Document:

Bank One Corp. stock performance plan

Exhibit 10(A) 
 
 
BANK ONE CORPORATION

STOCK PERFORMANCE PLAN 
As Amended and Restated Effective February 20, 2001 
 

BANK ONE CORPORATION 
STOCK PERFORMANCE PLAN 
As Amended and Restated
Effective February 20, 2001 
 
1.    Purpose and History 
 
The purpose of the BANK ONE CORPORATION Stock Performance Plan (the “Plan”) is to provide incentives and rewards for selected employees of the Corporation and its Subsidiaries (i) to support the execution of the
Corporation’s business and human resources strategies and the achievement of its goals and (ii) to associate the interests of Employees with those of the Corporation’s stockholders. The Plan was originally approved by the stockholders of
First Chicago NBD Corporation on May 10, 1996, assumed by Bank One Corporation on October 2, 1998 and subsequently amended from time to time. The Plan as set forth herein is an amendment and restatement, effective February 20, 2001, of the Bank One
Corporation Stock Performance Plan. 
 
2.    Definitions 
 

	(a)	 	“Award” includes, without limitation, stock options (including incentive stock options under Section 422 of the Code), stock appreciation rights,
performance share or unit awards, dividend or equivalent rights, stock awards, restricted share or unit awards, or other awards that are valued in whole or part by reference to, or are otherwise based on, the Corporation’s Common Stock
(“other Common Stock-based Awards”), all on a stand alone, combination or tandem basis, as described in or granted under this Plan. 

 

	(b)	 	“Award Summary” means a written summary setting forth the terms and conditions of each Award made under this Plan. 

 

	(c)	 	“Board” means the Board of Directors of the Corporation, excluding any member who is an officer or Employee of the Corporation or who otherwise would not
be considered a “Non-Employee Director” within the meaning of Rule 16b-3 of the Securities and Exchange Commission. 

 

	(d)	 	“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

 

	(e)	 	“Committee” means the Organization, Compensation and Nominating Committee of the Board or such other committee of the Board as may be designated by the
Board from time to time to administer this Plan. 

 

	(f)	 	“Common Stock” means the Common Stock, par value $.01 per share, of the Corporation. 

 

	(g)	 	“Corporation” means BANK ONE CORPORATION, a Delaware corporation. 

 

	(h)	 	“Employee” means an employee of BANK ONE CORPORATION or a Subsidiary. 

 

	(i)	 	“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

 

	(j)	 	“Fair Market Value” means the closing price of Common Stock as listed on the New York Stock Exchange Composite Transaction Tape for the trading day
immediately preceding the valuation date (or, if no closing price is listed for Common Stock on such date, the next immediately preceding date for which a closing price is listed); provided, however, that the Committee may modify the definition of
Fair Market Value with respect to any particular Award. 

 

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	(k)	 	“Participant” means an Employee who has been granted an Award under the Plan. 

 

	(l)	 	“Plan” means the BANK ONE CORPORATION Stock Performance Plan. 

 

	(m)	 	“Plan Year” means a twelve-month period beginning with January 1 of each year. 

 

	(n)	 	“Subsidiary” means any corporation or other entity, whether domestic or foreign, in which the Corporation has or obtains, directly or indirectly, an
ownership interest of at least 50% by reason of stock ownership or otherwise. 

 
3.    Eligibility 
 
Any Employee selected by the Committee is eligible to receive an Award. In addition, the Committee may select those former Employees who have a consulting arrangement with the Corporation or a
Subsidiary whom the Committee determines have a significant responsibility for the success and future growth and profitability of the Corporation. 
 
4.    Plan Administration 
 

	(a)	 	Except as otherwise determined by the Board, the Plan shall be administered by the Committee. The Board, or the Committee to the extent determined by the Board,
shall periodically make determinations with respect to the participation of Employees in the Plan and, except as otherwise required by law or this Plan, the grant terms of Awards including vesting schedules, price, length of relevant performance,
restriction or option period, dividend rights, post-retirement and termination rights, payment alternatives such as cash, stock, contingent awards or other means of payment consistent with the purposes of this Plan, and such other terms and
conditions as the Board or the Committee deems appropriate. 

 

	(b)	 	The Committee shall have authority to interpret and construe the provisions of the Plan and the Award Summaries and to make determinations pursuant to any Plan
provision or Award Summary. Any such interpretation or determination shall be final and binding on all parties. No member of the Committee shall be liable for any action or determination made in good faith, and the members shall be entitled to
indemnification and reimbursement in the manner provided in the Corporation’s Restated Certificate of Incorporation, as it may be amended from time to time. 

 

	(c)	 	The Committee may designate persons other than its members to carry out its responsibilities under such conditions or limitations as it may set, other than its
authority with regard to Awards granted to Employees who are officers or directors of the Corporation for purposes of Section 16 of the Exchange Act. 

 

	(d)	 	The Committee shall have the authority at any time prior to a Change of Control (as defined in Section 12 below) to cancel Awards for reasonable cause and to provide
for the conditions and circumstances under which Awards shall be forfeited. 

 
5.    Stock Subject to the Provisions of this Plan 
 

	(a)	 	The stock subject to the provisions of this Plan shall be shares of authorized but unissued Common Stock and shares of Common Stock held as treasury stock, subject
to adjustment in accordance with the provisions of Section 10, and subject to Section 5(b) below, the total number of shares of Common Stock available for grants of Awards in any Plan Year shall not exceed 2% of the outstanding

 

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Common Stock as reported in the Corporation? Annual Report on Form 10-K for the fiscal
year ending immediately prior to such Plan Year. 
 

	(b)	 	There shall be available for Awards under the Plan in any Plan Year, in addition to shares available for grant under paragraph (a) of this Section 5, all of the
following: (i) any unused portion of the limit set forth in paragraph (a) of this Section 5 for any prior Plan Year; (ii) shares represented by Awards which are canceled, surrendered, forfeited, terminated, paid in cash or expire unexercised; (iii)
the excess amount of variable Awards which become fixed at less than their maximum limitations; (iv) any shares of Common Stock that are used to pay the purchase price or any withholding taxes associated therewith upon the exercise of an option, to
the extent such shares result in the grant of a replacement option; provided, however, that the total number of shares of Common Stock which may be available for Awards under the Plan Year may not exceed 5% of the outstanding Common Stock as
reported in the Corporation’s Annual Report on Form 10-K for the fiscal year ending immediately prior to the applicable Plan Year. 

 

	(c)	 	The exercise of an option or stock appreciation right granted in tandem therewith will reduce proportionately the number of shares subject to the tandem stock
appreciation right or option. In addition, any shares ceasing to be subject to the related option or right because of such reduction shall not increase the number of shares of Common Stock available for future Awards granted under the Plan. The
grant of a performance or restricted share unit Award shall be deemed to be equal to the maximum number of shares which may be issued under the Award. Where the value of an Award is variable on the date it is granted, the value shall be deemed to be
the maximum limitation of the Award. Awards payable solely in cash will not reduce the number of shares available for Awards granted under the Plan. 

 
6.    Awards Under this Plan 
 
As the Board or Committee may determine, the following types of Awards and other Common Stock-based Awards
may be granted under this Plan on a stand alone, combination or tandem basis: 
 

	(a)	 	Stock Option.    A right to buy a specified number of shares of Common Stock at a fixed exercise price during a specified time, all as the
Committee may determine; provided that the exercise price of any option shall not be less than 100% of the Fair Market Value of the Common Stock on the date of grant of such Award; provided further that no more than 10,000,000 stock options and
stock appreciation rights in the aggregate (except that a stock option issued in tandem with a stock appreciation right shall be counted as one stock option for purposes of this maximum) may be granted to any Employee during any five-year period.

 

	(b)	 	Incentive Stock Option.    An Award in the form of a stock option which shall comply with the requirements of Section 422 of the Code or
any successor Section of the Code as it may be amended from time to time. Subject to adjustment in accordance with the provisions of Section 10, the aggregate number of shares which may be subject to incentive stock option Awards under this Plan
shall not exceed 16,200,000 shares, subject in any Plan Year to the limitations of Section 5 of this Plan. 

 

	(c)	 	Stock Appreciation Right.    A right to receive the excess of the Fair Market Value of a share of Common Stock on the date the stock
appreciation right is exercised over the Fair Market Value of a share of Common Stock on the date the stock appreciation right was granted; provided that no more than 10,000,000 stock options and stock appreciation rights in the aggregate (except
that a stock appreciation right issued in tandem with a stock option shall be counted as one stock option for purposes of this maximum) may be granted to any Participant during any five-year period. 

 

	(d)	 	Restricted and Performance Share.    A transfer of Common Stock to a Participant, subject to such restrictions on transfer or other
incidents of ownership, or subject to specified performance 

 

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standards, for such periods of time as the Committee may determine; provided that no more
than 5,000,000 performance shares (determined based upon the maximum number of shares of Common Stock that may be earned) may be granted to any Employee during any five-year period. 
 

	(e)	 	Restricted and Performance Share Unit.    A fixed or variable share or dollar-denominated unit subject to conditions of vesting,
performance and time of payment as the Committee may determine, which are valued at the Committee’s discretion in whole or in part by reference to, or otherwise based on, the Fair Market Value of Common Stock and which may be paid in Common
Stock, cash or a combination of both. 

 

	(f)	 	Dividend or Equivalent Right.    A right to receive dividends or their equivalent in value in Common Stock, cash or in a combination of
both with respect to any new or previously existing Award. 

 

	(g)	 	Stock Award.    An unrestricted transfer of ownership of Common Stock which may only be made to Employees other than Employees who are
officers or directors of the Corporation for purposes of Section 16 of the Exchange Act. 

 

	(h)	 	Other Stock-Based Awards.    Other Common Stock-based Awards which are related to or serve a similar function to those Awards set forth in
this Section 6. 

 
No Common Stock
shall be issued pursuant to any Award unless consideration at least equal to the par value thereof has been received by the Corporation in the form of cash, services rendered or property. 
 
The Committee may from time to time, establish performance criteria with respect to an Award. The performance
criteria or standards may be based upon (i) earnings per share, (ii) return on average assets or (iii) return on average equity. Performance standards shall be determined by the Committee in its sole discretion and may be absolute in their terms or
measured against or in relationship to other companies comparably, similarly or otherwise situated and may be based on or adjusted for any other objective goals, events, or occurrences established by the Committee, including earnings, earnings
growth, revenues, expenses, stock price, market share, charge-offs, loan loss reserves, reductions in non-performing assets, return on assets, return on equity or return on investment, regulatory compliance, satisfactory internal or external audits,
improvement or financial ratings, achievement of balance sheet or income statement objectives, extraordinary charges, losses from discontinued operations, restatements and accounting changes and other unplanned special charges such as restructuring
expenses, acquisition expenses including goodwill, unplanned stock offerings and strategic loan loss provisions. Such performance standards may be particular to a line of business, subsidiary or other unit or may be based on the performance of the
Corporation generally. 
 
7.    Award
Summaries 
 
Each Award under the Plan shall be
evidenced by an Award Summary. Delivery of an Award Summary to each Participant shall constitute an agreement, subject to Section 4(d) and Section 9 hereof, between the Corporation and the Participant as to the terms and conditions of the Award.

 
8.    Other Terms and Conditions

 

	(a)	 	Assignability.    Except to the extent permitted by Rule 16b-3 under the Exchange Act, or Section 422 of the Code, and as otherwise
provided in the Award Summary, no Award shall be assignable or transferable except by will, the laws of descent and distribution or pursuant to a qualified domestic relations order as defined under the Code, and during the lifetime of a Participant,
the Award shall be 

 

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exercisable only by the Participant or such Participant’s guardian, legal
representative or assignee under a qualified domestic relations order. In the event that any Award is transferred as permitted by the preceding sentence, the permitted transferee thereof shall be deemed the Award recipient hereunder. Stock options,
incentive stock options and stock appreciation rights shall be exercisable during the transferee’s lifetime only by the Award recipient or by the Award recipient’s guardian, legal representative or similar person. Notwithstanding the
foregoing, effective May 15, 2001, Awards under the Plan shall not be assignable pursuant to a qualified domestic relations order, nor shall an assignee under a qualified domestic relations order have any right to exercise an Award hereunder.

 

	(b)	 	Termination of Employment.    The Committee shall determine the disposition of the grant of each Award in the event of the retirement,
disability, death or other termination of a Participant’s employment. 

 

	(c)	 	Rights As A Stockholder.    A Participant shall have no rights as a stockholder with respect to shares covered by an Award until the date
the Participant or his nominee, or guardian or legal representative becomes the holder of record. No adjustment will be made for dividends or other rights for which the record date is prior to such date. 

 

	(d)	 	No Obligation To Exercise.    The grant of an Award shall impose no obligation upon Participant to exercise the Award.

 

	(e)	 	Payments By Participants.    The Committee may determine that Awards for which a payment is due from a Participant may be payable: (i) in
U.S. dollars by personal check, bank draft or money order payable to the order of the Corporation, by money transfers or direct account debits; (ii) through the delivery or deemed delivery based on attestation to the ownership of shares of Common
Stock with a Fair Market Value equal to the total payment due from the Participant; (iii) by a combination of the methods described in (i) and (ii) above; or (iv) by such other methods as the Committee may deem appropriate.

 

	(f)	 	Withholding.    Except as otherwise provided by the Committee, (i) the deduction of withholding and any other taxes required by law will
be made from all amounts paid in cash and (ii) in the case of payments of Awards in shares of Common Stock, the Participant shall be required to pay the amount of any taxes required to be withheld prior to receipt of such stock, or alternatively, a
number of shares the Fair Market Value of which equals the amount required to be withheld may be deducted from the payment. The Committee may provide for shares of Common Stock to be withheld for tax withholding purposes in excess of the required
minimum amount but not in excess of a Participant’s maximum marginal tax rate. 

 

	(g)	 	Restrictions on Sale and Exercise.    With respect to Employees who are officers and directors of the Corporation for purposes of Section
16 of the Exchange Act, and if required to comply with rules promulgated thereunder, (i) no Award providing for exercise, a vesting period, a restriction period or the attainment of performance standards shall permit unrestricted ownership of Common
Stock by the Participant for at least six months from the date of grant, and (ii) Common Stock acquired pursuant to this Plan (other than Common Stock acquired as a result of the granting of a “derivative security” may not be sold for at
least six months after acquisition. 

 

	(h)	 	Designation of Beneficiaries.    Effective May 15, 2001, a Participant may designate a beneficiary to receive outstanding Awards upon the
Participant’s death. If a Participant fails to designate a beneficiary, Awards that are outstanding at the time of the Participant’s death shall be transferred to the Participant’s surviving spouse (to the extent the Awards do not
expire upon the Participant’s death). If the Participant does not have a surviving spouse, Awards shall be transferred to the Participant’s estate. 

 

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9.    Amendments 
 
The Board may amend, suspend or discontinue the Plan at any time, and prior to a Change of Control (as
defined in Section 12(b)) amend any or all Award Summaries granted under the Plan to the extent permitted by law. Any such action of the Board may be taken without the approval of the Corporation’s stockholders, but only to the extent that such
stockholder approval is not required by applicable law or regulation, including specifically Rule 16b-3 of the Securities and Exchange Commission. 
 
10.    Recapitalization 
 
The aggregate number of shares of Common Stock as to which Awards may be granted to Participants, the number of shares thereof covered by
each outstanding Award, and the price per share thereof in each such Award, shall all be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a subdivision or consolidation of shares or
other capital adjustment, or the payment of a stock dividend or other increase or decrease in such shares, effected without receipt of consideration by the Corporation, or other change in corporate or capital structure; provided, however, that any
fractional shares resulting from any such adjustment shall be eliminated. The Committee may also make the foregoing changes and any other changes, including changes in the classes of securities available, to the extent it is deemed necessary or
desirable to preserve the intended benefits of the Plan for the Corporation and the Participants in the event of any other reorganization, recapitalization, merger, consolidation, spinoff, extraordinary dividend or other similar transaction.

 
11.    No Right to Employment

 
No person shall have any claim or right to
be granted an Award, and the grant of an Award shall not be construed as giving a Participant the right to be retained in the employ of the Corporation or a Subsidiary. Further, the Corporation and each Subsidiary expressly reserve the right at any
time to dismiss a Participant free from any liability, or any claim under the Plan, except as provided herein or in any Award Summary issued hereunder. 
 
12.    Change of Control 
 

	(a)	 	A “Change of Control” of the Corporation shall be deemed to have occurred in accordance with the Change of Control definition and standards adopted by the
Board from time to time. 

 

	(b)	 	The effect of a Change of Control on any and all Awards granted on or after November 1, 2000 that are outstanding as of the date such Change of Control occurs shall
be set forth in the applicable Award Summaries, as may be amended from time to time prior to the Change of Control. 

 

	(c)	 	Notwithstanding anything contained in the Plan or any Award Summary to the contrary, the effect of a Change of Control on any and all Awards granted before November
1, 2000 shall be determined in accordance with the terms of the Plan as in effect prior to November 1, 2000. 

 
13. Governing Law 
 
To the extent that federal laws do not otherwise control, the Plan shall be construed in accordance with and governed by the law of the
State of Delaware. 
 

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14.    Supplemental Plans 
 
The Board shall have the authority to adopt plans,
supplemental to this Plan, covering Employees residing outside the United States, including but not limited to the United Kingdom. 
 
15.    Savings Clause 
 
This Plan is intended to comply in all aspects with applicable law and regulation, including, with respect to those Employees who are
officers or directors for purposes of Section 16 of the Exchange Act, Rule 16b-3 of the Securities and Exchange Commission. In case any one or more of the provisions of this Plan shall be held invalid, illegal or unenforceable in any respect under
applicable law and regulation (including Rule 16b-3), the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and the invalid, illegal or unenforceable provision shall be deemed null
and void; however, to the extent permissible by law, any provision which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Plan to be construed in compliance with all applicable laws
(including Rule 16b-3) so as to foster the intent of this Plan. 
 
16.    Effective Date and Term 
 
The effective date of this Plan is May 10, 1996. The Plan shall remain in effect until May 10, 2006 or the date it is earlier terminated by the Board. 
 

8Bank One Corp. director stock plan

Exhibit 10(B) 
 
 
BANK ONE CORPORATION

DIRECTOR STOCK PLAN 
As Amended and Restated Effective February 1, 2003 
 
 

BANK ONE CORPORATION 
DIRECTOR STOCK PLAN 
As Amended and Restated
Effective February 1, 2003 
 
1.    Purpose
and History of the Plan 
 
The purpose of the
Bank One Corporation Director Stock Plan (the “Plan”) is to promote the long-term growth of Bank One Corporation by increasing the proprietary interest of non-employee directors in Bank One Corporation and to attract and retain highly
qualified and capable directors. The Plan was last restated effective April 1, 1999 and has since been amended from time to time. This amendment and restatement of the Plan is effective February 1, 2003. 
 
2.    Definitions 
 
Unless the context clearly indicates otherwise, the following
terms shall have the following meanings: 
 

	 	(a)	 	“Annual Cash Retainer” means the annual cash retainer fee payable during the Plan Year by the Corporation, or a subsidiary or affiliate thereof, to a
Director for his or her services as a Director. To the extent a Director is also entitled to receive an additional retainer as compensation for serving as the chairperson of a committee of the Board, “Annual Cash Retainer” shall include
such additional annual cash amount. 

 

	 	(b)	 	“Annual Stock Retainer” means the award of Stock or Stock Units made in accordance with Section 7 of the Plan. 

 

	 	(c)	 	“Award” means an award granted to a Director under the Plan in the form of Options, Shares, or Stock Units or any combination thereof.

 

	 	(d)	 	“Award Grant Date” means the date upon which an Award is granted to the Director. 

 

	 	(e)	 	“Award Summary” means a written summary setting forth the terms and conditions of an Award made under this Plan. 

 

	 	(f)	 	“Board” means the Board of Directors of the Corporation. 

 

	 	(g)	 	“Change of Control” means a change of control of the Corporation as defined by the Board from time to time. 

 

	 	(h)	 	“Committee” means the Organization and Compensation Committee of the Board, or such other committee of the Board as may be designated by the Board from
time to time to administer the Plan. 

 

	 	(i)	 	“Corporation” means Bank One Corporation, a Delaware Corporation, and its successors. 

 

	 	(j)	 	“Director” means a director serving on the Board who is not also an employee of the Corporation or any subsidiary or affiliate thereof.
“Director” shall also include a director serving on the board of directors of any subsidiary or affiliate of the Corporation, provided that (i) 

 

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	 	  	 	the director is not also an employee of the Corporation or any subsidiary or affiliate thereof, and (ii) the Board has approved adoption of the Plan by the
applicable subsidiary or affiliate. 

 

	 	(k)	 	“Fair Market Value” means the closing price of Common Stock as listed on the New York Stock Exchange Composite Transaction Tape for the trading day
immediately preceding the applicable valuation date (or, if no closing price is listed for Common Stock on such date, the next immediately preceding date for which a closing price is listed). 

 

	 	(l)	 	“Option” means an option to purchase Shares awarded under Section 9. Such option shall not be required or construed to satisfy the requirements of Section
422 of the Internal Revenue Code of 1986, as amended, or any successor law. 

 

	 	(m)	 	“Optionee” means a Director to whom an Option has been granted or, in the event of such Director’s death prior to the expiration of an Option, such
Director’s executor, administrator, beneficiary or similar person. 

 

	 	(n)	 	“Plan” means the Bank One Corporation Director Stock Plan, as amended and restated from time to time. 

 

	 	(o)	 	“Plan Year” means the twelve-month period from April 1 to March 31. 

 

	 	(p)	 	“Share” means a share of common stock, $.01 par value per share, of the Corporation. 

 

	 	(q)	 	“Stock Unit” means the right to receive a Share on a date elected by the Director pursuant to rules established by the Committee, as well as such dividend
or dividend equivalent rights as may be permitted hereunder. 

 
3.    Eligibility 
 
Directors shall be eligible to participate in the Plan in accordance with Sections 7, 8, 9 and 10 hereof. 
 
4.    Plan Administration 
 

	 	(a)	 	Administrator of Plan.    The Plan shall be administered by the Committee. 

 

	 	(b)	 	Authority of Committee.    The Committee shall have the sole and exclusive authority and discretion to (i) interpret and construe the Plan
and Award Summaries; (ii) adopt such rules and procedures as it shall deem necessary and advisable to implement and administer the Plan; and (iii) designate persons other than members of the Committee to carry out its responsibilities, subject to
such limitations, restrictions and conditions as the Committee, in its best judgment, may determine to be in the Corporation’s best interests and in accordance with the purposes of the Plan. 

 

	 	(c)	 	Determination of Committee.    A majority of the Committee shall constitute a quorum at any meeting of the Committee, and all
determinations of the Committee shall be made by a majority of its members. The Committee may make determinations under the Plan without prior notice and without a meeting, provided that such determination is made by written consent signed by all
members of the Committee. 

 

	 	(d)	 	Effect of Committee Determinations.    No member of the Committee or the Board shall be personally liable for any action or determination
with respect to the Plan, an 

 

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	 	  	 	Award, or the settlement of a dispute between a Director and the Corporation, provided that such action or determination is made in good faith. Any decision or
action of the Committee or the Board with respect to any Award or the administration or interpretation of the Plan shall be conclusive and binding upon all persons. 

 
5.    Shares Subject to the Plan 
 
Subject to adjustments as provided in Section 15, the aggregate number of Shares which may be issued pursuant
to Awards shall not exceed 1,620,000 Shares. To the extent that Shares subject to an outstanding Option are not issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such Option or by reason of the delivery of
Shares to pay all or a portion of the exercise price of such Option, such Shares shall again be available for issuance under the Plan. 
 
6.    Awards under the Plan 
 
Awards in the form of Shares or Stock Units shall be granted to Directors in accordance with Section 7. Awards in the form of Shares,
Stock Units or Options may be granted to Directors in accordance with Section 8, 9 or 10, as applicable. Each Award granted under Section 8, 9 or 10 shall be evidenced by an Award Summary. Delivery of an Award Summary shall constitute an agreement,
subject to Section 3 and Section 12, between the Corporation and the Director as to the terms and conditions of the Award. 
 
7.    Annual Stock Retainer 
 
Each Director shall annually receive an Award hereunder in the form of either Shares or Stock Units, subject to the following terms and
conditions: 
 

	 	(a)	 	Election of Shares or Stock Units.    Each Director shall be permitted to elect to receive the Award described under this Section 7 in the
form of either Shares or Stock Units. Such election must be made by the date established by the Committee prior to the start of the Plan Year for which the election applies. In the absence of such election, the Award shall be granted in the form of
Shares. Each Director’s election shall remain in effect and be applicable with respect to each quarterly grant of the Stock Retainer made for any Plan Year. Such election shall remain in effect and be applicable to quarterly payments made in
subsequent Plan Years, unless the Director files a revised election pursuant to this Section 7(a). 

 
In the event a Director is first appointed to the Board after the date established by the Committee for the filing of elections, the
quarterly Award of the Director’s Annual Stock Retainer for the quarter in which the Director is appointed (prorated as described in Section 7(c)) shall be made in the form of Shares. The Director may submit a written election to receive the
remaining quarterly Awards of the Annual Stock Retainer for the Plan Year in the form of Stock Units by a date prior to the start of the next following quarter and within a period following his or her appointment to the Board determined by the
Committee or its designee to be necessary to avoid constructive receipt or to comply with applicable law. 
 

	 	(b)	 	Time of Grant.    An Award of Shares or Stock Units representing each Director’s annual stock retainer shall be made each calendar
quarter during the Plan Year to coincide with quarterly payment of the Director’s Annual Cash Retainer. The number of Shares or Stock Units subject to such Award shall be determined as provided in Section 7(c) below. In the case of a Director
who is appointed to the Board following the start of a calendar quarter, the Director shall be granted, as of the effective date as of which such Director is first appointed to the Board, his or her annual stock retainer, as prorated in the manner
described in Section 7(c) below. 

 

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	 	(c)	 	Number of Shares.    The number of Shares or Stock Units granted each calendar quarter pursuant to this Section 7 shall be equal to (i)
25% of the Director’s Annual Cash Retainer (excluding for this purpose any additional chairperson retainer(s)), divided by (ii) the Fair Market Value per share of Bank One common stock as of the Award Grant Date described in paragraph (b) above
(increased to the next whole number in case of any fraction). In the case of a Director who is appointed to the Board following the start of a calendar quarter, the number of Shares or Stock Units granted for such quarter shall be calculated in the
manner described in the previous sentence, except that (A) the Fair Market Value per share of Bank One common stock under part (ii) above shall be determined using the date the Director is appointed to the Board as the valuation date, and (B) the
number of Shares or Stock Units granted shall be prorated based upon the number of months of the calendar quarter during which such Director will serve on the Board, with any part of a calendar month counting as a whole month.

 
8.    Elective Shares and
Stock Units in Lieu of Annual Cash Retainer 
 
Each Director may elect to receive an Award of Shares, Stock Units or a combination thereof as payment of such Director’s Annual Cash Retainer (or a portion thereof), subject to the following terms and conditions: 
 

	 	(a)	 	Time of Grant.    As of each date on which a quarterly portion of a Director’s Annual Cash Retainer would otherwise be paid, an Award
shall be granted to each Director who has filed with the Committee or its designee a written election to receive such Award in lieu of all or a portion of such quarterly payment of his or her Annual Cash Retainer. Such election must be filed in
advance of the start of the Plan Year in which such quarterly payment is made, on or before a date established by the Committee as necessary to avoid the constructive receipt of income by the Director for tax purposes and to comply with any
applicable law. Each Director’s election shall remain in effect and be applicable with respect to each quarterly payment of an Annual Cash Retainer made for any Plan Year for which a Director has made an election to receive an Award under this
Section 8(a) and in subsequent Plan Years, unless the Director files a revised election pursuant to this Section 8(a). A revised election may only be made on or before a date prior to the start of the Plan Year for which it is being made, such date
to be established by the Committee or its designee to avoid the constructive receipt of income by the Director for tax purposes and to comply with any applicable law. 

 
In the event a Director does not file a written election in accordance with this Section 8(a)
by reason of becoming a Director after the date established by the Committee for the filing of elections (as described above), an Award may be granted to such Director as of a day following the Director’s submission of a written election to
receive such Award in lieu of all or a portion of such Director’s Annual Cash Retainer. Such election must be submitted in accordance with rules established by the Committee or its designee and as of a date determined to be necessary to avoid
constructive receipt of income by the Director and to comply with any applicable law. The Committee may, in its sole discretion, limit an election made pursuant to the preceding sentence to only a fraction of a quarterly payment of such
Director’s Annual Cash Retainer, the numerator of which is the number of months during the applicable calendar quarter during which such Director will serve on the Board, with any part of a calendar month counting as a whole month, and the
denominator of which is 3. In addition, a Director appointed to the Board following the start of a calendar quarter during a Plan Year may not elect to receive Stock Units in lieu of his or her Cash Retainer for such first quarter of service;
provided however, that the Director may elect to receive Stock Units in lieu of his or her Cash Retainer for subsequent calendar quarters. An election made pursuant to the this paragraph shall be irrevocable during the remainder of the first Plan
Year in which the Director receives an Award hereunder. 
 

4 

	 	(b)	 	Number of Shares and/or Stock Units.    The number of Shares and/or Stock Units subject to an Award granted pursuant to Section 8(a) shall
be equal to the amount of the Annual Cash Retainer that a Director has elected pursuant to Section 8(a) to be payable in Shares or Stock Units, divided by the Fair Market Value per share of Bank One common stock as of the Award Grant Date described
in paragraph 7(c) above (increased to the next whole number in case of any fraction). 

 

	 	(c)	 	Dividends Paid on Stock Units.    While Stock Units remain outstanding, the Director who has received such Stock Units as of the
applicable record date shall receive, as of each date on which the Corporation pays a cash dividend on outstanding Shares, additional Stock Units equal in number to: 

 

	 	(1)	 	the product of: 

 

	 	    	 	(A)    the amount of the cash dividend declared by the Corporation for each outstanding Share of the Corporation, and 

 

	 	    	 	(B)    the number of Stock Units credited to the Director and still outstanding, 

 

	 	    	 	divided by: 

 

	 	(2)	 	the Fair Market Value of a Share on the date the cash dividend is paid. 

 
Such additional Stock Units shall be issued as Shares at the same time and in the same manner as the
underlying Stock Units to which they are attributable. 
 

	 	(d)	 	Distribution of Stock Units.    Upon a date elected by a Director who receives an Award of Stock Units under subparagraph (c) above, the
Director will receive one (1) Share for each Stock Unit, including any fractional Stock Units thereof. In the event of a Director’s death prior to the issuance of Shares attributable to Stock Units, such Shares shall become distributable in
accordance with Section 14 below. 

 
9.    Discretionary Awards 
 
In addition to any Awards granted under Section 7 or 8, the Board, in its sole discretion, may approve Awards of Options, Shares or Stock Units to one or more Directors in any calendar year in recognition of additional
services provided to the Board or the Corporation or as a special grant to all Directors, subject to the following terms: 
 

	 	(a)	 	Shares and Stock Units.    The number of shares subject to an award of Shares and/or Stock Units shall be determined by the Board. In the
event that Stock Units are awarded, the Director will be eligible to receive additional Stock Units as described in Section 8(c), and he or she may make an election to receive a distribution in accordance with Section 8(d).

 

	 	(b)	 	Number and Purchase Price of Options.    The number of Shares subject to an Option granted shall be determined by the Board. The purchase
price per Share under each Option granted shall not be less than 100% of the Fair Market Value per Share determined using the Award Grant Date as the valuation date. 

 

	 	(c)	 	Exercise of Options.    Each Option shall be fully exercisable on and after the date which is six (6) months after the Award Grant Date
and, subject to Section 11 shall not be exercisable prior to such date. An Option may be exercised until the earlier of the date which is: (i) ten (10) years after the Award Grant Date of such Option; or (ii) two (2) years from the date

 

5 

	 	  	 	the Optionee’s service on the Board ends as a result of retirement or death. An Option, or portion thereof, may be exercised, in whole or in part, only with
respect to whole Shares. 

 
Shares shall be issued to an Optionee pursuant to the exercise of an Option only upon receipt by the Corporation from the Optionee of payment in full either in cash or by submitting acceptable proof to the Committee of the ownership
of Shares which have been owned by the Optionee for at least six (6) months prior to the date of exercise of the Option, or a combination of cash and Shares, in an amount or having a combined value equal to the aggregate purchase price for the
Shares subject to the Option or portion thereof being exercised. The Shares issued to an Optionee for the portion of any Option exercised by submitting proof of acceptable ownership of Shares shall not exceed the number of Shares issuable as a
result of such exercise (determined as though payment in full therefor were being made in cash), less the number of Shares for which proof of ownership is submitted. The value of Shares for which proof of ownership is submitted in full or partial
payment for the Shares purchased upon the exercise of an Option shall be equal to the Fair Market Value of such previously-owned Shares on the date of the exercise of such Option. 
 

	 	(d)	 	Restorative Stock Options.    Options granted under this Section 9 may provide for the subsequent grant of a restorative option where a
Director exercises the original Option by submitting acceptable proof to the Committee of the ownership of Shares which have been owned by the Optionee for at least six (6) months prior to the date of exercise of the Option. The number of Shares
covered by the restorative option shall be equal to the number of previously-owned shares submitted in the Option exercise, and the exercise price shall equal the Fair Market Value of Bank One common stock on the date the Option is exercised. The
restorative option shall be subject to such other terms and conditions as are established by the Committee. 

 
10.    Transfers from Other Plans 
 
Stock Units shall be issued under the Plan in exchange for unfunded accounts transferred to the Plan from the Bank One Corporation
Director Deferred Compensation Plan or other director compensation programs maintained by the Corporation, its subsidiaries and affiliates or their predecessor, successor and/or acquired entities. The number of Stock Units awarded shall be
determined by dividing the dollar amount being transferred to the Plan by the Fair Market Value of one (1) Share as of the date of transfer, and additional Stock Units shall be payable to the Director in accordance with Section 8(c). One (1) Share
shall become distributable for each Stock Unit awarded under this Section 10 in accordance with Section 8(d). Transfers and elections under this Section 10 shall be made in accordance with rules established by the Committee or its designee in order
to avoid the constructive receipt of taxable income by Directors and to comply with applicable law. 
 
11.    Issuance of Shares 
 
Upon the grant of an Award of Shares to a Director, the Shares subject to such Award shall be issued to the Director or his nominee, as
the Director shall designate, whereupon the Director shall become a stockholder of the Corporation with respect to such Shares and shall be entitled to vote the Shares. 
 
12.    Non-Transferability of Options and Stock Units 
 
Options and Stock Units granted under the Plan shall not be
transferable by a Director during his or her lifetime and may not be assigned, exchanged, pledged, transferred or otherwise encumbered or disposed of except by court order, will or by the laws of descent and distribution. 
 

6 

Notwithstanding the foregoing, in the event the provisions of Rule 16b-3 of the Securities Exchange Act of
1934, as amended, allow Options to be transferable, each Option then outstanding shall become transferable only to the extent set forth under the terms of each Award, as determined by the Committee. In the event that any Option is thereafter
transferred as permitted by the preceding sentence, the permitted transferee thereof shall be deemed the Optionee hereunder, notwithstanding the provisions of subparagraph (l) of Section 2 above. Options shall be exercisable during the
Optionee’s lifetime only by the Optionee or by the Optionee’s guardian, legal representative or similar person (except in the case of the death of the Director where the Option provides for post-death exercise). 
 
13.    Change of Control 
 
Upon the occurrence of a Change of Control, any and all
outstanding Options shall become immediately exercisable, and all Stock Units shall become distributable in Shares. 
 
14.    Payments to Beneficiaries. 
 
Each Director may designate a beneficiary to receive Awards under the Plan in the event of the death of the Director, as provided under
the terms of each Award. In the event that a Director dies before designating a beneficiary, the Director’s beneficiary shall be his surviving spouse, if any. If there is no surviving spouse, the Director’s beneficiary shall be his estate.

 
15.    Amendment and Termination

 
The Board may amend the Plan from time to
time or terminate the Plan at any time; provided, however, than no action authorized by this Section 15 shall adversely change the terms and conditions of an outstanding Option or Stock Unit without the Optionee’s consent, other than to comply
with changes in applicable laws and regulations. 
 
16.    Recapitalization 
 
The aggregate number of shares of Common Stock as to which Awards may be granted to Directors, the number of shares thereof covered by each outstanding Award, and the price per share thereof in each such Award, shall all be
proportionately adjusted for any increase or decrease in the total number of Shares issued by the Corporation resulting from a subdivision or consolidation of Shares or other capital adjustment, or the payment of a stock dividend or other increase
or decrease in the number of such Shares effected without receipt of consideration by the Corporation, or other change in corporate or capital structure; provided, however, that any fractional Shares resulting from any such adjustment shall be
eliminated. The Committee may also make the foregoing changes and any other changes, including changes in the classes of securities available, to the extent it is deemed necessary or desirable to preserve the intended benefits of the Plan for the
Corporation and the Directors in the event of any other reorganization, recapitalization, merger, consolidation, spin-off, extraordinary dividend or other distribution or similar transaction. 
 
17.    Governing Law 
 
To the extent that federal laws do not otherwise control, the
Plan shall be construed in accordance with and governed by the law of the State of Delaware. 
 
18.    Savings Clause 
 
This Plan is intended to comply in all aspects with applicable law and regulation, including, Section 16 of the Securities Exchange Act of 1934 and Rule 16b-3 of the Securities and Exchange Commission.
If 
 

7 

any provision of this Plan shall be held invalid, illegal or unenforceable in any respect under applicable
law and regulation (including Rule 16b-3), the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, and the invalid, illegal or unenforceable provision shall be deemed null and void;
provided however, that, to the extent permissible by law, any provision which could be deemed null and void shall first be construed, interpreted or revised retroactively to permit this Plan to be construed in compliance with all applicable laws
(including Rule 16b-3) so as to foster the intent of this Plan. 
 

8

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