Document:

EXB 10.1 - 06.30.2013

Exhibit 10.1

MASTERCARD INCORPORATED 
SCHEDULE OF NON-EMPLOYEE DIRECTORS’ ANNUAL COMPENSATION 
Effective as of June 18, 2013 
 
	
				
	 
	 
	 
	 

	ANNUAL RETAINER
	 
	AMOUNT

	Service as a Director
	 
	$
	100,000

	Service as Chairman of the Board
	 
	$
	150,000

	 
	 

	COMMITTEE SERVICE RETAINER
	 
	AMOUNT

	Audit Committee Member
	 
	$
	15,000

	Human Resources and Compensation Committee Member
	 
	$
	10,000

	Nominating and Corporate Governance Committee Member
	 
	$
	10,000

	Audit Committee Chairperson
	 
	$
	25,000

	Human Resources and Compensation Committee Chairperson
	 
	$
	20,000

	Nominating and Corporate Governance Committee Chairperson
	 
	$
	20,000

	 
	 

	EQUITY AWARDS(1)
	 
	AMOUNT

	 
	 
	 
	 

	Director
	 
	$
	150,000

	Chairman of the Board
	 
	$
	200,000

 
	
			
	 
	(1)
	Represents a grant of deferred stock units, restricted stock or alternative awards under the MasterCard Incorporated 2006 Non-Employee Director Equity Compensation Plan (the “Plan”), as amended and restated as of June 5, 2012.  The Plan was initially adopted by stockholders of MasterCard Incorporated (the “Company”) at its annual meeting of stockholders on July 18, 2006.  Stockholders approved the amended and restated Plan at the Company’s annual meeting of stockholders on June 5, 2012. Pursuant to the terms of the Plan, as amended and restated, on the date of an annual meeting of stockholders in each year for so long as the Plan remains in effect, each non-employee director who is elected at such annual meeting or whose term of office will continue after the date of such annual meeting, will automatically be awarded a number of either deferred stock units, restricted stock or an alternative award determined by dividing $150,000 ($200,000 in the case of the Chairman of the Board) by the closing price for the Company’s Class A common stock, par value $0.0001, on the exchange on which the shares are principally traded for the date of such annual meeting of stockholders.EXB 10.2 - 06.30.2013

Exhibit 10.2

FORM OF RESTRICTED STOCK AGREEMENT
[      ] GRANT

THIS AGREEMENT, dated as of [        ], (“Grant Date”) is between MasterCard Incorporated, a Delaware Corporation (the “Company”), and you (the “Director”).  Capitalized terms that are used but not defined in this Agreement have the meanings given to them in the 2006 Non-Employee Director Equity Compensation Plan (“Plan”) and, where applicable, in the 2006 Long Term Incentive Plan (the “Omnibus Plan”), both as amended and restated as of June 5, 2012.
WHEREAS, the Company has established the Plan, the terms of which Plan, and, to the extent applicable, the Omnibus Plan (but not the standard terms and conditions of Section 8.4 thereof) are made a part hereof; 
WHEREAS, the Human Resources Compensation and Committee of the Board of Directors of the Company (the “Committee”) has approved, and the Board of Directors of the Company has ratified, this grant under the terms of the Plan;

NOW, THEREFORE, the parties hereby agree as follows:
1.    Award.
Subject to the terms and conditions of this Agreement and of the Plan, the Company hereby grants to the Director [      ] shares of the Company’s $.0.0001 par value Class A Common Stock (the “Common Shares”), which Common Shares will be subject to the terms and conditions set forth below (the “Restricted Stock”).  Common Shares will be issued in the name of the Director, deposited in an account for the benefit of the Director, and subjected to appropriate transfer restrictions implemented to reflect the terms, conditions and restrictions applicable to the Restricted Stock as described herein.  
2.    Vesting.
The interest of the Director in the Restricted Stock is fully vested on grant, but is subject to transfer restrictions pursuant to Section 3 below.
3.    Transfer Restrictions.
The Restricted Stock granted hereunder may not be sold, assigned, margined, transferred, encumbered, conveyed, gifted, hypothecated, pledged, or otherwise disposed of and may not be subject to lien, garnishment, attachment or other legal process before the fourth anniversary of the Grant Date.  In the event the Director has a Termination from 

Service before the fourth anniversary of the Grant Date, the transfer restrictions shall lapse and be removed from the Common Shares within 60 days of the Director’s Termination from Service. 
4.    Section 83(b) Election.  
The Director’s rights under this Agreement are conditioned on the Director making a protective election under Section 83(b) of the Internal Revenue Code to include the value of the Common Shares in income at the Grant Date.  The Director agrees to make such election using the form provided by the Company and to submit the election to the Internal Revenue Service (“IRS”) within 30 calendar days of the Grant Date.  The Director also agrees to provide the Company with an executed copy of the Section 83(b) election within 10 days of filing the election with the IRS.
5.    Stockholder Rights.
Except as otherwise provided in this Agreement, the Director will have, with respect to the Restricted Stock, all of the rights of a shareholder of the Company holding the class of Common Shares that is the subject of the Restricted Stock, including, if applicable, the right to vote the shares and the right to receive any cash dividends.
6.    Changes in Stock.
In the event of any change in the number and kind of outstanding stock by reason of any recapitalization, reorganization, merger, consolidation, stock split or any similar change affecting the Common Shares (other than a dividend payable in Common Shares) the Company shall make an appropriate adjustment in the number and terms of the Restricted Stock as provided in the Plan.
7.    Compliance with Law.
No Common Shares will be delivered to the Director under this Agreement unless counsel for the Company is satisfied that such delivery will be in compliance with all applicable laws.
8.    Taxes.
The Director shall be liable for any and all U.S. and foreign income and social taxes, including any required withholding taxes, arising out of this Award.  The Company is authorized to deduct from the total number of Common Shares the Director is to receive the total value equal to the amount necessary to satisfy any such withholding obligation at the minimum applicable withholding rate, or to obtain withholdings in any other method permitted by the Plan or the Omnibus Plan.  In accordance with U.S. federal income tax withholding requirements, the Company shall withhold on amounts payable to Directors who are considered U.S. nonresident aliens under Code Section 7701(b). 

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9.    Discretionary Nature of Restricted Stock Award.
Director acknowledges and agrees that the grant of Restricted Stock is a discretionary Alternative Award under Section 6.3 of the Plan.  The grant of Restricted Stock under the Plan is a one-time benefit and does not create any contractual or other right to receive a grant of Restricted Stock or other Alternative Award under the Plan in the future.  
10.    Data Authorization.
Director acknowledges and consents to the collection, use, processing and transfer of personal data as described in this paragraph.  The Company and its affiliates hold certain personal information about Director, including Director’s name, home address and telephone number, date of birth, social insurance number, remuneration, nationality, any shares of stock or directorships held in the Company, details of all Restricted Stock or any other entitlement to shares of stock awarded, canceled, purchased, vested, unvested or outstanding in Director’s favor, for the purpose of managing and administering the Plan (“Data”).  The Company and/or its affiliates will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of Director’s participation in the Plan, and the Company and/or its affiliates may each further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan.  These recipients may be located in the European Economic Area, or elsewhere, such as the United States.  Director authorizes such third party recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing Director’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on Director’s behalf to a broker or other third party with whom Director may elect to deposit any shares of stock acquired pursuant to the Plan. This authorization is provided by Director solely in connection with and for the purposes of implementation, administration and management of the Plan.  Director may, at any time, review Data, require any necessary amendments to it, inquire about the safety measures taken to protect the Data, or withdraw the consents herein in writing by contacting the Company; however, withdrawing consent may affect Director’s ability to participate in the Plan.
11.    Miscellaneous.
(a)    The parties agree to execute such further instruments and to take such action as may reasonably be necessary to carry out the intent of this Agreement.
(b)    Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon delivery to the Director at the address then on file with the Company or upon delivery to the Company at 2000 Purchase Street, Purchase, New York 10577, Attn: Group Head, Global Rewards.
(c)    This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof.

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By /s/_______________________________
Name:  
Title: 

4EXB 10.3 - 06.30.2013

Exhibit 10.3

FORM OF DEFERRED STOCK UNIT AGREEMENT

THIS AGREEMENT, dated as of [    ] (“Grant Date”) is between MasterCard Incorporated, a Delaware Corporation (“Company”), and you (“Director”).  Capitalized terms that are used but not defined in this Agreement have the meanings given to them in the 2006 Non-Employee Director Equity Compensation Plan amended and restated as of June 5, 2012 (the “Plan”).  The parties hereby agree as follows:
1.    Grant of Units.
Subject to the terms and conditions of this Agreement and of the Plan, the Company hereby grants to you [   ] Deferred Stock Units (“Units”).  The Units comprising this award will be recorded in an unfunded Units account in your name maintained on the books of the Company (“Account”).  Each Unit represents the right to receive one share of the Company’s $0.0001 par value Class A Common Stock (“Common Shares”) under the terms and conditions set forth below.
2.    Vesting.
The interest of the Director in the Units is fully vested on grant. 
3.    Transfer Restrictions.
The Units granted hereunder may not be sold, assigned, margined, transferred, encumbered, conveyed, gifted, hypothecated, pledged, or otherwise disposed of and may not be subject to lien, garnishment, attachment or other legal process, except as expressly permitted by the Plan.  
4.    Stockholder Rights.
Prior to the time that Director’s Units are settled and the Company has issued Common Shares relating to such Units, Director will not be deemed to be the holder of, or have any of the rights of a holder with respect to, any Common Shares deliverable with respect to such Units.
5.    Dividend Equivalents.
Until such time as the Units are released to the Director, the Company will pay the Director a cash amount equal to the number of Units granted hereunder times any per share dividend payment made to shareholders of the Company’s Common Shares as long as the Director continues to hold such Units on the dividend payment date.  Such payments shall be made by the end of the year in which dividends are paid to shareholders.

6.    Changes in Stock.
In the event of any change in the number and kind of outstanding stock by reason of any recapitalization, reorganization, merger, consolidation, stock split or any similar change affecting the Common Shares (other than a dividend payable in Common Shares) the Company shall make an appropriate adjustment in the number and terms of the Units credited to the Director’s Account as provided in the Plan.
7.    Form and Timing of Payment.
The Company shall pay on the fourth anniversary of the date of grant, [       ], a number of Common Shares equal to the aggregate number of Units granted under this Agreement.  In the event the Director has a Termination from Service before the fourth anniversary of the date of grant, payment shall be made within 60 days of the Director’s Termination from Service.  
A Director may elect, at a time and in a form prescribed by the Company, to defer settlement of the Deferred Stock Units until a specified anniversary of the date of grant later than the fourth anniversary or until the Director’s Termination from Service after the fourth anniversary of the date of grant.  Notwithstanding any such election, in the event of the Director’s Termination from Service, the Deferred Stock Units shall be settled within 60 days of the Director’s Termination from Service.  In order to be effective, any such election to defer settlement until after the fourth anniversary of the date of grant must be made no later than December 31 of the year prior to the Annual Meeting of shareholders on which the Award is made.  Once the December 31 deadline for electing has passed, an election as to time of payment is irrevocable.  
In the event a Director is a specified employee for purposes of Code section 409A(a)(2)(B)(i) at the time of his or her Termination from Service, any payment required to be made on Termination from Service shall be made on the first day of the seventh month following Termination from Service.
8.    Compliance with Law.
No Common Shares will be delivered to Director unless counsel for the Company is satisfied that such delivery will be in compliance with all applicable laws.
9.    Taxes. 
The Director shall be liable for any and all U.S. and foreign income and social taxes, including any required withholding taxes, arising out of this grant or the issuance of the Common Shares hereunder.  The Company is authorized to deduct the amount of tax withholding from the amount payable to the Director upon settlement of the Units.  The Company shall withhold from the total number of Common Shares the Director is to receive the value equal to the amount necessary to satisfy the applicable withholding requirements.  In accordance with US federal income tax withholding requirements, the Company shall withhold on amounts payable to Directors who are considered U.S. nonresident aliens under Code Section 7701(b).

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10.    Data Authorization.
Director acknowledges and consents to the collection, use, processing and transfer of personal data as described in this paragraph.  The Company and its affiliates hold certain personal information about Director, including Director’s name, home address and telephone number, date of birth, social insurance number, remuneration, nationality, any shares of stock or directorships held in the Company, details of all Units or any other entitlement to shares of stock awarded, canceled, purchased, vested, unvested or outstanding in Director’s favor, for the purpose of managing and administering the Plan (“Data”).  The Company and/or its affiliates will transfer Data amongst themselves as necessary for the purpose of implementation, administration and management of Director’s participation in the Plan, and the Company and/or its affiliates may each further transfer Data to any third parties assisting the Company in the implementation, administration and management of the Plan.  These recipients may be located in the European Economic Area, or elsewhere, such as the United States.  Director authorizes such third party recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing Director’s participation in the Plan, including any requisite transfer of such Data as may be required for the administration of the Plan and/or the subsequent holding of shares of stock on Director’s behalf to a broker or other third party with whom Director may elect to deposit any shares of stock acquired pursuant to the Plan. This authorization is provided by Director solely in connection with and for the purposes of implementation, administration and management of the Plan.  Director may, at any time, review Data, require any necessary amendments to it, inquire about the safety measures taken to protect the Data, or withdraw the consents herein in writing by contacting the Company; however, withdrawing consent may affect Director’s ability to participate in the Plan.
11.    Section 409A.
The Company may at its sole discretion amend or replace the agreement to cause the agreement to comply with Code section 409A.
12.    Miscellaneous.
(a)    All amounts credited to the Director’s Account under this Agreement shall continue for all purposes to be a part of the general assets of the Company.  The Director’s interest in the Account shall make the Director only a general, unsecured creditor of the Company.
(b)    The parties agree to execute such further instruments and to take such action as may reasonably be necessary to carry out the intent of this Agreement.
(c)    Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given upon delivery to the Director at the address then on file with the Company or upon delivery to the Company at 2000 Purchase Street, Purchase, New York 10577, Attn: Group Head, Global Rewards.  

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(d)    This Agreement, constitutes the entire agreement of the parties with respect to the subject matter hereof.

By /s/_______________________________
Name:
Title: 

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