Document:

FORM OF PERFORMANCE-BASED CASH LONG-TERM INCENTIVE AWARD AGREEMENT

 Exhibit 10.352 
 THE CHARLES SCHWAB CORPORATION 
 [2004 STOCK INCENTIVE PLAN]

 CASH LONG-TERM INCENTIVE AWARD AGREEMENT 
 (PERFORMANCE-BASED VESTING) 
 You have been granted a cash long-term
incentive award (“Award”). The Award represents the right to receive a cash payment under The Charles Schwab Corporation [2004 Stock Incentive Plan] (the “Plan”), subject to the following conditions:

  

			
	 Name of Recipient:
	  	
		
	 Target Award:
	  	
		
	 Grant Date:
	  	
		
	 Performance Period:
	  	
		
	 Vesting Schedule:
	  	 So long as you remain in service in good standing and subject to the terms of this Agreement and certification of the achievement of the Performance Goal by
Schwab’s Compensation Committee, this Award vests as follows:

 Performance Goal: 

This Award will vest only if Schwab’s Compensation Committee certifies that as of the applicable Vesting Date, Schwab has satisfied
the Performance Goal for the applicable Performance Period (or in connection with a Change in Control, as explained below) ending prior to such Vesting Date. The Performance Goal shall be established by the Compensation Committee not later than the
90th day of the applicable Performance Period (or, in the event that a Performance Period is expected to be less than 12 months, not later than the date when 25% of the Performance Period has elapsed. 

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

If vesting does not occur because the Performance Goal is not met, any unvested portion of the Award will be forfeited automatically and
permanently on the date established by the Compensation Committee. 

  
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 Any vested Award will be paid in a lump sum cash payment as soon as administratively
possible after vesting, but in no event beyond March 15th of the year following the year of vesting. In general, vesting requires both service and performance conditions to be met, except to the extent a particular condition is not applicable in the case of
death, disability or change in control. This Award is an unfunded and unsecured obligation of Schwab. 
 You and Schwab agree
that this Award is issued under and governed by the terms and conditions of the Plan and this Agreement. Please review these documents carefully, as they explain the terms and conditions of this Award. You agree that Schwab may deliver
electronically all documents relating to the Plan or this grant (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other documents that Schwab is required to deliver to its stockholders. By
accepting this Award, you agree to all of the terms and conditions of the Award, and you have no right whatsoever to change or negotiate such terms and conditions. 
  

			
	Vesting	  	 Subject to the provisions of this Agreement, this Award becomes vested as described above. If your service terminates for any reason, then your Award will
automatically and permanently be forfeited to the extent that not vested before the termination date and not vested as a result of the termination, unless otherwise noted below. You will not receive payment if the Award is forfeited. Schwab
determines when your service terminates for this purpose. For all purposes of this Agreement, “service” means continuous employment as a common-law employee of Schwab or a parent company or subsidiary of Schwab, and
“subsidiary” means a subsidiary corporation as defined in section 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”).

		
	Vesting on Death or Disability	  	 This Award will not forfeit because your service terminates before the Vesting Date if your service terminates on account of your death or disability. In this
case, however, vesting of the Award will still depend on the Compensation Committee certifying that Schwab has satisfied the Performance Goal.

		
	Definition of Disability	  	 For all purposes of this Agreement, “disability” means that you have a disability such that you have been determined to be eligible
for benefits under Schwab’s long-term disability plan, or if you are not covered by Schwab’s long-term disability plan, you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment which has lasted, or can be expected to last, for a continuous period of not less than 12 months or which can be expected to result in death as determined by Schwab in its sole
discretion.

  
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	Vesting on Change in Control	  	 If, prior to the date your service terminates, Schwab is subject to a “change in control” (as defined in the Plan document), this
Award, to the extent not already forfeited, will become fully vested as of the date that the change in control occurs.

		
	Payment of Award	  	 The Target Award is denominated in dollars. The final value of the payment, if any, due as a result of this Award will be determined based on the Performance
Goal and formula established by the Compensation Committee not later than the 90th day of the applicable Performance Period (or, in the event that a Performance Period is expected to be less than 12 months, not later than the date when 25% of the
Performance Period has elapsed). Except in the case of a change in control, the valuation and payout of the Award will be completed after the last day of the Performance Period and after the Compensation Committee has certified the achievement of
the Performance Goal set forth above. The Compensation Committee has the absolute and unrestricted discretion to reduce the amount payable in connection with the attainment of the Performance Goal applicable to the Award. It is expressly permissible
in this case to reduce the amount otherwise payable to zero. If vesting has occurred as a result of a change in control, payment will be made at target, and this payment may not be reduced by the Committee after the occurrence of the change in
control. The Award will be paid in a lump sum cash payment as soon as administratively possible following vesting, but in no event beyond March 15th of the year following the year of vesting.

		
	Payment in the Event of Death or Disability	  	 In the event of your death prior to the date your service otherwise terminates, or in the event of your termination due to disability, your Award will not
forfeit because your service ends before the Vesting Date. If the Compensation Committee certifies that the Performance Goal is satisfied, your beneficiary or you will be entitled to a prorated portion of the amount that would be payable upon the
achievement of the Performance Goal above. This prorated portion will be paid in cash as a lump sum based on the number of days in the Performance Period prior to your death or termination due to disability. The lump sum cash payment will be payable
to your beneficiaries or you at the same time Awards are paid to all other participants for the Performance Period. You may designate one or more beneficiaries by filing a beneficiary designation form. You may change your beneficiary designation by
filing a new form with Schwab at any time prior to your death. If you do not designate a beneficiary or if your designated beneficiary predeceases you, then, your payment will be delivered to your estate. The Compensation Committee, in its sole
discretion, will determine the amount and the time of the payment, but in no event will payment be made beyond March
15th of the year following
the

  
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		  	 year of vesting.

		
	Tax Withholding	  	 To the extent required by applicable federal, state, local or foreign law, Schwab shall satisfy any withholding tax obligations that arise from this Award
from the lump sum cash payment.

		
	Restrictions on Award	  	 You may not sell, transfer, pledge or otherwise dispose of this Award. Schwab will deliver a lump sum cash payment to
you only after the Award vests and after all other terms and conditions in this Agreement have been satisfied.
  

Schwab may, in its sole discretion, allow you to transfer a portion of the Award under a domestic relations order in settlement of marital
or domestic property rights. In order to transfer a portion of the Award, you and the transferee(s) must execute the forms prescribed by Schwab, which include the consent of the transferee(s) to be bound by this Agreement.

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

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

		
	Limitation on Payments	  	 If a payment would constitute an excess parachute payment under section 280G of the Code or if there have been
certain securities law violations, then your Award may be reduced or forfeited and you may be required to disgorge any payment that you have realized from your Award.

 
 If a disqualified individual receives a payment or
transfer under the Plan that would constitute an excess parachute payment under section 280G of the Code, such payment will be reduced, as described below. Generally, someone is a “disqualified individual” under section 280G
if he or she is (a) an officer of Schwab, (b) a member of the group consisting of the highest paid 1% of the employees of Schwab or, if less, the highest paid 250 employees of Schwab, or (c) a 1% stockholder of Schwab. For purposes of the section on
“Limitation on Payments,” the term “Schwab” will

  
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		  	 include affiliated corporations to the extent determined by the independent auditors most recently selected by the
Schwab Board of Directors (the “Auditors”) in accordance with section 280G(d)(5) of the Code.
  

In the event that the Auditors determine that any payment or transfer in the nature of compensation to or for your benefit, whether paid
or payable (or transferred or transferable) pursuant to the terms of the Plan or otherwise (a “Payment”), would be nondeductible for federal income tax purposes because of the provisions concerning “excess parachute
payments” in section 280G of the Code, then the aggregate present value of all Payments will be reduced (but not below zero) to the Reduced Amount; provided, however, that the Compensation Committee may specify in writing that the Award will
not be so reduced and will not be subject to reduction under this section.
  
 For this purpose, the “Reduced Amount” will be the amount, expressed as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to
be nondeductible by Schwab because of section 280G of the Code.
  
 If the Auditors determine that any Payment would be nondeductible because of section 280G of the Code, then Schwab will promptly give you notice to that effect and a copy of the detailed calculation of
the Reduced Amount. You may then elect, in your discretion, which and how much of the Payments will be eliminated or reduced (as long as after such election, the aggregate present value of the Payments equals the Reduced Amount, and your election is
consistent with any mandatory eliminations or reductions that apply under other agreements or the Plan). You will advise Schwab in writing of your election within 10 days of receipt of the notice.

 
 If you do not make such an election within the 10-day
period, then Schwab may elect which and how much of the Payments will be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount). Schwab will notify you promptly of its election.
Present value will be determined in accordance with section 280G(d)(4) of the Code. The Auditors’ determinations will be binding upon you and Schwab and will be made within 60 days of the date when a Payment becomes payable or
transferable.
  
 As promptly as practicable
following these determination and elections, Schwab will pay or transfer to or for your benefit such amounts as are then due to you under the Plan, and will promptly

  
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		  	 pay or transfer to or for your benefit in the future such amounts as become due to you under the Plan.

 
 As a result of uncertainty in the application of
section 280G of the Code at the time of an initial determination by the Auditors, it is possible that Payments will have been made by Schwab which should not have been made (an “Overpayment”) or that additional Payments which
will not have been made by Schwab could have been made (an “Underpayment”), consistent in each case with the calculation of the Reduced Amount. In the event that the Auditors, based upon the assertion of a deficiency by the
Internal Revenue Service against you or Schwab which the Auditors believe has a high probability of success, determine that an Overpayment has been made, the amount of such Overpayment will be paid by you to Schwab on demand, together with interest
at the applicable federal rate provided in section 7872(f)(2) of the Code. However, no amount will be payable by you to Schwab if and to the extent that such payment would not reduce the amount which is subject to taxation under section 4999 of the
Code. In the event that the Auditors determine that an Underpayment has occurred, such Underpayment will promptly be paid or transferred by Schwab to or for your benefit, together with interest at the applicable federal rate provided in section
7872(f)(2) of the Code.
  
 Notwithstanding the
foregoing, in no event will a payment be made under this Section beyond March 15th of the year following the year in which the amount ceases to be subject to a substantial risk of forfeiture.

		
	Plan Administration	  	 The Plan Administrator has discretionary authority to make all determinations related to this Award and to construe the terms of the Plan and this Agreement.
The Plan Administrator’s determinations are conclusive and binding on all persons, and they are entitled to deference upon any review.

		
	Adjustments	  	 In the event of changes in Schwab stock, this Award shall be adjusted as determined by the Compensation Committee in accordance with the
Plan.

		
	Severability	  	 In the event that any provision of this Agreement is held invalid or unenforceable, the provision will be severable from, and such invalidity or
unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement.

  
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	Applicable Law	  	 This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions), as such laws are
applied to contracts entered into and performed in Delaware.

		
	The Plan and Other Agreements	  	 The text of the Plan is incorporated in this Agreement by reference. This Agreement and the Plan constitute the entire understanding between you and Schwab
regarding this Award. Any prior agreements, commitments or negotiations concerning this grant are superseded. This Agreement may be amended only by another written agreement, signed by both parties and approved by the Compensation Committee. If
there is any inconsistency or conflict between any provision of this Agreement and the Plan, the terms of the Plan will control.

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

  
 7FORM OF NOTICE AND PERFORMANCE-BASED RESTRICTED STOCK UNIT AGREEMENT

 Exhibit 10.353 
 THE CHARLES SCHWAB CORPORATION 
 [2004 STOCK INCENTIVE PLAN]

 NOTICE OF RESTRICTED STOCK UNIT GRANT 
 (PERFORMANCE-BASED VESTING) 
 You have been granted Restricted Stock Units.
A Restricted Stock Unit represents the right to receive, subject to certain conditions, a share of Common Stock of The Charles Schwab Corporation (“Schwab”), under The Charles Schwab Corporation [2004 Stock Incentive Plan]
(the “Plan”). Your Restricted Stock Units are granted subject to the following terms: 
  

			
	Name of Recipient:	  	
		
	Number of Target Restricted Stock Units Granted:	  	
		
	Grant Date:	  	
		
	Performance Period(s):	  	
		
	Vesting Schedule:	  	 So long as you remain in service in good standing and subject to the terms of the Restricted Stock Unit Agreement and
certification of the achievement of the Performance Goal by Schwab’s Compensation Committee, this grant vests as follows:
  

Number of Target Restricted Stock Units on Vesting Date:

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

The number of shares of Common Stock of The Charles Schwab Corporation (“Shares”) payable pursuant to the Target
Restricted Stock Units granted herein will be determined based on a formula established by the Compensation Committee not later than the 90th 

  
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day of the applicable Performance Period (or, in the event that a Performance Period is expected to be less than 12 months, not later than the date when 25% of the Performance Period has
elapsed). 
 [If the Performance Goal is not met for any one-year period, you will have a second opportunity to vest in the
unvested portion of the grant if Schwab has satisfied the Performance Goal established by the Compensation Committee for the second vesting opportunity.] 
 Except as otherwise provided in the Restricted Stock Unit Agreement, if the Performance Goal is not met, any unvested portion of the grant will be forfeited automatically and permanently on the date
established by the Compensation Committee. 
 Any vested Restricted Stock Units will be paid in Shares as soon as
administratively possible after vesting, but in no event beyond March 15th of the year following the year of vesting. 
 You and Schwab agree that this grant
is issued under and governed by the terms and conditions of the Plan and the Restricted Stock Unit Agreement, both of which are made a part of this notice. Please review the Restricted Stock Unit Agreement and the Plan carefully, as they explain the
terms and conditions of this grant. You agree that Schwab may deliver electronically all documents relating to the Plan or this grant (including, without limitation, prospectuses required by the Securities and Exchange Commission) and all other
documents that Schwab is required to deliver to its stockholders. By accepting this grant, you agree to all of the terms and conditions described above, in the Restricted Stock Unit Agreement and in the Plan, and you have no right whatsoever to
change or negotiate such terms and conditions. 

  
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 THE CHARLES SCHWAB CORPORATION 

[2004 STOCK INCENTIVE PLAN] 
 RESTRICTED STOCK UNIT AGREEMENT 
 (PERFORMANCE-BASED VESTING)

  

			
	Payment for Units	  	 No payment is required for the Restricted Stock Units that you are receiving. Restricted Stock Units are an unfunded and unsecured obligation of
Schwab.

		
	Vesting	  	 Subject to the provisions of this Agreement, this grant becomes vested as described in the Notice of Restricted Stock Unit Grant, of which this Restricted
Stock Unit Agreement is a part. Unvested units will be considered “Restricted Stock Units.” If your service terminates for any reason, then your Restricted Stock Units will automatically and permanently be forfeited to the
extent that they have not vested before the termination date and will not vest as a result of the termination, unless otherwise noted below. This means that the Restricted Stock Units will immediately revert to Schwab. You will receive no payment
for Restricted Stock Units that are forfeited. Schwab determines when your service terminates for this purpose. For all purposes of this Agreement, “service” means continuous employment as a common-law employee of Schwab or a
parent company or subsidiary of Schwab, and “subsidiary” means a subsidiary corporation as defined in section 424(f) of the Internal Revenue Code of 1986, as amended (the “Code”).

		
	Accelerated Vesting	  	 This grant, to the extent not already forfeited, will become fully vested and payable at target upon your death or disability. If, prior to the date your
service terminates, Schwab is subject to a “change in control” (as defined in the Plan document), this grant, to the extent not already forfeited, will become fully vested and payable at target as of the date that the change
in control occurs.

		
	Continued Vesting	  	 If your service terminates on account of your retirement as defined below, you will be treated as in service in good
standing for purposes of determining further vesting of the grant.
  
 If you are entitled to severance benefits under The Charles Schwab Severance Pay Plan (or any successor plan), then you may be treated as in service in good standing during your Severance Period for
purposes of determining further vesting of the grant under the terms of that plan.

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

  
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	Definition of Disability	  	 For all purposes of this Agreement, “disability” means that you have a disability such that you have been determined to be eligible
for benefits under Schwab’s long-term disability plan, or if you are not covered by Schwab’s long-term disability plan, you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment which has lasted, or can be expected to last, for a continuous period of not less than 12 months or which can be expected to result in death as determined by Schwab in its sole discretion.

		
	Definition of Retirement	  	 If you are an employee of Schwab and its subsidiaries, “retirement” means termination of
service for any reason other than death at any time after you attain age 55, but only if, at the time of your termination, you have been credited with at least 10 years of service.

 
 The phrase “years of service”
above has the same meaning given to it under The SchwabPlan Retirement Savings and Investment Plan (or any successor plan).

		
	Payment of Shares	  	 The Target Restricted Stock Units in the Notice of Restricted Stock Unit Grant will be used to determine the shares of Common Stock of The Charles Schwab
Corporation (“Shares”) payable based on the Performance Goal and formula established by the Compensation Committee not later than the 90th day of the applicable Performance Period (or, in the event that a Performance Period is
expected to be less than 12 months, not later than the date when 25% of the Performance Period has elapsed). The Shares payable are calculated following the end of the Performance Period based on the Performance Goal achieved and any adjustments
provided for under the Plan and this Agreement. The Shares shall be paid as soon as administratively possible following vesting, but in no event beyond March 15th of the year following the year of vesting.

		
	Restrictions on Restricted
Stock Units	  	 You may not sell, transfer, pledge or otherwise dispose of any Restricted Stock Units without Schwab’s written
consent. Schwab will deliver Shares to you only after the Restricted Stock Units vest and after all other terms and conditions in this Agreement have been satisfied.

 
 Schwab may, in its sole discretion, allow you to
transfer these Restricted Stock Units under a domestic relations order in settlement of marital or domestic property rights.
  

In order to transfer these Restricted Stock Units, you and the transferee(s) must execute the forms prescribed by Schwab, which include
the consent of the transferee(s) to be bound by this Agreement.

  
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	Delivery of Shares After Death	  	 In the event of your death prior to the date your service terminates, your Shares will be delivered to your beneficiary or beneficiaries. You may designate
one or more beneficiaries by filing a beneficiary designation form. You may change your beneficiary designation by filing a new form with Schwab at any time prior to your death. If you do not designate a beneficiary or if your designated beneficiary
predeceases you, then, your Shares will be delivered to your estate. The Compensation Committee, in its sole discretion, will determine the form and time of the distribution of Shares to your estate. In no event will the payment be made beyond
March 15th of the year following the year of
death.

		
	Restrictions on Resale	  	 You agree not to sell any Shares at a time when applicable laws, Schwab’s policies or an agreement between Schwab and its underwriters prohibit a sale.
This restriction will apply as long as your service continues and for such period of time after the termination of your service as Schwab may specify.

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

		
	Withholding Taxes	  	 The Restricted Stock Units will not be paid in Shares unless you have made acceptable arrangements to pay any applicable withholding of income and employment
taxes that may be due as a result of this grant. These arrangements may include withholding Shares. Schwab may withhold the minimum number of whole Shares, valued at the fair market value on the Vesting Date, required to satisfy such applicable
withholding taxes. Any residual amount of applicable withholding taxes, i.e., amounts of less than the fair market value of a Share, may be deducted from your pay. If withholding taxes are due and you have terminated employment, applicable
withholding taxes will be deducted from your Schwab brokerage account. You are responsible for having sufficient funds in your Schwab brokerage account to cover the withholding taxes at the time they are due.

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

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

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

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

		
	Limitation on Payments	  	 If a payment from the Plan would constitute an excess parachute payment under section 280G of the Code or if there
have been certain securities law violations, then your grant may be reduced or forfeited and you may be required to disgorge any profit that you have realized from your grant.

 
 If a disqualified individual receives a payment or
transfer under the Plan that would constitute an excess parachute payment under section 280G of the Code, such payment will be reduced, as described below. Generally, someone is a “disqualified individual” under section 280G
if he or she is (a) an officer of Schwab, (b) a member of the group consisting of the highest paid 1% of the employees of Schwab or, if less, the highest paid 250 employees of Schwab, or (c) a 1% stockholder of Schwab. For purposes of the section on
“Limitation on Payments,” the term “Schwab” will include affiliated corporations to the extent determined by the independent auditors most recently selected by the Schwab Board of Directors (the
“Auditors”) in accordance with section 280G(d)(5) of the Code.
  
 In the event that the Auditors determine that any payment or transfer in the nature of compensation to or for your benefit, whether paid or payable (or transferred or transferable) pursuant to the terms
of the Plan or otherwise (a “Payment”), would be nondeductible for federal income tax purposes because of the provisions concerning “excess parachute payments” in section 280G of the Code, then the aggregate present
value of all Payments will be reduced (but not below zero) to the Reduced Amount; provided, however, that the Compensation Committee may specify in writing that the grant will not be so reduced and will not be subject to reduction under this
section.
  
 For this purpose, the
“Reduced Amount” will be the amount, expressed

  
 4 

			
		 	 as a present value, which maximizes the aggregate present value of the Payments without causing any Payment to be
nondeductible by Schwab because of section 280G of the Code.
  
 If the Auditors determine that any Payment would be nondeductible because of section 280G of the Code, then Schwab will promptly give you notice to that effect and a copy of the detailed calculation of
the Reduced Amount. You may then elect, in your discretion, which and how much of the Payments will be eliminated or reduced (as long as after such election, the aggregate present value of the Payments equals the Reduced Amount, and your election is
consistent with any mandatory eliminations or reductions that apply under other agreements or the Plan). You will advise Schwab in writing of your election within 10 days of receipt of the notice.

 
 If you do not make such an election within the 10-day
period, then Schwab may elect which and how much of the Payments will be eliminated or reduced (as long as after such election the aggregate present value of the Payments equals the Reduced Amount). Schwab will notify you promptly of its election.
Present value will be determined in accordance with section 280G(d)(4) of the Code. The Auditors’ determinations will be binding upon you and Schwab and will be made within 60 days of the date when a Payment becomes payable or
transferable.
  
 As promptly as practicable
following these determination and elections, Schwab will pay or transfer to or for your benefit such amounts as are then due to you under the Plan, and will promptly pay or transfer to or for your benefit in the future such amounts as become due to
you under the Plan.
  
 As a result of
uncertainty in the application of section 280G of the Code at the time of an initial determination by the Auditors, it is possible that Payments will have been made by Schwab which should not have been made (an “Overpayment”)
or that additional Payments which will not have been made by Schwab could have been made (an “Underpayment”), consistent in each case with the calculation of the Reduced Amount. In the event that the Auditors, based upon the
assertion of a deficiency by the Internal Revenue Service against you or Schwab which the Auditors believe has a high probability of success, determine that an Overpayment has been made, the amount of such Overpayment will be paid by you to Schwab
on demand, together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code. However, no amount will be payable by you to Schwab if and to the extent that such payment would not reduce the amount which is subject to
taxation under section 4999 of the Code. In

  
 5 

			
		  	 the event that the Auditors determine that an Underpayment has occurred, such Underpayment will promptly be paid or
transferred by Schwab to or for your benefit, together with interest at the applicable federal rate provided in section 7872(f)(2) of the Code.
  

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

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

		
	Adjustments	  	 In the event of a stock split, a stock dividend or a similar change in Schwab stock, the number of Restricted Stock Units that remain subject to forfeiture
shall be adjusted accordingly.

		
	Severability	  	 In the event that any provision of this Agreement is held invalid or unenforceable, the provision will be severable from, and such invalidity or
unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement.

		
	Applicable Law	  	 This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law provisions), as such laws are
applied to contracts entered into and performed in Delaware.

		
	The Plan and Other Agreements	  	 The text of the Plan is incorporated in this Agreement by reference. This Agreement, the Notice of Restricted Stock Unit Grant and the Plan constitute the
entire understanding between you and Schwab regarding this grant. Any prior agreements, commitments or negotiations concerning this grant are superseded. This Agreement may be amended only by another written agreement, signed by both parties and
approved by the Compensation Committee. If there is any inconsistency or conflict between any provision of this Agreement and the Plan, the terms of the Plan will control.

 BY ACCEPTING THIS GRANT, YOU AGREE TO ALL OF THE TERMS AND 

CONDITIONS DESCRIBED ABOVE AND IN THE PLAN. 

  
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