Document:

EX-10.2

 EXHIBIT 10.2 
 AMERICAN EXPRESS COMPANY 
 2016 INCENTIVE COMPENSATION PLAN 

 
  

[                     ] NONQUALIFIED STOCK
OPTION AWARD AGREEMENT (BAND 99) 
  

 
 This
[                     ] Nonqualified Stock Option Award Agreement (Band 99) sets forth the terms and conditions of the Nonqualified Stock Options
granted by American Express Company pursuant to the Company’s 2016 Incentive Compensation Plan to select employees in Band 99 during
[                     ]. Capitalized terms used herein have the meanings given such terms herein or by Appendix A. 

Additional specific terms of a Participant’s Option under this Agreement are set forth in the Participant’s Award Communication, which
shall include the Date of Grant, the Number of Shares, the Vesting Date and any additional terms applicable to such Option. 
 For Options
granted in special situations (such as grants to newly hired or promoted Participants), the vesting and/or performance requirement, if any, and references to the Date of Grant or the Vesting Date applicable to the Participant’s Option may vary
from the terms set forth in this Agreement, as specified in the Participant’s Award Communication, which terms shall apply instead of the terms set forth in this Agreement. If a Participant’s Award Communication provides for vesting
of the Number of Shares in installments, references to the Vesting Date shall refer to the date an installment vests and references to Earned Shares shall refer to the portion of the Number of Shares that vest on a given Vesting Date, as applicable,
and each installment will be treated separately under this Agreement as necessary to give effect to the intent thereof. 
 Section 1.
Vesting.  
 (a) Vesting Date.    Subject to Section 1(b), Section 1(c) and the other
terms of this Agreement, a Participant’s Option shall vest and become exercisable for the Number of Shares on the Vesting Date. 

(b) Continued Employment Requirement.    Except as otherwise provided by Section 3, Section 4 or
Section 5, the vesting of a Participant’s Option is subject to and conditioned upon the Participant’s continued Employment at all times during the period beginning with the Date of Grant and ending on the Vesting Date. 

(c) Performance Requirement.    Except as otherwise provided by Section 3, Section 5 or the Participant’s
Award Communication, the vesting of a Participant’s Option is subject to and conditioned upon the Company achieving [                     ] over
the period beginning [                     ] and ending on
[                     ]. 

  
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 (d) Forfeiture and Cancellation.    If a Participant’s Option does not
vest pursuant to Section 1(a), Section 3, Section 4 or Section 5, the Option shall be forfeited and cancelled by the Company. 
 Section 2. Exercise.  
 (a) Exercise of
Option.    At any time or times after a Participant’s Option has vested and become exercisable, and before the earlier of the Expiration Date and the forfeiture or termination of the Option, the Participant may exercise
the Option as to any number of shares, which, when added to the number of shares as to which the Participant has theretofore exercised the Option, if any, will not exceed the Number of Shares, so long as all of the following conditions are
satisfied: 
 (i) Employment on Exercise Date.    Except as otherwise provided by Section 3,
Section 4, Section 5 or a Participant’s Award Communication, a Participant must have remained in continuous Employment from the Date of Grant through the date of exercise of the Participant’s Option. 

(ii) Payment of Exercise Price.    At the time of exercise of the Participant’s Option, a Participant must pay the
Exercise Price for the shares being acquired pursuant to such exercise, by one of the following methods or any combination thereof: (A) paying in cash in United States dollars (which may be in the form of a check); (B) tendering shares
owned by the Participant which have a Fair Market Value equal to the Exercise Price for the shares being acquired; or (C) if permitted by the Committee, by authorizing a third party to sell, on behalf of the Participant, the appropriate number of
shares otherwise issuable to the Participant upon the exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds to pay the Exercise Price for the shares being acquired and any Tax-Related Items that have to be
withheld in connection with any transaction related to the Option. Any fractional shares otherwise required to be withheld or surrendered will be rounded up to the next nearest whole share. 

(iii) Responsibility for Taxes.    The Participant acknowledges that, regardless of any action taken by the Company or,
if different, the Participant’s employer (the “Employer”), the ultimate liability for all Tax-Related Items is and remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or the
Employer. The Participant further acknowledges that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Option, including, but not
limited to, the grant, vesting or exercise of the Option, the subsequent sale of any shares acquired pursuant to such exercise and the receipt of any dividends; and (ii) do not commit to and are under no obligation to structure the terms of the
grant or any aspect of the Option to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant is subject to Tax-Related Items in more than one jurisdiction, the
Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 

  
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 Prior to the relevant taxable or tax withholding event, as applicable, the Participant agrees to make
adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Company and/or the Employer, or their respective agents, at their discretion, may satisfy, or allow the Participant to
satisfy, the withholding obligation with regard to all Tax-Related Items by any of the following: 
  

	 	(1)	if permitted by the Committee, surrendering shares then issuable upon the Option’s exercise valued at their Fair Market Value on the exercise date; or

  

	 	(2)	if permitted by the Committee, by authorizing a third party to sell, on behalf of the Participant, the appropriate number of shares otherwise issuable to the Participant upon the
exercise of the Option and to remit to the Company a sufficient portion of the sale proceeds. 

 The Company and/or the
Employer have the right and option, but not the obligation, to treat the Participant’s failure to provide timely payment of any tax withholding with regard to all Tax-Related Items as the Participant’s election to satisfy all or a portion
of the tax withholding pursuant to Section 2(a)(iii)(1) above. 
 Depending on the withholding method, the Company may withhold or
account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. If the maximum rate is used, any over-withheld amount may be refunded to
the Participant in cash by the Company or Employer (with no entitlement to the share equivalent) or, if not refunded, the Participant may seek a refund from the local tax authorities. If the obligation for Tax-Related Items is satisfied by
withholding any shares deliverable to the Participant, for tax purposes, the Participant is deemed to have been issued the full number of shares subject to the exercised Option, notwithstanding that a number of the shares is held back solely for the
purpose of paying the Tax-Related Items. 
 Finally, the Participant agrees to pay to the Company or the Employer any amount of
Tax-Related Items that the Company or the Employer may be required to withhold or account for as a result of Participant’s participation in the Plan that cannot be satisfied by the means previously described.

(iv) Documentation.    The Participant must provide the Company with any forms, documents or other information
reasonably required by the Company. 
 (v) No Fractional Shares.    The Option may not be exercised for a
fraction of a share. 
 (vi) Compliance with Laws.    As provided by Paragraph 18(e) of the Plan, legal
counsel for the Company must be satisfied at the time of exercise that the issuance of shares upon exercise will be in compliance with the Securities Act and applicable United States federal, state, local and foreign laws, and the Company shall be
under no obligation to 

  
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effect the registration pursuant to the Securities Act of any shares to be issued hereunder or to effect similar compliance under any state or local laws. 

(b) Issuance of Shares.

(i) Issuance.    Subject to Section 2(b)(ii) and Section 2(b)(iii), the Company shall issue to a Participant
the shares from the exercise of the Participant’s Option as soon as administratively practicable following such exercise. If the Participant has elected pursuant to Section 2(a)(ii) or Section 2(a)(iii) to sell shares from the
exercise of the Option to pay the Exercise Price or satisfy withholding obligations for Tax-Related Items associated with the Option, the number of shares from the exercise of the Option issued to the Participant shall be reduced by the number of
shares used to pay the Exercise Price or required Tax-Related Items. Delivery of shares may be made by crediting the shares to an account for the benefit of the Participant or by such other permissible manner chosen by the Company, in its sole
discretion. 
 (ii) Satisfaction of Tax-Related Items.    It shall be a condition to the Company’s
obligation to issue shares upon the exercise of the Option that the Participant pay to the Company or the Employer, or their respective agents, upon their demand, in accordance with Paragraph 18(f) of the Plan, such amount as may be demanded for the
purpose of satisfying any obligation to withhold any Tax-Related Items. 
 (iii) Compliance with Laws.    If
the Company, in its sole discretion, determines that the listing upon any securities exchange or registration or qualification under any United States federal, state, local or foreign law of any shares to be issued pursuant to the Option is
necessary or desirable, issuance of such shares shall not be made in shares until such listing, registration or qualification shall have been completed. 
 (iv) No Shareholder Rights until Issuance.    As provided by Paragraph 18(c)(ii) of the Plan, until the shares from the exercise of the Option by a Participant have been issued to
the Participant, the Participant shall have no rights as a shareholder of the Company with respect to such shares, and in particular, shall not be entitled to vote such shares or to receive any dividend or other distribution paid or made in respect
of such shares. 
 (c) Option Exercise Outside United States.    Notwithstanding Section 2(a)(ii) and
Section 2(a)(iii), the Secretary of the Company shall have the authority to exclude one or more methods for exercising the Option, paying the Exercise Price and satisfying any Tax-Related Items associated with the Option in countries outside
the United States. 
 Section 3. Death or Disability.  

(a) Vesting.    Notwithstanding anything in this Agreement to the contrary, if a Participant ceases Employment before
the Vesting Date by reason of the Participant’s death or Disability while holding the Option, and the Option has not expired and has not vested, the Participant’s Option shall immediately vest and become exercisable for the Number of
Shares 

  
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on the date of the Participant’s death or Disability, and shall no longer be subject to the vesting conditions set forth in Section 1(b) or Section 1(c), and the Option may be
exercised as to any or all of the Number of Shares, as described by Section 3(b). 
 (b) Exercise.    If
at the time of a Participant’s death or Disability, the Participant’s Option has not been fully exercised for the entire Number of Shares, the Participant (or in the case of the Participant’s death, the Participant’s beneficiary
or any person who acquires the right to exercise the Option by bequest or inheritance or by reason of the Participant’s death) may, at any time within five years after the date of the Participant’s death or Disability, but in no event on
or after the Expiration Date, exercise the Option as to any number of shares, which, when added to the number of shares as to which the Option has theretofore been exercised, if any, will not exceed the Number of Shares. The requirements
of Section 2 (other than Section 2(a)(i)) must be satisfied at the time of such exercise. 
 Section 4.
Retirement.  
 (a) Vesting.
 (i) Participants Outside European Union.    If a Participant’s home base country is outside the European Union, then: (A) if the Participant ceases Employment by reason of the
Participant’s Early Retirement before the Vesting Date, and the date of Early Retirement is more than one year after the Date of Grant, the Participant’s Option shall continue and vest and become exercisable on the Vesting Date; and (B) if
the Participant ceases Employment by reason of the Participant’s Full Retirement before the Vesting Date, the Participant’s Option shall continue and vest and become exercisable on the Vesting Date; in each case, without regard to the
vesting condition set forth in Section 1(b), but subject to the attainment of the performance requirement of Section 1(c). 

(ii) Participants Within European Union.    If a Participant’s home base country is in the European Union, then if
the Participant ceases Employment by reason of the Participant’s EU Retirement before the Vesting Date, and the date of EU Retirement is more than one year after the Date of Grant, the Participant’s Option shall continue and vest and
become exercisable on the Vesting Date, without regard to the vesting condition set forth in Section 1(b), but subject to the attainment of the performance requirement of Section 1(c). 

(iii) Forfeiture and Cancellation.    If a Participant ceases Employment by reason of the Participant’s
Retirement, and the Participant’s Option does not continue pursuant to Section 4(a)(i) or Section 4(a)(ii), the Option shall be forfeited and cancelled by the Company. 

(b) Exercise.    If at the time of a Participant’s Retirement, the Participant’s vested Option has not been
fully exercised for the entire Number of Shares, the Participant may, at any time on or after the Vesting Date and before the Expiration Date, exercise the Option as to any number of shares, which, when added to the number of shares as to which the
Option has theretofore been exercised, if any, will not exceed the Number of Shares. The 

  
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requirements of Section 2 (other than Section 2(a)(i)) must be satisfied at the time of such exercise. 
 Section 5. Change in Control.  
 (a)
Vesting.    Notwithstanding anything in this Agreement to the contrary, but subject to Appendix B, which could negate the treatment provided by this Section 5(a) as a result of Section 280G of the Code, in the
event of a Defined Termination of a Participant before the Vesting Date, the Participant’s Option shall immediately vest and become exercisable on the date of the Defined Termination for a number of shares based on either (i) the degree of
performance under Section 1(c) attained as of the date of the Defined Termination, and/or (ii) the portion of the performance period under Section 1(c) elapsed as of the date of the Defined Termination, as determined by the Committee, and
the Participant’s Option shall no longer be subject to the vesting conditions set forth in Section 1(b) or Section 1(c).

(b) Exercise.    In the event of a Defined Termination of a Participant within two years following a Change in Control,
the Participant may, at any time within 90 days following such Defined Termination, but before the Expiration Date, exercise the Option as to any number of shares, which, when added to the number of shares as to which the Option has theretofore been
exercised, if any, will not exceed the number of shares determined in Section 5(a). The requirements of Section 2 (other than Section 2(a)(i)) must be satisfied at the time of such exercise. 

Section 6. Other Termination.    Unless the Committee determines otherwise, then except as otherwise
provided by Section 3, Section 4, Section 5 or a Participant’s Award Communication, in the event that a Participant’s Employment terminates, the Participant’s Option, whether vested or unvested, shall be immediately
forfeited and cancelled by the Company. 
 Section 7. Additional Terms.  

(a) No Assignment.    As provided by Paragraph 18(d) of the Plan, except as otherwise determined by the Committee or
permitted by the Plan, a Participant may not sell, assign, transfer, pledge, hypothecate, encumber in whole or in part, or otherwise dispose of the Participant’s Option (or the shares underlying such Option) or the Participant’s rights and
interest under the Option (except by will or the laws of descent and distribution in the event of the Participant’s death), including, but not limited to, by execution, levy, garnishment, attachment, pledge, bankruptcy or in any other manner,
and except as otherwise provided by Section 3(b), the Option is exercisable during the Participant’s lifetime only by the Participant. If a Participant or anyone claiming under or through the Participant attempts to violate this
Section 7(a), such attempted violation shall be null and void and without effect. 
 (b) Transfer to Immediate Family
Members.    If a Participant is subject to U.S. taxation, then after any waiting period following the Date of Grant imposed by the Company 

  
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on the Transfer of the Option, the Participant may transfer all or a portion of the Participant’s Option on an irrevocable basis to an Immediate Family Member of the Participant who is
subject to U.S. taxation, conditional on the following terms and conditions:
 (i) the transfer must be for a minimum of 1,000 shares;

 (ii) no further transfer by the transferee is permitted (except to the transferee’s estate upon the death of the transferee);

 (iii) the exercise of the Option by the transferee requires full payment of all Tax-Related Items by the Participant; and 

(iv) the exercise of the Option by the transferee is subject to the Participant’s continuous Employment from the Date of Grant through the
date of exercise of the Option by the transferee pursuant to the terms of this Agreement, the satisfaction of the performance vesting requirement set forth in Section 1(c), the terms of the Plan, the terms of the Participant’s Award
Communication and the terms of Section 7(d), Section 7(e), Section 7(f) and all other terms of this Agreement and the Appendices hereto. 
 (c) No Assumption or Substitution Required.    In the event that the Company or any of its Affiliates is a participant in a corporate merger, consolidation or other similar transaction,
neither the Company nor such Affiliate shall be obligated to cause any other participant in such transaction to assume a Participant’s Option or to substitute a new stock option for the Option under this Agreement. 

(d) Detrimental Conduct.    A Participant’s Option is subject to the provisions of Appendix C and the Consent to
Detrimental Conduct Provisions executed by the Participant, which if violated, could result in the forfeiture and recoupment of the Option and the proceeds from the exercise of the Option. 

(e) Clawback.    As provided by Paragraph 4(f)(ii) of the Plan, notwithstanding anything in the Plan, this Agreement or
any Award Communication to the contrary, the Company will be entitled to the extent required by applicable law (including, without limitation, Section 10D of the Exchange Act and any regulations promulgated with respect thereto) or Exchange
listing conditions, in each case as in effect from time to time, to recoup compensation of whatever kind paid under this Agreement by the Company at any time. A Participant’s Option is subject to the Clawback Requirements and the Consent
to Dodd-Frank Clawback Provisions executed by the Participant, which could require the Participant to return to the Company, or forfeit if not yet paid, the Participant’s Option and the proceeds from the exercise of the Option, in order to
comply with the Clawback Requirements and any policy adopted by the Committee pursuant to the Clawback Requirements. 
 (f) FDIA
Limitations.    As provided by Paragraph 4(f)(i) of the Plan, notwithstanding any other provision of the Plan, this Agreement or any Award Communication, vesting and exercise of Options pursuant to this Agreement are subject
to and conditioned 

  
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upon their compliance with 12 USC Section 1828(k) and any regulations promulgated thereunder. 
 Section 8. Miscellaneous.  
 (a) Incorporation of Plan and Award
Communication.    The Option is subject to the Plan, the Award Communication and any interpretations by the Committee under the Plan or the Award Communication, which are hereby incorporated into this Agreement by reference
and made a part hereof. 
 (b) Administration, Interpretation, Etc.    Any action taken or decision made by the
Company, the Board or the Committee arising out of or in connection with the construction, administration, interpretation or effect of any provision of the Plan, this Agreement or a Participant’s Award Communication shall lie within its sole
and absolute discretion, as the case may be, and shall be final, conclusive and binding on the Participant and all persons claiming under or through the Participant. By receipt of the Participant’s Option or other benefit under the Plan,
the Participant and each person claiming under or through the Participant shall be conclusively deemed to have indicated acceptance and ratification of, and consent to, any action taken under the Plan, this Agreement or the Participant’s Award
Communication, by the Company, the Board or the Committee. 
 (c) Correction.    The Committee may rescind,
without further notice to a Participant, any Option or portion thereof issued to the Participant in duplicate or in error. 
 (d)
Amendment. 
 (i) The terms of a Participant’s Option (including terms under this Agreement or the Participant’s Award
Communication) may be amended from time to time by the Committee, in its sole discretion, in any manner that the Committee deems necessary or appropriate; provided, however, that (A) no such amendment shall adversely affect in a material manner any
right of the Participant under the Option without the written consent of the Participant, (B) except as provided by Paragraph 9 of the Plan, the Committee shall not amend the Participant’s Option if the amendment would disqualify the Option
from the exception to Section 162(m) of the Code; and (C) the Committee may not amend or delete Section 5 or Section A1(f) in a manner that is detrimental to the Participant without the Participant’s written
consent. Notwithstanding Paragraph 11 of the Plan, neither the Board, the Committee nor other person shall not have the authority to amend the terms of a Participant’s Option (including terms under this Agreement or the Participant’s
Award Communication) without the written consent of the Participant is such amendment would adversely affect in a material manner any right of the Participant under the Option, even if the Board, Committee or other person in its discretion
determines that there have occurred or are about to occur significant changes in the Participant’s position, duties or responsibilities, or significant changes in economic, legislative, regulatory, tax, accounting or cost/benefit conditions
which are determined by the Board, Committee or other person in its discretion to 

  
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have or to be expected to have a significant effect on the performance of the Company, or any subsidiary, Affiliate, division or department thereof, on the Plan or on the Participant’s
Option. 
 (ii) The Senior Vice President, Global Total Rewards and Learning or the Senior Vice President, Global Compensation may amend,
revise or make any changes to this Agreement to reflect any amendments, revisions, changes or other actions approved or taken by the Committee pursuant to Section 8(d)(i). 

(e) Dilution and Other Adjustments. 
 (i) As provided by Paragraph 15(a) of the Plan, in the event of any change in the outstanding shares of the Company by reason of any corporate transaction or change in corporate capitalization such as a stock
split, stock dividend, split-up, split-off, spin-off, recapitalization, merger, consolidation, rights offering, reorganization, combination, consolidation, subdivision or exchange of shares, a sale by the Company of all or part of its assets, any
distribution to shareholders other than a normal cash dividend, partial or complete liquidation of the Company or other extraordinary or unusual event, the Committee shall make such adjustment in the class, the Number of Shares, the Exercise Price
of the Option or other terms of the Award Communications of outstanding Options as may be determined to be appropriate by the Committee, and such adjustments shall be final, conclusive and binding for all purposes. 

(ii) As provided by Paragraph 15(b) of the Plan, in the event of any merger, consolidation or similar transaction as a result of which the holders
of shares of the Company receive consideration consisting exclusively of securities of the surviving entity (or the parent of the surviving entity) in such transaction, the Committee shall, to the extent deemed appropriate by the Committee, adjust
the Option to the extent outstanding on the date of such merger, consolidation or similar transaction so that it pertains and applies to the securities which a holder of the number of shares subject to such Option would have received in such merger,
consolidation or similar transaction. 
 (iii) As provided by Paragraph 15(c) of the Plan, in the event of (A) a dissolution or
liquidation of the Company, (B) a sale of all or substantially all of the Company’s assets (on a consolidated basis), (C) a merger, consolidation or similar transaction involving the Company in which the holders of shares of the Company receive
securities and/or other property, including cash, other than shares of the surviving entity in such transaction (or the parent of such surviving entity), the Committee shall, to the extent deemed appropriate by the Committee, have the power to
provide for the exchange of the Option (whether or not then exercisable or vested) for an Option with respect to (1) some or all of the property which a holder of the number of shares of the Company subject to such Option would have received in such
transaction or (2) securities of the acquirer or surviving entity (or parent of such acquirer or surviving entity) and, incident thereto, make an equitable adjustment as determined by the Committee in the number of shares subject to the Option or
provide for a payment (in cash or other property) to the Participant in partial consideration for the exchange of the Option; provided, however, that in the event that the acquirer does not agree to the assumption or

  
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substitution of the Option in the foregoing manner, the Committee shall, to the extent deemed appropriate by the Committee, have the power to cancel, effective immediately prior to the occurrence
of such event, the Option (whether or not then vested), and, in full consideration of such cancellation, pay to the Participant an amount in cash, for each share subject to such Option, equal to the value, as determined by the Committee of such
Option, provided that such value shall be equal to the excess of (A) the value, as determined by the Committee, of the property (including cash) received by the holder of a share as a result of such event over (B) the exercise price of such
Option and that no change to the original timing of payment will be made to the extent it would result in a tax under Section 409A. 
 (f)
Beneficiary Designation.    As provided by Paragraph 17 of the Plan, a Participant may, in a manner determined by the Committee in its discretion, designate a beneficiary or beneficiaries to receive any payment to which
such Participant may be entitled under the Participant’s Option in the event of such Participant’s death. If a Participant does not designate a beneficiary, or if no designated beneficiary is living on the date on which any amount
becomes payable under the Participant’s Option, such payment will be made to the legal representatives of the Participant’s estate, which will be deemed to be the Participant’s designated beneficiary under the Participant’s
Option. If there is any question as to the legal right of a Participant’s beneficiary to receive a distribution under the Participant’s Option, the Committee in its discretion may determine that the amount in question be paid to the
legal representatives of the Participant’s estate, in which event the Company, the Board and the Committee will have no further liability to anyone with respect to such amount. 

(g) Governing Law and Venue.    As provided by Paragraph 18(n) of the Plan, the validity, construction, interpretation,
administration and effect of the Plan and of its rules and regulations, and rights relating to the Plan and to the Option issued under this Agreement, shall be governed by the substantive laws, but not the choice of law rules, of the State of New
York. For purposes of litigating any dispute that arises under this Option or the Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of New York, and agree that such litigation shall be conducted in
the courts of New York County, or the federal courts for the United States for the Southern District of New York, where this grant is made and/or to be performed. 
 (h) Section 409A.    Options are intended to be exempt from Section 409A, and the Plan, this Agreement and the Participant’s Award Communications shall be administered and
interpreted consistent with such intent and the 409A Policy. Notwithstanding the foregoing, the Company makes no representations that the Options or the vesting and payments provided by this Agreement are exempt from or comply with
Section 409A, and in no event shall the Company or any Affiliate be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by a Participant on account of non-compliance with Section 409A.

 (i) Other Options.    Notwithstanding any other provision of this Agreement, the Company, in its sole
discretion, may approve and grant stock options that are not governed 

  
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by the provisions contained in this Agreement, which stock options shall be subject to the terms of such other agreement or writing specified by the Company as applicable thereto. 

*        *        *        
*        * 

  
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 AMERICAN EXPRESS COMPANY 

2016 INCENTIVE COMPENSATION PLAN 
  

 

[                    ] NONQUALIFIED STOCK
OPTION AWARD AGREEMENT (BAND 99) 
  

 
 APPENDIX A

 DEFINITIONS 
 Section A1. Definitions.    As used in the Agreement, the Appendices and the Award Communication, the following terms will have the respective meanings set forth below, and
other capitalized terms used in the Agreement, the Appendices or the Award Communication will have the respective meanings given such capitalized terms in the Agreement, the Appendices, the Award Communication or the Plan. 

(a) “409A Policy” means the Company’s Section 409A Compliance Policy, as amended and restated from time to time, or any
successor thereto. 
 (b) “Affiliate” has the meaning given such term by Paragraph 3(b) of the Plan, which states that
unless the Committee provides otherwise, “Affiliate” means any entity in which the Company has a direct or indirect equity interest of 50% or more, as determined by the Committee in its discretion. 

(c) “Agreement” means the
[                    ] Nonqualified Stock Option Award Agreement (Band 99), including the Appendices. 

(d) “Award Communication” for a Participant and the Participant’s Option means, collectively, the Participant’s year-end
compensation statement for the year preceding the year that includes the Date of Grant (if applicable), and any other written or electronic communication by or on behalf of the Company to the Participant regarding the particular terms of the
Participant’s Option, and the LTIA Overview or similar document describing the terms of the Option generally. 
 (e)
“Board” means the Board of Directors of the Company. 
 (f) “Change in Control” means the happening of
any of the following: 
 (i) Any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act
(a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 25% or more of either (i) the then outstanding common shares of the Company (the “Outstanding Company Common
Shares”) or (ii) the combined voting power of the then outstanding voting securities 

  
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of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that such beneficial ownership shall not
constitute a Change in Control if it occurs as a result of any of the following acquisitions of securities: (A) any acquisition directly from the Company; (B) any acquisition by the Company or any corporation, partnership, trust or other entity
controlled by the Company (a “Subsidiary”); (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary; (D) any acquisition by an underwriter temporarily holding
Company securities pursuant to an offering of such securities; (E) any acquisition by an individual, entity or group that is permitted to, and actually does, report its beneficial ownership on Schedule 13-G (or any successor schedule), provided
that, if any such individual, entity or group subsequently becomes required to or does report its beneficial ownership on Schedule 13D (or any successor schedule), then, for purposes of this subsection, such individual, entity or group shall be
deemed to have first acquired, on the first date on which such individual, entity or group becomes required to or does so report, beneficial ownership of all of the Outstanding Company Common Stock and Outstanding Company Voting Securities
beneficially owned by it on such date; or (F) any acquisition by any corporation pursuant to a reorganization, merger or consolidation if, following such reorganization, merger or consolidation, the conditions described in clauses (A), (B) and (C)
of Section A1(h)(iii) are satisfied. Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any Person (the “Subject Person”) became the beneficial owner of 25% or more of the Outstanding
Company Common Shares or Outstanding Company Voting Securities as a result of the acquisition of Outstanding Company Common Shares or Outstanding Company Voting Securities by the Company which, by reducing the number of Outstanding Company Common
Shares or Outstanding Company Voting Securities, increases the proportional number of shares beneficially owned by the Subject Person; provided, that if a Change in Control would be deemed to have occurred (but for the operation of this sentence) as
a result of the acquisition of Outstanding Company Common Shares or Outstanding Company Voting Securities by the Company, and after such share acquisition by the Company, the Subject Person becomes the beneficial owner of any additional Outstanding
Company Common Shares or Outstanding Company Voting Securities which increases the percentage of the Outstanding Company Common Shares or Outstanding Company Voting Securities beneficially owned by the Subject Person, then a Change in Control shall
then be deemed to have occurred; or 
 (ii) Individuals who, as of the date hereof, constitute the Board (the “Incumbent
Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s
shareholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office occurs as a result of either an actual or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board, including by reason of
agreement intended to avoid or settle any such actual or threatened contest or solicitation; or 

  
 Page 13 of 26 

 (iii) The consummation of a reorganization, merger, statutory share exchange, consolidation, or
similar corporate transaction involving the Company or any of its direct or indirect Subsidiaries (each a “Business Combination”), in each case, unless, following such Business Combination, (A) the Outstanding Company Common Shares
and the Outstanding Company Voting Securities immediately prior to such Business Combination, continue to represent (either by remaining outstanding or being converted into voting securities of the resulting or surviving entity or any parent
thereof) more than 50% of the then-outstanding shares of common stock and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting
from such Business Combination (including, without limitation, a corporation that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries), (B)
no Person (excluding the Company, any employee benefit plan (or related trust) of the Company, a Subsidiary or such corporation resulting from such Business Combination or any parent or subsidiary thereof, and any Person beneficially owning,
immediately prior to such Business Combination, directly or indirectly, 25% or more of the Outstanding Company Common Shares or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 25% or more of,
respectively, the then outstanding shares of common stock of the corporation resulting from such Business Combination (or any parent thereof) or the combined voting power of the then outstanding voting securities of such corporation entitled to vote
generally in the election of directors, and (C) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination (or any parent thereof) were members of the Incumbent Board at the time of the
execution of the initial agreement or action of the Board providing for such Business Combination; or 
 (iv) The consummation of the
sale, lease, exchange or other disposition of all or substantially all of the assets of the Company, unless such assets have been sold, leased, exchanged or disposed of to a corporation with respect to which following such sale, lease, exchange or
other disposition (A) more than 50% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation (or any parent thereof) entitled to
vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Shares and
Outstanding Company Voting Securities immediately prior to such sale, lease, exchange or other disposition in substantially the same proportions as their ownership immediately prior to such sale, lease, exchange or other disposition of such
Outstanding Company Common Shares and Outstanding Company Voting Shares, as the case may be, (B) no Person (excluding the Company and any employee benefit plan (or related trust)) of the Company or a Subsidiary or of such corporation or a subsidiary
thereof and any Person beneficially owning, immediately prior to such sale, lease, exchange or other disposition, directly or indirectly, 25% or more of the Outstanding Company Common Shares or Outstanding Company Voting Securities, as the case may
be) beneficially owns, directly or indirectly, 25% or more of respectively, the then outstanding shares of common stock of such corporation (or any parent thereof) and the combined voting power of

  
 Page 14 of 26 

 
the then outstanding voting securities of such corporation (or any parent thereof) entitled to vote generally in the election of directors, and (C) at least a majority of the members of the board
of directors of such corporation (or any parent thereof) were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such sale, lease, exchange or other disposition of assets of the
Company; or 
 (v) Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company. 

(g) “Clawback Requirements” means (i) any applicable listing standards of a national securities exchange adopted in accordance
with Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of erroneously awarded compensation) and any implementing rules and regulations of the U.S. Securities and Exchange Commission adopted thereunder,
(ii) similar rules under the laws of any other jurisdiction and (iii) any policies adopted by the Company to implement such requirements, all to the extent determined by the Company in its discretion to be applicable to the Participant. 

(h) “Code” means the U.S. Internal Revenue Code of 1986, as amended and restated from time to time, and includes the applicable
Treasury Regulations promulgated and other official guidance issued thereunder. 
 (i) “Committee” means the Compensation
and Benefits Committee of the Board. To the extent that the Committee has delegated its authority to certain officers and employees of the Company, references to the Committee with respect to a matter for which the Committee has delegated its
authority shall include the officers and employees to whom such authority has been delegated. 
 (j) “Company” means
American Express Company. 
 (k) “Consent to Detrimental Conduct Provisions” with respect to a Participant means the
“Consent to the Application of Forfeiture and Detrimental Conduct Provisions to Incentive Compensation Plan Awards” or similar document, and any successor thereto, executed by the Participant. 

(l) “Consent to Dodd-Frank Clawback Provisions” with respect to a Participant means the “Consent to the Requirements of
Section 954 of the Dodd-Frank Act” or similar document, and any successor thereto, executed by the Participant. 
 (m)
“Constructive Termination” has the meaning given such term by the Senior Executive Severance Plan, which generally states that a “Constructive Termination” of a Participant means any termination of the Participant’s
Employment by the Participant as a result of Good Reason within two years after a Change in Control, and that “Good Reason” generally means the occurrence of any of the following events without the Participant’s written
consent: (i) a material reduction in the Participant’s base salary (except for similar across the board changes affecting all similarly situated employees) or any material reduction 

  
 Page 15 of 26 

 
in the aggregate of the Participant’s annual and long-term incentive opportunity, in each case from that in effect immediately prior to the Change in Control, (ii) the requirement that the
Participant be based more than 50 miles from the location at which the Participant was based immediately prior to the Change in Control and which location is more than 35 miles from the Participant’s residence, (iii) the assignment to the
Participant of any duties that are materially inconsistent with the Participant’s duties prior to the Change in Control, or (iv) a significant reduction in the Participant’s position, duties, or responsibilities from those in effect prior
to the Change in Control; provided, however, in order for any of the foregoing events to constitute Good Reason, the Participant must notify the Company within 30 days after the occurrence of the event giving rise to a Good Reason and the Company
shall have 30 days to remedy the condition, and if remedied by the Company within such 30-day period, no Good Reason shall exist on account of the remedied event. 
 (n) [                    ] 
 (o) “Date of Grant” for an Option means the date specified by the applicable Award Communication. 
 (p) “Defined Termination” has the meaning given such term by the Senior Executive Severance Plan, which states that “Defined Termination” means a Separation from Service within two years
after a Change in Control that occurs as a result of either an Involuntary Termination or a Constructive Termination. 
 (q)
“Disability” has the meaning given such term by Paragraph 12 of the Plan, which generally states that a Participant shall be deemed to have terminated his or her Employment by reason of “Disability” if the Committee
determines that the physical or mental condition of the Participant was such at that time as would entitle the Participant to payment of monthly disability benefits under the long-term disability benefit plan of the Company covering the Participant,
or, if the Participant is not eligible for benefits under any long-term disability benefit plan, the Committee determines that the Participant’s physical or mental condition would entitle him or her to benefits under a long-term disability
benefit plan of the Company if the Participant were eligible thereunder. 
 (r) “Early Retirement” with respect to a
Participant means the termination of the Participant’s Employment at a time that the Participant has attained 10 or more years of service (or deemed service under applicable retirement arrangements) with the Company or applicable Affiliates and
the Participant is age 55 or older, but younger than age 62. 
 (s) “Employment” means employment with the Company or an
Affiliate, or engagement in Related Employment. 
 (t) “EU Retirement” with respect to a Participant means the
termination of the Participant’s Employment at a time that the Participant has attained 15 or more years of service (or deemed service under applicable retirement arrangements) with the Company or applicable Affiliates. 

  
 Page 16 of 26 

 (u) “Exchange” has the meaning given such term by Paragraph 2(a) of the Plan, which
states that “Exchange” shall mean the New York Stock Exchange or such other principal securities market on which the shares are traded. 
 (v) “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended and restated from time to time. 
 (w) “Exercise Price” for an Option means, unless an Award Communication provides otherwise, as provided by Paragraph 5(a) and Paragraph 5(b) of the Plan, the closing price of a Company share on the
Date of Grant as reported by the Exchange on such date. 
 (x) “Expiration Date” means the 10-year anniversary of the
Date of Grant or such other expiration date specified by an Award Communication. 
 (y) “Fair Market Value” has the
meaning given such term by Paragraph 5(b) of the Plan, which generally states that “Fair Market Value” of a share on a given date is the fair market value of a share on such date, as determined in such reasonable manner as may be provided
from time to time by the Committee or as may be required in order to comply with the requirements of any applicable laws or regulation; and unless the Committee determines otherwise, the “Fair Market Value” of a Company share on a given
date shall be the closing price of a Company share reported by the Exchange on such date. 
 (z) “Full Retirement” with
respect to a Participant means the termination of the Participant’s Employment at a time that the Participant has attained 10 or more years of service (or deemed service under applicable retirement arrangements) with the Company or applicable
Affiliates and the Participant is age 62 or older. 
 (aa) “Immediate Family Member” of a Participant means the
Participant’s children, grandchildren, stepchildren, daughters and sons-in-law, parents, grandparents, step parents, siblings, brothers and sisters-in-law, and adoptive relationships comparable to the foregoing; certain household members
(excluding employees or tenants); and trusts or partnerships for the beneficial interest of an Immediate Family Member(s) (who are expected to own a 100% beneficial interest in such trust or partnership). The foregoing definition of Immediate
Family Member is intended to follow the definition of “immediate family” member in accordance with accounting interpretations that would avoid a charge to earnings, and the Company is authorized to interpret and administer the definition
in accordance with accounting and other interpretations affecting the Company. 
 (bb) “Involuntary Termination” has the
meaning given such term by the Senior Executive Severance Plan, which generally states that an “Involuntary Termination” of a Participant means any involuntary termination of the Participant’s Employment for reasons other than Good
Cause within two years after a Change in Control, and that “Good Cause” generally means the occurrence of any of the following: (i) the Participant’s willful and continued failure to adequately perform substantially all of the
duties of the Participant’s Employment; (ii) the Participant’s willful engagement in conduct which is demonstrably and 

  
 Page 17 of 26 

 
materially injurious to the Company and such of its subsidiaries and affiliated companies and other trades or businesses, monetarily or otherwise; or (iii) the Participant’s conviction of a
felony. 
 (cc) “LTIA Overview” for a Participant’s Option means the overview, program, summary, guide or similar
document provided by or on behalf of the Company describing certain terms of the Participant’s Option. Generally, new LTIA Overviews are provided each year describing the Options granted to employees in specified Band levels as part of the
Company’s annual award process for that year. 
 (dd) “Number of Shares” for an Option means the number of shares
subject to such Option, as specified in the applicable Award Communication. 
 (ee) “Option” means a Nonqualified Stock
Option granted by the Company to a Participant pursuant to the Plan, the Agreement and the Participant’s Award Communication. 
 (ff)
“Participant” means an employee to whom an Option has been granted pursuant to the Plan and the Agreement, and if applicable, the person(s) who acquire the Participant’s rights under the Option pursuant to Section 3(b) of
the Agreement. 
 (gg) “Plan” means the Company’s 2016 Incentive Compensation Plan, as amended and restated from
time to time, or any successor thereto. 
 (hh) “Related Employment” has the meaning given such term by Paragraph 14
of the Plan, which generally states that “Related Employment” of an individual means the employment or performance of services by the individual for an employer that is neither the Company nor an Affiliate, provided that (a) such
employment or performance of services is undertaken by the individual at the request of the Company or an Affiliate; (b) immediately prior to undertaking such employment or performance of services, the individual was engaged in Employment; and (c)
such employment or performance of services is in the best interests of the Company and is recognized by the Committee, in its discretion, as Related Employment. 
 (ii) “Retirement” means Early Retirement, Full Retirement or EU Retirement. 
 (jj)
“Section 409A” means Section 409A of the Code. 
 (kk) “Securities Act” means
the U.S. Securities Act of 1933, as amended and restated from time to time. 
 (ll) “Senior Executive Severance Plan”
means the Company’s Senior Executive Severance Plan, as amended and restated from time to time, or any successor thereto. 
 (mm)
“Separation from Service” has the meaning given such term by Section 409A (and as determined in accordance with the 409A Policy), which generally states that an employee has a “Separation from Service” with an
employer if the employee dies, 

  
 Page 18 of 26 

 
retires, or otherwise has a termination of his or her employment with such employer. Whether a Separation from Service has occurred is determined based on whether the facts and circumstances
indicate that the employer and employee reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services the employee would perform after such date would permanently decrease to no more
than 20% of the average level of bona fide services performed over the immediately preceding 36-month period. 
 (nn)
“shares” refers to the shares of the Company’s common stock, par value of $.20 per share, or the shares of any other stock of any other class or company into which such shares may thereafter be changed. 

(oo) “Tax-Related Items” means any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other
tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant. 
 (pp)
“Vesting Date” of an Option means the vesting date specified in the Award Communication for such Option. 

*        *        *        
*        * 

  
 Page 19 of 26 

 AMERICAN EXPRESS COMPANY 

2016 INCENTIVE COMPENSATION PLAN 
  

 

[                    ] NONQUALIFIED STOCK
OPTION AWARD AGREEMENT (BAND 99) 
  

 
 APPENDIX B

 SECTION 280G TERMS & PROCEDURES 
 Section B1. “Best Net” Limitation.    In the event that any payment or benefit received or to be received by a Participant under the Agreement in connection with a
Change in Control or termination of the Participant’s employment (collectively, the “Payments”), will be subject to the excise tax referred to in Section 4999 of the Code (the “Excise Tax”), then the Payments
shall be reduced to the extent necessary so that no portion of the Payments is subject to the Excise Tax but only if (A) the net amount of all payments and benefits received or to be received by a Participant in connection with the applicable Change
in Control or the termination of the Participant’s employment, whether pursuant to the terms of the Agreement or any other plan, arrangement or agreement with the Company, any Person whose actions result in such Change in Control or any Person
affiliated with the Company or such Person (the “Total Payments”), as so reduced (and after subtracting the net amount of federal, state and local income and employment taxes on such reduced Total Payments), is greater than or equal
to (B) the net amount of such Total Payments without any such reduction (but after subtracting the net amount of federal, state and local income and employment taxes on such Total Payments and the amount of Excise Tax to which the Participant would
be subject in respect of such unreduced Total Payments); provided, however, that the Participant may elect in writing to have other components of his or her Total Payments reduced prior to any reduction in the Payments hereunder. 

Section B2. Calculations.    For purposes of determining whether the Payments will be subject to the
Excise Tax, the amount of such Excise Tax and whether any Payments are to be reduced hereunder: (i) the Total Payments shall be treated as “parachute payments” (within the meaning of Section 280G(b)(2) of the Code) unless, in the
opinion of the accounting firm which was, immediately prior to the Change in Control, the Company’s independent auditor, or if that firm refuses to serve, by another qualified firm, whether or not serving as independent auditors, designated by
the Committee (the “Firm”), such payments or benefits (in whole or in part) do not constitute parachute payments, including by reason of Section 280G(b)(2)(A) or Section 280G(b)(4)(A) of the Code; (ii) no portion of the Total
Payments the receipt or enjoyment of which the Participant shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of Section 280G(b) of the Code shall be taken into account; (iii) all
“excess parachute payments” within the meaning of Section 280G(b)(1) of the Code shall be treated as subject to the Excise Tax unless, in the opinion of the Firm, such excess parachute payments (in whole or in part) represent
reasonable compensation for 

  
 Page 20 of 26 

 
services actually rendered (within the meaning of Section 280G(b)(4)(B) of the Code) in excess of the Base Amount (within the meaning of Section 280G(b)(3) of the Code) allocable to such
reasonable compensation, or are otherwise not subject to the Excise Tax; and (iv) the value of any noncash benefits or any deferred payment or benefit shall be determined by the Firm in accordance with the principles of Section 280G(d)(3) and
Section 280G(d)(4) of the Code. For purposes of determining whether any Payments in respect of a Participant shall be reduced, a Participant shall be deemed to pay federal income tax at the highest marginal rate of federal income taxation (and
state and local income taxes at the highest marginal rate of taxation in the state and locality of such Participant’s residence, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and local
taxes) in the calendar year in which the Payments are made. The Firm will be paid reasonable compensation by the Company for its services. 
 Section B3. Notice of Adjustment.    As soon as practicable following a Change in Control, but in no event later than 30 days thereafter, the Company shall provide to each
Participant with respect to whom it is proposed that Payments be reduced, a written statement setting forth the manner in which the Total Payments in respect of such Participant were calculated and the basis for such calculations, including, without
limitation, any opinions or other advice the Company has received from the Firm or other advisors or consultants (and any such opinions or advice which are in writing shall be attached to the statement). 

*        *        *        
*        * 

  
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 AMERICAN EXPRESS COMPANY 

2016 INCENTIVE COMPENSATION PLAN 
  

 

[                     ] NONQUALIFIED STOCK
OPTION AWARD AGREEMENT (BAND 99) 
  

 
 APPENDIX C

 DETRIMENTAL CONDUCT PROVISIONS 
 Section C1. Detrimental Conduct.    If a current or former employee of, or other individual that provides or has provided services for, the Company or its
Affiliates (the “Employee”) engages in Detrimental Conduct, Awards (as defined in Section C7(b) below) previously issued to such Employee may be canceled, rescinded or otherwise restricted and the Company can recover any
payments received by and stock delivered to the Employee in accordance with the terms of Section C2. For purposes of this Appendix C, “Detrimental Conduct” means the prohibited conduct described in Section C1(a)
through Section C1(g). 
 (a) Noncompete.    For a one-year period after the last day of active employment
if the Employee is a Band 70 or above employee or for a six-month period after the last day of active employment if the Employee is a Band 50 or 60 employee, and during the Employee’s employment with the Company or its Affiliates, the Employee
shall not be employed by, provide advice to or act as a consultant for any Competitor. The Company has defined “Competitor” for certain lines of business, departments or job functions by establishing a specific standard and/or
by name as set forth in the Company’s Competitor List(s). An Employee’s personal list of Competitors will be the sum of: 

(i) either (1) all Competitors derived from the column titled “Standard” on the Competitor List for the lines of business and
departments (as listed on the Competitor List under the “Line of Business” column) that the Employee provided services to or managed during the two-year period preceding the date the Employee’s active employment with the Company or
its Affiliates terminates, or (2) if the job function the Employee is employed in at the time his or her active employment with the Company or its Affiliates terminates is listed on the Competitor List under the “Line of Business” column,
the Competitors cited for that job function under the “Standard” column of the Competitor List; and 
 (ii) the Entities
(as defined in Section C7(c) below) listed on the Competitor List under the column titled “Business Unit Wide Competitors” for the business units the Employee provided services to or managed during the two-year period preceding the
date his or her active employment with the Company or its Affiliates terminates. If any line(s) of business the Employee provided services to or managed during the two-year period preceding the date his or her active employment with the Company
or its Affiliates terminates 

  
 Page 22 of 26 

 
is not listed on the Competitor List then, with respect to such line(s) of business, the Employee shall not be employed by, provide advice to or act as a consultant for (1) an Entity’s line
of business that competes with those line(s) of business and (2) the Entities listed on the Competitor List under the column titled “Business Unit Wide Competitors” for the business units the Employee provided services to or managed during
the two-year period preceding the date the Employee’s active employment with the Company or its Affiliates terminates. Except for Business Unit Wide Competitors, the prohibition against being employed by, providing advice to or acting as a
consultant for a Competitor is limited to the line(s) of business of the Competitor that compete with the line(s) of business of the Company or its Affiliates that the Employee provided services to or managed. With respect to Business Unit Wide
Competitors, the Employee agrees not to be employed by, provide advice to or act as a consultant for such Entities in any line of business because these Entities compete with several of the Company’s or its Affiliates’ lines of
business. The Company can revise the Competitor List at its discretion at any time and from time to time and as revised will become part of this Appendix C; a copy of the current Competitor List will be available through the Corporate
Secretary’s Office. Notwithstanding anything in this Appendix C to the contrary, the Company shall not make any addition to the Competitor List for a period of two years following the date of a Change in Control. 

(b) Nondenigration.    For a one-year period after an Employee’s last day of active employment (the
“Restricted Period”) and during his or her employment with the Company or its Affiliates, an Employee or anyone acting at his or her direction may not denigrate the Company or its Affiliates or the Company’s or its
Affiliates’ employees to the media or financial analysts. During the Restricted Period, an Employee may not (i) provide information considered proprietary by the Company to the media or financial analysts or (ii) discuss the Company
or its Affiliates with the media or financial analysts, without the explicit written permission of the Executive Vice President of Corporate Affairs and Communications. This Section C1(b) shall not be applicable to any truthful statement
required by any legal proceeding. 
 (c) Nonsolicitation of Employees.    During the Restricted Period, an
Employee may not employ or solicit for employment any employee of the Company or its Affiliates. In addition, during the Restricted Period an Employee may not advise or recommend to any other person that he or she employ or solicit for
employment, any person employed by the Company or its Affiliates for the purpose of employing that person at an Entity at which the Employee is or intends to be (i) employed, (ii) a member of the board of directors, or (iii) providing
consulting services. 
 (d) Nonsolicitation of Customers.    During the Restricted Period, an Employee may not
directly or indirectly solicit or enter into any arrangement with any Entity which is, at the time of such solicitation, a significant customer of the Company or its Affiliates for the purpose of engaging in any business transactions of the nature
performed or contemplated by the Company or its Affiliates. This Section C1(d) shall apply only to customers whom the Employee personally serviced while employed by the Company or its Affiliates or customers 

  
 Page 23 of 26 

 
the Employee acquired material information about while employed by the Company or its Affiliates. 
 (e) Misconduct.    During his or her employment with the Company or its Affiliates, an Employee may not engage in any conduct that results in termination of his or her employment for
Misconduct. For purposes of this Section C1(e), “Misconduct” is (i) material violation of the American Express Company Code of Conduct, (ii) criminal activity, (iii) gross insubordination, or (iv) gross negligence in the
performance of duties. 
 (f) Confidential Information.    During the Restricted Period and during his or her
employment with the Company or its Affiliates, an Employee may not misappropriate or improperly disclose confidential information or trade secrets of the Company, its Affiliates and their businesses, including but not limited to information about
marketing or business plans, possible acquisitions or divestitures, potential new products or markets and other data not available to the public. 
 (g) Other Detrimental Conduct.    During the Restricted Period, an Employee may not take any actions that the Company reasonably deems detrimental to its interests or those of its
Affiliates. To the extent practicable, the Company will request an Employee to cease and desist or rectify the conduct prior to seeking any legal remedies under this Appendix C and will only seek legal remedies if the Employee does not
comply with such request. This Section C1(g) shall not be applied to conduct that is otherwise permitted by Section C1(a) through Section C1(f). For example, if an Employee leaves the Company’s employment to work for an
Entity that is not a Competitor under Section C1(a), the Company will not claim that employment with that Entity violates Section C1(g). Notwithstanding anything in this Appendix C to the contrary, the prohibition on conduct
described in this Section C1(g) shall not be applicable to an Employee from and after his or her last day of active employment, if his or her active employment terminates for any reason (other than for Misconduct) within two years following a
Change in Control. 
 Section C2. Remedies. 

(a) Repayment of Financial Gain.
 (i) If an Employee fails to comply with the requirements of Section C1(a) through Section C1(g), the Company may cancel any outstanding Awards and recover from the Employee (1) the Amount (as that term is
defined in Section C7(a) below) of any gain realized on Stock Options that the Employee exercised, as of the date exercised, (2) the Amount of any payments received by the Employee for Portfolio Grant Awards, Performance Grant Awards or
other Awards granted under the Plan and (3) the Number (as that term is defined in Section C7(d) below) of shares of stock whose restrictions lapsed (or the value of the Number of such shares of stock at the time the restrictions lapsed)
pursuant to an award of Restricted Stock or Restricted Stock Units or other Award, during the 24-month period preceding the Employee’s last day of active employment. 

  
 Page 24 of 26 

 (ii) If an Employee fails to comply with the requirements of Section C1(a) through
Section C1(g), the Employee must and agrees to repay the Company, upon demand by the Company, in accordance with the terms of this Section C2, and the Company shall be entitled, to the extent and in the manner permitted by the 409A Policy,
to set-off against the amount of any such repayment obligation against any amount owed, from any source, to the Employee by the Company or its Affiliates. 
 (b) Other Remedies.    The remedy provided pursuant to Section C2(a) shall be without prejudice to the Company’s right to recover any losses resulting from a violation of this
Appendix C and shall be in addition to whatever other remedies the Company may have, at law or equity, for violation of the terms of this Appendix C. 
 Section C3. Compensation Band Changes.    If the Company changes its current system of classifying employees in compensation bands and management tiers,
the references to Bands 50, 60 and 70, and Executive Officers in this Appendix C will be construed to mean the compensation level(s) and management tiers in the new or revised system that, in the Company’s discretion, most closely
approximates these bands and management tiers under the current system. 
 Section C4. Involuntary
Terminations.    This Appendix C will not apply to employees of the Company or its Affiliates who enter into a severance agreement with the Company or its Affiliates or other involuntary terminations as determined by
the Company (excluding terminations covered by Section C1(e)). 
 Section C5. Court
Modification.    If any term of this Appendix C is determined by a court of competent jurisdiction not to be enforceable in the manner set forth in this Appendix C, such term shall be enforceable to the maximum
extent possible under applicable law and such court shall reform such term to make it enforceable. 

Section C6. Waivers.    The failure of the Company to enforce at any time any term of
this Appendix C shall not be construed to be a waiver of such term or of any other term. Any waiver or modification of the terms of this Appendix C will only be effective if reduced to writing and signed by both the Employee and the
President or Chief Executive Officer of the Company. 
 Section C7.
Definitions.    As used in this Appendix C, the following terms will have the respective meanings set forth below. 
 (a) “Amount” means the gross amount, before deduction of applicable taxes or other amounts, and includes the gross amount of any dividends or dividend equivalents paid to the Employee on awards of
Restricted Stock or Restricted Stock Units. 
 (b) “Award” means a Performance Grant Award, Portfolio Grant Award,
Restricted Stock, Restricted Stock Unit, Stock Option or other award issued under the Plan. 

  
 Page 25 of 26 

 (c) “Entity” or “Entities” mean any corporation, partnership,
association, joint venture, trust, government, governmental agency or authority, person or other organization or entity. 
 (d)
“Number” means the total number of shares of stock, before reduction for the payment of applicable taxes or other amounts, and includes the total number of any shares of stock paid to the Employee on awards of Restricted Stock or
Restricted Stock Units. 
 (e) “Performance Grant Award” means a performance grant award issued under the Plan, and
includes the annual bonus provided to Executive Officers. 
 (f) “Portfolio Grant Award” means a portfolio grant award
issued under the Plan. 
 (g) “Restricted Stock,” “Restricted Stock Unit” and “Stock
Option” have the respective meanings given such terms in the Plan. 

*        *        *        
*        * 

  
 Page 26 of 26EX-10.3

 EXHIBIT 10.3 
 AMERICAN EXPRESS COMPANY 
 2016 INCENTIVE COMPENSATION PLAN 

 
  

[                     ] RESTRICTED STOCK UNIT
AWARD AGREEMENT (BAND 99) 
  
  

This [                     ] Restricted Stock
Unit Award Agreement (Band 99) sets forth the terms and conditions of the Restricted Stock Units granted by American Express Company pursuant to the Company’s 2016 Incentive Compensation Plan to select employees in Band 99 during
[                     ]. Capitalized terms used herein have the meanings given such terms herein or by Appendix A. 

Additional specific terms of a Participant’s Award under this Agreement are set forth in the Participant’s Award Communication, which
shall include the Date of Grant, the Number of Shares, the Vesting Date, and any additional terms applicable to such Award. The terms of the performance vesting requirement applicable to a Participant’s Award under this Agreement are set
forth on Schedule A, including the Performance Requirement and the Performance Period. 
 For Awards granted in special situations (such
as grants to newly hired or promoted Participants), the vesting and/or performance requirements, if any, and references to the Date of Grant, the Vesting Date or the Performance Period applicable to the Participant’s Award may vary from the
terms set forth in this Agreement, as specified in the Participant’s Award Communication, which terms shall apply instead of the terms set forth in this Agreement. If a Participant’s Award Communication provides for vesting of the
Number of Shares in installments, references to the Vesting Date shall refer to the date an installment vests and references to Earned Shares shall refer to the portion of the Number of Shares that vest on a given Vesting Date, as applicable, and
each installment will be treated separately under this Agreement as necessary to give effect to the intent thereof. 
 Section 1.
Vesting.
 (a) Vesting Date.    Subject to Section 1(b), Section 1(c) and the other terms of this
Agreement, a Participant’s Award shall vest for the number of Earned Shares on the Vesting Date. 
 (b) Continued Employment
Requirement.    Except as otherwise provided by Section 2, Section 3 or Section 4, the vesting of a Participant’s Award is subject to and conditioned upon the Participant’s continued Employment at all
times during the period beginning with the Date of Grant and ending on the Vesting Date. 
 (c) Performance
Requirement.    Except as otherwise provided by Section 2 or Section 4, or by the Participant’s Award Communication for an Award granted in a special situation (such as a grant to a newly hired or promoted
Participant), the vesting of a 

  
 Page 1 of 26 

 
Participant’s Award is subject to and conditioned upon: (i) the Company achieving at least the threshold level of performance under the Performance Requirement for the Performance
Period, each as set forth on Schedule A, (ii) the Committee certifying the level of performance achieved under the Performance Requirement for the Performance Period and determining the RSU Payout Percentage pursuant to Schedule A based on such
certified level of performance achieved, (iii) the Committee determining the number of shares eligible for vesting (the “Earned Shares”) based on the RSU Payout Percentage, and (iv) the Committee approving the vesting and
payment of the Earned Shares. (For the avoidance of doubt, the number of Earned Shares under a Participant’s Award may exceed the Award’s Number of Shares in the event of above-target performance.) This performance requirement is
intended to qualify the Award for the “performance-based” compensation exception to Section 162(m) of the Code, and it shall be administered, interpreted and applied consistent with such intent. Notwithstanding any other
provision of this Agreement, if the requirements of this Section 1(c) are not satisfied, then except as otherwise provided by Section 2 or Section 4, the Participant’s Award will be forfeited. 

(d) Portion Which Does Not Vest.    To the extent that a portion of a Participant’s Award does not vest pursuant to
Section 1(a), Section 2, Section 3 or Section 4, such portion of the Award shall be forfeited and cancelled by the Company. 
 Section 2. Death or Disability.    Notwithstanding anything in this Agreement to the contrary, if a Participant ceases Employment by reason of the
Participant’s death or Disability before the Vesting Date, the Participant’s Award shall immediately vest on the date of the Participant’s death or Disability, the RSU Payout Percentage for the Participant’s Award shall be 100%
and the Participant’s Award shall no longer be subject to the vesting conditions set forth in Section 1(b) or Section 1(c).  
 Section 3. Retirement.  
 (a) Participants Outside
European Union.    If a Participant’s home base country is outside the European Union, then: (A) if the Participant ceases Employment by reason of the Participant’s Early Retirement before the Vesting
Date, and the date of Early Retirement is more than one year after the Date of Grant, the Participant’s Award shall continue and vest on the Vesting Date for the number of Earned Shares determined under Section 1(c); and (B) if the
Participant ceases Employment by reason of the Participant’s Full Retirement before the Vesting Date, the Participant’s Award shall continue and vest on the Vesting Date for the number of Earned Shares determined under Section 1(c);
in each case, without regard to the vesting condition set forth in Section 1(b). 
 (b) Participants Within European
Union.    If a Participant’s home base country is in the European Union, then if the Participant ceases Employment by reason of the Participant’s EU Retirement before the Vesting Date, and the date of EU
Retirement is more than one year after the Date of Grant, the Participant’s Award shall continue and vest on the Vesting Date for the number of Earned Shares determined under Section 1(c), without regard to the vesting condition set forth
in Section 1(b). 

  
 Page 2 of 26 

 Section 4. Change in
Control.    Notwithstanding anything in this Agreement to the contrary, but subject to Appendix B, which could negate the treatment provided by this Section 4 as a result of Section 280G of the Code,
in the event of a Defined Termination of a Participant before the Vesting Date, the Participant’s Award shall immediately vest on the date of the Defined Termination for a number of shares based on either (i) the degree of the Performance
Requirement attained as of the date of the Defined Termination, and/or (ii) the portion of the Performance Period elapsed as of the date of the Defined Termination, as determined by the Committee, and the Participant’s Award shall no longer be
subject to the vesting conditions set forth in Section 1(b) or Section 1(c). 
 Section 5. Other
Termination.    Unless the Committee determines otherwise (but in any case subject to and conditioned upon the satisfaction of Section 1(c)), then except as otherwise provided by Section 2, Section 3,
Section 4 or a Participant’s Award Communication, in the event that a Participant’s Employment terminates for any reason before the Vesting Date, the Participant’s Award shall be immediately forfeited and cancelled by the
Company. 
 Section 6. Payment. 
 (a) Generally.    Subject to Section 6(f), Section 6(h) and Section 6(i), and except as otherwise provided by Section 6(b) or Section 6(d)(i), as soon as
practical following the Vesting Date, but no later than the end of the calendar year in which the Vesting Date occurs, the Company shall issue to a Participant the number of Earned Shares from the vesting of the Participant’s Award, less the
number of any shares withheld or cancelled to satisfy withholding obligations for Tax-Related Items pursuant to Section 6(i). 
 (b)
Death or Disability.    Subject to Section 6(f), Section 6(h) and Section 6(i), as soon as practical (but in no event later than 90 days) after the date of a Participant’s death or Disability, the
Company shall issue to the Participant the number of Earned Shares from the vesting of the Participant’s Award pursuant to Section 2, less the number of any shares withheld or cancelled to satisfy withholding obligations for Tax-Related
Items pursuant to Section 6(i). In the case of death, the issuance of shares is subject to the Company receiving required documentation from the legal representatives of the estate. 

(c) Retirement.    Subject to Section 6(f), Section 6(h) and Section 6(i), the Company shall issue to a
Participant the number of Earned Shares from the vesting of the Participant’s Award pursuant to Section 3, less the number of any shares withheld or cancelled to satisfy withholding obligations for Tax-Related Items pursuant to
Section 6(i), at the time specified by Section 6(a). 
 (d) Change in Control.    Subject to
Section 6(f), Section 6(h) and Section 6(i), the Company shall issue to a Participant the number of Earned Shares from the vesting of the Participant’s Award pursuant to Section 4 and after the application of Appendix B,
less the number of any shares withheld or cancelled to satisfy withholding obligations for Tax-Related Items pursuant to Section 6(i), as follows: 

  
 Page 3 of 26 

 (i) if the Change in Control qualifies as a Section 409A Change Event, then the shares shall be
issued to the Participant immediately upon the occurrence of the Defined Termination, but in no event later than five days thereafter; or 
 (ii) if the Change in Control does not qualify as a Section 409A Change Event, then the shares shall be issued to the Participant at the time specified by Section 6(a). 

(e) Issuance.    The issuance of shares pursuant to this Section 6 may be made by crediting the shares to an
account for the benefit of the Participant or by such other permissible manner chosen by the Company, in its sole discretion. As provided by Paragraph 18(e) of the Plan, legal counsel for the Company must be satisfied at the time of the
issuance of the shares that such issuance of shares will be in compliance with the Securities Act and applicable United States federal, state, local and foreign laws, and the Company shall be under no obligation to effect the registration pursuant
to the Securities Act of any shares to be issued hereunder or to effect similar compliance under any state or local laws. 
 (f)
Documentation.    The Participant must provide the Company with any forms, documents or other information reasonably required by the Company. 
 (g) No Shareholder Rights.    Until the shares from the payment of an Award to a Participant have been issued to the Participant, the Participant shall have no rights as a
shareholder of the Company with respect to such shares, and in particular, shall not be entitled to vote such shares or to receive any dividend or other distribution paid or made in respect of such shares (other than the dividend equivalents
provided by Section 7). 
 (h) Compliance with Laws.    If the Company, in its sole discretion,
determines that the listing upon any securities exchange or registration or qualification under any United States federal, state, local or foreign law of any shares to be issued pursuant to an Award is necessary or desirable, issuance of such shares
shall not be made in shares until such listing, registration or qualification shall have been completed. 
 (i) Responsibility for
Taxes.    The Participant acknowledges that, regardless of any action taken by the Company or, if different, the Participant’s employer (the “Employer”), the ultimate liability for all Tax-Related
Items is and remains the Participant’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Participant further acknowledges that the Company and/or the Employer (i) make no representations or
undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including, but not limited to, the grant or vesting of the Award, the subsequent sale of any shares acquired pursuant to the Award and the
receipt of any dividend equivalents; and (ii) do not commit to and are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve
any particular tax result. Further, if the Participant is subject to Tax-Related Items in more than one jurisdiction, the Participant acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to
withhold or account for Tax-Related Items in more than one jurisdiction. 

  
 Page 4 of 26 

 Prior to the relevant taxable or tax withholding event, as applicable, the Participant agrees to make
adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. In this regard, the Company and/or the Employer, or their respective agents, at their discretion, may satisfy, or allow the Participant to
satisfy, the withholding obligation with regard to all Tax-Related Items by any of the following, or a combination thereof: 
 (i)
withholding from the Participant’s wages or other cash compensation paid to the Participant by the Company and/or the Employer; or 

(ii) withholding or cancelling a number of shares subject to the Award with a Fair Market Value sufficient to cover the Tax-Related Items; or

 (iii) authorizing a third party to sell, on behalf of the Participant, the appropriate number of shares subject to the Award with a
Fair Market Value sufficient to cover the Tax-Related Items and to remit to the Company the sale proceeds; or 
 (iv) any other method
deemed by the Company to comply with applicable law. 
 The Company and/or the Employer have the right and option, but not the obligation,
to treat the Participant’s failure to provide timely payment of any tax withholding with regard to all Tax-Related Items as the Participant’s election to satisfy all or a portion of the tax withholding pursuant to Section 6(i)(ii)
above. 
 Depending on the withholding method, the Company or the Employer may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates, including maximum applicable rates. If the maximum rate is used, any over-withheld amount may be refunded to the Participant in cash by the Company or
Employer (with no entitlement to the share equivalent) or, if not refunded, the Participant may seek a refund from the local tax authorities. If the obligation for Tax-Related Items is satisfied by withholding any shares deliverable to the
Participant, for tax purposes, the Participant is deemed to have been issued the full number of Earned Shares subject to the Award, notwithstanding that a number of the shares is held back solely for the purpose of paying the Tax-Related Items.

 Finally, the Participant agrees to pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer
may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. 
 Notwithstanding the foregoing, the provisions of this Section 6(i) will not apply or will be modified if, in the opinion of the Company’s legal counsel, the application of this Section 6(i) to

  
 Page 5 of 26 

 
the Participant would jeopardize the Company’s deductibility of the Participant’s Award, or would cause a violation of Section 409A, in which event, the Participant will be
required to arrange for payment to the Company of the Tax-Related Items. 
 Section 7. Dividend
Equivalents.    Prior to the vesting or forfeiture of the Participant’s Award, there shall be accrued on the Number of Shares an amount(s) equivalent to the regular cash dividends paid, if any, on the
underlying shares. In the event of the vesting and payment of the Award, the dividend equivalents accrued on the Earned Shares, less any Tax-Related Items that the Company determines are required to be withheld therefrom, shall be paid at the
time that the Earned Shares are issued to the Participant. In the event of the forfeiture or cancellation of all or a portion of the Number of Shares, the dividend equivalents accrued on the portion of the Number of Shares that are forfeited
shall also be forfeited. For an Award granted to a Participant in a special situation (such as a grant to a newly hired or promoted Participant), the Participant’s Award Communication may provide for different terms, treatment and/or
payment of any dividend equivalents on the Participant’s Award. 
 Section 8. Additional Terms.

(a) No Assignment.    As provided by Paragraph 7(b) and Paragraph 18(d) of the Plan, except as otherwise
determined by the Committee or permitted by the Plan, a Participant may not sell, assign, transfer, pledge, hypothecate, encumber in whole or in part, or otherwise dispose of the Participant’s Award (or the shares underlying such Award) or the
Participant’s rights and interest under the Award (except by will or the laws of descent and distribution in the event of the Participant’s death), including, but not limited to, by execution, levy, garnishment, attachment, pledge,
bankruptcy or in any other manner. If a Participant or anyone claiming under or through the Participant attempts to violate this Section 8(a), such attempted violation shall be null and void and without effect. 

(b) No Assumption or Substitution Required.    In the event that the Company or any of its Affiliates is a participant
in a corporate merger, consolidation or other similar transaction, neither the Company nor such Affiliate shall be obligated to cause any other participant in such transaction to assume a Participant’s Award or to substitute a new award for the
Award under this Agreement. 
 (c) Detrimental Conduct.    A Participant’s Award is subject to the
provisions of Appendix C and the Consent to Detrimental Conduct Provisions executed by the Participant, which if violated, could result in the forfeiture and recoupment of the Award and the proceeds from the Award. 

(d) Clawback.    As provided by Paragraph 4(f)(ii) of the Plan, notwithstanding anything in the Plan, this Agreement or
any Award Communication to the contrary, the Company will be entitled to the extent required by applicable law (including, without limitation, Section 10D of the Exchange Act and any regulations promulgated with respect thereto) or Exchange
listing conditions, in each case as in effect from time to time, to recoup compensation of whatever kind paid under this Agreement by the Company at any time. A Participant’s 

  
 Page 6 of 26 

 
Award is subject to the Clawback Requirements and the Consent to Dodd-Frank Clawback Provisions executed by the Participant, which could require the Participant to return to the Company, or
forfeit if not yet paid, the Participant’s Award and the proceeds from the Award, in order to comply with the Clawback Requirements and any policy adopted by the Committee pursuant to the Clawback Requirements. 

(e) FDIA Limitations.    As provided by Paragraph 4(f)(i) of the Plan, notwithstanding any other provision of the Plan,
this Agreement or any Award Communication, vesting and payment of Awards pursuant to this Agreement are subject to and conditioned upon their compliance with 12 USC Section 1828(k) and any regulations promulgated thereunder. 

Section 9. Miscellaneous.
 (a) Incorporation of Plan and Award Communication.    The Award is subject to the Plan, the Award Communication and any interpretations by the Committee under the Plan or the Award
Communication, which are hereby incorporated into this Agreement by reference and made a part hereof. 
 (b) Administration,
Interpretation, Etc.    Any action taken or decision made by the Company, the Board or the Committee arising out of or in connection with the construction, administration, interpretation or effect of any provision of the
Plan, this Agreement or a Participant’s Award Communication shall lie within its sole and absolute discretion, as the case may be, and shall be final, conclusive and binding on the Participant and all persons claiming under or through the
Participant. By receipt of the Participant’s Award or other benefit under the Plan, the Participant and each person claiming under or through the Participant shall be conclusively deemed to have indicated acceptance and ratification of,
and consent to, any action taken under the Plan, this Agreement or the Participant’s Award Communication, by the Company, the Board or the Committee. 
 (c) Correction.    The Committee may rescind, without further notice to a Participant, any Award or portion thereof issued to the Participant in duplicate, or in error. 

(d) Amendment. 
 (i) The
terms of a Participant’s Award (including terms under this Agreement or the Participant’s Award Communication) may be amended from time to time by the Committee, in its sole discretion, in any manner that the Committee deems necessary or
appropriate; provided, however, that (A) no such amendment shall adversely affect in a material manner any right of the Participant under the Award without the written consent of the Participant, (B) except as provided by Paragraph 9 of the Plan,
the Committee shall not amend the Participant’s Award if the amendment would disqualify the Award from the exception to Section 162(m) of the Code; and (C) the Committee may not amend or delete Section 4 or Section A1(p) in a
manner that is detrimental to the Participant without the Participant’s written consent. Notwithstanding Paragraph 11 of the Plan, neither the Board, the 

  
 Page 7 of 26 

 
Committee nor other person shall not have the authority to amend the terms of a Participant’s Award (including terms under this Agreement or the Participant’s Award Communication)
without the written consent of the Participant is such amendment would adversely affect in a material manner any right of the Participant under the Award, even if the Board, Committee or other person in its discretion determines that there have
occurred or are about to occur significant changes in the Participant’s position, duties or responsibilities, or significant changes in economic, legislative, regulatory, tax, accounting or cost/benefit conditions which are determined by the
Board, Committee or other person in its discretion to have or to be expected to have a significant effect on the performance of the Company, or any subsidiary, Affiliate, division or department thereof, on the Plan or on the Participant’s
Award. 
 (ii) The Senior Vice President, Global Total Rewards and Learning or the Senior Vice President, Global Compensation may amend,
revise or make any changes to this Agreement to reflect any amendments, revisions, changes or other actions approved or taken by the Committee pursuant to Section 9(d)(i). 

(e) Dilution and Other Adjustments. 
 (i) As provided by Paragraph 15(a) of the Plan, to the extent permissible for purposes of Section 162(m) of the Code, in the event of any change in the outstanding shares of the Company by reason of any
corporate transaction or change in corporate capitalization such as a stock split, stock dividend, split-up, split-off, spin-off, recapitalization, merger, consolidation, rights offering, reorganization, combination, consolidation, subdivision or
exchange of shares, a sale by the Company of all or part of its assets, any distribution to shareholders other than a normal cash dividend, partial or complete liquidation of the Company or other extraordinary or unusual event, the Committee shall
make such adjustment in the class and the Number of Shares or other terms of the Award Communications of outstanding Awards as may be determined to be appropriate by the Committee, and such adjustments shall be final, conclusive and binding for all
purposes. 
 (ii) As provided by Paragraph 15(b) of the Plan, to the extent permissible for purposes of Section 162(m) of the Code,
in the event of any merger, consolidation or similar transaction as a result of which the holders of shares of the Company receive consideration consisting exclusively of securities of the surviving entity (or the parent of the surviving entity) in
such transaction, the Committee shall, to the extent deemed appropriate by the Committee, adjust the Award to the extent outstanding on the date of such merger, consolidation or similar transaction so that it pertains and applies to the securities
which a holder of the number of shares subject to such Award would have received in such merger, consolidation or similar transaction. 

(iii) As provided by Paragraph 15(c) of the Plan, to the extent permissible for purposes of Section 162(m) of the Code, in the event of (A) a
dissolution or liquidation of the Company, (B) a sale of all or substantially all of the Company’s assets (on a consolidated basis), (C) a merger, consolidation or similar transaction involving the Company in which the holders of shares of the
Company receive securities and/or other property, including 

  
 Page 8 of 26 

 
cash, other than shares of the surviving entity in such transaction (or the parent of such surviving entity), the Committee shall, to the extent deemed appropriate by the Committee, have the
power to provide for the exchange of the Award (whether or not then exercisable or vested) for an Award with respect to (1) some or all of the property which a holder of the number of shares of the Company subject to such Award would have received
in such transaction or (2) securities of the acquirer or surviving entity (or parent of such acquirer or surviving entity) and, incident thereto, make an equitable adjustment as determined by the Committee in the number of shares subject to the
Award or provide for a payment (in cash or other property) to the Participant in partial consideration for the exchange of the Award; provided, however, that in the event that the acquirer does not agree to the assumption or substitution of the
Award in the foregoing manner, the Committee shall, to the extent deemed appropriate by the Committee, have the power to cancel, effective immediately prior to the occurrence of such event, the Award (whether or not then vested), and, in full
consideration of such cancellation, pay to the Participant an amount in cash, for each share subject to such Award, equal to the value, as determined by the Committee of such Award. 

(f) Beneficiary Designation.    As provided by Paragraph 17 of the Plan, a Participant may, in a manner determined by
the Committee in its discretion, designate a beneficiary or beneficiaries to receive any payment to which such Participant may be entitled under the Participant’s Award in the event of such Participant’s death. If a Participant does
not designate a beneficiary, or if no designated beneficiary is living on the date on which any amount becomes payable under the Participant’s Award, such payment will be made to the legal representatives of the Participant’s estate, which
will be deemed to be the Participant’s designated beneficiary under the Participant’s Award. If there is any question as to the legal right of a Participant’s beneficiary to receive a distribution under the Participant’s
Award, the Committee in its discretion may determine that the amount in question be paid to the legal representatives of the Participant’s estate, in which event the Company, the Board and the Committee will have no further liability to anyone
with respect to such amount. 
 (g) Governing Law and Venue.    As provided by Paragraph 18(n) of the Plan, the
validity, construction, interpretation, administration and effect of the Plan and of its rules and regulations, and rights relating to the Plan and to the Award issued under this Agreement, shall be governed by the substantive laws, but not the
choice of law rules, of the State of New York. For purposes of litigating any dispute that arises under this Award or the Agreement, the parties hereby submit to and consent to the exclusive jurisdiction of the State of New York, and agree that
such litigation shall be conducted in the courts of New York County, or the federal courts for the United States for the Southern District of New York, where this grant is made and/or to be performed. 

(h) Section 409A.    Restricted Stock Units and the dividend equivalents payable thereon are intended
to comply with the requirements of Section 409A, and the Plan, this Agreement and the Participant’s Award Communications shall be administered and interpreted consistent with such intent and the 409A Policy. Notwithstanding the
foregoing, the Company makes no representations that the Awards or the vesting and payments provided 

  
 Page 9 of 26 

 
by this Agreement comply with Section 409A, and in no event shall the Company or any Affiliate be liable for all or any portion of any taxes, penalties, interest or other expenses that may
be incurred by a Participant on account of non-compliance with Section 409A. Notwithstanding anything in this Agreement to the contrary, (i) references to a Participant’s “termination of Employment” and similar terms used in
this Agreement mean, to the extent necessary to comply with Section 409A, the date that the Participant first incurs a Separation from Service, and (ii) if at the time of a Participant’s Separation from Service, the Participant is a
“specified employee” for purposes of Section 409A, and the payment of the Award under this Agreement as a result of such Separation from Service is required to be delayed by six months pursuant to Section 409A, then the Company
will make such payment on the date that is the first day of the seventh month following the Participant’s Separation from Service. 

(i) Other Awards.    Notwithstanding any other provision of this Agreement, the Company, in its sole discretion, may
approve and grant Awards that are not governed by the provisions contained in this Agreement, which Awards shall be subject to the terms of such other agreement or writing specified by the Company as applicable thereto.

*        *        *        
*        * 

  
 Page 10 of 26 

 AMERICAN EXPRESS COMPANY 

2016 INCENTIVE COMPENSATION PLAN 
  

 

[                    ] RESTRICTED STOCK UNIT
AWARD AGREEMENT (BAND 99) 
  
  

APPENDIX A 
 DEFINITIONS

 Section A1. Definitions.    As used in the Agreement, the
Appendices, Schedule A and the Award Communication, the following terms will have the respective meanings set forth below, and other capitalized terms used in the Agreement, the Appendices, Schedule A or the Award Communication will have
the respective meanings given such capitalized terms in the Agreement, the Appendices, Schedule A, the Award Communication or the Plan. 
 (j) “409A Policy” means the Company’s Section 409A Compliance Policy, as amended and restated from time to time, or any successor thereto. 

(k) “Affiliate” has the meaning given such term by Paragraph 3(b) of the Plan, which states that unless the Committee provides
otherwise, “Affiliate” means any entity in which the Company has a direct or indirect equity interest of 50% or more, as determined by the Committee in its discretion. 

(l) “Agreement” means the
[                    ] Restricted Stock Unit Award Agreement (Band 99), including the Appendices. 

(m) “Award” means the Restricted Stock Units granted by the Company to a Participant pursuant to the Plan, the Agreement and the
Participant’s Award Communication. 
 (n) “Award Communication” for a Participant and the Participant’s Award
means, collectively, the Participant’s year-end compensation statement for the year preceding the year that includes the Date of Grant (if applicable), and any other written or electronic communication by or on behalf of the Company to the
Participant regarding the particular terms of the Participant’s Award, and the LTIA Overview or similar document describing the terms of the Award generally. 
 (o) “Board” means the Board of Directors of the Company. 
 (p) “Change in
Control” means the happening of any of the following: 
 (i) Any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 25% or more of

  
 Page 11 of 26 

 
either (i) the then outstanding common shares of the Company (the “Outstanding Company Common Shares”) or (ii) the combined voting power of the then outstanding voting securities
of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that such beneficial ownership shall not constitute a Change in Control if it occurs as a
result of any of the following acquisitions of securities: (A) any acquisition directly from the Company; (B) any acquisition by the Company or any corporation, partnership, trust or other entity controlled by the Company (a
“Subsidiary”); (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Subsidiary; (D) any acquisition by an underwriter temporarily holding Company securities pursuant
to an offering of such securities; (E) any acquisition by an individual, entity or group that is permitted to, and actually does, report its beneficial ownership on Schedule 13-G (or any successor schedule), provided that, if any such individual,
entity or group subsequently becomes required to or does report its beneficial ownership on Schedule 13D (or any successor schedule), then, for purposes of this subsection, such individual, entity or group shall be deemed to have first acquired, on
the first date on which such individual, entity or group becomes required to or does so report, beneficial ownership of all of the Outstanding Company Common Stock and Outstanding Company Voting Securities beneficially owned by it on such date; or
(F) any acquisition by any corporation pursuant to a reorganization, merger or consolidation if, following such reorganization, merger or consolidation, the conditions described in clauses (A), (B) and (C) of Section A1(h)(iii) are
satisfied. Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any Person (the “Subject Person”) became the beneficial owner of 25% or more of the Outstanding Company Common Shares or
Outstanding Company Voting Securities as a result of the acquisition of Outstanding Company Common Shares or Outstanding Company Voting Securities by the Company which, by reducing the number of Outstanding Company Common Shares or Outstanding
Company Voting Securities, increases the proportional number of shares beneficially owned by the Subject Person; provided, that if a Change in Control would be deemed to have occurred (but for the operation of this sentence) as a result of the
acquisition of Outstanding Company Common Shares or Outstanding Company Voting Securities by the Company, and after such share acquisition by the Company, the Subject Person becomes the beneficial owner of any additional Outstanding Company Common
Shares or Outstanding Company Voting Securities which increases the percentage of the Outstanding Company Common Shares or Outstanding Company Voting Securities beneficially owned by the Subject Person, then a Change in Control shall then be deemed
to have occurred; or 
 (ii) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease
for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a
vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of either an actual or threatened election contest or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board, including by

  
 Page 12 of 26 

 
reason of agreement intended to avoid or settle any such actual or threatened contest or solicitation; or 
 (iii) The consummation of a reorganization, merger, statutory share exchange, consolidation, or similar corporate transaction involving the Company or any of its direct or indirect Subsidiaries (each a
“Business Combination”), in each case, unless, following such Business Combination, (A) the Outstanding Company Common Shares and the Outstanding Company Voting Securities immediately prior to such Business Combination, continue to
represent (either by remaining outstanding or being converted into voting securities of the resulting or surviving entity or any parent thereof) more than 50% of the then-outstanding shares of common stock and the combined voting power of the
then-outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation that, as a result of such
transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries), (B) no Person (excluding the Company, any employee benefit plan (or related trust) of the Company, a
Subsidiary or such corporation resulting from such Business Combination or any parent or subsidiary thereof, and any Person beneficially owning, immediately prior to such Business Combination, directly or indirectly, 25% or more of the Outstanding
Company Common Shares or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 25% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such Business
Combination (or any parent thereof) or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors, and (C) at least a majority of the members of the board of
directors of the corporation resulting from such Business Combination (or any parent thereof) were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such Business Combination;
or 
 (iv) The consummation of the sale, lease, exchange or other disposition of all or substantially all of the assets of the Company,
unless such assets have been sold, leased, exchanged or disposed of to a corporation with respect to which following such sale, lease, exchange or other disposition (A) more than 50% of, respectively, the then outstanding shares of common stock of
such corporation and the combined voting power of the then outstanding voting securities of such corporation (or any parent thereof) entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all
or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Shares and Outstanding Company Voting Securities immediately prior to such sale, lease, exchange or other
disposition in substantially the same proportions as their ownership immediately prior to such sale, lease, exchange or other disposition of such Outstanding Company Common Shares and Outstanding Company Voting Shares, as the case may be, (B) no
Person (excluding the Company and any employee benefit plan (or related trust)) of the Company or a Subsidiary or of such corporation or a subsidiary thereof and any Person beneficially owning, immediately prior to such sale, lease, exchange or
other disposition, directly or indirectly, 25% or more of the Outstanding Company Common 

  
 Page 13 of 26 

 
Shares or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 25% or more of respectively, the then outstanding shares of common stock of such
corporation (or any parent thereof) and the combined voting power of the then outstanding voting securities of such corporation (or any parent thereof) entitled to vote generally in the election of directors, and (C) at least a majority of the
members of the board of directors of such corporation (or any parent thereof) were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such sale, lease, exchange or other
disposition of assets of the Company; or 
 (v) Approval by the shareholders of the Company of a complete liquidation or dissolution of
the Company. 
 (q) “Clawback Requirements” means (i) any applicable listing standards of a national securities exchange
adopted in accordance with Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (regarding recovery of erroneously awarded compensation) and any implementing rules and regulations of the U.S. Securities and Exchange
Commission adopted thereunder, (ii) similar rules under the laws of any other jurisdiction and (iii) any policies adopted by the Company to implement such requirements, all to the extent determined by the Company in its discretion to be applicable
to the Participant. 
 (r) “Code” means the U.S. Internal Revenue Code of 1986, as amended and restated from time to
time, and includes the applicable Treasury Regulations promulgated and other official guidance issued thereunder. 
 (s)
“Committee” means the Compensation and Benefits Committee of the Board. To the extent that the Committee has delegated its authority to certain officers and employees of the Company, references to the Committee with respect to
a matter for which the Committee has delegated its authority shall include the officers and employees to whom such authority has been delegated. 
 (t) “Company” means American Express Company. 
 (u) “Consent to Detrimental
Conduct Provisions” with respect to a Participant means the “Consent to the Application of Forfeiture and Detrimental Conduct Provisions to Incentive Compensation Plan Awards” or similar document, and any successor thereto,
executed by the Participant. 
 (v) “Consent to Dodd-Frank Clawback Provisions” with respect to a Participant means the
“Consent to the Requirements of Section 954 of the Dodd-Frank Act” or similar document, and any successor thereto, executed by the Participant. 
 (w) “Constructive Termination” has the meaning given such term by the Senior Executive Severance Plan, which generally states that a “Constructive Termination” of a Participant means any
termination of the Participant’s Employment by the Participant as a result of Good Reason within two years after a Change in Control, and that “Good Reason” 

  
 Page 14 of 26 

 
generally means the occurrence of any of the following events without the Participant’s written consent: (i) a material reduction in the Participant’s base salary (except for
similar across the board changes affecting all similarly situated employees) or any material reduction in the aggregate of the Participant’s annual and long-term incentive opportunity, in each case from that in effect immediately prior to the
Change in Control, (ii) the requirement that the Participant be based more than 50 miles from the location at which the Participant was based immediately prior to the Change in Control and which location is more than 35 miles from the
Participant’s residence, (iii) the assignment to the Participant of any duties that are materially inconsistent with the Participant’s duties prior to the Change in Control, or (iv) a significant reduction in the Participant’s
position, duties, or responsibilities from those in effect prior to the Change in Control; provided, however, in order for any of the foregoing events to constitute Good Reason, the Participant must notify the Company within 30 days after the
occurrence of the event giving rise to a Good Reason and the Company shall have 30 days to remedy the condition, and if remedied by the Company within such 30-day period, no Good Reason shall exist on account of the remedied event. 

(x) “Date of Grant” for an Award means the date specified by the applicable Award Communication. 

(y) “Defined Termination” has the meaning given such term by the Senior Executive Severance Plan, which states that “Defined
Termination” means a Separation from Service within two years after a Change in Control that occurs as a result of either an Involuntary Termination or a Constructive Termination. 

(z) “Disability” has the meaning given such term by Section 409A, which generally provides that “Disability” of a
Participant means either (i) the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a
continuous period of not less than 12 months, or (ii) the Participant is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less
than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering the employees of the Participant’s employer. 

(aa) “Early Retirement” with respect to a Participant means the termination of the Participant’s Employment at a time that
the Participant has attained 10 or more years of service (or deemed service under applicable retirement arrangements) with the Company or applicable Affiliates and the Participant is age 55 or older, but younger than age 62. 

(bb) “Employment” means employment with the Company or an Affiliate, or engagement in Related Employment. 

(cc) “EU Retirement” with respect to a Participant means the termination of the Participant’s Employment at a time that the
Participant has attained 15 or more years of 

  
 Page 15 of 26 

 
service (or deemed service under applicable retirement arrangements) with the Company or applicable Affiliates. 
 (dd) “Exchange” has the meaning given such term by Paragraph 2(a) of the Plan, which states that “Exchange” shall mean the New York Stock Exchange or such other principal securities
market on which the shares are traded. 
 (ee) “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended
and restated from time to time. 
 (ff) “Fair Market Value” has the meaning given such term by Paragraph 5(b) of the
Plan, which generally states that “Fair Market Value” of a share on a given date is the fair market value of a share on such date, as determined in such reasonable manner as may be provided from time to time by the Committee or as may be
required in order to comply with the requirements of any applicable laws or regulation; and unless the Committee determines otherwise, the “Fair Market Value” of a Company share on a given date shall be the closing price of a Company share
reported by the Exchange on such date. 
 (gg) “Full Retirement” with respect to a Participant means the termination of
the Participant’s Employment at a time that the Participant has attained 10 or more years of service (or deemed service under applicable retirement arrangements) with the Company or applicable Affiliates and the Participant is age 62 or older.

 (hh) “Involuntary Termination” has the meaning given such term by the Senior Executive Severance Plan, which generally
states that an “Involuntary Termination” of a Participant means any involuntary termination of the Participant’s Employment for reasons other than Good Cause within two years after a Change in Control, and that “Good Cause”
generally means the occurrence of any of the following: (i) the Participant’s willful and continued failure to adequately perform substantially all of the duties of the Participant’s Employment; (ii) the Participant’s
willful engagement in conduct which is demonstrably and materially injurious to the Company and such of its subsidiaries and affiliated companies and other trades or businesses, monetarily or otherwise; or (iii) the Participant’s conviction of
a felony. 
 (ii) “LTIA Overview” for a Participant’s Award means the overview, program, summary, guide or similar
document provided by or on behalf of the Company describing certain terms of the Participant’s Award. Generally, new LTIA Overviews are provided each year describing the Awards granted to employees in specified Band levels as part of the
Company’s annual award process for that year. 
 (jj) “Number of Shares” for an Award means the number of shares
subject to such Award, as specified in the applicable Award Communication. 
 (kk) “Participant” means an employee to
whom an Award has been granted pursuant to the Plan and the Agreement, and following such employee’s death, the employee’s 

  
 Page 16 of 26 

 
beneficiary or any person who acquires the right to receive payment of the employee’s Award by bequest or inheritance or by reason of the employee’s death. 

(ll) “Performance Period” for an Award means the performance period established by the Committee and set forth in Schedule A.

 (mm) “Performance Requirement” for an Award means the performance objectives established by the Committee and set
forth in Schedule A. 
 (nn) “Plan” means the Company’s 2016 Incentive Compensation Plan, as amended and restated
from time to time, or any successor thereto. 
 (oo) “Related Employment” has the meaning given such term by Paragraph 14
of the Plan, which generally states that “Related Employment” of an individual means the employment or performance of services by the individual for an employer that is neither the Company nor an Affiliate, provided that (a) such
employment or performance of services is undertaken by the individual at the request of the Company or an Affiliate; (b) immediately prior to undertaking such employment or performance of services, the individual was engaged in Employment; and (c)
such employment or performance of services is in the best interests of the Company and is recognized by the Committee, in its discretion, as Related Employment. 
 (pp) “Restricted Stock Unit” means an Award that is a promise to issue shares to a Participant in the future if the applicable vesting conditions are satisfied. 

(qq) “Retirement” means Early Retirement, Full Retirement or EU Retirement. 

(rr) “RSU Payout Percentage” means the “RSU Payout Percentage” determined pursuant to Schedule A. 

(ss) “Section 409A” means Section 409A of the Code. 

(tt) “Section 409A Change Event” means a “change in ownership,” a “change in effective
control” or a “change in ownership of a substantial portion of the assets” of the Company, each as defined by Section 409A. Section 409A generally states that (i) a “change in ownership” of a company means
that any one person, or more than one person acting as a group, acquires ownership of stock of the company that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the
stock of the company; (ii) a “change in effective control” of a company means (A) that any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most
recent acquisition by such person or persons) ownership of stock of the company possessing 30% or more of the total voting power of the stock of the company, or (B) a majority of members of the company’s board of directors is replaced during
any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the company’s board of directors before the date of the appointment or election; and (iii) a “change in ownership of a
substantial portion of the 

  
 Page 17 of 26 

 
assets” of a company means that any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent
acquisition by such person or persons) assets from the company that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the company immediately before such acquisition or
acquisitions). 
 (uu) “Securities Act” means the U.S. Securities Act of 1933, as amended and restated from time to time.

 (vv) “Senior Executive Severance Plan” means the Company’s Senior Executive Severance Plan, as amended and
restated from time to time, or any successor thereto. 
 (ww) “Separation from Service” has the meaning given such term
by Section 409A (and as determined in accordance with the 409A Policy), which generally states that an employee has a “Separation from Service” with an employer if the employee dies, retires, or otherwise has a termination of his or
her employment with such employer. Whether a Separation from Service has occurred is determined based on whether the facts and circumstances indicate that the employer and employee reasonably anticipated that no further services would be
performed after a certain date or that the level of bona fide services the employee would perform after such date would permanently decrease to no more than 20% of the average level of bona fide services performed over the immediately preceding
36-month period. 
 (xx) “shares” refers to the shares of the Company’s common stock, par value of $.20 per share,
or the shares of any other stock of any other class or company into which such shares may thereafter be changed. 
 (yy)
“Tax-Related Items” means any income tax, social insurance, payroll tax, fringe benefits tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the
Participant. 
 (zz) “Vesting Date” of an Award means the vesting date specified in the Award Communication for such
Award. (For the avoidance of doubt, the Vesting Date of an Award may differ from the last day of the Award’s Performance Period.) 
 *        *        *        *        * 

  
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 AMERICAN EXPRESS COMPANY 

2016 INCENTIVE COMPENSATION PLAN 
  

 

[                     ] RESTRICTED STOCK UNIT
AWARD AGREEMENT (BAND 99) 
  
  

APPENDIX B 
 SECTION
280G TERMS & PROCEDURES 
 Section B1. “Best Net”
Limitation.    In the event that any payment or benefit received or to be received by a Participant under the Agreement in connection with a Change in Control or termination of the Participant’s employment
(collectively, the “Payments”), will be subject to the excise tax referred to in Section 4999 of the Code (the “Excise Tax”), then the Payments shall be reduced to the extent necessary so that no portion of the
Payments is subject to the Excise Tax but only if (A) the net amount of all payments and benefits received or to be received by a Participant in connection with the applicable Change in Control or the termination of the Participant’s
employment, whether pursuant to the terms of the Agreement or any other plan, arrangement or agreement with the Company, any Person whose actions result in such Change in Control or any Person affiliated with the Company or such Person (the
“Total Payments”), as so reduced (and after subtracting the net amount of federal, state and local income and employment taxes on such reduced Total Payments), is greater than or equal to (B) the net amount of such Total Payments
without any such reduction (but after subtracting the net amount of federal, state and local income and employment taxes on such Total Payments and the amount of Excise Tax to which the Participant would be subject in respect of such unreduced Total
Payments); provided, however, that the Participant may elect in writing to have other components of his or her Total Payments reduced prior to any reduction in the Payments hereunder. 

Section B2. Calculations.    For purposes of determining whether the Payments will be
subject to the Excise Tax, the amount of such Excise Tax and whether any Payments are to be reduced hereunder: (i) the Total Payments shall be treated as “parachute payments” (within the meaning of Section 280G(b)(2) of the Code)
unless, in the opinion of the accounting firm which was, immediately prior to the Change in Control, the Company’s independent auditor, or if that firm refuses to serve, by another qualified firm, whether or not serving as independent auditors,
designated by the Committee (the “Firm”), such payments or benefits (in whole or in part) do not constitute parachute payments, including by reason of Section 280G(b)(2)(A) or Section 280G(b)(4)(A) of the Code; (ii) no
portion of the Total Payments the receipt or enjoyment of which the Participant shall have waived at such time and in such manner as not to constitute a “payment” within the meaning of Section 280G(b) of the Code shall be taken into
account; (iii) all “excess parachute payments” within the meaning of Section 280G(b)(1) of the Code shall be treated as subject to the Excise Tax unless, in the opinion of the Firm, such excess parachute payments (in whole or in part)
represent reasonable compensation for services 

  
 Page 19 of 26 

 
actually rendered (within the meaning of Section 280G(b)(4)(B) of the Code) in excess of the Base Amount (within the meaning of Section 280G(b)(3) of the Code) allocable to such
reasonable compensation, or are otherwise not subject to the Excise Tax; and (iv) the value of any noncash benefits or any deferred payment or benefit shall be determined by the Firm in accordance with the principles of Section 280G(d)(3) and
Section 280G(d)(4) of the Code. For purposes of determining whether any Payments in respect of a Participant shall be reduced, a Participant shall be deemed to pay federal income tax at the highest marginal rate of federal income taxation
(and state and local income taxes at the highest marginal rate of taxation in the state and locality of such Participant’s residence, net of the maximum reduction in federal income taxes which could be obtained from deduction of such state and
local taxes) in the calendar year in which the Payments are made. The Firm will be paid reasonable compensation by the Company for its services. 
 Section B3. Notice of Adjustment.    As soon as practicable following a Change in Control, but in no event later than 30 days thereafter, the Company
shall provide to each Participant with respect to whom it is proposed that Payments be reduced, a written statement setting forth the manner in which the Total Payments in respect of such Participant were calculated and the basis for such
calculations, including, without limitation, any opinions or other advice the Company has received from the Firm or other advisors or consultants (and any such opinions or advice which are in writing shall be attached to the statement). 

*        *        *        
*        * 

  
 Page 20 of 26 

 AMERICAN EXPRESS COMPANY 

2016 INCENTIVE COMPENSATION PLAN 
  

 

[                    ] RESTRICTED STOCK UNIT
AWARD AGREEMENT (BAND 99) 
  
  

APPENDIX C 
 DETRIMENTAL
CONDUCT PROVISIONS 
 Section C1. Detrimental Conduct.    If a current
or former employee of, or other individual that provides or has provided services for, the Company or its Affiliates (the “Employee”) engages in Detrimental Conduct, Awards (as defined in Section C7(b) below) previously issued
to such Employee may be canceled, rescinded or otherwise restricted and the Company can recover any payments received by and stock delivered to the Employee in accordance with the terms of Section C2. For purposes of this Appendix C,
“Detrimental Conduct” means the prohibited conduct described in Section C1(a) through Section C1(g). 
 (a)
Noncompete.    For a one-year period after the last day of active employment if the Employee is a Band 70 or above employee or for a six-month period after the last day of active employment if the Employee is a Band 50 or
60 employee, and during the Employee’s employment with the Company or its Affiliates, the Employee shall not be employed by, provide advice to or act as a consultant for any Competitor. The Company has defined “Competitor”
for certain lines of business, departments or job functions by establishing a specific standard and/or by name as set forth in the Company’s Competitor List(s). An Employee’s personal list of Competitors will be the sum of:

 (i) either (1) all Competitors derived from the column titled “Standard” on the Competitor List for the lines of business
and departments (as listed on the Competitor List under the “Line of Business” column) that the Employee provided services to or managed during the two-year period preceding the date the Employee’s active employment with the Company
or its Affiliates terminates, or (2) if the job function the Employee is employed in at the time his or her active employment with the Company or its Affiliates terminates is listed on the Competitor List under the “Line of Business”
column, the Competitors cited for that job function under the “Standard” column of the Competitor List; and 
 (ii) the
Entities (as defined in Section C7(c) below) listed on the Competitor List under the column titled “Business Unit Wide Competitors” for the business units the Employee provided services to or managed during the two-year period
preceding the date his or her active employment with the Company or its Affiliates terminates. If any line(s) of business the Employee provided services to or managed during the two-year period preceding the date his or her active employment
with the Company or its Affiliates terminates 

  
 Page 21 of 26 

 
is not listed on the Competitor List then, with respect to such line(s) of business, the Employee shall not be employed by, provide advice to or act as a consultant for (1) an Entity’s line
of business that competes with those line(s) of business and (2) the Entities listed on the Competitor List under the column titled “Business Unit Wide Competitors” for the business units the Employee provided services to or managed during
the two-year period preceding the date the Employee’s active employment with the Company or its Affiliates terminates. Except for Business Unit Wide Competitors, the prohibition against being employed by, providing advice to or acting as a
consultant for a Competitor is limited to the line(s) of business of the Competitor that compete with the line(s) of business of the Company or its Affiliates that the Employee provided services to or managed. With respect to Business Unit Wide
Competitors, the Employee agrees not to be employed by, provide advice to or act as a consultant for such Entities in any line of business because these Entities compete with several of the Company’s or its Affiliates’ lines of
business. The Company can revise the Competitor List at its discretion at any time and from time to time and as revised will become part of this Appendix C; a copy of the current Competitor List will be available through the Corporate
Secretary’s Office. Notwithstanding anything in this Appendix C to the contrary, the Company shall not make any addition to the Competitor List for a period of two years following the date of a Change in Control. 

(b) Nondenigration.    For a one-year period after an Employee’s last day of active employment (the
“Restricted Period”) and during his or her employment with the Company or its Affiliates, an Employee or anyone acting at his or her direction may not denigrate the Company or its Affiliates or the Company’s or its
Affiliates’ employees to the media or financial analysts. During the Restricted Period, an Employee may not (i) provide information considered proprietary by the Company to the media or financial analysts or (ii) discuss the Company
or its Affiliates with the media or financial analysts, without the explicit written permission of the Executive Vice President of Corporate Affairs and Communications. This Section C1(b) shall not be applicable to any truthful statement
required by any legal proceeding. 
 (c) Nonsolicitation of Employees.    During the Restricted Period, an
Employee may not employ or solicit for employment any employee of the Company or its Affiliates. In addition, during the Restricted Period an Employee may not advise or recommend to any other person that he or she employ or solicit for
employment, any person employed by the Company or its Affiliates for the purpose of employing that person at an Entity at which the Employee is or intends to be (i) employed, (ii) a member of the board of directors, or (iii) providing
consulting services. 
 (d) Nonsolicitation of Customers.    During the Restricted Period, an Employee may not
directly or indirectly solicit or enter into any arrangement with any Entity which is, at the time of such solicitation, a significant customer of the Company or its Affiliates for the purpose of engaging in any business transactions of the nature
performed or contemplated by the Company or its Affiliates. This Section C1(d) shall apply only to customers whom the 

  
 Page 22 of 26 

 
Employee personally serviced while employed by the Company or its Affiliates or customers the Employee acquired material information about while employed by the Company or its Affiliates.

 (e) Misconduct.    During his or her employment with the Company or its Affiliates, an Employee may not
engage in any conduct that results in termination of his or her employment for Misconduct. For purposes of this Section C1(e), “Misconduct” is (i) material violation of the American Express Company Code of Conduct, (ii)
criminal activity, (iii) gross insubordination, or (iv) gross negligence in the performance of duties. 
 (f) Confidential
Information.    During the Restricted Period and during his or her employment with the Company or its Affiliates, an Employee may not misappropriate or improperly disclose confidential information or trade secrets of the
Company, its Affiliates and their businesses, including but not limited to information about marketing or business plans, possible acquisitions or divestitures, potential new products or markets and other data not available to the public.

 (g) Other Detrimental Conduct.    During the Restricted Period, an Employee may not take any actions that
the Company reasonably deems detrimental to its interests or those of its Affiliates. To the extent practicable, the Company will request an Employee to cease and desist or rectify the conduct prior to seeking any legal remedies under this
Appendix C and will only seek legal remedies if the Employee does not comply with such request. This Section C1(g) shall not be applied to conduct that is otherwise permitted by Section C1(a) through Section C1(f). For
example, if an Employee leaves the Company’s employment to work for an Entity that is not a Competitor under Section C1(a), the Company will not claim that employment with that Entity violates Section C1(g). Notwithstanding
anything in this Appendix C to the contrary, the prohibition on conduct described in this Section C1(g) shall not be applicable to an Employee from and after his or her last day of active employment, if his or her active employment
terminates for any reason (other than for Misconduct) within two years following a Change in Control. 

Section C2. Remedies. 
 (a) Repayment of Financial Gain.
 (i) If an Employee fails to comply with the requirements of
Section C1(a) through Section C1(g), the Company may cancel any outstanding Awards and recover from the Employee (1) the Amount (as that term is defined in Section C7(a) below) of any gain realized on Stock Options that the Employee
exercised, as of the date exercised, (2) the Amount of any payments received by the Employee for Portfolio Grant Awards, Performance Grant Awards or other Awards granted under the Plan and (3) the Number (as that term is defined in
Section C7(d) below) of shares of stock whose restrictions lapsed (or the value of the Number of such shares of stock at the time the restrictions lapsed) pursuant to an award of Restricted Stock or Restricted Stock Units or other Award, during
the 24-month period preceding the Employee’s last day of active employment. 

  
 Page 23 of 26 

 (ii) If an Employee fails to comply with the requirements of Section C1(a) through
Section C1(g), the Employee must and agrees to repay the Company, upon demand by the Company, in accordance with the terms of this Section C2, and the Company shall be entitled, to the extent and in the manner permitted by the 409A Policy,
to set-off against the amount of any such repayment obligation against any amount owed, from any source, to the Employee by the Company or its Affiliates. 
 (b) Other Remedies.    The remedy provided pursuant to Section C2(a) shall be without prejudice to the Company’s right to recover any losses resulting from a violation of this
Appendix C and shall be in addition to whatever other remedies the Company may have, at law or equity, for violation of the terms of this Appendix C. 
 Section C3. Compensation Band Changes.    If the Company changes its current system of classifying employees in compensation bands and management tiers,
the references to Bands 50, 60 and 70, and Executive Officers in this Appendix C will be construed to mean the compensation level(s) and management tiers in the new or revised system that, in the Company’s discretion, most closely
approximates these bands and management tiers under the current system. 
 Section C4. Involuntary
Terminations.    This Appendix C will not apply to employees of the Company or its Affiliates who enter into a severance agreement with the Company or its Affiliates or other involuntary terminations as determined by
the Company (excluding terminations covered by Section C1(e)). 
 Section C5. Court
Modification.    If any term of this Appendix C is determined by a court of competent jurisdiction not to be enforceable in the manner set forth in this Appendix C, such term shall be enforceable to the maximum
extent possible under applicable law and such court shall reform such term to make it enforceable. 

Section C6. Waivers.    The failure of the Company to enforce at any time any term of
this Appendix C shall not be construed to be a waiver of such term or of any other term. Any waiver or modification of the terms of this Appendix C will only be effective if reduced to writing and signed by both the Employee and the
President or Chief Executive Officer of the Company. 
 Section C7.
Definitions.    As used in this Appendix C, the following terms will have the respective meanings set forth below. 
 (a) “Amount” means the gross amount, before deduction of applicable taxes or other amounts, and includes the gross amount of any dividends or dividend equivalents paid to the Employee on awards of
Restricted Stock or Restricted Stock Units. 
 (b) “Award” means a Performance Grant Award, Portfolio Grant Award,
Restricted Stock, Restricted Stock Unit, Stock Option or other award issued under the Plan. 

  
 Page 24 of 26 

 (c) “Entity” or “Entities” mean any corporation, partnership,
association, joint venture, trust, government, governmental agency or authority, person or other organization or entity. 
 (d)
“Number” means the total number of shares of stock, before reduction for the payment of applicable taxes or other amounts, and includes the total number of any shares of stock paid to the Employee on awards of Restricted Stock or
Restricted Stock Units. 
 (e) “Performance Grant Award” means a performance grant award issued under the Plan, and
includes the annual bonus provided to Executive Officers. 
 (f) “Portfolio Grant Award” means a portfolio grant award
issued under the Plan. 
 (g) “Restricted Stock,” “Restricted Stock Unit” and “Stock
Option” have the respective meanings given such terms in the Plan. 

*        *        *        
*        * 

  
 Page 25 of 26 

 AMERICAN EXPRESS COMPANY 

2016 INCENTIVE COMPENSATION PLAN 
  

 

[                     ] RESTRICTED STOCK UNIT
AWARD AGREEMENT (BAND 99) 
  
  

SCHEDULE A 
 PERFORMANCE
REQUIREMENT 
 Performance Requirement: 
 [                     ] 
 Performance Period: 

[                     ] 

Earned Shares: 

[                     ] 

RSU Payout Percentage: 

[                     ] 

Definitions: 

[                     ] 

*        *        *        
*        * 

  
 Page 26 of 26

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