TDS approves 2023 Executive Officer Bonus Program with 80% quantitative metrics

TELEPHONE & DATA SYSTEMS INC /DE/

Plan covers EVPs and SVPs except TDS President/CEO, plus TDS Telecom President/CEO.
80% weighting on quantitative company performance: 70% UScellular, 30% TDS Telecom.
For TDS Telecom President/CEO, company performance based solely on TDS Telecom results.
20% weighting on individual performance.
Approved by Compensation Committee on March 15, 2023; no specific targets disclosed.

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