Document:

Fifth Third Bancorp Unfunded Deferred Compensation Plan

 Exhibit 10.1 
  
 FIFTH THIRD BANCORP 
  
 UNFUNDED DEFERRED COMPENSATION PLAN 
  
 FOR NON-EMPLOYEE DIRECTORS 
  
  
 (as amended and restated effective as of January 1, 2005)

 FIFTH THIRD BANCORP 
 UNFUNDED DEFERRED COMPENSATION PLAN 
 FOR NON-EMPLOYEE DIRECTORS 
  
 (as amended and restated effective as of January 1, 2005)

  
 ARTICLE I – INTRODUCTION AND SECTION 409A
COMPLIANCE 
  

	1.1	Amendment and Restatement. Fifth Third Bancorp hereby amends and restates the Fifth Third Bancorp Unfunded Deferred Compensation Plan for Non-Employee Directors in its
entirety effective January 1, 2005. 

  

	1.2	Amendment and Restatement of Predecessor Plans. This Plan also constitutes a complete amendment and restatement of each Predecessor Plan effective January 1, 2005;
provided, however, a Participant’s Predecessor Plan Account initially shall be credited as of such date in 2005 determined by the Committee, in its sole discretion, with the value of such Participant’s account determined under the
provisions of such Predecessor Plan as of such date. 

  

	1.3	Transition Rules under Section 409A. 

  

	 	(a)	Election to Terminate Participation. The Committee, in its sole and absolute discretion, may offer to any Participant the option to terminate participation in the Plan and to
receive in 2005 a complete payout of his Account. Any such election shall be administered by the Committee in compliance with Internal Revenue Service Notice 2005-1 and any other applicable legal authority. The amount and other aspects of the
payment shall be determined by the Committee generally in accordance with the Plan, but the Committee shall have the authority to vary from the Plan, as it deems necessary or appropriate, to complete the payout. Any such election shall terminate
past participation but shall not affect future participation by the Participant. 

  

	 	(b)	New Payment Elections. In accordance with Paragraph 7.3, the Committee shall administer new payment elections under Article VII in 2005 which, for purposes of, Article VII
shall be treated as a Participant’s timely initial election under Paragraph 7.2(a) and not as a change in election under Paragraph 7.2(c). Any such election shall be administered by the Committee in its sole and absolute discretion and in
compliance with Internal Revenue Service Notice 2005-1 and any other applicable legal authority. 

 ARTICLE II- DEFINITIONS 
  

	2.1	“Account” shall mean the account established by a Company as a book reserve to reflect the amounts credited to a Participant under this Plan. A Participant’s
Account under the Plan may include one or more of the following subaccounts: 

  

	 	(a)	Deferred Compensation Account. 

  

	 	(b)	Predecessor Plan Account. 

  

	2.2	“Beneficiary” shall mean the person or persons entitled to receive the distributions, if any, payable under the Plan upon or after a Participant’s death, to
such person or persons as such Participant’s Beneficiary. Each Participant may designate a Beneficiary by filing the proper form with the Committee. A Participant may designate one or more contingent Beneficiaries to receive any distributions
after the death of a prior Beneficiary. A designation shall be effective upon said filing, provided that it is so filed during such Participant’s lifetime, and may be changed from time to time by the Participant. If there is no designated
Beneficiary to receive any amount that becomes payable to a Beneficiary, then the Participant’s Beneficiary shall be the estate of the last to die of the Participant and any properly designated Beneficiaries. 

  

	2.3	“Claims Review Committee” shall mean the committee established by the Committee for purposes of administering the claims and claim review procedures under the Plan.

  

	2.4	“Code” shall mean the Internal Revenue Code of 1986, as amended at the particular time applicable. A reference to a section of the Code shall include said section
and any comparable section or sections of any future legislation that amends, supplements or supersedes said section. 

  

	2.5	“Committee” shall mean The Fifth Third Bank Pension, Profit Sharing and Medical Plan Committee which is responsible for the administration of this Plan in
accordance with the provisions of the Plan as set forth in this document. A reference to the Committee includes its delegate. 

  

	2.6	“Company” shall mean Fifth Third Bancorp and any subsidiary of Fifth Third Bancorp or any successor or assignee of any of them. 

  

	2.7	“Compensation” shall mean the amount which shall be payable to a Director for his or her services as a Director or as a member of a Committee of the Board of
Directors, including fees for attending meetings. 

  

	2.8	“Deferred Compensation Account” shall mean the account established by a Company as a book reserve to reflect the amounts deferred by a Participant under Paragraph
4.1, as adjusted by earnings (and losses) under Article VI and as reduced by distributions under Article VII and Article VIII. 

  

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	2.9	“Director” shall mean any member of the Board of Directors of a Company who is not an employee of a Company. 

  

	2.10	“Effective Date” shall mean January 1, 2005. 

  

	2.11	“Open Enrollment Period” shall mean such period no more than thirty (30) days in length prescribed by the Committee, closing no later than the last day of the
Plan Year immediately preceding the Plan Year for which elections to defer Compensation under Article IV are permitted. 

  

	2.12	“Participant” shall mean any of the following: 

  

	 	(a)	any Director who satisfies the eligibility requirements of Article III and who receives an allocation to his Deferred Compensation Account under Article IV, as well as any former
Director who has a Deferred Compensation Account under the Plan; or 

  

	 	(b)	any person who has a Predecessor Plan Account attributable to his services as a non-employee member of a board of directors covered by a Predecessor Plan. 

 

	2.13	“Plan” shall mean the Fifth Third Bancorp Unfunded Deferred Compensation Plan for Non-Employee Directors, as described in this instrument, and as may be amended,
thereafter. 

  

	2.14	“Plan Year” shall mean the calendar year. 

  

	2.15	“Predecessor Plan” shall mean any other nonqualified deferred compensation plan designated by the Committee. This Plan shall be considered a complete amendment and
restatement of each Predecessor Plan effective January 1, 2005. 

  

	2.16	“Predecessor Plan Account” shall mean an account established by the Company as a book reserve to reflect amounts credited hereunder with respect to a Predecessor
Plan, as adjusted by earnings (and losses) under Article VI and as reduced by distributions under Article VII and Article VIII. 

  

	2.17	“Valuation Date” shall mean each June 30th and December 31st. 

  
 ARTICLE III – ELIGIBILITY AND PARTICIPATION 
  

	3.1	Each individual who is a Director on the first day of an Open Enrollment Period may elect to defer Compensation for services performed during the ensuing Plan Year to which the Open
Enrollment Period relates, in accordance with Article IV. 

  
 An individual who is not a Director on the first day of an Open Enrollment Period but who later becomes a Director shall not be eligible to elect to defer Compensation until the first day of the next Open Enrollment
Period with respect to which he is still a Director (for the Plan Year to which such next Open Enrollment Period relates). 
  

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	3.2	Notwithstanding Paragraph 3.1 or 4.2, an individual who first becomes a Director in 2005 may elect to defer Compensation with respect to services subsequent to the election within
30 days after becoming a Director, in accordance with Article IV. 

  
 ARTICLE IV- ELECTION TO DEFER COMPENSATION 
  

	4.1	Each Director eligible under Article III may elect to have fifty percent (50%) or more of his Compensation for services performed during a Plan Year deferred and credited with
earnings in accordance with the terms and conditions of the Plan. 

  

	4.2	An eligible Director desiring to exercise an election under Paragraph 4.1 for a Plan Year shall notify the Committee each Plan Year of his deferral election during the Open
Enrollment Period established by the Committee for such Plan Year. Such notice must be in writing, on a form provided by the Committee, and delivered to the Committee during the Open Enrollment Period. 

  

	4.3	A deferral election shall be effective for the entire Plan Year (but not for any future Plan Year) to which it relates and may not be modified or terminated for that Plan Year;
provided however, such an election shall terminate if the Participant’s status changes so that he is no longer a Director. 

  

	4.4	The Compensation otherwise payable to the Participant during the Plan Year shall be reduced by the amount of the Participant’s election under Paragraph 4.1. Such amounts shall
be credited to the Participant’s Deferred Compensation Account at the time his Compensation is so reduced. 

  
 ARTICLE V- PARTICIPANT’S INTEREST 
  

	5.1	Unsecured Creditor. No Participant or his designated Beneficiary shall acquire any property interest in his Account or any other assets of any Company, their rights being
limited to receiving from the Company deferred payments as set forth in this Plan and these rights are conditioned upon continued compliance with the terms and conditions of this Plan. To the extent that any Participant or Beneficiary acquires a
right to receive benefits under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. 

  
 ARTICLE VI - CREDITING OF EARNINGS 
  

	6.1	General. As of each Valuation Date, there shall be credited to the Account of each Participant an additional amount of earnings (or losses) determined under this Article VI.

  

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	6.2	Available Investment Elections. 

  

	 	(a)	Investment Elections. Each Participant shall elect to have earnings (or losses) credited to his Account under the Treasury Bill investment election and/or the Fifth Third
Stock investment election. 

  
 Such an election
shall be made in such manner as the Committee shall direct. 
  
 The Committee may prescribe rules including rules which limit the frequency of changes to elections, prescribe times for making elections, regulate the amount or increment a Participant may allocate to a particular investment benchmark,
require or allow an election (or election change) to relate only to future allocations, require an election to apply consistently to all subaccounts and provide for the investment of an Account of a Participant who fails to make an election.

  

	 	(b)	Treasury Bill Investment Election. Under the Treasury Bill investment election, a Participant’s Account shall be credited with interest at a rate equal to the rate on
one-year United States Treasury Bills, determined as of the preceding December 31, increased by 100 basis points. 

  

	 	(c)	Fifth Third Stock Investment Election. Under the Fifth Third Stock investment election, a Participant’s Account shall be credited with earnings or losses (including
unrealized gains or losses, dividends and stock splits) determined as if the Account were invested in common stock of Fifth Third Bancorp. 

  

	 	(d)	Rate of Return Benchmarks. The Committee shall determine the rate of return for the Treasury Bill investment election and the Fifth Third Stock investment election.

  

	 	(e)	Crediting. As of each Valuation Date, the Participant’s Account shall be increased or decreased as if it had earned the rate of return corresponding to the
Participant’s investment election. The Committee’s determination of the rates of return and the adjustment to a Participant’s Account shall be binding on all parties. 

  
 ARTICLE VII- PLAN BENEFITS 
  

	7.1	Distributions. 

  

	 	(a)	Amount of Payment. The amount of a distribution attributable to a Participant’s Account shall be based upon the value of such Account as of the Valuation Date last
preceding the payment, increased by any deferrals of Compensation credited to the Participant’s Account after such Valuation Date, and reduced by any payments from the Participant’s Account after such Valuation Date.

  

	 	(b)	Time and Form of Payment. In accordance with the election procedures in Paragraph 7.2, a Participant may elect to have the amounts represented by the

  

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 Participant’s Account paid (or commence to be paid) as of the first business day of August of the
Plan Year immediately following the Plan Year in which the Participant ceases to be a Director, or the first business day of August of any subsequent year, but not later than the first business day of August of the tenth Plan Year following the Plan
Year in which the Participant ceases to be a Director. In accordance with the election procedures in Paragraph 7.2, a Participant may elect to have such amounts paid in one of the following forms: 
  

	 	(i)	single lump sum cash distribution; or 

  

	 	(ii)	annual cash installments, the last payment of which is no later than the first business day of August of the tenth Plan Year following the Plan Year in which the Participant ceases
to be a Director. 

  
 If installment payments are
in effect, the Participant’s Account shall continue to be credited with earnings (or losses) under Article VI until fully paid. 
  
 Notwithstanding the foregoing or Paragraph 7.3 (a), (b) or (c), effective December 31, 2005, in the event the Participant’s Account does
not exceed $25,000 as of any December 31st after the Participant has ceased to be a Director, then any payment
election by a Participant shall be disregarded. In such a case, the Account (or remaining balance thereof) shall be paid in a single lump sum cash distribution as of the first business day of August following such December 31st (even if the payment would exceed $25,000 at that time). 
  

	7.2	Election Procedures. 

  

	 	(a)	A Participant who wishes to make an initial election referred to in Paragraph 7.1 must do so within the first Open Enrollment Period applicable to him under Article III.

  
 Any such election shall be
effective immediately. 
  
 As provided in Paragraph 1.3(b), a
payment election in 2005 under Internal Revenue Service Notice 2005-1 shall be considered a timely initial election. 
  

	 	(b)	If a Participant does not make a timely initial election concerning the commencement date and payment schedule of benefits under Paragraph 7.2(a), then, except as provided in
(c) below, payment shall be made as of the first business day of August of the Plan Year immediately following the Plan Year in which he cases to be a Director, in a single lump sum cash distribution. 

  

	 	(c)	A Participant may make or change an election after the deadline established in (a) above at any time in order to defer payment for a period of not less than five years from the
date payment would otherwise begin (but not to accelerate any payment). Payment shall be made in accordance with any such election only if the Participant ceases to be a Director at least one year following the date of the 

 

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 election. Otherwise, the payment shall be made in accordance with the election (if any) in effect
immediately prior to the changed election, or in accordance with (b) above if no such election is in effect. 
  

	 	(d)	Elections shall be made in writing on a form provided by the Committee and shall be made in accordance with the rules established by the Committee. 

  

	7.3	Transition Rules. 

  

	 	(a)	Participants in Pay Status in 2005. Subject to Paragraph 1.3(a), a Participant who has commenced receiving installment payments in 2005 or earlier, shall continue to receive
such payments in accordance with the payment provisions under the Plan or election (whichever is controlling) in effect prior to the Effective Date provided that the value of his Account as of the June 30, 2005 Valuation Date is greater than
$10,000. If the value of such a Participant’s Account as of such date is not greater than $10,000, then he shall receive a single lump sum cash distribution of his entire Account in 2005. Effective December 31, 2005, in the event the
Participant’s Account does not exceed $25,000 as of any December 31st, then any payment election by a
Participant shall be disregarded. In such a case, the Account (or remaining balance thereof) shall be paid in a single lump sum cash distribution as of the first business day of August following such December 31st (even if such Account exceeds $25,000 as of the Valuation Date immediately preceding payment). 

  

	 	(b)	Terminated Participants Not in Pay Status. Subject to Paragraph 1.3(a), a Participant who has ceased being a Director in 2005 or earlier, but who, as of a date in 2005
determined by the Committee, has not received or commenced receiving payments of his Account, shall be subject to the payment provisions of Paragraph 7.1, and any prior payment elections shall be of no force or effect. As provided in
Paragraph 1.3(b), such a Participant shall have the opportunity to complete a new election by a date in 2005 determined by the Committee. Such a Participant who does not properly complete and return such an election by such date shall receive a
single lump sum distribution of his entire Account as of August 1, 2006. Notwithstanding the foregoing, if such a Participant’s Account as of a date in 2005 determined by the Committee is not greater than $10,000, then he shall receive a
single lump sum distribution of his entire Account in 2005. Effective December 31, 2005, in the event the Participant’s Account does not exceed $25,000 as of any December 31st, then any payment election shall be disregarded. In such a case, the Account (or remaining balance thereof) shall be paid in a single lump sum distribution as
of the first business day of August following such December 31st (even if such Account exceeds $25,000 at that
time). 

  

	 	(c)	Current Directors. Subject to Paragraph 1.3(a), a Participant who remains a Director as of a date in 2005 determined by the Committee shall be subject to the payment
provisions of Paragraph 7.1 and any prior elections shall be of no force 

  

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 or effect. As provided in Paragraph 1.3(b), such a Participant shall have the opportunity to complete a
new election by a date in 2005 determined by the Committee. Any such election shall be treated as an initial election under Paragraph 7.2(a). Such a Participant who does not make a timely election shall be treated the same as provided for in
Paragraph 7.2(b) and 7.2(c) for Participants who do not make timely initial elections. 
  

	7.4	Facility of Payment. Payments required to be made hereunder on or as of a specified date may be made in a reasonable period after such date for administrative convenience.

  
 ARTICLE VIII- DEATH 
  

	8.1	If a Participant dies before commencing payment of the amounts represented by the Participant’s Account, then the Participant’s Account, as determined under Paragraph
7.1(a), shall be paid to the Participant’s Beneficiary in a single lump sum-cash distribution, as soon as reasonably possible after the Committee is notified of the Participant’s death. If the Participant has already commenced receiving
the amounts represented by the Participant’s Account in the installment payment form, the installment payments shall continue to be paid to the Participant’s Beneficiary. 

  
 ARTICLE IX- NON-ASSIGNABLE/NON-ATTACHMENT 
  

	9.1	Except as required by law, no right of the Participant or designated Beneficiary to receive payments under this Plan shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation or to execution, attachment, levy or similar process or assignment by operation of law and any attempt, voluntary or involuntary, to effect any such action shall be null and void and of no
effect. 

  
 ARTICLE X- ADMINISTRATION

  

	10.1	Administration. In addition to the powers which are expressly provided in the Plan, the Committee shall have the power and authority in its sole, absolute and uncontrolled
discretion to control and manage the operation and administration of the Plan and shall have all powers necessary to accomplish these purposes including, but not limited to the following: 

  

	 	(a)	the power to determine who is a Participant; 

  

	 	(b)	the power to determine allocations, balances, and nonforfeitable percentages with respect to Participant’s Accounts; 

  

	 	(c)	the power to determine when, to whom, in what amount, and in what form distributions are to be made; and 

  

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	 	(d)	such powers as are necessary, appropriate or desirable to enable it to perform its responsibilities, including the power to interpret the Plan, establish rules, regulations and
forms with respect thereto. 

  
 Benefits under this
Plan will be paid only if the Committee decides in its discretion that the applicant is entitled to them. 
  
 ARTICLE XI- CONSOLIDATION OR MERGER 
  

	11.1	In the event that Fifth Third Bancorp or any entity (resulting from any merger or consolidation or which shall be a purchaser or transferee so referred to), shall at anytime be
merged or consolidated into or with any other entity or entities, or in the event that substantially all of the assets of Fifth Third Bancorp or any such entity shall be sold or otherwise transferred to another entity, the provision of this Plan
shall be binding upon and shall inure to the benefit of the continuing entity or the entity resulting from such merger or consolidation or the entity to which such assets shall be sold or transferred. Except as provided in the preceding sentence,
this Plan shall not be assignable by Fifth Third Bancorp or by any entity referred to in such preceding sentence. 

  
 ARTICLE XII- AMENDMENT OR TERMINATION 
  

	12.1	Amendment. Fifth Third Bancorp reserves the right to amend the Plan. Any amendment of the Plan shall be by action of the Committee or by the Chairman of the Committee. If an
amendment is being made by said Committee, it must be approved by a majority of the members of the Committee as constituted at the time of adoption of the amendment. Any amendment may be given retroactive effect as determined by said Committee or
Chairman. Any amendment may, without limitation, (a) affect a Participant whether or not currently serving as a Director or in pay status, and (b) affect or modify Participant elections and payment methods. An amendment may be evidenced in
such manner as said Committee or Chairman shall determine. If the amendment is approved by said Committee, such evidence may include (but shall not be limited to) a written resolution signed by a majority of the members of the Committee or minutes
of a meeting of the Committee reflecting approval by a majority of the members. 

  

	12.2	Termination. Fifth Third Bancorp reserves the right to terminate the Plan. Any termination of the Plan shall be by action of the Committee. Any termination must be approved
by a majority of the members of said Committee as constituted at the time of adoption of the termination; and any such termination may be given retroactive effect as determined by said Committee. Any termination may, without limitation,
(a) affect a Participant whether or not currently serving as a Director or in pay status, and (b) affect or modify Participant elections and payment methods. A termination may be evidenced in such manner as said Committee shall determine,
and such evidence may include (but shall not be limited to) a written resolution signed by a majority of the members of the Committee or minutes of a meeting of the Committee reflecting approval by a majority of the members.

  

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 ARTICLE XIII - CLAIMS 
  

	13.1	Initial Claims Procedure. 

  

	 	(a)	Claim. In order to present a complaint regarding the nonpayment of a Plan benefit or a portion thereof (a “Claim”), a Participant or Beneficiary under the Plan (a
“Claimant”) or his duly authorized representative must file such Claim by mailing or delivering a writing stating such Claim to the department, officer, or employee responsible for employee benefit matters of the Company. Upon such receipt
of a Claim, the Claims Review Committee shall furnish to the Claimant a written acknowledgment which shall inform such Claimant of the time limit set forth in (b)(i) below and of the effect, pursuant to (b)(iii) below, of failure to decide the Claim
within such time limit. 

  

	 	(b)	Initial Decision. 

  

	 	(i)	Time Limit. The Claims Review Committee shall decide upon a Claim within a reasonable period of time after receipt of such Claim; provided, however, that such period shall in
no event exceed 90 days, unless special circumstances require an extension of time for processing. If such an extension of time for processing is required, then the Claimant shall, prior to the termination of the initial 90-day period, be furnished
a written notice indicating such special circumstances and the date by which the Claims Review Committee expects to render a decision. In no event shall an extension exceed a period of 90 days from the end of the initial period.

  

	 	(ii)	Notice of Denial. If the Claim is wholly or partially denied, then the Claims Review Committee shall furnish to the Claimant, within the time limit applicable under
(i) above, a written notice setting forth in a manner calculated to be understood by the Claimant: 

  

	 	(A)	the specific reason or reasons for such denial; 

  

	 	(B)	specific reference to the pertinent Plan provisions on which such denial is based; 

  

	 	(C)	a description of any additional material or information necessary for such Claimant to perfect his Claim and an explanation of why such material or information is necessary; and

  

	 	(D)	appropriate information as to the steps to be taken if such Claimant wishes to submit his Claim for review pursuant to Paragraph 13.2, including notice of the time limits set forth
in subsection 13.2(b)(ii). 

  

	 	(iii)	Deemed Denial for Purposes of Review. If a Claim is not granted and if, despite the provisions of (i) and (ii) above, notice of the denial of a Claim

  

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 is not furnished within the time limit applicable under (i) above, then the Claimant may deem such
Claim denied and may request a review of such deemed denial pursuant to the provisions of Paragraph 13.2. 
  

	13.2	Claim Review Procedure. 

  

	 	(a)	Claimant’s Rights. If a Claim is wholly or partially denied under Paragraph 13.1, then the Claimant or his duly authorized representative shall have the following
rights: 

  

	 	(i)	to obtain, subject to (b) below, a full and fair review by the Claims Review Committee; 

  

	 	(ii)	to review pertinent documents; and 

  

	 	(iii)	to submit issues and comments in writing. 

  

	 	(b)	Request for Review. 

  

	 	(i)	Filing. To obtain a review pursuant to (a) above, a Claimant entitled to such a review or his duly authorized representative shall, subject to (ii) below, mail or
deliver a written request for such a review (a “Request for Review”) to the department, officer, or employee responsible for employee benefit matters of the Company. 

  

	 	(ii)	Time Limits for Requesting a Review. A Request for Review must be mailed or delivered within 60 days after receipt by the Claimant of written notice of the denial of the
Claim. 

  

	 	(iii)	Acknowledgment. Upon such receipt of a Request for Review, the Claims Review Committee shall furnish to the Claimant a written acknowledgment which shall inform such Claimant
of the time limit set forth in (c)(i) below and of the effect, pursuant to (c)(iii) below, of failure to furnish a decision on review within such time limit. 

  

	 	(c)	Decision on Review. 

  

	 	(i)	Time Limit. 

  

	 	(A)	General. If, pursuant to (b) above, a review is requested, then, except as otherwise provided in (B) below, the Claims Review Committee or its delegate (but only if
such delegate has been given the authority to make a final decision on the Claim) shall make a decision promptly and no later than 60 days after receipt of the Request for Review; except that, if special circumstances require an extension of time
for processing, then the decision shall be made as soon as possible but not later than 120 days after receipt 

  

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 of the Request for Review. The Claims Review Committee must furnish the Claimant written notice of any
extension prior to its commencement. 
  

	 	(B)	Regularly Scheduled Meetings. Anything to the contrary in (A) above notwithstanding, if the Claims Review Committee holds regularly scheduled meetings at least
quarterly, then its decision on review shall be made no later than the date of the meeting which immediately follows the receipt of the Request for Review; provided, however, if such Request for Review is received within 30 days preceding the date
of such meeting, then such decision on review shall be made no later than the date of the second meeting which follows such receipt; and provided further that, if special circumstances require a further extension of time for processing, and if the
Claimant is furnished written notice of such extension prior to its commencement, then such decision on review shall be rendered no later than the third meeting which follows such receipt. 

  

	 	(ii)	Notice of Decision. The Claims Review Committee or its delegate shall furnish to the Claimant, within the time limit applicable under (i) above, a written notice setting
forth in a manner calculated to be understood by the Claimant: 

  

	 	(A)	the specific reason or reasons for the decision on review; 

  

	 	(B)	specific reference to the pertinent Plan provisions on which the decision on review is based; and 

  

	 	(C)	a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to
the Claimant’s claim for benefits. 

  

	 	(iii)	Deemed Denial. If, despite the provisions of (i) and (ii) above, the decision on review is not furnished within the time limit applicable under (i) above, then
the Claimant shall be deemed to have exhausted his remedies under the Plan and he may deem the Claim to have been denied on review. 

  
 The Claims Review Committee shall have the sole, absolute and uncontrolled discretion to decide all claims under the initial claims procedure and under
the claims review procedure, and its decisions shall be binding on all parties. 
  

	13.3	Required Exhaustion of Administrative Remedies. Before a Participant may file a lawsuit regarding the Plan or benefits under the Plan, the Participant must first use the
Initial Claims Procedure and the Claim Review Procedure (including the requirement of a timely request for review) described above. 

  

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 ARTICLE XIV-
MISCELLANEOUS 
  

	14.1	No Enlargement of Employment Rights. Neither this Plan, nor any action of Fifth Third Bancorp, a Company or the Committee, nor any election to defer Compensation hereunder
shall be held or construed to confer on any person any legal right to be continued as a Director of Fifth Third Bancorp, or any Company. 

  

	14.2	Withholdings. Fifth Third Bancorp shall have the right to deduct from a Participant’s Account and/or any payments due a Participant or Beneficiary under the Plan any and
all taxes determined by the Committee to be applicable with respect to such benefits. In the discretion of the Committee, Fifth Third Bancorp may accept payment by the Participant (or Beneficiary) of the amount of any applicable taxes in lieu of
deducting such amount from the Participant’s Account or payments due under the Plan. 

  

	14.3	Entire Agreement. This Plan document constitutes the entire agreement between the Company and any Participant (or Beneficiary), and supersedes all other prior agreements,
undertakings, both written and oral, with respect to the subject matter hereof. This Plan document may not be amended orally or by any course or purported course of dealing, but only by an amendment in accordance with Paragraph 12.1 specifically
identified within its text as a Plan amendment. Written communications and descriptions not specifically identified within their text as amendments, shall not constitute amendments and shall have no interpretive or controlling effect on the
interpretation of this Plan. Oral communications shall not constitute amendments and shall have no interpretation or controlling effect on the interpretation of this Plan. 

  

	14.4	No Guarantee of Tax Consequences. The Participant (or Beneficiary) shall be responsible for all taxes with respect to his benefit hereunder. Neither Fifth Third Bancorp nor
any Company guarantees any particular tax consequences. 

  

	14.5	Governing Law. The provisions of the Plan shall be governed and construed in accordance with the laws of the State of Ohio, except its conflict of law rules.

  
 IN WITNESS WHEREOF, Fifth Third Bancorp has
caused this Plan to be adopted as of January 1, 2005. 
  

			
	FIFTH THIRD BANCORP
		
	 By:
	 	 /s/ PAUL L. REYNOLDS

	 	 	October 6, 2005

  

 - 13 -Letter Agreement dated October  7, 2005

 Exhibit 10.1 
  
 Adolor Corporation 
 700 Pennsylvania Drive 
 Exton, Pennsylvania 19341 
  
 October 7, 2005 
  
 James Barrett, Ph.D. 
 700 Pennsylvania Drive 
 Exton, Pennsylvania 19341 
  
 Dear: Dr. Barrett, 
  
 Adolor Corporation, a
Delaware corporation (the “Company”), has agreed that for the period from September 1, 2005 through June 30, 2006, the Company will reimburse you for the mortgage and real estate taxes payable for your residence located in
Downingtown, Pennsylvania (grossed up for federal, state and local taxes). This reimbursement shall be in effect until the earlier of the following dates: (i) the date the total of all such expenses (including gross up for tax effect) has
reached $55,000; (ii) the date you have reached settlement on a sale of your home located in Upper Grandview, New York; or (iii) June 30, 2006. 
  

			
	Sincerely,
	
	ADOLOR CORPORATION
		
	By:	 	 /s/ David Madden

	 	 	David Madden
	 	 	Chairman, President and Chief Executive Officer

  

			
	AGREED TO AND ACCEPTED:	  	 
		
	 /s/ James Barrett

	  	            Dated: October 7, 2005
	James Barrett, Ph.D.	  	 
	Senior Vice President, Chief Scientific Officer	  	 
	& President, Research

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