SEC Contract Filing

Filing Date: 2017-05-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exb101-03312017.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<div><a name="se50aee6ad7604046834e9a9bf90cad50"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;font-weight:bold;">FORM OF</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;font-weight:bold;">RESTRICTED STOCK UNIT AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;font-weight:bold;">20___ GRANT</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;font-weight:bold;">[for grants made on or after March 1, 2017]</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">THIS AGREEMENT, dated as of March 1, 20___, (&#8220;Grant Date&#8221;) is between Mastercard Incorporated, a Delaware Corporation (&#8220;Company&#8221;), and you (the &#8220;Employee&#8221;). Capitalized terms that are used but not defined in this Agreement have the meanings given to them in the 2006 Long Term Incentive Plan (&#8220;Plan&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">WHEREAS, the Company has established the Plan, the terms of which Plan, but not the standard terms and conditions of Section 9.4, are made a part hereof; </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">WHEREAS, the Human Resources and Compensation Committee of the Board of Directors of the Company (&#8220;Committee&#8221;) has approved this grant under the terms of the Plan;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">NOW, THEREFORE, the parties hereby agree as follows:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">1.&#160;&#160;&#160;&#160;Grant of Units.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">Subject to the terms and conditions of this Agreement and of the Plan, the Company hereby grants to the Employee the number of Units reflected in the Employee&#8217;s grant statement, the terms of which statement are incorporated as a part of this Agreement. The Units comprising this award will be recorded in an unfunded Units account in the Employee&#8217;s name maintained on the books of the Company (&#8220;Account&#8221;). Each Unit represents the right to receive one share of the Company&#8217;s $0.0001 par value Class A Common Stock (&#8220;Common Shares&#8221;) under the terms and conditions set forth below.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">2.&#160;&#160;&#160;&#160;Vesting Schedule.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:10pt;"><font style="font-family:MarkForMC Nrw,sans-serif;font-size:10pt;">(a)&#160;&#160;&#160;&#160;Subject to (b), (c) and (d) below, the interest of the Employee in the Units shall vest on February ___, 20___ (the &#8220;Vesting Date&#8221;), conditioned upon the Employee&#8217;s continued employment with the Company or an Affiliated Employer as of the Vesting Date. In the event of the Employee&#8217;s Termination of Employment with the Company or an Affiliated Employer for any reason other than as set forth in (b), (c) or (d), unvested Units shall be forfeited. A transfer of Employee&#8217;s employment among the Company and any Affiliated Employer shall not be treated as a Termination of Employment hereunder. As a condition of the Employee&#8217;s right to vest in the Units, the Employee shall be required to execute and comply with any Mastercard LTIP Non-Competition Agreement that the Company requires for the Employee to be eligible to participate in the Plan, and to execute any other documents required by the Committee pursuant to this Agreement. If the Employee has not executed and delivered to the Company any such required Mastercard LTIP Non-Competition Agreement by the date required by the Company, which will in no event be later than the Vesting Date or such earlier vesting event pursuant to (c) below, the unvested Units shall be forfeited.</font></div><div style="line-height:120%;paddi