0001104659-08-073046 Sample Contracts

TELEPHONE AND DATA SYSTEMS, INC. <<YEAR>> STOCK OPTION AWARD AGREEMENT
Telephone and Data • November 25th, 2008 • 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. 2004 Long-Term Incentive Plan (As Amended and Restated) (the “Plan”), a Non-Qualified Stock Option (the “Option”) to purchase from the Company <<NUMBER>> shares of Special 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. AMENDMENT TO SALARY CONTINUATION AGREEMENT FOR LEROY T. CARLSON
Continuation Agreement • November 25th, 2008 • Telephone & Data Systems Inc /De/ • Telephone communications (no radiotelephone)

THIS AMENDMENT TO AGREEMENT, entered into this ___________ day of ________________, 2008, by and between TELEPHONE AND DATA SYSTEMS, INC., a Delaware corporation (the “Corporation”) and LEROY T. CARLSON (the “Executive”).

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