Document:

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                                                                   Exhibit 10.34

                            NATIONAL CITY CORPORATION
                     SUPPLEMENTAL CASH BALANCE PENSION PLAN

                       ARTICLE 1. THE PLAN AND ITS PURPOSE
                       -----------------------------------

         1.1 ADOPTION OF THE PLAN. The following are the provisions of the
National City Corporation Supplemental Cash Balance Plan (herein referred to as
the "Plan") effective as of January 1, 1999 (herein referred to as the
"Effective Date"). The Plan is effective as of the Effective Date with respect
to certain employees who retire, become disabled, die or otherwise terminate
employment on or after the Effective Date.

         1.2 PURPOSE. The purpose of the Plan is to provide for the payment of
certain pension and survivor benefits in addition to benefits which may be
payable under other Plans of the Corporation. The Corporation intends and
desires by the provisions of the Plan to recognize the value to the Corporation
of the past and present service of employees covered by the Plan and to
encourage and assure their continued service to the Corporation by making more
adequate provision for their future security than other Plans of the Corporation
provide.

         1.3 OPERATION OF THE PLAN. The Plan shall be administered by the
Compensation and Organization Committee of the Board of Directors of the
Corporation.

                             ARTICLE 2. DEFINITIONS
                             ----------------------

         2.1 DEFINITIONS. Whenever used herein, the following terms shall have
the meanings set forth below, unless otherwise expressly provided. When the
defined meaning is intended, the term is capitalized.

             (a) ACCRUED BENEFIT: The benefit to which a Participant is entitled
at any date expressed as a monthly benefit payable in the form of a single life
annuity commencing on such date that is equal to the amount determined by
dividing (a) by (b), where (a) is the Participant's Supplemental Cash Balance
Account as of such date and (b) is the immediate annuity factor for one dollar
of benefit payable as a single life annuity based upon the Participant's age in

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completed years and months as of such date. The immediate annuity factor shall
be based on the applicable actuarial assumptions set forth in the NC Retirement
Plan.

             (b) ACTIVE PARTICIPANT: A Participant shall be an Active
Participant for a Plan Year if the sum of his/her "Earnings" under the NC
Retirement Plan together with his/her Supplemental Earnings exceeds the annual
limit on compensation set forth in Section 401(a)(17) of the Internal Revenue
Code, as in effect for such Plan Year.

             (c) ACTUARIALLY EQUIVALENT BENEFIT: The actuarially equivalent
benefit determined under the Plan using the actuarial factors set forth in the
NC Retirement Plan.

             (d) BENEFIT COMMENCEMENT DATE : The first day of the first period
for which a Participant's benefits are to be paid as an annuity or any other
form, without regard to whether the Participant's benefit is actually paid or
commences to be paid on such date.

             (e) CHANGE IN CONTROL: The term "Change in Control" shall have the
meaning set forth in Section 11.2 of the Plan.

             (f) CORPORATION: National City Corporation, a Delaware corporation,
and any successor corporation.

             (g) COMMITTEE: The Compensation and Organization Committee of the
Board of Directors of the Corporation or any successor committee of the board
operating as the Committee under the Plan.

             (h) CURRENT SUPPLEMENTAL CASH BALANCE ACCOUNT: As of any date, the
Participant's Supplemental Cash Balance Account as determined by taking into
account the Participant's Supplemental Pay Credits as of such date and Interest
Credits through that date (without regard to Interest Credits, if any, provided
for under the Plan for periods after that date).

             (i) DEATH BENEFICIARY: The person (natural or legal) who may be
entitled to receive benefits payable under the Plan in the event of the death of
a Participant. Such person or persons may be designated by the Participant (and
such designation may be revoked or changed

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without the consent of any previously designated Death Beneficiary), only by an
instrument, in form acceptable to the Committee, signed by the Participant and
filed with the Committee before the earlier of (i) the Participant's death, or
(ii) the Participant's Benefit Commencement Date. In the event that a Death
Beneficiary shall not have been designated hereunder (or, if so designated shall
have not survived the Participant), a Participant's Death Beneficiary shall be
the person designated or otherwise treated as his or her designated beneficiary
under the NC Retirement Plan.

             (j) EFFECTIVE DATE: See Section 1.1.

             (k) EMPLOYEE: An individual employed with an Employer

             (l) EMPLOYER: The Corporation or any corporation, organization or
entity controlled by the Corporation.

             (m) FICA: The Federal Insurance Contributions Act.

             (n) INTEREST CREDITS: Each Supplemental Cash Balance Account shall
be credited with interest. The annual rate of interest to be credited shall be
the applicable rate of interest set forth in Section 1.1(2) of the NC Retirement
Plan. No interest shall be credited for periods after the Participant's Benefit
Commencement Date.

             (o) INTERNAL REVENUE CODE: The Internal Revenue Code of 1986, as
amended and in effect from time to time of the effective date(s) of such
amendment(s), and the same is hereby specifically referred to.

             (p) NC RETIREMENT PLAN: The National City Non-Contributory
Retirement Plan as amended and restated as of January 1, 1999 and as may be
amended and restated from time to time thereafter

             (q) NORMAL RETIREMENT DATE: The term "Normal Retirement Date" shall
have the same meaning as in the NC Retirement Plan.

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             (r) PARTICIPANT: An Employee who has been selected by the Committee
pursuant to Article 3 of the Plan for participation in the Plan.

             (s) PLAN: The Supplemental Cash Balance Plan as effective on and
after the Effective Date.

             (t) PLAN YEAR: The 12-month period commencing on January 1 and
ending on December 31 of each year.

             (u) SUPPLEMENTAL CASH BALANCE ACCOUNT: The notional account
established and maintained for a Participant which shall be credited with (a)
Supplemental Pay Credits and (b) Interest Credits.

             (v) SUPPLEMENTAL EARLY RETIREMENT BENEFIT: The early retirement
benefit provided for by Section 4.3 of the Plan.

             (w) SUPPLEMENTAL EARNINGS: All compensation paid to an Employee or
electively deferred by an Employee excluding:

                  (1) automobile and parking allowances, relocation expense
                  payments, tuition reimbursements, signing bonuses, business
                  expense reimbursements, the value of flex vacation bought or
                  sold, Employer-paid club dues, cash payments upon the exercise
                  of stock appreciation rights, cash payments upon the exercise
                  of or disposition of stock options, dividends paid upon
                  restricted stock, cash payments under any long-term incentive
                  plan, deferred cash payments, Mexican tax refunds, medical
                  supplemental adjustment payments, tax adjustments on certain
                  payments, the lapse of restricted stock, payments under
                  nonqualified retirement plans, lump sum severance payments and
                  amounts not taxable to an Employee; and

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                  (2) bonuses, commissions, incentive compensation payments
                  (other than payments under the National City Corporation
                  Management Compensation Plan for Senior Officers) or other
                  forms of special compensation, whether paid in cash to or
                  electively deferred by an Employee, to the extent the total of
                  such amounts exceeds $500,000;

REDUCED by the amount credited as "Earnings" under the NC Retirement Plan.

             (x) SUPPLEMENTAL LATE RETIREMENT BENEFIT: The late retirement
benefit provided for by Section 4.3 of the Plan.

             (y) SUPPLEMENTAL NORMAL RETIREMENT BENEFIT: The benefit provided
for by Section 4.2 of the Plan.

             (z) SUPPLEMENTAL PAY CREDITS: A Supplemental Pay Credit shall be
credited to the Supplemental Cash Balance Account of each Participant who was an
Active Participant during that Plan Year. The Supplemental Pay Credit shall be
calculated in the same manner as "Pay Credits" are calculated under Section
1.1(33)(a) of the NC Retirement Plan, except that: (1) such Supplemental Pay
Credits shall be calculated on the basis of Supplemental Earnings; and (2) such
Supplemental Pay Credits shall be calculated without regard to any "additional
Pay Credits" which might be credited under Section 1.1(33)(b) of the NC
Retirement Plan.

             (aa) SUPPLEMENTAL RETIREMENT BENEFIT: The benefit provided for by
Section 4.1 of the Plan.

             (bb) VESTING EVENT: The earliest of the following dates with
respect to a Participant:

                           (1) the later of the date the Participant: (i) has
                           attained age fifty-five (55), (ii) has completed five
                           (5) years of Vesting Service, or (iii) has executed a
                           confidentiality and non-competition agreement
                           substantially in form as Exhibit A attached to the
                           Plan;

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                           (2) the date any benefit is in payment status
                           hereunder; or

                           (3) the Effective Date of a Change in Control (as
                           determined in accordance with Section 11.3).

             (cc) VESTING SERVICE: Vesting Service shall mean Vesting Service as
determined under the NC Retirement Plan as in effect from time to time.

             (dd) VOTING STOCK: Voting Stock shall mean the then outstanding
securities of a company entitled to vote generally in the election of directors.

                    ARTICLE 3. ELIGIBILITY AND PARTICIPATION
                    ----------------------------------------

         3.1 ELIGIBILITY. The eligibility for benefits under the Plan shall be
limited to management and highly-compensated Employees. The Committee shall,
from time to time and in its discretion designate certain Employees of the
Corporation or its subsidiaries to be eligible for benefits under the Plan.

         3.2 REMOVAL FROM PARTICIPATION. The Committee may, from time to time
and in its sole discretion, remove any employee from the list of eligible
Employees, provided such removal shall be effective only upon communication
thereof in writing to the Participant prior to the earlier to occur of the
following dates: (1) the date of the Participant's death, disability, or
retirement, whichever first occurs, and (2) the date of the Committee's approval
of the Participant's Early Retirement as provided for in Article 4 hereof, and
provided further that in the event such removal takes place after a Vesting
Event, such removal shall not serve to reduce any Participant's Accrued Benefit.
Upon a removal of a Participant prior to the occurrence of a Vesting Event he or
she shall no longer be a Participant in the Plan.

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                       ARTICLE 4. PLAN RETIREMENT BENEFIT
                       ----------------------------------

         4.1 SUPPLEMENTAL RETIREMENT BENEFITS. "Supplemental Retirement
Benefits" constitute the Supplemental Normal Retirement Benefit, the
Supplemental Early Retirement Benefit and the Supplemental Late Retirement
Benefit provided for by this Article 4.

         4.2 ELIGIBILITY FOR SUPPLEMENTAL NORMAL RETIREMENT BENEFIT. Each
Participant becomes eligible for a Supplemental Normal Retirement Benefit upon
his/her Normal Retirement Date.

         4.3 ELIGIBILITY FOR LATE OR EARLY RETIREMENT BENEFIT. A Participant
shall become eligible for a Supplemental Early Retirement upon the first day of
the calendar month following the later of (i) the Participant's attainment of
age 55 and, (ii) his/her completion of 10 years of Vesting Service.
Notwithstanding the foregoing, a Participant may also become eligible for a
Supplemental Early Retirement Benefit prior to attainment of age 55, or may
continue in employment after age 65 and thus become eligible for a Supplemental
Late Retirement Benefit, but only upon the approval of the Committee, acting in
its sole discretion.

         4.4 SUPPLEMENTAL NORMAL RETIREMENT BENEFIT. The annual Supplemental
Normal Retirement Benefit shall be an amount per month equal to the
Participant's Accrued Benefit. Such Supplemental Normal Retirement Benefit shall
begin with the month following the termination of employment and continue during
his/her lifetime, the last monthly payment to be made on the first day of the
month in which he/she dies.

         4.5 SUPPLEMENTAL LATE RETIREMENT BENEFIT. The annual Supplemental Late
Retirement Benefit shall be an amount per month equal to the Participant's
Accrued Benefit. Such Supplemental Late Retirement Benefit shall begin with the
month following the termination of employment and continue during his/her
lifetime, the last monthly payment to be made on the first day of the month in
which he/she dies.

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         4.6 SUPPLEMENTAL EARLY RETIREMENT BENEFIT. The annual Supplemental
Early Retirement Benefit shall be an amount per month equal to the Participant's
Accrued Benefit as of his/her benefit commencement date. A Participant may elect
to receive a Supplemental Early Retirement Benefit commencing on the first day
of any month (not later than the first day of the month following his/her Normal
Retirement Date) designated by him/her which date is subsequent to his/her
termination of employment and continuing during his/her lifetime, the last
monthly payment to be made on the first day of the month in which he/she dies.

         4.7 OFFSET OF SUPPLEMENTAL RETIREMENT BENEFIT. During the first five
years of payment of any Plan benefits, the amount otherwise payable to a
Participant or Death Beneficiary hereunder shall be reduced by the amount of the
payments, if any, made from time to time by the Employer of the Participant's
portion of FICA taxes pursuant to Section 6.3 of the Plan ("FICA Payment")
divided by five (with the consequent loss to the Employer in the event the
benefits cease before the end of the five year period). Further, to the extent
the Participant's or Death Beneficiary's benefit under the Plan is distributed
in whole or in part by lump sum payment, the FICA Payment shall be deducted from
such lump sum payment (to zero, if such be the case) and any FICA Payment not so
reimbursed shall be divided equally among the benefit payments scheduled over
the next five years.

         4.8 PAYMENT OF PLAN RETIREMENT BENEFIT. The Plan Retirement Benefit
shall be payable pursuant to the same optional forms as are permitted to be
elected under the NC Retirement Plan other than the Partial Lump Sum Option
thereunder, provided however, that (1) the form and method of payment is subject
to the approval of the Committee, acting in its discretion, and (2) there shall
be no requirement for consent of Participant's spouse for any election to be
effective under the Plan. Notwithstanding anything in this Section 4.8 to the
contrary, the Committee in its sole discretion may select a combination of
methods of payment

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of the Plan Retirement Benefit and may permit or require a Participant to
receive his/her Plan Retirement Benefit in whole or in part as a lump sum
payment.

                    ARTICLE 5. SUPPLEMENTAL SURVIVOR BENEFIT
                    ----------------------------------------

         5.1 ELIGIBILITY FOR SUPPLEMENTAL SURVIVOR BENEFIT. If a Participant
dies before his/her Benefit Commencement Date, his/her Death Beneficiary shall
be entitled to a monthly supplemental survivor benefit payable in the form of a
single life annuity for the rest of his/her life. If the Participant dies before
he/she has satisfied the eligibility requirements for an early or normal
retirement benefit under the plan, the amount of such supplemental survivor
benefit shall be equal to 50% of the Participant's Accrued Benefit. If the
Participant dies after he/she has satisfied the eligibility requirements for an
early or normal retirement benefit under the plan, the amount of such
supplemental survivor benefit shall be equal to 66-2/3% of the Participant's
Accrued Benefit. If any survivor benefit is paid or commences to be paid prior
to the date on which the Participant would have attained his/her Normal
Retirement Date, the amount of such survivor benefit shall be based upon the
current Supplemental Cash Balance Account as of such earlier date. In lieu of
the benefit payable in the form of a single life annuity, the Death Beneficiary
may elect to have the survivor benefit paid in the form of a single lump sum
payment which is the Actuarial Equivalent of such single-life annuity.

         5.2 COMMENCEMENT OF SURVIVOR BENEFIT. The survivor benefit provided in
Section 5.1 shall commence to be paid to the Death Beneficiary on the first day
of any month after the Participant's Death, but in no event later than the
December 1 of the calendar year immediately following the calendar year in which
the Participant died. Notwithstanding the foregoing provision of this Section,
if a Death Beneficiary does not elect to receive or commence to receive his/her
survivor benefit at least 30 days before the December 1 of the calendar year
immediately following the calendar year in which the Participant died, the
survivor benefit shall be paid to the

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Death Beneficiary in the form of a single lump sum distribution by the December
31 of the calendar year.

                            ARTICLE 6. MISCELLANEOUS
                            ------------------------

         6.1 PAYMENT OF BENEFITS. Benefits hereunder shall be paid by the
Corporation from its general assets, and shall not be paid from any trust fund
established pursuant to any one or more of the Corporation's qualified
retirement Plans. All other provisions of the Plans relating to the payment of
benefits, including but not limited to the dates of first and last payment of
any benefits and the normal and optional forms of benefit payment, shall apply
to the payment of benefits hereunder, except as otherwise specifically provided
herein.

         6.2 ADMINISTRATION. Except as herein provided, the Plan shall be
administered by the Committee which shall administer it in a manner consistent
with the administration of the Plans, except that the Plan shall be administered
as an unfunded Plan which is not intended to meet the qualification requirements
of Section 401 of the Internal Revenue Code. The Committee shall have full power
and authority to interpret, construe and administer the Plan and the Committee's
interpretations and construction hereof, and actions hereunder, including the
timing, form, amount or recipient of any payment to be made hereunder, shall be
binding and conclusive on all persons for all purposes. No member of the
Committee shall be liable to any person for any action taken or omitted in
connection with the interpretation and administration of the Plan unless
attributable to his or her own willful misconduct or lack of good faith.

         6.3 CORPORATION'S POTENTIAL PAYMENT OF FICA TAX. The Corporation may,
in its sole discretion, pay, for and on behalf of a Participant, the amount, if
any, of such Participant's portion of any FICA taxes which may accrue and become
payable during the Participant's employment which results from such
Participant's Accrued Benefit, and the amount of any such

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payments(s) by the Employer (without interest) shall serve to reduce such
Participant's benefits under this Plan, to the extent as is otherwise provided
in the Plan.

         6.4 PARTICIPANTS' RIGHTS; DEATH BENEFICIARY'S RIGHTS. Except as
otherwise specifically provided, neither a Participant nor a Death Beneficiary
has rights under the Plan. It is specifically intended that no benefits shall be
payable under the Plan to a Participant or his/her Death Beneficiary prior to
the Participant's retirement on or after his/her Normal Retirement Date, on or
after his/her meeting the requirements for an Supplemental Early Retirement
Benefit (as set forth in Section 4.3) or, upon Committee approval in accordance
with the provisions of Section 4.3 hereof, at an earlier age, EXCEPTING ONLY (a)
Survivor Benefits payable to a Death Beneficiary pursuant to Article 5 of the
Plan in the event of the death of the Participant prior to retirement, and (b)
the payment of benefits after the occurrence of a Vesting Event with respect to
the Participant. No Participant or his or her Death Beneficiary shall have any
title to or beneficial ownership in any assets of the Corporation as a result of
the Plan or its benefits.

         6.5 TIMING OF PAYMENTS HEREUNDER. Notwithstanding any other provision
of the Plan, the Committee may, in its discretion, determine that benefits under
the Plan may be made at any time prior to a Participant's Normal Retirement Date
or retirement, whichever first occurs.

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                        ARTICLE 7. AMENDMENT; TERMINATION
                        ---------------------------------

         The Corporation expects to continue the Plan indefinitely, but reserves
the right, by action of the Committee, to amend it from time to time, or to
discontinue it if such a change or discontinuance is deemed necessary or
desirable. However, if the Plan should be amended or discontinued, the
Corporation shall remain obligated for benefits under the Plan with respect to
Participants and Death Beneficiaries whose benefits are in payment status at the
time of such action, with respect to any other Participants who have attained
Normal Retirement Age as of the date of such action, and, with respect to
Accrued Benefits, with respect to any other Participant as to whom a Vesting
Event has occurred.

                            ARTICLE 8. UNFUNDED PLAN
                            ------------------------

         PLAN NOT FUNDED. The Plan is an unfunded Plan and its benefits are
payable solely from the general assets of the Corporation.

                             ARTICLE 9. FORFEITURES
                             ----------------------

         Notwithstanding any provision in the Plan to the contrary excepting
only the provisions of Article 11, in the event the Committee finds

                  (a) that an Employee or former Employee who has an interest
under the Plan has been discharged by his or her Employer in the reasonable
belief (and such reasonable belief is the reason or one of the reasons for such
discharge) that the Employee or former Employee did engage in fraud against the
Employer or anyone else, or

                  (b) that an Employee or former Employee who has an interest
under the Plan has been convicted of a crime as a result of which it becomes
illegal for his Employer to employ him or her; then any amounts held under the
Plan for the benefit of such Employee or former

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Employee or his or her beneficiaries shall be forfeited and no longer payable to
such Employee or former Employee or to any person claiming by or through such
Employee or former Employee.

         Each Participant agrees to the foregoing forfeiture provisions by his
or her acceptance of his or her invitation to participate in the Plan and by his
or her continued participation.

                     ARTICLE 10. RESTRICTIONS ON ASSIGNMENTS
                     ---------------------------------------

         The interest of a Participant or his/her Death Beneficiary may not be
sold, transferred, assigned, or encumbered in any manner, either voluntarily or
involuntarily, and any attempt so to anticipate, alienate, sell, transfer,
assign, pledge, encumber, or charge the same shall be null and void; neither
shall the benefits hereunder be liable for or subject to the debts, contracts,
liabilities, engagements, or torts of any person to whom such benefits or funds
are payable, nor shall they be subject to garnishment, attachment, or other
legal or equitable process nor shall they be an asset in bankruptcy.

                          ARTICLE 11. CHANGE IN CONTROL
                          -----------------------------

         11.1     TREATMENT OF AWARDS. In the event of a Change in Control:

                           (a) The Effective Date of such Change in Control
                  shall be deemed a Vesting Event with respect to all
                  Participants, and

                           (b) The rights of all Participants in their Accrued
                  Benefits hereunder as of the Effective Date of such Change in
                  Control shall be 100% vested and nonforfeitable,
                  notwithstanding any other provision hereof.

         11.2     DEFINITION OF CHANGE IN CONTROL. "Change in Control" means the
occurrence  of any of the following events:

                           (a) The Corporation is merged, consolidated or
                  reorganized into or with another corporation or other legal
                  person, and as a result of such merger,

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                  consolidation or reorganization less than sixty-five percent
                  of the combined voting power of the then-outstanding
                  securities of such corporation or person immediately after
                  such transaction are held in the aggregate by the holders of
                  Voting Stock of the Corporation immediately prior to such
                  transaction;

                           (b) The Corporation sells or otherwise transfers all
                  or substantially all of its assets to another corporation or
                  other legal person, and as a result of such sale or transfer
                  less than sixty-five percent of the combined voting power of
                  the then-outstanding Voting Stock of such corporation or
                  person immediately after such sale or transfer is held in the
                  aggregate by the holders of Voting Stock of the Corporation
                  immediately prior to such sale or transfer;

                           (c) The Corporation files a report or proxy statement
                  with the Securities and Exchange Commission pursuant to the
                  Exchange Act disclosing in response to Form 8-K or Schedule
                  14A (or any successor schedule, form or report or item
                  therein) that a change in control of the Corporation has
                  occurred or will occur in the future pursuant to any
                  then-existing contract or transaction; or

                           (d) If, during any period of two consecutive years,
                  individuals who at the beginning of any such period constitute
                  the Directors of the Corporation cease for any reason to
                  constitute at least a majority thereof; PROVIDED, HOWEVER,
                  that for purposes of this clause (d) each Director who is
                  first elected, or first nominated for election by the
                  Corporation's stockholders, by a vote of at least two-thirds
                  of the Directors of the Corporation (or a committee thereof)
                  then still in office who were Directors of the Corporation at
                  the beginning of any such period will be deemed to have been a
                  Director of the Corporation at the beginning of such period.

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                           (e) Notwithstanding the foregoing provisions of
                  Sections 11.2(a), 11.2(b) or 11.2(c), in the case where the
                  individuals who constitute the Directors of the Corporation at
                  the time a specific transaction described in Sections 11.2(a),
                  11.2(b) or 11.2(c) is first presented or disclosed to the
                  Board will, by the terms of the definitive agreement for that
                  transaction, constitute at least a majority of the members of
                  the board of directors of the resulting corporation or person
                  immediately following such transaction, then, prior to the
                  occurrence of any event that would otherwise constitute a
                  Change in Control under any of the foregoing provisions of
                  this Section 11.2, the Board may determine by majority vote of
                  the Board that the specific transaction does not constitute a
                  Change in Control under Sections 11.2(a), 11.2(b) or 11.2(c)

         11.3 EFFECTIVE DATE OF CHANGE IN CONTROL. Notwithstanding the
foregoing, in the event a Change in Control ultimately results from discussions
or negotiations involving the Corporation or any of its officers or directors
the Effective Date of such Change in Control shall be the date such discussions
or negotiations commenced.

       ARTICLE 12. BINDING ON CORPORATION, EMPLOYEES AND THEIR SUCCESSORS
       ------------------------------------------------------------------

         The Plan shall be binding upon and inure to the benefit of the
Corporation, its successors and assigns and each Participant and his or her
surviving spouse, beneficiaries, heirs, executors, administrators and legal
representatives.

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                           ARTICLE 13. LAWS GOVERNING
                           --------------------------

         The Plan shall be construed in accordance with and governed by the laws
of the State of Ohio.

         Executed this 27th day of July, 1999 at Cleveland, Ohio, but effective
as of January 1, 1999.

                                               NATIONAL CITY CORPORATION

                                               By: /s/ Shelley J. Seifert
                                                  ------------------------------

                                      -16-<PAGE>   1
                                                                   Exhibit 10.35

                            NATIONAL CITY CORPORATION
                             EXECUTIVE SAVINGS PLAN

                As Amended and Restated Effective January 1, 2001
                -------------------------------------------------

1.       AMENDMENT AND RESTATEMENT OF THE PLAN.

         The following are the provisions of the NATIONAL CITY CORPORATION
EXECUTIVE SAVINGS PLAN effective January 1, 2001 ("Plan") which is an amendment
and restatement of the Plan in effect prior thereto, which is maintained by
National City Corporation ("Corporation") to offer the payment of deferred
compensation to certain of the management and highly compensated employees of
the Corporation and its subsidiaries and is designed to supplement benefits such
employees may receive under the National City Savings and Investment Plan
("SIP") or Companion Savings Plans (as hereinafter defined). The Corporation
intends and desires by the maintenance of this Plan to recognize the value to
the Corporation of the past and present services of employees covered by this
Plan and to encourage and assure their continued service to the Corporation by
making more adequate provision for their future security by means of deferred
compensation.

2.       THE SIP AND COMPANION SAVINGS PLANS.

         The term "Companion Savings Plan" shall include those savings and
investment plans, if any, of National City Corporation or any Subsidiary which
are modeled after the SIP, but which cover a different group(s) of eligible
employees. At the time of this Restatement such Companion Savings Plans includes
the National City Savings and Investment Plan No. 2.

         The SIP, whenever referred to in this Plan, shall mean the SIP and such
Companion Savings Plans, as amended, as they exist as of the date any
determination is made of benefits payable under this Plan.

         To the extent necessary to carry out the terms of this Plan, the SIP is
hereby specifically referred to and shall form a part of this Plan as fully as
if set forth in exhibits hereto. Where any

<PAGE>   2

matter is not covered by this Plan but is set forth in the SIP, the terms of the
SIP shall control unless such terms are determined by the Committee to be
adverse to the purposes of this Plan. In the event any express item or provision
of this Plan conflicts with any term or provision of the SIP or any Companion
Savings Plan, the terms and provisions of this Plan shall control to the extent
necessary to carry out the purposes hereof.

3.1      DEFINITIONS.

         Whenever used herein, the following terms shall have the meanings set
forth below, unless otherwise expressly provided. When the defined meaning is
intended, the term is capitalized.

             (a) "Annual Enrollment Period" shall mean the period in each
calendar year designated by the Plan Administrator during which Eligible
Participants may make elections to defer Credited Compensation under earned in
the following Plan Year.

             (b) "Board" shall mean the Board of Directors of the Corporation.

             (c) "Committee" shall mean the Compensation and Organization
Committee of the Board.

             (d) "Corporation" shall mean National City Corporation, a Delaware
corporation.

             (e) "Credited Compensation" shall have the same meaning as in the
SIP; provided, however, that the limitations set forth in subsections (b) and
(c) of Section 1.1(16) of the SIP shall not apply.

             (f) "Deferral Amount" see Section 5.

             (g) "Eligible Employee" shall mean an Employee who is employed in a
position meeting the defined eligibility criteria for participation in the Plan,
as set forth in Section 4.

             (h) "Eligible Participant" shall mean an Eligible Employee who has
been approved by the Plan Administrator to participate in the Plan for a
particular Plan Year. Such approval shall be on a Plan Year basis and shall be
reviewed annually.

                                      -2-
<PAGE>   3

             (i) "Employee" shall mean a common law employee of an Employer who
is identified as an employee of the Employer in the human resources records of
the Employer.

             (j) "Employer" shall mean the Corporation or any Subsidiary.

             (k) "Employer Matching Deferrals" see Section 7.

             (l) "Employer Contributions" shall have the same meaning as in the
SIP.

             (m) "Funds" shall mean the Funds provided for in Sections 8 and 10
hereof.

             (n) "Other Plan" shall mean any plan, program or agreement with a
purpose similar to the Plan which the Plan Administrator deems to be an Other
Plan in connection with the merger or consolidation of such plan into the Plan.

             (o) "Other Plan Transfer Date" shall mean the date established by
the Plan Administrator as the date when accumulated account balances under an
Other Plan are to be transferred into the Plan in connection with the merger or
consolidation of the Other Plan into the Plan.

             (p) "Participant" shall mean an Eligible Participant who has
elected to participate in the Plan for a given Plan Year.

             (q) "Plan" see Section 1.

             (r) "Plan Administrator" shall mean a committee consisting of the
Corporate Human Resources Director, the Corporate Director of Benefits, and the
Corporate Director of Compensation, or such other group as established by the
Corporate Human Resources Director to serve as administrator of the Plan.

             (s) "Plan Year" shall mean a period of a calendar year.

             (t) "Retirement" shall mean leaving the employ of all Employers at
or after the age 55 with at least ten years of continuous service with the
Employers.

             (u) "SIP" shall mean the National City Savings and Investment Plan.

             (v) "Subsidiary" means an entity in which the corporation directly
or indirectly beneficially owns 50% or more of the voting securities.

                                      -3-
<PAGE>   4

             (w) "Surviving Spouse" shall mean the person to whom a Participant
is married at the Participant's date of death.

             (x) "Termination Date" shall mean that later of (i) the
individual's last day worked, or (ii) the last day an individual receives a
salary payment either for current services rendered or as salary continuation.

             (y) "Valuation Date" shall mean the last business date of each
calendar month or such more frequent dates as shall be determined by the Plan
Administrator.

3.2      GENDER AND NUMBER.

         Except when otherwise indicated by the context, any masculine
terminology used herein also shall include the feminine, and the definition of
any term in the singular shall include the plural.

4.       ELIGIBILITY.

         Eligibility under this Plan shall be limited to key management and
highly-compensated employees of the Corporation or its subsidiaries, as
determined by the Plan Administrator in its sole and absolute discretion.

5.       ELECTION TO PARTICIPATE; DEFERRAL OF COMPENSATION; DEFERRAL PERCENTAGE.

         Each Eligible Participant shall be given the opportunity during the
Annual Enrollment Period to elect to participate in this Plan and to elect the
amount of Credited Compensation to be deferred hereunder during such Plan Year.
Such election and amount to be deferred hereunder shall be irrevocable and fixed
from and after the end of the Annual Enrollment Period with respect to such Plan
Year.

         The determination of the amount to be deferred shall be made in terms
of a percentage (1% through 12%) of Credited Compensation to be deferred both
under this Plan and under the SIP and shall assume that the maximum dollar
amount of salary reduction contributions permitted the Participant is both
elected and made to the SIP during the succeeding Plan Year. The amount to be
deferred under this Plan is the difference between such percentage and such
maximum permissible SIP contribution (so long as that difference results in a
positive number)

                                      -4-
<PAGE>   5

(called the "Deferral Amount") for such Plan Year shall not be paid to the
Participant during such Plan Year but shall be deferred as provided in the Plan.

         Notwithstanding the foregoing, for a Participant's deferral election to
be effective for the succeeding Plan Year, such Participant must, as of the end
of the Annual Enrollment Period if he is employed on such date, effectively
elect to contribute the maximum dollar amount of salary reduction contributions
permitted him or her under the SIP. In the event such SIP election is revoked or
the SIP contribution amount reduced by the Participant for any part of such Plan
Year, the Deferral Amount for such Plan Year shall nevertheless continue
unchanged for such Plan Year.

6.       EMPLOYEES HIRED BETWEEN ENROLLMENT PERIODS. Notwithstanding the
provisions of Section 5 of the Plan, an employee hired by an Employer after the
end of an Annual Enrollment Period may, nevertheless, become eligible to
participate for a portion or all of such Plan Year if the following conditions
have been met:

         (1) such employee is selected for participation in the Plan for such
Plan Year (or part thereof) by the Corporate Human Resources Director and

         (2) such employee completes enrollment in the Plan for such time period
by making the elections and decisions provided for herein (including an election
to contribute the maximum dollar amount of salary reduction contributions to the
SIP). Such enrollment and participation in the Plan (including the deferral
election) shall apply only with respect to compensation for future services to
be rendered by such employee, namely, compensation for services rendered after
the deferral election of such employee becomes final by acceptance on behalf of
the Corporation.

7.       EMPLOYER MATCHING DEFERRALS.

         (a) ELIGIBILITY. Employer Matching Deferrals under the Plan shall be
made only with respect to Participants who throughout the Plan Year make the
maximum permissible salary reduction contributions under the provisions of the
SIP, as determined from time to time under the SIP.

                                      -5-
<PAGE>   6

         (b) AMOUNT. Employer Matching Deferrals under the Plan for Participants
shall equal the amount of Employer Matching Contributions for such Plan Year not
allocated to the account of such Participant under the SIP for such Plan Year
because of applicable limitations on contributions under the SIP. The Employer
Matching Deferrals for Deferral Amounts hereunder will be provided in the same
fashion as Employer Matching Contributions match salary reductions under the
SIP.

         (c) DEFERRAL. The amount of any Employer Matching Deferral for any Plan
Year shall be deferred and added to the Participant's Deferral Amount in the
account of such Participant for such Plan Year, and shall not be currently paid
to such Participant.

         (d) TIMING OF DEFERRALS AND MATCHES. Participant Deferral Amounts and
Employer Matching Deferrals shall be made at the same times as Employer Matching
Contributions are made under the SIP.

8.       ACCOUNTS.

         An unfunded bookkeeping account shall be established and maintained by
the Corporation in the name of each Participant. Such accounts shall remain a
part of the general liabilities of the Corporation and nothing in this Plan
shall be deemed to create a trust or fund of any kind or any fiduciary
relationship. Each Participant's account shall be comprised of a number of
sub-accounts from among the Funds selected and approved by the Plan
Administrator, from time to time, in its sole discretion. The Funds shall
constitute bookkeeping vehicles for providing investment credits upon Deferral
Amounts and Employer Matching Deferrals. At the Plan Administrator's sole
discretion, such Funds may or may not correspond to any of the "Investment Funds
under the SIP".

                                      -6-
<PAGE>   7

9.       CREDITING TO ACCOUNTS AND FUNDS.

         When the Deferral Amounts and the Employer Matching Deferrals are
deemed to be made they shall be credited to each Participant's account, and
shall correspondingly be credited to the Fund or Funds selected by the
Participant pursuant to Section 11 below.

         Any amounts credited to a Participant under an Other Plan as of an
Other Plan Transfer Date shall be credited to such Participant's account under
the Plan and allocated among the Funds selected by the Participant using
procedures established by the Plan Administrator for such purpose. If a
Participant fails to select a Fund or Funds prior to the Other Plans Transfer
Date, the Plan Administrator shall have the discretion to select a Fund or Funds
for the Participant.

10.      VALUATION OF FUNDS AND ACCOUNTS.

         Although no assets with be invested under this Plan, investment credits
on Deferral Amounts and Employer Matching Deferrals will be determined as if
assets were invested in the Funds specified. Each Fund and each Participant's
account therein shall be adjusted hereunder as of the end of Valuation Date to
reflect the income, gain or loss.

         In the event during a Plan Year a Fund selected hereunder is
discontinued by the Plan Administrator, the amounts which would have been deemed
invested in such Fund except for this provision shall be deemed to be invested
in such existing or replacement Fund as shall be designated by the Plan
Administrator. In the event that the Plan Administrator makes no such
designation, such amounts shall be deemed to be invested in a savings or time
deposit of National City Bank of less than $100,000 which earns the highest rate
of interest then being paid by the Bank on such deposits.

11.      SELECTION OF FUNDS.

         Each Participant shall select the Fund(s) he or she wishes to be used
hereunder for his or her account. The selection of Funds shall be made in 1%
increments of the Deferral Amounts and Employer Matching Deferrals. A single
election shall govern both Deferral Amounts and Employer Matching Deferrals. In
the event no election is made by a Participant his or her

                                      -7-
<PAGE>   8

account shall be deemed invested in and credited to the "money market" Fund or
to such other Fund which shall have been designated as the "default" Fund by the
Plan Administrator.

12. CHANGES OF FUND SELECTION.

         Each selection of Funds for a Participant's account balance and for
future Deferral Amounts and Employer Matching Deferrals may be changed at the
discretion of the Participant (or a beneficiary of a deceased Participant or
beneficiary), in accordance with uniform administrative procedures established
by the Plan Administrator. Any such changes shall be effective as of the
Valuation Date coinciding with or next following the first business day of the
following calendar month.

13.      VESTING OF DEFERRALS.

         (a) EMPLOYER MATCHING DEFERRALS REQUIRE MAXIMUM SIP CONTRIBUTION.
Employer Matching Deferrals are specifically conditioned upon the Participant
making the maximum salary reduction contributions during the Plan Year permitted
to him or her under the SIP. In the event such maximum salary reduction
contributions are not made during the Plan Year, such Plan Year's Employer
Matching Deferrals for such Participant, if any, shall be forfeited, together
with all earnings or gains thereon.

         (b) VESTING OF EMPLOYER MATCHING DEFERRALS. Except as provided in
Subsection (a) above, the Participant's Employer Matching Deferrals, plus
earnings, gains and losses thereon, will be 100% vested in the Participant.

         (c) DEFERRAL AMOUNTS. Deferral Amounts credited under the Plan by
Participants and earnings and gains thereon are always 100% vested.

14.      MANNER OF DISTRIBUTION.

         No distribution shall be made of a Participant's account balance prior
to his Termination Date. Further, this Plan shall not permit any Participant to
borrow any portion of the Deferral Amount or Employer Matching Deferrals. All
distributions under this Plan shall be made only in cash.

                                      -8-
<PAGE>   9

         (a) DISTRIBUTION FOLLOWING RETIREMENT. Except as provided in Section 15
below, a Participant who is eligible for Retirement upon his Termination Date
shall have his account balance paid to him in 10 annual installments and amounts
deferred hereunder shall not be subject to any withdrawal in advance of such
time. The first installment shall take place within 30 days following the last
day of the Plan Year in which the Participant's Termination Date occurs.
Succeeding payments shall be made annually thereafter. The amount to be
distributed shall be determined by multiplying (i) the dollar value of the
Participant's account calculated as soon as administratively practicable
following the last day of the Plan Year immediately preceding such installment,
by (ii) a fraction, the numerator of which is one, and the denominator of which
is the number of remaining unpaid distributions. The balances of each
Participant's account and each of the Funds shall be appropriately reduced to
reflect the distribution payments made. Amounts held pending distribution shall
continue to be credited with appropriate income, gains and losses as herein
provided and shall be subject to investment changes as herein provided. Balances
in more than one Fund shall be reduced pro-rata to reflect distributions on a
pro-rata basis from the account. In the case of the first distribution after the
death of a Participant, the Plan Administrator may, in its discretion, provide
for payment of a portion or all of the first distribution prior to the last day
of the Plan Year in which such death occurs.

          (b) DISTRIBUTION FOLLOWING OTHER TERMINATION. A Participant who is not
eligible for Retirement upon his Termination Date shall have his account balance
paid in a single lump sum distribution. Such payment shall be made within 30
days following the last day of the Plan Year in which the Participant's
Termination Date occurs and shall be based upon his account balance calculated
as soon as administratively practicable following last day of such Plan Year.

15.      ACCELERATED PAYMENTS; REVISED DISTRIBUTIONS.

         Notwithstanding Section 14 above, a Participant who is eligible for
Retirement upon his Termination Date may request, not less than one year prior
to such Termination Date, that his account balance be paid out in 5 annual
installments (calculated in the same manner as set forth in subsection 14(a)
above) or in a lump sum payment. Such election shall be irrevocable and

                                      -9-
<PAGE>   10

fixed with respect to such Participant. The Plan Administrator's decision with
respect to such a request shall be final and binding on all parties. In the
event the Plan Administrator determines to make a lump sum distribution, such
lump sum distribution shall be paid within 30 days following the last day of the
Plan Year selected by the Participant (provided that such Plan Year shall in no
event be later than 10 years following the Plan Year in which the Participant's
Termination Date occurred) and shall be based upon his account balance
calculated as soon as administratively practicable following the last day of
such selected Plan Year.

         Notwithstanding anything in this Section 15 or in Section 14 above, the
Plan Administrator, in its sole discretion, may determine that a Participant's
interest hereunder or any portion thereof shall be paid out in a lump sum. Any
such lump sum payment shall be made in accordance with the procedures set forth
in subsection (b) of Section 14 above.

16.      BENEFICIARY DESIGNATIONS.

         Each Participant and each beneficiary of a deceased Participant or
beneficiary may designate, on a beneficiary designation form supplied by the
Plan Administrator, any person or persons to whom payments are to be made if the
Participant (or beneficiary) dies before receiving payment of all amounts due
hereunder. A beneficiary designation will be effective only after the signed
beneficiary designation form is filed with the Plan Administrator or its
designee while the Participant (or beneficiary) is alive, and will cancel all
beneficiary designations signed and filed earlier. If the Participant (or
beneficiary) fails to designate a beneficiary as provided above, or if all
designated beneficiaries die before the Participant (or beneficiary) or before
complete payment of all amounts due hereunder, the remaining Participant's
account balance shall be paid in one lump sum to the Surviving Spouse of the
Participant, if any, or, if there be none, to the estate of the last to die of
the Participant or his or her designated beneficiaries, if any.

                                      -10-
<PAGE>   11

17.      ADMINISTRATION

         Except as herein provided, this Plan shall be administered by the Plan
Administrator, which shall administer it in a manner consistent with the
administration of the SIP, except that this Plan shall be administered as an
unfunded plan which is not intended to meet the qualification requirements of
Section 401 of the Internal Revenue Code. The Plan Administrator shall have full
power and authority to interpret, construe and administer this Plan and its
interpretations and construction hereof, and actions hereunder, including the
timing, form, amount or recipient of any payment to be made hereunder, shall be
binding and conclusive on all persons for all purposes. Decisions of the Plan
Administrator shall be made by a quorum consisting of a majority of the
constituent member of the Plan Administrator, and decisions may also be made by
unanimous written consent of the members of the Plan Administrator.

         The Plan Administrator may name assistants and such assistants shall
serve at the pleasure of the Plan Administrator, and shall perform such
functions as may be assigned by the Plan Administrator. Neither the Plan
Administrator or any assistant shall be liable to any person for any action
taken or omitted in connection with the interpretation and administration of
this Plan unless attributable to his or her own willful misconduct or lack of
good faith.

18.      PARTICIPANTS RIGHTS; BENEFICIARIES RIGHTS.

         Except as otherwise specifically provided, neither a Participant nor
any of his or her beneficiaries has rights under this Plan. The payment of
deferred compensation shall be a general, unsecured obligation of the
Corporation to be paid by the Corporation from its own funds, and such payments
shall not (i) impose any obligation upon the trust fund under the SIP; (ii) be
paid from the trust fund under the SIP; or (iii) have any effect whatsoever upon
the SIP or the payment of benefits from the trust fund under the SIP. No
Participant or beneficiary shall

                                      -11-
<PAGE>   12

have any title to or beneficial ownership in any assets which the Corporation
may earmark to pay benefits hereunder.

19.      AMENDMENT AND DISCONTINUANCE.

         The Corporation expects to continue this Plan indefinitely, but
reserves the right, by action of the Committee, to amend it from time to time,
or to discontinue it if such a change is deemed necessary or desirable. However,
if the Committee should amend this Plan, the Corporation shall remain obligated
under the Plan with respect to Deferral Amounts and Employer Matching Deferrals
(and the earnings, gains and losses thereon, if any) for which, as of the date
of such action, deferral elections have been made hereunder and have become
final by acceptance by the Corporation.

                                      -12-
<PAGE>   13

20.      NATURE OF AGREEMENT.

         The adoption of this Plan and any setting aside by the Corporation of
amounts with which to discharge its obligations hereunder in a trust fund, an
insurance policy, or otherwise, shall not be deemed to create a right in any
person; equitable title to any funds so set aside in a trust, an insurance
policy, or otherwise shall remain in the Corporation, and any recipient of
benefits hereunder shall have no security or other interest in such trust,
policies or funds. Any and all funds so set aside in a trust, an insurance
policy or otherwise shall remain subject to the claims of the general creditors
of the Corporation, present and future. This provision shall not require the
Corporation to set aside any funds, but the Corporation may set aside such funds
if it chooses to do so. This Plan is intended to constitute an unfunded plan
described in Section 201(2) of the Employee Retirement Income Security Act of
1974.

21.      RESTRICTIONS ON ASSIGNMENTS.

         The interest of a Participant or his or her beneficiary may not be
sold, transferred, assigned, or encumbered in any manner, either voluntarily or
involuntarily, and any attempt so to anticipate, alienate, sell, transfer,
assign, pledge, encumber, or charge the same shall be null and void; neither
shall the benefits hereunder be liable for or subject to the debts, contracts,
liabilities, engagements, or torts of any person to whom such benefits or funds
are payable, nor shall they be subject to garnishment, attachment, or other
legal or equitable process nor shall they be an asset in bankruptcy, except that
no amount shall be payable hereunder until and unless any and all amounts
representing debts or other obligations owed to the Employer by the Participant
with respect to whom such amount would otherwise be payable shall have been
fully paid and satisfied.

                                      -13-
<PAGE>   14

22.      BINDING ON CORPORATION, EMPLOYEES AND THEIR SUCCESSORS.

         This Plan shall be binding upon and inure to the benefit of the
Corporation, its successors and assigns and each Participant and his or her
beneficiaries, heirs, executors, administrators and legal representatives.

23.      LAWS GOVERNING.

         This Plan shall be construed in accordance with and governed by the
         laws of the State of Ohio. Executed as of this 23rd day of October,
         2000 at Cleveland, Ohio.

                                      NATIONAL CITY CORPORATION

                                      By: /s/ Shelley J. Seifert
                                          ------------------------------

                                      -14-

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