Document:

Form of Visa Inc. 2007 Equity Incentive Comp Plan - Performance Share Award

 Exhibit 10.39 
 VISA INC. 2007 EQUITY INCENTIVE COMPENSATION PLAN 
 Performance Share Award Agreement

 This PERFORMANCE SHARE AWARD AGREEMENT (this “Agreement”), dated November 5, 2011 (the
“Grant Date”), is by and between VISA INC. (the “Company”) and <PARTC_NAME> (the “Participant”), pursuant to the Visa Inc. 2007 Equity Incentive Compensation Plan (the
“Plan”). Capitalized terms that are not defined herein shall have the meanings given to such terms in the Plan. 
 WHEREAS, pursuant to the provisions of the Plan, the Committee has authorized the grant to the Participant of Performance Shares in accordance with the terms and conditions of this Agreement; and 

WHEREAS, the Participant and the Company desire to enter into this Agreement to evidence and confirm the grant of such
Performance Shares on the terms and conditions set forth herein. 
 NOW, THEREFORE, the Participant and the
Company agree as follows: 
 1.      Grant of Performance
Shares.    Pursuant to the provisions of the Plan and this Agreement, the Company on the Grant Date has granted and hereby evidences the grant to the Participant, subject to the terms and conditions set forth herein and in
the Plan, of an award of <OPTS_GRANTED> Performance Shares (this “Award”). 

2.      Payment of Earned and Vested Performance Shares.    Subject to the
provisions of this Section 2 and Sections 4 and 5 of the Agreement, the Payment Value of each Performance Share covered by this Award that has been determined, in writing, to be earned and vested pursuant to Sections 3, 4(b) or 5 shall be paid
or delivered to the Participant on a date that is as soon as administratively practicable (but no later than 60 days) after the applicable vesting date described in Sections 3(b), 4(b) or 5 on which such Performance Share initially becomes vested.
For purposes of this Agreement, “Payment Value” means the Fair Market Value of a Share on the applicable vesting date. Payments hereunder shall be made in Shares, unless the Committee, in its discretion, determines to make such
payments in cash or a combination of cash and Shares. The foregoing to the contrary notwithstanding, if the Participant’s Separation from Service occurs under any circumstances other than death, any such payment due by reason of such Separation
from Service shall be delayed for six months from the date of the Participant’s Separation from Service if the Participant is a “specified employee” (as such term is defined in Section 409A(a)(2)(B)(i) of the Code) determined
in accordance with the methodology established by the Company as in effect on the date of such Separation from Service. 
 3.      Performance Criteria and Vesting Applicable to Performance Shares. 
 (a)      Performance Criteria. 

(i)      Performance Cycle.    The Performance Cycle for this Award shall
end on September 30, 2014. 

  

					
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 (ii)      Performance
Goals.    The Performance Goals for this Award are (A) specified levels of the Company’s Earnings Per Share (EPS) over the course of the Performance Cycle and (B) the total shareholder return of the Company
ranked against the total shareholder return of companies that are included in the Standard & Poor’s 500 Index (“S&P 500 Index”) as of the end of the applicable period used for purposes of calculating this goal, as
described below (“TSR Rank”). For this purpose, “Earnings Per Share” or “EPS” means the Company’s fiscal year 2012 and 2013 and 2014 diluted earnings per share reported in its annual report on Form
10-K for the applicable years. The Committee, in its discretion, may determine to adjust the results by excluding some or all of the effects of certain unusual items. “TSR Rank” means the aggregate total shareholder return on Shares over
the approximately three year period beginning October 26, 2011 and ending on the day the Company’s earnings are announced following the close of the Company’s 2014 fiscal year, ranked against the total shareholder return over the same
three year period for each of the companies that comprise the S&P 500 Index. Total shareholder return will be calculated using a beginning price equal to the trading volume weighted average price over the period from October 6, 2011 to
November 16, 2011, and an ending price equal to the trading volume weighted average price over the period beginning 14 trading days before and ending 15 trading days after the date of the release of the Company’s fiscal year 2014 earnings,
and accounting for reinvestment of dividends over this period; provided, however, that if the date of the release of the Company’s fiscal year 2014 earnings is fewer than 15 trading days prior to November 21, 2014, then the ending price
will be equal to the average price over the 30-trading day period ending on November 21, 2014. For purposes of this provision, TSR will be calculated using the trading volume weighted average share price for Visa Inc. and the simple average of
the closing prices for the S&P 500. 
 (iii)      Percentage of Performance Shares
Earned.    Following the end of the Performance Cycle, the Committee will determine the extent to which Performance Shares have become earned during the Performance Cycle according to the product of the results of the
following two schedules and accompanying descriptions: 
  

					
	 Performance Level
	  	 Earnings Per Share
	  	 Base Percentage of
Performance
Shares
Earned

		  	Less than [        ]	  	    0%
	 Threshold
	  	[        ]	  	  50%
	 Target
	  	[        ]	  	100%
	 Maximum
	  	[        ] or more	  	200%

 The foregoing schedule sets forth the specific EPS goals for the Company’s fiscal year 2012. The Committee
shall determine the applicable Threshold, Target and Maximum EPS goals for the remaining two years of the Performance Cycle (fiscal years 2013 and 2014) based on the Company’s annual operating plan for the applicable year. If the Earnings Per
Share for an applicable year of the Performance Cycle falls between Threshold and Target, or between Target and Maximum, then the percentage of Performance Shares earned shall be the sum of the Base Percentage of Performance Shares Earned in the
schedule above for the lower such Performance Level plus the product of (i) the difference between the Base Percentage of Performance Shares Earned in the schedule above for the greater and lower such Performance Levels and (ii) a
fraction, the numerator of which is the amount by which the Earnings Per Share 

  

					
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achieved exceeds the Earnings Per Share in the schedule above for the lower such Performance Level and the denominator of which is the difference between Earnings Per Share amounts in the
schedule above for the greater and lower of such Performance Levels. The Percentage of Performance Shares Earned with respect to Earnings Per Share for the Performance Cycle shall be determined based on the average Base Percentage of Performance
Shares Earned over the three years of the Performance Cycle and shall never exceed 200%. 
  

					
	 Performance Level
	  	 TSR Rank
	  	 Adjustment

Multiplier

	 Threshold
	  	0 - 25%	  	  75%
	 Target
	  	50%	  	100%
	 Maximum
	  	75% and above	  	125%

 If the Performance Level for TSR Rank falls between Threshold and Target, or between Target and Maximum, then the
Adjustment Multiplier shall be the sum of the Adjustment Multiplier in the schedule above for the lower such Performance Level plus the product of (i) the difference between the Adjustment Multiplier in the schedule above for the greater and
lower such Performance Levels and (ii) a fraction, the numerator of which is the amount by which the TSR Rank achieved exceeds the TSR Rank in the schedule above for the lower such Performance Level and the denominator of which is the
difference between TSR Ranks in the schedule above for the greater and lower of such Performance Levels. The Adjustment Multiplier for the TSR Rank shall never exceed 125%. The product of the Base Percentage Performance Shares Earned and the
Adjustment Multiplier shall be limited to a maximum of 200% and is then multiplied by the grant amount to determine the number of Performance Shares earned. 
 (iv)      Notification.    As soon as practicable following the end of the Performance Cycle, the Participant shall be notified in writing of the number of
Performance Shares earned. 
 (b)      Vesting.    Subject to
Sections 4 and 5 of this Agreement, all of the Performance Shares that are earned pursuant to Section 3(a) shall become vested on November 30, 2014. 
 (c)      Separate Payments.    For purposes of this Award and Agreement, each amount to be paid hereunder shall be construed as a separate identified payment
for purposes of Section 409A of the Code. 
 4.      Separation from Service.

 (a)      In General.    Except as otherwise provided in this
Section 4 or in Section 5 of this Agreement or in the Plan, all Performance Shares subject to this Award that have not become vested pursuant to Section 3(b) prior to the date of the Participant’s Separation from Service shall be
immediately forfeited upon such Separation from Service. 

  

					
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 (b)      This Section 4(b) applies only in the event that
(I) a Change of Control has not occurred prior to November 30, 2014, or (II) a Change of Control has occurred prior to November 30, 2014, but the Participant’s Separation from Service has not occurred within two years following
the Change of Control: 
 (i)      Separation from Service by Reason of Death, Disability, Without Cause
or Retirement Before the End of the Performance Cycle: Upon a Participant’s Separation from Service before the end of the Performance Cycle (A) due to death or Disability (as defined below), (B) either by the Company, a Subsidiary
or an Affiliate without Cause (as defined below), or (C) by the Participant at or after the earlier of (1) attainment of normal retirement eligibility under the generally applicable retirement plan of the Company, a Subsidiary or an
Affiliate under which the Participant is covered in his or her home country; or (2) attainment of age sixty and five years of completed service and six months of service from the date of grant (“Retirement”), then the Participant
shall be fully vested, as of November 30, 2014, in all of the Performance Shares that would have been both earned pursuant to Section 3(a)(iii), and vested pursuant to Section 3(b), had the Participant remained in employment through
November 30, 2014. 
 (ii)      Separation from Service by Reason of Death, Disability, Without
Cause or Retirement After the End of the Performance Cycle: Upon a Participant’s Separation from Service after the end of the Performance Cycle (A) due to death or Disability, (B) either by the Company, a Subsidiary or an
Affiliate without Cause, or (C) by the Participant by reason of Retirement, then the Participant shall be fully vested, as of the date of such Separation from Service, or if later, as of November 30, 2014, in all of his or her Performance
Shares that had been earned pursuant to Section 3(a)(iii) but had not yet vested under Section 3(b) as of the date of such Separation from Service. 
 (iii)      Separation from Service, Whether Before or After the End of the Performance Cycle, by the Company for Cause or by the Participant Other than by Reason of Death,
Disability, or Retirement: Upon a Participant’s Separation from Service, whether before or after the end of the Performance Cycle, (A) by the Company for Cause, or (B) by the Participant other than by reason of death, Disability
or Retirement, then any and all of the Performance Shares that have not vested as the date of such Separation from Service shall be forfeited. 
 5.      Change of Control. 

(a)      This Section 5(a) applies (I) only in the event that (A) a Change of Control has occurred
prior to November 30, 2014, and (B) the Participant’s Separation from Service has occurred within two years following the Change of Control, and (II) notwithstanding any provision in Sections 2, 3 or 4 of this Agreement to the
contrary: 
 (i)      Separation from Service by Reason of Death, Disability, Without Cause, Good Reason
or Retirement Before the End of the Performance Cycle: Upon a Participant’s Separation from Service before the end of the Performance Cycle (A) due to death or Disability, (B) either by the Company, a Subsidiary or an Affiliate
without Cause, (C) by the Participant for Good Reason (as defined below) or (D) by the Participant by reason of Retirement, then, as of the date of such Separation from Service, the Participant will become vested in that number of
Performance Shares subject to this Award that would have been 

  

					
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earned under Section 3(a)(iii), as of the end of the Performance Cycle, based on the deemed achievement of the Target Performance Level (within the meaning of Section 3(a)(iii)).

 (ii)      Separation from Service by Reason of Death, Disability, without Cause, Good Reason or
Retirement After the End of the Performance Cycle: Upon a Participant’s Separation from Service after the end of the Performance Cycle (A) due to death or Disability, (B) either by the Company, a Subsidiary or an Affiliate without
Cause, (C) by the Participant for Good Reason or (D) by the Participant by reason of Retirement, then the Participant shall be fully vested, as of such Separation from Service, or if later, as of November 30, 2014, in all of his or
her Performance Shares that have been earned pursuant to Section 3(a)(iii) but have not yet vested under Section 3(b); provided, however, that if the Change of Control had occurred prior to the end of the Performance Cycle, then the
Participant shall become vested, as of such Separation from Service, or, if later, as of November 30, 2014, in the greater of (I) all of his or her Performance Shares that have been earned pursuant to Section 3(a)(iii) but have not
yet vested under Section 3(b) as of the date of such Separation from Service, and (II) that number of Performance Shares subject to this Award that would have been earned as of the end of the Performance Cycle under Section 3(a)(iii),
based on the deemed achievement of the Target Performance Level (within the meaning of Section 3(a)(iii)). 

(iii)      Separation from Service, Whether Before or After the End of the Performance Cycle by the Company for
Cause or by the Participant Other than by Reason of Death, Disability, Good Reason or Retirement: Upon a Participant’s Separation from Service, whether before or after the end of the Performance Cycle, (A) by the Company for Cause, or
(B) by the Participant other than by reason of death, Disability, Good Reason or Retirement, then any of the Performance Shares that have not vested as the date of such Separation from Service shall be forfeited. 

(b)      For purposes of this Agreement, no Change of Control shall be deemed to have occurred unless it constitutes
a “change in the ownership or effective control of the corporation, or in the ownership of a substantial portion of the assets of the corporation” within the meaning of Section 409A of the Code. 

(c)      For the avoidance of doubt, Section 14.1(b) of the Plan shall not apply to the Performance Shares
subject to this Agreement to the extent such provision conflicts with this Section 5, but the applicable provisions of Article XIV of the Plan shall otherwise apply to this Agreement. 

6.      Restrictions on Transfer.    Performance Shares may not be sold,
assigned, hypothecated, pledged or otherwise transferred or encumbered in any manner except (a) by will or the laws of descent and distribution or (b) as otherwise permitted pursuant to the Plan. 

7.      Dividend Equivalents.    Each Performance Share subject to this
Award shall entitle the Participant to Dividend Equivalents with respect to regular cash dividends that would otherwise be paid on one Share during the period from the date such Performance Share is earned in accordance with Section 3(a) to the
date such Performance Share is paid in accordance with Section 2 or forfeited in accordance with Section 4 or 5. Any such Dividend Equivalent shall be paid to the Participant at (or within thirty (30) days following) the time such
related dividends are paid to holders of Shares. 

  

					
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 8.      No Rights as a Shareholder Prior to Issuance
of Shares.    Neither the Participant nor any other person shall become the beneficial owner of any Shares that may become payable with respect to the Performance Shares subject to this Award, nor have any rights to dividends
or other rights as a shareholder with respect to any such Shares, until and after such Shares, if any, have been actually issued in satisfaction of the Company’s obligations under this Award, in the time and manner specified in Section 2,
and such Shares are transferred on the books and records of the Company or its agent in accordance with the terms of the Plan and this Agreement. 
 9.      Taxes and Withholding.    The Company shall have the right to deduct from all amounts otherwise payable to the Participant in cash in respect of
Performance Shares covered by this Award any amount of taxes of any kind required by law to be withheld as may be necessary in the opinion of the Company to satisfy tax withholding required under the laws of any country, state, province, city or
other jurisdiction. In the case of any payments in the form of Shares of Performance Shares covered by this Award, at the Committee’s discretion, the Participant shall be required to either pay to the Company in cash the amount of any such
taxes required to be withheld with respect to such Shares or, in lieu thereof, the Company shall have the right to retain (or the Participant may be offered the opportunity to elect to tender) the number of Shares for which the Fair Market Value
equals such amount required to be withheld; provided, however, that the amount of any Shares so retained shall not exceed the amount necessary to satisfy required Federal, state, local and non-United States withholding obligations
using the minimum statutory withholding rates for Federal, state, local and/or non-U.S. tax purposes, including payroll taxes, that are applicable to supplemental taxable income. To the extent any such taxes are required by law to be withheld with
respect to the Performance Shares covered by this Award prior to the date such Performance Shares are paid in accordance with Section 2, the Participant shall be required to pay to the Company in cash the amount of such taxes promptly following
written notice thereof by the Company. 
 10.      No Right to Continued
Employment.    Neither the Performance Shares covered by this Award nor any terms contained in this Agreement shall confer upon the Participant any rights or claims except in accordance with the express provisions of the Plan
and this Agreement, and shall not give the Participant any express or implied right to be retained in the employment or service of the Company or any Subsidiary or Affiliate for any period or in any particular position or at any particular rate of
compensation, nor restrict in any way the right of the Company or any Subsidiary or Affiliate, which right is hereby expressly reserved, to modify or terminate the Participant’s employment or service at any time for any reason. The Participant
acknowledges and agrees that any right to vesting of this Award is earned only by continuing as an employee of the Company or a Subsidiary or Affiliate at the will of the Company or such Subsidiary or Affiliate, or satisfaction of any other
applicable terms and conditions contained in the Plan and this Agreement, and not through the act of being hired or being granted this Award. 
 11.      The Plan.    By accepting any benefit under this Agreement, the Participant and any person claiming under or through the Participant shall be
conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, all of the terms and conditions of the Plan and this Agreement and any action taken under the Plan by the Board, the Committee or the Company, in any
case in accordance with the terms and conditions of the Plan. Subject to Section 5(c) of this Agreement, in the event of any conflict between the provisions of the Plan and this Agreement, the provisions of the Plan shall control, and this

  

					
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Agreement shall be deemed to be modified accordingly. This Agreement is subject to all the terms, provisions and conditions of the Plan, which are incorporated herein by reference, and to such
rules, policies and regulations as may from time to time be adopted by the Committee. The Plan and the prospectus describing the Plan can be found on the Company’s HR intranet. A paper copy of the Plan and the prospectus shall be provided to
the Participant upon the Participant’s written request to the Company at 900 Metro Center Blvd., Foster City, California 94404, Attention: Stock Plan Administrator. 

12.      Certain Defined Terms.    For purposes of this Agreement, the
following terms shall have the meanings set forth below: 
 (a)      “Cause” shall have
the meaning set forth in the Visa Inc. Executive Severance Plan (the “Executive Severance Plan”); provided that, if at the Grant Date, the Participant is party to an effective employment agreement with the Company, a Subsidiary or
an Affiliate, the definition of Cause set forth in such agreement shall apply until the date on which such employment agreement expires. 
 (b)      “Disability” shall have the meaning set forth for such term in the Company’s or its Affiliate’s long-term disability plan under which the
Participant is covered from time to time; provided, that, if at the Grant Date, the Participant is party to an effective employment agreement with the Company, a Subsidiary or an Affiliate, the definition of “Disability” (or such
other term of similar import as may be used, such as “Permanent Disability”) in such agreement shall apply until the date on which such employment agreement expires. 

(c)      “Good Reason” shall have the meaning set forth in the Executive
Severance Plan; provided that, if at the Grant Date, the Participant is party to an effective employment agreement with the Company, a Subsidiary or an Affiliate, the definition of Good Reason set forth in such agreement shall apply
until the date on which such employment agreement expires. 
 (d)      “Separation from
Service” shall have the meaning ascribed to it under Section 409A of the Code and the Treasury Regulations promulgated thereunder. 
 13.      Compliance with Laws and Regulations. 

(a)      The Performance Shares subject to this Award and the obligation of the Company to deliver
Shares or cash payments hereunder shall be subject in all respects to (i) all applicable Federal and state laws, rules and regulations; and (ii) any registration, qualification, approvals or other requirements imposed by any government or
regulatory agency or body which the Committee shall, in its discretion, determine to be necessary or applicable. Moreover, the Company shall not deliver any certificates for Shares to the Participant or any other person pursuant to this Agreement if
doing so would be contrary to applicable law. If at any time the Company determines, in its discretion, that the listing, registration or qualification of Shares upon any national securities exchange or under any state or federal law, or the consent
or approval of any governmental regulatory body, is necessary or desirable, the Company shall not be required to deliver any certificates for Shares to the Participant or any other person pursuant to this Agreement unless and until such listing,
registration, qualification, consent or approval has been effected or obtained, or otherwise provided for, free of any conditions not acceptable to the Company. 

  

					
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 (b)      It is intended that any Shares received
pursuant to this Agreement shall have been registered under the Securities Act. If the Participant is an “affiliate” of the Company, as that term is defined in Rule 144 under the Securities Act (“Rule 144”), the
Participant may not sell the Shares received except in compliance with Rule 144. Certificates representing Shares issued to an “affiliate” of the Company may bear a legend setting forth such restrictions on the disposition or transfer of
the Shares as the Company deems appropriate to comply with federal and state securities laws. 

(c)      If at any time the Shares are not registered under the Securities Act, and/or there is no
current prospectus in effect under the Securities Act with respect to the Shares, the Participant shall execute, prior to the delivery of any Shares to the Participant by the Company pursuant to this Agreement, an agreement (in such form as the
Company may specify) in which the Participant represents and warrants that the Participant is purchasing or acquiring the Shares acquired under this Agreement for the Participant’s own account, for investment only and not with a view to the
resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such Shares shall be made only pursuant to either (i) a registration statement on an appropriate form under the
Securities Act, which registration statement has become effective and is current with regard to the Shares being offered or sold; or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such
exemption the Participant shall, prior to any offer for sale of such Shares, obtain a prior favorable written opinion, in form and substance satisfactory to the Company, from counsel for or approved by the Company, as to the applicability of such
exemption thereto. 
 14.      Notices.    All notices by the
Participant or the Participant’s successors or permitted assigns shall be addressed to the Company at 900 Metro Center Blvd., Foster City, California 94404, Attention: Stock Plan Administrator, or such other address as the Company may from time
to time specify. All notices to the Participant shall be addressed to the Participant at the Participant’s address in the Company’s records. 
 15.      Other Plans.    The Participant acknowledges that any income derived from this Award shall not affect the Participant’s participation in, or
benefits under, any other benefit plan or other contract or arrangement maintained by the Company or any Subsidiary or Affiliate. 
 16.      Acceptance or Rejection of this Award.    If you do not want to accept this Award, please complete the on-line form (“Accept or Reject Your
Grant”) as promptly as possible, but, in any case, within thirty (30) days after the Grant Date, to reject this Award. You can access this on-line form through your account at eac.Schwab.com. If you do not reject this Award
within thirty (30) days after the Grant Date, you will have accepted this Award and agreed to the terms and conditions set forth in this Agreement and the terms and conditions of the Plan. 

17.      Clawback Policy.    Notwithstanding any other provision of this
Agreement to the contrary, any cash incentive compensation received by the Participant, Performance Shares granted and/or Shares issued hereunder, and/or any amount received with respect to any sale of any such Shares, shall be subject to potential
cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Company’s Clawback Policy, as it may be amended from time to time (the “Policy”). The Participant agrees and consents to the
Company’s application. implementation and enforcement of (i) the Policy or any similar policy established by the Company that may apply to the Participant and (ii) any provision of applicable law relating to cancellation, rescission,
payback or recoupment of compensation, 

  

					
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and expressly agrees that the Company may take such actions as are necessary to effectuate the Policy, any similar policy (as applicable to the Participant) or applicable law without further
consent or action being required by the Participant. To the extent that the terms of this Agreement and the Policy or any similar policy conflict, then the terms of such policy shall prevail. 

  

					
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	  	 	9Form of Stock Option Award Agreement

 Exhibit 10.40 
 Notice of Option Grant 
  

			
	 Participant:
	  	 <first_name> <middle_name> <last_name>

		
	 Employee ID:
	  	 <emp_id>

		
	 Company:
	  	 Visa Inc.

		
	 Notice:
	  	 You have been granted the following stock option (the “Option”) to purchase Shares in accordance with the terms of the Visa Inc. 2007 Equity Incentive
Compensation Plan (the “Plan”) and the Stock Option Award Agreement ( the “Agreement” ) attached hereto.

		
	 Type of Award:
	  	 Nonqualified Stock Option

		
	 Grant ID:
	  	 <award_id>

		
	 Grant:
	  	 Grant Date: <award_date>
 Option Price per Share: <award_price>
 Number of Shares under Option:
<shares_awarded>

		
	 Vesting:
	  	 The exercise of your Option is subject to the terms of the Plan and this Agreement.

Beginning on each of the following dates, you may exercise your Option to purchase the corresponding portion of the total number of Shares
underlying your Option. You may then exercise your Option to purchase that portion of the Shares at any time until your Option terminates or expires.

		
		  	 Shares on Vesting Date
 <vesting_schedule>

		
		  	 However, in the event of your termination of employment due to death, Disability or Retirement (as those terms are defined in the Agreement), your Option will then
immediately become fully exercisable.

		
	 Expiration Date:
	  	 Your Option will expire ten years from the Grant Date, subject to earlier termination as set forth in the Plan and this Agreement.

		
	 Acceptance:
	  	 If you do not want to accept you Stock Option award, please complete the on-line form (“Accept or Reject Your Grant”) as promptly as possible, but, in any case,
within thirty (30) days after the Grant Date, to reject your Stock Option award. If you do not reject your award within thirty (30) days after the Grant Date, you will have accepted your Stock Options award and agreed to the terms and
conditions set forth in this Agreement and the terms and conditions of the Plan. You can access this on-line form through your account at eac.schwab.com.

 Visa Inc. 
 2007 Equity Incentive Compensation Plan 
 Stock Option Award Agreement 

This Stock Option Award Agreement (this “Agreement”), dated as of the Grant Date set forth in the Notice of Option Grant
attached as Schedule A hereto (the “Grant Notice”), is made between Visa Inc. (the “Company”) and the Participant set forth in the Grant Notice. The Grant Notice is included in and made part of this Agreement. 

1.      Grant of the Option. 

(a) Subject to the provisions of this Agreement and the provisions of the Visa Inc. 2007 Equity Incentive Compensation Plan (the
“Plan”), the Company hereby grants to the Participant, pursuant to the Plan, the right and option (the “Option”) to purchase all or any part of the number of shares of Class A Common Stock of the Company (“Shares”)
set forth in the Grant Notice at the Option Price per Share and on the other terms as set forth in the Grant Notice. 

(b) The Option is intended to be a Nonqualified Stock Option. 

2.      Exercisability of the Option. 

The Option shall become exercisable in accordance with the exercisability schedule and other terms set forth in the Grant Notice.
The Option shall terminate on the expiration date stated in the Grant Notice (the “Expiration Date”), subject to earlier termination as set forth in the Plan and this Agreement. 

3.      Method of Exercise of the Option. 

(a)    The Participant may exercise the Option, to the extent then exercisable, by delivering a written or
electronic notice to the Stock Plan Administrator in a form satisfactory to the Committee specifying the number of Shares with respect to which the Option is being exercised and payment to the Company of the aggregate Option Price in accordance with
Section 3(b). 
 (b)    At the time the Participant exercises the Option, the Participant shall
pay the Option Price of the Shares as to which the Option is being exercised to the Company, subject to such terms, conditions and limitations as the Committee may prescribe: ( i) in cash or its equivalent; (ii) by tendering (either by actual
delivery or attestation) unencumbered Shares previously acquired by the Participant exercising such Option having an aggregate Fair Market Value at the time of exercise equal to the total Option Price; (iii) a cashless (broker-assisted)
exercise that complies with all applicable laws; (iv) withholding of Shares otherwise deliverable to the Participant pursuant to the Option having an aggregate Fair Market Value at the time of exercise equal to the total Option Price; or
(v) by a combination of the consideration provided for in the foregoing clauses (i), (ii), (iii), and (iv). 

(c)    The Company’s obligation to deliver the Shares to which the Participant is entitled upon exercise
of the Option is conditioned on the Participant’s satisfaction in full to the Company of the aggregate Option Price of those Shares and the required tax withholding related to such exercise. 

4.      Termination. 

Except as provided below, the Option shall terminate and be forfeited upon Termination of the Participant, and upon such
termination and forfeiture of the Option, no Shares may thereafter be purchased under the Option. Notwithstanding anything contained in this Agreement, the Option shall not be exercised after the Expiration Date. 

(a)    Termination without Cause or by Participant.      Upon Termination
of the Participant by the Company or a Subsidiary or Affiliate without Cause (as defined below) or by the Participant other than under circumstances described in paragraph (b), (c), (d) or (e) of this Section 4, the Option, to the
extent exercisable as of the date of such Termination, shall thereafter be exercisable for a period of 90 days from the date of such Termination. 

 (b)    Death and
Disability.      Upon Termination of the Participant due to the Participant’s death or permanent disability (as defined under the Company’s, a Subsidiary’s or an Affiliate’s long -term disability
plan under which the Participant is covered from time to time “Disability”)), the Option shall thereafter be immediately exercisable for all or any portion of the full number of Shares available for purchase under the Option until the
first anniversary of the date of such Termination. 

(c)    Retirement.      Upon termination of the Participant at or after
the earlier of (1) attainment of normal retirement eligibility under the generally applicable retirement plan of the Company, a Subsidiary or an Affiliate under which the Participant is covered in his or her home country; or (2) attainment of
age sixty and five years of completed service and six months of service from the date of grant (“Retirement”), then the Period of Restriction shall lapse as to the full number of Shares of the award and the full number of Shares of the
award will be available for purchase under the Option until the third anniversary of the date of such Termination. 

(d)    Termination for Cause.      Upon Termination of the Participant by
the Company, a Subsidiary or an Affiliate for Cause, any portion of the Option, whether vested or unvested, that has not been exercised shall immediately terminate. 

(e)    Change of Control.      Notwithstanding any contrary provisions of
this Section 4, if a Change of Control occurs, and, at any time prior to the second (2nd) anniversary of such Change of Control, the Participant incurs a Termination, either by the Company, a Subsidiary or an Affiliate without Cause, or by
the Participant for Good Reason (as defined below), then the Option shall thereafter be exercisable for all or any portion of the full number of Shares available for purchase under the Option until the first anniversary of the date of such
Termination. For the avoidance of doubt, Section 14.1(a) of the Plan shall not apply to the Option to the extent such provision conflicts with this Section 4(e). 

(f)    Business Days.      If the relevant date until which the Option
would otherwise be exercisable specified in Section 4(a), (b), (c) or (e) hereof is not a business day on which the main office of Visa Inc. is open for business, such relevant date shall be deemed to be the immediately next following
such business day for purposes of such section. Notwithstanding the foregoing provisions of this Section 4, in no event may the Option be exercised after the Expiration Date. 

5. Non-Transferability of the Option. 

The Option shall not be transferable otherwise than by will or the laws of descent and distribution, and is exercisable, during the
lifetime of the Participant, only by him or her; provided, however, that the Committee may, in its discretion, permit the Option to be transferred subject to such conditions and limitations as the Committee may impose. Notwithstanding
the foregoing, during the Participant’s lifetime, the Option may be transferred to and exercised by the Participant’s former spouse pursuant to a domestic relations order which is approved by the Committee, in accordance with any
procedures, and subject to any limitations, as the Committee may prescribe and subject to applicable law. 
 6. Taxes
and Withholdings. 
 At the time of receipt of Shares upon the exercise of all or any part of the Option, the
Participant shall pay to the Company in cash, or make other arrangements, in accordance with Article XVI of the Plan, for the satisfaction of, any taxes of any kind and social security payments due or potentially payable or required to be withheld
with respect to such Shares; provided, however, that pursuant to any procedures, and subject to any limitations as the Committee may prescribe and subject to applicable law, the Participant may elect to satisfy, in whole or in part,
such withholding obligations by (a) directing the Company to withhold Shares otherwise issuable to the Participant upon exercise of the Option, provided, however, that the amount of any Shares so withheld shall not exceed the amount
necessary to satisfy required federal, state, local and non-United States withholding obligations using the minimum statutory withholding rates for federal, state, local and/or non-U.S. tax purposes, including payroll taxes, that are applicable to
supplemental taxable income; and/or (b) tendering to the Company a number of Shares then owned by the Participant (or by the Participant and his or her spouse jointly) and purchased or held for the requisite period of time as may be required to
avoid the Company or any Subsidiary or Affiliate incurring an adverse accounting charge and having an aggregate Fair Market Value as of the exercise date not greater than such tax and other obligations. Any such election made by the Participant must
be (i) made on or prior to the applicable exercise date; and (ii) irrevocable, made in writing, signed by the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems
appropriate. 

 Regardless of any action the Company, an Affiliate and /or a Subsidiary takes with
respect to any or all tax withholding (including social insurance contribution obligations, if any), the Participant acknowledges that the ultimate liability for all such taxes is and remain the Participant’s responsibility (or that of the
Participant’s beneficiary), and that none of the Company, an Affiliate and /or a Subsidiary: (a) makes any representations or undertakings regarding the treatment of any tax withholding in connection with any aspect of the Option,
including the grant or vesting thereof, the subsequent sale of Shares and the receipt of any dividends; or (b) commits to structure the terms of the Option or any aspect of the Option to reduce or eliminate the Participant’s (or his or her
beneficiary’s) liability for such tax. 
 7.      No Rights as a Shareholder.

 Neither the Participant nor any other person shall become the beneficial owner of the Shares subject to the Option,
nor have any rights to dividends or other rights as a shareholder with respect to any such Shares, until the Participant has actually received such Shares following the exercise of the Option in accordance with the terms of the Plan and this
Agreement. 
 8.      No Right to Continued Employment. 

Neither the Option nor any terms contained in this Agreement shall confer upon the Participant any rights or claims except in
accordance with the express provisions of the Plan and this Agreement, and shall not give the Participant any express or implied right to be retained in the employment or service of the Company or any Subsidiary or Affiliate for any period or in any
particular position or at any particular rate of compensation, nor restrict in any way the right of the Company or any Subsidiary or Affiliate, which right is hereby expressly reserved, to modify or terminate the Participant’s employment or
service at any time for any reason. The Participant acknowledges and agrees that any right to exercise the Option is earned only by continuing as an employee of the Company or a Subsidiary or Affiliate at the will of the Company or such Subsidiary
or Affiliate, or satisfaction of any other applicable terms and conditions contained in the Plan and this Agreement, and not through the act of being hired, being granted the Option or acquiring Shares hereunder. 

9.      The Plan. 

By accepting any benefit under this Agreement, the Participant and any person claiming under or through the Participant shall be
conclusively deemed to have indicated his or her acceptance and ratification of, and consent to, all of the terms and conditions of the Plan and this Agreement and any action taken under the Plan by the Board, the Committee or the Company, in any
case in accordance with the terms and conditions of the Plan. Unless defined herein, capitalized terms are used herein as defined in the Plan. In the event of any conflict between the provisions of the Plan and this Agreement, the provisions of the
Plan shall control, and this Agreement shall be deemed to be modified accordingly. This Agreement is subject to all the terms, provisions and conditions of the Plan, which are incorporated herein by reference, and to such rules, policies and
regulations as may from time to time be adopted by the Committee. A paper copy of the Plan and the prospectus shall be provided to the Participant upon the Participant’s written request to the Company at 900 Metro Center Blvd., Foster City,
California 94404, Attention: Stock Plan Administrator. 
 10.      Certain Defined
Terms. 
   For purposes of this Agreement, the following terms shall have the meanings set forth below:

   (a) “Cause” means:    (i) engaging in (A) willful or gross
misconduct or (B) willful or gross neglect; (ii) repeatedly failing to adhere to the directions of superiors or the Board or the written policies and practices of the Company, a Subsidiary or an Affiliate; (iii) the commission of a
felony or a crime of moral turpitude, dishonesty, breach of trust or unethical business conduct, or any crime involving the Company, a Subsidiary or an Affiliate; (iv) fraud, misappropriation or embezzlement; (v) a material breach of the
Participant’s employment agreement (if any) with the Company, a Subsidiary or an Affiliate; (vi) acts or omissions constituting a material failure to perform substantially and adequately the duties assigned to the Participant;
(vii) any illegal act detrimental to the Company, a Subsidiary or an Affiliate; or (viii) repeated failure to devote substantially all of Participant’s business time and efforts to the Company, a Subsidiary or an Affiliate if required
by the Participant’s employment agreement; provided, however, that, if at any particular time the Participant is subject to an effective employment agreement with the Company, a Subsidiary or an Affiliate, then, in lieu of the
foregoing definition, “Cause” shall at 

 
that time have such meaning as may be specified in such employment agreement. 
   (b) “Good Reason” means:    (i) a material reduction by the Company, a Subsidiary or an Affiliate in the Participant’s rate of annual base salary from that in
effect immediately prior to the Change of Control; (ii) a material reduction by the Corporation or a Subsidiary in the Participant’s annual target bonus opportunity from that in effect immediately prior to the Change of Control; or
(iii) the Company, a Subsidiary or an Affiliate requires the Participant to change the Participant’s principal location of work to a location that is in excess of fifty (50) miles from the location thereof immediately prior to the
Change of Control. Notwithstanding the foregoing, a Termination of a Participant for Good Reason shall not have occurred unless (i) the Participant gives written notice to the Company, a Subsidiary or an Affiliate, as applicable, of Termination
within thirty (30) days after the Participant first becomes aware of the occurrence of the circumstances constituting Good Reason, specifying in reasonable detail the circumstances constituting Good Reason, and the Company, the Subsidiary or
the Affiliate, as the case may be, has failed within thirty (30) days after receipt of such notice to cure the circumstances constituting Good Reason. The foregoing to the contrary notwithstanding, if at any particular time the Participant is
subject to an effective employment agreement with the Company, a Subsidiary or an Affiliate, then, in lieu of the foregoing definition, “Good Reason” shall at that time have such meaning as may be specified in such employment agreement.

 11.      Compliance with Laws and Regulations. 

  (a)    The Option and the obligation of the Company to sell and deliver Shares hereunder shall be
subject in all respects to: ( i) all applicable Federal and state laws, rules and regulations; and (ii) any registration, qualification, approvals or other requirements imposed by any government or regulatory agency or body which the Committee
shall, in its discretion, determine to be necessary or applicable. Moreover, the Option may not be exercised if its exercise, or the receipt of Shares pursuant thereto, would be contrary to applicable law. If at any time the Company determines, in
its discretion, that the listing, registration or qualification of Shares upon any national securities exchange or under any state or Federal law, or the consent or approval of any governmental regulatory body, is necessary or desirable, the Company
shall not be required to deliver any certificates for Shares to the Participant or any other person pursuant to this Agreement unless and until such listing, registration, qualification, consent or approval has been effected or obtained, or
otherwise provided for, free of any conditions not acceptable to the Company. 

  (b)    It is intended that the Shares received upon the exercise of the Option shall have been
registered under the Securities Act. If the Participant is an “affiliate” of the Company, as that term is defined in Rule 144 under the Securities Act (“Rule 144”), the Participant may not sell the Shares received except in
compliance with Rule 144. Certificates representing Shares issued to an “affiliate” of the Company may bear a legend setting forth such restrictions on the disposition or transfer of the Shares as the Company deems appropriate to comply
with Federal and state securities laws. 
   (c)    If at the time of exercise of all or
part of the Option, the Shares are not registered under the Securities Act, and/or there is no current prospectus in effect under the Securities Act with respect to the Shares, the Participant shall execute, prior to the delivery of any Shares to
the Participant by the Company pursuant to this Agreement, an agreement (in such form as the Company may specify) in which the Participant represents and warrants that the Participant is purchasing or acquiring the shares acquired under this
Agreement for the Participant’s own account, for investment only and not with a view to the resale or distribution thereof, and represents and agrees that any subsequent offer for sale or distribution of any kind of such Shares shall be made
only pursuant to either (i) a registration statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the Shares being offered or sold; or (ii) a specific
exemption from the registration requirements of the Securities Act, but in claiming such exemption the Participant shall, prior to any offer for sale of such Shares, obtain a prior favorable written opinion, in form and substance satisfactory to the
Company, from counsel for or approved by the Company, as to the applicability of such exemption thereto. 

12.      Notices. 

  All notices by the Participant or the Participant’s successors or permitted assigns shall be addressed to the
Company at 900 Metro Center Blvd., Foster City, California 94404, Attention: Stock Plan Administrator, or such other address as the Company may from time to time specify. All notices to the Participant shall be addressed to the Participant at the
Participant’s address in the Company’s records. 

 13.     Other Plans. 

  The Participant acknowledges that any income derived from the exercise of the Option shall not affect the
Participant’s participation in, or benefits under, any other benefit plan or other contract or arrangement maintained by the Company or any Subsidiary or Affiliate. 

14.     Clawback Policy. 

  Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation received by the
Participant, option granted and/or Shares issued hereunder, and/or any amount received with respect to any sale of any such Shares, shall be subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the
terms of the Company’s Clawback Policy, as it may be amended from time to time (the “Policy”). The Participant agrees and consents to the Company’s application, implementation and enforcement of (a) the Policy or any similar
policy established by the Company that may apply to the Participant and (b) any provision of applicable law relating to cancellation, rescission, payback or recoupment of compensation, and expressly agrees that the Company may take such actions
as are necessary to effectuate the Policy, any similar policy (as applicable to the Participant) or applicable law without further consent or action being required by the Participant. To the extent that the terms of this Agreement and the Policy or
any similar policy conflict, then the terms of such policy shall prevail.

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