Document:

EXHIBIT 10.47

                        VERIZON WIRELESS RETIREMENT PLAN

               As Amended and Restated Effective January 1, 2001
  With Amendments Through the Adoption Date of this Amendment and Restatement,
                  including provisions intended to comply with
                    the Uruguay Round Agreements Act (GATT),
    the Uniformed Services Employment and Reemployment Act of 1994 (USERRA),
             the Small Business Job Protection Act of 1996 (SBJPA),
                the Taxpayer Relief Act of 1997 (TRA'97) and the
                Community Renewal Tax Relief Act of 2000 (CRTRA)

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                               TABLE OF CONTENTS

                        VERIZON WIRELESS RETIREMENT PLAN

Article                    Subject Matter                                   Page
-------                    --------------                                   ----

ARTICLE I           STATEMENT OF HISTORY AND PURPOSE...........................1

     Section 1.01   History and Rights Affected................................1

     Section 1.02   Qualification Under the Internal Revenue Code..............1

     Section 1.03   Documents..................................................1

ARTICLE II          DEFINITIONS................................................2

ARTICLE III         ELIGIBILITY FOR PARTICIPATION.............................15

     Section 3.01   Transition Benefit Participation..........................15

     Section 3.02   UCN Annuity Pension Benefit...............................15

ARTICLE IV          CREDITING OF SERVICE......................................16

     Section 4.01   Crediting of Service for Transition Benefit Credits.......16

     Section 4.02   Crediting of Service for UCN Annuity Pension Benefit......17

     Section 4.03   Treatment of Years of Vesting Service Upon Reemployment
                      for Amounts Credited to Transition Benefit Accounts.....17

     Section 4.04   Treatment of Service Upon Reemployment for UCN Annuity
                      Pension Benefit Purposes................................18

     Section 4.05   Special Rules.............................................19

ARTICLE V           UCN ANNUITY PENSION BENEFIT FORMULA.......................20

     Section 5.01   Calculation of UCN Annuity Pension Benefit................20

     Section 5.02   UCN Annuity Pension Benefit...............................20

     Section 5.03   UCN Annuity Pension Benefit Transfer Policy...............20

     Section 5.04   UCN Annuity Pension Benefit Freeze........................21

     Section 5.05   20% UCN Annuity Pension Benefit Increase..................21

ARTICLE VI          TRANSITION BENEFIT ACCOUNTS AND CREDITS...................22

     Section 6.01   Establishment of Transition Benefit Account...............22

     Section 6.02   Allocations to Transition Benefit Account.................22

     Section 6.03   Transition Benefit Credits................................22

     Section 6.04   Interest Credits..........................................22

     Section 6.05   Termination of Transition Benefit Account.................23

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                               TABLE OF CONTENTS
                                  (continued)

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ARTICLE VII         ACCRUED BENEFIT...........................................24

     Section 7.01   Accrued Benefit...........................................24

     Section 7.02   Maximum Benefit Limitations...............................24

ARTICLE VIII        RETIREMENT BENEFITS.......................................26

     Section 8.01   Normal Retirement  Benefits...............................26

     Section 8.02   Postponed Retirement Benefits.............................26

     Section 8.03   UCN Early and Disability Retirement Pension Benefits......26

     Section 8.04   Deferred Vested Benefit...................................27

     Section 8.05   Failure to Elect Payment by Normal Retirement Age.........29

     Section 8.06   Normal Retirement Benefit.................................29

     Section 8.07   Benefits Not Affected by Subsequent Social Security
                       Changes................................................29

ARTICLE IX          DEATH BENEFITS............................................30

     Section 9.01   Death after Benefit Payment Date..........................30

     Section 9.02   Death Prior to Benefit Payment Date.......................30

     Section 9.03   Small Cash Balance Death Benefits.........................31

     Section 9.04   Minimum Distribution Requirements.........................31

     Section 9.05   Sickness Death Benefit....................................31

ARTICLE X           METHOD AND TIMING OF RETIREMENT BENEFIT DISTRIBUTION......33

     Section 10.01  Cash-Outs.................................................33

     Section 10.02  Benefits Not Described in Section 10.01...................33

     Section 10.03  Optional Forms of Benefit Distribution....................35

     Section 10.04  Minimum Distribution Requirements.........................36

     Section 10.05  Required Payment Date.....................................36

     Section 10.06  Accruals While Benefits Are In Pay Status.................36

     Section 10.07  Distributed Contracts.....................................37

     Section 10.08  Application for Benefits..................................37

     Section 10.09  Direct Rollovers..........................................37

     Section 10.10  Non-Duplication of Benefits...............................38

     Section 10.11  Beneficiary Designation Right.............................38

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                               TABLE OF CONTENTS
                                  (continued)

                                                                            Page

     Section 10.12  Form and Content of Spouse's Consent......................38

     Section 10.13  Suspension of Benefit Rules...............................38

ARTICLE XI          PROVISIONS RELATING TO TOP-HEAVY PLANS....................41

     Section 11.01  Definitions...............................................41

     Section 11.02  Determination of Top-Heavy Status.........................43

     Section 11.03  Top-Heavy Plan Minima.....................................43

     Section 11.04  No Suspension of Benefits.................................44

     Section 11.05  Multiple Employer Plan....................................44

ARTICLE XII         CONTRIBUTIONS.............................................45

     Section 12.01  Employer Contributions....................................45

     Section 12.02  Participant Contributions.................................45

     Section 12.03  Expenses of Administration................................45

     Section 12.04  Contracts.................................................45

     Section 12.05  Discontinuance............................................45

     Section 12.06  Sole Source of Benefits...................................46

     Section 12.07  Commingling of Assets.....................................46

ARTICLE XIII        EMPLOYEE BENEFITS COMMITTEE...............................47

     Section 13.01  Appointment and Tenure....................................47

     Section 13.02  Meetings; Majority Rule...................................47

     Section 13.03  Delegation................................................47

     Section 13.04  Authority and Responsibility of the Employee
                       Benefits Committee.....................................47

     Section 13.05  Reporting and Disclosure..................................49

     Section 13.06  Construction of the Plan..................................50

     Section 13.07  Compensation of the Employee Benefits Committee...........50

     Section 13.08  Domestic Relations Orders.................................50

ARTICLE XIV         ALLOCATION AND DELEGATION OF AUTHORITY....................52

     Section 14.01  Authority and Responsibilities of the Employee
                       Benefits Committee.....................................52

     Section 14.02  Authority and Responsibilities of a Trustee...............52

     Section 14.03  Authority and Responsibilities of the Company.............52

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                               TABLE OF CONTENTS
                                  (continued)

                                                                            Page

     Section 14.04  Limitations on Obligations of Named Fiduciaries...........52

     Section 14.05  Designation and Delegation................................53

     Section 14.06  Reports to Board..........................................53

     Section 14.07  Engagement of Assistants and Advisers.....................53

     Section 14.08  Payment of Expenses.......................................53

     Section 14.09  Bonding...................................................53

     Section 14.10  Indemnification...........................................53

ARTICLE XV          BENEFIT APPLICATIONS AND CLAIMS PROCEDURES................55

     Section 15.01  Application for Benefits..................................55

     Section 15.02  Appeals of Denied Claims for Benefits.....................55

ARTICLE XVI         AMENDMENT OF PLAN.........................................57

     Section 16.01  Amendment.................................................57

     Section 16.02  Amendments to the Vesting Schedule........................57

     Section 16.03  Reversion.................................................58

     Section 16.04  Mergers and Consolidations of Plans.......................58

ARTICLE XVII        TERMINATION OF PLAN.......................................59

     Section 17.01  Right to Terminate........................................59

     Section 17.02  Procedure for Complete Termination........................59

     Section 17.03  Continuance of Trust......................................60

     Section 17.04  Nontransferability of Contracts...........................60

     Section 17.05  Limitation on Benefits. ..................................60

     Section 17.06  Recapture of Payments.....................................62

ARTICLE XVIII       MISCELLANEOUS PROVISIONS..................................63

     Section 18.01  Nonalienation of Benefits.................................63

     Section 18.02  No Contract of Employment.................................63

     Section 18.03  Severability of Provisions................................63

     Section 18.04  Heirs, Assigns and Personal Representatives...............63

     Section 18.05  Headings and Captions.....................................64

     Section 18.06  Gender and Number.........................................64

     Section 18.07  Controlling Law...........................................64

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                               TABLE OF CONTENTS
                                  (continued)

                                                                            Page

     Section 18.08  Title to Assets; Source of Benefits.......................64

     Section 18.09  Payments to Minors, Etc...................................64

     Section 18.10  Reliance on Data and Consents.............................64

     Section 18.11  Lost Payees...............................................64

     Section 18.12  Notices...................................................65

     Section 18.13  Counterparts..............................................65

     Section 18.14  Acceptance by Other Employers.............................65

     Section 18.15  Mistaken Payments.........................................65

APPENDIX A          ACTUARIAL ASSUMPTIONS AND FACTORS.........................66

APPENDIX B          PARTICIPATING EMPLOYERS...................................68

APPENDIX C          FORMER EMPLOYEES OF AIRTOUCH COMMUNICATIONS, INC.
                    AND CERTAIN ACTIVE EMPLOYEES OF VODAFONE AMERICAS
                    ASIA INC., FORMERLY, AIRTOUCH COMMUNICATIONS INC..........70

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                                   ARTICLE I

                        STATEMENT OF HISTORY AND PURPOSE

     Section 1.01 History and Rights Affected. The Verizon Wireless Retirement
Plan (the "Plan"), previously known as the Upstate Cellular Network Pension
Plan, was originally established effective January 1, 1994 by Upstate Cellular
Network, a New York partnership between Rochester Telephone Corporation and New
York Cellular Geographic Services Area, Inc. The Plan was frozen as of December
31, 1996. As of December 1, 1999, Upstate Cellular Network was acquired by
Cellco Partnership (d/b/a Bell Atlantic Mobile). Effective December 31, 2000,
sponsorship of the Plan was transferred from Upstate Cellular Network to Cellco
Partnership (d/b/a Verizon Wireless) (the "Company"). In connection with the
addition of Vodafone Group (formerly Vodafone AirTouch PLC) as a partner in the
Company and its related contribution of various assets to the Company,
effective as of the close of December 31, 2000, all of the assets and
liabilities of the AirTouch Communications Employees Pension Plan (the
"AirTouch Plan") were transferred to the Plan. The Plan has been amended and
restated herein, effective as of January 1, 2001 (the "Effective Date"), to
reflect (a) the change in Plan sponsorship, (b) the addition of a transition
benefit for eligible employees, and (c) the transfer of assets and liabilities
from the AirTouch Plan. The Plan has also been amended and restated herein to
comply with the requirements of the Uniformed Services Employment and
Reemployment Rights Act of 1994, the Uruguay Round Agreements Act, the Small
Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997 and the
Community Renewal Tax Relief Act of 2000. Except where an earlier effective
date is specified herein, the provisions of this amended and restated Plan
shall apply only to Employees who complete an Hour of Service on or after the
Effective Date. The rights of an individual who had a Separation from Service
prior to the Effective Date shall otherwise be governed by the Prior Plan as in
effect on the date of his Separation from Service.

     Section 1.02 Qualification Under the Internal Revenue Code. It is intended
that the Plan be a qualified plan within the meaning of section 401(a) of the
Code and that the trust or other Funding Vehicles associated with the Plan be
exempt from federal income taxation pursuant to the provisions of section
501(a) of the Code.

     Section 1.03 Documents. The Plan consists of the Plan document as set
forth herein, and any amendment thereto. Certain provisions relating to the
Plan and its operation are contained in the corresponding Trust Agreements (or
documents establishing any other Funding Vehicle for the Plan), and any
amendments, supplements, appendices and riders to any of the foregoing.

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                                   ARTICLE II

                                  DEFINITIONS

     Section 2.01 "Accrued Benefit" shall mean as of a date of reference,
except as otherwise provided below, the balance on that date of the
Participant's Transition Benefit Account.

          (a) UCN Plan Participants. For a Participant who has a Transition
Benefit Account and a UCN Annuity Pension Benefit under the Plan, the
Participant's Accrued Benefit under this Plan shall be administered in two
parts, the first of which shall be the UCN Annuity Pension Benefit, and the
second of which shall be the benefit which the Participant accrues subsequent
to December 31, 2000 pursuant to Article VI which shall be equal to the balance
of the Participant's Transition Benefit Account.

          (b) Transferred AirTouch Plan Participants. The Accrued Benefit of a
Participant who has a Transition Benefit Account and an AirTouch Annuity
Pension Benefit under the Plan, shall be administered in two parts, the first
of which shall be the AirTouch Annuity Pension Benefit and the second of which
shall be the benefit which the Participant accrues subsequent to December 31,
2000 pursuant to Article VI which shall be equal to the balance of the
Participant's Transition Benefit Account.

          (c) Vodafone Retained AirTouch Plan Participants. The Accrued Benefit
of a Participant who is not a Covered Employee under the Plan, but who has an
AirTouch Annuity Pension Benefit under the Plan, shall be the AirTouch Annuity
Pension Benefit and accruals subsequent to December 31, 2000, if any, pursuant
to Appendix C.

          (d) Pre-2001 Vested Pension. For a Participant who, on December 31,
2000, was a Vested Participant under the Plan or a terminated vested
participant or a formerly active participant in the AirTouch Plan who had not
received a total distribution of his or her pension benefit from the AirTouch
Plan, the Participant's Accrued Benefit under the Plan on and after the
Effective Date shall be either a UCN Annuity Pension Benefit or an AirTouch
Annuity Pension Benefit (as applicable) determined, except to the extent
provided otherwise herein, under the terms of the Plan or the AirTouch Plan (as
applicable) that were in effect on the date such individual ceased active
participation in the Plan or the AirTouch Plan (as applicable) whether or not
the individual is later employed or re-employed by a Participating Employer.

     Section 2.02 "Actuarial Equivalent" shall mean, except as provided in any
other provision of the Plan to the contrary, a benefit of equal actuarial value
determined using the actuarial assumptions and factors set forth in Appendix A
or C, as applicable.

     Section 2.03 "Affiliated Company" shall mean any entity which (a) with a
Participating Employer, 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

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aggregated with a Participating Employer pursuant to regulations under section
414(o) of the Code. Except as otherwise provided herein, an entity shall be
considered an Affiliated Company only with respect to such period as the
relationship described in the preceding sentence exists.

     Section 2.04 "AirTouch Annuity Pension Benefit" shall mean a pension
benefit transferred to the Plan from the AirTouch Plan as of the close of
December 31, 2000 and subsequent accruals, if any, pursuant to Appendix C
expressed in an annuity in the normal form described in Section 10.02(a)(1).

     Section 2.05 "AirTouch Plan" shall mean the AirTouch Communications
Employees Pension Plan from which all of the assets and liabilities were
transferred to the Plan as of the close of December 31, 2000. See Appendix C
for special rules relating to the transferred assets and liabilities.

     Section 2.06 "Alternate Payee" shall mean the person entitled to receive
payment of benefits under the Plan pursuant to a QDRO.

     Section 2.07 "Beneficiary" shall mean the person or persons (including a
trust or trustee) designated by the Participant pursuant to Section 10.11 to
receive death benefits payable upon the Participant's death, other than death
benefits specifically payable to the Participant's Spouse.

     Section 2.08 "Benefit Payment Date" shall mean the date (prior to the
Effective Date, the first day of the month) as of which the first benefit
payment (whether a single sum or an annuity installment payment) is made (or
the date such payment is due, if such payment is delayed) to the Participant
(or to the surviving Spouse if the Participant's death occurs prior to such
date).

     Section 2.09 "Board" shall mean the board of directors or other governing
body of the Company or a committee of such Board to which the Board has
delegated some or all of its responsibilities hereunder.

     Section 2.10 "Break in Service" shall mean that an Employee fails to
complete more than 500 Hours of Service during an applicable computation
period, or a Plan Year, whichever is applicable.

If an Employee is absent from work by reason of pregnancy, childbirth, or
placement in connection with adoption, or for purposes of care of such
Employee's child immediately after birth or placement in connection with
adoption, such Employee shall be credited, solely for purposes of determining
whether he has incurred a Break in Service, with the Hours of Service with
which such Employee would have been credited but for the absence; or, if such
hours cannot be determined, with eight (8) Hours of Service per normal workday.

The total number of hours to be treated as Hours of Service under this
paragraph shall not exceed 501. The hours described in this paragraph shall be
credited either for the computation period or Plan Year, as applicable, in
which the absence from work begins, if the Employee would be prevented from
incurring a Break in Service in such

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computation period or Plan Year because the period of absence is treated as
Hours of Service under this paragraph, or, in any case, for the computation
period or Plan Year, as applicable, next following the one in which the absence
from work begins; provided, however, that no credit shall be given under this
paragraph with respect to such absence to the extent that credit is given
pursuant to Section 2.25. In order for an absence to be considered as on
account of the reasons described in this paragraph, an Employee shall provide
the Employee Benefits Committee information establishing (a) that the absence
from work is for reasons set forth in this paragraph, and (b) the number of
days for which there was such an absence. Nothing in this paragraph shall be
construed as expanding or amending any maternity or paternity leave policy of a
Participating Employer or Affiliated Company.

     Section 2.11 "Code" shall mean the Internal Revenue Code of 1986, as the
same may be amended from time to time, and any successor statute of similar
purpose.

     Section 2.12 "Company" shall mean, effective as of December 31, 2000, the
Partnership, unless specifically indicated otherwise herein; provided, however,
that as of the IPO Date, "Company" shall mean Verizon Wireless Inc., or such
other Affiliated Company which serves as the public offering vehicle
representing the business of the Partnership, and any successor thereto that
adopts the Plan, acting in its capacity as general managing partner of the
Partnership. Prior to December 31, 2000, "Company" meant Upstate Cellular
Network.

     Section 2.13 "Compensation" shall mean, for any Employee, for any Plan
Year or Limitation Year as the case may be:

          (a) For purposes of determining the Transition Benefit Credits for a
given Plan Year pursuant to Article VI, except as otherwise provided below in
this definition, the fixed and basic salary or wages, short term incentive
payments and commissions paid by a Participating Employer to the Employee
during the applicable period, and including premium pay (such as overtime pay,
shift differential pay and nightwatch pay), short term disability payments, and
draw and guaranteed pay paid to Employees on a commission basis, but excluding
any amounts that the Employee receives during periods when he is not a Covered
Employee, amounts identified as bonuses or incentive payments (other than the
short term incentive payments specified above), fringe benefits (both cash and
non-cash), moving expenses, deferred compensation, welfare benefits (other than
short-term disability payments), expense allowances, and reimbursements.
Notwithstanding the above, Compensation shall be determined prior to giving
effect to any salary reduction election made pursuant to a Code section 401(k)
or 125 plan maintained by a Participating Employer.

          (b) For purposes of determining a Participant's frozen UCN Annuity
Pension Benefit pursuant to Article V of the Plan, the total of an Employee's
salary or wages (prior to January 1, 1996, the total of an Employee's base rate
of pay, bonuses and commissions) paid by the Employer during a Plan Year prior
to January 1, 1997 for services actually rendered by the Employee to the
Participating Employer. For any Employee participating in a Participating
Employer's 401(k) plan or cafeteria plans, the term Compensation shall include
amounts contributed to such plans on behalf of the

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Employee pursuant to a salary reduction agreement. Compensation does not
include contributions to this Plan or any other plan of deferred compensation
other than a 401(k) plan (prior to January 1, 1996 nor does it include any
types of extra remuneration of whatever nature (except the bonuses or
commissions included in the first sentence above for such time period)). If an
Employee had participated in a Partner Plan and transferred directly from a
Partner to the Participating Employer, "Compensation" includes compensation,
similarly determined, paid by the Partner during a Plan Year prior to January
1, 1997. No Compensation paid after December 31, 1996 shall be taken into
account in determining a Participant's frozen UCN Annuity Pension Benefit under
the Plan.

          (c) For purposes of Article XI and Section 7.02, wages required to be
reported on IRS Form W-2, paid to the Employee during the applicable period as
defined in Treas. Reg. ss. 1.415-2(d)(11)(i), including, on or after January 1,
1998, any elective deferral (as defined in section 402(g)(3) of the Code) and
any elective contribution or elective deferral that is excluded from gross
income under section 125, 132(f)(4) or 457 of the Code. Notwithstanding the
foregoing, prior to the Effective Date with respect to a Participant's UCN
Annuity Pension Benefit, for purposes of Article XI and Section 7.02,
"Compensation" meant the total remuneration paid to the Participant by the
Participating Employer during the Plan Year for personal services actually
rendered, after the application of any salary reduction agreement the
Participant may have entered into with the Participating Employer, exclusive of
Employer contributions to this Plan or any other plan of deferred compensation,
amounts realized upon the exercise of a stock option or the lifting of
restrictions on restricted stock, amounts realized upon a disqualifying
disposition of stock acquired pursuant to an incentive stock option or other
qualified stock option or other qualified stock option or other amounts which
receive special tax benefits provided in this Section.

          (d) For purposes of the definition of "Highly Compensated Employee"
for periods on or after January 1, 1998, "compensation," as such word is
defined in section 415(c)(3) of the Code, paid to the Employee for the
applicable period.

          (e) Effective as of December 12, 1994, for purposes of this
definition an Employee's Compensation will include the Compensation that the
Employee would have received during a period of Qualified Military Service (or,
if the amount of such Compensation is not reasonably certain, the Employee's
average earnings from the Company or an Affiliated Company for the twelve-month
period immediately preceding the Employee's period of Qualified Military
Service); provided, however, that the Employee returns to work within the
period during which his right to reemployment is protected by law.

          (f) With respect to any Plan Year, only the first $170,000 (or such
other amount as may be applicable under section 401(a)(17) of the Code) of the
amount otherwise described in subsections (a), (b) and (c) of this definition
shall be counted, except that this subsection (f) shall not apply for purposes
of Section 7.02 and determining "Key Employees" under Article XI. In
determining Compensation for purposes of this limitation, the family
aggregation rules of section 401(a)(17)(A) of the

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Code, as in effect on December 31, 1996, shall apply for Plan Years beginning
before January 1, 1997.

     Section 2.14 "Contract" shall mean any annuity, pension, retirement
income, or insurance contract or policy providing for payment of benefits under
the Plan, and any deposit administration or other contract or policy providing
for the management of the assets of the Plan by an insurance company.

     Section 2.15 "Covered Employee" shall mean, except as provided otherwise
in Appendix C for purposes of Appendix C, any individual who is employed by a
Participating Employer, other than (i) any person who continues to accrue a
benefit under the GTE Service Corporation Plan for Employees' Pensions, (ii)
any person whose terms and conditions of employment are subject to a collective
bargaining agreement, unless the collective bargaining agreement provides for
the eligibility of such person to participate in this Plan, (iii) any person
who is a foreign national working in a foreign jurisdiction, (iv) an individual
who renders services to a Participating Employer or an Affiliated Company under
circumstances in which his or her wages or remuneration is paid by a third
party service provider or temporary service agency, regardless of any
governmental or judicial determination or holding which characterizes the
individual as an employee of a Participating Employer or an Affiliated Company,
including without limiting the foregoing, a leased employee as defined in
section 414(n) of the Code, (v) an individual hired by a Participating Employer
or an Affiliated Company as an independent contractor, consultant, or otherwise
as a person who is not an employee for purposes of withholding federal
employment taxes, as evidenced by payroll records or a written agreement with
the individual, regardless of any contrary governmental or judicial
determination or holding which characterizes the individual as an employee of a
Participating Employer or an Affiliated Company or (vi) an individual who is
employed by Vodafone Americas Asia Inc. or any of its subsidiaries.

     Section 2.16 "Early Retirement Date" shall mean with respect to a
Participant's UCN Annuity Pension Benefit, the first day of the month next
following the month in which the Participant retires prior to Normal Retirement
Age pursuant to Section 8.03(a) or 8.03(b) and with respect to a Participant's
AirTouch Annuity Pension Benefit as specified in Appendix C.

     Section 2.17 "Effective Date" shall mean January 1, 2001; provided,
however, that when a provision of the Plan states an effective date other than
January 1, 2001, such stated specific effective date shall apply as to that
provision. Notwithstanding the foregoing, a provision of the Plan stated herein
with an effective date prior to January 1, 2001 shall only apply retroactively
to Participants in the Plan on such effective date.

     Section 2.18 "Employee" shall mean a person who is employed by a
Participating Employer or an Affiliated Company. A person who is not otherwise
employed by a Participating Employer or Affiliated Company shall be deemed to
be employed by any such company if he is a leased employee with respect to
whose services such Participating Employer or Affiliated Company is the
recipient, within the meaning of section 414(n) or 414(o) of the Code, but to
whom section 414(n)(5) of the Code does not apply.

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     Section 2.19 "Employee Benefits Committee" shall mean the committee
appointed pursuant to Section 13.01 to administer the Plan as specified herein.

     Section 2.20 "Employment Commencement Date" shall mean, with respect to
any person, the first date on which that person performs an Hour of Service as
described in Section 2.25(a).

     Section 2.21 "ERISA" shall mean the Employee Retirement Income Security
Act of 1974, as the same may be amended from time to time, and any successor
statute of similar purpose.

     Section 2.22 "Fund" shall mean all of the assets of the Plan at a given
time including all assets held by one or more Trustees (or any nominee thereof)
under one or more Trust Agreements and all assets held under any other Funding
Vehicles.

     Section 2.23 "Funding Vehicle" shall mean a Trust Agreement or Contract
under which some or all of the assets of the Plan are held and invested.

     Section 2.24 "Highly Compensated Employee" shall mean, effective for Plan
Years beginning on or after January 1, 1997, an Employee who performs services
for a Participating Employer or an Affiliated Company during the Plan Year for
which a determination is being made and who:

          (a) was at any time in the Plan Year or the immediately preceding
Plan Year a five-percent (5%) owner, as defined in section 416(i) of the Code;
or

          (b) for the immediately preceding Plan Year received annual
Compensation from a Participating Employer or an Affiliated Company in excess
of $80,000, as adjusted by the Secretary of the Treasury in accordance with
section 414(q) of the Code.

A former Employee shall be treated as a Highly Compensated Employee if such
Employee was a Highly Compensated Employee while an active Employee in either
the Plan Year in which such Employee separated from service or in any Plan Year
ending on or after his 55th birthday.

     Section 2.25 "Hour of Service" shall mean for any Employee:

          (a) An hour for which he is directly or indirectly compensated, or is
entitled to be compensated by a Participating Employer or an Affiliated
Company, for the performance of duties.

          (b) An hour for which he is entitled, either by award or agreement,
to back pay from a Participating Employer or an Affiliated Company,
irrespective of mitigation of damages.

          (c) Each hour for which an Employee is paid, or entitled to payment,
by a Participating Employer or an Affiliated Company (either directly or
indirectly through a trust fund or insurer) on account of a period of time
during which no duties are

                                       7
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performed (irrespective of whether the employment relationship has terminated)
due to vacation, holiday, illness, incapacity (including long term disability),
jury duty, military duty or leave of absence.

          (d) Each hour that constitutes part of the Employee's customary work
week during any period of absence in the armed forces of the United States,
including, effective December 12, 1994, any period of Qualified Military
Service, provided that (i) such absence is with the approval of a Participating
Employer or an Affiliated Company or pursuant to a national conscription law,
(ii) the Employee receives an honorable discharge, and (iii) the Employee
returns to employment with a Participating Employer or an Affiliated Company
within 90 days after his release from active service or any longer period
during which his right to reemployment is protected by law. Notwithstanding
anything in the Plan to the contrary, Hours of Service for periods of Qualified
Military Service shall be provided in accordance with section 414(u) of the
Code.

          (e) Anything to the contrary in subsections (a) through (d)
notwithstanding:

               (1) For purposes of determining a Participant's Year of Service
with respect to his UCN Annuity Pension Benefit, in lieu of counting an
Employee's actual number of Hours of Service during any computation period or
Plan Year, as applicable, the Employee Benefits Committee shall credit each
Employee who earns at least one Hour of Service during any week of employment
with 45 Hours of Service for each such week.

               (2) No Hours of Service shall be credited to an Employee for any
period merely because, during such period, payments are made or due him under a
plan maintained solely for the purpose of complying with applicable workers'
compensation, unemployment compensation, or disability insurance laws.

               (3) No Hours of Service shall be credited to an Employee with
respect to payments solely to reimburse for medical or medically related
expenses.

               (4) No more than 501 Hours of Service shall be credited to an
Employee under subsection (c) of this definition on account of any single
continuous period during which no duties are performed by him, except as
provided in subsection (d).

               (5) No Hours of Service shall be credited twice.

               (6) Hours of Service shall be credited at least as liberally as
required by the rules set forth in Department of Labor Reg.ss.2530.200b-2(b)
and (c).

               (7) In the case of an Employee who is such solely by reason of
service as a leased employee within the meaning of section 414(n) or 414(o) of
the Code, Hours of Service shall be credited as if such Employee were employed
and paid with respect to such service (or with respect to any related absences
or entitlements) by the Participating Employer or Affiliated Company that is
the recipient thereof.

                                       8
<PAGE>

               (8) Except as specified otherwise herein, the number of Hours of
Service to be credited to an Employee on account of a period of service with an
Affiliated Company shall only include such hours during the period that the
employer for whom the services are performed is a Participating Employer or an
Affiliated Company.

               (9) Hours of Service shall be credited, without duplication, to
the extent required by the Family and Medical Leave Act of 1993 and
implementing federal regulations.

               (10) The Employee Benefits Committee shall determine the number
of creditable Hours of Service in any computation period or Plan Year, as
applicable, on the basis of any records kept by the Participating Employer that
accurately reflect Hours of Service. If any payments (including back pay
awards) relate to any period for which no duties are performed, the number of
creditable Hours of Service shall equal the number of regularly scheduled
working hours upon which the payment is based. If the payment is not calculated
on the basis of units of time for which the hours may be determined, the number
of creditable Hours of Service shall be equal to the amount of the payment
divided by the Employee's most recent hourly rate of compensation before the
period during which no duties are performed. In no event, however, shall an
Employee be credited with a greater number of Hours of Service than the number
of regularly scheduled hours for the performance of services during the
applicable period.

               (11) Hours of Service shall be credited to the computation
period or Plan Year, as applicable, in which the services were performed, the
period to which the payments are made when no services are performed, or the
period to which back pay awards relate, whichever is applicable.

     Section 2.26 "IPO Date" shall mean the date upon which the initial public
offering of the common stock of Verizon Wireless Inc., or such other Affiliated
Company which serves as the public offering vehicle representing the business
of the Partnership, occurs.

     Section 2.27 "Interest Credits" shall mean the interest credited to each
Participant's Transition Benefit Account in accordance with Section 6.04.

     Section 2.28 "Investment Manager" shall mean any fiduciary (other than a
Trustee or Named Fiduciary) who has the power to manage, acquire, or dispose of
any asset of the Plan and who has qualified as an "investment manager" within
the meaning of section 3(38) of ERISA.

     Section 2.29 "Limitation Year" shall mean the Plan Year.

     Section 2.30 "Named Fiduciary" shall mean the Board or its delegate, the
Employee Benefits Committee and the Trustee(s). Each Named Fiduciary shall have
only those particular powers, duties, responsibilities and obligations as are
specifically delegated to him under the Plan or the Trust Agreement(s). Any
fiduciary, if so appointed, may serve in more than one fiduciary capacity.

                                       9
<PAGE>

     Section 2.31 "Normal Retirement Age" shall mean a Participant's 65th
birthday; provided, however, that with respect to a Participant's UCN Annuity
Pension Benefit, "Normal Retirement Age" shall mean the later of the
Participant's 65th birthday or the fifth anniversary of the Participant's
commencement of participation in the Plan.

     Section 2.32 "Normal Retirement Date" shall mean the first day of the
month coincident with or next following a Participant's attainment of Normal
Retirement Age.

     Section 2.33 "Participant" shall generally mean any person who has been
admitted to participation in this Plan pursuant to the provisions of Article
III or Appendix C and who is:

          (a) a Covered Employee currently eligible to accrue Transition
Benefit Credits under Article VI of the Plan (an "Active Participant");

          (b) an Employee who previously was an Active Participant but
currently is not because he is no longer employed in a "Covered Employee"
status (an Inactive Participant");

          (c) an Employee who is a "Full Accrual Participant" or a "Modified
Accrual Participant" (as such terms are defined in Appendix C) currently
eligible to accrue benefits pursuant to Appendix C of the Plan ( an "AirTouch
Active Participant");

          (d) an individual who previously was an AirTouch Active Participant
but currently is not because he is no longer employed as an employee covered
under Appendix C of the Plan (an "AirTouch Inactive Participant");

          (e) an Employee with a frozen accrued benefit under Article V of the
Plan (a "UCN Frozen Participant");

          (f) a former Active Participant, former AirTouch Active Participant,
Inactive Participant, AirTouch Inactive Participant, UCN Frozen Participant or
former Covered Employee who has a vested interest under the Plan that has not
been distributed in full pursuant to Article X or otherwise (a "Vested
Participant").

     Section 2.34 "Participating Employer" shall mean the Company and any other
entity listed on Appendix B that adopts this Plan with the consent of the
Employee Benefits Committee or the Board or its delegate and the board of
directors or other governing body of the entity adopting the Plan. A company
shall be considered a Participating Employer only with respect to such period
as the company actively participates in the Plan.

     Section 2.35 "Partner" shall mean for purposes of making determinations
with respect to a Participant's UCN Annuity Pension Benefit, Rochester
Telephone Corporation, New York Cellular Geographic Services Area, Inc. and any
other entity that may hereafter become a partner in a Participating Employer.

                                      10
<PAGE>

     Section 2.36 "Partner Plan" shall mean for purposes of making
determinations with respect to a Participant's UCN Annuity Pension Benefit, the
Rochester Tel Management Pension Plan, Craft Pension Plan-I, Craft Pension
Plan-II, NYNEX Management Pension Plan, NYNEX Pension Plan or any other
tax-qualified defined benefit pension plan maintained by one or more of the
Partners.

     Section 2.37 "Partnership" shall mean 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. or such other Affiliated Company which
serves as the public offering vehicle representing the business of the
Partnership, as of the effective date of the transfer of all or substantially
all of the employees of the Partnership to Verizon Wireless Inc. or such other
Affiliated Company or one or more corporations, partnerships or limited
liability companies wholly-owned by Verizon Wireless Inc. or such other
Affiliated Company on or at some point after the IPO Date.

     Section 2.38 "PBGC" shall mean the Pension Benefit Guaranty Corporation, a
corporation within the United States Department of Labor established under the
provisions of Title IV of ERISA, or any successor thereto.

     Section 2.39 "Period of Severance" shall mean for purposes of vesting in a
Participant's Transition Benefit Credits, a 12-consecutive-month period
beginning on an Employee's Severance Date or any anniversary thereof and ending
on the next succeeding anniversary of such Severance Date during which the
Employee is not credited with at least one Hour of Service.

     In the case of an Employee who is absent from work for "maternity or
paternity" reasons, the 12-consecutive-month period beginning on the first
anniversary of the first day of such absence shall not constitute a Period of
Severance. For the purposes of this Section, an absence from work for maternity
or paternity reasons means an absence (a) by reason of the pregnancy of the
Employee, (b) by reason of the birth of a child of the Employee, (c) by reason
of the placement of a child with the Employee in connection with the adoption
of such child by such Employee, or (d) for purposes of caring for such child
for a period beginning immediately following such birth or placement. In order
for an absence to be considered for "maternity or paternity" reasons under this
Section, an Employee shall provide the Employee Benefits Committee information
establishing (1) that the absence from work is for reasons set forth in the
preceding sentence and (2) the number of days for which there was such an
absence. Nothing in this Section shall be construed as expanding or amending
any maternity or paternity leave policy of the Employer.

     Section 2.40 "Plan" shall mean the Verizon Wireless Retirement Plan (prior
to the Effective Date, the Upstate Cellular Network Pension Plan) as set forth
herein, and as the same may from time to time hereafter be amended.

     Section 2.41 "Plan Year" shall mean the calendar year.

                                      11
<PAGE>

     Section 2.42 "Postponed Retirement Date" shall mean the first day of the
month coincident with or next following the date of a Participant's Separation
from Service subsequent to his Normal Retirement Date.

     Section 2.43 "Prior Pension Plan" shall mean the AirTouch Communications
Employees Pension Plan or the Upstate Cellular Network Pension Plan, as
applicable, as in effect on December 31, 2000.

     Section 2.44 "QDRO" shall mean a "qualified domestic relations order"
within the meaning of section 206(d)(3)(B) of ERISA and section 414(p) of the
Code.

     Section 2.45 "Qualified Joint and Survivor Annuity" shall mean an annuity
for the life of the Participant, with a benefit payable after the death of the
Participant to the surviving Spouse of the Participant for the life of such
surviving Spouse, where the periodic benefit payable to such surviving Spouse
is 50% of the periodic benefit payable to the Participant during his lifetime,
and where the annuity provided is the Actuarial Equivalent of the Participant's
benefit payable in the form of a single life annuity as described in Section
10.02(a)(1) hereof as of his Benefit Payment Date; provided, however, with
respect to a Participant's UCN Annuity Pension Benefit, in no event shall any
reduction from the life annuity payable to the Participant exceed 10% of the
life annuity amount and if the Participant's spouse predeceases the
Participant, the benefits thereafter payable to the Participant shall revert to
the unreduced amount to which the Participant is entitled in accordance with
the benefit formula of Article V.

     Section 2.46 "Qualified Military Service" shall mean, effective December
12, 1994, any service in the uniformed services (as defined in Chapter 43 of
Title 38, United States Code) by any Employee if such Employee is entitled to
reemployment rights under such Chapter with respect to such service.

     Section 2.47 "Qualified Pre-Retirement Survivor Annuity" shall mean an
annuity for the surviving Spouse of a Participant in an amount equal to the
amount payable to such surviving Spouse if the benefits had been paid as a
Qualified Joint and Survivor Annuity. If the Participant dies after his Early
Retirement Date the benefit amount shall be determined as if the Participant
had retired with an immediate Qualified Joint and Survivor Annuity on the day
before his death. In the case of a Participant who has any vested Accrued
Benefit and who dies on or before his Early Retirement Date, the benefit amount
shall be calculated as if he had (a) separated from service on his date of
death; (b) survived to his Early Retirement Date; (c) retired with an immediate
Qualified Joint and Survivor Annuity on his Early Retirement Date; and (d) died
on the day after what would have been his Early Retirement Date.

     Section 2.48 "Reemployment Commencement Date" shall mean, with respect to
any person, the first date following a Severance Date on which that person
performs an Hour of Service as described in Section 2.25.

     Section 2.49 "Required Beginning Date" shall mean April 1 of the calendar
year following the later of (a) the calendar year in which the Participant
attains age 70-1/2 or (b) the calendar year in which the Participant retires.

                                      12
<PAGE>

     Section 2.50 "Separation from Service" shall mean, for any Employee, his
death, retirement, resignation, discharge, or any absence or event that causes
him to cease to be an Employee. An Employee shall not be considered to have had
a Separation from Service during a period of Qualified Military Service if he
returns to active service with a Participating Employer or Affiliated Company
within such period during which his reemployment rights are protected by law.

     Section 2.51 "Severance Date" shall mean the earlier of (a) the date an
Employee dies or retires, quits or is discharged from the Participating
Employer and all Affiliated Companies, or (b) the first anniversary of the date
that the Employee is otherwise first absent from work from the Participating
Employer and all Affiliated Companies (with or without pay) for any other
reason; provided, however, that if the Employee is on a military leave of
absence, under leave granted by the Participating Employer or an Affiliated
Company or required by law (effective as of December 12, 1994, including
Qualified Military Service), the Employee shall not be considered to have had a
Severance Date provided the absent Employee returns to active service with the
Participating Employer or Affiliated Company within ninety (90) days of his
release from active duty or such shorter or longer period during which his
reemployment rights are protected by law.

     Section 2.52 "Spouse" shall mean (i) with respect to Sections 2.45 and
2.47 and Article X, the person who is married to the Participant on his Benefit
Payment Date, and (ii) with respect to Section 9.02, the person who is married
to the Participant on the date of his death. When the word "spouse" is used
without an initial capital letter in the Plan, it shall mean the person to whom
the Participant is married as of the date of reference.

     Section 2.53 "Total Disability" shall mean a disability for which a
Participant is eligible for and is receiving disability benefits under the
Participating Employer's Long Term Disability Plan; provided, however, that
with respect to a Participant's UCN Annuity Pension Benefit, "Total Disability"
shall mean a physical or mental condition which, in the judgment of the
Employee Benefits Committee, based on medical reports and other evidence
satisfactory to the Employee Benefits Committee, will permanently prevent a
Participant from satisfactorily performing his usual duties for the
Participating Employer.

     Section 2.54 "Transition Benefit Account" shall mean the bookkeeping
account maintained with respect to a Participant in accordance with Section
6.01 to track the Participant's Accrued Benefit under the Plan attributable to
Transition Benefit Credits and Interest Credits that may be credited in the
manner described in the Plan. As more fully described in Section 6.01 of the
Plan, a Transition Benefit Account does not represent a separately funded
account, or an account into which any assets are segregated for an individual
Participant, but rather a record of the Participant's Accrued Benefit under the
Plan attributable to Transition and Interest Credits described above.

     Section 2.55 "Transition Benefit Credits" shall mean the dollar credits,
if any, credited to a Participant's Transition Benefit Account in accordance
with Section 6.03.

                                      13
<PAGE>

     Section 2.56 "Trust Agreement" shall mean an instrument executed by the
Company and a Trustee for purposes of providing a vehicle for investment of the
assets of the Plan.

     Section 2.57 "Trustee" shall mean a party or parties appointed by the
Company to hold all or part of the assets of the Plan and each of their
respective successors.

     Section 2.58 "UCN Annuity Pension Benefit" shall mean the portion of a
Participant's Accrued Benefit under the Plan that was frozen as of December 31,
1996 pursuant to Article V and which shall remain expressed as an annuity in
the normal form described in Section 10.02(a)(1).

     Section 2.59 "Year of Service" shall mean the service credited to an
Employee for purposes of determining the Employee's nonforfeitable interest in
and eligibility to receive payment of his UCN Annuity Pension Benefit under the
Plan, credited as described in Article IV.

     Section 2.60 "Year of UCN Participation" shall mean the service credited
to an Employee for purposes of determining the amount of the Employee's UCN
Annuity Pension Benefit under the Plan, credited as described in Article IV.

     Section 2.61 "Year of Vesting Service" shall mean the service credited to
an Employee for purposes of determining the Employee's nonforfeitable interest
in amounts credited to his Transition Benefit Account under the Plan, credited
as described in Article IV.

                                      14
<PAGE>

                                  ARTICLE III

                         ELIGIBILITY FOR PARTICIPATION

     Section 3.01 Transition Benefit Participation.

          (a) Eligibility to Participate. Each Employee who was employed on
December 31, 2000 by an employer that became a Participating Employer on or
before the Effective Date or was employed on December 31, 2000 by PrimeCo
Personal Communications LP, Bell Atlantic Cellular Consulting Group Inc.,
Verizon Wireless of the Southeast, Inc., or Vodafone Americas Asia Inc. and was
transferred to a Participating Employer (other than Vodafone Americas Asia
Inc.) as of January 1, 2001 shall be an Active Participant for purposes of
Article VI of the Plan as of the Effective Date, if he is then a Covered
Employee. Any other Employee hired by a Participating Employer on or after
January 1, 2001 shall be ineligible to participate in the Plan as an Active
Participant for purposes of Article VI, even if he is otherwise a Covered
Employee, a Participant with a UCN Annuity Pension Benefit or a Participant
with an AirTouch Annuity Pension Benefit. See Section 3.02 below for
eligibility rules applicable to a Participant with a UCN Annuity Pension
Benefit. See Appendix C for eligibility rules applicable to a Participant with
an AirTouch Annuity Pension Benefit.

          (b) Recommencement of Participation. An Active Participant who ceases
to be a Covered Employee shall once again become an Active Participant for
purposes of Article VI of the Plan on the date on which he resumes his status
as a Covered Employee.

          (c) Transfer to Non-Covered Employment. If a Participant ceases to be
a Covered Employee but remains in the employ of a Participating Employer or an
Affiliated Company, he shall remain a Participant, but shall accrue no benefits
hereunder for service rendered or hours worked while he is not a Covered
Employee.

     Section 3.02 UCN Annuity Pension Benefit. With respect to a UCN Annuity
Pension Benefit, no person who was not a Participant on December 31, 1995 shall
be eligible to commence participation in the Plan.

                                      15
<PAGE>

                                   ARTICLE IV

                              CREDITING OF SERVICE

     Section 4.01 Crediting of Service for Transition Benefit Credits. The
following rules shall apply for calculating service under this Plan with
respect to amounts credited to a Participant's Transition Benefit Account:

          (a) Crediting Years of Vesting Service. Except as provided otherwise
in Section 4.03, an Employee shall be credited with full and partial Years of
Vesting Service for the period from his Employment Commencement Date or
Reemployment Commencement Date to his Severance Date. Years of Vesting Service
shall be calculated on the basis of twelve (12) consecutive months of
employment equal one year. For this purpose, periods of less than twelve (12)
consecutive months which are not disregarded under Section 4.03 shall be
aggregated on the basis that thirty (30) days equal one completed month or
one-twelfth (1/12) of a year and twelve (12) completed months equal one year.
After aggregation, any period of service of less than thirty (30) days shall be
treated as a completed month. The following additional rules shall apply in
calculating Years of Vesting Service under this subsection:

               (1) If an Employee retires, quits, is discharged, or otherwise
experiences a Separation from Service, the period commencing on the Employee's
Severance Date and ending on the first date on which he again performs an Hour
of Service shall be taken into account, if such date is within twelve (12)
consecutive months of the date on which he last performed an Hour of Service;

               (2) If the Employee is absent from work for a reason other than
one specified in Paragraph (1) above and within twelve (12) months of the first
day of such absence, the Employee retires, quits, discharged, or otherwise
experiences a Separation from Service, the period commencing on the first day
of such absence and ending on the first day he again performs an Hour of
Service shall be taken into account, if such day is within twelve (12) months
of the date his absence began;

               (3) Except to the extent specified in Paragraph (4) below,
service with an Affiliated Company before it becomes or after it ceases to be
an Affiliated Company shall be disregarded except to the extent otherwise
specified by action of the Board; and

               (4) Years of vesting service credited as of December 31, 2000
for an Active Participant under the Verizon Wireless Savings and Retirement
Plan, another 401(k) plan sponsored by a Participating Employer or a subsidiary
thereof, under a Prior Pension Plan, or otherwise counted under the Plan for
vesting purposes shall be counted as Years of Vesting Service under this Plan
(except any such service which has been disregarded pursuant to the break in
service rules contained in such plan) with

               (5) Years of vesting service shall continue to be credited if an
Active Participant is transferred to a partner of a Participating Employer.

                                      16
<PAGE>

               (6) Years of vesting service shall include a Participant's
service with a Participating Employer that was not counted under the Plan for
purposes of determining the Participant's eligibility for a UCN Annuity Pension
Benefit.

     Section 4.02 Crediting of Service for UCN Annuity Pension Benefit. The
following rules shall apply for calculating service under this Plan with
respect to a Participant's UCN Annuity Pension Benefit:

          (a) Crediting Years of Service. Except as provided otherwise in
Sections 4.04 and 5.03, an Employee shall be credited with a Year of Service
for each Plan Year during which the Employee completes at least 1,000 Hours of
Service with a Participating Employer or an Affiliated Company. In the case of
an Employee who was employed by a Partner immediately preceding his employment
with the Participating Employer, a Year of Service shall include each calendar
year in which the Employee completed at least 1,000 Hours of Service with the
Partner, provided that no such additional service credited under an early
retirement incentive of a Partner Plan shall be credited under this Plan.
Except to the extent specified in this Section 4.02(a) and Section 5.03,
service with an Affiliated Company before it becomes or after it ceases to be
an Affiliated Company shall be disregarded except to the extent otherwise
specified by action of the Board. Notwithstanding the foregoing, Years of
Service for periods after December 31, 2000 shall be determined using the
elapsed time method described in Section 4.01(a) (but disregarding Sections
4.01(a)(4), (5) and (6)).

          (b) Crediting Years of UCN Participation. Except as provided
otherwise in Sections 4.04 and 5.03, an Employee shall be credited with a Year
of UCN Participation for each Plan Year after the original Effective Date of
the Plan, but prior to January 1, 1997, during which the Employee is in a class
of employment eligible to participate in the Plan under the terms of the Plan
as in effect during such period and the Employee completes at least 1,000 Hours
of Service with a Participating Employer. In the case of a Participant who was
covered by a Partner Plan and who was transferred prior to January 1, 1997
directly to a Participating Employer from the Partner, the term Year of UCN
Participation includes each year during which the Employee accrued a benefit
under the Partner Plan, provided that no such additional service credited under
an early retirement incentive of a Partner Plan shall be credited under this
Plan. Except to the extent specified in this Section 4.02(b) and Section 5.03,
service with a Participating Employer before it becomes or after it ceases to
be a Participating Employer shall be disregarded except to the extent otherwise
specified by action of the Board.

          (c) Post-Freeze Service. Notwithstanding anything herein to the
contrary, no service with a Participating Employer or any Affiliated Company
after December 31, 1996 shall be taken into account under this Plan for the
purpose of calculating the amount of a person's UCN Annuity Pension Benefit,
but such service shall be taken into account as Years of Service for purposes
of determining eligibility for payment of a Participant's UCN Annuity Pension
Benefit.

     Section 4.03 Treatment of Years of Vesting Service Upon Reemployment for
Amounts Credited to Transition Benefit Accounts. Upon an individual's
reemployment as a Covered Employee after a Separation from Service, he shall
retain credit for the

                                      17
<PAGE>

Years of Vesting Service he had earned prior to his Severance Date; provided,
however, if the Participant has incurred a Period of Severance, Years of
Vesting Service completed prior to the Period of Severance shall be disregarded
upon the Participant's reemployment as a Covered Employee, if:

          (a) The Participant had no vested interest in his Accrued Benefit
under the Plan at the time of his Severance Date, and

          (b) The Participant's number of consecutive Periods of Severance
experienced by the Participant (including in such series of Periods of
Severance the Period of Severance with regard to which a determination is being
made as to whether prior Years of Vesting Service are disregarded hereunder)
equal or exceed the greater of:

               (1) five (5) or

               (2) the number of Years of Vesting Service, other than cancelled
service, completed by the Employee, prior to his Period of Severance.

     Section 4.04 Treatment of Service Upon Reemployment for UCN Annuity
Pension Benefit Purposes. Upon an individual's reemployment as a Covered
Employee after a Separation from Service, he shall retain credit for the Years
of UCN Participation and Years of Service he had earned prior to his Break in
Service, except as follows:

          (a) Treatment of Years of Service. If the Participant has incurred a
Break in Service, Years of Service completed prior to the Break in Service
shall be disregarded upon the Participant's reemployment, if:

               (1) The Participant had no vested interest in his Accrued
Benefit under the Plan at the time of his Break in Service, and

               (2) The number of consecutive Breaks in Service experienced by
the Participant (including in such series of Breaks in Service, the Breaks in
Service with regard to which a determination is being made as to whether prior
Years of Service are disregarded hereunder) equal or exceed the greater of:

                    (A) five (5) or

                    (B) the number of Years of Service, other than cancelled
service, completed by the Employee, prior to his Break in Service.

               (3) Notwithstanding the foregoing, if a Participant's Vesting
Service is disregarded pursuant to this Section 4.04(a), such Vesting Service
shall be restored if he completes five Years of Service following his
Reemployment Commencement Date, if he is then a Covered Employee.

          (b) Cash-Outs. Years of UCN Participation and Years of Service
completed prior to any Break in Service, where the Participant has received or
is deemed to receive a single-sum settlement of his entire vested Accrued
Benefit pursuant to

                                      18
<PAGE>

Section 10.01 or Section 10.03(a)(3), shall be disregarded upon a Participant's
reemployment; provided, however, that:

               (1) Years of UCN Participation and Years of Service of a
Participant described in the preceding portion of this sentence who has been
deemed to receive a distribution of his entire vested Accrued Benefit of zero
dollars shall not be disregarded pursuant to this Section if the Participant
again becomes a Covered Employee at a time when the number of consecutive
Breaks in Service experienced by the Participant is less than 5; and

               (2) Years of UCN Participation and Years of Service of a
Participant described in the preceding portion of this sentence who has
received a distribution of his entire vested Accrued Benefit pursuant to
Section 10.01 or 10.03(a)(3) shall not be disregarded pursuant to this Section
if the Participant again becomes a Covered Employee and repays the full amount
of the cash-out distribution plus interest from the date of distribution to the
date of repayment, compounded annually at the rate of 120% of the federal
mid-term rate (as in effect under section 1274 of the Code for the first month
of a Plan Year (or such other rate as may be provided in ERISA regulations) per
annum before the Participant has five (5) consecutive one year Breaks in
Service beginning after the distribution.

     Section 4.05 Special Rules. Notwithstanding anything in Section 4.01 or
4.02 to the contrary, and subject to provisions of Section 4.03 and 4.04 (as
applicable), service credited, if any, for purposes of a Participant's AirTouch
Annuity Pension Benefit shall be credited as described in Appendix C.

                                      19
<PAGE>

                                   ARTICLE V

                      UCN ANNUITY PENSION BENEFIT FORMULA

     Section 5.01 Calculation of UCN Annuity Pension Benefit. The annual rate
of retirement income benefit with respect to a Participant's UCN Annuity
Pension Benefit commencing on the Participant's Normal Retirement Date shall be
the sum of (a) and (b) less, where pertinent, (c) where:

          (a) equals 1.39 percent times the Participant's Years of UCN
Participation times the Participant's average annual Compensation during the
five (for all Participants on the active payroll on or after December 31, 1995,
three) consecutive Years of Participation (or during all Years of UCN
Participation if less than the foregoing applicable number of Years of
Participation) during which the Participant was paid the highest annual
Compensation but not to exceed the Social Security Wage Base in effect during
the calendar year preceding retirement; plus

          (b) equals 1.54 percent times the Participant's Years of UCN
Participation times the average of his last five (for all Participants on the
active payroll on or after December 31, 1995, three) years (or all Years of UCN
Participation if less than the foregoing applicable number of Years of
Participation) of Compensation preceding retirement in excess of the Social
Security Wage Base in effect during the calendar year preceding retirement;
less

          (c) equals, for persons whose Years of UCN Participation in (a) or
(b) above take into account service under a Partner's Plan, the benefit payable
to the Participant under the Partner's Plan expressed in terms of a life
annuity benefit payable at the same time as the benefit payable under this Plan
and using the same actuarial equivalent factors used under this Plan.

This formula benefit is computed on the basis of the benefit being payable in
the form of an annuity for the life of the Participant with no further payments
after his death. The actual amount of accrual or monthly benefit shall depend
on the actual form of payment being paid in accordance with Article X which
shall, in any event, be a benefit of actuarially equivalent value of the rate
determined under this Section 5.01.

     Section 5.02 UCN Annuity Pension Benefit. A Participant's UCN Annuity
Pension Benefit at any particular point in time shall equal his Section 5.01
formula benefit based upon his Compensation and Years of UCN Participation as
of the date such portion of his Accrued Benefit is being determined.

     Section 5.03 UCN Annuity Pension Benefit Transfer Policy.

          (a) Where the Code Does Not Treat this Plan and Another Plan as a
Single Plan. If a Participant ceases to be an active Participant in this Plan
prior to the Effective Date because he has been transferred to the employ of an
Affiliated Company that maintains a defined benefit pension plan, his UCN
Annuity Pension Benefit under this Plan together with an allocable portion of
the Plan's assets shall be transferred to the

                                      20
<PAGE>

plan maintained by the Affiliated Company. The transfer of assets and
liabilities shall be made at such time and pursuant to such terms and
conditions as the Employee Benefits Committee may determine in accordance with
applicable law.

          If an Employee who became an active Participant in this Plan prior to
the Effective Date has an accrued benefit under a defined benefit pension plan
maintained by an Affiliated Company, the Employee Benefits Committee shall
accept a transfer of such accrued benefit, together with an allocable portion
of the other plan's assets at such time and pursuant to such terms and
conditions as the Employee Benefits Committee may determine in accordance with
applicable law. In the event of such transfer, the Participant's benefits shall
be determined pursuant to the terms of this Plan taking into account all of the
Participant's compensation and service credited under the Affiliated Company's
plan as of the date of transfer. If this Plan has a career pay formula, current
and future benefit accruals shall be determined under this Plan's formula while
a Participant's past service benefit shall equal the accrued benefit
transferred to the Plan.

          In no event shall a Participant's UCN Annuity Pension Benefit under
this Plan be less than the accrued benefit he earned under the Affiliated
Company's plan as of the date such benefit is transferred to the Plan,
including early retirement benefits, retirement-type subsidies and optional
forms of benefits, all as determined pursuant to Code section 411(d)(6)
regulations thereunder.

          A Participant in this Plan shall be credited with all Years of
Service with the Employer and with any Affiliated Company for purposes of
eligibility, vesting and entitlement to benefits, whether or not the
Participant had an accrued benefit in another plan that has been transferred to
this Plan.

          (b) Transfer to a Partner. If a Participant is transferred prior to
the Effective Date from the Participating Employer directly to a Partner, the
Participant may elect to transfer his UCN Annuity Pension Benefit under this
Plan and assets equivalent to the present value of his UCN Annuity Pension
Benefit (using the PBGC required interest rate in effect on the first day of
the Plan Year in which the transfer is elected) to the Partners' defined
benefit pension plan. Any such transfer shall be subject to the terms and
conditions of the Partner's Plan.

     Section 5.04 UCN Annuity Pension Benefit Freeze. Notwithstanding anything
herein to the contrary, all UCN Annuity Pension Benefits under the Plan as of
December 31, 1996 shall be frozen as of such date and no further UCN Annuity
Pension Benefits shall accrue after December 31, 1996.

     Section 5.05 20% UCN Annuity Pension Benefit Increase. Each Plan
Participant who is on the active payroll as of January 1, 1996 who has five or
more Years of Service under this Plan upon the earlier of (a) termination of
employment or (b) December 31, 1996, shall have his UCN Annuity Pension Benefit
at the earlier of (1) termination of employment or (2) December 31, 1996
increased by 20%. For this purpose, an eligible Participant's UCN Annuity
Pension Benefit shall include the three year average and compensation changes
described in Section 5.01 above.

                                      21
<PAGE>

                                   ARTICLE VI

                    TRANSITION BENEFIT ACCOUNTS AND CREDITS

     Section 6.01 Establishment of Transition Benefit Account. A Transition
Benefit Account shall be established and maintained for each Active Participant
and credits shall be made to such Account in accordance with the provisions of
this Article VI. The Transition Benefit Accounts established and maintained
hereunder are for bookkeeping purposes only and shall not be construed as
creating for any Employee a right to specific assets of the Plan.

     Section 6.02 Allocations to Transition Benefit Account. Transition Benefit
Credits and Interest Credits generally shall be allocated to the Transition
Benefit Account of an Active Participant in accordance with this Section 6.02
until such Participant's Benefit Payment Date. Transition Benefit Credits and
Interest Credits with respect to a Participant's period of Qualified Military
Service shall be provided in accordance with section 414(u) of the Code.

          (a) Allocation of Transition Benefit Credits. The Transition Benefit
Account of each Active Participant who completes a Year of Participation during
a Plan Year shall be increased as of the last day of such Plan Year, or, if
earlier, as of the Participant's Benefit Payment Date, by the amount of
Transition Benefit Credits allocable under Section 6.03.

          (b) Allocation of Interest Credits. Interest Credits on the balance
of each Participant's Transition Benefit Account shall be allocated to the
Participant's Transition Benefit Account as of the last day of the Plan Year in
accordance with Section 6.04. Interest Credits shall continue to be allocated
to the Transition Benefit Account of a Participant who has incurred a
Separation from Service until such Participant's Benefit Payment Date and the
applicable interest crediting rate shall be prorated for any interest
computation period shorter than a Plan Year.

     Section 6.03 Transition Benefit Credits. Each Plan Year, Transition
Benefit Credits shall be credited to the Transition Benefit Account of each
Active Participant who completes a Year of Participation during such Plan Year
in an amount equal to 2 percent of his Compensation.

     Section 6.04 Interest Credits. Each Participant's Transition Benefit
Account shall be credited with interest based on the balance of the
Participant's Transition Benefit Account and an interest rate equal to the
annual rate of interest on 30-year Treasury securities (or any replacement
index specified by the Secretary of the Treasury under section
417(e)(3)(A)(ii)(II) of the Code) for the second month prior to the first day
of the applicable Plan Year, compounded annually. If an Active Participant has
a Separation of Service during a Plan Year, he shall receive a prorated portion
of the Interest Credit equal to the Interest Credit for the Plan Year
multiplied by a fraction, the numerator of which is the number of full months
of employment the Participant completed prior to his Separation from Service
and the denominator of which is 12. Such interest shall be

                                      22
<PAGE>

credited to the Participant's Transition Benefit Account prior to the crediting
of Transition Benefit Credits under Section 6.03 with respect to such Plan
Year.

     Section 6.05 Termination of Transition Benefit Account. A Participant's
Transition Benefit Account shall be terminated as follows:

          (a) Commencement of Distribution. If distributions commence under
Article X to the Participant, the Participant's Transition Benefit Account
shall be terminated as of the Participant's Benefit Payment Date.

          (b) Death of a Participant. If a Participant dies prior to the
Benefit Payment Date at a time when the Participant was fully vested in his
Transition Benefit Account, the Participant's Transition Benefit Account shall
cease to exist upon commencement of the death benefit described in Section 9.02
or 9.03.

          (c) Separation from Service Prior to Vesting. A Participant's
Transition Benefit Account shall be eliminated if a non-vested Participant is
deemed to have received a zero-dollar distribution of the Participant's entire
nonforfeitable Accrued Benefit as of the Participant's Separation from Service
in accordance with Section 10.01, provided that the Transition Benefit Account
shall be restored if the Participant has a Reemployment Commencement Date prior
to the date on which the Participant incurs a Period of Severance of five
consecutive years. In such a case, the Transition Benefit Account shall be
restored to the same balance it would have had if it had never been eliminated,
taking into account the Interest Credits which would have accrued in the
interim.

                                      23
<PAGE>

                                  ARTICLE VII

                                ACCRUED BENEFIT

          Section 7.01 Accrued Benefit. Subject to the rules prohibiting
cut-backs under Appendix C with respect to portability benefits and except as
provided in Section 7.02 (Code Section 415 Limits), a Participant's Accrued
Benefit under the Plan shall be equal to the Participant's Transition Benefit
Account, if any, plus the following pension benefits, if any:

          (a) The UCN Annuity Pension Benefit determined pursuant to Article V;
and

          (b) The AirTouch Annuity Pension Benefit determined pursuant to
Appendix C.

     Section 7.02 Maximum Benefit Limitations.

          (a) Maximum Benefit Limitations. A Participant's Accrued Benefit
under the Plan shall not exceed the amount set forth in section 415 of the
Code, the limitations of which are hereby incorporated by reference to the
Plan. For purposes of this Section 7.02, the term "compensation" for a
Limitation Year is defined in Section 2.13(c) of the Plan.

          (b) Combined Plans and Affiliated Companies Limitations.

               (1) If the Participant is a participant in any other qualified
defined benefit pension plan sponsored by a Participating Employer or an
Affiliated Company, the Participant's pension benefit under such other plan
shall be aggregated with his projected benefit under the Plan, and the benefit
under the Plan and such other plan shall be reduced proportionally, to the
extent necessary, so that the aggregate of such benefits does not exceed the
limitations set forth in this Section.

               (2) If the Participant is a participant in one or more qualified
defined contribution plans sponsored by a Participating Employer or an
Affiliated Company, his benefit under the Plan and any other defined benefit
plan sponsored by a Participating Employer or an Affiliated Company shall be
reduced proportionally, to the extent necessary, to meet the combined plan
limits of section 415(e) of the Code; provided, however, that prior to the
Effective Date, the Employee Benefits Committee in its discretion reduced any
such contributions or other benefits, including UCN Annuity Pension Benefits,
to the extent necessary to meet the combined plan limits of section 415(e) of
the Code; and provided, further that the Accrued Benefit of a Participant who
is credited with an Hour of Service on or after January 1, 2000 shall not be
reduced to meet such limit with respect to payments due on or after January 1,
2000.

          (c) Cost of Living Adjustments. If the maximum dollar limitation
under this Section 7.02 and under section 415 of the Code is increased in
accordance with cost of living adjustments pursuant to section 415 of the Code,
all UCN Annuity Pension Benefits in pay status that are subject to such
limitation shall increase to the maximum

                                      24
<PAGE>

level permitted taking into account the cost of living adjustment, provided
that in no event shall a Participant's UCN Annuity Pension Benefit be increased
to more than the level of the Participant's UCN Annuity Pension Benefit under
the Plan calculated without regard to the Code's dollar limitation.

                                      25
<PAGE>

                                  ARTICLE VIII

                              RETIREMENT BENEFITS

          Section 8.01 Normal Retirement Benefits. Each Participant who has a
Separation from Service upon attaining Normal Retirement Age shall be entitled
to receive a monthly pension commencing as of his Normal Retirement Date equal
to the Participant's Accrued Benefit or its Actuarial Equivalent in a form set
forth in Article X. Each Participant shall have a fully vested and
nonforfeitable interest in his Accrued Benefit upon attainment of Normal
Retirement Age while an Employee.

          Section 8.02 Postponed Retirement Benefits. In the event that the
Participant remains an Employee after his Normal Retirement Date, he shall be
entitled to a monthly pension commencing as of his Postponed Retirement Date.
The Participant's benefit commencing as of the date described in the preceding
sentence shall equal his Accrued Benefit (or the Actuarial Equivalent in a form
set forth in Article X) determined as of his Postponed Retirement Date;
provided, however, that a Participant's UCN Annuity Pension Benefit shall be
equal to the Section 5.01 formula benefit using the Participant's relevant
service and Compensation as of the earlier of the date he terminates employment
or December 31, 1996. No actuarial adjustment shall be made to account for the
benefit payments commencing after Normal Retirement Age provided, however, for
any Participant whose Required Beginning Date is April 1 of the calendar year
after the year in which he incurs a Separation from Service, an Actuarial
Equivalent adjustment to reflect commencement of payments after April 1
following the calendar year in which he attained age 70-1/2. The Actuarial
Equivalent adjustment described in the preceding sentence for any year shall
reduce (but not below zero) any increase in the Participant's Accrued Benefit
for the year attributable to additional Transition Benefit Credits and Interest
Credits.

          Section 8.03 UCN Early and Disability Retirement Pension Benefits.

          (a) Unreduced UCN Early Retirement Pension Benefit. A Participant who
reaches age 55 and completes at least 20 Years of Service or who completes at
least 30 Years of Service, regardless of his age, may elect early retirement
with respect to his UCN Annuity Pension Benefit. The amount of his UCN Annuity
Pension Benefit payable as an early retirement benefit shall be determined in
accordance with Article V using the Participant's relevant service and
Compensation as of the earlier of the date he terminates employment or December
31, 1996. This benefit shall be payable on the Participant's Early Retirement
Date without reduction to take account of its being paid prior to Normal
Retirement Age.

          (b) Reduced UCN Early Retirement Pension Benefit. Each Participant
who reaches age 50 but not 55 and who has completed at least 25 Years of
Service may also elect early retirement with respect to his UCN Annuity Pension
Benefit. The amount of this benefit shall be determined in accordance with
Article V using the Participant's relevant service and Compensation as of the
earlier of the date he terminates employment

                                      26
<PAGE>

or December 31, 1996. If the benefit is payable prior to age 55 it shall be
reduced by 0.5 percent for each calendar month or part thereof by which his age
at Separation from Service is less than 55 years.

          (c) Eligibility for UCN Retirement Benefits. Notwithstanding anything
herein to the contrary, for purposes of determining whether a Participant has
met the age and service requirements for payment of his UCN Annuity Pension
Benefit as an unreduced and reduced early retirement benefits, the age
requirements and the service requirements shall be reduced by three for each
Participant on the active payroll on or after December 31, 1995. For example,
if an unreduced benefit is normally available for Participants who have reached
age 55 and have 20 Years of Service, under this enhancement, the requirement
shall be reduced to age 52 with 17 Years of Service.

          (d) Eligibility for UCN Retirement Benefits Pending NYNEX Corporation
Pension Plan Eligibility. Effective as of [January 1, 1997], a Participant with
a benefit under the NYNEX Corporation Pension Plan shall be eligible for an
unreduced pension under this Plan if the requirements described above are met
equal for the Participant's UCN Annuity Pension Benefit and the unreduced
pension benefit that the Participant would be eligible to receive under the
NYNEX Corporation Pension Plan as if he met such eligibility requirements;
provided, however, that such unreduced pension shall terminate when the
Participant otherwise satisfies the eligibility requirements for an unreduced
pension under the NYNEX Corporation Pension Plan.

          (e) UCN Early Retirement Pension Benefit Commencement.

               (1) A Participant described in subsection (a), (b), (c), or (d)
above may elect in writing, no earlier than 90 days prior to his Benefit
Payment Date and in no event earlier than the date he receives the explanation
described in Section 10.02(b)(4), to receive, in lieu of the benefit starting
as of his Normal Retirement Date, a benefit determined as described in
subsection (a), (b), (c), or (d) above hereof (or its Actuarial Equivalent in a
form set forth in Article X) starting as of his Early Retirement Date or the
first day of any month thereafter prior to his Normal Retirement Date. A
Participant's Benefit Payment Date shall not occur earlier than 30 days after
the Participant receives the explanation described in Section 10.02(b)(4).

          (f) UCN Annuity Disability Benefit. A Participant with 15 Years of
Service who has a Separation from Service on account of Total Disability before
he is eligible for a normal or early UCN retirement benefit shall be entitled
to receive a disability pension benefit commencing at what would have been the
Participant's Normal Retirement Date. The amount of this benefit shall be
determined in accordance with Article V using the Participant's relevant
service and Compensation as of the earlier of the date he has a Separation from
Service or December 31, 1996.

     Section 8.04 Deferred Vested Benefit.

          (a) Transition Benefit Account. A Participant who has a Separation
from Service prior to the time he is eligible to retire on a Normal Retirement
Date but after he has completed three (3) or more Years of Vesting Service or
suffered a Total

                                      27
<PAGE>

Disability shall be fully vested and entitled to receive his Transition Benefit
Account as a monthly pension commencing as of his Normal Retirement Date in an
amount which, subject to Section 7.02, is equal to his Transition Benefit
Account (or its Actuarial Equivalent in a form set forth in Article X),
determined as of his Separation from Service with Interest Credits until the
Participant's Benefit Payment Date; unless it is cashed out earlier in
accordance with Section 10.01 or, at the Participant's election, is paid at a
date on or before the Participant's Normal Retirement Age.

          (b) UCN Annuity Pension Benefit. A Participant who has five or more
Years of Service and has a Separation from Service before he is eligible for a
normal or an early retirement benefit as described in Section 8.03(a) or (b),
as modified by (c) or (d) (if applicable) shall be entitled to receive a
deferred vested benefit with respect to his UCN Annuity Pension Benefit. The
amount of this benefit shall be equal to the Participant's UCN Annuity Pension
Benefit as of the earlier of the date he terminates employment or December 31,
1996. This deferred vested benefit shall be paid commencing on what would have
been the Participant's Normal Retirement Date unless it is cashed out earlier
in accordance with Section 10.01 or, at the Participant's election, is paid at
what would have been the Participant's Early Retirement Date, providing that
the Participant has sufficient service and has reached the age or ages
prescribed in Sections 8.03 (a) or (b) as modified by (c), which ever is
applicable. If a Participant elects to have his deferred vested benefit paid
prior to Normal Retirement Age, the monthly benefit shall be reduced to the
Actuarial Equivalent of the benefit which would have been payable at his Normal
Retirement Date. All UCN Annuity Pension Benefits accrued under the Plan as of
December 31, 1996 shall become or shall remain 100% vested.

          (c) Deferred Vested Benefit Commencement.

               (1) A Participant who satisfies the requirements in subsection
(a) may elect in writing, no earlier than 90 days prior to his Benefit Payment
Date and in no event earlier than the date he receives the explanation
described in Section 10.02(b)(4), to receive, in lieu of the benefit starting
as of his Normal Retirement Date, a benefit starting, or payable, as of the
first day of the month coincident with or next following his Separation from
Service, or the first day of any month thereafter but no later than his Normal
Retirement Age, which benefit shall be the Actuarial Equivalent of his
Transition Benefit Account and payable in a form set forth in Article X.

               (2) A Participant who satisfies the requirements in subsection
(b) may elect in writing, no earlier than 90 days prior to his Benefit Payment
Date and in no event earlier than the date he receives the explanation
described in Section 10.02(b)(4), to receive, in lieu of the benefit starting
as of his Normal Retirement Date, a benefit starting, or payable, as of the
earlier date set forth in subsection (b), which benefit shall be the Actuarial
Equivalent of his UCN Annuity Pension Benefit which would have been payable at
this Normal Retirement Date and payable in a form set forth in Article X.

               (3) Notwithstanding the foregoing, a Participant's Benefit
Payment Date shall not occur earlier than 30 days after the Participant
receives the explanation described in Section 10.02(b)(4).

                                      28
<PAGE>

     Section 8.05 Failure to Elect Payment by Normal Retirement Age. If a
Participant (a) who was formerly an Active Participant, (b) who incurred a
Separation from Service after becoming vested in his Accrued Benefit, and (c)
who has not received a complete distribution of his Accrued Benefit, fails to
elect to receive payment in a particular optional form of payment described in
Section 10.03 by the date the Participant attained Normal Retirement Age, then
the Employee Benefits Committee may commence payment in the automatic form of
benefit described in Section 10.02(a)(1) or (2), as applicable in accordance
with Section 15.01 of the Plan.

     Section 8.06 Normal Retirement Benefit. The amount of the normal
retirement benefit provided shall be the greater of what a Participant or
Vested Participant could have received under the early retirement provisions of
the Plan or the benefit commencing at his Normal Retirement Date.

     Section 8.07 Benefits Not Affected by Subsequent Social Security Changes.
Any benefits which are being paid to a Participant or Beneficiary under this
Plan and the vested benefit of a Participant who has separated from the service
of a Participating Employer shall not be decreased by reason of any
post-separation increase in the benefit levels or the wage base under Title II
of the Social Security Act effective after the later of September 2, 1974, or
the date of first receipt of any benefit provided by this Plan. In the case of
a Participant who separates from the service of a Participating Employer with a
vested benefit and who returns to employment and participation in the Plan, his
vested benefit shall not be decreased by reason of any post-separation increase
in Social Security benefit levels or the wage base effective after September 2,
1974, and during separation from service which would decrease the benefits to
which he would have been entitled had he not returned to service after his
separation.

                                      29
<PAGE>

                                   ARTICLE IX

                                 DEATH BENEFITS

     Section 9.01 Death after Benefit Payment Date. In the event of the death
of a Participant whose benefits are in "pay status" (i.e., after his Benefit
Payment Date), the death benefit shall be determined by the form of payment in
effect for the Participant at the time of his death.

     Section 9.02 Death Prior to Benefit Payment Date.

          (a) UCN Pension Death Benefit. Upon the death of a Participant with a
UCN Annuity Pension Benefit who dies prior to his Benefit Payment Date and who
dies after becoming vested in his Accrued Benefit, his surviving Spouse shall
be entitled to a Qualified Pre-Retirement Survivor Annuity. In the case of a
Participant who attained his Early Retirement Date on or before his date of
death, this benefit may commence as early as the first day of the month next
following the date of death. In other cases, the benefit may commence as early
as the first day of the month following what would have been the Participant's
Early Retirement Date.

          (b) Transition Benefit Account Death Benefit. If a Participant dies
prior to his Benefit Payment Date and the Participant was vested in his Accrued
Benefit, which consists of a Transition Benefit Account or a Transition Benefit
Account and a UCN Annuity Pension Benefit, then the Transition Benefit Account
death benefit shall be payable in accordance with this Section 9.02 (b) to the
Participant's Spouse or if the Participant has no Spouse, his Beneficiary.

               (1) Amount of Death Benefit. As applied to any or all of a
deceased Participant's benefit which existed in the form of a Transition
Benefit Account at the time of death, the amount of the Transition Benefit
Account death benefit shall be determined as follows:

                    (A) If the Transition Benefit Account death benefit is
payable in the form of a single-sum distribution, then the aggregate amount of
the benefit shall be equal to the single-sum distribution which the Participant
would have been eligible to receive if the Participant had a Separation from
Service on the date of death, survived to the Benefit Payment Date, and elected
a benefit in the form of a single-sum distribution.

                    (B) If the Transition Benefit Account death benefit is
payable in the form of a single life annuity, then the amount shall be the
Actuarial Equivalent of the Participant's Transition Benefit Account on the
Benefit Payment Date, based on the age of the designated Beneficiary on the
Benefit Payment Date.

               (2) Form of Payment. A Participant's Spouse may elect to receive
the Transition Benefit Account death benefit described in (b)(1) above either
in the form of a single life annuity or in the form of a single-sum
distribution. If the Participant does not have a Spouse, the Transition Benefit
Account death benefit

                                      30
<PAGE>

described in (b)(1) above payable to the Participant's Beneficiary shall be
paid solely in the form of a single-sum distribution. An election by the Spouse
to receive a single-sum distribution must be made by notification to the
Employee Benefits Committee within the 90-day period ending on the Benefit
Payment Date. Any election for a single-sum distribution may be revoked by the
Spouse during the specified election period. Such revocation shall be effected
by written notification to the Employee Benefits Committee. Following such
revocation, another election may be made at any time during the specified
90-day election period.

               (3) Benefit Payment Date. The Benefit Payment Date for the
Transition Benefit Account death benefit shall be the later of (A) the earliest
date on which the Participant would have been eligible to receive his benefit
pursuant to Article X, or (B) the first day of the month following the month in
which the Participant's death occurs, unless the Spouse is the sole Beneficiary
and elects, in writing, to defer payment until the later of (i) the
Participant's Normal Retirement Date or (ii) the first day of the month
following the month in which the Participant's death occurs. If the Beneficiary
is the estate, a trust or one or more designated Beneficiaries, then the
Beneficiary(ies) shall have no right to defer the Benefit Payment Date in the
manner stated above.

     Section 9.03 Small Cash Balance Death Benefits. Notwithstanding any other
provision of this Article IX, if the death benefit payable on behalf of a
deceased Participant has a single-sum distribution value of $5,000 or less
($3,500 or less prior to January 1, 1998) as of the Benefit Payment Date, such
benefit shall be distributed to the Participant's Beneficiary determined
pursuant to Section 10.11 as soon as practicable following the Participant's
death in the form of a single-sum distribution.

     Section 9.04 Minimum Distribution Requirements. Distributions under the
Plan shall otherwise comply with the requirements of section 401(a)(9) of the
Code and the regulations thereunder, including the incidental death benefit
requirements.

     Section 9.05 Sickness Death Benefit. Upon the death of any Employee or any
pensioner who retired on or prior to December 31, 1996 and is receiving UCN
Annuity Pension Benefits as normal, early, deferred or disability pension
benefits in accordance with the provision of Section 8.01, 8.02, 8.03(a)
8.03(b) or 8.03(f) which death is caused by sickness or injury, except an
injury arising in the course of employment with the Participating Employer, a
death benefit will be paid to:

          (a) the spouse of the deceased Employee or pensioner if the spouse is
legally married to him at the time of his death;

          (b) the unmarried child or children under the age of 23 years (or
over that age if physically or mentally incapable of self-support) of the
deceased Employee or pensioner who was actually supported in whole or in part
by the deceased Employee or pensioner at the time of his death;

          (c) a dependent parent who lives in the same household with the
Employee or pensioner or who lives in a separate household in the vicinity
which is provided for the parent by the Employee or pensioner; or

                                      31
<PAGE>

          (d) a trust for the benefit of any of the above beneficiaries.

If none of the enumerated beneficiaries survives the Employee or pensioner, no
death benefit will be paid under this Plan. If two or more of the enumerated
beneficiaries survive the Employee or pensioner, the Employee Benefits
Committee, in its sole discretion, may pay the death benefit to one of the
beneficiaries or allocate it among the beneficiaries in such portions as it may
determine.

The amount of the death benefit shall equal 12 months' wages computed at the
Employee's or pensioner's most recent rate of pay at the date of death or at
retirement, as the case may be. If the Employee or pensioner was not employed
full time, the death benefit shall be prorated in accordance with the ratio
that the individual's usual Hours of Service during a Plan Year bear to the
Hours of Service of full-time employees during a Plan Year. If the Employee or
pensioner is entitled to receive a death benefit from a Partner Plan that is
similar to the benefit provided under this Section, the benefit hereunder shall
be reduced by the death benefit provided under the Partner Plan. For purposes
of this Section, the term rate of pay means the total of the following amounts:
(1) the Employee's annualized base rate of pay at death, (2) all bonuses paid
to the Employee in the calendar year preceding his death and (3) all
commissions paid to the Employee in the calendar year preceding his death. The
term rate of pay shall not include overtime, tier payments or any other form of
special or nonrecurring compensation except for bonuses and commissions
included under the preceding sentence.

The term rate of pay shall not include overtime or any other form of special or
nonrecurring compensation except for bonuses and commissions included under the
preceding sentence, or any amounts in excess of $170,000 (as adjusted for cost
of living increases under section 401(a)(17) of the Code) paid to an Employee
during any Plan Year.

An Employee or pensioner may file with the Employee Benefits Committee a
written direction that the death benefit will be paid to his beneficiary in
equal monthly installments over any period of years up to ten. In the absence
of such written direction, the Employee Benefits Committee in its sole
discretion may pay the death benefit in a lump sum or in installment payments,
the number and size of which may be varied by the Employee Benefits Committee
as circumstances may indicate.

                                      32
<PAGE>

                                   ARTICLE X

              METHOD AND TIMING OF RETIREMENT BENEFIT DISTRIBUTION

     Section 10.01 Cash-Outs.

          (a) Cash-Outs. Notwithstanding anything herein to the contrary, if
the Actuarial Equivalent single sum present value, determined as of the Benefit
Payment Date, of the vested Accrued Benefit payable to a Participant in
accordance with Article VIII does not exceed $5,000, such vested Accrued
Benefit shall be paid, as soon as administratively practicable following the
Participant's Separation from Service (prior to the Effective Date within one
year of termination of participation with respect to a UCN Annuity Pension
Benefit), as a single-sum in settlement of all liabilities of the Plan in
connection with the Participant; provided, however, that such benefit has not
commenced in any other form. Notwithstanding the preceding sentence, prior to
January 1, 2001, such a distribution would be made only if the Actuarial
Equivalent single sum present value, determined as of the Benefit Payment Date,
of the vested Accrued Benefit payable to the Participant did not exceed $3,500
and had never exceeded $3,500 at the time of any prior distribution.

          (b) Cash-Out Window. Notwithstanding anything herein to the contrary,
the vested Accrued Benefit of each Participant who incurred a Separation from
Service prior to December 31, 2001 shall be distributed in the manner described
in Section 10.01(a) as soon as administratively practicable after December 31,
2001 if the Actuarial Equivalent single-sum value of the Participant's vested
Accrued Benefit does not exceed $5,000; provided that the Participant has not
been rehired prior to the Benefit Payment Date.

          (c) Deemed Cash-Outs. If the present value of a Participant's vested
Accrued Benefit at the time of his Separation from Service is zero, the
Participant shall be deemed to have received a single-sum payment of his entire
vested Accrued Benefit as of the date of his Separation from Service.

     Section 10.02 Benefits Not Described in Section 10.01.

          (a) Automatic Form of Payment. Where benefits are not subject to the
provisions of Section 10.01, the portion of the Participant's Accrued Benefit
attributable to his AirTouch Annuity Pension Benefit shall be paid as set forth
in Appendix C and the portion of his Accrued Benefit attributable to his UCN
Annuity Pension Benefit and his Transition Benefit Account shall be paid as
follows:

               (1) if a Participant does not have a Spouse as of his Benefit
Payment Date, benefits shall be paid in the form of a single life annuity
payable monthly during the Participant's lifetime with no further payments on
his behalf after his death.

               (2) if a Participant does have a Spouse as of his Benefit
Payment Date, the Participant's benefits shall be paid in the form of a
Qualified Joint and

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Survivor Annuity which is the Actuarial Equivalent of the Participant's vested
Accrued Benefit.

          (b) Waiver of Automatic Form of Payment.

               (1) Participant's Waiver Rights. At any time during the
applicable election period but not thereafter, a Participant described in
Section 10.02 may elect in writing in a form acceptable to the Employee
Benefits Committee to waive payment under the automatic form of payment
described in that Section and elect to receive payment in an optional form of
payment described in Section 10.03. For the purposes hereof, the applicable
election period shall be the 90-day period ending on the Benefit Payment Date.

               (2) Revocation of Waivers. Any waiver and election delivered by
the Participant to the Employee Benefits Committee in accordance with the
provisions of paragraph (1) hereof may be revoked by the Participant upon
written notice delivered to the Employee Benefits Committee prior to the
Benefit Payment Date.

               (3) Spouse's Consent. A married Participant's waiver and
election under paragraph (1) shall be effective only if:

                    (A) the Participant's Spouse (or the Spouse's legal
guardian if the Spouse is legally incompetent) executes a written instrument
whereby such Spouse irrevocably consents to such election and to the specific
form of payment and/or alternate Beneficiary elected by the Participant, and
such instrument acknowledges the effect of the election to which the Spouse's
consent is given and is witnessed by a notary public (prior to the Effective
Date, or by a Plan representative); or

                    (B) the Participant (i) establishes to the satisfaction of
the Employee Benefits Committee that the consent of the Spouse cannot be
obtained because the Spouse cannot be located or because of other circumstances
that may be prescribed in applicable regulations, or (ii) furnishes a court
order to the Employee Benefits Committee establishing that the Participant is
legally separated or has been abandoned (within the meaning of local law),
unless a QDRO provides that the Spouse's consent must be obtained.

               (4) Explanations to Participants. The Employee Benefits
Committee shall provide to each Participant, or the Spouse of a deceased
Participant who is entitled to a benefit pursuant to Section 9.02 no more than
90 days and no less than 30 days prior to his Benefit Payment Date, a written
explanation of:

                    (A) the terms and conditions of all forms of payment
available to the Participant or the Spouse of a deceased Participant, including
information explaining the relative values of each form of payment;

                    (B) the Participant's or the Spouse's right to waive the
automatic form of payment and the effect of such waiver;

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<PAGE>

                    (C) the rights of the Participant's Spouse with respect to
such waiver;

                    (D) the right to revoke an election to receive an optional
form of payment and the effect of such revocation; and

                    (E) if the Participant has not attained Normal Retirement
Age, the Participant's right to defer commencement of his benefit until his
Normal Retirement Age.

          (c) Commencement of Benefit Payments. The payment of the portion of a
Participant's Accrued Benefit attributable to his AirTouch Annuity Pension
Benefit shall commence as set forth in Appendix C. The payment of the portion
of a Participant's Accrued Benefit attributable to his UCN Annuity Pension
Benefit and his Transition Benefit Account shall normally begin no later than
April 1 following the calendar year during which the Participant dies, suffers
a Total Disability or reaches his Normal, Early or Postponed Retirement Date,
as the case may be, and has terminated employment with the Participating
Employer or an Affiliated Company provided that no benefit having a present
value of more than $5,000 ($3,500 prior to January 1, 1998) shall be paid prior
to the Participant's reaching Normal Retirement Age without the consent of such
Participant. In the event of the death of a Participant before his Early or
Normal Retirement Date, no optional benefit shall be paid.

     Section 10.03 Optional Forms of Benefit Distribution.

          (a) Optional Forms. The optional benefits, all of Actuarial
Equivalent value, which a Participant may elect pursuant to Section 10.02(b)
are as follows:

               (1) A married Participant may elect to receive the portion of
his Accrued Benefit attributable to his UCN Annuity Pension Benefit and his
Transition Benefit Credit in the form of a straight life annuity.

               (2) A Participant with a UCN Annuity Pension Benefit may elect
to receive the portion of his Accrued Benefit attributable to his UCN Annuity
Pension Benefit in the form of a reduced benefit payable during the
Participant's life equal to 90 percent of the benefit to which he would
otherwise be entitled with the provision that after his death an income at
one-half the rate of his reduced benefit payable to his designated parent
during the parent's life. If the parent predeceases the Participant, the
benefits thereafter payable to the Participant shall revert to the unreduced
amount to which he would have otherwise been entitled.

               (3) A Participant with a Transition Benefit Account may elect to
receive the portion of his Accrued Benefit attributable to his Transition
Benefit Account in the form of a single sum cash payment that is the Actuarial
Equivalent of his entire vested Transition Benefit Account.

          (b) Death Prior to Benefit Payment Date. In the event of the death of
a Participant prior to his Benefit Payment Date, the Participant's election
hereunder shall be void and of no effect.

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<PAGE>

     Section 10.04 Minimum Distribution Requirements. Notwithstanding anything
in the Plan to the contrary, the form and timing of all distributions under the
Plan shall be in accordance with Treasury regulations under section 401(a)(9)
of the Code and regulations thereunder, including the incidental death benefit
requirements of section 401(a)(9)(G) of the Code and regulations thereunder.

     Section 10.05 Required Payment Date. Benefits payable by reason of a
Participant's retirement (including deferred vested benefits) shall normally be
paid as provided in applicable Sections of this Article and Article VIII, as
applicable. Unless the Participant elects otherwise, retirement benefits shall
commence not later than the 60th day after the latest of the close of the Plan
Year in which (i) occurs the date on which the Participant attains his Normal
Retirement Age, (ii) occurs the tenth anniversary of the year in which the
Participant commenced participation in the Plan or (iii) the Participant has a
Separation from Service. The failure of a Participant to apply for his benefit
pursuant to Section 10.08 by the date prescribed in the preceding sentence
shall be deemed an election to defer payment to a later date. Notwithstanding
the foregoing, the Participant's Benefit Payment Date shall in no event be
later than his Required Beginning Date.

     Section 10.06 Accruals While Benefits Are In Pay Status.

          (a) Annual Adjustment. In the event that a Participant is credited
with a benefit accrual during and/or after the Plan Year in which the
Participant attains Normal Retirement Age and after his Benefit Payment Date,
the amount of pension payable to the Participant as determined as of his
Benefit Payment Date shall be adjusted annually as of each January 1 following
his Benefit Payment Date which is prior to the date the Participant ceases to
accrue benefits under the Plan (or as of the date the Participant ceases to
accrue benefits if before the next applicable January 1).

          (b) Amount of Adjustment. Such annual adjustment shall include any
increase (but not any decrease) in the Participant's Accrued Benefit,
determined in accordance with Article VI, as a result of additional Interest
Credits, Transition Benefit Credits and Compensation, (including, for any
period that would not constitute Suspension Service under Section 10.13(b)(2),
an Actuarial Equivalent adjustment to such increase to reflect payment
commencing after the Participant's Normal Retirement Age) since the
Participant's Benefit Payment Date or the last such annual adjustment,
whichever applies. In addition, such annual adjustment shall be reduced (but
not below zero) by the Actuarial Equivalent of any benefits paid to the
Participant since his Benefit Payment Date during any period that would have
constituted Suspension Service under Section 10.13(b)(2) had the Participant
not reached his Required Beginning Date, to the extent not previously taken
into account under this Section; provided, however, that the amount, if any, of
the benefits paid to the Participant which exceeds the amount the Participant
would have received if distribution had been made in the automatic form of
benefits described in Section 10.02(a)(1) or (2), whichever applies, for such
Participant shall be disregarded in determining the Actuarial Equivalent of
such benefits for purposes of the reduction described in this sentence.

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<PAGE>

          (c) Form of Payment of Additional Accruals. In the event that the
amount of pension payable to a Participant is adjusted pursuant to Section
10.06(a) and (b) hereof, any such additional amount shall be paid by increasing
the amount due in the form of benefit as in effect for previous payments made
or commencing as of the Participant's Benefit Payment Date.

     Section 10.07 Distributed Contracts. The methods of benefit payout under
any Contract distributed by the Trustee in payment of benefits hereunder shall
be limited to the forms of distribution described in Article VIII and this
Article X.

     Section 10.08 Application for Benefits. Except as provided in Sections
8.05, 10.01, and 15.01(c), benefit payments shall commence when a properly
written application for same is received by the Employee Benefits Committee. No
payments shall be made for the period in which benefits would have been payable
if the Participant, surviving spouse or other or Beneficiary or Alternate Payee
had made timely application therefor; provided, however, that, if the
Participant's Benefit Payment Date or, if the Participant has died, his
Beneficiary's Benefit Payment Date under Article IX, has been delayed until
after the Participant's Normal Retirement Date solely by reason of failure to
make application, and not by reason of Suspension Service as described in
Section 10.13(b)(2), the benefit payable (i) to the Participant on and after
his Benefit Payment Date, or (ii) to the Participant's Beneficiary pursuant to
Article IX on and after the Beneficiary's Benefit Payment Date (but not to any
non-spouse Beneficiary), shall be equal to the Actuarial Equivalent of the
benefit the Participant or the Spouse would have received had benefits
commenced on the Participant's Normal Retirement Date, as determined to reflect
the deferral of benefit commencement.

     Section 10.09 Direct Rollovers.

          (a) Effective January 1, 1993, in the event any payment or payments
(excluding any amount not includible in gross income) to be made under the Plan
to a Participant, a Beneficiary who is the surviving Spouse of a Participant,
or an Alternate Payee who is the spouse of former spouse of a Participant,
would constitute an "eligible rollover distribution," such individual may
request that, in lieu of payment to the individual, all or part of such
eligible rollover distribution be transferred directly from the Fund to the
trustee or custodian of an "eligible retirement plan.

          (b) Any such request shall be made in writing, in such form and
subject to such procedures, requirements, and restrictions as may be prescribed
by the Employee Benefits Committee for such purpose pursuant to Treasury
regulations, at such time in advance of the date such payment would otherwise
be made as may be required by the Employee Benefits Committee.

          (c) For purposes of this Section 10.09, "eligible rollover
distribution" shall mean a distribution from the Plan, excluding (i) any
distribution that is one of a series of substantially equal periodic payments
(not less frequently than annually) over the life (or life expectancy) of the
individual, the joint lives (or joint life expectancies) of the individual and
the individual's designated Beneficiary, or a specified period of ten (10) or
more years, (ii) any distribution to the extent such distribution is required
under

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<PAGE>

section 401(a)(9) of the Code, and (iii) any distribution to the extent such
distribution is not included in gross income.

          (d) For purposes of this Section 10.09, "eligible retirement plan"
shall mean (i) an individual retirement account described in section 408(a) of
the Code, (ii) an individual retirement annuity described in section 408(b) of
the Code (other than an endowment contract), (iii) an annuity plan described in
section 403(a) of the Code, (iv) a qualified plan described under section
401(a) of the Code with a trust which is exempt from tax under section 501(a)
of the Code, the terms of which permit the acceptance of rollover
distributions; provided, however, that (iii) and (iv) shall not apply to a
Beneficiary who is the surviving spouse of a Participant.

     Section 10.10 Non-Duplication of Benefits. Except to the extent provided
otherwise in Appendix C, the benefits due any Participant on account of his
most recent period of employment shall not duplicate any benefits due the same
Participant under this Plan on account of previous employment with a
Participating Employer.

     Section 10.11 Beneficiary Designation Right. Subject to the rights of
Spouses to survivor benefit payments as described in this Article and in
Article IX and any other restrictions on Beneficiary designations contained in
those Articles, each Participant may designate or change the previous
designation of the Beneficiary or Beneficiaries who shall receive benefits, if
any, after his death. All Beneficiary designations shall be made by executing
and filing with the Employee Benefits Committee a form prescribed by the
Employee Benefits Committee and in no other manner. The last such designation
received by the Employee Benefits Committee shall be controlling over any
testamentary or other disposition. The Employee Benefits Committee shall decide
what Beneficiaries have been validly designated and its conclusion shall be
binding on all persons. In the event that the Participant is permitted to
designate a Beneficiary and fails to do so, or in the event that the
Participant is predeceased by all designated Beneficiaries, the Participant
shall be deemed to have designated as his Beneficiary the Participant's Spouse
or, if there is no Spouse, the Participant's estate.

     Section 10.12 Form and Content of Spouse's Consent. A Spouse may consent
to the designation of one or more Beneficiaries other than such Spouse provided
that such consent shall be in writing, must consent to the specific alternate
Beneficiary or Beneficiaries designated (or permit Beneficiary designations by
the Participant without the Spouse's further consent), must acknowledge the
effect of such consent, and must be witnessed by a notary public. Such Spouse's
consent shall be irrevocable, unless expressly made revocable. The consent of a
Spouse in accordance with this Section shall not be effective with respect to
any subsequent Spouse of the Participant.

     Section 10.13 Suspension of Benefit Rules.

          (a) Reemployment After Benefit Commencement. During any period of
reemployment, any benefits that had commenced to be paid to the Participant
under the Plan prior to his reemployment shall continue to be paid under the
Plan to the Participant in accordance with the Participant's prior election and
the terms of the Plan; provided, however, that any benefits that have already
been suspended under the terms of

                                      38
<PAGE>

the applicable plan in effect as of December 31, 2000 shall continue to be
suspended under such terms.

          (b) Suspensions after Normal Retirement Date. No benefit shall be
paid to any Participant under the Plan during any period of employment after
his Normal Retirement Date with respect to any month in which the Participant
has any Suspension Service, as described in Section 10.13(b)(2) hereof in
accordance with the following rules:

               (1) Commencement of Benefits. Subject to such notice
requirements as may be prescribed by the Employee Benefits Committee, benefits
suspended under this subsection (b) shall commence no later than the earliest
of (i) the first day of the month next following the Participant's Separation
from Service or (ii) the first day of the month following the month in which he
first fails to have Suspension Service as described in Section 10.13(b)(2). The
benefit payments shall be calculated to include years of Transition Benefit
Credits (if any) credited during such period of Suspension Service, and no
actuarial or other adjustment shall be made to the Participant's benefit so as
to reflect payments suspended with respect to those months during which such
Participant was credited with Suspension Service. In addition, such payment
shall be offset by (i) any benefit paid with respect to a month in which the
Participant had Suspension Service where the amount so paid has not been
returned or repaid to the Fund by the Participant as described in Section
10.13(b)(3) and (ii) the Actuarial Equivalent of the benefits paid prior to the
Participant's Normal Retirement Date.

               (2) Suspension Service. A Participant shall be deemed to have
Suspension Service after his Normal Retirement Date, but prior to his Required
Beginning Date, in any month in which he receives payment for any Hours of
Service performed on each of eight (8) or more days (or separate shifts).

               (3) Offset. To the extent that the Plan has paid benefits to a
Participant with respect to any month in which he has Suspension Service as
described in Section 10.13(b)(2) which amounts have not previously been
recovered by the Plan, the Plan shall defer commencement of benefits under
Section 10.13(b)(1) hereof for a period of two (2) calendar months, or until
the amounts paid with respect to months in which the Participant has Suspension
Service have been recovered (without interest), whichever is the first to
occur. If, at the end of the said two-month period there remains an unrecovered
amount which was paid to the Participant during or with respect to a period of
Suspension Service, such amount shall be recovered (without interest) by the
Plan by reducing each benefit payment due the Participant or the Participant's
Spouse or other Beneficiary after benefit commencement by the lesser of:

                    (A) the excess of the amount of the benefits paid to the
Participant with respect to months in which the Participant had Suspension
Service over the amount of such benefits which have been restored to, or
recovered by, the Plan, or

                    (B) 25% of the Participant's monthly benefit payments.

                                      39
<PAGE>

               (4) Notifications. No payment shall be withheld or suspended by
the Plan pursuant to this subsection (b) until the Plan has notified the
Participant by personal delivery or first class mail of the fact that such
withholding or suspension is occurring or will occur. Such notification will
contain a detailed description of the specific reasons why benefit payments are
being suspended or withheld, a general description of the Plan provisions
relating to the suspension of benefit payments, a copy of such provisions, and
a statement that the applicable Department of Labor regulations governing
suspensions of benefits may be found at Title 29, Code of Federal Regulations,
ss.2530.203-3. The notification shall also advise the Participant to whom
directed of the Plan's procedure for affording a review of the suspension of
benefits. In the event any payment is withheld or suspended prior to the
provision of notice as described in thins Section, the Participant's benefit
payable thereunder shall be actuarially increased, using the Plan's factors for
determining Actuarial Equivalent benefits, to compensate for such withholding
or suspension.

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                                   ARTICLE XI

                     PROVISIONS RELATING TO TOP-HEAVY PLANS

     Section 11.01 Definitions. For purposes of this Article XI, the following
terms shall have the following meanings:

          (a) "Aggregation Group" shall mean the group of qualified plans
sponsored by a Participating Employer or by an Affiliated Company formed by
including in such group (i) all such plans in which a Key Employee participates
in the Plan Year containing the Determination Date, or any of the four (4)
preceding Plan Years, including any frozen or terminated plan that was
maintained within the five-year period ending on the Determination Date, (ii)
all such plans which enable any plan described in clause (i) to meet the
requirements of either section 401(a)(4) or section 410 of the Code, and (iii)
such other qualified plans sponsored by a Participating Employer or an
Affiliated Company as the Company elects to include in such group, as long as
the group, including those plans electively included, continues to meet the
requirements of sections 401(a)(4) and 410 of the Code.

          (b) "Determination Date" shall mean the last day of the preceding
Plan Year or, in the case of the first Plan Year, the last day of such Plan
Year.

          (c) "Key Employee" shall mean a person employed or formerly employed
by a Participating Employer or an Affiliated Company who, during the Plan Year
or during any of the preceding four (4) Plan Years, was any of the following:

               (1) An officer of a Participating Employer having an annual
Compensation of more than 50% of the amount in effect under section
415(b)(1)(A) of the Code for the Plan Year. The number of persons to be
considered officers in any Plan Year and the identity of the persons to be so
considered shall be determined pursuant to the provisions of section 416(i) of
the Code and the regulations published thereunder.

               (2) One of the 10 Employees who owns (or is considered as owning
under the attribution rules set forth at section 318 of the Code and the
regulations thereunder) the largest interest in a Participating Employer or an
Affiliated Company, provided that no person shall be considered a Key Employee
under this paragraph (2) if his annual Compensation is not greater than the
limitation in effect for such Plan Year under section 415(c)(1)(A) of the Code,
nor shall any person be considered a Key Employee under this paragraph (2) if
his ownership interest in the Plan Year being tested and the preceding four (4)
Plan Years was at all times less than 1/2% in value of any of the entities
forming the Participating Employers and the Affiliated Companies.

               (3) A five-percent (5%) owner of a Participating Employer or an
Affiliated Company within the meaning of section 416(i) of the Code.

               (4) A person who is both an Employee whose annual Compensation
exceeds $150,000 and who is a one-percent (1%) owner of a Participating
Employer or an Affiliated Company within the meaning of section 416(i) of the
Code.

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<PAGE>

The beneficiary of any deceased Participant who was a Key Employee shall be
considered a Key Employee for the same period as the deceased Participant would
have been so considered.

          (d) "Key Employee Ratio" shall mean the ratio (expressed as a
percentage) for any Plan Year, calculated as of the Determination Date with
respect to such Plan Year, determined by dividing the amount described in
paragraph (1) hereof by the amount described in paragraph (2) hereof, after
deduction from both such amounts the amount described in paragraph (3) hereof.

               (1) The amount described in this paragraph (1) is the sum of (i)
the aggregate of the present value of all accrued benefits of Key Employees
under all qualified defined benefit plans included in the Aggregation Group,
(ii) the aggregate of the balances in all of the accounts standing to the
credit of Key Employees under all qualified defined contribution plans included
in the Aggregation Group, and (iii) the aggregate amount distributed from all
plans in such Aggregation Group to or on behalf of any Key Employee during the
period of five (5) Plan Years ending on the Determination Date.

               (2) The amount described in this paragraph (2) is the sum of (i)
the aggregate of the present value of all accrued benefits of all Participants
under all qualified defined benefit plans included in the Aggregation Group,
(ii) the aggregate of the balances in all of the accounts standing to the
credit of all Participants under all qualified defined contribution plans
included in the Aggregation Group, and (iii) the aggregate amount distributed
from all plans in such Aggregation Group to or on behalf of any Participant
during the period of five (5) Plan Years ending on the Determination Date.

               (3) The amount described in this paragraph (3) is the sum of (i)
all rollover contributions (or similar transfers) to plans included in the
Aggregation Group initiated by an Employee and made from a plan sponsored by an
employer which is not a Participating Employer or Affiliated Company, (ii) with
respect to Plan Years beginning after December 31, 1984, any amount that would
have been included under paragraph (1) or (2) hereof with respect to any person
who has not performed services for any Participating Employer at any time
during the five-year period ending on the Determination Date, and (iii) any
amount that is included in paragraph (2) hereof for, on behalf of, or on
account of, a person who is a Non-Key Employee as to the Plan Year of reference
but who was a Key Employee as to any earlier Plan Year.

     The present value of accrued benefits under any defined benefit plan shall
be determined on the basis of the assumptions described in Appendix A or
Appendix C, as applicable, and, effective for Plan Years beginning after
December 31, 1986, under the method used for accrual purposes for all plans
maintained by all Participating Employers and Affiliated Companies if a single
method is used by all such plans, or otherwise, the slowest accrual method
permitted under section 411(b)(1)(C) of the Code.

                                      42
<PAGE>

          (e) "Non-Key Employee" shall mean any Employee or former Employee who
is not a Key Employee as to that Plan Year, or a beneficiary of a deceased
Participant who was a Non-Key Employee.

          (f) "Testing Period Average Compensation" shall mean the average of
the Participant's Compensation over the testing period consisting of the five
(5) consecutive Plan Years during which the Participant was in the employ of a
Participating Employer (whether or not such Plan Years were years during any
part of which he was an Active Participant) yielding the highest such average,
omitting from the Plan Years considered (i) Plan Years within which the
Participant was not credited with a year of Vesting Service, (ii) Plan Years
beginning before January 1, 1984, and (iii) Plan Years beginning after the
close of the last Plan Year in which the Plan was Top-Heavy. If there be fewer
than five (5) consecutive Plan Years in the testing period as described, the
testing period shall be considered to consist of all such years as would be
included if the "consecutive" requirement did not apply (to a maximum of the
lesser of (i) all such years, if fewer than five (5), or (ii) five (5) such
years).

     Section 11.02 Determination of Top-Heavy Status. The Plan shall be deemed
"top-heavy" as to any Plan Year if, as of the Determination Date with respect
to such Plan Year, either of the following conditions are met:

          (a) the Plan is not part of an Aggregation Group and the Key Employee
Ratio, determined by substituting the "Plan" for the "Aggregation Group" each
place it appears in Section 11.01(d), exceeds 60%, or

          (b) the Plan is part of an Aggregation Group, and the Key Employee
Ratio of such Aggregation Group exceeds 60%.

          (c) Adjustment in Benefit Limitations. Effective for Limitation Years
beginning prior to January 1, 2000, if the Plan is "top-heavy" within the
meaning of Section 11.02, the dollar limitations in the denominator of the
defined benefit fraction and defined contribution fraction as defined in
section 415(e) of the Code shall be multiplied by 100% rather than 125%.

     Section 11.03 Top-Heavy Plan Minima.

          (a) General Rule. If the Plan is "top-heavy" in any Plan Year, the
minimum Accrued Benefit under the Plan for any Active Participant who is a
Non-Key Employee (other than a Participant who was a Key Employee as to any
earlier Plan Year) and who has completed 1,000 Hours of Service during such
Plan Year (regardless of whether his employment terminates during such Plan
Year) shall be the lesser of:

               (1) 2% of the Participant's Testing Period Average Compensation,
multiplied by the number of Plan Years during which the Participant completed
at least 1,000 Hours of Service (excluding Plan Years beginning prior to
January 1, 1984, Plan Years in which the Plan is not "top-heavy" and Plan Years
which would be disregarded by reason of a Break in Service), or

                                      43
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               (2) 20% of the Participant's Testing Period Average
Compensation.

          (b) Nonduplication Exception. The provisions of Section 11.03(a)
shall not apply with respect to a Participant in a particular Plan Year if,
with respect to that Plan Year:

               (1) such Participant was an active participant in a qualified
defined benefit pension plan sponsored by a Participating Employer or by an
Affiliated Company under which plan the Participant's accrued benefit is not
less than the benefit described in Section 11.03(a), treating such other
defined benefit pension plan as a "top-heavy" plan and treating all such
defined benefit pension plans constituting an Aggregation Group as a single
plan;

               (2) such Participant was an active participant in a qualified
defined contribution plan sponsored by a Participating Employer or by an
Affiliated Company under which plan the amount of the employer contribution
(including reallocable forfeitures) allocable to the account of the Participant
for the accrual computation period of such plan ending with or within the Plan
Year, (exclusive of amounts by which the Participant's compensation was reduced
pursuant to a salary reduction agreement or similar arrangement), is not less
than 5% of the Participant's Compensation; or

               (3) the exception provided under this Section 11.03(b) shall
apply on a prorated basis where the Participant also participates in another
qualified plan of a Participating Employer or of an Affiliated Company, but
where such other plan only partially satisfies the requirements of paragraphs
(1) or (2) hereof.

     Section 11.04 No Suspension of Benefits. Notwithstanding any other
provision of the Plan, the payment of a Participant's benefits shall not be
suspended during the Participant's reemployment during any period in which the
Plan is "top-heavy."

     Section 11.05 Multiple Employer Plan. The provisions of this Article shall
be applied separately with respect to each "controlled group" and benefits with
respect to Employees of such "controlled group" in accordance with Treasury
Regulations section 1.416-1, G-2. For purposes of this Section, "controlled
group" shall mean a group of entities consisting of all Participating Employers
that are Affiliated Companies with respect to each other and all other entities
that are Affiliated Companies with respect to such Participating Employers,
determined in accordance with the aggregation rules described in sections
414(b), (c), (m) and (o) of the Code.

                                      44
<PAGE>

                                  ARTICLE XII

                                 CONTRIBUTIONS

     Section 12.01 Employer Contributions. Subject to the provisions of Section
12.05, the Participating Employers shall contribute such amounts as are
necessary to satisfy the minimum funding standards required pursuant to ERISA
and section 412 of the Code, as from time to time amended. No contributions
shall be required for any year if the Participating Employers applied for and
receive a waiver of the funding standards for that year. In the event that a
partial waiver is granted, no contribution shall be required of the
Participating Employers in excess of the amount stipulated in such partial
waiver. Participating Employers shall have the right, but not the obligation,
to contribute such additional amounts as they, in their sole discretion, deem
desirable in any year. All Participating Employer contributions shall be paid
to the Trustee(s). All forfeitures arising under the Plan shall be applied to
reduce Participating Employer contributions. Each contribution made by a
Participating Employer pursuant to the provisions of this Plan is made
expressly contingent upon the deductibility thereof for federal income tax
purposes for the fiscal year with respect to which such contribution is made.

     Section 12.02 Participant Contributions. No contributions shall be
required or permitted of Participants under the Plan.

     Section 12.03 Expenses of Administration. All expenses of administration
of this Plan shall be paid from the Fund unless a Participating Employer, in
its sole discretion, determines to pay them directly.

     Section 12.04 Contracts. If Contracts are purchased for the funding of
death or retirement benefits, such Contracts shall be purchased from such legal
reserve life insurance companies as may be approved by the Employee Benefits
Committee. A Trustee shall be the sole owner and beneficiary of each such
Contract unless and until such time as the Contract is distributed to a
Participant, Spouse or other Beneficiary in satisfaction of liabilities to such
party under the Plan or is transferred to the Participant, Spouse, other
Beneficiary or Alternate Payee for its fair market value. All dividends payable
with respect to any such Contract prior to the distribution of that Contract to
a Participant, Spouse, other Beneficiary or Alternate Payee shall be applied to
reduce the Participating Employers' contribution to the Plan. The Trustee is
empowered to borrow against the cash surrender values or loan values of any
Contracts held by it for the purpose of paying premiums on such Contracts or
for the general purposes of the Fund, but if such borrowing occurs, it shall be
done proportionately among the several Contracts so held and repayment of the
borrowed amounts by the Trustee shall be prorated to avoid discrimination.

     Section 12.05 Discontinuance. Notwithstanding any other provision of this
Article XII or of the Plan, the Company shall have the right to terminate the
Plan in accordance with the provisions of Article XVII, and no provision of
this Article XII shall be deemed a modification or abridgment of rights
reserved to or by the Company elsewhere in the Plan.

                                      45
<PAGE>

     Section 12.06 Sole Source of Benefits. The Fund shall be the sole source
for the provision of benefits under the Plan. Neither a Participating Employer
nor any other person or entity shall be liable therefor.

     Section 12.07 Commingling of Assets. All assets of the Plan may be
commingled for investment purposes with the assets of any other qualified plan
of a Participating Employer or an Affiliated Company and may be held as a
single fund under one or more Funding Vehicles, provided that the value of each
plan's assets can be determined at any time. The value of the assets held in
such single fund shall be determined by the Trustee(s) and the assets allocable
to each such plan shall be determined by the enrolled actuary appointed by the
Employee Benefits Committee. The enrolled actuary shall communicate such
determination to the Participating Employers, the Named Fiduciaries and the
Trustee(s). The assets allocable to each such plan shall in no event be used
for the benefit of participants in such other plans.

                                      46
<PAGE>

                                  ARTICLE XIII

                          EMPLOYEE BENEFITS COMMITTEE

     Section 13.01 Appointment and Tenure. The Plan shall be administered by
the "Employee Benefits Committee" or such other committee or individual
appointed by the Chairperson of the Employee Benefits Committee. The
Chairperson of the Employee Benefits Committee shall be appointed by the Human
Resources Committee of the Company. The Chairperson of the Employee Benefits
Committee shall have the authority to determine the number of voting members of
the Employee Benefits Committee and appoint such members from time to time. The
Chairperson of the Employee Benefits Committee shall also have the authority to
appoint, as appropriate, counsel and secretary to the Employee Benefits
Committee. Any Employee Benefits Committee member may resign by delivering his
written resignation to the Chairperson at least 30 days in advance of such
resignation or such shorter time agreed thereto by the Chairperson and the
member.

     Section 13.02 Meetings; Majority Rule. Any and all acts of the Employee
Benefits Committee taken at a meeting shall be by a majority of its members
with minutes being recorded for each meeting. Such minutes shall be made
available to any member of the Employee Benefits Committee upon request. The
Employee Benefits Committee may also act by unanimous consent in writing
without the formality of convening a meeting. Either the Chairperson of the
Employee Benefits Committee or secretary may execute any certificate or other
written direction on behalf of the Employee Benefits Committee. A member of the
Employee Benefits Committee who is a Participant shall not vote on any question
relating specifically to himself. In the event that the Employee Benefits
Committee's vote is equally divided on a claim for benefits, such vote will be
treated as a vote by the Employee Benefits Committee in favor of the claimant.

     Section 13.03 Delegation. The Employee Benefits Committee may, by
unanimous consent, delegate the specific authority and responsibility for those
duties listed in Section 13.04 and other purely ministerial duties to one or
more of its members. The member or members so designated shall be solely
liable, jointly and severally, for their acts or omissions with respect to such
delegated authority and responsibilities. Members not so designated, except as
otherwise provided by applicable provisions of ERISA, shall be relieved from
liability for any act or omission resulting from such delegation.

     Section 13.04 Authority and Responsibility of the Employee Benefits
Committee. The Employee Benefits Committee shall be the Plan "administrator" as
such term is defined in section 3(16) of ERISA, and as such shall have the
following duties and responsibilities:

          (a) to adopt and enforce such rules and regulations and prescribe the
use of such forms as may be necessary to carry out the provisions of the Plan;

                                      47
<PAGE>

          (b) to maintain and preserve records relating to Participants, Vested
Participants, and their Beneficiaries and Alternate Payees;

          (c) to prepare and furnish to Participants, Beneficiaries and
Alternate Payees all information and notices required under federal law or the
provisions of this Plan;

          (d) to prepare and file or publish with the Secretary of Labor, the
Secretary of the Treasury, their delegates and all other appropriate government
officials all reports and other information required under law to be so filed
or published;

          (e) to provide directions to the Trustee(s) (and to the Plan's
actuary when appropriate) with respect to the purchase of life insurance or
Contracts, methods of benefit payment, valuations at dates other than annual
valuation dates and on all other matters where called for in the Plan or
requested by the Trustee(s);

          (f) to determine all questions of Employees' eligibility for and the
amount of any Plan benefits and of the status of rights of Participants,
Beneficiaries and Alternate Payees, to make factual determinations, to construe
and interpret the provisions of the Plan, to correct defects, to resolve
ambiguities and inconsistencies therein and to supply omissions thereto;

          (g) to compute and certify to the Trustee the amount and manner of
payment of benefits to which Participants, surviving Spouses, other
Beneficiaries and Alternate Payees may become entitled;

          (h) to engage assistants and professional advisers;

          (i) to arrange for bonding, if required by law, or as required by
general policies established by the Board;

          (j) to review benefit claim appeals, except to the extent another
committee or third-party administrator has been appointed by the Chairperson to
serve as the appeals fiduciary to review and decide such benefit claim appeals;

          (k) to provide procedures for determination of claims for benefits
and to establish rules, not inconsistent with the provisions or purposes of the
Plan, as it may deem necessary or desirable for the proper administration of
the Plan or transaction of its business;

          (l) to retain records on elections and waivers by Participants, their
surviving Spouses and their Beneficiaries and Alternate Payees;

          (m) to determine whether any domestic relations order constitutes a
QDRO and to take such action as the Employee Benefits Committee deems
appropriate in light of such domestic relations order;

          (n) to retain records on elections and waivers by Participants, their
spouses and their Beneficiaries, and Alternate Payees;

                                      48
<PAGE>

          (o) to select an independent qualified public accountant to examine a
Trustee's accounts and render an opinion;

          (p) to appoint an Investment Manager who is other than the Trustee,
which Investment Manager may be a bank or an investment advisor registered with
the Securities and Exchange Commission under the Investment Advisors Act of
1940. Such Investment Manager, if appointed, shall have sole discretion in the
investment of Plan assets, subject to the funding policy. The Employee Benefits
Committee shall review at regular intervals no less frequently than annually,
the performance of such Investment Manager and shall re-evaluate the
appointment of such Investment Manager. After the Employee Benefits Committee
has appointed an Investment Manager and has received a written notice of
acceptance of his responsibility, the fiduciary responsibility with respect to
investment of Plan assets shall be considered as the responsibility of the
Investment Manager;

          (q) to determine and communicate in writing to the fiduciary
responsible for investment of Plan assets the funding policy for the Plan. The
funding policy shall set forth the Plan's short-range and long-range financial
needs, so that said fiduciary may coordinate the investment of Plan assets with
the Plan's financial needs all as further set forth herein;

          (r) to prepare for review and action by the Board, and implement on
the instruction of the Board, all other amendments, modifications and
termination of the Plan;

          (s) to prepare and deliver to the Board such information and such
reports as are requested by the Board or as, in the judgement of the Employee
Benefits Committee, should be brought to the attention of the Board;

          (t) to perform such additional functions as may be specifically
assigned to it or delegated to it by the Board or the Human Resources
Committee; and

          (u) to adopt routine amendments to the Plan as provided under Section
16.01(b); and

          (v) to approve participation in the Plan of additional Participating
Employers.

Any authority delegated both to the Employee Benefits Committee under this
Section 13.04 and to the Company under Section 14.03 may be exercised by either
such party independently of the other.

     Section 13.05 Reporting and Disclosure. The Employee Benefits Committee
shall keep all individual and group records relating to Participants,
Beneficiaries and Alternate Payees, and all other records necessary for the
proper operation of the Plan. Such records shall be made available to the
Participating Employers and to each Participant, Beneficiary and Alternate
Payee for examination during normal business hours except that a Participant,
Beneficiary or Alternate Payee shall examine only such

                                      49
<PAGE>

records as pertain exclusively to the examining Participant, Beneficiary or
Alternate Payee and those records and documents relating to all Participants
generally. The Employee Benefits Committee shall prepare and shall file as
required by law or regulation all reports, forms, documents and other items
required by ERISA, the Code, and every other relevant statute, each as amended,
and all regulations thereunder. This provision shall not be construed as
imposing upon the Employee Benefits Committee the responsibility or authority
for the preparation, preservation, publication or filing of any document
required to be prepared, preserved or filed by the Trustee or by any other
Named Fiduciary to whom such responsibilities are delegated by law or by this
Plan.

     Section 13.06 Construction of the Plan. The Employee Benefits Committee
shall take such steps as are considered necessary and appropriate to remedy any
inequity that results from incorrect information received or communicated in
good faith or as the consequence of an administrative error. The Employee
Benefits Committee shall have full discretionary power and authority to
interpret the Plan, to make benefit eligibility determinations, to make factual
determinations and to determine all questions arising in the administration,
interpretation and application of the Plan. The Employee Benefits Committee
shall correct any defect, reconcile any inconsistency or ambiguity, or supply
any omission with respect to the Plan. All such corrections, reconciliations,
interpretations and completions of Plan provisions shall be final, binding and
conclusive upon the parties, including the Participating Employers, the
Employees, their families, dependents, Beneficiaries and any Alternate Payees.

     Section 13.07 Compensation of the Employee Benefits Committee. The
Employee Benefits Committee shall serve without compensation for its services
as such, but all reasonable expenses of the Employee Benefits Committee shall
be proper charges to the Fund and shall be paid therefrom unless a
Participating Employer, in its sole discretion, determines to pay them
directly.

     Section 13.08 Domestic Relations Orders.

          (a) In the event that the Actuarial Equivalent single sum value of
the benefit payable to an Alternate Payee under a QDRO does not exceed $5,000
($3,500 prior to January 1, 1998), such amount shall be paid to an Alternate
Payee in a single sum as soon as practicable following the Employee Benefits
Committee's receipt of the order and verification of its status as a QDRO.

          (b) Except as provided in this subsection (b), benefits payable to an
Alternate Payee shall not continue beyond the lifetime of the Alternate Payee.
In particular, no Alternate Payee shall have the right with respect to any
benefit payable by reason of a QDRO to (i) designate a beneficiary with respect
to amounts payable under the Plan, except in the case of a QDRO providing a
benefit to the Alternate Payee of a portion of each payment made to the
Participant from the Plan, as, when and if payable, but only to the extent that
the beneficiary legally could be an alternate payee (as defined in section
414(p) of the Code) under a QDRO with respect to the Participant's benefit,
(ii) provide survivorship benefits to a spouse or dependent of such Alternate
Payee or to any other person, spouse, or dependent, or (iii) transfer rights
under the QDRO by will or by state law of intestacy.

                                      50
<PAGE>

          (c) None of the payments, benefits or rights of any Alternate Payee
shall be subject to any claim of any creditor, and, in particular, to the
fullest extent permitted by law, all such payments, benefits and rights shall
be free from attachment, garnishment, trustee's process, or any other legal or
equitable process available to any creditor of such Alternate Payee. No
Alternate Payee shall have the right to alienate, anticipate, commute, pledge,
encumber or assign any of the benefits or payments which he may expect to
receive, contingently or otherwise, under the Plan.

          (d) Alternate Payees shall not have any right to exercise any
election, privilege, option or direction rights of the Participant under the
Plan except as specifically provided in the QDRO or receive communications with
respect to the Plan except as specifically provided by law, regulation or the
QDRO.

          (e) Each Alternate Payee shall advise the Employee Benefit Committee
in writing of each change of his name, address or marital status, and of each
change in the provisions of the QDRO or of any circumstances set forth therein
which may be material to the Alternate Payee's entitlement to benefits
thereunder or the amount thereof. Until such written notice has been provided
to the Employee Benefit Committee, the Employee Benefits Committee shall be (i)
fully protected in not complying with, and in conducting the affairs of the
Plan in a manner inconsistent with the information set froth in the notice, and
(ii) required to act with respect to such notice prospectively only, and then
only to the extent provided for in the QDRO. The Employee Benefits Committee
shall not be required to modify or reverse any payment, transaction or
application of funds occurring before the receipt of any notice that would have
affected such payment, transaction or application of funds, nor shall the
Employee Benefits Committee or any other party be liable for any such payment,
transaction or application of funds.

          (f) Except as specifically provided for in the QDRO, an Alternate
Payee shall have no right to interfere with the exercise by the Participant or
by any beneficiary of their respective rights, privileges and obligations under
the Plan.

                                      51
<PAGE>

                                  ARTICLE XIV

                     ALLOCATION AND DELEGATION OF AUTHORITY

          Section 14.01 Authority and Responsibilities of the Employee Benefits
Committee. The Employee Benefits Committee shall have the authority and
responsibilities imposed by Article XIII hereof. With respect to the said
authority and responsibility, the Employee Benefits Committee shall be a "Named
Fiduciary," and as such, shall have no authority and responsibility other than
as granted in the Plan, or as imposed by law.

          Section 14.02 Authority and Responsibilities of a Trustee. A Trustee
shall be the "Named Fiduciary" with respect to investment of the portion of the
Fund assets for which it is responsible and shall have the powers and duties
set forth in the Trust Agreement. The Trustee shall keep complete and accurate
accounts of all of the assets of, and the transactions involving, the Fund. All
such accounts shall be open to inspection by the Employee Benefits Committee
during normal business hours.

          Section 14.03 Authority and Responsibilities of the Company. The
Company, acting through its Board, shall have certain powers under the Plan, to
be executed or undertaken in a non-fiduciary capacity, including:

          (a) to appoint the Trustee(s);

          (b) to amend or terminate the Trust Agreement(s) and settle the
account(s) of the Trustee(s) and to remove a Trustee and upon such removal or
upon the resignation of the Trustee, to appoint a successor;

          (c) to appoint an Investment Manager(s) (or to refrain from such
appointment), and to terminate such appointment (including appointments made by
the Employee Benefits Committee) and upon such termination or upon resignation
of the Investment Manager(s), to appoint a successor, to amend the separate
agreement(s), which shall be entered into with the Investment Manager(s) and
either increase or decrease the portion of the Fund which shall be managed by
the Investment Manager(s) (including those appointed by the Employee Benefits
Committee);

          (d) to transfer a portion of the Plan assets held by one Trustee to
another Trustee; and

          (e) to select an independent qualified public accountant to examine a
Trustee's accounts and records and render an opinion.

Any authority delegated both to the Company under this Section 14.03 and the
Employee Benefits Committee under Section 13.04 may be exercised by either such
party independently of the other.

     Section 14.04 Limitations on Obligations of Named Fiduciaries. No Named
Fiduciary shall have authority or responsibility to deal with matters other
than as delegated to it under this Plan, under the Trust Agreement, or by
operation of law.

                                      52
<PAGE>

Except as provided by section 405 of ERISA, a Named Fiduciary shall not in any
event be liable for breach of fiduciary responsibility or obligation by another
fiduciary (including Named Fiduciaries) if the responsibility or authority of
the act or omission deemed to be a breach was not within the scope of the said
Named Fiduciary's authority or delegated responsibility. The determination of
any Named Fiduciary as to any matter involving its responsibilities hereunder
shall be conclusive and binding on all persons.

     Section 14.05 Designation and Delegation. Each Named Fiduciary may
designate other persons to carry out such of its responsibilities hereunder for
the operation and administration of the Plan as it deems advisable and delegate
to the persons so designated such of its powers as it deems necessary to carry
out such responsibilities. Such designation and delegation shall be subject to
such terms and conditions as the Named Fiduciary deems necessary or proper. Any
action or determination made or taken in carrying out responsibilities
hereunder by the persons so designated by the Named Fiduciary shall have the
same force and effect for all purposes if such action or determination had been
made or taken by such Named Fiduciary.

     Section 14.06 Reports to Board. As deemed necessary or proper, but in any
event at least once during each Plan Year, each Named Fiduciary shall report to
the Board on the operation and administration of the Plan.

     Section 14.07 Engagement of Assistants and Advisers. Any Named Fiduciary
shall have the right to hire, at the expense of the Fund, such professional
assistants and consultants as it, in its sole discretion, deems necessary or
advisable. The Named Fiduciaries shall be entitled to rely, and shall be fully
protected in any action or determination or omission taken or made or omitted
in good faith in so relying, upon any opinions, reports or other advice which
is furnished by counsel or other specialist engaged for that purpose or upon
any valuation certificate or report furnished by a Trustee.

     Section 14.08 Payment of Expenses. The expenses incurred by the Named
Fiduciaries in connection with the operation of the Plan, including, but not
limited to, the expenses incurred by reason of the engagement of professional
assistants and consultants, shall be expenses of the Plan and shall be payable
from the Fund at the direction of the Employee Benefits Committee. The
Participating Employers shall have the option, but not the obligation, to pay
any such expenses, in whole or in part, and by so doing, to relieve the Fund
from the obligation of bearing such expenses. Payment of any such expenses by
the Participating Employers on any occasion shall not bind the Participating
Employers to thereafter pay any similar expenses.

     Section 14.09 Bonding. The Employee Benefits Committee shall arrange for
such bonding as is required by law, but no bonding in excess of the amount
required by law shall be considered required by the Plan.

     Section 14.10 Indemnification. Each person, other than a Trustee, who is a
Named Fiduciary, or who is a member of a committee or board comprising a Named
Fiduciary, shall be indemnified by the Company against costs, expenses and
liabilities (other than amounts paid in settlement to which the Company do not
consent) reasonably

                                      53
<PAGE>

incurred by him in connection with any action to which he may be a party by
reason of his service as a Named Fiduciary except in relation to matters as to
which he shall be adjudged in such action to be personally guilty of
negligence, willful misconduct or lack of good faith in the performance of his
duties. The foregoing right to indemnification shall be in addition to such
other rights as the person may enjoy as a matter of law or by reason of
insurance coverage of any kind, but shall not extend to costs, expenses and/or
liabilities otherwise covered by insurance or that would be so covered by any
insurance then in force if such insurance contained a waiver of subrogation.
Rights granted hereunder shall be in addition to and not in lieu of any rights
to indemnification to which the person may be entitled pursuant to the bylaws
of the Company. Service as a Named Fiduciary shall be deemed in partial
fulfillment of the person's function as an employee, officer and/or director of
a Participating Employer, if he serves in that capacity as well as in the role
of Named Fiduciary.

                                      54
<PAGE>

                                   ARTICLE XV

                   BENEFIT APPLICATIONS AND CLAIMS PROCEDURES

     Section 15.01 Application for Benefits.

          (a) Each Participant, surviving Spouse (in the case of a benefit
described in Section 9.02), Beneficiary or Alternate Payee believing himself or
herself eligible for benefits under the Plan shall apply for such benefits by
completing and filing with the Employee Benefits Committee an application for
benefits on a form supplied by such Committee. Before the date on which benefit
payments commence, each such application must be supported by such information
and data as the Employee Benefits Committee deems relevant and appropriate.
Evidence of age, marital status (and, in the appropriate instances, health,
death or disability), and location of residence shall be required of all
applicants for benefits.

          (b) In the event that a Participant, a surviving Spouse, or Alternate
Payee fails to apply to the Employee Benefits Committee by the Participant's
Normal Retirement Age or the date of the Participant's Separation from Service,
if later, or a Beneficiary fails to apply within six months after the
Participant's death, the Employee Benefits Committee shall make diligent
efforts to locate such individual and obtain such application. A Plan benefit
shall be deemed forfeited in the event that the Employee Benefits Committee is
unable to locate the Participant, surviving Spouse, or other Beneficiary, or
Alternate Payee to whom payment is due; provided, however, that such benefit
shall be reinstated if a claim is later made by a party to whom the benefit is
properly payable. No payments shall be made for the period in which benefits
would have been payable if the individual had made timely application therefor.

          (c) In the event (i) the Participant, surviving Spouse, or Alternate
Payee fails to make application by the end of the calendar year in which the
date described in Section 15.01(b) occurred, or (ii) the Beneficiary fails to
make application by December 31 of the year following the year in which the
Participant's death occurs, subject to Section 18.11 of the Plan, the Employee
Benefits Committee may commence distribution as of such date without such
application.

     Section 15.02 Appeals of Denied Claims for Benefits. In the event that any
claim for benefits is denied in whole or in part, the Participant, Beneficiary
or Alternate Payee whose claim has been so denied shall be notified of such
denial in writing by the claims fiduciary designated by the Chairperson of the
Employee Benefits Committee. 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, Beneficiary or Alternate Payee, as
the case may be, of the procedure for the appeal of such denial. All appeals
shall be made by the following procedure:

          (a) The Participant, Beneficiary or Alternate Payee whose claim has
been denied shall file with the appeals fiduciary designated by the Chairperson
of the

                                      55
<PAGE>

Employee Benefits Committee a notice of desire to appeal the denial. Such
notice shall be filed within sixty (60) days of notification by the claims
fiduciary 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. Notwithstanding the foregoing, if within 90 days of filing a claim for
benefits under the Plan, the Participant, Beneficiary or Alternate Payee
neither receives a notice of denial of a claim or a notice that additional time
is required to review the claim, such individual may assume that the claim has
been denied and may file with the appeals fiduciary a notice of desire to
appeal the denial.

          (b) The appeals fiduciary 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 appeals
fiduciary shall deem relevant.

          (c) The appeals fiduciary 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 appeals fiduciary 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.

                                      56
<PAGE>

                                  ARTICLE XVI

                               AMENDMENT OF PLAN

     Section 16.01 Amendment.

          (a) The provisions of the Plan may be amended at any time and from
time to time by the Board, provided, however, that:

               (1) No amendment shall increase the duties or liabilities of the
Employee Benefits Committee or a Trustee without the consent of that party;

               (2) No amendment shall decrease the vested percentage of any
Participant's Accrued Benefit, nor result in the elimination or reduction of a
benefit "protected" under section 411(d)(6) of the Code, unless otherwise
permitted or required by law;

               (3) No amendment shall provide for the use of funds or assets
held to provide benefits under the Plan other than for the benefit of
Participants and their Beneficiaries and Alternate Payees or to meet the
administrative expenses of the Plan, except as may be specifically authorized
by statute or regulation.

     Each amendment shall be approved by resolution of the Board; provided,
however, that no amendment shall cause the Plan to fail to satisfy the
requirements of section 401(a) of the Code when all benefits provided by all
Participating Employers which are required to be aggregated for such purposes
are taken into account.

          (b) The provisions of the Plan may be amended at any time and from
time to time by the Employee Benefits Committee, provided, however, that:

               (1) such an amendment would not result in a material increase in
the currently estimated cost of maintaining the Plan; and

               (2) such amendment is routine in nature.

     Section 16.02 Amendments to the Vesting Schedule.

          (a) If the vesting schedule under this Plan is amended, each Active
Participant who has completed at least three (3) years of Vesting Service prior
to the end of the election period specified in this Section 16.02 may elect,
during such election period, to have the vested percentage of his Accrued
Benefit determined without regard to such amendment.

          (b) For the purposes of this Section 16.02, the election period shall
begin as of the date on which the amendment changing the vesting schedule is
adopted, and shall end on the latest of the following dates:

               (1) the date occurring 60 days after the Plan amendment is
adopted; or

                                      57
<PAGE>

               (2) the date which is 60 days after the day on which the Plan
amendment becomes effective; or

               (3) the date which is 60 days after the day the Participant is
issued written notice of the Plan amendment by the Employee Benefits Committee;
or

               (4) such later date as may be specified by the Employee Benefits
Committee.

     The election provided for in this Section 16.02 shall be made in writing
and shall be irrevocable when made.

     Section 16.03 Reversion. Subject to the provisions of this Section 16.03,
the assets of the Plan shall be applied exclusively for the purposes of
providing benefits to Participants and Beneficiaries under the Plan and for
defraying expenses incurred in the administration of the Plan and its
corresponding trust or other funding vehicle. No provision of the Plan nor any
amendment shall cause any of the assets of the Fund to revert to the
Participating Employers, except that, if, after the Plan is terminated, there
are assets remaining after all fixed and contingent liabilities to
Participants, Beneficiaries and Alternate Payees under the terms of the Plan
within the meaning of ERISA section 4044(d)(1)(A) are satisfied, such excess
assets may be refunded to the Participating Employers. Notwithstanding anything
in this Section or any other provision of the Plan to the contrary,
contributions shall be refunded to the Participating Employers if such
contributions were made under a mistake of fact or if such contributions are
disallowed as a deduction to a Participating Employer for federal income tax
purposes or such contribution is otherwise nondeductible and recovery thereof
is permitted, provided that such refunds are limited in time and amount as set
forth in section 403(c) of ERISA or as otherwise permitted by applicable
administrative rules. No such refund shall be made if, solely on account of
such refund, the Plan would cease to be a qualified plan pursuant to section
401(a) of the Code.

     Section 16.04 Mergers and Consolidations of Plans. In the event of any
merger or consolidation with, or transfer of assets and liabilities to, any
other plan, each Participant shall have a benefit in the surviving or
transferee plan (determined as if such plan were then terminated immediately
after such merger, consolidation or transfer) that is equal to or greater than
the benefit he would have been entitled to receive immediately before such
merger, consolidation or transfer in the plan in which he was then a
participant (had such plan been terminated at that time). For the purposes
hereof, former Participants, Beneficiaries and Alternate Payees shall be
considered Participants. If the total liabilities of any plans that are merged
into the Plan with respect to a Plan Year are equal to less than 3% of the
assets of the Plan, in the event of a spin-off or termination of the Plan
within five years following such merger, Plan assets will be allocated first
for the benefit of Participants who were participants in the other plans
involved in the merger to the extent of the present value of such Participants'
benefits as of the date of the merger.

                                      58
<PAGE>

                                  ARTICLE XVII

                              TERMINATION OF PLAN

     Section 17.01 Right to Terminate.

          (a) The Company expects to continue this Plan and the corresponding
trust indefinitely, but reserves the right to terminate the Plan in whole or in
part at any time by resolution of the Board, without the consent of any
Participant, Spouse, Beneficiary or Alternate Payee.

          (b) If the Plan is terminated in whole or in part, all Participants
hereunder affected by such total or partial termination shall be fully vested
in their Accrued Benefits as of the date of termination to the extent then
funded.

     Section 17.02 Procedure for Complete Termination.

          (a) After notice by the Employee Benefits Committee to the PBGC that
the Plan is to be wholly terminated and upon failure to receive a notice of
non-sufficiency from PBGC, the Employee Benefits Committee, after reserving an
amount sufficient to pay all expenses and charges, shall direct the Trustee(s)
to allocate the assets of the Fund in accordance with section 4044 of ERISA for
the purposes set forth below and in the order set forth below, to the extent
that the assets are available to provide benefits to Participants,
Beneficiaries and Alternate Payees. Notwithstanding the foregoing, if the order
of priorities set forth below conflicts with ERISA and amendments thereto or
regulations thereunder, ERISA, its amendments and its regulations shall
control.

          (b) The Trustee(s), at the direction of the Employee Benefits
Committee, shall make the allocation referred to above as follows:

               (1) First, to that portion of each person's Accrued Benefit
which is derived from the Participant's contributions to the Plan which were
not mandatory contributions.

               Second, to that portion of each person's Accrued Benefit which
is derived from the Participant's mandatory contributions, if any.

               Third, in the case of benefits payable as an annuity, (i) in the
case of the benefit of a Participant, Spouse, or other Beneficiary or Alternate
Payee which was in pay status as of the beginning of the three-year period
ending on the termination date of the Plan, to each such benefit, based on the
provisions of the Plan (as in effect during the five-year period ending on such
date) under which such benefit would be the least, and (ii) in the case of a
Participant's, Spouse's, or other Beneficiary's or Alternate Payee's benefit
(other than a benefit described in (i) above) which would have been in pay
status as of the beginning of such three-year period if the Participant had
retired prior to the beginning of the three-year period and if his benefits had
commenced (in the normal form of annuity under the Plan), as of the beginning
of such period, to each such benefit based on the provisions of the Plan (as in
effect during the five-year period ending

                                      59
<PAGE>

on such date) under which the benefit would be the least. For the purposes of
(i) above, the lowest benefit in pay status during a three-year period shall be
considered the benefit in pay status for such period.

               Fourth, to all other benefits (if any) of persons under the Plan
guaranteed under the termination insurance provisions of ERISA.

               Fifth, to all other nonforfeitable benefits under the Plan.

               Sixth, to all other benefits under the Plan.

               (2) If the assets available for allocation under any priority
category (other than the fifth or sixth priority category) are insufficient to
satisfy in full the benefits of all persons, the assets shall be allocated pro
rata among such persons on the basis of the present value (as of the
termination date) of their respective Accrued Benefits.

               (3) If any assets of the Plan attributable to Participant
contributions as determined in accordance with section 4044(d)(3) of ERISA
remain after all liabilities of the Plan to Participants and their
Beneficiaries and Alternate Payees have been satisfied, such assets shall be
equitably distributed among the Participants, Beneficiaries and Alternate
Payees of Participants (including Alternate Payees) who made such contributions
in accordance with their respective rates or amounts of contribution, as the
Trustee or Trustees determine.

               (4) Any residual assets of the Plan remaining after distribution
as aforesaid shall be distributed to the Participating Employers, provided

                    (A) all liabilities of the Plan to Participants and their
Beneficiaries and Alternate Payees have been satisfied, and

                    (B) the distribution does not contravene any provision of
law.

     Section 17.03 Continuance of Trust. The Trustee(s) may, upon Plan
termination (unless directed to dissolve the trust by the Company), either
distribute benefits and terminate the trust or continue the trust for the
purpose of providing the benefits contemplated by the Plan. In no event shall
funds revert to the Participating Employers prior to the dissolution of the
trust unless otherwise permitted by regulations issued under the Code and by
ERISA in the event of Plan termination.

     Section 17.04 Nontransferability of Contracts. Any Contract issued
hereunder to provide payment of benefits shall be endorsed nontransferable.

     Section 17.05 Limitation on Benefits.

          (a) In the event of Plan termination, the benefit payable to any
Highly Compensated Employee shall be limited to a benefit that is
nondiscriminatory under section 401(a)(4) of the Code. If payment of benefits
is restricted in accordance with this

                                      60
<PAGE>

subsection (a), assets in excess of the amount required to provide such
restricted benefits shall become a part of the assets available under Section
17.02 for allocation among Participants and their eligible spouses and
beneficiaries whose benefits are not restricted under this subsection (a).

          (b) The restrictions of this subsection (b) shall apply prior to
termination of the Plan to any Participant who is a Highly Compensated Employee
and who is one of the 25 highest paid employees or former employees of the
Participating Employers and all Affiliated Companies for any Plan Year. The
annual payments to or on behalf of any such Participant shall be limited to an
amount equal to (1) the payments that would have been made to or on behalf of
the Participant under a single life annuity that is the Actuarial Equivalent of
the sum of the Participant's Accrued Benefit and any other benefits under the
Plan (other than a social security supplement) plus (2) the payments that the
Participant is entitled to receive under a social security supplement.

          (c) The restrictions in subsection (b) shall not apply to a
Participant described therein:

               (1) if, after the payment of benefits to or on behalf of such
Participant, the value of the Plan assets equals or exceeds 110% of the value
of the current liabilities (within the meaning of section 412(l)(7) of the
Code);

               (2) if the value of the benefits payable to or on behalf of such
Participant is less than 1% of the value of current liabilities before
distribution;

               (3) if the value of the benefits payable to or on behalf of such
Participant does not exceed $5,000 ($3,500 prior to January 1, 1998); or

               (4) such Participant has entered into an agreement with the
Employee Benefits Committee as described in subsection (d).

          (d) Notwithstanding subsection (b) of this Section 17.05, a
Participant described in subsection (b) (a "restricted Participant") may
receive distribution without regard to the restrictions described in that
subsection provided that the following requirements are met:

               (1) The "restricted amount" (which may be required to be repaid
to the Plan) is the excess of the accumulated amount of distributions made to
the restricted Participant over the accumulated amount of the Participant's
nonrestricted limit. The Participant's "nonrestricted limit" is equal to the
payments that could have been distributed to the Participant pursuant to
subsection (b). An "accumulated amount" is the amount of a payment increased by
a reasonable amount of interest from the date the payment was made (or would
have been made) until the date for the determination of the restricted amount.

               (2) Prior to receipt of a distribution from the Plan, the
restricted Participant shall deposit in escrow with a depositary acceptable to
the Employee Benefits Committee property having a fair market value equal to at
least 125% of the restricted amount. Alternatively, the Participant may (A)
post a bond from an

                                      61
<PAGE>

insurance company, bonding company or other surety approved by the U.S.
Treasury Department as an acceptable surety for federal bonds or (B) obtain a
bank letter of credit in an amount equal to at least 100% of the restricted
amount.

               (3) Amounts in the escrow account in excess of 125% of the
restricted amount may be withdrawn on behalf of the Participant. If the market
value of the property in the escrow account falls below 110% of the restricted
amount, the Participant shall deposit additional property to bring the value of
the property up to 125% of the restricted amount. The Participant may receive
any income from the property placed in escrow, provided that the 125% minimum
is maintained. Similar rules shall apply to the release of any liability in
excess of 100% of the restricted amount where the repayment obligation has been
secured by a bond or a letter of credit.

               (4) A depository may not redeliver to a Participant any property
held under the agreement, other than amounts in excess of 125% of the
restricted amount and a surety or bank may not release any liability on a bond
or letter of credit unless the Employee Benefits Committee certifies that the
restricted Participant (or the Participant's estate) is no longer obligated to
repay any amount under the agreement. The Employee Benefits Committee shall
make such certification at any time after the distribution commences if (A) the
conditions of paragraphs (c)(1), (2) or (3) are met; (B) the Plan is terminated
and the requirement of subsection (a) is met; or (C) the Participant is no
longer a restricted Participant. Such certification shall terminate the
agreement between the Participant and the Employee Benefits Committee.

     Section 17.06 Recapture of Payments. No provision to the Plan shall be
construed as exempting any Participant or other party from diminution of
pension benefits and/or recapture of pension benefits by the PBGC to the extent
such diminution and/or recapture is allowed by law.

                                      62
<PAGE>

                                 ARTICLE XVIII

                            MISCELLANEOUS PROVISIONS

     Section 18.01 Nonalienation of Benefits.

          (a) Except as provided in Section 18.01(b) and (c), none of the
payments, benefits, or rights of any Participant, surviving Spouse, or other
Beneficiary or Alternate Payee shall be subject to any claim of any creditor,
and, in particular, to the fullest extent permitted by law, all such payments,
benefits and rights shall be free from attachment, garnishment, trustee's
process, or any other legal or equitable process available to any creditor of
such Participant, surviving Spouse, or other Beneficiary or Alternate Payee.
Except as provided in Section 18.01(b) and (c), no Participant, surviving
Spouse, or other Beneficiary or Alternate Payee shall have the right to
alienate, anticipate, commute, pledge, encumber or assign any of the benefits
or payments which he may expect to receive, contingently or otherwise, under
the Plan, except the right to designate a beneficiary or beneficiaries as
hereinabove provided.

          (b) Compliance with the provisions and conditions of any QDRO
pursuant to Section 13.08 or of any federal tax levy made pursuant to section
6331 of the Code shall not be considered a violation of this provision.

          (c) Compliance with the provisions and conditions of a judgment
relating to the Participant's conviction of a crime involving the Plan, or a
judgment, order, decree or settlement agreement between the Participant and the
Secretary of Labor or the Pension Benefit Guaranty Corporation relating to a
violation (or an alleged violation) of part 4 of subtitle B of title I of ERISA
shall not be considered a violation of this provision.

     Section 18.02 No Contract of Employment. Neither the establishment of the
Plan, nor any modification thereof, nor the creation of any fund, trust or
account, nor the payment of any benefits shall be construed as giving any
Participant or Employee, or any person whomsoever, the right to be retained in
the service of a Participating Employer, and all Participants and other
Employees shall remain subject to discharge to the same extent as if the Plan
had never been adopted.

     Section 18.03 Severability of Provisions. If any provision of the Plan
shall be held invalid or unenforceable, such invalidity or unenforceability
shall not affect any other provisions hereof, and the Plan shall be construed
and enforced as if such provisions had not been included.

     Section 18.04 Heirs, Assigns and Personal Representatives. The Plan shall
be binding upon the heirs, executors, administrators, successors and assigns of
the parties, including each Participant, Spouse, Beneficiary and Alternate
Payee, present and future (except that no successor to the Company shall be
considered a Plan sponsor unless that successor adopts the Plan).

                                      63
<PAGE>

     Section 18.05 Headings and Captions. The headings and captions herein are
provided for reference and convenience only, shall not be considered part of
the Plan; and shall not be employed in the construction of the Plan.

     Section 18.06 Gender and Number. Except where otherwise clearly indicated
by context, the masculine and the neuter shall include the feminine and the
neuter, the singular shall include the plural, and vice-versa.

     Section 18.07 Controlling Law. The Plan shall be construed and enforced
according to the laws of the state of New York to the extent not preempted by
Federal law, which shall otherwise control.

     Section 18.08 Title to Assets; Source of Benefits. No person shall have
any right to, or interest in, any assets of the Fund, except as provided from
time to time under the Plan, and then only to the extent of the benefits
payable under the Plan to such person or out of the assets of the Fund. All
benefits provided for in the Plan shall be paid solely from the assets of the
Fund, and neither the Participating Employers nor any other person shall be
liable therefor in any manner.

     Section 18.09 Payments to Minors, Etc. Any benefit payable to or for the
benefit of a minor, an incompetent person or other person incapable of
receipting therefor shall be deemed paid when paid to such person's guardian
or, if none has been appointed, to the holder of a legally valid power of
attorney from such person and such payment shall fully discharge the
Trustee(s), the Employee Benefits Committee, the Participating Employers and
all other parties with respect thereto.

     Section 18.10 Reliance on Data and Consents. The Participating Employers,
the Trustee(s), the Employee Benefits Committee, all fiduciaries with respect
to the Plan, and all other persons or entities associated with the operation of
the Plan, the management of its assets, and the provision of benefits
thereunder, may reasonably rely on the truth, accuracy and completeness of any
data provided by any Participant, Spouse, Beneficiary or Alternate Payee,
including, without limitation, representations as to age, health and marital
status. Furthermore, the Participating Employers, the Trustee(s), the Employee
Benefits Committee, and all fiduciaries with respect to the Plan may reasonably
rely on all consents, elections and designations filed with the Plan or those
associated with the operation of the Plan and the Fund by any Participant, the
Spouse of any Participant, any Beneficiary of any Participant or any Alternate
Payee of any Participant, or the representatives of such persons without duty
to inquire into the genuineness of any such consent, election or designation.
None of the aforementioned persons or entities associated with the operation of
the Plan, its assets and the benefits provided under the Plan shall have any
duty to inquire into any such data, and all may rely on such data being current
to the date of reference, it being the duty of the Participants, spouses of
Participants, and Beneficiaries and Alternate Payees to advise the appropriate
parties of any change in such data.

     Section 18.11 Lost Payees. If a Participant, surviving Spouse or other
Beneficiary or Alternate Payee to whom a benefit is payable under the Plan
cannot be located following a reasonable effort to do so by the Employee
Benefits Committee, such

                                      64
<PAGE>

benefit shall be deemed forfeited. If a claim for a forfeited benefit is
subsequently filed by the party to whom the benefit is properly payable, such
benefit shall be reinstated. No payments shall be made for any period in which
benefits would have been payable if the party to whom the benefit was properly
payable had made timely application therefor.

     Section 18.12 Notices. Each Participant, Spouse, Beneficiary and Alternate
Payee shall be responsible for furnishing the Employee Benefits Committee with
the current and proper address for the mailing of notices, reports and benefit
payments. Any notice required or permitted shall be deemed given if directed to
the person to whom addressed at such address and mailed by regular United
States mail, first-class and prepaid. If any check mailed to such address is
returned as undeliverable to the addressee, mailing of checks will be suspended
until the Participant, Spouse, Beneficiary or Alternate Payee furnishes the
proper address. This provision shall not be construed as requiring the mailing
of any notice or notification if the regulations issued under ERISA deem
sufficient notice to be given by the posting of notice in appropriate places,
or by any other publication device.

     Section 18.13 Counterparts. The Plan instrument and amendments thereto may
be executed in several counterparts, each of which shall be deemed an original.
As to the Plan instrument and as to the instruments of amendment thereto, the
counterparts of the respective instruments shall be considered a single
instrument, which may be sufficiently evidenced by one counterpart. Further,
each amendment to the Plan shall be deemed to have amended all counterpart Plan
instruments, and, if applicable, all counterparts of prior amendments.

     Section 18.14 Acceptance by Other Employers. Another employer may adopt
this Plan to cover its employees by filing with the Company a written
resolution adopting the Plan, upon which the Company shall indicate its
acceptance of such employer as a Participating Employer under the Plan.

     Section 18.15 Mistaken Payments. If it is determined that a Participant,
Beneficiary, surviving Spouse or Alternate Payee has received the incorrect
payment(s) for any reason, overpayments shall be charged against, and
underpayments shall be added to, any benefits otherwise payable to any such
individual.

                                      65
<PAGE>

     Executed this _______ day of ______________, 2001.

                                             CELLCO PARTNERSHIP
                                             (D/B/A VERIZON WIRELESS)

     Attest: __________________              By: _______________________

                                             Title:_____________________

                                      66
<PAGE>

                                   APPENDIX A
                       ACTUARIAL ASSUMPTIONS AND FACTORS

                        VERIZON WIRELESS RETIREMENT PLAN

The following assumptions shall be used for determining the Actuarial
Equivalent of a benefit, except as specified to the contrary in the Plan or
Appendix C:

1.   For Purposes of Calculating the Normal and Optional Forms:

     (a) UCN Annuity Pension Benefit Options. For purposes of converting a UCN
Annuity Pension Benefit in the form of a single life annuity described in
Section 10.02(a)(1) to an optional form of payment, other than a single sum
payment or an immediate annuity described in Section (b) below, the 1984 George
B. Buck Mortality Table assuming 55% male and 45% female at 8% interest.

     (b) Transition Benefit Account Options. For purposes of converting a
Transition Benefit Account to an immediate single life annuity, the Applicable
Interest Rate and the Applicable Mortality Table specified in Section 2(a)(ii)
of this Appendix A.

2.   For Purposes of Calculating Single Sum Distributions:

     (a) UCN Annuity Pension Benefit.

          (i) Prior to January 1, 2000. The single sum value of a participant's
monthly UCN Annuity Pension Benefit shall be actuarially computed on the basis
of the 1984 George B. Buck Mortality Table assuming 55% male and 45% female at
the interest rate that would have been used by the PGBC as of the distribution
date for purposes of determining the present value of a single sum distribution
on termination of a plan; provided, however, that if the present value of the
single sum distribution exceeds $25,000 using the PBGC interest rate, the
interest rate assumption shall be 120 percent of the PBGC Rate, provided that
the foregoing amount shall never be less than $25,000.

          (ii) Effective January 1, 2000. Notwithstanding the foregoing,
effective January 1, 2000, the single sum value of a Participant's monthly UCN
Annuity Pension Benefit shall be actuarially computed on the basis of: the
mortality table prescribed by the Secretary of the Treasury (the "Secretary")
pursuant to section 417(e)(3)(A)(ii)(I) of the Code (the "Applicable Mortality
Table"); and the annual rate of interest on 30-year Treasury securities as
specified by the Secretary pursuant to section 417(e)(3)(A)(ii)(II) of the Code
for the second month prior to the first day of the Plan Year in which payment
is made (the "Applicable Interest Rate").

     (b) Transition Benefit Account. For benefits in the form of a Transition
Benefit Account, the single sum value of a Participant's Transition Benefit
Account shall be based solely on the balance of the Participant's Transition
Benefit Account as of the Benefit Payment Date.

                                      67
<PAGE>

3.   Top-Heavy Rules

     Except to the extent specified otherwise in Appendix C, for the purpose of
implementing the top-heavy rules and tests of Code Section 416, actuarial
equivalence and actuarial present values shall be determined on the basis of an
interest rate of 7% per annum compounded annually and on the basis of the
UP-1984 Mortality Table.

                                      68
<PAGE>

                                   APPENDIX B
                            PARTICIPATING EMPLOYERS

Cellco Partnership (d/b/a Verizon Wireless)
AirTouch Cellular (California)
Verizon Wireless Texas LLC
NYNEX PCS, Inc.

                                      69
<PAGE>

                                   APPENDIX C
FOR FORMER EMPLOYEES OF AIRTOUCH COMMUNICATIONS, INC. AND CERTAIN ACTIVE
EMPLOYEES OF VODAFONE AMERICAS ASIA INC., FORMERLY, AIRTOUCH COMMUNICATIONS
INC.

Effective as of the close of December 31, 2000, all of the assets and
liabilities of the AirTouch Plan were transferred to the Plan, and participants
in the AirTouch Plan ceased accruing benefits thereunder. The purpose of this
Appendix C is to provide the participants in the AirTouch Plan with the
benefits they had accrued under the AirTouch Plan as of December 31, 2000. In
addition, the portion of a Participant's Accrued Benefit under the Plan
attributable to his AirTouch Annuity Pension Benefit may increase with
increases in his Final Average Compensation and, for Full Accrual Participants,
with additional Years of Credited Service as provided in this Appendix C. The
portion of a Participant's Accrued Benefit under the Plan attributable to his
AirTouch Annuity Pension Benefit is payable in the special forms of payment
provided in this Appendix C.

This Appendix C is a part of the Plan and shall be administered in accordance
with the provisions of the Plan. The benefits payable under the Plan to any
AirTouch Active Participant or AirTouch Inactive Participant shall be governed
by the rules set forth in the Plan, except as otherwise specifically provided
in this Appendix C. In no event shall the Accrued Benefit provided hereunder to
such a Participant under the Plan and this Appendix C be less than the accrued
benefit of such individual under the AirTouch Plan as of December 31, 2000.

The benefits payable under this Appendix C to any AirTouch Active Participant
or AirTouch Inactive Participant who has one or more Hours of Service under the
Plan on or after January 1, 2001 shall be calculated and payable in accordance
with the terms of the AirTouch Plan as it existed on December 31, 2000
(consisting of the AirTouch Communications Employees Pension Plan (Amended and
Restated as of January 1, 1995) and amendments number 1, 2, 4 and 5 to the
AirTouch Plan, all of which are hereby incorporated into the Plan by this
reference), with the following exceptions:

1.   The cash-out provisions contained in the Plan shall apply in lieu of the
     cash-out provisions contained in the AirTouch Plan.

2.   The provisions in the Plan concerning minimum required distributions under
     section 401(a)(9) of the Code shall apply in lieu of the minimum required
     distribution provisions contained in the AirTouch Plan.

3.   In-Service Pensions (as described in Section 5 of the AirTouch Plan) shall
     not be required or permitted.

4.   No Compensation earned by a Participant on or after January 1, 2007 shall
     be counted for purposes of determining his Final Average Compensation
     under the AirTouch Plan.

                                      70
<PAGE>

5.   Unless previously terminated under the provisions of the AirTouch Plan, a
     Participant's "Term of Employment" for purposes of the AirTouch Plan shall
     cease on December 31, 2006.

The benefits payable under the terms of the AirTouch Plan (or its predecessors)
to any individual who does not have one or more Hours of Service under the Plan
on or after January 1, 2001 and who is not employed by a "Participating
Company" (as defined in the AirTouch Plan) on or after December 31, 2000 shall
be determined under the terms of the AirTouch Plan (or its predecessors) in
effect on the date such individual's employment terminated.

                                      71EXHIBIT 10.48

                   VERIZON ENTERPRISES MANAGEMENT PENSION PLAN

                             AS AMENDED AND RESTATED
                            EFFECTIVE JANUARY 1, 2002

<PAGE>

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
<PAGE>

                               TABLE OF CONTENTS

ARTICLE I -- Introduction......................................................1

   1.1      HISTORY OF PLAN....................................................1
   1.2      EFFECT OF RESTATEMENT..............................................1
   1.3      EFFECT ON PRIOR ACTIONS AND ELECTIONS..............................2
   1.4      INCORPORATION OF TRUST AGREEMENT...................................2
   1.5      SCHEDULES TO PLAN..................................................2

ARTICLE II -- Definitions......................................................3

ARTICLE III -- Participation..................................................24

   3.1      GENERAL RULE......................................................24
   3.2      PARTICIPATION REQUIRED FOR PENSION................................24

ARTICLE IV-A -- Computation of Vesting Service, Net Credited Service,
and Pension Accrual Service (for other than Excluded Employees)...............25

   4A.1     VESTING SERVICE...................................................25
   4A.2     NET CREDITED SERVICE..............................................26
   4A.3     PENSION ACCRUAL SERVICE...........................................27
   4A.4     ACCREDITED SERVICE................................................28
   4A.5     SPECIAL RULES.....................................................28

ARTICLE IV -- Computation of Vesting Service and Accredited Service
(for Excluded Employees)......................................................30

   4.1      PRE-2002 VESTING SERVICE..........................................30
   4.2      POST-2001 VESTING SERVICE.........................................30
   4.3      BREAK IN VESTING SERVICE..........................................31
   4.4      REEMPLOYMENT AFTER BREAK IN VESTING SERVICE.......................31
   4.5      PRE-2002 ACCREDITED SERVICE.......................................31
   4.6      POST-2001 ACCREDITED SERVICE......................................31
   4.7      BREAK IN ACCREDITED SERVICE.......................................32
   4.8      REEMPLOYMENT AFTER BREAK IN ACCREDITED SERVICE....................32
   4.9      CALCULATION OF BENEFITS FOLLOWING BRIDGING OF ACCREDITED SERVICE..33
   4.10     SPECIAL VESTING FOR CERTAIN DIVESTITURES..........................33

ARTICLE V-A -- Eligibility for Pension (for other than Excluded Employees)....34

   5A.1     VESTED PENSION....................................................34
   5A.2     PRE-RETIREMENT DEATH BENEFITS.....................................35
   5A.3     POST-NRA DISTRIBUTION.............................................35
   5A.4     DISABILITY PENSION................................................36
   5A.5     ELIGIBILITY FOR RETIREE MEDICAL AND WELFARE BENEFITS..............36

ARTICLE V -- Eligibility for Pension (for Excluded Employees).................38

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002

                                       i
<PAGE>

   5.1      NORMAL RETIREMENT.................................................38
   5.2      REQUIRED RETIREMENT...............................................38
   5.3      EARLY RETIREMENT..................................................39
   5.4      DISABILITY RETIREMENT.............................................39
   5.5      DEFERRED VESTED PENSION...........................................40
   5.6      SPOUSE'S PENSION..................................................40
   5.7      POST-NRA DISTRIBUTION.............................................41

ARTICLE VI-A -- Computation of Pensions (for other than Excluded Employees)
and Form of Payment...........................................................43

   6A.1     PLAN BENEFIT FORMULAS.............................................43
   6A.2     VESTED PENSION AT PENSION COMMENCEMENT DATE.......................48
   6A.3     DISABILITY PENSION................................................50
   6A.4     PRE-RETIREMENT DEATH BENEFITS.....................................50
   6A.5     AUTOMATIC FORMS OF PAYMENT........................................54
   6A.6     OPTIONAL FORMS OF PAYMENT.........................................59
   6A.7     LIMITATIONS ON PENSIONS...........................................62
   6A.8     ELIGIBLE ROLLOVER DISTRIBUTIONS...................................64
   6A.9     INCREASES AFTER PENSION COMMENCEMENT DATE  DUE TO
            ADDITIONAL COMPENSATION...........................................65
   6A.10    NO OTHER ANCILLARY BENEFITS.......................................65
   6.A.11   MERGER OF PRODUCTS PLAN INTO PLAN AS OF NOVEMBER 30, 2001.........65
   6A.12    OPTION FOR CERTAIN PARTICIPANTS TERMINATING EMPLOYMENT IN 2001....66

ARTICLE VI -- Computation of Pensions (for Excluded Employees)................69

   6.1      SERVICE PENSION...................................................69
   6.2      DISABILITY PENSION................................................70
   6.3      DEFERRED VESTED PENSION...........................................70
   6.4      SPOUSE'S PENSION..................................................71
   6.5      LIMITATIONS ON PENSIONS...........................................73

ARTICLE VII -- Payment of Pensions and Conditions Related Thereto.............74

   7.1      ANNUITY FORMS OF PAYMENTS.........................................74
   7.2      PROHIBITION AGAINST ALIENATION OF BENEFITS........................74
   7.3      SUSPENSION OF BENEFITS AND CALCULATION OF BENEFITS AFTER
            REEMPLOYMENT......................................................75
   7.4      PROVISION OF NECESSARY INFORMATION................................80
   7.5      TRANSFER BETWEEN AFFILIATES.......................................80
   7.6      MANDATORY LUMP SUM DISTRIBUTION OF SMALL BENEFITS.................80
   7.7      MINIMUM DISTRIBUTIONS REQUIRED UNDER CODE SECTION 401(A)(9).......81
   7.8      EARLY COMMENCEMENT ELECTION.......................................83
   7.9      REQUIRED COMMENCEMENT.............................................83
   7.10     SETTLEMENT OF CLAIMS OR LITIGATION................................83

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002

                                       ii
<PAGE>

ARTICLE VIII -- Funding.......................................................84

   8.1      ESTABLISHMENT OF PENSION FUND.....................................84
   8.2      TRUST AGREEMENT...................................................84
   8.3      INSURANCE ARRANGEMENTS............................................84
   8.4      CONTRIBUTIONS.....................................................84
   8.5      EXCLUSIVE BENEFIT.................................................84
   8.6      RETURN OF CONTRIBUTIONS...........................................84
   8.7      POST-RETIREMENT HEALTH BENEFITS...................................85

ARTICLE IX -- Fiduciary Responsibilities and Plan Administration..............88

   9.1      ALLOCATION OF FIDUCIARY RESPONSIBILITIES..........................88
   9.2      EMPLOYEE BENEFITS COMMITTEE.......................................88
   9.3      COMMITTEE ACTION BY MAJORITY VOTE.................................88
   9.4      PLAN ADMINISTRATOR................................................88
   9.5      COMMITTEE RELIANCE ON PROFESSIONAL ADVICE.........................89
   9.6      PLAN ADMINISTRATION EXPENSES......................................89
   9.7      RESPONSIBILITIES OF TRUSTEES......................................89
   9.8      INVESTMENT MANAGEMENT BY TRUSTEE..................................89
   9.9      ALLOCATION OF INVESTMENT MANAGEMENT RESPONSIBILITIES..............89
   9.10     APPOINTMENT AND REMOVAL OF INVESTMENT MANAGERS....................89
   9.11     ASCERTAINMENT OF PLAN FINANCIAL NEEDS.............................90
   9.12     DELEGATION OF COMPANY'S DUTIES....................................90
   9.13     BENEFIT CLAIM PROCEDURE...........................................90
   9.14     QDRO PROCEDURES...................................................91
   9.15     SERVICE IN MULTIPLE FIDUCIARY CAPACITIES..........................91
   9.16     ASSISTANCE FOLLOWING CHANGE IN CONTROL............................91

ARTICLE X -- Cosponsorship of Plan by Affiliates and Mergers
with Affiliate Plans..........................................................93

   10.1     COSPONSORSHIP OF PLAN BY AFFILIATES...............................93
   10.2     MERGER WITH PLAN OF AFFILIATE.....................................93

ARTICLE XI -- Duration and Amendment..........................................94

   11.1     RESERVATION OF RIGHT TO SUSPEND OR TERMINATE PLAN.................94
   11.2     RESERVATION OF RIGHT TO AMEND PLAN................................94
   11.3     TRANSACTIONS SUBJECT TO CODE SECTION 414(L).......................94

ARTICLE XI-A -- Change in Control Provisions..................................96

   11A.1    CHANGE IN CONTROL ON OR AFTER JANUARY 1, 2002.....................96
   11A.2    CHANGE IN CONTROL BEFORE JANUARY 1, 2002..........................99

ARTICLE XII -- Distribution of the Pension Fund Upon Termination of
            the Plan.........................................................100

   12.1     VESTING ON PLAN TERMINATION......................................100
   12.2     ALLOCATION OF ASSETS ON PLAN TERMINATION.........................100

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                                      iii
<PAGE>

   12.3     PROVISION FOR PENSIONS AFTER PLAN TERMINATION....................102
   12.4     COMPUTATION OF PENSIONS AFTER PLAN TERMINATION...................102
   12.5     CONTINUED EMPLOYMENT NOT REQUIRED AFTER PLAN TERMINATION.........102
   12.6     DATA IN COMPANY RECORDS ON PLAN TERMINATION......................102
   12.7     SATISFACTION OF LIABILITIES ON PLAN TERMINATION..................102
   12.8     POST-1993 HIGH-25 DISTRIBUTION RESTRICTIONS......................103

ARTICLE XIII -- Interchange of Benefit Obligations...........................104

   13.1     INTERCHANGE AGREEMENT PERMITTED..................................104
   13.2     PLANS OF CANADIAN AFFILIATES.....................................105
   13.3     MANDATORY PORTABILITY............................................106

ARTICLE XIV -- General Provisions............................................109

   14.1     NO EMPLOYMENT RIGHTS CONFERRED...................................109
   14.2     INTEGRATION CLAUSE...............................................109
   14.3     INCAPACITY OF RECIPIENT..........................................109
   14.4     ERISA FIDUCIARY DUTIES...........................................109
   14.5     COMPLIANCE WITH STATE AND LOCAL LAW..............................109
   14.6     USAGE............................................................109
   14.7     TITLES AND HEADINGS..............................................109
   14.8     SEVERABILITY CLAUSE..............................................109
   14.9     CERTAIN MILITARY SERVICE.........................................110

ARTICLE XV -- Top-Heavy Requirements.........................................111

   15.1     IN GENERAL.......................................................111
   15.2     DEFINITIONS......................................................111
   15.3     DETERMINATION OF TOP-HEAVY RATIO.................................112
   15.4     TOP-HEAVY MINIMUM BENEFITS.......................................113
   15.5     TERMINATION OF TOP-HEAVY STATUS..................................114
   15.6     INTERPRETATION...................................................114

ARTICLE XVI -- 2001 Qualified Involuntary Separation Program.................115

   16.1     PURPOSE..........................................................115
   16.2     DEFINITIONS......................................................115
   16.3     TEMPORARY AND LIMITED APPLICATION OF THIS ARTICLE................118
   16.4     COMPUTATION OF THE PENSION UNDER THE ISEP........................118
   16.5     COMPUTATION OF PENSIONS GENERALLY................................120
   16.6     MISCELLANEOUS....................................................123

EXHIBIT A -- Actuarial Equivalence...........................................124

EXHIBIT B -- Schedule of Effective Dates.....................................130

SCHEDULE I -- SPECIAL PROVISIONS RELATING TO CERTAIN EMPLOYEES FORMERLY
EMPLOYED BY GTE SYLVANIA INCORPORATED OR OTHER EMPLOYER PARTICIPATING
IN THE GTE SYLVANIA PENSION PLAN FOR SALARY EMPLOYEES........................131

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Verizon Enterprises Management Pension Plan
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                                       iv
<PAGE>

SCHEDULE II -- SPECIAL PROVISIONS RELATING TO CERTAIN CONTEL EMPLOYEES.......139

SCHEDULE III -- SPECIAL PROVISIONS RELATING TO INDIVIDUALS WHO TRANSFER
EMPLOYMENT TO BALTIMORE TECHNOLOGIES PLC.....................................146

SCHEDULE IV -- SPECIAL PROVISIONS RELATING TO CERTAIN EMPLOYEES INVOLVED
WITH THE JUNE 28, 2000 INITIAL PUBLIC OFFERING OF GENUITY INC. OR ANY
AFFILIATE THEREOF............................................................147

SCHEDULE V -- SPECIAL PROVISIONS RELATING TO INDIVIDUALS WHO TRANSFER
EMPLOYMENT TO THE VERIZON WIRELESS JOINT VENTURE.............................149

SCHEDULE VI -- EXCLUSIONS OF BBN CORPORATION, BBN TECHNOLOGIES AND
RELATED EMPLOYEES............................................................150

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Verizon Enterprises Management Pension Plan
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                                       v
<PAGE>

                                    ARTICLE I

INTRODUCTION

     1.1 History of Plan. This Plan shall be known as the "Verizon Enterprises
Management Pension Plan" effective with the merger of the Products Plan (defined
below) with and into the Enterprises Plan (defined below) immediately after the
close of business on November 30, 2001.

The Chesapeake Directory Sales Company established the Chesapeake Directory
Sales Company Pension Plan (the "Chesapeake Plan") effective January 1, 1989.
The Chesapeake Plan was converted effective December 31, 1995 to a cash balance
plan and renamed the "Chesapeake Directory Sales Company Cash Balance Plan" and
was renamed again on January 1, 2001 as "Verizon's Chesapeake Directory Sales
Company Cash Balance Plan." The Chesapeake Plan was amended and restated as of
the close of business on May 31, 2001 to reflect the merger with and into the
Chesapeake Plan of Verizon's Bell Atlantic Enterprises Cash Balance Plan and the
concurrent renaming of the Chesapeake Plan as "Verizon's Bell Atlantic
Enterprises Cash Balance Plan" (the "Enterprises Plan").

The Verizon GTE Products Corporation Plan for Employees' Pensions (the "Products
Plan") was established as of January 1, 1977, for the purpose of providing
retirement benefits for eligible employees and their beneficiaries. The Products
Plan was amended and restated effective as of August 7, 1987, principally to
incorporate provisions of the GTE benefits protection program designed to secure
certain benefit entitlements under the Products Plan in the event of a Change in
Control of GTE Corporation and, effective January 1, 1988, to incorporate
provisions required by the Omnibus Budget Reconciliation Act of 1986. The
Products Plan was amended and restated, effective January 1, 1989, to
incorporate miscellaneous intervening amendments to the Products Plan and to add
provisions required by the Tax Reform Act of 1986 and other related legislation,
and was subsequently amended from time to time to reflect changes to benefit
entitlements and to comply with changes in applicable law.

The Products Plan was merged with and into the Enterprises Plan immediately
after the close of business on November 30, 2001 and the surviving plan was
named the "Verizon Enterprises Management Pension Plan" (the "Plan"). The Plan
as amended and restated herein, effective January 1, 2002, (i) incorporates
provisions required by the Uruguay Round Agreements Act, the Uniformed Services
Employment and Reemployment Rights Act of 1994, the Small Business Job
Protection Act of 1996, the Taxpayer Relief Act of 1997, the Internal Revenue
Service Restructuring and Reform Act of 1998, and the Community Renewal Tax
Relief Act of 2000, and related guidance, (ii) reflects the merger of the
Products Plan into the Enterprises Plan immediately after the close of business
on November 30, 2001, and (iii) incorporates the provisions of the new pension
formula effective January 1, 2002.

     1.2 Effect of Restatement. The right to a Pension, if any, of an Employee
who terminates his employment with the Affiliates on or after January 1, 2002,
shall be determined by the terms of the Plan (or, if appropriate, any plan
merged into the Plan) in effect on the date of his termination of employment;
provided that in no event shall the adoption of this amendment and restatement
of the Plan cause any participant's benefits under the Plan that are accrued or
treated as accrued under section 411(d)(6) of the Code to be less than such
benefits immediately before the adoption of this amendment and restatement; and
provided further that

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                                                                          Page 1
<PAGE>

those provisions of the Plan (or, if appropriate, any plan merged into the Plan)
that are effective as of a date before January 1, 2002, and that were not
otherwise in effect under the Plan (or, if appropriate, any Plan merged into the
Plan) before the Plan's amendment and restatement by this instrument shall
nonetheless be applied to determine the right to a Pension of an Employee who
terminates his employment with the Affiliates on or after the effective date of
such provision; and provided further that the change in control provisions in
effect under the Products Plan as of the change in control that occurred on May
18, 1999 shall continue to apply through May 18, 2004 with respect to
individuals who were participants or beneficiaries in the Products Plan on May
18, 1999. The provisions of this restated Plan that are required to comply with
the requirements of applicable law referred to in clause (i) in the last
sentence of Section 1.1 shall apply to amend the provisions of any plan that has
previously been merged into the Plan including, but not limited to, Verizon's
Bell Atlantic Enterprises Cash Balance Plan and the Verizon GTE Products
Corporation Plan for Employees' Pensions.

     1.3 Effect on Prior Actions and Elections. Unless it is inconsistent with
the terms of the Plan, any action taken or election made by the Committee or by
an Employee, former or Retired Employee, or Beneficiary under the Plan (or, if
appropriate, any plan merged into the Plan) before the Plan's amendment and
restatement by this instrument shall be regarded as having been taken or made
under the Plan as amended and restated and as in effect hereunder unless and
until changed in accordance with the terms of the Plan.

     1.4 Incorporation of Trust Agreement. The Trust Agreement established under
the Plan shall be incorporated into, and made a part of, the Plan in accordance
with Section 8.2.

     1.5 Schedules to Plan. The provisions of the main text of this Plan, as
they relate to the employees of a cosponsor of the Plan, or a category or
categories of employees of any cosponsor of the Plan, may be varied by special
provisions stated in one or more Schedules attached to the Plan. Any such
Schedules are part of the Plan.

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                                                                       Article I
                                                                          Page 2
<PAGE>

                                   ARTICLE II

DEFINITIONS

     When used in capitalized form in this Plan, the following terms shall have
the following meanings, unless the context clearly requires a different meaning:

          "Accredited Service" means the period of employment taken into account
     as Accredited Service under Article IV or Article IV-A, as appropriate.

          "Accrued Benefit" means:

               (a) For an Excluded Employee, on any given date, the pension
          (whether or not vested) that would be payable to the Employee in the
          form of a single life annuity commencing as of the first day of the
          month next following his Normal Retirement Date in accordance with
          Section 6.1, based on his Accredited Service and Average Annual
          Compensation as of the date as of which his Accrued Benefit is
          determined.

               (b) The Accrued Benefit of a Prior Plan participant who does not
          complete a Paid Hour of Service on or after January 1, 2002 shall be
          determined as described in Section 6A.11.

               (c) For an Employee who completes a Paid Hour of Service on or
          after January 1, 2002 (other than an Excluded Employee), on any given
          date, the pension (whether vested or not vested) that would be payable
          to the Employee in the form of a single life annuity commencing as of
          his Pension Commencement Date, determined in accordance with Section
          6A.2 as if such date is his Pension Commencement Date, based on his
          Cash Balance Account, Accredited Service, Average Annual Compensation,
          Pension Accrual Service and/or Net Monthly Compensation, as
          appropriate, as of such date.

          "ADEA" means the Age Discrimination in Employment Act of 1967, as
     amended and in effect from time to time.

          "Affiliate" means:

               (a) the Company;

               (b) any other corporation that is a member of a controlled group
          of corporations (as defined in section 1563(a) of the Code, without
          regard to section 1563(a)(4) and (e)(3)(C) of the Code) of which the
          Company is also a member;

               (c) any unincorporated business under common control with the
          Company, as determined under section 414(c) of the Code and, to the
          extent not inconsistent therewith, under such rules as may be adopted
          by the Board;

               (d) for periods after December 31, 1981, a member of any
          affiliated service group that includes the Company, as determined
          under section 414(m) of the Code; or

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Restated January 1, 2002
                                                                      Article II
                                                                          Page 3
<PAGE>

               (e) for periods after December 31, 1983, except to the extent
          otherwise provided in Treasury Regulations, a leasing organization
          with respect to the periods of service performed by any individual who
          is a leased employee (within the meaning of section 414(n) of the
          Code) with respect to an Affiliate (determined without regard to this
          subsection (e)) or any related person (within the meaning of section
          144(a)(3) of the Code).

     A corporation, unincorporated business, or other organization shall qualify
     as an Affiliate only with respect to the period during which it satisfies
     one or more of the applicable descriptions in subsections (a) through (e),
     above. Except as otherwise specifically provided in the Plan, the
     employment of an individual with an Affiliate for purposes of the Plan
     shall not include any period with respect to which the corporation,
     unincorporated business, or other organization constituting the Affiliate
     fails to satisfy one or more of the applicable descriptions in subsections
     (a) through (e), above, and an individual's employment with an Affiliate
     shall be considered terminated for purposes of the Plan no later than the
     date on which the corporation, unincorporated business, or other
     organization constituting the Affiliate ceases to satisfy any of the
     applicable descriptions in subsections (a) through (e), above. Subsections
     (d) and (e), above, shall apply solely for purposes of determining an
     individual's eligibility for participation and his Vesting Service, and
     shall not apply for any other purpose under the Plan, including, without
     limitation, for purposes of determining his Accredited Service, Net
     Credited Service or Pension Accrual Service.

          "Age 65 Normal Retirement Date" means, for any participant, the last
     day of the month in which he attains age 65, except that, in the case of a
     participant who was not employed by the Affiliates on or before the last
     day of the month during which he attained age 60, "Age 65 Normal Retirement
     Date" means the last day of the month in which occurs the fifth anniversary
     of the date as of which his participation in the Plan commenced or the last
     day of the month in which the participant completes five (5) years of
     Vesting Service, if earlier. Notwithstanding the above, for a former
     Enterprises Plan participant or a participant for whom assets and
     liabilities for benefits have been transferred to the Plan from another
     qualified plan (as a result of a transfer for the individual participant or
     a merger of such other plan into the Plan), "Age 65 Normal Retirement Date"
     shall not be later than the last day of the month in which the participant
     would have attained normal retirement age under such other plan.

          "Annual Compensation Limit" means the annual compensation limit
     determined under section 401(a)(17) of the Code. Compliance with the Annual
     Compensation Limit shall be determined in accordance with the following
     rules:

               (a) For purposes of determining benefit accruals of an Employee
          under the Plan for any Plan Year beginning after December 31, 2001,
          the Annual Compensation Limit for calendar year 2002 and all prior
          calendar years shall be $200,000, and the Annual Compensation Limit
          for each calendar year after 2002 shall be determined in accordance
          with section 401(a)(17)(B) of the Code.

               (b) For purposes of this definition, the benefit accruals of an
          Employee shall consist of accruals of (i) any benefit accrued or
          treated as accrued under section 411(d)(6) of the Code, and (ii) any
          ancillary benefit provided under the

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Restated January 1, 2002
                                                                      Article II
                                                                          Page 4
<PAGE>

          Plan. In addition, the accrued benefit of an Employee shall consist of
          all benefits accrued or treated as accrued under section 411(d)(6) of
          the Code.

               (c) Notwithstanding anything in subsections (a) and (b), above,
          to the contrary, with respect to benefits accrued under a Prior Plan
          before January 1, 2002, the Annual Compliance Limit shall be applied
          as provided by the terms of such Prior Plan as in effect on the
          relevant date.

          "Article" means an article of this Plan.

          "Authorized Individual" means the Executive Vice President - Human
     Resources and Administration of Verizon Corporate Services Group Inc. or
     Verizon, or a direct report of either who is responsible for employee
     benefit plan design or administration.

          "Average Annual Compensation" means:

               (a) for an Excluded Employee, twelve (12) times the average of an
          Employee's Monthly Compensation over the sixty (60) consecutive
          calendar months during which the average of his Monthly Compensation
          is the highest. For this purpose, calendar months during which the
          Employee is not employed by a Control Group Affiliate shall be
          ignored. If an Employee has been employed by the Control Group
          Affiliates for less than sixty (60) calendar months, his Average
          Annual Compensation shall be determined over such lesser period of
          employment; or

               (b) for a participant other than an Excluded Employee who
          completes a Paid Hour of Service on or after January 1, 2002, twelve
          (12) times the average of an Employee's Monthly Compensation over the
          sixty (60) consecutive calendar months during which the average of his
          Monthly Compensation is the highest. For this purpose, calendar months
          during which the Employee is not credited with Monthly Compensation,
          including calendar months during a Period of Severance, shall be
          ignored and calendar months of Monthly Compensation before and after
          such months shall be treated as consecutive. If an Employee has been
          credited with Monthly Compensation for less than sixty (60) calendar
          months, his Average Annual Compensation shall be determined over such
          lesser period of employment.

          "Bell Atlantic Company" means Bell Atlantic Corporation as it existed
     before June 30, 2000, and any company which, at the time the Employee
     rendered service to such company, was an affiliated company that was then
     directly or indirectly 80% to 100% owned by Bell Atlantic Corporation (or
     its predecessor corporations), determining "affiliated companies" in
     accordance with sections 414(b), (c), (m) or (o) of the Code.

          "Beneficiary" means any individual designated or deemed designated by
     an Employee or former Employee, in accordance with Section 6.4, 6A.4, 6A.5
     or 6A.6, to receive a benefit under the Plan after the Employee's or former
     Employee's death.

          "Board" means the Board of Directors of the Company.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                          Page 5
<PAGE>

          "Cash Balance Account" means a recordkeeping account, maintained for
     an Employee, for the purpose of tracking the Employee's benefit accrued
     under the Plan's cash balance formula described in Section 6A.1(a),
     attributable to the Employee's opening balance, any Pay Credits and/or
     Interest Credits that may be credited under the Plan, and any cash balance
     account that may have been transferred from a plan maintained by an
     Affiliate pursuant to Section 13.1 or from an Interchange Company Pension
     Plan pursuant to Section 13.3.

          "Code" means the Internal Revenue Code of 1986, as amended and in
     effect from time to time.

          "Committee" or "Employee Benefits Committee" or "Verizon Employee
     Benefits Committee" means the committee appointed pursuant to Article IX.

          "Company" means Chesapeake Directory Sales Company or any successor
     thereto. Except for purposes of the definitions of "Board" and "Controlled
     Group Affiliate," exercising the power to amend the Plan, and exercising
     the power to designate a cosponsor under Section 10.1, the term "Company"
     also means an Affiliate that cosponsors the Plan.

          "Control Group Affiliate" means the Company and any other corporation
     that is a member of a controlled group of corporations (as defined in
     section 1563(a) of the Code, without regard to section 1563(a)(4) and
     (e)(3)(C) of the Code) of which the Company is also a member, but only with
     respect to the period during which such other corporation is a member of
     such controlled group of corporations. Except as otherwise specifically
     provided in the Plan, the employment of an individual with a Control Group
     Affiliate for purposes of the Plan shall not include any period with
     respect to which the corporation constituting the Control Group Affiliate
     is not a member of the controlled group of corporations described in the
     preceding sentence, and an individual's employment with a Control Group
     Affiliate shall be considered terminated for purposes of the Plan no later
     than the date on which the corporation constituting the Control Group
     Affiliate ceases to be a member of the controlled group of corporations
     described in the preceding sentence.

          "Customary Work Year" means:

               (a) in the case of the Company, the lesser of (i) 2080 hours or
          (ii) the standard number of hours worked in any calendar year by
          full-time Employees comparably situated in the Company according to
          written statements of Company policy in effect from time to time, and

               (b) in the case of an Affiliate (other than the Company) or any
          other employer, the lesser of (i) the number of hours required for a
          year of service under any Other Pension Plan sponsored by such
          Affiliate or employer, or (ii) the standard number of hours worked in
          any calendar year by full-time employees comparably situated according
          to written statements of such Affiliate's or employer's policy in
          effect from time to time.

          "Deferred Vested Pension" means the payments under the Plan to an
     Employee who is eligible by reason of age and Vesting Service, pursuant to
     Section 5.5 and Section 6.3.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                          Page 6
<PAGE>

          "Disability Pension" means the payments under the Plan, by reason of
     Disability, to a Retired Employee pursuant to Section 5.4 and Section 6.2
     or pursuant to Section 5A.4 and Section 6A.3.

          "Disabled" or "Disability" means the total disability of an Employee
     with respect to which the Employee is eligible to receive benefits under
     the LTD Plan or would be eligible to receive benefits under the LTD Plan if
     the Employee had been participating in the LTD Plan.

          "Distribution-Eligible Employee" means an individual (a) who, as of
     December 31, 1999, is an Employee actively participating in the Products
     Plan and has attained Normal Retirement Age, and (b) who has not terminated
     employment with the Affiliates, excluding (i) any Employee whose employment
     was or will be transferred from a cosponsor of the Products Plan to either
     General Dynamics Corporation or an affiliate thereof or DynCorp or an
     affiliate thereof pursuant to either the Stock Purchase Agreement dated as
     of June 21, 1999 between Contel Federal Systems, Inc. and General Dynamics
     Corporation or the Purchase Agreement dated as of October 29, 1999 between
     Contel Federal Systems, Inc. and DynCorp, (ii) any Employee at a property
     that is to be divested as part of the GTE Corporation's Network
     Repositioning program, (iii) the Chairman and Chief Executive Officer of
     GTE Corporation, and (iv) the President of GTE Corporation.

          "Early Retirement Date" means any date before his Normal Retirement
     Date on which an Employee eligible for the provisions of Article V actually
     Retires or is Retired pursuant to Section 5.3.

          "Employee" means any individual determined by the Company to be
     employed in an employer-employee relationship by the Company as a salaried
     regular full-time or regular part-time employee, whether such employee is
     then in active service, or is absent from active service by reason of
     vacation, sickness, short term disability, leave of absence, or the like,
     or whose Vesting Service, Net Credited Service and Pension Accrual Service
     have continued to accrue in accordance with Sections 4A.1(d), 4A.2(d) and
     4A.3(e). "Employee" shall also mean (I) any individual employed in an
     employer-employee relationship by the Company in an hourly-rated position
     in a unit or division of the Company whose hourly-rated employees are
     specifically authorized by the Company to participate in the Plan pursuant
     to a collective bargaining agreement or otherwise or (II) a represented
     employee who has been temporarily promoted to a regular salaried position
     with the Company and has remained in that position for at least one year.
     Notwithstanding anything stated previously, an individual shall not be an
     Employee if he or she is:

               (a) an employee with the status of "Term Employee" (as that term
          is defined under the human resources guidelines of the Company);

               (b) a "leased employee" within the meaning of section 414(n) or
          414(o) of the Code;

               (c) an individual employed in a division or unit designated by
          the Company to be a non-participating division or unit on the basis of
          uniform and non-discriminatory rules;

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Restated January 1, 2002
                                                                      Article II
                                                                          Page 7
<PAGE>

               (d) a represented employee who is included in a unit of employees
          of the Company covered by a collective bargaining agreement that does
          not provide for participation in the Plan;

               (e) a represented employee who has been temporarily promoted to a
          regular salaried position with the Company and has remained in that
          position for less than one year;

               (f) an individual who is retained by the Company pursuant to a
          contract or agreement that specifies that the individual is not
          eligible to participate in the Plan;

               (g) an individual whose basic compensation for services rendered
          on behalf of the Company is not paid directly by the Company;

               (h) a nonresident alien who receives no earned income (within the
          meaning of section 911(d)(2) of the Code) from an Affiliate which
          constitutes income from sources within the United States (within the
          meaning of section 861(a)(3) of the Code) and, for a Former Bell
          Atlantic Employee, who was not covered by a predecessor plan on
          September 30, 1980; provided, however, that this provision shall not
          result in the exclusion from Employee status of any individual
          described in this subsection (h) who is an employee actively
          participating in the Products Plan immediately before January 1, 2002,
          unless and until the individual loses Employee status based on a
          provision of the Plan other than this subsection (h); or

               (i) an individual who is not classified as a common-law employee
          by the Company, as evidenced by payroll records or a written agreement
          with the individual, regardless of any subsequent reclassification of
          such individual as a "common-law" employee of the Company by the
          Company, any governmental agency, or any court, provided that, if such
          an individual is later classified as a common-law employee by the
          Company, any governmental agency, or any court, such individual shall
          be treated as an Employee prospectively (and not retroactively) from
          the date of such reclassification.

          "Employment Commencement Date" means the date on which an employee is
     first entitled to be credited with a Paid Hour of Service.

          "Enrolled Actuary" means an actuary who is enrolled in accordance with
     ERISA.

          "Enterprises Plan " means Verizon's Bell Atlantic Enterprises Cash
     Balance Plan as in effect on November 30, 2001, and as extended through
     December 31, 2001 pursuant to Section 6A.11.

          "ERISA" means the Employee Retirement Income Security Act of 1974, as
     amended and in effect from time to time.

          "Excluded Employee" means a participant who is an Employee on or after
     January 1, 2002 but whose benefits are determined under the provisions of
     Articles IV,

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                          Page 8
<PAGE>

     V and VI. Excluded Employees include (i) employees of international
     subsidiaries of the Company, and (ii) any group of Employees advised by the
     Plan administrator or the Human Resources department of the Company or
     Verizon before January 1, 2002 that the new pension formula effective in
     January 2002 will not apply to them.

          "Exhibit" means an exhibit appearing at the end of this Plan.

          "Former Bell Atlantic Employee" means an Employee who has a period of
     service before January 1, 2002 with a Bell Atlantic Company.

          "Former GTE Employee" means an Employee who has a period of service
     before January 1, 2002 with a GTE Company.

          "GTE Benefits Programs" means the plans, programs, policies, or
     contracts designated on Schedule 1 to the GTE Benefits Protection Trust as
     in effect on the earlier of the day before the Change in Control under
     Article XI-A occurred or the last day on which the GTE Benefits Protection
     Trust was in effect, provided that if the GTE Benefits Protection Trust is
     not established before the occurrence of the Change in Control under
     Article XI-A, "GTE Benefits Programs" shall mean the plans, programs,
     policies, and contracts listed on Schedule 1 to the draft of the GTE
     Benefits Protection Trust presented to and approved by the Board of
     Directors of GTE Corporation on August 6, 1987.

          "GTE Benefits Protection Trust" means the GTE Service Corporation
     Benefits Protection Trust established, as of September 15, 1987, as a
     grantor trust under a trust agreement by and between GTE Service
     Corporation (Verizon Corporate Services Group Inc. effective December 11,
     2001) and the trustee thereunder, as amended and in effect from time to
     time, for the purpose of ensuring that employees and former employees (and
     their beneficiaries) of Original Verizon Entities who are participants or
     beneficiaries under one or more of the GTE Benefits Programs will receive
     the benefits to which they are entitled thereunder.

          "GTE Company" means GTE Corporation as it existed before June 30,
     2000, and any company which, at the time the Employee rendered service to
     the company, was an affiliated company that was then directly or indirectly
     80% to 100% owned by GTE Corporation (or its predecessor corporations),
     determining "affiliated companies" in accordance with sections 414(b), (c),
     (m) or (o) of the Code.

          "Hour of Service" means with respect to an employee (including a
     leased employee within the meaning of section 414(n) of the Code):

               (a) each hour for which an employee is directly or indirectly
          paid or entitled to payment by an Affiliate for the performance of
          duties (such hours to be credited to the employee for the computation
          period or periods in which the duties are performed);

               (b) each hour for which the employee is directly or indirectly
          paid or entitled to payment by an Affiliate for reasons other than the
          performance of duties; and

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                          Page 9
<PAGE>

               (c) each hour for which back pay to the employee, irrespective of
          mitigation of damages, has been either awarded or agreed to by an
          Affiliate.

     Hours credited in accordance with subsections (b) and (c), above, shall be
     credited in accordance with 29 C.F.R. ss. 2530.200b-2(b) & (c), as amended.

     An Employee also shall be credited with one Hour of Service for each hour
     of excused absence time which has been approved for Vesting Service and
     Accredited Service purposes in accordance with Company policy in effect
     from time to time (within the meaning of Sections 4.2(a) and 4.6(a),
     respectively).

          "Interchange Agreement" means the Mandatory Portability Agreement,
     made as of January 1, 1985 among NYNEX Corporation, Bell Atlantic
     Corporation, AT&T and one or more other companies pursuant to P.L. 98-369,
     Section 559, or any similar agreement that provides for the portability of
     benefits with respect to certain former Employees or Employees who are or
     were employed by an Interchange Company.

          "Interchange Company" means a company that is a party to an
     Interchange Agreement, but only so long as such Interchange Agreement is in
     force and effect. Any Company or other Affiliate that was not an
     Interchange Company prior to December 1, 2001 shall not become an
     Interchange Company solely due to the merger of the Products Plan with and
     into the Enterprises Plan on November 30, 2001.

          "Interchange Company Pension Plan" means a defined benefit pension
     plan, maintained by an Interchange Company, that is qualified under section
     401(a) of the Code, other than the Plan or any other plan of an Affiliate.

          "Interest Credits" means dollar credits, based on the Interest Credit
     Percentage, that may be credited on a monthly basis to a Participant's Cash
     Balance Account pursuant to Section 6A.1(a)(iii).

          "Interest Credit Percentage" means, for a given month beginning on or
     after January 1, 2002, one-twelfth of the lesser of:

               (a) one (1) percentage point plus the average annual yield on
          U.S. Treasury debt securities with a constant maturity of one year (as
          published in Federal Reserve Statistical Release H.15) for the second
          month preceding the first day of the calendar quarter in which the
          given month occurs; or

               (b) the "applicable interest rate" within the meaning of section
          417(e)(3)(A)(ii)(II) of the Code for the second month preceding the
          first day of the calendar quarter in which the given month occurs.

          "Joint-Survivor Pension" means the joint and survivor annuity form of
     payment described in Section 6A.6(a).

          "LTD Plan" means the Long-Term Disability Income Protection Plan
     adopted by the Company (but not the long-term disability plan maintained by
     Bell Atlantic Corporation as of December 31, 2001, under which a Former
     Bell Atlantic Employee has elected to remain covered).

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 10
<PAGE>

          "Monthly Compensation" means:

               (a) Monthly Compensation For Excluded Employees. For purposes of
          determining Average Annual Compensation as of a date on or after
          January 1, 2002 for an Excluded Employee, an Employee's monthly base
          rate of compensation for a calendar month determined in accordance
          with the following rules:

                    (i) If there is more than one monthly base rate of
               compensation in effect with respect to an Employee for a calendar
               month, the Employee's Monthly Compensation for the calendar month
               shall be the highest such monthly base rate of compensation.

                    (ii) Only compensation for services rendered as an employee
               of a Control Group Affiliate shall be taken into account as
               Monthly Compensation. During periods when an Employee is
               scheduled to perform services on less than a full-time basis, the
               Employee's monthly base rate of compensation shall be reduced to
               reflect his reduced working schedule.

                    (iii) Monthly Compensation shall include any amount that
               would qualify as such but for the Employee's agreement to defer
               or forego receipt thereof pursuant to a qualified cash or
               deferred arrangement described in section 401(k) of the Code or a
               cafeteria plan described in section 125 of the Code. Effective
               October 1, 2001, or the first payroll period beginning
               thereafter, Monthly Compensation shall include pre-tax
               contributions relating to "qualified transportation fringe"
               benefits under section 132(f)(4) of the Code.

                    (iv) For calendar years after 1987, Monthly Compensation (A)
               shall include (I) foreign service premium paid as an incentive to
               accept a foreign assignment, (II) payments made under the
               Performance Rewards Program and similar team-oriented short-term
               incentives that are specifically included by the Committee from
               time to time, and (III) commissions and bonuses on account of
               sales when received by an Employee pursuant to a written
               commitment of his employer, but (B) shall not include any (I)
               Executive Incentive Plan (EIP) payment, (II) Unit Incentive Plan
               (UIP) payment, (III) Distinguished Service Award payment, (IV)
               overtime, (V) differentials, (VI) premiums, and (VII) other
               similar types of payment. Monthly Compensation for years
               beginning on and after January 1, 1995, shall include temporary
               job reclassification pay adjustments that are paid to the
               Employee for a period of at least 90 consecutive calendar days.
               Monthly Compensation for years beginning on and after January 1,
               1995, shall include the amount of any single sum merit payment
               made to an Employee in lieu of an annual salary increase for such
               year. Monthly Compensation also shall include Executive Incentive
               Plan (EIP) awards when earned, Management Incentive Plan (MIP)
               awards when paid, International Team Incentive Program (ITIP)
               awards when paid, and GTE Investment Management Corporation
               Incentive Plan awards when

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 11
<PAGE>

               paid; provided that, to the extent an Executive Incentive Plan
               (EIP) award is awarded on other than a monthly basis, it shall be
               attributed to Monthly Compensation ratably over the period for
               which it is awarded, and the Employee's 2000 EIP payment shall be
               credited ratably over 2000 and at the rate of 1/12 of such
               payment per month of employment in 2001.

                    (v) For calendar years before 1988, Monthly Compensation (A)
               shall include (I) foreign service premium paid as an incentive to
               accept a foreign assignment and (II) commissions and bonuses on
               account of sales when received by an Employee pursuant to a
               written commitment of his employer, but (B) shall not include (I)
               overtime, (II) differentials, (III) premiums, and (IV) other
               similar types of payment.

                    (vi) In addition to other applicable limitations that may be
               set forth in the Plan and notwithstanding any other contrary
               provision of the Plan, the sum of the Monthly Compensation taken
               into account with respect to an Employee for the twelve calendar
               months in a determination year shall not exceed the Annual
               Compensation Limit in effect with respect to the Employee for the
               calendar year in which the determination year begins. If the sum
               of the Monthly Compensation with respect to an Employee for a
               determination year would otherwise exceed such Annual
               Compensation Limit, the Monthly Compensation for each calendar
               month in the determination year shall be reduced, beginning with
               the calendar month in which the Employee has the greatest Monthly
               Compensation, until such Annual Compensation Limit is no longer
               exceeded. For purposes of this paragraph, the determination years
               with respect to an Employee shall consist of the consecutive
               twelve-calendar-month periods that end with the calendar month in
               which the Employee's employment with the Affiliates terminates.

          (b) Monthly Compensation After 2001. For purposes of determining
     Average Annual Compensation, Pay Credits or Net Monthly Compensation as of
     a date on or after January 1, 2002 for an Employee other than an Excluded
     Employee, an Employee's monthly base rate of compensation and other
     compensation for a calendar month determined in accordance with the
     following rules:

               (i) Credit for Compensation Before 2002. For purposes of
          determining Average Annual Compensation, an Employee's Monthly
          Compensation for calendar months beginning before January 1, 2002 will
          equal the Employee's compensation for pension accrual purposes
          determined as described in (A) the applicable Prior Plan, or (B) any
          plan of the Company or another Affiliate or any Interchange Company
          Pension Plan from which benefit assets and liabilities have been
          transferred for the Employee, in which the Employee was then an active
          participant; provided, however, that compensation received by the
          Employee from a Bell Atlantic Company before 1996 shall not be taken
          into account and compensation for any period of participation in a
          plan that does not define compensation for pension accrual purposes
-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 12
<PAGE>

          shall be determined by applying the definition of Monthly Compensation
          in effect under the Products Plan during such period to the Employee's
          compensation from the Company, Affiliate or Interchange Company by
          which he was then employed.

               (ii) Credit for Compensation After 2001. An Employee's Monthly
          Compensation for calendar months beginning on or after January 1, 2002
          shall be determined as follows:

                    (A) Determining Monthly Base Rate. An Employee's monthly
               base rate of compensation for a calendar month shall be included
               in his Monthly Compensation for that month. If there is more than
               one monthly base rate of compensation in effect with respect to
               an Employee for a calendar month, the Employee's Monthly
               Compensation for the calendar month shall include only the
               highest such monthly base rate of compensation.

                    (B) Compensation as an Employee. Only compensation for
               services rendered as an Employee shall be taken into account as
               Monthly Compensation for purposes of determining the Employee's
               Pay Credits, Average Annual Compensation or Net Monthly
               Compensation; provided, however, that:

                         (I) an Employee's compensation from the Company or
                    another Affiliate or from an Interchange Company earned for
                    service other than as an Employee, during which he accrued
                    pension benefits under a plan maintained by such Company or
                    Affiliate or under an Interchange Company Pension Plan the
                    assets and liabilities for which have been transferred to
                    the Plan, shall be taken into account in determining the
                    Employee's Monthly Compensation for purposes of calculating
                    his Average Annual Compensation to the extent such
                    compensation was included in the definition of
                    "compensation" applied under such other plan to determine
                    the Employee's transferred benefit; provided, however, that
                    compensation for any period of participation in a plan that
                    does not define compensation for pension accrual purposes
                    shall be determined by applying the definition of Monthly
                    Compensation in effect under the Plan during such period to
                    the Employee's compensation from the Company, Affiliate or
                    Interchange Company by which he was then employed; and

                         (II) for a Former GTE Employee, compensation for
                    service rendered as an employee of a Control Group Affiliate
                    that occurs after December 31, 2001 and before June 1, 2004
                    and after his status as an Employee ends shall be taken into
                    account in determining the Employee's Monthly Compensation
                    for purposes of calculating his Average Annual Compensation,
                    to the extent not otherwise credited under this definition.
-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 13
<PAGE>

                    (C) Compensation for Part-Time Employment. For a calendar
               month in which an Employee is scheduled to perform on a part-time
               basis for the entire month, the Employee's actual base
               compensation shall be included in Monthly Compensation instead of
               the amount described in paragraph (A).

                    (D) Base Rate for Less than Full Month. A full-time
               Employee's monthly base rate of compensation shall not be
               prorated for periods of employment of less than a full calendar
               month.

                    (E) Imputing Compensation During Disability. An individual
               who becomes disabled while an Employee and qualifies for and
               begins to receive benefits under the LTD Plan shall be deemed to
               receive Monthly Compensation, for the period commencing on the
               date of the onset of disability and ending on the date benefits
               under the LTD Plan cease (or his Pension Commencement Date, if
               earlier), equal to the Employee's monthly base rate of
               compensation in effect immediately before such period; provided,
               however, that for an Employee whose compensation is based on
               commissions, the monthly base rate of compensation for this
               purpose shall be increased by the monthly average of the
               Employee's commissions for the 12 months immediately preceding
               such period.

                    (F) Imputing Compensation During Non-Disability Absences. An
               Employee who is credited with Pension Accrual Service for a
               period of unpaid absence from employment with the Company shall
               be deemed to receive Monthly Compensation, for the period of
               absence for which he is credited with Pension Accrual Service,
               equal to the Employee's monthly base rate of compensation in
               effect immediately before such period; provided, however, that
               for an Employee whose compensation is based on commissions, the
               monthly base rate of compensation for this purpose shall be
               increased by the monthly average of the Employee's commissions
               for the 12 months immediately preceding such period.

                    (G) Other Compensation Included. Monthly Compensation shall
               include the following types of compensation as paid (or granted
               as described in (II), below), if paid (or granted) effective
               during the period for which compensation is taken into account
               under (B) through (F), above:

                         (I) sales bonuses and commissions paid pursuant to a
                    written commitment of the employer that provides that such
                    amount is included in earnings for pension accrual purposes;
-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 14
<PAGE>

                         (II) short-term individual and team-oriented
                    performance incentives, including incentives granted under
                    the Verizon Incentive Plan starting in 2002 (whether or not
                    deferred to a non-qualified plan of the Company or another
                    Affiliate), but excluding Senior Manager Short-Term
                    Incentives for purposes of determining Pay Credits;

                         (III) the amount of any single sum merit payment made
                    to the Employee in lieu of an annual salary increase;

                         (IV) temporary assignment pay;

                         (V) corporate profit sharing annual awards;

                         (VI) differentials or premiums; and

                         (VII) back pay, designated by the award as
                    benefits-eligible.

               (H) Certain Compensation Credited After Termination.
          Notwithstanding anything in the foregoing to the contrary, for a
          participant who is an Employee on the date he terminates employment
          with all Affiliates, Monthly Compensation shall include amounts paid
          after the participant's termination of employment if such amounts
          would otherwise have qualified as Monthly Compensation under this
          definition had such amounts been paid while the participant was an
          Employee and such amounts are paid either in the Plan Year in which
          the participant's termination of employment occurs or in the following
          Plan Year. For purposes of calculating a participant's Average Annual
          Compensation, such amounts shall be treated as if paid on the
          participant's last day as an Employee.

               (I) Inclusion of Amounts Deferred. Monthly Compensation shall
          include any amount that would qualify as such but for the Employee's
          agreement to defer or forego receipt thereof pursuant to a qualified
          cash or deferred arrangement described in section 401(k) of the Code,
          a cafeteria plan described in section 125 of the Code or, a qualified
          transportation fringe benefit plan described in section 132(f)(4) of
          the Code.

               (J) Exclusions. Monthly Compensation shall not include any form
          of compensation that is not listed in this definition as included.
          Forms of compensation that are excluded from Monthly Compensation
          include, but are not limited to, overtime and performance payments or
          other types of pay that are identified as excluded from pension
          earnings.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 15
<PAGE>

               (K) Applying Annual Compensation Limit. In addition to other
          applicable limitations that may be set forth in the Plan and
          notwithstanding any other contrary provision of the Plan:

                    (I) for purposes of calculating an Employee's Average Annual
               Compensation, the sum of the Monthly Compensation taken into
               account with respect to an Employee for the twelve calendar
               months in a determination year shall not exceed the Annual
               Compensation Limit in effect with respect to the Employee for the
               calendar year in which the determination year begins. If the sum
               of the Monthly Compensation with respect to an Employee for a
               determination year would otherwise exceed such Annual
               Compensation Limit, the Monthly Compensation for each calendar
               month in the determination year shall be reduced, beginning with
               the calendar month in which the Employee has the greatest Monthly
               Compensation, until such Annual Compensation Limit is no longer
               exceeded. For purposes of this paragraph, the determination years
               with respect to an Employee shall consist of the consecutive
               twelve-calendar-month periods that end with the calendar month in
               which the Employee's employment with the Affiliates terminates,
               or with the last calendar month of the period over which his
               Average Annual Compensation is calculated, if earlier.

                    (II) an Employee's Pay Credits for any Plan Year shall be
               based on the Employee's Monthly Compensation; provided, however,
               that aggregate Monthly Compensation taken into account for
               purposes of determining the Employee's Pay Credits for the Plan
               Year shall not exceed the Annual Compensation Limit for such Plan
               Year.

                    (III) Aggregate Monthly Compensation credited to an
               Employee's Net Monthly Compensation for any Plan Year shall not
               exceed the Annual Compensation Limit for such Plan Year.

          "Net Credited Service" means the period of employment taken into
     account as Net Credited Service under Article IV-A.

          "Net Monthly Compensation" means, for a Transition-Eligible Employee,
     the aggregate of the Employee's Monthly Compensation credited after
     December 31, 2007.

          "Normal Retirement Age" means age 65, except that:

               (a) in the case of any Employee who was not employed by the
          Affiliates on or before the last day of the month during which he
          attained age 60, "Normal Retirement Age" means the fifth anniversary
          of the date as of which the Employee's participation in the Plan
          commenced or, the date on which the Employee completes five (5) years
          of Vesting Service, if earlier; and

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 16
<PAGE>

               (b) in the case of any Employee who on December 31, 1999, (A) is
          an Employee actively participating in the Products Plan and has
          combined age and years of Accredited Service of at least 76 and (B)
          has at least 15 years of Accredited Service, "Normal Retirement Age"
          means age 55, provided the Employee has attained at least age 55 on
          December 31, 1999; and

               (c) for a former Enterprises Plan participant or an Employee or
          former Employee for whom assets and liabilities for benefits have been
          transferred to the Plan from another qualified plan (as a result of a
          transfer for the individual participant or merger of such other plan
          into the Plan), "Normal Retirement Age" shall not occur later than the
          date on which the participant would have attained normal retirement
          age under such other plan.

          "Normal Retirement Date" means the last day of the month during which
     an Employee or former Employee attains Normal Retirement Age.

          "Original Verizon Entities" means any entities that, on the day before
     the Change in Control occurred under Article XI-A, constituted Verizon or
     any corporation or unincorporated entity the majority interest in which was
     held on that day, directly or indirectly, by Verizon.

          "Other Pension Plan" means:

               (a) any pension plan or any pension system (other than this
          Plan),

               (b) any payment required to be made by law or regulation on
          account of termination or separation from employment,

               (c) any other similar program, or

               (d) any similar plan, system, payment, or program, to the extent
          that it provides benefits that are attributable to service with a
          Control Group Affiliate, a GTE Company or an Interchange Company and
          that result from a transfer of liabilities from this Plan (or any
          predecessor plan) or any other arrangement described in subsection
          (a), (b), or (c),

     to which a Control Group Affiliate, a GTE Company or, in the case of an
     arrangement described in subsection (d), any other employer has contributed
     or does contribute during the continuance of the Plan, either directly or
     indirectly, but in any case only to the extent that amounts paid thereunder
     are provided by or are attributable to employer contributions.
     Notwithstanding the foregoing, the term "Other Pension Plan" shall not
     include:

               (e) a pension paid or payable pursuant to any Federal or State
          law,

               (f) any amount paid or payable pursuant to any applicable law
          relating to worker's compensation or occupational diseases,

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 17
<PAGE>

               (g) any deferred compensation or similar payments made directly
          by the employer on an unfunded basis, or

               (h) any other arrangement to the extent that offsetting the
          benefits otherwise provided under this Plan by the benefits provided
          under such other arrangement would result in an impermissible
          forfeiture within the meaning of section 411(a) of the Code.

     Nothing in this definition, including subsection (d) hereof, or in its
     application hereunder shall be deemed to reimpose on the Plan any liability
     with respect to a liability that has been transferred from the Plan in
     accordance with Section 11.3, 13.1 or 13.3.

          "Paid Hour of Service" means an Hour of Service described in
     subsection (a) of the definition of Hour of Service in this Article II. For
     a participant who on December 31, 2001 is (a) a disabled Former GTE
     Employee earning vesting and accredited service under the Products Plan,
     (b) a Former GTE Employee on excused absence earning vesting and accredited
     service under the Products Plan, or (c) a Former Bell Atlantic Employee
     earning vesting and net credited service under the Enterprises Plan during
     an excused absence, and who on January 1, 2002 is an Employee, a "Paid Hour
     of Service" shall include service credited to the Employee with respect to
     such absence for any period after 2001 pursuant to Article IV-A.

          "Pay Credits" means dollar credits, based on the Employee's Monthly
     Compensation and Pay Credit Percentage, that may be credited on a monthly
     basis to an Employee's Cash Balance Account as described in Section
     6A.1(a)(ii).

          "Pay Credit Percentage" means a percentage of an Employee's Monthly
     Compensation which an Employee may be entitled to have credited to his Cash
     Balance Account as described in Section 6A.1(a)(ii).

          "PBGC" means the Pension Benefit Guaranty Corporation.

          "PBGC Immediate Rate" means the interest rate in effect 90 days before
     the applicable Pension Commencement Date that would be used by the PBGC to
     value a participant's immediate annuity benefit upon termination of a
     trusteed single employer plan (or any applicable successor rate designated
     by the PBGC) or, if the PBGC no longer publishes such a rate and has not
     designated an applicable successor rate, the successor rate established for
     similar purposes by the Internal Revenue Service. Notwithstanding the
     foregoing, if a lump sum amount exceeds $25,000 when determined using the
     PBGC Immediate Rate as defined in the preceding sentence, the "PBGC
     Immediate Rate" shall mean 120% of the PBGC Immediate Rate as defined in
     the preceding sentence, provided that in no event shall the amount of a
     lump sum determined using the PBGC Immediate Rate as defined in this
     sentence be less than $25,000.

          "Pension" means a Service Pension, a Disability Pension, a Deferred
     Vested Pension, a Spouse's Pension, a Vested Pension or a Pre-Retirement
     Death Benefit. Notwithstanding the preceding sentence, for purposes of
     Sections 6A.5 and 6A.6, the definitions of "Qualified Joint and Survivor
     Annuity" and "Retirement," and where otherwise appropriate, the term
     "Pension" shall not include a Spouse's Pension or a

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 18
<PAGE>

     Pre-Retirement Death Benefit.

          "Pension Accrual Service" means the period of employment taken into
     account as Pension Accrual Service under Article IV-A.

          "Pension Commencement Date" means the date as of which a Pension is
     scheduled to commence in accordance with the provisions of the Plan.

          "Pension Fund" means the Trust Fund or Funds, or an arrangement with
     an insurance company for the funding of Pensions under the Plan, or both.

          "Pension Plan Administrator" means the person or entity designated to
     process and decide claims for benefits under the Plan pursuant to Section
     9.13(a).

          "Period of Severance" means a continuous period of time following a
     Separation From Service Date during which the former employee does not
     complete a Paid Hour of Service.

          "Plan" means the Verizon Enterprises Management Pension Plan, as now
     or previously in effect and as amended from time to time.

          "Plan Year" means the calendar year.

          "Pop-Up Annuity" means a pop-up joint and survivor annuity described
     in Section 6A.6(d).

          "Post-NRA Distribution" means a Pension payable to a
     Distribution-Eligible Employee in accordance with Section 5.7 or 5A.3.

          "Pre-Retirement Death Benefit" means the payments under the Plan to
     the Beneficiary of an Employee or former Employee who dies before his
     Pension Commencement Date payable pursuant to Section 5A.2 and Section
     6A.4.

          "Prior Plan" means the Enterprises Plan or the Products Plan in which
     the Employee was previously a participant.

          "Products Plan" means the Verizon GTE Products Corporation Plan for
     Employees' Pensions as in effect on November 30, 2001, and as extended
     through December 31, 2001 pursuant to Section 6A.11.

          "Qualified Domestic Relations Order" means (a) a "qualified domestic
     relations order" within the meaning of section 206(d) of ERISA, (b) a
     domestic relations order entered before January 1, 1985, if payment of
     benefits pursuant to such order had commenced as of such date, and (c) any
     other domestic relations order entered before January 1, 1985, that the
     Committee's delegate elects, in its sole discretion, to treat as a
     Qualified Domestic Relations Order.

          "Qualified Joint and Survivor Annuity" means a Joint-Survivor Pension,
     that is actuarially equivalent to the participant's Accrued Benefit, under
     which a 50-percent survivor annuity is payable to the participant's Spouse
     as Beneficiary. Notwithstanding the preceding sentence, if the participant
     elects in accordance with

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 19
<PAGE>

          Section 6A.6(a) to receive his Pension in the form of a Joint-Survivor
          Pension, that is actuarially equivalent to the participant's Accrued
          Benefit, under which a 66-2/3 percent or 100-percent survivor annuity
          is payable to the participant's Spouse as Beneficiary, the
          Joint-Survivor Pension so elected by the participant shall be the
          Qualified Joint and Survivor Annuity with respect to the participant.

          "Required Retirement Date" means the later of an Employee's Normal
     Retirement Date or the last day of the first month in which the conditions
     in Section 5.2(a)(i) through (iv) or Section 5A.1(b)(i) through (iv) are
     satisfied with respect to the Employee.

          "Required Starting Date" means April 1 of the calendar year following
     the calendar year in which the participant attains age 70 1/2.

          "Residual Assets" means the assets, if any, of the Pension Fund that
     remain after all liabilities of the Plan (other than liabilities created by
     Section 12.2(h)) have been satisfied after termination of the Plan,
     excluding any such assets that are attributable to participant
     contributions in accordance with Section 4044 of ERISA and the regulations
     promulgated thereunder.

          "Retire," "Retired," or "Retirement" means either (a) the termination
     of an Employee's employment with the Affiliates under such circumstances
     that he is entitled to receive a Pension, except that an Employee who
     defers payment of his Pension shall be deemed to Retire on the last day of
     the month immediately preceding his Pension Commencement Date, or (b) the
     circumstances under which an Employee who was enrolled in and met the
     disability requirements of the LTD Plan in accordance with the provisions
     of Sections 4.2(d) and 4.6(d) or Sections 4A.1(d), 4A.2(d), and 4A.3(e) is
     thereafter entitled to receive a Pension; provided that in the case of an
     Employee who attains Normal Retirement Age on account of subsection (b) of
     the definition of Normal Retirement Age, "Retire," "Retired," and
     "Retirement" means the foregoing circumstances determined without regard to
     whether the Employee has terminated employment with the Affiliates.

          "Retired Employee" means a former Employee who is receiving a Pension
     under the Plan; provided that in the case of an Employee who becomes
     entitled to receive a Pension under the Plan on account of attaining Normal
     Retirement Age as defined in subsection (b) of the definition of Normal
     Retirement Age, whether an Employee is a "Retired Employee" shall be
     determined without regard to whether the Employee has terminated employment
     with the Affiliates.

          "Retirement Date" means the date on which an Employee actually Retires
     or is Retired pursuant to the terms of the Plan.

          "Schedule" means a schedule appearing at the end of this Plan.

          "Section" means a section of this Plan.

          "Separation From Service Date" means the earlier of:

               (a) the date on which an Employee terminates employment with all
          Affiliates including, without limitation, by reason of retirement,
          resignation,

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 20
<PAGE>

          death or other termination of employment; or

               (b) the first anniversary of the date on which the Employee is
          absent from the employ, or ceases to render active service as an
          employee of the Affiliates for any other reason.

     Notwithstanding the above:

                    (i) any period of sickness or accident disability benefits
               under a short-term disability plan shall, for purposes of this
               definition, be considered active service and not absence from
               employment, unless and until the Employee resigns, retires, dies
               or is otherwise terminated from employment;

                    (ii) any period of disability during which service is
               credited under Section 4A.1(d) shall be considered active service
               and not absence from employment;

                    (iii) if the Employee is on a military leave of absence
               under leave granted by the Company or another Affiliate or
               required by law, the Employee shall not be considered to have had
               a Separation From Service Date to the extent required pursuant to
               Section 14.9; or

                    (iv) if the Employee is on a leave of absence of more than
               12 months under a uniformly available leave of absence program of
               an Affiliate, the Employee shall not be considered to have had a
               Separation From Service Date to the extent provided by such leave
               policy.

          "Service Pension" means the payments under Article VI, by reason of an
     Employee's age and Accredited Service, to a Retired Employee for life, but
     does not include a Disability Pension or a Deferred Vested Pension.

          "Social Security Integration Level" means, as to the calendar year in
     which an Employee Retires or otherwise terminates employment, the average
     annual wages (rounded to the next lower multiple of $100) with respect to
     which primary benefits would be provided under the Social Security Act for
     a male worker attaining age 65 in such calendar year, computed as though
     for each year before such calendar year the annual wages were equal to the
     maximum amount of the taxable wages under the Social Security Act; provided
     that (a) in the case of a participant or Beneficiary who is receiving
     benefits under the Plan, or (b) in the case of a participant who is
     separated from service and has nonforfeitable rights to benefits, such
     benefits are not decreased by reason of any increase in the benefit level
     payable under Title II of the Social Security Act or any increase in the
     wage base under such Title II, if such increase takes place after September
     2, 1974, or (if later) the earlier of the date of the first receipt of such
     benefits or the date of such separation, as the case may be.

          "Spouse" means the person to whom an Employee or former Employee is
     married on his date of death or his Pension Commencement Date, whichever
     occurs first. The term "Spouse" also shall include a former spouse of an
     Employee or former Employee to the extent required by a Qualified Domestic
     Relations Order.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 21
<PAGE>

          "Spouse's Pension" means the payments under the Plan for life to the
     Spouse of an Employee or former Employee who dies before his Pension
     Commencement Date payable pursuant to Section 5.6 and Section 6.4.

          "Table" means one of the alphabetically denominated tables set forth
     in the Compendium of Plan Factors that is maintained by the Employee
     Benefits Committee and which is hereby incorporated into and made a part of
     the Plan. Unless otherwise specified, the Tables that apply for purposes of
     the main text of the Plan and the Schedules hereto shall be determined in
     accordance with Exhibit A.

          "Transition-Eligible Employee" means an individual who is an Employee
     (other than an Excluded Employee) at any time on or after January 1, 2002
     and who is either (a) a Former GTE Employee who is credited with 10 or more
     years of Accredited Service under the terms of the Products Plan as of
     January 1, 2002, or (b) a Former Bell Atlantic Employee who is credited
     with 10 or more years of Net Credited Service under the terms of the
     Enterprises Plan as of January 1, 2002. For purposes of determining whether
     an Employee is a Transition-Eligible Employee, service for periods of
     employment prior to January 1, 2002 that is added to a participant's
     Accredited Service or Net Credited Service through a plan amendment that is
     adopted after January 1, 2002 shall not be taken into account.

          "Trust Agreement" means the trust agreement under the Plan between the
     Company or any other Affiliate and any Trustee at any time acting
     thereunder.

          "Trust Fund" means any fund held under a Trust Agreement.

          "Trustee" means the trustee under a Trust Agreement.

          "Verizon" means Verizon Communications Inc. or any successor.

          "Vesting Service" means the period of employment taken into account as
     Vesting Service under Article IV or Article IV-A, as appropriate.

          "Vested Pension" means the payments under the Plan to an Employee who
     is eligible by reason of age and/or Vesting Service, pursuant to Sections
     5A.1 and 6A.2.

          "Unconverted Annuity Benefit" means a pension benefit that has not
     been converted to an opening balance in a Cash Balance Account, including:

               (a) an "unconverted annuity pension benefit" (other than the
          benefit derived from the modified former pension formula) originating
          in the Enterprises Plan that is held for a participant under the Plan
          as of December 31, 2001;

               (b) a pension benefit transferred to the Plan pursuant to Section
          13.1 on or after January 1, 2002 in a form other than a cash balance
          account from another defined benefit plan maintained by an Affiliate;

               (c) a pension benefit that a rehired Former Bell Atlantic
          Employee or Former GTE Employee accrued under a Prior Plan during one
          or more periods

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 22
<PAGE>

          of service that ended before the applicable cash balance conversion
          date, which has not previously been paid in full to the Employee
          (including any non-vested benefit deemed to be cashed-out under
          Section 7.6 but which was restored upon rehire) or, if such benefit
          was earned under the Enterprises Plan, which has not previously been
          forfeited under the terms of the Enterprises Plan; or

               (d) a pension benefit transferred to the Plan pursuant to Section
          13.3 on or after January 1, 2002 in a form other than a cash balance
          account from an Interchange Company Pension Plan.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article II
                                                                         Page 23
<PAGE>

                                   ARTICLE III

PARTICIPATION

     3.1 General Rule. Any individual who is an Employee on or after January 1,
2002 shall become a participant in the Plan on the first day he qualifies as an
Employee under Article II.

     3.2 Participation Required for Pension. Except as otherwise provided in the
Plan, no Pension shall be payable under the Plan except with respect to an
individual who has become a participant in the Plan pursuant to this Article
III.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article III
                                                                         Page 24
<PAGE>

                                  ARTICLE IV-A

     COMPUTATION OF VESTING SERVICE, NET CREDITED SERVICE, AND PENSION ACCRUAL
SERVICE (FOR OTHER THAN EXCLUDED EMPLOYEES)

THE PROVISIONS OF THIS ARTICLE IV-A APPLY FOR PURPOSES OF DETERMINING VESTING
SERVICE, NET CREDITED SERVICE, PENSION ACCRUAL SERVICE AND ACCREDITED SERVICE
FOR PARTICIPANTS, OTHER THAN EXCLUDED EMPLOYEES, WHO COMPLETE A PAID HOUR OF
SERVICE AT ANY TIME AFTER DECEMBER 31, 2001. (FORMER EMPLOYEES WHO ARE CREDITED,
PURSUANT TO A SCHEDULE OR OTHER PLAN PROVISION, WITH SERVICE FOR EMPLOYMENT
AFTER 2001 WITH A COMPANY THAT IS NOT AN AFFILIATE (E.G., BALTIMORE TECHNOLOGIES
EMPLOYMENT DESCRIBED IN SCHEDULE III) SHALL NOT COMPLETE A PAID HOUR OF SERVICE
BY REASON OF SUCH CREDIT.)

         4A.1 Vesting Service. Subject to Section 4A.5 and Section 13.1(a)(v),
for a participant (other than an Excluded Employee) who completes a Paid Hour of
Service after December 31, 2001, including a participant who is not an employee
on January 1, 2002 but is rehired thereafter, Vesting Service shall equal the
sum of:

          (a) Service Before 2002. The years and partial years of (i) Vesting
     Service credited to the participant under the Products Plan as of December
     31, 2001 (or, for a rehired participant, his earlier termination date),
     and/or (ii) "ERISA Service" credited to the participant under the
     Enterprises Plan as of December 31, 2001 (or, for a rehired participant,
     his earlier termination date) determined, in the case of a participant who
     is an Employee on January 1, 2002, as if any service bridging waiting
     period which the Employee was in the process of completing on December 31,
     2001 had been completed;

          (b) Service After 2001. The participant's years and partial years of
     service with the Company or another Affiliate in the period beginning on
     (i) for a Former GTE Employee or a Former Bell Atlantic Employee who is an
     Employee on January 1, 2002, January 1, 2002, (ii) for a Former GTE
     Employee or Former Bell Atlantic Employee who is not an Employee on January
     1, 2002, the first day he completes a Paid Hour of Service on or after
     January 1, 2002, or (iii) for any other participant, the participant's
     Employment Commencement Date, and ending on his most recent Separation From
     Service Date disregarding any Period of Severance exceeding twelve (12)
     months;

          (c) Prior Employer Service. The participant's years and partial years
     of service with any other employer when specifically approved for Vesting
     Service purposes by the Board or an amendment to the Plan pursuant to
     Section 11.2 or when required to be credited pursuant to the mandatory
     portability rules described in Section 13.3 or pursuant to any Schedule, to
     the extent not otherwise credited under this Section; and

          (d) Imputing Service During Disability. In the case of an Employee who
     was enrolled in and met the eligibility and disability requirements of the
     LTD Plan and who has not elected a Pension Commencement Date, the period of
     years and partial years commencing with the beginning of the disability
     covered by the LTD Plan or January 1, 2002, if later, and ending when
     benefits under the LTD Plan cease or his Pension Commencement Date, if
     earlier.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article IV-A
                                                                         Page 25
<PAGE>

For purposes of subsections (b) through (d), full and partial years of Vesting
Service credited for the periods described in those subsections shall be
computed under the elapsed time method, based on records maintained by the
Company and any other Affiliates, using a uniform and consistent approach that
the Committee determines to be appropriate and lawful. Notwithstanding anything
in this Section 4A.1 to the contrary, for a Former GTE Employee who on January
1, 2002 both (i) is an employee of the Company or another Affiliate, and (ii) is
credited with at least two (2) years of Vesting Service, but less than five (5)
years of Vesting Service, under the Products Plan, Vesting Service shall be
determined under the rules described in Article IV through December 31, 2004, if
the Employee would be credited with more years of Vesting Service as a result.

     4A.2 Net Credited Service. Subject to Section 4A.5 and Section 13.1(a)(v),
for a participant (other than an Excluded Employee) who completes a Paid Hour of
Service after December 31, 2001, including a participant who is not an employee
on January 1, 2002 but is rehired thereafter, Net Credited Service shall equal
the sum of:

          (a) Service Before 2002. The years and partial years of (i) Accredited
     Service credited to the participant under the Products Plan as of December
     31, 2001 (or, for a rehired participant, his earlier termination date),
     including any service credited under any Schedule or other provision for
     purposes of determining the participant's eligibility for a service
     pension, and/or (ii) "net credited service" credited to the participant
     under the Enterprises Plan as of December 31, 2001 (or, for a rehired
     participant, his earlier termination date), determined, in the case of a
     participant who is an Employee on January 1, 2002, as if any service
     bridging waiting period which the Employee was in the process of completing
     on December 31, 2001 had been completed;

          (b) Service After 2001. The participant's years and partial years of
     service with the Company or another Affiliate in the period beginning on
     (i) for a Former GTE Employee or a Former Bell Atlantic Employee who is an
     Employee on January 1, 2002, January 1, 2002, (ii) for a Former GTE
     Employee or Former Bell Atlantic Employee who is not an Employee on January
     1, 2002, the first day he completes a Paid Hour of Service on or after
     January 1, 2002, or (iii) for any other participant, the participant's
     Employment Commencement Date, and ending on his most recent Separation From
     Service Date disregarding any Period of Severance exceeding twelve (12)
     months;

          (c) Prior Employer Service. The participant's years and partial years
     of service with any other employer when specifically approved for Net
     Credited Service purposes by the Board or an amendment to the Plan pursuant
     to Section 11.2 or when required to be credited pursuant to the mandatory
     portability rules described in Section 13.3 or pursuant to any Schedule, to
     the extent not otherwise credited under this Section; and

          (d) Imputing Service During Disability. In the case of an Employee who
     was enrolled in and met the eligibility and disability requirements of the
     LTD Plan and who has not elected a Pension Commencement Date, the period of
     years and partial years commencing with the beginning of the disability
     covered by the LTD Plan or January 1, 2002, if later, and ending when
     benefits under the LTD Plan cease or his Pension Commencement Date, if
     earlier.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article IV-A
                                                                         Page 26
<PAGE>

For purposes of subsections (b) through (d), full and partial years of Net
Credited Service credited for the periods described in those subsections shall
be computed under the elapsed time method, based on records maintained by the
Company and any other Affiliates, using a uniform and consistent approach that
the Committee determines to be appropriate and lawful. Notwithstanding anything
in this Section 4A.2 to the contrary, for a Former GTE Employee, years and
partial years of Net Credited Service credited to the Employee for any period of
service after December 31, 2001 and before June 1, 2004 shall not be less than
the years and partial years of Accredited Service that would have been credited
to the Employee for such period under Article IV if such rules had been in
effect through May 31, 2004.

     4A.3 Pension Accrual Service. Subject to Section 4A.4, Section 4A.5,
Section 5.7, Section 5A.3 and Section 13.1, for a participant who is a
Transition-Eligible Employee who completes a Paid Hour of Service after December
31, 2001, including a participant who is not an employee on January 1, 2002 but
is rehired thereafter, Pension Accrual Service shall equal the sum of:

          (a) Service with GTE Before 2002. The years and partial years of
     Accredited Service credited to the participant under the Products Plan as
     of December 31, 2001 (or, for a rehired participant, his earlier
     termination date), determined, in the case of a participant who is an
     Employee on January 1, 2002, as if any service bridging waiting period
     which the Employee was in the process of completing on December 31, 2001
     had been completed, but excluding (i) for any participant who has taken an
     in-service distribution pursuant to Section 5A.3 or 5.7 (or a similar
     provision in the Products Plan), Accredited Service earned before the
     calendar year in which the in-service distribution occurred, and (ii) any
     Accredited Service credited solely for Pension eligibility purposes;

          (b) Service with Bell Atlantic Before 2002. The years and partial
     years of "net credited service" credited to the participant under the
     Enterprises Plan as of December 31, 2001 (or, for a rehired participant,
     his earlier termination date), determined, in the case of a participant who
     is an Employee on January 1, 2002, as if any service bridging waiting
     period which the Employee was in the process of completing on December 31,
     2001 had been completed, but excluding (i) the participant's periods of
     service before January 1, 2002 with a Bell Atlantic Company that did not
     participate in the company pension plan, and (ii) any Net Credited Service
     credited solely for purposes of determining retirement eligibility;

          (c) Service After 2001. The participant's years and partial years of
     service with the Company or another Affiliate in the period beginning on
     (i) for a Former GTE Employee or a Former Bell Atlantic Employee who is an
     Employee on January 1, 2002, January 1, 2002, (ii) for a Former GTE
     Employee or Former Bell Atlantic Employee who is not an Employee on January
     1, 2002, the first day he completes a Paid Hour of Service on or after
     January 1, 2002, or (iii) for any other participant, the participant's
     Employment Commencement Date, and ending on his most recent Separation From
     Service Date disregarding any Period of Severance (regardless of the
     length) and any period during which the participant is not an Employee
     (except as provided in (d), (e), (f) or (g), below);

          (d) Prior Employer Service. The participant's years and partial years
     of service with any other employer when specifically approved for Pension
     Accrual Service

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article IV-A
                                                                         Page 27
<PAGE>

     purposes by the Board or an amendment to the Plan pursuant to Section 11.2
     or when required to be credited pursuant to the mandatory portability rules
     described in Section 13.3 or pursuant to any Schedule, to the extent not
     otherwise credited under this Section;

          (e) Imputing Service During Disability. In the case of an Employee who
     was enrolled in and met the eligibility and disability requirements of the
     LTD Plan and who has not elected a Pension Commencement Date, the period of
     years and partial years commencing with the beginning of the disability
     covered by the LTD Plan or January 1, 2002, if later, and ending when
     benefits under the LTD Plan cease or his Pension Commencement Date, if
     earlier;

          (f) Service Associated with Transferred Benefit. The participant's
     years and partial years of service with the Company or another Affiliate
     when he was not an Employee, during which the participant accrued pension
     benefits under a plan maintained by such Company or Affiliate the assets
     and liabilities for which have been transferred to the Plan pursuant to
     Section 13.1; and

          (g) Service Following Transfer to Non-Participating Affiliate. For a
     Former GTE Employee, the participant's years and partial years of service
     with a Control Group Affiliate occurring after January 1, 2002 and before
     June 1, 2004 and after his status as an Employee ends, to the extent not
     otherwise credited under subsections (a) through (f), above.

For purposes of subsections (c) through (g), full and partial years of Pension
Accrual Service credited for the periods described in those subsections shall be
computed under the elapsed time method, based on records maintained by the
Company and any other Affiliates, using a uniform and consistent approach that
the Committee determines to be appropriate and lawful. Notwithstanding anything
in this Section 4A.3 to the contrary, (i) for a Transition-Eligible Employee who
is a Former GTE Employee, years and partial years of Pension Accrual Service
credited to the Employee for any period of service after December 31, 2001 and
before June 1, 2004 shall not be less than the years and partial years of
Accredited Service that would have been credited to the Employee for benefit
accrual purposes for such period under Article IV if such rules had been in
effect through May 31, 2004, and (ii) no Pension Accrual Service shall be
credited to a participant who is not a Transition-Eligible Employee, except for
the purpose described in Section 4A.4.

     4A.4 Accredited Service. Notwithstanding anything in Section 4A.3 to the
contrary, for a Former GTE Employee (other than an Excluded Employee) who
completes a Paid Hour of Service after December 31, 2001, Pension Accrual
Service shall be calculated as described in Section 4A.3, above, and shall be
used in place of Accredited Service for purposes of applying the benefit formula
described in Section 6A.1(c)(i) through May 31, 2004.

     4A.5 Special Rules. Notwithstanding anything in this Article IV-A to the
contrary:

          (a) No Service Credited Due to Reclassification. In no event shall Net
     Credited Service or Pension Accrual Service as determined under this
     Article include any period of an individual's employment during which the
     individual is not classified by the Company or another Affiliate as a
     common-law employee of the Company or Affiliate, regardless of any
     subsequent reclassification of such individual as a

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article IV-A
                                                                         Page 28
<PAGE>

     "common-law" employee of the Company or another Affiliate by the Company,
     Affiliate, any governmental agency, or any court.

          (b) Certain Service Credits Disregarded at Rehire. In no event shall
     any years added to a participant's service under the terms of an early
     retirement window or other pension enhancement program under the Plan or a
     Prior Plan be taken into account in determining the participant's service
     under this Article IV-A upon the participant's rehire.

          (c) Amendments to Provide Full Vesting. An Authorized Individual,
     acting in a settlor capacity, is authorized to execute a written amendment
     to the Plan to provide that certain Employees who terminate employment with
     the Affiliates on account of a corporate transaction shall be fully vested
     in their Accrued Benefits under the Plan upon such termination of
     employment. Such Employees shall be fully vested in their Accrued Benefits
     under the Plan upon termination of employment without a written Plan
     amendment, if such vesting is required by the provisions of the sale or
     other agreement effecting such transaction.

          (d) No Duplication of Service Credits. In no event shall any period of
     service be credited twice for the same purpose under this Article IV-A.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article IV-A
                                                                         Page 29
<PAGE>

                                   ARTICLE IV

                         COMPUTATION OF VESTING SERVICE
                 AND ACCREDITED SERVICE (FOR EXCLUDED EMPLOYEES)

THE PROVISIONS OF THIS ARTICLE IV APPLY FOR PURPOSES OF DETERMINING VESTING
SERVICE AND ACCREDITED SERVICE FOR PARTICIPANTS WHO ARE EXCLUDED EMPLOYEES.

     4.1 Pre-2002 Vesting Service. For an Excluded Employee, Vesting Service,
with respect to any period of employment with an Affiliate prior to January 1,
2002, shall equal the Vesting Service credited to such Employee for such period
under the Products Plan.

     4.2 Post-2001 Vesting Service. For an Excluded Employee, Vesting Service,
in respect of any period of employment with an Affiliate after December 31,
2001, shall consist, without duplication, of the aggregate of the following:

          (a) active employment with the Company and any excused absence time
     specifically approved for Vesting Service purposes in accordance with
     Company policy in effect from time to time;

          (b) active employment with any other Affiliate;

          (c) active employment with any other employer when specifically
     approved for Vesting Service purposes by the Board or an amendment to the
     Plan pursuant to Section 11.2; and

          (d) in the case of an Employee who was enrolled in and met the
     eligibility and disability requirements of the LTD Plan and who has not
     been Retired on a Disability Pension, the period of time (i) commencing
     with the beginning of the Disability covered by the LTD Plan and (ii)
     ending when the benefits under the LTD Plan cease, with his rate of
     compensation immediately prior to his Disability being deemed to continue
     during such period for the purpose of computing Average Annual
     Compensation.

Except as provided in subsection (d) of this Section 4.2, a full year of Vesting
Service shall be included in the employee's aggregate of Vesting Service with
respect to any calendar year in which he has been credited with not less than
1000 Hours of Service. In the case of an Employee who, in a calendar year, is
credited with less than 1000 Hours of Service, the Employee shall accrue a
fraction of a year of Vesting Service (not in excess of one (1)), where the
numerator of the fraction is the number of Hours of Service credited to the
Employee during such year and the denominator is the Customary Work Year. An
employee shall be credited, in accordance with 29 C.F.R. ss.
2530.200b-3(e)(1)(ii) & (e)(4), with 45 Hours of Service for each week for which
he would be required to be credited with at least one "hour of service" under 29
C.F.R. ss. 2530.200b-2. In the case of a week that begins in one computation
period and ends in a second computation period, all Hours of Service credited
for such week shall be credited to both computation periods. In the case of
payments to an employee calculated on the basis of a unit of time greater than
one week, the employee shall be credited, in accordance with 29 C.F.R. ss.
2530.200b-3(e)(6), with 45 Hours of Service for each week that, in the course of
the employee's regular work schedule, would be included in such greater unit of
time.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article IV
                                                                         Page 30
<PAGE>

          4.3 Break in Vesting Service. For an Excluded Employee:

                    (a) Except as provided in Section 4.2(d), Vesting Service
               shall be broken in any calendar year in which an employee who has
               not been credited with more than 500 Hours of Service ceases to
               be an employee of the Affiliates.

                    (b) Solely for purposes of determining under subsection (a),
               above, whether an employee has been credited with more than 500
               Hours of Service during a calendar year, up to 501 of the Hours
               of Service that would otherwise normally have been credited to
               the employee during the calendar year but for the fact that the
               employee was absent from work (i) by reason of the employee's
               pregnancy, (ii) by reason of the birth of the employee's child,
               (iii) by reason of the placement of a child with such employee in
               connection with an adoption of such child by the employee, or
               (iv) for purposes of caring for a child for a period beginning
               immediately following birth or placement, shall be credited as
               Hours of Service. If the employee would have been credited with
               more than 500 Hours of Service during the calendar year
               notwithstanding the immediately preceding sentence, such Hours of
               Service shall be credited to the succeeding calendar year.
               Notwithstanding Section 4.7, this subsection (b) shall not apply
               for purposes of determining whether an employee's Accredited
               Service has been broken.

     4.4 Reemployment After Break in Vesting Service. For an Excluded Employee,
when an employee's Vesting Service is broken, and he thereafter is reemployed by
an employer described in Section 4.2 and accumulates 1000 Hours of Service
constituting Vesting Service during the period that begins on the date he is
reemployed and that ends on the date his Vesting Service is next broken, then
the break in the employee's employment shall be bridged, and there shall be
added to the Vesting Service that has accumulated since his reemployment the
aggregate of all previous periods of Vesting Service that the employee had prior
to the break, provided that the employee had at least one year of Vesting
Service preceding the break in service. If the Employee accumulates 1000 Hours
of Service constituting Vesting Service during the period that begins on the
date he is reemployed and that ends on the date his Vesting Service is next
broken, that fact shall be taken into account as provided in the preceding
sentence solely for purposes of bridging the break in his employment.

     4.5 Pre-2002 Accredited Service. For an Excluded Employee, Accredited
Service, in respect of any period of employment with an Affiliate prior to
January 1, 2002, shall be determined under the terms of the Products Plan.

     4.6 Post-2001 Accredited Service. For an Excluded Employee, Accredited
Service, in respect of any period of employment after December 31, 2001, shall
consist, without duplication, of the aggregate of the following:

          (a) active employment with the Company and any excused absence time
     specifically approved for Accredited Service purposes in accordance with
     Company policy in effect from time to time;

          (b) active employment with a Control Group Affiliate other than the
     Company;

          (c) active employment with any other employer when specifically
     approved for

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<PAGE>

     Accredited Service purposes by the Board or an amendment to the Plan
     pursuant to Section 11.2; and

          (d) in the case of an Employee who was enrolled in and met the
     eligibility and disability requirements of the LTD Plan and who has not
     been Retired on a Disability Pension, the period of time (i) commencing
     with the beginning of the Disability covered by the LTD Plan and (ii)
     ending when the benefits under the LTD Plan cease, with his rate of
     compensation immediately prior to his Disability being deemed to continue
     during such period for the purpose of computing Average Annual
     Compensation.

Except as provided in subsection (d) of this Section 4.6, a full year of
Accredited Service shall be added to the Employee's aggregate Accredited Service
for any calendar year in which he has been credited with not less than the
Customary Work Year. In the case of an Employee who, in a calendar year, is
credited with less than the Customary Work Year, the Employee shall accrue a
fraction of a year of Accredited Service (not in excess of one (1)), where the
numerator of the fraction is the number of Hours of Service credited to the
Employee during such year and the denominator is the Customary Work Year. An
employee shall be credited, in accordance with 29 C.F.R. ss.
2530.200b-3(e)(1)(ii) & (e)(4), with 45 Hours of Service for each week for which
he would be required to be credited with at least one "hour of service" under 29
C.F.R. ss. 2530.200b-2. In the case of a week that begins in one computation
period and ends in a second computation period, all Hours of Service credited
for such week shall be credited to both computation periods. In the case of
payments to an employee calculated on the basis of a unit of time greater than
one week, the employee shall be credited, in accordance with 29 C.F.R. ss.
2530.200b-3(e)(6), with 45 Hours of Service for each week that, in the course of
the employee's regular work schedule, would be included in such greater unit of
time. If the compensation (if any) used to determine an Employee's accrued
benefit under any benefit formula in the Plan is so defined as to cause
application of the preceding sentence otherwise to violate the prohibition
against double proration in 29 C.F.R. ss. 2530.204-2(d), then the Employee's
compensation under such definition for any calendar year during which he is
credited with less than the Customary Work Year shall be adjusted by multiplying
his compensation under such definition for the calendar year by a fraction, the
numerator of which is the Customary Work Year, and the denominator of which is
the number of Hours of Service credited to the Employee during such year.
Notwithstanding the foregoing, Accredited Service shall not include any period
of an individual's employment during which the individual is not classified by
the Company or an Affiliate as a common-law employee of the Company or an
Affiliate, regardless of any subsequent reclassification of such individual as a
"common-law" employee of the Company or an Affiliate by the Company, an
Affiliate, any governmental agency, or any court.

     4.7 Break in Accredited Service. For an Excluded Employee, Accredited
Service shall be broken in any calendar year in which the Employee has a break
in Vesting Service pursuant to Section 4.3(a).

     4.8 Reemployment After Break in Accredited Service. For an Excluded
Employee:

          (a) When an employee's Accredited Service is broken, and he thereafter
     is reemployed by an employer described in Section 4.2 and accumulates 1000
     Hours of Service constituting Vesting Service during the period that begins
     on the date he is reemployed and that ends on the date his Vesting and
     Accredited Service are next

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<PAGE>

     broken, then the break in the employee's employment shall be bridged, and
     he shall be credited with the aggregate of all periods of Accredited
     Service that he had prior to the break, provided that the employee had at
     least one year of Vesting Service preceding the break in service. If the
     Employee accumulates 1000 Hours of Service constituting Vesting Service
     during the period that begins on the date he is reemployed and that ends on
     the date his Vesting Service is next broken, that fact shall be taken into
     account as provided in the preceding sentence solely for purposes of
     bridging the break in his employment.

          (b) Notwithstanding subsection (a), above, if the Employee is a
     "Special Retiree" as that term is defined in an enhanced (or incentive)
     early retirement program under a Prior Plan, the Plan, or any other pension
     plan sponsored by an Affiliate (a "Program"), and he is reemployed by an
     employer described in Section 4.2 after his "Qualified Retirement Date" (as
     that term is defined in the Program), then the Accredited Service with
     which he is credited under this Article IV in respect of the period
     preceding his Qualified Retirement Date shall be the Accredited Service
     with which he would have been credited pursuant to this Article IV
     excluding the provisions of the Program, as if he had terminated his
     employment on his Qualified Retirement Date but had not elected to Retire
     under the Program; provided that, upon his Retirement following his
     reemployment, the periodic amount of his Pension shall be not less than the
     periodic amount of the Pension payable in the same form to which he was
     entitled in accordance with the provisions of the Plan, including the
     provisions of the Program, when he Retired under the Program.

     4.9 Calculation of Benefits Following Bridging of Accredited Service. For
an Excluded Employee, upon Retirement or separation from service following the
bridging of a break in Accredited Service pursuant to Section 4.8, the
Employee's Pension shall be based on his Average Annual Compensation and
Accredited Service before and after the break.

     4.10 Special Vesting for Certain Divestitures. The Executive
Vice-President--Human Resources & Administration of Verizon Corporate Services
Group Inc. or his delegate, acting in a settlor capacity, is authorized to
execute a written amendment to the Plan to provide that certain Employees who
terminate employment with the Affiliates on account of a corporate transaction
shall be fully vested in their Accrued Benefits under the Plan upon such
termination of employment.

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                                                                      Article IV
                                                                         Page 33
<PAGE>

                                   ARTICLE V-A

ELIGIBILITY FOR PENSION (FOR OTHER THAN EXCLUDED EMPLOYEES)

THE PROVISIONS OF THIS ARTICLE V-A APPLY FOR PURPOSES OF DETERMINING PENSION
ELIGIBILITY FOR PARTICIPANTS, OTHER THAN EXCLUDED EMPLOYEES, WHO COMPLETE A PAID
HOUR OF SERVICE AT ANY TIME ON OR AFTER JANUARY 1, 2002. (FORMER EMPLOYEES WHO
ARE CREDITED, PURSUANT TO A SCHEDULE OR OTHER PLAN PROVISION, WITH SERVICE FOR
EMPLOYMENT AFTER 2001 WITH A COMPANY THAT IS NOT AN AFFILIATE (E.G., BALTIMORE
TECHNOLOGIES EMPLOYMENT DESCRIBED IN SCHEDULE III) SHALL NOT COMPLETE A PAID
HOUR OF SERVICE BY REASON OF SUCH CREDIT.)

     5A.1 Vested Pension. With respect to participants, other than Excluded
Employees, who complete a Paid Hour of Service at any time on or after January
1, 2002:

          (a) Eligibility for Vested Pension. Any Employee who attains Normal
     Retirement Age while employed by the Affiliates or who is credited with 5
     or more years of Vesting Service shall have the right to payment of a fully
     vested and nonforfeitable Vested Pension. The normal commencement date of
     the Vested Pension shall be the first day of the month next following the
     Employee's Normal Retirement Date, or the first day of the month following
     his termination of employment with all Affiliates, if later. However, such
     former Employee may elect, in accordance with and subject to Section 7.8,
     to have his Vested Pension commence prior to his Normal Retirement Date on
     the first day of any month following the date of his termination of
     employment.

          (b) Required Retirement. An Employee to whom this subsection (b)
     applies shall be required by the Company to terminate his employment with
     the Company on his Required Retirement Date and shall be entitled on such
     date to a fully vested and nonforfeitable Vested Pension. This subsection
     (b) shall apply to any Employee who:

               (i) is a participant in the Plan;

               (ii) has attained Normal Retirement Age (determined without
          regard to subsection (b) of the definition of Normal Retirement Age);

               (iii) for the 2-year period immediately before his Retirement
          pursuant to this Section 5A.1(b), is employed in a bona-fide executive
          or a high policymaking position; and

               (iv) is entitled to an immediate nonforfeitable annual retirement
          benefit of at least $44,000, when calculated as a straight life
          annuity with no ancillary benefits.

     Section 12(c) of ADEA and the regulations thereunder shall apply in
     determining whether the foregoing conditions are satisfied. For purposes of
     paragraph (iv), above, there shall be taken into account retirement
     benefits from pension, profit-sharing, savings, or deferred compensation
     plans, or any combination of such plans, sponsored by one or more
     Affiliates, including, without limitation, any lump sum payments from such
     plans with which it is possible to purchase a straight life annuity and the
     Employee's Accrued Benefit under this Plan. For purposes of paragraph (iv),
     above,

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                                                                     Article V-A
                                                                         Page 34
<PAGE>

     there shall not be taken into account retirement benefits derived from
     employee contributions or retirement benefits derived from rollover
     contributions from retirement arrangements not sponsored by an Affiliate.

          (c) Certain Written Agreements. Notwithstanding subsection (b), above,
     to the extent that the terms of a written agreement between an Employee and
     the Company entered into on or before March 14, 1991, expressly permit the
     Employee to remain employed by the Company after the Employee's Required
     Retirement Date, the Employee shall not be required to terminate his
     employment with the Company on the Employee's Required Retirement Date, but
     such Employee shall be required to terminate his employment with the
     Company on the earliest date, following the Employee's Required Retirement
     Date, provided for under such agreement.

          (d) Crediting of Service for Required Retirements. The requirement
     that an Employee terminate his employment with the Company in accordance
     with subsection (b) or (c), above, whichever is applicable, shall not
     deprive the Employee of any Accredited Service, Net Credited Service or
     Pension Accrual Service to which the Employee is otherwise entitled under
     the Plan, regardless of whether such service extends beyond the Employee's
     Required Retirement Date (or such later date as may apply to the Employee
     in accordance with subsection (c)).

     5A.2 Pre-Retirement Death Benefits. A Pre-Retirement Death Benefit shall be
payable to the Beneficiary of a participant (other than an Excluded Employee)
who completes a Paid Hour of Service at any time after December 31, 2001 and who
dies before his Pension Commencement Date without having in effect a valid
waiver of the Pre-Retirement Death Benefit under Section 6A.5(b), if the
participant had earned a nonforfeitable right to a Pension. No Pre-Retirement
Death Benefit shall be payable to the Beneficiary of a participant who dies
before his Pension Commencement Date either without having earned a
nonforfeitable right to a Pension or while having in effect a valid waiver of
the Pre-Retirement Death Benefit under Section 6A.5(b). Except as otherwise
provided in the Plan, whether a participant has earned a nonforfeitable right to
a Pension shall be determined in accordance with Section 5A.1(a).

     5A.3 Post-NRA Distribution.

          (a) Subject to the provisions of subsections (b), (c), and (d), below,
     each Distribution-Eligible Employee (other than an Excluded Employee) who
     completes a Paid Hour of Service after December 31, 2001 may elect to
     receive a Vested Pension commencing as of any March 1, based on the terms
     of the Plan or the Products Plan, as appropriate, and the
     Distribution-Eligible Employee's Accredited Service, Net Credited Service,
     Pension Accrual Service, Average Annual Compensation, and Cash Balance
     Account, as appropriate, as of the immediately preceding December 31;
     provided that a Distribution-Eligible Employee may receive no more than one
     Post-NRA Distribution pursuant to this Section 5A.3 and Section 5.7 (and
     any similar provision in the Products Plan).

          (b) If a Distribution-Eligible Employee receives a Post-NRA
     Distribution pursuant to this Section 5A.3, the amount of any additional
     Pension payable upon the Distribution-Eligible Employee's subsequent
     termination of employment with the Affiliates shall be determined in
     accordance with the following rules:

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                                                                     Article V-A
                                                                         Page 35
<PAGE>

               (i) Subject to paragraph (ii), below, the amount of the
          additional Pension shall be determined under the generally applicable
          provisions of the Plan (determined without regard to this Section
          5A.3).

               (ii) For purposes of paragraph (i), above, (A) the
          Distribution-Eligible Employee's Accredited Service or Pension Accrual
          Service, as applicable, shall be determined solely by reference to
          such service earned after the December 31 as of which his service is
          determined for purposes of subsection (a), above, (B) the
          Distribution-Eligible Employee's Average Annual Compensation shall be
          determined by reference to all of the Distribution-Eligible Employee's
          Monthly Compensation, regardless of whether it was paid for the period
          before or after the December 31 as of which his Average Annual
          Compensation was determined for purposes of subsection (a), above, and
          (C) the Distribution-Eligible Employee's Cash Balance Account shall be
          determined based on Pay Credits and Interest Credits made after the
          December 31 as of which his Cash Balance Account was determined for
          purposes of subsection (a), above.

          (c) A Distribution-Eligible Employee who wishes to elect a Post-NRA
     Distribution must elect such a distribution, in a form and manner
     acceptable to the Committee, during the period established by the Committee
     for this purpose from time to time in its sole discretion.

          (d) Subject to the requirements of Section 6A.5, a
     Distribution-Eligible Employee may elect to receive his distribution
     pursuant to this Section 5A.3 in either the automatic form of payment
     described in Section 6A.5 or in any of the optional forms of payment
     described in Section 6A.6; provided that in determining the amount of any
     lump-sum distribution under Section 6A.6(b)(i) for purposes of this
     subsection (d), the applicable interest rate assumption applied to
     determine the lump sum value of the Employee's benefit derived from any
     non-cash balance formula shall be based on the otherwise applicable rate
     that is effective for a Pension Commencement Date of January 1 or March 1
     of the year in which the distribution is made, whichever produces the
     larger lump-sum distribution. If a Distribution-Eligible Employee who
     receives a distribution pursuant to this Section 5A.3 subsequently becomes
     entitled to receive an additional Pension upon termination of employment
     with the Affiliates in accordance with subsection (b), above, the form of
     such additional Pension shall be governed by the generally applicable
     provisions of the Plan, as if the Distribution-Eligible Employee were then
     first Retiring.

     5A.4 Disability Pension. Any Employee (other than an Excluded Employee) who
completes a Paid Hour of Service after December 31, 2001 and who has 15 or more
years of Net Credited Service shall be entitled to a Disability Pension if he
becomes Disabled. The normal Pension Commencement Date of the Disability Pension
shall be the first day of the month next following the Employee's Normal
Retirement Date. However, the Employee may elect, in accordance with Section
7.8, to have the Disability Pension commence as of the first day of any month
preceding his Normal Retirement Date.

     5A.5 Eligibility for Retiree Medical and Welfare Benefits. To the extent
that eligibility for benefits under the Company's management retiree medical and
welfare benefits plan on or after January 1, 2002 is based on "service

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                                                                     Article V-A
                                                                         Page 36
<PAGE>

pension" eligibility, an Employee who terminates employment with all Affiliates
on or after January 1, 2002 shall be "service pension" eligible if he satisfies
one of the following:

          (a) The Employee terminates employment with all Affiliates on or after
     the date he attains Normal Retirement Age;

          (b) The Employee has at least 15 years of Net Credited Service and the
     Employee's combined years and completed months of age and years and partial
     years of Net Credited Service, as determined based on records maintained by
     the Company and its Affiliates, total 75 or more years as of the date the
     Employee terminates employment with all Affiliates.

          (c) The Employee has 15 or more years of Net Credited Service, his
     employment with all Affiliates was terminated by his employer for any
     reason other than age or cause before he attained Normal Retirement Age and
     his years and completed months of age combined with his years and partial
     years of Net Credited Service, as determined based on records maintained by
     the Company and any other Affiliates, on the date of his termination of
     employment equals at least 73.

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Restated January 1, 2002
                                                                     Article V-A
                                                                         Page 37
<PAGE>

                                    ARTICLE V

                ELIGIBILITY FOR PENSION (FOR EXCLUDED EMPLOYEES)

THE PROVISIONS OF THIS ARTICLE V APPLY FOR PURPOSES OF DETERMINING PENSION
ELIGIBILITY FOR PARTICIPANTS WHO ARE EXCLUDED EMPLOYEES.

     5.1 Normal Retirement. Any Excluded Employee who attains Normal Retirement
Age shall have the right to Retire with a fully vested and nonforfeitable
Service Pension commencing as of the first day of the month next following his
Retirement.

     5.2 Required Retirement. This Section applies to Excluded Employees:

          (a) An Employee to whom this subsection (a) applies shall be required
     by the Company to terminate his employment with the Company on his Required
     Retirement Date and shall be entitled on such date to a fully vested and
     nonforfeitable Service Pension. This subsection (a) shall apply to any
     Employee who:

               (i) is a participant in the Plan;

               (ii) has attained Normal Retirement Age (determined without
          regard to subsection (b) of the definition of Normal Retirement Age);

               (iii) for the 2-year period immediately before his Retirement
          pursuant to this Section 5.2, is employed in a bona-fide executive or
          a high policymaking position; and

               (iv) is entitled to an immediate nonforfeitable annual retirement
          benefit of at least $44,000, when calculated as a straight life
          annuity with no ancillary benefits.

     Section 12(c) of ADEA and the regulations thereunder shall apply in
     determining whether the foregoing conditions are satisfied. For purposes of
     paragraph (iv), above, there shall be taken into account retirement
     benefits from pension, profit-sharing, savings, or deferred compensation
     plans, or any combination of such plans, sponsored by one or more
     Affiliates, including, without limitation, any lump sum payments from such
     plans with which it is possible to purchase a straight life annuity and the
     Employee's Accrued Benefit under this Plan. For purposes of paragraph (iv),
     above, there shall not be taken into account retirement benefits derived
     from employee contributions or retirement benefits derived from rollover
     contributions from retirement arrangements not sponsored by an Affiliate.

          (b) Notwithstanding subsection (a), above, to the extent that the
     terms of a written agreement between an Employee and the Company entered
     into on or before March 14, 1991, expressly permit the Employee to remain
     employed by the Company after the Employee's Required Retirement Date, the
     Employee shall not be required to terminate his employment with the Company
     on the Employee's Required Retirement Date, but such Employee shall be
     required to terminate his employment with the Company on the earliest date,
     following the Employee's Required Retirement Date, provided for under such
     agreement.

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Restated January 1, 2002
                                                                       Article V
                                                                         Page 30
<PAGE>

          (c) The requirement that an Employee terminate his employment with the
     Company in accordance with subsection (a) or (b), above, whichever is
     applicable, shall not deprive the Employee of any Accredited Service to
     which the Employee is otherwise entitled under the Plan, regardless of
     whether such service extends beyond the Employee's Required Retirement Date
     (or such later date as may apply to the Employee in accordance with
     subsection (b)).

     5.3 Early Retirement. This Section applies to Excluded Employees:

          (a) An Employee whose combined age and Accredited Service (of not less
     than 15 years) total 76 or more years, may Retire before attaining Normal
     Retirement Age and shall be entitled to a Service Pension. Credit for
     fractional parts of a year, with respect to both age and Accredited Service
     in excess of 15 years, shall be recognized for each full month of age in
     excess of the Employee's full years of age and for each full week of
     Accredited Service in excess of the Employee's full years of Accredited
     Service.

          (b) Any salaried Employee with 15 or more years of Accredited Service
     whose employment is terminated by his employer for any reason other than
     age or cause before attaining Normal Retirement Age and whose employment is
     terminated either

               (i) within 24 months of the date on which his age combined with
          his years of Accredited Service on the date of his termination of
          employment would equal 76, or

               (ii) within 24 months of the date of his 55th birthday, if his
          combined age and years of Accredited Service equal or exceed 76 on the
          date of his termination of employment,

     shall be eligible to be Retired on a Service Pension computed under Section
     6.1 as of the last day of the month in which, if paragraph (i) applies, his
     age combined with his previously accrued years of Accredited Service equal
     76 or, if paragraph (ii) applies, he attains age 55. However, in no event
     shall an Employee Retiring under this subsection (b) accrue Accredited
     Service for benefit computation purposes for any period after the date of
     his termination of employment.

          (c) The normal Pension Commencement Date of the Service Pension shall
     be the first day of the month next following the Employee's Normal
     Retirement Date. However, the Employee may elect, in accordance with
     Section 7.8, to have his Service Pension commence as of the first day of
     any month following his Early Retirement Date and preceding his Normal
     Retirement Date. The Service Pension of any Employee whose Pension
     Commencement Date occurs prior to attaining age 55 shall be reduced
     pursuant to the schedule set forth in Section 6.1(b).

     5.4 Disability Retirement. Any Excluded Employee with 15 or more years of
Accredited Service shall be entitled to a Disability Pension if he becomes
Disabled and is receiving disability benefits under the Social Security Act. The
normal Pension Commencement Date of the Disability Pension shall be the first
day of the month next following the Employee's Normal Retirement Date. However,
the Employee may elect, in accordance with Section 7.8, to have his Disability
Pension commence as of the first day of

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                                                                       Article V
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<PAGE>

any month preceding his Normal Retirement Date.

     5.5 Deferred Vested Pension. Any Excluded Employee with 5 or more years of
Vesting Service whose employment with the Affiliates terminates other than by
death, but who does not qualify for a Service Pension or Disability Pension,
shall be entitled to a Deferred Vested Pension. The Pension Commencement Date of
the Deferred Vested Pension shall be determined as follows:

          (a) In general, the Pension Commencement Date shall be the first day
     of the month next following the former Employee's Normal Retirement Date.

          (b) However, if such former Employee has 15 or more years of
     Accredited Service, he may elect, in accordance with and subject to Section
     7.8, to have his Deferred Vested Pension commence prior to his Normal
     Retirement Date on the first day of any month following the date on which
     his combined Accredited Service and age equal 76 years. Credit for
     fractional parts of a year, with respect to both Accredited Service in
     excess of 15 years and age, shall be recognized for each full month of age
     in excess of the Employee's full years of age and for each full week of
     Accredited Service in excess of the Employee's full years of Accredited
     Service.

          (c) If a former Employee covered by this Section has 10 or more years
     of Accredited Service, he may elect, in accordance with and subject to
     Section 7.8, to have his Deferred Vested Pension commence prior to his
     Normal Retirement Date on the first day of any month following the date on
     which he attains age 55. The Deferred Vested Pension of any former Employee
     whose Pension Commencement Date occurs prior to his Normal Retirement Date
     shall be reduced in accordance with Section 6.3.

     5.6 Spouse's Pension. This Section applies with respect to Excluded
Employees:

          (a) A Spouse's Pension shall be payable to the Spouse of a participant
     who dies before his Pension Commencement Date without having in effect a
     valid waiver of the Spouse's Pension under Section 6.4(e) or 6A.5(b), if
     the participant:

               (i) had not terminated his employment with the Affiliates but had
          earned a nonforfeitable right to a Pension;

               (ii) had terminated his employment with the Affiliates after (A)
          attaining Normal Retirement Age, (B) meeting the age and Accredited
          Service requirements prescribed by Section 5.3, or (C) meeting the
          requirements prescribed by Section 5.4; or

               (iii) had terminated his employment with the Affiliates after
          acquiring a nonforfeitable right to a Pension but before (A) attaining
          Normal Retirement Age, (B) meeting the age and Accredited Service
          requirements prescribed by Section 5.3, or (C) meeting the
          requirements prescribed by Section 5.4.

     No Spouse's Pension shall be payable to the Spouse of a participant who
     dies before his Pension Commencement Date either without having earned a
     nonforfeitable right to a Pension or while having in effect a valid waiver
     of the Spouse's Pension under

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                                                                       Article V
                                                                         Page 40
<PAGE>

     Section 6.4(e) or 6A.5(b). Except as otherwise provided in the Plan,
     whether a participant has earned a nonforfeitable right to a Pension shall
     be determined in accordance with Section 5.5.

     5.7 Post-NRA Distribution. This Section applies to Excluded Employees:

          (a) Subject to the provisions of subsections (b), (c), and (d), below,
     each Distribution-Eligible Employee may elect to receive a Service Pension
     commencing as of any March 1, based on the terms of the Plan or the
     Products Plan, as appropriate, and the Distribution-Eligible Employee's
     Accredited Service and Average Annual Compensation as of the immediately
     preceding December 31; provided that a Distribution-Eligible Employee may
     receive no more than one Post-NRA Distribution pursuant to this Section 5.7
     and Section 5A.3 (and any similar provision in the Products Plan).

          (b) If a Distribution-Eligible Employee receives a Post-NRA
     Distribution pursuant to this Section 5.7, the amount of any additional
     Pension payable upon the Distribution-Eligible Employee's subsequent
     termination of employment with the Affiliates shall be determined in
     accordance with the following rules:

               (i) Subject to clause (ii), below, the amount of the additional
          Pension shall be determined under the generally applicable provisions
          of the Plan (determined without regard to this Section 5.7).

               (ii) For purposes of clause (i), above, (A) the
          Distribution-Eligible Employee's Accredited Service shall be
          determined solely by reference to Accredited Service earned after the
          December 31 as of which his Accredited Service is determined for
          purposes of subsection (a), above, and (B) the Distribution-Eligible
          Employee's Average Annual Compensation shall be determined by
          reference to all of the Distribution-Eligible Employee's Monthly
          Compensation, regardless of whether it was paid for the period before
          or after the December 31 as of which his Average Annual Compensation
          was determined for purposes of subsection (a), above.

          (c) A Distribution-Eligible Employee who wishes to elect a Post-NRA
     Distribution must elect such a distribution, in a form and manner
     acceptable to the Committee, during the period established by the Committee
     for this purpose from time to time in its sole discretion.

          (d) Subject to the requirements of Section 6A.5, a
     Distribution-Eligible Employee may elect to receive his distribution
     pursuant to this Section 5.7 in either the automatic form of payment
     described in Section 6A.5 or in any of the optional forms of payment
     described in Section 6A.6; provided that in determining the amount of any
     lump-sum distribution under Section 6A.6(b)(i) for purposes of this
     subsection (d), the applicable interest rate assumption shall be based on
     the otherwise applicable rate that is effective for a Pension Commencement
     Date of January 1 or March 1 of the year in which the distribution is made,
     whichever produces the larger lump-sum distribution. If a Distribution-
     Eligible Employee who receives a distribution pursuant to this Section 5.7
     subsequently becomes entitled to receive an additional Pension upon
     termination of employment with the Affiliates in accordance with subsection
     (b), above, the form of such additional Pension shall be governed by the
     generally

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                       Article V
                                                                         Page 41
<PAGE>

applicable provisions of the Plan, as if the Distribution-Eligible Employee were
then first Retiring.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                       Article V
                                                                         Page 42
<PAGE>

                                  ARTICLE VI-A

COMPUTATION OF PENSIONS (FOR OTHER THAN EXCLUDED EMPLOYEES) AND FORM OF PAYMENT

THE PROVISIONS OF THIS ARTICLE VI-A APPLY FOR PURPOSES OF COMPUTING PENSIONS FOR
PARTICIPANTS, OTHER THAN EXCLUDED EMPLOYEES, WHO COMPLETE A PAID HOUR OF SERVICE
AT ANY TIME ON OR AFTER JANUARY 1, 2002 AND FOR DETERMINING THE FORM OF PAYMENT
FOR ANY PENSION WITH A PENSION COMMENCEMENT DATE ON OR AFTER JANUARY 1, 2002.
(FORMER EMPLOYEES WHO ARE CREDITED, PURSUANT TO A SCHEDULE OR OTHER PLAN
PROVISION, WITH SERVICE FOR EMPLOYMENT AFTER 2001 WITH A COMPANY THAT IS NOT AN
AFFILIATE (E.G., BALTIMORE TECHNOLOGIES EMPLOYMENT DESCRIBED IN SCHEDULE III)
SHALL NOT COMPLETE A PAID HOUR OF SERVICE BY REASON OF SUCH CREDIT.)

     6A.1 Plan Benefit Formulas. Each Employee (other than an Excluded Employee)
who completes a Paid Hour of Service at any time on or after January 1, 2002,
shall accrue benefits under one or more benefit formulas set forth in this
Section 6A.1. Benefits under the Plan are also subject to the adjustments
described in subsection (e), below, for Other Pension Plan benefits, subsection
(f), below, for Unconverted Annuity Benefits, Section 7.3 relating to benefits
paid prior to reemployment or to suspended benefits, Article XIII relating to
transferred employees, and any other adjustments that may apply pursuant to any
other provision or Schedule of the Plan (including any adjustment for Monthly
Compensation that may be credited after the Employee's termination of employment
pursuant to subsection (b)(ii)(H) of the definition of "Monthly Compensation" in
Article II). The Employee's Accrued Benefit shall be the Pension determined
under Section 6A.2.

          (a) Cash Balance Formula. For an Employee described in this Section
     6A.1, the benefits accrued under the Plan's cash balance formula shall
     equal the Employee's Cash Balance Account, if any, accruals under which are
     determined by the increase in such Cash Balance Account from year to year.
     An Employee's Cash Balance Account shall equal the sum of (i), (ii) and
     (iii), below:

               (i) Opening Balance. The opening balance credited to the
          Employee, if any:

                    (A) As of January 1, 2002, the Cash Balance Account of a
               Former Bell Atlantic Employee shall be credited with the
               Employee's cash balance account determined as of December 31,
               2001 under the Enterprises Plan, if any, after the crediting of
               pay credits and/or interest credits for the month of December 31,
               2001;

                    (B) As of January 1, 2002, the Cash Balance Account of a
               Former GTE Employee who was actively participating in the
               Products Plan on December 31, 2001 and who is an Employee on
               January 1, 2002 shall be credited with an opening balance equal
               to the greater of (I) or (II), below:

                         (I) the product determined by multiplying the factor
                    from the Table referred to in Exhibit A based on the
                    Employee's age and Accredited Service under the Products
                    Plan, both determined in

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 43
<PAGE>

                    completed years and months as of December 31, 2001 (but
                    excluding Accredited Service that was earned before the
                    distribution date for any Employee paid an in-service
                    distribution under Section 5A.3 (or any similar provision of
                    the Products Plan) or before a prior termination of
                    employment by a rehired participant who previously received
                    a lump sum payment of his entire accrued benefit from the
                    Plan, or any Accredited Service that is credited solely for
                    Pension eligibility purposes), by the Employee's "rate of
                    annual compensation" as of December 31, 2001. For purposes
                    of this calculation, the Employee's "rate of annual
                    compensation" shall equal the sum of:

                              (a) The greater of the Employee's annual base pay
                    rate as of October 1, 2001 or as of January 1, 2002; plus

                              (b) Compensation, other than base pay (or imputed
                    base pay), taken into account from October 1, 2000 through
                    September 30, 2001 for purposes of determining the
                    Employee's Monthly Compensation under the Products Plan, but
                    excluding Senior Manager Short-Term Incentives; plus

                              (c) The Employee's bonus under the GTE Executive
                    Incentive Plan for 2000, if any;

                    provided, however, that the Employee's annual rate of
                    compensation shall not exceed $200,000.

                         (II) the actuarial equivalent of the accrued benefit
                    the Employee had earned under the Products Plan as of
                    December 31, 2001 determined using the assumptions described
                    in Exhibit A (adjusted to reflect any prior lump sum
                    distribution in accordance with the provisions of the
                    Products Plan).

                    (C) As of the date on or after January 1, 2002 that benefits
               and liabilities are transferred for the Employee from another
               cash balance plan maintained by an Affiliate pursuant to Section
               13.1 or from an Interchange Company Pension Plan pursuant to
               Section 13.3, the participant's Cash Balance Account shall be
               credited with the amount, if any, credited to his cash balance
               account under the Affiliate plan or Interchange Company Pension
               Plan as of the date of the transfer.

               (ii) Pay Credits. Pay Credits shall be added to an Employee's
          Cash Balance Account as of the end of each calendar month beginning on
          or after January 1, 2002 in which the Employee has Monthly
          Compensation. The Pay Credit for a given month equals the applicable
          Pay Credit Percentage determined under the table below multiplied by
          the Employee's Monthly Compensation for such month. For these
          purposes, an Employee's points for any month during a calendar year
          shall equal the sum of (A) the Employee's age (determined without
          regard to any years previously added to the Employee's age under the
          terms of the Plan or a Prior Plan in connection with an early
          retirement window or any other pension enhancement), as of January 1
          of such year, expressed in whole and fractional years, with any
          additional

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 44
<PAGE>

          fraction of a year calculated in days divided by 365, plus (B) the
          Employee's Net Credited Service as of January 1 of such year,
          expressed in whole and fractional years, with any additional fraction
          of a year calculated in days divided by 365, and the sum shall be
          truncated to delete less than whole points.

          --------------------------------- -------------------------
                                     Points     Pay Credit Percentage
          --------------------------------- -------------------------
                               Less than 35              4%
          --------------------------------- -------------------------
          At least 35, but not more than 49              5%
         ---------------------------------- -------------------------
          At least 50, but not more than 64              6%
          --------------------------------- -------------------------
                                 65 or more              7%
          --------------------------------- -------------------------

               (iii) Interest Credits. Interest Credits shall be added to an
          Employee's or former Employee's Cash Balance Account as of the end of
          each calendar month beginning on or after January 1, 2002 and ending
          before the Pension Commencement Date. In addition, Interest Credits
          shall be applied to Pay Credits made after the Employee's termination
          of employment and after the Pension Commencement Date, pursuant to
          subsection (b)(ii)(H) of the definition of "Monthly Compensation" in
          Article II, from the month in which the Pay Credit is made until the
          end of the last calendar month ending before the date such amounts are
          paid to the former Employee or his Beneficiary or applied to increase
          monthly payments to such individual. Except as provided under Section
          13.3(b)(ii) for a cash balance account transferred from an Interchange
          Company Pension Plan, the dollar value of Interest Credits added to an
          Employee's or former Employee's Cash Balance Account as of the end of
          a calendar month shall be equal to the product of the balance of the
          Cash Balance Account as of the end of the prior month (after adding
          Pay Credits and Interest Credits for the prior month) to the extent
          not previously paid to the Employee or his Beneficiary, times the
          Interest Credit Percentage.

          (b) Highest Average Pay Formula. An Employee who is described in this
     Section 6A.1 who is a Transition-Eligible Employee shall be eligible to
     accrue benefits under the Plan's highest average pay formula. For a
     Transition-Eligible Employee, the benefits accrued under the Plan's highest
     average pay formula shall be an annual pension payable to the Employee in
     the form of a single life annuity commencing on the first day of the month
     next following his Normal Retirement Date that is equal to the sum of (i)
     and (ii), below:

               (i) the product determined by multiplying the Employee's years of
          Pension Accrual Service for eligible service through December 31, 2007
          by 1.35 percent of his Average Annual Compensation determined as of
          the earlier of December 31, 2007 or the date the Employee terminates
          employment with all Affiliates; plus

               (ii) the product determined by multiplying the Employee's Net
          Monthly Compensation by 1.35 percent.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 45
<PAGE>

               (c) Grandfathered GTE Benefit Formula. A Former GTE Employee who
          is an Employee described in this Section 6A.1 and who had an accrued
          benefit under the terms of the Products Plan as of December 31, 2001
          (or, for an Employee whose benefits were transferred from the Verizon
          Management Pension Plan to the Plan pursuant to Section 13.1, under
          the terms of the Verizon GTE Service Corporation Plan for Employees'
          Pensions) shall be eligible for benefits under the Plan's
          grandfathered GTE benefit formula. For the Former GTE Employee, the
          benefits accrued under the Plan's grandfathered GTE benefit formula
          shall be an annual pension payable to the Employee in the form of a
          single life annuity commencing on the first day of the month next
          following his Normal Retirement Date that is equal to the sum of (i),
          (ii) and (iii), below:

                    (i) the amount determined under the formula described in
               Section 6.1 (and Section 6.3, if appropriate), as if such formula
               had been in effect through the earlier of May 31, 2004, or the
               date the Employee terminates employment with all Affiliates; plus

                    (ii) if the Employee is also a Former Bell Atlantic Employee
               due to a period of employment with a Bell Atlantic Company before
               his employment with any GTE Company, the single life annuity
               amount, if any, payable commencing on the first day of the month
               next following the Employee's Normal Retirement Date determined
               under the terms of the Enterprises Plan (or, for an Employee
               whose benefits were transferred from the Verizon Management
               Pension Plan to the Plan pursuant to Section 13.1, under the
               terms of Verizon's Bell Atlantic Cash Balance Plan) based on the
               accrued benefit derived from a non-cash balance formula that the
               Employee had earned under such plan as of December 31, 2001; plus

                    (iii) if the Employee is a Transition-Eligible Employee and
               is an Employee after May 31, 2004, the benefit calculated under
               the highest average pay formula described in subsection (b),
               above, but using only Pension Accrual Service earned for
               employment after May 31, 2004.

          (d) Grandfathered Bell Atlantic Benefit Formula. A Former Bell
     Atlantic Employee who is an Employee described in this Section 6A.1 and who
     had an accrued benefit under the terms of the Enterprises Plan as of
     December 31, 2001 (or, for an Employee whose benefits were transferred from
     the Verizon Management Pension Plan to the Plan pursuant to Section 13.1,
     under the terms of Verizon's Bell Atlantic Cash Balance Plan) shall be
     eligible for benefits under the Plan's grandfathered Bell Atlantic benefit
     formula. For the Former Bell Atlantic Employee, the benefits accrued under
     the Plan's grandfathered Bell Atlantic benefit formula shall be an annual
     pension payable to the Employee in the form of a single life annuity
     commencing on the first day of the month next following his Normal
     Retirement Date that is equal to the sum of (i), (ii) and (iii), below:

               (i) the single life annuity amount, if any, payable commencing on
          the first day of the month next following the Employee's Normal
          Retirement Date determined under the terms of the Enterprises Plan
          (or, for an Employee whose benefits were transferred from the Verizon
          Management Pension Plan to the

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 46
<PAGE>

          Plan pursuant to Section 13.1, under the terms of Verizon's Bell
          Atlantic Cash Balance Plan) based on the accrued benefit derived from
          a non-cash balance formula that the Employee had earned under such
          plan as of December 31, 2001 and determined, in the case of a
          participant who is an Employee on January 1, 2002, as if any service
          bridging waiting period that the Employee was in the process of
          completing on December 31, 2001 had been completed; plus

               (ii) if the Employee is also a Former GTE Employee due to a
          period of employment with a GTE Company before his employment with any
          Bell Atlantic Company, the single life annuity amount, if any, payable
          commencing on the first day of the month next following the Employee's
          Normal Retirement Date determined under the terms of the Products Plan
          (or, for an Employee whose benefits were transferred from the Verizon
          Management Pension Plan to the Plan pursuant to Section 13.1, under
          the terms of the Verizon GTE Service Corporation Plan for Employees'
          Pensions) as in effect on the date prior to January 1, 2002 that the
          Employee's accruals under the Plan ceased; plus

               (iii) if the Employee is a Transition-Eligible Employee, the
          benefit calculated under the highest average pay formula described in
          subsection (b), above, but using only Pension Accrual Service earned
          for employment after December 31, 2001.

          (e) Offsets for Benefits Under Other Pension Plans. The amounts
     determined under subsections (a) through (d), above, shall be reduced by:

               (i) the amount (if any) payable from any Other Pension Plan; and

               (ii) the amount required to be paid by the Company or another
          Affiliate pursuant to any foreign law or regulation on account of
          termination or separation from employment, expressed in United States
          currency.

     For purposes of paragraph (i), above, the amount (if any) payable from any
     Other Pension Plan shall be the amount of a benefit payable in the form of
     a single life annuity (or other form of payment elected under the Plan)
     commencing on the participant's or Beneficiary's actual or assumed Pension
     Commencement Date that is the actuarial equivalent of the same or similar
     benefit payable commencing on the same date under the Other Pension Plan.
     For this purpose, actuarial equivalence shall be determined based on an
     interest rate of 7 percent per annum and the TPF&C 1971 Forecast Mortality
     Table for Males (with ages set back 2 years in the case of Employees and 4
     years in the case of Spouses and Beneficiaries), except that the actuarial
     assumptions described in Attachment 1 to Exhibit A shall be applied in the
     event payment of Plan benefits is to be made in the form of a lump sum. The
     reduction required pursuant to paragraph (ii) above shall be applied
     directly against the amounts otherwise payable under the Plan; and in the
     case of a participant whose Pension Commencement Date occurs after the date
     of any payment described in paragraph (ii), the amount of the reduction
     shall be adjusted to an amount equal to the amount of the payment described
     in paragraph (ii), compounded at an interest rate of 7% per annum from the
     time of payment until such amount has been completely offset against the
     participant's pension payments.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 47
<PAGE>

          (f) Unconverted Annuity Benefits. In the event an Employee described
     in this Section 6A.1 has an Unconverted Annuity Benefit under the Plan, the
     Employee's benefit derived from such Unconverted Annuity Benefit shall
     equal such Unconverted Annuity Benefit expressed in the form of a single
     life annuity commencing on the first day of the month next following his
     Normal Retirement Date, as determined under the terms of the Plan under
     which such benefit was accrued, as in effect on the last day of the
     Employee's active participation in such plan. An Employee's Unconverted
     Annuity Benefit shall be combined with his cash balance formula benefit for
     purposes of calculating benefits payable to the Employee from the Plan.

     6A.2 Vested Pension at Pension Commencement Date. For a former Employee
(other than an Excluded Employee) who completes a Paid Hour of Service at any
time on or after January 1, 2002, subject to the adjustments described in
Section 7.3 relating to benefits paid prior to reemployment or to suspended
benefits, Article XIII relating to transferred employees, and any other
adjustments that may apply pursuant to any other provision or Schedule of the
Plan (including any adjustment for Monthly Compensation that may be credited
after the former Employee's termination of employment pursuant to subsection
(b)(ii)(H) of the definition of "Monthly Compensation" in Article II), the
annual Vested Pension payable to the former Employee in the form of a single
life annuity commencing on the Employee's Pension Commencement Date shall equal
the greatest of the amounts determined under subsections (a) through (d), below,
as applicable to the former Employee:

          (a) Cash Balance Formula Benefit Plus Unconverted Annuity Benefit. The
     sum of (i) the former Employee's Cash Balance Account, if any, as of the
     Pension Commencement Date, converted, using the assumptions described in
     Attachment 2 to Exhibit A, to an actuarially equivalent single life annuity
     benefit payable commencing on the former Employee's Pension Commencement
     Date, and reduced as described in Section 6A.1(e), plus (ii) the former
     Employee's benefit derived from his Unconverted Annuity Benefit described
     in Section 6A.1(f), if any, reduced for early commencement under the terms
     of the plan under which such benefit was accrued, as in effect on the last
     day of the Employee's active participation in such plan, but subject to any
     adjustment more favorable to the Employee as may be provided in Exhibit A
     for a deferred vested pension;

          (b) Highest Average Pay Formula Benefit. The former Employee's benefit
     amount determined under Section 6A.1(b), if any, determined after the
     reduction described in Section 6A.1(e), and multiplied by the appropriate
     factor determined under (i), (ii), or (iii), below, if the former
     Employee's Pension Commencement Date occurs before the first day of the
     month next following the former Employee's Normal Retirement Date:

               (i) Rule of 75. If the former Employee has at least 15 years of
          Net Credited Service, and the Employee's combined years and completed
          months of age and years and partial years of Net Credited Service, as
          determined based on records maintained by the Company and any other
          Affiliates, total 75 or more years as of the date the Employee
          terminates employment with all Affiliates ("rule of 75"), the
          appropriate factor shall be determined from the table below:

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 48
<PAGE>

          ===================================== ===================
          Pension Commencing At Age                  Percentage

          ------------------------------------- -------------------
                 55 and over                           100%
          ------------------------------------- -------------------
                      54                               97%
          ------------------------------------- -------------------
                      53                               94%
          ------------------------------------- -------------------
                      52                               91%
          ------------------------------------- -------------------
                      51                               88%
          ------------------------------------- -------------------
                      50                               85%
          ------------------------------------- -------------------
                 49 and under                          82%
          ===================================== ===================

          In the case of a fractional part of a year, the above percentages
          shall be adjusted at the rate of 1/4 of 1 percent (0.25%) for each
          full month by which the Pension Commencement Date follows the first
          day of the month after the attainment of age 49 through age 54. For
          the purpose of this calculation, the Pension Commencement Date shall
          be deemed to occur not earlier than the first day of the month
          following the Employee's 49th birthday.

               (ii) Rule of 73. If the former Employee has 15 or more years of
          Net Credited Service, his employment with all Affiliates was
          terminated by his employer for any reason other than age or cause
          before he attained Normal Retirement Age, his years and completed
          months of age combined with his years and partial years of Net
          Credited Service, as determined based on records maintained by the
          Company and any other Affiliates, on the date of his termination of
          employment equals at least 73 ("rule of 73"), and his Pension
          Commencement Date occurs as of the first day of the month following
          the month in which his age combined with his previously accrued years
          of Net Credited Service equal 75, the appropriate factor shall be
          determined from the table in (i), above. If the Employee's Pension
          Commencement Date should occur on a date earlier than the date
          described in the preceding sentence, an additional reduction of 0.6%
          per month shall be applied for each month the Pension Commencement
          Date occurs before the date described in the preceding sentence.

               (iii) Deferred Vested Reductions. If the former Employee is not
          described in paragraph (i) or (ii) of this Section 6A.2(b), the
          appropriate factor shall be determined from the Table referred to in
          Exhibit A.

          (c) Grandfathered GTE Benefit. The sum, after the reduction described
     in Section 6A.1(e), of (i) the aggregate of the benefit amounts described
     under Section 6A.1(c)(i) and (iii), if any, multiplied by the appropriate
     factor determined under Section 6A.2(b)(i) through (iii), above, if the
     former Employee's Pension Commencement Date occurs before the first day of
     the month next following the former Employee's Normal Retirement Date, plus
     (ii) the benefit amount described in Section 6A.1(c)(ii), if any, adjusted
     for early commencement, if appropriate, as prescribed by the terms of the
     Enterprises Plan (or Verizon's Bell Atlantic Cash Balance Plan, if
     applicable) as in effect on December 31, 2001, except that the unreduced
     pension age for the modified former pension formula service pension shall
     be age 59 for a qualifying Employee, even if the Employee terminates
     employment with the Affiliates after 2001, and such adjustment shall be
     subject to any adjustment more favorable to the Employee, as may be
     provided in Exhibit A for a deferred vested pension.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 59
<PAGE>

          (d) Grandfathered Bell Atlantic Benefit. The sum, after the adjustment
     described in Section 6A.1(e), of:

               (i) the benefit amount described under Section 6A.1(d)(i), if
          any, adjusted for early commencement, if appropriate, as prescribed by
          the terms of the Enterprises Plan (or Verizon's Bell Atlantic Cash
          Balance Plan, if applicable) as in effect on December 31, 2001, except
          that the unreduced pension age for the modified former pension formula
          service pension shall be age 59 for a qualifying Employee, even if the
          Employee terminates employment with the Affiliates after 2001, and
          such adjustment shall be subject to any adjustment more favorable to
          the Employee as may be provided in Exhibit A for a deferred vested
          pension; and

               (ii) the aggregate of the benefit amounts described under Section
          6A.1(d)(ii) and (iii), if any, multiplied by the appropriate factor
          determined under Section 6A.2(b)(i) through (iii), above, if the
          former Employee's Pension Commencement Date occurs before the first
          day of the month next following the former Employee's Normal
          Retirement Date.

     6A.3 Disability Pension. Subject to the adjustments described in Section
7.3 relating to benefits paid prior to reemployment, Article XIII relating to
transferred employees, and any other adjustments that may apply pursuant to any
other provision or Schedule of the Plan (including any adjustment for Monthly
Compensation that may be credited after the former Employee's termination of
employment pursuant to subsection (b)(ii)(H) of the definition of "Monthly
Compensation" in Article II), the annual Disability Pension payable to a Retired
Employee (other than an Excluded Employee) who completes a Paid Hour of Service
at any time on or after January 1, 2002, in the form of a single life annuity
commencing on his Pension Commencement Date, shall equal the greatest of:

          (a) Cash Balance Benefit Plus Unconverted Annuity Benefit. The amount
     described for the Employee in Section 6A.2(a);

          (b) Highest Average Pay Formula Benefit. The amount described for the
     Employee in Section 6A.2(b), if any, with no reduction for early
     commencement;

          (c) Grandfathered GTE Benefit. The amount described for the Employee
     in Section 6A.2(c), if any, with no reduction for early commencement for
     the amounts described in Section 6A.2(c)(i); or

          (d) Grandfathered Bell Atlantic Benefit. The amount described for the
     Employee in Section 6A.2(d), if any, with no reduction for early
     commencement for the amounts described in Section 6A.2(d)(ii).

     6A.4 Pre-Retirement Death Benefits. The following provisions apply with
respect to an Employee (other than an Excluded Employee) who completes a Paid
Hour of Service at any time on or after January 1, 2002. The Pre-Retirement
Death Benefit payable to a Beneficiary who qualifies for a Pre-Retirement Death
Benefit under Section 5A.2 shall be determined as follows:

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 50
<PAGE>

          (a) Amount of Pre-Retirement Death Benefit. Subject to the adjustments
     described in Section 7.3 relating to benefits paid prior to reemployment or
     to suspended benefits, Article XIII relating to transferred employees, and
     any other adjustments that may apply pursuant to any other provision or
     Schedule of the Plan (including any adjustment for Monthly Compensation
     that may be credited after the former Employee's termination of employment
     pursuant to subsection (b)(ii)(H) of the definition of "Monthly
     Compensation" in Article II), the amount of the Pre-Retirement Death
     Benefit payable to the Beneficiary shall equal the greater of:

               (i) the actuarial equivalent of the balance of the participant's
          Cash Balance Account plus the actuarial equivalent of the
          participant's Unconverted Annuity Benefit, if any, payable on the
          Beneficiary's Pension Commencement Date, both expressed in the form of
          payment applicable to the Beneficiary under subsection (c), as
          determined using the Tables or other factors referenced in Exhibit A;
          or

               (ii) based on the greatest of the benefits described in Sections
          6A.2(b), (c) or (d), as applicable, the actuarial equivalent in the
          form of payment applicable to the Beneficiary under subsection (c),
          below, determined using the Tables or other factors referenced in
          Exhibit A, of the survivor annuity benefit that would have been
          payable to the Beneficiary under the 50% Joint-Survivor Pension
          (Qualified Joint and Survivor Annuity, if the Spouse is the only
          Beneficiary) if the participant had:

                    (A) terminated employment with the Affiliates on the date of
               his death (or, if earlier, on the date of his actual termination
               of employment with the Affiliates);

                    (B) elected as his Pension Commencement Date for a benefit
               in the form of a 50% Joint-Survivor Pension (or a Qualified Joint
               and Survivor Annuity) the commencement date applicable to the
               Beneficiary in accordance with subsection (d); and

                    (C) died on the Pension Commencement Date;

          provided, however, that no early commencement reduction shall be
          applied in determining the survivor annuity payable to a Spouse
          Beneficiary of an Employee who dies before his Normal Retirement Date,
          while in the service of a Control Group Affiliate (including a period
          of service described in Section 4A.1(d)).

     If the Beneficiary of a Pre-Retirement Death Benefit is one individual, the
     Beneficiary's age in years and completed months shall be used to determine
     the amount of the Pre-Retirement Death Benefit. If there is more than one
     Beneficiary, the age of the oldest Beneficiary shall be used to determine
     the amount of the Pre-Retirement Death Benefit. If the Beneficiary is not
     an individual, the Beneficiary will be assumed to be the same age as the
     participant.

          (b) Notice to Participants and Beneficiary Designations. A participant
     may designate one or more Beneficiaries (natural or otherwise) to receive
     any Pre-Retirement Death Benefit that may be payable in the event of his
     death, as described below:

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 51
<PAGE>

               (i) The Plan shall deliver, to each participant:

                         (A) a general description of the Pre-Retirement Death
                    Benefit that may be payable in the event of the
                    participant's death before his Pension Commencement Date;

                         (B) notice of the participant's right to designate a
                    Beneficiary, and the right to revoke a prior designation;
                    and

                         (C) a general explanation of the rights of the
                    participant's Spouse.

          The foregoing information shall be delivered in a manner which will
          reasonably assure that it will be received: (I) as soon as practicable
          after an individual becomes a participant; and also (II) within the
          period beginning with the first day of the Plan Year in which the
          participant reaches age 32 and ending with the close of the Plan Year
          in which the participant reaches age 35. In the case of a participant
          who accrues a nonforfeitable interest in his Accrued Benefit,
          terminates employment with all Affiliates before he reaches age 35,
          and does not promptly receive a distribution of his entire Accrued
          Benefit in a lump sum, the Plan shall deliver to the participant the
          said information within the two-year period beginning one year before
          the participant's termination of employment with all Affiliates and
          ending one year after such date, with respect to benefits accrued
          before termination of employment. The Committee shall also provide
          each participant eligible to waive Pre-Retirement Death Benefit
          coverage pursuant to Section 6A.5(b) with the written explanation
          described in this paragraph (i). The Committee shall provide such
          written explanation at the same time as it provides the written
          explanation described in Section 6A.5(e).

               (ii) A participant who is unmarried may, at any time before the
          earlier of his death or Pension Commencement Date designate one or
          more Beneficiaries for the Pre-Retirement Death Benefit in the form
          and manner prescribed by the Committee. If the participant is
          unmarried on the date of his death and has no valid Beneficiary
          designation in effect, the Pre-Retirement Death Benefit shall be
          payable to the participant's estate.

               (iii) For a participant who is married, in the absence of any
          action to designate a Beneficiary, the participant's Spouse as of the
          date of his death shall be the sole Beneficiary of any Pre-Retirement
          Death Benefit that may become payable under the Plan. A participant
          may waive his Spouse's eligibility for the Pre-Retirement Death
          Benefit and may designate one or more alternate Beneficiaries at any
          time after he becomes married and before the earlier of his death or
          Pension Commencement Date, as described below:

                    (A) Any election to waive the Spouse's eligibility for the
               Pre-Retirement Death Benefit shall not take effect unless (I) the
               Spouse consents irrevocably to such election, (II) the Spouse's
               consent acknowledges the designation of one or more other
               Beneficiaries, and

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               (III) the Spouse's consent is witnessed by a notary public or
               authorized plan representative. Any consent of a Spouse shall be
               valid only with respect to the Spouse who signs the consent, and
               the designated Beneficiary(ies) acknowledged by the Spouse. Any
               subsequent change of Beneficiary designation will require a new
               spousal consent. The requirements of this paragraph (A) may be
               waived if it is established to the satisfaction of the Committee
               that the consent cannot be obtained because there is no Spouse,
               or because the Spouse cannot be located, or because of such other
               circumstances as may be prescribed by applicable regulations, in
               which case a Beneficiary designation may be delivered without a
               spousal consent and will be deemed to be a valid election.

                    (B) Any election to waive the Spouse's eligibility for the
               Pre-Retirement Death Benefit may be revoked by the participant,
               without the consent of the Spouse, at any time before his death
               or Pension Commencement Date in the form and manner prescribed by
               the Committee. Any actual or constructive election which purports
               to make a Spouse eligible for the Pre-Retirement Death Benefit
               will automatically be revoked, and the Spouse shall cease to be
               eligible to receive the Pre-Retirement Death Benefit, if and when
               that Spouse is divorced from the participant, except to the
               extent ordered to the contrary by a Qualified Domestic Relations
               Order. However, if the participant subsequently remarries, the
               new Spouse will automatically be treated as the sole designated
               Beneficiary for the Pre-Retirement Death Benefit unless and until
               a waiver and designation of an alternate beneficiary are
               thereafter delivered in accordance with the terms of the Plan.

                    (C) Notwithstanding anything in this paragraph (iii) to the
               contrary, if a participant waives his Spouse's eligibility for
               the Pre-Retirement Death Benefit and/or designates one or more
               persons other than the Spouse as Beneficiary for the
               Pre-Retirement Death Benefit before January 1st of the Plan Year
               in which the participant is to reach age 35, such waiver and/or
               designation shall become invalid on said January 1st. After such
               date, the participant, with the consent of his Spouse, may make a
               new waiver and election in accordance with paragraphs (A) and
               (B), above. If no new waiver is delivered after such January 1st,
               the participant's Spouse shall be the sole person eligible to
               receive any Pre-Retirement Death Benefit which may thereafter
               become payable.

          (c) Form of Payment. If the participant's Beneficiary is his Spouse,
     such Spouse may elect to receive the Pre-Retirement Death Benefit either in
     the form of a single life annuity or in the form of a lump sum. If the
     Beneficiary is an individual other than the participant's Spouse, the
     participant's estate, two or more designated Beneficiaries or a trust, the
     Pre-Retirement Death Benefit shall be payable solely in the form of a lump
     sum (partitioned in equal fractions, in the case of multiple designated
     Beneficiaries). An election by a Spouse to receive a lump sum must be made
     within 90 days before the Pension Commencement Date.

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                                                                    Article VI-A
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<PAGE>

          (d) Pre-Retirement Death Benefit Commencement Date. The Pension
     Commencement Date for the Pre-Retirement Death Benefit shall be the latest
     to occur of:

               (i) the first day following the participant's death;

               (ii) the date on which the Committee receives an application for
          the benefit, in the form and manner prescribed by the Committee, from
          all surviving designated Beneficiaries; or

               (iii) if the Spouse is the only Beneficiary, the deferred Pension
          Commencement Date elected by the Spouse, provided that the Spouse may
          not defer commencement to a date later than the first day of the month
          next following the participant's Normal Retirement Date.

     If the Spouse is not the sole Beneficiary, payment of the Pre-Retirement
     Death Benefit must occur as soon as administratively practicable following
     the participant's death.

          (e) Pre-Retirement Death Benefit Not Payable if Waived. No
     Pre-Retirement Death Benefit shall be payable to the Beneficiary of a
     participant who dies before his Pension Commencement Date either without
     having earned a nonforfeitable right to a Pension or while having in effect
     a valid waiver of the Pre-Retirement Death Benefit under Section 6A.5(b).

     6A.5 Automatic Forms of Payment.

          (a) Automatic Form. Unless he elects another form of payment in
     accordance with the provisions of this Section 6A.5:

               (i) a participant who is married on his Pension Commencement Date
          shall receive his Pension in the form of a Qualified Joint and
          Survivor Annuity, and

               (ii) a participant who is not married on his Pension Commencement
          Date shall receive his Pension in the form of a single life annuity.

          (b) Waiver of Automatic Form. A participant may elect to waive the
     default form of Pension otherwise payable to him under subsection (a),
     above, and to receive his Pension in another form of benefit pursuant to
     the following terms and conditions:

               (i) The Qualified Joint and Survivor Annuity payable by default
          under subsection (a)(i), above, shall be a Joint-Survivor Pension
          under which a 50-percent survivor annuity is payable to the
          participant's Spouse as Beneficiary. A participant who is married on
          his Pension Commencement Date may elect to waive the default Qualified
          Joint and Survivor Annuity in favor of an alternative form of
          Qualified Joint and Survivor Annuity, which shall be a Joint-Survivor
          Pension under which either a 66-2/3 percent or a 100-percent survivor
          annuity is payable to the participant's Spouse as Beneficiary. In
          addition, a participant who is married on his Pension Commencement
          Date may elect to waive the default Qualified Joint and Survivor
          Annuity in favor of a single life annuity or any optional form of
          benefit described in Section 6A.6.

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                                                                    Article VI-A
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<PAGE>

               (ii) A participant who is not married on his Pension Commencement
          Date may elect to waive the single life annuity payable by default
          under subsection (a)(ii), above, in favor of any optional form of
          benefit described in Section 6A.6.

               (iii) A participant who makes an election under this subsection
          (b) shall designate the alternative form of benefit in which he wishes
          to receive his Pension. Any election of a Joint-Survivor Pension or a
          Pop-Up Annuity must be accompanied by proof of the Beneficiary's age
          satisfactory to the Committee.

               (iv) During the 90-day period that ends on his Pension
          Commencement Date, a married participant who elects to receive his
          Pension in any form other than a Qualified Joint and Survivor Annuity
          also may waive the Spouse's Pension or Pre-Retirement Death Benefit,
          which would be provided pursuant to Section 5.6 or 5A.2, as
          applicable, if the participant's death were to occur after termination
          of employment and before his Pension Commencement Date. In no event
          may the participant waive the Spouse's Pension benefit or
          Pre-Retirement Death Benefit, that would be provided pursuant to
          Section 5.6 or 5A.2, as applicable, if the participant's death were to
          occur on or before the date of termination of employment, and, in the
          event of the participant's death before termination of employment, the
          only benefit payable with respect to such participant shall be the
          Spouse's Pension or Pre-Retirement Death Benefit described in Section
          5.6 or 5A.2, as applicable. The waiver of such Spouse's Pension
          coverage or Pre-Retirement Death Benefit coverage pursuant to this
          paragraph (iv) shall be subject to the terms and conditions in Section
          6.4(d)(i) through (iv) or Section 6A.4(b)(i) through (iii), as
          applicable, and shall be effective for the period beginning on the
          later of (A) the day after the participant's final day of employment
          with the Affiliates or (B) the date on which the Committee receives
          the participant's waiver, and ending on the earlier of (x) the
          participant's Pension Commencement Date, or (y) the date on which the
          waiver is revoked. This provision shall apply only to a Former GTE
          Employee and only if such waiver is effective before May 31, 2004.

               (v) A married participant who elects to receive his Pension in
          any form of Qualified Joint and Survivor Annuity shall not be entitled
          to waive the Spouse's Pension coverage or Pre-Retirement Death Benefit
          coverage for which he otherwise is eligible at any time during the
          90-day period that ends on his Pension Commencement Date.

               (vi) Any waiver of Spouse's Pension coverage previously in effect
          with respect to a participant shall be revoked automatically at the
          beginning of the 90-day period that ends on his Pension Commencement
          Date, unless the participant elects to receive his Pension in a form
          other than a Qualified Joint and Survivor Annuity.

          (c) Revoking Waiver of Automatic Form. An election under subsection
     (b), above, may be revoked either automatically in the circumstances
     described in subsection (f), below, or by filing a written revocation with
     the Committee in a form and in a manner acceptable to the Committee. After
     any such revocation, a new

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                                                                    Article VI-A
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<PAGE>

     election under subsection (b), above, may be made at any time before the
     participant's Pension Commencement Date (or during such other period
     permitted or required by law). However, except as provided in Section 7.3
     or as the Committee may otherwise provide on the basis of uniform and
     nondiscriminatory rules, any election under subsection (b), above, shall be
     irrevocable after the participant's Pension Commencement Date.

          (d) Conditions for Elections. An election or revocation of an election
     under subsections (b) and (c), above, shall be subject to the following
     terms and conditions:

               (i) Any election or revocation shall be made within the 90-day
          period ending on the participant's Pension Commencement Date (or
          during such other period permitted or required by law) by giving
          written notice in such form and manner as may be required by the
          Committee.

               (ii) If a participant who is married on his Pension Commencement
          Date elects to receive his Pension in any form other than a Qualified
          Joint and Survivor Annuity, the election shall be ineffective unless
          the participant's Spouse consents in writing to the election, the
          consent acknowledges the effect of the election, and the consent is
          witnessed by a notary public or authorized plan representative. The
          Spouse's consent must acknowledge the effect of the form of benefit
          that the participant has elected, as well as the effect of any
          Beneficiary or Beneficiaries (including any class of Beneficiaries and
          any contingent Beneficiaries) that the participant has designated. Any
          consent by a Spouse shall be irrevocable unless the participant agrees
          to a revocation.

               (iii) Subsection (d)(ii), above, shall not apply if the Committee
          determines that the consent required therein cannot be obtained
          because there is no Spouse, because the Spouse cannot be located, or
          because of any other circumstances that are specified by regulation,
          revenue ruling, notice, or other guidance of general applicability
          issued by the Department of the Treasury.

               (iv) Any consent by a Spouse pursuant to subsection (d)(ii),
          above, shall be effective only with respect to that Spouse. Similarly,
          any establishment that the consent of a Spouse cannot be obtained for
          any of the reasons described in subsection (d)(iii), above, shall be
          effective only with respect to that Spouse.

               (v) Any consent by a Spouse pursuant to subsection (d)(ii),
          above, shall be effective only as long as the participant makes no
          change in the designated Beneficiary or class of Beneficiaries.

          (e) Notices to Participants. The Committee shall provide to each
     participant, not less than 30 days nor more than 90 days before his Pension
     Commencement Date (or during such other period permitted or required by
     law), a written explanation of:

               (i) The material features and relative financial values of the
          forms of benefit, to which the participant is entitled, or that he
          could elect to receive, under the Plan;

               (ii) In the case of a married participant, his right to elect to
          waive, the

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                                                                    Article VI-A
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<PAGE>

          effect of his electing to waive, and the requirements (including any
          spousal consent requirements) applicable to his electing to waive, the
          Qualified Joint and Survivor Annuity payable by default under
          subsection (a)(i), above, in favor of any other form of payment to
          which he is otherwise entitled under the Plan;

               (iii) In the case of a participant other than a married
          participant, his right to elect to receive, and the effect of his
          electing to receive, any other form of benefit to which he is entitled
          under the Plan in lieu of the single life annuity specified in
          subsection (a)(ii), above;

               (iv) In the case of a participant who is entitled to elect
          commencement of a form of payment before his Normal Retirement Date,
          his right not to elect such early commencement; and

               (v) The terms and conditions (if any) under which an election by
          a participant, or a consent by the Spouse of a married participant,
          may be revoked, and the effect of such revocation.

     Notwithstanding the foregoing, no notice pursuant to this subsection (e)
     shall be required in the case of a participant who is required to receive
     his Pension in the form of a lump sum payment pursuant to Section 7.6. In
     addition, a participant's Pension Commencement Date may be less than 30
     days after the foregoing information is received by the participant if:

                    (A) the participant is given notice of his right to a 30-day
               election period in which to consider whether (I) to waive the
               automatic form of payment and elect an optional form, and (II) to
               the extent applicable, consent to the distribution;

                    (B) the participant affirmatively elects a distribution and
               form of payment and the Spouse, if necessary, consents to the
               form of payment elected;

                    (C) the participant is permitted to revoke his affirmative
               election at any time prior to the Pension Commencement Date or,
               if later, the expiration of a 7-day period beginning on the day
               after the explanation described in this Section is provided to
               the participant; and

                    (D) distribution to the participant does not commence before
               the expiration of the 7-day period described in (C), above.

          (f) Death of Participant or Beneficiary.

               (i) If the designated Beneficiary with respect to a
          Joint-Survivor Pension or a Pop-Up Annuity dies before the
          participant's Pension Commencement Date, the election (including, if
          applicable, any election pursuant to subsection (b), above, to waive
          Spouse's Pension or Pre-Retirement Death Benefit coverage) shall be
          void, and the participant shall be deemed not to have previously
          elected a Joint-Survivor Pension or Pop-Up Annuity. If the designated
          Beneficiary with respect to a Joint-Survivor Pension dies before the

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                                                                    Article VI-A
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<PAGE>

          participant, but after the Pension Commencement Date, the amount of
          the Pension thereafter payable to the participant shall not be
          affected in any way as a result thereof. If the designated Beneficiary
          with respect to a Pop-Up Annuity dies before the participant, but
          after the Pension Commencement Date, the amount of the Pension
          thereafter payable to the participant shall be adjusted as described
          in Section 6A.6(d).

               (ii) If a participant whose pre-retirement death benefit is
          determined under Section 6.4 dies before his Pension Commencement Date
          without having made a valid election of an optional form of payment
          described in Section 6A.6, no individual shall have a right to any
          payment under the Plan with respect to the participant, unless the
          participant is survived by a Spouse who is entitled to a Spouse's
          Pension.

               (iii) If a participant dies before his Pension Commencement Date
          after terminating employment with the Affiliates and after having made
          (and not revoked) a valid election of a Joint-Survivor Pension (and
          after having made (and not revoked) a valid waiver of the Spouse's
          Pension or the Pre-Retirement Death Benefit, whichever applies),
          leaving the designated Beneficiary with respect to the Joint-Survivor
          Pension surviving him, the Beneficiary shall be eligible to receive
          the survivor annuity payable under such Joint-Survivor Pension as if
          the Employee had died on the day following his Pension Commencement
          Date. This provision shall apply only to a Former GTE Employee and
          only if the waiver is effective before May 31, 2004.

               (iv) If a participant dies before his Pension Commencement Date
          after terminating employment with the Affiliates and after having made
          (and not revoked) a valid election of a lump sum distribution
          described in Section 6A.6(b) (and after having made (and not revoked)
          a valid waiver of the Spouse's Pension or the Pre-Retirement Death
          Benefit, whichever applies), the lump sum distribution shall be paid
          to the participant's designated Beneficiary (or, if the participant
          has not designated a Beneficiary, or if none of his designated
          Beneficiaries survives him, the lump sum distribution shall be paid to
          the executor of the participant's will or the administrator of his
          estate). This provision shall apply only to a Former GTE Employee and
          only if the waiver is effective before May 31, 2004.

               (v) If a participant dies before his Pension Commencement Date
          after terminating employment with the Affiliates and after having made
          (and not revoked) a valid election of a Five-Year Certain and Life
          Annuity Option described in Section 6A.6(c) (and after having made
          (and not revoked) a valid waiver of the Spouse's Pension or the
          Pre-Retirement Death Benefit, whichever applies), the participant's
          designated Beneficiary shall be eligible to receive the five-year
          certain payments pursuant to such option as if the Employee had died
          on the day following his Pension Commencement Date (or, if the
          participant has not designated a Beneficiary, or if none of his
          designated Beneficiaries survives him, the five-year certain payments
          pursuant to such option shall be paid to the executor of his will or
          the administrator of his estate). This provision shall apply only to a
          Former GTE Employee and only if the waiver is effective before May 31,
          2004.

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                                                                    Article VI-A
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<PAGE>

               (vi) If a participant dies on or after his Pension Commencement
          Date, any distribution that was scheduled to be paid to him on or
          before his date of death but that was not paid to him on or before his
          date of death due to administrative or other delay shall be paid
          instead to the executor of his will or the administrator of his
          estate.

          (g) Applicability. This Section 6A.5 shall apply to any participant
     who completed at least one Hour of Service with an Affiliate on or after
     August 23, 1984 and whose Pension Commencement Date occurs on or after
     January 1, 2002.

          (h) Transition Rules. Notwithstanding subsection (g), above, if

               (i) a participant completed at least one Hour of Service under a
          predecessor to the Plan (from which assets were transferred directly
          to the Plan) on or after September 2, 1974,

               (ii) section 401(a)(11) of the Code, as in effect on August 22,
          1984, would not otherwise apply to the participant,

               (iii) Section 6.4, 6A.4 or 6A.5 does not otherwise apply to the
          participant, and

               (iv) as of August 23, 1984, the participant was alive and had not
          reached his Pension Commencement Date,

     unless the participant declines the annuity in writing, any Pension payable
     to or on behalf of the participant shall be paid as a joint and survivor
     annuity, within the meaning of section 401(a)(11) of the Code (as in effect
     on August 22, 1984), with a 50-percent survivor annuity, for the benefit of
     the participant and his Spouse (if any); provided, that this subsection (h)
     shall not apply to the extent that equivalent benefits would otherwise be
     provided by the Plan.

     6A.6 Optional Forms of Payment.

          (a) Joint-Survivor Pension.

               (i) A Retired Employee shall be eligible to elect to receive
          benefits in the form of a Joint-Survivor Pension that is actuarially
          equivalent to the Plan's single life annuity. Under the Joint-Survivor
          Pension, a reduced amount shall be payable to the Retired Employee for
          his lifetime. The Beneficiary, if surviving at the Retired Employee's
          death, shall be entitled to receive thereafter a lifetime survivor
          benefit in an amount equal to 100 percent, 66-2/3 percent, 50 percent,
          or 33-1/3 percent, as elected by the Employee, of the reduced amount
          that had been payable to the Retired Employee.

               (ii) The reduced amount payable to the Retired Employee shall be
          determined as prescribed by Section 6.1, 6.2, 6.3, 6A.2 or 6A.3 as the
          case may be, except that the amount obtained shall be multiplied by
          the appropriate actuarial factor in the Table referred to in Exhibit
          A. The appropriate actuarial factor shall be determined for any
          Employee and his Beneficiary as of the Employee's Pension Commencement
          Date.

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                                                                    Article VI-A
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<PAGE>

               (iii) If an Employee designates any individual other than his
          Spouse as his Beneficiary, the 100% Joint-Survivor Pension will only
          be available if the designated Beneficiary is not more than 10 years
          younger than the Employee and the 66-2/3% Joint-Survivor Pension will
          only be available if the designated Beneficiary is not more than 24
          years younger than the Employee.

          (b) Lump Sum Distribution Option.

               (i) Except as provided otherwise in a Schedule, any Retired
          Employee who will qualify for a Pension under Section 5.1, 5.2, 5.3,
          5.5 or 5A.1 may elect to receive his Pension in the form of a lump sum
          distribution. The amount of any such lump sum distribution shall be
          determined as described in Exhibit A.

               (ii) Except as provided otherwise in a Schedule, any Retired
          Employee who will qualify for a Disability Pension under Section 5.4
          or 5A.4 may elect to receive his Disability Pension in the form of a
          lump sum distribution. The amount of any such lump sum distribution
          shall be determined as described in Exhibit A.

               (iii) Notwithstanding anything to the contrary in Section 7.1,
          the payment of a Pension in the form of a lump sum distribution shall
          be made in a single taxable year of the recipient and shall be made on
          or as soon as practicable after an Employee's Pension Commencement
          Date.

          (c) Five-Year or Ten-Year Certain and Life Annuity Option. A Retired
     Employee shall be eligible to elect to receive his benefits in the form of
     an annuity that is actuarially equivalent to the Plan's single life annuity
     and that provides equal monthly payments for the life of the Retired
     Employee, with the condition that if the Retired Employee dies before he
     has received 60 or 120 monthly payments, the Employee's designated
     Beneficiary shall receive monthly payments in the same amount as the
     Retired Employee until a total of 60 or 120 monthly payments have been made
     to the Retired Employee and his Beneficiary combined. For purposes of the
     preceding sentence, actuarial equivalence shall be determined based on the
     appropriate factor from the Table referred to in Exhibit A. A Retired
     Employee shall be eligible to elect the form of payment described in this
     subsection (c) with a total of 60 or 120 monthly payments guaranteed, as
     elected by the Retired Employee.

          (d) Pop-Up Annuity.

               (i) A Retired Employee shall be eligible to elect to receive
          benefits in the form of a Pop-Up Annuity that is actuarially
          equivalent to the Plan's single life annuity. Under the Pop-Up
          Annuity, a reduced amount shall be payable to the Retired Employee for
          his lifetime. The Beneficiary, if surviving at the Retired Employee's
          death, shall be entitled to receive thereafter a lifetime survivor
          benefit in an amount equal to 100 percent, 75 percent, or 50 percent,
          as elected by the Employee, of the reduced amount that had been
          payable to the Retired Employee. If the Beneficiary predeceases the
          Retired Employee, upon written notice of the Beneficiary's death
          delivered to the Committee by the Retired Employee, the benefit shall
          be converted to a single life annuity

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                                                                    Article VI-A
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<PAGE>

          payable for the life of the Retired Employee and the amount of the
          monthly benefit shall be increased effective with the payment for the
          month following the month in which the Beneficiary's death occurs, so
          that each subsequent pension payment is equal to 100% of the monthly
          pension to which the Employee was entitled if payment had originally
          commenced in the form of a single life annuity; provided, however,
          that in the event notice of the Beneficiary's death is provided to the
          Committee after the first anniversary of the Beneficiary's death, the
          adjustment described in this sentence shall not be effective for any
          payment made before the payment for the month following the month in
          which the Committee receives such notice.

               (ii) The reduced amount payable to the Retired Employee shall be
          determined as prescribed by Section 6.1, 6.2, 6.3, 6A.2 or 6A.3, as
          the case may be, except that the amount obtained shall be multiplied
          by the appropriate actuarial factor from the Table referred to in
          Exhibit A.

               (iii) If an Employee designates any individual other than his
          Spouse as his Beneficiary, and (A) the Employee is more than 19 years
          older than the Beneficiary, neither a 75% nor a 100% Pop-Up Annuity
          may be elected, and (B) the Employee is more than 10 but not more than
          19 years older than the Beneficiary, a 100% Pop-Up Annuity may not be
          elected.

          (e) Combination Annuity and Lump-Sum. A Retired Employee may choose to
     receive a specified portion (in increments of 10% and not to exceed 50%) of
     his Accrued Benefit under the lump-sum option described in Section 6A.6(b),
     with the remaining percentage of his Accrued Benefit payable as an annuity
     under Section 6A.6(a), (c) or (d). Both the lump-sum portion and the
     annuity portion of the Accrued Benefit must have the same Pension
     Commencement Date.

          (f) Forms of Payment for Transferred Benefits. An accrued benefit that
     is transferred to the Plan under Section 13.1 from a plan of the Company or
     another Affiliate or under Section 13.3 from an Interchange Company Pension
     Plan shall be distributed in the automatic form described in Section 6A.5
     unless, subject to the spousal consent requirements of Section 6A.5(d), the
     Retired Employee elects to receive such benefit in one of the optional
     payment forms described in this Section 6A.6 (subject to this subsection
     (f)) or, to the extent required by the anti-cutback rules set forth in
     section 411(d)(6) of the Code and Treasury Regulations issued thereunder,
     in one of the optional payment forms described in the plan from which such
     benefit was transferred. Optional payment forms which are not otherwise
     available under the Plan and are required to be grandfathered for a
     transferred accrued benefit, shall be available only with respect to such
     transferred benefit (which shall be converted to such optional form
     following the terms of the plan from which the benefit was transferred). If
     a Retired Employee elects a grandfathered optional form for his transferred
     accrued benefit, he must make a separate form of payment election for the
     remainder of his or her Accrued Benefit from among the forms of payment
     otherwise available under the Plan. If a particular form of payment is
     available both under the Plan and the transferor plan, the amount payable
     from the Plan to the Retired Employee in such optional form shall in no
     event be less than the transferred accrued benefit adjusted for early
     payment and payment form under the terms of the transferor plan.

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Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 61
<PAGE>

          (g) Applicability. Except as provided otherwise in any Schedule, this
     Section 6A.6 shall apply to all Plan participants with Pension Commencement
     Dates on or after January 1, 2002 regardless of the date the participant
     terminated employment with all Affiliates.

     6A.7 Limitations on Pensions.

          (a) In addition to any other limits set forth in the Plan, and
     notwithstanding any other provision of the Plan, in no event shall the
     annual amount of any retirement benefit payable with respect to a
     participant under the Plan exceed the maximum annual amount permitted by
     section 415 of the Code at benefit commencement for a retirement benefit
     payable in the form and commencing at the age provided for with respect to
     the participant. The determination in the preceding sentence shall be made
     after taking into account the retirement benefits payable with respect to
     the participant under all other defined benefit plans required to be
     aggregated with this Plan under section 415(f)(1)(A) of the Code and, for
     limitation years beginning before January 1, 2000, after taking into
     account the annual additions with respect to the participant under all
     defined contribution plans required to be aggregated under section
     415(f)(1)(B) of the Code.

          (b) If the limits imposed by subsection (a), above, with respect to a
     participant would otherwise be exceeded, the retirement benefits and, for
     limitation years beginning before January 1, 2000, annual additions with
     respect to the participant under the plans described in subsection (a),
     above, shall be reduced until those limits are satisfied. For purposes of
     applying the preceding sentence, the retirement benefits payable with
     respect to the participant under the defined benefit plans described in
     subsection (a), above, shall be reduced before the annual additions with
     respect to the participant are reduced under the defined contribution plans
     described in subsection (a), above. Among plans of the same type (defined
     benefit or defined contribution), reductions shall be made in reverse
     chronological order, that is, on a plan-by-plan basis, beginning with the
     plan under which the participant most recently accrued a benefit or was
     allocated an annual addition, and ending with the plan under which the
     participant least recently accrued a benefit or was allocated an annual
     addition.

          (c) The limits imposed by subsection (a), above, shall be applied on
     the basis of:

               (i) subject to subsection (d), for limitation years beginning
          before January 1, 1995, an interest rate assumption of 5 percent per
          annum, compounded annually, and for limitation years beginning on or
          after January 1, 1995, in accordance with section 415(b)(2)(E) of the
          Code, as amended by section 767 of the Uruguay Round Agreements Act
          (as subsequently amended by section 1449 of the Small Business Job
          Protection Act of 1996),

               (ii) the definition of compensation in Treas. Reg.ss.
          1.415-2(d)(11)(i), adjusted for limitation years beginning after
          December 31, 1997 to include deferrals described in Code section
          415(c)(3)(D),

               (iii) any cost-of-living increase that the Plan is permitted to
          take into account under section 415(d) of the Code,

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 62
<PAGE>

               (iv) any applicable transition rule prescribed in section 1106(i)
          of the Tax Reform Act of 1986, and

               (v) any other applicable transition rule that preserves a
          participant's accrued benefit under the Plan as of the effective date
          of the enactment or amendment of section 415 of the Code.

     Notwithstanding any provision in this Section 6A.7 to the contrary, for
     each participant who was previously a participant in a Prior Plan and who
     does not complete a Paid Hour of Service on or after January 1, 2002, the
     limits described in this Section shall be applied in accordance with the
     terms of such Prior Plan as set forth in Section 6A.11. For each
     participant who was previously a participant in the Enterprises Plan and
     who completes a Paid Hour of Service on or after January 1, 2002, the
     Pension paid to such participant (or his Beneficiary) shall be
     automatically adjusted at the beginning of each limitation year to reflect
     the maximum amount allowable under section 415 of the Code for such
     limitation year; provided, however, that such adjustment shall not apply to
     a benefit paid to a participant or his Beneficiary that has previously
     started on a Pension Commencement Date on or after January 1, 2002 under
     the Plan (other than pursuant to Section 7.7(i)) if:

                    (A) the participant's or Beneficiary's benefit was paid from
               the Plan in the form of a lump sum; or

                    (B) as of such Pension Commencement Date the participant or
               Beneficiary had a Code section 415 excess benefit provided
               through a non-qualified plan maintained by the Company.

          (d) Notwithstanding the foregoing, application of the amendments
     described in subsection (c)(i) of this Section 6A.7 shall not cause a
     participant's accrued benefit (including any optional benefit) determined
     under the provisions of the Plan to be less than the greater of:

               (i) the participant's accrued benefit based on all service
          credited under the Plan taking into account the limitations of section
          415 of the Code in effect as of the date of the determination; or

               (ii) the sum of

                    (A) the participant's accrued benefit under the terms of the
               applicable Prior Plan in effect as of December 31, 1999,
               determined using the limitations of section 415 of the Code in
               effect as of December 7, 1994 (the "old-law limits"), but
               disregarding any change in the Prior Plan adopted after December
               31, 1999 (unless relevant to the application of the "old-law
               limits") and any cost of living adjustment under Code section
               415(d) effective after December 31, 1999, and

                    (B) the participant's accrued benefit based solely on
               service after December 31, 1999, taking into account the
               limitations of section 415 of the Code in effect as of the date
               of the determination;

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 63
<PAGE>

               provided, however, that this provision shall be applied to
               benefits accrued under the Enterprises Plan by substituting
               "December 31, 1994" for "December 31, 1999" wherever it appears
               in (ii)(A), above, and by disregarding (ii)(B), above.

          (e) This Section 6A.7 is intended to satisfy the requirements imposed
     by section 415 of the Code and shall be construed in a manner that will
     effectuate this intent. This Section 6A.7 shall not be construed in a
     manner that would impose limitations that are more stringent than those
     required by section 415 of the Code.

     6A.8 Eligible Rollover Distributions.

          (a) Right to Elect Rollover. Notwithstanding any provision of the Plan
     to the contrary that would otherwise limit a distributee's election under
     this Section 6A.8, a distributee may elect, at the time and in the manner
     prescribed by the Committee, to have any portion of an eligible rollover
     distribution paid directly to an eligible retirement plan specified by the
     distributee in a direct rollover.

          (b) Definitions.

               (i) Eligible rollover distribution: An eligible rollover
          distribution is any distribution of all or any portion of the balance
          to the credit of the distributee, except that an eligible rollover
          distribution does not include: any distribution that is one of a
          series of substantially equal periodic payments (not less frequently
          than annually) made for the life (or life expectancy) of the
          distributee or the joint lives (or joint life expectancies) of the
          distributee and the distributee's designated beneficiary, or for a
          specified period of ten years or more; any distribution to the extent
          such distribution is required under section 401(a)(9) of the Code; and
          the portion of any distribution that is not includible in gross income
          (determined without regard to the exclusion for eligible rollover
          distributions or the exclusion for net unrealized appreciation with
          respect to employer securities).

               (ii) Eligible retirement plan: An eligible retirement plan is an
          individual retirement account described in section 408(a) of the Code,
          an individual retirement annuity described in section 408(b) of the
          Code, an annuity plan described in section 403(a) of the Code, or a
          qualified trust described in section 401(a) of the Code, that accepts
          the distributee's eligible rollover distribution. However, in the case
          of an eligible rollover distribution to the surviving spouse, an
          eligible retirement plan is an individual retirement account or
          individual retirement annuity.

               (iii) Distributee: A distributee includes an employee or former
          employee. In addition, the employee's or former employee's surviving
          spouse and the employee's or former employee's spouse or former spouse
          who is the alternate payee under a qualified domestic relations order,
          as defined in section 414(p) of the Code, are distributees with regard
          to the interest of the spouse or former spouse.

               (iv) Direct rollover: A direct rollover is a payment by the Plan
          to the eligible retirement plan specified by the distributee.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 64
<PAGE>

     6A.9 Increases After Pension Commencement Date Due to Additional
Compensation. To the extent that a Pension payable to a Retired Employee or
Beneficiary increases after the Pension Commencement Date due to the crediting
of additional Monthly Compensation under subsection (b)(ii)(H) of the definition
of "Monthly Compensation" in Article II, the Retired Employee's or Beneficiary's
benefit payments shall automatically be adjusted to reflect such increase on a
prospective basis as soon as administratively practicable following the date
such compensation is paid. The increase in the Retired Employee's or
Beneficiary's benefit shall be paid in the same form of payment as applied to
the Retired Employee's or Beneficiary's benefit on the original Pension
Commencement Date.

     6A.10 No Other Ancillary Benefits. No ancillary benefit, including but not
limited to the "1991 Death Benefit" previously provided under the Enterprises
Plan, shall be payable to, or on behalf of, a participant who completes a Paid
Hour of Service at any time on or after January 1, 2002, unless payment of such
benefit is specifically provided for in Articles V-A and VI-A of this Plan.

     6A.11 Merger of Products Plan into Plan as of November 30, 2001. Effective
immediately after the close of business on November 30, 2001, all assets held
under the Products Plan were transferred to, and merged with the assets of, the
Enterprises Plan, which is the predecessor to this Plan. All employees of the
Company who were active participants in the Products Plan immediately prior to
the merger became participants in the Plan as of the merger date, and through
December 31, 2001, together with any eligible employees of co-sponsors of the
Products Plan who would have become participants in the Products Plan had the
merger not occurred, continued to participate in the Plan under the terms and
conditions set forth in the Products Plan immediately prior to the merger. All
employees of the Company who were active participants in the Enterprises Plan
immediately prior to the merger continued to be participants in the Plan as of
the merger date, and through December 31, 2001, together with any eligible
employees of participating employers in the Enterprises Plan who would have
become participants in the Enterprises Plan had the merger not occurred,
continued to participate in the Plan under the terms and conditions set forth in
the Enterprises Plan immediately prior to the merger. Notwithstanding any
provision in the Plan to the contrary except Section 6A.12, all benefits payable
on or after December 31, 2001 to persons entitled to benefits from the Products
Plan portion of the Plan or the Enterprises Plan portion of the Plan as of
December 31, 2001 who do not complete a Paid Hour of Service after December 31,
2001 shall be determined and paid as follows:

          (a) Benefits in pay status to participants as of December 31, 2001
     shall continue to be paid in accordance with the provisions of the
     applicable Prior Plan.

          (b) Retirement benefits for which payments have not begun by December
     31, 2001, that are payable to participants in a Prior Plan who do not
     complete a Paid Hour of Service after December 31, 2001, shall be
     determined (with respect to eligibility and amount) and shall be
     distributed (with respect to timing) in accordance with the provisions of
     the applicable Prior Plan as in effect as of such person's Separation From
     Service Date (except to the extent provided otherwise by a subsequent
     amendment to the Prior Plan); provided, however, that (i) the forms of
     payment available to the participant shall be determined under Sections
     6A.5 and 6A.6, (ii) conversion of the single life annuity benefit payable
     to the participant to a benefit payable in the form elected by the
     participant shall be determined using the factors described in Exhibit A,
     (iii) monthly payments of accrued benefits from the Enterprises Plan shall
     be made as

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 65
<PAGE>

     of the first of each month (instead of in arrears), (iv) the reduction for
     payment prior to normal retirement age of a deferred vested pension shall
     be determined using the factors described in Exhibit A, and (v) the
     reduction for payment prior to normal retirement age of a deferred vested
     pension that is derived from an unconverted annuity pension benefit under
     the Enterprises Plan shall be determined using the factors described in
     Exhibit A to the extent such factors provide a higher benefit than the
     similar factors provided for in the plan under which such benefit was
     accrued.

          (c) Pre-retirement death benefits and/or ancillary death benefits
     payable with respect to a former participant in a Prior Plan that have not
     been paid (or commenced to be paid) by December 31, 2001 shall be
     determined (with respect to eligibility and amount) and shall be
     distributed (with respect to timing and form of payment) in accordance with
     the provisions of the applicable Prior Plan as in effect as of such
     participant's Separation From Service Date (except to the extent provided
     otherwise by a subsequent amendment to the Prior Plan); provided, however,
     that (i) monthly payments of accrued benefits from the Enterprises Plan
     shall be made as of the first of each month (instead of in arrears), (ii)
     the joint and survivor annuity conversion factors described in Exhibit A
     shall be used to convert a single life annuity to a joint and survivor
     annuity form of payment to the extent required to calculate the survivor
     benefit, (iii) the reduction for payment prior to normal retirement age of
     a deferred vested pension shall be determined using the factors described
     in Exhibit A, to the extent required to calculate the survivor benefit, and
     (iv) the reduction for payment prior to normal retirement age of a deferred
     vested pension that is derived from an unconverted annuity pension benefit
     under the Enterprises Plan shall be determined using the factors described
     in Exhibit A if such factors provide a higher benefit than the similar
     factors provided for in the plan under which such benefit was accrued, to
     the extent required to calculate the survivor benefit.

     6A.12 Option for Certain Participants Terminating Employment in 2001. Any
participant in a Prior Plan whose last day (i) of active employment with the
Affiliates, and (ii) of active participation in the applicable Prior Plan is a
day on or after April 1, 2001 and before January 1, 2002 may elect, in the time
and manner prescribed by the Committee, to receive a pension that is equal to
the Pension determined for the participant under Articles V-A and VI-A. A
participant described in the preceding sentence who is not eligible for Company
retiree medical and welfare benefits, or who is otherwise determined by the
Committee to have no reason to forego the election, shall be deemed to make the
election described in this Section 6A.12. The following rules shall apply with
respect to such elections:

          (a) A participant's last day of active employment shall include the
     last day of vacation actually taken, but shall be determined without regard
     to a participant's accrued and unused vacation or banked vacation.

          (b) If the participant elects to have his Pension determined under
     Articles V-A and VI-A, such Pension shall be paid in lieu of the pension
     benefit otherwise payable under the terms of the applicable Prior Plan in
     which he was a participant at termination of employment, but only to the
     extent a higher benefit payment will result.

          (c) If the participant makes an election under this Section 6A.12 and
     is eligible for retiree medical and welfare benefits, he shall receive
     retiree medical and welfare benefits under the new Verizon retiree medical
     and welfare benefits program effective January 1, 2002, in lieu of the
     retiree benefits to which he would have been eligible

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 66
<PAGE>

     under the retiree benefit program in effect at his employment termination.

          (d) If the participant dies while an employee actively participating
     in a Prior Plan on or after April 1, 2001 and prior to January 1, 2002, he
     shall be deemed to have made the election described in this Section 6A.12
     unless the participant would have been eligible for retiree medical and
     welfare benefits and is married on the date of his death, in which case the
     election shall be made (or not made) by the participant's Spouse.

          (e) The Pension determined under Article VI-A for a participant making
     the election described in this Section 6A.12 shall be based on:

               (i) Monthly Compensation, determined as described in subsection
          (b)(i) of the definition of "Monthly Compensation" in Article II based
          on the participant's compensation through his termination date;

               (ii) Accredited Service, Net Credited Service and Pension Accrual
          Service, determined as described in the applicable Prior Plan or
          Article IV-A based on service through his termination date; and

               (iii) for a Former GTE Employee who is an active participant in
          the Products Plan at the time he terminates employment, an opening
          cash balance account, determined using a "rate of annual compensation"
          equal to the sum of:

                    (A) the participant's annual base pay rate as of the date
               the participant terminates employment with all Affiliates;

                    (B) Compensation, other than base pay (or imputed base pay),
               taken into account for purposes of determining the participant's
               Monthly Compensation under the Products Plan for the
               twelve-consecutive-month period immediately preceding the date
               the participant terminates employment with all Affiliates, but
               excluding Senior Manager Short-Term Incentives; and

                    (C) The participant's bonus under the GTE Executive
               Incentive Plan for 2000, if any;

          provided, however, that the participant's annual rate of compensation
          shall not exceed $170,000.

          (f) For a Former GTE Employee who is eligible to make an election
     under this Section 6A.12, eligibility for an immediate Service Pension
     shall be determined under the "rule of 75" or "rule of 73" described in
     Section 6A.2(b), in lieu of under the rules described in the Products Plan.

          (g) If a participant who makes an election under this Section 6A.12 is
     not eligible to start pension payments immediately at employment
     termination under the terms of the applicable Prior Plan in which he is
     then a participant, the participant may start his pension on or after
     January 1, 2002 as described in Articles V-A and VI-A, notwithstanding any
     provision in the Plan to the contrary.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 67
<PAGE>

          (h) Optional forms of payment that are available under Section 6A.6
     only for Pension Commencement Dates occurring on or after January 1, 2002
     shall not be available to a participant described in this Section unless he
     delays his Pension Commencement Date to a date on or after January 1, 2002.

          (i) During 2002, the benefit of each participant (or Beneficiary of a
     participant) who makes an election under this Section 6A.12 and begins to
     receive his pension benefit prior to January 1, 2002 shall be recalculated
     as of his Pension Commencement Date (in the form of payment in effect as of
     the Pension Commencement Date) taking into account the provisions of
     Articles V-A, VI-A (including any optional form conversion factors first
     effective in 2002) and this Section 6A.12. Any such participant (or
     Beneficiary) who is receiving monthly benefits from the Plan and for whom
     the recalculated monthly payment is greater than the original monthly
     payment shall receive a lump-sum true-up payment equal to the aggregate
     underpayments for each month for which payment was made prior to true-up,
     including interest at the lump sum conversion rate in effect for the
     participant (or Beneficiary) at his pension commencement, and thereafter
     monthly payments from the Plan shall be increased to the recalculated
     monthly amount. In the event such participant (or Beneficiary) received
     payment in the form of a lump sum and the recalculated lump sum amount is
     larger than the lump sum previously paid, the participant (or Beneficiary)
     shall receive a lump sum true-up payment equal to the difference between
     the two amounts, including interest at the lump sum conversion rate in
     effect for the participant (or Beneficiary) at his pension commencement.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article VI-A
                                                                         Page 68
<PAGE>

                                   ARTICLE VI

                COMPUTATION OF PENSIONS (FOR EXCLUDED EMPLOYEES)

THE PROVISIONS OF THIS ARTICLE VI APPLY FOR PURPOSES OF COMPUTING PENSIONS FOR
PARTICIPANTS WHO ARE EXCLUDED EMPLOYEES.

     6.1 Service Pension. This Section applies to Excluded Employees:

          (a) Subject to subsections (b) through (d), below, the annual Service
     Pension payable to a Retired Employee in the form of a single life annuity
     commencing on the first day of the month next following his Normal
     Retirement Date shall equal the greater of the amounts determined under
     paragraphs (i) and (ii), below.

               (i) The amount determined under this paragraph (i) is the product
          determined by multiplying the Retired Employee's years of Accredited
          Service by the sum of (1) 1.15 percent of his Average Annual
          Compensation not in excess of the Social Security Integration Level,
          and (2) 1.45 percent of his Average Annual Compensation in excess of
          the Social Security Integration Level.

               (ii) The amount determined under this paragraph (ii) is the
          product determined by multiplying the Retired Employee's years of
          Accredited Service by 1.35 percent of his Average Annual Compensation.

          (b) If an Employee begins receiving his Service Pension as of any date
     that precedes his Normal Retirement Date, the amount determined under
     subsection (a), above, shall be multiplied by the appropriate percentage
     indicated below:

            =============================================== ============
            Pension Commencing At Age                    Percentage
            ---------------------------------------- -----------------
                      55 and over                           100%
            ---------------------------------------- -----------------
                           54                               97%
            ---------------------------------------- -----------------
                           53                               94%
            ---------------------------------------- -----------------
                           52                               91%
            ---------------------------------------- -----------------
                           51                               88%
            ---------------------------------------- -----------------
                           50                               85%
            ---------------------------------------- -----------------
                      49 and under                          82%
            ======================================== =================

     In the case of a fractional part of a year, the above percentages shall be
     adjusted at the rate of 1/4 of 1 percent (0.25%) for each full month by
     which the Pension Commencement Date follows the first day of the month
     after the attainment of age 49 through age 54. For the purpose of this
     calculation, the Pension Commencement Date shall be deemed to occur not
     earlier than the first day of the month following the Employee's 49th
     birthday.

          (c) The amount determined in subsections (a) and (b), above, shall not
     be less than the applicable amount according to the Employee's years of
     Accredited Service as determined in accordance with the following table:

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article V1
                                                                         Page 69
<PAGE>

               ======================================  ===================
                     Years of Accredited Service        Applicable Amount
               ---------------- ---------------------  -------------------
                At least               But less than
               ================ =====================  ===================
                   15                       20                $4,700
               ---------------- ---------------------  -------------------
                   20                       25                $6,100
               ---------------- ---------------------  -------------------
                   25                       30                $7,500
               ---------------- ---------------------  -------------------
                   30                       35                $8,900
               ---------------- ---------------------  -------------------
                   35                       40               $10,300
               ---------------- ---------------------  -------------------
                   40                       N/A              $11,700
               ================ =====================  ===================

          (d) The amount determined under subsections (a), and (c), above, shall
     be reduced by:

               (i) the annual amount (if any) payable from any Other Pension
          Plan;

               (ii) the amount required to be paid by the Company or another
          Affiliate pursuant to any foreign law or regulation on account of
          termination or separation from employment, expressed in United States
          currency; and

               (iii) the amount (if any) prescribed by Section 6.4(d);

     and the amount determined under subsection (b) above shall be determined
     after the reduction in the amount determined under subsection (a) described
     above in this subsection (d).

     For purposes of paragraph (i), above, the annual amount (if any) payable
     from any Other Pension Plan shall be the annual amount of a benefit that is
     payable in the form of a single life annuity commencing on the first day of
     the month next following the Employee's Normal Retirement Date, and that is
     the actuarial equivalent of the same or similar benefit payable at normal
     retirement age under the Other Pension Plan. For this purpose, actuarial
     equivalence shall be determined based on an interest rate of 7 percent per
     annum and the TPF&C 1971 Forecast Mortality Table for Males (with ages set
     back 2 years in the case of Employees and 4 years in the case of Spouses
     and Beneficiaries). The reduction required pursuant to paragraph (ii) above
     shall be applied directly against the amounts otherwise payable under the
     Plan; and in the case of a participant whose Pension Commencement Date
     occurs after the date of any payment described in paragraph (ii), the
     amount of the reduction shall be adjusted to amount equal to the amount of
     the payment described in paragraph (ii), compounded at an interest rate of
     7% per annum from the time of payment until such amount has been completely
     offset against the participant's pension payments.

     6.2 Disability Pension. For an Excluded Employee, the annual Disability
Pension payable to a Retired Employee shall be computed in the same manner
prescribed in Section 6.1, but without applying any reduction otherwise required
under Section 6.1(b).

     6.3 Deferred Vested Pension. For an Excluded Employee, the annual Deferred
Vested Pension payable after reaching Normal Retirement Age to a former Employee
who qualifies for such a Pension shall be computed in the same manner prescribed
in Section 6.1, except that the amount determined under Section 6.1(c) shall be:

          (a) based on the Accredited Service the former Employee would have had
     at

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article V1
                                                                         Page 70
<PAGE>

     his Normal Retirement Date if his employment with the Affiliates had not
     been terminated until his Normal Retirement Date, and

          (b) then multiplied by the ratio of the Employee's actual Vesting
     Service to the Vesting Service he would have had at his Normal Retirement
     Date if his employment with the Affiliates had not been terminated until
     his Normal Retirement Date.

If such former Employee is eligible, in accordance with Section 5.5, to elect to
have his Deferred Vested Pension commence prior to his Normal Retirement Date,
and he so elects in accordance with Section 7.8, the amount of such Deferred
Vested Pension shall be reduced by multiplying his Deferred Vested Pension at
his Normal Retirement Date by the appropriate factor in the Table referenced in
Exhibit A.

     6.4 Spouse's Pension. This Section applies with respect to Excluded
Employees:

          (a) The annual Spouse's Pension payable to a Spouse who qualifies for
     a Spouse's Pension under Section 5.6 shall be the annual amount payable to
     the Spouse as Beneficiary under the survivor annuity portion of the
     Qualified Joint and Survivor Annuity with respect to the participant,
     computed as if the participant had:

               (i) terminated employment with the Affiliates on the date of his
          death (or, if earlier, on the date of his actual termination of
          employment with the Affiliates),

               (ii) elected the first day of the month next following his Normal
          Retirement Date (or, if later, the first day of the month next
          following the date of his death) as his Pension Commencement Date, and

               (iii) died on his Pension Commencement Date.

     Except as provided in subsections (b) and (c), below, the normal Pension
     Commencement Date of a Spouse's Pension shall be the first day of the month
     next following the later of the deceased participant's Normal Retirement
     Date or the date of his death.

          (b) In the case of a participant who dies before his Normal Retirement
     Date while in the service of a Control Group Affiliate (even if his death
     occurs during the period of Accredited Service described in Section
     4.6(d)), the Spouse may elect, in accordance with Section 7.8, that the
     Pension Commencement Date of the Spouse's Pension shall be the first day of
     any month before the participant's Normal Retirement Date and after the
     month of the participant's death. The annual amount of a Spouse's Pension
     that commences before the participant's Normal Retirement Date in
     accordance with this subsection (b) shall not be reduced on account of such
     early commencement.

          (c) In the case of a participant who dies before his Normal Retirement
     Date other than in circumstances described in subsection (b), above, the
     Spouse may elect, in accordance with Section 7.8, that the Pension
     Commencement Date of the Spouse's Pension shall be the first day of any
     month before the participant's Normal Retirement Date and after the month
     of the participant's death, provided that such first day is on or after the
     earliest date the participant could have elected as his Pension
     Commencement

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article V1
                                                                         Page 71
<PAGE>

     Date had he survived and terminated employment with the Affiliates on the
     date of his death (or, if earlier, on the date of his actual termination of
     employment with the Affiliates). The annual amount of a Spouse's Pension
     that commences before the participant's Normal Retirement Date in
     accordance with this subsection (c) shall equal the annual amount payable
     to the Spouse as Beneficiary under the survivor annuity portion of the
     Qualified Joint and Survivor Annuity that would have been payable with
     respect to the participant, computed as if the participant had:

               (i) terminated employment with the Affiliates on the date of his
          death (or, if earlier, on the date of his actual termination of
          employment with the Affiliates),

               (ii) elected as his Pension Commencement Date the date elected by
          the Spouse in accordance with this subsection (c), and

               (iii) died on his Pension Commencement Date.

          (d) An Employee may elect to waive, or revoke a prior election to
     waive, Spouse's Pension coverage in accordance with Section 6A.5(b). Such
     election or revocation shall be subject to the following terms and
     conditions:

               (i) Any election or revocation shall be made by giving written
          notice in such form and manner as may be required by the Committee.

               (ii) An election or revocation shall be ineffective unless the
          participant's Spouse consents in writing to such election or
          revocation. The Spouse's consent must acknowledge the effect of such
          election and must be witnessed by a notary public or authorized plan
          representative. The Spouse's consent must acknowledge the effect of
          the Beneficiary or Beneficiaries (including any class of Beneficiaries
          and any contingent Beneficiaries) that the participant has designated,
          if any. Any consent by a Spouse shall be irrevocable unless the
          participant agrees to a revocation.

               (iii) Subsection (d)(ii), above, shall not apply if the Committee
          determines that the consent required therein cannot be obtained
          because there is no Spouse, because the Spouse cannot be located, or
          because of any other circumstances that are specified by regulation,
          revenue ruling, notice, or other guidance of general applicability
          issued by the Department of the Treasury.

               (iv) Any consent by a Spouse pursuant to subsection (d)(ii),
          above, shall be effective only with respect to that Spouse. Similarly,
          any establishment that the consent of a Spouse cannot be obtained for
          any of the reasons described in subsection (d)(iii), above, shall be
          effective only with respect to that Spouse.

     Spouse's Pension coverage shall be automatic and without charge, and a
     participant's waiver of Spouse's Pension coverage shall be ineffective,
     except to the extent that such coverage is waived in accordance with
     Section 6A.5(b) during the 90-day period ending on the participant's
     Pension Commencement Date.

          (e) The Committee shall provide to each participant eligible to waive
     Spouse's

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     Pension coverage pursuant to subsection (d) hereof, within a reasonable
     period before or after the date as of which he becomes eligible to waive
     Spouse's Pension coverage, a written explanation of:

               (i) the terms and conditions of the Spouse's Pension;

               (ii) the participant's right to elect, and the effect of
          electing, to waive Spouse's Pension coverage;

               (iii) the rights of a married participant's Spouse with respect
          to that election; and

               (iv) the right of the participant to revoke, and the effect of
          revoking, an election to waive Spouse's Pension coverage.

     The Committee shall provide each participant eligible to waive Spouse's
     Pension coverage pursuant to Section 6A.5(b) with the written explanation
     described in this subsection (e) at the same time as it provides the
     written explanation described in Section 6A.5(e) hereof.

     6.5 Limitations on Pensions. For an Excluded Employee, the provisions of
Section 6A.7 shall apply to limit benefits described in Sections 6.1 through 6.4
of this Article VI.

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                                   ARTICLE VII

                       PAYMENT OF PENSIONS AND CONDITIONS
                                RELATED THERETO

     7.1 Annuity Forms of Payments. All Pensions, except those Pensions paid in
a lump sum distribution pursuant to Section 6A.6(b) or 7.6, shall be payable in
monthly installments as follows:

          (a) The first installment shall be paid to the Retired Employee (or
     Beneficiary, in the case of a Spouse's Pension or Pre-Retirement Death
     Benefit) as of the Pension Commencement Date determined in accordance with
     Articles V, V-A, VI, VI-A and VII;

          (b) Where installments are to be paid to a Beneficiary under a
     Joint-Survivor Pension, the first installment to the Beneficiary shall be
     paid as of the beginning of the first month following the death of the
     participant; and

          (c) The final installment shall be paid as of the beginning of the
     month during which the death of the Retired Employee or Beneficiary, as the
     case may be, occurs, except that Disability Pension installments paid
     pursuant to Sections 5.4 and 6.2 (but not pursuant to Sections 5A.4 and
     6A.3) shall cease before the death of the Retired Employee if and when he
     ceases to satisfy the disability conditions of Section 5.4 before his
     Normal Retirement Date. In the event a Retired Employee's Disability
     Pension (which was paid in other than a lump sum) stops prior to his Normal
     Retirement Date for a reason other than the Employee's death, the Retired
     Employee shall be entitled to receive the Service Pension or Deferred
     Vested Pension to which he is otherwise entitled under Articles V and VI.

          (d) A check in payment of a monthly installment may be mailed, in the
     discretion of the Committee, before the date as of which the payment is
     made.

     7.2 Prohibition Against Alienation of Benefits. The benefits under the Plan
may not be anticipated, assigned (either at law or in equity), alienated, or
subjected to attachment, garnishment, levy, execution, or other legal or
equitable process, provided that:

          (a) an arrangement whereby benefit payments are paid to a
     participant's savings or checking account in a financial institution is not
     prohibited;

          (b) once a participant begins receiving benefits under the Plan, such
     participant may assign or alienate the right to future payments if such
     transaction is limited to assignments or alienations that:

               (i) are voluntary and revocable,

               (ii) with respect to a particular benefit payment, do not in the
          aggregate exceed 10 percent of such payment, and

               (iii) neither are for the purpose, nor have the effect, of
          defraying administrative costs of the Plan;

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          (c) payments made in accordance with a Qualified Domestic Relations
     Order are not prohibited; and

          (d) offsets of a participant's benefit in accordance with section
     401(a)(13)(C) of the Code are not prohibited.

For the purposes of subsection (b), above, except as otherwise permitted
pursuant to subsection (d), above, an attachment, garnishment, levy, execution
or other legal or equitable process is not considered a voluntary assignment or
alienation.

     7.3 Suspension of Benefits and Calculation of Benefits After Reemployment.
The following provisions apply with respect to participants who complete a Paid
Hour of Service on or after January 1, 2002, for the period of employment after
2001:

          (a) Suspension of Pension During Employment After Normal Retirement
     Age. Except as otherwise provided in Section 5A.3, Section 5.7 or in a
     Schedule, no Pension shall be paid or payable to any participant (including
     a Retired Employee) in any month after his Normal Retirement Age during
     which he is credited with Suspension Service as described in subsection
     (a)(ii). Notwithstanding the foregoing, benefits shall be paid to any such
     participant in any month after his Normal Retirement Age during which he is
     not credited with Suspension Service, unless the participant has not
     previously had a Pension Commencement Date and the participant elects, in
     the manner prescribed by the Committee, to defer his or her Pension
     Commencement Date until he terminates employment with all Affiliates. This
     provision shall not apply to any Former Bell Atlantic Employee who was
     rehired before January 1, 2002 after a benefit commencement date under the
     Enterprises Plan (or, for an Employee whose benefits were transferred from
     the Verizon Management Pension Plan to the Plan pursuant to Section 13.1,
     under the terms of Verizon's Bell Atlantic Cash Balance Plan) and whose
     benefit was in pay status under the latter plan as of December 31, 2001,
     unless such Employee terminates and is again rehired on or after January 1,
     2002.

               (i) Commencement of Payment Following Suspension. Pensions
          suspended under this subsection (a) shall commence or recommence no
          later than the earliest of:

                    (A) the first day of the month next following the date the
               participant terminates employment with all Affiliates;

                    (B) the participant's Required Starting Date; or

                    (C) the first day of the month following the month in which
               he first fails to have Suspension Service as described in
               subsection (a)(ii).

          Except as provided in Section 5.7 or Section 5A.3, and subject to
          subsection (e), the participant's Pension shall be calculated under
          Article VI or VI-A, as appropriate, taking into account Monthly
          Compensation earned and years of Pension Accrual Service or Accredited
          Service (if any) credited during such period of Suspension Service,
          and no actuarial or other adjustment shall be made to the
          participant's benefit so as to reflect payments suspended with respect
          to those months during which such participant was credited with

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          Suspension Service or with respect to those months in which the
          participant was not credited with Suspension Service but for which the
          participant elected to defer payment commencement; provided, however,
          that such resumed payment shall be offset by any benefit paid with
          respect to a month in which the participant had Suspension Service
          where the amount so paid has not been returned or repaid to the Trust
          Fund by the participant as described in subsection (a)(iii).
          Notwithstanding anything in this subsection (a) to the contrary, if
          the Pension of a Former GTE Employee is suspended under this
          subsection (a) during any period after his Age 65 Normal Retirement
          Date and prior to June 1, 2004, the amount of his Pension determined
          under this subsection (a)(i), when applying the formulas described in
          Article VI or Sections 6A.1(b), (c)(i) and (d)(ii), as applicable,
          shall not be less than the actuarial equivalent as of May 31, 2004 or
          the date the suspension ends, if earlier, of the single life annuity
          that would have been payable to him (or that he could have elected to
          receive) commencing on the day after his Age 65 Normal Retirement Date
          (or, if later, the day his benefits were suspended) had his Pension
          not been suspended. For this purpose, actuarial equivalence shall be
          determined using an interest rate of 7 percent per annum and the TPF&C
          1971 Forecast Mortality Table for Males (with ages set back 2 years).

               (ii) Suspension Service. A participant shall be deemed to have
          Suspension Service in any month which month is after his Normal
          Retirement Date, but prior to his Required Starting Date, and in which
          month:

                    (A) he completes 40 or more Hours of Service for the Company
               or another Affiliate, if the Plan has for any purpose with
               respect to the participant used or determined the actual number
               of Hours of Service completed by the participant for the purpose
               of crediting Hours of Service, or

                    (B) he receives payment from the Company or another
               Affiliate for any Hours of Service (including service described
               in Section 4A.1(d)) performed on each of 8 or more days (or
               separate work shifts), if the Plan has not for any purposes with
               respect to the participant used or determined the number of Hours
               of Service creditable to the participant by an actual counting of
               such Hours of Service.

               (iii) Offset. To the extent that the Plan has paid benefits to a
          participant with respect to any month in which he has Suspension
          Service which amounts have not previously been recovered by the Plan,
          the Plan shall defer commencement or recommencement of benefits under
          subsection (a)(i) hereof for a period of 2 calendar months, or until
          the amounts paid with respect to months in which the participant has
          Suspension Service have been recovered (without interest), whichever
          is the first to occur. If, at the end of the said 2-month period there
          remains an unrecovered amount which was paid to the participant during
          or with respect to a period of Suspension Service, such amount shall
          be recovered (without interest) by the Plan by reducing each benefit
          payment due the participant or the participant's Beneficiary after
          benefit commencement or recommencement by the lesser of:

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                    (A) the excess of the amount of the benefits paid to the
               participant with respect to months in which the participant had
               Suspension Service over the amount of such benefits which have
               been restored to, or recovered by, the Plan, or

                    (B) 25% of the participant's monthly (or periodic) benefit
               payments.

               (iv) Notifications. No payment shall be withheld or suspended by
          the Plan pursuant to this subsection (a) until the Plan has notified
          the participant by personal delivery or first class mail of the fact
          that such withholding or suspension is occurring or will occur. Such
          notification will contain a detailed description of the specific
          reasons why benefit payments are being suspended or withheld, a
          general description of the Plan provisions relating to the suspension
          of benefit payments, a copy of such provisions, and a statement that
          the applicable Department of Labor regulations governing suspensions
          of benefits may be found at Title 29, Code of Federal Regulations,
          ss.2530.203-3. The notification shall also advise the participant to
          whom directed of the Plan's procedure for affording a review of the
          suspension of benefits.

          (b) Suspension of Payment Following Rehire Prior to Normal Retirement
     Age. If a participant is reemployed by an Affiliate after his Pension
     Commencement Date and prior to his Normal Retirement Age, benefits
     otherwise payable to the participant shall be suspended under this
     subsection (b) during the participant's period of reemployment prior to his
     Normal Retirement Age. If the reemployed participant continues in
     employment beyond his Normal Retirement Age, such participant's benefits
     shall continue to be suspended in accordance with subsection (a) and shall
     recommence as described in that subsection. If the reemployed participant
     again terminates employment with all Affiliates prior to his Normal
     Retirement Age, the participant's benefits, recalculated, subject to
     subsection (e), taking into account Monthly Compensation and years of
     Pension Accrual Service or Accredited Service (if any) earned during the
     period of suspension, shall commence to be paid pursuant to Articles V,
     V-A, VI and VI-A, as applicable, as if the participant had not previously
     elected a Pension Commencement Date. In either event, the participant's
     benefits upon recommencement shall not be reduced to reflect monthly
     benefits paid before the participant's Normal Retirement Age. This
     provision shall not apply to any Former Bell Atlantic Employee who was
     rehired before January 1, 2002 after a benefit commencement date under the
     Enterprises Plan (or, for an Employee whose benefits were transferred from
     the Verizon Management Pension Plan to the Plan pursuant to Section 13.1,
     under the terms of Verizon's Bell Atlantic Cash Balance Plan) and whose
     benefit was in pay status under the latter plan as of December 31, 2001,
     unless such Employee terminates and is again rehired on or after January 1,
     2002.

               (c) Form of Payment of Recommenced Benefits. A participant whose
          benefits have been suspended during a period of reemployment shall be
          entitled to elect the form of payment for his entire benefit,
          including amounts accrued both before and during reemployment, in
          accordance with Article VI or VI-A, as applicable. Any Former Bell
          Atlantic Employee for whom benefits have not been suspended shall be
          entitled, upon his subsequent termination of employment with all
          Affiliates, to elect the form of payment only with respect to the
          portion of his benefit earned during his reemployment, if any.

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          (d) Social Security Supplements. Social security supplement payments
     shall be suspended under this Section 7.3 as described in subsections (a)
     and (b), above. However, social security supplement payments will not
     resume when the reemployed participant again terminates employment with all
     Affiliates, unless such termination occurs prior to the date the social
     security supplement payments were originally scheduled to end. If suspended
     pension payments resume under this Section 7.3 before the social security
     supplement payments were scheduled to end, social security supplement
     payments shall also resume at the same monthly rate in effect prior to the
     suspension. There shall be no increase in the amount of the participant's
     monthly social security supplement payment and no extension of the period
     over which the social security supplement payments are payable by reason of
     the period of suspension.

          (e) Calculation of Benefits for Reemployed Participants.
     Notwithstanding anything in subsections (a) through (d), above, or any
     other provision of the Plan to the contrary other than Section 5A.3 or 5.7,
     the following rules shall apply for purposes of calculating the Pension
     payable under Article VI or VI-A, as applicable, to a rehired participant
     on a Pension Commencement Date following his subsequent termination of
     employment with all Affiliates:

               (i) Prior Lump Sum Based on Annuity. If the participant
          previously received a lump sum payment of all or any portion of his
          Pension, and the lump sum was determined based on the present value of
          a benefit under an annuity-based formula (and not on the basis of his
          cash balance account under the Plan or a Prior Plan):

                    (A) the benefit payable to the participant in the form of a
               single life annuity following his subsequent termination of
               employment with all Affiliates, under any annuity-based formula
               described in Article VI or VI-A that is applicable to the
               participant, shall be reduced by the amount of the single life
               annuity on which the prior lump sum payment was based; and

                    (B) the benefit payable to the participant in the form of a
               single life annuity following his subsequent termination of
               employment with all Affiliates, from the participant's Cash
               Balance Account described in Article VI-A, shall equal:

                         (I) if the participant previously received a lump sum
                    distribution of his entire accrued benefit that was paid
                    under the Plan or a Prior Plan, the single-life actuarial
                    equivalent as of the Pension Commencement Date of the sum of
                    the Pay Credits and Interest Credits that have been credited
                    to the participant's Cash Balance Account under the Plan or
                    a Prior Plan since his rehire date;

                         (II) if the participant previously received a lump sum
                    distribution of part of his accrued benefit under the Plan
                    or under a Prior Plan, the single-life actuarial equivalent
                    as of the Pension Commencement Date of the sum of (a) the
                    percentage

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                    of the participant's accrued benefit that was not previously
                    cashed-out multiplied by the participant's Cash Balance
                    Account under the Plan or the Prior Plan at the prior
                    Pension Commencement Date, increased with Interest Credits
                    (but not Pay Credits) since the prior distribution, plus (b)
                    the sum of the Pay Credits and Interest Credits that have
                    been credited to the participant's Cash Balance Account
                    under the Plan or the Prior Plan since the participant's
                    rehire date.

               (ii) Prior Lump Sum Based on Cash Balance Account. If the
          participant previously received a lump sum payment of all or any
          portion of his Pension, and the lump sum was determined based on the
          balance of the participant's Cash Balance Account under the Plan or a
          Prior Plan:

                    (A) the benefit payable to the participant in the form of a
               single life annuity following his subsequent termination of
               employment with all Affiliates, under any annuity-based formula
               described in Article VI-A that is applicable to the participant,
               shall be reduced by the single-life actuarial equivalent as of
               the Pension Commencement Date of the participant's cash balance
               account under the relevant plan as of his prior Pension
               Commencement Date increased for Interest Credits (but not Pay
               Credits) since the prior distribution.

                    (B) the benefit payable to the participant in the form of a
               single life annuity following his subsequent termination of
               employment with all Affiliates, from the participant's Cash
               Balance Account described in Article VI-A, shall equal:

                         (I) if the participant previously received a lump sum
                    distribution of his entire accrued benefit, the single-life
                    actuarial equivalent as of the Pension Commencement Date of
                    the sum of the Pay Credits and Interest Credits that have
                    been credited to the participant's Cash Balance Account
                    under the Plan or the Prior Plan since his rehire date; or

                         (II) if the participant previously received a lump sum
                    distribution of part of his accrued benefit, the single-life
                    actuarial equivalent as of the Pension Commencement Date of
                    the sum of (a) the percentage of the participant's accrued
                    benefit that was not previously cashed-out multiplied by the
                    participant's Cash Balance Account under the Plan or the
                    Prior Plan at the prior Pension Commencement Date, increased
                    with Interest Credits (but not Pay Credits) since the prior
                    distribution, plus (b) the sum of the Pay Credits and
                    Interest Credits that have been credited to the
                    participant's Cash Balance Account under the Plan or the
                    Prior Plan since the participant's rehire date.

               (iii) If the participant is a Former Bell Atlantic Employee who
          has continued to receive annuity payments during his period of
          reemployment, the benefit payable to the participant in the form of a
          single life annuity following

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          his subsequent termination of employment with all Affiliates, under
          any annuity-based formula described in Article VI-A that is applicable
          to the participant, shall be reduced by the amount of the single life
          annuity on which the annuity payments are based.

               (iv) In a case in which a participant has a series of events
          involving terminations and reemployments or changes in coverage among
          this Plan, a Prior Plan or any other defined benefit pension plan
          maintained by an Affiliate, and the effect of such series of events is
          not specifically covered under this subsection (e), the Pension of
          such participant shall be determined in a manner consistent with the
          provisions of this subsection (e).

               (v) Notwithstanding the adjustments described in this subsection
          (e), the periodic amount of a rehired Employee's Pension payable on a
          Pension Commencement Date following his subsequent termination of
          employment shall not be less than the periodic amount of the Pension
          payable in the same form to which he was entitled under the Plan or a
          Prior Plan, as applicable, including the provisions of any enhanced
          retirement program, when he initially Retired.

     7.4 Provision of Necessary Information. The Committee may request an
Employee, former Employee, Retired Employee, or Beneficiary to furnish it with
such information as it considers reasonably necessary or appropriate for the
proper administration of the Plan or the payment of a Pension. In the event that
an Employee, former Employee, Retired Employee, or Beneficiary fails to furnish
any such information that is necessary to the calculation or payment of a
Pension and that is not reasonably available from alternative sources, the
Committee shall withhold payment of the Pension until the information is
provided.

     7.5 Transfer Between Affiliates. Any Employee whose employment is
transferred from one Affiliate to another Affiliate shall not by reason of such
transfer be eligible for Early Retirement or a Deferred Vested Pension or Vested
Pension under this Plan. However, upon the conclusion of the Employee's
employment with the Affiliates, he shall be entitled to the Pension, if any, for
which he is eligible on the basis of his Average Annual Compensation, Vesting
Service, Accredited Service, Net Credited Service and Pension Accrual Service at
that time, calculated in accordance with the provisions of this Plan.

     7.6 Mandatory Lump Sum Distribution of Small Benefits.

          (a) If a former Employee is entitled to a Deferred Vested Pension or a
     Vested Pension and the actuarial present value of such Pension does not
     exceed $3,500 the former Employee shall receive such Pension as soon as
     administratively practicable in the form of a lump sum payment equal to the
     actuarial present value of the Pension otherwise payable to him under the
     Plan. If a Spouse is entitled to a Spouse's Pension, or a Beneficiary is
     entitled to a Pre-Retirement Death Benefit, and the actuarial present value
     of such Spouse's Pension or Pre-Retirement Death Benefit does not exceed
     $3,500, the Spouse shall receive such Spouse's Pension, or the Beneficiary
     shall receive such Pre-Retirement Death Benefit in the form of a lump sum
     payment equal to the actuarial present value of the Spouse's Pension
     otherwise payable to the Spouse, or the Pre-Retirement Death Benefit
     otherwise payable to the Beneficiary, under the Plan.

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          (b) For purposes of subsection (a), above, the actuarial present value
     of a Deferred Vested Pension, Vested Pension, Spouse's Pension or
     Pre-Retirement Death Benefit shall be determined as described in Exhibit A.

          (c) If a participant has a Separation From Service Date before the
     participant has earned a nonforfeitable right to a Pension, the participant
     shall be deemed to have received a distribution of his entire
     nonforfeitable accrued benefit of zero dollars as of his Separation From
     Service Date, and the accrued benefit shall be cancelled. If a participant
     described in the immediately preceding sentence resumes employment with an
     Affiliate at a later date, he shall be deemed to have repaid to the Plan
     the prior payment of zero dollars and his accrued benefit shall be restored
     on the date he resumes employment.

     7.7 Minimum Distributions Required Under Code Section 401(a)(9). The
following subsections limit the timing of Pension distributions under the Plan:

          (a) Any Pension that is payable to a participant hereunder shall be
     distributed or commence not later than the participant's Required Starting
     Date. The Pension shall be distributed, in accordance with section
     401(a)(9) of the Code (including the incidental benefit rules applicable
     thereunder),

               (i) in a lump sum (to the extent otherwise permitted under the
          Plan, including, without limitation, under Section 6A.6(b) or 7.6),

               (ii) over the life of the participant,

               (iii) over the lives of the participant and the participant's
          Beneficiary,

               (iv) over a period not extending beyond the participant's life
          expectancy, or

               (v) over a period not extending beyond the joint and last
          survivor expectancy of the participant and the participant's
          Beneficiary.

     If the participant's entire interest is to be distributed over a period of
     more than one year, then the amount to be distributed each year shall be no
     less than the amount prescribed under section 401(a)(9) of the Code.

          (b) If the distribution of the participant's Pension has commenced in
     conformity with subsection (a), above, and the participant dies before his
     entire Pension has been distributed to him, the remaining portion of his
     Pension shall be distributed to his Beneficiary at least as rapidly as
     under the method of distribution that was in effect as of the date of the
     participant's death.

          (c) Subject to subsection (d), below, if the participant dies before
     distribution of his Pension has commenced, any Pension that is payable
     under the terms of the Plan shall be distributed within five years after
     the participant's death.

          (d) Subsection (c), above, shall not apply to:

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               (i) any portion of the participant's Pension payable to (or for
          the benefit of) a Beneficiary that is distributed (in accordance with
          section 401(a)(9) of the Code) over the Beneficiary's life (or a
          period not extending beyond his life expectancy) commencing within one
          year after the date of the participant's death (or such later date as
          may be prescribed under section 401(a)(9) of the Code), or

               (ii) any portion of the participant's Pension payable to his
          Spouse that is distributed over the Spouse's life (or a period not
          extending beyond the Spouse's life expectancy) commencing no later
          than the date on which the participant would have attained age 70 1/2;
          provided that if the Spouse dies before payments to such Spouse begin,
          subsections (c) and (d) shall apply as if the Spouse were the
          participant; and further provided that any amount paid to the child of
          the participant shall be treated as if it had been paid to the Spouse
          of the participant if such amount is payable to the Spouse upon such
          child's reaching majority (or such other event as may be prescribed by
          the regulations under section 401(a)(9) of the Code).

          (e) For purposes of this Section 7.7, the life expectancy of the
     participant and his Spouse shall be recomputed on an annual basis, but the
     life expectancy of any non-spouse Beneficiary shall be computed only on the
     date as of which the distribution commences.

          (f) This Section 7.7 shall apply notwithstanding any other provision
     of the Plan. The sole purpose of this Section 7.7 is to limit the manner in
     which the benefit payments may be made under the Plan in accordance with
     section 401(a)(9) of the Code. This Section 7.7 does not confer any rights
     or benefits upon any participant, Spouse, Beneficiary, or any other person.

          (g) This Section 7.7 shall not apply to any method of distribution
     designated in writing by a participant under the terms of the Plan or a
     Prior Plan before January 1, 1984, in accordance with section 242(b)(2) of
     the Tax Equity and Fiscal Responsibility Act of 1982 (as in effect before
     the amendments made by the Tax Reform Act of 1984).

          (h) Any participant who does not elect a form of distribution before
     his distribution is required to commence under this Section 7.7 shall
     receive the distribution in the form provided for under Section 6A.5(a).

          (i) Notwithstanding anything in subsection (a) through (h) to the
     contrary, the following rules shall apply to participants who reach age
     70-1/2 in 2001 or later while employed by an Affiliate:

               (i) Pension Commencement Date. Distribution of the Pension of a
          participant described in this subsection (i) shall begin with a
          Pension Commencement Date no later than January 1 of the calendar year
          following the calendar year in which the participant attains age
          70-1/2, or acquires a nonforfeitable right to Pension, if later, and
          the balance of the participant's Cash Balance Account, if any, shall
          be set to zero as of such Pension Commencement Date.

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                                                                     Article V1I
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<PAGE>

               (ii) Form of Payment. A Participant may elect to have payment
          made in any payment form available to the participant under Section
          6A.5 or 6A.6 as of his Pension Commencement Date. If the Participant
          fails to elect to receive payment in a particular payment form, the
          participant shall receive distribution in the form provided for under
          Section 6A.5(a).

               (iii) Amount of Payment and Adjustment for Additional Accruals.
          The benefit paid to the participant as of the Pension Commencement
          Date described in paragraph (i) shall be determined based on the
          participant's accrued benefit under the Plan or the applicable Prior
          Plan as of the December 31 immediately prior to such Pension
          Commencement Date. If, as of any subsequent January 1, the participant
          is still an employee of an Affiliate, the Plan administrator shall
          commence a distribution, as of such January 1, of any additional
          amounts accrued by the participant after the preceding January 1, in
          the same optional payment form applicable to prior distributions. An
          adjustment similar to that described in the preceding sentence shall
          be made as of the day following the participant's termination of
          employment with all Affiliates.

     7.8 Early Commencement Election. Notwithstanding any other provision in the
Plan, and subject to the provisions of Section 6A.5 and Section 7.6, the
participant (or his Spouse, in the case of a Spouse's Pension or a
Pre-Retirement Death Benefit) may elect a Pension Commencement Date that
precedes the normal Pension Commencement Date if he is otherwise eligible to do
so under the terms of the Plan. The election shall be in writing, in a form
acceptable to the Committee, and executed and filed with the Committee during
the 90-day period ending on the Pension Commencement Date (or during such other
period permitted or required by law).

     7.9 Required Commencement. Subject to Plan provisions which require an
earlier distribution, unless the participant elects a later date (by failing to
make application for benefits or otherwise), payment of a participant's Pension
under the Plan shall commence no later than sixty (60) days after the close of
the Plan Year in which the latest of the following events occurs: (a) the
participant attains the earlier of age 65 or Normal Retirement Age, (b) the 10th
anniversary of the year in which the participant commenced participation in the
Plan occurs, or (c) the participant terminates employment with all Affiliates.

     7.10 Settlement of Claims or Litigation. Benefits payable from the Plan
shall include benefits required to be paid pursuant to the terms of an agreement
relating to settlement of a claim or lawsuit with respect to a participant's or
beneficiary's entitlement to benefits under the Plan. Such benefits shall be
paid at such time and in such form, and shall be subject to such limits, as
apply to other similar benefits provided by the Plan.

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Restated January 1, 2002
                                                                     Article V1I
                                                                         Page 83
<PAGE>

                                  ARTICLE VIII

                                     FUNDING

     8.1 Establishment of Pension Fund. The Company, with the approval of the
Board, shall establish a Pension Fund for the purpose of funding the Pensions
under the Plan. The Pension Fund shall consist of one or more Trust Funds and/or
one or more arrangements with insurance companies for the funding of Pensions.

     8.2 Trust Agreement. Each Trust Fund shall be established and maintained
pursuant to a Trust Agreement that contains such provisions as the Company shall
determine. The terms of each Trust Agreement are hereby incorporated into and
made a part of the Plan.

     8.3 Insurance Arrangements. Each arrangement with an insurance company
shall be established and maintained pursuant to a written contract or policy
between the Company and an insurance company qualified to do business in a
State, which shall contain such provisions as the Company shall determine.

     8.4 Contributions. The Company intends to make contributions to the Pension
Fund sufficient to comply with the minimum funding standards imposed by the
Code. The Company's contributions shall be determined annually, or more
frequently, by the Board. Each contribution made to the Plan shall be made on
the condition that it is currently deductible under section 404 of the Code for
the taxable year with respect to which the contribution is made and without
regard to any subsequent amendment improving benefits under the Plan.

     8.5 Exclusive Benefit. Except as provided in this Section 8.5 and in
Sections 8.6 and 9.6, all Company contributions to the Pension Fund and all
property of the Pension Fund, including income from investments and other
sources, shall be used for the exclusive benefit of Employees, Retired
Employees, former Employees, and Beneficiaries and shall be used to provide
benefits under the Plan and to pay the reasonable expenses of administering the
Plan and the Pension Fund, except to the extent that such expenses are paid by
the Company. Any forfeitures arising under the Plan shall be applied to reduce
the Company's contributions to the Pension Fund and shall not be used to
increase the Pension or other benefit that any Employee, Retired Employee,
former Employee, or Beneficiary would otherwise be entitled to receive under the
Plan. Except as provided in Section 8.6, it shall be impossible at any time
before the satisfaction of all liabilities under the Plan for any portion of the
Pension Fund to be used for, or diverted to, purposes other than the exclusive
benefit of Employees, Retired Employees, former Employees, and Beneficiaries;
provided, however, that after all liabilities under the Plan have been
satisfied, any assets remaining in the Pension Fund that are attributable to
erroneous actuarial computations shall be distributed to the Company, except as
otherwise required by section 4044(d)(3)(A) of ERISA.

     8.6 Return of Contributions. Notwithstanding any other provisions of the
Plan, the Company shall be entitled upon request to the return of any
contribution made to the Pension Fund (adjusted, in the case of any contribution
described in subsection (a) or (c), below, to reflect any investment losses
allocable thereto, but not to reflect any investment gains allocable thereto):

          (a) within one year after the payment of the contribution, in the case
     of a contribution made by mistake of fact;

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Restated January 1, 2002
                                                                     Article V1I
                                                                         Page 84
<PAGE>

          (b) within one year after the date of denial of the Plan's initial
     qualification, if the contribution is conditioned on initial qualification
     of the Plan under section 401(a) of the Code; or

          (c) within one year after the disallowance of the deduction, to the
     extent the deduction is disallowed, if the contribution is conditioned on
     the deductibility of the contribution under section 404 of the Code.

     8.7 Post-Retirement Health Benefits. Post-retirement health benefits
previously funded under the Enterprises Plan may be paid under this Section, in
the manner provided under Code section 401(h), to any former Enterprises Plan
participant who is receiving benefits under this Plan, and, if applicable, to
the spouse and dependents of such participant. This provision does not obligate
the Company to maintain its post-retirement health plans, and the Company shall
retain the same ability to amend or terminate such post-retirement health plans
as if this Section 8.7 did not exist.

          (a) Terms of Health Plans Are Applicable. Any person claiming
     post-retirement health benefits under this Plan must meet all requirements
     imposed in the post-retirement health plans maintained by the applicable
     Company. All determinations of benefit levels and eligibility for benefits
     shall be made pursuant to the terms of such post-retirement health plans.

          (b) Benefits Provided.

               (i) Funds May Be Used for Any Medical Benefits. Benefits under
          this Section shall initially be limited to premium payments for
          Medicare Part B coverage; provided, however, that at the election of
          the Committee, payment of any sickness, accident, hospitalization, or
          other medical expense (as defined for purposes of section 213 of the
          Code) of eligible employees, spouses and dependents shall be
          permitted. Benefits under this Section may, in the discretion of the
          Treasurer of Verizon, include any covered benefit under any
          post-retirement health benefit plan of the Company which constitutes a
          "medical expense" (within the meaning of Code section 213) for
          eligible employees or their covered dependents.

               (ii) Benefits May Be Self-Insured or Insured. Benefits under this
          Section shall be provided using any method or combination of methods
          as the Committee shall deem appropriate, including, but not limited
          to, purchase of insurance and the payment of premiums for such
          insurance, direct reimbursement of costs incurred by the person
          providing such benefits or reimbursement to the individual to whom
          such benefits were provided.

               (iii) No Discrimination in Favor of Officers or
          Highly-Compensated Employees. Benefits and coverage under this Section
          shall not be discriminatory in favor of officers, shareholders,
          supervisory employees or highly compensated employees.

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Restated January 1, 2002
                                                                     Article V1I
                                                                         Page 85
<PAGE>

          (c) Establishment of Accounts.

               (i) Separate Account. A separate account shall be maintained with
          respect to contributions to fund benefits under this Section. This
          account is to be maintained for accounting purposes only. Funds
          accounted for in such account may be invested on a commingled basis
          with pension benefit contributions under this Plan without
          identification of which investments are allocable to each account,
          provided that earnings on all Plan assets are allocated in a
          reasonable manner.

               (ii) If Top Heavy Rules Apply. With respect to each Key Employee,
          as defined in Article XV of the Plan, a separate account shall be
          maintained for post-retirement health benefits payable to such Key
          Employee and, if applicable, the Key Employee's spouse and dependents.
          Benefits under this Section (to the extent attributable to Plan Years
          for which the individual is a Key Employee) shall be payable to such
          Key Employee, spouse and dependents only from such account. The
          separate account maintained under this paragraph shall be a true
          separate account, and not maintained merely for accounting purposes.
          Commingling of assets held in such account with any other Plan assets
          is not permitted. For purposes of section 415 of the Code,
          contributions allocated to any separate account under this paragraph
          shall be treated as an annual addition to a defined contribution plan.

          (d) Funding.

               (i) May Be Contributory or Non-Contributory. Contributions to
          provide benefits under this Section shall be non-contributory, but the
          Committee has the discretion to amend this Plan at any time to provide
          that any such contributions may be contributory, in accordance with
          the terms of the post-retirement health plan maintained by the
          Company.

               (ii) Reasonable and Ascertainable. Amounts contributed to fund
          post-retirement health benefits shall be reasonable and ascertainable.
          The total amount contributed to fund post-retirement health benefits
          under this Section shall not exceed the cost of providing such
          benefits. The total cost of providing such benefits shall be
          determined in accordance with a generally accepted actuarial method
          selected by the Committee which is reasonable in view of the
          provisions and coverage of the Plan, the funding medium and other
          relevant considerations, including, but not limited to, applicable
          Treasury regulations. For purposes of determining the cost of provided
          post-retirement health benefits, the actuarial method may take into
          account reasonable projected increases in the cost of providing health
          benefits.

               (iii) Incidental and Subordinate to Pension Benefits.
          Post-retirement health benefits provided under this Section, when
          added to life insurance protection provided under the Plan, shall be
          incidental and subordinate to pension benefits provided under the
          Plan. For purposes of this Section, post-retirement health benefits
          shall be considered incidental and subordinate if the aggregate of the
          actual contributions for post-retirement health benefits provided
          under this Section and under the Enterprises Plan plus the actual
          contributions for life insurance protection under the Enterprises Plan
          prior to

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Restated January 1, 2002
                                                                     Article V1I
                                                                         Page 86
<PAGE>

          December 1, 2001 and under this Plan on or after December 1, 2001 does
          not exceed 25 percent of the total contributions (other than for past
          service credit) made to the Enterprises Plan after 1989 and before
          December 1, 2001 and the Plan after November 30, 2001 (other than for
          past service credit).

               (iv) No Diversion to Other Purposes. Until the satisfaction of
          all liabilities to be provided under this Section, neither amounts
          contributed to fund post-retirement health benefits under this Section
          nor earnings thereon shall be used for or diverted to any purpose
          other than providing such benefits or payment of necessary or
          appropriate expenses attributable to the administration of
          post-retirement health accounts under this Section. Any amounts
          contributed to fund health benefits under this Section 8.7 remaining
          in a post-retirement health account after the satisfaction of all
          liabilities arising under this Section 8.7 must be returned to the
          appropriate Company.

               (v) No Obligation to Pay Benefits in Excess of Funded Assets.
          Nothing in this Section shall obligate the Company to pay benefits
          described in this Section to the extent those benefits exceed assets
          contributed to the Trust Fund to provide post-retirement health
          benefits under this Section 8.7. Furthermore, nothing in this Section
          8.7 shall imply that amounts contributed to the Trust Fund to provide
          pension or other benefits (other than post-retirement health benefits)
          available under the Plan will be used to provide post-retirement
          health benefits under this Section.

               (vi) Forfeitures. In the event an individual's interest in the
          account maintained under this Section is forfeited prior to
          termination of the Plan, an amount equal to the forfeiture must be
          applied to reduce Company contributions to fund the benefits described
          in this Section.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article V1I
                                                                         Page 87
<PAGE>

                                   ARTICLE IX

                           FIDUCIARY RESPONSIBILITIES
                            AND PLAN ADMINISTRATION

     9.1 Allocation of Fiduciary Responsibilities. Fiduciary responsibilities in
connection with the Plan shall be allocated in accordance with the provisions of
this Article IX and shall be carried out in accordance with the Plan and
applicable law. It is intended that, to the extent permitted by applicable law,
each fiduciary shall be obligated to discharge only the responsibilities
assigned to him and that he shall not be charged with the responsibilities
assigned to any other fiduciary.

     9.2 Employee Benefits Committee.

          (a) Effective April 2, 2001, the Bell Atlantic Corporate Employees'
     Benefits Committee ("CEBC") and the GTE Employee Benefits Committee ("EBC")
     were merged to form the Verizon Employee Benefits Committee ("VEBC"). The
     powers, authority, responsibilities and discretion of the Chairperson of
     the VEBC shall include those previously held by the Chairperson of the CEBC
     and EBC.

          (b) The most senior Human Resources officer of Verizon shall serve as
     the Chairperson of the VEBC. The VEBC shall consist of not less than three
     or more than 11 persons to be appointed by and serve at the pleasure of the
     Board of Directors of Verizon Corporate Services Group Inc. or the
     Chairperson of the VEBC.

     9.3 Committee Action by Majority Vote. The Employee Benefits Committee may
act, with or without a meeting, by a vote of a majority of its members then in
office. In addition, the chairperson of the Employee Benefits Committee has full
authority to act on behalf of the Committee.

     9.4 Plan Administrator. The Employee Benefits Committee shall be the Plan
administrator and shall be responsible for the administration of the Plan. In
addition to any implied powers that may be necessary or appropriate to the
conduct of its affairs, the Committee shall have the following powers, including
the discretionary power:

          (a) to make and enforce such rules and regulations as it shall
     determine to be necessary or proper for the administration of the Plan;

          (b) to interpret the Plan and to decide all matters arising
     thereunder, including the right to remedy possible ambiguities,
     inconsistencies, and omissions;

          (c) to determine the right of any person to benefits under the Plan
     and the amount of such benefits;

          (d) to issue instructions to a Trustee or insurance company to make
     disbursements from the Pension Fund, and to make any other arrangement
     necessary or appropriate to provide for the orderly payment and delivery of
     disbursements from the Pension Fund;

          (e) to delegate to other persons (including relevant persons on the
     Company's or Verizon's Human Resources staff) such of its responsibilities
     as it may determine;

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                                                                      Article IX
                                                                         Page 88
<PAGE>

          (f) to retain an Enrolled Actuary;

          (g) to employ suitable agents, actuaries, auditors, legal counsel, and
     other advisers as it may determine;

          (h) to allocate among its members such of its responsibilities as it
     may determine; and

          (i) to prepare, file, and distribute such forms, statements,
     descriptions, returns, and reports relating to the Plan as may be required
     by law.

(The chairperson of the Employee Benefits Committee shall have the authority to
(i) designate a chairperson of an appeals committee to hear ERISA benefit
appeals and to define the scope of that chairperson's responsibilities and
authority with respect to such committee and benefit claims in general and (ii)
designate various employees within the Company and its Affiliates to carry out
the administrative responsibilities relating to the Plan. The chairperson of the
Employee Benefits Committee has delegated ERISA claims and appeals
responsibility to the Verizon Claims Review Committee. The chairperson of the
Verizon Claims Review Committee has, in turn, delegated initial claims
responsibility to the Pension Plan Administrator, which consists of the Benefits
Center Claims Review Unit and/or certain subject matter experts within Verizon's
Human Resources Department, but only to the extent that the Verizon Claims
Review Committee has determined it will not decide the initial claim itself.)

     9.5 Committee Reliance on Professional Advice. The Committee is authorized
to obtain, and act on the basis of, tables, valuations, certificates, opinions,
and reports furnished by an Enrolled Actuary, accountant, legal counsel, or
other advisers.

     9.6 Plan Administration Expenses. All reasonable expenses of administering
the Plan (including, without limitation, the expenses of the Employee Benefits
Committee) shall be paid out of the assets of the Pension Fund, except to the
extent paid by the Company without request by the Company for reimbursement from
the Pension Fund.

     9.7 Responsibilities of Trustees. Each Trustee shall be responsible for the
custody of the assets assigned to it, making disbursements at the order of the
Employee Benefits Committee, and accounting for all receipts and disbursements
with respect to the Plan.

     9.8 Investment Management by Trustee. Each Trustee shall be responsible for
managing the investment of the portion of the Pension Fund in its custody, or
any part thereof, when directed to do so in accordance with the terms of the
Trust Agreement.

     9.9 Allocation of Investment Management Responsibilities. Whether
investment of the Plan assets held by a Trustee shall be managed by the Trustee,
or by one or more investment managers, or whether both the Trustee and one or
more investment managers are to participate in investment management and, if so,
how investment responsibility is to be divided shall be determined in accordance
with the Trust Agreement.

     9.10 Appointment and Removal of Investment Managers. The appointment or
removal of any investment manager shall be accomplished in accordance with the
Trust

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Restated January 1, 2002
                                                                      Article IX
                                                                         Page 89
<PAGE>

Agreement. Each investment manager shall be responsible for managing the
investment of such portion of the Pension Fund as shall be placed under its
management pursuant to any investment management agreement entered into in
accordance with the Trust Agreement.

     9.11 Ascertainment of Plan Financial Needs. The pension finance group of
Verizon shall have the sole fiduciary responsibility for periodically
ascertaining the financial needs of the Plan, including the Plan's liquidity
needs, and shall convey the pertinent information to the Trustee and/or
investment managers responsible for managing the investments of the Pension
Fund.

     9.12 Delegation of Company's Duties. Verizon Corporate Services Group Inc.
or Verizon shall designate such of its officers or other employees as it shall
consider appropriate to carry out its duties under the foregoing Sections 9.8,
9.9, 9.10 and 9.11.

     9.13 Benefit Claim Procedure.

          (a) If an individual is denied any benefits (in whole or in part) to
     which he believes he is entitled under the Plan, he may file a claim for
     benefits as set forth herein. Any claim for benefits under the Plan shall
     be delivered in writing by the claimant to the Pension Plan Administrator
     designated by the Committee, by the chairperson of the Employee Benefits
     Committee, or the chairperson of the Verizon Claims Review Committee. The
     claim shall identify the benefits requested and shall include a statement
     of the reasons why the benefits should be granted. The Pension Plan
     Administrator shall grant or deny the claim. If the claim is denied in
     whole or in part, the Pension Plan Administrator shall give written notice
     to the claimant, setting forth: (i) the reasons for the denial, (ii)
     specific reference to pertinent Plan provisions on which the denial is
     based, (iii) a description of any additional material or information
     necessary for the perfection of the claim and an explanation of why such
     material or information is necessary, (iv) an explanation of the Plan's
     claim review procedure, and (v) the time limits applicable to the Plan's
     claim review procedure, including a statement of the claimant's right to
     bring a civil action under section 502(a) of ERISA following an adverse
     determination upon review. The notice described in the preceding sentence
     shall be furnished to the claimant within a period of time not exceeding 90
     days after receipt of the claim; except that such period of time may be
     extended, if special circumstances should require, for an additional 90
     days commencing at the end of the initial 90-day period. Written notice of
     such an extension shall be given to the claimant before the expiration of
     the initial 90-day period and shall indicate the special circumstances
     requiring the extension and the date by which the final decision is
     expected to be rendered. In exercising its responsibilities pursuant to
     this Section 9.13, the Pension Plan Administrator shall have the
     discretionary power to interpret the Plan and to decide all matters arising
     thereunder, including the right to remedy possible ambiguities,
     inconsistencies, and omissions.

          (b) A claimant who has been denied a claim for benefits, in whole or
     in part, may, within a period of 60 days after receipt of notice thereof,
     request a review of such denial by filing a written notice of appeal with
     the Verizon Claims Review Committee (the "VCRC"). In connection with an
     appeal, the claimant (or his duly authorized representative) may review
     documents and other information relevant to the claim (copies of which
     shall be provided free of charge upon request) and may submit evidence and
     arguments in writing to the VCRC. The VCRC shall decide the

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Restated January 1, 2002
                                                                      Article IX
                                                                         Page 90
<PAGE>

     questions presented by the appeal, either with or without holding a
     hearing, and shall issue to the claimant a written notice setting forth:
     (i) the specific reasons for the decision, (ii) the specific reference to
     pertinent Plan provisions on which the decision is based, (iii) a statement
     that the claimant is entitled to receive, upon request and free of charge,
     reasonable access to, and copies of, all documents, records, and other
     information relevant to the claim, and (iv) a statement of the claimant's
     right to bring an action under section 502(a) of ERISA. The notice
     described in the preceding sentence shall be issued within a period of time
     not exceeding 60 days after receipt of the request for review; except that
     such period of time may be extended, if special circumstances (including,
     but not limited to, the need to hold a hearing) should require, for an
     additional 60 days commencing at the end of the initial 60-day period.
     Written notice of such an extension shall be provided to the claimant
     before the expiration of the initial 60-day period and shall indicate the
     special circumstances requiring the extension and the date by which the
     decision on review is expected to be rendered. The decision of the VCRC
     shall be final and conclusive.

          (c) Notwithstanding the foregoing provisions of this Section 9.13, the
     Plan shall process claims for benefits in accordance with the requirements
     of Department of Labor regulations section 2560.503-1.

     9.14 QDRO Procedures. A delegate of the Committee within the Verizon Human
Resources Department shall establish written procedures to determine the
qualified status of domestic relations orders and to administer distributions
under Qualified Domestic Relations Orders. Such procedures shall be consistent
with any regulations prescribed under section 206(d) of ERISA. In the case of
any domestic relations order received by the Plan on or after January 1, 1985,
such delegate shall promptly notify the participant and any other alternate
payee (as defined in section 206(d)(3)(K) of ERISA) of the receipt of such order
and the procedures for determining the qualified status of domestic relations
orders. Within a reasonable period after receipt of such order, the Committee's
delegate shall determine whether such order is qualified and shall notify the
participant and each alternate payee of such determination. During any period in
which the qualified status of a domestic relations order is being determined (by
the Committee's delegate, by a court, or otherwise), the Committee's delegate
shall direct the Trustee to account separately for the amounts that would have
been payable to each alternate payee if the order had been determined to be a
Qualified Domestic Relations Order. If within 18 months of the receipt of the
order, the order (or modification thereof) is determined to be a Qualified
Domestic Relations Order, the Committee's delegate shall direct the Trustee to
pay the segregated amounts (plus any interest thereon) to the person or persons
entitled thereto. If within 18 months of the receipt of the order, it is
determined that the order is not qualified, or the issue as to whether the order
is qualified is not resolved, then the Committee's delegate shall direct the
Trustee to pay the segregated amounts (plus any interest thereon) to the person
or persons who would have been entitled to such amounts if there had been no
order. Any determination that an order is qualified that is made after the close
of the 18-month period shall be applied prospectively only.

     9.15 Service in Multiple Fiduciary Capacities. Any person or group of
persons may serve in more than one fiduciary capacity with respect to the Plan
in accordance with section 402(c)(1) of ERISA.

     9.16 Assistance Following Change in Control. After the date on which a
Change in Control occurs under Article XI-A, any participant or beneficiary may
apply to the trustee

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Restated January 1, 2002
                                                                      Article IX
                                                                         Page 91
<PAGE>

of the GTE Benefits Protection Trust for assistance (which may include without
limitation legal counsel and the institution of litigation) in enforcing his
rights and pursuing any claims he might have under the terms of the Plan;
provided that any participant or beneficiary who applies for such assistance
shall be subject to and bound by any limitations and conditions that said
trustee may impose. No participant or beneficiary shall be required to notify or
seek the assistance of said trustee as a condition of or prerequisite to the
filing of a claim under Section 9.13 or any other action that might be taken by
or on behalf of the participant or beneficiary in order to enforce his rights or
pursue his claims under the Plan, and the fees, expenses and costs that the
participant or beneficiary may incur in connection with any such other action
shall not be the responsibility of the GTE Benefits Protection Trust or the
trustee thereof.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article IX
                                                                         Page 92
<PAGE>

                                    ARTICLE X

                       COSPONSORSHIP OF PLAN BY AFFILIATES
                        AND MERGERS WITH AFFILIATE PLANS

     10.1 Cosponsorship of Plan by Affiliates. Any Affiliate may join in this
Plan as a cosponsor with the approval of an officer of the Company, an
Authorized Individual, or any Human Resources officer (vice president or above)
of Verizon. A list of the Affiliates that have become cosponsors of the Plan
pursuant to this Section 10.1, together with the respective effective dates of
their cosponsorship, shall be maintained by the Committee. Notwithstanding
anything in this Section 10.1 to the contrary, the following Affiliates shall
not be cosponsors of the Plan: (a) Verizon Avenue, (b) BBNT related companies
(including Verizon Technology Corporation, BBNT Solutions LLC, and Federal
Network Systems LLC), (c) any Affiliate that is a cosponsor of the Verizon
Management Pension Plan, and (d) any other Affiliate that has a benefit
structure that has been designed to not include the benefits described in the
Plan.

     10.2 Merger with Plan of Affiliate.

          (a) Any other pension or retirement plan, sponsored by an Affiliate,
     may be merged into this Plan, with this Plan as the surviving instrument,
     with the specific approval of the Board and, if applicable, the board of
     directors (or other governing body, if applicable) of the Affiliate.
     Thereupon, if the employer sponsoring the merged plan is an Affiliate, the
     Affiliate shall become a cosponsor of the Plan, included in the definition
     of Company hereunder. In any such case, the Plan shall remain a single plan
     with any and all of its assets derived from Company contributions
     (regardless of the entity to whose contributions such assets can be traced)
     available to pay the benefits of each participant and Beneficiary hereunder
     and any other liabilities of the Plan.

          (b) The assets of the merged plan shall be transferred to the Trustee
     and be assets of the Plan, and the liabilities of the merged plan shall be
     liabilities of the Plan.

          (c) Each participant in the merged plan shall become a participant in
     the Plan on the merger date, with accrued or vested benefits under the Plan
     equal to his accrued or vested benefits under the merged plan, and
     thereafter shall continue to participate in the Plan in accordance with its
     terms.

          (d) It is the intention, and it shall be the effect, of this Section
     10.2 that any merger of a plan into this Plan be carried out in accordance
     with Section 11.3.

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Restated January 1, 2002
                                                                       Article X
                                                                         Page 93
<PAGE>

                                   ARTICLE XI

                             DURATION AND AMENDMENT

     11.1 Reservation of Right to Suspend or Terminate Plan. Except as otherwise
provided herein, while it is the intention of the Company that the Plan shall
remain in effect indefinitely, the Board reserves the right to suspend or
terminate the Plan in whole or in part, at any time and from time to time, and
for any reason whatsoever that in the Board's sole discretion appears to it to
make such action advisable. For purposes of this Section 11.1, the term "Board"
shall mean the Board as defined in Article II or the Board of Directors of
Verizon.

     11.2 Reservation of Right to Amend Plan. Except as otherwise provided
herein, the Plan may be amended in accordance with the procedures set forth in
this Section 11.2. The Board by duly adopted written resolution or by unanimous
written consent may modify or amend the Plan in whole or in part, prospectively
or retroactively, at any time and from time to time. The Board by duly adopted
written resolution or by unanimous written consent may delegate the power to so
modify or amend the Plan to one or more officers or employees of the Company or
Verizon, subject to such conditions as the Board may in its sole discretion
impose. (The Board has delegated to the most senior Human Resources officer of
Verizon the authority to amend the Plan in all respects, except for material
plan amendments that would alter the basic pension formula and that would have a
material impact on the funding of the Plan.) Notwithstanding the foregoing, and
without the necessity of a delegation of authority from the Board, the Chief
ERISA Counsel of Verizon may adopt any amendment or modification to the Plan
that is, in the opinion of such Chief ERISA Counsel, necessary or appropriate to
comply with applicable laws and regulations, including without limitation ERISA
and the Code. The Plan also may be amended in accordance with the procedures set
forth in Sections 4.10 and Section 4A.5(c) or any Schedule. Individuals with
authority to amend may take all actions necessary or appropriate to implement or
effectuate any amendment or modification to the Plan described herein. Any
modification or amendment of the Plan by one or more such individuals (including
without limitation the Chief ERISA Counsel) shall be adopted by a written
instrument executed by such individual or individuals. Notwithstanding the
foregoing, no amendment shall reduce any benefit, that is accrued or treated as
accrued under section 411(d)(6) of the Code, of any participant, or the
percentage (if any) of such benefit that is vested, on the later of the date on
which the amendment is adopted or the date on which the amendment becomes
effective. For purposes of this Section 11.2, the term "Board" shall mean the
Board as defined in Article II or the Board of Directors of Verizon.

     11.3 Transactions Subject to Code Section 414(l). Except as otherwise
provided herein, the Plan may be merged into or consolidated with another plan,
and its assets or liabilities may be transferred to another plan. However, to
the extent that section 401(a)(12) or 414(l) of the Code is applicable and in
accordance therewith, no such merger, consolidation, or transfer shall be
consummated unless each Employee, Retired Employee, former Employee, and
Beneficiary under the Plan would, if the resulting plan then terminated, receive
a benefit immediately after the merger, consolidation, or transfer that is equal
to or greater than the benefit he would have been entitled to receive
immediately before the merger, consolidation, or transfer, if the Plan had then
terminated; provided that the foregoing provisions of this Section 11.3 shall
not apply if such alternative requirements as may be imposed by the regulations
under section 414(l) of the Code are satisfied. For purposes of the preceding
sentence, the benefit of an Employee, Retired Employee, former Employee, or

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article XI
                                                                         Page 94
<PAGE>

Beneficiary upon the deemed termination of a plan shall be determined without
regard to any requirement under Title IV of ERISA or otherwise that (a) the
employer or any other person make additional contributions to the plan in
connection with its termination, or (b) any assets of the plan attributable to
employee contributions remaining after satisfaction of all liabilities described
in section 4044(a) of ERISA be distributed to participants pursuant to section
4044(d)(3) of ERISA. Any liability transferred from the Plan to another plan
pursuant to this Section 11.3 shall result in the extinguishment of such
liability hereunder immediately upon such transfer, and no benefit previously
payable under the Plan on account of such liability shall be payable under the
Plan following such transfer.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article XI
                                                                         Page 95
<PAGE>

                                  ARTICLE XI-A

                          CHANGE IN CONTROL PROVISIONS

     11A.1 Change in Control On or After January 1, 2002. The following
provisions are effective for events occurring on or after January 1, 2002:

          (a) Definitions. The following definitions apply for purposes of this
     Section 11A.2:

               (i) "Change in Control" means the following:

                    (A) For purposes of the Plan, and except as provided in
               paragraph (B) hereof, a Change in Control shall occur if:

                         (I) Any Person becomes a beneficial owner (as
                    determined under Rule 13d-3 under the Securities Exchange
                    Act), or has the right to acquire beneficial ownership
                    within 60 days, through tender offer or otherwise, of shares
                    of one or more classes of stock of Verizon representing 20%
                    or more of the total voting power of Verizon's then
                    outstanding voting stock;

                         (II) Verizon and any Person consummate a merger,
                    consolidation, reorganization, or other business combination
                    ("Business Combination"); or

                         (III) The Board of Directors of Verizon adopts
                    resolutions authorizing the liquidation or dissolution, or
                    sale to any Person of all or substantially all of the assets
                    of Verizon.

                    (B) Notwithstanding the provisions of paragraph (A) hereof,
               a Change in Control shall not occur if:

                         (I) The voting stock of Verizon outstanding immediately
                    before the consummation of the transaction will represent no
                    less than 45% of the combined voting power entitled to vote
                    for the election of directors of the surviving parent
                    corporation immediately following the consummation of the
                    transaction;

                         (II) Members of the Incumbent Board will constitute at
                    least one-half of the board of directors of the surviving
                    parent corporation;

                         (III) The Chief Executive Officer or co-Chief Executive
                    Officer of Verizon will be the chief executive officer or
                    co-chief executive officer of the surviving parent
                    corporation; and

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XI-A
                                                                         Page 96
<PAGE>

                         (IV) The headquarters of the surviving parent
                    corporation will be located in New York, New York.

               (ii) "Change in Control Provisions" means the following
          provisions of the Plan: the definitions of "GTE Benefits Programs,"
          "GTE Benefits Protection Trust," and "Original Verizon Entities, " and
          the parenthetical phrase in the definition of "Residual Assets" in
          Article II; Section 9.16; the words "Except as otherwise provided
          herein," at the beginning of each of Sections 11.1, 11.2 and 11.3;
          this Section 11A.1; the proviso in Section 12.2(g); Section 12.2(h);
          the words "Except as otherwise provided in subsection (h) thereof," at
          the beginning of Section 12.3; and the second sentence of Section
          14.8.

               (iii) "Incumbent Board" means those persons who either (A) have
          been members of the Board of Directors of Verizon since June 30, 2000,
          or (B) are new directors whose election by the Board of Directors or
          nomination for election by the shareowners of Verizon was approved by
          a vote of at least three-fourths of the members of the Incumbent Board
          then in office who either were directors described in clause (A)
          hereof or whose election or nomination for election was previously so
          approved, but shall not include any director elected as a result of an
          actual or threatened solicitation of proxies by any Person.

               (iv) "Interested Party" means an individual, corporation,
          partnership, trust, estate, plan, or other entity (A) that bears a
          relationship to the Company or any Affiliate (as that term is defined
          for purposes of Section 11A.1(b) of the Plan) that would cause such
          individual, corporation, or other entity to be a "party in interest"
          (as defined in Title I of ERISA) with respect to an employee benefit
          plan covering employees of the Company or such Affiliate or (B) in
          which the Company or any such Affiliate has an interest of a nature
          that, if the Company or such Affiliate were a plan fiduciary, might
          affect the exercise of its best judgment as a fiduciary within the
          meaning of 29 C.F.R. ss. 2550.408b-2(e).

               (v) "Person" means any corporation, partnership, firm, joint
          venture, association, individual, trust, or other entity, but does not
          include Verizon or any of its wholly-owned or majority-owned
          subsidiaries, employee benefit plans or related trusts.

               (vi) "Securities Exchange Act" means the Securities Exchange Act
          of 1934, as amended and in effect from time to time.

          (b) Plan Transactions Following Change in Control. Notwithstanding the
     provisions of Article XI, and except as otherwise provided in this Section
     11A.1(b) or in Section 12.2(h), for the five-year period beginning on the
     date on which a Change in Control occurs, there shall be no:

               (i) merger or consolidation of the Plan with any other plan;

               (ii) amendment or other modification of the benefit formula or
          any other provision of the Plan that would have the effect of reducing
          future benefit

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article IX-A
                                                                         Page 97
<PAGE>

          accruals or retirement subsidies under the Plan (including without
          limitation benefits that have been or otherwise would be accrued or
          earned before or after the amendment or other modification), except to
          the extent that such amendment or other modification is required by
          law or is required to preserve the qualification of the Plan under
          section 401(a) of the Code; or

               (iii) reversion, withdrawal, removal, transfer out of the Plan,
          or other use or inurement for the benefit of the Company, any
          Affiliate or any other Interested Party, of assets of the Plan (except
          for distributions or other applications of assets of the Plan to
          provide benefits under the Plan to Plan participants or beneficiaries,
          to defray the reasonable expenses of Plan administration, or to return
          a contribution to the Company to the extent that a deduction in
          respect of the contribution is disallowed, as provided in section
          403(c)(2)(C) of ERISA), whether or not such assets of the Plan
          constitute surplus, excess or residual assets, and whether or not such
          reversion, withdrawal, removal, transfer, or other use or inurement is
          permitted by law (including, without limitation, section 401(a) and
          the other plan qualification provisions of the Code), as amended from
          time to time.

     The provisions of this Section 11A.1(b) shall not prohibit any action
     described in subsections (i) through (iii) of this Section 11A.1(b), above,
     (w) that, before the date on which a Change in Control occurs, is
     specifically authorized or approved (or, in the case of an amendment or
     modification of the Plan, is adopted) by the Board, (x) to which the
     Company or the Plan has become contractually committed before the date on
     which a Change in Control occurs, (y) that is necessary or appropriate to
     enter into, to effectuate, or to implement a Corporate Transaction (as
     defined below) or a Plan Transaction (as defined below), or (z) that
     applies to the Plan (or any portion thereof) when the Plan (or such portion
     of the Plan) is not maintained by the Company. For purposes of this
     subsection, a 'Corporate Transaction' means any transaction or arrangement
     between the Company or a Related Entity (as defined below) and a party
     other than the Company or a Related Entity that alters the size,
     organization, or operation of all or part of any business conducted by the
     Company or a Related Entity, including but not limited to a merger or
     acquisition, a sale, spin-off, or other disposition, the formation or
     implementation of a joint venture, or the formation or implementation of an
     out-sourcing, employee-leasing, or shared-services arrangement; a 'Plan
     Transaction' means a transaction described in subsection (i) of this
     Section 11A.2(b), above, if, immediately after such transaction, the Plan
     and any other plan that results from such transaction, or to which a
     transfer or spin-off is made pursuant to such transaction, are sponsored by
     the Company or a Related Entity; and a 'Related Entity' means any entity
     that, pursuant to section 414(b) or (c) of the Code, is treated as part of
     a single employer that also includes the Company.

     For purposes of this Section 11A.1(b), the definition of 'Affiliate' in
     Article II shall be revised by ascribing to the terms 'controlled group of
     corporations' and 'common control,' as used in that definition, the meaning
     that would be ascribed to those terms if the phrase 'more than 50 percent'
     were substituted for the phrase 'at least 80 percent' in each place the
     latter phase appears in section 1563(a) of the Code.

          (c) Plan Amendments Following Change in Control Notwithstanding the
     provisions of Article XI or the foregoing provisions of this Article XI-A
     or any other provision of the Plan to the contrary, for the five-year
     period beginning on the date on which a Change in Control occurs, (i) the
     Change in Control Provisions may not in

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XI-A
                                                                         Page 98
<PAGE>

     any way be amended, modified, or suspended, directly or indirectly, and
     (ii) no other provision of the Plan may be amended, modified or suspended,
     directly or indirectly, in a manner that would alter the meaning or
     operation of the Change in Control Provisions or that would undermine or
     frustrate their purposes (including any amendment, modification or
     suspension (A) that results, directly or indirectly, from a transaction or
     event described in Section 11A.1(b), or (B) that is made during such
     five-year period or made subsequently and made retroactively effective for
     any period of time preceding the expiration of such five-year period, but
     excluding any amendment, modification or suspension (x) that is required in
     order to consummate or to give effect to an action described in Section
     11A.1(b)(i) through (iii), and that satisfies the requirements set forth in
     clause (w), (x), (y), or (z) of Section 11A.1(b), (y) that is required by
     law, or (z) that is required to preserve the qualification of the Plan
     under section 401(a) of the Code). The Change in Control Provisions may be
     amended or suspended at any time before the date on which a Change in
     Control occurs. Notwithstanding any other provision hereof to the contrary,
     if, while the Change in Control Provisions are in effect, a Change in
     Control occurs and the Plan is terminated on a date that occurs within the
     five-year period beginning on the date on which the Change in Control
     occurs, then (I) the Change in Control Provisions shall remain in effect
     and shall not thereafter be amended, modified or suspended and (II) nothing
     whatsoever shall prevent the fulfillment of the requirements and taking of
     the actions set forth in Section 12.2(h) in accordance with the provisions
     thereof, whether within, or following the expiration of, the five-year
     period beginning on the date on which the Change in Control occurs.

          (d) Scope of Change in Control Provisions. Notwithstanding any Plan
     provisions to the contrary, the Change in Control Provisions of this
     Section 11A.1 shall apply only to participants who as of the date on which
     a Change in Control occurs are active employees of the Company or an
     Affiliate, or beneficiaries of such participants.

     11A.2 Change in Control Before January 1, 2002. Notwithstanding any
provision in the Plan to the contrary, the change in control provisions that
were in effect under the Products Plan as of the change in control that occurred
on May 18, 1999 shall continue to apply through May 18, 2004 with respect to
individuals who were participants or beneficiaries in the Products Plan on May
18, 1999.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XI-A
                                                                         Page 99
<PAGE>

                                   ARTICLE XII

                        DISTRIBUTION OF THE PENSION FUND
                          UPON TERMINATION OF THE PLAN

     12.1 Vesting on Plan Termination. In case of a termination or partial
termination of the Plan, the rights of all affected Employees, Retired
Employees, and Beneficiaries to benefits accrued under the Plan to the date of
such termination or partial termination, to the extent then funded, shall be
nonforfeitable.

     12.2 Allocation of Assets on Plan Termination. Upon termination of the
Plan, the Committee shall allocate the Pension Fund in accordance with the
following priority schedule, after providing for reasonable Plan administration
expenses:

          (a) First, there shall be paid any portion of a participant's accrued
     benefits derived from any non-mandatory contributions by him to the Plan;

          (b) Second, there shall be paid any portion of a participant's accrued
     benefits derived from any mandatory contributions by him to the Plan;

          (c) Third, there shall be allocated to (i) the Pension of each Retired
     Employee (or Beneficiary) that was being paid on the date three years prior
     to the date of termination, and (ii) the Pension of each Employee (or
     former Employee or Beneficiary) that would have been in pay status three
     years prior to the date of termination if the Employee or former Employee
     had Retired prior to such earlier date and if his Pension had commenced (in
     the normal form of annuity under the Plan) as of the beginning of such
     three-year period, an amount that is sufficient to provide such Pension,
     payable from the date of termination based on the provisions of the Plan as
     in effect during the five-year period ending on such date and under which
     the Pension was or would have been the least;

          (d) Fourth, there shall be allocated to each Pension an amount that
     together with any amount allocated under subsection (c), above, is
     sufficient to provide the portion of the Pension that is guaranteed by the
     Pension Benefit Guaranty Corporation, as provided under Title IV of ERISA
     (without regard to sections 4022(b)(5) and 4022(b)(6) thereof);

          (e) Fifth, there shall be allocated to each Pension an amount that
     together with any amounts allocated under subsections (c) and (d), above,
     is sufficient to provide each such Pension, to the extent it is
     nonforfeitable;

          (f) Sixth, there shall be allocated to each Pension the amount that
     together with any amounts allocated under subsections (c) through (e),
     above, is sufficient to provide the accrued Pension on the date of the
     termination;

          (g) Seventh, after all liabilities of the Plan have been satisfied,
     any Residual Assets shall be distributed to the Company, except as
     otherwise required by section 4044(d)(3)(A) of ERISA, and provided that the
     date of the Plan termination does not occur within the five-year period
     beginning on the date on which a Change in Control occurs under Article
     XI-A.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XII
                                                                        Page 100
<PAGE>

          (h) If the date of the Plan termination occurs within the five-year
     period beginning on the date on which a Change in Control occurs under
     Article XI-A, then the Residual Assets shall not be distributed to the
     Company (except to the limited extent provided in the GTE Benefits
     Protection Trust), and instead shall be applied in accordance with
     paragraph (i) or (ii) of this subsection (h), whichever is applicable.

               (i) If the GTE Benefits Protection Trust is in effect on the
          first day on which all liabilities of the Plan are satisfied or on any
          date within 30-calendar days thereafter, the Residual Assets shall be
          transferred directly from the Pension Fund to the GTE Benefits
          Protection Trust and shall be applied in accordance with the
          provisions of the GTE Benefits Protection Trust. The direct transfer
          of the Residual Assets shall be effected at the earliest practicable
          time (and in any event not later than 30 calendar days) after the
          satisfaction of all liabilities of the Plan, and shall be effected
          automatically and directly by the Trustee without the necessity of
          further action by the Board, the Company, any officer or employee of
          the Company, or any other party.

               (ii) If the GTE Benefits Protection Trust is not in effect on the
          first day on which all liabilities of the Plan are satisfied or on any
          date within 30-calendar days thereafter, the "Net Residual Assets" (as
          defined in the GTE Benefits Protection Trust as last in effect prior
          to the date on which the Change in Control occurs) shall be applied
          directly and at the earliest practicable time for the exclusive
          purpose of providing benefits to participants and beneficiaries under
          the GTE Benefits Programs pursuant to the terms thereof and defraying
          the reasonable expenses of providing such benefits. The Net Residual
          Assets shall be so applied in the manner and in accordance with the
          priorities specified in the applicable provisions of the GTE Benefits
          Protection Trust as last in effect prior to the date on which the
          Change in Control occurs; provided, however, that if the GTE Benefits
          Protection Trust is not established prior to the date on which the
          Change in Control occurs, such application of the Net Residual Assets
          shall be made (and "Net Residual Assets" shall be defined) in the
          manner last designated in writing by the Committee after August 6,
          1987, but prior to the date on which the Change in Control occurs; and
          provided further that, if the Committee fails to make such a
          designation after August 6, 1987, and prior to the date on which the
          Change in Control occurs, the Net Residual Assets shall be applied
          directly and at the earliest practicable time for the exclusive
          purpose of providing benefits to participants and beneficiaries under
          the GTE Benefits Programs pursuant to the terms thereof (and defraying
          the reasonable expenses of providing such benefits) in the manner and
          in accordance with the priorities specified in the applicable
          provisions of the draft of the GTE Benefits Protection Trust presented
          to and approved by the Board of Directors of GTE Corporation on August
          6, 1987, and "Net Residual Assets" shall be defined in the manner
          provided in such draft.

If the assets of the Pension Fund are insufficient to provide in full the
amounts required under subsections (a) through (d), above, such assets shall be
allocated pro rata among the Pensions described in the subsection for which the
required amounts first cannot be provided in full. If the assets of the Pension
Fund are insufficient to provide in full the amounts required under subsection
(e), above, the assets available for allocation under subsection (e) shall be
allocated first to provide the amounts required under such subsection on the
basis of the terms of the Plan as in effect at the beginning of the five-year
period ending on the date of the Plan

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XII
                                                                        Page 101
<PAGE>

termination. If the assets of the Pension Fund are insufficient to provide such
amounts in full, the assets shall be allocated among such amounts on a pro rata
basis. If the assets of the Pension Fund are sufficient to provide such amounts
in full, then any remaining assets shall be allocated to provide the amounts
under such subsection based on the Pensions resulting from each successive
amendment during the five-year period until the available assets are
insufficient to provide the amounts required under subsection (e). The assets
available for allocation with respect to the Pensions resulting from the first
such amendment shall be allocated on a pro rata basis.

     12.3 Provision for Pensions After Plan Termination. Except as otherwise
provided in subsection (h) thereof, provision pursuant to Section 12.2 may be
made, in the discretion of Verizon Corporate Services Group Inc., by the
purchase of annuities or by continuing in existence any Trust Agreements or
arrangements with insurance companies entered into pursuant to the Plan and
making provision therefrom for Pensions, or both, or by immediate distribution
from the Pension Fund, or by any combination of these means, as Verizon
Corporate Services Group Inc., in its sole discretion, shall determine.

     12.4 Computation of Pensions After Plan Termination. The Pensions specified
in Section 12.2 shall be computed in accordance with the provisions of Article
VI, Article VI-A or the Schedules of the Plan, as applicable, except that, to
the extent permitted by law, the periods of Vesting Service, Accredited Service,
Net Credited Service and Pension Accrual Service used in the computation for
Employees shall be regarded as ended as of the Plan termination date and only
Average Annual Compensation, Net Monthly Compensation and the Cash Balance
Account as of that date shall be taken into account.

     12.5 Continued Employment Not Required After Plan Termination. The payment
of such Pensions shall not be contingent on an Employee's continuing in the
service of the Company or any other employer after the termination of the Plan,
except to the extent such service is otherwise required under the Plan to become
eligible for a particular Pension or form of payment.

     12.6 Data in Company Records on Plan Termination. In all cases such
Pensions shall be determined, to the extent permitted by law, on the basis of
the Employee's age, Vesting Service, Accredited Service, Net Credited Service,
Pension Accrual Service, Cash Balance Account and Average Annual Compensation,
as applicable, as shown by the Company's records as of the Plan termination
date.

     12.7 Satisfaction of Liabilities on Plan Termination. In the case of all
Pensions for which provision is made for the purchase of annuities from an
insurance company, the delivery of an annuity contract or certificate of the
insurance company from which the annuity is purchased to each Employee, Retired
Employee, former Employee, or Beneficiary to whom such Pensions are payable
shall, to the extent permitted by applicable law, serve to relieve the Pension
Fund from any further obligations for the payment of such Pensions. In the case
of all Pensions for which provision is not made through the purchase of
annuities from an insurance company, the judgment of Verizon Corporate Services
Group Inc. as to the adequacy of the alternative provision shall be final to the
extent permitted by applicable law. If such alternative provision made as of the
Plan termination date should thereafter at any time appear, in the judgment of
Verizon Corporate Services Group Inc., inadequate or more than sufficient to
continue the payment of the amounts previously estimated to be payable, the
remaining payments of such Pensions shall be adjusted pro rata in the order of
precedence set forth in Section 12.2.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XII
                                                                        Page 102
<PAGE>

     12.8 Post-1993 High-25 Distribution Restrictions. With respect to
distributions that commence on or after January 1, 1994, the provisions of
Section 12.8 shall not apply and the following provisions of this Section 12.9
shall apply:

          (a) Upon the termination of the Plan, the benefit of each highly
     compensated employee and each highly compensated former employee (both as
     defined in section 414(q) of the Code) shall be limited to a benefit that
     is nondiscriminatory under section 401(a)(4) of the Code.

          (b) The annual payments under the Plan with respect to a participant
     shall not exceed the annual payments that would be made with respect to the
     participant under a straight life annuity that is the actuarial equivalent
     of his accrued benefit. The preceding sentence shall not apply to a
     participant for a calendar year if: (i) the participant is not among the 25
     highly compensated employees and highly compensated former employees (both
     as defined in section 414(q) of the Code) of the Affiliates with the
     greatest compensation in that calendar year or any prior calendar year;
     (ii) after satisfying all benefits payable to the participant under the
     Plan, the value of Plan assets does not fall below 110 percent of the
     Plan's current liabilities (as defined in section 412(l)(7) of the Code);
     (iii) the value of the benefits payable with respect to the participant
     under the Plan is less than 1 percent of the value of the Plan's current
     liabilities (as defined in section 412(l)(7) of the Code and determined
     before distribution to the participant); or (iv) the value of the benefits
     payable with respect to the participant under the Plan does not exceed the
     amount described in section 411(a)(11)(A) of the Code. If the Plan is
     terminated while the restrictions pursuant to this subsection (b) are in
     effect, amounts in excess of those restrictions shall first be applied in a
     nondiscriminatory manner to the satisfaction of any Plan liabilities to
     participants who are not subject to the restrictions, and any balance
     remaining shall then be applied in a nondiscriminatory manner to any Plan
     liabilities that may be outstanding with respect to participants who are
     subject to the restrictions.

          (c) This Section 12.8 is intended to satisfy the requirements of
     Treas. Reg. ss. 1.401(a)(4)-5(b). This Section 12.8 shall not be construed
     in a manner that would impose limitations that are more stringent than
     those required by section 1.401(a)(4)-5(b) of the Treasury Regulations. If
     Congress should provide by statute, or the United States Treasury
     Department or the Internal Revenue Service should provide by regulation,
     ruling, or other guidance of general applicability, that the foregoing
     restrictions are no longer necessary for the Plan to meet the requirements
     of section 401(a) of the Code or any other applicable provision of the
     Internal Revenue Code then in effect, such restrictions shall become void
     and shall no longer apply, without the necessity of further amendment to
     the Plan.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XII
                                                                        Page 103
<PAGE>

                                  ARTICLE XIII

                       INTERCHANGE OF BENEFIT OBLIGATIONS

     13.1 Interchange Agreement Permitted. Agreements may be made by the Company
with Affiliates for an interchange of the obligations to which they may be
subject under pension plans.

          (a) In General. These interchange agreements shall provide that:

               (i) except as otherwise determined by the plan sponsors, pension
          plans shall be maintained on a consistent and substantially uniform
          basis by all of the companies participating in such interchange
          agreements;

               (ii) advance provision for the payment of pensions shall be made
          by each company in such amounts as may be necessary to provide for and
          fulfill all requirements of its plan as in effect from time to time;

               (iii) service for vesting, retirement eligibility and benefit
          accrual of the participants under the pension plans sponsored by the
          companies that are parties to such agreements shall include service
          with all such companies;

               (iv) the transfer of the accrued benefit of any participant to
          this Plan under any such agreement shall not result in a reduction of
          such accrued benefit or the elimination of an optional form of benefit
          with respect to such accrued benefit which is prohibited by section
          411(d)(6) of the Code and the Treasury regulations thereunder; and

               (v) an employee who is transferred from a class of employees
          whose service is determined on the basis of computation periods to a
          class of employees whose service is determined on the basis of elapsed
          time shall have his service under the Plan determined on a basis that
          is no less favorable to the employee than that described in Treasury
          regulations section 1.410(a)-7(f).

          (b) Special Rules for Employees Who Previously Participated in a Plan
     for Associate Employees of Former Bell Atlantic Companies. If an individual
     becomes an Employee on or after January 1, 2002 following a period of
     employment and participation in a defined benefit pension plan for
     non-management or associate employees of an Affiliate that was a Bell
     Atlantic Company (referred to as a "BA Associates Plan"), and the
     individual (y) was not employed by an Affiliate before such employment as a
     non-management or associate employee, and (z) has not participated in any
     Affiliate's defined benefit pension plan following such employment and
     prior to becoming an Employee, the Employee's benefits under the Plan shall
     be determined as described in Articles IV-A, V-A and VI-A of the Plan,
     subject to subsection (a) and the following:

               (i) There shall be no transfer of assets and liabilities from the
          BA Associates Plan and the Employee shall not have an Unconverted
          Annuity Benefit from his employment under the BA Associates Plan.

               (ii) If the Employee is a Transition-Eligible Employee on or
          after

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XIII
                                                                        Page 104
<PAGE>

          January 1, 2002, the Employee shall not be credited with Pension
          Accrual Service for his period of service under the BA Associates Plan
          for purposes of the benefit formula described in Section 6A.1(b) or
          otherwise.

               (iii) The formulas described in Sections 6A.1(c) and (d) shall
          not apply to an Employee described in this subsection (b).

          (c) Special Rules for Employees Whose Benefits are Transferred to the
     Plan from a Plan for Associate Employees of Former GTE Companies. If an
     individual becomes an Employee on or after January 1, 2002 following a
     period of employment and participation in a defined benefit pension plan
     for non-management or associate employees of an Affiliate that was a GTE
     Company (referred to as a "GTE Associates Plan"), and the individual (y)
     was not employed by an Affiliate before such employment as a non-management
     or associate employee, and (z) has not participated in any Affiliate's
     defined benefit pension plan following such employment and prior to
     becoming an Employee, the assets and liabilities attributable to such
     Employee's benefits under such GTE Associates Plan (if not previously paid
     in full to the Employee) shall be transferred to and shall become
     liabilities of the Plan. Unless provided otherwise in an agreement between
     the Company and the Employee's collective bargaining agent, following such
     transfer, the Employee's benefits under the Plan shall be determined as
     described in Articles IV-A, V-A and VI-A of the Plan, subject to subsection
     (a) and the following:

               (i) If the Employee is a Transition-Eligible Employee, subject to
          any adjustments otherwise applicable under the Plan, the Employee's
          benefit under Section 6A.2 or 6A.3 payable in the form of a single
          life annuity commencing on his Pension Commencement Date shall in no
          event be less than the sum of (A) the Employee's Unconverted Annuity
          Benefit accrued under the GTE Associates Plan, reduced for early
          commencement under the terms of the plan under which such benefit was
          accrued, as in effect on the last day of the Employee's active
          participation in such plan, but subject to any adjustment more
          favorable to the Employee as may be provided in Exhibit A for a
          deferred vested pension, plus (B) the benefit calculated as described
          in Section 6A.2(b), using only Pension Accrual Service, if any, earned
          for employment as an Employee, reduced for early commencement as
          described in Section 6A.2(b) or 6A.3(b), as appropriate.

               (ii) The formulas described in Sections 6A.1(c) and (d) shall not
          apply to an Employee described in this subsection (c).

          (d) Other Transfers. If a participant has a series of events involving
     periods of employment and transfers of benefits among this Plan, a Prior
     Plan or any other defined benefit pension plan maintained by an Affiliate,
     and the effect of such series of events on the participant's benefit is not
     covered under this Section 13.1, the participant's Pension shall be
     determined in a manner consistent with the provisions of this Section 13.1.

     13.2 Plans of Canadian Affiliates. In the event of the transfer of an
Employee from this Company to the employment of an Affiliate in Canada that has
a pension plan and his subsequent retirement under such circumstances that he is
entitled to a pension under the pension plan of such Canadian company, he shall,
in addition to such pension, be paid a

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XIII
                                                                        Page 105
<PAGE>

Pension by this Plan in accordance with the provisions hereof, on the basis of
his service for benefit accrual purposes (Accredited Service or Pension Accrual
Service, as applicable) earned as of the date of transfer; provided, however,
that (a) his Average Annual Compensation shall include U.S. dollars equivalent
to the amounts paid by the Canadian company, and the minimum pension provision
in Section 6.1(c), if applicable, shall be applied only after taking account of
the U.S. dollar equivalent of the pension payable under the Canadian company's
plan, and (b) this provision shall apply to a Former Bell Atlantic Employee only
if such transfer occurs on or after January 1, 2002.

     13.3 Mandatory Portability. This Plan shall be administered in a manner
that complies with the terms of the Interchange Agreement, and in compliance
with the federal statute enacted in furtherance of the Interchange Agreement.

          (a) Waiver of Portability. An Employee or former Employee who is
     eligible for portability under the terms of the Interchange Agreement, by
     reason of his current or prior period of participation in an Interchange
     Company Pension Plan, may waive portability in accordance with the terms of
     the Interchange Agreement. If the Employee or former Employee waives
     portability, none of the special rules in subsections (b) and (c) of this
     Section 13.3 shall apply.

          (b) Employees Transferring from an Interchange Company Pension Plan.
     The following provisions apply to an Employee who previously participated
     in an Interchange Company Pension Plan, who is employed by an Affiliate
     that is an Interchange Company, and who is eligible for and has not
     previously waived portability under the Interchange Agreement:

               (i) Prior Service Credit. If and when required by the Interchange
          Agreement, the Employee's Vesting Service, Net Credited Service and
          Pension Accrual Service (if a Transition-Eligible Employee) shall be
          supplemented by crediting the corresponding periods of vesting
          service, retirement eligibility service and pension accrual service
          accrued by the Employee under the Interchange Company Pension Plan in
          which the Employee participated prior to becoming an Employee.

               (ii) Treatment of Transferred Benefit. If and when required by
          the Interchange Agreement, the Interchange Company Pension Plan in
          which the Employee was previously a participant shall transfer to the
          Plan the assets and liabilities associated with the Employee's accrued
          benefit under the Interchange Company Pension Plan determined as
          described in the Interchange Agreement. If the Interchange Company
          Pension Plan transfers an accrued benefit expressed as a single life
          annuity payable at normal retirement age, the transferred benefit
          shall be held in the Plan as an Unconverted Annuity Benefit. If the
          Interchange Company Pension Plan transfers an accrued benefit
          expressed as a cash balance account, such account shall be treated as
          the Employee's opening balance in his Cash Balance Account under the
          Plan which shall thereafter be eligible for Pay Credits and Interest
          Credits in accordance with the terms of the Plan; provided, however,
          that Interest Credits shall be credited to the transferred cash
          balance account using the interest rate prescribed by the Interchange
          Company Pension Plan from which the cash balance account is
          transferred, if that interest rate would require a higher Interest
          Credit Percentage. This provision shall be administered in a manner

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XIII
                                                                        Page 106
<PAGE>

          that avoids duplication of benefit accrual in the combination of
          benefits from the two plans.

               (iii) Effect of Lump-Sum Distribution. An Employee described in
          this Section 13.3(b) shall not have his accrued benefit transferred
          from any Interchange Company Pension Plan from which he has previously
          received a lump-sum distribution of his accrued benefit. In such case,
          the Employee's Vesting Service, Net Credited Service and Pension
          Accrual Service (if a Transition-Eligible Employee) shall be
          supplemented by crediting the corresponding periods of vesting
          service, retirement eligibility service and pension accrual service
          accrued by the Employee under the Interchange Company Pension Plan in
          which the Employee participated prior to becoming an Employee, but
          only if the Employee executes a written agreement authorizing the Plan
          to offset the Employee's Accrued Benefit, to the extent such benefit
          is calculated based on Pension Accrual Service that includes the
          Employee's benefit accrual service under such Interchange Company
          Pension Plan, by the lump-sum distributed by the Interchange Company
          Pension Plan expressed as a single life annuity payable at normal
          retirement age under the terms of the Interchange Company Pension
          Plan. Any such service shall be credited to the Employee on the later
          of (A) the date on which the Employee would have been credited with
          such service under the Interchange Agreement had he not received the
          lump-sum distribution, or (B) the date on which the Employee executes
          the agreement described in the preceding sentence.

               (iv) Special Vesting Rules. Vesting for the portion of an
          Employee's benefit that is transferred from the Interchange Company
          Pension Plan shall be determined by using the sum of the Employee's
          vesting service under the Interchange Company Pension Plan plus
          Vesting Service subsequently earned under this Plan and then using
          either the vesting schedule under the Plan or the vesting schedule
          that was in effect under the Interchange Company Pension Plan when the
          individual ceased to be an active participant under that plan,
          whichever results in the higher vesting percentage.

          (c) Transfers of Pension Liabilities from this Plan to an Another
     Interchange Company Pension Plan. The following provisions apply to an
     Employee who previously participated in the Plan as an Employee of an
     Affiliate that is an Interchange Company, who is an active participant in
     an Interchange Company Pension Plan, and who is eligible for and has not
     previously waived portability under the Interchange Agreement:

               (i) Transfer of Pension Liability. If and when required by the
          Interchange Agreement, the assets and liabilities for the Employee's
          Accrued Benefit under the Plan shall be transferred to the applicable
          Interchange Company Pension Plan. In such event, the Employee's
          eligibility for a Pension or any other benefit hereunder shall cease.

               (ii) Effect of Lump-Sum Distribution. The Plan shall accept on
          behalf of an Employee described in this subsection (c) who received a
          lump-sum distribution of his vested Accrued Benefit under the Plan and
          subsequently becomes a participant in an Interchange Company Pension
          Plan that requires the individual to repay the distribution in order
          to be eligible for portability

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XIII
Page 105
<PAGE>

          treatment (and offers no alternate offset provision) a repayment of
          the full amount of the distribution, with interest. Interest on the
          lump-sum distribution shall be calculated for each month, beginning
          with the month in which the distribution was made and ending with the
          month of repayment, using 1/12 of the annual PBGC immediate annuity
          rate in effect for January of the year in which such month occurs. The
          distribution shall be repaid in a lump-sum payment, within 12 months
          of the date on which the individual is notified by the Plan of the
          amount of the repayment, in whole or in part as a rollover from a
          conduit IRA, with any remaining portion payable in after-tax dollars.
          Within 12 months of receiving the repayment, the Plan shall transfer
          to the Interchange Company Pension Plan the greater of (A) the amount
          of the repayment or (B) the amount that would have been transferred
          under the Interchange Agreement had the individual never received a
          distribution, and the individual's eligibility for a pension under the
          plan shall cease. Except as provided in this subsection, there shall
          be no transfer of assets and liabilities from this Plan to the
          subsequent Interchange Company Pension Plan for an individual who has
          received a lump-sum distribution of his Accrued Benefit under the
          Plan.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XIII
                                                                        Page 108
<PAGE>

                                   ARTICLE XIV

                               GENERAL PROVISIONS

     14.1 No Employment Rights Conferred. Neither the action of the Company
establishing this Plan nor any action taken by the Company under the Plan shall
be construed as giving to any Employee a right to be retained in the service of
the Company.

     14.2 Integration Clause. No Employee, Retired Employee, former Employee,
Beneficiary, or any other person shall be entitled to or have any vested right
in or claim to a Pension under the Plan, except as expressly provided herein.

     14.3 Incapacity of Recipient. Pension payments to a Retired Employee or a
Beneficiary unable to execute a proper receipt therefor may be made to a
relative or other person, selected by the Committee, for the benefit of the
Retired Employee or the Beneficiary, and the receipt executed by such person
shall discharge the obligations of the Plan and the Committee to such Retired
Employee or Beneficiary and anyone claiming through either of them.

     14.4 ERISA Fiduciary Duties. Nothing in the Plan shall relieve or be deemed
to relieve any Plan fiduciary from any responsibility, obligation, or duty
imposed by or under ERISA.

     14.5 Compliance with State and Local Law. The provisions of this Plan
relating to an Employee's age of Retirement shall not be applied in
circumstances that would cause such provisions to be in violation of applicable
state or local law. In such circumstances, the Employee Benefits Committee as
Plan administrator shall modify the application of such provisions to the extent
necessary to comply with applicable state or local law, but only to the extent
such laws are not preempted by federal law.

     14.6 Usage. Words in the masculine gender shall include the feminine gender
and the plural shall include the singular unless the context indicates
otherwise.

     14.7 Titles and Headings. The titles to Articles and the headings of
Sections, subsections, paragraphs, and subparagraphs in this Plan are placed
herein for convenience of reference only and, as such, shall be of no force or
effect in the interpretation of the Plan.

     14.8 Severability Clause. In the event any provision of the Plan is held to
be in conflict with or in violation of any state or federal statute, rule, or
decision, all other provisions of this Plan shall continue in full force and
effect. In the event that the making of any payment or the provision of any
other benefit required under the Plan is held to be in conflict with or in
violation of any state or federal statute, rule, or decision or otherwise
invalid or unenforceable, such conflict, violation, invalidity, or
unenforceability shall not prevent any other payment or benefit from being made
or provided under the Plan, and in the event that the making of any payment in
full or the provision of any other benefit required under the Plan in full would
be in conflict with or in violation of any state or federal statute, rule or
decision or otherwise invalid or unenforceable, then such conflict, violation,
invalidity or unenforceability shall not prevent such payment or benefit from
being made or provided in part, to the extent that it would not be in conflict
with or in violation of any state or federal statute, rule or decision or
otherwise invalid or unenforceable, and the maximum payment or

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XIIV
                                                                        Page 109
<PAGE>

benefit that would not be in conflict with or in violation of any state or
federal statute, rule or decision or otherwise invalid or unenforceable, shall
be made or provided under the Plan.

     14.9 Certain Military Service. Notwithstanding any provision of this Plan
to the contrary, for reemployments initiated on or after December 12, 1994,
contributions, benefits and service credit with respect to qualified military
service will be provided in accordance with section 414(u) of the Code.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Article XIIV
                                                                        Page 110
<PAGE>

                                   ARTICLE XV

                             TOP-HEAVY REQUIREMENTS

     15.1 In General. This Article XV shall apply only if the Plan is Top-Heavy,
as defined below. If, as of any Determination Date, as defined below, the Plan
is Top-Heavy, the provisions of Section 15.4, below, shall take effect as of the
first day of the Plan Year next following the Determination Date and shall
continue to be in effect until the first day of any subsequent Plan Year
following a Determination Date as of which it is determined that the Plan is no
longer Top-Heavy.

     15.2 Definitions. For purposes of this Article XV, the following
definitions shall apply, and shall be interpreted in accordance with the
provisions of section 416 of the Code and the regulations thereunder:

          (a) "Aggregation Group" means a group of Verizon Plans consisting of
     each Verizon Plan in the Required Aggregation Group and each other Verizon
     Plan selected by the Committee for inclusion in the Aggregation Group that
     would not, by its inclusion, prevent the group of Verizon Plans included in
     the Aggregation Group from continuing to meet the requirements of sections
     401(a)(4) and 410 of the Code.

          (b) "Average Compensation" means the participant's average
     Compensation, as defined in Section 15.2(c), below, for the period of
     consecutive years (not exceeding 5) during which the participant had the
     greatest aggregate Compensation from the Company, excluding (i) years
     ending before 1984, and (ii) years commencing after the last Top-Heavy
     Year, and adjusted, in accordance with section 416(c)(1)(D)(ii) of the
     Code, for years not included in a year of Vesting Service.

          (c) "Compensation" means compensation for a calendar year within the
     meaning of section 415 of the Code and the regulations thereunder, but
     shall not exceed the annual compensation limit in effect for the calendar
     year under section 401(a)(17) of the Code.

          (d) "Determination Date" means the December 31 immediately preceding
     the Plan Year for which the determination is made.

          (e) "Verizon Plan" means any stock bonus, pension, or profit-sharing
     plan of the Company and the Affiliates intended to qualify under section
     401(a) of the Code.

          (f) "Key Employee" means any employee of the Company and the
     Affiliates who satisfies the criteria set forth in section 416(i)(1) of the
     Code. For purposes of determining who is a Key Employee, "compensation"
     shall mean "compensation" as defined in section 415 of the Code and the
     regulations thereunder.

          (g) "Required Aggregation Group" means one or more Verizon Plans
     comprising each Verizon Plan in which a Key Employee is a participant and
     each Verizon Plan that enables any Verizon Plan in which a Key Employee is
     a participant to meet the requirements of section 401(a)(4) or 410 of the
     Code.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article XV
                                                                        Page 111
<PAGE>

          (h) "Top-Heavy" means that the Plan is included in an Aggregation
     Group under which, as of the Determination Date, the sum of the present
     value of the cumulative accrued benefits for Key Employees under all
     defined benefit plans in the Aggregation Group and the aggregate of all
     accounts of Key Employees under all defined contribution plans in the
     Aggregation Group exceeds 60 percent of the analogous sum determined for
     all employees. The determination of whether the Plan is Top-Heavy shall be
     made in accordance with section 416(g)(2)(B) of the Code and the
     regulations thereunder.

          (i) "Top-Heavy Ratio" means the percentage calculated in accordance
     with Section 15.2(h) hereof and section 416(g)(2) of the Code and the
     regulations thereunder.

          (j) "Top-Heavy Year" means a Plan Year for which the Plan is
     Top-Heavy.

Unless otherwise specified herein, other terms in this Article XV have the
respective meanings ascribed thereto by the other provisions of the Plan.

     15.3 Determination of Top-Heavy Ratio. In determining the Top-Heavy Ratio
with respect to any Plan Year, the following rules shall apply:

          (a) The accrued benefit of any current participant shall be
     calculated, as of the most recent valuation date that is within a 12-month
     period ending on the Determination Date, as if the participant had
     voluntarily terminated employment as of such valuation date. Such valuation
     date shall be the same valuation date used for computing plan costs for
     purposes of the minimum funding provisions of section 412 of the Code.
     Unless, as of the valuation date, the Plan provides for a nonproportional
     subsidy, the present value of the accrued benefit shall reflect a Pension
     commencing at age 65 (or attained age, if later). If, as of the valuation
     date, the Plan provides for a nonproportional subsidy, the Pension shall be
     assumed to commence at the age at which the Pension is most valuable.

          (b) The present value of such accrued benefit shall be calculated by
     multiplying the accrued benefit by the appropriate factor in the following
     table based on the participant's age as of the Determination Date:

================================================================================
               Deferred Annuity                                 Deferred Annuity
Age            Factor to Age 65                Age              Factor to Age 65
================================================================================
19                   0.36752                    45                   2.18380
--------------------------------------------------------------------------------
20                   0.39337                    46                   2.34220
--------------------------------------------------------------------------------
21                   0.42104                    47                   2.51265
--------------------------------------------------------------------------------
22                   0.45067                    48                   2.69619
--------------------------------------------------------------------------------
23                   0.48240                    49                   2.89392
--------------------------------------------------------------------------------
24                   0.51637                    50                   3.10709
--------------------------------------------------------------------------------
25                   0.55274                    51                   3.33707
--------------------------------------------------------------------------------
26                   0.59169                    52                   3.58536
--------------------------------------------------------------------------------
27                   0.63340                    53                   3.85366
--------------------------------------------------------------------------------
28                   0.67806                    54                   4.14383
--------------------------------------------------------------------------------
29                   0.72589                    55                   4.45797
--------------------------------------------------------------------------------
30                   0.77713                    56                   4.79844
--------------------------------------------------------------------------------
31                   0.83202                    57                   5.16786
--------------------------------------------------------------------------------
32                   0.89084                    58                   5.56923
--------------------------------------------------------------------------------
33                   0.95388                    59                   6.00589
--------------------------------------------------------------------------------
34                   1.02145                    60                   6.48169
--------------------------------------------------------------------------------
35                   1.09389                    61                   7.00098
--------------------------------------------------------------------------------
36                   1.17156                    62                   7.56874
--------------------------------------------------------------------------------
37                   1.25486                    63                   8.19069
--------------------------------------------------------------------------------
38                   1.34422                    64                   8.87343
--------------------------------------------------------------------------------
39                   1.44010                    65                   9.62458
--------------------------------------------------------------------------------
40                   1.54301                    66                   9.41000
--------------------------------------------------------------------------------
41                   1.65348                    67                   9.19088
--------------------------------------------------------------------------------
42                   1.77212                    68                   8.96748
--------------------------------------------------------------------------------
43                   1.89957                    69                   8.73999
--------------------------------------------------------------------------------
44                   2.03654                    70                   8.50892
================================================================================

          (c) The Plan shall be aggregated with all Verizon Plans included in
     the Aggregation Group.

     15.4 Top-Heavy Minimum Benefits.

          (a) In any Top-Heavy Year, each participant shall be entitled to the
     greater of:

               (i) the Pension he otherwise is entitled to under the Plan, or

               (ii) an annual benefit that, when expressed as a Pension
          commencing at his Normal Retirement Date (with no ancillary benefits),
          is equal to 2 percent of the participant's Average Compensation for
          each of the participant's first 10 years of Accredited Service (or
          Pension Accrual Service) after 1983 during which the Plan is
          Top-Heavy.

     The annual benefit described in paragraph (ii), above, shall not be
     adjusted to take into account the availability of preretirement death
     benefits under the Plan.

          (b) A participant who has completed at least 3 years of Vesting
     Service and

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article XV
                                                                        Page 113
<PAGE>

     who is credited with an Hour of Service in a Top-Heavy Year shall have a
     nonforfeitable right to his accrued benefit.

          (c) For each Top-Heavy Year, the Annual Compensation of each
     participant taken into account under the Plan for all Plan Years (including
     Plan Years before the first Top-Heavy Year) shall not exceed his
     "Compensation" (as defined in Section 15.2(c)); provided that any benefits
     accrued before a Top-Heavy Year (determined without regard to any Plan
     amendments adopted after the end of the Plan Year next preceding the
     Top-Heavy Year) shall not be reduced as a result of the application of this
     subsection (c).

          (d) The benefit required by Section 15.4(a) and vested pursuant to the
     provisions of Section 15.4(b) shall not be forfeitable under provisions
     that otherwise would be permitted by section 411(a)(3)(B) (relating to
     suspension of benefits upon reemployment) or 411(a)(3)(D) (relating to
     forfeitures upon withdrawal of mandatory contributions) of the Code.

          (e) The Plan shall meet the requirements of this Section 15.4 without
     taking into account, in accordance with section 416(e) of the Code,
     contributions or benefits under chapter 21 of the Code (relating to the
     Federal Insurance Contributions Act), Title II of the Social Security Act,
     or any other federal or state law.

          (f) The requirements of this Section 15.4 shall not apply with respect
     to any employee included in a unit of employees covered by an agreement
     that the Secretary of Labor finds to be a collective bargaining agreement
     between employee representatives and one or more Affiliates if there is
     evidence that retirement benefits were the subject of good faith bargaining
     between such employee representatives and the Affiliate.

     15.5 Termination of Top-Heavy Status. If, for any Plan Year after a
Top-Heavy Year, the Plan is no longer Top-Heavy, the provisions of Section 15.4,
above, shall not apply with respect to such Plan Year; provided that

          (a) the accrued benefit of any participant shall not be reduced on
     account of the operation of this Section 15.5;

          (b) each participant shall remain fully vested in any portion of the
     participant's accrued benefit that was fully vested before the Plan ceased
     to be Top-Heavy; and

          (c) any participant who was a participant in a Top-Heavy Year and who
     has completed at least 3 years of Vesting Service as of the first day of
     the Plan Year in which the Plan is no longer Top-Heavy may elect to remain
     subject to the provisions of Section 15.4(b).

     15.6 Interpretation. This Article XV is intended to satisfy the
requirements imposed by section 416 of the Code and shall be construed in a
manner that will effectuate this intent. This Article XV shall not be construed
in a manner that would impose requirements that are more stringent than those
imposed by section 416 of the Code.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Article XV
                                                                        Page 114
<PAGE>

                                   ARTICLE XVI
                  2001 QUALIFIED INVOLUNTARY SEPARATION PROGRAM

     16.1 Purpose. This Article XVI is intended to provide Employees with
additional benefits in light of the Company's need to reorganize due to the
recent merger of GTE Corporation and Bell Atlantic Corporation. In general, this
Article XVI provides additional retirement benefits to Eligible Participants who
receive a Notice of Discharge between January 1, 2001, and December 31, 2001,
inclusive. The additional benefits provided under this Article XVI, calculated
in the form of a lump sum, shall serve as an offset to any benefits paid under
an Executive Severance Agreement.

     16.2 Definitions. The following capitalized terms, when used in this
Article XVI, shall have the following meanings, notwithstanding any different
definitions of such terms elsewhere in the Plan.

          (a) "Company" means GTE Products of Connecticut Corporation or any
     other Affiliate that cosponsored the Products Plan.

          (b) (i) "Eligible Participant" means a current participant in the
     Products Plan on the date Notice of Discharge is received who is:

               (A) on the participant's Separation Date, an Employee of the
          Company; or

               (B) on the participant's Separation Date,

                    (I) receiving workers' compensation benefits or on
               short-term disability, but not receiving a Disability Pension (as
               defined in the Plan or the Products Plan), and

                    (II) whose last employment in an employer-employee
               relationship before he commenced receiving workers' compensation
               benefits or before his short-term disability was in a capacity
               described in subparagraph (A); or

                    (C) (I) on a leave of absence with a right to return to
               employment of like status or like pay pursuant to Company policy
               or return to employment pursuant to federal or state law on the
               participant's Separation Date, and

                    (II) whose last employment in an employer-employee
               relationship before his leave of absence commenced was in a
               capacity described in subparagraph (A).

          (ii) Notwithstanding the foregoing, the following individuals shall
     not be Eligible Participants:

                    (A) participants who are mandatorily retired pursuant to
               Section 5.2 or 5A.1(b) (or any similar provision of the Products
               Plan);

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 115
<PAGE>

                    (B) temporary Employees who have not been in active service
               past the first anniversary of their date of hire;

                    (C) participants who are receiving or who cease to be
               entitled to receive long-term disability benefits under a
               long-term disability plan maintained by the Company or an
               Affiliate;

                    (D) Ameritech Transferred Employees, as defined in Schedule
               XXIV of the Verizon Management Pension Plan; and

                    (E) Employees of Verizon Wireless referenced in Schedule
               XXXI of the Verizon Management Pension Plan.

          (c) "ISEP" means the 2001 Qualified Involuntary Separation Program
     provided for in this Article XVI.

          (d) "Modified Average Annual Compensation" means a Special Separatee's
     Average Annual Compensation as determined under the Plan or the Products
     Plan in which the Eligible Participant was participating immediately prior
     to his Separation Date, but based on the Special Separatee's rate of
     compensation for the 36 consecutive months of employment during which he
     was compensated at the highest rates of pay. For purposes of this Article
     XVI, Modified Average Annual Compensation shall include awards under the
     Management Incentive Plan, the International Team Incentive Program, and
     the GTE Investment Management Corporation Incentive Plan, but shall not
     include awards under the Executive Incentive Plan.

          (e) "Notice of Discharge" means a written notice that the Company
     issues an Eligible Participant informing the Eligible Participant that he
     will be involuntarily discharged for a reason other than cause and which is
     received by the participant between January 1, and December 31, 2001,
     inclusive.

          (f) "Qualified Separation Date" means the participant's Separation
     Date (between January 1, and December 31, 2001, inclusive, or such later
     date as may be related to the Notice of Discharge received by the
     participant). A participant's Separation Date shall be determined by the
     participant's last day of active employment with the Company regardless of
     any accrued and unused vacation or banked vacation that may be taken into
     account under Section 16.5(d).

          (g) "SEP Annuity" means an annuity that is the actuarial equivalent of
     the SEP Lump Sum. For purposes of determining the SEP Annuity, actuarial
     equivalence shall be determined by using the Special Separatee's actual age
     and whichever assumptions specified in Section 16.5(c)(i) would provide the
     greater lump sum if an annuity were being converted to an actuarially
     equivalent immediate lump sum payment.

          (h) "SEP Lump Sum" means a fixed amount (regardless of when paid)
     equal to the lesser of:

               (i) The greater of:

                    (A) 0.1 multiplied by the Special Separatee's Modified
               Average Annual Compensation, or

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 116
<PAGE>

                    (B) the Special Separatee's Modified Average Annual
               Compensation multiplied by the sum of:

                         (I) 0.037 multiplied by the Special Separatee's
                    Accredited Service under the Products Plan (Pension Accrual
                    Service under the Plan, if the Separation Date occurs after
                    December 31, 2001), not in excess of 10 years, and

                         (II) 0.047 multiplied by the Special Separatee's
                    Accredited Service under the Products Plan (Pension Accrual
                    Service under the Plan, if the Separation Date occurs after
                    December 31, 2001), in excess of 10 years; or

               (ii) 1.2 multiplied by the Special Separatee's Modified Average
          Annual Compensation; provided, however, that, for a Special Separatee
          who receives a Notice of Discharge on or after October 1, 2001 and
          before January 1, 2002 and who is not an employee of any of the
          Verizon entities that are involved with directory services, including
          but not limited to Verizon Information Services Inc., Verizon
          Directory Services Inc., Verizon Yellow Pages Company, National
          Telephone Directory Company, Penn-Del Directory Company, and
          Chesapeake Directory Sales Company, the amount described in this
          paragraph (ii) shall not be less than $75,000.

     Notwithstanding the foregoing, the SEP Lump Sum shall be reduced by any
     amount required to be paid by the Company or an Affiliate in connection
     with the Employee's separation from service pursuant to foreign law to the
     extent that the Employee's Pension under the Plan has not been reduced by
     such amount pursuant to Section 6.1(d)(ii) or 6A.1(e)(ii) (or any similar
     provision of the Products Plan).

     Notwithstanding the foregoing, the SEP Lump Sum shall be equal to 50% of
     the amount determined pursuant to the preceding provisions of this Section
     16.2(h) unless the Special Separatee (or, if Section 16.5(f) applies
     following the Special Separatee's death, the Special Separatee's personal
     representative):

               (i) executes a release in a form satisfactory to the Company (and
          returns such release as instructed on the release or related
          materials, such as a cover letter or highlights booklet)

                    (A) prior to the Separation Date, or

                    (B) if later, prior to the expiration of 21 days in the case
               of an individual separation or 45 days in the case of a group
               separation, as determined by the Company, after the date the
               release is received by the Special Separatee, and

               (ii) does not subsequently revoke the release in accordance with
          the terms of such release.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 117
<PAGE>

          (i) "Separates" means to separate from employment with the Company and
     its Affiliates no later than the Eligible Participant's Qualified
     Separation Date and in accordance with the terms and conditions of the
     ISEP.

          (j) "Separation Date" means the date that a Special Separatee
     Separates under the ISEP.

          (k) "Special Separatee" means an Eligible Participant who has received
     a Notice of Discharge and Separates under the ISEP pursuant to this Article
     XVI.

Each other capitalized term used in this Article XVI shall have the meaning
given to such term elsewhere in the Plan.

     16.3 Temporary and Limited Application of This Article.

          (a) This Article XVI is not intended to constitute a permanent part of
     the Plan, but is of temporary duration and limited applicability. The sole
     purpose of this Article XVI is to provide a special basis for the
     computation of the Pension payable to a Special Separatee. This Article XVI
     shall not affect, or be taken into account in determining, the Pension or
     any other benefit under the Plan or the Products Plan of any Employee other
     than a Special Separatee.

          (b) Immediately after the latest Separation Date of any Eligible
     Participant described in this Article XVI, this Article XVI shall be deemed
     to be deleted from the Plan automatically, without the necessity of any
     further amendment to the Plan or any other action by the Board or any other
     party, and this Article XVI shall thereafter have no further force or
     effect. After it has ceased to be effective and has been deemed to be
     deleted from the Plan, this Article XVI shall continue to apply in
     determining the right to a Pension with respect to each Special Separatee
     and the computation of such Pension.

          (c) The ISEP is neither voluntary nor elective. No Eligible
     Participant may elect to Separate or decline to Separate under the ISEP. An
     Employee may be required to Separate under the ISEP. Notwithstanding the
     foregoing, an Eligible Participant's decision to execute a release in
     accordance with Section 16.2(h) shall be voluntary and elective.

     16.4 Computation of the Pension Under the ISEP.

          (a) An Eligible Participant who Separates shall not be considered to
     be a Special Separatee who Separated under the ISEP unless he receives a
     Notice of Discharge from the Company between January 1, 2001, and December
     31, 2001, inclusive, for a reason other than cause. An Employee who quits
     or retires, or who is mandatorily retired pursuant to Section 5.2 or
     5A.1(b) (or any similar provision of the Products Plan) shall not be
     considered to have been discharged. Notwithstanding the foregoing, for
     purposes of this Section 16.4(a), an Eligible Participant who quits
     voluntarily, retires or dies after receiving a Notice of Discharge for a
     reason other than cause, shall be considered to be a Special Separatee who
     separated under the ISEP (the Separation Date being the date of such quit,
     retirement, or death). Furthermore, and notwithstanding the foregoing, an
     Employee shall not be considered to have been discharged, regardless of
     whether the Employee has been provided with a Notice of Discharge, if (i)
     the Employee does not, as determined by the Company on a

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 118
<PAGE>

     nondiscriminatory basis, experience a separation from service as a result
     of his termination of employment with the Company or (ii) the Employee is
     designated as a "Transferred Employee" by the Company, or is otherwise
     transferred to another employer, pursuant to or as a result of a sale,
     disposition, or other transaction, including but not limited to, the sale,
     transfer, exchange or other disposition of any assets or stock of the
     Company, a merger, the creation of a joint venture, or an outsourcing
     arrangement, and such Employee shall thereafter not be considered to have
     been discharged for purposes of this Article XVI, regardless of whether he
     is subsequently discharged by another employer.

          (b) Each Eligible Participant who Separates as a Special Separatee
     under the ISEP shall be entitled to:

               (i) a Service Pension if he is eligible for a Service Pension
          under the Products Plan or Article V, or a Deferred Vested Pension if
          he is not eligible for a Service Pension and he is eligible for a
          Deferred Vested Pension under the Products Plan or Article V and, if
          other than an Excluded Employee, he Separates before January 1, 2002,
          or

               (ii) a Vested Pension if he is eligible for a Vested Pension
          under Article V-A and he Separates after December 31, 2001,

     with his Service Pension, Deferred Vested Pension or Vested Pension, as the
     case may be, enhanced by the SEP Annuity. An Eligible Participant who is
     not eligible for a Service Pension, Deferred Vested Pension or Vested
     Pension under the provisions of the Plan or the Products Plan other than
     this Article XVI (or any similar Article in the Products Plan) shall be
     entitled, pursuant to this Section 16.4, to a SEP Annuity (but not to a
     Pension).

          (c) (i) Notwithstanding Section 16.4(b) and Section 5.3(b)(i) (or any
     similar provision of the Products Plan), for a Special Separatee whose
     Separation Date occurs before January 1, 2002, if as of the Special
     Separatee's Separation Date, he is within 24 months of the date on which
     his years of Accredited Service (of not less than 15 years) combined with
     his years of age will equal 76, then the Special Separatee shall be
     eligible for a Service Pension computed under Section 6.1 (or any similar
     provision of the Products Plan), except as provided in paragraph (ii) of
     this subsection (c), and enhanced by the SEP Annuity, instead of a Deferred
     Vested Pension computed under Section 6.3 (or any similar provision of the
     Products Plan).

          (ii) If the Pension Commencement Date of a Special Separatee described
     in paragraph (i) of this subsection (c) precedes the date on which he
     attains age 55, his Pension shall be reduced in accordance with the
     reduction factors for Service Pensions specified by Section 6.1(b) (or any
     similar provision of the Products Plan), except that if his Pension
     Commencement Date precedes the date on which his years of Accredited
     Service (of not less than 15 years) combined with his years of age
     (including his years of age after he Separates) total 76, the Special
     Separatee's Service Pension shall, in addition, be reduced by 0.6% for each
     month between the Special Separatee's Pension Commencement Date and the
     date on which his years of Accredited Service (of not less than 15

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 119
<PAGE>

          years) plus his years of age (including his years of age after he
          Separates) total 76.

     16.5 Computation of Pensions Generally.

          (a) The provisions of this Article XVI apply, and pension benefits
     under this Article XVI shall be provided, only with respect to Special
     Separatees. The Pension of any Employee other than a Special Separatee
     shall be determined without regard to, and shall be wholly unaffected by,
     this Article XVI. In addition, the inclusion of this Article XVI in this
     restatement of the Plan is not intended to change or increase any benefit
     provided under the similar provision in the Products Plan to a Special
     Separatee whose Separation Date occurs before January 1, 2002. No benefit
     shall accrue under this Article XVI except for a Special Separatee as of
     his Separation Date. This Article XVI does not provide for an accrued
     benefit or an additional accrued benefit for any Employee or former
     Employee other than a Special Separatee. The method of computation of a
     Pension under Article XVI is entirely separate and distinct from, and shall
     not become a part of, any method of computation of a Pension under the Plan
     without regard to this Article XVI.

          (b) The SEP Annuity shall be paid at the same time and in the same
     form as the remainder (if any) of the Special Separatee's Pension.
     Notwithstanding any other provision of the Plan, including, but not limited
     to, Sections 5.3 and 5.5 (or any similar provision of the Products Plan), a
     Special Separatee may elect as his Pension Commencement Date the first day
     of any month following his Separation Date; provided that such date is not
     later than the Pension Commencement Date that is otherwise required by
     provisions of the Plan, including, but not limited to, Sections 7.6 and
     7.7, and such Pension Commencement Date satisfies the Plan's administrative
     notice and processing requirements.

               (c) (i) Any Eligible Participant who qualifies for a Pension
          under this Article XVI may elect, in accordance with the notice,
          timing and other election requirements that apply to the election of
          an alternative form of payment under Section 6A.6, to receive his
          Pension in the form of a lump sum distribution. The amount of any such
          lump sum distribution shall be (x) the actuarial equivalent of the
          Special Separatee's Service Pension, Deferred Vested Pension or Vested
          Pension (if any), as the case may be, determined under Article VI (or
          any similar provision of the Products Plan) or VI-A, as appropriate,
          as a single life annuity commencing as of the Special Separatee's
          Pension Commencement Date, plus (y) any SEP Lump Sum to which the
          Special Separatee is entitled. For purposes of calculating the minimum
          amount of a lump sum distribution under Section 417(e) of the Code and
          Section 205(g) of ERISA, (x) and (y) from the preceding sentence
          shall, consistent with past Plan administration, be considered one
          combined total pension benefit. For purposes of this paragraph (i),
          actuarial equivalence shall be determined by applying the 1971 Towers,
          Perrin, Forster & Crosby Forecast Mortality Table with ages set back
          two years and whichever of the following interest rates provides the
          greater lump sum distribution:

                    (A) the six-month moving average yield of United States
               Treasury obligations with ten-year maturities, as reported in the
               Federal Reserve Statistical Release or an equivalent publication
               of said Federal Reserve, with the six-month averaging period
               commencing 12 months

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 120
<PAGE>

               prior to the Special Separatee's Pension Commencement Date,
               computed in accordance with the provisions of the Plan as
               modified in accordance with this Article XVI; or

                    (B) the PBGC Immediate Rate, provided that the SEP Annuity
               and the SEP Lump Sum shall be disregarded in determining whether
               the Special Separatee's vested accrued benefit exceeds $25,000
               for purposes of determining the amount of the PBGC Immediate Rate
               (as described in the definition of PBGC Immediate Rate in Article
               II).

               (ii) The amount of any Special Separatee's lump sum distribution
          under this Article XVI shall not be less than the greater of:

                    (A) the lump sum distribution (if any) that the Special
               Separatee could have received under the Plan or the Products
               Plan, as applicable, without regard to this Article XVI; or

                    (B) the actuarial equivalent of (x) the Special Separatee's
               Service Pension, Deferred Vested Pension or Vested Pension (if
               any), as the case may be, plus (y) any SEP Annuity to which the
               Special Separatee is entitled, determined under Article VI (or
               any similar provision of the Products Plan) or VI-A, as
               appropriate (in the case of the Service Pension, Deferred Vested
               Pension or Vested Pension (if any), as the case may be) and under
               Section 16.2(g) (in the case of any SEP Annuity) as a single life
               annuity commencing as of the Special Separatee's Normal
               Retirement Date, and by applying the assumptions set forth in (I)
               Section I(B)(iii) of Attachment 1 to Exhibit A for Pension
               Commencement Dates occurring before January 1, 2002, and (II) the
               last sentence of Section I(B) of Attachment 1 to Exhibit A for
               Pension Commencement Dates occurring on or after January 1, 2002.
               For purposes of calculating the minimum amount of a lump sum
               distribution under Section 417(e) of the Code and Section 205(g)
               of ERISA, (x) and (y) from the preceding sentence shall,
               consistent with past Plan administration, be considered one
               combined total pension benefit.

               (iii) Section 7.1 shall not apply to the payment of a Pension in
          the form of a lump sum distribution pursuant to this Article XVI.

          (d) Accrued and unused vacation or banked vacation with the Company or
     an Affiliate shall be taken into account for purposes of determining a
     Special Separatee's Modified Average Annual Compensation, Average Annual
     Compensation and Accredited Service or Pension Accrual Service in
     accordance with the provisions of the Plan and Plan administration.

          (e) Except as specifically provided in this Article XVI, this Article
     XVI shall not affect the provisions of the Plan that govern eligibility to
     elect to receive a Pension in any optional form of payment.

          f)  (i)   If a married Eligible Participant dies before his Pension
          Commencement Date, but after receiving a Notice of Discharge for a
          reason other than cause, a Spouse's Pension shall be payable to his
          Spouse in accordance with Section 6.4 (or any similar provision of the
          Products Plan) or a Pre-Retirement Death Benefit shall be payable to
          his Beneficiary in accordance

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 121
<PAGE>

          with Section 6A.4, as appropriate, unless the Eligible Participant
          elected, in accordance with Section 6.4(d) (or any similar provision
          of the Products Plan) or 6A.4(e), to waive Spouse's Pension or
          Pre-Retirement Death Benefit coverage. Section 6.4 or 6A.4 shall be
          applied to the Spouse or Beneficiary of such a deceased Eligible
          Participant, and the Spouse's Pension or Pre-Retirement Death Benefit
          shall be computed as if, as of his Separation Date (or, if he dies
          before that date, the date that would have been his Separation Date),
          the deceased Eligible Participant had Separated, and his Pension
          included his SEP Annuity.

               (ii) The normal Pension Commencement Date of a Spouse's Pension
          under this subsection (f) shall be the first day of the month next
          following the later of the deceased Eligible Participant's Normal
          Retirement Date or the date of his death; provided that any Spouse
          entitled to a Spouse's Pension under this subsection (f) may elect any
          Pension Commencement Date that is permitted by Section 6.4(b) (or any
          similar provision of the Products Plan). Any Pre-Retirement Death
          Benefit shall commence as described in Section 6A.4.

          (g) If a benefit is payable pursuant to Section 6A.5(f)(iii) (relating
     to an Employee who elects a Joint-Survivor Pension but dies before his
     Pension Commencement Date), any SEP Annuity to which the Employee would
     have been entitled if he had survived until his Separation Date and
     commenced his Pension shall be considered part of the Employee's Pension
     for purposes of determining the benefit pursuant to Section 6A.5(f)(iii).

          (h) In the case of an Eligible Participant whose Pension under the
     Plan is calculated in part on the basis of benefits that he previously
     accrued under the Contel System Pension Plan but that now are benefits
     payable under the Plan, accredited service under the Contel System Pension
     Plan shall be counted as Accredited Service or Pension Accrual Service, as
     applicable, for purposes of determining the amount of the SEP Lump Sum. In
     the case of an Eligible Participant whose Pension under the Plan is
     calculated in part on the basis of benefit eligibility and vesting service
     that he previously earned under the Contel Retirement Savings Plan, but
     that is now counted as Vesting Service under the Plan, such Vesting Service
     shall be counted as Accredited Service or Pension Accrual Service, as
     applicable, for purposes of determining the amount of the SEP Lump Sum. In
     the case of an Eligible Participant who was credited with service for
     benefit accrual purposes under the Times-Mirror Press Retirement Income
     Plan or the ALLTEL Corporation Pension Plan, such credited service shall be
     counted as Accredited Service or Pension Accrual Service, as applicable,
     for purposes of determining the amount of the SEP Lump Sum. In the case of
     an Eligible Participant who was employed by Providence Journal, AF
     Operating, Inc., BBN Corporation, or Genuity, Inc., years and months of
     employment with each respective entity shall be counted as Accredited
     Service or Pension Accrual Service, as applicable, for purposes of
     determining the amount of the SEP Lump Sum. In no event shall an Eligible
     Participant receive credit more than once for the same period of service
     for purposes of determining the amount of the SEP Lump Sum. Similarly, an
     Eligible Participant is not entitled to receive service for purposes of
     determining the amount of the SEP Lump Sum for service that has been
     recognized under any other severance plan maintained by the Company or an
     Affiliate.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 122
<PAGE>

     16.6 Miscellaneous.

          (a) If a Special Separatee is receiving disability benefits under a
     plan or program maintained by the Company or its Affiliates, his disability
     benefits shall be reduced after his Pension Commencement Date to the extent
     of his Pension, and, for all purposes under the Plan, including for
     purposes of Sections 4.2(d), 4.6(d), 4A.1(d), 4A.2(d), or 4A.3(e) (or any
     similar provision of the Products Plan), the date his Pension commences
     pursuant to this Article XVI shall be treated as the date that his benefits
     under the LTD Plan cease (regardless of whether his LTD benefits actually
     cease on such date).

          (b) If a Special Separatee is reemployed by an employer described in
     Section 4.2 after his Pension Commencement Date, the former Special
     Separatee's Pension (or that of his Spouse or other Beneficiary) shall
     include any SEP Annuity to which he was entitled before his reemployment;
     provided that, upon his retirement following his reemployment, (i) the
     periodic amount of his Pension shall not be less than the periodic amount
     of the Pension payable in the same form to which he was entitled, in
     accordance with the provisions of the Plan including this Article XVI, when
     he Separated, and (ii) he may recommence his Pension without regard to any
     provision of the Plan that would require him to delay his Pension
     Commencement Date.

          (c) In any case where a special provision set forth in a schedule to
     the Plan varies a Plan provision that is referred to in this Article XVI
     and that is set forth in a Section of the Plan that precedes this Article
     XVI, each reference in this Article XVI to such Plan provision shall be
     deemed to refer to the provisions as varied by the applicable special
     provision. This Section 16.6(c) shall be interpreted and applied by the
     Committee in a consistent and nondiscriminatory manner in accordance with
     the purposes of this Article XVI and of the Plan as a whole.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Article XVI
                                                                        Page 123
<PAGE>

<TABLE>
                                                     EXHIBIT A

                    ACTUARIAL EQUIVALENCE/APPLICABILITY OF TABLES IN COMPENDIUM OF PLAN FACTORS
====================================================================================================================
                                                           Main Text
                                                                                             Schedule
                                                         and All Other
                                                                             ---------------------------------------
<S>                      <C>                                <C>                       <C>                <C>
                      Factor
                                                           Purposes                  I                   II
====================================================================================================================
Early  Commencement  for Deferred  Vested Pensions                                             Use factors specified
(Section 6.5)                                             Table AA 1            Table AA 1        in Schedule for
                                                                                               Contel benefit to the
----------------------------------------------------------------------------------------------  extent such factors
                                                                                               yield higher benefits
Early  Commencement  for Vested Pensions  (Section
6A.2(b)(iii))                                              Table AA              Table AA
--------------------------------------------------------------------------------------------------------------------
Joint-Survivor Conversion
(Regular)                                                  Table BB              Table BB
--------------------------------------------------------------------------------------------------------------------
5- and 10-Year
Certain & Life                                             Table CC              Table CC
(Regular)
--------------------------------------------------------------------------------------------------------------------
Pop-Up Annuity                                             Table DD

--------------------------------------------------------------------------------------------------------------------
Lump Sums for Participants (including small              Attachment 1
benefit cash-outs in Section 7.6)
--------------------------------------------------------------------------------------------------------------------
Lump Sums for Beneficiaries (including small             Attachment 1
benefit cash-outs in Section 7.6)
--------------------------------------------------------------------------------------------------------------------
Converting Cash Balance Account to Single Life           Attachment 2
Annuity payable to participant on Pension
Commencement Date (Section 6A.2(a)) or to Single
Life Annuity payable to Spouse on Pension
Commencement Date (Section 6A.4(a)(i))
--------------------------------------------------------------------------------------------------------------------
Calculating Cash Balance Account Opening Balance         Table EE
for Former GTE Employee as of January 1, 2002
(Section 6A.1(a)(i)(B)(I))
--------------------------------------------------------------------------------------------------------------------
Determining Actuarial Present Value of Accrued           Attachment 3
Benefit as of December 31, 2001 for Opening Balance
Minimum (Section 6A.1(a)(i)(B)(II))

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                                                           Exhibit A
                                                                                                            Page 124
<PAGE>

====================================================================================================================
                                                           Main Text
                                                                                             Schedule
                                                         and All Other
                                                                             ---------------------------------------
                      Factor
                                                           Purposes                  I                   II
====================================================================================================================
Determining Actuarial Equivalent of                Apply actuarial factors
Unconverted Annuity Benefit payable                used by plan in which
as a Single Life Annuity to                        benefit was accrued or
Spouse                                             7% interest and TPF&C
                                                   1971 Forecast Mortality
                                                   Table for Males (with
                                                   ages set back 2 years),
                                                   whichever yields the
                                                   higher benefit.
====================================================================================================================

For purposes of determining actuarial equivalence, age is determined in years
and completed months. Optional form conversions for benefits transferred from
other plans pursuant to Section 13.1 or 13.3 are subject to the special rules
described in Section 6A.6(f).

1 For an Unconverted Annuity Benefit, apply these factors or the early payment
factors prescribed by the terms of the plan under which such benefit was accrued
as in effect on the last day of the Employee's active participation in such
plan, whichever yields the higher benefit.

NOTE: Actuarial equivalence for pension commencement dates occurring prior to
January 1, 2002 under a Prior Plan shall be determined following the provisions
of the Prior Plan in accordance with Section 6A.11.
</TABLE>

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Exhibit A
                                                                       Page 125
<PAGE>

                           ATTACHMENT 1 TO EXHIBIT A

I. Section 6A.6(b)(i) or (ii) Lump Sum Option for a Pension, Section 6A.4 Lump
Sum Option for a Pre-Retirement Death Benefit, and Section 7.6 Mandatory Lump
Sum - Pension Commencement Date On or After January 1, 2002.

          (A) Subject to the special rule in Section 6A.6(f) applicable to
     benefits transferred from other plans, paragraphs (B) through (D), below,
     and any adjustments otherwise applicable under the Plan, the lump sum
     payable under Section 6A.6(b)(i) or (ii), 6A.4 or 7.6 on a Pension
     Commencement Date occurring on or after January 1, 2002 shall equal the
     greater of:

               (i) the sum of (I) the participant's Cash Balance Account, if
          any, plus (II) the lump sum value, determined as of the Pension
          Commencement Date, derived from the single life annuity payable as of
          the Pension Commencement Date with respect to the participant's
          Unconverted Annuity Benefit calculated pursuant to Section
          6A.2(a)(ii), if any; or

               (ii) the greatest of the lump sum values, determined as of the
          Pension Commencement Date, derived from the single life annuities
          payable commencing as of the Pension Commencement Date calculated
          under the non-cash balance formulas, if any, applicable to the
          participant or Beneficiary under Article VI or VI-A, as appropriate.

          (B) Lump sum values described in paragraph (A)(i)(II) or (A)(ii),
     above, shall be determined using whichever of the following assumptions
     yields the largest value:

               (i) The TPF&C 1971 Forecast Mortality Table for Males (with ages
          set back two years) and the six-month moving average yield of United
          States Treasury obligations with ten-year maturities, as reported in
          the Federal Reserve Statistical Release or an equivalent publication
          of said Federal Reserve, with the six-month averaging period
          commencing 12 months prior to the Pension Commencement Date.

               (ii) The TPF&C 1971 Forecast Mortality Table for Males (with ages
          set back two years) and the PBGC Immediate Rate.

               (iii) The "applicable mortality table" (within the meaning of
          section 417(e)(3)(A)(ii)(I) of the Code) and the "applicable interest
          rate" (within the meaning of section 417(e)(3)(A)(ii)(II) of the Code)
          for the fifth month preceding the month in which the applicable
          Pension Commencement Date occurs.

               (iv) The "applicable mortality table" (within the meaning of
          section 417(e)(3)(A)(ii)(I) of the Code) and the "applicable interest
          rate" (within the meaning of section 417(e)(3)(A)(ii)(II) of the Code)
          for the second month preceding the first day of the calendar quarter
          in which occurs the participant's Pension Commencement Date (or, if
          the Pension Commencement Date is the first day of the calendar
          quarter, the interest rate used by the Plan during the preceding
          calendar quarter). (This is the Plan's Code section 417(e) rate
          effective on and after January 1, 2002.)

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                       Exhibit A
                                                                        Page 126
<PAGE>

     Notwithstanding the foregoing, the amount of any lump sum value applied for
     purposes of paragraph (A)(i)(II) or (A)(ii) when determining the lump sum
     payable to a participant shall not be less than the actuarial present value
     (as of the Pension Commencement Date) of the participant's benefit under
     the relevant formula in the form of a single life annuity payable
     commencing on the first day of the month next following the participant's
     Normal Retirement Date as calculated under Article VI or Section 6A.1(b),
     (c), (d) or (f), as appropriate, based on (I) for Pension Commencement
     Dates before June 1, 2004, the assumptions described in (B)(iii) or
     (B)(iv), above, whichever yield the higher benefit, or (II) for Pension
     Commencement Dates on or after June 1, 2004, the assumptions described in
     (B)(iv), above.

          (C) If the Beneficiary of a Pre-Retirement Death Benefit is one
     individual, the Beneficiary's age in years and completed months shall be
     used to determine the amount of the Pre-Retirement Death Benefit. If there
     is more than one Beneficiary, the age of the oldest Beneficiary shall be
     used to determine the amount of the Pre-Retirement Death Benefit. If the
     Beneficiary is not an individual, the Beneficiary will be assumed to be the
     same age as the participant.

          (D) For purposes of this attachment, the "applicable mortality table"
     (within the meaning of section 417(e)(3)(A)(ii)(I) of the Code) shall be
     (i) the mortality table referred to in Revenue Ruling 95-6 for Pension
     Commencement Dates occurring prior to December 31, 2002, and (ii) the
     mortality table referred to in Revenue Ruling 2001-62 for Pension
     Commencement Dates occurring on or after December 31, 2002.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                       Exhibit A
                                                                        Page 127
<PAGE>

                            ATTACHMENT 2 TO EXHIBIT A

     I. Converting Cash Balance Account to Single Life Annuity. For purposes of
     Section 6A.2(a) or 6A.4(a)(i), a Cash Balance Account shall be converted to
     an immediate single life annuity using the "applicable mortality table"
     (within the meaning of section 417(e)(3)(A)(ii)(I) of the Code) and the
     "applicable interest rate" (within the meaning of section
     417(e)(3)(A)(ii)(II) of the Code) for the second month preceding the first
     day of the calendar quarter in which occurs the Pension Commencement Date
     (or, if the Pension Commencement Date is the first day of the calendar
     quarter, the interest rate used by the Plan during the preceding calendar
     quarter); provided, however, that a cash balance account that has been
     transferred to the Plan from an Interchange Company Pension Plan pursuant
     to Section 13.3 shall be converted to a single life annuity using the
     interest and mortality assumptions in effect under the Interchange Company
     Pension Plan on the last day of the participant's active participation in
     that plan if using such assumptions would result in a larger single life
     annuity amount. For purposes of this attachment, the "applicable mortality
     table" (within the meaning of section 417(e)(3)(A)(ii)(I) of the Code)
     shall be (i) the mortality table referred to in Revenue Ruling 95-6 for
     Pension Commencement Dates occurring prior to December 31, 2002, and (ii)
     the mortality table referred to in Revenue Ruling 2001-62 for Pension
     Commencement Dates occurring on or after December 31, 2002.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                       Exhibit A
                                                                        Page 128
<PAGE>

                            ATTACHMENT 3 TO EXHIBIT A

I. Determining Actuarial Present Value of Accrued Benefit as of December 31,
2001 for Opening Balance Minimum. For purposes of Section 6A.1(a)(i)(B)(II), the
actuarial present value of a participant's accrued benefit under the Products
Plan as of December 31, 2001 shall be determined under whichever of the sets of
assumptions in Section I(B)(i) through (iv) of Attachment 1 to Exhibit A
produces the largest amount. For purposes of this calculation, the "Pension
Commencement Date" shall be January 1, 2002.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                       Exhibit A
                                                                        Page 129
<PAGE>

                                    EXHIBIT B

                           SCHEDULE OF EFFECTIVE DATES

     This restatement of the Plan is effective January 1, 2002.

     The schedule contained in this Exhibit B sets forth the effective dates of
those provisions of the Plan that have been amended since Plan was restated.

                           SCHEDULE OF EFFECTIVE DATES

--------------------------------------------------------------------------------
PLAN PROVISION             EFFECTIVE DATE              DESCRIPTION AND COMMENTS

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                       Exhibit B
                                                                        Page 130
<PAGE>

                                   SCHEDULE I

                SPECIAL PROVISIONS RELATING TO CERTAIN EMPLOYEES
                 FORMERLY EMPLOYED BY GTE SYLVANIA INCORPORATED
                     OR OTHER EMPLOYER PARTICIPATING IN THE
                 GTE SYLVANIA PENSION PLAN FOR SALARY EMPLOYEES

The following Schedule previously contained in the Products Plan shall apply, to
the extent applicable, to Former GTE Employees who were covered by this Schedule
under the Products Plan and who complete a Paid Hour of Service as an Employee
on or after January 1, 2002. References to the "Plan" in this Schedule shall be
read to refer to the Plan and/or the Products Plan, as appropriate.

     Any Employee who was employed by GTE Sylvania Incorporated prior to January
1, 1978, and who has transferred or shall transfer to the employment of GTE
Products Corporation from the employment of GTE Sylvania Incorporated during the
period from December 27, 1976 to December 31, 1981, including without limitation
any such Employee who after December 27, 1976, continues to serve as an officer
or director of GTE Sylvania Incorporated, and who shall Retire or become
eligible to Retire, including without limitation eligibility to Retire
established under this Schedule I, during the period from January 1, 1977 to
December 31, 1981, shall have the benefit of the terms and conditions of the
main text of the Plan and the following additional or alternative rights, and,
to the extent applicable, shall be subject to the other terms and provisions
hereinafter set forth; provided that the terms and provisions contained in
Sections 2, 3, and 4 of this Schedule I, the effects of which are expressly
stated to be not limited in duration or not dependent on the date when or period
within which any said Employee shall Retire or become eligible to Retire, shall
apply to any Employee who was employed by GTE Sylvania Incorporated prior to
January 1, 1978, and, who has transferred or shall transfer from the employment
of said corporation to the employment of GTE Products Corporation. For purposes
of this Schedule I, references to GTE Sylvania Incorporated, unless the context
otherwise clearly requires, shall be deemed to include any other employer
participating in the GTE Sylvania Pension Plan for Salary Employees, during the
period of such participation.

     1. Participation. Such Employee who was formerly a member of the GTE
Sylvania Pension Plan for Salary Employees shall be a participant within the
meaning of Article III of this Plan although he commenced employment by GTE
Sylvania Incorporated (or other employer participating in the GTE Sylvania
Pension Plan for Salary Employees) after the last day of the month during which
he attained age 60.

     2. Accredited Service. Notwithstanding anything to the contrary contained
in this Plan, in the case of any such Employee who was employed by GTE Sylvania
Incorporated prior to September 1, 1961, and (a) who at any time shall have
withdrawn his Accumulated Member Contributions and Accumulated Profit
Distributions (as those terms are defined in the GTE Sylvania Pension Plan for
Salary Employees) but otherwise maintained his continuous service, or (b) who
was not a member of the GTE Sylvania Pension Plan for Salary Employees for any
period prior to September 1, 1961, although eligible for membership, but
otherwise maintained his continuous service, his service in respect of the
period prior to September 1, 1961, shall be deemed Accredited Service; provided,
however, that in the case of such Employee described in (a) or (b) of this
Section 2 who terminates service with the Company prior to December 31,

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 131
<PAGE>

1985, his service in respect of the period prior to September 1, 1961 shall be
deemed Accredited Service solely for the purposes of determining eligibility for
a Service Pension, Disability Pension, Spouse's Pension and/or Deferred Vested
Pension but the Pension payable with respect to such Accredited Service shall be
determined on the basis of including one-half the number of the years and months
of such service in the member's aggregate of Accredited Service, all otherwise
in accordance with the provisions of this Plan governing a Service Pension,
Disability Pension, Spouse's Pension and/or Deferred Vested Pension, as the case
may be; provided further, that the minimum Pension for members Retiring on or
after January 1, 1977, with respect to service prior to September 1, 1961, shall
not be less than $5.50 per month for each year of Accredited Service. The
provisions of this Section 2 shall continue in effect indefinitely, subject
nonetheless to the terms and conditions of Article XI of the Plan.

     3. Compensation. The term Compensation as used in Sections 4 and 5 of this
Schedule I, and for purposes of the definition of Monthly Compensation in
Article II of the Plan, shall have the following meaning:

          Compensation shall mean an Employee's regular pay, commissions paid
     pursuant to a written commission plan (unless otherwise provided in said
     plan), overtime pay, vacation pay, suggestion awards, and cash payments
     made pursuant to any bonus, wage or salary incentive plan; the term
     Compensation may be deemed not to include any remuneration paid to any
     Employee included in a unit (during the period that he was or is in such
     unit), which has been designated as not eligible to participate in the
     coverage of this Plan by the Company or, in the case of the GTE Sylvania
     Pension Plan for Salary Employees, by GTE Sylvania Incorporated. In the
     case of Employees who are disabled and eligible to receive benefits
     pursuant to the provisions of a long term disability plan of the Company or
     any Affiliate, such as the Company's plan known as Long Term Disability
     Income Benefits for Salaried Employees, their Compensation for periods of
     such disability and eligibility shall be deemed to be their Compensation
     immediately prior to the commencement of such disability.

The provisions of this Section 3 shall continue in effect indefinitely, subject
nonetheless to the terms and conditions of Article XI of the Plan. In addition
to other applicable limitations that may be set forth in the Plan and
notwithstanding any other contrary provision of the Plan, the amount of
Compensation taken into account with respect to an Employee for a calendar year
shall not exceed the Annual Compensation Limit in effect with respect to the
Employee for the calendar year. Effective on and after January 1, 2002, the
definition of "Compensation" in this Section 3 shall replace "Monthly
Compensation" as defined in Article II of the Plan only to the extent that a
higher Average Annual Compensation or Net Monthly Compensation will result.

     4. Average Annual Compensation. The following definition of Average Annual
Compensation shall apply for purposes of determining any Pension under the Plan
if it shall result in a larger amount than the definition under Article II of
the Plan.

          Average Annual Compensation shall mean the average annual Compensation
     of a member of the Plan for the five (5) consecutive calendar years of
     employment with the Company (or any employer recognized pursuant to Section
     6 of Article IV of the Plan for the purpose of determining Accredited
     Service), during which the said member received his highest amount of
     Compensation. If a member Retires or terminates employment on a date other
     than the end of a calendar year, then, solely for purposes of computing
     Average Annual Compensation, his Compensation for said calendar year in
     which the

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 132
<PAGE>

     Retirement or termination occurs shall be deemed to be an amount equal to
     the sum of (a) his Compensation earned during the calendar year to the date
     of his Retirement or termination, plus (b) an amount representing the
     product obtained by multiplying the Compensation of said member during the
     fifth (5th) calendar year next preceding the calendar year of his
     Retirement or termination by a fraction, the numerator of which shall be
     the difference between twelve (12) and the number of calendar months
     constituting Accredited Service earned by said member in the calendar year
     of his Retirement or termination, and the denominator of which said
     fraction shall be twelve (12); except that if the sum of the calendar
     months of Accredited Service accumulated by said member in the calendar
     year of his Retirement or termination and during said fifth (5th) calendar
     year preceding the year of Retirement or termination is less than twelve
     (12), the fraction shall not apply and the member's Compensation for the
     calendar year in which Retirement or termination occurs shall be deemed to
     be the sum of the Compensation earned in that year plus the Compensation
     earned in the fifth (5th) calendar year next preceding said year. If a
     member's employment was less than 5 calendar years, his Average Annual
     Compensation shall be the average of his Compensation in all such years and
     credit for fractional years shall be recognized at the rate of 1/12 of a
     year for each full month.

The definition of Average Annual Compensation contained in this Section 4 of
Schedule I shall continue in effect indefinitely, subject nonetheless, to the
terms and conditions of Article XI of the Plan.

     5. Alternative Average Annual Compensation. The following definition of
Average Annual Compensation shall apply only for purposes of the benefit formula
contained in Section 7 of Schedule I, if that benefit formula utilizing said
definition contained in this Section 5 shall result in a larger amount than the
Service Pension provided under the Plan utilizing the definition of Average
Annual Compensation contained in Section 4 of this Schedule I or in Article II
of the Plan, or if the benefit formula provided in Section 8 of this Schedule I,
utilizing said definition of Average Annual Compensation contained in this
Section 5, is elected, pursuant to Section 8 of this Schedule I, by an Employee
who retires on a Service Pension prior to attaining age 62 satisfying the
eligibility requirements for a Service Pension under Section 8 of this Schedule
I as well as the eligibility requirements under the provisions of the Plan
utilizing the definition of Average Annual Compensation contained in Section 4
of this Schedule I or in Article II of the Plan.

          Average Annual Compensation shall mean the average annual Compensation
     of a member of the Plan for the five (5) calendar years (which need not be
     consecutive) of employment with the Company and its Affiliates during the
     final ten (10) calendar years of his service (including the year in which
     his termination of service occurs) in which such Employee received his
     highest amount of annual Compensation; provided that if an Employee served
     the Company and its Affiliates less than five (5) calendar years, his
     Average Annual Compensation, computed under this Section 5, shall be the
     average of his annual Compensation in all such years and if an Employee
     served the Company and its Affiliates less than ten (10) calendar years,
     all years of his service shall be taken into account in determining the
     five (5) calendar years in which he received his highest amount of annual
     Compensation.

     6. Vesting. If such Employee's service terminates before the completion of
ten (10) years of Vesting Service, he shall, if he has a minimum of five (5)
years of Vesting Service and if the total of his age and years of Vesting
Service is fifty (50) or more, be eligible for a Deferred

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 133
<PAGE>

Vested Pension computed in accordance with Section 6.3 of this Plan, subject to
the following schedule:

          Years of Vesting Service           Percent of Vested Pension
          ------------------------           -------------------------
                   5                                    50%
                   6                                    60%
                   7                                    70%
                   8                                    80%
                   9                                    90%
                  10                                   100%

Effective for Employees who are credited with an Hour of Service on or after
January 1, 1989, the foregoing special vesting schedule shall not apply and the
vesting schedule contained in Section 5.5 shall apply instead. In the case of
employees (if any) subject to a collective bargaining agreement, the preceding
sentence shall not apply before the earlier of (i) January 1, 1991, or (ii) the
later of January 1, 1989, or the date on which the last of the collective
bargaining agreements (if any) covering employees under the Plan terminates,
determined without regard to any extension thereof adopted after February 28,
1986.

     7. Benefit Formulas. Such Employee upon attainment of age 65 shall have the
right to Retire on his Normal Retirement Date with a fully vested and
nonforfeitable Service Pension which shall be based on the higher of:

          (a) the product of 1.4%, his years of Accredited Service and his
     Average Annual Compensation as defined in Section 5 of this Schedule I,
     less an amount equal to 1% for each year of Accredited Service up to a
     maximum deduction of 33% of the member's Social Security Old Age Benefit to
     which the member would be entitled under the Federal Social Security Act,
     in effect as of the date of Retirement if the member Retires at age 62 or
     later or for which the member first will be eligible at age 62 based on the
     schedule of Social Security benefits in effect as of the member's
     retirement date, assuming for the purpose of determining the Social
     Security Old Age Benefit that the member has no further Compensation after
     such retirement date, or

          (b) the product of the member's years of Accredited Service and the
     monthly benefit (multiplied by 12) based upon Average Annual Compensation
     as defined in Section 5 of this Schedule I, set forth in the following
     schedule:

          ----------------------------------------------------------------------

                           Average Annual Compensation        Benefit Per Month
                                                                  Per Year of
          From                     Up To                      Accredited Service

          ----------------------------------------------------------------------
          0                        10,799                              8.00
          ----------------------------------------------------------------------
          10,800                   11,199                              8.25
          ----------------------------------------------------------------------
          11,200                   11,599                              8.50
          ----------------------------------------------------------------------
          11,600                   11,999                              8.75
          ----------------------------------------------------------------------

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 134
<PAGE>

          ----------------------------------------------------------------------
          12,000                   12,399                              9.00
          ----------------------------------------------------------------------
          12,400                   12,799                              9.25
          ----------------------------------------------------------------------
          12,800                   13,199                              9.50
          ----------------------------------------------------------------------
          13,200                   13,599                              9.75
          ----------------------------------------------------------------------
          13,600                   13,999                              10.00
          ----------------------------------------------------------------------
          14,000                   14,399                              10.25
          ----------------------------------------------------------------------
          14,400                   14,799                              10.50
          ----------------------------------------------------------------------
          14,800                   15,199                              10.75
          ----------------------------------------------------------------------
          15,200                   15,599                              11.00
          ----------------------------------------------------------------------
          15,600                   15,999                              11.25
          ----------------------------------------------------------------------
          16,000                   16,399                              11.50
          ----------------------------------------------------------------------
          16,400                   16,799                              11.75
          ----------------------------------------------------------------------
          16,800                   and up                              12.00
          ----------------------------------------------------------------------

For purposes of this Schedule I, the term Social Security Old Age Benefit shall
mean an Employee's annual primary social security benefit (without deduction
therefrom on account of outside earnings or otherwise). Notwithstanding the
foregoing, an Employee may require, pursuant to the following procedures, that
his Social Security Old Age Benefit as estimated based upon the assumptions
contained in the Plan be recalculated on the basis of his actual earnings
history through the year immediately preceding the year in which he ceases to be
employed as an Employee. In order to obtain such recalculation, an Employee
shall, on the later of his Retirement Date or a date which is within one (1)
year after the date on which the Employee first received a final statement of
his benefit as of his Retirement Date, submit to the Committee a statement from
the Social Security Administration of his earnings for each year which is
relevant to and available for the determination of his old age insurance benefit
under Title II of the Federal Social Security Act. Upon its determination that
such statement contains no material errors, the Committee shall recalculate the
Employee's Social Security Old Age Benefit on the basis of his actual earnings
history as shown in such statement. If the Employee's Pension increases as a
result of such recalculation, the Employee's Pension shall be adjusted
accordingly. If such adjustment requires an increase in any payments previously
made to the Employee, the aggregate increase in such payments shall be paid to
the Employee in a single payment.

     8. Early Retirement. Such Employee, who on or before December 31, 1981, has
attained age 55 with 15 or more years of Accredited Service shall become
eligible to Retire with a Service Pension, which shall be computed in accordance
with Section 7 of this Schedule I, multiplied by the appropriate percentage from
the following table:

--------------------------------------------------------------------------------
Age at                              Years of Accredited Service
               -----------------------------------------------------------------
Retirement     25 or more                20 - 24                    15 - 19
--------------------------------------------------------------------------------
65             100%                      100%                       100%
--------------------------------------------------------------------------------
64             100%                      100%                       94%

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 135
<PAGE>

--------------------------------------------------------------------------------
63             100%                      100%                       88%
--------------------------------------------------------------------------------
62             100%                      100%                       82%
--------------------------------------------------------------------------------
61             100%                      100%                       79%
--------------------------------------------------------------------------------
60             100%                      100%                       76%
--------------------------------------------------------------------------------
59             100%                      74%                        74%
--------------------------------------------------------------------------------
58             100%                      72%                        72%
--------------------------------------------------------------------------------
57             100%                      70%                        70%
--------------------------------------------------------------------------------
56             100%                      68%                        68%
--------------------------------------------------------------------------------
55             100%                      66%                        66%
--------------------------------------------------------------------------------

If such Employee retires pursuant to this Section 8 of Schedule I at or after
attaining age 55 with at least 25 years of Accredited Service or at or after
attaining age 60 with at least 20 years of Accredited Service, he shall receive
until age 62 as his Service Pension an amount equal to the greater of (a) the
benefit determined in accordance with Section 7(a) of this Schedule I, without
taking into account the deduction on account of the Social Security Old Age
Benefit, or (b) the benefit determined in accordance with Section 7(b) of this
Schedule I, and after attaining age 62, an amount equal to the greater of (a)
the benefit determined in accordance with Section 7(a) of this Schedule I or (b)
the benefit determined in accordance with Section 7(b) of this Schedule I;
provided, that any such Employee who is or becomes eligible for a Service
Pension pursuant to this Section 8 and who shall also be eligible for a Service
Pension pursuant to Section 5.3 of the Plan, and who shall elect to Retire prior
to attaining age 62, shall be required, upon request of the Employee Benefits
Committee, irrevocably to elect, prior to the commencement of any payment of
benefits, between the Service Pension pursuant to this Section 8 of Schedule I
and the Service Pension provided under Section 5.3 of the Plan.

         9. Certain Early Retirement Eligible Employees. Any such member who on
or before December 31, 1981, satisfies the eligibility requirements for an Early
Retirement Pension pursuant to Section 8 of this Schedule I or Section 5.3 of
the Plan shall be eligible for and, upon written request filed with the Employee
Benefits Committee, shall be retired by the Employee Benefits Committee on a
Service Pension at the member's Early Retirement Date. Until such time as the
member files such request, the member shall be deemed to have remained a member,
notwithstanding anything contained in this Schedule I or the Plan to the
contrary, but the Early Retirement Pension to which the member shall be
entitled, shall be determined in accordance with the provisions of the Plan, as
supplemented by this Schedule I, in effect on the date of termination of service
of the member.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 136
<PAGE>

     10. Spouse's Pension. The surviving Spouse of any such Employee shall be
entitled to a Spouse's Pension if said Employee (i) dies while in service with
the Company having attained age 55 and completed 15 or more years of Accredited
Service, or (ii) dies while in service with the Company and whose age and years
of Accredited Service equal a minimum of 80 years. The Spouse's Pension for a
surviving Spouse of any such Employee meeting the eligibility requirements set
forth in the preceding sentence, shall be determined in accordance with Section
5.6 and Section 6.4 of the Plan. Any Spouse's Pension paid under this Section 10
of Schedule I (instead of under Section 6.4) shall commence in accordance with
the provisions of Section 6.4, as elected by the surviving Spouse, but not
earlier than the month next following the earliest date on which the deceased
Employee could have elected a Pension under Section 8 of this Schedule I if he
had not died and had earned no additional Accredited Service under the Plan.
Notwithstanding the first sentence of this Section 10, the surviving Spouse of
any such Employee who has earned a nonforfeitable right to a Pension shall be
entitled to a Spouse's Pension payable in accordance with Section 6.4 of the
Plan if the Employee dies before his Pension Commencement Date without having in
effect a valid waiver of the Spouse's Pension under Section 6.4(e) or 6.5(b).

     11. Form of Payment. If such Employee does not make any other election
under this Plan in respect to the form of payment of his Pension, he shall have
the right to receive the payment of his Pension in any one of the following
forms, subject to the provisions of the Plan governing the election of optional
forms of Pensions:

          (a) He may elect an annuity payable in monthly installments for the
     greater of the term of his life or ten years; provided that: (i) if he dies
     before receiving all payments for the ten year term, the remaining payments
     shall be made to his surviving Beneficiary, if any; (ii) if he dies before
     receiving all payments for the ten year term without any surviving
     Beneficiary the present value as of the date of his death of the remaining
     payments shall be paid in a lump sum to his estate; or (iii) if he dies
     before receiving all payments for the ten year term and his surviving
     Beneficiary dies before receiving all remaining payments, the present
     value, as of the date of the Beneficiary's death shall be paid in a lump
     sum to the Beneficiary's estate; or

          (b) He may elect an annuity payable in monthly installments for the
     greater of the term of his life or five years; provided that: (i) if he
     dies before receiving all payments for the five year term, the remaining
     payments shall be made to his surviving Beneficiary, if any; (ii) if he
     dies before receiving all payments for the five year term without any
     surviving Beneficiary, the present value as of the date of his death of the
     remaining payments shall be paid in a lump sum to his estate; or (iii) if
     he dies before receiving all payments for the five year term and his
     surviving Beneficiary dies before receiving all remaining payments, the
     present value, as of the date of the Beneficiary's death, of the payments
     remaining after the Beneficiary's death shall be paid in a lump sum to the
     Beneficiary's estate.

     12. Notwithstanding any provisions of the Plan or in Schedule I or II to
the contrary, the following terms and conditions shall not apply to any Employee
who was either a member of or a participant in the GTE Sylvania Pension Plan for
Salary Employees who transferred to the employment of GTE Products Corporation
during the period from December 27, 1976 to December 31, 1981 or who was a
member or participant in said Plan at the time of the merger of said Plan into
the GTE Products Corporation Plan, who incurred a break in service and who
returned to employment with GTE Sylvania Incorporated or an affiliated Company
prior to January 1, 1980:

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 137
<PAGE>

                  (i) The final clause of Article IV, Section 4, which states
". . . . provided that the Employee had one year of Vesting Service preceding
the break in service."

                  (ii) The final clause of Article IV, Section 8, which states
". . . . provided that the Employee had one year of Vesting Service preceding
the break in service."

Further, that all references to the phrase "provided that (or, in each such
case) the Employee had one year of Vesting Service preceding the break in
service" appearing in Sections 4(D)(1) and 4(D)(2) of the GTE Sylvania Pension
Plan for Salary Employees also shall not be applicable to any of the
above-described Employees who incurred breaks in service but who returned to
employment with GTE Sylvania Incorporated or an affiliated Company prior to
January 1, 1980.

     13. Subject to and specifically conditioned upon the prior receipt of a
favorable determination from the Internal Revenue Service, all Accumulated
Member Contributions and all Accumulated Profit Distributions, if any, in each
Member's Account, whether or not such Member is an Employee, shall be spun off
and transferred to a defined contribution profit-sharing plan sponsored by the
Company or an Affiliate and credited to the individual account established or
maintained thereunder for each such Member, thereafter to be subject to the
provisions of such plan, which may include the immediate withdrawal of all or
any portion of such transferred amounts as elected by the Member, whether or not
an Employee, with the consent of his Spouse. Upon said spin-off, the Member's
Retirement Pension under this Plan shall no longer include benefits attributable
to his accrued benefit derived from employee contributions (within the meaning
of section 411(c) of the Code).

     14. Such Employee who terminates from employment on or after December 31,
1985, and who is found by the Employee Benefits Committee to be an employee in
good standing and at the time he terminates for any cause other than death or
Retirement, and is released from service involuntarily and without fault or
delinquency on his part, shall have added to his Service Pension under Section 7
of this Schedule I an additional monthly benefit equal to (but not to be payable
from) one-half the amount, if any, of the Accumulated Member Contributions
credited to his Member Account as of December 31, 1985, divided by the
appropriate actuarial factor. The Employee Benefits Committee shall make all
determinations with respect to an Employee required under the preceding sentence
on the basis of objective standards adopted in advance by the Employee Benefits
Committee. For purposes of this Section 14, the appropriate actuarial factor
shall be 123.564.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                      Schedule I
                                                                        Page 138
<PAGE>

                                  SCHEDULE II

            SPECIAL PROVISIONS RELATING TO CERTAIN CONTEL EMPLOYEES

The following Schedule previously contained in the Products Plan shall apply, to
the extent applicable, to Former GTE Employees who were covered by this Schedule
under the Products Plan and who complete a Paid Hour of Service as an Employee
on or after January 1, 2002. References to the "Plan" in this Schedule shall be
read to refer to the Plan and/or the Products Plan, as appropriate.

     1.   Classified Employees (as defined in Section 7.9(b) of the Merger
          Agreement and Plan of Reorganization Dated as of August 7, 1990 By and
          Among GTE Corporation, GTE Exchange Corporation and Contel
          Corporation) ("Merger Agreement") who, on December 31, 1991, were
          active participants in the Contel Retirement Savings Plan (the
          "Savings Plan") and were eligible to receive Basic Employer
          Contributions as defined under the terms of the Savings Plan and who
          were transferred to the Plan on or before January 1, 1992 (the
          "Savings Participants") became eligible to participate in the Plan as
          of January 1, 1992.

     2.   For purposes of this Schedule II, the following words and phrases
          shall have the meanings set forth below:

          a.   "Contel Participant" shall mean a person who (i) is a Classified
               Employee (as defined in Section 7.9(b) of the Merger Agreement),
               (ii) became a participant in the Plan before July 1, 1992 (iii)
               transferred from a Contel business unit to a GTE business unit
               before July 1, 1992, (iv) was a participant in the Contel Plan
               before he transferred to a GTE business unit, (v) ceased accruing
               a benefit under the Contel Plan as of the date he transferred to
               a GTE business unit, and (vi) is an active employee as of June
               30, 1992 and has not commenced receiving benefits under either
               the Contel Plan or the Plan as of June 30, 1992. A Savings
               Participant who would be a Contel Participant except that he
               ceased accruing a benefit under the Contel Plan prior to the date
               that he transferred to a GTE business unit shall be treated as
               both a Savings Participant and a Contel Participant for purposes
               of this Schedule II; provided that he shall not receive credit
               under both Paragraph 3.a. and 3.b. of this Schedule II for the
               same period of service, and provided further that his normal
               retirement benefit under the Plan shall be determined solely
               under Paragraph 5 of this Schedule II.

          b.   "Contel Plan" shall mean the Contel System Pension Plan, as in
               effect on June 30, 1992, except where a different effective date
               is specified in this Schedule II.

          c.   "Contel Service" shall mean a Contel Participant's period of
               service as of his Transfer Date that is recognized for benefit
               accrual purposes under the terms of the Contel Plan.

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Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule II
                                                                        Page 139
<PAGE>

          d.   "Contel Service Benefit" shall mean a Contel Participant's
               accrued benefit determined as of his Transfer Date, in accordance
               with Sections 1.1 and 14.2 of the Contel Plan in effect on that
               date.

          e.   "GTE Benefit" shall mean (i) in the case of a Contel Participant
               whose normal retirement benefit is calculated under Paragraph
               5.a., below, the Contel Participant's GTE Service Benefit; and
               (ii) in the case of a Contel Participant whose normal retirement
               benefit is calculated under Paragraph 5.b., below, the difference
               between the Contel Participant's Total Service Benefit and his
               Contel Service Benefit.

          f.   "GTE Compensation" shall mean a Contel Participant's or Savings
               Participant's compensation determined under the definition of
               compensation set forth in the Plan that is used to determine a
               participant's benefits thereunder. GTE Compensation shall include
               the remuneration that the Contel Participant or Savings
               Participant received on or before his Transfer Date from Contel
               or from another company participating in the Contel Plan or the
               Savings Plan, whichever is applicable, but only to the extent
               that such remuneration is of a type that is recognized and taken
               into account under the Plan's definition of compensation.

          g.   "GTE Service" shall mean the Contel Participant's or Savings
               Participant's period of service after his Transfer Date that is
               recognized under the terms of the Plan for benefit accrual
               purposes.

          h.   "GTE Service Benefit" shall mean a Contel Participant's accrued
               benefit determined under the Plan's benefit formula and based on
               the Contel Participant's GTE Service and GTE Compensation.

          i.   "Total Service Benefit" shall mean a Contel Participant's accrued
               benefit determined solely under the Plan's benefit formula based
               on the Contel Participant's Contel Service and GTE Service and
               his GTE Compensation.

          j.   "Transfer Date" shall mean the date on which a Contel Participant
               ceased accruing benefits under the Contel Plan; or, in the case
               of a Savings Participant, December 31, 1991.

     3.   a.   For purposes of determining vesting and benefit eligibility
               (including eligibility for early retirement benefits, disability
               benefits, and other benefits), the Plan shall recognize the
               period of service with which a Contel Participant is credited as
               of his Transfer Date, for vesting and benefit eligibility
               purposes under the terms of the Contel Plan.

          b.   With respect to a Savings Participant, the Plan shall recognize
               the period of vesting service with which the Savings Participant
               is credited as of December 31, 1991, under the terms of the
               Savings Plan in effect on that date for purposes of determining
               both vesting and benefit eligibility (including, eligibility for
               early retirement benefits, disability benefits, and other
               benefits) under the Plan.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule II
                                                                        Page 140
<PAGE>

     4.   Effective January 1, 1992, the normal retirement benefit under the
          Plan of a Savings Participant shall be his accrued benefit determined
          under the Plan's benefit formula and based on his GTE Service and his
          GTE Compensation.

     5.   The normal retirement benefit under the Plan of a Contel Participant
          shall be equal to the greater of the following:

          a.   The sum of the Contel Participant's Contel Service Benefit and
               GTE Service Benefit; or

          b.   The Contel Participant's Total Service Benefit.

     6.   The early retirement benefits, optional forms of benefit, and
          ancillary benefits that are available under the Contel Plan, shall be
          available under the Plan to Contel Participants subject to the
          following conditions:

          a.   Early Retirement Benefits:

                   (1) A Contel Participant who as of July 1, 1992, has
          satisfied the requirements for an early retirement benefit under
          Section 4.3 of the Contel Plan shall be eligible to receive an early
          retirement benefit subject to the following conditions:

                           (a) if the Contel Participant's benefit is
                   determined under Paragraph 5.a., above, his Contel Service
                   Benefit shall be reduced in accordance with the Contel
                   Plan's early retirement reduction factors, and his GTE
                   Service Benefit shall not be reduced to reflect commencement
                   before his normal retirement date; and

                           (b) if the Contel  Participant's benefit is
                   determined under Paragraph 5.b., above, his Total Service
                   Benefit shall not be reduced to reflect commencement before
                   his normal retirement date.

                   A Savings Participant who, as of July 1, 1992, would have
                   satisfied the requirements for an early retirement benefit
                   under Section 4.3 of the Contel Plan, if the Savings
                   Participant had been a participant in the Contel Plan, also
                   shall be eligible to receive an early retirement benefit
                   subject to the foregoing conditions.

                   (2) A Contel Participant who, after July 1, 1992, satisfies
          the requirements for an early retirement benefit under Section 4.3
          of the Contel Plan, but who does not satisfy the requirements for
          an early retirement benefit under the Plan, shall be eligible to
          receive an early retirement benefit subject to the following
          conditions:

                           (a) if the Contel Participant's benefit is
                   determined under Paragraph 5.a., above, his Contel Service
                   Benefit shall be reduced in accordance with the Contel Plan's
                   early retirement reduction factors, and his GTE Service
                   Benefit shall be actuarially reduced from his normal
                   retirement date (using the Plan's early

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule II
                                                                        Page 141
<PAGE>

                   commencement factors that are applicable to deferred vested
                   pensions); and

                           (b) if the Contel Participant's benefit is
                   determined under Paragraph 5.b., above, his Total Service
                   Benefit shall be actuarially reduced from his normal
                   retirement date (using the Plan's early commencement factors
                   that are applicable to deferred vested pensions).

                   (3) A Contel Participant who, either before or after
          July 1, 1992, satisfies the requirements for an early retirement
          benefit under the Plan shall be eligible to receive an early
          retirement benefit pursuant to the terms of the Plan regardless of
          whether he has satisfied the requirements for an early retirement
          benefit under Section 4.3 of the Contel Plan, subject to the
          following conditions:

                           (a) if the Contel Participant's benefit is
                   determined under Paragraph 5.a., above, his Contel Service
                   Benefit shall be reduced in accordance with the Contel
                   Plan's early retirement reduction factors, and his GTE
                   Service Benefit shall be reduced in accordance with the
                   Plan's early retirement reduction factors; and

                           (b) if the Contel Participant's benefit is
                   determined under Paragraph 5.b., above, his Total Service
                   Benefit shall be reduced in accordance with the Plan's early
                   retirement reduction factors.

                   (4) Notwithstanding the foregoing provisions of this
          Section 6(a), there shall be no reduction for early
          commencement of any benefit payable with respect to a
          Contel Participant under this Schedule II if the Pension Participant
          has attained his Normal Retirement Date.

     b.   Deferred Vested Benefits:

                    (1) If a Contel Participant terminates from service with a
          nonforfeitable right to a benefit under Article 6 of the Contel Plan,
          he may elect to begin receiving his benefit under the Plan as of any
          date provided under Article 6 of the Contel Plan, or, if earlier, as
          of any date provided under the terms of the Plan.

                     (2) If a Contel Participant elects to receive his benefit
          as provided in Paragraph 6.b.(1), above, his entire benefit shall
          be reduced in accordance with the Plan's early commencement factors
          that are applicable to deferred vested pensions. However, in no
          event shall the amount of a Contel Participant's benefit determined
          as provided in the preceding sentence be less than the amount of his
          Contel Service Benefit reduced in accordance with the Contel Plan's
          early commencement factors that are applicable to deferred vested
          pensions.

     c.   Optional Forms of Payment:

                  (1) If a Contel Participant satisfies (either before or after
          July 1, 1992) the requirements for an optional form of benefit under
          the Contel Plan (other than any optional forms of benefit that are
          available solely with respect to a Transitional Benefit or

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule II
                                                                        Page 142
<PAGE>

          Special Minimum Benefit under Articles 14 and 15 of the Contel Plan),
          the Contel Participant may elect to receive his entire benefit in any
          optional form of benefit provided under the Contel Plan (including,
          but not limited to, a life and 5-year certain annuity, and the various
          qualified joint and survivor annuities available under Section 4.6B.
          of the Contel Plan), subject to the conditions specified in clause
          (2), below. If a Contel Participant satisfies (either before or after
          July 1, 1992) the requirements for an optional form of benefit under
          the Plan, the Contel Participant may elect to receive his entire
          benefit in any optional form of benefit provided under the Plan
          (including, but not limited to, a lump sum payment). Except as
          provided in Paragraph 7.c., below, with respect to certain
          grandfathered benefits, a Contel Participant's election of an optional
          form shall be applicable to his entire benefit.

               (2) If a Contel Participant elects to receive his benefit in a
          form that is available under both the Contel Plan and the Plan
          (including a lump sum payment of a vested accrued benefit whose value
          is $3,500 or less), his benefit shall be determined as follows:

                           (a) if the Contel Participant's benefit is determined
                  under Paragraph 5.a., above, the Contel Participant's Contel
                  Service Benefit payable in the form provided in Section 4.6A.
                  of the Contel Plan shall be converted to an actuarially
                  equivalent single life annuity ("Converted Contel Service
                  Benefit"), and then the actuarial factors or assumptions that
                  are applicable to the form elected as provided under the terms
                  of the Plan shall be applied to the Contel Participant's
                  Converted Contel Service Benefit and GTE Service Benefit; and

                           (b) If the Contel Participant's benefit under the
                  Plan is determined under Paragraph 5.b., above, the actuarial
                  factors or assumptions that are applicable to the form elected
                  as provided under the term of the Plan shall be applied to the
                  Contel Participant's entire benefit.

                  However, in no event shall the amount of a Contel
                  Participant's benefit determined as provided in subclause (a)
                  or (b), above, be less than the amount of the Contel
                  Participant's Contel Service Benefit payable in the same form
                  and determined on the basis of the actuarial factors or
                  assumptions that are applicable to the form elected as
                  provided under the terms of the Contel Plan.

                  (3) If a Contel Participant elects to receive his benefit in a
         form that is available solely under the Plan, the Contel Participant's
         entire benefit shall be determined on the basis of the actuarial
         factors or assumptions that are applicable to the form elected as
         provided under the terms of the Plan.

     d.  Ancillary Benefits: Except as provided in Paragraph 7.a., below, with
         respect to certain grandfathered benefits, a Contel Participant shall
         not be eligible under the Plan to receive any ancillary benefit
         (including, but not limited to any disability benefit not in excess
         of a "qualified disability benefit" under Section 411(a)(9) of the
         Code and any pre-retirement or post-retirement death benefit) that is
         available under the Contel Plan and that is a part of the Contel
         Participant's Contel Service Benefit. A Contel Participant's
         entitlement to any ancillary benefit under the Plan shall be
         determined solely by the terms of the Plan with respect to the Contel
         Participant's entire accrued benefit. The terms of the Plan shall
         determine the type, amount duration, and other characteristics of
         each ancillary benefit that is payable to a Contel Participant.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule II
                                                                        Page 143
<PAGE>

     7.   Provisions Applicable to Certain Grandfathered Benefits:

          a.   A Contel Participant shall be eligible under the Plan to receive
               any ancillary benefit that is part of a Transitional Benefit or
               Special Minimum Benefit provided under Articles 14 and 15 of the
               Contel Plan, including, but not limited to the Special Surviving
               Spouse Benefit that is provided for in Section 14.5 of the Contel
               Plan, but only with respect to the Contel Participant's
               Transitional Benefit or Special Minimum Benefit that has accrued
               as of June 30, 1992.

          b.   If a Contel Participant satisfies the requirements under Article
               14 or 15 of the Contel Plan for commencement of benefits before
               his normal retirement date, he may elect to receive his Contel
               Service Benefit pursuant to the terms of Article 14 or 15 of the
               Contel Plan. If a Contel Participant elects to begin receiving
               his Contel Service Benefit under Article 14 or 15 of the Contel
               Plan before he is otherwise eligible to receive his GTE Benefit,
               the Contel Participant shall begin receiving his GTE Benefit on
               the earliest date under the Plan on which a Contel Participant
               may begin receiving a benefit.

          c.   If a Contel Participant satisfies the requirements applicable to
               any optional forms of benefit that are available solely with
               respect to a Transitional Benefit or Special Minimum Benefit
               under Article 14 or 15 of the Contel Plan, the Contel Participant
               may elect to receive his Contel Service Benefit in any such
               forms. If a Contel Participant elects to receive his Contel
               Service Benefit pursuant to this Paragraph 7.c. in a form that
               includes a survivor annuity, the Contel Participant's GTE Benefit
               shall be payable under the Plan's automatic qualified joint and
               survivor annuity, with the same person receiving the survivor
               annuity under the Contel Service Benefit and the GTE Benefit. If
               a Contel Participant elects to receive his Contel Service Benefit
               pursuant to this Paragraph 7.c. in a form that does not provide a
               survivor annuity, the Contel Participant's GTE Benefit shall be
               payable as a straight life annuity.

     8.   Provisions Applicable to All Participants in the Plan:

          a.   Effective July 1, 1992, a participant in the Plan shall be
               eligible to elect to receive his benefits in the form of an
               annuity that is actuarially equivalent to the Plan's single life
               annuity and that provides equal monthly payments for the life of
               the participant, with the condition that if the participant dies
               before he has received 60 monthly payments, the participant's
               designated beneficiary shall receive monthly payments in the same
               amount as the participant until a total of 60 monthly payments
               have been made to the participant and his beneficiary combined.

          b.   Effective July 1, 1992, a participant in the Plan who terminates
               employment with 10 years of Accredited Service shall be eligible
               to commence receiving a deferred vested pension as of any date
               after he attains age 55. Except as provided in Paragraph 6.b.(2),
               above, with respect to Contel Participants, a participant's
               deferred vested pension shall be actuarially reduced from his
               normal retirement date using the Plan's early commencement
               factors that are applicable to deferred vested pensions.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule II
                                                                        Page 144
<PAGE>

          c.   Effective July 1, 1992, all pre-March 14, 1991 GTE pension plan
               or Contel System Pension Plan Vesting, Credited or Accredited
               Service and Savings Plan Vesting Service of current participants
               in the Plan that has not already been taken into account under
               the terms of the Plan will be considered to be Vesting Service or
               Accredited Service, as the case may be, for all purposes under
               the terms of the Plan, including vesting, eligibility and benefit
               computation purposes; provided that no participant shall be
               credited with Accredited Service pursuant to this Paragraph 8.c.
               if such participant is receiving a benefit under the Contel
               System Pension Plan with respect to such service.

          d.   Section 8.a and 8.b shall not apply to any participant who was an
               employee of GTE Products Corporation, GTE Valenite Corporation,
               or GTE Control Devices Incorporated, or who was an employee of
               GTE Laboratories Incorporated who was transferred to the
               Electrical Products Group prior to September 21, 1992; however,
               Sections 8.a and 8.b shall apply to any participant described
               above who was an employee of GTE Products Corporation or GTE
               Valenite Corporation and who, on or after May 1, 1994, was an
               employee of GTE Operations Support Incorporated.

          e.   The following provisions are effective January 1, 2002 for a
               Contel Participant who is an Employee on or after January 1,
               2002:

               (1) A GTE Service Benefit shall be determined only with respect
          to any non-cash balance formula that may apply to the Contel
          Participant under the Plan and only for so long as such formula
          applies to such participant (e.g., for a Contel Participant who is not
          a Transition-Eligible Employee, there is no accrual under a non-cash
          balance formula after May 31, 2004 and, therefore, no accrual after
          May 31, 2004 for the GTE Service Benefit).

               (2) Any references in this Schedule to reductions for early
          commencement, for early retirement or for commencement prior to normal
          retirement date shall apply solely with respect to non-cash balance
          formulas applicable to the participant. Amounts payable before (or on
          or after) normal retirement date under the Plan's cash balance formula
          shall be determined as described in the main text of the Plan.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule II
                                                                        Page 145
<PAGE>

                                  SCHEDULE III

            SPECIAL PROVISIONS RELATING TO INDIVIDUALS WHO TRANSFER
                   EMPLOYMENT TO BALTIMORE TECHNOLOGIES PLC

     This Schedule III describes the special treatment of certain former
Employees under the Products Plan who (i) were Transferred Employees under the
Stock Purchase Agreement (the "Agreement") dated January 16, 2000, among Contel
Federal Systems, Inc., GTE Cybertrust Solutions Incorporated, and Baltimore
Technologies PLC ("Baltimore") and (ii) directly transferred employment from the
Company (as defined in the Products Plan) to Baltimore as of the closing (the
"Closing") under the Agreement. Each such Transferred Employee shall be subject
to the special provisions in this Schedule III (in addition to any other
applicable provisions of the Plan).

     Such a Transferred Employee who as of May 18, 1999 under the Products Plan,
(A) had combined age and years of Accredited Service of at least 66 and (B) had
at least 10 years of Accredited Service (and each such Transferred Employee who
as of May 18, 1999, was otherwise within 5 years of Normal Retirement Age) shall
be credited with:

     (a) For purposes of determining his eligibility for early retirement or an
unreduced Service Pension under the terms of the Products Plan as in effect at
the Closing for purposes of Section 6A.11, additional years of age for the
period after the date of his employment transfer and before his Pension
Commencement Date;

     (b) Additional years of service for the period of his continuous employment
with Baltimore for purposes of determining eligibility for early retirement
under the terms of the Products Plan as in effect at the Closing for purposes of
Section 6A.11 (but in no event for purposes of determining Accredited Service
under the Products Plan, except to the extent Accredited Service is used to
determine eligibility for early retirement under the Products Plan); and

     (c) Additional Monthly Compensation, to determine Average Annual
Compensation for purposes of calculating any Pension payable pursuant to Section
6A.11, during the period of his continuous employment with Baltimore determined
as if the Transferred Employee's Monthly Compensation (as modified below) from
the Company at the time of his transfer of employment increased at an annual
rate of 3.5%. Monthly Compensation, for this purpose, shall mean the mean
average of a Transferred Employee's Monthly Compensation for the twelve (12)
calendar months immediately preceding the calendar month in which the transfer
of employment occurs. The 3.5% imputed increase in Monthly Compensation shall
apply on an annual (rather than monthly) basis, beginning with the first
calendar month following the calendar month in which the transfer of employment
occurs.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                    Schedule III
                                                                        Page 146
<PAGE>

                                  SCHEDULE IV

                     SPECIAL PROVISIONS RELATING TO CERTAIN
            EMPLOYEES INVOLVED WITH THE JUNE 28, 2000 INITIAL PUBLIC
               OFFERING OF GENUITY INC. OR ANY AFFILIATE THEREOF

     This Schedule IV describes the special treatment of an Employee under the
Products Plan who both (i) became or remains employed by BBN Corporation or an
affiliate thereof pursuant to the June 28, 2000 initial public offering (the
"IPO") of Genuity Inc. or any affiliate thereof ("Genuity"), and (ii)
participated in the Products Plan immediately prior to the IPO (a "Genuity
Transferred Employee"). Each such Genuity Transferred Employee shall be subject
to the following special provisions (in addition to any other applicable
provisions of the Plan):

     (a) During the five-year period beginning on the date of the IPO, a Genuity
Transferred Employee shall be credited with:

                  (i) Additional years of age for the period after the date of
         the IPO and preceding his Pension Commencement Date for purposes of
         determining his eligibility for early retirement or an unreduced
         Service Pension under the Products Plan for purposes of Section 6A.11;

                  (ii) Additional years of service for the period of his
         continuous employment with Genuity or any of its affiliates (excluding
         the Company and its Affiliates) for purposes of determining eligibility
         for early retirement under the Products Plan for purposes of Section
         6A.11 (but in no event for purposes of determining Accredited Service
         under the Products Plan, except to the extent Accredited Service is
         used to determine eligibility for early retirement under the Products
         Plan);

                  (iii) Additional years of Vesting Service for the period of
         his continuous employment with Genuity or any of its affiliates
         (excluding the Company and its Affiliates); and

                  (iv) Additional Monthly Compensation, to determine Average
         Annual Compensation under the Products Plan for purposes of calculating
         any Pension payable pursuant to Section 6A.11, during the period of his
         continuous employment with Genuity or any of its affiliates (excluding
         the Company and its Affiliates) determined as if the Genuity
         Transferred Employee's Monthly Compensation (as modified below) from
         the Company at the time of his transfer of employment increased at an
         annual rate of 3.5%. Monthly Compensation, for this purpose, shall mean
         the mean average of a Genuity Transferred Employee's Monthly
         Compensation for the twelve (12) calendar months immediately preceding
         the calendar month in which the transfer of employment occurs. The 3.5%
         imputed increase in Monthly Compensation shall apply on an annual
         (rather than monthly) basis, beginning with the first calendar month
         following the calendar month in which the transfer of employment
         occurs. If the Genuity Transferred Employee is rehired by the Company
         (or any successor thereto that sponsors the Plan) during the five-year
         period beginning on the date of the IPO, the Genuity employee shall be
         credited under the Products Plan or the Plan, as applicable, with
         Monthly Compensation for his employment with Genuity at the rate
         imputed pursuant to the foregoing provisions of this subsection
         (a)(iv).

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule IV
                                                                        Page 147
<PAGE>

     (b) Genuity Transferred Employees shall not be eligible to participate in
the Products Plan or the Plan after the date of the IPO except to the extent a
Genuity Transferred Employee subsequently becomes an Employee eligible to
participate in such Plan pursuant to its otherwise applicable terms, such as by
reason of rehire by the Company (or any successor thereto that sponsors the
Plan).

     (c) The provisions of this Schedule IV shall apply only during the period
when the Company determines Genuity is outside of the "controlled group" of the
Company and outside of "common control" with the Company within the meaning of
Sections 414(b) and (c), respectively, of the Code. If and when Genuity becomes
part of the "controlled group" of or under "common control" with the Company, as
determined by the Company, the otherwise applicable terms of the Plan shall
apply.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule IV
                                                                        Page 148
<PAGE>

                                   SCHEDULE V

            SPECIAL PROVISIONS RELATING TO INDIVIDUALS WHO TRANSFER
               EMPLOYMENT TO THE VERIZON WIRELESS JOINT VENTURE

This Schedule V relates to Employees who transfer employment from the Company or
an Affiliate to the Cellco Partnership (d/b/a Verizon Wireless), Verizon
Wireless of the Southeast, Inc. or an "Affiliate" of either (substituting Cellco
Partnership or Verizon Wireless of the Southeast, Inc. for Company in such
definition, but without regard to the last paragraph of Section 11A.1(b))
(collectively, "Verizon Wireless"). Each such Employee shall receive credit for
his service with Verizon Wireless on and after such transfer for purposes of
determining such Employee's Vesting Service under the Plan; provided, however,
that this provision shall not result in the crediting of service that is already
credited to the Employee as Vesting Service under another provision of the Plan.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule V
                                                                        Page 149
<PAGE>

                                  SCHEDULE VI
      EXCLUSION OF BBN CORPORATION, BBN TECHNOLOGIES AND RELATED EMPLOYEES

Those employees of BBN Corporation, BBN Technologies, GTE Technology
Corporation, BBNT Solutions LLC, Federal Networks Systems LLC or any affiliate
of any of these entities who are identified as being eligible for a profit
sharing allocation under the GTE Savings Plan (the "Verizon Savings Plan for
Management Employees" effective January 1, 2002) or the GTE Hourly Savings Plan
(the "Verizon Savings and Security Plan for West Region Hourly Employees"
effective January 1, 2002) shall not be eligible to participate in the Plan.
These individuals shall be identified on a list that is prepared (and updated as
appropriate) in connection with the profit sharing eligibility provisions under
the savings plans and which shall be sent to the Verizon GTE Benefits Center for
purposes of Plan administration.

-------------------------------------------
Verizon Enterprises Management Pension Plan
Restated January 1, 2002
                                                                     Schedule VI
                                                                        Page 150

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