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| CMA > SEC Filings for CMA > Form 8-K on 30-Mar-2009 | All Recent SEC Filings |
30-Mar-2009
Entry into a Material Definitive Agreement, Change in Directors or Principal O
On March 24, 2009, the Governance, Compensation and Nominating Committee (the "Committee") of Comerica Incorporated (the "Corporation") amended and restated the Amended and Restated Benefit Equalization Plan for Employees of Comerica Incorporated (the "Plan"), effective January 1, 2009. The Plan, as amended, has terms and conditions substantially similar to the previous version of the Plan except for the following: The Plan was amended to provide that awards granted by the Committee under the Comerica Incorporated 2006 Amended and Restated Long-Term Incentive Plan, as it may be amended and/or restated from time to time, or its successor plan, to a Plan participant are included in calculating the benefits payable under the Plan if the Committee, in its sole discretion, expressly grants such award in lieu of an award earned but not paid for a particular performance period under the Comerica Incorporated 2006 Amended and Restated Management Incentive Plan as it may be amended and/or restated from time to time, or its successor plan. The summary of the amendment to the Plan set forth above is qualified in all respects by reference to the Plan, as amended, a copy of which is being filed herewith as Exhibit 10.1.
The resolutions adopted by the CPP Subcommittee regarding the amendment of the Corporation's benefit plans in connection with the Capital Purchase Program under the Emergency Economic Stabilization Act of 2008 (which resolutions are attached as Exhibit 10.3 to the Corporation's Current Report on Form 8-K filed on November 19, 2008) remain in full force and effect, unmodified by the above amendment.
The information concerning the amendment to the Plan set forth under "Item 1.01 Entry into a Material Definitive Agreement" is incorporated by reference into this Item 5.02.
(d) Exhibits
10.1 Amended and Restated Benefit Equalization Plan for Employees of Comerica Incorporated, effective January 1, 2009.
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