Document:

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                                                                  Exhibit 10(s)

                              AMENDMENT AGREEMENT

     THIS AMENDMENT AGREEMENT (the "Amendment") is made and entered into by
and between BANK OF AMERICA CORPORATION, a Delaware corporation (the
"Corporation"), and BANK OF AMERICA, N.A., as Trustee under The Vandiver Family
Trust dated August 12, 1999 (the "Owner").

                              Statement of Purpose
                              --------------------

     F. William Vandiver, Jr. (the "Executive") is employed by the
Corporation as its Corporate Risk Management Executive. The Corporation and the
Owner have previously entered into a Split Dollar Life Insurance Agreement (the
"Agreement") pursuant to which the parties have insured the lives of the
Executive and the Executive's spouse, Virginia Rita Eldridge Vandiver, for the
benefit and protection of both the Corporation and the Executive's family under
a Variable Survivorship Life Insurance Policy issued by John Hancock Variable
Life Insurance Company. The Internal Revenue Service, in Internal Revenue
Service Notice 2002-08, has proposed a change in the manner in which split
dollar insurance arrangements will be taxed for federal income tax purposes
effective as of January 1, 2004. However, split dollar insurance arrangements
entered into before January 28, 2002 will be eligible for certain
"grandfathered" treatment with respect to such change. The parties desire to
amend the Agreement in order to allow the Agreement to qualify under the
"grandfathering" provisions of Internal Revenue Service Notice 2002-08 and to
preserve the economic benefits which were contemplated to be delivered pursuant
to the Agreement at the time the Agreement was originally executed.

     NOW, THEREFORE, in consideration of the foregoing statement of purpose the
parties hereto agree as follows:

     1.     The first paragraph of Section 4 of the Agreement is hereby amended
to read as follows:

            "4.     Payment of Premiums.  As a convenience to the parties,
                    -------------------
     the Corporation shall pay all premiums under the Policy to the Insurer
     as and when such premiums become due. During the five (5) year period
     following the effective date of the Policy, the Corporation shall pay the
     full amount of the premiums to the Insurer as set forth on Exhibit 2A
                                                                ----------
     attached hereto. Beginning in the sixteenth (16th) year of the Policy,
     the Corporation shall pay premiums under the Policy to the Insurer equal
     to the economic value of the death benefit under

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     the Policy as determined by the Insurer from time to time while the
     Policy remains in effect. Within thirty (30) days of each such premium
     payment by the Corporation during the five (5) year period following the
     effective date of the Policy and within thirty (30) days of each
     anniversary of the effective date of the Policy thereafter, the Owner
     shall pay to the Corporation the economic value of the death benefit
     under the Policy as determined by the Insurer from time to time while the
     Policy remains in effect. A schedule of the premiums to be paid by the
     Owner based on the Insurer's current rates is set forth on Exhibit 2A."
                                                                ----------

     2.     The last sentence of Section 10 of the Agreement is hereby amended
to read as follows:

     "If the Owner does not repay the entire amount of the Corporation's
     Interest in the Policy within such sixty (60) day time period, the
     Corporation may enforce its rights under the Collateral Assignment and,
     upon exercise of the Corporation's rights under the Collateral
     Assignment, the Owner shall be liable for any deficiency realized by the
     Corporation."

     3.     Exhibit 2 attached to the Agreement is hereby deleted in its
            ---------
entirety and replaced by Exhibit 2A attached hereto and all references in the
                         ----------
Agreement to "Exhibit 2" shall hereby refer to Exhibit 2A.
                                               ----------

     4.     Except as expressly or by necessary implication amended hereby,
the Agreement shall continue in full force and effect.

     IN WITNESS WHEREOF, the parties have executed this Amendment on January
24, 2002.

BANK OF AMERICA CORPORATION              BANK OF AMERICA, N.A.

By:   /s/ J. Steele Alphin               Trustee under the Irrevocable Trust
     ------------------------------      dated  August 12, 1999
     J. Steele Alphin
     Corporate Personnel Executive
                                         By:  /s/ John T. McElroy
                                            --------------------------------
     "Corporation"                       Name:  John T. McElroy
                                              ------------------------------
                                         Title:  Assistant Vice President
                                               -----------------------------

                                                 "Owner"

                                        2<PAGE>

                                                                  Exhibit 10(v)

                          BANK OF AMERICA CORPORATION
                 SUMMARY OF CORPORATE MANAGEMENT INCENTIVE PLAN

I.     Objective of the Plan
       ---------------------

       The purposes of this plan is to retain key management of the
       Corporation and to motivate them to increase shareholders' wealth.

II.    Participants
       ------------

       Participants are approved by the Management Compensation Committee.
       Participants whose employment is terminated (either by Bank of America
       or the participant) prior to the receipt of payment will not be
       eligible to receive the award. This rule does not apply in cases
       related to death, retirement or disability.

III.   Determination of the Annual Fund
       --------------------------------

       Funding will be based on a target incentive award and the achievement
       of goals or objectives as determined at the beginning of the year.
       Preliminary funding of the pool will be based primarily on the
       Corporation's achievement of its financial goals such as EPS growth,
       Revenue growth, SVA.

       .  If the Corporation achieves a minimum performance level, the
          funding level will be adjusted accordingly. If this minimum level
          of performance is not achieved, a pool will not be funded.

       .  Upon achievement of the target performance level, a pool will be
          funded based on the targeted incentive award for all participants
          in the plan.

       .  The pool funding for achievement above target performance will be
          determined by the Management Compensation Committee.

       The pool as determined above may be adjusted up or down based on the
       Corporation's financial performance and achievement of goals or
       objectives as determined by the Management Compensation Committee.

IV.    Funding Allocation/Award Determination
       --------------------------------------

       Participants will be evaluated on the achievement of specific
       performance goals. The Management Compensation Committee has the
       authority to:

       A.  Determine the award amount, if any, to eligible participants based
           on guidelines or rules deemed appropriate.

       B.  Allocate among the eligible participants all or any portion of the
           pool funded.

       C.  Reduce or eliminate awards based on a less than acceptable level of
           performance.

V.     Plan Year
       ---------

       The plan year shall be from January 1 to December 31.<PAGE>

                                                                  Exhibit 10(x)

April 23, 2001

Mr. Richard M. DeMartini
42 Masterton Road
Bronxville, NY 10708

Dear Rich:

This letter (the "Agreement") confirms the terms and conditions of your
employment with Bank of America Corporation (the "Company") for the two-year
period (the "Term") beginning on your start date, February 26, 2001 (the "Start
Date"), and ending on February 26, 2003. This Agreement is not intended to
describe the terms and conditions that would apply to your employment with the
Company for periods after February 26, 2003.

     .   Your corporate title will be Executive Vice President. You will hold
         the position of President of the Asset Management Group reporting
         directly to Mr. Ken Lewis. For purposes of this Agreement, references
         to the Asset Management Group include the businesses currently
         denominated as Private Banking, BACAP and BAISI. You will perform your
         duties hereunder at the Company's offices in the Borough of Manhattan
         in the City of New York, New York, with such business travel to other
         locations as may be necessary in connection with the performance of
         your responsibilities.

     .   You will receive a salary of $41,666.66 per month ($500,000.00
         annualized), less appropriate taxes.

     .   You will be eligible for an annual target cash incentive award for
         each calendar year during the Term of $5,000,000, payable each
         February after the applicable year, less appropriate taxes. Your cash
         incentive awards will be paid under the terms of our Bank of America
         Equity Incentive Plan 2000 (the "Equity Incentive Plan"), which pays a
         portion of any annual incentive awards in the form of restricted stock
         units ("RSUs"). If you terminate for any reason other than cause,
         these shares will be fully vested.

     .   You will receive options to purchase 310,000 shares of the Company's
         Common Stock ("Common Stock") on March 1, 2001 (the "Grant Date"),
         one-third of which will vest on each of the first, second and third
         anniversaries of the Grant Date.

     .   Your target stock option award for 2001 performance (to be granted in
         February 2002) is 210,000 shares. All stock and options awarded to you
         will provide that you will be treated as a retiree if you terminate
         employment with the Company (other than for "Cause" as defined below)
         after having completed at least 5 years of service with the Company.

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     .   Subject to the terms of this paragraph, the Company will pay you an
         amount sufficient to compensate you for any reasonable losses incurred
         by you as a result of the forfeiture of any options or restricted
         stock units that occur in connection with the termination of your
         employment with your former employer (such amounts being referred to
         herein as "Loss Amounts"). You will use reasonable best efforts to
         limit the Loss Amounts. The loss amounts will be paid to you on the
         earlier to occur of (1) the end of the Term or (2) the date your
         employment is terminated by the Company other than for Cause or by you
         for Good Reason.

OTHER TERMS AND CONDITIONS

     .   If your employment is terminated during the Term (i) by the Company
         without Cause or (ii) by you for "Good Reason" (as defined below),
         then: (A) you will receive a lump sum payment equal to your base
         salary for the remainder of the term; (B) your target annual cash
         incentive award for the year of termination and (C) an amount equal to
         the difference between the exercise price and the fair market value of
         any unvested options as of the date of your termination, less
         appropriate taxes. If your employment is terminated within one year
         after the term, for the reasons outlined above, you will receive a
         lump sum payment of the amount described in (C).

     .   For purposes of this Agreement, "Cause" shall mean: (I) the commission
         of an act of fraud or dishonesty in the course of your employment;
         (ii) conviction of (or a plea of no contest with respect to) a crime
         constituting a felony; or (iii) conviction of (or a plea of no contest
         with respect to) a crime involving any act of fraud, dishonesty or
         moral turpitude materially injurious to the Company or any of its
         subsidiaries.

     .   For purposes of this  Agreement, "Good Reason" shall mean (i) any
         material breach by the Company of its obligations under this
         Agreement, which breach is not cured by the Company within ten days
         after you give the Company written notice of such breach, (ii) any
         material diminution of your responsibilities or authority as an
         officer of the Company or as President of the Asset Management Group
         reporting directly to Mr. Lewis, or any reorganization or
         restructuring of the Asset Management Group that materially reduces
         the businesses operating under your authority, or (iii) any
         requirement that you perform your duties under this Agreement
         principally in an office located outside of the Borough of Manhattan
         in the City of New York, New York.

     .   This Agreement shall be governed by and construed in accordance with
         the laws of the State of New York.

     .   This Agreement constitute the entire and final expression of the
         agreement of the parties with respect to the subject matter hereof and
         supersede all prior agreements, oral and written, between the parties
         hereto with respect to the subject matter hereof This Agreement may
         only be modified or amended by an instrument in writing signed by both
         parties hereto.

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If you have any questions or if there is any way I can help you further, please
do not hesitate to call. Please indicate your agreement to the foregoing terms
by signing and returning the enclosed counterpart of this Agreement, whereupon
this Agreement shall be a binding agreement between the company and you.

Sincerely,

BANK OF AMERICA CORPORATION

By:     /s/ Charles D. Loring
   -------------------------------
Charles D. Loring
Personnel Executive
Bank of America

Acknowledged and Agreed:

     /s/ Richard M. DeMartini                             4/24/01
----------------------------------          -----------------------------------
Richard M. DeMartini                        Date

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