Document:

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                                                                   Exhibit 10.17

                NATIONAL CITY CORPORATION 1997 STOCK OPTION PLAN

               AS AMENDED AND RESTATED EFFECTIVE OCTOBER 22, 2001

1. AMENDMENT AND RESTATEMENTS

(a) The National City Corporation 1997 Stock Option Plan as amended and restated
effective October 22, 2001 is an amendment, restatement and continuation of the
National City Corporation 1997 Stock Option Plan.

(b) Purposes - The purposes of this 1997 Stock Option Plan are to provide
employment incentives and to encourage capital accumulation and stock ownership
by Eligible Employees of National City Corporation ("National City") or any of
its Subsidiaries, and to provide to designated Optionees under stock options
heretofore or hereafter granted pursuant to any stock option plan of National
City or any of its Subsidiaries an alternative method of realizing the benefits
provided by such stock options.

2. DEFINITIONS.

As used in this Plan,

(a) "Additional Option" means an Option Right granted to an Optionee to purchase
a number of shares of Common Stock equal to the number of shares of already
owned Common Stock relinquished by the Optionee as payment of the exercise price
upon exercise of an Option Right and/or the number of shares of Common Stock
tendered or relinquished as payment of the amount to be withheld under
applicable federal, state and local income tax laws in connection with the
exercise of an option as described in Section 5.

(b) "Additional Option Feature" means a feature of an Option that provides for
the automatic grant of an Additional Option in accordance with the provisions
described in Section 5.

(c) The term "Appreciation Right" means a right granted pursuant to Section 6 of
this Plan.

(d) The term "Board of Directors" means the Board of Directors of National City.

(e) The term "Committee" means the Committee provided for in Paragraph 10(a) of
this Plan.

(f) "Covered Executive" shall mean any individual who, is or is determined by
the Committee to be likely to become a "covered employee" within the meaning of
Section 162(m) of the Internal Revenue Code.

(g) The term "Common Stock" means Common Stock, par value $4 per share, of
National City or any security into which such Common Stock may be changed by
reason of any transaction or event of the type described in Section 8 of this
Plan.
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(h) The term "Eligible Employees" means persons who are at the time the officers
(including officers who are members of the Board of Directors) and other key
employees of National City or of any of its Subsidiaries.

(i) "Executive Officer" shall mean the chairman, chief executive officer,
president, vice chairman, executive vice president or a similar officer of the
Corporation, anyone designated by the Board as an executive officer of the
Corporation or a Covered Executive.

(j) The term "Internal Revenue Code" means the Internal Revenue Code of 1986, as
amended from time to time.

(k) The term "Incentive Stock Option" means an Option Right granted by National
City to an Eligible Employee, which Option Right is intended to qualify as an
"Incentive Stock Option" as that term is used in Section 422 of the Internal
Revenue Code.

(l) "Market Value per Share" means, at any date, the closing price, per share,
of the shares of Common Stock, on the New York Stock Exchange on the trading day
immediately preceding such date as reported by the Wall Street Journal (Midwest
Edition) or, if the Common Stock shall be primarily traded in another market, as
determined in a manner specified by the Board using quotations in such other
market.

(m) The term "Optionee" shall mean the optionee named in an agreement evidencing
an Outstanding Option.

(n) The term "Option Right" means the right to purchase a share of Common Stock
upon exercise of an Outstanding Option.

(o) The term "Outstanding Option" means, at any time, an option to purchase
shares of Common Stock granted by National City or any of its Subsidiaries
pursuant to this Plan or any other stock option plan of National City or any
such Subsidiary now or hereafter in effect, or pursuant to any stock option plan
of any corporation which is merged into National City and where National City
has by action of its Board of Directors, assumed the obligations of such
corporation under such stock option plan, all whether or not such option is at
the time exercisable, to the extent that such option at such time has not been
exercised and has not terminated.

(p) The term "Spread" means the excess of the Market Value per Share of Common
Stock on the date when an Appreciation Right is exercised over the option price
provided for in the related Option Right.

(q) The term "Subsidiary" shall mean any corporation in which at the time
National City owns or controls, directly or indirectly, not less than 50% of the
total combined voting power represented by all classes of stock issued by such
corporation.
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3. SHARES AVAILABLE UNDER PLAN.

(a) The shares of Common Stock which may be made the subject of Option Rights
and Appreciation Rights pursuant to this Plan may be treasury shares or shares
of original issue or a combination of the foregoing.

(b) Subject to adjustments in accordance with Paragraph 8 of this Plan, the
maximum number of shares of Common Stock which may be sold upon the exercise of
Option Rights granted pursuant to this Plan shall be 30,000,000 shares of Common
Stock which are made available for sale by virtue of this Plan. For purposes of
determining the number of shares that may be sold under the Plan, such number
shall increase by the number of shares surrendered by an optionee or
relinquished to National City (i) in connection with the exercise of an Option
Right or (ii) in payment of federal, state and local income tax withholding
liabilities upon exercise of an Option Right.

(c) Subject to adjustments in accordance with Paragraph 8 of this Plan, the
maximum number of shares of Common Stock which may be delivered upon the
exercise of Appreciation Rights granted pursuant to this Plan shall not exceed
30,000,000.

(d) Shares covered by Option Rights cancelled upon exercise of Appreciation
Rights shall not be available for the granting of further Option Rights under
this Plan or under any other stock option plan of National City or of any of its
Subsidiaries, anything in this Plan or such other stock option plan to the
contrary notwithstanding.

4. GRANTS OF OPTION RIGHTS.

(a) The Board of Directors may, from time to time and upon such terms and
conditions as it may determine, authorize the granting to Eligible Employees of
Option Rights. Each such grant may utilize any or all of the authorizations, and
shall be subject to all of the limitations, contained in paragraph 4(c) below.

(b) The Board may, from time to time and upon such terms and conditions as it
may determine, specify a number of Option Rights that the chief executive
officer of National City may grant to Eligible Employees who are not Executive
Officers. The terms of such Option Rights, including the exercise price (which
may include a formula by which such price may be determined) and whether the
Option Rights shall have the Additional Option Feature shall be established by
the Board and shall be subject to all of the limitations contained in paragraph
4(c). Each grant of Option Rights by the chief executive officer of National
City may utilize any or all of the authorizations specified by the Board, and
shall be subject to all of the limitations contained in Paragraph 4(c).

(c) All Option Right grants shall be subject to all of the following
limitations:

1. Each grant shall specify the number of shares of Common Stock to which it
pertains.
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2. Each grant shall specify an option price per share not less than the Market
Value per Share on the date of grant.

3. Successive grants may be made to the same Eligible Employee whether or not
any Option Rights previously granted to such Eligible Employee remain
unexercised. No Eligible Employee may, however, be granted under this plan, in
the aggregate, more than 6,000,000 Option Rights or Appreciation Rights, subject
to adjustment pursuant to Paragraph 8 of this Plan over any ten year period.

4. Option Rights granted under this Plan may be (i) options which are intended
to qualify under particular provisions of the Internal Revenue Code, as in
effect from time to time, (ii) options which are not intended so to qualify, or
(iii) combinations of the foregoing.

5. The date of grant of each Option Right shall be the date of its authorization
by the Board of Directors, or chief executive officer of National City (as
applicable) except that the date of grant of an Additional Option shall be the
date of exercise of the underlying Option Right. No Option Right shall be
exercisable more than 10 years from such date of grant.

6. Upon exercise of an Option Right, the option price shall be payable (i) in
cash, (ii) by the transfer to National City by the Optionee of shares of Common
Stock with a value (Market Value per Share times the number of shares) equal to
the total option price, or (iii) by a combination of such methods of payment.

7. Each grant of Option Rights shall be evidenced by an agreement executed on
behalf of National City by any officer designated by the Board of Directors for
this purpose and delivered to and accepted by the Eligible Employee and shall
contain such terms and provisions, consistent with this Plan, as the Board of
Directors may approve.

8. No Option Rights, intended to be an Incentive Stock Option, shall be granted
hereunder to any Optionee which would allow the aggregate fair market
(determined at the time the Option Rights are granted) of the stock subject of
Option Rights, including the Incentive Stock Option in question, which such
Optionee may exercise for the first time during any calendar year, to exceed
$100,000. If National City shall ever be deemed to have a "parent," as such term
is used in Section 422A of the Internal Revenue Code, as amended, then Option
Rights intended to be Incentive Stock Options, granted under such parent's Stock
Option plans, shall be included in the definition of Option Rights for the
purpose of determining the $100,000 limitation.

5. ADDITIONAL OPTION.

(a) The Board of Directors may, at or after the date of grant, or authorize the
granting of Option Rights or the date the Option Rights are authorized pursuant
to Paragraph 4(b)of this Plan, grant Additional Options. Additional Options may
be granted with respect to any Outstanding Option.

(b) If an Optionee exercises an Outstanding Option that has an Additional Option
Feature by transferring already owned shares of Common Stock and/or when shares
of Common Stock are
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tendered or relinquished as payment of the amount to be withheld under
applicable federal, state and local income tax laws (at withholding rates not to
exceed the Optionee's applicable marginal tax rates) in connection with the
exercise of an option, the Optionee shall automatically be granted an Additional
Option. The Additional Option shall be subject to the following provisions:

         (1) The Additional Option shall cover the number of shares of Common
         Stock equal to the sum of (A) the number of shares of Common Stock
         delivered as consideration upon the exercise of the previously granted
         Outstanding Option to which such Additional Option Feature relates and
         (B) the number of shares of Common Stock tendered or relinquished as
         payment of the amount to be withheld under applicable federal, state
         and local income tax laws in connection with the exercise of the option
         to which such Additional Option Feature relates;

         (2) The Additional Option will not have an Additional Option Feature
         unless the Board of Directors directs otherwise;

         (3) The Additional Option option price shall be 100% of the Market
         Value per Share on the date the employee delivers shares of Common
         Stock to exercise the Option that has the Additional Option Feature
         and/or delivers or forfeits shares of Common Stock in payment of income
         tax withholding on the exercise of an Option that has the Additional
         Option Feature;

         (4) The Additional Option shall have the same termination date and
         other termination provisions as the underlying Option that had the
         Additional Option Feature.

6. GRANTS OF APPRECIATION RIGHTS.

The Board of Directors may from time to time authorize the granting of
Appreciation Rights in respect of any or all of the Option Rights under any
Outstanding Option (including Options Rights simultaneously granted) to the
Optionee thereunder. An Appreciation Right shall be a right in the Optionee to
receive from National City an amount which shall be determined by the Board of
Directors and shall be expressed as a percentage of the Spread (not exceeding
100%) at the time of exercise. To the extent such Optionee elects to exercise
such Appreciation Right instead of the related Option Right, the related Option
Right shall be cancelled, and vice versa. Each such grant may utilize any or all
of the authorizations, and shall be subject to all of the limitations, contained
in the following provisions:

(a) Any grant may permit the exercise of an Appreciation Right with respect to
the value of shares of Common Stock covered by the related Option Rights.

(b) Any grant may specify that the amount payable on exercise of an Appreciation
Right may be paid by National City in cash, in shares of Common Stock or in any
combination thereof, and may either grant to the Optionee or retain in the Board
of Directors the right to elect among those alternatives.
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(c) Each grant shall provide that the maximum number of shares of Common Stock
deliverable upon exercise of an Appreciation Right may not exceed the number of
shares of Common Stock purchasable upon exercise of the related Option Rights.

(d) Any grant may specify waiting periods before exercise and permissible
exercise dates or periods. No Appreciation Right shall be exercisable except at
a time when the related Option Right is also exercisable.

(e) Each grant of an Appreciation Right shall be evidenced by an agreement
executed on behalf of National City by any officer designated by the Board of
Directors for this purpose and delivered to and accepted by the Optionee, which
agreement shall describe such Appreciation Right, identify the related Option
Rights, state that such Appreciation Right is subject to all the terms and
conditions of this Plan, including the right of the Board of Directors to amend,
suspend or terminate such Appreciation Right as set forth in Paragraph 11(c) of
this Plan, and contain such other terms and provisions, consistent with this
Plan, as the Board of Directors may approve.

7. TRANSFERABILITY.

Except as otherwise provided for by the Board of Directors, no Option Right
including any related Appreciation Right shall be transferable by an Optionee
other than by will or the laws of descent and distribution. Unless the Board of
Directors directs otherwise, Option Rights and Appreciation Rights shall be
exercisable during the Optionee's lifetime only by the Optionee or by the
Optionee's guardian or legal representative.

8. ADJUSTMENTS.

The Board of Directors may make or provide for such adjustments in the maximum
numbers and kind of shares of Common Stock specified in Paragraphs 3(b) and (c)
and 4(c) of this Plan, in the numbers and kind of shares of Common Stock covered
by Option Rights and Appreciation Rights granted hereunder, and in the prices
per share applicable under such Option Rights and Appreciation Rights, as such
Board in its sole discretion, exercised in good faith, may determine is
equitably required to prevent dilution or enlargement of the rights of Optionees
that otherwise would result from any stock dividend, stock split, combination of
shares, recapitalization or other change in the capital structure of National
City, merger, consolidation, spin-off, reorganization, partial or complete
liquidation, issuance of rights or warrants to purchase securities, or other
corporate transaction or event having an effect similar to any of the foregoing.

9. FRACTIONAL SHARES.

National City shall not be required to issue any fractional share of Common
Stock pursuant to this Plan. The Board of Directors may provide for the
elimination of fractions or for the settlement of fractions in cash.
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10. ADMINISTRATION OF THE PLAN.

(a) This Plan shall be administered by the Board of Directors, which may from
time to time delegate all or any part of its authority under this Plan to a
Compensation and Organization Committee of the Board of Directors, a
subcommittee of the Compensation and Organization Committee, or another
committee of directors of National City appointed by the Board of Directors to
serve as the committee responsible for administering this Plan (the
"Committee"). To the extent of such delegation, references herein to the "Board
of Directors" shall include the Committee. The Board of Directors may name
assistants who may be, but need not be, members of the Committee. Such
assistants shall serve at the pleasure of the Board of Directors, and shall
perform such functions as are provided for herein and such other functions as
may be assigned by the Board of Directors.

(b) The interpretation and construction by the Board of Directors of any
provision of this Plan or of any agreement evidencing the grant of Option Rights
or Appreciation Rights and any determination by the Board of Directors pursuant
to any provision of this Plan or of any such agreement shall be final and
conclusive. No member of the Board of Directors or any assistant shall be liable
for any action taken or omitted in connection with the interpretation or
administration of this Plan or any grant unless attributable to his or her own
willful misconduct or lack of good faith.

11. AMENDMENTS, ETC.

(a) This Plan may be amended from time to time by the Board of Directors but
without further approval by the stockholders of National City no such amendment
shall (i) increase the maximum numbers of shares of Common Stock specified in
Paragraphs 3(b) and (c) and 4(c) of this Plan (except that adjustments
authorized by Paragraph 8 of this Plan shall not be limited by this provision),
(ii) change the definition of "Eligible Employees", or (iii) materially increase
the benefits accruing to Optionees hereunder.

(b) Except as provided in section 8 of the Plan, the Committee shall not,
without the further approval of stockholders of National City, authorize the
amendment of any outstanding Option Right to reduce the option price.
Furthermore, no Option Rights shall be cancelled and replaced with awards having
a lower option price (except as provided by sections 5 and 8 of this Plan)
without the further approval of the stockholders of National City.

(c) The Board of Directors may at any time amend, suspend or terminate any
agreement evidencing Appreciation Rights granted under this Plan; in the case of
an amendment, the amended Appreciation Right shall conform to the provisions of
this Plan.

(d) In the case of any Option or Appreciation Right not immediately exercisable
in full, the Board of Directors in its discretion may accelerate the time at
which Option or Appreciation Rights may be exercised.
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12. ASSUMPTIONS.

(a) In the event that a corporation is merged into National City, and National
City is the survivor of such merger, the Board of Directors may elect, in its
sole discretion, to assume under this Plan any or all outstanding options
granted by such corporation to its officers and employees under any stock option
plan adopted by it prior to such merger. Such assumptions shall be on such terms
and conditions as the Board of Directors may determine in its sole discretion,
provided, however, that the options as assumed do not provide or contain any
terms, conditions or rights which an Option Right may not provide or contain
under Sections 2 through 10 hereunder.

13. MISCELLANEOUS.

(a) All expenses and costs in connection with the operation of the Plan shall be
borne by National City.

(b) This Plan shall be construed in accordance with and governed by the internal
substantive laws of the State of Delaware.

(c) This Plan shall be binding upon and inure to the benefit of National City,
its successors and assigns and each Participant and his or her beneficiaries,
heirs, executors, administrators and legal representatives.<PAGE>
                                                                  Exhibit 10.18

                            NATIONAL CITY CORPORATION
                           1997 RESTRICTED STOCK PLAN
                              Amended and Restated
                           Effective October 31, 2001

                                   ARTICLE 1.
                        ESTABLISHMENT AND PURPOSE OF PLAN

1.1 THE PLAN. The National City Corporation 1997 Restricted Stock Plan, as
amended and restated effective October 22, 2001 (the "Plan"), is an amendment,
restatement and continuation of the National City Corporation 1997 Restricted
Stock Plan.

1.2 PURPOSE. The purpose of the Plan is to maximize the returns to the
stockholders and promote the long-term profitability and success of National
City by providing equity interests and equity based incentives in National City
to key employees and members of the boards of directors of National City and its
subsidiaries and by providing alternate means of compensation.

1.3 OPERATION OF THE PLAN. The Plan shall be administered by the Board.

                                   ARTICLE 2.
                                   DEFINITIONS

2.1 DEFINITIONS. Whenever used herein, the following terms shall have the
meanings set forth below, unless otherwise expressly provided. When the defined
meaning is intended, the term is capitalized.

(a) "Active Participant" shall mean an Eligible Person who is approved by the
Board or the Restricted Stock Award Committee for participation in the Plan.

(b) "Award" means the grant to a Participant of a certain number of shares of
Restricted Stock.

(c) "Award Agreement" means the written agreement between the Participant and
National City relating to the Award of Restricted Stock to the Participant.

(d) "Board" means the Board of Directors of National City.

(e) "Change in Control" shall have the meaning set forth in Section 9.2.

(f) "Code" means the Internal Revenue Code of 1986, as amended from time to
time, and any successor thereto.

(g) "Committee" means the Compensation and Organization Committee of the Board,
a subcommittee of the Compensation and Organization Committee, or another
committee of Directors of National City appointed by the Board to serve as the
committee responsible for administering the Plan.

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(h) "Common Stock" means the Common Stock, $4.00 par value per share, of
National City or any other securities into which the Common Stock may be
converted or for which they may be exchanged as contemplated by Section 3.3.

(i) "Covered Executive" shall mean any individual who, is, or is determined by
the Committee to be likely to become, a "covered executive" within the meaning
of Section 162(m) of the Code.

(j) "Director" means an elected or appointed member of the Board, but does not
include any honorary member of the Board or other person not entitled as a
matter of law to vote and otherwise participate in regular meetings of the
Board.

(k) "Director Year" means a period of time commencing on the date of the
Corporation's Annual Meeting of Stockholders for any fiscal year of National
City and ending on the day before National City's Annual Meeting of Stockholders
for its next immediately ensuing fiscal year.

(l) "Disability" means, as to a specific Participant, permanent disability as
defined in the provisions of the Award Agreement relating to that Participant.

(m) "Early Retirement" means, as to a specific Participant, early retirement as
defined in the provisions of the Award Agreement relating to that Participant.

(n) "Eligible Person" means an Employee or a Subsidiary Director.

(o) "Employee" means an individual employed by National City or any Subsidiary.
A member of the Board who is not otherwise an Employee shall not be deemed an
Employee of National City for purposes of this Plan.

(p) "Exchange Act" means the Securities Exchange Act of 1934, as amended, and
the rules and regulations of the Securities and Exchange Commission promulgated
thereunder, all as in effect from time to time.

(q) "Executive Officer" shall mean the chairman, chief executive officer,
president, vice chairman, executive vice president or a similar officer of
National City, anyone designated by the Board as an executive officer of
National City or a Covered Executive.

(r) "Fair Market Value" means, as of any given date and unless otherwise
determined by the Board, the closing price, per share, of the shares of Common
Stock on the New York Stock Exchange on that date, as reported by the Wall
Street Journal.

(s) "National City" means National City Corporation, a Delaware Corporation, or
any successor.

(t) "Normal Retirement" means, as to a specific Participant, normal retirement
as defined in the provisions of the Award Agreement relating to that
Participant.

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(u) "Participant" means and includes all persons who are then registered owners
of Restricted Stock.

(v) "Plan Restrictions" means the restrictions set forth in Article 5 or 6
hereof on any transfer of Common Stock, or any interest therein, which is the
subject of an Award granted hereunder.

(w) "Restricted Period" means that period of time, as determined pursuant to the
Plan, during which the Common Stock subject of an Award is not transferable by
reason of Plan Restrictions.

(x) "Restricted Stock" means shares of Common Stock the transfer or alienation
of which are restricted by reason of Plan Restrictions.

(y) "Restricted Stock Award Committee" shall have the meaning set forth in
Section 6.2.

(z) "Retirement" means: with respect to Employees, Normal Retirement or Early
retirement as defined hereby; with respect to Subsidiary Directors, as defined
in the provisions of the Award Agreement relating to each Subsidiary Director;
and with respect to Directors who are not employees of National City or its
subsidiaries, that point in time when a director is no longer eligible to stand
for reelection as a Director pursuant to Article III of National City's First
Restatement of By-Laws.

 (aa) "Subsidiary" means any corporation (other than National City) in an
unbroken chain of corporations beginning with National City if each of the
corporations (other than the last corporation in the unbroken chain) owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in one or more of the other corporations in the chain.

(bb) "Subsidiary Director" means an elected or appointed member of the board of
directors of any Subsidiary, but does not include any person who is an Employee
or a Director.

2.2 GENDER AND NUMBER. Except when otherwise indicated by the context, any
masculine terminology used herein also shall include the feminine, and the
definition of any term in the singular shall include the plural.

                                   ARTICLE 3.
                              STOCK SUBJECT TO PLAN

3.1 AUTHORIZED AMOUNT. Subject to adjustment as provided by this Plan, the total
number of shares of Common Stock reserved and available for distribution under
the Plan shall be three million (3,000,000) shares of Common Stock. Such shares
may consist, in whole or in part, of authorized and unissued shares or treasury
shares.

3.2 EFFECT OF FORFEITURES. If any Participant forfeits any shares of Restricted
Stock that are subject to any Award granted hereunder, or any such Award
otherwise terminates with respect to any shares of Restricted Stock thereunder
without the Plan Restrictions being

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terminated, such shares shall again be available for distribution in connection
with future Awards under the Plan.

3.3 ADJUSTMENTS. In event of any stock dividend, stock split, combination of
shares, recapitalization or other change in capital structure of National City,
merger, consolidation, spinoff, reorganization, partial or complete liquidation,
issuance of rights or warrants to purchase securities, or any other corporate
transaction or event having an effect similar to any of the foregoing, the Board
may make such substitution or adjustment in the aggregate number of shares of
Common Stock and, if necessary, in the kind of securities reserved for issuance
under the Plan, and in the number of shares subject of outstanding Awards
granted under the Plan in the aggregate or to any Participant and in the number
of shares specified in Section 4.2 hereof, all as may be determined to be
appropriate by the Committee, acting in its sole discretion, provided that the
number of shares subject to any Award shall always be a whole number.

3.4 FRACTIONAL SHARES. National City shall not be required to issue any
fractional share of Common Stock pursuant to this Plan. The Board may provide
for the elimination of fractions or the settlement of fractions in cash.

                                   ARTICLE 4.
                          ELIGIBILITY AND PARTICIPATION

4.1 ELIGIBILITY. The Board and/or the Restricted Stock Award Committee may, from
time to time, determine those Eligible Persons who are to receive Awards
hereunder. Except as set forth in Article 5 hereof, individuals who are
appointed or elected as a Director but who are not otherwise an Employee shall
only be eligible to receive Awards pursuant to Article 5 of the Plan.

4.2 LIMITATION. No Participant shall have granted to him or to her, or on his or
on her behalf, in one or more Awards, more than four hundred fifty thousand
(450,000) shares of Common Stock in the aggregate under this Plan.

4.3 TERMINATION. If a Participant ceases to be an Eligible Person during a
Restricted Period, the Award Agreement shall provide the extent to which the
Plan Restrictions on the Restricted Stock, or any portion thereof, subject of
such Award Agreement shall lapse or whether all or any portion of such
Restricted Stock shall be forfeited. Restricted Stock which is forfeited shall
be returned to National City from the escrow established under Section 6.10, and
the Participant shall have no further interest in such stock.

                                   ARTICLE 5.
                                    DIRECTORS

5.1 DIRECTOR ELIGIBILITY. Annually, during each Director Year, each Director who
is not then an Employee of National City or any Subsidiary shall be entitled to
an Award as provided by this Article 5, provided that no Director shall be
entitled to any Award if (i) there are not a sufficient number of shares of
Common Stock hereunder to make a full Award to Directors in

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such Director Year, (ii) if the Plan has been terminated or (iii) if the Board
determines to terminate Director Awards.

5.2 AMOUNT OF AWARD. Unless otherwise determined by the full Board from time to
time, in the Director Year in which the Director is first elected or appointed
as a Director, the Director shall be granted an Award of two thousand (2,000)
shares of Restricted Stock. In each following Director Year when the individual
is re-elected or re-appointed a Director of National City, such Director shall
be granted an Award of one thousand (1,000) shares of Restricted Stock.

5.3 OFFSET. Any director award provided for under Section 5.2 of this Plan shall
be reduced by the number of shares of Restricted Stock awarded to such Director
pursuant to the National City Corporation Amended and Second Restated 1991
Restricted Stock Plan as such plan may be amended from time to time.

5.4 GRANT OF AWARDS. Awards to Directors shall be granted in accordance with
Sections 5.1 and 5.2 hereof, and the date of any Award shall be the actual date
of election or appointment, as the case may be, of the grantee as a Director. No
Award Agreement with a Director shall grant to that Director any benefits not
expressly provided by this Article 5, nor shall it limit the Director's rights
to receive dividends on or to vote the Restricted Stock subject of that Award
Agreement. The number of shares awarded in any future grants under this section
5.3 shall be adjusted by the Board as equitably required to prevent dilution or
enlargement of the award to Directors that otherwise would result from any stock
dividend, stock split, combination of shares, recapitalization or other change
in the capital structure of National City, merger, consolidation, spin-off,
reorganization, partial or complete liquidation, issuance of rights or warrants
to purchase securities, or any other corporate transaction or event having an
effect similar to any of the foregoing.

5.5 TERM OF RESTRICTIONS. (a) The Restricted Period, with respect to the Plan
Restrictions on any Award to a Director under this Article 5, shall terminate,
and the Plan Restrictions on all Restricted Stock shall fully expire, on the
earlier of (i) such Director's death, (ii) such Director's Disability, (iii) a
Change in Control or (iv) a date nine months after the date of the award.
(b) If a Director shall resign, or otherwise no longer be a member of the Board
for reasons other than those set forth in subsection 5.4(a) of this Plan, then
the director's interest in all shares of Restricted Stock previously awarded to
him under this Article 5 shall be terminated and such Restricted Stock shall be
forfeited and returned to National City.

                                   ARTICLE 6.
                                     AWARDS

6.1 GENERAL. The Board may, from time to time, designate those Eligible Persons
to be granted Awards under the Plan, the number of shares of Restricted Stock to
be granted in an Award to an Eligible Person, the terms upon which the Plan
Restrictions on any Restricted Stock shall lapse and the Restricted Stock will
become freely transferable, and such other conditions as the Board may deem
appropriate. Not all grants of Awards need to be on the same terms and
conditions even though granted at the same time, and the terms of Award
Agreements may vary

                                       5
<PAGE>
from time to time and from Participant to Participant, depending upon the
purpose of the Award; provided, however, all Awards shall be subject of the
provisions of Section 6.5 hereof.

6.2 RESTRICTED STOCK AWARD COMMITTEE If the Board establishes a Restricted Stock
Award Committee of one or more directors for the purpose of granting Awards to
Eligible Persons (the "Restricted Stock Award Committee"), the Board may from
time to time authorize the Restricted Stock Award Committee to grant to Eligible
Employees who are not Executive Officers up to a specified number of shares of
Restricted Stock with terms upon which the Plan Restrictions on any such
Restricted Stock shall lapse and such other conditions as the Restricted Stock
Award Committee may deem appropriate from time to time. Each Grant of Restricted
Stock by the Restricted Stock Award Committee may utilize any or all of the
remaining shares of Restricted Stock authorized by the Board. Not all grants of
Awards need to be on the same terms and conditions even though granted at the
same time, and the terms of Award Agreements may vary from time to time and from
Participant to Participant, depending upon the purpose of the Award; provided,
however, all Awards shall be subject of the provisions of Section 6.5 hereof.

6.3 LIMITATION. (a) Except as expressly provided by Article 5 with respect to
Awards to Directors, the Plan Restrictions established by Section 6.4 hereof on
any Award may be of any length of time as determined by the Board. (b) No grants
of Awards under the Plan may be made after ten (10) years from the date the Plan
becomes effective.

6.4 ADDITIONAL RESTRICTIONS. Restricted Stock Awards shall be expressly subject
to the terms and conditions of this Article 6, but the Board or the Restricted
Stock Award Committee (whichever entity is making the award) may establish
additional restrictions on the transfer of the Common Stock subject of any
Award.

6.5 PLAN RESTRICTIONS. During the Restricted Period for any Award, a Participant
may not, voluntarily or involuntarily, sell, assign, encumber, pledge or
otherwise transfer any shares of Restricted Stock subject of the Award, or any
interest therein, otherwise than by will or the law of descent and distribution.
Any attempted sale, assignment, encumbrance, pledge or other transfer of the
Restricted Stock or any interest therein, in derogation of these restrictions
shall result in a forfeiture to National City of all Restricted Stock subject to
such attempted transfer.

6.6 STOCKHOLDER RIGHTS. All Restricted Stock shall be registered in the
stockholder records of National City in the name of the Participant to whom the
Award was made. Except for Plan Restrictions, and except for any additional
restrictions contained in the Award Agreement including any assignment of rights
to dividends payable from time to time on the Restricted Stock (cash or
property), the Participant shall have all rights of a holder of Common Stock.

6.7 AWARD AGREEMENT. Each Participant granted an Award of Restricted Stock shall
enter into an Award Agreement with National City in a form specified by the
Board, agreeing to the terms and conditions of the Award and such other matters
as the Board shall in its sole discretion determine, including any additional
conditions of forfeiture. The execution and delivery of the Award Agreement by
the grantee of the Award shall be a condition precedent to the registration in
the name of the grantee of the Restricted Stock subject to the Award. A failure
to execute and

                                       6
<PAGE>
deliver the Award Agreement within sixty (60) days after the grant of an Award
may terminate the Award upon the determination of the Board. The Award Agreement
may, but need not, allow the Plan Restrictions to lapse serially or in total
over any period of time as selected by the Board. If any Participant forfeits
any shares of Restricted Stock that are subject to any Award, or any such award
otherwise terminates with respect to any shares of Restricted Stock thereunder
without the Plan Restrictions being terminated, the Participant shall have no
further interest in such Restricted Stock, if any.

6.8 LEGEND. Each certificate issued in respect of Restricted Stock awarded under
the Plan shall be registered in the name of the Participant, shall be deposited
with National City pursuant to Section 6.10 hereof together with a stock power
endorsed in blank and signed by the Participant and shall bear the following (or
a similar) legend:

         "The transferability of this certificate and the shares of stock
         represented hereby are subject to the terms and conditions (including
         forfeiture) contained in the National City Corporation 1997 Restricted
         Stock Plan and in an Agreement entered into between the registered
         owner hereof and National City Corporation."

6.9 LAPSE OF RESTRICTIONS. When the Plan Restrictions imposed by this Article 6
expire or have otherwise been satisfied with respect to one or more shares of
Restricted Stock, subject to Section 11.2 hereof, the Corporation shall deliver
to the Participant (or his legal representative, beneficiary or heir) within
sixty (60) days thereafter Common Stock without the Legend referred to in
Section 6.8 hereof and free of Plan Restrictions. The number of shares of Common
Stock to be released shall be the same number as to which the Plan Restrictions
have lapsed. At that time, the Award Agreement referred to in Section 6.7 as it
relates to such shares of Common Stock delivered to the Participant shall be
terminated.

6.10 ESCROW. Certificates representing shares of Restricted Stock which are the
subject of an Award shall be physically held by National City, or its nominee,
during the Restricted Period. Upon the termination of the Restricted Period,
National City shall cause the certificate representing the shares of Common
Stock subject of the Award to be reissued. If the Plan Restrictions have been
satisfied as to any shares of Restricted Stock, such shares shall be removed
from escrow and delivered to National City for reissuance and delivery of Common
Stock in the name of the Participant in accordance with Section 6.9. If any
shares of Restricted Stock are to be forfeited, such shares shall be delivered
to National City for reissuance in the name of National City.

                                   ARTICLE 7.
                             RIGHTS OF PARTICIPANTS

7.1 EMPLOYMENT. Nothing in this Plan shall interfere with or limit in any way
the right of National City to terminate a Participant's employment at any time
with National City or any Subsidiary nor confer upon any Participant any right
to continue in the employ of National City.

7.2 RESTRICTIONS ON ASSIGNMENTS. The interest of a Participant or his or her
beneficiary under this Plan may not be sold, assigned, encumbered or transferred
in any manner, either

                                       7
<PAGE>
voluntarily or involuntarily, and any attempt to alienate, sell, transfer,
assign, pledge encumber, or charge the same shall be null and void; neither
shall the benefits hereunder be liable for or subject to the debts, contracts,
liabilities, engagements, or torts of any person to whom such benefits or funds
are payable, nor shall they be subject to garnishment, attachment, or other
legal or equitable process, nor shall they be an asset in bankruptcy.

                                   ARTICLE 8.
                                 ADMINISTRATION

8.1 ADMINISTRATION. (a) The Plan shall be administered by the Board in
accordance with any administrative guidelines and any rules that may be
established from time to time by the Board. Except as expressly provided by
Article 5 hereof, the procedures, standards and provisions of this Plan for
determining eligibility for and amounts of Awards in themselves confer no
rights, duties or privileges upon participants nor place obligations upon either
the Board or National City, and accordingly, the Board may, in making such
determinations hereunder, deviate from such procedures and standards in whatever
manner that it, in its judgment, deems appropriate.

(b) The Board's interpretation of this Plan or of any term of an Award granted
pursuant thereto shall be final and binding on all Participants. The Board shall
have the authority to establish, adopt or revise such rules or regulations
relating to the Plan as it may deem necessary or advisable for the
administration of the Plan. The Board may elect to defer the effective date of
the Plan or the granting of any Award or the lapsing of any Plan Restrictions,
if the Board determines that such actions may be necessary to be in compliance
with any State or Federal statute, regulatory authority or judicial order.

(c) The Board shall have full power and authority to interpret, construe and
administer the Plan and all Awards Agreements and its interpretations and
construction hereof, and actions hereunder, including the timing, form, amount
or recipient of any payment to be made hereunder, and its decisions shall be
binding and conclusive on all persons for all purposes.

(d) The Board may from time to time delegate all or any part of its authority
under this Plan to a Committee or the Restricted Stock Award Committee. To the
extent of such delegation, references herein to the "Board" shall include the
Committee. The Board may name assistants who may be, but need not be, members of
the Board. Such assistants shall serve at the pleasure of the Board, and shall
perform such functions as are provided for herein and such other functions as
may be assigned by the Board.

(e) No member of the Board or any assistant shall be liable to any person for
any action taken or omitted in connection with the interpretation or
administration of this Plan or any Award Agreement unless attributable to his or
her own willful misconduct or lack of good faith.

                                   ARTICLE 9.
                                CHANGE IN CONTROL

9.1 TREATMENT OF AWARDS. In the event of a change in Control all Plan
Restrictions shall lapse and be of no further force or effect and National City
shall cause all outstanding Restricted

                                       8
<PAGE>
Stock to be exchanged for Common Stock free of the legend set forth in Section
6.8 and of the Plan Restrictions.

9.2 DEFINITION OF CHANGE IN CONTROL. Change in Control shall mean the occurrence
of any of the following events:

(a) National City is merged, consolidated or reorganized into or with another
corporation or other legal person, and as a result of such merger, consolidation
or reorganization less than sixty-five percent of the combined voting power of
then-outstanding securities of such corporation or person immediately after such
transaction are held in the aggregate by the holders of Voting Stock immediately
prior to such transaction;

(b) National City sells or otherwise transfers all or substantially all of its
assets to another corporation or other legal person, and as a result of such
sale or transfer less than sixty-five percent of the combined voting power of
the then-outstanding securities of such corporation or person immediately after
such sale or transfer is held in the aggregate by the holders of Voting stock
immediately prior to such sale or transfer;

(c) There is a report filed on Schedule 13D or Schedule 14D-1 (or any successor
schedule, form or report), each as promulgated pursuant to the Exchange Act
disclosing that any person (as the term "person" is used in Section 13(d)(3) or
Section 14(d)(2) of the Exchange Act) has become the beneficial owner (as the
term "beneficial owner" is defined under Rule 13d-3 or any successor rule or
regulation promulgated under the Exchange Act) of securities representing 15% or
more of the combined voting power of the Voting Stock;

(d) National City files a report or proxy statement with the Securities and
Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended,
disclosing in response to Form 8-K or Schedule 14A (or any successor schedule,
form or report item therein) that a change in control of National City has
occurred or will occur in the future pursuant to any then-existing contract or
transaction; or

(e) If, during any period of two consecutive years, individuals who at the
beginning of such period constitute the Directors cease for any reason to
constitute at least a majority thereof; provided, however, that for purposes of
this clause (e) each Director who is first elected, or first nominated for
election by National City's stockholders, by a vote of at least two-thirds of
the Directors (or a committee thereof) then still in office who were Directors
at the beginning of any such period will be deemed to have been a Director at
the beginning of such period.

Notwithstanding the foregoing provision of paragraphs (c) or (d) above unless
otherwise determined in a specific case by majority vote of the Board, a "Change
in Control" shall not be deemed to have occurred for purposes of paragraphs (c)
or (d) above, solely because (1) National City, (2) an entity in which National
City directly or indirectly beneficially owns 50% or more of the voting equity
securities (a "Subsidiary"), or (3) any employee stock ownership plan or any
other employee benefit plan of National City or any Subsidiary either files or
becomes obligated to file a report or proxy statement under or in response to
Schedule 13D, Schedule 14D-1, Form 8-K or Schedule 14A (or any successor
schedule, form or report or item therein) under the

                                       9
<PAGE>
Exchange Act disclosing beneficial ownership by it of shares of Voting Stock,
whether in excess of 15% or otherwise, or because National City reports that a
change in control of National City has occurred or will occur in the future by
reason of such beneficial ownership.

9.3 EFFECTIVE DATE OF CHANGE IN CONTROL. Notwithstanding the foregoing, in the
event a Change in Control ultimately results from discussions or negotiations
involving National City or any of its officers or directors, the "Effective
Date" of such Change in Control shall be the date such discussions or
negotiations commenced; otherwise, such Effective Date or Change in Control
shall be Implementation Date of such Change in Control.

9.4 IMPLEMENTATION DATE OF CHANGE IN CONTROL. The "Implementation Date" shall be
the earliest to occur of the events specified in subsections (a), (b), (c), (d)
or (e) of Section 9.2.

                                   ARTICLE 10.
                            AMENDMENT OR TERMINATION

10.1 AMENDMENT. The Board may amend any provision of this Plan or any agreement
thereunder at any time; provided, however, that without the approval of the
stockholders of National City, no amendment may be made that would increase the
maximum number of shares to be granted under the Plan either in aggregate or
individually (except that adjustments authorized by Paragraph 3.3 of this Plan
shall not be limited by this provision), or extend the term during which Awards
may be granted under the Plan. The Board shall also have the right to terminate
the Plan or Article 5 hereof at any time. If the Plan is terminated, Awards
previously made shall nevertheless continue in accordance with the provisions of
the Plan and Award Agreement as in effect prior to the Plan's termination.

10.2 OMISSION. The Board may for any period of time refrain from designating any
Participants or may refrain from making any Awards, but such action shall not be
deemed a termination of the Plan. No employee shall have any claim or right to
be granted Awards under the Plan.

                                   ARTICLE 11.
                                  MISCELLANEOUS

11.1 EXPENSE. All expenses and costs in connection with the operation of the
Plan shall be borne by National City.

11.2 WITHHOLDING TAXES. National City shall be entitled to take appropriate
measures to withhold from the shares of Common Stock becoming free of Plan
Restrictions or to otherwise obtain from the Participant sufficient sums for the
amount National City deems necessary to satisfy any applicable Federal, state
and local income tax withholding obligations or to make other appropriate
arrangements with Participants to satisfy such obligations.

                                       10
<PAGE>
11.3 LAWS GOVERNING. This Plan shall be construed in accordance with and
governed by the laws of the State of Delaware.

11.4 PLAN BINDING NATIONAL CITY, EMPLOYEES AND THEIR SUCCESSORS. This Plan shall
be binding upon and inure to the benefit of National City, its successors and
assigns and each Participant and his or her beneficiaries, heirs, executors,
administrators and legal representatives.

                                       11

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