Document:

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                                                                   Exhibit 4.9.2

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                          _____ SUPPLEMENTAL INDENTURE

                                     BETWEEN

                              SUNTRUST BANKS, INC.

                                       AND

                                 BANK ONE, N.A.

                          DATED AS OF __________ _____

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                                TABLE OF CONTENTS

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                                                                                                       PAGE
                                                          ARTICLE I
                                                         DEFINITIONS
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Section 1.1. Definition of Terms.........................................................................1

                                                          ARTICLE II
                                        GENERAL TERMS AND CONDITIONS OF THE DEBENTURES

Section 2.1. Designation and Principal Amount............................................................4
Section 2.2. Maturity....................................................................................4
Section 2.3. Form and Payment............................................................................4
Section 2.4. Global Debenture............................................................................5
Section 2.5. Interest....................................................................................6

                                                         ARTICLE III
                                                 REDEMPTION OF THE DEBENTURES

Section 3.1. Tax Event Redemption........................................................................7
Section 3.2. Capital Treatment Event of Redemption.......................................................7
Section 3.3. Investment Company Event of Redemption......................................................7
Section 3.4. Optional Redemption by Company..............................................................8
Section 3.5. No Sinking Fund.............................................................................8

                                                          ARTICLE IV
                                             EXTENSION OF INTEREST PAYMENT PERIOD

Section 4.1. Extension of Interest Payment Period........................................................8
Section 4.2. Notice of Extension.........................................................................9

                                                          ARTICLE V
                                                           EXPENSES

Section 5.1. Payment of Expenses.........................................................................9
Section 5.2. Payment Upon Resignation or Removal........................................................10

                                                          ARTICLE VI
                                                      FORM OF DEBENTURE

Section 6.1. Form of Debenture..........................................................................10
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                                                         ARTICLE VII
                                                 ORIGINAL ISSUE OF DEBENTURES

Section 7.1. Original Issue of Debentures...............................................................10

                                                         ARTICLE VIII
                                                          COVENANTS

Section 8.1. Limitation on Dividends....................................................................10
Section 8.2. Covenants as to the Trust..................................................................11

                                                          ARTICLE IX
                                                        MISCELLANEOUS

Section 9.1. Ratification of Indenture..................................................................11
Section 9.2. Acknowledgment of Rights...................................................................11
Section 9.3. Direction of Proceedings and Waiver of Defaults by Majority of Holders.....................12
Section 9.4. Debt Trustee Not Responsible for Recitals..................................................13
Section 9.5. Governing Law..............................................................................13
Section 9.6. Separability...............................................................................13
Section 9.7. Counterparts...............................................................................13
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                                      ii
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         _____ SUPPLEMENTAL INDENTURE, dated as of ____________________ (the
"_____ SUPPLEMENTAL INDENTURE"), between SunTrust Banks, Inc., a Georgia
corporation (the "COMPANY"), and Bank One, N.A., as trustee (the "DEBT
TRUSTEE"), under the Indenture dated as of November __, 2001 between the Company
and the Debt Trustee (the "INDENTURE").

         WHEREAS, the Company executed and delivered the Indenture to the Debt
Trustee to provide for the future issuance of the Company's unsecured
subordinated debt securities to be issued from time to time in one or more
series as might be determined by the Company under the Indenture, in an
unlimited aggregate principal amount which may be authenticated and delivered as
provided in the Indenture;

         WHEREAS, pursuant to the terms of the Indenture, the Company desires to
provide for the establishment of a new series of its Debt Securities to be known
as its ____% ____________________ (the "DEBENTURES"), the form and substance of
such Debentures and the terms, provisions and conditions thereof to be set forth
as provided in the Indenture and this _____ Supplemental Indenture;

         WHEREAS, SunTrust Capital __, a Delaware statutory business trust (the
"TRUST"), has offered to the public $___________ aggregate liquidation amount of
its _____% _________________ (the "PREFERRED SECURITIES"), representing
beneficial ownership interests in the assets of the Trust, and proposes to
invest the proceeds from such offering, together with the proceeds of the
issuance and sale by the Trust to the Company of $____________ aggregate
liquidation amount of its Common Securities, in the Debentures; and

         WHEREAS, the Company has requested that the Debt Trustee execute and
deliver this _____ Supplemental Indenture pursuant to Sections 2.03 and 9.01 of
the Indenture and all requirements necessary to make this _____ Supplemental
Indenture a valid and binding instrument in accordance with its terms, and to
make the Debentures, when executed by the Company and authenticated and
delivered by the Debt Trustee, the valid and binding obligations of the Company,
have been performed, and the execution and delivery of this _____ Supplemental
Indenture has been duly authorized in all respects:

         NOW THEREFORE, in consideration of the purchase of the Debentures by
the Holders thereof, and for the purpose of setting forth, as provided in the
Indenture, the form and substance of the Debentures and the additional terms,
provisions and conditions thereof, the Company covenants and agrees with the
Debt Trustee as follows:

                                   ARTICLE I
                                   DEFINITIONS

         SECTION 1.1. DEFINITION OF TERMS.

         Unless the context otherwise requires:

         (a)      a term defined in the Indenture has the same meaning when used
in this _____ Supplemental Indenture;

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                                                                               2

         (b)      a term defined anywhere in this _____ Supplemental Indenture
has the same meaning throughout;

         (c)      the singular includes the plural and vice versa;

         (d)      a reference to a Section or Article is to a Section or Article
of this _____ Supplemental Indenture;

         (e)      headings are for convenience of reference only and do not
affect interpretation;

         (f)      the following terms have the meanings given to them in the
Declaration: Business Day; Clearing Agency; Common Securities; Delaware Trustee;
Direct Action; Distribution; Federal Reserve Board; Preferred Securities;
Preferred Securities Guarantee; Preferred Security Certificate; Property
Account, Regular Trustees; and Underwriting Agreement;

         (g)      the following terms have the meanings given to them in this
Section 1.1(g):

                  "ADDITIONAL SUMS" shall have the meaning set forth in Section
         2.5(e).

                  "CAPITAL TREATMENT EVENT" means the reasonable determination
         by the Company that, as a result of (i) any amendment to, or change
         (including any announced proposed change) in, the laws or regulations
         of the United States or any political subdivision thereof or therein or
         other governmental agency or regulatory authority, or (ii) any official
         administrative pronouncement or action or judicial decision
         interpreting or applying such laws or regulations, which, in case of
         either clause (i) or (ii), is effective or is announced on or after
         ______________________, there is more than an insubstantial risk that
         the Company will not be entitled to treat an amount equal to the
         liquidation amount of the Preferred Securities as "Tier 1 Capital" (or
         the then equivalent thereof) under the risk-based capital adequacy
         guidelines of the Federal Reserve Board, as then in effect and
         applicable to the Company.

                  "COMPOUNDED INTEREST" shall have the meaning set forth in
         Section 4.1.

                  "DEBENTURES" shall have the meaning set forth in the preamble
         of this _____ Supplemental Indenture.

                  "DECLARATION" means the Amended and Restated Declaration of
         Trust of the Trust, dated as of ______________________, as amended from
         time to time.

                  "DEFERRED INTEREST" shall have the meaning set forth in
         Section 4.1.

                  "DEPOSITARY", with respect to the Debentures, means The
         Depository Trust Company or such other successor Clearing Agency for
         the Preferred Securities.

                  "DISSOLUTION EVENT" means the liquidation of the Trust
         pursuant to the Declaration and the distribution of the Debentures held
         by the Institutional Trustee to the holders of the Trust Securities
         issued by the Trust pro rata in accordance with the Declaration.

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                                                                               3

                  "EXTENSION PERIOD" shall have the meaning set forth in Section
         4.1.

                  "GLOBAL DEBENTURE" shall have the meaning set forth in Section
         2.4(a)(i).

                  "INTEREST PAYMENT DATE" shall have the meaning set forth in
         Section 2.5(d).

                  "INTEREST PERIOD" means each period beginning on, and
         including, ___________________, and ending on, but excluding, the first
         Interest Payment Date, and each successive period beginning on, and
         including, an Interest Payment Date and ending on, but excluding, the
         next succeeding Interest Payment Date.

                  "INVESTMENT COMPANY" means an investment company as defined in
         the Investment Company Act.

                  "INVESTMENT COMPANY ACT" means the Investment Company Act of
         1940, as amended from time to time, or any successor legislation.

                  "INVESTMENT COMPANY EVENT" means that the Trust shall have
         received an opinion of counsel experienced in practice under the
         Investment Company Act which states that, as a result of the occurrence
         of an amendment to, or change (including any announced proposed change)
         in, the laws or regulations of the United States or any political
         subdivision thereof or therein or any other governmental agency or
         regulatory authority (a "Change in 1940 Act Law"), there is more than
         an insubstantial risk that the Trust is or will be considered an
         Investment Company which is required to be registered under the
         Investment Company Act, which Change in 1940 Act Law becomes effective
         on or after ____________________.

                  "MATURITY DATE" shall mean ____________________.

                  "NON BOOK-ENTRY PREFERRED SECURITIES" shall have the meaning
         set forth in Section 2.4(a)(ii).

                  "OTHER GUARANTEES" means all guarantees issued or to be issued
         by the Company with respect to capital securities (if any) and issued
         to other trusts to be established by the Company (if any), in each case
         similar to the Trust.

                  "PAYING AGENT" shall mean the Debt Trustee or any Person
         authorized by the Debt Trustee to calculate the amount of interest
         payable on the Debentures in respect of each Interest Period.

                  "REDEMPTION PRICE" shall mean, with respect to any redemption
         of the Debentures pursuant to Article III hereof, an amount in cash
         equal to 100% of the principal amount of Debentures to be redeemed plus
         any accrued and unpaid interest thereon, including Compounded Interest
         and Additional Sums, if any, to the date of such redemption.

                  "SECURITY REGISTRAR" shall have the meaning set forth in
         Section 2.3.

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                                                                               4

                  "TAX EVENT" means the receipt by the Trust of an opinion of
         counsel experienced in such matters to the effect that, as a result of
         (i) any amendment to, or change (including any announced proposed
         change) in, the laws or regulations of the United States or any
         political subdivision or taxing authority thereof or therein, or (ii)
         any official administrative pronouncement or action or judicial
         decision interpreting or applying such laws or regulations, which
         amendment, change, pronouncement, action or decision is effective or is
         announced or occurs on or after ____________________, there is, in case
         of either clause (i) or (ii), more than an insubstantial risk that (A)
         the Trust is, or will be within 90 days of the date of such opinion,
         subject to United States federal income tax with respect to interest
         accrued or received on the Debentures, (B) interest payable by the
         Company on the Debentures is not, or within 90 days of the date of such
         opinion, will not be, deductible by the Company, in whole or in part,
         for United States federal income tax purposes or (C) the Trust is, or
         will be within 90 days of the date of such opinion, subject to more
         than a de minimis amount of other taxes, duties or other governmental
         charges.

                  "TRUST" shall have the meaning set forth in the preamble of
         this _____ Supplemental Indenture.

                  "TRUST SECURITIES" shall mean the Preferred Securities and the
         Common Securities, collectively.

                                   ARTICLE II
                 GENERAL TERMS AND CONDITIONS OF THE DEBENTURES

                  SECTION 2.1. DESIGNATION AND PRINCIPAL AMOUNT.

         There is hereby authorized a series of Debt Securities designated the
"___% __________________________________," limited in aggregate principal amount
to $____________, which amount shall be as set forth in any written order of the
Company for the authentication and delivery of Debentures pursuant to Section
2.05 of the Indenture.

         SECTION 2.2. MATURITY.

         The Maturity Date (which shall constitute the Stated Maturity of the
Debentures for purposes of the Indenture) shall be the date on which the
Debentures mature and on which the principal thereof shall be due and payable
together with all accrued and unpaid interest thereon (including Compounded
Interest and Additional Sums, if any).

         SECTION 2.3. FORM AND PAYMENT.

         Except as provided in Section 2.4, the Debentures shall be issued in
fully registered certificated form without interest coupons. Principal of,
premium, if any, and interest on (including Compounded Interest and Additional
Sums, if any) the Debentures issued in certificated form will be payable, the
transfer of such Debentures will be registrable and such Debentures will be
exchangeable for Debentures bearing identical terms and provisions at the office
or agency of the Company maintained for such purpose as set forth in the
Indenture;

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                                                                               5

provided, however, that payment of interest with respect to Debentures (other
than a Global Debenture) may be made at the option of the Company (i) by check
mailed to the Holder at such address as shall appear in the Security Register or
(ii) by transfer to an account maintained by the Person entitled thereto,
provided that proper transfer instructions have been received in writing by the
relevant record date. The Company selects each of New York, New York and
Chicago, Illinois as a place of payment where the principal of, and premium, if
any, and interest on the Debentures are payable as specified in accordance
herewith, and hereby appoints Bank One, N.A., the Debt Trustee, as registrar for
the Debentures (the "SECURITY REGISTRAR"). Notwithstanding the foregoing, so
long as the Holder of any Debentures is the Institutional Trustee, the payment
of the principal of, premium, if any, and interest (including Compounded
Interest and Additional Sums, if any) on such Debentures held by the
Institutional Trustee will be made at such place and to such account as may be
designated by the Institutional Trustee.

         SECTION 2.4. GLOBAL DEBENTURE.

         (a)      In connection with a Dissolution Event,

                  (i)      the Debentures in certificated form may be presented
         to the Debt Trustee by the Institutional Trustee in exchange for a
         global Debenture in an aggregate principal amount equal to the
         aggregate principal amount of all outstanding Debentures (a "GLOBAL
         DEBENTURE"), to be registered in the name of the Depositary, or its
         nominee, and delivered by the Debt Trustee to or upon the order of the
         Depositary for crediting to the accounts of its participants pursuant
         to the instructions of the Regular Trustees. The Company upon any such
         presentation shall execute a Global Debenture in such aggregate
         principal amount and deliver the same to the Debt Trustee for
         authentication and delivery in accordance with the Indenture. Payments
         on the Debentures issued as a Global Debenture will be made to the
         Depositary; and

                  (ii)     if any Preferred Securities are held in non
         book-entry certificated form, the Debentures in certificated form may
         be presented to the Debt Trustee by the Institutional Trustee and any
         Preferred Security Certificate which represents Preferred Securities
         other than Preferred Securities held by the Clearing Agency or its
         nominee ("NON BOOK-ENTRY PREFERRED SECURITIES") will be deemed to
         represent beneficial interests in Debentures presented to the Debt
         Trustee by the Institutional Trustee having an aggregate principal
         amount equal to the aggregate liquidation amount of the Non Book-Entry
         Preferred Securities until such Preferred Security Certificates are
         presented to the Security Registrar for transfer or reissuance at which
         time such Preferred Security Certificates will be cancelled and a
         Debenture, registered in the name of the holder of the Preferred
         Security Certificate or the transferee of the holder of such Preferred
         Security Certificate, as the case may be, with an aggregate principal
         amount equal to the aggregate liquidation amount of the Preferred
         Security Certificate cancelled, will be executed by the Company and
         delivered to the Debt Trustee for authentication and delivery in
         accordance with the Indenture. Upon the issuance of such Debentures,
         Debentures with an equivalent aggregate principal amount that were
         presented by the Institutional Trustee to the Debt Trustee will be
         deemed to have been cancelled.

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                                                                               6

                  (b)      A Global Debenture may be transferred, in whole but
         not in part, only to another nominee of the Depositary, or to a
         successor Depositary selected or approved by the Company or to a
         nominee of such successor Depositary.

         SECTION 2.5. INTEREST.

         (a)      Each Debenture will bear interest at a rate of ____% per annum
from _____________ until the principal thereof becomes due and payable, and on
any overdue principal at a rate of ____% per annum and (to the extent that
payment of such interest is enforceable under applicable law) on any overdue
installment of interest at a rate of ____% per annum, compounded quarterly,
payable (subject to the provisions of Article IV) quarterly in arrears on the __
day if __________, __________, __________ and ___________ of each year,
commencing on _________________, to the Person in whose name such Debenture or
any predecessor Debenture is registered, at the close of business on the regular
record date for such interest installment, which, in respect of any Debentures
of which the Institutional Trustee is the Holder or in the case of a Global
Debenture, shall be the close of business on the Business Day next preceding
that Interest Payment Date (as defined below). Notwithstanding the foregoing
sentence, if the Debentures are no longer in book-entry only form, except if the
Debentures are held by the Institutional Trustee, the record dates shall be the
close of business on the _______, ________, _________ and ___________
immediately preceding the relevant Interest Payment Date, whether or not a
Business Day.

         (b)      Unless otherwise provided by the Debt Trustee, the Paying
Agent will calculate the amount of interest payable on the Debentures in respect
of each Interest Period. The amount of interest payable for any Interest Period
will be computed on the basis of a 360-day year consisting of twelve 30-day
months and rounding the resulting figure to the nearest cent (with one-half cent
or more being rounded upwards). The amount of interest payable for any partial
Interest Period will be computed on the basis of the actual number of days
elapsed during any such 30-day month. The determination of the amount of
interest payable by Paying Agent will (in the absence of willful default, bad
faith or manifest error) be final, conclusive and binding on all concerned.

         (c)      All certificates, communications, opinions, determinations,
calculations, quotations and decisions given, expressed, made or obtained for
the purposes of the provisions relating to the payment and calculation of
interest on the Debentures, whether by the Debt Trustee or Paying Agent, will
(in the absence of willful default, bad faith or manifest error) be binding on
the Trust, the Company, the Debt Trustee and all of the holders of the
Debentures, and no liability will (in the absence of willful default, bad faith
or manifest error) attach to the Debt Trustee or Paying Agent in connection with
the exercise or non-exercise by any of them of their powers, duties and
discretion.

         (d)      In the event that any date on which interest is payable on the
Debentures is not a Business Day, then payment of interest payable on such date
will be made on the next succeeding day which is a Business Day, except that, if
such Business Day is in the next succeeding calendar year, such payment shall be
made on the immediately preceding Business Day, in each case with the same force
and effect as if made on such date (each date on which interest is actually
payable, an "INTEREST PAYMENT DATE").

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                                                                               7

         (e)      If a Tax Event has occurred and is continuing while the
Institutional Trustee is the Holder of any Debentures, and the Trust or the
Institutional Trustee is required to pay any taxes, duties, assessments or
governmental charges of whatever nature (other than withholding taxes) imposed
by the United States, or any other taxing authority, then, in any case, the
Company will pay such additional sums ("ADDITIONAL SUMS") on the Debentures held
by the Institutional Trustee as shall be required so that the net amounts
received and retained by the Trust and the Institutional Trustee after paying
such taxes, duties, assessments or other governmental charges will be equal to
the amounts the Trust and the Institutional Trustee would have received had the
Trust and the Institutional Trustee not been subject to such taxes, duties,
assessments or other government charges as a result of such Tax Event.
Additional Sums shall be treated as interest for all purposes under the
Indenture.

         (f)      All percentages resulting from any calculations referred to in
this _____ Supplemental Indenture will be rounded, if necessary, to the nearest
multiple of 1/100 of 1% and all U.S. dollar amounts used in or resulting from
such calculations will be rounded to the nearest cent (with one-half cent or
more being rounded upwards).

                                   ARTICLE III
                          REDEMPTION OF THE DEBENTURES

         SECTION 3.1. TAX EVENT REDEMPTION.

         Subject to the prior approval of the Federal Reserve Board, if such
approval is then required under applicable law, rules, guidelines or policies,
if at any time a Tax Event shall occur and be continuing, the Company shall have
the right upon not less than 30 nor more than 60 days' notice, to redeem the
Debentures, in whole, but not in part, for cash within 90 days following the
occurrence of such Tax Event (or, if the approval of the Federal Reserve Board
is then required for such redemption, on such later date as promptly practicable
after such approval is obtained) at the Redemption Price.

         SECTION 3.2. CAPITAL TREATMENT EVENT OF REDEMPTION.

         Subject to the prior approval of the Federal Reserve Board, if such
approval is then required under applicable law, rules, guidelines or policies,
if at any time a Capital Treatment Event shall occur and be continuing, the
Company shall have the right, upon not less than 30 nor more 60 days' notice, to
redeem the Debentures, in whole, but not in part, for cash within 90 days
following the occurrence of such Capital Treatment Event (or, if the approval of
the Federal Reserve Board is then required for such redemption, on such later
date as promptly as practicable after such approval is obtained) at the
Redemption Price.

         SECTION 3.3. INVESTMENT COMPANY EVENT OF REDEMPTION.

         Subject to the prior approval of the Federal Reserve Board, if such
approval is then required under applicable law, rules, guidelines or policies,
if at any time a Investment Company Event shall occur and be continuing, the
Company shall have the right, upon not less than 30 nor more 60 days' notice, to
redeem the Debentures, in whole, but not in part, for cash within 90 days
following the occurrence of such Investment Company Event (or, if the approval
of the

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                                                                               8

Federal Reserve Board is then required for such redemption, on such later date
as promptly as practicable after such approval is obtained) at the Redemption
Price.

         SECTION 3.4. OPTIONAL REDEMPTION BY COMPANY.

         (a)      Subject to the prior approval of the Federal Reserve Board, if
such approval is then required under applicable law, rules, guidelines or
policies, the Company shall have the right to redeem the Debentures, in whole or
in part, from time to time, on or after ______________________, upon not less
than 30 nor more than 60 days' notice at the Redemption Price.

         (b)      If the Debentures are only partially redeemed pursuant to this
Section 3.3, the Debentures will be redeemed pro rata or by lot or by any other
method utilized by the Security Registrar; provided, that if at the time of
redemption the Debentures are registered as a Global Debenture, the Depositary
shall determine, in accordance with its procedures, the principal amount of such
Debentures beneficially held by each Holder of Debentures to be redeemed.

         (c)      If a partial redemption of the Debentures would result in the
delisting of the Preferred Securities issued by the Trust from any national
securities exchange or interdealer quotation system or other organization on
which the Preferred Securities are then listed, the Company shall not be
permitted to effect such partial redemption and may only redeem the Debentures
in whole.

         SECTION 3.5. NO SINKING FUND.

         The Debentures are not entitled to the benefit of any sinking fund.

                                   ARTICLE IV
                      EXTENSION OF INTEREST PAYMENT PERIOD

         SECTION 4.1. EXTENSION OF INTEREST PAYMENT PERIOD.

         So long as no Event of Default has occurred and is continuing, the
Company shall have the right, at any time and from time to time during the term
of the Debentures, to defer payments of interest on the Debentures by extending
the interest payment period of such Debentures for a period not exceeding 20
consecutive quarterly periods (the "EXTENSION PERIOD"), during which Extension
Period no interest shall be due and payable; provided that no Extension Period
shall end on a date other than an Interest Payment Date or extend beyond the
Maturity Date. To the extent permitted by applicable law, interest, the payment
of which has been deferred because of the extension of the interest payment
period pursuant to this Section 4.1, will bear interest thereon at a rate of
____% per annum compounded quarterly for each quarterly period of the Extension
Period ("COMPOUNDED INTEREST"). At the end of the Extension Period, the Company
shall pay all interest accrued and unpaid on the Debentures, including any
Additional Sums and Compounded Interest (together, "DEFERRED INTEREST") that
shall be payable to the Holders in whose names the Debentures are registered in
the Security Register on the record date relating to the Interest Payment Date
on which the Extension Period ends. Before the termination of any Extension
Period, the Company may further defer payments of interest by further extending
such

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                                                                               9

period, provided that such period, together with all such previous and further
extensions within such Extension Period, shall not exceed 20 consecutive
quarterly periods or extend beyond the Maturity Date of the Debentures. Upon the
termination of any Extension Period and the payment of all Deferred Interest
then due, the Company may commence a new Extension Period, subject to the
foregoing requirements. No interest shall be due and payable during an Extension
Period, except at the end thereof. Compounded Interest shall be treated as
interest for all purposes under the Indenture.

         SECTION 4.2. NOTICE OF EXTENSION.

         (a)      If the Institutional Trustee is the only registered Holder at
the time the Company selects an Extension Period, the Company shall give written
notice to the Regular Trustees, the Institutional Trustee and the Debt Trustee
of its selection of such Extension Period five Business Days before the earlier
of (i) the next succeeding date on which Distributions on the Trust Securities
issued by the Trust are payable, or (ii) the date the Trust is required to give
notice of the record date, or the date such Distributions are payable, to any
national securities exchange or interdealer quotation system or to holders of
the Preferred Securities issued by the Trust, but in any event at least five
Business Days before such record date.

         (b)      If the Institutional Trustee is not the only Holder at the
time the Company selects an Extension Period, the Company shall give the Holders
and the Debt Trustee written notice of its selection of such Extension Period at
least 10 Business Days before the earlier of (i) the next succeeding Interest
Payment Date, or (ii) the date the Company is required to give notice of the
record or payment date of such interest payment to any national securities
exchange or interdealer quotation system or to the Holders.

         (c)      The quarterly period in which any notice is given pursuant to
paragraphs (a) or (b) of this Section 4.2 shall be counted as one of the 20
quarterly periods permitted in the maximum Extension Period permitted under
Section 4.1.

                                   ARTICLE V
                                    EXPENSES

         SECTION 5.1. PAYMENT OF EXPENSES.

         In connection with the offering, sale and issuance of the Debentures to
the Trust and in connection with the sale of the Trust Securities by the Trust,
the Company, in its capacity as borrower with respect to the Debentures, shall:

         (a)      pay all costs and expenses relating to the offering, sale and
issuance of the Debentures and the Trust Securities and the compensation of the
Debt Trustee in accordance with the provisions of Section 6.06 of the Indenture;

         (b)      pay all costs and expenses relating to the organization,
operation and dissolution of the Trust.

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                                                                              10

         SECTION 5.2. PAYMENT UPON RESIGNATION OR REMOVAL.

         Upon termination of this _____ Supplemental Indenture or the Indenture
or the removal or resignation of the Debt Trustee, unless otherwise stated, the
Company shall pay to the Debt Trustee all amounts accrued under Section 6.06 of
the Indenture to the date of such termination, removal or resignation. Upon
termination of the Declaration or the removal or resignation of the Delaware
Trustee or the Institutional Trustee, as the case may be, pursuant to Sections
10.4 and 10.6 of the Declaration, the Company shall pay to the Delaware Trustee
or the Institutional Trustee, as the case may be, all amounts accrued under said
Sections to the date of such termination, removal or resignation.

                                   ARTICLE VI
                                FORM OF DEBENTURE

         SECTION 6.1. FORM OF DEBENTURE.

         The Debentures and the Debt Trustee's Certificate of Authentication to
be endorsed thereon are to be substantially in the forms set forth in Exhibit A
hereto.

                                   ARTICLE VII
                          ORIGINAL ISSUE OF DEBENTURES

         SECTION 7.1. ORIGINAL ISSUE OF DEBENTURES.

         Debentures in the aggregate principal amount of $ _____________ may,
upon execution of this _____ Supplemental Indenture, be executed by the Company
and delivered to the Debt Trustee for authentication as provided in Sections
2.03 and 2.05 of the Indenture.

                                  ARTICLE VIII
                                    COVENANTS

         SECTION 8.1. LIMITATION ON DIVIDENDS.

         The Company will not, and will not permit any Subsidiary to, (i)
declare or pay any dividends or distributions on, or redeem, purchase, acquire,
or make a liquidation payment with respect to, any of the Company's capital
stock, (ii) make any payment of principal of, or premium, if any, or interest
on, or repay, repurchase or redeem any debt securities of the Company (including
Other Debt Securities) that rank pari passu with, or junior in right of payment
to, the Debentures or (iii) make any guarantee payment with respect to any
guarantee by the Company of the debt securities of any Subsidiary of the Company
(including Other Guarantees) if such guarantee ranks pari passu with, or junior
in right of payment to, the Debentures (other than (a) dividends, distributions,
redemptions, purchases or acquisitions made by the Company by way of issuance of
its capital stock (or options, warrants or other rights to subscribe therefor),
(b) any declaration of a dividend in connection with the implementation of a
shareholder's rights plan, or the issuance of stock under any such plan in the
future, or the redemption or repurchase of any such rights pursuant thereto, (c)
payments under the Preferred

<PAGE>

                                                                              11

Securities Guarantee or Common Securities Guarantee, (d) the purchase of
fractional interests in shares resulting from a reclassification of the
Company's capital stock, (e) the purchase of fractional interests in shares of
the Company's capital stock pursuant to the conversion or exchange provisions of
such capital stock or the security being converted or exchanged, (f) purchases
of Common Stock related to the issuance of Common Stock or rights under any of
the Company's benefit plans for its directors, officers or employees and (g)
obligations under any dividend reinvestment plan or stock purchase plan of the
Company), if at such time (1) there shall have occurred any event of which the
Company has actual knowledge that with the giving of notice, or the lapse of
time, or both, would constitute an Event of Default (as defined in the
Indenture) and in respect of which the Company shall not have taken reasonable
steps to cure, (2) if such Debentures are held by the Institutional Trustee, the
Company shall be in default with respect to its payment obligations under the
Preferred Securities Guarantee or Common Securities Guarantee or (3) the Company
shall have given notice of its selection of an Extension Period and shall not
have rescinded such notice or such Extension Period and such Extension Period
shall be continuing.

         SECTION 8.2. COVENANTS AS TO THE TRUST.

         In the event Debentures are issued to the Trust or a trustee of such
trust in connection with the issuance of Trust Securities by the Trust, for so
long as such Trust Securities remain outstanding, the Company (i) will maintain
100% direct or indirect ownership of the Common Securities of the Trust;
provided, however, that any successor of the Company, permitted pursuant to
Article X of the Indenture, may succeed to the Company's ownership of such
Common Securities, (ii) will use commercially reasonable efforts to cause the
Trust (a) to remain a grantor trust, except in connection with a distribution of
Debentures to the holders of Trust Securities in liquidation of the Trust, the
redemption of all of the Trust Securities of the Trust, or certain mergers,
consolidations or amalgamations, each as permitted by the Declaration, and (b)
to otherwise continue to be classified as a grantor trust and not an association
taxable as a corporation for United States federal income tax purposes and (iii)
will not cause, as sponsor of the Trust, or permit, as holder of the Common
Securities, the dissolution, winding-up or termination of the Trust, except in
connection with a distribution of the Debentures as provided in the Declaration
and in connection with certain mergers, consolidations or amalgamations.

                                   ARTICLE IX
                                  MISCELLANEOUS

         SECTION 9.1. RATIFICATION OF INDENTURE.

         The Indenture, as supplemented by this _____ Supplemental Indenture, is
in all respects ratified and confirmed, and this _____ Supplemental Indenture
shall be deemed part of the Indenture in the manner and to the extent herein and
therein provided.

         SECTION 9.2. ACKNOWLEDGMENT OF RIGHTS.

         The Company acknowledges that, with respect to any Debentures held by
the Trust or a trustee thereof, if the Institutional Trustee of such Trust fails
to enforce its rights under this _____ Supplemental Indenture or the Indenture
as the Holder of the Debentures held as the

<PAGE>

                                                                              12

assets of SunTrust Capital __, any holder of Preferred Securities may institute
legal proceedings directly against the Company to enforce such Institutional
Trustee's rights under this _____ Supplemental Indenture or the Indenture
without first instituting any legal proceedings against such Institutional
Trustee or any other person or entity. Notwithstanding the foregoing, if an
Event of Default has occurred and is continuing and such event is attributable
to the failure of the Company to pay principal of, premium, if any, or interest
on the Debentures when due, the Company acknowledges that a holder of Preferred
Securities may institute a Direct Action for enforcement of payment to such
holder of the principal of, premium, if any, or interest on the Debentures
having a principal amount equal to the aggregate liquidation amount of the
Preferred Securities of such holder on or after the respective due date
specified in the Debentures.

         SECTION 9.3. DIRECTION OF PROCEEDINGS AND WAIVER OF DEFAULTS BY
MAJORITY OF HOLDERS.

         The Holders of a majority in aggregate principal amount of the
Debentures at the time outstanding shall have the right to direct the time,
method, and place of conducting any proceeding for any remedy available to the
Debt Trustee, or exercising any trust or power conferred on the Debt Trustee;
provided, however, that (subject to the provisions of Section 6.01 of the
Indenture) the Debt Trustee shall have the right to decline to follow any such
direction if the Debt Trustee shall determine that the action so directed would
be unjustly prejudicial to the Holders not taking part in such direction or if
the Debt Trustee being advised by counsel determines that the action or
proceeding so directed may not lawfully be taken or if the Debt Trustee in good
faith by its board of directors or trustees, executive committee, or a trust
committee of directors or trustees and/or Responsible Officers shall determine
that the action or proceedings so directed would involve the Debt Trustee in
personal liability. Prior to any declaration accelerating the maturity of the
Debentures, the Holders of a majority in aggregate principal amount of the
Debentures at the time outstanding may on behalf of the Holders of all of the
Debentures waive any past default or Event of Default and its consequences
except a default (a) in the payment of principal of, premium, if any, or
interest on any of the Debentures (unless such default has been cured and a sum
sufficient to pay all matured installments of principal, premium, if any, and
interest due otherwise than by acceleration has been deposited with the Debt
Trustee) or (b) in respect of covenants or provisions hereof which cannot be
modified or amended without the consent of the Holder of each Debenture
affected; provided, however, that if the Debentures are held by the
Institutional Trustee, such waiver or modification to such waiver shall not be
effective until the holders of a majority in aggregate liquidation amount of
Trust Securities shall have consented to such waiver or modification to such
waiver; provided further, that if the consent of the Holder of each outstanding
Debenture is required, such waiver shall not be effective until each holder of
the Trust Securities shall have consented to such waiver. Upon any such waiver,
the default covered thereby shall be deemed to be cured for all purposes of this
_____ Supplemental Indenture and the Indenture and the Company, the Debt Trustee
and the Holders shall be restored to their former positions and rights
hereunder, respectively; but no such waiver shall extend to any subsequent or
other default or impair any right consequent thereon. Whenever any default or
Event of Default hereunder shall have been waived as permitted by Section 5.08
of the Indenture, said default or Event of Default shall for all purposes of the
Debentures and the Indenture be deemed to have been cured and to be not
continuing.

<PAGE>

                                                                              13

         SECTION 9.4. DEBT TRUSTEE NOT RESPONSIBLE FOR RECITALS.

         The recitals herein contained are made by the Company and not by the
Debt Trustee, and the Debt Trustee assumes no responsibility for the correctness
thereof. The Debt Trustee makes no representation as to the validity or
sufficiency of this _____ Supplemental Indenture.

         SECTION 9.5. GOVERNING LAW.

         This _____ Supplemental Indenture and each Debenture shall be construed
in accordance with and governed by the laws of the State of New York.

         SECTION 9.6. SEPARABILITY.

         In case any one or more of the provisions contained in this _____
Supplemental Indenture or in the Debentures shall for any reason be held to be
invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provisions of this _____
Supplemental Indenture or of the Debentures, but this _____ Supplemental
Indenture and the Debentures shall be construed as if such invalid or illegal or
unenforceable provision had never been contained herein or therein.

         SECTION 9.7. COUNTERPARTS.

         This _____ Supplemental Indenture may be executed in any number of
counterparts each of which shall be an original; but such counterparts shall
together constitute but one and the same instrument.

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this _____
Supplemental Indenture to be duly executed and attested, as of the day and year
first above written.

                                       SUNTRUST BANKS, INC.

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

Attest:

By:
   ----------------------------------
   Name:
   Title:

                                       BANK ONE, N.A., AS DEBT TRUSTEE

                                       By:
                                          -------------------------------------
                                          Name:
                                          Title:

Attest:

By:
   -----------------------------------------
     Name:
     Title:

                                      S-1
<PAGE>

                                                                       EXHIBIT A

                           (FORM OF FACE OF DEBENTURE)

         [IF THE DEBENTURE IS TO BE A GLOBAL DEBENTURE, INSERT - This Debenture
is a Book-Entry Security within the meaning of the Indenture hereinafter
referred to and is registered in the name of a Depositary or a nominee of a
Depositary. This Debenture is exchangeable for Debentures registered in the name
of a person other than the Depositary or its nominee only in the limited
circumstances described in the Indenture, and no transfer of this Debenture
(other than a transfer of this Debenture as a whole by the Depositary to a
nominee of the Depositary or by a nominee of the Depositary to the Depositary or
another nominee of the Depositary) may be registered except in limited
circumstances.

         Unless this Debenture is presented by an authorized representative of
The Depository Trust Company (55 Water Street, New York, New York) to the issuer
or its agent for registration of transfer, exchange or payment, and any
Debenture issued is registered in the name of Cede & Co. or such other name as
requested by an authorized representative of The Depository Trust Company and
any payment hereon is made to Cede & Co., ANY TRANSFER, PLEDGE OR OTHER USE
HEREOF FOR VALUE OR OTHERWISE BY A PERSON IS WRONGFUL since the registered owner
hereof, Cede & Co., has an interest herein.]

                                      A-1
<PAGE>

No. __________                                         CUSIP No. ______________

                              SUNTRUST BANKS, INC.

                     _____% ________________________________

         SUNTRUST BANKS, INC., a Georgia corporation (the "Company", which term
includes any successor corporation under the Indenture hereinafter referred to),
for value received, hereby promises to pay to SunTrust Capital __, or registered
assigns, the principal sum of $___________ on ____________________, and to pay
interest on said principal sum from __ day of _______, _______, _______, and
_______ or from the most recent interest payment date to which interest has been
paid or duly provided for, quarterly (subject to deferral as set forth herein)
in arrears on the ______________________ of each year commencing
_________________, at a rate of ____% per annum until the principal hereof shall
have become due and payable, and on any overdue principal and premium, if any,
at a rate of ____% per annum and (without duplication and to the extent that
payment of such interest is enforceable under applicable law) on any overdue
installment of interest at a rate of ____% per annum compounded quarterly. The
amount of interest payable on any Interest Payment Date (as defined below) shall
be calculated as provided in the Indenture. In the event that any date on which
interest is payable on this Debenture is not a Business Day, then payment of
interest payable on such date will be made on the next succeeding day that is a
Business Day, except that, if such Business Day is in the next succeeding
calendar year, such payment shall be made on the immediately preceding Business
Day, in each case with the same force and effect as if made on such date (each
date on which interest is actually payable, an "Interest Payment Date"). The
interest installment so payable, and punctually paid or duly provided for, on
any Interest Payment Date will, as provided in the Indenture, be paid to the
person in whose name this Debenture (or one or more Predecessor Debt Securities,
as defined in said Indenture) is registered at the close of business on the
regular record date for such interest installment, which shall be, if the
Debentures are not in book-entry only form, except if the Debentures are held by
the Institutional Trustee, the close of business on the __________, ___________,
___________, and ______________ immediately preceding the relevant Interest
Payment Date, whether or not a Business Day. In the case of a Global Debenture
or any Debentures of which the Institutional Trustee is the Holder, such regular
record date shall be the close of business on the Business Day next preceding
the applicable Interest Payment Date. Any such interest installment not
punctually paid or duly provided for shall forthwith cease to be payable to the
registered Holders on such regular record date and may be paid to the Person in
whose name this Debenture (or one or more Predecessor Debt Securities) is
registered at the close of business on a special record date to be fixed by the
Debt Trustee for the payment of such defaulted interest, notice whereof shall be
given to the registered Holders not less than 10 days prior to such special
record date, or may be paid at any time in any other lawful manner not
inconsistent with the requirements of any securities exchange or interdealer
quotation system on which the Debentures may be listed, and upon such notice as
may be required by such exchange, all as more fully provided in the Indenture.
The principal of, premium, if any, and interest (including Compounded Interest
and

                                      A-2
<PAGE>

Additional Sums, if any) on this Debenture shall be payable at the office or
agency of the Debt Trustee maintained for that purpose in any coin or currency
of the United States of America that at the time of payment is legal tender for
payment of public and private debts; provided, however, that payment of interest
may be made, at the option of the Company, by check mailed to the registered
Holder at such address as shall appear in the Security Register or by wire
transfer to an account designated by a Holder in writing not less than ten days
prior to the date of payment. Notwithstanding the foregoing, so long as the
Holder of this Debenture is the Institutional Trustee, the payment of the
principal of, premium, if any, and interest on this Debenture will be made at
such place and to such account as may be designated by the Institutional
Trustee.

         The indebtedness evidenced by this Debenture is, to the extent provided
in the Indenture, subordinate and junior in right of payment to the prior
payment in full of all Senior Indebtedness, and this Debenture is issued subject
to the provisions of the Indenture with respect thereto. Each Holder of this
Debenture, by accepting the same, (a) agrees to and shall be bound by such
provisions, (b) authorizes and directs the Debt Trustee on his or her behalf to
take such action as may be necessary or appropriate to acknowledge or effectuate
the subordination so provided and (c) appoints the Debt Trustee his or her
attorney-in-fact for any and all such purposes. Each Holder hereof, by his or
her acceptance hereof, hereby waives all notice of the acceptance of the
subordination provisions contained herein and in the Indenture by each holder of
Senior Indebtedness, whether now outstanding or hereafter incurred, and waives
reliance by each such holder or creditor upon said provisions.

         This Debenture shall not be entitled to any benefit under the Indenture
hereinafter referred to, or be valid or become obligatory for any purpose until
the Certificate of Authentication hereon shall have been signed by or on behalf
of the Debt Trustee.

         THIS DEBENTURE IS NOT A SAVINGS ACCOUNT DEPOSIT OR OTHER OBLIGATION OF
ANY BANK OR A NONBANK SUBSIDIARY THEREOF, AND IS NOT INSURED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION, THE BANK INSURANCE FUND OR ANY OTHER GOVERNMENTAL
AGENCY.

         The provisions of this Debenture are continued on the reverse side
hereof and such continued provisions shall for all purposes have the same effect
as though fully set forth at this place.

                                      A-3
<PAGE>

         IN WITNESS WHEREOF, the Company has caused this instrument to be
executed.

                                        SUNTRUST BANKS, INC.

                                        By:
                                           ------------------------------------
                                           Name:
                                           Title:
Attest:

By:
   ----------------------------------
   Name:
   Title:

                          CERTIFICATE OF AUTHENTICATION

         This is one of the Debt Securities of the series designated therein
referred to in the within-mentioned Indenture.

Bank One, N.A.,
as Debt Trustee

By:
   ----------------------------------
   Authorized Officer

Dated:
      -------------------------------

                                      A-4
<PAGE>

                         (FORM OF REVERSE OF DEBENTURE)

         This Debt Security is one of a duly authorized series of debt
securities of the Company (herein sometimes referred to as the "Debentures"),
all issued or to be issued in one or more series under and pursuant to an
Indenture, dated as of ___________________, duly executed and delivered between
the Company and Bank One, N.A., as Debt Trustee (the "Debt Trustee"), as
supplemented by the _____ Supplemental Indenture, dated as of
____________________ between the Company and the Trustee (the Indenture as so
supplemented, the "Indenture"), to which Indenture and all indentures
supplemental thereto reference is hereby made for a description of the rights,
limitations of rights, obligations, duties and immunities thereunder of the Debt
Trustee, the Company and the Holders of the Debentures. By the terms of the
Indenture, Debt Securities are issuable in series that may vary as to amount,
date of maturity, rate of interest and in other respects as provided in the
Indenture. This Debenture is one of the series designated on the face hereof and
is limited in aggregate principal amount as specified in said _____ Supplemental
Indenture.

         Upon the occurrence and continuation of a Tax Event, Investment Company
Event or Capital Treatment Event, the Company shall have the right, subject to
certain conditions set forth in the Indenture, to redeem this Debenture in
whole, but not in part, at the Redemption Price within 90 days following the
occurrence of such Tax Event, Investment Company Event or Capital Treatment
Event (or, if the prior approval of the Federal Reserve Board is then required,
on such later date as promptly as practicable after such approval is obtained).
In addition, the Company shall have the right to redeem this Debenture, in whole
or in part, from time to time on or after _____________________, at the
Redemption Price. Any redemption pursuant to this paragraph will be made upon
not less than 30 days' nor more than 60 days' notice. If the Debentures are only
partially redeemed by the Company pursuant to an Optional Redemption, the
Debentures will be redeemed pro rata or by lot or by any other method utilized
by the Security Registrar; provided that if, at the time of redemption, the
Debentures are registered as a Global Debenture, the Depositary shall determine
the principal amount of such Debentures beneficially held by each Debenture
holder to be redeemed in accordance with its procedures.

         In the event of redemption of this Debenture in part only, a new
Debenture or Debentures for the unredeemed portion hereof will be issued in the
name of the Holder hereof upon the cancellation hereof.

         Notwithstanding the foregoing, any redemption of Debentures by the
Company shall be subject to the prior approval of the Federal Reserve Board, if
such approval is then required under applicable law, rules, guidelines or
policies of the Federal Reserve Board.

         In case an Event of Default, as defined in the Indenture, shall have
occurred and be continuing, the principal of all of the Debentures may be
declared, and upon such declaration shall become, due and payable, in the
manner, with the effect and subject to the conditions provided in the Indenture.

         The Indenture contains provisions permitting the Company and the Debt
Trustee, with the consent of the Holders of not less than a majority in
aggregate principal amount of the outstanding Debt Securities of all series
affected (acting as one class), to execute supplemental

                                      A-5
<PAGE>

indentures for the purpose of adding any provisions to or changing in any manner
or eliminating any of the provisions of the Indenture or of any supplemental
indenture or of modifying in any manner the rights of the Holders of the Debt
Securities; provided, however, that no such supplemental indenture shall without
the consent of the Holders of the outstanding Debentures affected thereby (i)
change the Maturity Date, or reduce the rate or extend the time of payment of
interest (except as contemplated by Section 4.1 of the _____ Supplemental
Indenture), or reduce the principal amount thereof, or reduce any amount payable
on prepayment thereof, or make the principal thereof or any interest or premium
thereon payable in any coin or currency other than that in which any Debenture
(or premium, if any, thereon) or the interest thereon is payable according to
its terms, or impair or affect the right of any Holder to institute suit for
payment thereof; or (ii) reduce the percentage in principal amount of the
outstanding Debentures, the Holders of which are required to consent to any such
amendment to the _____ Supplemental Indenture; provided, however, that if the
Debentures are held by the Institutional Trustee of the Trust, such amendment
shall not be effective until the holders of a majority in liquidation amount of
Trust Securities shall have consented to such amendment; provided, further, that
if the consent of the Holder of each outstanding Debenture is required, such
amendment shall not be effective until each holder of the Trust Securities shall
have consented to such amendment. The Indenture also contains provisions
permitting the Holders of a majority in aggregate principal amount of the
outstanding Debt Securities of any series affected thereby, on behalf of all of
the Holders of the Debt Securities of such series, to waive any past default in
the performance of any of the covenants contained in the Indenture, or
established pursuant to the Indenture with respect to such series, and its
consequences, except a default in the payment of the principal of, premium, if
any, or interest on any of the Debt Securities of such series. Any such consent
or waiver by the registered Holder of this Debenture (unless revoked as provided
in the Indenture) shall be conclusive and binding upon such Holder and upon all
future Holders and owners of this Debenture and of any Debenture issued in
exchange therefor or in place hereof (whether by registration of transfer or
otherwise), irrespective of whether or not any notation of such consent or
waiver is made upon this Debenture.

         No reference herein to the Indenture and no provision of this Debenture
or of the Indenture shall alter or impair the obligation of the Company, which
is absolute and unconditional, to pay the principal of, premium, if any, and
interest on this Debenture at the time and place and at the rate and in the
money herein prescribed.

         So long as no Event of Default has occurred and is continuing, the
Company shall have the right, at any time and from time to time during the term
of the Debentures, to defer payments of interest on this Debenture by extending
the interest payment period of this Debenture for a period not exceeding 20
consecutive quarterly periods (an "Extension Period") during which Extension
Period no interest shall be due and payable; provided that no Extension Period
shall end on a date other than an Interest Payment Date or extend beyond the
Maturity Date. Before the termination of any Extension Period, the Company may
further defer payments of interest by further extending such period, provided
that such period, together with all such previous and further extensions within
such Extension Period, shall not exceed 20 consecutive quarterly periods or
extend beyond the Maturity Date. Upon the termination of any Extension Period
and the payment of all accrued and unpaid interest and including any Additional
Sums and Compounded Interest then due, the Company may commence a new Extension
Period, subject to the foregoing requirements.

                                      A-6
<PAGE>

         The Company will not, and will not permit any Subsidiary to (i) declare
or pay any dividends or distributions on, or redeem, purchase, acquire, or make
a liquidation payment with respect to, any of the Company's capital stock, (ii)
make any payment of principal of, or premium, if any, or interest on, or repay,
repurchase or redeem any debt securities of the Company (including Other Debt
Securities) that rank pari passu with, or junior in right of payment to, the
Debentures or (iii) make any guarantee payments with respect to any guarantee by
the Company of the debt securities of any Subsidiary of the Company (including
Other Guarantees) if such guarantee ranks pari passu with or junior in right of
payment to the Debentures (other than (a) dividends, distributions, redemptions,
purchases or acquisitions made by the Company by way of issuance of its capital
stock (or options, warrants or other rights to subscribe therefor), (b) any
declaration of a dividend in connection with the implementation of a
shareholder's rights plan, or the issuance of stock under any such plan in the
future, or the redemption or repurchase of any such rights pursuant thereto, (c)
payments under the Preferred Securities Guarantee or Common Securities
Guarantee, (d) the purchase of fractional interests in shares resulting from a
reclassification of the Company's capital stock, (e) the purchase of fractional
interests in shares of the Company's capital stock pursuant to the conversion or
exchange provisions of such capital stock or the security being converted or
exchanged, (f) purchases of Common Stock related to the issuance of Common Stock
or rights under any of the Company's benefit plans for its directors, officers
or employees and (g) obligations under any dividend reinvestment plan or stock
purchase plan of the Company), if at such time (1) there shall have occurred any
event of which the Company has actual knowledge that (a) with the giving of
notice, or the lapse of time, or both would constitute an Event of Default and
(b) in respect of which the Company shall not have taken reasonable steps to
cure, (2) if such Debentures are held by the Institutional Trustee, the Company
shall be in default with respect to its payment obligations under the Preferred
Securities Guarantee or Common Securities Guarantee or (3) the Company shall
have given notice of its selection of an Extension Period and shall not have
rescinded such notice or such Extension Period and such Extension Period shall
be continuing.

         Subject to the prior approval of the Federal Reserve Board if such
approval is then required under applicable law, rules, guidelines or policies of
the Federal Reserve Board, the Company will have the right at any time to
liquidate the Trust and cause the Debentures to be distributed to the holders of
the Trust Securities in liquidation of the Trust.

         As provided in the Indenture and subject to certain limitations therein
set forth, this Debenture is transferable by the registered Holder hereof on the
Security Register of the Company, upon surrender of this Debenture for
registration of transfer at the office or agency of the Debt Trustee in New
York, New York, 153 West 51st Street, New York, New York 10019, accompanied by a
written instrument or instruments of transfer in form satisfactory to the
Company and the Security Registrar duly executed by the registered Holder hereof
or his or her attorney duly authorized in writing, and thereupon one or more new
Debentures of authorized denominations and for the same aggregate principal
amount will be issued to the designated transferee or transferees. No service
charge will be made for any such transfer, but the Company may require payment
of a sum sufficient to cover any tax or other governmental charge payable in
relation thereto.

                                      A-7
<PAGE>

         Prior to due presentment for registration of transfer of this
Debenture, the Company, the Debt Trustee, any paying agent and the Security
Registrar may deem and treat the registered holder hereof as the owner hereof
(whether or not this Debenture shall be overdue and notwithstanding any notice
of ownership or writing hereon made by anyone other than the Security Registrar)
for the purpose of receiving payment of or on account of the principal hereof
and premium, if any, and (subject to Section 2.5 of the _____ Supplemental
Indenture) interest due hereon and for all other purposes, and neither the
Company nor the Debt Trustee nor any paying agent nor any Security Registrar
shall be affected by any notice to the contrary.

         No recourse shall be had for the payment of the principal of or the
interest on this Debenture, or for any claim based hereon, or otherwise in
respect hereof, or based on or in respect of the Indenture, against any
incorporator, stockholder, officer or director, past, present or future, as
such, of the Company or of any predecessor or successor corporation, whether by
virtue of any constitution, statute or rule of law, or by the enforcement of any
assessment or penalty or otherwise, all such liability being, by the acceptance
hereof and as part of the consideration for the issuance hereof, expressly
waived and released.

         The Debentures are issuable only in registered form without coupons in
denominations of $_______ and any integral multiple thereof.

         All terms used in this Debenture that are defined in the Indenture
shall have the meanings assigned to them in the Indenture.

         THE INDENTURE AND THE DEBENTURES SHALL BE CONSTRUED IN ACCORDANCE WITH
AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.

                                      A-8Exhibit 10.16(l)

                              EMPLOYMENT AGREEMENT

     This  Employment  Agreement  ("Agreement")  is made and entered into by and
between  JACK   BRUCKER   ("Executive")   and   RURAL/METRO   CORPORATION,   its
subsidiaries,  affiliates, joint ventures and partnerships ("Rural/Metro").  The
Effective Date of this Agreement is July 1, 2001.

                                    RECITALS

     A.  The  Board  of  Directors  of  Rural/Metro  believes  it is in the best
interests  of  Rural/Metro  to  employ  Executive  as the  President  and  Chief
Executive Officer of Rural/Metro. The Board of Directors believes that Executive
has been, is and is expected to continue to be a key  contributor to the success
of the Company.  Due to Executive's  experience as the Chief Executive  Officer,
President and the former Chief Operating  Officer of the Company,  Executive has
particular  skills  and  knowledge  that  the  Board  of  Directors  believe  is
imperative  to retain for the benefit of the Company,  its  customers and all of
its financial stakeholders.

     B. Rural/Metro has decided to offer Executive an employment agreement,  the
terms and  provisions  of which are set forth below.  Rural/Metro  and Executive
each desire to enter into this Agreement and, by doing so, mutually  establish a
meaningful commitment to each other based upon the terms and provisions herein.

     C.  The  parties  desire  that the  employment  relations  in B's  terms be
comparable  at all times to those in comparable  situations  and will review the
terms from time to time for such purpose.

                                      -1-
<PAGE>
     NOW, THEREFORE, IT IS HEREBY MUTUALLY AGREED AS FOLLOWS:

     1.   POSITION AND DUTIES.

          Executive  will be  employed  as the  President  and  Chief  Executive
Officer  of  Rural/Metro  and shall  report  only to the Board of  Directors  of
Rural/Metro  (the "Board").  Executive shall perform the duties of his position,
as determined  by the Board,  in  accordance  with the  policies,  practices and
bylaws of Rural/Metro.

          Executive shall serve Rural/Metro faithfully, loyally, honestly and to
the  best  of his  ability.  Executive  will  devote  his  best  efforts  to the
performance of his duties for, and in the business and affairs of, Rural/Metro.

          Rural/Metro  reserves the right, in its sole discretion,  to change or
modify Executive's position, title and duties during the term of this Agreement,
subject to Executive's rights under Section 7.

     2.   COMPENSATION.

          As of the Effective  Date,  Executive's  annual  compensation  will be
$600,000  ("Base  Salary").  Executive's  Base  Salary  shall,  subject  to  the
discretion of the Board,  be frozen at the Base Salary level above for the first
two years, from the Effective Date until June 30, 2003.  Executive's Base Salary
will be paid in  substantially  equal  periodic  installments,  as determined by
Rural/Metro,  and will be reviewed at least  annually  thereafter  in accordance
with Rural/Metro's executive compensation review policies and practices,  all as
determined by the Board, in its sole discretion.  Rural/Metro  shall also make a
special  payment to Executive as a signing bonus equal to $200,000,  payable 50%
by July 1, 2001, and 50% by July 1, 2002.

                                      -2-
<PAGE>
     3.   MANAGEMENT INCENTIVE PROGRAM.

          Executive   shall  be  eligible  to  participate   each  year  in  the
Rural/Metro  Management  Incentive  Program  ("MIP")  (or any other plan that is
designated  by the Board as  replacing  the MIP);  provided  that,  for the year
ending June 30, 2002,  Executive  shall  receive no less than the maximum  level
permitted under the MIP for the year ended June 30, 2001.

     4.   STOCK OPTIONS; OTHER AGREEMENTS.

          Executive  will be  granted  options  to  purchase  100,000  shares of
Rural/Metro  stock at its  closing  price on July 2, 2001 (the date on which the
Board granted the options),  with the terms and  conditions of the options to be
set forth in a separate Stock Option Agreement to be entered into by and between
Executive and  Rural/Metro.  The Stock Option  Agreement  shall provide that the
options  are fully  vested  and  exercisable.  Subsequent  awards of  options to
Executive  will be  considered  at  least  annually  by the  Board,  in its sole
discretion.

          Nothing in this  Agreement  is  intended  to alter or modify any Stock
Option Agreements  previously entered into by the parties,  which shall continue
in full force and effect following the execution of this Agreement.

     5.   TERM AND TERMINATION.

          This  Agreement  will  continue  in full force and effect  until it is
terminated  by the  parties.  This  Agreement  may be  terminated  in any of the
following ways: (a) it may be renegotiated  and replaced by a written  agreement
signed by both parties;  (b)  Rural/Metro  may elect to terminate this Agreement
with or without "Cause",  as defined below; (c) Executive may elect to terminate
this Agreement with or without "Good  Reason",  as defined below;  or (d) either
party may serve notice on the other of its desire to terminate this Agreement at
the end of the "Initial Term" or any "Renewal Term".

                                      -3-
<PAGE>
          The "Initial Term" of this Agreement shall expire by its terms 5 years
from  the  Effective  Date  of  this  Agreement,  unless  sooner  terminated  in
accordance with the provisions of this Agreement. This Agreement will be renewed
at the end of the  Initial  Term for  additional  one-year  periods (a  "Renewal
Term"),  unless  either party serves notice of its desire not to renew or of its
desire to modify this Agreement on the other. Such notice must be given at least
forty-five  (45)  days  before  the end of the  Initial  Term or the  applicable
Renewal Term.

          If  Rural/Metro  notifies  Executive  of its  desire not to renew this
Agreement  pursuant  to this  paragraph  5 and at the time of such  notification
Rural/Metro  does not have  "Cause" to  terminate  this  Agreement  pursuant  to
paragraph  6A,  Executive  shall  receive  the  Severance  Benefits  pursuant to
paragraph 9.

          If  Executive  notifies  Rural/Metro  of his  desire not to renew this
Agreement  pursuant  to this  paragraph  5 and at the time of such  notification
Executive has Good Reason to terminate this Agreement  pursuant to paragraph 7A,
Executive  shall  receive  the  Severance  Benefits  pursuant  to  paragraph  9.
Executive also shall receive the Severance  Benefits  pursuant to paragraph 9 if
Rural/Metro  proposes  to modify this  Agreement  in a manner that gives rise to
Good Reason pursuant to paragraph 7A for  Executive's  termination of employment
and Executive rejects such proposed  modifications.  Severance Benefits will not
be payable  pursuant to the  preceding  sentence  if  Rural/Metro  rescinds  the
proposed  modifications  and  offers  Executive  a new  Agreement  that does not
include any proposed modifications that give rise to Good Reason for Executive's
termination of employment.

                                      -4-
<PAGE>
     6.   TERMINATION BY RURAL/METRO.

          A.   TERMINATION FOR CAUSE.

               Rural/Metro   may  terminate  this   Agreement  and   Executive's
employment  for  Cause  at  any  time  upon  written  notice.  This  means  that
Rural/Metro has the right to terminate the employment  relationship for Cause at
any time should there be Cause to do so.

               For  purposes  of this  Agreement,  "Cause"  shall be  limited to
discharge  resulting from a determination  by the Board that Executive:  (a) has
been  convicted of (or has pleaded  guilty or no contest to) a felony  involving
dishonesty, fraud, theft or embezzlement;  (b) has repeatedly failed or refused,
after  written  notice  from  Rural/Metro,  in  a  material  respect  to  follow
reasonable policies or directives established by Rural/Metro;  (c) has willfully
and persistently  failed,  after written notice from  Rural/Metro,  to attend to
material duties or obligations  imposed upon him under this  Agreement;  (d) has
performed an act or failed to act,  which,  if he were prosecuted and convicted,
would  constitute a felony  involving One Thousand  Dollars  ($1,000) or more of
money or property  of  Rural/Metro;  or (e) has  misrepresented  or  concealed a
material  fact for  purposes of securing  employment  with  Rural/Metro  or this
Employment   Agreement.   The  existence  of  "Cause"  shall  be  determined  by
Rural/Metro's  Board of  Directors  acting in good faith after  prior  notice to
Executive and after providing Executive with an opportunity to be heard.

               Because   Executive  is  in  a  position   which  involves  great
responsibilities,  Rural/Metro  is  not  required  to  utilize  its  progressive
discipline policy. In addition,  no generally  applicable grievance policy shall
apply to grievances  by Executive  regarding his  employment  relationship  with
Rural/Metro.

                                      -5-
<PAGE>
               If this  Agreement and  Executive's  employment is terminated for
Cause, Executive shall receive no Severance Benefits.

          B.   TERMINATION WITHOUT CAUSE.

               Rural/Metro  also may terminate  this  Agreement and  Executive's
employment  without  Cause  at  any  time.  In  the  event  this  Agreement  and
Executive's  employment are terminated by Rural/Metro  without Cause,  Executive
shall receive the Severance  Benefits  pursuant to paragraph 9.  Rural/Metro may
place Executive on a paid administrative  leave, and bar or restrict Executive's
access  to  Rural/Metro  facilities,  contemporaneously  with  or  at  any  time
following the delivery of the written notice to Executive.

     7.   TERMINATION BY EXECUTIVE.

          Executive may terminate  this  Agreement  and his  employment  with or
without "Good Reason" in accordance with the provisions of this paragraph 7.

          A.   TERMINATION FOR GOOD REASON.

               Executive may terminate  this  Agreement and his  employment  for
"Good Reason" by giving written notice to Rural/Metro within sixty (60) days, or
such longer period as may be agreed to in writing by Rural/Metro, of Executive's
receipt of notice of the occurrence of any event constituting "Good Reason",  as
described below.

               Executive  shall have "Good Reason" to terminate  this  Agreement
and his  employment  upon the  occurrence  of any of the following  events:  (a)
Executive  is  assigned  duties   inconsistent   with  the  positions,   duties,

                                      -6-
<PAGE>
responsibility  and  status of the  President  and Chief  Executive  Officer  of
Rural/Metro;  (b)  Executive is required to relocate to an  employment  location
that is more than fifty (50) miles from his current  employment  location (which
the  parties  agree  is  Rural/Metro's  present  Scottsdale  headquarters);  (c)
Executive's  Base Salary rate is reduced to a level that is at least ten percent
(10%) less than the salary paid to  Executive  during any prior  calendar  year,
unless  Executive has agreed to said  reduction or unless  Rural/Metro  makes an
across-the-board  reduction that applies to all executives; or (d) the potential
incentive  compensation  (or bonus) to which Executive may become entitled under
the MIP at any level of  performance  by the Executive or Rural/Metro is reduced
by seventy-five percent (75%) or more as compared to any prior year.

               Notwithstanding  the above  provisions,  Executive shall not have
"Good Reason" to terminate  this  Agreement and his employment if, within thirty
(30) days of the  written  notice of Good  Reason  provided  to  Rural/Metro  by
Executive,  Rural/Metro corrects,  remedies or reverses any event which resulted
in Good Reason.

               If Executive  terminates  this  Agreement and his  employment for
Good Reason,  Executive shall be entitled to receive Severance Benefits pursuant
to paragraph 9.

          B.   TERMINATION WITHOUT GOOD REASON.

               Executive  also may terminate  this  Agreement and his employment
without Good Reason at any time by giving sixty (60) days notice to Rural/Metro.
If Executive  terminates this Agreement and his employment  without Good Reason,
Executive  shall not receive  Severance  Benefits  pursuant to  paragraph  9. If
Executive  terminates this Agreement and his employment  without Good Reason and

                                      -7-
<PAGE>
for reasons other than health considerations, Executive shall pay Rural/Metro in
equal  monthly   installments  a  sum  equal  to  the  net  Base  Salary  (after
withholdings  and deductions)  received by Executive  during the period equal to
the greater of (i) 2 years  preceding  termination of employment or (ii) 5 years
minus the number of days between the Effective  Date and the  effective  date of
termination of employment.

          C.   ADMINISTRATIVE LEAVE.

               Rural/Metro may place Executive on a paid  administrative  leave,
and   bar  or   restrict   Executive's   access   to   Rural/Metro   facilities,
contemporaneously  with or at any time  following  the  delivery  of the written
notice of termination by Executive pursuant to paragraph 7A or 7B.

     8.   DEATH OR DISABILITY.

          This Agreement will terminate  automatically on Executive's death. Any
compensation  or other amounts due to Executive for services  rendered  prior to
his death shall be paid to Executive's  surviving  spouse,  or if Executive does
not leave a surviving spouse, to Executive's  estate. No other benefits shall be
payable to  Executive's  heirs  pursuant to this  Agreement,  but amounts may be
payable  pursuant to any life  insurance or other  benefit  plans  maintained by
Rural/Metro.

          In the event  Executive  becomes  "Disabled",  Executive's  employment
hereunder and Rural/Metro's  obligation to pay Executive's Base Salary (less any
amounts  payable to Executive  pursuant to any  long-term  disability  insurance
policy paid for by  Rural/Metro)  shall  continue for a period of six (6) months
from the date as of which  Executive is determined to have become  Disabled,  at

                                      -8-
<PAGE>
which point,  Executive's  employment  hereunder shall  automatically  cease and
terminate.  Executive  shall be considered  "Disabled" or to be suffering from a
"Disability" for purposes of this paragraph 8 if Executive is unable,  after any
reasonable  accommodations  required by the Americans with  Disabilities  Act or
other applicable law, to perform the essential functions of his position because
of a  physical  or  mental  impairment.  In the  absence  of  agreement  between
Rural/Metro and Executive as to whether  Executive is Disabled or suffering from
a  Disability  (and the  date as of which  Executive  became  Disabled)  will be
determined  by a  licensed  physician  selected  by  Rural/Metro.  If a licensed
physician  selected  by  Executive  disagrees  with  the  determination  of  the
physician  selected by Rural/Metro,  the two (2) physicians shall select a third
(3rd)  physician.   The  decision  of  the  third  (3rd)  physician   concerning
Executive's  Disability  then shall be binding and  conclusive on all interested
parties.

     9.   SEVERANCE BENEFITS.

          If during the Initial Term or any Renewal  Term,  this  Agreement  and
Executive's  employment are terminated without Cause by Rural/Metro  pursuant to
paragraph 6B prior to the last day of the Initial Term or any Renewal  Term,  or
if Executive  elects to terminate  this  Agreement  for Good Reason  pursuant to
paragraph 7A, Executive shall receive the "Severance  Benefits" provided by this
paragraph.  To the extent  provided in paragraph 5, Executive also shall receive
the Severance Benefits if this Agreement is not renewed. In addition,  Executive
also shall receive the Severance Benefits if his employment is terminated due to
Disability pursuant to paragraph 8.

          The Severance Benefits shall begin immediately following the effective
date of termination of employment and, except as otherwise provided herein, will

                                      -9-
<PAGE>
continue to be payable for a period (the "Benefit  Period") equal to the greater
of (i) 2 years or (ii) 5 years minus the number of days  between  the  Effective
Date and the effective date of termination of employment.

          The Executive's  Severance  Benefits shall consist of the continuation
of the Executive's then Base Salary for the Benefit Period,  which shall be paid
in lieu of any accrued sick leave,  vacation,  etc. The Severance  Benefits also
shall consist of the continuation,  for the Benefit Period, of any health, life,
disability,  or other insurance  benefits that Executive was receiving as of his
last day of active  employment.  If a  particular  insurance  benefit may not be
continued  for any reason,  Rural/Metro  shall pay a "Benefit  Allowance" to the
Executive. The "Benefit Allowance" will equal 145% of the cost to Rural/Metro of
providing the unavailable  insurance benefit to a similarly  situated  employee.
The Benefit  Allowance shall be paid on a monthly basis or in a single lump sum.
The cost of providing the unavailable  benefit to a similarly  situated employee
and whether the Benefit  Allowance will be paid in monthly  installments or in a
lump sum will be determined by Rural/Metro in the exercise of its discretion.

          If Executive voluntarily  terminates this Agreement and his employment
without Good Reason prior to the end of the Initial Term or any Renewal Term, or
if Rural/Metro terminates the Agreement and Executive's employment for Cause, no
Severance Benefits shall be paid to Executive. No Severance Benefits are payable
in the event of Executive's death while in the active employ of Rural/Metro.

          Severance  Benefits  will cease if  Executive  elects to forgo  future
Severance  Benefits  pursuant  to  paragraph  12F in order to avoid any  further
restrictions  on his  ability to engage in a  competing  business  or to solicit

                                      -10-
<PAGE>
employees or clients.  If Executive makes an election pursuant to paragraph 12F,
the Severance Benefits will cease as of the effective date of the election. As a
general  rule,  notwithstanding  any  contrary  provision  in any  Stock  Option
Agreement,  Executive will not be allowed to exercise any options  following the
effective date of an election made pursuant to paragraph 12F.

          Severance Benefits also shall immediately cease if Executive commits a
material   violation  of  any  of  the  terms  of  this  Agreement  relating  to
confidentiality  and  non-disclosure,  as set  forth  in  paragraph  11,  or the
Covenant-Not-To-Compete,  as set forth in paragraph 12. Only material violations
will result in the loss of Severance Benefits. In addition, if a violation, even
if material,  is one that may be cured,  the violation will not be considered to
be material  unless  Executive  fails to cure said violation  within thirty (30)
days after receiving written notice of said violation from Rural/Metro or unless
Executive repeats said violation at any time after receiving said notice.

          The  payment of  Severance  Benefits  shall not be affected by whether
Executive seeks or obtains other employment.  Executive shall have no obligation
to seek or obtain other employment and Executive's  Severance Benefits shall not
be impacted by Executive's failure to "mitigate."

          In order to receive the Severance Benefits, Executive must execute any
release reasonably requested by Rural/Metro of claims that Executive may have in
connection with his employment with Rural/Metro.

                                      -11-
<PAGE>
     10.  BENEFITS.

          A.   BENEFIT PLANS, INSURANCE, OPTIONS, ETC.

               Executive  will be entitled to  participate in any benefit plans,
including,  but not limited to, retirement plans, stock option plans, disability
plans,  life  insurance  plans and health and dental  plans  available  to other
Rural/Metro executive employees,  subject to any restrictions (including waiting
periods) specified in said plans.

          B.   VACATION.

               Executive  is  entitled  to four (4) weeks of paid  vacation  per
calendar year,  with such vacation to be scheduled and taken in accordance  with
Rural/Metro's  standard vacation  policies.  If Executive does not take the full
vacation  available in any year, the unused  vacation may not be carried over to
the next calendar year, and Executive will not be compensated for it.

     11.  CONFIDENTIALITY AND NON-DISCLOSURE.

          During the course of his employment,  Executive will become exposed to
a substantial amount of confidential and proprietary information, including, but
not limited to financial  information,  annual  reports,  audited and  unaudited
financial  reports,  operational  budgets and strategies,  methods of operation,
customer lists, strategic plans, business plans, marketing plans and strategies,
new business strategies,  merger and acquisition strategies,  management systems
programs,  computer systems,  personnel and compensation information and payroll
data,  and other  such  reports,  documents  or  information  (collectively  the
"Confidential  and  Proprietary  Information").  In the event his  employment is
terminated by either party for any reason,  Executive  promises that he will not
take with him any copies of such Confidential and Proprietary Information in any

                                      -12-
<PAGE>
form,  format, or manner whatsoever  (including  computer  print-outs,  computer
tapes, floppy disks, CD-ROMs, etc.) nor will he disclose the same in whole or in
part to any  person or entity,  in any manner  either  directly  or  indirectly.
Excluded from this Agreement is information  that is already  disclosed to third
parties  and  is in  the  public  domain  or  that  Rural/Metro  consents  to be
disclosed,  with such consent to be in writing. The provisions of this paragraph
shall survive the termination of this Agreement.

     12.  COVENANT-NOT-TO-COMPETE.

          A.   INTERESTS TO BE PROTECTED.

               The parties  acknowledge  that during the term of his employment,
Executive will perform  essential  services for  Rural/Metro,  its employees and
shareholders, and for clients of Rural/Metro. Therefore, Executive will be given
an opportunity to meet, work with and develop close working  relationships  with
Rural/Metro's clients on a first-hand basis and will gain valuable insight as to
the clients' operations, personnel and need for services. In addition, Executive
will be exposed to, have access to, and be required to work with, a considerable
amount of Rural/Metro's Confidential and Proprietary Information.

               The parties also  expressly  recognize and  acknowledge  that the
personnel of Rural/Metro  have been trained by, and are valuable to Rural/Metro,
and that if Rural/Metro must hire new personnel or retrain existing personnel to
fill vacancies it will incur substantial expense in recruiting and training such
personnel.  The parties  expressly  recognize that should Executive compete with
Rural/Metro in any manner whatsoever, it could seriously impair the goodwill and
diminish the value of Rural/Metro's business.

                                      -13-
<PAGE>
               The  parties  acknowledge  that  this  covenant  has an  extended
duration;  however,  they  agree  that this  covenant  is  reasonable  and it is
necessary for the protection of Rural/Metro, its shareholders and employees.

               For  these and other  reasons,  and the fact that  there are many
other employment  opportunities  available to Executive if he should  terminate,
the parties are in full and complete  agreement  that the following  restrictive
covenants (which together are referred to as the  "Covenant-Not-To-Compete") are
fair and  reasonable  and are freely,  voluntarily  and knowingly  entered into.
Further,  each party has been given the opportunity to consult with  independent
legal counsel before entering into this Agreement.

          B.   DEVOTION TO EMPLOYMENT.

               Executive  shall devote  substantially  all his business time and
efforts to the  performance of his duties on behalf of  Rural/Metro.  During his
term of  employment,  Executive  shall not at any time or place or to any extent
whatsoever,  either directly or indirectly,  without the express written consent
of Rural/Metro, engage in any outside employment, or in any activity competitive
with or adverse to Rural/Metro's business, practice or affairs, whether alone or
as partner, officer, director, employee,  shareholder of any corporation or as a
trustee, fiduciary, consultant or other representative.  This is not intended to
prohibit Executive from engaging in nonprofessional  activities such as personal
investments or conducting to a reasonable  extent private business affairs which
may include other boards of directors' activity, as long as they do not conflict
with  Rural/Metro.  Participation  to a  reasonable  extent in civic,  social or
community activities is encouraged.

                                      -14-
<PAGE>
          C.   NON-SOLICITATION OF CLIENTS.

               During the term of Executive's  employment  with  Rural/Metro and
for a period, after the termination of employment with Rural/Metro, equal to the
greater  of (i) 2 years or (ii) 5 years  minus the  number of days  between  the
Effective  Date  and  the  effective  date of  termination  of  employment  (the
"Non-Compete  Period"),  regardless  of who initiates  the  termination  and for
whatever reason, Executive shall not directly or indirectly,  for himself, or on
behalf of, or in conjunction  with, any other person(s),  company,  partnership,
corporation,  or  governmental  entity,  in any  manner  whatsoever,  call upon,
contact,  encourage, handle or solicit client(s) of Rural/Metro with whom he has
worked as an employee of Rural/Metro at any time prior to termination, or at the
time of termination,  for the purpose of soliciting or selling such customer the
same, similar, or related services that he provided on behalf of Rural/Metro.

          D.   NON-SOLICITATION OF EMPLOYEES.

               During the term of Executive's  employment  with  Rural/Metro and
for the Non-Compete Period,  regardless of who initiates the termination and for
any reason, Executive shall not knowingly,  directly or indirectly, for himself,
or  on  behalf  of,  or in  conjunction  with,  any  other  person(s),  company,
partnership,  corporation, or governmental entity, seek to hire, and/or hire any
of Rural/Metro's  personnel or employees for the purpose of having such employee
engage in services  that are the same,  similar or related to the services  that
such employee provided for Rural/Metro.

          E.   COMPETING BUSINESS.

               During the term of this Agreement and for the Non-Compete Period,

                                      -15-
<PAGE>
regardless of who initiates the termination and for any reason,  Executive shall
not,  directly or  indirectly,  for himself,  or on behalf of, or in conjunction
with, any other person(s),  company,  partnership,  corporation, or governmental
entity,  in any manner  whatsoever,  engage in the same or similar  business  as
Rural/Metro,  which would be in direct  competition with any Rural/Metro line of
business,  in any  geographical  service  area where  Rural/Metro  is engaged in
business,  or was  considering  engaging  in  business  at any time prior to the
termination or at time of termination.  For the purposes of this provision,  the
term  "competition"  shall mean directly or  indirectly  engaging in or having a
substantial interest in a business or operation which is, or will be, performing
the same services provided by Rural/Metro.

          F.   ELECTION TO SHORTEN PERIOD.

               Executive may elect to shorten the Non-Compete Period referred to
in  subparagraphs  C, D and E to any period of at least twelve (12)  months.  In
order to make this  election,  Executive must provide  Rural/Metro  with written
notice at least sixty (60) days prior to the expiration of the shortened period.
As provided in paragraph  9, if Executive  makes this  election,  any  Severance
Benefits  provided by paragraph 9 will be  discontinued as of the effective date
of the election.

          G.   AUTOMATIC REDUCTION OF PERIOD.

               The Non-Compete  Period referred to in  subparagraphs  C, D and E
will be  shortened to twelve (12) months if Executive is not entitled to receive
Severance  Benefits  pursuant to paragraph 9 at the time of his  termination  or
employment.

                                      -16-
<PAGE>
          H.   JUDICIAL AMENDMENT.

               If the scope of any  provision of this  Agreement is found by the
Court to be too  broad to  permit  enforcement  to its full  extent,  then  such
provision shall be enforced to the maximum extent  permitted by law. The parties
agree that the scope of any  provision  of this  Agreement  may be modified by a
judge in any proceeding to enforce this Agreement, so that such provision can be
enforced to the  maximum  extent  permitted  by law.  If any  provision  of this
Agreement is found to be invalid or unenforceable  for any reason,  it shall not
affect the validity of the remaining provisions of this Agreement.

          I.   INJUNCTIVE RELIEF, DAMAGES AND FORFEITURE.

               Due to the nature of Executive's  position with Rural/Metro,  and
with full  realization  that a violation of this Agreement will cause  immediate
and  irreparable  injury and  damage,  which is not readily  measurable,  and to
protect  Rural/Metro's  interests,  Executive  understands  and  agrees  that in
addition to instituting  legal  proceedings to recover damages  resulting from a
breach of this Agreement, Rural/Metro may seek to enforce this Agreement with an
action  for  injunctive  relief,  to cease or prevent  any actual or  threatened
violation of this Agreement on the part of Executive.

          J.   SURVIVAL.

               The provisions of this paragraph 12 shall survive the termination
of this Agreement.

     13.  DEFERRAL OF AMOUNTS PAYABLE UNDER THIS AGREEMENT.

          A payment due pursuant to this Agreement or the MIP may be deferred if
and to the extent that the  payment  does not  satisfy  the  requirements  to be
"qualified  performance-based  compensation"  (as such  term is  defined  by the

                                      -17-
<PAGE>
regulations  issued under  Section  162(m) of the Internal  Revenue Code of 1986
(the "Code")) and when combined with all other payments received during the year
that are subject to the limitations on deductibility under Section 162(m) of the
Code, the payment exceeds the limitations on deductibility  under Section 162(m)
of the  Code.  The  deferral  of  payments  shall  be in the  discretion  of the
Compensation Committee of Rural/Metro,  and shall be made pursuant to a Deferred
Compensation  Agreement or Plan  acceptable to Rural/Metro  and Executive.  Such
deferred  amounts,  with interest at the rate of 8% per annum,  shall be paid as
soon as possible  but in no event later than the  sixtieth  (60th) day after the
end of the next  succeeding  calendar  year,  provided that such  payment,  when
combined  with any other  payments  subject to the  Section  162(m)  limitations
received during the year, does not exceed the limitations on deductibility under
Section  162(m) of the Code.  If the payments in such  succeeding  calendar year
exceed the limitations on  deductibility  under Section 162(m) of the Code, such
payments  shall continue to be deferred to the next  succeeding  year. The above
procedure  shall be repeated  until such payments can be paid without  exceeding
the limitation on deductibility under Section 162(m) of the Code.

     14.  BUSINESS EXPENSES.

          Rural/Metro  will  reimburse  Executive  for any  and  all  necessary,
customary,   and  usual   expenses,   properly   receipted  in  accordance  with
Rural/Metro's policies, incurred by Executive on behalf of Rural/Metro.

     15.  AMENDMENTS.

          This  Agreement,  the  Executive's  Stock  Option  Agreements  and the
Executive's Change of Control Agreement  constitute the entire agreement between

                                      -18-
<PAGE>
the  parties as to the subject  matter  hereof.  Accordingly,  there are no side
agreements or verbal  agreements  other than those which are stated  above.  Any
amendment,  modification  or change in this Agreement must be done so in writing
and signed by both parties.

     16.  SEVERABILITY.

          In the event a court or arbitrator declares that any provision of this
Agreement is invalid or unenforceable,  it shall not affect or invalidate any of
the  remaining  provisions.  Further,  the court  shall  have the  authority  to
re-write  that  portion  of the  Agreement  it deems  unenforceable,  to make it
enforceable.

     17.  GOVERNING LAW.

          The law of the State of Arizona  shall govern the  interpretation  and
application of all of the provisions of this Agreement.

     18.  INDEMNITY.

          Executive  shall be  indemnified in his position to the fullest extent
permitted or required by the laws of the State of Delaware.

     19.  DISPUTE RESOLUTION.

          A.   MEDIATION.

               Any and all disputes  arising  under,  pertaining  to or touching
upon this  Agreement  or the  statutory  rights or  obligations  of either party
hereto,  shall,  if not  settled  by  negotiation,  be  subject  to  non-binding
mediation  before an independent  mediator  selected by the parties  pursuant to
paragraph 19D. Notwithstanding the foregoing, both Executive and Rural/Metro may

                                      -19-
<PAGE>
seek  preliminary   judicial  relief  if  such  action  is  necessary  to  avoid
irreparable  damage  during the  pendency of the  proceedings  described in this
paragraph 19. Any demand for mediation  shall be made in writing and served upon
the other party to the dispute, by certified mail, return receipt requested,  at
the business address of Rural/Metro,  or at the last known residence  address of
Executive,  respectively. The demand shall set forth with reasonable specificity
the basis of the dispute and the relief sought. The mediation hearing will occur
at a time and place  convenient  to the  parties in  Maricopa  County,  Arizona,
within thirty (30) days of the date of selection or appointment of the mediator.

          B.   ARBITRATION.

               In the event that the dispute is not settled  through  mediation,
the  parties  shall  then  proceed  to  binding   arbitration  before  a  single
independent  arbitrator  selected  pursuant to paragraph 19D. The mediator shall
not serve as  arbitrator.  TO THE EXTENT  ALLOWABLE  UNDER  APPLICABLE  LAW, ALL
DISPUTES  INVOLVING  ALLEGED  UNLAWFUL  EMPLOYMENT  DISCRIMINATION,   BREACH  OF
CONTRACT  OR  POLICY,   OR  EMPLOYMENT   TORT  COMMITTED  BY  RURAL/METRO  OR  A
REPRESENTATIVE  OF  RURAL/METRO,  INCLUDING  CLAIMS OF  VIOLATIONS OF FEDERAL OR
STATE  DISCRIMINATION  STATUTES OR PUBLIC POLICY,  SHALL BE RESOLVED PURSUANT TO
THIS  POLICY AND THERE  SHALL BE NO  RECOURSE  TO COURT,  WITH OR WITHOUT A JURY
TRIAL. The arbitration hearing shall occur at a time and place convenient to the
parties in Maricopa  County,  Arizona,  within  thirty (30) days of selection or
appointment  of the  arbitrator.  If  Rural/Metro  has  adopted a policy that is
applicable to arbitrations  with executives,  the arbitration shall be conducted

                                      -20-
<PAGE>
in accordance  with said policy to the extent that the policy is consistent with
this  Agreement and the Federal  Arbitration  Act, 9 U.S.C.  "" 1-16. If no such
policy has been adopted, the arbitration shall be governed by the National Rules
for the  Resolution of  Employment  Disputes of AAA in effect on the date of the
first  notice of demand for  arbitration.  The  arbitrator  shall issue  written
findings of fact and conclusions of law, and an award,  within fifteen (15) days
of the date of the hearing unless the parties otherwise agree.

          C.   DAMAGES.

               In cases of  breach  of  contract  or  policy,  damages  shall be
limited to contract  damages.  In cases of  discrimination  claims prohibited by
statute,  the  arbitrator  may direct  payment  consistent  with the  applicable
statute.  In cases of employment tort, the arbitrator may award punitive damages
if proved by clear and convincing evidence. The arbitrator may award fees to the
prevailing  party and  assess  costs of the  arbitration  to the  non-prevailing
party.  Issues of procedure,  arbitrability,  or  confirmation of award shall be
governed by the Federal  Arbitration  Act, 9 U.S.C.  "" 1-16,  except that Court
review of the arbitrator's award shall be that of an appellate court reviewing a
decision of a trial judge sitting without a jury.

          D.   SELECTION OF MEDIATORS OR ARBITRATORS.

               The parties shall select the mediator or arbitrator  from a panel
list made available by the AAA. If the parties are unable to agree to a mediator
or  arbitrator  within ten (10) days of receipt  of a demand  for  mediation  or
arbitration, the mediator or arbitrator will be chosen by alternatively striking
from a list of five (5) mediators or arbitrators  obtained by  Rural/Metro  from
AAA. Executive shall have the first strike.

                                      -21-
<PAGE>
         IN WITNESS  WHEREOF,  Rural/Metro  and  Executive  have  executed  this
Agreement on this ninth day of July, 2001.

EXECUTIVE                               RURAL/METRO CORPORATION

/s/ Jack Brucker                        By: /s/ Cor Clement
------------------------------------        ------------------------------------
Jack Brucker                                Cor Clement
                                            Chairman, Board of Directors

                                      -22-

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