Document:

<PAGE>
                                                                   Exhibit 10.33

                            NATIONAL CITY CORPORATION
                   LONG-TERM DEFERRED SHARE COMPENSATION PLAN
                            EFFECTIVE APRIL 22, 2002

                  ARTICLE 1. ESTABLISHMENT AND PURPOSE OF PLAN

         1.1 ESTABLISHMENT OF THE PLAN. The following are the provisions of the
National City Corporation Long-Term Deferred Share Compensation Plan (herein
referred to as the "Plan"), effective as of April 22, 2002.

         The Plan shall be effective for all purposes with respect to Plan Years
commencing on or after April 22, 2002, and with respect to all determinations to
be made on or after such date (including but not limited to determinations of
eligibility to participate, amounts of Awards, and entitlement to Awards).

         1.2 PURPOSE. The purpose of the Plan is to maximize the returns to
stockholders, to promote the long-term profitability and success of the
Corporation, to help build loyalty to the Corporation by providing incentives to
those key employees of the Corporation who are primarily responsible for such
profitability and success, to provide for the deferral of such incentives and to
provide an additional investment option for the National City Corporation
Deferred Compensation Plan and/or its successor plans.

         1.3 OPERATION OF THE PLAN. The Plan shall be administered by the
Compensation and Organization Committee of the Board of Directors of the
Corporation. The Plan shall serve as a non-qualified plan providing for deferred
compensation as provided hereunder.

                             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)      "Award" means a grant to a Participant of a specific number of
                  shares of Common Stock of the Corporation, the terms of which
                  grant shall be described in an Award Agreement.

         (b)      "Award Agreement" means the written agreement between the
                  Participant and National City Corporation relating to the
                  Award of Deferred Shares to each Participant as described in
                  Section 4.4.

         (c)      "Board" means the Board of Directors of the Corporation.

                                      -15-
<PAGE>

         (d)      "Change in Control" see Article 10.

         (e)      "Chief Executive Officer" means the chief executive officer of
                  the Corporation.

         (f)      "Committee" means the Compensation and Organization Committee
                  of the Board, or its successor.

         (g)      "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.

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

         (i)      "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.

         (j)      "Enrollment Period" means the period in each calendar year
                  designated by the Plan Administrator during which Participants
                  may submit a request to receive a Scheduled Distribution or
                  Unscheduled Distribution from the vested portion of their
                  Account.

         (k)      "Deferred Share Award Committee" shall have the meaning set
                  forth in Section 4.2.

         (l)      "Deferred Share Compensation Account" or "Account" means the
                  account described in Section 8.2

         (m)      "Disability" means the inability, by reason of a medically
                  determinable physical or mental impairment, to engage in
                  substantial and gainful activity for a continuous period of 26
                  weeks or more as determined by the Committee.

         (n)      "Effective Date" see Section 10.3.

         (o)      "Eligible Employee" means an Employee who is employed in a
                  position meeting the defined eligibility criteria for
                  participation in the Plan, as set forth in Article 3.

         (p)      "Employee" means an individual employed by an Employer on a
                  regular active and full-time salaried basis.

         (q)      "Employer" means the Corporation or any corporation,
                  organization or entity controlled by the Corporation.

                                      -2-
<PAGE>

         (r)      "Exchange Act" means the Securities Exchange Act of 1934, as
                  amended.

         (s)      "Executive Officer(s)" means the Chief Executive Officer; the
                  President and deputy chairmen of the Corporation; the
                  executive vice-presidents of the Corporation; and such other
                  officers as may be designated by the Committee.

         (t)      "Forfeiture Event" means any event described in Article 9 or
                  any Termination Date that occurs at a time when a Participant
                  has shares allocated to a non-vested sub-account.

         (u)      "Implementation Date" see Section 10.4.

         (v)      "Normal Retirement" means leaving the employ of all Employers
                  on the Termination Date at or after age 62 with at least 20
                  years of continuous service with the Employers or at or after
                  age 65 with a least 5 years of continuous service with the
                  Employers.

         (w)      "Participant" means an Eligible Employee who is approved by
                  the Committee for participation in the Plan.

         (x)      "Payment Date" means anytime during February of the Plan Year
                  following the Termination Date.

         (y)      "Plan" see Section 1.1.

         (z)      "Plan Administrator" see Section 6.2.

         (aa)     "Plan Year" means the calendar year. The first Plan Year is
                  2002.

         (bb)     "Retirement Eligible Employee" means those Employees being
                  either (i) age 55 with 10 years of service or (ii) age 65 with
                  5 years of service on their Termination Date.

         (cc)     "Subsidiaries " means those entities in which the Corporation
                  directly or indirectly owns 50% or more of the voting equity
                  securities.

         (dd)     "Termination Date" means the later of (i) individual's last
                  day worked, or (ii) the last day an individual receives a
                  payment from an Employer either for services rendered or as
                  salary continuation.

         (ee)     "Trust Agreement" means the agreement with __________________
                  Trust Department dated ___/___/___ or such other agreement
                  authorized by the Plan Administrator pertaining to the
                  National City Corporation Long-Term Deferred Share
                  Compensation Plan.

                                      -3-
<PAGE>

         (ff)     "Trustee" means the ________________ Trust Department, or such
                  other provider of trust services enumerated under a Trust
                  Agreement pertaining to the National City Corporation
                  Long-Term Deferred Share Compensation Plan.

         (gg)     "Vesting Event" means the earliest to occur of the following
                  events:
                  (1)      the date an Award vests according to the schedule
                           established in the Award Agreement,
                  (2)      the Effective Date of a Change in Control,
                  (3)      the date a Participant incurs a Disability,
                  (4)      the date of a Participant's death.

                  Upon a Vesting Event described in (1) above, the Participant
                  shall become vested in the number of shares as provided in the
                  applicable Award Agreement unless earlier vested by other
                  Vesting Events. Upon a Vesting Event described in (2), (3), or
                  (4) above, the Participant shall become 100% vested in all
                  undistributed Awards. Notwithstanding the foregoing, a
                  Participant's Awards, whether vested or not, shall be subject
                  to the forfeiture provisions of Article 9.

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

         2.2 GENDER AND NUMBER. Except when otherwise indicated by the context,
any masculine terminology used herein also shall include the feminine, and the
definition of any term in the singular shall include the plural.

                    ARTICLE 3. ELIGIBILITY AND PARTICIPATION

         3.1 ELIGIBILITY. Eligibility for participation in the Plan will be
limited to key personnel and highly compensated employees of the Corporation and
its Subsidiaries, as determined by the Committee.

         3.2 PARTICIPATION. Participation in the Plan shall be determined by the
Committee with respect to each Award. The Committee may base its approval upon
the recommendation of the Chief Executive Officer of the Corporation.

         Each Eligible Employee approved for participation shall be notified of
the selection as soon after approval as is practicable and shall become a
Participant upon acceptance by him or her of the Award Agreement.

         3.3 NO RIGHT TO PARTICIPATE. No Participant or Employee shall have a
right at any time to be selected for future Awards under the Plan.

                                      -4-
<PAGE>

                         ARTICLE 4. AWARD DETERMINATION

              4.1 AWARD DETERMINATION AND APPROVAL. The amount awarded to a
Participant under this Plan shall be determined by the Committee and shall
consist of a fixed number of shares of Common Stock, determined as a target
dollar value divided by the fair market value (closing) of Common Stock on the
grant date. Awards shall be made periodically, as determined by the Committee.
The Committee shall determine the amount of any Award for the Executive
Officers. The Chief Executive Officer shall recommend the Award for other
Eligible Employees which shall be deemed approved by the Committee upon (1) the
completion by the Chief Executive Officer of a list of each individual's Award,
and (2) the Committee's approval of the aggregate dollar amount of such
individual Awards.

              Each Award shall be evidenced by a separate Award Agreement, in a
form determined by the Plan Administrator, which is delivered to the Participant
describing the Committee's discretionary grant of shares.

         4.2 DEFERRED SHARE AWARD COMMITTEE. If the Board establishes a Deferred
Share Award Committee of one or more directors for the purpose of granting
Awards to Eligible Persons (the "Deferred Share Award Committee"), the Board may
from time to time authorize the Deferred Share Award Committee to grant to
Eligible Employees who are not Executive Officers up to a specified number of
Deferred Shares with terms upon which the Plan Restrictions on any such Deferred
Share shall lapse and such other conditions as the Deferred Share Award
Committee may deem appropriate from time to time. Each Grant of Deferred Shares
by the Deferred Share Award Committee may utilize any or all of the remaining
shares of Deferred Shares authorized by the Board. Not all grants of Awards need
to be on the same terms and conditions even though granted at the same time, and
the terms of Award Agreements may vary from time to time and from Participant to
Participant, depending upon the purpose of the Award; provided, however, all
Awards shall be subject of the provisions of Section 4.3 hereof.

         4.3 LIMITATION. Notwithstanding any provision in this Plan to the
contrary, no Participant's total aggregate Awards under the Plan, in any five
(5) year period, shall exceed 1,000,000 shares of Common Stock.

         4.4 AWARD AGREEMENT. Each Participant granted an Award of Deferred
Shares shall enter into an Award Agreement with National City in a form
specified by the Board, agreeing to the terms and conditions of the Award and
such other matters as the Board shall in its sole discretion determine,
including any additional conditions of forfeiture. The execution and delivery of
the Award Agreement by the grantee of the Award shall be a condition precedent
to the establishment of a Deferred Share Compensation Account in the name of the
grantee of the Deferred Shares. A failure to execute and deliver the Award
Agreement within sixty (60) days after the grant of an Award may terminate the
Award upon the determination of the Board. The Award Agreement may, but need
not, allow the Plan Restrictions to lapse serially or in total over any period
of time as selected by the Board or Deferred Share Award Committee. If any
Participant forfeits any shares of Deferred Share that are subject to any Award,
or any such award otherwise terminates with respect to any of the Deferred
Shares thereunder without the Plan

                                      -5-
<PAGE>

Restrictions being terminated, the Participant shall have no further interest in
such Deferred Shares, if any.

                        ARTICLE 5. RIGHTS OF PARTICIPANTS

         5.1 EMPLOYMENT. Nothing in this Plan shall interfere with or limit in
any way the right of the Corporation to terminate a Participant's employment at
any time, nor confer upon any Participant any right to continue in the employ of
the Corporation.

         5.2 RESTRICTIONS ON ASSIGNMENTS. The interest of a Participant or his
or her beneficiary under this Plan 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. Notwithstanding the preceding sentence, the
Corporation shall have the right to offset from a Participant's undistributed
Account any amounts due and owing the Corporation on the payment date.

                ARTICLE 6. ADMINISTRATION AND PLAN ADMINISTRATOR

         6.1 ADMINISTRATION. The Plan shall be administered by the Committee in
accordance with any administrative guidelines and any rules that it may
establish or authorize from time to time. The procedures, standards and
provisions of this Plan for determining eligibility for and amounts of Awards in
themselves confer no rights, duties or privileges upon Participants nor place
obligations upon either the Board or the Corporation. Accordingly, the Committee
may, in making such determinations hereunder, deviate from such procedures and
standards in whatever manner that it, in its judgment, deems appropriate.

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

         6.2 PLAN ADMINISTRATOR. The Committee shall name as Plan Administrator
a committee comprised of the Corporate Human Resources Director and the Manager
of Corporate Compensation or equivalent positions (hereafter referred to
collectively as the "Plan Administrator"). Such Plan Administrator shall serve
at the pleasure of the Committee, and shall perform such functions as are
provided for herein and such other functions as may be assigned by the
Committee.

         6.3   POWERS AND DUTIES OF PLAN ADMINISTRATOR.

         (a)   The Plan Administrator shall have discretionary authority to
               interpret the terms of the Plan. The Plan Administrator shall
               have such other discretionary authority as may be

                                      -6-
<PAGE>

               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 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.
               (4)    To adopt such rules as it deems appropriate for the
                      administration of the Plan.
               (5)    To establish procedures to be followed by Participants.
               (6)    To prepare and distribute information relating to the
                      Plan.
               (7)    To request from Employers and Participants such
                      information as shall be necessary for proper
                      administration of the Plan.

         (b)    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.

         No member of the Committee or any Plan Administrator 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.

         6.4 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.

                         ARTICLE 7. REQUIREMENTS OF LAW

         7.1 GOVERNING LAW. This Plan shall be construed in accordance with and
governed by the laws of the State of Ohio.

         7.2 WITHHOLDING FOR TAXES; FICA. The Corporation shall have the right
to deduct from all share distributions under this Plan any federal, state, local
or foreign taxes required by the law to be withheld with respect to such
payments. Participants will be required to satisfy F.I.C.A tax withholding
requirements when due through cash payments or alternate source withholding in a
manner acceptable to the Plan Administrator.

         7.3 PLAN BINDING ON CORPORATION, EMPLOYEES AND THEIR SUCCESSORS. 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.

                                      -7-
<PAGE>

                 ARTICLE 8. DEFERRED SHARE COMPENSATION ACCOUNT,
                              AWARDS, AND PAYMENTS

         8.1 CONTRIBUTIONS. The Corporation shall transfer to the Trustee cash
and/or a number of shares of Common Stock equal to the aggregate Awards made
pursuant to this Plan on the grant date. Such transfer shall be made within
thirty days after the grant date.

         8.2 DEFERRED SHARE COMPENSATION ACCOUNT. An unfunded bookkeeping
account known as the Deferred Share Compensation Account shall be established
for each Participant. Each Participant's Account shall be credited with the
number of shares equal to the Awards granted under the Plan. All accounts shall
remain a part of the general liabilities of the Corporation and nothing in this
Plan shall be deemed to create a trust or fund of any kind or any fiduciary
relationship. Each account shall be comprised of sub-accounts for vested and
non-vested shares.

         8.3 CREDITING OF AWARDS. Effective each grant date, each Participant's
Account shall be credited with the number of the shares Awarded as determined in
section 4.1. Such credit shall be made to the Participant's non-vested
sub-account and shall remain in the non-vested sub-account until such time as a
Vesting event or a Forfeiture Event occurs. Upon a Vesting Event, the number of
shares becoming vested shall be transferred from the non-vested sub-account to
the vested sub-account. Upon a Forfeiture Event, all shares in the non-vested
sub-account shall be forfeited as provided in Section 8.13 or Article 9.

         8.4 CREDITING OF DIVIDEND EQUIVALENTS. A Participant's Award Agreement
may call for dividend equivalents to be credited to a Participant's Account
prior to distribution. In such circumstance, the Corporation shall deliver to
the Trustee either Common Stock or cash in an amount equal to the dividends that
would have been paid on such shares. If cash is delivered, the Trustee shall use
such funds to acquire additional shares of Common Stock on the open market. In
either event, the additional shares shall be allocated to Participant Accounts
using procedures established by the Plan Administrator for such purpose.
Notwithstanding any other provision of the Plan and Award Agreement, no dividend
equivalents may be allocated to shares granted under Awards not providing for
the crediting of dividend equivalents.

         8.5      MANNER OF DISTRIBUTION.

         (a) DISTRIBUTIONS FOLLOWING EMPLOYMENT. The vested portion of a
Participant's Deferred Share Compensation Account shall be distributed either in
a single distribution or in installments over a period of years following the
Participant's Termination Date. This determination shall be made in relation to
the Participant's age and service as well as the aggregate value of the
Participant's Account, according to the following procedures:

         (i)      If the Participant is not a Retirement Eligible Employee, the
                  Account shall be paid to the Participant in a single payment
                  in the manner described in Section 8.6(a)

                                      -8-
<PAGE>

                  without regard to any other form of payment election the
                  Participant may have made.

         (ii)     If the Participant is a Retirement Eligible Employee, the
                  Account shall be paid to the Participant as follows:

                  (1)      If the Participant has made a payment election as
                           described in Section 8.6 that has been in effect for
                           at least twelve months prior to the Termination Date,
                           the Participant's Account shall be paid in accordance
                           with such payment election.

                  (2)      If the Participant does not have a payment election
                           that has been in effect for at least twelve months
                           prior to the Termination Date, the Participant's
                           Account shall be paid in annual installments over a
                           period of ten years in the manner described in
                           Section 8.6 (c).

         (b) DISTRIBUTIONS WHILE EMPLOYED. An Award Agreement may provide that a
Participant may elect to receive a distribution of part or all from the vested
portion of the Deferred Shares granted by such Award Agreement during the period
of his or her employment. If such an election is provided by the Award
Agreement, the election may be either for a Scheduled Distribution, or an
Unscheduled Distribution, each as defined below.

(i)        Scheduled Distribution. During the Enrollment Period when a
         Participant makes his or her distribution request, the Participant may
         specify the amount of the vested Deferred Shares of the Award and a
         future Payment Date when such Deferred Shares will be distributed. To
         be valid, such future Payment Date must not be within 3 years of the
         Plan anniversary to which such distribution request first applied, and
         such future Payment Date must precede the Participant's Termination
         Date. The Plan Administrator may disregard any invalid Scheduled
         Distribution election.

(ii)       Unscheduled Distribution. During the Enrollment Period, a Participant
         may submit a written request to the Plan Administrator for an
         unscheduled distribution of part or all of the vested Deferred Shares
         from an Award. If the Plan Administrator approves such request, the
         Deferred Shares shall be payable upon the Payment Date following such
         approval. The number of Deferred Shares distributed shall be subject to
         a 10% penalty, with the Participant's Award being debited an amount
         equal to 10% of the Unscheduled Distribution amount. Any Participant
         electing an Unscheduled Distribution during an Enrollment Period shall
         be considered ineligible to defer, under the National City Deferred
         Compensation Plan and/or any successor plan(s) or any other plan, any
         compensation into this Plan for the remainder of the Plan Year in which
         the Unscheduled Distribution occurs and for the next following Plan
         Year.

(iii)      Notwithstanding the foregoing, no Covered Executive shall be eligible
         to make an election for either a Scheduled Distribution or Unscheduled
         Distribution, and the Plan

                                      -9-
<PAGE>

         Administrator is hereby empowered to disregard a Scheduled Distribution
         election made by a Participant at a time prior their first becoming a
         Covered Executive.

         8.6 FORM OF PAYMENT ELECTION. For distributions following employment
provided under paragraph 8.5(a) each Participant may submit a payment election
form specifying how the Participant's Deferred Share Account shall be paid.
Subject to the discretion of the Committee, the following optional means of
distribution shall be made available:

         (a)      A single distribution of the vested Account balances made on
                  the Payment Date.

         (b)      Five annual installments commencing on the Payment Date. The
                  remaining four installments shall be made on each succeeding
                  Payment Date. Each distribution shall be equal to (i) the
                  Participant's vested Account balance, multiplied by (ii) a
                  fraction, the numerator of which is one and the denominator is
                  the number of installments remaining, including the current
                  year's payment.

          (c)     Ten annual installments commencing on the Payment Date. The
                  remaining nine installments shall be made on each succeeding
                  Payment Date. Each distribution shall be equal to (i) the
                  Participants vested Account balance multiplied by (ii) a
                  fraction, the numerator of which is one and the denominator is
                  the number of installments remaining, including the current
                  year's payment.

         8.7 VALIDITY OF PAYMENT ELECTION. In order for a Participant's
distribution election under Section 8.6 to be applied, the Participant must have
filed the election with the Plan Administrator no less than twelve months prior
to the Termination Date using forms and procedures established for this purpose
by the Plan Administrator. If the Plan Administrator determines that an election
form is not valid, or if an election has never been made, the Plan Administrator
shall distribute the Participant's Account as provided under Section 8.5.

         8.8 PLAN ADMINISTRATOR'S DISCRETION. Notwithstanding any other
provision of the Plan to the contrary, the Plan Administrator shall have the
discretion to distribute the vested balance of a Participant's Account in a
single distribution on the Payment Date.

         8.9      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 Share Compensation Account in the
                  event of the Participant's death. Any such designation shall
                  be made by filing the form provided for that purpose by the
                  Plan Administrator. 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 no
                  beneficiary has been designated by the Participant, or if no
                  beneficiary is alive at the date of the Participant's death,
                  payment shall be made to the Participant's estate.

                                      -10-
<PAGE>

         (b)      If the Participant's death occurs during Employment, the
                  Participant's Account shall be distributed in a lump sum as
                  provided in 8.5(a) to each of the Participant's surviving
                  beneficiaries in the portions designated by the Participant.

         (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

         8.10 PARTICIPANTS' RIGHTS; BENEFICIARIES RIGHTS. Except as otherwise
specifically provided, neither a Participant nor any of his or her beneficiaries
has rights under this Plan. The payment of deferred compensation shall be a
general, unsecured obligation of the Corporation to be paid by the Corporation
from its own funds, and such payments shall not impose any obligation upon any
trust fund for any tax qualified plan or be paid from any such trust fund. No
Participant or beneficiary shall have any title to or beneficial ownership in
any assets that the Corporation may earmark to pay benefits hereunder.

         8.11 NATURE OF DEFERRED COMPENSATION. The deferred compensation awarded
under this Plan and any setting aside by the Corporation of amounts with which
to discharge its deferred obligations hereunder in a trust fund, an insurance
policy, or otherwise, shall not be deemed to create a right in any person;
equitable title to any funds so set aside in a trust, an insurance policy, or
otherwise shall remain in the Corporation, and any recipient of benefits
hereunder shall have no security or other interest in such trust, policies or
funds. Any and all funds so set aside in a trust, an insurance policy or
otherwise shall remain subject to the claims of the general creditors of the
Corporation, present and future. Any amount so set aside for this Plan shall be
accounted for separately and apart from any other plan of the Corporation. This
Plan is intended to constitute an unfunded plan of deferred compensation
described in Section 201(2) of the Employee Retirement Income Security Act of
1974.

         8.12 DISTRIBUTIONS IN SHARES. Notwithstanding any other provision of
this Plan, distributions hereunder shall be made only in shares of Common Stock
and National City shall be entitled to take appropriate measures to withhold
from the shares of Common Stock or to otherwise obtain from the Participant
sufficient sums for the amount National City deems necessary to satisfy any
applicable federal, state, local and foreign minimum tax withholding obligations
or to make other appropriate arrangements with Participants to satisfy such
obligations. In no event, however, shall National City accept Common Stock for
payment of taxes in excess of the minimum required tax withholding rates.

         8.13 FORFEITURE OF NON-VESTED SHARES. All non-vested shares in a
Participant's Account shall be forfeited upon the Termination Date and the
Corporation shall have no further obligation to pay the Participant in regard to
such shares.

                                      -11-
<PAGE>

                             ARTICLE 9. FORFEITURES

         9.1 FORFEITURE. Notwithstanding any provision in this Plan to the
contrary excepting only the provisions of Article 10, in the event the Committee
finds:

                  (a) that an Employee or former Employee who has an interest
                  under this Plan has been discharged by his or her Employer in
                  the reasonable belief (and such reasonable belief is the
                  reason or one of the reasons for such discharge) that the
                  Employee or former Employee did engage in fraud against the
                  Employer or anyone else, or

                  (b) that an Employee or former Employee who has an interest
                  under this Plan has been convicted of a crime as a result of
                  which it becomes illegal for his Employer to employ him or
                  her,

then any amounts held under this Plan for the benefit of such Employee or former
Employee or his or her beneficiaries, whether or not vested, shall be forfeited
and no longer payable to such Employee or former Employee or to any person
claiming by or through such Employee or former Employee.

         9.2 ERISA DETERMINATION. It is the intention of the parties that this
Agreement shall not be subject to the Employee Retirement Income Security Act of
1974, as amended ("ERISA"). Notwithstanding any other provision of this
Agreement to the contrary, if a final nonappealable determination ahs been made
by a court of competent jurisdiction or an opinion of counsel selected by
corporation has been rendered to the effect that this Agreement is not exempt
from Parts 2,3 And 4 of Title I of ERISA, all of the Common Stock shall be
forfeited.

                          ARTICLE 10. CHANGE IN CONTROL

         10.1 TREATMENT OF AWARDS. In the event of a Change in Control the
Corporation shall distribute Participants' Accounts in shares of Common Stock.
Such payment shall be made within 90 days after the Implementation Date of such
Change in Control and shall be payment in full to each such Participant.

         10.2 DEFINITION OF CHANGE IN CONTROL. Change in Control shall mean the
occurrence of any of the following events:

                  (a) 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 Voting Stock 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;

                  (b) 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

                                      -12-
<PAGE>

sixty-five percent of the combined voting power of the then-outstanding
securities of such corporation or person immediately after such sale or transfer
is held in the aggregate by the holders of Voting Stock immediately prior to
such sale or transfer;

                  (c) 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

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

         Notwithstanding the foregoing provisions of paragraph 10.2(a), 10.2(b)
or 10.2(c), in the case where the individuals who constitute the Directors of
the Corporation at the time a specific transaction described in Paragraph
10.2(a), 10.2(b) or 10.2(c) is first presented or disclosed to the Board will,
by the terms of the definitive agreement for that transaction, constitute at
least a majority of the members of the board of directors of the resulting
corporation or person immediately following such transaction, then, prior to the
occurrence of any event that would otherwise constitute a Change in Control
under any of the foregoing provisions of this Subsection 10.2, the Board may
determine by majority vote of the Board that the specific transaction does not
constitute a Change in Control under Paragraph 10.2(a), 10.2(b) or 10.2(c)

         10.3 EFFECTIVE DATE OF CHANGE IN CONTROL. Notwithstanding the
foregoing, 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; otherwise, such Effective Date or Change
in Control shall be the Implementation Date of such Change in Control.

         10.4 IMPLEMENTATION DATE OF CHANGE IN CONTROL. The "Implementation
Date" shall be the earliest to occur of the events specified in subsection (a),
(b), (c) or (d) of Section 10.2.

                         ARTICLE 11. CLAIMS FOR BENEFITS

         11.1     CLAIMS PROCEDURE.

                  (a)      CLAIMS MUST BE FILED. A 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.

                                      -13-
<PAGE>

                  (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 Participant to perfect the
                                    claim.
                           (4)      An explanation of why such material is
                                    necessary.
                           (5)      An explanation of the Plan's appeal and
                                    review procedure.

         11.2     APPEAL AND REVIEW PROCEDURE.

                  (a)      APPEAL TO COMMITTEE. 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 the Com-mittee 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 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 Committee may
                           require the claimant to submit (at the claimant's
                           expense) such additional facts, documents or other
                           material, as the Committee deems necessary or
                           advisable in making its review.

                                      -14-
<PAGE>

                  (c)      REVIEW OF APPEAL. The 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 Committee receives the
                           request for review.

                  (d)      DENIED APPEALS. In the event the 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.

         11.3 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 11. 1.
                  (b)      The claimant has been notified that the claim has
                           been denied.
                  (c)      The claimant has filed a written request appealing
                           the denial in accordance with Section 11.2.
                  (d)      The claimant has been notified in writing that the
                           Committee has denied the claimant appeal or has
                           failed to take any action on the appeal within the
                           time prescribed by Section 11.2.

                  ARTICLE 12.  DEFERRED SHARE COMPENSATION PLAN TRUST

         12.1 TRUST ACCOUNT(S). Pursuant to the Trust Agreement, the Trustee
shall hold shares of Common Stock issued by the Corporation for deposit into the
Deferred Share Compensation Account. The Accounts held with the Trustee shall be
considered for all purposes of the Plan a part of the Deferred Share
Compensation Account as provided under Section 8.2.

         12.2 PROVISION BY THE CORPORATION. The Corporation shall provide a
certificate setting forth the number of shares of Common Stock to the Trustee
for the aggregate Participant Awards made from time to time. Notwithstanding the
provisions of this Article 12, it is the intention of the Corporation that the
Plan be unfunded for tax purposes and for purposes of Title I of the Employee
Retirement Income Security Act of 1974, as amended.

        12.3 RELEASE OF SHARES. The Trustee shall release shares of Common Stock
  directly to the Participant according to written instructions provided by the
  Plan Administrator. The Plan Administrator shall provide such instructions
  based upon Article 8 hereunder. The Trustee shall release and return forfeited
  shares to the Corporation.

                                      -15-
<PAGE>

         12.4 WITHHOLDING. The Plan Administrator may instruct the Trustee to
withhold a number of shares equal to the amount of withholding required under
the applicable tax laws, as specified in sections 7.2 and 8.12. The Trustee may
only withhold shares for taxes as appropriate, but not for F.I.C.A. taxes due
for the Participant.

         12.5 SHARES OF COMMON STOCK AVAILABLE UNDER PLAN. Subject to
adjustments as provided in Section 12.6 below, the maximum number of shares of
Common Stock that may be credited and issued to Participants under this Plan
shall be 2,000,000. For purposes of determining the number of shares that may be
credited under the Plan, such number shall increase by the number of shares
surrendered by a Participant or relinquished to the Corporation in payment of
applicable federal, state, and local income tax withholding.

         12.6 ADJUSTMENTS. The Board may make or provide for such adjustments in
the maximum numbers of shares of Common Stock specified in Section 12.5 of this
Plan, as the Board, in its sole discretion, exercised in good faith, may
determine is equitably required to prevent dilution or enlargement of the rights
of Participants that otherwise would result from any stock dividend, stock split
combination of shares, recapitalization or other change in the capital structure
of the Corporation, merger, consolidation, spin-off, reorganization, partial or
complete liquidation, issuance of rights or warrants to purchase securities,, or
other corporate transaction or event having an effect similar to any of the
foregoing.

         12.7 FRACTIONAL SHARES. The Corporation shall not be required to
distribute fractional shares of Common Stock pursuant to this Plan. The Plan
Administrator may establish procedures whereby a Participant's fractional share
interests are maintained up and until the last and final Payment Date, whereupon
the Participant's remaining fraction shares, if any, are eliminated.

                            ARTICLE 13. MISCELLANEOUS

         13.1 LIQUIDATION. In the event of the liquidation of the Corporation
the Committee may make any provisions for holding, handling and distributing the
amounts standing to the credit of the Participants or beneficiaries hereunder
which in the discretion of the Committee are appropriate and equitable under all
circumstances and which are consistent with the spirit and purposes of these
provisions .

         13.2 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.

         13.3 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.

         13.4 SEVERABILITY 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.

                                      -16-
<PAGE>

                    ARTICLE 14. AMENDMENT AND DISCONTINUANCE

         The Corporation expects to continue this Plan indefinitely, but
reserves the right, by action of the Board, to amend it from time to time or to
discontinue it. However, if the Corporation should amend or discontinue this
Plan, the Corporation shall remain obligated under the Plan with respect to (1)
Awards made final (and thus payable) by decision by the Committee prior to the
date of such amendment or discontinuance, (2) Awards and rights of any
Participant or beneficiary with respect to whom a Vesting Event has occurred,
and (3) with respect to Awards made prior to the date of such amendment or
discontinuation.

          Executed as of this      day of      , 2002 at Cleveland, Ohio.
                              ----        -----
                        NATIONAL CITY CORPORATION

                        By:
                           --------------------------------------
                            Shelley J. Seifert
                            Executive Vice President
                            Human Resources

                                      -17-<PAGE>
                                                                   Exhibit 10.34

                          THE NATIONAL CITY CORPORATION
                           DEFERRED COMPENSATION PLAN
                (As Amended and Restated Effective July 23, 2002)

                                TABLE OF CONTENTS

ARTICLE I         NAME AND PURPOSE
----------------------------------

     1.1 Name
     1.2 Purpose

ARTICLE II        DEFINITIONS

     2.1 Board
     2.2 Cash Sub-Account
     2.3 Committee
     2.4 Common Stock
     2.5 Compensation
     2.6 Corporation
     2.7 Covered Executive
     2.8 Crediting Date
     2.9 Deferred Share Sub-Account
     2.10 Directors
     2.11 Deferred Compensation Account or Account
     2.12 Effective Date
     2.13 Eligible Employee
     2.14 Employee
     2.15 Employer
     2.16 Employment
     2.17 Enrollment Period
     2.18 Evaluation Date
     2.19 Incentive Award
     2.20 Incentive Plan
     2.21 Internal Revenue Code
     2.22 Investment Option
     2.23 Other Plan
     2.24 Other Plan Transfer Date
     2.25 Participant
     2.26 Payment Date
     2.27 Plan or Deferred Compensation Plan
     2.28 Plan Administrator
     2.29 Plan Year
     2.30 Retirement Eligible Employee
     2.31 Salary
     2.32 Subsidiaries
     2.33 Termination Date

ARTICLE III       ELECTION TO DEFER COMPENSATION
------------------------------------------------

     3.1 Deferral Election
     3.2 Amount of Compensation Which May be Deferred
     3.3 Deferral of Compensation
     3.4 Withholding
     3.5 Vesting

<PAGE>

                          THE NATIONAL CITY CORPORATION
                           DEFERRED COMPENSATION PLAN
                (As Amended and Restated Effective July 23, 2002)

ARTICLE IV        DEFERRED COMPENSATION ACCOUNT AND CREDITS THERETO
-------------------------------------------------------------------

     4.1 Deferred Compensation Account
     4.2 Cash Sub-Account
     4.3 Deferred Share Sub-Account
     4.4 Allocation of Other Plan Account Balances on the Other Plan Transfer
         Date
     4.5 Allocation of New Deferrals and Transfers of Accumulated Amounts
     4.6 Payments Deducted on a Pro Rata Basis 4.7 Change in Investment Option

ARTICLE V         PAYMENT OF DEFERRED COMPENSATION ACCOUNT
----------------------------------------------------------

     5.1 Form of Payment
     5.2 Manner of Distribution
     5.3 Form of Payment Election
     5.4 Plan Administrator's Discretion
     5.5 Payments Upon Death of Participant
     5.6 Withholding Taxes

ARTICLE VI        ADMINISTRATION
--------------------------------

     6.1 Powers and Duties of Plan Administrator
     6.2 Reliance Upon Information

ARTICLE VII       CLAIMS FOR BENEFITS
-------------------------------------

     7.1 Claims Procedure
     7.2 Appeal and Review Procedure
     7.3 Exhaustion of Remedies

ARTICLE VIII      GENERAL PROVISIONS
------------------------------------

     8.1 Source of Payments
     8.2 Prohibition on Alienation
     8.3 Not a Contract of Employment
     8.4 Headings Not to Control
     8.5 Separability of Plan Provisions
     8.6 Applicable Law
     8.7 Entire Plan

ARTICLE IX        AMENDMENT AND TERMINATION
-------------------------------------------

     9.1 Amendment and Termination

<PAGE>

                           ARTICLE I NAME AND PURPOSE

1.1 NAME. This Plan shall be known as the National City Corporation Deferred
Compensation Plan (As Amended and Restated Effective June __, 2002) (the
"Deferred Compensation Plan" or "Plan"). The Plan originally became effective on
January 1, 2001.

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 or as an Incentive Award, as
such terms are defined in Article II, and to credit the deferred compensation
with gains or losses based upon investment options made available from time to
time by the Plan Administrator.

                                       3
<PAGE>

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

2.2 "CASH SUB-ACCOUNT" means the sub-account described in Section 4.2.

2.3 "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.

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

2.5 "COMPENSATION" means Salary and Incentive Award(s), including commissions as
applicable, as may be determined by the Plan Administrator from time to time.

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

2.7 "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.

2.8 "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.

2.9 "DEFERRED SHARE SUB-ACCOUNT" means the sub-account described in Section 4.3.

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

2.11 "DEFERRED COMPENSATION ACCOUNT" or "ACCOUNT" means the account described in
Section 4.1.

2.12 "EFFECTIVE DATE" means the date when the Plan will first recognize a
Participant's election to defer Compensation. This date shall be established by
the Plan Administrator, and may vary by employee group, as determined in the
discretion of the Plan Administrator.

2.13 "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.

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

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

2.16 "EMPLOYMENT" means employment with an Employer.

2.17 "ENROLLMENT PERIOD" means the period in each calendar year designated by
the Plan Administrator during which Eligible Employees make elections to defer
Compensation earned during the following Plan Year.

                                       4
<PAGE>

2.18 "EVALUATION DATE" means the last day of the Plan Year.

2.19 " 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.

2.20 " 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, (iii) National City Mortgage
Company Short-Term Incentive Compensation Plan for Senior Officers, and (iv) 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.

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

2.22 "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.

2.23 "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.

2.24 "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.

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

2.26 "PAYMENT DATE" means any day within thirty (30) days following an
Evaluation Date a Participant receives a distribution.

2.27 "PLAN" or "DEFERRED COMPENSATION PLAN" means The National City Corporation
Deferred Compensation Plan (As Amended and Restated Effective June __, 2002) as
set forth in this document and as amended from time to time.

2.28 "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.

2.29 "PLAN YEAR" means the calendar year. The first Plan Year is 2001.

2.30 "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.

2.31 "SALARY" means the base salary of an Employee, exclusive of any bonuses,
incentives, special awards, or equity compensation. Subject to the discretion of
the Plan Administrator, salary may be considered to include commissions paid
during a year.

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

2.33 "TERMINATION DATE" means the later of (i) the individual's last day worked
or (ii) the last day an individual receives a Salary payment either for services
rendered or as salary continuation.

                                       5
<PAGE>

                   ARTICLE III ELECTION TO DEFER COMPENSATION

3.1 DEFERRAL ELECTION.

     (a) Each Eligible Employee who desires to defer Compensation otherwise
         payable for a Plan Year may 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) Notwithstanding the foregoing, 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 Employment commences and applies
         only to Compensation earned after the date such form is received by the
         Plan Administrator.

3.2 AMOUNT OF COMPENSATION WHICH MAY BE DEFERRED. Each Eligible Employee may
defer, at the Plan Administrator's discretion, a portion of Salary and/or
Incentive Award otherwise payable for the Plan Year immediately following the
Enrollment Period. From time to time the Plan Administrator shall establish
maximum deferral percentages for Salary and Incentive Award deferrals.

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 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. The deferred Compensation
shall be credited to the Participant's Deferred Compensation Account as
described in Article IV.

3.4 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 a deferral is
allocated to a Participant's Account. These procedures may call for such
withholding to be satisfied either (i) by reducing a Participant's deferral
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.

3.5 VESTING. All amounts deferred under the Plan, and any earnings thereon,
shall be fully vested at all times.

                                       6
<PAGE>

          ARTICLE IV DEFERRED COMPENSATION ACCOUNT AND CREDITS THERETO

4.1 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, and (ii) all
amounts deferred under Article III 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."

4.2 CASH SUB-ACCOUNT. Any Compensation (or portion of any Compensation) 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. The amounts credited to a Participant's Cash
Sub-Account, as reduced for amounts distributed under Article V, shall be
adjusted each Crediting Date to reflect gain or loss from the Investment
Options.

4.3 DEFERRED SHARE SUB-ACCOUNT. Any Compensation (or portion of any
Compensation) 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. 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.

4.4 ALLOCATION OF 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 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.

4.5 ALLOCATION OF NEW DEFERRALS AND TRANSFERS OF ACCUMULATED AMOUNTS.

     (a)  During the Enrollment Period, the Participant shall elect (i) how
          deferrals during the applicable Plan Year are to be allocated between
          the Cash Sub-Account and the Deferred Share Sub-Account and (ii) how
          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)  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.

4.6 PAYMENTS DEDUCTED ON A PRO-RATA BASIS. Lump sums, installments, or any other
distributions from the Deferred Compensation Account shall be deducted from the
balance in the Deferred Share Sub-Account and each

                                       7
<PAGE>

Investment Option on a pro rata basis in proportion to the balance in each
option using procedures established by the Plan Administrator for such purpose.

4.7 CHANGE IN 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.

                                       8
<PAGE>

               ARTICLE V PAYMENT OF DEFERRED COMPENSATION ACCOUNT

5.1 FORM 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.

5.2 MANNER OF DISTRIBUTION. A Participant's Deferred Compensation Account shall
be distributed according to the procedures set forth below.

(a)  Distributions while employed. A Participant may elect to receive a
     distribution from their Account during their period of employment. Such
     election may either be for a Scheduled Distribution or an Unscheduled
     Distribution, each as defined below.

       (i)    Scheduled Distribution. During the Enrollment Period when a
              Participant makes their deferral election, the Participant may
              specify a future Payment Date when the amount deferred or portion
              thereof will be distributed. To be valid, such future Payment Date
              must not be within 3 years of the Plan anniversary to which such
              election first applied, and such future Payment Date must precede
              the Participant's Termination Date. The amount distributed shall
              be allocated against the Account as provided under Section 4.6.
              The Plan Administrator may disregard any invalid Scheduled
              Distribution election.

       (ii)   Unscheduled Distribution. During the Enrollment Period, a
              Participant may submit a written request to the Plan Administrator
              for an unscheduled distribution from their Account. If the Plan
              Administrator approves such request, the amount shall be payable
              upon the Payment Date following such approval. The amount
              distributed shall be subject to a 10% penalty, with the
              Participant's Account being debited an amount equal to 10% of the
              Unscheduled Distribution amount. The withdrawn amounts and the
              Unscheduled Distribution penalty shall be allocated against the
              Account as provided under Section 4.6. Any Participant electing an
              Unscheduled Distribution during an Enrollment Period shall be
              considered ineligible to defer any Compensation under the Plan for
              the remainder of the Plan Year in which the Unscheduled
              Distribution occurs and for the next following Plan Year.

       (iii)  Notwithstanding the foregoing, no Covered Executive shall be
              eligible to make an election for either a Scheduled Distribution
              or Unscheduled Distribution, and the Plan Administrator is hereby
              empowered to disregard a Scheduled Distribution election made by a
              Participant at a time prior their first becoming a Covered
              Executive.

(b)  Distributions following employment. A Participant may receive either a
     Termination Distribution or a Retiree Distribution following their period
     of employment, each as defined below.

       (i)    Termination Distribution. A Participant who is not a Retirement
              Eligible Employee shall have their Account balance valued as of
              the Evaluation Date first following their Termination Date. Such
              balance shall be distributed in a lump sum on the Payment Date
              first following such Evaluation Date.

       (ii)   Retiree Distribution. A Participant who is a Retirement Eligible
              Employee shall have their Account paid according to the following
              procedures:

              1)     Notwithstanding sections 2) and 3) below, if the
                     Participant's Account, determined as of the first
                     Evaluation Date following their Termination Date, is equal
                     to or less than an amount established by the Plan
                     Administrator from time to time (the "Minimum Installment
                     Amount"), such amount shall be distributed according to
                     section (i) above.

              2)     If the Participant has made an election as described in
                     Section 5.3 that has been in effect for at least twelve
                     months prior to the Termination Date, the Participant's
                     Account shall be paid in accordance with such payment
                     election.

                                       9
<PAGE>

              3)     If the Participant does not have a payment election that
                     has been in effect for at least twelve months prior to the
                     Termination Date, the Participant's Account shall be paid
                     in annual installments over a period of 10 years, as
                     provided in the Section 5.3.

5.3 FORM OF PAYMENT ELECTION. Each Participant may submit a payment election
form specifying how the Participant's accumulated Deferred Compensation Account
shall be paid. The following distribution options shall be available:

(a)    Distributions following employment. A Participant who is a Retirement
       Eligible Employee, having an accumulated Account of at least the Minimum
       Installment Amount, as provided in Section 5.2(b)(ii) above, may elect
       their Account to be distributed in either of the following forms:

       (i)    Lump Sum Distribution. The amount payable shall equal the Account
              balance determined as of the Evaluation Date. Pursuant to the
              Participant's election, the Evaluation Date may be any Evaluation
              Date following the Termination Date. If the Participant fails to
              elect a date, the Evaluation Date will be the last day of the Plan
              Year in which the Termination Date occurs. The amount so
              determined shall be paid on the Payment Date next following such
              Evaluation Date.

       (ii)   Annual Installments. The amount of the first distribution shall be
              based on the Account balance as determined on the last Evaluation
              Date in the Plan Year in which the Participant's Termination Date
              occurs. Such amount shall be divided by the number of payments
              elected (being either 5 or 10, or other period as determined by
              the Plan Administrator) to determine the distribution. The
              distribution shall be made on the Payment Date next following such
              Evaluation 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.

       (iii)  Participants not making a valid election shall have their Account
              distributed over a period of ten years as provided in Section
              5.3(a)(ii) above.

5.4 PLAN ADMINISTRATOR'S DISCRETION. The Plan Administrator shall have the
discretion to distribute the Account of any Participant who is not a Covered
Executive in a single distribution following their Termination Date. Such
distribution shall be based on the balance of the Participant's Account as of
the Evaluation Date immediately following their Termination Date. Such amount
shall be paid on the Payment Date next following such Evaluation Date.

5.5 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 for that purpose by the Plan Administrator.
              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 no beneficiary has been designated by
              the Participant, 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 as
              provided in 5.3(a)(i) to each of the Participant's surviving
              beneficiaries in the portions designated by the Participant in
              5.5(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 5.5(a).

5.6 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.

                                       10
<PAGE>

                            ARTICLE VI ADMINISTRATION

6.1 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.

6.2 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 VII CLAIMS FOR BENEFITS

7.1 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.

7.2 APPEAL AND REVIEW PROCEDURE.

     (a)  Appeal to Committee. 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 the
          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 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 Committee may require the claimant to
          submit (at the claimant's expense) such additional facts, documents or
          other material as the Committee deems necessary or advisable in making
          its review.

     (c)  Review of Appeal. The 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 Committee receives the
          request for review.

     (d)  Denied Appeals. In the event the 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.

7.3 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 7.1.

     (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 7.2.

     (d)  The claimant has been notified in writing that the Committee has
          denied the claimant appeal or has failed to take any action on the
          appeal within the time prescribed by Section 7.2.

                                       13
<PAGE>

                         ARTICLE VIII GENERAL PROVISIONS

8.1 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.

8.2 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.

8.3 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.

8.4 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.

8.5 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.

8.6 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.

8.7 ENTIRE PLAN. This document is a complete statement of the Deferred
Compensation Plan and as of June __, 2002 supersedes all representations, prior
plans, promises and inducements, proposals, written or oral, relating to its
subject matter. 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.

                                       14
<PAGE>

                      ARTICLE IX AMENDMENT AND TERMINATION

9.1 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 Plan is amended by the Committee, 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. Upon Plan termination, all amounts credited to Participants' Accounts
shall be paid to Participants in a single payment within 120 days.

IN WITNESS WHEREOF, National City Corporation, has caused this instrument to be
executed by its duly authorized officer, this ____ day of ____, 2002.

                        NATIONAL CITY CORPORATION

                        By: /s/Shelley J. Seifert
                           --------------------------------------
                        Name:  Shelley J. Seifert
                        Title: Executive Vice President
                               Human Resources

                                       15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]