SEC Contract Filing

Filing Date: 2022-02-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.32
<SEQUENCE>5
<FILENAME>bac-1231202110xkex1032.htm
<DESCRIPTION>EX-10.32
<TEXT>
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<title>Document</title></head><body><div id="i3cc0db29144948dcbca3b1211be02324_1"></div><div style="min-height:57.6pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Exhibit 10.32</font></div><div style="margin-bottom:0.1pt;text-align:right"><font><br></font></div><div style="text-align:right"><img alt="image_2.jpg" src="image_2.jpg" style="height:24px;margin-bottom:5pt;vertical-align:text-bottom;width:246px"></div></div><div style="margin-bottom:12pt;text-align:right"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11.5pt;font-weight:700;line-height:139%">Form of Cash-Settled Restricted Stock Units Award Agreement</font></div><div style="margin-bottom:10pt;text-align:center"><font><br></font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:16pt;font-weight:700;line-height:100%">Award Agreement</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">This document contains your Award Agreement under the </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">&#91;Bank of America Corporation Key Employee Equity Plan&#47;Bank of America Corporation Equity Plan&#93;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">.</font></div><div><img alt="a1032a.jpg" src="a1032a.jpg" style="height:160px;margin-bottom:5pt;vertical-align:text-bottom;width:650px"></div><div style="margin-bottom:12pt;margin-top:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:14pt;font-style:italic;font-weight:700;line-height:100%">&#91;Bank of America Corporation Key Employee Equity Plan&#47;Bank of America Corporation Equity Plan&#93;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:14pt;font-weight:700;line-height:100%"> Restricted Stock Units Award Agreement</font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Granted To&#58; </font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Grant Date&#58; </font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Grant Type&#58; </font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Grant Code&#58; </font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Number Granted&#58; </font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Note&#58; The number of Restricted Stock Units is based on a &#8220;divisor price&#8221; of $</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">&#91;price&#93;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">, which is the ten (10)-day average closing price of Bank of America Corporation common stock for the ten (10) business days immediately preceding and including </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">&#91;date&#93;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">This Restricted Stock Units Award Agreement and all Exhibits hereto (the &#8220;Agreement&#8221;) is made between Bank of America Corporation, a Delaware corporation (&#8220;Bank of America&#8221;), and you, an employee of Bank of America or one of its Subsidiaries.</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Bank of America sponsors the </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">&#91;Bank of America Corporation Key Employee Equity Plan&#47;Bank of America Corporation Equity Plan&#93; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">(the &#8220;Stock Plan&#8221;). A Prospectus describing the Stock Plan has been delivered to you. The Stock Plan itself is available upon request, and its terms and provisions are incorporated herein by reference. When used herein, the terms which are defined in the Stock Plan shall have the meanings given to them in the Stock Plan, as modified herein (if applicable).</font></div><div style="margin-bottom:12pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:100%">The Restricted Stock Units covered by this Agreement are being awarded to you in connection with the Bank of America Corporation Executive Incentive Compensation Plan, subject to the following terms and provisions.</font></div><div s