Document:

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                                                                    Exhibit 4.12
                        NATIONAL COMMERCE BANCORPORATION

                                 1994 STOCK PLAN

                             AS AMENDED AND RESTATED

                        EFFECTIVE AS OF NOVEMBER 1, 1996

                                TABLE OF CONTENTS

<TABLE>
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                                                                 Page
<S>                                                              <C>
Section 1.  BACKGROUND AND PURPOSE ........................       1
Section 2.  DEFINITIONS ...................................       1
            2.1    Bank Director ..........................       1
            2.2    Board ..................................       2
            2.3    Change in Control ......................       2
            2.4    Code ...................................       2
            2.5    Committee ..............................       2
            2.6    Director ...............................       3
            2.7    Fair Market Value ......................       3
            2.8    Insider ................................       3
            2.9    ISO ....................................       3
            2.10   Key Employee ...........................       4
            2.11   NCBC ...................................       4
            2.12   NQO ....................................       4
            2.13   Option .................................       4
            2.14   Option Agreement .......................       4
            2.15   Option Price ...........................       4
            2.16   Parent Corporation .....................       4
            2.17   Plan ...................................       4
            2.18   Restricted Stock .......................       4
            2.19   Restricted Stock Agreement .............       4
            2.20   Rule 16b-3 .............................       5
            2.21   Stock ..................................       5
            2.22   Subsidiary .............................       5
            2.23   Surrendered Shares .....................       5
            2.24   Ten Percent Shareholder ................       5
Section 3.  SHARES RESERVED UNDER PLAN ....................       5
Section 4.  EFFECTIVE DATE ................................       6
Section 5.  COMMITTEE .....................................       6
Section 6.  ELIGIBILITY ...................................       7
Section 7.  OPTIONS .......................................       7
            7.1    Committee Action .......................       7
            7.2    $100,000 Limit .........................       8
            7.3    Share NCBC Program .....................       8
Section 8.  OPTION PRICE ..................................       8
Section 9.  EXERCISE PERIOD ...............................       9
Section 10. NONTRANSFERABILITY ............................      10
Section 11. SURRENDER OF OPTIONS ..........................      10
            11.1   General Rule ...........................      11
            11.2   Procedure ..............................      11
            11.3   Payment ................................      11
            11.4   Restrictions ...........................      11
Section 12. RESTRICTED STOCK ..............................      12
            12.1   Committee Action .......................      12
            12.2   Effective Date .........................      12
            12.3   Conditions .............................      12
            12.4   Dividends and Voting Rights ............      13
            12.5   Satisfaction of Forfeiture Conditions
                   Provision for Income and Excise Taxes ..      14
Section 13. STOCK FOR ATTENDANCE AT MEETINGS...............      15
Section 14. SECURITIES REGISTRATION .......................      15
Section 15. LIFE OF PLAN ..................................      16
Section 16. ADJUSTMENT ....................................      17
Section 17. SALE, MERGER OR CHANGE IN CONTROL..............      18
Section 18. AMENDMENT OR TERMINATION ......................      19
Section 19. MISCELLANEOUS .................................      19
            19.1   Shareholder Rights .....................      19
            19.2   No Contract of Employment ..............      20
            19.3   Withholding ............................      20
            19.4   Construction ...........................      20
            19.5   Other Conditions .......................      21
</TABLE>

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                                     (S) 1.

                             BACKGROUND AND PURPOSE

   The primary purpose of this Plan is to promote the interest of NCBC through
grants to Key Employees of Options to purchase Stock and grants to Key Employees
of Restricted Stock and the payment of certain compensation to Directors and
Bank Directors in Stock (instead of in cash) in order (1) to attract Key
Employees, Directors and Bank Directors, (2) to provide an additional incentive
to each Key Employee, Director and Bank Director to work to increase the value
of Stock and (3) to provide each Key Employee, Director and Bank Director with a
stake in the future of NCBC which corresponds to the stake of each of NCBC's
stockholders.

                                     (S) 2.

                                  DEFINITIONS

   Each term set forth in this (S) 2 shall have the meaning set forth opposite
such term for purposes of this Plan and, for purposes of such definitions, the
singular shall include the plural and the plural shall include the singular.

   2.1 Bank Director--means an individual who is a member of the Board of
Directors of National Bank of Commerce (or any successor to such bank),
Nashville Bank of Commerce (or any successor to such bank), NBC Knoxville Bank
(or any successor to such bank), NBC Bank, F.S.B. (or any successor to such
bank) or a member of the Board of Directors of any other bank Subsidiary of NCBC
or affiliate (as such term is defined in Rule 405 of the Securities Act of 1933,
as amended) of NCBC which the Board designates as a Board of Directors eligible
to participate in this Plan and who is not an employee of NCBC or any Subsidiary
or affiliate (as such term is defined in Rule 405 of the Securities Act of 1933,
as amended) of NCBC.

   2.2 Board--means the Board of Directors of NCBC.

   2.3 Change in Control--means (1) the acquisition of the power to direct, or
cause the direction of, the management and policies of NCBC by a person (not
previously possessing such power), acting alone or in conjunction with others,
whether through the ownership of Stock, by contract or otherwise, or (2) the
acquisition, directly or indirectly, of the power to vote 20% or more of the
outstanding Stock by any person or by two or more persons acting together,
except an acquisition from NCBC or by NCBC, NCBC's management or a NCBC
sponsored employee benefit plan, where (3) the term "person" means a natural
person, corporation, partnership, joint venture, trust, government or
instrumentality of a government and (4) customary agreements with or between
underwriters and selling group members with respect to a bona fide public
offering of Stock shall be disregarded for purposes of this definition.

   2.4 Code--means the Internal Revenue Code of 1986, as amended.

   2.5 Committee--means the Stock Option and Management Compensation Committee
of the Board or, if the Stock Option and Management Compensation Committee at
any time has less than 3 members or has a member who (in NCBC's judgment) fails
to come within the definition of a "non-employee director" under Rule 16b-3 or
(in NCBC's judgment) fails to come within the definition of an "outside
director" under Code (S) 162(m), a committee which shall have at least 3
members, each of

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whom shall be appointed by and shall serve at the pleasure of the Board and
shall come within (in NCBC's judgment) the definition of a "non-employee
director" under Rule 16b-3 and within (in NCBC's judgment) the definition of an
"outside director" under Code (S) 162(m).

   2.6 Director--means a member of the Board who is not an employee of NCBC or
any Subsidiary or affiliate (as such term is defined in Rule 405 of the
Securities Act of 1933, as amended) of NCBC.

   2.7 Fair Market Value--means (1) the midpoint between the closing bid and
asked prices as reported by the Memphis, Tennessee, Commercial Appeal or, if the
Commercial Appeal no longer reports such bid and asked prices, (2) such bid and
ask prices as reported by a newspaper or trade journal or as quoted on a stock
price quotation system selected by the Committee or, if no such prices are
available on such date, (3) such bid and ask prices as so reported or so quoted
in accordance with (S) 2.7(1) or (S) 2.7(2) for the immediately preceding
business day, or, if no newspaper or trade journal reports such bid and ask
prices or if no such price quotations are available on a stock price quotation
system, (4) the price which the Committee acting in good faith determines
through any reasonable valuation method that a share of Stock might change hands
between a willing buyer and a willing seller, neither being under any compulsion
to buy or to sell and both having reasonable knowledge of the relevant facts.

   2.8 Insider--means any individual who is subject to Section 16(a) of the
Securities Exchange Act of 1934, as amended.

   2.9 ISO--means an option granted under this Plan to purchase Stock which is
intended to satisfy the requirements of (S) 422 of the Code.

   2.10 Key Employee--means a full time, salaried employee of NCBC or any
Subsidiary or any affiliate of NCBC designated by the Committee who, in the
judgment of the Committee acting in its absolute discretion, is key directly or
indirectly to the success of NCBC.

   2.11 NCBC--means National Commerce Bancorporation, a Tennessee corporation,
and any successor to such corporation.

   2.12 NQO--means an option granted under this Plan to purchase Stock which is
intended to fail to satisfy the requirements of (S) 422 of the Code.

   2.13 Option--means an ISO or a NQO.

   2.14 Option Agreement--means the written agreement which sets forth the terms
of an Option granted to a Key Employee under (S) 7 of this Plan.

   2.15 Option Price--means the price which shall be paid to purchase one share
of Stock upon the exercise of an Option granted under this Plan.

   2.16 Parent Corporation--means any corporation which is a parent of NCBC
within the meaning of (S) 424(e) of the Code.

   2.17 Plan--means this NCBC 1994 Stock Plan, as amended and restated effective
as of November 1, 1996 and thereafter amended from time to time, or, where
appropriate, this NCBC 1994 Stock Plan as in effect before November 1, 1996.

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   2.18 Restricted Stock--means Stock granted to a Key Employee under (S) 12 of
this Plan.

   2.19 Restricted Stock Agreement--means the written agreement which sets forth
the terms of a Restricted Stock grant to a Key Employee under (S) 12 of this
Plan.

   2.20 Rule 16b-3--means Rule 16b-3 to Section 16(b) of the Securities Exchange
Act of 1934, as amended, as in effect for any relevant period, or any successor
to such rule.

   2.21 Stock--means $2.00 par value common stock of NCBC.

   2.22 Subsidiary--means a corporation which is a subsidiary corporation
(within the meaning of (S) 424(f) of the Code) of NCBC.

   2.23 Surrendered Shares--means the shares of Stock described in (S) 11 which
(in lieu of being purchased) are surrendered for cash or Stock, or for a
combination of cash and Stock, in accordance with (S) 11.

   2.24 Ten Percent Shareholder--means a person who owns (after taking into
account the attribution rules of (S) 424(d) of the Code) more than ten percent
of the total combined voting power of all classes of stock of either NCBC, a
Subsidiary or a Parent Corporation.

                                     (S) 3.

                           SHARES RESERVED UNDER PLAN

   There shall be 1,000,000 shares of Stock reserved for use under this Plan
plus the shares which remain available as of October 31, 1996 from the 1,050,000
shares originally reserved under this Plan. All such shares of Stock shall be
reserved to the extent that NCBC deems appropriate from authorized but unissued
shares of Stock and from shares of Stock which have been reacquired by NCBC.
Furthermore, any shares of Stock subject to an Option which remain unissued
after the cancellation, expiration or exchange of such Option and any Restricted
Shares which are forfeited thereafter shall again become available for use under
this Plan, but any Surrendered Shares which remain unissued after the surrender
of an Option under (S) 11 and any shares of Stock used to satisfy a withholding
obligation under (S) 19.3 shall not again become available for use under this
Plan.

                                     (S) 4.

                                 EFFECTIVE DATE

   The effective date of this amended and restated Plan shall be November 1,
1996, provided the shareholders of NCBC (acting at a duly called meeting of such
shareholders) approve such adoption within twelve months of such date and such
approval satisfies the requirements for shareholder approval under (S) 422(b)(1)
of the Code. Any Restricted Stock granted under this Plan from the additional
1,000,000 shares of Stock reserved as of November 1, 1996 automatically shall be
granted subject to such approval and, further, any Option granted under this
Plan from the additional 1,000,000 shares of Stock reserved as of November 1,
1996 shall be granted subject to such approval.

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                                     (S) 5.

                                    COMMITTEE

   This Plan shall be administered by the Committee. The Committee acting in its
absolute discretion shall exercise such powers and take such action as expressly
called for under this Plan and, further, the Committee shall have the power to
interpret this Plan and (subject to (S) 16, (S) 17 and (S) 18 and Rule 16b-3) to
take such other action in the administration and operation of this Plan as the
Committee deems equitable under the circumstances, which action shall be binding
on NCBC, on each affected Key Employee, Director or Bank Director and on each
other person directly or indirectly affected by such action.

                                     (S) 6.

                                   ELIGIBILITY

   Eligibility for the grant of NQOs shall be limited to Key Employees. Only Key
Employees who are employed by NCBC or a Subsidiary shall be eligible for the
grant of ISOs, and only Key Employees shall be eligible for the grant of
Restricted Stock under this Plan.

                                     (S) 7.

                                     OPTIONS

   7.1 Committee Action. The Committee acting in its absolute discretion shall
have the right to grant Options to Key Employees under this Plan from time to
time to purchase shares of Stock; provided, however, that (1) no grants of ISOs
shall be made to Key Employees who are not employed by NCBC or a Subsidiary and
(2) the number of shares of Stock subject to Options granted to a Key Employee
during any calendar year shall not exceed 60,000 shares each calendar year
unless the Key Employee is NCBC's Chief Executive Officer in which event such
number shall not exceed 100,000 shares each calendar year. Each grant of an
Option to a Key Employee shall be evidenced by an Option Agreement, and each
Option Agreement shall set forth whether the Option is an ISO or a NQO and shall
set forth such other terms and conditions of such grant as the Committee acting
in its absolute discretion deems consistent with the terms of this Plan;
however, if the Committee grants an ISO and a NQO to a Key Employee on the same
date, the right of the Key Employee to exercise or surrender one such Option
shall not be conditioned on his or her failure to exercise or surrender the
other such Option. The Committee shall have the right to grant a NQO and
Restricted Stock to a Key Employee at the same time and to condition the
exercise of the NQO on the forfeiture of the Restricted Stock grant.

   7.2 $100,000 Limit. No Option shall be treated as an ISO to the extent that
the aggregate Fair Market Value of Stock (determined as of the date such Option
is granted) which first become exercisable in any calendar year exceeds
$100,000, and any such Option to the extent of such excess shall be treated as
an NQO. The Fair Market Value of Stock subject to any other option (determined
as the date such option was granted) which (1) satisfies the requirements of (S)
422 of the Code and (2) is granted to a Key Employee under a plan maintained by
NCBC, a Subsidiary or a Parent Corporation shall be treated (for purposes of
this $100,000 limitation) as if granted under this Plan. The Committee shall
interpret and administer the limitation set forth in this (S) 7.2 in accordance
with (S) 422(d) of the Code.

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   7.3 Share NCBC Program. The Committee as part of this Plan shall continue to
maintain a program under which the Committee shall have the right (where the
Committee deems appropriate) to condition the grant of an Option to a Key
Employee in whole or in part on the purchase of Stock by such Key Employee, and
the Committee shall establish such rules and procedures for the purchase of
Stock and the related grant of any Option under such program as the Committee
deems appropriate under the circumstances; provided, however, (1) all Stock
purchases under such program shall be made in the open market and (2) the
Committee shall grant any related Option at an Option Price equal to the
purchase price paid by a Key Employee in purchasing such Stock in the open
market.

                                     (S) 8.

                                  OPTION PRICE

   The Option Price for each share of Stock subject to an Option which is
granted to a Key Employee shall (subject to (S) 7.3) be no less than the Fair
Market Value of a share of Stock on the date the Option is granted; provided,
however, if the Option is an ISO granted to a Key Employee who is a Ten Percent
Shareholder, the Option Price for each share of Stock subject to such ISO shall
be no less than 110% of the Fair Market Value of a share of Stock on the date
such ISO is granted. The Option Price shall be payable in full upon the exercise
of any Option, and at the discretion of the Committee an Option Agreement can
provide for the payment of the Option Price either in cash, by check or in Stock
which the Key Employee has held for at least 90 days and which is otherwise
acceptable to the Committee or in any combination of cash, check and such Stock.
Any payment made in Stock shall be treated as equal to the Fair Market Value of
such Stock on the date the properly endorsed certificate for such Stock is
delivered to the Committee or its delegate.

                                     (S) 9.

                                 EXERCISE PERIOD

   Each Option granted under this Plan to a Key Employee shall be exercisable in
whole or in part at such time or times as set forth in the related Option
Agreement, but no Option Agreement shall make an Option granted to a Key
Employee exercisable before the end of the six consecutive month period
beginning on the date as of which the Option is granted or on or after the
earlier of

   (1) the date such Option is exercised in full, or

   (2) the date which is the fifth anniversary of the date the Option is
      granted, if the Option is an ISO and the Key Employee is a Ten Percent
      Shareholder on the date the Option is granted, or

   (3) the date which is the tenth anniversary of the date the Option is
      granted, if the Option is (a) an NQO or (b) an ISO which is granted to a
      Key Employee who is not a Ten Percent Shareholder on the date the Option
      is granted.

An Option Agreement may provide for the exercise of an Option after the
employment of a Key Employee has terminated for any reason whatsoever, including
death or disability.

                                     (S) 10.

                               NONTRANSFERABILITY

   Neither an Option granted under this Plan nor any related surrender rights
under (S) 11 nor any Restricted Stock shall be transferable by a Key Employee
other than by will or by the laws of descent

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and distribution, and any such Option and any such surrender rights shall be
exercisable during the lifetime of a Key Employee only by such Key Employee. The
person or persons to whom an Option or any related surrender rights or any
Restricted Stock is transferred by will or by the laws of descent and
distribution thereafter shall be treated as the Key Employee under this Plan.

                                     (S) 11.

                              SURRENDER OF OPTIONS

   11.1 General Rule. The Committee acting in its absolute discretion may
incorporate a provision in an Option Agreement to allow a Key Employee to
surrender his or her Option in whole or in part in lieu of the exercise in whole
or in part of that Option on any date that

   (1) the Fair Market Value of the Stock subject to such Option exceeds the
      Option Price for such Stock, and

   (2) Option to purchase such Stock is otherwise exercisable.

   11.2 Procedure. The surrender of an Option in whole or in part shall be
effected by the delivery of the Option Agreement to the Committee (or to its
delegate) together with a statement signed by the Key Employee which specifies
the number of shares of Stock as to which the Key Employee surrenders his or her
Option and (at the Key Employee's option) how he or she desires payment be made
for such Surrendered Shares.

   11.3 Payment. A Key Employee in exchange for his or her Surrendered Shares
shall (to the extent consistent with the exemption under Rule 16b-3) receive a
payment in cash or in Stock, or in a combination of cash and Stock, equal in
amount on the date such surrender is effected to the excess of the Fair Market
Value of the Surrendered Shares on such date over the Option Price for the
Surrendered Shares. The Committee acting in its absolute discretion shall
determine the form and timing of such payment, and the Committee shall have the
right (1) to take into account whatever factors the Committee deems appropriate
under the circumstances, including any written request made by the Key Employee
and delivered to the Committee (or to its delegate) and (2) to forfeit a Key
Employee's right to payment of cash in lieu of a fractional share of stock if
the Committee deems such forfeiture necessary in order for the surrender of his
or her Option under this (S) 11 to come within the exemption under Rule 16b-3.

   11.4 Restrictions. Any Option Agreement which incorporates a provision to
allow a Key Employee to surrender his or her Option in whole or in part also
shall incorporate such additional restrictions on the exercise or surrender of
such Option as the Committee deems necessary to satisfy the conditions to the
exemption under Rule 16b-3.

                                     (S) 12.

                                RESTRICTED STOCK

   12.1 Committee Action. The Committee acting in its absolute discretion shall
have the right to grant Restricted Stock to any Key Employee under this Plan
from time to time and, further, shall have the right to make new Restricted
Stock grants in exchange for outstanding Restricted Stock grants. Each
Restricted Stock grant shall be evidenced by a Restricted Stock Agreement, and
each Restricted Stock Agreement shall set forth the conditions, if any, under
which the grant will be effective and the conditions under which the Key
Employee's interest in the underlying Stock will become nonforfeitable.

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   12.2 Effective Date. A Restricted Stock grant shall be effective (1) as of
the date set by the Committee when the grant is made or, if the grant is made
subject to one, or more than one, condition, (2) as of the date such conditions
have been timely satisfied.

   12.3 Conditions.

   (a) Grant Conditions. The Committee acting in its absolute discretion may
make the grant of Restricted Stock to a Key Employee effective only upon the
satisfaction of one, or more than one, objective employment, performance or
other grant condition which the Committee deems appropriate under the
circumstances for Key Employees generally or for a Key Employee in particular,
and the related Restricted Stock Agreement shall set forth each such condition
and the deadline for satisfying each such grant condition. If a Restricted Stock
grant will be effective only upon the satisfaction of one, or more than one,
condition, the shares of Stock underlying such grant shall be unavailable under
(S) 3 for the period which begins on the date as of which such grant is made and
which ends as of the date, if any, that the grant becomes effective under (S)
12.2. If a Restricted Stock grant fails to become effective in whole or in part
under (S) 12.2, the underlying shares of Stock subject to such grant (if the
entire grant fails to become effective) or the underlying shares of Stock
subject to that part of the grant which fails to become effective (if only part
of the grant fails to become effective) shall be treated under (S) 3 as
forfeited and shall again become available under (S) 3 as of the date of such
failure.

   (b) Forfeiture Conditions. Each Restricted Stock grant shall (when effective)
be subject to one, or more than one, objective employment, performance or other
forfeiture condition that the Committee acting in its absolute discretion deems
appropriate under the circumstances for Key Employees generally or for a Key
Employee in particular, including a condition which results in a forfeiture if a
Key Employee exercises a NQO granted in tandem with his or her Restricted Stock
grant, and the related Restricted Stock Agreement shall set forth each such
condition and the deadline for satisfying each such forfeiture condition. A Key
Employee's nonforfeitable interest in the shares of Stock underlying a
Restricted Stock grant shall depend on the extent to which he or she timely
satisfies each such condition. Each share of Stock underlying a Restricted Stock
grant shall be unavailable under (S) 3 after such grant is effective unless such
share is forfeited as a result of a failure to timely satisfy a forfeiture
condition, in which event such share of Stock shall again become available under
(S) 3 as of the date of such failure.

   12.4 Dividends and Voting Rights. If a cash dividend is declared on a share
of Stock underlying a Restricted Stock grant during the period which begins on
the date such grant is effective and ends immediately before the first date that
a Key Employee's interest in such underlying Stock (1) is forfeited completely
or (2) becomes completely nonforfeitable, NCBC shall pay such cash dividend
directly to such Key Employee. If a Stock dividend is declared on such a share
of Stock during such period, such Stock dividend shall be treated as part of the
grant of the related Restricted Stock, and a Key Employee's interest in such
Stock dividend shall be forfeited or shall become nonforfeitable at the same
time as the Stock with respect to which the Stock dividend was paid is forfeited
or becomes nonforfeitable. The disposition of each other form of dividend which
is declared on such a share of Stock during such period shall be made in
accordance with such rules as the Committee shall adopt with respect to each
such dividend. A Key Employee also shall have the right to vote the Stock
underlying his or her Restricted Stock grant during such period.

   12.5 Satisfaction of Forfeiture Conditions; Provision for Income and Excise
Taxes. A share of Stock shall cease to be Restricted Stock at such time as a Key
Employee's interest in such Stock becomes nonforfeitable under this Plan, and
the agreement representing such share shall be transferred

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to the Key Employee as soon as practicable thereafter. The Committee acting in
its absolute discretion shall have the power to authorize and direct the payment
of a cash bonus (or to provide in the terms of the Restricted Stock Agreement
for NCBC to make such payment) to a Key Employee to pay all, or any portion of,
his or her federal, state and local income and excise tax liability which the
Committee deems attributable to his or her interest in his or her Restricted
Stock grant becoming nonforfeitable and, further, to pay any such tax liability
attributable to such cash bonus.

                                     (S) 13.

                        STOCK FOR ATTENDANCE AT MEETINGS

   Subject to the approval of this Plan by the shareholders in accordance with
(S) 4, each Director and each Bank Director shall receive for 1997 and for each
calendar year thereafter 100 shares of Stock under this Plan if he or she
attends all of the regularly scheduled meetings of each Board of Directors for
which he or she serves as a Director or Bank Director for such calendar year.
The 100 shares of Stock shall be distributed under this Plan to each Director
and each Bank Director who satisfies his or her attendance requirement to
receive such shares, and such shares shall be distributed as soon as practicable
after such attendance requirement for a calendar year has been satisfied. Each
Director and each Bank Director as a condition to the distribution of any shares
under this (S) 13 shall be required to agree to hold such shares of Stock for at
least six months and, further, shall be required (if so requested by NCBC) to
agree to hold such shares of Stock for investment and not with a view of resale
or distribution to the public and (if so requested by NCBC) to deliver to NCBC a
written statement satisfactory to NCBC to such effect or to each such effect.

                                     (S) 14.

                             SECURITIES REGISTRATION

   Each Option Agreement and Restricted Stock Agreement shall provide that, upon
the receipt of shares of Stock as a result of the surrender or exercise of an
Option or the satisfaction of the forfeiture conditions under a Restricted Stock
Agreement, the Key Employee shall, if so requested by NCBC, hold such shares of
Stock for investment and not with a view of resale or distribution to the public
and, if so requested by NCBC, shall deliver to NCBC a written statement
satisfactory to NCBC to that effect. As for Stock issued pursuant to this Plan,
NCBC at its expense shall take such action as it deems necessary or appropriate
to register the original issuance of such Stock to a Key Employee or Director or
Bank Director under the Securities Act of 1933, as amended, or under any other
applicable securities laws or to qualify such Stock for an exemption under any
such laws prior to the issuance of such Stock to a Key Employee or Director or
Bank Director; however, NCBC shall have no obligation whatsoever to take any
such action in connection with the transfer, resale or other disposition of such
Stock by a Key Employee or Director or Bank Director.

                                     (S) 15.

                                  LIFE OF PLAN

   No Option or Restricted Stock shall be granted under this Plan and no Stock
shall be purchased under (S) 7.3 or distributed under (S) 13 on or after the
earlier of

   (1) the tenth anniversary of the original effective date of this Plan, in
      which event this Plan otherwise thereafter shall continue in effect until
      all outstanding Options have been

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      surrendered or exercised in full or no longer are exercisable and all
      Restricted Stock granted under this Plan has been forfeited or the
      forfeiture conditions on such Stock have been satisfied in full, or

   (2) the date on which all of the Stock reserved under (S) 3 of this Plan has
      (as a result of the surrender or exercise of Options granted under this
      Plan or purchases under (S) 7.3 or the satisfaction of the forfeiture
      conditions on Restricted Stock or distributions under (S) 13) been issued
      or no longer is available for use under this Plan, in which event this
      Plan also shall terminate on such date.

                                     (S) 16.

                                   ADJUSTMENT

   The number, kind or class (or any combination thereof) of shares of Stock
reserved under (S) 3 of this Plan, the number, kind or class (or any combination
thereof) of shares of Stock underlying Restricted Stock grants under this Plan
and any related grant conditions and forfeiture conditions and the number, kind
or class (or any combination thereof) of shares of Stock subject to Options
granted under this Plan and the Option Price of such Options shall be adjusted
by the Board in an equitable manner to reflect any change in the capitalization
of NCBC, including, but not limited to, such changes as stock dividends or stock
splits. Furthermore, the Board shall have the right to adjust (in a manner which
satisfies the requirements of (S) 424(a) of the Code) the number, kind or class
(or any combination thereof) of shares of Stock reserved under (S) 3 of this
Plan, the number, kind or class (or any combination thereof) of shares of Stock
underlying Restricted Stock grants under this Plan and any related grant
conditions and forfeiture conditions, and the number, kind or class (or any
combination thereof) of shares subject to Options granted under this Plan and
the Option Price of such Options in the event of any corporate transaction
described in (S) 424(a) of the Code which provides for the substitution or
assumption of such Options or Restricted Stock grants in order to take into
account on an equitable basis the effect of such transaction. If any adjustment
under this (S) 16 would create a fractional share of Stock or a right to acquire
a fractional share of Stock, such fractional share shall be disregarded and the
number of shares of Stock reserved under this Plan and the number subject to any
Options or Restricted Stock granted under this Plan shall be the next lower
number of shares of Stock, rounding all fractions downward. An adjustment made
under this (S) 16 by the Board shall be conclusive and binding on all affected
persons and, further, shall not constitute an increase in "the number of shares
reserved under (S) 3" within the meaning of (S) 18(1)(a) of this Plan.

                                     (S) 17.

                        SALE, MERGER OR CHANGE IN CONTROL

   If NCBC agrees to sell all or substantially all of its assets for cash or
property or for a combination of cash and property or agrees to any merger,
consolidation, reorganization, division or other corporate transaction in which
Stock is converted into another security or into the right to receive securities
or property and such agreement does not provide for the assumption or
substitution of all outstanding Options and all Restricted Stock or if there is
a Change in Control of NCBC or a tender or exchange offer is made for Stock
other than by NCBC, the Board shall (1) cancel unilaterally each such Option
granted to a Key Employee (other than an Option described in (S) 17(2)) as of
any date set in advance by the Board in exchange for either (a) the number of
whole shares of Stock (and cash in lieu of a

                                       A-9
<PAGE>

fractional share), if any, which he or she would have received if he or she had
the right to surrender his or her outstanding Option in full under (S) 11 of
this Plan and he or she exercised that right exclusively for Stock (and cash in
lieu of a fractional share of Share) on the date set by the Board, or (b) giving
each Key Employee holding such an Option advance notice of such cancellation
together with the right to exercise his or her Option in full during a
reasonable period (which shall not be less than a 30 day period) immediately
before the effective date of such transaction, (2) cancel unilaterally each
Option for which the Option Price equals or exceeds the Fair Market Value of a
share of Stock on the date set in advance by the Board, and (3) deem the grant
conditions, if any, and forfeiture conditions, if any, on all outstanding
Restricted Stock grants to be completely satisfied on the date set in advance by
the Board.

                                     (S) 18.

                            AMENDMENT OR TERMINATION

   This Plan may be amended by the Board from time to time to the extent that
the Board deems necessary or appropriate; provided, however, no such amendment
shall be made absent the approval of the shareholders of NCBC required under (S)
162(m) of the Code or under (S) 422 of the Code (a) to increase the number of
shares of stock reserved under (S) 3 or (b) to change the class of employees
eligible for Options or Restricted Stock grants under (S) 6.

   The Board also may suspend the granting of Options and Restricted Stock under
this Plan or purchases under (S) 7.3 or elections under (S) 13.1 at any time and
may terminate this Plan at any time; provided, however, the Board shall not have
the right unilaterally to modify, amend or cancel any Restricted Stock grant or
Option granted before such suspension or termination unless (1) the Key Employee
consents in writing to such modification, amendment or cancellation or (2) there
is a dissolution or liquidation of NCBC or a transaction described in (S) 16 or
(S) 17 of this Plan.

                                     (S) 19.

                                  MISCELLANEOUS

  19.1 Shareholder Rights. No Key Employee shall have any rights as a
shareholder of NCBC as a result of the grant of an Option under this Plan or his
or her exercise or surrender of such Option pending the actual delivery of the
Stock subject to such Option to such Key Employee. Subject to (S) 8.4, a Key
Employee's rights as a shareholder in the shares of Stock underlying a
Restricted Stock grant which is effective shall be set forth in the related
Restricted Stock Agreement.

  19.2 No Contract of Employment. The grant of an Option or Restricted Stock to
a Key Employee under this Plan shall not constitute a contract of employment and
shall not confer on a Key Employee any rights upon his or her termination of
employment or service in addition to those rights, if any, expressly set forth
in the Option Agreement which evidences his or her Option or the Restricted
Stock Agreement related to his or her Restricted Stock.

   19.3 Withholding. The exercise or surrender of any Option Plan under this
Plan and the acceptance of a Restricted Stock grant shall constitute a Key
Employee's full and complete consent to whatever action the Committee deems
necessary to satisfy the federal and state tax withholding requirements, if any,
which the Committee in its discretion deems applicable to such exercise or
surrender or such Restricted Stock. The Committee also shall have the right to
provide in an Option

                                      A-10
<PAGE>

Agreement or Restricted Stock Agreement that a Key Employee may elect to satisfy
federal and state tax withholding requirements through a reduction in the number
of shares of Stock actually transferred to him or to her under this Plan, and if
the Employee is subject to the reporting requirements under Section 16 of the
Securities Exchange Act of 1934, as amended, any such election and any such
reduction shall be effected so as to satisfy the conditions to the exemption
under Rule 16b-3.

   19.4 Construction. This Plan shall be construed under the laws of the State
of Tennessee.

   19.5 Other Conditions. Each Option Agreement or Restricted Stock Agreement
may require that a Key Employee (as a condition to the exercise of an Option or
a Restricted Stock grant) enter into any agreement or make such representations
prepared by NCBC, including any agreement which restricts the transfer of Stock
acquired pursuant to the exercise of an Option or Restricted Stock grant or
provides for the repurchase of such Stock by NCBC under certain circumstances.

   IN WITNESS WHEREOF, NCBC has caused its duly authorized officer to execute
this Plan   this day of   , 1997 to evidence its adoption of this Plan.

                                       NATIONAL COMMERCE BANCORPORATION

                                       By:____________________

<PAGE>

                              AMENDMENT NUMBER ONE
                        NATIONAL COMMERCE BANCORPORATION
                    1994 STOCK PLAN, AS AMENDED AND RESTATED
                        EFFECTIVE AS OF NOVEMBER 1, 1996

   The National Commerce Bancorporation 1994 Stock Plan, as amended and restated
effective as of November 1, 1996 is hereby amended as follows:

                                     (S) 1.

   (S) 2.3 Change in Control, hereby is amended as of the effective date of the
Amendment Number One in its entirety to read as follows:

      "Change in Control" shall mean a change in control of NCBC that shall be
      deemed to have occurred if and when, with or without the approval of the
      Board incumbent prior to the occurrence:

         (1) more than 25% of the outstanding securities entitled to vote in an
            election of Directors of NCBC shall be acquired by any person (as
            such term is used in Sections 13(d) and 14(d) of the Securities
            Exchange Act of 1934, as amended); or

         (2) as a result of a tender offer, merger, consolidation, sale of
            assets or contested election, or any combination of such
            transactions, the persons who were Directors of NCBC immediately
            before the transaction shall cease to constitute a majority of the
            Board.

                                     (S) 2.

   (S) 7.1 hereby is amended effective retroactively to July 1, 1998 by adding
the following to the end of (S) 7.1:

      "Finally, the 60,000 and 100,000 share grant caps set forth in this (S)7.1
      shall not apply to an Options granted to an individual not previously
      employed by NCBC to induce the individual to become an employee of NCBC."

                                     (S) 3.

   (S) 10, Nontransferability, hereby is amended as of the effective date of
this Amendment Number One in its entirety to read as follows:

         "(a) ISOs. No Option granted under this Plan which is an ISO and no
         surrender right granted under (S) 11 as part of such Option shall be
         transferable by a Key Employee other than by will or by the laws of
         descent and distribution, and any such Option and any such surrender
         right shall be exercisable during the lifetime of a Key Employee only
         by such Key Employee.

         (b) NQO's and Restricted Stock. No Option granted under this Plan which
         is an NQO and no surrender right granted under (S) 11 as part of such
         Option and no Restricted Stock grant shall be transferable by a Key
         Employee other than by will or by the laws of descent and distribution
         except to the extent expressly provided in the related Option Agreement
         or Restricted Stock Agreement.

         (c) Conditions. A Key Employee's right to effect any transfer under (S)
         10(b) shall be subject to the condition that (1) there is a form on
         which to register the related shares of Stock for issuance and resale
         under the applicable securities laws which is acceptable to NCBC
         (acting in its absolute discretion) or an exemption from such
         registration which is acceptable to NCBC (acting in its absolute
         discretion) and (2) the transfer has no effect whatsoever on the terms
         and conditions to the exercise of the Option or any

                                      -19-
<PAGE>

         related surrender right or on the terms and conditions of any
         Restricted Stock grant."

                                     (S) 4.

         By amending (S) 17, Sale, Merger or Change in Control, as of the
      effective date of this Amendment Number One in its entirety to read as
      follows:

         (S) Sale, Merger or Change in Control

         (a) Effective Date. The rules in this (S) 17 automatically shall apply
         on the earlier of the date that NCBC agrees to a transaction which will
         result in a Change in Control or on the date a tender offer is made
         which could lead to a Change in Control.

         (b) Stock Options and Restricted Stock.

            (1) Any and all conditions to the exercise of each Option which is
            outstanding on the date the rules in this (S) 17 become applicable
            automatically shall be waived on such date and each Key Employee
            shall (subject to (S) 17(b)(3)) have the right on and after such
            date to exercise 100% of the shares of Stock subject to each such
            Option,

            (2) any and all restrictions on each grant of Restricted Stock which
            is outstanding on the date the rules in this (S) 17 become
            applicable automatically shall lapse and shall be of no further
            force or effect on or after such date, and

            (3) the Board shall have the right to cancel each such Option and
            each such Restricted Stock grant after giving each Key Employee a
            reasonable period (which shall not be less than a 30 day period) to
            exercise each such Option in full and to take such other action as
            necessary or appropriate to receive the Stock subject to each such
            Restricted Stock grant.

         (c) ShareNCBC Program.

            (1) The Committee on the date the rules in this (S) 17 become
            applicable shall grant an Option to each Key Employee who on such
            date has satisfied the Stock purchase requirements under the
            ShareNCBC Program as implemented by the Committee pursuant to (S)
            7.3 and who on such date remains eligible for the grant of an Option
            under the terms of the ShareNCBC Program which respect to such
            shares,

            (2) each such Option shall be granted as if the Key Employee as of
            such date in fact had satisfied all of the conditions for the grant
            of an Option under the ShareNCBC Program,

            (3) each such Option shall be granted without any conditions on the
            exercise of such Option, and

            (4) each such Option shall remain 100% exercisable for a reasonable
            period (which shall not be less than a 30 day period) and thereafter
            shall be treated the same as any other Option described in (S) 17(b)
            which was outstanding on the date the rules in this (S) 17 become
            applicable.

   This Amendment Number One shall be effective on the date NCBC's Board of
Directors adopts this Amendment Number One.

                        NATIONAL COMMERCE BANCORPORATION
                        BY: ____________________________

<PAGE>

                                AMENDMENT NO. 2
                        NATIONAL COMMERCE BANCORPORATION
                    1994 STOCK PLAN, AS AMENDED AND RESTATED
                        EFFECTIVE AS OF NOVEMBER 1, 1996
                                       l

The National Commerce Bancorporation 1994 Stock Plan, as amended and restated
effective as of November 1, 1996, as further amended as of July 1, 1998 by
Amendment Number One (collectively, the "Plan"), is hereby further amended as
follows:

1. Section 7.1 of the Plan is hereby amended to read as follows:

   7.1 Committee Action. The Committee acting in its absolute discretion shall
      have the right to grant Options to Key Employees under this Plan from time
      to time to purchaser shares of Stock; provided, however, that (1) no
      grants of ISOs shall be made to Key Employees who are not employed by NCBC
      or a Subsidiary and (2) the number of shares of Stock subject to Options
      granted to a Key Employee during any calendar year shall not exceed
      200,000 shares each calendar year unless the Key Employee is NCBC's Chief
      Executive Officer or Chairman of NCBC's Board of Directors, in which event
      such number shall not exceed 400,000 shares each calendar year. Each grant
      of an Option to a Key Employee shall be evidenced by an Option Agreement,
      and each Option Agreement shall set forth whether the Option is an ISO or
      a NQO and shall set forth such other terms and conditions of such grant as
      the Committee acting in its absolute discretion deems consistent with the
      terms of this Plan. However, if the Committee grants an ISO and a NQO to a
      Key Employee on the same date, the right of the Key Employee to exercise
      or surrender one such Option shall not be conditioned on his or her
      failure to exercise or surrender the other such Option. The Committee
      shall have the right to grant a NQO and Restricted Stock to a key Employee
      at the same time and to condition the exercise of the NQO on the
      forfeiture of the Restricted Stock grant. Finally, the 200,000 and 400,000
      share grant caps set forth in this (S) 7.1 shall not apply to an Option
      granted to an individual not previously employed by NCBC to induce the
      individual to become an employee of NCBC.

   In all other respects, the 1994 Stock Plan, as amended and restated effective
as of November 1, 1996, as further amended by Amendment Number One effective
July 1, 1998, shall remain in full force and effect. This Amendment No. 2 is
effective as of June 29, 2000 after due approval of the shareholders of National
Commerce Bancorporation.

                                NATIONAL COMMERCE
                                BANCORPORATION

                                By:_______________________________<PAGE>

                                                                    Exhibit 4.13

                     NATIONAL COMMERCE FINANCIAL CORPORATION

                                 INVESTMENT PLAN

                            Effective August 1, 2001

<PAGE>
                                                                               .
                                                                               .
                                                                               .

                     NATIONAL COMMERCE FINANCIAL CORPORATION
                                 INVESTMENT PLAN

<TABLE>
<CAPTION>
                                                                      PAGE
                                                                      ----
<S>                                                                   <C>
SECTION 1    DEFINITIONS............................................    2

SECTION 2    ELIGIBILITY............................................   13

SECTION 3    CONTRIBUTIONS..........................................   14

SECTION 4    ALLOCATIONS............................................   16

SECTION 5    INDIVIDUAL FUNDS AND INVESTMENTS OF TRUST ASSETS.......   17

SECTION 6    PLAN LOANS.............................................   20

SECTION 7    WITHDRAWALS DURING EMPLOYMENT..........................   23

SECTION 8    PAYMENT OF BENEFITS ON TERMINATION OF EMPLOYMENT.......   25

SECTION 9    PAYMENT OF BENEFITS OF RETIREMENT......................   30

SECTION 10   DEATH BENEFITS.........................................   31

SECTION 11   GENERAL RULES ON DISTRIBUTIONS.........................   31

SECTION 12   SPECIAL PROVISIONS IN RELATION TO COMPANY STOCK........   34

SECTION 13   ADMINISTRATION OF THE PLAN.............................   37

SECTION 14   CLAIM REVIEW PROCEDURE.................................   39

SECTION 15   INCOMPETENT DISTRIBUTEE AND UNCLAIMED PAYMENTS.........   40

SECTION 16   PROHIBITION AGAINST DIVERSION..........................   42

SECTION 17   LIMITATION OF RIGHTS...................................   42

SECTION 18   AMENDMENT TO OR TERMINATION OF THE PLAN AND THE TRUST..   42

SECTION 19   ADOPTION OF PLAN BY AFFILIATES.........................   44

SECTION 20   QUALIFICATION AND RETURN OF CONTRIBUTIONS..............   44

SECTION 21   SECTION 16 OF SECURITIES EXCHANGE ACT OF 1934..........   45

SECTION 22   INCORPORATION OF SPECIAL LIMITATIONS...................   45

APPENDIX A   LIMITATION ON ALLOCATIONS..............................    1

APPENDIX B   TOP-HEAVY PROVISIONS...................................    1

APPENDIX C   SPECIAL NONDISCRIMINATION RULES........................    1
</TABLE>

<PAGE>

                     NATIONAL COMMERCE FINANCIAL CORPORATION
                                 INVESTMENT PLAN

                                  INTRODUCTION

      National Bank of Commerce maintains the National Bank of Commerce
ESOP/TIRA Plan, pursuant to an amended and restated plan document effective as
of January 1, 2000 (the "NBC ESOP/TIRA Plan"). The NBC ESOP/TIRA Plan was
originally adopted by National Bank of Commerce, Memphis, Tennessee (formerly
National Bank of Commerce of Memphis), effective January 1, 1978. National Bank
of Commerce has assigned the primary sponsorship of the NBC ESOP/TIRA Plan to
its parent corporation, National Commerce Financial Corporation (the "Primary
Sponsor"). The NBC ESOP/TIRA Plan was previously an employee stock ownership
plan ("ESOP"), and the accounts that were formerly in such plan will continue to
be ESOP accounts under the merged plan, as described below.

      CCB Financial Corporation previously maintained the CCB Financial
Corporation Retirement Savings Plan pursuant to an amended and restated plan
document effective as of April 1, 1983, which has been subsequently amended (the
"CCB Savings Plan"). CCB Financial Corporation merged with and into the Primary
Sponsor and by virtue of such merger, the Primary Sponsor is the primary sponsor
of the CCB Savings Plan. In 2000, the American Federal Bank, FSB Retirement
Savings Plan (the "American Federal Plan") was merged into the CCB Savings Plan.
The CCB Savings Plan retained former ESOP accounts from the merged American
Federal Plan that are subject to share accounting.

      First Mercantile Trust is a wholly owned subsidiary of the National Bank
of Commerce, and maintains the First Mercantile Trust Profit Sharing Plan
pursuant to an amended and restated plan document effective as of June 1, 1989,
which has been subsequently amended (the "FMT PS Plan").

      The Primary Sponsor wishes to merge the NBC ESOP/TIRA Plan, the CCB
Savings Plan, and the FMT PS Plan, and to rename the resulting plan as the
"National Commerce Financial Corporation Investment Plan" (the "Plan"),
effective generally August 1, 2001 (the "Effective Date") and to make such other
changes as may be required by law, rulings and regulations, effective as of such
earlier date as may be necessary to comply with such law, rulings and
regulations. The provisions of this document shall apply only with respect to
participants who perform an Hour of Service (as defined in the Plan) after
August 1, 2001, except to the extent the provisions are required to apply at
another date or to any other participants to comply with applicable law.

      This merged and restated Plan is intended to be, in part, a profit sharing
plan within the meaning of Treasury Regulations Section 1.401-1(b)(1)(ii) and
also contains a cash or deferred arrangement as described in Section 401(k) of
the Internal Revenue Code of 1986 (the "Code"). Furthermore, the Plan is
intended to constitute, in part, an employee stock ownership plan under Code
Section 4975(e)(7) to the extent outlined below.

<PAGE>

      Concurrent with the merger of the Merged Plans into the Plan, the Plan
assumes all assets of the Merger Plans ("Merger Assets") and all obligations and
liabilities for benefits to the participants under the Merged Plans.

      This merged and restated Plan is intended to bring all of the Merged Plans
into compliance with the requirements of the Uruguay Round Agreements Act (also
known as the General Agreement on Tariffs and Trade) ("GATT"), the Uniformed
Services Employment and Reemployment Rights Act of 1994 ("USERRA"), the Small
Business Job Protection Act of 1986 ("SBJPA"), the Taxpayer Relief Act of 1997
("TRA'97"), and the Internal Revenue Service Restructuring and Reform Act of
1998 ("RRA'98"), collectively known as "GUST," within the remedial amendment
period under Code Section 401(b).

                                    SECTION 1
                                   DEFINITIONS

      Wherever used herein, the masculine pronoun shall be deemed to include the
feminine, and the singular to include the plural, unless the context clearly
indicates otherwise and the following words and phrases shall, when used herein,
have the meanings set forth below:

      1.1 "Account" means a Participant's aggregate balance in the following
accounts (any of which may have subaccounts, as authorized by the Plan
Administrator), as adjusted pursuant to the Plan as of any given date:

            (a) "Before-Tax Account" which shall reflect a Participant's
      interest in contributions made by a Plan Sponsor under Plan Section 3. 1.
      This Account will also include funds that were formerly part of the NBC
      ESOP/TIRA Plan that were previously merged into that plan and accounted
      for as the Employee Deferral Merger Subaccounts.

            (b) "Matching Account" which shall reflect a Participant's interest
      in matching contributions made by a Plan Sponsor under Plan Section 3.2.

            (c) "Frozen Matching Account" which shall reflect a Participant's
      100% vested interest in matching contributions made by a Merged Plan.

            (d) "After-Tax Account" which shall reflect a Participant's interest
      in After-Tax Contributions made by a Participant to the Fund pursuant to
      Plan Section 3.3.

            (e) "Rollover Account" which shall reflect a Participant's interest
      in Rollover Amounts.

            (f) "Profit Sharing Account" which shall reflect a Participant's
      interest in a profit sharing or merged plan account merged into this Plan
      from a Merged Plan.

            (g) "Former ESOP Account" which shall reflect a Participant's
      interest that (i) accumulated in a plan that was merged into this Plan
      during the period in which such

                                       2
<PAGE>

      other plan was an employee stock ownership plan ("ESOP"); and (ii) which
      is no longer considered to be part of an ESOP. In particular, as of the
      Effective Date, the Former ESOP Account shall reflect the portion of the
      Participant's Account which is attributable to non-stock investments, as
      well as the full and fractional shares, if any, of Company Stock
      originally purchased in the American Federal Plan prior to the merger of
      such plan into the CCB Savings Plan (and the subsequent merger of such
      plan into this Plan) and the elimination of the ESOP feature of such plan.

            (h) "ESOP Account" which shall reflect a Participant's interest in
      the employee stock ownership portion of the Plan. As of the Effective
      Date, the ESOP Account shall include a Participant's interest in the
      portion of the NBC ESOP/TIRA Plan (which was merged into the Plan on
      August 1, 2001) that was an ESOP, including the ESOP amounts that were
      merged into the NBC ESOP/TIRA Plan and accounted for as the Employer
      Merger Subaccount in that plan. The ESOP Account shall consist of an NBC
      ESOP Diversification Subaccount (containing all investments in the ESOP
      Account that are in Individual Funds that do not include Company Stock),
      and the portion of the Participant's ESOP Account that is invested in
      Company Stock funds.

            (i) "Former Qualified Nonelective Contribution Account" which shall
      reflect a Participant's interest in a qualified nonelective contribution
      account maintained under the American Federal Plan, which was merged into
      this Plan. The funds in the Former Qualified Nonelective Contribution
      Account shall be 100% vested at all times, and shall be subject to the
      distribution limitations outlined in Code Section 401(k)(2)(B) and the
      regulations thereunder.

In addition, the Plan Administrator shall allocate the interest of a Participant
in any funds transferred to the Plan in a trust-to-trust transfer (other than
Rollover Amounts) or pursuant to the merger of another tax-qualified retirement
plan with the Plan (including the merger of the Merged Plans as of the Effective
Date) among the above accounts as the Plan Administrator determines best
reflects the interest of the Participant.

      1.2 "Affiliate" means (a) any corporation which is a member of the same
controlled group of corporations (within the meaning of Code Section 414(b)) as
is a Plan Sponsor, (b) any other trade or business (whether or not incorporated)
under common control (within the meaning of Code Section 414(c)) with a Plan
Sponsor, (c) any other corporation, partnership or other organization which is a
member of an affiliated service group (within the meaning of Code Section
414(m)) with a Plan Sponsor, and (d) any other entity required to be aggregated
with a Plan Sponsor pursuant to regulations under Code Section 414(o).
Notwithstanding the foregoing, for purposes of applying the limitations set
forth in Appendix A and for purposes of determining Annual Compensation under
Appendix A, the references to Code Sections 414(b) and (c) above shall be as
modified by Code Section 415(h).

      1.3 "After-Tax Contribution" means a non-deductible contribution to the
Fund made by the Participant pursuant to Section 3.3.

                                       3
<PAGE>

      1.4 "Annual Compensation" means wages within the meaning of Code Section
3401(a) (for purposes of income tax withholding at the source) paid to an
Employee by a Plan Sponsor and Affiliates during a Plan Year (but without regard
to any rules that limit the remuneration included in wages based on the nature
or location of the employment or the services performed, such as the exception
for agricultural labor in Code Section 3401(a)(2)), to the extent not in excess
of the Annual Compensation Limit for all purposes under the Plan except for
purposes of determining who are Highly Compensated Employees. Notwithstanding
the above, Annual Compensation shall be determined as follows:

            (a) (1) for purposes of determining, with respect to each Plan
            Sponsor, the amount of contributions made by or on behalf of an
            Employee under Plan Section 3 and allocations under Plan Section 4,
            and

                (2) for purposes of applying the provisions of Appendix C hereto
            for such Plan Years as the Secretary of the Treasury may allow,
            Annual Compensation shall only include amounts received for the
            portion of the Plan Year during which the Employee was a
            Participant.

            (b) In determining the amount of contributions under Plan Section 3
      and allocations under Plan Section 4 made by or on behalf of an Employee,
      Annual Compensation shall not include reimbursements or other expense
      allowances, taxable fringe benefits, amounts realized from the exercise of
      non-qualified stock options or when restricted stock (or property) held by
      an employee either becomes freely transferable or is no longer subject to
      a substantial risk of forfeiture, moving expense allowances, deferred
      compensation and welfare benefits.

            (c) For all purposes under the Plan, except as provided in
      Subsection (d) of this Section, Annual Compensation shall include any
      amount which would have been paid during a Plan Year, but was contributed
      by a Plan Sponsor on behalf of an Employee pursuant to a salary reduction
      agreement which is not includable in the gross income of the Employee
      under Section 125, 402(g)(3), or 457 of the Code, or, for Plan Years
      beginning on or after January 1, 2001, Section 132(f) of the Code..

            (d) Effective until December 31, 1997, for purposes of applying the
      annual addition limits in Appendix A, Annual Compensation shall not
      include the amounts described in Subsection (c).

      1.5 "Annual Compensation Limit" means $170,000 ($160,000 for Plan Years
1997 through 1999), which amount may be adjusted for each subsequent Plan Year
based on changes in the cost of living as announced by the Secretary of the
Treasury.

      1.6 "Before-Tax Contribution" means a contribution of a Plan Sponsor on
behalf of a Participant pursuant to Plan Section 3.1.

      1.7 "Beneficiary" means the person or trust that a Participant designated
most recently in writing to the Plan Administrator; provided, however, that if
the Participant has failed

                                       4
<PAGE>

to make a designation, no person designated is alive, no trust has been
established, or no successor Beneficiary has been designated who is alive, the
term "Beneficiary" means (a) the Participant's spouse or (b) if no spouse is
alive, the deceased Participant's estate. Notwithstanding the preceding
sentence, the spouse of a married Participant shall be his Beneficiary unless
that spouse has consented in writing to the designation by the Participant of
some other person or trust and the spouse's consent acknowledges the effect of
the designation and is witnessed by a notary public or a Plan representative. A
Participant may change his designation at any time. However, a Participant may
not change his designation without further consent of his spouse under the terms
of the preceding sentence unless the spouse's consent permits designation of
another person or trust without further spousal consent and acknowledges that
the spouse has the right to limit consent to a specific beneficiary and that the
spouse voluntarily relinquishes this right. Notwithstanding the above, the
spouse's consent shall not be required if the Participant establishes to the
satisfaction of the Plan Administrator that the spouse cannot be located, if the
Participant has a court order indicating that he is legally separated or has
been abandoned (within the meaning of local law) unless a "qualified domestic
relations order" (as defined in Code Section 414(p)) provides otherwise, or if
there are other circumstances as the Secretary of the Treasury prescribes. If
the spouse is legally incompetent to give consent, consent by the spouse's legal
guardian shall be deemed to be consent by the spouse. If, subsequent to the
death of a Participant, the Participant's Beneficiary dies while entitled to
receive benefits under the Plan, the successor Beneficiary, if any, or the
Beneficiary listed under Subsection (a) or, if no spouse is alive, Subsection
(b) shall be the Beneficiary.

      1.8 "Board of Directors" means the Board of Directors of the Primary
Sponsor.

      1.9 "Break in Service" means the failure of an Employee, in connection
with a termination of employment other than by reason of death or attainment of
a Retirement Date, to complete more than 500 Hours of Service in any Plan Year.

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

      1.11 "Company Stock" means qualifying employer securities within the
meaning of Code Section 4978(e)(5) which are:

            (a) shares of common stock issued by the Primary Sponsor or a
      corporation which is a member of a controlled group of corporations that
      includes the Primary Sponsor (within the meaning of Code Section 1563(a),
      determined without regard to Code Sections 1563(a)(4) and (e)(3)(C)),
      which are readily tradable on an established securities market or, if
      there is no such common stock, shares of common stock issued by the
      Primary Sponsor or a corporation that is a member of a controlled group of
      corporations that includes the Primary Sponsor (within the meaning of Code
      Section 1563(a), determined without regard to Code Sections 1563(a)(4) and
      (e)(3)(C), which have voting power and dividend rights no less favorable
      than the voting power and dividend rights of any other common stock issued
      by the Primary Sponsor or the other corporation; or

                                       5
<PAGE>

            (b) shares of noncallable preferred stock issued by the Primary
      Sponsor, which are at all times immediately convertible into stock
      described in (a) above at a reasonable conversion price.

      1.12 "Direct Rollover" means a payment by the Plan to the Eligible
Retirement Plan specified by the Distributee.

      1.13 "Disability" means a disability of a Participant within the meaning
of Code Section 72(m)(7), to the extent that the Participant is, or would be,
entitled to disability retirement benefits under the federal Social Security Act
or to the extent that the Participant is entitled to recover benefits under any
long term disability plan or policy maintained by the Plan Sponsor. The
determination of whether or not a Disability exists shall be determined by the
Plan Administrator and shall be substantiated by competent medical evidence.

      1.14 "Distributee" means an Employee or former Employee. In addition, the
Employee's or former Employee's surviving spouse and the Employee's or former
Employee's spouse or former spouse who is the alternate payee under a qualified
domestic relations order (as defined in Code Section 414(p)), are Distributees
with regard to the interest of the spouse or former spouse.

      1.15 "Elective Deferrals" means, with respect to any taxable year of the
Participant, the sum of

            (a) any Before-Tax Contributions;

            (b) any contributions made by or on behalf of a Participant under
      any other qualified cash or deferred arrangement as defined in Code
      Section 401(k), whether or not maintained by a Plan Sponsor, to the extent
      such contributions are not or would not, but for Code Section 402(g)(1),
      be included in the Participant's gross income for the taxable year; and

            (c) any other contributions made by or on behalf of a Participant
      pursuant to Code Section 402(g)(3).

      1.16 "Eligibility Service" means

            (a) a six-consecutive-month period during which the Employee
      completes no less than 500 Hours of Service beginning on the date on which
      the Employee first performs an Hour of Service upon his employment or
      reemployment with the Plan Sponsor. If the Employee fails to complete 500
      Hours of Service in that six-consecutive-month period, Eligibility Service
      shall be any six-consecutive-month period thereafter during which the
      Employee completes no less than 500 Hours of Service, including the
      six-consecutive-month period which begins on the one month anniversary of
      the date the Employee first performed an Hour of Service upon his
      employment or reemployment.

                                       6
<PAGE>

            (b) Eligibility Service shall include an Employee's service and
      Hours of Service with all companies for which service was recognized under
      a Merged Plan.

      1.17 "Eligible Employee" means any Employee of a Plan Sponsor other than
an Employee who is (a) covered by a collective bargaining agreement between a
union and a Plan Sponsor, provided that retirement benefits were the subject of
good faith bargaining, unless the collective bargaining agreement provides for
participation in the Plan, (b) a leased employee within the meaning of Code
Section 414(n)(2) or, (c) deemed to be an Employee of a Plan Sponsor pursuant to
regulations under Code Section 414(o). In addition, no person who is initially
classified by a Plan Sponsor as an independent contractor for federal income tax
purposes shall be regarded as an Eligible Employee for that period, regardless
of any subsequent determination that any such person should have been
characterized as a common law employee of the Plan Sponsor for the period in
question.

      1.18 "Eligible Retirement Plan" means an individual retirement account
described in Code Section 408(a), an individual retirement annuity described in
Code Section 408(b), an annuity plan described in Code Section 403(a) or a
qualified trust described in Code Section 401(a) that accepts the Distributee's
Eligible Rollover Distribution. However, in the case of an Eligible Rollover
Distribution to the surviving spouse, an Eligible Retirement Plan is an
individual retirement account or individual retirement annuity.

      1.19 "Eligible Rollover Distribution" means any distribution of all or any
portion of the Distributee's Account, except that an Eligible Rollover
Distribution does not include: any distribution that is one of a series of
substantially equal periodic payments (not less frequently than annually) made
for the life (or life expectancy) of the Distributee or the joint lives (or
joint life expectancies) of the Distributee and the Distributee's designated
Beneficiary, or for a specified period of ten years or more; any distribution to
the extent such distribution is required under Code Section 401(a)(9); the
portion of any distribution that is not includable in gross income (determined
without regard to the exclusion for net unrealized appreciation with respect to
employer securities); and any distribution of amounts described in Treasury
Regulations Section 1.401(k)-1(d)(2)(ii).

      1.20 "Employee" means any person who is (a) a common law employee of a
Plan Sponsor or an Affiliate, (b) a leased employee within the meaning of Code
Section 414(n)(2) with respect to a Plan Sponsor, or (c) deemed to be an
employee of a Plan Sponsor pursuant to regulations under Code Section 414(o).

      1.21 "Entry Date" means the first day of each calendar month.

      1.22 "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended.

      1.23 "Fair Market Value of Company Stock" means:

            (a) if the Company Stock is not Publicly Traded, the value as
      determined by an Independent Appraiser; or

                                       7
<PAGE>

            (b) if the Company Stock is Publicly Traded, the price most recently
      bid or asked, as appropriate, or paid for Company Stock listed on any
      exchange, quoted through a national securities exchange or association,
      traded in the over-the-counter market or reported by any other commercial
      service.

      1.24 "Fiduciary" means each Named Fiduciary and any other person who
exercises or has any discretionary authority or control regarding management or
administration of the Plan, any other person who renders investment advice for a
fee or has any authority or responsibility to do so with respect to any assets
of the Plan, or any other person who exercises or has any authority or control
respecting management or disposition of assets of the Plan.

      1.25 "Fund" means the amount at any given time of cash and other property
held by the Trustee pursuant to the Plan.

      1.26 "Highly Compensated Employee" means, with respect to a Plan Year,
each Employee who:

            (a) was at any time during the Plan Year or the immediately
      preceding Plan Year an owner of more than five percent (5%) of the
      outstanding stock of a Plan Sponsor or Affiliate or more than five percent
      (5%) of the total combined voting power of all stock of a Plan Sponsor or
      Affiliate; or

            (b) received Annual Compensation in excess of $85,000 during the
      immediately preceding Plan Year, which amount shall be adjusted for
      changes in the cost of living as provided in regulations issued by the
      Secretary of the Treasury.

            (c) is a former Employee who met the requirements of Subsection (a)
      or (b) at the time the former Employee separated from service with the
      Plan Sponsor or an Affiliate or at any time after the former Employee
      attained age 55.

      1.27 "Hour of Service" means:

            (a) Each hour for which an Employee is paid, or entitled to payment,
      for the performance of duties for a Plan Sponsor or any Affiliate during
      the applicable computation period, and such hours shall be credited to the
      computation period in which the duties are performed;

            (b) Each hour for which an Employee is paid, or entitled to payment,
      by a Plan Sponsor or any Affiliate on account of a period of time during
      which no duties are performed (irrespective of whether the employment
      relationship has terminated) due to vacation, holiday, illness, incapacity
      (including disability), layoff, jury duty, military duty or leave of
      absence;

            (c) Each hour for which back pay, irrespective of mitigation of
      damages, is either awarded or agreed to by a Plan Sponsor or any
      Affiliate, and such hours shall be

                                       8
<PAGE>

      credited to the computation period or periods to which the award or
      agreement for back pay pertains rather than to the computation period in
      which the award, agreement or payment is made; provided, that the
      crediting of Hours of Service for back pay awarded or agreed to with
      respect to periods described in Subsection (b) of this Section shall be
      subject to the limitations set forth in Subsection (f);

            (d) Solely for purposes of determining whether a Break in Service
      has occurred, each hour during any period that the Employee is absent from
      work (1) by reason of the pregnancy of the Employee, (2) by reason of the
      birth of a child of the Employee, (3) by reason of the placement of a
      child with the Employee in connection with the adoption of the child by
      the Employee, or (4) for purposes of caring for such child for a period
      immediately following its birth or placement shall be credited (A) only in
      the computation period in which the absence from work begins, if the
      Employee would be prevented from incurring a Break in Service in that year
      solely because of that credit, or (B), in any other case, in the next
      following computation period;

            (e) Without duplication of the Hours of Service counted pursuant to
      Subsection (d) hereof and solely for such purposes as required pursuant to
      the Family and Medical Leave Act of 1993 and the regulations thereunder
      (the "FMLA"), each hour (as determined pursuant to the FMLA) for which an
      Employee is granted leave under the FMLA (1) for the birth of a child, (2)
      for placement with the Employee of a child for adoption or foster care,
      (3) to care for the Employee's spouse, child or parent with a serious
      health condition, or (4) for a serious health condition that makes the
      Employee unable to perform the functions of the Employee's job;

            (f) The Plan Administrator shall credit Hours of Service in
      accordance with the provisions of Section 2530.200b-2(b) and (c) of the
      U.S. Department of Labor Regulations or such other federal regulations as
      may from time to time be applicable and determine Hours of Service from
      the employment records of a Plan Sponsor or in any other manner consistent
      with regulations promulgated by the Secretary of Labor, and shall construe
      any ambiguities in favor of crediting Employees with Hours of Service.
      Notwithstanding any other provision of this Section, in no event shall an
      Employee be credited with more than 501 Hours of Service during any single
      continuous period during which he performs no duties for the Plan Sponsor
      or Affiliate; and

            (g) In the event that a Plan Sponsor or an Affiliate acquires
      substantially all of the assets of another corporation or entity or a
      controlling interest of the stock of another corporation or merges with
      another corporation or entity and is the surviving entity, then service of
      an Employee who was employed by the prior corporation or entity and who is
      employed by the Plan Sponsor or an Affiliate at the time of the
      acquisition or merger shall be counted in the manner provided, with the
      consent of the Primary Sponsor, in resolutions adopted by the Plan Sponsor
      which authorizes the counting of such service.

      1.28 "Independent Appraiser" means an individual meeting requirements
similar to those contained in Treasury regulations under Code Section 170(a)(1)
who holds himself out to the public as an appraiser, who is qualified to make an
appraisal of Company Stock, who

                                       9
<PAGE>

understands that a false or fraudulent overstatement of the value of Company
Stock may subject him to a civil penalty under Code Section 6701, and who is
not:

            (a) the seller of Company Stock;

            (b) a Plan Sponsor or an Affiliate;

            (c) any person employed by or related to (within the meaning of Code
      Section 267(b)) the persons described in Subsections (a) or (b) above;

            (d) a party to the transaction by which the person selling or
      contributing any Company Stock to the Plan acquired the Company Stock
      (unless the Company Stock is sold or contributed to the Plan within two
      months of its acquisition or its appraised price does not exceed its
      acquisition cost); or

            (e) any person whose relationship with a person described in
      Subsections (a), (b), (c), or (d) above is such that a reasonable person
      would question the independence of the appraiser.

      1.29 "Individual Fund" means individual subfunds of the Fund as may be
established by the Plan Administrator from time to time for the investment of
the Fund. One or more of the Individual Funds may be Company Stock funds,
designed to invest in Company Stock, as described in Article V.

      1.30 "Investment Committee" means a committee, which may be established to
direct the Trustee with respect to investments of the Fund.

      1.31 "Investment Manager" means a Fiduciary, other than the Trustee, the
Plan Administrator, or a Plan Sponsor, who may be appointed by the Primary
Sponsor:

            (a) who has the power to manage, acquire, or dispose of any assets
      of the Fund or a portion thereof; and

            (b) who

                  (1) is registered as an investment adviser under the
            Investment Advisers Act of 1940;

                  (2) is a bank as defined in the Investment Advisers Act of
            1940; or

                  (3) is an insurance company qualified to perform services
            described in Subsection (a) above under the laws of more than one
            state; and

            (c) who has acknowledged in writing that he is a Fiduciary with
      respect to the Plan.

                                       10
<PAGE>

      1.32 "Merged Plan" means any or all of the plans that were merged into
this Plan as of August 1, 2001: CCB Financial Corporation Retirement Savings
Plan, National Bank of Commerce ESOP/TIRA Plan; and the First Mercantile Profit
Sharing Plan.

      1.33 "Named Fiduciary" means only the following:

            (a) the Plan Administrator;

            (b) the Trustee;

            (c) the Investment Committee; and

            (d) the Investment Manager.

      1.34 "Normal Retirement Age" means age 65.

      1.35 "Participant" means any Employee or former Employee who has become a
participant in the Plan for so long as his vested Account has not been fully
distributed pursuant to the Plan.

      1.36 "Plan Administrator" means the organization or person designated to
administer the Plan by the Primary Sponsor and, in lieu of any such designation,
means the Primary Sponsor.

      1.37 "Plan Sponsor" means individually the Primary Sponsor. In addition,
National Bank of Commerce; Central Carolina Bank and Trust Company; CCB
Investment and Insurance Service Corporation; Salem Trust Company; First
Mercantile Trust Company; National Commerce Bank Services, Inc.; NBC Bank, FSB
(Memphis); Commerce Capital Management, Inc.; Monroe Properties, Inc.;
Transplatinum Service Corporation; Prime Financial Services, Inc.; FleetOne,
LLC; USI Alliance Corporation; NBC Insurance Services, Inc.; NBC Capital Markets
Group; and NBC Financial Corporation are participating Plan Sponsors in the Plan
as of August 1, 2001. Any other corporation, association, joint venture,
proprietorship, partnership or other business organization may, in the future,
adopt the Plan on behalf of all or certain of its Employees by formal action on
its part in the manner described in Section 19 hereof provided that the Primary
Sponsor, by formal action on its part in the manner described in Section 19
hereof, and the Plan Administrator both approve such participation.

      1.38 "Plan Year" means the calendar year.

      1.39 "Publicly Traded" means listed on a national securities exchange
registered under Section 6 of the Securities Exchange Act of 1934 (15 U.S.C.
78f) or quoted on a system sponsored by a national securities association
registered under Section 15A(b) of the Securities Exchange Act of 1934 (15
U.S.C. 78o).

      1.40 "Put and First Refusal Rights" means the rights described in Plan
Section 12.3.

                                       11
<PAGE>

      1.41 "Retirement Date" means the date on which the Participant terminates
employment on or after (a) attaining Normal Retirement Age or (b) becoming
subject to a Disability.

      1.42 "Rollover Amount" means any amount transferred to the Fund by a
Participant, which amount qualifies as an Eligible Rollover Distribution under
Code Section 402(c)(4), or for rollover treatment under Code Sections 403(a)(4)
or 408(d)(3)(A)(ii), and any regulations issued thereunder.

      1.43 "Termination Completion Date" means the last day of the fifth
consecutive Break in Service computation period, determined under the Plan
Section that defines Break in Service, in which a Participant completes a Break
in Service.

      1.44 "Termination of Employment" means the termination of employment of an
Employee from all Plan Sponsors and Affiliates for any reason other than death
or attainment of a Retirement Date. Any absence from active employment of the
Plan Sponsor and Affiliates by reason of an approved leave of absence shall not
be deemed for any purpose under the Plan to be a Termination of Employment.
Transfer from an Employee from one Plan Sponsor to another Plan Sponsor or to an
Affiliate shall not be deemed for any purpose under the Plan to be a Termination
of Employment. In addition, transfer of an Employee to another employer in
connection with a corporate transaction involving a sale of assets, merger or
sale of stock, shall not be deemed to be a Termination of Employment, for
purposes of the timing of distributions under Plan Section 8.1, if the employer
to which such Employee is transferred agrees with the Plan Sponsor to accept a
transfer of assets from the Plan to its tax-qualified plan in a trust-to-trust
transfer meeting the requirements of Code Section 414(l). If the employer to
which such Employee is transferred does not agree to accept a transfer of assets
from the Plan to its tax-qualified Plan, Plan Section 8.6 is applicable in the
event that such Termination of Employment is not a distributable event under
Code Section 401(k)(10)(A).

      1.45 "Trust" means the trust established under an agreement between the
Primary Sponsor and the Trustee to hold the Fund or any successor agreement.

      1.46 "Trustee" means the trustee under the Trust.

      1.47 "Valuation Date" means each regular business day or any other day
which the Plan Administrator declares to be a Valuation Date.

      1.48 "Vesting Service" means:

            (a) each Plan Year during which an Employee has completed no less
      than 1,000 Hours of Service.

            (b) Vesting Service shall include all service with all companies for
      which service was recognized under a Merged Plan.

                                       12
<PAGE>

            (c) Notwithstanding anything contained herein to the contrary,
      Vesting Service shall not include:

                  (1) In the case of an Employee who completes five consecutive
            Breaks in Service for purposes of determining the vested portion of
            his Account derived from Plan Sponsor contributions which accrued
            before his Termination Completion Date, all service in Plan Years
            after his Termination Completion Date.

                  (2) In the case of an Employee who completes five consecutive
            Breaks in Service and at that time does not have any vested right in
            Plan Sponsor contributions, all service before those Breaks in
            Service commenced.

                                    SECTION 2
                                   ELIGIBILITY

      2.1 Each Eligible Employee shall become a Participant as of the Entry Date
coinciding with or next following the date he completes his Eligibility Service.

      2.2 Each Eligible Employee who was an employee of National Bank of
Commerce on July 31, 2001 shall be eligible to enter the Plan on the first Entry
Date following the date on which he first performs one Hour of Service,
regardless of whether he has completed his Eligibility Service as of such date.

      2.3 Each Employee who was a Participant in a Merged Plan on July 31, 2001
shall become a Participant in this Plan as of August 1, 2001.

      2.4 Each former Participant of this Plan or a Merged Plan who is
reemployed by a Plan Sponsor shall become a Participant as of the date of his
reemployment as an Eligible Employee.

      2.5 Each former Employee who completes his Eligibility Service but
terminates employment with a Plan Sponsor before becoming a Participant shall
become a Participant as of the latest of the date he (a) is reemployed, (b)
would have become a Participant if he had not incurred a Termination of
Employment, or (c) becomes an Eligible Employee.

      2.6 Solely for the purpose of contributing a Rollover Amount to the Plan,
an Eligible Employee who has not yet become a Participant pursuant to any other
provision of this Section 2 shall become a Participant as of the date on which
the Rollover Amount is contributed to the Plan.

                                       13
<PAGE>

                                    SECTION 3
                                  CONTRIBUTIONS

      3.1   (a) Before-Tax Contributions.

                  (1) The Plan Sponsor shall make a contribution to the Fund on
            behalf of each Participant who is an Eligible Employee and has
            elected to defer a portion of Annual Compensation otherwise payable
            to him for the Plan Year and to have such portion contributed to the
            Fund. The contribution made by a Plan Sponsor on behalf of a
            Participant under this Section 3.1 shall be in an amount equal to
            the amount specified in the Participant's deferral agreement under
            subparagraph (2) below, but not greater than seventeen percent (17%)
            of the Participant's Annual Compensation. Pursuant to Section 4 of
            Appendix C, the Plan Administrator may restrict the amount that
            Highly Compensated Employees may defer under this Section 3.1.
            Effective as of January 1, 2002, the above seventeen percent (17%)
            limitation shall be increased to twenty percent (20%) of the
            Participant's Annual Compensation.

                  (2) The election must be made before the Annual Compensation
            is payable and may only be made pursuant to an agreement between the
            Participant and the Plan Sponsor which shall be in such form and
            subject to such rules and limitations as the Plan Administrator may
            prescribe and shall specify a whole percentage of Annual
            Compensation that the Participant desires to defer and to have
            contributed to the Fund.

                  (3) Once a Participant has made an election for a Plan Year,
            the Participant may revoke or modify his election to increase or
            reduce the rate of future deferrals, as provided in the
            administrative procedures provided by the Plan Administrator.

            (b) Limits on Before-Tax Contributions.

                  (1) Elective Deferrals shall in no event exceed $10,500 (for
            2001) in any one taxable year of the Participant, which amount shall
            be adjusted for changes as provided in Code Section 402(g) or for
            changes in the cost of living as provided by the Secretary of the
            Treasury.

                  (2) In the event the amount of Elective Deferrals exceeds
            $10,500 (for 2001) as adjusted, in any one taxable year then, not
            later than the immediately following March 1, the Participant may
            designate to the Plan the portion of the Participant's Before-Tax
            Contribution which consists of excess Elective Deferrals. Not later
            than the immediately following April 15, the Plan may then
            distribute the amount designated to it, as adjusted to reflect
            income, gain, or loss attributable to it through the end of the Plan
            Year, and reduced by any "Excess Before-Tax Contributions," as
            defined in Appendix C hereto, previously distributed or
            recharacterized with respect to the Participant for the Plan Year

                                       14
<PAGE>

            beginning with or within that taxable year. The payment of the
            excess Elective Deferrals, as adjusted and reduced, from the Plan
            shall be made to the Participant without regard to any other
            provision in the Plan.

                  (3) In the event that a Participant's Elective Deferrals
            exceed $10,500, as adjusted, in any one taxable year under the Plan
            and other plans of the Plan Sponsor and its Affiliates, the
            Participant shall be deemed to have designated for distribution
            under the Plan the amount of excess Elective Deferrals, as adjusted
            and reduced, by taking into account only Elective Deferral amounts
            under the Plan and other plans of the Plan Sponsor and its
            Affiliates.

      3.2 Matching Contributions. The Plan Sponsor proposes to make
contributions to the Fund with respect to each payroll period on behalf of each
Participant who is an Eligible Employee in an amount equal to fifty percent
(50%) of the Participant's Annual Compensation deferred by the Participant
pursuant to Plan Section 3.1 for such payroll period, to the extent the
contribution under Plan Section 3.1 does not exceed six percent (6%) of his
Annual Compensation payable with respect to such payroll period.

      3.3 After-Tax Contributions. Subject to such rules and limitations as the
Plan Administrator may from time to time prescribe, each Participant who is an
Eligible Employee may contribute as an After-Tax Contribution to the Fund an
amount equal to a whole percentage of his Annual Compensation not in excess of
seventeen percent (17%) of the Participant's Annual Compensation for the Plan
Year, less the amount elected by the Participant to be contributed as a
Before-Tax Contribution under Section 3.1(a) above. After-Tax Contributions
shall be made to the Fund through regular payroll deductions or in such other
manner as shall be agreed upon by each Participant and the Plan Administrator.
The Plan Administrator may, at any time, suspend the making of any further
After-Tax Contributions.

      3.4 Except with regard to forfeitures described in Section 4.2 below,
forfeitures shall be used to reduce Plan Sponsor contributions and not to
increase benefits.

      3.5 Any Eligible Employee may, with the consent of the Plan Administrator
and subject to such rules and conditions as the Plan Administrator may
prescribe, transfer a Rollover Amount to the Fund; provided, however, that the
Plan Administrator shall not administer this provision in a manner which is
discriminatory in favor of Highly Compensated Employees.

      3.6 Contributions may be made only in cash or other property that is
acceptable to the Trustee. In no event will the sum of contributions under Plan
Sections 3.1 and 3.2 exceed the deductible limits under Code Section 404.

      3.7 Effective December 12, 1994, notwithstanding any provision of the Plan
to the contrary, contributions, benefits and service credit with respect to
qualified military service will be provided in accordance with Section 414(u) of
the Code.

      3.8 Notwithstanding any provision of the Plan to the contrary, the Plan
Sponsor may make corrective distributions or allocations as required to comply
with (a) any program provided

                                       15
<PAGE>

pursuant to Revenue Procedure 2001-17 (or its successor), or such successor
program established by the Internal Revenue Service or the Secretary of the
Treasury, or (b) the Voluntary Fiduciary Correction Program described in 65 FR
14164 or such successor program or procedure established by the Pension and
Welfare Benefits Administration or the Secretary of Labor.

                                    SECTION 4
                                   ALLOCATIONS

      4.1 As soon as reasonably practicable following the date of withholding by
the Plan Sponsor, if applicable, and receipt by the Trustee, Plan Sponsor
contributions made on behalf of each Participant under Plan Sections 3.1 and
3.2, and After-Tax Contributions and Rollover Amounts contributed by the
Participant, shall be allocated to the Before-Tax Account, Matching Account,
After-Tax Account and Rollover Account, respectively, of the Participant on
behalf of whom the contributions were made.

      4.2 Any forfeitures in existence in the National Bank of Commerce
ESOP/TIRA Plan on July 31, 2001, that were attributable to Supplemental
Contribution Accounts under such plan and due to be allocated in that plan among
eligible participants as of December 31, 2001, shall not be used to reduce Plan
Sponsor contributions as outlined in Section 3.4 above, but shall be reallocated
as of December 31, 2001 among the Profit Sharing Accounts of the Participants
who would have shared in such forfeiture allocations as of December 31, 2001 had
the plan not merged with this Plan, and who completed 1,000 Hours of Service
during the period during the Plan Year ending December 31, 2001.

      4.3 ESOP and Former ESOP Account Allocations. As of each Valuation Date,
the Trustee shall allocate to each ESOP Account and each Former ESOP Account its
share of the net income or net loss of the Company Stock funds, as follows:

            (a) Any cash dividends paid or other cash income received with
      respect to Company Stock allocated to a Participant's interest in a
      Company Stock fund as of the record date on which the cash dividend was
      declared or the date the other cash income was accrued and any income
      thereon attributable to the cash dividend or other income shall be
      allocated and invested in that Participant's Individual Funds.

            (b) Any additional shares of Company Stock which are issued with
      respect to any Company Stock held in a Company Stock fund, including, but
      not limited to, stock dividends, shall be allocated to that Company Stock
      fund as of the Valuation Date coinciding with or next following the date
      on which the additional shares of Company Stock are delivered to the
      Trustee. The additional shares of Company Stock shall be allocated to each
      Participant's interest in the Company Stock fund based upon the number of
      shares of Company Stock allocated to such Participant in such Company
      Stock fund.

            (c) Notwithstanding subparagraph (b) above, dividends received in
      relation to Company Stock held in a Participant's ESOP Account shall be
      administered as follows.

                                       16
<PAGE>

      Upon the receipt on or after January 1, 2002 by the Plan of a dividend
      payable with respect to shares of Company Stock allocated to a
      Participant's ESOP Account, the Primary Sponsor shall provide to each
      Participant (or, if the Participant is deceased, his Beneficiary) who has
      an ESOP Account the option to elect, within a reasonable period of time
      established by the Plan Administrator, to:

                  (1) receive a distribution of the dividend in cash from the
            Plan. Such distribution shall take place not later than the 90th day
            after the close of the Plan Year in which the dividend is received
            by the Plan; or

                  (2) have the dividend reinvested by the Plan in Company Stock,
            which stock is allocated to the Participant's ESOP Account.

      If a Participant does not make an election under this Section in the time
      provided by the Plan Administrator, the Plan shall reinvest the dividend
      allocated to the Participant's ESOP in Company Stock, as outlined in
      subsection (2) above.

            (d) The Trustee shall, by virtue of the receipt of any warrants,
      options, rights to purchase, or rights to subscribe become entitled to
      purchase or subscribe for shares of Company Stock, and the Trustee may
      purchase or subscribe for the additional shares of Company Stock. Any
      shares of Company Stock that the Trustee purchases shall be credited to
      all Company Stock funds pursuant to the provisions of Subsection (b)
      above. In the event that the Trustee is unable to purchase or subscribe
      for any additional shares of Company Stock, the Trustee shall sell (if
      practicable) any warrants, options, or rights beyond those which can be
      used as permitted, and shall credit one or more Individual Funds with the
      proceeds from any sale based on the number of shares of Company Stock in
      the Company Stock fund allocated to the Participant in which the warrants,
      options, or rights originated.

      4.4 All valuations of shares of Company Stock in the ESOP Accounts and
Former ESOP Accounts made with respect to activities carried on by the Plan
which shares of Company Stock are not readily tradable on an established
securities market shall be made by an Independent Appraiser.

      4.5 As of each Valuation Date, the Trustee shall allocate the net income
or net loss of each Individual Fund to each Account in the proportion that the
value of the Account as of the Valuation Date bears to the value of all Accounts
invested in that Individual Fund as of the Valuation Date.

                                    SECTION 5
                INDIVIDUAL FUNDS AND INVESTMENTS OF TRUST ASSETS

      5.1 Until such time as the Plan Administrator may direct otherwise, each
Participant may elect to direct the Plan Administrator to invest contributions
to his Account in one or more Individual Funds as the Participant shall
designate by providing notice to the Plan Administrator according to the
procedures established by the Plan Administrator for that purpose.

                                       17
<PAGE>

            (a) All investment elections of contributions being made at any time
      must be in multiples of 1%. Participants may change the investment of
      contributions to their accounts in accordance with the procedures
      established by the Plan Administrator. New investment elections shall be
      effective as of the date that such elections are processed by the Plan
      Administrator in accordance with the procedures established for such
      purpose.

            (b) An investment election, once given, shall be deemed to be a
      continuing election until changed as otherwise provided herein. If no
      election is effective for the date a contribution is to be made, all
      contributions which are to be made for such date shall be invested in such
      Individual Fund as the Plan Administrator, the Investment Manager, the
      Investment Committee, or the Trustee, as applicable, may determine. To the
      extent permissible by law, no Fiduciary shall be liable for any loss,
      which results from a Participant's exercise or failure to exercise his
      investment election

      5.2 Except as limited in Sections 5.3 and 5.4 below, a Participant may
elect according to the procedures established by the Plan Administrator, to
transfer in multiples of 1% his Account between Individual Funds. An election
under this Section 5.2 shall be effective as of the date that such elections are
processed by the Plan Administrator in accordance with the procedures
established for such purpose.

      5.3 Notwithstanding Section 5.2 above, a Participant may not transfer
funds from other accounts into the NCFC ESOP Stock Fund or the NCFC Merged Stock
Fund (but can transfer into the NCFC Stock Fund), as such terms are defined in
Sections 5.4 and 5.5 below. In addition, transfers out of the NCFC ESOP Stock
Fund are prohibited, except as provided under the following diversification
provisions:

            (a) Each Participant who is an Employee and who has both completed
      ten (10) years of participation in the Plan (including years of
      participation in the NBC ESOP/TIRA Plan prior to its merger with the Plan)
      and attained age 55 may elect within ninety (90) days after the close of
      each Plan Year in the election period described in Subsection (d) below to
      direct the Plan to diversify a number of shares of Company Stock equal to:

                  (1) 25% of the Company Stock that has been allocated to the
            Participant's ESOP Account valued as of the Valuation Date preceding
            the date of diversification;

                  (2) reduced by the number of shares of Company Stock
            previously distributed pursuant to this Section.

            The resulting number of shares of Company Stock may be rounded to
      the nearest whole integer. For the last year in which a Participant may
      make an election, this Subsection shall be applied by substituting 50% for
      25% percent

                                       18
<PAGE>

            (b) The Participant who has the right to diversify under Subsection
      (a) may direct the Plan to transfer the portion of the Participant's ESOP
      Account that is covered by the election and invested in the NCFC ESOP
      Stock Fund to any other of the Individual Funds available under the Plan,
      other than the NCFC Merged Stock Fund.

            (c) Company Stock subject to elections made under Subsection (a)
      shall be diversified no later than ninety (90) days after the period
      during which the election may be made.

            (d) As used in Subsection (a), "election period" shall mean the six
      Plan Year period beginning with the Plan Year in which the Participant has
      attained age 55 and completed ten (10) years of participation in the Plan
      (including years of participation in the NBC ESOP/TIRA Plan prior to its
      merger with the Plan).

            (e) Notwithstanding the preceding provisions of this Section 5.3, if
      the Fair Market Value of Company Stock allocated to a Participant's ESOP
      Account is five hundred dollars ($500) or less on the Valuation Date
      immediately preceding the first day on which a Participant is eligible to
      make an election described in Subsection (a) above, then that Participant
      shall not be eligible to make a diversification election.

      5.4 The Trustee will permit the investment in a unitized fund that will
hold Company Stock, to be called the "NCFC Stock Fund." A Participant may elect
to have a portion of his contributions invested in the NCFC Stock Fund.
Effective as of January 1, 2002, a Participant's election to have a portion of
his contributions invested in the NCFC Stock Fund shall be limited to fifty
percent (50%) of the contributions. If a Participant elects prior to January 1,
2002 to have a larger portion of his contributions so invested, such election
will be deemed to be reduced to fifty percent (50%) as of such date, and the
balance shall be invested in the Individual Funds as directed by the Participant
for the non-Stock Fund portion of the contributions (or, in the absence of such
election, as determined by procedures established by the Plan Administrator). A
Participant may elect to transfer any portion of his Account (except as limited
in Subsection 5.2 above) from other investments into the NCFC Stock Fund.

      5.5 The Trustee will establish two additional Individual Funds that are
stock funds holding Company Stock, called the "NCFC ESOP Stock Fund" and the
"NCFC Merged Stock Fund."

            (a) The NCFC ESOP Stock Fund is a fund in which Company Stock
      investments in a Participant's Account shall be accounted for on a per
      share basis. Only amounts attributable to the ESOP Account as of the date
      on which the NBC ESOP/TIRA Plan merged into this Plan (and the earnings
      thereon) may be invested in the NCFC ESOP Stock Fund. No new contributions
      may be invested in the NCFC ESOP Stock Fund, and transfers to the NCFC
      ESOP Stock Fund from other Individual Funds are not permitted. Transfers
      out of the NCFC ESOP Stock Fund are permitted only under the provisions of
      Section 5.3 above, although transfers to the NCFC Merged Stock Fund are
      not permitted. Dividends may be reinvested in the NCFC ESOP Stock Fund
      pursuant to the provisions of Section 4.3(c) above.

                                       19
<PAGE>

            (b) The NCFC Merged Stock Fund is a fund in which Company Stock
      investments in a Participant's Account shall be accounted for on a per
      share basis. Only amounts attributable to the Former ESOP Account as of
      the date on which the American Federal Plan merged into the CCB Savings
      Plan (and the earnings thereon) may be invested in the NCFC Merged Stock
      Fund. Participants may elect to transfer out of the NCFC Merged Stock Fund
      into any other Individual Fund (other than the NCFC ESOP Stock Fund) at
      any time. Transfers from other Individual Funds to the NCFC Merged Stock
      Fund are not permitted.

      5.6 A Loan Fund shall be established by the Trustee on behalf of each
Participant for whom a loan is made pursuant to Plan Section 6. The Loan Fund
shall be credited with the amount of any loan made by the Plan to the
Participant and shall be debited with all principal and interest repayments of
any such loans. Under rules established by the Plan Administrator, a
Participant's interest in the Individual Funds shall be debited by the amount
credited to the Participant's Loan Fund. All principal and interest repayments
debited to the Loan Fund shall be invested as contributions to the Participant's
Account pursuant to Plan Section 5.1. Each Loan Fund shall be invested in a note
or notes made by the Participant evidencing the promised repayment of monies
loaned to the Participant from the Fund.

                                    SECTION 6
                                   PLAN LOANS

      6.1 Subject to the provisions of the Plan and the Trust, each Participant
who is an Employee shall have the right, subject to prior approval by the Plan
Administrator, to borrow from the Fund. In addition, each "party in interest,"
as defined in ERISA Section 3(14), who is (a) a Participant but no longer an
Employee; (b) the Beneficiary of a deceased Participant, or (c) an alternate
payee of a Participant pursuant to the provisions of a "qualified domestic
relations order," as defined in Code Section 414(p), shall also have the right,
subject to prior approval by the Plan Administrator and in a manner that does
not discriminate in favor of Highly Compensated Employees, to borrow from the
Fund. All Plan loans shall be made pursuant to a Plan Loan Procedure to be
adopted by the Plan Administrator and distributed to Participants and parties in
interest.

      6.2 In order to apply for a loan, a borrower must complete and submit to
the Plan Administrator documents or information required by the Plan
Administrator for this purpose.

      6.3 Loans shall be available to all eligible borrowers on a reasonably
equivalent basis, which may take into account the borrower's creditworthiness,
ability to repay, and ability to provide adequate security. Loans shall not be
made available to Highly Compensated Employees, officers or shareholders of a
Plan Sponsor in an amount greater than the amount made available to other
borrowers. This provision shall be deemed to be satisfied if all borrowers have
the right to borrow the same percentage of their interest in the Participant's
vested Account, notwithstanding that the dollar amount of such loans may differ
as a result of differing values of Participants' vested Accounts.

                                       20
<PAGE>

      6.4 Each loan shall bear a "reasonable rate of interest" and provide that
the loan be amortized in substantially level payments, made no less frequently
than quarterly, over a specified period of time. A "reasonable rate of interest"
shall be that rate that provides the Plan with a return commensurate with the
interest rates charged by persons in the business of lending money for loans
which would be made under similar circumstances.

      6.5 Loans may be taken only from a Participant's Before-Tax Account,
Matching Account, Frozen Matching Account, and Rollover Account.

      6.6 Each loan shall be adequately secured, with the security for the
outstanding balance of all loans to the borrower to consist of one-half (1/2) of
the borrower's interest in the Participant's vested portion of his Before-Tax
Account, Matching Account, and Rollover Account, or such other security as the
Plan Administrator deems acceptable.

      6.7 Each loan, when added to the outstanding balance of all other loans to
the borrower from all retirement plans of the Plan Sponsor and its Affiliates
which are qualified under Section 401 of the Code, shall not exceed the least
of:

            (a) $50,000, reduced by the excess, if any, of

                  (1) the highest outstanding balance of loans made to the
            borrower from all retirement plans qualified under Code Section 401
            of the Plan Sponsor and its Affiliates during the one (1) year
            period immediately preceding the day prior to the date on which such
            loan was made, over

                  (2) the outstanding balance of loans made to the borrower from
            all retirement plans qualified under Code Section 401 of the Plan
            Sponsor and its Affiliates on the date on which such loan was made,
            or

            (b) one-half (1/2) of the value of the borrower's total vested
      interest in the Participant's Before-Tax Account, Matching Account, and
      Rollover Account.

For purposes of this Section, the value of the borrower's vested interest in the
Participant's Account shall be established as of the latest preceding Valuation
Date, or any later date on which an available valuation was made, and shall be
adjusted for any distributions or contributions made through the date of the
origination of the loan.

      6.8 Each loan, by its terms, shall be repaid within five (5) years.
Notwithstanding the foregoing, any loan that is outstanding as of August 1,
2001, including loans that become loans under this Plan by virtue of the merger
of plans that occurred on such date, shall be repaid according to the existing
terms of such loan (even if such terms provide for repayment over a period
longer than five (5) years, if such loans were used to purchase the borrower's
principal residence).

      6.9 Each loan shall be made in an amount of no less than $1,000.

                                       21
<PAGE>

      6.10 A borrower is permitted to have only one loan existing under this
Plan at any one time. Notwithstanding the foregoing, any loan that is
outstanding as of August 1, 2001, including loans that became loans under this
Plan by virtue of the merger of plans that occurred on such date, shall continue
according to their terms (even if a Participant has more than one loan
outstanding).

      6.11 Default Events

            (a) The entire unpaid principal sum and accrued interest shall, at
      the option of the Plan Administrator, become due and payable:

                  (1) Ninety (90) days after a borrower terminates employment
            with the Plan Sponsor, except in the event of Disability or a
            layoff. A loan may be satisfied (and not considered in default) by
            distributing the note evidencing the debt as part of an Eligible
            Rollover Distribution if, prior to the expiration of the ninety (90)
            day period, the terminating Participant elects the direct rollover
            of the loan and provides the Plan Administrator with a written
            indication from the trustee, custodian, or administrator for the
            Eligible Retirement Plan of its willingness to accept the rollover
            of such loan;

                  (2) Ninety (90) days after a borrower fails to make any loan
            payment when due,

                  (3) If the vested Account held as security under the Plan for
            the borrower will, as a result of an impending distribution or
            withdrawal, be reduced to an amount less than the amount of all
            unpaid principal and accrued interest then outstanding under the
            loan, or

                  (4) If a borrower makes any untrue representations or
            warranties in connection with the obtaining of the loan.

            (b) If an event under subparagraph (a) occurs, the Plan
      Administrator may take such steps as it deems necessary to preserve the
      assets of the Plan, including, but not limited to, the following:

                  (1) direct the Trustee to deduct the unpaid principal sum,
            accrued interest, and any other applicable charge under the note
            evidencing the loan from any benefits that may become payable out of
            the Plan to the borrower,

                  (2) direct the Plan Sponsor to deduct and transfer to the
            Trustee the unpaid principal balance, accrued interest, and any
            other applicable charge under the note evidencing the loan from any
            amounts owed by the Plan Sponsor to the borrower, or

                                       22
<PAGE>

                  (3) liquidate the security given by the borrower, other than
            amounts attributable to a Participant's Before-Tax Account, and
            deduct from the proceeds the unpaid principal balance, accrued
            interest, and any other applicable charge under the note evidencing
            the loan.

      If any part of the indebtedness under the note evidencing the loan is
      collected by law or through an attorney, the borrower shall be liable for
      attorneys' fees in an amount equal to ten percent of the amount then due
      and all costs of collection.

            (c) Notwithstanding the foregoing, any loan which became a loan
      under this Plan by virtue of the merger of plans that occurred as of
      August 1, 2001, shall be subject to default under the terms of such loan.

      6.12 Each loan shall be made only in accordance with regulations and
rulings of the Internal Revenue Service and the Department of Labor. The Plan
Administrator shall be authorized to administer the loan program of this Section
and shall act in his sole discretion to ascertain whether the requirements of
such regulations and rulings and this Section have been met.

                                    SECTION 7
                          WITHDRAWALS DURING EMPLOYMENT

      7.1 Hardship Withdrawals

            (a) The Trustee shall, upon the direction of the Plan Administrator,
      withdraw all or a portion of a Participant's vested Account (except for
      the amounts consisting of earnings allocated to the Participant's
      Before-Tax Account prior to or during the last Plan Year ending on or
      before July 31, 1989) prior to the time such account is otherwise
      distributable in accordance with the other provisions of the Plan;
      provided, however, that any such withdrawal shall be made only if the
      Participant is an Employee and demonstrates that he is suffering from
      "hardship" as determined herein.

            (b) Hardship Defined. For purposes of this Section, a withdrawal
      will be deemed to be on account of hardship if the withdrawal is on
      account of:

                  (1) expenses for medical care described in Section 213(d) of
            the Code incurred by the Participant, his spouse, or any dependents
            of the Participant (as defined in Section 152 of the Code) or
            necessary for these persons to obtain medical care described in Code
            Section 213(d);

                  (2) purchase (excluding mortgage payments) of a principal
            residence for the Participant;

                  (3) payment of tuition and related educational fees for the
            next twelve (12) months of post-secondary education for the
            Participant, his spouse, children, or dependents; or

                                       23
<PAGE>

                  (4) the need to prevent the eviction of the Participant from
            his principal residence or foreclosure on the mortgage of the
            Participant's principal residence.

            (c) The amount of the withdrawal must be necessary to satisfy the
      Participant's immediate and heavy financial need under Subparagraph (b)
      above. A withdrawal is not considered as necessary to satisfy the
      immediate and heavy financial need to the extent that the amount of the
      withdrawal exceeds the amount required to relieve the need or to the
      extent the need may be satisfied from other resources available to the
      Participant. The amount needed to relieve the need may include any
      federal, state, or local income taxes and penalties reasonably anticipated
      to result from the distribution.

            (d) The determination of whether the amount of the withdrawal is
      necessary to satisfy the Participant's immediate and heavy financial need
      is to be made by the Plan Administrator in its sole discretion on the
      basis of all relevant facts and circumstances. For purposes of this
      determination, the Participant's resources are deemed to include those
      assets of the Participant's spouse and minor children that are reasonably
      available to the Participant. The Plan Administrator may rely on the
      Participant's certification by execution of a form provided by the Plan
      Administrator, unless the Plan Administrator has actual knowledge to the
      contrary, that the need determined under Plan Section 7.2 cannot be
      relieved.

                  (1) through reimbursement or compensation by insurance or
            otherwise,

                  (2) by reasonable liquidation of the assets of the
            Participant, his spouse and minor children, to the extent that the
            liquidation would not itself cause an immediate and heavy financial
            need and to the extent that the assets of the spouse and minor
            children are reasonably available to the Participant,

                  (3) by cessation of Elective Deferrals, or

                  (4) by other distributions or nontaxable (at the time of the
            distribution) loans from plans maintained by the Plan Sponsor or any
            other employer, or by borrowing from commercial sources on
            reasonable commercial terms (unless such loans would intensify the
            financial hardship).

            (e) Hardship withdrawals shall be made only in accordance with such
      other rules, policies, procedures, restrictions, and conditions as the
      Plan Administrator may from time to time adopt. Any determination of the
      existence of hardship and the amount to be withdrawn on account thereof
      shall be made by the Plan Administrator (or such other person as may be
      required to make such decisions) in accordance with the foregoing rules as
      applied in a uniform and nondiscriminatory manner. Hardship withdrawals
      shall be subject to the rules under the Code in relation to tax
      withholding.

                                       24
<PAGE>

      7.2 Withdrawals at or After Age 59 1/2. A Participant who has attained at
least age 59 1/2 may elect to take an in-service withdrawal of all or any
portion of his vested Participant Accounts, regardless of whether the
Participant has terminated employment with the Plan Sponsor.

      7.3 Withdrawals of After-Tax Contributions. A Participant may withdraw all
or a portion of the balance his After-Tax Account at any time, regardless of
whether the Participant has terminated employment with the Plan Sponsor.

      7.4 Additional Rules for Withdrawals During Employment

            (a) A Participant may take up to four withdrawals per Plan Year
      while he is an Employee.

            (b) Each in-service withdrawal must be for the lesser of (1) $500;
      or (2) for withdrawals at or after age 59 1/2, the total value of the
      Participant's Account. Requests for hardship withdrawals of less than $500
      shall be considered not to be necessary to satisfy an immediate and heavy
      financial need.

            (c) All in-service withdrawals shall be in cash in a lump sum. To
      effect this withdrawal, the necessary portion of any or all of the
      investments in the Participant's Accounts (including those in a Company
      Stock Subaccount) will be liquidated.

                                    SECTION 8
                PAYMENT OF BENEFITS ON TERMINATION OF EMPLOYMENT

      8.1 (a) In the event of Termination of Employment, a Participant whose
      vested Account exceeds $3,500 ($5,000, effective January 1, 1998) may
      request that payment of his vested Account be made at any time after the
      Participant's Termination of Employment occurs. The balance of a
      Participant's Account shall be determined as of the Valuation Date
      coinciding with or immediately preceding the date the Participant's
      account is valued for imminent payout purposes. Payment of a Participant's
      Account shall be in the form elected by such Participant under Plan
      Section 8.1(b). All payments will be made or commence as soon as
      administratively feasible after a Participant's request. No distribution
      of the Participant's Account will be made without his request prior to his
      Normal Retirement Age.

            (b) Payment of a Participant's vested Account may be made in the
      form of a lump-sum payment. Such lump-sum payment shall be in the form of
      cash, except to the extent that the Participant's Accounts are invested in
      Company Stock, in which case the Participant may elect either to take
      distribution of such Company Stock or to have such Company Stock converted
      to cash prior to distribution. Notwithstanding the foregoing, a
      Participant may elect to take distribution of his entire ESOP Account in
      the form of Company Stock; provided, that if such election is made, the
      Participant shall also be deemed to have elected to receive in Company
      Stock that portion of his other Accounts

                                       25
<PAGE>

      which are invested in Company Stock. If the Participant makes such an
      election, any portion of the ESOP Account that is not invested in Company
      Stock at the time such election is made shall be liquidated, and Company
      Stock shall be purchased with the proceeds (except to the extent that only
      fractional shares of Company Stock may be purchased, in which case such
      portion of the Account may be distributed to the Participant in cash).

            (c) In the event of a Termination of Employment, a Participant whose
      vested Account is $3,500 ($5,000, effective January 1, 1998) or less shall
      be distributed in a lump sum payment as soon as administratively feasible
      after the Participant's Termination of Employment.

            (d) If a Participant who has a Termination of Employment has not
      previously received a distribution of his Account under Subsection (a) or
      (b), payment of his Account will be made or commence in any event on or
      before sixty (60) days following the end of the Plan Year in which the
      Participant attains Normal Retirement Age.

      8.2 That portion of a Participant's Account in which he is vested as of a
Valuation Date shall be:

            (a) his Before-Tax Account, After-Tax Account, Rollover Account,
      Frozen Match Account, Former ESOP Account, and Former Qualified
      Nonelective Contribution Account, which shall be fully vested and
      nonforfeitable at all times; and

            (b) that portion of the value of his Matching Account, Profit
      Sharing Account, and ESOP Account computed according to the following
      vesting schedule taking into account any Vesting Service subsequent to
      such Valuation Date until the date of his Termination of Employment:

<TABLE>
<CAPTION>
 Full Years of   Percentage
Vesting Service    Vested
---------------  ----------
<S>              <C>
  Less than 1         0%
       1             20%
       2             40%
       3             60%
       4             80%
   5 or more        100%
</TABLE>

            (c) Notwithstanding the foregoing:

                  (1) Any Participant who was a Participant in the First
            Mercantile Profit Sharing Plan as of July 31, 2001, and who had
            completed three (3) Years of Vesting Service with the Plan Sponsor
            as of such date shall be 100% vested in his Matching Account at all
            times; and

                                       26
<PAGE>

                  (2) In no event shall the Vested Percentage of a Participant's
            Account attributable to the Participant's benefit under a Merged
            Plan be less than the Vested Percentage of such funds immediately
            prior to the merger of such Plan with and into this Plan.

            (d) Notwithstanding the foregoing, any Participant who was a
      Participant in the CCB Financial Corporation Retirement Savings Plan as of
      July 31, 2001, who terminates employment with all of the Plan Sponsors
      prior to August 15, 2001 under circumstances for which benefits are
      payable to the Participant under the "CCB Financial Corporation Plan for
      Severance Compensation after a Change of Control" shall be fully vested
      and entitled to payment of his entire Participant Account.

            (e) Full Vesting for Employees who are not Highly Compensated
      Employees on Change in Control.

                  (1) If a Participant's employment with the Plan Sponsor is
            terminated involuntarily as a result of a Change in Control and such
            Participant is not a Highly Compensated Employee at the time of such
            termination of employment, he or she shall be fully vested and
            entitled to payment of his entire Participant Account.

                  (2) For purposes of this section, a "Change in Control" means
            the first to occur of the following events:

                        (A) any individual, entity or group (within the meaning
                  of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act
                  of 1934, as amended (the "Exchange Act")) (a "Person")
                  acquires beneficial ownership (within the meaning of Rule
                  13d-3 promulgated under the Exchange Act) of voting securities
                  of the Primary Sponsor where such acquisition causes such
                  person to own twenty percent (20%) or more of the combined
                  voting power of the then outstanding voting securities of the
                  Primary Sponsor entitled to vote generally in the election of
                  directors (the "Outstanding Corporation Voting Securities");
                  provided, however, that for purposes of this Subsection (A),
                  the following acquisitions shall not be deemed to result in a
                  Change of Ownership or Effective Control: (i) any acquisition
                  directly from the Primary Sponsor, (ii) any acquisition by the
                  Primary Sponsor, (iii) any acquisition by any employee benefit
                  plan (or related trust) sponsored or maintained by the Primary
                  Sponsor or any corporation controlled by the Primary Sponsor
                  or (iv) any acquisition by any corporation pursuant to a
                  transaction that complies with clauses (i), (ii) and (iii) of
                  Subsection (C) below; and provided, further, that if any
                  Person's beneficial ownership of the Outstanding Corporation
                  Voting Securities reaches or exceeds 20% as a result of a
                  transaction described in clause (i) or (ii) above, and such
                  Person subsequently acquires beneficial ownership of
                  additional voting securities of the Primary Sponsor, such
                  subsequent acquisition shall be treated as an acquisition that
                  causes such

                                       27
<PAGE>

                  Person to own twenty percent (20%) or more of the Outstanding
                  Corporation Voting Securities; or

                        (B) individuals who as of the date hereof, constitute
                  the Board of Directors of the Primary Sponsor (the "Incumbent
                  Board") cease for any reason to constitute at least a majority
                  of the Board of Directors of the Primary Sponsor; provided,
                  however, that any individual becoming a director subsequent to
                  the date hereof whose election, or nomination for election by
                  the Primary Sponsor's shareholders, was approved by a vote of
                  at least two-thirds of the directors then comprising the
                  Incumbent Board shall be considered as though such individual
                  were a member of the Incumbent Board, but excluding, for this
                  purpose, any such individual whose initial assumption of
                  office occurs as a result of an actual or threatened election
                  contest with respect to the election or removal of directors
                  or other actual or threatened solicitation of proxies or
                  consents by or on behalf of a Person other than the Board of
                  Directors of the Primary Sponsor; or

                        (C) the shareholders of the Primary Sponsor approve of a
                  reorganization, merger or consolidation or sale or other
                  disposition of all or substantially all of the assets of the
                  Primary Sponsor ("Business Combination") or, if consummation
                  of such Business Combination is subject, at the time of such
                  approval by shareholders, to the consent of any government or
                  governmental agency, the obtaining of such consent (either
                  explicitly or implicitly by consummation); excluding, however,
                  such a Business Combination pursuant to which (i) all or
                  substantially all of the individuals and entities who were the
                  beneficial owners of the Outstanding Corporation Voting
                  Securities immediately prior to such Business Combination
                  beneficially own, directly or indirectly, more than sixty
                  percent (60%) of, respectively, the then outstanding shares of
                  common stock and the combined voting power of the then
                  outstanding voting securities entitled to vote generally in
                  the election of directors, as the case may be, of the
                  corporation resulting from such Business Combination
                  (including, without limitation, a corporation that as a result
                  of such transaction owns the Primary Sponsor or all or
                  substantially all of the Primary Sponsor's assets either
                  directly or through one or more subsidiaries) in substantially
                  the same proportions as their ownership, immediately prior to
                  such Business Combination of the Outstanding Corporation
                  Voting Securities, (ii) no Person (excluding any employee
                  benefit plan (or related trust) of the Primary Sponsor or such
                  corporation resulting from such Business Combination)
                  beneficially owns, directly or indirectly, twenty percent
                  (20%) or more of, respectively, the then outstanding shares of
                  common stock of the corporation resulting from such Business
                  Combination or the combined voting power of the then
                  outstanding voting securities of such corporation except to
                  the extent that such ownership existed prior to the Business
                  Combination and (iii) at least

                                       28
<PAGE>

                  a majority of the members of the board of directors of the
                  corporation resulting from such Business Combination were
                  members of the Incumbent Board at the time of the execution of
                  the initial agreement, or of the action of the Board,
                  providing for such Business Combination; or

                        (D) approval by the shareholders of the Primary Sponsor
                  of a complete liquidation or dissolution of the Primary
                  Sponsor.

            The successful closing of a merger agreement between National
            Commerce Bancorporation and CCB Financial Corporation on or before
            December 31, 2000 shall not be considered a Change of Ownership or
            Effective Control for the purposes of this Plan.

      8.3 (a) If any portion of a Participant's vested Account derived from Plan
      Sponsor contributions is paid prior to his Termination Completion Date, a
      portion of his Account equal to his total non-vested Account derived from
      Plan Sponsor contributions multiplied by a fraction, the numerator of
      which is the amount of the distribution attributable to Plan Sponsor
      contributions and the denominator of which is the total vested Account
      attributable to Plan Sponsor contributions, shall be immediately
      forfeited. The amount forfeited shall not exceed the Participant's
      nonvested Account. Upon the Termination of Employment of a Participant who
      is not vested in any part of his Account, the Participant shall be deemed
      to have received a distribution and his Account shall be immediately
      forfeited.

            (b) If the Participant is reemployed by a Plan Sponsor or an
      Affiliate prior to his Termination Completion Date and (1) if the
      Participant's Account was partially vested and the Participant repays to
      the Fund no later than the fifth anniversary of the Participant's
      reemployment by the Plan Sponsor or an Affiliate all of that portion of
      his vested Account which was paid to him or (2) if the Participant's
      Account was not vested upon his termination of employment, then any
      portion of his Account which was forfeited shall be restored effective on
      the Valuation Date coinciding with or next following the repayment or the
      Participant's reemployment, respectively. The restoration on any Valuation
      Date of the forfeited portion of the Account of a Participant pursuant to
      the preceding sentence shall be made first from forfeitures available for
      allocation or to reduce the Employer's contribution on that Valuation
      Date, to the extent available, and then by a special contribution by the
      Plan Sponsor.

            (c) If a Participant who is partially vested in his Account does not
      receive, prior to his Termination Completion Date, a distribution of any
      portion of his vested Account, then no forfeiture of that Participant's
      nonvested portion of his Account shall occur until that Participant's
      Termination Completion Date.

      8.4 If a Plan amendment directly or indirectly changes the vesting
schedule, the vesting percentage for each Participant in his Account accumulated
to the date when the amendment is adopted shall not be reduced as a result of
the amendment. In addition, any Participant with at least three (3) years of
Vesting Service may irrevocably elect to remain under

                                       29
<PAGE>

the pre-amendment vesting schedule with respect to all of his benefits accrued
both before and after the amendment.

      8.5 If a Participant has a Termination of Employment and is subsequently
reemployed by a Plan Sponsor or an Affiliate prior to receiving a distribution
of his Account under the Plan, such Participant shall not be entitled to a
distribution under this Section while he is an Employee.

      If a Participant has a Termination of Employment which is not a
distributable event as provided under Code Section 401(k)(10)(A), the Plan
Sponsor is not required to distribute such Participant's Account to the
Participant prior to the time for distribution as otherwise provided under the
Plan.

      8.6 Elimination of Prior Benefit Forms.

            (a) Participants who were participants in the Merged Plans prior to
      the Effective Date were entitled to take distributions in the form of
      installments and, for the CCB Financial Corporation Retirement Savings
      Plan, in the form of an annuity for a term certain. These distribution
      forms are being eliminated concurrent with the merger of the Merged Plans
      into this Plan, in favor of the provision of a lump sum payment form.

            (b) The effective date of the elimination of these benefit forms
      with respect to any Participant shall be the November 1, 2001. Prior to
      such date, a Participant may take distribution (assuming that the
      Participant is eligible to do so under the terms of the Plan) in any form
      available in the Merged Plan under which such Participant was a
      participant prior to the merger, and such alternate forms of benefit are
      hereby incorporated by reference.

                                    SECTION 9
                        PAYMENT OF BENEFITS ON RETIREMENT

      9.1 (a) A retired Participant whose Account exceeds $3,500 ($5,000,
      effective January 1, 1998) may request that payment of his Account be made
      at any time after the Participant attains a Retirement DATE. All payments
      will be made as soon as administratively feasible following a
      Participant's request. No distribution of the Participant's Account will
      be made without his request prior to his Normal Retirement Age.

            (b) Payment of a Participant's Account pursuant to this Section 9
      may be made in a lump sum payment in cash or Company Stock, as described
      in Plan Section 8.1(b) and as elected by such Participant.

            (c) A retired Participant whose Account is $3,500 ($5,000, effective
      January 1, 1998) or less shall be distributed in a lump sum payment as
      soon as administratively feasible after the Participant attains a
      Retirement Date.

                                       30
<PAGE>

            (d) If a retired Participant has not previously received a
      distribution under Subsection (a) or (c), his Account will be distributed
      to him on or before sixty (60) days following the end of the Plan Year in
      which the later of the date the Participant (1) attains Normal Retirement
      Age, or (2) incurs a Retirement Date.

      9.2 The Account of a Participant who has attained a Retirement Date or has
attained Normal Retirement Age shall be fully vested and nonforfeitable. The
balance of a Participant's Account which is to be paid under this Section 9
shall be determined as of the Valuation Date coinciding with or immediately
preceding the date the Account is valued for imminent payout purposes pursuant
to normal administrative procedures.

      9.3 The provisions of Section 8.6 shall apply to distributions of benefits
on retirement, to the extent that the permissible effective date for the
elimination of benefits set forth in Section 8.6(b) has not occurred.

                                   SECTION 10
                                 DEATH BENEFITS

      If a Participant dies before receiving a distribution of his vested
Account, his Beneficiary shall receive the Participant's vested Account in one
lump sum as soon as administratively feasible following the death of the
Participant or, if the Beneficiary so elects, at any later date permitted under
Section 11.3(b). If a Participant dies before beginning to receive a
distribution of his vested Account, his Beneficiary shall receive the
Participant's vested Account in one lump sum as soon as administratively
feasible following the death of the Participant. If a Participant dies after
beginning to receive a distribution of his vested Account, his Beneficiary shall
continue to receive the undistributed portion of his vested Account in the form
selected by the Participant before his death. Accounts of Participants shall be
vested pursuant to Plan Section 8. In addition, the Account of a Participant who
dies while an Employee shall be fully vested.

                                   SECTION 11
                         GENERAL RULES ON DISTRIBUTIONS

      11.1 Except for installment distributions (to the extent that such
distributions are available pursuant to Section 8.6 above), Accounts shall not
be adjusted for earnings or losses incurred after the Valuation Date coinciding
with or preceding the date of distribution of the Account. Prior to distribution
of an Account, the Account shall be reduced by the amount necessary to satisfy
the unpaid principal, accrued interest, and penalties on any loan made to the
Participant.

      11.2 Notwithstanding any provisions of the Plan to the contrary that would
otherwise limit a Distributee's election under this Section 11, a Distributee
may elect, at the time and in the manner prescribed by the Plan Administrator,
to have any portion of a distribution pursuant to this Section which is an
Eligible Rollover Distribution paid directly to an Eligible Retirement Plan
specified by the Distributee in a Direct Rollover so long as all Eligible
Rollover Distributions to a Distributee for a calendar year total or are
expected to total at least $200 and, in the case of a Distributee who elects to
directly receive a portion of an Eligible Rollover

                                       31
<PAGE>

Distribution and directly roll the balance over to an Eligible Retirement Plan,
the portion that is to be directly rolled over totals at least $500. Such
Eligible Rollover Distribution may commence less than thirty (30) days after the
notice required under Treasury Regulations Section 1.411(a)-11(c) is given,
provided that:

            (a) the Plan Administrator clearly informs the Distributee that the
      Distributee has a right to a period of at least thirty (30) days after
      receiving the notice to consider the decision of whether or not to elect a
      distribution (and, if applicable, a particular distribution option), and

            (b) the Distributee, after receiving the notice, affirmatively
      elects a distribution.

      11.3 Notwithstanding any other provisions of the Plan,

            (a) Prior to the death of a Participant, all retirement payments
      hereunder shall

                  (1) be distributed to the Participant not later than the
            required beginning date (as defined below) or,

                  (2) be distributed, commencing not later than the required
            beginning date (as defined below) -

                        (A) in accordance with regulations prescribed by the
                  Secretary of the Treasury, over the life of the Participant or
                  over the lives of the Participant and his designated
                  individual Beneficiary, if any, or

                        (B) in accordance with regulations prescribed by the
                  Secretary of the Treasury, over a period not extending beyond
                  the life expectancy of the Participant or the joint life and
                  last survivor expectancy of the Participant and his designated
                  individual Beneficiary, if any.

            (b) (1) If -

                        (A) the distribution of a Participant's retirement
                  payments have begun in accordance with Subsection (a)(2) of
                  this Section, and

                        (B) the Participant dies before his entire vested
                  Account has been distributed to him,

            then the remaining portion of his vested Account shall be
            distributed at least as rapidly as under the method of distribution
            being used under Subsection (a)(2) of this Section as of the date of
            his death.

                                       32
<PAGE>

                  (2) If a Participant dies before the commencement of
            retirement payments hereunder, the entire interest of the
            Participant shall be distributed within five (5) years after his
            death.

                  (3) If -

                        (A) any portion of a Participant's vested Account is
                  payable to or for the benefit of the Participant's designated
                  individual Beneficiary, if any,

                        (B) that portion is to be distributed, in accordance
                  with regulations prescribed by the Secretary of the Treasury,
                  over the life of the designated individual Beneficiary or over
                  a period not extending beyond the life expectancy of the
                  designated individual Beneficiary, and

                        (C) the distributions begin not later than one (1) year
                  after the date of the Participant's death or such later date
                  as the Secretary of the Treasury may by regulations prescribe,

            then, for purposes of Paragraph (2) of this Subsection (b), the
            portion referred to in Subparagraph (A) of this Paragraph (3) shall
            be treated as distributed on the date on which the distributions to
            the designated individual Beneficiary begin.

                  (4) If the designated individual Beneficiary referred to in
            Paragraph (3)(A) of this Subsection (b) is the surviving spouse of
            the Participant, then -

                        (A) the date on which the distributions are required to
                  begin under Paragraph (3)(C) of this Subsection (b) shall not
                  be earlier than the date on which the Participant would have
                  attained age 70 1/2, and

                        (B) if the surviving spouse dies before the
                  distributions to such spouse begin, this Subsection (b) shall
                  be applied as if the surviving spouse were the Participant.

            (c) For purposes of this Section, the term "required beginning date"
      means April 1 of the calendar year following the later of the calendar
      year in which the Participant attains age 70 1/2 or the calendar year in
      which the Participant retires, except that in the case of a person
      described in Section l(b)(3) of Appendix B the "required beginning date"
      shall be April 1 of the calendar year following the calendar year in which
      the Participant attains age 70 1/2. Notwithstanding the foregoing, with
      respect to a Participant who attains age 70 1/2 prior to January 1, 2002,
      such Participant may elect to receive minimum required distributions in
      accordance with Section 401(a)(9) as in effect prior to January 1, 1997,
      or, in the alternative, such Participant may elect to defer distribution,
      in which event benefits will be paid in accordance with the remaining
      provisions of the Plan.

                                       33
<PAGE>

            (d) Distributions will be made in accordance with the regulations
      under Code Section 401(a)(9), including the minimum distribution
      incidental benefit requirement of Treas. Reg. Section 1.401(a)(9)-2.

            (e) With respect to distributions under the Plan made in calendar
      years beginning on or after January 1, 2002, the Plan will apply the
      minimum distribution requirements of Section 401(a)(9) of the Code in
      accordance with the regulations under Code Section 401(a)(9) that were
      proposed in January 2001, notwithstanding any provision of the Plan to the
      contrary. This amendment shall continue in effect until the end of the
      last calendar year beginning before the effective date of final
      regulations under Code Section 401(a)(9) or such other date as may be
      specified in guidance published by the Internal Revenue Service.

                                   SECTION 12
                 SPECIAL PROVISIONS IN RELATION TO COMPANY STOCK

      12.1 To the extent necessary to comply with federal or state securities
laws, each share certificate for Company Stock distributed pursuant to the Plan
shall be clearly marked "RESTRICTED' on its face and, to the extent appropriate
at that time, shall bear on its reverse side legends to the following effect:

            (a) That the securities evidenced by the certificate were issued and
      distributed without registration under the federal Securities Act of 1933
      (the "1933 Act") or under the applicable laws of any state (collectively
      referred to as the "State Acts"), in reliance upon certain exemptive
      provisions of the 1933 Act or any applicable State Acts;

            (b) That the securities cannot be sold or transferred unless, in the
      opinion of counsel reasonably acceptable to the Primary Sponsor, the sale
      or transfer would be:

                  (1) pursuant to an effective registration statement under the
            1933 Act or pursuant to an exemption from registration; and

                  (2) a transaction that is exempt under any applicable State
            Acts or pursuant to an effective registration statement under or in
            a transaction which is in compliance with the State Acts.

            (c) That the securities evidenced by the certificate were issued and
      distributed in accordance with the provisions of the Plan and Trust, are
      subject to the provisions thereof, and may not be sold or transferred
      except in compliance with those provisions.

      12.2 If necessary to comply with the 1933 Act or any applicable State
Acts, shares of Company Stock distributable under the Plan must be acquired for
investment and not with a view to the public distribution thereof. In
furtherance thereof, as a condition of receiving Company Stock under the Plan,
the distributee may be required to execute an investment letter and any other
documents that in the opinion of counsel reasonably acceptable to the Primary
Sponsor, as

                                       34
<PAGE>

issuer, are necessary to comply with the 1933 Act or any applicable State Acts
or any other applicable laws regulating the issuance or transfer of securities.

      12.3 Put and First Refusal Rights for ESOP and Former ESOP Accounts

            (a) Each share of Company Stock distributed from an ESOP Account or
      Former ESOP Account shall be subject to Put and First Refusal Rights. The
      Put Rights grant to the distributee (or his heirs or legatees) the right
      to require the Primary Sponsor or its designee to purchase any shares of
      Company Stock which have been distributed from the ESOP Account or Former
      ESOP Account provided that the Company Stock is not Publicly Traded at the
      time (the "Put"). The Put shall be exercisable by giving written notice to
      the Primary Sponsor for a period of sixty (60) days following the date of
      distribution, and if the Put is not exercised within that 60-day period,
      for an additional period of 60 days, which begins on the later of (1) the
      first day of the Plan Year following the Plan Year of distribution; or (2)
      the day following the expiration of the initial 60-day period. The number
      of days between the tenth (10th) day and the date on which notice is
      actually given, if later, must be added to the duration of the Put. The
      period during which the Put is exercisable does not include the time when
      a distributee (or his heirs or legatees) is unable to exercise it because
      the Primary Sponsor is prohibited from honoring it by applicable federal
      or state law. Payment under the Put may not be restricted by the
      provisions of any loan or any other arrangement, including the terms of
      the Primary Sponsor's articles of incorporation, unless required by
      applicable state law.

            (b) The terms of the Put exercised pursuant to this Section shall
      provide that:

                  (1) In the event that a Participant has received a lump sum
            distribution of his ESOP Account or Former ESOP Account in the form
            of Company Stock in accordance with Section 8, the amount to be paid
            by the Plan Sponsor for the Company Stock under the Put shall be
            paid in substantially equal yearly payments beginning not less than
            thirty (30) days after the exercise of the Put and over five (5)
            years; provided that the Plan Sponsor may prepay such obligation
            without penalty at any time. The Plan Sponsor shall secure the
            payments under the Put with the Company Stock so purchased and the
            unpaid balance of such payments shall be credited with interest at
            the prime rate of interest as reported in the Wall Street Journal.

                  (2) In the event that a Participant has received an
            installment distribution of his ESOP Account or Former ESOP Account
            in the form of Company Stock in accordance with Section 8 prior to
            the effective date of Section 8.6(b), the amount to be paid by the
            Plan Sponsor for the Company Stock under the Put shall be paid out
            less than thirty (30) days after the exercise of the Put.

            (c) The First Refusal Rights provide that prior to any sale from the
      ESOP Account or Former ESOP Account of Company Stock which is not Publicly
      Traded at that time, the distributee (or his heirs or legatees) must first
      offer the Company Stock which he wishes to sell to the Primary Sponsor or
      its designee at the greater of (1) the

                                       35
<PAGE>

      Fair Market Value of the Company Stock; or (2) the same purchase price and
      on the same terms as a bona fide offer made by a third party within the
      preceding fourteen (14) days to whom the distributee (or his heirs or
      legatees) desires to sell the Company Stock, and that if the Primary
      Sponsor or its designee is not willing to purchase the Company Stock
      within fourteen (14) days after receipt by the Primary Sponsor of written
      notification by the distributee of the purchase price and payment terms,
      then the distributee (or his heirs or legatees) may proceed to sell the
      Company Stock to the third party in accordance with the offer within
      twenty-eight (28) days after receipt by the Primary Sponsor of the written
      notification. In no event may the Company Stock be sold or transferred for
      value, nor shall the Primary Sponsor recognize any purchaser or transferee
      as the owner of the Company Stock, unless the terms of the First Refusal
      Rights, as specified above, have been followed.

            (d) The provisions of this Section 12.3 shall continue to be
      applicable to shares of Company Stock acquired hereunder in the Former
      ESOP Account, even though this portion of the Plan is not an employee
      stock ownership plan, as defined under Code Section 4975(e)(7).

            (e) Each share of Company Stock distributed from the ESOP Account or
      Former ESOP Account under this Plan may contain legends indicating the
      rights contained in this Section 12.3 of the Plan.

      12.4 Pass Through of Voting Rights to Company Stock Funds.

            (a) Except as provided in this Section, the Trustee shall vote
      shares of Company Stock held in the Fund. As to any corporate matter which
      involves the voting of shares of Company Stock with respect to the
      approval or disapproval of any merger or consolidation, recapitalization,
      reclassification, liquidation, dissolution, sale of substantially all of
      the assets or any similar transaction as provided in regulations issued by
      the Secretary of the Treasury or, if Company Stock is required to be
      registered under Section 12 of the Securities Exchange Act of 1934, or
      would be required to be so registered except for the exemption from
      registration provided in Subsection (g)(2)(H) of that Section 12, the
      Trustee shall vote shares of Company Stock as follows:

                  (1) Whole shares of Company Stock held in Company Stock funds
            on behalf of a Participant for which it has received instructions
            from the Participant shall be voted in accordance with those
            instructions. In the absence of voting instructions by the
            Participant, whole shares of Company Stock held in Company Stock
            funds for such Participant shall be voted by the Trustee unless the
            fiduciary requirements of ERISA require otherwise.

                  (2) The combined fractional shares and fractional rights to
            shares of Company Stock held in Company Stock funds shall be voted
            to the extent possible in the same proportion as whole shares of
            Company Stock held in such funds are directed to be voted by
            Participants unless the fiduciary requirements of ERISA require
            otherwise.

                                       36
<PAGE>

                  (3) The Primary Sponsor shall furnish the Trustee,
            Participants, and Beneficiaries with notices and information
            statements when voting or other rights as to Company Stock are to be
            exercised.

            (b) All decisions affecting Company Stock held under the Fund which
      do not involve voting of such Company Stock, including, without
      limitation, decisions to reject or consent to tender or exchange offers
      and similar decisions, shall be determined by the Trustee in the same
      manner as voting decisions as described in Subparagraph (a) above.

                                   SECTION 13
                           ADMINISTRATION OF THE PLAN

      13.1 Trust Agreement. The Primary Sponsor shall establish a Trust with the
Trustee designated by the Board of Directors for the management of the Fund,
which Trust shall form a part of the Plan and is incorporated herein by
reference.

      13.2 Operation of the Plan Administrator. The Primary Sponsor shall
appoint a Plan Administrator. If an organization is appointed to serve as the
Plan Administrator, then the Plan Administrator may designate in writing one or
more persons who may act on behalf of the Plan Administrator. If more than one
person is so designated with respect to the same administrative function, a
majority of such persons shall constitute a quorum for the transaction of
business and shall have the full power to act on behalf of the Plan
Administrator. The Primary Sponsor shall have the right to remove the Plan
Administrator at any time by notice in writing. The Plan Administrator may
resign at any time by written notice of resignation to the Trustee and the
Primary Sponsor. Upon removal or resignation of the plan Administrator, or in
the event of the dissolution of the Plan Administrator, the Primary Sponsor
shall appoint a successor.

      13.3 Fiduciary Responsibility.

            (a) The Plan Administrator, as a Named Fiduciary, may allocate its
      fiduciary responsibilities among Fiduciaries other than the Trustee,
      designated in writing by the Plan Administrator and may designate in
      writing persons other than the Trustee to carry out its fiduciary
      responsibilities under the Plan. The Plan Administrator may remove any
      person designated to carry out its fiduciary responsibilities under the
      Plan by notice in writing to such person.

            (b) The Plan Administrator and each other Fiduciary may employ
      persons to perform services and to render advice with regard to any of the
      Fiduciary's responsibilities under the Plan. Charges for all such services
      performed and advice rendered may be paid by the Fund to the extent
      permitted by ERISA.

            (c) Each Plan Sponsor shall indemnify and hold harmless each person
      constituting the Plan Administrator or the Investment Committee, except
      those individuals who are not a Plan Sponsor or an employee of a Plan
      Sponsor, if any, from and against any and all claims, losses, costs,
      expenses (including, without limitation, attorney's fees and court costs),
      damages, actions or causes of action arising from, on

                                       37
<PAGE>

      account of or in connection with the performance by such person of his
      duties in such capacity, other than such of the foregoing arising from, on
      account of or in connection with the willful neglect or willful misconduct
      of such person.

      13.4 Duties of the Plan Administrator.

            (a) The Plan Administrator shall advise the Trustee with respect to
      all payments under the terms of the Plan and shall direct the Trustee in
      writing to make such payments from the Fund; provided, however, in no
      event shall the Trustee be required to make such payments if the Trustee
      has actual knowledge that such payments are contrary to the terms of the
      Plan and the Trust.

            (b) The Plan Administrator shall from time to time establish rules,
      not contrary to the provisions of the Plan and the Trust, for the
      administration of the Plan and the transaction of its business. All
      elections and designations under the Plan by a Participant or Beneficiary
      shall be made on forms prescribed by the Plan Administrator. The Plan
      Administrator shall have discretionary authority to construe the terms of
      the Plan and shall determine all questions arising in the administration,
      interpretation and application of the Plan, including, but not limited to,
      those concerning eligibility for benefits and it shall not act so as to
      discriminate in favor of any person. All determinations of the Plan
      Administrator shall be conclusive and binding on all Employees,
      Participants, Beneficiaries and Fiduciaries, subject to the provisions of
      the Plan and the Trust and subject to applicable law.

            (c) The Plan Administrator shall furnish Participants and
      Beneficiaries with all disclosures now or hereafter required by ERISA or
      the Code. The Plan Administrator shall file, as required, the various
      reports and disclosures concerning the Plan and its operations as required
      by ERISA and by the Code, and shall be solely responsible for establishing
      and maintaining all records of the Plan and the Trust.

            (d) The statement of specific duties for a Plan Administrator in
      this Section is not in derogation of any other duties which a Plan
      Administrator has under the provisions of the Plan or the Trust or under
      applicable law.

      13.5 Investment Manager. The Primary Sponsor may, by action in writing
certified by notice to the Trustee, appoint an Investment Manager. Any
Investment Manager may be removed in the same manner in which appointed, and in
the event of any removal, the Investment Manager shall, as soon as possible, but
in no event more than thirty (30) days after notice of removal, turn over all
assets managed by it to the Trustee or to any successor Investment Manager
appointed, and shall make a full accounting to the Primary Sponsor with respect
to all assets managed by it since its appointment as an Investment Manager.

      13.6 Investment Committee. The Primary Sponsor may, by action in writing
certified by notice to the Trustee, appoint an Investment Committee. The Primary
Sponsor shall have the right to remove any person on the Investment Committee at
any time by notice in writing to such person. A person on the Investment
Committee may resign at any time by written notice of

                                       38
<PAGE>

resignation to the Primary Sponsor. Upon such removal or resignation, or in the
event of the death of a person on the Investment Committee, the Primary Sponsor
may appoint a successor. Until a successor has been appointed, the remaining
persons on the Investment Committee may continue to act as the Investment
Committee.

      13.7 Action by a Plan Sponsor. Any action to be taken by a Plan Sponsor
shall be taken by resolution or written direction duly adopted by its board of
directors or appropriate governing body, as the case may be; provided, however,
that by such resolution or written direction, the board of directors or
appropriate governing body, as the case may be, may delegate to any officer or
other appropriate person of a Plan Sponsor the authority to take any such
actions as may be specified in such resolution or written direction, other than
the power to amend, modify or terminate the Plan or the Trust or to determine
the basis of any Plan Sponsor contributions.

                                   SECTION 14
                             CLAIM REVIEW PROCEDURE

      14.1 If a Participant or Beneficiary is denied a claim for benefits under
a Plan, the Plan Administrator shall provide to the claimant written notice of
the denial within ninety (90) days after the Plan Administrator receives the
claim, unless special circumstances require an extension of time for processing
the claim. If such an extension of time for processing is required, written
notice of the extension shall be furnished to the claimant prior to the
termination of the initial 90-day period. In no event shall the extension exceed
a period of ninety (90) days from the end of such initial period. The extension
notice shall indicate the special circumstances requiring an extension of time
and the date by which the Plan Administrator expects to render the final
decision.

      14.2 If the claimant is denied a claim for benefits, the Plan
Administrator shall provide, within the time frame set forth in Plan Section
13.1, written notice of the denial which shall set forth:

            (a) the specific reasons for the denial;

            (b) specific references to the pertinent provisions of the Plan on
      which the denial is based;

            (c) a description of any additional material or information
      necessary for the claimant to perfect the claim and an explanation of why
      the material or information is necessary; and

            (d) an explanation of the Plan's claim review procedure.

      14.3 After receiving written notice of the denial of a claim or that a
domestic relations order is a qualified domestic relations order, a claimant or
his representative may:

                                       39
<PAGE>

            (a) request a full and fair review of the denial or determination
      that a domestic relations order is a qualified domestic relations order by
      written application to the Plan Administrator;

            (b) review pertinent documents; and

            (c) submit issues and comments in writing to the Plan Administrator.

      14.4 If the claimant wishes a review of the decision denying his claim to
benefits under the Plan or if a claimant wishes to appeal a decision that a
domestic relations order is a qualified domestic relations order, the claimant
must deliver the written application to the Plan Administrator within sixty (60)
days after receiving written notice of the denial or notice that the domestic
relations order is a qualified domestic relations order. Delivery shall be
considered effected only upon actual receipt by the Plan Administrator.

      14.5 Upon receiving the written application for review, the Plan
Administrator may schedule a hearing for purposes of reviewing the claimant's
claim, which hearing shall take place not more than thirty (30) days from the
date on which the Plan Administrator received the written application for
review.

      14.6 At least ten (10) days prior to the scheduled hearing, the claimant
and his representative designated in writing by him, if any, shall receive
written notice of the date, time, and place of the scheduled hearing. The
claimant or his representative may request that the hearing be rescheduled for
his convenience on another reasonable date or at another reasonable time or
place.

      14.7 All claimants requesting a review of the decision denying their claim
for benefits may employ counsel for purposes of the hearing.

      14.8 No later than sixty (60) days following the receipt of the written
application for review, the Plan Administrator shall submit its decision on the
review in writing to the claimant involved and to his representative, if any;
provided, however, a decision on the written application for review may be
extended, in the event special circumstances such as the need to hold a hearing
require an extension of time, to a day no later than one hundred twenty (120)
days after the date of receipt of the written application for review. The
decision shall include specific reasons for the decision and specific references
to the pertinent provisions of the Plan on which the decision is based.

                                   SECTION 15
                 INCOMPETENT DISTRIBUTEE AND UNCLAIMED PAYMENTS

      15.1 No benefit which shall be payable under the Plan to any person shall
be subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance or charge, and any attempt to anticipate,
alienate, sell, transfer, assign, pledge, encumber or charge the same shall be
void; and no such benefit shall in any manner be liable for, or subject to, the
debts,

                                       40
<PAGE>

contracts, liabilities, engagements or torts of any person, nor shall it be
subject to attachment or legal process for, or against, such person, and the
same shall not be recognized under the Plan, except to such extent as may be
required by law. Notwithstanding the above, this Section shall not apply to a
"qualified domestic relations order" (as defined in Code Section 414(p)), and
benefits may be paid pursuant to the provisions of such an order. The Plan
Administrator shall develop procedures (in accordance with applicable federal
regulations) to determine whether a domestic relations order is qualified, and,
if so, the method and the procedures for complying therewith. In addition, a
distribution to an "alternate payee" (as defined in Code Section 414(p)) shall
be permitted if such distribution is authorized by a qualified domestic
relations order, even if the affected Participant has not yet separated from
service and has not yet reached the "earliest retirement age" (as defined in
Code Section 414(p)).

      15.2 Notwithstanding any other provision of the Plan, the benefit of a
Participant shall be subject to legal process and may be assigned, alienated or
attached pursuant to a court judgment or settlement provided:

            (a) such Participant is ordered or required to pay the Plan in
      accordance with the following:

                  (1) a judgment or conviction for a crime involving the Plan;

                  (2) a civil judgment entered by a court in an action brought
            in connection with a violation of part 4 of subtitle B of Title I of
            ERISA; or

                  (3) a settlement agreement between such Participant and the
            Secretary of Labor, in connection with a violation (or alleged
            violation) of part 4 of subtitle B of Title I of ERISA by a
            fiduciary or any other person; and

            (b) the judgment, order, decree, or settlement agreement shall
      expressly provide for the offset of all or part of the amount ordered or
      required to be paid to the Plan against such Participant's benefits under
      the Plan.

      15.3 If any person who shall be entitled to any benefit under the Plan
shall become bankrupt or shall attempt to anticipate, alienate, sell, transfer,
assign, pledge, encumber or charge such benefit under the Plan, then the payment
of any such benefit in the event a Participant or Beneficiary is entitled to
payment shall, in the discretion of the Plan Administrator, cease and terminate
and in that event the Trustee shall hold or apply the same for the benefit of
such person, his spouse, children, other dependents or any of them in such
manner and in such proportion as the Plan Administrator shall determine.

      15.4 Whenever any benefit which shall be payable under the Plan is to be
paid to or for the benefit of any person who is then a minor or determined to be
incompetent by qualified medical advice, the Plan Administrator need not require
the appointment of a guardian or custodian, but shall be authorized to cause the
same to be paid over to the person having custody of such minor or incompetent,
or to cause the same to be paid to such minor or incompetent without the
intervention of a guardian or custodian, or to cause the same to be paid to a
legal

                                       41
<PAGE>

guardian or custodian of such minor or incompetent if one has been appointed or
to cause the same to be used for the benefit of such minor or incompetent.

      15.5 If the Plan Administrator cannot ascertain the whereabouts of any
Participant to whom a payment is due under the Plan, the Plan Administrator may
direct that the payment and all remaining payments otherwise due to the
Participant be cancelled on the records of the Plan and the amount thereof
applied as a forfeiture in accordance with Plan Sections 3.4 except that, in the
event the Participant later notifies the Plan Administrator of his whereabouts
and requests the payments due to him under the Plan, the forfeited amount shall
be restored either from Trust income or by a special contribution by the Plan
Sponsor to the Plan, as determined by the Plan Administrator, in an amount equal
to the payment to be paid to the Participants.

                                   SECTION 16
                          PROHIBITION AGAINST DIVERSION

      At no time shall any part of the Fund be used for or diverted to purposes
other than the exclusive benefit of the Participants or their Beneficiaries,
subject, however, to the payment of all taxes and administrative expenses and
subject to the provisions of the Plan with respect to returns of contributions.
Expenses incurred in the administration of the Plan shall be paid from the
Trust, to the extent permitted by ERISA, unless such expenses are paid by the
Plan Sponsor; provided, further, that the Plan Sponsor may be reimbursed by the
Fund, to the extent permitted by ERISA, for Plan expenses originally paid by the
Plan Sponsor.

                                   SECTION 17
                              LIMITATION OF RIGHTS

      Participation in the Plan shall not give any Employee any right or claim
except to the extent that such right is specifically fixed under the terms of
the Plan. The adoption of the Plan and the Trust by any Plan Sponsor shall not
be construed to give any Employee a right to be continued in the employ of a
Plan Sponsor or as interfering with the right of a Plan Sponsor to terminate the
employment of any Employee at any time.

                                   SECTION 18
                       AMENDMENT TO OR TERMINATION OF THE
                               PLAN AND THE TRUST

      18.1 The Primary Sponsor reserves the right at any time to modify or amend
or terminate the Plan or the Trust in whole or in part; provided, however, that
the Primary Sponsor shall have no power to modify or amend the Plan in such
manner as would cause or permit any portion of the funds held under a Plan to be
used for, or diverted to, purposes other than for the exclusive benefit of
Participants or their Beneficiaries, or as would cause or permit any portion of
a fund held under the Plan to become the property of a Plan Sponsor; and
provided further, that the duties or liabilities of the Trustee shall not be
increased without its written consent. No such modifications or amendments shall
have the effect of retroactively changing or depriving

                                       42
<PAGE>

Participants or Beneficiaries of rights already accrued under the Plan. No Plan
Sponsor other than the Primary Sponsor shall have the right to so modify, amend
or terminate the Plan or the Trust. Notwithstanding the foregoing, each Plan
Sponsor may terminate its own participation in the Plan and Trust pursuant to
the Plan.

      18.2 Each Plan Sponsor other than the Primary Sponsor shall have the right
to terminate its participation in the Plan and Trust by resolution of its board
of directors or other appropriate governing body and notice in writing to the
Primary Sponsor and the Trustee unless such termination would result in the
disqualification of the Plan or the Trust or would adversely affect the exempt
status of the Plan or the Trust as to any other Plan Sponsor. If contributions
by or on behalf of a Plan Sponsor are completely terminated, the Plan and Trust
shall be deemed terminated as to such Plan Sponsor. Any termination by a Plan
Sponsor, shall not be a termination as to any other Plan Sponsor.

      18.3 (a) If the Plan is terminated by the Primary Sponsor or if
      contributions to the Trust should be permanently discontinued, it shall
      terminate as to all Plan Sponsors and the Fund shall be used, subject to
      the payment of expenses and taxes, for the benefit of Participants and
      Beneficiaries, and for no other purposes, and the Account of each affected
      Participant shall be fully vested and nonforfeitable, notwithstanding the
      provisions of the Section of the Plan which sets forth the vesting
      schedule.

            (b) In the event of the partial termination of the Plan, each
      affected Participant's Account shall be fully vested and nonforfeitable,
      notwithstanding the provisions of the Section of the Plan that sets forth
      the vesting schedule.

      18.4 In the event of the termination of the Plan or the Trust with respect
to a Plan Sponsor, the Accounts of the Participants with respect to the Plan as
adopted by such Plan Sponsor shall be distributed in lump sum payments pursuant
to the instructions of the Plan Administrator; provided that the Trustee shall
not be required to make any distribution until it receives a copy of an Internal
Revenue Service determination letter to the effect that the termination does not
affect the qualified status of the Plan or the exempt status of the Trust or, in
the event that such letter is applied for and is not issued, until the Trustee
is reasonably satisfied that adequate provision has been made for the payment of
all taxes which may be due and owing by the Trust.

      18.5 In the case of any merger or consolidation of the Plan with, or any
transfer of the assets or liabilities of the Plan to, any other plan qualified
under Code Section 401, the terms of the merger, consolidation or transfer shall
be such that each Participant would receive (in the event of termination of the
Plan or its successor immediately thereafter) a benefit which is no less than
the benefit which the Participant would have received in the event of
termination of the Plan immediately before the merger, consolidation or
transfer.

      18.6 Notwithstanding any other provision of the Plan, an amendment to the
Plan -

                                       43
<PAGE>

            (a) which eliminates or reduces an early retirement benefit, if any,
      or which eliminates or reduces a retirement-type subsidy (as defined in
      regulations issued by the Department of the Treasury), if any, or

            (b) which eliminates an optional form of benefit

shall not be effective with respect to benefits attributable to service before
the amendment is adopted, except as outlined in Section 9.6 above or as effected
in compliance with Regulations issued by the Secretary of the Treasury. In the
case of a retirement-type subsidy described in Subsection (a) above, this
Section shall be applicable only to a Participant who satisfies, either before
or after the amendment, the preamendment conditions for the subsidy.

                                   SECTION 19
               ADOPTION OF PLAN BY AFFILIATES AND OTHER COMPANIES

      Any corporation or other business entity related to the Primary Sponsor by
function or operation and any Affiliate, if the corporation, business entity or
Affiliate is authorized to do so by written direction adopted by the Board of
Directors, may adopt the Plan and the related Trust by action of the board of
directors or other appropriate governing body of such corporation, business
entity or Affiliate. Any adoption shall be evidenced by certified copies of the
resolutions of the foregoing board of directors or governing body indicating the
adoption and by the execution of the Trust by the adopting corporation, or
business entity or Affiliate. The resolution shall state and define the
effective date of the adoption of the Plan by the Plan Sponsor and, for the
purpose of Code Section 415, the "limitation year" as to such Plan Sponsor.
Notwithstanding the foregoing, however, if the Plan and Trust as adopted by an
Affiliate or other corporation or business entity under the foregoing provisions
shall fail to receive the initial approval of the Internal Revenue Service as a
qualified Plan and Trust under Code Sections 401(a) and 501(a), any
contributions by the Affiliate or other corporation or business entity after
payment of all expenses will be returned to such Plan Sponsor free of any trust,
and the Plan and Trust shall terminate, as to the adopting Affiliate or other
corporation or business entity.

                                   SECTION 20
                    QUALIFICATION AND RETURN OF CONTRIBUTIONS

      20.1 If the Plan and the related Trust fail to receive the initial
approval of the Internal Revenue Service as a qualified plan and trust within
one (1) year after the date of denial of qualification (a) the contribution of a
Plan Sponsor after payment of all expenses will be returned to a Plan Sponsor
free of the Plan and Trust, (b) contributions made by a Participant shall be
returned to the Participant who made the contributions, and (c) the Plan and
Trust shall thereupon terminate.

      20.2 All Plan Sponsor contributions to the Plan are contingent upon
deductibility. To the extent permitted by the Code and other applicable laws and
regulations thereunder, upon a

                                       44
<PAGE>

Plan Sponsor's request, a contribution which was made by reason of a mistake of
fact or which was nondeductible under Code Section 404, shall be returned to a
Plan Sponsor within one (1) year after the payment of the contribution, or the
disallowance of the deduction (to the extent disallowed), whichever is
applicable.

      20.3 In the event of a contribution which was made by reason of a mistake
of fact or which was nondeductible, the amount to be returned to the Plan
Sponsor shall be the excess of the contribution above the amount that would have
been contributed had the mistake of fact or the mistake in determining the
deduction not occurred, less any net loss attributable to the excess. Any net
income attributable to the excess shall not be returned to the Plan Sponsor. No
return of any portion of the excess shall be made to the Plan Sponsor if the
return would cause the balance in a Participant's Account to be less than the
balance would have been had the mistaken contribution not been made.

                                   SECTION 21
                  SECTION 16 OF SECURITIES EXCHANGE ACT OF 1934

      Notwithstanding any other provision of this Plan, the provisions of this
Plan set forth the formula or formulas that determine the amount, price or
timing of awards to persons subject to the reporting requirements of Section 16
of the Securities Exchange Act of 1934 (the "Act") and any other provisions of
the Plan of the type referred to in Section 16b-3(c)(2)(ii) of the Act shall not
be amended more than once every six months, other than to comport with changes
in the Code, ERISA, or the rules thereunder. Further, to the extent required,
the persons described in the preceding sentence shall be subject to such
withdrawal, investment and other restrictions necessary to satisfy Rule 16b-3
under the Act. This Section 20 is intended to comply with Rule 16b-3 under the
Act and shall be effective only to the extent required by such rule and shall be
interpreted and administered in accordance with such rule.

                                   SECTION 22
                      INCORPORATION OF SPECIAL LIMITATIONS

      Appendices A, B, and C to the Plan, attached hereto, are incorporated by
reference and the provisions of the same shall apply notwithstanding anything to
the contrary contained herein.

                                       45
<PAGE>

      WHEREOF, the Primary Sponsor has caused this indenture to be executed as
of the date first above written.

                                       By: _____________________________________

                                       Title: __________________________________

ATTEST:

_____________________________________

Title: ______________________________

                                       46
<PAGE>

                                   APPENDIX A
                            LIMITATION ON ALLOCATIONS

                                    SECTION 1

      The "annual addition" for any Participant for any one limitation year may
not exceed the lesser of:

            (a) $30,000 ($35,000 for the Plan Year beginning in 2001), as
      adjusted for changes in the cost of living as provided in regulations
      issued by the Secretary of the Treasury; or

            (b) 25% of the Participant's Annual Compensation.

                                    SECTION 2

      For the purposes of this Appendix A, the term "annual addition" for any
Participant means for any limitation year, the sum of certain Plan Sponsor,
Affiliate, and Participant contributions, forfeitures, and other amounts as
determined in Code Section 415(c)(2) in effect for that limitation year.

                                    SECTION 3

      Effective until December 31, 1999, in the event that a Plan Sponsor or an
Affiliate maintains a defined benefit plan under which a Participant also
participates, the sum of the defined benefit plan fraction and the defined
contribution plan fraction for any limitation year for any Participant may not
exceed 1.0.

      (a) The defined benefit plan fraction for any limitation year is a
      fraction;

                  (1) the numerator of which is the projected annual benefit of
            the Participant under the defined benefit plan (determined as of the
            close of such year); and

                  (2) the denominator of which is the lesser of:

                        (A) the product of 1.25, multiplied by the maximum
                  annual benefit allowable under Code Section 415(b)(1)(A), or

                        (B) the product of

                              (i) 1.4, multiplied by

                                       A-1
<PAGE>

                              (ii) the maximum amount which may be taken into
                        account under Section 415(b)(1)(B) of the Code with
                        respect to the Participant under the defined benefit
                        plan for the limitation year (determined as of the close
                        of the limitation year).

            (b) The defined contribution plan fraction for any limitation year
      is a fraction:

                  (1) the numerator of which is the sum of a Participant's
            annual additions as of the close of the year; and

                  (2) the denominator of which is the sum of the lesser of the
            following amounts, determined for the year and for all prior
            limitation years during which the Participant was employed by a Plan
            Sponsor or an Affiliate:

                        (A) the product of 1.25, multiplied by the dollar
                  limitation in effect under Code Section 415(c)(1)(A) for the
                  limitation year (determined without regard to Section
                  415(c)(6) of the Code); or

                        (B) the product of:

                              (i) 1.4, multiplied by

                              (ii) the amount which may be taken into account
                        under Code Section 415(c)(1)(B) (or Code Section
                        415(c)(7), if applicable) with respect to the
                        Participant for the limitation year.

                                    SECTION 4

            For purposes of this Appendix A, the term "limitation year" shall
mean a Plan Year unless a Plan Sponsor elects, by adoption of a written
resolution, to use any other twelve month period adopted in accordance with
regulations issued by the Secretary of the Treasury.

                                    SECTION 5

            For purposes of applying the limitations of this Appendix A, all
defined contribution plans maintained or deemed to be maintained by a Plan
Sponsor shall be treated as one defined contribution plan, and all defined
benefit plans now or previously maintained or deemed to be maintained by the
Plan Sponsor shall be treated as one defined benefit plan. In the event any of
the actions to be taken pursuant to Section 6 of this Appendix A or pursuant to
any language of similar import in another defined contribution plan are required
to be taken as a result of the annual additions of a Participant exceeding the
limitations set forth in Section 1 of this Appendix A, because of the
Participant's participation in more than one defined contribution plan, the
actions shall be taken first with regard to this Plan.

                                       A-2
<PAGE>

                                    SECTION 6

      In the event that as a result of the allocation of forfeitures to the
Account of a Participant, a reasonable error in estimating the Participant's
Annual Compensation or other similar circumstances, the annual addition
allocated to the Account of a Participant exceeds the limitations set forth in
Section 1 of this Appendix A or in the event that the aggregate contributions
made on behalf of a Participant under both a defined benefit plan and a defined
contribution plan, subject to the reduction of allocations in other defined
contribution plans required by Section 5 of this Appendix A, cause the aggregate
limitation fraction set forth in Section 3 of this Appendix A to be exceeded,
the Plan Administrator shall, in writing, direct the Trustee to take such of the
following actions as the Plan Administrator shall deem appropriate, specifying
in each case the amount or amounts of contributions involved:

            (a) A Participant's annual addition shall be reduced by distributing
      to the Participant After-Tax Contributions made by the Participant which
      cause the annual addition to exceed such limitations;

            (b) If further reduction is necessary, contributions made by the
      Plan Sponsor on behalf of the Participant pursuant to Plan Section 3.1
      with respect to which no contribution is made under Plan Section 3.2 shall
      be reduced in the amount of the remaining excess and distributed to the
      Participant;

            (c) If further reduction is necessary, contributions made by the
      Plan Sponsor on behalf of the Participant pursuant to Plan Section 3.1 and
      contributions of the Plan Sponsor thereon pursuant to Plan Section 3.2
      shall be reduced in the amount of the remaining excess. The amount of the
      reduction under Plan Section 3.1 shall be distributed to the Participant.
      The amount of the reduction under Plan Section 3.2 shall be reallocated to
      the Matching Accounts of Participants who are not affected by the
      limitation in the same proportion as the contribution of the Plan Sponsor
      for the year is allocated under Plan Section 4.1 to the Accounts of such
      Participants;

            (d) If further reduction is necessary, forfeitures allocated to the
      Participant's Account shall be reduced by the amount of the remaining
      excess. The amount of the reduction shall be reallocated to the Accounts
      of Participants who are not affected by the limitations in the same
      proportions as the contributions of the Plan Sponsor for the Plan Year are
      allocated to the Accounts of such Participants; and

            (e) If the contribution of the Plan Sponsor and forfeitures would
      cause the annual addition to exceed the limitations set forth herein with
      respect to all Participants under the Plan, the portion of such
      contribution in excess of the limitations shall be segregated in a
      suspense account. While the suspense account is maintained, (1) no Plan
      Sponsor contributions under the Plan shall be made which would be
      precluded by this Appendix A, (2) income, gains and loses of the Fund
      shall not be allocated to such suspense account and (3) amounts in the
      suspense account shall be allocated in

                                       A-3
<PAGE>

      subsequent limitation years as Plan Sponsor contributions and forfeitures
      under the Plan as of each Valuation Date on which Plan Sponsor
      contributions may be allocated for each such limitation year until the
      suspense account is exhausted. In the event of the termination of the
      Plan, the amounts in the suspense account shall be returned to the Plan
      Sponsor to the extent that such amounts may not then be allocated to
      Participants' Accounts.

                                       A-4
<PAGE>

                                   APPENDIX B
                              TOP-HEAVY PROVISIONS

                                    SECTION 1

      As used in this Appendix B, the following words shall have the following
meanings:

            (a) "Determination Date" means, with respect to any Plan Year, the
      last day of the preceding Plan Year, or, in the case of the first Plan
      Year, means the last day of the first Plan Year.

            (b) "Key Employee" means an Employee or former Employee (including a
      Beneficiary of a Key Employee or former Key Employee) who at any time
      during the Plan Year containing the Determination Date or, for Plan Years
      beginning before January 1, 2002, any of the four (4) preceding Plan
      Years:

                  (1) Was at any time an officer of the Plan Sponsor or of any
            Affiliate whose Annual Compensation was greater than fifty percent
            (50%) of the amount in effect under Code Section 415(b)(1)(A) for
            the calendar year in which the Plan Year ends, where the term
            "officer" means an administrative executive in regular and continual
            service to the Plan Sponsor or Affiliate. In no event, however,
            shall the number of officers exceed the lesser of Clause (A) or (B)
            of this Subparagraph (1), where:

                        (A) equals fifty (50) Employees; and

                        (B) equals the greater of (I) three (3) Employees or
                  (II) ten percent (10%) of the number of Employees during the
                  Plan Year, with any non-integer being increased to the next
                  integer.

                  If for any year no officer of the Plan Sponsor meets the
            requirements of this Subparagraph (b), the highest paid officer of
            the Plan Sponsor for the Plan Year shall be considered an officer
            for purposes of this Subparagraph (b)(1);

                  (2) Was one of the ten (10) Employees owning both (A) more
            than one-half percent (1/2%) of the outstanding stock of the Plan
            Sponsor or an Affiliate, more than one-half percent (1/2%) of the
            total combined voting power of all stock of the Plan Sponsor or an
            Affiliate, or more than one-half percent (1/2%) of the capital or
            profits interest in the Plan Sponsor or an Affiliate, and (B) the
            largest percentage ownership interests in the Plan Sponsor or any of
            its Affiliates, and whose Annual Compensation is equal to or greater
            than the amount in effect under Section l(a) of Appendix A to the
            Plan for the calendar year in which the Determination Date falls; or

                                      B-1
<PAGE>

                  (3) Was an owner of more than five percent (5%) of the
            outstanding stock of the Plan Sponsor or an Affiliate or more than
            five percent (5%) of the total combined voting power of all stock of
            the Plan Sponsor or an Affiliate; or

                  (4) Was an owner of more than one percent (1%) of the
            outstanding stock of the Plan Sponsor or an Affiliate or more than
            one percent (1%) of the total combined voting power of all stock of
            the Plan Sponsor or an Affiliate, and who in such Plan Year had
            Annual Compensation from the Plan Sponsor and all of its Affiliates
            of more than $150,000.

      Employees other than Key Employees are sometimes referred to in this
      Appendix B, as "non-key employees."

            (c) "Required Aggregation Group" means:

                  (1) each plan of the Plan Sponsor and its Affiliates which
            qualifies under Code Section 401(a) in which a Key Employee is a
            participant, and

                  (2) each other plan of the Plan Sponsor and its Affiliates
            which qualifies under Code Section 401(a) and which enables any plan
            described in Subsection (a) of this Section to meet the requirements
            of Section 401(a)(4) or 410 of the Code.

            (d) (1) "Top-Heavy" means:

                        (A) if the Plan is not included in a Required
                  Aggregation Group, the Plan's condition in a Plan Year for
                  which, as of the Determination Date:

                              (i) the present value of the cumulative Accounts
                        under the Plan for all Key Employees exceeds sixty
                        percent (60%) of the present value of the cumulative
                        Accounts under the Plan for all Participants; and

                              (ii) the Plan, when included in every potential
                        combination, if any, with any or all of:

                                    (I) any Required Aggregation Group, and

                                   (II) any plan of the Plan Sponsor which is
                              not part of any Required Aggregation Group and
                              which qualifies under Code Section 401 (a)

                        is part of a Top-Heavy Group (as defined in Paragraph
                        (2) of this Subsection); and

                                      B-2
<PAGE>

                        (B) if the Plan is included in a Required Aggregation
                  Group, the Plan's condition in a Plan Year for which, as of
                  the Determination Date:

                              (i) the Required Aggregation Group is a Top-Heavy
                        Group (as defined in Paragraph (2) of this Subsection);
                        and

                              (ii) the Required Aggregation Group, when included
                        in every potential combination, if any, with any or all
                        of the plans of the Plan Sponsor and its Affiliates
                        which are not part of the Required Aggregation Group and
                        which qualify under Code Section 401(a), is part of a
                        Top-Heavy Group (as defined in Paragraph (2) of this
                        Subsection).

                        (C) For purposes of Subparagraphs (A)(ii) and (B)(ii) of
                  this Paragraph (1), any combination of plans must satisfy the
                  requirements of Sections 401(a)(4) and 410 of the Code.

                  (2) A group shall be deemed to be a Top-Heavy Group if:

                        (A) the sum, as of the Determination Date, of the
                  present value of the cumulative accrued benefits for all Key
                  Employees under all plans included in such group exceeds

                        (B) sixty percent (60%) of a similar sum determined for
                  all participants in such plans.

                  (3) (A) For purposes of this Section, the present value of the
                  accrued benefit for any participant in a defined contribution
                  plan as of any Determination Date or last day of a plan year
                  shall be the sum of:

                              (i) as to any defined contribution plan other than
                        a simplified employee pension, the account balance as of
                        the most recent valuation date occurring within the plan
                        year ending on the Determination Date or last day of a
                        plan year, and

                              (ii) as to any simplified employee pension, the
                        aggregate employer contributions, and

                              (iii) an adjustment for contributions due as of
                        the Determination Date or last day of a plan year.

                  In the case of a plan that is not subject to the minimum
                  funding requirements of Code Section 412, the adjustment in
                  Clause (iii) of this Subparagraph (A) shall be the amount of
                  any contributions actually made after the valuation date but
                  on or before the Determination Date or last day

                                      B-3
<PAGE>

                  of the plan year to the extent not included under Clause (i)
                  or (ii) of this Subparagraph (A); provided, however, that in
                  the first plan year of the plan, the adjustment in Clause
                  (iii) of this Subparagraph (A) shall also reflect the amount
                  of any contributions made thereafter that are allocated as of
                  a date in such first plan year. In the case of a plan that is
                  subject to the minimum funding requirements, the account
                  balance in Clause (i) and the aggregate contributions in
                  Clause (ii) of this Subparagraph (A) shall include
                  contributions that would be allocated as of a date not later
                  than the Determination Date or last day of a plan year, even
                  though those amounts are not yet required to be contributed,
                  and the adjustment in Clause (iii) of this Subparagraph (A)
                  shall be the amount of any contribution actually made (or due
                  to be made) after the valuation date but before the expiration
                  of the extended payment period in Code Section 412(c)(10) to
                  the extent not included under Clause (i) or (ii) of this
                  Subparagraph (A).

                        (B) For purposes of this Subsection, the present value
                  of the accrued benefit for any participant in a defined
                  benefit plan as of any Determination Date or last day of a
                  plan year must be determined as of the most recent valuation
                  date which is within a 12-month period ending on the
                  Determination Date or last day of a plan year as if such
                  participant terminated as of such valuation date; provided,
                  however, that in the first plan year of a plan, the present
                  value of the accrued benefit for a current participant must be
                  determined either (i) as if the participant terminated service
                  as of the Determination Date or last day of a plan year or
                  (ii) as if the participant terminated service as of such
                  valuation date, but taking into account the estimated accrued
                  benefit as of the Determination Date or last day of a plan
                  year. For purposes of this Subparagraph (B), the valuation
                  date must be the same valuation date used for computing plan
                  costs for minimum funding, regardless of whether a valuation
                  is performed that year. The actuarial assumptions utilized in
                  calculating the present value of the accrued benefit for any
                  participant in a defined benefit plan for purposes of this
                  Subparagraph (B) shall be established by the Plan
                  Administrator after consultation with the actuary for the
                  plan, and shall be reasonable in the aggregate and shall
                  comport with the requirements set forth by the Internal
                  Revenue Service in Q&A T-26 and T-27 of Regulation Section
                  1.416-1.

                        (C) For purposes of determining the present value of the
                  cumulative accrued benefit under a plan for any participant in
                  accordance with this Subsection, the present value shall be
                  increased by the aggregate distributions made with respect to
                  the participant (including distributions paid on account of
                  death to the extent they do not exceed the present value of
                  the cumulative accrued benefit existing immediately prior to
                  death) under each plan being considered, and under any
                  terminated plan which if it had not been terminated would have
                  been in a Required Aggregation Group with the Plan, during the
                  5-year period ending on the Determination

                                      B-4
<PAGE>

                  Date or last day of the plan year that falls within the
                  calendar year in which the Determination Date falls.

                        (D) For purposes of this Paragraph (3), participant
                  contributions which are deductible as "qualified retirement
                  contributions" within the meaning of Code Section 219 or any
                  successor, as adjusted to reflect income, gains, losses, and
                  other credits or charges attributable thereto, shall not be
                  considered to be part of the accrued benefits under any plan.

                        (E) For purposes of this Paragraph (3), if any employee
                  is not a Key Employee with respect to any plan for any plan
                  year, but such employee was a Key Employee with respect to
                  such plan for any prior plan year, any accrued benefit for
                  such employee shall not be taken into account.

                        (F) For purposes of this Paragraph (3), if any employee
                  has not performed any service for any Plan Sponsor or
                  Affiliate maintaining the plan during the five-year period
                  ending on the Determination Date, any accrued benefit for that
                  employee shall not be taken into account.

                        (G) (i) In the case of an "unrelated rollover" (as
                        defined below) between plans which qualify under Code
                        Section 401(a), (a) the plan providing the distribution
                        shall count the distribution as a distribution under
                        Subparagraph (C) of this Paragraph (3), and (b) the plan
                        accepting the distribution shall not consider the
                        distribution part of the accrued benefit under this
                        Section; and

                            (ii) in the case of a "related rollover" (as defined
                        below) between plans which qualify under Code Section
                        401(a), (a) the plan providing the distribution shall
                        not count the distribution as a distribution under
                        Subparagraph (C) of this Paragraph (3), and (b) the plan
                        accepting the distribution shall consider the
                        distribution part of the accrued benefit under this
                        Section.

                        For purposes of this Subparagraph (G), an "unrelated
                        rollover" is a rollover as defined in Code Section
                        402(c)(4) or 408(d)(3) or a plan-to-plan transfer which
                        is both initiated by the participant and made from a
                        plan maintained by one employer to a plan maintained by
                        another employer where the employers are not Affiliates.
                        For purposes of this Subparagraph (G), a "related
                        rollover" is a rollover as defined in Code Section
                        402(c)(4) or 408(d)(3) or a plan-to-plan transfer which
                        is either not initiated by the participant or made to a
                        plan maintained by the employer or an Affiliate.

                                      B-5
<PAGE>

                                    SECTION 2

            (a) Notwithstanding anything contained in the Plan to the contrary,
      except as otherwise provided in Subsection (b) of this Section, in any
      Plan Year during which the Plan is Top-Heavy, allocations of Plan Sponsor
      contributions and forfeitures for the Plan Year for the Account of each
      Participant who is not a Key Employee and who has not separated from
      service with the Plan Sponsor prior to the end of the Plan Year shall not
      be less than three percent (3%) of the Participant's Annual Compensation.
      For purposes of this Subsection, an allocation to a Participant's Account
      resulting from any Plan Sponsor contribution attributable to a salary
      reduction or similar arrangement shall not be taken into account.

            (b) (1) The percentage referred to in Subsection (a) of this Section
            for any Plan Year shall not exceed the percentage at which
            allocations are made or required to be made under the Plan for the
            Plan Year for the Key Employee for whom the percentage is highest
            for the Plan Year. For purposes of this Paragraph, an allocation to
            the Account of a Key Employee resulting from any Plan Sponsor
            contribution attributable to a salary reduction or similar agreement
            shall be taken into account.

                  (2) For purposes of this Subsection (b), all defined
            contribution plans that are members of a Required Aggregation Group
            shall be treated as part of the Plan.

                  (3) This Subsection (b) shall not apply to any plan that is a
            member of a Required Aggregation Group if the plan enables a defined
            benefit plan that is a member of the Required Aggregation Group to
            meet the requirements of Code Section 401(a)(4) or 410.

                  (4) If the Plan Sponsor maintains a defined benefit plan which
            is qualified under Code Section 401(a) and which would be Top-Heavy
            within the meaning of the Plan for its plan year ending within or
            coincident with the Plan Year, no allocation shall be made pursuant
            to Subsection (a) of this Section on behalf of any Participant who
            participates in the defined benefit plan and acquires a year of
            service within the meaning of paragraphs (4), (5) and (6) of Code
            Section 411(a) under the defined benefit plan for the plan year, if
            the defined benefit plan provides generally that the accrued benefit
            of the Participant when expressed as an annual retirement benefit
            shall not, when expressed as a percentage of the Participant's
            Annual Compensation, be less than the lesser of (A) 2 percent
            multiplied by the number of such years of service in plan years
            during which such plan was Top-Heavy, or (B) 20 percent.

                                      B-6
<PAGE>

                                    SECTION 3

      Effective until December 31, 1999, in any limitation year (as defined in
Section 4 of Appendix A to the Plan) which contains any portion of a Plan Year
in which the Plan is Top-Heavy, the number "1.0" shall be substituted for the
number "1.25" in Section 3 of Appendix A to the Plan.

                                    SECTION 4

      Notwithstanding anything contained in the Plan to the contrary, in any
Plan Year during which the Plan is Top-Heavy, a Participant's interest in his
Account shall not vest at any rate which is slower than the following schedule,
effective as of the first day of that Plan Year:

<TABLE>
<CAPTION>
 Full Years of   Percentage
Vesting Service    Vested
---------------  ----------
<S>              <C>
  Less than 2         0%
       2             20%
       3             40%
       4             60%
       5             80%
   6 or more        100%
</TABLE>

The Schedule set forth above in this Section 4 shall be inapplicable to a
Participant who has failed to perform an Hour of Service after the Determination
Date on which the Plan has become Top-Heavy. When the Plan ceases to be
Top-Heavy, the Schedule set forth above in this Section 4 shall cease to apply;
provided however, that the provisions of the Plan Section dealing with changes
in the vesting schedule shall apply.

                                      B-7
<PAGE>

                                   APPENDIX C
                         SPECIAL NONDISCRIMINATION RULES

                                    SECTION 1

      As used in this Appendix, the following words shall have the following
meanings:

            (a) "Eligible Participant" means a Participant who is an Employee
      during any particular Plan Year.

            (b) "Highly Compensated Eligible Participant" means any Eligible
      Participant who is a Highly Compensated Employee.

            (c) "Matching Contribution" means any contribution made by a Plan
      Sponsor to a Matching Account and any other contribution made to a plan by
      a Plan Sponsor or an Affiliate on behalf of an Employee on account of a
      contribution made by an Employee or on account of an Elective Deferral.

            (d) "Qualified Matching Contributions" means Matching Contributions
      which are immediately nonforfeitable when made, and which would be
      nonforfeitable, regardless of the age or service of the Employee or
      whether the Employee is employed on a certain date, and which may not be
      distributed, except upon one of the events described under Section
      401(k)(2)(B) of the Code and the regulations thereunder.

            (e) "Qualified Nonelective Contributions" means contributions of the
      Plan Sponsor or an Affiliate, other than Matching Contributions or
      Elective Deferrals, which are nonforfeitable when made, and which would be
      nonforfeitable regardless of the age or service of the Employee or whether
      the Employee is employed on a certain date, and which may not be
      distributed, except upon one of the events described under Code Section
      401(k)(2)(B) and the regulations thereunder.

                                    SECTION 2

      In addition to any other limitations set forth in the Plan, for each Plan
Year one of the following tests must be satisfied:

            (a) the actual deferral percentage for the Highly Compensated
      Eligible Participants for the Plan Year must not be more than the actual
      deferral percentage of all other Eligible Participants for the preceding
      Plan Year multiplied by 1.25; or

            (b) the excess of the actual deferral percentage for the Highly
      Compensated Eligible Participants for the Plan Year over that of all other
      Eligible Participants for the preceding Plan Year must not be more than
      two (2) percentage

                                      C-1
<PAGE>

      points, and the actual deferral percentage for the Highly Compensated
      Eligible Participants for the Plan Year must not be more than the actual
      deferral percentage of all other Eligible Participants for the preceding
      Plan Year multiplied by two (2).

The "actual deferral percentage" for the Highly Compensated Eligible
Participants and all other Eligible Participants for a Plan Year is the average
in each group of the ratios, calculated separately for each Employee, of the
Before-Tax Contributions contributed by the Plan Sponsor on behalf of an
Employee for the Plan Year to the Annual Compensation of the Employee in the
Plan Year. In addition, for purposes of calculating the "actual deferral
percentage" as described above, Before-Tax Contributions of Employees who are
not Highly Compensated Employees which are prohibited by Code Section 401(a)(30)
shall not be taken into consideration. Except to the extent limited by Treasury
Regulation section 1.401(k)-l(b)(5) and any other applicable regulations
promulgated by the Secretary of the Treasury, all or part of the Qualified
Matching Contributions and Qualified Nonelective Contributions made pursuant to
the Plan may be treated as Before-Tax Contributions for purposes of determining
the "actual deferral percentage."

                                    SECTION 3

      If the Before-Tax Contributions contributed on behalf of any Highly
Compensated Eligible Participant exceeds the amount permitted under the "actual
deferral percentage" test described in Section 2 of this Appendix C for any
given Plan Year, then before the end of the Plan Year following the Plan Year
for which the Excess Before-Tax Contribution was contributed, (a) the portion of
the Excess Before-Tax Contribution for the Plan Year attributable to a Highly
Compensated Participant, as adjusted to reflect income, gain, or loss
attributable to it through the date the end of the Plan Year for which the test
is being performed and reduced by any excess Elective Deferrals as determined
pursuant to Plan Section 3.1 previously distributed to a Participant for the
Participant's taxable year ending with or within the Plan Year, may be
distributed to the Highly Compensated Eligible Participant or (b) to the extent
provided in regulations issued by the Secretary of the Treasury, the Plan
Administrator may permit the Participant to elect, within two and one-half
months after the end of the Plan Year for which the Excess Before-Tax
Contribution was contributed, to treat the Excess Before-Tax Contribution,
unadjusted for earnings, gains, and losses, but as so reduced, as an amount
distributed to the Participant and then contributed as an after-tax contribution
by the Participant to the Plan ("recharacterized amounts"). The income allocable
to such Excess Before-Tax Contribution shall be determined in a similar manner
as described in Section 4.2 of the Plan. The Excess Before-Tax Contribution to
be distributed or recharacterized shall be reduced by Before-Tax Contributions
previously distributed or recharacterized for the taxable year ending in the
same Plan Year, and shall also be reduced by Before-Tax Contributions previously
distributed or recharacterized for the Plan Year beginning in such taxable year.
For all other purposes under the Plan other than this Appendix C recharacterized
amounts shall continue to be treated as Before-Tax Contributions. In the event
the multiple use of limitations contained in Sections 2(b) and 5(b) of this
Appendix C, pursuant to Treasury Regulations section 1.401(m)-2 as promulgated
by the Secretary of the Treasury, requires a corrective distribution, such

                                      C-2
<PAGE>

distribution shall be made pursuant to this Section 3, and not Section 6 of
Appendix C. The portion of the Matching Contribution on which such Excess
Before-Tax Contribution was based shall be forfeited upon the distribution or
recharacterization, as the case may be, of such Excess Before-Tax Contribution.

            (a) For purposes of this Section 3, "Excess Before-Tax Contribution"
      means, with respect to a Plan Year, the excess of:

                  (1) the aggregate amount of Before-Tax Contributions
            contributed by a Plan Sponsor on behalf of Highly Compensated
            Eligible Participants for the Plan Year, over

                  (2) the maximum amount of Before-Tax Contributions permitted
            under Section 2 of this Appendix C for the Plan Year, which shall be
            determined by reducing the Before-Tax Contributions contributed on
            behalf of Highly Compensated Eligible Participants in order of the
            actual deferral percentages beginning with the highest of such
            percentages.

            (b) Distribution of the Excess Before-Tax Contribution for any Plan
      Year shall be made to Highly Compensated Eligible Participants on the
      basis of the dollar amount of Before-Tax Contributions attributable to
      each Highly Compensated Eligible Participant. The Plan Sponsor shall
      determine the amount of Excess Before-Tax Contributions which shall be
      distributed to each Highly Compensated Eligible Participant as follows.

                  (1) The Before-Tax Contributions allocated to the Highly
            Compensated Eligible Participant with the highest dollar amount of
            Before-Tax Contributions for the Plan Year shall be reduced by the
            amount required to cause that Highly Compensated Eligible
            Participant's remaining Before-Tax Contributions for the Plan Year
            to be equal to the dollar amount of the Before-Tax Contributions
            allocated to the Highly Compensated Eligible Participant with the
            next highest dollar amount of Before-Tax Contributions for the Plan
            Year. This amount is then distributed to the Highly Compensated
            Eligible Participant with the highest dollar amount of Before-Tax
            Contributions, unless a smaller reduction, when added to the total
            dollar amount already distributed pursuant to this Paragraph (1),
            equals the total Excess Before-Tax Contributions.

                  (2) If the total amount distributed under Paragraph (1) of
            this Section 3(b) is less than the total Excess Before-Tax
            Contributions, the procedure in Paragraph (1) shall be successively
            repeated until the total dollar amount distributed is equal to the
            total Excess Before-Tax Contributions attributable to Highly
            Compensated Eligible Participants.

            If a distribution of the Excess Before-Tax Contributions
      attributable to the Highly Compensated Eligible Participants is made in
      accordance with Paragraphs (1) and (2) of this Section, the limitations in
      Section 2 of this Appendix C shall be treated as

                                      C-3
<PAGE>

      being met regardless of whether the actual deferral percentage, if
      recalculated after such distributions, would have satisfied the
      requirements of Section 2.

                                    SECTION 4

      The Plan Administrator shall have the responsibility of monitoring the
Plan's compliance with the limitations of this Appendix C and shall have the
power to take all steps it deems necessary or appropriate to ensure compliance,
including, without limitation, restricting the amount which Highly Compensated
Eligible Participants can elect to have contributed pursuant to Plan Section
3.1. Any actions taken by the Plan Administrator pursuant to this Section 4
shall be pursuant to non-discriminatory procedures consistently applied.

                                    SECTION 5

      In addition to any other limitations set forth in the Plan, Matching
Contributions under the Plan and the amount of nondeductible employee
contributions under the Plan, for each Plan Year must satisfy one of the
following tests:

            (a) The contribution percentage for Highly Compensated Eligible
      Participants for the Plan Year must not exceed 125% of the contribution
      percentage for all other Eligible Participants for the preceding Plan
      Year; or

            (b) The contribution percentage for Highly Compensated Eligible
      Participants for the Plan Year must not exceed the lesser of (1) 200 % of
      the contribution percentage for all other Eligible Participants for the
      preceding Plan Year, and (2) the contribution percentage for all other
      Eligible Participants for the preceding Plan Year plus two (2) percentage
      points.

Notwithstanding the foregoing, for purposes of this Section 5, the terms Highly
Compensated Eligible Participant and Eligible Participant shall not include any
Participant who is not eligible to receive a Matching Contribution under the
provisions of the Plan, other than as a result of the Participant failing to
contribute to the Plan or failing to have an Elective Deferral contributed to
the Plan on the Participant's behalf. Notwithstanding the foregoing, if
Qualified Matching Contributions are taken into account for purposes of applying
the test contained in Section 2 of this Appendix C, they shall not be taken into
account under this Section 5. In applying the above tests, the Plan
Administrator shall comply with any regulations promulgated by the Secretary of
the Treasury which prevent or restrict the use of the test contained in Section
2(b) of this Appendix C and the test contained in Section 5(b) of this Appendix
C. The "contribution percentage" for Highly Compensated Eligible Participants
and for all other Eligible Participants for a Plan Year shall be the average of
the ratios, calculated separately for each Participant, of (A) to (B), where (A)
is the amount of Matching Contributions under the Plan (excluding Qualified
Matching Contributions which are used to apply the test set forth in Section 2
of this Appendix C or Matching Contributions

                                      C-4
<PAGE>

which are used to satisfy the minimum required contributions to the Accounts of
Eligible Participants who are not Key Employees pursuant to Section 1 of
Appendix B to the Plan) and nondeductible employee contributions made under the
Plan for the Eligible Participant for the Plan Year, and where (B) is the Annual
Compensation of the Eligible Participant for the Plan Year. Except to the extent
limited by Treasury Regulation Section 1.401(m)-l(b)(5) and any other applicable
regulations promulgated by the Secretary of the Treasury, a Plan Sponsor may
elect to treat Before-Tax Contributions and Qualified Nonelective Contributions
as Matching Contributions for purpose of determining the "contribution
percentage," provided the Before-Tax Contributions, excluding those treated as
Matching Contributions, satisfy the test set forth in Section 2 of Appendix C.

                                    SECTION 6

      If either (a) the Matching Contributions and, if taken into account under
Section 5 of this Appendix C, the Before-Tax Contributions, Qualified
Nonelective Contributions and/or Qualified Matching Contributions made on behalf
of Highly Compensated Eligible Participants, or (b) the nondeductible employee
contributions made by Highly Compensated Eligible Participants exceed the amount
permitted under the "contribution percentage test" for any given Plan Year,
then, before the close of the Plan Year following the Plan Year for which the
Excess Aggregate Contributions were made, the amount of the Excess Aggregate
Contributions attributable to the Plan for the Plan Year under either Section
(6)(a)(1) or (2), or both, as adjusted to reflect any income, gain or loss
attributable to such contributions through the date the Excess Aggregate
Contributions are distributed shall be distributed or, if the Excess Aggregate
Contributions are forfeitable, forfeited. The income allocable to such
contributions shall be determined in a similar manner as described in Section
4.2 of the Plan. As to any Highly Compensated Employee, any distribution or
forfeiture of his allocable portion of the Excess Aggregate Contributions for a
Plan Year shall first be attributed to any nondeductible employee contributions
made by the Participant during the Plan Year for which no corresponding Plan
Sponsor contribution is made and then to any remaining nondeductible employee
contributions made by the Participant during the Plan Year and any Matching
Contributions thereon. As between the Plan and any other plan or plans
maintained by the Plan Sponsor in which Excess Aggregate Contributions for a
Plan Year are held, each such plan shall distribute or forfeit a pro-rata share
of each class of contribution based on the respective amounts of a class of
contribution made to each plan during the Plan Year. The payment of the Excess
Aggregate Contributions shall be made without regard to any other provision in
the Plan. For Plan Years beginning prior to January 1, 2002, in the event the
multiple use of limitations contained in Sections 2(b) and 5(b) of this Appendix
C, pursuant to Treasury Regulation section 1.401(m)-2 as promulgated by the
Secretary of the Treasury, requires a corrective distribution, such distribution
shall be made pursuant to Section 3 of Appendix C, and not this Section 6.

      For purposes of this Section 6, with respect to any Plan Year, "Excess
Aggregate Contributions" means the excess of:

                                      C-5
<PAGE>

            (a) the aggregate amount of the Matching Contributions and
      nondeductible employee contributions (and any Qualified Nonelective
      Contributions or Qualified Matching Contributions) and, it taken into
      account under Section 5 of this Appendix C, the Before-Tax Contributions
      actually made on behalf of Highly Compensated Eligible Participants for
      the Plan Year, over

            (b) the maximum amount of contributions permitted under the
      limitations of Section 5 of this Appendix C, determined by reducing
      contributions made on behalf of Highly Compensated Eligible Participants
      in order of their contribution percentages beginning with the highest of
      such percentages.

            The determination of the amount of Excess Aggregate Contributions
      under this Section 6 shall be made after (1) first determining the excess
      Elective Deferrals under Section 3.1(b) of the Plan and (2) then
      determining the Excess Before-Tax Contributions under Section 3 of this
      Appendix C.

            (c) Distribution or forfeiture of nondeductible employee
      contributions or Matching Contributions in the amount of the Excess
      Aggregate Contributions for any Plan Year shall be made with respect to
      Highly Compensated Eligible Participants on the basis of the dollar amount
      of the Excess Aggregate Contributions attributable to each Highly
      Compensated Eligible Participant. Forfeitures of Excess Aggregate
      Contributions may not be allocated to Participants whose contributions are
      reduced under this Section 6. The Plan Sponsor shall determine the amount
      of Excess Aggregate Contributions which shall be distributed to each
      Highly Compensated Eligible Participant as follows.

                  (1) The Matching Contributions and nondeductible contributions
            allocated to the Highly Compensated Eligible Participant with the
            highest dollar amount of such contributions for the Plan Year shall
            be reduced by the amount required to cause that Highly Compensated
            Eligible Participant's remaining Matching Contributions and
            nondeductible contributions for the Plan Year to be equal to the
            dollar amount of such contributions allocated to the Highly
            Compensated Eligible Participant with the next highest dollar amount
            of Matching contributions and nondeductible contributions for the
            Plan Year. This amount is then distributed to the Highly Compensated
            Eligible Participant with the highest dollar amount of Matching
            Contributions and nondeductible contributions, unless a smaller
            reduction, when added to the total dollar amount already distributed
            pursuant to this Subsection (1), equals the total Excess Aggregate
            Contributions.

                  (2) If the total amount distributed under Paragraph (1) is
            less than the total Excess Aggregate Contributions, the procedure in
            Paragraph (1) shall be repeated until the total dollar amount of
            Matching Contributions and nondeductible contributions distributed
            is equal to the total Excess Aggregate Contributions attributable to
            Highly Compensated Eligible Participants.

                                      C-6
<PAGE>

            If a distribution of the total Excess Aggregate Contributions is
made in accordance with Paragraphs (1) and (2) of this Section 6(c), the
limitations in Section 5 of this Appendix C shall be treated as being met
regardless of whether the actual contribution percentage, if recalculated after
such distributions, would have satisfied the requirements of Section 5.

                                    SECTION 7

      Except to the extent limited by rules promulgated by the Secretary of the
Treasury, if a Highly Compensated Eligible Participant is a participant in any
other plan of the Plan Sponsor or any Affiliate which includes Matching
Contributions, deferrals under a cash or deferred arrangement pursuant to Code
Section 401(k), or nondeductible employee contributions, any contributions made
by or on behalf of the Participant to the other plan shall be allocated with the
same class of contributions under the Plan for purposes of determining the
"actual deferral percentage" and "contribution percentage" under the Plan;
provided, however, contributions that are made under an "employee stock
ownership plan" (within the meaning of Code Section 4975(e)(7)) shall not be
combined with contributions under any plan which is not an employee stock
ownership plan (within the meaning of Code Section 4975(e)(7)).

Except to the extent limited by rules promulgated by the Secretary of the
Treasury, if the Plan and any other plans which include Matching Contributions,
deferrals under a cash or deferred arrangement pursuant to Code Section 401(k),
or nondeductible employee contributions are considered as one plan for purposes
of Code Section 401(a)(4) and 410(b)(1), any contributions under the other plans
shall be allocated with the same class of contributions under the Plan for
purposes of determining the "contribution percentage" and "actual deferral
percentage" under the Plan; provided, however, contributions that are made under
an "employee stock ownership plan" (within the meaning of Code Section
4975(e)(7)) shall not be combined with contributions under any plan which is not
an employee stock ownership plan (within the meaning of Code Section
4975(e)(7)).

                                    SECTION 8

      Effective January 1, 1999, notwithstanding any other provision in this
Appendix C to the contrary, to the extent otherwise applicable, the limitations
expressed in this Appendix C shall not apply with respect to those Plan Years in
which the Plan satisfies the requirements of Code Sections 401(k)(11) and/or
401(k)(12).

                                      C-7
<PAGE>

                     MEMORANDUM OF ACTION WITHOUT A MEETING
           OF THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF
                     NATIONAL COMMERCE FINANCIAL CORPORATION

                                 August 24, 2004

      The undersigned, being all of the members of the Compensation Committee
(the "Compensation Committee") of the Board of Directors of National Commerce
Financial Corporation, a Tennessee corporation (the "Company"), acting pursuant
to the authority of Section 48-18-202 of the Tennessee Code Annotated, as
amended, hereby consent to the adoption of the following resolutions and approve
and adopt such resolutions with the same force and effect as if they had been
approved and adopted at a duly convened meeting of the Compensation Committee
and direct that the action by unanimous written consent be filed with the
minutes of the proceedings of the Compensation Committee:

      WHEREAS, the Company maintains the National Commerce Financial Corporation
Investment Plan (the "Plan");

      WHEREAS, the Compensation Committee deems it advisable and in the
Company's best interests to amend the Plan as more particularly set forth in
Exhibit A attached hereto (the "Amendment"); and

      WHEREAS, the Amendment shall be deemed a "clarifying amendment" for
purposes of the Plan.

      NOW, THEREFORE, BE IT RESOLVED, that the form, terms and provisions of the
Amendment be, and the Amendment hereby is, approved and adopted in all respects;
and

      FURTHER RESOLVED, that the any officer of the Company is authorized and
empowered in the name and on behalf of the Company to execute the Amendment and
to do or cause to be done all such acts and things and to take all such steps to
carry out the full intent and purposes of the foregoing resolutions.

                            [Signature page follows.]

<PAGE>

      IN WITNESS WHEREOF, the undersigned have signed his memorandum
acknowledging their consent to taking the foregoing action without a meeting and
signifying their affirmative vote for such action as of the date and year first
above written.

                                       _______________________________________
                                       W. Neely Mallory, Jr.

                                       _______________________________________
                                       Thomas C. Farnsworth, Jr.

                                       _______________________________________
                                       David E. Shi

                                       _______________________________________
                                       Eugene J. McDonald

                                       _______________________________________
                                       Eric B. Munson

                                       _______________________________________
                                       Phillip H. McNeil, Sr.

                                       _______________________________________
                                       J. Bradbury Reed

<PAGE>

                                    EXHIBIT A

                             FOURTH AMENDMENT TO THE
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                                 INVESTMENT PLAN

                                 [SEE ATTACHED.]

<PAGE>

                             FOURTH AMENDMENT TO THE
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                                 INVESTMENT PLAN

      THIS FOURTH AMENDMENT is made on this 24th day of August, 2004, by
National Commerce Financial Corporation, a corporation duly organized and
existing under the laws of the State of Tennessee (the "Primary Sponsor").

                              W I T N E S S E T H:

      WHEREAS, the Primary Sponsor maintains the National Commerce Financial
Corporation Investment Plan (the "Plan") which was last amended on June 23,
2003;

      WHEREAS, the Primary Sponsor wishes to amend the Plan to clarify that all
decisions related to elections with respect to any consideration received in
exchange for shares of Company stock in connection with any corporate
transaction are determined solely by the trustee under the Plan; and

      WHEREAS, such amendment shall be deemed a "clarifying amendment" for
purposes of the Plan.

      NOW, THEREFORE, the Primary Sponsor does hereby amend the Plan effective
as of the day and year first written above:

      8. By deleting the existing Section 12.4(b) and substituting therefore the
following:

            a. All decisions affecting Company Stock held under the Fund which
do not Involve voting of such Company Stock, including, without limitation,
decisions to reject or consent to tender or exchange offers and similar
decisions, shall be determined by the Trustee in the same manner as voting
decisions as described in Subparagraph (a) above. For the avoidance of doubt,
for purposes of this Section 12.4, any decisions related to elections with
respect to the consideration received in exchange for Company Stock in
connection with any corporate transaction shall not be deemed a decision
affecting Company Stock, and any such election decision shall be determined
solely by the Trustee.

      9. By deleting the existing Section 18.2 and substituting therefore the
following:

            18.1 The Primary Sponsor reserves the right at any time to modify or
      amend or terminate the Plan or the Trust in whole or in part; provided,
      however, that the Primary Sponsor shall have no power to modify or amend
      the Plan in such manner as would cause or permit any portion of the funds
      held under the Plan to be used for, or diverted to, purposes other than
      for the exclusive benefit of Participants or their Beneficiaries, or as
      would cause or permit any portion of a fund held under the Plan to become
      the property of a Plan Sponsor. No amendment or modification of the Plan
      shall increase the duties or liabilities of the Trustee without its
      written consent; provided, however, that this shall not

<PAGE>

      apply to any such amendment or modification deemed by the Primary Sponsor
      as a clarifying amendment. No such modifications or amendments shall have
      the effect of retroactively changing or depriving Participants or
      Beneficiaries of right already accrued under the Plan. No Plan Sponsor
      other than the Primary Sponsor shall have the right to so modify, amend or
      terminate the Plan or the Trust. Notwithstanding the foregoing, each Plan
      Sponsor may terminate its own participation in the Plan and Trust pursuant
      to the Plan.

      Except as specifically amended hereby, the Plan shall remain in full fore
and effect prior to this Fourth Amendment.

      IN WITNESS WHEREOF, the Primary Sponsor has caused this Fourth Amendment
to be executed on the day and year first above written.

                                    NATIONAL COMMERCE FINANCIAL CORPORATION

                                    By: ___________________________________

                                    Title: ________________________________

ATTEST:
___________________________

Title: ____________________

<PAGE>

                             THIRD AMENDMENT TO THE
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                                 INVESTMENT PLAN

      THIS THIRD AMENDMENT is made on this 23rd day of June, 2003, by National
Commerce Financial Corporation, a corporation duly organized and existing under
the laws of the State of Tennessee (the "Primary Sponsor").

                              W I T N E S S E T H:

      WHEREAS, the Primary Sponsor maintains the National Commerce Financial
Corporation Investment Plan (the "Plan") which was last amended on December 16,
2002;

      WHEREAS, the Primary Sponsor wishes to amend the Plan to account for the
transfer of assets made from the Plan to the First Market Bank 401(k) Plan; and

      WHEREAS, the Primary Sponsor wishes to amend the Plan to allow for the
election of catch-up contributions pursuant to Code Section 414(v).

      NOW, THEREFORE, the Primary Sponsor does hereby amend the Plan effective
as of July 1, 2003, unless otherwise provided.

      1.    By deleting the existing Section 1.44 and substituting therefore the
following:

            "1.44 `Termination of Employment' means a severance from employment
      (within the meaning of Code Section 401(k)(2)(B)(i)(I)) of an Employee
      from all Plan Sponsors and Affiliates for any reason other than death,
      Disability, or attainment of a Retirement Date. Any absence from active
      employment of the Plan Sponsor and Affiliates by reason of an approved
      leave of absence shall not be deemed for any purpose under the Plan to be
      a Termination of Employment. Transfer from an Employee from one Plan
      Sponsor to another Plan Sponsor or o an Affiliate shall not be deemed for
      any purpose under the Plan to be a Termination of Employment. In addition,
      transfer of an Employee to another employer in connection with a corporate
      transaction involving a sale of assets, merger or sale of stock, shall not
      be deemed to be a Termination of Employment, for purposes of the timing of
      distributions under Plan Section 8.1, if the employer to which such
      Employee is transferred agrees with the Plan Sponsor to accept a transfer
      of assets from the Plan to its tax-qualified plan in a trust-to-trust
      transfer meeting the requirements of Code Section 414(l).

            Notwithstanding the above, the transfer of employment of a
      Participant by the Primary Sponsor to First Market Bank on or about July
      1, 2003, shall not be deemed to constitute a Termination of Employment,
      for purposes of the timing of distributions under Plan Section 8.1 to the
      extent that such Participant's Account (other than his ESOOP Account or
      ESOP Dividend Account) is transferred to the First Market Bank

<PAGE>

      401(k) Plan in a trust-to-trust transfer meeting the requirements of Code
      Section 414(l). However, such Participant shall be deemed to have
      experienced a Termination of Employment with respect to such Participant's
      ESOP Account an ESOP dividend Account for the purposes of the timing of
      distributions under Plan Section 8.1."

      2.    Effective August 1, 2003, by deleting the existing Section 3.1(a)(1)
and substituting therefore the following:

            "(l) The Plan Sponsor shall make a contribution to the Fund on
      behalf of each Participant who is an Eligible Employee and has elected to
      defer a portion of Annual Compensation otherwise payable to him for the
      Plan Year and to have such portion contributed to the Fund. Except to the
      extent permitted under Section 3.1(c) and Code Section 414(v), the
      contribution made by a Plan Sponsor on behalf of a participant under this
      Section 3.1(a) shall be in an amount equal to the amount specified in the
      Participant's deferral agreement under subparagraph (2) below, but not
      greater than twenty (20%) of the Participant's Annual Compensation.
      Pursuant to Section 4 of Appendix C, the Plan Administrator may restrict
      the amount that Highly Compensated Employees may defer under this Section
      3.1(a)."

      3.    Effective August 1, 2003, by deleting the existing Section 3.1(b)
and substituting therefore the following:

            "(b)  Limits on Before-Tax Contributions.

                  (1) Except to the extent permitted under Section 3.1(c) and
            Code Section 414(v), Elective Deferrals shall in no event exceed the
            limit set forth in Code Section 402(g) in any one taxable year of
            the Participant.

                  (2) In the event the amount of Elective Deferrals exceeds the
            limit set forth in Code Section 402(g), in any one taxable year
            then, not later than the immediately following March 1, the
            Participant may designate to the Plan the portion of the
            Participant's Before-Tax Contribution which consists of excess
            Elective Deferrals. Not later than the immediately following April
            15, the Plan may then distribute the amount designated to it, as
            adjusted to reflect income, gain, or loss attributable to it through
            the end of the plan year, and reduced by any "Excess Before-Tax
            Contributions, " as defined in Appendix C hereto, previously
            distributed or recharacterized with respect to the Participant for
            the Plan Year beginning with or within that taxable year. The
            payment of the excess Elective Deferrals, as adjusted and reduced,
            from the Plan shall be made to the Participant without regard to any
            other provision in the Plan.

                  (3) In the event that a Participant's Elective Deferrals
            exceed the limit set forth in Code Section 402(g), in any one
            taxable year under the Plan and other plans of the Plan Sponsor and
            its Affiliates, the Participant shall be deemed to have designated
            for distribution under the Plan the amount of excess Elective

<PAGE>

            Deferrals, as adjusted and reduced, by taking into account only
            Elective Deferral amounts under the Plan and other plans of the Plan
            Sponsor and its Affiliates."

      4.    Effective August 1, 2003, by adding the following new Section
3.1(c):

            "(c) Catch-Up Contributions.

                  (1) A Participant who is eligible to contribute Elective
            Deferrals to the Plan and who has attained age 50 on o before the
            last day of the Plan Year shall be eligible to elect to have a
            portion of his Annual Compensation otherwise payable to him for the
            Plan Year contributed by he Plan Sponsor to the Fund on his behalf
            as catch-up contributions in accordance with and subject to the
            limitations of, Code Section 414(v). Contributions made pursuant to
            this Section 3.1() shall not be taken into account for purposes of
            implementing the limitations set forth in Section 3.1(a), 3.1(b) and
            Appendix A hereto. The Plan shall not be treated as failing to
            satisfy the provisions of Appendix B, Appendix C or Code Section
            410(b), as applicable, by reason of the making of the catch-up
            contributions as described in this Section 3.1(c).

                  (2) The election must be made before the Annual Compensation
            is payable and may only be made pursuant to an agreement between the
            Participant and the Plan Sponsor which shall be in such form and
            subject to such rules and limitations as the Plan Administrator may
            prescribe. The amount elected by a Participant shall be contributed
            by the Plan Sponsor in equal amounts each month during the Plan
            Year.

                  (3) Once a Participant has made an election for a Plan Year,
            the Participant may revoke or modify his election to increase or
            reduce the rate of future deferrals, as provided in he
            administrative procedure provided by the Plan Administrator."

      5.    Effective August 1, 2003, by deleting the existing Section 7.1(a)
and substituting therefore the following:

            "(a) The Trustee shall, upon the direction of the Plan
      Administrator, withdraw all or a portion of a Participant's vested Account
      (except for the amounts consisting of earnings allocated to the
      Participant's Before-Tax Account prior to or during the last Plan year
      ending on or before July 31, 1989), including catch-up contributions made
      pursuant to Section 3.1(c), prior to the time such account is otherwise
      distributable in accordance with the other provisions of the Plan;
      provided, however, that any such withdrawal shall be made only if the
      Participant is an Employee and demonstrates that he is suffering from
      `hardship' as determined herein."

      6.    Effective January 1, 2002, by deleting the existing Section 8.1(a)
and substituting therefore the following:

<PAGE>

                  "(a) In the event of Termination of Employment, a Participant
            whose vested Account exceeds $5,000 (without considering amounts
            attributable to a Participant's Rollover Account) may request that
            payment of his vested Account be made at any time after the
            Participant's Termination of Employment occurs. The balance of a
            Participant's Account shall be determined as of the Valuation Date
            coinciding with or immediately preceding the date the Participant's
            account is valued for imminent payout purposes. Payment of a
            Participant's Account shall be in the form elected by such
            Participant under Plan Section 8.2(b). All payments will be made or
            commence as soon as administratively feasible after a Participant's
            request. No distribution of the Participant's Account will be made
            without his request prior to his Normal Retirement Age."

      7.    Effective January 1, 2002, by deleting the existing Section 8.1(c)
and substituting therefore the following:

            "(c) In the event of a Termination of Employment, a Participant
      whose vested Account is $5,000 (without considering amounts attributable
      to a Participant's Rollover Account) or less shall be distributed in a
      lump sum payment as soon as administratively feasible after the
      Participant's Termination of Employment."

      10.   Effective August 1, 2002, by deleting the existing Section 8.2(a)
and substituting therefore the following:

            "(a) his Before-Tax Account, After-Tax Account, Rollover Account,
      Frozen Match Account, Former ESOP Account, ESOP Dividend Account, and
      Former Qualified Nonelective Contribution Account, which shall be fully
      vested and nonforfeitable at all times; and"

      11.   Effective August 1, 2003, by deleting the existing Subsection
(d)(1)(A)(i) of Section 1 of Appendix B to the Plan and substituting therefore
the following:

            "(i) the present value of the cumulative Accounts (excluding
      catch-up contributions as described in Code Section 414(v) made in the
      Plan Year in which the determination is being made) under the Plan for all
      Key Employees exceeds sixty percent (60%) of the present value of the
      cumulative Accounts (excluding catch-up contributions as described in Code
      Section 414(v) for the current Plan Year) under the Plan for all
      Participants; and"

      Except as specifically amended hereby, the Plan shall remain in full force
and effect prior to this Third Amendment.

      IN WITNESS WHEREOF, the Primary Sponsor has caused this Third Amendment to
be executed on the day and year first above written.

<PAGE>

                                    NATIONAL COMMERCE FINANCIAL CORPORATION

                                    By: ___________________________________

                                    Title: ________________________________

ATTEST:
___________________________

Title: ____________________

         [CORPORATE SEAL]
<PAGE>

                             SECOND AMENDMENT TO THE
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                                 INVESTMENT PLAN

      THIS SECOND AMENDMENT is made on this 16th day of DECEMBER, 2002, by
National Commerce Financial Corporation, a corporation duly organized and
existing under the laws of the State of Tennessee (the "Primary Sponsor").

                              W I T N E S S E T H:

      WHEREAS, the Primary Sponsor maintains the National Commerce Financial
Corporation Investment Plan (the "Plan") which was last amended and restated
effective August 1, 2001;

      WHEREAS, the Primary Sponsor wishes to amend the Plan to account for the
vesting treatment of participants terminating employment due to the closing of
the National Bank of Commerce Loan Administration Department in Memphis,
Tennessee;

      WHEREAS, the Primary Sponsor now wishes to amend the Plan primarily to
comply with and make changes permitted by the Economic Growth and Tax Relief
Reconciliation Act of 2001 ("EGTRRA");

      WHEREAS, this amendment is intended as good faith compliance with the
requirements of EGTRRA and is to be construed in accordance with EGTRRA and any
guidance issued thereunder; and

      WHEREAS, this amendment shall supersede the provisions of the Plan to the
extent those provisions are inconsistent with the provisions of this amendment.

      NOW, THEREFORE, the Primary Sponsor does hereby amend the Plan effective
as of JANUARY 1, 2002;

      1.    By adding the following to the end of Section 1.1(e):

            "Notwithstanding the foregoing, the Plan shall separately account
            for any Rollover Amounts that are not includable in gross income of
            the Participant (determined without regard to the rollover) and are
            transferred to the Plan in a direct trustee-to-trustee transfer, and
            earnings and losses thereon."

      2.    By deleting the existing Section 1.5 and substituting therefor the
            following:

            "1.5  `Annual Compensation Limit' means $200,000, which amount may
      be adjusted in subsequent Plan Years based on changes in the cost of
      living as announced by the Secretary of the Treasury."

<PAGE>

      3.    By adding the following new Section 1.5A:

            "1.5A `Appeals Fiduciary' means an individual or group of
      individuals appointed to review appeals of claims for benefits payable due
      to a Participant's Disability made pursuant to Plan Section 14.4."

      4.    By deleting the existing Section 1.18 and substituting therefor the
      following:

            "1.18 `Eligible Retirement Plan' means any of the following that
      will accept a Distributee's Eligible Rollover Distribution:

            (a)   an individual retirement account described in Code Section
                  408(a);

            (b)   an individual retirement annuity described in Code Section
                  408(b);

            (c)   an annuity plan described in Code Section 403(a) or an annuity
                  contract described in Code Section 403(b);

            (d)   a qualified trust described in Code Section 401 (a); or

            (e)   an eligible plan under Code Section 457(b) which is maintained
                  by a state or political subdivision of a state, or any agency
                  or instrumentality of a state or political subdivision and
                  which agrees to separately account for amounts transferred
                  into such plan from this Plan.

            Effective for distributions after December 31, 2005, if any portion
      of an Eligible Rollover Distribution is attributable to payments or
      distributions from a designated Roth account (as defined in Code Section
      402A), an Eligible Retirement Plan with respect to such portion shall
      include only another designated Roth account and a Roth IRA."

      5.    By deleting the existing Section 1.19 and substituting therefor the
      following:

            "1.19 `Eligible Rollover Distribution' means any distribution of all
      or any portion of the Distributee's Account, except that an Eligible
      Rollover Distribution does not include:

            (a)   any distribution that is one of a series of substantially
                  equal periodic payments (not less frequently than annually)
                  made for the life (or life expectancy) of the Distributee or
                  the joint lives (or joint life expectancies) of the
                  Distributee and the Distributee's designated Beneficiary, or
                  for a specified period of ten (10) years of more.

            (b)   any distribution to the extent such distribution is required
                  under Code Section 401(a)(9);

                                        2

<PAGE>

            (c)   any distribution which is made upon hardship of the Employee;
                  and

            (d)   except as otherwise provided in this Section, the portion of
                  any distribution that is not includable in gross income
                  (determined without regard to the exclusions for net
                  unrealized appreciation with respect to employer securities).

            `Eligible Rollover Distribution' shall include any portion of the
      distribution that is not includable in gross income provided such amount
      is distributed directly to one of the following:

                  (i)   an individual retirement account described in Code
            Section 408(a) or an individual retirement annuity described in Code
            Section 408(b) (other than an endowment contract); or

                  (ii)  a qualified trust as described in Code Section 401(a)
            but only to the extent that

                        (A)   the distribution is made in a direct
                  trustee-to-trustee transfer;

                        (B)   the transferee plan is a defined contribution
                  plan; and

                        (C)   the transferee plan agrees to separately account
                  for amounts transferred (including a separate accounting for
                  the portion of the distribution which is includable in income
                  and the portion which is not includable in income)."

      6.    By deleting the existing Section 1.33 and substituting therefor the
      following:

            "1.33 `Named Fiduciary' means only the following:

                  (a)   the Plan Administrator;

                  (b)   the Trustee;

                  (c)   the Investment Committee;

                  (d)   the Investment Manager; and

                  (e)   the Appeals Fiduciary."

      7.    By deleting the existing Section 1.42 and substituting therefor the
      following:

            "1.42 `Rollover Amount' means any amount transferred to the Fund by
      a Participant, which amount qualifies as an Eligible-Rollover Distribution
      under Code

                                        3

<PAGE>

      Sections 402(c)(4), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), or 457(e)(16),
      and any regulations issued thereunder."

      8.    By deleting the existing Section 1.44 and substituting therefor the
following:

            "1.44 `Termination of Employment' means a severance from employment
      (within the meaning of Code Section 401(k)(2)(B)(i)(l)) of an Employee
      from all Plan Sponsors and Affiliates for any reason other than death,
      Disability, or attainment of a Retirement Date. Any absence from active
      employment of the Plan Sponsor and Affiliates by reason of an approved
      Leave of absence shall not be deemed for any purpose under the Plan to be
      a Termination of Employment. Transfer of an Employee from one Plan Sponsor
      to another Plan Sponsor or to an Affiliate shall not be deemed for any
      purpose under the Plan to be a Termination of Employment. In addition,
      transfer of an Employee to another employer (other than a Plan Sponsor or
      an Affiliate) in connection with a corporate transaction involving a sale
      of assets, merger, or sale of stock, shall not be deemed to be a
      Termination of Employment, for purposes of the timing of distributions
      under Section 8.1, if the employer to which such Employee is transferred
      agrees with the Plan Sponsor to accept a transfer of assets from the Plan
      to its tax-qualified plan in a trust-to-trust transfer meeting the
      requirements of Code Section 414(1)."

      9.    By deleting the existing Section 3.1(b) and substituting therefor
the following:

            "(b)  Limits on Before-Tax Contributions.

                  (1)   Elective Deferrals shall in no event exceed $11,000 (for
                        2002) in any one taxable year of the Participant, which
                        amount shall be adjusted for changes as provided in Code
                        Section 402(g) or for changes in the cost of living as
                        provided by the Secretary of the Treasury.

                  (2)   In the event the amount of Elective Deferrals exceeds
                        $11,000 (for 2002) as adjusted, in any one taxable year
                        then, not later than the immediately following March 1,
                        the Participant may designate to the Plan the portion of
                        the Participant's Before-Tax Contribution which consists
                        of excess Elective Deferrals. Not later than the
                        immediately following April 15, the Plan may then
                        distribute the amount designated to it, as adjusted to
                        reflect income, gain, or loss attributable to it through
                        the end of the Plan Year, and reduced by any "Excess
                        Before-Tax Contributions," as defined in Appendix C
                        hereto, previously distributed or recharacterized with
                        respect to the Participant for the Plan Year beginning
                        with or within that taxable year. The payment of the
                        excess Elective Deferrals, as adjusted and reduced,
                        from the Plan shall be made to the Participant without
                        regard to any other provision in the Plan.

                                        4

<PAGE>

                  (3)   In the event that a Participant's Elective Deferrals
                        exceed $11,000, as adjusted, in any one taxable year
                        under the Plan and other plans of the Plan Sponsor and
                        its Affiliates, the Participant shall be deemed to have
                        designated for distribution under the Plan the amount of
                        excess Elective Deferrals, as adjusted and reduced, by
                        taking into account only Elective Deferral amounts under
                        the Plan and other plans of the Plan Sponsor and its
                        Affiliates."

      10.   By deleting the existing Section 3.5 and by substituting therefor
the following:

            "3.5  Any Eligible Employee may, with the consent of the Plan
      Administrator and subject to such rules and conditions as the Plan
      Administrator may prescribe, transfer a Rollover Amount to the Fund (which
      may include without limitation prohibitions against transferring certain
      categories of Rollover Amounts to the Plan); provided, however, that the
      Plan Administrator shall not administer this provision in a manner which
      is discriminatory in favor of Highly Compensated Employees."

      11.   By adding the following paragraph to the end of Section 8.2(d):

            "Provided further that, notwithstanding the above, the Vested
      Percentage of a Participant's Account for a Participant located in
      Memphis, Tennessee who has incurred a Break in Service because of
      employment termination occurring during the period January 1, 2002 through
      December 31, 2002 due to the closing of the National Bank of Commerce Loan
      Administration Department is 100%, provided that such Participant was
      credited with at least an Hour of Service prior to July 5, 2000."

      12.   By deleting the existing second paragraph under Section 8.5 in its
entirety.

      13.   By deleting the existing Section 9.1(a) in its entirety and by
substituting therefor the following:

                  "(a)  A retired Participant whose Account exceeds $5,000
            (without considering amounts attributable to a Participant's
            Rollover Account) may request that payment of his Account be made at
            any time after the Participant attains a Retirement Date. All
            payments will be made as soon as administratively feasible following
            a Participant's request. No distribution of the Participant's
            Account will be made without his request prior to his Normal
            Retirement Age."

      14.   By deleting the existing Section 9.1(c) and substituting therefor
the following:

                  "(c)  A retired Participant whose Account is $5,000 (without
            considering amounts attributable to a Participant's Rollover
            Account) or less shall be distributed in a lump sum payment as soon
            as administratively feasible after the Participant attains a
            Retirement Date."

                                        5

<PAGE>

      15.   Effective as of January 1, 2003, by deleting the existing Sections
11.5(d)and (e) and substituting therefor the following:

                  "(d)  Distributions will be made in accordance with Code
            Section" 401(a)(9) and the regulations issued thereunder,
            including the incidental benefit requirements. Notwithstanding the
            foregoing, effective as of January 1, 2003, any distributions
            pursuant to Code Section 401(a)(9) shall be administered in
            accordance with the requirements of Appendix D hereto."

      16.   By adding the following new Section 13.8:

            "13.8 Appeals Fiduciary. The Primary Sponsor shall appoint an
      Appeals Fiduciary. The Appeals Fiduciary shall be required to review
      claims for benefits payable due to a Participant's Disability that are
      initially denied by the Plan Administrator and for which the claimant
      requests a full and fair review pursuant to Section 14.3. The Appeals
      Fiduciary may not be the individual who made the initial adverse
      determination with respect to any claim he reviews and may not be a
      subordinate of any individual who made the initial adverse determination.
      The Appeals Fiduciary may be removed in the same manner in which appointed
      or may resign at any time by written notice of resignation to the Primary
      Sponsor. Upon such removal or resignation, the Primary Sponsor shall
      appoint a successor."

      18.   By deleting the existing Article 14 and substituting therefor the
following:

                                   "ARTICLE 14
                             CLAIMS REVIEW PROCEDURE

            14.1  Notice of Denial. If a Participant or a Beneficiary is denied
      a claim for benefits under the Plan, the Plan Administrator shall provide
      to the claimant written notice of the denial within ninety (90) days
      (forty-five (45) days with respect to a denial of any claim for benefits
      due to the Participant's Disability) after the Plan Administrator receives
      the claim, unless special circumstances require an extension of time for
      processing the claim. If such an extension of time is required, written
      notice of the extension shall be furnished to the claimant prior to the
      termination of the initial 90-day period. In no event shall the extension
      exceed a period of ninety (90) days (thirty (30) days with respect to a
      claim for benefits due to the Participant's Disability) from the end of
      such initial period. With, respect to a claim for benefits due to the
      Participant's Disability, an additional extension of up to thirty (30)
      days beyond the initial 30-day extension period may be required for
      processing the claim. In such event, written notice of the extension shall
      be furnished to the claimant within the initial 30-day extension period.
      Any extension notice shall indicate the special circumstances requiring
      the extension of time, the date by which the Plan Administrator expects
      to render the final decision, the standards on which entitlement to
      benefits are based, the unresolved issues that prevent a decision on the
      claim and the additional information needed to resolve those issues.

                                        6

<PAGE>

            14.2  Contents of Notice of Denial. If a Participant or Beneficiary
      is denied a claim for benefit under a Plan, the Plan Administrator shall
      provide to such claimant written notice of the denial which shall set
      forth:

                  (a)   the specific reasons for the denial;

                  (b)   specific references to the pertinent provisions of the
            Plan on which the denial is based;

                  (c)   a description of any additional material or information
            necessary for the claimant to perfect the claim and an explanation
            of why such material or information is necessary;

                  (d)   an explanation of the Plan's claim review procedures,
            and the time limits applicable to such procedures, including a
            statement of the claimant's right to bring a civil action under
            Sections 502(a) of ERISA following an adverse benefit determination
            on review;

                  (e)   in the case of a claim for benefits due to a
            Participant's Disability, if an internal rule, guideline, protocol
            or other similar criterion is relied upon in making the adverse
            determination, either the specific rule, guideline, protocol or
            other similar criterion; or a statement that such rule, guideline,
            protocol or other similar criterion was relied upon in making the
            decision and that a copy of such rule, guideline, protocol or other
            similar criterion will be provided free of charge upon request; and

                  (f)   in the case of a claim for benefits due to a
            Participant's Disability, if a denial of the claim is based on a
            medical necessity or experimental treatment or similar exclusion or
            limit, an explanation of the scientific or clinical judgment for the
            denial, an explanation applying the terms of the Plan to the
            claimant's medical circumstances or a statement that such
            explanation will be provided free of charge upon request.

            14.3  Right to Review. After receiving written notice of the denial
      of a claim or that a domestic relations order is a qualified domestic
      relations order, a claimant or his representative shall be entitled to:

                  (a)   request a full and fair review of the denial of the
            claim or determination that a domestic relations order is a
            qualified domestic relations order by written application to the
            Plan Administrator (or Appeals Fiduciary in the case of a claim for
            benefits payable due to a Participant's Disability);

                  (b)   request, free of charge, reasonable access to, and
            copies of, all documents, records, and other information relevant to
            the claim;

                                        7

<PAGE>

                  (c)   submit written comments, documents, records, and other
            information relating to the denied claim to the Plan Administrator
            or Appeals Fiduciary, as applicable; and

                  (d)   a review that takes into account all comments,
            documents, records, and Other information submitted by the claimant
            relating to the claim, without regard to whether such information
            was submitted or considered in the initial benefit determination.

            14.4  Application for Review.

                  (a)   If a claimant wishes a review of the decision denying
            his claim to benefits under the Plan, other than a claim described
            in Subsection (b) of this Section 14.4, or if a claimant wishes to
            appeal a decision that a domestic relations order is a qualified
            domestic relations order, he must submit the written application to
            the Plan Administrator within sixty (60) days after receiving
            written notice of the denial or notice that the domestic relations
            order is a qualified domestic relations order.

                  (b)   If the claimant wishes a review of the decision denying
            his claim to benefits under the Plan due to a Participant's
            Disability, he must submit the written application to the Appeals
            Fiduciary within one hundred eighty (180) days after receiving
            written notice of the denial. With respect to any such claim, in
            deciding an appeal of any denial based in whole or in part on a
            medical judgment (including determinations with regard to whether a
            particular treatment, drug, or other item is experimental,
            investigational, or not medically necessary or appropriate), the
            Appeals Fiduciary shall

                        (i)   consult with a health care professional who has
                  appropriate training and experience in the field of medicine
                  involved in the medical judgment; and

                        (ii)  identify the medical and vocational experts whose
                  advice was obtained on behalf of the Plan in connection with
                  the denial without regard to whether the advice was relied
                  upon in making the determination to deny the claim.

            Notwithstanding the foregoing, the health care professional
            consulted pursuant to this Subsection (b) shall be an individual who
            was not consulted with respect to the initial denial of the claim
            that is the subject of the appeal or a subordinate of such
            individual.

            14.5  Hearing. Upon receiving such written application for review,
      the Plain Administrator or Appeals Fiduciary, as applicable may schedule a
      hearing for purpose of reviewing the claimant's claim, which hearing shall
      take place not more than thirty

                                        8

<PAGE>

      (30) days from the date on which the Plan Administrator or Appeals
      Fiduciary received such written application for review.

            14.6  Notice of Hearing. At least ten (10) days prior to the
      scheduled hearing, the claimant and his representative designated in
      writing by him, if any, shall receive written notice of the date, time,
      and place of such scheduled hearing. The claimant or his representative,
      if any, may request that the hearing be rescheduled, for his convenience,
      on another reasonable date or at another reasonable time or place.

            14.7  Counsel. All claimants requesting a review of the decision
      denying their claim for benefits may employ counsel for purposes of the
      hearing.

            14.8  Decision on Review. No later than sixty (60) days (forty-five
      (45) days with respect to a claim for benefits due to the Participant's
      Disability) following the receipt of the written application for review,
      the Plan Administrator or the Appeals Fiduciary, as applicable, shall
      submit its decision on the review in writing to the claimant involved and
      to his representative, if any, unless the Plan Administrator or Appeals
      Fiduciary determines that special circumstances (such as the need to hold
      a hearing) require an extension of time, to a day no later than one
      hundred twenty (120) days (ninety (90) days with respect to a claim for
      benefits due to the Participant's Disability) after the date of receipt of
      the written application for review. If the Plan "Administrator or Appeals
      Fiduciary determines that the extension of time is required, the Plan
      Administrator or Appeals Fiduciary shall furnish to the claimant written
      notice of the extension before the expiration of the initial sixty (60)
      day (forty-five (45) days with respect to a claim for benefits due to the
      Participant's Disability) period. The extension notice shall indicate the
      special circumstances requiring an extension of time and the date by which
      the Plan Administrator or Appeals Fiduciary expects to render its decision
      on review. In the case of a decision adverse to the claimant, the Plan
      Administrator or Appeals Fiduciary shall provide to the claimant written
      notice of the denial which shall include:

                  (a)   the specific reasons for the decision;

                  (b)   specific references to the pertinent provisions of the
            Plan on which the decision is based;

                  (c)   a statement that the claimant is entitled to receive,
            upon request and free of charge, reasonable access to, and copies
            of, all documents, records, and other information relevant to the
            claimant's claim for benefits;

                  (d)   an explanation of the Plan's claim review procedures,
            and the time limits applicable to such procedures, including a
            statement of the claimant's right to bring an action under Section
            502(a) of ERISA following the denial of the claim upon review;

                  (e)   in the case of a claim for benefits due to the
            Participant's Disability, if an internal rule, guideline, protocol
            or other similar criterion is

                                        9

<PAGE>

            relied upon in making the adverse determination, either the specific
            rule, guideline, protocol or other similar criterion; or a statement
            that such rule, guideline, protocol or other similar criterion was
            relied upon in making the decision and that a copy of such rule,
            guideline protocol or other similar criterion will be provided free
            of charge upon request;

                  (f)   in the case of a claim for benefits due to a
            Participant's Disability, if a denial of the claim is based on a
            medical necessity or experimental treatment or similar exclusion or
            limit, an explanation of the scientific or clinical judgment for the
            denial, an explanation applying the terms of the Plan to the
            claimant's medical circumstances or a statement that such
            explanation will be provided free of charge upon request; and

                  (g)   in the case of a claim for benefits due to a
            Participant's Disability, a statement regarding the availability of
            other voluntary alternative dispute resolution options."

      19.   Effective as of January 1, 2003, by deleting the existing Article 22
to the Plan and substituting therefor the following:

                                   "ARTICLE 22
                      INCORPORATION OF SPECIAL LIMITATIONS

            Appendices A, B, C and D to the Plan, attached hereto, are
      incorporated by reference and the provisions of the same shall apply
      notwithstanding anything to the contrary contained herein."

      20.   By deleting the existing Section 1 of Appendix A and
substituting therefor the following:

            "Except to the extent permitted under Code Section 414(v), if
      applicable, the `annual addition' for any Participant for any one
      limitation year may not exceed the lesser of:

            (a)   $40,000, as adjusted under Code Section 415(d); or

            (b)   100% of the Participant's Annual Compensation.

            The limit described in Subsection (b) shall not apply to any
      contribution for medical benefits after separation from service (within
      the meaning of Code Section 401(h) or 419A(f)(2)) which is otherwise
      treated as an annual addition."

                                       10
<PAGE>

      21.   By deleting Section 2 of Appendix A to the Plan and substituting
therefor the following:

            "For the purposes of this Appendix A, the term 'annual addition' for
      any Participant means for any limitation year, the sum of certain Plan
      Sponsor, Affiliate, and Participant contributions, forfeitures, and other
      amounts as determined in Code Section 415(c)(2) in effect for that
      limitation year. Participant contributions shall be determined without
      regard to Rollover Amounts, employee contributions to a simplified
      employee pension which are excludable from gross income under Code Section
      401(k)(6), and catch-up contributions as described in Code Section
      414(v)."

      22.   By adding the following paragraph to the end of Section 6 of
Appendix A to the Plan:

            "Notwithstanding anything contained in the Plan to the contrary, the
      Plan Administrator may modify the provisions of this Section 6 with
      respect to reduction of Participant's accounts in accordance with such
      procedures as the Plan Administrator may establish with respect to
      catch-up contributions described in Code Section 414(v)."

      23.   By deleting Section 1(b) of Appendix B to the Plan and substituting
therefor the following:

                  "(b)  'Key Employee' means an Employee or former Employee
            (including a Beneficiary of a Key Employee or former Key Employee)
            who at any time during the Plan Year containing the Determination
            Date was:

                        (1)   an officer of the Plan Sponsor or any Affiliate
                  whose Annual Compensation was greater than $130,000 (as
                  adjusted for changes in the cost of living as provided in
                  regulations issued by the Secretary of the Treasury for Plan
                  Years beginning after December 31, 2002) for the calendar year
                  in which the Plan Year ends, where the term 'officer' means an
                  administrative executive in regular and continual service to
                  the Plan Sponsor or an Affiliate; provided, however, that in
                  no event shall the number of officers exceed the lesser of (A)
                  fifty (50) employees; or (B) the greater of (I) three (3)
                  employees or (II) ten percent (10%) of the number of Employees
                  during the Plan Year, with any non-integer being increased to
                  the next integer If for any year, no officer of the Plan
                  Sponsor meets the requirements of this Subparagraph (1), the
                  highest paid officer of the Plan Sponsor for the Plan Year
                  shall be considered an officer for purposes of this
                  Subparagraph (1);

                        (2)   an owner of more than five percent (5%) of the
                  outstanding stock of the Plan Sponsor or an Affiliate or more
                  than five percent (5%) of the total combined voting power of
                  all stock of the Plan Sponsor or an Affiliate; or

                                       11
<PAGE>

                        (3)   an owner of more than one percent (1%) of the
                  outstanding stock of the Plan Sponsor or an Affiliate or more
                  than one percent (1%) of the total combined voting power of
                  all stock of the Plan Sponsor or an Affiliate, and who in such
                  Plan Year had Annual Compensation from the Plan Sponsor and
                  all of its Affiliates of more than $150,000,

                  For purposes of determining ownership under Subsections (2)
            and (3) above, the rules set forth in Code Section 318(a)(2) shall
            be applied as follows (i) in the case of any Plan Sponsor or
            Affiliate which is a corporation, by substituting five percent (5%)
            for fifty percent (50%) and, (ii) in the case of any Plan Sponsor or
            Affiliate which is not a corporation, ownership shall be determined
            in accordance with Treasury Regulations which shall be based on
            principles similar to the principles of Code Section 318 (modified
            as described in Clause (i) above).

                  Employees other than Key Employees are sometimes referred to
            in this Appendix B as 'non-key employees.'"

      23.   By deleting Subsection (d)(3)(C) of Section 1 of Appendix B to the
Plan and substituting therefor the following:

                  "(C)  For purposes of determining the present value of the
            cumulative accrued benefit under a plan for any Participant in
            accordance with this Subsection, the present value shall be
            increased by the aggregate distributions made with respect to the
            Participant (including distributions paid on account of death to the
            extent they do not exceed the present value of the cumulative
            accrued benefit existing immediately prior to death) under each plan
            being considered, and under any terminated plan which if it had not
            been terminated would have been in a Required Aggregation Group with
            the Plan, during the one-year period ending on the Determination
            Date or the last day of the Plan Year that falls within the calendar
            year in which the Determination Date falls. In the case of a
            distribution made with respect to a Participant made for a reason
            other than separation from service, death, or disability, this
            provision shall applied by substituting a five-year period for the
            one-year period."

      24.   By deleting Subsection (d)(3)(F) of Section 1 of Appendix B to the
Plan and substituting therefor the following:

                  "(F)  For purposes of this Paragraph (3), if any Employee has
            not performed any service for a Plan Sponsor or an Affiliate
            maintaining the Plan during the one-year period ending on the
            Determination Date, any accrued benefit for that Employee shall not
            be taken into account."

                                       12
<PAGE>

      25.   By deleting Subsection (b)(1) of Section 2 of Appendix B to the Plan
and substituting therefor the following:

                  "(b)  (1) The percentage referred to in Subsection (a) of this
            Section for any Plan Year shall not exceed the percentage at which
            allocations are made or are required to be made under the Plan for
            the Plan Year for the Key Employee for whom the percentage is
            highest for a Plan Year. For purposes of this Paragraph, an
            allocation to the Account of a Key Employee resulting from any Plan
            Sponsor contribution attributable to a salary reduction or similar
            agreement shall be taken into account but allocations of catch-up
            contributions as described in Code Section 414(v) shall not be taken
            into account."

      26.   By deleting the next to the last sentence of the first paragraph of
Section 3 of Appendix C to the Plan.

      27.   By deleting the third and fourth sentences of the last paragraph of
Section 5 of Appendix C to the Plan and substituting therefor the following:

                  "The 'contribution percentage' for Highly Compensated Eligible
            Participants and for all other Eligible Participants for a Plan Year
            shall be the average of the ratios, calculated separately for each
            Participant, of (A) to (B), where (A) is the amount of Matching
            Contributions under the Plan (excluding Qualified Matching
            Contributions which are used to apply the test set forth in Section
            2 of this Appendix C) and nondeductible employee contributions made
            under the Plan for the Eligible Participant for the Plan Year, and
            where (B) is the Annual Compensation of the Eligible Participant for
            the Plan Year."

      28.   By deleting the last sentence of the first paragraph of Section 6 of
Appendix C to the Plan.

      29.   Effective as of January 1, 2003, by adding the following Appendix D:

                                   "APPENDIX D
                       MINIMUM DISTRIBUTION REQUIREMENTS

                                    SECTION 1
                                  GENERAL RULES

            (a)   Effective Date and Precedence. The provisions of this Appendix
      D will apply for purposes of determining required minimum distributions
      for calendar years beginning with the 2003 calendar year. The requirements
      of this Appendix D will take precedence over any inconsistent provisions
      of the Plan.

            (b)   Requirements of Treasury Regulations Incorporated. All
      distributions required under this Section will be determined and made in
      accordance with the Treasury Regulations under Code Section 401(a)(9).

                                       13
<PAGE>

            (c)   TEFRA Section 242(b)(2) Elections. Notwithstanding the other
      provisions of this Appendix D, distributions may be made under a
      designation made before January 1, 1984, in accordance with Section
      242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the
      provisions of the Plan that relate to Section 242(b)(2) of TEFRA.

                                    SECTION 2
                        TIME AND MANNER OF DISTRIBUTION

            (a)   Required Beginning Date. The Participant's entire interest
      will be distributed, or begin to be distributed, to the Participant no
      later than the Participant's Required Beginning Date.

            (b)   Death of Participant Before Distributions Begin. If the
      Participant dies before distributions begin, the Participant's entire
      interest will be distributed, or begin to be distributed, no later than as
      follows:

                  (1)   If the Participant's surviving spouse is the
            Participant's sole Designated Beneficiary, then, distributions to
            the surviving spouse will begin by December 31 of the calendar year
            immediately following the calendar year in which the Participant
            died, or by December 31 of the calendar year in which the
            Participant would have attained age 70 1/2, if later.

                  (2)   If the Participant's surviving spouse is not the
            Participant's sole Designated Beneficiary, then, distributions to
            the Designated Beneficiary will begin by December 31 of the calendar
            year immediately following the calendar year in which the
            Participant died.

                  (3)   If there is no Designated Beneficiary as of September 30
            of the year following the year of the Participant's death, the
            Participant's entire interest will be distributed by December 31 of
            the calendar year containing the fifth anniversary of the
            Participant's death.

                  (4)   If the Participant's surviving spouse is the
            Participant's sole Designated Beneficiary and the surviving spouse
            dies after the Participant but before distributions to the surviving
            spouse begin, this Section 2(b), other than Section 2(b)(1) of this
            Appendix D, will apply as if the surviving spouse were the
            Participant.

            For purposes of this Section 2(b) and Section 4 of this Appendix D,
      unless Section 2(b)(4) of this Appendix D applies, distributions are
      considered to begin on the Participant's Required Beginning Date. If
      Section 2(b) of this Appendix D applies, distributions are considered to
      begin on the date/distributions are required to begin to the surviving
      spouse under Section 2(b)(1) of this Appendix D. If distributions under an
      annuity purchased from an insurance company irrevocably commence to the
      Participant

                                       14
<PAGE>

      before the Participant's Required Beginning Date (or to the Participant's
      surviving spouse before the date distributions are required to begin to
      the surviving spouse under Section 2(b)(1), the date distributions are
      considered to begin is the date distributions actually commence.

            (c)   Forms of Distribution. Unless the Participant's interest is
      distributed in the form of an annuity purchased from an insurance company
      or in a single sum on or before the Required Beginning Date, as of the
      first Distribution Calendar Year, distributions will be made in accordance
      with Sections 3 and 4 of this Appendix D. If the Participant's interest is
      distributed in the form of an annuity purchased from an insurance company,
      distributions thereunder will be made in accordance with the requirements
      of Code Section 401(a)(9) and the regulations issued thereunder.

                                    SECTION 3
          REQUIRED MINIMUM DISTRIBUTIONS DURING PARTICIPANT'S LIFETIME

            (a)   Amount of Required Minimum Distribution For Each Distribution
      Calendar Year. During the Participant's lifetime, the minimum amount that
      will be distributed for each Distribution Calendar Year is the lesser of:

                  (1)   the quotient obtained by dividing the Participant's
            Account Balance by the distribution period in the Uniform Lifetime
            Table set forth in Section 1.401(a)(9)-9 of the Treasury
            Regulations, using the Participant's age as of the Participant's
            birthday in the Distribution Calendar Year; or

                  (2)   If the Participant's sole Designated Beneficiary for the
            Distribution Calendar Year is the Participant's spouse, the quotient
            obtained by dividing the Participant's Account Balance by the number
            in the Joint and Last Survivor Table set forth in Section
            1.401(a)(9)-9 of the Treasury Regulations, using the Participant's
            and spouse's attained ages as of the Participant's and spouse's
            birthdays in the Distribution Calendar Year.

            (b)   Lifetime Required Minimum Distributions Continue Through Year
      of Participants Death. Required minimum distributions will be determined
      under this Section 3 beginning with the first Distribution Calendar Year
      and up to and including the Distribution Calendar Year that includes the
      Participant's date of death.

                                       15
<PAGE>

                                    SECTION 4
            REQUIRED MINIMUM DISTRIBUTIONS AFTER PARTICIPANT'S DEATH

            (a)   Death On or After Date Distributions Begin.

                  (1)   Participant Survived by Designated Beneficiary. If the
            Participant dies on or after the date distributions begin and there
            is a Designated Beneficiary, the minimum amount that will be
            distributed for each Distribution Calendar Year after the year of
            the Participant's death is the quotient obtained by dividing the
            Participant's Account Balance by the longer of the remaining Life
            Expectancy of the Participant or the remaining Life Expectancy of
            the Participant's Designated Beneficiary, determined as follows:

                        (i)   The Participant's remaining Life Expectancy is
                  calculated using the age of the Participant in the year of
                  death, reduced by one for each subsequent year.

                        (ii)  If the Participant's surviving spouse is the
                  Participant's sole Designated Beneficiary, the remaining Life
                  Expectancy of the surviving spouse is calculated for each
                  Distribution Calendar Year after the year of the Participant's
                  death using the surviving spouse's age as of the spouse's
                  birthday in that year. For Distribution Calendar Years after
                  the year of the surviving spouse's death, the remaining Life
                  Expectancy of the surviving spouse is calculated using the age
                  of the surviving spouse as of the spouse's birthday in the
                  calendar year of the spouse's death, reduced by one for each
                  subsequent calendar year.

                        (iii) If the Participant's surviving spouse is not the
                  Participant's sole Designated Beneficiary, the Designated
                  Beneficiary's remaining Life Expectancy is calculated using
                  the age of the Designated Beneficiary in the year following
                  the year of the Participant's death, reduced by one for each
                  subsequent year.

                  (2)   No Designated Beneficiary. If the Participant dies on or
            after the date distributions begin and there is no Designated
            Beneficiary as of September 30 of the year after the year of the
            Participant's death, the minimum amount that will be distributed for
            each Distribution Calendar Year after the year of the Participant's
            death is the quotient obtained by dividing the Participant's Account
            Balance by the Participant's remaining Life Expectancy calculated
            using the age of the Participant in the year of death, reduced by
            one for each subsequent year.

                                       16
<PAGE>

            (b)   Death Before Date Distributions Begin.

                  (1)   Participant Survived by Designated Beneficiary. If the
            Participant dies before the date distributions begin and there is a
            Designated Beneficiary, the minimum amount that will be distributed
            for each Distribution Calendar Year after the year of the
            Participant's death is the quotient obtained by dividing the
            Participant's Account Balance by the remaining Life Expectancy of
            the Participant's Designated Beneficiary, determined as provided in
            Section 4(a).

                  (2)   No Designated Beneficiary. If the Participant dies
            before the date distributions begin and there is no Designated
            Beneficiary as of September 30 of the year following the year of the
            Participant's death, distribution of the Participant's entire
            interest will be completed by December 31 of the calendar year
            containing the fifth anniversary of the Participant's death.

                  (3)   Death of Surviving Spouse Before Distributions to
            Surviving Spouse Are Required to Begin. If the Participant dies
            before the date distributions begin, the Participant's surviving
            spouse is the Participant's sole Designated Beneficiary, and the
            surviving spouse dies before distributions are required to begin to
            the surviving spouse under Section 2(b)(1) of this Appendix D, this
            Section (b) will apply as if the surviving spouse were the
            Participant.

                                   SECTION 5
                                  DEFINITIONS

      As used in this Appendix D, the following words and phrases shall have the
meaning set forth below:

            (a)   Designated Beneficiary. The individual who is designated as
      the Beneficiary under Section 1.5 of the Plan and is the designated
      Beneficiary under Section 401(a)(9) of the Internal Revenue Code and
      Section 1.401(a)(9)-1, Q&A-4, of the Treasury Regulations.

            (b)   Distribution Calendar Year. A calendar year for which a
      minimum distribution is required. For distributions beginning before the
      Participant's death, the first distribution calendar year is the calendar
      year immediately preceding the calendar year which contains the
      Participant's Required Beginning Date. For distributions beginning after
      the Participant's death, the first distribution calendar year is the
      calendar year in which distributions are required to begin under Section
      2(b). The required minimum distribution for the Participant's first
      distribution calendar year will be made on or before the Participant's
      Required Beginning Date. The required minimum distribution for other
      distribution calendar years, including the required minimum distribution
      for the distribution calendar year in which the Participant's Required
      Beginning Date occurs will be made on or before December 31 of that
      distribution calendar year.

                                       17
<PAGE>

            (c)   Life Expectancy. Life expectancy as computed by use of the
      Single Life Table in Section 1.401 (a)(9)-9 of the Treasury Regulations.

            (d)   Participant's Account Balance. The Account balance as of the
      last Valuation Date in the calendar year immediately preceding the
      Distribution Calendar Year ("Valuation Calendar Year") increased by the
      amount of any contributions made and allocated or forfeitures allocated to
      the Account balance as of dates in the Valuation Calendar Year after the
      Valuation Date and. decreased by distributions made in the Valuation
      Calendar Year after the Valuation Date. The Account balance for the
      Valuation Calendar Year includes any amounts rolled over or transferred to
      the Plan either in the Valuation Calendar Year or in the Distribution
      Calendar Year if distributed or transferred in the Valuation Calendar
      Year.

            (e)   Required Beginning Date. The date specified in Section
      [11.5(c)] of the Plan."

      Except as specifically amended hereby, the Plan shall remain in full force
and effect prior to this Second Amendment.

      IN WITNESS WHEREOF, the Primary Sponsor has caused this Second Amendment
to be executed on the day and year first above written.

                                         NATIONAL COMMERCE FINANCIAL CORPORATION

                                         By: /s/ [ILLEGIBLE]
                                             -----------------------------------
                                         Title:_________________________________

ATTEST:

By: /s/ [ILLEGIBLE]
    -------------------------------
Title: EVP of HR

       [CORPORATE SEAL]

                                       18
<PAGE>

                               FIRST AMENDMENT TO
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                                INVESTMENT PLAN

      This First Amendment is made on the 17th day of SEPTEMBER 2002, by
National Commerce Financial Corporation (the "Primary Sponsor").

                                  INTRODUCTION

      The Primary Sponsor maintains the National Commerce Financial Corporation
Investment Plan under an indenture effective August 1, 2001 (the "Plan"). The
Primary Sponsor now desires to amend the Plan to comply with requests from the
Internal Revenue Service in connection with a favorable determination letter
application and to clarify certain other Plan sections

                                    AMENDMENT

      NOW, THEREFORE, the Primary Sponsor hereby amends the Plan, effective as
of August 1, 2002, as follows:

      1.    Section 1.1 is amended by adding the following subsection (j)
immediately following subsection (i):

            "(j)  'ESOP Dividend Account', which shall reflect a Participant's
      interest in dividends paid on Company Stock within the employee stock
      ownership portion of the Plan that the Participant elects to reinvest
      pursuant to Section 4.3(c)."

            2     Section 1.19 is hereby amended in its entirety to read as
      follows:

            "1-19 'Eligible Rollover Distribution' means any distribution of all
            or any portion of the Distributee's Account, except that an Eligible
            Rollover Distribution does not include: any distribution that is one
            of a series of substantially equal periodic payments (not less
            frequently than annually) made for the life (or life expectancy) of
            the Distributee or the joint lives (or joint life expectancies) of
            the Distributee and the Distributee's designated Beneficiary, or for
            a specified period of ten years or more; any distribution to the
            extern such distribution is required under Code Section 401(a)(9);
            the portion of any distribution that is not includable in gross
            income (determined without regard to the exclusion for net
            unrealized appreciation with respect to employer securities}; and
            any hardship distributions of Before-Tax Contributions.

            3.    Section 1.20 is hereby amended in its entirety to read as
      follows:

            "1.20 'Employee' means any person who is (a) a common law employee
            of a Plan Sponsor or an Affiliate; (b) a Leased Employee with
            respect to a Plan

<PAGE>

            Sponsor, or (c) deemed to be an employee of a Plan Sponsor pursuant
            to regulations under Code Section 414(o)."

            4.    The Plan is hereby amended by inserting the following new
      Section 1.31 A immediately after Section 1.31:

            "1.31 A 'Leased Employee' means an Employee (other than a common law
            employee of a Plan Sponsor or an Affiliate) who, pursuant to an
            agreement between a Plan Sponsor or an Affiliate and any other
            person, has performed services for a Plan Sponsor or an Affiliate
            (or for a Plan Sponsor and related persons determined in accordance
            with Code Section 414(n)(6)), on a substantially full-time basis for
            a period of at least one year, and such services arc performed under
            the primary direction or control of a Plan Sponsor or an Affiliate.

            5.    Section 4.3(c)(2) of the Plan is amended by substituting the
      phrase, "ESOP Dividend Account" for the phrase "ESOP Account" where it
      appears.

            6.    Section 8.2(a) shall be amended in its entirety to read as
      follows:

                  "(a)  his Before-Tax Account, After-Tax Account. Rollover
            Account, and ESOP Dividend Account, which shall be fully vested and
            nonforfeitable at all times; and"

            7.    Section 1(c)(1) of Appendix B is hereby amended in its
      entirety, as follows:

                  "(1)  each plan of the Plan Sponsor and its Affiliates which
            qualifies under Code Section 401 (a) and which, in the plan year
            including the determination date or any of the four preceding plan
            years, a Key Employee is a participant; and"

      Except as specifically amended hereby, the Plan shall remain in full force
and effect as prior to this First Amendment.

      IN WITNESS WHEREOF, the Primary Sponsor has executed this First Amendment
as of the day and year first above written.

                                         NATIONAL COMMERCE FINANCIAL CORPORATION

                                         By: /s/ [ILLEGIBLE]
                                             -----------------------------------
                                         Title: CFO

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