SEC Contract Filing

Filing Date: 2022-02-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.32
<SEQUENCE>6
<FILENAME>hban20211231ex1032-10k.htm
<DESCRIPTION>EX-10.32
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2022 Workiva -->
<title>Document</title></head><body><div id="ia28f126b4780478386852ee5e05c3b08_39"></div><div style="min-height:92.16pt;width:100%"><div style="text-align:right"><font><br></font></div><div><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:100%">Exhibit 10.32</font></div><div style="text-align:justify;text-indent:18pt"><img alt="image.jpg" src="image.jpg" style="height:40px;margin-bottom:5pt;vertical-align:text-bottom;width:208px"></div><div style="padding-left:369pt;padding-right:-31.5pt"><font style="color:#00cc33;font-family:'Arial',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Rajeev Syal</font></div><div style="padding-left:369pt;padding-right:-31.5pt"><font style="color:#666666;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">Senior Executive Vice President<br>Chief Human Resources Officer</font></div><div style="padding-left:369pt;padding-right:-31.5pt"><font style="color:#666666;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">rajeev.syal&#64;huntington.com</font></div><div style="padding-left:369pt;padding-right:-31.5pt"><font style="color:#666666;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%">Huntington Bancshares Incorporated <br></font><font style="color:#666666;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">41 South High Street - HC1033<br>Columbus, OH 43287<br></font><font style="color:#776f67;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:100%">614.480.5461</font><font style="color:#776f67;font-family:'Arial',sans-serif;font-size:8pt;font-weight:700;line-height:100%"> OFFICE</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">February 2, 2021</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Michael Jones</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:100%">At the address on file with the Company</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Re&#58; </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%;text-decoration:underline">Retention Letter</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%"> </font></div><div style="text-indent:36pt"><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Dear Michael&#58;</font></div><div><font><br></font></div><div style="text-indent:36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">As you know, TCF Financial Corporation (&#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">TCF</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) has entered into an Agreement and Plan of Merger (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Merger Agreement</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) with Huntington Bancshares Incorporated (together with its Subsidiaries and Affiliates (each as defined in the Merger Agreement), &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Huntington</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) contemplating the merger (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Merger</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;) of TCF with and into Huntington, with Huntington as the surviving entity in the Merger. Retention of key employees of TCF is an essential consideration for Huntington and TCF while the transaction is pending and thereafter, and therefore, we are providing you with this letter (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Retention Letter</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;). We are very excited about your continuing employment with Huntington after the date of the consummation of the Merger (the &#8220;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:100%">Effective Date</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#8221;). </font></div><div style="text-indent:36pt"><font><br></font></div><div style="padding-left:36pt;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight: