SEVERANCE AGREEMENT TERMINATION
Exhibit 99.3
THIS SEVERANCE AGREEMENT TERMINATION (this “Termination Agreement”), dated as of October 23,
2006 by and between National City Corporation, a Delaware corporation (the “Company”), and Xxxxxxx
X. XxxXxxxxx III (the “Executive”).
WITNESSETH:
WHEREAS, the Executive has previously entered into a Severance Agreement with the Company
dated as of December 19, 1994, as amended November 24, 1997 (the “Severance Agreement”);
WHEREAS, the Executive no longer desires to have the benefits provided by the Severance
Agreement and has requested that the Severance Agreement be terminated;
WHEREAS, the Company is willing to terminate the Severance Agreement; and
WHEREAS, Section 14 of the Severance Agreement provides that the Severance Agreement may be
discharged in writing signed by the Executive and the Company.
NOW, THEREFORE, in consideration of these premises and undertakings herein contained and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Company and the Executive, each intending to be legally bound, agree as follows:
1. To terminate the Severance Agreement.
2. Executive releases and waives any and all claims, demands, rights and actions he has or had
against the Company and any of its subsidiaries and their current and former officers, directors
and employees arising out of or the termination of the Severance
Agreement.
IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed and delivered
as of the date first above written.
| EXECUTIVE | NATIONAL CITY CORPORATION | |||
/s/ Xxxxxxx X. XxxXxxxxx III
|
By: | /s/ Xxxxx X. Xxxxxxx | ||
Xxxxxxx X. XxxXxxxxx III
|
Xxxxx X. Xxxxxxx | |||
| Chairman and CEO | ||||
