Document:

Second Supplemental Indenture, dated April 28, 2009

 Exhibit 4.4 
  

 
 ANESIVA, INC.

  
  
 SECOND SUPPLEMENTAL INDENTURE 
 Dated
as of April 28, 2009 
 To 
 INDENTURE 
 Dated as of April 2, 2009 
  
  
 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 
 Trustee 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 Article 1.     Amendments to the Indenture
	  	1
			
	 Section 1.1
	  	 Relationship with Indenture
	  	1
			
	 Section 1.2
	  	 Amendments to Definitions
	  	2
			
	 Section 1.3
	  	 Amendments to Other Definitions
	  	3
			
	 Section 1.4
	  	 Amendments to Section 3.2
	  	3
			
	 Section 1.5
	  	 Amendments to Section 3.3
	  	3
			
	 Section 1.6
	  	 Amendments to Section 6.1(a)(2)
	  	3
			
	 Section 1.7
	  	 Amendment to Section 7.2
	  	3
			
	 Section 1.8
	  	 Amendment to the Form of Note
	  	3
			
	 Section 1.9
	  	 Denominations
	  	4
		
	 Article 2.     MISCELLANEOUS
	  	4
			
	 Section 2.1
	  	 Trust Indenture Act Controls
	  	4
			
	 Section 2.2
	  	 Governing Law
	  	4
			
	 Section 2.3
	  	 Successors
	  	5
			
	 Section 2.4
	  	 Severability
	  	5
			
	 Section 2.5
	  	 Counterpart Originals
	  	5
			
	 Section 2.6
	  	 Table of Contents, Headings, Etc
	  	5

  

 i 

 SECOND SUPPLEMENTAL INDENTURE (this “Second Supplemental Indenture”), dated as of
April 28, 2009 by and between Anesiva, Inc., a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the
“Trustee”). 
 The Company has heretofore executed and delivered to the Trustee an indenture, dated as April 2,
2009 (the “Base Indenture”) providing for the issuance from time to time of one or more series of Securities. 
 The
Company has heretofore executed and delivered to the Trustee an amendment and supplemental indenture, dated as of April 2, 2009 (the “First Supplemental Indenture,” and together with the Base Indenture, the
“Indenture”), providing for (i) certain amendments to the Base Indenture as provided therein, and, immediately thereafter, (ii) provide for the issuance of and establish the form and terms and conditions of the
7.00% Senior Notes due 2010. 
 The Company desires and has requested the Trustee pursuant to Sections 7.1(a) and 7.1(g) of the First
Supplemental Indenture to join with it in the execution and delivery of this Second Supplemental Indenture in order to cure certain ambiguities and defects and to conform the Indenture to the Description of Notes contained in the Prospectus.

 The execution and delivery of this Second Supplemental Indenture has been duly authorized by a resolution of the Board of Directors of the
Company or a duly authorized committee thereof. 
 All conditions and requirements necessary to make this Second Supplemental Indenture a
valid, binding and legal instrument in accordance with its terms have been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized by the parties hereto. 
 In consideration of the foregoing, the Company and the Trustee agree as follows: 
 ARTICLE 1. 
 AMENDMENTS TO THE INDENTURE 
 Section 1.1     Relationship with Indenture. 
 The terms and provisions contained herein will amend the Indenture (as amended hereby) in respect of the Notes. References to “this Supplemental Indenture” in the First Supplemental Indenture and the Notes
shall be deemed to be references to the First Supplemental Indenture as amended by this Second Supplemental Indenture. To the extent any provision of the Indenture applicable to the Notes conflicts with the express provisions of this Second
Supplemental Indenture, the provisions of this Second Supplemental Indenture will govern and be controlling. 
 The Trustee accepts the
amendment of the Indenture effected by this Second Supplemental Indenture and agrees to execute the trust created by the Indenture as hereby amended; provided that the Trustee will not be responsible in any manner whatsoever for or with respect to
any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Company, or for or with respect to (1) the validity or sufficiency of this Second Supplemental Indenture or any of the terms or
provisions hereof, (2) the proper authorization hereof by the Company, (3) the due execution hereof by the Company or (4) the consequences (direct or indirect and whether deliberate or inadvertent) of any amendment herein provided
for, and the Trustee makes no representation with respect to any such matters. 
  

 1 

 Capitalized terms used herein and not otherwise defined herein shall have the meanings given to such
terms in the Indenture. 
 Section 1.2     Amendments to Definitions 
 (a) The section reference in the second sentence of Section 2.3 of the First Supplemental Indenture shall be replaced with “Section 2.3”.

 (b) The definitions of “Additional Notes,” “Definitive Notes”, “Global Notes” and “Global Note
Legend” shall be deleted from the First Supplemental Indenture and replaced in their entirety with the following definitions: 
 “Additional Notes” means any Notes (other than the Initial Notes) issued under this Supplemental Indenture in accordance with Section 3.3 of this Supplemental Indenture, as part of the same Series as the Initial
Notes. 
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and
issued in accordance with the terms of Article 3 of this Supplemental Indenture, substantially in the form of Exhibit A to this Supplemental Indenture except that such Note will not bear the Global Note Legend. 
 “Global Notes” means, individually and collectively, each of the Global Notes, in the form of Exhibit A to this
Supplemental Indenture issued in accordance with Article 3 of the Supplemental Indenture. 
 “Global Note
Legend” means the legend set forth in Section 3.2(e), which is required to be placed on all Global Notes issued under this Supplemental Indenture. 
 “Initial Notes” means up to $3,000,000 aggregate principal amount of Notes issued under this Supplemental
Indenture upon the exercise of the rights issued to the Company’s stockholders pursuant to the Rights Offering. 
 (c) The term
“Voting Securities” used in the definition of “Change of Control” shall be replaced with the term “Voting Stock”. In addition, clause (c) of the definition of “Change in Control” shall be replaced with the
following clause: “repayment of the amounts due under the 2009 Senior Securities;”. 
 (d) The following definitions shall be
added: 
 “Interest Accrual Date” means, in the case of the Initial Notes, April 28, 2009, and in the case of
any Additional Notes, the date of issuance for such Additional Notes. 
 “Stated Maturity” means the maturity date of
the Notes set forth on the first page thereof. 
  

 2 

 Section 1.3     Amendments to Other Definitions. 
 The table set forth in Section 2.4 of the First Supplemental Indenture is hereby replaced with the following table (with section reference referring
to sections in the First Supplemental Indenture): 
  

			
	 Term
	  	Defined in
Section
	 “Company Notice”
	  	5.2
	 “DTC”
	  	3.1
	 “Event of Default”
	  	6.1
	 “Global Note Custodian”
	  	3.1
	 “Notes”
	  	3.1
	 “Repurchase Date”
	  	5.1
	 “Repurchase Right”
	  	5.1

 Section 1.4     Amendments to Section 3.2 
 References to “Section 3.3” in Section 3.2 of the First Supplemental Indenture, including such reference in the Global Note Legend, shall be replaced with
references to “Section 3.2”. 
 Section 1.5     Amendment to Section 3.3 
 The first sentence of Section 3.3 of the First Supplemental Indenture shall be replaced in its entirety with the following: 
 The Trustee shall authenticate and deliver the Initial Notes for original issue in connection with the exercise of the rights issued to the Company’s
stockholders pursuant to the Rights Offering upon the request of the Company for the authentication and delivery thereof and satisfaction of the provisions of Section 2.04 of the Base Indenture. 
 Section 1.6     Amendments to Section 6.1(a)(2) 
 The reference to “Section 6.2” in Section 6.1(a)(2) of the First Supplemental Indenture shall be replaced with a reference to “Section 5.2”. 
 Section 1.7     Amendment to Section 7.2 
 The reference to “this Section 7.1” in the clause (e) of Section 7.2 of the First Supplemental Indenture shall be replaced with a reference to “this Section 7.2”. 
 Section 1.8     Amendment to the Form of Note 
 (a) Section 1 of the form of the Note attached as Exhibit A to the First Supplemental Indenture shall be replaced in its entirety with the following paragraph: 
 INTEREST. Anesiva, Inc., a Delaware corporation (the “Company”), promises to pay interest on the principal amount of this
Note at 7% per annum from the Interest Accrual Date until Maturity; provided that upon the occurrence and during the continuance of an Event of Default, the interest rate shall increase to 14% per annum. Accrued interest will be payable at
Maturity. Interest on the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Interest Accrual Date. The Company will pay interest (including post-petition interest in any proceeding
under any Bankruptcy Law) on overdue principal at the rate equal to the then applicable interest rate on the Notes to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. All dollar amounts resulting from this calculation will be rounded to the nearest cent. 
  

 3 

 (b) Section 4 of the form of the Note attached as Exhibit A to the First Supplemental Indenture
shall be replaced in its entirety with the following paragraph: 
 INDENTURE. This Note is one of a duly authenticated Series of
securities of the Company issued and to be issued in one or more Series under an indenture (the “Base Indenture”), dated as of April 2, 2009 between the Company and the Trustee, as amended by the Supplemental Indenture,
dated as of April 2, 2009, between the Company and the Trustee (the “First Supplemental Indenture”) and as further amended by the Second Supplemental Indenture, dated as of April 28, 2009, between the Company and the
Trustee (the “Second Supplemental Indenture”; First Supplemental Indenture, as amended by the Second Supplemental Indenture, the “Supplemental Indenture”, and the the Base Indenture, together with the
Supplemental Indenture, the “Indenture”). The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code Sections
77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the
provisions of the Indenture will govern and be controlling, and to the extent any provision of the Base Indenture conflicts with the express provisions of the Supplemental Indenture, the provisions of the Supplemental Indenture will govern and be
controlling. The Company will be entitled to issue Additional Notes pursuant to Section 3.3 of the Supplemental Indenture. 
 Section
1.9     Denominations. 
 Notwithstanding Section 2.03 of the Base Indenture, the Notes shall be issued as registered
Securities in such denominations as specified by the Company. 
 ARTICLE 2. 
 MISCELLANEOUS 
 Section 2.1     Trust Indenture Act Controls.

 If any provision of this Second Supplemental Indenture limits, qualifies or conflicts with another provision which is required or
deemed to be included in this Second Supplemental Indenture by the TIA, such required or deemed provision shall control. 
 Section
2.2     Governing Law. 
 NOTWITHSTANDING ANYTHING TO THE CONTRARY IN THE BASE INDENTURE, THE BASE INDENTURE, THE
FIRST SUPPLEMENTAL INDENTURE, THIS SECOND SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF CALIFORNIA APPLICABLE TO AGREEMENTS MADE AND TO BE PERFORMED IN SUCH STATE, WITHOUT
REGARD TO THE CONFLICT OF LAWS PROVISIONS THEREOF. 
  

 4 

 Section 2.3     Successors. 
 All agreements of the Company in this Second Supplemental Indenture and the Notes will bind its successors. All agreements of the Trustee in this Second
Supplemental Indenture will bind its successors. 
 Section 2.4     Severability. 
 In case any provision in this Second Supplemental Indenture or in the Notes will be invalid, illegal or unenforceable, the validity, legality and
enforceability of the remaining provisions will not in any way be affected or impaired thereby. 
 Section 2.5     Counterpart
Originals. 
 This Second Supplemental Indenture may be executed in any number of counterparts and by the parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 Section 2.6     Table of Contents, Headings, Etc. 
 The Table of Contents and headings of the
Articles and Sections of this Second Supplemental Indenture have been inserted for convenience of reference only, are not to be considered a part of this Second Supplemental Indenture and will in no way modify or restrict any of the terms or
provisions hereof. 
 [Signatures on following page] 
  

 5 

 SIGNATURES 
 Dated as of April 28, 2009 
  

			
	ANESIVA, INC.
		
	By:	 	/s/ John H. Tran
	Name:	 	John H. Tran
	Title:	 	VP, Finance & Chief Accounting Officer
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	/s/ Melonee Young
	Name:	 	Melonee Young
	Title:	 	Vice President

 [Signature Page to Second Supplemental Indenture] 
  

 6Form of Nonqualified Stock Option Agreement

 Exhibit 10.1.1 
  

	
	 [SunTrust logo]
  
 SunTrust Banks, Inc.
 2009 Stock Plan
  
 NONQUALIFIED STOCK OPTION (NQO)

 SunTrust Banks, Inc. (“SunTrust”), a Georgia corporation, pursuant to action of the Compensation
Committee (“Committee”) of its Board of Directors and in accordance with the SunTrust Banks, Inc. 2009 Stock Plan (“Plan”), has granted a Nonqualified Stock Option (“NQO”) to purchase shares of SunTrust Common Stock,
$1.00 par value (“Stock”), upon the following terms as an incentive for Optionee to promote the interests of SunTrust and its Subsidiaries: 
  

			
	Name of Optionee	  	[Name]
		
	Number of Shares	  	
	Subject to Option	  	[# of Shares]
		
	 Fair Market Value Per Share
 On Grant Date and
Option Price
	  	[price]
		
	Grant Date	  	[Grant Date]

 This Option Agreement (the “Option Agreement”) evidences this NQO 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

  

 -1- 

 TERMS AND CONDITIONS 
 NONQUALIFIED STOCK OPTION (NQO) 
  
 § 1.
EXERCISE PERIOD, EXPIRATION DATE, VESTING DATE. This NQO granted on [Grant Date] (the “Grant Date”) shall expire, unless otherwise exercised, at the end of the ten (10) year period (the “Exercise Period”) beginning on the
Grant Date and ending at the end of the last day of the Exercise Period (the “Expiration Date”). This NQO, if it has not earlier vested or expired, shall vest and become exercisable in full on the third (3rd) anniversary of the Grant Date (the “Vesting Date”), provided that on the Vesting Date, Optionee is an active employee of SunTrust or a
Subsidiary and has been in Service with SunTrust or a Subsidiary from the Grant Date through the Vesting Date. Once this NQO has vested, it may be exercised, in whole or in part, at any time and from time to time during the remainder of the Exercise
Period unless the NQO expires before then. 
 § 2. ACCELERATED VESTING. Some or all of this NQO may vest early and become exercisable before the Vesting
Date. Early vesting will occur if the Optionee has a termination of employment with SunTrust and all its Subsidiaries, as described below in § 2(a), § 2(b), § 2(c) or § 2(d), before the Vesting Date. 
 (a) This NQO shall vest and become fully exercisable on the date Optionee’s employment terminates because of death or Disability and shall remain exercisable for
the period described in § 3(d). 
 (b) This NQO shall vest on the date Optionee’s employment terminates by reason of Retirement, but then only a
pro rata number of shares subject to the NQO shall vest and be exercisable based on Optionee’s Service completed from the Grant Date through the date of Optionee’s termination. Such vested shares shall remain exercisable for the period
described in § 3(c). 
 (c) This NQO shall vest on the date Optionee’s employment is involuntarily terminated by reason of a reduction in force,
which results in Optionee’s eligibility for payment of a severance benefit pursuant to the terms of the SunTrust Banks, Inc. Severance Pay Plan, but then only a pro rata number of shares subject to this NQO shall vest and be exercisable based
on Optionee’s Service completed from the Grant Date through the date of Optionee’s termination. Such vested shares shall be exercisable for the three (3) month period described in § 3(a). 
 (d) This NQO shall vest in full and become exercisable on the date of Optionee’s termination of employment during the three (3) year period following the date
of a Change in Control, provided that such termination of employment is either (A) involuntary on the part of Optionee, not a result of Optionee’s death or Disability, and not a Termination for Cause; or (B) voluntary on the part of
Optionee and it constitutes a Termination for Good Reason. Such vested shares shall remain exercisable for the period described in § 3(e). 
 (e) For
purposes of § 2(b) and 2(c) above, the pro rata calculation shall be made by multiplying the number of shares of Stock subject to this NQO that are not then vested by a fraction, with a numerator equal to the number of days from the Grant Date
through the date of such termination of employment, and a denominator equal to the number of days from the Grant Date through the Vesting Date. Fractional shares shall be disregarded. 
 § 3. EXPIRATION. To the extent not previously exercised, this NQO shall expire and cease to be exercisable on the Expiration Date or if earlier, on the first of the following events to occur: 
 (a) Except as otherwise described in this § 3, if Optionee’s employment with SunTrust and all its Subsidiaries terminates for any reason, then Optionee may,
within the three (3) month period following such termination and in no event after the Expiration Date, exercise this NQO to the extent Optionee was entitled to exercise this NQO at the date of such termination of employment. 
 (b) Notwithstanding anything in this Option Agreement to the contrary, if Optionee’s employment with SunTrust or a Subsidiary is Terminated for Cause, then this NQO
shall expire in its entirety, and all rights under this Option Agreement shall be forfeited, as of the end of the day before the date of Optionee’s termination of employment, regardless of whether this NQO was then vested or non-vested, and
under no circumstances shall Optionee be entitled to exercise all or any part of this NQO after such expiration. 
  

 -2- 

 TERMS AND CONDITIONS 
 NONQUALIFIED STOCK OPTION (NQO) 
  
 (c) In the event Optionee terminates employment with SunTrust and
all its Subsidiaries due to Retirement, then any part of the NQO that became vested and exercisable pursuant to § 1 or § 2(b), shall remain exercisable through the end of the five (5) year period which begins on the date of such
termination of employment and in no event after the Expiration Date. 
 (d) In the event Optionee’s termination of employment with SunTrust and all
Subsidiaries is due to death or disability, then this NQO shall be exercisable through the end of the one (1) year period which begins on the date of Optionee’s death or Disability and in no event after the Expiration Date. 
 (e) In the event of Optionee’s termination of employment during the three (3) year period following the date of SunTrust’s Change in Control, this NQO, to
the extent not previously exercised, shall remain exercisable for the duration of the Exercise Period, provided that Optionee’s termination of employment is either (A) involuntary on the part of Optionee, not a result of Optionee’s
death or Disability, and not a Termination for Cause; or (B) voluntary on the part of Optionee and it constitutes a Termination for Good Reason. 
 (f)
This NQO shall expire on the date it has been exercised in full under this Option Agreement. 
 (g) This NQO shall expire on the Expiration Date to the
extent it has not then been exercised. 
 § 4. METHOD OF EXERCISE. This NQO shall be exercised by properly completing and delivering the applicable form
to the delegate specified by the Committee for option recordkeeping, indicating the number of shares of Stock to be purchased upon such exercise, together with the appropriate payment in full for the number of such shares to be exercised. Payment
may be made in the form of a check made payable in accordance with the delegate’s payment instructions, or written confirmation of ownership of sufficient shares of previously acquired Stock or any combination of such payment methods as has
been approved by the Committee. Such exercise shall be effective on the date such form and payment actually are delivered to SunTrust’s delegate; provided, however, if such form and payment are mailed to the delegate at the appropriate address
by registered mail or by an overnight service, the related exercise shall be treated as effective on the date accepted for delivery by the post office or overnight mail service. Any previously acquired Stock which is designated as payment for the
exercise shall be valued at its Fair Market Value (closing price) on the date the exercise is effective or, if the exercise is effective on a date other than a business day, at the Fair Market Value on the immediately preceding business day.

 § 5. 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 the Optionee. 
 § 6. NONTRANSFERABLE. No rights granted
under this NQO shall be transferable by the Optionee other than by will or by the laws of descent and distribution. 
 § 7. EMPLOYMENT AND TERMINATION.
Nothing in the Plan or this Option Agreement or any related material shall give the Optionee the right to continue in employment with SunTrust or a Subsidiary or adversely affect the right of SunTrust or a Subsidiary to terminate the Optionee’s
employment with or without cause at any time. 
 § 8. 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. 
  

 -3- 

 TERMS AND CONDITIONS 
 NONQUALIFIED STOCK OPTION (NQO) 
  
 § 9. 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. 
 § 10. SECURITIES REGISTRATION. SunTrust may request the Optionee to hold any shares
of Stock received upon the exercise of all or part of this NQO 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. 
 § 11. MISCELLANEOUS. 
 (a) TRANSFER OF EMPLOYMENT. A transfer of Optionee’s employment between or among SunTrust and Subsidiaries or between or among Subsidiaries shall not be deemed a
termination of employment under this Option Agreement. 
 (b) CANCELLATION OF RIGHTS. Optionee’s rights under this Option Agreement may be canceled in
accordance with the terms of the Plan. 
 (c) INCORPORATION OF PLAN. This Option Agreement shall be subject to all of the provisions, definitions, terms and
conditions set forth in the Plan and any interpretations, rules and regulations promulgated by the Committee from time to time, all of which are incorporated by reference in this Option Agreement. 
 (d) GOVERNING LAW. The Plan and this Option Agreement shall be governed by the laws of the State of Georgia (without regard to its choice-of-law provisions), except to
the extent superseded by federal law. 
 (e) NOTICES. Except as otherwise provided herein, any written notices provided for in this Option Agreement that are
sent by mail shall be deemed received three (3) business days after mailing, but not later than the date of actual receipt. Notices shall be directed, if to Optionee, at Optionee’s address indicated by SunTrust’s records and, if to
SunTrust, at SunTrust’s principal executive office. 
 (f) SEVERABILITY. If one or more of the provisions of this Option Agreement shall be held
invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provisions shall be deemed null
and void; however, to the extent permissible by law, any provisions which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Option Agreement to be construed so as to foster the intent of this
Option Agreement and the Plan. 
 (g) ENTIRE AGREEMENT. This Option Agreement (which incorporates the terms and conditions of the Plan) constitutes the
entire agreement of the parties with respect to the subject matter hereof. This Option Agreement supersedes all prior discussions, negotiations, understandings, commitments and agreements with respect to such matters. 
 § 12. DEFINITIONS. Whenever the following terms are used in this Option Agreement, they shall have the meanings set forth below. Capitalized terms not otherwise
defined herein shall have the same meanings as in the Plan. 
 (a) CHANGE IN CONTROL AGREEMENT – means a change in control agreement by and between
SunTrust and the Optionee. 
 (b) CODE – means the Internal Revenue Code of 1986, as amended. 
  

 -4- 

 TERMS AND CONDITIONS 
 NONQUALIFIED STOCK OPTION (NQO) 
  
 (c) DISABILITY – means a disability within the meaning of
Code Section 22(e)(3). 
 (d) RETIREMENT – means the voluntary termination of employment by the Optionee from SunTrust or its Subsidiaries on or
after attaining age 55 and having completed five (5) or more years of service as determined in accordance with the terms of the SunTrust Banks, Inc. Retirement Plan, as amended from time to time (the “Retirement Plan”). For purposes
of this Option Agreement, an Optionee who is vested in the Retirement Plan benefit but terminates employment before attaining age 55 or completing at least five (5) years of service is not treated as terminating employment due to Retirement.

 (e) SERVICE – means Optionee’s period of continuous employment with SunTrust and its Subsidiaries beginning on the Grant Date of this NQO
through the Vesting Date or the date of Optionee’s termination of employment, whichever is applicable. 
 (f) TERMINATION FOR CAUSE OR TERMINATED FOR
CAUSE - means a termination of employment which is made primarily because of (i) the Optionee’s willful and continued failure to perform his job duties in a satisfactory manner after written notice from SunTrust to Optionee and a thirty
(30) day period in which to cure such failure, (ii) the Optionee’s conviction of a felony or engagement in a dishonest act, misappropriation of funds, embezzlement, criminal conduct or common law fraud, (iii) the Optionee’s
material violation of the Code of Business Conduct and Ethics of SunTrust or the Code of Conduct of a Subsidiary, (iv) the Optionee’s engagement in an act that materially damages or materially prejudices SunTrust or any Subsidiary or the
Optionee’s engagement in activities materially damaging to the property, business or reputation of SunTrust or any Subsidiary; or (v) the Optionee’s failure and refusal to comply in any material respect with the current and any future
amended policies, standards and regulations of SunTrust, any Subsidiary and their regulatory agencies, if such failure continues after written notice from SunTrust to the Optionee and a thirty (30) day period in which to cure such failure, or
the determination by any such governing agency that the Optionee may no longer serve as an officer of SunTrust or a Subsidiary. 
 Notwithstanding anything
herein to the contrary, if the Optionee is subject to the terms of a Change in Control Agreement at the time of his termination of employment with SunTrust or a Subsidiary, solely for purposes this Option Agreement, “Cause” shall have the
meaning provided in the Change in Control Agreement. 
 (h) TERMINATION FOR GOOD REASON - means a termination of employment made primarily because of
(i) a failure to elect or reelect or to appoint or to reappoint Optionee to, or the removal of Optionee from, the position which he or she held with SunTrust prior to the Change in Control, (ii) a substantial change by the Board or
supervising management in Optionee’s functions, duties or responsibilities, which change would cause Optionee’s position with SunTrust to become of less dignity, responsibility, importance or scope than the position held by Optionee prior
to the Change in Control or (iii) a substantial reduction of Optionee’s annual compensation from the lesser of: (A) the level in effect prior to the Change in Control or (B) any level established thereafter with the consent of
Optionee. 
 Notwithstanding anything herein to the contrary, if the Optionee is subject to the terms of a Change in Control Agreement at the time of his
termination of employment with SunTrust or a Subsidiary, solely for purposes of this Option Agreement, “Good Reason” shall have the meaning provided in the Change in Control Agreement. 
  

 -5-

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