SEC Contract Filing

Filing Date: 2021-04-29

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>exb104-03312021.htm
<DESCRIPTION>EX-10.4
<TEXT>
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<title>Document</title></head><body><div id="i4b180974d6ef40ef80fc147219c32ffe_33"></div><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:10pt;text-align:right"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:700;line-height:120%"> EXHIBIT 10.4</font></div><div style="margin-top:10pt;text-align:center"><font><br></font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">MASTERCARD</font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">SENIOR EXECUTIVE ANNUAL INCENTIVE COMPENSATION PLAN</font></div><div style="margin-top:10pt;text-align:center"><font><br></font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">As Amended and Restated Effective April 9, 2021</font></div><div style="margin-top:10pt"><font><br></font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Mastercard Incorporated and subsidiaries (collectively or individually, as the context requires, the &#8220;Company&#8221;) has adopted the Mastercard Senior Executive Annual Incentive Compensation Plan (the &#8220;Plan&#8221;) to reward senior executives for successfully achieving performance goals that are in direct support of corporate and business unit&#47;regional goals. </font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ARTICLE I </font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">DEFINITIONS </font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Section 1.1&#160;&#160;&#160;&#160;&#8220;Board&#8221; shall mean the Board of Directors of the Company.</font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Section 1.2&#160;&#160;&#160;&#160;&#8220;Committee&#8221; shall mean the Human Resources and Compensation Committee of the Board of Directors of the Company, or such other committee or subcommittee designated by the Board to administer the Plan.</font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Section 1.3&#160;&#160;&#160;&#160;&#8220;Disability&#8221; shall mean total and permanent disability in accordance with the Company&#8217;s long-term disability plan, as determined by the Committee. </font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Section 1.4&#160;&#160;&#160;&#160;&#8220;Participant&#8221; shall mean, with respect to any Performance Period, Section 16 officers of the Company (for purposes of the Securities Exchange Act of 1934, as amended), excluding the Corporate Controller.</font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Section 1.5&#160;&#160;&#160;&#160;&#8220;Performance Period&#8221; shall mean a period of no less than 90 days during which the attainment of performance targets shall be measured for purposes of determining the amount of incentive compensation payable hereunder, as established by the Committee.</font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Section 1.6&#160;&#160;&#160;&#160;&#8220;Retirement&#8221; shall have the meaning set forth in the Mastercard Incorporated 2006 Long Term Incentive Plan, as amended from time to time.</font></div><div style="margin-top:10pt;text-align:center"><font><br></font></div><div style="margin-top:10pt;text-align:center"><font><br></font></div><div style="margin-top:10pt;text-align:center"><font><br></font></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font style="color:#000000;font-family:'Arial',sans-serif;font-size:8pt;font-weight:400;line-height:120%">1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">ARTICLE II</font></div><div style="margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">BONUS AWARDS</font></div><div style="margin-top:10pt;text-indent:36pt"><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Section 2.1&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Mark For MCNrw',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">