Exhibit 10.67

 

SunTrust Bank, Inc. 401(k) Excess Plan

Enrollment and Investment Option Form

2005 Plan Year

 

The purpose of the SunTrust Banks, Inc. 401 (k) Excess Plan is to replace
benefits lost as a result of certain government limits on the amount that can be
contributed under the qualified 401 (k) Plan.

 

Enrollment

 

  ¨ I elect not to participate in the 401(k) Excess Plan for the year 2005.
(Qualified Plan deferral rates must be elected via BENE if not participating in
the Excess Plan.)

 

In order to participate in the 401 (k) Excess Plan, you must make an irrevocable
election to contribute the maximum to the qualified plan ($14,000 in 2005). This
election can be any percentage from 1 - 20% as long as the result is maximum
contributions to the qualified plan. Contributions are not directed to the
Excess Plan until the $14,000 limit is reached.

 

  ¨ I elect to participate in the 401 (k) Excess Plan for the year 2005 and
defer:

 

             % to the Qualified Plan

 

             % to the Excess Plan

 

After 12/31/04, these elections become irrevocable for 2005.

 

Investment Direction

 

For 2005 I elect to have my Excess Plan contributions to the SunTrust 401(k)
Excess Plan invested according to the investment mix indicated below (in 1%
increments to total 100%):

 

Allocation %

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Fund

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     STI Classic Small Cap Growth Stock Fund - SSCTX      STI Classic Mid-Cap
Equity Fund - SAGTX      STI Classic Capital Appreciation Fund - STCAX      STI
Classic Growth and Income Fund - CRVAX      STI Classic Value Income Stock Fund
- STVTX      STI Classic Investment Grade Bond Fund - STIGX      STI Classic
Short-Term Bond Fund - SSBTX      STI Classic Prime Quality Money Market Fund

 

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Payment Option for Deferrals Made after 1/1/2005

 

The normal form of payment is a single lump sum. The 401(k) Excess Plan also
provides for five annual installments if elected before January 1, 2005.

 

You will be permitted to make the installment election at a later date, but to
do so you must meet three conditions:

 

  1. You must make your election at least 12 months before the date when the
lump sum would have been paid (your intended retirement date);

 

  2. Your election will not take effect for 12 months after you make it (in the
event of your earlier retirement, disability or death);

 

  3. Your election must defer the first installment for at least five years from
the date the lump sum would have been paid, i.e. five years after disability,
death or termination. You will not be permitted to change an installment
election to a lump sum because that would result in the acceleration of your
distribution.

 

I elect to receive my cash benefit from the 401(k) Excess Plan when it becomes
payable as a result of my retirement, termination, disability, or death:

 

  ¨ in a lump sum.

 

The lump sum is paid no later than the end of the first quarter of the year
following your retirement, termination, disability, or death, based on the value
of your account at the month end prior to the payment.

 

  ¨ in five annual installments.

 

The first installment is paid no later than the end of the first quarter of the
year following your retirement, termination, disability, or death, or the fifth
year following your retirement, termination, disability or death if your
installment election is made after December 31, 2004. The first installment is
one-fifth of the value of your account at the month-end prior to payment.
Subsequent annual installments are paid no later than the end of the quarter
after the year-end allocation is completed.

 

You may change your election from lump sum to installment by submitting a
written request. You will not be permitted to change an installment election to
a lump sum because that would result in the acceleration of your distribution.

 

Authorization

 

I hereby authorize the Corporation to act in accordance with the choices
indicated above.

 

 

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    Print Full Name          Social Security Number

 

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    Signature          Date

 

Inter-Office Mail

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Regular Mail

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Clint Efird

GA-Atlanta-0636-G

 

Clint Efird

GA-Atlanta 0636-G

303 Peachtree Center Ave Suite 200

Garden Offices

Atlanta, GA 30303

 

If you have any questions, contact BENE at 800-818-2363, press * * 0 and ask to
speak to an Excess Plan specialist.

 

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