Document:

Bank of America - Fifth Supplemental Indenture

 Exhibit 4(rr) 
  
 BANK OF AMERICA CORPORATION 
  
 FIFTH SUPPLEMENTAL INDENTURE 
  
 Dated as of March 18, 2004 
  
 Supplementing the Indenture, dated as of June 30, 2000, 
 between FleetBoston Financial Corporation 
 and The Bank of New York, as Trustee, 
 as supplemented by 
 a First Supplemental
Indenture dated as of June 30, 2000, 
 a Second Supplemental Indenture dated as of September 17, 2001, 
 a Third Supplemental Indenture dated as of March 8, 2002, and 
 a Fourth Supplemental Indenture dated as of July 31, 2003. 
  

 THIS FIFTH SUPPLEMENTAL INDENTURE, dated as of March 18, 2004 (the “Fifth Supplemental
Indenture”), is made by and among BANK OF AMERICA CORPORATION, a Delaware corporation (the “Corporation”), FLEETBOSTON FINANCIAL CORPORATION, a Rhode Island corporation (“FBFC”), and THE BANK OF NEW
YORK, a New York banking corporation, as Trustee (the “Trustee”) under the Indenture referred to herein. 
  
 W I T N E S S E T H: 
  
 WHEREAS, FBFC and the Trustee are parties to an Indenture dated as of June 30, 2000 (the “Original Indenture”), providing for the
issuance of Junior Subordinated Unsecured Debentures (the “Notes”); 
  
 WHEREAS, the Original Indenture has been amended and supplemented by a First Supplemental Indenture dated as of June 30, 2000, a Second Supplemental Indenture dated as of September 17, 2001, a Third
Supplemental Indenture dated as of March 8, 2002 and a Fourth Supplemental Indenture dated as of July 31, 2003 (as amended and supplemented, the “Indenture”); 
  
 WHEREAS, there is outstanding under the terms of the Indenture one or more series of Notes (the
“Securities”); 
  
 WHEREAS, FBFC and the
Corporation have entered into an Agreement and Plan of Merger (the “Merger Agreement”), dated as of October 27, 2003, pursuant to which FBFC will merge with and into the Corporation (the “Merger”), with the Corporation as the
surviving corporation in the Merger; 
  
 WHEREAS, the
Merger is expected to be consummated on April 1, 2004; 
  
 WHEREAS, Section 10.01 of the Indenture provides that in the case of a merger, the surviving corporation shall expressly assume by supplemental indenture all the obligations, covenants and conditions under the Securities and the
Indenture to be kept or performed by FBFC; 
  
 WHEREAS,
Section 9.01(a) of the Indenture provides that FBFC and the Trustee may amend the Indenture without notice to or consent of any holders of the Securities to evidence the succession of another corporation to FBFC by merger and the assumption by the
successor corporation of the obligations, covenants and agreements of FBFC under the Indenture; 
  
 WHEREAS, Section 9.01(d) of the Indenture provides that FBFC and the Trustee may amend the Indenture without notice to or consent of the holders of
the Securities in order to supplement any provision contained in the Indenture; and 
  
 WHEREAS, this Fifth Supplemental Indenture has been duly authorized by all necessary corporate action on the part of each of FBFC and the Corporation. 
  

 NOW, THEREFORE, in consideration of the premises, FBFC, the Corporation and the Trustee agree as
follows for the equal and ratable benefit of the holders of the Securities: 
  
 ARTICLE I 
 ASSUMPTION BY SUCCESSOR CORPORATION 
 AND SUPPLEMENTAL PROVISIONS 
  
 SECTION 1.1 Assumption of the Securities. 
  
 (a) The Corporation hereby represents and warrants that 
  
 (i) it is a corporation organized and existing under the laws of the State of Delaware and the surviving corporation in the Merger; and

  
 (ii) the execution, delivery and performance
of this Fifth Supplemental Indenture has been duly authorized by the Board of Directors of the Corporation. 
  
 (b) The Corporation hereby expressly assumes the due and punctual payment of the principal of (and premium, if any) and any interest on all of the
Securities of all series in accordance with the terms of each series, according to their tenor and the due and punctual performance and observance of all the covenants and conditions of the Indenture with respect to each series or established with
respect to such series to be kept or performed by FBFC.  
  
 SECTION 1.2 The Company. Effective April 1, 2004, the name of the Company, as the successor corporation under the Indenture, shall be “Bank of America Corporation.” 
  
 SECTION 1.3 Supplemental Provisions. In connection with the issuance
of Securities under this Indenture: 
  
 (a) Definitions in the
present Section 1.01 are hereby amended as follows: 
  
 (i) The present definition of “Board Resolution” is hereby deleted and replaced with the following: 
  
 “‘Board Resolution’ means a resolution certified by the Secretary or an Assistant Secretary of the Company to have been
adopted by the Board of Directors or a committee acting under the authority of, or appointment by, the Board of Directors and to be in full force and effect on the date of such certification.” 
  
 (ii) The present definitions of “Company Request”
and “Company Order” are hereby deleted and replaced with the following: 
  
 “‘Company Request’ and ‘Company Order’ mean, respectively, a written request or order signed in the name of the
Company by its 

  

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Chairman of the Board, Chief Executive Officer, President, Chief Financial Officer, Vice President, General Counsel, Deputy or Associate General Counsel or
Treasurer and delivered to the Trustee.” 
  
 (iii) The present definition of “Officers’ Certificate” is hereby deleted and replaced with the following: 
  
 “‘Officers’ Certificate’ means a certificate signed by the Chairman of the Board, the Chief Executive Officer,
President, Chief Financial Officer, Vice President, General Counsel, Deputy or Associate General Counsel or Treasurer of the Company and delivered to the Trustee. Each such certificate shall include statements provided for in Section 13.06 if and to
the extent required by the provisions of that Section.” 
  
 (b) Section 2.03(n) is hereby amended by deleting present Section 2.03(n) and replacing it with the following: 
  
 “(n) any other terms of the Securities or provisions relating to the payment of principal, premium (if any) or interest thereon,
including, but not limited to, whether such Securities are issuable at a discount or premium, as amortizable Securities, and if payable in, convertible or exchangeable for commodities or for securities of the Company or any third party.”

  
 SECTION 1.4 Trustee’s Determination and
Acceptance. The Trustee has determined that this Fifth Supplemental Indenture is satisfactory in form and hereby accepts this Fifth Supplemental Indenture and agrees to perform the same under the terms and conditions set forth in the Indenture.

  
 ARTICLE II 
 MISCELLANEOUS 
  
 SECTION 2.1 Effect of Supplemental Indenture. Upon the later to occur of (i) the execution and delivery of this Fifth Supplemental Indenture by the
Corporation, FBFC and the Trustee and (ii) the effective time of the Merger, the Indenture shall be supplemented in accordance herewith, and this Fifth Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of
Securities heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. 
  
 SECTION 2.2 Indenture Remains in Full Force and Effect. Except as supplemented hereby, all provisions in the Indenture shall remain in full force
and effect. 
  
 SECTION 2.3 Indenture and Supplemental
Indentures Construed Together. This Fifth Supplemental Indenture is an indenture supplemental to and in implementation of the Indenture, and the Indenture and this Fifth Supplemental Indenture shall henceforth be read and construed together.

  

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 SECTION 2.4 Confirmation and Preservation of Indenture. The Indenture as supplemented by this
Fifth Supplemental Indenture is in all respects confirmed and preserved. 
  
 SECTION 2.5 Conflict with Trust Indenture Act. If any provision of this Fifth Supplemental Indenture limits, qualifies or conflicts with any provision of the Trust Indenture Act (the “TIA”) that is
required under the TIA to be part of and govern any provision of this Fifth Supplemental Indenture, the provision of the TIA shall control. If any provision of this Fifth Supplemental Indenture modifies or excludes any provision of the TIA that may
be so modified or excluded, the provision of the TIA shall be deemed to apply to the Indenture as so modified or to be excluded by this Fifth Supplemental Indenture, as the case may be. 
  
 SECTION 2.6 Severability. In case any provision in this Fifth Supplemental Indenture shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  
 SECTION 2.7 Terms Defined in the Indenture. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the
Indenture. 
  
 SECTION 2.8 Addresses for Notice, etc., to the
Corporation and Trustee. Any notice or demand which by any provisions of this Fifth Supplemental Indenture or the Indenture is required or permitted to be given or served by the Trustee or by the holders of Securities to or on the Corporation
may be given or served by postage prepaid first class mail addressed (until another address is filed by the Corporation with the Trustee) as follows: 
  
 Bank of America Corporation 
 Corporate
Treasury Division, NC1-007-07-06 
 100 North Tryon Street 
 Charlotte, North Carolina 28255-0001 
 Attention: Karen A. Gosnell, Senior Vice President 
  
 With a copy to: 
 Bank of America Corporation 
 Legal
Department, NC1-002-29-01 
 101 South Tryon Street 
 Charlotte, North Carolina 28255-0065 
 Attention: Teresa M. Brenner, Associate General Counsel 
  

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 Any notice, direction, request or demand by any holder of Securities to or upon the Trustee shall be deemed to have been
sufficiently given or made, for all purposes, if given or made in writing at the principal office of the Trustee, which shall be as follows: 
  
 The Bank of New York 
 Corporate Trust
Department 
 101 Barclay Street 
 Floor 8 West 
 New York, New York 10286 
 Attention: Kisha Holder, Assistant Vice President. 
  
 SECTION 2.8 Headings. The Article and Section headings of this Fifth Supplemental Indenture have been inserted for convenience of reference only, are not to be considered part of this Fifth Supplemental
Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 
  
 SECTION 2.9 Benefits of Fifth Supplemental Indenture, etc. Nothing in this Fifth Supplemental Indenture or the Securities, express or implied, shall give to any Person, other than the parties hereto and thereto
and their successors hereunder and thereunder and the holders of the Securities, any benefit of any legal or equitable right, remedy or claim under the Indenture, this Fifth Supplemental Indenture or the Securities. 
  
 SECTION 2.10 Certain Duties and Responsibilities of the Trustees. In
entering into this Fifth Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere
herein so provided. The Trustee makes no representations as to the validity or sufficiency of this Fifth Supplemental Indenture. The recitals and statements in this Fifth Supplemental Indenture are deemed to be those of the Corporation and FBFC and
not of the Trustee. 
  
 SECTION 2.11 Counterparts. The
parties may sign any number of copies of this Fifth Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
  
 SECTION 2.12 Governing Law. This Fifth Supplemental Indenture shall be governed by, and construed in accordance with,
the laws of the State of New York but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another jurisdiction would be required thereby. 
  
 [Signature Page Follows] 
  

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 IN WITNESS WHEREOF, the parties have caused this Fifth Supplemental Indenture to be duly executed
as of the date first written above. 
  

			
	THE CORPORATION:
	
	Bank of America Corporation
		
	By:	 	/s/ KAREN A. GOSNELL
	Name:	 	Karen A. Gosnell
	Title:	 	Senior Vice President

  

			
	FBFC:
	
	FleetBoston Financial Corporation
		
	By:	 	/S/ JANICE B. LIVA
	Name:	 	Janice B. Live
	Title:	 	Assistant Secretary

  

			
	THE TRUSTEE:
	
	The Bank of New York
		
	By:	 	/s/ KISHA A. HOLDER
	Name:	 	Kisha A. Holder
	Title:	 	Assistant Vice President

  

 6Bank of America Pension Restoration Plan

 Exhibit 10(c) 
  
 BANK OF AMERICA PENSION RESTORATION PLAN 
  
 (as amended and restated effective January 1, 2005) 
  

  
 BANK OF AMERICA PENSION
RESTORATION PLAN 
 Table of Contents 
  

					
			
	 	  	 	  	Page

		
	 ARTICLE I DEFINITIONS
	  	1
			
	 Section 1.1
	  	 Definitions
	  	1
		
	 ARTICLE II PLAN ADMINISTRATION
	  	6
			
	 Section 2.1
	  	 Committee
	  	6
		
	 ARTICLE III PENSION RESTORATION BENEFITS
	  	6
			
	 Section 3.1
	  	 Eligibility for Benefits
	  	6
			
	 Section 3.2
	  	 Restoration Accounts
	  	7
			
	 Section 3.3
	  	 Account Adjustments
	  	8
			
	 Section 3.4
	  	 Time and Method of Benefit Payments
	  	9
			
	 Section 3.5
	  	 Minimum and Special Benefits
	  	14
			
	 Section 3.6
	  	 Participants Without Restoration Accounts
	  	14
			
	 Section 3.7
	  	 Coordination with SERP Payments
	  	15
			
	 Section 3.8
	  	 Special Provisions Related to Completion Incentives
	  	15
		
	 ARTICLE IV AMENDMENT AND TERMINATION
	  	16
			
	 Section 4.1
	  	 Amendment and Termination
	  	16
			
	 Section 4.2
	  	 Change of Control
	  	16
		
	 ARTICLE V MISCELLANEOUS PROVISIONS
	  	17
			
	 Section 5.1
	  	 Nature of Plan and Rights
	  	17
			
	 Section 5.2
	  	 Termination of Employment
	  	17
			
	 Section 5.3
	  	 Spendthrift Provision
	  	17
			
	 Section 5.4
	  	 Employment Noncontractual
	  	17

  

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	 Section 5.5
	  	 Adoption by Other Participating Employers
	  	17
			
	 Section 5.6
	  	 Applicable Law
	  	18
			
	 Section 5.7
	  	 Merged Plans
	  	18
			
	 Section 5.8
	  	 Status Under the Act
	  	18
			
	 Section 5.9
	  	 Compliance with Code Section 409A
	  	18
			
	 Section 5.10
	  	 Claims Procedure
	  	19
			
	 Section 5.11
	  	 Limited Effect of Restatement
	  	19
			
	 Section 5.12
	  	 Binding Effect
	  	19

  

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 BANK OF AMERICA PENSION
RESTORATION PLAN 
  
 (as amended and restated effective January 1,
2005) 
  
 THIS INSTRUMENT OF AMENDMENT AND RESTATEMENT is executed
by BANK OF AMERICA CORPORATION, a Delaware corporation (the “Corporation”); 
  
 Statement of Purpose 
  
 The Corporation and certain of its affiliates (collectively with the Corporation, the “Participating Employers”) sponsor the Bank of America Pension Restoration Plan (the “Restoration Plan”). The purpose of the
Restoration Plan is to provide benefits which would have accrued to participants in The Bank of America Pension Plan (the “Pension Plan”) but for certain benefit limitations imposed by the Internal Revenue Code. 
  
 As approved during June 2004, the Participating Employers are amending and
restating the Restoration Plan effective January 1, 2005 as set forth herein to (i) make certain design changes to the Restoration Plan as part of a broader re-design of benefit plans in connection with the Corporation’s merger with FleetBoston
Financial Corporation and (ii) otherwise meet current needs. The Participating Employers have reserved the right to amend the Plan at any time and have delegated to the Corporation the right to amend the Plan on behalf of all Participating
Employers. 
  
 NOW, THEREFORE, for the purposes aforesaid, the
Corporation, on behalf of the Participating Employers, hereby amends and restates the Restoration Plan effective January 1, 2005 to consist of the following Articles I through V: 
  
 ARTICLE I 
 DEFINITIONS 
  
 Section 1.1 Definitions. Unless
the context clearly indicates otherwise, when used in the Restoration Plan: 
  
 Amendment or Termination Date means the date on which an amendment to or termination of the Restoration Plan is adopted by the Corporation or, if later, the effective date of such amendment or termination.

  
 Applicable Minimum Benefits Provisions
means: 
  
 (A) for the period from July 1, 1998
through June 30, 2000, Section 6.4(b) of the Pension Plan; and 
  
 (B) for periods from and after July 1, 2000, (i) if Pension Plan benefits are payable in a single cash payment, Section 6.5(b)(1) of the 

  

 
Pension Plan, and (ii) if Pension Plan benefits are payable in an annuity method, Section 6.5(b)(2) of the Pension Plan. 
  
 Beneficiary means the “Beneficiary” of a
Participant under the Pension Plan. 
  
 Change
of Control means, and shall be deemed to have occurred upon, any of the following events: 
  
 (A) The acquisition by any person, individual, entity or “group” (within the meaning of Section 13(d)(3) or 14(d)(2) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (collectively, a “Person”) of Beneficial Ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of twenty-five percent (25%) or more of
either: 
  
 (i) The then-outstanding shares of
common stock of the Corporation (the “Outstanding Shares”); or 
  
 (ii) The combined voting power of the then-outstanding voting securities of the Corporation entitled to vote generally in the election of directors of the Corporation (the “Outstanding Voting Securities”);

  
 provided, however, that the following
acquisitions shall not constitute a Change of Control for purposes of this subparagraph (A): (a) any acquisition directly from the Corporation, (b) any acquisition by the Corporation or any of its subsidiaries, (c) any acquisition by any employee
benefit plan (or related trust) sponsored or maintained by the Corporation or any of its subsidiaries, or (d) any acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of subparagraph (C) below; or

  
 (B) Individuals who, as of September 30,
1998, constitute the Board of Directors of the Corporation (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors of the Corporation; provided, however, that any individual
who becomes a director subsequent to September 30, 1998 and whose election, or whose nomination for election by the Corporation’s shareholders, to the Board of Directors of the Corporation was either (i) approved by a vote of at least a
majority of the directors then comprising the Incumbent Board or (ii) recommended by a nominating committee comprised entirely of directors who are then Incumbent Board members shall be considered as though such individual were a member of the
Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs 

  

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as a result of either an actual or threatened election contest, other actual or threatened solicitation of proxies or consents or an actual or threatened
tender offer; or 
  
 (C) Approval by the
Corporation’s shareholders of a reorganization, merger, or consolidation or sale or other disposition of all or substantially all of the assets of the Corporation (a “Business Combination”), in each case, unless following such
Business Combination, (i) all or substantially all of the Persons who were the Beneficial Owners (within the meaning of Rule 13d-3 promulgated under the Exchange Act), respectively, of the Outstanding Shares and Outstanding Voting Securities
immediately prior to such Business Combination own, directly or indirectly, more than fifty percent (50%) of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled
to vote generally in the election of directors, as the case may be, of the corporation resulting from the Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Corporation or all or
substantially all of the Corporation’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination, of the Outstanding Shares and
Outstanding Voting Securities, as the case may be (provided, however, that for purposes of this clause (i), any shares of common stock or voting securities of such resulting corporation received by such Beneficial Owners in such Business Combination
other than as the result of such Beneficial Owners’ ownership of Outstanding Shares or Outstanding Voting Securities immediately prior to such Business Combination shall not be considered to be owned by such Beneficial Owners for the purposes
of calculating their percentage of ownership of the outstanding common stock and voting power of the resulting corporation), (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related
trust) of the Corporation or such corporation resulting from the Business Combination) beneficially owns, directly or indirectly, twenty-five percent (25%) or more of, respectively, the then outstanding shares of common stock of the corporation
resulting from the Business Combination or the combined voting power of the then outstanding voting securities of such corporation unless such Person owned twenty-five percent (25%) or more of, respectively, the Outstanding Shares or Outstanding
Voting Securities immediately prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or the action of the Board of Directors of the Corporation, providing for such Business Combination; or 
  

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 (D) Approval by the Corporation’s shareholders of a complete liquidation or
dissolution of the Corporation. 
  
 Notwithstanding the
foregoing, a Change of Control shall not be deemed to have occurred for purposes of this Plan as a result of the transactions contemplated by that certain Agreement and Plan of Reorganization between the Corporation and BankAmerica Corporation dated
April 10, 1998. 
  
 Code means the
Internal Revenue Code of 1986. References to the Code shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder. 
  
 Code Limitations means any one or more of the
limitations and restrictions that Sections 401(a)(17) and 415 of the Code place on the accrual of benefits under the Pension Plan. 
  
 Committee means the committee designated pursuant to Section 2.1 of the Restoration Plan. 
  
 Completion Incentive means an incentive award payable
to a Participant upon completion of an assignment outside the United States, which incentive award relates to one or more Plan Years, all pursuant to an incentive arrangement approved for purposes of this Plan by the Committee. 
  
 Conversion Date means July 1, 1998. 
  
 Corporation is defined in the introduction as Bank of
America Corporation, a Delaware corporation, and any successor thereto. Prior to September 30, 1998, the Corporation was named “NationsBank Corporation,” and from September 30, 1998 through April 28, 1999 the Corporation was named
“BankAmerica Corporation.” 
  
 EIP means the Bank of America Corporation Equity Incentive Plan, as in effect from time to time. 
  
 Lump Sum Benefit of a Participant means the Participant’s Restoration Plan benefits expressed as a single lump sum amount. If
a Participant’s Restoration Plan benefits are not determined under Section 3.5, then the Participant’s Lump Sum Benefit shall equal the amount credited to the Participant’s Restoration Account from time to time. However, if a
Participant’s Restoration Plan benefits are determined under Section 3.5, then the Participant’s Lump Sum Benefit shall equal the Actuarial Equivalent lump sum value of the Participant’s Restoration Plan benefits determined under
Section 3.5. 
  

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 Participant means a “Participant” as defined in the Pension Plan.

  
 Participating Employer means each
“Participating Employer” under (and as defined in) the Pension Plan which have adopted the Restoration Plan. In addition, the Personnel Group, in its sole and exclusive discretion, may designate certain other entities as
“Participating Employers” under the Restoration Plan for such purposes as the Personnel Group may determine from time to time. 
  
 Pension Plan is defined in the Statement of Purpose as The Bank of America Pension Plan, as in effect from time to time. From July
1, 1998 through July 1, 2000 the Pension Plan was named “The NationsBank Cash Balance Plan”, and prior to July 1, 1998 the Pension Plan was named “The NationsBank Pension Plan.” 
  
 Personnel Group means the Personnel Group of the
Corporation. 
  
 Plan Year means the
twelve-month period commencing January 1 and ending the following December 31. 
  
 Restoration Account means the bookkeeping account established and maintained on the books and records of the Restoration Plan for a
Participant pursuant to Article III. 
  
 Restoration Credit means the amount credited to a Participant’s Restoration Account as of the end of a pay period pursuant to Section 3.2(c). 
  
 Restoration Plan is defined in the Statement of Purpose as this plan: the Bank of America Pension
Restoration Plan as in effect from time to time. From July 1, 1998 through June 30, 2000, the Restoration Plan was named “The NationsBank Cash Balance Restoration Plan”, and prior to July 1, 1998 the Restoration Plan was named the
“NationsBank Corporation and Designated Subsidiaries Supplemental Retirement Plan”. 
  
 Retirement or Retire means: 
  
 (A) Prior to November 16, 2001, termination of employment with the Participating Employers after having attained at least age fifty-five
(55); and 
  
 (B) From and after November 16,
2001, termination of employment with the Participating Employers upon the earlier of (i) having attained at least age fifty-five (55) or (ii) qualifying for “Retirement” as defined from time to time under The Bank of America 401(k) Plan.

  

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 SERP means either the Bank of America Supplemental Executive Retirement Plan
(sometimes more commonly referred to as “SERP I”) or the Bank of America Supplemental Executive Retirement Plan for Senior Management Employees (sometimes more commonly referred to as “SERP II”). 
  
 SRP means the BankAmerica Supplemental Retirement
Plan, but only to the extent that the SRP restored benefits under the BankAmerica Pension Plan. 
  
 Any capitalized terms used in the Restoration Plan that are defined in the documents comprising the Pension Plan have the meanings assigned to them in the Pension Plan, unless such terms are otherwise defined above in
this Article or unless the context clearly indicates otherwise. 
  
 ARTICLE II 
 PLAN ADMINISTRATION 
  
 Section 2.1 Committee. The Restoration Plan shall be administered by the “Committee” under (and as defined in) the Pension Plan (although
certain provisions of the Restoration Plan shall be administered by the Personnel Group as specified herein). The Committee shall be empowered to interpret the provisions of the Restoration Plan and to perform and exercise all of the duties and
powers granted to it under the terms of the Restoration Plan by action of a majority of its members in office from time to time. The Committee may adopt such rules and regulations for the administration of the Restoration Plan as are consistent with
the terms hereof and shall keep adequate records of its proceedings and acts. All interpretations and decisions made (both as to law and fact) and other action taken by the Committee with respect to the Restoration Plan shall be conclusive and
binding upon all parties having or claiming to have an interest under the Restoration Plan. Not in limitation of the foregoing, the Committee shall have the discretion to decide any factual or interpretative issues that may arise in connection with
its administration of the Restoration Plan (including without limitation any determination as to claims for benefits hereunder), and the Committee’s exercise of such discretion shall be conclusive and binding on all affected parties as long as
it is not arbitrary or capricious. The Committee may delegate any of its duties and powers hereunder to the extent permitted by applicable law. 
  
 ARTICLE III 
 PENSION RESTORATION BENEFITS

  
 Section 3.1 Eligibility for Benefits. Subject to
Section 5.10, any Participant who is paid a benefit under the Pension Plan on or after the Conversion Date shall be eligible to receive benefits under this Restoration Plan. Subject to Sections 3.5 and 3.6 below, the amount of a Participant’s
Restoration Plan benefits shall equal the amount (if any) credited to the Participant’s Restoration Account from time to time, which such benefits shall become payable as provided in Section 3.4 below. 
  

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 Section 3.2 Restoration Accounts. 
  
 (a) General. A Restoration Account shall be established and maintained on the books and records of the Restoration
Plan for each Participant who has an amount credited in accordance with the provisions of this Section 3.2. 
  
 (b) Initial Restoration Account Balance. The Restoration Account established for a Participant shall be credited with an initial balance equal to
the excess (if any) of Amount A over Amount B, where: 
  
 Amount A equals the initial balance that would have been credited to the Participant’s pension account under the Pension Plan as of the Conversion Date if (i) the Code Limitations did not apply to the Pension Plan and (ii) the
Participant’s compensation under the Pension Plan included any amounts which were disregarded because of the Participant’s deferral of such amounts pursuant to an election under the Bank of America 401(k) Restoration Plan or any other
nonqualified deferred compensation plan designated by the Personnel Group; and 
  
 Amount B equals the initial balance actually credited to the Participant’s pension account under the Pension Plan as of the Conversion Date. 
  
 (c) Restoration Credits. 
  
 At the end of each pay period, the Restoration Account of each Participant shall be credited with a Restoration Credit the amount of which
shall be equal to the excess (if any) of Amount A over Amount B, where: 
  
 Amount A equals the compensation credit that would have been allocated to the Participant’s pension account under the Pension Plan as of such date if (i) the Code Limitations did not apply to the Pension
Plan, (ii) the Participant’s compensation under the Pension Plan included the amounts, if any, deferred by the Participant under the Bank of America 401(k) Restoration Plan or any other nonqualified deferred compensation plan designated by the
Personnel Group, and (iii) the Participant’s compensation under the Pension Plan included the “Principal Amount” (as defined under the EIP) of any annual incentive awards earned for performance periods beginning on or after January 1,
2002; provided, however, that in no event shall a Participant’s compensation taken into account for purposes of determining this Amount A exceed Two Hundred Fifty Thousand Dollars ($250,000) for any Plan Year beginning on or after
January 1, 2005; and 
  
 Amount B equals the compensation
credit actually allocated to the Participant’s pension account under the Pension Plan as of such date. 
  
 For purposes hereof, the EIP Principal Amount for a Covered Associate who is in Band 0 shall be the amount communicated to the Personnel Group by the Corporation’s Executive Compensation group as the EIP
Principal Amount. 
  

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 (d) Limit on Certain Incentive Compensation. Notwithstanding any provision of the Restoration Plan
to the contrary, for Plan Years ending before January 1, 2005, in no event shall an amount be credited to a Participant’s Restoration Account or otherwise accrued hereunder with respect to any portion of the Participant’s bonuses,
commissions or other incentive compensation payable for a Plan Year (inclusive of the EIP Principal Amount with respect thereto, regardless of the year earned and regardless of whether the cash portion of any such bonus, commission or other
incentive compensation is paid currently to the Participant or deferred pursuant to the Bank of America 401(k) Restoration Plan or any other non-qualified deferred compensation plan) in excess of One Million Dollars ($1,000,000). 
  
 Section 3.3 Account Adjustments. 
  
 (a) Account Adjustments for Deemed Investments. The Committee shall
from time to time designate one or more investment vehicle(s) in which the Restoration Accounts of Participants shall be deemed to be invested. The investment vehicle(s) may be designated by reference to the investments available under other plans
sponsored by a Participating Employer (including the “Investment Measures” under the Pension Plan). Each Participant shall designate the investment vehicle(s) in which his or her Restoration Account shall be deemed to be invested according
to the procedures developed by the Personnel Group, except as otherwise required by the terms of the Restoration Plan. No Participating Employer shall be under an obligation to acquire or invest in any of the deemed investment vehicle(s) under this
subparagraph, and any acquisition of or investment in a deemed investment vehicle by a Participating Employer shall be made in the name of the Participating Employer and shall remain the sole property of the Participating Employer. The Committee
shall also establish from time to time a default fund into which a Participant’s Restoration Account shall be deemed to be invested if the Participant fails to provide investment instructions pursuant to this Section 3.3(a). Effective July 1,
2000, such default fund shall be the Stable Capital Fund. 
  
 (b)
Periodic Account Adjustments. Each Restoration Account shall be adjusted from time to time at such intervals as determined by the Personnel Group. The Personnel Group may determine the frequency of account adjustments by reference to the
frequency of account adjustments under another plan sponsored by a Participating Employer. The amount of the adjustment shall equal the amount that each Participant’s Restoration Account would have earned (or lost) for the period since the last
adjustment had the Restoration Account actually been invested in the Pension Plan in the deemed investment vehicle(s) designated by the Participant for such period pursuant to Section 3.3(a). The Personnel Group may establish any limitations on the
frequency in which Participants may make investment designations under this Section 3.3 as the Personnel Group may determine necessary or appropriate from time to time, including limitations related to frequent trading or marketing timing
activities. 
  
 (c) Account Adjustments in Connection With
Benefit Commencement Date. Notwithstanding any provision of the Restoration Plan to the contrary, the Personnel Group may cause a Participant’s Restoration Account to be adjusted in a manner other than based on the Participant’s
investment election as the Personnel Group may in its discretion determine from time to time in order to calculate the amount of the Participant’s Restoration Plan benefits that become 

  

 8 

 
payable on or after the Participant’s Benefit Commencement Date (including in connection with determining the amount of installment payments as provided
under Section 3.4(e) below). 
  
 Section 3.4 Time and Method of
Benefit Payments. 
  
 (a) Applicable Provisions. The
provisions of this Section 3.4 shall apply to the payment of Restoration Plan benefits for Benefit Commencement Dates from and after July 1, 2000. Exhibit A attached hereto and made a part hereof contains the applicable payment provisions
that apply to the payment of Restoration Plan benefits for Benefit Commencement Dates from July 1, 1998 through June 30, 2000. 
  
 (b) Coordination with Pension Plan Payments. Except as otherwise provided for in this Section 3.4 or in Section 3.6 below, a Participant’s
vested Restoration Plan benefits shall be payable at the same time and in the same form as the Participant’s Pension Plan benefits. If a Participant’s Pension Plan benefits are payable in part as an annuity and in part as a lump sum or
other non-annuity form, then the Participant’s entire Restoration Plan benefits shall be payable as an annuity (in the same annuity form as applicable in part to the Participant’s Pension Plan benefits). Any payment of Restoration Plan
benefits in a form different than the form in which such benefits are otherwise stated shall be determined by the Personnel Group based on the applicable actuarial equivalency factors in effect from time to time under the Pension Plan.
Notwithstanding any provision of the Restoration Plan to the contrary, if the amount of a Participant’s vested Lump Sum Benefit is less than or equal to Fifty Thousand Dollars ($50,000) as of the Participant’s Benefit Commencement Date,
then such vested Restoration Plan benefits shall be payable to the Participant as soon as administratively practicable after the Benefit Commencement Date in a single cash payment (consistent with the provisions of Section 3.4(d)(i) below). In
addition and notwithstanding any provision of the Restoration Plan to the contrary, if a Participant’s Pension Plan benefits are payable pursuant to a non-annuity installment payment method (e.g., as a result of having transferred amounts to
the Pension Plan from the Bank of America 401(k) Plan), then the Participant’s vested Restoration Plan benefits shall be payable in a single cash payment in accordance with the provisions of Section 3.4(d) below. 
  
 (c) Other Payment Methods. Notwithstanding the provisions of Section
3.4(b) to the contrary, if a Participant’s entire Pension Plan benefits are payable in a single cash payment, then the Participant’s vested Restoration Plan benefits shall be payable in a payment method described in this Section 3.4(c) if
elected in accordance with, and subject to, the following terms and provisions (except to the extent that the provisions of Section 3.4(h) may apply): 
  
 (i) Timing of Elections. A Participant who is in active service may make or change a payment option election among any of the
payment options described in subparagraph (ii) below, subject to the provisions of subparagraph (iii) below. The election shall not become effective until the later of: 
  
 (A) the date that is twelve (12) months (or such lesser period as the Personnel Group may determine in its
discretion consistent with 

  

 9 

 
the Corporation’s intent that benefits be subject to taxation as and when actually received by the Participant) after the date that the election is made
if the Participant remains in active service throughout that period (as determined by the Personnel Group in its discretion); or 
  
 (B) the date the Participant becomes eligible for Retirement. 
  
 (ii) Payment Methods. The payment options from which a Participant may elect are as follows: (A)
single cash payment, (B) five (5) annual installments or (C) ten (10) annual installments, as such methods are more fully described below. 
  
 (iii) Form of Elections. Any election made under this Section 3.4(c) shall be made on such form, at such time and pursuant to such
procedures as determined by the Personnel Group in its sole discretion from time to time. A Participant may not have more than two (2) payment elections pending under this Section 3.4(c) at any one time. 
  
 (iv) Failure to Elect. For a Participant who does not
yet have an election in effect under this Section 3.4(c) or for a Participant who fails to elect a payment option under this Section 3.4(c) (and assuming the Participant’s entire Pension Plan benefits are otherwise payable in a single cash
payment), the method of payment shall be the single cash payment. 
  
 (d) Single Cash Payments. The following provisions shall apply with respect to single cash payments under the Restoration Plan for a Participant whose entire Pension Plan benefits are payable in a single cash payment: 
  
 (i) Pre-Retirement or Lump Sum Benefit Under $50,000.
If a Participant terminates employment with the Participating Employers either (A) before eligibility for Retirement or (B) with a vested Lump Sum Benefit (determined as of the Participant’s Benefit Commencement Date) that is Fifty Thousand
Dollars ($50,000) or less (even if the Participant has elected and is otherwise eligible for installment payments), then the Participant’s vested Lump Sum Benefit shall be determined as of the Participant’s Benefit Commencement Date, and
such final vested Lump Sum Benefit shall be paid in a single cash payment to the Participant (or to the Participant’s Beneficiary in the case of the Participant’s death) as soon as administratively practicable after the Benefit
Commencement Date. 
  
 (ii) Retirement and
Lump Sum Benefit Over $50,000. If a Participant Retires with a vested Lump Sum Benefit (determined as of the Participant’s Benefit Commencement Date) exceeding Fifty Thousand Dollars ($50,000) and with a single cash payment election in
effect under Section 3.4(c), then such 

  

 10 

 
Participant’s vested Lump Sum Benefit shall be paid in a single cash payment to the Participant (or to the Participant’s Beneficiary in the case of
the Participant’s death) either (A) within ninety (90) days following the end of the Plan Year in which the Retirement occurs if the Benefit Commencement Date is in the same Plan Year or (B) as soon as administratively practicable after the
Benefit Commencement Date if the Benefit Commencement Date is in any subsequent Plan Year. In the case of payment in accordance with clause (A), the Personnel Group shall in its discretion establish procedures from time to time to cause the amount
of such Lump Sum Benefit to be adjusted for the period between the Benefit Commencement Date and the applicable payment date. 
  
 (e) Annual Installments. If a Participant (whose entire Pension Plan benefits are payable in a single cash payment) Retires with a vested Lump Sum
Benefit (determined as of the Participant’s Benefit Commencement Date) exceeding Fifty Thousand Dollars ($50,000) and with an installment payment election in effect under Section 3.4(c), then the amount of the annual installments shall be
calculated and paid pursuant to the following provisions: 
  
 (i) Timing of Payments. If the Participant’s Benefit Commencement Date occurs in the same Plan Year as the Participant’s Retirement, then the first installment shall be paid within ninety (90) days
following the end of the Plan Year in which the Participant’s Benefit Commencement Date occurs, and each subsequent installment shall be paid within ninety (90) days following the end of each subsequent Plan Year during the selected payment
period. If, however, the Participant’s Benefit Commencement Date occurs in a Plan Year after the Plan Year in which the Participant’s Retirement occurs, then the first installment shall be paid as soon as administratively practicable after
the Benefit Commencement Date, the second installment shall be paid within ninety (90) days following the end of the Plan Year in which the Participant’s Benefit Commencement Date occurs, and each subsequent installment shall be paid within
ninety (90) days following the end of each subsequent Plan Year during the selected payment period. 
  
 (ii) Special Adjustment to Restoration Account. If a Participant’s Lump Sum Benefit to be payable as annual installments is
determined under the provisions of Section 3.5 (rather than based on the amount credited to the Participant’s Restoration Account), then in order to administer the payment of annual installments of such Lump Sum Benefit the Participant’s
Restoration Account shall be adjusted (either up or down, as applicable) as of the Benefit Commencement Date to equal the amount of such Lump Sum Benefit. 
  
 (iii) Amount of Installments. The amount payable for each installment shall equal the Restoration Account balance as of either:

  
 (A) the Benefit Commencement Date (in the
case of the first installment payment made for a Benefit Commencement Date that occurs 

  

 11 

 
in a Plan Year after the Plan Year in which the Participant’s Retirement occurs), or 
  
 (B) the end of the applicable Plan Year (in the case of any other installment payment made within ninety
(90) days following the end of a Plan Year) 
  
 divided by the
number of remaining installments (including the installment then payable). 
  
 (iv) Investment of Account During Payment Period. The Participant’s Restoration Account, to the extent vested, shall continue to be credited with adjustments under Section 3.3 during the installment
payment period as follows: 
  
 (A) if the
Participant has elected to receive payment through five (5) annual installments, then the Participant shall be permitted to continue to direct the investment of the Participant’s unpaid Restoration Account balance in accordance with Section 3.3
during the payment period (i.e., from the Participant’s Benefit Commencement Date through the last day of the Plan Year preceding the last installment payment); and 
  
 (B) if the Participant has elected to receive payment through ten (10) annual installments, then the
Participant’s unpaid Restoration Account balance shall be deemed invested in the Stable Capital Fund during the payment period (i.e., from the Participant’s Benefit Commencement Date through the last day of the Plan Year preceding the last
installment payment). 
  
 (v) Death of
Participant. If a Participant covered by this Section 3.4(e) dies, then the annual installments (or remaining annual installments in the case of death after commencement of payment) shall be paid to the Participant’s Beneficiary as and when
such installments would have otherwise been paid to the Participant had the Participant not died. 
  
 (f) Vesting of Restoration Accounts. Notwithstanding any provision of the Restoration Plan to the contrary, a Participant’s Restoration Plan
benefits shall be vested if, and to the same extent, that the Participant’s Pension Plan benefits are vested. If, and to the extent that, a Participant’s Restoration Plan benefits are not vested on the date that the Participant terminates
employment with the Participating Employers, such benefits shall be forfeited as of such date. However, if a Participant whose Restoration Plan benefits are forfeited subsequently returns to service with any Participating Employer, any such
forfeitures shall be restored (adjusted for earnings on the same basis as restored forfeitures under the Pension Plan) as soon as administratively practicable after the date of such return to service (such restored benefits shall remain subject to
the vesting requirements of this Section 3.4(f)). 
  

 12 

 (g) Other Payment Provisions. A Participant shall not be paid any portion of the
Participant’s Restoration Account prior to the Participant’s termination of employment with the Participating Employers. Any Restoration Plan benefit or payment hereunder shall be subject to applicable payroll and withholding taxes. In the
event any amount becomes payable under the provisions of the Restoration Plan to a Participant, Beneficiary or other person who is a minor or an incompetent, whether or not declared incompetent by a court, such amount may be paid directly to the
minor or incompetent person or to such person’s fiduciary (or attorney-in-fact in the case of an incompetent) as the Personnel Group, in its sole discretion, may decide, and the Personnel Group shall not be liable to any person for any such
decision or any payment pursuant thereto. 
  
 (h) Former SRP
Participants. Notwithstanding any other provisions in this Restoration Plan to the contrary, the following provisions shall apply to a Participant who was participating in the SRP as of June 30, 2000: 
  
 (i) SRP Installment Elections. If (A) the Participant
has in effect as of June 30, 2000 an installment payment election (but not including an annuity payment election based on the Participant’s life or the joint life of the Participant and his or her Beneficiary) under the SRP (an “SRP
Installment Election”) and (B) the Participant’s entire Pension Plan benefits are payable in a single cash payment, then the Participant’s vested Restoration Plan benefits shall be payable in the number of installments provided by
such SRP Installment Election (even if the Participant is not eligible for Retirement) unless either (X) the Participant changes such election in accordance with the provisions of Section 3.4(c)(i) above or this Section 3.4(h) or (Y) the
Participant’s vested Lump Sum Benefit is Fifty Thousand Dollars ($50,000) or less as of the Participant’s Benefit Commencement Date (in which case payment of such Lump Sum Benefit shall be in the form of a single cash payment in accordance
with the provisions of Section 3.4(d)(i) above). 
  
 (ii) Timing and Amount of Installment Payments. Notwithstanding any provision of the SRP Installment Election to the contrary, the timing of the installment payments and the method for determining the amount of each installment
payment shall be determined in accordance with the provisions of Section 3.4(e)(i), (ii) and (iii) above. 
  
 (iii) Investments During Installment Payment Period. Notwithstanding any provision of the SRP Installment Election to the contrary,
if the SRP Installment Election had a payment period of five (5) years or less, then the Restoration Account may continue to be invested during the payment period in accordance with the Participant’s investment election as provided in Section
3.3 (consistent with the provisions of Section 3.4(e)(iv) applicable to five (5) annual installments). However, if the SRP Installment Election had a payment period in excess of five (5) years, then the Restoration Account shall be deemed invested
in 

  

 13 

 
the Stable Capital Fund during the payment period (consistent with the provisions of Section 3.4(e)(iv) applicable to ten (10) annual installments).

  
 (iv) Special Right to Change Election.
If a Participant to which this Section 3.4(h) applies is not eligible for Retirement, then (A) the Participant may at any time elect to change the method of payment to a single cash payment (in accordance with Section 3.4(d) above) and (B) the
Participant may elect on or before August 31, 2000 to change the method of payment to either five (5) or ten (10) year annual installments. In either case, such election shall not become effective until the date that is twelve (12) months (or such
lesser period as the Personnel Group may determine in its discretion consistent with the Corporation’s intent that benefits be subject to taxation as and when actually received by the Participant) after the date that the election is made if the
Participant remains in active service throughout that period (as determined by the Personnel Group in its discretion). 
  
 Section 3.5 Minimum and Special Benefits. Notwithstanding any provision of the Restoration Plan to the contrary, if the Actuarial Equivalent single
sum value of Amount A described below as of a Participant’s Benefit Commencement Date exceeds the sum of the Participant’s Restoration Account and Pension Plan Accounts as of such date, then the Participant’s Restoration Plan
benefits shall equal the excess (if any) of Amount A over Amount B, where: 
  
 Amount A equals the Pension Plan benefits determined in accordance with the Applicable Minimum Benefits Provisions of the Pension Plan if (i) the Code Limitations did not apply to the Pension Plan, (ii) the
Participant’s compensation under the Pension Plan included any amounts which were disregarded because of the Participant’s deferral of such amounts pursuant to an election under the Bank of America 401(k) Restoration Plan or any other
nonqualified deferred compensation plan designated by the Personnel Group and (iii) the Participant’s compensation under the Pension Plan included the EIP Principal Amount of any annual incentive awards earned for performance periods beginning
on or after January 1, 2002; provided, however, that in no event shall a Participant’s compensation taken into account for purposes of determining this Amount A exceed Two Hundred Fifty Thousand Dollars ($250,000) for any Plan
Year beginning on or after January 1, 2005; and 
  
 Amount
B equals the Participant’s actual Pension Plan benefits. 
  
 Restoration
Plan benefits determined in accordance with the provisions of this Section 3.5 are subject to the limitation on certain incentive compensation set forth in Section 3.2(d) and shall be payable in accordance with the provisions of Section 3.4.

  
 Section 3.6 Participants Without Restoration Accounts.
Notwithstanding any provision of the Restoration Plan to the contrary, if a Participant does not have a Restoration 

  

 14 

 
Account (for example, because the Participant commenced benefit payments under the Restoration Plan prior to conversion of the Pension Plan to a cash balance
plan, because the Participant was in a “deferred vested” status prior to such date, or because the Participant was in pay status or was a deferred vested participant under a prior plan that was merged into the Restoration Plan as described
in Section 5.7 below), the Participant’s Restoration Plan benefits shall be determined and paid in accordance with the provisions of the Restoration Plan as in effect prior to July 1, 1998 (or the provisions of any prior plan, if applicable);
provided, however, that the Personnel Group may in its discretion (i) determine to pay out in a single cash payment any such benefits that as of a given determination date have an Actuarial Equivalent single sum value less than or
equal to Fifty Thousand Dollars ($50,000), or (ii) otherwise modify the date(s) and/or form(s) of payment so long as the effect of any such modification does not further defer the date of payment(s). 
  
 Section 3.7 Coordination with SERP Payments. In the event that a
Covered Associate is eligible to receive SERP benefits, the Personnel Group may make such changes as it deems necessary or advisable to the payment and benefit calculation procedures described in this Article III in order to have the Covered
Associate’s vested Restoration Plan benefits paid at the same time(s) and in the same form as the Covered Associate’s SERP benefits, so long as any such change does not otherwise reduce the Actuarial Equivalent amount of the Covered
Associate’s vested Restoration Plan benefits. 
  
 Section 3.8
Special Provisions Related to Completion Incentives. For a Participant who receives a Completion Incentive in a Plan Year which relates to one or more prior Plan Years, the following provisions shall apply: 
  
 (i) The Personnel Group, upon consultation with the
appropriate business unit, shall allocate the Completion Incentive among the applicable Plan Years for which it was deemed earned. 
  
 (ii) The Participant shall receive Restoration Credits with respect to the Completion Incentive based on the Participant’s rate of
Compensation Credits under the Pension Plan at the time the Completion Incentive is paid. However, for that purpose, (A) for Plan Years beginning on or after January 1, 2005, the Two Hundred Fifty Thousand Dollar ($250,000) limit on compensation set
forth in Amount A under Section 3.2(c) above and (B) for Plan Years ending before January 1, 2005, the One Million Dollar ($1,000,000) limit on incentive compensation set forth in Section 3.2(d) above shall be applied separately with respect to each
prior Plan Year for which the Completion Incentive was deemed earned taking into account the portion of the Completion Incentive allocated to each such prior Plan Year under subparagraph (i) above. 
  
 (iii) The Restoration Credits attributable to the Completion
Incentive shall be credited in an administratively reasonable time following notification to the Personnel Group of the Completion Incentive having been paid. 
  

 15 

  
 ARTICLE IV 
 AMENDMENT AND TERMINATION 
  
 Section 4.1 Amendment and Termination. The Corporation shall have the right and power at any time and from time to time to amend the Restoration
Plan in whole or in part, on behalf of all Participating Employers, and at any time to terminate the Restoration Plan or any Participating Employer’s participation hereunder; provided, however, that no such amendment or
termination shall reduce the amount of a Participant’s Restoration Plan benefits on the date of such amendment or termination, or further defer the due dates for the payment of such benefits, without the consent of the affected person. In
connection with any termination of the Restoration Plan, the Corporation shall have the authority to cause the Restoration Plan benefits of all current and former Participants (and Beneficiary of any deceased Participants) to be paid in a single sum
payment as of a date determined by the Corporation or to otherwise accelerate the payment of all Restoration Plan benefits in such manner as the Corporation shall determine in its discretion. 
  
 Section 4.2 Change of Control. 
  
 (a) General. Notwithstanding any provisions of the Restoration Plan to
the contrary, on and after the date of a Change of Control (i) the provisions of the Restoration Plan may not be terminated, amended or modified if the Amendment or Termination Date is prior to the date immediately following the date of the Change
of Control and (ii) with respect to any amendment to the Restoration Plan otherwise permissible under clause (i), the provisions of the Restoration Plan may not be terminated, amended or modified to reduce, eliminate or otherwise adversely affect in
any manner the total amount of benefits that would have been payable to a Participant, or the method and timing by which such benefits would have been payable to the Participant, from time to time under the Restoration Plan, assuming for this
purpose that the Participant had separated from service (as such term is defined in the Pension Plan) on the date immediately preceding the Amendment or Termination Date of any such amendment or termination; provided, however, the
Corporation may terminate, amend or modify the Restoration Plan at any time prior to the date of a Change of Control in accordance with, and subject to, the provisions of Section 4.1. 
  
 (b) Certain Benefits Disregarded. In determining after a Change of Control the total amount of benefits payable under
the Restoration Plan to or with respect to a Participant who is also a participant in either the NationsBank Supplemental Executive Retirement Plan or the NationsBank Supplemental Executive Retirement Plan for Senior Management Employees, the
Participating Employers shall disregard the effect of any increase in the accrued benefit (as such term is defined in the Pension Plan) of such Participant as a result of Section 17.3 of the Pension Plan. 
  

 16 

  
 ARTICLE V 
 MISCELLANEOUS PROVISIONS 
  
 Section 5.1 Nature of Plan and Rights. The Restoration Plan is unfunded and intended to constitute an incentive and deferred compensation plan for
a select group of officers and key management employees of the Participating Employers. If necessary to preserve the above intended plan status, the Committee, in its sole discretion, reserves the right to limit or reduce the number of actual
Participants and otherwise to take any remedial or curative action that the Committee deems necessary or advisable. The Restoration Accounts established and maintained under the Restoration Plan by a Participating Employer are for accounting
purposes only and shall not be deemed or construed to create a trust fund of any kind or to grant a property interest of any kind to any Participant, designated beneficiary or estate. The amounts credited by a Participating Employer to such
Restoration Accounts are and for all purposes shall continue to be a part of the general assets of such Participating Employer, and to the extent that a Participant, beneficiary or estate acquires a right to receive payments from such Participating
Employer pursuant to the Restoration Plan, such right shall be no greater than the right of any unsecured general creditor of such Participating Employer. 
  
 Section 5.2 Termination of Employment. For the purposes of the Restoration Plan, a Participant’s employment with a Participating Employer
shall not be considered to have terminated so long as the Participant is in the employ of any Participating Employer, other member of the Affiliated Group or any other entity as the Personnel Group may designate. 
  
 Section 5.3 Spendthrift Provision. A Participant’s or
Beneficiary’s rights and interests under the Plan may not be assigned or transferred by the Participant or Beneficiary. In that regard, no part of any amounts credited or payable hereunder shall, prior to actual payment, (i) be subject to
seizure, attachment, garnishment or sequestration for the payment of debts, judgments, alimony or separate maintenance owed by the Participant or any other person, (ii) be transferable by operation of law in the event of the Participant’s or
any person’s bankruptcy or insolvency or (iii) be transferable to a spouse as a result of a property settlement or otherwise. Notwithstanding the foregoing, the Participating Employers shall have the right to offset from a Participant’s
unpaid benefits under the Restoration Plan any amounts due and owing from the Participant to the extent permitted by law. 
  
 Section 5.4 Employment Noncontractual. The establishment of the Restoration Plan shall not enlarge or otherwise affect the terms of any
Participant’s employment with his Participating Employer, and such Participating Employer may terminate the employment of the Participant as freely and with the same effect as if the Restoration Plan had not been established. 
  
 Section 5.5 Adoption by Other Participating Employers. The Restoration
Plan may be adopted by any Participating Employer participating under the Pension Plan, such adoption to be effective as of the date specified by such Participating Employer at the time of adoption. 
  

 17 

 Section 5.6 Applicable Law. The Restoration Plan shall be governed and construed in accordance
with the laws of the State of North Carolina, except to the extent such laws are preempted by the laws of the United States of America. 
  
 Section 5.7 Merged Plans. From time to time the Participating Employers may cause other nonqualified plans to be merged into the Restoration Plan.
Schedule 5.7 attached hereto sets forth the names of the plans that merged into the Restoration Plan by January 1, 2005 and their respective merger dates. Schedule 5.7 shall be updated from time to time to reflect mergers after January 1, 2005.

  
 Upon such a merger, the accrued benefits immediately prior to
the date of merger of each participant in the merged plan shall be transferred and credited as of the merger date to a Restoration Account established under the Restoration Plan for such participant. From and after the merger date, the
participant’s rights shall be determined under the Restoration Plan, and the participant shall be subject to all of the restrictions, limitations and other terms and provisions of the Restoration Plan. Not in limitation of the foregoing, the
Restoration Account established for the participant as a result of the merger shall be periodically adjusted when and as provided in Section 3.3 hereof as in effect from time to time and shall be paid at such time and in such manner as provided in
Section 3.4 hereof, except to the extent otherwise provided on Schedule 5.7. Notwithstanding any provision of this Section 5.7 to the contrary and subject to the provisions of Section 3.6, a participant in a merged plan that is in pay status or is a
terminated employee in a deferred vested status as of the plan merger date shall continue to be eligible to receive benefits as and when provided under the terms of the merged plan as in effect immediately prior to such merger. The Personnel Group
shall, in its discretion, establish any procedures it deems necessary or advisable in order to administer any such plan mergers, including without limitation procedures for transitioning from the method of account adjustments under the prior plan to
the methods provided for under the Restoration Plan. 
  
 Section
5.8 Status Under the Act. The Restoration Plan is maintained for purposes of providing deferred compensation for a select group of management or highly compensated employees. In addition, to the extent that the Restoration Plan makes up
benefits limited under the Pension Plan as a result of Section 415 of the Code, the Restoration Plan shall be considered an “excess benefit plan” within the meaning of the Act. 
  
 Section 5.9 Compliance With Code Section 409A. The Restoration Plan is intended to comply with Code Section 409A, and
official guidance issued thereunder, with respect to amounts vested or deferred under the Restoration Plan after 2004. Further, the Restoration Plan is intended to be operated and administered in a manner (i) that will not constitute a
“material modification” of the Restoration Plan for purposes of the effective date provisions of Code Section 409A or (ii) that would otherwise cause amounts deferred and vested prior to 2005 to become subject to the requirements of Code
Section 409A. Notwithstanding any provision of the Restoration Plan to the contrary, the Restoration Plan shall be interpreted, operated, and administered consistent with this intent. 
  

 18 

 Section 5.10 Claims Procedure. Any claim for benefits under the Restoration Plan by a Participant
or Beneficiary shall be made in accordance with the claims procedures set forth in the Pension Plan. 
  
 Section 5.11 Limited Effect of Restatement. Notwithstanding anything to the contrary contained in the Plan, to the extent permitted by the Act and
the Code, this instrument shall not affect the availability, amount, form or method of payment of benefits being paid before the effective date hereof, or to be paid on or after the effective date hereof, to any Participant or former Participant (or
a Beneficiary of either) in the Restoration Plan who is not an active Participant on or after the effective date hereof, said availability, amount, form or method of payment of benefits, if any, to be determined in accordance with the applicable
provisions of the Restoration Plan as in effect prior to the effective date hereof. 
  
 Section 5.12 Binding Effect. The Restoration Plan (including any and all amendments thereto) shall be binding upon the Participating Employers, their respective successors and assigns, and upon the Participants
and their Beneficiaries and their respective heirs, executors, administrators, personal representatives and all other persons claiming by, under or through any of them. 
  
 [SIGNATURE ON NEXT PAGE] 
  

 19 

 IN WITNESS WHEREOF, this instrument has been executed by the Corporation on December 17, 2004.

  

			
	 BANK OF AMERICA CORPORATION

		
	 By:
	 	 /s/ J. Steele Alphin

	 	 	 J. Steele Alphin, Corporate Personnel Executive

  

 20 

  
 EXHIBIT A 

 
 Payment Provisions in Effect From July 1, 1998 through June 30, 2000

  
 (a) Applicable Provisions. The provisions of this
Exhibit A shall apply to the payment of Restoration Plan benefits for Benefit Commencement Dates from July 1, 1998 through June 30, 2000. Except as otherwise provided herein, the provisions of the Plan (including Section 3.4) shall control.

  
 (b) Coordination with Pension Plan Payments. Except as
otherwise provided for in this Exhibit A or Section 3.6 above, a Participant’s vested Restoration Plan benefits shall be payable at the same time and in the same form as the Participant’s Pension Plan benefits. If a Participant’s
Pension Plan benefits are payable in part as an annuity and in part as a lump sum or other non-annuity form, then the Participant’s entire Restoration Plan benefits shall be payable as an annuity (in the same annuity form as applicable in part
to the Participant’s Pension Plan benefits). Any payment of Restoration Plan benefits in a form different than the form in which such benefits are otherwise stated shall be determined by the Personnel Group based on the applicable actuarial
equivalency factors in effect from time to time under the Pension Plan. Notwithstanding any provision of the Restoration Plan to the contrary, if a Participant’s vested Lump Sum Benefit is less than or equal to Ten Thousand Dollars ($10,000) as
of the Participant’s Benefit Commencement Date, then such vested Lump Sum Benefits shall be payable to the Participant as soon as administratively practicable after the Benefit Commencement Date in a single cash payment (consistent with the
provisions of paragraph (d)(i) below). In addition and notwithstanding any provision of the Restoration Plan to the contrary, if a Participant’s Pension Plan benefits are payable pursuant to a non-annuity installment payment method (e.g., as a
result of having transferred amounts to the Pension Plan from the Bank of America 401(k) Plan), then the Participant’s Restoration Plan benefits shall be payable in a single cash payment in accordance with the provisions of paragraph (d) below.

  
 (c) Other Payment Methods. Notwithstanding the
provisions of paragraph (b) above to the contrary, if a Participant’s entire Pension Plan benefits are payable in a single cash payment, then the Participant’s vested Restoration Plan benefits shall be payable in a payment method described
in this Exhibit A if elected in accordance with, and subject to, of the following terms and provisions: 
  
 (i) A Participant who first begins to participate in the Restoration Plan after having attained age fifty-four (54) shall, at the time of
the Participant’s initial participation, irrevocably elect one of the payment options described in subparagraph (iii) below. 
  
 (ii) For a Participant who first begins to participate in the Restoration Plan before having attained age fifty-four (54), such
Participant shall, upon attainment of age fifty-four (54), be given the opportunity to irrevocably elect one of the payment options described in subparagraph (iii) below. 
  

 (iii) The payment options from which a Participant may elect are as follows: (A) single
cash payment, (B) five (5) annual installments or (C) ten (10) annual installments, as such methods are more fully described below. 
  
 (iv) Any election made under this paragraph shall be made on such form, at such time and pursuant to such procedures as determined by the
Personnel Group in its sole discretion from time to time. An election made under subparagraph (i) shall be effective upon the later of the date of such election or the attainment of age fifty-five (55). An election made under subparagraph (ii) shall
not become effective until the attainment of age fifty-five (55) (or such later date as may be specified in the election). 
  
 (v) For a Participant who does not yet have an election in effect under this paragraph or for a Participant who fails to elect a payment
option under this paragraph, the method of payment shall be the single cash payment. In addition, if the Lump Sum Benefit of a Participant who is to be paid by the installment method is less than Ten Thousand Dollars ($10,000) determined as of the
Benefit Commencement Date, then the method of payment shall be the single cash payment. 
  
 (d) Single Cash Payments. The following provisions shall apply with respect to single cash payments under the Restoration Plan for a Participant whose entire Pension Plan benefits are payable in a single cash
payment: 
  
 (i) Pre-Age 55 or Lump Sum
Benefit Under $10,000. If a Participant terminates employment with the Participating Employers either (A) before attainment of age fifty-five (55) or (B) with a vested Lump Sum Benefit (determined as of the Participant’s Benefit
Commencement Date) that is Ten Thousand Dollars ($10,000) or less (even if the Participant has elected and is otherwise eligible for installment payments), then the Participant’s vested Lump Sum Benefit shall be determined as of the
Participant’s Benefit Commencement Date, and such final vested Lump Sum Benefit shall be paid in a single cash payment to the Participant (or to the Participant’s Beneficiary in the case of the Participant’s death) as soon as
administratively practicable after the date of the Benefit Commencement Date. 
  
 (ii) After Age 55 and Lump Sum Benefit Over $10,000. If a Participant terminates employment with the Participating Employers after attainment of age fifty-five (55) with a vested Lump Sum Benefit (determined as
of the Participant’s Benefit Commencement Date) exceeding Ten Thousand Dollars ($10,000) and with a single cash payment election in effect under paragraph (c) above, then such Participant’s vested Lump Sum Benefit shall be paid in a single
cash payment to the Participant (or to the Participant’s Beneficiary in the case of the Participant’s death) either (A) on or about March 31 

  

 2 

 
of the Plan Year following the end of the Plan Year in which the termination of employment occurs if the Benefit Commencement Date is in the same Plan Year
as such termination or (B) as soon as administratively practicable after the Benefit Commencement Date if the Benefit Commencement Date is in any subsequent Plan Year. In the case of payment in accordance with clause (A), the Personnel Group shall
in its discretion establish procedures from time to time to cause the amount of such Lump Sum Benefit to be adjusted for the period between the Benefit Commencement Date and the applicable payment date. 
  
 (e) Annual Installments. If a Participant (whose entire Pension Plan
benefits are payable in a single cash payment) terminates employment with the Participating Employers after attainment of age fifty-five (55) with a vested Lump Sum Benefit (determined as of the Participant’s Benefit Commencement Date)
exceeding Ten Thousand Dollars ($10,000) and with an installment payment election in effect under paragraph (c) above, then the amount of the annual installments shall be calculated and paid pursuant to the following provisions: 
  
 (i) Timing of Payments. If the Participant’s
Benefit Commencement Date occurs in the same Plan Year as the Participant’s termination of employment, then the first installment shall be paid on or about March 31 of the Plan Year following the Plan Year in which the Participant’s
Benefit Commencement Date occurs, and each subsequent installment shall be paid on or about each subsequent March 31 during the selected payment period. If, however, the Participant’s Benefit Commencement Date occurs in a Plan Year after the
Plan Year in which the Participant’s termination of employment occurs, then the first installment shall be paid as soon as administratively practicable after the Benefit Commencement Date, the second installment shall be paid on or about March
31 of the Plan Year following the Plan Year in which the Participant’s Benefit Commencement Date occurs, and each subsequent installment shall be paid on or about each subsequent March 31 during the selected payment period. 
  
 (ii) Special Adjustment to Restoration Account. If a
Participant’s Lump Sum Benefit to be payable as annual installments is determined under the provisions of Section 3.5 (rather than based on the amount credited to the Participant’s Restoration Account), then in order to administer the
payment of annual installments of such Lump Sum Benefit the Participant’s Restoration Account shall be adjusted (either up or down, as applicable) as of the Benefit Commencement Date to equal the amount of such Lump Sum Benefit. 
  
 (iii) Amount of Installments. The amount of the
annual installments shall be calculated, based on the vested Restoration Account balance as of the initial installment payment date, as equal annual installments amortized over the selected payment period using the “GATT rate” then in
effect as determined by the Personnel Group. In the case of an initial installment payment date that is on or about March 31 of the Plan Year following the Plan Year in which the Benefit 

  

 3 

 
Commencement Date occurs, the Personnel Group shall in its discretion establish procedures from time to time to cause the Restoration Account to be adjusted
for the period between the Benefit Commencement Date and such March 31. 
  
 (iv) Death of Participant. If a Participant covered by this paragraph (e) dies, then the annual installments (or remaining annual installments in the case of death after commencement of payment) shall be paid
to the Participant’s Beneficiary as and when such installments would have otherwise been paid to the Participant had the Participant not died. 
  

 4 

  
 SCHEDULE 5.7

  
 MERGED PLANS AS OF JANUARY 1, 2005

  

			
	 Plan Name

	  	Date of Merger

	 BankAmerica Supplemental Retirement Plan (but only as to BankAmerica Pension Plan restored benefits)
	  	July 1, 2000

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