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<SEC-DOCUMENT>0000821130-09-000007.txt : 20090630
<SEC-HEADER>0000821130-09-000007.hdr.sgml : 20090630
<ACCEPTANCE-DATETIME>20090630144225
ACCESSION NUMBER:		0000821130-09-000007
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090626
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090630
DATE AS OF CHANGE:		20090630

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED STATES CELLULAR CORP
		CENTRAL INDEX KEY:			0000821130
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				621147325
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09712
		FILM NUMBER:		09918918

	BUSINESS ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
		BUSINESS PHONE:		7733998900

	MAIL ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<FILENAME>uscellular_8-kcoverpage1.htm
<DESCRIPTION>8-K
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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>FORM 8-K</FONT></B></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>SECURITIES AND EXCHANGE COMMISSION</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Washington, D.C. 20549</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CURRENT REPORT</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Pursuant to Section 13 or 15(d) of</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">The Securities Exchange Act of 1934</FONT></B><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date of Report (Date of earliest event reported): </FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>June 26, 2009</FONT></B><BR>
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<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=5>UNITED STATES CELLULAR CORPORATION</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Exact name of registrant as specified in its charter)</FONT></P>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(State or other </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>jurisdiction of </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>incorporation)</FONT></TD>
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     <TD style="TEXT-INDENT: 0px" vAlign=top align=center width="24%" rowSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>1-9712</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Commission </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>File Number)</FONT></TD>
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     <TD style="TEXT-INDENT: 0px" vAlign=top align=center width="25%" rowSpan=4><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>62-1147325</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(IRS Employer </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Identification No.)</FONT></TD></TR>
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     <TD style="TEXT-INDENT: 0px" vAlign=top align=center width="60%" rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>8410 West Bryn Mawr, Suite 700, Chicago, Illinois</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Address of principal executive offices)</FONT>&nbsp;</TD>
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     <TD style="TEXT-INDENT: 0px" vAlign=top align=center width="27%" rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>60631</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Zip Code)</FONT>&nbsp;</TD></TR>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Registrant's telephone number, including area code: </FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>(773) 399-8900</FONT></B></P>
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     <TD align=center width="100%" rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Not Applicable</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Former name or former address, if changed since last report)</FONT>&nbsp;</TD></TR>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>under any of the following provisions (see General Instruction A.2. below):</FONT></P>
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     <TD vAlign=center align=left width="2%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2><FONT face=Wingdings>&#168;</FONT></FONT></TD>
     <TD vAlign=center align=left width="50%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Written communications pursuant to Rule 425 under the Securities Act (17 CFR</FONT>&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>230.425)</FONT>&nbsp;</TD></TR>
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     <TD vAlign=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2><FONT face=Wingdings>&#168;</FONT></FONT></TD>
     <TD vAlign=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Soliciting material pursuant to Rule 14a</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
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     <TD vAlign=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2><FONT face=Wingdings>&#168;</FONT></FONT></TD>
     <TD vAlign=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
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     <TD vAlign=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2><FONT face=Wingdings>&#168;</FONT></FONT></TD>
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<P><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pre</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Item 5.02. <U>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements for Certain Officers</U></FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The following information is being provided pursuant to paragraph (e) of Item 5.02 of Form 8-K:</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>On June <FONT face="Times New Roman" size=2>26</FONT>, 2009, the United States Cellular Corporation (&#147;U.S. Cellular&#148;) 2009 Executive Officer Annual Incentive Plan Effective January 1, 2009 (&#147;Executive Incentive Plan&#148;) was approved by U.S. Cellular&#146;s Chairman, who does not participate in such incentive plan. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The purposes of the Executive Incentive Plan are: to provide incentive for the officers of U.S. Cellular to extend their best efforts toward achieving superior results in relation to key business measures; to reward U.S. Cellular&#146;s executive officers in relation to their success in meeting and exceeding the performance targets; and to help U.S. Cellular attract and retain talented leaders in positions of critical importance to the success of U.S. Cellular. Eligible participants in the Executive Incentive Plan are executive vice presidents and senior vice presidents of U.S. Cellular. Each participant&#146;s target incentive is expressed as a percentage of base salary. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The Executive Incentive Plan and other officer bonus plans of U.S. Cellular are discretionary in nature and are based, in part, on company performance, individual performance, and individual bonus targets, which contribute to the formation and size of an aggregate bonus pool for all U.S. Cellular officers. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>This officer bonus pool is determined by taking each officer&#146;s target annual bonus payout (calculated as a percentage of the officer&#146;s base salary) multiplied by the company / regional performance percentage attainment number achieved under the applicable officer bonus plan. The U.S. Cellular President and CEO will consider the performance factors (see below) and any other information he deems relevant in determining the amount available under the bonus pool. This pool is not earned, nor are payouts vested<FONT face="Times New Roman" size=2>,</FONT> until the bonus payout date. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The President and CEO determines the actual payout that each officer will receive and is not bound to adhere to any guideline. However, the sum of all participants&#146; actual awards cannot deviate from the officer bonus pool by + /- 18% for 2009. The Chairman must approve all officer bonuses prior to payout. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The following performance measures, using weights and definitions as approved by the Chairman, will be considered in evaluating the achievements of the officer team for the purposes of the Executive Incentive&nbsp;Plan: Customer Addition Equivalents; Customer Defections; Consolidated Revenue; Return on Capital; and Consolidated Cash Flow. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The foregoing description of the Executive Incentive Plan is not purported to be complete with respect to the material terms of such plan and is qualified by reference to the complete Executive Incentive Plan for the material terms of such plan, which is filed herewith as Exhibit 10.1 and incorporated by reference herein. </FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>There is no written bonus plan for the President and CEO. The bonus of the&nbsp;President and CEO is determined in a manner similar to the foregoing, but with some differences. In addition to the factors described above for all executive officers in general, the Chairman considers compensation paid to chief executive officers of other comparable companies, including those which are divisions or subsidiaries of parent companies. These companies include the peer companies included in the &#147;Stock Performance Graph&#148; in U.S. Cellular&#146;s annual report to shareholders. No written or formal list of specific companies is prepared. Instead, the Chairman is provided with information about executive compensation at these other companies by the Vice President of Human Resources of Telephone and Data Systems, Inc. (&#147;TDS&#148;), the parent of U.S. Cellular. This information includes compensation reported in proxy statements of
 comparable companies and salary surveys. The Chairman uses these sources and makes a determination of appropriate sources, companies and ranges for the President and CEO, based on the judgment of the Chairman. </FONT></P>
<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2><FONT face="Times New Roman" size=2>2</FONT></FONT></P>
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<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Item 9.01. <U>Financial Statements and Exhibits</U></FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d) </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Exhibits:</FONT></U></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>In accordance with the provisions of Item 601 of Regulation S-K, any Exhibits filed or furnished herewith are set forth on the Exhibit Index attached hereto.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Attached as Exhibit 99.<FONT face="Times New Roman" size=2>1</FONT> is a safe harbor cautionary statement under the Private Securities Litigation Reform Act of 1995.</FONT></P>
<P align=center><FONT face="Times New Roman" size=2>3</FONT></P>
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<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>SIGNATURES</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>United States Cellular Corporation</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>(Registrant)</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Date: June&nbsp;30, 2009</FONT></P>
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     <TD align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>By:</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>/s/ Steven T. Campbell</FONT></TD></TR>
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     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-TOP: #000000 1pt solid; TEXT-INDENT: 0px" vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Steven T. Campbell</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Executive Vice President &#150; Finance,</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Financial Officer and Treasurer</FONT>&nbsp;</TD></TR>
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<P align=center><FONT face="Times New Roman" size=2>4</FONT><BR>
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<P align=center><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>The following exhibits are filed or furnished herewith as noted below.</FONT></P>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left rowSpan=2><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Exhibit</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>No.</FONT></B>&nbsp;</TD>
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     <TD align=left>&nbsp;</TD></TR>
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     <TD style="BORDER-BOTTOM: #000000 1pt solid" align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Description</FONT></B>&nbsp;</TD></TR>
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     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>10.1</FONT>&nbsp;</TD>
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     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>United States Cellular Corporation 2009 Executive Officer Annual Incentive Plan Effective January 1, 2009</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
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     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>99.1</FONT>&nbsp;</TD>
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     <TD vAlign=top align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>Private Securities Litigation Reform Act of 1995 Safe Harbor Cautionary Statement</FONT>&nbsp;</TD></TR></TABLE>
<P align=center><FONT face="Times New Roman" size=2>5</FONT><BR>
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<P align=right><B><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>Exhibit 10.1</FONT></B></P>
<P align=center>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>UNITED STATES CELLULAR CORPORATION<BR>
</FONT></B><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>2009 EXECUTIVE OFFICER ANNUAL INCENTIVE PLAN<BR>
</FONT></B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>Effective January 1, 2009</FONT></B><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>&nbsp;&nbsp;&nbsp;</FONT></B></P>
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     <TD width="2%"><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>I.</FONT></B></TD>
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<P style="MARGIN-LEFT: 5px"><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>PURPOSE</FONT></B></P>
</TD></TR>
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     <TD vAlign=top align=left><FONT face=Wingdings-Regular,WingDings size=2>&#216;</FONT></TD>
     <TD vAlign=top align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>To provide incentive for the officers of U.S. Cellular (USCC) to extend their best efforts towards achieving</FONT>&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>superior results in relation to key business measures;</FONT>&nbsp;</TD></TR>
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     <TD align=left></TD>
     <TD vAlign=top align=left><FONT face=Wingdings-Regular,WingDings size=2>&#216;</FONT></TD>
     <TD vAlign=top align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>To reward USCC&#146;s executive officers in relation to their success in meeting and exceeding the performance</FONT>&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>targets; and</FONT>&nbsp;</TD></TR>
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     <TD align=left></TD>
     <TD vAlign=top align=left><FONT face=Wingdings-Regular,WingDings size=2>&#216;</FONT></TD>
     <TD vAlign=top align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>To help USCC attract and retain talented leaders in positions of critical importance to the success of the</FONT>&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>company.</FONT></TD></TR></TABLE>
<P><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>
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     <TD width="4%"><B>II.</B></TD>
     <TD width="96%">
<P style="MARGIN-LEFT: 20px"><B>ELIGIBLE PARTICIPANTS AND TARGETS</B></P>
</TD></TR></TABLE></FONT><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Executive Vice Presidents and Senior Vice President. Each participant&#146;s target incentive is expressed as a percentage of his/her base salary (which percentage shall be approved by the Chairman).</FONT></P>
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     <TD width="4%"><B>III.</B></TD>
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<P style="MARGIN-LEFT: 20px"><B>BONUS POOL</B></P>
</TD></TR></TABLE></FONT><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>The officer bonus plans of USCC are discretionary in nature, and are based in part, on company performance, individual performance, and individual bonus targets, which contribute to the formation and size of an aggregate bonus pool for all USCC officers.</FONT></P>
<P align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>This officer bonus pool is determined by taking each officer&#146;s target annual bonus payout (calculated as a percentage of the officer&#146;s base salary) multiplied by the company / regional performance percentage attainment number achieved under the applicable officers bonus plan. The President and CEO will consider the performance factors </FONT><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>(See Performance Measures in Section IV below) </FONT></B><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>and any other information he deems relevant in determining the amount available under the bonus pool. </FONT><U><FONT face="Arial &#13;&#10;Narrow,Arial,Helvetica,sans-serif" size=2>This pool is not earned, nor are payouts vested until the bonus payout date</FONT></U><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>. </FONT><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>(See Attac
hment I - Administrative Guidelines)</FONT></B></P>
<P align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>The President and CEO determines the actual payout that each officer will receive </FONT><U><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>and is not bound to adhere to any guideline</FONT></U><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>. </FONT><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>However, the sum of all participants&#146; actual awards cannot deviate from the officer bonus pool by + /-18% for 2009. The Chairman must approve all officer bonuses prior to payout.</FONT></B></P>
<P align=left><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>
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     <TD width="4%"><B>IV.</B>&nbsp;</TD>
     <TD width="96%">
<P style="MARGIN-LEFT: 20px"><B>PERFORMANCE MEASURES</B></P>
</TD></TR></TABLE></FONT><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>The following performance measures, using weights and definitions as approved by the Chairman, will be considered in evaluating the achievements of the officer team for the purposes of this Plan. These components were selected as the best measures of USCC&#146;s growth and success, and are consistent with those used for other levels of USCC management. Payouts based on each of these measures will be evaluated using the 2009 Executive Officer Annual Incentive Plan Matrices and the relative weighting of each measure that are approved by the Chairman.</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=center bgColor=#c0c0c0><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>Performance Measures</FONT></B>&nbsp;</TD></TR>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=left bgColor=#c0c0c0><B><I><FONT face=ArialNarrow-BoldItalic,Arial,Helvetica,sans-serif size=2><U>Growth Factors</U></FONT></I></B><U>&nbsp;</U></TD></TR>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>* Customer Addition Equivalents</FONT>&nbsp;</TD></TR>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>* Customer Defections</FONT>&nbsp;</TD></TR>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>* Consolidated Revenue</FONT>&nbsp;</TD></TR>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=left bgColor=#c0c0c0><B><I><FONT face=ArialNarrow-BoldItalic,Arial,Helvetica,sans-serif size=2><U>Profit Factors</U></FONT></I></B><U>&nbsp;</U></TD></TR>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid" align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>* Return on Capital</FONT>&nbsp;</TD></TR>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left>&nbsp; &nbsp; &nbsp; &nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>* Consolidated Cash Flow</FONT>&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=center><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>1</FONT></P>
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     <TD width="4%"><B>V.</B></TD>
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<P style="MARGIN-LEFT: 20px"><B>MISCELLANEOUS PROVISIONS</B></P>
</TD></TR></TABLE></FONT><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Management reserves the right to amend or discontinue the Plan at any time, with or without notice.</FONT></P>
<P align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>There are no oral agreements or understandings between USCC and the participants affecting or relating to this Plan not referenced herein. If the participant fails to adhere to the ethical and legal standards as referenced by USCC policy, USCC shall have the right to revoke this program, reduce or eliminate compensation as it applies to the violator, or any other remedy as provided by corporate policy or law.</FONT></P>
<P align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>This program shall not be construed as an employment contract or as a promise of continuing employment between USCC and the associate. Employment with USCC is terminable at will, i.e.; either the participant or USCC may terminate the relationship at any time, with or without cause.</FONT></P>
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     <TD width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left>&nbsp;</TD></TR>
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     <TD align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif">President and CEO</FONT></TD>
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     <TD align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif">Date</FONT></TD></TR>
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     <TD style="BORDER-TOP: #000000 1pt solid; TEXT-INDENT: 0px" align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif">Chairman</FONT>&nbsp;</TD>
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     <TD style="BORDER-TOP: #000000 1pt solid" align=left><FONT face="Arial Narrow,Arial,Helvetica,sans-serif">Date</FONT>&nbsp;</TD></TR></TABLE><BR>
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<P align=center><FONT face=Arial size=2>2</FONT></P>
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<P align=center><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>Attachment I</FONT></B></P>
<P align=center><B><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif>Administrative Guidelines</FONT></B></P>
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<P style="MARGIN-LEFT: 2px"><FONT face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif size=2>PLAN EFFECTIVE DATES:</FONT></P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>January 1, 2009 &#150; December 31, 2009</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp;</FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>GENERAL&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>ADMINISTRATION:</FONT></FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid" align=left>
<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>The target annual bonus payout for a participant will be based on the associate&#146;s base salary as</FONT> of December 31, 2009.</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp;</FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>VESTING</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid" vAlign=top align=left>
<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>The bonus is not &#145;earned,&#146; and does not vest unless the associate remains employed through</FONT>&nbsp;the actual bonus payout date. Special rules apply to those associates who retire or die before <FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>the actual bonus payout date (see below).</FONT></FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>INDIVIDUAL&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>PERFORMANCE</FONT></FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid" vAlign=top align=left>
<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Any associate who receives a 2009 annual individual performance rating of &#145;Partially Meets</FONT> Expectations (PM),&#146; or &#145;Fails to Meet Expectations (FM),&#146; is not eligible for a 2009 Plan payout.</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>SEPARATION PRIOR&nbsp;TO PAYOUT VESTING&nbsp;DATE&nbsp;</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid" vAlign=top align=left>
<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Not eligible for a payout unless separation is because of retirement or death (see below), or </FONT>unless approved by the Sr. Vice President of Human Resources.</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp;&nbsp; </FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>RETIREMENT/DEATH</FONT>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>Prior to Payout Vesting <FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>Date</FONT></FONT></P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Payout based on a proration for time worked during the plan year (2009), individual </FONT>performance, and the plan attainment percentage assigned by the CEO.</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>LOA (FMLA</FONT><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>) </FONT><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>During Plan</FONT>&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>Year</FONT></P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Full payout made; no prorations.</FONT></P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>LOA (NON-FMLA</FONT><FONT face=Arial-BoldMT,Arial,Helvetica,sans-serif size=2>)&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif>During Plan Year:</FONT></FONT>&nbsp;</P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Payout based on a proration for time worked during the plan year (2009), individual</FONT> performance, and the plan attainment percentage assigned by the CEO.</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
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<P style="MARGIN-LEFT: 2px"><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>MILITARY LEAVE</FONT>&nbsp;</P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Full payout made, provided associate&#146;s performance was meeting expectations.</FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp;</FONT></TD>
     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp;</FONT></TD></TR></TABLE>
<P align=center><FONT face=Arial size=2>3</FONT></P>
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<P style="MARGIN-LEFT: 2px"><FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>TRANSFERS/PROMOTI<FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>ONS DURING PLAN&nbsp;<FONT face=ArialMT,Arial,Helvetica,sans-serif size=2>YEAR</FONT></FONT></FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>
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<P style="MARGIN-LEFT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Within/ Between Annual Plans:</FONT></P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>If an associate is promoted / transferred within or between incentive plan(s), no prorations will&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>be made in determining the bonus pool. The pool allocation will be based on the associate&#146;s&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>plan as of 12/31/09. The actual bonus payout will be recommended by the associate&#146;s&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>immediate leader and approved by the EVP/SVP. It will be based on plan attainment as well as&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>individual performance.&nbsp;</FONT></FONT></FONT></FONT></FONT>&nbsp;</P>
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<P style="MARGIN-LEFT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Between an Annual Plan and&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>a Quarterly or Monthly Plan:</FONT>&nbsp;</FONT>&nbsp;</P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Prorated payouts from both positions/plans will be determined following end of plan year. The&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>following factors will be considered in the determination of the payout: both plans&#146; attainment</FONT>&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>percentages, individual performance in each job/plan, the last base salary from each position&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>occupied during the plan year (if applicable), target incentive assigned for each position&#146;s pay&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>grade, and percentage of time worked in each position/plan during the plan year (2009).</FONT></FONT></FONT></FONT>&nbsp;</P>
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     <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; TEXT-INDENT: 0px; BORDER-BOTTOM: #000000 1pt solid" align=left><FONT size=2>&nbsp; </FONT></TD>
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<P style="MARGIN-LEFT: 2px"><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>NEW HIRES DURING THE</FONT>&nbsp;<FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>PLAN YEAR</FONT>&nbsp;</P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>Associates hired during 2009 will be eligible to participate in the Plan on a prorated (percentage&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>of time worked in the year) basis.</FONT></FONT>&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>The associate must have a start date of at least 11/30/09 in order to be eligible to receive a <FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>prorated payout. Any associate hired between 12/01/09 and 12/31/09 will not receive a payout&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>from the 2009 Plan.</FONT></FONT>&nbsp;</FONT></P>
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<P style="MARGIN-LEFT: 2px"><FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>TRANSFERS TO/ FROM TDS</FONT>&nbsp;<FONT face=ArialNarrow-Bold,Arial,Helvetica,sans-serif size=2>DURING THE PLAN YEAR</FONT></P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>If an associate transfers to/from another TDS business unit, he/she will receive a prorated&nbsp;<FONT face="Arial Narrow,Arial,Helvetica,sans-serif" size=2>payout based on the factors listed above.</FONT></FONT></P>
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<P style="MARGIN-LEFT: 2px"><FONT face=Arial size=2>BONUS PAYOUT DATE</FONT></P>
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<P style="MARGIN-LEFT: 2px; MARGIN-RIGHT: 2px"><FONT face=Arial size=2><FONT face="Arial Narrow">Bonuses are to be paid during the period commencing on January 1, 2010 and ending on March 15, 2010. </FONT><B><U><FONT face="Arial Narrow">Historically bonuses have been paid in March on or before March 15th of each year following the end of the plan effective date (12/31).</FONT></U></B><FONT face="Arial Narrow"> Notwithstanding the foregoing, in the event that payment by March 15, 2010 is administratively impracticable and such impracticability was unforeseeable (in each case, such that the payment continues to qualify as a &#147;short-term deferral&#148; within the meaning of section 409A of the Internal Revenue Code), payment will be made as soon as administratively practicable after March 15, 2010, but in no event later than December 31, 2010. Payment will be in the form of a lump sum.</FONT></FONT></P>
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<P align=right><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=2>Exhibit 99.<FONT face="Times New Roman" size=2>1</FONT></FONT></B></P>
<P align=center><B><I><FONT face="TimesNewRomanPS-BoldItalicMT,Times New Roman,Times,serif" size=2>PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 <BR>
SAFE HARBOR CAUTIONARY STATEMENT</FONT></I></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif" size=2>This Form 8-K&nbsp;contain<FONT face="Times New Roman" size=2>s</FONT> statements that are not based on historical fact<FONT face="Times New Roman" size=2>s</FONT> and represent forward-looking statements, as this term is defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, that address activities, events or developments that United States Cellular Corporation (&#147;U.S. Cellular&#148;)&nbsp;intends, expects, projects, believes, estimates, plans or anticipates will or may occur in the future are forward-looking statements. The words &#147;believes,&#148; &#147;anticipates,&#148; &#147;estimates,&#148; &#147;expects,&#148; &#147;plans,&#148; &#147;intends,&#148; &#147;projects&#148; and similar expressions are intended to identify these forward-looking statements, but are not the exclusive means of identifying them. Such forward-looking statements involve know
n and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be significantly different from any future results, events or developments expressed or implied by such forward-looking statements. Such risks, uncertainties and other factors include those set forth below, as more fully discussed under &#147;Risk Factors&#148; in the most recent filing of U.S. Cellular&#146;s Form 10-K, as updated by any U.S. Cellular Form 10-Q filed subsequent to such Form 10-K. However, such factors are not necessarily all of the important factors that could cause actual results, performance or achievements to differ materially from those expressed in, or implied by, the forward-looking statements contained in this document. Other unknown or unpredictable factors also could have material adverse effects on future results, performance or achievements. U.S. Cellular undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, fut
ure events or otherwise. You should carefully consider the Risk Factors in the most recent filing of U.S. Cellular&#146;s Form 10-K, as updated by any U.S. Cellular Form 10-Q filed subsequent to such Form 10-K, the following factors and other information contained in, or incorporated by reference into, this Form 8-K&nbsp;to understand the material risks relating to U.S. Cellular&#146;s business.</FONT></P>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Intense competition in the markets in which U.S. Cellular operates could adversely affect U.S. Cellular's revenues or </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>increase its costs to compete.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>A failure by U.S. Cellular&#146;s service offerings to meet customer expectations could limit U.S. Cellular&#146;s ability to attract and </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>retain customers and could have an adverse effect on U.S. Cellular&#146;s operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular&#146;s system infrastructure may not be capable of supporting changes in technologies and services expected by </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>customers, which could result in lost customers and revenues.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>An inability to obtain or maintain roaming arrangements with other carriers on terms that are acceptable to U.S. Cellular </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=5><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=5><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular currently receives a significant amount of roaming revenues. As a result of recent acquisitions by other </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>companies in the wireless industry, U.S. Cellular&#146;s roaming revenues have declined. U.S. Cellular anticipates that this trend </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>will <FONT face="Times New Roman" size=2>increase over the next several quarters</FONT>. Further industry consolidation and </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>continued build outs by existing and new wireless carriers could cause roaming revenues to decline even more, which would </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>have an adverse effect on U.S. Cellular&#146;s business, financial condition and results of o
perations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>A failure by U.S. Cellular to obtain access to adequate radio spectrum could have an adverse effect on U.S. Cellular&#146;s </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>business and operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>To the extent conducted by the FCC, U.S. Cellular is likely to participate in FCC auctions of additional spectrum in the </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>future as an applicant or as a non-controlling partner in another auction applicant and, during certain periods, will be </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>subject to the FCC&#146;s anti-collusion rules, which could have an adverse effect on U.S. Cellular.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>An inability to attract and/or retain management, technical, sales and other personnel could have an adverse effect on </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular&#146;s assets are concentrated in the U.S. wireless telecommunications industry. As a result, its results of operations </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>may fluctuate based on factors related entirely to conditions in this industry.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=5><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>The completion of acquisitions has led to increased consolidation in the wireless telecommunications industry. U.S. </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Cellular&#146;s lower scale relative to larger wireless carriers has in the past and could in the future prevent or delay its access to </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>new products including handsets, new technology and/or new content and applications which could adversely affect U.S. </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Cellular&#146;s ability to attract and retain customers and, as a result, could adversely affect its business, financial condition or </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Inability to manage its supply chain or inventory successfully could have an adverse effect on U.S. Cellular&#146;s business, </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in general economic and business conditions, both nationally and in the markets in which U.S. Cellular operates, </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face=Symbol size=2>&#183;</FONT></TD>
     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in various business factors could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Advances or changes in telecommunications technology, such as Voice over Internet Protocol (&#147;VoIP&#148;), High-Speed Packet </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Access, WiMAX or Long-Term Evolution (&#147;LTE&#148;), could render certain technologies used by U.S. Cellular obsolete, could </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>reduce U.S. Cellular&#146;s revenues or could increase its costs of doing business.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=4><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in U.S. Cellular&#146;s enterprise value, changes in the market supply or demand for wireless licenses, adverse </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>developments in the business or the industry in which U.S. Cellular is involved and/or other factors could require </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular to recognize impairments in the carrying value of its license costs, goodwill, customer lists and/or physical </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>assets.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Costs, integration problems or other factors associated with acquisitions/divestitures of properties or licenses and/or </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>expansion of U.S. Cellular&#146;s business could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>A significant portion of U.S. Cellular&#146;s revenues is derived from customers who buy services through independent agents </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>who market U.S. Cellular&#146;s services on a commission basis. If U.S. Cellular&#146;s relationships with these agents are seriously </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>harmed, its revenues could be adversely affected.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular&#146;s investments in technologies which are unproven or for which success has not yet been demonstrated may not </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>produce the benefits that U.S. Cellular expects.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>A failure by U.S. Cellular to complete significant network construction and systems implementation activities as part of its </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>plans to improve the quality, coverage, capabilities and capacity of its network and support systems could have an adverse </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>effect on its operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=5><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Financial difficulties (including bankruptcy proceedings) of U.S. Cellular&#146;s key suppliers or vendors, termination or </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>impairment of U.S. Cellular&#146;s relationships with such suppliers or vendors, or a failure by U.S. Cellular to manage its supply </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>chain effectively could result in delays or termination of U.S. Cellular&#146;s receipt of required equipment or services, or could </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>result in excess quantities of required equipment or services, any of which could adversely affect U.S. Cellular&#146;s business, </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular has significant investments in entities that it does not control. Losses in the value of such investments could </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>have an adverse effect on U.S. Cellular&#146;s financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>A material disruption in U.S. Cellular&#146;s telecommunication networks or information technology, including breaches of </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>network or information technology security, could have an adverse effect on U.S. Cellular&#146;s business, financial condition or </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Wars, conflicts, hostilities and/or terrorist attacks or equipment failures, power outages, natural disasters or other events </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>The market price of U.S. Cellular&#146;s Common Shares is subject to fluctuations due to a variety of factors.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in interpretations of accounting requirements, changes in industry practice, identification of errors or changes in </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>management assumptions could require amendments to or restatements of financial information or disclosures included in </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>this or prior filings with the SEC.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Restatements of financial statements by U.S. Cellular and related matters, including resulting delays in filing periodic </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>reports with the SEC, could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>The existence of material weaknesses in the effectiveness of internal control over financial reporting could result in </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>inaccurate financial statements or other disclosures or failure to prevent fraud, which could have an adverse effect on U.S. </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Cellular&#146;s business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=4><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in facts or circumstances, including new or additional information that affects the calculation of potential liabilities </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>for contingent obligations under guarantees, indemnities or otherwise, could require U.S. Cellular to record charges in </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>excess of amounts accrued in the financial statements, if any, which could have an adverse effect on U.S. Cellular&#146;s financial </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=4><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Early redemptions or repurchases of debt, issuances of debt, changes in operating leases, changes in purchase obligations or </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>other factors or developments could cause the amounts reported under Contractual Obligations in Management's Discussion and Analysis of Financial Condition and Results of Operations contained in U.S. Cellular&#146;s most </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>recent Annual Report on Form 10-K, as updated by the Quarterly Reports on Form 10-Q, to be different from the amounts </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>actually incurred.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>An increase in the amount of U.S. Cellular&#146;s debt in the future could subject U.S. Cellular to higher interest costs and </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>restrictions on its financing, investing and operating activities and could decrease its net income and cash flows.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=4><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Recent market events and conditions, including disruption in credit and other financial markets and the deterioration of U.S. </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>and global economic conditions, could, among other things, impede U.S. Cellular's access to or increase the cost of </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>financing its operating and investment activities and/or result in reduced revenues and lower operating income and cash </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>flows, which would have an adverse effect on U.S. Cellular's financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=4><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Uncertainty of access to capital for telecommunications companies, deterioration in the capital markets, other changes in </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>market conditions, changes in U.S. Cellular&#146;s credit ratings or other factors could limit or restrict the availability of </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>financing on terms and prices acceptable to U.S. Cellular, which could require U.S. Cellular to reduce its construction, </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>development or acquisition programs.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in the regulatory environment or a failure by U.S. Cellular to timely or fully comply with any applicable regulatory </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>requirements could adversely affect U.S. Cellular&#146;s financial condition, results of operations or ability to do business.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in USF funding and/or intercarrier compensation could have a material adverse impact on U.S. Cellular&#146;s financial </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>position or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Changes in income tax rates, laws, regulations or rulings, or federal or state tax assessments could have an adverse effect on </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>U.S. Cellular&#146;s financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Settlements, judgments, restraints on its current or future manner of doing business and/or legal costs resulting from pending </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>and future litigation could have an adverse effect on U.S. Cellular&#146;s financial condition, results of operations or ability to do </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>business.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=4><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>The possible development of adverse precedent in litigation or conclusions in professional studies to the effect that radio </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>frequency emissions from handsets, wireless data devices and/or cell sites cause harmful health consequences, including </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>cancer or tumors, or may interfere with various electronic medical devices such as pacemakers, could have an adverse effect </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=4><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Claims of infringement of intellectual property and proprietary rights of others, primarily involving patent infringement </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>claims, could prevent U.S. Cellular from using necessary technology to provide services or subject U.S. Cellular to expensive </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>intellectual property litigation or monetary penalties, which could have an adverse effect on U.S. Cellular&#146;s business, </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>There are potential conflicts of interests between Telephone and Data Systems, Inc. (&#147;TDS&#148;<FONT face="Times New Roman" size=2>), the parent of U.S. Cellular,</FONT>&nbsp;and U.S. Cellular.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Certain matters, such as control by TDS and provisions in the U.S. Cellular Restated Certificate of Incorporation, may serve </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>to discourage or make more difficult a change in control of U.S. Cellular.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=2><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>A failure by U.S. Cellular to successfully execute its business strategy could have an adverse effect on U.S. Cellular&#146;s </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>business, financial condition or results of operations.</FONT></TD></TR>
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     <TD vAlign=top align=left rowSpan=3><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>Any of the foregoing events or other events could cause revenues, customer additions, operating income, capital expenditures </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>and/or any other financial or statistical information to vary from U.S. Cellular&#146;s forward-looking estimates by a material </FONT><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif" size=2>amount.</FONT></TD></TR>
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