Document:

Am. to Exec. Mgmt Severance & Change in Control Benefit Plan

 Exhibit 10.05 

March 30, 2010 
 Michael Dodd 

LeapFrog Enterprises, Inc. 
 6401 Hollis Street

 Emeryville, CA 94608 
  

	Re:	LeapFrog Enterprises, Inc. Executive Management Severance and Change in Control Benefit Plan 

Dear Michael: 
 You previously have been
designated by LeapFrog Enterprises, Inc. (the “Company”) as an “Eligible Employee” under the LeapFrog Enterprises, Inc. Executive Management Severance and Change in Control Benefit Plan (the “Plan”). Section 7(b)
of the Plan permits the Company to amend the Plan at any time up until the period (the “Change in Control Period”) beginning three months before and ending twelve months after a “Change in Control.” During a Change in Control
Period, the Company may not amend the Plan in any way that adversely affects any Eligible Employee’s benefits under the Plan without the express written consent of the Eligible Employee. 

As permitted by Section 7(b) of the Plan, the Company hereby amends the Plan, as it applies to you, by amending the definition of “Good Reason
Resignation” in Section 2(j) to read in its entirety as follows (underlined text indicates changes), effective February 9, 2010: 

(j) “Good Reason Resignation” means a voluntary termination of employment by an Eligible
Employee within sixty (60) days after the occurrence of one of the following events without the Eligible Employee’s consent: 

(i) a material diminution in the Eligible Employee’s authority, duties, or responsibilities (subject to the
clarification in the immediately following sentence); 
 (ii) a reduction in the Eligible
Employee’s Base Salary in an amount greater than ten percent (10%) of the Eligible Employee’s Base Salary prior to such reduction, unless the Base Salary of other similarly-situated employees of LeapFrog is reduced by at least the
same percentage; 
 (iii) a change in the geographic location of the Eligible Employee’s workplace by
more than fifty (50) miles from its previous location; or 

 (iv) a material breach by the Company of the agreement under which
the Eligible Employee is employed. 
 For the avoidance of doubt, any Change in Control, immediately following
which the Eligible Employee does not hold the senior-most position in his or her functional area in the surviving top-most parent company (disregarding for these purposes any company that is an investment fund or other non-operating company),
whether public or private, and does not report directly to the chief executive officer of such top-most parent company shall be regarded as a material diminution in the Eligible Employee’s authority, duties or responsibilities for purposes of
this definition, provided that the Eligible Employee, as a condition of resigning for Good Reason on such basis, shall first have remained in employment with the Company, or its successor, on a full time basis (or on a less than full time basis, as
the Company or its successor shall determine), with a Base Salary that is no less than it was immediately prior to the Change in Control (unadjusted for employment on a less than full time basis), for a period of six (6) months (or such shorter
period as the Company or its successor shall determine) in order to provide transition support to the Company or its successor. 

Prior to any Good Reason Resignation, the Eligible Employee must provide written notice to the Company of the existence of
the Good Reason event within thirty (30) days following the initial existence of the event, and the Company shall have a period of thirty (30) days following such notice to cure the event. If the event is cured within such time period, the
Eligible Employee shall not be entitled to terminate his or her employment pursuant to a Good Reason Resignation. 
 Should you have any
questions about the foregoing amendment, please let me know. 
  

	
	 Sincerely,

	
	 /s/ William B. Chiasson

	 William B. Chiasson

	 Chief Executive Officer and PresidentAm. to Exec. Mgmt Severance & Change in Control Benefit Plan

 Exhibit 10.06 

March 30, 2010 
 Michael Chai 

LeapFrog Enterprises, Inc. 
 6401 Hollis Street

 Emeryville, CA 94608 
  

	Re:	LeapFrog Enterprises, Inc. Executive Management Severance and Change in Control Benefit Plan 

Dear Mike: 
 You previously have been
designated by LeapFrog Enterprises, Inc. (the “Company”) as an “Eligible Employee” under the LeapFrog Enterprises, Inc. Executive Management Severance and Change in Control Benefit Plan (the “Plan”). Section 7(b)
of the Plan permits the Company to amend the Plan at any time up until the period (the “Change in Control Period”) beginning three months before and ending twelve months after a “Change in Control.” During a Change in Control
Period, the Company may not amend the Plan in any way that adversely affects any Eligible Employee’s benefits under the Plan without the express written consent of the Eligible Employee. 

As permitted by Section 7(b) of the Plan, the Company hereby amends the Plan, as it applies to you, by amending the definition of “Good Reason
Resignation” in Section 2(j) to read in its entirety as follows (underlined text indicates changes), effective February 9, 2010: 

(j) “Good Reason Resignation” means a voluntary termination of employment by an Eligible
Employee within sixty (60) days after the occurrence of one of the following events without the Eligible Employee’s consent: 

(i) a material diminution in the Eligible Employee’s authority, duties, or responsibilities (subject to the
clarification in the immediately following sentence); 
 (ii) a reduction in the Eligible
Employee’s Base Salary in an amount greater than ten percent (10%) of the Eligible Employee’s Base Salary prior to such reduction, unless the Base Salary of other similarly-situated employees of LeapFrog is reduced by at least the
same percentage; 
 (iii) a change in the geographic location of the Eligible Employee’s workplace by
more than fifty (50) miles from its previous location; or 

 (iv) a material breach by the Company of the agreement under which
the Eligible Employee is employed. 
 For the avoidance of doubt, any Change in Control, immediately following
which the Eligible Employee does not hold the senior-most position in his or her functional area in the surviving top-most parent company (disregarding for these purposes any company that is an investment fund or other non-operating company),
whether public or private, and does not report directly to the chief executive officer of such top-most parent company shall be regarded as a material diminution in the Eligible Employee’s authority, duties or responsibilities for purposes of
this definition, provided that the Eligible Employee, as a condition of resigning for Good Reason on such basis, shall first have remained in employment with the Company, or its successor, on a full time basis (or on a less than full time basis, as
the Company or its successor shall determine), with a Base Salary that is no less than it was immediately prior to the Change in Control (unadjusted for employment on a less than full time basis), for a period of six (6) months (or such shorter
period as the Company or its successor shall determine) in order to provide transition support to the Company or its successor. 

Prior to any Good Reason Resignation, the Eligible Employee must provide written notice to the Company of the existence of
the Good Reason event within thirty (30) days following the initial existence of the event, and the Company shall have a period of thirty (30) days following such notice to cure the event. If the event is cured within such time period, the
Eligible Employee shall not be entitled to terminate his or her employment pursuant to a Good Reason Resignation. 
 Should you have any
questions about the foregoing amendment, please let me know. 
 Sincerely, 

 

	
	 /s/ William B. Chiasson

	William B. Chiasson
	Chief Executive Officer and PresidentForm of Restricted Stock Unit Agreement for Awards under 2006 LTIP

 Exhibit 10.1 

FORM OF RESTRICTED STOCK UNIT AGREEMENT 

THIS AGREEMENT, dated as of
[                    ], (“Grant Date”) is between MasterCard Incorporated, a Delaware Corporation (“Company”), and you
(“Employee”). Capitalized terms that are used but not defined in this Agreement have the meanings given to them in the 2006 Long Term Incentive Plan (“Plan”). 

WHEREAS, the Company has established the Plan, the terms of which Plan, but not the standard terms and conditions of Section 9.4 of
such Plan, are made a part hereof; 
 WHEREAS, the Human Resources Compensation Committee of the Board of Directors of the
Company (“Committee”) has approved this grant under the terms of the Plan; 
 NOW, THEREFORE, the parties hereby agree
as follows: 
 1. Grant of Units. 

Subject to the terms and conditions of this Agreement and of the Plan, the Company hereby grants to you the number of Units reflected in
your grant statement, the terms of which statement are incorporated as a part of this Agreement. The Units comprising this award will be recorded in an unfunded Units account in your name maintained on the books of the Company (“Account”).
Each Unit represents the right to receive one share of the Company’s $0.0001 par value Class A Common Stock (“Common Shares”) under the terms and conditions set forth below. 

2. Vesting Schedule. 

(a) Subject to (b) and (c) below, the interest of the Employee in the Units shall vest on
[            ], conditioned upon the Employee’s continued employment with the Company or an Affiliated Employer as of
[                    ]. 

(b) In the event that the Employee’s employment with the Company or an Affiliated Employer terminates by reason of the
Employee’s death following the Grant Date, 100 percent of the Employee’s then unvested Units shall vest. In the event the Employee’s employment with the Company or an Affiliated Employer terminates due to Disability or Retirement more
than six months after the Grant Date, unvested Units shall continue to vest as if there had been no termination of employment and shall be paid as set forth in section 6(a). In the event Employee’s employment with the Company or an Affiliated
Employer terminates for any other reason, unvested Units shall be forfeited. 
 (c) In the event that the Employee’s
employment with the Company or an Affiliated Employer, or successor thereto, is terminated (within the meaning of Code section 409A) without Cause or by the Employee with Good Reason, six months preceding or two years following a Change in Control,
100 percent of the Employee’s then unvested Units shall vest. 

 3. Transfer Restrictions. 

The Units granted hereunder may not be sold, assigned, margined, transferred, encumbered, conveyed, gifted, hypothecated, pledged, or
otherwise disposed of and may not be subject to lien, garnishment, attachment or other legal process, except as expressly permitted by the Plan. 

4. Stockholder Rights. 

Prior to the time that Employee’s Units vest and the Company has issued Common Shares relating to such Units, Employee will not be
deemed to be the holder of, or have any of the rights of a holder with respect to, any Common Shares deliverable with respect to such Units. Specifically, and without limiting the foregoing, Employee shall not be entitled to dividends or dividend
equivalents prior to being issued Common Shares. 
 5. Changes in Stock. 

In the event of any change in the number and kind of outstanding stock by reason of any recapitalization, reorganization, merger,
consolidation, stock split or any similar change affecting the Common Shares (other than a dividend payable in Common Shares) the Company shall make an appropriate adjustment in the number and terms of the Units credited to the Employee’s
Account as provided in the Plan. 
 6. Form and Timing of Payment. 

(a) The Company shall pay within 60 days of the [            ], vesting date
set forth in section 2(a) above, a number of Common Shares equal to the aggregate number of vested Units credited to the Employee as of vesting. 

(b) In the event of vesting under section 2(b) above due to an Employee’s death, payment shall be made within 60 days following
death. 
 (c) In the event of vesting under section 2(c) above due to termination in connection with a Change in Control,
payment shall be made on the first business day which is at least six months following the termination or at such later date permitted under Code section 409A. 

7. Compliance with Law. 

No Common Shares will be delivered to Employee in accordance with section 6 above unless counsel for the Company is satisfied that such
delivery will be in compliance with all applicable laws. 
 8. Death of Employee. 

In the event of the Employee’s death, where the death results in vesting and payment of Units under section 2(b) above, payment shall
be made to the Employee’s estate or beneficiary. 
  

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 9. Taxes. 

The Employee shall be liable for any and all taxes, including withholding taxes, arising out of this grant or the issuance of the Common
Shares on vesting of Units hereunder. The Company is authorized to deduct from the total number of Common Shares Employee is to receive on settlement of the Units the total value equal to the amount necessary to satisfy any such withholding
obligation at the minimum applicable withholding rate, or to obtain withholdings in any other method permitted by the Plan. To the extent necessary to meet any obligation to withhold Federal Insurance Contributions Act taxes before settlement of the
Units, the Company is authorized to deduct those taxes from other current wages. 
 10. Discretionary Nature of Plan.

 Employee acknowledges and agrees that the Plan is discretionary in nature and may be amended, cancelled, or terminated by the
Company, in its sole discretion, at any time. The grant of Units under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Units, other types of grants under the Plan, or benefits in lieu of such
grants in the future. Future grants, if any, will be at the sole discretion of the Company, including, but not limited to, the timing of any grant, the number of Units granted and vesting provisions. 

11. Data Authorization. 

Pursuant to applicable Data Protection laws, the Employee’s personal data will be collected and used as necessary for the
Company’s administration of the Plan and Employee’s participation in the Plan. Employee’s denial and/or objection to the collection, processing and transfer of personal data may affect Employee’s participation in the Plan. As
such, Employee voluntarily acknowledges and consents (where required under applicable law) to the collection, use, processing and transfer of personal data as described herein. 

As part of the Company’s administration of the Plan, the Company and the Affiliated Employer may hold certain personal information
about Employee, including Employee’s name, home address and telephone number, date of birth, social security number or other employee identification number, salary, nationality, job title, any shares of Common Stock or directorships held in the
Company, details of all options, units or any other entitlement to shares of Common Stock awarded, canceled, purchased, vested, unvested or outstanding in Employee’s favor. This information is held for the purpose of managing and administering
the Plan (“Data”). 
 The Data may be provided by Employee or collected, where lawful, from third parties, and the
Company or the Affiliated Employer will process the Data for the exclusive purpose of implementing, administering and managing Employee’s participation in the Plan. Data processing will take place through electronic and non-electronic means as
necessary to administer the plan and will be handled in conformance with the confidentiality and security provisions as set forth by applicable laws and regulations in 

 

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Employee’s country of residence (and country of employment, if different). The Data will be accessible within the Company’s organization only by those persons requiring access for
purposes of the implementation, administration and operation of the Plan and for Employee’s participation in the Plan. 

The Company and the Affiliated Employer may transfer Data amongst themselves as necessary for the purpose of implementation,
administration and management of Employee’s participation in the Plan, and the Company and the Affiliated Employer may each further transfer Data to any third parties assisting the Company in the implementation, administration and management of
the Plan. Please note these entities may be located in the European Economic Area, the United States or elsewhere in the world. Employee hereby authorizes (where required under applicable law) these parties to receive, possess, use, retain and
transfer the Data, in electronic or other form, for purposes of implementing, administering and managing Employee’s participation in the Plan. This includes any requisite transfer of such Data as may be required for the administration of the
Plan and/or the subsequent holding of shares of Common Stock on Employee’s behalf to a broker or other third party with whom Employee may elect to deposit any shares of Common Stock acquired pursuant to the Plan. 

Employee may, at any time, exercise Employee’s rights provided under applicable personal data protection laws. These rights may
include (a) obtain confirmation as to the existence of the Data, (b) verify the content, origin and accuracy of the Data, (c) request the integration, update, amendment, deletion, or blockage of the Data, (d) oppose, for legal
reasons, the collection, processing or transfer of the Data which is not necessary or required for the implementation, administration and/or operation of the Plan and Employee’s participation in the Plan, and (e) withdraw Employee’s
consent to the collection, processing or transfer of Data as provided hereunder (in which case, Employee’s Award will be null and void). Employee may seek to exercise these rights by contacting the Employee’s local Human Resources manager
or the Company’s Human Resources Department. 
 12. Consent to On-Line Grant and Acceptance. 

Employee acknowledges and agrees that, as a term of this grant of Units, any grant, communication, or acceptance of such grant, if
applicable, is permitted to be made and processed through the online system operated and maintained for this purpose. Employee further acknowledges and agrees that execution of any documents through such system shall have the same force and effect
as if executed in writing. 
 13. Section 409A. 

To the extent the Company determines that this agreement is subject to Code section 409A, but does not conform with the requirements of
Code section 409A the Company may at its sole discretion amend or replace the agreement to cause the agreement to comply with Code section 409A. The agreement shall be construed and administered consistent with Code section 409A or an exemption from
Code section 409A. 
  

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 14. Miscellaneous. 

(a) All amounts credited to the Employee’s Account under this Agreement shall continue for all purposes to be a part of the general
assets of the Company. The Employee’s interest in the Account shall make the Employee only a general, unsecured creditor of the Company. 

(b) The parties agree to execute such further instruments and to take such action as may reasonably be necessary to carry out the intent
of this Agreement. 
 (c) Any notice required or permitted hereunder that is not covered by section 12 above, shall be given in
writing and shall be deemed effectively given upon delivery to the Employee at the address then on file with the Company or upon delivery to the Company at 2000 Purchase Street, Purchase, New York 10577, Attn: Group Head, Global Rewards. 

(d) Neither the Plan nor this Agreement nor any provisions under either shall be construed so as to grant the Employee any right to
remain in the employ of the Company. 
 (e) This Agreement, along with the incorporated grant letter, constitutes the entire
agreement of the parties with respect to the subject matter hereof. 
  

			
	By	 	 /s/

	Name:	 	
	Title:	 	

  

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