Exhibit 10371



		

			Exhibit 10.371

		


		

			 

		




		
			THE CHARLES SCHWAB CORPORATION
		

		
			[2013 STOCK INCENTIVE PLAN]
		

		
			NOTICE OF RESTRICTED STOCK UNIT GRANT
		

		
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			You have been granted Restricted Stock Units.  A Restricted Stock Unit represents the right to receive, subject to certain conditions, a share of common stock (a “Share”) of The Charles Schwab Corporation (“Schwab”) under [The Charles Schwab Corporation 2013 Stock Incentive Plan] (the “Plan”).  Your Restricted Stock Units are granted subject to the following terms: 
		

		
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						Name of Recipient:

					
						 

					
					
						<first_name> <last_name>

				
	
					
						Total Number of

					
						Restricted Stock Units

					
						Granted:

					
						 

					
					
						 

					
						 

					
						<shares_awarded>

				
	
					
						Grant Date:

					
						 

					
					
						<award_date>

				
	
					
						Vesting Schedule:

					
						 

					
					
						So long as you remain in service in good standing and subject to the terms of the Restricted Stock Unit Agreement, the Restricted Stock Units subject to this grant will become vested and distributable on the following dates and in the following amounts, subject to the restrictions below:

					
						 

					
						Number of Restricted Stock Units on Vesting Date:

					
						<vesting_schedule>

				



		
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			Restricted Stock Units are an unfunded and unsecured obligation of Schwab.  Any vested Restricted Stock Units will be paid in Shares as provided in the Restricted Stock Unit Agreement.
		

		
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			You and Schwab agree that this grant is issued under and governed by the terms and conditions of the Plan and the Restricted Stock Unit Agreement, both of which are made a part of this notice.  Please review the Restricted Stock Unit Agreement and the Plan carefully, as they explain the terms and conditions of this grant.   You agree that Schwab may deliver electronically all documents relating to the Plan or this grant (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that Schwab is required to deliver to its stockholders.  By accepting this grant, you agree to all of the terms and conditions described above, in the Restricted Stock Unit Agreement and in the Plan, and you have no right whatsoever to change or negotiate such terms and conditions. 
		

		
			 
		


		

		

		 


		

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		THE CHARLES SCHWAB CORPORATION
		

		
			[2013 STOCK INCENTIVE PLAN]
		

		
			RESTRICTED STOCK UNIT AGREEMENT
		

		
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						Payment for Units

					
					
						No payment is required for the Restricted Stock Units that you are receiving. Restricted Stock Units are an unfunded and unsecured obligation of The Charles Schwab Corporation (“Schwab”).

					
						 

				
	
					
						Vesting

					
					
						Subject to the provisions of this Restricted Stock Unit Agreement (“Agreement”), a Restricted Stock Unit becomes vested and distributable as of the earliest of the following:

					
						 

				
	
					
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					(1)
					
					
						The applicable Vesting Date for the Restricted Stock Unit indicated in the Notice of Restricted Stock Unit Grant.

					
						 

				
	
					
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					(2)
					
					
						Your death.

					
						 

				
	
					
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					(3)
					
					
						Your disability.

					
						 

				
	
					
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					(4)
					
					
						Your separation from service, if the separation qualifies as a retirement or a severance eligible termination (provided that vesting shall occur upon a severance eligible termination only to the extent provided in The Charles Schwab Severance Pay Plan (or any successor plan)).

					
						 

				
	
					
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					(5)
					
					
						A change in control.

					
						 

				
	
					
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						Unvested units will be considered “Restricted Stock Units.”  If your service terminates for any reason, then your Restricted Stock Units will be forfeited to the extent that they have not vested before the termination date and do not vest as a result of the termination. This means that the Restricted Stock Units will immediately revert to Schwab. You will receive no payment for Restricted Stock Units that are forfeited.  Schwab determines when your service terminates for this purpose. For all purposes of this Agreement, “service” means continuous employment as a common-law employee of Schwab or a parent corporation or subsidiary of Schwab, and “subsidiary” means a subsidiary corporation as defined in section 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”).

					
						 

				
	
					
						Definition of Fair Market Value

					
					
						“Fair market value” means the average of the high and low price of a Share (as defined below) as reported on the New York Stock Exchange on the applicable determination date.

					
						 

				



		

		

		 


		

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						Definition of Disability

					
					
						For all purposes of this Agreement, “disability” means that you have a disability that qualifies as such under section 409A of the Code and due to which you have been determined to be eligible for benefits under Schwab’s long-term disability plan or if you are not covered by Schwab’s long-term disability plan, you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which has lasted, or can be expected to last, for a continuous period of not less than 12 months or which can be expected to result in death as determined by Schwab in its sole discretion.

					
						 

				
	
					
						Definition of Retirement

					
					
						If you are an employee of Schwab and its subsidiaries, “retirement” means a separation from service for any reason other than death at any time after you attain age 55, but only if, at the time of your separation, you have been credited with at least 10 years of service. 

					
						 

					
						The phrase “years of service” above has the same meaning given to it under The SchwabPlan Retirement Savings and Investment Plan (or any successor plan). 

					
						 

				
	
					
						Definition of Severance Eligible Termination

					
					
						For all purposes of this Agreement, “severance eligible termination” means a separation from service entitling you to severance benefits when you have signed your Severance Agreement under The Charles Schwab Severance Pay Plan (or any successor plan).

					
						 

				
	
					
						Definition of Change in Control

					
					
						For all purposes of this Agreement, “change in control” means an event that qualifies as a change in control event under section 409A of the Code and as a change in control as defined in [The Charles Schwab Corporation 2013 Stock Incentive Plan] (the “Plan”).

					
						 

				
	
					
						Definition of Separation From Service

					
					
						For all purposes of this Agreement, “separation from service” means a separation from service as defined under section 409A of the Code. 

					
						 

				
	
					
						Payment of Shares

					
					
						Any vested Restricted Stock Units will be paid in shares of common stock of Schwab (“Shares”) as provided herein.  Shares that have become vested and distributable under this Agreement shall be distributed as follows:

					
						 

				
	
					
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					(1)
					
					
						Shares that vest and become distributable on a Vesting Date shall be distributed within 30 days of the Vesting 

				



		

		

		 


		

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						Date.

					
						 

				
	
					
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					(2)
					
					
						Shares that vest and become distributable on death, disability or a change in control, shall be distributable within 90 days of such event.

					
						 

				
	
					
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					(3)
					
					
						Shares that vest and become distributable on a separation from service (either a retirement or a severance eligible termination) shall be distributed within 90 days of the separation from service. Generally, for severance eligible terminations, the distribution date shall be the “termination date” specified in the notice under The Charles Schwab Severance Pay Plan. Notwithstanding the foregoing, if at the time of your separation from service, you are a “specified employee”, you will receive your Shares six months after your separation from service. “Specified Employee” means a “specified employee” within the meaning of section 409A of the Code and any regulatory guidance promulgated thereunder, provided that in determining the compensation of individuals for this purpose, the definition of compensation in Treas. Reg. § 1.415(c)-2(d)(2) shall be used.

					
						 

				
	
					
						Restrictions on Restricted Stock Units

					
					
						You may not sell, transfer, pledge, or otherwise dispose of any Restricted Stock Units without Schwab’s written consent. Schwab will deliver Shares to you only after the Restricted Stock Units vest and after all other terms and conditions in this Agreement have been satisfied. 

					
						 

					
						Schwab may, in its sole discretion, allow you to transfer these Restricted Stock Units under a domestic relations order in settlement of marital or domestic property rights.

					
						 

					
						In order to transfer these Restricted Stock Units, you and the transferee(s) must follow the procedures prescribed by Schwab, and the transferee(s) must follow the terms of this Agreement.

					
						 

				
	
					
						Delivery of Shares After Death

					
					
						In the event that Shares are distributable upon your death, the Shares will be delivered to your beneficiary or beneficiaries. You may designate one or more beneficiaries by filing a beneficiary designation form with Schwab.  You may change your beneficiary designation by filing a new form with Schwab at any time prior to your death.  If you do not designate a beneficiary or if your designated beneficiary 

				



		

		

		 


		

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						predeceases you, then your Shares will be delivered to your estate.

					
						 

				
	
					
						Cancellation of Restricted Stock Units

					
					
						To the fullest extent permitted by applicable laws, these Restricted Stock Units will immediately be cancelled and will expire in the event that Schwab terminates your employment on account of conduct contrary to the best interests of Schwab, including, without limitation, conduct constituting a violation of law or Schwab policy, fraud, theft, conflict of interest, dishonesty or harassment. The determination whether your employment has been terminated on account of conduct inimical to the best interests of Schwab shall be made by Schwab in its sole discretion, and will be entitled to deference upon any review.

					
						 

				
	
					
						Restrictions on Resale

					
					
						You agree not to sell any Shares at a time when applicable laws, Schwab’s policies, or an agreement between Schwab and its underwriters prohibit a sale.  This restriction will apply as long as your service continues and for such period of time after the termination of your service as Schwab may specify.

					
						 

				
	
					
						Withholding Taxes

					
					
						Shares will not be distributed unless you have made acceptable arrangements to pay any applicable withholding taxes that may be due as a result of the vesting and or the distribution of the Shares.  These arrangements may include withholding Shares.  Schwab may withhold the number of whole Shares, valued at the fair market value on the applicable date, required to satisfy such applicable withholding taxes.  Schwab will round up to the next whole Share to cover the applicable withholding taxes, and any amounts in excess of the applicable withholding taxes resulting from rounding up to the next whole Share will be added to your federal income tax withholdings. 

					
						 

					
						Applicable withholding taxes due on the distribution of Shares subject to this award following termination of employment will be withheld as noted above, unless you have made acceptable arrangements to pay any applicable withholding taxes in cash. If you elect to pay applicable withholding taxes due upon the distribution of Shares in cash, you are responsible for having sufficient funds in your Schwab brokerage account to cover the applicable withholding taxes at the time they are due.

					
						 

					
						Any withholding taxes due prior to distribution of Shares (e.g., under section 3121(v)(2) of the Code upon retirement

				



		

		

		 


		

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						eligibility) shall be paid by accelerating the vesting of and withholding of Shares payable in connection with such Restricted Stock Units for participants other than executive officers of Schwab (i.e., individuals holding the office of Executive Vice President or above), who shall pay such withholding taxes in cash upon Schwab’s request.  Prior to the distribution of Shares, the number of Shares accelerated and withheld for withholding taxes will be rounded down to the next whole Share, and any amounts of less than the fair market value of a Share will be deducted from your pay to cover the applicable withholding taxes due prior to distribution of Shares.  Participants may not make any election as to the payment of withholding taxes due prior to the distribution of Shares (e.g., under section 3121(v)(2) of the Code upon retirement eligibility).

					
						 

				
	
					
						No Stockholder Rights

					
					
						Your Restricted Stock Units carry no voting or other stockholder rights.  You have no rights as a Schwab stockholder until your Restricted Stock Units are settled by issuing Shares. 

					
						 

				
	
					
						Contribution of Par Value

					
					
						On your behalf, Schwab will contribute to its capital an amount equal to the par value of the Shares issued to you.

					
						 

				
	
					
						Dividend Equivalent Rights

					
					
						If Schwab pays cash dividends on Shares, you will receive cash equal to the dividend per Share multiplied by the number of unvested Restricted Stock Units.  Each such payment shall be made as soon as practicable following the payment of the actual dividend, but in no event beyond March 15 of the year following the year the actual dividend is paid.

					
						 

				
	
					
						No Right to Remain Employee

					
					
						Nothing in this Agreement will be construed as giving you the right to be retained as an employee, contingent worker, or director of Schwab and its subsidiaries for any specific duration or at all.

					
						 

				
	
					
						Limitation on 
Payments

					
					
						If a payment from the Plan would constitute an excess parachute payment under section 280G of the Code or if there have been certain securities law violations, then your grant may be reduced or forfeited and you may be required to disgorge any profit that you have realized from your grant. 

					
						 

					
						If a disqualified individual receives a payment or transfer under the Plan that would constitute an excess parachute payment under section 280G of the Code, such payment will

				



		

		

		 


		

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						be reduced, as described below.  Generally, someone is a “disqualified individual” under section 280G if he or she is (a) an officer of Schwab, (b) a member of the group consisting of the highest paid 1% of the employees of Schwab or, if less, the highest paid 250 employees of Schwab, or (c) a 1% stockholder of Schwab.  For purposes of this section on “Limitation on Payments,” the term “Schwab" will include affiliated corporations to the extent determined by the independent auditors most recently selected by the Schwab Board of Directors (the “Auditors”) in accordance with section 280G(d)(5) of the Code. 

					
						 

					
						In the event that the Auditors determine that any payment or transfer in the nature of compensation to or for your benefit, whether paid or payable (or transferred or transferable) pursuant to the terms of the Plan or otherwise (a “Payment”), would be nondeductible for federal income tax purposes because of the provisions concerning “excess parachute payments” in section 280G of the Code, then the aggregate present value of all Payments will be reduced (but not below zero) to the Reduced Amount (as defined below); provided, however, that the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Schwab may specify in writing that the grant will not be so reduced and will not be subject to reduction under this section. 

					
						 

					
						For this purpose, the “Reduced Amount” will be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be nondeductible by Schwab because of section 280G of the Code. 

					
						 

					
						If the Auditors determine that any Payment would be nondeductible because of section 280G of the Code, then Schwab will promptly give you notice to that effect and a copy of the detailed calculation of the Reduced Amount.  The Auditors will determine which and how much of the Payments will be eliminated or reduced (such that the aggregate present value of the Payments equals the Reduced Amount and is consistent with any mandatory eliminations or reductions that apply under other agreements or the Plan).  Schwab will notify you promptly of the Auditor's determination.  Present value will be determined in accordance with section 280G(d)(4) of the Code. The Auditors’ determinations will be binding upon you and

				



		

		

		 


		

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						Schwab and will be made within 60 days of the date when a Payment becomes payable or transferable.

					
						 

					
						As a result of uncertainty in the application of section 280G of the Code at the time of an initial determination by the Auditors, it is possible that Payments will have been made by Schwab that should not have been made (an “Overpayment”) or that additional Payments that will not have been made by Schwab could have been made (an “Underpayment”) consistent in each case with the calculation of the Reduced Amount.  In the event the Auditors, based upon the assertion of a deficiency by the Internal Revenue Service against you or Schwab that the Auditors believe has a high probability of success, determine that an Overpayment has been made, the amount of such Overpayment will be paid by you to Schwab on demand, together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code.  However, no amount will be payable by you to Schwab if and to the extent that such payment would not reduce the amount that is subject to taxation under section 4999 of the Code.  In the event the Auditors determine that an Underpayment has occurred, such Underpayment will promptly be paid or transferred by Schwab to or for your benefit, together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code, provided that no such Underpayment related to Shares distributable under this Agreement shall be paid beyond the deadline for making such payments under section 409A of the Code.

					
						 

				
	
					
						Plan Administration

					
					
						The Plan administrator has discretionary authority to make all determinations related to this grant and to construe the terms of the Plan, the Notice of Restricted Stock Unit Grant and this Agreement. The Plan administrator’s determinations are conclusive and binding on all persons, and they are entitled to deference upon any review. 

					
						 

				
	
					
						Adjustments

					
					
						In the event of a stock split, a stock dividend or a similar change in the Shares, the number of Restricted Stock Units that remain subject to forfeiture will be adjusted accordingly.

					
						 

				
	
					
						Severability

					
					
						In the event that any provision of this Agreement is held invalid or unenforceable, the provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement.

					
						 

				



		

		

		 


		

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						Applicable Law

					
					
						This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions), as such laws are applied to contracts entered into and performed in Delaware.

					
						 

				
	
					
						The Plan and Other Agreements

					
					
						The text of the Plan is incorporated in this Agreement by reference.  This Agreement, the Notice of Restricted Stock Unit Grant, and the Plan constitute the entire understanding between you and Schwab regarding this grant.  Any prior agreements, commitments or negotiations concerning this grant are superseded.  This Agreement may be amended only by another written agreement, signed by both parties and approved by the Compensation Committee.  If there is any inconsistency or conflict between any provision of this Agreement and the Plan, the terms of the Plan will control. 

					
						 

				



		
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			By accepting this grant, you agree to all of the terms and conditions described above and in the Plan. 
		

		 


		

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