EX-10.13






Exhibit 10.13




AMENDMENT TO THE

CRESTAR FINANCIAL CORPORTION

DEFERRED COMPENSATION PROGRAM

UNDER INCENTIVE COMPENSATION PLAN OF

CRESTAR FINANCIAL CORPORATION

AND AFFILIATED CORPORATIONS




WHEREAS, SunTrust Bank (the “Corporation”) currently maintains the Crestar Financial
Corporation Deferred Compensation Program Under Incentive Compensation Plan of Crestar Financial
Corporation and Affiliated Corporations (the “Plan”), originally approved as of December 6, 1982
and established by United Virginia Bankshares, predecessor to Crestar Financial Corporation
(“Crestar”);



WHEREAS, the Corporation now considers it desirable to amend the Plan to meet the applicable
requirements of section 409A of the Internal Revenue Code of 1986 (as amended) (the “Code”);



NOW, THEREFORE, BE IT RESOLVED that the Plan is hereby amended effective as of January 1,
2009, to add an Appendix A to read as follows:



APPENDIX A




1. Pre-2005 Deferrals. The terms of the Plan in effect on October 3, 2004 shall
govern the time and form of distribution of amounts that were earned and vested (within the meaning
of Code section 409A and regulations thereunder) under the Plan prior to 2005 (and earnings
thereon) and are exempt from the requirements of Code section 409A (the “Grandfathered Benefits”).



2. 409A Compliance. To the extent that benefits under the Plan are subject to
Internal Revenue Code section 409A (“409A Benefits”), the Plan is intended to comply with such
section 409A and official guidance issued thereunder. Notwithstanding anything herein to the
contrary, this Plan shall be interpreted, operated and administered in a manner consistent with
this intention. The terms of this Appendix A shall apply to distributions of any 409A Benefits and
not Grandfathered Benefits. Any provision of the Plan not in this Appendix that addresses
distribution of benefits shall not apply to 409A Benefits.



3. Distributions. Subject to Paragraph 4, a Participant’s 409A Benefits, if any,
shall be distributed in a lump sum within 30 days of the Participant’s Separation from Service.



4. Key Employee Delay. Notwithstanding anything herein to the contrary, in the event
that a Participant is a Key Employee as of the date of his Separation from Service, his lump sum
distribution shall be paid in the seventh month following the Participant’s Separation from Service
(or, if earlier, in the month after the Participant’s death).



5. Effect of Early Taxation. If the Participant’s benefits under the Plan are
includible in income pursuant to Code section 409A, such benefits shall be distributed immediately
to the Participant.



6. 409A Requirements on Amendment or Termination. No amendment of the Plan shall
apply to Grandfathered Benefits, unless the amendment specifically provides that it applies to such
amounts. The purpose of this restriction is to prevent a Plan amendment from resulting in an
inadvertent “material modification” under Code section 409A to the Grandfathered Benefits. Upon
termination of the Plan, distribution of 409A Benefits shall be made to Participants and
beneficiaries in the manner and at the time described in this Appendix, unless the Corporation
determines in its sole discretion that all such amounts shall be distributed upon termination in
accordance with the requirements under Code section 409A.



7. Definitions. All capitalized terms used in this Appendix and not defined herein
shall have the same meaning as in the Plan. The following capitalized terms will have the meanings
set forth in this Appendix whenever such capitalized terms are used:




(a) Key Employee. Key Employee means an employee treated as a “specified
employee” as of his Separation from Service under Code section 409A(a)(2)(B)(i) (i.e., a
key employee (as defined in Code section 416(i) without regard to Section (5) thereof)) if
the common stock of the Corporation or an affiliate is publicly traded on an established
securities market or otherwise. Key Employees shall be determined in accordance with Code
section 409A using a December 31 identification date. A listing of Key Employees as of an
identification date shall be effective for the 12-month period beginning on the April 1
following the identification date.




(b) Separation from Service. Separation from Service or Separates from
Service means a “separation from service” within the meaning of Code section 409A.