Document:

BAC-12.31.2012-10K EX. 10 (l)

Exhibit 10 (l)

FIRST AMENDMENT
TO THE
RETIREMENT INCOME ASSURANCE PLAN FOR LEGACY FLEET
(AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009)

Instrument of Amendment

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

Statement of Purpose
By this Instrument, the Company is amending the Retirement Income Assurance Plan for Legacy Fleet (Amended and Restated Effective January 1, 2009) (the “Plan”) to reflect relevant changes resulting from the freeze of The Bank of America Pension Plan for Legacy Fleet, a component document of The Bank of America Pension Plan for Legacy Companies. The Company has reserved the right in Section 5.1 of the Plan to amend the Plan in whole or in part, on its own behalf and on behalf of its affiliated companies that participate in the Plan.
NOW, THEREFORE, the Company hereby amends the Plan effective as of June 30, 2012:
1.    Section 1.8 of the Plan is hereby amended to read in its entirety as follows:
“1.8    Delink Calculation Date
The date determined by the Global Human Resources Group that is not more than 75 days after the Participant's Termination of Employment; provided, however, that with respect to a Participant who is an Employee on October 1, 2012, the Delink Calculation Date is a date determined by the Global Human Resources Group that is not later than April 30, 2013.”

2.    Section 3.2(b) of the Plan is hereby amended by the addition of the following sentence at the end thereof:

“Notwithstanding anything in this subsection to the contrary, no compensation paid after June 30, 2012 shall be taken into account in determining Amount A.”

1

3.     Section 3.4(b)(i) of the Plan is hereby amended to read in its entirety as follows:

		
	“(i)
	Amount A is the amount of the benefit the Cash Balance Participant (or Beneficiary) would have been entitled to receive under the Basic Plan as of the Cash Balance Participant's Delink Calculation Date (expressed as a lump sum if not otherwise a lump sum) if 'earnings' under the Basic Plan included deferrals of base pay, commissions or non-discretionary incentive pay made under the Bank of America 401(k) Restoration Plan; provided, however, that if the limits of Section 1.16(c)(i) of the Basic Plan apply to the Cash Balance Participant, such deferrals will be taken into account under this paragraph only to the extent the deferrals, when added to the commissions, non-discretionary incentive pay and actual base pay previously counted under the Basic Plan in the same year, do not exceed the limit described in Section 1.16(c)(i) of the Basic Plan, and 'earnings' under the Basic Plan were not limited by Section 401(a)(17) of the Code but were limited to an annual maximum of $250,000, and the limitations of Section 415 of the Code (and provisions of the Basic Plan applying those limitations) did not exist; and provided further, however, that the 'earnings' taken into account for the 2012 Plan Year may not exceed $250,000 over (I) 'earnings' under the Basic Plan through June 30, 2012 and (II) 'ACC-eligible compensation' from July 1, 2012 through December 31, 2012 under the Savings Plan; and provided further, however, that if a participant has a Termination of Employment in 2012 after June 30, 2012, the 'earnings' described in clause (II) of the preceding proviso shall be considered only if the Participant's Termination of Employment (i) occurs when the Participant meets the requirements for Rule of 60, (ii) is because of an involuntary termination of employment by an Affiliated Group Member that entitles the Participant to severance pay under the Bank of America Corporate Severance Program, (iii) is in connection with a divestiture by the Company or any Affiliated Group Member, or (iv) is a result of the Participant's death; and”

4.    A new subsection (i) is hereby added to Section D.3. of Appendix A of the Plan to read in its entirety as follows:

		
	(i)
	“Notwithstanding anything in this section or the Plan to the contrary, no compensation paid after June 30, 2012 shall be taken into account in determining a Participant's benefit under this section.”

2

IN WITNESS WHEREOF, Bank of America Corporation, on behalf of all of the Participating Employers, has caused this Instrument to be duly executed on the 29 day of June, 2012.

BANK OF AMERICA CORPORATION

	
		
	By:
	/s/ Mark S. Behnke

Mark S. Behnke
Global Compensation, Benefits and
Shared Services Executive

3Converted by EDGARwiz

Exhibit 10.4

SUMMARY OF TRUSTEE COMPENSATION ARRANGEMENTS

Northeast Utilities (“NU”) pays each non-employee Trustee serving on January 1 an annual cash retainer in the amount of $100,000 for service on the Board during his or her term of office, including participation in all Board and Committee meetings.  In addition, Trustees holding the positions of Non-Executive Chairman of the Board, Lead Trustee, Chair of the Audit Committee, Chair of the Compensation Committee, Chair of the Corporate Governance Committee, and Chair of the Finance Committee on January 1 receive annual cash retainers in the amounts set forth below.  All cash retainers are payable in equal installments on the first business day of each calendar quarter.  

		
	Retainer

	Annual Amount

	Non-Executive Chairman of the Board

	$200,000

	Lead Trustee

	$25,000

	Audit Committee Chair

	$15,000

	Compensation Committee Chair

	$10,000

	Corporate Governance Committee Chair

	$10,000

	Finance Committee Chair

	$10,000

Each non-employee Trustee serving on January 1 also receives a grant under the Northeast Utilities Incentive Plan (the “Plan”), on the 10th business day of such year, of that number of Restricted Share Units (“RSUs”) resulting from dividing $100,000 by the average closing price of our common shares as reported on the New York Stock Exchange for the 10 trading days immediately preceding such date and rounding the resulting amount to the nearest whole RSU.  RSUs vest on the next business day following the grant, and distribution to the Trustee in equivalent common shares is deferred until the tenth business day of January in the year following retirement from Board service.  Any individual who is elected to serve as a Trustee after January 1 in any year receives an RSU grant prorated from the date of such election and granted on the first business day of the month following such election.  

On January 15, 2013, each non-employee Trustee was granted 2,545 RSUs under the Plan, all of which vested on January 16, 2013.

Share ownership guidelines set forth in NU’s Corporate Governance Guidelines require each Trustee to attain and hold 7,500 common shares and/or RSUs within five years after January 1 of the year following the date of their election to the Board.  All of the current Trustees exceed the share ownership guidelines or are expected to do so within the stated period.

Pursuant to the Northeast Utilities Deferred Compensation Plan for Trustees, prior to the beginning of each calendar year, each Trustee may irrevocably elect to defer receipt of all or a portion of their cash compensation.  Deferred funds are credited with interest at the rate set forth in Section 37-1 of the Connecticut General Statutes, which rate was 8% for all of 2012.  Deferred compensation is payable either in a lump sum or in one to five annual installments in accordance with the Trustee’s prior election.

 

In addition, NU pays travel-related expenses for spouses of Trustees who attend Board functions.  The Internal Revenue Service considers payment of travel expenses for a Trustee’s spouse to be imputed income to the individual Trustee.  Effective January 1, 2009, NU discontinued tax gross-up payments in connection with spousal travel expenses.PFE-12.31.2012-Ex 10.5

Exhibit 10.5

PFIZER LOGO

May 2012                

«FIRST_NAME» «LAST_NAME»
«ADDRESS1» 
«ADDRESS2»
«ADDRESS3»
«ADDRESS4»
«CITY», «STATE» «POSTAL»
«COUNTRY»

Dear «FIRST_NAME»:

On behalf of all our stakeholders, I want to thank you for the important role you play in Pfizer’s continued success.  I am pleased to inform you that on February 23, 2012, Pfizer’s Compensation Committee of the Board of Directors approved the following grant under Pfizer’s Executive Long-Term Incentive Program (“Program”).
	
				
	

Award Type
	Grant Price
	   
Shares (#)
	

Dates

	5-Year Total Shareholder Return Units (“5-YR TSRUs”) 

	$21.03
	«M_5Yr_TSRU»
	Grant Date – February 23, 2012
Vesting Date* – February 23, 2015
Settlement Date – February 23, 2017

	7-Year Total Shareholder Return Units (“7-YR TSRUs”) 

	$21.03
	«M_7Yr_TSRU»
	Grant Date – February 23, 2012
Vesting Date* – February 23, 2015
Settlement Date – February 23, 2019

	Performance Share Awards (“PSAs”)
	N/A
	«PFE_PS»
	Grant Date – February 23, 2012
Vesting Date* – February 23, 2015
Performance Period: January 1, 2012 through December 31, 2014

	Restricted Stock Units (“RSUs”)
	N/A
	«RSU»
	Grant Date – February 23, 2012
Vesting Date* – February 23, 2015

*This is also referred to as the date the restrictions lapse.

The enclosed Points of Interest document provides you with more detailed information about your grant and contains general information about the Program, applicable income tax consequences, and points of contact. This long-term incentive grant is governed by the terms and conditions set forth in this letter, the Points of Interest document and the Pfizer Inc 2004 Stock Plan, as amended and restated. It is important for you to read these materials, and it is recommended that you consult a qualified financial or tax advisor before making any decisions regarding the disposition of the stock resulting from the vesting of these awards.

These awards help you build ownership in Pfizer and a greater stake in the Company’s future success. I have great confidence in Pfizer’s future, and I look forward to working with you toward that future.  

Sincerely,

Ian C. Read
Chairman and
Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]