FORM OF CHANGE-IN-CONTROL



 EXHIBIT 10.48 
 [Date] 
 [Name and address] 

Re: Change in Control Agreement 
 Dear                     : 

This is your new CHANGE IN CONTROL AGREEMENT (the
“Agreement”) with Regions Financial Corporation (the “Company”). 
  

	1.	Purpose, Effectiveness and Interpretation. 

 (a) Purpose. This Company desires to provide you with protection if there is a future Change in Control of the Company. You should review this Agreement carefully for the terms and conditions that
will apply. 
 (b) Interpretation. Some of terms used in this Agreement are defined in the attached Annex,
which also includes some of the general provisions that govern this Agreement. The Annex is a part of this Agreement, and you should refer to the Annex as you review the rest of this Agreement. 

(c) Effectiveness. If you agree to the terms and conditions of this Agreement, please execute and return a copy of
this Agreement to the Executive Compensation Department of Regions. This Agreement will become effective on execution by both you and the Company. 
  

	2.	Termination of AmSouth Agreement, Retention Grant, Cash Award 

 If this Agreement becomes effective, each of the following will occur: 
 (a) Termination of AmSouth Agreement. Your existing employment agreement, dated
                     between you and AmSouth Bancorporation will be terminated (your “Prior Agreement”). Neither you nor the
Company or any of its affiliates (as constituted from time to time, the “Group”) shall have any obligation or liability of any kind under the Prior Agreement. By signing this 








 
Agreement, you are electing to forgo any payments and benefits you may otherwise be eligible to receive under the Prior Agreement. 

(b) Retention Grant. In consideration of your commitments as outlined above, the Company will grant you an award of
                     restricted stock units of the Company on a date as determined by the Compensation Committee of the Board after your
acceptance of this Agreement. These restricted stock units will be substantially on the terms of the form of restricted stock unit award agreement attached to this Agreement (the “Award Agreement”). 

(c) Cash Award. In additional consideration of your commitments as outlined above, the Company will pay you a lump
sum payment in cash in the amount of $            , which shall be paid to you on January 15, 2008, provided you are still employed by the Company as of that date or if you die
or become disabled before that date. 
 [Provision applicable to agreement between registrant and Scott M. Peters: 

(d) SERP Enhancement. As additional consideration for your commitments as outlined above, your minimum benefit
under the AmSouth Bancorporation Supplemental Retirement Plan shall equal the Enhanced Benefit you would have been eligible to receive under Section 3.01 of the Plan if you had terminated employment under the Prior Agreement on November 4,
2008. In addition, your interest in the Enhanced Benefit will be fully vested regardless of the age at which you retire.] 
  

	3.	Term of this Agreement 


The term of this Agreement will begin on the date it becomes effective and will continue until December 31, 2009. On
December 31, 2009, and on each December 31 after that, the term of this Agreement will be automatically extended for one additional year unless (1) a Change in Control occurs or (2) the Company gives you 60 days prior written
notice of the intention to not extend this Agreement; provided, however, that the Company may not provide you with a notice of non-extension within one year following the occurrence of a Potential Change in Control or while a Potential
Change in Control is pending. 

  
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	4.	Terms of Employment Following Change in Control 

 If a Change in Control occurs during the term of this Agreement, a “Protected Employment Period” will begin and the following employment terms will be effective. Your Protected Employment
Period will end on the second anniversary of the Change in Control or your separation of service with from the Company if earlier. 
 (a) Compensation and Benefits. 
 (1) Annual Base
Salary. During the Protected Employment Period, you will be entitled to receive annual base salary at a rate that is at least equal to the rate of your annual base salary as in effect immediately before the Change in Control. 

(2) Annual Bonus Opportunity. During the Protected Employment Period, you will be entitled to have an annual bonus
opportunity that is at least materially equivalent to your annual bonus opportunity in effect for the year during which the Change in Control occurred. 
 (3) Long-Term Incentive Opportunity. During the Protected Employment Period, you will be entitled to participate in long term incentive plans, practices, policies and programs applicable generally
to other peer executives of the Company and be entitled to receive periodic grants under such plans, practices, policies and programs that are no less than market-competitive for the position you held with the Company immediately before the Change
in Control as reasonably determined by the Company (on the same basis as such determination is made for other peer executives of the Company). 
 (4) Employee Benefit Plans. During the Protected Employment Period, you will be entitled to participate in employee benefit plans, programs and arrangements (including tax-qualified and
non-qualified pension, retirement savings, health and other welfare benefit plans) that, in the aggregate, are at least substantially similar to the Company employee benefit plans, programs and arrangements that you were eligible to participate in
immediately before the Change in Control. However, 

  
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nothing in this Section 4(a)(4) will entitle you to any particular type of employee benefit or limit in any way the Company’s or the Surviving Company’s ability to establish, amend
or terminate any employee benefit plan, program or arrangement. 
 (b) Employment at Will. Notwithstanding
that a Protected Employment Period may occur, you and the Company acknowledge that your employment with the Company is “at will” and may be terminated by you or by the Company at any time and for any reason, either before or after a Change
in Control occurs. 
  

	5.	Severance Protection 

 (a) Important Definitions. This Section 5 uses the following defined terms: 
 (1) “Cause” means the occurrence of one or more of the following: 
 (A) your willful and continued failure to substantially perform your reasonably assigned duties with the Company or any of its affiliates (other than any such failure resulting from incapacity due to
physical or mental illness), which failure continues for a period of at least 30 days after a written demand for substantial performance, signed by a duly authorized officer of the Company, has been delivered to you specifying the manner in which
you have failed substantially to perform; 
 (B) your breach of fiduciary duty involving personal profit, your
commission of a felony or a crime involving fraud or moral turpitude, or your material breach of any provision of this Agreement; 
 (C) your willfully engaging in illegal conduct or gross misconduct that is materially injurious to the Company; 
 (D) your willfully impeding, endeavoring to influence, obstruct or impede or failing to materially cooperate with an investigation authorized by the Board, a self-regulatory organization empowered with
self-regulatory responsibilities under federal securities or state 

  
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laws or any substantially equivalent foreign statute or regulation or a governmental department or agency; or 

(E) your disqualification or bar by any governmental or self-regulatory authority from carrying out the duties and
responsibilities of your position with the Group or your loss of any governmental or self-regulatory license that is reasonably necessary for you to perform your responsibilities to the Group. 

Notwithstanding the foregoing, no termination of your employment shall be for Cause until (i) there shall have been delivered to you
a notice of termination, and (ii) within 15 days thereafter, you shall have been provided an opportunity to be heard in person by a review panel appointed by the Compensation Committee of the Board. For purposes of determining whether an event
constituting Cause has occurred, no act or failure to act, on your part, shall be considered “willful” unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was legal,
proper, and in the best interests of the Company. Any act, or failure to act, based upon authority and directives given pursuant to a resolution duly adopted by the Board or upon the instructions of a senior officer of the Company or based upon the
advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by you in good faith and in the best interests of the Company. Notwithstanding anything set forth in the Agreement to the contrary, no failure to
perform by you after a notice of termination is given by you to the Company shall constitute Cause for the purposes of this Agreement. 
 (2) “Good Reason” means the occurrence of one or more of the following: 
 (A) an adverse change in your responsibilities as in effect immediately before the Change in Control other than any change that is immaterial. For the avoidance of doubt, a change in your title, lines of
reporting, or internal job classification will not in and of itself, result in Good Reason; 

  
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 (B) a material diminution in the budget over which you retain authority as
compared with the budget over which you had control immediately before the Change in Control; 
 (C) a material
breach of the compensation provisions of Section 4(a) of this Agreement; or 
 (D) the Company requiring
you to be based at any location that is more than 50 miles from your regular place of employment immediately before the Change in Control. 
 Notwithstanding the foregoing, no termination of your employment shall be for Good Reason unless you give the Company written notice within 90 days of your obtaining knowledge of circumstances giving rise
to Good Reason (describing in reasonable detail the circumstances and the Good Reason event that has occurred) and the Company does not remedy these circumstances within 30 days of receipt of your notice. In addition, an event will not give rise to
Good Reason if it is made with your express written consent. 
 (b) Severance For Certain Terminations During
the Protected Employment Period. If (i) your employment with the Company is terminated during the Protected Employment Period and (ii) the termination is either by the Company without Cause or by you for Good Reason, then:

 (1) The Company will pay you (A) your annual base salary as pro-rated through the termination date, to
the extent not already paid, (B) reimbursement (in accordance with the Company’s expense reimbursement policy) for reasonable and necessary business expenses incurred by you on behalf of the Company before the termination date,
(C) your accrued and unused vacation pay (in accordance with the Company’s vacation policy) to the extent not already paid, and (D) bonuses and incentive compensation to which you are entitled under the terms of applicable bonus or
incentive plans or awards maintained by the Company (together, your “Accrued Compensation”). In addition, the Company will pay or provide you, to the extent not already paid or provided, any amounts or benefits required to be paid
or provided or 

  
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which you are eligible to receive under any plan, program, policy or practice or other contract or agreement of the Group through the termination date (your “Accrued Other
Benefits”). 
 (2) The Company will pay severance of two times the sum of your Base Salary and Bonus
Amount. For purposes of this Agreement, “Base Salary” means the greater of your annual base salary at the rate in effect immediately before a Change in Control and your annual base salary at the rate in effect as of your termination
date, in each case, determined without regard to any deferred compensation elections made by you. For purposes of this Agreement, “Bonus Amount” means the greater of (A) the average annual cash bonus paid or payable to you by
the Company for the three full fiscal year period ending immediately before the occurrence of a Change in Control, and (B) your target annual cash bonus for the fiscal year of termination (in each case determined without regard to any deferred
compensation elections made by you). 
 (3) To the extent not included in your Accrued Compensation, the Company
will pay you a pro-rata bonus amount for the year of termination, based on your Bonus Amount. 
 (4) In addition,
for two years after termination of your employment, the Company will continue your medical and dental coverage (and coverage for your eligible dependents) at a level at least equal to the level that such benefits would have been provided to you in
accordance with the Company’s employee benefit plans if your employment had not terminated; provided that the Company shall cease to provide such coverage if you obtain alternate employment and are eligible for substantially comparable
group medical coverage with such employer. Notwithstanding the foregoing, for purposes of determining your eligibility for retiree medical benefits pursuant to any plan, program or arrangement maintained by the Company (but not for purposes of
determining the time of commencement of any such benefits), you shall be deemed to have remained employed by the Company until two years after your termination date. 

(5) For purposes of vesting and eligibility under the AmSouth 

  
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Bancorporation Retirement Plan and the AmSouth Bancorporation Supplemental Executive Retirement Plan, you will be credited with the additional years (or partial years) of age and service with the
Company that you would have accrued if you had remained employed by the Company through the second anniversary of the Change in Control. 
 (6) The Company shall also provide you with reasonable outplacement services for the period through the last day of the second calendar year following the calendar year during which your termination of
employment occurred. 
 (c) For Certain Termination Following a Potential Change in Control. If during the
term of this Agreement, (i) a Potential Change in Control has occurred, (ii) your employment with the Company is terminated while the Potential Change in Control is pending either by the Company without Cause or by you for Good Reason and
(iii) the termination of your employment (or the circumstances giving rise to Good Reason) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control or otherwise arose in connection with or
anticipation of a Change in Control, then the Company will make the same payments and provide the same benefits set forth in Section 5(b) (substituting “Potential Change in Control” for all references to “Change in
Control” in that Section). 
 (d) Other Terminations. If the term of this Agreement expires before a
Change in Control and before termination of your employment with the Company or if your employment with the Company terminates other than as contemplated under Section 5(a) or (b), this Agreement will automatically terminate and there will be
no obligation or liability of any kind under this Agreement. 
  

	6.	Terms and Conditions to Your Severance Protection 


(a) Form and Time of Payment. The cash amounts provided for in Section 5 above shall be
paid in a single lump sum payment on the regularly scheduled payroll day immediately following the 30th day after your termination date (but in no event later than March 15th following the calendar year in which occurs the later of the time the legally binding right to the


  
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payment arises or the time such right first ceases to be subject to a substantial risk of forfeiture). It is intended that these payments constitute short-term deferred compensation within the
meaning of the applicable Treasury regulations pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). Notwithstanding the preceding two sentences, (A) if you are a “specified
employee” at the time you separate from service with Company and any payment or benefit under Section 5 is determined to constitute non-qualified deferred compensation, such payment shall be made or such benefit shall be provided on the
date that is six months after your separation from service with the Company, all as determined in accordance with Section 409A of the Code, and (B) if you separate from service with the Company on or before December 31, 2007, any
amount that you are entitled to receive under this Agreement will be paid to you at the times contemplated under the Prior Agreement (as determined by the Company in accordance with Section 409A of the Code). 

(b) Condition. The Company’s obligation to pay or provide the payments and benefits described in Sections
5(b)(2) through (6) shall be contingent upon your signing (and failing to revoke during any applicable revocation period), 

  
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 (c) within 55 days following termination of your employment, a general
release of claims in favor of the Company and its affiliates. 
 (d) Exclusive Severance Benefit. The
severance pay provided for in Section 5 shall be in lieu of any other severance pay to which you may otherwise be eligible to receive under any severance policy, plan, agreement or arrangement maintained by the Company or any of its affiliates
from time to time. Your entitlement to any other benefits (other than additional severance pay) shall be determined in accordance with the Company’s employee benefit plans and other applicable programs and practices then in effect. 

 

	7.	Effect of Change in Control Excise Tax. 

 (a) General. This Section 7 will apply to all Payments, including any Payments you receive in respect of the merger of the Company and AmSouth Bancorporation. In the event of a determination
that any Payments are subject to the Excise Tax, the Company shall pay to you an amount, within 30 days of the determination of the amount (but in any event no later than by the end of your taxable year next following the taxable year in which the
Excise Tax is remitted), which, on an after-tax basis (including federal income and excise taxes, and state and local income taxes) equals the Excise Tax. However, if the total Payments do not exceed 110% of the Excise Limit, the total Payments will
be reduced to the Excise Limit. For purposes of this Section 7, you shall be deemed to pay federal, state and local income taxes at the highest marginal rate of taxation for the calendar year in which the gross up payment is to be made,
taking into account the maximum reduction in federal income taxes which could be obtained from deduction of state and local income taxes. 
 (b) Determinations. All determinations required to be made under this Section 7, including as to any underlying assumptions, will be made by the Accounting Firm. If your Payments are reduced
to the Excise Limit, the Accounting Firm will provide you with a written opinion, in form and substance reasonably satisfactory to you, that (1) you are not required to pay any Excise Tax and (2) your not reporting any Excise Tax on your
applicable federal income tax return will not result in the imposition of a negligence or similar penalty. The Company will bear all fees and expenses of the Accounting Firm, including any costs of retaining experts. Determinations by


  
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the Accounting Firm in accordance with this Section 7(b) will be binding other than as provided in Section 7(c). 

(c) Overpayment and Underpayment. As a result of uncertainty and complexities in applying Section 4999 of the
Code, it is possible that there may be an Overpayment or an Underpayment. If the Accounting Firm, the Company (which includes the position taken by the Company or the Group on its federal income tax return), the Internal Revenue Service, or a court
determines that there has been an Underpayment, the Company will pay you the Underpayment within 10 days of determination (but in any event no later than by the end of your taxable year next following the taxable year in which the Underpayment is
remitted), together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code) for the term of the Underpayment. If a final determination of a court or an Internal Revenue Service proceeding (that has been finally
and conclusively resolved) establishes that there has been an Overpayment, the Overpayment will be deemed for all purposes to be a loan to you that was made on the date you received the Overpayment. You agree to repay the Overpayment on demand.

  

	8.	Fees and Expenses; Governing Law. 

 (a) Fees and Expenses. The Company agrees to pay, to the full extent permitted by law, all legal fees and expenses reasonably incurred by you as a result of any contest by the Company, you or
others of the validity or enforceability of, or liability under, any provision of this Agreement or any guarantee thereof. Reimbursement of your fees and expenses shall be made within 30 days of the date you submit a request for reimbursement, but
in no event shall any such amount be reimbursed after the last day of the calendar year following the calendar year in which you incurred such fees and expenses. However, the Company shall not be liable for any such fees or expenses if a court
determines that the position taken by you with respect to such contest is an unreasonable position or is frivolous. In the event the determination described in the preceding sentence is made, you shall promptly repay to the Company any reimbursement
of fees and expenses that you received from the Company before the date of such determination, together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code). The amount


  
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of reimbursement for fees and expenses for which you may be reimbursed during a calendar year shall not affect the amount of fees and expenses for which you are eligible for reimbursement in any
other calendar year. Your right to reimbursement for fees and expenses is not subject to liquidation or exchange for another benefit. 
 (b) Governing Law. This Agreement will be governed by and construed in accordance with the law of the State of Alabama applicable to contracts made and to be performed entirely within
that state. 
 (c) Waiver of Jury Trial. To the extent permitted by law, you and the Company
waive any and all rights to a jury trial with respect to any Employment Matter. 
 (d) Jurisdiction and
Choice of Forum. You and the Company irrevocably submit to the exclusive jurisdiction of any state or federal court located in Birmingham, Alabama over any contest related to this Agreement, your employment or termination of your
employment. This includes any action or proceeding to compel arbitration or to enforce an arbitration award. Both you and the Company (1) acknowledge that the forum stated in this Section 8(d) has a reasonable relation to this Agreement
and to the relationship between you and the Company and that the submission to the forum will apply even if the forum chooses to apply non-forum law, (2) waive, to the extent permitted by law, any objection to personal jurisdiction or to the
laying of venue of any action or proceeding covered by this Section 8(d) in the forum stated in this Section, (3) agree not to commence any such action or proceeding in any forum other than the forum stated in this Section 8(d), and
(4) agree that, to the extent permitted by law, a final and non-appealable judgment in any such action or proceeding in any such court will be conclusive and binding on you and the Company. However, nothing in this Agreement precludes you or
the Company from bringing any action or proceeding in any court for the purpose of enforcing the provisions of this Section 8(d). 
 (e) Counterparts. This Agreement may be executed in counterparts, each of which will constitute an original and all of which, when taken together, will constitute one agreement. 

  
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 If you agree to the terms and conditions of this Agreement, please execute and return a copy
of this Agreement to the Executive Compensation Department of the Company. This Agreement will then be reviewed by the Company’s Compensation Committee. 

 

			
	REGIONS FINANCIAL CORPORATION
		
	By:	 	 
	Name:	 	
	Title:	 	
		
	Date:	 	 


  

			
	AGREED AND ACKNOWLEDGED:
	
	 
		
	Date:	 	 


  
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 Annex to Change In Control Agreement     

of
                                         
                            
 Some of the terms used in the attached Agreement are defined in this Annex, which also includes some of the general provisions that govern the Agreement. This Annex is a part of this Agreement, and you
should refer to this Annex as you review the Agreement. 
  

	1.	Definitions. 

 For
purposes of the Change in Control Agreement, the following terms have the meanings indicated: 
 Terms
Relating to Change in Control: 
 “Change in Control” means any of the following events:

 (1) the acquisition by any “Person” (as the term “person” is used for the purposes
of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of direct or indirect beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more
of the combined voting power of the then-outstanding securities of the Company entitled to vote in the election of directors (the “Voting Securities”); or 

(2) individuals (the “Incumbent Directors”) who, as of the date hereof, constitute the Board of Directors
of the Company (the “Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination
for election, was approved by a vote of at least two-thirds of the Incumbent Directors who are then on the Board (either by specific vote or by approval, without prior written notice to the Board objecting to the nomination, of a proxy statement in
which the individual was named as nominee) shall be an Incumbent Director, unless such individual is initially elected or nominated as a director of the Company as a result of an actual or threatened election contest with








 
respect to the election or removal of directors (“Election Contest”) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the
Board (“Proxy Contest”), including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest; or 
 (3) consummation of a merger, consolidation, reorganization, statutory share exchange, or similar form of corporate transaction involving the Company or involving the issuance of shares by the Company,
the sale or other disposition (including by way of a series of transactions or by way of merger, consolidation, stock sale or similar transaction involving one or more subsidiaries) of all or substantially all of the Company’s assets or
deposits, or the acquisition of assets or stock of another entity by the Company (each a “Business Combination”), unless such Business Combination is a “Non-Control Transaction.” A “Non-Control
Transaction” is a Business Combination immediately following which the following conditions are met: 

(A) the stockholders of the Company immediately before such Business Combination own, directly or indirectly, more than
55% of the combined voting power of the then-outstanding voting securities entitled to vote in the election of directors (or similar officials in the case of a non-corporation) of the entity resulting from such Business Combination (including,
without limitation, an entity that as a result of such Business Combination owns the Company or all of substantially all of the Company’s assets, stock or ownership units either directly or through one or more subsidiaries) (the
“Surviving Corporation”) in substantially the same proportion as their ownership of the Company Voting Securities immediately before such Business Combination; 

(B) at least a majority of the members of the board of directors of the Surviving Corporation were Incumbent Directors at
the time of the Board’s approval of the execution of the initial Business 

  
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Combination agreement; and 
 (C) no person other than
(i) the Company or any of its subsidiaries, (ii) the Surviving Corporation or its ultimate parent corporation, or (iii) any employee benefit plan (or related trust) sponsored or maintained by the Company immediately before such
Business Combination beneficially owns, directly or indirectly, 20% or more of the combined voting power of the Surviving Corporation’s then-outstanding voting securities entitled to vote in the election of directors; or 

(4) Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

Notwithstanding the foregoing and anything in the Agreement to the contrary, a Change in Control shall not be deemed to occur solely
because any Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted amount of the outstanding Voting Securities as a result of the acquisition of Voting Securities by the Company which, by reducing the
number of Voting Securities outstanding, increases the proportional number of shares Beneficially Owned by the Subject Person, provided that if a Change in Control would occur (but for the operation of this sentence) and after such
acquisition of Voting Securities by the Company, the Subject Person becomes the Beneficial Owner of any additional Voting Securities, then a Change in Control shall occur. 

“Potential Change in Control” means the occurrence of any one of the following: 

(1) the Company enters into a definitive written agreement, the consummation of which would result in the occurrence of a
Change in Control; or 
 (2) the Board adopts a resolution to the effect that, for purposes of


  
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this Agreement, a Potential Change in Control has occurred. 
 A Potential
Change in Control shall cease occurring (A) in the case of (1) above, when the Change in Control occurs or the relevant agreement terminates and (B) in the case of (2) above, when the Board so determines by resolution.

 Terms Relating to Excise Tax 

“Accounting Firm” means any independent, nationally recognized public accounting firm that (1) the
Company selects before a Change in Control or (2) that is reasonably acceptable to you and selected by the surviving company after a Change in Control. 
 “Excise Limit” means the greatest amount of Payments that could be made to you without giving rise to Excise Tax. 

“Excise Tax” means the excise tax imposed by Section 4999 of the Code and any related interest or
penalties incurred by you. 
 “Payment” means any payment made or benefit provided, including
any awards and distributions, to you or for your benefit (i) by the Group, whether or not pursuant to this Agreement, or (ii) by any other entity in connection with a change in the ownership or effective control of any member of the Group
or a change in the ownership of a substantial portion of the assets of the Group. 

“Overpayment” means any Payment that is above the amount provided in Section 7(a) of the Agreement.

 “Underpayment” means any Payment that is not made, consistent with the determination of the
Accounting Firm or the Company pursuant to Section 7(d) of Agreement, but that should have been made pursuant to the correct application of Section 7(a) of the Agreement. 

 

	2.	Effect on Other Agreements. 

 (a) Prior Employment Agreements and Severance Rights. This Agreement will supersede the Prior Agreement and any earlier change in control severance


  
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or similar rights you may have with any member of the Group. 
 (b) Effect on Other Agreements; Entire Agreement. This Agreement is the entire agreement between you and the Company with respect to the benefits contemplated by this Agreement and supersedes any
earlier agreement, written or oral, with respect to the subject matter of this Agreement. In entering into this Agreement, no party has relied on or made any representation, warranty, inducement, promise or understanding that is not in this
Agreement. 
  

	3.	Successors. 

 (a) Assignment by You. You may not assign this Agreement without the Company’s consent. Also, except as required by law, your right to receive payments or benefits under this Agreement may not
be subject to execution, attachment, levy or similar process. Any attempt to effect any of the preceding in violation of this Section 3(a), whether voluntary or involuntary, will be void. 

(c) Assumption by any Surviving Company. Before the effectiveness of any Business Combination, the Company will
cause (i) the Surviving Company to unconditionally assume this Agreement in writing and (ii) a copy of the assumption to be provided to you. After the Business Combination, the Surviving Company will be treated for all purposes as the
Company under this Agreement. 
  

	4.	General Provisions. 

 (a) Construction. (i) References to the following terms have the meanings stated: 
 1. To Sections are to sections of this Agreement unless otherwise stated. 
 2. To any contract (including this Agreement) are to the contract as amended, modified, supplemented or replaced from time to time. 

3. To any statute, rule or regulation are to the statute, rule or


  
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regulation as amended, modified, supplemented or replaced from time to time (and, in the case of statutes, include any rules and regulations promulgated under the statute) and to any section
of any statute, rule or regulation include any successor to the section. 
 4. To any governmental
authority include any successor to the governmental authority. 
 5. To any plan include any
programs, practices and policies. 
 6. To any entity include any corporation, limited liability company,
partnership, association, business trust and similar organization and include any governmental authority. 
 7.
To any affiliate of any entity are to any person or other entity directly or indirectly controlling, controlled by or under common control with the first entity. 

(ii) The various headings in this Agreement are for convenience of reference only and in no way define, limit or
describe the scope or intent of any provisions or Sections of the Agreement or this Annex. 
 (iii) Unless the
context requires otherwise, (A) words describing the singular number include the plural and vice versa, (B) words denoting any gender include all genders and (C) the words “include”, “includes”
and “including” will be deemed to be followed by the words “without limitation.” 

(iv) It is your and the Group’s intention that this Agreement not be construed more strictly with regard to you or
the Group. 
 (b) Withholding. You and the Group will treat all payments to you under this Agreement as
compensation for services. Accordingly, the Group may withhold from any payment any taxes that are required to be withheld under any law, rule or regulation. 
 (c) Severability. If any provision of this Agreement is found by any court of competent jurisdiction (or legally empowered agency) to be illegal, invalid or


  
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unenforceable for any reason, then (i) the provision will be amended automatically to the minimum extent necessary to cure the illegality or invalidity and permit enforcement and
(ii) the remainder of this Agreement will not be affected. 
 (d) No Set-off or Mitigation. Your and
the Company’s respective obligations under this Agreement will not be affected by any set-off, counterclaim, recoupment or other right you or any member of the Group may have against each other or anyone else. You do not need to seek other
employment or take any other action to mitigate any amounts owed to you under this Agreement, and those amounts will not be reduced if you do obtain other employment. 

(e) Notices. All notices, requests, demands and other communications under this Agreement must be in writing and
will be deemed given i. on the business day sent, when delivered by hand or facsimile transmission (with confirmation) during normal business hours, ii. on the business day after the business day sent, if delivered by a nationally recognized
overnight courier or iii. on the third business day after the business day sent if delivered by registered or certified mail, return receipt requested, in each case to the following address or number (or to such other addresses or numbers as may be
specified by notice that conforms to this paragraph (e): 

  
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 If to you, to: 
 [Name and address] 
 If to the Company or any other member of the
Group, to: 
 Regions Financial Corporation 

P.O. Box 10247 
 Birmingham, Alabama 35202 
 Attention: General Counsel 

Facsimile: XXX-XXX-XXXX 
 with a copy to: 
 Sullivan & Cromwell 

125 Broad Street 
 New York, New York 10004 
 Attention: Marc Trevino 

Facsimile: XXX-XXX-XXXX 
 (f) Consideration. This Agreement is in consideration of the mutual covenants contained in it. You and the Company acknowledge the receipt and sufficiency of the consideration to this Agreement and
intend this Agreement to be legally binding. 
 (g) Amendments and Waivers. Any provision of this
Agreement may be amended or waived but only if the amendment or waiver is in writing and signed, in the case of an amendment, by you and the Company or, in the case of a waiver, by the party that would have benefited from the provision waived.
Except as this Agreement otherwise provides, no failure or delay by you or the Group to exercise any right or remedy under this Agreement will operate as a waiver, and no partial exercise of any right or remedy will preclude any further exercise.


  
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 (h) Third Party Beneficiaries. Subject to Section 6 of the
Agreement, this Agreement will be binding on, inure to the benefit of and be enforceable by the parties and their respective heirs, personal representatives, successors and assigns. This Agreement does not confer any rights, remedies, obligations or
liabilities to any entity or person other than you and the Company and your and the Company’s permitted successors and assigns, although this Agreement will inure to the benefit of the Group and Section 3(a) of this Annex will inure
to the benefit of the most recent persons named in a notice under that Section. 
 (j) No Golden Parachute
Payments; Application to the Appropriate Federal Banking Agency. If any Payment would otherwise be a golden parachute payment within the meaning of Section 18(k) of the Federal Deposit Insurance Act, the Payment will not be made unless
permitted under applicable law. The Company will use best efforts promptly to apply to the appropriate federal banking agency for a determination that any golden parachute payment is permissible. Any Payment that is determined permissible will be
paid in accordance with its terms or, if due before the date of determination, will be paid within 30 days of determination together with interest at the applicable federal rate (as defined in Section 1274(d) of the Code). 

  
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