Document:

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                                                                   Exhibit 10.35

                          THE NATIONAL CITY CORPORATION
                         2004 DEFERRED COMPENSATION PLAN
                (Amended and Restated Effective January 1, 2005)

                                TABLE OF CONTENTS

<TABLE>
<S>                                                                   <C>
ARTICLE I NAME AND PURPOSE
   1.1  Name
   1.2  Purpose

ARTICLE II DEFINITIONS
   2.1  Appeals Committee
   2.2  Board
   2.3  Cash Sub-Account
   2.4  Chief Executive Officer
   2.5  Committee
   2.6  Common Stock
   2.7  Compensation
   2.8  Corporation
   2.9  Covered Executive
   2.10 Crediting Date
   2.11 Deferred Share Sub-Account
   2.12 Directors
   2.13 Deferred Compensation
   2.14 Deferred Compensation Account or Account
   2.15 Elective Deferrals
   2.16 Eligible Employee
   2.17 Employee
   2.18 Employer
   2.19 Employment
   2.20 Enrollment Period
   2.21 Incentive Award
   2.22 Incentive Plan
   2.23 Internal Revenue Code
   2.24 Investment Option
   2.25 Key Employee
   2.26 Non-Elective Deferred Compensation
   2.27 Non-Elective Deferred Compensation Award Statement or Award
        Statement
   2.28 Other Plan
   2.29 Other Plan Transfer Date
   2.30 Participant
   2.31 Payment Date
   2.32 Plan or 2004 Deferred Compensation Plan
   2.33 Plan Administrator
   2.34 Plan Year
   2.35 Retirement Eligible Employee
   2.36 Salary
   2.37 Separation from Service
   2.38 Subsidiaries
   2.39 Termination Date
   2.40 Valuation Date
   2.41 Variable Pay
</TABLE>

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                          THE NATIONAL CITY CORPORATION
                         2004 DEFERRED COMPENSATION PLAN
                (Amended and Restated Effective January 1, 2005)

<TABLE>
<S>                                                                       <C>
ARTICLE III ELECTIVE DEFERRALS
   3.1  Deferral Election
   3.2  Amount of Elective Deferrals
   3.3  Deferral of Compensation
   3.4  Vesting

ARTICLE IV NON-ELECTIVE DEFERRED COMPENSATION
   4.1  Grants of Non-Elective Deferred Compensation
   4.2  Non-Elective Deferred Compensation Award Statement
   4.2  Vesting and Forfeiture

ARTICLE V DEFERRED COMPENSATION ACCOUNT AND CREDITS THERETO
   5.1  Deferred Compensation Account
   5.2  Cash Sub-Account
   5.3  Deferred Share Sub-Account
   5.4  Other Plan Account Balances on the Other Plan Transfer Date
   5.5  Allocation of New Deferrals, Non-Elective Deferral Compensation
        and Transfers of Accumulated Amounts
   5.6  Separate Accounting for Each Source and Each Plan Year
   5.7  Change of Investment Option

ARTICLE VI PAYMENT OF DEFERRED COMPENSATION ACCOUNT
   6.1  Method of Payment
   6.2  Timing and Form of Distribution
   6.3  Election of Alternate Timing and Form of Distribution
   6.4  Automatic Payout Provisions
   6.5  Payments Upon Death of Participant
   6.6  Withholding Taxes

ARTICLE VII ADMINISTRATION
   7.1  Powers and Duties of Plan Administrator
   7.2  Reliance Upon Information

ARTICLE VIII CLAIMS FOR BENEFITS
   8.1  Claims Procedure
   8.2  Appeal and Review Procedure
   8.3  Exhaustion of Remedies

ARTICLE IX GENERAL PROVISIONS
   9.1  Source of Payments
   9.2  Prohibition on Alienation
</TABLE>

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                          THE NATIONAL CITY CORPORATION
                         2004 DEFERRED COMPENSATION PLAN
                (Amended and Restated Effective January 1, 2005)

<TABLE>
<S>                                      <C>
   9.3  Not a Contract of Employment
   9.4  Headings Not to Control
   9.5  Separability of Plan Provisions
   9.6  Applicable Law
   9.7  Entire Plan
   9.8  Withholding

ARTICLE X AMENDMENT AND TERMINATION
   10.1 Amendment and Termination
</TABLE>

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                           ARTICLE I NAME AND PURPOSE

1.1 NAME. This Plan shall be known as the National City Corporation 2004
Deferred Compensation Plan (the "2004 Deferred Compensation Plan" or "Plan").

1.2 PURPOSE. The purpose of the Deferred Compensation Plan is to provide
Eligible Employees with an opportunity to defer the receipt of cash compensation
which would have otherwise been received as Salary, Variable Pay, or as an
Incentive Award, as such terms are defined in Article II, to provide certain
Eligible Employees with non-elective deferred compensation, and to credit the
deferred compensation with gains or losses based upon investment options made
available from time to time by the Plan Administrator.

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                             ARTICLE II DEFINITIONS

The following terms when used herein shall have the meaning set forth below, if
capitalized. Unless the context clearly indicates otherwise, words in the
masculine, feminine or neuter gender include the other genders and the singular
includes the plural and vice versa.

2.1 "APPEALS COMMITTEE" means the committee established by the Corporation to
review claims denials under the Plan in accordance with Section 8.2

2.2 "BOARD" means the Board of Directors of the Corporation.

2.3 "CASH SUB-ACCOUNT" means the sub-account described in Section 5.2.

2.4 "CHIEF EXECUTIVE OFFICER" means the chief executive officer of the
Corporation.

2.5 "COMMITTEE" means the Compensation and Organization Committee of the Board.

2.6 "COMMON STOCK" means common stock, par value $4 per share, of the
Corporation or any security into which such common stock may be changed by
reason of a stock dividend, stock split, combination of shares, recapitalization
or other change in the capital structure of the Corporation or any merger,
consolidation spin-off, reorganization, partial or complete liquidation issuance
of rights or warrants to purchase securities, or other event having a similar
effect.

2.7 "COMPENSATION" means Salary, Variable Pay and Incentive Award(s), as may be
determined by the Plan Administrator from time to time.

2.8 "CORPORATION" means National City Corporation, a Delaware Corporation.

2.9 "COVERED EXECUTIVE" means any individual who is, or is determined by the
Committee to be likely to become a "covered employee" within the meaning of
Section 162(m) of the Internal Revenue Code.

2.10 "CREDITING DATE" means the last business day of each calendar month or such
other date or dates as determined by the Plan Administrator so long as there is
no less than one Crediting Date each calendar year.

2.11 "DEFERRED SHARE SUB-ACCOUNT" means the sub-account described in Section
5.3.

2.12 "DIRECTORS" means those individuals serving as directors on the Board from
time to time.

2.13 "DEFERRED COMPENSATION" shall mean Elective Deferrals as described in
Article III and Non-Elective Deferred Compensation as described in Article IV.

2.14 "DEFERRED COMPENSATION ACCOUNT" or "ACCOUNT" means the account described in
Section 5.1.

2.15 "ELECTIVE DEFERRALS" means any amounts of Salary, Variable Pay or Incentive
Awards which an Eligible Employee elects to defer the receipt of in accordance
with the provisions or Article III.

2.16 "ELIGIBLE EMPLOYEE" means an Employee who as of the first day of the
Enrollment Period (a) has been designated as an executive officer by the Board
or (b) has been designated as an Eligible Employee for the Plan Year by the Plan
Administrator and who satisfies such other criteria as established by the Plan
Administrator, in his or her sole discretion, from time to time. The Eligible
Employee designation shall be limited to key management and highly-compensated
employees of the Corporation or it's Subsidiaries.

2.17 "EMPLOYEE" means an employee of an Employer who is identified as an
employee of the Employer in the human resource records of the Employer.

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2.18 "EMPLOYER" means the Corporation, and the Subsidiaries.

2.19 "EMPLOYMENT" means employment with an Employer.

2.20 "ENROLLMENT PERIOD" means the period in each calendar year designated by
the Plan Administrator during which Eligible Employees make elections with
respect to Elective Deferrals for Compensation earned during the following Plan
Year. Except as may be permitted by Treasury regulations promulgated under
Section 409A of the Internal Revenue Code, the Enrollment Period for any Plan
Year shall end prior to the first day of such Plan Year. The first Enrollment
Period shall end December 31, 2004 and be applicable for the Plan Year
commencing January 1, 2005.

2.21 "INCENTIVE AWARD" means a cash incentive award under an Incentive Plan
which is determined and payable without regard to a participant's election to
defer during the Plan Year.

2.22 "INCENTIVE PLAN" means (i) The National City Corporation Management
Incentive Plan for Senior Officers, (ii) The National City Corporation Long-Term
Incentive Compensation Plan for Senior Officers, and (iii) any other written
plan which (1) provides for cash incentive awards and (2) is designated by the
Plan Administrator as being eligible for deferral into this Plan.

2.23 "INTERNAL REVENUE CODE" means the Internal Revenue Code of 1986, as amended
from time to time.

2.24 "INVESTMENT OPTION" means any arrangement deemed suitable by the Plan
Administrator from time to time for the purpose of providing an investment
credit on amounts deferred to a Participant's Cash Sub-Account.

2.25 "KEY EMPLOYEE" means any Participant who is a 'specified employee' as
defined in Section 409A of the Internal Revenue Code and the lawful Treasury
Regulations promulgated thereunder.

2.26 "NON-ELECTIVE DEFERRED COMPENSATION" means any non-elective deferred
compensation awarded to an Eligible Employee in accordance with Article IV and
allocated to his Deferred Compensation Account.

2.27 "NON-ELECTIVE DEFERRED COMPENSATION AWARD STATEMENT" or "AWARD STATEMENT"
means the written statement from the Corporation identifying the amount of any
Non-Elective Deferred Compensation awarded to a Participant and any terms
relating to such award, as described in Section 4.2 of the Plan.

2.28 "OTHER PLAN" means any plan, program, agreement or provision which the Plan
Administrator deems to be an Other Plan in connection with the consolidation of
such arrangement into the Plan.

2.29 "OTHER PLAN TRANSFER DATE" means the date agreed to by the Plan
Administrator from time to time as the date when accumulated deferral balances
under an Other Plan, are to be transferred from the Other Plan(s) into the Plan.

2.30 "PARTICIPANT" means an Employee or former Employee who has an amount
credited to a Deferred Compensation Account under the Plan.

2.31 "PAYMENT DATE" means any day within thirty (30) days following a Valuation
Date a Participant receives a distribution.

2.32 "PLAN" or "2004 DEFERRED COMPENSATION PLAN" means The National City
Corporation 2004 Deferred Compensation Plan as set forth in this document and as
amended from time to time.

2.33 "PLAN ADMINISTRATOR" means a committee consisting of the Corporate Human
Resources Director, the Corporate Director of Benefits, and the Corporate
Director of Compensation, or such other similar group as established by the
Committee from time to time.

2.34 "PLAN YEAR" means the calendar year.

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2.35 "RETIREMENT ELIGIBLE EMPLOYEE" means those Employees being either (i) age
55 or older with 10 years of service or (ii) age 65 or older with at least 5
years of service on their Termination Date.

2.36 "SALARY" means the base salary of an Employee, exclusive of any bonuses,
incentives, special awards, or equity compensation.

2.37 "SEPARATION FROM SERVICE" shall mean the termination of a Participant's or
former Participant's employment relationship with the Employer for any reason
whatsoever, whether voluntarily or involuntarily, including by reason of
retirement, quit, discharge or death; provided, however, that if the foregoing
definition does not satisfy the requirements of Section 409A of the Internal
Revenue Code, an appropriate definition shall be substituted in lieu of the
foregoing, effective as of the Effective Date, or as of such other date as shall
satisfy the requirements of Section 409A.

2.38 "SUBSIDIARIES" means those entities in which the Corporation directly or
indirectly owns 50% or more of the voting equity securities.

2.39 "TERMINATION DATE" means the date of a Participant's Separation from
Service.

2.40 "VALUATION DATE" means the last day of the Plan Year.

2.41 "VARIABLE PAY" means any bonuses, commissions or similar payments which
would be paid to an Employee in cash and which are not part of the Employee's
Salary. An Incentive Award shall not be treated as Variable Pay for purposes of
the Plan.

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                         ARTICLE III ELECTIVE DEFERRALS

3.1 DEFERRAL ELECTION.

     (a)  Except as provided in paragraphs (b) and (c) below, each Eligible
          Employee who desires to defer Compensation otherwise payable for a
          Plan Year must do so by filing a deferral election with the Plan
          Administrator during the Enrollment Period for that Plan Year. The
          election shall be made on the form specified by the Plan Administrator
          and shall be irrevocable after the end of the Enrollment Period. To be
          effective, the form must be received by the Plan Administrator prior
          to the end of the Enrollment Period.

     (b)  The Plan Administrator may, in his or her sole discretion, permit an
          Eligible Employee who commences Employment during a Plan Year to
          submit a deferral election for Compensation payable during such Plan
          Year, provided such election is submitted no later than 30 days after
          the Employee first becomes eligible for the Plan and applies only to
          Compensation earned after the date such form is received by the Plan
          Administrator.

     (c)  Notwithstanding the foregoing, the Plan Administrator may, in his or
          her sole discretion, permit an Eligible Employee to submit an election
          to defer Compensation at times other than as identified in paragraphs
          (a) and (b) above, provided that such election is recognized as a
          valid election under Treasury regulations promulgated under Section
          409A of the Internal Revenue Code.

3.2 AMOUNT OF ELECTIVE DEFERRALS. Each Eligible Employee may defer, at the Plan
Administrator's discretion, a portion of Salary, Variable Pay and/or Incentive
Award otherwise payable for the Plan Year. From time to time the Plan
Administrator shall establish maximum limits for Elective Deferrals. Such
maximum limits may be expressed as a percentage of Salary, Variable Pay and/or
Incentive Award deferrals, as appropriate, and need not be applied to Eligible
Employees on a uniform basis.

3.3 DEFERRAL OF COMPENSATION. Notwithstanding Section 3.1 above, the Committee
shall have the discretion to deny any Eligible Employee's Deferral Election for
any given Plan Year or portion of a Plan Year. The Employer shall withhold
payment of the applicable portion of each Salary payment, Variable Pay and/or
each Incentive Award elected by the Participant to be deferred for the Plan Year
for those deferral elections which the Committee does not deny. Elective
Deferrals shall be credited to the Participant's Deferred Compensation Account
as described in Article V.

3.4 VESTING. All Elective Deferrals under the Plan, and any earnings thereon,
shall be fully vested at all times.

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                  ARTICLE IV NON-ELECTIVE DEFERRED COMPENSATION

4.1 GRANTS OF NON-ELECTIVE DEFERRED COMPENSATION. The Chief Executive Officer
may, at his discretion award an Eligible Employee an amount of Non-Elective
Deferred Compensation. The amount of any award of Non-Elective Deferred
Compensation under the Plan may be expressed as (i) a fixed dollar amount, (ii)
a percentage of Compensation, (iii) a percentage of Elective Deferrals, or (iv)
any combination of the foregoing. Notwithstanding the foregoing, the Committee
shall determine the amount of any Non-Elective Deferred Compensation awarded to
a Covered Employee.

4.2 NON-ELECTIVE DEFERRED COMPENSATION AWARD STATEMENT. Any award of
Non-Elective Deferred Compensation shall be evidenced by an Award Statement in a
form determined by the Plan Administrator, which is delivered to the Participant
describing the amount of the award, the timing and form of distribution of such
award, and any vesting requirement or other restrictions on such award of
Non-Elective Deferred Compensation. The Corporation may condition a
Participant's receipt of an award of Non-Elective Deferred Compensation upon the
Participant's execution of an agreement containing such terms and conditions as
the Corporation shall determine appropriate.

4.3 VESTING AND FORFEITURE. Unless provided otherwise on an Award Statement, all
Non-Elective Deferred Compensation awarded under the Plan, and any earnings
thereon, shall be fully vested at all times. All non-vested amounts in a
Participant's Deferred Compensation Account shall be forfeited upon the
Termination Date and the Corporation shall have not further obligation to pay
the Participant in regard to such amounts.

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           ARTICLE V DEFERRED COMPENSATION ACCOUNT AND CREDITS THERETO

5.1 DEFERRED COMPENSATION ACCOUNT. An unfunded bookkeeping account known as the
Deferred Compensation Account shall be established for each Participant. The
Deferred Compensation Account shall be credited with (i) all deferred amounts
credited under an Other Plan as of the Other Plan Transfer Date, (ii) all
Elective Deferrals under Article III of the Plan, and (iii) all Non-Elective
Deferred Compensation awarded under Article IV of the Plan. Each Participant's
Account shall consist of two sub-accounts -- (a) the "Cash Sub-Account" and (b)
the "Deferred Share Sub-Account."

5.2 CASH SUB-ACCOUNT. Any Elective Deferrals that a Participant elects to defer
to his or her Cash Sub-Account shall be treated as if it were set aside in such
sub-account on the date the Compensation would otherwise have been paid to the
Participant and shall be allocated among the available Investment Options using
forms and procedures established by the Plan Administrator for such purpose. Any
Non-Elective Deferred Compensation awarded under Article IV of the Plan which a
Participant directs to be credited to his Cash Sub-Account shall be credited to
the Participant's Cash Sub-Account in accordance with uniform procedures
established by the Plan Administrator. The amounts credited to a Participant's
Cash Sub-Account, as reduced for amounts distributed under Article VI, shall be
adjusted each Crediting Date to reflect gain or loss from the Investment
Options.

5.3 DEFERRED SHARE SUB-ACCOUNT. Any Elective Deferrals that a Participant elects
to defer to his or her Deferred Share Sub-Account shall be deemed to be invested
in that number of whole and fractional shares of Common Stock determined by
dividing the amount (expressed in dollars) of the Compensation to be deferred by
the fair market value per share of such Common Stock on the date such
Compensation would otherwise be paid. Such sub-account shall be deemed to be so
invested on the date the Compensation would otherwise have been paid to the
Participant, and on such date the sub-account shall be credited with a number of
deferred shares equal to the number of shares of Common Stock deemed to be
invested. Any Non-Elective Deferred Compensation awarded under Article IV of the
Plan which a Participant directs to be credited to his Deferred Share
Sub-Account shall be credited to the Participant's Deferred Share Sub-Account in
a similar fashion at such times as shall be determined in accordance with
uniform procedures established by the Plan Administrator. Such sub-account shall
be credited as of each Crediting Date with that number of additional deferred
shares equal to the amount of cash dividends paid by the Corporation since the
last Crediting Date on that number of shares of Common Stock equivalent to the
number of deferred shares in such sub-account since the last Crediting Date
divided by the fair market value per share of such Common Stock on such
Crediting Date. Appropriate adjustments in the Deferred Share Sub-Account shall
be made as equitably required to prevent dilution or enlargement of the
sub-account from any stock dividend, stock split, reorganization or other such
corporate transaction or event.

5.4 OTHER PLAN ACCOUNT BALANCES ON THE OTHER PLAN TRANSFER DATE. The amount
credited to a Participant under an Other Plan as of the Other Plan Transfer Date
shall be credited to the Cash Sub-Account and allocated among the Investment
Options or to the Deferred Share Sub-Account according to guidance provided by
the Participant to the Plan Administrator using a special election form provided
by the Plan Administrator for such purpose. If the Participant fails to provide
such guidance prior to any Other Plan Transfer Date or for any Plan Year, the
Plan Administrator has the discretion to allocate such amount among one or more
of the available Investment Options under the Cash Sub-Account for the
Participant.

5.5 ALLOCATION OF NEW ELECTIVE DEFERRALS, NON-ELECTIVE DEFERRED COMPENSATION AND
TRANSFERS OF ACCUMULATED AMOUNTS.

     (a)  During the Enrollment Period, the Participant shall elect (i) how
          Elective Deferrals during the applicable Plan Year are to be allocated
          between the Cash Sub-Account and the Deferred Share Sub-Account and
          (ii) how Elective Deferrals allocated to the Cash Sub-Account are to
          be allocated among the available Investment Options using forms and
          procedures established by the Plan Administrator for such purpose.

     (b)  Prior to the crediting of the grant of an award of Non-Elective
          Deferred Compensation to the Participant's Account, the Participant
          shall elect (i) how such award of Non-Elective Deferred Compensation
          is to be allocated between the Cash Sub-Account and the Deferred Share
          Sub-Account and (ii) how Non-Elective Deferred Compensation allocated
          to the Cash Sub-Account is to be allocated among the available

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          Investment Options using forms and procedures established by the Plan
          Administrator for such purpose. In the event that no election is made
          by the Participant hereunder, Administrator has the discretion to
          allocate such amount among one or more of the available Investment
          Options under the Cash Sub-Account for the Participant.

     (c)  Each Participant may reallocate his or her accumulated Cash
          Sub-Account or deferrals among the Investment Options or to the
          Deferred Share Sub-Account only during times approved by the Plan
          Administrator and using forms and procedures established from time to
          time by the Plan Administrator for such purpose; provided, however,
          that a Participant may not reallocate his or her accumulated Deferred
          Share Sub-Account to his or her Cash Sub-Account or any Investment
          Option. Any changes a Participant makes shall become effective on the
          next Crediting Date following the Plan Administrator's acceptance of
          the Participant's reallocation election.

5.6 SEPARATE ACCOUNTING FOR EACH SOURCE AND EACH PLAN YEAR. A Participant's
Deferred Compensation Account and the Cash Sub-Account and Deferred Share
Sub-Account established thereunder shall separately track each separate deferred
compensation source for each Plan Year. Each separate amount shall be separately
for gains and losses or for cash dividend, as appropriate. Any distribution from
a Participant's Deferred Compensation Account which pertains solely to deferred
compensation from a particular source or credited during a particular Plan Year
shall be deducted solely from that portion of the Deferred Compensation Account
using procedures established by the Plan Administrator for such purpose.

5.7 CHANGE OF INVESTMENT OPTION. The Plan Administrator may change the
Investment Options available from time to time under the Plan. However, no such
change shall reduce a Participant's Deferred Compensation Account. If, following
a change in the Investment Options, the Participant fails to reallocate his or
her Cash Sub-Account among the available Investment Options, the Plan
Administrator has the discretion to either (a) allocate such amount among one or
more of the available Investment Options or (b) credit the Deferred Share
Sub-Account with such amount for the Participant.

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               ARTICLE VI PAYMENT OF DEFERRED COMPENSATION ACCOUNT

6.1 METHOD OF PAYMENT. The amounts credited to a Participant's Cash Sub-Account
shall be paid in cash. The amounts credited to a Participant's Deferred Share
Sub-Account shall be paid in shares of Common Stock.

6.2 TIMING AND FORM OF DISTRIBUTION. Except as set forth in the Award Statement
for an award of Non-Elective Deferred Compensation or as set forth in Sections
6.3 and 6.4 below, a Participant shall have his Deferred Compensation Account
balance valued as of the Valuation Date first following his Termination Date.
Such balance shall be distributed in a lump sum on the Payment Date first
following such Valuation Date.

6.3 ELECTION OF ALTERNATE TIMING AND FORM OF DISTRIBUTION FOR ELECTIVE
DEFERRALS. A Participant may make the following irrevocable elections with
regard to his Account:

     (a)  Installment Payments. The Participant may elect that, in the event
          that he is a Retirement Eligible Employee at his Termination Date, the
          distribution of the applicable portion of his Elective Deferrals (plus
          any earnings thereon) be paid to him in annual installments of 10
          years rather than as a lump sum. The amount of the first installment
          distribution shall be based on the value of such amount as determined
          on the last Valuation Date in the Plan Year in which the Participant's
          Termination Date occurs. Such amount shall be divided by 10 to
          determine the distribution. The distribution shall be made on the
          Payment Date next following such Valuation Date. Subsequent
          distributions shall be determined annually thereafter using the
          procedure established herein, with the exception that the divisor
          shall be the number of payments remaining. To be valid, such election
          must be made during the Enrollment Period immediately preceding the
          Plan Year for such Elective Deferrals were credited and shall apply
          only to the distribution of Elective Deferrals credited during that
          Plan Year, together with the earnings thereon.

     (b)  Scheduled Payments. The Participant may specify a future Payment Date
          when (i) the Elective Deferrals credited during a Plan Year (together
          with the earnings thereon) will be distributed. To be valid, such
          Scheduled Payment must be elected during the Enrollment Period
          immediately preceding the Plan Year during which the Elective
          Deferrals are credited to Plan and may not specify a Payment Date
          which is within 3 years of the Plan anniversary to which such election
          first applied. From time to time the Plan Administrator shall
          establish limits regarding the number of Scheduled Payments a
          Participant may elect. The Plan Administrator shall disregard any
          invalid Scheduled Payment election.

6.4 AUTOMATIC PAYOUT PROVISIONS. The following provisions shall override any
election by a Participant pursuant to Section 6.3 above regarding the timing
and/or form of distribution of his Account:

     (a)  In the event that the balance of a Participant's Account as of the
          Valuation Date immediately following his Termination Date is $10,000
          or less (or such larger amount as may be permitted in Treasury
          regulations promulgated under Section 409A of the Internal Revenue
          Code), the balance shall be paid as a single lump sum on the Payment
          Date next following that Valuation Date.

     (b)  In the event that a Scheduled Payment Date selected by a Participant
          pursuant to Section 6.3(b) above would occur following the
          Participant's Termination Date, such payment shall be made on the
          Payment Date next following the Valuation Date following his
          Termination Date.

     (c)  No Covered Executive shall be eligible to make an election for a
          Scheduled Payment and the Plan Administrator is hereby empowered to
          disregard a Scheduled Payment election made by such a Participant at a
          time prior his first becoming a Covered Executive.

     (d)  With regard to any payment under Section 6.2 or 6.3 (a) above, for any
          Participant who is a Key Employee as of his Termination Date (or such
          other day as may be required by Section 409A of the Internal Revenue
          Code and the Treasury regulations thereunder), his Account balance
          shall be valued as of the first Valuation Date which is at least 6
          months following his Termination Date and such balance shall be
          distributed, or commence to be distributed, on the Payment Date first
          following such Valuation Date. For purposes of this

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          section 6.4(d), the determination of the Corporation's Key Employees
          shall be made as of each December 31st (the "identification date") and
          shall be applicable for the 12-month period commencing April 1st
          following that identification date.

     (e)  Notwithstanding any provision in this Article VI to the contrary, the
          Plan Administrator shall disregard any election by a Participant to
          the extent such election would result in an "acceleration of benefits"
          or a "change in time or form of distribution" within the meaning of
          Section 409A of the Internal Revenue Code and the Treasury regulations
          promulgated thereunder.

6.5 PAYMENTS UPON DEATH OF PARTICIPANT.

     (a)  A Participant may designate any person or persons (not exceeding 5),
          including a trust, as his or her beneficiary to receive his or her
          Deferred Compensation Account in the event of the Participant's death.
          Any such designation shall be made by filing the form designated by
          the Plan Administrator for that purpose. The Participant may change or
          cancel his or her beneficiary designation at any time prior to death
          without the consent of any designated beneficiary. If the Participant
          has designated no beneficiary, or if no beneficiary is alive at the
          date of the Participant's death, payment shall be made to the
          Participant's estate.

     (b)  If the Participant's death occurs during Employment, the Participant's
          Account shall be distributed in a lump sum on the Termination
          Distribution Payment Date to each of the Participant's surviving
          beneficiaries in the portions designated by the Participant in 6.5(a).

     (c)  If the Participant's death occurs after installment payments have
          commenced, the Participant's Account shall be distributed in a lump
          sum on the next scheduled Payment Date to each of the Participant's
          surviving beneficiaries in the portions designated by the Participant
          in 6.5(a).

     (d)  In the event that distributions are made under this Section 6.5 to
          multiple beneficiaries, such distributions from the Deferred
          Compensation Account shall be deducted from the balance in the
          Deferred Share Sub-Account and each Investment Option under the Cash
          Sub-Account on a pro rata basis in proportion to the balance in each
          option using procedures established by the Plan Administrator for such
          purpose.

6.6 WITHHOLDING TAXES. The Corporation shall have the right to deduct from
distributions under the Plan any and all taxes required to be collected under
federal, state or local laws, using procedures established by the Plan
Administrator for such purpose.

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                           ARTICLE VII ADMINISTRATION

7.1 POWERS AND DUTIES OF PLAN ADMINISTRATOR.

     (a)  The Plan Administrator shall have discretionary authority to determine
          eligibility for benefits and to interpret the terms of the Plan. The
          Plan Administrator shall have such other discretionary authority as
          may be necessary to enable it to discharge its responsibilities under
          the Plan as administrator and, including, but not limited to, the
          power:

          (1)  To value Participant's Accounts.

          (2)  To distribute Participant's Accounts.

          (3)  To establish and change Investment Options.

          (4)  To appoint or employ one or more persons to assist in the
               administration of the Plan. Such assistants shall serve at the
               pleasure of the Plan Administrator, and shall perform such
               functions as may be assigned by the Plan Administrator.

          (5)  To adopt such rules as it deems appropriate for the
               administration of the Plan.

          (6)  To establish procedures to be followed by Participants.

          (7)  To prepare and distribute information relating to the Plan.

          (8)  To request from Employers and Participants such information as
               shall be necessary for proper administration of the Plan.

     (b)  Decisions of the Plan Administrator must be made by a quorum
          consisting of a majority of the constituent members of the Plan
          Administrator, and decisions may also be made by unanimous written
          consent of members of the Plan Administrator. The decision of the Plan
          Administrator upon any matter within its authority shall be final and
          binding on all parties, including the Corporation, the Participants
          and their beneficiaries.

     (c)  Neither Plan Administrator, including its individual constituent
          members, nor any assistant shall be liable to any person for any
          action taken or omitted in connection with the interpretation and
          administration of this Plan unless attributable to his or her own
          willful misconduct or lack of good faith.

7.2 RELIANCE UPON INFORMATION. In making decisions under the Plan, the Plan
Administrator shall be entitled to rely upon information furnished by a
Participant, beneficiary or Employer.

                                       11

<PAGE>

                        ARTICLE VIII CLAIMS FOR BENEFITS

8.1 CLAIMS PROCEDURE.

     (a)  Claims Must be Filed. An Employee, Participant, beneficiary or estate
          of a deceased Participant (the "claimant") who has a claim for
          benefits or concerning any other matter under the Plan must give
          written notice of such claim or other matter to the Plan
          Administrator.

     (b)  Review of Claim. After the Plan Administrator has reviewed the claim
          and obtained any other information it deems necessary to render a
          decision on the claim, the Plan Administrator shall notify the
          claimant within 90 days after receipt of the claim of the acceptance
          or denial of the claim, unless special circumstances require an
          extension of time for processing the claim. Such an extension of time
          may not exceed 90 additional days and notice of the extension shall be
          provided to the claimant prior to the termination of the initial
          90-day period indicating the special circumstances requiring the
          extension and the date by which a final decision on the claim is
          expected.

     (c)  Denied Claims. In the event any application for benefits is denied, in
          whole or in part, the Plan Administrator shall notify the claimant of
          such denial in writing and shall advise the claimant of the right to
          appeal the denial and to request a review thereof. Such notice shall
          be written in a manner calculated to be understood by the claimant and
          shall contain:

          (1)  Specific reason for such denial.

          (2)  Specific reference to the Plan provisions on which such denial is
               based.

          (3)  A description of any information or material necessary for the
               Employee to perfect the claim.

          (4)  An explanation of why such material is necessary.

          (5)  An explanation of the Plan's appeal and review procedure.

8.2 APPEALS AND REVIEW PROCEDURE.

     (a)  Appeal of Claims Denial. If the claimant's claim for benefits is
          denied in whole or in part, the claimant, or the claimant's duly
          authorized representative, may appeal the denial by submitting to the
          Plan Administrator a written request for review of the application by
          an Appeals Committee within 180 days after receiving written notice of
          such denial. The Plan Administrator shall give the applicant (upon
          request) an opportunity to review pertinent Plan documents (other than
          legally privileged documents) in preparing such request for review.

     (b)  Contents of Appeal. The request for review must be in writing and
          shall be addressed to the Appeals Committee c/o the Plan
          Administrator. The request for review shall set forth all of the
          grounds upon which it is based, all facts in support thereof and any
          other matters which the claimant deems pertinent. The Appeals
          Committee may require the claimant to submit (at the claimant's
          expense) such additional facts, documents or other material as the
          Appeals Committee deems necessary or advisable in making its review.

     (c)  Review of Appeal. The Appeals Committee shall act upon each request
          for review within 120 days after its receipt thereof unless special
          circumstances require further time for processing. Written notice of
          an extension of time beyond 120 days shall be furnished to the
          claimant prior to the commencement of the extension. In no event shall
          the decision on review be rendered more than 365 days after the
          Appeals Committee receives the request for review.

     (d)  Denied Appeals. In the event the Appeals Committee confirms the denial
          of the claim for benefits in whole or in part, it shall give written
          notice of its decision to the claimant. Such notices shall be written
          in a manner calculated to be understood by the claimant and shall
          contain the specific reasons for the denial.

8.3 EXHAUSTION OF REMEDIES. No legal action for benefits under the Plan shall be
brought unless and until the following steps have occurred:

     (a)  The claimant has submitted a written application for benefits in
          accordance with Section 8.1.

     (b)  The claimant has been notified that the claim has been denied.

                                       12

<PAGE>

     (c)  The claimant has filed a written request appealing the denial in
          accordance with Section 8.2.

     (d)  The claimant has been notified in writing that the Appeals Committee
          has denied the claimant appeal or has failed to take any action on the
          appeal within the time prescribed by Section 8.2.

                                       13

<PAGE>

                          ARTICLE IX GENERAL PROVISIONS

9.1 SOURCE OF PAYMENTS. The Deferred Compensation Accounts established under the
Plan are unfunded bookkeeping accounts and are payable from the general assets
of the Corporation. The Corporation is not required to physically segregate any
cash or securities or establish any separate funds to pay any benefits under the
Plan. Nothing in this Plan shall be deemed to create a trust or fund of any kind
or any fiduciary relationship.

9.2 PROHIBITION ON ALIENATION. No amount payable under the Plan shall be subject
to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance,
hypothecation, charge, attachment, garnishment, execution, or levy of any kind
or any other process of law, voluntary or involuntary. Any attempt to dispose of
any rights to benefits payable under the Plan shall be void. Notwithstanding the
preceding sentence, the Corporation shall have the right to offset from a
Participant's Account balance any amounts due and owing from the Participant to
the extent permitted by law. Notwithstanding the foregoing, the Corporation may
transfer a Participant's rights under the Plan to a successor entity in
connection with a sale, spin-off, or other similar event, if and only if the
successor entity agrees to enforce the terms and provisions hereof.

9.3 NOT A CONTRACT OF EMPLOYMENT. Participation in this Plan by an Employee
shall not give such Employee any right to be retained in the employ of the
Employer and the ability of the Employer to dismiss or discharge an Employee is
specifically reserved.

9.4 HEADINGS NOT TO CONTROL. Headings and titles within the Plan are for
convenience only and are not to be read as part of the text of the Plan.

9.5 SEPARABILITY OF PLAN PROVISIONS. If any provisions of the Plan are for any
reason declared invalid or not enforceable, such provisions will not affect the
remaining terms and conditions, but the Plan will be construed and enforced
thereafter as if such provisions had not been inserted.

9.6 APPLICABLE LAW. The validity and effect of the Plan and the rights and
obligations of all persons affected thereby, are to be construed and determined
in accordance with applicable federal law, and to the extent that federal law is
inapplicable, under the laws of the State of Ohio.

9.7 ENTIRE PLAN. This document is a complete statement of the 2004 Deferred
Compensation Plan as of October 25, 2004. The Corporation shall not be bound by
or liable to any person for any representation, promise or inducement made by
any person which is not embodied in this document or in any authorized written
amendment to the Plan.

9.8 WITHHOLDING. Notwithstanding any other provision of the Plan to the
contrary, the Plan Administrator may establish procedures applicable to satisfy
FICA or other required withholding that may arise at the time Deferred
Compensation is allocated to a Participant's Account (or, if later, at the time
that Deferred Compensation previously allocated to Participant's Account is
vested). These procedures may call for such withholding to be satisfied either
(i) by reducing the amount of a Participant's Elective Deferrals prior to such
amount being allocated to the Participant's Account, (ii) by reducing other
compensation payable to the Participant at or about the same time the deferral
is allocated to a Participant's Account, or (iii) by receiving a check or other
payment from the Participant for the amount(s) due.

                                       14

<PAGE>

                       ARTICLE X AMENDMENT AND TERMINATION

10.1 AMENDMENT AND TERMINATION. The Corporation expects to continue this Plan
indefinitely, but reserves the right, by action of the Committee, to amend it
from time to time or to discontinue it if such change is deemed necessary or
desirable. However, if the Committee amends the Plan, the Corporation shall
remain obligated under the Plan with respect to each Participant's Deferred
Compensation Account (including the earnings, gains, and losses thereon, if any)
for which, as of the date of such action, have been credited or debited to the
Account. No such amendment, modification or termination shall reduce the amount
credited to a Participants' Accounts as of the date of such action.
Notwithstanding the foregoing, the Corporation reserves the right to amend the
Plan unilaterally in any manner necessary to comply with the American Jobs
Creation Act of 2004 and any regulations promulgated thereunder.

IN WITNESS WHEREOF, National City Corporation has caused this instrument to be
executed by its duly authorized officer, this ____ day of ________, 2004.

                                        NATIONAL CITY CORPORATION

                                        ----------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                       15<PAGE>

                                                                   Exhibit 10.47

                            NATIONAL CITY CORPORATION
                            MANAGEMENT SEVERANCE PLAN

               (AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2005)

                                    ARTICLE 1
                            The Plan and its Purpose

1.1 Amendment and Restatement of Plan. The following are the provisions of the
National City Corporation Management Severance Plan (herein referred to as the
"Plan") effective as of January 1, 2005, which is an amendment and restatement
of the Plan which was in effect prior thereto. The Plan as amended and restated
herein is effective with respect to Participants who retire have a Separation
from Service on or after the Effective Date.

1.2 Purpose. The purpose of the Plan is to maximize the Corporation's
profitability and operating success by attracting and retaining key managerial,
operational and executive employees and allowing them to focus on their
responsibilities in the event of, and following, a Change in Control.

1.3 Operation of the Plan. The Plan shall serve as a non-qualified plan
providing post Change in Control benefits to Participants. The severance
compensation provided by this Plan shall be the sole severance compensation a
Participant will be entitled to from an Employer as a result of a Change in
Control. Any Employee covered by this Plan shall not receive any other severance
benefit after a Change in Control from any other severance plan, policy or
agreement.

                                    ARTICLE 2
                                   Definitions

2.1 Definitions. Whenever used herein the following terms shall have the
meanings set forth below unless otherwise expressly provided. When the defined
meaning is intended, the term is capitalized.

     (a) "Base Salary" shall mean the annual salary of each Participant at the
Effective Date or Implementation Date, whichever is higher, exclusive of any
bonuses, incentive pay, special awards, stock options or other stock
compensation.

     (b) "Board" shall mean the board of directors of the Corporation.

     (c) "Cause" means that, prior to any termination pursuant to Section 3.1
hereof, the Participant shall have committed:

                                       1

<PAGE>

          (i) an intentional act of fraud, embezzlement or theft in connection
with his duties or in the course of his employment with an Employer;

          (ii) intentional wrongful damage to property of an Employer;

          (iii) intentional wrongful disclosure of secret processes or
confidential information of an Employer; or

          (iv) intentional wrongful engagement in any Competitive Activity;

and any such act shall have been materially harmful to an Employer. For purposes
of the Plan, no act or failure to act on part of the Participant shall be deemed
"intentional" if it was due primarily to an error in judgment or negligence, but
shall be deemed "intentional" only if done or admitted to be done by the
Participant not in good faith and without reasonable belief that his action or
omission was in the best interest of an Employer. Notwithstanding the foregoing,
the Participant shall not be deemed to have been terminated for "Cause"
hereunder unless and until there shall have been delivered to the Participant a
notice stating the Participant had committed an act constituting "Cause" as
herein defined and specifying the particulars thereof in detail. Nothing herein
shall limit the right of the Participant or his beneficiaries to contest the
validity or propriety of any such determination.

     (d) "Change in Control" shall mean:

          (1) The Corporation is merged, consolidated or reorganized into or
with another corporation or other legal person, and as a result of such merger,
consolidation or reorganization less than sixty-five percent of the combined
voting power of the then-outstanding securities of such corporation or person
immediately after such transaction are held in the aggregate by the holders of
Voting Stock of the Corporation immediately prior to such transaction;

          (2) The Corporation sells or otherwise transfers all or substantially
all of its assets to another corporation or other legal person, and as a result
of such sale or transfer less than sixty-five percent of the combined voting
power of the then-outstanding Voting Stock of such corporation or person
immediately after such sale or transfer is held in the aggregate by the holders
of Voting Stock of the Corporation immediately prior to such sale or transfer;

          (3) The Corporation files a report or proxy statement with the
Securities and Exchange Commission pursuant to the Exchange Act disclosing in
response to Form 8-K or Schedule 14A (or any successor schedule, form or report
or item therein) that a change in control of the Corporation has occurred or
will occur in the future pursuant to any then-existing contract or transaction;
or

                                       2

<PAGE>

          (4) If, during any period of two consecutive years, individuals who at
the beginning of any such period constitute the Board cease for any reason to
constitute at least a majority thereof; provided, however, that for purposes of
this clause (4) each member of the Board who is first elected, or first
nominated for election by the Corporation's stockholders, by a vote of at least
two-thirds of the members of the Board (or a committee thereof) then still in
office who were members of the Board at the beginning of any such period will be
deemed to have been a member of the Board at the beginning of such period.

Notwithstanding the foregoing provisions of paragraph 2.1(d)(1), 2.1(d)(2) or
2.1(d)(3), in the case where the individuals who constitute the members of the
Board at the time a specific transaction described in Paragraph 2.1(d)(1),
2.1(d)(2) or 2.1(d)(3) is first presented or disclosed to the Board will, by the
terms of the definitive agreement for that transaction, constitute 50% or more
of the members of the board of directors of the resulting corporation or person
immediately following such transaction, a "Change in Control" shall not be
deemed to have occurred.

     (e) "Committee" shall mean the Compensation and Organization Committee of
the Board or another committee appointed by the Board to serve as the
administering committee of the Plan.

     (f) "Competitive Activity" means the Participant's participation, without
the written consent of an officer of the Corporation, in the management of any
business enterprise if such enterprise engages in substantial and direct
competition with the Corporation and such enterprise's revenues derived from any
product or service competitive with any product or service of the Corporation
amounted to 10% or more of such enterprise's revenues for its most recently
completed fiscal year and if the Corporation's revenues of said product or
service amounted to 10% of the Corporation's revenues for its most recently
completed fiscal year. "Competitive Activity" will not include (i) the mere
ownership of securities in any such enterprise and the exercise of rights
appurtenant thereto and (ii) participation in the management of any such
enterprise other than in connection with the competitive operations of such
enterprise.

     (g) "Continuation Period" means the period of time beginning on the
Termination Date and continuing until the first anniversary of the Termination
Date.

     (h) "Corporation" shall mean National City Corporation, a Delaware
corporation.

     (i) "Effective Date". In the event a Change in Control ultimately results
from discussions or negotiations involving the Corporation or any of its
officers or directors, the "Effective Date" of such Change in Control shall be
the date uninterrupted discussions or negotiations commenced.

                                       3

<PAGE>

     (j) "Employee" shall mean an individual employed by an Employer on a full
time, part time or salaried basis as of the Effective Date. The term "Employee"
shall not, however, include any person who has been notified in writing prior to
the Effective Date that his job is being eliminated or that his employment is
going to be terminate.

     (k) "Employee Benefits" means the benefits and service credit for a benefit
as provided under any and all employee retirement income and welfare benefit
policies, plans, programs or arrangements in which the Participant is entitled
to participate, including without limitation any stock option, stock purchase,
stock appreciation, savings, pension, supplemental executive retirement, or
other retirement income or welfare benefit, deferred compensation, incentive
compensation, group or other life, health, medical/hospital or other insurance
(whether funded by actual insurance or self-insured by the Corporation)
disability, expense reimbursement and other employee benefit policies, plans,
programs or arrangements in place at the Implementation Date. Employee Benefits
shall not include any (i) severance plan, policy or benefits other than those
benefits specifically provided by this Plan or (ii) any perquisites such as
county club memberships or car allowances. Those persons receiving financial
counseling prior to the Change in Control shall continue to receive financial
counseling services during the Protection Period.

     (l) "Employer" shall mean the Corporation or any Subsidiary.

     (m) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended.

     (n) "Implementation Date" shall be the earliest to occur of the events
specified in Section 2.1(d).

     (o) "Incentive Pay" means an amount equal to the sum of (a) the higher of
(i) the highest aggregate annual incentive payment (excluding income realized
from the exercise of stock options, any benefits received from being granted
stock options or shares of restricted stock, income realized from the sale of
restricted stock and any profit sharing, matching contributions or discretionary
contributions made under any savings plan but including, without limitation,
awards pursuant to the Management Incentive Plan) awarded for either of the two
calendar years immediately preceding the year in which the Effective Date occurs
or (ii) the target award for the individual for the year in which the Effective
Date occurs and (b) the higher of (i) the highest incentive payment awarded
pursuant to the Long Term Plans for either of the plan cycles ending in the two
calendar years immediately preceding the year in which the Effective Date occurs
or (ii) the target award for the individual pursuant to the Long Term Plans for
the plan cycle ending in the calendar year in which the Effective Date occurs.
For purposes of this Paragraph 2.1(o), "payment" includes moneys paid as well as
any portion of any award deferred.

                                       4

<PAGE>

     (p) "Long Term Plans" means the National City Corporation Long-Term Cash
and Equity Incentive Plan and any predecessor or successor plans to this plan.

     (q) "Management Incentive Plan" means the National City Corporation
Management Incentive Plan for Senior Officers, and any predecessor or successor
plans to these plans.

     (r) "Participant" shall mean an Employee whose job is assigned to a grade
level within the range of grade level 1 through grade level 7 pursuant to the
Corporation's system for grading jobs, excluding those Employees who are covered
by an employment agreement, severance agreement, or other specialized plan at
the earlier of the (i) time of termination or the Implementation Date that
address severance benefits.

     (s) "Plan" see Section 1.1

     (t) "Protection Period" means the period of time commencing on the
Effective Date and continuing through to the fifteenth month anniversary of the
Implementation Date.

     (u) "Specified Employee" shall mean any Participant who is a "specified
employee," as defined in Section 409A of the Internal Revenue Code and the
lawful Treasury Regulations promulgated thereunder.

     (v) "Subsidiary" means an entity in which the Corporation directly or
indirectly beneficially owns 50% or more of the voting equity securities, but
for purposes of this Plan shall not include National Processing, Inc. or any of
its subsidiaries.

     (w) "Termination Date" see Section 4.1

     (x) "Voting Stock" shall mean then outstanding securities of a company
entitled to vote generally in the election of directors.

                                    ARTICLE 3
                    Termination Following a Change in Control

3.1 In the event an Employer terminates the Participant's employment during the
Protection Period, the Participant will be entitled to the severance
compensation provided by Article 4; provided, however, that the Participant
shall not be entitled to the severance compensation provided by Article 4 hereof
only upon the occurrence of one or more of the following events:

     (a) the Participant's death occurring prior to termination of his/her
employment;

                                       5

<PAGE>

     (b) prior to the termination of his/her employment, the Participant becomes
permanently disabled within the meaning of the long-term disability plan in
effect for, or applicable to, the Participant; or

     (c) Cause.

3.2 The Participant may terminate employment with an Employer during the
Protection Period with the right to severance benefits as provided in Article 4
upon the occurrence of one or more of the following events (regardless of
whether any other reason for such termination exists or has occurred, including
without limitation other employment):

     (a) A significant adverse change in the nature or scope of the authority,
powers, functions, responsibilities or duties attached to the position with an
Employer that the Participant held immediately prior to the Effective Date;

     (b) A change in compensation reasonably likely to yield a reduction in the
aggregate of the Participant's Base Salary and incentive pay received from an
Employer;

     (c) A reduction in the Participant's Base Salary;

     (d) The termination, suspension, or denial of the Participant's rights to
Employee Benefits or a material reduction in the aggregate value thereof, which
situation is not remedied within 30 calendar days after written notice to the
Corporation from the Participant;

     (e) A determination by the Participant (which determination will be
conclusive and binding upon the parties hereto provided it has been made in good
faith and in all events will be presumed to have been made in good faith unless
otherwise shown by the Corporation by clear and convincing evidence) that a
change in circumstances has occurred following a Change in Control, including,
without limitation, a change in the scope of the business or other activities
for which the Participant was responsible immediately prior to the Change in
Control, which has rendered the Participant substantially unable to carry out,
has substantially hindered Participant's performance of, or has caused
Participant to suffer a substantial reduction in, any of the authorities,
powers, functions, responsibilities or duties attached to the position held by
the Participant immediately prior to the Effective Date, which situation is not
remedied within 10 calendar days after written notice to the Corporation from
the Participant of such determination;

     (f) The liquidation, dissolution, merger, consolidation or reorganization
of the Employer by which Participant is employed where the surviving entity is
not an affiliate of National City Corporation or transfer of all or
substantially all of its business and/or assets to an entity that is not an
affiliate of National City Corporation; or

                                       6

<PAGE>

     (g) The Employer of the Participant requires the Participant to have his
principal location of work changed, to any location which is in excess of 50
miles from the location thereof immediately prior to the Change in Control, or
requires the Participant to travel away from his office in the course of
discharging his responsibilities or duties hereunder more than the greater of
forty-eight additional days per year or 20% more (in terms of aggregate days in
any calendar year or in any calendar quarter when annualized for purposes of
comparison) than was required of Participant in any of the three full years
immediately prior to the Change in Control without, in either case, his prior
written consent.

3.3 A termination by an Employer pursuant to Section 3.1 or by the Participant
pursuant to Section 3.2 will not affect any rights which the Participant may
have pursuant to any agreement, policy, plan, program or arrangement of the
Employer providing Employee Benefits, which rights shall be governed by the
terms thereof.

                                    ARTICLE 4
                             Severance Compensation

4.1 If an Employer terminates the Participant's employment during the Protection
Period other than pursuant to Section 3.1(a), 3.1(b) or 3.1(c), or if the
Participant terminates his employment pursuant to Section 3.2, the Corporation
will pay to the Participant the following amounts after the date (the
"Termination Date") that the Participant's employment is terminated (the
effective date of which shall be the date of termination) and continue to
provide to the Participant the following benefits:

     (a) semi-monthly payments of an amount equal to the quotient produced by
adding Base Salary and Incentive Pay divided by twenty-four during the
Continuation Period.

     (b) (A) for the Continuation Period, the Corporation will arrange to
provide the Participant welfare benefits that are substantially similar to those
which the Participant was receiving or entitled to receive immediately prior to
the Termination Date, and (B) such Continuation Period will be considered
service with the Corporation, utilizing the amount of Base Salary and Incentive
Pay for the purpose of determining service credits and benefits due and payable
to the Participant under the Corporation's retirement income, supplemental
executive retirement and other benefit plans of the Corporation applicable to
the Participant, his dependents or his beneficiaries immediately prior to the
Implementation Date. If and to the extent that any benefit described in clauses
(A) and (B) of this Section 4.1(b) is not or cannot be paid or provided under
any policy, plan, program or arrangement of an Employer, as the case may be,
then the Corporation will itself pay or provide for the payment to the
Participant, his dependents and beneficiaries, of such benefits. Without
otherwise limiting the purposes or effect of Article 6, welfare benefits
otherwise receivable by the Participant pursuant to the clause (A) of this
Section 4.1(b) may be reduced to the extent comparable welfare benefits are

                                       7

<PAGE>

actually received by the Participant from another employer during the
Continuation Period, and any such benefits received by the Participant shall be
reported by the Participant to the Corporation.

4.2 Notwithstanding anything in Section 4.1 to the contrary, for any Participant
who is a Specified Employee, any severance payment which would have otherwise
been paid to such Participant under Section 4.1 shall be delayed until such a
date which is six (6) months following his termination. The determination of the
Corporation's Specified Employees shall be made as of each December 31st (the
"identification date") and shall be applicable for the 12-month period
commencing April 1st following that identification date. In the event that any
payment or payments under this Plan are delayed as a result of the application
of this Section 4.2, such delayed payments shall be credited with interest at
the rate equal to the yield on the United States Treasury 6-month Treasury Bill
determined as of the Participant's Termination Date.

4.3 There will be no right of set-off or counterclaim in respect of any claim,
debt or obligation against any payment to or benefit for the Participant
provided for in this Plan, except as expressly provided in the last sentence of
Section 4.1(b).

4.4 Without limiting the rights of the Participant at law or in equity, if the
Corporation fails to make any payment or provide any benefit required to be made
or provided under the Plan on a timely basis, the Corporation will pay interest
on the amount or value thereof at an annualized rate of interest equal to the
so-called composite "prime rate" as quoted from time to time during the relevant
period in the Midwest Edition of The Wall Street Journal. Such interest will be
payable as it accrues on demand. Any change in such prime rate will be effective
on and as of the date of such change.

                                    ARTICLE 5
                                Claims Procedures

5.1 If after a Change in Control, the Corporation fails to pay any of the
severance compensation identified in Article 4 of this Plan, a Participant may
make a claim for severance benefits under this Plan by submitting a written
request to the Committee on the form supplied for this purpose.

5.2 The Committee or its designee(s) will review the claim and either approve
the severance compensation identified in Article 4 of this Plan or provide
notice that the claim has been denied. The Committee or its designee(s) will
review each claim within 90 days of the Committee's receipt of such claim. The
Committee or its designee(s) shall notify the Participant in writing of any
claims or portions of claims that have been denied within 30 days of the
Committee's determination. If a notice of denial is not received by a
Participant within the lesser of (a) 120 days of the Committee's receipt of the
claim or

                                       8

<PAGE>

(b) within 30 days of the Committee's or its designee(s)'s making its
determination with respect to the Participant's claim, the claim shall be deemed
to have been approved.

5.3 If a claim or a portion of a claim is denied, the Committee's or its
designee(s)'s notice of denial shall include:

     (a)  reason or reasons for the denial,

     (b)  specific reference to documents, if any, that outline the reason for
          the denial, and

     (c)  an explanation of the claim review process.

5.4 A Participant may appeal the Committee's or its designee(s)'s determination
made pursuant to Section 5.2 above by providing notice of appeal to the
Committee within 60 days of receiving the claim denial notice described in
Section 5.3 of this Plan. This appeal should include all information and
documentation that supports the claim.

5.5 The Committee shall review the appeal within 90 days of its receipt of the
notice of appeal. The Committee shall give notice to the Participant within 30
days of its final review of the appeal of its determination. The notice shall
set forth the results of the appeal and the reasons for such determination.

5.6 It is the intent of the Corporation that the Participants not be required to
incur legal fees and the related expenses associated with the interpretation,
enforcement or defense of Participants' rights under this Plan by litigation or
otherwise because the cost and expense thereof would substantially detract from
the benefits intended to be extended to the Participant(s). Accordingly, if it
should appear to the Participant(s) that the Corporation has failed to comply
with any of its obligations under this Plan or in the event that the Corporation
or any other person takes or threatens to take any action or proceeding designed
to deny, or to recover from, any or all Participants the benefits provided or
intended to be provided to the Participant(s) hereunder, the Participant(s) may
from time to time retain counsel of Participant(s)'s choice. If the
Participant(s) prevails, in whole or part, in connection with any of the
foregoing, the Corporation will pay and be solely financially responsible for
any and all reasonable attorneys' and related fees and expenses incurred by the
Participant(s) in connection with the foregoing

                                    ARTICLE 6
                            No Mitigation Obligation

     The Corporation hereby acknowledges that it may be difficult or impossible
(a) for a Participant to find reasonably comparable employment following the
Termination Date, and (b) to measure the amount of damages which Participant may
suffer as a result of termination of employment. In addition, the Corporation
acknowledges that its severance pay plans applicable in general to its salaried
employees do not provide for mitigation, offset or reduction of any severance
payment received thereunder. Accordingly, the payment of the severance
compensation by the Corporation to the Participant in accordance with the terms
of this Plan is hereby acknowledged by the

                                       9

<PAGE>

Corporation to be reasonable and will be liquidated damages, and the Participant
will not be required to mitigate the amount of any payment provided for in this
Plan by seeking other employment or otherwise, nor will any profits, income,
earnings or other benefits from any source whatsoever create any mitigation,
offset, reduction or any other obligation on the part of the Participant
hereunder or otherwise, except as expressly provided in the last sentence of
Section 4.1(b).

                                    ARTICLE 7
                                Employment Rights

     Nothing expressed or implied in this Plan will create any right or duty on
the part of the Corporation or the Participant to have the Participant remain in
the employment of the Corporation or any Subsidiary prior to or following any
Change in Control.

                                       10

<PAGE>

                                    ARTICLE 8
                              Withholding of Taxes

     The Corporation may withhold from any amounts payable under this Plan all
federal, state, city or other taxes as the Corporation is required to withhold
pursuant to any law or government regulation or ruling.

                                    ARTICLE 9
                           Successors and Binding Plan

     This Plan shall be binding upon and inure to the benefit of the
Corporation, its successors and assigns and each Participant and his or her
beneficiaries, heirs, executors, administrators and legal representatives. The
Corporation will require any successor (whether direct or indirect, by purchase,
merger, consolidation, reorganization or otherwise) to all or substantially all
of the business or assets of the Corporation to assume and agree to perform
under this Plan in the same manner and to the same extent the Corporation would
be required to perform if no such succession had taken place. This Plan will be
binding upon the Corporation and any successor to the Corporation, including
without limitation any persons acquiring directly or indirectly all or
substantially all of the business or assets of the Corporation whether by
purchase, merger, consolidation, reorganization or otherwise (and such successor
shall thereafter be deemed the "Corporation" for the purposes of this Plan), but
will not otherwise be assignable, transferable or delegable by the Corporation.

                                   ARTICLE 10
                           Restrictions on Assignment

     The interest of a Participant or his or her beneficiary may not be sold,
transferred, assigned, or encumbered in any manner, either voluntarily or
involuntarily, and any attempt to so anticipate, alienate, sell, transfer,
assign, pledge, encumber, or charge the same shall be null and void; neither
shall the benefits hereunder be liable for or subject to the debts, contracts,
liabilities, engagements, or torts of any person to whom such benefits or funds
are payable, nor shall they be subject to garnishment, attachment, or other
legal or equitable process nor shall they be an asset in bankruptcy.

                                   ARTICLE 11
                                     Notices

     For all purposes of this Plan, all communications, including without
limitation notices, consents, requests or approvals, required or permitted to be
given hereunder will be in writing and will be deemed to have been duly given
when hand delivered or dispatched by electronic facsimile transmission (with
receipt thereof orally confirmed), or

                                       11

<PAGE>

five business days after having been mailed by United States registered or
certified mail, return receipt requested, postage prepaid, or three business
days after having been sent by a nationally recognized overnight courier service
such as Federal Express, UPS, or Purolator, addressed to the Corporation (to the
attention of the Secretary of the Corporation) at its principal Participant
office and to the Participant at his principal residence, or to such other
address as any party may have furnished to the other in writing and in
accordance herewith, except that notices of changes of address shall be
effective only upon receipt.

                                   ARTICLE 12
                                  Governing Law

     The validity, interpretation, construction and performance of this Plan
will be governed by and construed in accordance with the substantive laws of the
State of Delaware, without giving effect to the principles of conflict of laws
of such State.

                                   ARTICLE 13
                                    Validity

     If any provision of this Plan or the application of any provision hereof to
any person or circumstances is held invalid, unenforceable or otherwise illegal,
the remainder of this Plan and the application of such provision to any other
person or circumstances will not be affected, and the provision so held to be
invalid, unenforceable or otherwise illegal will be reformed to the extent (and
only to the extent) necessary to make it enforceable, valid or legal.

                                   ARTICLE 14
                                 Administration

     Except as herein provided, this Plan shall be administered by the
Committee. The Committee shall have full power and authority to interpret,
construe and administer this Plan and its interpretations and construction
hereof, and actions hereunder, including the timing, form, amount or recipient
of any payment to be made hereunder, shall be binding and conclusive on all
persons for all purposes.

     The Committee may name assistants who may be, but need not be, members of
the Committee. Such assistants shall serve at the pleasure of the Committee, and
shall perform such functions as are provided for herein and such other functions
and/or responsibilities as be assigned or delegated from time to time by the
Committee.

                                       12

<PAGE>

     No member of the Committee or any assistant shall be liable to any person
for any action taken or omitted in connection with the interpretation and
administration of this Plan unless attributable to his or her own willful
misconduct or lack of good faith.

                                   ARTICLE 15
                          Amendment and Discontinuance

     The Corporation expects to continue this Plan indefinitely, but reserves
the right, by action of the Committee, to amend it from time to time, or to
discontinue it if such a change is deemed necessary or desirable. This Plan
shall not, however, be amended, modified or discontinued after the Effective
Date until the later of the end of the Protection Period or such time as all
claims payable hereunder have been fully discharged.

     Executed as of this __ day of ______________ , 2006 at Cleveland, Ohio but
effective as of January 1, 2005.

                                        NATIONAL CITY CORPORATION

                                        By:
                                            ------------------------------------

                                       13

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