Visa 2008 Annual Report Download - page 260

(b) Participant in the 2002 Plan Only. The benefit payable under the Excess Plan to an eligible Participant in the 2002 Plan only or his Beneficiary
shall equal (A) minus (B), as described below:
(A) The Retirement Income which would be payable to the Participant or his Beneficiary under the 2002 Plan (without regard to Appendix A) if
the limitations imposed by Sections 401(a)(17) and 415 of the Code did not apply. The 2002 Plan provides that a Participant's Retirement Income
with payments commencing at his Normal Retirement Date is equal to 1.25% per year of his Benefit Service (up to a maximum of 35 full years),
multiplied by his Final Average Earnings.
(B) The Retirement Income which is payable to the Participant or his Beneficiary under the 2002 Plan.
(c) Participant in the Cash Balance Plan Only. The benefit payable under the Excess Plan to an eligible Participant in the Cash Balance Plan only or
his Beneficiary shall equal (A) minus (B), as described below:
(A) The Retirement Income which would be payable to the Participant or his Beneficiary under the Cash Balance Plan (without regard to
Appendix A) if the limitations imposed by Sections 401(a)(17) and 415 of the Code did not apply. The Cash Balance Plan provides that a
Participant's Cash Balance Account is credited as of the last day of each calendar month with an amount equal to six percent (6%) of the
Participant's Earnings during the portion of the calendar month in which he is an Eligible Employee. In addition, a Participant's Cash Balance
Account is credited as of the last day of each calendar month during which the Participant retains a Cash Balance Account with an Interest Credit
as described in the Cash Balance Plan.
(B) The Retirement Income which is payable to the Participant or his Beneficiary under the Cash Balance Plan.
(d) Participant in the Pre-2002 and the 2002 Plan. The benefit payable under the Excess Plan to an eligible Participant in the Pre-2002 Plan and the
2002 Plan or his Beneficiary shall equal the sum of the benefits that would have been payable with respect to the Participant under subparagraphs
(a) and (b) of this Section 3 determined as if (i) both of those subparagraphs had applied to the Participant and (ii) subparagraph (b)(A) of this Section 3
stated that the Participant's Retirement Income under the 2002 Plan with payments commencing at his Normal Retirement Date is equal to 1.25% per
year of his Benefit Service (up to a maximum of 35 full years) multiplied by his Final Average Earnings, minus the Participant's Retirement Income
commencing at his Normal Retirement Date under the Pre-2002 Plan, but never less than zero.
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