Document:

Form of Visa Inc. 2007 Equity Incentive Comp Plan - Stock Option Award

 Exhibit 10.35 
 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 by the Company without Cause, by you for Good Reason following a Change of Control or due to
your 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 Options award, please complete the on­line 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 Options 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 tenth anniversary of the Grant 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 by the Company without
Cause.    Upon Termination of the Participant by the Company or a Subsidiary or Affiliate without Cause (as defined below), whether prior to or following a Change of Control, 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 Expiration Date. 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(a). 
 (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 Expiration
Date. 
 (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)    Good Reason
following a Change of Control.    If a Change of Control occurs, and, at any time prior to the second (2nd) anniversary of such Change of Control, the Participant terminates his or her employment 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 Expiration Date. 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)    Other Terminations.    Upon Termination of the Participant by the Company or
a Subsidiary or Affiliate or by the Participant other than under the circumstances described in paragraph (a). (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, and all Options that were not exercisable as of the date of such Termination shall be immediately forfeited. 

(g)    Business Days.    If the relevant date until which the Option would
otherwise be exercisable specified in Section 4 (c) or (f) 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 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” 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)    “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. 
 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.Form of Visa Inc. 2007 Equity Incentive Comp Plan - Restricted Stock Award

 Exhibit 10.36 
 Notice of Restricted Stock Grant 
  

			
	 Participant: 
	  	<first_name> <middle_name> <last_name>
		
	 Employee ID: 
	  	<emp_id>
		
	 Company: 
	  	Visa Inc.
		
	 Notice: 
	  	 You have been granted the following award of restricted shares of common stock of the Company in accordance with the terms of the Visa Inc. 2007 Equity Incentive
Compensation Plan (the “Plan”) and the Restricted Stock Award Agreement (“Agreement”) attached hereto.

		
	 Grant ID:
	  	<award_id>
		
	 Grant: 
	  	 Grant Date: <award_date>
 Number of Shares of Restricted Stock: <shares_awarded>

		
	 Period of Restriction: 
	  	 The Period of Restriction applicable to those portions of the total number of Shares of your Restricted Stock listed in the “Portion of Shares” column
below shall commence on the Grant Date and shall lapse on the corresponding date listed in the “Vesting Date” column below.

		
		  	Shares on Vesting Date
		
		  	<vesting_schedule>
		
		  	 However, in the event of your termination of employment by the Company without Cause, by you for Good Reason following a Change of Control or due to your death,
Disability or Retirement (as each of those terms are defined in the Agreement), the Period of Restriction will immediately lapse as to the full number of shares of Restricted Stock.

		
	 Acceptance: 
	  	 If you do not want to accept your Restricted Stock 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 Restricted Stock award. If you do not reject your award within thirty (30) days after the Grant Date, you will have accepted your Restricted Stock 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 
 Restricted Stock Award Agreement 

This Restricted Stock Award Agreement (this “Agreement”) dated as of the Grant Date (the “Grant Date”) set
forth in the Notice of Restricted Stock 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.      Definitions. 

    Capitalized terms used but not defined herein have the meaning set forth in the Visa Inc. 2007 Equity
Incentive Compensation Plan (the “Plan”). 
 2.      Grant of the Restricted
Stock. 
     Subject to the provisions of this Agreement and the provisions of the Plan, the
Company hereby grants to the Participant, pursuant to the Plan, the number of Shares of Restricted Stock set forth in the Grant Notice (the “Restricted Stock”). 

3.      Period of Restriction. 
 The Period of Restriction with respect to the Restricted Stock shall be as set forth in the Grant Notice (the “Period of Restriction”). The Participant acknowledges that prior to the expiration of the
applicable portion of the Period of Restriction, the Restricted Stock may not be sold, transferred, pledged, assigned, encumbered, alienated, hypothecated or otherwise disposed of (whether voluntary or involuntary or by operation of law by judgment,
levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy)). Upon the expiration of the applicable portion of the Period of Restriction, the restrictions set forth in this Agreement with respect to the
Restricted Stock theretofore subject to such expired Period of Restriction shall lapse, except as may be provided in accordance with Section 11 hereof. 
 4.      Evidence of Shares; Legend. 

    The Participant agrees that, in the Company’s discretion, the Participant’s ownership of the
Restricted Stock may be evidenced solely by a “book entry” (i.e., a computerized or manual entry) in the records of the Company or its designated stock transfer agent in the Participant’s name, which shall be subject to a stop
transfer order consistent with this Agreement and the legend set forth in this Section 4 below. 

    If, however, during the Period of Restriction the Restricted Stock is evidenced by a stock certificate or
certificates, registered in the Participant’s name, the Participant acknowledges that upon receipt of such stock certificate or certificates, such certificates shall bear the following legend and such other legends as may be required by law or
contract: 
 “These shares have been issued pursuant to the Visa Inc. 2007 Equity Incentive Compensation Plan (the
“Plan”) and are subject to forfeiture to Visa Inc. in accordance with the terms of the Plan and an Agreement between Visa Inc. and 

 
the person in whose name the certificate is registered. These shares may not be sold, transferred, pledged, assigned, encumbered, alienated, hypothecated or otherwise disposed of except in
accordance with the terms of the Plan and said Agreement.” 
 The Participant agrees that upon receipt of any such stock certificates
for the Restricted Stock the Participant shall deposit each such certificate with the Company, or such other escrow holder as the Committee may appoint, together with a stock power endorsed in blank or other appropriate instrument of transfer, to be
held by the Company or such escrow holder until the expiration of the applicable portion of the Period of Restriction. 

Upon expiration of the applicable portion of the Period of Restriction, a certificate or certificates representing the Shares as
to which the Period of Restriction has so lapsed shall be delivered to the Participant by the Company, subject to satisfaction of any tax obligations in accordance with Section 6 hereof; provided, however, that such Shares may
nevertheless be evidenced on a noncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange. 
 5.      Termination. 

(a)      Death and Disability.    Upon Termination of the Participant due
to death or disability (within the meaning of 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”)), then the Period of Restriction
shall immediately lapse as to the full number of Shares of Restricted Stock. 

(b)      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. 

(c)      Without Cause.    Upon Termination of the Participant by the
Company, a Subsidiary or an Affiliate without Cause (as defined below), whether prior to or following a Change of Control, then the Period of Restriction shall immediately lapse as to the full number of Shares of Restricted Stock. For the avoidance
of doubt, Section 14.1(b) of the Plan shall not apply to the Restricted Stock to the extent such provision conflicts with this Section 5(c). 
 (d)      Good Reason following a Change of Control.    If a Change of Control occurs, and, at any time prior to the second (2nd) anniversary of the
Change of Control, the Participant terminates his or her employment for Good Reason (as defined below), then the Period of Restriction shall immediately lapse as to the full number of Shares of Restricted Stock. For the avoidance of doubt,
Section 14.1(b) of the Plan shall not apply to the Restricted Stock to the extent such provision conflicts with this Section 5(d). 
 (e)      Other Terminations.    Upon Termination of the Participant for any reason other than due to death, Disability or, Retirement, termination without
Cause or termination for Good Reason following a Change of Control, then all Restricted Stock for which the Period of Restriction had not lapsed prior to the date of such Termination shall be immediately forfeited. 

 6.      Taxes and Withholdings. 

Upon the expiration of the applicable portion of the Period of Restriction, as of or such earlier date on which the value of any
Shares of Restricted Stock first becomes includible in the Participant’s gross income for income tax purposes, any taxes of any kind required by law to be withheld with respect to such Shares shall be satisfied by the Company withholding Shares
otherwise deliverable to the Participant pursuant to the Restricted Stock award (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 ), pursuant to any procedures, and subject to
any limitations as the Committee may prescribe and subject to applicable law, based on the Fair Market Value of the Shares on the payment date. The Company, a Subsidiary or an Affiliate may, in the discretion of the Committee, provide for
alternative arrangements to satisfy applicable tax withholding requirements in accordance with Article XVI of the Plan. 

Notwithstanding the immediately preceding paragraph, in the event the Participant makes an election pursuant to Section 83(b)
of the Code, or the value of any Shares of Restricted Stock otherwise becomes includible in the Participant’s gross income for income tax purposes prior to the expiration of the applicable Period of Restriction, 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 required by law 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 tendering to the Company Shares owned by the
Participant (or the Participant and the Participant’s 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, based on
the Fair Market Value of the Shares on the payment date as determined by the Committee. Any such election made by the Participant must be 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. In the event that the Participant elects immediate Federal income taxation with respect to all or any portion of this award of Restricted Stock pursuant to Section 83(b)
of the Code, the Participant agrees to deliver a copy of such election to the Company at the time such election is filed with the Internal Revenue Service. 
 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 remains 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 Restricted Stock, 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 Restricted Stock or any aspect of the Restricted Stock to reduce or eliminate the Participant’s (or his or her beneficiary’s) liability for such tax. 

 7.      Rights as a Shareholder. 

The Participant shall have all rights of a shareholder (including, without limitation, dividend and voting rights) with respect to
the Restricted Stock, for record dates occurring on or after the Grant Date and prior to the date any such Shares of Restricted Stock are forfeited in accordance with this Agreement, except that any dividends or distributions paid in Shares
or other securities (including, without limitation, any change in the shares of Restricted Stock pursuant to Section 4.2 of the Plan) with respect to the Restricted Stock shall, during the Period of Restriction, be deposited with the Company or
any holder appointed pursuant to Section 4 hereof, together with a stock power endorsed in blank or other appropriate instrument of transfer, or credited to the Participant’s book-entry account established under Section 4 hereof, as
applicable, and shall be subject to the same restrictions (including, without limitation, the Period of Restriction) as such Restricted Stock and otherwise considered to be such Restricted Stock for all purposes hereunder. 

8.      No Right to Continued Employment. 

Neither the Restricted Stock 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 lapse of the Period of Restriction 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 the Restricted Stock 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. 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. 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. 

10.      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 Planprovided 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)      “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 employment agreement shall apply until the date on
which such employment agreement expires. 
 11.      Compliance with Laws and
Regulations. 
 (a)      The Restricted Stock and the obligation of the Company to
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 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. 

(b)      It is intended that the Shares received upon expiration of the Period of Restriction 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. 

 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 this Restricted Stock 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. 

14.      Clawback Policy. 

Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation, Restricted Stock 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, and expressly agrees that the Company may take such actions as are permitted under
the Policy any similar policy (as applicable to Participant) or applicable law without further consent or action being required by you. 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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