Document:

Mellon Financial Corporation Long-Term Incentive Plan (2004)

 Exhibit 10.98 
 MELLON FINANCIAL CORPORATION 
 LONG-TERM PROFIT INCENTIVE PLAN (2004) 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 THIS AGREEMENT, made this 20th day of February, 2007, by and between Mellon Financial Corporation (the “Corporation”), having its principal place of business in the Commonwealth of Pennsylvania, 
 and 
 «Name», a key employee (the
“Optionee”) of the Corporation 
 WITNESSETH THAT: 
 WHEREAS, the Optionee is now employed by the Corporation (“Corporation,” when used herein with reference to employment of the Optionee, shall include any Affiliate of the Corporation as defined in the Plan)
as a key employee; and 
 WHEREAS, the Corporation has adopted the Long-Term Profit Incentive Plan (2004) (the “Plan”) under
which the Corporation may grant to key employees of the Corporation options to purchase common stock of Mellon Financial Corporation (hereinafter “Common Stock”); and 
 WHEREAS, the Corporation desires to grant a stock option for «Options» shares of Common Stock to the Optionee. 
 NOW THEREFORE, in consideration of the covenants and agreements herein contained and intending to be legally bound, the parties hereto hereby agree with
each other as follows: 
 SECTION 1: Employment 
 1.1 Neither the grant of the Option nor anything else contained in this Agreement shall be deemed to limit or restrict the right of the Corporation to terminate the Optionee’s employment at any time, for any
reason, with or without Cause. 
 SECTION 2: Stock Option 
 2.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, the Corporation hereby grants to the Optionee the right and option
to purchase at any time and from time to time from the Corporation at a price of $                    per share (the “Option
Price”), which is the Fair Market Value of the shares of Common Stock covered by the Option on the date of grant, up to, but not exceeding in the aggregate, the number of shares of Common Stock stated above (the “Option”). 

 

 SECTION 3: Exercise and Withholding 
 3.1 This Option may not be exercised prior to February 20, 2008. Subject to Section 4 of this Agreement: (1) This Option may be exercised
between February 20, 2008 and February 19, 2009, inclusive, for a number of shares of Common Stock equal to one-fifth of the number of shares covered by this Option (rounded upward to the nearest whole share) minus the aggregate number of
shares purchased hereunder prior to the date of exercise; (2) This Option may be exercised between February 20, 2009 and February 19, 2010, inclusive, for a number of shares of Common Stock equal to two-fifths of the number of shares
covered by this Option (rounded upward to the nearest whole share) minus the aggregate number of shares purchased hereunder prior to the date of exercise; (3) This Option may be exercised between February 20, 2010 and February 19,
2011, inclusive, for a number of shares of Common Stock equal to three-fifths of the number of shares covered by this Option (rounded upward to the nearest whole share) minus the aggregate number of shares purchased hereunder prior to the date of
exercise; (4) This Option may be exercised between February 20, 2011 and February 19, 2012, inclusive, for a number of shares of Common Stock equal to four-fifths of the number of shares covered by this Option (rounded upward to the
nearest whole share) minus the aggregate number of shares purchased hereunder prior to the date of exercise; and (5) This Option may be exercised between February 20, 2012 and February 19, 2017, inclusive, for a number of shares of
Common Stock equal to the full number of shares covered by this Option minus the aggregate number of shares purchased hereunder prior to the date of exercise. This Option may not be exercised after February 19, 2017. 
 3.2 This Option shall be exercised by the Optionee by delivering to the Corporation’s Executive Compensation area (AIM No. 151-0722)
(i) this Agreement signed by the Optionee, (ii) a written notification specifying the number of shares which the Optionee then desires to purchase and the address to which share certificates should be delivered, (iii) a check payable
to the order of the Corporation and/or shares, or certification of ownership for shares, of Common Stock equal in value to the aggregate Option Price of such shares and/or an instruction from the Optionee directing the Corporation to withhold shares
of Common Stock otherwise receivable upon exercise of this Option (subject to any restrictions regarding prior ownership of such shares or an equivalent number of shares imposed by the Corporation), and (iv) a stock power executed in blank for
any shares of Common Stock delivered pursuant to clause (iii) hereof. Shares of Common Stock surrendered or certified in exercise of this Option shall have been held by the Optionee for at least six months prior to such delivery and shall be
valued as of the date, and by the means, prescribed by the Corporation’s procedures in effect at the time of such exercise and in accordance with the terms of the Plan. 
 3.3 In each case where the Optionee exercises this Option in whole or in part the Corporation will notify the Optionee of the amount of withholding tax,
if any, required under federal and, where applicable, state and local law, and the Optionee shall, forthwith upon the receipt of such notice, remit the required amount to the Corporation or, in accordance with such regulations as the Committee, as
hereinafter defined, may prescribe, elect to have the withholding obligation satisfied in whole or in part by the Corporation withholding full shares of Common Stock and crediting them against the withholding obligation. 
  

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 3.4 As soon as practicable after each exercise of this Option and compliance by the Optionee with all
applicable conditions, the Corporation will mail or cause to be mailed to the Optionee at the address specified in the written notification delivered pursuant to Paragraph 3.2 hereof certificates registered in the name of the Optionee, or such name
as directed by the Optionee, for the number of shares of Common Stock, if any, which the Optionee is entitled to receive upon such exercise under the provisions of this Agreement. Alternatively, the Corporation may credit such shares to a book-entry
account in Optionee’s name. 
 3.5 From time to time and for any reason it deems appropriate, the Corporation may amend its procedures
for the exercise of stock options, and if such procedures are so amended, the provisions of Sections 3.2, 3.3 and 3.4 hereof shall be amended immediately and automatically to incorporate such amendment; provided, however, that no such
amendment shall be incorporated without the Optionee’s written consent if it would adversely affect the Optionee’s rights under Section 2.1, 3.1, 4.1, 4.2, 4.3, 4.4, 4.5 or 4.6 hereof. 
 SECTION 4: Termination of Employment 
 4.1 Except as provided in Section 4.3 hereof with respect to vesting (but not with respect to the post-termination exercise period), if the Optionee’s termination of employment is on or after age 55 and Optionee is credited with
five years of employment with the Corporation, the Optionee shall have the right to exercise this Option within two years after such termination date, to the extent this Option was exercisable at the time of such termination; provided that, if such
Optionee’s employment is terminated in accordance with the Corporation’s Employee Displacement Program or other termination providing separation/transition pay, the termination date for purposes of the foregoing vesting and
post-termination exercise period shall be the last day for which Optionee receives salary continuance or separation/transition pay from the Corporation. 
 4.2 If the Optionee’s termination of employment is by reason of his or her total disability covered by a long-term disability plan of the Corporation then in effect, the Optionee shall have the right to exercise
this Option within two years after such date of termination of employment, measured from the last day for which Optionee receives short-term disability benefits, to the extent this Option was exercisable at the time of such termination of
employment. 
 4.3 Notwithstanding Section 4.5 of the Plan, this Option shall not become fully exercisable immediately and automatically
upon the occurrence of a Change in Control Event, as defined in Section 2.4 of the Plan. However, if the Optionee’s employment is terminated by the Corporation without “Cause,” as defined in Section 4.6(d) of the Plan,
within three years after the occurrence of a Change in Control Event, this Option shall automatically become fully exercisable and the Optionee shall have the right to exercise this Option within one year after such date of termination of
employment; provided that, if the Optionee’s employment is terminated in accordance with the Corporation’s Employee Displacement Program or other termination providing separation/transition pay, the termination date for purposes of
measuring the Optionee’s post-termination exercise period shall be the last day for which Optionee receives salary continuance or separation/transition pay from the Corporation, but excluding any period 
  

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 during which receipt of payments may be delayed to avoid imposition of additional taxes under Section 409A of the
Internal Revenue Code of 1986, as amended. 
 4.4 If the Optionee shall die while employed by the Corporation, or within a period following
termination of employment during which this Option remains exercisable under Sections 4.1, 4.2, 4.3, 4.5 or 4.6 hereof, this Option may be exercised within two years from the date of the Optionee’s death by the executor or administrator of the
Optionee’s estate or by the person or persons to whom the Optionee shall have transferred such right by Will or by the laws of descent and distribution, to the extent this Option was exercisable by the Optionee at the time of his or her death.

 4.5 Except as provided in Section 4.3 hereof with respect to vesting (but not with respect to the post-termination exercise period),
in the event all employment of the Optionee with the Corporation is terminated due to the sale of a business unit or subsidiary of the Corporation by which the Optionee is employed, and the Optionee is not displaced pursuant to the
Corporation’s Employee Displacement Program or other termination providing transition/separation pay, the Optionee shall have the right to exercise this Option within one year from the date of his or her termination of employment to the extent
this Option was exercisable at the time of termination of employment. 
 4.6 Except as provided in Section 4.3 (but using the end of the
Optionee’s salary continuance period as the date of termination of employment for purposes of vesting if more favorable to the Optionee) or Section 4.1 hereof, in the event the Optionee’s employment is terminated in accordance with
the Corporation’s Employee Displacement Program or other termination providing separation/transition pay, this Option shall continue to become exercisable in accordance with Section 3.1 through the end of the Optionee’s salary
continuance period (including any period during which receipt of benefits may be delayed) and to that extent shall remain exercisable through such period. 
 4.7 In the event all employment of the Optionee with the Corporation is terminated for any reason other than stated above, this Option shall terminate upon such termination of employment. Except as otherwise
specifically provided herein, the effective date of Optionee’s termination shall be the date upon which Optionee ceases to perform services as an employee of the Corporation, without regard to accrued vacation, severance or other benefits or
the characterization thereof on the payroll records of the Corporation. 
 4.8 Notwithstanding the foregoing, in no event shall this Option
be exercisable after February 19, 2017. 
 SECTION 5: Miscellaneous 
 5.1 Whenever the word “Optionee” is used in any provision of this Option under circumstances where the provision should logically be construed
to apply to the executors, the administrators or the person or persons to whom this Option may be transferred as permitted herein, the word “Optionee” shall be deemed to include such person or persons. 
  

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 5.2 This Option may be transferred (i) by the Optionee upon his or her death or (ii) as
directed by the Optionee named on the first page of this Agreement during his or her lifetime by gift to members of his or her immediate family or to an entity for the benefit of the Optionee and/or members of his or her immediate family. For
purposes of the preceding sentence, members of the Optionee’s immediate family and entities for the benefit of the Optionee and/or members of his or her immediate family shall mean any child, stepchild, grandchild, parent, stepparent,
grandparent, spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive relationships, a trust in which these persons have the exclusive beneficial interest and any
other entity in which these persons own and retain 100% of the beneficial interest. All transfers shall be made in accordance with procedures adopted by the Corporation, which may be amended by the Corporation from time to time. No other assignment
or transfer of this Option, or of the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise shall be permitted, but immediately upon any such assignment or transfer this Option shall terminate and become of
no further effect. This Option shall be exercisable only by the Optionee or by an immediate family member or entity or other person to which this section permits transfer and shall remain subject to any restrictions on exercise and otherwise as if
held by the Optionee. The Corporation shall have received an amount sufficient to satisfy any federal, state, local or other withholding tax requirements prior to the delivery of any certificate for the shares issuable upon exercise of this Option.

 5.3 If there is any change in the Common Stock by reason of any stock split, stock dividend, spin-off, split-up, spin-out,
recapitalization, merger, consolidation, reorganization, combination or exchange of shares, or any other similar transaction, the number and kind of shares subject to this Option and the Option Price, as applicable, shall be appropriately adjusted
by the Compensation and Management Succession Committee of the Board of Directors of the Corporation (the “Committee”). 
 5.4
Notwithstanding any other provision hereof, the Optionee hereby agrees that he or she will not exercise the Option granted hereby, and that the Corporation will not be obligated to issue any shares to the Optionee hereunder, if the exercise thereof
or the issuance of such shares shall constitute a violation by the Optionee or the Corporation of any provision of law or regulation of any governmental authority. Any determination in this connection by the Committee shall be final, binding and
conclusive. The Corporation shall in no event be obliged to register any securities pursuant to the Securities Act of 1933 (as the same shall be in effect from time to time) or to take any other affirmative action in order to cause the exercise of
the Option or the issuance of shares pursuant thereto to comply with any law or regulation of any governmental authority. 
 5.5 No amount of
income received by an Optionee pursuant to this Agreement shall be considered compensation for purposes of any pension or retirement plan, insurance plan or any other employee benefit plan of the Corporation. 
 5.6 The parties hereto agree that the Option granted hereby is not, and should not be construed to be, an incentive stock option under
Section 422 of the Internal Revenue Code, as amended. 
  

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 5.7 The Optionee accepts the grant of the Option confirmed hereby, and agrees to be bound by the terms
and provisions of the Plan, as the Plan may be amended from time to time; provided, however, that no alteration, amendment, revocation or termination of the Plan shall, without the written consent of the Optionee, adversely affect the rights of the
Optionee with respect to the Option. Except as otherwise specifically provided in Section 4.3 hereof, should there be any inconsistency between the provisions of this Option and the terms and conditions of the Plan, the provisions in the Plan
shall govern and prevail. A copy of the Plan may be obtained by writing or calling the Executive Compensation Division of the Human Resources Department of the Corporation at the Corporation’s principal office in Pittsburgh, Pennsylvania.

 5.8 This Agreement shall be construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania, other than any choice
of law rules calling for the application of laws of another jurisdiction. 
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written. 
  

			
	MELLON FINANCIAL CORPORATION
		
	By:	 	  

		 	Chairman, President & Chief Executive Officer
	
	OPTIONEE
	
	  

                     , 2007 
  

 -6-Mellon Financial Corporation Long-Term Profit Incentive Plan (2004)

 Exhibit 10.99 
 MELLON FINANCIAL CORPORATION 
 LONG TERM PROFIT INCENTIVE PLAN (2004) 
 RESTRICTED STOCK AGREEMENT 
 THIS AGREEMENT, made this 20th day of February, 2007, by and between Mellon Financial Corporation (the “Corporation”), having its principal place of business in the Commonwealth of Pennsylvania, 
 and 
 «Name», a key employee
(“Grantee”) of the Corporation 
 WITNESSETH THAT: 
 WHEREAS, Grantee is now employed by the Corporation (“Corporation”, when used herein with reference to employment of Grantee, shall include any Affiliate of the Corporation as defined in the Plan) as a key
employee; and 
 WHEREAS, the Corporation has adopted the Long Term Profit Incentive Plan (2004) (the “Plan”) under which the
Corporation may grant to key employees of the Corporation shares of common stock, par value $.50 per share, of the Corporation (the “Stock”) subject to restrictions set forth in the Plan and in this Agreement; and 
 WHEREAS, the Corporation desires to grant «ShareAmt» shares of Stock to Grantee. 
 NOW THEREFORE, in consideration of the covenants and agreements herein contained and intending to be legally bound, the parties hereto hereby agree with
each other as follows: 
 SECTION 1: Stock Award 
 1.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a key employee, to work for the long-range success of the
Corporation, the Corporation hereby awards to Grantee the number of shares of Stock stated above, subject to adjustment as provided in Section 10.7 of the Plan. 
 SECTION 2: Restrictions on Transfer 
 2.1 No shares of Stock awarded hereunder or any interest
therein may be sold, transferred, assigned, pledged or otherwise disposed of (any such action being hereinafter referred to as a “Disposition” of shares) by Grantee until such time as this restriction lapses with respect to such shares
pursuant to Sections 3.1, 3.2 or 3.3 hereof, and any attempt to make such a Disposition shall be null and void and result in the immediate forfeiture and return to the Corporation without consideration of any shares of Stock as to which restrictions
on Disposition shall at such time be in effect. 
  

 2.2 Grantee agrees that a restrictive legend in substantially the following form may be placed on the
certificate representing the shares of Stock awarded hereunder: 
 “The sale, transfer, assignment, pledge or other disposition of the
shares represented by this certificate is subject to the restrictions set forth in the Mellon Financial Corporation Long-Term Profit Incentive Plan (2004) and in the Restricted Stock Agreement executed thereunder dated as of February 20,
2007, copies of each of which are available for inspection at the principal office of Mellon Financial Corporation. No such transaction shall be recognized as valid or effective unless there shall have been compliance with the terms and conditions
of such Agreement.” 
 2.3 Grantee hereby authorizes the Corporation or its agents to retain custody of the certificates representing
the Stock awarded hereunder until such time as the restrictions on Disposition lapse. As soon as practicable after the date on which restrictions on Disposition of any shares lapse, the Corporation will cause to be delivered to Grantee (which
delivery may be by the Corporation’s interoffice mail or by the U.S. mail at the last address for Grantee then indicated in the Corporation’s records) certificates for such shares registered in the name of Grantee with the restrictive
legend described in Section 2.2 hereof removed, or credit such shares to a book-entry account in Grantee’s name. As soon as practicable after the signing of this Agreement, Grantee shall deliver to the Corporation’s Executive
Compensation area (AIM No. 151-0722), a signed copy of this Agreement. 
 2.4 Grantee understands that the transfer agent for the Stock
will be instructed to effect transfers of the shares of Stock awarded hereunder only upon satisfaction of the conditions set forth herein and in the Plan. 
 SECTION 3: Lapse of Restrictions and Forfeiture of Shares 
 3.1 If Grantee remains continuously
employed by the Corporation through the close of business on February 20, 2010, the restrictions on Disposition of the Stock set forth in Section 2.1 hereof shall lapse in full on such date and Grantee shall receive the shares of Stock
free of such restrictions on Disposition. 
 3.2 Notwithstanding Section 3.1 hereof, the restrictions on Disposition of the Stock set
forth in Section 2.1 hereof shall lapse immediately upon termination of Grantee’s active employment with the Corporation prior to the close of business on February 20, 2010, if such termination is by reason of (i) Grantee’s
death, (ii) Grantee’s disability (covered by a long-term disability plan of the Corporation or an Affiliate then in effect), (iii) Grantee’s termination on or after age 55 with five years of credited employment with the
Corporation, (iv) a displacement, as determined in accordance with the Corporation’s Employee Displacement Program, or a termination providing transition/separation pay, or (v) sale of a business unit or subsidiary of the Corporation
by which Grantee is employed. 
 3.3 Notwithstanding Section 8.5 of the Plan, all restrictions on Disposition of the Stock shall not
lapse immediately upon the occurrence of a Change in Control Event, as defined in Section 2.4 of the Plan; provided, however, and notwithstanding Section 3.1 hereof, the restrictions on Disposition of the Stock set forth in
Section 2.1 hereof shall lapse immediately if Grantee’s employment is terminated by the Corporation without “Cause,” as defined in Section 
  

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4.6(d) of the Plan, within three years after the occurrence of a “Change in Control Event”, as defined in Section 2.4 of the Plan. 

3.4 Upon the effective date of a termination of Grantee’s employment with the Corporation for any reason not specified in Section 3.2 or
Section 3.3 hereof, all shares of Stock then subject to restrictions on Disposition shall immediately be forfeited and returned to the Corporation without consideration or further action being required of the Corporation. For purposes of the
immediately preceding sentence, the effective date of Grantee’s termination shall be the date upon which Grantee ceases to perform services as an employee of the Corporation, without regard to accrued vacation, severance or other benefits or
the characterization thereof on the payroll records of the Corporation. 
 SECTION 4: Miscellaneous 
 4.1 Notwithstanding any other provision of this Agreement, Grantee hereby agrees to take any action, and consents to the taking of any action by the
Corporation, with respect to the Stock awarded hereunder necessary to achieve compliance with applicable laws or regulations in effect from time to time. Any determination by the Compensation and Management Succession Committee of the Board of
Directors of the Corporation (the “Committee”) with respect to the need for any action in order to achieve such compliance with laws or regulations shall be final, binding and conclusive. The Corporation shall in no event be obligated to
register any securities pursuant to the Securities Act of 1933 (as the same shall be in effect from time to time) or to take any other affirmative action in order to cause the award of Stock under the Plan, the lapsing of restrictions thereon or the
delivery of certificates therefore to comply with any law or regulation in effect from time to time. 
 4.2 Grantee shall be advised by the
Corporation or an Affiliate as to the amount of any federal, state, local or foreign income or employment taxes required to be withheld by the Corporation or such Affiliate on the compensation income resulting from the award of, or lapse of
restrictions on, the Stock. Grantee shall pay any taxes required to be withheld directly to the Corporation or any Affiliate in cash upon request; provided, however, that where the restrictions on Disposition set forth in Section 2.1 hereof
have lapsed Grantee may satisfy such obligation in whole or in part by requesting the Corporation in writing to withhold from the Stock otherwise deliverable to Grantee or by delivering to the Corporation shares of its Stock having a Fair Market
Value, as defined in Section 2.11 of the Plan, on the date the restrictions lapse equal to the amount of the aggregate minimum statutory withholding tax obligation to be so satisfied and, further provided, that except as otherwise permitted by
the Corporation’s Human Resources Department no shares may be delivered in payment of such withholding taxes unless such shares, or an equivalent number of shares of Stock, shall have been held by Grantee for at least six months prior to such
delivery. Grantee understands that no shares of Stock shall be delivered to Grantee, notwithstanding the lapse of the restrictions thereon, unless and until Grantee shall have satisfied any obligation for withholding taxes with respect thereto as
provided herein. 
 4.3 Grantee hereby indemnifies the Corporation and holds it harmless from and against any and all damages or liabilities
incurred by the Corporation (including liabilities for attorneys’ fees and disbursements) arising out of any breach by Grantee of this Agreement, including, without limitation, any attempted Disposition in violation of Section 2.1 hereof.

  

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 4.4 Nothing herein shall be construed as giving Grantee any right to be retained in the employ of the
Corporation or affect any right which the Corporation may have to terminate the employment of such Grantee. 
 4.5 Except as otherwise
specifically provided in Section 3.3 hereof, this Agreement is subject in all respects to the terms of the Plan, as amended and interpreted from time to time by the Committee; provided, however, that no alteration, amendment, revocation or
termination of the Plan shall, without the written consent of Grantee, adversely affect the rights of Grantee with respect to the Stock. Except as otherwise specifically provided in Section 3.3 hereof, should there be any inconsistency between
the provisions of this Agreement and the terms and conditions of the Plan, the provisions in the Plan shall govern. Grantee may obtain a copy of the Plan by writing or calling the Executive Compensation Division of the Corporation’s Human
Resources Department in Pittsburgh, Pennsylvania. 
 4.6 This Agreement shall be construed and enforced in accordance with the laws of the
Commonwealth of Pennsylvania, other than any choice of law provisions calling for the application of laws of another jurisdiction. 
 IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 
  

			
	MELLON FINANCIAL CORPORATION
		
	By:	 	  

		 	Chairman, President & Chief Executive Officer
	
	GRANTEE
	
	  

                     , 2007 
  

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