Document:

Form of 2008 Performance Award Agreement, Ronald O'Hanley

 Exhibit 10.8 
 THE BANK OF NEW YORK MELLON CORPORATION 
 Mellon Financial Corporation Long-Term Profit Incentive Plan
(2004) 
 PERFORMANCE AWARD AGREEMENT 
 THIS AGREEMENT, made as of this 10th day of March, 2008, by and between The Bank of New York Mellon Corporation (the “Corporation”), 
 a         
         n         
                 d         
                                       
                      , a key employee (the “Grantee”) of the Corporation 
 WITNESSETH THAT: 
 WHEREAS, Grantee is now
employed by the Corporation (“Corporation”, when used herein with reference to employment of Grantee, shall include any Affiliate of the Corporation as defined in the Plan) as a key employee; and 
 WHEREAS, under and pursuant to the Long-Term Profit Incentive Plan (2004) (the “Plan”), the Corporation may grant to key employees
Restricted Stock and Other Stock-Based Awards, as each are defined in the Plan, providing the Grantee with shares, or rights to receive shares, of common stock, par value $.01 per share, of the Corporation (the “Stock”) subject to
restrictions set forth in the Plan and in this Agreement; and 
 WHEREAS, the Corporation desires to grant to Grantee (i) an award of
«NUMBER» shares of Restricted Stock and (ii) an Other Stock-Based Award representing the right to receive «NUMBER» shares of Stock; 
 NOW THEREFORE, in consideration of the covenants and agreements herein contained and intending to be legally bound, the parties hereto hereby agree with each other as follows: 
 SECTION 1: Restricted Stock Award 
 1.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a key employee, to work for the long-range success of the Corporation, the Corporation
hereby awards to Grantee the number of shares of Restricted Stock stated above, subject to adjustment as provided in Section 9.7 of the Plan. Notwithstanding Section 7.4 of the Plan, dividends paid with respect to the Restricted Stock
shall not be paid to, or earned by, the Grantee unless and to the extent the underlying shares of Restricted Stock are earned as provided in Section 4.1 hereof. Each time a cash dividend is paid on the Stock, there shall be added to the number
of shares of Restricted Stock then outstanding hereunder a number of full and fractional shares of Stock the Grantee would have received if, as of the record date for such dividend, a number of shares of Stock equal to the number of shares of
Restricted Stock outstanding hereunder had been held for the Grantee’s account under the Corporation’s Stock Purchase and Dividend Reinvestment Plan. 

 SECTION 2: Other Stock-Based Award 
 2.1 Subject to the terms and conditions set forth herein and to the terms of the Plan, and in order to provide an additional incentive for Grantee, as a
key employee, to work for the long-range success of the Corporation, the Corporation hereby awards to Grantee an Other Stock-Based Award representing the right to receive the number of shares of Stock stated above, subject to adjustment as provided
in Section 9.7 of the Plan. Dividend equivalents shall accrue with respect to the Other Stock-Based Award, but shall not be paid to, or earned by, the Grantee unless and to the extent the underlying Other Stock-Based Award is earned as provided
in Section 4.1 hereof. Each time a cash dividend is paid on the Stock, there shall be added to the number of shares represented by the Other Stock-Based Award then outstanding hereunder a number of full and fractional shares of Stock the
Grantee would have received if, as of the record date for such dividend, a number of shares of Stock equal to the number of shares represented by the Other Stock-Based Award outstanding hereunder had been held for the Grantee’s account under
the Corporation’s Stock Purchase and Dividend Reinvestment Plan. The Committee, as hereinafter defined, shall have the authority, in its discretion, to determine that any obligation of the Corporation with respect to the Other Stock-Based Award
may be paid in cash, in shares of stock, or part in cash and part in shares of Stock. 
 SECTION 3: Restricted Stock; Restrictions on
Transfer 
 3.1 No shares of Restricted Stock awarded hereunder or any Other Stock-Based Award or any interest therein may be sold,
transferred, assigned, pledged or otherwise disposed of (any such action being hereinafter referred to as a “Disposition” of shares) by the Grantee until such time as this restriction lapses with respect to such shares pursuant to
Section 4 hereof. Any attempt to make such a Disposition shall be null and void and result in the immediate forfeiture and return to the Corporation without consideration of any shares of Stock or award as to which restrictions on Disposition
shall at such time be in effect. 
 3.2 Grantee agrees that a restrictive legend in substantially the following form may be placed on the
shares of Restricted Stock awarded hereunder: 
 “The sale, transfer, assignment, pledge or other disposition of the
shares represented by this certificate is subject to the restrictions set forth in the Mellon Financial Corporation Long-Term Profit Incentive Plan (2004) and in the Performance Award Agreement executed thereunder dated as of March 10,
2008, copies of each of which are available for inspection at the principal office of The Bank of New York Mellon Corporation. No such transaction shall be recognized as valid or effective unless there shall have been compliance with the terms and
conditions of such Agreement.” 
 3.3 Grantee hereby authorizes the Corporation or its agents to retain custody of the Restricted Stock
awarded hereunder until such time as the restrictions on Disposition lapse. As soon as practicable after the date on which restrictions on Disposition of any shares lapse, the Corporation will cause such shares to be credited to a book-entry account
in Grantee’s name with the restrictive legend described in Section 3.2 hereof removed. As soon as practicable after the signing of this Agreement, Grantee shall deliver it to the Corporation’s Executive Compensation area (AIM
No. 151-0722). 
  

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 3.4 Grantee understands that the transfer agent for the Restricted Stock will be instructed to effect
transfers of the shares of Restricted Stock awarded hereunder only upon satisfaction of the conditions set forth herein and in the Plan. 
 SECTION 4: 
 Lapse of Restrictions, Forfeiture of Shares and Earning of Other Stock-Based Awards 
 4.1. Performance Condition. For the performance period beginning January 1, 2008 and ending
on December 31, 2010 or, if earlier, the date of a Change in Control Event, as defined in the Plan, (the “Performance Period”), the total number of shares of Restricted Stock on which the restrictions shall lapse and the total number
of shares of Stock (or cash equivalent thereof) that will be issued and/or paid for the Other Stock-Based Award will be based on the Corporation’s Total Return to Shareholders relative (i)  2/3 to the peer group’s (the “Peer Group’s”) Total Return to Shareholders and (ii)  1/3 to the Standard & Poor’s Financials Index companies (the “Index”) Total Return to Shareholders, provided that the Committee retains negative
discretion to reduce or eliminate any and all amounts that would otherwise be payable as provided herein. The list of companies included within the Peer Group is attached hereto as Exhibit A. 
 (a) Total Return to Shareholders. For purposes of this Agreement, Total Return to Shareholders for the Performance Period for the
Corporation and for each company in the Peer Group and for each company in the Index will be the Total Return to Shareholders for those companies, as such amounts are calculated and reported as provided on Exhibit A. For purposes of measuring the
Total Return to Shareholders in relation to the Peer Group and the Index, the following shall apply: 
 (i) Peer Group.
Each company in the Peer Group will then be ranked in descending order by the Total Return to Shareholders so calculated and the Corporation’s Total Return to Shareholders shall be ranked in relation thereto, using the method specified on
Exhibit A. If a company within the Peer Group ceases to be publicly traded during the Performance Period, such company shall be excluded from the Peer Group for the entire Performance Period, except that if a company in the Peer Group is acquired by
a company that is “diversified financials company”, as determined by reference to the GICS reporting code used for reporting to the Securities and Exchange Commission, then such company shall remain within the Peer Group. 
 (ii) Index. Each company in the Index will then be ranked in descending order by the Total Return to Shareholders so calculated and
the Corporation’s Total Return to Shareholders shall be ranked in relation thereto, using the method specified on Exhibit A. Only those companies included in the Index at the commencement of the Performance Period will be ranked and if a
company within the Index ceases to be included within the Index during the Performance Period, such company shall be excluded from the Index for the entire Performance Period. 
  

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 (b) Application of Performance Condition. 
 (i) The total number of shares of Restricted Stock awarded will be multiplied by the Performance Factor identified on the Restricted Stock
Payout Schedule that corresponds to the Corporation’s relative ranking in relation to the Peer Group and the Index, and the weightings assigned thereto, to determine the number of shares of Restricted Stock earned. The Restricted Stock Payout
Schedule is attached hereto as Exhibit B. 
 (ii) The total number of shares subject to the Other Stock-Based Award will be
multiplied by the Performance Factor identified on the Other Stock-Based Award Payout Schedule that corresponds to the Corporation’s relative ranking in relation to the Peer Group and the Index, and the weightings assigned thereto, to determine
the number of shares of Stock earned pursuant to such Award. The Other Stock-Based Award Payout Schedule is attached hereto as Exhibit C. 
 (iii) Notwithstanding the foregoing, in the case of a Change in Control Event, the Grantee shall be entitled to a pro-rata portion of each of the Restricted Stock and Other Stock-Based Award (rounded down to the
nearest whole share), based upon (x) the number of whole completed months during the Performance Period in relationship to 36 months, and (y) the Performance Factor applicable to the Corporation’s actual Total Return to Shareholders
percentile rank for such Period as set forth on Exhibits B and C, respectively. 
 (iv) The lapse of restrictions on the
Restricted Stock and the issuance of shares (or cash) pursuant to the Other Stock-Based Award are expressly contingent upon the extent to which the performance criteria is satisfied. Notwithstanding anything set forth in this Agreement, no payment
shall exceed any applicable limits set forth in the Plan. 
 (c) Employment Condition. Notwithstanding Sections 4.1(a)
and (b) hereof, and except as provided in Section 4.1(d), a derestriction of the Restricted Stock and/or the issuance of shares or payment of cash pursuant to an Other Stock-Based Award pursuant to this Section 4.1 shall only occur if
Grantee continues to be actively employed by the Corporation or any of its Affiliates on the last day of the Performance Period. 
 (d) Exceptions to Employment Condition. Notwithstanding Section 4.1(c), if the Grantee’s termination of employment occurs prior to the end of the Performance Period by reason of (i) Grantee’s death,
(ii) Grantee’s disability (covered by a long-term disability plan of the Corporation or an Affiliate then in effect), (iii) Grantee’s termination of employment by the Corporation “without cause” as defined in the Plan,
on or after March 10, 2009, (iv) Grantee’s termination on or after Grantee’s attainment of age 55 and before Grantee’s attainment of age 60, with ten years of credited employment with the Corporation or an Affiliate or
predecessor thereof, (v) Grantee’s termination on or after Grantee’s attainment of age 60 or (vi) sale of a business unit or subsidiary of the Corporation by which Grantee is employed, then Grantee shall be entitled to a pro-rata
derestriction of the Restricted Stock and a pro-rata issuance of shares (or payment of 

  

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cash) pursuant to the Other Stock-Based Award (rounded down to the nearest whole share), equal to the number of shares (or amount of cash) the Grantee would
have received if he or she had remained employed through the last day of the Performance Period, multiplied by a fraction equal to the number of whole months of employment completed during the Performance Period divided by 36 months, contingent upon
the extent to which the performance criteria is satisfied for such Performance Period. In the event the Grantee is entitled to a pro-rata derestriction or issuance as set forth in this Section 4.1(d), the timing of such derestriction or
issuance shall be in accordance with Sections 3.3 and 4.1(e), respectively. 
 (e) Issuance of Shares for Other Stock-Based Award. To the extent some or all of the shares of Stock represented by the Other Stock-Based Award are earned as provided in Section 4.1 and upon the certification set forth in
Section 4.2 hereof, the Corporation will either (i) cause to be delivered to Grantee (which delivery may be by interoffice mail or by the U.S. mail at the last address for Grantee then indicated in the Corporation’s records)
certificates for such shares registered in the name of Grantee (or cash) or (ii) credit such shares (or cash) to a book-entry account in Grantee’s name; provided further that the issuance of shares and/or payment of cash earned pursuant to
the Other Stock-Based Award shall be made within 2 1/2 months following the end of the year in which the Performance Period ends.
If payment is made in cash, the amount will be based upon the Fair Market Value of the shares otherwise issuable, as defined under the Plan, on the last day of the Performance Period, payable without interest. 
 4.2 Committee Certification. As promptly as practicable after the end of the Performance Period, the Human Resources and Compensation Committee of the
Board of Directors (the “Committee”) shall determine, in accordance with the terms of the Plan and this Agreement, and certify whether and the extent to which the performance criteria has been satisfied and the number, if any, of the
shares of Restricted Stock and/or shares (or cash) represented by the Other Stock-Based Award are earned under Section 4.1, subject further to its negative discretion to reduce or eliminate such amounts. 
 4.3 Except as provided in Section 4.1(d), upon the effective date of a termination of Grantee’s employment with the Corporation all shares of
Restricted Stock then subject to restrictions on Disposition, including any dividends paid thereon, and stock (and/or cash) subject to the Other Stock-Based Award, including any dividend equivalents accrued thereon, shall immediately be forfeited
and returned to the Corporation without consideration or further action being required of the Corporation. For purposes of this Agreement, the effective date of Grantee’s termination shall be the date upon which Grantee ceases to perform
services as an employee of the Corporation or any of its subsidiaries, without regard to accrued vacation, severance or other benefits or the characterization thereof on the payroll records of the Corporation or any of its subsidiaries. 

SECTION 5: Miscellaneous 
 5.1
Notwithstanding any other provision of this Agreement, Grantee hereby agrees to take any action, and consents to the taking of any action by the Corporation, with respect to the Stock awarded hereunder necessary to achieve compliance with applicable
laws or regulations in effect from time to time. Any determination by the Committee with respect to the need for any 

  

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action in order to achieve such compliance with laws or regulations shall be final, binding and conclusive. The Corporation shall in no event be obligated to
register any securities pursuant to the Securities Act of 1933 (as the same shall be in effect from time to time) or to take any other affirmative action in order to cause the award of Stock under the Plan, the lapsing of restrictions thereon or the
delivery of certificates therefor to comply with any law or regulation in effect from time to time. 
 5.2 Grantee shall be advised by the
Corporation or an Affiliate as to the amount of any federal, state, local or foreign income or employment taxes required to be withheld by the Corporation or such Affiliate on the compensation income resulting from the award of, or lapse of
restrictions on, or issuance of the Stock or payment of cash. Grantee shall pay any taxes required to be withheld directly to the Corporation or any Affiliate in cash upon request, except that the Grantee may satisfy such obligation in whole or in
part by requesting the Corporation in writing to withhold from the shares of Stock otherwise deliverable to the Grantee shares of Common Stock having a Fair Market Value, as defined in the Plan, on the date of determination of the tax, equal to the
amount of the withholding tax obligation to be so satisfied. Grantee understands that no shares of Stock shall be delivered to Grantee, notwithstanding the earning thereof, unless and until Grantee shall have satisfied any obligation for withholding
taxes with respect thereto as provided herein. 
 5.3 Grantee hereby indemnifies the Corporation and holds it harmless from and against any
and all damages or liabilities incurred by the Corporation (including liabilities for attorneys’ fees and disbursements) arising out of any breach by the Grantee of this Agreement, including, without limitation, any attempted Disposition in
violation of Section 3.1 hereof. 
 5.4 Nothing herein shall be construed as giving Grantee any right to be retained in the employ of
the Corporation or affect any right that the Corporation may have to terminate the employment of Grantee. 
 5.5 This Agreement is subject in
all respects to the terms of the Plan, as amended and interpreted from time to time by the Committee; provided, however, that no alteration, amendment, revocation or termination of the Plan shall, without the written consent of Grantee, adversely
affect the rights of Grantee with respect to the awards made hereunder. Should there be any inconsistency between the provisions of this Agreement and the terms and conditions of the Plan, the provisions in the Plan shall govern, provided further
that in the event of any discrepancy between this Agreement and the executive compensation proposal executed December 22, 2006, the executive compensation proposal shall control. Grantee may obtain a copy of the Plan by writing or
calling the Executive Compensation Division of the Corporation’s Human Resources Department. 
 5.6 This Agreement shall be construed
and enforced in accordance with the laws of the Commonwealth of Pennsylvania, other than any choice of law provisions calling for the application of laws of another jurisdiction. 
  

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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above
written. 
  

			
	THE BANK OF NEW YORK MELLON CORPORATION
		
	By:	 	  

		 	Chief Executive Officer
	
	GRANTEE
	
	  

  

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 EXHIBIT A 
 Peer Group Companies/Calculation & Method 

 EXHIBIT B 
 Restricted Stock Payout Schedule 

 EXHIBIT C 
 Other Stock-Based Award Payout ScheduleForm of 2008 Stock Option Agreement, Robert P. Kelly

 Exhibit 10.9 
 MELLON FINANCIAL CORPORATION 
 LONG-TERM PROFIT INCENTIVE PLAN (2004) 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 THIS AGREEMENT, made this 10th
day of March, 2008, by and between The Bank of New York Mellon Corporation (the “Corporation”), having its principal place of business in the State of New York, 
 a 
     n 
         d 
                             , a key employee (the “Optionee”) of the Corporation.

 WITNESSETH THAT: 
 WHEREAS,
the Optionee is now employed by the Corporation (“Corporation,” when used herein with reference to employment of the Optionee, shall include any Affiliate of the Corporation as defined in the Plan) as a key employee; and 
 WHEREAS, the Corporation maintains the Mellon Financial Corporation Long-Term Profit Incentive Plan (2004) (the “Plan”) under which the
Corporation may grant to certain key employees of the Corporation options to purchase common stock of the Corporation (hereinafter “Common Stock”); and 
 WHEREAS, the Corporation desires to grant a stock option for «StockOptions» shares of Common Stock to the Optionee. 
 NOW THEREFORE, in consideration of the covenants and agreements herein contained and intending to be legally bound, the parties hereto hereby agree with each other as follows: 
 SECTION 1: Employment 
 1.1 Neither
the grant of the Option nor anything else contained in this Agreement shall be deemed to limit or restrict the right of the Corporation to terminate the Optionee’s employment at any time, for any reason, with or without cause. 
 SECTION 2: Stock Option 
 2.1 Subject
to the terms and conditions set forth herein and to the terms of the Plan, the Corporation hereby grants to the Optionee the right and option to purchase at any time and from time to time from the Corporation at a price of $42.31 per share (the
“Option Price”), which is the Fair Market Value, as defined in the Plan, of the shares of Common Stock covered by the Option on the date of grant, up to, but not exceeding in the aggregate, the number of shares of Common Stock stated above
(the “Option”). 

 SECTION 3: Exercise and Withholding 
 3.1 This Option may not be exercised prior to March 10, 2009. Subject to Section 4 of this Agreement: (1) This Option may be exercised
between March 10, 2009 and March 9, 2010, inclusive, for a number of shares of Common Stock equal to one-fourth of the number of shares covered by this Option (rounded upward to the nearest whole share) minus the aggregate number of shares
purchased hereunder prior to the date of exercise; (2) This Option may be exercised between March 10, 2010 and March 9, 2011, inclusive, for a number of shares of Common Stock equal to one-half of the number of shares covered by this
Option (rounded upward to the nearest whole share) minus the aggregate number of shares purchased hereunder prior to the date of exercise; (3) This Option may be exercised between March 10, 2011 and March 9, 2012, inclusive, for a
number of shares of Common Stock equal to three-fourths of the number of shares covered by this Option (rounded upward to the nearest whole share) minus the aggregate number of shares purchased hereunder prior to the date of exercise; and
(4) This Option may be exercised between March 10, 2012 and March 9, 2018, inclusive, for a number of shares of Common Stock equal to the full number of shares covered by this Option minus the aggregate number of shares purchased
hereunder prior to the date of exercise. This Option may not be exercised after March 9, 2018. 
 3.2 This Option shall be exercised by
the Optionee by delivering to the Corporate Compensation Division of the Corporation’s Human Resources Department (AIM No. 151-0722) (i) this Agreement signed by the Optionee, (ii) a written notification specifying the number of
shares which the Optionee then desires to purchase, (iii) a check payable to the order of the Corporation and/or shares, or certification of ownership for shares, of Common Stock equal in value to the aggregate Option Price of such shares
and/or an instruction from the Optionee directing the Corporation to withhold shares of Common Stock otherwise receivable upon exercise of this Option (subject to any restrictions regarding prior ownership of such shares or an equivalent number of
shares imposed by the Corporation), and (iv) a stock power executed in blank for any shares of Common Stock delivered pursuant to clause (iii) hereof. If required by the Corporation, shares of Common Stock surrendered or certified in
exercise of this Option shall have been held by the Optionee for at least six months prior to such delivery, and shall be valued as of the date, and by the means, prescribed by the Corporation’s procedures in effect at the time of such exercise
and in accordance with the terms of the Plan. 
 3.3 In each case where the Optionee exercises this Option in whole or in part the
Corporation will notify the Optionee of the amount of withholding tax, if any, required under federal and, where applicable, state and local law, and the Optionee shall, forthwith upon the receipt of such notice, remit the required amount to the
Corporation or, in accordance with such regulations as the Committee, as hereinafter defined, may prescribe, elect to have the withholding obligation satisfied in whole or in part by the Corporation withholding full shares of Common Stock and
crediting them against the withholding obligation. 
 3.4 As soon as practicable after each exercise of this Option and compliance by the
Optionee with all applicable conditions, the Corporation will credit the number of shares of Common Stock, if any, which the Optionee is entitled to receive upon such exercise under the provisions of this Agreement to a book-entry account in the
Optionee’s name. 
  

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 3.5 From time to time and for any reason it deems appropriate, the Corporation may amend its procedures
for the exercise of stock options, and if such procedures are so amended, the provisions of Sections 3.2, 3.3 and 3.4 hereof shall be amended immediately and automatically to incorporate such amendment; provided, however, that no such
amendment shall be incorporated without the Optionee’s written consent if it would adversely affect the Optionee’s rights under Section 2.1, 3.1, or 4.1 hereof. 
 SECTION 4: Termination of Employment 
 4.1 If the Optionee’s employment is
terminated, this Option will expire on the Termination Date (as defined in Section 4.3 hereof) except in the following limited circumstances; provided, however, notwithstanding anything to the contrary contained in this Agreement, under no
circumstances shall the Optionee be permitted to exercise this Option after March 9, 2018: 
 (a) Retirement: 
 (i) If the Optionee’s employment with the Corporation is terminated and the Payroll Separation Date (as defined in Section 4.3 hereof) is on or
after the Optionee’s attainment of age 55 but prior to the Optionee’s attainment of age 60, the Optionee shall have three years from the Payroll Separation Date to exercise the Options that were vested as of the Payroll Separation Date.

 (ii) If the Optionee’s employment with the Corporation is terminated and the Payroll Separation Date is on or after the
Optionee’s attainment of age 60 but prior to the Optionee’s attainment of age 65, this Option will continue to vest as set forth in Section 3.1 of this Agreement and the Optionee will have five years from the Payroll Separation Date
to exercise the Optionee’s vested Options. 
 (iii) If the Optionee’s employment with the Corporation is terminated and the Payroll
Separation Date is on or after the Optionee’s attainment of age 65, this Option will automatically become fully exercisable upon the Termination Date (if the Optionee is age 65 on such date or otherwise upon the date on which the Optionee turns
age 65) and the Optionee will have seven years from the Payroll Separation Date to exercise the Optionee’s vested Options. 
 (b)
Disability. If the Optionee’s termination of employment is by reason of his or her total disability covered by a long-term disability plan of the Corporation then in effect, this Option shall automatically become fully exercisable on the
first day for which the Optionee receives long-term disability benefits, and the Optionee will have two years from such date to exercise the Optionee’s vested Options. 
 (c) Change in Control Event. Notwithstanding Section 4.5 of the Plan, this Option shall not become fully exercisable immediately and
automatically upon the occurrence of a 

  

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Change in Control Event, as defined in Section 2.4 of the Plan. However, if the Optionee’s employment is terminated by the Corporation
“without cause,” as defined in Section 4.6(d) of the Plan, within two years after the occurrence of a Change in Control Event occurring after the date of this grant, this Option shall automatically become fully exercisable and the Optionee
will have one year from the Payroll Separation Date to exercise the Optionee’s vested Options. 
 (d) Without Cause Termination.

 (i) If the Optionee’s employment is terminated by the Corporation without “Cause” (as defined in that certain Change in
Control Agreement between the Corporation and the Optionee effective as of February 13, 2006, as amended) on or before February 13, 2009, this Option shall automatically become fully exercisable and the Optionee will have three years from the
Payroll Separation Date to exercise the Optionee’s vested Options. 
 (ii) If the Optionee’s employment is terminated by the
Corporation “without cause,” as defined in Section 4.6(d) of the Plan, after February 13, 2009, and the Optionee is not displaced/separated in accordance with the Mellon Financial Corporation Displacement Program/The Bank of New York
Mellon Corporation Separation Plan or receiving separation/transition pay, the Optionee will have thirty days from the Termination Date to exercise the Options that were vested as of the Termination Date. 
 (e) Death. If the Optionee shall die while employed by the Corporation, or within a period following termination of employment during which this
Option remains exercisable, the then remaining unvested portion of this Option shall automatically become fully exercisable and the executor or administrator of the Optionee’s estate or the person or persons to whom the Optionee shall have
transferred such right by Will or by the laws of descent and distribution will have two years from the date of death to exercise the Optionee’s vested Options. 
 (f) Sale of Business Unit or Subsidiary. If the Optionee’s employment with the Corporation is terminated by the Corporation due to the sale of a business unit or subsidiary of the Corporation by which the
Optionee is employed, and the Optionee is not displaced/separated pursuant to the Mellon Financial Corporation Displacement Program/The Bank of New York Mellon Corporation Separation Plan or other termination by the Corporation providing
transition/separation pay, upon the Termination Date, any then unvested Options, if any, shall vest on a pro-rata basis equal to (i) the number of whole and fractional months from the date of this grant through the Termination Date, divided by
(ii) 48 months which is the full vesting period of this grant, with the result multiplied by (iii) the total number of the Options granted hereunder, with that result reduced by (iv) the number of Options that were already vested as
of the Termination Date, and all remaining Options will expire immediately. In such case, the Optionee will have two years from the Termination Date to exercise the Options that were vested as of the Termination Date. 
 (g) Displacement/Separation. If the Optionee’s employment is terminated in accordance with the Mellon Financial Corporation Displacement
Program/The Bank of New York Mellon Corporation Separation Plan or other termination by the Corporation providing 

  

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separation/transition pay, this Option shall continue to become exercisable in accordance with Section 3.1 hereof through the Payroll Separation Date
and the Optionee will have one year from the Payroll Separation Date to exercise the Optionee’s vested Options. 
 4.2 Except as
provided in Section 4.1 hereof, and notwithstanding Section 4.6 of the Plan, this Option will expire on the Termination Date. 
 4.3 As used in this Agreement, (i) “Termination Date” shall mean the date upon which the Optionee ceases performing services as an employee of the Corporation, without regard to accrued vacation, severance or other benefits
or the characterization thereof on the payroll records of the Corporation; and (ii) “Payroll Separation Date” shall mean the last day for which the Optionee receives salary continuance or separation/transition pay from the
Corporation, if any, without regard to any period during which receipt of payments may be delayed to avoid imposition of additional taxes under Section 409A of the Internal Revenue Code of 1986, as amended. If the Optionee does not receive
salary continuance or separation/transition pay from the Corporation, the Payroll Separation Date will be the same date as the Termination Date. 
 SECTION 5: Miscellaneous 
 5.1 Whenever the word “Optionee” is used in any provision of this Option under
circumstances where the provision should logically be construed to apply to the executors, the administrators or the person or persons to whom this Option may be transferred as permitted herein, the word “Optionee” shall be deemed
to include such person or persons. 
 5.2 This Option may not be transferred except by the Optionee upon his or her death. No other
assignment or transfer of this Option, or of the rights represented thereby, whether voluntary or involuntary, by operation of law or otherwise shall be permitted, but immediately upon any such assignment or transfer this Option shall terminate and
become of no further effect. This Option shall be exercisable only by the Optionee or by an entity or other person to which this section permits transfer and shall remain subject to any restrictions on exercise and otherwise as if held by the
Optionee. The Corporation shall have received an amount sufficient to satisfy any federal, state, local or other withholding tax requirements prior to crediting the shares issuable upon exercise of this Option to a book-entry account. 
 5.3 If there is any change in the Common Stock by reason of any stock split, stock dividend, spin-off, split-up, spin-out, recapitalization, merger,
consolidation, reorganization, combination or exchange of shares, or any other similar transaction, the number and kind of shares subject to this Option and the Option Price, as applicable, shall be appropriately adjusted by the Human Resources and
Compensation Committee of the Board of Directors of the Corporation (the “Committee”). 
 5.4 Notwithstanding any other provision
hereof, the Optionee hereby agrees that he or she will not exercise the Option granted hereby, and that the Corporation will not be obligated to issue any shares to the Optionee hereunder, if the exercise thereof or the issuance of such shares shall
constitute a violation by the Optionee or the Corporation of any provision of law or regulation of any governmental authority. Any determination in this connection by the 

  

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Committee shall be final, binding and conclusive. The Corporation shall in no event be obliged to register any securities pursuant to the Securities Act of
1933 (as the same shall be in effect from time to time) or to take any other affirmative action in order to cause the exercise of the Option or the issuance of shares pursuant thereto to comply with any law or regulation of any governmental
authority. 
 5.5 No amount of income received by an Optionee pursuant to this Agreement shall be considered compensation for purposes of any
pension or retirement plan, insurance plan or any other employee benefit plan of the Corporation. 
 5.6 The parties hereto agree that the
Option granted hereby is not, and should not be construed to be, an incentive stock option under Section 422 of the Internal Revenue Code, as amended. 
 5.7 The Optionee accepts the grant of the Option confirmed hereby, and agrees to be bound by the terms and provisions of the Plan, as the Plan may be amended from time to time; provided, however, that no alteration,
amendment, revocation or termination of the Plan shall, without the written consent of the Optionee, adversely affect the rights of the Optionee with respect to the Option. Except as otherwise specifically provided in Section 4.1 or 4.2 hereof,
should there be any inconsistency between the provisions of this Option and the terms and conditions of the Plan, the provisions in the Plan shall govern and prevail. A copy of the Plan may be obtained by writing or calling the Corporate
Compensation Division of the Corporation’s Human Resources Department in Pittsburgh, Pennsylvania. 
 5.8 In the event the Optionee
fails to comply with any rules or regulations the Corporation establishes with respect to its businesses (including the Corporation’s Code of Conduct and Interpretive Guidance), the Corporation may cancel or revoke all or any portion of this
Option with respect to the shares not yet exercised. The Corporation shall have sole discretion to determine what constitutes such failure. 
 5.9 This Agreement shall be construed and enforced in accordance with the laws of the Commonwealth of Pennsylvania, other than any choice of law rules calling for the application of laws of another jurisdiction. 
  

 -6- 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above
written. 
  

			
	THE BANK OF NEW YORK MELLON CORPORATION
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	OPTIONEE
	
	  

  

 -7-

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