Document:

Form of Restricted Stock Unit Agreement for Stock-Settled Restricted Stock Units

 Exhibit 10.3 
  
 (Stock settlement) 
  
 NEWS CORPORATION 
 2005 LONG-TERM
INCENTIVE PLAN 
  
 RESTRICTED SHARE UNIT AGREEMENT

  
 News Corporation, a Delaware corporation (the
“Company”), hereby grants Restricted Share Units relating to shares of its Class A Common Stock, par value $0.01 per share (the “Common Stock”), to the individual named below as the Participant. The terms and conditions of this
grant of Restricted Share Units (the “Award”) are set forth in this Restricted Share Unit Agreement (the “Agreement”) and in the News Corporation 2005 Long-Term Incentive Plan (the “Plan”) and are herein incorporated by
reference. Capitalized terms used in this Agreement and not otherwise herein defined have the meanings assigned to them in the Plan. 
  
 Date of Grant:             , 20     
  
 Name of Participant: ______________________________ 
  
 Participant’s Employee Identification Number: ___________________ 
  
 Number of Restricted Share Units Covered by Award: _________________________ 
  

	Vesting	Schedule: 

  

			
	 Vesting Date

	 	 Number of Restricted Share Units

  

					
	 Company:
	 	  

	 	 	(Signature)
	 	 	 Title:
	 	  

  
 By accepting
this Award, you agree to all of the terms and conditions described in this Agreement and in the Plan, a copy of which is attached to this Agreement. You acknowledge that you have carefully reviewed the Plan and agree that the Plan will control in
the event any provision of this Agreement should appear to be inconsistent with the terms of the Plan. 
  
 Attachment 
  
 This is not a stock certificate or a negotiable instrument. 

 NEWS CORPORATION 
 2005 LONG-TERM INCENTIVE PLAN 
  
 RESTRICTED SHARE UNIT AGREEMENT 
  

			
	Restricted Share Unit Transferability	  	This Award is a grant of Restricted Share Units in the number of units set forth on the attached cover sheet, subject to the vesting conditions described below. Your Restricted Share Units
may not be transferred, assigned, pledged or hypothecated, whether by operation of law or otherwise, nor may the Restricted Share Units be made subject to execution, attachment or similar process.
		
	Vesting	  	 Your Restricted Share Units shall vest according to the schedule set forth on the cover sheet; provided that you continue to be a Service Provider
on the relevant vesting dates, as set forth on the attached cover sheet.
  
 If
you cease to be a Service Provider for any reason other than your Retirement, you will forfeit any of your Restricted Share Units which have not yet vested (except to the extent an applicable employment agreement between you and the Company or any
Affiliate specifically provides that some or all of your unvested Restricted Share Units shall become vested upon your termination of Service).
  
 If your Service terminates by reason of your Retirement prior to the date or dates on which your Restricted Share Units vest, your unvested Restricted Share Units shall
continue to vest, to the extent not already vested, for a period of three years following your Retirement. At the end of the three year period, any remaining unvested Restricted Share Units shall be forfeited.

		
	Leaves of Absence	  	 For purposes of this Agreement, your Service does not terminate when you go on a bona fide employee leave of absence that was approved by
the Company or Affiliate in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, your Service will be treated as terminating three months after you
went on employee leave, unless your right to return to active work is guaranteed by law or by a contract. Your Service terminates in any event when the approved leave ends unless you immediately return to active employee work.
  
 The Company shall determine, in its sole discretion, which leaves shall count for this
purpose, and when your Service terminates for all purposes under the Plan.

  

 2 

			
	 Delivery of Stock Pursuant
 to
Units
	  	You agree that settlement for any vested Restricted Share Units shall be in shares of Common Stock. As soon as is reasonably practicable following each of the vesting dates set forth on the
attached cover sheet, the shares of Common Stock payable with respect to the vested Restricted Share Units will be evidenced in such manner as the Committee in its discretion shall deem appropriate, including, without limitation, book-entry,
registration or issuance of one or more stock certificates. Upon settlement, a number of Restricted Share Units equal to the number of shares of Common Stock credited to you shall be extinguished and such number of Restricted Share Units will no
longer be considered to be held by you for any purpose.
		
	Withholding Taxes	  	You agree, as a condition of this Award, that you will make acceptable arrangements to pay any withholding or other taxes that may be due as a result of vesting of your Restricted Share Units
or your acquisition of shares of Common Stock relating to this Award. In the event that the Company determines that any applicable Federal, state, local or foreign tax or withholding payment is required relating to this Award, the Company will have
the right to: (i) require that you arrange to make such payments to the Company; (ii) withhold such amounts from other payments due to you from the Company or any Affiliate; or (iii) allow for the surrender of the number shares of Common Stock
relating to the Restricted Share Units granted pursuant to this Agreement in an amount equal to the withholding or other taxes due (for this purpose, surrendered shares of Common Stock will be valued using the closing price of the Common Stock on
the New York Stock Exchange on the trading date immediately prior to the vesting date).
		
	Retention and Other Rights	  	This Agreement does not give you the right to be retained or employed by the Company or any Affiliate in any capacity.
		
	 	  	You waive all and any rights to any compensation or damages for the termination of your office or employment with the Company or an Affiliate for any reason (including unlawful termination of
employment) insofar as those rights arise from you ceasing to have rights in relation to this Award as a result of that termination or from the loss or diminution in value of such rights. The grant of this Award does not give you any right to
participate in any future grants of share incentive awards in the future.

  

 3 

			
	Stockholder Rights	  	You do not have any of the rights of a stockholder with respect to the Restricted Share Units granted to you pursuant to this Agreement, unless and until shares of Common Stock relating to
your Restricted Share Units have been delivered to you. Further, you do not have the right to vote or to receive any dividends declared or paid on the Common Stock (unless an applicable employment agreement or other written agreement between you and
the Company or an Affiliate specifically provides that you have the right to receive dividend equivalents, in which case your entitlement to dividend equivalents shall be governed by the employment agreement or other written
agreement).
		
	Adjustments	  	In the event of a stock split or a similar change in the Company stock, the number of Restricted Share Units covered by this Award shall be adjusted (and rounded down to the nearest whole
number) in accordance with the terms of the Plan (and subject to the terms of the ASX Listing Rules if applicable).
		
	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of New York, other than any conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of this Agreement to the substantive law of another jurisdiction.
		
	Data Privacy	  	 In order to administer the Plan, the Company may process personal data about you. Such data includes, but is not limited to, the information
provided in this Agreement and any changes thereto, other appropriate personal and financial data about you, such as home address, business addresses and other contact information, payroll information and any other information that might be deemed
appropriate by the Company to facilitate the administration of the Plan.
  
 By
accepting this Award of Restricted Share Units, you give explicit consent to the Company to process any such personal data. You also give explicit consent to the Company to transfer any such personal data outside the country in which you work or are
employed, including, with respect to non-U.S. resident Participants, to the United States, to transferees who shall include the Company and other persons who are designated by the Company to administer the Plan.

  

 4 

			
	 Consent to Electronic
 Delivery
	  	The Company may choose to deliver certain statutory materials relating to the Plan in electronic form. By accepting this Award you agree that the Company may deliver the Plan prospectus and
the Company’s annual report to you in an electronic format. If at any time you would prefer to receive paper copies of these documents, as you are entitled to receive, the Company would be pleased to provide paper copies. Please contact News
Corporation Stock Plan Administration, 1211 Avenue of the Americas, New York, NY 10036 Attn: Stock Plan Administration or send an email to stockplanadministration@newscorp.com to request paper copies of these documents.
		
	The Plan	  	The text of the Plan is incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding between you and the Company regarding this Award of
Restricted Share Units. Except as expressly provided in this Agreement, any prior agreements, commitments or negotiations concerning this Award are superseded. The Plan will control in the event any provision of this Agreement should appear to be
inconsistent with the terms of the Plan.

  

 5Exhibit 4.1

 Exhibit 4.1 
  
 CHASE ISSUANCE TRUST 
 as Issuer 
  
 CLASS
A(2005-7) TERMS DOCUMENT 
 dated as of August 10, 2005 
  
 to 
  
 AMENDED AND RESTATED 
 CHASESERIES
INDENTURE SUPPLEMENT 
 dated as of October 15, 2004 
  
 to 
  
 AMENDED AND RESTATED 
 INDENTURE

  
 dated as of October 15, 2004 
  
 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Indenture Trustee and Collateral Agent 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	PAGE

	ARTICLE I Definitions and Other Provisions of General Application	  	 
			
	Section 1.01	  	Definitions	  	1
	Section 1.02	  	Governing Law	  	3
	Section 1.03	  	Counterparts	  	4
	Section 1.04	  	Ratification of Indenture and Indenture Supplement	  	4
		
	ARTICLE II The Class A(2005-7) Notes	  	 
			
	Section 2.01	  	Creation and Designation	  	5
	Section 2.02	  	Specification of Required Subordinated Amount and Other Terms	  	5
	Section 2.03	  	Interest Payment	  	5
	Section 2.04	  	Payments of Interest and Principal	  	6
	Section 2.05	  	Form of Delivery of Class A(2005-7) Notes; Depository; Denominations	  	6
	Section 2.06	  	Delivery and Payment for the Class A(2005-7) Notes	  	7
	Section 2.07	  	Supplemental Indenture	  	7
	Section 2.08	  	Appointment of co-Paying Agent and co-Transfer Agent	  	7

 THIS CLASS A(2005-7) TERMS DOCUMENT (this “Terms Document”), by and between the CHASE ISSUANCE
TRUST, a statutory trust created under the laws of the State of Delaware (the “Issuer”), having its principal office at c/o Wilmington Trust Company, 1100 North Market Street, Wilmington, Delaware 19890-1600, and WELLS FARGO BANK, NATIONAL
ASSOCIATION, a national banking association, as indenture trustee (the “Indenture Trustee”) and collateral agent (the “Collateral Agent”), is made and entered into as of August 10, 2005. 
  
 Pursuant to this Terms Document, the Issuer and the Indenture Trustee shall
create a new Tranche of CHASEseries Class A Notes and shall specify the principal terms thereof. 
  
 ARTICLE I 
  
 Definitions and Other Provisions of General Application 
  
 Section 1.01 Definitions. For all purposes of this Terms Document, except as otherwise expressly provided or unless the context otherwise requires: 
  
 (1) the terms defined in this Article have the meanings assigned to them in this Article, and include the plural as well as
the singular; 
  
 (2) all other terms used herein which are
defined in the Indenture Supplement, the Indenture or the Asset Pool Supplement, either directly or by reference therein, have the meanings assigned to them therein; 
  
 (3) as used in this Terms Document and in any certificate or other document made or delivered pursuant hereto or thereto,
accounting terms not defined in this Terms Document or in any such certificate or other document, and accounting terms partly defined in this Terms Document or in any such certificate or other document to the extent not defined, shall have the
respective meanings given to them under GAAP. To the extent that the definitions of accounting terms in this Terms Document or in any such certificate or other document are inconsistent with the meanings of such terms under GAAP, the definitions
contained in this Terms Document or in any such certificate or other document shall control; 
  
 (4) the words “hereof,” “herein,” “hereunder” and words of similar import when used in this Terms Document shall refer to this Terms Document as a whole and not to any particular
provision of this Terms Document; references to any subsection, Section, clause, Schedule or Exhibit are references to subsections, Sections, clauses, Schedules and Exhibits in or to this Terms Document unless otherwise specified; the term
“including” means “including without limitation”; references to any law or regulation refer to that law or regulation as amended from time to time and include any successor law or regulation; references to any Person include that
Person’s successors and assigns; and references to any agreement refer to such agreement, as amended, supplemented or otherwise modified from time to time; 

 (5) in the event that any term or provision contained herein shall conflict with or be inconsistent with
any term or provision contained in the Indenture Supplement, the Indenture or the Asset Pool Supplement, the terms and provisions of this Terms Document shall be controlling; and 
  
 (6) each capitalized term defined herein shall relate only to the Class A(2005-7) Notes and no other Tranche of CHASEseries
Notes issued by the Issuer. 
  
 “Asset Pool
Supplement” means the Amended and Restated Asset Pool One Supplement to the Indenture, dated as of October 15, 2004, as amended by the First Amendment thereto, dated as of May 10, 2005, by and among the Issuer, the Indenture Trustee and the
Collateral Agent. 
  
 “BDL” means Banque de
Luxembourg. 
  
 “Beneficiary” means Chase Bank
USA, National Association, in its capacity as beneficial owner of the Issuer. 
  
 “Class A(2005-7) Adverse Event” means the occurrence of any of the following: (a) an Early Amortization Event with respect to the Class A(2005-7) Notes, (b) an Event of Default and acceleration of the
Class A(2005-7) Notes, (c) the Class A Usage of the Class B Required Subordinated Amount for the Class A(2005-7) Notes becomes greater than zero or (d) the Class A Usage of the Class C Required Subordinated Amount for the Class A(2005-7) Notes
becomes greater than zero. 
  
 “Class A(2005-7)
Note” means any Note, substantially in the form set forth in Exhibit A-1 to the Indenture Supplement, designated therein as a Class A(2005-7) Note and duly executed and authenticated in accordance with the Indenture. 
  
 “Class A(2005-7) Noteholder” means a Person in whose name a
Class A(2005-7) Note is registered in the Note Register. 
  
 “Class A(2005-7) Termination Date” means the earliest to occur of (a) the Principal Payment Date on which the Outstanding Dollar Principal Amount of the Class A(2005-7) Notes is paid in full, (b) the Legal Maturity Date and
(c) the date on which the Indenture is discharged and satisfied pursuant to Article V thereof. 
  
 “Class A Required Subordinated Amount of Class B Notes” is defined in Section 2.02(a). 
  
 “Class A Required Subordinated Amount of Class C Notes” is defined in Section 2.02(b). 
  
 “Controlled Accumulation Amount” means $62,500,000;
provided, however, if the Accumulation Period Length is determined to be less than twelve months pursuant to Section 3.12(b)(ii) of the Indenture Supplement, the Controlled Accumulation Amount for any Note Transfer Date with respect to
the Class A(2005-7) Notes will be the amount specified in the definition of “Controlled Accumulation Amount” in the Indenture Supplement. 
  

 2 

 “Indenture” means the Amended and Restated Indenture, dated as of October 15, 2004,
between the Issuer and the Indenture Trustee. 
  
 “Indenture Supplement” means the Amended and Restated CHASEseries Indenture Supplement, dated as of October 15, 2004, among the Issuer, the Indenture Trustee and the Collateral Agent. 
  
 “Initial Dollar Principal Amount” means $750,000,000. 

 
 “Interest Payment Date” means September 15, 2005 and the
15th day of each month thereafter, or if such 15th day is not a Business Day, the next succeeding Business Day. 
  
 “Interest Period” means, with respect to any Interest Payment Date, the period from and including the previous Interest Payment Date (or
in the case of the initial Interest Payment Date, from and including the Issuance Date) to but excluding such Interest Payment Date. 
  
 “Issuance Date” means August 10, 2005. 
  
 “Legal Maturity Date” means March 15, 2013. 
  
 “Note Interest Rate” means a rate per annum equal to 4.55%. 
  
 “Paying Agent” means Wells Fargo Bank, National Association. 
  
 “Predecessor Note” means, with respect to any particular
Note, every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and, for the purpose of this definition, any Note authenticated and delivered under Section 3.06 of the Indenture in lieu of a
mutilated, lost, destroyed or stolen Note shall be deemed to evidence the same debt as the mutilated, lost, destroyed or stolen Note. 
  
 “Record Date” means, for any Note Transfer Date, the last Business Day of the preceding Monthly Period. 
  
 “Scheduled Principal Payment Date” means January 18, 2011.

  
 “Stated Principal Amount” means $750,000,000.

  
 Section 1.02 Governing Law. THIS TERMS DOCUMENT WILL
BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF DELAWARE WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH
LAWS. 
  

 3 

 Section 1.03 Counterparts. This Terms Document may be executed in any number of counterparts, each
of which so executed will be deemed to be an original, but all such counterparts will together constitute but one and the same instrument. 
  
 Section 1.04 Ratification of Indenture and Indenture Supplement. As supplemented by this Terms Document, each of the Indenture, the Asset Pool
Supplement and the Indenture Supplement is in all respects ratified and confirmed and the Indenture as so supplemented by the Asset Pool Supplement and the Indenture Supplement as so supplemented by this Terms Document shall be read, taken and
construed as one and the same instrument. 
  
 [END OF ARTICLE I]

  

 4 

 ARTICLE II 
  
 The Class A(2005-7) Notes 
  
 Section 2.01 Creation and Designation. There is hereby created a Tranche of CHASEseries Class A Notes to be issued pursuant to the Indenture and
the Indenture Supplement to be known as the “CHASEseries Class A(2005-7) Notes.” 
  
 Section 2.02 Specification of Required Subordinated Amount and Other Terms. 
  
 (a) For the Class A(2005-7) Notes for any date of determination, the Class A Required Subordinated Amount of Class B Notes will be an amount equal to
7.80347% of (i) prior to the occurrence of a Class A(2005-7) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2005-7) Notes on such date of determination or (ii) on and after the date on which a Class A(2005-7) Adverse
Event shall have occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2005-7) Notes on such date of determination and (2) the Adjusted Outstanding Dollar Principal Amount of the Class A(2005-7) Notes as of the
close of business on the day immediately preceding the date on which such Class A(2005-7) Adverse Event shall have occurred. 
  
 (b) For the Class A(2005-7) Notes for any date of determination, the Class A Required Subordinated Amount of Class C Notes will be an amount equal to
7.80347% of (i) prior to the occurrence of a Class A(2005-7) Adverse Event, the Adjusted Outstanding Dollar Principal Amount of the Class A(2005-7) Notes on such date or (ii) on and after the date on which a Class A(2005-7) Adverse Event shall have
occurred, the greater of (1) the Adjusted Outstanding Dollar Principal Amount of the Class A(2005-7) Notes on such date of determination and (2) Adjusted Outstanding Dollar Principal Amount of the Class A(2005-7) Notes as of the close of business on
the day immediately preceding the date on which such Class A(2005-7) Adverse Event shall have occurred. 
  
 (c) The Issuer may change the percentages or the formulas set forth in either clause (a) or (b) above without the consent of any Noteholder so long as
the Issuer has (i) received written confirmation from each Note Rating Agency that has rated any Outstanding Class A(2005-7) Notes that the change in either of such percentages or formulas, as applicable, will not result in a Ratings Effect with
respect to any Outstanding Class A(2005-7) Notes and (ii) delivered to the Indenture Trustee and the Note Rating Agencies a Master Trust Tax Opinion and an Issuer Tax Opinion. 
  
 Section 2.03 Interest Payment. 
  
 (a) For each Interest Payment Date, the amount of interest due with respect to the Class A(2005-7) Notes shall be an amount
equal to one-twelfth the product of (i) the Note Interest Rate, times (ii) the Outstanding Dollar Principal Amount 
  

 5 

 
of the Class A(2005-7) Notes determined as of the close of business on the Interest Payment Date preceding the related Note Transfer Date for the Class
A(2005-7) Notes; provided, however, that for the first Interest Payment Date, the amount of interest due with respect to the Class A(2005-7) Notes is $3,317,708.33. Interest on the Class A(2005-7) Notes will be calculated on the basis
of a 360-day year consisting of twelve 30-day months. 
  
 (b)
Pursuant to Section 3.03 of the Indenture Supplement, on each Note Transfer Date with respect to the Class A(2005-7) Notes, the Indenture Trustee shall deposit into the Class A(2005-7) Interest Funding Sub-Account the portion of CHASEseries
Available Finance Charge Collections allocable to the Class A(2005-7) Notes. 
  
 Section 2.04 Payments of Interest and Principal. 
  
 (a) Any installment of interest or principal payable on any Class A(2005-7) Note which is punctually paid or duly provided for by the Issuer and the Indenture Trustee on the applicable Interest Payment Date or
Principal Payment Date shall be paid by the Paying Agent to the Person in whose name such Class A(2005-7) Note (or one or more Predecessor Notes) is registered on the Record Date, by wire transfer of immediately available funds to such Person’s
account as has been designated by written instructions received by the Paying Agent from such Person not later than the close of business on the third Business Day preceding the date of payment or, if no such account has been so designated, by check
mailed first-class, postage prepaid to such Person’s address as it appears on the Note Register on such Record Date, except that with respect to Notes registered on the Record Date in the name of the nominee of Cede & Co., payment shall be
made by wire transfer in immediately available funds to the account designated by such nominee. 
  
 (b) The right of the Class A(2005-7) Noteholders to receive payments from the Issuer will terminate on the first Business Day following the Class
A(2005-7) Termination Date. 
  
 Section 2.05 Form of Delivery
of Class A(2005-7) Notes; Depository; Denominations. 
  
 (a)
The Class A(2005-7) Notes shall be delivered in the form of a global Registered Note as provided in Sections 2.02 and 3.01(i) of the Indenture, respectively. 
  
 (b) The Depository for the Class A(2005-7) Notes shall be The Depository Trust Company, and the Class A(2005-7) Notes shall initially be registered in
the name of Cede & Co., its nominee. 
  
 (c) The Class
A(2005-7) Notes will be issued in minimum denominations of $1,000 and integral multiples of that amount. 
  

 6 

 Section 2.06 Delivery and Payment for the Class A(2005-7) Notes. The Issuer shall execute and
deliver the Class A(2005-7) Notes to the Indenture Trustee for authentication, and the Indenture Trustee shall deliver the Class A(2005-7) Notes when authenticated, each in accordance with Section 3.03 of the Indenture. 
  
 Section 2.07 Supplemental Indenture. The Issuer may enter into a
supplemental indenture with respect to the Class A(2005-7) Notes as provided in Section 9.01 of the Indenture; provided, however, that any supplemental indenture which provides for an additional or alternative form of credit
enhancement for the Class A(2005-7) Notes shall, in addition to the requirements set forth in Section 9.01 of the Indenture, require confirmation from the Note Rating Agencies that have rated any Outstanding Notes of the CHASEseries that such change
in credit enhancement will not result in a Ratings Effect with respect to any Outstanding Notes of the CHASEseries. 
  
 Section 2.08 Appointment of co-Paying Agent and co-Transfer Agent. BDL is appointed as co-paying agent and as co-transfer agent in Luxembourg with
respect to the Class A(2005-7) Notes for so long as the Class A(2005-7) Notes are listed on the Luxembourg Stock Exchange. Any reference in this Terms Document, the Indenture Supplement, the Asset Pool Supplement and the Indenture to the Paying
Agent or the Transfer Agent shall be deemed to include BDL as co-paying agent or co-transfer agent, as the case may be, unless the context requires otherwise. 
  

[END OF ARTICLE II] 
  

 7 

 IN WITNESS WHEREOF, the parties hereto have caused this Terms Document to be duly executed, all as of the
day and year first above written. 
  

			
	CHASE ISSUANCE TRUST
		
	By:	 	 CHASE BANK USA, NATIONAL ASSOCIATION,
 as Beneficiary
and not in its individual capacity

		
	By:	 	 /s/ Keith Schuck

	Name:	 	Keith Schuck
	Title:	 	President
	
	 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Indenture Trustee and
 Collateral Agent

		
	By:	 	 /s/ Cheryl Zimmerman

	Name:	 	Cheryl Zimmerman
	Title:	 	Assistant Vice President

  
 Signature Page to

 A(2005-7) Terms Document

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