Form of Terms and Conditions to the Stock Option Certificate



 Exhibit 10.2 
 Viacom Inc. 
 2006 Long-Term Management Incentive Plan 

(Amended and Restated on April 12, 2007, 
 December 2, 2008 and effective January 1, 2011) 
 2011 Terms
and Conditions to the Stock Option Certificate 
 ARTICLE I 

TERMS OF STOCK OPTIONS 
 Section 1.1        Grant of Stock Options. The Stock Options have been awarded to the Participant subject to the terms and conditions contained in
(A) the confirmation for the May 25, 2011 grant of Stock Options provided to the Participant (the “Stock Option Certificate”) and the Terms and Conditions contained herein (collectively with the Stock Option Certificate,
the “Certificate”) and (B) the Plan, the terms of which are hereby incorporated by reference. A copy of the Plan and the Prospectus dated May 25, 2011 are being provided simultaneously to the Participant on-line or
attached hereto. Capitalized terms that are not otherwise defined herein have the meanings assigned to them in the Stock Option Certificate or the Plan. The Stock Options are not intended to be, or qualify as, “Incentive Stock
Options” within the meaning of Section 422 of the Code. 

Section 1.2        Terms of Stock Options. 

(a)        Exercisability. The Stock Options shall be exercisable only to the extent the
Participant is vested therein. Subject to the other terms and conditions contained in the Certificate and in the Plan, the Stock Options shall vest in four installments of an approximately equal whole number of Stock Options on each of the
first, second, third and fourth anniversaries of the Date of Grant. 

(b)        Option Period. Except as provided in Section 1.2(c) hereof, the period
during which the Stock Options may be exercised shall expire on the eighth anniversary of the Date of Grant (the “Expiration Date”). If the Participant remains employed by the Company or any of its Subsidiaries through the
Expiration Date, his or her Outstanding Stock Options may be exercised to the extent exercisable until the close of trading (generally 4:00 p.m. New York time) on the last trading day falling within the exercise period on the New York Stock Exchange
or, if different, the principal stock exchange on which the Class B Common Stock is then listed. Thus, if the Expiration Date is not a trading day, then the last day the Stock Options may be exercised is the last trading day preceding the
Expiration Date. 
 (c)        Exercise in the Event of Termination of Employment,
Retirement, Death or Permanent Disability. 

  
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 (i)        Termination other than for Cause, or
due to Retirement, Death or Permanent Disability. Except as otherwise provided in this Section 1.2 or as otherwise determined by the Committee (including in any applicable employment agreement), in the event of the Participant’s
termination of employment other than a termination of employment for Cause or due to the Participant’s Retirement, Permanent Disability or death, the Participant’s Outstanding Stock Options can be exercised in accordance with the following
provisions: 
 (A)        if the Participant ceases to be an employee of
the Company or any of its Subsidiaries by reason of the voluntary termination by the Participant or the termination by the Company or any of its Subsidiaries other than a termination of employment for Cause, the Participant may exercise his or her
Outstanding Stock Options to the extent exercisable on the date of the Participant’s termination of employment until the earlier of six months after such date or the Expiration Date; 

(B)        if the Participant ceases to be an employee of the Company or any of
its Subsidiaries by reason of the Participant’s Retirement, the Participant may exercise his or her Outstanding Stock Options to the extent exercisable on the date of Retirement until the earlier of the third anniversary of such date or the
Expiration Date; 
 (C)        if a Permanent Disability of the
Participant occurs, the Participant’s Outstanding Stock Options may be exercised to the extent exercisable on the date of the onset of such Permanent Disability until the earlier of the third anniversary of such date or the Expiration Date; and

 (D)        if the Participant dies during a period during the
Participant could have exercised his or her Stock Options, the Participant’s Outstanding Stock Options may be exercised to the extent exercisable at the date of death by the person who acquired the right to exercise such Stock Options by will
or the laws of descent and distribution, permitted transfer or beneficiary designation until the earlier of the second anniversary of the date of death or the Expiration Date. 
 Except as otherwise provided in this Section 1.2 or as otherwise determined by the Committee, upon the occurrence of an event described in clauses (A), (B), (C) or (D) of this
Section 1.2(c)(i), all rights with respect to Stock Options that are not vested as of such event will be forfeited. A “termination of employment” occurs, for purposes of the Stock Options, when a Participant is no longer an
employee of the Company or any of its Subsidiaries. Unless the Committee determines otherwise, the employment of a Participant who works for a Subsidiary shall terminate, for purposes of the Stock Options, on the date on which the
Participant’s employing company ceases to be a Subsidiary. 

(ii)        Termination for Cause. If the Participant’s employment with the


  
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Company or any of its Subsidiaries ends due to a termination of employment for Cause then, unless the Committee in its discretion determines otherwise, all Outstanding Stock Options, whether or
not then vested, shall terminate effective as of the date of such termination. 

(iii)        Exercise Periods following Termination of Employment, Retirement, Permanent
Disability or Death. For the purposes of determining the dates on which Stock Options may be exercised following a the occurrence of an event described in clauses (A), (B), (C) or (D) of Section 1.2(c)(i), the day following
the occurrence of such event shall be the first day of the exercise period and the Stock Options may be exercised until the close of trading (generally 4:00 p.m. New York time) on the last trading day falling within the exercise period on the New
York Stock Exchange or, if different, the principal stock exchange on which the Class B Common Stock is then listed. Thus, if the last day of the exercise period is not a trading day, then the last date the Stock Options may be exercised is the
last trading day preceding the end of the exercise period. 

Section 1.3        Exercise of Stock Options. 

(a)        Whole or Partial Exercise. The Participant may exercise all vested
Outstanding Stock Options granted hereunder in whole at one time or in part in increments of 100 Stock Options (or the entire number of Outstanding Stock Options in which the Participant is vested, if such number is not a multiple of 100) by notice
to the Director, Global Equity Services, Viacom Inc., 1515 Broadway, New York, New York 10036, or to such agent(s) for the Company (“Agent”) as the Company may from time to time specify, in such manner and at such address as may be
specified from time to time by the Company. Such notice shall (i) state the number of Stock Options being exercised, and (ii) be signed (or otherwise authorized in a manner acceptable to the Company) by the person or persons so
exercising the Stock Options and, in the event the Stock Options are being exercised (pursuant to Section 1.2(c)(i) hereof) by any person or persons other than the Participant accompanied by proof satisfactory to the Company’s counsel of
the right of such person or persons to exercise the Stock Options. Information concerning any Agent and its address may be obtained by contacting the Director, Global Equity Services. 

(b)        Payment of Purchase Price Upon Exercise. Full payment of the aggregate
Exercise Price (which shall be determined by multiplying the number of Stock Options being exercised by the Exercise Price as set forth on the Stock Option Certificate) shall be made on or before the settlement date for the shares of Class B Common
Stock issued pursuant to the exercise of the Stock Options. Unless otherwise provided by the Company, such Exercise Price shall be paid in cash (e.g. personal bank check, certified check or official bank check). In accordance with the
rules and procedures established by the Company for this purpose, the Stock Options may be exercised through a procedure, approved by the Company from time to time, involving a broker or dealer, that affords the Participant the opportunity to sell
immediately some or all of the shares underlying the exercised portion of the Stock Options in order to generate sufficient cash to pay the 

  
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Exercise Price of the Stock Options. In addition, if the Company so permits, the Exercise Price may be paid in whole or in part using a net share settlement procedure or through the
withholding of shares subject to the Stock Options with a value equal to the Exercise Price.

(c)        Outstanding Stock Options. The number of shares of Class B Common Stock
subject to the Stock Options that is set forth on the Stock Option Certificate may not reflect the number of Outstanding Stock Options due to Stock Option exercises or adjustments pursuant to Article II. 

ARTICLE II 

EFFECT OF CERTAIN CORPORATE CHANGES 
 In the event of a merger, consolidation, stock split, reverse stock split, dividend, distribution, combination, reclassification, reorganization, split-up, spin-off or recapitalization that changes the
character or amount of the Class B Common Stock or any other changes in the corporate structure, equity securities or capital structure of the Company, the Committee shall make such adjustments, if any, to the number and kind of securities subject
to the Stock Options, and the Exercise Price of the Stock Options, in each case, as it deems appropriate. The Committee may, in its sole discretion, also make such other adjustments as it deems appropriate in order to preserve the benefits or
potential benefits intended to be made available hereunder. Such determinations by the Committee shall be conclusive and binding on all persons for all purposes. 
 ARTICLE III 
 DEFINITIONS 

As used herein, the following terms shall have the following meanings: 

(a)        “Board” shall mean the Board of Directors of the Company. 

(b)        “Cause” shall (i) have the meaning provided in a Company or a
Subsidiary employment agreement that is in effect and applicable to the Participant, or (ii) mean, if there is no such employment agreement or if such employment agreement contains no such term, unless the Committee determines otherwise,
(A) conduct constituting embezzlement, material misappropriation or fraud, whether or not related to the Participant’s employment with the Company or a Subsidiary; (B) conduct constituting a felony, whether or not related to the
Participant’s employment with the Company or a Subsidiary; (C) conduct constituting a financial crime, material act of dishonesty or material unethical business conduct, involving the Company or a Subsidiary; (D) willful unauthorized
disclosure or use of Company or Subsidiary confidential information; (E) the failure to substantially obey a material lawful directive that is appropriate to the Participant’s position from a superior in his or her reporting line or the
Board; (F) the failure or refusal to substantially perform the Participant’s material employment obligations (other than any such failure or refusal resulting from the Participant’s disability); (G) the willful failure to
cooperate with a bona fide internal investigation or 

  
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an investigation by regulatory or law enforcement authorities, whether or not related to employment with the Company or a Subsidiary, after being instructed by the Company or a Subsidiary to
cooperate; (H) the willful destruction of or failure to preserve documents or other material known to be relevant to any investigation referred to in subparagraph (G) above; or (I) the willful inducement of others to engage in the
conduct described in subparagraphs (A) – (H). 

(c)        “Certificate” shall have the meaning set forth in Section 1.1
hereof. 
 (d)        “Class B Common Stock” shall mean shares of Class
B Common Stock, par value $0.001 per share, of the Company. 

(e)        “Code” shall mean the U.S. Internal Revenue Code of l986, as amended,
including any successor law thereto and the rules, regulations and guidance promulgated thereunder. 

(f)        “Committee” shall mean the Compensation Committee of the Board (or
such other Committee(s) as may be appointed or designated by the Board to administer the Plan). 

(g)        “Company” shall mean Viacom Inc., a Delaware corporation. 

(h)        “Date of Grant” shall be the date set forth on the Stock Option
Certificate.
 (i)        “Expiration Date” shall be the date set forth
on the Stock Option Certificate and in Section 1.2(b) hereof. 

(j)        “Exercise Price” shall be the amount set forth on the Stock Option
Certificate, which amount shall be equal to the Fair Market Value of a share of Class B Common Stock on the Date of Grant. 

(k)        “Fair Market Value” of a share of Class B Common Stock on a given
date shall be the 4:00 p.m. (New York time) closing price on such date on the New York Stock Exchange or, if different, the principal stock exchange on which the Class B Common Stock is then listed. 

(l)        “Outstanding Stock Option” shall mean on a given date a Stock Option
granted to the Participant which has not yet been exercised and which has not yet expired or been terminated in accordance with its terms. 
 (m)        “Participant” shall mean the employee named on the Stock Option Certificate. 

(n)        “Permanent Disability” shall have the same meaning as such term or a
similar term has in the long-term disability policy maintained by the Company or a Subsidiary thereof for the Participant and that is in effect on the date of the onset of the 

  
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Participant’s Permanent Disability, unless the Committee determines otherwise. 
 (o)        “Plan” shall mean the Viacom Inc. 2006 Long-Term Management Incentive Plan, as amended and restated on April 12,
2007, December 2, 2008 and effective January 1, 2011, and as may be further amended from time to time. 

(p)        “Retirement” shall mean the resignation or termination of employment
after attainment of an age and years of service required for payment of an immediate pension pursuant to the terms of any qualified defined benefit retirement plan maintained by the Company or a Subsidiary in which the Participant participates;
provided, however, that no resignation or termination prior to a Participant’s 60th birthday shall be deemed a retirement unless the Committee so determines in its sole discretion; and provided further that the
resignation or termination of employment other than a termination of employment for Cause after attainment of age 60 shall be deemed a retirement if the Participant does not participate in a qualified defined benefit retirement plan maintained by
the Company or a Subsidiary. 
 (q)        “Section 409A” shall mean
Section 409A of the Code and the rules, regulations and guidance promulgated thereunder from time to time. 

(r)        “Stock Option” shall mean the contractual right granted to the
Participant to purchase shares of Class B Common Stock at such time and price, and subject to such other terms and conditions, as set forth in the Certificate and the Plan. 
 (s)        “Stock Option Certificate” shall have the meaning set forth in Section 1.1 hereof. 

(t)        “Subsidiary” shall mean a corporation (or a partnership or other
enterprise) in which the Company owns or controls, directly or indirectly, 50% or more of the outstanding shares of stock normally entitled to vote for the election of directors (or comparable equity participation and voting power). 

ARTICLE IV 

MISCELLANEOUS 
 Section 4.1        No Rights to Awards or Continued Employment. Neither the Certificate, the Plan nor any action taken in accordance with such
documents shall confer upon the Participant any right to be employed by or to continue in the employment of the Company or any Subsidiary, nor to be entitled to any remuneration or benefits not set forth in the Plan or the Certificate, including the
right to receive any future awards under the Plan or any other plan of the Company or any Subsidiary or interfere with or limit the right of the Company or any Subsidiary to modify the terms of or terminate the Participant’s employment at any
time for any reason. 
 Section 4.2        Restriction on Transfer. The
rights of the Participant with respect to the Stock Options shall be exercisable during the Participant’s lifetime only by the 

  
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Participant and shall not be transferable by the Participant to whom the Stock Options are granted, except by will, the laws of descent and distribution or beneficiary designation;
provided that the Committee may permit other transferability, subject to any conditions and limitations that it may, in its sole discretion, impose. 
 Section 4.3        Taxes. As a condition to the exercise of the Stock Options, the Participant shall make an arrangement acceptable to the Company
to pay to the Company an amount sufficient to satisfy the combined federal, state, local or other withholding tax obligations which arise in connection with the exercise of such Stock Options and make such payment. In accordance with the rules
and procedures established by the Company for this purpose, the Participant may satisfy such withholding obligations through a procedure involving a broker or dealer, that affords the Participant the opportunity to sell immediately some or all of
the shares underlying the exercised portion of the Stock Options in order to generate sufficient cash to pay such withholding obligations. In addition, if the Company so permits, the Exercise Price may be paid in whole or in part using a net
share settlement procedure or through the withholding of shares subject to the applicable Stock Options with a value equal to the Exercise Price. 
 Section 4.4        Stockholder Rights. The grant of Stock Options under the Certificate shall not entitle the Participant or a Participant’s
estate, any permitted transferee or beneficiary to any rights of a holder of shares of Class B Common Stock, unless, and only when, the Participant, the Participant’s estate, or the permitted transferee or beneficiary is registered on the books
and records of the Company as a stockholder and shares are delivered to such party upon exercise of the Stock Options. Unless otherwise determined by the Committee or specified herein, no adjustment shall be made for dividends or distributions or
other rights in respect of any shares of Class B Common Stock for which the record date is prior to the date on which the Participant, a Participant’s estate or any permitted transferee or beneficiary shall become the holder of such shares of
Class B Common Stock. 
 Section 4.5        No Restriction on Right of Company
to Effect Corporate Changes. Neither the Plan nor the Certificate shall affect in any way the right or power of the Company or its stockholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes
in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of stock or of options, warrants or rights to purchase stock or of bonds, debentures, preferred or prior preference stocks whose
rights are superior to or affect the Class B Common Stock or the rights thereof or which are convertible into or exchangeable for Class B Common Stock, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of
its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 

Section 4.6        Section 409A. If any provision of the Certificate
contravenes any regulations or Treasury guidance promulgated under Section 409A or could cause the Participant to be required to recognize income for United States. federal income tax purposes with respect to any Stock Options before such Stock
Options are exercised or to 

  
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be subject to any additional tax or interest under Section 409A, such provision of the Certificate may be modified to maintain, to the maximum extent practicable, the original intent of the
applicable provision without the imposition of any additional tax or interest under Section 409A. Moreover, any discretionary authority that the Board or the Committee may have pursuant to the Certificate shall not be applicable to Stock
Options that are subject to Section 409A to the extent such discretionary authority will contravene Section 409A. 

Section 4.7        Amendment. The Committee shall have broad authority to amend
the Certificate without approval of the Participant to the extent necessary or desirable (i) to comply with, or take into account changes in, applicable tax laws, securities laws, accounting rules and other applicable laws, rules and
regulations or (ii) to ensure that the Participant is not required to recognize income for United States federal income tax purposes with respect to any Stock Options before such Stock Options are exercised and is not subject to additional tax
and interest under Section 409A with respect to any Stock Options. 

Section 4.8        Interpretation. In the event of any conflict between the
provisions of the Certificate (including the definitions set forth herein) and those of the Plan, the provisions of the Plan will control. Additionally, in the event of a conflict or ambiguity between the provisions of the Certificate and the
provisions of any employment agreement that is in effect and applicable to the Participant with respect to the Stock Options, the provisions of such employment agreement shall be deemed controlling to the extent such provisions are consistent with
the provisions of the Plan and are more favorable to the Participant than the provisions of the Certificate. 

Section 4.9        Breach of Covenants. In the event that the Committee makes a
good faith determination that the Participant committed a material breach of the restrictive covenants relating to non-competition, non-solicitation, confidential information or proprietary property in any employment or other agreement applicable to
the Participant during the Participant’s employment or the one year period after termination of the Participant’s employment with the Company or a Subsidiary for any reason, the Participant shall be required to return any “gain”
(as defined below) realized on the Stock Options during the one year period prior to such breach or at any time after such breach occurs. In addition, if the Committee makes such determination, the Participant’s Outstanding Stock Options,
whether or not vested, will be forfeited. The “gain” on the Stock Options shall mean the difference between the Fair Market Value on the date of exercise and the Exercise Price. 

Section 4.10        Limited Purpose Accounts. If the Participant is a Plan
participant in the United States, the Company shall be entitled to access the information contained in the Participant’s individual limited purpose account maintained by the applicable plan administrator; provided, however, that
the Company may not disclose individual account information to third parties (other than the plan administrator). 

Section 4.11        Notice. The Certificate and the Plan contain information
regarding 

  
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the latest date by which the Stock Options may be exercised, and the Company shall have no obligation to provide any additional information or notice to any holder of Stock
Options in advance of the Expiration Date or any earlier expiration date.

Section 4.12        Governmental Regulations. The Stock Options shall be subject
to all applicable rules and regulations of governmental or other authorities. 

Section 4.13        Headings. The headings of articles and sections herein are
included solely for convenience of reference and shall not affect the meaning of any of the provisions of the Certificate. 

Section 4.14        Governing Law. The Certificate and all rights hereunder
shall be construed in accordance with and governed by the laws of the State of Delaware. 

  
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