Document:

EXHIBIT 10.2

                                AMENDMENT TO THE
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

     THIS AMENDMENT to the National Commerce Financial Corporation Supplemental
Retirement Plan, as amended and restated effective August 1, 2001 (the "Plan"),
is made on this 31st day of December 2004, on behalf of the primary sponsor.

                              W I T N E S S E T H:

     WHEREAS, SunTrust Banks, Inc. ("SunTrust"), as successor in interest to
National Commerce Financial Corporation ("NCFC"), became the Corporation under
the Plan on October 1, 2004; and

     WHEREAS, pursuant to Section 8.1 of the Plan, the Corporation may amend any
or all of the provisions of the Plan at any time; and

     WHEREAS, the Compensation Committee of the Board is responsible for
oversight of the administration and operation of certain employee benefit plans
maintained by SunTrust; and

     WHEREAS, the Compensation Committee has delegated authority to the Director
of Human Resource, the Benefits Plan Committee and the Deferral Committee to
amend, terminate or merge employee benefit plans acquired in connection with a
corporate merger or acquisition; and

     WHEREAS, the Deferral Committee adopted a resolution on December 16, 2004,
approving the freeze of the Plan in order to coordinate the NCF benefits with
the benefits provided by SunTrust.

     NOW, THEREFORE, the Human Resources Director has executed this Amendment on
behalf of the Corporation.

     EXECUTED this 31st day of December, 2004.

SUNTRUST BANKS, INC.                        ATTEST

By: /s/ Mary Steele                         By: /s/ Margaret U. Hodson
    ----------------------------                --------------------------------
Title: Executive VP/HR Director             Title: Assistant Corporate Secretary

                                                                       EXHIBIT 1

                                AMENDMENT TO THE
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                AS AMENDED AND RESTATED EFFECTIVE AUGUST 1, 2001

     The National Commerce Financial Corporation Retirement Plan, as amended and
restated effective August 1, 2001, is further amended by adding the following
paragraph to the Introduction, effective as of the close of business on December
31, 2004.

     Pursuant to the Agreement and Plan of Merger dated as of May 7, 2004, by
     and between National Commerce Financial Corporation ("NCF") and SunTrust
     Banks, Inc. ("SunTrust"), NCF was merged into and with SunTrust on October
     1, 2004. As a result of such merger, SunTrust has succeeded to the
     responsibilities of NCF and has become the primary sponsor under the Plan.
     Accordingly, on and after October 1, 2004, each reference to the
     Corporation shall be a reference to SunTrust.

     Effective as of the close of business on December 31, 2004, the Plan is
     frozen as to new Participants and frozen as to benefit accruals for current
     Participants. Therefore, the benefit of each Participant who is not in pay
     status as of December 31, 2004, shall be determined and frozen as of
     December 31, 2004 and any changes occurring after 2004, such as changes in
     "Compensation" or "Final Average Monthly Compensation" or Credited Service
     shall be disregarded.EXHIBIT 10.3

                                AMENDMENT TO THE
                     NATIONAL COMMERCE FINANCIAL CORPORATION
                             EQUITY INVESTMENT PLAN

     THIS AMENDMENT to the National Commerce Financial Corporation Equity
Investment Plan, as amended and restated effective January 1, 2002 (the "Plan"),
is made on this 31st day of December 2004, on behalf of the Primary Sponsor.

                              W I T N E S S E T H:

     WHEREAS, SunTrust Banks, Inc. ("SunTrust"), as successor in interest to
National Commerce Financial Corporation ("NCF"), became the Primary Sponsor of
the Plan on October 1, 2004; and

     WHEREAS, pursuant to Section 13.1 of the Plan, the Plan Sponsor or any
successor through action of its Board or its delegate may modify or amend or
terminate the Plan; and

     WHEREAS, the Compensation Committee of the Board is responsible for
oversight of the administration and operation of certain employee benefit plans;
and

     WHEREAS, the Compensation Committee has delegated authority to the Human
Resources Director and to the Benefits Plan Committee and the Deferral Committee
to amend, terminate or merge employee benefit plans acquired in connection with
a corporate merger or acquisition and the Human Resources Director has deemed it
necessary and appropriate to amend the Plan to coordinate the NCF benefits with
the benefits provided by SunTrust.

     NOW, THEREFORE BE IT RESOLVED that the Plan is amended and modified as set
forth below, effective as of the close of business on December 31, 2004:

     The following paragraph is added to the end of the Introduction:

          Pursuant to the Agreement and Plan of Merger dated as of May 7, 2004,
          by and between National Commerce Financial Corporation ("NCF") and
          SunTrust Banks, Inc. ("SunTrust"), NCF was merged into and with
          SunTrust on October 1, 2004. As a result of such merger, SunTrust has
          succeeded to the responsibilities of NCF and has become the Primary
          Sponsor under the Plan. Accordingly, on and after October 1, 2004,
          each reference to the Primary Sponsor shall be a reference to
          SunTrust.

          Effective as of the close of business on December 31, 2004, the Plan
          is frozen as to new Participants and the Plan will not accept any new
          deferrals from existing Participants nor credit any Matching
          Contributions to Accounts pursuant to Section 3.3 (although the Plan
          will continue to credit accounts with earnings and losses on amounts
          deferred prior to January 1, 2005).

     IN WITNESS WHEREOF, the Human Resources Director has executed this
Amendment on this 31st day of December, 2004.

                                              ATTEST

By: /s/ Mary Steele                       By: /s/ Margaret U. Hodson
    ---------------------------               ----------------------------------
Title: Executive VP/HR Director           Title: First V.P and Assistant
                                                 Corporate Secretary

                                       2exv10w1

 

EXHIBIT 10.1

February 7, 2005

Walter Z. Berger

c/o Emmis Communications Corporation

40 Monument Circle, Suite 700

Indianapolis, IN 46204

     Re: Amendment to Employment Agreement

Dear Walter:

     This letter shall confirm our agreement to amend your employment agreement with Emmis
Operating Company dated March 1, 2002 (the “Agreement”), upon the terms and subject to the
conditions set forth in this letter (the “Amendment”).

     Except as otherwise provided below, this Amendment is effective upon execution by you. Any
capitalized words or phrases used and not defined in this Amendment shall have the meanings
ascribed to them in the Agreement. This shall confirm that the parties have agreed as follows:

1. The Term of the Agreement has been extended through February 28, 2009. After February 28, 2006,
“Contract Year” shall mean the twelve (12) month period commencing on March 1, 2006 and on each
anniversary thereof during the Term.

2. Effective March 1, 2006, the dollar amount set forth in the first sentence of Section 3.4 shall
be increased from Five Hundred Thirty Five Thousand Dollars ($535,000) to Five Hundred Ninety Five
Thousand Dollars ($595,000).

3. The Base Salary shall be increased to Four Hundred Ninety Five Thousand Dollars ($495,000) each
Contract Year during the Term, commencing with the Contract Year beginning March 1, 2006 (“FYE
07”).

4. After payment of any Contract Year Bonus earned for the period ending February 28, 2006, Section
6.2 shall be modified to reflect the following: Commencing with FYE 07, the target amount of the
Contract Year Bonus shall be increased to Three Hundred Forty One Thousand Five Hundred Dollars
($341,500) each Contract Year, Exhibit A to the Agreement shall be deleted and shall be of no
further force and effect, and the third and fourth sentences of Section 6.2 shall be deleted and
replaced with the following language:

     “Employer may pay all or a portion of any Contract Year Bonus in Shares in the same manner
utilized for other senior management level employees.”

 

 

Unless subsequently changed by the Compensation Committee, the performance goals for FYE 07 shall
be:

	 	 	 	 	 	 	 
	Target Bonus	 	Performance Goal
	1.

	 	$	136,600	 	 	Domestic Radio Station Operating Income Target

	2.

	 	$	102,450	 	 	Other Emmis Operating Income Target
	3.

	 	$	102,450	 	 	Individual Performance (Discretionary)

Domestic Radio Station Operating Income and Other Emmis Operating Income, or any other applicable
performance targets or goals, shall be defined and determined by the Compensation Committee each
Contract Year. The Compensation Committee reserves the right to amend the performance goals to the
extent it deems appropriate in order to take into account any material acquisition, disposition,
reorganization, recapitalization or other material transaction involving Employer or its
properties. Executive shall earn a certain percentage of each Contract Year Bonus in accordance
with the applicable bonus scale adopted by the Employer for the subject Contract Year.

5. Section 6.3 shall be deleted in its entirety and replaced with the following language:

     “6.3 Equity Incentive Compensation. For the Contract Year beginning March 1, 2005,
at such time as Employer generally awards equity incentive compensation to members of Employer’s
senior management team, Executive shall receive Seven Thousand Five Hundred (7,500) Shares (as
defined below) and an option (“Option”) to acquire Twenty Five Thousand (25,000) Shares. Each
Contract Year during the Term, beginning with FYE 07, at such time as Employer generally awards
equity incentive compensation to members of Employer’s senior management team, Executive shall
receive Nine Thousand (9,000) Shares and an Option to acquire Thirty Thousand (30,000) Shares. As
used herein, “Shares” shall mean shares of Class A Common Stock of Emmis Communications
Corporation. The grants of Options and Shares shall be pursuant to the terms and subject to the
conditions of the applicable Equity Incentive Plan of Employer, the Option agreements evidencing
the Option grants and the restricted stock agreements evidencing the grants of Shares. In the
event of any change in the outstanding Shares by reason of any reorganization, recapitalization,
reclassification, merger, stock split, reverse stock split, stock dividend, asset spinoff, share
combination, consolidation, or similar event, including without limitation a Separation Event, the
number and class of all Shares awarded pursuant to this Agreement or covered by an Option granted
pursuant to this Agreement (and any applicable Option exercise price) shall be adjusted by the
Compensation Committee in its sole discretion and in accordance with the terms of the applicable
Equity Incentive Plan of Employer, the Option agreement evidencing the grant of the Option and the
restricted stock agreement evidencing the grant of Shares. The determination of the Compensation
Committee shall be conclusive and binding.”

6. After the delivery of any Equity Bonus earned for the period ending February 28, 2006 pursuant
to Section 6.4 and any repayment required by Executive pursuant to Section 6.4, Section 6.4 shall
be deleted and shall be of no further force and effect.

2

 

7. After the delivery of any Bonus Shares earned for the period ending February 28, 2006 pursuant
to Section 6.5, Section 6.5 shall be deleted in its entirety and replaced with the following
language:

     “6.5 Completion Bonus. On or about February 28, 2009, Executive shall receive Fifty
Thousand (50,000) Shares (the “Completion Shares”); provided, that (i) this Agreement is in effect
on February 28, 2009 and has not been terminated for any reason (other than a breach of this
Agreement by Employer); and (ii) Executive has fully performed all of Executive’s duties and
obligations under this Agreement throughout the Term and is not in breach of any of the material
terms and conditions of this Agreement. The Completion Shares shall be freely transferable when
delivered to Executive subject to Employer’s securities trading policy and applicable federal and
state law. Employer shall have the right, in its sole and absolute discretion, to pay to Executive
the value of the Completion Shares (in the same manner applied to other senior management level
employees) in cash in lieu of granting Executive the Completion Shares.”

8. Effective March 1, 2005, the parenthetical phrase in the fourth sentence of Section 11.4 shall
be deleted and replaced with the following language:

     “(except the Options described in Section 6.3, which compensation shall not be included in the
calculation of the lump sum payment)”

9. Effective March 1, 2006, the amount of Three Hundred Thousand Dollars ($300,000) set forth in
Section 11.4 shall be increased to Three Hundred Forty One Thousand Five Hundred Dollars
($341,500).

10. In the third sentence of Section 11.5, the following language shall be deleted and shall be of
no further force and effect:

     “or the transaction or transactions described in the definition of Change of Control in
Exhibit B”

11. In Section 14, Gary Kaseff’s address has been changed to 3500 W. Olive Avenue, Suite 1450,
Burbank, California 91505.

All of the terms and conditions set forth in the Agreement shall remain unchanged and in full force
and effect unless specifically modified in this Amendment. All references to the Term or its
expiration or termination shall be adjusted to properly reflect the language set forth above. This
Amendment shall be incorporated by reference into the Agreement and made a part thereof. In the
event of any conflict between any provision of this Amendment and any provision of the Agreement,
this Amendment shall govern and control.

3

 

Please sign below where indicated to signify your acceptance of the terms and conditions set forth
in this Amendment. Should you have any questions about this Amendment, please let me know. I look
forward to much continued success together.

Sincerely,

	 	 	 
	/S/ Jeffrey H. Smulyan

	 	 
	 
	 	 
	Jeffrey H. Smulyan
	 	 
	Chairman and Chief Executive
	 	 
	Officer, Emmis Operating Company
	 	 

ACCEPTED AND AGREED:

	 	 	 
	/S/ Walter Z. Berger

	 	 
	 
	 	 
	Walter Z. Berger
	 	 

4

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