Document:

Bank of America Corporation Equity Incentive Plan

 Exhibit 10(m) 
  
 BANK OF AMERICA CORPORATION 
 EQUITY INCENTIVE PLAN 
  
 Effective January 1, 2002 
  

	1.	Purpose: 

  
 The Corporation establishes this Plan effective January 1, 2002 for the purpose of determining for certain key associates the portion of incentive
compensation to be awarded in the form of Restricted Stock Shares or Restricted Stock Units under the Stock Plan. By awarding a portion of a key associate’s incentive compensation in the form of Restricted Stock Shares or Restricted Stock Units
which become earned and payable over time, the Corporation intends to induce the associate to remain employed by the Corporation and its Subsidiaries and to further align the interests of the associate with the Corporation’s stockholders.

  

	2.	Definitions: 

  
 For purposes of the Plan, the following terms shall have the following meanings 
  
 “Associate” means a common law employee of the Corporation or one of its Subsidiaries who is identified as
an employee in the personnel records of the Corporation or the applicable Subsidiary. 
  
 “Cause” shall be defined as that term is defined in a Covered Associate’s offer letter or other applicable employment agreement; or, if there is no such definition, “Cause” means any of
the following as determined by the Plan Administrator with respect to a Covered Associate: (i) an act of fraud or dishonesty committed by the Covered Associate in the course of the Covered Associate’s employment; (ii) a conviction of (or plea
of no contest with respect to) a crime constituting a felony; (iii) an act or omission which causes the Covered Associate or the Corporation or any Subsidiary to be in violation of federal or state securities laws, rules or regulations, and/or the
rules of any exchange or association of which the Corporation or any Subsidiary is a member, including statutory disqualification; (iv) failure to perform the Covered Associate’s job function(s), which the Corporation views as being material to
the Covered Associate’s position and the overall business of the Corporation and its Subsidiaries under circumstances where such failure is detrimental to the Corporation or any Subsidiary; (v) a material breach of any written policy applicable
to employees of the Corporation and its Subsidiaries including, but not limited to, the Bank of America Corporation Code of Ethics and General Policy on Insider Trading; or (vi) an unauthorized disclosure of any confidential or proprietary
information of the Corporation or its Subsidiaries or commission of any other material violation of the Corporation’s written policies or signed agreement(s) regarding Confidential and Proprietary Information. 
  
 “Common Stock” means the common stock of the Corporation.

  
 “Corporate Personnel Executive” means the
Corporate Personnel Executive of the Corporation (or any permitted delegee pursuant to Paragraph 3). 
  

 “Corporation” means Bank of America Corporation, and its successors and assigns.

  
 “Covered Associate” means an Associate who is
employed in either (i) job band 1 or 2, (ii) the Corporation’s Global Corporate and Investment Banking Group, (iii) the Corporation’s Asset Management Group or (iv) any other group of Associates as the Plan Administrator may determine from
time to time; provided, however, that (i) an Associate shall not be a Covered Associate for a Plan Year unless the Associate satisfies any other eligibility requirements set forth on the applicable Schedule attached to the Plan and
(ii) the term “Covered Associate” shall not include any “Insider” or “Named Executive Officer” as defined under the Stock Plan. The Plan Administrator shall make all determinations as to whether an Associate is a
Covered Associate for a Plan Year. In that regard, the Plan Administrator in its sole and exclusive discretion may determine to exclude an Associate (or group of Associates) from being considered a Covered Associate with respect to a Covered
Incentive at any time prior to the applicable Grant Date. 
  
 “Covered Incentive” means, with respect to a Covered Associate, any incentive award determined pursuant to any incentive compensation plan of the Corporation approved for purposes of this Plan by the Plan Administrator.
Covered Incentives may be determined annually, quarterly, or on such other basis as provided by the applicable plan. Notwithstanding the foregoing, to the extent permitted by applicable law, no amount shall be considered a Covered Incentive that is
payable after the date of the Covered Associate’s termination of employment with Corporation and its Subsidiaries (including without limitation any amounts constituting severance payments). 
  
 “Effective Date” means the effective date of the Plan:
January 1, 2002. 
  
 “Fair Market Value” of a
share of Common Stock means the closing price on the relevant date of a share of Common Stock as reflected in the report of composite trading of New York Stock Exchange listed securities for that day (or, if no shares were publicly traded on that
day, the immediately preceding day that shares were so traded) published in The Wall Street Journal (Eastern Edition) or in any other publication selected by the Plan Administrator; provided, however, that if the shares are misquoted
or omitted by the selected publication(s), the Plan Administrator shall directly solicit the information from officials of the stock exchanges or from other informed independent market sources. 
  
 “Grant Date” means the date that Restricted Stock Shares or
Restricted Stock Units are awarded to a Covered Associate pursuant to the Plan for Covered Incentives earned for a calendar year, which date shall be February 15 of the following calendar year, or if that February 15 is not a business day, the next
preceding business day.  
  
 “Plan
Administrator” means the Corporate Personnel Executive. : 
  
 “Premium Amount” means an amount equal to twenty-five percent (25%) of the Principal Amount which is to be awarded as Restricted Stock Shares or Restricted Stock Units as determined under Section 4 below. 
  

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 “Principal Amount” means the portion of a Covered Associate’s Covered Incentive to
be awarded as Restricted Stock Shares or Restricted Stock Units as determined under Section 4 below and the applicable schedule attached to the Plan. 
  
 “Restricted Stock Share” means a share of “Restricted Stock” awarded under, and within the meaning of, the Stock Plan.

  
 “Restricted Stock Unit” means a
“Restricted Stock Unit” awarded under, and within the meaning of, the Stock Plan. 
  
 “Retirement” means: 
  

	 	(a)	for an Associate working in the United States, the Associate’s termination of employment with the Corporation and its Subsidiaries (other than due to the Associate’s death
or disability) after the Associate has (i) attained at least age fifty (50), (ii) completed at least fifteen (15) years of “Vesting Service” under the tax-qualified Pension Plan sponsored by the Corporation, and (iii) attained a combined
age and years of “Vesting Service” equal to at least seventy-five (75); or 

  

	 	(b)	for an Associate working outside the United States, termination of the Associate’s employment with the Corporation and its Subsidiaries (other than due to the Associate’s
death or disability) as of the later of (i) the date of the Associate’s eligibility for retirement under the local program or (ii) attainment of at least age fifty (50). 

  
 “Stock Plan” means the Bank of America Corporation 2003 Key
Associate Stock Plan, as the same may be in effect from time to time, or any successor plan thereto. 
  
 “Subsidiary” means a “Subsidiary” as defined under the Stock Plan.  
  

	3.	Administration: 

  
 The Plan Administrator shall be responsible for administering the Plan. The Plan Administrator shall have all of the powers necessary to enable it to
properly carry out its duties under the Plan. Not in limitation of the foregoing, the Plan Administrator shall have the power to construe and interpret the Plan and to determine all questions that shall arise thereunder. The Plan Administrator 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 Plan Administrator 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 Plan Administrator may deem expedient or appropriate that are not inconsistent with the intent of the Plan. The decision of the Plan Administrator
upon all matters within its scope of authority shall be final and conclusive on all persons, except to the extent otherwise provided by law. 
  

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	4.	Operation: 

  
 This Plan shall apply to any Covered Incentive of a Covered Associate determined for performance periods beginning on or after the Effective Date. For any
such Covered Incentive, a portion shall be awarded in cash and a portion shall be awarded as Restricted Stock Shares or Restricted Stock Units on the applicable Grant Date and earned over time thereafter in accordance with the following provisions:

  

	 	(a)	The Plan Administrator shall determine from time to time whether awards to particular Covered Associates or groups of Covered Associates under the Plan shall be in the form of
Restricted Stock Shares or Restricted Stock Units. 

  

	 	(b)	The Principal Amount for a Covered Associate to be awarded as Restricted Stock Shares or Restricted Stock Units shall be determined pursuant to the applicable schedule attached
hereto. The related Premium Amount for the Covered Associate shall equal the Principal Amount times twenty-five percent (25%). The Plan Administrator shall make all determinations as to which schedule applies to a particular Covered Associate with
respect to any Covered Incentive (for example, in connection with a Covered Associate who transfers jobs among business units covered by different schedules). 

  

	 	(c)	For purposes of applying the applicable Principal Amount schedules to Covered Incentives determined more frequently than annually, the following provisions shall apply:

  

	 	(i)	the amount of all such Covered Incentives for a calendar year shall be aggregated for purposes of applying the Principal Amount formula under the applicable schedule for that
calendar year; 

  

	 	(ii)	the Plan Administrator shall determine the appropriate methodology for accruing a portion of each such Covered Incentive within the calendar year for purposes of applying the
applicable Principal Amount formula at the end of the calendar year; and 

  

	 	(iii)	if the Covered Associate terminates employment with the Corporation and its Subsidiaries prior to the applicable Grant Date, any such amounts that were previously accrued during the
calendar year shall be paid to the Covered Associate in cash (less applicable payroll and withholding taxes) as soon as administratively practicable after termination of employment, except that in the case of termination by the Covered
Associate’s employer for Cause or termination by the Covered Associate (other than Retirement), such accruals shall be forfeited as of the date of termination. 

  

	 	(d)	The number of Restricted Stock Shares or Restricted Stock Units to be awarded to a Covered Associate shall equal the aggregate of the Principal Amount and Premium Amount determined
under subparagraph (b) above divided by the average Fair Market Value of a share of Common Stock for the five consecutive trading days ending on the applicable Grant Date. 

  

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	 	(e)	The number of Restricted Stock Shares or Restricted Stock Units determined in accordance with subparagraph (d) above shall be awarded under the Stock Plan to the Covered Associate
and evidenced by an award agreement. Subject to the determination of the Plan Administrator, the award agreement shall include the following provisions: 

  

	 	(i)	The Restricted Stock Shares or Restricted Stock Units shall be earned and payable in three equal annual installments beginning on the first anniversary of the Grant Date.

  

	 	(ii)	Any unearned Restricted Stock Shares or Restricted Stock Units shall become earned and payable immediately upon the Covered Associate’s death, “Disability” (as
defined under the Stock Plan), Retirement or termination of employment by the Corporation and its Subsidiaries without Cause (including, but not limited to, termination due to workforce reduction, job elimination or divestiture).

  

	 	(iii)	Any unearned Restricted Stock Shares or Restricted Stock Units shall be immediately forfeited as of the employment termination date in the event of either (A) termination of
employment by the Covered Associate’s employer for Cause or (B) termination of employment by the Covered Associate (other than Retirement). 

  

	 	(iv)	Cash dividends on unearned Restricted Stock Shares shall either be payable to the Covered Associate as soon as administratively practicable following the applicable dividend payment
date or shall be accrued and payable as the award becomes earned and payable, as set forth in the applicable award agreement. Restricted Stock Units shall include dividend equivalents providing economic rights substantially similar to cash dividends
on Restricted Stock Shares as set forth in the applicable award agreement. 

  

	 	(f)	For a Covered Associate working inside the United States, if and to the extent Restricted Stock Units become earned and payable, they shall be paid to the Covered Associate by
delivery of one (1) share of Common Stock for each Restricted Stock Unit. For a Covered Associate working outside the United States, if and to the extent Restricted Stock Units become earned and payable, they shall be payable in either shares of
Common Stock or cash as provided in the applicable award agreement. 

  

	 	(g)	 Notwithstanding any provision herein to the contrary, for awards of Restricted Stock Shares or Restricted Stock Units to Covered Associates working outside the
United States, in order to foster and promote achievement of the purposes of the Plan or to comply with provisions of laws in other countries in which Covered Associates covered by the Plan are located, the Plan Administrator shall have the power
and authority to (i) determine which Covered Associates working outside the United States are eligible to participate in the Plan, (ii) modify the terms and 

  

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conditions of awards of Restricted Stock Shares or Restricted Stock Units made to such Covered Associates and (iii) establish subplans and modified terms and
procedures to the extent such actions may be necessary or advisable. 

  

	 	(h)	Notwithstanding any provision herein to the contrary, the Plan Administrator may modify the percentages set forth in the schedules referenced in subparagraph (b) above or modify the
definition of Covered Incentive for a Covered Associate or group of Covered Associates for a given period of time, provided that any such modification that is made after the applicable period of time has commenced will not result in a larger portion
of the Covered Associate’s Covered Incentive being awarded as Restricted Stock Shares or Restricted Stock Units with respect to that period (compared to what would have been awarded as Restricted Stock Shares or Restricted Stock Units without
regard to such modification). 

  

	 	(i)	The Plan Administrator shall determine from time to time if, and to what extent, the portion of a Covered Incentive awarded as Restricted Stock Shares or Restricted Stock Units
under the Plan shall be taken into account under the other benefit plans of the Corporation and its Subsidiaries. 

  

	 	(j)	All awards of Restricted Stock Shares or Restricted Stock Units under the Plan shall be subject to approval by the Compensation Committee of the Board of Directors of the
Corporation to the extent required by the Stock Plan. 

  

	5.	Amendment, Modification and Termination of the Plan: 

  
 The Plan Administrator shall have the right and power at any time and from time to time to amend the Plan in whole or in part and at any time to terminate
the Plan; provided, however, that no such amendment or termination shall adversely affect any award of Restricted Stock Shares or Restricted Stock Units granted before the effective date of such amendment or termination without the
consent of the affected Covered Associate. 
  

	6.	Applicable Law: 

  
 The Plan shall be construed, administered, regulated and governed in all respects under and by the laws of the United States to the extent applicable, and
to the extent such laws are not applicable, by the laws of the state of Delaware. 
  

	7.	Miscellaneous: 

  
 A Covered Associate’s rights and interests under the Plan may not be assigned or transferred by the Covered Associate. Nothing contained herein shall
be deemed to create a trust of any kind or any fiduciary relationship between the Corporation and any Covered Associate. The Plan shall be binding on the Corporation and any successor in interest of the Corporation. 
  

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 IN WITNESS WHEREOF, this instrument has been executed by an authorized officer of the Corporation.

  

			
	 BANK OF AMERICA CORPORATION

		
	By:	 	 /s/ J. Steele Alphin

	 	 	 J. Steele Alphin

	 	 	 Corporate Personnel Executive

  

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 BANK OF AMERICA
CORPORATION 
 EQUITY INCENTIVE PLAN 
  
 SCHEDULE 1 
  
 Principal Amount for Job Bands 1 and 2 
 (including GCIB Associates in Job Bands 1 and 2)
and 
 Asset Management Group Associates 
  
 This Schedule applies to an Associate who, for a Plan Year, is employed in either (i) job band 1 or 2 (including an Associate who is employed by the
Global Corporate and Investment Banking Group in job band 1 or 2) or (ii) the Asset Management Group, and who receives a Covered Incentive award for the Plan Year of at least $100,000. The Principal Amount for such a Covered Associate shall equal
the sum of (A) 10% of the portion of the Covered Incentive that is less than or equal to $250,000, (B) 20% of the portion of the Covered Incentive that is greater than $250,000 but less than $500,000, (C) 30% of the portion of the Covered Incentive
that is greater than or equal to $500,000 but less than $1,000,000, and (D) 35% of the portion of the Covered Incentive that is greater than or equal to $1,000,000. 
  
 BANK OF AMERICA CORPORATION 
 EQUITY INCENTIVE PLAN 
  
 SCHEDULE 2 
  
 Principal Amount for GCIB

  
 The Principal Amount for a Covered Associate who is
employed in the Global Corporate and Investment Banking Group who is not in job band 1 or 2 shall equal the sum of (A) 20% of the portion of the Covered Incentive that is greater than $250,000 but less than $500,000, (B) 30% of the portion of the
Covered Incentive that is greater than or equal to $500,000 but less than $1,000,000, and (C) 35% of the portion of the Covered Incentive that is greater than or equal to $1,000,000. Notwithstanding the foregoing, for a Covered Incentive for a Plan
Year that is greater than $250,000 but less than $275,000, the Principal Amount shall be $5,000. 
  

  
 BANK OF AMERICA
CORPORATION 
 EQUITY INCENTIVE PLAN 
 OFFICER’S CERTIFICATE OF PLAN ADMINISTRATOR 
  
 The undersigned, J. Steele Alphin, the Corporate Personnel Executive of Bank of America Corporation (the “Company”), acting as the “Plan Administrator” of the Bank of America Corporation Equity
Incentive Plan (the “EIP”), hereby certifies, determines and resolves that, pursuant to Section 5 of the EIP, the EIP plan document is amended in accordance with Exhibit A attached hereto. 
  

			
		
	 March 4, 2003
	 	 /s/ J. Steele Alphin

	 	 	 J. Steele Alphin

	 	 	 Corporate Personnel Executive
 Bank of America
Corporation

  

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 EXHIBIT A 

 
 BANK OF AMERICA CORPORATION 
 EQUITY INCENTIVE PLAN 
  
 Amendments 
  
 1. Effective for awards made for performance in 2002 and thereafter, the definition of “Cause” in Section 2 of the EIP is amended to read as
follows: 
  
 “Cause” shall be
defined as that term is defined in a Covered Associate’s offer letter or other applicable employment agreement; or, if there is no such definition, “Cause” means any of the following as determined by the Plan Administrator with
respect to a Covered Associate: (i) an act of fraud or dishonesty committed by the Covered Associate in the course of the Covered Associate’s employment; (ii) a conviction of (or plea of no contest with respect to) a crime constituting a
felony; (iii) failure to perform the Covered Associate’s job function(s), which the Corporation views as being material to the Covered Associate’s position and the overall business of the Corporation and its Subsidiaries under
circumstances where such failure is detrimental to the Corporation or any Subsidiary; (iv) a material breach of any written policy applicable to employees of the Corporation and its Subsidiaries including, but not limited to, the Bank of America
Corporation Code of Ethics and General Policy on Insider Trading; or (v) an unauthorized disclosure of any confidential or proprietary information of the Corporation or its Subsidiaries or commission of any other material violation of the
Corporation’s written policies or signed agreement(s) regarding Confidential and Proprietary Information. 
  
 2. Effective for awards made for performance in 2003 and thereafter, the definition of “Premium Amount” in Section 2 of the EIP is amended to
read as follows: 
  
 “Premium
Amount” means an amount equal to ten percent (10%) of the Principal Amount which is to be awarded as Restricted Stock Shares or Restricted Stock Units as determined under Section 4 below. 
  
 3. Effective for awards made for performance in 2003 and thereafter, the
second sentence of Section 4(b) of the EIP is amended to read as follows: 
  
 The related Premium Amount for the Covered Associate shall equal the Principal Amount times ten percent (10%). 
  

  
 BANK OF AMERICA
CORPORATION 
 EQUITY INCENTIVE PLAN 
 OFFICER’S CERTIFICATE OF PLAN ADMINISTRATOR 
  
 The undersigned, J. Steele Alphin, the Corporate Personnel Executive of Bank of America Corporation (the “Company”), acting as the “Plan Administrator” of the Bank of America Corporation Equity
Incentive Plan (the “EIP”), hereby certifies, determines and resolves that, pursuant to Section 2 of the EIP, “Covered Incentive” for 2004 for any legacy FleetBoston Covered Associate shall be limited to discretionary incentive
awards for 2004 that are made in 2005, and shall therefore not include any incentive compensation awarded and paid during 2004. 
  

					
			
	 October 9, 2004
	 	 	 	 /s/ J. Steele Alphin

	 	 	 	 	 J. Steele Alphin

	 	 	 	 	 Corporate Personnel Executive
 Bank of America Corporation

  

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 BANK OF AMERICA
CORPORATION 
 EQUITY INCENTIVE PLAN 
 OFFICER’S CERTIFICATE OF PLAN ADMINISTRATOR 
  
 The undersigned, J. Steele Alphin, the Corporate Personnel Executive of Bank of America Corporation (the “Company”), acting as the “Plan Administrator” of the Bank of America Corporation Equity
Incentive Plan (the “EIP”), hereby certifies, determines and resolves that, pursuant to Section 5 of the EIP, the EIP plan document is hereby amended as follows: 
  
 Effective for awards made for performance in 2004 and thereafter, the definition of “Retirement” in Section 2 of the EIP is
amended to read as follows: 
  
 “Retirement” means an Associate’s termination of employment with the Corporation and its Subsidiaries (other than due to the Associate’s death or disability but excluding for Cause): 
  

	 	(a)	for an Associate working in the United States or a United States Associate on global assignment, after the Associate has (i) completed at least ten (10) years of “Vesting
Service” under the tax-qualified Pension Plan sponsored by the Corporation in which the Associate participates and (ii) attained a combined age and years of “Vesting Service” equal to at least sixty (60); or 

 

	 	(b)	for an Associate working outside the United States (other than a United States Associate on global assignment), as of the later of (i) the date of the Associate’s eligibility
for retirement under the local program or (ii) attainment of at least age fifty (50).” 

  

					
			
	 December 12, 2004
	 	 	 	 /s/ J. Steele Alphin

	 	 	 	 	 J. Steele Alphin

	 	 	 	 	 Corporate Personnel Executive
 Bank of America Corporation

  

 3FleetBoston Supplemental Executive Retirement Plan

  
 Exhibit 10(r)

  
 FLEET FINANCIAL GROUP, INC. 
  
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
  
 (1996 Restatement) 
  

  
 ARTICLE 1. INTRODUCTION 

 
 1.1 Amendment of Plan. Fleet Financial Group, Inc. hereby amends,
restates and continues the Fleet Financial Group Supplement Executive Retirement Plan, effective as of January 1, 1996. 
  
 1.2 Purpose of Plan. The purpose of the Plan is to facilitate the retirement of select key executive employees by further supplementing the
benefits to which they are entitled under the Fleet Financial Group, Inc. Pension Plan. 
  
 1.3 Status. The Plan is intended to be a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly
compensated employees within the meaning of sections 201(2), 301(a)(3) and 401(a)(1) of the Employees Retirement Income Security Act of 1974 (ERISA), and shall be interpreted and administered accordingly. 
  
 ARTICLE 2. DEFINITIONS 
  
 Unless defined herein, any word, phrase or term used in this Plan shall have the meaning given to it in the Basic Plan.
However, the following terms have the following meanings unless a different meaning is clearly required by the context: 
  
 2.1 “Basic Plan” means The Fleet Financial Group, Inc. Pension Plan, as amended and in effect from time to time. 
  
 2.2 “Beneficiary” means any individual other than the Participant
entitled to receive benefits under the terms of the Basic Plan. 
  
 2.3 “Code” means the Internal Revenue Code of 1986, as amended. 
  

 2.4 “Committee” means the Human Resources and Planning Committee, or any successor committee,
of the Board of Directors of the Company or other person or persons designated to administer the Plan pursuant to Article 6. 
  
 2.5 “Company” means Fleet Financial Group, Inc. 
  
 2.6 “Eligible Employee” means each executive Employee of the Employer who participates in the Basic Plan. 
  
 2.7 “Employer” means the Company and its subsidiaries and
affiliates. 
  
 2.8 “Participant” means any Eligible
Employee selected to participate in the Plan in accordance with Article 3. 
  
 2.9 “Plan” means the Fleet Financial Group, Inc. Supplemental Executive Retirement Plan as set forth herein and in all subsequent amendments hereto. 
  
 ARTICLE 3. PARTICIPATION 
  
 3.1 Selection of Participants. The Chief Executive Officer of the
Company shall select from time to time those Eligible Employees who will be Participants in the Plan. 
  
 3.2 Termination of Participation. The Chief Executive Officer of the Company may terminate a Participant prospectively or retroactively for any
reason. Any such termination of participation will likewise terminate any right of the Participant (and his beneficiaries) to receive any benefit under the Plan. 
  
 ARTICLE 4. SOURCE OF BENEFIT PAYMENTS 
  
 4.1 Obligation of Company. The Company will establish on its books a liability with respect to its obligation for benefits payable under the Plan
to Participants (and their Beneficiaries). Each Participant and Beneficiary will be an unsecured general creditor of the Company with respect to all benefits payable under the Plan. 
  

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 4.2 No Funding Required. Nothing in the Plan will be construed to obligate the Company to fund the
Plan. However, the Company may but shall not be required to establish a trust of which the Company is treated as the owner under Subpart E of Subchapter J, Chapter 1 of the Code (a “grantor trust”) and may deposit funds with the trustee of
the trust sufficient to satisfy the benefits provided under the Plan. If the Company establishes such a grantor trust and, if at the time of a “change of control” as defined in the trust, the trust has not been fully funded, the Company
shall, within the time and manner specified under such trust, deposit in such trust amounts sufficient to satisfy all obligations under the Plan as of the date of deposit. In all events the Company shall remain ultimately liable for the benefits
payable under the Plan, and, to the extent the assets at the disposal of the trustee are insufficient to enable the trustee to satisfy all benefits, the Company shall pay all such benefits necessary to meet its obligations under the Plan.

  
 4.3 No Claim to Specific Benefits. Nothing in the Plan
will be construed to give any individual rights to any specific assets of the Company, or any other person or entity. 
  
 ARTICLE 5. BENEFITS 
  
 5.1 Amount of Benefits. The amount of the benefit payable under the Plan to a Participant (or to the Participant’s Beneficiary, in the event
of the Participant’s death) will be equal to (a) minus (b), but not less than zero, where 
  
 (a) is the amount of the benefit the Participant (or Beneficiary) would have been entitled to receive under the Basic Plan if (i) the term
“Compensation” under the Basic Plan included bonus awards to which the Participant is entitled under the Corporate Executive Incentive Plan or other incentive award program and (ii) the limitations of 

  

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sections 401(a)(17) and 415 of the Code (and provisions of the Basic Plan applying those limitations) did not exist; and 
  
 (b) is the sum of (i) the benefit payable to the Participant
(or Beneficiary) under the Basic Plan and (ii) the benefit payable to the Participant (or Beneficiary) under the Fleet Financial Group, Inc. Restated Retirement Income Assurance Plan, as in effect from time to time. 
  
 5.2 Calculation and Payment of Benefits. Benefits payable under the
Plan shall be calculated in the same manner, paid in the same form, commence at the same time, and paid under the same terms and conditions as the benefits payable to the Participant (or Beneficiary) under the Basic Plan. 
  
 5.3 Death Benefits. In the event of the death of the Participant,
benefits under the Plan will become payable to the Participant’s Beneficiary, under the same terms and conditions specified in the Basic Plan. 
  
 5.4 Effect of Termination of Benefits under the Basic Plan. If for any reason a Participant or Beneficiary is not entitled to receive or ceases to
have the right to receive benefits under the Basic Plan, such Participant or Beneficiary shall also not be entitled to receive and shall cease to have the right to receive benefits under the Plan. 
  
 ARTICLE 6. ADMINISTRATION 
  
 The Plan will be administered by the Committee. The Committee will have full
discretionary authority to interpret the provisions of the Plan and decide all questions and settle all disputes which may arise in connection with the Plan, and may establish its own operative and administrative rules and procedures in connection
therewith, provided such procedures are consistent with the requirements of Section 503 of ERISA and the regulations thereunder. All 

  

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interpretations, decisions and determinations made by the Committee will be binding on all persons concerned. No member of the Committee who is a Participant
in the Plan may vote or otherwise participate in any decision or act with respect to a matter relating solely to himself or herself (or to his or her Beneficiaries). 
  
 The Committee in its sole discretion may delegate certain of its duties and responsibilities to the Corporate Benefits
Director of the Company. For purposes of the Plan, any action taken by the Corporate Benefits Director pursuant to such delegation will be considered to have been taken by the Committee. The Company agrees to indemnify and to defend to the fullest
possible extent permitted by law any member of the Committee and the Corporate Benefits Director (including any person who formerly served as a member of the Committee or as a Corporate Benefits Director) against all liabilities, damages, costs and
expenses (including attorneys’ fees and amounts paid in settlement of any claims approved by the Company) occasioned by any act or omission to act in connection with the Plan, if such act or omission is in good faith. 
  
 ARTICLE 7. AMENDMENT OR TERMINATION OF PLAN 
  
 The Plan may be altered, amended, revoked or terminated in writing by the
Committee or the Company in any manner and at anytime; provided, however, following a “change of control” as defined in the trust referred to under Section 4.2 above, no such alteration, amendment, revocation or termination shall reduce
the amounts of a Participant’s benefit or his or her rights to such benefit as determined under the provisions of the Plan in effect immediately prior to such change of control, or otherwise adversely affect the Participant’s benefits
under the Plan, without the written consent of the Participant; and further provided, however, following a “change of control” as defined in the trust referred to under Section 4.2, the provisions of this Article 7 may not be amended.

  

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 ARTICLE 8. MISCELLANEOUS 
  

8.1 No Assignment or Alienation. None of the benefits, payments, proceeds or claims of any Participant or Beneficiary shall be subject to any
claim of any creditor of the Participant or Beneficiary or to attachment or-garnishment or other legal process by any such creditor; nor shall any Participant or Beneficiary have any right to alienate, anticipate, commute, pledge, encumber or assign
any of the benefits, payments or proceeds which he or she may expect to receive, contingently or otherwise, under the Plan. 
  
 8.2 Limitation of Rights. Neither the establishment of the Plan, nor any amendment thereof, nor the payment of any benefits will be construed as
giving any individual any legal or equitable right against the Company, the Employer, or the Committee. In no event will the Plan be deemed to constitute a contract between any employee and the Company, Employer, or the Committee. This Plan shall
not be deemed to be consideration for, or an inducement for the performance of, services by any employee. 
  
 8.3 Receipt and Release. Any payment under the Plan to any Participant or Beneficiary, or to any individual as described in Section 8.4 shall be in
satisfaction of all claims with respect to benefits under the Plan against the Company, any Employer, and the Committee. 
  
 8.4 Payment for the Benefit of an Incapacitated Individual. If the committee of the Basic Plan determines that payments due to a Participant under
the Basic Plan must be paid to another individual because of a Participant’s incapacitation, benefits under the Plan will be paid to that same individual designated for that purpose under the applicable provisions of the Basic Plan. 

 
 8.5 Governing Law. The Plan will be construed, administered, and
governed under the laws of the State of Rhode Island, to the extent not preempted by federal law. 
  

 6 

 8.6 Severability. If any provision of this Plan is held by a court of competent jurisdiction to be
invalid or unenforceable, the remaining provisions shall continue to be fully effective. 
  
 8.7 Headings and Subheadings. Headings and subheading are inserted for convenience only and are not to be considered in the construction of the provisions of the Plan. 
  
 IN WITNESS WHEREOF, Fleet Financial Group, Inc. has caused this Plan to be
executed by its duly authorized officer this 19th day of June, 1996. 
  

			
	FLEET FINANCIAL GROUP, INC.
		
	By:	 	 /s/ William C. Mutterperl

  

 7 

  
 AMENDMENT ONE

 TO THE 
 FLEET
FINANCIAL GROUP, INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  
 Sections 5.1, 5.2 and 5.3 are amended effective January 1, 1997 to read as follows: 
  
 5.1 Amount of Benefits. The amount of the benefit payable under the Plan to a Participant will be equal to (a) minus (b), but not less than zero, where 
  
 (a) is the amount of the benefit the Participant would have
been entitled to receive under the Basic Plan in the form of a “Single Life Annuity” commencing on his “Annuity Starting Date: if (i) the term “Compensation” under the Basic Plan included bonus awards to which the
Participant is entitled under the Corporate Executive Incentive Plan or other incentive award program, (ii) the limitations of sections 401(a)(17) and 415 of the Code (and provisions of the Basic Plan applying those limitations) did not exist, and
(iii) the Participant were treated under the Basic Plan as a “Participant” who is not a “Cash Balance Participant”; and 
  
 (b) is the sum of (i) the benefit payable to the Participant under the Basic Plan and (ii) the benefit payable to the Participant under
the Fleet Financial Group, Inc. Retirement Income Assurance Plan, as in effect from time to time; provided that the amounts determined in (i) and (ii) shall be expressed in the form of a “Single Life Annuity” commencing on the
Participant’s “Annuity Starting Date” (with such quoted terms having the meaning set forth in the Basic Plan). 
  
 5.2 Calculation and Payment of Benefits. Except with respect to a Participant who is a “Cash Balance Participant” under the Basic
Plan, benefits payable under the Plan shall be calculated in the same manner, paid in the same form, commence at the same time, and paid under the same terms and conditions as the benefits payable to the Participant (or Beneficiary) under the Basic
Plan. A Participant who is a “Cash Balance Participant” under the Basic Plan shall have the right to elect benefits under the Plan under the same terms and conditions (and only under the same terms and conditions), including but not
limited to manner of calculation, form of payment and time of commencement, as the Participant would under the Basic Plan if the Participant were not a “Cash Balance Participant.” 
  
 5.3 Death Benefits. In the event of the death of the
Participant before benefits have commenced, death benefits under the Plan will become payable to the Participant’s Beneficiary under the same terms and conditions as specified in the Basic Plan, determined as if (where applicable) the
Participant were not a “Cash Balance Participant” under the Basic Plan. In the event of the death of the Participant after benefits have commenced, death benefits under the Plan will be payable to the Participant’s Beneficiary in
accordance with the form of distribution elected by the Participant. 
  

 IN WITNESS WHEREOF, this Amendment One has been adopted by the Human Resources and Planning Committee on
the 18th day of June, 1997 and is executed by a duly authorized officer of Fleet Financial Group, Inc. 
  

			
	 FLEET FINANCIAL GROUP, INC.

		
	 By:
	 	 /s/ William C. Mutterperl

	 	 	 William C. Mutterperl

	 	 	 Senior Vice President

  

 2 

  
 AMENDMENT TWO

 TO THE 
 FLEET
FINANCIAL GROUP, INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  
 Sections 5.1 and 52 are amended effective October 15, 1997 to read as follows: 
  
 5.1 Amount of Benefits. The amount of the benefit payable under the Plan to a Participant will be equal to (a) minus (b), but not less than zero, where 
  
 (a) is the amount of benefit the Participant would have been
entitled to receive under the Basic Plan in the form of a “Single Life Annuity” commencing on his “Annuity Starting Date” if (i) under Section 5.1(a)(i) of the Basic Plan, “52.5%” were replaced by “60%”, (ii)
the term “Compensation” under the Basic Plan included bonus awards to which the Participant is entitled under the Corporate Executive Incentive Plan or other incentive award program, (iii) the limitations of sections 401(a)(17) and 415 of
the Code (and the provisions of the Basic Plan applying those limitations) did not exist, and (iv) the Participant were treated under the Basic Plan as a “Participant” who is not a “Cash Balance Participant”; and 
  
 (b) is the sum of (i) the benefit payable to the Participant
under the Basic Plan, and (ii) the benefit payable to the Participant under the Fleet Financial Group, Inc. Retirement Income Assurance Plan, as in effect from time to time; provided that the amounts determined in (i) and (ii) shall be expressed in
the form of a “Single Life Annuity” commencing on the Participant’s “Annuity Starting Date” (with such quoted terms having the meaning set forth in the Basic Plan). 
  
 5.2 Calculation and Payment of Benefits. Except with respect
to a Participant who is a “Cash Balance Participant” under the Basic Plan, benefits payable under the Plan shall be calculated in the same manner, paid in the same form, commence at the same time, and paid under the same terms and
conditions as the benefits payable to the Participant (or Beneficiary) under the Basic Plan. A Participant who is a “Cash Balance Participant” under the Basic Plan shall have the right to elect benefits under the Plan under the same terms
and conditions (and only under the same terms and conditions), including but not limited to manner of calculation, form of payment and time of commencement, as the Participant would under the Basic Plan if the Participant were not a “Cash
Balance Participant.” Except as otherwise provided herein, the rights of a Participant are determined based on the terms of the Plan in effect at the time the Participant terminated employment. 
  

 IN WITNESS WHEREOF, this Amendment Two has been adopted by the Human Resources and Planning Committee on
the 15th day of October, 1997 and is executed by a duly authorized officer of Fleet Financial Group, Inc. 
  

			
	 FLEET FINANCIAL GROUP, INC.

		
	By:	 	 /s/ William C. Mutterperl

	 	 	 William C. Mutterperl
 Executive Vice President, Secretary
     and General Counsel

  

 2 

  
 AMENDMENT THREE 

TO THE 
 FLEET FINANCIAL GROUP, INC.

 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
  

	1.	Section 5.1 is amended effective July 1, 1998 to read as follows: 

  
 5.1 Amount of Benefits. The amount of the benefit payable under the Plan to a Participant will be equal to (a) minus (b), but not less than zero,
where 
  
 (a) is the amount of benefit the
Participant would have been entitled to receive under the Basic Plan in the form of a “Single Life Annuity” commencing on his “Annuity Starting Date” if (i) under Section 5.1(a)(i) of the Basic Plan, “52.5%” were
replaced by “60%”, (ii) the term “Compensation” under the Basic Plan included bonus awards (A) paid to the Participant on or after January 1, 1994 under the Corporate Executive Incentive Plan or other short-term incentive award
program of the Company and (B) paid while the Employee is a Participant in the Plan, (iii) the limitations of sections 401(a)(17) and 415 of the Code (and the provisions of the Basic Plan applying those limitations) did not exist, and (iv) the
Participant were treated under the Basic Plan as a “Participant” who is not a “Cash Balance Participant”, and 
  
 (b) is the sum of (i) the benefit payable to the Participant under the Basic Plan, and (ii) the benefit payable to the Participant under
the Fleet Financial Group, Inc. Retirement Income Assurance Plan, as in effect from time to time; provided that the amounts determined in (i) and (ii) shall be expressed in the form of a “Single Life Annuity” commencing on the
Participant’s “Annuity Starting Date” (with such quoted terms having the meaning set forth in the Basic Plan). 
  

	2.	Section 8.8 is added effective July 1, 1998 to read as follows: 

  
 8.8 Nonduplication of Benefits. The benefits payable to a Participant under this Plan shall be reduced on an Actuarial Equivalent basis by the
benefit such Participant earned under any other nonqualified defined benefit plan, which counts bonuses as part of compensation under the plan formula, and which does not provide for a reduction of benefits under such plan, for benefits payable
under this Plan, to the extent that the benefits under such plan were accrued upon the Participant’s service that was included as Credited Service under this Plan. 
  

	3.	5.5 Effect of Disregard of Service. To the extent that service for a calendar year is not taken into account in determining the amount of benefit under Section 5.1(a), such
year shall also be disregarded for purposes of determining the amount of benefit under Section 5.1(b). 

  

	4.	Appendix A is added to read as follows: 

  
 APPENDIX A 
  
 SPECIAL RULES 
  
 This Appendix A is part of the Plan and contains special rules applicable only to the Participants described herein. If provisions of this Appendix A conflict with any other provisions of the Plan with respect to such
Participants, the provisions of this Appendix A shall govern. 
  

	A.	Provisions Applicable to Named Fleet Executives 

  
 1. Mr. Zucchini: The minutes of the September 14, 1993 meeting of the Executive Compensation Committee of the Company include the following
statement: 
  
 “The Committee approved the crediting of 5
additional years service in 1998 and an additional 5 years of service in 2003 to Michael Zucchini’s, non-qualified retirement plan benefit, based on continuous employment to the years 1998 and 2003, respectively; and the acceleration of the
additional credited service in the event of a change of control.” 
  
 2. Mr. Breitman: Leo Breitman shall become a Participant in this Plan effective January 1, 1997, and bonuses paid to him on or after that date shall be counted as part of his Compensation. Mr. Breitman’s Credited Service shall
be based on an Employment Commencement Date of July 1, 1991. 
  

	B.	Shawmut National Corporation 

  
 1. The Shawmut National Corporation Executive Supplement Retirement Plan (“Shawmut SERP”) terminated effective November 30, 1995. This Section B
of Appendix A shall apply solely to former participants in the Shawmut SERP or the Shawmut National Corporation Excess Benefit Plan (“Shawmut Excess Plan”) who are Participants in this Plan (collectively, “Shawmut Participants”).

  
 2. Unless otherwise provided in this Appendix A or by the
Company in writing, (1) Shawmut Participants shall become Participants in this Plan effective December 1, 1995, (2) the base compensation, but not bonuses, paid by Shawmut National Corporation to Shawmut Participants shall be treated as Compensation
under this Plan, and (3) only the Company service of Shawmut Participants shall be treated as Credited Service under the Plan. 
  
 3. A Participant’s benefit under the Shawmut SERP that is attributable to service that is also treated as Credited Service under this Plan shall be
offset against the benefit otherwise payable under this Plan with respect to such Credited Service. 
  
 4. Mr. Overstrom: For purposes of Section 5.1(a), Mr. Gunnar Overstrom’s Credited Service shall be determined by counting service taken into
account under the Shawmut SERP. Mr. Overstrom’s Employment Contract with the Company has special provisions that must be taken into account in determining his pension benefit under the combination of this Plan and his Employment Contract.

  

 2 

 5. Mr. Eyles: For purposes of Section 5.1(a), Mr. David Eyles’ Credited Service shall be
determined as if he became a Participant on March 2, 1992. For purposes of the offset under Section 8.8, no amount in excess of the age 62 Actuarial Equivalent of Mr. Eyles’ Shawmut SERP benefit shall be taken into account if Mr. Eyles begins
receiving his Plan benefit after age 62. 
  
 6. The liability for
the benefits under the Shawmut SERP of the following former participants, or beneficiary of a former participant, in the Shawmut SERP shall be transferred to this Plan as of the date of termination of the Shawmut SERP. 
  

							
	 Name

	 	 Birth Date

	 	 Payment Form

	 	 Annual Benefit

	 Kalchbrenner, Patricia
	 	01/01/33	 	Single life annuity	 	1,591.44
	 Spencer, Jr. Harry
	 	02/03/25	 	50% J&S	 	1,319.04

  
 IN WITNESS WHEREOF,
this Amendment Three has been adopted by the Human Resources and Planning Committee on the 17th day of June, 1998 and is executed by a duly authorized officer of Fleet Financial Group, Inc. 
  

			
	 FLEET FINANCIAL GROUP, INC.

		
	By:	 	 /s/ William C. Mutterperl

	 	 	 William C. Mutterperl
 Executive Vice President, Secretary
   and General Counsel

  

 3 

  
 AMENDMENT FOUR

 TO THE 
 FLEET
FINANCIAL GROUP, INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  

	1.	Section 3.2 is amended effective August 15, 1999 to read as follows: 

  
 3.2. Termination of Participation. The Chief Executive Officer of the Company may terminate a Participant prospectively for any reason. Any
such termination of participation shall not reduce the benefit accrued by the Participant up to the date of termination. 
  

	2.	Section 5.4 is amended effective August 15, 1999 to read as follows: 

  
 5.4 Vesting. If a Participant or Beneficiary is not entitled to receive a benefit under the Basic Plan because the benefit is not vested,
the Participant or Beneficiary shall also not be entitled to receive benefits under the Plan. 
  

	3.	Section 5.5 is added effective August 15, 1999 to read as follows: 

  
 5.5 Forfeitures. Notwithstanding anything in this Plan to the contrary, any benefits payable to a Participant hereunder may be forfeited,
discontinued or reduced prior to a Change of Control, if the Committee determines, in its discretion, based on the advice and recommendation of management, that (i) the Participant has been convicted of a felony, or (ii) the Participant has failed
to contest a prosecution for a felony, or (iii) the Participant has engaged in willful misconduct or dishonesty, any of which is directly harmful to the business or reputation of the Company. Following a Change of Control, a Participant’s
benefits may be forfeited, discontinued or reduced only if a Participant has been convicted of a felony or has failed to contest a prosecution for a felony. 
  

	4.	Article 7 is amended effective August 15, 1999 to read as follows: 

  
 Article 7. Amendment or Termination of Plan. 
  
 The Plan may be amended or terminated in writing by the Committee or the Company in any manner at any time. Notwithstanding
the previous sentence, no such amendment or termination may reduce the amount of a Participant’s benefit or his distribution rights related thereto as determined under the provisions of the Plan in effect immediately prior to such amendment or
termination, and this second sentence of Article 7 is irrevocable and may not be amended. 
  

 IN WITNESS WHEREOF, this Amendment Four has been adopted by the Human Resources and Planning Committee on
the 15th day of August, 1999 and is executed by a duly authorized officer of Fleet Financial Group, Inc. 
  

			
	 FLEET FINANCIAL GROUP, INC.

		
	By:	 	 /s/ William C. Mutterperl

	 	 	 William C. Mutterperl
 Executive Vice President, Secretary
     and General Counsel

  

 2 

  
 AMENDMENT FIVE TO

 THE 
 FLEET
FINANCIAL GROUP, INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  

	1.	Upon the effective date of the final legal approval of the change in the name of the Company to FleetBoston Financial Corporation, the name “Fleet Financial Group, Inc.”
will be replaced by the name “FleetBoston Financial Corporation” wherever it appears in the Plan. 

  

	2.	Section 8.9 is added effective January 1, 2000 to read as follows: 

  
 8.9 Social Security Tax. Subject to the requirements of Code section 3121(v)(2) and the regulations thereunder, the
Committee has the full discretion and authority to determine when Federal Insurance Contribution Act (“FICA”) taxes on a Participant’s Plan benefit or account are paid and whether any portion of such FICA taxes shall be withheld from
the Participant’s wages or deducted from the Participant’s benefit or account. 
  
 IN WITNESS WHEREOF, this Amendment Five is executed by a duly authorized officer of Fleet Boston Corporation. 
  

			
	 FLEET BOSTON CORPORATION

		
	By:	 	 /s/ William C. Mutterperl

	 	 	 William C. Mutterperl
 Executive Vice President, Secretary
     and General Counsel

  

  
 AMENDMENT SIX

 TO THE 
 FLEET
FINANCIAL GROUP, INC. 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement), AS AMENDED 
  
 WHEREAS, the Human Resources and Board Governance Committee of the Board of Directors of FleetBoston Financial Corporation has determined that it is desirable to amend The FleetBoston Financial Corporation
Supplemental Executive Retirement Plan (1996 Restatement), as amended (the “Plan”), as permitted by Article 7 of the Plan. 
  
 NOW THEREFORE, the Plan is hereby amended as follows, effective as of the date hereof: 
  
 The following item 3 is hereby added after item 2 (“Mr. Breitman”) of Section A of Appendix A: 
  
 3. Mr. Terrence Murray. Mr. Murray shall be entitled to receive a
retirement benefit (the “Retirement Benefit”) determined under the Plan, subject to the following: 
  

	 	•	 	Notwithstanding anything to the contrary in the Plan, including section 5.1(a)(ii) of the Plan, the term “Average Annual Compensation” under the Basic Plan shall be
defined as the average of the highest three years’ Form W-2, Box I compensation for the 1996 to 2000 calendar years, plus any amounts of compensation deferred by the Participant under the Company’s deferred compensation plans for such
years that would have been includible in the Participant’s gross income for Federal income tax purposes for such years but for such deferral. 

  

	 	•	 	 Notwithstanding anything in the Plan to the contrary, fifty-five percent (55%) to sixty-five percent (65%), as elected by Mr. Murray at retirement, of the value
(based on the 1983 Group Annuity Mortality Table for Males and the interest rate used for lump sum calculation purposes described in the next sentence) of the Retirement Benefit will be payable in the form of a 100% Qualified Joint and Survivor
Annuity. The remaining portion of the value of the Retirement Benefit will be payable as a twenty-year certain only payment (the “Twenty-Year Certain Only Portion”) commencing at such time as elected by Mr. Murray at least twelve months
prior to retirement, with remaining payments, if Mr. Murray should die before receiving the twenty payments, payable for the remainder of the 20-year period to the beneficiary or beneficiaries designated by Mr. Murray during his lifetime, provided
that if at the time of Mr. Murray’s death no beneficiary shall have been designated by Mr. Murray or all such beneficiaries shall have died within the 20-year period, the unpaid amounts of the Twenty-Year Certain Only Portion shall be paid to
The Murray Family Charitable Foundation. Notwithstanding the foregoing, if Mr. Murray makes a written election at least twelve months prior to retirement (the “First Election”), the Twenty-Year Certain Only Portion will be payable at such
time or times on or after retirement as so 

  

	 	 
elected, either in a single lump sum or in up to eighteen annual payments, with the remainder payable as a lump sum, with any such lump sum payments
calculated using the interest rate that would be used at the relevant time pursuant to the rules of section 1.2(1) of the Basic Plan (as in effect on September 21, 2001) for an “Actuarial Equivalent” lump sum (the “GATT Rate”),
plus 150 basis points; provided, however, that, at Mr. Murray’s sole election, no less than twelve months prior to the previously elected payment date for a lump sum in accordance with the First Election (or to the extent
applicable, any Subsequent Election), Mr. Murray may elect to change such payment date (a “Subsequent Election”) to a date not less than twelve months after the lump sum payment date Mr. Murray originally elected in his First Election (or
the to extent applicable, any Subsequent Election); provided, further, that, notwithstanding the payment date elected in the First Election or a Subsequent Election, in the event the GATT Rate, as published for the month prior to the
month in which his lump sum is to be paid (whether pursuant to a First Election or a Subsequent Election), is greater than six and three quarters percent (6-3/4%) (the “Threshold Rate”), then the lump sum shall not be paid, and Mr. Murray
shall continue to receive annual payments with respect to the Twenty-Year Certain Only Portion, however, Mr. Murray shall receive the lump sum on the date that is twelve months following the date Mr. Murray previously elected pursuant to his most
recent election on file (whether pursuant to a First Election or a Subsequent Election), if the GATT Rate is below the Threshold Rate; provided, further, that, without regard to whether the Threshold Rate exceeds the GATT Rate, Mr.
Murray will be paid the remaining portion of the Twenty-Year Certain Only Portion in a lump sum on the second anniversary of the date that Mr. Murray elected in his most recent election on file (whether pursuant to a First Election or a Subsequent
Election), unless Mr. Murray elects to change such payment date by making a Subsequent Election no less than twelve months prior to such payment date. If Mr. Murray should die before receiving the entire Twenty-Year Certain Only Portion, the right
to make Subsequent Elections shall inure to the benefit of his designated beneficiary. 

  
 IN WITNESS WHEREOF, this Amendment Six is adopted pursuant to the authority of the Committee and is executed by a duly authorized officer of the Company
on the 10th day of October, 2001. 
  

			
	 FLEETBOSTON FINANCIAL CORPORATION

		
	By:	 	 /s/ William C. Mutterperl

	 Name:
	 	 William C. Mutterperl

	 Title:
	 	 Executive Vice President, Secretary and General Counsel

  

 2 

  
 AMENDMENT SEVEN

 TO THE FLEETBOSTON FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  
 WHEREAS, the Human Resources and Board Governance Committee of the Board of
Directors of FleetBoston Financial Corporation has determined that it is desirable to amend the FleetBoston Financial Corporation Supplemental Executive Retirement Plan (1996 Restatement), as amended (the “Plan”), as permitted by Article 7
of the Plan. 
  
 NOW THEREFORE, the Plan is hereby amended
effective immediately as follows: 
  

	1.	Section 5.1(a) of the Plan is amended to read as follows: 

  
 (a) is the amount of benefit the Participant would have been entitled to receive under the Basic Plan in the form of a “Single Life
Annuity” commencing on his “Annuity Starting Date” if: 
  
 (i) under Section 5.1(a)(i) of the Basic Plan, “52.5%” were replaced by “60%”, 
  
 (ii) for Plan Years beginning on or after January 1, 2002, the term “Compensation” under the Basic Plan included the value, as
determined by the Committee, of bonus awards (whether in the form of cash or an equity-type interest in the Company or both) paid to the Participant after December 31, 2001, while an Employee participating in the Plan, under the Management Incentive
Plan and, to the extent determined by the Committee, other short-term incentive award programs of the Company, 
  
 (iii) for Plan years beginning before January 1, 2002, the term “Compensation” under the Basic Plan included bonus awards (A)
paid to the Participant on or after January 1, 1994 under the Corporate Executive Incentive Plan or other short-term incentive award program of the Company and (B) paid while the Employee is a Participant in the Plan, 
  
 (iv) the limitations of sections 401(a)(17) and 415 of the
Code (and the provisions of the Basic Plan applying those limitations) did not exist, and 
  
 (v) the Participant were treated under the Basic Plan as a “Participant” who is not a “Cash Balance Participant”, and

  

	2.	Section 5.5 of the Plan is amended in its entirety, to read as follows: 

  
 Forfeitures. Notwithstanding anything in this Plan to the contrary, any benefits payable to a Participant hereunder may be forfeited, discontinued
or reduced prior to a Change of Control, if the Committee determines, in its discretion, based on the advice and recommendation of management, that 
  

	 	(a)	the Participant has been convicted of a felony involving felonious intent, as opposed to negligent or reckless conduct, 

  

	 	(b)	the Participant has failed to contest a prosecution for a felony described in subsection (a), or 

  

	 	(c)	the Participant has engaged in willful misconduct or dishonesty, 

  
 any of which ((a),(b) or (c), as applicable) is directly harmful to the business or reputation of the Company. Following a Change of Control, a
Participant’s benefits may be forfeited, discontinued or reduced only if a Participant has been convicted of a felony or has failed to contest a prosecution for a felony as described in subsections (a) or (b) above. 
  
 IN WITNESS WHEREOF, this Amendment Seven has been adopted by the Human
Resources and Planning Committee on the 19th day of February, 2002, and is executed by a duly authorized officer of FleetBoston Financial Corporation. 
  

			
	 FLEETBOSTON FINANCIAL CORPORATION

		
	By:	 	 /s/ Gary A. Speiss

	 	 	 Gary A. Speiss

	 	 	 Executive Vice President, Secretary
 and General Counsel

  

 2 

  
 AMENDMENT EIGHT

 TO THE FLEETBOSTON FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  
 WHEREAS, the Human Resources Committee of the Board of Directors of
FleetBoston Financial Corporation has determined that it is desirable to amend the FleetBoston Financial Corporation Supplemental Executive Retirement Plan (1996 Restatement), as amended (the “Plan”), as permitted by Article 7 of the Plan.

  
 NOW THEREFORE, the Plan is hereby amended effective
immediately as follows: 
  

	1.	Appendix A is hereby amended to add the following new Sub-section 3 at the end of Section A: 

  
 3. Consistent with the actions taken by the Human Resources Committee at their meeting held on October 15, 2002, Anne
Finucane shall become a participant in the Plan on January 1, 2003. For purposes of calculating her retirement benefit under the Plan, if Ms. Finucane remains continuously employed through January 1, 2008, or if her employment is terminated by the
Company without “cause” or if she terminates her employment for “good reason” following a “change in control” of the Company, Ms. Finucane will receive 2 years of Credited Service for each year of actual service since
January 1, 2003, such practice to continue until she is credited with a maximum of thirty (30) years of Credited Service. The terms “cause” and “good reason” shall be defined as such terms are defined in her change of control
agreement with the Company. 
  
 IN WITNESS’ WHEREOF, this
Amendment Eight has been adopted by the Human Resources Committee on the 15th day of October, 2002 and is executed by a duly authorized officer of FleetBoston Financial Corporation. 
  

			
	 FLEETBOSTON FINANCIAL CORPORATION

		
	By:	 	 /s/ M. Anne Szostak

	 	 	 M. Anne Szostak

	 	 	 Executive Vice President and
 Director of Human Resources

  

  
 AMENDMENT NINE

  
 TO 
  
 THE FLEETBOSTON FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  
 Section 8.1 of the Plan is
amended effective January 1, 2003, to read as follows: 
  

	 	8.1	Assignment or Alienation. 

  
 (a) Except as provided in Section 8.1(b) or as otherwise required by law, the interest hereunder of any Participant or Beneficiary shall not be alienable
by the Participant or Beneficiary by assignment or any other method and will not be subject to be taken by his creditors by any process whatsoever, and any attempt to cause such interest to be so subjected shall not be recognized. 
  
 (b) All or a portion of a Participant’s benefit under the Plan may be
paid to another person as specified in a “Qualified Domestic Relations Order.” For this purpose, a “Qualified Domestic Relations Order” means a judgment, decree, or order (including the approval of a settlement agreement) which
is: 
  
 (i) issued pursuant to a State’s
domestic relations law; 
  
 (ii) relates to the
provision of child support, alimony payments or marital property rights to a spouse, former spouse, child or other dependent of the Participant; 
  
 (iii) creates or recognizes the right of a spouse, former spouse, child or other dependent of the Participant to receive all or a portion
of the Participant’s benefits under the Plan; and 
  
 (iv) meets such other requirements established by the Committee. 
  
 (c) The Committee shall determine whether any document received by it is a Qualified Domestic Relations Order. In making this determination, the Committee may consider: 
  
 (i) the rules applicable to “domestic relations
orders” under section 414(p) of the Code and section 206(d) of ERISA; 
  
 (ii) the procedures used under the Basic Plan to determine the qualified status of domestic relations orders; and 
  
 (iii) such other rules and procedures as it deems relevant. 
  

 IN WITNESS WHEREOF, this Amendment Nine was adopted by the Human Resources Committee at its June 17, 2003
meeting and is executed by a duly authorized officer of FleetBoston Financial Corporation. 
  

			
	FLEETBOSTON FINANCIAL CORPORATION
		
	By:	 	 /s/ M. Anne Szostak

	 	 	 M. Anne Szostak

	 	 	 Executive Vice President and
 Director of Human Resources

  

 2 

  
 AMENDMENT TEN

 TO THE FLEETBOSTON FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  
 WHEREAS, the Human Resources Committee of the Board of Directors of
FleetBoston Financial Corporation has determined that it is desirable to amend the FleetBoston Financial Corporation Supplemental Executive Retirement Plan (1996 Restatement), as amended (the “Plan”), as permitted by Article 7 of the Plan.

  
 NOW THEREFORE, the Plan is hereby amended effective
immediately as follows: 
  
 1. Appendix A is hereby amended to add the following
new Sub-section 4 at the end of Section A: 
  

	 	4.	Consistent with the actions taken by the Human Resources Committee at its meeting held on October 21, 2003, Eugene McQuade will receive an additional year of Credited Service for
each year of actual service beginning on or after January 1, 2003, for purposes of calculating his retirement benefit under the Plan; provided, however, that the additional service credit provided to Mr. McQuade under this Appendix A shall not be
taken into account for purposes of the additional years of service credit provided under Mr. McQuade’s change in control agreement with the Company (i.e., the three year SERP service credit under his change in control agreement when read with
this Appendix A to the SERP shall only entitle him to three additional years of service credit, not six additional years). 

  
 IN WITNESS WHEREOF, this Amendment Ten has been adopted by the Human Resources Committee on the 21st day of October 2003 and is executed by a duly
authorized officer of FleetBoston Financial Corporation. 
  

			
	 FLEETBOSTON FINANCIAL CORPORATION

		
	By:	 	 /s/ M. Anne Szostak

	 	 	 M. Anne Szostak

	 	 	 Executive Vice President, Director of Human
 Resources
and Diversity

  

  
 AMENDMENT ELEVEN

 TO THE FLEETBOSTON FINANCIAL CORPORATION 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 (1996 Restatement) 
  
 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 
  
 By this Instrument the Company is amending the FleetBoston Financial Corporation Supplemental Executive Retirement Plan (the “Plan”) (i) to reflect the merger of FleetBoston Financial Corporation with the
Company and (ii) to reflect the impact of Tax Code section 409A. At all times, the Company has reserved the right to amend the Plan in whole or in part. 
  
 NOW, THEREFORE, the Company hereby amends the Plan effective as of midnight on December 31, 2004 as follows: 
  
 1. Section 1.1 is amended to read as follows: 
  
 “1.1 Amendment of Plan. FleetBoston Financial Corporation hereby
amends, restates and continues the FleetBoston Financial Corporation Supplemental Executive Retirement Plan (the “Plan”) effective as of January 1, 1996. Effective as of April 1, 2004, Bank of America Corporation (the “Company”)
acquired FleetBoston Financial Corporation and succeeded to sponsorship of the Plan.” 
  
 2. Section 2.5 is amended to read as follows: 
  
 “2.5 “Company” means Bank of America Corporation or, where the context so requires, its predecessor or predecessors or its successor or successors. For purposes of this Plan, immediately prior to April
1, 2004, FleetBoston Financial Corporation was the predecessor to the Bank of America Corporation.” 
  
 3. A new Section 8.9 is added to read as follows: 
  
 “8.9 Compliance with Code Section 409A. The Plan is intended to comply with Code section 409A, and official guidance issued thereunder, with
respect to amounts deferred under the Plan after 2004. Further, the Plan is intended to be operated and administered in a manner (i) that will not constitute a “material modification” of the Plan for purposes of the effective date
provisions of Code section 409A or (ii) that would otherwise cause amounts deferred prior to 2005 to become subject to the requirements of Code section 409A. Notwithstanding any provision of the Plan to the contrary, the Plan shall be interpreted,
operated, and administered consistent with this intent” 
  

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

  
 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 17th day of December,
2004. 
  

			
	BANK OF AMERICA CORPORATION
		
	By:	 	 /s/ J. Steele Alphin

	 	 	 J. Steele Alphin, Corporate Personnel Executive

  

 2

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