SEC Contract Filing

Filing Date: 2019-02-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.11(C)
<SEQUENCE>4
<FILENAME>usm201810-kexhibit1011c.htm
<DESCRIPTION>EXHIBIT 10.11(C)
<TEXT>
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<div><a name="s951f8a43a94c489891cebf6ebdd382d0"></a></div><div><div style="line-height:120%;text-align:right;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;">Exhibit 10.11(c)</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Helvetica,sans-serif;font-size:12pt;font-weight:bold;">AMENDMENT NUMBER TWO</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Helvetica,sans-serif;font-size:12pt;font-weight:bold;">TO THE</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Helvetica,sans-serif;font-size:12pt;font-weight:bold;">UNITED STATES CELLULAR CORPORATION</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:Helvetica,sans-serif;font-size:12pt;font-weight:bold;">2013 LONG-TERM INCENTIVE PLAN</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;">WHEREAS,</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#32;United States Cellular Corporation, a Delaware corporation (the &#8220;</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;text-decoration:underline;">Company</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#8221;) has adopted and maintains the United States Cellular Corporation 2013 Long-Term Incentive Plan (the &#8220;</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;text-decoration:underline;">Plan</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#8221;) for the benefit of certain employees;</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;text-indent:96px;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;">WHEREAS, </font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">pursuant to Section 8.2 of the Plan, the Board of Directors of the Company (the &#8220;</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;text-decoration:underline;">Board</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#8221;) may amend the Plan as it shall deem advisable, subject to any requirement of shareholder approval as specified in the Plan, including under applicable law or the principal national stock exchange on which the Common Shares of the Company (the &#8220;</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;text-decoration:underline;">Common Shares</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#8221;) are then traded;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;">WHEREAS,</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#32;the Board desires to amend the Plan to broaden the circumstances under which employees of the Company who are not officers may pay for the Common Shares to be purchased pursuant to the exercise of a stock option by authorizing the Company to withhold Common Shares which would otherwise be delivered in connection with such exercise; and</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;">WHEREAS,</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#32;such amendment is not subject to any required shareholder approval.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;font-weight:bold;">NOW, THEREFORE, BE IT RESOLVED,</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">&#32;that effective as of November 29, 2018, the first sentence of Section 4.1(d)(1) of the Plan hereby is amended as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;padding-left:48px;font-size:9pt;"><font style="font-family:Helvetica,sans-serif;font-size:9pt;text-decoration:underline;">Purchase Price Payment by Non-Officers</font><font style="font-family:Helvetica,sans-serif;font-size:9pt;">. Effective for exercises of Stock Options occurring on or after November 29, 2018 (including exercises with respect to Stock Options granted prior to November 29, 2018, notwithstanding any provision within the agreement evidencing such Stock Option to the contrary), the holder of a Stock Option awarded to an employee who is not an Officer may pay for the shares of Common Stock to be purchased pursuant to the exercise of such Stock Option (i) in cash, (ii) by the delivery (either actual delivery or b