Visa 2010 Annual Report Download - page 182

Separation from Service before the end of the Performance Cycle (A) due to death or Disability (as defined below), (B) either by the Company, a Subsidiary
or an Affiliate without Cause (as defined below), or (C) by the Participant at or after attainment of normal retirement eligibility under the generally applicable
retirement plan of the Company, a Subsidiary or an Affiliate under which the Participant is covered in his or her home country ("Retirement"), then the
Participant shall be fully vested, as of November 30, 2012, in all of the Performance Shares that would have been both earned pursuant to Section 3(a)(iii),
and vested pursuant to Section 3(b), had the Participant remained in employment through November 30, 2013.
(ii) Separation from Service by Reason of Death, Disability, Without Cause or Retirement After the End of the Performance Cycle:
Upon a Participant's Separation from Service after the end of the Performance Cycle (A) due to death or Disability, (B) either by the Company, a Subsidiary
or an Affiliate without Cause, or (C) by the Participant by reason of Retirement, then the Participant shall be fully vested, as of the date of such Separation
from Service, or if later, as of November 30, 2012, in all of his or her Performance Shares that had been earned pursuant to Section 3(a)(iii) but had not yet
vested under Section 3(b) as of the date of such Separation from Service.
(iii) Separation from Service, Whether Before or After the End of the Performance Cycle, by the Company for Cause or by the
Participant Other than by Reason of Death, Disability, or Retirement: Upon a Participant's Separation from Service, whether before or after the end of the
Performance Cycle, (A) by the Company for Cause, or (B) by the Participant other than by reason of death, Disability or Retirement, then any and all of the
Performance Shares that have not vested as the date of such Separation from Service shall be forfeited.
5. Change of Control.
(a) This Section 5(a) applies (I) only in the event that (A) a Change of Control has occurred prior to November 30, 2013, and (B) the
Participant's Separation from Service has occurred within two years following the Change of Control, and (II) notwithstanding any provision in Sections 2, 3
or 4 of this Agreement to the contrary:
(i) Separation from Service by Reason of Death, Disability, Without Cause, Good Reason or Retirement Before the End of the
Performance Cycle: Upon a Participant's Separation from Service before the end of the Performance Cycle (A) due to death or Disability, (B) either by the
Company, a Subsidiary or an Affiliate without Cause, (C) by the Participant for Good Reason (as defined below) or (D) by the Participant by reason of
Retirement, then, as of the date of such Separation from Service, the Participant will become vested in that number of Performance Shares subject to this
Award that would have been earned under Section 3(a)(iii), as of the end of the Performance Cycle, based on the deemed achievement of the Target
Performance Level (within the meaning of Section 3(a)(iii)).
(ii) Separation from Service by Reason of Death, Disability, without Cause, Good Reason or Retirement After the End of the
Performance Cycle: Upon a Participant's Separation from Service after the end of the Performance Cycle (A) due to death or Disability, (B) either by the
Company, a Subsidiary or an Affiliate without Cause, (C) by the Participant for Good Reason or (D) by the Participant by reason of Retirement, then the
Participant shall be fully vested, as of such Separation from Service, or if later, as of November 30, 2012, in all of his or her Performance Shares that have
been earned pursuant to Section
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