Document:

RF-2015.6.30-EX.10.2

EXHIBIT 10.2

[DATE]

[NAME & ADDRESS]

RE:     GRANT NOTICE

Dear ___________________:

Pursuant to the terms and conditions of the Regions Financial Corporation 2015 Long Term Incentive Plan (the “Plan”) and the attached Award Agreement (within the meaning of the Plan), you have been granted a Restricted Stock Award for __________ shares of stock as outlined below.

Granted To:            _____________________

Grant Date:            _____________________

Granted:            _____________________

Per Share Value of 
Award on Grant Date:        _____________________

Vesting Schedule:        _____________________

By your signature below, you and Regions agree that this Award is granted under and governed by the terms and conditions of the Plan, the Award Agreement and this grant notice.

Signed: _______________________________________________________ Date: ________

Please sign one copy of this document and return it to Regions Executive Compensation Department in the enclosed pre-addressed postage paid envelope.

PERSONAL & CONFIDENTIAL

RESTRICTED STOCK AWARD AGREEMENT
Under the
REGIONS FINANCIAL CORPORATION 2015 LONG TERM INCENTIVE PLAN

You have been granted an award of Restricted Stock (the “Restricted Stock” or “Award”) under the Regions Financial Corporation 2015 Long Term Incentive Plan (the “Plan”), the terms and conditions of which are incorporated in this document by reference as if fully set forth herein.  This grant is made pursuant to a uniform plan of compensation for Non-Employee Directors.  The Plan, the Notice of Grant and this document set forth the terms and conditions of your Award.  This document constitutes the Award Agreement required by the Plan.  You should retain it for future reference.  References to defined terms in the Plan are capitalized in this Award Agreement.  The prospectus for the Plan and the Plan document itself provide you helpful information and explanations related to your award.  These documents are currently obtainable by logging on to Shareworks at www.solium.com/login. In the event of any conflict or inconsistency among the provisions of this Award Agreement, the Notice of Grant or the Plan, the terms and conditions of this Award Agreement will control.

The number of shares of Restricted Stock that have been granted to you under this Award and the date on which they become exercisable (i.e., “vest”), are set forth in the Notice of Grant attached hereto and incorporated herein by reference.  Specific information concerning your Award of Restricted Stock is currently provided to you online through Shareworks.  Such information and the Plan and prospectus will be available through Shareworks (or if applicable, an appropriate substitute method).

Unless you choose to include the value of your Restricted Stock Award in your current year tax return, there are no current year tax implications of this grant.  If you decide to include the value of the Award in your current tax return, you must file a special election, called a “Section 83(b) election”, with the IRS within 30 days after the date this Award is granted to you.  If you are considering making an election, you should consult your tax advisor.  You agree that you will promptly notify the Company of any Section 83(b) election that you make.

During the Period of Restriction your Restricted Stock will be held in the Plan in book-entry form, though you will be the beneficial owner of the stock.  You may request a stock certificate for vested shares after the restrictions lapse. 

During the Period of Restriction and until the shares of Restricted Stock subject to this Award vest or are forfeited, as the case may be, you will have the right to vote these shares.  However, any dividends declared on the shares will be paid at the time the underlying Restricted Stock vests.  If at the end of the Period of Restriction you are still an active Board member of Regions and upon compliance with other applicable requirements of the Plan, such as tax payment or withholding, the restrictions will lapse and the vested number of shares will be released to you and dividends paid to you as provided in the Plan, this Award Agreement, and the grant notice.  

If, during the Period of Restriction, your service on the Board ceases for reasons other than death or Disability, your Restricted Stock and accrued dividends will be forfeited as of the date your service ceases.  If your service on the Board ceases during the Period of Restriction due to death or Disability, any restrictions imposed upon your Restricted Stock will lapse and dividends will be paid.  If a Change in Control occurs while you are a board member and your service on the Board ceases without Cause (as defined in the Plan) within twenty-four (24) months following the occurrence of the Change in Control, the time lapse conditions for vesting of any Restricted Stock under this Award will be deemed to have been satisfied and dividends will be paid as of the date your service ceases. 

Notwithstanding anything in this Award Agreement, the Plan or the grant notice to the contrary, in no event shall the Restricted Stock or applicable dividends under this Award vest or be settled, paid or accrued, if any such vesting, settlement, payment or accrual would be in violation of applicable law.  

By signing the Notice of Grant for this Award, you agree and acknowledge that you accept the grant of this Award on the terms and conditions set forth in the Plan, the Notice of Grant and this Award Agreement.  You further agree and acknowledge as follows:  (1) that this Award Agreement, The Notice of Grant and the Plan set forth the entire agreement of Regions and you relating to the subject matter herein and supersedes and replaces all prior agreements and understandings with respect to such subject matter; (2) that Regions and you have made no agreements, representations or warranties relating to the subject matter of this Award Agreement which are not set forth herein; (3) that no provision of this Award Agreement and the Notice of Grant may be amended, modified or waived unless any such amendment, modification or waiver is authorized by the Compensation Committee of the Board of 

Directors and is agreed to in writing signed by an officer of the Company authorized to do so; and (4) that this Award Agreement is binding on the Company’s and your successors and assigns.  

Thank you for your continued service to Regions!

REGIONS FINANCIAL CORPORATION

/s/ Grayson Hall

O. B. Grayson Hall, Jr.
Chairman, President and Chief Executive OfficerRF-2015.6.30-EX.10.3

EXHIBIT 10.3

[NAME & ADDRESS]                                [DATE]

Effective __________________, you have been granted an award of Restricted Stock Units over _______ shares of Stock (the “Award”).  Capitalized terms that are not defined in this Notice of Grant are references to defined terms in the Plan or the Award Agreement to which this Notice of Grant is attached.  This document is the “Notice of Grant” referred to in the Award Agreement.

Granted To:                    __________________
Grant Date:                    __________________
Performance Threshold Measurement Periods:    __________________ ending __________________
__________________ ending __________________
__________________ ending __________________
Service Vesting Period:                __________________ ending __________________
Grant:                        __________________

These units are subject to the terms and conditions of the Regions Financial Corporation 2010 Long Term Incentive Plan (the “Plan”) and the attached Restricted Stock Unit Award Agreement (the “Award Agreement”). 

Subject to the terms of the Plan, the Award Agreement and this Notice of Grant, your satisfying the Service Vesting Period requirements set forth herein and depending on the Company’s achievement of the Performance Thresholds specified below during each of the periods beginning __________________ and ending __________________, beginning __________________ and ending __________________ and beginning __________________ and ending __________________ (the “Performance Threshold Periods”), you will be entitled to the number of shares of stock based on the extent to which capital and liquidity thresholds have been met with up to _____% at risk of forfeiture.  The number of shares of stock to be delivered under this Award shall be based upon the Company’s performance relative to the following capital and liquidity thresholds as certified by the Committee: (i) Capital - Capital Action Decision Tree Status as defined in the Capital Policy must remain in either “Monitor Capital” or “Capital Deployment” status; and (ii) Liquidity - Risk for Primary Liquidity Level must remain at “Moderate” or better as established in the Market & Liquidity Risk Framework document.  Each of the Capital and Liquidity thresholds stand alone in the determination of the at risk portion of the award.  In order to be eligible to receive the number of shares of Stock determined in accordance with the foregoing, you must remain employed with the Company or one of its Subsidiaries through the Service Vesting Period as set forth above, except as otherwise provided in the Restricted Stock Unit Agreement.

By your signature below, you and Regions agree that this Award is granted under, governed by, and subject to, the terms and conditions of the Plan and the Award Agreement, which is attached hereto and made a part of this Notice of Grant.
 
Please sign one copy of this Notice of Grant and return it to Executive Compensation, Regions Center, 16th Floor in the enclosed pre-addressed interoffice envelope. 

______________________________________________________________________________________________________
Signature    Date

PLEASE KEEP A COPY FOR YOUR RECORDS

PERSONAL & CONFIDENTIAL

RESTRICTED STOCK UNIT AWARD AGREEMENT
Under the
REGIONS FINANCIAL CORPORATION
2010 LONG TERM INCENTIVE PLAN

You have been granted an award of Restricted Stock Units (the “Award”) under the Regions Financial Corporation 2010 Long Term Incentive Plan (the “Plan”), the terms and conditions of which are incorporated in this document by reference as if fully set forth herein.  This document sets out some of the specific terms of your Award and constitutes the Award Agreement required by the Plan.  You should retain it for future reference.  You should also pay particular attention to the Plan and its prospectus since they set forth other provisions applicable to your Award.  Capitalized terms that are not defined in this Award Agreement are references to defined terms in the Plan or the Notice of Grant that is attached to this Award Agreement.  The prospectus for the Plan and the Plan document itself provide you helpful information and explanations related to your grant.  These documents are currently accessible by logging in to your account at Solium Shareworks, the online equity compensation management system for Regions Financial Corporation (“Regions”).  If you do not have access to a personal computer and would like copies of the documents, please contact Executive Compensation at (205) 264-7341.  You should note that in the event of any conflict or inconsistency among the provisions of this Award Agreement, the Notice of Grant or the terms and conditions of the Plan, the terms and conditions of this Award Agreement will control.

The grant date of your Award, the date on which your Award vests and the vesting conditions for your Award are set forth in the enclosed grant notice (“Notice of Grant”).  The number of Restricted Stock Units referenced in the Notice of Grant represent the maximum number of shares of Stock issuable under this Award (“Maximum Award”).  The portion of the Maximum Award that becomes issuable to you is dependent on the extent to which you satisfy the Service Vesting Period requirements set forth in the Notice of Grant and the extent to which the Company achieves the Capital and Liquidity Performance Thresholds specified in the Notice of Grant, as certified by the Committee.  Except as otherwise specified herein, at the end of the  Performance Threshold Measurement Periods and the Service Vesting Period specified in the Notice of Grant (collectively, the “Vesting Period”), the Committee shall certify the level of achievement of the Capital and Liquidity Performance Thresholds and shall determine the number of shares of Stock, if any, payable to you under this Award.  In order to receive such shares of Stock, you must still be employed by Regions or one of its Subsidiaries through the end of the Vesting Period (except as provided below).  On such date, the number of shares of Stock payable under this Award, if any, will be issued and released to you.
 
During the Vesting Period, the Restricted Stock Units will be accounted for by the Company in a bookkeeping account.  Since this Award constitutes a grant of Restricted Stock Units, there are no voting rights applicable to these Restricted Stock Units.  During the Vesting Period, all ordinary cash dividends (as determined by the Committee in its sole discretion) that would have been paid upon shares of Stock underlying the Maximum Award had such shares of Stock been issued will be accumulated (and deemed reinvested in shares of Stock based on the then current value of a share of Stock) and paid at the time and to the extent this Award vests (the “Dividend Equivalents”).  Upon the vesting of this Award and any Dividend Equivalents, you may elect to satisfy any federal tax withholding requirements in whole or in part by reducing the number of shares of Stock that would otherwise be issued to you, to the extent and in the manner allowed by the Plan.  

If, during the Restricted Period, any of the following events occur, this Award will be treated as described below:

		
	•
	Notwithstanding anything in the Plan to the contrary, in the event a Change in Control occurs then, upon the Change in Control, the portion of your Award that is subject to vesting based on achievement of the Capital and Liquidity Performance Thresholds for any Performance Threshold Period that ends after the closing of the Change in Control will convert to time-based vesting for the duration of the applicable Performance Threshold Period. In the event a Change in Control occurs and your employment is terminated by the Company without Cause or by you for Good Reason, in each case, within the twenty-four (24) month period following the Change in Control, this Award (i.e., the portion of your Maximum Award that is not subject to vesting based on achievement of the Capital and Liquidity Performance Thresholds (_____%) and the portion of the Award that was subject to vesting based on achievement of the Capital and Liquidity Performance Thresholds and was converted to time-based vesting in accordance with the preceding sentence (up to _____%) will fully vest upon such termination of employment and shares of Stock equivalent to the Maximum Award will be issued to you. 

		
	•
	Your employment terminates due to your death, then as soon as practicable following your death, your Award will fully vest, unless otherwise specifically prohibited by applicable laws, rules or regulations, and shares of Stock equivalent to the Maximum Award will be issued to your estate.

 
		
	•
	Your employment terminates due to (a) your Disability or (b) your retirement (on or after age 65 or on or after you attain age 55 with 10 years of service) any time on or after November 30th of the year during which the Award is granted, then (i) the portion of your Maximum Award that is not subject to vesting based on achievement of the Capital and Liquidity Performance Thresholds (_____%) shall fully vest upon your termination of employment, unless otherwise specifically prohibited by applicable laws, rules or regulations, and shares of Stock will be issued to you, and (ii) the portion of this Award that is subject to vesting based on achievement of the Capital and Liquidity Performance Thresholds (_____%) shall continue to vest in accordance with its terms.

		
	•
	Your employment is terminated by the Company without Cause, then the units equivalent to the Maximum Award will be pro-rated for the portion of the Restriction Period between the Grant Date and the date your employment terminated and then (i) the pro rata portion of your Award that is not subject to vesting based on achievement of the Capital and Liquidity Performance Thresholds (_____%) shall vest upon your termination of employment, unless otherwise specifically prohibited by applicable laws, rules or regulations and shares of Stock will be issued to you, and (ii) the pro rata portion of this Award that is subject to vesting  based on achievement of the Capital and Liquidity Performance Thresholds (_____%) shall continue to vest in accordance with its terms.  

Notwithstanding anything herein to the contrary, if you are or become eligible for retirement as defined above at any time during the Vested Period and if you are a “specified employee” at the time you separate from service with Regions, to the extent the Award is determined to be “deferred compensation” within the meaning of Section 409A of the Code, to the extent shares of Stock become issuable to you upon any  separation from service described above, such shares shall be issued to you on the date that is six months after your separation from service, all as determined in accordance with Section 409A of the Code.

If your employment with Regions terminates during the Vesting Period for any reason other than those listed above, your Award will be forfeited as of your termination date. 

Any amounts paid or payable or shares of Stock delivered or deliverable under this Award shall be subject to claw-back and/or forfeiture in accordance with the terms of Applicable Law and the Company’s Recoupment Policy (or any successor policy thereto), in each case, as in effect from time to time.

By signing the enclosed Notice of Grant, you acknowledge that you accept this Award on the terms and conditions set forth in this Award Agreement, Notice of Grant and the Plan and you further acknowledge and agree as follows:  (1) that this Award Agreement, the Notice of Grant and the Plan set forth the entire agreement between Regions and you relating to the subject matter of this document and supersedes and replaces all prior agreements and understandings with respect to such subject matter; (2) that Regions and you have made no agreements, representations or warranties relating to the subject matter of this Award Agreement which are not set forth herein; (3) that no provision of this Award Agreement may be amended, modified or waived unless such amendment, modification or waiver is authorized by the Committee and is agreed to in writing signed by an officer of Regions authorized to do so; and (4) that this Award Agreement is binding on Regions’ successors and assigns.  You also agree that Regions, the Board and the Committee, in their oversight and conduct of the business and affairs of Regions, may in good faith cause Regions to act or fail to act in a way that prevents this Award from vesting.  This Award Agreement is not intended to and will not be interpreted to impose any liability upon Regions, the Board, the Committee or any officer, agent or employee of Regions for any forfeiture of the Award that results from such action or omission.

I congratulate you on your Award and thank you for your continued service to Regions!

REGIONS FINANCIAL CORPORATION

/s/ Grayson Hall

Name: Grayson Hall 
Title:   Chairman, President and Chief Executive Officer

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