Visa 2010 Annual Report Download - page 181
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Performance Level TSR Rank
Adjustment
Multiplier
Threshold 0 - 25% 75%
Target 50% 100%
Maximum 75% and above 125%
If the Performance Level for TSR Rank falls between Threshold and Target, or between Target and Maximum, then the Adjustment Multiplier shall be the
sum of the Adjustment Multiplier in the schedule above for the lower such Performance Level plus the product of (i) the difference between the Adjustment
Multiplier in the schedule above for the greater and lower such Performance Levels and (ii) a fraction, the numerator of which is the amount by which the
TSR Rank achieved exceeds the TSR Rank in the schedule above for the lower such Performance Level and the denominator of which is the difference
between TSR Ranks in the schedule above for the greater and lower of such Performance Levels. The Adjustment Multiplier for the TSR Rank shall never
exceed 125%. The product of the Base Percentage Performance Shares Earned and the Adjustment Multiplier shall be limited to a maximum of 200% and is
then multiplied by the grant amount to determine the number of Performance Shares earned.
(iv) Notification. As soon as practicable following the end of the Performance Cycle, the Participant shall be notified in writing of
the number of Performance Shares earned.
(b) Vesting. Subject to Sections 4 and 5 of this Agreement, one-half of the Performance Shares that are earned pursuant to Section 3(a)
shall become vested on each of November 30, 2012, and November 30, 2013.
(c) Separate Payments. For purposes of this Award and Agreement, each amount to be paid hereunder shall be construed as a separate
identified payment for purposes of Section 409A of the Code.
4. Separation from Service.
(a) In General. Except as otherwise provided in this Section 4 or in Section 5 of this Agreement or in the Plan, all Performance Shares
subject to this Award that have not become vested pursuant to Section 3(b) prior to the date of the Participant's Separation from Service shall be immediately
forfeited upon such Separation from Service.
(b) This Section 4(b) applies only in the event that (I) a Change of Control has not occurred prior to November 30, 2013, or (II) a Change
of Control has occurred prior to November 30, 2013, but the Participant's Separation from Service has not occurred within two years following the Change of
Control:
(i) Separation from Service by Reason of Death, Disability, Without Cause or Retirement Before the End of the Performance
Cycle: Upon a Participant's
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