Exhibit 10.31


 


TDS
TELECOMMUNICATIONS CORPORATION


EXECUTIVE
DEFERRED COMPENSATION PROGRAM


 


20    
Election Form


and


Post-2004
Deferred Compensation Account


Payment
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    .


 


Date of Payment of Post-2004
Deferred Compensation Account (choose one option):


 


	
   

  	
  (a)

  	
  o

  	
  Seventh month after
  separation from service (as defined in the Plan); or

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (b)

  	
  o

  	
  Specified date: 
                                          
  (must be a month and year in 20     or later).

  



 


Form of Payment of Post-2004
Deferred Compensation Account (Choose one option):


 


	
   

  	
  (a)

  	
  o

  	
  Lump sum distribution;

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (b)

  	
  o

  	
  Annual installment
  method.  The number of installments
  shall be          (cannot be greater
  than 5); or

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (c)

  	
  o

  	
  Quarterly installment
  method.  The number of installments shall
  be        (cannot be greater than 20).

  



 


I understand that if I die prior to the total
distribution of my Post-2004 Deferred Compensation Account, the unpaid balance
of my Account will be payable in a lump sum to my designated beneficiary within
60 days of my death.


 






* This form should only be used for an Executive’s
first year of participation in the Plan.


 


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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 understand that the Internal Revenue Code
significantly restricts my ability to change the elections set forth herein
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 elections set forth
herein are 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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