Letter Agreement  dated February 22, 2010



 Exhibit 10(c) 

 

 

 STEELE ALPHIN 

Global Chief Administrative Officer 

February 22, 2010 
 Gregory L. Curl

 2100 Delpond Lane 
 Charlotte, NC
28226 
  

	Re:	Retirement 

 Dear Greg: 

This letter confirms in writing the mutual agreement between you and Bank of America regarding your retirement and the impact of that retirement on the
Employment Agreement that you originally entered into with Boatmen’s Bancshares, Inc. dated January 30, 1996, as clarified by a letter agreement with Bank of America dated May 7, 2001 (the “Employment Agreement”).

  

	•	 	 Retirement Date: Your retirement date will be on or about March 31, 2010, or such other date that we may mutually agree. Your retirement
will be treated as a “voluntary termination” under section 6.3 of the Employment Agreement, and accordingly no cash severance benefits will be payable under the Employment Agreement. You have been furnished with a summary of your earned
and vested equity and retirement benefits. This letter satisfies any requirement under section 6.3 that you provide advance notice of your retirement. 


  


	•	 	 Duties: Through your retirement date you will assist in the transition of your risk duties and consult on possible strategic partnerships.



  

	•	 	 Incentive Opportunity: You will be eligible for a discretionary partial incentive award for your services in 2010, to be determined after year
end in the normal course of incentive award determinations and payable before March 15, 2011. 


 Tel:
704.388.1147 • Fax: 704.386.1132  
 steele.alphin@bankofamerica.com 

Bank of America, NC1-007-58-22 

100 North Tryon Street, Charlotte, NC 28255 







 Page 2 

February 22, 2010 

Confirmation Regarding Covenants: You are subject to certain covenants under Article 9 of the Employment Agreement, including a
covenant not to compete for 12 months under section 9.1 and a nonsolicitation of employees for 24 months under section 9.3. The covenants in Article 9 apply in connection with your retirement. However, for purposes of section 9.1, you will be
considered in competition with Bank of America only if you are engaged, directly or indirectly, whether as a director, officer, employee, consultant, agent or otherwise, with a business entity that is listed on Exhibit A attached hereto. 

Please indicate your agreement with this letter by signing the enclosed copy of this letter and returning it to my attention by no later than
February 25, 2010. Please let me know if you have any questions. 
  

	
	Sincerely,
	
	




	 Steele Alphin


  

					
	ACCEPTED AND AGREED TO:	  		  	
			
	
 



	  		  	Feb. 23, 2010            
	Gregory L. Curl	  		  	Date








 Exhibit A 

Competitive Businesses* 

American Express 
 Ameriprise Financial

 Barclays 
 BlackRock 

BNP Paribas 
 Capital One 

Charles Schwab 
 Citigroup 

Credit Suisse Group 
 Deutsche Bank 

E*Trade Financial 
 Fidelity 

GE Capital 
 GMAC Financial 

Goldman Sachs 
 HSBC 

Jefferies & Company 
 JPMorgan Chase

 Morgan Stanley 
 Nomura Securities

 Oppenheimer Holdings 
 Piper Jaffray
Companies 
 Putnam Investments 
 Sallie
Mae 
 State Street 
 TD AMERITRADE

 UBS 
 US Bancorp 

Wellington Management 
 Wells Fargo 

 

	*	Includes any subsidiaries and affiliates of the listed entities