Exhibit 10.1
SUNTRUST BANKS, INC. ANNUAL INCENTIVE PLAN
Effective January 1, 2012
Section 1.       Name and Purpose
The name of this Plan is the SunTrust Banks, Inc. Annual Incentive Plan. The
purpose of the Plan is to promote the interests of the Corporation and its
stockholders through the granting of Awards to select employees of the
Corporation and its Subsidiaries in order to motivate and retain superior
employees who contribute in a significant manner to the actual financial
performance of the Corporation as measured against pre-established financial and
other goals.
Section 2.       Plan History, Term and Amendment
The Plan was established as the Management Incentive Plan (MIP) and was
originally approved by the Corporation's shareholders in 1995. The MIP was
amended and reapproved by the Corporation's shareholders in 2000 and 2005. The
MIP was last amended and restated effective as of January 1, 2010. The
Corporation's shareholders approved the material terms of the performance goals
for the amended and restated MIP at their annual meeting in 2010. The MIP is
hereby being amended (1) to change the name to the Annual Incentive Plan and (2)
to add “clawback” provisions permitting the Corporation to recover certain
amounts previously awarded or paid under the Plan. This amendment and
restatement does not impact the material terms of the performance goals approved
by the Corporation's shareholders in 2010 which will remain in effect without
further shareholder approval until the Corporation's annual meeting of
shareholders in 2015. The Plan shall continue for an indefinite term until
terminated by the Board; provided, however, that the Corporation and the
Committee after such termination shall continue to have full administrative
power to take any and all action contemplated by the Plan which is necessary or
desirable and to make payment of any Awards earned by Participants during any
then unexpired Plan Year. The Board or the Committee may amend the Plan in any
respect from time to time.
Section 3.       Definitions and Construction
A.   As used in this Plan, the following terms shall have the meanings
indicated, unless the context clearly requires another meaning:
1.         “Award” means the right to receive a cash payment which represents a
percentage of a Participant's Base Wages determined by the Committee in
accordance with Section 5 hereof in the event the Corporation, Subsidiary,
Business Unit or individual achieves the Financial Goals or other goals
established pursuant to Section 5.
2.         “Base Wages” means the base salary paid to a Participant by the
Corporation or a Subsidiary during a Plan Year, excluding bonuses, overtime,
commissions and other extra compensation, reimbursed expenses and contributions
made by the Corporation or a Subsidiary to this or any other employee benefit
plan maintained by the Corporation or a Subsidiary.
3.         “Board” means the Board of Directors of the Corporation.
4.         “Business Unit” means a division or other business unit of the
Corporation or a Subsidiary designated as a distinct entity for the purpose of
setting goals and measuring performance.
5.         “Code” means the Internal Revenue Code of 1986, as amended.
6.         “Committee” means the Compensation Committee of the Board or any
other Committee of the Board to which the responsibility to administer this Plan
is delegated by the Board; such Committee shall consist of at least two members
of the Board, who shall not be eligible to receive an Award under the Plan and
each of whom shall be a “disinterested” person within the meaning of Rule 16b-3
under the Securities Exchange Act of 1934 and shall be or be treated as an
“outside director” for purposes of Code section 162(m).

7.         “Corporation” means SunTrust Banks, Inc. and any successor.
8.         “Covered Employee” means for each calendar year the Chief Executive
Officer of the Corporation and the other most highly compensated executive
officers, as defined under Code section 162(m)(3), whose compensation would be
reportable on the “summary compensation table” under the Securities and Exchange
Commission's executive compensation disclosure rules, as set forth in Item 402
of Regulation S-K, 17 C.F.R. 229.402, under the Securities Exchange Act of 1934,
if the report was prepared as of the last day of such calendar year.
9.         “Change in Control” means a change in control of the Corporation of a
nature that would be required to be

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reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated
under the Securities Exchange Act of 1934 as in effect at the time of such
“change in control”, provided that such a change in control shall be deemed to
have occurred at such time as (i) any “person” (as that term is used in Sections
13(d) and 14(d)(2) of the Securities Exchange Act of 1934), is or becomes the
beneficial owner (as defined in Rule 13d-3 under the Securities Exchange Act of
1934) directly or indirectly, of securities representing 20% or more of the
combined voting power for election of directors of the then outstanding
securities of the Corporation or any successor of the Corporation; (ii) during
any period of two (2) consecutive years or less, individuals who at the
beginning of such period constitute the Board cease, for any reason, to
constitute at least a majority of such Board, unless the election or nomination
for election of each new director was approved by a vote of at least two-thirds
of the directors then still in office who were directors at the beginning of the
period; (iii) there is a consummation of any reorganization, merger,
consolidation or share exchange as a result of which the common stock of the
Corporation shall be changed, converted or exchanged into or for securities of
another corporation (other than a merger with a wholly-owned subsidiary of the
Corporation) or any dissolution or liquidation of the Corporation or any sale or
the disposition of 50% or more of the assets or business of the Corporation; or
(iv) there is a consummation of any reorganization, merger, consolidation or
share exchange unless (A) the persons who were the beneficial owners of the
outstanding shares of the common stock of the Corporation immediately before the
consummation of such transaction beneficially own more than 65% of the
outstanding shares of the common stock of the successor or survivor corporation
in such transaction immediately following the consummation of such transaction
and (B) the number of shares of the common stock of such successor or survivor
corporation beneficially owned by the persons described in Section 3A.9(iv)(A)
immediately following the consummation of such transaction is beneficially owned
by each such person in substantially the same proportion that each such person
had beneficially owned shares of the Corporation's common stock immediately
before the consummation of such transaction, provided (C) the percentage
described in Section 3A.9(iv)(A) of the beneficially owned shares of the
successor or survivor corporation and the number described in
Section 3A.9(iv)(B) of the beneficially owned shares of the successor or
survivor corporation shall be determined exclusively by reference to the shares
of the successor or survivor corporation which result from the beneficial
ownership of shares of common stock of the Corporation by the persons described
in Section 3A.9(iv)(A) immediately before the consummation of such transaction.
10.         “Employment” means continuous employment with the Corporation or a
Subsidiary from the beginning to the end of each Plan Year, which continuous
employment shall not be considered to be interrupted by transfers between the
Corporation and a Subsidiary or between Subsidiaries.
11.         “Final Value” means the value of an Award determined in accordance
with Sections 5 and 6 as the basis for payments to Participants at the end of a
Plan Year.
12.         “Financial Goals” means the financial objectives set by the
Committee for each Plan Year pursuant to Section 5 from one or any combination
of the following: (i) the Corporation's return over capital costs or increase in
return over capital costs; (ii) the Corporation's total earnings or the growth
in such earnings; (iii) the Corporation's consolidated earnings or the growth in
such earnings; (iv) the Corporation's earnings per share or the growth in such
earnings; (v) the Corporation's net earnings or the growth in such earnings;
(vi) the Corporation's earnings before interest expense, taxes, depreciation,
amortization and other non-cash items or the growth in such earnings; (vii) the
Corporation's earnings before interest and taxes or the growth in such earnings;
(viii) the Corporation's consolidated net income or the growth in such income;
(ix) the value of the Corporation's common stock or the growth in such value;
(x) the Corporation's stock price or the growth in such price; (xi) the
Corporation's return on assets or the growth on such return; (xii) the
Corporation's total shareholder return or the growth in such return; (xiii) the
Corporation's expenses or the reduction of expenses; (xiv) the Corporation's
sales growth; (xv) the Corporation's overhead ratios or changes in such ratios;
(xvi) the Corporation's expense-to-sales ratios or changes in such ratios;
(xvii) the Corporation's economic value added or changes in such value added;
(xviii) the market capitalization of the Corporation's stock; (xix) the
Corporation's revenue growth; (xx) the Corporation's efficiency ratios or the
changes in such ratios; (xxi) return on equity; (xxii) return on tangible
equity; (xxiii) cash return on equity; (xiv) cash return on tangible equity;
(xxv) net income available to common shareholders; (xxvi) book value per share;
(xxvii) pre-tax income or growth; (xxviii) operating earnings per share of stock
or growth (excluding one-time, non-core items); (xxix) cash earning per share of
stock or growth; (xxx) cash operating earnings per share of stock or growth
(excluding one-time, non-core items); (xxxi) cash return on assets;
(xxxii) operating leverage; (xxxiii) net interest margin; (xxxiv) Tier 1
capital; (xxxv) risk-adjusted net interest margin; (xxxvi) total risk-based
capital ratio; (xxxvii) tangible equity and tangible assets; (xxxviii) tangible
common equity and tangible assets; (xxxix) tangible book value and share;
(xl) loan balances or growth; (xli) deposit balances or growth; (xlii) low cost
deposit balances or growth; or (xliii) with respect to participants other than
Covered Employees, such other financial performance measures deemed appropriate
by the Committee.
13.         “Participant” means a select employee of the Corporation and/or its
Subsidiaries who is selected by the Committee or the Committee's delegate to
participate in the Plan based upon the employee's substantial contributions to
the future growth and future profitability of the Corporation and/or its
Subsidiaries.

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14.         “Plan” means the SunTrust Banks, Inc. Annual Incentive Plan as
amended and restated in this document and all subsequent amendments.
15.         “Plan Year” means a single calendar year period as set by the
Committee which commences on the first day of such period.
16.         “Proportionate Final Value” means the product of a fraction, the
numerator of which is the actual number of days in a Plan Year that an employee
was employed by the Corporation or a Subsidiary and the denominator of which is
the total number of days in that Plan Year, multiplied by the Final Value of an
Award. Alternatively, the Committee may, in its discretion and on a consistent
basis for all similarly situated Participants, determine the Proportionate Final
Value of an Award as the product of the “specified percent,” if any, determined
in accordance with Sections 5 and 6 as the basis for the payment to a
Participant at the end of the Plan Year to which the Award relates, multiplied
by the Base Wages actually paid to the Participant in such Plan Year.
17.         “Subsidiary” means any bank, corporation or entity which the
Corporation controls either directly or indirectly through ownership of fifty
percent (50%) or more of the total combined voting power of all classes of stock
of such bank, corporation or entity, except for such direct or indirect
ownership by the Corporation while the Corporation or a Subsidiary is acting in
a fiduciary capacity with respect to any trust, probate estate, conservatorship,
guardianship or agency.
18.         “Termination Value” means the value of an Award as determined by the
Committee, in its absolute discretion, upon the early termination of a Plan
Year, which value shall be the basis for the payment of an Award to a
Participant, in accordance with Section 8A or 8B of the Plan based on the
Participant's Employment prior to the early termination of such Plan Year.
B.   In the construction of the Plan, the masculine shall include the feminine
and the singular shall include the plural in all instances in which such
meanings are appropriate. The Plan and all agreements executed pursuant to the
Plan shall be governed by the laws of Georgia (excluding its choice-of-law
rules).
Section 4.       Committee Responsibilities
A.   The Committee may, from time to time, adopt rules and regulations and
prescribe forms and procedures for carrying out the purposes and provisions of
the Plan. The Committee shall have the sole and final authority to designate
Participants, determine Awards, designate the Plan Year, determine Financial
Goals and other goals, determine Final Value of Awards, and answer all questions
arising under the Plan, including questions on the proper construction and
interpretation of the Plan. Any interpretation, decision or determination made
by the Committee shall be final, binding and conclusive upon all interested
parties, including the Corporation and its Subsidiaries, Participants and other
employees of the Corporation or any Subsidiary, and the successors, heirs and
representatives of all such persons. The Committee shall use its best efforts to
ensure that Awards to Covered Employees under the Plan qualify as
“performance-based compensation” for purposes of Code section 162(m).
B.   Subject to the express provisions of the Plan and within the first ninety
(90) days of a calendar year (or such time as may be permitted for Awards paid
for such year to be treated as performance-based compensation under Code section
162(m)), the Committee shall in writing:
1.         Designate the Plan Year which shall begin on the first day of such
year.
2.         Designate the Participants for each such Plan Year.
3.         Establish the Financial Goals or other goals for the Corporation,
designated Subsidiaries and Business Units and Participants for each such Plan
Year.
4.         Establish the method of calculating the Final Value of each Award.
5.         Authorize management (a) to notify each Participant that he has been
selected as a Participant and to inform him of the Financial Goals or other
goals that have been established for such Plan Year and (b) to obtain from him
such agreements and powers and designations of beneficiaries as it shall
reasonably deem necessary for the administration of the Plan.
C.   During any Plan Year, the Committee may, if it determines that it will
promote the purpose of the Plan, designate as additional Participants any
employees of the Corporation and its Subsidiaries who have been hired,
transferred or promoted into a position eligible for participation in the Plan.
The individual's designation as a Participant shall be subject to the same
restrictions, limitations, Financial Goals or other goals and other conditions
as those held by other Participants for the same Plan Year and their
participation may be made retroactive to the first day of such Plan Year.

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D.   During any Plan Year, the Committee may, if it determines it will promote
the purpose of the Plan, revoke the Committee's prior designation of an employee
as a Participant under the Plan for a Plan Year.
E.   For Participants other than Covered Employees subject to Section 5A, the
Committee may revise the Financial Goals or other goals for any Plan Year to the
extent the Committee, in the exercise of its absolute discretion, believes
necessary to achieve the purpose of the Plan in light of any unexpected or
unusual circumstances or events, including, but not limited to, changes in
accounting rules, accounting practices, tax laws and regulations, or in the
event of mergers, acquisitions, divestitures, unanticipated increases in Federal
Deposit Insurance premiums, and extraordinary or unanticipated economic
circumstances.
F.   The Committee may delegate any of its responsibilities under this Plan to
such members of management of the Corporation as the Committee shall select,
provided that no such delegation shall be made that has the effect of causing an
Award to a Covered Employee to fail to qualify as “performance-based
compensation” for purposes of Code section 162 (m).
Section 5.       Goals
A.   Financial Goals for Covered Employees
This Section 5A applies to each Participant who the Committee expects to be a
Covered Employee and any other Participant, as determined by the Committee in
its discretion. For each Plan Year, the Committee shall establish for each
Participant who is expected to be a Covered Employee and, at the Committee's
discretion, for any other Participant one or more Financial Goals. These
Financial Goals may be established in any manner the Committee deems
appropriate, including achievement on an absolute or a relative basis as
compared to peer groups or indexes, and these goals may be established as
multiple goals or as alternative goals. The Committee shall determine the Final
Value of each Award as a specified percent of the Participant's Base Wages based
on the attainment of such Financial Goals for the Plan Year. The Committee shall
fix a minimum Financial Goal for the Plan Year, and the Final Value of an Award
shall be equal to zero if the minimum Financial Goal is not achieved. The
Committee may also fix a maximum Financial Goal and such other Financial Goals
which fall between the maximum and minimum Financial Goals as the Committee
shall deem appropriate, with corresponding Final Values for such Awards with
respect to the Corporation. Subject to Section 6B, Awards will be determined
based upon achieving or exceeding the Financial Goals set by the Committee, and
the Committee may establish Financial Goals with the expectation and
understanding that the Committee nevertheless will reduce a Covered Employee's
Award based on the achievement of such Financial Goals in accordance with
Section 6B to a level commensurate with a Covered Employee's achievement of
other goals set by the Committee. Straight line interpolation will be used to
calculate Awards when performance falls between any two specified Financial
Goals. In determining whether any Financial Goal has been satisfied, the
Committee may exclude any or all extraordinary items (as determined under U.S.
generally accepted accounting principles), and any other unusual or
non-recurring items, including but not limited to, charges or costs associated
with restructurings of the Corporation, discontinued operations and the
cumulative effects of accounting changes. In addition, the Committee may adjust
any Financial Goal for a Plan Year as it deems equitable to recognize unusual or
non-recurring events affecting the Corporation, changes in tax laws or
accounting procedures and any other factors as the Committee may determine
(including adjustments that would result in the Corporation's payment of
non-deductible compensation). The Committee shall identify any such exclusions
and adjustments which the Committee will use to determine whether a Financial
Goal has been satisfied by a Covered Employee when the Committee sets the
related Financial Goals. No Participant may receive an Award in excess of $5
million for any given Plan Year.
B.   Goals for Other Participants
For each Plan Year, the Committee may establish for each Participant (other than
a Participant who is expected to be a Covered Employee) goals in addition to or
in lieu of any Financial Goals established under Section 5A based on the
performance of the Corporation, a Subsidiary, a Business Unit or the individual
or any combination of the foregoing. These goals may be established based on a
combination of financial measurements and non-financial measurements that are
deemed to further corporate objectives, including such measurements as business
unit net income, revenue growth, budget management, achievement of talent
management objectives, achievement of corporate objectives, individual
objectives, and service quality. Straight line interpolation will be used to
calculate Awards when results fall between any two specified goals established
under this Section 5B. No Participant may receive an Award in excess of $5
million for any given Plan Year.
Section 6.       Payment of Awards
A.   Promptly after the date on which the necessary information for a particular
Plan Year becomes available, the Committee, or such persons as the Committee
shall designate, shall determine in accordance with Section 5 the extent to
which the Financial Goals or other goals have been achieved for such Plan Year
and authorize the cash payment of the Final Value of an Award, if any, to each
Participant. The Committee shall review and ratify the Award determinations and
shall certify such

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Award determinations in writing. Payment of Awards shall be made in the year
following the relevant Plan Year and as soon as practical after the
certification of Awards by the Committee, but no later than March 15 of the year
following the Plan Year to which the Award relates. Each Award shall be paid in
cash after deducting the amount of applicable Federal, state, and local
withholding taxes of any kind required by law to be withheld by the Corporation.
All Awards, whether paid currently or paid under any plan which defers payment,
shall be payable out of the Corporation's general assets. Each Participant's
claim, if any, for the payment of an Award, whether made currently or made under
any plan which defers payment, shall not be superior to that of any general and
unsecured creditor of the Corporation. If an error or omission is discovered in
any of the determinations, the Committee shall cause an appropriate equitable
adjustment to be made in order to remedy such error or omission.
 
B.   Notwithstanding the terms of any Award and the achievement of any
Performance Goals, the Committee in its sole and absolute discretion may reduce
the amount of the Award payable to any Participant for any reason, recognizing
on the one hand that the Committee may establish Financial Goals with the
expectation and understanding that the Committee nevertheless will reduce a
Covered Employee's Award based on the achievement of such Financial Goals in
accordance with this Section 6B to a level commensurate with a Covered
Employee's achievement of other goals set by the Committee and recognizing on
the other hand that the Committee may determine (among other things) that the
Financial Goals or other goals underlying an Award had become an inappropriate
measure of achievement for a Participant, that there was a change in the
Participant's employment status, position or duties or in the Committee's
expectation of his or her level of performance or that the Participant was
working for less than the entire Plan Year.
C.   In accordance with the terms set forth in the SunTrust Banks, Inc. Deferred
Compensation Plan, a Participant may elect to defer receipt of a portion of his
Award, if any, for each Plan Year, and any such election shall be made in
accordance with the procedures and limits established under such deferred
compensation plan.
 
Section 7.       Participation for Less Than a Full Plan Year
A.   Except as otherwise provided in this Section 7 or in Section 8 or except as
otherwise announced by the Committee, an Award to a Participant shall be
forfeited if the Participant's Employment terminates during the Plan Year to
which the Award relates or during the period January 1 through the last day of
February of the year immediately following the end of the Plan Year to which the
Award relates. If a Participant terminates Employment during the period
January 1 through the last day of February of the year immediately following the
end of the Plan Year to which an Award relates, and if such termination of
Employment is because of his death, his disability as described in Section 7C,
or his early or normal retirement or a reduction in force which results in a
severance benefit payment as described in Section 7D, then the Committee shall
waive the Employment condition and authorize the payment of the Award to the
Participant based on the Final Value, if any, of his Award, unless the Committee
in its discretion feels the Award should be forfeited. No payment is due the
Participant for any forfeited Award.
B.   If a Participant's Employment terminates prior to the end of any Plan Year
on account of his death, the Committee shall waive the Employment condition and
shall authorize the payment of an Award on behalf of such Participant in
accordance with Section 10B at the end of such Plan Year based on the
Proportionate Final Value, if any, of his Award, unless the Committee in its
discretion feels the Award should be forfeited.
C.   If a Participant's Employment terminates prior to the end of any Plan Year
on account of disability under a long-term disability plan maintained by the
Corporation or a Subsidiary, the Committee shall waive the Employment condition
and shall authorize the payment of an Award to such Participant at the end of
such Plan Year based on the Proportionate Final Value, if any, of his Award,
unless the Committee in its discretion feels the Award should be forfeited.
D.   If a Participant's Employment terminates prior to the end of any Plan Year
on account of his early retirement (age 55 plus 5 years of vesting service) or
normal retirement (the later of age 65 or 5 years of vesting service) as
determined under the terms of the SunTrust Banks, Inc. Retirement Plan, or on
account of a reduction in force which results in a severance benefit payment to
the Participant pursuant to the terms of the SunTrust Banks, Inc. Severance Pay
Plan or any successor to such plan, the Committee shall waive the Employment
condition and shall authorize the payment of an Award to such Participant at the
end of such Plan Year based on the Proportionate Final Value, if any, of his
Award, unless the Committee in its discretion feels the Award should be
forfeited.
 
Section 8.       Premature Satisfaction of Plan Conditions
A.   In the event a Change in Control occurs prior to the end of any Plan Year,
the Committee shall waive any and all Plan conditions and shall authorize the
payment of an Award immediately to each Participant based on the Termination
Value, if any, of his Award; provided, however, if an Award is then subject to
Code section 409A, the payment of such Award

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pursuant to this Section 8A shall not be made unless the Change in Control also
constitutes, and such payment is made upon, a change in the ownership or
effective control of the Corporation or in the ownership of a substantial
portion of the assets of the Corporation within the meaning of Code section
409A(a)(2)(A)(v).
B.   If a tender or exchange offer is made other than by the Corporation for
shares of the Corporation's stock and results in a “change of ownership or
control” within the meaning of Code section 162(m) prior to the end of any Plan
Year, the Committee may waive any and all Plan conditions and authorize, at any
time after the change in ownership or control and within thirty (30) days
following completion of such tender or exchange offer, the payment of an Award
immediately to each Participant based on the Termination Value, if any, of his
Award; provided, however, if an Award is then subject to Code section 409A, the
payment of such Award pursuant to this Section 8B shall not be made unless the
tender or exchange offer also constitutes, and such payment is made upon, a
change in the ownership or effective control of the Corporation or in the
ownership of a substantial portion of the assets of the Corporation within the
meaning of Code section 409A(a)(2)(A)(v).
C.   A Plan Year for an Award shall terminate upon the Committee's authorization
of the payment of such Award during such Plan Year pursuant to this Section 8
and no further payments shall be made for such Plan Year with respect to such
Award.
D.   If vesting of an Award is contingent on the Participant's Employment during
the period January 1 through the last day of February of the year immediately
following the end of the Plan Year to which an Award relates, and if a Change in
Control occurs during that period or if a tender or exchange offer is made by
another corporation during that period, as described in Section 8A or 8B above,
the Committee shall, in the event of such Change in Control, or may, at any time
after the change in ownership or control and within thirty (30) days following
completion of such tender or exchange offer, authorize the payment, at Final
Value, of all outstanding Awards to Participants in Employment on the last day
of the Plan Year to which the Awards relate. If any Award payable under this
Section 8D is then subject to Code section 409A, no payment shall be made unless
the Change in Control or such tender or exchange offer, as applicable, also
constitutes, and such payment is made upon, a change in the ownership or
effective control of the Corporation or in the ownership of a substantial
portion of the assets of the Corporation within the meaning of Code section
409A(a)(2)(A)(v).
Section 9.    Recovery of Awards
By accepting an Award, each Participant agrees to return to the Corporation (or
agree to the cancellation of) all or a portion of any Awards, both paid and
unpaid, previously granted to such Participant under the Plan (including
forfeiture of amounts voluntarily deferred into the SunTrust Banks, Inc.
Deferred Compensation Plan) based upon a determination made by the Committee
pursuant to Subsections A and B below. The Committee shall impose a clawback
authorized below only to the extent determined appropriate by the Committee. All
determinations by the Committee shall be final and binding. All references to
the “Committee” in this §10 shall include the Committee and the Committee's
designee.
A.Miscalculation of Performance Metric. If the Committee determines that a
financial metric upon which an Award was based was calculated incorrectly,
whether or not the Corporation is required to restate its financial statements
and without regard to whether such miscalculation was due to fraud or
intentional misconduct, the Committee may require reimbursement of all or part
of an Award previously paid to a Participant (including forfeiture of amounts
voluntarily deferred into the SunTrust Banks, Inc. Deferred Compensation Plan)
and/or authorize the cancellation of unpaid Awards in the amount by which any
such Award exceeded a lower payment that would have been made based on the
restated financial results. In addition, the Awards are subject to the clawback
requirements of (i) Section 954 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (regarding recovery of erroneously awarded compensation)
and implementing rules and regulations thereunder, (ii) similar rules under the
laws of other jurisdictions and (iii) policies adopted by the Corporation to
implement such requirements, all to the extent determined by the Committee in
its discretion to be applicable to any such Participant.

B.Detrimental Conduct. If the Committee in its sole discretion determines that a
Participant has engaged in Detrimental Conduct, then such Participant will not
be eligible to receive any Awards under the Plan and will be required to repay
to the Corporation all or a portion of the Awards previously paid (including
forfeiture of amounts voluntarily deferred into the SunTrust banks, Inc.
Deferred Compensation Plan) and/or will be subject to cancellation of unpaid
Awards to the extent determined appropriate by the Committee. “Detrimental
Conduct” means any one of the following: (1) the commission of an act of fraud
or dishonesty in the course of the Participants employment; (2) improper conduct
by the Participant including, but not limited to, fraud, unethical conduct,
falsification of the Corporation's records, unauthorized removal of Corporation
property or information, theft, violent acts or threats of violence,
unauthorized possession of controlled substances on the property of the
Corporation, conduct causing reputational harm to the Corporation or its
clients, or the use of Corporation property, facilities or services for
unauthorized or illegal purposes; (3) the improper disclosure by the Participant
of proprietary, privileged

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or confidential information of the Corporation or a Corporation client or former
client or breach of a fiduciary duty owed to the Corporation or a Corporation
client or former client; (4) the commission of a criminal act by the
Participant, whether or not performed in the workplace, that constitutes a
felony or a crime of comparable magnitude under applicable law as determined by
the Corporation in its sole discretion, or that subjects, or if generally known,
would subject the Corporation to public ridicule or embarrassment; (5) the
commission of an act or omission which causes the Participant or the Corporation
to be in violation of federal or state securities laws, rules or regulations,
and/or the rules of any exchange or association of which the Corporation is a
member, including statutory disqualification; (6) the Participant's failure to
perform the duties of Participant's job which are set forth in Participant's
written job description, written operating policies, inBalance goals or other
written document available to Participant and which in each case SunTrust views
as being material to Participant's position and the overall business of SunTrust
under circumstances where such failure is detrimental to the Corporation;
(7) the material breach of a written policy applicable to employees of the
Corporation including, but not limited to, the SunTrust Code of Business Conduct
and Ethics; (8) an act or omission by the Participant which results or is
intended to result in personal gain at the expense of the Corporation; or (9) an
other act or omission which constitutes “cause” as that term is defined in an
applicable offer letter or other applicable employment agreement between the
Corporation and the Participant.

Section 10.       Non-Transferability of Rights and Interests
A.   A Participant may not alienate, assign, transfer or otherwise encumber his
rights and interests under this Plan and any attempt to do so shall be null and
void.
B.   In the event of a Participant's death, the Committee shall authorize
payment of any Award due a Participant under Section 7B to the Participant's
designated beneficiary as specified or, in the absence of such written
designation or its effectiveness, then to his estate. Any such designation may
be revoked and a new beneficiary designated by the Participant by written
instrument delivered to the Committee.
Section 11.       Limitation of Rights
Nothing in this Plan shall be construed to give any employee of the Corporation
or a Subsidiary any right to be selected as a Participant or to receive an Award
or to be granted an Award other than as is provided herein. Nothing in this Plan
or any agreement executed pursuant hereto shall be construed to limit in any way
the right of the Corporation or a Subsidiary to terminate a Participant's
employment at any time, without regard to the effect of such termination on any
rights such Participant would otherwise have under this Plan, or give any right
to a Participant to remain employed by the Corporation or a Subsidiary in any
particular position or at any particular rate of remuneration.