Document:

Form of director restricted stock grant agreement

 

 

 Exhibit 10.2 

PERSONAL & CONFIDENTIAL 

RESTRICTED STOCK AWARD AGREEMENT 

Under the 

REGIONS FINANCIAL CORPORATION 2010 LONG-TERM INCENTIVE PLAN 

You have been granted an award of Restricted Stock (the “Restricted Stock” or “Award”) under the
Regions Financial Corporation 2010 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are incorporated in this document by reference as if fully set forth herein. This grant is made pursuant to a uniform plan of
compensation for Non-Employee Directors. The Plan and this document set forth the terms and conditions of your Award. This document constitutes the Award Agreement required by the Plan. You should retain it for future reference. References to
defined terms in the Plan are capitalized in this Award Agreement. The prospectus for the Plan and the Plan document itself provide you helpful information and explanations related to your grant. These documents are currently obtainable by logging
on to Wealthviews at https://www.wealthviews.com/rf/. You should note that in the event of any conflict or inconsistency between the provisions of this Award Agreement and the terms and conditions of the Plan, the terms and conditions of this Award
Agreement will control. 
 The number of shares of restricted stock that have been granted to you under this
Award, the dates on which they become exercisable (i.e. “vest”), are set forth in the grant notice attached hereto and incorporated herein by reference. Specific information concerning your Award of Restricted Stock is currently provided
to you online through Wealthviews. 
 Unless you choose to include the value of your Restricted Stock Award in
your current year tax return, there are no current year tax implications of this grant. If you decide to include the value of the Award in your current tax return, you must file a special election, called a “Section 83(b) election” with
the IRS within 30 days after the date this Award is granted to you. If you are considering doing this, you should consult your tax Advisor. You agree that you will promptly notify the Company of any election that you make pursuant to
Section 83(b) of the Internal Revenue Code. 
 During the Period of Restriction your Restricted Stock will
be held in the Plan in book-entry form, though you will be the beneficial owner of the stock. You may request a stock certificate for vested shares after the restrictions lapse. 

During the Period of Restriction and until the shares of Restricted Stock subject to this Award vest or are forfeited, as
the case may be, you will have the right to vote these shares. However, any dividends declared on them will be paid at the time the underlying restricted stock vests. If at the end of the Period of Restriction you are still an active Board member of
Regions and upon compliance with any other applicable requirements of the Plan, such as tax payment or withholding, the restrictions will lapse and the vested number of shares will be released to you and dividends paid to you as provided in the
Plan, this Award Agreement, and the grant notice. 
 If, during the Period of Restriction, your service on the
Board ceases for reasons other than (i) death, (ii) Disability, (iii) retirement at or after age 65, your Restricted Stock and accrued dividends will be forfeited as of the date your service ceases. In the event your service on the
Board ceases due to your retirement at or after age 65 prior to November 30 of the calendar year of the grant, your Restricted Stock and accrued dividends will be forfeited as of the date of your retirement. If your service on the Board ceases
during the Period of Restriction due to death or Disability, any restriction periods and restrictions imposed upon your Restricted Stock will lapse 

 
and dividends will be paid. In the event your service on the Board ceases due to your retirement at or after age 65 on or after November 30 of the calendar year of the grant, unless
otherwise specifically prohibited by applicable laws, rules or regulations, any restriction periods and restrictions imposed upon your Restricted Stock will lapse and dividends will be paid. If a Change in Control occurs while you are a board member
of Regions and your service on the Board ceases without Cause (as defined in the Plan) within twenty-four (24) months following the occurrence of the Change in Control, the time lapse conditions for vesting of any Restricted Stock under this
Award will be deemed to have been satisfied and dividends will be paid as of the date your service ceases. 

Notwithstanding anything in this Award Agreement, the Plan or the grant notice to the contrary, in no event shall the
Restricted Stock or applicable dividends under this Award vest or be settled, paid or accrued, if any such vesting, settlement, payment or accrual would be in violation of applicable law. 

By signing the grant notice for this Award, you agree and acknowledge that you accept the grant of this Award on the
terms and conditions set forth in the Plan, this Award Agreement and the grant notice. You further agree and acknowledge as follows: (1) that this Award Agreement, the Plan and the grant notice set forth the entire agreement of Regions and you
relating to the subject matter of this memorandum and supersedes and replaces all prior agreements and understandings with respect to such subject matter; (2) that Regions and you have made no agreements, representations or warranties relating
to the subject matter of this Agreement which are not set forth herein; (3) that no provision of this Award Agreement and the grant notice may be amended, modified or waived unless any such amendment, modification or waiver is authorized by the
Compensation Committee of the Board of Directors and is agreed to in writing signed by an officer of the Company actually authorized to do so, and (4) that this Award Agreement is binding on the Company’s and your successors and assigns.

 Thank you for your continued service to Regions! 

REGIONS FINANCIAL CORPORATION 

By: 
 Name: O.
B. Grayson Hall, Jr. 
 Title: President and Chief Executive Officer 

 

 

 [date] 

[name and address] 

RE: GRANT NOTICE 

Dear              

Pursuant to the terms and conditions of the company’s Regions Financial Corporation 2010 Long Term Incentive Plan
(the “Plan”) and the attached Award Agreement (within the meaning of the Plan), you have been granted a Restricted Stock Award for              shares of stock as outlined
below. 
 Granted To: 

Grant Date: 

Granted: 

Per Share Value of 

Award on Grant Date: 

Vesting Schedule: 

By your signature below, you and Regions agree that this Award is granted under and governed by the terms and conditions
of the Plan, the Award Agreement and this grant notice. 
  

			
	
Signed:                            
                                         
                                         
                          
	 	 Date:                        

 Please sign one copy of this document and return it to Regions Executive Compensation
Department in the enclosed pre-addressed postage paid envelope.Form of employee restricted stock grant agreement

 

 

 Exhibit 10.3 

PERSONAL & CONFIDENTIAL 

RESTRICTED STOCK AWARD AGREEMENT 

Under the 

REGIONS FINANCIAL CORPORATION 2010 LONG-TERM INCENTIVE PLAN 

You have been granted an award of Restricted Stock (the “Restricted Stock” or “Award”) under the
Regions Financial Corporation 2010 Long-Term Incentive Plan (the “Plan”), the terms and conditions of which are incorporated in this document by reference as if fully set forth herein. This document sets out some of the specific terms of
your Award and constitutes the Award Agreement required by the Plan. You should retain it for future reference. You should also pay particular attention to the Plan and its prospectus since they set forth other provisions applicable to your
Restricted Stock. References to defined terms in the Plan are capitalized in this Award Agreement. The prospectus for the Plan and the Plan document itself provide you helpful information and explanations related to your grant. These documents are
currently obtainable by logging on to Wealthviews at https://www.wealthviews.com/rf/. You should note that in the event of any conflict or inconsistency between the provisions of this Award Agreement and the terms and conditions of the Plan, the
terms and conditions of this Award Agreement will control. 
 The number of shares of restricted stock that have
been granted to you under this Award and the date on which they become exercisable (i.e. “vest”), are set forth in the grant notice you will receive Specific information concerning your Award of Restricted Stock is currently provided to
you online through Wealthviews. Such information and the Plan and prospectus will remain available through Weathviews (or, if applicable, an appropriate substitute method). 

Unless you choose to include the value of your Restricted Stock Award in your current year tax return, there are no
current year tax implications of this grant. If you decide to include the value of the Award in your current tax return, you must file a special election, called a “Section 83(b) election” with the IRS within 30 days after the date this
Award is granted to you. If you are considering doing this, you should consult your tax Advisor. You agree that you will promptly notify the Company of any election that you make pursuant to Section 83(b) of the Internal Revenue Code.

 During the Period of Restriction your Restricted Stock will be held in the Plan in book-entry form, though
you will be the beneficial owner of the stock. Restrictions applicable to this grant are set forth in the Plan. You may request a stock certificate for vested shares after the restrictions lapse. 

During the Period of Restriction and until the shares of Restricted Stock subject to this Award vest or are forfeited, as
the case may be, you will have the right to vote these shares. However, any dividends declared on them will be paid at the time of release. If at the end of the Period of Restriction you are still employed by Regions and upon compliance with any
other applicable requirements of the Plan, such as tax payment or withholding, the restrictions will lapse and the vested number of shares will be released to you and dividends paid to you as provided in the Plan, this Award Agreement, and the grant
notice. Upon the lapse of restrictions you may elect to satisfy any federal tax withholding requirements in whole or part by having shares withheld that would otherwise be released to you, to the extent and in the manner allowed by the Plan.

 If, during the Period of Restriction, your employment with Regions is terminated for reasons other than
death, Disability, or without Cause within 24 months of a Change in Control, your Restricted Stock and accrued dividends are forfeited. In the event of termination of your employment by retirement at or after age 55 with 10 years

 
of service prior to November 30 of the calendar year of the grant, your Restricted Stock and accrued dividends will be forfeited. If you terminate employment with Regions during the Period
of Restriction due to death or Disability, any restriction periods and restrictions imposed upon your Restricted Stock will lapse and dividends will be paid. In the event of termination of your employment by retirement at or after age 55 with 10
years of service on or after November 30 of the calendar year of the grant or without Cause within 24 months of the occurrence of a Change in Control, unless otherwise specifically prohibited by applicable laws, rules or regulations, any
restriction periods and restrictions imposed upon your Restricted Stock will lapse and dividends will be paid. 

Notwithstanding anything in this Award Agreement, the Plan or the grant notice to the contrary, in no event shall the
Restricted Stock or applicable dividends under this Award vest or be settled, paid or accrued, if any such vesting, settlement, payment or accrual would be in violation of applicable law. 

By signing the grant notice for this Award, you agree and acknowledge that you accept the grant of this Award on the
terms and conditions set forth in the Plan, this Award Agreement and the grant notice. You further agree and acknowledge as follows: (1) that this Award Agreement, the Plan and the grant notice set forth the entire agreement of Regions and you
relating to the subject matter of this memorandum and supersedes and replaces all prior agreements and understandings with respect to such subject matter; (2) that Regions and you have made no agreements, representations or warranties relating
to the subject matter of this Agreement which are not set forth herein; (3) that no provision of this Award Agreement and the grant notice may be amended, modified or waived unless any such amendment, modification or waiver is authorized by the
Compensation Committee of the Board of Directors and is agreed to in writing signed by an officer of the Company actually authorized to do so, and (4) that this Award Agreement is binding on the Company’s and your successors and assigns.

 I congratulate you on your award and thank you for your service to Regions! 

REGIONS FINANCIAL CORPORATION 

By: 
 Name: O.
B. Grayson Hall, Jr. 
 Title: President and Chief Executive Officer 

 [name and address] 

[date] 
 Dear
             
 Pursuant to the terms and
conditions of the company’s 2010 Long Term Incentive Plan (the “Plan”), you have been granted a Restricted Stock Award for              shares of stock as outlined
below. 
  

					
	 Granted To:
	  		 	
			
	 Grant Date:
	  		 	
			
	 Granted:
	  		 	
			
	 Grant Price:
	  		 	Total Cost to Exercise:
			
	 Expiration Date:
	  		 	
			
	 Vesting Schedule:

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