Document:

Crestor Financial Corporation SERP

 Exhibit 10.8 
 CRESTAR FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
  
  
  
  
  
 Amended
and Restated 
 Effective December 31, 2008 
 And 
 Further Amended By 
 Appendix A 
 Effective January 1, 2009 

 CRESTAR FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 Introduction 
 The Board of Directors of Crestar Financial Corporation (the Corporation) adopted the Crestar Financial Corporation Supplemental Executive Retirement Plan (the Plan),
effective January 1, 1995. The purpose of the Plan was to assist in attracting and retaining those employees whose judgment, abilities and experience would contribute to its continued progress and success. The Board of Directors also determined
that the Plan should further those objectives by providing retirement and related benefits that supplement the amounts payable under the deferred compensation plans and arrangements currently maintained by the Corporation. The Plan was intended to
provide an unfunded supplemental retirement benefit to a select group of management and highly compensated employees as such terms are used in sections 201, 301, and 501 of the Employee Retirement Income Security Act of 1974. The Plan must be
interpreted and administered in a manner that is consistent with that intent. Effective December 29, 1998, Crestar Bank became Plan sponsor of this Plan and all other plans funded through the Crestar Financial Corporation Supplemental Executive
Retirement Plans Trust. 
 Article I 
 Definitions 
  

	1.01.	Accounting Firm means the accounting firm most recently approved by the Corporation’s shareholders as the Corporation’s auditor; provided, however, that if such
accounting firm declines to undertake the determinations assigned to it under this Agreement, then the “Accounting Firm” shall mean such other accounting firm designated by the Corporation. 

 Effective July 19, 1998, the definition of Accounting Firm was amended to read as follows: 
 Accounting Firm means the public accounting firm retained as the Corporation’s independent auditor as of the date immediately prior to the
Change in Control. If, however, such firm declines or is unable to undertake the determinations assigned to it under this Plan, then “Accounting Firm” shall mean such other independent accounting firm agreed upon by the Corporation and the
Participant. The two preceding sentences to the contrary notwithstanding, if the public accounting firm retained as the Corporation’s independent auditor as of the date immediately prior to the Change in Control is serving as an accountant or
auditor of the individual, group or entity effecting the Change in Control, the Participant shall be entitled to appoint another nationally recognized public accounting firm to make the determinations required under this Plan (in which case such
accounting firm shall then be referred to as the “Accounting Firm”). 
  

	1.02.	Actuarial Equivalent means, when used in reference to any form of benefit, a form of benefit which has the same value as the referenced benefit based on the actuarial
assumptions, methods and procedures adopted for such purposes under the Retirement Plan. 

  

	1.03.	Administrator means the Committee and any delegate of the Committee appointed in accordance with Section 6.07. 

	1.04.	Affiliate means any corporation which, when considered with the Corporation, would constitute a controlled group of corporations within the meaning of Code section 1563(a)
determined without reference to Code sections 1563(a)(4) and 1563(e)(3)(C) and any entity, whether or not incorporated, which would be under common control with the Corporation within the meaning of Code section 414(c). 

  

	1.05.	ANEX Plan means the portion of the Crestar Financial Corporation Additional Nonqualified Executive Plan that provides “Defined-benefit Benefit Entitlements” (as
such term is defined therein), as amended from time to time, and any successor thereto. 

  

	1.06.	Average Compensation means the average of the Compensation paid to the Executive during the three calendar years, whether or not consecutive, that yields the highest
number. 

  

	1.07.	Board means the Board of Directors of the Corporation. 

  

	1.08.	Capped Parachute Payments means the largest amount of Parachute Payments that may be paid to the Participant without liability under Code section 4999.

  

	1.09.	Change in Control is defined in Section 1.06 of the Crestar Financial Corporation 1993 Stock Incentive Plan, as amended from time to time, and any successor thereto.

  

	1.10.	Code means the Internal Revenue Code of 1986, as amended, or any successor thereto, as in effect at the relevant time. 

  

	1.11.	Committee means the Human Resources and Compensation Committee of the Board. 

  

	1.12.	Compensation means the sum of the base salary and bonus earned by the Executive and paid by the Corporation, an Affiliate, or both, for a calendar year. For purposes of
this Section 1.12, an Executive’s “bonus” for any calendar year shall be the Executive’s incentive award under the Management Incentive Compensation Plan of Crestar Financial Corporation (or any successor or substitute plan)
earned for the calendar year, regardless of whether such award is determined or payable after the end of the calendar year. An Executive’s Compensation shall be determined without regard to any compensation reductions or deferrals under
Code section 125 or 401(k) and without regard to any salary or bonus deferrals under nonqualified deferred compensation plans of the Corporation or an Affiliate. Effective December 31, 1998, Compensation under the Plan for three
Executives who signed agreements with the Company and SunTrust Banks, Inc. shall not include any amount earned by or paid to the Executive by the Company or any Affiliate after December 31, 1998, except that the Executive’s bonus earned
under the Management Incentive Plan for the 1998 award year shall be included as part of the Executive’s 1998 Compensation. Copies of those agreements are attached as Exhibits I-1, I-2 and I-3 to this Plan and incorporated herein by
reference. 

  

	1.13.	Control Change Date is defined in Section 1.13 of the Crestar Financial Corporation 1993 Stock Incentive Plan, as amended from time to time, and any successor
thereto. 

  

	1.14.	Corporation means Crestar Financial Corporation and any successor corporation. 

  

	1.15.	Designated Participant means a Participant who (i) will not be credited with twenty Years of Service on his Normal Retirement Date even if he remains in the
continuous employ of the Corporation until his Normal Retirement Date and (ii) is identified as a Designated Participant on Exhibit I to the Plan as approved by the Committee from time to time. 

  

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	1.16.	Early Retirement Allowance means the benefit described in Section 3.02. 

  

	1.17.	Early Retirement Date means the date prior to the Normal Retirement Date which is the first day of the month coincident with or next following a Participant’s
retirement from the Corporation or an Affiliate after attaining age 55. 

  

	1.18.	Excess Plan means the Crestar Financial Corporation Excess Benefit Plan, as amended from time to time and any successor thereto. 

  

	1.19.	Executive means an individual employed by the Corporation or an Affiliate whose position is evaluated at Grade 41 or above as of January 1, 1995, and such other
individual who is an employee of the Corporation or an Affiliate and who is designated as an Executive by the Committee for purposes of this Plan. 

  

	1.20.	Net After-Tax Amount means the amount of any Parachute Payments or Capped Parachute Payments, as applicable, net of taxes imposed under Code sections 1, 3101(b) and 4999
and any State or local income taxes applicable to the Participant as in effect on the date of the first payment to the Participant under the Crestar Financial Corporation Executive Severance Plan after a Control Change Date. The determination of the
Net After Tax Amount shall be made using the highest combined effective rate imposed by the foregoing taxes on income of the same character as the Parachute Payments or Capped Parachute Payments, as applicable, in effect for the year for which the
determination is made. 

  

	1.21.	Normal Retirement Allowance means the benefit described in Section 3.01. 

  

	1.22.	Normal Retirement Date means the first day of the month coincident with or next following a Participant’s retirement from the Corporation or an Affiliate after
attaining age 60. 

  

	1.23.	Offset Amount means the sum of the annual benefits, if any, payable to or on behalf of a Participant, for his lifetime under the Retirement Plan, the ANEX Plan, the Excess
Plan, any other supplemental executive retirement plan maintained by the Corporation or an Affiliate and any other qualified defined benefit pension plan maintained by the Corporation or an Affiliate and assuming a benefit commencement date as of
the date that benefits are scheduled to commence under Article III or IV. Effective December 17, 1997, Offset Amount shall also include for any Participant who is credited under Section 1.31 with five Years of Service for service with a
prior employer or for any other service with an employer other than the Corporation or an Affiliate, the sum of the annual benefits, if any, payable to or on behalf of that Participant for his lifetime under any qualified or nonqualified defined
benefit plan of a prior employer and assuming a benefit commencement date as of the date that benefits are scheduled to commence under Article III or IV. 

  

	1.24.	Parachute Payment means a payment that is described in Code section 280G(b)(2) (without regard to whether the aggregate present value of such payments exceeds the limit
prescribed by Code section 280G(b)(2)(A)(ii)). The amount of any Parachute Payment shall be determined in accordance with Code section 280G and the regulations promulgated thereunder, or, in the absence of final regulations, the proposed regulations
promulgated under Code section 280G. 

  

	1.25.	Participant means an Executive who satisfies the requirements of Article II. 

  

	1.26.	Plan means the Crestar Financial Corporation Supplemental Executive Retirement Plan. 

  

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	1.27.	Pro Rata Compensation means the amount determined by multiplying a Participant’s Average Compensation by a fraction, the numerator of which is the Participant’s
Years of Service as of the date of reference (not to exceed twenty), and the denominator of which is twenty. 

  

	1.28.	Retirement Plan means the Retirement Plan for Employees of Crestar Financial Corporation and Affiliated Corporations, as amended from time to time, and any successor
thereto, which includes the SunTrust Banks, Inc. Retirement Plan, into which the Retirement Plan was merged. 

  

	1.29.	Surviving Spouse means the person to whom the Participant is legally married on the date of reference and who survives the Participant. 

  

	1.30.	Total and Permanent Disability means a disability which entitles the Participant to benefits under a long-term disability plan maintained by the Corporation and its
Affiliates or, in the absence of such a plan, entitles the Participant to Social Security disability benefits. 

  

	1.31.	Years of Service means the total years of service as determined under the terms of the Retirement Plan for purposes of determining the Participant’s vested or
nonforfeitable interest in the Retirement Plan. For any Participant who is not in pay status as of December 17, 1997, Years of Service means two times the total years of service as determined under the terms of the Retirement Plan for
purposes of determining the Participant’s vested or nonforfeitable interest in the Retirement Plan plus five additional Years of Service for employment with any prior employer other than the Corporation or an Affiliate. In addition, Years
of Service also includes service with a successor corporation following a Change in Control to the extent that such service would be recognized for purposes of determining the Participant’s vested or nonforfeitable interest in the
Retirement Plan if such successor were the Corporation. Effective December 17, 1997, in the event of a Change in Control, Years of Service shall also include two additional Years of Service if the Participant becomes entitled to payments
under a severance agreement under the Crestar Financial Corporation Executive Severance Plan (the “Executive Severance Plan”) that provides for a lump sum severance amount based on two times his base pay and bonus or three additional Years
of Service if the Participant becomes entitled to payments under a severance agreement under the Executive Severance Plan that provides for a lump sum severance amount based on three times his base pay and bonus. To the extent approved by the
Committee, Years of Service also includes service with a predecessor employer or entity acquired by the Corporation or an Affiliate. Effective December 17, 1997, except as provided in the second sentence of this Section 1.31,
a period of service with the Corporation, an Affiliate, a predecessor employer or entity, a successor or any other period shall only be counted once in determining a Participant’s Years of Service. Notwithstanding the foregoing, a
Participant’s Years of Service shall not be less than the number of years determined in accordance with the provisions of Exhibit I to the Plan as approved by the Committee from time to time and, effective December 17, 1997, in all
events the total Years of Service credited to a Participant under this Section 1.31 and Exhibit I in excess of twenty Years of Service shall be disregarded. 

  

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 Article II 
 Participation 
  

	2.01.	Beginning Participation  

 Each person who is
an Executive on January 1, 1995 shall be a Participant in the Plan effective January 1, 1995. Each person who becomes an Executive after January 1, 1995 shall be a Participant in the Plan as of the date that his participation is
approved in writing by a resolution adopted by the Committee. 
  

	2.02.	Change in Status  

 Except as provided in
Section 2.03, a Participant shall cease to be a Participant in the Plan as of the date that he ceases to be an Executive if, as of that date, he has not satisfied the requirements to receive a retirement allowance under Article III. Despite the
preceding sentence, with the written approval of, and subject to such terms and conditions as may be prescribed by, the Committee in its sole discretion, a Participant who ceases to be an Executive before he has satisfied the requirements to receive
a retirement allowance under Article III may continue to be a Participant if he continues to be an employee of the Corporation or an Affiliate. 
  

	2.03.	Change in Control  

 Section 2.02 to the
contrary notwithstanding, each person who is a Participant on a Control Change Date shall continue to be a Participant in the Plan thereafter until the date that he ceases to be an employee of the Corporation, an Affiliate or a successor of the
Corporation or an Affiliate and all of the benefits payable to or on behalf of the Participant have been paid. 
 Article III

 Retirement Allowances 
  

	3.01.	Normal Retirement Allowance  

  

	 	(a)	Subject to the requirements of Article V and Section 8.01, a Participant who retires from the Corporation or an Affiliate on or after his Normal Retirement Date and after
being credited with twenty Years of Service shall be entitled to receive his Normal Retirement Allowance under the Plan. The Normal Retirement Allowance is an annual benefit which shall be equal to the difference between (i) and (ii) below
where 

 (i) = 50% times the Participant’s Average Compensation(determined as of his Normal Retirement Date), and

 (ii) = Offset Amount. 
 The Normal Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the payroll practices of the Corporation and its Affiliates, commencing as of the Participant’s Normal
Retirement Date and ending with the payment for the month in which the Participant dies. Payments of the Normal Retirement Allowance shall be reduced in accordance with income and employment tax withholding requirements. 
  

	 	(b)	Subject to the requirements of Article V and Section 8.01, a Designated Participant who retires from the Corporation or an Affiliate on or after his Normal Retirement Date
shall be entitled to receive his Normal Retirement Allowance under the Plan. The Normal Retirement Allowance payable to the Designated Participant is an annual benefit which shall be equal to the difference between (i) and (ii) below where

  

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 (i) = 50% times the Designated Participant’s Pro Rata Compensation (determined as of his Normal
Retirement Date), and 
 (ii) = Offset Amount. 
 The Normal Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the payroll practices of the Corporation and its Affiliates, commencing as of the
Designated Participant’s Normal Retirement Date and ending with the payment for the month in which the Designated Participant dies. Payments of the Normal Retirement Allowance shall be reduced in accordance with income and employment tax
withholding requirements. 
  

	3.02.	Early Retirement Allowance 

  

	 	(a)	Subject to the requirements of Article V and Section 8.01, a Participant who retires from the Corporation or an Affiliate on or after being credited with twenty Years of
Service is eligible for an Early Retirement Allowance beginning as of the first day of any month coincident with or following the Participant’s Early Retirement Date. The Early Retirement Allowance is an annual benefit which shall be the
difference between (i) and (ii) below where 

 (i) = the Applicable Percentage times the Participant’s
Average Compensation (determined as of his Early Retirement Date), and 
 (ii) = the Offset Amount. 
 For purposes of this Section 3.02(a), the “Applicable Percentage” is equal to 50% reduced by 0.20833% for each full month that the
commencement of the Participant’s Early Retirement Allowance precedes the Participant’s Normal Retirement Date. The Early Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the
payroll practices of the Corporation and its Affiliates, until the payment for the month in which the Participant dies. Payments of the Early Retirement Allowance shall be reduced in accordance with income and employment tax withholding
requirements. 
  

	 	(b)	Subject to the requirements of Article V and Section 8.01, a Designated Participant who retires from the Corporation or an Affiliate on or after his Early Retirement Date is
eligible for an Early Retirement Allowance beginning as of the first day of any month coincident with or following the Designated Participant’s Early Retirement Date. The Early Retirement Allowance is an annual benefit which shall be the
difference between (i) and (ii) below where 

 (i) = the Applicable Percentage times the Designated
Participant’s Pro Rata Compensation (determined as of his Early Retirement Date), and 
 (ii) = the Offset Amount. 
 For purposes of this Section 3.02(b), the “Applicable Percentage” is equal to 50% reduced by 0.20833% for each full month that the
commencement of the Designated Participant’s Early Retirement Allowance precedes the

  

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Participant’s Normal Retirement Date. The Early Retirement Allowance shall be payable in equal or nearly equal monthly installments, or more frequently based on the payroll practices of the
Corporation and its Affiliates, until the payment for the month in which the Designated Participant dies. Payments of the Early Retirement Allowance shall be reduced in accordance with income and employment tax withholding requirements. 

 

	3.03.	Change in Control Benefit  

  

	 	(a)	Subject to the requirements of Article V and Section 8.01, a Participant who is credited with twenty Years of Service may retire from the Corporation, an Affiliate or a
successor of the Corporation or an Affiliate on or after a Control Change Date. In that event, the Participant shall be entitled to an annual benefit (with the benefit payments commencing on the first day of a month selected by the Participant if
such election is made while the Participant is employed by the Corporation or an Affiliate or, absent such an election, on the first day of the month following the date he attains age 55 (the “Benefit Commencement Date”)), equal to the
difference between (i) and (ii) below where 

 (i) = the Applicable Percentage times the Participant’s
Average Compensation (determined as of the date that the Participant ceases to be employed by the Corporation and its Affiliates after a Control Change Date), and 
 (ii) = the Offset Amount. 
 For purposes of this Section 3.03(a), the “Applicable
Percentage” is equal to 50% reduced by 0.20833% for each full month that the Benefit Commencement Date precedes the month in which the Participant will attain age 60. The benefit payable under this Section 3.03(a) shall be payable in equal
or nearly equal monthly installments, or more frequently based on the payroll practices of the Corporation and its Affiliates, commencing as of the Benefit Commencement Date and ending with the payment for the month in which the Participant dies.
Payments of the benefit described in this Section 3.03(a) shall be reduced in accordance with income and employment tax withholding requirements. 
  

	 	(b)	Subject to the requirements of Article V and Section 8.01, a Participant who is credited with less than twenty Years of Service may retire from the Corporation, an Affiliate
or a successor of the Corporation or an Affiliate on or after a Control Change Date. In that event, the Participant shall be entitled to an annual benefit (with the benefit payments commencing on the first day of a month selected by the Participant
if such election is made while the Participant is employed by the Corporation or an Affiliate or, absent such an election, on the first day of the month following the date he attains age 55 (the “Benefit Commencement Date”)), equal to the
difference between (i) and (ii) below where 

 (i) = the Applicable Percentage times the Participant’s Pro
Rata Compensation (determined as of the date that the Participant ceases to be employed by the Corporation and its Affiliates after a Control Change Date), and 
 (ii) = the Offset Amount. 
 For purposes of this Section 3.03(b), the “Applicable
Percentage” is equal to 50% reduced by 0.20833% for each full month that the Benefit Commencement Date precedes the month in which the Participant will attain age 60. The benefit payable under this Section 3.03(b) shall be payable in equal
or nearly equal monthly installments, or more

  

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frequently based on the payroll practices of the Corporation and its Affiliates, commencing as of the Benefit Commencement Date and ending with the payment for the month in which the Participant
dies. Payments of the benefit described in this Section 3.03(b) shall be reduced in accordance with income and employment tax withholding requirements. 
  

	3.04.	Disability Retirement Allowance  

 Subject to
the requirements of Article V and Section 8.01, a Participant shall be entitled to receive a retirement allowance under Section 3.02 if his employment with the Corporation and its Affiliates terminates on account of Total and Permanent
Disability and such Total and Permanent Disability continues without interruption until the date that would have been the Participant’s Early Retirement Date had he remained employed by the Corporation and its Affiliates. The retirement
allowance under Section 3.02 shall commence as of the first day of the month coincident with or next following the date that would have been the Participant’s earliest Early Retirement Date. 
  

	3.05.	Optional Forms of Benefit  

 A Participant
who is entitled to receive a retirement allowance under this Article III may elect to have his benefit payable in a form other than a single life annuity. The optional forms of payment that are available under this Plan are the same optional forms
of payment provided under the Retirement Plan (without regard to any requirement that the Participant’s Spouse consent to such payment election) as in effect on the date that the Participant retires; provided, however, that only the Surviving
Spouse may be designated under this Plan as the contingent annuitant for any form of payment that provides lifetime benefits to another person after the Participant’s death. If the Participant elects an optional form of payment under this
Section 3.05, any contingent annuitant or beneficiary designated in connection with that election need not be the same as any contingent annuitant or beneficiary designated under the Retirement Plan, the Excess Plan, the ANEX Plan or any other
plan providing a benefit that is part of the Offset Amount. If the Participant elects an optional form of payment under this Section 3.05, the amount payable under the optional form shall be the Actuarial Equivalent of the amount of the
retirement allowance otherwise payable under this Article III in the form of a single life annuity. A Participant shall be entitled to elect an optional form of payment at such time and in such manner as the Administrator may decide; provided,
however, that a Participant may not change his payment election after benefit payments have begun. 
 Article IV 
 Payments in the Event of Death 
  

	4.01.	Death Prior to Age 55  

  

	 	(a)	Subject to the requirements of Article V and Section 8.01, a benefit will be payable under this Plan to the Surviving Spouse of a Participant who dies before attaining age
55, after completing twenty Years of Service, but before the commencement of a retirement allowance under Article III. The benefit payable to the Surviving Spouse will be determined as follows: 

 (i) = First: Calculate the Participant’s Early Retirement Allowance under Article III using the Participant’s Average Compensation as of
his date of death and an Applicable Percentage equal to 37.5002%. 
  

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 (ii) = Second: Calculate the Actuarial Equivalent, payable as a Joint and 50% Survivor Annuity, of
the single life annuity determined in (i) above. 
 The Surviving Spouse’s benefit is the survivor’s portion of the Joint
and 50% Survivor Annuity determined in (ii) above. For purposes of this Section 4.01(a), the term “Joint and 50% Survivor Annuity” means an annuity for the life of the Participant with a survivor annuity for the life of the
Surviving Spouse which is equal to 50% of the amount of the annuity which is payable during the joint lives of the Participant and Surviving Spouse and which is the Actuarial Equivalent of an annuity for the life of the Participant. 
 The benefit payable under this Section 4.01(a) shall be payable in equal or nearly equal monthly installments, or more frequently based on the
payroll practices of the Corporation and its Affiliates, commencing as of the month in which the Participant would have attained age 55 and ending with the month in which the Surviving Spouse dies. Payments of the benefit described in this
Section 4.01(a) shall be reduced in accordance with income and employment tax withholding requirements. Except as provided in this Section 4.01(a), no death benefit shall be payable under this Plan on behalf of a Participant who dies
before attaining age 55. 
  

	 	(b)	Subject to the requirements of Article V and Section 8.01, a benefit will be payable under this Plan to the Surviving Spouse of a Participant who dies before attaining age
55, after completing less than twenty Years of Service, but before the commencement of a retirement allowance under Article III. The benefit payable to the Surviving Spouse will be determined as follows: 

 (i) = First: Calculate the Participant’s Early Retirement Allowance under Article III using the Participant’s Pro Rata Compensation as of
his date of death and an Applicable Percentage equal to 37.5002%. 
 (ii) = Second: Calculate the Actuarial Equivalent, payable as a
Joint and 50% Survivor Annuity, of the single life annuity determined in (i) above. 
 The Surviving Spouse’s benefit is the
survivor’s portion of the Joint and 50% Survivor Annuity determined in (ii) above. For purposes of this Section 4.01(b), the term “Joint and 50% Survivor Annuity” means an annuity for the life of the Participant with a
survivor annuity for the life of the Surviving Spouse which is equal to 50% of the amount of the annuity which is payable during the joint lives of the Participant and Surviving Spouse and which is the Actuarial Equivalent of an annuity for the life
of the Participant. 
 The benefit payable under this Section 4.01(b) shall be payable in equal or nearly equal monthly installments,
or more frequently based on the payroll practices of the Corporation and its Affiliates, commencing as of the month in which the Participant would have attained age 55 and ending with the month in which the Surviving Spouse dies. Payments of the
benefit described in this Section 4.01(b) shall be reduced in accordance with income and employment tax withholding requirements. Except as provided in this Section 4.01(b), no death benefit shall be payable under this Plan on behalf of a
Participant who dies before attaining age 55. 
  

	 	(c)	Effective December 20, 1996 and notwithstanding the foregoing provisions of this Section 4.01, that the benefit payable to the surviving spouse of a participant who
dies before attaining age 55 shall be the greater of 

  

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 (i) = the benefit payable under the current SERP formula or 
 (ii) = the benefit that would be payable under the SERP benefit formula taking into account the participant’s base salary as in effect on the
date of death and his prior year’s bonus (if the participant completed less than six months’ service in the year of death) or his current bonus (if the participant completed at least six months’ service in the year of death).

  

	4.02.	Death on or After Age 55  

  

	 	(a)	Subject to the requirements of Article V and Section 8.01, a benefit will be payable under this Plan to the Surviving Spouse of a Participant who dies on after attaining age
55, after completing 20 Years of Service, but before the commencement of a retirement allowance under Article III. The benefit payable to the Surviving Spouse will be determined as follows: 

 (i) = First: Calculate the Participant’s Early Retirement Allowance under Article III using the Participant’s Average Compensation as of
his date of death and an Applicable Percentage equal to 50% reduced by 0.20833% times each month that the Participant’s death precedes the Participant’s Normal Retirement Date. 
 (ii) = Second: Calculate the Actuarial Equivalent, payable as a Joint and 100% Survivor Annuity, of the single life annuity determined in
(i) above. 
 The Surviving Spouse’s benefit is the survivor’s portion of the Joint and 100% Survivor Annuity determined in
(ii) above. For purposes of this Section 4.02, the term “Joint and 100% Survivor Annuity” means an annuity for the life of the Participant with a survivor annuity for the Surviving Spouse which is equal to 100% of the amount of
the annuity which is payable for the joint lives of the Participant and Surviving Spouse and which is the Actuarial Equivalent of an annuity for the life of the Participant. 
 The benefit payable under this Section 4.02 shall be payable in equal or nearly equal monthly installments, or more frequently based on the
payroll practices of the Corporation and its Affiliates, commencing as of the first day of the month following the Participant’s death and ending with the payment for the month in which the Surviving Spouse dies. Payments of the benefit
described in this Section 4.02 shall be reduced in accordance with income and employment tax withholding requirements. Except as provided in this Section 4.02, no death benefit shall be payable under this Plan on behalf of a Participant
who dies after attaining age 55 but before the commencement of a retirement allowance under Article III. 
  

	 	(b)	Subject to the requirements of Article V and Section 8.01, a benefit will be payable under this Plan to the Surviving Spouse of a Participant who dies on after attaining age
55, after completing less than 20 Years of Service, but before the commencement of a retirement allowance under Article III. The benefit payable to the Surviving Spouse will be determined as follows: 

 (i) = First: Calculate the Participant’s Early Retirement Allowance under Article III using the Participant’s Pro Rata Compensation as of
his date of death and an Applicable Percentage equal to 50% reduced by 0.20833% times each month that the Participant’s death precedes the Participant’s Normal Retirement Date. 
  

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 (ii) = Second: Calculate the Actuarial Equivalent, payable as a Joint and 100% Survivor Annuity, of
the single life annuity determined in (i) above. 
 The Surviving Spouse’s benefit is the survivor’s portion of the Joint
and 100% Survivor Annuity determined in (ii) above. For purposes of this Section 4.02(b), the term “Joint and 100% Survivor Annuity” means an annuity for the life of the Participant with a survivor annuity for the Surviving
Spouse which is equal to 100% of the amount of the annuity which is payable for the joint lives of the Participant and Surviving Spouse and which is the Actuarial Equivalent of an annuity for the life of the Participant. 
 The benefit payable under this Section 4.02(b) shall be payable in equal or nearly equal monthly installments, or more frequently based on the
payroll practices of the Corporation and its Affiliates, commencing as of the first day of the month following the Participant’s death and ending with the payment for the month in which the Surviving Spouse dies. Payments of the benefit
described in this Section 4.02(b) shall be reduced in accordance with income and employment tax withholding requirements. Except as provided in this Section 4.02(b), no death benefit shall be payable under this Plan on behalf of a
Participant who dies after attaining age 55 but before the commencement of a retirement allowance under Article III. 
  

	4.03.	Death After Retirement  

 If a Participant
dies after the commencement of a retirement allowance under Article III, all payments from this Plan shall cease with the payment made for the month in which the Participant dies if the Participant was receiving a retirement allowance under this
Plan in the form of a single life annuity. If the Participant elected an optional form of payment as provided in Section 3.05 and dies after the commencement of a retirement allowance under Article III, the amount of benefit, if any, payable
under this Plan following the Participant’s death shall be determined on the basis of the optional form of payment selected by the Participant. 
 Article V 
 Vesting and Continuous Participation 
 No benefit will be payable to a Participant or Surviving Spouse under the Plan unless the Participant is a Participant on the date he ceases to be an
employee of the Corporation or an Affiliate or a successor. 
 Article VI 
 Administration of the Plan 
  

	6.01.	Generally 

 The Plan shall be administered by
the Administrator. Subject to the provisions of the Plan, the Administrator may adopt such rules and regulations as may be necessary to carry out the purposes of the Plan. The Administrator’s discretion to perform or consent to any act or to
interpret the Plan is exclusive and shall be final and conclusive if all similarly situated Participants are treated in a consistent manner. 
  

 -11- 

	6.02.	Indemnification  

 The Corporation shall
indemnify and save harmless the Administrator against any and all expenses and liabilities arising out of the administration of the Plan, excepting only expenses and liabilities arising out of his own willful misconduct. Expenses against which the
Administrator shall be indemnified hereunder shall include without limitation, the amount of any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in connection with a claim asserted, or a proceeding brought or
settlement of a claim. The foregoing right of indemnification shall be in addition to any other rights to which the Administrator may be entitled. 
  

	6.03.	Determining Benefits  

 In addition to the
powers hereinabove specified, the Administrator shall have the power to compute and certify the amount and kind of benefits from time to time payable to or on behalf of Participants under the Plan, to authorize all disbursements for such purposes,
and to determine whether a Participant or Surviving Spouse is entitled to a benefit under the Plan. 
  

	6.04.	Cooperation  

 To enable the Administrator to
perform its functions, the Corporation and its Affiliates shall supply full and timely information to the Administrator on all matters relating to the compensation of all Participants, their retirement, death or other reason for termination of
employment, and such other pertinent facts as the Administrator may require. 
  

	6.05.	Claims  

 It is not necessary to file a claim
in order to receive Plan benefits. 
 On receipt of a claim for Plan benefits, the Administrator must respond in writing within ninety
days. If necessary, the Administrator’s first notice must indicate any special circumstances requiring an extension of time for the Administrator’s decision. The extension notice must indicate the date by which the Administrator expects to
render a decision; an extension of time for processing may not exceed ninety days after the end of the initial period. 
 If a claim is
wholly or partially denied, the Administrator must give written notice within the time provided in the preceding paragraph. An adverse notice must specify each reason for denial. There must be specific reference to provisions of the Plan or related
documents on which the denial is based. If additional material or information is necessary for the claimant to perfect the claim, it must be described and there must be an explanation of why that material or information is necessary. Adverse notice
must disclose appropriate information about the steps that the claimant must take if he wishes to submit the claim for review. If notice that a claim has been denied is not furnished within the time required in the preceding paragraph, the claim is
deemed denied. 
 The full value of a payment made according to the provisions of the Plan satisfies that much of the claim and all
related claims under the Plan against the Administrator and the Corporation and its Affiliates, each of whom, as a condition to a payment from it or directed by it, may require the Participant, Surviving Spouse, beneficiary or contingent annuitant
or legal representative to execute a receipt and release of the claim in a form determined by the person requesting the receipt and release. 
  

 -12- 

	6.06.	Review of Claims  

 The Committee must review
a claimant’s proper written request for review of a denied claim. The Committee must receive the written request before sixty-one days after the claimant’s receipt of notice that a claim has been denied according to the preceding Plan
Section. The claimant and an authorized representative are entitled to be present and heard if any hearing is used as part of the review. 
 The Committee must determine whether there will be a hearing. Before any hearing, the claimant or a duly authorized representative may review all Plan documents and other papers that affect the claim and may submit issues and comments in
writing. The Committee must schedule any hearing to give sufficient time for this review and submission, giving notice of the schedule and deadlines for submissions. 
 The Committee must advise the claimant in writing of the final determination after review. The decision on review must be written in a manner calculated to be understood by the claimant, and it must include
specific reasons for the decision and specific references to the pertinent provisions of the Plan or related documents on which the decisions is based. Except as otherwise provided in this Section, the written advice must be rendered within sixty
days after the request for review is received, unless special circumstances require an extension of time for processing. If an extension is necessary, the decision must be rendered as soon as possible but no later than 120 days after receipt of the
request for review. If the Committee has regularly scheduled meetings at least quarterly, the following rules govern the time for the decision after review. If the claimant’s written request for review is received more than thirty days before a
Committee meeting, the decision of the Committee must be rendered at the next meeting after the request for review is received. If the claimant’s written request for review is received thirty days or less before a Committee meeting, the
decision of the Committee must be rendered at the Committee’s second meeting after the request for review has been received. If special circumstances (such as the need to hold a hearing) require an extension of time for processing, the decision
of the Committee must be rendered not later than the Committee’s third meeting after the request for review has been received. If an extension of time for review is required, written notice of the extension must be furnished to the claimant
before the extension begins. If notice that a claim has been denied on review is not received by the claimant within the time required in this paragraph, the claim is deemed denied on review. 
  

	6.07.	Delegation of Committee Responsibilities  

 The Committee, in its discretion, may delegate to one or more officers of the Corporation or an Affiliate all or part of the Committee’s authority and duties under the Plan; provided, however, that the Committee may not delegate its
authority or duties under Article II, Article VII or Section 6.06. The Committee may revoke or amend the terms of a delegation in accordance with the preceding sentence but such action shall not invalidate any prior actions of the
Committee’s delegate or delegates that were consistent with the terms of the Plan and the prior delegation. 
  

 -13- 

 Article VII 
 Termination, Amendment or Modification of Plan 
  

	7.01.	Reservation of Rights  

 Except as otherwise
specifically provided, the Corporation reserves the right to terminate, amend or modify this Plan wholly or partially at any time and from time to time. Such right to terminate, amend or modify the Plan shall be exercised by the Committee or its
delegate. Notwithstanding the preceding, with respect to an affected Participant, the Plan may not be amended, modified or terminated after a Change in Control unless the affected Participant agrees to such amendment, modification or termination in
writing. 
  

	7.02.	Limitation on Actions  

 The rights of the
Corporation set forth in the preceding Section are subject to the condition that unless required by regulatory authorities governing the Corporation or its Affiliates, the Committee or its delegate shall take no action to terminate the Plan or
decrease the benefit that would become payable or is payable, as the case may be, with respect to a Participant or his Surviving Spouse after the Participant has satisfied the requirements for an Early Retirement Allowance (regardless of whether he
has retired) or the Participant or his Surviving Spouse has become entitled to a benefit under the Plan. 
  

	7.03.	Effect of Termination  

 Except as otherwise
provided in this Article VII, upon the termination of this Plan by the Committee, the Plan shall be of no further force or effect, and neither the Corporation or its Affiliates or the Administrator nor the Participant or his Surviving Spouse shall
have any further obligation or right under this Plan. Likewise, except as otherwise provided in this Article VII, the rights of any individual who was a Participant and who ceases to be a Participant shall be forfeited on the date that the
individual ceases to be a Participant. 
 Article VIII 
 Miscellaneous 
  

	8.01.	Limitation on Benefits  

  

	 	(a)	If any benefits payable under this Plan and any other payments that the Participant is entitled to receive under other plans and agreements constitute Parachute Payments that are
subject to the “golden parachute” rules of Code section 280G and the excise tax of Code section 4999, the Parachute Payments shall be reduced if, and only to the extent that, a reduction will allow the Participant to receive a greater Net
After Tax Amount than he would receive absent a reduction. The remaining provisions of this Section describe how that intent will be effectuated. 

  

	 	(b)	The Accounting Firm will first determine the amount of any Parachute Payments that are payable to the Participant. The Accounting Firm will also determine the Net After Tax
Amount attributable to the Participant’s total Parachute Payments. 

  

 -14- 

	 	(c)	The Accounting Firm will next determine the amount of the Participant’s Capped Parachute Payments. Thereafter, the Accounting Firm will determine the Net After Tax Amount
attributable to the Participant’s Capped Parachute Payments. 

  

	 	(d)	The Participant will receive the total Parachute Payments unless the Accounting Firm determines that the Capped Parachute Payments will yield the Participant a higher Net After
Tax Amount, in which case the Participant will receive the Capped Parachute Payments. If the Participant will receive the Capped Parachute Payments, the Participant’s total Parachute Payments will be adjusted by first reducing the amount
payable under any other plan, program, or agreement that, by its terms, requires a reduction to prevent a “golden parachute” payment under Code section 280G; by next reducing any benefit payable under this Plan to the extent such benefit
is a Parachute Payment; and by next reducing the Participant’s Parachute Payments as provided under the terms of the Crestar Financial Corporation Executive Severance Plan and, effective July 19, 1998, thereafter by reducing Parachute
Payments payable under other plans and agreements (with the reductions first coming from cash benefits and then from noncash benefits). The Accounting Firm will notify the Participant and the Corporation if it determines that the Parachute Payments
must be reduced to the Capped Parachute Payments and will send the Participant and the Corporation a copy of its detailed calculations supporting that determination. 

  

	 	(e)	As a result of any uncertainty in the application of Code sections 280G and 4999 at the time that the Accounting Firm makes its determinations under this Section, it is possible
that amounts will have been paid or distributed to the Participant that should not have been paid or distributed under this Section 8.01 (“Overpayments”), or that additional amounts should be paid or distributed to the Participant
under this Section 8.01 (“Underpayments”). If the Accounting Firm determines, based on either controlling precedent, substantial authority or the assertion of a deficiency by the Internal Revenue Service against the Participant or the
Corporation, which assertion the Accounting Firm believes has a high probability of success, that an Overpayment has been made, then the Participant shall have an obligation to pay the Corporation upon demand an amount equal to the sum of the
Overpayment plus interest on such Overpayment at the prime rate of Crestar Bank (or its successor) as such prime rate shall change from time to time (or, if higher, the rate provided in Code section 7872(f)(2)) from the date of the
Participant’s receipt of such Overpayment until the date of such repayment; provided, however, the Participant shall not be obligated to make such repayment if, and only to the extent, that the repayment would either reduce the amount on which
the Participant is subject to tax under Code section 4999 or generate a refund of tax imposed under Code section 4999. If the Accounting Firm determines, based upon controlling precedent or substantial authority, that an Underpayment has occurred,
the Accounting Firm will notify the Participant and the Corporation of that determination and the Corporation will pay the amount of that Underpayment to the Participant promptly in a lump sum, with interest calculated on such Underpayment at the
prime rate of Crestar Bank (or its successor) as such prime rate shall change from time to time (or, if higher, the rate provided in Code section 7872(f)(2)) from the date such Underpayment should have been paid until actual payment.

  

	 	(f)	All determinations made by the Accounting Firm under this Section 8.01 are binding on the Participant and the Corporation and must be made within thirty days after the
Participant’s termination of employment with the Corporation and its Affiliates. 

  

 -15- 

	 	(g)	Effective July 19, 1998, this Section 8.01 shall not apply to a Participant who has entered into an agreement with the Corporation or an Affiliate that includes an
indemnity by the Corporation or an Affiliate for any liability that the Participant may incur under Code section 4999 or any liability that the Participant may incur on account of such indemnification payment. 

  

	8.02.	Unfunded Plan  

 The Corporation and its
Affiliates have only a contractual obligation to make payments of the benefits described in the Plan. All benefits are to be satisfied solely out of the general corporate assets of the Corporation and its Affiliates which shall remain subject to the
claims of its creditors. No assets of the Corporation or its Affiliates will be segregated or committed to the satisfaction of its obligations to any Participant or Surviving Spouse under this Plan. If the Corporation or an Affiliate, in its sole
discretion, elects to purchase life insurance on the life of a Participant in connection with the Plan, the Participant must submit to a physical examination, if required by the insurer, and otherwise cooperate in the issuance of such policy or his
rights under the Plan will be forfeited. 
  

	8.03.	Other Benefits and Agreements  

 The
benefits, if any, provided for a Participant or a Surviving Spouse under the Plan are in addition to any other benefits available to such persons under any other plan or program of the Corporation for its employees, and, except as may otherwise be
expressly provided for, the Plan shall supplement and shall not supersede, modify or amend any other plan or program of the Corporation or an Affiliate in which a Participant is participating. 
  

	8.04.	Restrictions on Transfer of Benefits  

 No
right or benefit under the Plan shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void. No right or benefit hereunder shall in any manner be liable for or subject to the
debts, contracts, liabilities, or torts of the person entitled to such benefit. If any Participant or his Surviving Spouse should become bankrupt or attempt to anticipate, alienate, sell, assign, pledge, encumber or charge any right to a benefit
hereunder, then such right or benefit, in the discretion of the Administrator, shall cease and terminate, and, in such event, the Administrator may hold or apply all or part of the benefit of such Participant or Surviving Spouse in such manner and
in such portion as the Administrator may deem proper. 
  

	8.05.	No Guarantee of Employment  

 The Plan does
not in any way limit the right of the Corporation or an Affiliate at any time and for any reason to terminate the Participant’s employment or such Participant’s status as an officer of the Corporation or an Affiliate. In no event shall the
Plan by its terms or implications constitute an employment contract of any nature whatsoever between the Corporation or an Affiliate and a Participant. 
  

 -16- 

	8.06.	Successors  

 The Plan shall be binding upon
the Corporation and its successors and assigns; subject to the powers set forth in Article VII, and upon a Participant and his Surviving Spouse and either of their assigns, heirs, executors and administrators. 
  

	8.07.	Construction  

 Headings are given for ease
of reference and must be disregarded in interpreting the Plan. Masculine pronouns wherever used shall include feminine pronouns and the use of the singular shall include the plural. 
  

	8.08.	Governing Law  

 This Plan shall be governed
by the laws of the Commonwealth of Virginia (other than its choice-of-laws provisions) except to the extent that the laws of the Commonwealth of Virginia are preempted by the laws of the United States. 
 ARTICLE XIX 
 SUCCESSOR IN
INTEREST 
 Effective as of December 31, 1998, Crestar Financial Corporation (“Crestar”) was merged into a wholly owned subsidiary
of SunTrust Banks, Inc. (“SunTrust”) and Crestar and its affiliates became part of the SunTrust controlled group. For purposes of this Plan, a “change in control” occurred upon the date the merger agreement between Crestar and
SunTrust was signed, July 10, 1998. Upon the “change in control” and after the actual merger, SunTrust has continued to honor the provisions of this Plan and has paid benefits when and as they have become due. Several Crestar
executives were subject to benefit cutbacks as provided by this Plan and their agreements are attached to this Plan as exhibits. 
 The Plan as reflected
in this document contains the original document and all amendments adopted since then. When reviewing this document, and considering the period after December 31, 1998, Crestar Financial Corporation should be read to mean SunTrust Banks, Inc.
or its successor and Crestar Bank should be read to mean SunTrust Bank or its successor. Effective December 29, 1998, Crestar Bank became Plan sponsor of this Plan and all other plans funded through the Crestar Financial Corporation
Supplemental Executive Retirement Plans Trust, pursuant to actions of the Compensation Committee and the Board of Directors of Crestar. SunTrust Bank as successor to SunTrust Bank is now sponsor. 
 SunTrust has caused its duly authorized officer to sign this document on this 31st day of December 2008, to incorporate amendments made up to December 31,
2008, to the Crestar Financial Corporation Supplemental Executive Plan, which was originally effective and last restated as of January 1, 1995. 
  

			
	SUNTRUST BANKS, Inc.
		
	By	 	 
		
	Title	 	 

  

 -17- 

 Exhibit I-1 
 CRESTAR FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 Acknowledgment and Agreement 
 The undersigned
hereby acknowledge their understanding of and agreement to the following: 
  

	 	•	 	 For purposes of the Crestar Financial Corporation Supplemental Executive Retirement Plan (the “Plan”), a Change in Control occurred on July 20,
1998, when SunTrust Banks, Inc. (“SunTrust”) and Crestar Financial Corporation (“Crestar”) entered into an agreement pursuant to which Crestar became a wholly owned subsidiary of SunTrust. 

  

	 	•	 	 Section 8.01 of the Plan provides that a Participant’s Parachute Payments may be reduced if the Accounting Firm determines that Capped Parachute
Payments will yield the Participant a higher Net After Tax Amount, in which case, the Participant will receive the Capped Parachute Payments. 

  

	 	•	 	 The Accounting Firm is KPMG LLP. The Accounting Firm has determined that Capped Parachute Payments will yield a higher Net After Tax Amount to the undersigned
Participant and has provided a copy of its detailed calculations supporting that determination, attached hereto as Exhibit I. 

  

	 	•	 	 All determinations made by the Accounting Firm under Section 8.01 of the Plan are binding on the Participant and the Corporation.

  

	 	•	 	 Accordingly, the annual amount of the single life benefit payable under this Plan to the undersigned Participant beginning at age 55 will be reduced by $13,976.
Should the undersigned Participant receive his benefit in another form or as of another commencement date, the actuary for the Plan shall determine the appropriate actuarially equivalent reduction in the amount of the undersigned Participant’s
benefit payable from this Plan. 

 This Acknowledgment and Agreement is effective as of July 20, 1998. 
 PARTICIPANT 

	
	
	/Peter F. Nostrand/
	Peter F. Nostrand

  

			
	CRESTAR FINANCIAL CORPORATION
		
	By:	 	/Ross W. Dorneman/
		 	Ross W. Dorneman
	
	SUNTRUST BANKS, INC.
		
	By:	 	/Mary T. Steele/
		 	Mary T. Steele

  

 -18- 

 Exhibit I-2 
 CRESTAR FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 Acknowledgment and Agreement 
 The undersigned
hereby acknowledge their understanding of and agreement to the following: 
  

	 	•	 	 For purposes of the Crestar Financial Corporation Supplemental Executive Retirement Plan (the “Plan”), a Change in Control occurred on July 20,
1998, when SunTrust Banks, Inc. (“SunTrust”) and Crestar Financial Corporation (“Crestar”) entered into an agreement pursuant to which Crestar became a wholly owned subsidiary of SunTrust. 

  

	 	•	 	 Section 8.01 of the Plan provides that a Participant’s Parachute Payments may be reduced if the Accounting Firm determines that Capped Parachute
Payments will yield the Participant a higher Net After Tax Amount, in which case, the Participant will receive the Capped Parachute Payments. 

  

	 	•	 	 The Accounting Firm is KPMG LLP. The Accounting Firm has determined that Capped Parachute Payments will yield a higher Net After Tax Amount to the undersigned
Participant and has provided a copy of its detailed calculations supporting that determination, attached hereto as Exhibit I. 

  

	 	•	 	 All determinations made by the Accounting Firm under Section 8.01 of the Plan are binding on the Participant and the Corporation.

  

	 	•	 	 Accordingly, the annual amount of the single life benefit payable under this Plan to the undersigned Participant beginning at age 55 will be reduced by $5,761.
Should the undersigned Participant receive his benefit in another form or as of another commencement date, the actuary for the Plan shall determine the appropriate actuarially equivalent reduction in the amount of the undersigned Participant’s
benefit payable from this Plan. 

 This Acknowledgment and Agreement is effective as of July 20, 1998. 
  

			
	PARTICIPANT
	
	/James P. Breen/
	James P. Breen	 	

  

			
	CRESTAR FINANCIAL CORPORATION
		
	By:	 	/Ross W. Dorneman/
		 	Ross W. Dorneman

  

			
	SUNTRUST BANKS, INC.
		
	By:	 	/Mary T. Steele/
		 	Mary T. Steele

  

 -19- 

 Exhibit I-3 
 CRESTAR FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 Acknowledgment and Agreement 
 The undersigned
hereby acknowledge their understanding of and agreement to the following: 
  

	 	•	 	 For purposes of the Crestar Financial Corporation Supplemental Executive Retirement Plan (the “Plan”), a Change in Control occurred on July 20,
1998, when SunTrust Banks, Inc. (“SunTrust”) and Crestar Financial Corporation (“Crestar”) entered into an agreement pursuant to which Crestar became a wholly owned subsidiary of SunTrust. 

  

	 	•	 	 Section 8.01 of the Plan provides that a Participant’s Parachute Payments may be reduced if the Accounting Firm determines that Capped Parachute
Payments will yield the Participant a higher Net After Tax Amount, in which case, the Participant will receive the Capped Parachute Payments. 

  

	 	•	 	 The Accounting Firm is KPMG LLP. The Accounting Firm has determined that Capped Parachute Payments will yield a higher Net After Tax Amount to the undersigned
Participant and has provided a copy of its detailed calculations supporting that determination, attached hereto as Exhibit I. 

  

	 	•	 	 All determinations made by the Accounting Firm under Section 8.01 of the Plan are binding on the Participant and the Corporation.

  

	 	•	 	 Accordingly, the annual amount of the single life benefit payable under this Plan to the undersigned Participant beginning at age 55 will be reduced by $20,294.
Should the undersigned Participant receive his benefit in another form or as of another commencement date, the actuary for the Plan shall determine the appropriate actuarially equivalent reduction in the amount of the undersigned Participant’s
benefit payable from this Plan. 

 This Acknowledgment and Agreement is effective as of July 20, 1998. 
  

	
	PARTICIPANT
	
	/William G. Foster/
	William G. Foster

  

			
	CRESTAR FINANCIAL CORPORATION
		
	By:	 	/Ross W. Dorneman/
		 	Ross W. Dorneman
	
	SUNTRUST BANKS, INC.
		
	By:	 	/Mary T. Steele/
		 	Mary T. Steele

  

 -20-SunTrust Banks, Inc. ERISA Excess Retirement Plan

	2010	Restatement 

  
  

 
 Exhibit 10.9 
  
  
  
  
  
 SUNTRUST
BANKS, INC. 
  
 ERISA EXCESS RETIREMENT PLAN 
  
  
  
  
  
  
  
  
  
 AMENDED AND RESTATED EFFECTIVE AS OF 
 January 1, 2010 

 2010 Restatement 
  

 SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 
  
 TABLE OF CONTENTS 
  

									
	 	 	 	 	 	  	 	  	Page
			
	 ARTICLE 1
	 	ESTABLISHMENT AND PURPOSE	  	1
			
	 ARTICLE 2
	 	DEFINITIONS	  	1
				
		 	2.1	 	Actuarial Equivalent or Actuarially Equivalent	  	2
				
		 	2.2	 	Affiliate	  	2
				
		 	2.3	 	Annual Compensation Limit	  	2
				
		 	2.4	 	Annuity Option	  	2
				
		 	2.5	 	Beneficiary	  	2
				
		 	2.6	 	Beneficiary Designation Form	  	2
				
		 	2.7	 	Cause	  	3
				
		 	2.8	 	Code	  	3
				
		 	2.9	 	Committee	  	4
				
		 	2.10	 	Corporation	  	4
				
		 	2.11	 	Deferred Compensation Plan	  	4
				
		 	2.12	 	Disabled or Disability	  	4
				
		 	2.13	 	ERISA	  	4
				
		 	2.14	 	Excess Benefit	  	4
					
		 		 	(a)	  	Excess Plan Participant Before 2008 Receiving	  	
		 		 		  	Traditional Benefit	  	4
					
		 		 	(b)	  	Excess Plan Participant Before 2008 Receiving	  	
		 		 		  	PPA Benefit	  	5
					
		 		 	(c)	  	Excess Plan Participant After 2007 Receiving	  	
		 		 		  	Traditional Benefit	  	5
					
		 		 	(d)	  	Excess Plan Participant After 2007 Receiving	  	
		 		 		  	PPA Benefit	  	5
					
		 		 	(e)	  	Tier 1 Participants Receiving Excess Plan	  	
		 		 		  	Traditional Benefit	  	6
				
		 	2.15	 	Excess Plan PPA Benefit	  	6
				
		 	2.16	 	Excess Plan Traditional Benefit	  	6
				
		 	2.17	 	Frozen Excess Benefit	  	7

  

 i 

 2010 Restatement 
  

											
				
		 	2.18	 	Grandfathered Amounts	  	7
				
		 	2.19	 	Key Employee	  	7
				
		 	2.20	 	Key Employee Delay	  	7
				
		 	2.21	 	Normal Retirement Date	  	7
				
		 	2.22	 	Participant	  	7
				
		 	2.23	 	Plan	  	7
				
		 	2.24	 	Plan Year	  	7
				
		 	2.25	 	PPA Benefit	  	8
				
		 	2.26	 	Retirement Plan	  	8
				
		 	2.27	 	Separation from Service or Separates from Service	  	8
				
		 	2.28	 	SERP	  	8
				
		 	2.29	 	Subsequent Deferral Election	  	8
				
		 	2.30	 	Tier 1 Participant	  	8
				
		 	2.31	 	Traditional Benefit	  	8
				
		 	2.32	 	Vested Date	  	8
			
	 ARTILCE 3
	 	PARTICIPATION	  	8
				
		 	3.1	 	Committee Designation	  	8
				
		 	3.2	 	Committee Revocation	  	9
			
	 ARTICLE 4
	 	AMOUNT AND DISTRIBUTION OF EXCESS BENEFIT	  	9
				
		 	4.1	 	Amount of Excess Benefit	  	9
				
		 	4.2	 	Reductions	  	10
				
		 	4.3	 	Distributions	  	10
					
		 		 	(a)	 	Separation from Service	  	10
					
		 		 	(b)	 	Disability	  	10
				
		 	4.4	 	Key Employee Delay	  	10
				
		 	4.5	 	Distributions Upon Death	  	11
					
		 		 	(a)	 	Payment of Death Benefit	  	11
					
		 		 	(b)	 	Calculation of Pre-Retirement Death Benefit	  	11
						
		 		 		 	(1)	  	Excess Plan Participant Before 2008 Receiving Traditional Benefit	  	11
						
		 		 		 	(2)	  	Excess Plan Participant Before 2008 Receiving PPA Benefit	  	11
						
		 		 		 	(3)	  	Excess Plan Participant After 2007 Receiving Traditional Benefit	  	12

  

 ii 

 2010 Restatement 
  

											
						
		 		 		 	(4)	  	Excess Plan Participant After 2007 Receiving PPA Benefit	  	12
						
		 		 		 	(5)	  	Tier 1 Participants	  	12
				
		 	4.6	 	Special One-Time Election	  	13
				
		 	4.7	 	Subsequent Deferral Election	  	13
				
		 	4.8	 	Permitted Form of Payment Options	  	14
				
		 	4.9	 	Effect of Early Taxation	  	14
				
		 	4.10	 	Separation Before Vested Date	  	15
			
	 ARTICLE 5
	 	FORFEITURE	  	15
			
	 ARTICLE 6
	 	SOURCE OF BENEFIT PAYMENTS	  	15
			
	 ARTICLE 7
	 	NOT A CONTRACT OF EMPLOYMENT	  	15
			
	 ARTICLE 8
	 	NO ALIENATION OR ASSIGNMENT	  	16
			
	 ARTICLE 9
	 	ERISA	  	16
			
	 ARTICLE 10
	 	AMENDMENT AND TERMINATION	  	16
				
		 	10.1	 	Amendment or Termination	  	16
				
		 	10.2	 	Effect of Amendment or Termination	  	17
			
	 ARTICLE 11
	 	ADMINISTRATION	  	17
				
		 	11.1	 	General Administration	  	17
				
		 	11.2	 	Claims for Benefits	  	18
				
		 	11.3	 	Indemnification	  	18
			
	 ARTICLE 12
	 	MISCELLENEOUS	  	18
				
		 	12.1	 	Applicable Law	  	18
				
		 	12.2	 	Incapacity of Recipient	  	18
				
		 	12.3	 	Taxes	  	18
				
		 	12.4	 	Binding Effect	  	19
				
		 	12.5	 	Unclaimed Benefits	  	19
				
		 	12.6	 	Severability	  	19
				
		 	12.7	 	Construction	  	19
				
	 APPENDIX A
	 		 		  	A-1
				
	 APPENDIX B
	 		 		  	B-1

  

 iii 

 2010 Restatement 
  

 SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 
  
 AMENDED AND RESTATED 
 AS OF January 1, 2010 
  
  
 ARTICLE
1 
 Establishment and Purpose 
 SunTrust Banks, Inc. (the “Corporation”) hereby amends and restates the SunTrust Banks, Inc. ERISA Excess Retirement Plan (the “Plan”), effective as of January 1, 2010. This Plan was
originally effective as of August 13, 1996. The purpose of this Plan is to restore to certain executives of the Corporation and its Affiliates those retirement benefits that cannot be paid from the SunTrust Banks, Inc. Retirement Plan
(“Retirement Plan”) as a result of the limitations imposed by sections 401(a)(17) and 415 of the Internal Revenue Code of 1986, as amended (“Code”). 
 The Plan is amended and restated in this document, effective January 1, 2010. It is intended to comply with Code section 409A and official guidance issued thereunder (except with respect to amounts covered by
Appendix B). Notwithstanding anything herein to the contrary, this Plan shall be interpreted, operated and administered in a manner consistent with this intention. 
 ARTICLE 2 
 Definitions 
 All capitalized terms used in this Plan and not defined in this document (including an Appendix) shall have the same meaning as in the
Corporation’s Retirement Plan, as amended from time to time. The following capitalized terms will have the meanings set forth in this Article 2 whenever such capitalized terms are used throughout this Plan: 
  

	2.1	Actuarial Equivalent or Actuarially Equivalent means a form of benefit payment having an equivalent value computed in accordance with the actuarial assumptions then
in effect under the Retirement Plan for determining the value of such form of payment. 

  

	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. 

  

 1 

 2010 Restatement 
  

	2.3	Annual Compensation Limit means the maximum Compensation that may be used for a Plan Year under the Plan to compute a Participant’s Excess Benefit. For Plan Years
prior to 2006, the Annual Compensation Limit shall be $300,000. Effective for Plan Years beginning on and after January 1, 2006, for any Participant who retires or terminates employment with the Corporation and its Affiliates after
December 31, 2005, unless otherwise excepted by the Committee for a Tier 1 Participant, the Annual Compensation Limit shall be two (2) times the annual compensation limit for qualified plans under Code section 401(a)(17), as adjusted
annually for increases in the cost-of-living. 

  

	2.4	Annuity Option means one of the Actuarially Equivalent annuity forms set forth in Section 4.8(b). 

  

	2.5	Beneficiary means one or more persons or entities entitled to receive any benefits payable under this Plan at the Participant’s death. A Participant may name one or
more primary Beneficiaries and one or more secondary Beneficiaries. A Participant may revoke a Beneficiary designation by filing a new Beneficiary Designation Form or a written revocation with the Committee. If the Committee is not in receipt of a
properly completed Beneficiary Designation Form at the Participant’s death, or if none of the Beneficiaries named by the Participant survives the Participant or is in existence at the date of the Participant’s death, then the
Participant’s Beneficiary shall be the Participant’s estate. 

  

	2.6	Beneficiary Designation Form means the form that a Participant uses to name his Beneficiary or Beneficiaries for purposes of this Plan. 

  

	2.7	Cause means for purposes of this Plan and as determined by the Committee, in its sole discretion, one or more of the following actions that serves as the primary reason(s)
for the termination of the Participant’s employment with the Corporation or an Affiliate: 

  

	 	(a)        the Participant’s willful and continued failure to perform his job duties in a satisfactory manner after written notice
from the Corporation to Participant and a thirty (30) day period in which to cure such failure; 

  

	 	(b)        the Participant’s conviction of a felony or engagement in a dishonest act, misappropriation of funds, embezzlement,
criminal conduct or common law fraud; 

  

	 	(c)        the Participant’s material violation of the Code of Business Conduct and Ethics of the Corporation or the Code of Conduct
of an Affiliate; 

  

 2 

 2010 Restatement 
  

	 	(d)        the Participant’s engagement in an act that materially damages or materially prejudices the Corporation or an Affiliate or
the Participant’s engagement in activities materially damaging to the property, business or reputation of the Corporation or an Affiliate; or 

  

	 	(e)        the Participant’s failure and refusal to comply in any material respect with the current and any future amended policies,
standards and regulations of the Corporation, any Affiliate and their regulatory agencies, if such failure continues after written notice from the Corporation to the Participant and a thirty (30) day period in which to cure such failure, or the
determination by any such governing agency that the Participant may no longer serve as an officer of the Corporation or an Affiliate. 

  

	 	Notwithstanding anything herein to the contrary, if a Participant is subject to the terms of a change in control agreement with the Corporation (the “Change in Control
Agreement”) at the time of his termination of employment with the Corporation or an Affiliate, solely for purposes of such Participant’s benefits under the Plan, “Cause” shall have the meaning provided in the Change in Control
Agreement. 

  

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

  

	2.9	Committee means the Compensation Committee of the Board of Directors of the Corporation. 

  

	2.10	Corporation means SunTrust Banks, Inc. or any successor thereto. 

  

	2.11	Deferred Compensation Plan means the SunTrust Banks, Inc. Deferred Compensation Plan, as in effect from time to time, or its successor plan. 

  

	2.12	Disabled or Disability means a Participant is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the
Participant’s employer and, in addition, has begun to receive benefits under the Corporation’s Long-Term Disability Plan. 

  

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

  

 3 

 2010 Restatement 
  

	2.14	Excess Benefit means as of any date the benefit calculated under this Plan as the excess of the amount the Participant would have received under the Retirement Plan, from
the date of his participation in this Plan, had no federal tax code restrictions applied to the calculation of his Retirement Plan benefit, but applying the Annual Compensation Limit and subtracting the actual benefit the Participant is eligible to
receive from the Retirement Plan. The Excess Benefit is determined in accordance with the following rules for different categories of Participants. 

  

	 	(a)        Excess Plan Participant Before 2008 Receiving Traditional Benefit. A Participant in this Plan with an accrued Excess
Benefit at December 31, 2007, who accrues a benefit under the Retirement Plan after 2007 under the Traditional Benefit formula has an Excess Benefit in this Plan equal to the sum of: 

 (1)      his Frozen Excess Benefit, plus 
 (2)      his Excess Plan Traditional Benefit. 
  

	 	The Excess Plan Traditional Benefit is calculated using actual service and base salary (or benefits base), if applicable, each as recognized under the terms of the Retirement
Plan. 

  

	 	(b)        Excess Plan Participant Before 2008 Receiving PPA Benefit. A Participant in this Plan with an accrued Excess Benefit at
December 31, 2007, who accrues a benefit under the Retirement Plan after 2007 under the PPA Benefit formula has an Excess Benefit in this Plan equal to the sum of: 

 (1)      his Frozen Excess Benefit, plus 
 (2)      his Excess Plan PPA Benefit beginning January 1, 2008. 

	 	For purposes of this Section 2.14(b), if the Participant’s Compensation at the end of any Plan Year is less than the Annual Compensation Limit, both (1) the
amounts that would otherwise have been included in Compensation in such Plan Year but for being deferred under the Deferred Compensation Plan, and (2) the amount of any Mandatory Deferral (as defined in the SunTrust Banks, Inc. Deferred
Compensation Plan, as amended and restated from time to time) vesting in such Plan Year; will be included as eligible Compensation, up to the Annual Compensation Limit. Effective January 1, 2010, for purposes of this Section 2.14(b), for a
Participant who is named on Appendix A as eligible under this Section and who has Compensation at the end of the 2010 that is less than the Annual Compensation Limit (after applying the adjustment in the preceding sentence), the dollar amount
set forth by the Participant’s name in Appendix A as the value of Salary Shares will be included as eligible Compensation, up to the Annual Compensation Limit for that Plan Year. 

  

 4 

 2010 Restatement 
  

	 	(c)        Excess Plan Participant After 2007 Receiving Traditional Benefit. A Participant who enters this Plan after 2007 and who
accrues a benefit under the Retirement Plan after 2007 under the Traditional Benefit formula has an Excess Benefit based on the Traditional Benefit formula beginning on the date of the Participant’s commencement of participation in this Plan.
The Excess Benefit and the offset Retirement Plan benefit will be calculated using the Participant’s actual service earned beginning on the date of participation in this Plan and base salary (or benefits base, if applicable) earned both before
and after the date of participation in this Plan. 

  

	 	(d)        Excess Plan Participant After 2007 Receiving PPA Benefit. A Participant who enters this Plan after 2007 and who accrues
a benefit under the Retirement Plan after 2007 under the PPA Benefit formula has an Excess Plan PPA Benefit based on pay credits earned beginning on the date of the Participant’s commencement of participation in this Plan and total years of
vesting service with the Corporation and its Affiliates earned before, during and after participation in this Plan. The PPA Benefit offset which is used to calculate the Excess Plan PPA Benefit is also calculated using pay credits earned beginning
on the date of participation in this Plan and total years of vesting service. For purposes of this Section 2.14(d), if the Participant’s Compensation at the end of any Plan Year is less than the Annual Compensation Limit, both (1) the
amounts that would otherwise have been included in Compensation in such Plan Year but for being deferred under the Deferred Compensation Plan, and (2) the amount of any Mandatory Deferral vesting in such Plan Year; will be included as eligible
Compensation, up to the Annual Compensation Limit. Effective January 1, 2010, for purposes of this Section 2.14(d), for a Participant who is named on Appendix A as eligible under this Section and who has Compensation at the end of
the 2010 Plan Year that is less than the Annual Compensation Limit (after applying the adjustment in the preceding sentence), the dollar amount set forth by the Participant’s name in Appendix A as the value of Salary Shares will be
included as eligible Compensation, up to the Annual Compensation Limit for that Plan Year. 

  

	 	(e)        Tier 1 Participant Receiving Excess Plan Traditional Benefit. A Tier 1 Participant who began participating in this Plan
before 2008 and who accrues benefits under the Traditional Benefit formula under the Retirement Plan after 2007 has an Excess Benefit in this Plan based on the sum of the following: 

 (1)        his Frozen Excess Benefit, plus 
 (2)        his Excess Plan Traditional Benefit (adjusted, if applicable, for future pay
increases). 
  

 5 

 2010 Restatement 
  

	 	The Excess Plan Traditional Benefit is calculated using actual service and base salary (or benefits base), if applicable. The Annual Compensation Limit does not apply to Tier 1
Participants. 

  

	2.15	Excess Plan PPA Benefit means the Excess Benefit calculated under this Plan for periods of participation after the later of: (a) the date a Participant becomes
eligible to participate in this Plan; or (b) December 31, 2007, for a Participant whose Retirement Plan benefit accruing after such date is based on the PPA Benefit formula. 

  

	2.16	Excess Plan Traditional Benefit means the Excess Benefit calculated under this Plan for periods of participation after the later of: (a) the date a Participant
becomes eligible to participate in this Plan; or (b) December 31, 2007, for a Participant whose Retirement Plan benefit accruing after such date is based on the Traditional Benefit formula. 

  

	2.17	Frozen Excess Benefit means the Participant’s accrued benefit under this Plan as of December 31, 2007, based on the applicable formula under the Retirement Plan
as of that date, and which, if the formula so provides, will be increased by future pay increases after 2007. 

  

	2.18	Grandfathered Amounts mean Plan benefits that were earned and vested as of December 31, 2004 within the meaning of Code section 409A and pursuant to the terms of the
Plan in effect on October 3, 2004. Grandfathered Amounts are exempt from Code section 409A and subject to the distribution rules in effect under the Plan on October 3, 2004 and summarized in Appendix B. 

  

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

  

	2.20	Key Employee Delay means the period of delay in distribution set forth in Section 4.4. 

  

	2.21	Normal Retirement Date means for each Participant, his “normal retirement date” under the Retirement Plan, which is the later of five (5) Years of Vesting
Service or attainment of age sixty-five (65). 

  

 6 

 2010 Restatement 
  

	2.22	Participant means each executive of the Corporation or an Affiliate described in Article 3, who is designated by the Committee as eligible for the Plan.

  

	2.23	Plan means this SunTrust Banks, Inc. ERISA Excess Retirement Plan, as amended from time to time. 

  

	2.24	Plan Year means the calendar year. 

  

	2.25	PPA Benefit means the benefit under the Retirement Plan effective January 1, 2008 that is based on a cash balance formula providing pay credits and interest credits
to a Personal Pension Account. 

  

	2.26	Retirement Plan means the SunTrust Banks, Inc. Retirement Plan, as amended and restated effective as of January 1, 2008, and as subsequently amended, together with
all Appendices and Exhibits which may be attached to such document from time to time and are incorporated by reference, or its successor. 

  

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

  

	2.28	SERP means the SunTrust Banks, Inc. Supplemental Executive Retirement Plan, as amended and restated effective as of January 1, 2009, and as subsequently amended, or
its successor. 

  

	2.29	Subsequent Deferral Election means an election to change the form of payment of a Participant’s benefit under the Plan pursuant to Section 4.7.

  

	2.30	Tier 1 Participant means each Participant listed on Appendix A. 

  

	2.31	Traditional Benefit means the traditional defined benefit calculated under the Retirement Plan effective January 1, 2008, that is based on the 1% times base pay
formula. 

  

	2.32	Vested Date means the date a Participant becomes vested in his benefit under the Retirement Plan. 

  

 7 

 2010 Restatement 
  

 ARTICLE 3 
 Participation 
  

	3.1	Committee Designation. Each executive of the Corporation or an Affiliate who is designated by the Committee as eligible for Excess Benefits under this Plan will become a
Participant in this Plan and will remain a Participant until all such benefits are paid to or on behalf of such Participant in accordance with Article 4 or forfeited in accordance with Article 5. 

  

	3.2	Committee Revocation. The Committee in its absolute discretion may revoke any designation of participation at any time but no such revocation shall be applied
retroactively to deprive an individual of benefits accrued under this Plan to the date of such revocation. 

 ARTICLE 4

 Amount and Distribution 
 of Excess Benefit 
 The distribution provisions of this Article 4 shall apply only to amounts subject to Code section 409A. Distribution
rules applicable to the Grandfathered Amounts are summarized in Appendix B. 
  

	4.1	Amount of Excess Benefit. If a Participant terminates employment with the Corporation and all Affiliates on or after such Participant’s Vested Date, such
Participant’s Excess Benefit shall be determined as a lump sum amount as follows: (a) the Excess Plan PPA Benefit, if any, will be determined as of the date he or she terminates employment, and (b) the Excess Plan Traditional Benefit,
if any, will be determined as a lump sum that is the Actuarially Equivalent of the single life annuity payable as of the later of the date he or she terminates employment or attains age fifty-five (55) (taking into account the reductions under
Section 4.2 if the Participant terminates before his or her Normal Retirement Date). If any portion of the Excess Benefit is payable after the date of a Participant’s Separation from Service pursuant to Section 4.3(a) (including as a
result of the Key Employee Delay), interest shall accrue from the date of determination on such portion in the same manner and at the same rate as would accrue on the Personal Pension Account under the Retirement Plan until such amount is paid or
commences under this Article 4. 

  

	4.2	Reductions. The Excess Plan Traditional Benefit portion of the Excess Benefit, if any, payable to a Participant before his or her Normal Retirement Date will be determined
as if such Participant’s benefit under the Retirement Plan was payable as of the later of the date he or she terminates employment or attains age fifty-five (55) taking into account applicable early commencement reduction factors as used
under the Retirement Plan. 

  

 8 

 2010 Restatement 
  

	4.3	Distributions. Subject to Section 4.4 and absent any effective elections under Section 4.6 or 4.7, the Actuarially Equivalent present value of a
Participant’s vested Excess Benefit shall be distributed, as set forth below, in a lump sum payment upon the earlier of: (i) the date a Participant becomes Disabled; or (ii) the date a Participant Separates from Service.

  

	 	(a)        Separation from Service. In the event the Participant’s Separation from Service occurs first:

  

	 	(1)	If such Separation from Service occurs prior to the Participant’s attainment of age fifty-five (55), payment shall be made in the second month after the date the Participant
attains age fifty-five (55); or 

  

	 	(2)	If such Separation from Service occurs on or after the Participant’s attainment of age fifty-five (55), payment shall be made in the second month after the Participant
Separates from Service. 

  

	 	(b)        Disability. In the event a Participant’s Disability occurs first, payment shall be made in the month after the date
the Participant attains age sixty-five (65). 

  

	4.4	Key Employee Delay. Notwithstanding anything herein to the contrary, in the event that a Participant is a Key Employee as of the date of his or her Separation from
Service, any distributions to such Participant upon his or her Separation from Service shall not commence earlier than six (6) months following the date of such Separation from Service (or, if earlier, the date of the Participant’s death)
(the “Key Employee Delay”). Amounts payable to the Participant during such period of delay shall be accumulated and paid in the seventh month following the Participant’s Separation from Service (or, if earlier, in the month after the
Participant’s death). 

  

	4.5	Distributions Upon Death. 

  

	 	(a)        Payment of Death Benefit. Notwithstanding any provision in the Plan to the contrary, in the event of the death of the
Participant after his or her Vested Date and before any benefit payments under the Plan have been made to the Participant, the amount of the pre-retirement death benefit determined below in Section 4.5(b) will be distributed to the
Participant’s Beneficiary in a lump sum in the month after the date of the Participant’s death (provided that any payments that would occur before such month shall be paid as scheduled). In the event of the death of the Participant after
any benefit payments have been made in a form elected by the Participant under Sections 4.6 or 4.7, death benefits under the Plan will be payable to the Participant’s Beneficiary only to the extent provided under the form of distribution
elected by the Participant. 

  

 9 

 2010 Restatement 
  

	 	(b)        Calculation of Pre-Retirement Death Benefit. Effective January 1, 2008, for all Participants who are vested and die
before receiving any benefit payments under this Plan, the survivor benefit payable under this Plan based on the Excess Benefit other than Grandfathered Amounts shall be determined as follows: 

  

	 	(1)	Excess Plan Participant Before 2008 Receiving Traditional Benefit. The pre-retirement death benefit for the Participant described in Section 2.14(a) is a lump sum
equal to the Actuarial Equivalent of the monthly Excess Benefit which would have been payable to the Participant’s Beneficiary under a 50% joint and survivor annuity (a 100% joint and survivor annuity if the Participant began participating in
this Plan before August 13, 1996), as if the Participant had terminated immediately prior to death. If the benefit is payable before the Participant would have reached age sixty-five (65), it is reduced for early commencement in the same manner
as determined under the Retirement Plan for early retirement. 

  

	 	(2)	Excess Plan Participant Before 2008 Receiving PPA Benefit. The pre-retirement death benefit for the Participant described in Section 2.14(b) is the sum of two lump
sums. The first lump sum is equal to the Actuarial Equivalent of the monthly Frozen Excess Benefit which would have been payable to the Participant’s Beneficiary under a 50% joint and survivor annuity (a 100% joint and survivor annuity if the
Participant began participating in this Plan before August 13, 1996), as if the Participant had terminated immediately prior to death. The second lump sum is 100% of the Participant’s Excess Plan PPA Benefit. If the benefit is payable
before the Participant would have reached age sixty-five (65), the Frozen Excess Benefit is reduced for early commencement in the same manner as determined under the Retirement Plan for early retirement. The Excess Plan PPA Benefit is not reduced
for early commencement. 

  

	 	(3)	Excess Plan Participant After 2007 Receiving Traditional Benefit. The pre-retirement death benefit for the Participant described in Section 2.14(c) is a lump sum
equal to the Actuarial Equivalent of the monthly Excess Benefit which would have been payable to the Participant’s Beneficiary under a 50% joint and survivor annuity as if the Participant had terminated immediately prior to death. If the
benefit is payable before the Participant would have reached age sixty-five (65), it is reduced for early commencement in the same manner as determined under the Retirement Plan for early retirement. 

  

 10 

 2010 Restatement 
  

	 	(4)	Excess Plan Participant After 2007 Receiving PPA Benefit. The pre-retirement death benefit for the Participant described in Section 2.14(d) is equal to 100% of the
Excess Plan PPA Benefit. The Excess Plan PPA Benefit is not reduced for early commencement. 

  

	 	(5)	Tier 1 Participants. The pre-retirement death benefit for the Participant described in Section 2.14(e) is a lump sum equal to the Actuarial Equivalent of the monthly
Excess Benefit which would have been payable to the Participant’s Beneficiary under: (i) a 100% joint and survivor annuity, if the Participant began participating in this Plan before August 13, 1996; or (ii) a 100% joint and
survivor annuity for the Frozen Excess Benefit accrued through December 31, 2007 and a 50% joint and survivor annuity for any portion of the Excess Benefit accrued after 2007, if the Participant was a Crestar Rule of 60 Grandfathered
Participant (as defined in the Retirement Plan), or (iii) a 50% joint and survivor annuity; as if the Participant had terminated immediately prior to death. If the benefit is payable before the Participant would have reached age sixty-five
(65), it is reduced for early commencement in the same manner as determined under the Retirement Plan for early retirement. 

  

	4.6	Special One-Time Election. Notwithstanding any prior elections or Plan provisions to the contrary, a Participant who was an employee of the Corporation and its Affiliates
(including on a paid leave of absence) may have made an election to receive all or a specified portion of his or her Excess Benefit in any permitted form of payment provided in Section 4.8(b). Any such election must have become irrevocable on
or before December 31, 2008 and must have been made in accordance with the procedures and distribution rules established by the Committee and rules under Code section 409A. If elected, any benefit paid in a form other than a life only annuity
shall be Actuarially Equivalent to the life only annuity benefit that would have been paid to such Participant. 

  

	4.7	Subsequent Deferral Election. In addition to the requirements the Committee may establish, a Participant may make a Subsequent Deferral Election on or after
January 1, 2009 only if the following conditions are satisfied: 

  

	 	(a)        The election may not take effect until at least twelve (12) months after the date on which the election is made;

  

 11 

 2010 Restatement 
  

	 	(b)        In the case of an election to change the time or form of a distribution under Section 4.3, a distribution may not be made
earlier than at least five (5) years from the date the distribution would have otherwise been made; and 

  

	 	(c)        In the case of an election to change the time or form of a distribution related to a payment at a specified time or pursuant to
a fixed schedule, the election must be made at least twelve (12) months before the date the distribution is scheduled to be paid. 

  

	 	Any election (including changes solely among the Annuity Options) with respect to the form of payment under the Plan after the Participant’s third Subsequent Deferral
Election shall be null and void and have no force or effect. Notwithstanding anything herein to the contrary, a Subsequent Deferral Election solely to change the form of payment from one Annuity Option to another Annuity Option listed in
Section 4.8(b) shall not be subject to the conditions set forth in Sections 4.7(a)-(c) above. In the event any portion of the Excess Benefit is ultimately payable in a lump sum after the Participant made one or more Subsequent Deferral
Elections under this Section 4.7, interest shall accrue on such portion during the period commencing on the Participant’s Separation from Service and ending on the date of payment at the same rate as would accrue on the Personal Pension
Account under the Retirement Plan until such amount is paid or commences under this Article 4. 

  

	4.8	Permitted Form of Payment Options. Subject to the requirements of Sections 4.4, 4.6 and 4.7, the Participant may elect the manner in which his or her vested Excess Benefit
shall be paid from between the following options: 

  

	 	(a)        Lump sum; or 

  

	 	(b)        One of the following Annuity Options the payments under which shall be determined as the Actuarial Equivalent of the single
life annuity; provided, however, the options listed in (3) – (6) are only available on or after a Participant’s Earliest Retirement Date (as defined in the Retirement Plan): 

  

	 	(1)	single life annuity; 

	 	(2)	50% joint and survivor annuity; 

	 	(3)	75% joint and survivor annuity; 

	 	(4)	100% joint and survivor annuity; 

	 	(5)	10-Year Certain and Life; or 

	 	(6)	20-Year Certain and Life. 

  

 12 

 2010 Restatement 
  

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

  

	4.10	Separation Before Vested Date. Notwithstanding anything herein to the contrary, no benefit will be payable to or on behalf of a Participant who terminates employment with
the Corporation and all Affiliates before his Vested Date. 

 ARTICLE 5 
 Forfeiture 
 The Committee, in its sole
discretion, may make any payments under this Plan subject to forfeiture on such terms and conditions as the Committee deems appropriate under the circumstances to protect the interests of the Corporation. Further, if the Participant is terminated
from employment with the Corporation or one of its Affiliates for Cause, the Committee in its discretion may forfeit entirely any benefits payable under this Plan. Forfeiture under this Article 5 shall be in addition to any other remedies which may
be available to the Corporation or an Affiliate at law or in equity. 
 ARTICLE 6 
 Source of Benefit Payments 
 All benefits payable
under the terms of this Plan shall be paid by the Corporation from its general assets. No person shall have any right or interest or claim whatsoever to the payment of a benefit under this Plan from any person whomsoever other than the Corporation,
and no Participant or Beneficiary shall have any right or interest whatsoever to the payment of a benefit under this Plan which is superior in any manner to the right of any other general and unsecured creditor of the Corporation. 
 ARTICLE 7 
 Not a Contract of
Employment 
 Participation in this Plan does not grant to any individual the right to remain an employee of the Corporation or any Affiliate for any
specific term of employment or in any specific capacity or at any specific rate of compensation. 
  

 13 

 2010 Restatement 
  

 ARTICLE 8 
 No Alienation or Assignment 
 A Participant, a spouse or a Beneficiary under this Plan shall have no right or
power whatsoever to alienate, commute, anticipate or otherwise assign at law or equity all or any portion of any benefit otherwise payable under this Plan, and the Corporation shall have the right, in the event of any such action, to terminate
permanently the payment of benefits to, or on behalf of, any Participant, spouse or Beneficiary who attempts to do so. 
 ARTICLE 9 

 ERISA 
 The Corporation intends
that this Plan come within the various exceptions and exemptions to ERISA for a plan maintained for a “select group of management or highly compensated employees” as described in ERISA sections 201(2), 301(a) (3), and 401(a) (1), and any
ambiguities in this Plan shall be construed to affect that intent. 
 ARTICLE 10 
 Amendment and Termination 
  

	10.1	Amendment or Termination. The Corporation reserves the right to amend or terminate the Plan when, in the sole discretion of the Corporation, such amendment or termination
is advisable, pursuant to a resolution or other action taken by the Committee. The Plan may also be amended pursuant to a written instrument executed by the Corporation’s senior most human resources officer to the extent such amendment is
required under applicable law or is required to avoid having amounts deferred under the Plan included in the income of Participants or beneficiaries for federal income tax purposes prior to distribution. 

  

	 	Notwithstanding the foregoing, no amendment of the Plan shall apply to the Grandfathered Amounts, unless the amendment specifically provides that it applies to such amounts. The
purpose of this restriction is to prevent a Plan amendment from resulting in an inadvertent “material modification” under Code section 409A to the Grandfathered Amounts. 

  

	10.2	 Effect of Amendment or Termination. No amendment or termination of the Plan shall be applied retroactively to deprive a Participant of benefits accrued
under this Plan to the date of such amendment or termination. Upon termination of the Plan, distribution of Plan benefits shall be made to Participants and beneficiaries in the manner and at the time described in Article 4, unless the Corporation
determines in its sole discretion that all such

  

 14 

 2010 Restatement 
  

	 	 
amounts shall be distributed upon termination in accordance with the requirements under Code section 409A. Upon termination of the Plan, no further benefit accruals shall occur.

 ARTICLE 11 
 Administration 
  

	11.1	General Administration. The Committee shall be responsible for the operation and administration of the Plan and for carrying out the provisions hereof. The Committee shall
have the full authority and discretion to make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Plan and decide or resolve any and all questions, including interpretations of this Plan, as may arise
in connection with this Plan. Any such action taken by the Committee shall be final and conclusive on any party. To the extent the Committee has been granted discretionary authority under the Plan, the Committee’s prior exercise of such
authority shall not obligate it to exercise its authority in a like fashion thereafter. The Committee shall be entitled to rely conclusively upon all tables, valuations, certificates, opinions and reports furnished by any actuary, accountant,
controller, counsel or other person employed or engaged by the Corporation with respect to the Plan. The Committee may, from time to time, employ agents and delegate to such agents, including employees of the Corporation, such administrative or
other duties as it sees fit. The Committee also shall have the power to delegate the exercise of all or any part of such powers to such other person or persons as the Committee deems appropriate under the circumstances. 

  

	11.2	Claims for Benefits. The Committee shall adopt claims procedures in compliance with 29 C.F.R. § 2560.503-1, which shall be furnished automatically in a separate
document to the Participant, without charge, following a Participant’s request to the Committee, or its delegate. 

  

	11.3	Indemnification. The Corporation and its Affiliates (to the extent permissible under law and consistent with their 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, the Corporation or any Affiliate 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. 

  

 15 

 2010 Restatement 
  

 ARTICLE 12 
 Miscellaneous 
  

	12.1	Applicable Law. This Plan will be construed in accordance with the laws of the State of Georgia (without regard to its choice-of-law rules) except to the extent superseded
by federal law. 

  

	12.2	Incapacity of Recipient. If any person entitled to a distribution under the Plan is deemed by the Committee to be incapable of personally receiving and giving a valid
receipt for such payment, then, unless and until a claim for such payment shall have been made by a duly appointed guardian or other legal representative of such person, the Committee may provide for such payment or any part thereof to be made to
any other person or institution then contributing toward or providing for the care and maintenance of such person. Any such payment shall be a payment for the account of such person and a complete discharge of any liability of the Corporation and
the Plan with respect to the payment. 

  

	12.3	Taxes. The Corporation or other payor may withhold from a benefit payment under the Plan or a Participant’s wages in order to meet any federal, state, or local tax
withholding obligations with respect to Plan benefits. The Corporation or other payor may also accelerate and pay a portion of a Participant’s benefits in a lump sum equal to the Federal Insurance Contributions Act (“FICA”) tax
imposed and the income tax withholding related to such FICA amounts. The Corporation or other payor shall report Plan payments and other Plan-related information to the appropriate governmental agencies as required under applicable laws.

  

	12.4	Binding Effect. This Plan shall be binding upon and inure to the benefit of any successor of the Corporation and any successor shall be deemed substituted for the
Corporation under this Plan and shall assume the rights, obligations and liabilities of the Corporation hereunder and be obligated to perform the terms and conditions of this Plan. As used in this Plan, 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 the Corporation. 

  

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

  

 16 

 2010 Restatement 
  

	12.6	Severability. In the event any provision of the Plan shall be held invalid or illegal for any reason, any illegality or invalidity shall not affect the remaining parts of
the Plan, but the Plan shall be construed and enforced as if the illegal or invalid provision had never been inserted. 

  

	12.7	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. 

 Executed this
                     day of
                                         
           , 2008. 
  

									
	Attest:	 		 	SunTrust Banks, Inc.
					
	By:	 	 	 		 	By:	 	 
					
	Title:	 	 	 		 	Title:	 	 

  

 17 

 2010 Restatement 
  

 APPENDIX A 
 SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 
 Amended and Restated as of January 1, 2010 
 Tier 1 Participants 
 Each of the following shall be a Tier 1 Participant: 
  

	 	1)	James M. Wells III 

  

	 	2)	L. Phillip Humann 

  
 Section 2.14(b) and (d), Salary Shares as Base Pay 
 Each Participant named in the
table below who receives Salary Shares in 2010 as part of his base pay shall have the dollar amount set forth by his name included as part of his base pay for 2010, to the extent allowed by the last sentence in Section 2.14(b) or the last
sentence in Section 2.14(d). The Plan shall not recognize any additional amount of, or value for, Salary Shares. 
  

			
	Name	  	 Value of Salary Shares
 to be Included as Part of 2010 Base Pay

	 Mark A. Chancy

  
	  	 $504,000
  

	 David F. Dierker

  
	  	   340,200
  

	 Timothy E.
Sullivan
  
	  	   438,442
  

	 Thomas E.
Freeman
  
	  	   427,500
  

	 Raymond D.
Fortin
  
	  	   229,005
  

	 	 
	 	  	 

  

 A-1 

 2010 Restatement 
  

 APPENDIX B 
 SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 
 Amended and Restated as of January 1, 2010 
  
  
 Grandfathered Amounts 
 Distribution of Grandfathered Amounts shall be made in accordance with the Plan terms as in effect on October 3, 2004 (the “Grandfathered Terms”) and
as summarized in this Appendix B. Capitalized terms used in this Appendix B, but not defined herein, will have the same meaning as defined by the Plan in effect on October 3, 2004. 
  

	B.1	Timing and Amount. 

  

	 	(a)	Normal or Delayed Retirement Benefit. If a Participant terminates employment with the Corporation and all Affiliates on or after such Participant’s Normal Retirement
Date, the entire vested benefit, if any, to which such Participant is entitled under this Plan automatically, will be paid to such Participant in the form described in Section B.2 beginning as soon as practicable following the date such Participant
terminates employment with the Corporation and all Affiliates. 

  

	 	(b)	Early Retirement Benefit. 

  

	 	(1)	General. If a Participant terminates employment with the Corporation and all Affiliates on or after such Participant’s Vested Date but before his or her Normal
Retirement Date, such Participant’s entire vested Excess Benefit, if any, will be determined (taking into account the reductions under Section B.1(b)(2)) as of the date he or she terminates employment. The benefit automatically will be paid to
the Participant beginning as of the first day of the month coinciding with or next following the date he or she terminates employment; however, 

  

	 	(i)	if a Participant terminates employment after his or her Vested Date but before his or her earliest “early retirement date” under the Retirement Plan, payment
automatically will be made at his or her earliest “early retirement date” under the Retirement Plan, and 

  

 B-1 

 2010 Restatement 
  

	 	(ii)	if a Participant is eligible for a “disability retirement benefit” (as described in the Retirement Plan), payment of his or her vested Excess Benefit automatically will
be paid or begin to be paid at the same time as his or her disability retirement benefit under the Retirement Plan. 

  

	 	(2)	Reductions. The Excess Benefit, if any, payable to a Participant before his or her Normal Retirement Date will be determined as if such Participant’s benefit under
the Retirement Plan was payable on the date as of which his or her Excess Benefit is paid under Section B.1(b)(1) taking into account applicable early commencement reduction factors under the Retirement Plan. 

  

	 	(c)	Termination Before Vested Date. No benefit will be payable to or on behalf of a Participant who terminates employment with the Corporation and all Affiliates before his or
her Vested Date. 

  

	B.2	Form of Benefit.  

  

	 	(a)	Normal Form. Except as provided in Section B.2(b), a Participant’s vested Excess Benefit will be paid in a lump sum benefit which is Actuarially Equivalent to the
benefit that would have been paid to such Participant in the form of a life only annuity. 

  

	 	(b)	Other Benefit Forms. A Participant may make a written election to have his or her entire vested Excess Benefit paid in any form of benefit available under the Retirement
Plan and such Excess Benefit shall be paid in the form specified in the Participant’s most recent election; provided, however, that such an election shall not be effective unless made at least one year before his or her Excess Benefit is paid
under this Plan. If an election is not effective, the Excess Benefit shall be paid in a lump sum. Any benefit paid in a form other than a life only annuity shall be Actuarially Equivalent to the benefit that would have been paid to such Participant
in the form of a life only annuity. 

  

 B-2 

 2010 Restatement 
  

	B.3	Survivor Benefit.  

  

	 	(a)	General. If a Participant dies before he or she terminates employment with the Corporation and all Affiliates and, as a result of his or her death, a survivor benefit is
payable on behalf of such Participant under the Retirement Plan, then a survivor income benefit automatically will be payable on such deceased Participant’s behalf under this Plan to the person who is the Participant’s designated
beneficiary as specified, or, in the absence of such written designation or in its ineffectiveness, then to his or her estate. 

  

	 	(b)	Annuity Basis. 

  

	 	(1)	Exhibit A. For all Participants listed on Exhibit A under the Grandfathered Terms, the survivor benefit payable under this Plan shall be equivalent to the excess of A over
B below, where 

  

	 	A =	the monthly survivor benefit that would be payable to such spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan if the benefit
under the Retirement Plan was not limited by Code section 401(a)(17) or section 415 and the Participant had selected a 100% joint and survivor annuity which is Actuarially Equivalent to the life only annuity, and 

  

	 	B =	the monthly survivor benefit that actually would be payable to the spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan if the
benefit had been paid in a 100% joint and survivor annuity taking into account the limitations under Code section 401(a)(17) and section 415. 

  

 B-3 

 2010 Restatement 
  

	 	(2)	Other Participants. For all other Participants, the survivor benefit payable under this Plan shall be equivalent to the excess of A over B below, where

  

	 	A =	the monthly survivor benefit that would be payable to such spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan if the benefit
under the Retirement Plan was not limited by Code section 401(a)(17) or section 415 and 

  

	 	B =	the monthly survivor benefit that actually would be payable to such spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan taking
into account the limitations under Code section 401(a)(17) and section 415. 

  

	 	(3)	Reductions and Assumptions. If the survivor benefit is paid before the date the Participant would have reached his or her Normal Retirement Date, the benefit described in
this Section B.3(b) above will be reduced using the factors then in effect to reduce early retirement benefits under the Retirement Plan. Further, any survivor benefit payable under this Section B.3 shall be reduced by the Actuarial Equivalent value
of any survivor benefits payable to a Participant under a Special Survivor Benefit under the SERP. Finally, a survivor benefit payable to a non-spouse beneficiary will be calculated based on the assumption that the beneficiary is the same age as the
Participant was at his or her death. 

  

	 	(c)	Form of Benefit. The survivor benefit will be paid in a lump sum that is Actuarially Equivalent to the monthly benefit determined under Section B.3(b).

  

	 	(d)	Timing. The survivor benefit will be paid as soon as practicable after the Participant’s death. 

  

 B-4 

 2010 Restatement 
  

	 	(e)	No Post-Retirement Survivor Benefits. No survivor benefit will be paid on behalf of a Participant who dies after he or she begins receiving benefits under this Plan except
to the extent such survivor benefit is payable under the form of benefit being paid to the Participant at his or her death. 

  

	B.4	Administration, Amendment and Termination. 

 The Committee
shall have all powers necessary to administer this Plan, to amend this Plan from time to time in any respect whatsoever and to terminate this Plan at any time; provided, however, that any such amendment or termination shall not be applied
retroactively to deprive a Participant of benefits accrued under this Plan to the date of such amendment or termination. The Committee also shall have the power to delegate the exercise of all or any part of such powers to such other person or
persons as the Committee deems appropriate under the circumstances. This Plan shall be binding on any successor in interest to the Corporation. 
  

 B-5

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