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EXHIBIT 10.20

Schedule of Non-Employee Directors’ Annual Compensation

Effective January 1, 2022

															
	Annual compensation for Board service
	Role		Cash		Equity
	Non-employee directors		$100,000		$235,000
	Non-executive Chairman of the Board		$87,500		$87,500
					
	Additional compensation for committee service
	Committee		Chair		Member
	Audit		$35,000		$17,500
	HRCC		$30,000		$15,000
	NCG		$25,000		$12,500
	Risk Subcommittee		$25,000		$12,500

Cash compensation is paid in advance in January for the first half of the year and in arrears in December for the second half of the year. The annual retainer and any committee retainer fees are prorated for partial year Board or committee service. Under the Mastercard Incorporated Deferral Plan, directors are eligible to defer all or part of their cash compensation into a non-qualified deferred compensation arrangement. Directors who elect to defer cash compensation receive earnings on their deferrals based on investment elections. None of the investment options provides returns considered to be above-market or preferential.

Annual stock grants are awarded upon a director's election on the date of the annual meeting of stockholders, are immediately vested with a four-year transfer restriction, and are in the form of restricted stock or deferred stock units. Each director selects the form of his or her award during an annual election process. Directors elected to the board outside of the annual meeting of stockholders are granted a prorated equity award.Document

EXHIBIT 10.29

Eleventh Amendment
To The
American Express Retirement Restoration Plan
WHEREAS, pursuant to its delegation powers, the Compensation and Benefits Committee (the “CBC”) of the Board of Directors of American Express Company (the “Company”) has authorized the Executive Vice President, Colleague Total Rewards & Well-Being of the Company to amend the American Express Retirement Restoration Plan (the “Plan”) to make administrative changes that do not materially change the level of benefits under the Plan; and
WHEREAS, the undersigned Executive Vice President, Colleague Total Rewards & Well-Being, deems it reasonably necessary and appropriate to make the amendments set forth below; now
THEREFORE, the Plan is hereby amended as set forth below:
1.  Section 2.1(g) of the Plan is amended in its entirety, effective immediately, to read as follows:
            (g)       “Base Salary” means Total Pay as defined in the RSP, but excluding Incentive Pay and non-qualified deferred compensation (this exclusion being intended to prevent duplication and to exclude other types of nonqualified deferred compensation, but by way of clarification not being intended to prevent Deferral Benefits from being taken from Base Salary or the add-back of amounts contributed as Deferral Benefits when Company contributions under this Plan are calculated as provided herein).
2.  Section 2.1(y) of the Plan is amended in its entirety, effective immediately, to read as follows:
            (y)       “Incentive Pay” means Total Pay as defined in the RSP that is overtime, annual incentive cash award, or any other incentive cash award, but excluding non-qualified deferred compensation (this exclusion being intended to prevent duplication and to exclude other types of nonqualified deferred compensation, but by way of clarification not being intended to prevent Deferral Benefits from being taken from Incentive Pay or the add-back of amounts contributed as Deferral Benefits when Company contributions under this Plan are calculated as provided herein). The Committee reserves the right, in its discretion, to designate additional or different items as “Incentive Pay” for purposes of the Plan; provided, however, that no such designation may impact the amounts to be deferred under a Deferral Election already in effect except to the extent that such an impact is (i) permitted by Section 409A of the Code and (ii) specified in such inclusion or exclusion action.
3.  Section 5.2(b)(ii) of the Plan is amended in its entirety, effective immediately, to read as follows:
(ii)       Company Profit Sharing Contribution. An amount equal to: (a) the Company Profit Sharing Contribution percentage utilized for purposes of the RSP for that Plan Year for such Participant (which, for the avoidance of doubt, shall be the percentage utilized for any Company Discretionary Profit Sharing Contribution and/or Company Fixed Rate Contribution, as applicable) times the sum of: (i) the Participant’s Compensation, calculated 
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without the Section 401(a)(17) Limitation or Section 415 Limitations, plus (ii) that portion of a Participant’s Compensation deferred during such Plan Year pursuant to a Deferral Plan, minus (b) the amount actually allocated as a Company Profit Sharing Contribution (which, for the avoidance of doubt, shall be the amount actually allocated as a Company Discretionary Profit Sharing Contribution and/or Company Fixed Rate Contribution, as applicable) to the Account of the Participant under the RSP. Unless otherwise expressly provided in the Plan, benefits credited under this Section 5.2(b)(ii) at the time of a Supplemental Distribution shall be restricted to a Participant’s vested portion, as determined under the applicable provisions of the RSP. Any non-vested portion of such deferred compensation to be paid shall be forfeited.
4.  Section 5.4(d) of the Plan is amended in its entirety, effective immediately, to read as follows:
(d)       A Participant who has not previously modified an initial Supplemental Election may make a one-time modification to his or her initial Supplemental Election to elect a different form of payment for Supplemental Benefits under the Plan that are not covered by the Automatic New Participant Supplemental Election. To be effective, such a modification shall be made by filing a written notice of modification in such form and manner as the Administrator may prescribe; provided, however, that the modification must comply with Section 409A, including the requirements regarding: (i) a minimum additional deferral period of five years, and (ii) the subsequent Supplemental Election not being effective until 12 months after it is made. A Participant may not change the payment method of his or her Supplemental Benefits after his or her Separation from Service. Notwithstanding the previous sentence, with respect to an Employee who was a former Participant and again becomes a Participant after being rehired by the Company following his or her Separation from Service, the one-time modification under this Section 5.4(d) shall be permitted with respect to such Participant’s initial Supplemental Election made following his or her rehire date, regardless of whether the Participant had also made such a modification for benefits earned prior to Separation from Service. By way of clarification, the Automatic New Participant Supplemental Election cannot be modified.
5.  Schedule B of the Plan is amended in its entirety, effective immediately, to read as follows:
SCHEDULE B
RESERVED
*          *          *          *          *

Dated:  12/9/2021                              AMERICAN EXPRESS COMPANY
By:  /s/ David Kasiarz
David Kasiarz, Executive Vice President,
Colleague Total Rewards & Well-Being
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EXHIBIT 10.46

AMENDMENT NO. 4 TO THE
TIME SHARING AGREEMENT 
            This Amendment No. 4 (including the Schedules A and B attached hereto, collectively hereinafter “Amendment No. 4”), dated as of December 28, 2021, to the Time Sharing Agreement will amend that certain Time Sharing Agreement, dated as of February 13, 2018, as previously amended, by and between American Express Travel Related Services Company, Inc., (“AETRSC”) and Stephen J. Squeri (“User”) (including any Schedules attached to the foregoing, and as previously amended, collectively hereinafter “Time Sharing Agreement”).  
W I T N E S S E T H:
            WHEREAS, AETRSC and User desire to amend the Time Sharing Agreement, as provided herein;
NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto covenant and agree that, from and as of the date hereof, the Time Sharing Agreement shall be, and hereby is, amended as set forth below. 
1.AETRSC and User desire to add certain aircraft, and to remove certain other aircraft, from Schedule A to the Time Sharing Agreement; accordingly, AETRSC and User hereby expressly agree that the Schedule A attached hereto amends and replaces any and all prior versions of Schedule A attached to the Time Sharing Agreement. 
2.Notwithstanding anything to the contrary in the Time Sharing Agreement, AETRSC hereby acknowledges and agrees that it is no longer the registered owner, but that it is now the exclusive lessee and operator, of the Gulfstream Aerospace GV-SP (G550) aircraft bearing Federal Aviation Administration Registration Number N559X and Manufacturer’s Serial Number 5489, that is listed on the Schedule A attached hereto.  
3.All notices and other communications given pursuant to Section 12 of the Time Sharing Agreement under this Amendment No. 4 and/or the Time Sharing Agreement shall be addressed to the parties as provided on the signature page of this Amendment No. 4.
4.All capitalized terms not defined herein shall have the meanings ascribed to them in the Time Sharing Agreement. 
5.Except as expressly amended by this Amendment No. 4 the Time Sharing Agreement remains in full force and effect, and this Amendment No. 4 shall not be construed to alter or amend any of the other terms or conditions set forth in the Time Sharing Agreement.  In the event of a conflict between the terms of the Time Sharing Agreement and this Amendment No. 4, the provisions of this Amendment No. 4 shall prevail.
6.This Amendment No. 4 may be executed in counterparts, each of which will be deemed to be an original, but both of which together shall constitute one and the same instrument.
7.TRUTH-IN-LEASING STATEMENT PURSUANT TO SECTION 91.23 OF THE FEDERAL AVIATION REGULATIONS.

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THE AIRCRAFT LISTED ON SCHEDULE A ATTACHED HERETO HAVE BEEN MAINTAINED AND INSPECTED UNDER FAR PART 91 DURING THE 12-MONTH PERIOD PRECEDING THE DATE OF THIS AGREEMENT OR, IF THE AIRCRAFT ARE LESS THAN 12 MONTHS OLD, SINCE NEW. AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., 1 EXPRESS DR., NEWBURGH, NY 12550, CERTIFIES THAT ALL OF THE AIRCRAFT LISTED ON SCHEDULE A ATTACHED HERETO ARE COMPLIANT WITH APPLICABLE MAINTENANCE AND INSPECTION REQUIREMENTS OF FAR PART 91 FOR THE OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT. ALL OF THE AIRCRAFT LISTED ON SCHEDULE A ATTACHED HERETO WILL BE MAINTAINED AND INSPECTED UNDER FAR PART 91 FOR OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.
DURING THE DURATION OF THIS AGREEMENT, AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., 1 EXPRESS DR., NEWBURGH, NY 12550, IS CONSIDERED RESPONSIBLE FOR OPERATIONAL CONTROL OF ALL OF THE AIRCRAFT UNDER THIS AGREEMENT.
AN EXPLANATION OF FACTORS BEARING ON OPERATIONAL CONTROL AND PERTINENT FEDERAL AVIATION REGULATIONS CAN BE OBTAINED FROM THE RESPONSIBLE FAA FLIGHT STANDARDS DISTRICT OFFICE.
THE “INSTRUCTIONS FOR COMPLIANCE WITH TRUTH-IN-LEASING REQUIREMENTS” ATTACHED HERETO IN SCHEDULE B ARE INCORPORATED HEREIN BY REFERENCE.
THE UNDERSIGNED, AS A DULY AUTHORIZED OFFICER OF AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC., 1 EXPRESS DR., NEWBURGH, NY 12550, CERTIFIES THAT IT IS RESPONSIBLE FOR OPERATIONAL CONTROL OF ALL OF THE AIRCRAFT listed on schedule a attached hereto AND THAT IT UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION REGULATIONS.
[SIGNATURES ON THE FOLLOWING PAGE]
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to be duly executed on the day and year first above written. The persons signing below warrant their authority to sign. 
									
	AMERICAN EXPRESS TRAVEL		STEPHEN J. SQUERI
	RELATED SERVICES COMPANY, INC.		
			
	By: /s/ Richard J. Walsh		/s/ Stephen J. Squeri
	Name: Richard J. Walsh		Stephen J. Squeri
	Title: Vice President, Aviation		
			
	Address: American Express Travel		Address: Stephen J. Squeri
	Related Services Company, Inc.		c/o American Express Company
	Attn: VP of Flight Operations		200 Vesey St., [redacted]
	1 Express Dr.		New York, NY 10285
	Newburgh, NY 12550		Phone: [redacted]
	Phone: [redacted]		Facsimile: [redacted]
	Facsimile: [redacted]		Email: [redacted]@aexp.com
	E-mail: [redacted]@aexp.com		

A legible copy of this Amendment No. 4
shall be kept in the Aircraft for all operations conducted hereunder.

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SCHEDULE A
[Schedule of aircraft subject to time-sharing agreement omitted pursuant to Item 601(a)(5) of Regulation S-K. Such schedules and exhibits will be furnished to the SEC upon request.]

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SCHEDULE B
[Instructions for compliance with Federal Aviation Administration "truth-in-leasing" requirements omitted pursuant to Item 601(a)(5) of Regulation S-K. Such schedules and exhibits will be furnished to the SEC upon request.]
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