SEC Contract Filing

Filing Date: 2021-08-06

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>usm6302021ex101.htm
<DESCRIPTION>EX-10.1
<TEXT>
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<title>Document</title></head><body><div id="ib205bf820b4c493bb5aa5daba30737ea_1"></div><div style="min-height:31.5pt;width:100%"><div style="text-align:right"><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Exhibit 10.1</font></div><div><img alt="usmlogoa.jpg" src="usmlogoa.jpg" style="height:38px;margin-bottom:5pt;vertical-align:text-bottom;width:200px"></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2013 LONG-TERM INCENTIVE PLAN</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2021 PERFORMANCE AWARD AGREEMENT</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">United States Cellular Corporation, a Delaware corporation (the &#34;Company&#34;), hereby grants to the recipient of this award (the &#34;Employee&#34;) as of the date (the &#34;Grant Date&#34;) set forth in the &#8220;Stock Options and Awards&#8221; section of the Employee&#8217;s Company on-line account with Solium Capital (the &#8220;Award Summary&#8221;), a Performance Award (the &#34;Award&#34;) with a target opportunity equal to the number of shares of Common Stock set forth in the Award Summary. Depending on performance during the Performance Period (for all purposes of this Award Agreement, as defined in accordance with Exhibit A hereto), the Employee may be entitled under this Award Agreement to shares of Common Stock equal to 0% to 200% of the target opportunity, in accordance with Section 2 below. The Award is granted pursuant to the provisions of the United States Cellular Corporation 2013 Long-Term Incentive Plan, as amended from time to time (the &#8220;Plan&#8221;) and is subject to the restrictions, terms and conditions set forth below. Capitalized terms not defined herein shall have the meanings specified in the Plan.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">1.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">Award Subject to Acceptance</font></div><div><font><br></font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Award shall become null and void unless the Employee accepts the Award and this Award Agreement either electronically by utilizing the Employee&#8217;s Company on-line account with Solium Capital, which is accessed at www.solium.com&#47;login, or in paper format which may be obtained by contacting Mary Beth Richardson.</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2.&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:700;line-height:120%;text-decoration:underline">Performance-Based Adjustment</font></div><div><font><br></font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(a) </font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">In General</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">. The Award shall be adjusted pursuant to the terms of this Award Agreement and the Plan and based on the achievement of the Performance Measure (for all purposes of this Award Agreement, as defined in accordance with Exhibit A hereto and determined in accordance with criteria approved by the Committee) during the Performance Period. Achievement of the Performance Measure shall be determined and certified by the Committee in writing within ninety (90) days following the last day of the Performance Period (the date of such certification, the &#8220;Certification Date&#8221;).</font></div><div style="padding-left:18pt"><font><br></font></div><div style="padding-left:18pt"><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">(b) </font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%;text-decoration:underline">Transfer of Employment during Performance Period</font><font style="color:#000000;font-family:'Helvetica',sans-serif;font-size:9pt;font-weight:400;line-height:120%">. In the event that the Employee transfers employment during the Performance Period from an Employer to an Affiliate that is not an Employer, then the adjustment described in Section 2(a) based on the achievement of the Performance Measure during the Performance Period shall be pro-rated for such Employee (regardless of whether such adjustment would increase or decrease the number of shares subject to the Award), with such pro-ration measured by a fraction, of which the numerator is the number of days of the Performance Period during which the Employee&#8217;s employment with the Employer continued, and the denominator is the total number of days of the Performance Period.</font></div><div style="padding-left:18pt"><font><br></font></div>