Amendment No. 1 to Regions Financial Corporation Supplemental 401(k) Plan (April 1, 2009)
Regions Financial Corporation is amending its Supplemental 401(k) Plan, effective April 1, 2009. The amendment temporarily suspends both employer matching contributions and employer contributions for pay periods beginning after March 31, 2009. All other terms of the plan remain unchanged. This change affects employees participating in the Supplemental 401(k) Plan, who will not receive employer contributions during the suspension period.
Exhibit 10.4
AMENDMENT NUMBER ONE
TO THE
REGIONS FINANCIAL CORPORATION SUPPLEMENTAL 401(K) PLAN
Amended and Restated as of April 1, 2008 (the “Plan”)
As Adopted on December 30, 2008
Regions Financial Corporation hereby amends the Plan as follows:
1. Effective April 1, 2009, Section 4.2 shall be amended by adding to the end thereof the following subsection (f):
(f) Temporary Suspension of Employer Matching Contributions. Notwithstanding subsections (a) and (b) above, no matching contributions shall be credited with respect to pre-tax elective deferrals made to the Regions 401(k) Plan or salary reduction contributions or Compensation attributable to pay periods that begin after March 31, 2009.
2. Effective April 1, 2009, Section 4.3 shall be amended by adding to the end thereof the following subsection (e):
(e) Temporary Suspension of Employer Contributions. Notwithstanding subsections (a) and (b) above, no employer contributions shall be made or credited after March 31, 2009.
3. All other terms, provisions and conditions of the Plan not herein amended shall remain in full force and effect.
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