Document:

Executive Consultation between First-Citizens Bank and Kenneth A. Black

 Exhibit 10.8 
 STATE OF NORTH CAROLINA 
 COUNTY OF WAKE 
 EXECUTIVE CONSULTATION, 
 SEPARATION FROM SERVICE AND 
 DEATH BENEFIT AGREEMENT 
 THIS
EXECUTIVE CONSULTATION, SEPARATION FROM SERVICE AND DEATH BENEFIT AGREEMENT (“Agreement”) is made and entered into this 17th day of September, 2007, to be effective as of the 1st day of January, 2005, by and between FIRST-CITIZENS
BANK & TRUST COMPANY, a North Carolina banking corporation with its principal office in Raleigh, Wake County, North Carolina (“Company”) and KENNETH A. BLACK (“Executive”); 
 W I T N E S S E T H 
 WHEREAS,
Executive is an employee of Company who has provided guidance, leadership and direction in the growth, management and development of Company and has learned trade secrets, confidential procedures and information, and technical and sensitive plans of
Company; and 
 WHEREAS, Company desires to limit Executive’s availability to other employers or entities which are in
competition with Company following Executive’s separation from service with Company; and 
 WHEREAS, Company has offered to
Executive a non-competition arrangement and a consultation arrangement together with a death benefit arrangement for Executive’s designated beneficiary or estate, as applicable, and the parties hereto have reached an agreement concerning those
arrangements and other matters contained herein and desire to set forth the terms and conditions thereof. 
 NOW, THEREFORE, for and
in consideration of the mutual promises and undertakings herein set forth, Executive and Company hereby agree as follows: 
 1.
Administration of the Agreement. The Agreement shall be administered by the Board of Directors of the Company or its delegate (the “Administrator”). Subject to the provisions of the Agreement, the Administrator shall have full
and final authority in its discretion 

  

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to take any action with respect to the Agreement including, without limitation, the authority to (i) determine all matters relating to the payments;
(ii) establish, amend and rescind rules and regulations for the administration of the Agreement; and (iii) construe and interpret the Agreement, to interpret rules and regulations for administering the Agreement and to make all other
determinations deemed necessary or advisable for administering the Agreement. Except to the extent otherwise required under Section 409A of the Internal Revenue Code of 1986, as amended (“Code”), the Administrator shall have the
authority, in its sole discretion, to accelerate the date that any Consultation Payments or Separation Payments which were not otherwise vested or earned shall become vested or earned in whole or in part without any obligation to accelerate such
date with respect to any other employee. The Administrator also may in its sole discretion determine that Executive’s rights or payments under the Agreement shall be subject to reduction, cancellation, forfeiture or recoupment due to conduct by
Executive that is determined by the Administrator to be detrimental to the business or reputation of the Company, including, without limitation, upon termination of employment for cause; violation of policies of the Company; or breach of
non-solicitation, noncompetition, confidentiality or other restrictive covenants that apply to the Executive. In addition to action by meeting in accordance with applicable laws, any action of the Administrator with respect to the Agreement may be
taken by a written instrument signed by the Administrator (including, where the Board or a committee serves as the Administrator, by written consent signed by all of the members of the Board, or all of the members of a committee, and any such action
so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and called). No individual shall be liable while acting as Administrator for any action or determination made in good
faith with respect to the Agreement, and any such individual shall be entitled to indemnification and reimbursement in the manner provided in the Company’s certificate of incorporation and bylaws and/or under applicable law. 
 2. Consultation Payments. Following Executive’s separation from service with Company on or after his Vesting Date (as defined in
Section 7), Company shall pay to Executive the sum of TWO THOUSAND ONE HUNDRED SEVENTY-SIX and 61/100 Dollars ($2,176.61) per month, beginning six months and one week after Executive’s date of separation for a period of ten
(10) years, or until Executive’s death, whichever first occurs (“Consultation Payments”). If Executive should die during the ten-year period during which Consultation Payments are being made under this Paragraph 2, then those
payments shall terminate. 
  

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 The monthly Consultation Payments shall be paid for and in consideration of Executive’s support,
sponsorship, advisory and other services provided to Company (“Consultation Services”), such sum to be payable to Executive whether or not Executive’s Consultation Services are utilized in said month by Company. Except as set forth
below, Consultation Payments hereunder shall be payable each month without deductions and Executive agrees to be solely responsible for the payment of all income and other taxes out of said funds and all Social Security, self-employment and any
other taxes or assessments, if any, applicable on said compensation. 
 For and in consideration of said monthly Consultation Payments to
Executive, Executive will provide Consultation Services as an independent contractor to Company, as and when Company may request, which services may be provided with respect to all phases of Company’s business and particularly those phases in
which Executive has particular expertise and knowledge. Executive’s services shall be limited to those of an independent contractor, shall not be on a day-to-day regularly scheduled operational basis and shall be provided only when Executive is
reasonably available and willing, which willingness will not be unreasonably withheld. 
 Effective as of Executive’s date of
separation, Executive and Company agree that Executive shall be, under the terms of this Agreement, an independent contractor, and Executive agrees that Executive’s rights and privileges and obligations are only as provided in this Agreement as
to matters covered herein. Notwithstanding the foregoing, if Company determines that the Consultation Payments are compensation for other than payments for Consultation Services, and such payments shall be subject to any and all applicable
withholding, Social Security, employment, income and other taxes or assessments, if any, under applicable tax law, the said payments shall be subject to the required withholdings. 
 3. Separation Payments. Following Executive’s separation from service with Company on or after his Vesting Date (as defined in
Section 7), Company shall pay to Executive the sum of SIX THOUSAND FIVE HUNDRED TWENTY-NINE and 84/100 Dollars ($6,529.84) per month, beginning six months and one week after Executive’s date of separation for a period of ten
(10) years, or until Executive’s death, whichever first occurs (the “Separation 

  

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Payments”). Such payments shall be subject to any and all applicable withholding, Social Security, employment, income and other taxes or assessments, if
any, under the applicable tax law. If Executive should die during the ten-year period during which payments are being made under this Paragraph 3, then those payments shall terminate and future payments, if any, shall be made to Executive’s
designated beneficiary(ies) or Executive’s estate in accordance with the provisions of Paragraph 4 of this Agreement. 
 4.
Continuation of Payments. Following Executive’s death during the original ten-year period of payments under Paragraph 3 above, the sum of EIGHT THOUSAND SEVEN HUNDRED SIX and 45/100 Dollars ($8,706.45) per month shall be paid to such
individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as applicable, beginning the first calendar month
following the date of Executive’s death and continuing thereafter until the expiration of said original ten-year period. Once the monthly payments have begun to Executive, whether paid by Company or as otherwise provided herein, the maximum
payment period under this Agreement shall be ten (10) years. 
 5. Covenant Not To Compete. For and in consideration of
the monthly payments described in Paragraphs 2 and 3, Executive agrees not to become an officer or employee of, provide any consultation to, nor participate in any manner with, any other entity of any type or description involved in any major
element of business which Company is performing at the time of Executive’s separation from service with the Company, nor will Executive perform or seek to perform any consultation or other type of work or service with any other firm, person or
entity, directly or indirectly, in any such business which competes with Company, whether done directly or indirectly, in ownership, consultation, employment or otherwise. Executive agrees not to reveal to outside sources, without the consent of
Company, any matters, the revealing of which could, in any manner, adversely affect or disclose Company’s business or any part thereof, unless required by law to do so. This Covenant Not To Compete by Executive is limited to the geographic area
consisting of each county or like jurisdictional entity in which either Company or any banking or investment entity owned directly or indirectly by the parent of Company shall maintain a banking or other business office at the time of
Executive’s separation from service, shall exist for and during the term of all payments to be made under Paragraphs 2 and 3, whether made directly by Company or as otherwise provided herein, and shall not prevent Executive from purchasing or
acquiring, as an investor only, a financial interest of less than 5% in a business or other entity which is in competition with Company. 
  

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 Executive acknowledges that the remedy at law for breach of Executive’s Covenant Not To Compete will
be inadequate and that Company shall be entitled to injunctive relief as to any violation thereof; however, nothing herein shall be construed as prohibiting Company from pursuing any other remedies available to it, in addition to injunctive relief,
whether at law or in equity, including the recovery of damages. In the event Executive shall breach any condition of Executive’s Covenant Not To Compete, then Executive’s right to any of the payments becoming due under Paragraphs 2 and 3
of this Agreement after the date of such breach shall be forever forfeited and the right of Executive’s designated beneficiary(ies) or Executive’s estate to any payments under this Agreement shall likewise be forever forfeited. This
forfeiture is in addition to and not in lieu of any of the above-described remedies of Company and shall be in addition to any injunctive or other relief as described herein. Executive further acknowledges that any breach of Executive’s
Covenant Not To Compete shall be deemed a material breach of this Agreement. 
 6. Death Benefits. In the event Executive dies
while employed by Company or within six months and one week after Executive’s date of separation from service with Company due to retirement, Company will pay the sum of EIGHT THOUSAND SEVEN HUNDRED SIX and 45/100 Dollars ($8,706.45) per month
for a period of ten (10) years, to such individual or individuals as Executive shall have designated in writing as his beneficiary(ies) as provided in Paragraph 13 below or, in the absence of such designation, to Executive’s estate, as
applicable. The first payment shall be made not later than two months following Executive’s death. 
 7. Forfeiture of
Benefits. This Agreement is subject to termination by Company at any time and without stated cause prior to the date the Executive attains age 65, or such earlier date as the Executive and Company may mutually agree (the “Vesting
Date”). In the event Company shall terminate this Agreement prior to the Vesting Date, Executive shall forfeit all rights to receive any payment provided for herein. Likewise, in the event Executive’s employment is terminated prior to his
Vesting Date, either voluntarily or involuntarily, for reasons other than his death, Executive shall forfeit all rights to receive any payment provided for herein. Executive acknowledges and agrees that, prior to the earlier of his death or Vesting
Date, nothing contained herein shall be construed as conferring upon Executive any vested benefits or any vested rights to receive any payment provided for herein. 
  

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 8. Claims Procedure. Any claim for benefits under this Agreement shall be made in writing
to Company. If any claim for benefits under this Agreement is wholly or partially denied, notice of the decision shall be furnished to the claimant within a reasonable period of time, not to exceed 90 days after receipt of the claim by Company,
unless special circumstances require an extension of time for processing the claim. If such an extension of time is required, written notice of the extension shall be furnished to the claimant prior to the termination of the initial 90-day period.
In no event shall such extension exceed the period of 90 days from the end of such initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date on which the administrator expects to render
a decision. 
 Company shall provide every claimant who is denied a claim for benefits written notice setting forth, in a manner calculated
to be understood by the claimant, the following: (i) specific reasons for the denial; (ii) specific reference to pertinent provisions upon which the denial is based; (iii) a description of any additional material or information
necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; and (iv) an explanation of the Agreement’s claims review procedure as set forth below. 
 The claimant may appeal the denial of his claim to Company for a full and fair review. A claimant (or his duly authorized representative) may request a
review by filing a written application for review with the Administrator at any time within 60 days after receipt by the claimant of written notice of the denial of his claim. The claimant or his duly authorized representative may request, upon
written application to Company, to review pertinent documents, and submit issues and comments in writing. 
 The decision on review shall be
made by the Administrator, who may, in its or his/her discretion, hold a hearing on the denied claim; the Administrator shall make this decision promptly, and not later than 60 days after Company receives the request for review, unless special
circumstances require extension of time for processing, in which case a decision shall be rendered as soon as possible, but not later than 120 days after receipt of the request for review. If such an extension of time for review is required, written
notice of the extension (including the 

  

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special circumstances requiring the extension of time) shall be furnished to the claimant prior to the commencement of the extension. In the event that the
decision on review is not furnished within the time period set forth in this paragraph, the claim shall be deemed denied on review. 
 The
decision on review shall be in writing and shall include reasons for the decision, written in a manner calculated to be understood by the claimant, and specific references to the pertinent provisions in the relevant documents on which the decision
is based. 
 9. Assignment of Rights; Spendthrift Clause. Neither Executive nor Executive’s estate, or any designated
beneficiary shall have any right to sell, assign, transfer or otherwise convey the right to receive any payment hereunder. To the extent permitted by law, no benefits payable under this Agreement shall be subject to the claim of any creditor of
Executive or Executive’s estate or any designated beneficiary, or to any legal process by any creditor of any such person. 
 10.
Unfunded Plan. Executive and Company do not intend that the amounts payable hereunder be held by Company in trust or as a segregated fund for Executive or any other person entitled to payments hereunder. The benefits provided under this
Agreement shall be payable solely from the general assets of Company, and neither Executive nor any other person entitled to payments hereunder shall have any interest in any assets of Company by virtue of this Agreement. Company’s obligation
under this Agreement shall be merely that of an unfunded and unsecured promise of Company to pay money in the future. To the extent that this Agreement may be deemed to be a “pension plan,” Executive and Company intend that it be unfunded
for federal income tax purposes, as well as for Title I of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). 
 11. Payments and Funding. Any payments under this Agreement shall be independent of, and in addition to, those under any other plan, program or agreement which may be in effect between the parties hereto, or any other
compensation payable to Executive or Executive’s designee by Company. This Agreement shall not be construed as a contract of employment nor does it restrict the right of Company to discharge Executive at will or the right of Executive to
terminate said Executive’s employment at will. 
 Company may, in its sole discretion, purchase an insurance policy on the life of
Executive to fund or assist in the funding of this Agreement. Executive agrees to promptly supply to Company and its selected or prospective insurance carrier, upon request, any and all 

  

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information requested, in order to enable the insurance carrier to evaluate the risks involved, in providing the insurance requested by Company. Any and all
rights to any and all benefits under such insurance policy on the life of Executive shall be solely the property of Company and all proceeds of such policy shall be payable by the insurer solely to Company, as owner of such policy. Executive
specifically waives any rights in any insurance policy on Executive’s life owned by Company pursuant to this Agreement. Such policy shall not serve in any way as security to Executive for Company’s performance under this Agreement.
The rights accruing to Executive or any designee hereunder shall be solely those of an unsecured creditor of Company and shall be subordinate to the rights of the depositors of Company. 
 12. Survivor Annuities and QDROs. Nothing contained in this Agreement is intended to give nor shall give any spouse or former spouse of
Executive nor any other person any right to benefits under this Agreement by virtue of sections 401(a)(11) and 417 of the Code (relating to qualified preretirement survivor annuities and qualified joint and survivor annuities) or Code Sections
401(a)(13)(B) and 414(p) (relating to qualified domestic relations orders). 
 13. Designation of Beneficiary(ies). In order to
designate one or more beneficiaries as described in Paragraph 4 or 6 above, Executive shall file a written designation with Company in the form attached as Exhibit A to this Agreement. Each such designation shall specify, by name(s), the person(s)
to whom any amounts payable under this Agreement shall be paid following Executive’s death. From time to time, Executive may change or revoke a beneficiary designation without the consent of the beneficiary(ies) by filing a new beneficiary
designation form with Company, and the filing of a new designation form automatically shall revoke any and all designation forms previously filed with Company. A beneficiary designation form not properly filed with Company prior to Executive’s
death shall be of no force or effect under this Agreement. 
 Subject to reasonable restrictions imposed by Company and to Company’s
right to refuse to accept such a designation for reasons satisfactory to it, Executive may designate more than one beneficiary and/or alternative or contingent beneficiaries, in which case Executive’s designation form shall specify the relative
shares and terms and conditions upon which amounts shall be paid to such multiple or alternative or contingent beneficiaries. 
 If, at the
time of Executive’s death, (i) no beneficiary designation is on file with Company, (ii) no beneficiary designated by Executive has survived Executive, or (iii) there are 

  

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other circumstances not covered by the beneficiary designation form on file with Company, then Executive’s estate conclusively shall be deemed to be the
beneficiary designated to receive any amounts then remaining payable to Executive under this Agreement. 
 In making all determinations
regarding Executive’s beneficiary, the latest designation form filed by Executive with Company shall control, and all changes in circumstances that occur after the filing of that designation shall be ignored. For example, if Executive’s
spouse is designated as beneficiary in the latest designation filed by Executive but, thereafter, is divorced from Executive, such designation shall remain valid until and unless Executive files a later beneficiary designation form with Company
naming a different beneficiary. 
 Any check for a payment under this Agreement that is issued on or before the date of Executive’s
death shall remain payable to Executive and shall be handled accordingly, whether or not the check actually is received by Executive prior to death. Any check issued after the date of Executive’s death shall be the property of Executive’s
beneficiary(ies) determined in accordance with this Paragraph 13. 
 14. Suicide. In the event Executive commits suicide within
two years of the date of this Agreement, all payments provided for herein to be paid to Executive’s designated beneficiary or Executive’s estate shall be forfeited. 
 15. Binding Effect. This Agreement shall be binding upon Executive, his heirs, personal representatives and assigns, and upon Company, its
successors and assigns. 
 16. Amendment of Agreement. This Agreement may not be altered, amended or revoked except by a
written agreement signed by Company and Executive; provided, however, that if Company determines to its reasonable satisfaction that an alteration or amendment of the Agreement is necessary or advisable in order for the Agreement to comply with the
Code, the Treasury Regulations, or any other applicable tax authority (collectively “Tax Law”), then, upon written notice to Executive, Company may unilaterally amend the Agreement in such manner and to such an extent as it reasonably
considers necessary or advisable in order to comply with the Tax Law. Nothing in this Paragraph 16 shall be deemed to limit Company’s right to terminate this Agreement at any time and without stated cause as provided in Paragraph 7. 

 

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 17. Compliance with Code Section 409A. Notwithstanding any other provision in the
Agreement to the contrary, if and to the extent that Code Section 409A is deemed to apply to the Agreement, it is the general intention of Company that the Agreement shall, to the extent practicable, comply with Code Section 409A, and the
Agreement shall, to the extent practicable, be construed in accordance therewith. Without in any way limiting the effect of the foregoing, in the event that Code Section 409A requires that any special terms, provisions or conditions be included
in the Agreement, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of the Agreement, as applicable. Further, in the event that the Agreement shall be deemed not to comply with Code
Section 409A, then neither the Company, the Administrator nor its or their designees or agents shall be liable to any Executive or other person for actions, decisions or determinations made in good faith. 
 18. Interpretation. Where appropriate in this Agreement, words used in the singular shall include the plural and words used in the
masculine shall include the feminine. 
 19. Invalid Provision. The invalidity or unenforceability of any particular provision
of this Agreement shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision were not contained herein. 
 20. Governing Law. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of North
Carolina. 
 21. Entire Agreement. This Agreement contains the entire agreement and understanding of the parties with respect
to the subject matter hereof and supersedes and replaces any and all prior agreements and understandings, whether oral or written, with respect to the subject matter hereof. 
  

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 IN TESTIMONY WHEREOF, Company has caused this Agreement to be executed in its corporate name by
its Executive Vice President, and attested by its Assistant Secretary, all by the authority of its Board of Directors duly given, and Executive has hereunto set his hand and adopted as his seal the typewritten word “SEAL” appearing beside
his name, as of the day and year first above written. 
  

							
		 		 	FIRST-CITIZENS BANK & TRUST COMPANY
				
		 		 	By:	 	 /s/ LOU J. DAVIS

				
	ATTEST:	 		 		 	
				
	 /s/ LEE B. HARDEMAN
	 		 		 	
	Assistant Secretary	 		 		 	
		 		 	 /s/ KENNETH A. BLACK

		 		 	Executive

  

 - 11 -Retirement Agreement

 Exhibit 10.1 
 RETIREMENT AGREEMENT 
 This Retirement Agreement (this “Agreement”) by and between
Regions Financial Corporation, a Delaware corporation (the “Company”) and Jackson W. Moore (the “Executive”) is dated as of November 6, 2007 (the “Effective Date”). 
 WHEREAS, the Executive is party to an Employment Agreement with the Company dated May 24, 2006, as subsequently amended on January 31, 2007
(the “Employment Agreement”); and 
 WHEREAS, the Executive intends to retire from service with the Company, and in
connection therewith, the Company and the Executive wish to set forth their mutual agreement as to the terms and conditions of such retirement; 
 NOW, THEREFORE, the Company and the Executive hereby agree as follows: 
 1. Resignation. Effective as of December 31,
2007 (the “Retirement Date”, which shall be deemed the “Date of Termination” for all purposes of the Employment Agreement), the Executive hereby resigns from his employment with the Company, from his position as a member
of the Board of Directors of the Company, and from all other positions he holds as an officer or member of the board of directors of any of the Company’s subsidiaries or affiliates (the Company and all of its subsidiaries and affiliates are
hereinafter referred to collectively as the “Affiliated Entities”). Such retirement shall be treated as a termination of the Executive’s employment for “Good Reason” for purposes of the Employment Agreement and, to
the extent relevant, for purposes of all other agreements between the Executive and the Affiliated Entities or compensation and benefit arrangements sponsored or maintained by any of the Affiliated Entities (and if any such arrangement does not
include a Good Reason concept, shall be treated as a termination without “cause”); provided, however, to the extent the Executive satisfies any “retirement” based rule of any compensation or benefit agreement with or
arrangement sponsored or maintained by any of the Affiliated Entities that provides for more beneficial treatment to the Executive, the Executive shall be afforded such more beneficial treatment. The Company and the Executive shall take all steps
necessary to ensure that any termination described in this Section 1 constitutes a “separation from service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and
notwithstanding anything contained herein to the contrary, the date on which such separation from service takes place shall be the “Retirement Date.” 
 2. Compensation Matters. 
 (a) Employment Agreement Payment. The Company shall, on the first
regular payroll date following the six-month anniversary of the Retirement Date (the “Delayed Payment Date”), pay to the Executive the amounts set forth on Schedule A, plus interest thereon from the Retirement Date through
the Delayed Payment Date (such six-month period of delay, the “409A Delay Period”) at the applicable federal rate provided for in Section 7872(f)(2)(A) of the Code (the “Applicable Federal Rate”), which payment
is equal to the sum of the amounts payable to the Executive under Sections 5(a)(i)(A)(2) and 5(a)(i)(B) of the Employment Agreement. 
 (b)
Equity Compensation Awards. Pursuant to Section 5(a)(ii) of the Employment Agreement, all stock options, restricted stock and other equity-based compensation 

 
awards outstanding as of the Retirement Date and held by the Executive shall vest in full on the Retirement Date, with any stock options to remain fully
exercisable for the remainder of their full term. Attached hereto as Schedule B is a schedule of the Executive’s outstanding equity awards, which includes with respect to stock options the exercise price and the date of expiration.

 (c) Continued Medical Benefits. In accordance with the terms of the Employment Agreement, the Company shall provide the Executive
and his spouse with the Medical Benefits (as defined in Section 3(b)(iv) of the Employment Agreement) from the Retirement Date and for the remainder of each of the lives of the Executive and his current spouse. The Medical Benefits shall be
provided in such a manner that (i) until the Executive attains age 65, such benefits (and the costs and premiums thereof) will be provided so that the provision of such benefits does not cause the Executive or his spouse to incur any income
taxes and (ii) after the Executive attains age 65, the Company’s portion of the deemed premium shall be imputed as income to the Executive for income tax purposes. Throughout the period that the Medical Benefits are provided to the
Executive and his spouse, the Executive’s percentage contribution toward the cost of the Medical Benefits shall be no greater than the Executive’s percentage contribution as in effect on the Retirement Date. 
 (d) Deferred Compensation Benefits. The Executive’s account balance under the Union Planters Corporation Directors Deferred Compensation
Agreement (the “Union Planters Plan”), plus any deferrals made by the Executive thereunder (and any matching contributions thereon) from the date hereof through the Retirement Date shall be paid to the Executive in ten equal annual
installments, with interest on the undistributed portion of the account balance to accrue through the final payment date and to be paid proportionately with each installment payment, with the first such installment payment commencing on the Delayed
Payment Date. The Executive’s account balance with respect to deferrals made prior to January 1, 2005 under the Regions Financial Corporation Amended and Restated 1996 Deferred Compensation Plan for Executives of Former Union Planters
Corporation (the “Regions Plan”), plus any deferrals made by the Executive thereunder (and any matching contributions thereon) from the date hereof through the Retirement Date shall be paid to the Executive in a lump sum on the
Retirement Date, with such account balance to be valued as of the Retirement Date, and the Executive’s account balance with respect to deferrals made on or after January 1, 2005 under the Regions Plan shall be paid to the Executive in a
lump sum on the Delayed Payment Date, with such account balance to be valued as of the Retirement Date and with interest to be paid on such balance at the Applicable Federal Rate through the Delayed Payment Date. Attached hereto as Schedule C
is a schedule of the Executive’s account balances under each of the Union Planters Plan and the Regions Plan as of the valuation date set forth on such Exhibit. 
 (e) Other Vested Benefits. Within 30 days following the Retirement Date, the Company shall pay the Executive any accrued but unpaid base salary and shall reimburse the Executive in accordance with the
Company’s policies for any reimbursable expenses incurred through the Retirement Date. Amounts that are vested benefits or that the Executive is otherwise entitled to receive under any plan, policy, practice or program of or any other contract
with the Company or the Affiliated Entities at or subsequent to the Retirement Date shall be payable in accordance with such plan, policy, practice or program or contract or agreement, except to the extent modified by this Agreement. For the
avoidance of doubt, the ING life insurance policy on the Executive’s life shall continue in full force and effect through October 31, 2008. 
 (f) Office and Secretarial Benefits. From the Retirement Date until November 4, 2008, the Company shall provide the Executive with (i) fully furnished office space at the Company’s offices at
6200 Poplar in Memphis, Tennessee, which office shall have accoutrements (including office equipment and supplies) comparable to those of the Executive’s office at such location prior to his relocation to Alabama, and (ii) continued
secretarial support from Jesse Boyd, the Executive’s current secretary, who shall remain an employee of the 

  

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Company for payroll and benefit plan continuation purposes and shall be relocated to Memphis, Tennessee in accordance with the Company’s relocation
policy. For the avoidance of doubt, Ms. Boyd’s continued employment shall be subject to the Company’s generally applicable policies and Ms. Boyd will provide secretarial and administrative support for the Company in addition to
her duties to the Executive. The Company shall, effective as of the Retirement Date, transfer to the Executive one Company-owned personal/home office computer, one printer and one fax machine (in each case being used by the Executive as of
immediately prior to the Retirement Date); provided that the Company may arrange for removal from the hard drive of said computer any of its proprietary software and confidential and proprietary information.  
 (g) Continued Home Security and Financial Advice. Effective as of the Retirement Date, the Company shall transfer to the Executive ownership of the
Company-paid home security equipment in the Executive’s homes and on the Delayed Payment Date shall pay the Executive a lump sum in cash equal to the Company’s cost of maintaining such security services for the period from the Retirement
Date through November 4, 2008. In accordance with its practice for retiring executives, from the Retirement Date through December 31, 2009, the Company shall continue to make available to the Executive financial planning services at the
Company’s expense on the same basis as such services were made available to the Executive immediately prior to the Effective Date, which financial planning benefit shall be provided in a manner consistent with Section 2(j) below.

 (h) Relocation. The Company shall relocate the Executive and his family and their home furnishings to Memphis, Tennessee in
accordance with the Company’s relocation policy as in effect immediately prior to the Effective Date. In addition, the Company shall relocate the Executive’s office furnishings to Memphis, Tennessee. Consistent with Section 409A of
the Code, all such relocation benefits shall be provided not later than the last day of the second calendar year that begins after the Retirement Date. 
 (i) Split Dollar Insurance Arrangements. The Company shall cause the Trust Agreement (as defined in the Employment Agreement) to continue to pay the premiums on the Equitable Life Assurance Society life
insurance policy on the Executive’s life out of amounts contributed to the Trust Agreement, and with respect to such premium payments the Company and the Executive agree that the Company shall continue to issue the Executive a Form W-2 (or with
respect to periods following the Retirement Date, a Form 1099) for the economic benefit cost of such policy to the extent such issuance continues to be permissible under the Code. With respect to the equity split dollar life insurance policies
issued by John Hancock Variable Life Insurance Company and Pacific Life Insurance Company on the lives of the Executive and his spouse, the Company and the Executive agree that, to the extent permissible under the Code, for tax purposes the rollout
of such arrangement will be treated in accordance with prevailing practice applicable to collateral assignment arrangements prior to the final regulations under the Code, and that consequently no tax will be reported to the Internal Revenue Service
or other applicable tax authority upon the release of the collateral assignment. 
 (j) 409A In Kind Benefit Rules. The amount of the
financial planning benefits under Section 2(g) in any given calendar year shall not affect the amount of such benefits provided in any other calendar year, and the Executive’s (and his spouse’s) right to such benefits may not be
liquidated or exchanged for any other benefit. To the extent the cost of the benefits provided under Section 2(g) during the 409A Delay Period exceeds the limitation under Section 402(g)(1)(b) of the Code (as used for purposes of the
limited payment rule under Section 1.409A-1(b)(9)(v)(D) of the regulations) and such benefits are otherwise considered deferred 

  

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compensation under Section 409A, no later than ten business days after the Retirement Date, the Executive shall pay to the Company the aggregate amount
of the cost of providing such benefits during the 409A Delay Period less the amount provided for under Section 402(g)(1)(b) of the Code, and on the 409A Payment Date, the Company shall reimburse the Executive for all payments so made by the
Executive to the Company plus interest thereon at the Applicable Federal Rate. 
 (k) Indemnification of Director and Officer
Liabilities. The Company hereby confirms its continued indemnification and insurance obligations to the Executive under Section 5(a)(iv) of the Employment Agreement. 
 3. Integration with Employment Agreement; No Mitigation or Set-off. 
 (a) This Agreement supersedes the Employment Agreement, except that any sections of the Employment Agreement cross-referenced in Section 2 of this Agreement, Section 7 (“Full Settlement”) (as
modified by this Section 3(a)), Section 8 (“Certain Additional Payments by the Company”) (as amended as set forth in Exhibit A attached hereto), Sections 9(a), (c) and (d) (“Confidential Information”)
and Section 11 (“Dispute Resolution”) of the Employment Agreement shall survive and are not so superseded. In order to comply with Section 409A of the Code, (a) in no event shall the payments by the Company of fees or
expenses under Section 7 be made later than the end of the calendar year next following the calendar year in which they were incurred, provided that the Executive shall have submitted an invoice therefor at least 30 days before the end
of the calendar year next following the calendar year in which such fees and expenses were incurred, (b) the amount of such fees and expenses that the Company is obligated to pay in any given calendar year shall not affect the legal fees and
expenses that the Company is obligated to pay in any other calendar year, and (c) the Executive’s right to have the Company pay such fees and expenses may not be liquidated or exchanged for any other benefit. 
 (b) The Company hereby waives the application of, and its right to enforce, Section 9(b) (“Non-Competition”) of the Employment Agreement
and any similar provisions contained in any other agreements between the Affiliated Entities and the Executive or any plans of the Affiliated Entities in which the Executive participates. The Company acknowledges that its obligation to make the
payments and provide the benefits provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense, or other claim, right or action that the Company may have
against the Executive or others. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to the Executive under any of the provisions of this Agreement, and such
amounts shall not be reduced whether or not the Executive obtains other employment. 
 4. Successors. 
 (a) This Agreement is personal to the Executive and without the prior written consent of the Company shall not be assignable by the Executive other than
by will or the laws of descent and distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive’s heirs and legal representatives. For purposes of clarity, following the Executive’s death, any rights or
benefits related to the Executive’s spouse shall continue to be provided in accordance with the applicable terms. 
  

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 (b) This Agreement shall inure to the benefit of and be binding upon the Company and its successors and
assigns. Except as provided in Section 4(c), without the prior written consent of the Executive, this Agreement shall not be assignable by the Company. 
 (c) The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or the assets of the Company to assume expressly
and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. “Company” means the Company as hereinbefore defined and any
successor to its business and/or assets as aforesaid that assumes and agrees to perform this Agreement by operation of law or otherwise. 
 5. Amendment. This Agreement may be amended, modified or changed only by a written instrument executed by the Executive and the Company. The payments and benefits under this Agreement that constitute “deferred compensation”
within the meaning of Section 409A of the Code are intended to be provided in a manner that complies in all respects with Section 409A of the Code. If the Company or the Executive determines after the Effective Date that an amendment to
this Agreement is necessary to ensure such compliance with Section 409A of the Code, the parties hereto shall cooperate to make such amendment, provided that any such amendment shall be narrowly tailored to achieve such compliance with
as limited deviation from the intent of this Agreement as of the date hereof as is possible. 
 6. Governing Law and Construction.
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. The captions of this Agreement are not part of the provisions hereof and shall have no
force or effect. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement. 
 7. Tax Withholding. Notwithstanding any other provision of this Agreement, the Company may withhold from any amounts payable under this Agreement,
or any other benefits received pursuant hereto, any Federal, state and/or local taxes as shall be required to be withheld under any applicable law or regulation. 
 8. Public Disclosure. The Company and the Executive will reasonably agree upon the language of any disclosure/press release by Company relating to the matters hereof, subject to the Company’s requirements
under applicable law. 
 9. Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed an
original, and said counterparts shall constitute but one and the same instrument. 
 10. Notices. All notices and other communications
hereunder shall be in writing and shall be given by hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: (i) if to the Executive, at the home address for the
Executive then shown in the Company’s records, and (ii) if to the Company, to the General Counsel of the Company, at the Company’s principal offices, or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 
  

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 11. Condition. For the avoidance of doubt, the Company’s obligations under this Agreement are
conditioned on “Cause” as defined in the Employment Agreement not occurring before the Retirement Date. 
 IN WITNESS WHEREOF, each
of the parties hereto has duly executed this Agreement as of the date first set forth above. 
  

	
	
	/s/ Jackson W. Moore
	Jackson W. Moore

  

			
	REGIONS FINANCIAL CORPORATION
		
	By:	 	/s/ John D. Buchanan
		 	Name: John D. Buchanan
		 	 Title:   Executive Vice President, General
             Counsel and Corporate Secretary

  

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