Document:

EX-10.22

 Exhibit 10.22 

AMENDMENT TWO 
 (REMEDIAL
AMENDMENT) 
 to the 

MATTEL, INC. PERSONAL INVESTMENT PLAN 

THIS AMENDMENT TWO (this “Amendment”) is executed this 10th day of June, 2014, by Mattel, Inc. (the “Company”). 

Statement of Purpose 
 The
Company maintains the Mattel, Inc. Personal Investment Plan (the “Plan”) as amended and restated effective as of January 1, 2013, as amended. The Company currently has pending an application for a determination from the Internal
Revenue Service that the Plan is qualified under Section 401(a) of the Code. The Internal Revenue Service has requested certain remedial amendments to the Plan in connection with its review of the application and as a condition for the issuance
of a favorable determination with respect to the continued qualified status of the Plan. The Company intends to preserve the qualified status of the Plan, and this Amendment sets forth the remedial amendments requested by the Internal Revenue
Service. In Article XVI of the Plan, the Company has reserved the right to amend the Plan in whole or in part. 
 NOW, THEREFORE, the
Company does hereby declare that the Plan is amended effective as of January 1, 2013, unless otherwise specifically stated herein, as follows: 

1. The following shall be added to the end of the last sentence in Section 2.40: 

“on a nondiscriminatory basis to all participants.” 

2. Except as expressly or by necessary implication amended hereby, the Plan shall continue in full force and effect. 

IN WITNESS WHEREOF, the Company has caused this Amendment to be executed as of the day and year first above written. 

 

			
	 MATTEL INC.

		
	 By:
		 /s/ Alan Kaye

			 Alan Kaye

			 Executive Vice President

			 Chief Human Resources OfficerEX-10.23

 Exhibit 10.23 

AMENDMENT THREE 
 to the

 MATTEL, INC. PERSONAL INVESTMENT PLAN 

THIS AMENDMENT THREE (this “Amendment”) is made and entered into this 16th day
of December, 2014, by Mattel, Inc., a Delaware corporation (the “Company”). 
 Statement of Purpose 

The Company maintains the Mattel, Inc. Personal Investment Plan (the “Plan”) as amended and restated effective as of January 1,
2013, as amended. The Company desires to amend the Plan to (i) provide that Puerto Rico residents are not eligible for the Plan, (ii) revise the provisions applicable to missing participants, and (iii) revise the method of determining
service for rehired participants. In Article XVI of the Plan, the Company has reserved the right to amend the Plan in whole or in part. 

NOW, THEREFORE, the Company does hereby declare that the Plan is amended effective as of January 1, 2014, unless otherwise specifically
stated herein, as follows: 
 1. The following new Section 2.20(h) shall be added to the Plan effective as of December 31, 2014 to
change the definition of Eligible Employee to exclude certain non-U.S. Employees: 
 “(h) effective as of
December 31, 2014, any Employee who is subject to the provisions of Appendix D regarding special rules for Employees in Puerto Rico.” 

2. Section 2.44(c) shall be deleted in its entirety and replaced with the following: 

“(c) An individual who has a Period of Severance shall be given credit for Periods of Service prior to such Period of
Severance upon rehire with the Company or an Affiliated Company for the purpose of determining such Participant’s nonforfeitable right to benefits accrued after such rehire in accordance with the vesting provisions of Section 8.1. Nothing
in this paragraph shall affect any amounts that were forfeited in accordance with Section 8.5(d) following five consecutive one-year Periods of Severance or a Participant’s ability to have such forfeiture restored in accordance with
Section 8.14.” 
 3. The first sentence of Section 8.15(a) shall be amended to read as follows: 

“From time to time, the Committee may adopt procedures whereby a Participant (including on and after January 1, 2011
a Participant who is an Employee paid on a United States payroll but who no longer is an Eligible Employee) may borrow from his Accounts under the Plan; provided that, effective 

 
as of December 31, 2014 loans shall not be available from Plan assets that are tax-qualified under the provisions of Appendix D.” 

4. Section 18.2(b) of the Plan shall be revised to read as follows: 

“(b) In the event that a benefit is payable under this Plan to a Participant or any other person and after reasonable
efforts such person cannot be located for the purpose of paying the benefit, the Committee in its sole discretion may provide that the benefit be forfeited and as soon thereafter as practicable the benefit shall be applied to reduce future Company
Contributions or Company Matching Contributions; provided, however, should any person entitled to such benefit thereafter claim such benefit, such benefit shall be restored. Alternatively, benefits that cannot be paid may escheat to the state in
accordance with applicable state law.” 
 5. Except as expressly or by necessary implication amended hereby, the Plan shall continue in
full force and effect. 
 IN WITNESS WHEREOF, the Company has caused this Amendment to be executed on the day and year first above written
effective as of the dates specified herein. 
  

			
	MATTEL INC.
		
	By:	 	 /s/ Alan Kaye

		 	Alan Kaye
		 	Executive Vice President
		 	Chief Human Resources OfficerEX-10.24

 Exhibit 10.24 

AMENDMENT FOUR 
 and

 MERGER AGREEMENT 

for the 
 MATTEL, INC.
PERSONAL INVESTMENT PLAN 
 and 

THE MEGA BRANDS AMERICA, INC. 401(k) SAVINGS PLAN 

THIS AMENDMENT FOUR AND MERGER AGREEMENT (this “Agreement”) is made and entered into this 16th day of December, 2014, by Mattel, Inc., a Delaware corporation (the “Company”). 

Statement of Purpose 
 The
Company maintains the Mattel, Inc. Personal Investment Plan (the “PIP”) for the benefit of employees of the Company and certain of its subsidiaries. Effective as of April 30, 2014, MEGA Brands America, Inc.
(“MEGA”) became an indirect wholly owned subsidiary of the Company, and the employees of MEGA became members of the Company controlled group of companies under Section 414(b) of the Internal Revenue Code. MEGA sponsors The MEGA
Brands America, Inc. 401(k) Savings Plan (the “MEGA Plan”) for eligible MEGA employees. The Company desires that the MEGA Plan merge with and into the PIP effective as of the close of business on December 31, 2014 (the
“Plan Merger Date”). The purpose of this Agreement is to evidence the merger of the MEGA Plan with and into the PIP and to set forth amendments to the PIP to reflect the foregoing. 

NOW, THEREFORE, in consideration of the foregoing, the Company does hereby amend the PIP and the MEGA Plan effective as of the Plan Merger
Date as follows: 
 1. Merger of MEGA Plan into the PIP. Effective as of the Plan Merger Date, the MEGA Plan shall merge with and
into the PIP. In such regard, and as a part of the merger, on the Plan Merger Date the trust maintained for the MEGA Plan shall become a part of the trust maintained for the PIP, and the assets of the MEGA Plan shall thereupon become assets of the
PIP. Upon consummation of the merger on the Plan Merger Date and thereafter (a) the PIP shall be the successor in interest to, and shall have and assume all liabilities of, the MEGA Plan, (b) no further contributions shall be made to, and
no further benefits shall accrue under, the MEGA Plan for any 

 
period after the Plan Merger Date and (c) all substantive provisions of the PIP, as amended by this document, shall apply to the prior MEGA Plan participants who become participants of the
PIP. From and after the Plan Merger Date, the named fiduciaries under the PIP shall have the authority to control and manage the operation of the merged plans and the trust maintained thereunder within their designated areas of responsibility, all
as provided in the PIP. 
 2. The following new Section 2.1(h) shall be added to the Plan: 

“(h) ‘MEGA Company Account’ shall mean the account established and maintained for each Participant under Article
VII for purposes of holding and accounting for amounts held in the Trust Fund which are attributable to matching contributions and profit sharing contributions to The MEGA Brands America, Inc. 401(k) Savings Plan, and any earnings thereon.”

 3. Section 2.44(f) of the Plan shall be amended to add MEGA Brands America, Inc. to the list of companies at the end of the
paragraph such that service performed by a Participant for MEGA Brands America, Inc. will be taken into account for purposes of determining a Participant’s interest in his Accounts under the Plan. 

4. The following shall be added to the end of the chart in Section 8.1(b)(iii)(C) of the Plan to provide full vesting of amounts in The
MEGA Brands America, Inc. 401(k) Savings Plan Matching and Profit Sharing Accounts for MEGA Brands America, Inc. employees: 
  

					
	 “The MEGA Brands America, Inc.

401(k) Savings Plan
	  	 12/31/14
	  	 MEGA Company Account”

 5. The following sentence shall be added to the end of Section 8.7(d) of the Plan: 

“Each former participant in The MEGA Brands America, Inc. 401(k) Savings Plan may elect to receive a partial distribution of any portion
of his Distributable Benefit under the Plan.” 
 6. The following new Section 8.6(l) shall be added to the Plan: 

“(l) Withdrawal from MEGA Company Account: A Participant may receive a withdrawal from his MEGA Company Account
after attaining age 59-1/2. Hardship withdrawals are not permitted from the MEGA Company Account.” 
 7. Appendix A to the Plan
shall be amended to add The MEGA Brands America, Inc. 401(k) Savings Plan as a plan merged into this Plan effective as of December 31, 2014. Appendix B to the Plan shall be amended to add MEGA Brands America, Inc. as a Participating
Company effective as of January 1, 2015. 

  
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 8. Appendix C to the Plan shall be amended to add the following to the chart to provide
that participants in the MEGA Brands America, Inc. 401(k) Savings Plan as of December 31, 2014 shall become participants in the Plan as of January 1, 2015: 
  

					
	 MEGA Brands America, Inc.

401(k) Savings Plan
	  	 December 31, 2014
	  	
January 1, 2015

 9. Except as expressly or by necessary implication amended hereby, the PIP shall continue in full force and
effect. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on the day and year first above written effective as of
the dates specified herein. 
  

			
	MATTEL, INC.
		
	By:	 	 /s/ Alan Kaye

		 	Alan Kaye
		 	Executive Vice President
		 	Chief Human Resources Officer

  
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