Document:

Exhibit 10.72

 Exhibit. 10.72 
 

 
  

					
		 		 	SUN TRUST BANKS, INC.
		 		 	2004 STOCK PLAN
			
		 		 	DIRECTOR RESTRICTED
		 		 	STOCK AGREEMENT
			
		 		 	GRANT DATE: ___________
			
		 		 	___________________________

 SunTrust Banks, Inc. (“SunTrust”), a Georgia corporation, upon the recommendation of the
Governance and Nominating Committee of its Board of Directors and pursuant to action of the Compensation Committee (“Committee”) in accordance with the SunTrust Banks, Inc. 2004 Stock Plan (“Plan”), has granted restricted shares
of SunTrust Common Stock, $1.00 par value (“Restricted Stock”), upon the following terms as an incentive for Grantee to promote the interests of SunTrust and its Subsidiaries. 
  

			
	 Name of Grantee
	 	 _______________________________

		
	 Shares of Restricted Stock
	 	 _______________________________

		
	 Fair Market Value Per Share
	 	 _______________________________

		
	 Date of Grant
	 	 _______________________________

 This Restricted Stock Agreement (“Stock Agreement”) evidences this Grant, which has been
made subject to all the terms and conditions set forth on the attached Terms and Conditions and in the Plan. 
  

	
	 SUNTRUST BANKS, INC.

	
	

	 Authorized Officer

			
	SUNTRUST BANKS, INC.	 	
	2004 STOCK PLAN	 	GRANT DATE: ____________

 TERMS AND CONDITIONS OF RESTRICTED STOCK GRANT 
 § 1. EFFECTIVE DATE. This Grant of Restricted Stock to the Grantee is effective as of
                     (“Grant Date”). 
 § 2. VESTING. All shares of Restricted Stock subject to this Grant shall vest on
                     (“Vesting Date”), provided that Grantee is an active member of SunTrust’s Board of Directors
(“Board”) on that date and such shares have not previously vested or been forfeited pursuant to § 3. 
 § 3. ACCELERATED
VESTING. 
 (a) If the Grantee’s membership on the Board terminates prior to the Vesting Date as a result of the Grantee’s
(i) death or (ii) Disability (within the meaning of § 22(e)(3) of the Internal Revenue Code of 1986, as amended (the “Code”)) or (iii) attainment of mandatory retirement age for Board members, then any shares of
Restricted Stock that are not then vested shall be vested pro rata on the date of the Grantee’s departure from the Board. 
 (b) If
there is a Change in Control Date for SunTrust (as defined in the Plan) followed by the involuntary termination of the Grantee’s membership on the Board prior to the Vesting Date and if such termination is not a Termination for Cause, then any
shares of Restricted Stock not previously vested or forfeited shall become vested on the date of such termination. For purposes of this § 3(b), “Termination for Cause” means termination of membership on the Board which is made
primarily because of (i) Grantee’s commission of a felony, or Grantee’s perpetration of a dishonest act, misappropriation of funds, embezzlement, criminal conduct or common law fraud against SunTrust or any Subsidiary, or
(ii) any other willful act or omission of the Grantee which is materially injurious to the financial condition or business reputation of SunTrust or any Subsidiary. 
 (c) If the Grantee’s membership on the Board terminates prior to the Vesting Date for any reason other than those described in § 3(a) or § 3 (b), then any shares of Restricted Stock that are not
then vested shall be completely forfeited on the date of such termination. 
 (d) For purposes of § 3(a) above, the pro rata
calculation shall be made by multiplying the number of shares of Restricted Stock that are not then vested by a fraction, having a numerator equal to 
 the number of days since the Grant Date through the date of such termination of membership on the Board, and having a denominator equal to the number of days from the Grant Date through the Vesting Date. 

§ 4. CHANGE IN CONTROL DATE – means either the date which includes the “closing” of the transaction which makes a Change in
Control effective if the Change in Control is made effective through a transaction which has a “closing” or the date a Change in Control is reported in accordance with the applicable law as effective to the Securities and Exchange
Commission if the Change in Control is made effective other than through a transaction which has a “closing.” 
 § 5.
GRANTEE’S RIGHTS DURING RESTRICTED PERIOD. 
 (a) During any period when the shares of Restricted Stock are forfeitable, the Grantee may
generally exercise all the rights, powers, and privileges of a shareholder with respect to such shares, including the right to vote such shares and to receive all regular cash dividends and any Stock dividends, and such other distributions as the
Committee may designate in its sole discretion, that are paid or distributed on such shares of Restricted Stock. Any Stock dividends declared on a share of Restricted Stock shall be treated as part of the Grant of Restricted Stock and shall be
forfeited or become nonforfeitable at the same time as the underlying Restricted Stock with respect to which such Stock dividend was declared. 
 (b) No rights granted under the Plan or this Stock Agreement and no shares issued pursuant to this Grant shall be deemed transferable by the Grantee other than by will or by the laws of descent and distribution prior to the time the
Grantee’s interest in such shares has become fully vested. 
 § 6. DELIVERY OF VESTED SHARES. 
 (a) Shares of Restricted Stock that have vested in accordance with § 2 or § 3 shall be transferred to the Grantee as soon as practicable after
vesting occurs. 
 (b) By accepting shares of Restricted Stock, the Grantee agrees not to sell such shares at a time when applicable laws or
SunTrust’s rules prohibit a sale. This restriction will apply as long as the Grantee is a director, employee or consultant of SunTrust or a Subsidiary. Upon receipt of 

 
nonforfeitable shares subject to this Stock Agreement, the Grantee agrees, if so requested by SunTrust, to hold such shares for investment and not with a
view of resale or distribution to the public, and if requested by SunTrust, the Grantee must deliver to SunTrust a written statement satisfactory to SunTrust to that effect. The Committee may refuse to transfer any shares to Grantee for which
Grantee refuses to provide an appropriate statement. 
 (c) To the extent that Grantee does not vest in any shares of Restricted Stock, all
interest in such shares shall be forfeited. The Grantee has no right or interest in any share of Restricted Stock that is forfeited. 
 § 7. OTHER LAWS. SunTrust shall have the right to refuse to issue or transfer any shares under this Stock Agreement if SunTrust acting in its absolute discretion determines that the issuance or transfer of such Stock might violate any
applicable law or regulation. 
 § 8. MISCELLANEOUS. 
 (a) This Stock Agreement shall be subject to all of the provisions, definitions, terms and conditions set forth in the Plan, all of which are incorporated by reference in this Stock Agreement. (b) The Plan and
this Stock Agreement shall be governed by the laws of the State of Georgia (without regard to its choice-of-law provisions).Exhibit 10.74

 Exhibit 10.74 
 

 
  

					
		 		  	 SUN TRUST BANKS, INC.
 2004 STOCK PLAN

			
		 		  	 DIRECTOR RESTRICTED STOCK UNIT AGREEMENT

			
		 		  	GRANT DATE:
                        
			
		 		  	  

 SunTrust Banks, Inc. (“SunTrust”), a Georgia corporation, upon the recommendation of the
Governance and Nominating Committee of its Board of Directors and pursuant to action of the Compensation Committee (“Committee”) in accordance with the SunTrust Banks, Inc. 2004 Stock Plan (“Plan”), has granted restricted stock
units upon the following terms as an incentive for Grantee to promote the interests of SunTrust and its Subsidiaries. Each restricted stock unit represents a right to receive a payment in cash equal to the fair market value of SunTrust Common Stock,
$1.00 par value, as of the date the payment is due pursuant to § 5 of this Agreement. 
  

			
	 Name of Grantee
	  	 _____________________

		
	 Number of Units
	  	 _____________________

		
	 SunTrust Common Stock
	  	
	 Fair Market Value Per Share
	  	 $____________________

		
	 Date of Grant
	  	 _____________________

 This Restricted Stock Unit Agreement (“Agreement”) evidences this Grant, which has been
made subject to all the terms and conditions set forth on the attached Terms and Conditions and in the Plan. 
  

	
	 SUNTRUST BANKS, INC.

	
	

	 Authorized Officer

			
	SUNTRUST BANKS, INC.	  	
	2004 STOCK PLAN	  	GRANT DATE
                        

 TERMS AND CONDITIONS OF RESTRICTED STOCK GRANT 
 § 1. EFFECTIVE DATE. This Grant of Restricted Stock Units (“Units”) to the Grantee is effective as of
                 (“Grant Date”). 
 § 2. VESTING. All Units subject to this Grant shall vest on                  (“Vesting Date”), provided that Grantee is an active
member of SunTrust’s Board of Directors (“Board”) on that date and such Units have not previously vested or been forfeited pursuant to § 3. 
 § 3. ACCELERATED VESTING. 
 (a) If the Grantee’s membership on the Board terminates prior to the
Vesting Date as a result of the Grantee’s (i) death or (ii) Disability (within the meaning of § 22(e)(3) of the Internal Revenue Code of 1986, as amended (the “Code”)) or (iii) attainment of mandatory retirement
age for Board members, then any Units subject to this Grant that are not then vested shall be vested pro rata on the date of the Grantee’s departure from the Board. 
 (b) If there is a Change in Control Date for SunTrust (as defined in the Plan) followed by the involuntary termination of the Grantee’s membership on the Board prior to the Vesting Date, and if such
termination is not a Termination for Cause, then any Units not previously vested or forfeited shall become vested on the date of such termination. For purposes of this § 3(b), “Termination for Cause” means termination of membership on
the Board which is made primarily because of (i) Grantee’s commission of a felony, or Grantee’s perpetration of a dishonest act, misappropriation of funds, embezzlement, criminal conduct or common law fraud against SunTrust or any
Subsidiary, or (ii) any other willful act or omission of the Grantee which is materially injurious to the financial condition or business reputation of SunTrust or any Subsidiary. 
 (c) If the Grantee’s membership on the Board terminates prior to the Vesting Date for any reason other than those described in § 3(a) or § 3(b), then any Units that are not
then vested shall be completely forfeited on the date of such termination. 
 (d) For purposes of § 3(a) above, the pro rata
calculation shall be made by multiplying the number of Units that are not then vested by a fraction, having a numerator equal to the number of days since the Grant Date through the date of such termination of membership on the Board, and having a
denominator equal to the number of days from the Grant Date through the Vesting Date. 
 § 4. CHANGE IN CONTROL DATE – means either
the date which includes the “closing” of the transaction which makes a Change in Control effective if the Change in Control is made effective through a transaction which has a “closing” or the date a Change in Control is reported
in accordance with the applicable law as effective to the Securities and Exchange Commission if the Change in Control is made effective other than through a transaction which has a “closing.” 
 § 5. GRANTEE’S RIGHTS PRIOR TO PAYMENT. 
 (a) Each Unit subject to this Agreement that has not been forfeited or paid out pursuant to § 6 below shall be credited with any regular cash dividends and any Stock dividends, and such other distributions as the Committee may
designate in its sole discretion, that are paid or distributed on shares of Common Stock as though the Unit represented one whole share of Common Stock. Such dividends or distributions shall be treated as though they were reinvested in Units and
part of the Grant, so that they shall be forfeited or become nonforfeitable at the same time as the Units. 
 (b) Neither the Plan, this
Agreement nor the Units give the Grantee any rights as a shareholder of SunTrust. The Grantee is an unsecured general creditor of SunTrust with respect to any cash payment relating to vested Units, and any payment provided pursuant to this Agreement
shall be made from SunTrust’s general assets. 
 (c) No Units granted pursuant to this Agreement shall be deemed transferable by the
Grantee other than by will or by the laws of descent and distribution prior to the time the Units become distributable to the Grantee or to his or her beneficiary. 
 § 6. PAYMENT OF UNIT CASH VALUE. 
 (a) The value of vested Units held on behalf of Grantee shall not be
distributed until the Grantee has ceased to serve on the Board. Following the Grantee’s departure from the Board, payment will be made in cash for the Grantee’s vested Units pursuant to the method elected by the Grantee in accordance with
the same rules as apply to deferrals made under the SunTrust Banks, Inc. Directors Deferred Compensation Plan or such 

 
successor plan as may be designated by the Committee. 
 (b) To the extent that Grantee does not vest in any Units, all interest in such Units shall be forfeited. The Grantee has no right or interest in any Unit that is forfeited. 
 § 6. MISCELLANEOUS. 
 (a) This Agreement shall be subject to all of the
provisions, definitions, terms and conditions set forth in the Plan, all of which are incorporated by reference in this Agreement. 
 (b) The Plan and this Agreement shall be governed by the laws of the State of Georgia (without regard to its choice-of-law provisions).

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