Document:

Exhibit

EXHIBIT 10.386

THE CHARLES SCHWAB CORPORATION
[2013 STOCK INCENTIVE PLAN]
NOTICE OF RESTRICTED STOCK UNIT GRANT
(PERFORMANCE-BASED VESTING)

You have been granted Restricted Stock Units.  A Restricted Stock Unit represents the right to receive, subject to certain conditions, a share of common stock (a “Share”) of The Charles Schwab Corporation (“Schwab”), under [The Charles Schwab Corporation 2013 Stock Incentive Plan] (the “Plan”).  Your Restricted Stock Units are granted subject to the following terms:

	
		
	Name of Recipient:
	<first_name> <last_name>

	Number of Target 
Restricted Stock Units
Granted:
	

<shares_awarded>

	Grant Date:
	<award_date>

	Performance Period(s):
	[xxxx to xxxx]

	Vesting Schedule:
	So long as you remain in service in good standing and
subject to the terms of the Restricted Stock Unit Agreement
and certification of the achievement of the Performance
Goal by Schwab’s Compensation Committee, this grant
vests as follows:

	 
	Number of Target Restricted Stock Units on Vesting Date:

	 
	<vesting_schedule>

The Target Restricted Stock Units shall vest only if Schwab’s Compensation Committee certifies that as of the Vesting Date above, Schwab has satisfied the Performance Goal for the applicable performance period ending prior to such Vesting Date.  The Performance Goal shall be established by the Compensation Committee not later than the 90th day of the applicable Performance Period (or, in the event that a Performance Period is expected to be less than 12 months, not later than the date when 25% of the Performance Period has elapsed).

The number of Shares payable pursuant to the Target Restricted Stock Units granted herein will be determined based on a formula established by the Compensation Committee not later than the 90th day of the applicable Performance Period (or, in the event that a Performance Period is expected to be less than 12 months, not later than the date when 25% of the Performance Period has elapsed).

Except as otherwise provided in the Restricted Stock Unit Agreement, if the Performance Goal is not met, any unvested portion of the grant will be forfeited automatically and permanently on the date established by the Compensation Committee.

1

Restricted Stock Units are an unfunded and unsecured obligation of Schwab.  Any vested Restricted Stock Units will be paid in Shares as soon as administratively possible after vesting, but in no event beyond March 15th of the year following the year of vesting.

You and Schwab agree that this grant is issued under and governed by the terms and conditions of the Plan and the Restricted Stock Unit Agreement, both of which are made a part of this notice.  Please review the Restricted Stock Unit Agreement and the Plan carefully, as they explain the terms and conditions of this grant.  You agree that Schwab may deliver electronically all documents relating to the Plan or this grant (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 grant, you agree to all of the terms and conditions described above, in the Restricted Stock Unit Agreement and in the Plan, and you have no right whatsoever to change or negotiate such terms and conditions.

2

THE CHARLES SCHWAB CORPORATION
[2013 STOCK INCENTIVE PLAN]
RESTRICTED STOCK UNIT AGREEMENT
(PERFORMANCE-BASED VESTING)
 
	
		
	Payment for Units
	No payment is required for the Restricted Stock Units that you are receiving.  Restricted Stock Units are an unfunded and unsecured obligation of The Charles Schwab Corporation (“Schwab”).

	Vesting 

	Subject to the provisions of this Restricted Stock Unit Agreement (“Agreement”), a Restricted Stock Unit becomes vested as described in the Notice of Restricted Stock Unit Grant based on the achievement of the Performance Goal established by the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Schwab (the “Board”), of which this Restricted Stock Unit Agreement is a part. 
Unvested units will be considered “Restricted Stock Units.”  If your service terminates for any reason, then your Restricted Stock Units will automatically and permanently be forfeited to the extent that they have not vested before the termination date and will not vest as a result of the termination, unless otherwise noted below.  This means that the Restricted Stock Units will immediately revert to Schwab.  You will receive no payment for Restricted Stock Units 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 grant, to the extent not already forfeited, will become fully vested and payable at target upon your death or disability.  If, prior to the date your service terminates, Schwab is subject to a “change in control”, as defined in [The Charles Schwab Corporation 2013 Stock Incentive Plan] (the “Plan”), this grant, to the extent not already forfeited, will become fully vested and payable at target as of the date that the change in control occurs. 

	Continued Vesting

	If your service terminates on account of your retirement as defined below, you will be treated as in service in good standing for purposes of determining further vesting of the 

1

	
		
	 
	grant. 
If you are entitled to severance benefits under The Charles Schwab Severance Pay Plan (or any successor plan) and have signed your Severance Agreement, then you may be treated as in service in good standing during your Severance Period for purposes of determining further vesting of the grant under the terms of that plan.

	Definition of Fair Market Value
	“Fair market value” means the average of the high and low price of a Share (as defined below) as reported on the New York Stock Exchange on the applicable determination date.

	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, or if you are not covered by Schwab’s long-term disability plan, 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 as determined by Schwab in its sole discretion. 

	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 the earlier of when you attain age 55, but only if, at the time of your termination, you have been credited with at least 10 years of service or when you attain age 65, but only if, at the time of your termination, you have been credited with at least 5 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). 

	Payment of Shares

	The Target Restricted Stock Units in the Notice of Restricted Stock Unit Grant will be used to determine the shares of common stock of The Charles Schwab Corporation (“Shares”) payable based on the Performance Goal and formula established by the Compensation Committee not later than the 90th day of the applicable Performance Period (or, in the event that a Performance Period is expected to be less than 12 months, not later than the date when 25% of the Performance Period has elapsed).  The Shares payable are calculated following the end of the Performance Period based on the Performance Goal achieved and any adjustments provided for 

2

	
		
	 
	under the Plan and this Agreement.  The Shares shall be paid as soon as administratively possible following vesting, but in no event beyond March 15th of the year following the year of vesting.

	Restrictions on
Restricted
Stock Units

	You may not sell, transfer, pledge, or otherwise dispose of any Restricted Stock Units without Schwab’s written consent.  Schwab will deliver Shares to you only after the Restricted Stock Units vest and after all other terms and conditions in this Agreement have been satisfied. 
Schwab may, in its sole discretion, allow you to transfer these Restricted Stock Units under a domestic relations order in settlement of marital or domestic property rights.
In order to transfer these Restricted Stock Units, you and the transferee(s) must follow the procedures prescribed by Schwab, and the transferee must follow the terms of this Agreement.

	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 with Schwab.  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.  In no event will the payment be made beyond March 15th of the year following the year of death.

	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.

	Cancellation of Restricted Stock Units
	To the fullest extent permitted by applicable laws, these Restricted Stock Units will immediately be cancelled and will expire in the event that Schwab terminates your employment on account of conduct contrary to the best interests of Schwab, including, without limitation, conduct constituting a violation of law or Schwab policy, fraud, theft, conflict of interest, dishonesty or harassment.  The determination whether your employment has been terminated on account of conduct 

3

	
		
	 
	inimical to the best interests of Schwab shall be made by Schwab in its sole discretion, and will be entitled to deference upon any review.

	Withholding Taxes

	The Restricted Stock Units will not be paid in Shares 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 grant.  These arrangements may include withholding Shares.  Schwab may withhold the number of whole Shares, valued at the fair market value on the applicable date required to satisfy such applicable withholding taxes.  Schwab will round up to the next whole Share to cover the applicable withholding taxes, and any amounts in excess of the applicable withholding taxes resulting from rounding up to the next whole Share will be added to your federal income tax withholdings.  In the event you do not elect to pay applicable withholding taxes in cash, Schwab shall withhold Shares as noted above.
Applicable withholding taxes due on the distribution of Shares subject to this award following termination of employment will be withheld as noted above, unless you have made acceptable arrangements to pay any applicable withholding taxes in cash. If you elect to pay applicable withholding taxes due on the distribution of Shares in cash, you are responsible for having sufficient funds in your Schwab brokerage account to cover the applicable withholding taxes at the time they are due.

	No Stockholder Rights
	Your Restricted Stock Units carry no voting or other stockholder rights.  You have no rights as a Schwab stockholder until your units are settled by issuing Shares.

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

	Dividend Equivalent Rights

	If Schwab pays cash dividends on Shares, each Restricted Stock Unit will accrue a dividend equivalent equal to the cash dividend paid per Share, subject to the same vesting and forfeiture provisions as the associated Restricted Stock Units, to be paid in cash without interest at the time the associated Restricted Stock Units vest and Shares are released.  In no event will the accumulated dividend equivalent be paid beyond March 15th of the year following the year in which the associated Restricted Stock Units vest.

	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 

4

	
		
	Employee
	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 grant may be reduced or forfeited and you may be required to disgorge any profit that you have realized from your grant.
If a disqualified individual receives a payment or transfer under the Plan that would constitute an excess parachute payment under section 280G of the Code, such payment will be reduced, as described below.  Generally, someone is a “disqualified individual” under section 280G 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 this section on “Limitation on Payments,” the term “Schwab” will include affiliated corporations to the extent determined by the independent auditors most recently selected by the  Board (the “Auditors”) in accordance with section 280G(d)(5) of the Code. 
In the event that 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 (as defined below); provided, however, that the Compensation Committee may specify in writing that the grant 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 of the Reduced Amount.  You may

5

	
		
	 
	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, and your election is consistent with any mandatory eliminations or reductions that apply under other agreements or the Plan).  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 determinations 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 that should not have been made (an “Overpayment”) or that additional Payments that 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 the Auditors, based upon the assertion of a deficiency by the Internal Revenue Service against you or Schwab that the Auditors believe has a high probability of success, determine that an Overpayment has been made, the amount of such Overpayment will be paid by you 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 that is subject to taxation under section 4999 of the Code.  In the event 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.

6

	
		
	 
	Notwithstanding the foregoing, in no event will a payment be made under this Section beyond March 15th of the year following the year in which the amount ceases to be subject to a substantial risk of forfeiture.

	Plan Administration

	The Plan administrator has discretionary authority to make all determinations related to this grant and to construe the terms of the Plan, the Notice of Restricted Stock Unit Grant and this Agreement. The Plan administrator’s determinations are conclusive and binding on all persons, and they are entitled to deference upon any review.

	Adjustments

	In the event of a stock split, a stock dividend or a similar change in the Shares, the number of Restricted Stock Units 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 Unit Grant and the Plan constitute the entire understanding between you and Schwab regarding this grant.  Any prior agreements, commitments or negotiations concerning this grant 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.

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

7Exhibit

EXHIBIT 10.387

THE CHARLES SCHWAB CORPORATION 
[2013 STOCK INCENTIVE PLAN]
NOTICE OF NONQUALIFIED STOCK OPTION GRANT 
    
You have been granted the following option to purchase common stock (“Shares”) of                The Charles Schwab Corporation (“Schwab”) under [The Charles Schwab Corporation    2013 Stock Incentive Plan] (the “Plan”).  A stock option represents the right to purchase Shares at a fixed price, called the exercise price, within a certain period of time.  Your       option is granted subject to the following terms:

	
		
	Name of Recipient:
	<first_name> <last_name>

	Total Number of  Shares Granted:
	<shares_awarded>

	Exercise Price Per Share: 
	<award_price>

	Grant Date:
	<award_date>

	Expiration Date:
	<expire_date>

	Vesting Schedule
	So long as you remain employed in good standing by Schwab or its subsidiaries and subject to the terms of the Nonqualified 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:

Number of Shares on Vesting Date:
<vesting_schedule>

You and Schwab agree that this option is granted under and governed by the terms and conditions of the Plan and the Nonqualified Stock Option Agreement, both of which are made a part of this notice.  Please review the Nonqualified Stock Option Agreement and the Plan carefully, as they explain 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.

THE CHARLES SCHWAB CORPORATION
[2013 STOCK INCENTIVE PLAN]
NONQUALIFIED STOCK OPTION AGREEMENT 

	
		
	Tax Treatment
	This option is a nonqualified stock option and is not intended to            qualify as an incentive stock option under federal tax laws.

	Vesting
	Subject to the provisions of this Nonqualified Stock Option Agreement (“Agreement”), this option becomes vested in installments as described in the Notice of Nonqualified Stock Option Grant.

	Accelerated Vesting
	This option will become fully exercisable if your service with The  Charles Schwab Corporation (“Schwab”) and its subsidiaries      terminates on account of your death or disability. 
This option will become fully exercisable if your service with Schwab and its subsidiaries terminates on account of your retirement as defined below. 
If, prior to the date your service terminates, Schwab is subject to a “change in control” (as defined in [The Charles Schwab Corporation 2013 Stock Incentive Plan] (the “Plan”)), this option will become fully exercisable immediately preceding the change in control. If the Compensation Committee (or its delegate) (the “Compensation Committee”) of the Board of Directors of Schwab (the “Board”) 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 have a disability such that you have been determined to be eligible for           benefits under Schwab’s long-term disability plan or if you are not covered by Schwab’s long-term disability plan, 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 as determined by Schwab     in its sole discretion.    

	Definition of Retirement
	For all purposes of this Agreement, “retirement” will mean any termination of employment with Schwab and its subsidiaries for any reason other than death at any time after the earlier of when you attain age 55, but only if, at the time of your termination, you have been               credited with at least 10 years of service or when you attain age 65, but        only if, at the time of your termination, you have been credited with at least 5 years of service. 

1

	
		
	 
	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).

	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 of common stock of Schwab (“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 pay the option exercise price for the Shares you are purchasing.  Payment may be        made in one of the following forms:
•    Cash in your Schwab brokerage account in an amount          sufficient to cover the option exercise price of the Shares and        the required tax withholding. (This exercise method is     sometimes referred to as “Exercise and Hold”).
•    Shares surrendered to Schwab. These Shares will be valued at their fair market value on the date when the new Shares are purchased. (This exercise method is sometimes referred to as a “Stock Swap.”)
•    By delivery (in a manner prescribed by Schwab) of an     irrevocable direction to Charles Schwab & Co., Inc. to sell     Shares (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.  (This exercise method is sometimes referred to as “Exercise and Sell” or “Sell to Cover.”)

	Term
	This option expires no later than the Expiration Date specified in the Notice of Nonqualified Stock Option Grant but may expire earlier          upon your termination of service, as described below.

	Termination of Service
	This option will expire on the date three months following the date of your termination of employment with Schwab and its subsidiaries for any reason other than on account of death, disability or retirement.             The terms “disability” and “retirement” are defined above. 
If you cease to be 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 an employee of Schwab and its subsidiaries by

2

	
		
	 
	reason of your retirement and have been credited with at least 5 years   of service, then this option will expire on the earlier of the fifth        anniversary of the date of your termination or the Expiration Date specified in the Notice of Nonqualified Stock Option Grant.  If you          cease to be an employee of Schwab and its subsidiaries by reason of       your retirement and have been credited with at least 15 years of                service, then this option will expire on the Expiration Date specified in the Notice of Nonqualified Stock Option Grant.

	Effect of Entitlement to Severance 
	If you are entitled to severance benefits under The Charles Schwab Severance Pay Plan (or any successor plan) and have signed your Severance Agreement, then vesting of this option shall be determined under the terms of that plan.

	Cancellation of Options
	To the fullest extent permitted by applicable laws, this option will immediately be cancelled and will expire in the event that Schwab terminates your employment on account of conduct contrary to the            best interests of Schwab, including, without limitation, conduct constituting a violation of law or Schwab policy, fraud, theft, conflict       of interest, dishonesty or harassment. The determination whether your employment has been terminated on account of conduct inimical to the best interests of Schwab shall be made by Schwab in its sole             discretion.

	Withholding Taxes and Stock Withholding
	You will not be allowed to exercise this option unless you make arrangements acceptable to Schwab to pay any applicable withholding of income and employment taxes that may be due as a result of the       option exercise. These arrangements may include without limitation withholding Shares that otherwise would be issued to you when you exercise this option.  In the event you do not elect to pay applicable withholding taxes in cash, Schwab shall withhold Shares.  Schwab          may withhold the number of whole Shares, valued at the fair market value on the applicable date, required to satisfy such applicable withholding taxes.  Schwab will round up to the next whole Share to cover the applicable withholding taxes, and any amounts in excess of  the applicable withholding taxes resulting from rounding up to the next whole Share will be added to your federal income tax withholdings.

	Restrictions on Exercise and Issuance or Transfer of Shares
	You cannot exercise this option and no Shares 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.

	No
	You, or your estate or heirs, have no rights as a stockholder of Schwab

3

	
		
	Stockholder Rights
	until you have exercised this option by giving the required notice to Schwab 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.

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

	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 dispose of this option in your will or in a beneficiary  designation. You may designate one or more beneficiaries by filing a beneficiary designation form with Schwab.  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 options will be exercisable by your estate.
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 follow    the procedures prescribed by Schwab, and the transferee(s) must         follow the terms of this Agreement.

	Limitations 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 grant may be reduced or cancelled and you may be required to disgorge any profit that you have realized from your grant. 

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” under section 280G 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 this section on “Limitation on Payments,” the term       “Schwab " will include affiliated corporations to the extent determined by the Auditors (as defined below) in accordance with section            

4

	
		
	 
	280G(d)(5) of the Code.
In the event that the independent auditors most recently selected by the Board (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 (as defined below); provided, however, that the Compensation Committee may specify in writing that the grant 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, and your election is consistent with any mandatory eliminations or reductions that apply under other      agreements or the Plan).  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 determinations 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

5

	
		
	 
	 

	 
	Code at the time of an initial determination by the Auditors, it is        possible that Payments will have been made by Schwab that should not                       have been made (an “Overpayment”) or that additional Payments that 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 the Auditors, based upon the assertion of a deficiency by the Internal Revenue Service against you or Schwab that 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 that 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 that is subject to taxation under section 4999 of the Code. In the event 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.

	Plan Administration
	The Plan administrator has discretionary authority to make all determinations related to this option and to construe the terms of the  Plan, the Notice of Nonqualified Stock Option Grant, and this  Agreement. The Plan administrator’s determinations are conclusive      and binding on all persons, and they are entitled to deference upon any review.

	Adjustments
	In the event of a stock split, a stock dividend or a similar change in   Shares, the Compensation Committee, in its discretion, may 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.

	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 (including the Additional Terms and Conditions for Non-U.S. Recipients and the Country-Specific Provisions), the Notice of Nonqualified Stock Option Grant, and the Plan constitute the entire understanding between you and Schwab regarding this option.  Any

6

	
		
	 
	prior agreements, commitments or negotiations concerning this option are superseded.  This Agreement may be amended only by another   written agreement approved by the Compensation Committee and    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.  Nothing in this Agreement gives you the ability to negotiate or change the key terms and conditions described above, in   the Notice of Nonqualified Stock Option Grant and in the Plan.

7

ADDITIONAL TERMS AND CONDITIONS FOR NON-U.S. RECIPIENTS

The additional (or, if so indicated, different) terms and conditions set forth below are specifically incorporated into the Nonqualified Stock Option Agreement (the      “Agreement”) for awards granted outside the United States (“U.S.”). These terms and conditions govern this option granted under the Plan if you reside or work outside of the U.S. Due to the complexities of legal, regulatory and tax issues, you should seek        appropriate professional advice as to how the relevant laws in the applicable country may apply to your individual situation.

Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Plan and/or the Agreement.

Withholding Taxes and Stock Withholding: The following provisions supplement the Withholding Taxes and Stock Withholding section of the Agreement: 

You acknowledge that, regardless of any action taken by Schwab or, if different, your employer (“Employer”), the ultimate liability for all income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to your participation in the Plan and legally applicable to you (“withholding taxes”), is and          remains your responsibility and may exceed the amount, if any, actually withheld by     Schwab or your Employer. You further acknowledge that Schwab and/or your Employer (1) make no representations or undertakings regarding the treatment of any withholding taxes in connection with any aspect of this option, including, but not limited to, the grant, vesting or exercise of this option, the subsequent sale of Shares acquired pursuant to such exercise and the receipt of any dividends; and (2) do not commit to and are under no obligation to structure the terms of the grant or any aspect of this option to reduce or     eliminate your liability for withholding taxes or achieve any particular tax result. Further, if you are subject to withholding taxes in more than one jurisdiction, you acknowledge         that Schwab and/or your Employer (or former employer, as applicable) may be required      to withhold or account for withholding taxes in more than one jurisdiction.

Prior to any relevant taxable or tax withholding event, as applicable, you agree to make adequate arrangements satisfactory to Schwab and/or the Employer to satisfy all   withholding taxes.

In this regard, you authorize Schwab and/or the Employer, or their respective agents, at   their discretion, to satisfy any applicable withholding obligations with regard to all withholding taxes by one or a combination of the following:  (a) withholding from your wages or other cash compensation paid to you by Schwab and/or the Employer; (b) withholding from funds in your Schwab brokerage account; (c) requiring you to make a cash payment in an amount equal to the withholding obligations for withholding taxes;          (d) withholding from proceeds of the sale of Shares acquired upon exercise of this option either through a voluntary sale or through a mandatory sale arranged by Schwab (on your behalf pursuant to this authorization without further consent); (e) withholding in Shares        to be issued upon exercise of this option; or (f) any other method of withholding          determined by Schwab and permitted by applicable law.

8

Depending on the withholding method, Schwab may withhold or account for withholding taxes by considering applicable minimum statutory withholding amounts or other    applicable withholding rates, including maximum applicable rates in your jurisdiction(s), in which case you may receive a refund of any over-withheld amount in cash and will            have no entitlement to the equivalent in Shares. If the obligation for withholding taxes is satisfied by withholding in Shares, for tax purposes, you are deemed to have been issued the full number of Shares subject to the exercised option, notwithstanding that a number    of the Shares are held back solely for the purpose of paying the withholding taxes.

Nature of Grant: In accepting this option, you acknowledge, understand and agree that:

		
	(1)
	the Plan is established voluntarily by Schwab, it is discretionary in nature and it may be modified, amended, suspended or terminated by Schwab at any time, to the extent permitted by the Plan;

		
	(2)
	the grant of this option is exceptional, voluntary and occasional and does not      create any contractual or other right to receive future grants of options, or          benefits in lieu of options, even if options have been granted in the past; 

		
	(3)
	all decisions with respect to future options or other grants, if any, will be at the sole discretion of Schwab; 

		
	(4)
	you are voluntarily participating in the Plan; 

		
	(5)
	this option, any Shares acquired under this option, and the income and value of same, are not intended to replace any pension rights or compensation;

		
	(6)
	this option and any Shares acquired under this option, and the income and value of same, are not part of normal or expected compensation for any purpose,  including calculating any severance, resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, holiday pay, long-service awards, pension or retirement or welfare benefits or similar mandatory payments; 

		
	(7)
	unless otherwise agreed with Schwab, this option and the Shares acquired              under this option, and the income and value of same, are not granted as consideration for, or in connection with, the service you may provide as a                                                        director of a subsidiary of Schwab;

		
	(8)
	the future value of the underlying Shares is unknown, indeterminable and            cannot be predicted with certainty; 

		
	(9)
	if the underlying Shares do not increase in value, this option will have no value;

		
	(10)
	if you exercise this option and acquire Shares, the value of such Shares may  increase or decrease in value, even below the exercise price;

9

		
	(11)
	for purposes of this option, your employment or service relationship will be considered terminated as of the date you are no longer actively providing          services to Schwab and its subsidiaries (regardless of the reason for such termination and whether or not later found to be invalid or in breach of     employment laws in the jurisdiction where you are employed or the terms of           your employment agreement, if any), and unless otherwise expressly provided        in this Agreement or determined by Schwab, (i) your right to vest in this option under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., your period of service would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where you are employed or the terms of           your employment agreement, if any); and (ii) the period (if any) during which     you may exercise this option after such termination of your employment or       service relationship will commence on the date you cease to actively provide services and will not be extended by any notice period mandated under  employment laws in the jurisdiction where you are employed or terms of your employment agreement, if any; the Plan administrator shall have the exclusive discretion to determine when you are no longer actively providing services for purposes of this option grant (including whether you may still be considered to   be providing services while on a leave of absence);

		
	(12)
	unless otherwise provided in the Plan or by Schwab in its discretion, this option and the benefits evidenced by this Agreement do not create any entitlement to   have this option or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction affecting the Shares; and 

		
	(13)
	neither Schwab, its subsidiaries nor your Employer shall be liable for any           foreign exchange rate fluctuation between your local currency and the United  States Dollar that may affect the value of this option or of any amounts due to     you pursuant to the exercise of this option or the subsequent sale of any Shares acquired upon exercise.

No Advice Regarding Grant: Schwab is not providing any tax, legal or financial advice, nor is Schwab making any recommendations regarding your participation in the Plan, or your acquisition or sale of the underlying Shares. You should consult with your own     personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan.

Compliance with Law: Notwithstanding any other provision of the Plan or this      Agreement, unless there is an available exemption from any registration, qualification or other legal requirement applicable to the Shares, Schwab shall not be required to deliver any Shares issuable upon exercise of this option prior to the completion of any              registration or qualification of the Shares under any local, state, federal or foreign        securities or exchange control law or under rulings or regulations of the U.S. Securities      and Exchange Commission (“SEC”) or of any other governmental regulatory body, or               prior to obtaining any approval or other clearance from any local, state, federal or foreign 

10

governmental agency, which registration, qualification or approval Schwab shall, in its absolute discretion, deem necessary or advisable. You understand that Schwab is under           no obligation to register or qualify the Shares with the SEC or any state or foreign           securities commission or to seek approval or clearance from any governmental authority for the issuance or sale of the Shares. Further, you agree that Schwab shall have unilateral authority to amend the Agreement without your consent to the extent necessary to               comply with securities or other laws applicable to issuance of Shares.

Insider Trading/Market Abuse Laws: You acknowledge that you may be subject to     insider trading restrictions and/or market abuse laws based on the exchange on which the Shares are listed and in applicable jurisdictions including the United States and your      country or your broker’s country, if different, which may affect your ability to accept,  acquire, sell or otherwise dispose of Shares, rights to Shares (e.g., this option) or rights linked to the value of Shares during such times you are considered to have “inside information” regarding Schwab (as defined in the laws or regulations in applicable jurisdictions).  Any restrictions under these laws or regulations are separate from and in addition to any restrictions that may be imposed under any applicable Schwab insider    trading policy. You acknowledge that it is your responsibility to comply with any               applicable restrictions and are advised to speak to your personal advisor on this matter.

Foreign Asset/Account Reporting: Please be aware that your country may have certain foreign asset and/or account reporting requirements which may affect your ability to      acquire or hold Shares under the Plan or cash received from participating in the Plan (including from any dividends or dividend equivalents received or sale proceeds arising from the sale of Shares) in a brokerage or bank account outside your country. You may           be required to report such accounts, assets or transactions to the tax or other authorities in your country. You acknowledge that it is your responsibility to be compliant with such regulations, and you should speak to your personal advisor on this matter.

Data Privacy: You hereby explicitly and unambiguously consent to the collection, use   and transfer, in electronic or other form, of your personal data as described in this Agreement and any other option grant materials (“Data”) by and among, as             applicable, your Employer, Schwab and its subsidiaries for the exclusive purpose of implementing, administering and managing your participation in the Plan.

You understand that Schwab and your Employer may hold certain personal           information about you, including, but not limited to, your name, home address and telephone number, email address, date of birth, social insurance, passport or other identification number, salary, nationality, job title, any Shares or directorships held in Schwab, details of all options or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the exclusive purpose of implementing, administering and managing the Plan.

You understand that Data will be transferred to Schwab or such other stock plan              service provider as may be selected by Schwab in the future, which is assisting Schwab with the implementation, administration and management of the Plan. You understand that the recipients of the Data may be located in the United States or elsewhere, and           

11

that the recipients’ country (e.g., the United States) may have different data privacy             laws and protections than your country. You understand that if you reside outside the United States, you may request a list with the names and addresses of any potential recipients of the Data by contacting your local human resources representative. You authorize Schwab and any other possible recipients which may assist Schwab            (presently or in the future) with implementing, administering and managing the Plan       to receive, possess, use, retain and transfer the Data, in electronic or other form, for            the sole purpose of implementing, administering and managing your participation in        the Plan. You understand that Data will be held only as long as is necessary to          implement, administer and manage your participation in the Plan. You understand that if you reside outside the United States, you may, at any time, view Data, request         additional information about the storage and processing of Data, require any                     necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing your local human resources representative.                Further, you understand that you are providing the consents herein on a purely               voluntary basis. If you do not consent, or if you later seek to revoke your consent, your employment status or service with your Employer will not be affected; the only consequence of refusing or withdrawing your consent is that Schwab would not be able to grant you options or other equity awards or administer or maintain such awards. Therefore, you understand that refusing or withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative.

12

COUNTRY-SPECIFIC PROVISIONS

Terms and Conditions

These additional terms and conditions govern this option granted to you under the Plan if you are an employee and reside and/or work in one of the countries listed below.
 
Notifications

These provisions may also include information regarding exchange controls and certain other issues of which you should be aware with respect to your participation in the Plan.  The information is based on the securities, exchange control and other laws in effect in         the respective countries as of September 2017.  These laws are often complex and change frequently.  As a result, you should not rely on the information in these additional terms   and conditions as the only source of information relating to your participation in the Plan.

In addition, the information contained herein is general in nature and may not apply to        your particular situation, and Schwab is not in a position to assure you of a particular            result.  Accordingly, you should seek appropriate professional advice as to how the         relevant laws in your country may apply to your situation.

You understand that if you are a citizen or resident of a country other than the one in                which you currently reside and/or work, transfer to another country after the date of               grant, or are considered a resident of another country for local law purposes, Schwab             shall, in its discretion, determine the extent to which the special terms and conditions contained herein shall be applicable to you.  In addition, the notifications contained              herein may not be applicable to you in the same manner.

AUSTRALIA

Notifications

Offer Document: The offer of the option is intended to comply with the provisions of the Corporations Act 2001, ASIC Regulatory Guide 49 and ASIC Class Order CO                             14/1000. Additional details are set forth in the Offer Document for the Offer of Stock    Options and Restricted Stock Units to Australian Residents, which was distributed to you with this Agreement.

Tax Information:  Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth)   applies to the option granted under the Plan, such that this option is intended to be subject to deferred taxation.

Exchange Controls: If you are an Australian resident, exchange control reporting is   required for cash transactions exceeding A$10,000 and international fund transfers. The Australian bank assisting with the transaction will file the report. If there is no Australian bank involved in the transfer, you will be required to file the report.

13

HONG KONG

Terms and Conditions

Sale Restriction: Any Shares acquired pursuant to exercise of this option are accepted as a personal investment. In the event that you exercise this option and Shares are issued to you (or your heir) within six months of the date of grant, you (or your heir) agree that             such Shares will not be offered to the public or otherwise disposed of prior to the six-         month anniversary of the date of grant.

Notifications

Securities Law: WARNING: The contents of this document have not been reviewed by           any regulatory authority in Hong Kong. You are advised to exercise caution in relation to the offer. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. Neither the grant of the options nor the issuance of Shares upon exercise constitutes a public offering of securities under Hong Kong law and are available only to employees of Schwab and its subsidiaries. This Agreement, the Plan and other incidental communication materials distributed in connection with the options (i) have not been prepared in accordance with and are not intended to constitute    a “prospectus” for a public offering of securities under the applicable securities        legislation in Hong Kong and (ii) are intended only for the personal use of each eligible employee of Schwab or its subsidiaries and may not be distributed to any other person. 

Nature of Scheme. Schwab specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance (“ORSO”). 

SINGAPORE

Terms and Conditions

Sale Restriction:  You agree that any Shares acquired pursuant to this option will not be offered for sale in Singapore within 6 months from the date of grant, unless such offer or sale is made pursuant to one or more exemptions under Part XIII Division (1)               Subdivision (4) (other than section 280) of the Securities and Futures Act (Chap. 289,           2006 Ed.) (“SFA”).

Notifications

Securities Law: This option grant is being made in reliance on section 273(1)(f) of the   SFA, on which basis it is exempt from the prospectus and registration requirements under the SFA and is not made to you with a view to this option or the Shares being                 subsequently offered for sale to any other party. The Plan has not been lodged or             registered as a prospectus with the Monetary Authority of Singapore. 

14

Chief Executive Officer and Director Notification Obligation. The Chief Executive Officer (“CEO”) and the directors of a Singapore subsidiary of Schwab are subject to       certain notification requirements under the Singapore Companies Act. The CEO and the directors must notify the Singapore subsidiary in writing of an interest (e.g., this option, Shares) in Schwab or any subsidiary or parent of Schwab within two business days of (i) its acquisition or disposal, (ii) any change in a previously-disclosed interest (e.g., upon exercise of this option or subsequent sale of Shares acquired under the Plan), or (iii)  becoming a director or the CEO.

UNITED KINGDOM

Terms and Conditions 

Withholding Taxes and Stock Withholding: This section supplements the          “Withholding Taxes and Stock Withholding” section of the Agreement:

Without limitation to the “Withholding Taxes and Stock Withholding” section of the Agreement, you agree that you are liable for all withholding taxes and hereby covenant to pay all such withholding taxes as and when requested by Schwab or your Employer or by Her Majesty’s Revenue and Customs (“HMRC”) (or any other tax authority or any other relevant authority). You also agree to indemnify and keep indemnified Schwab and your Employer against any taxes that they are required to pay or withhold or have paid or will pay to HMRC (or any other tax authority or any other relevant authority) on your behalf.

Notwithstanding the foregoing, if you are an executive officer or director (as within the meaning of Section 13(k) of the Exchange Act), you understand that you may not be able to indemnify Schwab or your Employer for the amount of any income tax not collected  from or paid by you, as it may be considered a loan. In the event that you are an                            executive officer or director and income tax due is not collected from or paid by you                      within 90 days after the end of the United Kingdom tax year in which the event giving                   rise to the income tax occurs, the amount of any income tax due may constitute a benefit  to you on which additional income tax and national insurance contributions may be              payable. You will be responsible for reporting and paying any income tax due on this additional benefit directly to HMRC under the self-assessment regime and for paying Schwab or your Employer (as appropriate) for the value of any employee national               insurance contributions due on this additional benefit, which Schwab or your Employer  may recover from you by any means referred to in this Agreement.

Retirement: Notwithstanding the terms and conditions set forth in the Agreement, the options of employees in the United Kingdom will not vest upon retirement and any            options that are vested prior to retirement will terminate on the earlier of the date three months following the date of your retirement or the Expiration Date specified in the            Notice of Nonqualified Stock Option Grant.

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

15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00279-of-00352.parquet"}]]