Document:

Form of Restricted Stock Award Agreement (2009 Performance-Based Award)

 Exhibit 10.2 
 RESTRICTED STOCK AWARD AGREEMENT 
 (2009 Performance-Based Award) 
 This Agreement (“Agreement”) is made this <Grant Date> by and between <Participant Name> (“Participant”) and The
Progressive Corporation (the “Company”). 
 1. Award of Restricted Stock. The Company hereby grants to Participant an award
(the “Award”) of restricted stock (the “Restricted Stock”) consisting of <# of Shares> of the Company’s Common Shares, $1 Par Value (“Common Shares”), pursuant and subject to The Progressive Corporation 2003
Incentive Plan, as amended by the First Amendment to The Progressive Corporation 2003 Incentive Plan (collectively, the “Plan”). 
 2. Condition to Participant’s Rights under this Agreement. This Agreement shall not become effective, and Participant shall have no rights with respect to the Award or the Restricted Stock, unless and until the Participant has
fully executed this Agreement and delivered it to the Company (in the Company’s discretion, such execution and delivery may be accomplished through electronic means). 
 3. Restrictions; Vesting. The Restricted Stock shall be subject to the restrictions and other terms and conditions set forth in the Plan, which
are hereby incorporated herein by reference, and in this Agreement. Subject to the terms and conditions of the Plan and this Agreement, Participant’s rights in and to the shares of Restricted Stock shall vest, if at all, as follows: 

 

	 	a.	Evaluation Period. The Evaluation Period shall be the <#>-year period comprised of the years <Calendar Years>. 

  

	 	b.	Vesting. An Award, or portion of an Award, shall vest hereunder only if and when the Compensation Committee of the Board of Directors (the “Committee”) certifies
(the “Certification Requirement”): 

  

	 	1.	the extent to which the Company’s performance results have satisfied the performance criteria set forth in both subparagraphs (c) and (d) below; and

  

	 	2.	the corresponding number of Common Shares (if any) that have vested as a result of such performance. 

 Such certification shall occur as soon as practicable after the end of the Evaluation Period, but in any event must occur (if at all) on
or before <expiration date> (the “Expiration Date”). 
  

	 	c.	Profitability Requirement. No Award, or portion of an Award, shall vest hereunder unless the Company has achieved a combined ratio of 96 or less, determined in accordance
with GAAP, for the twelve (12) consecutive fiscal months immediately preceding the date of the certification described in subparagraph (b) above (the “Profitability Requirement”). 

  

	 	d.	Number of Shares Vesting. Provided that the Profitability Requirement and the Certification Requirement have both been satisfied, the number of Common Shares (if any) that
vest hereunder will be determined as follows: 

  

	 	1.	If the Company’s compounded annual rate of growth in direct premiums written for the Evaluation Period (“Company Growth Rate,” determined as provided below) exceeds
the compounded annual rate of growth of the market as a whole for the Evaluation Period (“Market Growth Rate,” determined as provided below), by < Full Vesting Goal> percentage points or more, then the entire Award will vest;

  

	 	2.	If the Company Growth Rate exceeds <Partial Vesting Goal>, a portion of the Award (rounded up, if necessary, to the nearest whole number of Common Shares) will vest, according
to the following calculation: 

 <Partial Vesting Formula> 
 The portion of the Award that will not vest under the foregoing calculation shall be immediately forfeited; and 

	 	3.	If the Company Growth Rate is equal to or less than the <Minimum Vesting Requirement>, or if either the Profitability Requirement or the Certification Requirement has not been
satisfied with respect to the Award on or before the applicable date provided for herein, none of the Award shall vest, and the Award shall be immediately forfeited; 

  

	 	4.	For purposes of these determinations: 

  

	 	A.	Subject to any adjustment(s) that may be required by subparagraphs (B), (C) or (D) below: 

  

	 	i.	The Company Growth Rate will be the compounded annual rate of growth in direct premiums written during the Evaluation Period, determined by comparing (a) the annual aggregate
direct premiums written by the Company in its Private Passenger Auto and Commercial Auto businesses for <Last Year of Evaluation Period>, as reported by A.M Best in its annual report currently know as the “A2 Report,” with
(b) such direct premiums written by the Company for <Comparison Year> as reported in A.M. Best’s A2 Report; and 

  

	 	ii.	The Market Growth Rate will be the compounded annual rate of growth in direct premiums written during the Evaluation Period, determined by comparing (a) the aggregate direct
premiums written for the Private Passenger Auto market and the Commercial Auto market for <Last Year of Evaluation Period>, as reported in A.M. Best’s A2 Report, with (b) such direct premiums written for <Comparison Year> as
reported in A.M. Best’s A2 Report; 

  

	 	B.	If <Last Year of Evaluation Period> is a 53-week year under the Company’s fiscal calendar, then in determining the Company Growth Rate and the Market Growth Rate as set
forth in subparagraph (A) above, the aggregate direct premiums written for such year will be reduced, for both the Company and the market as a whole, by an amount equal to twenty percent (20%) of the direct premiums written by the Company
in fiscal December for such year in its Private Passenger Auto and Commercial Auto businesses, as determined from the Company’s records; 

  

	 	C.	In making the calculations required hereunder, the Company Growth Rate and the Market Growth Rate shall each be rounded to the nearest one-thousandth of a whole percentage point
(e.g., a growth rate of 2.376666% will be rounded to 2.377%); and 

  

	 	D.	In the event that A.M. Best ceases to publish the A2 Report, or modifies the A2 Report in such a way as to render the comparisons required by this calculation to be not meaningful,
in the Committee’s sole judgment, the determinations required above shall be made using such comparable Company and industry-wide data as may be then available from A.M. Best in any successor or replacement report or publication, or such
comparable data as may be available from another nationally recognized provider of insurance industry data, in each case as the Committee may approve in its sole discretion. 

  

	 	e.	Notwithstanding anything to the contrary contained herein, at the time of vesting or at any time prior thereto, the Committee, in its sole discretion, may reduce the number of
Common Shares that otherwise would vest according to this Agreement, or eliminate the Award in full. The Committee may, in its sole discretion, treat individual participants differently for these purposes. Any such determination by the Committee
shall be final and binding on the Participant. Under no circumstances shall the Committee have discretion to increase the number of Common Shares that are subject to the Award hereunder. 

 The shares of Restricted Stock awarded under this Agreement shall vest in accordance with and subject to the foregoing unless, prior thereto, the Award
and the applicable shares of Restricted Stock are forfeited or have become subject to accelerated vesting under the terms and conditions of the Plan. Until the shares of Restricted Stock vest, Participant shall not sell, transfer, pledge, assign or
otherwise encumber such shares of Restricted Stock or any interest therein. 
 4. Expiration of Award. Notwithstanding anything to the
contrary in this Agreement, if Participant’s rights in and to the shares of Restricted Stock granted hereunder have not vested in accordance with Section 3 of this Agreement on or before the Expiration Date, this Award shall expire at
11:59 p.m. on the Expiration Date. Upon such expiration, the Common Shares issued pursuant to this Agreement shall automatically be forfeited, and Participant shall have no further rights with respect thereto. 

 5. Manner In Which Shares Will Be Held. All shares of Restricted Stock awarded to Participant
hereunder shall be issued in book-entry form and held by the Company, or its designee, in such form, and as such, no stock certificates evidencing such shares will be issued or held with respect to such Restricted Stock. Certain terms, conditions
and restrictions applicable to such Restricted Stock will be noted in the records of the Company’s transfer agent and in the book-entry system. At the Company’s discretion, and subject to the provisions of this Paragraph 5, stock
certificates evidencing the shares of Restricted Stock awarded under this Agreement may be issued and registered in the name of Participant. In such event, such certificates shall be delivered to and held in custody by the Company, or its designee,
until the restrictions thereon shall have lapsed or any conditions to the vesting of such Award, or a portion thereof, have been satisfied, and such certificates shall bear an appropriate legend referring to the terms, conditions and restrictions
applicable to such Award. 
 Participant hereby irrevocably authorizes the Company and the Committee to take any and all appropriate action
with respect to the evidence of Participant’s Restricted Stock, including, without limitation, issuing certificates for such Restricted Stock, issuing such Restricted Stock in book-entry form, transferring any previously issued certificates
into book-entry form, transferring any Restricted Stock (whether held in certificate or book-entry form) into unrestricted form at vesting, or canceling any Restricted Stock (whether held in certificate or book-entry form) as and when required by
this Agreement or the Plan, or undertaking any other action which may be done lawfully by the Company or the Committee in the administration of the Plan and this Agreement. Participant specifically acknowledges and agrees that such certificates
and/or book-entry evidence of Participant’s Restricted Stock may be transferred or cancelled pursuant to this Agreement and the Plan without requiring that a Stock Power be executed and delivered by Participant or requiring any other action on
the part of Participant, and Participant authorizes the Company to undertake each such action without such Stock Powers. 
 Participant
hereby further irrevocably appoints the Secretary of the Company and any employee of the Company who may be designated by the Secretary, and each of them, my true and lawful attorney-in-fact and agent, with full power of substitution and
resubstitution, for me and in my name, place and stead, in any and all capacities, to execute and deliver each and every document (including, without limitation, any such Stock Powers) which may be necessary or appropriate in connection with the
issuance, transfer, cancellation or other action taken in connection with the Restricted Stock awarded hereunder pursuant to this Agreement or the Plan. The rights granted by Participant under this paragraph shall automatically expire as to shares
of Restricted Stock awarded hereunder upon the transfer of such shares into unrestricted form at vesting or upon the cancellation of such shares at any time, as applicable, pursuant to this Agreement and the Plan. 
 6. Rights of Shareholder; Restrictions on Cash Dividends. Except as otherwise provided in this Agreement or the Plan, Participant shall have, with
respect to the shares of Restricted Stock awarded hereunder, all of the rights of a shareholder of the Company, including the right to vote the shares; provided, however, that notwithstanding the foregoing, Participant’s rights to receive cash
dividends on the shares of Restricted Stock awarded hereunder (“Restricted Cash Dividends”) shall be subject to all the terms and conditions regarding vesting and forfeitability that apply to the shares of Restricted Stock to which such
Restricted Cash Dividends relate, as set forth in the Plan and this Agreement, and Participant will be paid such Restricted Cash Dividends only if the Restricted Stock to which the Restricted Cash Dividends relate vests, and all restrictions with
respect thereto lapse. In addition, such Restricted Cash Dividends shall be subject to the terms and conditions set forth in Section 5(b)(8) of the Plan. 
 7. Shares Non-Transferable. No shares of Restricted Stock shall be transferable by Participant other than by will or by the laws of descent and distribution. In the event any Award is transferred or assigned
pursuant to a court order, such transfer or assignment shall be without liability to the Company, and the Company shall have the right to offset against such Award any expenses (including attorneys’ fees) incurred by the Company in connection
with such transfer or assignment. 
 8. Executive Deferred Compensation Plan. If Participant is eligible, and has made the appropriate
election, to defer the Restricted Stock awarded hereunder into The Progressive Corporation Executive Deferred Compensation Plan (the “Deferral Plan”), upon vesting, the shares of Restricted Stock awarded hereunder shall be considered to be
deferred pursuant to the Deferral Plan, subject to and in accordance with the terms and conditions of the Deferral Plan and any deferral agreement entered into by Participant thereunder. 
 9. Termination of Employment. Except as otherwise provided in the Plan or as determined by the Committee, if Participant’s employment with
the Company is terminated for any reason other than death, Disability or Qualified Retirement, all Restricted Stock held by Participant which is unvested or subject to restriction at the time of such termination shall be automatically forfeited.
Without limiting the foregoing, in the event that any such termination occurs after the end of the Evaluation Period but prior to the Committee’s certification as described in Section 3(b) above, the Restricted Stock shall be automatically
forfeited hereunder. 

 10. Taxes. No later than the date as of which an amount first becomes includable in the gross
income of Participant for federal income tax purposes with respect to shares of Restricted Stock awarded under this Agreement, Participant shall pay to the Company, or make arrangements satisfactory to the Committee regarding the payment of, all
federal, state or local taxes or other items of any kind required by law to be withheld with respect to such amount. The obligations of the Company under the Plan shall be conditional on such payment or arrangements and the Company and its
Subsidiaries and Affiliates, to the extent permitted by law, shall have the right to deduct any such taxes from any payment of any kind otherwise due to Participant. At vesting, shares of Restricted Stock awarded hereunder will be valued at Fair
Market Value, as defined in the Plan. 
 Participant must satisfy the minimum statutory tax withholding obligations resulting from the
vesting of shares of Restricted Stock (“Minimum Withholding Obligations”) either (a) by surrendering to the Company shares of Restricted Stock which are then vesting in an amount sufficient to satisfy the Minimum Withholding
Obligations, (b) by surrendering to the Company other unrestricted Common Shares of the Company owned by Participant in an amount sufficient to satisfy the Minimum Withholding Obligations, or (c) by paying the appropriate amount in cash
or, if acceptable to the Company, by check or other instrument. Unless Participant advises the Company of his or her election to use an alternative payment method, Participant shall be deemed to have elected to surrender to the Company shares of
Restricted Stock which are then vesting in an amount sufficient to satisfy the Minimum Withholding Obligations. If Participant requests that the Company withhold taxes in addition to the Minimum Withholding Obligations, such additional withholding
must be satisfied by Participant either (x) by paying the appropriate amount in cash or, if acceptable to the Company, by check or other instrument, or (y) provided that Participant has obtained the approval of either the Company or the
Committee (as required under rules adopted by the Committee) prior to the date of vesting, by surrendering unrestricted Common Shares which are not part of the Restricted Stock then vesting and which have then been owned by Participant in
unrestricted form for more than six (6) months. 
 Under no circumstances will Participant be entitled to satisfy any such additional
withholding by surrendering shares of Restricted Stock which are then vesting or other Common Shares which have then been owned by Participant in unrestricted form for six months or less. In addition, under no circumstances will Participant be
entitled to satisfy any Minimum Withholding Obligations or additional withholding hereunder by surrendering shares of Restricted Stock which are not then vesting or any Restricted Stock which Participant has elected to defer under Paragraph 8
hereof. All payments, surrenders of shares, elections or requests for approval hereunder must be made by Participant in accordance with such procedures as may be adopted by the Company in connection therewith, and subject to such rules as have been
or may hereafter be adopted by the Committee with respect thereto. 
 11. Entire Agreement. This Agreement constitutes the entire
agreement between the parties and supersedes and cancels any other agreement, representation or communication, whether oral or in writing, between the parties hereto relating to subject matter hereof, provided that the Agreement shall be at all
times subject to the Plan as provided above. 
 12. Amendment. The Committee, in its sole discretion, may hereafter amend the terms of
this Award, but no such amendment shall be made which would impair the rights of Participant, without Participant’s consent. 
 13.
Definitions. Unless otherwise defined in this Agreement, each capitalized term in this Agreement shall have the meaning given to it in the Plan. 
 14. Acknowledgments. Participant hereby: (i) acknowledges receiving a copy of the Plan Description relating to the Plan, and represents that he or she is familiar with all of the material provisions of the
Plan, as set forth in such Plan Description; (ii) accepts this Agreement and the Restricted Stock awarded pursuant hereto subject to all provisions of the Plan and this Agreement; and (iii) agrees to accept as binding, conclusive and final
all decisions and interpretations of the Committee relating to the Plan, this Agreement or the Restricted Stock awarded hereunder. 
 Participant evidences his or her agreement with the terms and conditions of this Agreement, and his or her intention to be bound hereby, by electronically accepting the Award granted hereunder pursuant to the procedures adopted by the
Company. Upon such acceptance by Participant, this Agreement will be immediately binding and enforceable against Participant and the Company.  
  

			
	THE PROGRESSIVE CORPORATION
		
	By:	 	/s/ Charles E. Jarrett
		 	Vice President & SecretaryFORM OF PERFORMANCE-BASED STOCK LONG TERM INCENTIVE PLAN

 EXHIBIT 10.3 
 [Regions Logo] 
                 
        , 20     
 <Name> 
 <Address 1> 
 <Address 2> 
 Dear <Name>: 
 Pursuant to the terms
and conditions of the company’s Regions Financial Corporation 2006 Long-Term Incentive Plan (the “Plan”) and the attached Award Agreement (within the meaning of the Plan), you have been granted a Performance Based Non-Qualified Stock
Option for <number> shares of stock. 
  

			
	 Granted To:
	  	 <Name>

		
	 Grant Date:
	  	 February 24, 2009

		
	 Granted:
	  	 <number>

		
	 Exercise Price:
	  	 $3.29

 Vesting Schedule and Performance-Based Conditions: 
 <number1>/1/ NQOs on the later of (i) 2/24/2010 or (ii) the first date after 2/24/2009 on which the closing share price of Regions Common Stock as quoted on the New York Stock
Exchange first equals or exceeds $4.11. 
 <number1>/1/ NQOs on the later of (i) 2/24/2011 or (ii) the first date after
2/24/2009 on which the closing share price of Regions Common Stock as quoted on the New York Stock Exchange first equals or exceeds $4.38. 
 <number1>/1/ NQOs on the later of (i) 2/24/2012 or (ii) the first date after 2/24/2009 on which the closing share price of Regions Common Stock as quoted on the New York Stock Exchange first equals or exceeds $4.94.

 /1/ one-third of the number of options granted. 
 By your signature below, you and Regions agree that this Award is granted under and governed by the terms and conditions of the Plan, the Award Agreement and this grant notice. 
  

							
	 Signed:                                      
                                         
                                         
               
	 	 Date:                                      
                                         
               

 Please sign one copy of this document and return it to Executive Compensation, Regions Center, xx
Floor in the enclosed pre-addressed interoffice envelope. 

 [Regions Logo] 
 PERSONAL AND CONFIDENTIAL 
 PERFORMANCE-BASED STOCK OPTION AGREEMENT 
 Under the 
 REGIONS FINANCIAL CORPORATION 2006
LONG-TERM INCENTIVE PLAN 
 You have been awarded performance-based stock options (the “options” or “Award”) under the
Regions Financial Corporation 2006 Long-Term Incentive Plan (the “Plan”). The value of your Award will be determined by the amount of any appreciation in the price of Regions common stock between the date of grant of your Award and the
date you exercise the Award. 
 The terms and conditions of the Plan are incorporated in this document by reference as if fully set forth
herein. The Plan is administered by the Compensation Committee (the “Committee”) of the Board of Directors. This document sets out some of the specific terms of your Award and constitutes the Award Agreement required by the Plan. You
should retain it for future reference. References to defined terms in the Plan are capitalized in this Award Agreement. The Plan and this Award Agreement set forth the terms and conditions applicable to your Award. The prospectus for the Plan
provides you with helpful summary information and explanations related to your Award. However, in the event of a conflict or inconsistency between the prospectus and the Plan and this Award Agreement, the Plan and this Award Agreement shall govern.
The Plan and the prospectus are currently obtainable by logging on to Wealthviews at https://www.wealthviews.com/rf/. You should note that in the event of any conflict or inconsistency between the provisions of this Award Agreement and the terms and
conditions of the Plan, the terms and conditions of this Award Agreement will control. 
 Your options consist of “nonqualified stock
options” for federal income purposes. Upon the exercise of a nonqualified option you are automatically deemed to incur taxable income at ordinary income tax rates. For a summary description of the tax consequences to you, please refer to the
Plan prospectus. You should consult your tax advisor to understand the tax impact of this Award on your individual tax situation. 
 The
number and type of options subject to this Award, the dates on which they become exercisable (i.e., “vest”), and the performance conditions that must be satisfied in order for some or all of the options under this Award to become
exercisable are set forth in the grant notice attached hereto and incorporated herein by reference. Specific information concerning this Award is currently available to you online through Wealthviews. 
 If your employment ceases by reason of death or Disability or if a Change in Control occurs while
you are employed by Regions, the time lapse conditions for vesting of the options under this Award will be deemed to have been satisfied and this Award will be exercisable if and to the extent the performance-based conditions are satisfied before
the first anniversary of your death or Disability or by the last trading day prior to the 10th anniversary of the date of grant of the Award in the
event of Change in Control. In the event of termination of your employment by retirement at or after age 55 with 10 years of service prior to November 30 of the calendar year of the grant, your Award will be forfeited. In the event of
termination of your employment by retirement at or after age 55 with 10 years of service on or after November 30 of the calendar year of the grant, the time lapse conditions for vesting of the options will be deemed satisfied and the options
will be exercisable if and to the extent the performance based conditions are satisfied before the earlier of the first anniversary of your death or Disability or by the last trading day prior to the 10th anniversary of the date of grant of 

 
the Award. The period of time during which you may exercise your exercisable options (including options that become exercisable upon satisfaction of
performance conditions during the specified time period) after the foregoing termination and vesting events and certain other events is set forth in the following table. 
  

													
	 	  	 EVENT

	 	  	 Employment ceases by reason of...
	  	 Change in
Control
occurs
during
Employment

	  	 Death
	  	 Disability
	  	 Retirement
 (at age 55 with 10
years service after
November 30 of the
calendar year of the
 grant)
	  	 Other
 Cessation of
Employment
 (other than
termination
for
Cause)
	  	 Termination
for Cause
	  
	 LENGTH OF TIME
 TO EXERCISE
 AFTER DATE OF
 EVENT TO
 EXERCISE
 EXERCISABLE
 OPTIONS
	  	1 year	  	1 year	  	 By close of stock market on the last
trading day prior to the
 10th anniversary of the
 grant.
	  	3 months	  	0 days	  	 By close of stock market on the last trading day prior to the
 10th anniversary of the
grant.

 If you die during the one year period applicable to Disability or the three month period
applicable to other cessation of employment, then the specified time period will be extended for the one year period following the date of your death. In this case, the exercisable options (including options that become exercisable upon satisfaction
of performance conditions during the specified time period) may be exercised by your representative or beneficiary. 
 Notwithstanding
anything in the Plan to the contrary, if you cease to be employed by Regions for Cause or for any other reason except retirement at or after age 55 with 10 years of service that occurs on or after November 30 of the calendar year of the grant,
death, or Disability, (i) any options as to which the time lapse conditions (i.e., February 24, 2010, 2011 and 2012, as applicable) have not been satisfied will be forfeited as of the date your employment terminates, (ii) any options
as to which the time-lapse restrictions have been met and the performance-based conditions are satisfied during the specified time period will be exercisable for 3 months following the date your employment terminates, and (iii) any options as
to which the time-lapse restrictions have been met but the performance-based conditions are not satisfied during the specified time period will be forfeited. 
 You may exercise the exercisable portion of your option under this Award in whole or part by initiating an exercise by calling the Regions stock team at 1-800-287-6158, or by such other method as may be implemented by
the Plan and communicated to option holders from time to time. If the option is exercised by a person other than you (in accordance with the terms of the Plan), such person may also be required to provide appropriate proof of his or her right to
exercise the option. You may pay the option price due at exercise (i) in cash or by check, (ii) by tendering previously owned unrestricted shares of Regions common stock having an aggregate fair market value at the time of exercise equal
to the total option price if you have held such shares for at least six months, or (iii) by a combination of (i) and (ii). You may also make cashless exercises (a simultaneous exercise and sale). However, your ability to make cashless
exercises may be affected by the federal securities laws. For example, because a cashless exercise involves a sale of Regions securities on your behalf, such a transaction would not be permissible if at the time of the transaction you were in
possession of undisclosed, material information concerning Regions. Please consult with the Law Department if you have any questions concerning your ability under the securities laws to make a cashless exercise at any time. Upon exercise of the
option, you may elect to satisfy any federal tax withholding requirements in whole or in part by having shares withheld that you would otherwise receive, to the extent and in the manner allowed by the Plan. 

 If at any time the Committee shall determine in its discretion, that listing, registration or
qualification of the shares of stock covered by the options under this Award upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition to
the exercise of the option, the option may not be exercised in whole or in part unless and until such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions not acceptable to the
Committee. 
 Notwithstanding anything in this Award Agreement, the Plan or the grant notice to the contrary, in no event shall the options
under this Award become exercisable, or be settled, paid or accrued, if any such exercise, settlement, payment or accrual would be in violation of applicable law (including, but not limited to, Section 111 of the Economic Stabilization Act of
2008, as amended, and any rules, regulations and standards established thereunder). 
 By signing the grant notice for this Award, you agree
and acknowledge that you accept the grant of this Award on the terms and subject to the conditions set forth in this Award Agreement and you further acknowledge and agree that, subject to the terms of the Plan, (1) this Award Agreement and the
grant notice contains the entire agreement of Regions and you relating to the subject matter of this Award Agreement and supersedes and replaces all prior agreements and understandings with respect to such subject matter; (2) that Regions and
you have made no agreements, representations or warranties relating to the subject matter of this Award Agreement which are not set forth in this Award Agreement; (3) that no provision of this Award Agreement or the grant notice may be amended,
modified or waived unless such amendment, modification or waiver is authorized by the Compensation Committee of the Board of Directors and is agreed to in writing and is signed by an officer of the corporation actually authorized to do so, and
(4) that this Award Agreement and the grant notice are binding on the Company’s and your successors and assigns. 
 I congratulate you on your
Award. Thank you for your service to Regions! 
  

			
	 REGIONS FINANCIAL CORPORATION

		
	 By:
	 	 /s/ C. Dowd Ritter

	 Name:
	 	 C. Dowd Ritter

	 Title:
	 	 Chairman, President & CEO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00158-of-00352.parquet"}]]