Document:

Amended and Restated Supplemental Retirement Plan

 Exhibit 10.1 
  
 AMSOUTH BANCORPORATION 
 SUPPLEMENTAL RETIREMENT PLAN 
 Amended and Restated as of January 1, 2004 
  
 AmSouth Bancorporation, with its principal offices located at Birmingham, Alabama
(“Sponsor”), is currently the sponsor of the AmSouth Bancorporation Retirement Plan (“Retirement Plan”) in order to provide retirement benefits to its employees and the employees of its participating subsidiaries. 
  
 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 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. 
  

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 Effective May 24, 2001, the Plan was amended and restated, and the Plan has subsequently been amended by two amendments
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. 
  
 AmSouth Bancorporation hereby amends and restates this supplemental plan as set forth below. 
  
 ARTICLE I 
  
 TITLE; DEFINITIONS 
  
 Section 1.01. The supplemental retirement plan set forth below shall be known as the AmSouth Bancorporation Supplemental Retirement Plan (“Supplemental
Plan”). 
  
 Section 1.02. The term “Member” shall refer to a
person who is a member of (participant in) the Retirement Plan. 
  
 Section
1.03. The term “Plan Year” shall mean a calendar year. 
  
 Section 1.04. The term “Committee” shall mean the AmSouth Benefits Committee under the Retirement Plan. 
  
 ARTICLE II 
  
 PARTICIPATION IN THE SUPPLEMENTAL PLAN 
  
 Section 2.01. A select group of management or highly compensated Members whose benefits under the Retirement Plan (whether payable by reason of the Member’s retirement, death, disability or other
termination of employment) may be limited upon and after their commencement pursuant to Section 415 and/or Section 401(a)(17) 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) Members 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, and/or (ii) former Participants with an accrued Excess Benefit whose employment with AmSouth
Bancorporation or one of the Electing Employers terminated on or before January 1, 1995. In addition, after January 1, 1995 and prior to July 1, 2004, other employees of the Sponsor or an Electing Employer became Participants in this Supplemental
Plan as of the first day of the month immediately following the date such employee’s Eligibility Compensation first equals or exceeds $150,000 and such employees are selected to participate in this Supplemental 

  

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Plan. Participants who were in the FAC Program as of December 31, 2000, became Participants in this Supplemental Plan. Effective July 1, 2004, an employee of
the Sponsor or an Electing Employer shall become a Participant in this Supplemental 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 $175,000, and (iii) such employee is selected to participate in this Plan. Notwithstanding the foregoing, any employee of the Sponsor or an Electing Employer whose
Compensation equals or exceeds $150,000 but does not equal or exceed $175,000 on July 1, 2004 shall become 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 Members eligible to
participate in the Supplemental Plan pursuant to this Section 2.01 is maintained in the permanent records of the AmSouth Bancorporation Human Resources Division. 
  
 ARTICLE III 
  
 BENEFITS UNDER THE SUPPLEMENTAL PLAN 
  
 Section 3.01. 
  
 Benefits Payable At Retirement After January 1, 1995 and Prior to January 1, 2004 
  
 Benefits payable under this Supplemental Plan to or on behalf of a Participant who retires
after January 1, 1995 and prior to January 1, 2004 shall be equal to the excess, if any, of (A) less (B) (the “Excess Benefits”) where (A) is such Participant’s benefits as a Member of 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 or limiting the amount of compensation taken into account as provided by Section 401(a)(17) of the Code, and further calculated by
substituting the definition of “Monthly Earnings” set forth in this Section 3.01 in place of the definition of such term in the Retirement Plan, and (B) is the amount of benefits actually payable under the Retirement Plan. 
  
 For purposes of this Section 3.01 only, “Monthly Earnings” shall mean the sum of
(i) the Participant’s regular basic monthly earnings prior to the effect of elections under any plan or plans maintained by the Sponsor or an Electing Employer which are within the scope of Sections 125 or 401(k) of the Code, and (ii)
one-twelfth of the bonus earned by a Participant under the Executive Incentive Plan or other incentive plans maintained by the Sponsor for the particular Plan Year, including Plan Years prior to January 1, 1995 (regardless of whether the bonus is in
fact paid in a subsequent year). If a Participant retires, dies or becomes permanently disabled 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 AmSouth Bancorporation Compensation Committee based on information regarding the Sponsor’s and Participant’s performance as of the date of determination. 
  

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 Notwithstanding the foregoing, the AmSouth Bancorporation Compensation Committee shall have the authority in its sole
discretion to adjust the amount of the bonus taken into consideration in the definition of Monthly Earnings in this Section 3.01 for any and all Plan Years regardless of the fact that the adjusted bonus is higher or lower than the bonus actually
paid a Participant under the Executive Incentive Plan or other incentive plans maintained by Sponsor. 
  
 Benefits Payable At Retirement On or After January 1, 2004 
  
 Notwithstanding the foregoing, benefits payable under this Supplemental Plan to or on behalf of a Participant who retires on or after
January 1, 2004 shall be equal to the excess, if any, of (A) less (B) (the “Excess Benefits”) where (A) is such Participant’s benefits as a Member of 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 definition of “Monthly Earnings”
set forth above in this Section 3.01 in place of the definition of such term in the Retirement Plan; by using a service cap of 35 Years of Credited Service (as defined in the Retirement Plan) rather than 30 Years of Credited Service; and by
substituting the definition of “Average Monthly Earnings” set forth in this Section 3.01 in place of the definition of such term in the Retirement Plan; and (B) is the amount of benefits actually payable under the Retirement Plan.

  
 For purposes of this Section 3.01 only, for a Participant who retires on or
after January 1, 2004, “Average Monthly Earnings” shall mean the result obtained by dividing the Participant’s Monthly Earnings paid by an Employer during the three (3) highest consecutive Complete Plan Years (as defined in
Section 1.08 of the Retirement Plan) 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) Complete Plan Years of earnings after applying the Break in Service rules of Section 4.07 of the Retirement Plan, if applicable, all of his or her Complete Plan Years of earnings (less
than three (3)) will be used and the divisor will be twelve (12) times the total number of such Complete Plan Years. 
  
 Participants who are members of the Management Committee of AmSouth Bancorporation and other senior executives selected by senior management who retire on or after
January 1, 2004 shall receive the greater of (i) his or her Excess Benefits calculated pursuant to the preceding paragraphs, or (ii) if eligible as provided below in this Section 3.01 under Eligibility to Receive an Enhanced Benefit, 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 Retirement Plan
benefits actually payable as a life annuity, regardless of the form of 

  

 4 

 
payment actually elected under the Retirement Plan (calculated as if the Participant elected a life annuity beginning on the date of benefit commencement
under this Supplemental Plan); (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), and (3)
monthly noncontributory qualified and nonqualified retirement benefits earned from any prior employer (based on a life annuity distribution at age 65 calculated at the earlier of (a) the actual date of benefit commencement under the prior employer
plan or (b) the date of termination of employment with the Sponsor, actuarially adjusted as provided in the definition of “Actuarial Equivalent” in the Retirement Plan). For purposes of (A) above, Credited Service will be as defined in the
Retirement Plan, but subject to a service cap of 35 years. 
  
 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. 
  
 The Enhanced Benefit is a monthly benefit payable for life on and after age 65. For members
of the Management Committee, 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. For other senior executives selected by senior management to be entitled to the Enhanced 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. 
  
 Eligibility to Receive an Enhanced Benefit 
  
 Except as provided herein, a Participant must attain age 60 with at least 10 Years of Service (as defined in the Retirement Plan) while
actively employed and while eligible to participate in this 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. In the event of a 

  

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Change in Control resulting in a Participant’s termination of employment under his or her executive severance agreement, the Participant will be
eligible to receive an Enhanced Benefit based on service through his or her date of termination regardless of age or Years of Service. Otherwise, if a Participant terminates employment or ceases participation in this Plan prior to attaining age 60
and completing 10 Years of Service, the Participant will not be entitled to receive an Enhanced Benefit. Notwithstanding the foregoing requirements of this paragraph, solely for purposes of determining a Participant’s eligibility for an
Enhanced Benefit, the Human Resources Committee of the Board of Directors has the discretion to count a Participant’s years of service with an entity acquired by AmSouth Bancorporation or an affiliate thereof in determining whether a
Participant has completed 10 Years of Service to be eligible to receive an Enhanced Benefit. 
  
 Calculation of Enhanced Benefits in the Event of Disability or Change in Control 
  
 Effective on and after January 1, 2004, in the event a Participant eligible for an Enhanced
Benefit as described above becomes disabled prior to attaining age 60 and completing 10 Years of Service, or in the event of a Change in Control prior to the date such Participant attains age 60 and completes 10 Years of Service, the Participant
shall receive the greater of (i) his or her Excess Benefits calculated as provided above, or (ii), if eligible as provided in this paragraph, 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) monthly Retirement Plan benefits actually payable as a life annuity beginning at age 60 in the case of a Participant who is a member of the Management Committee, or age 62 for any Participant who is not a member
of the Management Committee, regardless of the form of payment actually elected under the Retirement Plan; (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), and (3) monthly noncontributory qualified and nonqualified retirement benefits earned from any prior employer (based on a life annuity distribution at age 65 calculated at the
earlier of (a) the actual date of benefit commencement under the prior employer plan or (b) the date of termination of employment with the Sponsor, and actuarially adjusted as provided in the definition of “Actuarial Equivalent” in the
Retirement Plan). For purposes of (A) above, Credited Service will be as defined in the Retirement Plan, but subject to a service cap of 35 years. 
  
 If a Participant becomes disabled or is terminated due to a Change in Control prior to attaining age 60 and completing 10 Years of Service, the Participant may elect to
receive his or her Enhanced Benefit payments beginning on or after attainment of age 55. The Enhanced Benefit will be calculated as provided in the preceding paragraph and will be actuarially reduced by the early retirement reduction factors set out
in the Retirement Plan for benefit commencement prior to attainment of age 60 in the case of a member of the Management Committee or attainment of age 62 in the case of a Participant who is 

  

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not a member of the Management Committee. In determining the early retirement reduction factor for a member of the Management Committee in the event of
disability or termination due to a Change in Control prior to age 60, 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. In addition, in the event
of a Change in Control, any Participant may elect to receive a lump sum payment equal to the actuarial value of his or her Enhanced Benefit, determined based on Code Section 417(e) rates and an assumed retirement date of age 60 for Participants who
are members of the Management Committee and age 62 for Participants who are not members of the Management Committee. 
  
 Calculation of Enhanced Benefits in the Event of Death 
  
 Effective on and after January 1, 2004, in the event a Participant eligible for an Enhanced Benefit as described above dies prior to
attaining age 60 and completing 10 Years of Service, the Participant shall receive the greater of (i) his or her Excess Benefits calculated as provided above, or (ii), if eligible as provided in this paragraph, 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 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), and (2) monthly noncontributory qualified and nonqualified retirement benefits earned from any prior employer (based on a life annuity distribution at age 65 calculated at the
earlier of (a) the actual date of benefit commencement under the prior employer plan or (b) the date of termination of employment with the Sponsor, and actuarially adjusted as provided in the definition of “Actuarial Equivalent” in the
Retirement Plan). For purposes of (A) above, Credited Service will be as defined in the Retirement Plan, but subject to a service cap of 35 years. After calculating the Enhanced Benefit as provided in this paragraph above, the Enhanced Benefit will
be reduced as follows: (i) if a Participant dies prior to attaining age 60 in the case of a Participant who is a member of the Management Committee or age 62 in the case of a Participant who is not a member of the Management Committee, the
Participant’s Enhanced Benefit will be reduced 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; (ii) the Enhanced
Benefit will be reduced from the amount payable as a life annuity to the amount payable as a joint and 100% survivor annuity, based on the actuarial factors set out in the Retirement Plan; and (iii) the Enhanced Benefit will be reduced for any
survivor benefit (calculated as a monthly benefit) payable under the Retirement Plan. In determining the early retirement reduction factor for a member of the Management Committee in the event of death prior to age 60, 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. 
  

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 Section 3.02. Except as provided in Section 3.01 above, a Participants’ Excess Benefits and Enhanced Benefit
shall be calculated and paid in the same manner regularly applied by the Sponsor to all of the relevant terms and conditions of the Retirement Plan. Notwithstanding any provision of this Plan to the contrary, determination of benefits under this
Plan under optional forms of payment will continue to be based on the actuarial factors in effect in the Retirement Plan prior to October 1, 2004, and the revised actuarial factors adopted for the Retirement Plan effective October 1, 2004 shall not
apply in determining benefits under this Plan. 
  
 Section 3.03. Except as
specifically provided in Section 3.01 above, a Participant’s Excess Benefits or Enhanced Benefits shall be paid at the time, in the manner and to the person when, as and to whom or which the benefits payable to or on behalf of the Participant
as a Member of the Retirement Plan which give rise to Participant’s Excess Benefits or Enhanced Benefits are paid or in such manner otherwise approved by the Board of Directors of the Sponsor. Notwithstanding anything to the contrary herein,
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 3.05 below shall be paid in a lump sum. 
  
 Section 3.04. 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 3.05 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 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 3.05. Notwithstanding anything in the Supplemental Plan to the contrary, in
the event that a Participant is employed by the Sponsor (or any entity that must be treated as a single employer with the Sponsor pursuant to Section 414(b), (c), (m) or (o) of the Code) at the time of a Change in Control (as defined herein), the
Participant shall (regardless of whether he has become a Retiree or attained age 55 on the date of his termination of employment) be entitled to a lump sum payment of a retirement benefit under the Supplemental Plan (determined as if he were to
become a Retiree upon 

  

 8 

 
termination of employment) if the Participant’s employment with the Sponsor (or any entity that must be treated as a single employer with the Sponsor
pursuant to Section 414(b), (c), (m) or (o) of the Code) terminates within two (2) years after a Change in Control has occurred. 
  
 For purposes of this Plan, a “Change in Control” shall mean: 
  
 (a) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either (i) the then outstanding shares of common stock of the Sponsor (the
“Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Sponsor entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”);
provided, however, that for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Sponsor, (ii) any acquisition by the Sponsor, (iii) any acquisition by an
employee benefit plan (or related trust) sponsored or maintained by the Sponsor or any corporation controlled by the Sponsor, or (iv) any acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of
subsection (c) of this section; or 
  
 (b) Individuals who, as of the date hereof,
constitute the Board (the “Incumbent 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 by the Sponsor’s shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for
this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; or 
  
 (c) Consummation
of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Sponsor (a “Business Combination”), in each case, unless following such Business Combination, (i) all or
substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own,
directly or indirectly, more than 60% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be,
of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Sponsor or all or substantially all of the Sponsor’s assets either directly or through one
or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business 

  

 9 

 
Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation
resulting from such Business Combination or any employee benefit plan or related trust of the Sponsor or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then
outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that the such ownership existed prior to
the Business Combination, and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement,
or the action of the Board, providing for such Business Combination; or 
  
 (d)
Approval by the shareholders of the Sponsor of a complete liquidation or dissolution of the Sponsor. 
  
 Section 3.06. 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 Excess Benefits hereunder the same procedures as are set forth in the Retirement Plan governing claims for benefits and appeals to the Committee from denials of claims for benefits.

  
 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 Excess 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 Excess Benefits. 
  

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 Section 5.02. In all respects any Excess 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. Every subsidiary or affiliate of the Sponsor shall become an Electing
Employer hereunder without further action as of January 1, 1991, or its later date of 80% ownership, directly or indirectly, by the Sponsor. 
  
 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 7.02 below. 
  
 ARTICLE VII 
  
 MISCELLANEOUS 
  
 Section 7.01. The Supplemental Plan may be amended or discontinued by the Sponsor, and may be amended by the Committee at any time except as provided in Section 7.02 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 Section 7.02 below. 
  
 Section 7.02. Notwithstanding the provisions of Sections 6.02 or 7.01: 
  
 (a) Excess Benefits or 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 discontinuance of the Supplemental Plan, the removal of Participants or the withdrawal by an Electing Employer. 
  
 (b) Excess Benefits or Enhanced Benefits hereunder which have been accrued prior to the date of any amendment or discontinuation 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 

  

 11 

 
Participant or withdrawal by an Electing Employer shall deprive a Participant of said accrued Excess Benefit. 
  
 Section 7.03. 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. 
  
 Section 7.04. None of the Participant’s rights to Excess 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 7.05. The Supplemental Plan shall be construed in accordance with the laws of the State of Alabama, except where such laws
are superseded by ERISA, in which case ERISA shall control. 
  
 Section
7.06. 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 7.07. Any participant may file a claim for benefits. If the claim is denied, the claimant shall be provided written notice within 90 days with: 
  
 (a) Specific reasons for the denial; 
  
 (b) Specific references to the Plan provisions on which the denial is based; 
  
 (c) A description of any additional information needed and why it is needed; and 

 

 12 

 (d) 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. 
  
 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. 
  
 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 Claims Review 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:

  
 (a) 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; 
  
 (b) 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. 
  
 The Claims Review Committee shall meet quarterly on the third Thursday in the months of
February, May, August and November or such other time as the Claims Review Committee shall determine, provided that a claim is pending. If a claim is received by the Claims Review 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. 
  
 The Claims Review 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 7.08. 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 

  

 13 

 
be construed and enforced as if such illegal and invalid provision had never been inserted herein for application to the particular circumstance or instance.

  
 IN WITNESS WHEREOF, AmSouth Bancorporation has caused this amended and
restated Supplemental Plan to be executed this 30th day of June, 2004, effective as of January 1, 2004. 
  

			
	AMSOUTH BANCORPORATION
		
	 By:
	 	/s/    C. DOWD RITTER
	 Its:
	 	Chairman, President, and Chief
Executive Officer

  

			
	 ATTEST:

		
	 By:
	 	 /s/    MICHELLE A. BRIDGES
	 Its:
	 	 Assistant Secretary

  

 14Amended and Restated Supplemental Thrift Plan

 Exhibit 10.2 
  
 AMSOUTH BANCORPORATION 
 SUPPLEMENTAL THRIFT PLAN 
 Amended and Restated as of January 1, 2004 
  
 Article I. The Plan 
  

	1.1	Establishment of the Plan 

  
 AmSouth Bancorporation (the “Company”) established the AmSouth Bancorporation Supplemental Thrift Plan for eligible employees of the Company and participating
Affiliates effective as of January 1, 1995. This plan shall be known as the AmSouth Bancorporation Supplemental Thrift Plan (the “Plan”). 
  

	1.2	Purpose of the Plan 

  
 The Plan is intended to restore benefits that are cut back as a result of certain legal limits that apply to the AmSouth Bancorporation Thrift Plan. 
  
 The group of eligible employees shall be limited to a “select group of management or highly compensated employees” within the
meaning of ERISA Section 201(2). 
  
 Benefits provided under this Plan shall be
paid solely from the general assets of the Company and participating Affiliates. This Plan, therefore, is exempt from the participation, vesting, funding and fiduciary requirements of Title I of ERISA. The Company may establish a rabbi trust (the
“Trust”) which may be used to pay benefits arising under the 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 Company shall pay such benefits, costs, charges and expenses. 
  

	1.3	Applicability of the Plan 

  
 This Plan applies only to eligible Employees who are in the active employ of the Company or a participating Affiliate on or after January 1, 1995. 
  
 Article II. Definitions 
  
 Whenever used in the Plan, the following terms shall have the meanings set forth below unless otherwise expressly provided. When the defined
meaning is intended, the term is capitalized. The definition of any term in the singular shall also include the plural. 
  

	2.1	Account 

  
 Account means the bookkeeping account for each Participant that represents the Participant’s total interest under the Plan. A Participant’s Account consists of the following subaccounts: 
  

	(a)	Salary Reduction Contributions Account means the portion of the Participant’s Account attributable to salary reduction contributions made on the Participant’s behalf under
Section 4.1, including any gains and losses credited on such contributions under Section 5.2. 

  

 1 

	(b)	Matching Contributions Account means the portion of the Participant’s Account attributable to matching contributions made by the Employer on the Participant’s behalf under
Section 4.2 including any gains and losses credited on such contributions under Section 5.2. 

  

	2.2	Affiliate 

  
 Affiliate means – 
  

	(a)	AmSouth Bancorporation, and 

  

	(b)	any other entity which, along with the Company, is a member of a controlled group of employers under Code Section 414(b), (c), (m), or (o). 

  

	2.3	Beneficiary 

  
 A Participant’s Beneficiary under this Plan shall be the same person or entity designated as the Participant’s beneficiary under the Thrift Plan. 
  

	2.4	Board 

  
 Board means the Company’s Board of Directors. 
  

	2.5	Code 

  
 Code means the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time. A reference to a particular section of the Code shall also be deemed to refer to the regulations under that Code
section. 
  

	2.6	Company 

  
 Company means AmSouth Bancorporation or any successor thereto. 
  

	2.7	Compensation 

  
 Compensation for any Plan Year means a Participant’s “Compensation” as defined under the Thrift Plan, without regard to any limits on such Compensation imposed by Code section 401(a)(17). 
  

	2.8	Employee 

  
 Employee means any person who is employed by the Company or an Affiliate. 
  

 2 

	2.9	Employer 

  
 Employer means the Company and each Affiliate which has adopted this Plan for its eligible Employees. 
  

	2.10	ERISA 

  
 ERISA means the Employee Retirement Income Security Act of 1974, as amended, or as it may be amended from time to time. A reference to a particular section of ERISA shall also be deemed to refer to the regulations
under such section. 
  

	2.11	Participant 

  
 Participant means an Employee of an Employer who has met, and continues to meet, the eligibility requirements of Section 3.1. 
  

	2.12	Plan 

  
 Plan means the AmSouth Bancorporation Supplemental Thrift Plan, as amended from time to time. 
  

	2.13	Plan Administrator 

  
 Plan Administrator means the AmSouth Benefits Committee. 
  

	2.14	Plan Year 

  
 Plan Year means the calendar year. 
  

	2.15	Thrift Plan 

  
 Thrift Plan means the AmSouth Bancorporation Thrift Plan, which is a defined contribution profit sharing plan with a cash or deferred arrangement qualified under Code Sections 401(a), (k) and (m), as amended from time
to time. 
  

	2.16	Termination of Service 

  
 Termination of Service means an Employee’s death or resignation, discharge, or retirement from the Company and its Affiliates. 
  

	2.17	Valuation Date 

  
 Valuation Date means the last day of each calendar quarter and any other date that the Plan Administrator selects in its sole discretion for the revaluation and adjustment of Accounts. 
  

 3 

 Article III. Participation 
  
 3.1 Eligibility 
  

	(a)	Any Employee who was eligible to participate in the Thrift Plan and whose 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 automobile or club dues, and the Prior Profit Sharing Plan Bonus (“Base Salary”) as of January
1, 1995 was equal to or greater than $150,000, became a Participant in this Plan as of January 1, 1995. 

  

	(b)	Prior to July 1, 2004, any other Employee who is eligible to participate in the Thrift Plan and whose 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 automobile or club dues, and the Prior Profit Sharing Plan Bonus (“Base
Salary”) is equal to or greater than $150,000 as of January 1 shall be a Participant in this Plan as of that January 1. Prior to July 1, 2004, any employee hired during the year whose Base Salary is equal to or greater than $150,000 on the date
of hire shall be a Participant immediately. After January 1, 2004 and prior to July 1, 2004, any Employee who was employed prior to January 1, 2004 whose salary was equal to or greater than $150,000 but less than $175,000 and who was not a
Participant in the Plan on January 1, 2004 shall become a Participant on January 1, 2005. Notwithstanding the foregoing, any person who becomes an Employee on or after July 1, 2004, and any person who is an Employee prior to July 1, 2004 who is
eligible to participate in the Thrift Plan as of July 1, 2004 and whose Base Salary (as defined above in this paragraph) is not equal to or greater than $150,000 as of July 1, 2004 shall be a Participant in this Plan as of the January 1 following
the date that his or her Base Salary equals or exceeds $175,000. Effective July 1, 2004, any employee hired during the year whose Base Salary is equal to or greater than $175,000 on the date of hire shall be a Participant immediately.

  

	(c)	Any other Employee shall be a Participant on the first day of the month immediately following the date he or she is designated in writing as a Participant in this Plan by the Chief
Executive Officer of the Company or his designee. 

  
 However, no
Employee shall become a Participant unless the Employee is a member of a “select group of management or highly compensated employees” within the meaning of ERISA Section 201(2). 
  

	3.2	Duration 

  
 An Employee who becomes a Participant under Section 3.1 shall remain an active Participant until his or her Termination of Service. No contributions shall be credited to the Account of an individual after his active
participation has been terminated. However, such an individual shall continue to be a Participant for all other purposes until all benefits which he or she is entitled to receive under this Plan have been paid. 
  

 4 

	3.3	Irrevocable Election of Form of Distribution 

  
 Upon becoming eligible to participate in this Plan, a Participant shall make a one-time irrevocable election of the form of distribution of benefits from the Plan on a
form provided by the Plan Administrator. An election to receive installment distributions shall be revocable in the event of a Change in Control of the Company as defined in Section 4.4. The Participant must choose to receive benefit distributions
at his or her Termination of Service (in accordance with Section 6.1) in (a) a lump sum cash payment within 90 days of the Valuation Date immediately following the Participant’s Termination of Service; (ii) substantially equal annual
installments over a period of five years beginning within 90 days of the Valuation Date immediately following the Participant’s Termination of Service; or (iii) substantially equal annual installments over a period of 10 years beginning within
90 days of the Valuation Date immediately following the Participant’s Termination of Service. All Participants who are actively employed and are participating in the Plan on December 31, 2003 must make the irrevocable election on or prior to
December 31, 2003 on a form provided by the Plan Administrator. Any such Participant who fails to complete and return an election form during such period will be deemed to have irrevocably elected to receive a lump sum distribution as described in
(i) above. Any election to receive installment distributions rather than a lump sum distribution by an individual who is a Participant in the Plan on December 31, 2003 will not become effective until January 1, 2006. If such a Participant becomes
entitled to a distribution prior to January 1, 2006, such distribution shall be paid in a lump sum as provided above. Notwithstanding any election by the Participant, if the Participant’s balance at the time of his or her Termination of Service
does not exceed $50,000, the Participant’s benefit shall be paid in a lump sum cash payment within 90 days of the Valuation Date immediately following the Participant’s Termination of Service 
  
 Article IV. Benefits 
  

	4.1	Salary Reduction Contributions. 

  

	(a)	Salary Reduction Agreement. Each Participant in this Plan may execute a supplemental salary reduction agreement on a form prescribed by the Plan Administrator. On this form
the Participant may elect to reduce his or her Compensation for the Plan Year by a whole percentage that does not exceed twenty-five percent (25%). The supplemental salary reduction agreement shall be executed prior to the first day of the Plan Year
for which it is to be effective, or in the case of a Participant who first becomes eligible to participate in the Plan during the Plan Year, the supplemental salary reduction agreement shall be executed within 30 days of initial eligibility under
this Plan effective for Compensation earned subsequent to the election. The supplemental salary reduction agreement for any Plan Year shall be irrevocable for such Plan Year. Moreover, an election for a Plan Year shall remain in full force and
effect for all subsequent Plan Years unless modified or revoked by the Participant in writing to the Plan Administrator before the first day of the Plan Year for which such modification or revocation is to be effective. Notwithstanding the preceding
sentence, a supplemental salary reduction agreement shall be revoked automatically once a Participant ceases to be an active Participant as set forth in Section 3.2 of this Plan. 

  

 5 

	(b)	Effectiveness of Salary Reduction Agreement. A Participant’s supplemental salary reduction agreement shall take effect and amounts specified in the supplemental salary
reduction agreement shall begin to be credited to such Participant’s Salary Reduction Contributions Account at such time as the Participant has made the maximum pre-tax elective deferrals to the Thrift Plan allowed by Code Section 402(g) or by
the provisions of the Thrift Plan. 

  

	(c)	Allocation. Salary reduction contributions shall be allocated to the Participant’s Salary Reduction Contributions Account as of the last day of each calendar quarter
within the Plan Year. 

  

	4.2	Employer Matching Contributions 

  

	(a)	Eligibility. A Participant shall be credited with matching contributions under this Plan for such Plan Year at such time as the Participant ceases to receive a matching
contribution under Section 4.01 of the Thrift Plan, regardless of whether such Participant’s supplemental salary reduction agreement has become effective as provided in Section 4.1(b) above. 

  

	(b)	Amount. The amount of matching contributions credited to a Participant’s account under this Plan shall be equal to 100% of the sum of (i) and (ii) below:

  

	 	(i)	the Participant’s unmatched (determined on a per payroll basis) pre-tax elective deferrals made to the Thrift Plan pursuant to Section 4.02 of the Thrift Plan; and

  

	 	(ii)	salary reduction contributions credited to the Participant’s account under this Plan pursuant to the Participant’s supplemental salary reduction agreement.

  
 Provided, however, that (A) no matching
contributions shall be made on salary reduction contributions or deferrals under (i) or (ii) above to the extent that such salary reduction contributions or deferrals (determined on a per payroll basis) exceed six percent (6%) of a
Participant’s Compensation; and (B) nothing in this Section 4.2 shall entitle a Participant to be credited with a matching contribution under this Plan for any salary reduction contribution or deferral made to the Thrift Plan prior to the time
such Participant has received the maximum matching contributions to the Thrift Plan allowed under the terms of the Thrift Plan. 
  

	(c)	Allocations. Matching contributions shall be allocated to the Participant’s Matching Contributions Account as of the last day of each calendar quarter within the Plan
Year. 

  

	4.3	Forfeitability of Benefits. 

  
 Participants shall have a 100% vested and nonforfeitable right to the balance of their Account under this Plan at all times, subject, however, to the substantial risk of
forfeiture set forth in Section 5.3. 
  

 6 

	4.4	Changes in Control 

  
 Notwithstanding anything in the Plan to the contrary, in the event that a Participant is employed by the Company (or any entity that must be treated as a single employer with the Company pursuant to Section 414(b),
(c), (m) or (o) of the Code) at the time of a Change in Control (as defined herein), the Participant shall (regardless of whether he has become a Retiree or attained age 55 on the date of his termination of employment) be entitled to payment of a
retirement benefit under the Plan in the form elected by the Participant in his or her irrevocable election pursuant to Section 3.3 (determined as if he were to become a Retiree upon termination of employment) if the Participant’s employment
with the Company (or any entity that must be treated as a single employer with the Company pursuant to Section 414(b), (c), (m) or (o) of the Code) terminates within two (2) years after a Change in Control has occurred. 
  
 For purposes of this plan, a “Change in Control” shall mean: 
  

	(a)	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Action of 1934, as amended (the “Exchange
Act”)) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) or 20% or more of either (i) the then outstanding shares of common stock of the Company (the “Outstanding Company
Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that
for purposes of this subsection (a), the following acquisitions shall not constitute a Change in Control: (i) any acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or
related trust) sponsored or maintained by the Company or any corporation controlled by the Company, or (iv) any acquisition by any corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of subsection (c) of this
section; or 

  

	(b)	Individuals who, as of the date hereof, constitute the Board (the “Incumbent 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 by the Company’s shareholders, was approved by a vote of at least a majority of the directors then comprising the
Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election
contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or 

  

	(c)	 Consummation of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company (a “Business
Combination”), in each case, unless, following such Business Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company
Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 

  

 7 

	 	 
60% of, respectively, the then outstanding shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all
of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company Common Stock and Outstanding
Company Voting Securities, as the case may be, (ii) no Person (excluding any corporation resulting from such Business Combination or any employee benefit plan or related trust of the Company or such corporation resulting from such Business
Combination) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting
securities of such corporation except to the extent that the such ownership existed prior to the Business Combination, and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination
were members of the Incumbent Board at the time of the execution of the initial agreement, or the action of the Board, providing for such Business Combination; or 

  

	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

  
 Article V. Accounts; Financing 
  

	5.1	Participant Accounts 

  
 Each contribution credited to a Participant under Article IV shall be allocated to an individual bookkeeping Account maintained on behalf of that Participant by the Plan Administrator. Each Participant’s Account
shall be adjusted for earnings in the manner described in Section 5.2. 
  

	5.2	Valuation of Participant Accounts 

  
 As of each Valuation Date, each Participant’s Account shall be adjusted to reflect earnings as follows: An average of the Participant’s Account (the
“Average Account Balance”) shall be obtained by dividing (a) the sum of (i) the Participant’s Account as of the immediately preceding Valuation Date, and (ii) the Participant’s Account as of the immediately preceding Valuation
Date plus all contributions since the immediately preceding Valuation Date, by (b) two. The Participant’s Average Account Balance shall be multiplied by the Applicable Interest Rate, and this product shall be added to or subtracted from the
Participant’s Account. The “Applicable Interest Rate” for a Participant shall be the Participant’s personal rate of return in the Thrift Plan for the quarter as reflected on his or her Thrift Plan statement for the quarter. If
the Participant does not have a balance in the Thrift Plan as of the Valuation Date, the Participant’s Account shall be adjusted to reflect earnings by multiplying the Participant’s Average Account Balance by the average rate of return for
the “fixed income fund” in the Thrift Plan for the period. 
  

 8 

	5.3	Financing 

  
 The benefits under this Plan shall be paid out of the general assets of the Employers (including assets held in the Trust). No Participant or Beneficiary shall have any interest in any specific asset of any Employer.
To the extent that any person acquires a right to receive payments under this Plan, such right shall be no greater than the right of any unsecured general creditor of any Employer. Nothing contained in this Plan, and no action taken pursuant to the
provisions of this Plan, shall create a fiduciary relationship between an Employer and any Participant or Beneficiary or a right of continued employment for any Participant. 
  
 Article VI. Distributions 
  

	6.1	Termination of Service. 

  
 Upon a Participant’s Termination of Service, the Participant shall be entitled to the balance of his or her Account. This balance shall be paid to the Participant
pursuant to the Participant’s election of distribution form as provided in Section 3.3. 
  

	6.2	Death of the Participant 

  
 If the Participant dies before the distribution of his or her Account is completed, the balance in the Account shall be distributed to the Participant’s Beneficiary
in a lump sum cash payment or in 5 or 10 year annual installments based on the form of distribution elected by the Participant as provided in Section 3.3, beginning within 90 days of the Valuation Date immediately following the Participant’s
death. Notwithstanding any election by the Participant, if the Participant’s balance at the time of his or her death does not exceed $50,000, the Participant’s benefit shall be paid to his or her Beneficiary in a lump sum cash payment
within 90 days of the Valuation Date immediately following the Participant’s death. 
  

	6.3	No In-Service Withdrawals 

  
 A Participant may not receive a distribution from his or her Account before incurring a Termination of Service. 
  
 Article VII. Administration 
  

	7.1	Administration 

  
 The Plan shall be administered by the Plan Administrator. The Plan Administrator shall have all powers necessary or appropriate to carry out the provisions of the Plan. It may, from time to time, establish rules for
the administration of the Plan and the transaction of the Plan’s business. The Plan Administrator shall have absolute and complete discretionary authority to interpret and administer the Plan and shall have the exclusive right to make any
finding of fact necessary or appropriate for any purpose under the Plan including, but not limited to, the determination of eligibility for and amount of any benefit. The Plan Administrator shall have the exclusive right to interpret the terms and
provisions of the Plan and to determine any and all questions arising under the Plan or in connection with its administration, including, without limitation, the right to remedy or resolve possible ambiguities, inconsistencies, or omissions by
general rule or 

  

 9 

 
particular decision, all in its sole and absolute discretion. To the extent permitted by law, all finding of fact, determinations, interpretations, and
decisions of the Plan Administrator shall be conclusive and binding upon all persons having or claiming to have any interest or right under the Plan. The Plan Administrator may, in its sole and absolute discretion, delegate any of its powers and
duties under this Plan to one or more individuals. In such a case, every reference in the Plan to the Plan Administrator shall be deemed to include such matters within their jurisdiction. The Plan Administrator shall have the right to consult with
attorneys and other advisors regarding its duties under this Plan, and such attorney and advisors may be employed by an Employer. 
  

	7.2	Appeals From Denial of Claims 

  
 Any Participant may file a claim for benefits. If the claim is denied, the claimant shall be provided written notice within 90 days with: 
  

	(a)	Specific reasons for the denial; 

  

	(b)	Specific references to the Plan provisions on which the denial is based; 

  

	(c)	A description of any additional information needed and why it is needed; and 

  

	(d)	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.

  
 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. 
  
 Any claimant for
a benefit (or, as applicable, his or her estate or other representative or beneficiary) may, within 60 days after receipt of a letter of denial, appeal to the Claims Review 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: 
  

	(a)	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. 

 

	(b)	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. 

  
 The Claims Review
Committee shall meet quarterly on the third Thursday in the months of February, May, August and November or such other time as the Claims Review Committee shall determine, provided that a claim is pending. If a claim is received by the Claims Review
Committee at least 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 

  

 10 

 
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. 
  
 The Claims Review 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. 
  

	7.3	Tax Withholding 

  
 The Employer may withhold from any payment under this Plan any federal, state, or local taxes required by law to be withheld with respect to the payment and any sum the Employer may reasonably estimate as necessary to
cover any taxes for which it may be liable and that may be assessed with regard to the payment. 
  

	7.4	Expenses 

  
 All expenses incurred in the administration of the Plan shall be paid by the Employers. 
  
 Article VII. Adoption of the Plan by Affiliates; Amendment and Termination of the Plan 
  

	8.1	Adoption of the Plan by Affiliate 

  
 All Affiliates of the Company are deemed to have adopted this Plan as of the later of (i) the effective date of this Plan as set forth in Section 1.1, or (ii) the date of
such Affiliate’s affiliation with the Company. 
  

	8.2	Amendment and Termination 

  
 The Company hereby reserves the right to amend, modify or terminate the Plan at any time and for any reason by action of the Board or the Committee. However, no amendment
or termination shall adversely affect the amount of benefits accrued by a Participant prior to the date of the amendment or termination. 
  
 Article IX. Miscellaneous Provisions 
  

	9.1	Nonalienation 

  
 No benefit payable under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge. Any attempt to anticipate, alienate, sell, transfer, assign,
pledge, encumber, or charge shall be void. Benefits shall not be in any manner subject to the debts, contracts, liabilities, engagements, or torts of, or claims against, any 

  

 11 

 
Participant or Beneficiary, including claims of creditors, claims for alimony or support, and any other like or unlike claims. 
  

	9.2	Distribution For Minors and Incompetents 

  
 In making any distribution to or for the benefit of any minor or incompetent person, the Plan Administrator, in its sole and absolute 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 Company and any Employer hereunder without any responsibility on its part or on the part of the Plan Administrator to see to the application thereof. 
  

	9.3	Severability 

  
 If any provision of this Plan shall be held illegal or invalid, the illegality or invalidity shall not affect its remaining parts. The Plan shall be construed and enforced as if it did not contain the illegal or
invalid provision. 
  

	9.4	Applicable Law 

  
 Except to the extent preempted by applicable federal law, this Plan shall be governed by and construed in accordance with the laws of the state of Alabama. 
  
 IN WITNESS WHEREOF, AmSouth Bancorporation, on behalf of itself and all participating Affiliates, has caused its authorized officers
to execute this document on June 30, 2004, effective as of January 1, 2004. 
  

			
	 AMSOUTH BANCORPORATION

		
	By:	 	/s/    C. DOWD RITTER
	 Its:
	 	Chairman, President and Chief Executive Officer

  

			
	ATTEST:
		
	 	 	 /s/    MICHELLE A. BRIDGES
	 Its:
	 	 Assistant Secretary

  

 12

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