Exhibit 10.32


 


TDS
TELECOMMUNICATIONS CORPORATION


EXECUTIVE
DEFERRED COMPENSATION PROGRAM


 


20      
Election Form


 


	
   

  	
   

  
	
  Executive’s Name (please print)

  	
   

  



 


Election to Participate


(please check one)


 


o I choose to participate in the TDS
Telecommunications Corporation Executive Deferred Compensation Program (the “Plan”)
for calendar year 20    .


 


o I choose not to participate in the TDS
Telecommunications Corporation Executive Deferred Compensation Program (the “Plan”)
for calendar year 20    .


 


Deferral of Gross Compensation


 


On each issuance of my payroll check for services to
be performed in calendar year 20     and on each issuance
of a check in full or partial payment of my bonus and commission, if any, for
services to be performed in calendar year 20    , I elect
to have TDS Telecommunications Corporation deduct an amount equivalent to
           percent of my base
salary, bonus and commission for the pay period which will be credited to my
Post-2004 Deferred Compensation Account under the Plan as of the date of such
scheduled payment.  The first deduction
will occur on my bi-weekly payroll check dated January      ,
20    .


 


Acknowledgement of Executive


 


I acknowledge and agree that the elections set forth
herein to defer my base salary, bonus and commission for calendar year
20     are irrevocable and, except in the event of any
withdrawal under the Plan (or under any other elective account balance plan
maintained by TDS Telecommunications or its affiliates) due to my unforeseeable
emergency (as defined in the Plan), shall be in effect for the entire calendar
year.


 


I acknowledge that I previously filed an election
under the Plan regarding the date and form of payment of my Post-2004 Deferred
Compensation Account.  I understand that
the Internal Revenue Code significantly restricts my ability to change my
elections regarding the date and form of payment of my Post-2004 Deferred
Compensation Account.  I generally will
not be allowed to elect to accelerate the payment of my Post-2004 Deferred
Compensation Account.  I may elect to
delay the payment of my Post-2004 Deferred Compensation Account or change the
form of payment only if (i) such election is made at least 12 months prior
to the date of the scheduled payment (or, in the case of installment payments,
12 months prior to the date the first amount is scheduled to be paid) and (ii) except
in the event of my death, disability or unforeseeable emergency, the payment
subject to such election is deferred for a period of at least 5 years from the
date such payment otherwise would have been made (or, in the case of
installment payments, 5 years from the date the first amount is scheduled to be
paid).


 


I acknowledge and agree that my election set forth
herein is subject to the terms and conditions of the Plan, as it may be amended
from time to time, including any amendment necessary to satisfy any
requirements of Section 409A of the Internal Revenue Code.


 


 


	
   

  	
   

  	
   

  
	
  Executive’s
  Signature

  	
   

  	
  Date

  



 


YOUR COMPLETED
ELECTION FORM MUST BE RECEIVED NO LATER THAN DECEMBER
      , 20     TO BE
EFFECTIVE.  PLEASE RETURN THIS COMPLETED
ELECTION FORM TO
                                    .


 


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