Document:

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                                                                  Exhibit 10.07

                            NATIONAL CITY CORPORATION
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                    (as Amended and Restated August 1, 2001)

                       ARTICLE 1. THE PLAN AND ITS PURPOSE

         1.1 Amendment and Restatement of the Plan. The following are the
provisions of the National City Corporation Supplemental Executive Retirement
Plan (herein referred to as the "SERP") effective as of August 1, 2001 (herein
referred to as the "Effective Date"), which is an amendment and restatement of
the SERP which was in effect prior thereto. The SERP as amended and restated
herein 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. Benefits with respect to Employees who retired, became
disabled, died or otherwise terminated employment prior to the Effective Date
shall be governed by the provisions of relevant plans in effect on the date of
such death, disability, retirement or other termination, and not by the
provisions of the SERP.

         1.2 Purpose. The purpose of the SERP is to provide for the payment of
certain pension, disability 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 SERP to recognize the value to the Corporation
of the past and present service of employees covered by the SERP 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 SERP. The SERP shall be administered by the Plan
Administrator.
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                             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" as of any time means the benefit to be
provided an Participant pursuant to the SERP which has accrued to such time
under the SERP, determined in the same manner as an individual's accrued benefit
pursuant to the NC Retirement Plan is determined at such time. In addition,
"Accrued Benefit" shall include the right to receive, where applicable, any
Additional Payment which would otherwise be payable to a SERP Retiree pursuant
to Section 4.5 of the SERP. Accrued Benefits are to be determined by the
Actuary.

                  (b) "Actuarially Equivalent Benefit" means the actuarially
equivalent benefit determined under the SERP using (i) the UP-1984 Mortality
Table (with a one-year setback for employees and a two-year setback for
beneficiaries) and (ii) the lowest of (a) the interest rates utilized by the
Pension Benefit Guaranty Corporation in effect on the date as of which a lump
sum determination is made hereunder, (b) the interest rates utilized by the
Pension Benefit Guaranty Corporation in effect on 90th day prior to the date as
of which a lump sum determination is made hereunder, or (c) the average of the
interest rates utilized by the Pension Benefit Guaranty Corporation for the 12
month period ending 6 calendar months prior to the date as of which a lump sum
determination is made hereunder, or (iii) an interest rate of 7% for all other
purposes.

                  (c) "Actuary" means an independent actuary or firm of
actuaries engaged by the Plan Administrator at its sole discretion. Such actuary
or firm may be, but shall not be required to be, the same actuaries engaged by
Corporation to perform actuarial services with respect to the NC Retirement
Plan.

                  (d) "Additional Payment" see Section 4.5.

                  (e) "Age" means a person's actual age calculated in years and
whole calendar months.

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                  (f) "Award" means a Participant's award(s), if any, under NC
Management Incentive Plan for Senior Executives.

                  (g) "Base Pay" means a Participant's Base Pay as determined
under the NC Retirement Plan.

                  (h) "Change in Control" see Section 12.2.

                  (i) "Committee" means the Compensation and Organization
Committee of the Board of Directors of the Corporation.

                  (j) "Corporation" means National City Corporation, a Delaware
corporation, and any successor corporation.

                  (k) "Deemed Taxable Amount" see Paragraph 4.5(a).

                  (l) "Disability" shall mean permanent disability as defined by
the provisions of the NC Long Term Disability Plan.

                  (m) "Earnings" means a Participant's Earnings as determined
under the NC Retirement Plan.

                  (n) "Effective Date" see Section 1.1.

                  (o) "Employee" shall mean an individual employed with an
Employer on a regular, active and full-time salaried basis

                  (p) "Employer" shall mean the Corporation or any corporation,
organization or entity controlled by the Corporation.

                  (q) "FICA" means the Federal Insurance Contributions Act.

                  (r) "Final Average Earnings" means Final Average Earnings as
determined under the NC Retirement Plan.

                  (s) "Final Average Total Earnings" means a Participant's Final
Average Earnings as determined under the NC Retirement Plan, provided however,
that there shall be added into the Participant's Earnings the average amount of
the Participant's five (5) largest (not necessarily consecutive) Total Awards
for any of the ten (10) calendar years completed

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immediately prior to the date of the determination. Final Average Total Earnings
shall be used in the calculation of the SERP Retirement Benefit and the SERP
Surviving Spouse Benefit.

                  (t) "Internal Revenue Code" means the Internal Revenue Code of
1986, as amended and in effect from time to time.

                  (u) "NC Long Term Disability Plan" means the National City
Long-Term Disability Plan as in effect from time to time and any successor
disability plan, with any amendment(s) thereto from time to time, effective as
of the effective date(s) of such amendment(s), and the same is hereby
specifically referred to and shall form a part of the SERP as fully as if set
forth in an exhibit to the SERP.

                  (v) "NC Management Incentive Plan for Senior Officers" means
the National City Corporation Management Incentive Plan for Senior Officers,
together with any predecessor plans, as in effect from time to time. Such plan
is hereby specifically referred to and shall form a part of the SERP as fully as
if set forth in an exhibit to the SERP.

                  (w) "NC Retirement Plan" means the National City
Non-Contributory Retirement Plan as in effect on December 31, 1998. For purposes
of clarification, no amendment to the NC Retirement Plan after such date shall
be taken into account for purposes of calculating benefits under the SERP unless
expressly stated otherwise herein. The NC Retirement Plan is specifically
referred to and shall form a part of the SERP as fully as if set forth in an
exhibit to the SERP.

                  (x) "Normal Retirement Age" means the earlier of age 65, or
age 62 with 20 or more years of Vesting Service under the NC Retirement Plan.

                  (y) "Participant" means an Employee who is selected from time
to time by the Committee pursuant to Article 3 of the SERP for participation in
one or more of the benefits under the SERP (or a portion of the SERP).

                  (z) "Plan Administrator" means a committee consisting of the
Corporate Director Human Resources, the Director Executive Compensation, and the
Director

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Compensation & Benefits, or such other group as established by the Corporate
Director Human Resources to serve as administrator of the SERP.

                  (aa) "Plans" means the NC Retirement Plan and the NC Long Term
Disability Plan as in effect from time to time.

                  (bb) "Payments" see Section 4.5.

                  (cc) "Regulation" or "Regulations" means any federal statute
or rule or regulation of the Internal Revenue Service, the United States
Department of Labor or any other division, department or agency of the United
States Government.

                  (dd) "SERP" means the Supplemental Executive Retirement Plan
as effective on and after the Effective Date.

                  (ee) "SERP Base Pay" means the Participant's Base Pay as
determined under the NC Retirement Plan, determined as of the date of Long Term
Disability, provided however, that the limitations of Sections 18.6, 18.7, 18.8
and 18.8A of the NC Retirement Plan and similar limitations upon retirement
benefits resulting from restrictions imposed by the Internal Revenue Code or
Regulations thereunder shall not apply. SERP Base Pay shall be used in the
calculation of the SERP Long Term Disability Benefit.

                  (ff) "SERP Disability Benefit" means the benefit provided for
by Article 6 of the SERP.

                  (gg) "SERP Early Retirement Benefit" means the early
retirement benefit provided for by Section 4.3 of the SERP.

                  (hh) "SERP Later Retirement Benefit" means the later
retirement benefit provided for by Section 4.3 of the SERP.

                  (ii) "SERP Normal Retirement Benefit" means the benefit
provided for by Section 4.2 of the SERP.

                  (jj) "SERP Offset Program" means a program or combination of
programs designated by the Committee to be a SERP Offset Program with respect to
one or more benefits otherwise provided by the SERP, as determined by the
Committee.

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                  (kk) "SERP Retiree" means a Participant who has become
eligible for a SERP Retirement Benefit or who would become eligible for such a
benefit except for the existence of a SERP Offset Program.

                  (ll) "SERP Retirement Benefit" means the benefit provided for
by Section 4.1 of the SERP.

                  (mm) "SERP Surviving Spouse Benefit" means the benefit
provided for by Article 5 of the SERP.

                  (nn) "Social Security Disability Benefits" means the amount
which a Participant would be entitled to receive from the United States Social
Security System upon proper application therefor, as disability benefits under
such System, and in the event the Participant declines or fails to apply for any
such benefit, such term shall also include all such amounts which would be
payable if application were made.

                  (oo) "Social Security Retirement Benefits" means the estimated
United States Social Security old age retirement benefit which the Participant
would be entitled to under the United States Social Security laws upon proper
application therefor as of the first of the following two dates: (A) the date
the Participant retires under the NC Retirement Plan, provided he is entitled to
receive such a Social Security Retirement Benefit commencing at such time, and
if not so entitled at such time, the earliest date thereafter when he becomes so
entitled, or (B) the Participant's age 65.

                  (pp) "Social Security Surviving Spouse Benefits" means the
amount which a surviving spouse would be entitled to receive from the United
States Social Security System upon proper application therefor, based upon the
earnings of the Participant survived by the surviving spouse, unreduced as a
consequence of any earnings received by the surviving spouse, and not increased
by any payment made on account of or with respect to any minor or other
dependent, and in the event the surviving spouse declines or fails to apply for
any such benefit, such term shall also include all such amounts which would be
payable if application were made.

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                  (qq) "Total Awards" for any calendar year shall mean the
Participant's Awards for such year, if any, under the NC Management Incentive
Plan for Senior Executives.

                  (rr) "Vesting Event" means the earliest of the following dates
with respect to a Participant or surviving spouse:

                           (1)      the date the Participant has attained age
                                    fifty-five (55),

                           (2)      the date any benefit is in payment status
                                    hereunder, and

                           (3)      the Effective Date of a Change in Control.

                  (ss) "Vesting Service" means Vesting Service as determined
under the NC Retirement Plan.

                    ARTICLE 3. ELIGIBILITY AND PARTICIPATION

         3.1 Eligibility. The eligibility for benefits under the SERP shall be
limited to management and highly-compensated Employees. The Committee may, from
time to time and in its discretion designate certain Employees of the
Corporation or its subsidiaries to be eligible for one or more of the benefits
under the SERP, but not eligible for the remainder of such benefits.

         3.2 Removal from Participation. The Committee may, from time to time
and in its discretion, remove any employee from the list of Participants,
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 SERP.

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                       ARTICLE 4. SERP RETIREMENT BENEFIT

         4.1 SERP Retirement Benefits. "SERP Retirement Benefits" constitute the
SERP Normal Retirement Benefit, the SERP Early Retirement Benefit and the SERP
Later Retirement Benefit provided for by this Article 4.

         4.2 Eligibility for SERP Normal Retirement Benefit. Each Participant
becomes eligible for a SERP Normal Retirement Benefit upon attaining the Normal
Retirement Age.

         4.3 Eligibility for Early or Later Retirement Benefit.

                  (a) Eligibility. A Participant may become eligible for a SERP
Early Retirement Benefit prior to attainment of age 62, or may continue in
employment after age 65 and thus become eligible for a SERP Later Retirement
Benefit, but only upon the approval of the Committee, acting in its discretion.

                  (b) Amount of Benefit. The amount of the SERP Early Retirement
Benefit and the SERP Later Retirement Benefit shall be determined pursuant to
Section 4.4 below, provided; however, that the Committee, acting in its
discretion, may approve, as the SERP Early Retirement Benefit for a Participant,
an immediate benefit which is unreduced as a consequence of its early
commencement, notwithstanding the provisions of the NC Retirement Plan or
Section 4.4(a)(3) of this Plan.

         4.4 SERP Retirement Benefit. The annual SERP Retirement Benefit shall
be equal to

                  (a) the annual retirement benefit determined for the
Participant at the time under the provisions of the NC Retirement Plan,
provided, however, that (1) the limitations of Sections 18.6, 18.7, 18.8 and
18.8A of the NC Retirement Plan and similar limitations upon retirement benefits
resulting from restrictions imposed by the Internal Revenue Code or Regulations
thereunder shall not apply, (2) there shall be substituted for the Participant's
Final Average Earnings the Participant's Final Average Total Earnings, (3) the
Committee acting at its discretion may credit a Participant with additional
years of Benefit Service (within the meaning of Section 3.1 of the NC Retirement
Plan) and Vesting Service, and (4) in the case of a Participant receiving a SERP
Early Retirement Benefit, there shall be substituted for the early

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retirement reduction factors set forth in Section 5.3 of the NC Retirement Plan
the actuarial reduction percentages set forth in Table A at the end hereof based
upon the Participant's Age and completed whole years of Vesting Service, with
Age being interpolated to the nearest month in a manner determined by the Plan
Administrator.

LESS

                  (b) the total of

                           (1) the annual retirement benefit payable with
                  respect to the Participant pursuant to the NC Retirement Plan,

                           (2) the annual retirement benefit (or Actuarially
                  Equivalent Benefit, as determined by the Actuary) payable with
                  respect to the Participant pursuant to any program designated
                  by the Committee to serve as a SERP Offset Program, and

                           (3) during the first five years of payment of any
                  SERP benefits, 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 7.3 of the SERP ("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), and provided further, that to the extent
                  the Participant's benefit under the SERP 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.

         4.5 Payment of SERP Retirement Benefit. The SERP Retirement Benefit
shall be payable pursuant to the same optional forms as are permitted to be
elected under the NC Retirement Plan, provided however, that (1) the form and
method of payment is subject to the approval of the Plan Administrator, acting
in its discretion, (2) there shall be no requirement for consent of
Participant's spouse for any election to be effective under the SERP, (3) a lump
sum payment of an Actuarially Equivalent Benefit (or a portion thereof), as
determined by the Actuary, may be made at the election of the Plan Administrator
acting in its discretion, and (4)

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the Plan Administrator in its discretion may select a combination of methods of
payment of the SERP Retirement Benefit.

         In the event a lump sum payment of an Actuarially Equivalent Benefit
(or a portion thereof) is made either (1) pursuant to the preceding paragraph of
this Section 4.5 or (2) pursuant to a SERP Offset Program, or both (the total of
such payments being herein called "Payments"), the SERP shall pay an additional
payment ("Additional Payment") to the SERP Retiree determined as follows:

                  (a) Subtract (x) from (y) where (x) equals an amount
determined by multiplying an amount ("Deemed Taxable Amount") equal to the
amount of the Payments less the threshold amount applicable to the maximum
marginal federal income tax rate in effect for the tax year of the Payments, by
the average of the maximum marginal federal income tax rates in effect for the
five (5) tax years immediately preceding the tax year of the Payments, and (y)
equals an amount determined by multiplying the Deemed Taxable Amount by the
maximum marginal federal income tax rate in effect for the tax year of the
Payments, and then

                  (b) Divide the difference obtained pursuant to (a) above by 1
minus the maximum marginal federal income tax rate in effect for the tax year of
the Payments.

         In determining the Additional Payment the marital status of the SERP
Retiree at the time of the Payments shall be deemed to have been his or her
marital status at all relevant times.

                    ARTICLE 5. SERP SURVIVING SPOUSE BENEFIT

         5.1 Eligibility for SERP Surviving Spouse Benefit. In the event a SERP
Participant dies prior to retirement, there shall be annual amount payable to
the Participant's surviving spouse, if any, a SERP Surviving Spouse Benefit
which is equal to:

                  (a) 35% of the Participant's Final Average Total Earnings at
the time of the Participant's death, provided, however, that the limitations of
Sections 18.6, 18.7, 18.8 and 18.8A of the NC Retirement Plan and similar
limitations upon retirement benefits resulting from restrictions imposed by the
Internal Revenue Code or Regulations thereunder shall not apply,

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LESS

                  (b) the total of

                           (1) the annual amount payable as a surviving spouse
                  benefit (or Actuarially Equivalent Benefit, as determined by
                  the Actuary) with respect to the Participant pursuant to the
                  NC Retirement Plan,

                           (2) the annual amount payable with respect to the
                  Participant as a Social Security Surviving Spouse Benefit,

                           (3) the annual amount payable as a surviving spouse
                  benefit (or Actuarially Equivalent Benefit, as determined by
                  the Actuary) with respect to the Participant pursuant to any
                  program designated by the Committee to serve as a SERP Offset
                  Program, and

                           (4) during the first five years of payment of any
                  SERP benefits, 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 7.3 of the SERP ("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), and provided further, that to the extent
                  the Participant's benefit under the SERP 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.

         5.2 Beneficiary of SERP Surviving Spouse Benefit. The beneficiary of
the SERP Surviving Spouse Benefit shall be limited to the surviving spouse of
the deceased Participant at the time of such Participant's death and the estate
of such surviving spouse in the event of the surviving spouse's death prior to
receipt of a lump sum payment thereof if such method of payment was previously
elected by the Plan Administrator, acting in its discretion, prior to the death
of such surviving spouse.

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         5.3 Retirement by Participant Eliminates SERP Surviving Spouse Benefit.
In all cases a retirement under the SERP by the Participant shall eliminate the
SERP Surviving Spouse Benefit.

         5.4 Method of Payment of SERP Surviving Spouse Benefit. The SERP
Surviving Spouse Benefit shall be payable in the same manner as the Surviving
Spouse Benefit under the NC Retirement Plan is paid, provided however, that in
the discretion of the Plan Administrator (1) such benefit (or a portion thereof)
may be paid in a lump sum payment of an Actuarially Equivalent Benefit, as
determined by the Actuary, and (2) the Plan Administrator in its discretion may
select a combination of methods of payment of the SERP Surviving Spouse Benefit.

                       ARTICLE 6. SERP DISABILITY BENEFIT

         6.1 Eligibility for SERP Disability Benefit. In the event a SERP
Participant suffers a Disability prior to retirement a SERP Disability Benefit
shall be payable.

         6.2 Amount of SERP Disability Benefit. The annual SERP Disability
Benefit shall be equal to

                  (a) the greater of

                           (1) 60% of the Participant's SERP Base Pay at the
                  time of the Disability, or

                           (2) 50% of the sum of the Participant's

                                    (A) SERP Base Pay at the time of Disability,
                                    plus

                                    (B) the average of the amounts of the Total
                                    Awards, if any, for the calendar year ended
                                    prior to the Disability and the year prior
                                    thereto, determined at the time of the
                                    Disability,

LESS

                  (b) the sum of

                           (1) the annual amount of the benefit (or Actuarially
                  Equivalent Benefit, as determined by the Actuary) payable to
                  the Participant under the NC Long Term Disability Plan,

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                           (2) the annual amount of benefit payable to the
                  Participant as Social Security Disability Benefit,

                           (3) the annual amount of disability benefit (or
                  Actuarially Equivalent Benefit, as determined by the Actuary)
                  payable to the Participant pursuant to any program designated
                  by the Committee to serve as a SERP Offset Program, and

                           (4) during the first five years of payment of any
                  SERP benefits, 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 7.3 of the SERP ("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), and provided further, that to the extent
                  the Participant's benefit under the SERP 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.

         6.3 Form of Payment of SERP Disability Benefit. The SERP Disability
Benefit shall be payable monthly, quarterly or annually as determined by the
Plan Administrator, acting in its discretion, provided however, that the Plan
Administrator may determine (1) that the same (or a portion thereof) shall be
payable in a lump sum payment of an Actuarially Equivalent Benefit, as
determined by the Actuary, and (2) the Plan Administrator in its discretion may
select a combination of methods of payment of the SERP Disability Benefit.

                            ARTICLE 7. MISCELLANEOUS

         7.1 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 or the NC Long Term Disability Plan. 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,

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shall apply to the payment of benefits hereunder, except as otherwise
specifically provided herein.

         7.2 Administration. Except as herein provided, the SERP shall be
administered by the Plan Administrator which shall administer it in a manner
consistent with the administration of the Plans, except that the SERP 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 the
SERP and the Plan Administrator'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. Neither the Plan Administrator nor any member thereof shall be
liable to any person for any action taken or omitted in connection with the
interpretation and administration of the SERP unless attributable to his or her
own willful misconduct or lack of good faith.

         7.3 Corporation's Potential Payment of FICA Tax. The Corporation may,
in its 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 payments(s) by the
Employer (without interest) shall serve to reduce such Participant's benefits
under this SERP, to the extent as is otherwise provided in the SERP.

         7.4 Participants' Rights; Surviving Spouses' Rights. Except as
otherwise specifically provided, neither a Participant nor a surviving spouse
has rights under the SERP. It is specifically intended that no benefits shall be
payable under the SERP to a Participant or his or her surviving spouse or
beneficiary prior to the Participant's retirement either after attainment of
Normal Retirement Age or, upon Committee approval in accordance with the
provisions of Section 4 hereof, at an earlier age, excepting only (a) disability
benefits, if applicable, (b) Surviving Spouse Benefits in the event of the death
of the Participant prior to retirement, and (c) the payment of benefits after
the occurrence of a Vesting Event with respect to the Participant.

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No Participant or his or her surviving spouse or beneficiary shall have any
title to or beneficial ownership in any assets of the Corporation as a result of
the SERP or its benefits.

         7.5 Timing of Payments Hereunder. Notwithstanding any other provision
of the SERP, the Committee may, in its discretion, determine that benefits under
the SERP may be made at any time prior to Normal Retirement Age or retirement,
whichever first occurs.

                        ARTICLE 8. AMENDMENT; TERMINATION

         The Corporation expects to continue the SERP 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 SERP should be amended or discontinued, the
Corporation shall remain obligated for benefits under the SERP with respect to
Participants and surviving spouses 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 9. UNFUNDED PLAN

         Plan not Funded. The SERP is an unfunded plan and its benefits are
payable solely from the general assets of the Corporation.

                             ARTICLE 10. FORFEITURES

         Notwithstanding any provision in the SERP to the contrary excepting
only the provisions of Article 12, in the event the Committee finds

                  (a) that an Employee or former Employee who has an interest
under the SERP 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 SERP has been convicted of a crime as a result of which it becomes
illegal for his Employer to employ him or her;

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then any amounts held under the SERP for the benefit of such Employee or former
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 SERP and by his
or her continued participation.

                     ARTICLE 11. RESTRICTIONS ON ASSIGNMENTS

         The interest of a Participant or his or her surviving spouse or
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 12. CHANGE IN CONTROL

         12.1 Treatment of Awards.

                  In the event of a Change in Control:

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

                           (ii) 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.

         12.2 Definition of Change in Control. "Change in Control" means the
         occurrence of any of the following events:

                           (i) The Corporation is merged, consolidated or
                  reorganized into or with another corporation or other legal
                  person, and as a result of such merger, consolidation or
                  reorganization less than sixty-five percent of the combined
                  voting power of the then-outstanding securities of such
                  corporation or person

                                      -16-
<PAGE>
                  immediately after such transaction are held in the aggregate
                  by the holders of Voting Stock (as that term is hereafter
                  defined) immediately prior to such transaction;

                           (ii) 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 securities of such corporation or person
                  immediately after such sale or transfer is held in the
                  aggregate by the holders of Voting Stock immediately prior to
                  such sale or transfer;

                           (iii) There is a report filed on Schedule 13D or
                  Schedule 14D-1 (or any successor schedule, form or report),
                  each as promulgated pursuant to the Securities Exchange Act of
                  1934, as amended (the "Exchange Act"), disclosing that any
                  person (as the term "person" is used in Section 13(d)(3) or
                  Section 14(d)(2) of the Exchange Act) has become the
                  beneficial owner (as the term "beneficial owner" is defined
                  under Rule 13d-3 or any successor rule or regulation
                  promulgated under the Exchange Act) of securities representing
                  15% or more of the combined voting power of the
                  then-outstanding securities entitled to vote generally in the
                  election of directors of the Corporation ("Voting Stock");

                           (iv) 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

                           (v) 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 (v) each Director who is
                  first elected, or first

                                      -17-
<PAGE>
                  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.

                  Notwithstanding the foregoing provisions of (iii) or (iv)
                  above, unless otherwise determined in a specific case by
                  majority vote of the Board, a "Change in Control" shall not be
                  deemed to have occurred for purposes of (iii) or (iv) above
                  solely because (1) the Corporation, (2) an entity in which the
                  Corporation directly or indirectly beneficially owns 50% or
                  more of the voting equity securities (a "Subsidiary"), or (3)
                  any employee stock ownership plan or any other employee
                  benefit plan of the Corporation or any Subsidiary either files
                  or becomes obligated to file a report or proxy statement under
                  or in response to Schedule 13D, Schedule 14D-1, Form 8-K or
                  Schedule 14A (or any successor schedule, form or report or
                  item therein) under the Exchange Act disclosing beneficial
                  ownership by it of shares of Voting Stock, whether in excess
                  of 15% or otherwise, or because the Corporation reports that a
                  change in control of the Corporation has occurred or will
                  occur in the future by reason of such beneficial ownership.

         12.3 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.

                                      -18-
<PAGE>
                  ARTICLE 13. BINDING ON CORPORATION, EMPLOYEES
                              AND THEIR SUCCESSORS

         The SERP 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.

                           ARTICLE 14. LAWS GOVERNING

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

         Executed this 27th day of July, 2001 at Cleveland, Ohio, but effective
as of August 1, 2001.

                                          NATIONAL CITY CORPORATION

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

                                      -19-
<PAGE>
                                     TABLE A

                          SERP EARLY RETIREMENT BENEFIT

                              reduction percentages

                                       AGE
<TABLE>
<CAPTION>
  YEARS OF
   SERVICE        55    56    57    58    59    60    61    62    63    64    65
  --------
  <S>             <C>   <C>   <C>   <C>   <C>   <C>   <C>   <C>   <C>   <C>   <C>
      10          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      11          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      12          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      13          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      14          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      15          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      16          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      17          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      18          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      19          50%   54%   58%   62%   66%   70%   76%   82%   88%   94%   100%
      20          58%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      21          58%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      22          58%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      23          58%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      24          58%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      25          58%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      26          58%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      27          61%   64%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      28          64%   67%   70%   76%   82%   88%   94%   100%  100%  100%  100%
      29          67%   70%   73%   76%   82%   88%   94%   100%  100%  100%  100%
      30          70%   73%   76%   79%   82%   88%   94%   100%  100%  100%  100%
      31          73%   76%   79%   82%   85%   88%   94%   100%  100%  100%  100%
      32          76%   79%   82%   85%   88%   91%   94%   100%  100%  100%  100%
      33          79%   82%   85%   88%   91%   94%   97%   100%  100%  100%  100%
      34          82%   85%   88%   91%   94%   97%   100%  100%  100%  100%  100%
      35          85%   88%   91%   94%   97%   100%  100%  100%  100%  100%  100%
      36          88%   91%   94%   97%   100%  100%  100%  100%  100%  100%  100%
      37          91%   94%   97%   100%  100%  100%  100%  100%  100%  100%  100%
      38          94%   97%   100%  100%  100%  100%  100%  100%  100%  100%  100%
      39          97%   100%  100%  100%  100%  100%  100%  100%  100%  100%  100%
      40          100%  100%  100%  100%  100%  100%  100%  100%  100%  100%  100%
</TABLE><PAGE>
                                                                  Exhibit 10.08

                            NATIONAL CITY CORPORATION
                             EXECUTIVE SAVINGS PLAN

                As Amended and Restated Effective January 1, 2002

1.       Amendment and Restatement of the Plan.

         The following are the provisions of the NATIONAL CITY CORPORATION
EXECUTIVE SAVINGS PLAN effective January 1, 2002 ("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>
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) "Additional Deferral Amount" see Section 5.

                  (b) "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
         earned in the following Plan Year.

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

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

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

                  (f) "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.

                  (g) "Deferral Amount" see Section 5.

                  (h) "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.

                                      -2-
<PAGE>
                  (i) "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.

                  (j) "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.

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

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

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

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

                  (o) "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.

                  (p) "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.

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

                  (r) "Plan" see Section 1.

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

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

                  (u) "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.

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

                                      -3-
<PAGE>
                  (w) "Subsidiary" means an entity in which the Corporation
directly or indirectly beneficially owns 50% or more of the voting securities,
but only during the period in which such securities are owned.

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

                  (y) "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.

                  (z) "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 any Subsidiary, 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.

         Except as set forth below, 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

                                      -4-
<PAGE>
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) (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.

         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.

         Notwithstanding the foregoing, effective January 1, 2002, at the Plan
Administrator's sole discretion, the Deferral Amount for a Participant may be
increased by an amount equal to any amounts to be refunded to the Participant
during the Plan Year under the SIP or a Companion Savings Plan (called the
"Additional Deferral Amount"). Any election by a Participant to defer Credited
Compensation equal to such Additional Deferral Amount shall be made by a
separate deferral election during the Annual Enrollment Period prior to the Plan
Year in which such refund is distributed to the Participant. Any election to
defer Credited Compensation equal to the Additional Deferral Amount shall be
subject to such rules and procedures as the Plan Administrator shall determine
in its sole discretion.

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

                                      -5-
<PAGE>
         (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.

         (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. Notwithstanding the foregoing, no Employer Matching Deferrals shall be
credited for any Additional Deferral Amounts.

         (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. Except with respect to Additional
Deferral Amounts, Participant Deferral Amounts and Employer Matching Deferrals
shall be made at the same times as Employer Matching Contributions are made
under the SIP. Additional Deferral Amounts shall be deferred from a
Participant's Credited Compensation and shall be credited under the Plan in
accordance with uniform procedures established by the Plan Administrator.

8. Accounts.

                                      -6-
<PAGE>

         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".

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 establish a default
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 distributions, 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

                                      -7-
<PAGE>
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 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.

                                      -8-
<PAGE>
         (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.

         (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.

                                      -9-
<PAGE>
         (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 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

                                      -10-
<PAGE>
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, if applicable, the
beneficiary of a deceased 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.

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

                                      -11-
<PAGE>
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 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>
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>
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 17th day of December, 2001 at
Cleveland, Ohio.

                                              NATIONAL CITY CORPORATION

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

                                      -14-

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