Document:

Amended and Restated Stock Option Plan for Outside Directors

EXHIBIT 10-m 
 
AMSOUTH BANCORPORATION 
AMENDED AND RESTATED 
STOCK OPTION PLAN FOR OUTSIDE DIRECTORS

 
I.    Purpose 
 
The purposes of this Stock Option Plan for Outside Directors
are to align the interests of the outside directors of AmSouth Bancorporation (the “Corporation”) more closely with the interests of the Corporation’s shareholders, to provide such directors with an additional inducement to remain in
the service of the Corporation with an increased incentive to work for its long-term success, and to establish an effective element of a reasonable directors’ compensation package. 
 
II.    Definitions 
 
The following terms shall have the meanings indicated below: 
 
2.1  “Common Stock” shall mean the common
stock, par value $1.00 per share, of the Corporation. 
 
2.2  “Committee” shall mean the Director Affairs Committee of the Corporation or any successor committee that performs similar functions. 
 
2.3  “Corporation” shall mean AmSouth Bancorporation. 
 
2.4  “Business Day” shall mean any day on
which the market used to determine the Fair Market Value of the Common Stock is open for trading. 
 
2.5  “Fair Market Value” shall mean the closing price of the Common Stock on the New York Stock Exchange on the
relevant date. If on the relevant date the Common Stock is not listed on the New York Stock Exchange, “Fair Market Value” shall mean the closing price of the Common Stock on the relevant date on the principal stock exchange on which the
Common Stock is listed. If the Common Stock is not listed on any stock exchange on the relevant date, “Fair Market Value” shall mean the mean between the bid and asked price of the Common Stock as reported on the National Association of
Securities Dealers Automated Quotation System on the relevant date. 
 
2.6  “Outside Director” shall mean any individual who on the relevant date is a member of the Board of Directors of the Corporation but is not an employee of the Corporation. 
 
2.7  “Plan” shall mean the AmSouth
Bancorporation Amended and Restated Stock Option Plan for Outside Directors, and all amendments thereto. 
 
2.8  “HR Head” shall mean the head of the Human Resources Division of AmSouth Bank. 
 
2.9  “Option” shall mean an option granted
to an Outside Director pursuant to the Plan. 
 

III.    Administration 
 
3.1    The
Committee.    The Plan shall be administered by the Committee or by any other similar committee appointed by the Board. The members of the Committee shall be appointed from time to time by, and shall serve at the discretion
of, the Board of Directors. 
 
3.2    Authority of the Committee.    Except as limited by law or by the Certificate of Incorporation or Bylaws of the Corporation, and subject to the provisions herein, including
Section 3.4, the Committee shall have full power to select Outside Directors who shall participate in the Plan; determine the terms and conditions of Options in a manner consistent with the Plan; construe and interpret the Plan and any agreement or
instrument entered into under the Plan as they apply to Outside Directors; establish, amend, or waive rules and regulations for the Plan’s administration as they apply to Outside Directors; and (subject to the provisions of Section 7.7 herein)
amend the terms and conditions of any outstanding Options to the extent such terms and conditions are within the discretion of the Committee as provided in the Plan. Further, the Committee shall make all other determinations, which may be necessary
or advisable for the administration of the Plan, as the Plan applies to Outside Directors. As permitted by law, the Committee may delegate its authority. 
 
3.3    Decisions Binding.    All determinations and decisions made by the Committee
pursuant to the provisions of the Plan and all related orders and resolutions of the Committee and the Board shall be final, conclusive and binding on all persons, including the Corporation, its stockholders, Outside Directors, and their estates and
beneficiaries. 
 
3.4    Source of Shares.    The shares of Common Stock that may be issued upon the exercise of Options under the Plan shall be authorized and issued shares held in the Corporation’s
treasury. The aggregate number of shares of Common Stock, which may be issued under the Plan, shall not exceed 900,000 shares, subject to adjustment pursuant to Section 7.6 hereof. 
 
IV.    Grantings of Options 
 
4.1    Grants.    Subject to the terms and provisions of the
Plan, Options may be granted to Outside Directors in such number, and upon such terms and at any time and from time to time as shall be determined by the Committee. 
 
4.2    Stock Option Agreements.    The grant of any Option
shall be evidenced by a written “Stock Option Agreement” executed by the Corporation and the optionee. The Stock Option Agreement shall contain the number of shares of Common Stock that are subject to the Option evidenced thereby, other
essential terms of the Option, and other terms that are not inconsistent with the requirements of this Plan. 
 
V.    Terms of Options 
 
5.1    Terms of Options.    All Options shall have a term of ten years from the date of
grant, subject to (i) earlier termination pursuant to Section 5.5 hereof, and (ii) specific limitations obtained in the terms of the Stock Option Agreement respecting such Option. 
 

5.2    Exercise of Options.    Options
shall become exercisable in accordance with the terms of the Stock Option Agreement respecting such Option. 
 
5.3    Exercise Price.    The exercise price for all Options shall be the Fair Market Value
of the Common Stock on the date the Option is granted. 
 
5.4    Number of Shares.    The number of share underlying each Option shall be determined in accordance with the terms of the Stock Option Agreement respecting such Option. The number
of shares subject to an Option shall be subject to adjustment in accordance with Section 7.6 hereof. 
 
5.5    Forfeiture.    Options shall be subject to such forfeiture provisions as are set
forth in the stock Option Agreement respecting such Option. 
 
VI.    Exercise of Options 
 
6.1    Notice of Exercise.    An Option shall be exercised by delivery to the HR Head of a written notice of exercise in the form prescribed by the HR Head for use from time to
time. Such notice of exercise shall indicate the number of shares as to which the Option is exercised and shall be accompanied by the full exercise price for the Options exercised. 
 
6.2    Form of Payment.    The exercise price may be paid (i)
in cash or by check, (ii) in whole or in part, by surrender of shares of Common Stock, which shall be credited against the exercise price at their Fair Market Value on the date the Option is exercised, (iii) by combination of (i) and (ii), (iv) by
“cashless exercise” in which a third party is authorized to sell shares of Common Stock (or a sufficient portion of the shares) acquired upon exercise of the Option and remit to the Corporation a sufficient portion of the sale proceeds to
pay the entire exercise price and any tax withholding resulting from such exercise, or (v) by any other means that the Committee determines to be consistent with the Plan’s purpose and applicable law. 
 
VII.    Miscellaneous 
 
7.1    General
Restriction.    Each Option under the Plan shall be subject to the requirement that, if at any time the Committee shall determine that any listing or registration of the shares of Common Stock, any consent or approval of any
governmental body, or any other agreement, consent or action is necessary or desirable as a condition of the granting of an Option or issuance of Common Stock in satisfaction thereof, such grant or issuance may not be consummated unless such
requirement is satisfied in a manner acceptable to the Committee. 
 
7.2    Non-Assignability.    Except with the approval of the Committee, no Option under the Plan shall be assignable or transferable by the optionee, except by will or pursuant
to applicable laws have descent and distribution. During the life of an optionee, an Option shall be exercisable only by such optionee. 
 
7.3    Withholding Taxes.    Whenever the Corporation issues or transfers shares of Common
Stock under the Plan, the Corporation shall have the right to require the optionee to remit to the Corporation an amount sufficient to satisfy any federal, state, and local withholding tax requirements prior to the delivery of any certificate for
such shares. An optionee may elect to satisfy the withholding requirement, in whole or in 
 

part, by having the Corporation withhold shares of Common Stock having a Fair Market Value on the date the
tax is to be determined equal to the total tax to be withheld. The amount to be withheld shall be determined by the HR Head based on applicable laws and regulations. All such elections shall be made in writing and shall be subject to any
restrictions or limitations that the HR Head, in his or her sole discretion, deems appropriate. 
 
7.4    No Right to Continued Service.    Nothing in the Plan or in any agreement entered into pursuant to the Plan shall confer upon any optionee any
right to continued service as a director of the Corporation or any subsidiary or affect any right of the Corporation or a subsidiary, acting through their Boards of Directors or otherwise, to terminate or otherwise affect the service of such
optionee. 
 
7.5    No
Rights as Shareholders.    Holders of Options under the Plan shall have no rights as shareholders of the Corporation resulting there from unless and until certificates for shares of Common Stock are registered in their names
in satisfaction of a duly exercised Option. 
 
7.6    Adjustments.    In the event that the outstanding shares of Common Stock of the Corporation are changed in number, class or character by reason of any split-up, change of par
value, stock dividend, combination or reclassification of shares, re-capitalization, merger, consolidation or other corporate change, or shall be changed in value by reason of any spin-off, dividend in partial liquidation or other special
distribution, the Committee may make any changes it may deem equitable and appropriate in outstanding Options, and/or in the number of shares of Common Stock reserved for issuance under the Plan. For purposes of this Section 7.6, it is intended
that, absent reasons to the contrary, adjustments to Options be consistent with any changes or lack of changes to other options on the Common Stock resulting from the same cause. 
 
7.7    Amendments or Termination of Plan.    The Board of
Directors of the Corporation, or the Committee, may amend or terminate the Plan as it deems advisable; provided, however, no such amendment or termination may impair the rights of an optionee under an Option previously granted.Employee Stock Purchase Plan

EXHIBIT 10-r 
 
STOCK PURCHASE PLAN 
 
This booklet (excluding the Table of Contents) constitutes part of a prospectus covering securities that have been registered under the Securities Act of
1933. AmSouth Bancorporation is sometimes referred to herein as “AmSouth” or “the Company.” The following, in question and answer form, are the provisions of the AmSouth Bancorporation Employee Stock Purchase Plan. The Plan was
originally adopted in 1986 and 600,000 shares of AmSouth Bancorporation Common Stock were authorized for issuance pursuant to the Plan. The number of shares authorized for issuance under the Plan has been increased from time to time. The Plan was
amended and restated effective January 1, 2000. While the Plan is expected to be of long-term and indefinite duration, the Company may from time to time modify, amend or terminate the Plan, without prior notice. 
 

	 	  	 Page

	 I.  PURPOSE
	  	 
	 A. What is the purpose of the Employee Stock Purchase Plan?
	  	 11-1

	 II.  ADVANTAGES
	  	 
	 A. What are the advantages of the Plan?
	  	 11-1

	 III.  PARTICIPATION
	  	 
	 A. Who is eligible to participate?
	  	 11-2

	 B. How do I become a participant?
	  	 11-2

	 IV.  PURCHASES
	  	 
	 A. How may I purchase shares of stock under the Plan?
	  	 11-2

	 B. When may I purchase shares of stock under the Plan?
	  	 11-2

	 C. How many shares of AmSouth stock may I purchase under the Plan?
	  	 11-2

	 D. Is there a minimum number of shares which must be purchased under the
Plan?
	  	 11-3

	 E. Are there any additional restrictions on my purchases under the Plan?
	  	 11-3

	 F. May I purchase shares for someone else?
	  	 11-3

	 G. May I purchase shares if I am on an approved leave of absence from
AmSouth?
	  	 11-3

	 H. How can I keep track of my purchases and payroll deductions?
	  	 11-3

	 V.  PURCHASE PRICE
	  	 
	 A. What is the Purchase Price of shares of AmSouth stock under the Plan?
	  	 11-3

	 B. Are participants charged any fees in connection with purchases under the
Plan?
	  	 11-3

	 VI.  AMSOUTH MATCHING CONTRIBUTIONS
	  	 
	 A. How much will the Company’s matching contribution be?
	  	 11-3

	 VII.  STOCK CERTIFICATES
	  	 
	 A. Will certificates be issued for shares of stock purchased under the
Plan?
	  	 11-4

	 B. When will stock certificates for stock purchased under the Plan be
delivered?
	  	 11-4

	 VIII.  CERTAIN SHAREHOLDER RIGHTS
	  	 
	 A. Will I be able to receive dividends on shares purchased under the
Plan?
	  	 11-4

	 B. Can I sell the shares purchased under the Plan?
	  	 11-4

	 C. Will I be able to vote my shares?
	  	 11-4

	 IX.  TERMINATION AS A PARTICIPANT
	  	 
	 A. How may I withdraw from the Plan or terminate as a Participant?
	  	 11-4

	 X.  OTHER INFORMATION
	  	 
	 A. What is the source of shares purchased under the Plan?
	  	 11-4

	 B. What is the responsibility of the Company under the Plan?
	  	 11-4

	 C. May the Plan be changed or discontinued?
	  	 11-5

	 XI.  SUPPLEMENTAL INFORMATION
	  	 
	 A. General
	  	 11-5

	 B. Tax Consequences
	  	 11-5

	 C. Administration of the Plan
	  	 11-5

	 D. ERISA
	  	 11-5

 

	I.	 	PURPOSE 

	A.	 	What is the purpose of the Employee Stock Purchase Plan? 

 
This Plan has been set up to encourage and enable eligible employees of AmSouth and its subsidiaries to acquire AmSouth
stock. Management believes that this Plan will help create expanded interest among employees in the profitable growth of AmSouth. 
 

	II.	 	ADVANTAGES 

	A.	 	What are the advantages of the Plan? 

 
You may invest up to $2,000 each calendar year in purchases of AmSouth stock and the Company will contribute a 25% match toward your purchase(s).

 
You may invest up to $8,000 more each calendar year in purchases
of AmSouth stock on an unmatched basis, for a maximum employee investment per calendar year of $10,000. 

You will be charged no administrative fees or brokerage fees on your purchases of AmSouth stock under this
plan. 
 

	III.	 	PARTICIPATION 

	A.	 	Who is eligible to participate? 

Employees of AmSouth or its subsidiaries who are hired to work a minimum of twenty (20) hours per week are eligible to participate in the Plan. Participation in the Plan is purely voluntary. 
No director, honorary director or advisory director of AmSouth or of its subsidiaries who is not also an eligible employee is eligible to
participate. 
 

	B.	 	How do I become a participant? 

You
will automatically become a participant as of the first of the month coincident with or following your date of hire into a benefits eligible position, or the effective date of your placement into a benefits eligible position. Becoming a participant
does not obligate you to make any purchase of AmSouth stock. Being a participant makes you eligible to purchase stock if you choose. You may sign up for payroll deduction purchases by completing an Employee Stock Purchase Plan Payroll Deduction
Purchase form and returning it to Human Resources Employee Benefits Administration. Your form will be processed and payroll deductions will start as soon as administratively feasible. You may also make a direct purchase of AmSouth stock on any
purchase date coincident with or following the date you become a participant in the Plan. 
 

	IV.	 	PURCHASES 

	A.	 	How may I purchase shares of stock under the Plan? 

Once you are a participant, there are two ways you can purchase stock under the Plan. One way is through payroll deduction. Just complete an Employee Stock Purchase Plan Payroll Deduction Purchase form (the “Form”) and
return it to Human Resources Employee Benefits Administration. You can have a minimum of $25.00 and a maximum of $416.00 contributed on an after tax basis per semi-monthly pay period. This results in a minimum of $50.00 per month and a maximum of
$833 per month. The specific dollar amount you want withheld for stock purchase must be specified on the Form. Deductions can be increased, decreased, stopped or started on any pay period, as long as changes are received by payroll cutoff dates.

The second way to purchase stock is by direct purchase by personal check. Send in your personal check for any amount (up to
$10,000 per calendar year—see Question VI A for the limits on the Company’s matching) to Human Resources Employ Benefits Administration Department together with a completed Purchase Request Form. 
Both forms are available from your Human Resources Representative or at inside.amsouth or the Human Resources Employee Benefits
Administration Department. A participant may not use funds in an IRA to make a purchase. 
You may use both methods to
purchase stock, as long as you do not exceed the $10,000 per calendar year limit. 
 

	B.	 	When may I purchase shares of stock under the Plan? 

Shares will be purchased on the last business day of each month (the “Purchase Dates”), subject to the maximum amount (see Question IV C below) and the minimum purchase rule (see Question IV D below). Funds accumulated
through payroll deduction and all checks and Purchase Request Forms received in the Human Resources Employee Benefits Administration Department, AHP-7 in Birmingham by 3:00 p.m. Central Time on the day prior to each Purchase Date will be used to buy
stock as of the Purchase Date. 
For your purchases to be processed, you must remain a participant in active employment
through the Purchase Date or be on an approved leave of absence. 
 

	C.	 	How many shares of AmSouth stock may I purchase under the Plan? 

The number of shares purchased for you will be equal to the total amount of money you send in and/or accumulate through payroll deductions, plus the Company’s contribution (if any), divided by the
Purchase Price per share. The Purchase Price (see Question V A) will be the price of AmSouth Bancorporation common stock on the NYSE as of the close of business on the purchase date. The maximum amount you can invest each calendar year is $10,000.

There are no brokerage fees. A minimum of ten (10) shares must be purchased. Fractional shares will not be issued. If you
are purchasing through payroll reduction, excess funds available from fractional shares will remain available for use on the next available purchase date. Excess funds 

resulting from a direct purchase will be refunded on the next available payroll date as a non-taxable
contribution. 
 

	D.	 	Is there a minimum number of shares which must be purchased under the Plan? 

Yes. No fewer than ten (10) shares can be purchased at a time. If you use payroll deduction to purchase AmSouth stock and your accumulated funds (plus the Company matching contribution, if any) are not
enough to purchase ten (10) shares, the funds will carry over to the next Purchase Date. If you send in a check to purchase AmSouth stock, and your check (plus the Company matching contribution, if any) is not enough to purchase ten (10) shares,
your check will be returned to you. 
 

	E.	 	Are there any additional restrictions on my purchases under the Plan? 

Yes. You may not purchase stock under this Plan if, immediately after the purchase, you would own five (5) percent or more of the total combined voting power or value of all classes of stock of AmSouth
Bancorporation or any of its subsidiaries. The following rules apply solely for the purpose of determining whether your purchases are limited under the preceding sentence: 

	•	 	You will be considered the owner of stock which you may purchase under outstanding stock options; 

	•	 	You will be considered the owner of stock which is owned, directly or indirectly, by or for your spouse, ancestors, lineal descendants, brothers and sisters
(including half-brothers and half-sisters); and 

	•	 	If you are a shareholder of a corporation, a partner in a partnership or a beneficiary of a trust or estate, you will be considered the owner of a proportional share
of the stock owned, directly or indirectly, by or for the corporation, partnership, trust or estate. 

 

	F.	 	May I purchase shares for someone else? 

No. Any purchases you make under the Plan must be made in your name alone. 
 

	G.	 	May I purchase shares if I am on an approved leave of absence from AmSouth? 

Yes. If you are a participant in the Plan on an approved leave of absence, you may purchase shares of stock under the Plan. 
 

	H.	 	How can I keep track of my purchases and payroll deductions? 

Your pay voucher will reflect your after tax contributions for stock purchases and any Company match (imputed income). 
 

	V.	 	PURCHASE PRICE 

	A.	 	What is the Purchase Price of shares of AmSouth stock under the Plan? 

On each Purchase Date (see Question IV B), the Purchase Price will be that day’s closing price of AmSouth stock on the New York Stock Exchange. 
If, on a Purchase Date, there is no trading in AmSouth stock on the New York Stock Exchange (or if trading is halted or suspended) for a
substantial amount of time during the day, or if publication of the sales price of AmSouth stock on that day does not take place or contains a reporting error, the Purchase Price of shares will be determined by the Company on the basis of any market
quotations it shall deem appropriate. No shares will ever be purchased from the Company under the Plan at less than the par value ($1.00 per share.) 
 

	B.	 	Are participants charged any fees in connection with purchases under the Plan? 

No. You will incur no brokerage commissions or service charges for purchases made under the Plan. All costs of administration of the Plan will be paid by the Company. AmSouth does not cover service
charges (i.e., brokerage fees) associated with the sale of stock purchased through the Plan. 
 

	VI.	 	AMSOUTH MATCHING CONTRIBUTION 

	A.	 	How much will the Company’s matching contribution be? 

Remember that the Company will make matching contributions only with regard to the first $2,000 you invest under the Plan in any calendar year. This amount will not carry over from year to year. With this in mind, the
Company will match your purchase at $.25 on the dollar up to the first $2,000. So if you spend $2,000, you will have $2,500 available (due to the 25% match) to purchase stock. This company match is considered as taxable income and will be reflected
as such as soon as is practical within the payroll system for purpose of withholding appropriate taxes. Both direct purchases by check and purchases by payroll deduction apply toward the annual match maximum. 

 

	VII.	 	STOCK CERTIFICATES 

	A.	 	Will certificates be issued for shares of stock purchased under the Plan? 

Yes. AmSouth stock shares will be issued on one stock certificate in the name of the participant only and either (1) deposited to an existing AmSouth Investment Services, Inc., brokerage account, (2)
deposited to a newly established or existing dividend reinvestment account with Bank of New York, or (3) mailed to a participant’s home address. Issuance may require thirty (30) days or more. Once the shares are issued, they are available for
sale on an unrestricted basis (with very limited exceptions), but the employee will be totally responsible for any brokerage commissions. Certificates will be issued in your name only. 
 

	B.	 	When will stock certificates for stock purchased under the Plan be delivered? 

If you request that certificates be mailed to you, they will ordinarily be sent to you within thirty (30) days of the Purchase Date, if the shares are purchased from the Company. 
When shares are purchased in the open market, these purchases will be made as soon as practical and within thirty (30) days of the
Purchase Date, unless a longer period is necessary or advisable because of Federal Securities Laws. Therefore, delivery of stock certificates to you may take longer than thirty (30) days. If you are having your stock sent to a brokerage account, or
deposited into your AmSouth Dividend Reinvestment Account, these transactions will be made as soon as practical and normally within thirty (30) days of the Purchase Date. 
 

	VIII.	 	CERTAIN SHAREHOLDER RIGHTS 

	A.	 	Will I be able to receive dividends on shares purchased under the Plan? 

Yes. You will be just like any shareholder of AmSouth Bancorporation. If and when the Board of Directors of the Company declares any cash dividend, stock dividend, etc., you will receive it as do other
AmSouth shareholders. 
 

	B.	 	Can I sell the shares purchased under the Plan? 

Yes. The shares you purchase under the Plan are your property. You may dispose of them at any time you wish. 
As an employee of AmSouth, you must be cautious that you do not buy or sell stock while in possession of inside information, as this could subject you to liability under the Federal Securities Laws. If you have any questions in this
area, please call the AmSouth Law Department. 
 

	C.	 	Will I be able to vote my shares? 

Yes. As a shareholder of AmSouth, you will receive all information provided to shareholders, including a proxy statement and a proxy to vote your shares. 
 

	IX.	 	TERMINATION AS A PARTICIPANT 

	A.	 	How may I withdraw from the Plan or terminate as a Participant? 

You will automatically terminate as a participant if you terminate employment or move to a nonbenefits eligible position. You may stop your payroll deduction for stock purchases at any time by
notifying Human Resources Employee Benefits Administration. 
Upon termination of participation or movement to a non-benefits
eligible position, your accumulated contributions and matching funds (if any) will be applied towards the purchase of stock on the next Purchase Date, and any remaining funds (i.e., funds insufficient to purchase ten (10) shares or a fractional
share amount) will be refunded to you. 
 

	X.	 	OTHER INFORMATION 

	A.	 	What is the source of shares purchased under the Plan? 

Shares purchased under the Plan will be, at the Company’s discretion, either newly issued shares, shares already owned by the Company (treasury stock), or shares purchased for Plan participants in the open market, or a
combination. Newly issued shares and treasury stock will be purchased directly from the Company. The decision whether to purchase shares in the open market will be made by the Company based upon general market conditions, the relationship between
purchase price and book value per share, regulatory requirements and other factors. 
 

	B.	 	What is the responsibility of the Company under the Plan? 

 
Neither the Company, its Board of Directors, the AmSouth Benefits Committee, the Human Resources Employee Benefits
Administration Department, or any other person will be liable for any act done in good faith, or for any good faith omission to act, including, without limitation, any claims of liability arising out of the purchase or 

distribution of a participant’s stock. 
No one can assure you or any participant of a profit or protect against a loss on the stock purchased under the Plan. 
 

	C.	 	May the Plan be changed or discontinued? 

Yes. The Company reserves the right to suspend, modify or terminate the Plan at any time, without prior notice. 
 

	XI.	 	SUPPLEMENTAL INFORMATION 

	A.	 	General 

AmSouth Bancorporation (the
“Company”) has filed a registration statement with the Securities and Exchange Commission (“SEC”) regarding the shares to be issued under the Employee Stock Purchase Plan (the “Plan”) and various documents filed by the
Company with the SEC are incorporated by reference in the registration statement and are hereby incorporated by reference in this prospectus. Also incorporated by reference in this prospectus is AmSouth’s Registration Statement on Form 8-A,
filed on March 12, 1998, with respect to AmSouth’s Stockholder Protection Rights Agreement (and any amendment or report filed for the purpose of updating such description). Copies of these documents, other than certain exhibits, and certain
other documents required to be delivered to Plan participants, including the Company’s Annual Report to Shareholders and Annual Report on Form 10-K, are available without charge upon request made to AmSouth Bancorporation, P.O. Box 11007,
Birmingham, Alabama 35288 (telephone 205-583-4439). 
The Company has previously notified certain individuals of procedures
that should be followed with respect to sales of AmSouth stock received under the Plan or otherwise. 
 

	B.	 	Tax Consequences 

The Company’s
matching contribution to your purchase of stock is includable in your gross income as imputed income for state and federal purposes as of the Purchase Date (as defined in the Plan). Both state and Federal income tax must be withheld with respect to
the Company contribution. The Company will take this withholding out of your base pay as soon as practicable after a Purchase Date. 
In addition, both the employee and employer portions of FICA (Social Security) are due on the amount of the Company contribution. 
Your tax “basis” in your stock, under current federal income tax laws, will be the total amount paid by you and by the Company as if you had provided the entire purchase price for all shares acquired. The foregoing
is only an outline of the Company’s understanding of some of the applicable federal tax provisions. For further information on federal or any state tax laws or with respect to changes in tax laws after the date of this Prospectus, you should
consult with your own tax advisors. 
The Company is entitled to a tax deduction for the amount it contributes to your
purchase and for its expenses of operating the Plan, including any brokerage commissions which it pays. 
 

	C.	 	Administration of the Plan 

The Plan
is administered by the AmSouth Benefits Committee (the “Committee”) which is composed of seven senior officers of the Company. The Human Resources Employee Benefits Administration Department manages the day-to-day operation of the Plan.
The Committee has the authority to interpret the Plan and make any decisions necessary or advisable in administering the Plan. All decisions made by the Committee are final and binding. 
A current list of the Committee members and additional information about the Plan and its administration will be provided to any
participant upon written request to the Human Resources Employee Benefits Administration Department, P.O. Box 11007, Birmingham, Alabama 35288 (telephone 1-877-562-8383). 
 

	D.	 	ERISA 

The Employee Stock Purchase
Plan is not subject to the provisions of the Employee Retirement Income Security Act of 1974, popularly known as ERISA, nor is it a “qualified plan” under Section 401(a) or Section 423 of the Internal Revenue Code of 1986, as amended (the
“Code”).

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