Document:

Agreement of Settlement and Release

 Exhibit 10.55 
 AGREEMENT OF SETTLEMENT AND RELEASE 
 This Agreement of Settlement and
Release (“Settlement/Release”), effective as of December 17, 2009 (“Effective Date”), is entered into by and between Heartland Payment Systems, Inc., a Delaware corporation
(“Processor”), and American Express Travel Related Services Company, Inc., a New York corporation (“American Express”). 
 WHEREAS, the parties entered into an Authorized Processor Agreement, effective May 24, 2000 and amended by Amendment No. 1 effective December 20, 2007 (such agreement, as amended, the
“Agreement”), permitting (among several things) their respective facilities to be linked in order to enable Service Establishments to obtain AmEx Services from Processor and to provide safeguards for AXP Data; and 
 WHEREAS, Processor announced on January 20, 2009 that it experienced an intrusion into its computer systems during 2008, which
intrusion placed at risk of compromise data relative to certain American Express® Card accounts (“Data
Incident”); and 
 WHEREAS, a dispute has arisen between the parties with respect to Processor’s obligations under the Agreement
with respect to the Data Incident (the “Dispute”); and 
 WHEREAS, the parties wish to amicably, fully, and finally settle the
Dispute; 
 NOW, THEREFORE, the parties hereto agree as follows: 
 1. Processor shall pay American Express by wire transfer, and American Express shall accept, the sum listed on Exhibit A hereto within five (5) business days of the Effective Date of this
Settlement/Release. This payment is in full and final satisfaction of any and all claims of American Express and its issuers and Processor arising from or relating to the Data Incident or the Dispute. 
 2. In consideration of such payment by Processor, American Express, on behalf of itself and its issuers (and its and their Affiliates, successors,
partners, predecessors, and assigns) (collectively, the “Amex Releasors”), hereby releases and discharges Processor and its direct, indirect, present and former, parents, subsidiaries, Affiliates, predecessors and successors, and
all of their respective agents, employees, partners, directors, officers, principals, and assignees) (collectively, the “HPS Releasees”), jointly and severally, free and harmless from and against, and covenants that none of the Amex
Releasors will hereafter assert against any of the HPS Releasees, any and all rights, claims, debts, demands, acts, agreements, liabilities, losses, obligations, damages, costs, fees (including without limitation, those of attorneys), expenses,
actions, and/or causes of action of every kind or nature whatsoever, present or future, both in law and equity, known or unknown, suspected or unsuspected, that any of the Amex Releasors may have against any of the HPS Releasees in its capacity as
such arising from or relating to the Dispute. 
 3. In consideration of American Express accepting such
payment in settlement of the Dispute, Processor, on behalf of itself and its Affiliates, successors, partners, predecessors, and assignees (collectively, the “HPS Releasors”), hereby releases and discharges American Express and its
issuers (and its and their direct, indirect, present and former, parents, subsidiaries, Affiliates, predecessors and successors and all of their respective agents, employees, partners, directors, officers, principals, and assignees) (collectively,
the “Amex Releasees”), jointly and severally, free and harmless from and against any and all rights, claims, debts, demands, acts, agreements, liabilities, losses. obligations, damages, costs, fees (including without limitation,
those of attorneys), expenses, actions, and/or causes of action of every kind or nature whatsoever, present or future, both in law and equity, known or unknown, suspected or unsuspected, that any of the HPS Releasors may have against any of the Amex
Releasees in its capacity as such arising from or relating to the Dispute. 
  

					
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 4. Each party acknowledges and agrees that this Settlement/Release, including the consideration
transferred hereunder, is a compromise of the Dispute and that neither the Settlement/Release nor the compromise of the Dispute hereunder shall be construed as an admission of liability or non-liability on the part of either party, nor shall it be
admissible as evidence in any proceeding except a proceeding to enforce or for breach of this Settlement/Release. 
 5. Each party hereby
represents and warrants to the other that: (a) it has had an opportunity to obtain independent legal advice from attorneys of its choice with respect to the advisability of entering into the Release; (b) it has not relied upon any
statement, representation, or promise of any other party not expressly contained herein; (c) it has not assigned or otherwise transferred (voluntarily, involuntarily or by operation of law) any right, title, or interest in any claim which it
has, may have, or may have had with respect to the Dispute; (d) it is a sophisticated business, has negotiated individually each of the material provisions of this Settlement/Release on an arm’s length basis with the advice of competent
counsel, in order to meet its needs, and that no ambiguity in the drafting of this Settlement/Release shall be construed against the drafter; (e) it has carefully read this Settlement/Release, knows and understands the contents thereof, has had
a full and fair opportunity to inquire about the facts and circumstances giving rise to the Dispute and concerning this Settlement/Release, and freely executes this Settlement/Release; and (f) the individual who signs this Settlement/Release on
its behalf has the authority to bind that party to this Settlement/Release. American Express hereby represents and warrants to Processor that the American Express network followed its data incident recovery process in calculating the amount of
American Express’s claim in respect of the Data Incident. 
 6. This Settlement/Release is governed by and shall be construed and
enforced in accordance with the laws of the State of New York, without giving effect to the principles of conflicts of law. Any action hereunder by either party shall be brought in the appropriate federal or state court located in the County and
State of New York, and each party hereby consents to the exclusive jurisdiction of such court and waives any claim of lack of jurisdiction or forum non conveniens. 
 7. No waiver of any breach of any term or provision of this Settlement/Release shall be construed to be, nor shall be, a waiver of any other breach of this Settlement/Release. No waiver shall be
binding unless in writing and signed by the party waiving the breach. In the event any provision of this Settlement/Release is held to be void, voidable, or unenforceable, the remaining provisions shall remain in full force and effect provided that
the void, voidable, or unenforceable provision is not material to the subject matter hereof. This Settlement/Release constitutes the entire agreement between the parties relating to the subject matter hereof and supersedes any previous agreements,
understandings, or courses of dealing relating to the subject matter hereof. This Settlement/Release binds, and inures to the benefit of, the parties and their respective successors and assigns. This Settlement/Release may be executed in any number
of counterparts, each of which shall be deemed an original and all of which together shall be deemed to be one and the same instrument. 
 8.
Processor and American Express shall consult each other before issuing, and give each other the opportunity to review and comment upon, any press release or other public statements with respect to the Dispute or this Settlement/Release, and
shall not issue any such press release or make any such public statement prior to such consultation, except as such party may in its good faith judgment conclude may be required by law or regulation, court process or by obligations pursuant to any
listing agreement with any national securities exchange, in which case the issuing party shall, to the extent practicable, use its reasonable efforts to consult with the other party before issuing any such release or make any such public statement.
The parties agree that the initial press release and Current Report on Form 8-K with this Settlement/Release attached as an exhibit thereto, to be issued with respect to this Settlement/Release shall be in the form attached as Exhibit B hereto.

  

					
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 9. All capitalized terms used by not defined herein have the meanings ascribed to them in the
Agreement. 
 IN WITNESS WHEREOF, the undersigned have executed this Settlement/Release effective as of the Effective Date. 
  

									
	AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.	 		 	HEARTLAND PAYMENT SYSTEMS, INC.
					
	By:	 	 /s/ Susan F. Hillel
	 		 	By:	 	 /s/ Robert H. B. Baldwin, Jr.

		 	Name: Susan F. Hillel	 		 		 	Name: Robert H. B. Baldwin, Jr.
		 	Title:   SVP & GM	 		 		 	Title:   President & CFO
		 	Date:   12/17/09	 		 		 	Date:   12/17/09

  

					
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 Exhibit A 
  

					
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 Exhibit B 
 INITIAL PRESS RELEASE / CURRENT REPORT ON FORM 8-K 
 HEARTLAND PAYMENT
SYSTEMS® AND AMERICAN EXPRESS AGREE 
 TO $3.6 MILLION INTRUSION SETTLEMENT 
 Settlement marks first agreement with a card brand related to 2008 intrusion 
 Princeton, NJ — December X, 2009 — Heartland Payment Systems® (NYSE: HPY), one of the nation’s largest payments processors, today announced a settlement agreement with American Express (NYSE: AXP) related to the 2008
criminal breach of Heartland’s payment system environment. Under the agreement, Heartland will pay American Express $3.6 million, resolving all intrusion-related issues between the two parties. 
 “We are pleased to have reached an equitable settlement with American Express,” commented Bob Carr, Heartland’s chairman and chief executive
officer. “This settlement marks the first agreement with a card brand related to the intrusion.” 
 # # #

 About Heartland Payment Systems 
 Heartland Payment Systems, Inc. (NYSE: HPY), the 5th largest payments processor in the United States, delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than
250,000 business locations nationwide. Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, please visit
HeartlandPaymentSystems.com, MerchantBillOfRights.com, CostOfABurger.com and E3secure.com. 
  

			
	Contacts	  	
		
	Leanne Scott Brown	  	Nancy Gross
		
	Vault Communications	  	Heartland Payment Systems
	610.455.2742	  	888.798.3131 x2202
	LBrown@VaultCommunications.com	  	 Nancy.Gross@e-hps.com

  

					
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 UNITED STATES 
 SECURITIES AND EXCHANGE COMMISSION 
 WASHINGTON, D.C. 20549 
  
  
 FORM 8-K 

  
  
 CURRENT REPORT 
 Pursuant to Section 13 or 15(d) of The 
 Securities Exchange Act of 1934 
 Date of Report (Date of earliest event reported) December [    ], 2009 
  
  
 HEARTLAND PAYMENT SYSTEMS, INC. 
 (Exact name of
registrant as specified in its charter) 
  
  
  

					
	Delaware	 	001-32594	 	22-3755714
	 (State or other jurisdiction of
 incorporation or organization)
	 	 (Commission
 File No)
	 	 (I.R.S. Employer
 Identification Number)

		
	90 Nassau Street, Princeton, New Jersey	 	08542
	(Address of principal executive offices)	 	(Zip Code)

 (609)
683-3831 
 (Registrant’s telephone number, including area code) 
  
 (Former name or former address, if changed since last report) 

  
  
 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions: 
  

	 ̈	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) 

  

	 ̈	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) 

  

	 ̈	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) 

  

	 ̈	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) 

  
  
  
  

					
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 Item 1.01 Entry into a Material Definitive Agreement. 
 On December [    ], 2009, Heartland Payment Systems, Inc. (“HPS”) and American Express Travel Related Services
Company, Inc. (“American Express”) entered into an agreement of settlement and release (the “Settlement Agreement”) to resolve potential claims and other disputes among HPS and American Express (and its issuers) with respect to
the previously announced criminal breach of HPS’s payment systems environment (the “Processing System Intrusion”). 
 Within five business days of the execution and delivery of the Settlement Agreement, HPS will pay American Express $3,538,380 in full and final satisfaction of any and all claims of American Express and its issuers arising from or relating
to the Processing System Intrusion. The Settlement Agreement contains mutual releases by and between HPS and American Express (on behalf of itself and its issuers) relating to the Processing System Intrusion. 
 A copy of the press release issued by HPS and American Express relating to the Settlement Agreement is attached hereto as Exhibit 99.1.

 Item 9.01 Financial Statements and Exhibits 
  

	(d)	Exhibits 

  

			
	 Exhibit
Number
	 	 Description

		
	99.1	 	Press Release of Heartland Payment Systems, Inc. and American Express Travel Related Services Company, Inc. dated December [    ], 2009

 

 Execution Copy 

 SIGNATURES 
 Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 
 Dated: December [    ], 2009 
  

			
	 Heartland Payment Systems, Inc.

	(Registrant)
		
	By:	 	  

		 	Robert H.B. Baldwin, Jr.
		 	President and Chief Financial Officer

  

 Execution Copy 

 EXHIBIT 99.1Amended and Restated Hyatt Corporation Deferred Compensation Plan

 Exhibit 4.5 
 AMENDED AND RESTATED 
 HYATT CORPORATION 
 DEFERRED COMPENSATION PLAN 
 (Effective May 3, 2010) 

 Table of Contents 
  

							
	 ARTICLE 1 DEFINITIONS
	  	2
		  	1.1	  	In General	  	2
		  	1.2	  	Account	  	2
		  	1.3	  	Affiliated Employer	  	2
		  	1.4	  	Beneficiary	  	2
		  	1.5	  	Board	  	2
		  	1.6	  	Claimant	  	2
		  	1.7	  	Code	  	2
		  	1.8	  	Committee	  	2
		  	1.9	  	Company	  	2
		  	1.10	  	Compensation	  	2
		  	1.11	  	Deferred Amount	  	2
		  	1.12	  	Deferral Election	  	2
		  	1.13	  	Disability	  	2
		  	1.14	  	Discretionary Employer Credit	  	3
		  	1.15	  	Distribution Election	  	3
		  	1.16	  	Distribution Event	  	3
		  	1.17	  	Effective Date	  	3
		  	1.18	  	Employee	  	3
		  	1.19	  	Employer	  	3
		  	1.20	  	Employer Credit	  	3
		  	1.21	  	Employer Matching Credit	  	3
		  	1.22	  	ERISA	  	3
		  	1.23	  	Grandfathered Benefits	  	3
		  	1.24	  	Installment Payout Period	  	3
		  	1.25	  	Investment Fund	  	3
		  	1.26	  	Leave of Absence	  	3
		  	1.27	  	Matching Rate	  	4
		  	1.28	  	Non-Grandfathered Benefits	  	4
		  	1.29	  	Participant	  	4
		  	1.30	  	Payday	  	4
		  	1.31	  	Payment Date	  	4
		  	1.32	  	Plan	  	4
		  	1.33	  	Plan Administrator	  	4
		  	1.34	  	Plan Year	  	4
		  	1.35	  	Rules of the Plan	  	4
		  	1.36	  	Separation from Service	  	4
		  	1.37	  	Specified Employee	  	5
		  	1.38	  	Unforeseeable Emergency	  	5
		  	1.39	  	Year of Service	  	5
		
	 ARTICLE 2 PARTICIPATION
	  	5
		  	2.1	  	Eligibility	  	5
		  	2.2	  	Inactive Participants	  	5
		  	2.3	  	Rehires	  	5

							
	 	  	 	  	 	  	 Page

	 ARTICLE 3 PARTICIPANT ELECTIONS
	  	6
		  	3.1	  	Deferral Elections	  	6
		  	3.2	  	Distribution Elections	  	6
		  	3.3	  	Initial Elections	  	7
		  	3.4	  	Prior Plan Elections	  	7
		  	3.5	  	Transferred Benefits	  	7
		
	 ARTICLE 4 EMPLOYER CREDITS
	  	7
		  	4.1	  	Employer Matching Credits	  	7
		  	4.2	  	Amount of Matching Credit	  	8
		  	4.3	  	Discretionary Employer Credits	  	8
		  	4.4	  	Employment Transfers	  	8
		
	 ARTICLE 5 ACCOUNTS
	  	9
		  	5.1	  	Participant Accounts	  	9
		  	5.2	  	Account	  	9
		  	5.3	  	Account Adjustment	  	9
		
	 ARTICLE 6 VESTING
	  	9
		  	6.1	  	Vesting	  	9
		  	6.2	  	Transferred Amounts and Prior Plan Account Balances	  	10
		
	 ARTICLE 7 INVESTMENT FUNDS
	  	10
		  	7.1	  	Investment Funds	  	10
		  	7.2	  	Participant Investment Election	  	10
		  	7.3	  	Investments	  	10
		
	 ARTICLE 8 DISTRIBUTION EVENTS
	  	11
		  	8.1	  	Distribution Events	  	11
		
	 ARTICLE 9 PAYMENTS
	  	11
		  	9.1	  	Payments	  	11
		  	9.2	  	Installments	  	11
		  	9.3	  	Unforeseeable Emergency	  	12
		
	 ARTICLE 10 ADMINISTRATION
	  	12
		  	10.1	  	Plan Administrator	  	12
		  	10.2	  	Bookkeeping	  	13
		  	10.3	  	Plan Administrator’s Discretion	  	13
		  	10.4	  	Liability	  	13
		
	 ARTICLE 11 AMENDMENT AND TERMINATION
	  	13
		  	11.1	  	Amendment	  	13
		  	11.2	  	Section 409A	  	13
		  	11.3	  	Termination	  	14

  

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	 	  	 	  	 	  	 Page

	 ARTICLE 12 CLAIMS PROCEDURES
	  	14
		  	12.1	  	Claims Procedures	  	14
		  	12.2	  	Claims	  	15
		  	12.3	  	Appeal	  	15
		  	12.4	  	Decision	  	15
		
	 ARTICLE 13 MISCELLANEOUS
	  	16
		  	13.1	  	Notices	  	16
		  	13.2	  	Source of Benefits	  	16
		  	13.3	  	FICA and Other Taxes	  	16
		  	13.4	  	Plan Not Contract of Employment	  	17
		  	13.5	  	Applicable Law	  	17
		  	13.6	  	Non-Alienation	  	17
		  	13.7	  	Adoption by Employers	  	17
		  	13.8	  	Gender and Number	  	17
		
	 Appendix A
	  	19
		
	 Appendix B
	  	20
		
	 Appendix C
	  	21

  

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 AMENDED AND RESTATED 
 HYATT CORPORATION DEFERRED COMPENSATION PLAN 
 (Effective May 3, 2010) 
 Hyatt Corporation, a Delaware corporation or its parent, subsidiaries or
affiliates (the “Company”), established: (1) the Hyatt Corporation Matched Savings Plan (“MSP”), effective September 1, 1993; (2) the Hyatt Corporation Key Management Deferred Savings Plan (“DSP”),
effective February 1, 1989, and amended and restated January 1, 1995; (3) the Hyatt Corporation Restricted Deferred Incentive Compensation Plan, effective February 1, 1991, as amended (“RDICP”); (4) the Hyatt
Corporation Restricted Deferred Incentive Compensation Plan II, effective February 1, 1997, as amended (“RDICP II”); (5) the Global Hyatt Corporation Deferred Incentive Plan, effective January 1, 2006, as amended
(“GHDIP”); (6) the Hyatt International Hotels Restricted Deferred Incentive Compensation Plan, effective January 1, 1984, as amended (“International RDICP”); and (7) the Hyatt International Corporation Restricted
Deferred Incentive Compensation Plan II, effective January 1, 2004, as amended (“International RDICP II”); (collectively, the “Prior Plans”) for the benefit of Eligible Employees. The MSP and DSP were amended, restated and
merged to form the Hyatt Corporation Deferred Compensation Plan (the “Plan”), effective December 14, 2007. All or a portion of the RDICP, RDICP II, GHDIP, International RDICP and International RDICP II are hereby amended, restated and
merged into the Plan, effective May 3, 2010. 
 Notwithstanding the foregoing, the provisions of the Prior Plans in effect
on October 3, 2004 apply with respect to those Prior Plan benefits that were earned and vested within the meaning of Treas. Reg. §§1.409A-6(a) as of December 31, 2004, as well as the interest earned thereon (“Grandfathered
Benefits”). The terms applicable to the Grandfathered Benefits have not been materially modified within the meaning of Treas. Reg. §§1.409A-6(a)(1) and (4) on or after October 3, 2004. 
 As were the Prior Plans, this Plan is a nonqualified deferred compensation plan that permits certain eligible Employees of the Employers to
elect to defer Compensation otherwise payable to them. The Plan is unfunded and is maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, within the meaning of
Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA. The Plan is not intended to qualify under Code Section 401(a), or be subject to Parts 2, 3 or 4 of Title I of ERISA. 
  

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 ARTICLE 1 
 DEFINITIONS 
 1.1 In General. Whenever the following terms are used
in the Plan with the first letter capitalized, they shall have the meanings specified below unless the context clearly indicates otherwise. 
 1.2 Account. “Account” of a Participant means his individual account, if any, established in accordance with Article 5. 
 1.3 Associated Employer. “Associated Employer” means each trade or business under common control, including but not limited
to proprietorships and partnerships or a controlled group of corporations within the meaning of Code Sections 414(b), (c), (m) and (o) with the Company, and each entity listed on Appendix A. 
 1.4 Beneficiary. “Beneficiary” means the person or persons designated by a Participant, in the manner established by the
Plan Administrator and in accordance with the Rules of the Plan, to receive payments under the Plan in the event of his death. No Beneficiary designation or change of Beneficiary shall become effective until received and acknowledged by the Plan
Administrator. In the event a Participant does not properly designate a Beneficiary, his Plan benefits shall be paid in the following order of priority: (a) to his surviving spouse, if any, (b) to his surviving children in equal shares, or
(c) to the legal representative of his estate. 
 1.5 Board. “Board” means the Board of Directors of the
Company. 
 1.6 Claimant. “Claimant” means a Participant or Beneficiary who believes he is being denied a
benefit under the Plan to which he is entitled. 
 1.7 Code. “Code” means the Internal Revenue Code of 1986, as
amended. 
 1.8 Committee. “Committee” means the Hyatt Hotels Corporation Benefits Committee. 
 1.9 Company. “Company” means Hyatt Corporation. 
 1.10 Compensation. “Compensation” means the base or regular cash salary payable to a Participant by his Employer, including
incentives or bonuses and any such amounts which are not includible in the Participant’s gross income under Code Sections 125 or 401(k). 
 1.11 Deferred Amount. “Deferred Amount” means Compensation that the Participant has elected to defer pursuant to a Deferral Election and that, in the absence of such Deferral Election,
would be payable to the Participant on a Payday. 
 1.12 Deferral Election. “Deferral Election” means the
Participant’s election, made in accordance with Article 3, that specifies the Deferred Amount for the Participant’s Account. 
 1.13 Disability. “Disability” means that the Participant is either (a) deemed to be disabled in accordance with the Employer’s long-term disability insurance program, provided

  

 2 

 
that the definition of disability applied under such disability insurance program complies with the requirements of Code Section 409A, or (b) if the Participant is not covered by an
Employer’s long-term disability insurance program, then the Participant is determined to be totally disabled by the Social Security Administration. 
 1.14 Discretionary Employer Credit. “Discretionary Employer Credit” means the amount that may be credited to a Participant’s Account under Section 4.3. 
 1.15 Distribution Election. “Distribution Election” means the Participant’s election, made in accordance with Article
3 that specifies the form of distribution for the Participant’s Account. 
 1.16 Distribution Event.
“Distribution Event” has the meaning attributed to such term in Article 8. 
 1.17 Effective Date. The
“Effective Date” is December 14, 2007, unless otherwise provided. 
 1.18 Employee. “Employee”
means any person who renders services to an Employer in the status of an employee, as that term is defined in Code Section 3121(d). 
 1.19 Employer. “Employer” means the Company and each other entity, which has adopted the Plan with the Company’s consent and is listed in Appendix B. 
 1.20 Employer Credit. “Employer Credit” means the Employer Matching Credit and the Discretionary Employer Credit.

 1.21 Employer Matching Credit. “Employer Matching Credit” means the amount that may be credited to a
Participant’s Account under Section 4.1. 
 1.22 ERISA. “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended. 
 1.23 Grandfathered Benefits. “Grandfathered Benefits” has the meaning
attributed to such term in the Preamble. 
 1.24 Installment Payout Period. “Installment Payout Period” means a
period of two (2), three (3), four (4) or five (5) years, commencing on the Payment Date. For distribution elections made under the DSP in effect prior to the Effective Date or distribution elections under other Prior Plans made prior to
May 3, 2010, the Installment Payout Period means a period as specified in Appendix C. 
 1.25 Investment Fund.
“Investment Fund” means one of the investment funds designated by the Plan Administrator at the time of reference. 
 1.26 Leave of Absence. “Leave of Absence” means a period during which the Participant is on military leave, sick leave, or other bona fide leave of absence (such as temporary employment by the government) if: 
 (a) the period of such leave does not exceed six months; or 
  

 3 

 (b) if the period is longer than six months, the Participant’s right to reemployment
with the Employer is protected either by statute or by contract. 
 (c) If the period of leave exceeds six months and the
Participant’s right to reemployment is not provided either by statute or by contract, then the employment relationship is deemed to terminate on the first date immediately following such six-month period. 
 1.27 Matching Rate. “Matching Rate” means the amount of the Employer Matching Credit to be allocated to a
Participant’s Account in connection with his Deferred Amount for that Plan Year. 
 1.28 Non-Grandfathered Benefits.
“Non-Grandfathered Benefits” means the portion of benefits in a Participant’s Account not attributable to Grandfathered Benefits. 
 1.29 Participant. “Participant” means an Employee designated by the Plan Administrator, in its sole discretion, to be eligible for participation in the Plan and who elects to participate
in this Plan. 
 1.30 Payday. “Payday” means the established day for the payment of Compensation to
Participant. 
 1.31 Payment Date. “Payment Date” means the date on which payment is made to a Participant
under the Plan, which shall be the later of (i) within ninety (90) days following the date of the Participant’s first Distribution Event, (ii) the six month anniversary of the Participant’s first Distribution Event, if the
Participant is a Specified Employee; or (iii) as noted in Appendix C for certain Prior Plan account balances, as applicable. If the Participant has elected installment distributions, the Payment Date refers to the date on which the first
installment is to be distributed. 
 1.32 Plan. “Plan” means the Hyatt Corporation Deferred Compensation Plan.

 1.33 Plan Administrator. “Plan Administrator” means the Committee. If no Committee is in existence, then
Plan Administrator means the Company. 
 1.34 Plan Year. “Plan Year” means the calendar year. 
 1.35 Prior Plan Accounts. “Prior Plan Accounts” means the account established by the Plan Administrator under this Plan to
which all amounts transferred from a Prior Plan shall be credited. 
 1.36 Rules of the Plan. “Rules of the
Plan” means the administrative rules established from time to time by the Plan Administrator in its sole discretion. 
 1.37 Separation from Service. “Separation from Service” means the termination of the Participant’s services to the Company and all Employers and affiliates as determined in accordance with Treas. Reg.
§1.409A-1(h), whether voluntarily or involuntarily, other than by

  

 4 

 
reason of death or Disability. The Plan Administrator shall have full and final authority, which shall be exercised in its discretion and in accordance with Treas. Reg. Section 1.409A-1(h),
to determine conclusively whether and when an Employee has had a Separation from Service. 
 1.37 Specified
Employee. “Specified Employee” means an employee meeting the definition of Specified Employee as defined by Code §409A. 
 1.39 Unforeseeable Emergency. “Unforeseeable Emergency”, as determined by the Plan Administrator, means a severe financial hardship to the Participant resulting from (a) an illness
or accident of the Participant, the Participant’s spouse, the Participant’s Beneficiary, or the Participant’s dependent (as defined in Treas. Reg. Section 1.409A-3(i)(3)(i)), (b) loss of the Participant’s property due
to casualty, (c) the need to pay for the funeral expenses of the Participant’s spouse, Beneficiary, or dependent (as defined above), (d) the need to pay for medical expenses, including nonrefundable deductibles, and (e) other
similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant as determined in accordance with Treas. Reg. Sec. 1.409A-3(i)(3). 
 1.40 Year of Service. “Year of Service” with respect to a Participant as of any date means the number of his continuous
full years of employment with an Employer or an Affiliate. 
 ARTICLE 2 
 PARTICIPATION 
 2.1 Eligibility. The Plan Administrator will select those Employees eligible to participate in the Plan from the class of Employees who: 
 (a) are members of a select group of management or highly compensated within the meaning of section 401(a)(1) of ERISA; and 
 (b) have completed 90 continuous days of employment with an Employer. 
 Notwithstanding the foregoing, each participant in the Prior Plans shall automatically be a Participant in this Plan and shall continue as a Participant in the Plan until such individual receives a distribution of their entire Prior Plan
Accounts as well as their Account under this Plan, if any. 
 2.2 Inactive Participants. When a Participant ceases to
provide services to any Employer as an Employee, he shall no longer be entitled to defer further amounts or be eligible for Employer Matching Credits or Discretionary Employer Credits. When a Participant ceases to be eligible to participate in the
Plan, then in the next following Plan Year he shall not be entitled to defer amounts or be eligible for Employer Matching Credits or Discretionary Employer Credits. However, in either case, his Account will continue to be adjusted for investment
experience in accordance with Article 6, and he shall remain a Participant with respect to his Account until it is fully distributed. 
 2.3 Rehires. An Employee who was a Participant in the Plan, incurred a Separation from Service and is later rehired by an Employer may not re-commence participation in the Plan until the second anniversary of his or her initial
Separation from Service. 
  

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 ARTICLE 3 
 PARTICIPANT ELECTIONS 
 3.1 Deferral Elections 
 (a) In general. Each active Participant may make a Deferral Election pursuant to which he elects to defer an amount of his
Compensation that otherwise would be payable to him for services to be rendered beginning in the next calendar year. Such election shall be irrevocable as of the day immediately preceding the next calendar year. Notwithstanding the foregoing, no
Participant may elect to defer Compensation in an amount that would prevent the Participant or the Employer from satisfying its employment tax contribution or withholding requirements under any applicable state or Federal law, and the
Participant’s employee benefit plan contribution requirements. 
 (b) Modifications. Once made, the Deferral
Election will continue until modified or revoked. The Participant may revoke or modify his Deferral Election only with respect to Compensation to be deferred beginning in a subsequent Plan Year. Such modified Deferral Election shall be irrevocable
on the day immediately before such subsequent Plan Year. 
 (c) Deferral Crediting. Each Participant’s Account shall
be credited with the amount deferred by the Participant as soon as practicable after the date on which such Compensation would have been paid to the Participant but in no event later than thirty (30) days after the last day of the month in
which the amount is deducted from the Participant’s paycheck. 
 3.2 Distribution Elections 
 (a) In general. Each Participant shall file a Distribution Election prior to the first day of the Plan Year in which deferrals are
made on his behalf under the Plan (or under the transition rules of Code Section 409A, prior to January 1, 2009). Such election shall be irrevocable as of the day immediately preceding the next calendar year. 
 (b) Modifications. The Participant may once modify his Distribution Election with respect to the form of payment of his Account, by
filing a modified Distribution Election in accordance with the Rules of the Plan and the following criteria: 
  

	 	(i)	The election must be made at least 12 months prior to the Participant’s original Distribution Event date; 

  

	 	(ii)	The election of the new form of payment shall have no effect until at least 12 months after the date on which the election is made; and 

  

	 	(iii)	The initial payment date under the modified Distribution Election must be no sooner than five (5) years after the original Distribution Event date (unless the
modified election is with respect to benefits payable upon death or Disability, in accordance with Sections 8.1(a) or (b)). 

  

 6 

 A Participant’s modified Distribution Election shall not be considered to be made until
the date on which the election becomes irrevocable. Such an election shall become irrevocable no later than the date that is 12 months prior to the Participant’s original Distribution Event date. 
 3.3 Initial Elections. Notwithstanding the provisions of Sections 3.1 and 3.2, if after a Plan Year has commenced, an Employee first
becomes a Participant (and does not participate in and has not for 24 months participated in any other nonqualified deferred compensation account balance plan that must be aggregated with the Plan pursuant to Code Section 409A), then the
provisions of this Section 3.3 shall apply. For such Participant to make a Deferral Election with respect to Compensation earned in the same calendar year that the Employee becomes a Participant, the Participant’s initial Deferral Election
and Distribution Election must be filed on a date that is not later than 30 days following the date the Participant first becomes eligible to participate in the Plan. The Deferral Election and Distribution Election will become irrevocable on the
date that is 30 days following the date of initial eligibility. Such elections shall only be effective with respect to a Participant’s Compensation earned after the election becomes irrevocable. If a Participant fails to make a Deferral
Election within 30 days of initial eligibility to participate, then such Participant may make a Deferral Election only with respect to Compensation earned in subsequent calendar years, in accordance with Sections 3.1 and 3.2. 
 3.4 Prior Plan Elections. Notwithstanding any provisions to the contrary, Participant deferral elections and distribution elections
made prior to the Effective Date under the Prior Plans with respect to non-Grandfathered Benefits shall remain in effect as Deferral Elections and Distribution Elections for purposes of this Plan until modified or revoked in accordance with Sections
3.1(b) and 3.2(b). Participant elections with respect to Grandfathered Benefits shall be governed by the terms of the applicable Prior Plan terms as in effect on October 3, 2004. 
 3.5 Transferred Benefits. From time to time the Plan Administrator may accept transfers of benefits and amounts into this Plan from
other non-qualified deferred compensation plans maintained by an Employer or an Affiliate with respect to a Participant. All amounts transferred shall be designated as “Transferred Amounts” and shall be credited to a Prior Plan Account
established for such Participant under the Plan. Each individual with Transferred Amounts pursuant to this Section 3.5 shall be a Participant in this Plan. A Participant’s election as to the time and form of payment for such Transferred
Amounts shall be governed by the deferral election in effect under the transferor plan; provided, however, that with respect to Transferred Amounts transferred in 2007 or 2008, such Participant shall elect prior to December 31, 2008
(i) the form of payment of his Account in accordance with Sections 3.2 and 3.3, and (ii) the investment of his Account in accordance with Section 7.2. Notwithstanding the foregoing, in no event shall a Participant be eligible to elect
in accordance with this Section 3.5, to have any Transferred Amount transferred in 2007 or 2008 paid in the same year of such transfer. 
 ARTICLE 4 
 EMPLOYER CREDITS 
 4.1 Employer Matching Credits. Subject to such limitations as the Plan Administrator may impose, for each Plan Year, the Company
shall establish one or more Matching Rates for Participants. Matching Rates may be established at different levels for different Participants for any Plan Year, and may be established on an individual basis, for employment positions, or for
categories or classes of Participants. 
  

 7 

 At such time as the Plan Administrator shall provide, the Plan Administrator shall credit an
Employer Matching Credit to the Account of each Participant who has completed one Year of Service with the Employers or the Affiliates and who 
 (a) was employed by an Employer on the last working day of that Plan Year, 
 (b)
had a Separation from Service after attaining age 55 and completing at least 10 Years of Service, 
 (c) became Disabled, or

 (d) died while in the employ of an Employer during such Plan Year. 
 4.2 Amount of Matching Credit. Each such Participant’s Employer Matching Credit shall equal to the product of (a) the
portion of the Participant’s Deferred Amount which his Employer, in its sole discretion, designates as eligible for an Employer Matching Credit, and (b) the Matching Rate applicable to that Participant. Any Employer Matching Credit to be
credited to any Participant’s Account shall be credited as of the date determined by the Committee. 
 4.3 Discretionary
Employer Credits. Each Employer may, from time to time and in its sole and absolute discretion, award a Discretionary Employer Credit to any Participant, in any amount that such Employer determines. Any Discretionary Employer Credit to be
credited to any Participant’s Account under this Section shall be credited as of the date determined by the Committee. Discretionary Employer Credits may be awarded at different rates for different Participants for any Plan Year, and may be
established on an individual basis, for employment positions, or for categories or classes of Participants. 
 4.4 Employment
Transfers. If during a Plan Year a Participant transfers from one employment position, category or class to another, and such transfer results in a change in the Matching Rate and Discretionary Employer Credit rate applicable to the Participant,
then upon any benefit crediting pursuant to this Section 4, such Participant shall be credited in accordance with the Employer Credit rates applicable to him as follows: 
 (a) If the Participants transfer occurs prior to July 1, at the Employer Credit rate applicable to the new position, category or class;

 (b) If the Participant’s transfer occurs on or after July 1, at the Employer Credit rate applicable to the
Participant in which they were employed on the first day of the Plan Year. 
 The Participant’s Deferral Election shall
remain in effect for all amounts credited to the Participant’s Account regardless of the applicable Employer Credit rate. 
  

 8 

 ARTICLE 5 
 ACCOUNTS 
 5.1 Participant Accounts. The Plan Administrator shall
maintain, or cause to be maintained, an Account in the name of each Participant, which may include Transferred Amounts for each Participant who was a participant in a Prior Plan in the form of a Prior Plan Account. A Participant’s Account may
be further divided into additional subaccounts, at the discretion of the Plan Administrator. The existence of an Account or bookkeeping entries for a Participant or Beneficiary does not create, suggest or imply that a Participant or Beneficiary has
a beneficial interest in any asset of any Employer. 
 5.2 Account. Each Participant’s Account shall reflect the sum
of the following amounts: 
 (a) his Deferred Amount; 
 (b) his share of Employer Matching Credits; 
 (c) his share of Discretionary Employer Credits; and 
 (d) his Transferred Amounts
from the Prior Plans or any other plan under Section 3.5, if any, excluding the MSP or DSP, unless it is an Employer Matching Credit. 
 Each Account shall be adjusted in accordance with Section 5.3. The Plan Administrator may establish additional Account categories or sub-accounts as it deems necessary or advisable. 
 5.3 Account Adjustment. Each Participant’s Account shall be credited or debited with: 
 (a) the amount of Compensation deferred pursuant to a Deferral Election, and amounts attributable to Employer Credits; 
 (b) the amount of interest, earnings, gains or losses of the Investment Fund that would have accrued to the amounts allocated to such
Investment Fund had such amounts been invested in such Investment Funds during the relevant period; 
 (c) any hypothetical
expenses, determined in the sole discretion of the Plan Administrator, charged to the Participant’s Account for such period; and 
 (d) any withdrawal or distribution. 
 ARTICLE 6 
 VESTING 
 6.1 Vesting. Except as provided in
Section 6.2, Participants shall be fully vested in all amounts held in their individual Accounts. Notwithstanding the foregoing, upon a Participant’s termination for cause (as defined in the DSP), forfeiture of Grandfathered Benefits
earned and vested under the DSP shall be determined under the terms of the DSP in effect as of October 3, 2004. 
  

 9 

 6.2 Transferred Amounts and Prior Plan Account Balances. At the time of transfer, the
Plan Administrator may subject Prior Plan Account balances to such vesting schedule or provisions as the Plan Administrator may determine in its sole discretion, including, but not limited to those noted in Appendix C; provided, however, that the
Plan Administrator may not subject to any Prior Plan Accounts that were previously vested to a new vesting schedule without the consent of the Participant. 
 ARTICLE 7 
 INVESTMENT FUNDS 
 7.1 Investment Funds. The Plan Administrator shall designate one or more Investment Funds to be available under the Plan. Each
Participant shall be entitled to direct the investment of amounts credited to his Account in the Investment Funds in accordance with the Rules of the Plan. The Plan Administrator has designated that an Investment Fund will consist of interests in
Hyatt Hotels Corporation Class A Common Stock (“Hyatt Stock”), subject to eligibility requirements, pricing and other limitations set forth in the Rules of the Plan. The Plan Administrator will determine if such election in Hyatt
Stock may be revoked or modified as determined by the Rules of the Plan and the Company’s insider trading policy as in effect from time to time. 
 7.2 Participant Investment Election. A Participant may, in accordance with the Rules of the Plan, elect to have the amounts credited to his Account allocated to any one or more of the Investment
Funds in such proportions as are permitted by the Plan Administrator or to change any prior investment election. Any Participant investment election shall remain in effect until revoked or modified by the Participant. 
 (a) If amounts credited to an Account are allocated to more than one Investment Fund, changes in proportions due to investment results shall
not require any automatic reallocation between Investment Funds. 
 (b) If a Participant fails or declines to make an investment
election under this Article, then the amounts credited to the Participant’s Account shall be deemed invested in one or more of the Investment Funds, as directed by the Plan Administrator as the default Investment Fund(s). 
 (c) Until distributed, a Participant’s Account shall be deemed to remain invested in the Participant’s elected or designated
Investment Funds. 
 7.3 Investments. Notwithstanding the election by Participants of certain Investment Funds and the
adjustment of their Accounts based on those elections, the Plan does not require, and no trust or other instrument maintained in connection with the Plan shall require, that any assets or amounts which are set aside in trust or otherwise for the
purpose of paying Plan benefits shall actually be invested in the investment alternatives selected by Participants. Participants may instead be credited with earnings equivalents attributable to Investment Fund performance, equal to the hypothetical
earnings and losses, and less hypothetical expenses. 
  

 10 

 ARTICLE 8 
 DISTRIBUTION EVENTS 
 8.1 Distribution Events. The amounts credited
to Participant’s Account shall become payable on his Payment Date following the earliest of the following events: 
 (a)
the Participant’s Death; 
 (b) the Participant’s Disability; 
 (c) the Participant’s Separation from Service; 
 (d) the date as of which the Company terminates the Plan in accordance with Section 11.3; (collectively, the “Distribution Events”); or 
 (e) the date provided in Appendix C for any Prior Plan Accounts. 
 Upon the occurrence of the earliest of the foregoing events, payments to the Participant or the Beneficiary shall commence on his Payment Date in accordance with Article 9. 
 ARTICLE 9 
 PAYMENTS 
 9.1 Payments. Except as provided in Section 9.3 of the Plan, upon the Participant’s
Payment Date, any amounts payable under the Plan that are not attributable to Grandfathered Benefits shall be paid in a lump sum or in substantially equal annual installments over the Installment Payment Period, in accordance with the
Participant’s Distribution Election. Installment payments shall be treated as a single payment for purposes of Code Section 409A. 
 In any situation in which the Plan Administrator is unable to determine the method of payment because of incomplete, unclear or uncertain Participant instructions or if no Distribution Election is on
file, then any amounts in the Participant’s Account not attributable to Grandfathered Benefits will be paid in a lump sum upon the Participant’s Payment Date. 
 Payment of Grandfathered Benefits will be determined under the terms of the Prior Plans as in effect on October 3, 2004. 
 If a Participant’s Account contains Hyatt Stock, then the number of shares of Hyatt Stock in the Participant’s Account as of the Payment Date will be determined and the shares of Hyatt
Corporation Class A common stock will be distributed to the Participant by depositing it into the Participant’s individual brokerage account at the current administrator of the Plan, subject to the Plan’s withholding of the number of
shares of Hyatt Stock to meet tax obligations as noted in Section 13.3. 
 9.2 Installments. 
 (a) The amount of any installment payment to be paid is to be determined by dividing 
  

	 	(i)	the balance of his Account, less any amount attributable to Grandfathered Benefits, as of the last day of the immediately preceding calendar quarter, by

  

 11 

	 	(ii)	the remaining number of installments to be paid. 

 (b) If the Participant dies, either before or after installment payments commence, the balance credited to the Account, less any amount attributable to Grandfathered Benefits, shall be paid to the
Beneficiary in a lump sum on the Payment Date. 
 9.3 Unforeseeable Emergency. 
 (a) Notwithstanding the provisions of Section 8.1 or any election of the Participant to the contrary, in the event of an Unforeseeable
Emergency, the Participant may elect to receive a distribution of all or a part of his Account, less any amount attributable to Grandfathered Benefits, pursuant to the terms of this Section. 
 (b) In the event that the Participant is eligible for a distribution under this Section 9.3 and for distributions under the Prior Plans
with respect to Grandfathered Benefits, then distributions shall first be made from the Participant’s Accounts not including Grandfathered Benefits under this Plan and then from Grandfathered Benefits in accordance with the Prior Plans.

 (c) The Participant shall file a request for a distribution on account of Unforeseeable Emergency in accordance with the
Rules of the Plan. The request shall indicate the nature of the Unforeseeable Emergency, the amount of financial hardship incurred by the Participant as well as whether or not the hardship may be relieved through insurance, cessation of Compensation
deferrals, or through the disposition of other assets. The Plan Administrator, in its sole discretion, shall determine whether or not the Participant satisfies the requirements for a distribution due to an Unforeseeable Emergency. 
 (d) If the Plan Administrator determines that a Participant qualifies for a distribution on account of an Unforeseeable Emergency, then the
amount to be distributed to the Participant shall not exceed an amount necessary to satisfy the hardship resulting from the Unforeseeable Emergency, plus an amount necessary to pay taxes reasonably anticipated as a result of such distribution, all
as determined in the sole discretion of the Plan Administrator after taking into account the extent to which the Participant could satisfy the hardship through reimbursement or compensation by insurance, cessation of Compensation deferrals, or by
liquidation of the Participant’s assets and as otherwise required by Code Section 409A. 
 (e) If a Participant
receives a distribution under this Section, his Deferral Election shall automatically terminate as soon as administratively practicable. Such Participant, if eligible to participate in the Plan pursuant to Article 2, may make a Deferral Election for
a subsequent Plan Year in accordance with Article 3. 
 ARTICLE 10 
 ADMINISTRATION 
 10.1 Plan Administrator. The
Board may appoint an individual or committee to act as the Plan Administrator. In the event no Plan Administrator is appointed, the Company shall act as Plan Administrator. Any committee appointed by the Board as Plan Administrator shall

  

 12 

 
consist of three or more persons who shall serve at the pleasure of the Board. In the event a committee is appointed as Plan Administrator, at all meetings of such committee, a majority of the
members of such committee shall constitute a quorum and the act of a majority of the members present at any meeting at which there shall be a quorum shall be the act of the committee and the committee may authorize any one or more of its members to
execute any document or otherwise act on behalf of the Plan Administrator. 
 10.2 Bookkeeping. The books, records and
accounts to be maintained for the purposes of the Plan shall be maintained by the Company at its expense and subject to the supervision and control of the Plan Administrator. The expenses of administering the Plan shall be paid by the Employers and
the Participants, as determined by the Plan Administrator in its sole discretion from time to time. 
 10.3 Plan
Administrator’s Discretion. The Plan Administrator shall have the power to take all action necessary or appropriate in connection with the general administration of the Plan. Without limiting the generality of the foregoing, the Plan
Administrator may interpret the Plan, determine any facts or resolve any questions relevant to the Plan’s administration, and in connection therewith, remedy and correct any ambiguities, inconsistencies or omissions of the Plan, and appoint and
authorize one or more agents and/or independent contractors to perform any of the required functions and responsibilities of the Plan Administrator. Any such actions taken or determinations made by the Plan Administrator shall be conclusive and
binding on all persons. The Plan Administrator may require the Participant to furnish such information and submit such documents, records, elections and notices, on forms to be provided by the Plan Administrator, as it shall require in order to
administer the Plan. Benefits shall be paid only if the Plan Administrator has determined that the Participant is entitled to them. 
 10.4 Liability. Neither the Company, the Board, the Employers, an individual or member of a committee duly appointed as Plan Administrator, nor any officer or Employee shall be liable to any person for any action taken or omitted in
connection with the formation or administration of this Plan unless attributable to its or his own fraud or willful misconduct. 
 ARTICLE 11 
 AMENDMENT AND TERMINATION 
 11.1 Amendment. The Plan may be amended in whole or in part from time to time by the Board, provided that the Committee, acting by
majority, may make minor or administrative amendments to the Plan or adopt, amend Rules of the Plan. No amendment shall reduce the amount then credited to or otherwise adversely affect a Participant’s Account without the consent of the
Participant or his Beneficiaries who would be affected by such action. 
 11.2 Section 409A. Notwithstanding any
provision to the contrary in the Plan or the Distribution Election, if the Participant is deemed at the time of his Separation from Service to be a Specified Employee, to the extent delayed commencement of any portion of the benefits to which
Participant is entitled under this Plan is required in order to avoid a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code, such portion of Participant’s benefits shall not be paid prior to the earlier of (a) the
expiration of the six-month period measured from the date of the Participant’s Separation from Service or (b) the date of the Participant’s death. Upon the

  

 13 

 
expiration of the applicable Code Section 409A(a)(2)(B)(i) deferral period, all payments deferred pursuant to this Section 11.2 shall be paid in a lump sum to the Participant, and any
remaining payments due under the Plan shall be paid as otherwise provided herein and in the applicable Distribution Election. 
 To the extent applicable, this Plan shall be interpreted in accordance with Code Section 409A and Department of Treasury regulations and other interpretive guidance issued thereunder. If the Company determines that any compensation or
benefits payable under this Plan do not comply with Code Section 409A and related Department of Treasury guidance, the Company shall amend this Plan or take such other actions as the Company deems necessary or appropriate to comply with the
requirements of Code Section 409A. 
 11.3 Termination. 
 (a) While the Plan is intended as a permanent program, the Board shall have the right at any time to declare the Plan terminated completely
as to any or all Employers, or as to any division, facility or other operational unit thereof. Discharge or layoff of Employees of an Employer or any unit thereof without such a declaration shall not result in a termination of the Plan. 

(b) If the Company terminates the Plan, then all other nonqualified deferred compensation account balance plans that must be aggregated
under Code Section 409A with the Plan shall be terminated as well, and all amounts credited to each Participant’s Account shall be distributed in accordance with Treas. Reg. Section 1.409A-3(j)(4)(ix). 
 (c) Any Employer may cease its participation in the Plan at any time, provided that the Employer has made adequate provisions for any amount
payable by it under the terms of the Plan in effect on the date it ceases its participation. If an Employer resolves to cease being a participating employer in the Plan, then each Participant’s Account shall be paid in accordance with Article
9. However, if the Employer terminates the Plan and either (a) does not maintain other nonqualified deferred compensation plans that must be aggregated with the Plan under Code Section 409A or (b) all other nonqualified deferred
compensation plans that must be aggregated with the Plan under Code Section 409A are terminated as well, then all amounts credited to each Participant’s Account shall be distributed in accordance with Treas. Reg.
Section 1.409A-3(j)(4)(ix). 
 ARTICLE 12 
 CLAIMS PROCEDURES 
 12.1 Claims Procedures. Any
Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as “Claimant”) may file a written request for a determination with respect to the amounts distributable to such Claimant from the
Plan. If such a claim relates to the contents of a notice received by the Claimant, the claim must be made within sixty (60) days after such notice was received by the Claimant. The claim must state with particularity the determination desired
by the Claimant. All other claims must be made within one hundred eighty (180) days of the date on which the event that caused the claim to arise occurred. The claim must state with particularity the determination desired by the Claimant.

  

 14 

 Benefits will be paid only if the Plan Administrator determines that the Claimant is
entitled to them. A Participant has 90 days following the denial of a claim for benefits in which to file a lawsuit with respect to the denial. However, no action at law or in equity shall be brought for any benefits under the Plan until the appeal
rights herein provided have been exhausted and the Plan benefits requested in such appeal have been denied in whole or in part. 
 12.2 Claims. The Plan Administrator shall reply to the Claimant within 90 days of receipt of the claim. The Plan Administrator may extend the reply period for an additional 90 days for reasonable cause, and if the reply period is
extended, will notify the Claimant of the length of and the reason for the extension. 
 If the claim is accepted, then the Plan
Administrator shall notify the Claimant that the Plan Administrator’s requested determination has been made, and that the claim has been allowed in full. If the claim is denied in whole or in part, then the Plan Administrator shall adopt a
written opinion, using language calculated to be understood by the Claimant, setting forth: 
 (a) The specific reason or
reasons for such denial; 
 (b) The specific reference to pertinent provisions of the Plan on which such denial is based;

 (c) A description of any additional material or information necessary for the Claimant to perfect his claim and an
explanation why such material or such information is necessary; 
 (d) Appropriate information as to the steps to be taken if
the Claimant wishes to submit the claim for review; and 
 (e) The time limits for requesting a review under the Plan’s
claim procedures 
 12.3 Appeal. Within 60 days after the receipt by the Claimant of the written opinion described above,
the Claimant (or the Claimant’s duly authorized representative) may request in writing that the Plan Administrator review the Plan Administrator’s determination. Such request must be addressed to the Plan Administrator. The Claimant or his
duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Plan Administrator. If the Claimant does not request a review of the Plan Administrator’s
determination by the Plan Administrator of the Company within such 60 day period, he shall be barred and estopped from challenging the Plan Administrator’s determination. 
 12.4 Decision. Within 60 days after the Plan Administrator’s receipt of a request for review, the Plan Administrator will review
the original determination and any additional pertinent materials. After considering all materials presented by the Claimant, the Plan Administrator will render a written opinion, written in a manner calculated to be understood by the Claimant,
setting forth the specific reasons for the decision and containing specific references to the pertinent provisions of this Plan on which the decision is based. If special circumstances require that 60-day time period be extended, the Plan
Administrator will so notify the Claimant and will render the decision as soon as possible, but no later than 120 days after receipt of the request for review. 
  

 15 

 ARTICLE 13 
 MISCELLANEOUS 
 13.1 Notices. Any notice or
document required to be given to or filed with the Plan Administrator shall be considered to be given or filed if mailed by registered or certified mail, postage prepaid, to the Plan Administrator, at the Company’s principal executive offices.

 13.2 Source of Benefits. 
 (a) The Company maintains a grantor trust (the “Trust”) in connection with the Plan and will make contributions to the Trust in accordance with the terms of the trust agreement (the “Trust
Agreement”). 
 (b) Any payment of benefits by the Trust shall be in satisfaction of the corresponding obligations of the
Employers under the Plan. Notwithstanding the establishment of the Trust, and any contributions made by the Employers to the Trust, the Employers shall remain obligated to make all payments of benefits attributable to their respective Employees
under the Plan, except to the extent such payments are made by the Trust in accordance with the Trust Agreement. 
 (c) The
obligations of the Employers under the Plan shall be unfunded and unsecured, and nothing contained in this Plan shall be construed as providing for assets to be held in trust or escrow or any other form of segregation of the assets of the Employers
for the benefit of any Participant or any other person or persons to whom benefits are to be paid pursuant to the terms of the Plan. The interest of any Participant or any other person hereunder shall be limited to the right to receive the benefits
as set forth in the Plan. To the extent that a Participant or any other person acquires a right to receive benefits under the Plan, such rights shall be no greater than the rights of an unsecured general creditor of the Employers. 
 13.3 FICA and Other Taxes. 
 (a) For each Plan Year in which a Participant’s Account is credited with Compensation deferrals, the Employer shall withhold from that portion of the Participant’s Compensation that is not being
deferred, in a manner determined by the Employer, the Participant’s share of FICA and other employment taxes on such deferred Compensation. If necessary, the Plan Administrator may reduce the Participant’s Deferral Election in order to
comply with this Section 13.3. 
 (b) When a Participant’s Account is credited with Employer Credits or a benefit
transferred pursuant to Section 3.5, the Employer shall withhold from the Participant’s Compensation that is not deferred, in a manner determined by the Employer, the Participant’s share of FICA and other employment taxes on such
amounts. Notwithstanding the foregoing, the Plan Administrator may, in its discretion, instead accept a cash payment from the Participant or reduce the Participant’s Account in an amount necessary to satisfy the Participant’s share of FICA
and other employment taxes. 
 (c) The Employer, or the trustee of the Trust, shall withhold from any payments made to a
Participant under this Plan all Federal, state and local income, employment and other taxes required to be withheld by the Employer, or the trustee of the Trust, in connection with such payments, in amounts and in a manner to be determined in the
sole discretion of the Employer and the trustee of the Trust. 
  

 16 

 (d) Any reduction or acceleration of payment under the Plan pursuant to this
Section 13.3 shall be administered in accordance with Treas. Reg. Section 1.409A-3(j)(4)(vi). 
 13.4 Plan Not
Contract of Employment. Neither the action of the Company in establishing or maintaining the Plan, nor any action taken by the Employers, the Board, the Plan Administrator or any individual or member of the Committee, nor any provision of the
Plan shall give a Participant any right to be retained as an Employee. The Plan does not constitute a contract of employment, and nothing in the Plan will give any Employee or Participant the right to be retained in the employ of any Employer, or
any right or claim to any benefit under the Plan, except to the extent specifically provided under the terms of the Plan. 
 13.5 Applicable Law. The laws of the State of Illinois shall govern in resolving any questions arising under the Plan. 
 13.6 Non-Alienation. Benefits payable to any person under the Plan may not be voluntarily or involuntarily assigned, alienated, pledged or subject to attachment, anticipation, garnishment, levy, execution or other legal or equitable
process except to the extent required by a domestic relations order that is issued under a state domestic relations law (including a community property law) that is not preempted by ERISA or except by will or the laws of descent and distribution.
Notwithstanding any other provision of the Plan to the contrary, such domestic relations order may permit distribution of the entire vested portion of the Participant’s Account which is payable to the Participant’s spouse or former spouse,
in a lump sum payment as soon as practicable after the Plan Administrator receives an acceptable order, without regard to whether the Participant would himself be entitled under the terms of the Plan to withdraw or receive a distribution of such
amount at that time. 
 13.7 Adoption by Employers. The Plan may, with the written consent of the Company, be adopted by
any other corporation, partnership, joint venture or other employer, whether or not a member of a controlled group with the Company. 
 13.8 Gender and Number. Where the context admits, words in any gender shall include any other gender, words in the singular shall include the plural and the plural shall include the singular. 
  

 17 

			
	HYATT CORPORATION
		
	By:	 	 /s/ Mark S. Hoplamazian

		
	Its:	 	 President and Chief Executive Officer

  

 18 

 Appendix A 
 The following are Associated Employers of the Company if a Participant was employed by such entity prior to his or her employment with an
Employer, with no intervening employment with a non-Associated Employer: 
 Classic Residence by Hyatt 
 FMG, Inc. 
 Grand Victoria Casino &
Resorts, L.P. 
 H Group Holding, Inc. 
 HCC Corporation 
 Hyatt Gaming Management, Inc. 
 Red Sail Waikoloa, L.P. 
  

 19 

 Appendix B 
 Each of the following entities is an Employer as described in Section 1.19 of the Plan: 
 Hyatt Hotels Corporation 
 Burvan Hotel Associates 
 HyCanada, Inc. 
 Cerromar Development Partners, L.P. 
 Grand Toronto Venture, L.P.

 HTS Loan Servicing, Inc. 
 HTS San Antonio, L.P. 
 Hyatt Foreign Employment Services, Inc. 
 Hyatt Corporation

 Hyatt Hotels Corporation of Kansas 
 Hyatt International Corporation 
 Hyatt International Technical Services, Inc. 
 Hyatt Louisiana, LLC, as agent of DTRS New Orleans, LLC, d/b/a Hyatt Regency New Orleans 
 Hyatt Sales, Inc. 
 Hyatt Vacation Management Corporation 
 Hyatt Vacation Marketing
Corporation 
 Hyatt Vacation Ownership Inc. 
 Marion Reservations Center, L.L.C. 
 RCG Properties, LLC 
 Rosemont Project Mgmt, LLC 
 Select Hotels Group, LLC 

Hyatt International Sales Limited 
  

 20 

 Appendix C 
 Installment Payout Periods, Payment Dates and Vesting 
 Notwithstanding anything contained in the Plan to the contrary, the provisions of this Appendix C shall govern the Installment Payout Period, Payment Dates and Vesting of all Transferred Amounts credited to a Participant’s Prior Plan
Accounts. Provisions of this Appendix C shall govern the Prior Plan Accounts in the event that there are any inconsistencies between the main Plan document and this Appendix C. 
 DSP 
 Installment Payout Period 
 For Distribution Elections made under the DSP prior to the Effective Date (December 14, 2007), the Installment Payout Period means a period
of up to fifteen (15) years. Modifications are subject to the provisions of subsection 3.2(b). 
 Payment Date 
 See subsection 1.31 
 Vesting

 See subsection 6.1 
 RDICP 
 Installment Payout Period 
 Non-Grandfathered Accounts. For Distribution Elections made by the Participant under the RDICP prior to May 3, 2010, the Installment Payment Period means a period of up to fifteen
(15) years. Modifications are subject to the provisions of subsection 3.2(b). 
 Grandfathered Accounts. For
Distribution Elections made by the Participant under the RDICP prior to May 3, 2010, the Installment Payment Period means a period of up to fifteen (15) years. The Participant may modify such election, however, such election shall not
become effective until the first day of the second calendar year following the calendar year in which the election is filed with the Administrator. 
 Payment Date 
 The Payment Date shall be the later of: (i) within ninety (90) days following the date of the
Participant’s first Distribution Event, (ii) the six month anniversary of the Participant’s first Distribution Event, if the Participant is a Specified Employee; or (iii) attainment of age 55 with at least 10 years of service
with an Employer. Notwithstanding the foregoing provision, if a Participant’s employment is terminated for cause as determined by the applicable Employer in its sole discretion, all amounts otherwise payable to or on account of the Participant
under the Plan shall be immediately forfeited. 
  

 21 

 Vesting 
 All Participants are fully vested. 
 RDICP II 
 Installment Payout Period 
 Non-Grandfathered Accounts. For Distribution Elections made by the Participant under the RDICP prior to May 3, 2010, the Installment Payment Period means a period of up to fifteen (15) years. Modifications are
subject to the provisions of subsection 3.2(b). 
 Grandfathered Accounts. For Distribution Elections made by the
Participant under the RDICP prior to May 3, 2010, the Installment Payment Period means a period of up to fifteen (15) years. The Participant may modify such election, however, such election shall not become effective until the first day of
the second calendar year following the calendar year in which the election is filed with the Administrator. 
 Payment Date 

The Payment Date shall be the later of: (i) within ninety (90) days following the date of the Participant’s first Distribution Event, or
(ii) the six month anniversary of the Participant’s first Distribution Event, if the Participant is a Specified Employee. Notwithstanding the foregoing provision, if a Participant’s employment is terminated for cause as determined by
the applicable Employer in its sole discretion, all amounts otherwise payable to or on account of the Participant under the Plan shall be immediately forfeited. 
 Vesting 
  

			
	 Age
	  	 % of Account to be Paid

	Less than 55	  	0% of Account
	55	  	50% of Account
	56	  	60% of Account
	57	  	70% of Account
	58	  	80% of Account
	59	  	90 % of Account
	60	  	100% of Account
	Any Age if terminated by the Company without cause or due to Death or Disability	  	100% of Account

 GHDIP 
 Installment Payment Period 
 Not Applicable

  

 22 

 Payment Date 
 See subsection 1.31 
 Vesting 
 Awards made in 2008 or prior: 
 A Participant will become 100% vested in his Account on May 3, of the year in which the Participant will complete five (5) Years of Service in the GHDIP or this Plan from the date of merger. Participant will be 100% vested in his
Account if he either dies or has a Disability prior to his termination of employment with the Company. However, a Participant will be 0% vested in his Account and shall forfeit his entire Account balance, regardless of his number of Years of
Service, on the date that he terminates employment with the Company if his employment is terminated for cause, as determined by the Company in its sole discretion, or he engages in conduct which violates any terms or conditions of his employment,
including terms and conditions relating to competition and disclosure of confidential information after termination of employment. 
 Awards made in 2009: 
 Participant will become twenty-five percent (25%) vested in each
year’s Award on each of the first four (4) anniversaries from the date of the Award, which is deemed to be April 1st of the calendar year in which the Award is credited to the Account of the Participant. For example, an Award credited
to a Participant’s Account in the year 2009 (based on 2008 performance), will be 25% vested on April 1, 2010, 50% vested on April 1, 2011, 75% vested on April 1, 2012, and 100% vested on April 1, 2013. 
 International RDICP 
 Installment
Payout Period 
 Non-Grandfathered Accounts. For Distribution Elections made by the Participant under the RDICP
prior to May 3, 2010, the Installment Payment Period means a period of up to fifteen (15) years. Modifications are subject to the provisions of subsection 3.2(b). 
 Grandfathered Accounts. For Distribution Elections made by the Participant under the RDICP prior to May 3, 2010, the
Installment Payment Period means a period of up to fifteen (15) years. The Participant may modify such election, however, such election shall not become effective until the first day of the second calendar year following the calendar year in
which the election is filed with the Administrator. 
  

 23 

 Payment Date 
 The Payment Date shall be the later of: (i) within ninety (90) days following the date of the Participant’s first Distribution Event, (ii) the six month anniversary of the
Participant’s first Distribution Event, if the Participant is a Specified Employee; or (iii) attainment of age 55 with at least 10 years of service with an Employer. Notwithstanding the foregoing provision, if a Participant’s
employment is terminated for cause as determined by the applicable Employer in its sole discretion, all amounts otherwise payable to or on account of the Participant under the Plan shall be immediately forfeited. 
 Vesting 
 All Participants are fully vested.

 International RDICP II 
 Installment Payout Period 
 For elections in force prior to December 31, 2005, Installment Payment Period means a number of
annual installments as elected by the Participant, provided the installments are completed by the age of 60 for the Participant. In the event of Death, installments will be converted to a lump sum payment to the beneficiary or the estate of the
Participant if there is no beneficiary. 
 Payment Date 
 The Payment Date shall be the later of: (i) within ninety (90) days following the date of the Participant’s first Distribution Event, or (ii) the six month anniversary of the
Participant’s first Distribution Event, if the Participant is a Specified Employee. Notwithstanding the foregoing provision, if a Participant’s employment is terminated for cause as determined by the applicable Employer in its sole
discretion, all amounts otherwise payable to or on account of the Participant under the Plan shall be immediately forfeited. 
 Vesting 

  

					
	 Age
	  	 Years of Service
	  	 % of Account to Be Paid

	Less than 55, if termination is due to resignation of Employee	  	Not Applicable	  	0% of Account
	55 or greater	  	Less than 5	  	0% of Account
	55	  	5 or more	  	50% of Account
	56	  	6 or more	  	60% of Account
	57	  	7 or more	  	70% of Account
	58	  	8 or more	  	80% of Account
	59	  	9 or more	  	90 % of Account
	60	  	10 or More	  	100% of Account
	Any Age if terminated by the Company without cause or due to Death or Disability	  	Not Applicable	  	100% of Account

  

 24

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