Document:

Bank of America Corporation 2003 Key Associate Stock Plan

 Exhibit 10(i) 
  

	
	  
   Bank of America Corporation
   Key Associate Stock Plan Award Agreement
  

 This document contains your
Award Agreement under the Bank of America Corporation 2003 Key Associate Stock Plan. A Beneficiary Designation form is also included if you wish to designate a beneficiary or if you wish to change your current beneficiary designation. 
  

	
	 What you need to do
  

	 1. Review the Award Agreement to ensure you understand its provisions. With each award you receive, provisions of your Award Agreement may change so it is important to review your Award Agreement.

  

	 2. Print the Award Agreement and file it with your important papers.
  

	 3. Accept your Award Agreement through the online acceptance process.*
  

	 4. Designate a beneficiary for an award of Restricted Stock Shares or Restricted Stock Units by completing a Beneficiary Designation Form and returning it to the address listed on the
form.

 *If you do not accept your Award Agreement through the online acceptance process by
November 15, 2008, or such other date that may be communicated, Bank of America will automatically accept the Award Agreement on your behalf. 
 Summary of Changes to Payment Rules 
 We are changing the payment rules that
apply at termination of employment as required for compliance with Section 409A of the Internal Revenue Code. The new rules apply to this award, all future awards, and any award of Restricted Stock Units you may have received in 2006 or 2007.
These materials constitute an amendment to any Restricted Stock Unit Award Agreement you may have received in 2006 or 2007. 
 Prior Payment Rules. If your employment with Bank of America and its Subsidiaries terminated prior to the payment date, depending on the reason for termination, your award may have become fully or partially earned and vested on the
date of your termination of employment. To the extent your award was earned and vested, it was paid as soon as practicable thereafter. 
 New Payment Rules. No changes are being made to the rules about whether and to what extent your award becomes earned and vested upon termination of employment. However, to the extent that your award becomes earned and vested upon
your termination of employment due to Disability or upon termination by your employer for any reason not constituting Cause, including Workforce Reduction or Divestiture, it will be paid in accordance with the original payment schedule rather than
immediately following termination of employment. 
 Example. Assume your employment with Bank of America and its
Subsidiaries terminates prior to the payment date of your award due to a Workforce Reduction. The following shows how the Workforce Reduction impacts your award under both the prior payment rules and the new payment rules. 
 

 
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	 	•	 	 Prior Payment Rules. Your award becomes immediately earned and vested as of the date of your termination of employment and paid as soon as
administratively practicable thereafter. 

  

	 	•	 	 New Payment Rules. Your award also becomes immediately earned and vested as of the date of your termination of employment, but payment is made
in accordance with the original payment schedule (i.e., on the third anniversary of the award). 

 As shown in
the example, only the timing of payment is being changed. No changes are being made to the rules about whether and to what extent your award becomes earned and vested upon termination of employment. 
 Summary of Rule of 60 vesting condition 
 Below is a summary of the vesting condition for Rule of 60 that applies to eligible associates for awards granted in 2006 or later. You meet the Rule of 60 if your age plus years of vesting service equals
60, with a minimum of 10 years of vesting service and no minimum age. If you do not meet the Rule of 60, this vesting condition does not apply to you. 
 If your employment ends after you have attained the Rule of 60, to the extent the award does not otherwise vest upon termination, the award will vest in accordance with the original vesting
schedule so long as you comply with the Rule of 60 vesting condition, as follows: 
  

	 	•	 	 You must not work for a named competitor of Bank of America during the remaining vesting period of your award. On the next page is the current
list of named competitors. This list will be updated annually. The list in effect at your termination of employment will control. 

  

	 	•	 	 You must annually provide a written certification that you are not working for any of the named competitors. Each December, Bank of America will
send to the most recent mailing address you have on record a certification form for you to complete and return. If you do not receive your form by early in the new year, you are responsible for obtaining a certification form by contacting the Bank
of America Personnel Center at 1.800.556.6044. You will be considered in breach of the vesting condition if you fail to provide written certification as and when required. It is your sole responsibility to ensure that the company receives your
annual certification. Accordingly, you need to keep the company apprised of any changes to your mailing address. 

 If you comply with these requirements, your award will continue to vest in accordance with the original vesting schedule. However, if you fail to meet either of the above requirements, the unvested portion of your award will be immediately
canceled. 
 For more information 
 For more information about your award, review your Award Agreement, which in all events is the controlling document for your award. The most recent list of named competitors appears on NetBenefits in the
News and Information section. 
 

 
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 List of Competitive Businesses (Effective 2008)* 
 American Express 
 Barclays 
 Bear Stearns 
 Capital One 
 Citigroup 
 Credit Suisse Group 
 Deutsche Bank 
 Fidelity 
 GE Capital 
 GMAC Financial 
 Goldman Sachs 
 HSBC

 JPMorgan Chase 
 Lehman Brothers 
 Merrill Lynch 
 Morgan Stanley 
 Royal Bank of Scotland 
 UBS 
 US Bancorp 
 Wachovia 
 Washington Mutual 
 Wells Fargo 
 * Includes any subsidiaries and affiliates of the listed entities 
 

 
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 2003 KEY ASSOCIATE STOCK PLAN 
 RESTRICTED STOCK UNITS AWARD AGREEMENT 
  

					
	  
 GRANTED TO
	  	  
 GRANT DATE
	  	  
 NUMBER OF RESTRICTED
 STOCK
UNITS

	 	 	 
	 	  	 	  	 
	Note: The number of
Restricted Stock Units is based on a “divisor price” of $42.65, which is the five-day average closing price of Bank of America Corporation common stock for the five business days immediately preceding and including February 15, 2008.

 This Restricted Stock Units Award Agreement and all Exhibits hereto (the “Agreement”) is
made between Bank of America Corporation, a Delaware corporation (‘Bank of America”), and you, an associate of Bank of America or one of its Subsidiaries. 
 Bank of America sponsors the Bank of America Corporation 2003 Key Associate Stock Plan (the “Stock Plan”). A Prospectus describing the Stock Plan has been delivered to you. The Stock Plan itself
is available upon request, and its terms and provisions are incorporated herein by reference. When used herein, the terms which are defined in the Stock Plan shall have the meanings given to them in the Stock Plan, as modified herein (if
applicable). 
 The Restricted Stock Units covered by this Agreement are being awarded to you as a result of your participation in the Bank of
America Corporation Equity Incentive Plan (the “EIP”), subject to the following terms and provisions: 
  

	1.	Subject to the terms and conditions of the Stock Plan, the EIP (collectively, the “Plans”) and this Agreement, Bank of America awards to you the number of
Restricted Stock Units shown above. Each Restricted Stock Unit shall have a value equal to the Fair Market Value of one (1) share of Bank of America common stock. 

  

	2.	You acknowledge having read the Prospectus and agree to be bound by all the terms and conditions of the Plans and this Agreement. 

  

	3.	If a cash dividend is paid with respect to Bank of America common stock, a cash dividend equivalent equal to the total cash dividend you would have received had your
Restricted Stock Units been actual shares of Bank of America common stock will be accumulated and paid in cash through payroll when the Restricted Stock Units become earned and payable. Dividend equivalents are credited with interest at the
three-year constant maturity Treasury rate in effect on the date of grant until the payment date. 

  

	4.	The Restricted Stock Units covered by this Award shall become earned by, and payable to, you in the amounts and on the dates shown on the enclosed Exhibit A.

  

	5.	You agree that you shall comply with (or provide adequate assurance as to future compliance with) all applicable securities laws and income tax laws as determined by
Bank of America as a condition precedent to the delivery of any shares of Bank of America common stock pursuant to 

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 this Agreement. In addition, you agree that, upon request, you will furnish a letter agreement providing that (i) you will not distribute or resell any of said shares in violation of the Securities
Act of 1933, as amended, (ii) you will indemnify and hold Bank of America harmless against all liability for any such violation and (iii) you will accept all liability for any such violation. 
  

	 	6.	By executing and returning a Beneficiary Designation Form, you may designate a beneficiary to receive payment in connection with the Restricted Stock Units awarded
hereunder in the event of your death while in service with Bank of America. If you do not designate a beneficiary or if your designated beneficiary does not survive you, then your beneficiary will be your estate. A Beneficiary Designation Form has
been included in your Award package and may also be obtained by contacting Executive Compensation as described in the Prospectus. 

  

	 	7.	The existence of this Award shall not affect in any way the right or power of Bank of America or its stockholders to make or authorize any or all adjustments,
recapitalizations, reorganizations or other changes in Bank of America’s capital structure or its business, or any merger or consolidation of Bank of America, or any issue of bonds, debentures, preferred or prior preference stocks ahead of or
convertible into, or otherwise affecting the Bank of America common stock or the rights thereof, or the dissolution or liquidation of Bank of America, or any sale or transfer of all or any part of its assets or business, or any other corporate act
or proceeding, whether of a similar character or otherwise. 

  

	 	8.	Bank of America may, in its sole discretion, decide to deliver any documents related to this grant or future Awards that may be granted under the Plans by electronic
means or request your consent to participate in the Plans by electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, agree to participate in the Plans through an on-line or electronic system
established and maintained by Bank of America or another third party designated by Bank of America. 

 Any notice
which either party hereto may be required or permitted to give to the other shall be in writing and may be delivered personally, by intraoffice mail, by fax, by electronic mail or other electronic means, or via a postal service, postage prepaid, to
such electronic mail or postal address and directed to such person as Bank of America may notify you from time to time; and to you at your electronic mail or postal address as shown on the records of Bank of America from time to time, or at such
other electronic mail or postal address as you, by notice to Bank of America, may designate in writing from time to time. 
  

	 	9.	Regardless of any action Bank of America or your employer takes with respect to any or all income tax, payroll tax or other tax-related withholding (“Tax-Related
Items”), you acknowledge that the ultimate liability for all Tax-Related items owed by you is and remains your responsibility and that Bank of America and/or your employer (i) make no representations or undertakings regarding the treatment
of any Tax-Related Items in connection with any aspect of the grant of Restricted Stock Units, including the grant and vesting the Restricted Stock Units, the subsequent sale of Shares acquired upon the vesting of the Restricted Stock Units and the
receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Restricted Stock Units to reduce or eliminate your liability for Tax-Related Items. 

 In the event Bank of America determines that it and/or your employer must withhold any Tax-Related Items as a result of your participation in
the Plans, you agree as a condition of the grant of the Restricted Stock Units to make arrangements satisfactory to Bank of America and/or your employer to enable it to satisfy all withholding requirements, including, but not limited to, withholding
any applicable Tax-Related Items from the pay-out of the Restricted Stock Units. In 
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 addition, you authorize Bank of America and/or your employer to fulfill its withholding obligations by all legal means, including, but not limited to: withholding Tax-Related Items from your wages, salary
or other cash compensation your employer pays to you; withholding Tax-Related Items from the cash proceeds, if any, received upon sale of any Shares received in payment for your Restricted Stock Units; and at the time of payment, withholding Shares
sufficient to meet minimum withholding obligations for Tax-Related Items. Bank of America may refuse to issue and deliver Shares in payment of any earned Restricted Stock Units if you fail to comply with any withholding obligation. 
  

	 	10.	The validity, construction and effect of this Agreement are governed by, and subject to, the laws of the State of Delaware and the laws of the United States, as
provided in the Plans. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction
of North Carolina and agree that such litigation shall be conducted solely in the courts of Mecklenburg County, North Carolina or the federal courts for the United States for the Western District of North Carolina, where this grant is made and/or to
be performed, and no other courts. 

  

	 	11.	In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the
Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. This Agreement constitutes the final understanding between you and Bank of America regarding the Restricted Stock Units. Any
prior agreements, commitments or negotiations concerning the Restricted Stock Units are superseded. Subject to the terms of the Stock Plan, this Agreement may only be amended by a written instrument signed by both parties. 

IN WITNESS WHEREOF, Bank of America has caused this Agreement to be executed by its duly authorized officer, and you have hereunto set
your hand, all effective as of the Grant Date listed above. 
  

									
		 	BANK OF AMERICA CORPORATION	  	ASSOCIATE	  	
					
		 	BY:	  	  /s/ Kenneth D. Lewis	  	_____________________	  	
				
		 	Chairman, Chief Executive Officer and President	  		  	

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 Exhibit A 
 Bank of America Corporation 
 2003 Key Associate Stock Plan 
 PAYMENT OF RESTRICTED STOCK UNITS 
 (a)          PAYMENT SCHEDULE. Subject to the provisions of paragraphs (b), (c) and (d) below, the Restricted Stock Units shall
become earned and payable on the third anniversary of the Grant Date if you remain employed with Bank of America and its Subsidiaries through that date. Shares will be issued as soon as administratively practicable, generally within 15 days after
the payment date. 
 (b)          IMPACT
OF TERMINATION OF EMPLOYMENT ON EARNING OF RESTRICTED STOCK UNITS. If your
employment with Bank of America and its Subsidiaries terminates prior to the above payment date, then any unearned Restricted Stock Units shall become earned or be canceled depending on the reason for termination as follows: 
  

	 	(i)	Death, Disability, or Termination by Bank of America due to Workforce Reduction or Divestiture. Any unearned Restricted Stock Units shall become immediately
earned as of the date of your termination of employment if your termination is due to (A) death, (B) Disability, (C) Workforce Reduction or (D) Divestiture. 

  

	 	(ii)	Termination by Bank of America Without Cause. If your employment is terminated by your employer without Cause (not including Workforce Reduction or Divestiture),
then any unearned Restricted Stock Units shall become immediately earned as of such date. 

  

	 	(iii)	Termination by Bank of America With Cause. If your employment is terminated by your employer with Cause, then any unearned Restricted Stock Units shall be
immediately canceled as of your employment termination date. 

  

	 	(iv)	Termination by You. If you voluntarily terminate your employment prior to attaining the Rule of 60, then any unearned Restricted Stock Units shall be immediately
canceled as of your employment termination date. 

 (c)          PAYMENT OF EARNED RESTRICTED STOCK UNITS FOLLOWING
TERMINATION OF EMPLOYMENT. Except in the case of your termination of employment due to death, to the extent that your Restricted Stock Units become earned as described in paragraph (b),
they shall become payable at such time as provided in the Payment Schedule described in paragraph (a) (without regard to whether you are employed by Bank of America and its Subsidiaries). To the extent that your Restricted Stock Units become
earned as a result of termination of employment due to your death, they shall become immediately payable as of the date of your termination. Shares will be issued as soon as administratively practicable, generally within 15 days after the payment
date. Any accumulated cash dividend equivalents described in Section 3 of the Agreement will also be paid at this time. 
 (d)          RULE OF 60. If you voluntarily terminate your employment having attained the Rule of 60, then any
unearned Restricted Stock Units shall continue to become earned and payable in accordance with the schedule set forth in paragraph (a) above, provided that (A) you do not engage in Competition during such period and (B) prior to each
of the first, second and third anniversary of the Grant Date, you provide Bank of America with a written certification that you have not engaged in Competition. To be effective, such certification must be provided on such form, at such time and
pursuant to such procedures as Bank of America shall establish from time to time. If Bank of America determines in its reasonable business judgment that you have failed to satisfy either of the foregoing requirements, then any unearned 

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 Restricted Stock Units shall be immediately canceled as of the date of such determination. In addition, from time to time following your termination of employment after having attained the Rule of 60, Bank of America may require you to
further certify that you are not engaging in Competition, and if you fail to fully cooperate with any such requirement Bank of America may determine that you are engaging in Competition. 
   (e)          FORM OF
PAYMENT. Payment of Restricted Stock Units shall be payable in the form of one share of common stock for each Restricted Stock Unit that is payable. 
   (f)          DEFINITIONS.
For purposes hereof, the following terms shall have the following meanings: 
 Cause shall be defined as that term is
defined in your offer letter or other applicable employment agreement; or, if there is no such definition, “Cause” means a termination of your employment with Bank of America and its Subsidiaries if it occurs in conjunction with a
determination by your employer that you have (i) committed an act of fraud or dishonesty in the course of your employment; (ii) been convicted of (or plead no contest with respect to) a crime constituting a felony; (iii) failed to
perform your job function(s), which Bank of America views as being material to your position and the overall business of Bank of America and its Subsidiaries under circumstances where such failure is detrimental to Bank of America or any Subsidiary;
(iv) materially breached any written policy applicable to associates of Bank of America and its Subsidiaries including, but not limited to, the Bank of America Corporation Code of Ethics and General Policy on Insider Trading; or (v) made
an unauthorized disclosure of any confidential or proprietary information of Bank of America or its Subsidiaries or have committed any other material violation of Bank of America’s written policy regarding Confidential and Proprietary
Information. 
 Competition means your being engaged, directly or indirectly, whether as a director, officer, employee,
consultant, agent, or otherwise, with a business entity that is designated as a “Competitive Business” as of the date of your termination of employment. Bank of America shall communicate such list to you. 
 Divestiture means a termination of your employment with Bank of America and its Subsidiaries as the result of a divestiture or sale of
a business unit as determined by your employer based on the personnel records of Bank of America and its Subsidiaries. 
 Rule
of 60 means, as of the date of your termination of employment with Bank of America and its Subsidiaries, you have (i) completed at least ten (10) years of “Vesting Service” under the tax-qualified Pension Plan sponsored by
Bank of America in which you participate and (ii) attained a combined age and years of “Vesting Service” equal to at least sixty (60). 
 Workforce Reduction means your termination of employment with Bank of America and its Subsidiaries as a result of a labor force reduction, realignment or similar measure as determined by the your
employer and (i) you receive severance pay under the Corporate Severance Program (or any successor program) upon termination of employment, or (ii) if not eligible to receive such severance pay, you are notified in writing by an authorized
officer of Bank of America or any Subsidiary that the termination is as a result of such action. Your termination of employment shall not be considered due to Workforce Reduction unless you have first executed all documents required under the
Corporate Severance Program or otherwise, including without limitation any required release of claims. 
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 Bank of America Corporation 
 MANAGEMENT PLANS 
 Beneficiary Designation Form 
 Please complete this form if you wish to designate a beneficiary for your Shares of Restricted Stock or Restricted Stock Units granted under the Bank of America Corporation 2003 Key Associate Stock Plan (the “Stock Plan”) or if
you wish to change your current beneficiary designation. Completed forms should be returned to Fidelity Investments, P.O. Box 770001, Cincinnati, Ohio 45277-0030. 
 ************************************************************************** 
 With respect to any
of my awards of Restricted Stock or Restricted Stock Units under the Stock Plan that are outstanding and become payable at the time of my death, I hereby designate the following person or entity as my beneficiary to receive any payments in
connection with those awards in the event of my death. 
 Designation of Primary Beneficiary. I designate the following as my Primary
Beneficiary(ies): 
  

							
	Name of Beneficiary	  	Birthdate	  	Address	  	Relationship
				
	  
	  	  
	  	  
	  	  

				
	  
	  	  
	  	  
	  	  

				
	  
	  	  
	  	  
	  	  

 Designation of Secondary Beneficiary. I designate the following as my Secondary
Beneficiary(ies): 
  

							
	Name of Beneficiary	  	Birthdate	  	Address	  	Relationship
				
	  
	  	  
	  	  
	  	  

				
	  
	  	  
	  	  
	  	  

				
	  
	  	  
	  	  
	  	  

 Selection of Rule for Deceased Beneficiary. Select either Rule 1 or Rule 2 below by marking
with an “X”. The rule selected shall be applied to Primary Beneficiaries and Secondary Beneficiaries separately so that no Secondary Beneficiary (or issue of a Secondary Beneficiary) shall be entitled to a share of the death benefits
unless all Primary Beneficiaries fail to survive the Participant and, if Rule 2 is selected, all issue of all Primary Beneficiaries fail to survive the Participant. 
  

	—	Rule 1. The death benefits shall be paid in equal shares to those named Beneficiaries (either Primary or Secondary, as applicable) who survive me.

  

	—	Rule 2. The death benefits shall be paid in equal shares to those named Beneficiaries (either Primary or Secondary, as applicable) who survive me and to the
surviving issue collectively of each named Beneficiary (either Primary or Secondary, as applicable) who does not survive me but who leaves issue surviving me, with the equal share for such surviving issue of such deceased named Beneficiary to be
divided among and paid to such issue on a per stirpes basis. (“Issue” means lineal descendants and includes adopted persons.) 

 I understand that I may change this designation at any time by executing a new form and delivering it to Fidelity Investments. This designation supercedes any prior beneficiary designation made by me with respect to awards of Restricted
Stock or Restricted Stock Units granted under the Stock Plan. 
  

							
	Signature of Participant	 	  
	    	Date:	  	  

							
		
	Name of Participant (please print):	 	  

							
		
	Participant’s Person Number:	 	  

 

 
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   Bank of America Corporation
   Key Associate Stock Plan Award Agreement
  

 This document contains your
Award Agreement under the Bank of America Corporation 2003 Key Associate Stock Plan. 
  

			
	What you need to
do
	  
 1.
	  	  
 Review
the Award Agreement to ensure you understand its provisions. With each award you receive, provisions of your Award Agreement may change so it is important to review your Award Agreement.

	  
 2.
	  	  
 Print
the Award Agreement and file it with your important papers.

	  
 3.
	  	  
 Accept your Award Agreement through the online acceptance process.

 Summary of Rule of 60 vesting condition 
 Below is a summary of the vesting condition for Rule of 60 that applies to eligible associates for awards granted in 2006 or later. You meet
the Rule of 60 if your age plus years of vesting service equals 60, with a minimum of 10 years of vesting service and no minimum age. If you do not meet the Rule of 60, this vesting condition does not apply to you. 
 If your employment ends after you have attained the Rule of 60, to the extent the award does not otherwise vest upon termination, the
award will vest in accordance with the original vesting schedule so long as you comply with the Rule of 60 vesting condition, as follows: 
  

	 	•	 	 You must not work for a named competitor of Bank of America during the remaining vesting period of your award. On the next page is the current
list of named competitors. This list will be updated annually. The list in effect at your termination of employment will control. 

  

	 	•	 	 You must annually provide a written certification that you are not working for any of the named competitors. Each December, Bank of America will
send to the most recent mailing address you have on record a certification form for you to complete and return. If you do not receive your form by early in the new year, you are responsible for obtaining a certification form by contacting the Bank
of America Personnel Center at 1.800.556.6044. You will be considered in breach of the vesting condition if you fail to provide written certification as and when required. It is your sole responsibility to ensure that the company receives your
annual certification. Accordingly, you need to keep the company apprised of any changes to your mailing address. 

 If you comply with these requirements, your award will continue to vest in accordance with the original vesting schedule, and Stock Options will remain exercisable for the full option term. However, if you fail to meet either of the above
requirements, the unvested portion of your award will be immediately canceled. Also, any vested but unexercised Stock Options will be immediately canceled and will no longer be exercisable (with certain limited exceptions). 
 For more information 
 For more information about your award, review your Award Agreement, which in all events is the controlling document for your award. The most recent list of named competitors appears on NetBenefits in the
News and Information section. 
 

 
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 List of Competitive Businesses (Effective 2008)* 
 American Express 
 Barclays 
 Bear Stearns 
 Capital One 
 Citigroup 
 Credit Suisse Group 
 Deutsche Bank 
 Fidelity 
 GE Capital 
 GMAC Financial 
 Goldman Sachs 
 HSBC 
 JPMorgan Chase 
 Lehman Brothers 
 Merrill Lynch 
 Morgan Stanley 
 Royal Bank of Scotland 

UBS 
 US Bancorp 
 Wachovia 
 Washington Mutual 
 Wells Fargo 
 * Includes any subsidiaries and
affiliates of the listed entities 
 

 
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 2003 KEY ASSOCIATE STOCK PLAN 
 STOCK OPTION AWARD AGREEMENT 
  

									
	 GRANTED TO    
	 	 GRANT
 DATE
  
	 	 EXPIRATION
 DATE
  
	 	 NUMBER OF
 SHARES
  
	 	 OPTION PRICE
 PER SHARE
  

	 	 	 	 	 
	  	 	  	 	  	 	  	 	  

 This Stock Option Award Agreement and all Exhibits hereto (the “Agreement”)
is made between Bank of America Corporation, a Delaware corporation (“Bank of America”), and you, an associate of Bank of America or one of its Subsidiaries. 
 Bank of America sponsors the Bank of America Corporation 2003 Key Associate Stock Plan (the “Stock Plan”). A Prospectus describing the Stock Plan has been delivered to you. The Stock Plan itself
is available upon request, and its terms and provisions are incorporated herein by reference. When used herein, the terms which are defined in the Stock Plan shall have the meanings given to them in the Stock Plan, as modified herein (if
applicable). 
 You and Bank of America mutually covenant and agree as follows: 
  

	 	1.	Subject to the terms and conditions of the Stock Plan and this Agreement, Bank of America grants to you the option (the “Option”) to purchase from Bank of
America the above-stated number of Shares of Bank of America Common Stock at the Option Price per share stated above. This Option is not intended to be an Incentive Stock Option. You acknowledge having read the Prospectus and agree to be bound by
all of the terms and conditions of the Stock Plan and this Agreement. 

  

	 	2.	This Option vests and is exercisable by you as described on Exhibit A attached hereto and incorporated herein by reference. The manner of exercising the Option and the
method for paying the applicable Option Price shall be as set forth in the Stock Plan. Any applicable withholding taxes must also be paid by you in accordance with the Stock Plan. Shares issued upon exercise of the Option shall be issued solely in
your name. The right to purchase Shares pursuant to the Option shall be cumulative so that when the right to purchase additional Shares has vested pursuant to the schedule on Exhibit A, such Shares or any part thereof may be purchased thereafter
until the expiration of the Option. 

  

	 	3.	In the event of your termination of employment with Bank of America and its Subsidiaries and subject to the provisions of this paragraph 3 and Exhibit A, this Option
shall expire on the earlier of the Expiration Date stated above or the following cancellation date depending on the reason for termination: 

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	Reason for Termination	  	Cancellation Date
		
	Death or Disability	  	12 months from termination date
	Workforce Reduction or Divestiture	  	12 months from termination date
	Cause	  	termination date
	Rule of 60	  	Expiration Date (as stated above)*
	All Other Terminations	  	90 days from termination date
	*  Note: Subject to compliance with the Rule of 60 vesting conditions set forth on Exhibit A.

 The reasons for termination are as defined on Exhibit A. For purposes of this
Agreement, your employment termination date will be determined by Bank of America based on the personnel records of Bank of America and its Subsidiaries and will be prior to your commencement of any period of severance pay, if applicable.

  

	 	4.	The Option may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. If
the Option is exercisable following your death, the Option shall be exercisable by such person empowered to do so under your will, or if you fail to make a testamentary disposition of the Option or shall have died intestate, by your executor or
other legal representative. 

  

	 	5.	“Net Profit Shares” (as defined below) acquired upon exercise of the Option must be held by you until the earlier of (i) the third anniversary of the
exercise date or (ii) the date of your termination of employment with Bank of America and its Subsidiaries, other than termination of employment for “Cause,” as defined in Exhibit A. This period is referred to as the “Three-Year
Hold Requirement”. Any attempt to sell, transfer, pledge, assign or otherwise alienate or hypothecate Net Profit Shares prior to completion of such period shall be null and void. For purposes hereof, “Net Profit Shares” means those
Shares determined by the Global Human Resources Group representing the total number of Shares remaining after taking into account the following costs related to exercise: (i) the aggregate Option Price with respect to the exercise;
(ii) the amount of all applicable taxes with respect to the exercise, assuming your maximum applicable federal, state and local tax rates for such purpose; and (iii) any transaction costs. The Global Human Resources Group will determine
the number of Net Profit Shares for any particular exercise. Notwithstanding anything in this paragraph 5 to the contrary, the Three-Year Hold Requirement shall not apply if at any time the Global Human Resources Group determines, in its sole
discretion, that the Three-Year Hold Requirement that the Three-Year Hold Requirement prevents you from exercising the Option or otherwise imposes an undue burden on you, your employer or Bank of America in connection with the exercise of the
Option. 

  

	 	6.	If your employment with Bank of America and its Subsidiaries is terminated for Cause, any Net Profit Shares held by you on the date of termination that have not yet
become transferable in accordance with paragraph 5 above shall be immediately canceled. In that case, (i) your right to vote and to receive cash dividends on, and all other rights, title or interest in, to or with respect to, such canceled Net
Profit Shares shall automatically, without further act, terminate and (ii) such canceled Net Profit Shares shall be returned to Bank of America. You hereby irrevocably appoint (which appointment is coupled with an interest) Bank of America as
your agent and attorney-in-fact to take any necessary or appropriate action to cause such canceled Net Profit Shares to be returned to Bank of America, including without limitation executing and delivering stock powers and instruments of transfer,
making endorsements and/or making, initiating or issuing instructions or entitlement orders, all in your name and on your behalf. You hereby ratify and approve all acts 

 2008 U.S. Stk. Opt. 08C3YH 
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 Page 4 of 11 
  

  
  

 done by Bank of America as such attorney-in-fact. Without limiting the foregoing, you expressly acknowledge and agree that any transfer agent for such canceled Net Profit Shares is fully authorized and
protected in relying on, and shall incur no liability in acting on, any documents, instruments, endorsements, instructions, orders or communications from Bank of America in connection with such canceled Net Profit Shares or the transfer thereof, and
that any such transfer agent is a third party beneficiary of this Agreement. 
  

	 	7.	You acknowledge that, as of the Grant Date of this Award, Fidelity Brokerage Services LLC, National Financial Services LLC and their affiliated companies (collectively,
“Fidelity”) have been engaged by Bank of America to provide recordkeeping, administrative and brokerage services to participants in the Stock Plan. In that regard, so long as Fidelity remains engaged by Bank of America to provide those
services, the Net Profit Shares shall be held in a brokerage account administered by Fidelity during the period of non-transferability described in paragraph 5 above. BY ENTERING INTO THIS AGREEMENT, YOU ARE ALSO HEREBY ENTERING INTO THE
INSTRUCTION LETTER WITH FIDELITY IN THE FORM ATTACHED HERETO AS EXHIBIT B, pursuant to which you authorize Fidelity to follow any duly authorized instructions of Bank of America regarding the cancellation of Net Profit Shares in
accordance with paragraph 6 above. Fidelity shall be a third party beneficiary of this Agreement for purposes of relying on the provisions of this paragraph 7. 

  

	 	8.	You agree that, upon request, you will furnish a letter agreement providing (i) that you will not distribute or resell in violation of the Securities Act of 1933,
as amended, any of the Shares acquired upon your exercise of the Option, (ii) that you indemnify and hold Bank of America harmless against all liability for any such violation and (iii) that you will accept all liability for any such
violation. 

  

	 	9.	The existence of this Option shall not affect in any way the right or power of Bank of America or its stockholders to make or authorize any or all adjustments,
recapitalizations, reorganizations or other changes in Bank of America’s capital structure or its business, or any merger or consolidation of Bank of America, or any issue of bonds, debentures, preferred or prior preference stocks ahead of or
convertible into, or otherwise affecting the Common Stock or the rights thereof, or the dissolution or liquidation of Bank of America, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding,
whether of a similar character or otherwise. 

  

	 	10.	Bank of America may, in its sole discretion, decide to deliver any documents related to this Option grant or future Awards that may be granted under the Stock Plan by
electronic means or request your consent to participate in the Stack Plan by electronic means. You hereby consent to receive such documents by electronic delivery and, if requested, agree to participate in the Stock Plan through an on-line or
electronic system established and maintained by Bank of America or another third party designated by Bank of America. 

 Any notice which either party hereto may be required or permitted to give to the other shall be in writing and may be delivered personally, by intraoffice mail, by fax, by electronic mail or other electronic means, or via a postal service,
postage prepaid, to such electronic mail or postal address and directed to such person as Bank of America may notify you from time to time; and to you at your electronic mail or postal address as shown on the records of Bank of America from time to
time, or at such other electronic mail or postal address as you, by notice to Bank of America, may designate in writing from time to time. 
  

	 	11.	Regardless of any action Bank of America or your employer takes with respect to any or all income tax, payroll tax or other tax-related withholding (“Tax-Related
Items”), you acknowledge that the ultimate liability for all Tax-Related Items owed by you is and remains your responsibility and that Bank of America and/or your employer (i) make no representations or 

 2008 U.S. Stk. Opt. 08C3YH 
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 Page 5 of 11 
  

  
  

 undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option grant, including the grant, vesting or exercise of the Option, the subsequent sale of Shares
acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the Option to reduce or eliminate your liability for Tax-Related Items. 
 Prior to exercise of the Option, you shall pay or make adequate arrangements satisfactory to Bank of America and/or your employer to satisfy
all withholding obligations of Bank of America and/or your employer. In this regard, you authorize Bank of America and/or your employer to withhold all applicable Tax-Related Items legally payable by you from your wages or other cash compensation
paid to you by Bank of America and/or your employer or from proceeds of the sale of the Shares. Alternatively, or in addition, to the extent permissible under applicable law, Bank of America may (i) sell or arrange for the sale of Shares that
you acquire to meet the withholding obligation for Tax-Related Items, and/or (ii) withhold in Shares, provided that Bank of America only withholds the amount of Shares necessary to satisfy the minimum withholding amount. Finally, you shall pay
to Bank of America or your employer any amount of Tax-Related Items that Bank of America or your employer may be required to withhold as a result of your participation in the Stock Plan or your purchase of Shares that cannot be satisfied by the
means previously described. Bank of America may refuse to honor the exercise and refuse to deliver the Shares if you fail to comply with your obligations in connection with the Tax-Related Items as described in this paragraph 11. 
  

	 	12.	The validity, construction and effect of this Agreement are governed by, and subject to, the laws of the State of Delaware and the laws of the United States, as
provided in the Stock Plan. For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this grant or this Agreement, the parties hereby submit to and consent to the exclusive
jurisdiction of North Carolina and agree that such litigation shall be conducted solely in the courts of Mecklenburg County, North Carolina or the federal courts for the United States for the Western District of North Carolina, where this grant is
made and/or to be performed, and no other courts. 

  

	 	13.	In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the
Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. This Agreement constitutes the final understanding between you and Bank of America regarding the Option. Any prior agreements,
commitments or negotiations concerning the Option are superseded. Subject to the terms of the Stock Plan, this Agreement may only be amended by a written instrument signed by both parties. 

 IN WITNESS WHEREOF, Bank of America has caused this Agreement to be executed by its duly authorized officer, and you have hereunto set your
hand, all effective as of the Grant Date listed above. 
  

									
		 	BANK OF AMERICA CORPORATION	 	ASSOCIATE	 	
					
		 	By:	 	 /s/ Kenneth D. Lewis	 		 	
				
		 	Chairman, Chief Executive Officer and President	 	  
	 	

 2008 U.S. Stk. Opt. 08C3YH 
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 Exhibit A 
 Bank of America Corporation 
 2003 Key Associate Stock Plan 
 VESTING OF STOCK OPTION AWARD 
 (a)       VESTING SCHEDULE. Subject to the provisions of paragraph (b) below, the Option shall vest and become exercisable on the third anniversary
of the Grant Date if you remain employed with Bank of America and its Subsidiaries through that date. 
 (b)       EFFECT OF TERMINATION OF EMPLOYMENT ON VESTING. The termination of
your employment with Bank of America and its Subsidiaries before the vesting date in paragraph (a) above shall affect the vesting of the Option depending on the reason for termination as follows: 
 Death, Disability, Workforce Reduction or Divestiture: To the extent the Option was not already vested pursuant to paragraph
(a) above, the Option shall become fully (100%) vested as of the date of your death, Disability, or termination of employment due to Workforce Reduction or Divestiture. If you satisfied the Rule of 60 as of the date of your termination of
employment due to your death or Disability, then notwithstanding the provisions of paragraph 3 of the Agreement to the contrary, the Option will remain exercisable until the Expiration Date of the Option. 
 Cause: The Option shall immediately terminate and be canceled as of the date of termination of employment, even if it had previously
vested to any extent pursuant paragraph (a) above prior to termination of employment. 
 Rule of 60: If your
employment terminates for any reason other than death, Disability or Cause after you have attained the Rule of 60, then, after applying the vesting rules applicable to termination due to Workforce Reduction or Divestiture as set forth above in this
paragraph (b) (if applicable), any unvested Options shall continue to become vested and exercisable in accordance with the schedule set forth in paragraph (a) above, provided that (A) you do not engage in Competition during such
period and (B) prior to each of the first, second and third anniversary of the Grant Date, you provide Bank of America with a written certification that you have not engaged in Competition. To be effective, such certification must be provided
on such form, at such time and pursuant to such procedures as Bank of America shall establish from time to time. If Bank of America determines in its reasonable business judgment that you have failed to satisfy either of the foregoing requirements,
then: 
  

	 	(A)	any unvested Options shall be immediately canceled as of the date of such determination; and 

  

	 	(B)	any vested Options shall cease to be exercisable as of the later of (i) the date of such determination or (ii) the applicable Cancellation Date under
paragraph 3 of the Agreement that would have applied if you had not attained the Rule of 60. 

 2008 U.S. Stk. Opt. 08C3YH

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 In addition, from time to time following your termination of employment after having attained the Rule of 60, Bank of America may require you to further certify that you are not engaging in Competition,
and if you fail to fully cooperate with any such requirement Bank of America may determine that you are engaging in Competition. 
 All Other Terminations: Any portion of the Option that was not already vested pursuant to paragraph (a) above as of the date of termination of employment shall terminate and be canceled as of such date. 
 The Option, to the extent vested as provided by this paragraph (b), shall remain exercisable following termination of employment pursuant to
the provisions of paragraph 3 of the Agreement. 
 (c)       DEFINED TERMS. For purposes of this Exhibit A and the Agreement, the following terms shall have the following meanings: 
 All Other Terminations means any termination of your employment with Bank of America and its Subsidiaries prior to your having
attained the Rule of 60, whether initiated by you or your employer, other than a termination due to your death or Disability and other than a termination which constitutes Workforce Reduction, Divestiture or Cause. 
 Cause shall be defined as that term is defined in your offer letter or other applicable employment agreement; or, if there is no such
definition, “Cause” means a termination of your employment with Bank of America and its Subsidiaries if it occurs in conjunction with a determination by your employer that you have (i) committed an act of fraud or dishonesty in the
course of your employment; (ii) been convicted of (or plead no contest with respect to) a crime constituting a felony; (iii) failed to perform your job function(s), which Bank of America views as being material to your position and the
overall business of Bank of America and its Subsidiaries under circumstances where such failure is detrimental to Bank of America or any Subsidiary; (iv) materially breached any written policy applicable to associates of Bank of America and its
Subsidiaries including, but not limited to, the Bank of America Corporation Code of Ethics and General Policy on Insider Trading; or (v) made an unauthorized disclosure of any confidential or proprietary information of Bank of America or its
Subsidiaries or have committed any other material violation of Bank of America’s written policy regarding Confidential and Proprietary Information. 
 Competition means your being engaged, directly or indirectly, whether as a director, officer, employee, consultant, agent, or otherwise, with a business entity that is designated as a
“Competitive Business” as of the date of your termination of employment. Bank of America shall communicate such list to you. 
 Disability is as defined in the Stock Plan. 
 Divestiture means a termination of your employment with
Bank of America and its Subsidiaries as the result of a divestiture or sale of a business unit as determined by your employer based on the personnel records of Bank of America and its Subsidiaries. 
 2008 U.S. Stk. Opt. 08C3YH 
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 Rule of 60 means, as of the date of your termination of employment with Bank of America and its Subsidiaries, you have (i) completed at least ten (10) years of “Vesting Service”
under the tax-qualified Pension Plan sponsored by Bank of America in which you participate and (ii) attained a combined age and years of “Vesting Service” equal to at least sixty (60). 
 Workforce Reduction means your termination of employment with Bank of America and its Subsidiaries as a result of a labor force
reduction, realignment or similar measure as determined by your employer and (i) you receive severance pay under the Corporate Severance Program (or any successor program) upon termination of employment, or (ii) if not eligible to receive
such severance pay, you are notified in writing by an authorized officer of Bank of America or any Subsidiary that the termination is as a result of such action. Your termination of employment shall not be considered due to Workforce Reduction
unless you have first executed all documents required under the Corporate Severance Program or otherwise, including without limitation any required release of claims. 
 2008 U.S. Stk. Opt. 08C3YH 
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 Exhibit B 
 Fidelity Brokerage Services LLC 
 National Financial Services LLC 
 82 Devonshire Street, Mailzone L3B 
 Boston, MA 02109 
  

	 	Re:	Brokerage Account at Fidelity Brokerage Services LLC 

	 	  	Registered in the name of (NAME] (the “Account”) 

 Ladies and Gentlemen: 
 This letter sets forth my instructions to
Fidelity Brokerage Services LLC and National Financial Services LLC (collectively, “Fidelity”) regarding shares of the Common Stock of Bank of America Corporation (the “Issuer”) acquired by me under the Bank of America
Corporation 2003 Key Associate Stock Plan (“Stock Plan”) and held in the Account (the “Shares”). For purposes of this letter, the Shares include any shares of Issuer acquired pursuant to the stock options granted to me under the
Stock Plan in February 2008 or any prior years that are subject to the hold requirement. 
  

	 	1.	I am a participant in the Stock Plan, an equity compensation plan of the Issuer whereby I have been granted options to acquire shares of the Common Stock of the Issuer.

  

	 	2.	I am familiar with the terms of the Stock Plan and applicable grant agreement (“Controlling Documents”) with respect to the Shares. I will not give any
instructions to Fidelity regarding the Shares that are not permitted under the Controlling Documents. 

  

	 	3.	Upon exercise of my option rights, I may from time to time acquire Shares that will be deposited in my Account. 

  

	 	4.	Under the Controlling Documents, the Shares are subject to return to the Issuer under certain circumstances set forth in the Controlling Documents until a date set
forth in the Controlling Documents (the “Restrictions Lapse Date”). 

  

	 	5.	With respect to Shares I hereby instruct Fidelity to restrict my ability to sell, exchange, transfer, pledge or otherwise enter into transactions with respect to the
Shares prior to the Restrictions Lapse Date. 

  

	 	6.	Fidelity may follow any instructions or orders with respect to the Shares given by the Issuer or by a person designated by the Issuer to act on behalf of the Issuer
with respect to the Shares (an “Authorized Person”), or a person Fidelity reasonably believes to be an Authorized Person, including without limitation any instructions regarding the Restrictions Lapse Date and the cancellation, surrender
or other transfer of the Shares to the Issuer (“Issuer Instructions”). 

  

	 	7.	Fidelity shall be under no obligation to verify the validity of any Issuer Instructions under the Controlling Documents or Issuer’s authority to give any Issuer
Instructions. 

  

	 	8.	This letter does not create any obligation of Fidelity except for those expressly set forth herein. Fidelity shall have no liability to me for any act or omission by
Fidelity or any of its employees or representatives, taken or omitted in accordance with such Issuer Instructions. In particular, Fidelity need not investigate whether Issuer is entitled under the Controlling Documents to give Issuer Instructions.

 2008 U.S. Stk. Opt. 08C3YH 
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	 	9.	I agree to indemnify, defend, and hold harmless Fidelity, its affiliates, and their respective successors, officers, directors, employees and assigns, from and against
any and all actions, causes of action, claims, demands, costs, liabilities, expenses (including attorneys’ fees and disbursements) and damages arising out of or in connection with any act or omission of Fidelity taken in good faith in reliance
on the instructions set forth herein or any instruction from me or any Authorized Person. 

  

	 	10.	Fidelity may provide information to the Issuer or any Authorized Person with respect to the Account and the Shares. 

  

	 	11.	These instructions shall continue in effect with respect to Shares until the earlier to occur of (a) the Restrictions Lapse Date or (b) receipt by Fidelity of
written notice by an Authorized Person instructing Fidelity to accelerate the Restrictions Lapse Date. 

  

	 	12.	Fidelity may cease to follow the instructions and undertaking set forth in this letter by delivering thirty days prior written notice (a) to me and (b) to the
Issuer or an Authorized Person. 

  

			
	Sincerely,	 	
		
	  	 	 
	[NAME]	 	
		
	Account Owner	 	

 2008 U.S. Stk. Opt. 08C3YH 
 (3-year hold) 
 Page 11 of 11Retirement Income Assurance Plan for Legacy Fleet

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

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

			
	 	  	PAGE
	 ARTICLE I DEFINITIONS
	  	2
	 1.1 Basic Plan
	  	2
	 1.2 Beneficiary
	  	2
	 1.3 Benefit Commencement Date
	  	2
	 1.4 Cash Balance Participant
	  	2
	 1.5 Code
	  	2
	 1.6 Committee
	  	2
	 1.7 Company
	  	2
	 1.8 Delink Calculation Date
	  	3
	 1.9 Global Human Resources Group
	  	3
	 1.10 Participant
	  	3
	 1.11 Participating Employer
	  	3
	 1.12 Plan
	  	3
	 1.13 Plan Year
	  	3
	 1.14 Post-2004 Benefit
	  	3
	 1.15 Post-2004 Cash Balance Benefit
	  	3
	 1.16 Post-2004 Traditional Benefit
	  	3
	 1.17 Pre-2005 Benefit
	  	4
	 1.18 Pre-2005 Cash Balance Benefit
	  	4
	 1.19 Pre-2005 Traditional Benefit
	  	4
	 1.20 Termination of Employment
	  	4
	 1.21 Traditional Participant
	  	4
	 1.22 Vesting Service
	  	4
		
	 ARTICLE II SOURCE OF BENEFIT PAYMENTS
	  	5
	 2.1 Obligation of Company
	  	5
	 2.2 No Funding Required
	  	5
	 2.3 No Claim to Specific Benefits
	  	5
		
	 ARTICLE III BENEFITS
	  	6
	 3.1 Pre-2005 Traditional Benefit
	  	6
	 3.2 Post-2004 Traditional Benefit
	  	6
	 3.3 Pre-2005 Cash Balance Benefit
	  	7
	 3.4 Post-2004 Cash Balance Benefit
	  	8
	 3.5 Payment of Pre-2005 Benefits to Participants
	  	9
	 3.6 Payment of Post-2004 Benefits to Participants with a Post-2004 Benefit on August 28, 2006
	  	10
	 3.7 Payment of Post-2004 Benefits to New Participants after August 28, 2006
	  	12
	 3.8 General Payment Provisions for Post-2004 Benefits
	  	12
	 3.9 Vesting
	  	13

  

 i 

			
	 3.10 Other Payment Provisions
	  	13
		
	 ARTICLE IV ADMINISTRATION
	  	14
	 4.1 Committee
	  	14
		
	 ARTICLE V AMENDMENT OR TERMINATION OF PLAN
	  	15
	 5.1 Amendment and Termination
	  	15
		
	 ARTICLE VI MISCELLANEOUS
	  	16
	 6.1 Assignment or Alienation
	  	16
	 6.2 Limitation of Rights
	  	17
	 6.3 Receipt and Release
	  	17
	 6.4 Governing Law
	  	17
	 6.5 Status Under ERISA
	  	17
	 6.6 Compliance with Section 409A of the Code
	  	17
	 6.7 Severability
	  	17
	 6.8 Headings and Subheadings
	  	18
	 6.9 Nonduplication of Benefits
	  	18
	 6.10 Social Security Tax
	  	18
	 6.11 Claims Procedure
	  	18
	 6.12 Payment for Benefit of Incapacitated Individual
	  	18
	 6.13 Limited Effect of Restatement
	  	18
	 6.14 Binding Effect
	  	19
		
	 APPENDIX A – Special Rules for Service With Acquired Entities
	  	Appendix A-1

  

 ii 

 RETIREMENT INCOME ASSURANCE
PLAN FOR LEGACY FLEET 
 (AS
AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009) 
 THIS
INSTRUMENT OF AMENDMENT AND RESTATEMENT is executed by BANK OF AMERICA CORPORATION, a Delaware corporation (the “Corporation”); 
 Statement of Purpose 
 The Corporation sponsors the Retirement Income Assurance Plan for
Legacy Fleet (the “Plan”). The purpose of the Plan is to provide benefits, on a non-qualified and unfunded basis, to certain associates whose benefits under The Bank of America Pension Plan for Legacy Fleet, a component document of The
Bank of America Pension Plan for Legacy Companies (the “Basic Plan”), are adversely affected by the limitations of Sections 401(a)(17) and 415 of the Internal Revenue Code, as well as any other limitations that may be placed on highly
compensated participants under such plans. 
 The Corporation is amending and restating the Plan effective January 1, 2009 as set forth
herein to (i) reflect relevant changes in the amendment and restatement of the Basic Plan and (ii) otherwise meet current needs. 
 NOW, THEREFORE, for the purposes aforesaid, the Corporation hereby amends and restates the Plan effective January 1, 2009 to consist of the following Articles I through VII: 

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

	1.1	Basic Plan 

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

	1.2	Beneficiary 

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

	1.3	Benefit Commencement Date 

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

	1.4	Cash Balance Participant 

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

	1.5	Code 

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

	1.6	Committee 

 The Bank of
America Corporate Benefits Committee. 
  

	1.7	Company 

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

 2 

	1.8	Delink Calculation Date 

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

	1.9	Global Human Resources Group 

 The Global Human Resources Group of the Company. 
  

	1.10	Participant 

  

	 	(a)	A Cash Balance Participant; and 

  

	 	(b)	A Traditional Participant. 

  

	1.11	Participating Employer 

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

	1.12	Plan 

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

	1.13	Plan Year 

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

	1.14	Post-2004 Benefit 

  

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

  

	 	(b)	For a Traditional Participant, the Post-2004 Traditional Benefit. 

  

	1.15	Post-2004 Cash Balance Benefit 

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

	1.16	Post-2004 Traditional Benefit 

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

 3 

	1.17	Pre-2005 Benefit 

  

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

  

	 	(b)	For a Traditional Participant, the Pre-2005 Traditional Benefit. 

  

	1.18	Pre-2005 Cash Balance Benefit 

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

	1.19	Pre-2005 Traditional Benefit 

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

	1.20	Termination of Employment 

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

  

	1.21	Traditional Participant 

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

	1.22	Vesting Service 

 Vesting
Service as defined under the Basic Plan. 
  

 4 

 ARTICLE II 
 SOURCE OF BENEFIT PAYMENTS 
  

	2.1	Obligation of Company 

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

	2.2	No Funding Required 

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

	2.3	No Claim to Specific Benefits 

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

 5 

 ARTICLE III 
 BENEFITS 
  

	3.1	Pre-2005 Traditional Benefit 

  

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

  

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

  

	 	(i)	Amount A is the amount of the accrued benefit the Traditional Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of
December 31, 2004 if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank of America 401(k) Restoration Plan; provided, however, that if the limits of
Section 1.16(c)(i) of the Basic Plan apply to the Traditional Participant, such deferrals will be taken into account under this Section only to the extent the deferrals, when added to the commissions, non-discretionary incentive pay and actual
base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.16(c)(i) of the Basic Plan, and the limitations of Sections 401(a)(17) and 415 of the Code (and the provisions of the Basic Plan
applying those limitations) did not exist; and 

  

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

  

	3.2	Post-2004 Traditional Benefit 

  

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

  

 6 

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

  

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

  

	 	(i)	Amount A is the amount of the accrued benefit the Traditional Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of the
first day of the month on or after the Traditional Participant’s Delink Calculation Date if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank of America
401(k) Restoration Plan; provided, however, that if the limits of Section 1.16(c)(i) of the Basic Plan apply to the Traditional Participant, such deferrals will be taken into account under this Section 3.2(b) only to the extent the
deferrals, when added to the commissions, non-discretionary incentive pay and actual base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.16(c)(i) of the Basic Plan, and the
limitations of Sections 401(a)(17) and 415 of the Code (and the provisions of the Basic Plan applying those limitations) did not exist; and 

  

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

  

	3.3	Pre-2005 Cash Balance Benefit 

  

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

  

 7 

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

  

	 	(i)	Amount A is the amount of the benefit the Cash Balance Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of
December 31, 2004 (expressed as a lump sum if not otherwise a lump sum) if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank of America 401(k)
Restoration Plan; provided, however, that if the limits of Section 1.16(c)(i) of the Basic Plan apply to the Cash Balance Participant, such deferrals will be taken into account under this Section only to the extent the deferrals, when added to
the commissions, non-discretionary incentive pay and actual base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.16(c)(i) of the Basic Plan, and “earnings” under the Basic
Plan were not limited by Section 401(a)(17) of the Code, and the limitations of Section 415 of the Code (and provisions of the Basic Plan applying those limitations) did not exist; and 

  

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

  

	3.4	Post-2004 Cash Balance Benefit 

  

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

  

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

  

 8 

	 	(i)	Amount A is the amount of the benefit the Cash Balance Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of the Cash
Balance Participant’s Delink Calculation Date (expressed as a lump sum if not otherwise a lump sum) if “earnings” under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank
of America 401(k) Restoration Plan; provided, however, that if the limits of Section 1.16(c)(i) of the Basic Plan apply to the Cash Balance Participant, such deferrals will be taken into account under this subsection only to the extent the
deferrals, when added to the commissions, non-discretionary incentive pay and actual base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.16(c)(i) of the Basic Plan, and
“earnings” under the Basic Plan were not limited by Section 401(a)(17) of the Code but were limited to an annual maximum of $250,000, and the limitations of Section 415 of the Code (and provisions of the Basic Plan applying those
limitations) did not exist; and 

  

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

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

	3.5	Payment of Pre-2005 Benefits to Participants 

  

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

  

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

  

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

  

 9 

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

  

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

  

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

  

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

  

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

  

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

  

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

  

 10 

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

  

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

  

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

  

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

  

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

  

 11 

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

  

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

  

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

  

	3.8	General Payment Provisions for Post-2004 Benefits 

  

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

  

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

  

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

  

	 	(b)	 Automatic Lump Sum Payment for Cash Balance Participants: Notwithstanding any provision in the Plan to the contrary, but subject to the
provisions of subsection (d) of this Section, if applicable, a Cash Balance Participant’s Post-2004 Benefit shall be payable in a single cash payment during the first 90 days of the calendar year following the Participant’s
Termination of

  

 12 

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

  

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

  

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

  

	3.9	Vesting 

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

	3.10	Other Payment Provisions 

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

 13 

 ARTICLE IV 
 ADMINISTRATION 
  

	4.1	Committee 

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

 14 

 ARTICLE V 
 AMENDMENT OR TERMINATION OF PLAN 
  

	5.1	Amendment and Termination 

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

  

 15 

 ARTICLE VI 
 MISCELLANEOUS 
  

	6.1	Assignment or Alienation 

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  

 16 

	6.2	Limitation of Rights 

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

	6.3	Receipt and Release 

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

	6.4	Governing Law 

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

	6.5	Status Under ERISA 

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

	6.6	Compliance with Section 409A of the Code 

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

	6.7	Severability 

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

 17 

	6.8	Headings and Subheadings 

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

	6.9	Nonduplication of Benefits 

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

	6.10	Social Security Tax 

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

	6.11	Claims Procedure 

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

	6.12	Payment for Benefit of Incapacitated Individual 

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

	6.13	Limited Effect of Restatement 

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

 18 

	6.14	Binding Effect 

 The Plan
(including any and all amendments thereto) shall be binding upon the Participating Employers, their respective successors and assigns, and upon the Participants and their Beneficiaries and their respective heirs, executors, administrators, personal
representatives and all other persons claiming by, under or through any of them. 
 IN WITNESS WHEREOF, Bank of America
Corporation has caused the Plan to be executed by its duly authorized officer this 18th day of December, 2009. 
  

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

  

 19 

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

	A.	Shawmut National Corporation 

  

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

  

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

  

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

  

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

  

 Appendix A-1 

							
	 	 	 	 
	 NAME
  
	  	 PERSON NUMBER
  
	  	  	  	 OPENING CASH
BALANCE
  

	 		 	 
	 CLAFFEE, JAMES
  
	  	Not Available  
	  	 	  	$    2,418.50      

	 		 	 
	 DELFINO, PAUL
  
	  	Not Available  
	  	 	  	$    6,747.34      

	 		 	 
	 EYLES, DAVID
  
	  	Not Available  
	  	 	  	$  17,775.70      

	 		 	 
	 FALK, MICHAEL
  
	  	Not Available  
	  	 	  	$    1,509.82      

	 		 	 
	 HEDGES JR., ROBERT
  
	  	Not Available  
	  	 	  	$    3,074.22      

	 		 	 
	 HUSTON, JOHN
  
	  	Not Available  
	  	 	  	$    7,843.30      

	 		 	 
	 MALLON, WILLIAM
  
	  	Not Available  
	  	 	  	$    4,567.26      

  

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

  

							
	 	 	 	 
	 NAME
  
	  	 PERSON
NUMBER
  
	  	  	  	 EXCESS PLAN OFFSET
OF MONTHLY NORMAL
RETIREMENT BENEFIT
  

	 		 	 
	 BERGER, JOHN
  
	  	Not Available  
	  	 	  	$     382.62      

	 		 	 
	 BROMAGE, WILLIAM
  
	  	Not Available  
	  	 	  	$     364.00      

	 		 	 
	 KRAUS, EILEEN
  
	  	Not Available  
	  	 	  	$  2,294.25      

	 		 	 
	 OVERSTROM, GUNNAR
  
	  	Not Available  
	  	 	  	$  8,170.96      

	 		 	 
	 ROTTNER, SUSAN
  
	  	23510624  
	  	 	  	$     565.74      

  

	B.	Liberty Wanger Asset Management 

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

 Appendix A-2 

	C.	Progress Investment Management Company, Inc. 

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

	D.	Fleet Capital Corporation 

  

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

  

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

  

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

  

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

  

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

  

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

  

 Appendix A-3 

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

  

	 	3.	Amount Of Benefit: Notwithstanding Article IV, the benefits of Fleet Capital Participants shall be determined as follows: 

  

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

  

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

  

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

  

	 	(i)	 equals the monthly benefit which would have been provided to such Participant or his Beneficiary under the Specification

  

 Appendix A-4 

	 	 
Schedule M of the Basic Plan, calculated without regard to the following: 

  

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

  

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

  

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

  

	 	(D)	without regard to the reduction in bonus earnings taken into consideration in determining Specification Schedule M of the Basic Plan pensionable earnings pursuant to
Section 1.3(a)(ii) thereof; and 

  

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

  

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

  

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

  

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

  

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

  

 Appendix A-5 

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

  

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

  

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

  

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

  

	 	(C)	with respect to bonus earnings paid prior to July 1, 1997, without regard to the reduction in bonus earnings taken into consideration in determining Specification
Schedule M of the Basic Plan pensionable earnings pursuant to Section 1.3(a)(ii) thereof; 

  

	 	(D)	with respect to bonus earnings paid on or after July 1, 1997, without regard to so much of the reduction in bonus earnings excluded in determining Specification
Schedule M of the Basic Plan pensionable earnings pursuant to Section 1.3(a)(ii) thereof as does not exceed 150% of such Participant’s annual base salary or wages taken into consideration as pensionable earnings under the terms of the
Specification Schedule M of the Basic Plan; and 

  

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

  

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

  

	 	(A)	 equals the benefit which will be provided to such Participant or his Beneficiary under Specification Schedule M of the

  

 Appendix A-6 

	 	 
Basic Plan subject to the restrictions and limitations described in paragraph (i); 

  

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

  

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

  

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

  

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

  

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

  

	 	(B)	with respect to bonus earnings included in determining pensionable earnings pursuant to Section 1.3(a)(ii) of said Specification Schedule thereof up to 20% of such
Participant’s annual base salary or wages taken into consideration as pensionable earnings under the terms of such Specification Schedule; 

  

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

  

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

  

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

  

 Appendix A-7 

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

  

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

  

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

  

 Appendix A-8 

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

  

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

  

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

  

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

  

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

 Class II Participants 
  

					
	  
 PERSON NUMBER
  
	 	  
 LAST NAME
  
	 	  
 FIRST NAME
  

	  
 28086101
  
	 	  
 Coppedge
  
	 	  
 Ferrell
  

	  
 24848406
  
	 	  
 Farley
  
	 	  
 Michael
  

	  
 29958700
  
	 	  
 Strauss
  
	 	  
 Philip
  

	  
 30119520
  
	 	  
 Swindells
  
	 	  
 William
  

 Class III Participants 
  

					
	  
 PERSON NUMBER
  
	 	  
 LAST NAME
  
	 	  
 FIRST NAME
  

	  
 30119129
  
	 	  
 Meyers
  
	 	  
 James
  

  

 Appendix A-9 

 Class IV Participants 
  

					
	  
 PERSON NUMBER
  
	 	  
 LAST NAME
	 	  
 FIRST NAME

	  
  
 30050784
  
	 	  
 Ausburn
	 	  
 Lawrence

	  
  
 23735129
  
	 	  
 Clack

	 	  
 Ronald

	  
  
 30117855
  
	 	  
 Dianich
	 	  
 Michael Sr.

	  
  
 22267721
  
	 	  
 Dumelin

	 	  
 Bruce

	  
  
 30120791
  
	 	  
 Gagnon
	 	  
 Richard

	  
  
 30117694
  
	 	  
 Johnson

	 	  
 Michael

	  
  
 24464035
  
	 	  
 Meier
	 	  
 Alan

	  
  
 25059340
  
	 	  
 Pengelly
	 	  
 Audrey

	  
  
 29749184
  
	 	  
 Solomon
	 	  
 Stuart

 Class V Participants 
  

					
	  
 PERSON NUMBER
  
	 	  
 LAST NAME
	 	  
 FIRST NAME

	  
 21313318
  
	 	  
 Kreft
	 	  
 Ira

	  
 26520022
  
	 	  
 Tornow

	 	  
 Brian

	  
       Not Available
  
	 	  
 Terry
	 	  
 J. Cameron

	  
 21551974
  
	 	  
 Broderick
	 	  
 Timothy

	  
 25506500
  
	 	  
 Clarke
	 	  
 Timothy

  

 Appendix A-10

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