EXHIBIT 10.3
NAMED EXECUTIVE OFFICER COMPENSATION
The following table sets forth the base salaries of the Named Executive
Officers1 (the “NEOs”) of Franklin Resources, Inc. (the “Company”) as of
September 30, 2018.
Name and Principal Positions 
Base Salary
Gregory E. Johnson
Chairman of the Board and Chief Executive Officer
$
780,132

Kenneth A. Lewis
Executive Vice President and Chief Financial Officer
$
525,000

Jennifer M. Johnson
President and Chief Operating Officer
$
600,000

Craig S. Tyle
Executive Vice President and General Counsel
$
525,000

Jed A. Plafker
Senior Vice President
$
500,000

The Named Executive Officers are also eligible to:

Incentive Compensation

(a)
receive an annual cash incentive award pursuant to the Company’s 2014 Key
Executive Incentive Compensation Plan and/or the Company’s Amended and Restated
Annual Incentive Compensation Plan, each as amended and restated;

(b)
participate in the Company’s equity incentive program under which they may be
granted restricted stock awards and/or restricted stock unit awards (including
both time and performance based awards) pursuant to the Company’s 2002 Universal
Stock Incentive Plan, as amended and restated; and

(c)
receive additional cash or equity awards for special recognition of significant
contributions or for retention purposes (which may include time and performance
based awards).

Benefit Plans and Other Arrangements

(a)
participate in the Company’s broad-based benefit programs generally available to
its salaried employees, including health, disability and life insurance
programs, the Franklin Templeton 401(k) Retirement Plan and the Company’s 1998
Employee Stock Investment Plan, as amended and restated (the “ESIP”); provided
that Mr. G. Johnson and Ms. J. Johnson are not eligible to participate in the
ESIP; and

(b)
receive certain perquisites offered by the Company, including club memberships,
and, in certain limited cases, use of the Company’s aircraft for personal use.

__________________________
1 
The Named Executive Officers listed herein are the Company’s principal executive
officer, principal financial officer, and the three most highly compensated
executive officers of the Company as of September 30, 2018.