Document:

Bank of America 401(k) Restoration Plan

 Exhibit 10(e) 
 BANK OF AMERICA 401(K) RESTORATION PLAN 
 (AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009) 

 BANK OF AMERICA 401(K)
RESTORATION PLAN 
 (AS AMENDED AND RESTATED
EFFECTIVE JANUARY 1, 2009) 
 TABLE OF CONTENTS 

  

							
	 	 	 	 	 	 	PAGE
		
	 ARTICLE I DEFINITIONS
	 	2
				
		 	1.1	 	Account	 	2
				
		 	1.2	 	Associate	 	2
				
		 	1.3	 	Base Salary	 	2
				
		 	1.4	 	Beneficiary	 	2
				
		 	1.5	 	Class Year Deferrals	 	2
				
		 	1.6	 	Code	 	3
				
		 	1.7	 	Code Limitations	 	3
				
		 	1.8	 	Committee	 	3
				
		 	1.9	 	Completion Incentive	 	3
				
		 	1.10	 	Corporation	 	3
				
		 	1.11	 	Deferral Account	 	3
				
		 	1.12	 	EIP	 	4
				
		 	1.13	 	Eligible Associate	 	4
				
		 	1.14	 	Eligible Incentive Award	 	4
				
		 	1.15	 	ERISA	 	4
				
		 	1.16	 	401(k) Plan	 	4
				
		 	1.17	 	Global Human Resources Group	 	4
				
		 	1.18	 	Make-up Contribution Restoration Account	 	4
				
		 	1.19	 	Matchable Compensation	 	5
				
		 	1.20	 	Matchable Deferrals	 	5
				
		 	1.21	 	Matching Contribution Restoration Account	 	5
				
		 	1.22	 	Match Rate	 	5
				
		 	1.23	 	MFIP	 	5
				
		 	1.24	 	Participant	 	5
				
		 	1.25	 	Participating Employer	 	5
				
		 	1.26	 	Plan Year	 	6

  

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		 	1.27	 	Pre-2005 Account	 	6
				
		 	1.28	 	Restoration Plan	 	6
				
		 	1.29	 	Rule of 60	 	6
				
		 	1.30	 	Termination of Employment (or to Terminate Employment)	 	6
				
		 	1.31	 	2005 Account	 	6
				
		 	1.32	 	Vesting Service	 	6
		
	 ARTICLE II DEFERRED COMPENSATION PROVISIONS
	 	7
				
		 	2.1	 	Eligibility	 	7
				
		 	2.2	 	Form and Time of Elections	 	7
				
		 	2.3	 	Deferrals	 	8
				
		 	2.4	 	Matching and Make-up Contributions	 	9
				
		 	2.5	 	Account Adjustments	 	10
				
		 	2.6	 	Vesting of Accounts	 	11
				
		 	2.7	 	Special Payment Elections	 	11
				
		 	2.8	 	Distribution Provisions	 	11
				
		 	2.9	 	General Payment Provisions	 	18
				
		 	2.10	 	Catch-Up Contributions	 	18
				
		 	2.11	 	Special Provisions Related to Completion Incentives	 	18
				
		 	2.12	 	Other Contributions	 	19
		
	 ARTICLE III PLAN ADMINISTRATION
	 	20
				
		 	3.1	 	Committee	 	20
		
	 ARTICLE IV AMENDMENT AND TERMINATION
	 	21
				
		 	4.1	 	Amendment and Termination	 	21
		
	 ARTICLE V MISCELLANEOUS PROVISIONS
	 	22
				
		 	5.1	 	Nature of Plan and Rights	 	22
				
		 	5.2	 	Spendthrift Provision	 	22
				
		 	5.3	 	Limitation of Rights	 	22
				
		 	5.4	 	Adoption by Other Participating Employers	 	23
				
		 	5.5	 	Governing Law	 	23
				
		 	5.6	 	Merged Plans	 	23
				
		 	5.7	 	Status Under ERISA	 	23
				
		 	5.8	 	Compliance With Section 409A Of The Code	 	24

  

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		 	 5.9
	 	Severability	 	24
				
		 	5.10	 	Headings and Subheadings	 	24
				
		 	5.11	 	Social Security Tax	 	24
				
		 	5.12	 	Claims Procedure	 	24
				
		 	5.13	 	Limited Effect Of Restatement	 	24
				
		 	5.14	 	Binding Effect	 	25

  

 iii 

 BANK OF AMERICA 401(K)
RESTORATION PLAN 
 (AS AMENDED AND RESTATED
EFFECTIVE JANUARY 1, 2009) 
 THIS INSTRUMENT OF AMENDMENT AND RESTATEMENT is executed by
BANK OF AMERICA CORPORATION, a Delaware corporation (the “Corporation”); 
 Statement of Purpose 
 The Corporation sponsors the Bank of America 401(k) Restoration Plan (the “Restoration Plan”). The purpose of the Restoration
Plan is to provide benefits, on a non-qualified and unfunded basis, to certain associates whose benefits under The Bank of America 401(k) Plan or The Bank of America 401(k) Plan for Legacy Companies are adversely affected by the limitations of
Sections 401(a)(17), 401(k)(3), 401(m), 402(g) and 415 of the Internal Revenue Code, as well as any other limitations that may be placed on highly compensated participants under such plans. 
 The Corporation is amending and restating the Restoration Plan effective January 1, 2009 as set forth herein to (i) reflect
certain design changes to the Restoration Plan, (ii) provide for the Restoration Plan’s documentary compliance with the requirements of Section 409A of the Code and (iii) otherwise meet current needs. 
 NOW, THEREFORE, for the purposes aforesaid, the Corporation hereby amends and restates the Restoration Plan effective January 1,
2009 to consist of the following Articles I through V: 

 ARTICLE I 
 DEFINITIONS 
 Unless defined herein, any word, phrase or term used in the Plan shall
have the meaning given to it in the 401(k) Plan. However, the following terms have the following meanings unless a different meaning is clearly required by the context: 
  

	1.1	 Account 

 Collectively, the Deferral Account, Matching Contribution Restoration Account, Make-up Contribution Restoration Account and a predecessor company Account (if any). 
  

	1.2	 Associate 

 A common law employee of a Participating Employer who is identified as an employee in the personnel records of the Participating Employer. 
  

	1.3	 Base Salary 

 The portion of the Eligible Associate’s compensation treated as base salary or wages by the Eligible Associate’s Participating Employer, or for an Eligible Associate who receives commissions, the portion of the Eligible
Associate’s compensation treated as draw by the Eligible Associate’s Participating Employer. 
  

	1.4	 Beneficiary 

 The “Beneficiary” of a Participant under the 401(k) Plan unless the Participant elects a different Beneficiary for purposes of the Restoration Plan in accordance with such procedures as the Global Human Resources Group may
establish from time to time. If there is no Beneficiary election in effect under the 401(k) Plan or the Restoration Plan at the time of a Participant’s death, or if the designated Beneficiary fails to survive the Participant, then the
Beneficiary shall be the Participant’s surviving spouse, or if there is no surviving spouse, the Participant’s estate. 
  

	1.5	 Class Year Deferrals 

  

	 	(a)	 For each Plan Year, the deferrals of a Participant’s Base Salary under Section 2.3(b) for the Plan Year plus the deferral under Section 2.3(c) of
any portion of the Participant’s Eligible Incentive Award earned for services rendered during the Plan Year, including any related adjustments for deemed investments in accordance with Section 2.5. 

  

	 	(b)	 In addition, in accordance with Section 2.8(a)(ii), all matching contributions credited to the Restoration Plan for a Participant after 2005 under
Section 2.4 plus any other amounts credited to the Restoration Plan for the Participant after 2005 under Section 2.12, including any related adjustments for deemed investments in accordance with Section 2.5, shall collectively
constitute one separate set of Class Year Deferrals for the Participant. 

  

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	 	(c)	 In addition, in accordance with Section 2.8(a)(iii), all make-up contributions credited to the Restoration Plan for a Participant under Section 2.4(d),
including any related adjustments for deemed investments in accordance with Section 2.5, shall collectively constitute one separate set of Class Year Deferrals for the Participant. 

  

	1.6	 Code 

 The
Internal Revenue Code of 1986. References to the Code shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder. 
  

	1.7	 Code Limitations 

 Any one or more of the limitations and restrictions that Sections 401(a)(17), 401(k)(3), 401(m), 402(g) and 415 of the Code place on the pre-tax retirement savings contributions and employer matching contributions for a Participant under
the 401(k) Plan. In addition, Code Limitations means and refers to any other limitations on contributions under the 401(k) Plan or established by the 401(k) Plan administrative committee with respect to highly compensated participants. 

 

	1.8	 Committee 

 The committee designated pursuant to Section 3.1 of the Restoration Plan. 
  

	1.9	 Completion Incentive 

 An incentive award payable to an Eligible Associate upon completion of an assignment outside the United States, which incentive award relates to one or more Plan Years, all pursuant to an incentive arrangement
approved for purposes of the Restoration Plan by the Committee. 
  

	1.10	 Corporation 

 Bank of America Corporation, a Delaware corporation, and any successor thereto. 
  

	1.11	 Deferral Account 

 The account established and maintained on the books of a Participating Employer to record a Participant’s interest under the Restoration Plan attributable to amounts credited to the Participant pursuant to Section 2.3. 

 

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	1.12	 EIP 

 The
Bank of America Corporation Equity Incentive Plan, as in effect from time to time. 
  

	1.13	 Eligible Associate 

 For a Plan Year, an Associate who the Global Human Resources Group has determined satisfies the eligibility requirements set forth in Section 2.1 for the Plan Year. 
  

	1.14	 Eligible Incentive Award 

  

	 	(a)	 Any commissions; and 

  

	 	(b)	 Any incentive awards payable in cash pursuant to (i) the Bank of America Executive Incentive Compensation Plan or (ii) any other incentive compensation
plan of the Corporation or any of its Subsidiaries approved for purposes of this Restoration Plan by the Committee. Eligible Incentive Awards may be payable annually, quarterly, or on such other basis as provided by the applicable plan. Eligible
Incentive Awards shall not include contest prizes, hiring, retention or employment referral bonuses, one-time bonuses, suggestion program awards or any severance or similar benefits. 

  

	1.15	 ERISA 

 The
Employee Retirement Income Security Act of 1974, as amended. References to ERISA shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder. 
  

	1.16	 401(k) Plan 

 With respect to an Eligible Associate, the applicable tax-qualified 401(k) plan in which the Eligible Associate participates: namely, either The Bank of America 401(k) Plan or The Bank of America 401(k) Plan for Legacy Companies, as such
plans are in effect from time to time. 
  

	1.17	 Global Human Resources Group 

 The Global Human Resources Group of the Corporation. 
  

	1.18	 Make-up Contribution Restoration Account 

 The account established and maintained on the books of a Participating Employer to record a Participant’s interest under the Restoration Plan attributable to amounts credited to the Participant pursuant to
Section 2.4(d) of the Restoration Plan. 
  

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	1.19	 Matchable Compensation 

 The total gross Base Salary and Eligible Incentive Awards payable to a Participant during the portion of a Plan Year (if any) during which the Participant is eligible to receive matching contributions under the 401(k)
Plan; provided, however, that in no event shall Matchable Compensation for the Plan Year exceed $250,000. 
  

	1.20	 Matchable Deferrals 

 The aggregate pre-tax retirement savings contributions made by a Participant under the 401(k) Plan during the portion of a Plan Year (if any) during which the Participant is eligible to receive matching contributions
under the 401(k) Plan plus the aggregate deferrals of Base Salary and Eligible Incentive Awards made by the Participant under the Restoration Plan during such period. 
  

	1.21	 Matching Contribution Restoration Account 

 The account established and maintained on the books of a Participating Employer to record a Participant’s interest under the Restoration Plan attributable to amounts credited to the Participant pursuant to
Section 2.4(b) or Section 2.4(c) of the Restoration Plan. 
  

	1.22	 Match Rate 

 The Participant’s Matchable Deferrals for the Plan Year divided by the Participant’s Matchable Compensation for the Plan Year; provided, however, that in no event shall the Match Rate for the Plan Year exceed 5%. 
  

	1.23	 MFIP 

 The
Columbia Management Group Mutual Fund Incentive Plan adopted by the Corporation, as in effect from time to time. 
  

	1.24	 Participant 

 An Eligible Associate who has elected to participate in the Restoration Plan for a Plan Year, or any other current or former Associate who has an Account balance under the Restoration Plan. 
  

	1.25	 Participating Employer 

  

	 	(a)	 The Corporation; 

  

	 	(b)	 Each other “Participating Employer” under (and as defined in) the 401(k) Plan on the date hereof; 

  

	 	(c)	 Any other incorporated or unincorporated trade or business which may hereafter adopt both the 401(k) Plan and the Restoration Plan. 

 

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 In addition, the Global Human Resources Group, in its sole and exclusive discretion, may
designate certain other entities as “Participating Employers” under the Restoration Plan for such purposes as the Global Human Resources Group may determine from time to time. 
  

	1.26	 Plan Year 

 The 12-month period commencing January 1 and ending the following December 31. 
  

	1.27	 Pre-2005 Account 

 Deferrals, matching contributions or any other contributions that were credited to the Restoration Plan prior to 2005, including any related adjustments for deemed investments in accordance with Section 2.5. 
  

	1.28	 Restoration Plan 

 The Bank of America 401(k) Restoration Plan as in effect from time to time. 
  

	1.29	 Rule of 60 

 At the time of Termination of Employment, a Participant’s having (i) completed at least 10 years of Vesting Service; and (ii) attained a combined age and years of Vesting Service equal to at least 60. 
  

	1.30	 Termination of Employment (or to Terminate Employment) 

 For the purposes of the Restoration Plan, whether a “Termination of Employment” has occurred shall be determined consistent with the requirements of Section 409A of the Code and
the Bank of America 409A Policy. 
  

	1.31	 2005 Account 

  

	 	(a)	 Deferrals, matching contributions or any other contributions that were credited to the Restoration Plan during 2005; plus 

  

	 	(b)	 Any deferral of an Eligible Incentive Award for performance year 2005 credited to the Restoration Plan after 2005; 

 in each case including any related adjustments for deemed investments in accordance with Section 2.5. 
  

	1.32	 Vesting Service 

 “Vesting Service” as defined under the tax-qualified pension plan sponsored by Bank of America in which the Participant participates (namely, either The Bank of America Pension Plan, The Bank of America Pension Plan for Legacy
Fleet, The Bank of America Pension Plan for Legacy MBNA, The Bank of America Pension Plan for Legacy UST or The Bank of America Pension Plan for Legacy LaSalle, as such plans are in effect from time to time). 
  

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 ARTICLE II 
 DEFERRED COMPENSATION PROVISIONS 
  

	2.1	 Eligibility 

  

	 	(a)	 Determination of Eligible Associates: Prior to each Plan Year, or at such other times as the Global Human Resources Group shall determine consistent with
applicable law, the Global Human Resources Group shall determine which Associates shall be Eligible Associates for such Plan Year in accordance with the provisions of this Section. 

  

	 	(b)	 Eligible Associates: An Associate shall be an Eligible Associate with respect to a Plan Year if the Global Human Resources Group determines that the
Associate either: 

  

	 	(i)	 Has an annual rate of Base Salary as of the date of eligibility determination equal to or exceeding the limitation of Section 401(a)(17) of the Code for the
previous Plan Year; or 

  

	 	(ii)	 Had total cash compensation for the one-year period immediately prior to the date of eligibility determination equal to or exceeding the limitation of
Section 401(a)(17) of the Code for the previous Plan Year. 

 A newly hired Associate shall not be an
Eligible Associate unless and until the Associate satisfies the foregoing eligibility requirements for the Plan Year after the Plan Year in which the Associate is hired. 
  

	 	(c)	 Administrative Procedures: The Global Human Resources Group, in its discretion, shall establish the administrative procedures with respect to the
foregoing eligibility determinations, including without limitation the measurement of total cash compensation for any period. Notwithstanding the foregoing, the Global Human Resources Group may, in its discretion, determine that an Associate or
group of Associates who otherwise meet the foregoing requirements are nonetheless ineligible to participate in the Restoration Plan. 

  

	2.2	 Form and Time of Elections 

 Each Eligible Associate for a Plan Year may elect to defer under the Restoration Plan such amounts as provided by this Article II in accordance with the procedures set forth in this Section 2.2. Such deferral
elections shall be made prior to January 1 of the Plan Year. All elections made under this Section 2.2 shall be made in writing on a form, or pursuant to such other non-written procedures, as may be prescribed from time to time by the
Global Human Resources Group and shall be irrevocable for such Plan Year. In addition, if an Eligible Associate elects to defer any Base Salary or Eligible Incentive Awards under the Restoration Plan for a Plan Year, any election by the Eligible
Associate 

  

 7 

 
to defer compensation under the 401(k) Plan shall also be irrevocable for the Plan Year. An election by an Eligible Associate under this Section 2.2
shall continue in effect for all subsequent Plan Years (during which the Eligible Associate remains an Eligible Associate) unless and until changed or terminated by the Eligible Associate in accordance with procedures established from time to time
by the Global Human Resources Group. Any such change in or termination of an election under this Section 2.2 shall be effective as of the January 1 of the next succeeding Plan Year and shall be irrevocable for such Plan Year. If an
Eligible Associate elects to participate in the Restoration Plan for a Plan Year, Terminates Employment during the Plan Year and is subsequently re-hired during the same Plan Year as an Eligible Associate, the election to defer under the Restoration
Plan with respect to such Plan Year that was in effect prior to Termination of Employment shall remain in effect for the Plan Year after the re-hire date. 
  

	2.3	 Deferrals 

  

	 	(a)	 Deferral Accounts: A Participating Employer shall establish and maintain on its books a Deferral Account for each Eligible Associate employed by such
Participating Employer who elects pursuant to Section 2.2 to defer the receipt of any amount under the Restoration Plan. Such Deferral Account shall be designated by the name of the Eligible Associate for whom established. The amount to be
deferred under this Section 2.3 for a payroll period shall be credited to such Deferral Account on, or as soon as administratively practicable after, the payroll date. See Section 2.10 regarding the effect of “catch-up”
contribution elections under the 401(k) Plan. 

  

	 	(b)	 Election to Defer Base Salary: An Eligible Associate for a Plan Year may elect pursuant to Section 2.2 to defer up to 30% of the Eligible
Associate’s Base Salary for the Plan Year; provided, however, that no such deferral shall be made unless and until no additional deferrals may be made to the 401(k) Plan because of the Code Limitations. 

  

	 	(c)	 Election to Defer Eligible Incentive Awards: Each Eligible Associate for a Plan Year may elect pursuant to Section 2.2 to defer up to 90% of any
Eligible Incentive Award otherwise payable to the Eligible Associate for services rendered during the Plan Year (regardless of whether the Eligible Incentive Award is payable during or after the applicable Plan Year). Such deferral shall be made
without regard to the Code Limitations. Any portion of an Eligible Incentive Award not deferred under the Restoration Plan shall be excluded from the Eligible Associate’s compensation under the 401(k) Plan in accordance with, and subject to,
the terms and provisions of the 401(k) Plan (and therefore shall not be included in determining the amount of the Eligible Associate’s pre-tax retirement savings contributions or employer matching contributions under the 401(k) Plan).

  

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	2.4	 Matching and Make-up Contributions 

  

	 	(a)	 Matching Contribution Restoration Account and Make-up Contribution Restoration Account: A Participating Employer shall establish and maintain on its books
a Matching Contribution Restoration Account and/or a Make-up Contribution Restoration Account for each Eligible Associate employed by such Participating Employer who is credited with a matching and/or make-up contribution under this
Section 2.4. Such Matching Contribution Restoration Account and/or Make-up Contribution Restoration Account shall be designated by the name of the Eligible Associate for whom established. 

  

	 	(b)	 Matching Contributions for Restoration Plan Deferrals: Subject to the provisions of Section 2.4(e), if a Participant defers any amount under the
Restoration Plan during a Plan Year in which the Participant is eligible to receive matching contributions under the 401(k) Plan, the Participant shall be eligible to be credited with a matching contribution to the Participant’s Matching
Contribution Restoration Account for the Plan Year. The amount of the matching contribution shall equal Amount A less Amount B (but not less than zero), where: 

  

	 	(i)	 Amount A equals the Participant’s Match Rate for the Plan Year multiplied by the Participant’s Matchable Compensation for the Plan Year; and

  

	 	(ii)	 Amount B equals the aggregate amount of matching contributions allocated to the Participant’s account under the 401(k) Plan for each payroll period
ending during the Plan Year plus the amount of any additional “true-up” match under the 401(k) Plan for the Plan Year. 

 Matching contributions under the Restoration Plan shall be determined and credited as soon as administratively practicable following the end of the applicable Plan Year. 
  

	 	(c)	 Matching Contributions for EIP and MFIP Awards: Under the EIP, a percentage of an eligible Associate’s annual incentive award earned for a
performance period beginning on or after January 1, 2002 is made in the form of an award of restricted stock shares or restricted stock units granted under the Bank of America Corporation 2003 Key Associate Stock Plan (or any successor stock
plan). Similarly, under the MFIP, a percentage of an eligible Associate’s annual incentive award earned for a performance period beginning on or after January 1, 2006 is made in the form of an award of restricted mutual fund units granted
under the MFIP. The remaining portion of the Associate’s annual incentive award is payable in cash. Only the portion of the Associate’s annual incentive award payable in cash is eligible for deferral under the 401(k) Plan or the
Restoration Plan. However, for an Associate covered by the EIP or the MFIP who is eligible to receive matching contributions under the 401(k) Plan at the time when the cash portion of such annual incentive award is payable, the Associate’s

  

 9 

	 	 
Participating Employer shall credit to the Participant’s Matching Contribution Restoration Account an amount equal to 5% of the “Principal
Amount” (as defined in the EIP and the MFIP) with respect to such annual incentive award; provided, however, that in no event shall the combined matching contributions under Section 2.4(b), this Section 2.4(c) and the 401(k)
Plan for the Plan Year exceed $12,500. For purposes of this Section, the EIP Principal Amount for an Associate who is in Band 0 shall be the amount communicated to the Global Human Resources Group by the Corporation’s Executive Compensation
group as the EIP Principal Amount. 

  

	 	(d)	 Make-up Contributions for Certain Legacy U.S. Trust Participants: For a Participant whose deferrals to the Restoration Plan reduce the amount of the
Participant’s account benefit accruals under the Bank of America Pension Plan for Legacy U.S. Trust for a given Plan Year, the Participant’s Participating Employer shall credit to the Participant’s Make-up Contribution Restoration
Account an amount equal to 5% of the amount by which the Participant’s plan-eligible compensation under the Bank of America Pension Plan for Legacy U.S. Trust was reduced because of the Participant’s deferrals to the Restoration Plan.

  

	 	(e)	 Payroll Taxes: The Global Human Resources Group may determine, in its sole and exclusive discretion, to deduct from the amount otherwise to be credited to
the Matching Contribution Restoration Account of a Participant for a Plan Year an amount necessary to pay any related payroll taxes. 

  

	2.5	 Account Adjustments 

  

	 	(a)	 Account Adjustments for Deemed Investments: The Committee shall from time to time designate one or more investment vehicle(s) in which the Accounts of
Participants shall be deemed to be invested. The investment vehicle(s) may be designated by reference to the investments available under other plans sponsored by a Participating Employer (including the 401(k) Plan). Each Participant shall designate
the investment vehicle(s) in which his or her Account shall be deemed to be invested according to the procedures developed by the Global Human Resources Group, except as otherwise required by the terms of the Restoration Plan. No Participating
Employer shall be under an obligation to acquire or invest in any of the deemed investment vehicle(s) under this subparagraph, and any acquisition of or investment in a deemed investment vehicle by a Participating Employer shall be made in the name
of the Participating Employer and shall remain the sole property of the Participating Employer. The Committee shall also establish from time to time a default fund into which a Participant’s Account shall be deemed to be invested if the
Participant fails to provide investment instructions pursuant to this Section 2.5(a). Effective January 1, 2009, such default fund shall be the applicable investment vehicle determined pursuant to the terms of the 401(k) Plan’s
default investment provisions. 

  

 10 

	 	(b)	 Periodic Account Adjustments: Each Account shall be adjusted from time to time at such intervals as determined by the Global Human Resources Group. The
Global Human Resources Group may determine the frequency of account adjustments by reference to the frequency of account adjustments under another plan sponsored by a Participating Employer. The amount of the adjustment shall equal the amount that
each Participant’s Account would have earned (or lost) for the period since the last adjustment had the Account actually been invested in the 401(k) Plan in the deemed investment vehicle(s) designated by the Participant for such period pursuant
to Section 2.5(a). The Global Human Resources Group may establish any limitations on the frequency in which Participants may make investment designations under this Section 2.5 as the Global Human Resources Group may determine necessary or
appropriate from time to time, including limitations related to frequent trading or market timing activities. 

  

	2.6	 Vesting of Accounts 

 All Deferral Accounts and Make-up Contribution Accounts are fully (100%) vested. Because all 401(k) matching contributions are fully (100%) vested as of January 1, 2005, all Matching Contribution
Restoration Accounts shall be fully (100%) vested for any active Associate who participates in the Restoration Plan from and after January 1, 2005. The vesting provisions of the Restoration Plan as in effect prior to January 1, 2005
shall continue to apply to any Associate who Terminated Employment with the Participating Employers prior to January 1, 2005. 
  

	2.7	 Special Payment Elections 

 Each Participant who was in the active service of a Participating Employer on any date during 2005 was given the opportunity during 2005 to make a payment election applicable separately to the Participant’s
(i) Pre-2005 Account and (ii) 2005 Account. The Participant could in each case elect from among the class year payment options set forth in Section 2.8(b), and such election was immediately effective. In the event a Participant
covered by this Section 2.7 failed to make a payment election with respect to either the Participant’s Pre-2005 Account or 2005 Account, as applicable, the payment method shall be (x) the payment method most recently elected by the
Participant under the Restoration Plan according to the records of the Global Human Resources Group, even if that prior payment election had not yet become effective, or (y) in the absence of any such prior payment election, a lump sum payment
following Termination of Employment as set forth in Section 2.8(b). Any subsequent change to such payment election must comply with the requirements of Section 2.8(c). Payments pursuant to such election shall otherwise be subject to the
requirements of Section 2.8, including without limitation the default lump sum payment rules of Section 2.8(d) and the special rules for certain “specified employees” pursuant to Section 2.8(i). 
  

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	2.8	 Distribution Provisions 

  

	 	(a)	 Class Year Payment Elections 

  

	 	(i)	 Class Year Deferrals: A Participant for a Plan Year beginning on or after January 1, 2006 shall elect from among the available forms of payment set
forth in Section 2.8(b) the form of payment that shall apply to the Class Year Deferrals for such Plan Year. The class year payment election shall be made coincident with the deferral elections under Sections 2.3(b) and 2.3(c) for such Plan
Year. 

  

	 	(ii)	 Matching Contributions: As to the Class Year Deferrals comprised of all matching contributions credited after 2005 pursuant to Section 2.4 or any
other amounts credited after 2005 pursuant to Section 2.12 for a Participant, the applicable class year payment election shall be made by the Participant coincident with the first time the Participant makes a deferral election under the
Restoration Plan for any Plan Year beginning on or after January 1, 2006. Notwithstanding any provision of the Restoration Plan to the contrary, except for a withdrawal on account of an unforeseeable emergency pursuant to Section 2.8(h),
such Class Year Deferrals shall not be payable until the Participant has Terminated Employment. 

  

	 	(iii)	 Make-up Contributions: Notwithstanding any provision of the Restoration Plan to the contrary, except for a withdrawal on account of an unforeseeable
emergency pursuant to Section 2.8(h), the Class Year Deferrals comprised of all make-up contributions credited pursuant to Section 2.4(d) for a Participant shall be payable as a lump sum payment following Termination of Employment as set
forth in Section 2.8(b) unless the Participant changes the time of such payment pursuant to Section 2.8(c). In no event shall a Participant be able to change the form of such payment. 

  

	 	(b)	 Available Forms of Payment: A Participant shall select from among the following forms of payment for each set of Class Year Deferrals. The Participant
must select a single form of payment applicable to each set of Class Year Deferrals (i.e., a set of Class Year Deferrals may not be “split” among more than one form of payment): 

  

	 	(i)	 Lump Sum Payment Following Termination of Employment: The balance of the applicable Class Year Deferrals shall be payable following the Participant’s
Termination of Employment in a single cash payment. 

  

	 	(ii)	 Lump Sum Payment In Specified Year: The balance of the applicable Class Year Deferrals shall be payable in the calendar year elected by the Participant,
not to exceed the calendar year in which the Participant attains age 75, in a single cash payment. 

  

	 	(iii)	 Lump Sum Payment Upon Later of Termination of Employment or Specified Year: The balance of the applicable Class Year Deferrals shall 

  

 12 

	 	 
be payable upon the later of the Participant’s Termination of Employment or the calendar year elected by the Participant, not to exceed the calendar
year in which the Participant attains age 75, in a single cash payment. 

  

	 	(iv)	 Annual Installments Following Termination of Employment: The balance of the applicable Class Year Deferrals shall be payable following the
Participant’s Termination of Employment in annual installment payments over a period of years selected by the Participant not to exceed ten (10). 

  

	 	(v)	 Annual Installments Commencing In Specified Year: The balance of the applicable Class Year Deferrals shall be payable commencing in the calendar year
elected by the Participant, not to exceed the calendar year in which the Participant attains age 75, in annual installment payments over a period of years selected by the Participant not to exceed ten (10). 

  

	 	(vi)	 Annual Installments Commencing Upon Later of Termination of Employment or Specified Year: The balance of the applicable Class Year Deferrals shall be
payable commencing upon the later of the Participant’s Termination of Employment or the calendar year elected by the Participant, not to exceed the calendar year in which the Participant attains age 75, in annual installment payments over a
period of years selected by the Participant not to exceed ten (10). 

 A Participant who fails to make a
class year payment election for a set of Class Year Deferrals in accordance with the provisions of this Section 2.8(b) shall be deemed to have elected for such set of Class Year Deferrals a lump sum payment following Termination of Employment.

  

	 	(c)	 Subsequent Changes to Payment Elections: A Participant may change the time or form of payment elected under Section 2.8(b), or the time or form of
payment subsequently elected under this Section 2.8(c), with respect to a set of Class Year Deferrals only if (i) such election is made at least 12 months prior to January 1 of the Plan Year in which the payment of the Class Year
Deferrals would have otherwise commenced and (ii) the effect of such election is to defer commencement of such payments by at least 5 years. 

  

	 	(d)	 Default Lump Sum Payment: Notwithstanding any provision herein to the contrary, a Participant’s entire Account balance shall be payable in a single
cash payment following the Participant’s Termination of Employment if either (i) as of the last business day immediately preceding the next payment date following the end of the Plan Year in which the Termination of Employment occurs, the
amount of the Participant’s Account balance equals $50,000 or less or (ii) as of the Participant’s date of Termination of Employment, the Participant had less than 60 months of vesting service under the 401(k) Plan.

  

 13 

	 	(e)	 Timing of Lump Sum Payments: 

  

	 	(i)	 Lump Sum Payment Following Termination of Employment: Class Year Deferrals payable as a lump following a Participant’s Termination of Employment
shall be paid in a single cash payment to the Participant within ninety (90) days following the end of the Plan Year in which the Termination of Employment occurs; provided, however, that if the Global Human Resources Group is not notified of a
Participant’s Termination of Employment until after the end of the Plan Year in which such Termination of Employment occurs, then payment shall be made by the end of the Plan Year following the Plan Year of Termination of Employment. The Class
Year Deferrals shall continue to be credited with adjustments under Section 2.5 as follows: 

  

	 	(A)	 if the Participant Terminated Employment having satisfied the Rule of 60, the Participant shall continue to be eligible to elect from among the available deemed
investment vehicles pursuant to Section 2.5 through the last business day immediately preceding the payment date; and 

  

	 	(B)	 for any other Participant, the Participant shall continue to be eligible to elect from among the available deemed investment vehicles pursuant to
Section 2.5 through the end of the Plan Year in which the Participant Terminates Employment (or, if applicable, through the end of a subsequent calendar year as determined by the Global Human Resources Group if the Global Human Resources Group
is not notified of a Participant’s Termination of Employment until after the end of the Plan Year in which such Termination of Employment occurs), and thereafter through the last business day immediately preceding the payment date the Class
Year Deferrals shall be deemed invested in the Stable Value Fund. 

  

	 	(ii)	 Lump Sum Payment In Specified Year: For any Class Year Deferrals payable as a lump sum in a specified year elected by a Participant, the Participant shall
be paid during the first ninety (90) days of the applicable Plan Year of payment elected by the Participant a single cash payment in an amount equal to the balance of the Class Year Deferrals as of the last business day immediately preceding
the payment date. If the Plan Year of payment is after the date of the Participant’s Termination of Employment, then: 

  

	 	(A)	 if the Participant Terminated Employment having satisfied the Rule of 60, the Participant shall continue to be eligible to elect from among the available deemed
investment vehicles pursuant to Section 2.5 through the last business day immediately preceding the payment date; and 

  

 14 

	 	(B)	 for any other Participant, the Participant shall continue to be eligible to elect from among the available deemed investment vehicles pursuant to
Section 2.5 through the end of the Plan Year in which the Participant Terminates Employment (or, if applicable, through the end of a subsequent calendar year as determined by the Global Human Resources Group if the Global Human Resources Group
is not notified of a Participant’s Termination of Employment until after the end of the Plan Year in which such Termination of Employment occurs), and thereafter through the last business day immediately preceding the payment date the Class
Year Deferrals shall be deemed invested in Stable Value Fund. 

  

	 	(f)	 Timing of Annual Installments: 

  

	 	(i)	 Annual Installments Following Termination of Employment: For any Class Year Deferrals payable as annual installments following Termination of Employment,
the first installment shall be paid within ninety (90) days following the end of the Plan Year in which the Participant Terminates Employment with the Participating Employers; provided, however, that if the Global Human Resources Group
is not notified of a Participant’s Termination of Employment until after the Plan Year in which the Termination of Employment occurs, then the first installment shall be paid by the end of the Plan Year following the Plan Year of Termination of
Employment. Each subsequent installment shall be paid within ninety (90) days following the end of each subsequent Plan Year during the selected payment period. The amount of each installment payment shall equal the balance of the Class Year
Deferrals as of the last business day immediately preceding the applicable payment date divided by the number of remaining installments (including the installment then payable). For a Participant who Terminates Employment with the Participating
Employers having satisfied the Rule of 60, the Participant shall continue to be eligible to elect from among the available deemed investment vehicles pursuant to Section 2.5 through the last business day immediately preceding the final payment.
For any other Participant, the Participant shall continue to be eligible to elect from among the available deemed investment vehicles pursuant to Section 2.5 through the end of the Plan Year in which the Participant Terminates Employment (or,
if applicable, through the end of a subsequent calendar year as determined by the Global Human Resources Group if the Global Human Resources Group is not notified of a Participant’s Termination of Employment until after the end of the Plan Year
in which such Termination of Employment occurs), and thereafter until the last business day immediately preceding the final payment the Class Year Deferrals shall be deemed invested in the Stable Value Fund. 

  

 15 

	 	(ii)	 Annual Installments Commencing In Specified Year: For any Class Year Deferrals payable as annual installments commencing in a specified year elected by a
Participant, the first annual installment shall be payable during the first ninety (90) days of the applicable Plan Year of commencement elected by the Participant. Each subsequent installment shall be paid within ninety (90) days
following the end of each subsequent Plan Year during the selected payment period. The amount of each installment payment shall equal the balance of the Class Year Deferrals as of last business day immediately preceding the applicable payment date
divided by the number of remaining installments (including the installment then payable). If the Participant Terminates Employment with the Participating Employers before or during the installment payment period, then: 

 

	 	(A)	 if the Participant Terminated Employment having satisfied the Rule of 60, the Participant shall continue to be eligible to elect from among the available deemed
investment vehicles pursuant to Section 2.5 through the last business day immediately preceding the final payment; and 

  

	 	(B)	 for any other Participant, the Participant shall continue to be eligible to elect from among the available deemed investment vehicles pursuant to
Section 2.5 through the end of the Plan Year in which the Participant Terminates Employment (or, if applicable, through the end of a subsequent calendar year as determined by the Global Human Resources Group if the Global Human Resources Group
is not notified of a Participant’s Termination of Employment until after the end of the Plan Year in which such Termination of Employment occurs), and thereafter until the last business day immediately preceding the final payment the Class Year
Deferrals shall be deemed invested in the Stable Value Fund. 

  

	 	(g)	 Death of a Participant: If a Participant dies before having been paid the entire balance of the Participant’s Account (including a Participant
receiving installment payments), the remaining unpaid balance of the Account shall be payable to the Participant’s Beneficiary in a single cash payment within ninety (90) days following the end of the Plan Year in which the Participant
dies; provided, however, that if the Global Human Resources Group is not notified of a Participant’s death until more than ninety (90) days after the end of the Plan Year in which such death occurs, then payment shall be made within ninety
(90) days after the end of the Plan Year in which such notice of death is received by the Global Human Resources Group. The Account shall be deemed invested in the Stable Value Fund from the date notice of death is received by the Global Human
Resources Group until the last business day immediately preceding the final payment of the Account. 

  

 16 

	 	(h)	 Withdrawals on Account of an Unforeseeable Emergency: A Participant may, in the Global Human Resources Group’s sole discretion, receive a refund of
all or any part of the amounts previously credited to the Participant’s Accounts in the case of an “unforeseeable emergency.” A Participant requesting a payment pursuant to this Section shall have the burden of proof of establishing,
to the Global Human Resources Group’s satisfaction, the existence of such “unforeseeable emergency,” and the amount of the payment needed to satisfy the same. In that regard, the Participant shall provide the Global Human Resources
Group with such financial data and information as the Global Human Resources Group may request. If the Global Human Resources Group determines that a payment should be made to a Participant under this Section, such payment shall be made within a
reasonable time after the Global Human Resources Group’s determination of the existence of such “unforeseeable emergency” and the amount of payment so needed. The Global Human Resources Group may in its discretion establish the order
in which amounts shall be withdrawn under this Section from a Participant’s Accounts. As used herein, the term “unforeseeable emergency” means a severe financial hardship to a Participant resulting from a sudden and unexpected illness
or accident of the Participant or of a dependent of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the
Participant. The circumstances that shall constitute an “unforeseeable emergency” shall depend upon the facts of each case, but, in any case, payment may not be made to the extent that such hardship is or may be relieved (i) through
reimbursement or compensation by insurance or otherwise, or (ii) by liquidation of the Participant’s assets, to the extent the liquidation of such assets would not itself cause severe financial hardship. Examples of what are not considered
to be “unforeseeable emergencies” include the need to send a Participant’s child to college or the purchase of a home. Withdrawals of amounts because of an “unforeseeable emergency” shall not exceed an amount reasonably
needed to satisfy the emergency need. The Global Human Resources Group shall also permit an “unforeseeable emergency” request to be made under this subsection (h) by a Participant’s Beneficiary following the Participant’s
death. 

  

	 	(i)	 Special Provisions for “Specified Employees”: Notwithstanding any provision in the Restoration Plan to the contrary, to the extent applicable,
in no event shall any payment hereunder be made to a “specified employee” within the meaning of Section 409A of the Code and the Bank of America 409A Policy earlier than 6 months after the date of the Participant’s Termination of
Employment, except in connection with the Participant’s death. 

  

 17 

	2.9	 General Payment Provisions 

  

	 	(a)	 Payments for Participants Who Terminated Employment Prior to 2005: Payments to any Participant who Terminated Employment prior to 2005 shall be made in
accordance with the provisions of the Restoration Plan as in effect prior to 2005. 

  

	 	(b)	 Other Payment Provisions: To be effective, any elections under Sections 2.7 or 2.8 shall be made on such form, at such time and pursuant to such
procedures as determined by the Global Human Resources Group in its sole discretion from time to time. Any deferral or payment hereunder shall be subject to applicable payroll and withholding taxes. In the event any amount becomes payable under the
provisions of the Restoration Plan to a Participant, Beneficiary or other person who is a minor or an incompetent, whether or not declared incompetent by a court, such amount may be paid directly to the minor or incompetent person or to such
person’s fiduciary (or attorney-in-fact in the case of an incompetent) as the Global Human Resources Group, in its sole discretion, may decide, and the Global Human Resources Group shall not be liable to any person for any such decision or any
payment pursuant thereto. 

  

	2.10	 Catch-Up Contributions 

 Certain Eligible Associates may become eligible under the 401(k) Plan to make “catch-up” contributions (within the meaning of Section 414(v) of the Code). Any such catch-up contributions made to the
401(k) Plan shall not in any manner affect the determination of the amount of deferrals to the Restoration Plan under Section 2.3. Instead, such catch-up contributions shall be in addition to the aggregate combined deferrals elected to the
401(k) Plan and Restoration Plan hereunder. 
  

	2.11	 Special Provisions Related to Completion Incentives 

 For an Eligible Associate who receives a Completion Incentive in a Plan Year which relates to one or more prior Plan Years, the following provisions shall apply: 
  

	 	(a)	 The Global Human Resources Group, upon consultation with the appropriate business unit, shall allocate the Completion Incentive among the applicable Plan Years
for which it was deemed earned. 

  

	 	(b)	 Any deferral under Section 2.3 shall be determined separately with respect to the Restoration Plan deferral election (if any) in effect for each Plan Year
for which the Completion Incentive was deemed earned. The applicable Restoration Plan deferral election in effect for each such Plan Year shall be applied against the portion of the Completion Incentive allocated to such Plan Year under subparagraph
(a). Any such portion of the Completion Incentive deferred under the Restoration Plan with respect to a Plan Year shall be part of the Class Year Deferrals for that Plan Year. 

  

 18 

	 	(c)	 Each deferral to the Restoration Plan with respect to the Completion Incentive determined under subparagraph (b) shall be eligible for a matching
contribution under the Restoration Plan in accordance with, and subject to, the provisions of Section 2.4. Such matching contributions shall be determined separately with respect to each Plan Year for which the Completion Incentive was deemed
earned. 

  

	 	(d)	 Although the Completion Incentive may relate to one or more prior Plan Years, the related deferrals and matching contributions to be made under subparagraphs
(b) and (c) shall be credited in an administratively reasonable time following notification to the Global Human Resources Group of the Completion Incentive having been paid without any adjustment for earnings. 

 

	2.12	 Other Contributions 

 The Participating Employers may from time to time, in their sole and exclusive discretion, elect to credit a Participant’s Account with additional amounts not otherwise contemplated by this Article II.

  

 19 

 ARTICLE III 
 PLAN ADMINISTRATION 
  

	3.1	 Committee 

 The Restoration Plan shall be administered by the “committee” under (and as defined in) the 401(k) Plan (although certain provisions of the Restoration Plan shall be administered by the Global Human Resources Group as specified
herein). The Committee shall have full discretionary authority to interpret the provisions of the Plan, and decide all questions and settle all disputes which may arise in connection with the Plan, and may establish its own operative and
administrative rules and procedures in connection therewith, provided such procedures are consistent with the requirements of Section 503 of ERISA. All interpretations, decisions and determinations made by the Committee will be binding on
all persons concerned. No member of the Committee who is a Participant in the Restoration Plan may vote or otherwise participate in any decision or act with respect to a matter relating solely to such member (or to such member’s
Beneficiaries). Not in limitation, but in amplification, of the foregoing provisions of this Section, the Committee has the duty and power to modify or supplement any Plan accounting method, practice or procedure, make any adjustments to accounts or
modify or supplement any other aspect of the operation or administration of the Plan in such manner and to such extent consistent with and permitted by the Code that the Committee deems necessary or appropriate to correct errors and mistakes, to
effect proper and equitable account adjustments or otherwise to ensure the proper and appropriate administration and operation of the Plan. 
  

 20 

 ARTICLE IV 
 AMENDMENT AND TERMINATION 
  

	4.1	 Amendment and Termination 

 The Corporation shall have the right and power at any time and from time to time to amend the Restoration Plan in whole or in part, on behalf of all Participating Employers, and at any time to terminate the
Restoration Plan or any Participating Employer’s participation hereunder; provided, however, that no such amendment or termination shall reduce the amount actually credited to the Account(s) of any Participant (or beneficiary of a deceased
Participant) on the date of such amendment or termination, or further defer the due dates for the payment of such amounts, without the consent of the affected person. To the extent permitted by Section 409A of the Code, in connection with any
termination of the Restoration Plan the Corporation shall have the authority to cause the Accounts of all Participants (and beneficiary of any deceased Participants) to be paid in a single sum payment as of a date determined by the Corporation or to
otherwise accelerate the payment of all Accounts in such manner as the Corporation shall determine in its discretion. 
  

 21 

 ARTICLE V 
 MISCELLANEOUS PROVISIONS 
  

	5.1	 Nature of Plan and Rights 

 The Restoration Plan is unfunded and intended to constitute an incentive and deferred compensation plan for a select group of officers and key management employees of the Participating Employers. If necessary to
preserve the above intended plan status, the Committee, in its sole discretion, reserves the right to limit or reduce the number of actual Participants and otherwise to take any remedial or curative action that the Committee deems necessary or
advisable. The Accounts established and maintained under the Restoration Plan by a Participating Employer are for accounting purposes only and shall not be deemed or construed to create a trust fund of any kind or to grant a property interest of any
kind to any Associate, designated beneficiary or estate. The amounts credited by a Participating Employer to such Accounts are and for all purposes shall continue to be a part of the general assets of such Participating Employer, and to the extent
that an Associate, beneficiary or estate acquires a right to receive payments from such Participating Employer pursuant to the Restoration Plan, such right shall be no greater than the right of any unsecured general creditor of such Participating
Employer. 
  

	5.2	 Spendthrift Provision 

 A Participant’s or Beneficiary’s rights and interests under the Plan may not be assigned or transferred by the Participant or Beneficiary. In that regard, no part of any amounts credited or payable hereunder
shall, prior to actual payment, (i) be subject to seizure, attachment, garnishment or sequestration for the payment of debts, judgments, alimony or separate maintenance owed by the Participant or any other person, (ii) be transferable by
operation of law in the event of the Participant’s or any person’s bankruptcy or insolvency or (iii) be transferable to a spouse as a result of a property settlement or otherwise. Notwithstanding the foregoing, the Participating
Employers shall have the right to offset from a Participant’s unpaid benefits under the Restoration Plan any amounts due and owing from the Participant to the extent permitted by law. 
  

	5.3	 Limitation of Rights 

 Neither the establishment of the Restoration Plan, nor any amendment thereof, nor the payment of any benefits will be construed as giving any individual any legal or equitable right against the Company, any
Participating Employer, or the Committee. In no event will the Plan be deemed to constitute a contract between any Employee and the Company, a Participating Employer, or the Committee. The Plan shall not be deemed to be consideration for, or an
inducement for, the performance of services by an employee of a Participating Employer. 
  

 22 

	5.4	 Adoption by Other Participating Employers 

 The Restoration Plan may be adopted by any Participating Employer participating under the 401(k) Plan, such adoption to be effective as of the date specified by such Participating Employer at the time of adoption.

  

	5.5	 Governing Law 

 The Restoration Plan shall be construed, administered and governed in accordance with the laws of the State of North Carolina, except to the extent such laws are preempted by federal law. 
  

	5.6	 Merged Plans 

  

	 	(a)	 Merger of Plans: From time to time the Participating Employers may cause other nonqualified plans to be merged into the Restoration Plan. Schedule 5.6
attached hereto sets forth the names of the plans that merged into the Restoration Plan by January 1, 2009 and their respective merger dates. Schedule 5.6 shall be updated from time to time to reflect mergers after January 1, 2009.

  

	 	(b)	 Effect of Merger of Plans: Upon such a merger, the account balance(s) immediately prior to the date of merger of each participant in the merged plan shall
be transferred and credited as of the merger date to one or more accounts established under the Restoration Plan for such participant, including without limitation a predecessor company Account as determined by the Global Human Resources Group. From
and after the merger date, the participant’s rights shall be determined under the Restoration Plan, and the participant shall be subject to all of the restrictions, limitations and other terms and provisions of the Restoration Plan. Not in
limitation of the foregoing, each Restoration Plan Account established for the participant as a result of the merger shall be periodically adjusted when and as provided in Section 2.5 hereof as in effect from time to time and shall be paid at
such time and in such manner as provided in Section 2.7 and Section 2.8 hereof, except to the extent otherwise provided on Schedule 5.6. The Global Human Resources Group shall, in its discretion, establish any procedures it deems necessary
or advisable in order to administer any such plan mergers, including without limitation procedures for transitioning from the method of account adjustments under the prior plan to the methods provided for under the Restoration Plan. The Global Human
Resources Group may also establish any special distribution or other rules with respect to such balances, which such special rules shall be specified on Schedule 5.6. 

  

	5.7	 Status Under ERISA 

 The Restoration Plan is maintained for purposes of providing deferred compensation for a select group of management or highly compensated employees. In addition, to the extent that the Restoration Plan makes up benefits limited under the
401(k) Plan as a result of Section 415 of the Code, the Restoration Plan shall be considered an “excess benefit plan” within the meaning of ERISA. 
  

 23 

	5.8	 Compliance With Section 409A Of The Code 

 The Restoration Plan is intended to comply with Section 409A of the Code. Notwithstanding any provision of the Restoration Plan to the contrary, the Restoration Plan shall be interpreted,
operated and administered in a manner consistent with this intent. 
  

	5.9	 Severability 

 If any provision of the Restoration Plan is held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions shall continue to be fully effective. 
  

	5.10	 Headings and Subheadings 

 Headings and subheadings are inserted for convenience only and are not to be considered in the construction of the provisions of the Restoration Plan. 
  

	5.11	 Social Security Tax 

 Subject to the requirements of Section 3121(v)(2) of the Code, the Committee has the full discretion and authority to determine when Federal Insurance Contribution Act (“FICA”) taxes on a
Participant’s Restoration Plan benefit or account are paid and whether any portion of such FICA taxes shall be withheld from the Participant’s wages or deducted from the participant’s benefit or account. 
  

	5.12	 Claims Procedure 

 Any claim for benefits under the Restoration Plan by a Participant or Beneficiary shall be made in accordance with the claims procedures set forth in the 401(k) Plan. 
  

	5.13	 Limited Effect Of Restatement 

 Notwithstanding anything to the contrary contained in the Restoration Plan, to the extent permitted by ERISA and the Code, this instrument shall not affect the availability, amount, form or method of payment of
benefits being paid before the effective date hereof to any Participant or former Participant (or a Beneficiary of either) in the Restoration Plan who is not an active participant on or after the effective date hereof, said availability, amount,
form or method of payment of benefits, if any, to be determined in accordance with the applicable provisions of the Restoration Plan as in effect prior to the effective date hereof. 
  

 24 

	5.14	 Binding Effect 

 The Restoration Plan (including any and all amendments thereto) shall be binding upon the Participating Employers, their respective successors and assigns, and upon the Participants and their Beneficiaries and their respective heirs,
executors, administrators, personal representatives and all other persons claiming by, under or through any of them. 
 IN
WITNESS WHEREOF, this instrument has been executed by the Corporation on the 24th day of November, 2008 and effective as of January 1, 2009. 
  

			
	 BANK OF AMERICA CORPORATION

		
	 By:
	 	   /s/ Mark S. Behnke

		 	 Mark S. Behnke, Global Compensation,
 Benefits and Shared Services Executive

  

 25 

 SCHEDULE 5.6 
 MERGED PLANS AS OF JANUARY 1, 2009 
  

			
	 Plan Name
	  	Date of Merger
		
	C&S Policy Committee Supplemental Savings Plan	  	December 31, 2002
		
	C&S Key Executive Supplemental Savings Plan	  	December 31, 2002
		
	C&S/Sovran Supplemental Retirement Plan for Former Sovran Executives (Thrift Restoration Benefits)	  	December 31, 2002
		
	First & Merchants Corporation Deferred Management Incentive Compensation Plan	  	March 31, 1993
		
	Sovran Deferred Compensation Plan	  	March 31, 1993
		
	NationsBank of Texas, N.A. Profit Sharing Restoration Plan	  	March 31, 1993
		
	Thrift Plan Reserve Account Maintained Under the NationsBank Corporation and Designated Subsidiaries Supplemental Executive Retirement Plan	  	March 31, 1993
		
	Bank South Executive Bonus Deferral Plan	  	July 1, 1996
		
	Boatmen’s Bancshares, Inc. Executive Deferred Compensation Plan	  	December 31, 1997
		
	Fourth Financial Corporation Executive Deferred Compensation Plan	  	December 31, 1997
		
	NationsBank Corporation Key Employee Deferral Plan	  	April 1, 1998
		
	Deferred compensation components of the NationsBank Corporation Executive Incentive Compensation Plan	  	April 1, 1998
		
	Management Excess Savings Plan of Barnett Banks, Inc. and its Affiliates	  	December 31, 1998
		
	BankAmerica Deferred Compensation Plan	  	June 30, 2000
		
	BankAmerica Supplemental Retirement Plan	  	June 30, 2000
		
	 ABN AMRO Group Supplemental Savings Plan
	  	April 1, 2008

 Special Rules Applicable to Former Participants of and Balances Merged from the ABN AMRO Group
Supplemental Savings Plan (“SSP”): 
 (a)    Special Payment Elections: Each
Participant with an account balance(s) merged from the ABN AMRO Group Supplemental Savings Plan (“SSP Account Balance(s)”) who was in the active service of a Participating Employer on April 1, 2008 was given the opportunity during
2008 to make a payment election applicable to the Participant’s SSP Account Balance(s). The Participant could elect from among the class year payment options set forth in Section 2.8(b), and such election was immediately effective.
Notwithstanding the foregoing, such payment election was not applicable to any amounts otherwise payable in 2008 and did not cause any amounts to be paid in 2008 that would not otherwise be payable in such year. In the event a Participant covered by
this Schedule 5.6(a) failed to make a payment election with respect to the Participant’s SSP Account Balance(s), the payment method shall be a lump sum payment following Termination of Employment as set forth in Section 2.8(b). Any
subsequent change to such payment election must comply with the requirements of Section 2.8(c). Payments pursuant to such election shall otherwise be subject to the requirements of Section 2.8, including the default lump sum payment rules
of Section 2.8(d) and the special rules for certain “specified employees” pursuant to Section 2.8(i). Notwithstanding the foregoing sentence, no default lump sum payment was made pursuant to Section 2.8(d) if such payment
would have caused any amounts to be paid in 2008 that would not otherwise have been payable in such year. 
 (b)    Payment Rule Applicable to Terminated SSP Participants The SSP Account Balance(s) of each Participant who was not in the active service of a Participating Employer on April 1, 2008 shall be paid to the
Participant at the time and in the form applicable to the Participant’s account balance(s) under the SSP on March 31, 2008. Each such Participant shall not have the opportunity to make any subsequent change to the payment election
applicable to the Participant’s SSP Account Balance(s) under the SSP on March 31, 2008 as provided in Section 2.8(c). In all other respects, each such Participant’s rights shall be determined under the Restoration Plan, and each
such Participant shall be subject to all of the restrictions, limitations and other terms and provisions of the Restoration Plan, including the special rules for certain “specified employees” pursuant to Section 2.8(i), but excluding
the default lump sum payment rules of Section 2.8(d). 
 (c)    Ongoing Restoration Plan
Participation: No former participant in the SSP shall be eligible to otherwise participate in the Restoration Plan unless such participant becomes eligible to participate in the Restoration Plan under Section 2.1.Retirement Income Assurance Plan for Legacy Fleet

 Exhibit 10(p) 
 RETIREMENT INCOME ASSURANCE PLAN FOR LEGACY FLEET 
 (AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009)

 RETIREMENT INCOME ASSURANCE PLAN
FOR LEGACY FLEET 
 (AS AMENDED AND
RESTATED EFFECTIVE JANUARY 1, 2009) 
 TABLE OF
CONTENTS 
  

					
	 	  	 	  	 PAGE

		
	 ARTICLE I DEFINITIONS
	  	2
			
		  	 1.1      Basic Plan
	  	2
			
		  	 1.2      Beneficiary
	  	2
			
		  	 1.3      Benefit Commencement Date
	  	2
			
		  	 1.4      Cash Balance Participant
	  	2
			
		  	 1.5      Code
	  	2
			
		  	 1.6      Committee
	  	2
			
		  	 1.7      Company
	  	2
			
		  	 1.8      Delink Calculation Date
	  	3
			
		  	 1.9      Global Human Resources Group
	  	3
			
		  	 1.10    Participant
	  	3
			
		  	 1.11    Participating Employer
	  	3
			
		  	 1.12    Plan
	  	3
			
		  	 1.13    Plan Year
	  	3
			
		  	 1.14    Post-2004 Benefit
	  	3
			
		  	 1.15    Post-2004 Cash Balance Benefit
	  	3
			
		  	 1.16    Post-2004 Traditional Benefit
	  	3
			
		  	 1.17    Pre-2005 Benefit
	  	4
			
		  	 1.18    Pre-2005 Cash Balance Benefit
	  	4
			
		  	 1.19    Pre-2005 Traditional Benefit
	  	4
			
		  	 1.20    Termination of Employment
	  	4
			
		  	 1.21    Traditional Participant
	  	4
			
		  	 1.22    Vesting Service
	  	4
		
	 ARTICLE II SOURCE OF BENEFIT PAYMENTS
	  	5
			
		  	 2.1      Obligation of Company
	  	5

  

 i 

					
		  	 2.2      No Funding Required
	  	5
			
		  	 2.3      No Claim to Specific Benefits
	  	5
		
	 ARTICLE III BENEFITS
	  	6
			
		  	 3.1      Pre-2005 Traditional Benefit
	  	6
			
		  	 3.2      Post-2004 Traditional Benefit
	  	6
			
		  	 3.3      Pre-2005 Cash Balance Benefit
	  	7
			
		  	 3.4      Post-2004 Cash Balance Benefit
	  	8
			
		  	 3.5      Payment of Pre-2005 Benefits to Participants
	  	9
			
		  	 3.6      Payment of Post-2004 Benefits to Participants with a Post-2004 Benefit on August 28,
2006
	  	10
			
		  	 3.7      Payment of Post-2004 Benefits to New Participants after August 28, 2006
	  	12
			
		  	 3.8      General Payment Provisions for Post-2004 Benefits
	  	12
			
		  	 3.9      Vesting
	  	13
			
		  	 3.10    Other Payment Provisions
	  	13
		
	 ARTICLE IV ADMINISTRATION
	  	14
			
		  	 4.1      Committee
	  	14
		
	 ARTICLE V AMENDMENT OR TERMINATION OF PLAN
	  	15
			
		  	 5.1      Amendment and Termination
	  	15
		
	 ARTICLE VI MISCELLANEOUS
	  	16
			
		  	 6.1      Assignment or Alienation
	  	16
			
		  	 6.2      Limitation of Rights
	  	17
			
		  	 6.3      Receipt and Release
	  	17
			
		  	 6.4      Governing Law
	  	17
			
		  	 6.5      Status Under ERISA
	  	17
			
		  	 6.6      Compliance with Section 409A of the Code
	  	17
			
		  	 6.7      Severability
	  	17
			
		  	 6.8      Headings and Subheadings
	  	18
			
		  	 6.9      Nonduplication of Benefits
	  	18
			
		  	 6.10    Social Security Tax
	  	18
			
		  	 6.11    Claims Procedure
	  	18
			
		  	 6.12    Payment for Benefit of Incapacitated Individual
	  	18

  

 ii 

					
		 	 6.13    Limited Effect of Restatement
	  	 18

			
		 	 6.14    Binding Effect
	  	 19

  

 iii 

 RETIREMENT INCOME ASSURANCE PLAN
FOR LEGACY FLEET 
 (AS AMENDED AND
RESTATED EFFECTIVE JANUARY 1, 2009) 
 THIS INSTRUMENT OF AMENDMENT AND
RESTATEMENT is executed by BANK OF AMERICA CORPORATION, a Delaware corporation (the “Corporation”); 
 Statement of Purpose 

 The Corporation sponsors the Retirement Income Assurance Plan for Legacy Fleet (the “Plan”). The purpose of the
Plan is to provide benefits, on a non-qualified and unfunded basis, to certain associates whose benefits under The Bank of America Pension Plan for Legacy Fleet are adversely affected by the limitations of Sections 401(a)(17) and 415 of the Internal
Revenue Code, as well as any other limitations that may be placed on highly compensated participants under such plans. 
 The
Corporation is amending and restating the Plan effective January 1, 2009 as set forth herein to (i) reflect certain design changes to the Plan, (ii) provide for the Plan’s documentary compliance with the requirements of
Section 409A of the Code and (iii) otherwise meet current needs. 
 NOW, THEREFORE, for the purposes aforesaid, the
Corporation hereby amends and restates the Plan effective January 1, 2009 to consist of the following Articles I through VII: 

 ARTICLE I 
 DEFINITIONS 
 Unless defined herein, any word, phrase or term used in the Plan shall
have the meaning given to it in the Basic Plan. However, the following terms have the following meanings unless a different meaning is clearly required by the context: 
  

	1.1	 Basic Plan 

 The Bank of America Pension Plan for Legacy Fleet, as amended and in effect from time to time. 
  

	1.2	 Beneficiary 

 The “beneficiary” of a Participant under the Basic Plan unless the Participant elects a different Beneficiary for purposes of the Plan in accordance with such procedures as the Global Human Resources Group may establish from time
to time. If there is no Beneficiary election in effect under the Basic Plan or the Plan at the time of a Participant’s death, or if the designated Beneficiary fails to survive the Participant, then the Beneficiary shall be the
Participant’s surviving spouse, or if there is no surviving spouse, the Participant’s estate. 
  

	1.3	 Benefit Commencement Date 

 The date that a Participant’s Pre-2005 Benefit and/or Post-2004 Benefit, as applicable, is paid or begins to be paid. 
  

	1.4	 Cash Balance Participant 

 A Participant who is a Cash Balance Participant under the Basic Plan and whose benefits under the Basic Plan are limited by Section 415 or 401(a)(17) of the Code. 
  

	1.5	 Code 

 The
Internal Revenue Code of 1986, as amended. References to the Code shall include the valid and binding governmental regulations, court decisions and other regulatory and judicial authority issued or rendered thereunder. 
  

	1.6	 Committee 

 The Bank of America Corporate Benefits Committee. 
  

	1.7	 Company 

 Bank of America Corporation, a Delaware corporation, and any successor thereto. 
  

 2 

	1.8	 Delink Calculation Date 

 The date determined by the Global Human Resources Group that is no more than 75 days after the Participant’s Termination of Employment. 
  

	1.9	 Global Human Resources Group 

 The Global Human Resources Group of the Company. 
  

	1.10	 Participant 

 (a)      A Cash Balance Participant; and 
 (b)      A
Traditional Participant. 
  

	1.11	 Participating Employer 

 The Company, each subsidiary or affiliate that adopts and participates in the Plan and each successor corporation that continues the Plan. 
  

	1.12	 Plan 

 The
Retirement Income Assurance Plan for Legacy Fleet as in effect from time to time. 
  

	1.13	 Plan Year 

 The 12-month period commencing January 1 and ending the following December 31. 
  

	1.14	 Post-2004 Benefit 

 (a)      For a Cash Balance Participant, the Post-2004 Cash Balance Benefit; and 
 (b)      For a Traditional Participant, the Post-2004 Traditional Benefit. 
  

	1.15	 Post-2004 Cash Balance Benefit 

 The benefit payable under the Plan to a Cash Balance Participant (or the Cash Balance Participant’s Beneficiary) with respect to amounts that become earned or vested after December 31, 2004, determined as of
the Cash Balance Participant’s Benefit Commencement Date in accordance with Section 3.4. 
  

	1.16	 Post-2004 Traditional Benefit 

 The benefit payable under the Plan to a Traditional Participant (or the Traditional Participant’s Beneficiary) with respect to amounts that become earned or vested after December 31, 2004, determined as of
the Traditional Participant’s Benefit Commencement Date in accordance with Section 3.2. 
  

 3 

	1.17	 Pre-2005 Benefit 

 (a)      For a Cash Balance Participant, the Pre-2005 Cash Balance Benefit; and 
 (b)      For a Traditional Participant, the Pre-2005 Traditional Benefit. 
  

	1.18	 Pre-2005 Cash Balance Benefit 

 The benefit payable under the Plan to a Cash Balance Participant (or the Cash Balance Participant’s Beneficiary) with respect to amounts earned and vested as of December 31, 2004, determined as of the Cash
Balance Participant’s Benefit Commencement Date in accordance with Section 3.3. 
  

	1.19	 Pre-2005 Traditional Benefit 

 The benefit payable under the Plan to a Traditional Participant (or the Traditional Participant’s Beneficiary) with respect to amounts earned and vested as of December 31, 2004, determined as of the
Traditional Participant’s Benefit Commencement Date in accordance with Section 3.1. 
  

	1.20	 Termination of Employment 

 For purposes of the Plan whether a “Termination of Employment” has occurred shall be determined consistent with the requirements of Section 409A of the Code and the Bank of America 409A Policy to the
extent applicable. 
  

	1.21	 Traditional Participant 

 A Participant who is a Traditional Participant under the Basic Plan and whose benefits under the Basic Plan are limited by Section 415 or 401(a)(17) of the Code. 
  

	1.22	 Vesting Service 

 Vesting Service as defined under the Basic Plan. 
  

 4 

 ARTICLE II 
 SOURCE OF BENEFIT PAYMENTS 
  

	2.1	 Obligation of Company 

 The Company will establish on its books a liability with respect to its obligation for benefits payable under the Plan to Participants (and their Beneficiaries). Each Participant and Beneficiary will be an unsecured
general creditor of the Company with respect to all benefits payable under the Plan. 
  

	2.2	 No Funding Required 

 Nothing in the Plan will be construed to obligate the Company to fund the Plan. However, the Company may but shall not be required to establish a trust of which the Company is treated as the owner under Subpart E of
Subchapter J, Chapter 1 of the Code (a “grantor trust”) and may deposit funds with the trustee of the trust sufficient to satisfy the benefits provided under the Plan. If the Company establishes such a grantor trust and, if at the time of
a “change of control” as defined in the trust, the trust has not been fully funded, the Company shall, within the time and manner specified under such trust, deposit in such trust amounts sufficient to satisfy all obligations under the
Plan as of the date of deposit. In all events the Company shall remain ultimately liable for the benefits payable under the Plan, and, to the extent the assets at the disposal of the trustee are insufficient to enable the trustee to satisfy all
benefits, the Company shall pay all such benefits necessary to meet its obligations under the Plan. 
  

	2.3	 No Claim to Specific Benefits 

 Nothing in the Plan will be construed to give any individual rights to any specific assets of the Company, or any other person or entity. 
  

 5 

 ARTICLE III 
 BENEFITS 
  

	3.1	 Pre-2005 Traditional Benefit 

  

	 	(a)	 Amount of Pre-2005 Traditional Benefit:    The amount of the Pre-2005 Traditional Benefit payable under the Plan to a Traditional
Participant (or to the Traditional Participant’s Beneficiary, in the event of the Traditional Participant’s death) is the Traditional Participant’s accrued benefit as of December 31, 2004 determined in accordance with subsection
(b) of this Section, valued as a single life annuity at the Traditional Participant’s Benefit Commencement Date using Basic Plan assumptions in effect at the Traditional Participant’s Delink Calculation Date.

  

	 	(b)	 Traditional Participant’s Accrued Benefit as of December 31, 2004:    A Traditional Participant’s accrued benefit as of
December 31, 2004 is equal to Amount A minus Amount B, assuming benefits commence on January 1, 2005 as a single life annuity and based on the Traditional Participant’s Vesting Service through December 31, 2004 and age as of
January 1, 2005, where: 

  

	 	(i)	 Amount A is the amount of the accrued benefit the Traditional Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of
December 31, 2004 if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank of America 401(k) Restoration Plan; provided, however, that if the limits of
Section 1.14(iv) of the Basic Plan apply to the Traditional Participant, such deferrals will be taken into account under this Section only to the extent the deferrals, when added to the commissions, non-discretionary incentive pay and actual
base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.14(iv) of the Basic Plan, and the limitations of Sections 401(a)(17) and 415 of the Code (and the provisions of the Basic Plan
applying those limitations) did not exist; and 

  

	 	(ii)	 Amount B is the amount of the accrued benefit payable to the Traditional Participant (or Beneficiary) under the Basic Plan as of December 31, 2004.

  

	3.2	 Post-2004 Traditional Benefit 

  

	 	(a)	 Amount of Post-2004 Traditional Benefit:    The amount of the Post-2004 Traditional Benefit payable under the Plan to a Traditional
Participant (or to the Traditional Participant’s Beneficiary, in the event of the Traditional Participant’s death) is the difference between (i) the lump sum value of the total accrued benefit payable to the Traditional Participant at
the Traditional Participant’s Delink Calculation Date determined in accordance with subsection (b) of this 

  

 6 

	 	 
Section and (ii) the lump sum value of the Traditional Participant’s accrued benefit as of December 31, 2004 (determined in accordance with
Section 3.1(b)) as of the first day of the month on or after the Traditional Participant’s Delink Calculation Date using the Basic Plan assumptions in effect on the first day of the month on or after the Traditional Participant’s
Delink Calculation Date (but not less than zero). The Post-2004 Traditional Benefit is valued as of the Traditional Participant’s Benefit Commencement Date using Basic Plan assumptions. 

  

	 	(b)	 Lump Sum Value of Total Accrued Benefit:    The lump sum value of the total accrued benefit payable under the Plan to a Traditional
Participant (or to the Traditional Participant’s Beneficiary, in the event of the Traditional Participant’s death) at the Traditional Participant’s Delink Calculation Date is equal to Amount A minus Amount B, assuming that benefits
commence as of the first day of the month on or after the Traditional Participant’s Delink Calculation Date as a single life annuity and based on the Traditional Participant’s Vesting Service and age as of the Traditional
Participant’s Delink Calculation Date, valued as a lump sum using the Basic Plan assumptions in effect on the first day of the month on or after the Traditional Participant’s Delink Calculation Date where: 

  

	 	(i)	 Amount A is the amount of the accrued benefit the Traditional Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of
the first day of the month on or after the Traditional Participant’s Delink Calculation Date if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank of
America 401(k) Restoration Plan; provided, however, that if the limits of Section 1.14(iv) of the Basic Plan apply to the Traditional Participant, such deferrals will be taken into account under this Section 3.2(b) only to the extent the
deferrals, when added to the commissions, non-discretionary incentive pay and actual base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.14(iv) of the Basic Plan, and the limitations
of Sections 401(a)(17) and 415 of the Code (and the provisions of the Basic Plan applying those limitations) did not exist; and 

  

	 	(ii)	 Amount B is the amount of the accrued benefit payable to the Traditional Participant (or Beneficiary) under the Basic Plan as of the first day of the
month on or after the Traditional Participant’s Delink Calculation Date. 

  

	3.3	 Pre-2005 Cash Balance Benefit 

  

	 	(a)	 Amount of Pre-2005 Cash Balance Benefit:    The amount of the Pre-2005 Cash Balance Benefit payable under the Plan to a Cash Balance
Participant (or to the Cash Balance Participant’s Beneficiary, in the event of the Cash Balance Participant’s death) is the Cash Balance Participant’s account balance as of December 31, 2004 determined in accordance with
subsection (b) of this Section, increased with interest credits from December 31, 2004 to the Benefit Commencement Date using the Basic Plan’s interest crediting rates. 

  

 7 

	 	(b)	 Pre-2005 Account Balance at December 31, 2004:    The Cash Balance Participant’s pre-2005 account balance at
December 31, 2004 is determined as Amount A minus Amount B, based on the Basic Plan assumptions and the Cash Balance Participant’s Vesting Service and age as of December 31, 2004 where: 

  

	 	(i)	 Amount A is the amount of the benefit the Cash Balance Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of
December 31, 2004 (expressed as a lump sum if not otherwise a lump sum) if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank of America 401(k)
Restoration Plan; provided, however, that if the limits of Section 1.14(iv) of the Basic Plan apply to the Cash Balance Participant, such deferrals will be taken into account under this Section only to the extent the deferrals, when added to
the commissions, non-discretionary incentive pay and actual base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.14(iv) of the Basic Plan, and “earnings” under the Basic
Plan were not limited by Section 401(a)(17) of the Code, and the limitations of Section 415 of the Code (and provisions of the Basic Plan applying those limitations) did not exist; and 

  

	 	(ii)	 Amount B is the amount of the benefit payable to the Cash Balance Participant (or Beneficiary) under the Basic Plan as of December 31, 2004
(expressed as a lump sum if not otherwise a lump sum). 

  

	3.4	 Post-2004 Cash Balance Benefit 

  

	 	(a)	 Amount of Post-2004 Cash Balance Benefit:    The amount of the Post-2004 Cash Balance Benefit payable under the Plan to a Cash Balance
Participant (or to the Cash Balance Participant’s Beneficiary, in the event of the Cash Balance Participant’s death) is the difference between (i) the Cash Balance Participant’s total account balance at the Cash Balance
Participant’s Delink Calculation Date determined in accordance with subsection (b) of this Section and (ii) the Cash Balance Participant’s pre-2005 account balance at December 31, 2004 (determined in accordance with
Section 3.3(b)), increased with interest from December 31, 2004 to the Delink Calculation Date (but not less than zero). The Post-2004 Cash Balance Benefit is increased with interest credits from the Cash Balance Participant’s Delink
Calculation Date to the last business day immediately preceding complete distribution of the Post-2004 Cash Balance Benefit using the Basic Plan’s interest crediting rates. 

  

	 	(b)	 Total Account Balance at Delink Calculation Date:    The total account balance at Delink Calculation Date is determined as Amount A
minus Amount B, based on the Basic Plan assumptions and the Cash Balance Participant’s Vesting Service and age as of the Delink Calculation Date where: 

  

 8 

	 	(i)	 Amount A is the amount of the benefit the Cash Balance Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of the
Cash Balance Participant’s Delink Calculation Date (expressed as a lump sum if not otherwise a lump sum) if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the
Bank of America 401(k) Restoration Plan; provided, however, that if the limits of Section 1.14(iv) of the Basic Plan apply to the Cash Balance Participant, such deferrals will be taken into account under this subsection only to the extent the
deferrals, when added to the commissions, non-discretionary incentive pay and actual base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.14(iv) of the Basic Plan, and
“earnings” under the Basic Plan were not limited by Section 401(a)(17) of the Code but were limited to an annual maximum of $250,000, and the limitations of Section 415 of the Code (and provisions of the Basic Plan applying those
limitations) did not exist; and 

  

	 	(ii)	 Amount B is the benefit payable to the Cash Balance Participant (or Beneficiary) under the Basic Plan as of the Cash Balance Participant’s Delink
Calculation Date (expressed as a lump sum if not otherwise a lump sum). 

 Notwithstanding anything in
this subsection to the contrary, if a Cash Balance Participant experiences a Termination of Employment during the Plan Year and is rehired within the same Plan Year, such Cash Balance Participant’s “earnings” for the Plan Year may
exceed $250,000 only to the extent necessary to allow such Cash Balance Participant to reach the Section 401(a)(17) of the Code limit in the Basic Plan. 
  

	3.5	 Payment of Pre-2005 Benefits to Participants 

  

	 	(a)	 Payment of Pre-2005 Traditional Benefits to Traditional Participants: The Pre-2005 Traditional Benefit payable under the Plan to or in respect of a
Traditional Participant shall be paid in the same form, commence at the same time, and be paid under the same terms and conditions as the benefits paid to the Traditional Participant under the Basic Plan. Such Traditional Participant’s benefit
payment election under the Basic Plan shall be treated as the Traditional Participant’s benefit payment election under the Plan with respect to Pre-2005 Traditional Benefit. 

  

	 	(b)	 Payment of Pre-2005 Cash Balance Benefits to Cash Balance Participants: 

  

	 	(i)	 A Cash Balance Participant shall separately elect the form and timing of the Cash Balance Participant’s Pre-2005 Cash Balance Benefit under the Plan and
benefits under the Basic Plan. Such election under the Plan, or change in any prior election, shall be made on a form approved by the Global Human Resources Group. An election under this subsection is not 

  

 9 

	 	 
treated as effective unless filed with the Global Human Resources Group at least one year before the Cash Balance Participant’s Termination of
Employment, except that a Cash Balance Participant may file an election, which will be treated as effective, before the Cash Balance Participant’s Termination of Employment if (A) the election substitutes one form of annuity distribution
for another form of annuity distribution that had been timely elected and (B) such later-elected form is the form of distribution that the Cash Balance Participant elects under the Basic Plan. 

  

	 	(ii)	 A Cash Balance Participant who does not have a valid, timely election in effect for the Pre-2005 Cash Balance Benefit on the day before such Cash Balance
Participant’s Termination of Employment shall have the Pre-2005 Cash Balance Benefit promptly paid out in a lump sum following Termination of Employment. 

  

	 	(iii)	 Notwithstanding the foregoing provisions of this Section, if the value of a Cash Balance Participant’s Pre-2005 Cash Balance Benefit under the Plan at the
time of Termination of Employment is $10,000 or less, the Cash Balance Participant’s Pre-2005 Cash Balance Benefit shall be paid out in a lump sum as soon as administratively practicable following Termination of Employment.

  

	 	(c)	 Death Benefits: In the event of the death of the Participant, Pre-2005 Benefits under the Plan will become payable to the Participant’s Beneficiary,
under the same terms and conditions specified in the Basic Plan. 

  

	3.6	 Payment of Post-2004 Benefits to Participants with a Post-2004 Benefit on August 28, 2006 

  

	 	(a)	 2006 One-Time Payment Election:    Subject to the provisions of Section 3.8, each Participant with a Post-2004 Benefit on
August 28, 2006 had an opportunity during 2006 to make a one-time payment election applicable to such Participant’s Post-2004 Benefit. Each such Participant was able to elect from among the available payment methods set forth in subsection
(b) of this Section, and such election was effective as of January 1, 2007. Absent such a payment election, the Participant’s Post-2004 Benefit will be paid in a single lump sum during the first 90 days of the calendar year following
the Participant’s Termination of Employment unless the Participant subsequently changes the payment election as provided in subsection (c) of this Section. 

  

	 	(b)	 Available Payment Methods:    Subject to the provisions of Section 3.8, effective January 1, 2007, for the payment of
Post-2004 Benefits, a Participant’s vested Post-2004 Benefit shall be paid in a single lump sum during the first 90 days of the calendar year following the Participant’s Termination of Employment unless the Participant elects to receive
payment of such Participant’s vested Post-2004 Benefit in one of the following forms: 

  

 10 

	 	(i)	 Lump Sum Payment in Specified Year:    A single lump sum during the first 90 days of the later of (A) the calendar year following
the Participant’s Termination of Employment and (B) the calendar year elected by the Participant (but no later than the calendar year in which the Participant reaches age 75). 

  

	 	(ii)	 Annual Installments Commencing following Termination of Employment:    Annual installment payments over a period of years elected by
the Participant not to exceed 10 commencing during the first 90 days of the calendar year following the Participant’s Termination of Employment. 

  

	 	(iii)	 Annual Installments Commencing in Specified Year:    Annual installment payments over a period of years elected by the Participant not
to exceed 10 commencing during the first 90 days of the later of (A) the calendar year following the Participant’s Termination of Employment and (B) the calendar year elected by the Participant (but not later than the calendar year in
which the Participant reaches age 75). 

  

	 	(c)	 Subsequent Changes to Payment Elections:    A Participant may change the timing or form of payment applicable under subsection
(b) of this Section, or the timing or form of payment subsequently elected under this subsection, with respect to the Post-2004 Benefit only if (i) such election is made at least 12 months prior to January 1 of the Plan Year in which
the payment of the vested Post-2004 Benefit would have otherwise been made or commenced and (ii) the effect of such election is to defer such payment by at least 5 years; provided, however, that no election to change the timing or form of
payment may be made if the date the payment of the vested Post-2004 Benefit would have otherwise been made or commenced is less than 5 years from the calendar year in which the Participant would have attained age 75. In the event that a
Participant’s election made pursuant to this subsection does not comply with the requirements of this subsection, such election shall be void and the timing and form of payment in effect at the time of such voided election governs.

  

	 	(d)	 Timing and Amount of Annual Installments:    Subject to the provisions of Section 3.8, for a vested Post-2004 Benefit payable as
annual installments under subsection (b)(ii) or (b)(iii) of this Section, the first installment shall be paid during the first 90 days of the calendar year following the Participant’s Termination of Employment or the calendar year elected by
the Participant, as applicable, and each subsequent installment shall be paid during the first 90 days of each subsequent calendar year during the elected payment period. The amount of each installment payment shall equal the Post-2004 Benefit as of
the last business day immediately preceding the applicable payment date divided by the number of remaining installments (including the installment then payable). 

  

 11 

	3.7	 Payment of Post-2004 Benefits to New Participants after August 28, 2006 

  

	 	(a)	 Timing and Form of Payment:    Subject to the provisions of subsection (b) of this Section and Section 3.8, the vested
Post-2004 Benefit of a Participant who first becomes a Participant after August 28, 2006 shall be payable during the first 90 days of the calendar year following the Plan Year in which the Participant’s Termination of Employment occurs in
a single lump sum payment. 

  

	 	(b)	 Subsequent Changes to Timing of Payment:    A Participant may change the timing (but not the form) of payment provided under
subsection (a) of this Section, or the timing (but not the form) of payment subsequently elected under this subsection, with respect to the Post-2004 Benefit only if (i) such election is made at least 12 months prior to [Confirm this is
consistent with administration: January 1 of the Plan Year in which the payment of the Post-2004 Benefit would have otherwise been made] and (ii) the effect of such election is to defer such payment by at least 5 years;
provided, however, that no election to change the timing of payment may be made if the date the payment of the Post-2004 Benefit would have otherwise commenced is less than 5 years from the calendar year in which the Participant would have attained
age 75. In the event that a Participant’s election made pursuant to this subsection does not comply with the requirements of this subsection, such election shall be void and the timing of payment in effect at the time of such voided
election governs. 

  

	3.8	 General Payment Provisions for Post-2004 Benefits 

  

	 	(a)	 Payments of Post-2004 Benefits to Participants Who Terminate Employment Prior to January 1, 2007: 

  

	 	(i)	 Traditional Participants:    Payments of the Post-2004 Traditional Benefit to any Traditional Participant whose Termination of
Employment occurs prior to January 1, 2007 and who has an Annuity Starting Date under the Basic Plan prior to January 1, 2007 shall be made in accordance with the provisions of Section 3.5(a) of the Plan at the same time and in the
same form as if such Post-2004 Traditional Benefit were a Pre-2005 Traditional Benefit. 

  

	 	(ii)	 Cash Balance Participants:    Payments of the Post-2004 Cash Balance Benefit to any Cash Balance Participant whose Termination of
Employment occurs prior to January 1, 2007 shall be made in accordance with the provisions of Section 3.5(b) at the same time and in the same form as if such Post-2004 Cash Balance Benefit were a Pre-2005 Cash Balance Benefit.

  

	 	(b)	 Automatic Lump Sum Payment for Cash Balance Participants:    Notwithstanding any provision in the Plan to the contrary, but subject to
the provisions of subsection (d) of this Section, if applicable, a Cash Balance Participant’s Post-2004 Benefit shall be payable in a single cash payment during 

  

 12 

	 	 
the first 90 days of the calendar year following the Participant’s Termination of Employment if the sum of the Pre-2005 Cash Balance Benefit and the
Post-2004 Cash Balance Benefit determined at the Delink Calculation Date is $10,000 or less, or the Participant is vested but has less than 5 years of Vesting Service. 

  

	 	(c)	 Death of a Participant:    If a Participant dies before having been paid the Participant’s entire Post-2004 Benefit (including a
Participant receiving installment payments), the remaining unpaid balance of the Post-2004 Benefit shall be payable to the Participant’s Beneficiary in a single cash payment within 90 days following the end of the Plan Year in which the
Participant dies; provided, however, that if the Global Human Resources Group is not provided with sufficient advance notice of the Participant’s death to pay the Post-2004 Benefit within 90 days following the Plan Year in which the Participant
dies, then payment shall be made within 90 days after the end of the Plan Year in which such notice of death is received by the Global Human Resources Group. 

  

	 	(d)	 Special Provisions for “Specified Employees”:    Notwithstanding any provision in the Plan to the contrary, to the extent
applicable, in no event shall any payment hereunder be made to a “specified employee” within the meaning of Section 409A of the Code earlier than 6 months after the date of the Participant’s Termination of Employment, except in
connection with the Participant’s death. If a specified employee’s Termination of Employment occurs before July 1 of a Plan Year, the earliest date that the specified employee’s Post-2004 Benefit shall be paid is during the first
90 days of the calendar year following the Participant’s Termination of Employment. If a specified employee’s Termination of Employment occurs on or after July 1 in a calendar year, the earliest date that the specified employee’s
Post-2004 Benefit shall be paid is during the first 90 days of the second calendar year following the Participant’s Termination of Employment. 

  

	3.9	 Vesting 

 If a Participant or Beneficiary is not entitled to receive a benefit under the Basic Plan because the benefit is not vested, the Participant or Beneficiary shall also not be entitled to receive benefits under the Plan. 
  

	3.10	 Other Payment Provisions 

 To be effective, any elections under this Article shall be made on such form, at such time and pursuant to such procedures as determined by the Global Human Resources Group in its sole discretion from time to time.

  

 13 

 ARTICLE IV 
 ADMINISTRATION 
  

	4.1	 Committee 

 The Plan shall be administered by the Committee (although certain provisions of the Plan shall be administered by the Global Human Resources Group as specified herein). The Committee shall have full discretionary authority to interpret the
provisions of the Plan, and decide all questions and settle all disputes which may arise in connection with the Plan, and may establish its own operative and administrative rules and procedures in connection therewith, provided such procedures are
consistent with the requirements of Section 503 of ERISA. All interpretations, decisions and determinations made by the Committee will be binding on all persons concerned. No member of the Committee who is a Participant in the Plan may vote or
otherwise participate in any decision or act with respect to a matter relating solely to such member (or to such member’s Beneficiaries). Not in limitation, but in amplification, of the foregoing provisions of this Section, the Committee has
the duty and power to modify or supplement any Plan accounting method, practice or procedure, make any adjustments to accounts or modify or supplement any other aspect of the operation or administration of the Plan in such manner and to such extent
consistent with and permitted by the Code that the Committee deems necessary or appropriate to correct errors and mistakes, to effect proper and equitable account adjustments or otherwise to ensure the proper and appropriate administration and
operation of the Plan. 
  

 14 

 ARTICLE V 
 AMENDMENT OR TERMINATION OF PLAN 
  

	5.1	 Amendment and Termination 

 The Plan may be amended or terminated in writing by the Committee or the Company in any manner at any time. Notwithstanding the previous sentence, no such amendment or termination shall reduce the amount of a
Participant’s benefit or the Participant’s distribution rights related thereto as determined under the provisions of the Plan in effect immediately prior to such amendment or termination, and this second sentence of this Article is
irrevocable and may not be amended. 
  

 15 

 ARTICLE VI 
 MISCELLANEOUS 
  

	6.1	 Assignment or Alienation 

  

	 	(a)	 Except as provided in subsection (b) of this Section or as otherwise required by applicable law, the interest hereunder of any Participant or Beneficiary
shall not be alienable by the Participant or Beneficiary by assignment or any other method and will not be subject to be taken by the Participant’s or Beneficiary’s creditors by any process whatsoever, and any attempt to cause such
interest to be so subjected shall not be recognized. 

  

	 	(b)	 All or a portion of a Participant’s benefit under the Plan may be paid to another person as specified in a “Qualified Domestic Relations Order.”
For this purpose, a “Qualified Domestic Relations Order” means a judgment, decree, or order (including the approval of a settlement agreement) which is: 

  

	 	(i)	 issued pursuant to a State’s domestic relations law; 

  

	 	(ii)	 relates to the provision of child support, alimony payments or marital property rights to a spouse, former spouse, child or other dependent of the Participant;

  

	 	(iii)	 creates or recognizes the right of a spouse, former spouse, child or other dependent of the Participant to receive all or a portion of the Participant’s
benefits under the Plan; 

  

	 	(iv)	 provides for payment in an immediate lump sum as soon as practicable after the Committee determines that a Qualified Domestic Relations Order exists; and

  

	 	(v)	 meets such other requirements established by the Committee. 

  

	 	(c)	 The Committee shall determine whether any document received by it is a Qualified Domestic Relations Order. In making this determination, the Committee may
consider: 

  

	 	(i)	 the rules applicable to “domestic relations orders” under Section 414(p) of the Code and Section 206(d) of ERISA;

  

	 	(ii)	 the procedures used under the Basic Plan to determine the qualified status of domestic relations orders; and 

  

	 	(iii)	 such other rules and procedures as it deems relevant. 

  

 16 

	6.2	 Limitation of Rights 

 Neither the establishment of the Plan, nor any amendment thereof, nor the payment of any benefits will be construed as giving any individual any legal or equitable right against the Company, any Participating
Employer, or the Committee. In no event will the Plan be deemed to constitute a contract between any Employee and the Company, a Participating Employer, or the Committee. The Plan shall not be deemed to be consideration for, or an inducement for,
the performance of services by any employee of a Participating Employer. 
  

	6.3	 Receipt and Release 

 Any payment under the Plan to any Participant or Beneficiary, or to any individual as described in Section 6.12 shall be in satisfaction of all claims with respect to benefits under the Plan against the Company,
any Participating Employer, and the Committee. 
  

	6.4	 Governing Law 

 The Plan will be construed, administered, and governed in accordance with the laws of the State of North Carolina, except to the extent such laws are preempted by federal law. 
  

	6.5	 Status Under ERISA 

 The Plan is maintained for purposes of providing deferred compensation for a select group of management or highly compensated employees. In addition, to the extent that the Plan makes up benefits limited under the Basic Plan as a result of
Section 415 of the Code, the Plan shall be considered an “excess benefit plan” within the meaning of ERISA. 
  

	6.6	 Compliance with Section 409A of the Code 

 The Plan is intended to comply with Section 409A of the Code, with respect to amounts earned or vested under the Plan after 2004. Further, the Plan is intended to be operated and
administered in a manner (a) that will not constitute a “material modification” of the Plan for purposes of the effective date provisions of Section 409A of the Code or (b) that would otherwise cause amounts earned and
vested prior to 2005 to become subject to the requirements of Section 409A of the Code. Notwithstanding any provision of the Plan to the contrary, the Plan shall be interpreted, operated and administered in a manner consistent with this intent.

  

	6.7	 Severability 

 If any provision of the Plan is held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions shall continue to be fully effective. 
  

 17 

	6.8	 Headings and Subheadings 

 Headings and subheadings are inserted for convenience only and are not to be considered in the construction of the provisions of the Plan. 
  

	6.9	 Nonduplication of Benefits 

 The benefits payable to a Participant under this Plan shall be reduced on an Actuarial Equivalent basis by the benefit such Participant earned under any other similar nonqualified excess defined benefit plan that does
not provide for a reduction of benefits under such plan, for benefits payable under this Plan, to the extent that the benefits under such plan were accrued upon the Participant’s service that was included as credited service under this Plan.

  

	6.10	 Social Security Tax 

 Subject to the requirements of Section 3121(v)(2) of the Code, the Committee has the full discretion and authority to determine when Federal Insurance Contribution Act (“FICA”) taxes on a
Participant’s Plan benefit or account are paid and whether any portion of such FICA taxes shall be withheld from the Participant’s wages or deducted from the Participant’s benefit or account. 
  

	6.11	 Claims Procedure 

 Any claim for benefits under the Plan by a Participant or Beneficiary shall be made in accordance with the claims procedures set forth in the Basic Plan. 
  

	6.12	 Payment for Benefit of Incapacitated Individual 

 In the event any amount becomes payable under the provisions of the Plan to a Participant, Beneficiary, or other person who is a minor or an incompetent, whether or not declared incompetent by a
court, such amount may be paid directly to the minor or incompetent person or to such person’s fiduciary (or attorney-in-fact in the case of an incompetent) as the Global Human Resources Group, in its sole discretion, may decide, and the Global
Human Resources Group shall not be liable to any person for any such decision or any payment pursuant thereto. 
  

	6.13	 Limited Effect of Restatement 

 Notwithstanding anything to the contrary contained in the Plan, to the extent permitted by ERISA and the Code, this instrument shall not affect the availability, amount, form or method of payment of benefits being
paid before the effective date hereof to any Participant for former Participant (or a Beneficiary of either) in the Plan who is not an active Participant on or after the effective date hereof, said availability, amount, form or method of payment of
benefits, if any, to be determined in accordance with the applicable provisions of the Plan as in effect prior to the effective date hereof. 
  

 18 

	6.14	 Binding Effect 

 The Plan (including any and all amendments thereto) shall be binding upon the Participating Employers, their respective successors and assigns, and upon the Participants and their Beneficiaries and their respective heirs, executors,
administrators, personal representatives and all other persons claiming by, under or through any of them. 
 IN WITNESS
WHEREOF, Bank of America Corporation has caused the Plan to be executed by its duly authorized officer this 24th day of November, 2008. 
  

			
	 BANK OF AMERICA CORPORATION

		
	 By:
	 	  /s/ Mark S. Behnke
	
	Mark S. Behnke, Global Compensation, Benefits
	and Shared Services Executive

  

 19 

 APPENDIX A 
 SPECIAL RULES FOR SERVICE WITH ACQUIRED ENTITIES 
 This Appendix A is part of
the Plan and contains special rules applicable only to the Participants described herein. If provisions of this Appendix A conflict with any other provisions of the Plan with respect to such Participants, the provisions of this Appendix A shall
govern. 
  

	A.	 Shawmut National Corporation 

  

	 	1.	 The Shawmut National Corporation Excess Benefit Plan (“Shawmut Excess Plan”) merged into the Plan effective as of January 1, 1997. As of that
date, the liabilities of the Shawmut Excess Plan became the liabilities of the Plan and the Shawmut Excess Plan ceased to exist. Notwithstanding anything in the Plan to the contrary, the benefit under the Plan of a Participant who was a former
participant in the Shawmut Excess Plan shall not be less than the benefit such Participant would be deemed to have accrued under the terms of the Shawmut Excess Plan as of the date this Appendix A was adopted. 

  

	 	2.	 Each individual who was a participant in the Shawmut Excess Plan or the Shawmut National Corporation Executive Supplemental Retirement Plan (“Shawmut
SERP”) immediately prior to the date as of which Shawmut National Corporation merged with Fleet Financial Group, Inc. (predecessor to the Company), and who became an employee of the Company or a subsidiary or affiliate as of said merger date,
became a Participant in the Plan as of January 1, 1997. This Section A of Appendix A applies solely to former participants in the Shawmut Excess Plan or Shawmut SERP (“Shawmut Participants”). 

  

	 	3.	 The benefits of Shawmut Participants shall be determined by taking into account the principles and provisions of Specification Schedule J of the Basic Plan. For
Traditional Participants, this includes adjustment of their December 31, 1996 benefit, transferred from the Shawmut Excess Plan, for increases in Average Annual Compensation after 1996. 

  

	 	4.	 As of January 1, 1997, the following Cash Balance Participants shall have the following opening amounts credited to their Cash Balance Accounts under the
Plan, which represents the total value of their benefits under the Shawmut Excess Plan as of December 31, 1996, reduced by the deemed Shawmut Excess Plan offset described in Section 5, where applicable, expressed as a single sum:

  

 Appendix A-1 

					
	  
 NAME

	  	  
 PERSON NUMBER
	 	  
 OPENING CASH
 BALANCE

 

	  
 CLAFFEE, JAMES
  
	  	 Not Available
  
	 	 $  2,418.50
  

	  
 DELFINO, PAUL
  
	  	 Not Available
  
	 	 $  6,747.34
  

	  
 EYLES, DAVID
  
	  	 Not Available
  
	 	 $17,775.70
  

	  
 FALK, MICHAEL
  
	  	 Not Available
  
	 	 $  1,509.82
  

	  
 HEDGES JR., ROBERT
  
	  	 Not Available
  
	 	 $  3,074.22
  

	  
 HUSTON, JOHN
  
	  	 Not Available
  
	 	 $  7,843.30
  

	  
 MALLON, WILLIAM
  
	  	 Not Available
  
	 	 $  4,567.26
  

  

	 	5.	 Because participants in the Shawmut SERP were not also participants in the Shawmut Excess Plan, their benefit under the Plan, which is calculated by taking into
account their service with Shawmut, shall be reduced by the following amounts, or the Actuarial Equivalent thereof, which are the benefits that they would have accrued under the Shawmut Excess Plan as of December 31, 1996, with Credited Service
frozen as of December 1, 1995, if they had been participants in the Shawmut Excess Plan: 

  

					
	NAME	 	PERSON NUMBER	 	  
 EXCESS PLAN OFFSET
 OF MONTHLY
NORMAL
 RETIREMENT BENEFIT
  

	  
 BERGER, JOHN
  
	 	 Not Available
  
	 	 $   382.62
  

	  
 BROMAGE, WILLIAM
  
	 	 Not Available
  
	 	 $   364.00
  

	  
 KRAUS, EILEEN
  
	 	 Not Available
  
	 	 $2,294.25
  

	  
 OVERSTROM, GUNNAR
  
	 	 Not Available
  
	 	 $8,170.96
  

	  
 ROTTNER, SUSAN
  
	 	 23510624
  
	 	 $   565.74
  

  

	B.	 Liberty Wanger Asset Management 

 No employee who was employed with Liberty Wanger Asset Management, L.P. at the time of the acquisition by Fleet National Bank (predecessor to the Company) of the asset management business of Liberty Financial
Companies, Inc., shall be a Participant in the Plan at any time prior to January 1, 2005. 
  

	C.	 Progress Investment Management Company, Inc. 

 Notwithstanding anything in the Plan to the contrary, Marx Cazenave, a former employee of Progress Investment Management Company, Inc., shall not be a Participant in the Plan, and neither
Mr. Cazenave nor any Beneficiary of his shall be entitled to a benefit under the Plan. 
  

 Appendix A-2 

	D.	 Fleet Capital Corporation 

  

	 	1.	 Merger: 

 The Fleet Capital Corporation Retirement Restoration Plan (“Fleet Capital Restoration Plan”) shall merge into the Plan effective as of January 1, 2006. As of that date, the liabilities of the Fleet Capital Restoration Plan
shall become the liabilities of the Plan and the Fleet Capital Restoration Plan shall cease to exist. 
  

	 	2.	 Eligibility: 

 This Section D of Appendix A shall apply solely to employees who had been participants in the Fleet Capital Restoration Plan (“Fleet Capital Participants”), determined as follows: 
  

	 	(a)	 Subject to the provisions of subsections (b) and (c) of this Section 2, the Committee shall in its sole discretion determine which Participants of
the Retirement Plan of Fleet Capital Corporation shall be entitled to participate in the Plan. Such Participants shall be memorialized in a Schedule of Plan Participants, which Schedule may from time to time be modified by the Committee, and which
Schedule is set forth in Section 8 of this Section D. 

  

	 	(b)	 Any Plan Participant who is not included in the Schedule of Participants described in subsection (a) of this Section, but who has accrued a benefit under
the Fleet Capital Restoration Plan as of February 28, 1997, shall cease to accrue further benefits under the Fleet Capital Restoration Plan as of March 1, 1997, but shall continue to be a Participant with respect to benefits accrued prior
to such date until the earlier of the date such Participant ceases to be entitled to benefits under the terms of the Plan, or the date such Participant receives payment from a Participating Employer with respect to all amounts accrued to him under
the terms of the Plan. 

  

	 	(c)	 In no event shall a Participant or Beneficiary who is not entitled to benefits under Specification Schedule M of the Basic Plan become entitled to benefits under
the Plan. 

  

	 	(d)	 Any Plan Participant who is not included in the Schedule of Participants described in subsection (a) of this Section 2, but who has accrued a benefit
under the Fleet Capital Restoration Plan as of June 30, 1997 shall cease to accrue further benefits under the Fleet Capital Restoration Plan as of June 30, 1997, but shall continue to be a Participant with respect to benefits accrued prior
to such date until the 

  

 Appendix A-3 

	 	 
earlier of the date such Participant ceases to be entitled to benefits under the terms of the Plan, or the date such Participant receives payment from a
Participating Employer with respect to all amounts accrued to him under the terms of the Plan. 

  

	 	3.	 Amount Of Benefit: 

 Notwithstanding Article IV, the benefits of Fleet Capital Participants shall be determined as follows: 
  

	 	(a)	 The benefit which a Participating Employer shall provide to a Fleet Capital Participant who is eligible to participate as a Class I Participant pursuant to the
provisions of the Schedule of Participants as revised effective June 1, 1998, or the Participant’s Beneficiary(ies) under the Plan shall equal the benefit determined under subsection (c) of this Section 3, provided that if such
Participant’s employment with the Participating Employers is for any reason involuntarily terminated by the Participating Employers, such Participant shall for purposes of this Section 3 be credited with additional Years of Service equal
in number to the additional Years of Service he would have earned under the terms of Specification Schedule M of the Basic Plan had he continued in the employ of the Participating Employers through his Normal Retirement Date. Such additional Years
of Service shall be credited as of his date of termination of employement. 

  

	 	(b)	 The benefit which the Participating Employers shall provide to a Fleet Capital Participant who is eligible to participate as a Class II Participant pursuant to
the provisions of the Schedule of Participants as revised effective June 1, 1998, or the Participant’s Beneficiary(ies) under the Plan shall equal the benefit determined under subsection (c) of this Section 3, provided that if
such Participant’s employment with the Participating Employers is for any reason involuntarily terminated by the Participating Employers, such Participant shall for purposes of this Section 3 be credited with additional Years of Service
equal in number to the additional Years of Service he would have earned under the terms of Specification Schedule M of the Basic Plan had he continued in the employ of the Participating Employers through his Early Retirement Date. Such additional
Years of Service shall be credited as of his date of termination of employment. 

  

	 	(c)	 Subject to the provisions of subsections (a) and (b) of this Section 3, the benefit which the Participating Employers shall provide to a Fleet
Capital Participant who is eligible to participate as a Class I, Class II or Class III Participant pursuant to the provisions of the Schedule of Participants as revised effective June 1, 1998, or the Participant’s Beneficiary(ies) under
the Plan shall equal the excess of (i) reduced by (ii), where: 

  

 Appendix A-4 

	 	(i)	 equals the monthly benefit which would have been provided to such Participant or his Beneficiary under the Specification Schedule M of the Basic Plan, calculated
without regard to the following: 

  

	 	(A)	 without regard to any reduction in compensation attributable to participation in a non-qualified plan of deferred compensation; 

  

	 	(B)	 without regard to any reduction in compensation attributable to participation in Specification Schedule M of the Basic Plan if such Specification Schedule M of
the Basic Plan where administered without regard to the provisions of Section 415 of the Code; 

  

	 	(C)	 without regard to the provisions of Section 401(a)(17) of the Code; 

  

	 	(D)	 without regard to the reduction in bonus earnings taken into consideration in determining Specification Schedule M of the Basic Plan pensionable earnings
pursuant to Part I(c)(i)(B) thereof; and 

  

	 	(E)	 without regard to any reduction applicable to such Participant who is not eligible for any early retirement subsidy otherwise available under the terms of
Specification Schedule M of the Basic Plan because of such Participant’s status as a Highly Compensated Employee as defined in the Basic Plan; and 

  

	 	(ii)	 equals the sum of (A), (B) and (C) where: 

  

	 	(A)	 equals the benefit which will be provided to such Participant or his Beneficiary under Specification Schedule M of the Basic Plan subject to the restrictions and
limitations described in paragraph (i) hereof; 

  

	 	(B)	 equals the benefit, if any, accrued to such Participant or his Beneficiary under the terms of the Restated Retirement Plan of BarclaysAmericanCorporation, or the
Restated Retirement Plan of Barclays Bank PLC, as applicable, on January 31, 1995; and 

  

	 	(C)	 equals the benefit, if any, accrued to such Participant or his Beneficiary under the terms of the BarclaysAmericanCorporation Retirement Restoration Plan, or the
Barclays Bank PLC Retirement Restoration Plan, as applicable, on January 31, 1995. 

  

 Appendix A-5 

	 	(d)	 The benefit which the Participating Employers shall provide to a Fleet Capital Participant who is eligible to participate as a Class IV Participant pursuant to
the provisions of the Schedule of Participants as revised effective June 1, 1998, or the Participant’s Beneficiary(ies) under the Plan shall equal the excess of (i) reduced by (ii), where: 

  

	 	(i)	 equals the monthly benefit which would have been provided to such Participant or his Beneficiary under Specification Schedule M of the Basic Plan, calculated
without regard to the following: 

  

	 	(A)	 subject to Item (E), without regard to any reduction in compensation attributable to participation in a non-qualified plan of deferred compensation;

  

	 	(B)	 subject to Item (E), without regard to any reduction in compensation attributable to participation in Specification Schedule M of the Basic Plan if such
Specification Schedule where administered without regard to the provisions of Section 415 of the Code; (C) subject to Item (E), without regard to the provisions of Section 401(a)(17) of the Code; 

  

	 	(C)	 with respect to bonus earnings paid prior to July 1, 1997, without regard to the reduction in bonus earnings taken into consideration in determining
Specification Schedule M of the Basic Plan pensionable earnings pursuant to Part I(c)(i)(B) thereof; 

  

	 	(D)	 with respect to bonus earnings paid on or after July 1, 1997, without regard to so much of the reduction in bonus earnings excluded in determining
Specification Schedule M of the Basic Plan pensionable earnings pursuant to Part I(c)(i)(B) thereof as does not exceed 150% of such Participant’s annual base salary or wages taken into consideration as pensionable earnings under the terms of
the Specification Schedule M of the Basic Plan; and 

  

	 	(E)	 without regard to any reduction applicable to such Participant who is not eligible for any early retirement subsidy otherwise available under the terms of
Specification Schedule M of the Basic Plan because of such Participant’s status as a Highly Compensated Employee as defined in the Basic Plan; and 

  

	 	(ii)	 equals the sum of (A), (B) and (C) where: 

  

	 	(A)	 equals the benefit which will be provided to such Participant or his Beneficiary under Specification Schedule M of the Basic Plan subject to the restrictions and
limitations described in paragraph (i); 

  

 Appendix A-6 

	 	(B)	 equals the benefit, if any, accrued to such Participant or his Beneficiary under the terms of the Restated Retirement Plan of BarclaysAmericanCorporation, or the
Restated Retirement Plan of Barclays Bank PLC, as applicable, on January 31, 1995; and 

  

	 	(C)	 equals the benefit, if any, accrued to such Participant or his Beneficiary under the terms of the BarclaysAmericanCorporation Retirement Restoration Plan, or the
Barclays Bank PLC Retirement Restoration Plan, as applicable, on January 31, 1995. 

  

	 	(e)	 The benefit which the Participating Employers shall provide to a Fleet Capital Participant who is eligible to participate as a Class V Participant pursuant to
the provisions of the revised Schedule of Participants as revised effective July 1, 2000, or the Participant’s Beneficiary (ies) under the Plan shall equal the excess of (i) reduced by (ii) where: 

  

	 	(i)	 equals the monthly benefit which would have been provided to such Participant or Beneficiary under Specification Schedule M of the Basic Plan, calculated with
regard to the following: 

  

	 	(A)	 with respect to the provisions of Section 401(a)(17) of the Code; 

  

	 	(B)	 with respect to bonus earnings included in determining pensionable earnings pursuant to Part I(c)(i)(B) of said Specification Schedule thereof up to 20% of such
Participant’s annual base salary or wages taken into consideration as pensionable earnings under the terms of such Specification Schedule; 

  

	 	(C)	 with respect to the accrued benefit, if any, to such Participant under the terms of the Retirement Plan for BarclaysAmerican Corporation or the Barclays Bank PLC
U.S.A. Staff Pension Plan, as applicable on January 31, 1995; 

  

	 	(D)	 with respect to accrued benefit, if any, to such Participant under the terms of the NatWest Bank, N.A. Retirement Plan determined as of December 31, 1996.

  

	 	(ii)	 is the benefit, if any, accrued to such Participant under the terms of the Basic Plan. 

  

 Appendix A-7 

	 	(f)	 Notwithstanding any other provision of the Plan to the contrary, no amount received by a Fleet Capital Participant as special pay, stay pay or severance pay,
including, but not limited to, any amount paid from any pool of funds created in connection with the sale of Barclays Commercial Corporation shall be taken into account for purposes of determining the amount of benefits payable under the Plan.

  

	 	(g)	 Notwithstanding any other provision of the Plan to the contrary, a Fleet Capital Participant who was a Participant in the Fleet Capital Restoration Plan on
February 28, 1997, but who is not included in the Schedule of Participants with respect to benefits accruing on and after March 1, 1997, shall cease to accrue Fleet Capital Restoration Plan benefits on and after March 1, 1997. The
Committee shall pay such Participants out pursuant to the provisions of Section 4 hereof. 

  

	 	(h)	 Notwithstanding any other provision of the Plan to the contrary, a Fleet Capital Participant who was a Participant in the Fleet Capital Restoration Plan on
June 30, 1997, but who is not included in the Schedule of Participants with respect to benefits accruing on and after July 1, 1997, shall cease to accrue Fleet Capital Restoration Plan benefits on and after July 1, 1997. The Committee
shall pay such Participants out pursuant to the provisions of Section 4 hereof. 

  

	 	4.	 Form and Timing of Benefits: 

 Payment of Plan benefits to a Fleet Capital Participant or the Participant’s Beneficiary shall be made in accordance with the provisions of Section 4 of the Plan. Plan benefits shall in all respects be
subject to any applicable income tax withholding under federal or state law. 
  

	 	5.	 Vesting: 

 A Fleet Capital Participant shall have the same nonforfeitable right to benefits payable on the Participant’s behalf under the Plan as such Participant has to benefits payable on the Participant’s behalf pursuant to the provisions
of Specification Schedule M of the Basic Plan provided, however, that such benefits are subject to complete forfeiture to the extent that, in the sole and exclusive discretion of the Participating Employer, such Participant is determined to have
engaged in activities, whether before or after Plan benefit payments commence, which are both fraudulent and detrimental to a Participating Employer. 
  

	 	6.	 Definitions: 

 All terms under Section D of Appendix A of the Plan shall have the meaning set forth for such terms pursuant to the provisions of Specification Schedule M of the Basic Plan. 
  

 Appendix A-8 

	 	7.	 Amendment and Funding: 

 This Section D of Appendix A may be amended only with the written consent of Bank of America, N.A. All benefits determined to be payable under the Fleet Capital Restoration Plan, and all benefits earned under this
Section D after the merger, shall be a liability of, and be paid by, Bank of America, N.A. 
  

	 	8.	 Schedule of Participants: 

 As described in Section 2, the Schedule of Plan Participants, executed as of September 11, 2000, is as follows: 
 Class II Participants 
  

					
	  
 PERSON NUMBER
  
	 	  
 LAST NAME
  
	 	  
 FIRST NAME
  

	  
 28086101
  
	 	 Coppedge
  
	 	 Ferrell
  

	  
 24848406
  
	 	 Farley
  
	 	 Michael
  

	  
 29958700
  
	 	 Strauss
  
	 	 Philip
  

	  
 30119520
  
	 	 Swindells
  
	 	 William
  

 Class III Participants 
  

					
	  
 PERSON NUMBER
  
	 	  
 LAST NAME
  
	 	  
 FIRST NAME
  

	  
 30119129
  
	 	  
 Meyers
  
	 	  
 James
  

 Class IV Participants 
  

					
	  
 PERSON NUMBER
  
	 	 LAST NAME
  
	 	 FIRST NAME

  

	  
 30050784
  
	 	 Ausburn
  
	 	 Lawrence
  

	  
 23735129
  
	 	 Clack
  
	 	 Ronald
  

	  
 30117855
  
	 	 Dianich
  
	 	 Michael Sr.
  

	  
 22267721
  
	 	 Dumelin
  
	 	 Bruce
  

	  
 30120791
  
	 	 Gagnon
  
	 	 Richard
  

	  
 30117694
  
	 	 Johnson
  
	 	 Michael
  

  

 Appendix A-9 

					
	  
 PERSON NUMBER
  
	 	 LAST NAME
  
	 	 FIRST NAME

  

	  
 24464035

  
	 	 Meier
  
	 	 Alan
  

	  
 25059340
  
	 	 Pengelly
  
	 	 Audrey

  

	  
 29749184
  
	 	 Solomon
  
	 	 Stuart
  

 Class V Participants 
  

					
	 PERSON NUMBER

  
	 	 LAST NAME
  
	 	 FIRST NAME

  

	  
 21313318
  
	 	 Kreft
  
	 	 Ira
  

	  
 26520022

  
	 	 Tornow
  
	 	 Brian
  

	  
 Not Available
  
	 	 Terry
  
	 	 J. Cameron

  

	  
 21551974
  
	 	 Broderick
  
	 	 Timothy
  

	  
 25506500
  
	 	 Clarke
  
	 	 Timothy
  

  

 Appendix A-10

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