Document:

Form of Change in Control Agreements

 Exhibit 10.13 
 FORM OF CHANGE IN CONTROL AGREEMENT 
 (as amended and
restated as of January 1, 2010) 
 This Change in Control Agreement, as amended and restated
(“Agreement”), is entered into by and between SunTrust Banks, Inc., a Georgia corporation (“SunTrust”), and
                                        .
(“Executive”). 
 WHEREAS, Executive is employed by SunTrust or provides services directly or
indirectly to SunTrust as a senior executive of SunTrust or one, or more than one, SunTrust Affiliate; and 
 WHEREAS, pursuant to a prior Change in Control Agreement between the Executive and SunTrust (the “Prior Agreement”), the Board and the Compensation Committee decided that SunTrust should provide certain benefits to Executive in
the event Executive’s employment is terminated without Cause or Executive resigns for Good Reason following a Change in Control; and 
 WHEREAS, SunTrust and Executive desire to amend and restate the terms of the Prior Agreement to comply with Code Section 409A, and the terms of this Agreement shall supersede the terms of the Prior
Agreement and govern the Executive’s rights to such benefits in the event of a Change in Control. 
 NOW,
THEREFORE, in consideration of the mutual promises and agreements contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, SunTrust and Executive hereby agree as follows:

 § 1. Definitions 
 1.1         Board.  The term “Board” for purposes of this Agreement shall mean the Board of Directors of SunTrust. 
 1.2         Cause.  The term “Cause” for purposes of this
Agreement shall (subject to § 1.2(e)) mean: 
 (a)        The willful and continued failure by Executive to perform satisfactorily the duties of Executive’s job; 
 (b)        Executive is convicted of a felony or has engaged in a
dishonest act, misappropriation of funds, embezzlement, criminal conduct or common law fraud; 
 (c)        Executive has engaged in a material violation of the SunTrust Code of Business Conduct and Ethics or the Code of Conduct of a SunTrust Affiliate; or 
 (d)        Executive has engaged in any willful act that materially
damages or materially prejudices SunTrust or a SunTrust Affiliate or has engaged in conduct or activities materially damaging to the property, business or reputation of SunTrust or a SunTrust Affiliate; provided, however, 
 (e)        No such act, omission or event shall be treated as
“Cause” under this Agreement unless (i) Executive has been provided a detailed, written statement of the basis for SunTrust’s belief that such act, omission or event constitutes “Cause” and an opportunity to meet with
the Compensation Committee (together with Executive’s counsel if Executive chooses to have Executive’s counsel present at such meeting) after Executive has had a reasonable period in which to review such statement and, if the allegation is
under § 1.2(a), has had at least a thirty (30) day period to take corrective action and (ii) the Compensation Committee after such meeting (if Executive meets with the Compensation Committee) and after the end of such thirty
(30) day correction period (if applicable) determines reasonably and in good faith and by the affirmative vote of at least two-thirds of the members of the Compensation Committee then in office at a meeting called and held for such purpose that
“Cause” does exist under this Agreement. 

 1.3        Change in
Control.  The term “Change in Control” for purposes of this Agreement shall mean a change in control of SunTrust of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation
14A promulgated under the Exchange Act as in effect at the time of such “change in control”, provided that such a change in control shall be deemed to have occurred at such time as (i) any “person” (as that term is used in
Sections 13(d) and 14(d)(2) of the Exchange Act), is or becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) directly or indirectly, of securities representing 20% or more of the combined voting power for election of
directors of the then outstanding securities of SunTrust or any successor of SunTrust; (ii) during any period of two consecutive years or less, individuals who at the beginning of such period constitute the Board cease, for any reason, to
constitute at least a majority of the Board, unless the election or nomination for election of each new director was approved by a vote of at least two-thirds of the directors then still in office who were directors at the beginning of the period;
(iii) there is a consummation of any reorganization, merger, consolidation or share exchange as a result of which the common stock of SunTrust shall be changed, converted or exchanged into or for securities of another corporation (other than a
merger with a wholly-owned subsidiary of SunTrust) or any dissolution or liquidation of SunTrust or any sale or the disposition of 50% or more of the assets or business of SunTrust; or (iv) there is a consummation of any reorganization, merger,
consolidation or share exchange unless (A) the persons who were the beneficial owners of the outstanding shares of the common stock of SunTrust immediately before the consummation of such transaction beneficially own more than 65% of the
outstanding shares of the common stock of the successor or survivor corporation in such transaction immediately following the consummation of such transaction and (B) the number of shares of the common stock of such successor or survivor
corporation beneficially owned by the persons described in § 1.3(iv)(A) immediately following the consummation of such transaction is beneficially owned by each such person in substantially the same proportion that each such person had
beneficially owned shares of SunTrust common stock immediately before the consummation of such transaction, provided (C) the percentage described in § 1.3(iv)(A) of the beneficially owned shares of the successor or survivor corporation and
the number described in § 1.3(iv)(B) of the beneficially owned shares of the successor or survivor corporation shall be determined exclusively by reference to the shares of the successor or survivor corporation which result from the beneficial
ownership of shares of common stock of SunTrust by the persons described in § 1.3(iv)(A) immediately before the consummation of such transaction. 
 1.4        Code.  The term “Code” for purposes of this Agreement shall mean the Internal Revenue Code of 1986, as amended. 
 1.5        Compensation Committee.  The term “Compensation
Committee” for purposes of this Agreement shall mean the Compensation Committee of the Board. 
 1.6        Confidential or Proprietary Information.  The term “Confidential or Proprietary Information” for purposes of this Agreement shall mean any secret, confidential,
or proprietary information of SunTrust or a SunTrust Affiliate (not otherwise included in the definition of Trade Secret in § 1.24 of this Agreement) that has not become generally available to the public by the act of one who has the right to
disclose such information without violating any right of SunTrust or a SunTrust Affiliate. 
 1.7        Current Compensation Package.  The term “Current Compensation Package” for purposes of § 3.1(c)(1) of this Agreement shall mean the sum of the amounts
described in § 1.7(a) and in § 1.7(b) and, if applicable, in § 1.7(c) as follows: 
 (a)        Base Salary.  Executive’s highest annual base salary from SunTrust and any SunTrust Affiliate which (but for any salary deferral election) is in effect at any time
during the one-year period which ends on the date Executive’s employment with SunTrust or a SunTrust Affiliate terminates under the circumstances described in § 3.1 or § 3.6. 
 (b)        Bonus Award. 
 (1)        General Rule.  If Executive participates
in the MIP at termination, the amount described in this § 1.7(b) shall (subject to § 1.7(b)(2)) be the greater of (i) Executive’s target annual bonus under the MIP for the calendar year in which Executive’s employment with
SunTrust or a SunTrust Affiliate terminates under the circumstances described in § 3.1 or § 3.6, or (ii) the average of the annual bonus earned by Executive (disregarding any deferral) for the 3 full calendar years in

 
which Executive participated in the MIP (or, if less, the number of full calendar years in which Executive participated in the MIP) which immediately precede the calendar year in which
Executive’s employment so terminates. If Executive was not eligible to participate in the MIP at termination, but participates in a FIP, the amount described in this § 1.7(b)(1) shall (subject to § 1.7(b)(2)) be the greater of
(i) Executive’s target annual bonus under the FIP for the calendar year in which Executive’s employment with SunTrust or a SunTrust Affiliate terminates under the circumstances described in § 3.1 or § 3.6, or (ii) the
average of the annual bonus earned by Executive (disregarding any deferral) for the three (3) full calendar years in which Executive participated in the FIP (or, if less, the number of full calendar years in which Executive participated in the
FIP) which immediately precede the calendar year in which Executive’s employment so terminates. In the event Executive was not eligible to participate in the MIP or any FIP at termination, the amount described in this § 1.7(b)(1) shall
(subject to § 1.7(b)(2)) be the last annual bonus earned by Executive (disregarding any deferral). 
 (2)        Exceptions to General Rule. 
 (i)        No MIP.  If Executive participates in a FIP but not in the MIP, or if Executive is not eligible to participate in the MIP or any FIP at
termination, the amount described in this § 1.7(b) shall not exceed the amount which would have been described in § 1.7(b)(1) if Executive instead had been a participant in the MIP. 
 (ii)        Determination Rules.  SunTrust shall
determine the amount which would have been described in § 1.7(b)(1) if Executive had been a participant in the MIP based on the target bonus or, if greater, the projected bonus for a MIP participant, or for a class of such participants, whose
duties, responsibilities and compensation match, or most closely match, Executive’s duties, responsibilities and compensation before Executive’s employment terminated. 
 (iii)        Salary Shares.  The Compensation
Committee determined that part of Executive’s 2010 base salary would be paid in the form of “Salary Shares” and further determined that for purposes of determining Executive’s benefit under this Agreement, the value of such
Salary Shares recognized as part of Executive’s 2010 base salary would be an amount equal to $            . Therefore, in accordance with the directions of the Compensation
Committee and for purposes of calculating Executive’s “Current Compensation Package” for any period that includes base salary earned or paid in the year 2010, the Salary Shares paid to Executive shall be included in the computation of
his 2010 base salary (in addition to any other amounts of base salary, such as cash) in the amount set forth in the preceding sentence. Salary Shares paid in 2010 shall not otherwise be recognized as part of Executive’s Current Compensation
Package. In addition, SunTrust and Executive acknowledge that, because of federal restrictions, Executive will not receive any bonus amount under the MIP or any FIP for 2010 and, therefore, if any calculation under this Section 1.7 uses
Executive’s MIP or FIP bonus for 2010, the amount used shall be zero. 
 (c)        PUP Awards.  To the extent applicable, the amount described in this § 1.7(c) shall be the average of the PUP bonus earned by the Executive (disregarding any deferral)
for the three (3) full performance cycles ending before 2008, if any, in which Executive participated in the PUP (or, if less, for the number of full performance cycles in which Executive participated in the PUP) and which ended in the three
(3) calendar years immediately preceding the calendar year in which Executive’s employment terminates under the circumstances described in § 3.1 or § 3.6. For example, if an Executive terminates from employment during 2009, the
amount described in this § 1.7(c) shall be the average of PUP amounts earned for performance cycles ending on December 31, 2006 and December 31, 2007 (no PUP awards exist for periods ending after December 31, 2007). 

1.8        Disability Termination.  The term “Disability
Termination” for purposes of this Agreement shall mean a termination of Executive’s employment exclusively as a result of an event causing such Executive to become eligible to receive disability income benefits under SunTrust’s long
term disability plan or any successor to or replacement for such plan. 

 1.9        Exchange
Act.  The term “Exchange Act” for purposes of this Agreement shall mean the Securities Exchange Act of 1934, as amended. 
 1.10        FIP.  The term “FIP” for purposes of this Agreement shall mean an alternative functional incentive plan which provides a
short-term bonus or commissions to certain Executives that are not eligible to participate in the MIP. 
 1.11        Good Reason.  The term “Good Reason” for purposes of this Agreement shall (subject to § 1.11(e)) mean: 
 (a)        SunTrust or any SunTrust Affiliate after a Change in
Control but before the end of Executive’s Protection Period reduces Executive’s base salary or opportunity to receive comparable incentive compensation or bonuses without Executive’s express written consent; 
 (b)        SunTrust or any SunTrust Affiliate after a Change in
Control but before the end of Executive’s Protection Period reduces the scope of Executive’s principal or primary duties, responsibilities or authority, without Executive’s express written consent; 
 (c)        SunTrust or any SunTrust Affiliate at any time after a
Change in Control but before the end of Executive’s Protection Period (without Executive’s express written consent) transfers Executive’s primary work site from Executive’s primary work site on the date of such Change in Control
or, if Executive subsequently consents in writing to such a transfer under this Agreement, from the primary work site which was the subject of such consent, to a new primary work site which is outside the “standard metropolitan statistical
area” which then includes Executive’s then current primary work site unless such new primary work site is closer to Executive’s primary residence than Executive’s then current primary work site; or 
 (d)        SunTrust or any SunTrust Affiliate after a Change in
Control but before the end of Executive’s Protection Period fails (without Executive’s express written consent) to continue to provide to Executive health and welfare benefits, deferred compensation and retirement benefits, stock option
and restricted stock grants that are in the aggregate comparable to those provided to Executive immediately prior to the Change in Control; provided, however, 
 (e)        No such act or omission shall be treated as “Good Reason” under this Agreement unless: 
 (1)        (i)  Executive delivers to the Compensation
Committee a detailed, written statement of the basis for Executive’s belief that such act or omission constitutes Good Reason, (ii) Executive delivers such statement before the later of (A) the end of the ninety (90) day period
which starts on the date there is an act or omission which forms the basis for Executive’s belief that Good Reason exists or (B) the end of the period mutually agreed upon for purposes of this § 1.11(e)(1)(ii) in writing by Executive
and the Chairman of the Compensation Committee, (iii) Executive gives the Compensation Committee a thirty (30) day period after the delivery of such statement to cure the basis for such belief and (iv) Executive actually submits
Executive’s written resignation to the Compensation Committee during the sixty (60) day period which begins immediately after the end of such thirty (30) day period if Executive reasonably and in good faith determines that Good Reason
continues to exist after the end of such thirty (30) day period, or 
 (2)        SunTrust states in writing to Executive that Executive has the right to treat such act or omission as Good Reason under this Agreement and Executive resigns during the sixty (60) day
period which starts on the date such statement is actually delivered to Executive; 
 (f)        If  (1)  Executive gives the Compensation Committee the statement described in § 1.11(e)(1) before the end of the

 
thirty (30) day period which immediately follows the end of the Protection Period and Executive thereafter resigns within the period described in § 1.11(e)(1), or (2) SunTrust
provides the statement to Executive described in § 1.11(e)(2) before the end of the thirty (30) day period which immediately follows the end of the Protection Period and Executive thereafter resigns within the period described in §
1.11(e)(2); then (3) such resignation shall be treated under this Agreement as if made in Executive’s Protection Period; and 
 (g)        If Executive consents in writing to any reduction described in § 1.11(a) or § 1.11(b), to any transfer described in § 1.11(c) or to any
failure described in § 1.11(d) in lieu of exercising Executive’s right to resign for Good Reason and delivers such consent to SunTrust, the date such consent is delivered to SunTrust thereafter shall be treated under this definition as the
date of a Change in Control for purposes of determining whether Executive subsequently has Good Reason under this Agreement to resign under § § 3.1 or § 3.6 as a result of any subsequent reduction described in § 1.11(a) or §
1.11(b), any subsequent transfer described in § 1.11(c) or any subsequent failure described in § 1.11(d). 
 1.12        Gross Up Payment.  The term “Gross Up Payment” for purposes of this Agreement shall mean a payment to or on behalf of Executive which shall be sufficient to pay
(i) any excise tax described in § 9 in full, (ii) any federal, state and local income tax and social security and other employment tax on the payment made to pay such excise tax as well as any additional taxes on such payment and
(iii) any interest or penalties assessed by the Internal Revenue Service on Executive which are related to the payment of such excise tax unless such interest or penalties are attributable to Executive’s willful misconduct or negligence.

 1.13        Key Employee.  The term “Key
Employee” for purposes of this Agreement shall mean an employee treated as a “specified employee” (as defined under Code Section 409A(a)(2)(B)(i)) of SunTrust or its affiliates (any member of its controlled group, as determined
under Code Section 414(b), (c), or (m)) as of his or her Separation from Service if SunTrust or any affiliate’s common stock is publicly traded on an established securities market or otherwise (i.e., a key employee (as defined in Code
Section 416(i) without regard to paragraph (5) thereof)). 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. 
 1.14        Key Employee Delay.  The term “Key Employee Delay” for purposes of this Agreement shall mean the period of delay set forth in § 3.1. 
 1.15        MIP.  The term “MIP” for purposes of this
Agreement shall mean the SunTrust Banks, Inc. Management Incentive Plan or, if there is any material change in the terms, operation or administration of such plan following a Change in Control, any successor to such plan in which Executive is
eligible to participate and which provides an opportunity for a short-term bonus for Executive which is comparable to the opportunity which Executive had under such plan before such Change in Control or, if Executive reasonably determines that there
is no such plan in which Executive is eligible to participate but SunTrust or a parent corporation maintains a short term bonus plan for the benefit of senior executives which provides for such an opportunity, such other plan as agreed to by
Executive and the Compensation Committee. 
 1.16        Protection
Period.  The term “Protection Period” for purposes of this Agreement shall (subject to § 1.11(f)) mean the two (2) year period which begins on a Change in Control. 
 1.17        PUP.  The term “PUP” for purposes of this
Agreement shall mean the SunTrust Banks, Inc. Performance Unit Plan effective for performance cycles ending on or before December 31, 2007. 
 1.18        Restricted Period.  The term “Restricted Period” for purposes of this Agreement shall mean the period which starts on the
date Executive’s employment by SunTrust or a SunTrust Affiliate terminates under circumstances which require SunTrust to make the payments and provide the benefits described in § 3 and which ends on the earlier of (a)(i) the first
anniversary of such termination date for purposes of § 5 and (ii) the second anniversary of such termination date for all other purposes under this Agreement, or (b) on the first date following such a termination on which SunTrust
either breaches any obligation to Executive under § 3 or no longer has any obligation to Executive under § 3. 

 1.19        Separation from
Service or Separates from Service.  The term “Separation from Service” or “Separates from Service” for purposes of this Agreement shall mean a “separation from service” within the meaning of Code
Section 409A. 
 1.20        Severance
Period.  The term “Severance Period” for purposes of this Agreement shall mean the two (2) year period described in § 3.2. 
 1.21        SunTrust.  The term “SunTrust” for purposes of this Agreement shall mean SunTrust Banks, Inc. and any
successor to SunTrust. 
 1.22        SunTrust
Affiliate.  The term “SunTrust Affiliate” for purposes of this Agreement shall mean any corporation which is a subsidiary corporation (within the meaning of Section 424(f) of the Code) of SunTrust but excluding a
corporation which has subsidiary corporation status under Section 424(f) of the Code exclusively as a result of SunTrust or a SunTrust Affiliate holding stock in such corporation as a fiduciary with respect to any trust, estate,
conservatorship, guardianship or agency. 
 1.23        Term.  The term “Term” for purposes of this Agreement shall mean the period described in § 2.2. 
 1.24        Trade Secret.  The term “Trade Secret” for
purposes of this Agreement shall mean information, including, but not limited to, technical or nontechnical data, a formula, a pattern, a compilation, a program, a device, a method, a technique, a drawing, a process, financial data, financial plans,
product plans, or a list of actual or potential customers or suppliers that: 
 (a) derives
economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and 
 (b) is the subject of reasonable efforts by SunTrust or a SunTrust Affiliate to maintain its secrecy.

 § 2. Effective Date and Term 
 2.1        Effective Date.  This amended and restated Agreement shall be effective on the date of this Agreement as set forth
in the signature section of this Agreement (the “Effective Date”). 
 2.2 Term. 
 (a)        Original Term.  The Term of this
Agreement shall be the period beginning on the Effective Date and ending (subject to § 2.2(b), § 2.2(c) and § 2.2(d)) on the third anniversary of such date. 
 (b)        Anniversary Date Extensions.  The Term
of this Agreement shall automatically be extended for one additional year effective as of the first anniversary of the Effective Date and extended for one additional year each successive anniversary of the Effective Date thereafter unless either
Executive or SunTrust delivers to the other at least 90 days advance written notice before an anniversary date that there will be no such one year extension as of the next anniversary date or any anniversary date thereafter. 
 (c)        Other Extensions. 
 (1)        If Executive’s Protection Period starts before the
Term of this Agreement (as extended, if applicable, under § 2.2(b)) expires, the Term of this Agreement shall automatically be extended until the expiration of such Protection Period. 
 (2)        If Executive’s employment terminates during
Executive’s Protection Period under the circumstances described in § 3.1, if Executive’s employment terminates under the circumstances described in § 3.6 before the Term of this Agreement (as extended, if applicable, under §
2.2(b)) expires, or if this Agreement is not assigned in accordance with § 10.1, the Term of this Agreement shall automatically be extended until the earlier of (i) the date Executive agrees that

 
all SunTrust’s obligations to Executive under this Agreement have been satisfied in full or (ii) the date a final determination is made pursuant to § 8 that SunTrust has no further
obligations to Executive under this Agreement. 
 (d)        Termination Before Change in Control.    Unless § 3.6 applies, this Agreement automatically terminates upon Executive’s termination of employment before
a Change in Control, and no benefits under this Agreement shall be due or payable to Executive as a result of such Executive’s termination from SunTrust or a SunTrust Affiliate. 
 § 3. Compensation and Benefits 
 3.1        General.  If a Change in Control occurs during the Term of this Agreement and either: 
 (a)        SunTrust or a SunTrust Affiliate terminates
Executive’s employment without Cause during Executive’s Protection Period; or 
 (b)        Executive resigns for Good Reason during Executive’s Protection Period; then 
 (c)        SunTrust shall pay or provide to Executive the payments and benefits described below. 
 (1)        Cash Payment.  SunTrust shall pay
Executive two (2) times Executive’s Current Compensation Package. The amounts payable under this § 3.1(c)(1) (the “Severance Amount”) shall be paid in cash to Executive in a single lump sum sixty (60) days after
Executive’s Separation from Service. Notwithstanding the foregoing, if Executive is a Key Employee, the Severance Amount shall be paid in a lump sum on the first day of the seventh month following the date on which Executive Separates from
Service (or, if earlier, the first day of the month after Executive’s death) (the “Key Employee Delay”). During the Key Employee Delay, interest shall accrue on the Severance Amount at the “prime rate” as reported by
SunTrust Bank or its successor on the date Executive Separates from Service or, if such rate is not reported on such date, such rate as so reported on the last business day before Executive Separates from Service. 
 (2)        Stock
Options.  Notwithstanding the terms of any plan or agreement under which an option was granted, each outstanding stock option granted to Executive by SunTrust shall immediately become fully vested and exercisable on the date
Executive’s employment so terminates and Executive shall be deemed to continue to be employed by SunTrust for the period described in § 3.4 for purposes of determining when Executive’s right to exercise each such option expires;
provided, however, in no event shall Executive’s right to exercise the option extend beyond the earlier of (i) the latest date upon which the option could have expired by its original terms under any circumstances; or (ii) the tenth
(10th) anniversary of the original date of grant.

 (3)        Restricted Stock and Restricted Stock
Units.    Any restrictions on any outstanding restricted or performance stock grants or restricted or performance stock unit awards, if any, to Executive by SunTrust shall immediately expire and Executive’s right to such
stock or stock units shall be non-forfeitable notwithstanding the terms of any plan or agreement under which such grants or awards were made. 
 (4)        Earned but Unpaid Salary, Bonus and Vacation.    SunTrust shall promptly pay Executive any earned but
unpaid base salary and bonus, shall promptly pay Executive for any earned but untaken vacation and shall promptly reimburse Executive for any incurred but unreimbursed expenses which are otherwise reimbursable under SunTrust’s expense
reimbursement policy as in effect for senior executives immediately before Executive’s employment so terminates. 
 (5)        Bonus Award.    Payments under this § 3.1(c)(5) shall reduce any amounts otherwise payable pursuant to the terms of the
MIP or FIP, as applicable, at the end of the calendar year in which Executive terminates employment.

 
Notwithstanding anything herein to the contrary, any portion of the amounts set forth below that have been elected or scheduled to be deferred and credited under the SunTrust Banks, Inc. Deferred
Compensation Plan or any other nonqualified plan maintained by SunTrust or a SunTrust Affiliate shall not be paid under this § 3.1(c)(5). 
 (i)        MIP.    If Executive participates in the MIP, SunTrust shall pay Executive within thirty (30) days
after Executive’s employment terminates a portion of Executive’s target bonus or, if greater, Executive’s projected bonus under the MIP for the calendar year in which Executive’s employment terminates, where
(a) Executive’s projected bonus shall be no less than the bonus which would have been projected under the projection procedures in effect under the MIP on the date of the Change in Control, and (b) such portion shall be determined by
multiplying such target bonus or, if greater, such projected bonus by a fraction, the numerator of which shall be the number of days Executive is employed in such calendar year and the denominator of which shall be the number of days in such
calendar year. 
 (ii)        FIP.    If Executive was not eligible to participate in the MIP, but participates in a FIP, SunTrust shall (subject to the exception to this general rule set
forth in § 3.1(c)(5)(iii)) pay Executive within 30 days after Executive’s employment terminates a portion of Executive’s target bonus or, if greater, Executive’s projected bonus under the FIP for the calendar year in which
Executive’s employment terminates, where (a) Executive’s projected bonus shall be no less than the bonus which would have been projected under the projection procedures in effect under the FIP on the date of the Change in Control, and
(b) such portion shall be determined by multiplying such target bonus or, if greater, such projected bonus by a fraction, the numerator of which shall be the number of days Executive is employed in such calendar year and the denominator of
which shall be the number of days in such calendar year. 
 (iii)        Limitations to FIP. 
 (A)        No MIP.  If Executive participates in a FIP but not in the MIP, the payment made to Executive under § 3.1(c)(5)(ii) shall not exceed the payment which would have been
made to Executive if Executive instead had been a participant in the MIP. 
 (B)        Determination Rules.  SunTrust shall determine the payment which would have been made to Executive under § 3.1(c)(5)(i) if Executive had been a participant in the MIP
based on the target bonus or, if greater, the projected bonus for a MIP participant, or for a class of such participants, whose duties, responsibilities and compensation match, or most closely match, Executive’s duties, responsibilities and
compensation before a Change in Control. 
 3.2        Continuing
Benefit Coverage.    If Executive’s employment terminates under the circumstances described in § 3.1 or § 3.6, SunTrust or a SunTrust Affiliate for the two (2) year period which begins on the date of such
termination of Executive’s employment (the “Severance Period”) shall provide to Executive medical, dental and life insurance benefits which are similar in all material respects as those benefits provided under SunTrust’s employee
benefit plans, policies and programs to senior executives of SunTrust who have not terminated their employment (collectively, the medical and dental benefits referred to hereinafter as the “Welfare Benefits”). If SunTrust cannot provide
such benefits under SunTrust’s employee benefit plans, policies and programs, SunTrust either shall provide such benefits to Executive outside such plans, policies and programs at no additional expense or tax liability to Executive or shall
reimburse Executive for Executive’s cost to purchase such benefits and for any tax liability for such reimbursements. 

 To the extent the continuation of the Welfare Benefits under § 3.2 is,
or ever becomes, taxable to Executive and to the extent the Welfare Benefits continue beyond the period in which Executive would be entitled (or would, but for this Agreement, be entitled) to continuation coverage under a group health plan of
SunTrust under Code Section 4980B (COBRA) if Executive elected such coverage and paid the applicable premiums, SunTrust shall administer such continuation of coverage consistent with the following additional requirements as set forth in Treas.
Reg. § 1.409A-3(i)(1)(iv): 
 (a)        Executive’s eligibility for Welfare Benefits in one year will not affect Executive’s eligibility for Welfare Benefits in any other year (disregarding any limit on the amount of
Welfare Benefits that may be reimbursed during such continuation period); 
 (b)        Any reimbursement of eligible expenses will be made on or before the last day of the year following the year in which the expense was incurred; and 
 (c)        Executive’s right to Welfare Benefits is not subject
to liquidation or exchange for another benefit. 
 In the event the preceding sentence applies, if
Executive’s applicable COBRA period lasts less than six (6) months and Executive is a Key Employee, reimbursement for Welfare Benefits shall commence on the first day after the Key Employee Delay. 
 3.3        No Interference with Vested Benefits.    If
Executive’s employment terminates under the circumstances described in § 3.1 or § 3.6, Executive shall have a right to any benefits under any employee benefit plan, policy or program maintained by SunTrust or any SunTrust Affiliate
(other than the MIP or a FIP and the SunTrust Severance Pay Plan) which Executive had a right to receive under the terms of such employee benefit plan, policy or program after a termination of Executive’s employment without regard to this
Agreement. 
 3.4        Additional Age and Service
Credit.    If Executive’s employment terminates under the circumstances described in § 3.1 or § 3.6, Executive shall be deemed to have been employed by SunTrust throughout Executive’s Severance Period for
purposes of computing Executive’s age and service credit on the date Executive’s employment so terminates under any deferred compensation or welfare plan, policy or program (except a plan described in Section 401 of the Code)
maintained by SunTrust or a SunTrust Affiliate in which Executive is a participant and under which Executive’s benefit, or eligibility for a benefit, is based in whole or in part on Executive’s age or service, and Executive shall receive
such age and service credit notwithstanding the terms of any such plan, policy or program. 
 3.5        No Increase in Other Benefits; No Other Severance Pay.    If Executive’s employment terminates under the circumstances described in § 3.1 or § 3.6,
Executive waives Executive’s right, if any, to have any payment made under this § 3 taken into account to increase the benefits otherwise payable to, or on behalf of, Executive under any employee benefit plan, policy or program, whether
qualified or nonqualified, maintained by SunTrust or a SunTrust Affiliate (e.g., there will be no increase in Executive’s qualified pension benefit or life insurance because of compensation Executive receives under this Agreement) and, further,
Executive acknowledges he has no right to any payment of severance pay and severance benefits under the SunTrust Banks, Inc. Severance Pay Plan or any other severance pay plan, policy or program maintained by SunTrust or a SunTrust Affiliate or
under any individual severance agreement or employment agreement, subject to the condition that SunTrust not be relieved of any of its obligations to Executive under this § 3 pursuant to § 3.7 or § 3.8. 
 3.6        Termination in Anticipation of Change in
Control.    Executive shall be treated under § 3.1 as if Executive’s employment had been terminated without Cause or Executive had resigned for Good Reason during Executive’s Protection Period if
(1)(A) Executive’s employment is terminated by SunTrust or a SunTrust Affiliate without Cause on or after the date the shareholders of SunTrust approve any transaction described in §1.3(iii) or §1.3(iv) but before the Change in
Control which results from such approval, or (B) Executive resigns for Good Reason on or after the date the shareholders of SunTrust approve any transaction described in §1.3(iii) or §1.3(iv) but before the Change in Control which
results from such approval; (2) such shareholder approval occurs on or after the date this Agreement becomes effective under § 2; and (3) there is a Change in Control which results from such shareholder approval. Executive shall
receive the benefits set forth in §§ 3.1(c)(1) in a single lump sum following the later of: (x)

 
Executive’s Separation from Service (with payment in accordance with § 3.1(c)(1)), or (y) the date of the Change in Control. If the date of the Change in Control is the later
event, payment shall be treated as made upon the lapse of a substantial risk of forfeiture under Treas. Reg. § 1.409A-3(i)(1)(i) and treated as paid on the date of such Change in Control. 
 3.7        Death or Disability.    Executive agrees that
SunTrust will have no obligations to Executive under this § 3 if Executive’s employment terminates exclusively as a result of Executive’s death or Executive has a Disability Termination. 
 3.8        Release.  Executive agrees that SunTrust will have no
obligations to Executive under this § 3 until Executive executes the form of release which is attached as Exhibit A to this Agreement and, further, will have no further obligations to Executive under this § 3 if Executive revokes such
release. 
 § 4. No Solicitation of Customers or Clients 
 4.1        Restriction.  Executive shall not during the Restricted
Period, directly or indirectly, for himself or herself or on behalf of any Business Entity (as defined below) other than SunTrust or a SunTrust Affiliate, solicit or attempt to solicit any Customer for the purpose of marketing, providing, servicing,
or selling, any product or service then marketed, provided, serviced, or sold by SunTrust or any SunTrust Affiliate in any line of business in connection with which Executive had Material Contact with such Customer. Nothing contained in this §
4.1 will prohibit public advertising or public solicitations (such as television advertisements directed to the general public) of Customers, potential customers or clients of SunTrust or any SunTrust Affiliate in general so long as the advertising
and solicitations are not specifically directed to Customers, potential customers or clients of SunTrust or any SunTrust Affiliate. 
 4.2        Definitions.  For purposes of § 4.1, the following terms shall have the meanings set forth below: 
 (a)        Business Entity.  The term
“Business Entity” shall mean any individual, partnership, association, corporation, trust, limited liability company, unincorporated organization, or any other business entity or enterprise. 
 (b)        Customer.  The term “Customer”
shall mean any Business Entity to whom SunTrust or any SunTrust Affiliate provides any product or service, and with whom Executive had Material Contact. 
 (c)        Material Contact.  The term “Material Contact” shall mean any interaction between Executive and any
Business Entity that takes place in an effort to establish, maintain, or further a business relationship on behalf of SunTrust or any SunTrust Affiliate. 
 § 5. Antipirating of Employees 
 Absent the
Compensation Committee’s written consent, Executive will not during the Restricted Period solicit to employ on Executive’s own behalf or on behalf of any other person, firm or corporation, any person who was employed by SunTrust or a
SunTrust Affiliate during the term of Executive’s employment by SunTrust or a SunTrust Affiliate (whether or not such employee would commit a breach of contract), and who has not ceased to be employed by SunTrust or a SunTrust Affiliate for a
period of at least one (1) year. Nothing contained in this § 5 will prohibit public advertising or public solicitations (such as want-ads directed to the general public) of any person employed during such period by SunTrust or a SunTrust
Affiliate in general so long as the advertising and solicitations are not specifically directed to any employee or former employee of SunTrust or a SunTrust Affiliate. 
 § 6. Trade Secrets and Confidential Information 
 Executive hereby agrees that Executive will hold in a fiduciary capacity for the benefit of SunTrust and each SunTrust Affiliate, and will not directly or indirectly use or disclose, any Trade Secret that Executive may have acquired during
the term of Executive’s employment by SunTrust or a SunTrust Affiliate for so long as such information remains a Trade Secret. 

 Executive in addition agrees that during the Restricted Period Executive
will hold in a fiduciary capacity for the benefit of SunTrust and each SunTrust Affiliate, and will not directly or indirectly use or disclose, any Confidential or Proprietary Information that Executive may have acquired (whether or not developed or
compiled by Executive and whether or not Executive was authorized to have access to such information) during the term of, in the course of, or as a result of Executive’s employment by SunTrust or a SunTrust Affiliate. 
 § 7. Reasonable and Necessary Restrictions and Non-Disparagement 
 Executive acknowledges that the restrictions, prohibitions and other provisions set forth in this Agreement, including
without limitation the Restricted Period, are reasonable, fair and equitable in scope, terms and duration; are necessary to protect the legitimate business interests of SunTrust; and are a material inducement to SunTrust to enter into this
Agreement. Executive covenants that Executive will not challenge the enforceability of this Agreement nor will Executive raise any equitable defense to its enforcement. Further, Executive and SunTrust each agree not to knowingly make false or
materially misleading statements or disparaging comments about the other during the Restricted Period. 
 § 8.
Arbitration 

	
	
	 /s/

	 Initials

 Any dispute, controversy or claim arising out of or relating to this Agreement shall be determined by binding arbitration in accordance with Title 9 of the United States Code and the applicable set of arbitration rules of the American
Arbitration Association. Judgment upon any award made in such arbitration may be entered and enforced in any court of competent jurisdiction. All statutes of limitation which would otherwise be applicable in a judicial action brought by a party
shall apply to any arbitration or reference proceeding hereunder. Neither SunTrust nor Executive shall appeal such award to or seek review, modification, or vacation of such award in any court or regulatory agency. Unless otherwise agreed, venue for
arbitration shall be in Atlanta, Georgia. All of Executive’s reasonable costs and expenses incurred in connection with such arbitration shall be paid in full by SunTrust promptly on written demand from Executive, including the arbitrators’
fees, administrative fees, travel expenses, out-of-pocket expenses such as copying and telephone, court costs, witness fees and attorneys’ fees; provided, however, SunTrust shall pay no more than $30,000 per year in attorneys’ fees unless
a higher figure is awarded in the arbitration, in which event SunTrust shall pay the figure awarded in the arbitration. 
 Reimbursement of reasonable costs and expenses under this § 8 shall be administered consistent with the following additional requirements as set forth in Treas. Reg. § 1.409A-3(i)(1)(iv):
(1) Executive’s eligibility for benefits in one year will not affect Executive’s eligibility for benefits in any other year; (2) any reimbursement of eligible expenses will be made on or before the last day of the year following
the year in which the expense was incurred; and (3) Executive’s right to benefits is not subject to liquidation or exchange for another benefit. In the event Executive is a Key Employee, reimbursement for benefits under this § 8 shall
commence on the first day after the Key Employee Delay. 
  

									
				
	 	 		 		 	 /s/ Mimi Breeden

	 Executive’s signature
	 		 		 	 By: SunTrust Banks, Inc.

 § 9. Tax Protection 
 If SunTrust or SunTrust’s independent accountants determine
that any payments and benefits called for under this Agreement together with any other payments and benefits made available to Executive by SunTrust or a SunTrust Affiliate will result in Executive being subject to an excise tax under
Section 4999 of the Code or if such an excise tax is assessed against Executive as a result of any such payments and other benefits, SunTrust shall make a Gross Up Payment to or on behalf of Executive as and when any such determination or
assessment is made, provided Executive takes such action (other than waiving Executive’s right to any payments or benefits) as SunTrust reasonably requests under the circumstances to mitigate or challenge such tax. Any determination under this
§ 9 by SunTrust or SunTrust’s independent accountants shall be made in accordance with Section 280G of the Code and

 
any applicable related regulations (whether proposed, temporary or final) and any related Internal Revenue Service rulings and any related case law and, if SunTrust reasonably requests that
Executive take action to mitigate or challenge, or to mitigate and challenge, any such tax or assessment (other than waiving Executive’s right to any payment or benefit) and Executive complies with such request, SunTrust shall provide Executive
with such information and such expert advice and assistance from SunTrust’s independent accountants, lawyers and other advisors as Executive may reasonably request and shall pay for all expenses incurred in effecting such compliance and any
related fines, penalties, interest and other assessments. Any Gross Up Payment made to or on behalf of Executive under this § 9 shall be made in compliance with Code Section 409A and by the end of the year following the year that the
related taxes are remitted to the applicable taxing authority. In the event Executive is a Key Employee, reimbursement for any expenses and payment of any Gross Up Payment under this § 9 shall commence on the first day after the Key Employee
Delay. Reimbursement of any expenses incurred and related fines, penalties, interest and other assessments under this § 9 shall be administered consistent with the additional requirements set forth in § 8. 
 § 10. Miscellaneous Provisions 
 10.1        Assignment.  This Agreement is for the personal services of Executive, and the rights and obligations of Executive under this Agreement
are not assignable in whole or in part by Executive without the prior written consent of SunTrust. This Agreement is assignable in whole or in part to any successor to SunTrust. However, if SunTrust as part of any Change in Control transaction fails
to assign SunTrust’s obligations under this Agreement to SunTrust’s successor or such successor fails to expressly agree to such assignment on or before the Change in Control, SunTrust shall provide to Executive the benefits described in
§ 3 of this Agreement upon his or her Separation from Service at any time. Such benefits shall be paid or provided in accordance with the terms and requirements set forth in § 3. 
 10.2        Governing Law.  This Agreement will be governed by and
construed under the laws of the State of Georgia (without reference to the choice of law principles thereof), except to the extent superseded by federal law. 
 10.3        Counterparts.  This Agreement may be executed in counterparts, each of which will be deemed an original, but all
of which together will constitute one and the same instrument. 
 10.4        Headings; References.  The headings and captions used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this
Agreement. Any reference to a section (§) shall be to a section (§) of this Agreement unless there is an express reference to a section (§ or Section) of the Code or the Exchange Act, in which event the reference shall be to
the Code or to the Exchange Act, whichever is applicable. 
 10.5        Amendments and Waivers.  Except as otherwise specified in this Agreement, this Agreement may be amended, and the observance of any term of this Agreement may be waived
(either generally or in a particular instance and either retroactively or prospectively), only with the written consent of SunTrust and Executive. 
 10.6        Severability.  Any provision of this Agreement held to be unenforceable under applicable law will be enforced to the maximum extent
possible, and the balance of this Agreement will remain in full force and effect. 
 10.7        Entire Agreement.  This Agreement constitutes the entire understanding and agreement of SunTrust and Executive with respect to the matters contemplated in this Agreement,
and supersedes all prior understandings and agreements between SunTrust and Executive with respect to such transactions. 
 10.8        Notices.  Any notice required hereunder to be given by either SunTrust or Executive will be in writing and will be deemed effectively
given upon personal delivery to the party to be notified or five (5) days after deposit with the United States Post Office by registered or certified mail, postage prepaid, to the other party at the address set forth below or to such other
address as either party may from time to time designate by ten (10) days advance written notice pursuant to this § 10.8. All such written communication will be directed as follows: 
 If to SunTrust: 
 SunTrust Banks, Inc. 
 Attention: Chief Executive Officer

 303 Peachtree St., NE, 30th Floor 
 Atlanta, GA 30308 

 If to Executive, to the most recent address Executive has provided to SunTrust for inclusion
in Executive’s personnel records. 
 10.9        Binding
Effect.  This Agreement shall be for the benefit of, and shall be binding upon, SunTrust and Executive and their respective heirs, personal representatives, legal representatives, successors and assigns, subject, however, to the
provisions in § 10.1 of this Agreement. 
 10.10        Not an
Employment Contract.  This Agreement is not an employment contract and shall not give Executive the right to continue in employment by SunTrust or a SunTrust Affiliate for any period of time or from time to time. Moreover, this
Agreement shall not adversely affect the right of SunTrust or a SunTrust Affiliate to terminate Executive’s employment with or without cause at any time. 
 IN WITNESS WHEREOF, SunTrust and Executive have entered into this amended and restated Agreement this 5th day of August, 2008, and such date shall be the Effective Date of
this Agreement. 
  

									
	 SUNTRUST BANKS, INC.
	 		 	 EXECUTIVE

			
	 By: /s/ Mimi Breeden
	 		 	 
	         Mimi Breeden
	 		 		 	

 Title: Corporate Executive Vice President 
 and Human Resources DirectorCrestar Amended Executive Life Insurance Plan

 Exhibit 10.25 
 CRESTAR 
 AMENDED 
 EXECUTIVE LIFE INSURANCE PLAN 
 AMENDED AND RESTATED 
 EFFECTIVE AS OF JANUARY 1, 2009 
 With Amendments Through January 1, 2010 
  

 i 

 CRESTAR 
 AMENDED 
 EXECUTIVE LIFE INSURANCE PLAN 
 AMENDED AND RESTATED 
 EFFECTIVE
AS OF JANUARY 1, 2009 
 TABLE OF CONTENTS 
  

							
	 	  	Page
			
	Article 1	  	Establishment, History and Purpose	  	1
			
	Article 2	  	Definitions	  	3
		  	2.1	  	Administrator	  	3
		  	2.2	  	Affiliate	  	3
		  	2.3	  	Base Compensation	  	3
		  	2.4	  	Beneficiary	  	3
		  	2.5	  	Board	  	3
		  	2.6	  	Bonus	  	3
		  	2.7	  	Code	  	
		  	2.8	  	Committee	  	4
		  	2.9	  	Corporation	  	4
		  	2.10	  	Crestar	  	4
		  	2.11	  	Current Policy	  	4
		  	2.12	  	Deemed Premium	  	4
		  	2.13	  	Effective Date	  	4
		  	2.14	  	ERISA	  	4
		  	2.15	  	Insurer	  	5
		  	2.16	  	Merger Date	  	5
		  	2.17	  	Participant	  	5
		  	2.18	  	 Plan or Amended and Restated ELI or
 Amended and
Restated ELI Plan
	  	5
		  	2.19	  	Plan Year	  	
		  	2.20	  	Premium Period	  	5
		  	2.21	  	Prior Plan	  	5
		  	2.22	  	Prior Policy	  	6
		  	2.23	  	Trust	  	6
		  	2.24	  	Trustee	  	6
		  	2.25	  	Valuation Date	  	6
			
	Article 3	  	Participation	  	7
		  	3.1	  	Eligible Participants	  	7
		  	3.2	  	Commencement of Participation	  	7
		  	3.3	  	Termination of Participation	  	7
		  		  	 (a)      Cancellation or Withdrawal
	  	7
		  		  	 (b)      End of Bonus Period
	  	7
		  		  	 (c)      Disability
	  	7
		  		  	 (d)      Death
	  	7
		  	3.4	  	Eligible Participants	  	8
		  	3.5	  	Commencement of Participation	  	8
		  	3.6	  	Termination of Participation	  	8
		  		  	 (a)      Cancellation or Withdrawal
	  	8
		  		  	 (b)      End of Bonus Period
	  	8
		  		  	 (c)      Disability
	  	8
		  		  	 (d)      Death
	  	8
			
	Article 4	  	Amount and Distribution of Plan Benefits	  	9
		  	4.1	  	Premium Payments	  	9
		  	4.2	  	Bonus Payments	  	9
		  		  	 (a)      Calculation
	  	9

  

 ii 

							
		  		  	 (b)      Time of Payment of Annual Bonus
	  	9
		  	4.3	  	Key Employee Delay	  	9
		  	4.4	  	Death	  	9
		  	4.5	  	Withdrawals for Unforeseeable Emergency	  	10
		  	4.6	  	Effect of Taxation	  	10
			
	Article 5	  	Administration	  	11
		  	5.1	  	Responsibility of Administrator	  	11
		  	5.2	  	Books, Records and Expenses	  	12
		  	5.3	  	Compensation	  	12
		  	5.4	  	Indemnity	  	12
			
	Article 6	  	Right to Amend or Terminate Plan	  	13
			
	Article 7	  	Special Provisions Related to Change in Control	  	14
		  	7.1	  	Trust Agreement	  	14
		  	7.2	  	Special Claims Procedure	  	14
		  	7.3	  	Special Commitments	  	14
		  	7.4	  	Prior Plan Document	  	14
		  	7.5	  	Subsequent Change in Control	  	14
			
	Article 8	  	Miscellaneous	  	15
		  	8.1	  	Construction	  	15
		  	8.2	  	Validity	  	15
		  	8.3	  	Non-Alienability of Benefits	  	15
		  	8.4	  	Payment to Guardian, Legal Representative or Other	  	15
		  	8.5	  	Unclaimed Benefits	  	16
		  	8.6	  	No Participation Rights or Contract of Employment	  	16
		  	8.7	  	Liability	  	16
		  	8.8	  	Unfunded Plan	  	16
		  	8.9	  	Binding Effect	  	17
		  	8.10	  	Governing Law	  	17

  

 iii 

 CRESTAR 
 AMENDED 
 EXECUTIVE LIFE INSURANCE PLAN 
 AMENDED AND RESTATED 
 EFFECTIVE
AS OF JANUARY 1, 2009 
 ARTICLE 1 
 Establishment, History and Purpose 
 Crestar Financial Corporation (“Crestar”)
established the Crestar Financial Corporation Executive Life Insurance Plan, effective as of January 1, 1984 (“ELI” or the “Prior Plan”). The purpose of ELI was to provide additional life insurance benefits to certain
Crestar executives as a supplement to other death benefits. ELI was amended and restated effective as of January 1, 1991 and various amendments were subsequently adopted. 
 Initially, General American Life Insurance Company (“General American”) issued the life insurance policies used for ELI. Crestar and each
executive held, as joint owners, one or more General American policies insuring the executive’s life, and each owned an interest in the death benefits and cash value of the policies. The executive gave an endorsement to Crestar which, together
with the plan documents, established its right to reimbursement for all premiums it paid on the policies. Reimbursement occurred at the earliest of the participant’s death, separation from service or a scheduled rollout date. At that time,
Crestar would recover its premium payments and release its interest in the policies to the co-owner or beneficiary as applicable. 
 In
the 1990s Crestar realized that the General American policies were not performing as originally projected. Over several years, Crestar worked with an independent consultant to reassess the program, find a new design and seek better performing
policies. Effective January 1, 1995, Crestar implemented a redesigned ELI. Pacific Life Insurance Company (“Pacific Life”) became the insurer for all new ELI policies issued after 1994. Each participating executive owned only one
policy with a collateral assignment to Crestar for reimbursement of all corporate premiums. Reim- bursement would occur at the executive’s separation from service, the scheduled rollout of the policy or the participants’ death, whichever
first occurred. After reimbursement, Crestar would release its interest in the policy, and it would then be solely owned by the executive or his assignee. Active employees were allowed to exchange their General American policies for a Pacific Life
policy. The redesigned program generally provided a death benefit of four (4) times base pay before retirement and two (2) times base pay after retirement. 
 On December 31, 1998, Crestar merged into a wholly owned subsidiary of SunTrust Banks, Inc. (the “Corporation”) and Crestar and its affiliates became part of the SunTrust controlled group. In
December 1999 Crestar Bank was appointed sponsor of the ELI because it had paid the greatest portion of ELI premiums. When the affiliated banks of Crestar and SunTrust were merged, SunTrust Bank became the successor sponsor. 
 SunTrust Bank continued to hold annual valuation meeting and reviewed the ELI regularly. Several internal and external studies evaluated the program,
with goals, among others, of complying with the 
  

 1 

 commitments made to participants and being fair to them, while at the same time providing the program without a
significant cost increase. Other objectives have included complying with applicable law, stabilizing the volatility of the program, and simplifying the administration and structure of the Plan so that participants would better understand this
valuable benefit. 
 In this Amended and Restated ELI Plan, the Plan is again being redesigned, but in a more significant way. SunTrust
Bank is replacing the former split dollar design with a bonus arrangement. All participants on December 31, 2008, who own Pacific Life policies through ELI, who are up-to-date on their premium payments and who sign the Election, Consent and
Release Agreement provided by the Administrator and do not elect to withdraw from the Prior Plan will continue participating in the Amended and Restated ELI after 2008 and all matters related to the bonus arrangement will be determined under the
terms of this Amended and Restated ELI Plan. 
 The transition from the split dollar program to the bonus arrangement involves several
steps. First, all participants who continue participating in ELI after 2008 will have their Prior Policies cancelled and SunTrust Bank will be reimbursed from the cash value of the policies for all the corporate premiums paid. Next, Pacific Life
will send to each such participant a portion of the policy’s cash value to pay federal and state income taxes the participant will owe because of the policy rollout. Pacific Life will then transfer the remaining cash value to a new Pacific Life
policy providing enhanced benefits. During the Premium Period, SunTrust will pay annual, fully and currently taxable bonuses to Participants under the circumstances described in this Plan document. 
  

 2 

 ARTICLE 2 
 Definitions 
 The following capitalized terms will have the meanings set forth in this Article 2 whenever such
capitalized terms are used throughout this Plan document: 
  

	2.1	Administrator means SunTrust Bank unless another administrator is appointed. SunTrust Bank’s administrative duties are carried out under the direction and supervision
of the Human Resources Director, who may appoint the Committee or another entity or person to carry out one or more administrative duties. 

  

	2.2	Affiliate means as of any date any organization which is a member of a controlled group of corporations (within the meaning of Code section 414(b)) which includes the
Corporation or a controlled group of trades or businesses (within the meaning of Code section 414(c)) which includes the Corporation. 

  

	2.3	Base Compensation means the annual base compensation of a Participant who has not terminated employment with the Corporation and its Affiliates. For a Participant who has
attained age 65 or who has terminated employment with the Corporation and its Affiliates following the Merger Date, Base Compensation means the Participant’s base pay used to calculate his Current Policy’s death benefit. Base Compensation
is updated on an annual basis. For purposes of calculating future benefits, a 4% annual increase in Base Compensation is assumed. Base Compensation does not include any amount attributable to Salary Shares paid to certain executive officers as
part of their Base Compensation for 2010. 

  

	2.4	Beneficiary means one or more persons or entities entitled to receive any benefits payable under the Current Policy at the Participant’s death. A Participant shall
follow the procedures of the Insurer to properly designate Beneficiaries and to revoke and redesignate Beneficiaries. The default Beneficiary is determined by the terms of the Current Policy. 

  

	2.5	Board means the Board of Directors of the Corporation. 

  

	2.6	Bonus means the annual bonus SunTrust pays during the Premium Period to Participants as tax reimbursement as described in Article 4. 

  

	2.7	Code means the Internal Revenue Code of 1986, as amended. 

  

	2.8	Committee means the Benefits Plan Committee. 

  

 3 

	2.9	Corporation means SunTrust Banks, Inc. or its successor. 

  

	2.10	Crestar means Crestar Financial Corporation, the original sponsor of the ELI Plan. 

  

	2.11	Current Policy means the Pacific Life MVP VII Variable Universal Life product, with a January 1, 2009 issue date, insuring the life of the Participant, up to age 120,
if sufficient premiums and dividends are paid, and providing a death benefit equal to four (4) times Base Compensation until age 65, and two (2) times Base Compensation at age 65 and later. 

  

	2.12	Deemed Premium means the premium amount the Participant would have been required to pay on an annual after-tax basis to the Prior Policy during the Premium Period.

  

	2.13	Effective Date means the date this Amended and Restated ELI Plan became effective, which is January 1, 2009. The original Effective Date of the Prior Plan is
January 1, 1984. 

  

	2.14	ERISA means the Employee Retirement Income Security Act of 1974, as amended. 

  

	2.15	Insurer means Pacific Life Insurance Company. 

  

	2.16	Merger Date means December 31, 1998, the date Crestar was merged into a wholly owned SunTrust subsidiary and became a part of the SunTrust controlled group.

  

	2.17	Participant means a former Crestar officer who was a participant in the ELI Plan on December 31, 2008, whose ELI policy was issued by Pacific Life Insurance Company
in 1995 or later, who was up-to-date on his premium payments and who elected to continue participation in this Amended and Restated ELI Plan effective January 1, 2009, by signing the Election, Consent and Release Agreement provided by the
Administrator and electing to participate in the Amended and Restated ELI. 

  

	2.18	Plan or Amended and Restated ELI or Amended and Restated ELI Plan means the Crestar Amended and Restated ELI Plan as set forth in this document and thereafter amended from
time to time. 

  

	2.19	Plan Year means the calendar year. 

  

	2.20	Premium Period means the period beginning on January 1, 2009, the Current Policy’s issue date, and ending on the earliest of: (a) payment of the fifth
annual premium on or about January 1, 2013 and the corresponding Bonus; (b) the Participant’s attainment of age 65; (c) the date the Participant or other owner creates a forfeiture as described in Section 3.3; or
(d) the date of the Participant’s death. 

  

 4 

	2.21	Prior Plan means split dollar life insurance program established under the the Crestar Financial Corporation Executive Life Insurance Plan, originally effective
January 1,1984 and amended and restated as of January 1, 1991 and subsequently amended from time to time. 

  

	2.22	Prior Policy means the Pacific Life Versa-Flex IV (VF4) Universal Life product issued in connection with the Prior Plan beginning January 1, 1995, and insuring the
life of the Participant up to age 94, if sufficient dividends and premiums are paid, and providing a death benefit equal to four (4) times Base Compensation until age 65 and two (2) times Base Compensation at age 65 and later.

  

	2.22	Trust means the Crestar Bank Selected Executive Plans Trust), a rabbi trust that provides funds to pay for ELI benefits (premiums and bonus) if SunTrust Bank or a
successor refuses to pay. In the event of SunTrust Bank’s Insolvency, as defined in the Trust, all Trust assets are subject to the claims of SunTrust Bank’s general creditors and ELI participants are unsecured general creditors of SunTrust
Bank with respect to the Trust assets. 

  

	2.23	Trustee means the trustee serving under the Trust, which currently is U. S. Trust Company, N.A. 

  

	2.24	Valuation Date means the last business day of each Plan Year and such other dates as the Committee may determine from time to time. 

  
 ARTICLE 3 
 Participation 
  

	3.1	Eligible Participants. Each participant in the Prior Plan with a Prior Policy in effect as of December 31, 2008, and with no participant contributions then in
arrears, shall be a Participant in this Amended and Restated ELI if he or she signed the Election, Consent and Release Agreement provided by the Administrator and did not elect to withdraw from the Prior Plan. No other individuals may become
Participants in this Plan. 

  

	3.2	Commencement of Participation. Each Participant in this Plan must have a Current Policy with an issue date of January 1, 2009. Each Participant begins participation
effective as of January 1, 2009. 

  
  

	3.3	Termination of Participation 

  

	 	(a)	 Forfeiture of Participation Rights. Each Participant becomes ineligible to participate in this Plan and forfeits his right to receive any additional
premium payments or Bonus if, during the Premium Period, the Participant or other owner of the Current Policy (including the transferee of the Current Policy) attempts to reduce the Current Policy’s death benefit, cancels or attempts to cancel
the Current Policy, moves or attempts to move the cash value in the Current Policy out of the Pacific Life Fixed LT Account and into another investment, or withdraws or attempts to

  

 5 

	 	 
withdraw money, by loan or otherwise, from the Current Policy, without the permission of the Administrator. 

  

	 	(b)	End of Premium Period. Each Participant becomes ineligible to participate in this Plan and ceases to receive any additional premium payments from SunTrust or any
additional Bonus at the end of the Premium Period. The last Bonus payment to the Participant shall be made for the final quarter in which the Corporation pays the Current Policy premium during the Premium Period. 

  

	 	(c)	Disability. The Participant’s total and permanent disability shall not change the Participant’s status under this Plan or the Company’s obligations.

  

	 	(d)	Death. Each Participant ceases to participate in this Plan on his date of death and no further Bonus will be paid to anyone from this Plan (unless the Participant did not
receive the Bonus attributable to the final premium payment by SunTrust Bank). The Insurer shall be solely responsible for payment of any death benefits from the Current Policy. 

  
 ARTICLE 4 
 Amount and Distribution 
 of Plan Benefits 
  

	4.1	Premium Payments. As long as the Participant does not have a forfeiture as described in Section 3.3 or otherwise cease to participate in the Plan before the end of
the Premium Period, SunTrust Bank shall pay the full annual premium amount due on the Participant’s Current Policy. Such amount shall be paid directly to the Insurer in the first quarter of each year. The Administrator shall notify the
Participants and the Trustee if SunTrust Bank fails to pay the premiums when due. 

  

	4.2	 Bonus Payments. The Corporation and SunTrust Bank shall treat each premium payment on behalf of a Participant as a currently taxable Bonus to the
Participant for the year in which the Participant owes state and federal income and employment taxes attributable to the premium payment. SunTrust Bank shall include in the annual bonus an amount attributable to the income, FICA and other payroll
taxes the Participant incurs on account of SunTrust Bank’s premium payment and plus an amount for the additional income taxes (a gross-up) because of inclusion of the tax payment in income, such that the total Bonus, as determined by SunTrust
Bank, is reasonably estimated to be sufficient to cover the Participant’s taxes (federal and state income tax as well as FICA and other payroll taxes) less the amount of the premium the Participant would have been responsible for paying in the
same year on the Prior Policy. Such Bonus amount shall be paid no later than March 15 of the calendar year in which

  

 6 

	 	 
SunTrust Bank pays premiums on the Participant’s Current Policy. The intent of the Bonus is to create a neutral tax position for the Participant with respect to his participation in the
Amended ELI. The Bonus is reduced by the premium liability the Participant would have had under the Prior Policy, which is intended to put the Participant in a neutral position with respect to his net after-tax outlay under the Prior Policy and the
Current Policy. 

  

	4.3	Death. In the event of a Participant’s death, the Administrator shall authorize payment to the Participant’s estate or Beneficiary responsible for payment of the
Participant’s taxes any unpaid Bonus owing to the Participant prior to his death. 

  

	4.4	Effect of Taxation. It is not intended that any premiums or other amounts payable under this Amended ELI Plan be subject to the requirements of Code section 409A. However,
if a portion of the cash value of the Participant’s Current Policy (or any other amount) is includible in income under Code section 409A, the owner of the Current Policy shall have the right to withdraw such portion immediately from the Current
Policy. 

  
 Article 5 
 Administration 
  

	5.1	Responsibility of Administrator. This Plan shall be administered by the Administrator who shall have sole discretionary authority for the operation, interpretation and
administration of the Plan. All determinations and actions of the Administrator within its discretionary authority shall be final, conclusive and binding on all persons, except that the Administrator may revoke or modify a determination or action it
determines was previously made in error. The Administrator shall exercise all powers and authority given to it in a nondiscriminatory manner, In addition to the implied powers and duties that may be needed to carry out the administration of the
Plan, the Administrator shall have the following specific powers and responsibilities: 

  

	 	(a)	To establish, interpret, amend, revoke and enforce rules and regulations as required or desirable for the efficient administration of the Plan. 

  

	 	(b)	To review and interpret Plan provisions and to remedy provisions that are ambiguous or inconsistent or contain omissions. 

  

	 	(c)	To determine all questions relating to an individual’s eligibility to participate in the Plan and the validity of an individual’s Election, Consent and Release
agreement. 

  

	 	(d)	To determine a Participant’s or Beneficiary’s eligibility for Premium and Bonus benefits from the Plan and to authorize payment of benefits. 

 

 7 

	 	(e)	To delegate any of the Administrator’s rights, powers and duties to one or more employees or officers of the Corporation or to a third-party administrator. Such delegation
may include, without limitation, the power to execute any document on behalf of the Administrator and to accept service of legal process for the Administrator at the principal office of SunTrust Bank. 

  

	 	(f)	To employ outside professionals and to enter into agreements on behalf of SunTrust Bank necessary or desirable for administration of the Plan. 

  

	5.2	Books, Records and Expenses. The Administrator shall maintain books and records for purposes of this Plan, which shall be subject to the supervision and control of the
Administrator. SunTrust Bank shall pay the general expenses of administering this Plan. 

  

	5.3	Compensation. Neither the Administrator nor any delegate who is an employee of the Corporation or an Affiliate shall receive any additional compensation for his services
as Administrator or delegate. 

  

	5.4	Indemnification. The Corporation (to the extent permissible under law and consistent with its charters and bylaws) shall indemnify and hold harmless the Committee,
each individual member of the Committee and any Employee authorized to act on behalf of the Committee or any Employer or the Administrator under this Plan for any liability, loss, expense, assessment or other cost of any kind or description
whatsoever, including legal fees and expenses, which they actually incur for their acts and omissions, past, current or future, in the administration of the Plan. 

  

	5.5	Claims. The Administrator shall establish a claims procedure consistent with the requirements under Department of Labor regulations under section 503 of ERISA. The
Administrator shall include in those procedures the special claims review procedures as provided by the Trust for ELI Participants. Those procedures provide that if a Participant follows the Plan’s administrative claims procedures and his claim
is denied on appeal, in whole or in part, the Participant may appeal the denial to the Trustee. The Trustee shall have sole and exclusive authority to decide the matter and the decision of the Trustee shall be binding on all parties.

  
 Article 6 
 Right to Amend or Terminate Plan 
 SunTrust Bank
expects to continue this Plan indefinitely, but reserves the right to amend or discontinue the Plan should it deem such an amendment or discontinuance necessary or desirable. SunTrust Bank hereby authorizes and empowers the Administrator (excluding
an outside Administrator) to amend this Plan in any manner that is consistent with the purpose of this Plan as set forth above, without approval from the Board or the Board’s Compensation Committee except as to any matter that the Administrator
determines may result in a 
  

 8 

	 	 
material increased cost to the Corporation and its Affiliates. No amendment may be made to this Plan that is adverse to a Participant or Beneficiary without the consent of the affected
Participant or Beneficiary. However, if this Plan should be amended or discontinued, SunTrust Bank shall be liable for payment of any amounts that have accrued and are vested as of the date of such action, and shall take such other steps as it deems
appropriate, in its sole discretion, to terminate and wind up the affairs of the Plan in a manner generally consistent with its purposes. 

  
 Article 7 
 Miscellaneous 

  

	7.1	Construction. The headings and subheadings in this Plan have been set forth for convenience of reference only and have no substantive effect whatsoever. Whenever any words
are used herein in the masculine, they shall be construed as though they were used in the feminine in all cases where they would so apply; and whenever any words are used herein in the singular or in the plural, they shall be construed as though
they were used in the plural or in the singular, as the case may be, in all cases where they would so apply. 

  

	7.2	Validity. In case any provision of this Plan shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts hereof,
but this Plan shall be construed and enforced as if such illegal and invalid provision had never been inserted herein. 

  

	7.3	Non-Alienability of Benefits. Except as required by law or as expressly stated in this document, the Participant shall not have any power to alienate, transfer, assign, or
otherwise encumber in advance any of the premium or Bonus benefits that may become due hereunder and any attempt to do so shall be null and void; nor shall any such benefits be subject to attachment, garnishment or execution, or be transferable by
operation of law in the event of the Participant’s death. Any benefits payable from or by the Current Policy shall be determined solely in accordance with the terms of the Policy. 

  

	7.4	Payment to Guardian, Legal Representative or Other. If a benefit hereunder is payable to a minor or a person declared incompetent or to a person incapable of handling the
disposition of his property, the Administrator may direct payment of such Plan benefit to the guardian, legal representative or person having the care and custody of such minor, incompetent or person. The Administrator may require proof of
incompetency, minority, incapacity or guardianship as it may deem appropriate prior to distribution of the Plan benefit. A payment pursuant to this Section 8.4 shall completely discharge the Administrator and the Corporation from all liability
with respect to such benefit. 

  

	7.5	Unclaimed Benefits. Each Participant shall keep the Administrator informed of his current address and the current address of his designated Beneficiary. The Administrator
shall not be obligated to search for the whereabouts of any person if the location of a person is not made known to the Administrator. 

  

 9 

	7.6	No Participation Rights or Contract of Employment. Nothing in this Plan shall be construed to limit in any way the right of the Corporation or an Affiliate to terminate a
Participant’s employment at any time, without regard to the effect of such termination on any rights such Participant would otherwise have under the Plan, or give any right to a Participant to remain employed by the Corporation or its
Affiliates in any particular position or at any particular rate of remuneration. 

  

	7.7	The Trust. Crestar and Crestar Bank established, but were not required to establish, a special trust, sometimes referred to as a “rabbi” trust, to assist in
meeting their financial obligations under this Plan. SunTrust Bank, as successor to Crestar Bank, is the grantor of the Trust. The assets of the Trust are be subject to the claims of creditors of SunTrust Bank in the event of the SunTrust
Bank’s Corporation’s insolvency, as defined in the trust agreement, and Participants in this Plan and their Beneficiaries shall have no preferred claim on, or any legal or equitable rights, claims or interest in any particular assets of
Trust. To the extent payments of benefits under this Plan are actually made from any the trust or from any other source, SunTrust Bank’s obligation to make such payments is satisfied, but to the extent not so paid, payment of benefits under
this Plan remains the obligation of, and shall be paid by, SunTrust Bank. 

  

	7.8	Change in Control Protections. Crestar arranged for certain protective measures for ELI Participants in the event of a change in control. One of the provisions is the
special claims appeal procedure with the Trustee of the Trust as described in Section 5.5 of this Plan document. Another provision requires participant consent to any adverse amendment. In addition, a successor in interest to Crestar must agree
to assume responsibility for the Plan. Finally, Crestar Bank maintained the Trust to provide a means of paying for benefits if a successor decided not to pay. The Trust cannot pay benefits in the event of the successor’s insolvency, as defined
in the Trust agreement. 

  

	7.9	Binding Effect. This Plan shall be binding upon and inure to the benefit of any successor of SunTrust Bank and any successor shall be deemed substituted for SunTrust Bank
under this Plan and shall assume the rights, obligations and liabilities of SunTrust Bank hereunder and be obligated to perform the terms and conditions of this Plan. As used in this paragraph 8.9, the term “successor” shall include any
person, firm, corporation or other business entity or related group of such persons, firms, corporations or business entities which at any time, whether by merger, purchase, reorganization, liquidation or otherwise, or by means of a series of such
transactions, acquires all or substantially all of the assets or business of SunTrust Bank. 

  

	7.10	Governing Law. The Plan and all actions taken pursuant to the Plan shall be governed by the laws of the State of Georgia (excluding its choice-of-law rules) except to the
extent such laws are superseded by federal law. 

  

 10 

 SunTrust Bank has caused its duly authorized officer to sign this document on this 31st day of December 2008, to reflect the
provisions of the Amended ELI Plan, effective as of January 1, 2009. 
  

			
	SUNTRUST BANK
		
	By:	 	 
		
	Title:	 	 

  

			
	ATTEST:
		
	By:	 	 
		
	Title:	 	 

  

 11

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