Amendment No. 1 to the Hibernia Corporation 2005 Deferred Award Plan
This amendment, effective October 26, 2005, modifies the Hibernia Corporation 2005 Deferred Award Plan by extending a key date in Section 4.4 from September 30, 2006, to December 31, 2006. The amendment was approved by the Board of Directors and executed by the company's President and CEO. All references to the plan now refer to the amended version. The amendment clarifies and updates the plan's terms for participants and administrators.
Exhibit 10.90
HIBERNIA CORPORATION
2005 DEFERRED AWARD PLAN
AMENDMENT NO. 1
THIS AMENDMENT NO. 1 (the Amendment) to the Hibernia Corporation 2005 Deferred Award Plan (the Plan) is made as of the 26th day of October 2005.
WHEREAS, Hibernia Corporation, a Corporation organized and existing under the laws of the State of Louisiana (the Company), maintains the Plan, which was adopted by the Board of Directors of the Company (the Board); and
WHEREAS, under the terms of the Plan, the Board has the authority to amend the Plan; and
WHEREAS, the Board approved the following amendment to the Plan on October 26, 2005;
NOW, THEREFORE, in consideration of the premises set forth above, and effective as of the date first above written, the Plan shall be and hereby is amended as follows:
1. Section 4.4 of the Plan is hereby amended by deleting the reference therein to September 30, 2006 and substituting in its place the words December 31, 2006.
2. On and after the date hereof, each reference in the Plan to this Plan, hereunder, herein or words of like import shall mean and be a reference to the Plan as amended hereby.
IN WITNESS WHEREOF, the Committee has caused this Amendment No. 1 to be executed as of the month, day and year first above written.
HIBERNIA CORPORATION | ||
By: | /s/ J. Herbert Boydstun | |
J. Herbert Boydstun | ||
President and Chief Executive Officer |