UScellular amends LTIP awards to accelerate vesting upon strategic transactions or qualifying terminations

ARRAY DIGITAL INFRASTRUCTURE, INC.

Amends 2022 and 2013 LTIP awards to provide full acceleration if awards not continued/substituted/assumed in strategic transaction.
Full vesting also triggered by termination without cause or for good reason within 24 months after a Change in Control or Qualifying Transaction.
Change in Control includes sale of ≥50% of assets significantly altering business; Qualifying Transaction defined for partial asset sales.
CEO Laurent Therivel's Initial Accomplishment Award partially excluded from Change in Control provisions.
Follows Aug 4, 2023 announcement of strategic alternatives review; amendment effective Dec 4, 2023.

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