0001051512-12-000037 Sample Contracts

TELEPHONE AND DATA SYSTEMS, INC.
Stock Option Award Agreement • May 17th, 2012 • Telephone & Data Systems Inc /De/ • Telephone communications (no radiotelephone) • Delaware

Telephone and Data Systems, Inc., a Delaware corporation (the “Company”), hereby grants to <<NAME>> (the “Optionee”), as of <<DATE>> (the “Option Date”), pursuant to the provisions of the Telephone and Data Systems, Inc. 2011 Long-Term Incentive Plan (the “Plan”), a Non-Qualified Stock Option (the “Option”) to purchase from the Company <<NUMBER>> shares of Common Stock at the price of $<<PRICE>> per share upon and subject to the 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.
Restricted Stock Unit Award Agreement • May 17th, 2012 • Telephone & Data Systems Inc /De/ • Telephone communications (no radiotelephone) • Delaware

Telephone and Data Systems, Inc., a Delaware corporation (the “Company”), hereby grants to <<NAME>> (the “Employee”) as of <<DATE>>, pursuant to the provisions of the Telephone and Data Systems, Inc. 2011 Long-Term Incentive Plan (the “Plan”), a Restricted Stock Unit Award (the “Award”) with respect to <<NUMBER>> shares of Common Stock, upon and 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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