Visa 2008 Annual Report Download - page 223

Table of Contents
employment agreements have additional vesting rights set forth in their employment agreements. See" —Employment Arrangements and Potential Payments Upon Termination and
Change in Control".
(4) The amounts in this column reflect the grant date fair value of stock awards that were made in 2008, pursuant to the 2007 special bonus plan established by the Company's predecessor
entities.
Outstanding Equity Awards at 2008 Fiscal Year-End
(a) (b) (c) (d) (e) (f) (g) (h) (i) (j)
Option Awards Stock Awards
Name
Stock
Option
Grant
Date
Number of
Securities
Underlying
Unexercised
Options (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options (#)
Unexercisable(1)
Option
Exercise
Price ($)
Option
Expiration
Date
Number
of
Shares
or
Units
of
Stock
That
Have
Not
Vested
(#)(2)
Market
Value
of
Shares
or
Units
of Stock
That
Have Not
Vested
($)(3)
Equity
Incentive
Awards:
Number
of
Unearned
Shares
or
Units
of
Stock
That
Have Not
Vested
(#)
Equity
Incentive
Awards:
Market or
Payout
Value
of
Unearned
Shares
or
Units
of
Stock
That
Have Not
Vested
($)
Joseph W. Saunders 3/18/2008 0 719,175 $ 44.00 3/18/2018 10,795 662,705 — —
Byron H. Pollitt 3/18/2008 0 212,484 $ 44.00 3/18/2018 — — — —
John C. (Hans) Morris 3/18/2008 0 392,277 $ 44.00 3/18/2018 — — — —
John M. Partridge 3/18/2008 0 353,050 $ 44.00 3/18/2018 16,413 1,007,594 — —
Joshua R. Floum 3/18/2008 0 156,911 $ 44.00 3/18/2018 10,134 622,126 — —
(1) The stock options vest in three equal installments on each of the first three anniversaries of the date of grant.
(2) The stock awards vest on March 18, 2009.
(3) Value is based on the September 30, 2008 per share closing price of $61.39, for these stock awards made in 2008 pursuant to the 2007 special bonus plan established by the Company's
predecessor entities.
Option Exercises and Stock Vested
No table is provided, given that no options held by any named executive officer were exercised and none of the named executive officers' stock awards
vested in fiscal 2008.
Pension Benefits
The table below shows the present value of accumulated benefits payable to our named executive officers, including the number of years of service
credited to each executive, under the Visa Retirement Plan and the Visa Excess Retirement Plan, determined using interest rate and mortality rate assumptions
consistent with those used in the consolidated financial statements of the applicable Visa entity.
(a) (b) (c) (d) (e)
Name Plan Name
Number
of Years
Credited
Service
(#)
Present
Value of
Accumulated
Benefit
($)
Payments
During
Last
Fiscal
Year
($)
Joseph W. Saunders
Visa Retirement Plan
Visa Excess Retirement Plan
1.3
1.3
39,065
673,035
—
—
Byron H. Pollitt
Visa Retirement Plan 1.0 20,361
36,432
—