Document:

EX-10.62

 

Exhibit 10.62

AMENDMENT NO. 6

TO THE NATIONAL CITY

SAVINGS AND INVESTMENT PLAN

(as amended and restated effective January 1, 2001)

 

     National City Corporation, a Delaware corporation, and National City Bank, a national
banking association, Trustee, hereby evidence the adoption of this Amendment No. 6 to the National
City Savings and Investment Plan, as amended and restated as of January 1, 2001 (the “Plan”).

1. Effective January 1, 2005, Section 1.1 of Article I of the Plan is hereby amended by the
deletion of paragraph (15)(c) thereunder and the substitution in lieu thereof of a new paragraph
(c) to read as follows:

     “(c) Credited Compensation shall not include any amounts paid to any Employee prior to
his meeting the eligibility requirements under Article II of the Plan.”

2. Effective January 1, 2006, Section 1.1 of Article I of the Plan is hereby amended by the
deletion of paragraph (21) in its entirety and the substitution in lieu thereof of a new paragraph
(21) to read as follows:

     “(21) Employee: An employee of a Controlled Group Member and, to the extent
required by Code Section 414(n), any person who is a “leased employee” of a Controlled Group
Member. For purposes of this Subsection, effective as of January 1, 1987, a “leased
employee” means any person who, pursuant to an agreement between a Controlled Group Member
and any other person (“leasing organization”), has performed services for the Controlled
Group Member on a substantially full-time basis for a period of at least one year, and such
services are: (a) for Plan Years beginning prior to January 1, 1997, of a type historically
performed by employees in the business field; or (b) for Plan Years beginning after December
31, 1996, performed under the primary direction or control of the Controlled Group Member.
Contributions or benefits provided a leased employee by the leasing organization which are
attributable to services performed for a Controlled Group Member will be treated as provided
by the Controlled Group Member. A leased employee will not be considered an Employee of a
Controlled Group Member, however, if (a) leased employees do not constitute more than 20
percent of the Controlled Group Member’s nonhighly compensated work force (within the
meaning of Code Section 414(n)(5)(C)(ii)) and (b) such leased employee is covered by a money
purchase pension plan maintained by the leasing organization that provides (i) a
nonintegrated employer contribution rate of at least 10 percent of Credited Compensation,
(ii) immediate participation and (iii) full and immediate vesting. Employees who receiving

 

 

severance payments in the form of salary continuation (other than persons receiving payments
under the Provident Financial Group, Inc. Severance Benefit Plan) shall be deemed Employees
for purposes of the Plan until the expiration of such payments. Notwithstanding anything in
the foregoing sentences to the contrary, effective for any individual who first receives a
notice of position elimination on or after January 1, 2006, such individual shall cease to
be an Employee on his termination of employment without regard to any subsequent severance
payments.”

3. Effective January 1, 2005, Section 1.1 of Article I of the Plan is hereby amended to
clarify the meaning of the term “Employment Year” therein in a manner consistent with
Section 1.410(a)(7)(C)(2) of the United States Treasury regulations by the deletion of
paragraph (24) thereunder and the substitution of a new paragraph (24) in lieu thereof to
read as follows:

     “(24) Employment Year: The period beginning on the first day an
Employee performs an Hour of Service for a Controlled Group Member after initially
becoming an Employee (or after again becoming an Employee following a Break in
Service) and ending on the first anniversary thereof, and each subsequent one-year
period.”

4. Effective March 28, 2005, Article VI of the Plan is hereby amended by the deletion of Section
6.5 thereunder in its entirety and the substitution in lieu thereof of a new Section 6.5 to read as
follows:

     “6.5 Payment of Small Benefits. Effective March 28, 2005,
notwithstanding the foregoing provisions of this Article, if the value of the Vested
Interest of a Participant following his termination of employment (whether by death
or otherwise) does not exceed $1,000 on the first Valuation Date next following such
termination of employment, such Vested Interest shall be paid to the Participant
(or, if applicable, his Beneficiary) in a lump sum within 90 days after such
Valuation Date. For purposes of this Section 6.5, the value of a
Participant’s Vested Interest will include that portion of the account balance that
is attributable to rollover contributions (and earnings allocable thereto) within
the meaning of Sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and
457(e)(16) of the Code.”

5. Effective as of the dates set forth herein below, Article XVII of the Plan is hereby amended by
adding the following new Sections at the end thereof:

     “17.45 Appendix AS – Relating to the acquisition of Charter One Vendor Finance,
LLC by National City Bank. Attached hereto and made a part of this Plan is Appendix AS
which relates to the acquisition of Charter One Vendor Finance, LLC by National City Bank
and is effective as of January 14, 2005.

2

 

     17.46 Appendix AT – Provident Financial Group, Inc. Retirement Plan – Merger into
this Plan. Attached hereto and made a part of this Plan is Appendix AT relating to and
providing for the merger of the Provident Financial Group, Inc. Retirement Plan into this
Plan effective as of April 1, 2005 (or such later date as may be required by applicable
law).

     17.47 Appendix AU – National City Savings and Investment Plan No. 2 – Merger into
this Plan. Attached and made a part of this Plan is Appendix AV relating to and
providing for the merger of the National City Savings and Investment Plan No. 2 into this
Plan effective September 16, 2005 (or such later date as may be required by applicable law).

     17.48 Appendix AV – Allegiant Bancorp, Inc. 401(K) Profit Sharing Plan and Trust –
Merger into this Plan. Attached hereto and made a part of this Plan is Appendix AU
relating to and providing for the merger of the Allegiant Bancorp, Inc. 401(K) Profit
Sharing Plan and Trust into this Plan effective as of October 3, 2005 (or such later date as
may be required by applicable law).

     17.49 Appendix AW – Wayne Bancorp, Inc. and Affiliates Employee Stock Ownership
Plan  — Transfer of Assets. Attached and made a part of this Plan is Appendix AW
relating to transfer of assets from the Wayne Bancorp, Inc. and Affiliates Employee Stock
Ownership Plan into this Plan in connection with the termination of the Wayne Bancorp, Inc.
and Affiliates Employee Stock Ownership Plan.”

Executed at Cleveland, Ohio this ___day of December, 2005 but effective as otherwise set
forth above.

	 	 	 	 	 	 	 
	NATIONAL CITY BANK, TRUSTEE	 	NATIONAL CITY CORPORATION
	 
	 	 	 	 	 	 
	By:

	 	 	 	By:	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:	 	Title:
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	By:	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	Title:
	 

	 	 	 	 	 	 

3EX-10.70

 

Exhibit 10.70

APPENDIX AS

TO

THE NATIONAL CITY SAVINGS AND INVESTMENT PLAN

(relating to the acquisition of

Charter One Vendor Finance, LLC by National City Bank)

          This Appendix AS relates to the acquisition of Charter One Vendor Finance, LLC (“COVF”) by
National City Bank. and is effective as of January 14, 2005 (the “Effective Date”).

          1.
Covered Employees. Each former COVF Employee who otherwise satisfies the
requirements of Section 1.1(14) of the Plan shall become a Covered Employee as of the later of the
Effective Date or his actual date of hire.

          2. Service. Each former COVF Employee shall be credited with service under the Plan
with respect to vesting and eligibility to participate in the Plan, and with respect to eligibility
for benefits, from such COVF Employee’s date of hire with COVF. Notwithstanding the foregoing, no
highly compensated employee (as such term is defined in section 414(q) of the Code) shall be
credited with service pursuant to this paragraph 2 to the extent that such service would cause the
Plan to fail to satisfy final Treasury Regulations issued under Section 401(a)(4) of the Code.

 

 

APPENDIX AT

TO

THE NATIONAL CITY SAVINGS AND INVESTMENT PLAN

(relating to the to the merger of the

Provident Financial Group, Inc. Retirement Plan)

          This Appendix AT relates to the merger, effective as of April 1, 2005, of the Provident
Financial Group, Inc. Retirement Plan into the Plan.

          1. Appendix AT Controlling. With respect to the matters covered herein, the
provisions of this Appendix AT shall be controlling, notwithstanding any other provision of the
Plan.

          2. Definitions. Unless specifically stated otherwise, terms used with initial capital
letters in this Appendix AT shall have the same meaning as in the Plan. For purposes of this
Appendix AT, the following terms shall have the following respective meanings:

     (a) Effective Date: The effective date, namely April 1, 2005, of the merger
of the Provident Plan into the Plan.

     (b) Provident Plan: The Provident Financial Group, Inc. Retirement Plan, as
amended through the Effective Date.

     (c) Provident Plan Participant: Each individual who was a participant in the
Provident Plan on March 31, 2005.

     (d) Provident Trust. The trust held pursuant to the Trust Agreement for the
Provident Plan.

          3. Merger of Assets and Liabilities. Upon the Effective Date the Provident Plan will
be merged into this Plan.

          4. Participation in this Plan. Each person who was a participant in the Provident
Plan immediately preceding the Effective Date shall become a Plan Participant as of the Effective
Date (unless such person is already a Participant in the Plan), provided that such Participant must
actually satisfy the eligibility requirements of Article II of the Plan and be a Covered Employee
in order to have Before-Tax Contributions and Employer Contributions made on his behalf to the
Trust under the Plan.

          5. Participant Accounting. As soon as practicable after the Effective Date but
effective as of the Effective Date, the assets and liabilities attributable to each Provident Plan
Participant shall be accounted for in accordance with the following rules:

     (a) Amounts held in a Participant’s accounts under the Provident Plan immediately
preceding the Effective Date shall be credited to his Account under this Plan.

 

 

     (b) Sub-accounts shall be maintained for each Participant’s Plan Account to reflect
amounts attributable to the separate accounts maintained for the Participant under the
Provident Plan.

          6. Vesting. Amounts credited to a Participant’s Account as a result of this merger
shall be 100% nonforfeitable.

          7. Beneficiary Designations. Any person or persons designated by a Provident Plan
Participant as a beneficiary to receive any death benefit under the Provident Plan prior to the
Effective Date shall, subject to applicable law, continue as the Participant’s Beneficiary under
this Plan until the Participant designates a Death Beneficiary in accordance with the provisions of
this Plan.

          8. Applicability of Plan Provisions. Except as otherwise specifically provided in
this Appendix AT or in this Plan, the provisions of this Plan shall, effective as of the Effective
Date, apply to the Provident Plan assets merged into this Plan and to the Provident Plan
Participants, and supersede the provisions of the Provident Plan.

          9. Benefits. Nothing contained in this Appendix AT shall be applied, interpreted or
have the effect of:

	 	(a)	 	reducing any participant’s accrued benefit under this Plan or
the Provident Plan, or
	 
	 	(b)	 	eliminating or reducing any early retirement benefit or
retirement-type subsidy otherwise supplied by the Plan or the Provident Plan,
or
	 
	 	(c)	 	eliminating (to the extent prohibited by applicable law) an
optional form of benefit otherwise provided by the Plan or the Provident Plan,

notwithstanding any other provision of the Plan as amended, or the Provident Plan, as amended. For
purposes of this paragraph, the terms “accrued benefit”, “early retirement benefit”,
“retirement-type subsidy” and “optional form of benefit” shall have the meaning given such terms in
section 411 of the Code and Treasury Regulations issued thereunder.

 

 

APPENDIX AU

TO THE

THE NATIONAL CITY SAVINGS AND INVESTMENT PLAN

(relating to the to the merger of the

National City Savings and Investment Plan No.2)

          This Appendix AU relates to the merger, effective as of September 16, 2005, of the National
City Savings and Investment Plan No.2 into the Plan.

          1. Appendix AU Controlling. With respect to the matters covered herein, the
provisions of this Appendix AU shall be controlling, notwithstanding any other provision of the
Plan.

          2. Definitions. Unless specifically stated otherwise, terms used with initial capital
letters in this Appendix AU shall have the same meaning as in the Plan. For purposes of this
Appendix AU, the following terms shall have the following respective meanings:

     (a) Effective Date: The effective date, namely September 16, 2005, of the
merger of SIP No.2 into the Plan.

     (b) SIP No.2: The National City Savings and Investment Plan No.2, as amended
through the Effective Date.

     (c) SIP No.2 Participant: Each individual who was a participant in SIP No.2
on September 15, 2005.

     (d) SIP No.2 Trust. The trust held pursuant to the Trust Agreement for SIP
No.2.

          3. Merger of Assets and Liabilities. Pursuant to the Instrument of Amendment and
Merger of Plan Plans between National City Bank and National City Corporation, upon the Effective
Date, SIP No.2 will be merged into this Plan.

          4. Participation in this Plan. Each person who was a participant in the SIP No.2
immediately preceding the Effective Date shall become a Plan Participant as of the Effective Date
(unless such person is already a Participant in the Plan), provided that such Participant must
actually be a Covered Employee in order to have Before-Tax Contributions and Employer Contributions
made on his behalf to the Trust under the Plan.

          5. Participant Accounting. As soon as practicable after the Effective Date but
effective as of the Effective Date, the assets and liabilities attributable to each SIP No.2
Participant shall be accounted for in accordance with the following rules:

     (a) Amounts held in a Participant’s accounts under SIP No.2 immediately preceding the
Effective Date shall be credited to his Account under this Plan.

 

 

     (b) Sub-accounts shall be maintained for each Participant’s Account to reflect
amounts attributable to the separate accounts maintained for the Participant under SIP
No.2.

     (c) A Participant’s ESOP Sub-Account shall be established for each SIP No.2
Participant under this Plan and shall be subject to the provisions of this Plan applicable
to ESOP Sub-Accounts.

          6. Vesting. Amounts credited to a Participant’s Account as a result of this merger
shall be 100% nonforfeitable.

          7. Beneficiary Designations. Any person or persons designated by a SIP No.2
Participant as a beneficiary to receive any death benefit under the SIP No.2 prior to the
Effective Date shall, subject to applicable law, continue as the Participant’s Beneficiary under
this Plan until the Participant designates a Death Beneficiary in accordance with the provisions of
this Plan.

          8. Applicability of Plan Provisions. Except as otherwise specifically provided in
this Appendix AU or in this Plan, the provisions of this Plan shall, effective as of the Effective
Date, apply to SIP No.2 assets merged into this Plan and to the SIP No.2 Participants, and
supersede the provisions of SIP No.2.

          9. Benefits. Nothing contained in this Appendix AU shall be applied, interpreted or
have the effect of:

	 	(a)	 	reducing any participant’s accrued benefit under this Plan or
SIP No.2, or
	 
	 	(b)	 	eliminating or reducing any early retirement benefit or
retirement-type subsidy otherwise supplied by the Plan or SIP No.2, or
	 
	 	(d)	 	eliminating (to the extent prohibited by applicable law) an
optional form of benefit otherwise provided by the Plan or SIP No.2,

notwithstanding any other provision of the Plan as amended, or SIP No.2, as amended. For purposes
of this paragraph, the terms “accrued benefit”, “early retirement benefit”, “retirement-type
subsidy” and “optional form of benefit” shall have the meaning given such terms in section 411 of
the Code and Treasury Regulations issued thereunder.

 

 

APPENDIX AV

TO THE

THE NATIONAL CITY SAVINGS AND INVESTMENT PLAN

(relating to the to the merger of the

Allegiant Bancorp, Inc. 401(k) Profit Sharing Plan and Trust)

          This Appendix AV relates to the merger, effective as of October 3, 2005, of the Allegiant
Bancorp, Inc. 401(k) Profit Sharing Plan and Trust into the Plan.

          1. Appendix AV Controlling. With respect to the matters covered herein, the
provisions of this Appendix AV shall be controlling, notwithstanding any other provision of the
Plan.

          2. Definitions. Unless specifically stated otherwise, terms used with initial capital
letters in this Appendix AV shall have the same meaning as in the Plan. For purposes of this
Appendix AV, the following terms shall have the following respective meanings:

     (a) Effective Date: The effective date, namely October 3, 2005, of the merger
of the Allegiant Plan into the Plan.

     (b) Allegiant Plan: The Allegiant Bancorp, Inc. 401(k) Profit Sharing Plan
and Trust, as amended through the Effective Date.

     (c) Allegiant Plan Participant: Each individual who was a participant in the
Allegiant Plan on October 2, 2005.

     (d) Allegiant Trust. The trust held pursuant to the trust provisions of the
Allegiant Plan.

          3. Merger of Assets and Liabilities. Upon the Effective Date the Allegiant Plan will
be merged into this Plan.

          4. Participation in this Plan. Each person who was a participant in the Allegiant
Plan immediately preceding the Effective Date shall become a Plan Participant as of the Effective
Date (unless such person is already a Participant in the Plan), provided that such Participant must
actually be a Covered Employee in order to have Before-Tax Contributions and Employer Contributions
made on his behalf to the Trust under the Plan.

          5. Participant Accounting. As soon as practicable after the Effective Date but
effective as of the Effective Date, the assets and liabilities attributable to each Allegiant Plan
Participant shall be accounted for in accordance with the following rules:

     (a) Amounts held in a Participant’s accounts under the Allegiant Plan immediately
preceding the Effective Date shall be credited to his Account under this Plan.

 

 

     (b) Sub-accounts shall be maintained for each Participant’s Account to reflect
amounts attributable to the separate accounts maintained for the Participant under the
Allegiant Plan.

          6. Vesting.

     (a) Subject to the provisions of sub-paragraph (b) below, amounts credited to a
Participant’s Account as a result of this merger shall be 100% nonforfeitable.

     (b) Notwithstanding any provision of this Appendix AV, the Allegiant Plan or the Plan,
the provisions of sub-paragraph (a) above shall not apply to a Participant who is not
credited with one Hour of Service under the Plan on or after the Effective Date and the
provisions of the Allegiant Plan shall continue to apply in determining the nonforfeitable
percentage of such Participant’s accrued benefit derived from employer contributions under
the Allegiant Plan. Any amount forfeited under this provision shall be allocated in
accordance with Section 3.7 of the Plan. If a Participant described in sub-paragraph (b)
is reemployed by the Controlled Group, the provisions of the Allegiant Plan shall apply to
determine whether or not the forfeitable amount shall be restored to the Participant’s
Account. The source of such restoration may be income or gain to this Plan, forfeitures or
Employer contributions, as the Corporation in its discretion determines.

          7. Beneficiary Designations. Any person or persons designated by a Allegiant Plan
Participant as a beneficiary to receive any death benefit under the Allegiant Plan prior to the
Effective Date shall, subject to applicable law, continue as the Participant’s Beneficiary under
this Plan until the Participant designates a Death Beneficiary in accordance with the provisions of
this Plan.

          8. Applicability of Plan Provisions. Except as otherwise specifically provided in
this Appendix AV or in this Plan, the provisions of this Plan shall, effective as of the Effective
Date, apply to the Allegiant Plan assets merged into this Plan and to the Allegiant Plan
Participants, and supersede the provisions of the Allegiant Plan.

          9. Benefits. Nothing contained in this Appendix AV shall be applied, interpreted or
have the effect of:

	 	(a)	 	reducing any participant’s accrued benefit under this Plan or
the Allegiant Plan, or
	 
	 	(b)	 	eliminating or reducing any early retirement benefit or
retirement-type subsidy otherwise supplied by the Plan or the Allegiant Plan,
or
	 
	 	(e)	 	eliminating (to the extent prohibited by applicable law) an
optional form of benefit otherwise provided by the Plan or the Allegiant Plan,

 

 

notwithstanding any other provision of the Plan as amended, or the Allegiant Plan, as amended. For
purposes of this paragraph, the terms “accrued benefit”, “early retirement benefit”,
“retirement-type subsidy” and “optional form of benefit” shall have the meaning given such terms in
section 411 of the Code and Treasury Regulations issued thereunder.

 

 

APPENDIX AW

TO THE

THE NATIONAL CITY SAVINGS AND INVESTMENT PLAN

(relating to the to the termination of the Wayne Bancorp, Inc. & Affiliates

Employee Stock Ownership Plan and the transfer of assets to the Plan

in connection therewith)

          This Appendix AW relates to the transfer of assets from the terminating Wayne Bancorp, Inc. &
Affiliates Employee Stock Ownership Plan into this Plan pursuant to Section 24.3(b) of the Wayne
Bancorp, Inc. & Affiliates Employee Stock Ownership Plan.

          1. Appendix AW Controlling. With respect to the matters covered herein, the
provisions of this Appendix AW shall be controlling, notwithstanding any other provision of the
Plan.

          2. Definitions. Unless specifically stated otherwise, terms used with initial capital
letters in this Appendix AW shall have the same meaning as in the Plan. For purposes of this
Appendix AW, the following terms shall have the following respective meanings:

     (a) Transfer Date: The effective date, on or about December 21, 2005, of the
transfer of assets from the Wayne ESOP into the Plan, pursuant to Section 24.3(b) of the
Wayne ESOP.

     (b) Wayne ESOP: The Wayne Bancorp, Inc. & Affiliates Employee Stock Ownership
Plan, as amended through its termination.

     (c) Transfer Account: An account established and maintained by the Trustee
for each Wayne ESOP Participant who’s account under the Wayne ESOP is transferred to the
Plan pursuant to Section 24.3(b) of Wayne ESOP.

     (d) Wayne ESOP Participant: Each individual who was a participant in the
Wayne ESOP immediately prior to the Transfer Date.

     (e) Wayne ESOP Trust. The trust held pursuant to the trust provisions of the
Wayne ESOP.

          3. Transfer of Assets and Liabilities. In accordance with Section 24.3(b) of the
Wayne ESOP, upon the Transfer Date the applicable assets and liabilities of the Wayne ESOP will be
transferred to this Plan.

          4. Participation in this Plan. Each person who was a participant in the Wayne ESOP
immediately preceding the Transfer Date and who’s account under the Wayne ESOP is transferred to
the Plan pursuant to Section 24.3(b) of the Wayne ESOP shall become a Plan Participant as of the
Transfer Date (unless such person is already a Participant in the Plan), provided that such
Participant must actually be a Covered Employee in order to have Before-Tax Contributions and
Employer Contributions made on his or behalf to the Trust under the Plan.

 

 

          5. Participant Accounting. As soon as practicable after the Transfer Date but
effective as of the Transfer Date, the assets and liabilities attributable to each Wayne ESOP
Participant who’s benefit under the Wayne ESOP is transferred to the Plan pursuant to Section
24.3(b) of the Wayne ESOP shall be credited to his Transfer Account under this Plan.

          6. Vesting. Participant’s Transfer Account shall be 100% nonforfeitable.

          7.  Applicability of Plan Provisions. Except as otherwise specifically provided in
this Appendix AW or in this Plan, the provisions of this Plan shall, effective as of the Transfer
Date, apply to the Wayne ESOP assets tranferred into this Plan and to the Wayne ESOP Participants,
and supersede the provisions of the Wayne ESOP.

          8. Benefits. Nothing contained in this Appendix AV shall be applied, interpreted or
have the effect of

	 	(a)	 	reducing any participant’s accrued benefit under this Plan or
the Wayne ESOP, or
	 
	 	(b)	 	eliminating or reducing any early retirement benefit or
retirement-type subsidy otherwise supplied by the Plan or the Wayne ESOP Plan,
or
	 
	 	(f)	 	eliminating (to the extent prohibited by applicable law) an
optional form of benefit otherwise provided by the Plan or the Wayne ESOP,

notwithstanding any other provision of the Plan as amended, or the Wayne ESOP, as amended. For
purposes of this paragraph, the terms “accrued benefit”, “early retirement benefit”,
“retirement-type subsidy” and “optional form of benefit” shall have the meaning given such terms in
section 411 of the Code and Treasury Regulations issued thereunder.

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