Document:

EX-10.33 FORM/REVISED RESTRICTED STOCK UNIT AGRM'T

 

Exhibit 10.33

REVISED RESTRICTED STOCK UNIT AGREEMENT

     THIS REVISED RESTRICTED STOCK UNIT AGREEMENT (“Agreement”) is made effective as of the grant
date set forth below by and between SYNOVUS FINANCIAL CORP., a Georgia corporation (the
“Corporation”), and                      (“Executive”).

     WHEREAS, Executive has been awarded Restricted Stock Units (“RSUs”) under the Corporation’s
2007 Omnibus Plan (“Plan”).

     NOW, THEREFORE, in accordance with the provisions of the Plan and this Agreement, Executive
hereby agrees to the following terms and conditions:

	 	 	 	 	 	 	 
	1.

	 	Grant of RSUs	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Executive is hereby granted RSUs as follows:
	 
	 	 	 	 	 	 
	 

	 	Date of Grant:
	 	                                        , 200                    	 	 
	 
	 	 	 	 	 	 
	 

	 	Vesting Period:
	 	Please refer to Section 2 of this Agreement	 	 
	 
	 	 	 	 	 	 
	 

	 	Total Number of RSUs:
	 	                                        	 	 
	 
	 	 	 	 	 	 
	2.

	 	Vesting of RSUs	 	 	 	 

(a) Vesting Conditions. If Executive remains in the continuous employ of the
Corporation or a Subsidiary of the Corporation through the date(s) indicated in Column I
below, the RSUs will become non-forfeitable (i.e., “vest”) to the extent indicated in Column
II below:

	 	 	 	 	 	 	 
	(I)	 	 	 	(II)
	If employment	 	 	 	the % of the RSUs
	continues through	 	then	 	which vest is
	___, 200___

	 	 	 	 	100	%
	 

	 	[or]	 	 	 	 
	___, 200___

	 	 	 	 	___	%
	 

	 	[or]	 	 	 	 
	___, 200___

	 	 	 	 	___	%
	 

	 	[or]	 	 	 	 
	___, 200___

	 	 	 	 	___	%
	 

	 	[or]	 	 	 	 
	___, 200___

	 	 	 	 	___	%
	 

	 	[or]	 	 	 	 
	___, 200___

	 	 	 	 	___	%

 

 

Such vesting will occur (to the extent indicated in Column (II) above) at the close of
business on the applicable date(s) indicated in Column (I) above. Any RSUs which are not
vested on the date of Executive’s termination of employment will be forfeited to the
Corporation, unless the Compensation Committee in its sole and exclusive discretion
determines otherwise.

(b) Effect of Voluntary Termination or Termination for Cause or Suicide. If
Executive’s employment with the Corporation and its Subsidiaries is terminated: (i) by
Executive voluntarily or (ii) by the Corporation or a Subsidiary for Cause or (iii) by
Executive’s death due to suicide before all RSUs vest pursuant to the provisions of
paragraph 4(a) above, then any RSUs which are not vested at the time of such termination
will be forfeited to the Corporation on the date of such termination, unless the
Compensation Committee in its sole and exclusive discretion determines otherwise.

(c) Effect of Death (Other Than by Suicide) or Disability. If Executive’s
employment with the Corporation and its Subsidiaries terminates by reason of Executive’s
death (other than by suicide) or Disability, then any RSUs which are not vested at the time
of such termination will become vested automatically.

(d) Effect of [Retirement or] Leave of Absence. [If Executive’s employment with the
Corporation and its Subsidiaries is terminated by reason of Executive’s retirement after
attainment of [age 62 and 15 years of Service] [age 65], then any RSUs which are not vested
at the time of such retirement will become vested automatically.] A leave of absence which
is approved in writing by the Compensation Committee with specific reference to this
Agreement will not be considered a termination of Executive’s employment with the
Corporation and its Subsidiaries for purposes of this Section 2 or any other provision of
this Agreement.

(e) In the event of a Change of Control (as defined in the Plan), the RSUs will vest
immediately upon such Change of Control.

(f) No Forfeiture of Vested RSUs. Any RSUs which vest pursuant to the preceding
provisions of this Section 2 will not thereafter be forfeited.

	3.	 	Conversion of RSUs and Issuance of Shares

Upon vesting of the RSUs, one share of the Corporation’s Common Stock shall be issued for
each RSU that vests on such vesting date, subject to the terms and conditions of this
Agreement and the Plan.

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	4.	 	Transfer of RSUs

Unless otherwise permitted by the Committee, the RSUs may not be sold, transferred, pledged,
assigned or otherwise alienated or hypothecated, other than pursuant to a will or the laws
of descent and distribution. Any attempted disposition in violation of this Agreement and
the Plan shall be void.

	5.	 	Status of Executive

The Executive shall not be, or have rights as, a stockholder of the Corporation with respect
to any of the shares of Common Stock subject to the RSUs unless such RSUs have vested, and
shares underlying the RSUs have been issued and delivered to him or her. The Corporation
shall not be required to issue or transfer any certificates for shares of Common Stock upon
vesting of the RSUs until all applicable requirements of law have been complied with and
such shares have been duly listed on any securities exchange on which the Common Stock may
then be listed.

	6.	 	Dividend Equivalents

The RSUs will be credited with dividend equivalents equal to amount of cash dividend
payments that would have otherwise been paid if the shares of the Corporation’s Common Stock
represented by the RSUs (including deemed reinvested additional shares attributable to the
RSUs pursuant to this paragraph) were actually outstanding. These dividend equivalents will
be deemed to be reinvested in additional shares of the Corporation’s Common Stock determined
by dividing the deemed cash dividend amount by the Fair Market Value (as defined in the
Plan) of a share of the Corporation’s Common Stock on the applicable dividend payment date.
Such credited amounts will be added to the RSUs and will vest or be forfeited in accordance
with Section 2 based on the vesting or forfeiture of the initial RSUs to which they are
attributable. In addition, the RSUs will be credited with any dividends or distributions
that are paid in shares of the Corporation’s Common Stock represented by the RSUs and will
otherwise be adjusted by the Committee for other capital or corporate events as provided for
in the Plan.

	7.	 	General Provisions

(a) Administration, Interpretation and Construction. The terms and conditions set
forth in this Agreement will be administered, interpreted and construed by the Compensation
Committee, whose decisions will be final, conclusive and binding on the Corporation, on
Executive and on anyone claiming under or through the Corporation or Executive. Without
limiting the generality of the foregoing, any determination as to whether an event has
occurred or failed to occur which causes the RSUs to be forfeited pursuant to the terms and
conditions set forth in this Agreement, will be made in the good faith but absolute
discretion of the Compensation Committee. By accepting the transfer of RSUs, Executive
irrevocably consents and agrees to the terms and conditions set forth in this Agreement and
to all actions, decisions and determinations to be taken or made by the Compensation
Committee in good faith pursuant to the terms and conditions set forth in this Agreement.

(b) Withholding. The Corporation will have the right to withhold from any payments
to be made to Executive (whether under this Agreement or otherwise) any taxes the
Corporation determines it is required to withhold with respect to Executive under the

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laws and regulations of any governmental authority, whether Federal, state or local and
whether domestic or foreign, in connection with this Agreement, including, without
limitation, taxes in connection with the transfer of RSUs or the lapse of restrictions on
RSUs. Failure to submit any such withholding taxes shall be deemed to cause otherwise
lapsed restrictions on RSUs not to lapse.

(c) Rights Not Assignable or Transferable. No rights under this Agreement will be
assignable or transferable other than by will or the laws of descent and distribution,
either voluntarily, or, to the full extent permitted by law, involuntarily, by way of
encumbrance, pledge, attachment, levy or charge of any nature except as otherwise provided
in this Agreement. Executive’s rights under this Agreement will be exercisable during
Executive’s lifetime only by Executive or by Executive’s guardian or legal representative.

(d) Terms and Conditions Binding. The terms and conditions set forth in the Plan
and in this Agreement will be binding upon and inure to the benefit of the Corporation, its
successors and assigns, including any assignee of the Corporation and any successor to the
Corporation by merger, consolidation or otherwise, and Executive, Executive’s heirs,
devisees and legal representatives. In addition, the terms and conditions set forth in the
Plan and in this Agreement will be binding upon and inure to the benefit of Mellon and its
successors and assigns.

(e) No Employment Rights. No provision of this Agreement or the Plan will be deemed
to confer upon Executive any right to continue in the employ of the Corporation or a
Subsidiary or will in any way affect the right of the Corporation or a Subsidiary to dismiss
or otherwise terminate Executive’s employment at any time for any reason with or without
cause, or will be construed to impose upon the Corporation or a Subsidiary any liability for
any forfeiture of RSUs which may result under this Agreement if Executive’s employment is so
terminated.

(f) No Liability for Good Faith Business Acts or Omissions. Executive recognizes
and agrees that the Compensation Committee, the Board, or the officers, agents or employees
of the Corporation and its Subsidiaries, in their oversight or conduct of the business and
affairs of the Corporation and its Subsidiaries, may in good faith cause the Corporation or
a Subsidiary to act, or to omit to act, in a manner that may, directly or indirectly,
prevent the RSUs from vesting. No provision of this Agreement will be interpreted or
construed to impose any liability upon the Corporation, a Subsidiary, the Compensation
Committee, Board or any officer, agent or employee of the Corporation or a Subsidiary, for
any forfeiture of RSUs that may result, directly or indirectly, from any such action or
omission.

(g) Recapitalization. In the event that Executive receives, with respect to RSUs,
any securities or other property (other than cash dividends) as a result of any stock
dividend or split, spin-off, recapitalization, merger, consolidation, combination or
exchange of shares or a similar corporate change, any such securities or other property
received by Executive will likewise be held by Mellon and be subject to the terms and
conditions set forth in this Agreement and will be included in the term “RSUs.”

(h) Appointment of Agent. By accepting the transfer of RSUs, Executive irrevocably
nominates, constitutes, and appoints Mellon as Executive’s agent for purposes of
surrendering or transferring the RSUs to the Corporation upon any forfeiture required or

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authorized by this Agreement. This power is intended as a power coupled with an interest
and will survive Executive’s death. In addition, it is intended as a durable power and will
survive Executive’s disability.

(i) Legal Representative. In the event of Executive’s death or a judicial
determination of Executive’s incompetence, reference in this Agreement to Executive shall be
deemed, where appropriate, to Executive’s heirs or devises.

(j) Titles. The titles to sections or paragraphs of this Agreement are intended
solely for convenience and no provision of this Agreement is to be construed by reference to
the title of any section or paragraph.

(k) Plan Governs. The RSUs are being transferred to Executive pursuant to and
subject to the Plan, a copy of which is available upon request to the Corporate Secretary of
the Corporation. The provisions of the Plan are incorporated herein by this reference, and
all capitalized terms in this Agreement shall have the same meanings given to such terms in
the Plan. The terms and conditions set forth in this Agreement will be administered,
interpreted and construed in accordance with the Plan, and any such term or condition which
cannot be so administered, interpreted or construed will to that extent be disregarded.

(l) Complete Agreement. This instrument contains the entire agreement of the
parties relating to the subject matter of this Agreement and supersedes and replaces all
prior agreements and understandings with respect to such subject matter. The parties hereto
have made no agreements, representations or warranties relating to the subject matter of
this Agreement which are not set forth herein or incorporated by reference.

(m) Amendment; Modification; Wavier. No provision set forth in this Agreement may
be amended, modified or waived unless such amendment, modification or waiver shall be
authorized by the Compensation Committee and shall be agreed to in writing, signed by
Executive and by an officer of the Corporation duly authorized to do so. No waiver by
either party hereto of any breach by the other party of any condition or provision set forth
in this Agreement to be performed by such other party will be deemed a waiver of a
subsequent breach of such condition or provision, or will be deemed a waiver of a similar or
dissimilar provision or condition at the same time or at any prior or subsequent time.

(n) Governing Law. The validity, interpretation, performance and enforcement of the
terms and conditions set forth in this Agreement will be governed by the laws of the State
of Georgia, the state in which the Corporation is incorporated, without giving effect to the
principles of conflicts of law of that state.

     The Corporation has issued the RSUs in accordance with the foregoing terms and conditions and
in accordance with the provisions of the Plan. By signing below, Executive hereby agrees to the
foregoing terms and conditions of the RSUs.

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     IN WITNESS WHEREOF, Executive has set Executive’s hand and seal, effective as of the date and
year set forth above.

                                                                                                    (L.S.)

6EX-10.36 SUMMARY OF ANNUAL BASE SALARIES

 

Exhibit 10.36

SYNOVUS FINANCIAL CORP.

Annual Base Salaries for Named Executive Officers

Approved December 18, 2007

     Upon the recommendation of the Compensation Committee, on December 18, 2007 the Board of
Directors of Synovus Financial Corp. approved the following base salaries for its named executive
officers, effective January 1, 2008.

	 	 	 	 	 
	Name	 	Position	 	Base Salary
	Richard E. Anthony
	 	Chairman of the Board and Chief Executive Officer	 	$928,200
	Frederick L. Green, III
	 	President and Chief Operating Officer	 	$562,100
	Elizabeth R. James
	 	Vice Chairman, Chief People Officer and Secretary	 	$431,000
	Thomas J. Prescott
	 	Executive Vice President and Chief Financial Officer	 	$387,000

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