Document:

The Charles Schwab Corporation Executive Bonus Plan, as amended.

 Exhibit 10.308 
 The Charles Schwab Corporation 
 Corporate Executive Bonus Plan 
 (As Amended and Restated as of February 23, 2005) 
 (Approved by Stockholders on May 19, 2005) 
 (Amended and Restated December 12, 2007) 

SECTION 1.     PURPOSE OF THE PLAN 
 The Charles Schwab Corporation Corporate Executive Bonus Plan (the “Plan”) is established to promote the interests of The Charles Schwab Corporation and its Subsidiaries (collectively the
“Company”), by creating an incentive program to (a) attract and retain employees with outstanding competencies who will strive for excellence (b) motivate those individuals to exert their best efforts on behalf of the Company by
providing them with compensation in addition to their base salaries; and (c) further the identity of interests of such employees with those of the Company’s stockholders through a strong performance-based reward system. 
 SECTION 2.     ADMINISTRATION OF THE PLAN 
 The Compensation Committee of the Board of Directors of the Company (the “Committee”) shall administer the Plan. The Committee shall be composed solely of two or more “outside directors” within the
meaning of Treasury Regulations Section 1.162-27 (or any successor regulation) and shall be appointed pursuant to the Bylaws of the Company. The members of the Committee shall be ineligible for awards under this Plan for services performed
while serving on the Committee. The Committee shall have discretionary authority to interpret the Plan, establish rules and regulations to implement the Plan, and make all determinations deemed necessary or advisable for the administration of the
Plan, in its sole discretion. Decisions of the Committee shall be final and binding on all parties who have an interest in the Plan. 
 SECTION 3.
    ELIGIBILITY FOR AWARDS 
 (a) Eligibility Requirements. Awards under the Plan may be granted by the Committee to
those Employees on the Executive Committee or holding Executive Vice President or comparable executive-level positions with the Company. Except in the event of retirement, death, or disability, an individual in these positions shall be eligible to
participate in the Plan if he or she is an Employee of the Company on the last day of the performance period. An individual who is on a leave of absence shall remain eligible, but his or her award shall be adjusted as provided in Section 4(g).

 (b) Definition of Employee. For purposes of the Plan, an individual shall be considered an “Employee” if he or she is employed
by the Company or other business entity in which the Company 

 
shall directly or indirectly own, at the time of determination, stock possessing 50% or more of the total combined voting power of all classes of stock or
other ownership interest (each a “Subsidiary”). No award may be granted to a member of the Company’s Board of Directors except for services performed as an employee of the Company. 
 SECTION 4.     BONUS AWARDS 
 (a) Form of Awards. Bonus awards under this Plan shall be paid in cash, less applicable withholdings and deductions. 
 (b) Target
Award Amounts. Target award amounts shall be based on a percentage of each eligible Employee’s annual base salary for each performance period as determined by the Committee in its sole discretion no later than 90 days after the commencement of
such performance period but in no event after 25% of the performance period has elapsed. 
 (c) Bonus Formula. The formula used to determine
bonus awards for each eligible Employee shall be determined according to a matrix or matrices that shall be adopted by the Committee within 90 days of the commencement of each performance period but in no event after 25% of the performance period
has elapsed. The matrix or matrices may be different for each eligible Employee and shall be based on one or more objective performance criteria to be selected by the Committee from among the following: pre-tax operating profit margin, pre-tax
reported profit margin, after-tax operating profit margin, after-tax reported profit margin, pre-tax operating profits, pre-tax reported profits, cash flow, revenues, revenue growth, operating revenue growth, client net new asset growth, return on
assets, return on equity, return on investment, stockholder return and/or value, earnings per share, conversions of and/or increase in client assets, sales (of products, offers, or services) and changes between years or periods that are determined
with respect to any of the above-listed performance criteria. Performance criteria may be measured solely on a corporate, subsidiary, enterprise or business unit basis, or a combination thereof. Further, performance criteria may reflect absolute
entity performance or a relative comparison of entity performance to the performance of a peer group of entities or other external measure of the selected performance criteria. The formula for any such award may include or exclude items to measure
specific objectives, such as losses from discontinued operations, extraordinary gains or losses, the cumulative effect of accounting changes, acquisitions or divestitures, foreign exchange impacts and any unusual, nonrecurring gain or loss, and will
be based on accounting rules and related Company accounting policies and practices in effect on the date the formula is approved by the Committee. Awards shall be determined by applying the bonus formula to the target award amount of each eligible
Employee. Except in the case of the Chief Executive Officer, payouts described in this subsection shall be calculated and paid on the basis of a quarterly or annual performance period, or a combination thereof, as determined by the Committee in its
sole discretion. In the case of the Chief Executive Officer, payouts described in this subsection shall be made on an annual basis, based on the Company’s results for the full year. Bonus awards for any eligible Employee shall not be provided
under this Plan if such awards are separately determined under an employment agreement or other arrangement. 
 (d) Maximum Award Amounts.
The maximum award that may be paid to any eligible Employee (other than the Chief Executive Officer) 

  

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under this Plan for any calendar year shall not exceed $8 million. The maximum award that may be paid to the Chief Executive Officer under this Plan for any
calendar year shall not exceed $15 million. 
 (e) Power to Reduce Bonus Amounts. Notwithstanding anything to the contrary contained in this
Plan, the Committee shall have the power, in its sole discretion, to reduce the amount payable to any eligible Employee including the Chief Executive Officer (or to determine that no amount shall be payable to such eligible Employee) with respect to
any award prior to the time the amount otherwise would have become payable hereunder. Such reductions may be based upon the recommendations of the Chief Executive Office. In the event of such a reduction, the amount of such reduction shall not
increase the amounts payable to other eligible Employees under the Plan. 
 (f) Entitlement to Bonus. No eligible Employee shall earn any
portion of a bonus award under the Plan until the last day of the relevant performance period and only if the Committee has approved the bonus award and, to the extent required by section 162(m) of the Internal Revenue Code of 1986, as amended (the
“Code”), has certified that the applicable performance criteria have been satisfied. 
 (g) Termination of Employment and Leaves of
Absence. Except in the event of retirement, death, or disability, if an Employee ceases to be employed by the Company for any reason on or before the date when the bonus is earned, then he or she shall not earn or receive any bonus under the Plan.
If an eligible Employee is on a leave of absence for a portion of the relevant performance period, the bonus to be awarded shall be prorated to reflect only the time when he or she was actively employed and not any period when he or she was on
leave. In the event of retirement, death, or disability before the last day of the relevant performance period, the Committee shall have the sole discretion to award any bonus. 
  

	SECTION 5.	PAYMENT OF BONUS AWARDS 

 Bonus awards shall be paid to
each eligible Employee within ninety (90) days after the close of the performance period, regardless of whether the individual has remained in Employee status through the date of payment. 
  

	SECTION 6.	    GENERAL PROVISIONS 

 (a) Plan
Amendments. The Committee may at any time amend, suspend or terminate the Plan, provided that it must do so in a written resolution and such action shall not adversely affect rights and interests of Plan participants to individual bonuses allocated
prior to such amendment, suspension or termination. Stockholder approval shall be obtained for any amendment to the extent necessary and desirable to qualify the awards hereunder as performance-based compensation under section 162(m) of the Code and
to comply with applicable laws, regulations or rules. 
 (b) Benefits Unfunded. No amounts awarded or accrued under this Plan shall be
funded, set aside or otherwise segregated prior to payment. The obligation to pay the bonuses awarded hereunder shall at all times be an unfunded and unsecured obligation of the Company. Eligible Employees shall have the status of general creditors
and shall look solely to the general assets of the Company for the payment of their bonus awards. 
  

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 (c) Benefits Nontransferable. No eligible Employee shall have the right to alienate, pledge or encumber
his or her interest in this Plan, and such interest shall not (to the extent permitted by law) be subject in any way to the claims of the Employee’s creditors or to attachment, execution or other process of law. 
 (d) No Employment Rights. No action of the Company in establishing the Plan, no action taken under the Plan by the Committee and no provision of the Plan
itself shall be construed to grant any person the right to remain in the employ of the Company or its subsidiaries for any period of specific duration. Rather, each Employee will be employed “at will,” which means that either such Employee
or the Company may terminate the employment relationship at any time and for any reason, with or without cause or notice. Only the Chief Executive Officer has the authority to enter into an agreement on any other terms, and he or she can only do so
in a writing signed by him or her. No Employee shall have the right to any future award under the Plan. 
 (e) Exclusive Agreement. This Plan
document is the full and complete agreement between the eligible Employees and the Company on the terms described herein. 
 (f) Governing
Law. The Plan and any actions taken in connection herewith shall be governed by and construed in accordance with the laws of the state of Delaware (without regard to applicable Delaware principles of conflict of laws). 
  

 4Form of Notice and Premium-Priced Stock Option Agreement.

 Exhibit 10.309 
 THE CHARLES SCHWAB CORPORATION 
 2004 STOCK INCENTIVE PLAN 
 NOTICE OF PREMIUM-PRICED STOCK OPTION GRANT 
 You have
been granted the following option to purchase Common Stock of The Charles Schwab Corporation (“Schwab”) under the Charles Schwab Corporation 2004 Stock Incentive Plan (the “Plan”): 

 

			
		
	 Name of Grantee:
	  	
		
	 Total Number of Shares Granted:
	  	
		
	 Exercise Price Per Share:
	  	$
		
	 Grant Date:
	  	
		
	 Expiration Date:
	  	
		
	 Vesting Schedule:
	  	So long as you remain in service in good standing and subject to the terms of the Premium-Priced Stock Option Agreement, you will acquire the right to exercise this option (become
“vested” in this option) on the following dates and in the following amounts:

  

			
	Number of Shares on Vesting Date
	 Percentage of the Total
Number of Shares
Granted under this
Option That Will Vest
	 	 Vesting Date

	25%	 	1st Anniversary of Grant Date
	25%	 	2nd Anniversary of Grant Date
	25%	 	3rd Anniversary of Grant Date
	25%	 	4th Anniversary of Grant Date

 You and Schwab agree that this option is granted under and governed by the terms and conditions of the Plan and the
Premium-Priced Stock Option Agreement, both of which are made a part of this notice. Please review the Premium-Priced Stock Option Agreement and the Plan carefully, as they explain the terms and conditions of this option. You agree that Schwab may
deliver electronically all documents relating to the Plan or this option (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that Schwab is required to deliver to its stockholders.
By accepting this award, you agree to all of the terms and conditions described above, in the Premium-Priced Stock Option Agreement and in the Plan, and you have no right whatsoever to change or negotiate such terms and conditions. 
 THE CHARLES SCHWAB CORPORATION 
 2004
STOCK INCENTIVE PLAN 
 PREMIUM-PRICED STOCK OPTION AGREEMENT 
  

			
	Tax Treatment	  	This option is a nonqualified stock option and is not intended to qualify as an incentive stock option under federal tax laws.
		
	Vesting	  	Subject to the provisions of this Agreement, this option becomes vested as provided in the Notice of Premium-Priced Stock Option Grant, of which this Premium-Priced Stock Option Agreement is a
part. In no event will additional shares under this option vest after your service terminates for any reason. For all purposes of this Agreement, “service” means continuous employment as a common-law employee of Schwab or a
parent company or subsidiary of Schwab, and “subsidiary” means a subsidiary corporation as defined in section 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”).
		
	Accelerated Vesting	  	 This option will become fully exercisable if your service terminates on account of your death or disability. This option also will become fully
exercisable if your service terminates on account of your retirement provided that your retirement occurs at least two years after the Grant Date indicated in the Notice of Premium-Priced Stock Option Grant.
  
 If, prior to the date your service terminates, Schwab is subject to a “change
in control” (as defined in the Plan document), this option will become fully exercisable immediately preceding the change in control. If Schwab’s Compensation Committee (or its delegate) (the “Compensation
Committee”) determines that a change in control is likely to occur, Schwab will advise you and this option will become fully exercisable as of the date 10 days prior to the anticipated date of the change in
control.

  

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		  	If you are entitled to severance benefits under The Charles Schwab Severance Pay Plan (or any successor plan), then all or a portion of your option may be eligible for accelerated vesting under
the terms of that plan.
		
	Definition of Disability	  	For all purposes of this Agreement, “disability” means that you have a disability such that you have been determined to be eligible for benefits under Schwab’s
long-term disability plan.
		
	Definition of Retirement	  	 If you are an employee of Schwab and its subsidiaries, retirement” means termination of service for any reason other than death at
any time after you attain age 55, but only if, at the time of your termination, you have been credited with at least 10 years of service.
  
 The phrase “years of service” above has the same meaning given to it under the SchwabPlan Retirement Savings and Investment Plan (or
any successor plan).

		
	Exercise Procedures	  	You or your representative may exercise this option by following the procedures prescribed by Schwab. If this option is being exercised by your representative, your representative must furnish
proof satisfactory to Schwab of your representative’s right to exercise this option. After completing the prescribed procedures, Schwab will cause to be issued the shares purchased, which will be registered in the name of the person exercising
this option.
		
	Forms of Payment	  	 When you submit your notice of exercise, you must include payment of the option exercise price for the shares you are purchasing. Payment may be made
in one of the following forms:
  
 •        Cash, your personal check, a cashier’s check or a money order.
  
 •        Shares of Schwab stock that are surrendered to Schwab. These shares will be
valued at their fair market value on the date when the new shares are purchased.
  
 •        By delivery (in a manner prescribed by Schwab) of an irrevocable direction
to Charles Schwab & Co., Inc. to sell shares of Schwab stock (including shares to be issued upon exercise of this option) and to deliver all or part of the sale proceeds to Schwab in payment of all or part of the exercise
price.

		
	Term	  	This option expires no later than the Expiration Date specified in the Notice of Premium-Priced Stock Option Grant but may expire earlier upon your termination of service, as described below.

  

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	Termination of Service	  	 This option will expire on the date three months following the date of your termination of service for any reason other than on account of death,
disability or retirement. The terms “service,” “disability” and “retirement” are defined above.
  
 If your service terminates by reason of your disability or death, then this option will expire on the first anniversary of the date of your death or
disability.
  
 If your service terminates by reason of your retirement, then this option
will expire on the second anniversary of the date of your retirement.

		
	Cancellation of Options	  	To the fullest extent permitted by applicable laws, this option will immediately be cancelled and expire in the event that Schwab terminates your employment on account of conduct contrary to the
best interests of Schwab, including, without limitation, conduct constituting a violation of law or Schwab policy, fraud, theft, conflict of interest, dishonesty or harassment. The determination whether your employment has been terminated on account
of conduct contrary to the best interests of Schwab shall be made by Schwab in its sole discretion.
		
	Withholding Taxes and Stock Withholding	  	You will not be allowed to exercise this option unless you make arrangements acceptable to Schwab to pay any applicable withholding of income and employment taxes that may be due as a result of
the option exercise. With Schwab’s consent, these arrangements may include without limitation withholding shares of Schwab stock that otherwise would be issued to you when you exercise this option.
		
	Restrictions on Exercise and Issuance or Transfer of Shares	  	You cannot exercise this option and no shares of Schwab stock may be issued under this option if the issuance of shares at that time would violate any applicable law, regulation or rule. Schwab
may impose restrictions upon the sale, pledge or other transfer of shares (including the placement of appropriate legends on stock certificates) if, in the judgment of Schwab and its counsel, such restrictions are necessary or desirable to comply
with applicable law, regulations or rules.
		
	Stockholder Rights	  	You, or your estate or heirs, have no rights as a stockholder of Schwab until you have exercised this option by giving the required notice to Schwab and paying the exercise price. No adjustments
are made for dividends or other rights if the applicable record date occurs before you exercise this option, except as described in the Plan.
		
	No Right to Employment	  	Nothing in this Agreement will be construed as giving you the right to be retained as an employee, consultant or director of Schwab and its subsidiaries for any specific duration or at
all.

  

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	Transfer of Option	  	 In general, only you may exercise this option prior to your death. You may not transfer or assign this option, except as provided below. For
instance, you may not sell this option or use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this option in your will or in a beneficiary designation.

  
 You may transfer this option as a gift to one or more family members. For this
purpose, “family member “ means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father- in-law, son-in-law, daughter-in-law, brother-in-law or
sister-in-law (including adoptive relationships), any individual sharing your household, e.g., a domestic partner, other than a tenant or employee, a trust in which one or more of these individuals have more than 50% of the beneficial interest, a
foundation in which you or one or more of these persons control the management of assets, and any entity in which you or one or more of these persons own more than 50% of the voting interest.
  
 Schwab may, in its sole discretion, allow you to transfer this option under a domestic relations
order in settlement of marital or domestic property rights.
  
 In order to transfer this
option, you and the transferee(s) must execute the forms prescribed by Schwab, which include the consent of the transferee(s) to be bound by this Agreement.

		
	Limitation on Payments	  	 If a payment from the Plan would constitute an excess parachute payment or if there have been certain securities law violations, then your award
may be reduced or cancelled and you may be required to disgorge any profit that you have realized from your award.
  
 If a disqualified individual receives a payment or transfer under the Plan that would constitute an excess parachute payment under the Code, such payment will be reduced, as described below. Generally, someone is a
“disqualified individual” if he or she is (a) an officer of Schwab, (b) a member of the group consisting of the highest paid 1% of the employees of Schwab or, if less, the highest paid 250 employees of Schwab, or (c) a 1%
stockholder of Schwab. For purposes of the section on “Limitation on Payments,” the term “Schwab “ will include affiliated corporations to the extent determined by the Auditors in accordance with section 280G(d)(5)
of the Code.
  
 In the event that the independent auditors most recently selected by the
Schwab Board of Directors (the “Auditors”) determine that any payment or transfer in the nature of compensation to or for your benefit, whether paid or payable (or transferred or transferable) pursuant to the terms of the
Plan or otherwise (a “Payment “), would be

  

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		  	 nondeductible for federal income tax purposes because of the provisions concerning “excess parachute payments” in section 280G of the
Code, then the aggregate present value of all Payments will be reduced (but not below zero) to the Reduced Amount; provided, however, that the Compensation Committee may specify in writing that the award will not be so reduced and will not be
subject to reduction under this section.
  
 For this purpose, the “Reduced
Amount” will be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be nondeductible by Schwab because of section 280G of the Code.
  
 If the Auditors determine that any Payment would be nondeductible because of section 280G of the
Code, then Schwab will promptly give you notice to that effect and a copy of the detailed calculation and of the Reduced Amount. You may then elect, in your discretion, which and how much of the Payments will be eliminated or reduced (as long as
after such election, the aggregate present value of the Payments equals the Reduced Amount). You will advise Schwab in writing of your election within 10 days of receipt of the notice. If you do not make such an election within the 10-day period,
then Schwab may elect which and how much of the Payments will be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount). Schwab will notify you promptly of its election. Present
value will be determined in accordance with section 280G(d)(4) of the Code. The Auditors’ determinations will be binding upon you and Schwab and will be made within 60 days of the date when a Payment becomes payable or transferable.

 
 As promptly as practicable following these determination and elections, Schwab will pay or
transfer to or for your benefit such amounts as are then due to you under the Plan, and will promptly pay or transfer to or for your benefit in the future such amounts as become due to you under the Plan.
  
 As a result of uncertainty in the application of section 280G of the Code at the time of an initial
determination by the Auditors, it is possible that Payments will have been made by Schwab which should not have been made (an “Overpayment”) or that additional Payments which will not have been made by Schwab could have been
made (an “Underpayment”), consistent in each case with the calculation of the Reduced Amount. In the event that the Auditors, based upon the assertion of a deficiency by the Internal Revenue Service against you or Schwab
which the Auditors believe has a high probability of success, determine that an Overpayment has been made, such Overpayment will be treated for all purposes as a loan to you which you will repay to

  

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		  	Schwab on demand, together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code. However, no amount will be payable by you to Schwab if and to the extent that
such payment would not reduce the amount which is subject to taxation under section 4999 of the Code. In the event that the Auditors determine that an Underpayment has occurred, such Underpayment will promptly be paid or transferred by Schwab to or
for your benefit, together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code.
		
	Claims Procedure	  	You may file a claim for benefits under the Plan by following the procedures prescribed by Schwab. If your claim is denied, generally you will receive written or electronic notification of the
denial within 90 days of the date on which you filed the claim. If special circumstances require more time to make a decision about your claim, you will receive notification of when you may expect a decision. You may appeal the denial by submitting
to the Plan Administrator a written request for review within 30 days of receiving notification of the denial. Your request should include all facts upon which your appeal is based. Generally, the Plan Administrator will provide you with written or
electronic notification of its decision within 90 days after receiving the review request. If special circumstances require more time to make a decision about your request, you will receive notification of when you may expect a
decision.
		
	Plan Administration	  	The Plan Administrator has discretionary authority to make all determinations related to this option and to construe the terms of the Plan, the Notice of Premium- Priced Stock Option Grant and
this Agreement. The Plan Administrator’s determinations are conclusive and binding on all persons.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in Schwab stock, the Compensation Committee shall adjust the number of shares covered by this option and the exercise price
per share.
		
	Severability	  	In the event that any provision of this Agreement is held invalid or unenforceable, the provision will be severable from, and such invalidity or unenforceability will not be construed to have
any effect on, the remaining provisions of this Agreement.
		
	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions), as such laws are applied to contracts entered into and
performed in Delaware.
		
	The Plan and Other Agreements	  	The text of the Plan is incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding

  

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		  	between you and Schwab regarding this option. Any prior agreements, commitments or negotiations concerning this option are superseded. This Agreement may be amended only by another written
agreement approved by the Compensation Committee and signed by both parties. If there is any inconsistency or conflict between any provision of this Agreement and the Plan, the terms of the Plan will control. Nothing in this Agreement gives you the
ability to negotiate or change the key terms and conditions described above, in the Notice of Premium-Priced Stock Option Grant and in the Plan.

  

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