other material
confidence high
sentiment neutral
materiality 0.35
TDS subsidiary UScellular amends CEO severance to include pro-rated equity vesting on no-cause termination
TELEPHONE & DATA SYSTEMS INC /DE/
- Addendum to CEO Laurent C. Therivel's letter agreement provides pro-rated vesting of eligible equity awards if terminated involuntarily without cause.
- The change affects TDS's named executive officer because UScellular CEO is a named executive officer of TDS.
- Pro-rated vesting applies to eligible equity awards effective at time of employment termination.
- No other changes to compensation or employment terms are described in the filing.