Document:

Amendment No. 1 to the Mattel, Inc. 2005 Equity Compensation Plan

 Exhibit 10.76 
  
 AMENDMENT NO. 1 
 TO THE 
 MATTEL, INC. 2005 EQUITY COMPENSATION PLAN 
  
 WHEREAS, Mattel, Inc. (“Mattel”) maintains the Mattel, Inc. 2005 Equity Compensation Plan (the
“Plan”); 
  
 WHEREAS, pursuant to
Section 22 of the Plan, Mattel reserved the right to amend the Plan in whole or in part from time to time by action of the Board of Directors of Mattel (the “Board”); and 
  
 WHEREAS, as a result of the enactment in 2004 of Section 409A of
the Internal Revenue Code of 1986, as amended from time to time (the “Code”), the Board desires to amend the Plan document to evidence the intention that the terms of the Plan comply with Section 409A of the Code. 

 
 NOW, THEREFORE, pursuant to Section 22 of the Plan, the Plan
is hereby amended, effective as of November 20, 2008, as follows: 
  
 1. Capitalized Terms. Capitalized terms that are not defined in this Amendment No. 1 shall have the meanings ascribed thereto in the Plan. 
  
 2. Section 2(a) of the Plan is hereby amended in its entirety to read as follows: 
  
 “ ‘Affiliate’ means a corporation or other entity controlled
by, controlling or under common control with, Mattel, other than a Subsidiary. For purposes of determining eligibility for grants of Non-Qualified Stock Options and Stock Appreciation Rights or whether a Participant has experienced a
‘separation from service’ (as such term is defined and used in Code Section 409A), an Affiliate means a ‘service recipient’ (within the meaning of Code Section 409A); provided that such definition of ‘service
recipient’ shall be determined by (a) applying Code Section 1563(a)(1), (2) and (3), for purposes of determining a controlled group of corporations under Code Section 414(b), using the language ‘at least 50
percent’ instead of ‘at least 80 percent’ each place it appears in Code Section 1563(a)(1), (2) and (3), and by applying Treasury Regulations Section 1.414(c)-2, for purposes of determining trades or businesses (whether
or not incorporated) that are under common control for purposes of Code Section 414(c), using the language ‘at least 50 percent’ instead of ‘at least 80 percent’ each place it appears in Treasury Regulations
Section 1.414(c)-2, and (b) where the use of the following modified definition is based upon legitimate business criteria, by applying Code Section 1563(a)(1), (2) and (3), for purposes of determining a 

 
controlled group of corporations under Code Section 414(b), using the language ‘at least 20 percent’ instead of ‘at least 80
percent’ at each place it appears in Code Section 1563(a)(1), (2) and (3), and by applying Treasury Regulations Section 1.414(c)-2, for purposes of determining trades or businesses (whether or not incorporated) that are under
common control for purposes of Code Section 414(c), using the language ‘at least 20 percent’ instead of ‘at least 80 percent’ at each place it appears in Treasury Regulations Section 1.414(c)-2.” 
  
 3. Section 2(h) of the Plan is hereby amended in its entirety to read as
follows: 
  
 “ ‘Change in Control’ has the meaning
given in Section 17(b), as modified by Section 17(c).” 
  
 4. Section 2(p) of the Plan is hereby amended in its entirety to read as follows: 
  
 “ ‘Disability’: a Participant’s Severance will be considered to have occurred because of Disability if: (i) in the case of a
Participant who was (before his or her Severance) an employee of the Company, there has been a determination that the Participant is permanently disabled and entitled to benefits under the applicable group long-term disability plan of the Company
or, if there is no such applicable plan, under a government plan or program applicable to the Participant; and (ii) in the case of a Participant who was (before his or her Severance) an Outside Director or other non-employee service provider,
the Committee determines that the Participant’s membership on the Board or status as a service provider has terminated as a result of his or her disability. Notwithstanding the foregoing, if a Severance that meets the foregoing definition of
Disability is also a Retirement, it shall be treated for all purposes under the Plan as a Retirement and not a Disability. In addition, with respect to an Incentive Stock Option, Disability means a permanent and total disability as defined in Code
Section 22(e)(3) and, with respect to all Grants, to the extent required by Code Section 409A, ‘disability’ within the meaning of Code Section 409A.” 
  
 5. Section 2(uu) of the Plan is hereby amended in its entirety to read as follows: 
  
 “ ‘Severance’ of a Participant means (i) for purposes of
Grants made to a Participant as compensation for services as an employee of the Company, that the Participant has ceased to be an employee 

  

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of the Company for any reason, regardless of whether the Participant serves as an Outside Director and/or other service provider to the Company thereafter;
(ii) for purposes of Grants made to a Participant as compensation for services as an Outside Director, that the Participant has ceased to be an Outside Director for any reason, and is neither employed by, nor providing services to, the Company
in any other capacity; and (iii) for purposes of Grants made to a Participant as compensation for services in any capacity other than as an employee of the Company or an Outside Director, that the Participant has ceased (in the sole and
absolute judgment and discretion of the Company) to provide such services, and is neither employed by the Company nor serving as an Outside Director. Severance shall be considered to occur at the close of business on the day on which the applicable
relationship to the Company ends, whether or not that day is also the Participant’s last day worked; provided, that the Company may in its sole discretion establish in writing a different date on which a particular Participant’s Severance
shall be considered to occur. If a Participant is employed by or providing services to a Subsidiary or Affiliate that ceases to be a Subsidiary or Affiliate for any reason (including, without limitation, as a result of a public offering, or a
spinoff or sale by the Company, of the stock of a Subsidiary), the relationship of the Participant to the Company as an employee or service-provider, as applicable, shall be considered to have ended as a result of that cessation unless that
relationship is transferred to Mattel or one of its continuing Subsidiaries or Affiliates in connection therewith. Notwithstanding the foregoing, with respect to any Grant subject to Code Section 409A (and not exempt therefrom),
‘Severance’ of a Participant means a Participant’s ‘separation from service’ (as such term is defined and used in Code Section 409A).” 
  

 6. Section 2(yy) of the Plan is hereby amended in its entirety to read as follows: 
  
 “ ‘Substitute Grant’ has the meaning given in
Section 5(a). Such Substitute Grants shall be on such terms and conditions as the Committee may prescribe, subject to compliance with the Incentive Stock Option requirements of Code Section 422 and the nonqualified deferred compensation
requirements of Code Section 409A, where applicable.” 
  

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 7. Section 8(d) of the Plan shall be deleted in its entirety. 
  
 8. Section 11(d) of the Plan is hereby amended in its entirety to read
as follows: 
  
 “Restricted Stock Units. A Participant may
not assign or alienate his or her interest in Restricted Stock Units, and shall not have any of the rights of a stockholder of Mattel with respect to the Restricted Stock Units unless and until shares of Common Stock are actually delivered to the
Participant in settlement thereof. Except to the extent the Committee establishes otherwise for a Grant of Restricted Stock Units (for example, a Restricted Stock Unit that vests upon Retirement granted to a Participant whose Retirement could occur
while the Restricted Stock Unit is outstanding), each Restricted Stock Unit shall be settled no later than the fifteenth day of the third month after the end of the calendar year in which such Restricted Stock Unit ceases to be subject to a
‘substantial risk of forfeiture’ within the meaning of Code Section 409A. To the extent that settlement of a Restricted Stock Unit is at a later date, the terms and conditions of the Restricted Stock Unit shall be established and
interpreted in accordance with Section 20 below.” 
  
 9.
Section 12 of the Plan is hereby amended in its entirety to read as follows: 
  
 “The Committee may include Dividend Equivalents on shares of Common Stock that are subject to Grants, and may make separate Grants of Dividend Equivalents with respect to a specified number of hypothetical
shares. The Committee shall specify in the Grant such terms as it deems appropriate regarding the Dividend Equivalents, including when and under what conditions the Dividend Equivalents shall be paid, whether any interest accrues on any unpaid
Dividend Equivalents, and whether they shall be paid in cash or in shares of Common Stock or a combination thereof. In the case of Dividend Equivalents that are part of other Grants, the Committee may specify that they are payable currently or only
when the Grant vests. Unless the Committee otherwise specifies in the Grant, Dividend Equivalents shall be paid to the Participant at least annually, not later than the fifteenth day of the third month following the end of the calendar year in which
the Dividend Equivalents are credited (or, if later, the fifteenth day of the third month following the end of the calendar year in which the Dividend Equivalents are no longer subject to a ‘substantial risk of forfeiture’ within the
meaning of Code Section 409A). Any Dividend Equivalents that are accumulated and paid after the date 

  

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specified in the preceding sentence may be treated separately from the right to other amounts under the Grant.” 
  
 10. Section 16(a) of the Plan is hereby amended in its entirety to read
as follows: 
  
 “In the event of (i) a stock dividend,
declaration of an extraordinary cash dividend, stock split, reverse stock split, share combination, or recapitalization or similar event affecting the capital structure of Mattel (each, a ‘Share Change’), or (ii) a merger,
consolidation, acquisition of property or shares, separation, spinoff, reorganization, stock rights offering, liquidation, Disaffiliation, or similar event affecting Mattel or any of its Subsidiaries or Affiliates (each, a ‘Corporate
Transaction’), the Committee or the Board shall make such substitutions or adjustments as it deems appropriate and equitable to (A) the aggregate number and kind of shares of Common Stock or other securities reserved for Grants under the
Plan, (B) the limitations set forth in Sections 5(a) and 5(d), (C) the number and kind of shares or other securities subject to outstanding Grants, (D) the maximum number and kind of shares of Common Stock or other securities to be
granted pursuant to Section 13, and (E) the exercise price of outstanding Options and Stock Appreciation Rights.” 
  
 11. Section 17(c) of the Plan is hereby amended in its entirety to read as follows: 
  
 “Notwithstanding the foregoing, (i) effective with respect to any Grant made on or after December 1, 2008,
each reference to ‘20%’ or more of the Outstanding Mattel Common Stock or the Outstanding Mattel Voting Securities (or the outstanding shares of common stock of any corporation resulting from a Business Combination) in Section 17(b)
shall be deemed to read ‘35%’ and (ii) if any Grant is subject to Code Section 409A, this Section 17 shall be applicable only to the extent specifically provided in the Grant and permitted pursuant to Section 20.”

  
 12. Section 20 of the Plan is hereby amended in its
entirety to read as follows: 
  
 “(a) It is the intention of
Mattel that no Grant shall be ‘nonqualified deferred compensation’ subject to Code Section 409A, unless and to the extent that the Committee specifically determines otherwise as provided below, and the Plan and the terms and
conditions of all Grants shall be interpreted, construed and administered in accordance with this intent, so as to avoid the imposition of taxes and penalties on Participants pursuant to 

  

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Section 409A. The Company shall have no liability to any Participant or otherwise if the Plan or any grant, vesting, exercise or payment of any Grant
hereunder are subject to the additional tax and penalties under Code Section 409A. Notwithstanding any other provision of the Plan to the contrary, with respect to any Grant that is subject to Code Section 409A, if a Participant is a
‘specified employee’ (as such term is defined in Code Section 409A and as determined by the Company) as of the Participant’s Severance, any payments (whether in cash, Common Stock or other property) to be made with respect to the
Grant upon the Participant’s Severance will be accumulated and paid (without interest) on the earlier of (i) first business day of the seventh month following the Participant’s ‘separation from service’ (as such term is
defined and used in Code Section 409A) or (ii) the date of the Participant’s death. 
  
 (b) The terms and conditions governing any Grants that the Committee determines will be subject to Code Section 409A, including any rules for
elective or mandatory deferral of the delivery of cash or shares of Common Stock pursuant thereto and any rules regarding treatment of such Grants in the event of a Change in Control, shall be set forth in writing, and shall comply in all respects
with Code Section 409A. Additionally, to the extent any Grant is subject to Code Section 409A, notwithstanding any provision of the Plan to the contrary, the Plan does not permit the acceleration of the time or schedule of any distribution
related to such Grant, except as permitted by Code Section 409A. 
  
 (c) Notwithstanding any other provision of the Plan to the contrary, if a Change in Control occurs that is not a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the
Company, within the meaning of Code Section 409A, and payment or distribution of a Grant that is ‘nonqualified deferred compensation’ subject to Code Section 409A would otherwise be made or commence on the date of such Change in
Control (pursuant to the Plan, the Grant or otherwise), (i) the vesting of such Grant shall accelerate in accordance with the Plan and the Grant, (ii) such payment or distribution shall not be made or commence prior to the earliest date on
which Code Section 409A permits such payment or distribution to be made or commence without additional taxes or penalties under Code Section 409A, and (iii) in the event any such payment or distribution is deferred in accordance with
the immediately preceding clause (ii), such payment or distribution that would have been made prior to the deferred payment or commencement date, but for Code Section 

  

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409A, shall be paid or distributed on such earliest payment or commencement date, together, if determined by the Committee, with interest at the rate
established by the Committee.” 
  
 13. Ratification and
Confirmation. Except as specifically amended hereby, the Plan is hereby ratified and confirmed in all respects and remains in full force and effect. 
  
 14. Governing Law. This Amendment No. 1 shall be governed by, and construed in accordance with, the laws of the State of Delaware.

  
 15. Headings. Section headings are for
convenience only and shall not be considered a part of this Amendment No. 1. 
  
 IN WITNESS WHEREOF, Mattel has caused this Amendment No. 1 to be executed, effective as of November 20, 2008. 
  

			
	MATTEL, INC.
		
	By:	 	/s/ ALAN KAYE
	Name:	 	Alan Kaye
	Title:	 	 Senior Vice President,
 Human
Resources

		
	Dated:	 	December 19, 2008

  
  
  
  
  

 7Summary of Compensation of the Non-Employee Members of the Board of Directors

 Exhibit 10.112 
  
 Mattel, Inc. 
 Summary of Compensation of 
 the Non-Employee Members of the 
 Board of Directors 
  
 Remuneration 
  
 Annual Board Retainer:

  
 Non-employee members of the Board (each, a
“Director”) receive a cash retainer of $100,000 per year. 
  

	 	•	 	 Retainer payable annually to new and continuing Directors, as of the date of the Annual Meeting of Stockholders (or, in the case of a new Director who joins the
Board between the date of the Annual Meeting and the end of the calendar year, as of the date the Director joins the Board). 

  

	 	•	 	 Pursuant to the Mattel, Inc. 2005 Equity Compensation Plan (the “2005 Plan”), continuing Directors may elect in advance to receive all or a portion of the
annual Board retainer in Mattel common stock.* 

  

	 	•	 	 Pursuant to the Mattel, Inc. Deferred Compensation Plan for Non-Employee Directors (“Director Plan”), continuing Directors may also elect in advance to
defer all or part of their annual retainer under the Director Plan (see “Deferred Compensation” discussion below).* 

  

	 	•	 	 If no elections are made, the Director will receive the entire retainer in cash. 

  

	 	*	If a Director elects to receive all or a portion of the annual Board retainer in Mattel common stock or elects to defer all or part of the annual retainer under the Director
Plan, the number of shares (or the number of phantom shares in the Director Plan in the event of a deferral election) will be calculated based on the fair market value of Mattel common stock on the date of the Annual Meeting.

  
 If either election is made, it will be
irrevocable with respect to the year for which it is made. 
  

			
	 1
	 	January 2009

 Mattel, Inc. 
 Board of Directors – Compensation Summary 
  
 Committee Chair Retainer: 
  
 Each
non-employee Committee Chair receives a cash retainer per year: 
  

	 	•	 	 Audit—$20,000 

  

	 	•	 	 Compensation—$20,000 

  

	 	•	 	 Other Committees—$10,000 

  

	 	•	 	 Retainer payable annually to new and continuing Committee Chairs, as of the date of the Annual Meeting of Stockholders (or, in the case of a Director who is
appointed as a Committee Chair between the date of the Annual Meeting and the end of the calendar year, as of the date upon which the Director is first appointed as a Committee Chair). 

  
 Continuing Directors may elect in advance to defer these fees under the
Director Plan (see “Deferred Compensation” discussion that follows). 
  
 Audit Committee Retainer: 
  
 Each
member of the Audit Committee receives a cash retainer of $10,000 per year. 
  

	 	•	 	 Retainer payable annually to new and continuing committee members, as of the date of the Annual Meeting of Stockholders (or, in the case of a Director who is
appointed to the committee between the date of the Annual Meeting and the end of the calendar year, as of the date upon which the Director is first appointed to the committee). 

  
 Continuing Directors may elect in advance to defer these fees under the
Director Plan (see “Deferred Compensation” discussion that follows). 
  
 Annual Equity Grant: 
  
 Pursuant
to resolutions adopted by the Compensation Committee, upon the date of each Annual Meeting of Stockholders commencing with the 2009 Annual Meeting (or, in the case of a new Director who joins the Board between the date of the Annual Meeting and the
end of the calendar year, as of the date the Director joins the Board), each new and continuing Director will be granted restricted stock units with dividend equivalent rights (“RSUs”), with the amount of RSUs determined as follows: each
grant will have a dollar value of $100,000 on the date of grant, and the dollar value will be converted to a number of RSUs by dividing the dollar value by the fair market value of Mattel common stock on the date of grant, with the resulting amount
rounded to the nearest number of whole RSUs. The RSUs will vest pro rata on a quarterly basis following the date of grant. 
  

			
	 2
	 	January 2009

 Mattel, Inc. 
 Board of Directors – Compensation Summary 
  
 Continuing Directors may elect to defer their RSU awards under the Director Plan (see “Deferred Compensation” discussion that follows). 
  
 Deferred Compensation 
  
 Directors may elect in advance to defer under the Director Plan: 
  

	 	•	 	 all or part of their annual retainer fees, and 

  

	 	•	 	 effective as of January 1, 2009, all of their annual RSU awards. 

  
 Elections to defer annual retainer fees and/or equity compensation may be made prior to the end of the calendar year
immediately preceding the calendar year in which such annual retainer fees and equity compensation will be paid. Each such election will apply only for the upcoming calendar year. Newly-elected Directors may not defer any annual retainer fees or
equity compensation received in the year of their election to the Board. 
  
 Effective as of January 1, 2009, annual retainer fees deferred under the Director Plan may be allocated to a number of investment options that mirror the investment funds available under the Company’s
management deferred compensation plan. RSUs deferred under the Director Plan will be credited to a Mattel stock equivalent account and amounts attributable to such RSU deferrals must be paid in the form of Mattel common stock. 
  
 Annual retainer fees and equity compensation deferred with respect to a
calendar year (and earnings thereon) may be paid in a lump sum or installments over a period of 10 years commencing after the applicable Director ceases to serve on the Board or achieves a specified age set forth in his or her deferral election
(which age cannot exceed 72). If a Director’s plan-year balance is less than $5,000, distribution of such balance will be made in a lump sum. If a Director makes a deferral election with respect to his or her RSU award, the Director will not
recognize income upon the vesting in the deferred RSUs. 
  
 In
2008, the Company amended the Director Plan to comply with Section 409A of the Internal Revenue Code and IRS regulations and guidance pursuant to Section 409A. 
  

			
	 3
	 	January 2009

 Mattel, Inc. 
 Board of Directors – Compensation Summary 
  
 Stock
Ownership 
  
 The Board has, as part of its Guidelines on
Corporate Governance, adopted policies regarding (i) director stock ownership, pursuant to which each Director is to achieve a target minimum level of stock ownership, in an amount equal to three times the annual Board retainer, within five
years of joining the Board and (ii) director retention of shares obtained in exercises of stock options and upon vesting of RSUs. These policies are set forth in the Mattel, Inc. Board of Directors Amended and Restated Guidelines on Corporate
Governance (the “Guidelines”). 
  
 In September 2008,
the Board provided then-current Directors with up to two additional years to achieve the target stock ownership level, as adjusted to reflect the increased annual retainer. Each Director with less than 5 years of service on the Board as of September
2008 may achieve the adjusted target stock ownership level by the later of (i) five years after the date upon which such Director joined the Board or (ii) two years following the September 2008 Board meeting. 
  
 Miscellaneous/Other Benefits 
  
 Expense Reimbursement and Travel: 
  
 Mattel will pay all appropriate expenses for Directors’ travel on Board
business. In most cases, and based on the Director’s preference, Mattel will handle any travel arrangements, book airline and hotel reservations and cover billings. Directors are permitted to use aircraft leased by Mattel for purposes of travel
on Board business. If the Director prefers, Mattel will reimburse appropriate travel expenses for travel on Board business, including ground transportation (such as taxis and airport limousines), first class air travel, the reasonable cost of
charter flights, and, if the Director uses a non-Mattel private aircraft to travel on Mattel Board business, the amount reimbursable under applicable Federal Aviation Regulations, which generally would include variable trip-specific costs or direct
operating costs of the travel on Mattel Board business, but not fixed costs such as management fees, capital costs or depreciation. 
  
 Charitable Gifts: 
  
 Directors may recommend that the Mattel children’s foundation make gifts of up to a total of $15,000 each year to one or more non-profit public
charities. The foundation also matches up to $5,000 annually for any personal gifts made by the Director. 
  

			
	 4
	 	January 2009

 Mattel, Inc. 
 Board of Directors – Compensation Summary 
  
 Liability Insurance/Indemnification: 
  
 Directors are provided with liability insurance under a directors, officers and corporate liability insurance policy. Directors are also provided with indemnification in accordance with the Company’s bylaws and Delaware law.

  

			
	 5
	 	January 2009

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