Exhibit 10
RETIREMENT AGREEMENT
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This Retirement Agreement ("Agreement") is entered into by and among
United States Cellular Corporation ("USCC"), Telephone and Data Systems, Inc.
("TDS"), and H. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ("▇▇. ▇▇▇▇▇▇").
WHEREAS, USCC, TDS, and their subsidiaries, affiliates, and other
related entities are in the business of providing cellular telephone, local
telephone, personal communication, and other communication services to their
customers;
WHEREAS, TDS employed ▇▇. ▇▇▇▇▇▇ from April, 1983 until May, 1988, and
USCC has employed ▇▇. ▇▇▇▇▇▇ since May, 1988;
WHEREAS, ▇▇. ▇▇▇▇▇▇ formerly was USCC's President and Chief Executive
Officer and a member of USCC's Board of Directors, and ▇▇. ▇▇▇▇▇▇ currently is
an officer and director of many USCC subsidiaries, affiliates, and other related
entities;
WHEREAS, ▇▇. ▇▇▇▇▇▇ has acquired extensive knowledge of and experience
in USCC's and TDS's business during his employment at USCC and TDS;
WHEREAS, ▇▇. ▇▇▇▇▇▇ has retired from his employment at USCC;
WHEREAS, USCC, TDS, and ▇▇. ▇▇▇▇▇▇ desire to enter into a consulting
relationship after ▇▇. ▇▇▇▇▇▇'▇ retirement from USCC and TDS;
WHEREAS, USCC has hired ▇▇. ▇▇▇▇▇▇'▇ successor who became President and
Chief Executive Officer of USCC effective April 10, 2000;
NOW, THEREFORE, in consideration of the mutual promises contained in
this Agreement and for other good and valuable consideration, the adequacy and
receipt of which the parties expressly acknowledge, ▇▇. ▇▇▇▇▇▇, USCC, and TDS
agree as follows:
1. USCC Employment Period. Effective May 31, 2000, ▇▇. ▇▇▇▇▇▇
commenced an unpaid leave of absence from USCC until his retirement from
employment with USCC effective at the end of the day on June 15, 2000. ▇▇.
▇▇▇▇▇▇ will complete any additional necessary paperwork to establish June 15,
2000 as his official USCC retirement date. ▇▇. ▇▇▇▇▇▇ ceased to hold the office
of President and Chief Executive Officer of USCC effective at the end of the day
on April 9, 2000.
2. TDS Employment Period. From June 1, 2000 through June 15,
2000, TDS employed ▇▇. ▇▇▇▇▇▇ at a salary of $10,000. Effective at the end of
the day on June 15, 2000, ▇▇. ▇▇▇▇▇▇ retired from employment with TDS. ▇▇.
▇▇▇▇▇▇ will complete any additional necessary paperwork to establish June 15,
2000 as his official TDS retirement date.
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3. USCC Employment Benefits. All of ▇▇. ▇▇▇▇▇▇'▇ employment
benefits with USCC, including vacation accrual, ceased effective May 31, 2000 in
accordance with the terms of the respective benefit plans.
4. TDS Employment Benefits. ▇▇. ▇▇▇▇▇▇ shall not be entitled to
any employment benefits from TDS including, but not limited to, vacation, life
insurance, and disability insurance benefits, other than participation in the
Telephone and Data Systems, Inc. and Affiliates Group Health Benefits Plan ("TDS
Health Plan"), the Telephone and Data Systems, Inc. and Affiliates Group Dental
Plan ("TDS Dental Plan"), and the Telephone and Data Systems, Inc. and
Affiliates Group Vision Plan ("TDS Vision Plan"). On June 16, 2000 and
thereafter, ▇▇. ▇▇▇▇▇▇ may continue his TDS Health Plan coverage and will be
eligible for retiree life insurance under the Telephone and Data Systems, Inc.
and Affiliates Group Insurance Plan on the same terms and conditions as any
other retiree eligible to participate under such Plans. TDS will offer ▇▇.
▇▇▇▇▇▇ continuation coverage in accordance with the TDS Dental Plan and TDS
Vision Plan pursuant to the requirements of Part 6 of Title I of the Employee
Retirement Income Security Act of 1974, as amended, after his June 15, 2000
retirement date.
5. Company Car. ▇▇. ▇▇▇▇▇▇ may keep his current company car after
May 31, 2000, and he agrees to bear the entire cost of all expenditures
(including insurance) for the car after that date. USCC will transfer the car
title to ▇▇. ▇▇▇▇▇▇ on or before July 31, 2000.
6. USCC Equipment. ▇▇. ▇▇▇▇▇▇ may keep the USCC fax machine and
cellular telephones that he currently possesses. ▇▇. ▇▇▇▇▇▇ shall bear the
entire cost of all maintenance, service, and other expenditures for such
equipment after May 31, 2000.
7. Apartment and Furniture Reimbursement. From June 1, 2000 until
December 31, 2000 upon the presentation of appropriate documentation, USCC shall
reimburse ▇▇. ▇▇▇▇▇▇ for his monthly apartment rental of $1,011 and his monthly
furniture rental of $165.95 for the apartment that ▇▇. ▇▇▇▇▇▇ currently rents in
Chicago at The Pavilion.
8. Stock Options, SARs, and Restricted Shares. All of ▇▇.
▇▇▇▇▇▇'▇ stock options, other rights to acquire shares (or cash equivalent to
the value of such shares), and restricted shares that have been granted on or
before May 31, 2000 but have not become vested including, but not limited to,
those previously granted unvested stock options and previously granted unvested
restricted shares under the United States Cellular Corporation 1994 Long-Term
Incentive Plan (as amended and restated in the United States Cellular
Corporation 1998 Long-Term Incentive Program) and those previously granted
unvested stock appreciation rights under the United States Cellular Corporation
Stock Appreciation Rights Plan (as amended and restated in the United States
Cellular Corporation Stock Option and Stock Appreciation Rights Plan), shall
vest in full effective June 15, 2000. ▇▇. ▇▇▇▇▇▇ shall thereafter be permitted
to exercise his stock options and rights in accordance with the terms of those
respective plans. Notwithstanding anything to the contrary, ▇▇. ▇▇▇▇▇▇ shall not
have any right to receive additional grants of options, other rights, or
restricted shares after May 31, 2000 including, but not limited to, performance
options or shares that have not been granted as of May 31, 2000 including the
minimum 3968 restricted shares that USCC would have awarded to ▇▇. ▇▇▇▇▇▇ on
March 31, 2001 under the November, 1998 USCC Special Executive Retention
Program. ▇▇. ▇▇▇▇▇▇ also
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agrees that he is not eligible to make further contributions to any USCC or
TDS deferred bonus and compensation plans after May 31, 2000.
9. Pro-Rata Bonus. On August 1, 2000, USCC will pay ▇▇. ▇▇▇▇▇▇
the ▇▇▇▇▇ amount of $97,100 as his pro-rata bonus for 2000. The bonus is based
upon a 50% target percentage of ▇▇. ▇▇▇▇▇▇'▇ current annual base salary
pro-rated to the first five months of 2000. ▇▇. ▇▇▇▇▇▇ acknowledges and agrees
that he is not entitled to any other bonus payment from USCC or TDS.
10. Pension, 401(k), and SERP Payments. As soon after ▇▇. ▇▇▇▇▇▇'▇
June 15, 2000 retirement date as feasible and provided that ▇▇. ▇▇▇▇▇▇ completes
the necessary paperwork, ▇▇. ▇▇▇▇▇▇ will begin to receive those payments to
which he is entitled pursuant to the Telephone and Data Systems, Inc. Employees'
Pension Trust I, the Telephone and Data Systems, Inc. Supplemental Executive
Retirement Plan, the Telephone and Data Systems, Inc. Tax-Deferred Savings Plan,
the Telephone and Data Systems, Inc. Wireless Companies' Pension Plan, the
United States Cellular Corporation Supplemental Benefit Agreement, subject to
all amendments thereof, and the deferred bonus and compensation arrangements
earning interest at Treasury Bond rates and USM stock unit matches, as described
in the USCC proxy statement, in accordance with the terms of such plans and
agreements. ▇▇. ▇▇▇▇▇▇ shall receive the remaining shares through his ▇▇▇▇▇
▇▇▇▇▇▇ account (and cash representing any fractional shares directly) to which
he is entitled under the USCC employee stock purchase plan as soon as
practicable following June 30, 2000 in accordance with the terms of such plan.
11. Resignation as Officer and Director from USCC and Other
Entities. Effective at the end of the day on April 9, 2000, ▇▇. ▇▇▇▇▇▇ ceased to
be an officer of USCC. Effective as of May 17, 2000, ▇▇. ▇▇▇▇▇▇ ceased to be a
member of USCC's Board of Directors. Effective at the end of the day on June 15,
2000, ▇▇. ▇▇▇▇▇▇ resigned as an officer and director of all of USCC's
subsidiaries, affiliates, and other related entities. ▇▇. ▇▇▇▇▇▇ has resigned as
an officer and director of the CTIA and knows of no other industry association
in which he represents USCC.
12. Return of Office and Property. ▇▇. ▇▇▇▇▇▇ represents and
warrants that he has vacated his office at USCC as of April 7, 2000 and except
as otherwise provided in Paragraphs 5 and 6 hereof, has returned to USCC all of
USCC's and its subsidiaries', affiliates', and other related entities' property
in his possession. This property includes, but is not limited to, financial
records, company credit cards, tapes, records, manuals, employee lists, customer
lists, brochures, files, catalogs, price lists, cost information, keys,
equipment, and all copies thereof.
13. Consulting Arrangement. From June 16, 2000 through September
30, 2000, USCC will retain ▇▇. ▇▇▇▇▇▇ as an independent consultant to render
consultation, advice, and information concerning the business and operations of
USCC and its subsidiaries, affiliates, and other related entities. From October
1, 2000 through December 31, 2003, TDS will retain ▇▇. ▇▇▇▇▇▇ as an independent
consultant to render consultation, advice, and information concerning the
business and operations of TDS and its subsidiaries, affiliates, and other
related entities. During the consulting periods, ▇▇. ▇▇▇▇▇▇ shall honor
reasonable requests by USCC and TDS for his services and shall devote reasonable
time and his best efforts, skill, and attention to the
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diligent performance of his consulting duties. USCC, TDS, and their
subsidiaries, affiliates, and other related entities shall have no obligation to
provide ▇▇. ▇▇▇▇▇▇ with an office or equipment to perform these consulting
services. USCC will pay ▇▇. ▇▇▇▇▇▇ a $30,000 consulting fee at the end of July,
2000 for the consulting period from June 16 through July 31, 2000. USCC will pay
▇▇. ▇▇▇▇▇▇ a monthly consulting fee of $20,000 at the end of each month during
the consulting period from August 1, 2000 through September 30, 2000. TDS will
pay ▇▇. ▇▇▇▇▇▇ a monthly consulting fee of $9,500 at the end of each month
during the consulting period from October 1, 2000 through December 31, 2003.
Notwithstanding the foregoing, ▇▇. ▇▇▇▇▇▇ will not be required to devote more
than 15 hours per month during the consulting periods to providing consulting
services without his consent unless the consulting services are
litigation-related, in which case USCC or TDS may require ▇▇. ▇▇▇▇▇▇ to devote
more than 15 hours per month. Should ▇▇. ▇▇▇▇▇▇ provide more than 15 hours of
consulting service during any month, USCC or TDS will compensate ▇▇. ▇▇▇▇▇▇ at
the rate of $250 for each additional hour. ▇▇. ▇▇▇▇▇▇ shall perform his
consulting duties as an independent contractor without the power to bind,
represent, or speak for USCC, TDS, or any of their subsidiaries, affiliates, or
other related entities for any purpose whatsoever. ▇▇. ▇▇▇▇▇▇ acknowledges his
separate responsibility for all taxes during the consulting period and agrees to
indemnify and hold USCC, TDS, and their subsidiaries, affiliates, and other
related entities harmless from any claim or liability relating to such taxes.
▇▇. ▇▇▇▇▇▇ will be reimbursed by USCC or TDS for his reasonable out-of-pocket
expenses incurred in performing consulting services, including but not limited
to business-class air travel. USCC and TDS agree that all requests for his
services under this Paragraph 13 shall be reasonable and that USCC and TDS will
make reasonable efforts to provide as much advance notice of such requests as
possible. ▇▇. ▇▇▇▇▇▇'▇ inability to comply with USCC's or TDS's requests due to
such things as illness, scheduling conflicts, or prior commitments shall not be
viewed as a breach of his obligations to provide consulting services pursuant to
this Agreement, provided that the purpose of such inability to comply was not to
avoid his consulting obligations under this Agreement.
14. Non-Disclosure and Use of Confidential and Proprietary
Information. USCC's and TDS's employment of ▇▇. ▇▇▇▇▇▇ has resulted in his
exposure and access to confidential and proprietary information including, but
not limited to, USCC's, TDS's, and their subsidiaries', affiliates', and other
related entities' customer lists, price lists, operating, service, sales,
supply, and other costs, customer information, business plans, financial
information, and business strategies which ▇▇. ▇▇▇▇▇▇ did not have access to
prior to his employment with USCC and TDS and which information is not generally
known to the public and is of great value to USCC and TDS. ▇▇. ▇▇▇▇▇▇ shall not,
at any time, make available to any competitor or potential competitor of USCC,
TDS, or of their subsidiaries, affiliates, or other related entities or divulge,
disclose, or communicate to any person, firm, corporation, or other business
entity other than USCC or TDS authorized personnel, in any manner whatsoever,
any such confidential or proprietary information, unless authorized to do so in
writing by TDS's President and Chief Executive Officer. Under no circumstance
shall ▇▇. ▇▇▇▇▇▇ remove any confidential or proprietary information from USCC's,
TDS's, or their subsidiaries', affiliates', or other related entities' premises
without the express written consent of TDS's President and Chief Executive
Officer. ▇▇. ▇▇▇▇▇▇ shall not at any time use any of USCC's, TDS's, or their
subsidiaries', affiliates', or other related entities' confidential or
proprietary information on behalf of himself or any entity other than USCC or
TDS.
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15. Restrictive Covenant and Non-Solicitation. Until December 31,
2003, ▇▇. ▇▇▇▇▇▇ shall not directly, or indirectly through any individual or
entity, other than on USCC's or TDS's behalf:
(a) provide wireless services similar to those provided by
USCC to any customer of USCC. The term "customer" is defined as any
individual or entity for which USCC provides service at any time during
the period from June 1, 2000 to December 31, 2003;
(b) solicit for employment or a business relationship any
employee, distributor, dealer, or agent who is employed by or has a
business relationship with USCC, TDS, or any of their subsidiaries,
affiliates, or other related entities at any time during the period
from June 1, 2000 to December 31, 2003.
16. Injunctive Relief. ▇▇. ▇▇▇▇▇▇ acknowledges that the covenants
contained in Paragraphs 14 and 15 above are reasonable in scope and duration, do
not unduly restrict ▇▇. ▇▇▇▇▇▇'▇ ability to engage in his livelihood, and are
necessary to protect USCC's and TDS's legitimate business interests. Without
limiting the rights of USCC or TDS to pursue and obtain any other legal and/or
equitable remedy available to them for any breach by ▇▇. ▇▇▇▇▇▇ of the covenants
contained in Paragraphs 14 and 15 above, ▇▇. ▇▇▇▇▇▇ further acknowledges that a
breach of those covenants would cause a loss to USCC, TDS, and their
subsidiaries, affiliates, and other related entities which could not reasonably
or adequately be compensated in damages in an action at law, that remedies other
than injunctive relief could not fully compensate USCC and TDS for a breach of
those covenants and that, accordingly, USCC and TDS shall be entitled to
injunctive relief to prevent any breach or continuing breaches of ▇▇. ▇▇▇▇▇▇'▇
covenants set forth in Paragraphs 14 and 15 above. ▇▇. ▇▇▇▇▇▇, USCC, and TDS
intend that if, in any action before any Court empowered to enforce those
covenants, the Court finds any term, restriction, covenant, or promise to be
unenforceable, then such term, restriction, covenant, or promise shall be deemed
modified to the extent necessary to make it enforceable by such Court.
17. General Release. ▇▇. ▇▇▇▇▇▇, and anyone claiming through ▇▇.
▇▇▇▇▇▇, agree not to ▇▇▇ and release USCC, TDS, and any and all parents,
divisions, subsidiaries, partnerships, affiliates and/or other related entities
of USCC and TDS (whether or not such entities are wholly owned) and each of
those entities' past, present, and future owners, trustees, fiduciaries,
shareholders, directors, officers, administrators, agents, partners, employees,
attorneys, and the predecessors, successors, and assigns of each of them
(collectively, the "Released Parties"), from any and all claims, whether known
or unknown, which ▇▇. ▇▇▇▇▇▇ now has, has ever had, or may ever have against any
of the Released Parties arising from or related to any act, omission, or thing
occurring at any time prior to his signing this Agreement including, but not
limited to, any and all claims that in any way result from, or relate to, ▇▇.
▇▇▇▇▇▇'▇ employment or cessation of employment with any of the Released Parties.
These released claims further include, but are not limited to, any and all
claims that ▇▇. ▇▇▇▇▇▇ could assert or could have asserted in any federal,
state, or local court, commission, department, or agency under any common law
theory, or under any fair employment, employment, contract, tort, federal,
state, or local law, regulation, ordinance, or executive order including under
the following laws as amended from time to time:
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the Age Discrimination in Employment Act, Title VII of the Civil Rights Act of
1964, the Americans With Disabilities Act, the Employee Retirement Income
Security Act, the Family and Medical Leave Act, the Illinois Human Rights Act,
and the Chicago and ▇▇▇▇ County Human Rights Ordinances.
USCC, TDS, and any individual or entity claiming through USCC or TDS,
agree not to ▇▇▇ and release ▇▇. ▇▇▇▇▇▇ from any and all claims, whether known
or unknown, which USCC or TDS now has, has ever had, or may ever have against
▇▇. ▇▇▇▇▇▇ arising from or related to any act, omission, or thing occurring at
any time prior to his signing this Agreement including, but not limited to, any
and all claims that in any way result from, or relate to, ▇▇. ▇▇▇▇▇▇'▇
employment or cessation of employment with USCC and TDS. USCC and TDS agree to
defend, indemnify, and hold harmless ▇▇. ▇▇▇▇▇▇ and his heirs, estate, executors
and administrators against any costs, losses, claims, suits, proceedings,
damages or liabilities to which ▇▇. ▇▇▇▇▇▇ may become subject which arise out
of, are based upon, or relate to his employment with USCC and TDS.
18. Litigation Representations. To the best of USCC's, TDS's, and
▇▇. ▇▇▇▇▇▇'▇ knowledge, each party is unaware of any pending or threatened
litigation in which ▇▇. ▇▇▇▇▇▇ is or will be named as an individual defendant or
in which ▇▇. ▇▇▇▇▇▇'▇ legal defenses to such litigation are or would be
inconsistent with those of USCC and TDS. ▇▇. ▇▇▇▇▇▇ agrees to cooperate with
USCC and TDS in the defense of any pending or subsequently filed litigation as
reasonably requested by USCC or TDS.
19. Letters of Recommendation. On or before July 31, 2000, the
Chairman of the Board of USCC and the Chairman of the Board of TDS each shall
provide ▇▇. ▇▇▇▇▇▇ with the letters of recommendation attached to this
Agreement.
20. Non-disparagement. ▇▇. ▇▇▇▇▇▇ agrees that he will not engage
in any conduct or omission to act, or make any statement or disclosure that is
intended or reasonably likely to disparage USCC, TDS, or any of their
affiliates, and/or any of their officers or directors. ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇.,
the current Chairman of the Board of USCC and the President and Chief Executive
Officer of TDS, agrees that he will not engage in any conduct or omission to
act, or make any statement that is intended or reasonably likely to disparage
▇▇. ▇▇▇▇▇▇, and that he will instruct the current Chairman of the Board of TDS,
TDS's current Executive Vice President - Finance and Chief Financial Officer,
TDS's current Vice President - Human Resources, and USCC's current President and
Chief Executive Officer to do likewise.
21. Payment Upon Death. USCC's and TDS's obligations to make
salary and consulting payments under this Agreement shall not be affected by ▇▇.
▇▇▇▇▇▇'▇ death, and if he should die before all salary and consulting payments
due him under this Agreement have been paid, any remaining amounts shall be paid
to his wife, or if she is not then living, to the estate of the last to die of
▇▇. ▇▇▇▇▇▇ or his wife.
22. Legal Fees. USCC will pay ▇▇▇▇▇▇▇, Carton & ▇▇▇▇▇▇▇, upon
presentation of Mr. ▇▇▇▇▇▇'▇ ▇▇▇▇, its legal fees and expenses incurred with
respect to its representation of ▇▇. ▇▇▇▇▇▇ in connection with this Agreement in
an amount not to exceed $10,000.
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23. Acknowledgment of Sufficient Time to Consider This Agreement
and to Consult With a Lawyer. ▇▇. ▇▇▇▇▇▇ expressly acknowledges that he has been
informed that he may consult with a lawyer of his choice and that he has had
sufficient time to consult with his lawyer before executing this Agreement. ▇▇.
▇▇▇▇▇▇ further acknowledges that he has had at least 21 days within which to
consider this Agreement.
24. Revocation Right. Within 7 days following the date of ▇▇.
▇▇▇▇▇▇'▇ execution of this Agreement, ▇▇. ▇▇▇▇▇▇ shall have the right to revoke
this Agreement by serving within such 7-day period written notice of his
revocation upon TDS's President and Chief Executive Officer. If ▇▇. ▇▇▇▇▇▇ does
not revoke this Agreement during this 7-day period, this Agreement shall become
effective on the eighth day after the date of ▇▇. ▇▇▇▇▇▇'▇ execution of this
Agreement and ▇▇. ▇▇▇▇▇▇ shall have no further right to revoke this Agreement.
25. Knowing and Voluntary Release. ▇▇. ▇▇▇▇▇▇ acknowledges that in
releasing and waiving any claims and rights that he has or may have against the
Released Parties, including those under the Age Discrimination in Employment
Act, he does so knowingly and voluntarily, in exchange for consideration in
addition to anything of value to which he already is entitled.
26. Notices. All notices and other communications required or
permitted under this Agreement shall be deemed to have been duly given and made
if in writing and if served personally on the party for whom intended or by
being deposited, postage prepaid, certified or registered mail, return receipt
requested, in the United States mail bearing the address shown below for each
such party or such other address as that party may designate in writing
hereafter:
(a) If to USCC or TDS: (b) If to ▇▇. ▇▇▇▇▇▇:
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇. H. ▇▇▇▇▇▇ ▇▇▇▇▇▇
Chairman President and Chief
United States Cellular Corporation Executive Officer
President and Chief Executive Officer Cardonvue Enterprises
Telephone and Data Systems, Inc. ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇
▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇,
▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇
▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇-▇▇▇▇
with a copy to:
▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
Vice President and Secretary
United States Cellular Corporation
Vice President and Secretary
Telephone and Data Systems, Inc.
▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇
▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
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27. Payments to ▇▇. ▇▇▇▇▇▇. Any checks, stock certificates or
other payments or transmittals to ▇▇. ▇▇▇▇▇▇ required by this Agreement shall be
sent to him at the address indicated in Paragraph 26(b) above or to such other
address that he may provide USCC or TDS in writing.
28. Waiver. USCC's or TDS's future waiver of a breach by ▇▇.
▇▇▇▇▇▇ of any provision of this Agreement or failure to enforce any such
provision with respect to him shall not operate or be construed as a waiver of
any subsequent breach by ▇▇. ▇▇▇▇▇▇ of any such provision or of TDS's or USCC's
right to enforce any such provision with respect to ▇▇. ▇▇▇▇▇▇. No act or
omission of USCC shall constitute a waiver of its rights hereunder except for a
written waiver signed by the Chairman of USCC. No act or omission of TDS shall
constitute a waiver of any of its rights hereunder except for a written waiver
signed by TDS's President and Chief Executive Officer.
29. Successors. USCC and TDS shall cause any and all successors to
their businesses to assume and be bound by the terms of this Agreement.
30. Entire Agreement. This Agreement embodies the entire agreement
and understanding of ▇▇. ▇▇▇▇▇▇, USCC, and TDS with regard to the matters
described in this Agreement, and supersedes any and all prior and/or
contemporaneous agreements and understandings, oral or written, between ▇▇.
▇▇▇▇▇▇, USCC, and TDS.
31. Governing Law. This Agreement shall be governed by the laws of
the State of Illinois without regard to its conflicts of law rules.
▇▇. ▇▇▇▇▇▇, USCC, AND TDS EXPRESSLY STATE THAT THEY HAVE READ THIS
AGREEMENT, THAT THEY UNDERSTAND EACH OF ITS TERMS, AND THAT THEY INTEND TO BE
BOUND THEREBY.
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UNITED STATES CELLULAR CORPORATION H. ▇▇▇▇▇▇ ▇▇▇▇▇▇
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇. /s/ H ▇▇▇▇▇▇ ▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇.
Chairman
Dated: July 18, 2000 Dated: July 13, 2000
TELEPHONE AND DATA SYSTEMS, INC.
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇.
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇.
President and Chief Executive Officer
Dated: July 18, 2000
Signature page to Retirement Agreement for H. ▇▇▇▇▇▇ ▇▇▇▇▇▇
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