Exhibit 10.1
SUMMARY OF EXECUTIVE OFFICER BENEFITS
AND BOARD OF DIRECTORS BENEFITS AND FEES *
Description of Benefit Eligible Positions Amount/Schedule
Club Memberships Chief Executive Officer, Chief Club Membership, not including
Operating Officer, President, dues
Consumer Solutions
Sprint Nextel Long-Distance Board of Directors Actual usage (continues after
Telephone and Wireless retirement for up to 120 months
Service (1) for legacy Sprint Directors with
5 years or more service) and use
of Sprint PCS and IDEN
handsets, accessories,
equipment and replacement
parts related to this service.
Sprint Nextel Long-Distance Executive Officers Legacy Sprint: Actual usage
Telephone Service (1) (continues after retirement)
Personal use of corporate Chief Executive Officer and Under an executive security
aircraft Chairman program established by the
Human Capital and
Compensation Committee, each
of the CEO and Chairman is
required to use Sprint Nextel
aircraft for personal as well as
business travel. Sprint Nextel
provides these security services
for its benefit rather than as a
personal benefit or perquisite
for the CEO or Chairman.
Other Executive Officers and The CEO must pre-approve any
Board of Directors proposed personal use of the
corporate aircraft for personal
reasons.
Executive Physical Legacy Sprint Executive Officers Reimbursement for Annual
Physical Examination
Separation Executive Officers (unless Legacy Sprint: 1 year salary and
otherwise provided in an individual benefits continuation plus lump
agreement with an officer) sum bonus payment at
conclusion of one year period
equal to 80 percent of target
opportunity
Legacy Nextel: Benefits set
forth in Nextel Change of
Control Retention Bonus and
Severance Pay Plan
Description of Benefit Eligible Positions Amount/Schedule
Fees Board of Directors Annual retainer - $70,000/year
Additional Annual retainer for
Lead Directors - $75,000/year
Committee Chair additional
annual retainer
Audit Committee - $20,000
Human Capital and
Compensation Committee -
$15,000
Other Committees - $10,000
Board and Committee Meeting
Fees - $2,000/meeting
Telephonic Board and
Committee Meeting Fees-
$1,000/meeting
Annual award of $100,000 in
restricted stock units
_________
<FN>
* This summary is effective beginning April 17, 2006 and replaces the schedule
filed as Exhibit 10.47 to Sprint Nextel's Annual Report on Form 10-K for the
year ended December 31, 2005
</FN>
<FN>
(1) Sprint reimburses for income taxes associated with these benefits.
</FN>
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