Document:

First Horizon National Corp

Exhibit 10 (w) 

April 21, 2004 

Mr. Jimmie L.
Hughes 
c/o FTN Financial
 845 Crossover Lane – Suite 150
Memphis, TN 38117 

Dear Jimmie: 

          We
are writing this letter (this “Agreement”) to confirm certain terms of your
employment and certain components of your compensation and benefits package, which have
been approved by the Compensation Committee of the Board of Directors (the “Committee”),
in connection with your employment with First Horizon National Corporation (the “Company”).  

 

	I.  	Position
and Title 

          Effective
January 1, 2004, your title is President, FTN Financial. In that capacity, you report
directly to J. Kenneth Glass, Chairman and CEO.  

 

	II.  	Compensation
and Benefits 

	 	
 A.    Base Salary. Effective
February 22, 2004, your annualized base salary is                     $575,000, subject
to annual adjustments in each fiscal year thereafter as                     determined by
the Committee. 

	 	
 B.    Annual Bonus. Effective
January 1, 2004, you will participate in the                     Company’s 2002
Management Incentive Plan, subject to the terms and                     conditions
specified therein, with a maximum annual bonus opportunity under such
                    plan of $3,425,000. 

	 	
 C.    Special Supplemental Pension. You
will be added as a                     “Participant” in the Company’s
Amended and Restated Pension                     Restoration Plan (the “Restoration
Plan”), subject to the terms and                     conditions specified therein.
In addition, you will receive a supplemental                     annual benefit under the
Restoration Plan of $330,747.00 for 10 years (the                     “Supplemental
Benefit”). Your Supplemental Benefit shall be paid in                     bi-weekly
installments, commencing the first pay day of the month following the
                    month in which your employment with the Company terminates for any
reason other                     than Cause (as defined below). If you die before all 120
monthly payments have                     been made to you, your then surviving spouse
will receive the balance of such                     payments. If you have no spouse who
survives you, the balance of the payments                     shall be made to your
estate. If your surviving spouse should die before all                     payments have
been made to her, then the unpaid balance will be paid to her                     estate.
Except as set forth above and in Section III, the payment of the
                    Supplemental Benefit shall be subject to the terms and conditions of
the                     Restoration Plan. It is estimated that, for the period during
which your                     Supplemental Benefit is payable, your combined (basic
and supplemental)                     annual benefit under this Plan will be
approximately $466,000.00 (based on the                     basic benefit under the
Restoration Plan payable as a 10 Year Certain & Life                     Annuity).

 

  

	 	
 D.    TARSAP Grant. Effective
April 20, 2004, you will participate in the Time                     Accelerated
Restricted Stock Appreciation Program (TARSAP), subject to the terms
                    and conditions specified therein. This program allows for restricted
stock                     grants to executives upon approval of the Compensation
Committee. The program                     calls for grants every three years for three
consecutive 3-year performance                     periods. If performance criteria are
not met, restrictions will lapse 10 years                     from date of grant. The
calculation for the grant is based on 50% of base salary                     divided by
fair market value of First Horizon common stock on date of grant. 

	 	
 E.    Long Term Incentive Program. Effective
April 20, 2004, you will participate in the                     2003-2005 (for the years
2004 and 2005 only) and 2004-2006 Long Term Incentive                     Programs,
subject to the terms and conditions specified therein. This program
                    allows for a maximum incentive potential of 225% of annual salary
that will be                     paid subsequent to the 3 year performance period if
specific performance                     criteria are met. 

	 	
 F.    Other. The
terms and conditions of                     your compensation and benefits package
specified above are in addition to, and                     otherwise supplement, any
other compensation or benefits to which you would                     otherwise be
entitled under any Plan or future Plan based on your salary grade
                    and/or base salary; provided, however, that, for the avoidance of
doubt, your                     participation in the Capital Markets Incentive
Compensation Plan ceased on                     December 31, 2003 and you shall no longer
participate in such plan. For purposes                     of this Agreement, “Plan” shall
mean any compensation plan such as an                     incentive, stock option,
restricted stock, pension restoration or deferred                     compensation plan
or any employee benefit plan such as a thrift, pension, profit
                    sharing, medical, disability, accident, life insurance plan or a
relocation plan                     or policy or any other plan, program or policy of the
Company intended to                     benefit employees, including, without limitation,
any plans established after                     the date hereof. 

	III. 	Termination
 

          If
your employment by the Company shall be terminated by the Company, the Company shall pay
to you, or you shall otherwise be entitled to receive, compensation and benefits subject
to and in accordance with the terms and conditions of any Plan or any agreement or any
other arrangement entered into or agreed upon by you and the Company; provided, however,
that, if your employment is terminated by the Company for Cause, the Company will not
pay, and you shall not be entitled to receive, the Supplemental Benefit described in
Section II.C. above.  

          For
purposes of this Agreement, termination by the Company of your employment for “Cause” shall
mean termination upon (a) the willful engaging by you in illegal conduct which is
materially and demonstrably injurious to the Company, (b) your conviction of, or plea of,
guilty or nolo contendere to, a felony, (c) your disqualification or bar by any
governmental or self-regulatory authority from serving in the capacity contemplated by
this Agreement, or (d) your fraud or material dishonesty in connection with the business
of the Company. For purposes of this paragraph, no act, or failure to act, on your part
shall be considered “willful” unless done, or omitted to be done, by you in bad
faith and without reasonable belief that your action or omission was in, or not opposed
to, the best interests of the Company or its Affiliates. Any act, or failure to act,
based upon authority given pursuant to a resolution duly adopted by the Board or based
upon the advice of counsel for the Company or upon the instructions of the Chief
Executive Officer or other senior executive officer of 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 and its Affiliates. For purposes of this Agreement, “Affiliate” means
any person directly or indirectly controlling, controlled by, or under common control
with the Company. It is also expressly understood that your attention to matters or your
engagement in activities not directly related to the business of the Company shall not
provide a basis for termination for Cause so long as the Board has approved your
engagement in such activities prior to such engagement. Notwithstanding the foregoing, in
the case of clause (a) of this paragraph, you shall not be deemed to have been terminated
for Cause unless and until there shall have been delivered to you a copy of a resolution
duly adopted by the affirmative vote of not less than three-fourths (3/4) of the entire
membership of the Board at a meeting of the Board called and held for such purpose (after
reasonable notice to you and an opportunity for you, together with your counsel, to be
heard before the Board), finding that in the good faith opinion of the Board you were
guilty of the conduct set forth above in clause (a) of this paragraph and specifying the
particulars thereof in detail. The Company must notify you of any event constituting
Cause within ninety (90) days following the Company’s knowledge of its existence or
such event shall not constitute Cause under this Agreement.  

 

  

	IV.  	Binding
Effect 

          Upon
your signing this Agreement, and after the expiration of seven (7) days, it will become
effective and is binding upon you, your heirs and personal representatives and the
Company and its successors and assigns.  

 

	V.  	Severability 

          A
 finding that any provision of this Agreement is
void or unenforceable shall not affect the validity or enforceability of any other
provisions of this Agreement.  

 

	VI.  	Drafting 

          This
 Agreement is a product of negotiations between
the parties and in construing the provisions of this Agreement, no inference or
presumption shall be drawn against either party on the basis of which party or their
attorneys drafted this Agreement.  

 

	VII.  	Captions 

          The
 captions to the various paragraphs of this
Agreement are for convenience only and are not part of this Agreement.  

 

	VIII.  	 Sole
Agreement 

          By
 your signature, you confirm that the only
consideration for your signing this Agreement are the terms set forth within it, and that
no other promise or agreement of any kind has been made to you by the Company or anyone
acting by, for, or on its behalf.  

 

	IX.  	Consultation 

 

  

          BY
 YOUR SIGNATURE, YOU AFFIRM THAT YOU HAVE BEEN
FREE TO DISCUSS THIS MATTER PRIVATELY AND THOROUGHLY WITH AN ATTORNEY OF YOUR CHOICE AND
THAT YOU FULLY UNDERSTAND THE MEANING AND INTENT OF THIS AGREEMENT, INCLUDING, BUT NOT
LIMITED TO, ITS FINAL AND BINDING EFFECT.  

          This
 Agreement is signed in duplicate originals at
First Horizon National Corporation Memphis, Tennessee.  

          The
 compensation package which has been approved by
the Committee is, of course, conditioned on your acceptance of the terms of this letter,
expressed by your signature in the space provided below.  

Sincerely, 

/s/ Sarah L. Meyerrose
Sarah
L. Meyerrose
EVP Corporate & Employee Services 

          I
HAVE READ, UNDERSTOOD AND KNOWINGLY AND VOLUNTARILY SIGNED AND ACCEPTED WITH FULL
KNOWLEDGE OF MY RIGHTS ON THE DATE SET FORTH BELOW.  

 

		
	/s/
      Jimmie L. Hughes	June
      1, 2004	 
	Jimmie
      L. Hughes	Date	 
			 
	Witnessed
      by:		 
			 
	/s/
      Kay S. Williams	June
      1, 2004	 
	Kay S.
      Williams	DateExhibit 10.18

AMENDMENT ONE TO

EMPLOYMENT AGREEMENT

DATED APRIL 1, 2003

This Amended Agreement
amends that certain Employment Agreement (“Agreement”) dated April 1, 2003 by
and between Alliance Bank, N.A. as employer and John W. Wilson as employee. 

Paragraph 2. of the
Agreement is hereby amended to replace the date “December 31, 2004” with the
new date of May 7, 2004 (“Termination Date”). 

The Termination Date
shall apply to all provisions of the Agreement except Section 6.a., Section
6.b. and Section 6.d. as it applies to Sections 6.a. and 6.b.

This Amended Agreement
may be executed in two or more counterparts, each of which shall be deemed an
original, but all together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the
parties have executed this Amended Agreement on May 4, 2004

	
   
	
  Alliance Bank N.A.

	
   
	
   

	
   
	
  By: /s/ Jack H. Webb

  ITS: President & C.E.O.

	
   
	
   

	
   
	
  /s/ John H. Wilson

  Employee

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