Document:

EX-10.11

Exhibit 10.11

FIRSTMERIT CORPORATION

DIRECTOR DEFERRED COMPENSATION PLAN

Amended and Restated Effective as of December 15, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE
	 
	 	 	 	 
	ARTICLE 1—PURPOSES
	 	 	1	 
	 
	 	 	 	 
	ARTICLE II—DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	2.1 Accounts
	 	 	1	 
	2.2 Affiliates
	 	 	1	 
	2.3 Aggregated Plan
	 	 	1	 
	2.4 Asset Account
	 	 	1	 
	2.5 Beneficiary
	 	 	2	 
	2.6 Board
	 	 	2	 
	2.7 Business Day
	 	 	2	 
	2.8 Cash Account
	 	 	2	 
	2.9 Closing Price
	 	 	2	 
	2.10 Code
	 	 	2	 
	2.11 Committee
	 	 	2	 
	2.12 Common Stock
	 	 	2	 
	2.13 Compensation
	 	 	2	 
	2.14 Corporation
	 	 	3	 
	2.15 Deferral Election
	 	 	3	 
	2.16 Director
	 	 	3	 
	2.17 Exchange Act
	 	 	3	 
	2.18 Investment Fund
	 	 	3	 
	2.19 Participant
	 	 	3	 
	2.20 Participation Agreement
	 	 	3	 
	2.21 Plan
	 	 	3	 
	2.22 Plan Year
	 	 	3	 
	2.23 Reamortization Date
	 	 	4	 
	2.24 Separation from Service
	 	 	4	 
	2.25 Stated Interest Rate
	 	 	4	 
	2.26 Stock Account
	 	 	4	 
	2.27 Stock Credit
	 	 	4	 
	2.28 Valuation Date
	 	 	4	 
	 
	 	 	 	 
	ARTICLE III—PARTICIPATION IN THE PLAN
	 	 	4	 
	 
	 	 	 	 
	3.1 Eligibility
	 	 	4	 
	3.2 Participation
	 	 	4	 
	3.3 Initial Year of Eligibility
	 	 	5	 
	3.4 Deferral Elections
	 	 	5	 
	 
	 	 	 	 
	ARTICLE IV—ACCOUNTS
	 	 	5	 
	 
	 	 	 	 
	4.1 Crediting Accounts
	 	 	5	 
	4.2 Cash Account
	 	 	5	 
	4.3 Stock Account
	 	 	5	 
	 
	 	 	 	 
	 
	 	 	(i	)

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE
	4.4 Asset Account
	 	 	6	 
	4.5 Transfers Among Investment Funds and Between Accounts
	 	 	6	 
	 
	 	 	 	 
	ARTICLE V—DISTRIBUTIONS
	 	 	8	 
	 
	 	 	 	 
	5.1 Distributions upon Separation from Service (Other Than Death)
	 	 	8	 
	5.2 Distributions from Cash Accounts and Asset Accounts
	 	 	8	 
	5.3 Distributions from Stock Accounts
	 	 	8	 
	5.4 Small Accounts
	 	 	9	 
	5.5 In-Service Distributions
	 	 	9	 
	5.6 Accelerated Distribution
	 	 	10	 
	5.7 Distribution upon Death
	 	 	11	 
	 
	 	 	 	 
	ARTICLE VI—BENEFICIARY DESIGNATION
	 	 	11	 
	 
	 	 	 	 
	6.1 Beneficiary Designation
	 	 	11	 
	6.2 Amendments
	 	 	11	 
	6.3 No Beneficiary Designation or Death of Beneficiary
	 	 	11	 
	6.4 Effect of Payment
	 	 	12	 
	 
	 	 	 	 
	ARTICLE VII—THE COMMITTEE
	 	 	12	 
	 
	 	 	 	 
	7.1 Authority
	 	 	12	 
	7.2 Elections, Notices
	 	 	12	 
	7.3 Agents
	 	 	12	 
	7.4 Binding Effect of Decisions
	 	 	12	 
	7.5 Indemnity of Committee
	 	 	12	 
	 
	 	 	 	 
	ARTICLE VIII—SHARES AVAILABLE
	 	 	12	 
	8.1 Number
	 	 	12	 
	8.2 Adjustments
	 	 	13	 
	 
	 	 	 	 
	ARTICLE IX—MISCELLANEOUS
	 	 	13	 
	 
	 	 	 	 
	9.1 Unfunded Plan
	 	 	13	 
	9.2 Non-alienation of Benefits
	 	 	13	 
	9.3 Invalidity
	 	 	14	 
	9.4 Governing Law
	 	 	14	 
	9.5 Amendment, Modification and Termination of the Plan
	 	 	14	 
	9.6 Successors and Heirs
	 	 	14	 
	9.7 Status as Shareholders
	 	 	14	 
	9.8 Rights
	 	 	14	 
	9.9 Use of Terms
	 	 	14	 
	9.10 Statement of Accounts
	 	 	15	 
	9.11 Compliance with Laws
	 	 	15	 
	9.12 Plan Construction
	 	 	15	 
	 
	 	 	 	 
	 
	 	(ii)

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE
	9.13 Headings Not Part of Plan
	 	 	15	 
	9.14 Extension of Plan to Affiliates
	 	 	15	 
	 
	 	 	 	 
	ARTICLE X—CODE SECTION 409A
	 	 	15	 
	 
	 	 	 	 
	10.1 Compliance with Code Section 409A
	 	 	15	 
	10.2 Payments Upon Income Inclusion Under Code Section 409A
	 	 	16	 
	 
	 	 	 	 
	 
	 	(iii)

 

 

FIRSTMERIT CORPORATION

DIRECTOR DEFERRED COMPENSATION PLAN

AMENDED AND RESTATED AS OF DECEMBER 15, 2008

     This Plan is hereby amended and restated as of December 15, 2008 in order to comply with the
requirements of Code Section 409A, to increase the number of shares of Common Stock available for
issuance under the Plan and to combine into a single plan the FirstMerit Corporation Director
Deferred Compensation Cash Plan and the FirstMerit Corporation Director Deferred Compensation Stock
Plan, both of which were effective as of January 1, 2001.

ARTICLE 1—PURPOSES

     The purposes of the Plan are (i) to provide Directors with flexibility with respect to the
form and timing of the payment of Compensation, (ii) to more closely align the interests of
Directors with the interests of the Corporation’s shareholders, and (iii) to assist the Corporation
and its Affiliates in attracting and retaining qualified individuals to serve as Directors.

ARTICLE II—DEFINITIONS

     Whenever used in the Plan, the following terms shall have the meaning set forth or referenced
below:

	2.1	 	Accounts

     “Accounts” means a Participant’s Cash Accounts, Stock Accounts and Asset Accounts.

	2.2	 	Affiliates

     “Affiliates” means affiliated or subsidiary entities of the Corporation as defined in Code
Sections 414(b) and (c). An Affiliate may elect to participate in the Plan and the Board may
approve such election in its sole discretion.

2.3 Aggregated Plan

     “Aggregated Plan” means any agreement, method, program or other arrangement that, along with
the Plan, would be treated as a single nonqualified deferred compensation plan under Code Section
409A.

2.4 Asset Account

     “Asset Account” means the sub-account(s) maintained by the Committee in the name of a
Participant pursuant to Section 4.4.

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2.5 Beneficiary

     “Beneficiary” means the person, persons, or entity (including without limitation any trustee)
last designated by the Participant to receive benefits specified hereunder in the event of the
Participant’s death.

2.6 Board

     “Board” means the Board of Directors of the Corporation.

2.7 Business Day

     “Business Day” means a day, except for a Saturday, Sunday, a legal holiday or a day when the
primary stock exchange on which the Common Stock is traded is not open.

2.8 Cash Account

     “Cash Account” means the sub-account(s) maintained by the Committee in the name of a
Participant pursuant to Section 4.2.

2.9 Closing Price

     “Closing Price” means the closing price of the Common Stock as reported on the National
Association of Securities Dealers Automated Quotation System.

2.10 Code

     “Code” means the Internal Revenue Code of 1986, as amended, and including any rules or
regulations promulgated thereunder.

2.11 Committee

     “Committee” means the Compensation Committee of the Board.

2.12 Common Stock

     “Common Stock” means the common shares, no par value, of the Corporation.

2.13 Compensation

     “Compensation” means all fees payable to a Director for services to the Corporation and/or an
Affiliate as a director, including retainer fees for service on, and fees for attendance at
meetings of, the Board and any committees thereof, as established by the Board from time to time,
but excluding reimbursements for expenses.

PAGE 2 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

2.14 Corporation

     “Corporation” means FirstMerit Corporation, an Ohio corporation, and any successor to the
business thereto.

2.15 Deferral Election

     “Deferral Election” means an irrevocable annual election to defer Compensation and the
corresponding distribution elections, made by a Participant pursuant to Articles III, IV and V and
for which a Participation Agreement has been submitted by the Participant to the Committee.

2.16 Director

     “Director” means any individual serving on the Board or on the board of directors of an
Affiliate, who is not an employee of the Corporation or an Affiliate, or any individual serving as
a Community Board Advisor (or like designation).

	2.17	 	Exchange Act

     “Exchange Act” means the Securities Exchange Act of 1934, as amended.

	2.18	 	Investment Fund

     “Investment Fund” means an investment fund in which Accounts may be deemed to be invested. An
Investment Fund may be any open-ended fund, closed-end fund, a fund which is deemed to be invested
in a particular stock or other investment except Common Stock, or a fund which credits a fixed or
variable interest rate determined by the Committee.

2.19 Participant

     “Participant” means a Director who has made a Deferral Election, or a former Director who has
an Account.

2.20 Participation Agreement

     “Participation Agreement” means the agreement, whether written or provided through electronic
means, to make a Deferral Election, which, except as provided in Section 3.3, must be submitted by
a Director to the Committee or its delegates prior to the Plan Year to which the Deferral Election
applies.

2.21 Plan

     “Plan” means the FirstMerit Corporation Director Deferred Compensation Plan, as amended from
time to time.

	2.22	 	Plan Year

     “Plan Year” means the calendar year.

PAGE 3 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

	2.23	 	Reamortization Date

     “Reamortization Date” means the date on which benefit payments are recalculated to account for
changes in investment performance or interest rates. This date shall be the last Business Day of
October, effective on January 1 of the next Plan Year.

2.24 Separation from Service

     “Separation from Service” means the Participant’s “separation from service” (as defined in
Code Section 409A) with the Corporation and all Affiliates.

2.25 Stated Interest Rate

     “Stated Interest Rate” means, with respect to any calendar month, two (2) percentage points
over the average of the composite yield on Moody’s Average Corporate Bond Yield for the month of
October immediately preceding the Plan Year as determined from Moody’s Bond Record published by
Moody’s Investors Services, Inc. (or any successor thereto), or, if such monthly yield is no longer
published, a substantially similar average selected by the Corporation. The Committee shall
establish the Stated Interest Rate effective as of January 1 of each Plan Year, which, once
established, shall be used for all interest determinations during such Plan Year.

2.26 Stock Account

     “Stock Account” means the sub-account(s) maintained by the Committee in the name of a
Participant pursuant to Section 4.3.

2.27 Stock Credit

     “Stock Credit” means a credit to a Participant’s Stock Account, calculated pursuant to Section
4.3(b) of this Plan.

2.28 Valuation Date

     “Valuation Date” means the last Business Day of the month in which the Participant has a
Separation from Service or dies.

ARTICLE III—PARTICIPATION IN THE PLAN

3.1 Eligibility

     All Directors of the Company and a participating Affiliate shall be eligible to participate in
the Plan.

3.2 Participation

     A Director may elect to participate in the Plan each Plan Year by filing with the Committee a
Deferral Election in a Participation Agreement prior to January 1 of the Plan Year in which
Compensation is earned for services performed during such Plan Year, except as set forth in Section
3.3 herein. Such

PAGE 4 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

Deferral Election shall be irrevocable as of the December 31 immediately
preceding the Plan Year for which the election is made and shall remain in effect for one (1) Plan
Year only.

3.3 Initial Year of Eligibility

     An individual who becomes a Director between January 1 and June 30 shall be eligible to
participate in the Plan on the July 1 immediately following the date he becomes a Director. Such
Director may elect to participate in the Plan by filing with the Committee a Deferral Election in a
Participation Agreement no later than thirty (30) days after the date on which the individual
becomes a Director. Such Deferral Election shall be applicable only with respect to Compensation
for services performed after the later of July 1 or the date such election is made, and shall be
irrevocable thirty (30) days after the date on which the individual becomes a Director.
Notwithstanding the foregoing, this Section 3.3 shall not apply if,
at the time the individual becomes a Director, the individual also is eligible to participate in
any Aggregated Plan.

3.4 Deferral Elections

     Except as provided in Section 3.3, a Director may make a Deferral Election with respect to
Compensation earned for services performed during the immediately succeeding Plan Year by filing a
Participation Agreement with the Committee pursuant to Section 3.2. The amount to be deferred shall
be stated as a whole percentage up to one hundred percent (100%) of Compensation.

ARTICLE IV—ACCOUNTS

4.1 Crediting Accounts

     A Director’s deferred Compensation shall be credited to such Director’s Account(s) as of the
date such amount, absent the Deferral Election, would otherwise have been paid to such Director.

4.2 Cash Account

     (a) Establishing a Cash Account. A Participant may elect to establish an annual Cash
Account which shall be maintained solely for recordkeeping purposes pursuant to a Deferral
Election. A Participant shall be one hundred percent (100%) vested in his Cash Account at
all times.

     (b) Earnings. As of the last day of each calendar month, the Participant’s Cash
Account(s) shall be credited with earnings equal to the product of the average daily balance
of the Cash Account(s) during such month (determined after adjustment for any deferred
Compensation credited thereto and any amount distributed therefrom) and an interest rate
equal to the Stated Interest Rate.

4.3 Stock Account

     (a) Establishing a Stock Account. A Participant may elect to establish an annual Stock
Account which shall be maintained solely for recordkeeping purposes pursuant to a Deferral
Election. A Participant shall be one hundred percent (100%) vested in his Stock Account(s)
at all times.

PAGE 5 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

     (b) Stock Credits. Each Participant’s Stock Account shall be credited with Stock
Credits equal to the number of shares of Common Stock (including fractions of a share) that
could have been purchased with the amount of such Compensation the Participant elected to
allocate to the Stock Account at the Closing Price on the day as of which such Stock Account
is so credited.

     (c) Dividends. As of the date any cash dividend is paid to holders of shares of Common
Stock, a Participant’s Stock Account(s) shall be credited with additional Stock Credits
equal to the number of shares of Common Stock (including fractions of a share) that could
have been purchased at the Closing Price on such date with the amount that would have been
paid as dividends on that number of shares of Common Stock (including fractions of a share)
which is equal to the number of Stock Credits attributable to the Participant’s Stock
Account(s) as of the record date of such dividend. In the case of dividends paid in shares
of Common Stock, the Participant’s Stock Account(s) shall be credited with additional Stock
Credits equal to the number
of dividend shares that would have been received with respect to that number of shares of
Common Stock (including fractions of a share) which is equal to the number of Stock Credits
attributable to the Participant’s Stock Account(s) as of the record date of such dividend.

4.4 Asset Account

     (a) Establishing an Asset Account. With respect to each Plan Year commencing on or
after January 1, 2009, a Participant may elect to establish an annual Asset Account, which
shall be maintained solely for recordkeeping purposes, pursuant to a Deferral Election
allocation to one (1) or more Investment Funds. A Participant shall be one hundred percent
(100%) vested in his Asset Account at all times.

     (b) Selection of Investment Funds. The Committee shall have sole discretion in the
selection, number and types of Investment Funds for this Plan and may change or eliminate
Investment Funds from time to time in its sole discretion.

     (c) Investment Fund Performance. The deemed earnings, gains and losses of each
Investment Fund shall be determined by the Committee, in its reasonable discretion, based on
the performance of the Investment Funds themselves. The balance of a Participant’s Asset
Accounts shall be credited or debited on a daily basis based on the performance of each
Investment Fund in which a Participant’s Asset Accounts are deemed to be invested, such
performance and the crediting of such performance being determined by the Committee in its
sole discretion.

4.5 Transfers Among Investment Funds and Between Accounts

     (a) No Transfers. No amount credited to any Stock Account or Cash Account may be
transferred and credited to any Investment Fund, and no amount credited to an Investment
Fund may be transferred and credited to any Stock Account or Cash Account.

     (b) Investment Funds. Any amount credited to an Investment Fund may be transferred and
credited to any other Investment Fund at the direction of the Participant. Any such
direction from a Participant will become effective as of the first day of the next month
following the Participant’s request for a change.

     (c) Committee Procedures. The Committee may establish such rules and procedures as it
determines to be appropriate for the crediting of deferrals and transfers to Investment
Funds, for

PAGE 6 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

transfers among Investment Funds and for crediting deemed earnings, gains and
losses of an Investment Fund.

PAGE 7 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

ARTICLE V—DISTRIBUTIONS

5.1 Distributions upon Separation from Service (Other Than Death)

     Upon the Participant’s Separation from Service except due to death, distribution of the
Participant’s Account(s) shall be made or commence in accordance with such Participant’s applicable
Deferral Elections no later than thirty (30) days following the Valuation Date; provided, however,
that if the Participant elected a later month for distribution of his Compensation earned for
services performed prior to January 1, 2005 and deemed earnings credited thereon in accordance with
the terms of the Plan as of October 3, 2004, distribution of such amounts shall be distributed on
the date specified in accordance with the terms of the Plan as of October 3, 2004. Distributions
from the Cash Accounts and Asset Accounts shall be made in cash, and distributions from the Stock
Accounts shall be made in Common Stock, in an amount equal to the balance of each such Account as
further described in this Article V.

5.2 Distributions from Cash Accounts and Asset Accounts

(a) Manner of Payment

     (i) A Participant may elect in the Participation Agreement relating to a Cash
Account or Asset Account to receive such Account in monthly installments not to exceed
one hundred twenty (120) separate installments or in a single, lump sum distribution.
The Committee shall distribute such Account in accordance with such election or, if no
such election is made, in a single, lump sum distribution.

     (ii) Solely with respect to Deferral Elections attributable to Compensation earned
for services performed prior to January 1, 2005 and deemed earnings credited thereon,
the Participant may change a previously made election or make a new election which
shall become effective one (1) year after the date such election is submitted to the
Committee.

     (b) Installment Payments. The amount of a monthly installment from a Cash Account or
Asset Account shall be equal to the product of the current balance in such Account on the
Valuation Date and/or Reamortization Date and a fraction, the numerator of which is one (1)
and the denominator of which is the total number of installments elected, minus the number
of installments previously paid.

5.3 Distributions from Stock Accounts

(a) Manner of Payment

     (i) Solely with respect to Deferral Elections attributable to Compensation earned
for services performed prior to January 1, 2005 and deemed earnings credited thereon, a
Participant may elect to receive a Stock Account in monthly installments not to exceed
one hundred twenty (120) separate installments or in a single, lump sum distribution.
The Committee shall distribute such Account in accordance with the Participant’s
election, or if no such election is made, in a single, lump sum distribution. If the
Participant’s Stock Account includes a fractional Stock Credit, the number of Stock
Credits in such Stock Account shall be increased to the next highest whole number. The
Participant shall receive one (1) share of Common Stock with respect to each Stock
Credit allocated to such Participant’s Stock Account.

PAGE 8 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

     (ii) With respect to Deferral Elections attributable to Compensation earned for
services performed after December 31, 2004 and deemed earnings credited thereon after
that date, a Participant may elect to receive a Stock Account in annual installments
not to exceed ten (10) separate installments or in a single, lump sum distribution.
The Committee shall distribute such Account in accordance with the Participant’s
election, or if no such election is made, in a single, lump sum distribution. If the
Participant’s Stock Account includes a fractional Stock Credit, the number of Stock
Credits shall be increased to the next highest whole number. The Participant shall
receive one (1) share of Common Stock with respect to each Stock Credit allocated to
such Participant’s Stock Account.

     (iii) Solely with respect to Deferral Elections attributable to Compensation
earned for services performed prior to January 1, 2005 and deemed earnings credited
thereon, the Participant may change a previously made election or make a new election
which shall become effective one (1) year after the date such election is submitted to
the Committee.

     (b) Installment Payments. The amount of each installment from a Stock Account shall be
equal to the product of the current number of Stock Credits in such Stock Account on the
Valuation Date and/or Reamortization Date and a fraction, the numerator of which is one (1)
and the denominator of which is the total number of installments elected, minus the number
of installments previously paid.

5.4 Small Accounts

     (a) Solely with respect to Deferral Elections attributable to Compensation earned for
services performed prior to January 1, 2005 and deemed earnings credited thereon, and
notwithstanding any other provision of this Plan, if the Participant’s Account balance is
five thousand dollars ($5,000) or less on the Valuation Date, such Account balance shall be
paid in a single, lump sum distribution.

     (b) Solely with respect to Deferral Elections attributable to Compensation earned for
services performed after December 31, 2004 and deemed earnings credited thereon after that
date, and notwithstanding any other provision of the Plan, if the aggregate combined value
of the Participant’s Account(s) and amounts under any Aggregated Plan is not greater than
the Code Section 402(g)(1)(B) limit on elective deferrals on the Valuation Date, such
Account balance shall be paid in a single, lump sum distribution in cash and/or Common
Stock, as applicable.

     (c) Any payment under Section 5.4(b) must result in the termination and liquidation of
the entirety of the Participant’s interest under the Plan and all Aggregated Plans.

5.5 In-Service Distributions

     (a) Solely with respect to Deferral Elections attributable to Compensation earned for
services performed prior to January 1, 2005 and deemed earnings credited thereto, a
Participant may elect to withdraw all or a portion of his Accounts in substantially equal
annual installments of the Accounts amortized over a period of up to five (5) years or, if
approved by the Committee in its sole discretion, in a single, lump sum distribution. If a
Participant elects to withdraw all of such Accounts, the amount to be distributed in
installment payments shall be determined in the same manner as that set forth in Section
5.2(b) and 5.3(b), as of January 1 of each year in which

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an installment is to be received,
based on the remaining Account balances, as adjusted for gains and losses, and the remaining
number of installment payments. Adjustments for investment gains and
losses shall continue on the undistributed Account balances. Any such election must be in
writing and delivered to the Committee not less than one (1) year in advance of the payment
date.

     (b) Solely with respect to Deferral Elections attributable to Compensation earned for
services performed after December 31, 2004 and earnings credited thereon after that date, a
Participant may make an election in a Participation Agreement to receive amounts deferred in
the applicable Plan Year on a specified date that is no sooner than a date in the third
(3rd) Plan Year following the Plan Year to which the Deferral Election applies.
Such distribution shall be made in a lump sum within thirty (30) days after the specified
date.

     (c) The Participant may subsequently elect to change the date of the in-service
distribution under Section 5.5(b) subject to the following restrictions:

     (i) The new election shall be effective twelve (12) months following the date the
Participant files such election with the Committee;

     (ii) The new election is made at least twelve (12) months prior to the date an
amount is due to be paid pursuant to a prior election; and

     (iii) The new specified date of distribution is not less than five (5) years later
than the date the amount would otherwise have been paid to the Participant.

     (d) Notwithstanding anything herein to the contrary, if the Participant has a
Separation from Service or dies prior to the specified payment date, such election shall be
null and void and the Participant’s Accounts shall be distributed pursuant to Section 5.1,
5.2, 5.3, 5.4 and/or 5.7.

5.6 Accelerated Distribution

     (a) Solely with respect to Deferral Elections attributable to Compensation earned for
services performed prior to January 1, 2005 and deemed earnings credited thereon, a
Participant may elect to receive, upon written request to the Committee, a single, lump sum
distribution of more than ten thousand dollars ($10,000), or if less, the entire balance
held in such Accounts, from the Participant’s Accounts as of the end of the calendar month
prior to the month in which the Committee receives the written request. The amount requested
by the Participant under this Section 5.6 shall be paid in a single, lump sum distribution
within thirty (30) days following the receipt of the notice by the Committee from the
Participant. The Participant shall permanently forfeit ten percent (10%) of the amount
requested. The Corporation shall have no obligation to the Participant or his Beneficiary
with respect to such forfeited amount.

     (b) If a Participant receives a distribution pursuant to this Section 5.6, such
Participant shall not be eligible to participate in the Plan in the Plan Year immediately
following the Plan Year in which the accelerated distribution is requested. In addition, a
Participant who receives an accelerated distribution shall not receive another accelerated
distribution for a period of at least one (1) year from the date of distribution.

PAGE 10 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

5.7 Distribution upon Death

     Upon the death of a Participant, the Beneficiary shall be entitled to receive an amount equal
to the Participant’s Account balance, plus earnings, gains, losses and dividends on such Accounts
until all
benefits have been paid. Payments shall commence within thirty (30) days of the Participant’s date
of death.

     Each Participant may elect, on a Participation Agreement, to have death benefits covered by
such Participation Agreement paid in any manner described in Sections 5.2 and 5.3. If the
Participant dies after installment payments have commenced, the Committee shall pay the
Participant’s Beneficiary any remaining installment payments that would have been paid had the
Participant survived.

ARTICLE VI—BENEFICIARY DESIGNATION

6.1 Beneficiary Designation

     Each Participant shall have the right, at any time, to designate one (1) or more persons as
the primary or contingent Beneficiary(ies) to whom benefits under this Plan shall be paid in the
event of the Participant’s death prior to complete distribution to the Participant of the benefits
due under the Plan. Unless stated otherwise in writing in the form provided by the Committee,
payments hereunder shall be paid in equal shares to surviving Beneficiaries if more than one (1)
Beneficiary has been chosen. Each Beneficiary designation shall be in a written form prescribed by
the Committee and shall be effective only when filed with the Committee during the Participant’s
lifetime. If a Participant’s Compensation is community property, any Beneficiary designation shall
be valid or effective only as permitted under applicable law.

6.2 Amendments

     Any Beneficiary designation may be changed by a Participant without the consent of any
Beneficiary by the filing of a new Beneficiary designation with the Committee.

6.3 No Beneficiary Designation or Death of Beneficiary

     In the absence of an effective Beneficiary designation, or if all designated Beneficiaries
predecease the Participant, the Participant’s Beneficiary shall be the person in the first of the
following classes in which there is a survivor:

	 	(a)	 	The surviving spouse; and
	 
	 	(b)	 	The Participant’s estate.

     In the event of the death of a Beneficiary after payments commence but prior to the
Beneficiary receiving all benefit payments hereunder, the remaining balance shall be paid in a lump
sum to the estate of the Beneficiary.

PAGE 11 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

6.4 Effect of Payment

     Payment to the Beneficiary (or to the Beneficiary’s estate) shall completely discharge the
Corporation’s obligations under this Plan.

ARTICLE VII—THE COMMITTEE

7.1 Authority

     The Committee shall have full power and authority to administer the Plan, including the power
to (i) promulgate forms to be used with respect to the Plan, (ii) promulgate rules of Plan
administration, (iii) settle any disputes as to rights or benefits arising from the Plan, (iv)
interpret the terms of the Plan and (v) make such decisions or take such action as the Committee,
in its sole discretion, deems necessary or advisable to aid in the proper administration of the
Plan.

7.2 Elections, Notices

     All elections and notices required to be provided to the Committee under the Plan must be on
such form or forms prescribed by, and contain such information as is required by, the Committee.

7.3 Agents

     The Committee may appoint an individual or individuals to be the Committee’s agent with
respect to the day-to-day administration of the Plan. In addition, the Committee may, from time to
time, employ other agents and delegate to them such administrative duties as it sees fit, and may
from time to time consult with counsel who may be counsel to the Corporation.

7.4 Binding Effect of Decisions

     The decision or action of the Committee with respect to any question arising out of or in
connection with the administration, interpretation and application of the Plan and the rules and
regulations promulgated hereunder shall be final and binding upon all persons having any interest
in the Plan.

7.5 Indemnity of Committee

     The Corporation has entered into Indemnification Agreements with each of the members of the
Committee protecting them against such claims, losses, damages, expenses or liabilities arising
from any action or failure to act with respect to this Plan, except as otherwise indicated in such
Indemnification Agreement.

ARTICLE VIII—SHARES AVAILABLE

8.1 Number

     Seven hundred fifty thousand (750,000) shares of Common Stock are available for issuance under
the Plan in accordance with the provisions hereof and such other provisions as the Committee may
from time to time deem necessary. This authorization may be increased from time to time by approval
of the Board and by the shareholders of the Corporation if, in the opinion of counsel for the
Corporation, such

PAGE 12 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

shareholder approval is required. Stock Credits allocated to a Participant’s
Accounts shall be applied to reduce the maximum number of shares of Common Stock remaining
available under the Plan. Shares of Common Stock issuable under the Plan may be taken either from
authorized but unissued or treasury shares, as determined by the Corporation.

8.2 Adjustments

     (a) If at any time the number of outstanding shares of Common Stock shall be increased
as the result of any stock dividend, stock split, subdivision or reclassification of shares,
the number of shares of Common Stock available under Section 8.1 and the number of Stock
Credits with which each Participant’s Account is credited shall be increased in the same
proportion as the outstanding number of shares of Common Stock is increased. If the number
of outstanding shares of Common Stock shall at any time be decreased as the result of any
combination, reverse stock split or reclassification of shares, the number of shares of
Common Stock available under Section 8.1 and the number of Stock Credits with which each
Participant’s Account is credited shall be decreased in the same proportion as the
outstanding number of shares of Common Stock is decreased.

     (b) In the event the Corporation shall at any time be consolidated with or merged into
any other corporation and holders of shares of Common Stock receive shares of the capital
stock of the resulting or surviving corporation, there shall be credited to each
Participant’s Stock Account, in place of the Stock Credits then credited thereto, new Stock
Credits in an amount equal to the product of the number of shares of capital stock exchanged
for one (1) share of Common Stock upon such consolidation or merger and the number of Stock
Credits with which the Participant’s Account then is credited, and the number of shares of
Common Stock available under Section 8.1 shall be similarly adjusted. If in such a
consolidation or merger, holders of shares of Common Stock shall receive any consideration
other than shares of the capital stock of the resulting or surviving corporation or its
parent corporation, the Committee, in its sole discretion, shall determine the appropriate
change in Participants’ Accounts.

ARTICLE IX—MISCELLANEOUS

9.1 Unfunded Plan

     No promise hereunder shall be secured by any specific assets of the Corporation or any
Affiliate, nor shall any assets of the Corporation or its Affiliates be designated as attributable
or allocated to the satisfaction of such promises. Participants shall have no rights under the Plan
other than as unsecured general creditors of the Corporation and its Affiliates.

9.2 Non-alienation of Benefits

     No benefit under the Plan shall be subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, or charge, and any attempt to do so shall be void. No
such benefit, prior to receipt thereof pursuant to the provisions of the Plan, shall be in any
manner liable for or subject to the debts, contracts, liabilities, engagements or torts of the
Participant.

PAGE 13 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

9.3 Invalidity

     If any term or provision contained herein is to any extent invalid or unenforceable, such term
or provision will be reformed so that it is valid, and such invalidity or unenforceability will not
affect any other provision or part hereof.

9.4 Governing Law

     This Plan shall be governed by the laws of the State of Ohio, without regard to the conflict
of law provisions thereof.

9.5 Amendment, Modification and Termination of the Plan

     The Board at any time may terminate and in any respect amend or modify the Plan; provided,
however, that no such termination, amendment or modification shall adversely affect the rights of
any Participant or Beneficiary, including his rights with respect to Cash and Stock Account
balances credited prior to such termination, amendment or modification, without his consent.
Notwithstanding the foregoing, the provisions of this Plan that determine the amount, price or
timing of benefits related to Stock Credits shall not be amended more than once every six (6)
months (other that as may be necessary to conform to any applicable changes in the Code), unless
such amendment would be consistent with the provisions of Rule 16b-3 (or any successor provisions)
promulgated under the Exchange Act. Following termination of the Plan, the Committee may distribute
Participants’ Account balances attributable to Deferred Compensation after December 31, 2004 and
deemed earnings, gains and losses credited thereon if such distribution is permissible under, and
would not result in any Participant being subject to tax penalties pursuant to, Code Section 409A.

9.6 Successors and Heirs

     The Plan and any properly executed elections hereunder shall be binding upon the Corporation,
its Affiliates and Participants, and upon any assignee or successor in interest to the Corporation
or any Affiliate and upon the heirs, legal representatives and Beneficiaries of any Participant.

9.7 Status as Shareholders

     Stock Credits are not, and do not constitute, shares of Common Stock, and no right as a holder
of shares of Common Stock shall devolve upon a Participant unless and until such shares are issued
to the Participant or Beneficiary.

9.8 Rights

     Participation in this Plan shall not give any Director the right to continue to serve as a
member of the Board or the board of directors of any Affiliate or any rights or interests other
than as herein provided.

9.9 Use of Terms

     The masculine includes the feminine and the plural includes the singular, unless the context
clearly indicates otherwise.

PAGE 14 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

9.10 Statement of Accounts

     Each Participant in the Plan during the immediately preceding Plan Year shall receive a
statement of his Accounts under the Plan as of December 31 of such preceding Plan Year. Such
statement shall be in a form and contain such information as is deemed appropriate by the
Committee.

9.11 Compliance with Laws

     This Plan and the payment and deferral of Compensation under this Plan are subject to
compliance with all applicable federal and state laws, rules and regulations (including but not
limited to state and federal reporting, registration, insider trading and other securities laws)
and to such approvals by any listing agency or any regulatory or governmental authority as may, in
the opinion of counsel for the Corporation, be necessary or advisable in connection therewith. Any
securities delivered under this Plan shall be subject to such restrictions, and the person
acquiring the securities shall, if requested by the Corporation, provide such assurances and
representations to the Corporation as the Corporation may deem necessary or desirable to assure
compliance with all applicable legal requirements.

9.12 Plan Construction

     Anything in this Plan to the contrary notwithstanding, it is the intent of the Corporation
that all transactions under the Plan satisfy the applicable requirements of Rule 16b-3 promulgated
under Section 16 of the Exchange Act so that a Director who is or becomes a member of a committee
administering stock compensation plans of the Corporation will be “disinterested” as defined in
Rule 16b-3 for purposes of administering such plans, will be entitled to the benefits of Rule 16b-3
or other exemptive rules under Section 16 of the Exchange Act, and will not be subjected to
avoidable liability thereunder. To the extent any provision of the Plan, action by the Committee or
election by a Director fails to so comply, it shall be deemed null and void to the extent permitted
by law.

9.13 Headings Not Part of Plan

     Headings and subheadings in the Plan are inserted for reference only and are not to be
considered in the construction of the Plan.

9.14 Extension of Plan to Affiliates.

     By action of its Board, the Corporation may terminate an Affiliate’s eligibility to
participate in the Plan; provided, however, that such termination shall not be effective until the
last day of the calendar year in which such action was taken. Upon termination of an Affiliate’s
eligibility, the Affiliate shall remain obligated to pay such deferred compensation in accordance
with the provisions of the Plan in effect immediately prior to the date of such termination.

ARTICLE X—CODE SECTION 409A

10.1 Compliance with Code Section 409A

     Notwithstanding anything herein to the contrary, all provisions in this document shall be
interpreted, to the extent possible, to be in compliance with Code Section 409A. However, in the
event any provision of this Plan is determined to not be in compliance with Code Section 409A and
any

PAGE 15 — DIRECTOR DEFERRED COMPENSATION PLAN

 

 

guidance promulgated thereunder, such provision shall be null and void to the extent of such
noncompliance. Nothing in this Plan shall be construed as an entitlement to or guarantee of any
particular tax treatment for any Participant, and none of the Corporation, any of its Affiliates,
the Board or the Committee shall have any liability with respect to any failure to comply with the
requirements of Code Section 409A.

10.2 Payments Upon Income Inclusion Under Code Section 409A

     Notwithstanding anything to the contrary contained herein, the Corporation may accelerate the
time or schedule of a distribution to a Participant at any time the Plan fails to meet the
requirements of Code Section 409A. Such distribution may not exceed the amount required to be
included in income as a result of the failure to comply with the requirements of Code Section 409A.

	 	 	 	 	 	 	 
	 

	 	 	 	FIRSTMERIT CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	   By:

   Its:
	 	/s/ Christopher J. Maurer
 

Executive Vice President — H.R.
	 	 
	 
	 	 	 	 	 	 
	 

	 	Dated:
	 	12/16/2008	 	 

PAGE 16 — DIRECTOR DEFERRED COMPENSATION PLANEX-10.12

Exhibit 10.12

FIRSTMERIT CORPORATION

AMENDED AND RESTATED

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

     The Company originally adopted the Plan (formerly known as the FirstMerit Corporation
Executive Supplemental Retirement Plan), effective as of February 13, 1987. The Company amended
and restated the Plan, effective as of August 28, 1995, in order to provide supplemental retirement
benefits for certain management employees who become Members of the Plan. The Plan was amended and
restated again, effective as of January 1, 2001, in order to incorporate the amendments to the Plan
adopted since its last restatement and to revise certain of the benefits provided under the Plan.
Effective December 31, 2007, no further employees were permitted to become participants in the
Plan.

     The Company is amending and restating the Plan as hereinafter provided to, among other things,
incorporate the amendments to the Plan adopted since its last restatement and to incorporate
changes required by Code Section 409A and the Treasury Regulations promulgated thereunder.

ARTICLE I

TITLE AND EFFECTIVE DATE

     Section 1.01 This Plan shall be known as the FirstMerit Corporation Amended and
Restated Supplemental Executive Retirement Plan.

     Section 1.02 The “Effective Date” of the Plan, as amended and restated herein, shall
be January 1, 2008.

ARTICLE II

DEFINITIONS

     As used herein, the following words and phrases shall have the meanings specified below unless
a different meaning is clearly required by the context:

     Section 2.01 “Actuarial Equivalent” or “Actuarially Determined” shall mean a benefit
of equivalent value when computed on the basis of the assumptions as to interest and mortality set
forth in the Qualified Plan. Notwithstanding the foregoing, for purposes of making computations
under this Section with regard to the CEO, the assumed rate of interest shall be the rate of
interest determined on the relevant date in accordance with the terms of the Qualified Plan as of
May 15, 2006, that were applicable for purposes of determining an actuarially equivalent lump sum
for distributions made after December 31, 1997.

     Section 2.02 “Affiliate” shall mean any entity with whom the Company would be
considered a single employer under Code Sections 414(b) and 414(c).

     Section 2.03 “Attained Age” shall mean the age of a Member as of his or her last
birthday. Notwithstanding the foregoing, for purposes of Section 4.02, the Attained Age of the CEO
shall be increased by (a) three (3) years, unless the CEO’s employment is terminated for

 

 

Cause (as such term is defined in the CEO Employment Agreement), plus (b) such additional
years, if any, provided in accordance with the terms of the CEO Change Agreement.

     Section 2.04 “Average Monthly Earnings” shall mean an amount determined by dividing by
thirty-six (36) the sum of the Member’s Total Compensation for the three (3) calendar years during
the last five (5) calendar years of the Member’s employment with the Employer in which the Member’s
Total Compensation was the highest, regardless of whether such calendar years were consecutive. If
the Member was employed by the Employer for less than three (3) full calendar years, “Average
Monthly Earnings” shall mean an amount determined by dividing the number of full months that the
Member was employed by the Employer into the Member’s Total Compensation for the period during
which the Member was employed by the Employer.

     Section 2.05 “Beneficiary” shall mean any person who is or persons who are designated
by the Member to receive any Death Benefits payable under this Plan.

     Section 2.06 “Benefit Commencement Date” shall mean the earliest date on which a
Member will receive or begin to receive Monthly Retirement Income pursuant to Section 4.04 or
Article VI.

     Section 2.07 “Board of Directors” shall mean the Board of Directors of the Company.

     Section 2.08 “CEO” shall mean the Chief Executive Officer of the Company as of January
17, 2008.

     Section 2.09 “CEO Change Agreement” shall mean the Change in Control Termination
Agreement or the Displacement Agreement by and between the Company and the CEO that is in effect as
of January 17, 2008, as may be amended from time to time.

     Section 2.10 “CEO Employment Agreement” shall mean the Employment Agreement by and
between the Company and the CEO that is in effect as of January 17, 2008.

     Section 2.11 “Code” shall mean the Internal Revenue Code of 1986, as amended.

     Section 2.12 “Committee” shall mean the Compensation Committee of the Board of
Directors.

     Section 2.13 “Company” shall mean FirstMerit Corporation, an Ohio corporation.

     Section 2.14 “Death Benefit” shall mean any benefit paid to a Beneficiary upon the
death of a Member as provided under the terms of this Plan.

     Section 2.15 “Disability” or “Disabled” shall mean (a) with respect to Pre-2005
Monthly Retirement Income, eligibility for disability benefits under the terms of the Employer’s
Long-Term Disability plan in effect from time to time; and (b) with respect to Post-2004 Monthly
Retirement Income, the Member is: (i) unable to engage in any substantial gainful activity by
reason of any medically determinable physical or mental impairment that can be expected to result
in death or can be expected to last for a continuous period of not less than

-2-

 

twelve (12) months; (ii) by reason of any medically determinable physical or mental impairment
that can be expected to result in death or can be expected to last for a continuous period of not
less than twelve (12) months, receiving income replacement benefits for a period of not less than
three (3) months under an accident and health plan covering employees of the Member’s employer; or
(iii) determined to be totally disabled by the Social Security Administration or the Railroad
Retirement Board.

     Section 2.16 Reserved.

     Section 2.17 “Effective Date” shall have the meaning set forth in Section 1.02.

     Section 2.18 “Employer” shall mean (a) the Company and (b) any Affiliate that is
authorized by the Board of Directors or the Committee to participate in this Plan. For purposes of
this Plan, “Employer” shall include any organization into which or with which the Employer may
merge or consolidate or to which all or substantially all of its assets may be transferred, and the
successors and assigns of any of the foregoing; provided that such entity meets the requirements
set forth in the preceding sentence.

     Section 2.19 “401(k) Plan” shall mean the FirstMerit Corporation and Affiliates
Employees’ Salary Savings Retirement Plan, as amended from time to time.

     Section 2.20 “Member” shall mean an employee of the Employer who is part of a select
group of management and has become a Member as provided in Article III hereof.

     Section 2.21 “Monthly Retirement Income” shall mean the monthly income, calculated
under either Section 4.01 or 4.02, as applicable, which is payable to a Member pursuant to the
terms of this Plan.

     Section 2.22 “Normal Retirement Date” shall mean the first day of the month coinciding
with or immediately following the Member’s sixty-fifth (65th) birthday.

     Section 2.23 “Plan” shall mean the FirstMerit Corporation Amended and Restated
Supplemental Executive Retirement Plan, as amended from time to time.

     Section 2.24 “Plan Administrator” shall mean the person or entity designated as such
in accordance with Section 7.01.

     Section 2.25 “Post-2004 Monthly Retirement Income” shall mean the portion of a
Member’s Monthly Retirement Income which is not Pre-2005 Monthly Retirement Income.

     Section 2.26 “Pre-2005 Monthly Retirement Income” shall mean the portion, if any, of a
Member’s Monthly Retirement Income that was earned and vested under the Plan (within the meaning of
Code Section 409A) as of December 31, 2004 and any earnings (whether actual or notional)
attributable to such portion of the Member’s Monthly Retirement Income (within the meaning of
Section 409A of the Code and the Treasury Regulations promulgated thereunder) and any earnings
(whether actual or notional) thereon.

-3-

 

     Section 2.27 “Previous Employer Plan” shall mean any qualified retirement, pension or
profit sharing plan or similar fund or program of any previous employer of a Member in which a
Member participated, including without limitation, any defined contribution plan, simplified
employer plan or, if a Member’s previous employer was unincorporated or the Member was previously
self-employed, or considered to be self-employed, any Keogh plan which was established by the
Member or in which the Member was a participant. The term “Previous Employer Plan” shall not
include the amounts credited to a Member under a 401(k), savings or thrift plan maintained by a
Member’s previous employer that are attributable to the Member’s salary deferral or post-tax
contributions and any investment earnings thereon.

     Section 2.28 “Primary Social Security Benefit” shall mean the estimated Primary
Insurance Amount (payable monthly) available to a Member at age sixty-five (65) under the Social
Security Act, as amended and as in effect at the Member’s Benefit Commencement Date.

     Section 2.29 “Projected Account Balance” shall mean the Member’s account balance, if
any, under a Previous Employer Plan as of the date of his termination of employment with his
previous employer plus interest thereon through and including the Member’s Benefit Commencement
Date at a compound rate of interest equal to the rate of interest used in the Qualified Plan for
purposes of determining actuarial equivalence. Notwithstanding the foregoing, the Projected
Account Balance of the CEO shall be computed using the rate of interest determined on the relevant
date in accordance with the terms of the Qualified Plan as of May 15, 2006, that was applicable for
purposes of determining an actuarially equivalent lump sum for distributions made after December
31, 1997.

     Section 2.30 “Qualified Plan” shall mean the Pension Plan for Employees of FirstMerit
Corporation and Affiliates, as amended from time to time.

     Section 2.31 “Retirement Date” shall mean the first day of the month coinciding with
or immediately following the month the Member terminates employment with the Employer on or after
reaching age fifty-five (55).

     Section 2.32 “Separation From Service” shall mean a “separation from service” from the
Employer within the meaning of Code Section 409A and Treasury Regulation Section 1.409A-1(h). With
respect to any Post-2004 Monthly Retirement Income, wherever used in this Plan, any form of the
words “retire” or “terminate” in connection with a Member’s employment shall mean a Separation From
Service.

     Section 2.33 “Specified Employee” shall mean a “specified employee” as defined in Code
Section 409A and Treasury Regulation Section 1.409A-1(i) and as determined under the Company’s
policy for determining specified employees.

     Section 2.34 “Total Compensation” shall mean the total of the Member’s “Compensation,”
as defined and determined under the Qualified Plan, plus the incentive compensation received by the
Member under the Employer’s Executive Incentive Compensation Plan during a calendar year. “Total
Compensation” specifically excludes compensation received by a Member as a result of the exercise
of a non-qualified stock option, the sale of stock acquired under an incentive stock option or the
vesting of an award of dividend units or restricted stock.

-4-

 

     Section 2.35 “Unfunded Supplemental Benefit Plan” shall mean the “excess benefit plan”
known as the FirstMerit Corporation Unfunded Supplemental Benefit Plan (effective as of January 1,
1984), as amended from time to time.

     Section 2.36 “Vested Percentage” shall have the meaning ascribed to it in Section
4.05.

     Section 2.37 For purposes of determining a Member’s Vested Percentage, a “Year of
Service” shall mean a period of twelve (12) consecutive months commencing on the date that an
employee of the Employer first becomes a Member of this Plan, or on any anniversary of such date,
during which the Member completes at least One Thousand (1,000) Hours of Service (as defined in the
Qualified Plan); provided, however, that the Committee, in its sole discretion, may credit a Member
with Years of Service for purposes of determining such Member’ s Vested Percentage with respect to
any period prior to the date that the Member first became a Member of this Plan, regardless of
whether the Member was an employee of the Employer during all or a portion of such prior period.
Notwithstanding the foregoing, for purposes of calculating his Vested Percentage, the CEO shall be
credited with (a) three (3) additional Years of Service, unless the CEO’s employment is terminated
for Cause (as such term is defined in the CEO Employment Agreement), plus (b) such additional Years
of Service, if any, provided under the terms of the CEO Employment Agreement and the CEO Change
Agreement, as applicable.

ARTICLE III

MEMBERSHIP IN THE PLAN

     Section 3.01 Eligibility for membership in this Plan shall be determined by the Board
of Directors in its sole discretion, on an individual basis; provided, however, that no employee of
the Employer shall become a Member of the Plan after December 31, 2007. Any individual who is
participating in the Plan immediately prior to the Effective Date shall continue to participate in
the Plan after the Effective Date, subject to the terms and conditions of the Plan.

ARTICLE IV

MONTHLY RETIREMENT INCOME

     Section 4.01 Subject to the provisions of Article X, a Member whose Benefit
Commencement Date coincides with or is subsequent to his Normal Retirement Date shall be entitled
to receive a Monthly Retirement Income calculated under this Section 4.01. The amount of a
Member’s Monthly Retirement Income under this Section 4.01 shall be equal to fifty percent (50%) of
his Average Monthly Earnings reduced by the following amounts:

     (a) Fifty percent (50%) of his monthly Primary Social Security Benefit payable at his Benefit
Commencement Date under the Social Security law in effect at that time;

     (b) One hundred percent (100%) of his monthly income payable under the Qualified Plan,
calculated in the form of a straight life annuity commencing on the Member’s Benefit Commencement
Date;

     (c) One hundred percent (100%) of his monthly income, if any, payable under the Unfunded
Supplemental Benefit Plan, calculated in the form of a straight life annuity commencing on the
Member’s Benefit Commencement Date;

-5-

 

     (d) [Reserved];

     (e) One hundred percent (100%) of the straight life annuity commencing on the Member’s Benefit
Commencement Date that is the Actuarial Equivalent of the aggregate Matching Contributions, if any,
credited to the Member’s Matching Contribution Account, Profit Sharing Account and Retirement
Investment Plan Account under the 401(k) Plan as of the Member’s Benefit Commencement Date,
excluding investment earnings on such Matching Contributions; and

     (f) One hundred percent (100%) of the benefits payable to the Member under any Previous
Employer Plan. Amounts payable to the Member pursuant to a Previous Employer Plan shall be
Actuarially Determined as a straight life annuity payable in equal monthly installments, regardless
of the actual form of benefit payable to, or received by, the Member. If the Previous Employer
Plan is a defined contribution plan, the amount of the offset shall be Actuarially Determined by
determining the amount of a straight life annuity payable to the Member commencing on his Benefit
Commencement Date from an amount equal to the Member’s Projected Account Balance from such Previous
Employer Plan; provided, however, that the amount of such straight life annuity shall be based upon
the actual value of the benefit accrued by the Member under the Previous Employer Plan determined
as of the Member’s Benefit Commencement Date, regardless of whether such benefit is payable from
the Previous Employer Plan or a rollover IRA, if the Member is able to provide the Plan
Administrator with satisfactory evidence that the actual value of his benefit from the Previous
Employer Plan is less than the Projected Account Balance.

Notwithstanding the foregoing, the Monthly Retirement Income of a Member, who was a Member of this
Plan immediately prior to January 1, 2001, shall be the greater of the Monthly Retirement Income
calculated in accordance with this Section 4.01, as amended on January 1, 2001, or the Monthly
Retirement Income calculated under Section 4.01 of the Plan as it existed immediately prior to
January 1, 2001, based upon the definition of Average Monthly Earnings in effect immediately prior
to January 1, 2001.

     Section 4.02 Subject to the provisions of Article X, a Member whose Benefit
Commencement Date precedes his Normal Retirement Date shall receive a Monthly Retirement Income as
calculated in Section 4.01, without regard to subparagraphs (a), (b), (c), (d), (e) and (f)
thereof, multiplied by the Member’s Vested Percentage as of the date of his termination of
employment with the Employer. The Monthly Retirement Income determined pursuant to the preceding
sentence shall be further reduced by three percent (3%) for every year that the Member’s Attained
Age on his Benefit Commencement Date is less than sixty-five (65) as set forth in the following
table.

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	 	 	MONTHLY RETIREMENT INCOME AS A
	 	 	PERCENT OF MONTHLY RETIREMENT
	 	 	INCOME CALCULATED UNDER SECTION
	 	 	4.01 WITHOUT REGARD TO
	ATTAINED AGE ON BENEFIT	 	SUBPARAGRAPHS (a), (b), (c), (d), (e) AND
	COMMENCEMENT DATE	 	(f)
	55
	 	70%
	56
	 	73%
	57
	 	76%
	58
	 	79%
	59
	 	82%
	60
	 	85%
	61
	 	88%
	62
	 	91%
	63
	 	94%
	64
	 	97%

     A Member’s Monthly Retirement Income calculated under this Section 4.02 shall be further
reduced by the following amounts:

     (a) Fifty percent (50%) of his Primary Social Security Benefit payable at his Benefit
Commencement Date under the Social Security law in effect at that time. (A Member whose Benefit
Commencement Date occurs prior to the Member attaining age sixty-two (62) shall have his benefits
reduced by fifty percent (50%) of his Primary Social Security Benefit payable at age sixty-two
(62), but such reduction shall not occur until the Member attains age sixty-two (62).);

     (b) One hundred percent (100%) of his monthly income payable under the Qualified Plan,
calculated in the form of a straight life annuity commencing on the Member’s Benefit Commencement
Date. (A Member whose Benefit Commencement Date occurs prior to the Member meeting the early
retirement eligibility requirements set forth in the Qualified Plan shall have his benefits reduced
by an amount that is the Actuarial Equivalent to the monthly income payable under the Qualified
Plan at age sixty-five (65), if any, calculated in the form of a straight life annuity.);

     (c) One hundred percent (100%) of his monthly income, if any, payable under the Unfunded
Supplemental Benefit Plan, calculated in the form of a straight life annuity commencing on the
Member’s Benefit Commencement Date. (A Member whose Benefit Commencement Date occurs prior to the
Member meeting the early retirement eligibility requirements set forth in the Unfunded Supplemental
Plan shall have his benefits reduced by an amount that is the Actuarial Equivalent to the monthly
income payable under the Unfunded Supplemental Plan at age sixty-five (65), if any, calculated in
the form of a straight life annuity.);

     (d) [Reserved];

     (e) One hundred percent (100%) of the straight life annuity commencing on the Member’s Benefit
Commencement Date that is the Actuarial Equivalent of the aggregate Matching Contributions, if any,
credited to the Member’s Matching Contribution Account, Profit

-7-

 

Sharing Account and Retirement Investment Plan Account under the 401(k) Plan as of the
Member’s Benefit Commencement Date, excluding investment earnings on such Matching Contributions;
and

     (f) One hundred percent (100%) of the benefits payable to the Member under any Previous
Employer Plan. Amounts payable to the Member pursuant to a Previous Employer Plan shall be
Actuarially Determined as a straight life annuity payable in equal monthly installments, regardless
of the actual form of benefit payable to, or received by, the Member. If the Previous Employer
Plan is a defined contribution plan, the amount of the offset shall be Actuarially Determined by
determining the amount of a straight life annuity payable to the Member commencing on his Benefit
Commencement Date from an amount equal to the Member’s Projected Account Balance from such Previous
Employer Plan; provided, however, that the amount of such straight life annuity shall be based upon
the actual value of the benefit accrued by the Member under the Previous Employer Plan determined
as of the Member’s Benefit Commencement Date, regardless of whether such benefit is payable from
the Previous Employer Plan or a rollover IRA, if the Member is able to provide the Plan
Administrator with satisfactory evidence that the actual value of his benefit from the Previous
Employer Plan is less than the Projected Account Balance.

Notwithstanding the foregoing, the Monthly Retirement Income of a Member, who was a Member of this
Plan immediately prior to January 1, 2001, and whose Benefit Commencement Date precedes his Normal
Retirement Date, shall be the greater of the Monthly Retirement Income calculated in accordance
with this Section 4.02, as amended on January 1, 2001, or the Monthly Retirement Income calculated
under Section 4.02 of the Plan as it existed immediately prior to January 1, 2001, based upon the
definition of Average Monthly Earnings in effect immediately prior to January 1, 2001.

     Section 4.03 If a Member remains in the employ of the Employer subsequent to his
Normal Retirement Date, the Member shall be entitled to receive a Monthly Retirement Income
calculated as though he had retired on his Normal Retirement Date.

     Section 4.04

     (a) A Member’s Pre-2005 Monthly Retirement Income shall be paid monthly commencing on the
Member’s actual Retirement Date and continuing on the same day of each month thereafter through and
including the month in which the Member’s death occurs. Alternatively, the Member may elect to
have his Pre-2005 Monthly Retirement Income paid as the Actuarial Equivalent of any form of payment
permitted under the Qualified Plan. Notwithstanding the preceding sentence, an election made by a
Member under the Qualified Plan with respect to the form of payment of his benefits under the
Qualified Plan shall not be effective with respect to the form of payment of his Pre-2005 Monthly
Retirement Income under this Plan unless such election is expressly approved in writing by the
Committee. If the Committee shall not approve such election in writing, then the form of payment
of the Member’s Pre-2005 Monthly Retirement Income under this Plan shall be selected by the
Committee in its sole discretion. Notwithstanding the foregoing, if the Pre-2005 Monthly
Retirement Income calculated in accordance with Section 4.01 (or Section 4.02) as it existed
immediately prior to January 1, 2001, yields a greater benefit than the benefit calculated in
accordance with Section

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4.01 (or Section 4.02) as amended on January 1, 2001, such benefit shall be paid monthly
commencing on the Member’s Retirement Date and continuing on the same day of each of the one
hundred and seventy-nine (179) months immediately following the month in which the Member’s
Retirement Date occurs. Notwithstanding the foregoing, if the Member terminates prior to attaining
age fifty-five (55), the Member’s Pre-2005 Monthly Retirement Income shall be payable in the same
form as described above but commencing within sixty (60) days following the date the Member attains
age fifty-five (55).

     (b) Subject to Sections 4.06, the vested portion of a Member’s Post-2004 Monthly Retirement
Income shall be paid in an Actuarial Equivalent single lump sum within sixty (60) days following
the later of (i) the Member’s Separation From Service and (ii) the date the Member attains age
fifty-five (55).

     Section 4.05 Subject to the provisions of Article X, upon termination of a Member’s
employment with the Employer, the Member shall be entitled to receive the vested portion of his
Monthly Retirement Income, which shall be paid in accordance with Section 4.04, Article V or
Article VI, as applicable. The vested portion of the Member’s Monthly Retirement Income shall be
equal to the Member’s Monthly Retirement Income calculated under Section 4.01, or under Section
4.02 if the Member’s Benefit Commencement Date precedes his Normal Retirement Date, multiplied by
the Member’s Vested Percentage as of the date of his termination of employment with the Employer.
A Member’s “Vested Percentage” shall be equal to ten percent (10%) multiplied by the Member’s Years
of Service; provided, however, that the Vested Percentage of a Member who has attained age
fifty-five (55) shall not be less than (a) fifty percent (50%) plus (b) ten percent (10%) times the
Member’s Years of Service completed after age fifty-five (55).

     Section 4.06 Notwithstanding any provision in the Plan to the contrary, any Post-2004
Monthly Retirement Income payable to a Specified Employee upon a Separation From Service cannot be
(or begin to be) distributed until the earlier of (a) the first day of the seventh (7th) month
following the date on which the Specified Employee has a Separation From Service or (b) the date on
which the Specified Employee dies. The first payment to be made shall include the cumulative
amount (if any) of any amounts that could not be paid during such postponement period.

     Section 4.07 The Company may accelerate the time or schedule of a payment of a
Member’s Post-2004 Monthly Retirement Income at any time the Plan fails to meet the requirements of
Code Section 409A and the Treasury Regulations promulgated thereunder. Such payment shall not
exceed the amount required to be included in income as a result of the failure to comply with the
requirements of Code Section 409A and the Treasury Regulations promulgated thereunder.

ARTICLE V

DEATH BENEFITS

     Section 5.01 Subject to the provisions of Section 5.02 and Article X, in the event of
the death of a Member, the Member’s Beneficiary shall receive the benefit, if any, to which he or
she

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is entitled in accordance with the time and form of benefit chosen by the Member in accordance
with Section 4.04.

     Section 5.02 Subject to the provisions of Article X, in the event of the death of a
Member prior to the date payment of his Monthly Retirement Income has commenced, such Member’s
Pre-2005 Monthly Retirement Income shall be distributed to the Member’s Beneficiary in one of the
following manners, at the Beneficiary’s option:

     (a) one hundred percent (100%) of the Member’s Pre-2005 Monthly Retirement Income calculated
as if the Member’s Benefit Commencement Date occurred on the day before his death, which amount
shall be payable commencing on the first day of the second month following the month in which the
Member’s death occurs and continuing on the same day of each of the immediately following one
hundred seventy-nine (179) months; or

     (b) fifty percent (50%) of the Member’s Pre-2005 Monthly Retirement Income calculated as if
the Member’s Benefit Commencement Date occurred on the day before his death, which amount shall be
payable commencing on the first day of the second month following the month in which the Member’s
death occurs and continuing on the same day of each month thereafter through and including the
month in which the Beneficiary’s death occurs.

     Section 5.03 The Death Benefits provided under subparagraphs (a) or (b) above shall be
calculated under Section 4.01 if the Member’s death occurs on or after his Normal Retirement Date
and under Section 4.02 if the Member’s death occurs prior to his Normal Retirement Date. If the
Member’s death occurs prior to his attainment of age fifty-five (55), the Death Benefit provided
under this Section 5.02 shall be determined under Section 4.02 as if the Member had attained age
fifty-five (55) on the date of his death.

ARTICLE VI

DISABILITY

     Section 6.01 Subject to the provisions of Article X, if a Member is determined to be
Disabled prior to his Normal Retirement Date, the Disabled Member shall be entitled to receive a
Monthly Retirement Income calculated pursuant to Section 4.01 commencing on his or her Normal
Retirement Date. Such Monthly Retirement Income shall be paid to the Disabled Member in the form
of benefit that would otherwise have been provided to the Member in accordance with Section 4.04.

ARTICLE VII

PLAN ADMINISTRATION

     Section 7.01 The Chief Human Resources Officer of the Company is the Plan
Administrator of the Plan. The Board of Directors shall have the right to change the Plan
Administrator at any time and from time to time. The Employer shall give the Members written
notice of any change of the Plan Administrator or any change in the address of the Plan
Administrator.

     Section 7.02 (a) The Plan Administrator shall have discretionary authority to
determine eligibility for benefits and to construe the terms of the Plan. The Plan Administrator

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shall have such other discretionary authority as may be necessary to enable it to discharge
his or her responsibilities under the Plan as administrator, including, but not limited to, the
power:

	 	(i)	 	to review claims by Claimants in accordance with Article VIII;
	 
	 	(ii)	 	to appoint or employ one or more persons to assist in the administration of the
Plan;
	 
	 	(iii)	 	to adopt such rules as he or she deems appropriate for the administration of
the Plan;
	 
	 	(iv)	 	to prescribe procedures to be followed by Members;
	 
	 	(v)	 	to prepare and distribute information relating to the Plan; and
	 
	 	(vi)	 	to request from Employers and Members such information as shall be necessary
for proper administration of the Plan.

     (b) Subject to the provisions of Article VIII, the decision of the Plan Administrator upon any
matter within his or her authority shall be final and binding on all parties, including the
Company, the Employer and Members and their Beneficiaries.

     Section 7.03 In making decisions under the Plan, the Plan Administrator shall be
entitled to rely upon information furnished by a Member, Beneficiary or Employer.

     Section 7.04 Subject to the terms of the Plan, the Committee shall have exclusive
jurisdiction (a) to determine the form and method of any benefit payments, (b) to establish the
timing of benefit distributions and (c) to settle claims according to the provisions in Article
VIII.

ARTICLE VIII

CLAIMS PROCEDURE

     Section 8.01 (a) Any Member or Beneficiary or estate of a Member (the “Claimant”) who
believes that he, she or it is entitled to an unpaid Plan benefit or that wishes to resolve a
dispute or disagreement which arises under, or in any way relates to, the interpretation or
construction of the Plan may file a claim with the Plan Administrator.

     (b) If the claim is wholly or partially denied, the Plan Administrator will, within a
reasonable period of time, and within ninety (90) days of the receipt of such claim, or if the
claim is a claim on account of Disability, within forty-five (45) days of the receipt of such
claim, provide the Claimant with written notice of the denial setting forth in a manner calculated
to be understood by the Claimant:

	 	(i)	 	The specific reason or reasons for which the claim was denied;
	 
	 	(ii)	 	Specific reference to pertinent Plan provisions, rules, procedures or protocols
upon which the Plan Administrator relied to deny the claim;

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	 	(iii)	 	A description of any additional material or information that the Claimant may
file to perfect the claim and an explanation of why this material or information is
necessary;
	 
	 	(iv)	 	An explanation of the Plan’s claims review procedure and the time limits
applicable to such procedure and a statement of the Claimant’s right to bring a civil
action under Section 502(a) of the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”), following an adverse determination upon review; and
	 
	 	(v)	 	In the case of an adverse determination of a claim on account of Disability,
the information to the Claimant shall include, to the extent necessary, the information
set forth in Department of Labor Regulation Section 2560.503-1(g)(1)(v).

If special circumstances require the extension of the forty-five (45) day or ninety (90) day period
described above, the Claimant will be notified before the end of the initial period of the
circumstances requiring the extension and the date by which the Plan Administrator expects to reach
a decision. Any extension for deciding a claim will not be for more than an additional ninety (90)
day period, or if the claim is on account of Disability, for not more than two additional thirty
(30) day periods.

     (c) If a claim has been wholly or partially denied, the affected Claimant, or such Claimant’s
authorized representative, may:

	 	(i)	 	Request that the Committee reconsider the Plan Administrator’s denial by filing
a written appeal within sixty (60) days after receiving written notice that all or part
of the initial claim was denied (one hundred eighty (180) days in the case of a denial
of a claim on account of Disability);
	 
	 	(ii)	 	Review pertinent documents and other material upon which the Plan Administrator
relied when denying the initial claim; and
	 
	 	(iii)	 	Submit a written description of the reasons for which the Claimant disagrees
with the Plan Administrator’s initial adverse decision.

An appeal of an initial denial of benefits and all supporting material must be made in writing
within the time periods described above and directed to the Committee. The Committee is solely
responsible for reviewing all appeals of denied benefit claims and taking all appropriate steps to
implement its decision.

The Committee’s decision on review will be sent to the Claimant in writing and will include
specific reasons for the decision, written in a manner calculated to be understood by the Claimant,
as well as specific references to the pertinent Plan provisions, rules, procedures or protocols
upon which the Committee relied to deny the appeal. The Committee will consider all information
submitted by the Claimant, regardless of whether the information was part of the original claim.
The decision will also include a statement of the Claimant’s right to bring an action under ERISA
Section 502(a).

-12-

 

The Committee’s decision on review will be made not later than sixty (60) days (forty-five (45)
days in the case of a claim on account of Disability) after its receipt of the request for review,
unless special circumstances require an extension of time for processing, in which case a decision
will be rendered as soon as possible, but not later than one hundred and twenty (120) days (ninety
(90) days in the case of a claim on account of Disability) after receipt of the request for review.
This notice to the Claimant will indicate the special circumstances requiring the extension and
the date by which the Committee expects to render a decision and will be provided to the Claimant
prior to the expiration of the initial forty-five (45) day or sixty (60) day period.

Notwithstanding the foregoing, in the case of a claim on account of Disability, no deference shall
be given to the initial benefit determination. For issues involving medical judgment, the
Committee must consult with an independent health care professional who may not be the health care
professional who decided the initial claim.

To the extent permitted by law, the decision of the Plan Administrator or the Committee, as the
case may be, will be final and binding on all parties. No legal action for benefits under the Plan
will be brought unless and until the Claimant has exhausted such Claimant’s remedies under this
Section 8.01.

ARTICLE IX

MISCELLANEOUS

     Section 9.01 Nothing contained in this Plan shall be deemed to give any Member or
employee the right to be retained in the service of the Employer or to interfere with the right of
the Employer to discharge any Member or employee at any time, regardless of the effect which such
discharge shall have upon him as a Member of the Plan.

     Section 9.02 The rights of the Member, the Beneficiary of the Member, or any other
person claiming through the Member under this Plan, shall be solely those of an unsecured general
creditor of the Employer. Benefits provided under this Plan shall not be separately funded by the
Employer but shall be paid out of the operating funds of the Employer as such benefits become due.

     Section 9.03 The Plan does not involve a reduction in salary for the Member or the
foregoing of an increase in future salary by the Member.

     Section 9.04 A Member who has terminated employment with the Employer shall not be
considered an employee for any purpose under the law.

     Section 9.05 If no Beneficiary has been designated or survives a Member, any amounts
to be paid to the Member’s Beneficiary shall be paid to the Member’s estate.

     Section 9.06 Except insofar as this provision may be contrary to applicable law, no
sale, transfer, alienation, assignment, pledge, collateralization or attachment of any benefits
under this Plan shall be valid or recognized by the Committee.

-13-

 

     Section 9.07 The Employer reserves the right at any time and from time to time, by
action of its Board of Directors to terminate, modify or amend, in whole or in part, any or all of
the provisions of the Plan, including specifically the right to make any such amendments effective
retroactively; provided that no such action shall reduce the benefits or rights of any Member or
his Beneficiary accrued prior to the date of any such amendment, modification or termination. In
addition, the Employer may amend or modify any provision of this Plan as to any particular Member
by agreement with such Member, provided that such agreement is in writing, is executed by both the
Employer and the Member, and is filed with the Plan records. The provisions of any amendment or
modification made by agreement between a Member and the Employer shall apply only to the Member so
agreeing and no other. Notwithstanding anything in the Plan to the contrary, Section 5 of the
Amendment to the Plan dated as of January 17, 2008 shall remain in full force and effect.

     Section 9.08 A Member shall have the right to change his Beneficiary by notifying the
Committee of such in writing. Such change shall become effective upon written acknowledgment of
the same by the Employer. Any payments made by the Employer to a Beneficiary in good faith and
under the terms of the Plan shall fully discharge the Employer from all further obligations with
respect to such Beneficiary.

     Section 9.09 This Plan shall be binding upon and inure to the benefit of the Employer,
its successors and assigns and each Member and his heirs, executors, administrators, legal
representatives, successors and assigns, provided however that a Member may not assign his rights
hereunder without the express written consent of the Employer.

     Section 9.10 This Plan shall be governed by the laws of Ohio. This Plan is solely
between the Employer and the Members. A Member, his Beneficiary or other persons claiming through
the Member shall have recourse only against the Employer for enforcement of the Plan.

     Section 9.11 Any words herein used in the masculine shall be read and construed in the
feminine where they would so apply. Words in the singular shall be read and construed as though
used in the plural in all cases where they would so apply.

     Section 9.12 The obligations of the Employer under this Plan shall be subject to all
applicable laws, rules and regulations, and such approvals by governmental agencies as may be
required or as the Employer deems advisable.

     Section 9.13 It is intended that this Plan comply with Code Section 409A and the
Treasury Regulations promulgated thereunder (and any subsequent IRS notices or guidance), and, to
the maximum extent permitted by law, this Plan shall be interpreted, administered and operated in
good faith accordingly. Nothing herein shall be construed as an entitlement to or guarantee of any
particular tax treatment to a Member or any Beneficiary, and none of the Company, its Affiliates,
the Board of Directors or the Plan Administrator shall have liability to any Member or Beneficiary
for a failure to comply with the requirements of Code Section 409A.

-14-

 

ARTICLE X

FORFEITURE OF BENEFITS

     Section 10.01 The Committee may forfeit the Pre-2005 Monthly Retirement Income and/or
the Post-2004 Monthly Retirement Income, or suspend the payment of the Pre-2005 Monthly Retirement
Income, payable to any Member, or Beneficiary of a Member, if the Committee determines, in its sole
discretion, that the Member committed one or more of the following acts while employed by the
Employer:

     (a) Felonious criminal activity whether or not affecting the Employer.

     (b) Disclosure to unauthorized persons of Employer information which is believed by the Board
of Directors to be confidential.

     (c) Dishonesty or breach of any contract with, or violation of any legal obligation to, the
Employer.

     (d) Gross negligence or insubordination in the performance of duties of the position held by
the Member.

     Section 10.02 A Member receiving benefits from this Plan who, within three (3) years
after the date of termination of employment with the Employer, competes against the Employer will,
at the sole discretion of the Committee, have (a) all or a portion of his Pre-2005 Monthly
Retirement Income and/or Post-2004 Monthly Retirement Income forfeited at the time determined by
the Committee and/or (b) all or a portion of his Pre-2005 Monthly Retirement Income suspended for
the period determined by the Committee.

     A Member will be deemed to be competing with the Employer if he engages or becomes interested
in or connected with any business or venture that is competitive with the business of the Employer.

     (a) A business or venture will be considered competitive with that of the Employer:

(i) If it is conducted in whole or in part within a radius of one
hundred (100) miles of the office to which the Member is assigned on
the date of his termination of employment; and

(ii) If it involves the conduct of any business or the furnishing of
any financial or banking services that a national banking
association, bank holding company, state bank, savings and loan
association or other regulated financial institution is permitted by
law to conduct or furnish on the date his employment is terminated.

     (b) A Member will be deemed to be directly or indirectly engaged, interested or participating
in a business or venture if he is a stockholder, partner, proprietor, officer, director,
consultant, agent or employee of such business or venture or an investor who, directly or
indirectly, has advanced on loan, contributed to capital or expended for the purchase of stock an

-15-

 

amount or amounts constituting five percent (5%) or more of the capital or assets of such
business or venture.

          IN WITNESS WHEREOF, FirstMerit Corporation has caused this amendment and restatement of the
Plan to be duly executed and adopted as of this 31st day of December, 2008.

	 	 	 	 	 	 	 
	 	 	FirstMerit Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Christopher J. Maurer
 

	 	 
	 	 	Christopher J. Maurer	 	 
	 	 	Executive Vice President, Human Resources	 	 

-16-

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