Visa 2008 Annual Report Download - page 227

Table of Contents
The table below shows the funds available under the Visa Deferred Compensation Plan and the Excess Thrift Plan and their annual rate of return for
fiscal 2008, as reported by the administrator of the plans.
Name of Fund
Rate of
Return
(%)
Alger Capital Appreciation Institutional Fund-Institutional Class(1) -24.87
Dodge & Cox Income(2) -2.26
Dodge & Cox International Stock -28.37
Fidelity Balanced Fund -19.56
Fidelity Low-Priced Stock Fund -21.84
Fidelity Retirement Money Market Portfolio 3.50
Janus Overseas Fund -34.36
PIMCO Total Return Fund-Instl Class(1) 3.78
Spartan U.S. Equity Index Fund-Investor Class -22.04
T. Rowe Price Equity Income(2) -20.08
T. Rowe Price Financial Services Fund(1) -31.74
TCW Select Equities Instl(2) -23.44
Columbia Acorn Z -20.58
(1) This fund is not available under the Excess Thrift Plan.
(2) This fund is not available under the Visa Deferred Compensation Plan.
Visa Deferred Compensation Plan
Under the terms of the Visa Deferred Compensation Plan, participants are able to defer up to 100% of their cash incentive awards or signing bonuses, if
they submit a qualified deferral election. Benefits under the Visa Deferred Compensation Plan will be paid based on one of the following three distribution
dates or events previously elected by the participant: (a) immediately upon, or up to five years following, retirement; (b) immediately upon, or in the January
following, termination; or (c) if specifically elected by the participant, in January in a specified year while actively employed. However, upon a showing of
financial hardship and receipt of approval from the plan administrator, an executive officer may be allowed to access funds in his or her deferred
compensation account earlier than his or her existing distribution election(s). Benefits can be received either as a lump sum payment or in annual installments,
except in the case of pre-retirement termination, in which case the participant must receive the benefit in a lump sum. Participants are always fully vested in
their deferrals under the Visa Deferred Compensation Plan. Upon termination of the Visa Deferred Compensation Plan within 12 months of our "change of
control," participants' benefits under the Visa Deferred Compensation Plan will be paid immediately in a lump sum. The reorganization was not considered a
change of control under the Visa Deferred Compensation Plan.
Visa Thrift Plan and Visa Excess Thrift Plan
The Visa Thrift Plan is a tax-qualified 401(k) retirement savings plan pursuant to which all U.S. employees of Visa are able to contribute up to 50%, or
13% for highly compensated employees, of their covered pay (base salary) up to the limit prescribed by the Internal Revenue Code to the Visa Thrift Plan on
a pre-tax basis. Employees also have the option of contributing on an after-tax basis from 1% up to 50%, or 13% for highly compensated employees, of salary
or a combination of pre-tax and after tax contributions that do not exceed 50%, or 13% for highly compensated employees, of salary. All contributions are
subject to the Internal Revenue Code limits. If an employee reaches the statutory pre-tax contribution limit during the calendar year, an employee may
continue to make contributions to the Visa Thrift Plan on an after-tax basis, subject to any applicable statutory limits.
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