Document:

Exhibit 10.66

 Exhibit 10.66 
  
 SUNTRUST BANKS, INC. 
 DIRECTORS DEFERRED COMPENSATION PLAN 
 2005 DEFERRAL ELECTION FORM 
  
 NEW REGULATIONS AFFECT DEFERRED COMPENSATION ELECTIONS: Even though you may have
previously made a deferral election, to ensure compliance with the new laws regarding deferring compensation, you must complete a new election to defer form for your director’s fees each year, even if you choose not to defer. 
  
 As a director of SunTrust Banks, Inc., you are eligible to defer your director’s fees.
You may defer receipt of any retainer and meeting fees you receive from SunTrust or its subsidiaries until you cease to be a member of the Board of Directors. If you elect to participate in the plan, you must elect the return option for your account
as well as how your account will be paid when you cease to be a Director. 
  
 PLEASE INDICATE YOUR CHOICE BELOW, SIGN, DATE, AND RETURN THIS DEFERRAL ELECTION FORM TO JEAN AZURMENDI. ONCE YOU MAKE YOUR CHOICES AND RETURN THE FORM, THE ELECTION IS IRREVOCABLE FOR 2005. EACH YEAR, A SEPARATE DEFERRAL ELECTION WILL HAVE
TO BE MADE FOR THE FOLLOWING YEAR. 
  
 PART I — Deferral
Election (Please check one) 
  

	 ̈	I do not wish to defer receipt of either my Retainer or my Board/Committee Meeting fees 

  

	 ̈	I wish to defer receipt of my Retainer (Complete Parts II, III, IV, and V) 

  

	 ̈	I wish to defer receipt of my Board/Committee Meeting fees (Complete Parts II, III, IV, and V) 

  

	 ̈	I wish to defer receipt of my Retainer and my Board/Committee Meeting fees (Complete Parts II, III, IV, and V) 

  
 PART II — Return Option 
  
 The return on my deferral account will be calculated in the following manner: 
  

	 ̈	100% at Prime rate of SunTrust Bank, Atlanta 

  

	 ̈	100% at Phantom Stock rate 

  
 (The Phantom Stock rate is based on the value of SunTrust’s common stock. On the date retainer and meeting fees are deferred, Phantom Stock is
purchased using the closing price of SunTrust stock on that day. The account is credited with changes in share value, along with dividends and other distributions. There are no voting rights associated with Phantom Stock.) 
  
 PART III — Payment Option This election may only be made once
and is irrevocable. 
  

	 ̈	Standard lump-sum payment payable in January following the year in which I leave the Board of Directors. 

  

	 ̈	Accelerated lump-sum payment payable in month following the quarter in which I leave the Board of Directors. 

  

	 ̈	Five approximately equal annual installments payable in January of each year for five consecutive years commencing in January following the year I leave the Board of Directors.

  

	 ̈	Ten approximately equal annual installments payable in January of each year for ten consecutive years commencing in January following the year I leave the Board of Directors.

  
 *** Alternative *** 
  

	 ̈	I wish to wait to elect my payment option, understanding that if no election is made at least one year prior to my separation from the Board, my distribution will be in a standard
lump-sum. 

 (con’t on back) 
  
 PART IV — Beneficiary Designation 
  
 Please be advised that if the undersigned dies and there is a payment distribution pursuant to the SunTrust Directors Deferred Compensation
Plan, I direct such payment to be paid to my beneficiary. If my beneficiary does not survive me, this designation shall be ineffective and such payment, if any, shall be made to my estate. This designation shall prevail over any prior beneficiary
designation made under this plan until revoked by a subsequent written designation delivered to SunTrust Human Resources. I designate my beneficiary to be: 
  
 Name:
                                        
                                        
                             
  
 Address:                                     
                                        
                            
  
 Date of Birth:
                                        
                                        
                 
  
 Social Security #:
                                        
                                        
           
  
 PART V
— Authorization 
  
 I hereby authorize the Corporation to take
such action as it deems necessary or appropriate to effect the choices indicated above. 
  

			
	  

	 	  

	 Print Name
	 	 Social Security Number

	  

	 	  

	 Signature
	 	 Date

  
 PLEASE RETURN TO:

 JEAN AZURMENDI 
 SUNTRUST
BANK 
 HUMAN RESOURCES (MAIL CODE 636G) 
 P. O. BOX 4418 
 ATLANTA, GA 30302 
 FAX 404-588-7323Exhibit 10.67

 Exhibit 10.67 
  
 SunTrust Bank, Inc. 401(k) Excess Plan 
 Enrollment and Investment Option Form 
 2005 Plan Year 
  
 The purpose of the SunTrust Banks, Inc. 401 (k) Excess Plan is to replace benefits lost as a
result of certain government limits on the amount that can be contributed under the qualified 401 (k) Plan. 
  
 Enrollment 
  

	 	 ̈	I elect not to participate in the 401(k) Excess Plan for the year 2005. (Qualified Plan deferral rates must be elected via BENE if not participating in the Excess Plan.)

  
 In order to participate in the 401 (k)
Excess Plan, you must make an irrevocable election to contribute the maximum to the qualified plan ($14,000 in 2005). This election can be any percentage from 1 - 20% as long as the result is maximum contributions to the qualified plan.
Contributions are not directed to the Excess Plan until the $14,000 limit is reached. 
  

	 	 ̈	I elect to participate in the 401 (k) Excess Plan for the year 2005 and defer: 

  
              % to the Qualified Plan 
  
              % to the Excess Plan 
  
 After 12/31/04, these elections become irrevocable for 2005. 
  
 Investment Direction 
  
 For 2005 I elect to have my Excess Plan contributions to the SunTrust 401(k) Excess Plan invested according to the investment mix indicated below (in 1% increments to total 100%): 
  

			
	 Allocation %

	  	 Fund

	 	  	STI Classic Small Cap Growth Stock Fund - SSCTX
	 	  	STI Classic Mid-Cap Equity Fund - SAGTX
	 	  	STI Classic Capital Appreciation Fund - STCAX
	 	  	STI Classic Growth and Income Fund - CRVAX
	 	  	STI Classic Value Income Stock Fund - STVTX
	 	  	STI Classic Investment Grade Bond Fund - STIGX
	 	  	STI Classic Short-Term Bond Fund - SSBTX
	 	  	STI Classic Prime Quality Money Market Fund

  

 1 

 Payment Option for Deferrals Made after 1/1/2005 
  
 The normal form of payment is a single lump sum. The 401(k) Excess Plan also provides for five annual installments if elected before January
1, 2005. 
  
 You will be permitted to make the installment election at a later
date, but to do so you must meet three conditions: 
  

	 	1.	You must make your election at least 12 months before the date when the lump sum would have been paid (your intended retirement date); 

  

	 	2.	Your election will not take effect for 12 months after you make it (in the event of your earlier retirement, disability or death); 

  

	 	3.	Your election must defer the first installment for at least five years from the date the lump sum would have been paid, i.e. five years after disability, death or termination.
You will not be permitted to change an installment election to a lump sum because that would result in the acceleration of your distribution. 

  

I elect to receive my cash benefit from the 401(k) Excess Plan when it becomes payable as a result of my retirement, termination, disability, or death: 
  

	 	 ̈	in a lump sum. 

  
 The lump sum is paid no later than the end of the first quarter of the year following your retirement, termination, disability, or death, based on the
value of your account at the month end prior to the payment. 
  

	 	 ̈	in five annual installments. 

  
 The first installment is paid no later than the end of the first quarter of the year following your retirement, termination, disability, or death, or the
fifth year following your retirement, termination, disability or death if your installment election is made after December 31, 2004. The first installment is one-fifth of the value of your account at the month-end prior to payment. Subsequent annual
installments are paid no later than the end of the quarter after the year-end allocation is completed. 
  
 You may change your election from lump sum to installment by submitting a written request. You will not be permitted to change an installment election to a lump sum because that would result in the acceleration of
your distribution. 
  
 Authorization 
  
 I hereby authorize the Corporation to act in accordance with the choices indicated above.

  

			
	  

	    	  

	    Print Full Name	    	    Social Security Number
		
	  

	    	  

	    Signature	    	    Date

  

			
	 Inter-Office Mail

	 	 Regular Mail

	 Clint Efird
 GA-Atlanta-0636-G
	 	 Clint Efird
 GA-Atlanta 0636-G
 303 Peachtree Center Ave Suite 200
 Garden Offices
 Atlanta, GA
30303

  
 If you have any questions, contact
BENE at 800-818-2363, press * * 0 and ask to speak to an Excess Plan specialist. 
  

 2Exhibit 10.68

 Exhibit 10.68 
  
 

 
  
 SunTrust Banks, Inc. 
  
 Terms and Conditions 
 NonQualified Stock Options (NQO) 
 Grant Date: February 08, 2005 
  
 §1. DATE EXERCISABLE. This NQO granted on February 08, 2005, if it has not expired as
provided in § 2, shall become exercisable the earliest of the following dates: 
  
 (a) on February 08,2008, provided the Optionee is an active employee of SunTrust or a Subsidiary on that date; or 
  
 (b) on the date the Optionee’s employment with SunTrust or a Subsidiary terminates by reason of death or disability (as defined in § 22(e) (3) of the Code); or

  
 (c) on the date the Optionee retires at age 55 or later in accordance with the
SunTrust Retirement Plan; or 
  
 (d) on the date the Optionee’s employment
with SunTrust or a Subsidiary is involuntary terminated by reason of a reduction in force but only a pro rata number of shares subject to the NQO shall become exercisable based on the Optionee’s service completed from the Grant Date through the
date of such termination of employment, § 2(b) of this Option Agreement; or 
  
 (e) on the date that the following occurs: (i) there is a Change in Control of SunTrust, (ii) such Optionee’s employment with SunTrust or any Subsidiary terminates (other than by reason of a transfer between or among SunTrust and any
Subsidiary) at any time before the third anniversary of the date of such Change in Control, and (iii) such termination of the Optionee’s employment is either (a) involuntary on the part of the Optionee and does not result from his or her death
or disability (as defined in Code §22(e)(3)) and does not constitute a Termination for Cause, or (b) voluntary on the part of the Optionee and constitutes a Termination for Good Reason. 
  
 § 2. EXPIRATION. This NQO shall expire and cease to be exercisable at the first of the
following to occur: 
  
 (a) for any part of the NQO that is not then exercisable,
the end of the day on which the Optionee’s employment with SunTrust or a Subsidiary terminates for any reason other than for the reasons described in § 2(c), 2(d) or 2(e) of this Option Agreement; 
  
 (b) for any part of the NQO that is then exercisable, the end of the three-month period which
begins on the date the Optionee’s employment by SunTrust or a Subsidiary terminates for any reason other than for the reasons described in § 2(c), 2(d) or 2(e) of this Option Agreement; 
  
 (c) the end of the day immediately before the date on which an Optionee’s employment by
SunTrust or a Subsidiary terminates (or might have been terminated) as a result of conduct which the Committee determines either might have violated any applicable civil or criminal law or did violate the SunTrust Code of Conduct for employees of
SunTrust or such Subsidiary or the Supplemental Code of Conduct for officers of SunTrust or such Subsidiary; 
  
 (d) the end of the five-year period which begins on the date the Optionee’s employment with SunTrust or a Subsidiary terminates by reason of the Optionee’s retirement at age 55 or later under the SunTrust
Retirement plan; 
  
 (e) the end of the one-year period which begins on the date
the Optionee’s employment with SunTrust or a Subsidiary terminates by reason of death or disability (as defined in § 22(e)(3) of the Code); 
  
 (f) the date this NQO has been exercised in full under this Option Agreement; or 
  

(g) the end of the last day in the 10-year period which begins on the Option Grant Date. 
  
 § 3. METHOD OF EXERCISE. This NQO shall be exercised by properly completing and delivering the applicable form to SunTrust or its
specified delegate, together with the appropriate payment in full for the Stock the Optionee desires to purchase through such exercise. Payment may be made in the form of a check made payable to SunTrust or written confirmation of ownership of
sufficient shares of previously acquired SunTrust stock or any combination of such payment methods as has been approved by the Compensation Committee. Such exercise shall be effective on the date such form and payment actually are delivered to
SunTrust Executive Compensation, SunTrust Banks, Inc., 303 Peachtree Center Avenue, Suite 200, Atlanta, Georgia 30303 (or to such other location as SunTrust may specify); provided, if such form and payment are properly mailed to such person by
registered mail or by an overnight service at such address, the related exercise shall be treated as effective on the date accepted for delivery by an overnight mail service. Any previously acquired Stock which is designated as payment for Stock
shall be valued at its Fair Market Value on the date the exercise is effective or, if the exercise is effective on a date other than a business day, on the immediately preceding business day. 
  
 § 4. WITHHOLDING. The Committee shall have the right to reduce the number of shares of
Stock actually transferred to the Optionee to satisfy the minimum applicable tax withholding requirements, and the Optionee shall have the right (absent any such action by the Committee and subject to satisfying the requirements under Rule 16b-3) to
elect that the minimum applicable tax withholding requirements be satisfied through a reduction in the number of shares of Stock transferred to him. 
  
 § 5. NONTRANSFERABLE. No rights granted under this Option Agreement shall be transferable by the Optionee other than by will or by the laws of descent and
distribution. 
  
 § 6. EMPLOYMENT AND TERMINATION. Nothing in the Plan or
this Option Agreement or any related material shall give the Optionee 
  
  
  

 PAGE 1 OF 2 

 Terms and Conditions 
 NonQualified Stock Options (NQO) 
  
 the
right to continue in employment by SunTrust or by a Subsidiary or adversely affect the right of SunTrust or a Subsidiary to terminate the Optionee’s employment with or without cause at anytime. 
  
 § 7. SHAREHOLDER STATUS. The Optionee shall have no rights as a shareholder with respect
to any shares of Stock under this Option Agreement until the Optionee has made payment in full for such shares and such shares have been duly issued and delivered to the Optionee, and no adjustment shall be made for dividends of any kind or
description whatsoever respecting such Stock except as expressly set forth in the Plan. 
  
 § 8. OTHER LAWS. SunTrust shall have the right to refuse to issue or transfer any Stock under this Option Agreement if SunTrust acting in its absolute discretion determines that the issuance or transfer of such Stock might violate any
applicable law or regulation, and any payment tendered in such event to exercise this option shall be promptly refunded to the Optionee. 
  
 § 9. SECURITIES REGISTRATION. The Optionee may be requested by SunTrust to hold any shares of Stock received upon the exercise of an option under this Option
Agreement for personal investment and not for purposes of resale or distribution to the public and the Optionee shall, if so requested by SunTrust, deliver a certified statement to that effect to SunTrust as a condition to the transfer of such Stock
to the Optionee. 
  
 § 10. MISCELLANEOUS. 
  
 (a) A transfer between SunTrust and a Subsidiary or between Subsidiaries shall not be deemed
a termination of employment under this Option Agreement. 
  
 (b) The
Optionee’s rights under this Option Agreement can be canceled in accordance with the terms of the Plan. 
  
 (c) This Option Agreement shall be subject to the provisions, definitions, terms and conditions set forth in the Plan, all of which are incorporated by this reference in this Option Agreement. 
  
 (d) The Plan and this Option Agreement shall be governed by the laws of the State of Georgia.

  
 § 11. DEFINITIONS: 
  
 CHANGE IN CONTROL - means a “Change in Control” of SunTrust of a nature that would
be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities and Exchange Act of 1934, as amended and in effect at the time of such “Change in Control” (the “Exchange
Act”), provided that such a Change in Control shall be deemed to have occurred at such time as (i) any “person” (as that term is used in Sections 13(d) and 14(d)(2) of the Exchange Act), is or becomes the beneficial owner (as defined
in Rule 13(d)-3 under the Exchange Act) directly or indirectly, of securities representing 20% or more of the combined voting power for election of directors of the then outstanding securities of SunTrust; (ii) during any period of two consecutive
years or less, individuals who at the beginning of such period constitute the Board cease, for any reason, to constitute a majority of the Board, unless the election or nomination for election of each new director was approved by a vote of at least
two-thirds of the directors then still in office who were directors at the beginning of the period; (iii) the shareholders of SunTrust approve any merger, consolidation, or share exchange as a result of which the common stock of SunTrust shall be
changed, converted or exchanged (other than a merger with a wholly-owned subsidiary of SunTrust), or any dissolution or liquidation of SunTrust or any sale or the disposition of 50% or more of the assets or business of SunTrust; or (iv) the
shareholders of SunTrust approve any merger or consolidation to which SunTrust is a party or a share exchange in which SunTrust shall exchange its shares for shares of another corporation as a result of which the persons who were shareholders of
SunTrust immediately prior to the effective date of the merger, consolidation or share exchange shall have beneficial ownership of less than 50% of the combined voting power for election of directors of the surviving corporation following the
effective date of such merger, consolidation or share exchange; provided, however, and notwithstanding the occurrence of any of the events previously described in this definition, that no “Change in Control” shall be deemed to have
occurred under this definition if, prior to such time as a “Change in Control” would otherwise be deemed to have occurred under this definition, the Board determines otherwise. 
  
 TERMINATION FOR CAUSE - means a termination of employment which is made primarily because of (i) the “willful” and continued
failure of the Optionee to perform satisfactorily the duties consistent with such Optionee’s title and position reasonably required of him or her by the Board or supervising management (other than by reason of his or her incapacity due to a
physical or mental illness) after a written demand for substantial performance of such duties is delivered to such Optionee by the Board or supervising management, where such written demand shall specifically identify the manner in which the Board
or supervising management believes such Optionee has failed to satisfactorily perform his or her duties and where no act or failure to act shall be deemed “willful” under this definition unless done, or omitted to be done, not in good
faith and without a reasonable belief that the act or omission was in the best interests of SunTrust or any Subsidiary, (ii) the commission by the Optionee of a felony, or the perpetration by the Optionee of a dishonest act, misappropriation of
funds, embezzlement, criminal conduct or common law fraud against SunTrust or any Subsidiary, (iii) a serious violation of the SunTrust Code of Conduct policies and procedures, or (iv) any other willful act or omission which is materially injurious
to the financial condition or business reputation of SunTrust or any Subsidiary. 
  
 TERMINATION FOR GOOD REASON - means a termination made primarily because of (i) a failure to elect or reelect or to appoint or to reappoint the Optionee to, or the removal of the Optionee from, the position which he or she held with
SunTrust or any Subsidiary prior to the Change in Control, (ii) a substantial change by the Board or supervising management in the Optionee’s functions, duties or responsibilities, which change would cause such Optionee’s position with
SunTrust or any Subsidiary to become of less dignity, responsibility, importance or scope than the position held by the Optionee prior to the Change in Control or (iii) a substantial reduction of the Optionee’s annual compensation from the
level in effect prior to the Change in Control or from any level established thereafter with the consent of such Optionee. 
  

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