Document:

Exhibit

EXHIBIT 10.16
Schedule “C” Investment Options
In accordance with Section 5(b), the Sponsor hereby directs the Trustee that Participants’ individual hypothetical accounts may be invested in the following investment options:
For the Zions Bancorporation Restated Deferred Compensation Plan:
		
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	Fidelity Capital & Income Fund

		
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	Fidelity Freedom 2000 Fund® 

		
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	Fidelity Freedom 2005 Fund® 

		
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	Fidelity Freedom 2010 Fund® 

		
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	Fidelity Freedom 2015 Fund® 

		
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	Fidelity Freedom 2020 Fund® 

		
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	Fidelity Freedom 2025 Fund® 

		
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	Fidelity Freedom 2030 Fund® 

		
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	Fidelity Freedom 2035 Fund® 

		
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	Fidelity Freedom 2040 Fund® 

		
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	Fidelity Freedom Income Fund® 

		
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	Fidelity Retirement Money Market Portfolio

		
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	Fidelity U.S. Bond Index Fund

		
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	AllianceBernstein International Value Fund – Advisor Class

		
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	American Beacon Large Cap Value Fund – PlanAhead Class

		
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	BlackRock International Opportunities Fund – Institutional Class

		
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	Columbia Acorn USA Fund – Class Z

		
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	Evergreen Special Values Fund – Institutional Class

		
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	Janus Mid Cap Value Fund – Investor Class

		
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	Julius Baer International Equity Fund – Class A

		
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	Lazard Emerging Markets Portfolio – Institutional Class

		
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	Legg Mason Partners Aggressive Growth Fund – Class A

		
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	Loomis Sayles Bond – Institutional Class

		
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	Loomis Sayles Global Bond – Institutional Class

		
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	Morgan Stanley Institutional International Real Estate Portfolio – Class A

		
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	PIMCO Commodity Real Return Strategy Fund – Institutional Class

		
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	PIMCO Total Return Fund – Institutional Class

		
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	Rainier Small/Mid Cap Equity Portfolio – Investor Class

		
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	Spartan® International Index Fund – Investor Class

		
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	Spartan® Total Market Index Fund– Investor Class

		
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	Spartan® U.S. Equity Index Fund– Investor Class

		
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	Vanguard Mid-Cap Index Fund – Admiral Class

		
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	Vanguard REIT Index Fund – Admiral Class

		
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	Vanguard Small-Cap Index Fund – Admiral Class

		
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	Victory Diversified Stock Fund – Class A

		
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	Wasatch Core Growth Fund

		
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	Wasatch Small Cap Value Fund

		
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	Zions Common Stock Fund

		
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	Zions Preferred Stock Fund

For the Zions Bancorporation Restated Deferred Compensation Plan, the Sponsor hereby directs that the investment option referred to in Section 5(c), Section 5(f)(vi)(B)(5), and Section 5(g)(vi)(B)(5) shall be Fidelity Retirement Money Market Portfolio.
For the Zions Bancorporation Restated Deferred Compensation Plan for Directors
		
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	Fidelity Retirement Money Market Portfolio

		
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	Zions Common Stock Fund

For the Zions Bancorporation Restated Deferred Compensation Plan for Directors, the Sponsor hereby directs that the investment option referred to in Section 5(c) and Section 5(f)(vi)(B)(5) shall be Fidelity Retirement Money Market Portfolio.
For the Restated Amegy Bancorporation, Inc. Non-Employees Directors Deferred Fee Plan
		
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	Zions Common Stock Fund

For the Restated Amegy Bancorporation, Inc. Non-Employees Directors Deferred Fee Plan, the Sponsor hereby directs that the investment option referred to in Section 5(f)(vi)(B)(5) shall be the Zions Common Stock Fund.
 

	
					
	 

	 
	 
	 
	 
	 

	 
	 
	 
	 
	 

	ZIONS BANCORPORATION

	 
	 
	 

	By:
	 
	/s/    Connie Linardakis
	 
	9/13/2006

	 
	 
	Authorized signatory
	 
	DateExhibit

EXHIBIT 10.18

FIFTH AMENDMENT TO TRUST AGREEMENT BETWEEN
FIDELITY MANAGEMENT TRUST COMPANY AND
ZIONS BANCORPORATION
    

THIS FIFTH AMENDMENT, dated and effective as of the twelfth day of September, 2013, and effective on that date unless otherwise stated herein, by and between Fidelity Management Trust Company (the “Trustee”) and Zions Bancorporation (the “Sponsor”);

WITNESSETH:
WHEREAS, the Trustee and the Sponsor heretofore entered into a Master Trust Agreement dated September 1, 2006, with regard to the Zions Bancorporation Restated Deferred Compensation Plan, Zions Bancorporation Restated Deferred Compensation Plan for Directors, and the Restated Amegy Bancorporation, Inc. Non-Employees Directors Deferred Fee Plan (collectively and individually, the “Plan”); and

WHEREAS, the Sponsor has informed the Trustee, with respect to the Zions Bancorporation Restated Deferred Compensation Plan, that due to a redemption of the Zions Preferred Stock C Fund (“Stock Fund”), the Stock Fund will be eliminated as an investment option under the Restated DCP; therefore, effective at the close of business (4:00 p.m. ET) (“Market Close”) on September 12, 2013, the assets of the Stock Fund are frozen to all transactions; and

WHEREAS, the Sponsor hereby directs the Trustee, in accordance with Section 8(c) of the Trust Agreement, effective at Market Close on September 12, 2013, to redirect all participant contributions directed to the Stock Fund to be invested in the Fidelity® Money Market Trust Retirement Money Market Portfolio. The parties hereto agree that the Trustee shall have no discretionary authority with respect to this redirection directed by the Sponsor. Any variation from the procedure described herein may be instituted only at the express written direction of the Sponsor; and

WHEREAS, the Sponsor has informed the Trustee that, in accordance to the terms of the redemption agreement, each Stock Fund shareholder will receive $25.00 in cash for each share of Preferred Stock C held in the Stock Fund, and a prorated amount for any fractional share held in the Stock Fund; and, upon receipt by the Plan of the cash proceeds on or about September 17, 2013, the cash proceeds shall be invested in the Fidelity® Money Market Trust Retirement Money Market Portfolio; and

WHEREAS, the Trustee and the Sponsor now desire to amend said Trust Agreement as provided for in Section 13 thereof;

NOW THEREFORE, in consideration of the above premises, the Trustee and the Sponsor hereby amend the Trust Agreement by:

		
	(1)
	Effective at Market Close on September 12, 2013, amending Schedule “C”, Investment Options, to delete the reference to “Zions Preferred Stock C Fund (Real Time Trading Option)”, and replace it with the following:

		
	(1)
	Zions Preferred Stock C Fund (Real Time Trading Option) (frozen to all transactions)

		
	(2)
	Effective upon completion of the above-referenced Zions Preferred Stock C Fund liquidation, amending Section 1, Definitions, to delete subsection (jj), Zions Preferred Stock C, and (nn), Zions Preferred Stock C Fund, in their entirety, and re-letter all subsequent subsections accordingly.

		
	(3)
	Effective upon completion of the above-referenced Zions Preferred Stock C Fund liquidation, amending Section 5(f), Zions Common Stock and Zions Preferred Stock in the 

Zions Bancorporation Restated Deferred Compensation Plan, by restating the first paragraph, in its entirety, as follows:
Trust investments in Zions Common Stock shall be made via the Zions Common Stock Fund. Trust investment in Zions Preferred Stock A shall be made via the Zions Preferred Stock A Fund. References in this section to Zions Preferred Stock shall mean, individually and collectively, Zions Preferred Stock A.

		
	(4)
	Effective upon completion of the above-referenced Zions Preferred Stock C Fund liquidation, amending Schedule “C”, Investment Options, to delete the following:

		
	(4)
	Zions Preferred Stock C Fund (Real Time Trading Option) (frozen to all transactions)

IN WITNESS WHEREOF, the Trustee and the Sponsor have caused this Fifth Amendment to be executed by their duly authorized officers effective as of the day and year first above written.  By signing below, the undersigned represent that they are authorized to execute this document on behalf of the respective parties. Notwithstanding any contradictory provision of the agreement that this document amends, each party may rely without duty of inquiry on the foregoing representation.

	
		
	 
	 

	ZIONS BANCORPORATION
	FIDELITY MANAGEMENT TRUST COMPANY

By: /s/ Tim Hettinger 9/16/13    By: /s/ Mary Beth Paris 10/9/13
    Authorized Signatory Date        FMTC Authorized Signatory DateExhibit

EXHIBIT 10.24

FIRST AMENDMENT
TO THE 
ZIONS BANCORPORATION PENSION PLAN
(As restated Effective January 1, 2009 - Changing the Plan Sponsor and 
Plan Name and Terminating the Plan)

This First Amendment to the Zions Bancorporation Pension Plan, as restated Effective January 1, 2009, is made and entered into this ___29__ day of October, 2018, by Zions Bancorporation, N.A.
 
W I T N E S S E T H:

WHEREAS, Zions Bancorporation has previously established and entered into the Zions Bancorporation Pension Plan (“Plan”), which Plan has been most recently amended and restated in its entirety retroactively effective as of January 1, 2009; and
WHEREAS, effective as of October 1, 2018, Zions Bancorporation and all authority, responsibility and obligations of Zions Bancorporation with respect to the Plan have been transferred to, merged into and assumed by ZB, NA, which as of the same date has been renamed Zions Bancorporation, N.A. (Employer); and
WHEREAS, pursuant to the authority and power granted to the Employer in connection with the merger of Zions Bancorporation into it, the Employer desires to amend the Plan for the purpose of identifying the new sponsor of the Plan and restating the name of the Plan accordingly; and
WHEREAS, based on the recommendation of the Benefits Committee of the Employer and after consultation with outside advisors and service providers to the Plan, the Board of Directors (Board) of the Employer now desires to terminate the Plan and proceed with liquidation and distribution to the Plan participants of all assets from the Plan as are necessary to fund all benefit commitments due to them from the Plan; and 
NOW THEREFORE, in consideration of the foregoing premises and mutual covenants herein contained, the Employer amends the Plan as follows (amended language is marked in bold/italics):
(The following amendments are made and adopted to reflect the merger of Zions Bancorporation into ZB, NA, and the resulting name change of ZB, NA to Zions Bancorporation, N.A.) 

		
	1.
	The Title page is amended to provide that the name of the Plan “Zions Bancorporation Pension Plan” is changed to: 

 Zions Bancorporation, N.A. Pension Plan

		
	2.
	The first paragraph in the Introduction is amended to read as follows:

The Zions Bancorporation Pension Plan (effective October 1, 2018, the Zions Bancorporation, N. A. Pension Plan) became effective initially on January 1, 1968. The Plan has been amended and restated from time to time.

		
	3.
	The next to penultimate paragraph in the Introduction is amended to read as follows:

The Plan and Trust thereunder are created and maintained for the primary purpose of providing retirement benefits for eligible employees of Zions Bancorporation (effective October 1, 2018, Zions Bancorporation, N.A.) and its affiliates. It is intended that the Plan and Trust qualify under Sections 401(a) and 501(a) of the Internal Revenue Code of 1986, as amended, and that they meet the requirements of the Employee Retirement Income Security Act of 1974, as amended.

		
	4.
	Plan Section 1.5 is amended to read as follows:

1.5    "Affiliate" or "Subsidiary Affiliate" or "Subsidiary" means Zions Bancorporation (effective October 1, 2018, Zions Bancorporation, N.A.) and each member of a controlled group of corporations (as defined in Code Section 1563(a), determined without regard to Code Sections 1563(a)(4) and (e)(3)(C)), a group of trades or businesses (whether incorporated or not) that are under common control within the meaning of Code Section 414(c), or an affiliated service group (as defined in Code Sections 414(m) or 414(0)), of which Zions Bancorporation is a part.  With respect to the Maximum Retirement Benefit defined in Section 11.2, in determining whether a corporation is a member of a controlled group of corporations the phrase "more than 50%" will be substituted for the phrase "at least 80%" each place it appears in Code Section 1563(a)(l ).
		
	5.
	Plan Section 1.14 is amended to read as follows:

1.14    "Company" means Zions Bancorporation and any Affiliate or Subsidiary that adopts this Plan with the consent of the Board of Directors of Zions Bancorporation. The Affiliates and Subsidiaries listed on Appendix V, as it may be revised from time to time, have adopted this Plan and are, as of the date or dates stated on Appendix V, a participating Company in the Plan.  Effective October 1, 2018, all authority, responsibility and obligations of Zions Bancorporation have been transferred to, merged into and assumed by Z.B., N.A., which as of the same date has been renamed Zions Bancorporation, N.A.  All references in this Plan to the “Company,” to “Zions” or to “Zions Bancorporation” shall refer to and mean Zions Bancorporation, N.A. from and after October 1, 2018.

		
	6.
	Plan Section 1.37 is amended to read as follows:

1.37    "Plan" means the Zions Bancorporation Pension Plan.  Effective October 1, 2018, “Plan” shall mean the Zions Bancorporation, N.A. Pension Plan.

		
	7.
	Plan Section 1.50 is amended to read as follows:

1.50    Zions" means Zions Bancorporation, which is the sponsor of this Plan and the ultimate parent corporation of the Employer.  Effective October 1, 2018, all authority, responsibility and obligations of Zions Bancorporation have been transferred to, merged into and assumed by Z.B., N.A., which as of the same date has been renamed Zions Bancorporation, N.A.  All references in this Plan to the “Company,” to “Zions” or to “Zions Bancorporation” shall refer to and mean Zions Bancorporation, N.A. from and after October 1, 2018.
(The following amendments are made and adopted to facilitate the termination of the Plan)

		
	8.
	The Introduction is amended to add a new paragraph at the end to read as follows:  

The Plan has been terminated effective December 31, 2018.

		
	9.
	A new Section 4.9 is added at the end of Article IV to read as follows:

4.9    Termination of Plan.  The Plan has been terminated effective December 31, 2018.  All Accrued Benefits shall be held and distributed from the Plan in the manner and as permitted under Section 10.2 and the regulations and other guidance issued by the Pension Benefit Guarantee Corporation and the Treasury and the Internal Revenue Service.

		
	10.
	Section 10.1 is amended to read as follows:

10.1    Termination of Plan.  The Company expects to continue the Plan indefinitely but reserves the right to terminate the Plan in whole or in part.  The Plan has been terminated effective December 31, 2018.  All Accrued Benefits shall be held and distributed from the Plan in the manner and as permitted under Section 10.2 and the regulations and other guidance issued by the Pension Benefit Guarantee Corporation and the Treasury and the Internal Revenue Service.

		
	11.
	Paragraphs 1 through 7 of this First Amendment shall be effective as of October 1, 2018.  Paragraphs 8 through 10 shall be effective as of the dates indicated therein.  In all other respects the Plan is ratified and approved.

IN WITNESS WHEREOF, the Employer has caused this First Amendment to the Plan to be duly executed as of the date and year first above written.
“EMPLOYER”
Zions Bancorporation, N.A.

By:  ______/s/ Paul Burdiss _____________
Name:  __Paul Burdiss_________________
Title:   __EVP & CFO___________________

1

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