Document:

Amendment No. 2 to the 2003 Long-Tern Incentive  Compensation Plan

 Exhibit 10.86 
  
 HIBERNIA CORPORATION 
 2003 LONG-TERM INCENTIVE COMPENSATION PLAN 
  
 Amendment No. 2 
  
 Whereas, Hibernia Corporation (the “Company”) maintains the Hibernia Corporation 2003 Long-Term Incentive Compensation Plan, which plan was first approved by the shareholders of the Company on April 23, 2003 (the
“Plan”); 
  
 Whereas, the Company has entered
into that certain Agreement and Plan of Merger dated as of March 6, 2005 by and between the Company and Capital One Financial Corporation, pursuant to which the Company has agreed to merge with and into Capital One (the “Merger”);

  
 Whereas, the Company and Capital One expect the Merger
to be effective September 1, 2005 (such date, or such later date on which the Merger becomes effective, being the “Effective Time”); 
  
 Whereas, Section 11.1 of the Plan permits its amendment by action of the Board of Directors of the Company, without shareholder approval to
the extent permitted by applicable law and stock exchange rules, and without the approval of any participant therein to the extent such amendment does not materially impair any option or other equity incentive granted or awarded thereunder; and

  
 Whereas, the Board of Directors of the Company and its
Executive Compensation Committee have determined that the Plan can be amended as provided herein without the consent of any person; 
  
 Now, Therefore, the Plan shall be amended, effective as of the Effective Time, as follows: 
  
 1. The following sentence shall be added to Section 2.7 of the Plan, to
read in its entirety as follows: 
  
 References to Common Stock
contained herein and in any Option or other Incentive granted or awarded hereunder shall be deemed to refer to shares of the $0.01 par value common stock issued by Capital One Financial Corporation (“Capital One”) (when used herein
“Capital One Stock”). 
  
 2. The following paragraphs
shall be added to Section 3.5 of the Plan to read in their entirety as follows: 
  
 The number of shares of Common Stock subject to an Option outstanding as of the effective time of the merger of the Company with and into
Capital One Financial Corporation (the “Effective Time”) shall be converted to an Option to purchase the 

 number of shares of Capital One Stock, on the same terms and conditions as applied immediately prior to
such time, but subject to the rights and benefits provided under Section 11.5 hereof on account of the occurrence of a Change of Control, determined as the product, rounded down to the nearest whole share, of (a) the number of shares of
Common Stock issuable upon the exercise of such Option immediately prior to the Effective Time, multiplied by (b) the Exchange Ratio (as defined in the Agreement and Plan of Merger dated March 6, 2005, by and between the Company and
Capital One (the “Merger Agreement”)). The per share exercise price thereof shall equal the result, rounded up to the nearest whole penny, obtained by dividing (x) the per share exercise price of each such Option immediately prior to
the Effective Time, by (y) such Exchange Ratio. 
  
 Each share of Restricted Stock awarded hereunder that remains subject to Forfeiture Restrictions or other limitations immediately prior to the Effective Time shall be cancelled and converted into the right to receive, subject to the same
terms and conditions as applied to each such share immediately prior to such time, but taking into account the rights and benefits provided under Section 11.5 hereof on account of the occurrence of a Change of Control, the Merger Consideration
(as defined in the Merger Agreement) based upon the election of the holder thereof made in the same manner and subject to the same terms and conditions as the holders of shares of Common Stock. 
  
 3. Sections 10.1, 10.2, and 10.3 of the Plan, each providing for the
automatic or formulaic grant or award of shares of the Common Stock to Eligible Directors, shall be suspended. 
  
 This Amendment was adopted by the Board of Directors of Hibernia Corporation on August 24, 2005, to be effective as provided herein.

  

			
	Hibernia Corporation
		
	By:	 	 /s/ J. Herbert Boydstun

	 	 	J. Herbert Boydstun
	 	 	President and Chief Executive Officer
	Date:	 	August 24, 2005

  

 2Amendment No. 3 to the 2003 Long-Tern Incentive  Compensation Plan

 Exhibit 10.87 
  
 HIBERNIA CORPORATION 
 2003 LONG-TERM INCENTIVE COMPENSATION PLAN 
  
 Amendment No. 3 
  
 Whereas, Hibernia Corporation (the “Company”) maintains the Hibernia Corporation 2003 Long-Term Incentive Compensation Plan, which plan was first approved by the shareholders of the Company on April 23, 2003 (the
“Plan”); 
  
 Whereas, the Company has entered
into that certain Agreement and Plan of Merger dated as of March 6, 2005, as amended by Amendment No. 1, dated September 6, 2005, by and between the Company and Capital One Financial Corporation, pursuant to which the Company has
agreed to merge with and into Capital One (the “Merger”); 
  
 Whereas, the Company and Capital One expect the Merger to be effective November 16, 2005 (such date, or such later date on which the Merger becomes effective, being the “Effective Time”); 
  
 Whereas, Section 11.1 of the Plan permits its amendment by action
of the Board of Directors of the Company, without shareholder approval to the extent permitted by applicable law and stock exchange rules, and without the approval of any participant therein to the extent such amendment does not materially impair
any option or other equity incentive granted or awarded thereunder; and 
  
 Whereas, the Board of Directors of the Company and its Executive Compensation Committee have determined that the Plan can be amended as provided herein without the consent of any person; 
  
 Now, Therefore, the Plan shall be amended, effective as of the
Effective Time, as follows: 
  
 1. The provision in
Section 3.5 of the Plan (as added by Amendment No. 2) that reads: 
  
 “(b) the Exchange Ratio (as defined in the Agreement and Plan of Merger dated March 6, 2005, by and between the Company and Capital One (the “Merger Agreement”)).” 
  
 shall be deleted and replaced with the following: 
  
 “(b) the Exchange Ratio (as defined in the Agreement and Plan of Merger
dated March 6, 2005, as amended by Amendment No. 1 dated September 6, 2005, by and between the Company and Capital One (the “Merger Agreement”)).” 

 2. All references to the Merger Agreement in the Plan shall refer to the Agreement and Plan of Merger
dated March 6, 2005, as amended by Amendment No. 1 dated September 6, 2005, by and between the Company and Capital One. 
  
 This Amendment was adopted by the Board of Directors of Hibernia Corporation on October 26, 2005, to be effective as provided herein.

  

			
	Hibernia Corporation
		
	By:	 	 /s/ J. Herbert Boydstun

	 	 	J. Herbert Boydstun
	 	 	President and Chief Executive Officer
	Date:	 	October 26, 2005Amendment No. 2 to the 2005 Deferred Compensation Plan

 Exhibit 10.88 
  
 HIBERNIA CORPORATION 
 Amendment No. 2 to 2005 Deferred Compensation Plan 
  
 Whereas, Hibernia Corporation (the “Company”) maintains the 2005 Deferred Compensation Plan, which plan is intended to be an unfunded plan of deferred compensation that provides benefits to a select
group of management and highly compensated employees of the Company and its affiliates and to comply with the provisions of Section 409A of the Internal Revenue Code of 1986, as amended, first effective as of January 1, 2005 (the
“Plan”); 
  
 Whereas, the Company has entered
into that certain Agreement and Plan of Merger dated as of March 6, 2005, by and between the Company and Capital One Financial Corporation (“Capital One”), pursuant to which the Company has agreed to merge with and into Capital One
(the “Merger”); 
  
 Now, Therefore, effective as
of the dates set forth below, the Plan shall be amended as follows: 
  
 I. 
 Distributions 
  
 The following amendments shall be effective as of January 1, 2005: 
  
 1. Section 2.5 of the Plan shall be amended and restated to read in its entirety as follows: 
  
 “2.5 Benefit Eligibility Date means the date on which a
Participant’s Retirement Benefit is eligible for payment hereunder; provided, however, that in no event shall such date be earlier than the date on which a Participant ceases to be employed by the Company and its Affiliates. Such date shall
initially be determined in accordance with the provisions of Section 7.1 hereof and thereafter be subject to modification in accordance with the provisions of Section 7.5 hereof.” 
  
 2. Section 2.13 of the Plan shall be amended and restated to read in its
entirety as follows: 
  
 “2.13 Payment Date means the first
business day that is at least 60 days after each June 30th or December 31st or as soon as practicable thereafter, subject to any limitation imposed under Section 7.7 hereof.” 
  
 3. Section 7.1 of the Plan shall be amended and restated to read in its
entirety as follows: 
  
 “7.1 Initial Payment Procedures.
Notwithstanding any provision of the Plan to the contrary, not later than 30 days after a Participant is first designated as such hereunder and as of such other date or dates as may be designated by the Committee in connection with the adoption and
implementation of this Plan, each affected Participant shall be entitled to designate his or her Benefit Eligibility Date and the method by which his or her Retirement Benefit shall be distributed, which designations shall be in accordance

 with the provisions of Sections 2.5 and 7.2 hereof. If any affected Participant fails to make such
designation or designations within the time prescribed by the Committee, he or she shall be deemed to have elected to receive his or her Retirement Benefit as of the date on which his or her employment with the Company and its Affiliates ceases
and/or to receive such benefit in the form of a single sum payment.” 
  
 4. Section 7.7 of the Plan shall be amended and restated to read in its entirety as follows: 
  
 “7.7 Small Benefits. If the value of a Retirement Benefit payable hereunder is $10,000 or less, then notwithstanding any provision of this Plan to
the contrary, except a delay required under Section 7.8 hereof, the Committee shall distribute such amount to the affected Participant in the form of a single sum payment as of the Payment Date that coincides with or immediately follows the
date of the Participant’s cessation of employment with the Company and its Affiliates. Such payment shall be in lieu of any benefit otherwise provided hereunder.” 
  
 5. Section 7.8 shall be added to the Plan to read in its entirety as follows: 
  
 “7.8 Status as a Key Employee. Notwithstanding the provisions of the
Plan or any election or Schedule A to the contrary, if a Participant is a Key Employee as of the date on which he or she ceases to be employed by the Company and its Affiliates (or as of such other date as may be prescribed under Code
Section 409A), then in no event shall such Participant’s Payment Date (or initial Payment Date, if such Participant’s Account is payable in the form of installments) be less than six months after the date of such Participant’s
cessation of employment with the Company and its Affiliates. For this purpose a “Key Employee” shall be an employee described in Code Section 416(i), as may be modified by Code Section 409A.” 
  
 6. Section 8.5 shall be added to the Plan to read in its entirety as
follows: 
  
 “8.5 Small Benefits. If the value of a death
benefit payable hereunder is $10,000 or less, then notwithstanding any provision of this Plan to the contrary, the Committee shall distribute such amount to the affected Beneficiary or Beneficiaries in the form of a single-sum payment as of the
Payment Date that coincides with or immediately follows the date of the Participant’s death, and no additional benefit shall be payable hereunder.” 
  
 THIS AMENDMENT NO. 2 was approved by the Executive Compensation Committee of the Board of Directors on August 23, 2005, and adopted by the
Board of Directors of the Company on August 24, 2005, to be effective as of the dates set forth above. 
  

			
	HIBERNIA CORPORATION
		
	By:	 	 /s/ J. Herbert Boydstun

	 	 	J. Herbert Boydstun
	 	 	President and Chief Executive Officer

  

 2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00093-of-00352.parquet"}]]