Form of Option Grant Agmt(Initial Grant)



Exhibit 10.61 
[Grant Agreement under 1996 Plan for Outside Director Option: 
initial grant upon
joining the Board] 
 
Grant Agreement for a

Non-Qualified Stock Option 
under the Amended and Restated 
Mattel 1996 Stock Option Plan 
 
This is a Grant Agreement between Mattel, Inc. (the “Company”)
and the individual (the “Option Holder”) named in the Notice of Grant of Stock Option (the “Notice”) attached hereto as the cover page of this agreement. 
 
Recitals 
 
The Company has adopted the Amended and Restated Mattel 1996 Stock Option Plan (the “Plan”) for the purpose of, among other things,
granting to Outside Directors options to purchase shares of Common Stock of the Company. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Plan. 
 
Option 
 
1.    Terms.    The Company grants to the Option Holder the right
and option (this “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of the aggregate number of shares of Common Stock set forth in the Notice, exercisable in accordance with the provisions of this
Option during a period expiring on the date (the “Expiration Date”) that is ten years after the effective date of the grant (the “Grant Date”), as specified in the Notice, unless terminated prior to the Expiration Date pursuant
to Section 5 or 6 below. This Option is a Non-Qualified Stock Option. 
 
2.    Exercisability.    This Option is immediately exercisable in full. 
 
3.    Method of Exercising.    Each exercise of this Option shall be by means of a written
notice of exercise delivered to the office of the Secretary of the Company, specifying the number of whole shares to be purchased, accompanied by payment of the full purchase price of the shares to be purchased. The payment shall be in the form of
cash or such other forms of consideration as the Committee shall deem acceptable, such as the surrender of outstanding shares of Common Stock owned by the Option Holder or by withholding shares that would otherwise be issued upon the exercise of the
Option. The Option Holder may exercise this Option by the delivery to the Company or its designated agent of an irrevocable written notice of exercise form together with irrevocable instructions to a broker-dealer to sell or margin a sufficient
portion of the shares of Common Stock and to deliver the sale or margin loan proceeds directly to the Company to pay the exercise price of this Option. Furthermore, in the event that the Company establishes, for itself or using the services of a
third party, an automated system for the exercise of stock 
 

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options, such as a system using an
internet website or interactive voice response, then the paperless exercise of this Option may be permitted through the use of such an automated system, subject to appropriate limitations on exercises by Insiders. 
 
4.    Withholding.    Upon exercise, the Option Holder shall pay, or make provisions satisfactory to the Company for payment of any federal, state and local taxes required to be
withheld. 
 
5.    Cancellation of
Grants.    The Option Holder specifically acknowledges that this Option is subject to the provisions of Section 20 of the Plan, entitled “Cancellation of Grants,” which can cause the forfeiture of this Option,
or the rescission of Common Stock acquired upon the exercise of this Option. As a condition of the exercise of this Option, the Option Holder shall certify on a form acceptable to the Committee that he or she is in compliance with the terms and
conditions of the Plan, including Section 20 thereof, entitled “Cancellation of Grants.” 
 
6.    Term.    This Option shall terminate on the earlier of (i) the Expiration Date; or (ii)
ninety (90) days after the Option Holder ceases to be a member of the Board, provided, however, that if the Option Holder ceases to be a member of the Board by reason of his or her death or becoming Disabled, the aforementioned ninety (90) day
period shall be extended to one (1) year from the date the Option Holder ceased to be a member of the Board. In no event may the Option or any portion of the Option be exercised after the Expiration Date. If the Option Holder ceases to be a member
of the Board by reason of his or her death, then the Option Holder’s beneficiary or beneficiaries (as designated in the manner determined by the Committee), or if no beneficiary is so designated or if no beneficiary survives the Option Holder,
then the Option Holder’s administrator, executor, personal representative, or trustee of a trust holding the Option, or other person to whom the Option has been transferred by means of the Option Holder’s will or the laws of descent and
distribution, shall be able to exercise the Option within the time periods specified herein. 
 
7.    Compliance with Law.    No shares issuable upon the exercise of this Option shall be issued and delivered unless and until all applicable registration
requirements of the Securities Act of 1933, as amended, all applicable listing requirements of any national securities exchange on which the Common Stock is then listed, and all other requirements of law or of any regulatory bodies having
jurisdiction over such issuance and delivery, shall have been complied with. In particular, the Committee may require certain investment (or other) representations and undertakings in connection with the issuance of securities in connection with the
Plan in order to comply with applicable law. 
 
8.    Assignability.    Except as may be effected by designation of a beneficiary or beneficiaries in such manner as may be determined by the 
 

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Committee, or as may be effected by will
or by the laws of descent and distribution, any attempt to assign this Option shall be of no effect. 
 
9.    Certain Corporate Transactions.    In the event of certain corporate transactions, this
Option shall be subject to adjustment as provided in Section 18 of the Plan. In the event of a Change in Control, this Option shall be subject to the provisions of Section 19 of the Plan. 
 
10.    Rights as a Stockholder.    Neither the Option Holder nor
any other person legally entitled to exercise this Option shall be entitled to any of the rights or privileges of a stockholder of the Company in respect of any shares issuable upon any exercise of this Option unless and until a certificate or
certificates representing such shares shall have been actually issued and delivered to the Option Holder. 
 
11.    Compliance with Plan.    This Option is subject to, and the Company and Option Holder
agree to be bound by, all of the terms and conditions of the Plan, as it shall be amended from time to time. No amendment to the Plan shall adversely affect this Option without the consent of the Option Holder. In the case of a conflict between the
terms of the Plan and this Option, the terms of the Plan shall govern. 
 
12.    Governing Law.    This Option has been granted, executed and delivered with effect from the Grant Date, at El Segundo, California, and interpretation, performance and
enforcement of this Option shall be governed by the laws of the State of Delaware. 
 

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