Amendment No. 3 to AmSouth Bancorporation Supplemental Thrift Plan by Regions Financial Corporation
Regions Financial Corporation amends the AmSouth Bancorporation Supplemental Thrift Plan to allow participants to elect to reduce their compensation by up to 80% for the plan year. All other terms of the plan remain unchanged. This amendment is effective as soon as administratively feasible and was executed on January 31, 2007.
EXHIBIT 10.2
AMENDMENT NUMBER THREE
TO THE
AMSOUTH BANCORPORATION SUPPLEMENTAL THRIFT PLAN
Regions Financial Corporation (the Company) hereby amends the AmSouth Bancorporation Supplemental Thrift Plan (Plan) as follows:
1. Effective as soon as administratively feasible, by deleting the second sentence of Section 4.1(a) and replacing it with the following:
On this form the Participant may elect to reduce his or her Compensation for the Plan Year by a whole percentage that does not exceed eighty percent (80%).
2. All of the other terms, provisions and conditions of the Plan not herein amended shall remain in full force and effect.
IN WITNESS WHEREOF, Regions Financial Corporation has caused this Amendment Number Three to be executed by its duly authorized officer on this 31st day of January, 2007, effective as herein stated.
REGIONS FINANCIAL CORPORATION | ||
By: | /s/ C. Dowd Ritter | |
President and | ||
Chief Executive Officer |