Litigation Reimbursement Arrangement Between Sprint Nextel Corporation and Steven Elfman

Contract Categories: Business Operations › Indemnification Agreements
Summary

Sprint Nextel Corporation has agreed to cover legal fees for Steven Elfman in connection with a lawsuit filed against him by his former employer, Motricity. This arrangement ensures that Elfman is reimbursed for his legal expenses, unless he is otherwise compensated, to minimize business disruption and protect Sprint Nextel's interests. The lawsuit does not allege any wrongdoing by Sprint Nextel.

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EX-10.1 2 dex101.htm EXHIBIT 10.1 -- LITIGATION RELEASE ARRANGEMENT WITH STEVE ELFMAN Exhibit 10.1 -- Litigation Release Arrangement with Steve Elfman

Exhibit 10.1

Litigation Reimbursement Arrangement

On August 4, 2008, Sprint Nextel Corporation (the “Company”) agreed to pay for Steven Elfman’s legal fees, to the extent he is not otherwise reimbursed, in a lawsuit filed against him by his former employer, Motricity, to help mitigate distractions to the business and to protect the Company’s interests. The lawsuit does not accuse the Company of any wrongdoing.