Document:

Global Amendment to definition of "change in control"

 Exhibit 10(oo) 
  
 Global Amendment to Definition of “Change in Control” or “Change of Control”

  
 The third paragraph (relating to reorganizations and mergers) of the
definition of the terms “Change in Control” and “Change of Control,” as the case may be, contained in the documents listed below is hereby amended in the form set forth on Exhibit A hereto (with such modifications to the
paragraph numbering and defined terms as shall be necessary to conform the definition to a particular plan or agreement): 
  

	1.	The Trust Agreement for Executive Deferred Compensation Plans No. 1 and 2 

  

	2.	The Trust Agreement for the Retirement Income Assurance Plan and the Supplemental Executive Retirement Plan 

  

	3.	The Trust Agreement for the Executive Supplemental Plan 

  

	4.	The 1996 Long-Term Incentive Plan 

  

	5.	The Amended and Restated 1992 Stock Option and Restricted Stock Plan 

  

  
 Exhibit A 

 
 (c) Consummation of a reorganization, merger, statutory share exchange or
consolidation or similar corporate transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of another entity by the
Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (i) all or substantially all of the individuals and entities that were the beneficial owners of the Outstanding
Company Common Stock and the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”) immediately prior to such
Business Combination beneficially own, directly or indirectly, more than 50% of 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 which, as a result of such transaction, owns the Company or all or substantially all of the Company’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 Company Common Stock and the Outstanding Company Voting
Securities, as the case may be and (ii) at least 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.Amendment to various FleetBoston Stock Option Awards

 Exhibit 10(ss) 
  
 

 
  

			
	To:	  	Holders of Certain FleetBoston Stock Options
		
	From:	  	Lisa G. Bisaccia – Director of Compensation and Benefits
		
	Date:	  	March 25, 2004
		
	Re:	  	Amendment to the Terms of Certain FleetBoston Nonqualified Stock Option Awards

  
 This memorandum amends
the terms of your FleetBoston nonqualified stock option awards granted under the stock plans listed on Exhibit A hereto. The amendment set forth in this memorandum does not apply to all outstanding FleetBoston stock options,
including any options intended to be incentive stock options for purposes of Section 422 of the Internal Revenue Code, and, as such, you should review this memorandum, Exhibit A and the terms of your outstanding FleetBoston stock options
carefully. This amendment will only become effective upon the completion of the proposed merger between FleetBoston and Bank of America. If for any reason you are not actively employed by FleetBoston or on an approved leave of absence on the date
the merger is completed, this amendment will be inapplicable to you. 
  
 Amendment 
  
 Extension of the Stock Option
Post-Termination Exercise Period Upon Certain Terminations of Employment following the Completion of the Merger with Bank of America. Notwithstanding anything to the contrary contained in any of the stock plans listed on Exhibit A hereto
or the award agreements thereunder, if within three years following the closing date of the merger between FleetBoston and Bank of America (the “Merger”), the option holder ceases to be an active employee of FleetBoston or its affiliates
and such termination: 
  

	 	•	 	satisfies all requirements for eligibility to receive severance benefits under the Separation Pay and Benefits Plan of FleetBoston Financial Corporation and Participating
Subsidiaries as in effect on the date of completion of the Merger (the “Separation Pay Plan”) or would have satisfied applicable requirements for eligibility to receive severance benefits under the Separation Pay Plan except solely for the
fact that such Separation Pay Plan did not remain in effect until the end of such three-year period;  

  

	 	•	 	 is by the employer other than for “Cause” or by the option holder for “Good Reason” (or any derivation of such terms, in all cases as defined in
any employment, severance or change in control agreement between the option holder  

  

	 	 
and FleetBoston or Bank of America Corporation, as in effect on (or to be effective as of) the date of completion of the Merger, and without regard to
whether or not the term of any such agreement has previously expired);  

  

	 	•	 	satisfies the eligibility requirements for early or normal retirement within the meaning of a FleetBoston qualified retirement plan as in effect immediately prior to the Merger;
 

  

	 	•	 	is due to the option holder’s death or disability (as determined pursuant to the applicable provisions of FleetBoston’s disability plans at the time of termination of
employment); or  

  

	 	•	 	is due to the sale of the business unit in which the option holder is employed, 

  
 the option holder’s outstanding and vested nonqualified stock options granted under the stock plans listed on
Exhibit A hereto will remain exercisable for the longer of (i) 12 months following the option holder’s date of termination (or, to the extent applicable, the last day of such employee’s salary continuation period under the
Separation Pay Plan (or a successor plan) or under an individual employment, severance or change of control agreement between such employee and FleetBoston or Bank of America or their affiliates, in each case to the extent expressly provided for
therein) or (ii) the applicable post-termination exercise period set forth in the plan or award agreement governing such stock option; provided, however, that in no event shall any such stock option be exercisable beyond its original
expiration date. 
  
 Effective Date. This amendment will
be effective only upon and subject to the consummation of the transactions contemplated by the Agreement and Plan of Merger between FleetBoston and Bank of America, dated as of October 27, 2003. 
  
 Successors. From and after the merger, to the extent appropriate in
the context of the sentence, references to “FleetBoston” shall be references to “Bank of America.” 
  
 Explanation 
  
 The additional 12 months is intended to ensure that an employee who has a qualifying termination (as outlined above) following the completion of the merger has a minimum of 12 months in which to exercise his or her
vested nonqualified stock options; provided, that the options do not expire within that 12-month period. The post-termination exercise periods for terminations other than those described above will be in accordance with the terms of the
applicable plan document and individual award agreement. If the original terms of the option provide for a longer post-termination exercise period, you will receive the benefit of that period. In all cases, you must exercise your options prior to
their original expiration date. You must be actively employed by FleetBoston or on an approved leave of absence on the date the merger is completed to receive the rights set forth in this amendment. 
  

 2 

 If you have any questions about the applicability of the amendments set forth in this memorandum to any
of your outstanding FleetBoston stock options, you should contact Jannene Wagner at 617-346-0016. 
  

 3 

  
 Exhibit A 

 
 FleetBoston Financial Corporation Amended and Restated 1992 Stock Option and Restricted
Stock Plan 
  
 FleetBoston Financial Corporation 1993 Incentive Stock and Option
Plan (formerly Summit Bancorp 1993 Incentive Stock and Option Plan) – excluding option awards made on or after October 15, 2002 1 
  
 FleetBoston Financial Corporation 1999 Non-Executive
Option Plan (formerly Summit Bancorp 1999 Non-Executive Option Plan) – excluding option awards made on or after October 15, 2002 1 
  
 Fleet Financial Group, Inc./Quick & Reilly
Group, Inc. Stock Option Plan 
  
 Shawmut National Corporation Secondary Stock
Option Plan and Restricted Stock Award Plan 
  
 Converted Prime Bancorp, Inc.
Incentive Stock Option Plan of Summit Bancorp 
  
 Progress Financial Corporation
Amended and Restated 1993 Stock Incentive Plan 
  
 FleetBoston Financial
Corporation 1996 Long-Term Incentive Plan – excluding option awards made before October 1, 1999 and option awards made on or after October 15, 2002, but prior to October 27, 2003 1 
  
 1 Option awards made on and after October 15, 2002, but prior to October 27, 2003
under the FleetBoston Financial Corporation 1996 Long-Term Incentive Plan, the FleetBoston Financial Corporation 1993 Incentive Stock and Option Plan (formerly Summit Bancorp 1993 Incentive Stock and Option Plan) or the FleetBoston Financial
Corporation 1999 Non-Executive Option Plan (formerly Summit Bancorp 1999 Non-Executive Option Plan) provide for an additional twelve-month post-termination exercise period upon termination (other than due to death or retirement at or after age 62,
for which a longer period is provided under the award agreement) following a change in control. These provisions are fully described in the award agreements accompanying the awards made in the applicable timeframe. 
  
 The additional twelve-month post-termination exercise period will apply as described in the
attached Amendment to the Terms of Certain FleetBoston Nonqualified Stock Option Awards, and only to the extent the award agreement does not provide for a longer period of time and, provided, however, that the options do not expire before or within
the twelve-month period.

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