Visa 2008 Annual Report Download - page 332

6. The Board of Directors shall determine, or designate appropriate persons to determine, appropriate actions to be taken in the event of violations of the
Code of Business Conduct and Ethics or of these additional policies by the CEO and the Company's senior financial officers. Such actions shall be
reasonably designed to deter wrongdoing and to promote accountability for adherence to the Code of Business Conduct and Ethics and to these
additional policies, and shall include written notices to the individual involved that the Board has determined that there has been a violation, censure by
the Board, demotion or re-assignment of the individual involved, suspension with or without pay or benefits (as determined by the Board) and
termination of the individual's employment. In determining what action is appropriate in a particular case, the Board of Directors or such designee shall
take into account all relevant information, including the nature and severity of the violation, whether the violation was a single occurrence or repeated
occurrences, whether the violation appears to have been intentional or inadvertent, whether the individual in question had been advised prior to the
violation as to the proper course of action and whether the individual in question had committed other violations in the past.
8