Exhibit 10.1

FORM OF AMENDED AND RESTATED
DIRECTOR INDEMNIFICATION AGREEMENT
This AMENDED AND RESTATED INDEMNIFICATION AGREEMENT is made this ___ day of
[month], [year] (the "Agreement") by and between The Bank of New York Mellon
Corporation (the "Company") and [          ] ("Indemnitee").
WHEREAS, the Company and the Indemnitee previously entered into an
Indemnification Agreement (the “Prior Agreement”);
WHEREAS, pursuant to the Prior Agreement, the Company and the Indemnitee wish to
amend and restate the Prior Agreement to read as set forth herein;
WHEREAS, Indemnitee is a Director of the Company and may also be serving or may
serve in the future in another Position (as hereinafter defined) at an
Affiliated Entity (as hereinafter defined);
WHEREAS, in consideration of the Indemnitee acting in the Position or Positions
and assuming the responsibilities attendant to the Position or Positions, the
Company desires to provide Indemnitee the rights to indemnification and payment
or reimbursement of expenses described below;
NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Company and Indemnitee do hereby covenant and agree as follows:
Section 1. Definitions. For purposes of this Agreement:
(a)    “Change of Control” means, and shall be deemed to have occurred if, on or
after the date of this Agreement, (i) any “person” (as such term is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended),
other than (A) a trustee or other fiduciary holding securities under an employee
benefit plan of the Company or any of its subsidiaries acting in such capacity,
or (B) a corporation owned directly or indirectly by the stockholders of the
Company in substantially the same proportions as their ownership of stock of the
Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under
such Act), directly or indirectly, of securities of the Company representing
more than 20% of the total voting power represented by the Company’s then
outstanding Voting Securities, (ii) during any period of two consecutive years,
individuals who at the beginning of such period constitute the board of
directors of the Company and any new director whose election by the board of
directors of the Company or nomination for election by the Company’s
stockholders was approved by a vote of at least two-thirds (2/3) of the
directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved,
cease for any reason to constitute a majority thereof, (iii) the stockholders of
the Company approve a merger or consolidation of the Company with any other
corporation other than a merger or consolidation that would result in the Voting
Securities of the Company outstanding immediately prior thereto continuing to
represent (either by remaining outstanding or by being converted into Voting
Securities of the surviving entity) at least 80% of the total voting power
represented by the Voting Securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, (iv) the
stockholders of the Company approve a plan of complete

    

--------------------------------------------------------------------------------

liquidation of the Company or an agreement for the sale or disposition by the
Company of (in one transaction or a series of related transactions) all or
substantially all of its assets, or (v) the Company shall file or have filed
against it, and such filing shall not be dismissed, any bankruptcy, insolvency
or dissolution proceedings, or a trustee, administrator or creditors committee
shall be appointed to manage or supervise the affairs of the Company.
(b)    "Expenses" shall include all out of pocket fees, costs and expenses,
including, without limitation, attorneys' fees, retainers, court costs,
transcript costs, fees of experts, witness fees, travel expenses, duplicating
costs, printing and binding costs, postage, delivery service fees, and all other
disbursements or expenses of the types customarily incurred if Indemnitee is
involved in any manner (including, without limitation, as a party or a witness)
in any Proceeding (as hereinafter defined) and the fees and costs incurred in
seeking to enforce, interpret or construe an indemnification, reimbursement or
payment right under this Agreement, the Company’s or any subsidiary’s
certificate of incorporation or bylaws, the Company’s Indemnification Policy,
any other agreement to which Indemnitee and the Company or any of its
subsidiaries are party, any vote of stockholders or directors of the Company or
any of its subsidiaries, the Delaware General Corporation Law (the “DGCL”), any
other applicable law or any liability insurance policy or in connection with a
determination contemplated by Section 5 of this Agreement.
(c)    “FDIC Regulations” means regulations of the Federal Deposit Insurance
Corporation (or any successor provisions).
(d)    “Position” means service as a director of the Company or Company advisory
board or of any other corporation, limited liability company, public limited
company, partnership, joint venture, trust, employee benefit plan, fund or other
enterprise as to which the Company beneficially owns, directly or indirectly, at
least a majority of the voting power of equity or membership interests, or in
the case of employee benefit plans, is sponsored or maintained by the Company or
one of the foregoing (any of the foregoing, an “Affiliated Entity”).
(e)    "Proceeding" shall mean any civil, criminal, administrative or
investigative action, suit, proceeding or procedure in which the Indemnitee is
involved in any manner including, without limitation, as a party or a witness by
reason of the fact of the Indemnitee’s Position or Positions.
(f)    “Undertaking” shall mean an undertaking by Indemnitee to repay Expenses
if (1) to the extent such Expenses are not covered by payments from insurance or
bonds purchased pursuant to Section 359.1(1)(2) of the FDIC Regulations, the
advanced Expenses subsequently are determined to be, by a court of competent
jurisdiction from which no appeal can be taken, “prohibited indemnification
payments”, as defined under the FDIC Regulations, or (2) it shall ultimately be
determined by a court of competent jurisdiction from which no appeal can be
taken that Indemnitee is not entitled to be indemnified by the Company.
(g)    “Voting Securities” means any securities of the Company that vote
generally in the election of directors.
Section 2. Indemnification –- General. The Company shall indemnify, subject to
the terms of this Agreement, Indemnitee against all judgments, awards, fines,
ERISA excise taxes, penalties, amounts paid in settlement, liabilities and
losses and shall pay or reimburse all Expenses incurred by Indemnitee, subject
to the terms of this Agreement, to the fullest extent permitted by Delaware law
in effect on the date hereof or as amended to increase the scope of permitted
indemnification, if Indemnitee is involved in

-2-

--------------------------------------------------------------------------------

any manner (including, without limitation, as a party or a witness) in any
Proceeding by reason of the fact of Indemnitee's Position or Positions,
including, without limitation, any Proceeding by or in the right of the Company
to procure a judgment in its favor, but excluding any Proceeding initiated by
Indemnitee [or any entity of which Indemnitee is a partner, principal, officer
or otherwise holds a controlling interest in;] other than (i) Proceedings
initiated by Indemnitee which are consented to in advance in writing by the
Company and (ii) counterclaims made by Indemnitee in a Proceeding which directly
respond to and negate the affirmative claim made against Indemnitee in such
Proceeding. In the event Indemnitee incurs Expenses or settles a Proceeding
under circumstances in which the Company would have an obligation to indemnify
Indemnitee for the Expenses or settlement amount, the Company may discharge its
indemnification obligation by making payments on behalf of Indemnitee directly
to the parties to whom such Expenses or settlement amounts are owed by
Indemnitee. Notwithstanding the foregoing, the Company will also, to the fullest
extent permitted by Delaware law in effect on the date hereof or as amended to
increase the scope of permitted indemnification, indemnify, reimburse and pay
Indemnitee for Expenses incurred in seeking to enforce, interpret or construe an
indemnification, reimbursement or payment right under the Company’s or any
subsidiary’s certificate of incorporation or bylaws, the Company’s
Indemnification Policy, any other agreement to which Indemnitee and the Company
or any of its subsidiaries are party, any vote of stockholders or directors of
the Company or any of its subsidiaries, the DGCL, any other applicable law or
any liability insurance policy.
Section 3. Expenses. Upon receipt by the Company of an Undertaking by
Indemnitee, the Company shall pay or reimburse Expenses incurred by Indemnitee
in connection with a Proceeding, any action or proceeding contemplated by the
last sentence of Section 2 of this Agreement and any determination contemplated
by Section 5 of this Agreement, in each case in advance of its final
disposition. The Company shall not impose other conditions to advancement and
shall not seek or agree to any order that would prohibit Indemnitee from
enforcing such right to advancement. Such payment shall be made within thirty
(30) days after the receipt by the Company of a written request from Indemnitee
requesting reimbursement or payment of such Expenses. Such request shall
reasonably evidence the Expenses incurred by Indemnitee. The burden of proving
that the Company is not liable for reimbursement or payment of Expenses shall be
on the Company.
Section 4. Limitations. The Company shall not indemnify Indemnitee (1) if such
indemnification or payment would constitute a "prohibited indemnification
payment" under the FDIC Regulations or any other applicable laws, rules or
regulations, (2) for an accounting of profits arising from the purchase and sale
by the Indemnitee of securities under Section 16(b) of the Securities Exchange
Act of 1934, as amended or (3) for violations of Federal or state insider
trading laws, unless, in each such case, Indemnitee has been successful on the
merits, received the Company's written consent prior to incurring an Expense or,
after receiving the Company’s written consent to incurring the cost of
settlement, settled the Proceeding. This Section 4 shall not limit the Company’s
obligation to advance Expenses to Indemnitee pursuant to Section 3 of this
Agreement.
Section 5. Standard of Conduct. No claim for indemnification shall be paid by
the Company unless it has been determined that Indemnitee acted in good faith
and in a manner Indemnitee reasonably believed to be in or not opposed to the
best interests of the Company and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his or her conduct was unlawful,
which is the standard of conduct set forth in Section 145 of the DGCL (as such,
the "Standard of Conduct", with such Standard of Conduct to be automatically
revised to conform to any successor provision of the DGCL that is more favorable
to Indemnitee) except that no indemnification shall be made with respect to any
Proceeding by or in right of the Company as to which the Indemnitee shall have
been adjudged to be liable to the Company, except as determined by the court or
other tribunal adjudicating the Proceeding. Unless (1) a Change of Control (as
defined in Section 1 of this Agreement) shall have occurred, or (2) ordered by a
court or other tribunal, such determinations of whether the Standard of Conduct
has been

-3-

--------------------------------------------------------------------------------

satisfied shall be made by (A) a majority vote of the directors of the Company
who are not parties to the Proceeding, even though less than a quorum, or (B) by
a committee of such directors designated by a majority vote of such directors,
even though less than a quorum, or (C) if there are no such directors, or if
such directors so direct, by independent legal counsel in a written opinion, or
(D) by stockholders of the Company. If a Change of Control has occurred, such
determination of whether the Standard of Conduct has been satisfied shall be
made by independent legal counsel in a written opinion to the Company and
Indemnitee. Such independent legal counsel shall be selected by Indemnitee and
approved by the Company (which approval shall not be unreasonably withheld or
delayed). The Company shall pay the fees and expenses of the independent legal
counsel and indemnify the independent legal counsel against any and all expenses
(including attorneys’ fees), claims, liabilities and damages arising out of or
relating to its engagement and shall indemnify, reimburse and pay Indemnitee for
Expenses incurred in connection with such determination. Indemnitee shall be
deemed to have met the Standard of Conduct if the determination is not made by
the Company within sixty days of receipt by the General Counsel of a written
request by Indemnitee for indemnity. If the Indemnitee has been determined not
to have met the Standard of Conduct, Indemnitee may commence litigation in any
court in the State of Delaware having subject matter jurisdiction thereof and in
which venue is proper seeking an initial de novo determination by the court or
challenging any such determination or any aspect thereof, including the legal or
factual bases therefor, and the Company hereby consents to service of process
and agrees to appear in any such proceeding. Any determination under this
Section 5 otherwise shall be conclusive and binding on the Company and
Indemnitee. In no event shall a determination be a prerequisite to or affect the
Company’s obligation to advance Expenses to Indemnitee pursuant to Section 3 of
this Agreement.
Section 6. Contribution. If the full indemnification and payment or
reimbursement of Expenses provided by this Agreement may not be paid to
Indemnitee because it has been finally adjudicated that such indemnification or
payment or reimbursement of Expenses incurred by Indemnitee is prohibited by
Delaware or other law, or if it has been determined as provided above that the
Standard of Conduct has not been met, and if and to the extent that Indemnitee
is not entitled to coverage under the Company’s directors and officers liability
insurance policy, then in respect of any such actual or threatened Proceeding in
which the Company or an Affiliated Entity is jointly liable with Indemnitee (or
would be if joined in such Proceeding), as determined
(a)    if no Change of Control has occurred, by (1) a majority vote of the
directors of the Company who are not parties to the Proceeding, even though less
than a quorum, or (2) by a committee of such directors designated by a majority
vote of such directors, even though less than a quorum, or (3) if there are no
such directors, or if such directors so direct, by independent legal counsel in
a written opinion, or (4) by stockholders of the Company, or
(b)    if a Change of Control has occurred, by independent legal counsel in a
written opinion to the Company and Indemnitee (such independent legal counsel to
be selected by Indemnitee and approved by the Company (which approval shall not
be unreasonably withheld or delayed)),
the Company shall contribute to the amount of loss, liability or Expenses
incurred by Indemnitee in such proportion as appropriate to reflect (i) the
relative benefits received by the Company and any Affiliated Entity on the one
hand and Indemnitee on the other hand from the transaction from which such
Proceeding arose and (ii) the relative fault of the Company or Affiliated
Entity, including other persons indemnified by the Company on the one hand, and
Indemnitee on the other hand in connection with the events which resulted in
such Proceeding, as well as any other relevant equitable considerations. The
relative fault of the Company or any Affiliated Entity, including other persons
indemnified by the Company, on the one hand, and of Indemnitee on the other hand
shall be determined by reference to,

-4-

--------------------------------------------------------------------------------

among other things, the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent the circumstances resulting in
such Proceeding. The Company acknowledges that it would not be just and
equitable if contribution pursuant to this Section 6 were determined by pro rata
allocation or any other method of allocation which does not take into account
the foregoing equitable considerations.
Section 7. Defense of Claim. If any Proceeding asserted or commenced against
Indemnitee is also asserted or commenced against the Company or an Affiliated
Entity, the Company or the Affiliated Entity shall be entitled, except as
otherwise provided herein below, to assume the defense thereof. After notice
from the Company or any Affiliated Entity to Indemnitee of its election to
assume the defense of any such Proceeding, Indemnitee shall have the right to
employ Indemnitee's own counsel in such Proceeding, but the Expenses of such
counsel incurred after notice from the Company or any Affiliated Entity to
Indemnitee of its assumption of the defense thereof shall be at the expense of
Indemnitee and the Company shall not be obligated to Indemnitee under this
Agreement for any Expenses subsequently incurred by Indemnitee in connection
therewith other than reasonable costs of investigation and reasonable travel and
lodging expenses arising out of Indemnitee's participation in the defense of
such Proceeding, unless (i) otherwise notified by the Company, (ii) Indemnitee's
counsel shall have reasonably concluded and so notified the Company that there
is a conflict of interest between the Company or any Affiliated Entity and
Indemnitee in the conduct of defense of such Proceeding, or (iii) the Company or
any Affiliated Entity shall not in fact have employed counsel to assume the
defense of such Proceeding, in any of which cases the Expenses of Indemnitee in
such Proceeding shall be reimbursed or paid by the Company. The Company or any
Affiliated Entity shall not be entitled to assume the defense of any Proceeding
brought by or on behalf of the Company by its stockholders or as to which
Indemnitee's counsel shall have made the conclusion set forth in clause (ii) of
the preceding sentence of this Section 7.
Section 8. Settlement. The Company will not, without the prior written consent
of the Indemnitee, which may be provided or withheld in Indemnitee’s sole
discretion, effect any settlement of any Proceeding against Indemnitee unless
such settlement solely involves the payment of money by persons other than
Indemnitee and includes an unconditional release of Indemnitee from all
liability arising from or relating to any matters that are the subject of such
Proceeding. The Company shall not be obligated to indemnify Indemnitee against
amounts paid in settlement of a Proceeding against Indemnitee if such settlement
is effected by Indemnitee without the Company’s prior written consent, which
shall not be unreasonably withheld.
Section 9. Duration of Agreement. This Agreement will be considered to be in
effect on the first day of the Indemnitee’s Position or Positions, even if such
date occurs prior to the date of this Agreement, and will continue for so long
as Indemnitee may be subject to any possible Proceeding by reason of the fact of
Indemnitee's Position or Positions, whether or not Indemnitee ceases to hold
such Position or Positions.
Section 10. Confidentiality. Except as permitted by applicable laws pertaining
to the initiation of communications to, and cooperation with, the Securities and
Exchange Commission, the Financial Industry Regulatory Authority and other
governmental or regulatory bodies or officials, or as otherwise becomes public
(other than in violation of this Agreement) or as communicated to Indemnitee's
counsel or to Indemnitee’s or the Company’s insurer, in seeking indemnification
or reimbursement or payment of Expenses hereunder, Indemnitee agrees to keep
confidential any information that arises in connection with this Agreement,
including but not limited to, claims for indemnification or payment or
reimbursement of Expenses, amounts paid or payable under this Agreement and any
communications between the Indemnitee and the Company.

-5-

--------------------------------------------------------------------------------

Section 11. Applicability to Other Indemnification Provisions. This Agreement is
entered into pursuant to Section 145(f) of the DGCL and to the fullest extent
permitted by law shall be in addition to indemnification and reimbursement or
payment of Expenses provided by the DGCL. To the fullest extent permitted by
law, the Company shall apply this Agreement, which is substantially consistent
with the Company's Indemnification Policy as in effect on the date hereof, in
considering requests for indemnification or reimbursement or payment of Expenses
under its Indemnification Policy, certificate of incorporation, by-laws, or any
other agreement or undertaking of the Company or similar constituent documents
of an Affiliated Entity that provides rights to indemnification or reimbursement
or payment of Expenses ("Alternate Indemnification Provisions"). For the
avoidance of doubt, should there be any differences between the Company’s
Indemnification Policy and this Agreement, this Agreement will govern.
Section 12. No Duplication of Payments. The Company shall indemnify and pay or
reimburse Expenses of the Indemnitee in accordance with the provisions of this
Agreement, provided, however, that the Company shall not be liable under this
Agreement to make any payment to Indemnitee to the extent that Indemnitee
(i) has previously received payment or reimbursement under an insurance policy
maintained by the Company or by or out of a fund created by the Company and
under the control of a trustee or otherwise, or (ii) has previously received
payment from other sources provided by the Company.
Section 13. Insurance. To the extent the Company maintains an insurance policy
or policies providing directors and officers liability insurance, Indemnitee
shall be covered by such policy or policies, in accordance with and subject to
its or their terms, to the maximum extent of the coverage available for any
member of the Board.
Section 14. Subrogation. In the event of payment under this Agreement, the
Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee under any insurance policy held by the Company or an
Affiliated Entity or otherwise. Indemnitee shall execute all documents
reasonably required and shall do everything reasonably necessary to secure such
rights, including the execution of such documents necessary to enable the
Company to effectively bring suit to enforce such rights.
Section 15. Notice by Indemnitee. Indemnitee shall promptly notify the Company
in writing in accordance with Section 21 of this Agreement upon the earlier of
(a) becoming aware of a Proceeding where indemnity or reimbursement or payment
of Expenses may be sought or (b) receiving or being served with any summons,
citation, subpoena, complaint, indictment, information, inquiry or other
document relating to any Proceeding which may be subject to indemnification or
reimbursement or payment of Expenses covered hereunder. As a condition to
indemnification or reimbursement or payment of Expenses, any demand for payment
by Indemnitee hereunder shall be in writing.
Section 16. Severability. If any provision of this Agreement shall be held to be
invalid, inoperative or unenforceable as applied to any particular Proceeding or
in any particular jurisdiction, for any reason, such circumstances shall not
have the effect of rendering the provision in question invalid, inoperative or
unenforceable in any other distinguishable Proceeding or jurisdiction, or of
rendering any other provision or provisions herein contained invalid,
inoperative or unenforceable to any extent whatsoever. The invalidity,
inoperability or unenforceability of any one or more phrases, sentences, clauses
or sections contained in this Agreement shall not affect any other remaining
part of this Agreement.

-6-

--------------------------------------------------------------------------------

Section 17. Binding Effect. This Agreement shall be binding upon, and inure to
the benefit of, Indemnitee and Indemnitee's heirs, personal representatives,
executors and administrators and upon the Company and its successors and
assigns.
Section 18. Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute one and the same Agreement.
Section 19. Headings. The headings of the paragraphs of this Agreement are
inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction thereof.
Section 20. Modification and Waiver. No supplement, modification or amendment of
this Agreement shall be binding unless executed in writing by both of the
parties hereto. No waiver of any of the provisions of this Agreement shall be
deemed or shall constitute a waiver of any other provisions hereof (whether or
not similar) nor shall such waiver constitute a continuing waiver.
Section 21. Notices. All notices, requests, demands and other communications
hereunder shall be in writing and shall be deemed to have been duly given if
(i) delivered by hand, on the date delivered, (ii) mailed by certified or
registered mail, with postage prepaid, on the third business day after the date
on which it is mailed or (iii) sent by guaranteed overnight courier service,
with postage prepaid, on the business day after the date on which it is sent:
(a)
If to Indemnitee, to the address set forth on the signature page of this
Agreement;

(b)
If to the Company, to:

The Bank of New York Mellon Corporation
225 Liberty Street
New York, NY 10286
Attention: General Counsel

with copies to:

The Bank of New York Mellon Corporation
225 Liberty Street
New York, NY 10286
Attention: Corporate Secretary
or to such other address as may have been furnished to Indemnitee by the Company
or to the Company by Indemnitee, as the case may be.
Section 22. Governing Law. The parties agree that this Agreement shall be
governed by, and construed and enforced in accordance with, the laws of the
State of Delaware.
Section 23. Venue. Any Proceeding relating to or arising from this Agreement,
including without limitation, any Proceeding regarding indemnification or
reimbursement or payment of Expenses arising out of this Agreement, shall only
be brought and heard in the Chancery Court in and for the State of Delaware, and
may not be brought in any other judicial forum.

-7-

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day
and year first above written.
THE BANK OF NEW YORK MELLON CORPORATION

By:    _______________________
Name:    
Title:    

AGREED TO AND ACCEPTED BY:

___________________________________
Name:
Address:

-8-