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                                                                   EXHIBIT 10.11

                   RESTRUCTURING MANAGEMENT SERVICES AGREEMENT

     This RESTRUCTURING MANAGEMENT SERVICES AGREEMENT, dated as of January 27,
2003 (the "Agreement"), is by and between iPCS, INC., a Delaware corporation
(the "Company"), and YMS MANAGEMENT, L.L.C., an Illinois limited liability
company ("YMS").

     WHEREAS, certain defaults have occurred under (i) the Amended and Restated
Credit Agreement, dated as of July 12, 2000, by and among iPCS Wireless, Inc.,
the Company, iPCS Equipment, Inc., the lenders named therein, Toronto Dominion
(Texas), Inc., GE Capital Corporation, TD Securities (USA) Inc. and GECC Capital
Markets Group, Inc., as amended from time to time (the "Credit Facility"), and
(ii) that certain Indenture, dated as of July 12, 2000 (the "Indenture"), among
the Company, iPCS Equipment, Inc., iPCS Wireless, Inc. and CTC Illinois Trust
Company, pursuant to which the Company's 14% Senior Discount Notes due 2010 (the
"Notes") were issued;

     WHEREAS, the Company desires to restructure its financial and business
affairs (the "Restructuring");

     WHEREAS, the Company is engaged in discussions with the lenders under the
Credit Facility (the "Lenders") and an ad hoc committee of holders of at least a
majority of the outstanding amount due under the Notes (the "Noteholders") with
respect to the Restructuring and a possible forbearance agreement;

     WHEREAS, the Lenders and the Noteholders have requested that the Company
engage YMS to perform restructuring management and advisory services for the
Company and appoint a Chief Restructuring Officer pursuant to the terms set
forth herein; and

     WHEREAS, YMS desires to perform such services for the Company.

     NOW, THEREFORE, in consideration of the mutual representations, warranties,
covenants, agreements and undertakings contained or referred to herein, the
parties hereto hereby agree as follows:

                                    ARTICLE 1

                             RESTRUCTURING SERVICES

     1.1    ENGAGEMENT AND PROVISION OF SERVICES. The Company hereby engages YMS
to provide, and YMS hereby agrees to provide, restructuring management and
advisory services for the Company (collectively, the "Services"), as requested
by the Chief Restructuring Officer of the Company (the "CRO").

     1.2    USE OF SERVICES. YMS shall be required to provide the Services to
the Company only in connection with the Restructuring of the business as
currently conducted by the Company. YMS shall not be required to provide the
Services with respect to any other business

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conducted by the Company or any of its affiliates. The Company shall not resell
any Services to any person whatsoever or otherwise use the Services in any other
way.

     1.3    RELATIONSHIP OF PARTIES. YMS shall act under this Agreement solely
as an independent contractor and not as an agent, partner, employee or joint
venturer of the Company. Any employees, agents or consultants of YMS rendering
services to the Company pursuant to this Agreement shall not be deemed
employees, agents or consultants of the Company, except with respect to the CRO
as set forth in Section 1.4 below. YMS shall retain the exclusive right of
control with respect to such persons.

     1.4    SPECIAL COMMITTEE; CHIEF RESTRUCTURING OFFICER.

            (a)   As of the date hereof, the Company has formed a special
committee of its Board of Directors (the "Board") charged with the
responsibility of overseeing the Restructuring (the "Special Committee"), the
members of which are William H. Seippel and Eric F. Ensor.

            (b)   The Company hereby appoints Tim Yager ("Yager") as the CRO.
Yager shall devote his full-time business efforts to the performance of his
duties as the CRO. The CRO shall report exclusively to the Special Committee in
connection with this Agreement, and shall coordinate his efforts with those of
Houlihan, Lokey, Howard & Zukin (for so long as their agreement with the Company
remains in effect) so as to avoid unnecessary duplication of services. The
Company shall supply office space and office and support services for use by the
CRO and any related employees of the Company in the Chicago, Illinois area, in
accordance with Section 1.6 below. The CRO shall be vested with such power,
authority and responsibility as is customary for chief restructuring officers,
including, without limitation, the power and authority to:

                  (i)     develop and execute business restructuring solutions
     for the Company, including the direction of, and participation in,
     negotiations with Sprint PCS and creditors of, and potential investors in,
     the Company;

                  (ii)    oversee the day-to-day management of the Company,
     including oversight of employees and officers of the Company;

                  (iii)   hire and terminate the Company's employees, advisors
     and consultants (at the sole expense of the Company);

                  (iv)    direct the timing of all cash expenditures of the
     Company; and

                  (v)     implement a business plan to preserve cash, which plan
     may be substantially similar, on an economic basis, with the "Hibernation"
     plan as previously proposed by the Company.

            (c)   YMS will provide such oral and written reports to the Special
Committee as may be reasonably requested by the Special Committee from time to
time.

            (d)   The power, authority and responsibility vested in the CRO
pursuant to this Agreement or otherwise does not and will not modify or change
the power, authority and

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responsibility of the Board vested in it pursuant to applicable Delaware law or
the bylaws and articles of incorporation of the Company.

     1.5    YMS BUDGET. Within ten (10) days following the date hereof, YMS
shall prepare and submit to the Special Committee a budget of YMS' anticipated
expenses (the "Budget"), including expenses for any staff or consultants that
YMS proposes to hire. Within ten (10) days following the date on which the
Budget is delivered to the Special Committee, the Special Committee shall notify
YMS as to whether it has any objection thereto. The failure of the Special
Committee to object to the Budget within such ten (10) day period shall
constitute its acceptance thereof. If the Special Committee gives notice that it
objects to the Budget and the parties hereto are unable to mutually resolve such
objections, then YMS may terminate this Agreement in accordance with Article 5
hereof.

     1.6    OFFICE SPACE; MUTUAL COOPERATION. The Company and YMS shall
cooperate with each other in connection with the performance and receipt of the
Services under this Agreement, including, without limitation, by developing
reasonable procedures with respect to information sharing, transfer of data and
similar matters. Subject to the Special Committee's approval of the Budget, the
Company shall supply (at the sole expense of the Company) office space and
office and support services to YMS and its employees and consultants (and to the
CRO) as reasonably requested by YMS. In connection with YMS' activities on
behalf of the Company, the Company agrees (i) to furnish YMS with all
information and data concerning the business and operations of the Company which
YMS reasonably requests and (ii) to provide YMS with reasonable access to the
Company's officers, directors, partners, employees, retained consultants,
independent accountants and legal counsel. YMS shall not be responsible for
verifying the truth or accuracy of materials and information received by it
under this Agreement.

                                    ARTICLE 2

                                FEES AND PAYMENT

     2.1    FEES. YMS shall provide the Services to the Company for a weekly fee
of $15,000 (the "Weekly Fee"), payable by the Company in advance in accordance
with Section 2.4 below. The first payment of the Weekly Fee shall be made upon
execution of this Agreement, together with an additional $15,000 advance against
future Weekly Fees, and payments will be made on a weekly basis thereafter such
that a credit balance in the amount of $15,000 shall be maintained at all times.
In addition to the Weekly Fee, the Company shall reimburse YMS for any
reasonable business, travel and other reasonable out-of-pocket expenses incurred
by the CRO or by employees of, or consultants to, YMS, or otherwise incurred in
connection with YMS' performance of the Services, in each case, payable by the
Company in accordance with Section 2.4 below within three business days after
receipt by the Company of an invoice therefor.(1)

----------
(1)  Contemporaneous with the signing of this Agreement, Tim Yager will enter
into a side agreement waiving all future payments under his consulting
agreement.

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     2.2    REIMBURSEMENT. Upon execution of this Agreement, the Company shall
pay YMS $35,000 as reimbursement for expenses incurred in connection with the
execution and delivery of this Agreement and related matters, payable in
accordance with Section 2.4 below.

     2.3    NO SET-OFF. The Company's obligation to pay fees or make any other
required payments under this Agreement shall not be subject to any right of
offset, set-off, deduction or counterclaim, however arising.

     2.4    WIRING INSTRUCTIONS. Unless otherwise specified by YMS in writing,
any and all payments to YMS hereunder shall be paid by wire transfer of
immediately available funds in accordance with wire transfer instructions
supplied from time to time by YMS.

     2.5    CRO COMPENSATION. The compensation provided in this Article 2 shall
be the exclusive compensation for YMS and Yager for services performed hereunder
or as the CRO, other than health care benefits as described in a separate letter
agreement on that subject.

                                    ARTICLE 3

                         REPRESENTATIONS AND WARRANTIES

     3.1    COMPANY REPRESENTATIONS AND WARRANTIES. The Company represents and
warrants to YMS that:

            (a)   ORGANIZATION. The Company has full corporate power and
authority to execute, deliver and perform this Agreement.

            (b)   AUTHORIZATION. The execution, delivery and performance of this
Agreement by the Company, the performance of the transactions contemplated
hereby and the consummation of the transactions contemplated hereby have been
duly and validly authorized by all necessary corporate action on the part of the
Company. This Agreement constitutes the legally valid and binding obligation of
the Company, enforceable against the Company in accordance with its terms,
except as such enforceability may be limited by bankruptcy, insolvency,
reorganization, moratorium and other similar laws and equitable principles
relating to or limiting creditors' rights generally.

            (c)   NO CONFLICTS. The execution, delivery and performance of this
Agreement by the Company does not violate or constitute a breach or default
under (i) the charter or the by-laws of the Company, in each case as in effect
on the date hereof, or (ii) materially violate or constitute a material breach
or default under any note, indenture, mortgage, lease, agreement, contract,
purchase order or other instrument, document or agreement to which the Company
is a party or by which it or any of its property is bound or may be affected.

            (d)   DIRECTORS' AND OFFICERS' INSURANCE. The directors' and
officers' insurance policy of AirGate PCS, Inc. ("AirGate") will insure the CRO
during his tenure to the full extent that such policy covers the officers of the
Company, subject to the conditions and exclusions set forth in such policy, a
copy of which has been provided to Yager and YMS.

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     3.2    YMS REPRESENTATIONS AND WARRANTIES. YMS represents and warrants to
the Company that:

            (a)   ORGANIZATION. YMS has full power and authority to execute,
deliver and perform this Agreement.

            (b)   AUTHORIZATION. The execution, delivery and performance of this
Agreement by YMS, the performance of the transactions contemplated hereby and
the consummation of the transactions contemplated hereby have been duly and
validly authorized by all necessary action on the part of YMS. This Agreement
constitutes the legally valid and binding obligation of YMS, enforceable against
YMS in accordance with its terms, except as such enforceability may be limited
by bankruptcy, insolvency, reorganization, moratorium and other similar laws and
equitable principles relating to or limiting creditors' rights generally.

     3.3    NO CONFLICTS. The execution, delivery and performance of this
Agreement by YMS does not (i) violate or constitute a breach or default under
the organizational documents of YMS as in effect on the date hereof, or (ii)
materially violate or constitute a material breach or default under any note,
indenture, mortgage, lease, agreement, contract, purchase order or other
instrument, document or agreement to which YMS is a party or by which it or any
of its property is bound or may be affected.

                                    ARTICLE 4

                                    COVENANTS

     4.1    BANKRUPTCY. In the event the Company becomes the subject of a
reorganization case under Chapter 11 of the Bankruptcy Code, the Company shall
use its best efforts to obtain the approval of the bankruptcy court of this
Agreement and the transactions contemplated hereby, and shall request such
approval in connection with the "first day motions" to be filed promptly after
the commencement of such reorganization case. In addition, the Company shall use
its best efforts to cause the Claims of any Indemnified Party (each as defined
in Section 6.1 below) under Article 6 of this Agreement to be classified as (or
to have equal priority with) administrative claims in connection with such
reorganization case.

     4.2    SUCCESS FEE. The Company acknowledges that YMS shall be entitled to
an additional fee based on the result of the Restructuring, and that such fee
shall be payable by the Company as a lump sum and/or in equity of the
restructured Company. On or before the 90th day following the date of this
Agreement, the Special Committee and YMS shall begin good faith negotiations of
the criteria on which such fee shall be based and the nature and amount of such
fee (the "Success Fee"). If the parties have not entered into a written
agreement regarding the Success Fee by the 120th day following the date of this
Agreement, YMS may terminate this Agreement as set forth in Article 5 below
(which termination shall not have the effect of canceling the Termination Fee).

     4.3    SALE OR EQUITY INVESTMENT COOPERATION. YMS shall cooperate with all
potential third party investors in connection with either a sale of the Company
or its assets or an equity investment in the Company. Such cooperation shall
include, without limitation, (i) conducting

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and participating in due diligence and management meetings and (ii) providing
all information and data that may be reasonably requested by such potential
investors.

     4.4    CASH FLOW FORECAST. On a weekly basis, YMS shall prepare and
distribute to the Special Committee a rolling 13-week cash flow forecast,
provided that the Company assist YMS in the preparation thereof to the full
extent reasonably requested by YMS or the CRO. The Company hereby agrees to
cooperate with YMS with respect thereto.

                                    ARTICLE 5

                              TERM AND TERMINATION

     5.1    TERM OF SERVICES. YMS shall begin providing the Services on the date
hereof and shall continue to provide the Services until this Agreement is
terminated in accordance with this Article 5 (the "Termination Date").

     5.2    TERMINATION.  This Agreement is terminable:

            (a)   by the written agreement of the parties hereto;

            (b)   by the Company, acting through the Special Committee, at any
time upon written notice to YMS;

            (c)   by YMS at any time upon at least fourteen (14) days prior
written notice to the Company;

            (d)   by YMS pursuant to Section 1.5 above upon written notice to
the Company;

            (e)   by YMS pursuant to Section 4.2 above upon written notice to
the Company and

            (f)   by either of the parties hereto if any permanent injunction or
proceeding by any governmental agency of competent jurisdiction enjoining,
denying approval of or otherwise prohibiting consummation of any of the
transactions contemplated by this Agreement becomes final and nonappealable.

     5.3    EFFECT OF TERMINATION. Upon the termination of this Agreement, (i)
except as set forth herein, the rights and obligations of the parties hereunder
shall terminate; (ii) the rights and obligations of the parties under this
Section 5.3, Section 5.4 and Articles 6, 7 and 8 shall survive the termination
of this Agreement and shall remain in full force and effect notwithstanding such
termination; (iii) YMS shall remain entitled to all outstanding amounts due from
the Company up to the Termination Date; and (iv) the Company shall reimburse YMS
for its out-of-pocket expenses incurred in connection with commitments made by
YMS prior to the Termination Date with respect to (y) advance travel
arrangements, to the extent YMS is unable to obtain refunds of such expenses,
and (z) services that YMS planned to provide in the seven (7) days immediately
following the Termination Date (including the non-cancelable fees, if any, of
employees and consultants employed or engaged by YMS for such seven (7) day
period).

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     5.4    TERMINATION PAYMENT. In the event that (i) this Agreement is
terminated prior to the nine-month anniversary of the date of this Agreement
either (x) by the Company pursuant to Section 5.2(b) or (y) by YMS pursuant to
Section 5.2(e) or (ii) Yager is terminated as the CRO prior to the nine-month
anniversary of the date of this Agreement for any reason, then, promptly upon
such termination, the Company shall pay YMS a lump sum in the amount of $120,000
(the "Termination Fee") in accordance with Section 2.4 above. Notwithstanding
the foregoing, the Company shall have no obligation to pay the Termination Fee
if, prior to the nine-month anniversary of the date of this Agreement: (i) this
Agreement is voluntarily terminated by YMS pursuant to Section 5.2(c) or Section
5.2(d), (ii) Yager voluntarily resigns as the CRO (except under the
circumstances described in Section 4.2), or (iii) this Agreement is terminated
by the Company, or Yager is terminated as the CRO, in either case, for Cause (as
defined below).

     5.5    DEFINITION OF "CAUSE." As used in Section 5.4, the term "Cause"
shall mean (i) a continuing breach by YMS or the CRO, as the case may be, of any
of its or his material obligations hereunder or under applicable law; (ii)
indictment of the CRO to an act of fraud, misappropriation or embezzlement or to
a felony; (iii) the commission of a fraudulent act or practice by YMS or the
CRO; or (iv) gross neglect or gross misconduct by YMS or the CRO, as the case
may be, that relates to the affairs of the Company; provided that with respect
to a termination for Cause under subsection (i) or (iv), to the extent the
relevant breach is curable, YMS or the CRO, as the case may be, shall have
thirty (30) days following his being notified in writing of an intended
termination for Cause to cure such breach specified therein prior to his
officership (or this Agreement) being terminated for Cause.

                                    ARTICLE 6

                          INDEMNIFICATION AND INSURANCE

     6.1    INDEMNIFICATION. The Company (the "Indemnifying Party") shall
indemnify and hold harmless YMS and all of its officers, directors, partners,
principals, shareholders, employees and agents, including the CRO (collectively,
the "Indemnified Party") from and against any and all demands, claims and
actions by third parties, and all liabilities, judgments, settlements, damages,
and reasonable costs and expenses (including reasonable attorneys' fees)
incurred in connection therewith (collectively, "Claims"), by reason of (or
arising in part out of) any event or occurrence related to this Agreement or the
fact that any Indemnified Party is or was an agent, officer, director, employee
or fiduciary of the Company, or by reason of any action or inaction on the part
of any Indemnified Party while serving in such capacity; provided, however, that
this indemnity shall not apply to any portion of any Claims to the extent it is
found in a final judgment by a court of competent jurisdiction to have resulted
primarily from the gross negligence or willful misconduct of the Indemnified
Party. Notwithstanding the foregoing, the Company's obligation to indemnify the
CRO shall be limited to the extent it is consistent with applicable law.

     6.2    EXCULPATION. To the extent permitted by applicable law, neither the
CRO nor any Indemnified Party shall have any liability whatsoever to the
Company, or any person claiming by or through the Company, by reason of (or
arising in part out of) any event or occurrence related to this Agreement or the
fact that any of them is or was an agent, officer, director, employee or
fiduciary of the Company, or by reason of any action or inaction on the part of
any of them while

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serving in such capacity, except to the extent it is found in a final judgment
by a court of competent jurisdiction to have resulted primarily from the gross
negligence or willful misconduct of any of them.

     6.3    INDEMNIFICATION PROCEDURES.

            (a)   The Indemnified Party shall provide prompt written notice of a
Claim to the Indemnifying Party. If the Indemnifying Party so elects or is
requested by the Indemnified Party, the Indemnifying Party will assume the
defense of such action or proceeding, including the employment of counsel
reasonably satisfactory to the Indemnified Party and the payment of the
reasonable fees and disbursements of such counsel. In the event, however, such
Indemnified Party is advised by counsel that having common counsel would present
such counsel with a conflict of interest or if the defendants in, or targets of,
any such action or proceeding include both an Indemnified Party and the
Indemnifying Party, and such Indemnified Party is advised by counsel that there
may be legal defenses available to it or other Indemnified Parties that are
different from or in addition to those available to the Indemnifying Party, or
if the Indemnifying Party fails to assume the defense of the action or
proceeding or to employ counsel reasonably satisfactory to such Indemnified
Party, in either case in a timely manner, then such Indemnified Party may employ
separate counsel to represent or defend it in any such action or proceeding and
the Indemnifying Party will pay the reasonable fees and disbursements of such
counsel. In any action or proceeding the defense of which the Indemnifying Party
assumes, the Indemnified Party will have the right to participate in such
litigation and to retain its own counsel at such Indemnified Party's own
expense.

            (b)   The Indemnifying Party will not, without the prior written
consent of the Indemnified Party (which consent shall not be unreasonably
withheld or delayed), settle or compromise or consent to the entry of any
judgment in any pending or threatened claim, action, suit or proceeding in
respect of which indemnification or contribution may be sought hereunder
(whether or not the Indemnified Party or any other Indemnified Party is an
actual or potential party to such claim, action, suit or proceeding). The
Indemnifying Party shall not be required to indemnify any Indemnified Party for
any amount paid or payable by such party in the settlement or compromise of any
claim or action without the Indemnifying Party's prior written consent.

                                    ARTICLE 7

                                 CONFIDENTIALITY

     7.1    CONFIDENTIALITY. The parties hereto acknowledge that the letter
agreement, dated as of December 26, 2002 (the "Letter Agreement"), between the
Company and Yager regarding confidential information and non-disclosure remains
in full force and effect. YMS agrees that it shall be bound by the terms and
conditions of the Letter Agreement to the same extent as Yager as if YMS were a
party thereto. The Letter Agreement is incorporated herein by this reference.

     7.2    BANK GROUP MATERIALS AND INFORMATION. The Company acknowledges that
YMS has heretofore received from, and may in the future be given by, certain
Lenders and the

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Noteholders, materials and information related to or concerning the Company. Any
and all such information shall be subject to the restrictions set forth in the
Letter Agreement.

                                    ARTICLE 8

                                     GENERAL

     8.1    NOTICES. Any notices or other communications required or permitted
under this Agreement or otherwise in connection with this Agreement shall be in
writing and shall be deemed to have been duly given when delivered in person or
upon confirmation of receipt when transmitted by facsimile transmission or on
receipt after dispatch by registered or certified mail, postage prepaid,
addressed as follows:

            If to the Company:

                  iPCS, Inc.
                  c/o AirGate PCS, Inc.
                  Harris Tower
                  233 Peachtree Street NE, Suite 1700
                  Atlanta, Georgia 30303
                  Facsimile No.: (404) 832-2237
                  Attention: Barbara L. Blackford

            with a copy to:

                  McKenna Long & Aldridge LLP
                  303 Peachtree Street, Suite 5300
                  Atlanta, Georgia 30308
                  Facsimile No.: (404) 527-6794
                  Attention: Frank Layson

            If to YMS:

                  YMS Management, L.L.C.
                  28400 Heritage Oak Road
                  Barrington, Illinois 60010
                  Facsimile No.: (847) 304-5585
                  Attention: Timothy M. Yager

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            with a copy to:

                  Mayer, Brown, Rowe & Maw
                  190 South LaSalle Street
                  Chicago, Illinois 60603
                  Facsimile No.: (312) 706-8218
                  Attention: Paul W. Theiss

or to such other address as the person to whom notice is to be given has
furnished in writing to the other party. A notice of change in address shall not
be deemed to have been given until received by the addressee.

     8.2    HEADINGS. The headings contained in this Agreement are for purposes
of convenience only and shall not affect the meaning or interpretation of this
Agreement.

     8.3    COUNTERPARTS. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute a single instrument.

     8.4    ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
between the parties hereto on the subject matter of this Agreement and
supersedes all prior agreements, understandings and communications, both written
and oral, between the parties hereto with respect to such subject matter.

     8.5    SEVERABILITY. If any provision of this Agreement shall be held
invalid, illegal or unenforceable, the validity, legality or enforceability of
the other provisions of this Agreement shall not be affected, and there shall be
deemed substituted for the provision at issue a valid, legal and enforceable
provision as similar as possible to the provision at issue.

     8.6    GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the domestic laws of the State of Delaware, without giving
effect to any choice or conflict of law provision or rule (whether of the State
of Delaware or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the State of Delaware.

     8.7    BINDING EFFECT. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, successors and
permitted assigns.

     8.8    ASSIGNMENT. This Agreement shall not be assignable by any party
hereto (by operation of law or otherwise) without the prior written consent of
other party hereto; provided, however, that YMS may delegate performance of all
or any part of its obligations under this Agreement to any third parties to the
extent such third party is routinely used to provide such Services, provided
that (i) no such assignment or delegation shall in any way affect YMS's
obligations under this Agreement and (ii) neither YMS nor Yager shall be
permitted to assign or delegate to any person the right, duty or obligation to
serve as the CRO. Any purported assignment or delegation in violation of this
Section 8.8 shall be void.

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     8.9    NO THIRD PARTY BENEFICIARIES. Nothing in this Agreement shall confer
any rights upon any person or entity other than the Company and YMS and each
such party's respective successors and permitted assigns.

     8.10   AMENDMENT; WAIVERS. No amendment, modification or discharge of this
Agreement, and no waiver hereunder, shall be valid or binding unless set forth
in writing and duly executed by authorized representatives of each of the
parties hereto. Any such waiver shall constitute a waiver only with respect to
the specific matter described in such writing and shall in no way impair the
rights of the party granting such waiver in any other respect or at any other
time.

     8.11   FAIR CONSTRUCTION. This Agreement shall be deemed to be the joint
work product of the parties hereto without regard to the identity of the
draftsperson, and any rule of construction that a document shall be interpreted
or construed against the drafting party shall not be applicable.

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     IN WITNESS WHEREOF, the parties hereto have executed this Restructuring
Management Services Agreement as of the date first above written.

                                   iPCS, INC.

                                   By: /s/ Thomas M. Dougherty
                                      ------------------------
                                   Name: Thomas M. Dougherty
                                   Title: President, Chief Executive Officer and
                                   Director (Principal Executive Officer)

                                   YMS MANAGEMENT, L.L.C.

                                   By: /s/ Timothy M. Yager
                                      ---------------------
                                   Name: Timothy M. Yager
                                   Title: Member

                                       12

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                                January 27, 2003

AirGate PCS, Inc.
Harris Tower
233 Peachtree Street NE, Suite 1700
Atlanta, Georgia 30303

Ladies and Gentlemen:

     The purpose of this letter agreement is to reflect the agreement of AirGate
PCS, Inc. ("AirGate"), iPCS Wireless, Inc. ("Wireless") and Timothy M. Yager
("Yager") with respect to various matters in connection with the execution of
the Restructuring Management Services Agreement, dated as of the date hereof
(the "Management Agreement"), by and between iPCS, Inc. ("iPCS") and YMS
Management, L.L.C. ("YMS").

     1.     AIRGATE INDEMNITY.

     AirGate agrees that it will submit and recommend to its Board of Directors,
at the next meeting of the Board of Directors, that AirGate (pursuant to an
amendment to its existing indemnification agreement with Yager) provide Yager
with indemnification against any and all claims arising by reason of his service
as the Chief Restructuring Officer of iPCS. Such indemnification, if approved by
the Board of Directors, would be pursuant to the terms and conditions set forth
in such indemnification agreement, and would be secondary to the indemnification
provided in Article 6 of the Management Agreement.

     2.     iPCS BANKRUPTCY MOTIONS.

     In the event iPCS becomes the subject of a reorganization case under
Chapter 11 of the Bankruptcy Code, each of AirGate, YMS and Yager, in
cooperation with iPCS, shall use its best efforts to obtain the approval of the
bankruptcy court of the Management Agreement, this letter agreement and the
transactions contemplated thereby and hereby, and shall fully support iPCS'
request for such approval in connection with the "first day orders" to be filed
upon the commencement of such reorganization case.

     3.     YAGER EMPLOYMENT AGREEMENT.

     Reference is made to the Amended and Restated Employment Agreement, dated
as of January 1, 2001 (the "Employment Agreement"), between Wireless and Yager.
Effective as of November 30, 2001, Yager terminated his employment with Wireless
and its affiliates pursuant to Exhibit A to the Employment Agreement for Good
Reason (as defined in Section 2 of Exhibit A to the Employment Agreement). Upon
Yager's termination, he remained entitled to the benefits described in Section
5(a) of the Employment Agreement and Exhibit A thereto, which benefits included,
among other things, the payment by the Company to Yager of a consulting fee in
the amount of $400,000 per year.

     Effective as of the date hereof, (i) Wireless hereby waives any and all of
its rights under the Employment Agreement or Exhibit A thereto to request that
Yager continue to provide Consulting Services (as defined in Section 3 of
Exhibit A to the Employment Agreement), and

<Page>

(ii) Yager hereby waives his right to receive any future payments in respect of
his consulting fee or such Consulting Services. Wireless shall continue to have
the obligation to provide, and Yager and his dependents shall continue to have
the right to receive, health benefits pursuant to Section 1(b) of Exhibit A to
the Employment Agreement.

                                                Very truly yours,

                                                /s/ Timothy M. Yager
                                                --------------------

                                                Timothy M. Yager

AGREED AND ACCEPTED,
this 27th day of January, 2003

AIRGATE PCS, INC.

By: /s/ Thomas M. Dougherty
   ------------------------
Name: Thomas M. Dougherty
Title: President, Chief Executive Officer and Director (Principal Executive
Officer)

iPCS WIRELESS, INC.

By: /s/ Thomas M. Dougherty
   ------------------------
Name: Thomas M. Dougherty
Title: President, Chief Executive Officer and Director (Principal Executive
Officer)

                                        2
<Page>

                             FIRST AMENDMENT TO THE
                   RESTRUCTURING MANAGEMENT SERVICES AGREEMENT

     This FIRST AMENDMENT TO THE RESTRUCTURING MANAGEMENT SERVICES AGREEMENT,
dated as of April 4, 2003 (the "First Amendment"), is by and between iPCS, INC.,
a Delaware corporation (the "Company"), and YMS MANAGEMENT, L.L.C., an Illinois
limited liability company ("YMS").

     WHEREAS, Section 4.2 of the Restructuring Management Services Agreement
dated as of January 27, 2003 by and between the Company and YMS (the
"Restructuring Agreement") provides that the parties were to enter into a
written agreement regarding the Success Fee on or before the 120th day following
the date of the Restructuring Agreement; and

     WHEREAS, following extensive negotiations among YMS, representatives of the
secured lenders and representatives of the bondholders (and to avoid YMS having
the right to terminate the Restructuring Agreement), the parties have agreed
upon a formulation for the Success Fee, as detailed below.

     NOW, THEREFORE, in consideration of the mutual representations, warranties,
covenants, agreements and undertakings contained or referred to herein, the
parties hereto hereby agree as follows:

     1.     TERMS. Capitalized terms not defined in this First Amendment shall
have the meanings ascribed to them in the Restructuring Agreement.

     2.     YMS SUCCESS FEE. (a) The Company shall pay YMS the YMS Success Fee
(as defined below) pursuant to the provisions of Section 2.4 of the
Restructuring Agreement upon the earlier to occur of:

                  (i)     the confirmation of a Plan of Reorganization for the
Company pursuant to Section 1129 of the United States Bankruptcy Code (the "
Plan Confirmation"); or

                  (ii)    the closing of any transaction (or initial closing
date of a series of related transactions) pursuant to which one or more persons,
groups of persons, corporations, partnerships, limited liability companies or
other entities (including Sprint Corporation pursuant to the terms of the Sprint
PCS Management Agreement between various affiliates of Sprint Corporation and
the Company, or otherwise) acquire all or substantially all of the Company's
assets, operations or capital stock (currently outstanding or newly issued),
including convertible securities, including, without limitation, by way of any
purchase agreement, merger, consolidation, recapitalization or other business
combination transaction (a "Sale Transaction").

     In addition, the Company shall pay YMS the Incentive Fee (as defined below)
pursuant to the provisions of Section 2.4 of the Restructuring Agreement upon
the closing of any Equity Investment (as defined below) or initial closing of a
series of related Equity Investments.

            (b)   The YMS Success Fee shall consist of the sum of: (i) a fixed
portion (the "Fixed Fee") and (ii) an incentive portion (the "Incentive Fee")
(each of the Fixed Fee and the Incentive Fee, individually and collectively, the
"YMS Success Fee"). The Fixed Fee shall equal

<Page>

$500,000, less 50% of the aggregate Weekly Fee amounts paid to YMS under Section
2.1 of the Restructuring Agreement for services performed by YMS during the
period beginning on the one-year anniversary of the execution of the
Restructuring Agreement through the effective date of the earlier to occur of
the Plan Confirmation or the Sale Transaction. The amount of the reduction of
the Fixed Fee shall not exceed $500,000 (meaning that the Fixed Fee can never be
less than zero). The Fixed Fee portion of the YMS Success Fee shall be payable
only upon the occurrence of the events in either clause (i) or (ii) of
subparagraph 2(a).

            (c)   The Incentive Fee shall be calculated as follows:

                  (i)     in the event of the closing of a Sale Transaction in
which the aggregate fair market value of cash, equity securities or marketable
debt securities received or to be received in a single transaction or series of
related transactions ("Aggregate Proceeds"), as valued at the effective date of
the closing of the Sale Transaction, equals or exceeds $190.0 million, the
Incentive Fee shall equal the lesser of: (A) 1.25% of the Aggregate Proceeds or
(B) $3.5 million; plus

                  (ii)    in the event of the closing of any Equity Investment
(as defined below), the Incentive Fee shall equal 2.00% of the aggregate Equity
Investment received or to be received in a single transaction or series of
related transactions as fairly valued at the effective date of the closing of
any Equity Investment.

            (d)   As used herein, the term "Equity Investment" means any
transaction (or series of related transactions) in which one or more equity
investments are made in the Company or a successor entity (including investments
in the form of securities convertible into, or exchangeable for, equity
securities under any circumstances), whether or not such investment transaction
or participants were first identified by YMS. For avoidance of doubt, conversion
of debt outstanding at the date of the Restructuring Agreement into equity in
the Company shall not constitute an Equity Investment.

            (e)   This paragraph 2 sets forth the only circumstances under which
YMS will be entitled to the YMS Success Fee.

     3.     COUNTERPARTS. This First Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which
together shall constitute a single instrument.

                                        2
<Page>

     IN WITNESS WHEREOF, the parties hereto have executed this First Amendment
as of the date first above written.

                                   iPCS, INC.

                                   By: /s/ Thomas M. Dougherty
                                      ------------------------
                                   Name: Thomas M. Dougherty
                                   Title: President, Chief Executive Officer and
                                   Director (Principal Executive Officer)

                                   YMS MANAGEMENT, L.L.C.

                                   By: /s/ Timothy M. Yager
                                      ---------------------
                                   Name:  Timothy M. Yager
                                   Title: Member

                                        3
<Page>

                                SECOND AMENDMENT
                                       TO
                   RESTRUCTURING MANAGEMENT SERVICES AGREEMENT

     This SECOND AMENDMENT TO RESTRUCTURING MANAGEMENT SERVICES AGREEMENT, dated
as of February ____, 2004 (the "Amendment"), is by and between iPCS, INC., a
Delaware corporation (the "Company"), and YMS MANAGEMENT, L.L.C., an Illinois
limited liability company ("YMS").

     WHEREAS, the Company and YMS are parties to a Restructuring Management
Services Agreement, dated January 27, 2003 (the "Original Agreement"), and a
First Amendment to Restructuring Management Services Agreement, dated April 4,
2003 (the "First Amendment," and together with the Original Agreement, the
"Agreement"), pursuant to which YMS is performing restructuring management and
advisory services for the Company; and

     WHEREAS, the Company and YMS desire to amend the Agreement as set forth
herein.

     NOW, THEREFORE, in consideration of the mutual representations, warranties,
covenants, agreements and undertakings contained or referred to herein, the
parties hereto hereby agree as follows:

     1.     Section 2(b) of the First Amendment is hereby amended by deleting,
     in the second sentence thereof, the words "the one-year anniversary of the
     execution of the Restructuring Agreement," and substituting therefor the
     words "July 1, 2004".

     2.     For purposes of clarification, notwithstanding anything in the
     Agreement that may be construed to the contrary, YMS shall be entitled to
     receive both the Fixed Fee and the Incentive Fee with respect to a Sale
     Transaction in the event that Plan Confirmation occurs prior to the closing
     of such Sale Transaction, provided either that the plan being confirmed
     contemplates the Sale Transaction, or that the Sale Transaction was entered
     into prior to, and was conditioned on, Plan Confirmation. Similarly, YMS
     shall be entitled to receive both the Fixed Fee and the Incentive Fee in
     the event a Sale Transaction closes prior to Plan Confirmation.

     3.     The notice address for the Company set forth in the Original
     Agreement shall be amended to read as follows (with no copies to be sent):

            If to the Company:

                  iPCS, Inc.
                  1901 N. Roselle Rd.
                  Suite 1040
                  Schaumburg, IL 60195

<Page>

                  Facsimile No.: (847) 885-7125

     This Second Amendment may be executed in any number of counterparts, each
of which shall be deemed an original, but all of which together shall constitute
a single instrument. IN WITNESS WHEREOF, the parties hereto have executed this
Second Amendment to Restructuring Management Services Agreement as of the date
first above written.

                                   iPCS, INC.

                                   By: /s/ Patricia M. Greteman
                                      -------------------------
                                   Name: Patricia M. Greteman
                                   Title: Vice President - Controller

                                   YMS MANAGEMENT, L.L.C.

                                   By: /s/ Timothy M. Yager
                                      ---------------------
                                   Name:  Timothy M. Yager
                                   Title: Member

                                        2<Page>

                                                                   EXHIBIT 10.12

                                   IPCS, INC.
                          2004 LONG-TERM INCENTIVE PLAN

<Page>

                                   IPCS, INC.

                                   CERTIFICATE

     I _____________, _____________________, of iPCS, Inc., having in my custody
and possession the corporate records of said corporation, do hereby certify that
attached hereto is a true and correct copy of the iPCS, Inc. 2004 Long-Term
Incentive Plan as in effect as of July 20, 2004.

     WITNESS my hand this _____________.

                                            --------------------------------
                                            As Aforesaid

<Page>

                                   IPCS, INC.
                          2004 LONG-TERM INCENTIVE PLAN

                                    SECTION 1

                                     GENERAL

     1.1  PURPOSE. The iPCS, Inc. 2004 Long-Term Incentive Plan (the "Plan") has
been established by iPCS, Inc. (the "Company") to (i) attract and retain persons
eligible to participate in the Plan; (ii) motivate Participants, by means of
appropriate incentives, to achieve long-range goals; (iii) provide incentive
compensation opportunities that are competitive with those of other similar
companies; and (iv) further align Participants' interests with those of the
Company's other shareholders through compensation that is based on the Company's
common stock; and thereby promote the long-term financial interest of the
Company and the Subsidiaries, including the growth in value of the Company's
equity and enhancement of long-term shareholder return.

     1.2  PARTICIPATION. Subject to the terms and conditions of the Plan, the
Committee shall determine and designate, from time to time, from among the
Eligible Individuals, those persons who will be granted one or more Awards under
the Plan, and thereby become "Participants" in the Plan.

     1.3  OPERATION, ADMINISTRATION, AND DEFINITIONS. The operation and
administration of the Plan, including the Awards made under the Plan, shall be
subject to the provisions of Section 5 (relating to operation and
administration). Capitalized terms in the Plan shall be defined as set forth in
the Plan (including the definition provisions of Section 9).

                                    SECTION 2

                                OPTIONS AND SARS

     2.1  DEFINITIONS.

          (a)  The grant of an "Option" entitles the Participant to purchase
     shares of Stock at an Exercise Price established by the Committee. Any
     Option granted under this Section 2 may be either an incentive stock option
     (an "ISO") or a non-qualified option (an "NQO"), as determined in the
     discretion of the Committee. An "ISO" is an Option that is intended to
     satisfy the requirements applicable to an "incentive stock option"
     described in section 422(b) of the Code. An "NQO" is an Option that is not
     intended to be an "incentive stock option" as that term is described in
     section 422(b) of the Code.

          (b)  A stock appreciation right (an "SAR") entitles the Participant to
     receive, in cash or Stock (as determined in accordance with subsection
     5.7), value equal to (or otherwise based on) the excess of: (a) the Fair
     Market Value of a specified number of shares of Stock at the time of
     exercise; over (b) an Exercise Price established by the Committee.

     2.2  EXERCISE PRICE. The "Exercise Price" of each Option and SAR granted
under this Section 2 shall be established by the Committee or shall be
determined by a method established

<Page>

by the Committee at the time the Option or SAR is granted. The Exercise Price of
an incentive stock option shall not be less than 100% of the Fair Market Value
of a share of Stock on the date of grant (or, if greater, the par value of a
share of Stock).

     2.3  EXERCISE. An Option and an SAR shall become vested and exercisable in
accordance with such terms and conditions and during such periods as may be
established by the Committee and set forth in the applicable Award Agreement;
provided, however, that notwithstanding any vesting dates set by the Committee
in such Award Agreement, the Committee may, in its sole discretion, accelerate
the exercisability of any Option, which acceleration shall not affect the terms
and conditions of such Option other than with respect to exercisability. If an
Option is exercisable in installments, such installments or portions thereof
which become exercisable shall remain exercisable until the Option expires. In
no event, however, shall an Option or SAR expire later than ten years after the
date of its grant.

     2.4  PAYMENT OF OPTION EXERCISE PRICE. The payment of the Exercise Price of
an Option granted under this Section 2 shall be subject to the following:

          (a)  Subject to the following provisions of this subsection 2.4, the
     full Exercise Price for shares of Stock purchased upon the exercise of any
     Option shall be paid at the time of such exercise (except that, in the case
     of an exercise arrangement approved by the Committee and described in
     paragraph 2.4(c), payment may be made as soon as practicable after the
     exercise).

          (b)  Subject to applicable law, the Exercise Price shall be payable in
     cash or by tendering, by either actual delivery of shares or by
     attestation, shares of Stock acceptable to the Committee, and valued at
     Fair Market Value as of the day of exercise, or in any combination thereof,
     as determined by the Committee; provided that, except as otherwise provided
     by the Committee, payments made with shares of Stock in accordance with
     this paragraph (b) shall be limited to shares held by the Participant for
     not less than six months prior to the payment date.

          (c)  Subject to applicable law and the procedures established by the
     Committee, the Committee may permit a Participant to elect to pay the
     Exercise Price upon the exercise of an Option by irrevocably authorizing a
     third party to sell shares of Stock (or a sufficient portion of the shares)
     acquired upon exercise of the Option and remit to the Company a sufficient
     portion of the sale proceeds to pay the entire Exercise Price and any tax
     withholding resulting from such exercise.

     2.5  NO REPRICING. Except for either adjustments pursuant to paragraph
5.2(f) (relating to the adjustment of shares), or reductions of the Exercise
Price approved by the Company's stockholders, the Exercise Price for any
outstanding Option may not be decreased after the date of grant nor may an
outstanding Option granted under the Plan be surrendered to the Company as
consideration for the grant of a replacement Option with a lower exercise price.

     2.6  GRANTS OF OPTIONS AND SARS. An Option may but need not be in tandem
with an SAR, and an SAR may but need not be in tandem with an Option (in either
case, regardless of whether the original award was granted under this Plan or
another plan or arrangement.) If an

                                       -2-
<Page>

Option is in tandem with an SAR, the exercise price of both the Option and SAR
shall be the same, and the exercise of the Option or SAR with respect to a share
of Stock shall cancel the corresponding tandem SAR or Option right with respect
to such share. If an SAR is in tandem with an Option but is granted after the
grant of the Option, or if an Option is in tandem with an SAR but is granted
after the grant of the SAR, the later granted tandem Award shall have the same
exercise price as the earlier granted Award, but the exercise price for the
later granted Award may be less than the Fair Market Value of the Stock at the
time of such grant.

     2.7  REQUIRED NOTICE OF ISO SHARE DISPOSITION. Each Participant awarded an
ISO under the Plan shall notify the Company in writing immediately after the
date he or she makes a disqualifying disposition of any Stock acquired pursuant
to the exercise of such ISO. A disqualifying disposition is any disposition
(including any sale) of such Stock before the later of (A) two years after the
date of grant of the Incentive Stock Option or (B) one year after the date the
Participant acquired the Stock by exercising the ISO.

     2.8  TEN PERCENT SHAREHOLDERS. Notwithstanding anything to the contrary in
this Section 2, if an ISO is granted to a Participant who owns stock
representing more than ten percent of the voting power of all classes of stock
of the Company or of a Subsidiary, the option period shall not exceed five years
from the Date of Grant of such Option and the Exercise Price shall be at least
110 percent of the Fair Market Value (on the Date of Grant) of the Stock subject
to the Option.

                                    SECTION 3

                                FULL VALUE AWARDS

     3.1  DEFINITION. A "Full Value Award" is a grant of one or more shares of
Stock or a right to receive one or more shares of Stock in the future, with such
grant subject to one or more of the following, as determined by the Committee:

          (a)  The grant shall be in consideration of a Participant's previously
     performed services, or surrender of other compensation that may be due.

          (b)  The grant shall be contingent on the achievement of performance
     or other objectives during a specified period.

          (c)  The grant shall be subject to a risk of forfeiture or other
     restrictions that will lapse upon the achievement of one or more goals
     relating to completion of service by the Participant, or achievement of
     performance or other objectives.

The grant of Full Value Awards may also be subject to such other conditions,
restrictions and contingencies, as determined by the Committee.

     3.2  RESTRICTIONS ON AWARDS. The Committee may designate a Full Value Award
granted to any Participant as Performance-Based Compensation. To the extent
required by Code section 162(m), any Full Value Award so designated shall be
conditioned on the achievement of one or more performance objectives. The
performance objectives shall be based on the Performance Measures selected by
the Committee. For Awards under this Section 3 intended to

                                       -3-
<Page>

be Performance-Based Compensation, the grant of the Awards and the establishment
of the Performance Measures shall be made during the period required under Code
section 162(m).

                                    SECTION 4

                              CASH INCENTIVE AWARDS

     A Cash Incentive Award is the grant of a right to receive a payment of cash
(or in the discretion of the Committee, Stock having value equivalent to the
cash otherwise payable) that is contingent on achievement of performance
objectives over a specified period established by the Committee. The grant of
Cash Incentive Awards may also be subject to such other conditions, restrictions
and contingencies, as determined by the Committee. The Committee may designate a
Cash Incentive Award granted to any Participant as Performance-Based
Compensation. To the extent required by Code section 162(m), any such Award so
designated shall be conditioned on the achievement of one or more Performance
Measures, as selected by the Committee. For Awards under this Section 4 intended
to be Performance-Based Compensation, the grant of the Awards and the
establishment of the Performance Measures shall be made during the period
required under Code section 162(m).

                                    SECTION 5

                          OPERATION AND ADMINISTRATION

     5.1  EFFECTIVE DATE. The Plan shall be effective as of the effective date
of the Company's plan of reorganization (the "Effective Date"). In the event of
Plan termination, the terms of the Plan shall remain in effect as long as any
Awards under it are outstanding; provided, however, that no Awards may be
granted under the Plan after the ten-year anniversary of the Effective Date.

     5.2  SHARES AND OTHER AMOUNTS SUBJECT TO PLAN. The shares of Stock for
which Awards may be granted under the Plan shall be subject to the following:

          (a)  The shares of Stock with respect to which Awards may be made
     under the Plan shall be shares currently authorized but unissued or, to the
     extent permitted by applicable law, currently held or acquired by the
     Company as treasury shares, including shares purchased in the open market
     or in private transactions.

          (b)  Subject to the following provisions of this subsection 5.2, the
     maximum number of shares of Stock that may be delivered to Participants and
     their beneficiaries under the Plan shall be equal to 1,000,000 shares of
     Stock.

          (c)  To the extent provided by the Committee, any Award may be settled
     in cash rather than Stock.

          (d)  Only shares of Stock, if any, actually delivered to the
     Participant or beneficiary on an unrestricted basis with respect to an
     Award shall be treated as delivered for purposes of the determination under
     paragraph (b) above, regardless of whether the Award is denominated in
     Stock or cash. Consistent with the foregoing:

                                       -4-
<Page>

               (i) To the extent any shares of Stock covered by an Award are not
          delivered to a Participant or beneficiary because the Award is
          forfeited or canceled, or the shares of Stock are not delivered on an
          unrestricted basis (including, without limitation, by reason of the
          Award being used to satisfy the applicable tax withholding
          obligation), such shares shall not be deemed to have been delivered
          for purposes of the determination under paragraph (b) above.

               (ii) If the exercise price of any Option granted under the Plan
          or any Prior Plan, or the tax withholding obligation with respect to
          any Award granted under the Plan or any Prior Plan, is satisfied by
          tendering shares of Stock to the Company (by either actual delivery or
          by attestation), only the number of shares of Stock issued net of the
          shares of Stock tendered shall be deemed delivered for purposes of
          determining the number of shares of Stock available for delivery under
          the Plan.

          (e)  Subject to paragraph 5.2(f), the following additional maximums
     are imposed under the Plan.

               (i) The maximum number of shares of Stock that may be delivered
          to Participants and their beneficiaries with respect to ISOs granted
          under the Plan shall be 1,000,000 shares; provided, however, that to
          the extent that shares not delivered must be counted against this
          limit as a condition of satisfying the rules applicable to ISOs, such
          rules shall apply to the limit on ISOs granted under the Plan.

               (ii) The maximum number of shares that may be covered by Awards
          granted to any one Participant during any one calendar-year period
          pursuant to Section 2 (relating to Options and SARs) shall be 500,000
          shares. For purposes of this paragraph (ii), if an Option is in tandem
          with an SAR, such that the exercise of the Option or SAR with respect
          to a share of Stock cancels the tandem SAR or Option right,
          respectively, with respect to such share, the tandem Option and SAR
          rights with respect to each share of Stock shall be counted as
          covering but one share of Stock for purposes of applying the
          limitations of this paragraph (ii).

               (iii) The maximum number of shares of Stock that may be issued in
          conjunction with Awards granted pursuant to Section 3.1 (relating to
          Full Value Awards) shall be 500,000 shares.

               (iv) For Full Value Awards that are intended to be
          Performance-Based Compensation, no more than 300,000 shares of Stock
          may be delivered pursuant to such Awards granted to any one
          Participant during any one-calendar-year period (regardless of whether
          settlement of the Award is to occur prior to, at the time of, or after
          the time of vesting); provided that Awards described in this paragraph
          (iv) that are intended to be Performance-Based Compensation shall be
          subject to the following:

                                       -5-
<Page>

                    (A)  If the Awards are denominated in Stock but an
               equivalent amount of cash is delivered in lieu of delivery of
               shares of Stock, the foregoing limit shall be applied based on
               the methodology used by the Committee to convert the number of
               shares of Stock into cash.

                    (B)  If delivery of Stock or cash is deferred until after
               shares of Stock have been earned, any adjustment in the amount
               delivered to reflect actual or deemed investment experience after
               the date the shares are earned shall be disregarded.

               (v) For Cash Incentive Awards that are intended to be
          Performance-Based Compensation, the maximum amount payable to any
          Participant with respect to any performance period shall equal
          $200,000 multiplied by the number of calendar months included in that
          performance period; provided that Awards described in this paragraph
          (v) that are intended to be Performance-Based Compensation, shall be
          subject to the following:

                    (A)  If the Awards are denominated in cash but an equivalent
               amount of Stock is delivered in lieu of delivery of cash, the
               foregoing limit shall be applied to the cash based on the
               methodology used by the Committee to convert the cash into shares
               of Stock.

                    (B)  If delivery of Stock or cash is deferred until after
               cash has been earned, any adjustment in the amount delivered to
               reflect actual or deemed investment experience after the date the
               cash is earned shall be disregarded.

          (f)  In the event of a corporate transaction involving the Company
     (including, without limitation, any stock dividend, stock split,
     extraordinary cash dividend, recapitalization, reorganization, merger,
     consolidation, split-up, spin-off, sale of assets or subsidiaries,
     combination or exchange of shares), the Committee may adjust Awards to
     preserve the benefits or potential benefits of the Awards. Action by the
     Committee may include: (i) adjustment of the number and kind of shares
     which may be delivered under the Plan; (ii) adjustment of the number and
     kind of shares subject to outstanding Awards; (iii) adjustment of the
     Exercise Price of outstanding Options and SARs; and (iv) any other
     adjustments that the Committee determines to be equitable (which may
     include, without limitation, (I) replacement of Awards with other Awards
     which the Committee determines have comparable value and which are based on
     stock of a company resulting from the transaction, and (II) cancellation of
     the Award in return for cash payment of the current value of the Award,
     determined as though the Award is fully vested at the time of payment,
     provided that in the case of an Option or SAR, the amount of such payment
     may be the excess of value of the Stock subject to the Option or SAR at the
     time of the transaction over the Exercise Price).

     5.3  PERFORMANCE-BASED COMPENSATION. Any Award under the Plan which is
intended to be Performance-Based Compensation shall be conditioned on the
achievement of one or more

                                       -6-
<Page>

objective performance measures, to the extent required by Code section 162(m) as
may be determined by the Committee.

     (a)  "Performance Measures" may be based on any one or more of the
     following: earnings (e.g., earnings before interest and taxes; earnings
     before interest, taxes, depreciation and amortization; or earnings per
     share); financial return ratios (e.g., return on investment; return on
     invested capital; return on equity; or return on assets); increase in
     revenue, operating or net cash flows; cash flow return on investment; total
     shareholder return; market share; net operating income, operating income or
     net income; debt load reduction; expense management; economic value added;
     stock price; and strategic business objectives, consisting of one or more
     objectives based on meeting specific cost targets, business expansion
     goals, financing goals and goals relating to acquisitions or divestitures.
     Performance measures may be based on the performance of the Company as a
     whole or of any one or more business units of the Company and may be
     measured relative to a peer group or an index.

     (b)  The terms of any such Award may provide that partial achievement of
     the Performance Measures may result in a payment or vesting based upon the
     degree of achievement.

     (c)  In establishing any Performance Measures, the Committee may provide
     for the exclusion of the effects of the following items, to the extent
     identified in the audited financial statements of the Company, including
     footnotes, or in the Management Discussion and Analysis section of the
     Company's annual report: (i) extraordinary, unusual, and/or nonrecurring
     items of gain or loss; (ii) gains or losses on the disposition of a
     business; (iii) changes in tax or accounting principles, regulations or
     laws; or (iv) mergers or acquisitions. To the extent not specifically
     excluded, such effects shall be included in any applicable Performance
     Measure.

     5.4  GENERAL RESTRICTIONS. Delivery of shares of Stock or other amounts
under the Plan shall be subject to the following:

          (a)  Notwithstanding any other provision of the Plan, the Company
     shall have no obligation to deliver any shares of Stock or make any other
     distribution of benefits under the Plan unless such delivery or
     distribution complies with all applicable laws (including, without
     limitation, the requirements of the Securities Act of 1933), and the
     applicable requirements of any securities exchange or similar entity.

          (b)  To the extent that the Plan provides for issuance of stock
     certificates to reflect the issuance of shares of Stock, the issuance may
     be effected on a non-certificated basis, to the extent not prohibited by
     applicable law or the applicable rules of any stock exchange.

     5.5  TAX WITHHOLDING. All distributions under the Plan are subject to
withholding of all applicable taxes, and the Committee may condition the
delivery of any shares or other benefits under the Plan on satisfaction of the
applicable withholding obligations. Except as otherwise provided by the
Committee, such withholding obligations may be satisfied (i) through

                                       -7-
<Page>

cash payment by the Participant; (ii) through the surrender of shares of Stock
which the Participant already owns (provided, however, that to the extent shares
described in this clause (ii) are used to satisfy more than the minimum
statutory withholding obligation, as described below, then, except as otherwise
provided by the Committee, payments made with shares of Stock in accordance with
this clause (ii) shall be limited to shares held by the Participant for not less
than six months prior to the payment date); or (iii) through the surrender of
shares of Stock to which the Participant is otherwise entitled under the Plan,
provided, however, that such shares under this clause (iii) may be used to
satisfy not more than the Company's minimum statutory withholding obligation
(based on minimum statutory withholding rates for Federal and state tax
purposes, including payroll taxes, that are applicable to such supplemental
taxable income).

     5.6  GRANT AND USE OF AWARDS. In the discretion of the Committee, a
Participant may be granted any Award permitted under the provisions of the Plan,
and more than one Award may be granted to a Participant. Subject to subsection
2.5 (relating to repricing), Awards may be granted as alternatives to or
replacement of awards granted or outstanding under the Plan, or any other plan
or arrangement of the Company or a Subsidiary (including a plan or arrangement
of a business or entity, all or a portion of which is acquired by the Company or
a Subsidiary). Subject to the overall limitation on the number of shares of
Stock that may be delivered under the Plan, the Committee may use available
shares of Stock as the form of payment for compensation, grants or rights earned
or due under any other compensation plans or arrangements of the Company or a
Subsidiary, including the plans and arrangements of the Company or a Subsidiary
assumed in business combinations. Notwithstanding the provisions of subsection
2.2, Options and SARs granted under the Plan in replacement for awards under
plans and arrangements of the Company or a Subsidiary assumed in business
combinations may provide for exercise prices that are less than the Fair Market
Value of the Stock at the time of the replacement grants, if the Committee
determines that such exercise price is appropriate to preserve the economic
benefit of the award.

     5.7  DIVIDENDS AND DIVIDEND EQUIVALENTS. An Award (including without
limitation an Option or SAR Award) may provide the Participant with the right to
receive dividend or dividend equivalent payments with respect to Stock subject
to the Award (both before and after the Stock subject to the Award is earned,
vested, or acquired), which payments may be either made currently or credited to
an account for the Participant, and may be settled in cash or Stock, as
determined by the Committee. Any such settlements, and any such crediting of
dividends or dividend equivalents or reinvestment in shares of Stock, may be
subject to such conditions, restrictions and contingencies as the Committee
shall establish, including the reinvestment of such credited amounts in Stock
equivalents.

     5.8  PRIVILEGES OF STOCK OWNERSHIP. Except as otherwise specifically
provided in the Plan, no person shall be entitled to the privileges of ownership
in respect of shares of Stock which are subject to Awards hereunder until such
shares have been issued to that person.

     5.9  SETTLEMENT OF AWARDS. The obligation to make payments and
distributions with respect to Awards may be satisfied through cash payments, the
delivery of shares of Stock, the granting of replacement Awards, or combination
thereof as the Committee shall determine. Satisfaction of any such obligations
under an Award, which is sometimes referred to as "settlement" of the Award, may
be subject to such conditions, restrictions and contingencies as

                                       -8-
<Page>

the Committee shall determine. The Committee may permit or require the deferral
of any Award payment, subject to such rules and procedures as it may establish,
which may include provisions for the payment or crediting of interest or
dividend equivalents, and may include converting such credits into deferred
Stock equivalents. Each Subsidiary shall be liable for payment of cash due under
the Plan with respect to any Participant to the extent that such benefits are
attributable to the services rendered for that Subsidiary by the Participant.
Any disputes relating to liability of a Subsidiary for cash payments shall be
resolved by the Committee.

     5.10 TRANSFERABILITY. Except as otherwise provided by the Committee, Awards
under the Plan are not transferable except as designated by the Participant by
will or by the laws of descent and distribution.

     5.11 FORM AND TIME OF ELECTIONS. Unless otherwise specified herein, each
election required or permitted to be made by any Participant or other person
entitled to benefits under the Plan, and any permitted modification, or
revocation thereof, shall be in writing filed with the Committee at such times,
in such form, and subject to such restrictions and limitations, not inconsistent
with the terms of the Plan, as the Committee shall require.

     5.12 AGREEMENT WITH COMPANY. An Award under the Plan shall be subject to
such terms and conditions, not inconsistent with the Plan, as the Committee
shall, in its sole discretion, prescribe. The terms and conditions of any Award
to any Participant shall be reflected in such form of written (including
electronic) document as is determined by the Committee. A copy of such document
shall be provided to the Participant, and the Committee may, but need not
require that the Participant sign a copy of such document. Such document is
referred to in the Plan as an "Award Agreement" regardless of whether any
Participant signature is required.

     5.13 ACTION BY COMPANY OR SUBSIDIARY. Any action required or permitted to
be taken by the Company or any Subsidiary shall be by resolution of its board of
directors, or by action of one or more members of the board (including a
committee of the board) who are duly authorized to act for the board, or (except
to the extent prohibited by applicable law or applicable rules of any stock
exchange) by a duly authorized officer of such company.

     5.14 GENDER AND NUMBER. Where the context admits, words in any gender shall
include any other gender, words in the singular shall include the plural and the
plural shall include the singular.

     5.15 LIMITATION OF IMPLIED RIGHTS.

          (a)  Neither a Participant nor any other person shall, by reason of
     participation in the Plan, acquire any right in or title to any assets,
     funds or property of the Company or any Subsidiary whatsoever, including,
     without limitation, any specific funds, assets, or other property which the
     Company or any Subsidiary, in its sole discretion, may set aside in
     anticipation of a liability under the Plan. A Participant shall have only a
     contractual right to the Stock or amounts, if any, payable under the Plan,
     unsecured by any assets of the Company or any Subsidiary, and nothing
     contained in the Plan shall constitute a

                                       -9-
<Page>

     guarantee that the assets of the Company or any Subsidiary shall be
     sufficient to pay any benefits to any person.

          (b)  The Plan does not constitute a contract of employment, and
     selection as a Participant will not give any participating employee the
     right to be retained in the employ of the Company or any Subsidiary, nor
     any right or claim to any benefit under the Plan, unless such right or
     claim has specifically accrued under the terms of the Plan. Except as
     otherwise provided in the Plan, no Award under the Plan shall confer upon
     the holder thereof any rights as a shareholder of the Company prior to the
     date on which the individual fulfills all conditions for receipt of such
     rights.

     5.16 EVIDENCE. Evidence required of anyone under the Plan may be by
certificate, affidavit, document or other information which the person acting on
it considers pertinent and reliable, and signed, made or presented by the proper
party or parties.

     5.17 PAYMENTS TO PERSONS OTHER THAN PARTICIPANTS. If the Committee shall
find that any person to whom any amount is payable under the Plan is unable to
care for his affairs because of illness or accident, or is a minor, or has died,
then any payment due to such person or his estate (unless a prior claim therefor
has been made by a duly appointed legal representative) may, if the Committee so
directs the Company, be paid to his spouse, child, relative, an institution
maintaining or having custody of such person, or any other person deemed by the
Committee to be a proper recipient on behalf of such person otherwise entitled
to payment. Any such payment shall be a complete discharge of the liability of
the Committee and the Company therefor.

     5.18 GOVERNING LAW. The Plan shall be governed by and construed in
accordance with the internal laws of the State of Delaware applicable to
contracts made and performed wholly within the State of Delaware.

     5.19 SEVERABILITY. If any provision of the Plan or any Award agreement is
or becomes or is deemed to be invalid, illegal, or unenforceable in any
jurisdiction or as to any person or Award, or would disqualify the Plan or any
Award under any law deemed applicable by the Committee, such provision shall be
construed or deemed amended to conform to the applicable laws, or if it cannot
be construed or deemed amended without, in the determination of the Committee,
materially altering the intent of the Plan or the Award, such provision shall be
stricken as to such jurisdiction, person or Award and the remainder of the Plan
and any such Award shall remain in full force and effect.

                                    SECTION 6

                                CHANGE IN CONTROL

     6.1  Subject to the provisions of paragraph 5.2(f) (relating to the
adjustment of shares), and except as otherwise provided in the Plan or the Award
Agreement reflecting the applicable Award:

          (a)  If a Participant who is employed by (or a director of or
     consultant to) the Company or an Affiliate at the time of a Change in
     Control then holds one or more

                                      -10-
<Page>

     outstanding Options, all such Options (regardless of whether in tandem with
     SARs) then held by the Participant shall become fully exercisable on and
     after the date of the Change in Control (subject to the expiration
     provisions otherwise applicable to the Options), and any Stock purchased by
     the Participant under such Option following such Change in Control shall be
     fully vested upon exercise.

          (b)  If a Participant who is employed by the Company or an Affiliate
     at the time of a Change in Control then holds one or more outstanding SARs,
     all such SARs (regardless of whether in tandem with Options) then held by
     the Participant shall become fully exercisable on and after the date of the
     Change in Control (subject to the expiration provisions otherwise
     applicable to the SARs), and any cash or stock acquired by the Participant
     under such SAR following such Change in Control shall be fully vested upon
     exercise.

          (c)  If a Participant who is employed by the Company or an Affiliate
     at the time of a Change in Control then holds one or more Full Value Awards
     or Cash Incentive Awards, such Awards shall become fully vested on the date
     of the Change in Control; provided that, if the amount of the award or the
     vesting is to be determined based on the level of performance achieved, the
     target level of performance shall be deemed to have been achieved.

                                    SECTION 7

                                    COMMITTEE

     7.1  ADMINISTRATION. The authority to control and manage the operation and
administration of the Plan shall be vested in a committee (the "Committee") in
accordance with this Section 7. The Committee shall be selected by the Board
and, at any time after the common equity securities of the Company are publicly
traded, shall consist solely of two or more members of the Board who are not
employees of the Company or any Subsidiary. If the Committee does not exist, or
for any other reason determined by the Board, and to the extent not prohibited
by applicable law or the applicable rules of any stock exchange, the Board may
take any action under the Plan that would otherwise be the responsibility of the
Committee.

     7.2  POWERS OF COMMITTEE. The Committee's administration of the Plan shall
be subject to the following:

          (a)  Subject to the provisions of the Plan, the Committee will have
     the authority and discretion to select from among the Eligible Individuals
     those persons who shall receive Awards, to determine the time or times of
     receipt, to determine the types of Awards and the number of shares covered
     by the Awards, to establish the terms, conditions, performance criteria,
     restrictions, and other provisions of such Awards, and (subject to the
     restrictions imposed by Section 8) to amend, cancel, or suspend Awards.

          (b)  To the extent that the Committee determines that the restrictions
     imposed by the Plan preclude the achievement of the material purposes of
     the Awards in jurisdictions outside the United States, the Committee will
     have the authority and

                                      -11-
<Page>

     discretion to modify those restrictions as the Committee determines to be
     necessary or appropriate to conform to applicable requirements or practices
     of jurisdictions outside of the United States.

          (c)  The Committee will have the authority and discretion to interpret
     the Plan, to establish, amend, and rescind any rules and regulations
     relating to the Plan, to determine the terms and provisions of any Award
     Agreement made pursuant to the Plan, and to make all other determinations
     that may be necessary or advisable for the administration of the Plan.

          (d)  Any interpretation of the Plan by the Committee and any decision
     made by it under the Plan is final and binding on all persons.

          (e) In controlling and managing the operation and administration of
     the Plan, the Committee shall take action in a manner that conforms to the
     articles and by-laws of the Company, and applicable state corporate law.

     7.3  DELEGATION BY COMMITTEE. Except to the extent prohibited by applicable
law or the applicable rules of a stock exchange, the Committee may allocate all
or any portion of its responsibilities and powers to any one or more of its
members and may delegate all or any part of its responsibilities and powers to
any person or persons selected by it. Any such allocation or delegation may be
revoked by the Committee at any time.

     7.4  INFORMATION TO BE FURNISHED TO COMMITTEE. The Company and Subsidiaries
shall furnish the Committee with such data and information as it determines may
be required for it to discharge its duties. The records of the Company and
Subsidiaries as to an employee's or Participant's employment, termination of
employment, leave of absence, reemployment and compensation shall be conclusive
on all persons unless determined to be incorrect. Participants and other persons
entitled to benefits under the Plan must furnish the Committee such evidence,
data or information as the Committee considers desirable to carry out the terms
of the Plan.

     7.5  COMMITTEE LIABILITY. No member of the Committee shall be liable for
any action or determination made in good faith with respect to the Plan or any
Award hereunder.

                                    SECTION 8

                            AMENDMENT AND TERMINATION

     The Board may, at any time, amend or terminate the Plan, and the Board or
the Committee may amend any Award Agreement or cancel any Award thereto for
granted, prospectively or retroactively, provided that no amendment,
cancellation or termination may, in the absence of written consent to the change
by the affected Participant (or, if the Participant is not then living, the
affected beneficiary), adversely affect the rights of any Participant or
beneficiary under any Award granted under the Plan prior to the date such
amendment is adopted by the Board (or the Committee, if applicable); and further
provided that adjustments pursuant to paragraph 5.2(f) shall not be subject to
the foregoing limitations of this Section 8; and further provided, that the
provisions of subsection 2.5 (relating to Option repricing) cannot be amended
unless the amendment is approved by the Company's stockholders; and further
provided, that no

                                      -12-
<Page>

such amendment or termination shall be made without shareholder approval if such
approval is necessary to comply with any tax or regulatory requirement
applicable to the Plan (including as necessary to comply with any applicable
stock exchange listing requirement or to prevent the Company from being denied a
tax deduction on account of Section 162(m) of the Code).

                                    SECTION 9

                                  DEFINED TERMS

     In addition to the other definitions contained herein, the following
definitions shall apply:

          (a)  AWARD. The term "Award" means any, individually or collectively,
     award or benefit granted under the Plan, including, without limitation, the
     grant of Options, SARs, Full Value Awards, and Cash Incentive Awards.

          (b)  BOARD. The term "Board" means the Board of Directors of the
     Company.

          (c)  CHANGE IN CONTROL. Except as otherwise provided by the Committee
     in an Award Agreement, the term "Change in Control" shall be as defined in
     the Indenture dated April 30, 2004, among iPCS Escrow Company, a Delaware
     corporation, iPCS, Inc., each of the Guarantors (as defined therein) and
     U.S. Bank National Association, a national banking association, as Trustee,
     as in effect as of the Effective Date (the "Indenture"); provided however,
     that for purposes of this Change in Control definition, a "Permitted
     Holder" (as defined in the Indenture) shall not include (i) Sprint
     Corporation and its Affiliates (as defined in the Indenture), or (ii) any
     Sprint PCS Affiliate and its Affiliates (as defined in the Indenture).

     Notwithstanding the foregoing, a public offering of common stock by the
     Company pursuant to a registration statement shall not constitute a Change
     in Control.

          (d)  CODE. The term "Code" means the Internal Revenue Code of 1986, as
     amended. A reference to any provision of the Code shall include reference
     to any successor provision of the Code.

          (e)  ELIGIBLE INDIVIDUAL. For purposes of the Plan, the term "Eligible
     Individual" means any employee of the Company or a Subsidiary, and any
     consultant, director, or other person providing services to the Company or
     a Subsidiary, or an entity which is a wholly owned alter ego of such
     employee, consultant, director or other person; provided, however, that an
     ISO may only be granted to an employee of the Company or a Subsidiary. An
     Award, other than an ISO, may be granted to an employee, consultant,
     director or other person providing services, or an entity which is a wholly
     owned alter ego of such employee, consultant, director or other person, in
     connection with hiring, retention or otherwise, prior to the date such
     individual (or entity) first performs services for the Company or the
     Subsidiaries, provided that such Awards shall not become vested prior to
     the date such individual (or entity) first performs such services.

                                      -13-
<Page>

          (f)  FAIR MARKET VALUE. Except as otherwise provided by the Committee,
     for purposes of determining the "Fair Market Value" of a share of Stock as
     of any date, the following rules shall apply:

               (i) If the principal market for the Stock is a national
          securities exchange or the Nasdaq stock market, then the "Fair Market
          Value" as of that date shall be the average of the lowest and highest
          reported sale prices of the Stock on that date on the principal
          exchange or market on which the Stock is then listed or admitted to
          trading.

               (ii) If sale prices are not available or if the principal market
          for the Stock is not a national securities exchange and the Stock is
          not quoted on the Nasdaq stock market, then the "Fair Market Value" as
          of that date shall be the average of the highest bid and lowest asked
          prices for the Stock on such day as reported on the Nasdaq OTC
          Bulletin Board Service or by the National Quotation Bureau,
          Incorporated or a comparable service.

               (iii) If the day is not a business day, and as a result,
          paragraphs (i) and (ii) above are inapplicable, the Fair Market Value
          of the Stock shall be determined as of the next earlier business day.
          If paragraphs (i) and (ii) above are otherwise inapplicable, then the
          Fair Market Value of the Stock shall be determined in good faith by
          the Committee.

               (iv) Notwithstanding the foregoing, the Fair Market Value for
          awards granted as of the Effective Date shall be as determined in good
          faith by the Committee.

          (g)  PERFORMANCE-BASED COMPENSATION. The term "Performance-Based
     Compensation" shall have the meaning ascribed to it under Code section
     162(m) and the regulations thereunder.

          (h)  SUBSIDIARY. The term "Subsidiary" means any company during any
     period in which it is a "subsidiary corporation" (as that term is defined
     in Code section 424(f)) with respect to the Company.

          (i)  STOCK. The term "Stock" means shares of common stock, par value
     $0.01, of the Company.

                                      -14-

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