First Amendment to Nextel Communications, Inc. Change of Control Retention Bonus and Severance Pay Plan (Effective September 19, 2002)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

This amendment updates the definition of "Employer" in Nextel Communications, Inc.'s Change of Control Retention Bonus and Severance Pay Plan. It clarifies that "Employer" includes the company, all its wholly owned subsidiaries, and any other subsidiaries that the Board or its Compensation Committee extends the plan to and that have adopted it. The amendment is effective as of September 19, 2002.

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EX-10.1 3 w65553exv10w1.htm FIRST AMENDMENT,DATED SEPT 19,2002 exv10w1  

Exhibit 10.1

First Amendment to Nextel Communications, Inc.
Change of Control Retention Bonus and
Severance Pay Plan (Effective September 19, 2002)

        Section 3(g) of the Nextel Communications, Inc. Change of Control Retention Bonus and Severance Pay Plan is hereby amended and restated in its entirety to read as follows:

  “(g) “Employer” means the Company, each of its wholly owned subsidiaries, and any other subsidiary of the Company to which the Plan has been extended by the Board (or by the Compensation Committee of the Board) and which has adopted the Plan.”