Document:

Form of Notice and Option Agreement for Non-Employee Directors.

 Exhibit 10.312 
 THE CHARLES SCHWAB CORPORATION 
 2004 STOCK INCENTIVE PLAN 
 NOTICE OF STOCK OPTION GRANT 
 You have been granted
the following option to purchase Common Stock of The Charles Schwab Corporation (“Schwab”) under the Charles Schwab Corporation 2004 Stock Incentive Plan (the “Plan”): 
  

					
	 Name of Grantee:
	  	 	  	
			
	 Total Number of Shares Granted:
	  	 	  	
			
	 Exercise Price Per Share:
	  	 	  	
			
	 Grant Date:
	  	 	  	
			
	 Expiration Date:
	  	 	  	
		
	 Vesting Schedule:
	  	So long as you continue as a non-employee director or an employee of Schwab or its subsidiaries and subject to the terms of the Stock Option Agreement, you will acquire the right
to exercise this option (become “vested” in this option) on the following dates and in the following amounts.

  

			
	 Vesting Date
	  	 Percentage of the Total Number of Shares
 Granted under this Option That
 Will
Vest

	1st Anniversary of Grant Date	  	25%
	2nd Anniversary of Grant Date	  	25%
	3rd Anniversary of Grant Date	  	50%

 You and Schwab agree that this option is granted under and governed by the terms and conditions of the Plan and
the Stock Option Agreement, both of which are made a part of this notice. Please review the Stock Option Agreement carefully, as it explains the terms and conditions of this option. You agree that Schwab may deliver electronically all documents
relating to the Plan or this option (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that Schwab is required to deliver to its stockholders. Unless you provide written objection
to Schwab within 30 days of your receipt of this notice, you agree to all of the terms and conditions of this notice, the stock option agreement and the Plan. 

 THE CHARLES SCHWAB CORPORATION 
 2004 STOCK INCENTIVE PLAN 
 STOCK OPTION AGREEMENT 
  

			
	Tax Treatment	  	This option is a non-qualified stock option and is not intended to qualify as an incentive stock option under federal tax laws.
		
	Vesting	  	This option becomes vested in installments as described in the Notice of Stock Option Grant. If you become a common-law employee of Schwab or its subsidiaries, then this option will continue
to vest as described in the Notice of Stock Option Grant so long as you continue as either a non-employee director or an employee of Schwab or its subsidiaries.
		
	Accelerated Vesting	  	This option will become fully exercisable if your service as a non-employee director terminates on account of your death, disability or retirement. If, prior to the date your service
terminates, Schwab is subject to a “change in control” (as defined in the Plan document), this option will become fully exercisable immediately preceding the change in control. If the Committee determines that a change in
control is likely to occur, Schwab will advise you and this option will become fully exercisable as of the date 10 days prior to the anticipated date of the change in control.
		
	Definition of Disability	  	For all purposes of this Agreement, “disability” means that you are unable to engage in any substantial gainful activity by reason of any medically determinable
physical or mental impairment which has lasted, or can be expected to last, for a continuous period of not less than 12 months or which can be expected to result in death.
		
	Definition of Retirement	  	For all purposes of this Agreement, “retirement” means your resignation or removal from the Board at any time after you have attained age 70 or completed 5 years of
service as a non-employee director.
		
	Exercise Procedures	  	You or your representative may exercise this option by following the procedures prescribed by Schwab. If this option is being exercised by your representative, your representative must
furnish proof satisfactory to Schwab of your representative’s right to exercise this option. After completing the prescribed procedures, Schwab will cause to be issued the shares purchased, which will be registered in the name of the person
exercising this option.
		
	Forms of Payment	  	When you submit your notice of exercise, you must include payment of the option exercise price for the shares you are purchasing. Payment may be made in one of the following
forms:

  

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	 	•	 	 Cash, your personal check, a cashier’s check or a money order. 

  

	 	•	 	 Shares of Schwab stock that are surrendered to Schwab. These shares will be valued at their fair market value on the date when the new shares are purchased.

  

	 	•	 	 By delivery (in a manner prescribed by Schwab) of an irrevocable direction to Charles Schwab & Co., Inc. to sell shares of Schwab stock (including shares to be
issued upon exercise of this option) and to deliver all or part of the sale proceeds to Schwab in payment of all or part of the exercise price. 

			
		
	Term	  	This option expires no later than the 10th anniversary of the Grant Date but may expire earlier upon your termination of service, as described below.
		
	Termination of Service as a Non-Employee Director	  	 This option will expire on the date three months following the date of your termination of service as a non-employee director if such service
terminates for any reason other than on account of becoming a common-law employee of Schwab or its subsidiaries, death, disability or retirement. The terms “disability” and “retirement” are defined above.
  
 If you become an employee of Schwab or its subsidiaries, this option will expire on the date three
months following the date you cease to be an employee of Schwab and its subsidiaries (other than by reason of disability, death or retirement). If you cease to be a non-employee director or an employee of Schwab and its subsidiaries by reason of
your disability or death, then this option will expire on the first anniversary of the date of your death or disability.
  
 If you cease to be a non-employee director by reason of your retirement, then this option will expire on the second anniversary of the date of your
retirement.

		
	Restrictions on Exercise and Issuance or Transfer of Shares	  	You cannot exercise this option and no shares of Schwab stock may be issued under this option if the issuance of shares at that time would violate any applicable law, regulation or rule. Schwab
may impose restrictions upon the sale, pledge or other transfer of shares (including the placement of appropriate legends on stock certificates) if, in the judgment of Schwab and its counsel, such restrictions are necessary or desirable to comply
with applicable law, regulations or rules.
		
	Stockholder Rights	  	You, or your estate or heirs, have no rights as a stockholder of Schwab until you have exercised this option by giving the required notice to the Company and paying the exercise price. No
adjustments are made for dividends or other rights if the applicable record date occurs before you exercise this option, except as described in the Plan.

  

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	No Right to Remain Director or
Employee	  	Nothing in this Agreement will be construed as giving you the right to be retained as a director
or an employee of Schwab and its subsidiaries.
		
	Transfer of Option	  	 In general, only you may exercise this option prior to your death. You may not transfer or assign this option, except as provided below. For
instance, you may not sell this option or use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid. You may, however, dispose of this option in your will or in a beneficiary designation.

  
 You may transfer this option as a gift to one or more family members. For this
purpose, “family member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law or
sister-in-law (including adoptive relationships), any individual sharing your household (other than a tenant or employee), a trust in which one or more of these individuals have more than 50% of the beneficial interest, a foundation in which you or
one or more of these persons control the management of assets, and any entity in which you or one or more of these persons own more than 50% of the voting interest.
  
 Schwab may, in its sole discretion, allow you to transfer this option under a domestic relations order in settlement of marital or domestic property rights.
  
 In order to transfer this option, you and the transferee(s) must execute the forms prescribed by
Schwab, which include the consent of the transferee(s) to be bound by this Agreement.

		
	Limitation on Payments	  	 If a payment from the Plan would constitute an excess parachute payment or if there have been certain securities law violations, then your award may
be reduced or forfeited and you may be required to disgorge any profit that you have realized from your award.
  
 If a disqualified individual receives a payment or transfer under the Plan that would constitute an excess parachute payment under the Internal Revenue Code of 1986, as amended (the “Code”),
such payment will be reduced, as described below. Generally, someone is a “disqualified individual” if he or she is (a) an officer of Schwab, (b) a member of the group consisting of the highest paid 1% of the employees of
Schwab or, if less, the highest paid 250 employees of Schwab, or (c) a 1% stockholder of Schwab. For purposes of the section on “Limitation on Payments,” the term “Schwab” will include affiliated corporations to the
extent determined by the Auditors in accordance with section 280G(d)(5) of the Code.

  

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	  	 	In the event that the independent auditors most recently selected by the Schwab Board of Directors
(the “Auditors”) determine that any payment or transfer in the
nature of compensation to or for
your benefit, whether paid or payable (or transferred or transferable) pursuant to the terms of the
Plan or otherwise (a “Payment”), would be nondeductible for federal income tax
purposes because
of the provisions concerning “excess parachute payments” in section 280G of the Code, then the
aggregate present value of all Payments will be reduced (but not below zero) to the Reduced
Amount; provided, however,
that the Compensation Committee may specify in writing that the
award will not be so reduced and will not be subject to reduction under this section.
		
		 	For this purpose, the “Reduced Amount” will be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any
Payment to be nondeductible by Schwab because of section 280G of the Code.
		
		 	If the Auditors determine that any Payment would be nondeductible because of section 280G of the Code, then Schwab will promptly give you notice to that effect and a copy of the detailed
calculation and of the Reduced Amount. You may then elect, in your discretion, which and how much of the Payments will be eliminated or reduced (as long as after such election, the aggregate present value of the Payments equals the Reduced Amount).
You will advise Schwab in writing of your election within 10 days of receipt of the notice. If you do not make such an election within the 10-day period, then Schwab may elect which and how much of the Payments will be eliminated or reduced (as long
as after such election the aggregate present value of the Payments equals the Reduced Amount). Schwab will notify you promptly of its election. Present value will be determined in accordance with section 280G(d)(4) of the Code. The Auditors’
determinations will be binding upon you and Schwab and will be made within 60 days of the date when a Payment becomes payable or transferable.
		
		 	As promptly as practicable following these determination and elections, Schwab will pay or transfer to or for your benefit such amounts as are then due to you under the Plan, and will
promptly pay or transfer to or for your benefit in the future such amounts as become due to you under the Plan.

  

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	 	  	As a result of uncertainty in the application of section 280G of the Code at the time of an initial
determination by the Auditors, it is possible that Payments will have been made by
Schwab
which should not have been made (an “Overpayment”) or that additional Payments which will
not have been made by Schwab could have been made (an “Underpayment”), consistent in each
case
with the calculation of the Reduced Amount. In the event that the Auditors, based upon the
assertion of a deficiency by the Internal Revenue Service against you or Schwab which the
Auditors believe has a high probability of success, determine
that an Overpayment has been
made, such Overpayment will be treated for all purposes as a loan to you which you will repay to
Schwab on demand, together with interest at the applicable federal rate provided in section
7872(f)(2) of the
Code. However, no amount will be payable by you to Schwab if and to the
extent that such payment would not reduce the amount which is subject to taxation under section
4999 of the Code. In the event that the Auditors determine that an
Underpayment has occurred,
such Underpayment will promptly be paid or transferred by Schwab to or for your benefit,
together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code.
		
	Claims Procedure	  	You may file a claim for benefits under the Plan by following the procedures prescribed by Schwab. If your claim is denied, generally you will receive written or electronic notification of the
denial within 90 days of the date on which you filed the claim. If special circumstances require more time to make a decision about your claim, you will receive notification of when you may expect a decision. You may appeal the denial by submitting
to the Plan Administrator a written request for review within 30 days of receiving notification of the denial. Your request should include all facts upon which your appeal is based. Generally, the Plan Administrator will provide you with written or
electronic notification of its decision within 90 days after receiving the review request. If special circumstances require more time to make a decision about your request, you will receive notification of when you may expect a decision. The Plan
Administrator has discretionary authority to construe the terms of the Plan and this Agreement and its determinations are conclusive and binding on all persons.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in Schwab stock, the Compensation Committee shall adjust the number of shares covered by this option and the exercise price
per share.
		
	Severability	  	In the event that any provision of this Agreement is held invalid or unenforceable, the provision will be severable from, and such invalidity or unenforceability will not be construed to have
any effect on, the remaining provisions of this Agreement.

  

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	Applicable Law	  	This Agreement will be interpreted and enforced under the laws of the State of Delaware
(without regard to their choice-of-law provisions), as such laws are applied to contracts
entered
into and performed in Delaware.
		
	The Plan and Other Agreements	  	The text of the Plan is incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding between you and Schwab regarding this option. Any prior
agreements, commitments or negotiations concerning this option are superseded. This Agreement may be amended only by another written agreement, signed by both parties. If there is any inconsistency or conflict between any provision of this Agreement
and the Plan, the terms of the Plan will control.

 BY ACCEPTING THIS OPTION GRANT, 
 YOU AGREE TO ALL OF THE TERMS AND CONDITIONS 
 DESCRIBED ABOVE AND IN THE PLAN.

  

 7Form of Notice and Performance-Based Restricted Stock Agreement.

 Exhibit 10.313 
 THE CHARLES SCHWAB CORPORATION 
 2004 STOCK INCENTIVE PLAN 
 NOTICE OF RESTRICTED STOCK AWARD 
 (PERFORMANCE-BASED VESTING) 
 You have been granted restricted shares of Common Stock of The Charles Schwab Corporation
(“Schwab”) under the Charles Schwab Corporation 2004 Stock Incentive Plan (the “Plan”) on the following terms: 
  

			
	 Name of Recipient:
	  	
		
	 Total Number of Shares Granted:
	  	
		
	 Fair Market Value per Share:
	  	
		
	 Total Fair Market Value of Award:
	  	
		
	 Grant Date:
	  	
		
	 Vesting Schedule:
	  	So long as you remain in service in good standing and subject to the terms of the Restricted Stock Agreement and certification of the Performance Goal by Schwab’s Compensation Committee,
this award vests on the following Vesting Dates, as follows:

 Number of Shares on Vesting Date 
  

			
	 Percentage of the Total Number of Shares Granted under this Award That
Will Vest
	  	 Vesting Date

		
	 25%
	  	1st Anniversary of Grant Date
		
	 25%
	  	2nd Anniversary of Grant Date
		
	 25%
	  	3rd Anniversary of Grant Date
		
	 25%
	  	4th Anniversary of Grant Date

 The number of shares indicated will vest only if Schwab’s
Compensation Committee certifies that as of the Vesting Date next to the number of shares, Schwab has satisfied the Performance Goal for the applicable one-year period from October 1st
 to September 30th ending prior to such Vesting Date. 
 The Performance Goal shall be: [    ] 
 Except as otherwise provided in the Restricted Stock Agreement, if the Performance Goal is not met for any one-year period, the number of shares that otherwise would vest as of the Vesting Date for such one-year period will automatically
and permanently be forfeited. Any vested shares will be paid as soon as administratively possible. 
 You and Schwab agree that this award is granted under
and governed by the terms and conditions of the Plan and the Restricted Stock Agreement, both of which are made a part of this notice. Please review the Restricted Stock Agreement and the Plan carefully, as they explain the terms and conditions of
this award. You agree that Schwab may deliver electronically all documents relating to the Plan or this award (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that Schwab is
required to deliver to its stockholders. By accepting this award, you agree to all of the terms and conditions described above, in the Restricted Stock Agreement and in the Plan, and you have no right whatsoever to change or negotiate such terms and
conditions. 
 THE CHARLES SCHWAB CORPORATION 
 2004 STOCK INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 (PERFORMANCE-BASED VESTING) 
  

	 Payment for Shares 
	No payment is required for the shares that you are receiving. 

  

	 Vesting 
	 Subject to the provisions of this Agreement, this award becomes vested as described in the Notice of Restricted Stock Award, of which this Restricted Stock Agreement is a part. Unvested shares will be
considered “Restricted Shares.” If your service terminates for any reason, then your shares will automatically and permanently be forfeited to the extent that they have not vested before the termination date and do not vest
as a result of the termination, unless otherwise noted below. This means that the Restricted Shares will immediately revert to Schwab. You will receive no 

  

 2 

	 	 
payment for Restricted Shares that are forfeited. Schwab determines when your service terminates for this purpose. For all purposes of this Agreement,
“service” means continuous employment as a common-law employee of Schwab or a parent company or subsidiary of Schwab, and “subsidiary” means a subsidiary corporation as defined in section 424(f) of the
Internal Revenue Code of 1986, as amended (the “Code”). 

  

	 Accelerated Vesting 
	This award, to the extent not already forfeited, will become fully vested if your service terminates on account of your death or disability. If, prior to the date your service terminates, Schwab is subject
to a “change in control” (as defined in the Plan document), this award, to the extent not already forfeited, will become fully vested as of the date that the change in control occurs. If you are entitled to severance benefits
under The Charles Schwab Severance Pay Plan (or any successor plan), then all or a portion of your award (to the extent not already forfeited) may be eligible for accelerated vesting under the terms of that plan. 

  

	 Continued Vesting 
	This award, to the extent not already forfeited, will continue to vest if your service terminates on account of your retirement provided that your retirement occurs at least two years after the Grant Date
indicated in the Notice of Restricted Stock Award. 

  

	 Definition of Disability 
	For all purposes of this Agreement, “disability” means that you have a disability such that you have been determined to be eligible for benefits under Schwab’s long-term
disability plan. 

  

	 Definition of Retirement 
	If you are an employee of Schwab and its subsidiaries, “retirement” means termination of service for any reason other than death at any time after you attain age 55, but only if, at
the time of your termination, you have been credited with at least 10 years of service. 

 The phrase “years of
service” above has the same meaning given to it under the SchwabPlan Retirement Savings and Investment Plan (or any successor plan). 
  

	 Section 83(b) Election 
	You may make an election pursuant to Section 83(b) of the Code within 30 days of the Grant Date to be taxed on the Restricted Shares prior to vesting. 

  

	 Shares Restricted 
	 You may not sell, transfer, pledge or otherwise dispose of any Restricted Shares without Schwab’s written consent until they are vested. Restricted Shares will be issued in your name but held by the
Schwab Corporate Secretary as escrow agent. Schwab may instruct the transfer agent for its stock to place a legend on the certificates representing the Restricted Shares or may note in its records the applicable restrictions. The escrow 

  

 3 

	 	 
agent will deliver Restricted Shares to you only after they become vested and after all other terms and conditions in this Agreement have been satisfied.

 You may make a gift of Restricted Shares to your spouse, children or grandchildren or to a trust established by you for
the benefit of yourself or your spouse, children or grandchildren. However, a transferee of Restricted Shares must agree in writing on a form prescribed by Schwab to be bound by all provisions of this Agreement as a condition for the transfer prior
to the Restricted Shares becoming vested. 
  

	 Committee Discretion 
	In its sole discretion, Schwab’s Compensation Committee (or its delegate) (the “Compensation Committee”) may lift the transfer restrictions or accelerate the vesting of
Restricted Shares at any time. 

  

	 Delivery of Shares After Death 
	In the event of your death prior to the date your service terminates, your shares will be delivered to your beneficiary or beneficiaries. You may designate one or more beneficiaries by filing a beneficiary
designation form. You may change your beneficiary designation by filing a new form with Schwab at any time prior to your death. If you do not designate a beneficiary or if your designated beneficiary predeceases you, then, your shares will be
delivered to your estate. The Compensation Committee, in its sole discretion, will determine the form and time of the distribution of shares to your estate. 

  

	 Restrictions on Resale 
	You agree not to sell any shares at a time when applicable laws, Schwab’s policies or an agreement between Schwab and its underwriters prohibit a sale. This restriction will apply as long as your
service continues and for such period of time after the termination of your service as Schwab may specify. 

  

	 Withholding Taxes 
	The Restricted Shares will not be released to you unless you have made acceptable arrangements to pay any applicable withholding of income and employment taxes that may be due as a result of this award or
the vesting of the shares. With Schwab’s consent, these arrangements may include without limitation withholding shares of Schwab stock that otherwise would be issued to you when they vest. In its sole discretion, Schwab may withhold the minimum
number of whole shares of Schwab stock, valued at the fair market value on the vesting date, required to satisfy such applicable withholding taxes. Any residual amount of applicable withholding taxes, i.e., amounts of less than the fair market value
of a share, may be deducted from your pay. 

  

	 Stockholder Rights 
	 As a holder of Restricted Shares, you have the same voting, dividend and other rights as Schwab’s stockholders. Dividends paid in cash shall not be 

  

 4 

	 	 
eligible for The Dividend Reinvestment & Stock Purchase Plan. 

  

	 Contribution of Par Value 
	On your behalf Schwab will contribute to its capital an amount equal to the par value of the Restricted Shares issued to you. 

  

	 No Right to Remain Employee 
	Nothing in this Agreement will be construed as giving you the right to be retained as an employee, contingent worker or director of Schwab and its subsidiaries for any specific duration or at all.

  

	 Limitation on Payments 
	If a payment from the Plan would constitute an excess parachute payment under section 280G of the Code or if there have been certain securities law violations, then your award may be reduced or forfeited and
you may be required to disgorge any profit that you have realized from your award. 

 If a disqualified individual receives a
payment or transfer under the Plan that would constitute an excess parachute payment under 280G of the Code, such payment will be reduced, as described below. Generally, someone is a “disqualified individual” if he or she is
(a) an officer of Schwab, (b) a member of the group consisting of the highest paid 1% of the employees of Schwab or, if less, the highest paid 250 employees of Schwab, or (c) a 1% stockholder of Schwab. For purposes of the section on
“Limitation on Payments,” the term “Schwab” will include affiliated corporations to the extent determined by the Auditors in accordance with section 280G(d)(5) of the Code. 
 In the event that the independent auditors most recently selected by the Schwab Board of Directors (the “Auditors”) determine
that any payment or transfer in the nature of compensation to or for your benefit, whether paid or payable (or transferred or transferable) pursuant to the terms of the Plan or otherwise (a “Payment”), would be nondeductible
for federal income tax purposes because of the provisions concerning “excess parachute payments” in section 280G of the Code, then the aggregate present value of all Payments will be reduced (but not below zero) to the Reduced Amount;
provided, however, that the Compensation Committee may specify in writing that the award will not be so reduced and will not be subject to reduction under this section. 
 For this purpose, the “Reduced Amount” will be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be
nondeductible by Schwab because of section 280G of the Code. 
 If the Auditors determine that any Payment would be nondeductible because of
section 280G of the Code, then Schwab will promptly give you notice to that effect and a copy of the detailed calculation and of the 

  

 5 

	 	 
Reduced Amount. You may then elect, in your discretion, which and how much of the Payments will be eliminated or reduced (as long as after such election, the
aggregate present value of the Payments equals the Reduced Amount). You will advise Schwab in writing of your election within 10 days of receipt of the notice. 

 If you do not make such an election within the 10-day period, then Schwab may elect which and how much of the Payments will be eliminated or reduced (as
long as after such election the aggregate present value of the Payments equals the Reduced Amount). Schwab will notify you promptly of its election. Present value will be determined in accordance with section 280G(d)(4) of the Code. The
Auditors’ determinations will be binding upon you and Schwab and will be made within 60 days of the date when a Payment becomes payable or transferable. 
 As promptly as practicable following these determination and elections, Schwab will pay or transfer to or for your benefit such amounts as are then due to you under the Plan, and will promptly pay or transfer to or
for your benefit in the future such amounts as become due to you under the Plan. 
 As a result of uncertainty in the application of section
280G of the Code at the time of an initial determination by the Auditors, it is possible that Payments will have been made by Schwab which should not have been made (an “Overpayment”) or that additional Payments which will
not have been made by Schwab could have been made (an “Underpayment”), consistent in each case with the calculation of the Reduced Amount. In the event that the Auditors, based upon the assertion of a deficiency by the
Internal Revenue Service against you or Schwab which the Auditors believe has a high probability of success, determine that an Overpayment has been made, such Overpayment will be treated for all purposes as a loan to you which you will repay to
Schwab on demand, together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code. However, no amount will be payable by you to Schwab if and to the extent that such payment would not reduce the amount which is
subject to taxation under section 4999 of the Code. In the event that the Auditors determine that an Underpayment has occurred, such Underpayment will promptly be paid or transferred by Schwab to or for your benefit, together with interest at the
applicable federal rate provided in section 7872(f)(2) of the Code. 
  

	 Claims Procedure 
	 You may file a claim for benefits under the Plan by following the procedures prescribed by Schwab. If your claim is denied, generally you will receive written or electronic notification of the denial
within 90 days 

  

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of the date on which you filed the claim. If special circumstances require more time to make a decision about your claim, you will receive notification of
when you may expect a decision. You may appeal the denial by submitting to the Plan Administrator a written request for review within 30 days of receiving notification of the denial. Your request should include all facts upon which your appeal is
based. Generally, the Plan Administrator will provide you with written or electronic notification of its decision within 90 days after receiving the review request. If special circumstances require more time to make a decision about your request,
you will receive notification of when you may expect a decision. 

  

	 Plan Administration 
	The Plan Administrator has discretionary authority to make all determinations related to this award and to construe the terms of the Plan, the Notice of Restricted Stock Award and this Agreement. The Plan
Administrator’s determinations are conclusive and binding on all persons. 

  

	 Adjustments 
	In the event of a stock split, a stock dividend or a similar change in Schwab stock, the number of Restricted Shares that remain subject to forfeiture shall be adjusted accordingly. 

 

	 Severability 
	In the event that any provision of this Agreement is held invalid or unenforceable, the provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on,
the remaining provisions of this Agreement. 

  

	 Applicable Law 
	This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions), as such laws are applied to contracts entered into and performed in
Delaware. 

  

	 The Plan and Other Agreements 
	The text of the Plan is incorporated in this Agreement by reference. This Agreement, the Notice of Restricted Stock Award and the Plan constitute the entire understanding between you and Schwab regarding
this award. Any prior agreements, commitments or negotiations concerning this award are superseded. This Agreement may be amended only by another written agreement, signed by both parties and approved by the Compensation Committee. If there is any
inconsistency or conflict between any provision of this Agreement and the Plan, the terms of the Plan will control. 

  

 7

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