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Bank of America Corp/DE – ‘10-K’ for 12/31/09 – ‘EX-10.VV’

On:  Friday, 2/26/10, at 7:51am ET   ·   For:  12/31/09   ·   Accession #:  1193125-10-41666   ·   File #:  1-06523

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/26/10  Bank of America Corp/DE           10-K       12/31/09   67:20M                                    Donnelley … Solutions/FA

Annual Report   —   Form 10-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   5.23M 
 2: EX-3.A      Amended and Restated Certificate of Incorporation   HTML   1.17M 
14: EX-10.AAA   Merrill Lynch & Co., Inc. Long-Term Incentive       HTML    167K 
                Compensation Plan                                                
15: EX-10.BBB   Employment Letter Dated May 1, 2008                 HTML     96K 
 3: EX-10.C     Bank of America Pension Restoration Plan            HTML     29K 
 4: EX-10.E     Bank of America 401(K) Restoration Plan             HTML     25K 
 5: EX-10.I     Bank of America Corporation 2003 Key Associate      HTML    126K 
                Stock Plan                                                       
16: EX-10.III   Letter Agreement Dated December 9, 2009, Amending   HTML     35K 
                January 9, 2009 Agreement                                        
17: EX-10.JJJ   Letter Agreement Dated December 9, 2009, Amending   HTML     34K 
                January 15, 2009 Agreement                                       
 6: EX-10.P     Retirement Income Assurance Plan for Legacy Fleet   HTML    174K 
 7: EX-10.QQ    Merrill Lynch & Co., Inc. Employee Stock            HTML     64K 
                Compensation Plan                                                
 8: EX-10.UU    Forms of Stock Agreements for Salary Stock Units    HTML    112K 
 9: EX-10.VV    Boatmen's Supplemental Retirement Plan              HTML     38K 
10: EX-10.WW    Employment Agreement Dated January 30, 1996         HTML     82K 
11: EX-10.XX    Employment Agreement Dated September 26, 1996       HTML     27K 
12: EX-10.YY    Employment Letter Dated May 7, 2001                 HTML     22K 
13: EX-10.ZZ    Equity Incentive Plan Amended & Restated Effective  HTML     62K 
                as of January 1, 2008                                            
19: EX-21       List of Subsidiaries                                HTML    704K 
20: EX-23       Consent of Pricewaterhousecoopers LLP               HTML     25K 
21: EX-24.A     Power of Attorney                                   HTML     33K 
22: EX-24.B     Corporate Resolution                                HTML     21K 
18: EX-12       Ratio of Earnings to Fixed Charges                  HTML     54K 
23: EX-31.A     Certification of the CEO Pursuant to Section 302    HTML     26K 
24: EX-31.B     Certification of the CFO Pursuant to Section 302    HTML     26K 
25: EX-32.A     Certification of the CEO Pursuant to 18 U.S.C.      HTML     21K 
                Section 1350                                                     
26: EX-32.B     Certification of the CFO Pursuant to 18 U.S.C.      HTML     21K 
                Section 1350                                                     
57: XML         IDEA XML File -- Definitions and References          XML    151K 
63: XML         IDEA XML File -- Filing Summary                      XML     78K 
61: XML.R1      Statement Of Income Interest Based Revenue           XML    471K 
62: XML.R2      Statement Of Financial Position Unclassified -       XML    310K 
                Deposit Based Operations                                         
44: XML.R3      Statement Of Financial Position Unclassified -       XML    187K 
                Deposit Based Operations (Parenthetical)                         
49: XML.R4      Statement Of Shareholders Equity And Other           XML    914K 
                Comprehensive Income                                             
55: XML.R5      Statement Of Cash Flows Indirect Deposit Based       XML    424K 
                Operations                                                       
54: XML.R6      Summary of Significant Accounting Principles         XML    122K 
66: XML.R7      Merger and Restructuring Activity                    XML    116K 
38: XML.R8      Trading Account Assets and Liabilities               XML     44K 
53: XML.R9      Derivatives                                          XML    372K 
36: XML.R10     Securities                                           XML    286K 
35: XML.R11     Outstanding Loans and Leases                         XML     94K 
43: XML.R12     Allowance for Credit Losses                          XML     59K 
59: XML.R13     Securitizations                                      XML    155K 
45: XML.R14     Variable Interest Entities                           XML    160K 
46: XML.R15     Goodwill and Intangible Assets                       XML     57K 
51: XML.R16     Deposits                                             XML     47K 
67: XML.R17     Short-term Borrowings                                XML     70K 
41: XML.R18     Long-term Debt                                       XML    242K 
33: XML.R19     Commitments and Contingencies                        XML    196K 
48: XML.R20     Shareholders' Equity and Earnings Per Common Share   XML    227K 
58: XML.R21     Regulatory Requirements and Restrictions             XML     75K 
39: XML.R22     Employee Benefit Plans                               XML    351K 
56: XML.R23     Stock-Based Compensation Plans                       XML     66K 
47: XML.R24     Income Taxes                                         XML    169K 
65: XML.R25     Fair Value Measurements                              XML    615K 
60: XML.R26     Fair Value of Financial Instruments                  XML     49K 
50: XML.R27     Mortgage Servicing Rights                            XML     69K 
52: XML.R28     Business Segment Information                         XML    364K 
34: XML.R29     Parent Company Information                           XML    120K 
37: XML.R30     Performance by Geographical Area                     XML     73K 
40: XML.R31     Document Information                                 XML     40K 
42: XML.R32     Entity Information                                   XML    109K 
64: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    210K 
27: EX-101.INS  XBRL Instance -- bac-20091231                        XML   3.79M 
29: EX-101.CAL  XBRL Calculations -- bac-20091231_cal                XML    194K 
30: EX-101.DEF  XBRL Definitions -- bac-20091231_def                 XML    426K 
31: EX-101.LAB  XBRL Labels -- bac-20091231_lab                      XML    477K 
32: EX-101.PRE  XBRL Presentations -- bac-20091231_pre               XML    519K 
28: EX-101.SCH  XBRL Schema -- bac-20091231                          XSD     94K 


‘EX-10.VV’   —   Boatmen’s Supplemental Retirement Plan


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  Boatmen's Supplemental Retirement Plan  

Exhibit 10(vv)

PLAN DOCUMENT

 

WHEREAS, Boatmen’s Bancshares, Inc., a Missouri corporation (the “Corporation”), desires to provide certain key executive employees of the Corporation and its subsidiaries with supplemental benefits in addition to those benefits provided under the Boatmen’s Bancshares, Inc. Retirement Plan for Employees.

Therefore, the Boatmen’s Supplemental Retirement Plan is adopted, effective as of August 8, 1989, as follows:

ARTICLE I

Definitions

Except as otherwise specified herein or in a Participant’s Participation Agreement, all capitalized terms shall have the same meanings as such terms have under the Boatmen’s Bancshares, Inc. Retirement Plan for Employees.

Section 1.1  “Board of Directors” means the Board of Directors of Boatmen’s Bancshares, Inc.

Section 1.2  “Cause” means conduct of the Participant which is finally adjudged to be knowingly fraudulent, deliberately dishonest or willful misconduct. The Compensation Committee of the Corporation shall have sole and uncontrolled discretion with respect to the application of the provisions of this Section 1.2 and any determination shall be conclusive and binding upon the Participant and all other persons.

Section 1.3  “Change of Control” means any of the following events: (a) any individual corporation (other than the Corporation), partnership, trust, association, pool, syndicate, or any other entity or any group of persons acting in concert becomes the beneficial owner as that concept is defined in Rule 13d-3 promulgated by the SEC under the Securities Exchange Act of 1934, of securities of the Corporation possessing twenty percent (20%) or more of the voting power for the election of directors of the Corporation, (b) there shall be consummated any consolidation, merger or other business combination involving the Corporation or the securities of the Corporation in which holders of voting securities of the Corporation immediately prior to such consummation own, as a group, immediately after such consummation, voting securities of the Corporation (or, if the Corporation does not survive such transaction, voting securities of the corporation surviving such transaction) having less than fifty percent (50%) of the total voting power in an election of directors of the Corporation (or such other surviving corporation), (c) during any period of two consecutive years, individuals who at the beginning of such period constitute the Directors of the Corporation cease for any reason to constitute at least a majority


thereof unless the election, or the nomination for election by the Corporation’s shareholders, of each new Director of the Corporation was approved by a vote of at least two-thirds of the Directors of the Corporation then still in office who were Directors of the Corporation at the beginning of any such period, (d) removal by the stockholders of all or any of the incumbent Directors of the Corporation other than a removal for Cause, and (e) there shall be consummated any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all, or substantially all, of the assets of the Corporation (on a consolidated basis) to a party which is not controlled by or under common control with the Corporation.

Section 1.4  “Code” means the Internal Revenue Code of 1986, as amended.

Section 1.5  “Committee” means the Boatmen’s Bancshares, Inc. Compensation Committee.

Section 1.6  “Corporation” means Boatmen’s Bancshares, Inc.

Section 1.7  “Employee” means any person employed by the Corporation or any of its subsidiaries.

Section 1.8  “Participant” means any Employee who is selected for participation in the Plan by the Committee as provided in Article II.

Section 1.9  “Plan” means the Boatmen’s Supplemental Retirement Plan as set forth herein and as the same may be amended from time to time.

Section 1.10  “Retirement Plan” means the Boatmen’s Bancshares, Inc. Retirement Plan for Employees.

ARTICLE II

Participation

Section 2.1  Subject to the provisions of Section 2.2, the Committee shall have exclusive power to designate the Employees who will participate in the Plan.

Section 2.2  Participation in the Plan shall be limited to a select group of Employees of the Corporation and its subsidiaries who are management or highly compensated Employees within the meaning of Section 201(2) of the Employee Retirement Income Security Act of 1974, as amended.

Section 2.3  Each Employee selected to participate in the Plan by the Committee shall indicate his agreement to the terms of the Plan by executing a Participation Agreement, a form of which is attached hereto as Exhibit A. By means of paragraph 4 of the Participation Agreement, an Employee and the Corporation may agree to vary the terms of the Plan as to such Employee.

 

2


ARTICLE III

Benefits

Section 3.1  Except in the case of termination for Cause, in which event no benefit shall be payable under the Plan, if a Participant’s employment with the Corporation or one of its subsidiaries is terminated (a) by Disability, (b) within one (1) year after a Change in Control, (c) by the Corporation or one of its subsidiaries after the Participant has completed five (5) years of Vesting Service, or (d) after the Participant has satisfied the requirements for early retirement under the Retirement Plan, the Corporation shall pay to the Participant, in the manner provided in Article V, a benefit equal to the excess of the benefit in (i) over the benefit in (ii) described below.

(i)        the benefit which the Participant would be entitled to receive under the Retirement Plan (based upon the terms of the Retirement Plan then in effect) upon the Participant’s termination of employment and if the benefit under the Retirement Plan were computed

(a)        including in Earnings for Retirement Plan purposes incentive compensation, and

(b)        without giving effect to the limitations then currently imposed by Section 415 of the Code, the limitations of Section 1.401-4(c) of the Income Tax Regulations or their successors, or the limitations under Section 401(a)(17) of the Code.

(ii)        the benefit which the Participant would be entitled to receive under the Retirement Plan upon the Participant’s termination of employment, if such benefit were computed without giving effect to the limitation then currently imposed by Section 1.401-4(c) of the Income Tax Regulations or its successor.

Section 3.2  For purposes of Section 3.1(i), a Participant whose employment has terminated for reasons other than death or Disability within one (1) year after a Change in Control and who is not otherwise entitled to receive a benefit under the Retirement Plan shall be deemed to be entitled to receive a benefit under the Retirement Plan based upon the formula set forth in the Retirement Plan.

 

3


ARTICLE IV

Death Benefits

Section 4.1  If the spouse of a Participant is entitled to receive a benefit under the Retirement Plan upon the death of the Participant then such spouse will be entitled to receive a death benefit under this Plan calculated pursuant to the formula set forth in Article III.

ARTICLE V

Payment of Benefits

Section 5.1  Payment of benefits under the Plan will be made in the same manner and at the same time as benefit payments to the Participant or his spouse under the Retirement Plan.

ARTICLE VI

Claims

Section 6.1  If a claim for benefits under the Plan is denied, the Committee will provide a written notice of the denial setting forth the specific reasons for the denial, a description of any additional material or information necessary for a claimant to perfect a claim, and an explanation of why such material or information is necessary and appropriate information as to the steps to be taken for the claim to be submitted for review. A claimant may request a review of a denial. Such requests should be submitted to the Committee, in writing, within 60 days after receipt of the denial notice stating the reasons for requesting the review. A claimant may review pertinent documents and submit issues and comments in writing. A decision will be made on the review of the denial of a claim not later than 60 days after the Committee’s receipt of a request for review unless special circumstances require an extension of time for processing, in which case a decision shall be rendered as soon as possible but not later than 120 days after receipt of a request for review. The decision on review will be in writing to the claimant and shall include specific reasons for the decision.

ARTICLE VII

Amendment and Termination

Section 7.1  The Board of Directors may amend or terminate the Plan at any time provided, however, that no such amendment or termination shall have the effect of depriving Participants of rights accrued under the Plan as of the date of such amendment or termination.

 

4


ARTICLE VIII

Administration

Section 8.1  The Plan shall be administered by the Committee in accordance with its terms, for the exclusive benefit of Participants. The powers and duties of the Committee shall be similar to those powers and duties granted to the Plan Administrator of the Retirement Plan. In addition, the Committee, in its sole discretion, shall have the power to accelerate the payment of benefits under the Plan to any Participant or spouse. Any interpretation or construction of Plan terms or any determination by the Committee with respect to Plan benefits, etc., shall be conclusive and binding with respect to Participants and all other persons.

ARTICLE IX

Miscellaneous

Section 9.1  Nothing contained in this Plan and no action taken pursuant to the provisions of this Plan shall give the Participant the right to be retained in the employ of the Corporation or its subsidiaries or interfere with the right of the Corporation or its subsidiaries to discharge the Participant at any time, nor shall it give the Corporation or its subsidiaries the right to require the Participant to remain in their employ or interfere with the Participant’s right to terminate his employment at any time.

Section 9.2  No benefit payable at any time under this Plan shall be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment or encumbrance of any kind.

Section 9.3  All rights hereunder shall be governed by and construed according to the laws of the State of Missouri, except to the extent such laws are preempted by the laws of the United States of America. In the event any provision of this Plan is held invalid, void or unenforceable, the same shall not affect, in any respect whatsoever, the validity of any other provision of this Plan.

Section 9.4  Nothing contained in this Plan and no action taken pursuant to the provisions of this Plan shall create or be construed to create a trust of any kind or a fiduciary relationship between the Corporation or its subsidiaries and the Participant or any other person. To the extent that any person acquires the right to receive payment from the Corporation under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Corporation.

Section 9.5  The terms of this Plan shall be binding upon and inure to the benefit of the Corporation, its successors and assigns, and the Participant and his heirs and legal representatives.

 

5


Section 9.6  If a Participant becomes entitled to a distribution of benefits under the Plan, and if at such time the Participant has outstanding any debt, obligation, or other liability representing an amount owing to the Corporation or its subsidiaries, then the Corporation may offset such amount so owing against the amount of benefits otherwise distributable. Such determination shall be made by the Committee.

Section 9.7  The Corporation shall, to the extent permitted by law, have the right to deduct from any payments of any kind with respect to the benefit otherwise due to the Participant and Federal, state or local taxes of any kind required by law to be withheld from such payments.

 

6


EXHIBIT A

BOATMEN’S SUPPLEMENTAL

RETIREMENT PLAN

PARTICIPATION AGREEMENT

THIS AGREEMENT is made as of                     , 19    , between Boatmen’s Bancshares, Inc. (“Corporation”) and                                                   (“Participant”).

The Corporation and the Participant mutually agree as follows

1.        The Participant has received a copy of the Boatmen’s Supplemental Retirement Plan (“Plan”) and has read and understands the Plan.

2.        By completion of this Agreement, the Participant agrees to comply with the terms of the Plan in all respects.

3.        All provisions of the Plan are hereby made a part of this Agreement.

4.        The following special provisions are applicable to the Participant’s participation in the Plan            

 

 

 

 

  BOATMEN’S BANCSHARES, INC.  
  By  

 

   

 

 
        Date  
   

 

   

 

 
    Participant     Date  

7 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/20/24  Bank of America Corp./DE          10-K       12/31/23  200:61M
 2/22/23  Bank of America Corp./DE          10-K       12/31/22  200:66M
11/10/22  Bank of America Corp./DE          SC TO-I                7:1.3M Bank of America Corp./DE          Donnelley … Solutions/FA
 2/22/22  Bank of America Corp./DE          10-K       12/31/21  201:72M
 2/24/21  Bank of America Corp./DE          10-K       12/31/20  199:66M
 8/05/10  SEC                               UPLOAD10/03/17    1:114K Bank of America Corp./DE
 6/03/10  SEC                               UPLOAD10/03/17    1:97K  Bank of America Corp./DE
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Filing Submission 0001193125-10-041666   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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