Item 1.01: Entry into a Material Definitive Agreement.

Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Fulton maintains the Fulton Financial Corporation Deferred Compensation Plan (the “Deferred Compensation Plan”) for the benefit of its directors, advisory board members, and certain of its management employees and various individual Supplemental Executive Retirement Plans (individually, a “SERP”, and collectively, the “SERPs”) for the benefit of certain of its management employees. These plans are intended primarily to supplement for management employees the retirement benefits provided under Fulton's two tax qualified defined contribution retirement plans by allowing for the additional deferral of compensation and by providing for employer contributions on compensation that cannot be taken into account under the tax qualified plans. In general, Fulton is amending and combining its two tax qualified defined contribution retirement plans into one on-going tax qualified defined contribution plan and, in doing so, is modifying prospectively the employer profit sharing feature and adding an employer matching contribution feature. More specifically, the Fulton Financial Corporation Profit Sharing Plan ("Profit Sharing Plan") is being amended for the purposes of (1) changing the name of the Profit Sharing Plan, (2) expanding eligibility to include substantially all employees of Fulton and it subsidiaries, (3) reducing Fulton's profit sharing contribution levels but at the same time adding a safe harbor matching contribution feature, (4) extending the profit sharing contributions to cover employees previously participating in the Fulton Financial Affiliates’ Defined Benefit Pension Plan ("Pension Plan"), and (5) expanding the Profit Sharing Plan’s definition of covered compensation to include essentially all W-2 reportable amounts except for certain limited exclusions.

Effective January 1, 2008, the Fulton Financial Corporation 401(k) Retirement Plan ("401(k) Plan"), which is the new name of the Profit Sharing Plan, will provide for employer matching contributions that satisfy a non-discrimination “safe-harbor” available to 401(k) retirement plans. This safe-harbor employer contribution will be equal to 100% of each dollar a participant elects to contribute to the 401(k) Plan, but the amount of contributions that will be matched by Fulton will be limited to 5% of eligible plan compensation. In addition certain employees are eligible for a reduced allocation of an employer profit sharing contribution under the 401(k) Plan, which for 2008 will be equal to 5% of compensation. Eligibility for this profit sharing contribution is limited to (1) employees hired prior to July 1, 2007, by a Fulton entity that was a Profit Sharing Plan employer as of June 30, 2007, and who were not excluded from participation under the Profit Sharing Plan prior to January 1, 2008, because of participation under another qualified retirement plan of their employer, and who further have attained age 21 and completed one year of service for eligibility purposes, and (2) employees who were active participants as of December 31, 2007, in the Pension Plan, and who, as of such date, ceased accruing additional benefits because of the amendment to the Pension Plan freezing additional accruals.

On account of these changes to the underlying tax qualified plans, it was necessary to make certain conforming changes to the design of the Deferred Compensation Plan and the

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