EX-10.52 7 s2011exhibit1052.htm RETENTION AWARD 2011 Exhibit 10.52


EXHIBIT 10.52



Sprint - Business Markets Group
6200 Sprint Parkway
Overland Park, KS 66251

February 24, 2011

Danny Bowman
5613 Golden Bear Drive
Overland Park, KS 66223

Dear Danny:

I am pleased to inform you that you the Compensation Committee has approved Dan and my recommendation for you to receive a special cash retention award.

This retention award consists of two payments totaling $100,000. You must remain an active Sprint employee through December 31, 2012 to receive full payment. Payments are targeted to occur the second paycheck of the month. The first payment of $50,000 will be scheduled for January 20, 2012 and the second payment of $50,000 on January 18, 2013.

Additional terms of award payment -
Involuntary termination without cause:
In addition to your severance package, if your employment is involuntarily terminated without cause, you will receive the entire award payment as soon as administratively practicable after termination.
Termination for any other reason:
If you have a termination of employment for any other reason (including voluntary termination, acceptance of a voluntary separation package, termination for cause, or unsatisfactory performance), you will forfeit any unpaid retention award payments in their entirety.

Thank you for your ongoing efforts at Sprint! I look forward to working with you in meeting the exciting challenges and opportunities in 2011.

Best Regards,

/s/ Paget Alves             


Paget Alves
President, Business Markets Group