Document:

Amended and Restated Post 2006 Supplemental Executive Retirement Plan

 EXHIBIT 10.62 
 REGIONS FINANCIAL CORPORATION 
 POST 2006 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 Regions Financial Corporation, successor to AmSouth Bancorporation, with its principal offices located at Birmingham, Alabama (“Sponsor”), is
currently the sponsor of the Regions Financial Corporation Post 2006 Supplemental Retirement Plan (“Supplemental Plan”). The purpose of this amendment and restatement is to comply with Section 409A of the Internal Revenue Code of
1986, as amended (“Code”) and is made and executed to be effective as of January 1, 2005. 
 Effective January 1, 1983
and pursuant to Section 3(36) of the Employee Retirement Income Security Act of 1974 (“ERISA”), AmSouth Bank N.A., an Employer under the AmSouth Bancorporation Retirement Plan (“Retirement Plan”), adopted a supplemental
retirement benefit program solely for the purpose of providing benefits in excess of the limitations on benefits under the Retirement Plan imposed by Section 415 (“Section 415”) of the Internal Revenue Code of 1954, as amended and
known as the Internal Revenue Code of 1986, as amended from time to time (the “Code”), to certain individuals under the Retirement Plan whose benefits under the Retirement Plan are limited by Section 415. 
 Effective January 1, 1989, Section 401(a)(17) (“Section 401(a)(17)”) of the Code limited the amount of compensation which may be
taken into account in determining benefits from the Retirement Plan. Therefore, AmSouth Bank N.A. amended and restated this supplemental retirement plan effective January 1, 1989, so that it provided benefits in excess of the limitations on
benefits under the Retirement Plan imposed not only by Section 415, but also by Section 401(a)(17), to a select group of management or highly compensated employees whose benefits under the Retirement Plan are limited by Section 415
and/or Section 401(a)(17). 
 Effective January 1, 1991, additional persons were added to this select group of management or highly
compensated employees, some of whom were employees of subsidiaries of the Sponsor other than AmSouth Bank N.A. AmSouth Bank N.A. amended and restated its supplemental plan, AmSouth Bancorporation adopted the supplemental plan for itself and its
subsidiaries who choose to have their eligible employees covered by the supplemental plan (“Electing Employers”), and AmSouth Bank N.A. became an Electing Employer under the supplemental plan. 
 Effective January 1, 1994, additional persons were added to the select group of management or highly compensated employees. 
 Effective January 1, 1995, the eligibility provisions of the plan were changed and a revised definition of compensation was added to the plan for
certain participants. 
 Effective January 1, 2001, the First American Corporation Supplemental Executive Retirement Program (the
“FAC Program”) was merged with and into this supplemental plan to coincide with the merger of the First American Corporation Master Retirement Plan with and into the AmSouth Bancorporation Retirement Plan effective January 1, 2001.

 Effective May 24, 2001, the Plan was amended and restated, and the Plan was subsequently amended to
clarify the claims procedures and to provide pre-retirement survivor benefits for certain Participants with regard to their accrued benefit from the FAC Program. 
 Effective November 1, 2006, the Supplemental Plan was amended to freeze participation by new Participants and rehired employees and to address the calculation of benefits of those Participants who transfer
employment to Morgan Keegan in connection with the merger of AmSouth Bancorporation into the Sponsor. 
 Effective January 1, 2008, the
Supplemental Plan was amended to reflect the actuarial assumptions used to determine benefits under the optional forms of benefit. 
 The
Sponsor hereby amends and restates the provisions of this Supplemental Plan regarding compliance with Code Section 409A and the regulations thereunder effective as of January 1, 2005, (or such other date as required for compliance with
Code Section 409A). 
 ARTICLE I 
 TITLE; DEFINITIONS 
 Section 1.01. The term “Average Monthly Earnings” shall mean, for a Participant
who retires or has a Termination of Employment on or after January 1, 2004, the result obtained by dividing the Participant’s Monthly Earnings paid by an Employer during the three (3) highest consecutive Plan Years of earnings out of
the ten (10) Plan Years immediately preceding the Participant’s Early Retirement Date, Normal Retirement Date, or date of calculation of Accrued Benefits, as the case may be, by thirty-six (36). If a Participant has fewer than three
(3) Plan Years of earnings after applying the Break in Service rules of Section 4.07 of the Regions Financial Corporation Retirement Plan (“Retirement Plan”), if applicable, all of his or her Plan Years of earnings (less than
three (3)) will be used and the divisor will be twelve (12) times the total number of such Plan Years. 
 Section 1.02.
The term “Committee” shall mean the Regions Benefits Management Committee. 
 Section 1.03. The term “Compensation
Committee” shall mean the Compensation Committee of the Board of Directors of the Sponsor. 
 Section 1.04. The term
“Credited Service” shall have the same meaning as defined in the Retirement Plan, but subject to a service cap of 35 years. 
 Section 1.05. The term “Disability” shall mean that a Participant is “disabled” within the meaning of Section 409A(a)(2)(c) of the Code. 
  

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 Section 1.06. The term “Early Retirement” shall mean Termination of Employment at
(i) age 55 for a Participant eligible to receive a Supplemental Benefit and (ii) age 60 for a designated Participant eligible to receive an Enhanced Benefit and (iii) age 62 for specified Participants eligible to receive an Enhanced
Benefit but not eligible for the age 60 Early Retirement and (iv) such other age as may be otherwise provided for Participants under the Retirement Plan. 
 Section 1.07. Effective on and after January 1, 2009, the term “Monthly
Earnings” shall mean the sum of (i) the Participant’s regular monthly base salary prior to the effect of elections under (A) any plan or plans maintained by the Sponsor, an Electing Employer or any of their affiliates which are
within the scope of Sections 125, 132(f) or 401(k) of the Code and (B) any “non-qualified deferred compensation plan” within the meaning of Section 409A of the Code, and (ii) one-twelfth of any bonus earned by a Participant
for the particular Plan Year (whether paid in the Plan Year or within 2  1/2 month following the end of the Plan Year) under the
Sponsor’s or any Electing Employer’s regular annual incentive plan(s) prior to the effect of elections under (A) and (B) above. Bonus will not include any one-time spot or other special or long-term bonus compensation. If a
Participant retires, dies or experiences a Disability prior to the time when the amount of the bonus for the Plan Year has been determined, Monthly Earnings for the months in such Plan Year shall be calculated using an estimate of such bonus
determined by the Committee or Compensation Committee, as appropriate, based on information regarding the Sponsor’s and Participant’s performance as of the date of determination. 
 Prior to January 1, 2009, the term “Monthly Earnings” shall mean the sum of
(i) the Participant’s regular monthly base salary prior to the effect of elections under any plan or plans maintained by the Sponsor, an Electing Employer or any of their affiliates which are within the scope of Sections 125 or 401(k) of
the Code and (ii) one-twelfth of any bonus earned by a Participant for the particular Plan Year (whether paid in the Plan Year or within 2  1/2 months following the end of the Plan Year) under the Sponsor’s or any Electing Employer’s regular annual incentive plan(s) prior to the effect of elections under (i) above. Bonus will not include any
one-time spot or other special or long-term bonus compensation. If a Participant retires, dies or experiences a Disability prior to the time when the amount of the bonus for the Plan Year has been determined, Monthly Earnings for the months in such
Plan Year shall be calculated using an estimate of such bonus determined by the Committee or Compensation Committee, as appropriate, based on information regarding the Sponsor’s and Participant’s performance as of the date of
determination. 
 Section 1.08. The term “Participant” shall refer to a person who is a participant in the
Supplemental Plan. 
 Section 1.09. The term “Plan Year” shall mean a calendar year. 
  

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 Section 1.10. The term “Specified Employee” shall have the meaning set forth in
Internal Revenue Code Section 409A and shall be determined in accordance with the Sponsor’s general policy for determining specified employees, as such policy may be amended from time to time. 
 Section 1.11. The term “Supplemental Plan” shall mean the supplemental retirement plan set forth below, known as the Regions
Financial Corporation Post 2006 Supplemental Executive Retirement Plan. 
 Section 1.12. The term “Termination of
Employment” shall mean separation from service as set forth in Code Section 409A and shall be determined in accordance with the Sponsor’s general policy for determining separation from service, as such policy may be amended from time
to time. 
 Section 1.13. The term “Years of Service” shall have the same meaning as under the Retirement Plan.

 ARTICLE II 
 PARTICIPATION
IN THE SUPPLEMENTAL PLAN 
 Section 2.01. Participation. (a) A select group of management or highly compensated
Participants who are selected to participate in this Supplemental Plan shall be participants in the Supplemental Plan. The term “Participant” shall include persons who are selected to participate in this Supplemental Plan and fit one or
more of the following categories: (i) Participants who were employed by AmSouth Bancorporation or one of the Electing Employers on January 1, 1995, at an annual base salary, including amounts not currently includible in gross income under
Code Sections 125, 401(k) or 402(a)(8), but excluding special pay, bonuses, commissions or other incentive pay, reimbursement for expenses, special supplements for automobiles or club dues, and the Prior Profit Sharing Plan Bonus (such compensation
being referred to herein as the “Eligibility Compensation”) on such date of $150,000 or more; (ii) former Participants with an accrued Supplemental Benefit whose employment with AmSouth Bancorporation or one of the Electing Employers
terminated on or before January 1, 1995; (iii) after January 1, 1995 and prior to July 1, 2004, other employees of the Sponsor or an Electing Employer who became Participants in this Supplemental Plan as of the first day of the
month immediately following the date such employee’s Eligibility Compensation first equaled or exceeded $150,000 and such employees were selected to participate in this Supplemental Plan; (iv) employees who were in the FAC Program as of
December 31, 2000; (v) effective from July 1, 2004 through October 31, 2006, employees of AmSouth who became Participants in this Supplemental Plan on the January 1 coinciding with or next following the occurrence of all
three of the following eligibility criteria: (1) eligibility for entry into the Retirement Plan, (2) each such employee’s Eligibility Compensation equals or exceeds $175,000, and (3) each such employee is selected to participate
in this Plan; and (vi) any employee of AmSouth, the Sponsor or an Electing Employer whose Compensation equaled or exceeded $150,000, but did not equal or 

  

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exceed $175,000 on July 1, 2004 or thereafter through October 31, 2006 became a participant in this Plan on the January 1 coinciding with or
next following the occurrence of all three of the following eligibility criteria: (i) eligibility for entry into the Retirement Plan, (ii) such employee’s Eligibility Compensation equals or exceeds $150,000, and (iii) such
employee is selected to participate in this Plan. A complete list of Participants eligible to participate in the Supplemental Plan and the type of benefits they are entitled to receive shall be maintained in the permanent records of the Regions
Human Resources Division. 
 (b) Effective November 1, 2006, this Supplemental Plan was frozen so that no employees or rehired former
employees became Participants from such date unless selected to participate by the Compensation Committee (or its delegee) or unless such participant otherwise met the eligibility requirements for participation as of January 1, 2007. Such
additional Participants shall be entitled to receive a regular Supplemental Plan benefit or an Enhanced Benefit (within the meaning of Section 3.01 below), or the greater of the two, as determined by the Compensation Committee (or its delegee)
when such participation is authorized by the Compensation Committee (or its delegee). Effective November 4, 2006, Participants in this Supplemental Plan who transferred employment to Morgan Keegan on or prior to December 31, 2008, in
connection with the merger of AmSouth Bancorporation into the Sponsor, shall continue to accrue benefits under this Supplemental Plan on and after the date of the transfer to Morgan Keegan. For such Participants transferring on or before
December 31, 2008, service with Morgan Keegan shall count for benefit accrual and vesting purposes under this Supplemental Plan; however compensation, including but not limited to Average Monthly Earnings and Monthly Earnings, shall be frozen
as of the date of such transfer. In the event a Participant in this Supplemental Plan transfers employment to Morgan Keegan on or after January 1, 2009, benefit accrual and credit for vesting in this Supplemental Plan shall cease as of the date
of such transfer. 
 Section 2.02. 2008 Termination Election. A Participant who was actively employed on December 1,
2008, and who has not yet received or commenced receiving a benefit under this Supplemental Plan may elect, no later than December 31, 2008, to cease accruing benefits under the Supplemental Plan and to terminate his or her participation in the
Supplemental Plan, effective December 31, 2008, and to receive a lump sum cash payment of his or her accrued Supplemental Benefit or Enhanced Benefit, if applicable, as soon as practicable after January 1, 2009, but in no event later than
March 15, 2009. 
  

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 ARTICLE III 
 BENEFITS UNDER THE SUPPLEMENTAL PLAN 
 Section 3.01. Supplemental Benefits and
Enhanced Benefits 
 (a) Supplemental Benefits and Enhanced Benefits 
 1. Supplemental Benefits. Benefits payable under this Supplemental Plan to or on behalf of a Participant who retires, has a Termination of
Employment, dies, suffers a Disability or has a Termination of Employment within two years after a Change in Control on or after January 1, 2004 shall be equal to the excess, if any, of (A) less (B) (the “Supplemental
Benefits”) where (A) is such Participant’s benefits as a participant in the Retirement Plan calculated without reference to any provision of the Retirement Plan limiting the amount of benefits as provided by Section 415 of the
Code; without limiting the amount of compensation taken into account as provided by Section 401(a)(17) of the Code; by substituting the definitions of “Monthly Earnings” and “Average Monthly Earnings” under this Supplemental
Plan in place of the definition of each such term in the Retirement Plan; and by using a service cap of 35 Years of Credited Service; and (B) is the amount of benefits accrued under the Retirement Plan as of the date of benefit commencement
under the Supplemental Plan, in each case, calculated as if the Participant elected a lump sum benefit payable on the date of benefit commencement under this Supplemental Plan. Lump sum benefits payable because of the death of the Participant shall
be calculated using the present value of the benefit due the survivor. 
 Any benefit reductions required shall be calculated using the
reduction factors in the Retirement Plan at the time of benefit commencement under the Supplemental Plan. 
 2. Enhanced Benefit.
Designated Participants who are selected by the Compensation Committee (or its delegee) shall receive the greater of (i) his or her Supplemental Benefits calculated pursuant to Section 3.01(a), or (ii) if eligible as provided under
Section 3.01(c) below, an enhanced benefit based on a targeted formula for benefit accrual (“Enhanced Benefit”) calculated as the excess, if any, of (A) less (B), where (A) is a targeted sum of 4.0% of “Average Monthly
Earnings” times Credited Service up to 10 years of Credited Service, plus 1.0% of Average Monthly Earnings times each year of Credited Service over 10 up to a combined total of 35 Years of Credited Service; and (B) is the sum of the
Participant’s (1) monthly benefits accrued under the Retirement Plan as of the date of benefit commencement under the Supplemental Plan expressed as a single-life annuity, regardless of the form of payment actually elected under the
Retirement Plan, and (2) estimated Social Security monthly benefit amount payable at age 65 (calculated using Social Security law in the Participant’s year of Termination of Employment and assuming zero future pay to age 65). Some
Participants may be eligible for the Enhanced Benefit, but not the greater of the Supplemental Benefit or the Enhanced Benefit. A list of Participants and the type of benefits they are entitled to receive shall be maintained in the permanent records
of the Regions Human Resources Division. 
  

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 3. The actual targeted benefit under the Enhanced Benefit is illustrated as follows: 
  

				
	 Years of Credited Service
	  	Targeted Benefit	 
	 10
	  	40	%
	 20
	  	50	%
	 30
	  	60	%
	 35
	  	65	%

 For Participants with a DAAB (as defined in the Retirement Plan) the targeted formula in
(A) above will equal (i) plus (ii) where: (i) represents the DAAB and (ii) represents the targeted formula using only post-merger Credited Service. Post-merger Credited Service is limited to 35 years minus years of Credited
Service used in determining the DAAB. In no event will this amount be less than the amount calculated under the targeted formula in (A) above based on post-merger Credited Service limited to 35 years. 
 Any benefit reductions required shall be calculated using the reduction factors in the Retirement Plan at the time of benefit commencement under the
Supplemental Plan. 
 (b) Eligibility to Receive Supplemental Benefit and Enhanced Benefit 
 1. Eligibility to Receive Supplemental Benefit. A Participant must meet the eligibility requirements in Article II and participate in the
Supplemental Plan to receive a Supplemental Benefit. 
 2. Eligibility to Receive Enhanced Benefit. Except as provided herein, a
Participant must attain age 60 with at least 10 Years of Service while actively employed and while eligible to participate in this Supplemental Plan to be eligible to receive an Enhanced Benefit; provided, however, that in the event of a
Participant’s death or Disability while actively employed, the Participant will be eligible to receive an Enhanced Benefit based on service through his or her date of death or Disability regardless of age or Years of Service. Notwithstanding
the foregoing, in the event of a Change in Control resulting in a Participant’s Termination of Employment within 2 years following the Change in Control, the Participant will be eligible to receive an Enhanced Benefit based on service through
his or her date of Termination of Employment regardless of age or Years of Service. Otherwise, if a Participant has a Termination of Employment or ceases participation in this Plan prior to attaining age 60 for certain designated Participants and
age 62 for other specified Participants and completing 10 Years of Service, the Participant will not be entitled to receive an Enhanced Benefit. 

  

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Notwithstanding the foregoing requirements of this paragraph, solely for purposes of determining a Participant’s eligibility for an Enhanced Benefit,
the Committee has the discretion to count a Participant’s years of service with an entity acquired by Sponsor or an affiliate thereof in determining whether a Participant has completed 10 Years of Service to be eligible to receive an Enhanced
Benefit. 
 (c) Calculation of Enhanced Benefits in the Event of Disability or Change in Control for Certain Participants 

1. In the event a Participant who is eligible to receive an Enhanced Benefit suffers a Disability prior to attaining age 60 and completing 10 Years of
Service or there is a Change in Control resulting in a Participant’s Termination of Employment within 2 years following the Change in Control prior to the date such Participant attains age 60 and completes 10 Years of Service, the Participant
shall receive his or her Enhanced Benefit, or if applicable, the greater of (i) his or her Supplemental Benefits calculated as provided above under Section 3.01(a) and (ii) an Enhanced Benefit calculated as the excess, if any, of
(A) less (B), where (A) is a targeted sum of 4.0% of “Average Monthly Earnings” times Credited Service up to 10 years of Credited Service, plus 1.0% of Average Monthly Earnings times each year of Credited Service over 10 up to a
combined total of 35 Years of Credited Service; and (B) is the sum of the Participant’s (1) estimated monthly Retirement Plan benefits payable as a life annuity beginning at age 60 for some designated Participants and at age 62 for
other specified Participants, regardless of the form of payment actually elected under the Retirement Plan and (2) estimated Social Security monthly benefit amount payable at age 65 (calculated using Social Security law in the
Participant’s year of Termination of Employment and assuming zero future pay to age 65), actuarially adjusted as provided in the definition of “Actuarial Equivalent” in the Retirement Plan (except that the 30-year Treasury rate then
in effect shall be substituted for the interest rate under the Retirement Plan). 
 2. The Enhanced Benefit described in
Section 3.01(c)(1) above shall be calculated as provided in the preceding paragraph and will be actuarially reduced for benefit commencement prior to attainment of age 60 for designated Participants and age 62 for other specified Participants
by the early retirement reduction factors set out in the Retirement Plan, except that the 30-year Treasury rate then in effect shall be substituted for the interest rate under the Retirement Plan, the reduction factor will be determined from age 62
under the provisions of the Retirement Plan and such reduction factor will then be divided by .885. 
 (d) Calculation of Enhanced
Benefits in the Event of Death 
 1. In the event a Participant who is eligible to receive a benefit under this Supplemental Plan dies
prior to attaining age 60 and completing 10 Years of Service, the Participant’s surviving spouse shall receive either (i) his or her Supplemental Benefits calculated as provided above under Section 3.01(a), (ii) an Enhanced
Benefit calculated as the excess, if any, of (A) less (B), where (A) is a targeted sum of 4.0% of “Average 

  

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Monthly Earnings” times Credited Service up to 10 years of Credited Service, plus 1.0% of Average Monthly Earnings times each year of Credited Service
over 10 up to a combined total of 35 Years of Credited Service; and (B) is the sum of the Participant’s estimated Social Security monthly benefit amount payable at age 65 (calculated using Social Security law in the Participant’s year
of Termination of Employment and assuming zero future pay to age 65), actuarially adjusted as provided in the definition of “Actuarial Equivalent” in the Retirement Plan (except that the 30-year Treasury rate then in effect shall be
substituted for the interest rate under the Retirement Plan) or, if applicable, the greater of (i) or (ii) above. After calculating the Enhanced Benefit as provided in this paragraph above, the Enhanced Benefit will be reduced as follows:
(i) for designated Participants who die before age 60, or age 62 for other specified Participants, to the age that the Participant would have attained at his or her benefit commencement date based on the early retirement reduction factors set
forth in the Retirement Plan (except that the 30-year Treasury rate then in effect shall be substituted for the interest rate under the Retirement Plan); (ii) from the amount payable as a life annuity to the amount payable as a joint and 100%
survivor annuity (if the Participant died as an active employee) or a joint and 50% survivor annuity (if the Participant died as a vested terminated employee), based on the actuarial factors set out in the Retirement Plan (except that the 30-year
Treasury rate then in effect shall be substituted for the interest rate under the Retirement Plan, the reduction factor will be determined from age 62 and such reduction factor will then be divided by .885); and (iii) for any survivor benefit
(calculated as a monthly benefit) payable under the Retirement Plan. 
 Lump sum benefits payable because of the death of the Participant
shall be calculated using the present value of the benefit due the survivor. 
 (e) Participants Transferring to Morgan Keegan

 Effective November 4, 2006, Participants who transferred employment to Morgan Keegan on or before December 31, 2008 following the
merger of AmSouth Bancorporation into the Sponsor shall have their compensation, including but not limited to Monthly Earnings and Average Monthly Earnings, as of the date of the transfer frozen for purposes of calculating benefits under this
Supplemental Plan. 
 3.02 Time and Form of Supplemental Benefit and Enhanced Benefit. 
 (a) Time of Supplemental Benefit Payment 
 For Participants who terminated on or before November 30, 2008, with a vested benefit, the Supplemental Benefit shall be distributed, or commence to be distributed, no later than 90 days (with the actual payment date to be determined
by the Sponsor in its discretion) from the date selected by the Participant, provided the Participant selected a payment commencement date on or before December 31, 2008. In the event no such election was made, payment shall commence within 90
days (with the actual payment date to be determined by the Sponsor in its discretion) of the date the Participant reaches age 65. Such Participants shall not be eligible to receive a lump sum 

  

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distribution. In the event the Participant is a Specified Employee, such payment will not be made before the first payroll of the seventh month following
Termination of Employment of the Specified Employee. 
 For Participants who have a Termination of Employment on or after December 1,
2008, to the extent a Participant is eligible to receive a Supplemental Benefit, the Participant’s Supplemental Benefit shall be distributed, or commence to be distributed, to or with respect to the Participant no later than 90 days (with the
actual payment date to be determined by the Sponsor in its discretion) following the earliest of (i) the Participant’s Termination of Employment after Early Retirement, (ii) the Participant’s Termination of Employment within 2
years following a Change in Control, or (iii) the Participant’s death. If a Participant has a Termination of Employment prior to Early Retirement, payments shall being at age 65. In the event the Participant is a Specified Employee, such
payment will not be made before the first payroll of the seventh month following Termination of Employment of the Specified Employee. 
 (b)
Time of Enhanced Benefit Payment 
 For Participants who terminated on or before November 30, 2008, with a vested benefit, the
Enhanced Benefit shall be distributed, or commence to be distributed, no later than 90 days (with the actual payment date to be determined by the Sponsor in its discretion) from the date selected by the Participant, provided the Participant selected
a payment commencement date on or before December 31, 2008. In the event no such election was made, payment shall commence within 90 days (with the actual payment date to be determined by the Sponsor in its discretion) of the date the
Participant reaches age 65. Such Participants shall not be eligible to receive a lump sum distribution. In the event the Participant is a Specified Employee, such payment will not be made before the first payroll of the seventh month following
Termination of Employment of the Specified Employee. 
 For Participants who have a Termination of Employment on or after December 1,
2008, to the extent a Participant is eligible to receive an Enhanced Benefit, the Participant’s Enhanced Benefit shall be distributed, or commence to be distributed, to or with respect to the Participant no later than 90 days (with the actual
payment date to be determined by the Sponsor in its discretion) following the earliest of (i) the Participant’s Termination of Employment with the Sponsor or an Electing Employer, (ii) the Participant’s Disability, and
(iii) the Participant’s death. In the event the Participant is a Specified Employee, such payment will not be made before the first payroll of the seventh month following Termination of Employment of the Specified Employee. 
 (c) Form of Supplemental Benefit and Enhanced Benefit Payment 
 A Participant’s Supplemental Benefit or Enhanced Benefit, as applicable, shall be payable monthly in the form of a single life annuity, unless the Participant elects, and is eligible to elect, one of the optional
forms of benefit set forth below: 
  

			
	Option 1:	  	A joint and survivor annuity payable during the Participant’s life, and after his death payable to his or her spouse at 50%, 75% or 100% of the annuity paid during the life of, and to, the
Participant;

  

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	Option 2:	  	A single life annuity payable during the Participant’s life;
		
	Option 3:	  	Lump Sum (Lump sum benefits payable because of the death of the Participant shall be calculated using the present value of the benefit due the survivor); or
		
	Option 4:	  	Life Annuity with guaranteed monthly payments for 5, 10, 15 or 20 years. If a Participant dies before receiving all the annual payments, the remaining payments will be paid to the
Participant’s beneficiary.

 A Participant may elect a different form of payment for each of the following payment events:
(w) Termination of Employment with the Sponsor or an Electing Employer (other than due to death) prior to Early Retirement, (x) Termination of Employment with the Sponsor or an Electing Employer (other than due to death) at or after Early
Retirement, (y) Termination of Employment within 2 years following a Change in Control, and (z) Termination of Employment due to death. For the avoidance of doubt, if a Participant either does not make the election described above by
December 31, 2008, or becomes a Participant at any time after December 31, 2008, and does not make an election upon beginning participation in the Plan (as described below), the Participant’s Supplemental or Enhanced Benefit shall be
payable as follows: 
 Termination of Employment prior to Early Retirement: Payment begins at age 65 in the form of an annuity based on
marital status at age 65 (single life annuity for single Participants and a 50% joint and survivor benefit for married Participants). 
 Termination of Employment after Early Retirement: Payment begins within 90 days of Termination of Employment in the form of an annuity based on marital status at Termination of Employment (single life annuity for single Participants and a
50% joint and survivor benefit for married Participants). 
 Termination of Employment for any reason within 2 years following a Change in
Control: Payment begins within 90 days of Termination of Employment in the form of an annuity based on marital status at Termination of Employment (single life annuity for single Participants and a 50% joint and survivor benefit for married
Participants). 
 Termination of Employment due to death: Benefits are payable only to a surviving spouse within 90 days of death. Benefits
are payable as a 100% joint and survivor annuity if the Participant died as an active employee, and as a 50% joint and survivor annuity of the Participant died as a vested terminated employee. 
 Notwithstanding the foregoing or anything to the contrary herein, effective January 1, 2008, the determination of benefits under this Supplemental
Plan under the 

  

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optional forms of payment shall continue to be based on the actuarial factors in effect in the Retirement Plan as of December 31, 2007. However, the
modification of the change under the Retirement Plan in look-back month that becomes effective January 1, 2008 shall apply. Lump sums shall be calculated using the Pension Protection Act of 2006 mortality tables and the 30 year Treasury rate.

 Notwithstanding anything herein the contrary, for designated Participants who are selected by the Committee to be eligible for an Enhanced
Benefit, the Enhanced Benefit will be actuarially reduced for early retirement prior to attainment of age 60 (but not for early retirement on or after attainment of age 60) based on the early retirement reduction factors in the Retirement Plan
(except that the 30-year Treasury rate then in effect shall be substituted for the interest rate under the Retirement Plan). Notwithstanding anything herein the contrary, for Participants who are eligible for the Enhanced Benefit but not entitled to
the age 60 early retirement reduced benefit, the Enhanced Benefit will be actuarially reduced for early retirement prior to attainment of age 62 (but not for early retirement on or after attainment of age 62) based on the early retirement reduction
factors in the Retirement Plan (except that the 30-year Treasury rate then in effect shall be substituted for the interest rate under the Retirement Plan). 
 (d) Initial Deferral Election. A Participant who first commences participation in the Supplemental Plan on or after January 1, 2009, may elect the form of benefit of his or her Supplemental Benefit or
Enhanced Benefit, as applicable, as described above in Section 3.02(c) within thirty (30) days after the first day such Participant commences participation in the Supplemental Plan, provided, however, that, notwithstanding
anything herein to the contrary, the Participant shall be required to continue to provide services for the Sponsor or an Electing Employer for a period of 13 months after the date the Participant commenced participation in the Supplemental Plan in
order to be eligible to receive such Supplemental Benefit or Enhanced Benefit, as applicable. 
 (e) Subsequent Change to Form of
Payment. A Participant may change the form of payment of his or her Supplemental Benefit or Enhanced Benefit, as applicable, provided such subsequent election satisfies the requirements of Treasury Regulation Section 1.409A-2(b) as it may
be amended from time to time. 
 Section 3.03. FAC Program. Notwithstanding anything to the contrary herein, all benefits
accrued to Participants in the FAC Program through December 31, 2000, shall be calculated using the FAC Program terms and conditions as in effect on December 31, 2000, and such benefits shall be subject to the terms and conditions of the
FAC Program, including but not limited to the terms and conditions governing the distribution of such benefits; provided, however, that accrued benefits of $5,000 or less shall be paid in a lump sum, and payments made due to termination as a result
of a Change in Control as defined in Section 3.04 below, shall be paid in a lump sum. Effective December 31, 2000, benefit accruals under the terms of the FAC Program shall cease. The FAC Program benefits shall not be less than the accrued
benefits under the terms of the FAC Program immediately preceding the merger of the FAC Program into 

  

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this Supplemental Plan. A copy of the FAC Program as of December 31, 2000, is attached hereto as Exhibit A. Effective January 1, 2001, all benefits
will be calculated under the terms and conditions of this Supplemental Plan. Notwithstanding the foregoing or anything to the contrary herein, effective January 1, 2004, any Participant who has an accrued benefit under the FAC Program and who
terminates employment on or after January 1, 2001 shall be entitled to receive pre-retirement survivor benefits with regard to the accrued benefit under the FAC Program under the terms provided in Section 3.03 applicable to other benefits
under this Supplemental Plan. 
 Section 3.04. Change in Control. 
 For purposes of this Plan, a “Change in Control” shall mean: 
  

	 	(a)	The acquisition by any “Person” (as the term “person” is used for the purposes of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)) of direct or indirect beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of the combined voting power of the then-outstanding securities of the
Sponsor entitled to vote in the election of directors (the “Voting Securities”); or 

  

	 	(b)	Individuals (the “Incumbent Directors”) who, as of the date hereof, constitute the Board of Directors of the Sponsor (the “Board”) cease for any
reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election, was approved by a vote of at least two-thirds
of the Incumbent Directors who are then on the Board (either by specific vote or by approval, without prior written notice to the Board objecting to the nomination, of a proxy statement in which the individual was named as nominee) shall be an
Incumbent Director, unless such individual is initially elected or nominated as a director of the Sponsor as a result of an actual or threatened election contest with respect to the election or removal of directors (“Election
Contest”) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (“Proxy Contest”), including by reason of any agreement intended to avoid or settle any Election
Contest or Proxy Contest; or 

  

	 	(c)	 Consummation of a merger, consolidation, reorganization, statutory share exchange, or similar form of corporate transaction involving the Sponsor or involving the
issuance of shares by the Sponsor, the sale or other disposition (including by way of a series of transactions or by way of merger, consolidation, stock sale or similar transaction involving one or more subsidiaries) of all or substantially all of
the Sponsor’s assets or deposits, or the acquisition of assets or stock of another entity by the Sponsor (each a “Business Combination”), 

  

 -13- 

	 	 
unless such Business Combination is a “Non-Control Transaction.” A “Non-Control Transaction” is a Business Combination immediately
following which the following conditions are met: 

  

	 	(A)	the stockholders of the Sponsor immediately before such Business Combination own, directly or indirectly, more than 55% of the combined voting power of the then-outstanding voting
securities entitled to vote in the election of directors (or similar officials in the case of a non-corporation) of the entity resulting from such Business Combination (including, without limitation, an entity that as a result of such Business
Combination owns the Sponsor or all of substantially all of the Sponsor’s assets, stock or ownership units either directly or through one or more subsidiaries) (the “Surviving Corporation”) in substantially the same proportion
as their ownership of the Sponsor Voting Securities immediately before such Business Combination; 

  

	 	(B)	at least a majority of the members of the board of directors of the Surviving Corporation were Incumbent Directors at the time of the Board’s approval of the execution of the
initial Business Combination agreement; and 

  

	 	(C)	no person other than (i) the Sponsor or any of its subsidiaries, (ii) the Surviving Corporation or its ultimate parent corporation, or (iii) any employee benefit plan
(or related trust) sponsored or maintained by the Sponsor immediately before such Business Combination beneficially owns, directly or indirectly, 20% or more of the combined voting power of the Surviving Corporation’s then-outstanding voting
securities entitled to vote in the election of directors; or 

  

	 	(d)	Approval by the stockholders of the Sponsor of a complete liquidation or dissolution of the Sponsor. 

 Notwithstanding the foregoing and anything in the Supplemental Plan to the contrary, a Change in Control shall not be deemed to occur solely because any Person (the “Subject Person”) acquired
Beneficial Ownership of more than the permitted amount of the outstanding Voting Securities as a result of the acquisition of Voting Securities by the Sponsor which, by reducing the number of Voting Securities outstanding, increases the proportional
number of shares Beneficially Owned by the Subject Person, provided that if 

  

 -14- 

 
a Change in Control would occur (but for the operation of this sentence) and after such acquisition of Voting Securities by the Sponsor, the Subject Person
becomes the Beneficial Owner of any additional Voting Securities, then a Change in Control shall occur. 
 Section 3.05. Rabbi
Trust. The Sponsor may establish a rabbi trust (“Trust”) which may be used to pay benefits arising under the Supplemental Plan and all costs, charges and expenses relating thereto; except that, to the extent that the funds held in the
Trust are insufficient to pay such benefits, costs, charges and expenses, the Sponsor shall pay such benefits, costs, charges and expenses. 
 ARTICLE IV 
 PLAN ADMINISTRATOR 
 Section 4.01. The plan administrator (“Plan Administrator”) for the Retirement Plan shall also administer the Supplemental Plan. In doing so, the Plan Administrator shall apply to the
Participants’ claims for Supplemental Benefits and Enhanced Benefits hereunder the procedures as are set forth in Section 7.06 below. 
 ARTICLE V 
 NATURE OF EMPLOYER OBLIGATION AND PARTICIPANT INTEREST 
 Section 5.01. The interest of the Participant and/or any person claiming by or through him under the Supplemental Plan shall be solely that
of an unsecured general creditor of the Sponsor and the Electing Employers. The Supplemental and Enhanced Benefits payable under the Supplemental Plan shall be payable from the general assets of the Sponsor and the Electing Employers (including
assets held in the Trust), and neither the Participant nor any person claiming by or through him shall have any right to look to any specific property separate from such general assets in satisfaction of any claim for payment of Supplemental or
Enhanced Benefits. 
 Section 5.02. In all respects any Supplemental or Enhanced Benefits shall be independent of, and in
addition to, any other benefits or compensation of any sort, payable to or on behalf of the Participant under any other arrangement sponsored by the Sponsor or Electing Employers or any other arrangement between the Sponsor or Electing Employer and
the Participant in any capacity. 
 ARTICLE VI 
 ADDITION OR WITHDRAWAL OF ELECTING EMPLOYERS 
 Section 6.01. A subsidiary or affiliate of
the Sponsor shall become an Electing Employer hereunder only upon approval by the Compensation Committee of the Sponsor’s Board of Directors (or its delegee). 
  

 -15- 

 Section 6.02. An Electing Employer who wishes to withdraw from the Supplemental Plan shall
deliver to the Sponsor a resolution from its Board of Directors which authorizes its withdrawal as an Electing Employer and which indicates the reason or reasons for such withdrawal. Withdrawal may only take place upon the approval of the Board of
Directors of the Sponsor and with such amendments to the Supplemental Plan as the Sponsor shall deem necessary or desirable. Withdrawal shall be subject to the provisions of Section 7.01 below. 
 ARTICLE VII 
 MISCELLANEOUS 

Section 7.01. Amendment and Termination. 
 (a) The Supplemental Plan may be amended or terminated by the Sponsor, and may be amended by the Committee at any time except as provided in paragraphs (b) and (c) below. The Sponsor may designate additional
Participants under the Supplemental Plan or remove persons as Participants under the Supplemental Plan at any time except as provided in paragraphs (b) and (c) below. 
 (b) Notwithstanding anything herein to the contrary, Supplemental Benefits and Enhanced Benefits which are in pay status shall not be discontinued under
any circumstances prior to their natural termination pursuant to the terms of the Supplemental Plan at the time of the relevant amendment or termination of the Supplemental Plan, the removal of Participants or the withdrawal by an Electing Employer.

 (c) Notwithstanding anything herein to the contrary, Supplemental Benefits and Enhanced Benefits hereunder which have been accrued prior
to the date of any amendment or termination of the Supplemental Plan, the removal of a Participant, or the withdrawal of an Electing Employer shall remain a binding obligation of the Sponsor and Electing Employer or any successor in interest to
either of them, and no amendment or discontinuation of the Supplemental Plan, removal of a Participant or withdrawal by an Electing Employer shall deprive a Participant of said accrued Supplemental Benefit or Enhanced Benefit. 
 Section 7.02. No Right to Employment. The Supplemental Plan shall not be deemed to constitute a contract between the Sponsor or the
Electing Employer and any Participant or employee, or to be a consideration or an inducement for the employment of any Participant or employee. Nothing contained in the Supplemental Plan shall be deemed to give any Participant or employee the right
to be retained in the service of the Sponsor or Electing Employer or to interfere with the right of the Sponsor or Electing Employer to discharge any Participant or employee at any time regardless of the effect which such discharge shall or may have
upon him under the Supplemental Plan. 
  

 -16- 

 Section 7.03. Rights of General Creditor. None of the Participant’s rights to
Supplemental or Enhanced Benefits under the Supplemental Plan are subject to the claims of creditors of a Participant or any person claiming by or through him and will not be subject to attachment, garnishment or any other legal process. Neither a
Participant nor any person claiming by or through him may assign, sell, borrow on or otherwise encumber any of his beneficial interest under the Supplemental Plan nor shall any such interest be in any manner liable for or subject to the deeds,
contracts, liabilities, engagements or torts of a Participant or any person claiming by or through him. 
 Section 7.04.
Governing Law. The Supplemental Plan shall be construed and interpreted in accordance with the laws of the State of Alabama (without respect to conflict of laws), except where such laws are superseded by ERISA, in which case ERISA shall
control. 
 Section 7.05. Payment to Minor or Incompetent. In making any distribution to or for the benefit of any minor
or incompetent person, the Plan Administrator, in its sole, absolute and uncontrolled discretion, may, but need not, direct such distribution to a legal or natural guardian or other relative of such minor or court appointed committee of such
incompetent, or to any adult with whom such minor or incompetent temporarily or permanently resides, and any such guardian, committee, relative or other person shall have full authority and discretion to expend such distribution for the use and
benefit of such minor or incompetent. The receipt of such guardian, committee, relative or other person shall be a complete discharge to the Sponsor and Electing Employer without any responsibility on its part or on the part of the Plan
Administrator to see to the application thereof. 
 Section 7.06. Claims for Benefits. 
 (a) Any participant may file a claim for benefits. If the claim is denied, the claimant shall be provided written notice within 90 days with: 

(i) Specific reasons for the denial; 
 (ii) Specific references to the Plan provisions on which the denial is based; 
 (iii) A
description of any additional information needed and why it is needed; and 
 (iv) An explanation of (1) the procedures
and time limits for an appeal, (2) the right to obtain information about the procedures, and (3) the right to sue in federal court. 
 (b) If there are special circumstances delaying the determination of the claim, the claimant may be notified within the 90-day period explaining the special circumstances and stating that an answer will be provided within 90 more days. If
an answer is not received within the 90 days (or 180 days if an extension notice has been provided), the claim shall be deemed denied. 
  

 -17- 

 (c) Any claimant for a benefit (or, as applicable, his or her estate or other representative or
beneficiary) may, within sixty (60) days after receipt of a letter of denial, appeal to the Benefits Administration Committee, by writing to the Head of Human Resources of the plan sponsor and may request a review of the denial of the benefit,
with opportunity to submit his or her position in writing. Appeals not timely filed shall be barred. The claimant is entitled to: 
 (i) receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant to his or her claim; 
 (ii) submit written comments, documents, records and other information relating to the claim, which will be considered without regard to
whether such information was submitted or considered in the initial determination. 
 (d) The Benefits Administration Committee shall meet
quarterly or such other time as the Benefits Administration Committee shall determine, provided that a claim is pending. If a claim is received by the Benefits Administration Committee at least thirty (30) days before a quarterly meeting, such
appeal will be considered at that meeting; otherwise, such appeal will be considered at the first subsequent quarterly meeting. If there are special circumstances, the decision may be delayed until the third meeting following receipt of the request.
If special circumstances require an extension, the claimant will be notified. 
 (e) The Benefits Administration Committee will render a
written decision, written in a manner calculated to be understood by the claimant, and mail the written decision to the claimant at the claimant’s last address known to the plan sponsor, specifying by reference to the Plan the reasons for
denial of such part or all of the claimed benefit as it denies upon review. Such letter shall state that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of all documents, records and other
information relevant to the claim; describe the Plan’s voluntary appeal procedures, if any; and notify the claimant of his or her right to bring an action under Section 502(a) of ERISA. 
 Section 7.07. Modification. If any provision of the Supplemental Plan shall be held illegal or invalid for any reason or in any
particular circumstance or instance, such illegality or invalidity shall not affect its remaining parts in such circumstance or instance nor the enforceability of such provision in any other circumstance or instance, and the Supplemental Plan shall
be construed and enforced as if such illegal and invalid provision had never been inserted herein for application to the particular circumstance or instance. 
  

 -18- 

 Section 7.08. Section 409A of the Code. Notwithstanding any other provisions of
the Supplemental Plan to the contrary and to the extent applicable, it is intended that the Supplemental Plan comply with the requirements of Section 409A, and the Supplemental Plan shall be interpreted, construed and administered in accordance
with this intent. The Sponsor and the Electing Employers shall have no liability to any Participant, beneficiary or otherwise if the Supplemental Plan or any amounts paid or payable hereunder are subject to the additional tax and penalties under
Section 409A of the Code. 
 If and to the extent that any amount payable to the Participant pursuant to the Supplemental Plan is
determined by the Company to constitute “non-qualified deferred compensation” subject to Section 409A of the Code and is payable to the Participant by reason of the Participant’s Termination of Employment, then (a) such
payment shall be made to the Participant only upon a “separation from service” as defined for purposes of Section 409A under applicable regulations and (b) if the Participant is a “specified employee” (within the
meaning of Section 409A as determined by the Company), such payment shall not be made before the date that is six months after the date of the Participant’s separation from service (or, if earlier than the expiration of such six month
period, the date of death); provided, however, that any benefit that otherwise would have been payable to the Participant during such six-month period shall be paid to the Participant in a lump sum on the first payroll of the seventh month following
separation from service. 
  

 -19-Morgan Keegan & Company Amended and Restated Deferred Compensation Plan

 EXHIBIT 10.65 
 MORGAN KEEGAN & COMPANY 
 AMENDED AND RESTATED 
 DEFERRED COMPENSATION PLAN 
 Article 1. Plan
Establishment and Purpose 
  

	1.1	Background of Plan. Morgan Keegan & Company, successor to Morgan Keegan, Inc. for purposes of this plan (the “Company”) established, effective
January 1, 2000, a deferred compensation plan that is now known as the Morgan Keegan & Company Deferred Compensation Plan (the “Plan”). The Plan became effective for Base Salary earned in 2000 and thereafter, and Incentive
Awards earned in 2000 and thereafter. The Plan was most recently amended effective as of July 1, 2001, except as specifically provided otherwise (the “Prior Plan”). Effective as of January 1, 2009, the Prior Plan is amended and
restated as set forth in this document to comply with Section 409A of the Code and for certain other purposes. Amounts earned and vested as of December 31, 2004 under the Prior Plan (“Grandfathered Amounts”) shall, except as
otherwise expressly stated herein, remain subject to the terms and conditions of the Prior Plan. Amounts earned and vested under this Plan or the Prior Plan after December 31, 2004 (“Nongrandfathered Amounts”) shall be subject
to the terms and conditions of this Plan as hereby amended and restated. 

  

	1.2	Status of Plan. The Plan is intended to be an unfunded plan under the Internal Revenue Code of 1986, as amended, although the Company may establish a trust under Revenue
Procedure 92-64 to provide benefits under the Plan, as described in Article 13. 

  

	1.3	Purpose. The purpose of the Plan is to permit Participants to defer Base Salary and Incentive Awards they receive from the Company and to further align the objectives of key
employees with the interests of the Company’s shareholders. 

  

	1.4	Interpretation. The Plan is intended to comply with § 409A, and any ambiguity hereunder shall be interpreted in such a way as to comply, to the extent necessary, with
§ 409A or to qualify for an exemption from § 409A. 

 Article 2. Definitions 
  

	2.1	Definitions. The following terms shall have their respective meanings set forth below: 

 “§ 409A” means Section 409A of the Code and shall include any amendments thereto or successor provisions as well as any
applicable current and future regulations, rulings, IRS notices and other binding legal authority interpreting or modifying the legal requirements under Section 409A. 
 “Account” means the account established on behalf of the Participant pursuant to Section 5.9. 

 “Base Salary” means, with respect to a Participant, cash base salary payable by the
Company to the Participant for service with the Company. Notwithstanding any provision in this Plan to the contrary, Base Salary shall not include bonuses or other incentive awards, but shall include any amount which would have been included in cash
base salary but for the Participant’s election to defer payment of such amount under any provision of the Code. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Committee” means Regions Financial
Corporation Benefits Management Committee. 
 “Common Stock” means the common stock of Morgan Keegan, Inc. until
March 31, 2001, as of which date “Common Stock” means the common stock of Regions Financial Corporation. 
 “Company” means Morgan Keegan & Company. 
 “Compensation” means a Participant’s Base
Salary and Incentive Award with respect to a given Plan Year. 
 “Compensation Conversion Date” means (i) with respect
to an Incentive Award, the date as of which the value of such Incentive Award is calculated and payable; and (ii) with respect to Base Salary, the date as of which the Base Salary is payable. 
 “Controlled Group” means the Company and any other business entity (including any parent company, subsidiary or sister company) that is
aggregated with the Company under Sections 414(b), (c), (m) or (o) of the Code. 
 “Deferral Election” means an
annual, irrevocable written election, made in accordance with Section 5.1(b) on the form provided by the Committee, to defer the receipt of a stipulated amount of: (i) Incentive Awards (“Incentive Award Deferral Election”);
and/or (ii) Base Salary, subject to the provisions of Sections 5.1 and 5.2 (“Base Salary Deferral Election”). 
 “Deferred Amount Shares” has the meaning assigned in Section 5.3. 
 “Disability” means a
disability for which the Participant has qualified for and is receiving benefits under a long term disability plan sponsored by the Controlled Group for the benefit of employees of the Company. 
 “Dividend” means the dividend paid on a share of Common Stock for the relevant period ending on the Dividend Date. 
  

 Page 2 

 “Dividend Date” means the date on which a dividend is paid on a share of Common Stock
for the relevant period. 
 “Fair Market Value” means, on any date, (i) if the Common Stock is listed on a securities
exchange or is traded over the NASDAQ National Market, the closing sales price on such exchange or over such system on such date or, in the absence of reported sales on such date, the closing sales price on the immediately preceding date on which
sales were reported, or (ii) if the Common Stock is not listed on a securities exchange or traded over the NASDAQ National Market, the mean between the bid and offered prices as quoted by NASDAQ for such date; provided, however, that if it is
determined that the fair market value is not properly reflected by such NASDAQ quotations, Fair Market Value will be determined by such other method as the Committee determines in good faith to be reasonable. 
 “Forfeiture Period” means, with respect to any Matching Contribution, the period of time designated by the Committee which follows the
last day of the Plan Year as of which the Matching Contribution is initially credited to a Participant’s Account. 
 “Grandfathered
Amount” means any benefit hereunder that was earned and no longer subject to a substantial risk of forfeiture on or before December 31, 2004, provided however that if there is a material modification with respect to a Grandfathered Amount
that causes it to become subject to § 409A, such amount shall be a Nongrandfathered Amount. 
 “Incentive Award” means,
with respect to a Participant, the annual incentive bonus earned by the Participant. 
 “Matching Contribution” has the
meaning assigned in Section 5.5 and shall include any Matching Contributions made in cash, in Matching Contribution Shares, or otherwise. 
 “Matching Contribution Shares” has the meaning assigned in Section 5.5. 
 “Nongrandfathered Amount”
means any benefit hereunder that is not a Grandfathered Amount. 
 “Normal Retirement Date” means the date on which a
Participant reaches age sixty-five (65) while in the employment of the Controlled Group. 
 “Participant” means any
individual designated to participate in the Plan pursuant to Section 4.1. 
 “Performance Shares” means the number of
shares determined in accordance with Sections 5.3 and 5.5 (as the case may be), and shall in the aggregate equal the number of Deferred Amount Shares and Matching Contribution Shares, if any, computed with 
 respect to an Incentive Award or Base Salary deferral, in accordance with Sections 5.3 and 5.5 (as the case may be). 
  

 Page 3 

 “Plan” means the Morgan Keegan & Company Deferred Compensation Plan.

 “Plan Year” means the calendar year. 
 “Separation from Service” shall mean a separation from service as defined in § 409A. 
 “Specified Employee” means a ‘specified employee’ as defined in § 409A and shall be determined in accordance with Regions’ general policy for determining specified employees under § 409A, as such policy
may be amended from time to time. 
  

	2.2	Gender and Number. Except when otherwise indicated by the context, words in the masculine gender when used in the Plan shall include the feminine gender, the singular shall
include the plural, and the plural shall include the singular. 

 Article 3. Administration 
  

	3.1	Administration. The Committee shall have the exclusive responsibility for the general administration of the Plan (including Grandfathered Amounts) according to the terms and
provisions of the Plan and shall have all the powers necessary to accomplish these purposes, including but not by way of limitation, the right, power and authority: 

  

	 	(a)	To make rules and regulations for the administration of the Plan; 

  

	 	(b)	To construe all terms, provisions, conditions, and limitations of the Plan; 

  

	 	(c)	To correct any defects, supply any omissions or reconcile any inconsistencies that may appear in the Plan in the manner and to the extent deemed expedient; 

 

	 	(d)	To determine all controversies relating to the administration of the Plan, including but not limited to differences of opinion which may arise between the Company or the Committee
and a Participant; and 

  

	 	(e)	To resolve any questions necessary to promote the uniform administration of the Plan. 

  

	3.2	Committee’s Discretion. The Committee, in exercising any power or authority granted under this Plan, or in making any determination under this Plan, shall perform or
refrain from performing those acts in its sole and absolute discretion and judgment. Any decision made by the Committee, or any refraining to act or any act taken by the Committee, in good faith shall be final and binding on all parties. Except
where the provisions of the Plan specifically grant the Committee the right to exercise discretion, the Committee shall be bound by the terms of the Plan. 

  

 Page 4 

	3.3	Liability and Indemnity of Committee. The members of the Committee shall not be liable for any act done or any determination made in good faith. The Company shall, to the
fullest extent permitted by law, indemnify and hold the members of the Committee harmless from any and all claims, causes of action, damages and expenses (including reasonable attorneys’ fees and expenses) incurred by the members of the
Committee in connection with or otherwise related to his or her service in such capacity. 

  

	3.4	Nature of Interest. The granting of rights to Participants under the provisions of the Plan represents only a contracted right to receive deferred compensation. Accordingly,
the Plan grants no right to, or interest in, either express or implied, any equity position or ownership in Regions Financial Corporation. 

 Article 4. Eligibility and Participation 
  

	4.1	Eligibility and Participation. 

  

	 	(a)	First Plan Year. For the Plan Year beginning January 1, 2000 (the “Initial Plan Year”), employees eligible to participate in the Plan include those executive
officers and broker/employees of the Company whose anticipated Compensation for the Initial Plan Year will meet or exceed the limit on compensation set forth in Section 401(a)(17) of the Code and whose prior year elective deferrals into the
401(k) plan sponsored by the Company were selected by the Participant to be the maximum amount permitted for such year by the Code, regardless of whether the actual amount of elective deferrals for such Participant was limited as a result of the
application of the non-discrimination testing rules that apply to 401(k) plans and elective deferrals. 

  

	 	(b)	Subsequent Plan Years. For each Plan Year commencing after the Initial Plan Year, employees eligible to participate in the Plan include (i) executive officers and
broker/employees of the Company who were eligible to participate in the Plan in any prior Plan Year and who actually participated in the Plan in any prior Plan Year; and (ii) executive officers and broker/employees of the Company who have not
been eligible to participate in the Plan in any prior Plan Year in accordance with this Section 4.1, whose anticipated Compensation for the applicable Plan Year will meet or exceed $180,000 (the “Compensation Minimum”). The Committee
retains the discretion to modify the Compensation Minimum provided in this Section 4.1(b) for future Plan Years. 

  

	 	(c)	Committee Discretion. Notwithstanding the provisions of subsections (a) and (b) of this Section, the Committee retains the discretion to determine whether an
individual executive or broker/employee shall be permitted to participate, or continue to participate, in the Plan. Any revocation of eligibility shall have no effect on a Participant’s current year Deferral Elections which are irrevocable upon
the commencement of such calendar year. 

  

 Page 5 

	 	(d)	Duration of Participation. A Participant shall continue to be a Participant until the date the Participant is no longer entitled to a benefit under this Plan. However, the
Committee may, in its sole and absolute discretion, determine that a Participant will cease to be eligible to make subsequent year Base Salary or Bonus Deferral Elections as provided in Subsection (c) above. 

 Article 5. Deferrals and Performance Shares 
  

	5.1	Voluntary Deferral of Incentive Award or Base Salary. 

  

	 	(a)	Deferral Election. A Participant may make an annual, irrevocable election in a Deferral Election to defer any portion of an Incentive Award or Base Salary payable with
respect to a Plan Year in accordance with this Section 5.1. Notwithstanding the preceding sentence, the Deferral Election (i) shall apply only to Base Salary and Incentive Awards that, in the aggregate, exceed the Compensation Minimum, and
(ii) shall not exceed ninety percent (90%) of a Participant’s Compensation that would otherwise be payable in cash to the Participant absent the Participant’s Deferral Election. 

  

	 	(b)	Timing of Deferral Election. The Committee, in the exercise of its discretion, may decide with respect to each Plan Year whether to offer eligible executives or
broker/employees the option of making a Base Salary Deferral Election and/or an Incentive Award Deferral Election. The Participant shall make this election on a form prescribed by the Committee, and such completed form shall be returned to the
appropriate individual in Human Resources and available to the Committee. For each Plan Year with respect to which Deferral Elections are permitted, the following procedures shall apply: 

  

	 	(i)	First Year of Participation. An executive or broker/employee shall have thirty (30) days following the date the executive or broker/employee first becomes eligible to
participate in this Plan in which to execute and deliver to the Committee a Base Salary Deferral Election and/or an Incentive Award Deferral Election by which he or she elects to defer a stipulated percentage of Base Salary or Incentive Award to be
earned during the portion of the Plan Year remaining after the Base Salary Deferral Election and/or Incentive Award Deferral Election is made and which, but for such deferral election, would be paid to the Participant. If an employee is already
eligible to participate in a different defined compensation plan of the same type as determined under the plan aggregation rules in Treasury Regulation 1.409A-1(c)(2), the employee shall not be eligible to make a Base Salary Deferral Election or an
Incentive Award Deferral Election until the next Plan Year in accordance with subparagraph (ii) below. 

  

	 	(ii)	 Subsequent Years of Participation. Unless a longer period authorized under paragraph (i) above applies, an eligible executive or broker/employee 

  

 Page 6 

	 	 
shall have until December 31 of each Plan Year to execute and deliver to the Committee a Base Salary Deferral Election and/or an Incentive Award
Deferral Election providing for the deferral of a stipulated percentage of Base Salary and/or Incentive Award to be earned during the next Plan Year and which, but for such deferral election, would be paid to the Participant. If the Participant
fails to deliver a new Base Salary Deferral Election prior to the commencement of the new Plan Year, no Base Salary Deferral will be in effect during the new Plan Year. 

  

	 	(c)	Investment Election Prior to July 1, 2001. A Participant shall select whether the amounts to be deferred in accordance with subsection (a) above shall be invested
in shares of Common Stock or shall be invested in an interest-bearing account. An election as to investment shall be irrevocable with respect to the amounts subject to the election. Notwithstanding the foregoing, the Company shall have ultimate
discretion in the manner in which actual deferred amounts shall be invested; the investment selection by a Participant shall be tracked in the Participant’s Account in the manner described in Article 5. 

  

	 	(d)	Investment Election as of July 1, 2001 and Thereafter. Effective as of July 1, 2001, a Participant shall select whether to invest his or her deferred amounts in
shares of Common Stock or investment funds that are made available by Committee for such investment election; provided, however, that the Company shall have ultimate discretion in the manner in which actual deferred amounts shall be invested. The
selection of the investment of deferred amounts credited to a Participant’s Account prior to July 1, 2001 as described in Subsection (c) shall no longer be treated as irrevocable; provided, however, that the frequency with which a
Participant may elect to change investments of amounts credited to his or her Account shall be established by the Committee. The investment selection by a Participant shall be tracked in the Participant’s Account in the manner described in
Article 5. 

  

	 	(e)	Special Distribution Election. Notwithstanding anything herein to the contrary, in connection with the amendment and restatement of this Plan, and as permitted under §
409A, each Participant shall be given the opportunity to submit an election prior to December 5, 2008, to receive a special payout with respect to all or less than all of his or her Account balance to the extent that such balances are vested
(the “Special Distribution Election”). The amount designated for early distribution pursuant to the Special Distribution Election shall be payable in a lump sum in February, 2009. Such Special Distribution Election shall not be subject to
the three-year deferral requirement provided under Section 6.3(a) hereof. If no Special Distribution Election form is timely submitted for Plan Year 2008, the Participant’s existing deferral election shall remain unchanged.

  

	5.2	Commencement of Deferrals. An Incentive Award or Base Salary shall be deferred under this Plan beginning with the amount of Incentive Award or Base Salary that is earned in
the first pay period which begins after a Participant’s cumulative Incentive Award and Base Salary payments equal the Compensation Minimum for the Plan Year to which the deferral relates. 

  

 Page 7 

	5.3	Computation of Deferred Amount Shares. The amounts deferred under Section 5.1 that are to be invested in shares of Common Stock shall be converted to Deferred Amount
Shares. The number of Deferred Amount Shares with respect to deferred amounts shall be determined by dividing (i) the amount deferred pursuant to Section 5.1 as of the Compensation Conversion Date, by (ii) the Fair Market Value of a
share of Common Stock as of the Compensation Conversion Date. 

  

	5.4	Crediting of Deferred Amount Shares. The number of Deferred Amount Shares computed in accordance with Section 5.3 shall be credited to each Participant’s Account as
of the Compensation Conversion Date. 

  

	5.5	Computation of Matching Contribution. No Matching Contribution Shares have been credited with respect to any Plan Year that begins on or after January 1, 2001. However,
the Committee reserves the right, in its sole discretion, to make a Matching Contribution in cash or such other form as it determines, or, in future Plan Years, to reinstate the use of Matching Contribution Shares. The Matching Contribution to be
credited to a Participant’s Account in connection with a Matching Contribution, if any, shall be determined by the Committee in its sole discretion. 

  

	5.6	Crediting of Matching Contribution. The Matching Contribution computed in accordance with Section 5.5 shall be credited to each Participant’s Account as of the last
day of the Plan Year to which the Matching Contribution relates. 

  

	5.6	Payment of Dividends on Performance Shares. A Participant shall receive Dividends that are payable with respect to Performance Shares which have been credited to such
Participant’s Account as of the applicable Dividend Date. Such Dividends shall be payable in accordance with the Participant’s election for his or her Account. 

  

	5.7	Deferred Amounts Invested in Investment Fund(s) and Crediting of Earnings on such Deferred Amounts. Any amounts that a Participant has selected to invest in the investment
fund(s) made available pursuant to Section 5.1(d) shall be credited with earnings (gains or losses) based on the results of such investment fund(s) at such times as determined by the Committee. No Matching Contribution Shares will be credited
to deferred amounts elected to be invested initially in accordance with this Section 5.7. 

  

	5.8	 Participants’ Accounts. The Company will establish a separate bookkeeping account for each Participant. A Participant’s Account will be credited
with: (i) the number of Deferred Amount Shares determined under Sections 5.3 and 5.4; (ii) the Matching Contribution determined under Section 5.5, if any; and (iii) the value of any amounts that a Participant has selected to
invest in the investment fund(s), together with any investment fund(s) earnings (gains or losses) credited to such deferred amounts. All amounts credited to each Account are credited solely for accounting and computational 

  

 Page 8 

	 	 
purposes. The amounts credited to the Accounts are at all times the assets of the Company subject to the claims of the Company’s general creditors.
Participants shall not have any right to receive any amounts credited to their Accounts until such time as determined under Articles 6 and 7 of the Plan. Statements shall be sent at least annually to Participants showing the number of Deferred
Amount Shares, Matching Contribution Shares, if any, and investment fund(s) amounts, credited to his or her Accounts. 

 Article 6.
Payment of Performance Shares and Deferred Amounts 
  

	6.1	Election Regarding Timing of Payment of Deferred Amount Shares. 

  

	 	(a)	Initial Election. Each Participant shall elect on his Deferral Election to receive payment of the aggregate of the Deferred Amount Shares calculated with respect to the
relevant Incentive Award or Base Salary on a specified date that is no earlier than the end of the Forfeiture Period to which Matching Contribution Shares, if any, are subject which are credited with respect to such Deferred Amount Shares. The
Deferred Amount Shares subject to this initial election shall be considered fully vested and not subject to forfeiture. 

  

	 	(b)	Subsequent Elections. A Participant may elect to delay the timing of any distribution with respect to Deferred Amount Shares. Such subsequent election shall not take effect
for at least twelve (12) months after it is made, and the first payment with respect to such subsequent election must be deferred for at least five (5) years from the date such payment would otherwise have been made. Further, any
subsequent election may not be made less than twelve (12) months prior to the date of the scheduled payment to which it relates. The Deferred Amount Shares subject to any election under this subsection (b) shall be considered fully vested
and not subject to forfeiture. 

 Notwithstanding the elections described above, a Participant shall receive any Deferred Amount
Shares credited to his or her Account in accordance with the provisions of Article 7. 
  

	6.2	Election Regarding Timing of Payment of Matching Contribution Shares. 

  

	 	(a)	Initial Election. Each Participant shall elect on his Deferral Election to receive payment of the aggregate Matching Contribution Shares, if any, calculated with respect to
the Plan Year to which the Deferral Election relates on a specified date, but in no event shall such specified payment date be earlier than the end of the Forfeiture Period. The Matching Contribution Shares subject to this initial election shall be
subject to forfeiture during the Forfeiture Period, unless otherwise payable in accordance with Article 7. 

  

	 	(b)	 Subsequent Elections. A Participant may elect to delay the timing of any distribution with respect to Matching Contribution Shares. Such subsequent election
shall not 

  

 Page 9 

	 	 
take effect for at least twelve (12) months after it is made, and the first payment with respect to such subsequent election must be deferred for at
least five (5) years from the date such payment would otherwise have been made. Further, any subsequent election may not be made less than twelve (12) months prior to the date of the scheduled payment to which it relates. Matching
Contribution Shares the payment of which is extended in accordance with this subsection (b) shall be considered fully vested and no longer subject to any forfeiture. 

 Notwithstanding the elections described above, a Participant shall receive any Matching Contribution Shares credited to his or her Account in accordance
with the provisions of Article 7. 
  

	6.3	Election Regarding Timing of Payment of Deferrals Invested in Investment Funds. 

  

	 	(a)	Initial Election. Each Participant shall elect on his Deferral Election to receive payment of the aggregate deferred amounts invested in available investment fund(s) in
accordance with Section 5.8 on a specified date that is no earlier than three years after the Plan Year in which the amounts were initially deferred (without regard to any earnings credited thereafter). These amounts subject to this initial
election shall be considered fully vested and not subject to forfeiture. 

  

	 	(b)	Subsequent Elections. A Participant may elect to delay the timing of any distribution with respect to deferred amounts invested in available investment fund(s) in accordance
with Section 5.8. Such subsequent election shall not take effect for at least twelve (12) months after it is made, and the first payment with respect to such subsequent election must be deferred for at least five (5) years from the
date such payment would otherwise have been made. Further, any subsequent election may not be made less than twelve (12) months prior to the date of the scheduled payment to which it relates. The deferred amounts (and earnings) subject to any
election under this subsection (b) shall be considered fully vested and not subject to forfeiture. 

 Notwithstanding the
election described above, a Participant shall receive any deferred amounts that are credited to his or her Account in accordance with the provisions of Article 7. 
  

	6.4	Payment Election and Investment Selection. The initial election (or subsequent election) with respect to the timing of payment by a Participant pursuant to Section 6.1,
6.2 or 6.3, as the case may be, shall apply to all amounts subject to such election, regardless of whether the Participant changes, pursuant to Section 5.1(d), the investment in which the deferred amounts were initially invested.

  

	6.5	Form of Payment. All whole Performance Shares credited to a Participant’s Account will be paid in a single lump sum payment of shares of Common Stock of the Company. Any
fractional Performance Shares shall be paid in cash. All deferred amounts plus earnings (gains or losses) credited to such Account that have been invested in available investment fund(s) and not converted to Performance Shares shall be paid in a
lump sum in cash. 

  

 Page 10 

	6.6	Payment Recipient. All amounts payable under this Plan shall be paid to the appropriate Participant; provided, however, that a payment made on account of the
Participant’s death shall be paid to the Participant’s beneficiary. For purposes of this Plan, a Participant may, by written instruction during the Participant’s lifetime on a form prescribed by the Committee, designate one or more
primary beneficiaries to receive the amount payable hereunder following the Participant’s death, and may designate the proportions in which such beneficiaries are to receive such payments. A Participant may change such designations from time to
time, and the last written designation returned to the appropriate individual in Human Resources and available to the Committee prior to the Participant’s death shall control. If a Participant fails to designate a beneficiary, or if no
designated beneficiary survives the Participant, payment shall be made by the Committee, in its sole discretion, in the following order of priority: 

  

	 	(a)	to the Participant’s surviving spouse, or if none; 

  

	 	(b)	to the Participant’s children, per stirpes, or if none; 

  

	 	(c)	to the Participant’s estate. 

 A beneficiary
designation shall not be considered effective unless made on a form prescribed by the Committee, returned to the appropriate individual in Human Resources and available to the Committee. 
 Article 7. Effect of Certain Events on Distribution of Accounts 
  

	7.1	Matching Contribution Forfeited. Except as described in Section 7.2, a Participant who separates from employment with the Controlled Group for any reason prior to the
completion of the applicable Forfeiture Period shall forfeit any Matching Contribution that relates to such Forfeiture Period. Notwithstanding the preceding sentences, the Committee in its sole discretion may determine that it is in the best
interests of the Company to pay such forfeited Matching Contribution to the Participant. 

  

	7.2	Matching Contribution not Forfeited in Certain Circumstances. Notwithstanding the provisions of Section 7.1, a Participant who: (a) separates from employment with
the Controlled Group on or after the Participant’s Normal Retirement Date; or (b) involuntarily separates from such employment on account of death or Disability, shall receive all Matching Contributions credited to his Account as of the
separation date, regardless of whether the Forfeiture Period has been satisfied with respect to such Matching Contribution. 

  

 Page 11 

 A Participant who separates from employment with the Controlled Group for any reason after satisfying the
Forfeiture Period with respect to a Matching Contribution shall receive such Matching Contribution credited to his Account. 
  

	7.3	Deferred Amount Shares Never Forfeited. A Participant who separates from employment with the Company for any reason shall receive all Deferred Amount Shares credited to his
Accounts as of the separation date. The preceding sentence shall apply with respect to any Deferred Amount Shares that are subsequently invested in investment fund(s) made available under Section 5.1(d). 

  

	7.4	Deferred Amounts Invested in Available Investment Fund(s) and Credited With Earnings Never Forfeited. A Participant who separates from employment with the Company for any
reason shall receive all deferred amounts that have been invested in available investment fund(s) and credited with earnings (gains or losses) in accordance with Section 5.8 which are credited to such Participant’s Account as of the
separation date; provided, however, that Matching Contribution Shares subsequently reinvested in Investment Fund(s) shall be governed by the provisions of Sections 7.1 and 7.2. 

  

	 7.5
	 Time of Payment. All payments under Sections 7.1, 7.2, 7.3 and 7.4 shall be made upon the earlier of (i) the
scheduled payment date elected by the Participant on his or her Deferral Election, or (ii) on the first payroll date scheduled for the seventh (7th) month following the date of the Participant’s Separation from Service. Notwithstanding the above, the effect of each subsequent election under Section 6.1, 6.2 or 6.3 shall be to delay the payment date under clause
(ii) above by five years with respect to amounts for which the subsequent election applies. Payments shall be made pursuant to Section 6.5 to the appropriate individual according to Section 6.6. 

 Article 8. Limitation of Rights 
  

	8.1	Limitation of Rights. Nothing in this Plan shall be construed: 

  

	 	(a)	To give any Participant any right to receive an Incentive Award or to be awarded Performance Shares, other than in accordance with the provisions of this Plan;

  

	 	(b)	To limit in any way the right of the Company to terminate a Participant’s employment with the Company at any time; or 

  

	 	(c)	To evidence any agreement or understanding, expressed or implied, that the Company will employ a Participant in any particular capacity or for any particular remuneration.

 Article 9. Duration of Plan 
  

	9.1	Duration of Plan. The Plan shall remain in effect until terminated by the Company in accordance with Article 10. 

  

 Page 12 

 Article 10. Amendment, Modification and Termination of Plan 
  

	10.1	Amendment, Modification, and Termination of Plan. The Committee may at any time terminate the Plan, and from time to time, may amend or modify it (with respect to both
Grandfathered Amounts and Nongrandfathered Amounts); provided, however, that except as set forth below, any action that is not a change to an administrative practice under the Plan, shall not adversely affect any right or obligation with respect to
any Performance Shares or deferred amounts credited to a Participant’s Account as of the effective date of the termination, amendment or modification, unless the Participant consents to such change. 

 Notwithstanding the foregoing, the Committee may, without the Participants’ consent, amend or modify the Plan in any manner that the Committee deems
necessary or appropriate in order to comply with, or to preserve the intended tax deferral purposes of the Plan under, applicable laws, regulations or orders, or any changes thereto or judicial or administrative interpretations thereof. 

Upon termination of the Plan, the amounts credited to the Participant’s Accounts upon such termination shall become fully vested and shall be paid
in a lump sum; provided that such termination and payment comply with the requirements for plan terminations under § 409A. 
 Article 11.
Alienation 
  

	11.1	Alienation. No benefit provided by this Plan shall be transferable by the Participant except on the Participant’s death, as provided in this Plan. No right or benefit
under this Plan shall be subject to anticipation, alienation, sale, assignment, pledge, encumbrance or charge. Any attempt to anticipate, alienate, sell, assign, pledge, encumber or charge any right or benefit under this Plan shall be void. No right
or benefit under this Plan shall, in any manner, be liable for or subject to any debts, contracts, liabilities or torts of the person entitled to the right or benefit. If any Participant becomes bankrupt or attempts to anticipate, alienate, assign,
pledge, sell, encumber or charge any right or benefit under this Plan, then the right or benefit shall, in the discretion of the Committee, cease. In that event, the Company may hold or apply the right or benefit, or any part of the right or
benefit, for the benefit of the Participant, his or her spouse, children, or dependents, the beneficiary or any of them, in the manner or in the proportion that the Committee shall deem proper, in his sole discretion, but is not required to do so.

 Article 12. Tax Withholding 
  

	12.1	Tax Withholding. An individual who receives payment of a Grandfathered Amount or a Nongrandfathered Amount from the Plan shall pay to the Company, or make arrangements
satisfactory to the Committee, regarding the payment of any federal, state or local taxes of any kind required by law to be withheld with respect to such payment. 

  

 Page 13 

 The individual shall make such payment or arrangement no later than the date as of which he is scheduled
to receive such payment. The obligations of the Company under the Plan shall be conditioned on such payment or arrangement and the Company, to the extent permitted by law, shall have the right to deduct any such taxes from any distribution of any
kind otherwise due to the individual (provided however that the amount payable before the application of such deduction shall be reported to the appropriate taxing authority as a taxable payment, to the extent that it would have been reported had
there been no deduction). Unless otherwise determined by the Committee, any withholding obligation of the Company on amounts received under the Plan may be settled with shares of Common Stock that are part of the distribution that gives rise to the
withholding requirement. 
 Article 13. Authority to Establish Trust 
  

	13.1	Trust. The Company may establish, by the execution of a Trust agreement with one or more trustees, a Trust that, if established, is intended to be maintained as a
“grantor trust” under Section 677 of the Code. The assets of the Trust will be held, invested and disposed of by the trustee, in accordance with the terms of the Trust, for the exclusive purpose of providing benefits for Participants
and their beneficiaries. Notwithstanding any provision of the Plan or the Trust to the contrary, the assets of the Trust shall at all times be subject to the claims of the Company’s general creditors in the event of insolvency or bankruptcy.

  

	13.2	Contributions and Expenses. The Company, from time to time, may make contributions to the Trust (if and when established). All amounts payable under the Plan and expenses
chargeable to the Plan, to the extent not paid directly by the Company, shall be paid from the Trust. 

  

	13.3	Trustee Duties. The powers, duties and responsibilities of the trustee shall be as set forth in the Trust and nothing contained in the Plan, either expressly or by
implication, shall impose any additional powers, duties or responsibilities upon the Trustee. 

  

	13.4	Reversion to the Company. The Company shall have no beneficial interest in the Trust and no part of the Trust shall ever revert or be repaid to the Company, directly or
indirectly, except as otherwise provided in Section 13.1 above or in the Trust Agreement. 

  

	13.5	Plan Not Funded. Notwithstanding the provisions of this Article, the obligation of the Company to make payments under the Plan constitutes nothing more than the unsecured
promise of the Company to make such payments. Until benefits are distributed in accordance with Article 6 or 7, all property and rights associated with deferred amounts under the Plan shall remain solely the property and rights of the Company
subject only to claims of the Company’s general creditors. 

  

 Page 14 

 Article 14. Successor Organization 
  

	14.1	Successor Company. In the event of a merger, consolidation, combination or reorganization involving the Company and any other entity or corporation, the Company shall require
the succeeding or continuing business entity after such merger, consolidation, combination or reorganization, to assume the obligations of the Company under this Plan. 

  

	14.2	Share Adjustment. If the number of outstanding shares of Common Stock is changed as a result of recapitalization, merger, consolidation, or other reorganization of the
Company, the number of Performance Shares credited to a Participant’s Account shall be appropriately and equitably adjusted on the same basis. 

 Article 15. Governing Law 
  

	15.1	Governing Law. The Plan, and all agreements hereunder, shall be construed in accordance with and governed by the laws of the State of Tennessee except to the extent
superseded by federal law. 

 Article 16. Miscellaneous 
  

	16.1	Severability. If any provision of the Plan shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining provisions of the
Plan, but the Plan shall be construed and enforced as if such illegal or invalid provision had never been included herein. 

  

	16.2	Notification of Addresses. Each Participant and each beneficiary shall file with the Committee, from time to time, in writing, the post office address of the Participant, the
post office address of each beneficiary, and each change of post office address. Any communication, statement or notice addressed to the last post office address filed with the Committee (or if no such address was filed with the Committee, then to
the last post office address of the Participant or beneficiary as shown on the Company’s records) shall be binding on the Participant and each beneficiary for all purposes of the Plan and neither the Committee nor the Company shall be obliged
to search for or ascertain the whereabouts of any Participant or beneficiary. 

  

	16.3	Bonding. The Committee and all agents and advisors employed by it shall not be required to be bonded. 

 Article 17. Effective Date 
  

	17.1	Effective Date. The Plan shall be effective as of January 1, 2000, as amended effective as of July 1, 2001, and as further amended and restated effective as of
January 1, 2009, except as specifically provided otherwise. 

  

 Page 15

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