Document:

<PAGE>
                                                                   EXHIBIT 10(c)

                              AMENDED AND RESTATED
                           PERFORMANCE INCENTIVE PLAN
                                       OF
                             SOUTHTRUST CORPORATION
                                       AND
                                ITS SUBSIDIARIES

         This Performance Incentive Plan, as amended and restated as of the 21st
day of December, 1994, of SOUTHTRUST CORPORATION, a Delaware corporation with
its principal place of business in Birmingham, Alabama, and its subsidiaries.

                              W I T N E S S E T H:

         WHEREAS, SouthTrust Corporation maintains the Amended and Restated
Performance Incentive Plan of SouthTrust Corporation (the "Plan"); and

         WHEREAS, the Board of Directors of SouthTrust Corporation has
determined that it is desirable and in the best interests of SouthTrust
Corporation to amend and restate the Plan;

         NOW, THEREFORE, the Board of Directors of SouthTrust Corporation hereby
adopts and ratifies the Amended and Restated Performance Incentive Plan of
SouthTrust Corporation and its subsidiaries as follows:

1.       DEFINITIONS.

         1.1      "Board" means the Board of Directors of SouthTrust.

         1.2      "Code" means the Internal Revenue Code of 1986, as amended

         1.3      "Compensation" means the base salary paid to Participating
                  Officers.

         1.4      "Committee" means the Human Resources Committee of the Board.

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         1.5      "Fiscal Year" means the calendar year.

         1.6      "Participant" means a Participating Officer who has been
                  designated for participation in the Plan by the Committee in
                  accordance with Section 3 of the Plan and who has commenced
                  participation in the Plan.

         1.7      "Participating Employer" means any corporation or other entity
                  (other than SouthTrust), which is a member of an "affiliated
                  group," as such term is defined in Section 1504 of the Code,
                  in which SouthTrust also is a member.

         1.8      "Performance Agreement" means the written notice described in
                  Section 3.2 of the Plan, executed by an executive officer of
                  SouthTrust and transmitted on behalf of the Committee by
                  SouthTrust to each Participant, setting forth the terms and
                  conditions of each Participant's participation in the Plan.

         1.9      "Plan" means the Amended and Restated Performance Incentive
                  Plan of SouthTrust Corporation and its subsidiaries
                  established by this document, as amended from time to time,
                  and any related Performance Agreements.

         1.10     "Participating Officer" means, unless otherwise indicated by
                  the context, (i) those persons who are full-time employees of
                  SouthTrust and (ii) those persons who are full-time employees
                  of each Participating Employer, provided that such persons are
                  serving in an executive capacity with SouthTrust or any
                  Participating Employer.

         1.11     "SouthTrust" means SouthTrust Corporation, a corporation
                  organized and existing under the laws of the State of
                  Delaware, with its principal place of business in Birmingham,
                  Alabama, and any assign or successor thereto, whether by
                  merger, consolidation, sale of assets, liquidation or
                  otherwise.

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2.       PURPOSE. The Plan is intended to motivate Participants to render
         superior service to SouthTrust and its subsidiaries and for achieving
         certain performance goals and criterion established by the Committee.

3.       PARTICIPATION.

         3.1      Selection to Participate. Upon recommendation from the
                  Chairman and the President of SouthTrust, the Committee, prior
                  to the close of each Fiscal Year, may designate in writing one
                  or more Participating Officers as persons eligible to
                  participate in the Plan during the next succeeding Fiscal
                  Year, except that in the case of the Fiscal Year ending
                  December 31, 1994, the Committee may make such designation
                  prior to April 1, 1994.

         3.2      Designation of Award and Performance Criteria. Within ninety
                  (90) days after the commencement of each Fiscal Year, the
                  Committee shall approve and establish, and shall request that
                  SouthTrust, on its behalf, communicate in writing to each
                  Participating Officer who is to be a Participant in the Plan
                  for such Fiscal Year, the terms and conditions of each such
                  Participant's participation in the Plan for such Fiscal Year,
                  including the award that each such Participant will be
                  eligible to earn during such Fiscal Year (which award may be
                  expressed as a percentage of each such Participant's
                  compensation for such Fiscal Year and may specify a minimum,
                  maximum and target award for each such Participant) and the
                  performance criteria that must be achieved in order for each
                  such Participant to earn the minimum, maximum, target or any
                  other amount of such award (which, if the Participant is a
                  Participating Officer of SouthTrust, may be expressed as a
                  dollar amount of net income, after taxes, of SouthTrust on a
                  consolidated basis for such Fiscal Year or, if the Participant
                  is a Participating Officer of any Participating Employer, a
                  dollar amount of net income, after taxes, of such
                  Participating Employee on a consolidated basis for such Fiscal
                  Year, determined, in each case, in accordance with generally
                  accepted accounting principles, applied on a basis consistent
                  with prior periods, and which also may be expressed in a
                  manner so as to include such other performance criteria with
                  respect to any such

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                  Participant as the Committee, in its discretion, may deem
                  appropriate). In establishing the award and performance
                  criteria of Participants in the Plan, the Committee shall
                  consider the Participant's level of responsibility with
                  SouthTrust or any Participating Employer and the Participant's
                  potential contribution to the net income goals or other goals
                  of SouthTrust or such Participating Employer; in establishing
                  the award and performance criteria of any Participant, the
                  Committee shall solicit the recommendation of the Chairman and
                  the President of SouthTrust.

4.       PAYMENT OF AWARDS.

         4.1      Calculation of Award Payments. Within sixty (60) days
                  following the close of each Fiscal Year in which a Participant
                  is participating in the Plan, the Committee shall compare the
                  terms and conditions of the award of each Participant and the
                  performance criteria assigned to each such Participant to the
                  results of operations and other financial data reported by
                  SouthTrust and each Participating Employer for such Fiscal
                  Year, which results of operations and financial data shall be
                  consolidated if appropriate to do so and shall be determined
                  in accordance with generally accepted accounting principles,
                  applied on a basis consistent with prior periods. Following
                  such process, and prior to the payment of awards pursuant to
                  Section 4.2 below, the Committee shall determine whether, and
                  the extent to which, each Participant has met the terms and
                  conditions of the award for the Fiscal Year in question and
                  shall certify such fact in writing to each Participant and to
                  the Board of Directors of SouthTrust (and, if appropriate, the
                  Board of Directors of any Participating Employer).

         4.2      Payment of Award Amounts. All awards determined to have been
                  earned pursuant to Section 4.2 of the Plan, adjusted as
                  contemplated by Section 4.3 below, shall be payable in cash,
                  as soon as administratively possible following the
                  certification described in Section 4.1 above, but in no event
                  later than seventy-five (75) days following the close of the
                  Fiscal Year to which such award related.

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         4.3      Effect of Discretionary Bonuses. As may be consistent with the
                  business objectives of SouthTrust and each Participating
                  Employer, the Committee, in its discretion, and, subject to
                  approval of the Board, may elect to pay a discretionary bonus
                  to any Participant in the Plan prior to the end of any Fiscal
                  Year, which discretionary bonus, at the discretion of and as
                  specified by the Committee, may or may not reduce any award
                  that may be earned by any such Participant under the Plan for
                  such Fiscal Year. In the event that any such bonus is paid
                  prior to the end of any Fiscal Year, and in the event that the
                  Committee determines that such bonus is to reduce any award
                  that may be earned by any Participant under the Plan, such
                  bonus, or any award payable under the Plan following the end
                  of such Fiscal Year, shall be reduced appropriately to reflect
                  the time value of money, any award payable under the Plan
                  following the end of such Fiscal Year shall be reduced by the
                  amount of such discretionary bonus, and in the event that any
                  award payable to any Participant under the Plan for such
                  Fiscal Year is less than the amount of such discretionary
                  bonus, such Participant shall be obligated to repay the amount
                  of such discretionary bonus to SouthTrust or any Participating
                  Employer, as may be the case, plus interest accrued thereon
                  from the date of payment of such discretionary bonus at a rate
                  equal to the prime rate of interest that existed at SouthTrust
                  Bank of Alabama, N.A. as of the date of payment of such
                  discretionary bonus.

         4.4      Effect of Termination of Employment on Payment of Award. In
                  the event the employment of a Participant terminates at any
                  time prior to the close of the Fiscal Year for which an award
                  has been made for any reason, including, without limitation,
                  death, disability or normal or early retirement, participation
                  in this Plan shall end and no amount shall be payable under
                  the terms of this Plan.

5.       ADMINISTRATION.

         5.1      Powers and Duties. The Plan shall be administered by the
                  Committee and the Committee shall have the power and duty to:

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                  (a)      construe and interpret the provisions of the Plan;

                  (b)      adopt, amend, or revoke rules and regulations for the
                           administration of the Plan, provided they are not
                           inconsistent with the provisions of the Plan;

                  (c)      appoint and retain such persons as may be necessary
                           to carry out the functions of the Administrator; and

                  (d)      take such other action as may reasonably be required
                           to administer the Plan in accordance with its terms
                           or as may be provided for or required by law.

6.       MISCELLANEOUS.

         6.1      Amendment or Termination. The Plan may be amended or
                  terminated at any time by SouthTrust with respect to any or
                  all Participants, which amendment or termination shall be
                  reflected in a written instrument approved by the Committee
                  and executed by a duly authorized officer of SouthTrust.

         6.2      Governing Law. Except as provided under federal law, the
                  provisions of the Plan shall be governed by and construed in
                  accordance with the laws of the State of Alabama.

         6.3      Right to Employment. This Agreement shall not be construed as
                  giving the Participant any right to continued employment with
                  SouthTrust.

         6.4      Entire Agreement. This Plan, as completed and executed by
                  SouthTrust, the Participation Agreements, and all amendments
                  thereto, will constitute the entire agreement between
                  SouthTrust and Participants regarding the Plan.

         6.5      Captions. The captions or headings in this Agreement are made
                  for convenience and general reference only and shall not be
                  construed to describe, define, or limit the scope or intent of
                  the provisions of this Agreement.

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         IN WITNESS WHEREOF, SouthTrust, by and through its duly authorized
officers, has caused this instrument to be executed under seal on the date first
above written.

                                                   SOUTHTRUST CORPORATION

                                             By: /s/ Roy Gilbert
                                                --------------------------------

                                             Its: President
                                                 -------------------------------

ATTEST:

Aubrey D. Barnard
Secretary

                                       7<PAGE>
                                                                   EXHIBIT 10(d)

STATE OF ALABAMA

JEFFERSON COUNTY

                                   ADDENDUM TO
                             SOUTHTRUST CORPORATION
                  PERFORMANCE INCENTIVE RETIREMENT BENEFIT PLAN

         SOUTHTRUST CORPORATION, a Corporation organized and existing under the
laws of the State of Delaware, (hereinafter called the "Employer"), hereby
publishes on this the 20th day of April, 1994 this Addendum to the
SouthTrust Corporation Performance Incentive Retirement Benefit Plan, as
follows:

                              W I T N E S S E T H:

         WHEREAS, Employer, effective on December 31, 1993, established a
Performance Incentive Retirement Benefit Plan and Trust; and

         WHEREAS, the Internal Revenue Service has recently taken the position
in a private letter ruling that all employers which participate in nonqualified
deferred compensation plans are grantors under the plan and accompanying trust;
and

         WHEREAS, it is the desire of SouthTrust Corporation that the Plan and
Trust conform to the Internal Revenue Service position.

         NOW, THEREFORE, in consideration of the premises hereinabove set forth,
Employer hereby clarifies the Plan, by addendum, as follows:

         FIRST: Section 10.3 of said Plan shall be amended to read as follows:

         10.3 Unsecured Promise. SouthTrust, each Employing Company and each
Participant acknowledges that this Agreement shall create only an unsecured
promise by SouthTrust and each Employing Company to Participants to pay the
benefits provided herein. Until the occurrence of a distribution event, at which
point Participant shall be entitled to receive all amounts as provided
hereunder, all such amounts shall remain solely the property of SouthTrust and
each Employing Company (with respect to the assets contributed on behalf of its
employees) subject only to the claims of the general creditors of the Employer
and each Employing Company.

         SECOND: This Addendum shall be effective as of the date first entered
above.

         THIRD: In all other respects, said Plan is hereby ratified, confirmed
and approved.

<PAGE>

         The Employer has caused this Addendum to be executed by its duly
authorized officer and duly attested, and its corporate seal to be hereunto
affixed on the day and year first above written.

                                         SOUTHTRUST CORPORATION

                                         By /s/ Wallace D. Malone
                                            ------------------------------------
                                            Wallace D. Malone,
                                            Chairman and Chief Executive Officer

ATTEST:                                                     (EMPLOYER)

/s/ Aubrey D. Barnard
-------------------------------
Aubrey D. Barnard,
Secretary

(CORPORATE SEAL)

                                      -2-
<PAGE>

STATE OF ALABAMA  )

JEFFERSON COUNTY  )

                             SOUTHTRUST CORPORATION
                  PERFORMANCE INCENTIVE RETIREMENT BENEFIT PLAN

         SOUTHTRUST CORPORATION, a Delaware corporation with its principal place
of business in Birmingham, Alabama (hereinafter for convenience referred to as
"SouthTrust") hereby adopts and publishes this SouthTrust Corporation
Performance Incentive Retirement Benefit Plan for the benefit of a select group
of highly compensated or management employees of SouthTrust and other Employing
Companies (hereinafter for convenience referred to as "Participants"), to be
effective as of the 31st day of December, 1993, as follows:

                              W I T N E S S E T H:

         WHEREAS, SouthTrust has established the SouthTrust Corporation
Performance Incentive Retirement Benefit Plan effective the 31st day of
December, 1993; and

         WHEREAS, notwithstanding the establishment of a trust, it is intended
that the Plan shall remain unfunded for purposes of Title I of ERISA and for tax
purposes; and

         WHEREAS, Participants shall be highly compensated or management
employees of SouthTrust and other Employing Companies; and

         WHEREAS, SouthTrust has determined that the Participants have performed
outstanding services for SouthTrust, and as such, shall be entitled to
additional retirement benefits according to the terms and provisions set forth
in this Plan and the Internal Revenue Code of 1986, as amended.

         NOW, THEREFORE, IN CONSIDERATION OF THE ABOVE PREMISES, and the mutual
covenants hereinafter set forth, faithfully to be kept by the parties hereto, it
is agreed as follows:

         1.       DEFINITIONS. In addition to the definitions listed below, all
definitions found in the Retirement Plan which are necessary for the logical
interpretation of the terms of this Plan are incorporated herein by reference as
if fully set forth herein.

                  1.1      "Beneficiary" means the individual or entity entitled
to be paid the balance of a deceased Participant's benefits hereunder.

                  1.2      "Board" means the Board of Directors of SouthTrust.

                  1.3      "Code" means the Internal Revenue Code of 1986, as
amended.

                  1.4      "Committee" means the Human Resources Committee of
SouthTrust.

<PAGE>

                  1.5      "Effective Date" of the Plan means the 31st day of
December, 1993.

                  1.6      "Employing Company" means any subsidiary or other
organization which is a member of an Affiliated Group, as that term is defined
in Section 1504 of the Code, with SouthTrust.

                  1.7      "Final Average Incentive Pay" means the average
monthly amount determined by dividing the total Incentive Pay of a Participant
for the five consecutive Plan Years in which his Incentive Pay was highest
during the last 180 calendar months of his Credited Service prior to his
retirement (or, in the case of a Participant who is receiving disability
benefits pursuant to Article V of the Retirement Plan, prior to the date he
became Totally and Permanently Disabled (as those terms are defined in the
Retirement Plan), or other date as of which a calculation in respect thereof is
to be made, by sixty (60). In the event that the Participant shall have had
Incentive Pay for less than five consecutive Plan Years, his total Incentive Pay
for such lesser number of consecutive Plan Years shall be divided by the product
of 12 and the number of such consecutive Plan Years during such total period.

                  1.8      "Incentive Pay" means the award amounts determined
and paid in accordance with the SouthTrust Corporation Senior Officer
Performance Incentive Plan ("Incentive Plan"), as the same may be amended from
time to time.

                  1.9      "Participant" means a highly compensated or
management employee of SouthTrust who has been notified by the Committee that he
is covered under this Plan.

                  1.10     "Plan" means the SouthTrust Corporation Performance
Incentive Retirement Benefit Plan established by this document and as may be
amended from time to time and executed by SouthTrust, and any related documents
executed by the Participant.

                  1.11     "Plan Year" means the calendar year.

                  1.12     "Retirement Plan" means the SouthTrust Corporation
Revised Retirement Income Plan, as the same may be amended from time to time.

                  1.13     "SouthTrust" means SouthTrust Corporation, a
corporation, organized and existing under the laws of the State of Delaware,
with its principal place of business in Birmingham, Alabama, and any corporate
successor thereto, whether by merger, consolidation, liquidation into a parent
corporation, or otherwise.

                  1.14     "Trust" shall mean the Trust for the Benefit of
Participants in the SouthTrust Corporation Performance Incentive Retirement
Benefit Plan created simultaneously herewith for the benefit of Participants
pursuant to the terms of this Plan.

                  1.15     "Year of Credited Service" shall mean each Plan Year
during which an Employee has completed not less than one thousand (1,000) Hours
of Service with the Employer or with any member of the Controlled Group or
Affiliated Service Group, provided, however, that service before the
Participant's employment commencement date with SouthTrust shall not be credited
unless otherwise credited under the Retirement Plan.

                                        2
<PAGE>

         2.       PURPOSE. The Plan is intended to be unfunded for purposes of
Title I of ERISA and for tax purposes and is also intended to provide retirement
benefits on income earned by Participants who participate in the Incentive Plan.

         3.       ELIGIBILITY. Persons selected by the Committee shall be
eligible to participate.

         4.       PARTICIPATION. The Committee will select those employees, if
any, who will participate in the Plan. The Committee will notify each
Participant in writing of his participation in the Plan and the date he will
commence participation.

         5.       ESTABLISHMENT OF TRUST. SouthTrust will establish
contemporaneously herewith a Trust by entering into a trust agreement with Trust
Company Bank as Trustee. SouthTrust will make contributions to the Trust as
calculated by the actuary in order to fund the benefits provided under this
Plan.

         6.       BENEFITS.

                  6.1      The retirement benefit to be provided for each
Participant shall be an annuity providing for monthly payments, commencing on
the first day of the calendar month next following such Participant's Normal
Retirement Date, as defined in the Retirement Plan, (or later actual retirement)
and terminating on the first day of the calendar month in which such Participant
dies, in an amount equal to 1.55% of Final Average Incentive Pay multiplied by
Years of Credited Service.

                  6.2      Benefits at early retirement, death and disability
will be paid as provided under the Retirement Plan, calculated on the basis of
the retirement benefit provided in Section 6.1, adjusted as required by the
Retirement Plan.

                  6.3      Benefits under this Plan shall not be reduced by any
deferrals of income by the Employee under any other non-qualified deferred
compensation plan maintained by the Employer.

         7.       VESTING A Participant's Accrued Benefit shall be vested in
accordance with ARTICLE VI of the Retirement Plan, except that: (a) ten (10)
Years of Credited Service shall replace five (5) Years of Service wherever it
appears in Subparagraph (1)(a) of ARTICLE VI and (b) service before the
Participant's employment commencement date with SouthTrust shall not be
credited.

         8.       PAYMENT OF BENEFITS.

Payment of the benefits provided for in Section 6 hereinabove shall be made in
the same manner, at the same time, upon occurrence of the same events, and
subject to the same conditions as provided under the Retirement Plan.

         9.       ADMINISTRATION.

                  9.1      Administrator. This Plan shall be administered by the
Committee.

                  9.2      Administrator's Powers and Duties. The Administrator
shall have the power and duty to:

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                           (a)      construe and interpret the provisions of the
Plan;

                           (b)      adopt, amend, or revoke rules and
regulations for the administration of the Plan, provided they are not
inconsistent with the provisions of the Plan;

                           (c)      provide appropriate parties with such
returns, reports, descriptions and statements as may be required by law, within
the times prescribed by law and to make them available for examination by
Participants and their Beneficiaries when required by law;

                           (d)      take such other action as may reasonably be
required to administer the Plan in accordance with its terms or as may be
provided for or required by law;

                           (e)      withhold applicable taxes and file with the
Internal Revenue Service appropriate information returns, with respect to
distributions made from the Plan; and

                           (f)      appoint and retain such persons as may be
necessary to carry out the functions of the Administrator.

                           (g)      Upon the occurrence of a Change In Control,
the Committee shall delegate and the Trustee shall accept any and all
administrative duties created by this Agreement.

         10.      MISCELLANEOUS.

                  10.1     Amendment or Termination of Plan. This Plan may not
be modified or amended in whole or in part, except as amendments may be required
as a result of applicable amendments made to the Retirement Plan. This Plan may
not be terminated except to the extent that the Retirement Plan is terminated.
In addition, no amendment or modification to the Plan shall reduce or impair the
Participant's or Beneficiary's accrued benefits or optional forms of benefits
which are attributable to services performed prior to the amendment. In the
event the Plan is terminated prior to a Participant's Normal Retirement Age, as
defined in the Retirement Plan, the benefit payable to or with respect to the
Participant hereunder shall be limited to the actuarial equivalent of the
Participant's benefit hereunder, determined as of the date of payment of such
benefit is made.

                  10.2     Reversion of Additional Assets. In the event there
are assets remaining in the Trust after all obligations to all Participants and
Beneficiaries have been satisfied and after this Plan has been terminated, such
assets shall revert to SouthTrust.

                  10.3     Unsecured Promise. SouthTrust, each Participant and
each Employing Company acknowledge that this Agreement shall create only an
unsecured promise by SouthTrust to Participants to pay the benefits provided
herein. Until the occurrence of a distribution event, at which point Participant
shall be entitled to receive all amounts as provided hereunder, all such amounts
shall remain solely the property of SouthTrust, subject only to the claims of
its general creditors.

                                      4
<PAGE>

                  10.4     Assignment of Rights to Benefits. A Participant's
rights to benefit payments under the Plan shall not be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge encumbrance,
attachment or garnishment by the Participant, by creditors of the Participant or
the Participant's beneficiary.

                  10.5     Unfunded Plan. It is the intention of SouthTrust,
each Participating Employer and each Participant that the Plan be unfunded for
tax purposes and for purposes of Title I of ERISA.

                  10.6     Right to Employment. This Agreement shall not be
construed as giving the Participant any right to continued employment with
SouthTrust.

                  10.7     Adoption By Employing Companies. Any Employing
Company other than SouthTrust may adopt the Plan by executing and delivering to
SouthTrust a written instrument provided for such Adoption.

                  10.8     Binding Nature of the Plan. The Plan shall be binding
upon and inure to the benefit of SouthTrust, its successors and assigns, the
Participant and Beneficiaries and their heirs and legal representatives.

                  10.9     Written Notice. Any notice or other communication
required or permitted under the Plan shall be in writing. If directed to
SouthTrust, the notice or communication shall be sent to the Committee and the
Trustee. If directed to the Participant, it shall be sent to such Participant at
the last known address as it appears on SouthTrust's records or at the work
site, at SouthTrust's option. If directed to a Beneficiary or Eligible Spouse,
it shall be sent to such Beneficiary or Eligible Spouse at the last known
address as it appears on SouthTrust's records.

                  10.10    Entire Agreement. This Plan, as completed and
executed by SouthTrust, the designation of Beneficiary forms executed by
Participants and all amendments thereto, will constitute the entire agreement
between SouthTrust and Participant regarding the Plan.

                  10.11    Controlling Law. This Plan shall be construed in
accordance with the laws of the State of Alabama.

                  10.12    Captions. The captions or headings in this Agreement
are made for convenience and general reference only and shall not be construed
to describe, define or limit the scope or intent of the provisions of this
Agreement.

                                       5
<PAGE>

         IN WITNESS WHEREOF, SouthTrust by and through its duly authorized
officers have caused this instrument to be executed under seal on the 20th day
of October, 1993.

                                          SOUTHTRUST CORPORATION

                                          /s/ Wallace D. Malone
                                          --------------------------------------
                                          Wallace D. Malone
                                          Chairman of the Board and
                                          Chief Executive Officer

Attest:

/s/ Aubrey D. Barnard
-------------------------------                    (SouthTrust)
Aubrey D. Barnard
Secretary

[CORPORATE SEAL]

                                       6

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