0001051512-20-000059 Sample Contracts

TELEPHONE AND DATA SYSTEMS, INC.
2020 Restricted Stock Unit Award Agreement • August 6th, 2020 • Telephone & Data Systems Inc /De/ • Telephone communications (no radiotelephone) • Delaware

Telephone and Data Systems, Inc., a Delaware corporation (the “Company”), hereby grants to the recipient of this award (the “Employee”) as of May 21, 2020 (the “Grant Date”), a Restricted Stock Unit Award (the “Award”) with respect to the number of shares of Common Stock set forth in the “Portfolio Summary” section of the Employee’s Company on-line account with Solium Capital (the “Award Summary”). The Award is granted pursuant to the provisions of the Telephone and Data Systems, Inc. 2020 Long-Term Incentive Plan, as it may be amended from time to time (the “Plan”), and is subject to the restrictions, terms and conditions set forth below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

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TELEPHONE AND DATA SYSTEMS, INC.
2020 Stock Option Award Agreement • August 6th, 2020 • Telephone & Data Systems Inc /De/ • Telephone communications (no radiotelephone) • Delaware

Telephone and Data Systems, Inc., a Delaware corporation (the “Company”), hereby grants to the recipient of this award (the “Optionee”), as of May 21, 2020 (the “Option Date”), a Non-Qualified Stock Option (the “Option”) to purchase from the Company the number of shares of Common Stock set forth in the “Portfolio Summary” section of the Optionee’s Company on-line account with Solium Capital (the “Award Summary”), at the price per share set forth in the Award Summary (the “Grant Price”). The Option is granted pursuant to the provisions of the Telephone and Data Systems, Inc. 2020 Long-Term Incentive Plan, as it may be amended from time to time (the “Plan”), and is subject to the terms and conditions set forth below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

TELEPHONE AND DATA SYSTEMS, INC.
2020 Performance Share Award Agreement • August 6th, 2020 • Telephone & Data Systems Inc /De/ • Telephone communications (no radiotelephone) • Delaware

Telephone and Data Systems, Inc., a Delaware corporation (the “Company”), hereby grants to the recipient of this award (the “Employee”) as of May 21, 2020 (the “Grant Date”), pursuant to the provisions of the Telephone and Data Systems, Inc. 2020 Long-Term Incentive Plan, as it may be amended from time to time (the “Plan”), a Performance Share Award (the “Award”) with a target opportunity equal to «PSA» shares of Common Stock (the “Target Opportunity”), upon and subject to the restrictions, terms and conditions set forth below. Depending on performance during the Performance Period (for all purposes of this Award Agreement, as defined in Exhibit A hereto), the Employee may be entitled under this Award Agreement to shares of Common Stock equal to 0% to 200% of the Target Opportunity, in accordance with Section 3 below. Capitalized terms not defined herein shall have the meanings specified in the Plan.

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