Document:

EX-10.2

 Exhibit 10.2 

June 29, 2015 
 Geoff Walker 

Dear Geoff, 
 Mattel Sales Corporation (the “Company”)
is pleased to extend you an offer for the position of Executive Vice President Commercial – North America at the Business Unit Leadership job level located at Company Headquarters in El Segundo, California, and to outline the terms surrounding
your transfer effective June 8, 2015. 
 SALARY 

Your annualized base salary will remain at $530,000, payable on a bi-weekly basis, less applicable federal and state taxes and other required withholdings.

 BONUS – MATTEL INCENTIVE PLAN 
 You will
continue to be eligible to participate in the Mattel Incentive Plan (MIP) at a target of 70% and a maximum of 140%. 
 LONG-TERM INCENTIVE PROGRAM

 You will continue to be eligible to participate in the 2014 – 2016 Long-Term Incentive Program (LTIP) at a target of $1,000,000. 

SPECIAL MOBILITY BONUS 
 You will receive a special
mobility bonus in the amount of $200,000, less applicable federal and state taxes and other required withholdings, to assist with your relocation to Company Headquarters in El Segundo, California, to be paid within 30 days of your transfer date.

 With respect to this special mobility bonus, if within two years of your transfer date, you choose to voluntarily terminate your employment with the
Company or you are discharged for “cause” as defined below, you will be required to repay this amount in full within 30 days of your termination date. 

SPECIAL HOME SALE ASSISTANCE 
 If a loss is incurred on
the sale of your home in Buffalo, New York, you will receive reimbursement of up to $200,000, less applicable federal and state taxes and other required withholdings. 

With respect to this special home sale assistance, if within two years of the payment date, you choose to voluntarily terminate your employment with the
Company or you are discharged for “cause” as defined below, you will be required to repay this amount in full within 30 days of your termination date. 

 RELOCATION ASSISTANCE 

The Company will provide services to assist you with your move to your work location in El Segundo, California. These services may include travel, temporary
accommodations, shipment of household goods, expense reimbursement, etc., in accordance with the Mattel Relocation Program. (Summary is attached). 
 With
respect to relocation services, if within one year of your relocation date, you choose to voluntarily terminate your employment with the Company, or you are discharged for “cause” as defined below, you agree to reimburse the Company within
30 days of your termination date for any relocation expenses incurred by the Company on your behalf. 
 For purposes of the repayment of relocation
expenses, special mobility bonus, special home sale assistance, and without altering the at-will employment offered by the Company, “cause” shall mean the Company’s good faith belief that you: (i) neglected significant duties you
were required to perform or violated a material Company policy, rule or guideline; (ii) engaged in an act of dishonesty, fraud, misrepresentation or other act of moral turpitude; (iii) engaged in an act or omission in the course of your
employment which constitutes gross negligence; or (iv) willfully failed to obey a lawful direction of the Board or the Company. 
 STOCK –
ANNUAL EQUITY GRANT 
 You will continue to be eligible to receive an annual equity grant. Typically, annual equity grants are made around August 1
of each year. Your annual equity grant recommendation may vary each year and will be submitted to the Compensation Committee of the Board of Directors for approval. Currently, the Company’s equity portfolio approach encompasses two grants: RSUs
and stock options. 
 CAR ALLOWANCE 
 As an executive,
you will continue to be eligible to receive a monthly automobile allowance in the amount of $2,000 for all your automobile expenses, payable on a biweekly basis, less applicable federal and state taxes and other required withholdings, upon the
end of any rental car use. The car allowance is intended to cover all automobile expenses including mileage, gasoline, maintenance and insurance. 

DEFERRED COMPENSATION 
 As a U.S. executive, you will
continue to be eligible to participate in the Company’s Deferred Compensation Plan. Under this plan, you may elect to defer a portion of your salary or annual MIP bonus, with various investment and payment options available. 

FINANCIAL COUNSELING 
 As a senior executive, you will
continue to be eligible to receive financial counseling services from The Ayco Company paid for by Mattel, subject to imputed income and tax, or alternatively, you may elect to receive reimbursement from Mattel of up to $10,000 per year, less
applicable taxes, for financial counseling services through a company of your choice. 
 STOCK OWNERSHIP 

As a Business Unit Leadership level executive, you will continue to be subject to stock ownership guidelines established as a multiple of base salary. Your
stock ownership requirement is two times your base salary. You will have until December 31, 2018 to attain your targeted level of ownership. 

HEALTH & WELFARE 
 You will continue to
participate in Mattel’s benefit programs. 

 VACATION 
 As
an executive, you may continue to take an appropriate amount of paid vacation, subject to the needs of the business and management’s discretion. You do not have a specified vacation award, and therefore vacation tracking in Mattel’s E-Time
system is not necessary. For leaves of absence, different practices apply. 
 GENERAL INFORMATION 

This offer letter is only a summary of your compensation and benefits. More details and plan provisions are provided in our Summary Plan
Descriptions, Plan Documents or program summaries, which govern and are subject to periodic modification and revision. 
 This offer letter supersedes any
prior communications you may have had with Company employees and/or representatives, and reflects the entire understanding between you and the Company, regarding the terms of employment being offered to you. No Company employee and/or representative
has the authority to make any promise related to this offer that is not contained in this letter and, by signing below, you affirm that you have not signed this offer letter in reliance on any such promise. By signing below, you confirm that your
negotiation, acceptance and/or performance of the terms of this offer does not violate any contract or arrangement you may have with any third party. If the Company (in its sole discretion) determines that your confirmation may be inaccurate
for any reason, it can be a basis for terminating your employment “with cause.” By signing below, you agree to indemnify the Company against any claims that may be brought against the Company relating to any allegation that you
violated any contract or arrangement between you and such third party. 
 The terms of this offer letter do not imply employment for a definite period. This
means that your employment will be at-will, and either you or the Company can terminate it at any time, for any or no reason, with or without cause or advance notice. This at-will relationship cannot be changed by any statement, act, series of
events, or pattern of conduct and can only be changed by an express, written agreement signed by the Chief Human Resources Officer or Chief Executive Officer of Mattel, Inc. 

Also, please note that as an executive of the Company, and an officer, you will continue to be considered an Insider for purposes of Mattel’s Insider
Trading Policy and are subject to window period restrictions. This means that you are restricted to conducting transactions in Mattel stock ONLY during open window periods. Examples of such transactions include sales of shares underlying a stock
option (including sales of shares to generate cash to pay the exercise price) and changes in elections in the Mattel stock fund of Mattel’s 401(k) plan. For more information about this Policy and its restrictions, you can access and/or obtain a
copy of the Policy on Mattel’s Code of Conduct website. 
 Geoff, we are sincerely pleased to provide you with this letter detailing the terms of this
new assignment and look forward to a mutually beneficial arrangement. Please review the terms contained herein and sign below to indicate your understanding and concurrence. Also, note that I have enclosed two copies of the letter so that you can
return a signed copy to me and retain one for your records. If I can answer any questions, please do not hesitate to call me. 

 Sincerely, 
 /s/
Alan Kaye 
 Alan Kaye 
 Executive Vice President and Chief
Human Resources Officer 
  

					
	Agreed and accepted:	 		 	
			
	 /s/ Geoff Walker
  
	 		 	 8 -5-15

 

	  
 Geoff Walker
	 		 	  
 DateEX-10.3

 Exhibit 10.3 

GRANT AGREEMENT FOR 

RESTRICTED STOCK UNITS TO OUTSIDE DIRECTORS UNDER THE 

MATTEL, INC. AMENDED AND RESTATED 

2010 EQUITY AND LONG-TERM COMPENSATION PLAN 

This is a Grant Agreement between Mattel, Inc. (“Mattel”) and the Outside Director of Mattel (the “Holder”)
named in the Notice of Grant of Restricted Stock Units (the “Notice”), which Notice is deemed a part of this Grant Agreement. 

Recitals 
 Mattel has adopted the Amended
and Restated 2010 Equity and Long-Term Compensation Plan (the “Plan”) for the granting to selected service providers of awards based upon shares of Common Stock of Mattel. This Grant Agreement is being executed pursuant to
Section 14 of the Plan. Capitalized terms used herein without definition shall have the meanings assigned to such terms in the Plan. 
 Restricted
Stock Units 
 1.    Grant. Effective as of the grant date specified in the Notice (the “Grant
Date”), Mattel grants to the Holder the number of restricted stock units based on shares of Common Stock set forth in the Notice (the “Units”), subject to adjustment, forfeiture and the other terms and conditions set forth
in the Notice and this Grant Agreement. Mattel and the Holder acknowledge that the Units (i) are being granted hereunder in exchange for the Holder’s agreement to provide services to the Company after the Grant Date, for which the Holder
will otherwise not be fully compensated, and which Mattel deems to have a value at least equal to the aggregate par value of the shares, if any, that the Holder may become entitled to receive under this Grant Agreement, and (ii) will, except as
provided in Section 3 hereof, be forfeited by the Holder if the Holder’s Severance occurs before they vest, as more fully set forth in this Grant Agreement and the Plan. 

2.    Normal Vesting. Except as otherwise provided in Section 3 hereof, the Units shall vest in the
time and manner set forth in the Notice. 
 3.    Consequences of the Holder’s Severance. The
consequences of the Holder’s Severance shall be as follows: 
 (i) in the case of the Holder’s Severance for Cause prior to the
Settlement Date, all of the Units (whether vested or unvested, or deferred pursuant to a deferral election made by the Holder in accordance with Section 5 hereof) shall be forfeited as of the date of the Severance; 

(ii) in the case of the Holder’s Severance as a result of Retirement, Disability or death, the Units that have not yet vested shall vest
as of the date of the Severance; and 
 (iii) in all other cases, the Units that have not yet vested shall be forfeited as of the date of
the Severance. 

 4.    Consequences of Vesting and Payout of Units. 

(i) Subject to any deferral election made by the Holder in accordance with Section 5 hereof, upon the applicable Settlement Date (as
specified in Section 4(ii) hereof) of a vested Unit, Mattel shall settle each Unit by delivering to the Holder one share of Common Stock for each Unit that so vested. Mattel shall (A) issue or cause to be delivered to the Holder (or the
Holder’s Heir, as defined below, if applicable) one or more stock certificates representing such shares, or (B) cause a book entry for such shares to be made in the name of the Holder (or the Holder’s Heir, if applicable). In the case
of the Holder’s death, the Common Stock to be delivered in settlement of vested Units shall be delivered to the Holder’s beneficiary or beneficiaries (as designated in the manner determined by the Committee), or if no beneficiary is so
designated or if no beneficiary survives the Holder, then the Holder’s administrator, executor, personal representative, or other person to whom the Units are transferred by means of the Holder’s will or the laws of descent and
distribution (such beneficiary, beneficiaries or other person(s), the “Holder’s Heir”). 
 (ii) Mattel believes that
the Units constitute “deferred compensation” within the meaning of Section 409A of the Code (“Section 409A”). To the extent that the Units are not exempt from the provisions of Section 409A, this Grant Agreement
shall be interpreted in a manner consistent with complying with such provisions. If Mattel determines after the Grant Date that an amendment to this Grant Agreement is necessary or advisable so that the Units comply with Section 409A, it may
make such amendment, effective as of the Grant Date or at any later date, without the consent of the Holder. Consistent with the intent to comply with Section 409A to the extent applicable, the following shall apply: 

A. Subject to any deferral election made by the Holder in accordance with Section 6 hereof, the “Settlement
Date” with respect to any vested Unit shall be the first to occur of: 
 1. the third anniversary of the Grant
Date; 
 2. the date of the Holder’s Severance (other than a Severance for Cause); provided that if the Holder is a
“specified employee” (within the meaning of Section 409A(a)(2)(B)(i) of the Code) (a “Specified Employee”) as of the date of the Holder’s Severance, the Settlement Date shall be the earlier of (a) the date
that is six calendar months following the Holder’s Severance or (b) the date of the Holder’s death; 
 3.
the date of the Holder’s death; 
 4. the date of the Holder’s Disability, if such Disability qualifies the
Holder as “disabled” within the meaning of Section 409A(a)(2)(A)(ii) of the Code, and 
 5. the date of a
Change in Control that qualifies as an event described in Section 409A(a)(2)(A)(v) of the Code. 

  
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 The determination of whether the Holder is a Specified Employee shall be made by
Mattel pursuant to the methodology adopted by Mattel in accordance with Section 409A, which methodology may be amended or replaced at any time and from time to time by Mattel, as and to the extent permitted by Section 409A. 

B. If a Change in Control occurs that does not qualify as an event described in Section 409A(a)(2)(A)(v) of the Code, the
amount that shall be provided on the applicable Settlement Date (if such Settlement Date occurs following such Change in Control) in settlement of any Unit that vested as a result of such Change in Control shall be a cash amount that equals the Fair
Market Value of a share of Common Stock as of the date of such Change in Control, plus interest thereon through the Settlement Date at the federal funds rate (as reported in the Wall Street Journal or any other information source reasonably selected
by the Committee), compounded daily. 
 C. Under no circumstances may this Grant Agreement be amended or terminated in a
manner that violates Section 409A. 
 5.    Deferral Election. The Holder may elect to defer the
Settlement Date (and, therefore, the receipt of any shares of Common Stock that otherwise would have been delivered to the Holder on the Settlement Date specified in Section 4(ii)(A) hereof in accordance with the terms and conditions of the
Mattel, Inc. Deferred Compensation Plan for Non-Employee Directors (the “Director DCP”) and Section 409A. If the Holder makes a timely and valid election under the Director DCP, settlement of each deferred Unit shall be made
pursuant to the terms of the Director DCP. 
 6.    Compliance with Law. 

(i) No shares of Common Stock shall be issued and delivered pursuant to a vested Unit unless and until all applicable registration
requirements of the Securities Act of 1933, as amended, all applicable listing requirements of any national securities exchange on which the Common Stock is then listed, and all other requirements of law or of any regulatory bodies having
jurisdiction over such issuance and delivery, shall have been complied with and are in full force. In particular, the Committee may require certain investment (or other) representations and undertakings in connection with the issuance of securities
in connection with the Plan in order to comply with applicable law. 
 (ii) If any provision of this Grant Agreement is determined to be
unenforceable or invalid under any applicable law, such provision will be applied to the maximum extent permitted by applicable law, and shall automatically be deemed amended in a manner consistent with its objectives to the extent necessary to
conform to any limitations required under applicable law. Furthermore, if any provision of this Grant Agreement is determined to be illegal under any applicable law, such provision shall be null and void to the extent necessary to comply with
applicable law, but the other provisions of this Grant Agreement shall remain in full force and effect. 

  
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 7.    Assignability. The Units shall not be transferable
by the Holder, other than upon the death of the Holder in accordance with such beneficiary designation procedures or other procedures as Mattel may prescribe from time to time. 

8.    Certain Corporate Transactions. In the event of certain corporate transactions, the Units shall be
subject to adjustment as provided in Section 17 of the Plan. In addition, in the event of a Change in Control, the Units shall be subject to the provisions of Section 18 of the Plan. 

9.    No Additional Rights.  

(i) Neither the granting of the Units nor their vesting or settlement shall (a) affect or restrict in any way the power of Mattel to take
any and all actions otherwise permitted under applicable law, (b) confer upon the Holder the right to continue performing services for the Company, or (c) interfere in any way with the right of the Company to terminate the services of the
Holder at any time, with or without Cause. 
 (ii) The Holder acknowledges that (a) this is a one-time grant, (b) the making of
this grant does not mean that the Holder will receive any similar grant or grants in the future, or any future grants at all, and (c) this grant does not in any way entitle the Holder to future grants under the Plan, if any, and Mattel retains
sole and absolute discretion as to whether to make any additional grants to the Holder in the future and, if so, the quantity, terms, conditions and provisions of any such grants. 

(iii) Without limiting the generality of subsections (i) and (ii) immediately above, if there is a Severance of the Holder, the
Holder shall not be entitled to any compensation for any loss of any right or benefit or prospective right or benefit relating to the Units or under the Plan which he or she might otherwise have enjoyed, whether such compensation is claimed by way
of damages for wrongful termination of services or other breach of contract or by way of compensation for loss of office or otherwise. 

10.    Rights as a Stockholder. Neither the Holder nor the Holder’s Heir shall have any rights as a
stockholder with respect to any shares represented by the Units unless and until shares of Common Stock have been issued in settlement thereof. 

11.    Data Privacy Consent. By accepting the grant of the Units, the Holder hereby agrees and consents to:

 (i) the collection, use, processing and transfer by the Company of certain personal information about the Holder (the
“Data”); 
 (ii) any members of the Company transferring Data amongst themselves for the purposes of implementing,
administering and managing the Plan; 
 (iii) the use of such Data by any such person for such purposes; and 

(iv) the transfer to and retention of such Data by third parties in connection with such purposes. 

  
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 For the purposes of subsection (i) above, “Data” means the Holder’s name,
home address and telephone number, date of birth, any tax or other identification number, details of all rights to acquire Common Stock granted to the Holder and of Common Stock issued or transferred to the Holder pursuant to the Plan. 

12.    Compliance with Plan. The Units and this Grant Agreement are subject to, and Mattel and the Holder
agree to be bound by, all of the terms and conditions of the Plan as it shall be amended from time to time, and the rules, regulations and interpretations relating to the Plan as may be adopted by the Committee, all of which are incorporated herein
by reference. No amendment to the Plan or the Grant Agreement shall adversely affect the Units or this Grant Agreement without the consent of the Holder. In the case of a conflict between the terms of the Plan and this Grant Agreement, the terms of
the Plan shall govern and this Grant Agreement shall be deemed to be modified accordingly. 
 13.    Governing
Law. The interpretation, performance and enforcement of this Grant Agreement shall be governed by the laws of the State of Delaware without regard to principles of conflicts of laws. The Holder may only exercise his or her rights in respect
of the Plan, the Grant Agreement and these Units to the extent that it would be lawful to do so, and Mattel would not, in connection with this Grant Agreement, be in breach of the laws of any jurisdiction to which the Holder may be subject. The
Holder shall be solely responsible to seek advice as to the laws of any jurisdiction to which he or she may be subject, and a participation by a Holder in the Plan shall be on the basis of a warranty by the Holder that the Holder may lawfully so
participate without Mattel being in breach of the laws of any such jurisdiction. 

  
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