Visa 2010 Annual Report Download - page 186

(c) If at any time the Shares are not registered under the Securities Act, and/or there is no current prospectus in effect under the Securities
Act with respect to the Shares, the Participant shall execute, prior to the delivery of any Shares to the Participant by the Company pursuant to this Agreement,
an agreement (in such form as the Company may specify) in which the Participant represents and warrants that the Participant is purchasing or acquiring the
Shares acquired under this Agreement for the Participant's own account, for investment only and not with a view to the resale or distribution thereof, and
represents and agrees that any subsequent offer for sale or distribution of any kind of such Shares shall be made only pursuant to either (i) a registration
statement on an appropriate form under the Securities Act, which registration statement has become effective and is current with regard to the Shares being
offered or sold; or (ii) a specific exemption from the registration requirements of the Securities Act, but in claiming such exemption the Participant shall, prior
to any offer for sale of such Shares, obtain a prior favorable written opinion, in form and substance satisfactory to the Company, from counsel for or approved
by the Company, as to the applicability of such exemption thereto.
14. Notices. All notices by the Participant or the Participant's successors or permitted assigns shall be addressed to the Company at 900 Metro
Center Blvd., Foster City, California 94404, Attention: Stock Plan Administrator, or such other address as the Company may from time to time specify. All
notices to the Participant shall be addressed to the Participant at the Participant's address in the Company's records.
15. Other Plans. The Participant acknowledges that any income derived from this Award shall not affect the Participant's participation in, or
benefits under, any other benefit plan or other contract or arrangement maintained by the Company or any Subsidiary or Affiliate.
16. Acceptance or Rejection of this Award. If you do not want to accept this Award, please complete the on-line form ("Accept or Reject Your
Grant") as promptly as possible, but, in any case, within thirty (30) days after the Grant Date, to reject this Award. You can access this on-line form through
your account at eac.Schwab.com. If you do not reject this Award within thirty (30) days after the Grant Date, you will have accepted this Award and agreed to
the terms and conditions set forth in this Agreement and the terms and conditions of the Plan.
17. Clawback Policy. Notwithstanding any other provision of this Agreement to the contrary, any cash incentive compensation received by the
Participant, Performance Shares granted and/or Shares issued hereunder, and/or any amount received with respect to any sale of any such Shares, shall be
subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of the Company's Clawback Policy, as it may
be amended from time to time (the "Policy"). The Participant agrees and consents to the Company's application. implementation and enforcement of (i) the
Policy or any similar policy established by the Company that may apply to the Participant and (ii) any provision of applicable law relating to cancellation,
rescission, payback or recoupment of compensation, and expressly agrees that the Company may take such actions as are necessary to effectuate the Policy,
any similar policy (as applicable to the Participant) or applicable law without further consent or action being required by the Participant. To the extent that the
terms of this Agreement and the Policy or any similar policy conflict, then the terms of such policy shall prevail.
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