Document:

ERISA EXCESS RETIREMENT PLAN

 Exhibit 10.8 
 2011 Amendments 
 SUNTRUST BANKS, INC. 

ERISA EXCESS RETIREMENT PLAN 

AMENDED AND RESTATED EFFECTIVE AS OF 
 January 1, 2011 

 SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 
 TABLE OF CONTENTS 

 

											
	 	  	 	  	 	  	 	  	Page	 
			
	ARTICLE 1	  	ESTABLISHMENT AND PURPOSE	  	 	1	  
			
	ARTICLE 2	  	DEFINITIONS	  	 	1	  
				
		  	2.1	  	Actuarial Equivalent or Actuarially Equivalent	  	 	2	  
				
		  	2.2	  	Affiliate	  	 	2	  
				
		  	2.3	  	Annual Compensation Limit	  	 	2	  
				
		  	2.4	  	Annuity Option	  	 	2	  
				
		  	2.5	  	Beneficiary	  	 	2	  
				
		  	2.6	  	Beneficiary Designation Form	  	 	2	  
				
		  	2.7	  	Cause	  	 	3	  
				
		  	2.8	  	Code	  	 	3	  
				
		  	2.9	  	Committee	  	 	4	  
				
		  	2.10	  	Corporation	  	 	4	  
				
		  	2.11	  	Deferred Compensation Plan	  	 	4	  
				
		  	2.12	  	Disabled or Disability	  	 	4	  
				
		  	2.13	  	ERISA	  	 	4	  
				
		  	2.14	  	Excess Benefit	  	 	4	  
					
		  		  	(a)	  	Excess Plan Participant Before 2008 Receiving Traditional Benefit	  	 	4	  
					
		  		  	(b)	  	Excess Plan Participant Before 2008 Receiving PPA Benefit	  	 	5	  
					
		  		  	(c)	  	Excess Plan Participant After 2007 Receiving Traditional Benefit	  	 	5	  
					
		  		  	(d)	  	Excess Plan Participant After 2007 Receiving PPA Benefit	  	 	5	  
					
		  		  	(e)	  	Tier 1 Participants Receiving Excess Plan Traditional Benefit	  	 	6	  
				
		  	2.15	  	Excess Plan PPA Benefit	  	 	6	  
				
		  	2.16	  	Excess Plan Traditional Benefit	  	 	7	  
				
		  	2.17	  	Frozen Excess Benefit	  	 	7	  

  
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		  	2.18	  	Grandfathered Amounts	  	 	7	  
				
		  	2.19	  	Key Employee	  	 	7	  
				
		  	2.20	  	Key Employee Delay	  	 	7	  
				
		  	2.21	  	Newly Eligible Employee	  	 	7	  
				
		  	2.22	  	Normal Retirement Date	  	 	8	  
				
		  	2.23	  	Participant	  	 	8	  
				
		  	2.24	  	Plan	  	 	8	  
				
		  	2.25	  	Plan Year	  	 	8	  
				
		  	2.26	  	PPA Benefit	  	 	8	  
				
		  	2.27	  	Retirement Plan	  	 	8	  
				
		  	2.28	  	Separation from Service or Separates from Service	  	 	8	  
				
		  	2.29	  	SERP	  	 	8	  
				
		  	2.30	  	Subsequent Deferral Election	  	 	8	  
				
		  	2.31	  	Tier 1 Participant	  	 	8	  
				
		  	2.32	  	Traditional Benefit	  	 	9	  
				
		  	2.33	  	Vested Date	  	 	9	  
			
	ARTICLE 3	  	ELIGIBILITY AND PARTICIPATION	  	 	9	  
				
		  	3.1	  	Committee Designation Prior to 2011	  	 	9	  
				
		  	3.2	  	Eligibility and Participation After 2010	  	 	9	  
				
		  	3.3	  	Committee Revocation	  	 	9	  
			
	ARTICLE 4	  	AMOUNT AND DISTRIBUTION OF EXCESS BENEFIT	  	 	10	  
				
		  	4.1	  	Amount of Excess Benefit	  	 	10	  
				
		  	4.2	  	Reductions	  	 	10	  
				
		  	4.3	  	Distributions	  	 	11	  
					
		  		  	(a)	  	Separation from Service	  	 	11	  
					
		  		  	(b)	  	Disability	  	 	11	  
				
		  	4.4	  	Key Employee Delay	  	 	11	  
				
		  	4.5	  	Distributions Upon Death	  	 	12	  
					
		  		  	(a)	  	Payment of Death Benefit	  	 	12	  
					
		  		  	(b)	  	Calculation of Pre-Retirement Death Benefit	  	 	12	  
						
		  		  		  	(1)	  	Excess Plan Participant Before 2008 Receiving Traditional Benefit	  	 	12	  
						
		  		  		  	(2)	  	Excess Plan Participant Before 2008 Receiving PPA Benefit	  	 	13	  

  
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		  		  		  	(3)	  	Excess Plan Participant After 2007 Receiving Traditional Benefit	  	 	13	  
						
		  		  		  	(4)	  	Excess Plan Participant After 2007 Receiving PPA Benefit	  	 	14	  
						
		  		  		  	(5)	  	Tier 1 Participants	  	 	14	  
				
		  	4.6	  	Form of Payment Election	  	 	14	  
					
		  		  	(a)	  	Special One-Time Elections	  	 	14	  
					
		  		  	(b)	  	Initial Distribution Election for Newly Eligible Employee	  	 	15	  
				
		  	4.7	  	Subsequent Deferral Election	  	 	15	  
				
		  	4.8	  	Permitted Form of Payment Options	  	 	16	  
				
		  	4.9	  	Effect of Early Taxation	  	 	17	  
				
		  	4.10	  	Separation Before Vested Date	  	 	17	  
			
	ARTICLE 5	  	FORFEITURE	  	 	17	  
			
	ARTICLE 6	  	SOURCE OF BENEFIT PAYMENTS	  	 	17	  
			
	ARTICLE 7	  	NOT A CONTRACT OF EMPLOYMENT	  	 	18	  
			
	ARTICLE 8	  	NO ALIENATION OR ASSIGNMENT	  	 	18	  
			
	ARTICLE 9	  	ERISA	  	 	18	  
			
	ARTICLE 10	  	AMENDMENT AND TERMINATION	  	 	18	  
				
		  	10.1	  	Amendment or Termination	  	 	18	  
				
		  	10.2	  	Effect of Amendment or Termination	  	 	19	  
			
	ARTICLE 11	  	ADMINISTRATION	  	 	19	  
				
		  	11.1	  	General Administration	  	 	19	  
				
		  	11.2	  	Claims for Benefits	  	 	20	  
				
		  	11.3	  	Indemnification	  	 	20	  
			
	ARTICLE 12	  	MISCELLANEOUS	  	 	20	  
				
		  	12.1	  	Applicable Law	  	 	20	  
				
		  	12.2	  	Incapacity of Recipient	  	 	20	  
				
		  	12.3	  	Taxes	  	 	21	  
				
		  	12.4	  	Binding Effect	  	 	21	  
				
		  	12.5	  	Unclaimed Benefits	  	 	21	  
				
		  	12.6	  	Severability	  	 	21	  
				
		  	12.7	  	Construction	  	 	21	  
				
		  	12.8	  	Regulatory Requirements	  	 	22	  

  
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	APPENDIX A	  	Tier 1 Participants	  	 	A-1	  
			
	APPENDIX B	  	Grandfathered Amounts	  	 	B-1	  
			
	APPENDIX C	  	Salary Shares Included as Base Salary	  	 	C-1	  

  
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 SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 
 AMENDED AND RESTATED 

AS OF January 1, 2010 

ARTICLE 1 
 Establishment
and Purpose 
 SunTrust Banks, Inc. (the “Corporation”) hereby amends and restates the SunTrust Banks, Inc. ERISA Excess
Retirement Plan (the “Plan”), effective as of January 1, 2010. This Plan was originally effective as of August 13, 1996. The purpose of this Plan is to restore to certain executives of the Corporation and its Affiliates those
retirement benefits that cannot be paid from the SunTrust Banks, Inc. Retirement Plan (“Retirement Plan”) as a result of the limitations imposed by sections 401(a)(17) and 415 of the Internal Revenue Code of 1986, as amended
(“Code”). 
 The Plan is amended and restated in this document, effective as of January 1, 2010. It is intended to comply
with Code section 409A and official guidance issued thereunder (except with respect to amounts covered by Appendix B). Notwithstanding anything herein to the contrary, this Plan shall be interpreted, operated and administered in a manner
consistent with this intention. 
 ARTICLE 2 
 Definitions 
 All capitalized terms used in this Plan and not defined in this document (including an Appendix)
shall have the same meaning as in the Corporation’s Retirement Plan, as amended from time to time. The following capitalized terms will have the meanings set forth in this Article 2 whenever such capitalized terms are used throughout this Plan:

  
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	2.1	Actuarial Equivalent or Actuarially Equivalent means a form of benefit payment having an equivalent value computed in accordance with the actuarial assumptions then
in effect under the Retirement Plan for determining the value of such form of payment. 

  

	2.2	Affiliate means as of any date any organization which is a member of a controlled group of corporations (within the meaning of Code section 414(b) which includes the
Corporation or a controlled group of trades or businesses (within the meaning of Code section 414(c)) which includes the Corporation. 

  

	2.3	Annual Compensation Limit means the maximum Compensation that may be used for a Plan Year under the Plan to compute a Participant’s Excess Benefit. For Plan Years
prior to 2006, the Annual Compensation Limit shall be $300,000. Effective for Plan Years beginning on and after January 1, 2006, for any Participant who retires or terminates employment with the Corporation and its Affiliates after
December 31, 2005, unless otherwise excepted by the Committee for a Tier 1 Participant, the Annual Compensation Limit shall be two (2) times the annual compensation limit for qualified plans under Code section 401(a)(17), as adjusted
annually for increases in the cost-of-living. 

  

	2.4	Annuity Option means one of the Actuarially Equivalent annuity forms set forth in Section 4.8(b). 

 

	2.5	Beneficiary means one or more persons or entities entitled to receive any benefits payable under this Plan at the Participant’s death. A Participant may name one or
more primary Beneficiaries and one or more secondary Beneficiaries. A Participant may revoke a Beneficiary designation by filing a new Beneficiary Designation Form or a written revocation with the Committee. If the Committee is not in receipt of a
properly completed Beneficiary Designation Form at the Participant’s death, or if none of the Beneficiaries named by the Participant survives the Participant or is in existence at the date of the Participant’s death, then the
Participant’s Beneficiary shall be the Participant’s estate. 

  

	2.6	Beneficiary Designation Form means the form that a Participant uses to name his Beneficiary or Beneficiaries for purposes of this Plan. 

  
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	2.7	Cause means for purposes of this Plan and as determined by the Committee, in its sole discretion, one or more of the following actions that serves as the primary reason(s)
for the termination of the Participant’s employment with the Corporation or an Affiliate: 

(a)      the Participant’s willful and continued failure to perform his job duties in a satisfactory manner
after written notice from the Corporation to Participant and a thirty (30) day period in which to cure such failure; 

(b)      the Participant’s conviction of a felony or engagement in a dishonest act, misappropriation of funds,
embezzlement, criminal conduct or common law fraud; 
 (c)      the Participant’s material violation of
the Code of Business Conduct and Ethics of the Corporation or the Code of Conduct of an Affiliate; 

(d)      the Participant’s engagement in an act that materially damages or materially prejudices the Corporation
or an Affiliate or the Participant’s engagement in activities materially damaging to the property, business or reputation of the Corporation or an Affiliate; or 
 (e)      the Participant’s failure and refusal to comply in any material respect with the current and any future amended policies, standards and regulations of the Corporation,
any Affiliate and their regulatory agencies, if such failure continues after written notice from the Corporation to the Participant and a thirty (30) day period in which to cure such failure, or the determination by any such governing agency
that the Participant may no longer serve as an officer of the Corporation or an Affiliate. 
 Notwithstanding anything herein to the
contrary, if a Participant is subject to the terms of a change in control agreement with the Corporation (the “Change in Control Agreement”) at the time of his termination of employment with the Corporation or an Affiliate, solely for
purposes of such Participant’s benefits under the Plan, “Cause” shall have the meaning provided in the Change in Control Agreement. 
  

	2.8	Code means the Internal Revenue Code of 1986, as amended. 

  
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	2.9	Committee means the Compensation Committee of the Board of Directors of the Corporation. 

 

	2.10	Corporation means SunTrust Banks, Inc. or any successor thereto. 

  

	2.11	Deferred Compensation Plan means the SunTrust Banks, Inc. Deferred Compensation Plan, as in effect from time to time, or its successor plan. 

 

	2.12	Disabled or Disability means a Participant is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the
Participant’s employer and, in addition, has begun to receive benefits under the Corporation’s Long-Term Disability Plan. 

  

	2.13	ERISA means the Employee Retirement Income Security Act of 1974, as amended. 

 

	2.14	Excess Benefit means as of any date the benefit calculated under this Plan as the excess of the amount the Participant would have received under the Retirement Plan, from
the date of his participation in this Plan, had no federal tax code restrictions applied to the calculation of his Retirement Plan benefit, but applying the Annual Compensation Limit and subtracting the actual benefit the Participant is eligible to
receive from the Retirement Plan. The Excess Benefit is determined in accordance with the following rules for different categories of Participants. 

 (a)      Excess Plan Participant Before 2008 Receiving Traditional Benefit. A Participant in this Plan with an accrued Excess Benefit at December 31, 2007, who accrues a
benefit under the Retirement Plan after 2007 under the Traditional Benefit formula has an Excess Benefit in this Plan equal to the sum of: 
  

	 	(1)	his Frozen Excess Benefit, plus 

  

	 	(2)	his Excess Plan Traditional Benefit. 

  
 4 

 The Excess Plan Traditional Benefit is calculated using actual service and base salary (or benefits
base), if applicable, each as recognized under the terms of the Retirement Plan. 
 (b)      Excess Plan
Participant Before 2008 Receiving PPA Benefit. A Participant in this Plan with an accrued Excess Benefit at December 31, 2007, who accrues a benefit under the Retirement Plan after 2007 under the PPA Benefit formula has an Excess Benefit in
this Plan equal to the sum of: 
  

	 	(1)	his Frozen Excess Benefit, plus 

	 	(2)	his Excess Plan PPA Benefit beginning January 1, 2008. 

 Notwithstanding anything in the Retirement Plan to the contrary, for purposes of this Section 2.14(b), a Participant who is named on Appendix C and who would otherwise have PPA Compensation in the 2010
or 2011 Plan Year, as applicable, that is less than the Annual Compensation Limit shall include the dollar amount set forth by the Participant’s name for the applicable Plan Year in Appendix C as PPA Compensation for 2010 or 2011, up to
the Annual Compensation Limit for that Plan Year. Such dollar amount represents the value of “salary shares” that the Committee has denominated as part of each such Participant’s 2010 or 2011 base salary, respectively, to be used in
calculating benefits under this Plan. 
 (c)      Excess Plan Participant After 2007 Receiving
Traditional Benefit. A Participant who enters this Plan after 2007 and who accrues a benefit under the Retirement Plan after 2007 under the Traditional Benefit formula has an Excess Benefit based on the Traditional Benefit formula beginning on
the date of the Participant’s commencement of participation in this Plan. The Excess Benefit and the offset Retirement Plan benefit will be calculated using the Participant’s actual service earned beginning on the date of participation in
this Plan and base salary (or benefits base, if applicable) earned both before and after the date of participation in this Plan. 

(d)      Excess Plan Participant After 2007 Receiving PPA Benefit. A Participant who enters this Plan after
2007 and who accrues a benefit under the Retirement Plan 

  
 5 

 
after 2007 under the PPA Benefit formula has an Excess Plan PPA Benefit based on pay credits earned beginning on the date of the Participant’s commencement of participation in this Plan and
total years of vesting service with the Corporation and its Affiliates earned before, during and after participation in this Plan. The PPA Benefit offset which is used to calculate the Excess Plan PPA Benefit is also calculated using pay credits
earned beginning on the date of participation in this Plan and total years of vesting service. Notwithstanding anything in the Retirement Plan to the contrary, for purposes of this Section 2.14(d), a Participant who is named on Appendix
C and who would otherwise have PPA Compensation in the 2010 or 2011 Plan Year, as applicable that is less than the Annual Compensation Limit shall include the dollar amount set forth by the Participant’s name for the applicable year in
Appendix C as PPA Compensation for 2010 or 2011 up to the Annual Compensation Limit for that Plan Year. Such dollar amount represents the value of “salary shares” that the Committee has denominated as part of each such
Participant’s 2010 or 2011 base salary, respectively, to be used in calculating benefits under this Plan. 
 (e)
      Tier 1 Participant Receiving Excess Plan Traditional Benefit. A Tier 1 Participant who began participating in this Plan before 2008 and who accrues benefits under the Traditional Benefit formula under the
Retirement Plan after 2007 has an Excess Benefit in this Plan based on the sum of the following: 
  

	 	 (1)	his Frozen Excess Benefit, plus 

  

	 	 (2)	his Excess Plan Traditional Benefit (adjusted, if applicable, for future pay increases). 

 The Excess Plan Traditional Benefit is calculated using actual service and base salary (or benefits base), if applicable. The Annual Compensation Limit does not apply to Tier 1 Participants. 

 

	2.15	Excess Plan PPA Benefit means the Excess Benefit calculated under this Plan for periods of participation after the later of: (a) the date a Participant becomes
eligible to participate in this Plan; or (b) December 31, 2007, for a Participant whose Retirement Plan benefit accruing after such date is based on the PPA Benefit formula. 

  
 6 

	2.16	Excess Plan Traditional Benefit means the Excess Benefit calculated under this Plan for periods of participation after the later of: (a) the date a Participant
becomes eligible to participate in this Plan; or (b) December 31, 2007, for a Participant whose Retirement Plan benefit accruing after such date is based on the Traditional Benefit formula. 

 

	2.17	Frozen Excess Benefit means the Participant’s accrued benefit under this Plan as of December 31, 2007, based on the applicable formula under the Retirement Plan
as of that date, and which, if the formula so provides, will be increased by future pay increases after 2007. 

  

	2.18	Grandfathered Amounts mean Plan benefits that were earned and vested as of December 31, 2004 within the meaning of Code section 409A and pursuant to the terms of the
Plan in effect on October 3, 2004. Grandfathered Amounts are exempt from Code section 409A and subject to the distribution rules in effect under the Plan on October 3, 2004 and summarized in Appendix B. 

 

	2.19	Key Employee means an employee treated as a “specified employee” as of his Separation from Service under Code section 409A(a)(2)(B)(i) (i.e., a key employee (as
defined in Code section 416(i) without regard to section (5) thereof)) if the common stock of the Corporation or an Affiliate is publicly traded on an established securities market or otherwise. Key Employees shall be determined in accordance
with Code section 409A using a December 31 identification date. A listing of Key Employees as of an identification date shall be effective for the twelve (12) month period beginning on the April 1 following the identification date.

  

	2.20	Key Employee Delay means the period of delay in distribution set forth in Section 4.4. 

 

	2.21	Newly Eligible Employee means an executive employed by the Corporation or an Affiliate who first meets the criteria for participation in the Plan on or after
January 1, 2010, provided that an executive who has worked for the Corporation or an Affiliate prior to such date will only qualify as a “Newly Eligible Employee” if he meets the requirements of Treas. Reg. § 1.409A-2(a)(7)(ii)
or any successor thereto. 

  
 7 

	2.22	Normal Retirement Date means for each Participant, his “normal retirement date” under the Retirement Plan, which is the later of five (5) Years of Vesting
Service or attainment of age sixty-five (65). 

  

	2.23	Participant means each executive of the Corporation or an Affiliate described in Article 3. 

 

	2.24	Plan means this SunTrust Banks, Inc. ERISA Excess Retirement Plan, as amended from time to time. 

 

	2.25	Plan Year means the calendar year. 

  

	2.26	PPA Benefit means the benefit under the Retirement Plan effective January 1, 2008 that is based on a cash balance formula providing pay credits and interest credits
to a Personal Pension Account. 

  

	2.27	Retirement Plan means either the SunTrust Banks, Inc. Retirement Plan or the SunTrust Banks, Inc. Retirement Plan for Inactive Participants, in which the Participant has
an accrued benefit, as such plan is amended and restated from time to time, and any successor plan. 

  

	2.28	Separation from Service or Separates from Service means a “separation from service” within the meaning of Code section 409A. 

 

	2.29	SERP means the SunTrust Banks, Inc. Supplemental Executive Retirement Plan, as amended and restated effective as of January 1, 2009, and as subsequently amended, or
its successor. 

  

	2.30	Subsequent Deferral Election means an election to change the form of payment of a Participant’s benefit under the Plan pursuant to Section 4.7.

  

	2.31	Tier 1 Participant means each Participant listed on Appendix A. 

  
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	2.32	Traditional Benefit means the traditional defined benefit calculated under the Retirement Plan effective January 1, 2008, that is based on the 1% times base pay
formula. 

  

	2.33	Vested Date means the date a Participant becomes vested in his benefit under the Retirement Plan. 

ARTICLE 3 
 Eligibility and
Participation 
  

	3.1	Committee Designation Prior to 2011. Prior to 2011, each executive of the Corporation or an Affiliate who is designated by the Committee as eligible for Excess Benefits
under this Plan will become a Participant in this Plan and will remain a Participant until all such benefits are paid to or on behalf of such Participant in accordance with Article 4 or forfeited in accordance with Article 5.

  

	3.2	 Eligibility and Participation After 2010. Each executive of the Corporation or an Affiliate who is in Grade 54 or higher shall be eligible to participate
and accrue benefits in the Plan on the latest to occur of: (a) January 1, 2011, (b) the first day of the month following the executive’s completion of one Year of Vesting Service, (c) if the executive attains Grade 54 or higher
on or prior to May 31, 2011, the first day of the month following the executive’s attainment of Grade 54 or higher or (d) if the executive attains Grade 54 or higher after May 31, 2011, the January 1st following the calendar year in which the executive attains Grade 54 or higher.

  

	3.3	Committee Revocation. The Committee in its absolute discretion may revoke an executive’s right to participate in the Plan at any time but no such revocation shall be
applied retroactively to deprive an individual of benefits accrued under this Plan to the date of such revocation. 

  
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 ARTICLE 4 
 Amount and Distribution 
 of Excess Benefit 

The distribution provisions of this Article 4 shall apply only to amounts subject to Code section 409A. Distribution rules applicable to the Grandfathered Amounts
are summarized in Appendix B. 
  

	4.1	Amount of Excess Benefit. If a Participant terminates employment with the Corporation and all Affiliates on or after such Participant’s Vested Date, such
Participant’s Excess Benefit shall be determined as a lump sum amount as follows: (a) the Excess Plan PPA Benefit, if any, will be determined as of the date he or she terminates employment, and (b) the Excess Plan Traditional Benefit,
if any, will be determined as a lump sum that is the Actuarially Equivalent of the single life annuity payable as of the later of the date he or she terminates employment or attains age fifty-five (55) (taking into account the reductions under
Section 4.2 if the Participant terminates before his or her Normal Retirement Date). If any portion of the Excess Benefit is payable after the date of a Participant’s Separation from Service pursuant to Section 4.3(a) (including as a
result of the Key Employee Delay), interest shall accrue from the date of determination on such portion in the same manner and at the same rate as would accrue on the Personal Pension Account under the Retirement Plan until such amount is paid or
commences under this Article 4. 

  

	4.2	Reductions. The Excess Plan Traditional Benefit portion of the Excess Benefit, if any, payable to a Participant before his or her Normal Retirement Date will be determined
as if such Participant’s benefit under the Retirement Plan was payable as of the later of the date he or she terminates employment or attains age fifty-five (55) taking into account applicable early commencement reduction factors as used
under the Retirement Plan. 

  
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	4.3	Distributions. Subject to Section 4.4 and absent any effective elections under Section 4.6 or 4.7, the Actuarially Equivalent present value of a
Participant’s vested Excess Benefit shall be distributed, as set forth below, in a lump sum payment upon the earlier of: (i) the date a Participant becomes Disabled; or (ii) the date a Participant Separates from Service.

 (a)      Separation from Service. In the event the Participant’s Separation
from Service occurs first: 
  

	 	(1)	Except as provided in Section 4.3(a)(3), if such Separation from Service occurs prior to the Participant’s attainment of age fifty-five (55), payment shall be made in
the second month after the date the Participant attains age fifty-five (55); or 

  

	 	(2)	Except as provided in Section 4.3(a)(3), if such Separation from Service occurs on or after the Participant’s attainment of age fifty-five (55), payment shall be made
in the second month after the Participant Separates from Service; and 

  

	 	(3)	If the Participant first becomes eligible to participate in the Plan on or after January 1, 2011, payment shall be made in the second month after the Participant Separates
from Service. 

 (b)      Disability. In the event a Participant’s Disability occurs
first, payment shall be made in the month after the date the Participant attains age sixty-five (65). 
  

	4.4	Key Employee Delay. Notwithstanding anything herein to the contrary, in the event that a Participant is a Key Employee as of the date of his or her Separation from
Service, any distributions to such Participant upon his or her Separation from Service shall not commence earlier than six (6) months following the date of such Separation from Service (or, if earlier, the date of the Participant’s death)
(the “Key Employee Delay”). Amounts payable to the Participant during such period of delay shall be accumulated and paid in the seventh month following the Participant’s Separation from Service (or, if earlier, in the month after the
Participant’s death). 

  
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	4.5	Distributions Upon Death. 

(a)      Payment of Death Benefit. Notwithstanding any provision in the Plan to the contrary, in the event of
the death of the Participant after his or her Vested Date and before any benefit payments under the Plan have been made to the Participant, the amount of the pre-retirement death benefit determined below in Section 4.5(b) will be distributed to
the Participant’s Beneficiary in a lump sum in the month after the date of the Participant’s death (provided that any payments that would occur before such month shall be paid as scheduled). In the event of the death of the Participant
after any benefit payments have been made in a form elected by the Participant under Sections 4.6 or 4.7, death benefits under the Plan will be payable to the Participant’s Beneficiary only to the extent provided under the form of distribution
elected by the Participant. 
 (b)      Calculation of Pre-Retirement Death Benefit. Effective
January 1, 2008, for all Participants who are vested and die before receiving any benefit payments under this Plan, the survivor benefit payable under this Plan based on the Excess Benefit other than Grandfathered Amounts shall be determined as
follows: 
  

	 	(1)	 Excess Plan Participant Before 2008 Receiving Traditional Benefit. The pre-retirement death benefit a the Participant described in Section 2.14(a) is
a lump sum equal to the Actuarial Equivalent of the monthly Excess Benefit which would have been payable to the Participant’s Beneficiary under a 50% joint and survivor annuity (a 100% joint and survivor annuity if the Participant began
participating in this Plan before August 13, 1996 or if the Participant is an active employee of the Corporation or an Affiliate on or after October 1, 2010), as if the Participant had terminated immediately prior to death; provided,
however, any increase in the survivor benefit attributable to the amendment of this section changing the benefit from a 50% to a 100% joint and survivor annuity is subject to Code section 409A and shall be paid in accordance with
Section 4.5(a). If the benefit is payable before the Participant would have reached age sixty-five (65), it is reduced for early commencement in 

  
 12 

	 	
the same manner as determined under the Retirement Plan for early retirement. 

  

	 	(2)	Excess Plan Participant Before 2008 Receiving PPA Benefit. The pre-retirement death benefit for a Participant described in Section 2.14(b) is the sum of two lump
sums. The first lump sum is equal to the Actuarial Equivalent of the monthly Frozen Excess Benefit which would have been payable to the Participant’s Beneficiary under a 50% joint and survivor annuity (a 100% joint and survivor annuity if the
Participant began participating in this Plan before August 13, 1996 or if the Participant is an active employee of the Corporation or an Affiliate on or after October 1, 2010), as if the Participant had terminated immediately prior to
death; provided, however, any increase in the survivor benefit attributable to the amendment of this section changing the benefit from a 50% to a 100% joint and survivor annuity is subject to Code section 409A and shall be paid in accordance with
Section 4.5(a). The second lump sum is 100% of the Participant’s Excess Plan PPA Benefit. If the benefit is payable before the Participant would have reached age sixty-five (65), the Frozen Excess Benefit is reduced for early commencement
in the same manner as determined under the Retirement Plan for early retirement. The Excess Plan PPA Benefit is not reduced for early commencement. 

  

	 	(3)	 Excess Plan Participant After 2007 Receiving Traditional Benefit. The pre-retirement death benefit for a Participant described in Section 2.14(c) is
a lump sum equal to the Actuarial Equivalent of the monthly Excess Benefit which would have been payable to the Participant’s Beneficiary under a 50% joint and survivor annuity (a 100% joint and survivor annuity if the Participant is an active
employee of the Corporation or an Affiliate on or after October 1, 2010), as if the Participant had terminated immediately prior to death; provided, however, any increase in the survivor benefit attributable to the amendment of this section
changing the benefit from a 50% to a 100% joint and survivor annuity is subject to Code section 409A and shall be paid in accordance with Section 4.5(a). If the benefit is payable before the Participant would have

  
 13 

	 	
reached age sixty-five (65), it is reduced for early commencement in the same manner as determined under the Retirement Plan for early retirement. 

 

	 	(4)	Excess Plan Participant After 2007 Receiving PPA Benefit. The pre-retirement death benefit for a Participant described in Section 2.14(d) is equal to 100% of the
Excess Plan PPA Benefit. The Excess Plan PPA Benefit is not reduced for early commencement. 

  

	 	(5)	Tier 1 Participants. The pre-retirement death benefit for a Participant described in Section 2.14(e) is a lump sum equal to the Actuarial Equivalent of the monthly
Excess Benefit which would have been payable to the Participant’s Beneficiary under: (i) a 100% joint and survivor annuity, if the Participant began participating in this Plan before August 13, 1996; or (ii) a 100% joint and
survivor annuity for the Frozen Excess Benefit accrued through December 31, 2007 and a 50% joint and survivor annuity for any portion of the Excess Benefit accrued after 2007, if the Participant was a Crestar Rule of 60 Grandfathered
Participant (as defined in the Retirement Plan), or (iii) a 50% joint and survivor annuity (a 100% joint and survivor annuity if the Participant is an active employee of the Corporation or an Affiliate on or after October 1, 2010); as if
the Participant had terminated immediately prior to death; provided, however, any increase in the survivor benefit attributable to the amendment of this section changing the benefit from a 50% to a 100% joint and survivor annuity is subject to Code
section 409A and shall be paid in accordance with Section 4.5(a). If the benefit is payable before the Participant would have reached age sixty-five (65), it is reduced for early commencement in the same manner as determined under the
Retirement Plan for early retirement. 

  

	4.6	Form of Payment Election. 

(a)      Special One-Time Election. Notwithstanding any prior elections or Plan provisions to the contrary, a
Participant who was an employee of the Corporation and its 

  
 14 

 
Affiliates (including on a paid leave of absence) may have made an election to receive all or a specified portion of his or her Excess Benefit in any permitted form of payment provided in
Section 4.8(b). Any such election must have become irrevocable on or before December 31, 2008 and must have been made in accordance with the procedures and distribution rules established by the Committee and rules under Code section 409A.
If elected, any benefit paid in a form other than a life only annuity shall be Actuarially Equivalent to the life only annuity benefit that would have been paid to such Participant. 

(b)      Initial Distribution Election for Newly Eligible Employee. Effective January 1, 2011, if an
individual becomes a Newly Eligible Employee, the Committee, or its delegate, has the sole discretion to determine whether such individual may file an initial distribution election for the Excess Benefit under the Plan. Under certain limited
circumstances, the Newly Eligible Employee may elect (i) the time of payment and/or (ii) the form of payment (from among the forms provided in Section 4.8(b)) for the payment of the Excess Benefit in accordance with the procedures
established by the Committee and set forth in the election form, provided such election is delivered to the Committee no later than thirty (30) days after the first day of the calendar year immediately following the first year such Newly
Eligible Employee accrues a benefit under the Plan in accordance with Treas. Reg. § 1.409A-2(a)(7)(iii). In the event of an initial distribution election under this Section 4.6(b), such election shall apply to the entire Excess
Benefit under the Plan. Notwithstanding the foregoing, this Section 4.6(b) shall not apply to a Newly Eligible Employee who (1) is receiving salary shares in the first year he accrues a benefit under the Plan, or (2) terminates from
employment with the Corporation and its Affiliates prior to making an election under this section. 
  

	4.7	Subsequent Deferral Election. A Participant may make a Subsequent Deferral Election on or after January 1, 2009 in accordance with the procedures and distribution
rules established by the Committee. An election under this Section 4.7 shall become irrevocable on the date the election is filed with the Committee, or its delegate, and any election to change the time or form of a distribution shall be
effective only if the following conditions are satisfied: 

  
 15 

 (a)      The election may not take effect until at least twelve
(12) months after the date on which the election is made; 
 (b)      In the case of an election to
change the time or form of a distribution under Section 4.3, a distribution may not be made earlier than at least five (5) years from the date the distribution would have otherwise been made; and 

(c)      In the case of an election to change the time or form of a distribution related to a payment at a specified
time or pursuant to a fixed schedule, the election must be made at least twelve (12) months before the date the distribution is scheduled to be paid. 
 Any election (including changes solely among the Annuity Options) with respect to the form of payment under the Plan after the Participant’s third Subsequent Deferral Election shall be null and void and have
no force or effect. Notwithstanding anything herein to the contrary, a Subsequent Deferral Election solely to change the form of payment from one Annuity Option to another Annuity Option listed in Section 4.8(b) shall not be subject to the
conditions set forth in Sections 4.7(a)-(c) above. In the event any portion of the Excess Benefit is ultimately payable in a lump sum after the Participant made one or more Subsequent Deferral Elections under this Section 4.7, interest
shall accrue on such portion during the period commencing on the Participant’s Separation from Service and ending on the date of payment at the same rate as would accrue on the Personal Pension Account under the Retirement Plan until such
amount is paid or commences under this Article 4. 
  

	4.8	Permitted Form of Payment Options. Subject to the requirements of Sections 4.4, 4.6 and 4.7, the Participant may elect the manner in which his or her vested Excess Benefit
shall be paid from between the following options: 

 (a)      Lump sum; or 

(b)      One of the following Annuity Options the payments under which shall be determined as the Actuarial
Equivalent of the single life annuity: 
  

	 	(1)	Single life annuity; 

  
 16 

	 	(2)	50% joint and survivor annuity; 

	 	(3)	75% joint and survivor annuity; 

	 	(4)	100% joint and survivor annuity; 

	 	(5)	10-Year Certain and Life; or 

	 	(6)	20-Year Certain and Life. 

  

	4.9	Effect of Early Taxation. If the Participant’s benefits under the Plan are includible in income pursuant to Code section 409A, such benefits shall be distributed
immediately to the Participant. 

  

	4.10	Separation Before Vested Date. Notwithstanding anything herein to the contrary, no benefit will be payable to or on behalf of a Participant who terminates employment with
the Corporation and all Affiliates before his Vested Date. 

 ARTICLE 5 

Forfeiture 
 The Committee, in its sole
discretion, may make any payments under this Plan subject to forfeiture on such terms and conditions as the Committee deems appropriate under the circumstances to protect the interests of the Corporation. Further, if the Participant is terminated
from employment with the Corporation or one of its Affiliates for Cause, the Committee in its discretion may forfeit entirely any benefits payable under this Plan. Forfeiture under this Article 5 shall be in addition to any other remedies which may
be available to the Corporation or an Affiliate at law or in equity. 
 ARTICLE 6 

Source of Benefit Payments 
 All benefits
payable under the terms of this Plan shall be paid by the Corporation from its general assets. No person shall have any right or interest or claim whatsoever to the payment of a benefit under this Plan from any person whomsoever other than the
Corporation, and no Participant or Beneficiary shall have any right or interest whatsoever to the payment of a benefit 

  
 17 

 
under this Plan which is superior in any manner to the right of any other general and unsecured creditor of the Corporation. 

ARTICLE 7 
 Not a Contract
of Employment 
 Participation in this Plan does not grant to any individual the right to remain an employee of the Corporation or any Affiliate for
any specific term of employment or in any specific capacity or at any specific rate of compensation. 
 ARTICLE 8 

No Alienation or Assignment 
 A Participant, a
spouse or a Beneficiary under this Plan shall have no right or power whatsoever to alienate, commute, anticipate or otherwise assign at law or equity all or any portion of any benefit otherwise payable under this Plan, and the Corporation shall have
the right, in the event of any such action, to terminate permanently the payment of benefits to, or on behalf of, any Participant, spouse or Beneficiary who attempts to do so. 
 ARTICLE 9 
 ERISA 
 The Corporation intends that this Plan come within the various exceptions and exemptions to ERISA for a plan maintained for a “select group of management or highly compensated employees” as described in
ERISA sections 201(2), 301(a) (3), and 401(a) (1), and any ambiguities in this Plan shall be construed to affect that intent. 
 ARTICLE
10 
 Amendment and Termination 
  

	10.1	 Amendment or Termination. The Corporation reserves the right to amend or terminate the Plan when, in the sole discretion of the Corporation, such
amendment or termination is advisable, pursuant to a resolution or other action taken by the Committee. The Plan may also be amended pursuant to a written instrument executed by the Corporation’s senior most human resources officer to the
extent such amendment is required under applicable law or is required to avoid having amounts deferred under the Plan included 

  
 18 

	 	
in the income of Participants or beneficiaries for federal income tax purposes prior to distribution. 

 Notwithstanding the foregoing, no amendment of the Plan shall apply to the Grandfathered Amounts, unless the amendment specifically provides that it applies to such amounts. The purpose of this restriction is to
prevent a Plan amendment from resulting in an inadvertent “material modification” under Code section 409A to the Grandfathered Amounts. 
  

	10.2	Effect of Amendment or Termination. No amendment or termination of the Plan shall be applied retroactively to deprive a Participant of benefits accrued under this Plan to
the date of such amendment or termination. Upon termination of the Plan, distribution of Plan benefits shall be made to Participants and beneficiaries in the manner and at the time described in Article 4, unless the Corporation determines in its
sole discretion that all such amounts shall be distributed upon termination in accordance with the requirements under Code section 409A. Upon termination of the Plan, no further benefit accruals shall occur. 

ARTICLE 11 
 Administration

  

	11.1	 General Administration. The Committee shall be responsible for the operation and administration of the Plan and for carrying out the provisions hereof.
The Committee shall have the full authority and discretion to make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Plan and decide or resolve any and all questions, including interpretations of
this Plan, as may arise in connection with this Plan. Any such action taken by the Committee shall be final and conclusive on any party. To the extent the Committee has been granted discretionary authority under the Plan, the Committee’s prior
exercise of such authority shall not obligate it to exercise its authority in a like fashion thereafter. The Committee shall be entitled to rely conclusively upon all tables, valuations, certificates, opinions and reports furnished by any actuary,
accountant, controller, counsel or other person employed or engaged by the Corporation with respect to the Plan. The Committee may, from time to 

  
 19 

	 	
time, employ agents and delegate to such agents, including employees of the Corporation, such administrative or other duties as it sees fit. The Committee also shall have the power to delegate
the exercise of all or any part of such powers to such other person or persons as the Committee deems appropriate under the circumstances. 

  

	11.2	Claims for Benefits. The Committee shall adopt claims procedures in compliance with 29 C.F.R. § 2560.503-1, which shall be furnished automatically in a separate
document to the Participant, without charge, following a Participant’s request to the Committee, or its delegate. 

  

	11.3	Indemnification. The Corporation and its Affiliates (to the extent permissible under law and consistent with their charters and bylaws) shall indemnify and hold harmless
the Committee, each individual member of the Committee and any employee authorized to act on behalf of the Committee, the Corporation or any Affiliate under this Plan for any liability, loss, expense, assessment or other cost of any kind or
description whatsoever, including legal fees and expenses, which they actually incur for their acts and omissions, past, current or future, in the administration of the Plan. 

ARTICLE 12 
 Miscellaneous

  

	12.1	Applicable Law. This Plan will be construed in accordance with the laws of the State of Georgia (without regard to its choice-of-law rules) except to the extent superseded
by federal law. 

  

	12.2	 Incapacity of Recipient. If any person entitled to a distribution under the Plan is deemed by the Committee to be incapable of personally receiving and
giving a valid receipt for such payment, then, unless and until a claim for such payment shall have been made by a duly appointed guardian or other legal representative of such person, the Committee may provide for such payment or any part thereof
to be made to any other person or institution then contributing toward or providing for the care and maintenance of such person. Any such payment shall be a payment for the account of

  
 20 

	 	
such person and a complete discharge of any liability of the Corporation and the Plan with respect to the payment. 

 

	12.3	Taxes. The Corporation or other payor may withhold from a benefit payment under the Plan or a Participant’s wages in order to meet any federal, state, or local tax
withholding obligations with respect to Plan benefits. The Corporation or other payor may also accelerate and pay a portion of a Participant’s benefits in a lump sum equal to the Federal Insurance Contributions Act (“FICA”) tax
imposed and the income tax withholding related to such FICA amounts. The Corporation or other payor shall report Plan payments and other Plan-related information to the appropriate governmental agencies as required under applicable laws.

  

	12.4	Binding Effect. This Plan shall be binding upon and inure to the benefit of any successor of the Corporation and any successor shall be deemed substituted for the
Corporation under this Plan and shall assume the rights, obligations and liabilities of the Corporation hereunder and be obligated to perform the terms and conditions of this Plan. As used in this Plan, the term “successor” shall include
any person, firm, corporation or other business entity or related group of such persons, firms, corporations or business entities which at any time, whether by merger, purchase, reorganization, liquidation or otherwise, or by means of a series of
such transactions, acquires all or substantially all of the assets or business of the Corporation. 

  

	12.5	Unclaimed Benefits. Each Participant shall keep the Committee informed of his or her current address and the current address of his or her designated Beneficiary. The
Committee shall not be obligated to search for the whereabouts of any person if the location of a person is not made known to the Committee. 

  

	12.6	Severability. In the event any provision of the Plan shall be held invalid or illegal for any reason, any illegality or invalidity shall not affect the remaining parts of
the Plan, but the Plan shall be construed and enforced as if the illegal or invalid provision had never been inserted. 

  

	12.7	 Construction. The headings and subheadings in this Plan have been set forth for convenience of reference only and have no substantive effect whatsoever.
Whenever 

  
 21 

	 	
any words are used herein in the masculine, they shall be construed as though they were used in the feminine in all cases where they would so apply; and whenever any words are used herein in the
singular or in the plural, they shall be construed as though they were used in the plural or in the singular, as the case may be, in all cases where they would so apply. 

 

	12.8	Regulatory Requirements. Regulatory agencies and federal laws and regulations may impose restrictions on the Corporation and its Affiliates with respect to the payment of
compensation and benefits to certain employees who may be Participants in this Plan. These restrictions may be in the form of absolute prohibitions or penalties, which may include tax penalties on the Corporation and its Affiliates or on certain
Participants. Notwithstanding any other provision of this Plan document, the Corporation may reduce, eliminate or delay the payment of a Participant’s benefits under this Plan or may take actions that subject such benefits to monetary or tax
penalties, as determined by the Corporation in its sole discretion to be required under federal laws or regulations applicable to the Corporation and its Affiliates. In such event, neither the Corporation nor its Affiliates shall have any liability
for such reduction, elimination, delay or penalty. Any delay in payment of a Participant’s benefits under this Plan will comply with Treas. Reg. § 1.409A-2(b)(7). 

 Executed this                      day of May, 2011. 

 
  

									
	Attest:	 		 	SUNTRUST BANKS, INC.
					
	By:	 	  
	 		 	By:	 	  

		 		 		 		 	Donna D. Lange
					
	Title:	 	  
	 		 	Title:	 	  

  
 22 

 APPENDIX A 
 TO THE SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 

Tier 1 Participants 
 The following list of
Participants each shall be a Tier 1 Participant: 
  

	 	•	 	 James M. Wells III 

  
 A-1

 APPENDIX B 
 TO THE SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 

Grandfathered Amounts 
 Distribution of
Grandfathered Amounts shall be made in accordance with the Plan terms as in effect on October 3, 2004 (the “Grandfathered Terms”) and as summarized in this Appendix B. Capitalized terms used in this Appendix B, but not
defined herein, will have the same meaning as defined by the Plan in effect on October 3, 2004. 
  

	B.1	Timing and Amount. 

  

	 	(a)	Normal or Delayed Retirement Benefit. If a Participant terminates employment with the Corporation and all Affiliates on or after such Participant’s Normal Retirement
Date, the entire vested benefit, if any, to which such Participant is entitled under this Plan automatically, will be paid to such Participant in the form described in Section B.2 beginning as soon as practicable following the date such Participant
terminates employment with the Corporation and all Affiliates. 

  

	 	(b)	Early Retirement Benefit. 

  

	 	(1)	General. If a Participant terminates employment with the Corporation and all Affiliates on or after such Participant’s Vested Date but before his or her Normal
Retirement Date, such Participant’s entire vested Excess Benefit, if any, will be determined (taking into account the reductions under Section B.1(b)(2)) as of the date he or she terminates employment. The benefit automatically will be paid to
the Participant beginning as of the first day of the month coinciding with or next following the date he or she terminates employment; however, 

  

	 	(i)	if a Participant terminates employment after his or her Vested Date but before his or her earliest “early retirement date” under the Retirement Plan, payment
automatically will be made at his or her earliest “early retirement date” under the Retirement Plan, and 

  
 B-1

	 	(ii)	if a Participant is eligible for a “disability retirement benefit” (as described in the Retirement Plan), payment of his or her vested Excess Benefit automatically will
be paid or begin to be paid at the same time as his or her disability retirement benefit under the Retirement Plan. 

  

	 	(2)	Reductions. The Excess Benefit, if any, payable to a Participant before his or her Normal Retirement Date will be determined as if such Participant’s benefit under
the Retirement Plan was payable on the date as of which his or her Excess Benefit is paid under Section B.1(b)(1) taking into account applicable early commencement reduction factors under the Retirement Plan. 

 

	 	(c)	Termination Before Vested Date. No benefit will be payable to or on behalf of a Participant who terminates employment with the Corporation and all Affiliates before his or
her Vested Date. 

  

	B.2	Form of Benefit. 

  

	 	(a)	Normal Form. Except as provided in Section B.2(b), a Participant’s vested Excess Benefit will be paid in a lump sum benefit which is Actuarially Equivalent to the
benefit that would have been paid to such Participant in the form of a life only annuity. 

  

	 	(b)	Other Benefit Forms. A Participant may make a written election to have his or her entire vested Excess Benefit paid in any form of benefit available under the Retirement
Plan and such Excess Benefit shall be paid in the form specified in the Participant’s most recent election; provided, however, that such an election shall not be effective unless made at least one year before his or her Excess Benefit is paid
under this Plan. If an election is not effective, the Excess Benefit shall be paid in a lump sum. Any benefit paid in a form other than a life only annuity shall be Actuarially Equivalent to the benefit that would have been paid to such Participant
in the form of a life only annuity. 

  
 B-2

	B.3	Survivor Benefit. 

  

	 	(a)	General. If a Participant dies before he or she terminates employment with the Corporation and all Affiliates and, as a result of his or her death, a survivor benefit is
payable on behalf of such Participant under the Retirement Plan, then a survivor income benefit automatically will be payable on such deceased Participant’s behalf under this Plan to the person who is the Participant’s designated
beneficiary as specified, or, in the absence of such written designation or in its ineffectiveness, then to his or her estate. 

  

	 	(b)	Annuity Basis. 

  

	 	(1)	Exhibit A. For all Participants listed on Exhibit A under the Grandfathered Terms, the survivor benefit payable under this Plan shall be equivalent to the excess of A over
B below, where 

  

	 	A =	the monthly survivor benefit that would be payable to such spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan if the benefit
under the Retirement Plan was not limited by Code section 401(a)(17) or section 415 and the Participant had selected a 100% joint and survivor annuity which is Actuarially Equivalent to the life only annuity, and 

 

	 	B =	the monthly survivor benefit that actually would be payable to the spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan if the
benefit had been paid in a 100% joint and survivor annuity taking into account the limitations under Code section 401(a)(17) and section 415. 

  

	 	(2)	Other Participants. For all other Participants, the survivor benefit payable under this Plan shall be equivalent to the excess of A over B below, where

  
 B-3

	 	A =	the monthly survivor benefit that would be payable to such spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan if the benefit
under the Retirement Plan was not limited by Code section 401(a)(17) or section 415 and 

  

	 	B =	the monthly survivor benefit that actually would be payable to such spouse or would form the basis for the benefit payable to such beneficiary under the Retirement Plan taking
into account the limitations under Code section 401(a)(17) and section 415. 

  

	 	(3)	Reductions and Assumptions. If the survivor benefit is paid before the date the Participant would have reached his or her Normal Retirement Date, the benefit described in
this Section B.3(b) above will be reduced using the factors then in effect to reduce early retirement benefits under the Retirement Plan. Further, any survivor benefit payable under this Section B.3 shall be reduced by the Actuarial Equivalent value
of any survivor benefits payable to a Participant under a Special Survivor Benefit under the SERP. Finally, a survivor benefit payable to a non-spouse beneficiary will be calculated based on the assumption that the beneficiary is the same age as the
Participant was at his or her death. 

  

	 	(c)	Form of Benefit. The survivor benefit will be paid in a lump sum that is Actuarially Equivalent to the monthly benefit determined under Section B.3(b).

  

	 	(d)	Timing. The survivor benefit will be paid as soon as practicable after the Participant’s death. 

 

	 	(e)	No Post-Retirement Survivor Benefits. No survivor benefit will be paid on behalf of a Participant who dies after he or she begins receiving benefits under this Plan except
to the extent such survivor benefit is payable under the form of benefit being paid to the Participant at his or her death. 

  
 B-4

	B.4	Administration, Amendment and Termination. 

 The Committee
shall have all powers necessary to administer this Plan, to amend this Plan from time to time in any respect whatsoever and to terminate this Plan at any time; provided, however, that any such amendment or termination shall not be applied
retroactively to deprive a Participant of benefits accrued under this Plan to the date of such amendment or termination. The Committee also shall have the power to delegate the exercise of all or any part of such powers to such other person or
persons as the Committee deems appropriate under the circumstances. This Plan shall be binding on any successor in interest to the Corporation. 

  
 B-5

 APPENDIX C 
 TO THE SUNTRUST BANKS, INC. 
 ERISA EXCESS RETIREMENT PLAN 

Sections 2.14(b) and (d), Salary Shares Included as Base Salary 
 For purposes of calculating the Excess Benefit under Section 2.14(b) or Section 2.14(d), each Participant named in the table below who received “salary shares” in 2010 or 2011 as part of his
base salary shall have the dollar amount set forth by his name included as part of his PPA Compensation. Such dollar value shall be prorated, restricted or limited to the extent required by the terms of the Plan in calculating the Excess Benefit.
Except as provided below, the Plan shall not recognize any additional amount of, or value for, “salary shares.” 
  

					
	Name	  	 Value of
Salary Shares
 to be Included as Part of
 2010 Base Salary
	  	 Value of Salary Shares
 to be Included as Part of

2011 Base Salary

	 Mark A.
Chancy
  
	  	 $504,000

 
	  	 $140,000

 

	 David F.
Dierker
  
	  	 340,200

 
	  	 $94,950

 

	 Timothy E.
Sullivan
  
	  	 438,442

 
	  	 $121,790

 

	 Thomas E.
Freeman
  
	  	 427,500

 
	  	 $118,750

 

	 Raymond D.
Fortin
  
	  	 340,200

 
	  	 $94,950

 

  
 C-1RESTORATION PLAN

 Exhibit 10.9 

2011 Amendments 

SUNTRUST RESTORATION PLAN 
 Amended and Restated Effective May 31, 2011 

  
 1 

 SUNTRUST RESTORATION PLAN 

(Effective May 31, 2011) 
 The SunTrust Restoration Plan was adopted effective January 1, 2011 by SunTrust Banks, Inc. to provide supplemental retirement benefits to Eligible Employees pursuant to the terms and provisions set
forth below. The Plan is amended and restated effective May 31, 2011. 
 The Plan is intended (1) to comply with Code
section 409A and official guidance issued thereunder, and (2) to be “a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly
compensated employees” within the meaning of sections 201(2), 301(a)(3) and 401(a)(1) of ERISA. Notwithstanding any other provision of this Plan, this Plan shall be interpreted, operated and administered in a manner consistent with these
intentions. 
 ARTICLE I 
 DEFINITIONS 
 All capitalized terms used in this Plan and not defined in
this document shall have the same meaning as in the Qualified Plan. Wherever used herein, the following terms shall have the meanings hereinafter set forth: 
 “Account” means the bookkeeping account established by the Company for each Participant in the Plan. A Participant’s Account shall be utilized solely as a device for the
determination and measurement of the amount of the Restoration Benefit to be paid to the Participant pursuant to this Plan. A Participant’s Account shall not constitute or be treated as a trust fund of any kind. 

“Affiliate” means any corporation or other entity that is treated as a single employer with the Company under section
414 of the Code. 
 “Annual Compensation Limit” means the limit equal to the product of two (2) times the
limit under Code section 401(a)(17) in effect for the Plan Year. 
 “Annuity Option” means one of the Actuarial
Equivalent annuity forms set forth in Section 4.6(b). 
 “Benefit Commencement Date” means the date a
Participant (or his beneficiary in the case of death) is first scheduled to receive a payment of the Restoration Benefit accrued under the Plan. 
 “CEO” means the Chief Executive Officer of the Company. 

“Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Compensation Committee of the Company’s Board of Directors or such other committee as may be
appointed by the Board of Directors from time to time. 
 “Company” means SunTrust Banks, Inc. or any successor
corporation or other entity. 
 “Compensation” means the amount an Eligible Employee’s compensation for a
Plan Year determined as the difference between (1) the Eligible Employee’s PPA Compensation for the Plan Year but determined without regard to the limitation imposed under Code section 401(a)(17), minus (2) the Annual Compensation
Limit for such Plan Year. Notwithstanding the foregoing, during a Newly Hired Eligible Employee’s first year of participation in the Plan, the amount of Compensation shall be determined under subsection (1) of the immediately preceding
sentence without regard to the Annual Compensation Limit. The Plan will not prorate the Annual Compensation Limit for a Participant who participates in the Plan for less than a full Plan Year. 

“Crediting Period” means the applicable semi-monthly period from the first day of a calendar month through the 15th of
the month, or from the 16th of the month through the last day of the month. 

  
 1 

 “Date of Hire” means the date of an Employee’s first day of active
employment with the Company or an Affiliate. 
 “Disabled” means a Participant is, by reason of any medically
determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under
an accident and health plan covering employees of the Participant’s employer and, in addition, has begun to receive benefits under SunTrust’s Long-Term Disability Plan. The Participant will not be entitled to disability benefits under
Section 3.4 if his impairment was caused by military service; an act of war, riot or civil insurrection; or employment with or service for any entity other than the Company or an Affiliate. 

“Eligible Employee” means an Employee, generally, in Grade 57 or higher, who is recommended by the CEO, and who is
approved by the Committee for participation in the Plan. The approval of the Committee regarding whether an Employee is an Eligible Employee shall be final and binding for all Plan purposes. 

“Employee” means an individual who is a regular employee on the U.S. payroll of the Company or its Affiliates. The term
“Employee” shall not include a person hired as an independent contractor, leased employee, consultant, or a person otherwise designated by the Company or an Affiliate as not eligible to participate in the Plan, even if such person is
determined to be an “employee” of the Company or an Affiliate by any governmental or judicial authority. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

“Initial Distribution Election” means an initial distribution election regarding the form of payment of a
Particiapnt’s Restoration Benefit pursuant to Section 4.5(a). 
 “Interest Credits” mean the credits
made to Participants’ Accounts, as such term is defined in Section 3.3. 
 “Key Employee” means an
Employee treated as a “specified employee” as of his Separation from Service under Code section 409A(a)(2)(B)(i) (i.e., a key employee (as defined in Code section 416(i) without regard to section (5) thereof)) if the common
stock of the Company or an Affiliate is publicly traded on an established securities market or otherwise. Key Employees shall be determined in accordance with Code section 409A using a December 31 identification date. A listing of Key Employees
as of an identification date shall be effective for the twelve (12) month period beginning on the April 1 following the identification date. 
 “Newly Hired Eligible Employee” means an individual who is hired by the Company or an Affiliate, who is not a current or former Employee and who meets the criteria for an Eligible
Employee on his Date of Hire. 
 “Participant” means an Eligible Employee with an accrued benefit under the
Plan. 
 “Pay Credits” mean the credits made to Participants’ Accounts, as such term is defined in
Section 3.2. 
 “Plan” means the SunTrust Restoration Plan, as set forth herein and as amended from time
to time. 
 “Plan Administrator” means the party responsible for administering the Plan, or its delegate, as
provided in Section 5.1. 
 “Plan Year” means the calendar year. 

“Qualified Plan” means the SunTrust Banks, Inc. Retirement Plan, as amended and restated from time to time, and any
successor plan. 
 “Restoration Benefit” means the benefit defined in Article III. 

  
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 “Separation from Service” or “Separates from Service”
means a “separation from service” within the meaning of Code section 409A. 
 “Subsequent Distribution
Election” means an election to change the time or form of payment of a Participant’s Restoration Benefit pursuant to Section 4.5(b). 
 “Vested Date” means the date a Participant becomes 100% vested in his Restoration Benefit, as such term is defined in Section 3.5. 

“Vesting Service” means a Participant’s whole and partial “Years of Vesting Service,” as defined in the
Qualified Plan. If a Participant became an Eligible Employee in connection with a corporate merger or acquisition, the Plan Administrator shall determine upon the date such Participant becomes an Eligible Employee to what extent, if any, such
Participant’s service with the predecessor employer shall be included as Vesting Service under this Plan. 
 ARTICLE II

 PARTICIPATION 
 Participation in the Plan shall be limited to Eligible Employees. The Plan Administrator, or its delegate, shall notify any Employee of his status as an Eligible Employee at such time and in such manner
as the Plan Administrator shall determine. 
 ARTICLE III 

RESTORATION BENEFIT 
 3.1        Amount of Restoration Benefit.  An Eligible Employee shall become entitled to receive the benefits determined under this Article III on
and after the first day of the month following the date he becomes an Eligible Employee (the “Restoration Benefit”). An Account shall be established for each Participant. The Account shall be credited with Pay Credits and Interest Credits
pursuant to the provisions of this Article III. Notwithstanding the foregoing, a Newly Hired Eligible Employee shall not earn or accrue any benefits under this Article III until the first day of the month following or coincident with the 31st day
after his Date of Hire. 
 3.2        Pay Credits.  Pay Credits shall
be determined and credited in accordance with this Section 3.2 to the Account of each Participant who is an Eligibile Employee during a Plan Year (“Pay Credits”). Pay Credits shall be determined for each Participant as the amount
obtained by multiplying such Participant’s Compensation received during a Crediting Period by the percentage, based on the Participant’s Points, indicated in the table below. Pay Credits shall be credited to a Participant’s Account as
of the last day of each Crediting Period during the Plan Year in which he receives Compensation. If a Participant terminates employment with the Company and all Affiliates and is subsequently rehired by the Company or an Affiliate, such Employee
shall not accrue any additional Pay Credits following his or her reemployment unless the Committee again approves him as an Eligible Employee. 
  

			
	 Points

 
	  	
Pay Credit Rate

 

	 Less than 30
	  	 2.5%

 

	 30 – 39.999
	  	 3.0%

 

	 40 – 49.999
	  	 4.0%

 

	 50 and over
	  	 5.0%

 

 3.3        Interest Credits.  As of the last day
of each Crediting Period, each Account shall be credited with an Interest Credit (“Interest Credits”) equal to the product of the Account balance as of the end of the prior Crediting Period multiplied by the rate which, if compounded each
Crediting Period for an entire calendar year, 

  
 - 3 -

 
would yield an effective annual rate equal to the interest rate applicable to the Plan Year in which such Crediting Period begins. The applicable interest rate for a Plan Year shall be equal to
the monthly average for 30-year Treasury bond rates for the month of December in the immediately preceding Plan Year, as published in the Federal Reserve Statistical Release. Notwithstanding the foregoing, the applicable interest rate for each Plan
Year shall not be lower than 3%. Participants shall continue to receive Interest Credits to their Accounts through the end of the Crediting Period immediately preceding their Benefit Commencement Date. 

3.4        Disability Benefit.  A Participant who becomes Disabled while
employed as an Eligible Employee shall continue to be eligible to receive Pay Credits, based on his Compensation, until the time he or she ceases to receive benefits under an Employer-sponsored long-term disability program, or, if earlier, as of the
time he or she elects to receive distribution of his or her benefits under the Qualified Plan. Such Participant’s Points shall be updated annually in accordance with the Qualified Plan. For purposes of this Section 3.4, Compensation shall
be determined by replacing PPA Compensation in the definition of Compensation (as set forth in Article I) with PPA Compensation determined in accordance with Section 1.38B(c) of the Qualified Plan. 

3.5        Vesting.  A Participant shall be 100% vested in his Restoration
Benefit on the date he completes ten (10) years of Vesting Service and reaches age sixty (60) (the “Vested Date”), provided that such Participant remains employed by the Company or an Affiliate through such date. 

3.6        Change in Position Prior to Distribution Event.  Notwithstanding
anything herein to the contrary, in the event a Participant changes from a position as an Eligible Employee to one that is not an Eligible Employee for any reason, such Participant shall not receive any additional Pay Credits following the date of
such change; provided, however, such Participant shall continue to earn Interest Credits until the Benefit Commencement Date and shall continue to vest in the Restoration Benefit during his continued service as an Employee. 

3.7        Separation Before Vested Date.  Notwithstanding anything herein to
the contrary, no benefit will be payable to or on behalf of a Participant who terminates employment with the Company and all Affiliates before his Vested Date. 
 ARTICLE IV 
 DISTRIBUTION OF BENEFITS 

4.1        Distribution Upon Separation.  Absent an effective election under
Section 4.5, the Partcipant’s Restoration Benefit shall normally be distributed to him in a lump sum payment during the second month after the month in which the the Participant Separates from Service. Notwithstanding any elections by a
Participant, if the amount of a Participant’s Restoration Benefit is less than the applicable dollar amount under section 402(g)(1)(B) of the Code at the time the Participant Separates from Service, the benefit shall be distributed in a lump
sum payment during the second month after the month in which the the Participant Separates from Service. 

4.2        Key Employee.  In the event that a Participant is a Key Employee as
of the date of his or her Separation from Service, any distributions to such Participant under Section 4.1 shall not commence earlier than six (6) months following the date of such Separation from Service (or, if earlier, the date of the
Participant’s death). Amounts otherwise payable to the Participant during such period of delay shall be accumulated and paid in the seventh month following the Participant’s Separation from Service (or, if earlier, the first day of the
month after the Participant’s death). Interest Credits shall continue to accrue on the Restoration Benefit during the period of delay following the Participant’s Separation from Service until the Benefit Commencement Date. 

4.3        Distribution Upon Disability.  Notwithstanding any provision in the
Plan to the contrary, if a Participant becomes Disabled prior to his or her Separation from Service, the Restoration Benefit will be distributed in a lump sum payment in the month after the month in which the Participant attains age sixty-five (65).

 4.4        Distributions Upon Death.  Notwithstanding any provision
in the Plan to the contrary, in the event of the death of the Participant before benefits have commenced, the Restoration Benefit will be distributed in a lump sum payment in the second month after the month of death to the Participant’s
beneficiary. In the event of the death of the Participant after benefits have commenced in a form elected by the Participant under section 4.5, death 

  
 - 4 -

 
benefits under the Plan will be payable to the Participant’s beneficiary in accordance with the form of distribution elected by the Participant. A Participant shall designate his beneficiary
in a writing delivered to the Plan Administrator prior to death in accordance with procedures established by the Plan Administrator. If a Participant has not properly designated a beneficiary or if no designated beneficiary is living on the date of
distribution, such amount shall be distributed to the Participant’s estate. 

4.5        Changes in Time or Form of Distribution.  In order to elect to change
the time or form of distribution of the Restoration Benefit, a Participant shall file an Initial Distribution Election or Subsequent Distribution Election, written or electronic, in accordance with procedures established by the Plan Administrator. A
distribution election under this Section 4.5 shall become irrevocable on the date the election is filed with the Plan Administrator. 
  

	 	(a)	Initial Distribution Election for Newly Hired Eligible Employee.  If an individual becomes a Newly Hired Eligible Employee after the beginning of a
Plan Year, the Plan Administrator has the sole discretion to determine whether such individual may file an Initial Distribution Election for the Restoration Benefit. Under certain limited circumstances, the Newly Hired Eligible Employee may elect
the form of payment of the Restoration Benefit in accordance with the procedures established by the Plan Administrator, provided such election is delivered to the Plan Administrator no later than thirty (30) days after the Employee’s Date
of Hire. In the event of an Initial Distribution Election under this Section 4.5(a), such election shall apply to the Restoration Benefit earned for services performed on and after the first day of the month following or coincident with the
31st day after his Date of Hire. 

  

	 	(b)	Subsequent Distribution Election.  In addition to the requirements the Plan Administrator may establish, a Participant may make a Subsequent
Distribution Election after the thirty (30) day period set forth in Section 4.5(a) above, if applicable. An election under this Section 4.5(b) shall become irrevocable on the date the election is filed with the Plan Administrator and
any election to change the time or form of a distribution shall be effective only if the following conditions are satisfied: 

  

	 	(i)	The election may not take effect until at least twelve (12) months after the date on which the election is made; 

 

	 	(ii)	In the case of an election to change the time or form of a distribution under Sections 4.1 or 4.5, a distribution may not be made earlier than at least five
(5) years from the date the distribution would have otherwise been made; and 

  

	 	(iii)	In the case of an election to change the time or form of a distribution related to a payment at a specified time or pursuant to a fixed schedule, the election must be
made at least twelve (12) months before the date the distribution is scheduled to be paid. 

 Any election
(including changes solely among the Annuity Options) with respect to the form of payment under the Plan after the Participant’s third Subsequent Distribution Election shall be null and void and have no force or effect. Notwithstanding anything
herein to the contrary, a Subsequent Distribution Election solely to change the form of payment from one Annuity Option to another Annuity Option listed in Section 4.6(b) shall not be subject to the conditions set forth in Sections
4.5(b)(i)-(iii) above. In the event the Restoration Benefit is payable after the Participant made one or more Subsequent Distribution Elections under this Section 4.5(b), Interest Credits shall continue to accrue on the Restoration Benefit
following the Participant’s Separation from Service until the Benefit Commencement Date. 

4.6        Permitted Form of Payment Options.  Subject to the requirements of
Sections 4.2 and 4.5, the Participant may elect the manner in which his or her vested Restoration Benefit shall be paid from between the following options: 

  
 - 5 -

	 	(a)	Lump sum; or 

  

	 	(b)	One of the following Annuity Options, the payments under which shall be determined as of the Benefit Commencement Date and be an Actuarial Equivalent to the lump sum
value of the Restoration Benefit at such date: 

  

	 	(i)	Single life annuity; 

	 	(ii)	50% joint and survivor annuity; 

	 	(iii)	75% joint and survivor annuity; 

	 	(iv)	100% joint and survivor annuity; 

	 	(v)	10-Year Certain and Life; or 

	 	(vi)	20-Year Certain and Life. 

4.7        Effect of Early Taxation.  If the Participant’s benefits under
the Plan are includible in income pursuant to Code section 409A, such benefits shall be distributed immediately to the Participant. 
 4.8        Permitted Delays.  Notwithstanding the foregoing, any payment to a Participant under the Plan shall be delayed upon the Plan
Administrator’s reasonable anticipation of one or more of the following events: 
  

	 	(a)	The Company’s deduction with respect to such payment would be eliminated by application of Code section 162(m); or 

 

	 	(b)	The making of the payment would violate Federal securities laws or other applicable law; 

 provided, that any payment delayed pursuant to this Section 4.8 shall be paid in accordance with Code section 409A. 
 ARTICLE V 
 ADMINISTRATION 

5.1        General Administration.  The Company is the sponsor of the Plan, and
the Committee is the Plan Administrator responsible for the operation and administration of the Plan. 

5.2        Responsibility of Administrator.  The Plan Administrator shall have
sole discretionary authority for the operation, interpretation and administration of the Plan. All determinations and actions of the Plan Administrator within its discretionary authority shall be final, conclusive and binding on all persons, except
that the Plan Administrator may revoke or modify a determination or action it determines was previously made in error. In addition to the implied powers and duties that may be needed to carry out the administration of the Plan, the Plan
Administrator shall have the following specific powers and responsibilities: 
  

	 	(a)	To establish, interpret, amend, revoke and enforce rules and regulations as required or desirable for the efficient administration of the Plan.

  

	 	(b)	To review and interpret Plan provisions and to remedy provisions that are ambiguous or inconsistent or contain omissions. 

 

	 	(c)	To determine all questions relating to an individual’s eligibility to participate in the Plan and the validity of an individual’s elections.

  

	 	(d)	To revoke an individual’s status as an Eligible Employee at any time; provided however, in no event shall such revocation be applied retroactively to deprive an
Employee of benefits accrued under this Plan before such revocation. 

  

	 	(e)	To determine a Participant’s or beneficiary’s eligibility for benefits from the Plan and to authorize payment of benefits. 

  
 - 6 -

	 	(f)	To employ outside professionals and to enter into agreements on behalf of the Plan Administrator necessary or desirable for administration of the Plan.

  

	 	(g)	To delegate any of the Plan Administrator’s rights, powers and duties to one or more Employees or officers of the Company or to a third-party administrator. Such
delegation may include, without limitation, the power to execute any document on behalf of the Plan Administrator and to accept service of legal process for the Plan Administrator at the principal office of the Company. 

5.3        Books, Records and Expenses.  The Plan Administrator shall maintain
books and records for purposes of this Plan, which shall be subject to the supervision and control of the Plan Administrator. SunTrust shall pay the general expenses of administering this Plan. The Plan Administrator shall be entitled to rely
conclusively upon all tables, valuations, certificates, opinions and reports furnished by any actuary, accountant, controller, counsel or other person employed or engaged by the Company with respect to the Plan. 

5.4        Compensation.  Neither the Plan Administrator nor any delegate who is
an employee of the Company or an Affiliate shall receive any additional compensation for his services as Plan Administrator or delegate. 
 5.5        Indemnification.  The Company (to the full extent permissible under law and consistent with its charters and bylaws) shall indemnify and
hold harmless the Plan Administrator, each individual member of the Plan Administrator and any Employee authorized to act on behalf of the Plan Administrator, the Company or an Affiliate under this Plan for any liability, loss, expense, assessment
or other cost of any kind or description whatsoever, including legal fees and expenses, which they actually incur for their acts and omissions, past, current or future, in the administration of the Plan. 

5.6        Claims.  The Plan Administrator shall establish a reasonable claims
procedure consistent with the requirements under the Department of Labor regulations under section 503 of ERISA. 
 ARTICLE VI

 AMENDMENT AND TERMINATION 
 6.1        Right to Amend or Terminate Plan.  The Company expects to continue this Plan indefinitely, but reserves the right to amend or
discontinue the Plan should it deem such an amendment or discontinuance necessary or desirable. The Company hereby authorizes and empowers the Committee, as Plan Administrator, to amend this Plan in any manner that is consistent with the purpose of
this Plan as set forth in this document, without further approval of the Company’s Board of Directors, and to delegate authority to amend this Plan to one or more appropriate members of the Committee or officers of the Company, except as to any
matter that the Committee determines may result in a material increased cost to the Company or its Affiliates, in which case the consent of the Committee shall be required. No amendment or discontinuance of this Plan shall reduce the vested balances
credited to any Participant’s Account as of the date such amendment is adopted or the date of such discontinuance. 

6.2        Distribution of Accounts.  If the Company terminates the Plan,
distribution of balances in Accounts shall be made to Participants and beneficiaries in the manner and at the time as provided in Article IV, unless the Company determines in its sole discretion that all such amounts shall be distributed upon
termination of the Plan in accordance with the requirements under Code section 409A. Upon termination of the Plan, no further benefits shall be credited under the Plan. 
 ARTICLE VII 
 GENERAL PROVISIONS 

7.1        Construction.  The headings and subheadings in this Plan have been
set forth for convenience of reference only and have no substantive effect whatsoever. Whenever any words in this document are used in the masculine, they shall be construed as though they were used in the feminine in all cases where they would so
apply; 

  
 - 7 -

 
and whenever any words in this document are used in the singular or in the plural, they shall be construed as though they were used in the plural or in the singular, as the case may be, in all
cases where they would so apply. 
 7.2        Severability.  In the
event any provision of the Plan shall be held invalid or illegal for any reason, any illegality or invalidity shall not affect the remaining parts of the Plan, but the Plan shall be construed and enforced as if the illegal or invalid provision had
never been inserted. 
 7.3        No Alienation or Assignment.  A
Participant, a spouse or a beneficiary under this Plan shall have no right or power whatsoever to alienate, commute, anticipate or otherwise assign at law or equity all or any portion of any benefit otherwise payable under this Plan, and the Company
shall have the right, in the event of any such action, to terminate permanently the payment of benefits to, or on behalf of, any Participant, spouse or beneficiary who attempts to do so. 

7.4        Incapacity of Recipient.  If any person entitled to a distribution
under the Plan is deemed by the Plan Administrator to be incapable of personally receiving and giving a valid receipt for such payment, then, unless and until a claim for such payment shall have been made by a duly appointed guardian or other legal
representative of such person, the Plan Administrator may provide for all or part of such payment to be made to any other person or institution then contributing toward or providing for the care and maintenance of such person. Any such payment shall
be a payment for the account of such person and a complete discharge of any liability of the Company, its Affiliates and the Plan to the extent of such payment. 
 7.5        Unclaimed Benefits.  Each Participant shall keep the Plan Administrator informed of his current address and the current address of his
designated beneficiary. The Plan Administrator shall not be obligated to search for the whereabouts of any person if the location of a person is not made known to the Plan Administrator. 

7.6        Not a Contract of Employment.  Participation in this Plan does not
grant to any individual the right to remain in the employ of the Company or any Affiliate for any specific term of employment or in any specific capacity or at any specific rate of compensation. 

7.7        Unfunded Plan. 

 

	 	(a)	Contractual Liability of the Company. This Plan is an unfunded plan maintained primarily for a select group of management or highly compensated employees. The
obligation of the Company to provide any benefits under the Plan is a mere contractual liability, and the Company is not required to establish or maintain any special or separate fund or segregate any assets for the payment of benefits under this
Plan. Participants and their beneficiaries shall not have any interest in any particular assets of the Company by reason of its obligation under the Plan and they are at all times unsecured creditors of the Company with respect to any claim for
benefits under the Plan. All amounts of compensation deferred under this Plan, all property and rights purchased with such amounts and any income attributable to such amounts, rights or property shall constitute general funds of the Company. Nothing
contained in the Plan shall constitute a guarantee by the Company or any other person or entity that the assets of the Company will be sufficient to pay any benefits hereunder. 

 

	 	(b)	Rabbi Trust. The Company may, but is not required to, establish any special or separate fund or segregate any assets for the payment of benefits under this Plan. In the
event the Company should establish a “rabbi” trust to assist in meeting the Company’s financial obligations under this Plan, the assets of such trust shall be subject to the claims of the general creditors of the Company in the event
of the Company’s insolvency, as defined in such trust agreement, and Participants in this Plan and their beneficiaries shall have no preferred claim on, or any legal or equitable rights, claims or interest in any particular assets of such
trust. To the extent payments of benefits under this Plan are actually made from any such trust or from any other source, the Company’s obligation to make such payments is satisfied, but to the extent not so paid, payment of benefits under this
Plan remains the obligation of, and shall be paid by, the Company. 

  
 - 8 -

 7.8        Taxes.  The Company or
other payor may withhold from a benefit payment under the Plan or from a Participant’s wages in order to meet any federal, state, or local tax withholding obligations with respect to Plan benefits. The Company or other payor may also accelerate
and pay a portion of a Participant’s benefits in a lump sum equal to the Federal Insurance Contributions Act (“FICA”) tax imposed and the income tax withholding related to such FICA amounts. The Company or other payor shall report
Plan payments and other Plan-related information to the appropriate governmental agencies as required under applicable laws. 

7.9        Binding Effect.  This Plan shall be binding upon and inure to the
benefit of any successor of the Company and any successor shall be deemed substituted for the Company under this Plan and shall assume the rights, obligations and liabilities of the Company hereunder and be obligated to perform the terms and
conditions of this Plan. As used in this Plan, the term “successor” shall include any person, firm, corporation or other business entity or related group of such persons, firms, corporations or business entities which at any time, whether
by merger, purchase, reorganization, liquidation or otherwise, or by means of a series of such transactions, acquires all or substantially all of the assets or business of the Company. 

7.10        Governing Law.  The Plan and all actions taken pursuant to the Plan
shall be governed by the laws of the State of Georgia (excluding its conflict-of-interest laws) except to the extent such laws are superseded by federal law. 
 7.11        Regulatory Requirements.  Regulatory agencies and federal laws and regulations may impose restrictions on the Company and its
Affiliates with respect to the payment of compensation and benefits to certain employees who may be Participants in this Plan. These restrictions may be in the form of absolute prohibitions or penalties, which may include tax penalties on the
Company and its Affiliates or on certain Participants. Notwithstanding any other provision of this Plan document, the Company may reduce, eliminate or delay the payment of a Participant’s benefits under this Plan or may take actions that
subject such benefits to monetary or tax penalties, as determined by the Company in its sole discretion to be required under federal laws or regulations applicable to the Company and its Affiliates. In such event, neither the Company nor its
Affiliates shall have any liability for such reduction, elimination, delay or penalty. Any delay in payment of a Participant’s benefits under this Plan will comply with Section 4.8. 

  
 - 9 -

 Executed this
                 day of May 31, 2011. 
  

											
	 Attest:
  
	 	         SUNTRUST BANKS, INC.

 
	 	
						
	By:	 		 	  
	 		 	 By:                           
                                  	 	
		 		 		 		 	        Donna D. Lange	 	
						
	Title:	 		 	  
	 		 	Title:                            
                                 	 	

  
 - 10 -

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