Company: CMA
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0000028412-25-000135
Chunk: 74

Company: COMERICA INC
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 74
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, the value of the account balance is paid. As of December 31, 2024, Mr. Farmer and Mr. Herzog were eligible for early retirement.

| PROPOSAL 3: NON-BINDING, ADVISORY PROPOSAL APPROVING EXECUTIVE COMPENSATION |     | 73 |

• Normal retirement . Normal retirement age under the RIA is 65. As of December 31, 2024, none of the NEOs were eligible for normal retirement.

• Late retirement . Retirement after age 65, the normal retirement date, is a late retirement under the RIA. A participant who retires under the late retirement provision will receive a benefit equal to the greater of (i) a benefit calculated using accruals through the late retirement date and (ii) a benefit that consists of accruals under the prior final average pay formula as of the normal retirement date, actuarially increased to the late retirement date, plus any applicable accruals under the RIA cash balance formula. As of December 31, 2024, none of the NEOs were eligible for late retirement.

• Vested separated benefit . An eligible employee is vested in the RIA after three years of service. Such an employee receives a vested separated benefit at the time of termination even if such employee is not eligible for retirement. Any portion of the benefit that was accrued under the prior final average pay formula is reduced by a vested separated reduction factor for commencement prior to normal retirement age. For accruals under the RIA cash balance formula, the value of the account balance is paid. As of December 31, 2024, Mr. Sefzik and Ms. Crespi were eligible for a vested separated benefit.

• Disability . After attainment of age 50 and 15 years of service with Comerica, an eligible employee would receive a benefit in the event of total disability. As of December 31, 2024, Mr. Farmer and Mr. Herzog had satisfied the service requirements for disability benefits.

• Death . In the event of death, the account balance accrued under the RIA cash balance formula is paid to a designated beneficiary. If an eligible employee who has earned a vested accrued benefit under the prior final average pay formula dies prior to electing an optional form of benefit, the eligible employee’s surviving spouse or domestic partner, if any, would receive the same benefit that would be payable if the eligible employee had separated from service on the date of death and elected an immediate