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.
