Document:

Exhibit

Exhibit 10(h)

KEY EMPLOYEE EQUITY PLAN
RESTRICTED STOCK AWARD AGREEMENT

	
				
	GRANTED TO
	AWARD DATE
	NUMBER OF SHARES
	 FAIR MARKET VALUE PER SHARE

	XXXXX XXXXX
	XXXXX XX, XXXX
	XX,XXX
	$XX.XX

This Restricted Stock Award Agreement (the “Agreement”) is made between Bank of America Corporation, a Delaware corporation (“Bank of America”), and you, a Non-Employee Director of Bank of America.

Bank of America sponsors the Bank of America Corporation Key Employee Equity Plan (the “Stock Plan”).  A prospectus describing the Stock Plan (the “Prospectus”) is enclosed as Exhibit A.  The Stock Plan itself is available upon request, and its terms and provisions are incorporated herein by reference.  When used herein, the terms which are defined in the Stock Plan shall have the meanings given to them in the Stock Plan, as modified herein (if applicable).

The award described in this Agreement (the “Award”) is for the number of shares of Bank of America Common Stock shown above (the “Shares”). You and Bank of America mutually covenant and agree as follows:

		
	1.
	The award of the Shares is subject to the terms and conditions of the Stock Plan and this Agreement.  You acknowledge having read the Prospectus and agree to be bound by all the terms and conditions of the Stock Plan and this Agreement. 

		
	2.
	You agree that you shall comply with (or provide adequate assurance as to future compliance with) all applicable securities laws, as determined by Bank of America.  You agree that, upon request, you will furnish a letter agreement providing that you will (i) not distribute or resell any of said Shares in violation of the Securities Act of 1933, as amended, (ii) indemnify and hold Bank of America harmless against all liability for any such violation and (iii) accept all liability for any such violation.

		
	3.
	The Shares shall become vested in accordance with Section 19.3 of the Stock Plan.  Until they become vested, the Shares shall be held by Bank of America.  Vested Shares shall be delivered to you as soon as administratively practicable following the applicable Non-Employee Director Vesting Date.  In that regard, you agree that you shall comply with (or provide adequate assurance as to future compliance with) all applicable securities laws and income tax laws as determined by Bank of America as a condition precedent to the delivery of the Shares.  While the Shares are held by Bank of America, you shall not have the right to sell, transfer or otherwise dispose of such Shares or any interest therein.

		
	4.
	In accordance with Section 19.3 of the Stock Plan, you shall have the right to receive dividends on the Shares and to vote the Shares prior to vesting.

		
	5.
	You acknowledge and agree that upon your cessation of services as a Non-Employee Director resulting in the forfeiture of any unvested Shares in accordance with paragraph 3 above, (i) your right to vote and to receive dividends on, and all other rights, title or interest in, to or with respect to, unvested Shares shall automatically, without further act, terminate and (ii) the unvested Shares shall be returned to Bank of America. You hereby irrevocably appoint (which appointment is coupled with an interest) Bank of America as your agent and attorney-in-fact to take any necessary or appropriate action to cause the Shares to be returned to Bank of America, including without limitation executing and delivering stock powers and instruments of transfer, making endorsements and/or making, initiating or issuing instructions or entitlement orders, all in your name and on your behalf.  You hereby ratify and approve all acts done by Bank of America as such attorney-in-fact.  Without limiting the foregoing, you expressly acknowledge and agree that any transfer agent for the Shares is fully authorized and protected in relying on, and shall incur no liability in acting on, any documents, instruments, endorsements, instructions, orders or communications from Bank of America in connection with the Shares or the transfer thereof, and that any such transfer agent is a third party beneficiary of this Agreement.

		
	6.
	The existence of this award shall not affect in any way the right or power of Bank of America or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in Bank of America’s capital structure or its business, or any merger or consolidation of Bank of America, or any issue of bonds, debentures, preferred or prior preference 

stocks ahead of or convertible into, or otherwise affecting the common stock or the rights thereof, or the dissolution or liquidation of Bank of America, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise.

		
	7.
	Bank of America may, in its sole discretion, decide to deliver any documents related to this Award or future Awards under the Stock Plan by electronic means or request your consent to participate in the Stock Plan by electronic means.  You hereby consent to receive such documents by electronic delivery and, if requested, agree to participate in the Stock Plan through an online or electronic system established and maintained by Bank of America or a third party designated by Bank of America.

Any notice which either party hereto may be required or permitted to give to the other shall be in writing and may be delivered personally, by fax, by mail, by electronic mail or electronic means to such electronic mail or postal address and directed to such person(s) as Bank of America may notify you from time to time; and to you, at your electronic mail or postal address as shown on the records of Bank of America from time to time or as otherwise determined appropriate by Bank of America, in its sole discretion, or at such other electronic mail or postal address as you, by notice to Bank of America, may designate in writing from time to time.

		
	8.
	In the event Bank of America determines that it must withhold any federal, state, local, and/or foreign taxes, you agree as a condition of the grant of the Award to make arrangements satisfactory to Bank of America to enable it to satisfy all withholding requirements by legal means, including, but not limited to, withholding any applicable federal, state, local, and/or foreign taxes from this Award.  In addition, you authorize Bank of America to fulfill its withholding obligations by all legal means, including, but not limited, withholding federal, state, local, and/or foreign taxes from fees or other cash compensation Bank of America pays to you.  Bank of America may refuse to deliver any vested Shares if you fail to comply with any obligations in connection with this paragraph 8.

		
	9.
	In the event any provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.  This Agreement constitutes the final understanding between you and Bank of America regarding the Shares.  Any prior agreements, commitments or negotiations concerning the Shares are superseded.  Subject to the terms of the Stock Plan, this Agreement may only be amended by a written instrument signed by both parties.

		
	10.
	The validity, construction and effect of this Agreement are governed by, and subject to, the laws of the State of Delaware and the laws of the United States, as provided in the Stock Plan.  For purposes of litigating any dispute that arises directly or indirectly from the relationship of the parties evidenced by this Award or this Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of North Carolina and agree that such litigation shall be conducted solely in the courts of Mecklenburg County, North Carolina or the federal courts for the United Sates for the Western District of North Carolina, where this Award is made and/or to be performed, and no other courts.

		
	11.
	If you move to or reside in any country outside of the United States during the term of your Award, additional terms and conditions may apply to your Award.  Bank of America reserves the right to impose other requirements on the Award to the extent Bank of America determines it is necessary or advisable for legal or administrative reasons and to require you to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing.

IN WITNESS WHEREOF, Bank of America has caused this Agreement to be executed by its duly authorized officer, and you have hereunto set your hand, all as of the day and year first above written.

BANK OF AMERICA CORPORATION                NON-EMPLOYEE DIRECTOR:        
                                    
Chairman and Chief Executive Officer            ____________________________________Exhibit

Exhibit 10(mm)

FIRST AMENDMENT
TO THE
BANK OF AMERICA CORPORATION
KEY EMPLOYEE EQUITY PLAN

Instrument of Amendment

THIS INSTRUMENT is executed by BANK OF AMERICA CORPORATION, a Delaware corporation with its principal office and place of business in Charlotte, North Carolina (the “Company”).

Statement of Purpose

The Company sponsors the Bank of America Corporation Key Employee Equity Plan (the “Plan”) for the benefit of its eligible employees and the eligible employees of its affiliated companies that participate in the Plan.  The Plan was originally known as the Bank of America Corporation Key Associate Stock Plan, effective as of January 1, 2003, and the Plan was subsequently amended on several occasions and was then further amended and restated, effective May 6, 2015 to name the Plan the Bank of America Corporation Key Employee Equity Plan as well as authorize additional shares for award under the Plan and to make certain other changes.  The Company has reserved the right in Section 14.1 of the Plan to amend the Plan in whole or in part.  By this instrument, the Company is amending the Plan to permit non-employee members of the Company’s Board of Directors to receive restricted stock awards under the Plan, subject to the terms and conditions described herein.

NOW, THEREFORE, the Company hereby amends the Plan effective as of December 13, 2018:

1.    Section 1.2 of the Plan is amended to add the following sentence to the end thereof:

“The Plan also enables the Company to attract and retain persons of exceptional ability to serve as Non-Employee Directors and to further align the interests of Non-Employee Directors and stockholders in enhancing the value of the Company’s Shares.”

2.    Article 2 of the Plan is (i) amended to add the defined term “Non-Employee Director” and (ii) amended such that the defined term “Restricted Stock” is deleted in its entirety and replaced with the defined term “Restricted Stock” below:
“Non-Employee Director” means an individual who is a member of the Board, but who is not an employee of the Company or any of its Subsidiaries.”

“Restricted Stock” means an Award of Shares, subject to a Period of Restriction (except as set forth in Section 3.4), that is granted to a Key Employee under Article 8 herein or a Non-Employee Director under Article 19 herein.”

3.    Section 3.4 of the Plan is amended to add the following sentence to the end thereof:
“The provisions of this Section 3.4 shall not apply to any Award of Restricted Stock granted to a Non-Employee Director and the Period of Restriction for any such Restricted Stock Award granted to a Non-Employee Director.”

3.    Section 5.1 of the Plan is amended such that the language reading “but excluding Directors who are not Key Employees” is deleted in its entirety.

4.    Article 5 of the Plan is amended to add a new Section 5.4 as follows:
“5.4    Non-Employee Directors.  Non-Employee Directors may also participate in this Plan subject to the provisions set forth in Article 19 below.”

5.    A new Article 19 is added to the Plan as follows:

“ARTICLE 19.    NON-EMPLOYEE DIRECTORS

19.1    Restricted Stock Awards.  Subject to the terms and provisions of the Plan, the Board, at any time and from time to time, may grant Shares of Restricted Stock to Non-Employee Directors in such amounts as the Board shall determine.  Notwithstanding the definition of “Participant” provided in Article 2 above, upon receipt of a grant of Shares of Restricted Stock, a Non-Employee Director shall be considered a Participant in the Plan.  Each grant of Shares of Restricted Stock to a Non-Employee Director shall be evidenced by an Award Agreement that shall specify the Period or Periods of Restriction, the number of Shares of Restricted Stock granted, and such other provisions as the Board shall determine.

19.2    Administration.  The Board shall be responsible for administering any grants of Restricted Stock to Non-Employee Directors and shall have all of the powers necessary to enable it to properly carry out its duties hereunder.  Not in limitation of the foregoing, the Board shall have the power to construe and interpret the Plan and to determine all questions that shall arise thereunder with respect to grants of Restricted Stock to Non-Employee Directors.  The Board shall have such other and further specified duties, powers, authority and discretion as are elsewhere in the Plan either expressly or by necessary implication conferred upon it.  The Board may appoint such agents as it may deem necessary for the effective performance of its duties, and may delegate to such agents such powers and duties as the Board may deem expedient or appropriate that are not inconsistent with the intent of the Plan and this Article 19.  The decision of the Board upon all matters within the scope of authority shall be final and conclusive on all persons, except to the extent otherwise provided by law.

19.3    Vesting.  Notwithstanding any provision of the Plan to the contrary, including, and without limitation, Section 3.4 of the Plan, Shares of Restricted Stock granted to Non-Employee Directors shall not become vested until the first anniversary of the applicable date of grant (or, if earlier, the date of the next annual meeting of the stockholders of the Company) (the “Non-Employee Director Vesting Date”).  If the Non-Employee Director ceases to serve as a Non-Employee Director before the Non-Employee Director Vesting Date due to the Non-Employee Director’s death, or if there is a Change in Control prior to the Vesting Date, then the Shares shall become fully vested as of the date of such death or Change in Control, as applicable.  If the Non-Employee Director ceases to serve as a Non-Employee Director at any time for any reason other than death before the earlier of the Vesting Date or a Change in Control, then the Shares shall become vested pro rata (based on the number of days between the grant date of the Shares of Restricted Stock, or in the case of Shares of Restricted Stock granted to a newly appointed Non-Employee Director, the date of commencement of services, and the date of cessation of services divided by (a) 365 days for grants made at an annual stockholders meeting or (b) the number of days from the date of commencement of services until the next annual stockholders meeting for  grants made to a newly appointed Non-Employee Director), and to the extent the Shares are not thereby vested they shall be forfeited as of the date of such cessation of services.  A Non-Employee Director may not sell, transfer or otherwise dispose of any Shares of Restricted Stock until they become vested; however, the Non-Employee Director shall have the right to receive dividends with respect to the Shares and to vote the Shares prior to vesting.  If a Non-Employee Director has elected to defer any Shares of Restricted Stock pursuant to the Bank of America Corporation Director Deferral Plan (or any other similar plan in which the Non-Employee Director participates, including any successor or replacement plan) (a “Deferral Plan”), then (i) such Shares shall not be issued under this Plan, (ii) the Non-Employee Director shall be credited with “Stock Units” to be paid in cash when and as provided for under the Deferral Plan, and (iii) the vesting provisions set forth above shall apply to any such Shares that are deferred as Stock Units under the Deferral Plan.

19.4    No Other Awards.  For purposes of clarity, Non-Employee Directors may not receive any other form of Award described in this Plan, other than grants of Shares of Restricted Stock.”

IN WITNESS WHEREOF, Bank of America Corporation, on behalf of all participating employers in the Plan, has caused this instrument to be duly executed on the 19th day of December, 2018.
                
BANK OF AMERICA CORPORATION

By:  /s/ Christopher Fabro
Christopher Fabro
Global Compensation & Benefits Executive
Bank of America

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