EX-10.1



 Exhibit 10.1 
 AMENDED EXECUTIVE AGREEMENT 
 THIS AMENDED AGREEMENT between
FIFTH THIRD BANCORP, an Ohio Corporation, and its Subsidiaries (individually and collectively, the “Company”) and             (the “Executive”), effective as of
January 19, 2012, completely amends, restates and replaces that prior Executive Agreement between the parties which was effective as of January 1, 2009. 
 RECITALS: 
 WHEREAS, the Board of Directors of the Company (the
“Board”) recognizes that the possibility of a Change in Control (as hereinafter defined in Section 2(c)) exists and that the threat of or the occurrence of a Change in Control can result in significant distractions of its key
management personnel because of the uncertainties inherent in such a situation; and 
 WHEREAS, the Board has determined
that it is essential and in the best interest of the Company and its shareholders to retain the services of the Executive in the event of a threat or occurrence of a Change in Control and to ensure such Executive’s continued dedication and
efforts in such event without undue concern for personal financial and employment security; and 
 WHEREAS, in order to
induce the Executive to remain in the employ of the Company, particularly in the event of a threat of or the occurrence of a Change in Control, the Company desires to enter into this Agreement with the Executive. 

AGREEMENT: 

1. Term of Agreement. This Agreement will begin on January 19, 2012 and will continue in effect through
December 31, 2012. On December 31, 2012, and on the anniversary date of each term thereafter (a “Renewal Date”), the term of this Agreement will be extended automatically for an additional one-year period unless, not later than
30 days prior to such Renewal Date, the Company gives written notice to the Executive that it has elected not to extend this Agreement. Notwithstanding the above, if a “Change in Control” (as defined herein) of the Company occurs
during the term of this Agreement, the term of this Agreement will be extended for 24 months beyond the end of the month in which any such Change in Control occurs. 
 2. Definitions. The following defined terms shall have the meanings set forth below, for purposes of this Agreement: 

(a) Base Annual Salary. “Base Annual Salary” means the greater of (1) the highest annual rate of
base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is
terminated if no Notice of Termination is required). 
 (b) Cause. “Cause” means any of the
following: 







 (1) The Executive shall have committed a felony or an intentional act of
gross misconduct, moral turpitude, fraud, embezzlement, or theft in connection with the Executive’s duties or in the course of the Executive’s employment with the Company or any Subsidiary, and the Board shall have determined that such act
is materially harmful to the Company; 
 (2) The Company or any Subsidiary shall have been ordered or directed
by any federal or state regulatory agency with jurisdiction to terminate or suspend the Executive’s employment and such order or directive has not been vacated or reversed upon appeal; or 

(3) After being notified in writing by the Board to cease any particular Competitive Activity (as defined herein), the
Executive shall have continued such Competitive Activity and the Board shall have determined that such act is materially harmful to the Company. 
 For purposes of this Agreement, no act or failure to act on the part of the Executive shall be deemed “intentional” if it was due primarily to an error in judgment or negligence, but shall be
deemed “intentional” only if done or omitted to be done by the Executive not in good faith and without reasonable belief that the Executive’s action or omission was in the best interest of the Company. Notwithstanding the foregoing,
the Executive shall not be deemed to have been terminated for “Cause” under this Agreement unless and until there shall have been delivered to the Executive a copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the Board at a meeting called and held for such purposes, after reasonable notice to the Executive and an opportunity for the Executive, together with the Executive’s counsel (if the Executive chooses to have counsel present
at such meeting), to be heard before the Board, finding that, in the good faith opinion of the Board, the Executive had committed an act constituting “Cause” as defined in this Agreement and specifying the particulars of the act
constituting “Cause” in detail. Nothing in this Agreement will limit the right of the Executive or the Executive’s beneficiaries to contest the validity or propriety of any such determination. 

(c) “Change in Control” shall be deemed to have occurred if the conditions set forth in any one of the following
paragraphs shall have been satisfied: 
 (i) any person (as such term is used in Sections 13 (d) and 14
(d) of the Securities Exchange Act of 1934, as amended from time to time) (other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or indirectly by the common
shareholders of the Company in substantially the same proportions as their ownership of Stock of the Company), is or becomes the beneficial owner, directly or indirectly, of securities of the Company representing 25% or more of the combined voting
power of the Company’s then outstanding securities; or 

  
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 (ii) during any period of two (2) consecutive years
(not including any period prior to the Effective Date), individuals who at the beginning of such period constitute the Board and any new Director, whose election by the Board or nomination for election by the Company’s shareholders, was
approved by a vote of at least two-thirds ( 2/3) of
the Directors then still in office who either were Directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof; or 

(iii) the consummation of (1) the sale or disposition of all or substantially all the Company’s assets; or
(2) a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the surviving entity), at least 50% of the combined voting power of the voting securities of the Company (or such surviving entity) outstanding immediately after such merger or
consolidation; or 
 (iv) the shareholders of the Company approve a plan of complete liquidation of the Company.

 However, in no event shall a Change in Control be deemed to have occurred, with respect to the Executive, if the Executive is
part of a purchasing group which consummates the Change in Control transaction. The Executive shall be deemed “part of a purchasing group.” for purposes of the preceding sentence if the Executive is an equity participant or has agreed to
become an equity participant in the purchasing company or group (except for (i) passive ownership of less than 5% of the voting securities of the purchasing company or (ii) ownership of equity participation in the purchasing company or
group which is otherwise not deemed to be significant, as determined prior to the Change in Control by a majority of the continuing members of the Board who are not also Employees). 

(d) Code. “Code” means the Internal Revenue Code of 1986, as amended. 

(e) Competitive Activity. “Competitive Activity” means that Executive’s participation, without the
written consent of an officer of the Company, in the management of any business enterprise if such enterprise engages in substantial and direct competition with the Company and such enterprise’s revenues derived from any product or service
competitive with any product or service of the Company amounted to 10% or more of such enterprise’s revenues for its most recently completed fiscal year and if the Company’s revenues for such product or service amounted to 10% of the
Company’s revenues for its most recently completed fiscal year. “Competitive Activity” will not include (i) the mere ownership of securities in any such enterprise and the exercise of rights appurtenant thereto and
(ii) participation in the management of any such enterprise other than in connection with the competitive operations of such enterprise. 

  
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 (f) Disability; Disabled. “Disability” or
“Disabled” means that, as a result of the Executive’s incapacity due to physical or mental illness, the Executive shall be eligible for the receipt of benefits under the Company’s long term disability plan. 

(g) Employee Benefits. “Employee Benefits” means the perquisites, benefits, and service credit for
benefits as provided under any and all employee retirement income and welfare benefit policies, plans, programs, or arrangements in which the Executive is entitled to participate, including without limitation any stock option, stock purchase,
restricted stock, stock appreciation, interim awards and accrued and unpaid bonuses under the Variable Compensation Plan, accrued and unpaid performance units under the Incentive Compensation Plan, other awards under Stock and Incentive Plans,
savings, pension, supplemental executive retirement, or other retirement income or welfare benefit, deferred compensation, incentive compensation, group or other life, health, medical/hospital, or other insurance (whether funded by actual insurance
or self-insured by the Company), disability, salary continuation, expense reimbursement, and other employee benefit policies, plans, programs, or arrangements that may now exist or any equivalent successor policies, plans, programs, or arrangements
that may be adopted hereafter, providing perquisites, benefits, and service credit for benefits at least as great in a monetary equivalent as are payable thereunder prior to a Change in Control. 

(h) Employment Agreement. “Employment Agreement” means an executed employment agreement between the
Company and the Executive. 
 (i) Good Reason. “Good Reason” means the occurrence of any one or
more of the following: 
 (1) A material diminution in the Executive’s authority, duties or
responsibilities; 
 (2) A material diminution in the authority, duties, or responsibilities of the supervisor
to whom the Executive is required to report, including a requirement that the Executive report to a corporate officer or employee instead of reporting directly to the Board of Directors; 

(3) A material diminution in the budget over which the Executive retains authority; 

(4) A material diminution by the Company in the Executive’s base compensation (as that term is used in Treasury
Regulations under section 409A of the Code) as of the day immediately prior to a Change in Control of the Company and/or Executive’s Annual Award and Long-Term Award potential which existed immediately prior to such Change in Control under the
Company’s Variable Compensation Plan, Long-Term Incentive Plan, or any successor plans; 
 (5) A demand by
the Company that the Executive make a material relocation in the geographic area from the location where the Executive is currently based; 

  
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 (6) Any other action or inaction that constitutes a material breach by
Company of any agreement under which Executive provides services. 
 The existence of Good Reason shall not be affected by the
Executive’s incapacity due to physical or mental illness. The Executive’s continued employment shall not constitute a waiver of the Executive’s rights with respect to any circumstance constituting Good Reason under this Agreement. The
Executive must give notice to the Company within 90 days of the initial existence of the condition, and the Company shall have 30 days upon receipt of such notice to remedy the condition so as to eliminate “Good Reason.” 

(j) Incentive Compensation Plan. “Incentive Compensation Plan” means the Company’s Incentive
Compensation Plan approved and accepted by the Company’s Shareholders in 2004, as well as any successor plan. 
 (k) Long-Term Award. “Long-Term Award” means the total amount paid or payable to the Executive pursuant to Performance Shares or similar awards made to Executives under the provisions of
the Incentive Compensation Plan and any similar provisions under a successor plan. 
 (l) Notice of
Termination. “Notice of Termination” means a written notice indicating the specific termination provision in this Agreement relied upon and setting forth in reasonable detail the facts and circumstances claimed to provide a basis for
termination of the employment under the provision so indicated. 
 (m) Release. “Release” shall
mean a general release that releases, waives, remises, and forever discharges the Company from any and all claims that the Executive has against the Company, including any claims arising under state or federal statute, including all state and
federal employment discrimination laws including, but not limited to, Ohio Revised Code Chapter 4112 and Title VII of the Civil Rights Act of 1964; the Age Discrimination in Employment Act; the Employee Retirement Income Security Act; and any
applicable state, local, or common laws of similar intent, without exception. For purposes of the Release, the “Company” includes the Company as it is defined in this Agreement and as further defined to include all of the Company’s
past, present, and future assigns, successors, affiliates, parent and subsidiary organizations, divisions and Company’s, officers, directors, shareholders, employees, and agents of the same, as well as their heirs, executors, administrators,
successors, assigns, and other personal representatives, individually and in their respective corporate and personal capacities. 
 (n) Retirement. “Retirement” means having reached normal retirement age. 
 (o) Separation from Service. “Separation from Service” means the termination of employment with the Company and all related employers under section 414(b) or (c) of the Code. Whether
a termination of employment has occurred shall be determined based on whether the facts and circumstances indicate that the Executive reasonably anticipates that no further services would be performed after a certain date or


  
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that the level of bona fide services would permanently decrease to no more than 20 percent of the average level of bona fide services performed over the immediately preceding 36-month period (or
the full period of employment if the Executive has been employed less than 36 months). An Executive is not treated as having terminated employment while he is on military leave, sick leave or other bona fide leave of absence if the period of such
leave does not exceed six months, or if longer, so long as the individual retains a right to reemployment under an applicable statute or by contract. The determination of whether a Separation of Service has occurred shall be based on applicable
regulations and other applicable legal authority under section 409A of the Code. 
 (p) Severance Benefits.
“Severance Benefits” means the benefits described in Section 4 of this Agreement, as adjusted by the applicable provisions of Section 5 of this Agreement. 

(q) Stock and Incentive Plans. “Stock and Incentive Plans” means the Company’s 1990 Stock Option
Plan, the 1998 Stock Option Plan, the Incentive Compensation Plan and any other Stock and Incentive Compensation Plan that the Company may adopt from time to time. 

(r) Subsidiary and Subsidiaries. “Subsidiary” means any Company, bank, or other entity, a majority of the
voting control of which is directly or indirectly owned or controlled at the time by the Company. “Subsidiaries” means more than one Subsidiary. 
 (s) Transition Pay Plan. “Transition Pay Plan” means any transition or severance pay plan of the Company in effect as of the Effective Date of this Agreement, as well as any successor or
replacement plan. 
 (t) Variable Compensation Plan. “Variable Compensation Plan” means the
Variable Compensation Plan of the Company, authorized under the Incentive Compensation Plan and which provides for awards in the form of annual cash bonuses, and any successor plan. 

3. Eligibility for Severance Benefits. The Company or its successor shall pay or provide to the Executive the Severance
Benefits if the Executive has a Separation from Service and his employment is terminated voluntarily or involuntarily during the term of this Agreement, either: 
 (a) by the Company (1) at any time within 24 months after a Change in Control of the Company, or (2) at any time prior to a Change in Control but after the commencement of any discussions
with a third party relating to a possible Change in Control of the Company involving such third party, if such termination is in contemplation of such possible Change in Control and such Change in Control is actually consummated within 12 months
after the date of such termination, in either case unless the termination is on account of the Executive’s death or Disability or for Cause, provided that, in the case of a termination on account of the Executive’s Disability or for


  
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Cause, the Company shall give Notice of Termination to the Executive with respect thereto; or 
 (b) by the Executive for Good Reason (1) at any time within 24 months after a Change in Control of the Company or (2) at any time after the commencement of any discussions with a third
party relating to a possible Change in Control of the Company involving such third party, if such Change in Control is actually consummated within 12 months after the date of such termination, and, in any such case, provided that the Executive
shall give Notice of Termination to the Company with respect thereto. 
 For purposes of clarity, with respect to Section 3
above, an Executive who is collecting Disability benefits will not be eligible for benefits under this Agreement. An Executive who is no longer Disabled will be eligible for benefits under this Agreement if, in the period extending from
12 months before the Change in Control to 24 months after the Change in Control, either of the following occur: (1) the Executive attempts to return to his or her position, and no such position is available, or (2) the Executive
returns to employment and is subsequently terminated pursuant to Section 3(a) or Section 3(b) above. 
 4.
Severance Benefits. The Executive, if eligible under Section 3, shall receive the following Severance Benefits, adjusted by the applicable provisions of Section 5 (in addition to other Employee Benefits that the Executive was
otherwise entitled to): 
 (a) Base Annual Salary. In addition to any accrued compensation payable as of
the Executive’s termination of employment (either by reason of an Employment Agreement or otherwise), a lump sum cash amount equal to the Executive’s Base Annual Salary, multiplied by 2.99. 

(b) Variable Compensation. In addition to any interim award that the Company owes to the Executive under the
Variable Compensation Plan (or any similar provisions in a successor to the Variable Compensation Plan), the Executive shall be paid a lump sum cash amount equal to 2.99 times the target annual award under the Variable Compensation Plan for the
Executive’s job for the calendar year during which the Change in Control occurs. In order to be entitled to a payment pursuant to this Section 4(b), the Executive must have been a participant in the Company’s Variable Compensation
Plan at some time during the calendar year in which the Change in Control occurred or the calendar year immediately preceding the calendar year in which the Change in Control occurred. 

(c) Long-Term Incentive Compensation. Long-Term Awards granted to the Executive and outstanding at the time that a
Change in Control occurs shall be treated in the manner set forth in the Company’s Incentive Compensation Plan. 
 (d) Insurance Benefits. For a 36 month period after the date of his Separation from Service, the Company will arrange to provide to the Executive and family members who are currently covered and
remain eligible under the terms of the Medical Plan at the Company’s expense, with: 

  
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 (1) Health Care. Health care coverage comparable to that in effect
for the Executive immediately prior to the termination (or, if more favorable to the Executive, that furnished generally to salaried employees of the Company), including, but not limited to, hospital, surgical, medical, dental and prescription. Upon
the expiration of the health care benefits required to be provided pursuant to this subsection 4(d), the Executive shall be entitled to the continuation of such benefits under the provisions of the Consolidated Omnibus Budget Reconciliation Act
(COBRA). After the COBRA coverage expires if the Executive would have been eligible for retiree medical coverage they may elect that coverage at the current retiree medical rates. Health care benefits otherwise receivable by the Executive pursuant
to this subsection 4(d) shall be reduced to the extent comparable benefits are actually received by the Executive from a subsequent employer during the 36 month period following the date the employment is terminated and any such benefits
actually received by the Executive shall be reported by the Executive to the Company. For purposes of clarity and otherwise, to the extent the Executive receives any greater health care benefits or health care benefits for a longer time period under
an employment agreement between the Executive and the Company, the Company shall provide the Executive with the health care benefits described in the employment agreement. Health care benefits shall be paid in all events on or before the last day of
the calendar year following the calendar year in which the claim was incurred. 
 (2) Life Insurance.
Life and accidental death and dismemberment insurance coverage (including any supplemental coverage, purchase opportunity, and double indemnity for accidental death that was available to the Executive) equal (including policy terms) to that in
effect at the time Notice of Termination is given (or on the date the employment is terminated if no Notice of Termination is required) or, if more favorable to the Executive, equal to that in effect at the date the Change in Control occurs.

 In the event the Executive’s participation in any such plan or program is not permitted, the Company
will directly provide, at its discretion and at no after-tax cost to the Executive, either (1) the benefits to which the Executive would be entitled under such plans and programs either under an individual insurance policy or on a self-funded
basis; or (2) a lump-sum cash payment equal to the after-tax value of the benefits at the time provided in the last paragraph of Section 4. 
 (e) Retirement Benefits. As additional Severance Benefits, the Executive will be entitled to receive the amount of defined contribution retirement benefits Executive would have received from the
Company under all (qualified and nonqualified) defined contribution retirement plans (which shall not include severance plans) of the Company in which the Executive participates, had the Executive continued in the employ of the Company through the
end of the plan year containing the 36-month anniversary of the date of Executive’s Separation from Service. For this purpose, future plan changes 

  
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shall be disregarded and this additional period shall be inclusive of and shall not be in addition to any period of service credited under any severance plan of the Company. 

In all events, the amount of any profit sharing and matching contribution shall be based on the percentage paid to the
Executive in the year prior to the Change in Control or, if greater, the percentage amount being accrued by the Company prior to the Change in Control, and using as the contribution base, the Executive’s benefit under subsections 4(a) and 4(b).
For purposes of clarification, Executive shall receive such matching contribution amount without the need to make any of his own contributions. 
 In the case of any defined benefit plan (qualified or nonqualified) in which Executive has a benefit, if Executive is under age 60 on the first day of the month on or after Separation from Service, as an
additional Severance Benefit hereunder, Executive shall receive such additional lump sum amount he would receive under such plans determined as if he were to take a lump sum under such plans as of the first day of the month on or after his
Separation from Service, but computed as if he were age 60 as of such date. 
 Additional Severance Benefits
specified in this subsection are to be provided on an unfunded basis, are not intended to meet the qualification requirements of Section 401 of the Internal Revenue Code, and shall be payable solely from the general assets of the Company.
Payment shall be made as provided in the last paragraph of Section 4. 
 (f) Stock and Incentive
Plans. Stock, stock options, stock appreciation rights, restricted stock, restricted stock units, and other awards pursuant to Stock and Incentive Compensation Plan held by the Executive become exercisable upon a Change in Control according to
the terms of the Company’s Stock and Incentive Plans as interpreted by the Company’s Compensation Committee as such Committee existed immediately prior to the Change in Control. 

In computing and determining Severance Benefits under subsections 4(a), (b), (c), (d), (e), and (f) above, a decrease in the
Executive’s salary, incentive bonus potential, or insurance benefits shall be disregarded if such decrease occurs within six months before a Change in Control, is in contemplation of such Change in Control, and is taken to avoid the effect of
this Agreement should such action be taken after such Change in Control. In such event, the salary, incentive bonus potential, and/or insurance benefits used to determine Severance Benefits shall be that in effect immediately before the decrease
that is disregarded pursuant to this Section 4. 
 The Severance Benefits provided in subsections 4(a), (b) and
(e) and, as provided in subsection 4(d) above, shall be paid not later than 60 business days following the Executive’s Separation from Service, provided the Executive shall have no right to designate the taxable year of the payment.

 5. Payment Limitations. (a) Excise Tax Payment Limitation. Notwithstanding anything contained in any other
provision of this Agreement or any other agreement or plan to the contrary, the payments and benefits provided to, or for the benefit of, the Executive under this Agreement or under any other plan or agreement which became payable or are taken into
account as a result of the Change in Control and which are parachute payments for purposes of 

  
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Section 280G of the Code (the “Parachute Payments”) shall be reduced (but not below zero) so that the Present Value of the Parachute Payments is equal to the Limited Payment Amount
and no Parachute Payment is subject to the imposition of an excise tax under Section 4999 of the Code. Notwithstanding the foregoing, if the Net After-tax Benefit to the Executive resulting from receiving the Parachute Payments is greater than
the Net After-tax Benefit to the Executive resulting from having the Parachute Payments reduced to the Limited Payment Amount, then the Executive may elect, in his sole discretion, that the Parachute Payments shall not be reduced to the Limited
Payment Amount. 
 For purposes hereof: 
 (i) “Net After-tax Benefit” shall mean the Present Value of a Parachute Payment net of all taxes (including any excise tax imposed on the Executive) with respect thereto, determined by applying
the highest marginal rate(s) applicable to an individual for the Executive’s taxable year in which the Change in Control occurs. 
 (ii) “Present Value” shall mean such value determined in accordance with Section 280G(d)(4) of the Code. 

(iii) “Limited Payment Amount” shall be an amount expressed as a Present Value which maximizes the aggregate
Present Value of Parachute Payments without causing any Parachute Payment to be subject to excise tax under Section 4999 of the Code or the deduction limitation of Section 280G of the Code. 

In the event the Parachute Payments are to be reduced, the Company shall reduce or eliminate the Parachute Payments to the Executive by first reducing or
eliminating those payments or benefits which are payable in cash and then by reducing or eliminating those payments which are not payable in cash, in each case in reverse order beginning with payments or benefits which are to be paid or provided the
farthest in time from the Change in Control date. Any reduction pursuant to the preceding sentence shall take precedence over the provisions of any other plan, arrangement or agreement governing the Executive’s rights and entitlements to any
benefits or compensation. 
 (b) Excise Tax Payment Limitation Determinations. All determinations required to be made
under this Section 5 shall be made by the Company’s public accounting firm (the “Accounting Firm”). The Accounting Firm shall provide its calculations, together with detailed supporting documentation, both to the Company and the
Executive within fifteen days after the receipt of notice from the Company that there has been a Parachute Payment (or at such earlier times as is requested by the Company) and, with respect to any Limited Payment Amount, a reasonable opinion to the
Executive that the Executive is not required to report any excise tax on the Executive’s federal income tax return with respect to the Limited Payment Amount (collectively, the “Determination”). In the event that the Accounting Firm
is serving as an accountant or auditor for the individual, entity or group effecting the Change in Control, the Executive may appoint another nationally recognized public accounting firm to make the determination required hereunder (which accounting
firm shall then be referred to as the Accounting Firm hereunder). All fees, costs and expenses (including, but not limited to, the costs of retaining experts) of the Accounting Firm shall be borne by the Company. The Determination by the Accounting
Firm shall be binding upon the Company and the Executive (except as provided in Section 5(c) below). 

  
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 (c) Excise Tax Excess Payments Subject to Repayment. If it is established pursuant to
a final determination of a court or an Internal Revenue Service (the “IRS”) proceeding which has been finally and conclusively resolved, that Parachute Payments have been made to, or provided for the benefit of, the Executive by the
Company, which are in excess of the limitations provided in Section 5(a) (hereinafter referred to as an “Excess Payment”), such Excess Payment shall be deemed for all purposes to be a loan to the Executive made on the date the
Executive received the Excess Payment and the Executive shall repay the Excess Payment to the Company on demand, together with interest on the Excess Payment at the applicable federal rate (as defined in Section 1274(d) of the Code) from the
date of Executive’s receipt of such Excess Payment until the date of such repayment. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the Determination, it is possible that Parachute Payments
which will not have been made by the Company should have been made (an “Underpayment”), consistent with the calculations required to be made under this Section 5. In the event that it is determined (i) by the Accounting Firm, the
Company (which shall include the position taken by the Company, or together with its consolidated group, on its federal income tax return) or the IRS or (ii) pursuant to a determination by a court, that an Underpayment has occurred, the Company
shall pay an amount equal to such Underpayment to the Executive within ten days of such determination together with interest on such amount at the applicable federal rate from the date such amount would have been paid to the Executive until the date
of payment. Any payments or reimbursements to or payments on behalf of the Executive shall be paid as provided above but in no event later than the end of the calendar year following the calendar year in which the related taxes are paid. 

6. Withholding of Taxes. The Company may withhold from any amounts payable under this Agreement all federal, state, city,
or other taxes as required by law provided that any stock withheld will only be withheld at the minimum statutory rates. 

7. Release of Company and Non-Compete by Executive. As a condition of receiving the payments and benefits set forth in this
Agreement, the Executive will be required to execute a Release in the form of an agreement prescribed by the Company and a Non-Compete in the form of Exhibit B attached hereto. The Executive must deliver to Company a fully executed and binding
Release and Non-Compete Agreement, the Executive must not revoke the Release and Non-Compete Agreement, and the Release and Non-Compete Agreement must be irrevocable, not later than 60 business days following the Executive’s Separation from
Service. Otherwise, the Executive will not be entitled to receive Severance Benefits under this Agreement. 
 8.
Acknowledgement. The Company hereby acknowledges that it will be difficult and may be impossible for the Executive to find reasonably comparable employment, or to measure the amount of damages which the Executive may suffer as a result of
termination of employment hereunder. Accordingly, the payment of the Severance Benefits by the Company to the Executive in accordance with the terms of this Agreement is hereby acknowledged by the Company to be reasonable and will be liquidated
damages, and the Executive will not be required to mitigate the amount of any payment provided for in this Agreement by seeking other employment or otherwise, nor will any profits, income, earnings, or other benefits from any source whatsoever
create any mitigation, offset, reduction, or any other obligation on the part of the Executive hereunder or otherwise, except for a reduction in health insurance coverage as 

  
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provided in subsection 4(d)(1). The Company shall not be entitled to set off or counterclaim against amounts payable hereunder with respect to any claim, debt, or obligation of the Executive.

 9. Enforcement Costs; Interest. The Company is aware that, upon the occurrence of a Change in Control, the
Board or a stockholder of the Company may then cause or attempt to cause the Company to refuse to comply with its obligations under this Agreement, or may cause or attempt to cause the Company to institute, or may institute, litigation, arbitration,
or other legal action seeking to have this Agreement declared unenforceable, or may take, or attempt to take, other action to deny the Executive the benefits intended under this Agreement. In these circumstances, the purpose of this Agreement could
be frustrated. It is the intent of the Company that the Executive not be required to incur the expenses associated with the enforcement of the Executive’s rights under this Agreement by litigation, arbitration, or other legal action nor be
bound to negotiate any settlement of the Executive’s rights hereunder under threat of incurring such expenses because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Executive under this
Agreement. Accordingly, if following a Change in Control it should appear to the Executive that the Company has failed to comply with any of its obligations under this Agreement, or in the event that the Company or any other person takes any action
to declare this Agreement void or unenforceable, or institute any litigation or other legal action designed to deny, diminish, or to recover from the Executive, the benefits intended to be provided to the Executive hereunder, the Company irrevocably
authorizes the Executive from time to time to retain counsel (legal and accounting) of the Executive’s choice at the expense of the Company as provided in this Section 9 to represent the Executive in connection with or the initiation or
defense of any litigation or other legal action, whether by or against the Company or any director, officer, stockholder, or other person affiliated with the Company. Notwithstanding any existing or prior attorney-client relationship between the
Company and such counsel, the Company irrevocably consents to the Executive entering into an attorney-client relationship with such counsel, and in that connection the Company and the Executive agree that a confidential relationship shall exist
between the Executive and such counsel. The reasonable fees and expenses of counsel selected from time to time by the Executive as provided in this Section shall be paid or reimbursed to the Executive by the Company on a regular, periodic basis upon
presentation by the Executive of a statement or statements prepared by such counsel in accordance with its customary practices. In all events, such amounts shall be paid on or before the last day of the Executive’s taxable year following the
taxable year in which the expense was incurred. In any action involving this Agreement, the Executive shall be entitled to prejudgment interest on any amounts found to be due him from the date such amounts would have been payable to the Executive
pursuant to this Agreement at an annual rate of interest equal to the prime commercial rate in effect at Fifth Third Bank or its successor from time to time during the prejudgment period plus 4 percent. 

10. Indemnification. From and after the earliest to occur of a Change in Control or termination of employment, the Company
shall (a) for a period of five years after such occurrence, provide the Executive (including the Executive’s heirs, executors, and administrators) with coverage under a standard directors’ and officers’ liability insurance policy
at the Company’s expense, and (b) indemnify and hold harmless the Executive, to the fullest extent permitted or authorized by the law of the State of Ohio as it may from time to time be


  
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amended, if the Executive is (whether before or after the Change in Control) made or threatened to be made a party to any threatened, pending, or completed action, suit, or proceeding, whether
civil, criminal, administrative, or investigative, by reason of the fact that the Executive is or was a director, officer, or employee of the Company or any Subsidiary, or is or was serving at the request of the Company or any Subsidiary as a
director, trustee, officer, or employee of a bank, Company, partnership, joint venture, trust, or other enterprise. The indemnification provided by this Section 10 shall not be deemed exclusive of any other rights to which the Executive may be
entitled under the charter or bylaws of the Company or of any Subsidiary, or any agreement, vote of shareholders or disinterested directors, or otherwise, both as to action in the Executive’s official capacity and as to action in another
capacity while holding such office, and shall continue as to the Executive after the Executive has ceased to be a director, trustee, officer, or employee and shall inure to the benefit of the heirs, executors, and administrators of the Executive.

 11. Arbitration. The initial method for resolving any dispute arising out of this Agreement shall be nonbinding
arbitration in accordance with this Section. Except as provided otherwise in this Section, arbitration pursuant to this Section shall be governed by the Commercial Arbitration Rules of the American Arbitration Association. A party wishing to obtain
arbitration of an issue shall deliver written notice to the other party, including a description of the issue to be arbitrated. Within 15 days after either party demands arbitration, the Company and the Executive shall each appoint an
arbitrator. Within 15 additional days, these two arbitrators shall appoint the third arbitrator by mutual agreement; if they fail to agree within this 15 day period, then the third arbitrator shall be selected promptly pursuant to the rules of
the American Arbitration Association for Commercial Arbitration. The arbitration panel shall hold a hearing in Cincinnati, Ohio, within 90 days after the appointment of the third arbitrator. The fees and expenses of the arbitrator, and any
American Arbitration Association fees, shall be paid by the Company. Both the Company and the Executive may be represented by counsel (legal and accounting) and may present testimony and other evidence at the hearing. Within 90 days after
commencement of the hearing, the arbitration panel will issue a written decision; the majority vote of two of the three arbitrators shall control. The majority decision of the arbitrators shall not be binding on the parties, and the parties may
pursue other available legal remedies if the parties are not satisfied with the majority decision of the arbitrator. The Executive shall be entitled to seek specific performances of the Executive’s rights under this Agreement during the
pendency of any dispute or controversy arising under or in connection with this Agreement. 
 12. Employment Rights.
This Agreement sets forth the Severance Benefits payable to the Executive in the event the Executive’s employment with the Company is terminated under certain conditions specified in Section 3. This Agreement is not an employment
contract nor shall it confer upon the Executive any right to continue in the employ of the Company or its Subsidiaries and shall not in any way affect the right of the Company or its Subsidiaries to dismiss or otherwise terminate the
Executive’s employment at any time with or without Cause. 
 13. Arrangements Not Exclusive. The specific
benefit arrangements referred to in this Agreement are not intended to exclude the Executive from participation in or from other benefits available to executive personnel generally or to preclude the Executive’s right to other compensation or
benefits as may be authorized by the Board at any time. The provisions of this Agreement and any payments provided for hereunder shall not reduce any amounts otherwise 

  
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payable, or in any way diminish the Executive’s existing rights, or rights which would accrue solely as the result of the passage of time under any compensation plan, benefit plan, incentive
plan, stock option plan, employment agreement, or other contract, plan, or arrangement except as may be specified in such contract, plan, or arrangement. Notwithstanding anything to the contrary in this Section 13, the Severance Benefits
provided in Section 4 are in lieu of any benefits to which the Executive would be entitled following the termination of his or her employment pursuant to any Employment Agreement (except as provided in subsection 4(d)(1)) or pursuant to the
Company’s Transition Pay Plan or any successor to or replacement of such Plan. 
 14. Termination. Except for
termination of employment described in Section 3, this Agreement shall terminate if the employment of the Executive with the Company shall terminate prior to a Change in Control. For purposes of this Agreement, the Executive’s employment
will be considered terminated if the Executive is informed prior to a Change in Control that the Executive’s employment is terminated under the terms of Company’s Transition Pay Plan, and such termination was not in contemplation of a
Change in Control. In these circumstances, this Agreement shall terminate on the Executive’s last day of active employment, and the Executive will not be eligible for payments or benefits under this Agreement while receiving or while eligible
to receive pay or benefits under the Transition Pay Plan, or at any time thereafter. 
 15. Successors; Binding
Agreements. This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal and legal representatives, executors, administrators, successors, heirs, distributees, devisees, and legatees. The Executive’s
rights and benefits under this Agreement may not be assigned, except that if the Executive dies while any amount would still be payable to the Executive hereunder if the Executive had continued to live, all such amounts, unless otherwise provided
herein, shall be paid in accordance with the terms of this Agreement, to the beneficiaries designated by the Executive to receive benefits under this Agreement in a writing on file with the Company at the time of the Executive’s death or, if
there is no such beneficiary, to the Executive’s estate. The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business and/or assets of the
Company (or of any division or Subsidiary thereof employing the Executive) to expressly assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had
taken place. Failure of the Company to obtain such assumption and agreement prior to the effectiveness of any such succession shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount and
on the same terms to which the Executive would be entitled hereunder if the Executive terminated employment for Good Reason following a Change in Control, on the first day after the Change in Control. As such, the last paragraph of Section 4
shall be controlling as to the time of payment of the amounts specified therein determined as if the Separation from Service is on the day after the Change in Control. 
 16. No Vested Interest. Neither the Executive nor the Executive’s beneficiaries shall have any right, title, or interest in any benefit under this Agreement prior to the occurrence of
the right to the payment of such benefit. 

  
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 17. Notice. For the purpose of this Agreement, notices and all other
communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or mailed by United States registered mail, return receipt requested, postage prepaid, addressed to the such
addresses as each party may designate from time to time to the other party in writing in the manner provided herein. Unless designated otherwise notices to the Company should be sent to the Company at: 

 

					
		  	 Fifth Third Bancorp
 38
Fountain Square Plaza
 Cincinnati, Ohio 45263
	  	
			
		  	Attention: Paul L. Reynolds	  	

 Until designated otherwise, notices shall be sent to the employee at the address indicated on the Beneficiary Designation
and Notice form attached hereto as Exhibit A. If the parties by mutual agreement supply each other with telecopier numbers for the purposes of providing notice by facsimile, such notice shall also be proper notice under this Agreement. Notice
sent by certified or registered mail shall be effective two days after deposit by delivery to the U.S. Post Office. 

18. Savings Clause. If any payments otherwise payable to the Executive under this Agreement are prohibited or limited by
any statute or regulation in effect at the time the payments would otherwise be payable, including, without limitation, any regulation issued by the Treasury Department under the Emergency Economic Stabilization Act of 2008 or the Federal Deposit
Insurance Company (the “FDIC”) that limits executive Change in Control or other payments that can be made by Company (any such limiting statute or regulation a “Limiting Rule”), the Executive will be entitled to elect to have
apply, and therefore to receive benefits directly under, either (i) this Agreement (as limited by the Limiting Rule) or (ii) any generally applicable Company severance, separation pay, and/or salary continuation plan that may be in effect
at the time of the Executive’s termination. 
 Following any such election, the Executive will be entitled to receive benefits under this
Agreement or plan elected only if and to the extent the Agreement or plan is applicable and subject to its specific terms. 

19. Amendment; Waiver. The Company may amend, without the approval of the Executive, any provision of this Agreement to the
extent necessary to comply with Section 409A of the Code (or to avoid the application of Section 409A of the Code) so as to avoid any penalty or excise tax from being levied on the Executive; provided, however, that the Company may not
decrease the amount of any benefit the Executive is entitled to receive under this Agreement without the Executive’s consent. Regarding any other amendment, the Company may not amend or modify this Agreement, and no provision may be waived,
unless such amendment, modification, or waiver is agreed to in writing and signed by the Executive and the Company. 

  
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 20. Validity. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 21. Prior Executive Agreements. Upon the effective date of this Agreement, this Agreement supersedes any and all prior Executive Agreements between the Company (or any predecessor of the
Company) and the Executive and no payments or benefits of any kind shall be made under, on account of, or by reference to the prior Executive Agreements. 
 22. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together shall constitute one and the same
instrument. 
 23. Governing Law. Except as otherwise provided, this Agreement shall be governed by the laws of
the State of Ohio, without giving effect to any conflict of law provisions. 
 24. Section 409A Compliance.
It is the parties’ intention that the various applicable provisions of this Agreement either are exempt from Section 409A of the Code or satisfy the requirements of Section 409A of the Code. The parties agree that this Agreement
shall be interpreted accordingly, including without limitation the following provisions. If at the time of the Executive’s termination of employment with the Company, the Executive is a "specified employee" within the meaning of
Section 409A of the Code and the final regulations and any other guidance promulgated thereunder, no Severance Benefit that may be considered deferred compensation under Section 409A of the Code and that is payable on account of the
Executive’s Separation from Service may be paid prior to the earlier of: (i) the expiration of the six-month period measured from the date of the Executive’s Separation from Service under Section 409A of the Code, or
(ii) the Executive’s death. Notwithstanding the foregoing, any portion of the Severance Benefits that would otherwise be payable during the six-month period from the date of the Executive’s Separation from Service, but that is not
treated as a payment of deferred compensation under Section 409A of the Code either due to (i) the application of the short-term deferral rule or (ii) because such Severance Benefits are separation pay due to involuntary separation
from service that satisfies the amount and duration limits of Section 409A of the Code, may be paid in the six-month period from the Executive’s Separation from Service. 
 Any portion of the Severance Benefits that would otherwise be payable during the six-month period from the date of the Executive’s Separation from Service, but that cannot be paid at that time under
the preceding paragraph shall accrue and become payable on the date that is six months and one day following the date of the Executive’s Separation from Service. All subsequent Severance Benefits, if any, will be payable in accordance with the
applicable payment schedule. For these purposes, each Severance Benefit payment is hereby designated as a separate payment and will not collectively be treated as a single payment. This provision is intended to comply with the requirements of
Section 409A of the Code so that none of the Severance Benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A of the Code, and any ambiguities herein will be interpreted to so comply. The Company
and the Executive agree to work together in good faith to take such reasonable actions 

  
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which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to the Executive under Section 409A of the Code.

 IN WITNESS WHEREOF, the parties have signed this Agreement as of the day and year written above. 

 

							
			
	 COMPANY:
  
 FIFTH THIRD BANCORP
	 		 	EXECUTIVE
				
	By:                             
                                         
                      	 		 		 	 
				
	Its:                    	 		 		 	 
		 		 		 	Date

 Date: 

  
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 EXHIBIT A 
 Beneficiary Designation and Notice Form 
 Beneficiary Designation 

In the event of my death, I direct that any amounts due me under the Agreement to which this Beneficiary Designation is attached shall be
distributed to the person designated below. If no beneficiary shall be living to receive such assets they shall be paid to the administrator or executor of my estate. 
 Notice 
 Until notified otherwise, pursuant to Section 17 of the
Agreement, notices should be sent to me at the following address 
  

			
		
		 	 
		 	Street Address

  

			
		
		 	 
		 	City, State and Zip Code

  

			
		
		 	 
		 	Executive

  

			
		
		 	 
		 	Date

  

			
		
		 	 
		 	Beneficiary

  

			
		
		 	 
		 	Relationship to Executive








 EXHIBIT B 
 NON-COMPETITION AGREEMENT AND GENERAL RELEASE OF ALL CLAIMS 

THE EXECUTION OF THIS AGREEMENT between FIFTH THIRD
BANCORP, an Ohio Corporation, and its Subsidiaries, and Successors (individually and collectively, the “Company”) and             (the “Executive”), is a condition
of receiving the payments and benefits set forth in the Executive Agreement signed by both parties. 
 In consideration of the
mutual covenants contained herein, the sufficiency of which are hereby acknowledged, Executive and Company, its predecessors, officers and directors agree as follows: 
 A. Your employment will end as of             . If you comply with the terms and conditions of the Executive Agreement and this Agreement, you
will receive the payments and benefits set forth in the Executive Agreement. 
 B. In exchange for the above referenced payments
and benefits and to preserve the interests of the Company in its clients and customers, Executive agrees that for a period of three years after the termination of Executive’s employment, Executive will not: 

 

	 	1.	Enter into an ownership, consulting or employment arrangement with, or render services for, any individual or entity rendering services or handling products competitive
with the Company in any geographic region or territory in which Executive worked or had responsibility during the twenty-four (24) month period preceding departure from the Company; 


 

	 	2.	Directly or indirectly solicit, divert, entice or take away any customers, business or prospective business with whom Executive had contact, involvement or
responsibility during Executive’s employment with the Company, or attempt to do so for the sale of any product or service that competes with a product or service offered by the Company; 


 

	 	3.	Directly or indirectly solicit, divert, entice or take away any potential customer identified, selected or targeted by Company with whom Executive had contact,
involvement or responsibility during Executive’s employment with Company, or attempt to do so for the sale of any product or service that competes with a product or service offered by the Company; 


 

	 	4.	Accept or provide assistance in the accepting of (including, but not limited to, providing any service, information or assistance or other facilitation or other
involvement) business or orders from customers or any potential customers of the Company with whom Executive has had contact, involvement, or responsibility on behalf of any third party or otherwise for Executive’s own benefit;



  
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	 	5.	Directly or indirectly solicit, induce, confer or discuss with any employee of the Company or attempt to solicit, induce, confer or discuss with any employee of Company
the prospect of leaving the employ of Company or the subject of employment by some other person or organization; 

  

	 	6.	Directly or indirectly hire or attempt to hire any employee of Company; 

  

	 	7.	Nothing contained in this Section shall preclude Executive from accepting employment with or creating a company, firm or business that competes with Company so long as
Executive’s activities do not violate any of the terms of this Agreement; 

  

	 	8.	The restrictive covenants contained in this section shall supersede any previous obligations imposed upon Executive by agreements entered into between Executive and the
Company as they relate to post-employment solicitation of customers and/or employees. However, any prior obligations prohibiting the use, possession, and dissemination of confidential, proprietary and/or trade secret protected information shall
remain in full force and effect. 

 C. As additional consideration, Executive, on Executive’s behalf and on
behalf of Executive’s heirs, executors, successors, and assigns hereby release the Company, as well as all of their officers, directors, executives, managers and employees, from any and all debts, claims, demands, rights, actions, causes of
action, suits or damages, whatsoever and of every kind of nature, whether known or unknown (collectively the “Claims”), against the Company and the others released herein, which relate to or arose from Executive’s employment with or
separation from the Company as contemplated herein except to the extent such Claims cannot be released under applicable law. Released claims include, without limitation, any and all claims arising under federal, state or local laws, including,
without limitation, claims under the Age Discrimination in Employment Act, the Older Workers Benefit Protection Act, the Americans With Disabilities Act, Title VII of the Civil Rights Act of 1964, as amended, the Equal Pay Act, any other federal,
state or local law prohibiting employment discrimination or otherwise regulating wages, hours or working conditions, and any and all claims under the common law for breach of express or implied contract, violation of the covenant of good faith and
fair dealing, violation of public policy, negligence, slander, defamation, invasion of privacy, false light, false imprisonment, trespass, breach of fiduciary duty, intentional interference, intentional or negligent infliction of emotional distress,
intrusion, loss of consortium, retaliatory or wrongful termination, punitive damages, and claims that you have or may have which may have arisen up to and including the date of this Agreement. Executive acknowledges and agrees that as a matter of
public policy, Executive cannot waive any rights to file claims with the Equal Employment Opportunity Commission and/or any similar state agency, however, in the event such claim(s) is/are filed, Executive hereby expressly waives the right to
receive any monetary damages as a result of such action(s) and expressly waives the right to receive any monetary damages in connection with such proceedings. 

  
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 D. Executive and Company agree that any action to enforce this Agreement may be brought in a
state or federal court located in Hamilton County, Ohio. Executive and Company hereby agree that such courts shall have jurisdiction and venue with respect to any such action. 
 E. Executive also agrees to fully cooperate with the Company and its customers during this transition. If Executive fails to cooperate to Company’s satisfaction as determined by the Company,
Executive will be deemed to have voluntarily resigned, and the waiver and releases in favor of the Company in this Agreement shall remain in full force and effect. 
 F. Executive will not make any disparaging remarks concerning Company or any of its employees to anyone. 
 G. Executive agrees that apart from discussions with personal counsel and immediate family, whom Executive will ask not to divulge the terms of this Agreement, Executive will not disclose, publicize or
discuss either the terms of this Agreement or termination from the Company with anyone within or outside of Company unless required by subpoena or any other legal compulsion, and will give immediate notice to Company of the receipt of any subpoena
or other legal document which might call upon you to disclose either any of the contents of this Agreement or your employment with and termination from Company. 
 H. Executive represents and warrants that Executive has returned to the Company the original and any copies of all keys, identification cards, charge cards, equipment, papers, reports, memoranda or other
items of Company property. You acknowledge that the Company has returned to you all items of your personal property. 
 I.
Executive recognizes and agrees that nothing in this Agreement constitutes an admission of liability or wrongdoing by Executive or by the Company or any of the others released herein. 

J. This Agreement will be governed by Ohio law. 
 K. In October 1990, the Older Workers Benefit Protection Act (“Act”) was enacted. The Act provides, among other things, that notice be given to you in writing and in a manner calculated to be
understood by the average individual affected by this termination. As provided in the Act, you have a right to consider this Agreement for a period of forty-five days. If you choose to accept it, you must sign it and return it to your Human Resource
Manager on or before             . You will then have seven days after such acceptance to change your mind and revoke the Agreement. If you accept the Agreement and do not revoke it,
payment will be made to you as provided in the Agreement. If you decide not to accept the Agreement or accept the Agreement but revoke acceptance within seven days, nothing will be paid to you under the Agreement and your employment will end on
            . You are advised to consult with an attorney before acting on this Agreement. 

  
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 Signed this             day of
                    ,             . 

 

							
	Accepted and agreed to: 	 		 	Witnessed and accepted:
			
	EXECUTIVE	 		 	FIFTH THIRD BANCORP
				
		 		 	BY:	 	 
		 		 		 	
	 	 		 	DATE:	 	


  
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