AMENDMENT NUMBER 1 TO THE AMSOUTH BANCORPORATION DEFERRED COMPENSATION PLAN
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EX-10.59 6 dex1059.htm AMEND #1 TO THE AMSOUTH BANCORPORATION DEFERRED COMPENSATION PLAN Amend #1 to the AmSouth Bancorporation Deferred Compensation Plan
EXHIBIT 10.59
AMENDMENT NUMBER 1
TO THE
AMSOUTH BANCORPORATION
DEFERRED COMPENSATION PLAN
(the “Plan”)
Regions Financial Corporation, successor to AmSouth Bancorporation, hereby amends the Plan effective November 4, 2006, as follows:
| 1. | By adding a new section 3.3 as follows: |
3.3 Termination of Participation. On and after November 4, 2006, no new Participants shall be admitted into the Plan. Earnings on Accounts shall continue to accrue as described in the Plan until payment of Benefits is made in accordance with Article 8 hereof.
IN WITNESS WHEREOF, Regions Financial Corporation has executed this Amendment Number 1 on this 20th day of November, 2006, to be effective as provided above.
| REGIONS FINANCIAL CORPORATION | ||
| By: | /s/ C. Dowd Ritter | |
| C. Dowd Ritter | ||
| Its: | President and Chief Executive Officer | |
| ATTEST: | ||
| By: | /s/ Carl L. Gorday | |
| Its: | Assistant Secretary | |
