Document:

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                                                                   Exhibit 10.19

                    VERIZON WIRELESS EXECUTIVE SAVINGS PLAN

                As Amended & Restated Effective January 1, 2001
<PAGE>

                    VERIZON WIRELESS EXECUTIVE SAVINGS PLAN

         In recognition of the services provided to Cellco Partnership d/b/a
Verizon Wireless (the "Partnership") and participating Affiliated Companies by
certain management and highly compensated employees, the Partnership and
participating Affiliated Companies maintain the Verizon Wireless Executive
Savings Plan (prior to January 1, 2001, the Bell Atlantic Mobile Executive
Savings Plan and prior to August 14, 1997, the Bell Atlantic NYNEX Mobile
Executive Savings Plan) (the "Plan") to provide such employees with retirement
benefits that would otherwise be unavailable by reason of certain restrictive
provisions of law applicable to the Verizon Wireless Savings and Profit Sharing
Retirement Plan (prior to January 1, 2001, the BAM Savings and Profit Sharing
Retirement Plan and prior to August 14, 1997, the BANM Savings and Profit
Sharing Retirement Plan). The Plan was originally adopted, effective July 1,
1995, and was amended and restated, effective December 1, 1998. The Plan is
hereby amended and restated, effective January 1, 2001, in accordance with the
terms and conditions hereinafter set forth.

                               TABLE OF CONTENTS
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ARTICLE 1  DEFINITIONS AND CONSTRUCTION.............................................................       2

ARTICLE 2  BENEFITS.................................................................................       6

ARTICLE 3  DISTRIBUTIONS TO PARTICIPANTS............................................................      10

ARTICLE 4  DEATH BENEFITS...........................................................................      12

ARTICLE 5  VESTING..................................................................................      13

ARTICLE 6  FUNDING..................................................................................      14

ARTICLE 7  ADMINISTRATION...........................................................................      14

ARTICLE 8  AMENDMENT AND TERMINATION................................................................      15

ARTICLE 9  MISCELLANEOUS............................................................................      16

APPENDIX A..........................................................................................      18

APPENDIX B..........................................................................................      20
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<PAGE>

                                   ARTICLE 1

                         DEFINITIONS AND CONSTRUCTION
                         ----------------------------

         Sec. 1.01  Definitions.  Whenever used in this Plan:
                    -----------

         "Affiliate" means Verizon Communications Inc., and such other entities
as may be specified by the Board.

         "Affiliated Company" means (a) any entity which, with the Partnership,
constitutes (1) a "controlled group of corporations" within the meaning of
section 414(b) of the Code, (2) a "group of trades or businesses under common
control" within the meaning of section 414(c) of the Code, or (3) an "affiliated
service group" within the meaning of section 414(m) of the Code or (b) is
required to be aggregated with the Partnership pursuant to Treasury regulations
under section 414(o) of the Code. An entity shall be considered an Affiliated
Company only with respect to such period as the relationship described in the
preceding sentence exists.

         "BAM Plan" means the Plan, as amended and restated effective as of
December 1, 1998, and all amendments subsequent thereto and prior to the
Effective Date.

         "Beneficiary" means any individual or entity designated by a
Participant pursuant to Section 4.02 to receive death benefits described in
Section 4.01 subsequent to the Participant's death.

         "Board" means the Board of Representatives of the Partnership;
provided, however, that as of the IPO Date, the Board shall mean the Board of
Directors of the Company.

         "Change in Control" means: (a) a sale or transfer of more than fifty
percent (50%) of the assets of the Partnership (effective as of the IPO Date, a
sale or transfer of assets of the Company) to an entity other than Verizon
Companies, (b) a sale of partnership interests such that Verizon Companies own
less than fifty percent (50%) of the partnership interests in the Partnership
(effective as of the IPO Date, a sale of stock interests in the Company to an
entity other than Verizon Companies), or (c) a sale of equity interests in the
Partnership (effective as of the IPO Date, a sale of any other equity interests
in the Company to an entity other than Verizon Companies); provided that as a
result of (a), (b), or (c), Verizon Companies cease to have "actual management
control" of the Partnership (effective as of the IPO Date, of the Company); and
provided further, that neither (a) nor (b) nor (c) shall constitute a "Change in
Control" if the transaction at issue is an initial public offering or subsequent
offering or distribution to current partner shareholders (effective as of the
IPO Date, stockholders of the Company). "Actual management control" shall mean
the possession, direct or indirect, of the power to direct or cause the
direction of the management of the Partnership (effective as of the IPO Date,
the Company) as it may be constituted following the event described in (a), (b),
or (c) above (including, without limitation, the power to appoint a majority of
the Board or other comparable governing body of such entity), whether through
the beneficial ownership of voting securities or other ownership interest, by
contract or otherwise, whether the loss of actual management control is
voluntary or

                                      -2-
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involuntary or the result of any merger, tender offer, stock purchase, other
stock acquisition, consolidation, recapitalization, reverse split, or sale or
transfer of assets.

         "Code" means the Internal Revenue Code of 1986, as amended, and any
successor statute of similar nature and purpose.

         "Commissions" means, with respect to a Plan Year, any commissions
actually paid to the Employee in such Plan Year from a Participating Employer.

         "Company" means the Partnership, unless specifically indicated
otherwise herein; provided, however, that as of the IPO Date, "Company" shall
mean Verizon Wireless Inc. and any successor thereto that adopts the Plan,
acting in its capacity as general managing partner of the Partnership. The term
"Company" from July 1, 1995 through March 30, 2000, meant Bell Atlantic Mobile,
Inc. (formerly known as Bell Atlantic NYNEX Mobile, Inc. prior to August 14,
1997), and, from March 31, 2000 until April 3, 2000, the term "Company" meant
NYNEX PCS, Inc.

         "Compensation" means, with respect to a Plan Year, the base salary
anticipated to be paid to the Employee in such Plan Year from a Participating
Employer that, in the aggregate, exceeds $170,000, or such other amount as may
be applicable under section 401(a)(17) of the Code for the Plan Year.

         "Disability" means a permanent disability that qualifies the
Participant for benefits under the Company's long-term disability plan.

         "Effective Date" means January 1, 2001 with respect to the amended and
restated Plan.

         "Eligible Employee" means an Executive who is a member of a select
group of management or highly compensated employees as selected by the Company.

         "Employee" means a person who is employed by an Employer or an
Affiliated Company.

         "Employer" means the Partnership and any Affiliated Company that adopts
this Plan and joins in any corresponding Trust Agreement by action of its board
of directors or other governing body and the Board.

         "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended, and any successor statute of similar nature and purpose.

         "Executive" means any Employee who is employed by a Participating
Employer in a job category or classification that is band B or above, or its
equivalent, as defined in accordance with the Participating Employer's personnel
policies and procedures.

                                      -3-
<PAGE>

         "GTE Pension Plan Participant" means any Participant in the Plan who
continues to participate in the GTE Service Corporation Plan for Employees'
Pensions during the Transition Period.

         "GTE Plan" means the GTE Executive Salary Deferral Plan, as amended and
restated effective as of September 1, 1997; the GTE Corporation Executive
Incentive Plan, as amended and restated effective September 1, 1997; the GTE
Long-Term Incentive Plan, as amended and restated effective September 1, 1997;
and all amendments subsequent thereto and prior to the Effective Date.

         "HR Committee" means the Human Resources Committee of the Board.

         "Interest Rate" means the "Corporate Average" yield of long-term,
high-grade corporate bonds as reported by Moody's Investors Service, or such
other rate designated by the Plan Administrator as the applicable interest rate
for a Plan Year or such shorter period designated by the Plan Administrator.

         "IPO Date" means the date upon which the initial public offering of the
common stock of Verizon Wireless Inc. occurs.

         "Participant" means (a) any Eligible Employee and (b) any former
Eligible Employee who has a balance in his Supplemental Account greater than
zero and who either (1) continues to be employed by the Partnership or an
Affiliated Company, or (2) has a vested interest in all or a portion of his
Supplemental Account pursuant to Article 5 which has not been distributed
pursuant to Article 3 or 4.

         "Participating Employer" means the Partnership and any Affiliated
Company which from time to time participates in the Plan for the benefit of its
Eligible Employees by authorization of the Board or its delegee and the board of
directors of such Affiliated Company.

         "Partnership" means Cellco Partnership d/b/a Verizon Wireless, a
Delaware general partnership, or any successor thereto; provided, however, that
solely for purposes of this Plan, the term "Partnership" shall be deemed to
refer to Verizon Wireless Inc. as of the effective date of the transfer of all
or substantially all of the employees of the Partnership to Verizon Wireless
Inc. or one or more corporations, partnerships or limited liability companies
wholly-owned by Verizon Wireless Inc. on or at some point after the IPO Date.

         "Plan" means the Verizon Wireless Executive Savings Plan (prior to the
Effective Date, the Bell Atlantic Mobile Executive Savings Plan and prior to
August 14, 1997, the Bell Atlantic NYNEX Mobile Executive Savings Plan) as set
forth herein.

         "Plan Administrator" means the person or persons named as such pursuant
to the provisions of Article 7 or, in the absence of any such appointment, the
Partnership.

         "Plan Year" means a calendar year.

                                      -4-
<PAGE>

         "Retirement" means the attainment of age 55 and completion of ten (10)
or more years of employment with the Partnership or an Affiliate.

         "Savings Plan" means the Verizon Wireless Savings and Profit Sharing
Retirement Plan (prior to the Effective Date, the BAM Savings and Profit Sharing
Retirement Plan and prior to August 14, 1997 the BANM Savings and Profit Sharing
Retirement Plan).

         "Separation from Service" means, for any Participant, his termination
of employment that causes him to cease to be an employee of the Partnership or
any Affiliated Company, other than by reason of death.

         "STI Payment" means, with respect to a Plan Year, any short-term
incentive actually paid to the Employee in such Plan Year from a Participating
Employer.

         "Supplemental Account" means entries maintained in the records of the
Plan Administrator which represent a Participant's supplemental savings benefit
under the Plan. The term "Supplemental Account" shall refer, as the context
indicates, to any or all of the following:

         (a)   "Supplemental Employee Contribution Account" means the account
which shows a Participant's salary reduction amounts pursuant to Section 2.01,
earnings and losses attributable thereto pursuant to Section 2.04, and
adjustments for payments made pursuant to Article 3 or 4.

         (b)   "Supplemental Fixed Matching Contribution Account" means the
account which shows amounts credited to a Participant pursuant to Section 2.02,
earnings and losses attributable thereto pursuant to Section 2.04, and
adjustments for payments made pursuant to Article 3 or 4.

         (c)   "Supplemental Profit Sharing Contribution Account" means the
account which shows amounts credited to a Participant pursuant to Section 2.03,
earnings and losses attributable thereto pursuant to Section 2.04, and
adjustments for payments made pursuant to Article 3 or 4.

         (d)   "BAM Transfer Account" means the account which a Participant
accrued while participating in the BAM Plan, immediately prior to the Effective
Date.

         (e)   "GTE Transfer Account" means the account which a Participant
accrued while participating in the GTE Plan, immediately prior to the Effective
Date.

         "Supplemental Employee Contribution" means any before-tax contributions
made by a Participant under the Plan determined in accordance with Section 2.01.

         "Supplemental Fixed Matching Contribution" means an Employer
contribution made pursuant to Section 2.02.

                                      -5-
<PAGE>

         "Supplemental Profit Sharing Contribution" means an Employer
contribution made pursuant to Section 2.03.

         "Transition Period" means the period of January 1, 2001 to December 31,
2004.

         "Valuation Date" means each business day of the Plan Year and each
other date, if any, during the Plan Year which the Plan Administrator determines
that a valuation of the Supplemental Accounts shall be made; provided, however,
that the "Valuation Date" for amounts deemed to be invested in investments that
are not valued each business day shall be determined by the Plan Administrator
under uniform rules established in its sole discretion.

         "Verizon Companies" means Verizon Communications Inc. or any affiliate
or subsidiary or successor thereof.

         Sec. 1.02  Gender and Number.  The masculine pronoun shall include the
                    -----------------
feminine; the singular shall include the plural; and vice versa.

                                   ARTICLE 2

                                   BENEFITS
                                   --------

         Sec. 2.01  Participant Before-Tax Salary Reduction Amounts.
                    -----------------------------------------------

         (a)   In any Plan Year in which an Eligible Employee's before-tax
salary reduction contributions under the Savings Plan are anticipated to be
limited by application of section 401(a)(17) of the Code, the before-tax
contribution amount determined under Section 2.01(b) shall be credited to an
Eligible Employee's Supplemental Employee Contribution Account, and the Eligible
Employee's Compensation for such Plan Year shall be reduced accordingly.

         (b)   At the time of annual enrollment (or within thirty (30) days of
an Eligible Employee's initial date of eligibility) in a format acceptable to
the Plan Administrator, each Eligible Employee may make a before-tax
contribution election for the upcoming Plan Year pursuant to which the Employee
may elect to reduce up to one-hundred percent (100%), in one percent (1%)
increments, of his Compensation for such Plan Year through payroll reductions.
The amount of deferral for each pay period shall equal the Participant's
Compensation for the entire Plan Year divided by the number of payroll periods
during such Plan Year multiplied by the percentage elected by the Participant
applicable for such Plan Year; provided, however, that no before-tax
contribution amount shall be credited to a Participant under Section 2.01(a):

               (i)   on or after the date that the Company determines or
reasonably believes that the Participant will not be affected by section
401(a)(17) of the Code during the Plan Year;

                                      -6-
<PAGE>

               (ii)  on or after the date that the Participant no longer
qualifies as an Eligible Employee during the Plan Year due to a demotion to a
job category or classification that is below band B, or its equivalent, as
defined in accordance with the Participating Employer's personnel policies and
procedures;

               (iii) on or after the date that the Company determines or
reasonably believes that the Participant does not qualify as a "management" or a
"highly compensated employee" under sections 201(2), 301(a)(3), and 401(a)(1) of
ERISA, based upon a judicial or administrative determination or opinion of
counsel; or

               (iv)  during any 12-month suspension on before-tax contributions
which may be required following a hardship withdrawal under the Savings Plan.

         (c)   Subject to such reasonable rules as may be prescribed by the Plan
Administrator, before-tax contribution amounts credited under Section 2.01(a)
shall be credited to a Participant's Supplemental Employee Contribution Account
as of the date any such amount would have been paid to the Participant under the
Participating Employer's normal business practices.

         (d)   In addition to a before-tax contribution election with respect to
Compensation, at the time of annual enrollment (or within thirty (30) days of an
Eligible Employee's initial date of eligibility) in a format acceptable to the
Plan Administrator, each Eligible Employee may make a separate before-tax
contribution election for the upcoming Plan Year pursuant to which the Employee
may elect to reduce up to one-hundred percent (100%), in one percent (1%)
increments, of any STI Payments and Commissions he receives during such Plan
Year through payroll reductions. Any before-tax contribution amount determined
under this subsection (d) shall be credited to an Eligible Employee's
Supplemental Employee Contribution Account under the Plan, and such Eligible
Employee's STI Payments and Commissions shall be reduced accordingly.

         (e)   Subject to such reasonable rules as may be prescribed by the Plan
Administrator, before-tax contribution amounts credited under Section 2.01(d)
shall be credited to a Participant's Supplemental Employee Contribution Account
as of the date any such amount would have been paid to the Participant under the
Participating Employer's normal business practices for payment of STI Payments
and Commissions.

         (f)   If the Plan Administrator determines, in its sole discretion,
that a Participant has incurred unusual, extraordinary expenses or hardship
caused by events beyond the Participant's control, such as accident or illness,
the Plan Administrator may grant a Participant's request to reduce the amount of
any before-tax contribution election at any time, provided that the amount of
the reduction must be limited to the amount reasonably necessary to relieve the
hardship or financial emergency upon which the request is based. A reduction in
the deferral percentage effected pursuant to this subsection (f) shall not
otherwise alter the terms of the Participant's participation in the Plan. The
Plan Administrator may require a Participant who

                                      -7-
<PAGE>

requests a reduction in a before-tax contribution election under this subsection
(f) to submit such evidence as the Plan Administrator, in its sole discretion,
deems necessary or appropriate to substantiate the circumstances upon which the
request is based.

         Sec. 2.02  Supplemental Fixed Matching Contribution Amounts.
                    ------------------------------------------------

         (a)   Subject to Section 2.02(b), the Supplemental Fixed Matching
Contribution Account of each Participant for whom before-tax contribution
amounts are credited under Section 2.01(a) or 2.01(d) for a Plan Year shall be
credited concurrently by the Participating Employer with an amount that is equal
to one-hundred percent (100%) of the Participant's Supplemental Employee
Contributions for such period which are not in excess of six percent (6%) of the
sum of the Participant's Compensation, Commissions, and STI Payments for such
period. Notwithstanding the foregoing, in the event it is anticipated that a
Participant's "compensation" as such term is defined in the Savings Plan will
not in the aggregate exceed $170,000 or such other amount as may be applicable
under section 401(a)(17) of the Code for the Plan Year and the Participant
defers less than one hundred percent (100%) of his Commissions and STI Payments
hereunder, the Participant's Supplemental Fixed Matching Contribution Account
for a Plan Year shall be credited concurrently by the Participating Employer
with an amount that is equal to one-hundred percent (100%) of the first six
percent (6%) of the Participant's Commissions and STI Payments that are deferred
under the Plan, or such greater amount as determined by the Board or its
designee in its sole discretion.

         (b)   During the Transition Period, in lieu of the Supplemental Fixed
Matching Contribution under Section 2.02(a), the Supplemental Fixed Matching
Contribution Account of each GTE Pension Plan Participant for whom before-tax
contribution amounts are credited under Section 2.01(a) or 2.01(d) for a Plan
Year shall be credited by the Participating Employer with an amount that is
equal to seventy-five percent (75%) of the GTE Pension Plan Participant's
Supplemental Employee Contributions for such period which are not in excess of
six percent (6%) of the sum of the GTE Pension Plan Participant's Compensation,
Commissions, and STI Payments for such period. Notwithstanding the foregoing, in
the event it is anticipated that a GTE Pension Plan Participant's "compensation"
as such term is defined in the Savings Plan will not in the aggregate exceed
$170,000 or such other amount as may be applicable under section 401(a)(17) of
the Code for the Plan Year and the GTE Pension Plan Participant defers less than
one hundred percent (100%) of his Commissions and STI Payments hereunder, the
GTE Pension Plan Participant's Supplemental Fixed Matching Contribution Account
for a Plan Year shall be credited concurrently by the Participating Employer
with an amount that is equal to seventy-five percent (75%) of the first six
percent (6%) of the GTE Pension Plan Participant's Commissions and STI Payments
that are deferred under the Plan, or such greater amount as determined by the
Board or its designee in its sole discretion. Following the Transition Period,
the Supplemental Fixed Matching Contribution Account of a GTE Pension Plan
Participant shall be credited in accordance with Section 2.02(a).

         Sec. 2.03  Supplemental Profit Sharing Contributions.
                    -----------------------------------------

                                      -8-
<PAGE>

         (a)   For each Plan Year, the Employer may contribute such amount, if
any, as shall be determined by the Partnership in its sole discretion.

         (b)   Supplemental Profit Sharing Contributions made pursuant to this
Section 2.03 shall be allocated, during the first quarter of the following Plan
Year, to the Supplemental Profit Sharing Contribution Account of all
Participants of such Employer who are eligible for a profit-sharing allocation
under the Savings Plan. The allocation of Supplemental Profit Sharing
Contributions shall be determined in accordance with the Savings Plan, by
crediting each such Supplemental Profit Sharing Contribution Account with an
amount equal to:

               (i)   the profit sharing contributions that would have been made
under the Savings Plan for the Eligible Employee in accordance with the Savings
Plan for the Plan Year if the limitations imposed by Code sections 401(a)(17)
and 415 did not apply, minus

               (ii)  the profit sharing contributions actually made under the
Savings Plan after application of the limitations of Code sections 401(a)(17)
and 415.

For purposes of this Section 2.03(b), a Participant's allocation shall be based
upon compensation as defined under the Savings Plan, except that the
Participant's deferral amounts shall be included in such definition.

         Sec. 2.04  Valuation of Supplemental Accounts.
                    ----------------------------------

         (a)    Pending full distribution pursuant to Article 3 or 4, a
Participant's Supplemental Account shall be (i) credited as described in
Sections 2.01(a), 2.01(d), 2.02, and 2.03(b); (ii) debited by amounts
distributed pursuant to Article 3; and (iii) credited (or debited) with
investment earnings as described in Section 2.04(b).

         (b)   For purposes of measuring the investment earnings to be credited
(or debited) to a Participant's Supplemental Account, the following provisions
shall apply:

               (i)   Subject to Section 2.04(b)(ii) and the Appendices, a
Participant may select, from the investment options selected by the Plan
Administrator, the investment media in which all or part of the Participant's
Supplemental Account shall be deemed to be invested in accordance with
procedures established by the Plan Administrator. Subject to Section 2.04(b)(ii)
and the Appendices, in the absence of a Participant's investment election, a
Participant shall be deemed to have selected, as his investment option, to earn
interest at a rate equal to the Interest Rate on his Supplemental Account.

               (ii)  Any Supplemental Fixed Matching Contribution made pursuant
to Section 2.02 on or after the IPO Date may be deemed invested in the common
stock of the Company, in the sole discretion of the Company.

         (c)   In no event shall any Participant be entitled to have any such
investments made other than on a deemed basis. The Supplemental Accounts
maintained pursuant to this

                                      -9-
<PAGE>

Plan are for bookkeeping purposes only, and neither the Partnership, an
Employer, nor the trustee of any trust established by the Partnership pursuant
to Section 6.01 hereof is under any obligation to invest any amounts credited to
such Supplemental Accounts.

         (d)   The Participant shall make an investment designation (in such
manner as prescribed by the Plan Administrator) which shall remain effective
until another valid direction has been made by the Participant. The Participant
may amend his investment designation at such times, in such manner, and subject
to such restrictions as may be prescribed by the Plan Administrator. A timely
change to the Participant's investment designation shall become effective as
soon as administratively practicable. The investment funds deemed to be made
available to the Participant, any limitation on the maximum or minimum
percentages of the Participant's Supplemental Account that may be deemed to be
invested in any particular fund, and any restrictions on specific investment
options shall be the same as from time-to-time communicated to the Participant
by the Plan Administrator.

         (e)   Upon any distribution made to a Participant under Article 3,
subject to the vesting provisions of Article 5, a Participant shall be entitled
to the portion of his Supplemental Account balance relating to the distribution
as of the Valuation Date used to calculate such distribution.

                                   ARTICLE 3

                         DISTRIBUTIONS TO PARTICIPANTS
                         -----------------------------

         Sec. 3.01  Separation from Service.
                    -----------------------

         (a)   Except as provided in Sections 3.03, 3.04, 3.05, and 3.06, no
Participant shall have any right to receive a distribution or make any
withdrawal from the Plan, prior to the Participant's Separation from Service.

         (b)   By January 31 of the calendar year following the calendar year in
which a Participant's Separation from Service occurs, the Participant shall
receive all vested amounts credited to his Supplemental Account at the time of
his Separation from Service in a single cash payment.

         (c)   Notwithstanding the foregoing, any Participant's distribution
election made with respect to a BAM Transfer Account prior to the Effective Date
shall remain in effect for such Account in accordance with Appendix A.

         (d)   Notwithstanding the foregoing, any Participant's distribution
election made with respect to a GTE Transfer Account prior to the Effective Date
shall remain in effect for such Account in accordance with Appendix B.

         Sec. 3.02  Retirement.
                    ----------

                                      -10-
<PAGE>

         (a)   In any calendar year prior to the date amounts will be paid to a
Participant pursuant to Section 3.01(b) and at least six (6) months prior to
such payment date, a Participant whose Separation of Service is on account of
Retirement may elect, in a format acceptable to the Plan Administrator, to
receive payment of his vested Supplemental Account in equal annual, quarterly,
or monthly cash installments over a period from two (2) to twenty (20) years.

         (b)   Notwithstanding a Participant's election to receive installment
payments in accordance with Section 3.02(a), if a Participant's vested
Supplemental Account does not exceed one-hundred thousand dollars ($100,000),
the Participant shall receive the value of such Supplemental Account in a single
cash payment, without the Participant's consent.

         Sec. 3.03  Distribution Upon a Change in Control.  Notwithstanding
                    -------------------------------------
anything to the contrary under this Plan, upon the occurrence of a Change in
Control, the amount credited to a Participant's Supplemental Account shall be
fully vested and shall immediately become distributable in a single cash payment
as soon as administratively feasible, but not later than thirty
(30) days after the effective date of the Change in Control. Notwithstanding the
foregoing, a Participant may elect, at such time and in such manner as
determined by the Plan Administrator, to defer the receipt of all, but not less
than all, of the distribution otherwise to be made to him hereunder until
payment is made pursuant to Section 3.01(b) on account of his Separation from
Service.

         Sec. 3.04  Hardship Withdrawals Subject to Penalty.
                    ---------------------------------------

         (a)   The Plan Administrator, in its sole discretion and upon written
application of a Participant, may direct immediate payment of all or a portion
of the vested portion of the then current value of such Participant's
Supplemental Account if the Plan Administrator determines that the requested
withdrawal is on account of an immediate and heavy financial need and the
withdrawal is necessary to satisfy such financial need.

               (i)  A distribution shall be deemed to be on account of an
immediate and heavy financial need of a Participant when the distribution is on
account of:

                        (A)  Expenses for medical care described in section
213(d) of the Code incurred by the Participant, the Participant's spouse, or any
dependent of the Participant as defined in section 152 of the Code (or the
distribution is necessary for such persons to obtain such medical care);

                        (B)  Costs directly related to the purchase (excluding
mortgage payments) of a principal residence for the Participant;

                        (C)  Payment of tuition, room and board, and related
educational fees for the next twelve (12) months of post-secondary education for
the Participant, his spouse, children, or dependents;

                                      -11-
<PAGE>

                        (D)  The need to prevent the eviction of the Participant
from his principal residence or foreclosure on the mortgage of his principal
residence; or

                        (E)  Such other circumstances or events as may be
approved by the Plan Administrator.

               (ii)  A withdrawal shall be deemed necessary to satisfy the
financial need of a Participant if the amount of the withdrawal does not exceed
the amount of the Participant's immediate and heavy financial need including, at
the election of the Participant, any amounts necessary to pay any federal,
state, or local income taxes or penalties reasonably anticipated to result from
the distribution.

         (b)   Any amount withdrawn pursuant to Section 3.04(a) shall be deemed
to be made pro-rata from the investment funds in which the Participant's
Supplemental Account are then deemed to be invested.

         (c)   Any amount withdrawn pursuant to Section 3.04(a) shall be subject
to a six percent (6%) early withdrawal penalty.

         Sec. 3.05  Special In-Service Withdrawals.  Subject to the Plan
                    ------------------------------
Administrator's approval, a Participant may elect to withdraw vested amounts
from his Supplemental Account that have been credited to such Supplemental
Account for at least two (2) years in a single cash payment. An election to make
a special in-service withdrawal under this Section 3.05 must be made no later
than the calendar year prior to the calendar year in which the withdrawal is to
be made and at least six (6) months in advance of the elected withdrawal date.
In the event that a Participant incurs a Separation from Service prior to
receiving an elected special in-service withdrawal under this Section 3.05, the
Participant shall receive payment of his vested Supplemental Account in
accordance with Section 3.01 without regard to his special in-service withdrawal
election. A Participant may have only one withdrawal election in effect at one
time.

         Sec. 3.06  Special Withdrawal Provision. Prior to January 1, 2002, a
                    ----------------------------
Participant in the Plan as of December 31, 2000 may make a one-time election to
receive an in-service distribution of all or a portion of his vested
Supplemental Account. Such election shall become irrevocable on December 31,
2001 and the in-service distribution shall be made on January 1, 2004, in
accordance with procedures adopted by the Plan Administrator.

         Sec. 3.07  Distribution Modifications. Subject to the Plan
                    --------------------------
Administrator's approval, a Participant may change a withdrawal election or
distribution election previously made in accordance with Article 3; provided,
however, that no such change shall be effective earlier than a date that is in a
calendar year after the calendar year in which the change is approved by the
Plan Administrator and that is at least six (6) months after the change is
approved by the Plan Administrator.

                                      -12-
<PAGE>

                                   ARTICLE 4

                                DEATH BENEFITS
                                --------------

          Sec. 4.01  Distribution of Supplemental Account Upon Death of
                     --------------------------------------------------
Participant. In the event of a Participant's death prior to the complete
-----------
distribution of his Supplemental Account pursuant to Article 3, the value of the
Participant's remaining vested Supplemental Account under the Plan shall be paid
to the Participant's Beneficiary in a single cash payment as soon as
administratively possible following the Participant's death.

          Sec. 4.02  Designation of Beneficiary.  A Participant's Beneficiary
                     --------------------------
shall be the person or persons so designated by the Participant in a format
acceptable to the Plan Administrator. The Participant may revoke or modify the
designation at any time by a further designation in a format acceptable to the
Plan Administrator. In the event that a Participant fails to properly designate
a Beneficiary, the Beneficiary shall be the Participant's surviving spouse or,
if the Participant does not have a surviving spouse, his estate.

                                   ARTICLE 5

                                    VESTING
                                    -------

          Sec. 5.01  Vesting of Supplemental Account.
                     -------------------------------

          (a)  A Participant shall be fully vested in all contributions
(with adjustment for deemed investment earnings) to his Supplemental Employee
Contribution Account.

          (b)  A Participant shall be fully vested in all contributions to his
Supplemental Fixed Matching Contribution Account and Supplemental Profit Sharing
Account and in deemed investment earnings on each contribution to his
Supplemental Account on the third anniversary of his employment by a
Participating Employer, provided he is employed by a Participating Employer or
an Affiliate on such date.

          (c)  A Participant shall be fully vested in his Supplemental Account
in the event of his death, Disability, or Retirement while employed by a
Participating Employer or an Affiliate.

          (d)  Notwithstanding the foregoing, a Participant shall be fully
vested in all amounts credited to his Supplemental Account as of December 31,
2000 and amounts credited to his BAM Transfer Account and GTE Transfer Account.

          Sec. 5.02  Forfeiture for Cause.
                     --------------------

          (a)  Notwithstanding any provision in the Plan or the Appendices, any
unvested benefit payable under this Plan shall be forfeited in the event of
termination of the

                                      -13-
<PAGE>

Participant's employment or service with the Company or an Affiliate for Cause.

          (b)  "Cause" shall mean, except to the extent specified otherwise by
the Company, a finding by the Plan Administrator that the Participant (i) has
breached his employment contract with the Company or an Affiliate; (ii) has
violated the Company's Employee Code of Business Conduct or other policies of
the Company or an Affiliate; (iii) has engaged in disloyalty to the Company or
an Affiliate, including, without limitation, fraud, embezzlement, theft,
commission of a felony, or proven dishonesty in the course of his employment;
(iv) has disclosed trade secrets or confidential information of the Company or
an Affiliate to persons not entitled to receive such information; (v) has
breached any written noncompetition or nonsolicitation agreement between the
Participant and the Company or an Affiliate; (vi) has engaged in Competitive
Activities (as defined below); or (vii) has engaged in such other behavior
detrimental to the interests of the Company or an Affiliate as the Plan
Administrator determines. "Competitive Activities" means business activities
engaged in at any time in the wireless communications industry within the
Company's or any other Participating Employer's geographic footprint relating to
products or services of the same or similar type of those of the Company or any
other Participating Employer (including products or services the Company or any
other Participating Employer planned to offer in accordance with any Business
Plan approved by the Board prior to the termination of the Participant's
employment).

                                   ARTICLE 6

                                    FUNDING
                                    -------

          Sec. 6.01  Funding of Benefits. The Board may, but shall not be
                     -------------------
required to, authorize the establishment of a trust by the Partnership to serve
as the funding vehicle for the benefits described in Articles 2 and 4 hereof.
The Partnership shall be obligated to provide to any trustee of a trust that is
established pursuant to this Section all information reasonably required by the
trustee to discharge its duties under that trust. In any event, the obligation
of the Partnership hereunder shall constitute a general, unsecured obligation,
payable solely out of general assets, and no Participant shall have any right to
any specific assets of the Partnership.

                                   ARTICLE 7

                                ADMINISTRATION
                                --------------

          Sec. 7.01  Plan Administrator.  The Vice President of Human Resources
                     ------------------
shall be the administrator for purposes of ERISA. However, if no such
administrator is appointed or the position is otherwise vacant, the Company
shall be the Plan Administrator.

          Sec. 7.02  Duties and Powers of Plan Administrator.  The Plan
                     ---------------------------------------
Administrator shall have full power and authority to construe, interpret, and
administer this Plan and may, to the extent permitted by law, make factual
determinations, correct defects, supply

                                      -14-
<PAGE>

omissions, and reconcile inconsistencies to the extent necessary to effectuate
the Plan and, subject to Section 7.03, the Plan Administrator's actions in doing
so shall be final and binding on all persons interested in the Plan. The Plan
Administrator may from time to time adopt rules and regulations governing the
operation of this Plan and may employ and rely on such legal counsel, such
actuaries, such accountants, and such agents as it may deem advisable to assist
in the administration of the Plan.

          Sec. 7.03  Claims Procedure.
                     ----------------

          (a)  The Participating Employer will advise each Participant and
Beneficiary of any benefits to which he is entitled under the Plan. If any
person believes that the Participating Employer has failed to advise him of any
benefit to which he is entitled, he may file a written claim with the Plan
Administrator. The claim shall be reviewed, and a response provided, within a
reasonable time after receiving the claim. In the event that any claim for
benefits is denied in whole or in part, the Participant or Beneficiary whose
claim has been so denied shall be notified of such denial in writing by the Plan
Administrator. The notice advising of the denial shall specify the reason or
reasons for denial, make specific reference to pertinent Plan provisions,
describe any additional material or information necessary for the claimant to
perfect the claim (explaining why such material or information is needed), and
shall advise the Participant or Beneficiary, as the case may be, of the
procedure for the appeal of such denial. All appeals shall be made by the
following procedure:

               (i)   The Participant or Beneficiary whose claim has been denied
shall file with the Plan Administrator a notice of desire to appeal the denial.
Such notice shall be filed within sixty (60) days of notification by the Plan
Administrator of claim denial, shall be made in writing, and shall set forth all
of the facts upon which the appeal is based. Appeals not timely filed shall be
barred.

               (ii)  The Plan Administrator shall consider the merits of the
claimant's written presentations, the merits of any facts or evidence in support
of the denial of benefits, and such other facts and circumstances as the Plan
Administrator shall deem relevant.

               (iii) The Plan Administrator shall ordinarily render a
determination upon the appealed claim within sixty (60) days after its receipt
which determination shall be accompanied by a written statement as to the
reasons therefor. However, in special circumstances the Plan Administrator may
extend the response period for up to an additional sixty (60) days, in which
event it shall notify the claimant in writing prior to commencement of the
extension. The determination so rendered shall be binding upon all parties.

                                   ARTICLE 8

                           AMENDMENT AND TERMINATION
                           -------------------------

                                      -15-
<PAGE>

         Sec. 8.01  Authority to Amend.  The Board or its delegee may amend the
                    ------------------
Plan at any time in any manner whatsoever. Notwithstanding the above, no
amendment shall operate to reduce the benefit that has accrued on behalf of a
Participant on the effective date of the amendment.

         Sec. 8.02  Right to Terminate.  Continuance of the Plan is completely
                    ------------------
voluntary and is not a contractual obligation of the Participating Employers.
The Company shall have the right at any time for any reason to terminate the
Plan, by action of the Board or its delegee; provided, however, that (a) in the
event of Plan termination, each Participant shall become fully vested in his
Supplemental Accounts under the Plan and (b) the Plan termination shall not
operate to reduce the benefit that has accrued on behalf of a Participant on the
effective date of the Plan's termination. Furthermore, each Participating
Employer may discontinue its participation in the Plan at any time.

                                      -16-
<PAGE>

                                   ARTICLE 9

                                 MISCELLANEOUS
                                 -------------

          Sec. 9.01  No Right to Employment.  Nothing contained herein (a) shall
                     ----------------------
be deemed to exclude a Participant from any compensation, bonus, pension,
insurance, severance pay, or other benefit to which he otherwise is or might
become entitled to as an Employee or (b) shall be construed as conferring upon
an Employee the right to continue in the employ of a Participating Employer.

          Sec. 9.02  No Compensation for Other Benefits.  Any amounts payable
                     ----------------------------------
hereunder shall not be deemed salary or other compensation to a Participant for
the purposes of computing benefits to which he may be entitled under any other
arrangement established by a Participating Employer for the benefit of its
employees.

          Sec. 9.03  Rights and Obligations.  The rights and obligations created
                     ----------------------
hereunder shall be binding on a Participant's heirs, executors and
administrators and on the successors and assigns of the Participating Employers.

          Sec. 9.04  Payments to Representatives. If any Participant or
                     ---------------------------
Beneficiary entitled to receive any benefits hereunder is determined by the Plan
Administrator, or is adjudged to be, legally incapable of giving valid receipt
and discharge for such benefits, the benefits shall be paid to a duly appointed
and acting conservator or guardian, or other legal representative of such
Participant or Beneficiary, if any, and if no such legal representative is
appointed and acting, to such person or persons as the Plan Administrator may
designate. Such payments shall, to the extent made, be deemed a complete
discharge for such payments under this Plan.

          Sec. 9.05  Governing Law.  Except to the extent superseded by ERISA,
                     -------------
all questions pertaining to the validity, construction, and operation of the
Plan shall be construed in accordance with and governed by the laws of the State
of New York.

          Sec. 9.06  Nonalienation.  Except as hereinafter provided with respect
                     -------------
to family disputes, the rights of any Participant under this Plan are personal
and may not be assigned, transferred, pledged, or encumbered. Any attempt to do
so shall be void. In cases of family disputes, the Participating Employers will
observe the terms of the Plan unless and until ordered to do otherwise by a
state or Federal court. As a condition of participation, a Participant agrees to
hold the Participating Employers harmless from any claim that arises out of the
Participating Employers' obeying the final order of any state or Federal court,
whether such order effects a judgment of such court or is issued to enforce a
judgment or order of another court. For purposes of this Section 9.06, "family
dispute" means a dispute relating to provision of child support, alimony
payments, or marital property rights to a spouse, former spouse, or other
dependent of the Participant.

          Sec. 9.07  Withholding. If the Participating Employer is required to
                     -----------

                                      -17-
<PAGE>

withhold amounts under applicable federal, state, or local tax laws, rules, or
regulations, the Participating Employer shall be entitled to deduct and withhold
such amounts from any cash payment made pursuant to this Plan.

          Sec. 9.08  Lost Payees.  Any benefit payable under the Plan shall be
                     -----------
deemed forfeited if the Plan Administrator is unable to locate the Participant
or Beneficiary to whom payment is due; provided, however, that such benefit
shall be reinstated if a claim is made by the Participant or Beneficiary for the
forfeited benefit.

          Sec. 9.09  Governing Document.  The Plan shall be the controlling
                     ------------------
document. No other statements, representations, explanatory materials, or
examples, oral or written, may amend the Plan in any manner. The Plan shall be
binding upon and enforceable against the Company and the Partnership and their
successors and assigns.

          IN WITNESS WHEREOF, the Partnership has caused this Plan to be
executed in its name and behalf this __ day of ____________________, 2000, by
its officer thereunto duly authorized.

                                       CELLCO PARTNERSHIP

                                       By:  /s/ Mark Reed
                                           --------------

                                      -18-
<PAGE>

                                  APPENDIX A

                               SPECIAL RULES FOR
                               -----------------
                             BAM TRANSFER ACCOUNTS
                             ---------------------

          Notwithstanding any provision in the Plan to the contrary, the amounts
deemed credited to a Participant's BAM Transfer Account shall be subject to the
following provisions:

          (a)  "BAM Change in Control" means the occurrence of any of the
following events:

               (1)  a sale of more than fifty percent (50%) of the Partnership's
assets to an entity other than Verizon Communications (or its affiliates and
subsidiaries);

               (2)  a sale of partnership interests such that Verizon
Communications (or its affiliates and subsidiaries) own less than fifty percent
(50%) of the partnership interests in the Partnership; or

               (3)  a sale of equity interests in the Partnership, other than
through an IPO, following which Verizon Communications owns less than fifty
percent (50%) of the common stock of the Company.

Upon the occurrence of an IPO, a BAM Change in Control shall mean:

               (1)  An acquisition (other than in a non-control transaction, as
defined in clause (iii) below) following an IPO of any voting securities by any
"person" or "group of persons" (as such terms are used in Sections 13 and 14 of
the Securities Exchange Act of 1934), other than the Partnership, or any
employee benefit plan (or a trust forming a part thereof), maintained by the
Partnership as a result of which such person or group becomes the "beneficial
owner" (as such term is used in Section 13 of the Securities Exchange Act of
1934) of voting securities representing fifteen percent (15%) or more of the
combined voting power of all voting securities then outstanding;

               (2)  The individuals who, as of the IPO Date, are members of the
Board of Directors (the "Incumbent Board"), cease for any reason to constitute
at least two-thirds (2/3) of the Board of Directors; provided, however, that if
the election, or nomination for election by the Company's stockholders, of any
new director was approved by a vote of at least two-thirds (2/3) of the
Incumbent Board, such new director shall, for the purposes of this definition,
be considered a member of the Incumbent Board; provided, further, however, that
no individual shall be considered a member of the Incumbent Board if such
individual initially assumed office as a result of either an actual or
threatened "election contest" (as described in Rule 14a-11 under the Securities
Exchange Act of 1934, as amended) or other actual or threatened solicitation of

                                      -19-
<PAGE>

proxies or consents by or on behalf of any person or group other than the Board
(a "proxy contest"), including by reason of any agreement intended to avoid or
settle any election contest or proxy contest; or

               (3)  The approval by the requisite vote of the Company's
stockholders of:

                    (A)  a merger, consolidation, or reorganization involving
the Partnership unless (1) the stockholders of the members of the Partnership,
immediately before such merger, consolidation, or reorganization, own, directly
or indirectly, immediately following such merger, consolidation, or
reorganization, at least eighty percent (80%) of the combined voting power of
the outstanding voting securities of the corporation, partnership or other
entity surviving such merger, consolidation, or reorganization (the "surviving
corporation"), (2) the individuals who were members of the Incumbent Board
immediately prior to the execution of the agreement providing for such merger,
consolidation or reorganization constitute at least two-thirds (2/3) of the
members of the board of directors of the surviving corporation and (3) no person
(other than the Company, any employee benefit plan (or any trust forming a part
thereof) maintained by the Company, the surviving corporation, or any person
who, immediately prior to such merger, consolidation or reorganization had
beneficial ownership of fifteen percent (15%) or more of the then outstanding
voting securities of the Company) has beneficial ownership of fifteen percent
(15%) or more of the combine voting power of the surviving corporation's then
outstanding voting securities (a transaction meeting the criteria set forth in
the foregoing clauses (1) through (3) being sometimes referred to herein as a
"non-control transaction");

                    (B)  A complete liquidation or dissolution of the
Partnership; or

                    (C)  An agreement for the sale or other disposition of all
or substantially all of the assets of the Partnership to any person (other than
a transfer to a Subsidiary).

          (b)  Installment Election for BAM Transfer Accounts.  In any calendar
               ----------------------------------------------
year prior to the date amounts from a BAM Transfer Account will be paid to a
Participant pursuant to Section 3.01(b) and at least six (6) months prior to
such payment date, a Participant whose Separation of Service is on account of
retirement after his completion of five (5) or more years of employment with the
Company or an Affiliate and his attainment of age fifty-five (55), the
Participant may elect, in a format acceptable to the Plan Administrator, to
receive payment of his BAM Transfer Account in equal annual installments over a
period from two (2) to ten (10) years.

          (c)  BAM Change in Control.  Notwithstanding anything to the contrary
               ---------------------
under this Appendix, upon the occurrence of a BAM Change in Control, the amount
credited to a Participant's BAM Transfer Account on the date of the BAM Change
in Control shall immediately become distributable in a single cash payment. The
payment shall commence as soon as administratively feasible, but not later than
thirty (30) days after the effective date of the BAM Change in Control.
Notwithstanding the foregoing, a Participant may elect, at such time and in such
manner as determined by the Plan Administrator, to defer the receipt of all, but
not

                                      -20-
<PAGE>

less than all, of the distribution otherwise to be made to him hereunder until
the distribution commencement date specified under Section (b) of this Appendix
A.

                                      -21-
<PAGE>

                                  APPENDIX B

                               SPECIAL RULES FOR
                               -----------------
                             GTE TRANSFER ACCOUNTS
                             ---------------------

          Notwithstanding any provision in the Plan to the contrary, the amounts
deemed credited to a Participant's GTE Transfer Account shall be subject to the
following provisions:

          (a)  Definitions.
               -----------

               (1)  "Company" means the Partnership and any corporation or other
entity of which at least eighty percent (80%) (or such lesser amount as the Plan
Administrator may determine) of the voting power of the voting equity securities
or voting interest is owned, directly or indirectly, by the Partnership.

               (2)  "Disability" means Disability as that term is defined in the
GTE Service Corporation Plan for Employees' Pensions, as amended from time to
time.

               (3)  "GTE Change in Control" means the merger between GTE
Corporation and Bell Atlantic Corporation that occurred on June 30, 2000.

               (4)  "Moody's Rate" means the "Corporate Average" yield of long-
term, high-grade corporate bonds as reported by Moody's Investors Service, or
such other substantially similar yield designated by the GTE Plan Administrator
as the applicable interest rate that was in effect under the GTE Plan on the
date immediately preceding the GTE Change in Control.

               (5)  "Retirement" means retirement at age sixty-five (65) without
a service pension pursuant to a Company-sponsored defined benefit pension plan,
retirement at any age with a service pension pursuant to a Company-sponsored
defined benefit pension plan, or retirement with a disability pension pursuant
to a Company-sponsored disability welfare benefit plan.

               (6)  "Rights Plan" means the Rights Agreement, dated as of
December 7, 1989, between GTE Corporation and State Street Bank and Trust
Company (now administered by First National Bank of Boston), as it may be
amended from time to time, or any successor thereto.

               (7)  "Termination" means a separation from service with the
Company for any reason other than Retirement, Disability, or death.

               (8)  "Verizon Communications Stock" means the common stock of

                                      -22-
<PAGE>

Verizon Communications Inc.

          (b)  Timing and Method Election Changes. A Participant may submit a
               ----------------------------------
request at any time to the Plan Administrator to modify the payment commencement
date, the method of payment, or both, with respect to amounts credited to a GTE
Transfer Account; provided that only one such request may be made in any
calendar year; and provided further that the request must be submitted before
any payment is made to the Participant with respect to amounts credited to a GTE
Transfer Account pursuant to this Appendix B (other than an interim payment
pursuant to Section (g) or Section (h) of this Appendix B). If the modification
has the effect of accelerating all or part of any payment otherwise due the
Participant, the request shall be subject to the approval of the Plan
Administrator, which approval the Plan Administrator may grant or deny in its
sole discretion. If the modification has the effect of deferring until a later
calendar year all or part of any payment otherwise due the Participant, the
request shall be granted, provided that the request is submitted at least sixty
(60) days before the last day of the calendar year immediately preceding the
calendar year in which the payment otherwise would have been made to the
Participant under this Appendix B. In no event shall the modification have the
effect of accelerating the first day of the payment commencement year to less
than one (1) year from the date the modification is submitted to the Plan
Administrator.

          (c)  Deemed Investment in Cash. Cash balances under a GTE Transfer
               -------------------------
Account as of the end of the immediately preceding calendar quarter that were
not withdrawn during the calendar quarter shall earn interest for the entire
calendar quarter. The rate at which interest shall be credited for purposes of
this Section shall be the equivalent of an annualized rate equal to the greater
of the Interest Rate, Moody's Rate, or the deemed investment elected by the
Participant.

          (d)  Deemed Investment in Verizon Communications Stock.
               -------------------------------------------------

               (1)  Deemed Investment.  Any amount in a Participant's GTE
                    -----------------
Transfer Account deemed invested in Verizon Communications Stock immediately
prior to the Effective Date shall remain so invested until the Participant
elects to change the deemed investment in Verizon Communications Stock to
another permitted investment option in accordance with Section 2.04(d) of the
Plan; provided, however, no new deemed investments shall be made in Verizon
Communications Stock.

               (2)  Deemed Dividend Reinvestment.  The hypothetical shares of
                    ----------------------------
Verizon Communications Stock credited to a Participant's GTE Transfer Account
shall be increased on each date that a dividend is paid on Verizon
Communications Stock. The number of additional hypothetical shares of Verizon
Communications Stock credited to a Participant's GTE Transfer Account as a
result of such increase shall be determined, first, by multiplying the total
number of hypothetical shares of Verizon Communications Stock credited to the
Participant's GTE Transfer Account on the dividend record date by the amount of
the dividend declared per share of Verizon Communications Stock on the dividend
declaration date, and, then, by dividing the product so determined by the
closing price of Verizon Communications Stock on the composite tape of New York
Stock Exchange issues on the dividend declaration date (or if

                                      -23-
<PAGE>

there was no reported sale of Verizon Communications Stock on such date, on the
next preceding day on which there was such a reported sale).

               (3)  Valuation of Verizon Communications Stock.  The dollar value
                    -----------------------------------------
of the hypothetical shares of Verizon Communications Stock credited to a
Participant's GTE Transfer Account on any date shall be determined by
multiplying the number of hypothetical shares of Verizon Communications Stock
credited to the Participant's GTE Transfer Account on that date by the average
closing price of Verizon Communications Stock, as reported on the composite tape
of New York Stock Exchange issues for the last twenty (20) trading days of the
immediately preceding calendar quarter.

               (4)  Recapitalization.  In the event of a transaction or event
                    ----------------
described in this paragraph (4), the number of hypothetical shares of Verizon
Communications Stock credited to a Participant's GTE Transfer Account shall be
adjusted in such manner as the Plan Administrator, in its sole discretion, deems
equitable. A transaction or event is described in this paragraph (4) if and only
if (A) it is a dividend or other distribution (whether in the form of cash,
shares, other securities, or other property), extraordinary cash dividend,
recapitalization, stock split, reverse stock split, reorganization, merger,
consolidation, split-up, spin-off, combination, repurchase, or exchange of
shares or other securities, the exercisability of stock purchase rights received
under the Rights Plan, the issuance of warrants or other rights to purchase
shares or other securities, or other similar corporate transaction or event, and
(B) the Plan Administrator determines that such transaction or event affects the
shares of Verizon Communications Stock, such that an adjustment pursuant to this
paragraph (4) is appropriate to prevent dilution or enlargement of the benefits
or potential benefits intended to be made available under the Plan.

          (e)  Method of Payment.  Payments to a Participant with respect to
               -----------------
amounts credited to a GTE Transfer Account shall be paid solely in cash in
accordance with paragraph (1) or (2), below, as previously elected by the
Participant in accordance with the GTE Plan.

               (1)  Lump Sum.  A lump sum shall be payable to the Participant as
                    --------
of the first business day of the payment commencement year previously elected.
The lump sum shall equal the portion of the balance in the Participant's GTE
Transfer Account attributable to the annual deferral, determined as of the date
of payment. A lump sum payment option may only have been elected at the time of
deferral if the Participant elected a fixed commencement year at such time. A
lump sum payment may be requested as a different schedule of payments under
paragraphs (A), (B), and (C) of Section (f)(2) of this Appendix B.

               (2)  Installments.  Installment payments shall be payable either
                    ------------
annually or quarterly for a period of between two (2) and twenty (20) years;
provided that the number of years elected by the Participant shall not extend
the period of payments beyond the life expectancy of the Participant as
determined under Table V of Treas. Reg. (S) 1.72-9 (as amended from time to
time), determined on the basis of his age on the date as of which payments would
commence. If the number of years elected by a Participant would otherwise exceed
the limits imposed by the preceding provisions of this paragraph (2), he shall
be deemed to have elected the maximum number of years permitted under such
preceding provisions. Installments shall be

                                      -24-
<PAGE>

payable to the Participant:

                    (A)  if the Participant elected payment commencement in
accordance with Section (f)(1) of this Appendix, beginning as of the first
business day of the year selected as the payment commencement year; or

                    (B)  if the Participant elected payment commencement in
accordance with Section (f)(2) of this Appendix, beginning as of the time
specified in Section (f)(2).

Each installment shall equal the portion of the balance in the Participant's GTE
Transfer Account attributable to the annual deferral, determined as of the date
the installment is payable, multiplied by a fraction the numerator of which is
one, and the denominator of which is the excess of the total number of
installments elected by the Participant over the number of installment payments
previously made under the schedule. For example, the respective fractions under
a five-year schedule of annual installments are 1/5 for the first installment,
1/4 for the second installment, 1/3 for the third installment, 1/2 for the
fourth installment, and 1/1 for the fifth and final installment.

          (f)  Payment Commencement.  Payments to a Participant with respect to
               --------------------
amounts credited to a GTE Transfer Account shall commence in accordance with
paragraph (1) or (2), below, as previously selected by the Participant in
accordance with the GTE Plan.

               (1)  Fixed Commencement Year.  Amounts credited to a
                    -----------------------
Participant's GTE Transfer Account may commence in the specific year previously
selected by the Participant pursuant to the GTE Plan; provided that, if any of
the events described in paragraph (2), below, occur before the payment
commencement date selected, the payment shall commence in accordance with
paragraph (2).

               (2)  Retirement, Termination, Disability, or Death.  Amounts
                    ---------------------------------------------
credited to a Participant's GTE Transfer Account may commence upon the
Participant's Retirement, Termination, Disability, or death as previously
selected by the Participant pursuant to the GTE Plan.

                    (A)  Retirement.  Amounts deferred until Retirement shall be
                         ----------
paid in annual installments over a period of ten (10) years unless, at least
sixty (60) days prior to Retirement, a request is made to the Plan Administrator
asking for a different schedule of payments, in accordance with Section (e) of
this Appendix B; provided that the Plan Administrator may approve or deny such a
request in its sole discretion; provided further that no payment shall be made
until the first business day of the first calendar quarter that begins more than
ninety (90) days after the date of Retirement; and provided further that, if at
the time of Retirement payments have commenced pursuant to paragraph (1) above,
such payments will continue according to the schedule on which they were then
being paid.

                    (B)  Termination.  A Participant who incurs a Termination
                         -----------

                                      -25-
<PAGE>

shall be paid any amounts deferred in annual installments over a period of ten
(10) years or the payment schedule requested, in accordance with Section (e) of
this Appendix B, at the time of Termination, whichever is shorter; provided that
the Plan Administrator, in its sole discretion, may approve or deny any payment
schedule requested at the time of Termination; provided further that no payment
shall be made until the first business day of the first calendar quarter that
begins more than ninety (90) days after the date of Termination; and provided
further that, if at the time of Termination payments have commenced pursuant to
paragraph (1), above, such payments will continue according to the schedule on
which they were then being paid.

                    (C)  Disability.  A Participant who incurs a Disability
                         ----------
shall be paid any amounts deferred in annual installments over a period of ten
(10) years; provided that a Participant at the time of onset of Disability may
elect a fewer number of installments; provided further that the Plan
Administrator, in its sole discretion, may approve or disapprove any payment
schedule elected at the time of onset of Disability; provided further that no
payment shall be made until the first business day of the first calendar quarter
that begins after the date of Disability; and provided further that, if at the
time of the onset of the Disability payment has commenced pursuant to paragraph
(1), above, or the preceding provisions of this paragraph (2), such payments
will continue according to the schedule on which they were then being paid.

                    (D)  Death.  If a Participant dies before receiving any or
                         -----
all of the balance in the Participant's account, the entire balance in the
Participant's account shall be paid as soon as practicable after the
Participant's death in a lump sum to the Beneficiary designated by the
Participant in accordance with Section 4.02 of this Plan, or, if there is no
such Beneficiary, to the Participant's estate.

          (g)  Hardship Withdrawal Without Penalty.  Upon request, the Plan
               -----------------------------------
Administrator may permit the payment of all or part of a Participant's GTE
Transfer Account if the Plan Administrator, in its sole discretion, determines
that the Participant has incurred unusual, extraordinary expenses or hardship
caused by events beyond the Participant's control, such as accident or illness.
The amount that may be withdrawn shall be limited to the amount reasonably
necessary to relieve the hardship or financial emergency upon which the request
is based. The Plan Administrator may require a Participant who requests a
payment under this Section (g) to submit such evidence as the Plan
Administrator, in its sole discretion, deems necessary or appropriate to
substantiate the circumstances upon which the request is based.

          (h)  In-Service Withdrawal With Penalty.  At any time, a Participant
               ----------------------------------
may elect that ninety-four percent (94%) of all (or a designated portion of)
amounts credited to his GTE Transfer Account balance shall be paid to him within
sixty-one (61) days following the filing of such an election; provided that the
Plan Administrator may approve or disapprove such election in its sole
discretion. If a Participant receives a payment pursuant to this Section (h),
the remaining six percent (6%) of the Participant's GTE Transfer Account balance
(or the designated portion thereof) shall be permanently forfeited and shall not
be paid to, or in respect of, the Participant.

          (h)  Rights Protected.  Notwithstanding any provision of the Plan to
               ----------------
the

                                      -26-
<PAGE>

contrary, due to the GTE Change in Control, the following provisions apply:

               (1)   No amendment, suspension, or termination of the Plan, or
revocation of any required approval by the Board or the Plan Administrator,
shall operate to reduce, eliminate, or otherwise adversely affect any
Participant's or beneficiary's right to receive any payment from a GTE Transfer
Account (including, without limitation, the amount, timing, and method thereof)
in accordance with any deferral election made prior to the date of such
amendment, suspension, termination, or revocation of approval and in accordance
with any investment or payment option permitted (irrespective of any requirement
for approval) pursuant to the Plan as in effect on the date immediately
preceding the GTE Change in Control; and

               (2)  No amount credited to a GTE Transfer Account may be
forfeited.

                                      -27-<PAGE>

                                                                   Exhibit 10.21

                                     BANM

              EXECUTIVE TRANSITION AND RETENTION RETIREMENT PLAN

               (As Amended and Restated Effective May 19, 2000)
<PAGE>

                                     BANM

              EXECUTIVE TRANSITION AND RETENTION RETIREMENT PLAN

         In recognition of the services provided to the Cellco Partnership (the
"Partnership") by certain management and highly compensated employees, the
Partnership desires to establish the BANM Executive Transition and Retention
Retirement Plan (the "Plan") as an unfunded plan to provide such employees with
additional retirement benefits. The Plan shall be effective July 1, 1995 under
the terms and conditions hereinafter set forth and amended and restated
effective May 19, 2000.

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                            Page
<S>                                                                         <C>
ARTICLE 1       DEFINITIONS AND CONSTRUCTION.............................      1

Sec. 1.01       Definitions..............................................      1

Sec. 1.02       Gender and Number........................................      4

ARTICLE 2       PARTICIPATION............................................      4

Sec. 2.01       Eligibility to Participate...............................      4

Sec. 2.02       Termination of Participation.............................      4

ARTICLE 3       BENEFITS.................................................      4

Sec. 3.01       Benefit Credits..........................................      4

Sec. 3.02       Credited Interest........................................      4

ARTICLE 4       DISTRIBUTIONS TO PARTICIPANTS............................      5

Sec. 4.01       Distribution of Account..................................      5

Sec. 4.02       Distribution Upon a Change in Control....................      5

Sec. 4.03       Distribution for Tax Payments............................      5

ARTICLE 5       DEATH BENEFITS...........................................      5

Sec. 5.01       Distribution of Account Upon Death of Participant........      5

Sec. 5.02       Designation of Beneficiary...............................      5

ARTICLE 6       VESTING..................................................      6

Sec. 6.01       Vesting of Account.......................................      6

Sec. 6.02       Forfeiture for Cause.....................................      6

ARTICLE 7       FUNDING..................................................      6

Sec. 7.01       Funding of Benefits......................................      6
</TABLE>

                                     -ii-

<PAGE>

<TABLE>
<S>                                                                         <C>

ARTICLE 8       ADMINISTRATION...........................................      6

Sec. 8.01       Plan Administrator.......................................      6

Sec. 8.02       Duties and Powers of Plan Administrator..................      7

Sec. 8.03       Claims Procedure.........................................      7

ARTICLE 9       AMENDMENT AND TERMINATION................................      8

Sec. 9.01       Authority to Amend.......................................      8

Sec. 9.02       Right to Terminate.......................................      8

ARTICLE 10      MISCELLANEOUS............................................      8

Sec. 10.01      No Right to Employment...................................      8

Sec. 10.02      No Compensation for Other Benefits.......................      8

Sec. 10.03      Rights and Obligations...................................      8

Sec. 10.04      Payments to Representatives..............................      8

Sec. 10.05      Governing Law............................................      9

Sec. 10.06      Nonalienation............................................      9

Sec. 10.07      Withholding..............................................      9

Sec. 10.08      Lost Payees..............................................      9

APPENDIX A      Eligible Executives......................................     10
</TABLE>

                                     -iii-
<PAGE>

                                   ARTICLE 1

                          DEFINITIONS AND CONSTRUCTION

  Sec. 1.01    Definitions.  Whenever used in this Plan:

      "Account" means the bookkeeping entry maintained in the records of the
Partnership for each Participant representing the amount credited by the
Partnership on behalf of each Participant under the Plan, and all interest,
earnings, appreciation, depreciation, losses, expenses, or distributions
credited or debited to such account.

      "Administrative Committee" means the Benefits Committee that the
Partnership has charged with responsibility for administration of employee
benefits, or any individual or individuals to whom the Administrative Committee
has delegated some or all of its authority hereunder.

      "Affiliated Company" means (a) any entity which, with the Partnership,
constitutes (1) a "controlled group of corporations" within the meaning of
section 414(b) of the Code, (2) a "group of trades or businesses under common
control" within the meaning of section 414(c) of the Code, or (3) an "affiliated
service group" within the meaning of section 414(m) of the Code or (b) is
required to be aggregated with the Partnership pursuant to Treasury regulations
under section 414(o) of the Code. An entity shall be considered an Affiliated
Company only with respect to such period as the relationship described in the
preceding sentence exists.

      "Beneficiary" means any individual or entity designated by a Participant
pursuant to Section 5.02 to receive death benefits described in Section 5.01
subsequent to the Participant's death.

      "Board" means the Board of Representatives or other governing body of the
Partnership.

      "Change in Control" means the occurrence of any of the following events:

               (i)   a sale of more than 50% of the Partnership's assets to an
entity other than Bell Atlantic Corporation or NYNEX Corporation (or their
affiliates and subsidiaries);

               (ii)  a sale of partnership interests such that Bell Atlantic
Corporation and NYNEX Corporation (or their affiliates and subsidiaries)
together own less than 50% of the partnership interests in the Partnership; or

               (iii) a sale of equity interest in the Partnership, other than
through an IPO, following which Bell Atlantic Corporation and NYNEX Corporation
together own less than 50% of the common stock of the Company.
<PAGE>

      Upon the occurrence of an IPO, Change in Control shall mean:

              (i)   An acquisition (other than in a non-control transaction, as
defined in clause (iii) below) following an IPO of any voting securities by any
"person" or "group of persons" (as such terms are used in Sections 13 and 14 of
the Securities Exchange Act of 1934), other than the Partnership, or any
employee benefit plan (or a trust forming a part thereof), maintained by the
Partnership as a result of which such person or group becomes the "beneficial
owner" (as such term is used in Section 13 of the Securities Exchange Act of
1934) of voting securities representing fifteen percent (15%) or more of the
combined voting power of all voting securities then outstanding;

              (ii)  The individuals who, as of the IPO Date, are members of the
Board (the "Incumbent Board"), cease for any reason to constitute at least
two-thirds of the Board; provided, however, that if the election, or nomination
for election by the Company's stockholders, of any new director was approved by
a vote of at least two-thirds of the Incumbent Board, such new director shall,
for the purposes of this definition, be considered a member of the Incumbent
Board; provided, further, however, that no individual shall be considered a
member of the Incumbent Board if such individual initially assumed office as a
result of either an actual or threatened "election contest" (as described in
Rule 14a-11 under the Securities Exchange Act of 1934, as amended) or other
actual or threatened solicitation of proxies or consents by or on behalf of any
person or group other than the Board (a "proxy contest"), including by reason of
any agreement intended to avoid or settle any election contest or proxy contest;
or

              (iii) The approval by the requisite vote of the Company's
stockholders of:

                       (A)  a merger, consolidation or reorganization involving
the Partnership unless (1) the stockholders of the members of the Partnership,
immediately before such merger, consolidation or reorganization, own, directly
or indirectly, immediately following such merger, consolidation or
reorganization, at least eighty percent (80%) of the combined voting power of
the outstanding voting securities of the corporation, partnership or other
entity surviving such merger, consolidation or reorganization (the "surviving
corporation"), (2) the individuals who were members of the Incumbent Board
immediately prior to the execution of the agreement providing for such merger,
consolidation or reorganization constitute at least two-thirds of the members of
the board of directors of the surviving corporation and (3) no Person (other
than the Company, any employee benefit plan (or any trust forming a part
thereof) maintained by the Company, the surviving corporation, or any Person
who, immediately prior to such merger, consolidation or reorganization had
beneficial ownership of fifteen percent (15%) or more of the then outstanding
voting securities of the Company) has beneficial ownership of fifteen percent
(15%) or more of the combined voting power of the surviving corporations' then
outstanding voting securities (a transaction meeting the criteria set forth in
the foregoing clauses (1) through (3) being sometimes referred to herein as a
"non-control transaction");

                       (B)  A complete liquidation or dissolution of the
Partnership; or

                                       2
<PAGE>

                       (C)  An agreement for the sale or other disposition of
all or substantially all of the assets of the Partnership to any Person (other
than a transfer to a Subsidiary).

      "Code" means the Internal Revenue Code of 1986, as amended, and any
successor statute of similar nature and purpose.

      "Company" means from July 1, 1995 through March 30, 2000, Bell Atlantic
Mobile, Inc. (Bell Atlantic NYNEX Mobile, Inc. prior to August 14, 1997), and
from March 31, 2000 until the Stage I Closing (as defined under the U.S.
Wireless Alliance Agreement dated as of September 21, 1999, between Bell
Atlantic Corporation and Vodafone AirTouch Plc), NYNEX PCS, Inc. acting in its
capacity as general partner of the Partnership.

      "Compensation" means, with respect to a Plan Year, the total base salary
and any bonus under the Bell Atlantic NYNEX Mobile Short Term Incentive Plan
actually paid to the Executive in such Plan Year from the Partnership. For the
short Plan Year beginning July 1, 1995 and ending December 31, 1995,
Compensation shall mean the base salary paid to the Executive in such short Plan
Year.

      "Effective Date" means July 1, 1995 with respect to the original Plan and
May 19, 2000 with respect to the amended and restated Plan.

      "Eligible Executive" means an Executive who is a highly compensated
employee of the Partnership within the meaning of section 414(q)(1)(A) or (B) of
the Code as determined by the Chief Executive Officer of the Partnership and
approved by the Human Resources Committee, as set forth in Section 2.1.

      "Executive" means any individual employed by the Partnership on a
full-time basis.

      "Human Resources Committee" means the Human Resources Committee of the
Board.

      "IPO Date" means the closing date for the IPO.

      "Participant" means (a) any Eligible Executive and (b) any former Eligible
Executive who has a balance in his Account greater than zero and who either (1)
continues to be employed by the Partnership, or (2) has a vested interest in all
or a portion of his Account pursuant to Article 6 which has not been distributed
pursuant to Article 4 or 5.

      "Partnership" means the Cellco Partnership, a Delaware general
partnership, or any successor thereto.

      "Plan" means the BANM Executive Transition and Retention Retirement Plan.

      "Plan Administrator" means the Administrative Committee.

                                       3
<PAGE>

      "Plan Year" means the period beginning July 1, 1995 and ending December
31, 1995 and thereafter each calendar year.

      "Retirement" means attainment of age 55 and completion of five or more
years of employment with the Partnership or an affiliate.

      "Separation from Service" means, for any Participant, his termination of
employment, or any absence that causes him to cease to be an Employee of the
Partnership or any Affiliated Company.

      "Subsidiary" means any corporation with respect to which the Partnership
owns, directly or indirectly, 50% or more of the total combined voting power of
all classes of stock, or any partnership or other entity with respect to which
the Partnership owns, directly or indirectly, 50% or more of the profit interest
or capital interest.

      "Valuation Date" means the last business day of each Plan Year and any
other day upon which the Plan Administrator makes valuations of the Account.

  Sec. 1.02   Gender and Number.  The masculine pronoun shall include the
feminine; the singular shall include the plural; and vice versa.

                                   ARTICLE 2

                                 PARTICIPATION

  Sec. 2.01   Eligibility to Participate.  Each Eligible Executive listed in
Appendix A shall become a Participant in the Plan with respect to the benefit
provided under Article 3 as of the Effective Date. No other Executive will be
eligible for participation under the Plan.

  Sec. 2.02   Termination of Participation. Subject to Section 6.02, once an
Eligible Executive becomes a Participant, the Eligible Executive shall remain a
Participant until termination of employment with the Partnership and thereafter
until all benefits to which the Participant or the Participant's Beneficiary is
entitled under the Plan have been paid.

                                   ARTICLE 3

                                   BENEFITS

  Sec. 3.01   Benefit Credits.

         (a)  With respect to each Plan Year, the Partnership shall credit the
Account of each Participant with an amount equal to the percentage set forth in
Appendix A of the Participant's Compensation.

         (b)  Subject to such reasonable rules as may be prescribed by the Plan
Administrator, the amounts credited under this Section 3.01 shall be credited to
a Participant's

                                       4
<PAGE>

Account on an annual basis, as determined by the Plan Administrator in its sole
discretion, as of the last day of the Plan Year.

         (c) If a Participant has a Separation from Service prior to the end
of the Plan Year, such Participant will be entitled to a credit for the Plan
Year based on his Compensation to his date of Separation from Service.

  Sec. 3.02  Credited Interest. Every January 1, each Account shall be credited
with an interest credit at the rate of 8% (4% for the short Plan Year ending
December 31, 1995) per annum, calculated on the Participant's Account balance as
of the prior day. Upon a Participant's Separation from Service, or upon any
distribution made to a Participant under Section 4.02, a pro rata portion of the
annual interest credit shall be credited for the period through the date that
distribution is made pursuant to Article 4 or 5, based upon the number of days
elapsed since the last crediting of interest, and the Account balance as of the
date of the last prior crediting of interest.

                                   ARTICLE 4

                         DISTRIBUTIONS TO PARTICIPANTS

  Sec. 4.01  Distribution of Account. The amount credited to a Participant's
Account under the Plan shall be paid in a single lump sum to the Participant
within 180 days following the date of his Separation from Service for reasons
other than death. Notwithstanding the foregoing, if a Participant who is an
Employee has a Separation from Service on account of Retirement, or as otherwise
permitted by the Chief Executive Officer of the Partnership, in his sole
discretion, such Participant may elect to receive payment of his Account in
equal annual cash installments over a period from two (2) to ten (10) years
provided that such election is made in a calendar year prior to the date amounts
become payable pursuant to this section, and at least six months prior to the
Participant's Separation from Service.

  Sec. 4.02  Distribution Upon a Change in Control. Notwithstanding anything to
the contrary under this Plan, upon the occurrence of a Change in Control, the
amount credited to a Participant's Account on the date of the Change in Control
shall immediately become distributable in cash in one lump sum. The payment of a
lump sum shall commence as soon as administratively feasible, but not later than
thirty (30) days after the effective date of the Change in Control.
Notwithstanding the forgoing, a Participant may elect, at such time and in such
manner as determined by the Plan Administrator, to defer the receipt of all, but
not less than all, of the distribution otherwise to be made to him hereunder
until the distribution commencement date specified under Section 4.01.

  Sec. 4.03  Distribution for Tax Payments. Notwithstanding any other provision
of the Plan, if the Administrative Committee determines, based on a change in
the tax or revenue laws of the United States of America, a published ruling or
similar announcement issued by the Internal Revenue Service, a regulation issued
by the Secretary of the Treasury or his delegate, a decision by a court of
competent jurisdiction involving a Participant, or a closing agreement involving
a Participant made under section 7121 of the Code that is approved by the
Commissioner, that such Participant or Beneficiary has recognized or will
recognize income for

                                       5
<PAGE>

Federal income tax purposes with respect to deferred benefits that are or will
be payable to the Participant under this Article IV before they otherwise would
be paid to the Participant or the Beneficiary (as applicable), upon the request
of the Participant or Beneficiary, the Administrative Committee shall
immediately make distribution from the Plan to the Participant or Beneficiary of
the amount so taxable in one lump sum.

                                   ARTICLE 5

                                DEATH BENEFITS

  Sec. 5.01  Distribution of Account Upon Death of Participant.  In the event of
a Participant's death, the value of the Participant's Account under the Plan
shall be paid to the Participant's Beneficiary within 90 days following the date
of the Participant's death in cash in a single lump sum.

  Sec. 5.02  Designation of Beneficiary. For purposes of Section 5.01 hereof,
the Participant's Beneficiary shall be the person or persons so designated by
the Participant in a written instrument submitted to the Plan Administrator. In
the event the Participant fails to properly designate a Beneficiary, his
Beneficiary shall be the Participant's surviving spouse or, if none, his estate.

                                   ARTICLE 6

                                    VESTING

  Sec. 6.01  Vesting of Account. A Participant shall be fully vested in his
Account at all times.

  Sec. 6.02  Forfeiture for Cause. Notwithstanding any provision in the Plan,
any benefit payable under this Plan shall be forfeited in the event the
Participant (a) is convicted for conduct arising out of the Participant's
employment relationship with the Partnership or any of its Affiliates; (b)
through willful or grossly negligent misconduct, fails to perform the functions
and assume the responsibilities of his position; (c) violates any provision
contained in his employment agreement, if applicable, relating to competitive
activities or proprietary information; (d) is terminated "for cause" as defined
in his employment agreement, if applicable; or (e) is employed by, or provides
consulting services to, any individual or company which engages in business
activity relating to products or services of the same or similar type as those
of the Partnership or any of its Affiliates (or products or services the
Partnership or any of its Affiliates plans to offer in accordance with a Board
approved business plan), within the United States or any other geographic area
in which the Partnership or any Affiliate is then engaged in business for a
period of six months after a voluntary termination of employment that is not at
the request of the Partnership (unless the voluntary termination is otherwise
permitted under an applicable employment agreement).

                                       6
<PAGE>

                                   ARTICLE 7

                                    FUNDING

  Sec. 7.01  Funding of Benefits. The Board may, but shall not be required to,
authorize the establishment of a trust by the Partnership to serve as the
funding vehicle for the benefits described in Articles 3 and 5 hereof. The
Partnership shall be obligated to provide to any trustee of a trust that is
established pursuant to this Section all information reasonably required by the
trustee to discharge its duties under that trust. In any event, the obligation
of the Partnership hereunder shall constitute a general, unsecured obligation,
payable solely out of general assets, and no Participant shall have any right to
any specific assets of the Partnership.

                                   ARTICLE 8

                                ADMINISTRATION

  Sec. 8.01  Plan Administrator. The Administrative Committee shall be the
administrator of the Plan for purposes of the Employee Retirement Income
Security Act of 1974, as amended from time to time.

  Sec. 8.02  Duties and Powers of Plan Administrator. The Plan Administrator
shall have full power and authority to construe, interpret and administer this
Plan and may, to the extent permitted by law, make factual determinations,
correct defects, supply omissions and reconcile inconsistencies to the extent
necessary to effectuate the Plan and, subject to Section 8.03, the Plan
Administrator's actions in doing so shall be final and binding on all persons
interested in the Plan. The Plan Administrator may from time to time adopt rules
and regulations governing the operation of this Plan and may employ and rely on
such legal counsel, such actuaries, such accountants and such agents as it may
deem advisable to assist in the administration of the Plan.

  Sec. 8.03  Claims Procedure.

         (a)    The Partnership will advise each Participant and Beneficiary of
any benefits to which he is entitled under the Plan. If any person believes that
the Partnership has failed to advise him of any benefit to which he is entitled,
he may file a written claim with the Plan Administrator. The claim shall be
reviewed, and a response provided, within a reasonable time after receiving the
claim. Every claimant who is denied a claim for benefits shall be provided with
written notice setting forth in a manner calculated to be understood by the
claimant:

                (1)  the specific reasons or reasons for the denial;

                (2)  specific reference to pertinent Plan provisions on which
denial is based;

                (3)  a description of any additional material or information
necessary for the claimant to perfect the claim; and

                                       7
<PAGE>

                (4)  an explanation of the claim review procedure set forth in
paragraph (b), below.

          (b)   Within 60 days of receipt by a claimant of a notice denying a
claim under the Plan under paragraph (a), the claimant or his duly authorized
representative may request in writing a full and fair review of the claim by the
Human Resources Committee. The Human Resources Committee may extend the 60-day
period where the nature of the benefit involved or other attendant circumstances
make such extension appropriate. In connection with such review, the claimant or
his duly authorized representative may review pertinent documents and may submit
issues and comments in writing. The Human Resources Committee shall make a
decision promptly, and not later than 60 days after the Human Resources
Committee's receipt of a request for review, unless special circumstances (such
as the need to hold a hearing, if the Human Resources Committee deems one
necessary) require an extension of time for processing, in which case a decision
shall be rendered as soon as possible, but not later than 120 days after receipt
of a request for review. The decision on review shall be in writing and shall
include specific reasons for the decision, written in a manner calculated to be
understood by the claimant, and specific references to the pertinent Plan
provisions on which the decision is based.

                                   ARTICLE 9

                           AMENDMENT AND TERMINATION

  Sec. 9.01  Authority to Amend. The Board or its delegee may amend the Plan at
any time in any manner whatsoever. Notwithstanding the above without the
Participant's advance written consent, no amendment shall operate to reduce (a)
the benefit that has accrued on behalf of a Participant on the effective date of
the amendment or (b) the rate of credit pursuant to Appendix A as long as the
Participant remains an Employee.

  Sec. 9.02  Right to Terminate. Continuance of the Plan is completely voluntary
and is not a contractual obligation of the Partnership. The Partnership shall
have the right at any time for any reason to terminate the Plan, by action of
the Board; provided, however, that the Plan termination shall not operate to
reduce the benefit that has accrued on behalf of a Participant on the effective
date of the Plan's termination. Upon termination of the Plan, the Partnership
may distribute the amount credited to the Participant's Account in one lump sum
as soon as administratively feasible after the termination of the Plan or hold
the amount credited to the Participant's Account until such time as payment
would be normally made pursuant to Article 4 or 5.

                                  ARTICLE 10

                                 MISCELLANEOUS

  Sec. 10.01 No Right to Employment. Nothing contained herein (a) shall be
deemed to exclude a Participant from any compensation, bonus, pension,
insurance, severance pay or other benefit to which he otherwise is or might
become entitled to as an Employee or (b) shall be construed as conferring upon
an Employee the right to continue in the employ of the Partnership.

                                       8
<PAGE>

  Sec. 10.02 No Compensation for Other Benefits. Any amounts payable hereunder
shall not be deemed salary or other compensation to a Participant for the
purposes of computing benefits to which he may be entitled under any other
arrangement established by the Partnership for the benefit of its employees.

  Sec. 10.03 Rights and Obligations. The rights and obligations created
hereunder shall be binding on a Participant's heirs, executors and
administrators of the Partnership and its successors and assigns.

  Sec. 10.04 Payments to Representatives. If any Participant or Beneficiary
entitled to receive any benefits hereunder is determined by the Plan
Administrator, or is adjudged to be, legally incapable of giving valid receipt
and discharge for such benefits, the benefits shall be paid to a duly appointed
and acting conservator or guardian, or other legal representative of such
Participant or Beneficiary, if any, and if no such legal representative is
appointed and acting, to such person or persons as the Plan Administrator may
designate. Such payments shall, to the extent made, be deemed a complete
discharge for such payments under this Plan.

  Sec. 10.05 Governing Law.  Except to the extent superseded by the Employee
Retirement Income Security Act of 1974, as amended, all questions pertaining to
the validity, construction, and operation of the Plan shall be determined in
accordance with and governed by the laws of the State of Delaware.

  Sec. 10.06 Nonalienation. Except as hereinafter provided with respect to
family disputes, the rights of any Participant under this Plan are personal and
may not be assigned, transferred, pledged or encumbered. Any attempt to do so
shall be void. In cases of family disputes, the Partnership will observe the
terms of the Plan unless and until ordered to do otherwise by a state or Federal
court. As a condition of participation, a Participant agrees to hold the
Partnership harmless from any claim that arises out of obeying the final order
of any state or Federal court, whether such order effects a judgment of such
court or is issued to enforce a judgment or order of another court. For purposes
of this Section 10.06, "family dispute" means a dispute relating to provision of
child support, alimony payments, or marital property rights to a spouse, former
spouse or other dependent of the Participant.

  Sec. 10.07 Withholding. If the Partnership is required to withhold amounts
under applicable federal, state or local tax laws, rules or regulations, the
Partnership's shall be entitled to deduct and withhold such amounts from any
cash payment made pursuant to this Plan.

  Sec. 10.08 Lost Payees. Any benefit payable under the Plan shall be deemed
forfeited if the Plan Administrator is unable to locate the Participant or
Beneficiary to whom payment is due; provided, however, that such benefit shall
be reinstated if a claim is made by the Participant or Beneficiary for the
forfeited benefit.

         IN WITNESS WHEREOF, the Partnership has caused this Plan to be executed
in its name and behalf this __ day of ____________________, 2000, by the officer
of the Partnership thereunto duly authorized.

                                       9
<PAGE>

                              Cellco Partnership

                            By: /s/ Mark Reed

                                       10
<PAGE>

                                  APPENDIX A

    ELIGIBLE EXECUTIVES                             CREDIT PERCENTAGE

        Rick Conrad                                        20%
        Dave Benson                                        18%
        Dick Lynch                                         23%
        Mark Tuller                                        20%

                                       11

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