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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________________________________________
FORM 8-K
______________________________________________ 
Current Report
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
May 29, 2024
______________________________________________
MATTEL, INC.
(Exact name of registrant as specified in its charter)
 ______________________________________________
 
Delaware
 
001-05647
 
95-1567322
(State or other jurisdiction
of incorporation)
 
(Commission
File No.)
 
(I.R.S. Employer
Identification No.)
333 Continental Boulevard
El Segundo, California 90245-5012
(Address of principal executive offices)
Registrant's telephone number, including area code
(310) 252-2000
N/A
(Former name or former address, if changed since last report)
  ______________________________________________ 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock, $1.00 per share
MAT
The Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of
1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act.    
Section 5 – Corporate Governance and Management
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On May 29, 2024, at the annual meeting of stockholders (the "2024 Annual Meeting") of Mattel, Inc. ("Mattel"), Mattel's
stockholders approved the amendment and restatement of the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term
Compensation Plan (the "2024 Amendment and Restatement"). The 2024 Amendment and Restatement, effective May 29,
2024, amends the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan (as amended, the
"Plan").
Under the 2024 Amendment and Restatement, the only change to the Plan is to extend the termination date of the Plan to March
21, 2034. The Plan, including the 2024 Amendment and Restatement, is described in more detail in Mattel's Definitive Proxy
Statement on Schedule 14A, as filed with the Securities and Exchange Commission on April 17, 2024 (the "Proxy Statement").
The foregoing summary description and the summary contained in the Proxy Statement do not purport to be complete and are
qualified in their entirety by reference to the full text of the Plan, a copy of which is attached hereto as Exhibit 10.1.
Item  5.07. Submission of Matters to a Vote of Security Holders.
The 2024 Annual Meeting was held on May 29, 2024.
All of the nominees for director listed in Proposal 1 in the Proxy Statement were elected by a majority of the votes cast, as
follows:
Name of Nominee
Votes Cast
"FOR"
Votes Cast
"AGAINST" 
Abstentions
Broker
Non-Votes
Adriana Cisneros
302,144,499
3,390,525
212,713
16,823,830
Diana Ferguson
302,512,762
3,093,105
141,870
16,823,830
Julius Genachowski
302,358,341
3,206,622
182,774
16,823,830
Prof. Noreena Hertz
299,418,836
6,172,011
156,890
16,823,830
Ynon Kreiz
297,557,876
7,962,785
227,076
16,823,830
Soren Laursen
304,181,079
1,423,017
143,641
16,823,830
Roger Lynch
303,250,254
2,241,244
256,239
16,823,830
Dominic Ng
302,697,360
2,894,757
155,620
16,823,830
Dr. Judy Olian
301,215,388
4,389,537
142,812
16,823,830
Dawn Ostroff
303,802,646
1,793,970
151,121
16,823,830
Proposal 2, a proposal to ratify the selection of PricewaterhouseCoopers LLP as Mattel's independent registered public
accounting firm for the year ending December 31, 2024, was approved by the following vote:
Votes Cast "FOR"
Votes Cast "AGAINST"
Abstentions
Broker Non-Votes
317,286,423
4,984,369
300,775
N/A
Proposal 3, a proposal to approve, on a non-binding, advisory basis, the compensation of Mattel's named executive officers, was
approved by the following vote:
Votes Cast "FOR"
Votes Cast "AGAINST"
Abstentions
Broker Non-Votes
298,572,260
6,883,601
291,876
16,823,830
Proposal 4, a proposal to approve the 2024 Amendment and Restatement, was approved by the following vote:
Votes Cast "FOR"
Votes Cast "AGAINST"
Abstentions
Broker Non-Votes
266,832,715
38,606,480
308,542
16,823,830
Proposal 5, a stockholder proposal requesting additional disclosure regarding political contributions and expenditures, was not
approved by the following vote:
Votes Cast "FOR"
Votes Cast "AGAINST"
Abstentions
Broker Non-Votes
26,259,960
278,254,674
1,233,103
16,823,830
Section 8 – Other Events
Item 8.01 Other Events.
Effective as of May 29, 2024, Roger Lynch has been elected by Mattel's Board of Directors to serve as Mattel's Independent
Lead Director.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
 
Exhibit No.
  
Exhibit Description
10.1
104
Cover Page Interactive Data File (embedded within the Inline XBRL Document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
 
MATTEL, INC.
Registrant
By:
/s/ Jonathan Anschell
 
Name:
Jonathan Anschell
 
Title:
Executive Vice President, Chief Legal
Officer, and Secretary
Dated: June 4, 2024
MATTEL, INC.
AMENDED AND RESTATED 2010 EQUITY AND
LONG-TERM COMPENSATION PLAN
1. Purpose. The purpose of the Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation
Plan (the “Plan”) is to promote the interests of Mattel, Inc., a Delaware corporation (“Mattel”), and its
stockholders by enabling the Company to offer an opportunity to employees, Outside Directors, and Consultants
to receive grants of equity-based and cash-based incentive awards, so as to better attract, retain, and reward
them, to align the individual interests of the employees, Outside Directors and Consultants to those of Mattel
stockholders and to provide such individuals with an incentive for outstanding performance to generate superior
returns to Mattel stockholders.
2. Definitions. For purposes of the Plan, the following terms shall have the meanings set forth below.
(a) “Affiliate” means a corporation or other entity controlled by, controlling or under common control with,
Mattel, other than a Subsidiary. For purposes of determining eligibility for grants of Non-Qualified Stock
Options and Stock Appreciation Rights or whether a Participant has experienced a “separation from service” (as
such term is defined and used in Code Section 409A), an Affiliate means a “service recipient” (within the
meaning of Code Section 409A); provided that such definition of “service recipient” shall be determined by (a)
applying Code Section 1563(a)(1), (2) and (3), for purposes of determining a controlled group of corporations
under Code Section 414(b), using the language “at least 50 percent” instead of “at least 80 percent” each place it
appears in Code Section 1563(a)(1), (2) and (3), and by applying Treasury Regulations Section 1.414(c)-2, for
purposes of determining trades or businesses (whether or not incorporated) that are under common control for
purposes of Code Section 414(c), using the language “at least 50 percent” instead of “at least 80 percent” each
place it appears in Treasury Regulations Section 1.414(c)-2, and (b) where the use of the following modified
definition is based upon legitimate business criteria, by applying Code Section 1563(a)(1), (2) and (3), for
purposes of determining a controlled group of corporations under Code Section 414(b), using the language “at
least 20 percent” instead of “at least 80 percent” at each place it appears in Code Section 1563(a)(1), (2) and (3),
and by applying Treasury Regulations Section 1.414(c)-2, for purposes of determining trades or businesses
(whether or not incorporated) that are under common control for purposes of Code Section 414(c), using the
language “at least 20 percent” instead of “at least 80 percent” at each place it appears in Treasury Regulations
Section 1.414(c)-2.
(b) “Annual Cash Retainer” has the meaning given in Section 15(b).
(c) “Annual Grant” has the meaning given in Section 14(a).
(d) “Annual Meeting” means an annual meeting of stockholders of Mattel.
(e) “Board” means the Board of Directors of Mattel.
(f) “Business Combination” has the meaning given in Section 18(b)(iii).
(g) “Cause” means (i) “Cause” as defined in the Participant’s Individual Agreement, or (ii) if the Participant
does not have an Individual Agreement or if it does not define “Cause,” (A) a Participant’s neglect of significant
duties he or she is required to perform or a Participant’s violation of a material Company policy; (B) the
commission by a Participant of an act of dishonesty, fraud, misrepresentation or other act of moral turpitude;
(C) a Participant’s act or omission in the course of his or her employment which constitutes gross negligence; or
(D) willful failure by a Participant to obey a lawful direction of the Board or the Company.
(h) “Change in Control” has the meaning given in Section 18(b), as modified by Section 18(c).
(i) “Code” means the United States Internal Revenue Code of 1986, as amended, the United States Treasury
Regulations thereunder and other relevant interpretive guidance issued by the United States Internal Revenue
EXHIBIT 10.1
Service or the United States Treasury Department. Reference to any specific section of the Code shall be
deemed to include such regulations and guidance, as well as any successor provision of the Code.
(j) “Committee” means the committee designated by the Board to administer the Plan in accordance with
Section 3(a) below.
(k) “Common Stock” means the common stock of Mattel, $1.00 par value per share, or any security issued in
substitution, exchange, or in lieu thereof.
(l) “Company” means Mattel or any successor corporation, together with its Subsidiaries, as well as any
Affiliate that is designated for participation in the Plan pursuant to Section 3(e), collectively or individually as
the context requires.
(m) “Consultant” means any consultant or adviser engaged to provide services to the Company or any
Subsidiary that qualifies as a consultant under the applicable rules of the Securities and Exchange Commission
for registration of shares on a Form S-8 Registration Statement.
(n) “Corporate Transaction” has the meaning given in Section 17(a).
(o) “Covered Employee” means any Participant who is or may be a “covered employee” (within the meaning of
Code Section 162(m)(3)) in the tax year in which the Company is expected to claim a compensation deduction
with respect to any Grant, as determined by the Committee.
(p) “Disability” a Participant’s Severance will be considered to have occurred because of Disability if: (i) in the
case of a Participant who was (before his or her Severance) an employee of the Company, there has been a
determination that the Participant is permanently disabled and entitled to benefits under the applicable group
long-term disability plan of the Company or, if there is no such applicable plan, under any government plan,
program or related laws and regulations applicable to the Participant; and (ii) in the case of a Participant who
was (before his or her Severance) an Outside Director or other non-employee service provider, the Committee
determines that the Participant’s membership on the Board or status as a service provider has terminated as a
result of his or her disability. Notwithstanding the foregoing, if a Severance that meets the foregoing definition
of Disability is also a Retirement, it shall be treated for all purposes under the Plan as a Retirement and not a
Disability. In addition, with respect to an Incentive Stock Option, Disability means a permanent and total
disability as defined in Code Section 22(e)(3) and, with respect to all Grants, to the extent Grants are subject to
Code Section 409A, “disability” within the meaning of Code Section 409A. For the avoidance of doubt, a
Severance that occurs by reason of a Participant’s voluntary termination of his or her employment with the
Company during his or her Disability shall not be considered to have occurred because of Disability.
(q) “Disaffiliation” means a Subsidiary’s or Affiliate’s ceasing to be a Subsidiary or Affiliate for any reason
(including, without limitation, as a result of a public offering, or a spinoff or sale by Mattel, of the stock of a
Subsidiary or Affiliate) or a sale of a division of the Company.
(r) “Dividend Equivalent” means a right, granted pursuant to Section 12, to receive payments, in cash or
Common Stock, representing the dividends and other distributions with respect to a specified number of
hypothetical shares of Common Stock, as and when such other dividends and other distributions are actually
made to holders of Common Stock.
(s) “Exchange Act” means the United States Securities Exchange Act of 1934, as amended and in effect from
time to time, or any successor statute.
(t) “Fair Market Value” means, unless a different method or value is determined by the Committee or required
under applicable law, the closing price of the Common Stock on the Nasdaq Stock Market at the close of
normal trading hours for that day, or, if the Nasdaq Stock Market is closed on that day, the last preceding day on
which the Nasdaq Stock Market was open.
(u) “Free-Standing Stock Appreciation Right” means a Stock Appreciation Right not granted in conjunction
with an Option.
(v) “Full-Value Grant” means any Grant other than an Option or Stock Appreciation Right.
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(w) “Full-Value Share Debiting Rate” has the meaning given in Section 5(b)(i).
(x) “Grant” means an award of an Option, Restricted Stock, Restricted Stock Units, Stock Appreciation Right,
Dividend Equivalents, a Performance Award or unrestricted shares of Common Stock under the Plan. All
Grants shall be evidenced by, and subject to the terms of, a written agreement, which agreement may (i) include,
in the Company’s discretion, restrictive covenants, where lawful, and (ii) define additional Activities Against
the Company’s Interest (within the meaning of Section 19(c)). Any reference herein to an agreement in writing
shall be deemed to include an electronic writing to the extent permitted by applicable law.
(y) “Incentive Stock Option” means an option to purchase Common Stock that is specifically designated as an
incentive stock option under Code Section 422 and that qualifies as such.
(z) “Incumbent Board” has the meaning given in Section 18(b)(ii).
(aa) “Individual Agreement” of a Participant means any individual employment or severance agreement
between the Company and the Participant or a Company severance arrangement applicable to the Participant.
(bb) “Involuntary Retirement” means the Severance of a Participant that is classified by the Company in its
human resources database as an involuntary separation and that qualifies as a Retirement.
(cc) “Mattel” has the meaning given in Section 1 above.
(dd) “Non-Qualified Stock Option” means an option to purchase Common Stock that is specifically designated
as not being an Incentive Stock Option or that is designated as an Incentive Stock Option but fails to qualify as
such.
(ee) “Option” means an Incentive Stock Option or a Non-Qualified Stock Option.
(ff) “Outside Director” means a director of Mattel who is not also an employee of the Company.
(gg) “Outstanding Mattel Common Stock” has the meaning given in Section 18(b)(i).
(hh) “Outstanding Mattel Voting Securities” has the meaning given in Section 18(b)(i).
(ii) “Participant” means a person who has received a Grant.
(jj) “Performance Award” means a cash bonus award, stock bonus award, performance award or other incentive
award that is paid in cash, shares of Common Stock or a combination of both, awarded under Section 13.
(kk) “Performance Goals” means performance goals established by the Committee in connection with any
Grant. Such goals may be based on one or more of the following business criteria with respect to Mattel, any
Subsidiary or Affiliate or any of their respective worldwide operations, regional operations, country specific
operations and/or subsidiaries, business units, affiliates, corporations, divisions or employees and/or brands,
groups of brands or specific brands: net operating profit after taxes (“NOPAT”); NOPAT less a capital charge;
return on capital employed; revenue; earnings per share; earnings per share before or after funding for some or
all of the Company’s incentive programs; operating profit; operating profit less a charge on one or more of the
following items: working capital, inventory or receivables; net income; return on equity; cash flow return on
investment; return on invested capital or assets; fair market value of stock; total stockholder return; EBIT;
EBITA; EBITDA; OBIT; OBITDA; operating margin, gross margin, cash margin, cash generation; free cash
flow; unit volume; market share; sales; asset quality; return on assets; return on operating assets; cost-saving
levels; operating income; marketing-spending efficiency; core non-interest income; change in working capital;
sales and sales unit volume; strategic partnerships and transactions and marketing initiatives; or any other
measure or metric the Committee deems appropriate, any of which may be measured either in absolute terms or
as compared to any incremental increase or decrease or as compared to results of other companies or to market
performance indicators or indices.
(ll) “Person” has the meaning given in Section 18(b)(i).
(mm) “Plan” means this Mattel, Inc. Amended and Restated 2010 Equity and Long-Term Compensation Plan,
as it may be amended or amended and restated from time to time.
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(nn) “Program” means any program adopted by the Committee pursuant to the Plan containing the terms and
conditions intended to govern a specified type of Grant awarded under the Plan and pursuant to which such type
of Grant may be awarded under the Plan.
(oo) “Recapture” has the meaning given in Section 19(a).
(pp) “Rescission” has the meaning given in Section 19(a).
(qq) “Restricted Stock” means shares of Common Stock issued pursuant to Section 11 below that are subject to
restrictions on ownership.
(rr) “Restricted Stock Units” means a Grant denominated in hypothetical shares of Common Stock granted
pursuant to Section 11 below, to be settled, subject to the terms and conditions of the Restricted Stock Units,
either by delivery of shares of Common Stock or by the payment of cash based upon the Fair Market Value of a
specified number of shares, or a combination.
(ss) “Retirement” means the Severance of a Participant who is an employee of the Company or an Outside
Director, other than as a result of the Participant’s death or termination by the Company for Cause, at a time
when the Participant has (i) attained at least 55 years of age, and (ii) completed at least ten Years of Service (or
five Years of Service for any Grants made under the Plan prior to the date of the annual employee grants made
in 2023). Notwithstanding the foregoing, the Committee may establish such other criteria governing the
occurrence of a Retirement for purposes of the Plan, in its sole discretion.
(tt) “Rule 16b-3” means Rule 16b-3 promulgated by the Securities and Exchange Commission under the
Exchange Act and as amended from time to time.
(uu) “Section 16 Officer” means a person or entity that is subject to the provisions of Section 16 of the
Exchange Act.
(vv) “Section 409A Grant” has the meaning given in Section 20(d).
(ww) “Severance” of a Participant means (i) for purposes of Grants made to a Participant as compensation for
services as an employee of the Company, that the Participant has ceased to be an employee of the Company for
any reason, regardless of whether the Participant serves as an other service provider to the Company thereafter;
provided, however, that a Participant who continues to serve as an Outside Director immediately after such
Participant has ceased to be an employee of the Company shall not be considered to have had a Severance with
the Company by reason of such Participant ceasing to be an employee of the Company; (ii) for purposes of
Grants made to a Participant as compensation for services as an Outside Director, that the Participant has ceased
to be an Outside Director for any reason, and is neither employed by, nor providing services to, the Company in
any other capacity; and (iii) for purposes of Grants made to a Participant as compensation for services in any
capacity other than as an employee of the Company or an Outside Director, that the Participant has ceased (in
the sole and absolute judgment and discretion of the Company) to provide such services, and is neither
employed by the Company nor serving as an Outside Director. Severance shall be considered to occur at the
close of business on the day on which the applicable relationship to the Company ends, whether or not that day
is also the Participant’s last day worked (regardless of whether or not his or her Severance is later found to be
invalid or in breach of applicable laws, rules and regulations governing the Participant’s employment or the
performance of services or any applicable agreement governing the Participant’s employment or the
performance of services) and shall not be extended by any notice period; provided, that the Company may in its
sole discretion establish in writing a different date on which a particular Participant’s Severance shall be
considered to occur. If a Participant is employed by or providing services to a Subsidiary or Affiliate that ceases
to be a Subsidiary or Affiliate for any reason (including, without limitation, as a result of a public offering, or a
spinoff or sale by the Company, of the stock of a Subsidiary), the relationship of the Participant to the Company
as an employee or service-provider, as applicable, shall be considered to have ended as a result of that cessation
unless that relationship is transferred to Mattel or one of its continuing Subsidiaries or Affiliates in connection
therewith. Notwithstanding the foregoing, with respect to any Grant subject to Code Section 409A (and not
exempt therefrom), “Severance” of a Participant means a Participant’s “separation from service” (as such term
is defined and used in Code Section 409A).
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(xx) “Share Change” has the meaning given in Section 17(a).
(yy) “Stock Appreciation Right” means a right granted pursuant to Section 8 below to receive a payment in
cash, shares of Common Stock or any combination thereof with respect to a specified number of shares of
Common Stock equal to the excess of the Fair Market Value of the Common Stock on the date the right is
exercised over the exercise price of the Stock Appreciation Right.
(zz) “Subsidiary” means any corporation (other than Mattel) in an unbroken chain of corporations beginning
with Mattel if each of the corporations (other than the last corporation in the unbroken chain) owns stock
possessing 50% or more of the total combined voting power of all classes of stock in one of the other
corporations in the chain, as determined in accordance with the rules of Code Section 424(f).
(aaa) “Substitute Grant” has the meaning given in Section 5(a). Such Substitute Grants shall be on such terms
and conditions as the Committee may prescribe, subject to compliance with the Incentive Stock Option
requirements of Code Section 422 and the nonqualified deferred compensation requirements of Code Section
409A, where applicable.
(bbb) “Tandem Stock Appreciation Right” means a Stock Appreciation Right granted in conjunction with an
Option.
(ccc) “Ten Percent Stockholder” means any person who owns (after taking into account the constructive
ownership rules of Code Section 424(d)) more than ten percent of the capital stock of Mattel or of any of its
Subsidiaries or “parent corporation” (as defined in Code Section 424(e)).
(ddd) “Term” means the period of time from the date of grant of an Option or Stock Appreciation Right through
the latest date on which it may be exercised, as determined by the Committee.
(eee) “Termination” has the meaning given in Section 19(a).
(fff) “2005 Plan” means the Mattel, Inc. 2005 Equity Compensation Plan, as amended.
(ggg) “2010 Annual Meeting” means the Annual Meeting that occurs in 2010.
(hhh) “Years of Service” of a Participants shall mean the aggregate period of time, expressed as a number of
whole years and fractions thereof, during which the Participant served without interruption as an employee of
the Company and/or an Outside Director; provided, that a period of such service before an interruption shall be
included in determining Years of Service to the extent such service is recognized under the Company’s
applicable general policy with respect to service recognition.
3. Administration.
(a) The Plan shall be administered by the Compensation Committee of the Board, or such other
committee of Board members as the Board may designate from time to time (the “Committee”);
provided, that the Committee shall at all times have at least three members; that the members of the
Committee shall all qualify as “non-employee directors” for purposes of Rule 16b-3, and shall meet the
independence requirements of the listing standards of the Nasdaq Stock Market; and that the
Committee may include all members of the Board, if they all meet the foregoing requirements,
provided, that any action taken by the Committee shall be valid and effective, whether or not members
of the Committee at the time of such action are later determined not to have satisfied the requirements
for membership set forth in this Section 3(a) or otherwise provided in any charter of the Committee.
(b) The Committee may conduct its meetings in person or by telephone. Except to the extent provided
in the charter of the Committee, one-third of the members of the Committee shall constitute a quorum,
and any action shall constitute the action of the Committee if it is authorized by a majority of the
members present at any meeting or by all of the members in writing without a meeting.
(c) The Committee is authorized to construe and interpret the Plan, the rules and regulations under the
Plan, and all Grants under the Plan; and to adopt, amend and rescind rules and procedures relating to
the administration of the Plan as, in its opinion, may be advisable in the administration of the Plan;
5
and, except as provided herein, to make all other determinations deemed necessary or advisable under
the Plan, including, except to the extent prohibited in Section 18(a) of the Plan, the ability to provide
for the acceleration of Grants under the Plan. All actions of the Committee in connection with the
construction, interpretation and administration of the Plan and the Grants shall be final, conclusive, and
binding upon all parties.
(d) The Committee may, except to the extent prohibited by its charter, applicable laws or regulations or
the listing standards of the Nasdaq Stock Market, allocate all or any portion of its responsibilities and
powers to any one or more of its members or to any other person or persons selected by it, including
without limitation to the Chief Executive Officer of Mattel. Any such delegation may be limited or
indefinite in duration, as the Committee shall determine, but shall be subject to revocation by the
Committee, at any time. Notwithstanding the foregoing, the Committee shall not make any delegation
of its authority with regard to the granting of Grants to Section 16 Officers, except to the extent
permitted by Rule 16b-3.
(e) The Committee may, but need not, designate any Affiliate to participate in the Plan.
(f) The Committee, in its sole discretion, shall have the power and authority to adopt one or more
Programs under the Plan from time to time containing such terms and conditions as the Committee
may determine or deem appropriate in its discretion.
4. Duration of Plan.
(a) The 2010 Equity and Long-Term Compensation Plan was originally effective as of the date of the
2010 Annual Meeting (the “Effective Date”); this Amended and Restated 2010 Equity and Long-Term
Compensation Plan shall be effective upon approval by stockholders at the annual meeting of
stockholders held in 2024.
(b) Unless terminated earlier pursuant to Section 22, the Plan shall terminate on March 21, 2034,
except with respect to Grants then outstanding.
5. Shares Available; Vesting Limitations.
(a) Aggregate Limit. The maximum number of shares of Common Stock which may be issued pursuant
to Grants under the Plan shall be equal to the sum of (x) 130.2 million shares of Common Stock and
(y) the number of shares of Common Stock which as of the Effective Date remained available for
issuance under the 2005 Plan (the “Overall Share Limit”). The number of shares authorized for grant as
Incentive Stock Options shall be no more than the Overall Share Limit. The foregoing shall be subject
to adjustment as provided below in this Section 5 and in Section 17. Notwithstanding the foregoing, if
a Grant (a “Substitute Grant”) is made pursuant to the conversion, replacement or adjustment of
outstanding equity awards in connection with any acquisition, merger or other business combination or
similar transaction involving the Company, the Overall Share Limit shall not be reduced as a result, to
the extent the Substitute Grant is permitted without stockholder approval by the listing standards of the
Nasdaq Stock Market.
(b) General Share-Counting Rules.
(i) A Full-Value Grant shall reduce the number of shares available under the Plan by the Full-Value
Share Debiting Rate multiplied by the number of shares that are subject to the Grant, and an Option or
Stock Appreciation Right shall reduce the number of shares available under the Plan by one share for
each share that is subject to the Grant (for the avoidance of doubt, in the event that a Stock
Appreciation Right may be settled in shares, the number of shares deemed subject to the Grant for
purposes of this sentence shall be the number of shares with respect to which such Stock Appreciation
Right may be exercised and not the number of shares that may be distributed in settlement of such
exercise). The “Full-Value Share Debiting Rate” means:
(A) with respect to Full-Value Grants granted prior to March 1, 2019, three (3.0);
6
(B) with respect to Full- Value Grants granted on or after March 1, 2019 but on or prior to
March 1, 2020, two and seven-tenths (2.7);
(C) with respect to Full-Value Grants granted after March 1, 2020 but on or prior to March 1,
2021, two and thirty-five-hundredths (2.35);
(D) with respect to Full-Value Grants granted after March 1, 2021 but on or prior to March 1,
2022, one and nine-tenths (1.9); and
(E) with respect to Full-Value Grants granted after March 1, 2022, one and five-tenths (1.5).
(ii) Notwithstanding anything to the contrary contained herein, the following shares of Common Stock
shall be counted against the number of shares available under the Plan and shall not be added back to
the shares authorized for grant under this Section 5: (A) shares tendered by the Participant in payment
of the grant or exercise price of an Option or other Grant, (B) shares tendered by the Participant or
withheld by the Company to satisfy any tax withholding obligation with respect to a Grant and (C)
shares purchased on the open market with the cash proceeds from the exercise of Options. To the
extent that the Company grants Restricted Stock, any shares subject to the Restricted Stock
repurchased by the Company under Section 11(c)(iii) at the same price paid by the Participant so that
such shares are returned to the Company shall again be available for Grants.
(c) Addbacks Relating to Options and Stock Appreciation Rights. If any Option (with or without a
Tandem Stock Appreciation Right) or Free-Standing Stock Appreciation Right is forfeited or otherwise
terminates or expires without having been exercised, or is settled for cash, the shares subject to that
Grant shall again be available for Grants under the Plan. Notwithstanding the provisions of this Section
5, no shares may again be optioned, granted or awarded if such action would cause an Incentive Stock
Option to fail to qualify as an incentive stock option under Code Section 422.
(d) Addbacks Relating to Full-Value Grants. To the extent that a Full-Value Grant is forfeited or
otherwise terminates or expires without shares having been issued, or is settled for cash, the number of
shares available under the Plan shall be increased by the Full-Value Share Debiting Rate actually used
for such Full-Value Grant to reduce the number of shares available under the Plan, multiplied by the
number of shares subject to such Full-Value Grant that is forfeited, not issued or is settled in cash.
(e) Individual Limit. Notwithstanding any provision in the Plan to the contrary, subject to adjustment as
provided below in Section 17, the maximum number of shares as to which Grants (i.e., Options,
Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Dividend Equivalents,
Performance Awards or unrestricted shares of Common Stock) may be made to a single Participant in a
single calendar year is five million, and the maximum aggregate amount of cash that may be paid in
cash during any calendar year with respect to one or more cash-based Grants payable is $20,000,000.
Notwithstanding any provision in the Plan to the contrary, the sum of the aggregate grant date fair
value of equity-based Grants and the amount of any cash-based Grants or other cash fees that may be
granted or paid to a single Outside Director as compensation for services as an Outside Director in a
single calendar year shall not exceed $750,000.
(f) Stock Distributed. Any Common Stock distributed pursuant to a Grant may consist, in whole or in
part, of authorized and unissued Common Stock, treasury Common Stock or Common Stock purchased
on the open market.
(g) Award Vesting Limitations. Notwithstanding any other provision of the Plan to the contrary, but
subject to Sections 17 and 18 of the Plan, Grants (excluding for this purpose any Substitute Grants or
shares delivered in lieu of fully vested cash-denominated Grants) made under the Plan on or after May
17, 2018 shall vest no earlier than the first anniversary of such Grant’s date of grant; provided,
however, that, notwithstanding the foregoing, Grants that result in the issuance of an aggregate of up to
5% of the shares of Common Stock available pursuant to this Section 5 (as such number of shares of
Common Stock may be increased from time to time in accordance with the Plan) may be granted to
any one or more Participants without respect to such minimum vesting provisions. For purposes of
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Grants to non-employee directors, a vesting period will be deemed to be one year if it runs from the
date of one Annual Meeting to the next Annual Meeting; provided the next Annual Meeting is at least
50 weeks after the immediately preceding year’s Annual Meeting. Notwithstanding the foregoing,
nothing in this Section 5(g) shall preclude or limit any Grant or other arrangement (or any action by the
Committee) from providing for accelerated vesting of such Grant in connection with or following a
Participant’s death, Disability or Severance.
6. Eligibility. Persons eligible to receive Grants under the Plan shall consist of employees of the Company,
Outside Directors, and Consultants. However, Incentive Stock Options may only be granted to individuals who
are employees of Mattel or a Subsidiary, and Grants to Outside Directors for service as such shall be made only
pursuant to Sections 14 and 15 below.
7. Options.
(a) Grants of Options under the Plan shall be made on such terms and in such form as the Committee
may approve, which shall not be inconsistent with the provisions of the Plan, but which need not be
identical from Option to Option.
(b) The exercise price per share of Common Stock purchasable under an Option shall be set forth in the
Option. Except in the case of Substitute Grants, the per-share exercise price of a Non-Qualified Stock
Option shall be no less than 100% of the Fair Market Value of a share of Common Stock on the date of
grant, and the per-share exercise price of an Incentive Stock Option, shall be no less than:
(i) 110% of the Fair Market Value of a share of Common Stock on the date of grant in the
case of a Ten Percent Stockholder; or
(ii) 100% of the Fair Market Value of a share of Common Stock on the date of grant in the
case of any employee who is not a Ten Percent Stockholder.
(c) Except in the case of Substitute Grants, the aggregate Fair Market Value (determined as of the date
of grant) of the number of shares of Common Stock with respect to which Incentive Stock Options are
exercisable for the first time by a Participant during any calendar year shall not exceed $100,000 or
such other limit as may be required by Code Section 422.
(d) The timing and conditions for vesting and/or exercisability of Options shall be determined by the
Committee, and may include continued services to the Company for a specified period and/or the
achievement of one or more Performance Goals, or such other events or requirements as the
Committee may determine.
8. Stock Appreciation Rights.
(a) Stock Appreciation Rights may be granted as Tandem Stock Appreciation Rights in conjunction
with all or part of an Option granted under the Plan, or as Free-Standing Stock Appreciation Rights.
Tandem Stock Appreciation Rights associated with Non-Qualified Stock Options may be granted
either at the time the Non-Qualified Stock Option is granted or thereafter. Tandem Stock Appreciation
Rights associated with Incentive Stock Options may be granted only at the time the Incentive Stock
Option is granted.
(b) A Tandem Stock Appreciation Right shall have the same exercise price as, and shall vest, be
exercisable and terminate, at the same time as the associated Option. The exercise of a Tandem Stock
Appreciation Right in whole or in part shall result in the termination of the associated Option to the
same extent, and vice versa.
(c) Except in the case of Substitute Grants, the per-share exercise price of a Free-Standing Stock
Appreciation Right shall be no less than 100% of the Fair Market Value of a share of Common Stock
on the date of grant. The timing and conditions for vesting and/or exercisability of a Free-Standing
Stock Appreciation Right shall be determined by the Committee, and may be conditioned upon
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continued services to the Company and/or the achievement of one or more Performance Goals, or such
other events or requirements as the Committee may determine.
9. Exercise of Options and SARs.
(a) Options and Stock Appreciation Rights shall be exercised by following such procedures as may be
established by Mattel from time to time, including through any automated system that Mattel may
establish for itself or using the services of a third party, such as a system using an internet website or
interactive voice response. Such procedures may be different for different Participants, different groups
of Participants, and/or different Grants.
(b) In order to exercise an Option, the holder thereof must make full payment of the exercise price in
accordance with such methods as the Committee may approve from time to time. As of the Effective
Date, the following methods by which payment may be made are:
(i) cash; and
(ii) by the delivery to Mattel or its designated agent of a written or electronic notice that the
Participant has placed a market sell order with a broker acceptable to the Company with
respect to shares of Common Stock then issuable upon exercise of an Option, and that the
broker has been directed to pay a sufficient portion of the net proceeds of the sale to the
Company in satisfaction of the aggregate payments required; provided, that payment of such
proceeds is then made to the Company upon settlement of such sale.
(c) The Committee may establish such procedures as it deems appropriate for the exercise of Options
and Stock Appreciation Rights (i) by the guardian or legal representative of a Participant who is
incapacitated (regardless of whether such incapacity constitutes Disability), and (ii) by a transferee
thereof as contemplated by Section 16.
10. Termination of Options and Stock Appreciation Rights; Effect of Severance.
(a) Each Option and Stock Appreciation Right shall terminate not later than the end of its Term. Unless
a shorter term is specifically provided for by the Committee, the Term of an Option or Stock
Appreciation Right shall end on the tenth anniversary of the date of grant or, in the case of an Incentive
Stock Option granted to a Ten Percent Stockholder, on the fifth anniversary of the date of grant.
(b) Except to the extent the Committee specifically establishes otherwise for an Option or Stock
Appreciation Right, subject to Section 19 (including Section 19A) below, and except as otherwise
required by an Individual Agreement, the consequences of the Severance of a Participant shall be as
follows:
(i) in the case of the Participant’s Severance for Cause, all of the Participant’s then-
outstanding Options and Stock Appreciation Rights (whether vested or unvested) shall
terminate immediately;
(ii) in the case of the Participant’s Severance as a result of his or her Retirement, death or
Disability (A) all of the Participant’s then-outstanding Options and Stock Appreciation Rights
that were granted at least six months before the date of Severance shall become fully vested
and exercisable immediately, and shall remain exercisable until the earlier of (I) the fifth
anniversary of the date of Severance and (II) the end of the applicable Term, (B) all of the
Participant’s other then-outstanding vested Options and Stock Appreciation Rights shall
remain exercisable until the earlier of (I) the 90th day after the date of the Severance and (II)
the end of the applicable Term, and (C) all of the Participant’s other then-outstanding
unvested Options and Stock Appreciation Rights shall terminate immediately; and
(iii) in the case of the Participant’s Severance for any other reason, (A) all of the Participant’s
then-outstanding vested Options and Stock Appreciation Rights shall remain exercisable until
the earlier of (I) the 90th day after the date of the Severance and (II) the end of the applicable
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Term, and (B) all of the Participant’s then-outstanding unvested Options and Stock
Appreciation Rights shall terminate immediately.
(c) Notwithstanding the foregoing, except to the extent the Committee specifically establishes
otherwise for an Option or Stock Appreciation Right and except as otherwise required by an Individual
Agreement, the 90-day periods referred to in clauses (ii) and (iii) of Section 10(b) above shall be
extended to a two-year period if the Severance occurs during the 24-month period following a Change
in Control.
11. Restricted Stock and Restricted Stock Units.
(a) In General. The Committee may issue Grants of Restricted Stock and Restricted Stock Units upon
such terms and conditions as it may deem appropriate, which terms need not be identical for all such
Grants. The timing and conditions for vesting of such Grants shall be determined by the Committee,
and may include continued services to the Company for a specified period and/or the achievement of
one or more Performance Goals, or such other events or requirements as the Committee may
determine.
(b) Restricted Stock in General. Restricted Stock may be sold to Participants, or it may be issued to
Participants without the receipt of any consideration, to the extent permitted by applicable laws and
regulations. If the Participant is required to give any consideration, the payment shall be in the form of
cash or such other form of consideration as the Committee shall deem acceptable, such as the surrender
of outstanding shares of Common Stock owned by the Participant. A Participant may not assign or
alienate his or her interest in the shares of Restricted Stock prior to vesting. Otherwise, the Participant
shall have all of the rights of a stockholder of Mattel with respect to the Restricted Stock, including the
right to vote the shares and to receive any dividends (subject to Section 12(a) of the Plan).
(c) Consequences of Severance for Restricted Stock. Except to the extent the Committee specifically
establishes otherwise for a Grant of Restricted Stock, subject to Section 19 (including Section 19A)
below, and except as otherwise required by an Individual Agreement, the consequences of the
Severance of a Participant shall be as follows:
(i) in the case of the Participant’s Severance as a result of his or her death or Disability, all of
the Participant’s then-outstanding unvested Restricted Stock that was granted at least six
months before the date of Severance shall be immediately vested and all of the Participant’s
other then-outstanding unvested Restricted Stock shall be immediately forfeited; and
(ii) in all other cases, all of the Participant’s then-outstanding unvested Restricted Stock shall
be immediately forfeited.
(iii) to the extent a price was paid by the Participant for the Restricted Stock, upon the
Participant’s Severance during the restriction period of the Restricted Stock, the Company
shall have the right to repurchase from the Participant any unvested Restricted Stock then
subject to restrictions at a cash price equal to the price per share paid by the Participant for
such Restricted Stock, or such other amount as may be specified in the applicable Program or
Restricted Stock agreement.
(d) Restricted Stock Units. A Participant may not assign or alienate his or her interest in Restricted
Stock Units, and shall not have any of the rights of a stockholder of Mattel with respect to the
Restricted Stock Units unless and until shares of Common Stock are actually delivered to the
Participant in settlement thereof. Except to the extent the Committee establishes otherwise for a Grant
of Restricted Stock Units, each Restricted Stock Unit shall be settled no later than the fifteenth day of
the third month after the end of the calendar year in which such Restricted Stock Unit ceases to be
subject to a “substantial risk of forfeiture” within the meaning of Code Section 409A. To the extent
that settlement of a Restricted Stock Unit is at a later date, the terms and conditions of the Restricted
Stock Unit shall be established and interpreted in accordance with Section 20 below.
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(e) Consequences of Severance for Restricted Stock Units. Except to the extent the Committee
specifically establishes otherwise for a Grant of Restricted Stock Units, subject to Section 19
(including Section 19A) below, and except as otherwise required by an Individual Agreement, the
consequences of the Severance of a Participant shall be as follows:
(i) in the case of the Participant’s Severance for Cause, all of the Participant’s then-
outstanding unvested Restricted Stock Units shall be immediately forfeited;
(ii) in the case of the Participant’s Severance as a result of his or her Involuntary Retirement,
death or Disability, all of the Participant’s then-outstanding unvested Restricted Stock Units
that were granted at least six months before the date of Severance shall be immediately vested
and settled in cash or Common Stock, as provided in the terms thereof; and
(iii) in all other cases, all of the Participant’s then-outstanding unvested Restricted Stock Units
shall be immediately forfeited.
12. Dividends and Dividend Equivalents.
(a) Notwithstanding anything herein to the contrary, the Committee may make any and all dividends
and distributions with respect to Grants under the Plan (including, but not limited to, Grants of
Restricted Stock) subject to vesting conditions, which may be the same as or different from the vesting
conditions applicable to the underlying Grant; provided, that, notwithstanding anything herein to the
contrary, any dividends payable with respect to any Grant or any portion of a Grant may only be paid
to the Participant to the extent that the vesting conditions applicable to such Grant or portion thereof
are subsequently satisfied and the Grant or portion thereof to which such dividend relates vests, and
any dividends with respect to any Grant or any portion thereof that does not become vested shall be
forfeited.
(b) The Committee may include Dividend Equivalents on shares of Common Stock that are subject to
Grants, and may make separate Grants of Dividend Equivalents with respect to a specified number of
hypothetical shares. The Committee shall specify in the Grant such terms as it deems appropriate
regarding the Dividend Equivalents, including when and under what conditions the Dividend
Equivalents shall be paid, whether any interest accrues on any unpaid Dividend Equivalents, and
whether they shall be paid in cash or in shares of Common Stock or a combination thereof; provided,
that, notwithstanding anything herein to the contrary, Dividend Equivalents with respect to Grants (or
any portion thereof) that are not vested at the time that the underlying dividend is paid may only be
paid to the Participant to the extent that the applicable vesting conditions are subsequently satisfied and
the Grant (or portion thereof) vests, and any Dividend Equivalents with respect to any portion of a
Grant that does not become vested shall be forfeited. Unless the Committee otherwise specifies in the
Grant, Dividend Equivalents shall be paid to the Participant no later than the later of the fifteenth day
of the third month following the end of the calendar year in which the Dividend Equivalents are
credited or the fifteenth day of the third month following the end of the calendar year in which the
related Grant vests. Any Dividend Equivalents shall be treated separately from the right to other
amounts under the Grant for purposes of the designation of time and form of payment required by
Code Section 409A.
(c) Notwithstanding anything in the foregoing to the contrary, neither dividends nor Dividend
Equivalents shall be granted, paid or payable in respect of outstanding Options or Stock Appreciation
Rights.
13. Performance Awards.
(a) The Committee is authorized to grant Performance Awards. The value of Performance Awards may
be linked to any one or more of the Performance Goals or other specific criteria determined by the
Committee, in each case on a specified date or dates or over any period or periods determined by the
Committee. Performance Awards may be paid in cash, shares of Common Stock, or a combination of
both, as determined by the Committee.
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(b) Without limiting Section 13(a), the Committee may grant Performance Awards in the form of a
cash bonus payable upon the attainment of objective Performance Goals, or such other criteria, whether
or not objective, which are established by the Committee, in each case on a specified date or dates or
over any period or periods determined by the Committee.
(c) With respect to Performance Awards in the form of a cash bonus payable upon the attainment of
objective Performance Goals, the Committee shall have the right to alter the amount payable at a given
level of performance to take into account additional factors that the Committee may deem relevant,
including the assessment of individual or corporate performance for the performance period, in
determining the amount earned pursuant to such Performance Award.
14. Outside Directors. Grants may be made to Outside Directors only in accordance with this Section 14 and
Section 15(b). The terms and conditions of Grants to Outside Directors shall be the same as those provided for
elsewhere in the Plan, except as specifically provided otherwise in this Section 14.
(a) Effective on the date of each Annual Meeting, each Outside Director shall receive a Grant (the
“Annual Grant”) of (i) Non-Qualified Stock Options and/or (ii) Restricted Stock, and/or (iii) Restricted
Stock Units as determined by the Committee or the Board pursuant to the written Summary of
Compensation of the Non-Employee Members of the Board of Directors, or any successor summary or
policy.
(b) Each Option granted to an Outside Director pursuant to this Section 14 shall have a per-share
exercise price equal to the Fair Market Value of a share of Common Stock on the date of grant. The
applicable Outside Director’s Option agreement shall govern the treatment of Annual Grants of
Options upon an Outside Director’s Severance.
(c) The applicable Outside Director’s Restricted Stock agreement and Restricted Stock Unit agreement
shall govern the treatment of Annual Grants of Restricted Stock and Restricted Stock Units,
respectively, upon an Outside Director’s Severance.
(d) As of the Effective Date, (i) Grants made to Outside Directors pursuant to this Section 14 shall be
in lieu of all future Grants to Outside Directors under Section 13 of the 2005 Plan, and (ii) the
provisions of this Section 14 shall replace and supersede the relevant provisions of Section 13 of the
2005 Plan.
15. Bonus Grants and Grants in Lieu of Compensation.
(a) The Committee is authorized to grant shares of Common Stock as a bonus, or to make Grants in
lieu of Company obligations to pay cash or deliver other property under the Plan or under other plans
or compensatory arrangements. Such grants shall be upon such terms and conditions as the Committee
may deem appropriate.
(b) Each Outside Director shall be eligible to be granted shares of Common Stock in lieu of all or a
portion of his or her annual cash retainer fee for service on the Board (“Annual Cash Retainer”),
subject to the following terms and conditions.
(i) An Outside Director who has timely elected in advance, in accordance with the policies
and procedures adopted by Mattel from time to time, to receive shares of Common Stock in
lieu of all or a portion of such Outside Director’s Annual Cash Retainer with regard to a given
year shall be granted shares of Common Stock on the date the Annual Cash Retainer would
have otherwise been paid by Mattel to the Outside Director. Such an election by the Outside
Director shall be irrevocable with respect to the Annual Cash Retainer for such year.
(ii) The number of shares of Common Stock granted pursuant to this Section 15(b) shall be
the number of whole shares of Common Stock equal to the amount of the Outside Director’s
Annual Cash Retainer which the Outside Director has elected pursuant to clause (i) above to
be payable in shares of Common Stock, divided by the Fair Market Value per share on the
date of grant.
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16. Non-transferability of Grants.
(a) No Option or Free-Standing Stock Appreciation Right shall be transferable by a Participant other
than (i) upon the death of the Participant, or (ii) in the case of a Non-Qualified Stock Option or Free-
Standing Stock Appreciation Right, as otherwise expressly permitted by the Committee; provided,
however, that in no event may an Option or Free-Standing Stock Appreciation Right be transferable for
consideration absent stockholder approval. A Tandem Stock Appreciation Right shall be transferable
only with the related Option as permitted by the preceding sentence. Any Option or Stock Appreciation
Right shall be exercisable, subject to the terms of the Plan, only by the applicable Participant, the
guardian or legal representative of such Participant as provided in Section 9(c), or any person to whom
such Option or Stock Appreciation Right is permissibly transferred pursuant to this Section 16(a), it
being understood that the term “Participant” includes such guardian, legal representative and other
transferee; provided, that references to employment or other provision of services to the Company
(such as the terms “Disability,” “Retirement” and “Severance”) shall continue to refer to the
employment of, or provision of services by, the original Participant.
(b) No other Grant shall be transferable except as specifically provided in the Grant; provided,
however, that in no event may a Grant be transferable for consideration absent stockholder approval.
(c) The Company may establish such procedures for making beneficiary designations or such other
rules and procedures as may be appropriate under applicable laws and regulations for the treatment of
Grants upon the death of a Participant.
17. Adjustments.
(a) In the event of (i) a stock dividend, declaration of an extraordinary cash dividend, stock split,
reverse stock split, share combination, or recapitalization or similar event affecting the capital structure
of Mattel (each, a “Share Change”), or (ii) a merger, consolidation, acquisition of property or shares,
separation, spinoff, reorganization, stock rights offering, liquidation, Disaffiliation, or similar event
affecting Mattel or any of its Subsidiaries or Affiliates (each, a “Corporate Transaction”), the
Committee or the Board shall make such substitutions or adjustments as it deems appropriate and
equitable to (A) the aggregate number and kind of shares of Common Stock or other securities
reserved for Grants under the Plan, (B) the limitations set forth in Sections 5(a) and 5(e), (C) the
number and kind of shares or other securities subject to outstanding Grants, (D) the exercise price of
outstanding Options and Stock Appreciation Rights.
(b) In the case of Corporate Transactions, the adjustments pursuant to Section 17(a) may include,
without limitation, (1) the cancellation of outstanding Grants in exchange for payments of cash,
property or a combination thereof having an aggregate value equal to the value of such Grants, as
determined by the Committee or the Board in its sole discretion (it being understood that in the case of
a Corporate Transaction with respect to which stockholders of Common Stock receive consideration
other than publicly traded equity securities of the ultimate surviving entity, any such determination by
the Committee that the value of an Option or Stock Appreciation Right shall for this purpose be
deemed to equal the excess, if any, of the value of the consideration being paid for each share pursuant
to such Corporate Transaction over the exercise price of such Option or Stock Appreciation Right shall
conclusively be deemed valid); (2) the substitution of other property (including, without limitation,
cash or other securities of Mattel and securities of entities other than Mattel) for the shares subject to
outstanding Grants; and (3) in connection with any Disaffiliation, arranging for the assumption of
Grants, or replacement of Grants with new awards based on other property or other securities
(including, without limitation, other securities of Mattel and securities of entities other than Mattel), by
the affected Subsidiary or Affiliate by the entity that controls the affected Subsidiary, Affiliate or
division following such Disaffiliation (as well as any corresponding adjustments to Grants that remain
based upon Company securities).
(c) Notwithstanding the foregoing: (i) any adjustments made pursuant to Section 17(a) to Grants that
are considered “deferred compensation” within the meaning of Code Section 409A shall be made in
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compliance with the requirements of Code Section 409A; (ii) any adjustments made pursuant to
Section 17(a) to Grants that are not considered “deferred compensation” subject to Code Section 409A
shall be made in such a manner as to ensure that after such adjustment, the Grants either (A) continue
not to be subject to Code Section 409A or (B) comply with the requirements of Code Section 409A;
and (iii) in any event, neither the Committee nor the Board shall have the authority to make any
adjustments pursuant to Section 17(a) to the extent the existence of such authority would cause a Grant
that is not intended to be subject to Code Section 409A at the time of Grant to be subject thereto.
18. Effect of Change in Control.
(a) In the event of a Change in Control, (i) with respect to Grants that are not Performance Vesting
Awards (as defined below), unless a Qualifying Replacement Award is provided to the applicable
Participant to replace the applicable Grant, any such Grant that is an Option or Stock Appreciation
Right then outstanding shall vest and be fully exercisable as of the date of the Change in Control, any
such Grant of Restricted Stock or Restricted Stock Units then outstanding shall be fully vested as of the
date of the Change in Control, and any such Grant of Restricted Stock Units then outstanding shall
(subject to Section 18(c)) be settled immediately (in cash or Common Stock, determined in the manner
provided for in the terms thereof, but subject to Section 17); (ii) with respect to Grants that are not
Performance Vesting Awards (other than Performance Vesting Awards that are replaced by Qualifying
Replacement Awards and cease to be subject to performance-based vesting conditions), if a Qualifying
Replacement Award is provided to the applicable Participant to replace such Grant, then, in the event
that the Participant incurs a Severance by the Company without Cause within the 24-month period
immediately following the Change in Control, then, any such Qualifying Replacement Award that
relates to (x) Options or Stock Appreciation Rights outstanding as of immediately prior to the
Participant’s Severance shall become fully vested and exercisable as of the date of such Severance and
remain exercisable until the earlier of (A) the second anniversary of the Severance and (B) the end of
the applicable Term, and (y) Restricted Stock or Restricted Stock Units outstanding as of immediately
prior to the Participant’s Severance shall be fully vested as of the date of such Severance, and any such
Qualifying Replacement Award that relates to Restricted Stock Units shall (subject to Section 18(c)) be
settled immediately upon such Severance (in cash or Common Stock, determined in the manner
provided for in the terms thereof, but subject to Section 17); and (iii) unless a Qualifying Replacement
Award is provided to the applicable Participant to replace the applicable Grant, any Performance
Vesting Award granted on or after May 17, 2018 shall, immediately prior to, and subject to the
consummation of, such Change in Control, vest and (subject to Section 18(c)) be settled immediately
(in cash or Common Stock, determined in the manner provided for in the terms thereof, but subject to
Section 17) based on the greater of (x) actual performance through the date of the Change in Control or
(y) pro-rated target performance, with the number of shares based on a fraction, the numerator which is
the number of days elapsed in the applicable performance period through the date of the Change in
Control, and the denominator of which is the total number of days in the applicable performance
period; in each case, subject to the terms of any Grant, Individual Agreement, Program or Section
18(c). Notwithstanding the foregoing, except to the extent that a Qualifying Replacement Award is not
provided to the applicable Participant to replace the applicable Grant as set forth in this Section 18(a),
(1) in no event shall any Grant granted on or after May 17, 2018 provide for accelerated vesting or
exercisability (as applicable) solely upon the occurrence of a Change in Control, and (2) in no event
shall either the Board or the Committee accelerate the vesting or exercisability (as applicable) of any
Grant, in whole or in part, solely upon the occurrence of a Change in Control. For purposes of the Plan,
“Performance Vesting Award” means a Grant that is subject to performance-based vesting.
(b) “Change in Control” means:
(i) The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3)
or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of
Rule 13d-3 promulgated under the Exchange Act) of 35% or more of either (A) the then-
outstanding shares of Common Stock (the “Outstanding Mattel Common Stock”) or (B) the
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combined voting power of the then-outstanding voting securities of Mattel entitled to vote
generally in the election of directors (the “Outstanding Mattel Voting Securities”); provided,
that for purposes of this subsection (i), the following shall not constitute a Change in Control:
(1) any acquisition directly from Mattel, (2) any acquisition by Mattel or any corporation
controlled by Mattel, (3) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by Mattel or any corporation controlled by Mattel, (4) any
acquisition by a Person of 35% or more of either the Outstanding Mattel Common Stock or
the Outstanding Mattel Voting Securities as a result of an acquisition of Common Stock by
Mattel which, by reducing the number of shares of Common Stock outstanding, increases the
proportionate number of shares beneficially owned by such Person to 35% or more of either
the Outstanding Mattel Common Stock or the Outstanding Mattel Voting Securities; provided,
that if a Person shall become the beneficial owner of 35% or more of either the Outstanding
Mattel Common Stock or the Outstanding Mattel Voting Securities by reason of a share
acquisition by Mattel as described above and shall, after such share acquisition by Mattel,
become the beneficial owner of any additional shares of Common Stock, then such acquisition
shall constitute a Change in Control or (E) any acquisition pursuant to a transaction which
complies with clauses (A), (B) and (C) of subsection (iii) of this Section 18(b); or
(ii) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease
for any reason to constitute at least a majority of the Board; provided, however, that any
individual becoming a director subsequent to the date hereof whose election, or nomination
for election by Mattel’s stockholders was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though such individual
were a member of the Incumbent Board, but excluding, for this purpose, any such individual
whose initial assumption of office occurs as a result of an actual or threatened election contest
with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board; or
(iii) Consummation by Mattel of a reorganization, merger or consolidation or sale or other
disposition of all or substantially all of the assets of Mattel or the acquisition of assets of
another entity (a “Business Combination”), in each case, unless, following such Business
Combination, (A) all or substantially all of the individuals and entities who were the
beneficial owners, respectively, of the Outstanding Mattel Common Stock and Outstanding
Mattel Voting Securities immediately prior to such Business Combination beneficially own,
directly or indirectly, more than 50% of, respectively, the then-outstanding shares of common
stock and the combined voting power of the then-outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation resulting from
such Business Combination (including, without limitation, a corporation which as a result of
such transaction owns Mattel or all or substantially all of Mattel’s assets either directly or
through one or more subsidiaries) in substantially the same proportions as their ownership
immediately prior to such Business Combination of the Outstanding Mattel Common Stock
and Outstanding Mattel Voting Securities, as the case may be, (B) no Person (excluding any
employee benefit plan (or related trust) of Mattel or such corporation resulting from such
Business Combination) beneficially owns, directly or indirectly, 35% or more of, respectively,
the then-outstanding shares of common stock of the corporation resulting from such Business
Combination or the combined voting power of the then-outstanding voting securities of such
corporation except to the extent that such ownership existed prior to the Business
Combination and (C) at least a majority of the members of the board of directors of the
corporation resulting from such Business Combination were members of the Incumbent Board
at the time of execution of the initial agreement, or of the action of the Board, providing for
such Business Combination; or
(iv) Approval by the stockholders of Mattel of a complete liquidation or dissolution of Mattel.
15
(c) Notwithstanding the foregoing, with respect to any Grant that provides for the deferral of
compensation and is subject to Code Section 409A, (i) if a Change in Control constitutes a payment
event with respect to such Grant, the transaction or event described in Section 18(b) with respect to
such Grant must, for purposes of such payment event, also constitute a “change in control event,” as
defined in Treasury Regulation §1.409A-3(i)(5) to the extent required by Section 409A, and (ii) the
settlement provisions of this Section 18 shall not apply to such Grant and the settlement of such Grant
shall be governed by the applicable Grant agreement, it being understood that this Section 18(c) shall
not limit application of the vesting provisions of this Section 18 to any such Grant.
(d) “Qualifying Replacement Award” means an award that (i) is of the same type as the Grant it is
replacing (the “Replaced Award”), (ii) has a value that is no less than the value of such Replaced
Award as of the date of the applicable Change in Control, (iii) if such Replaced Award was an equity-
based award, relates to publicly traded equity securities of the Company or of the ultimate parent
entity, as applicable, following such Change in Control, (iv) contains terms relating to vesting
(including with respect to a Severance) that are no less favorable to the applicable Participant than
those of such Replaced Award, and (v) has other terms and conditions that are no less favorable to the
applicable Participant than the terms and conditions of such Replaced Award as of the date of such
Change in Control. Without limiting the generality of the foregoing, a Qualifying Replacement Award
may take the form of a continuation of the applicable Replaced Award if the requirements of the
preceding sentence are satisfied. The determination of whether the conditions of this paragraph are
satisfied shall be made by the Committee, as constituted immediately before the applicable Change in
Control, in its sole discretion.
19. Termination, Rescission and Recapture.
(a) Each Grant under the Plan is intended to align the Participant’s long-term interests with the long-
term interests of the Company. If a Participant engages in certain activities discussed below, the
Participant is acting contrary to the long-term interests of the Company. Accordingly, except as
otherwise expressly provided in the Grant or as otherwise required by an Individual Agreement or
Program, Mattel may terminate any outstanding, unexercised, unexpired, unpaid, or deferred Grant
(“Termination”), rescind any exercise, payment or delivery pursuant to the Grant (“Rescission”) or
recapture any cash or any Common Stock (whether restricted or unrestricted) or proceeds from the
Participant’s sale of Common Stock acquired pursuant to the Grant (“Recapture”), as more fully
described below.
(b) Each Participant shall comply with any agreement or undertaking regarding inventions, intellectual
property rights, and/or proprietary or confidential information or material that the Participant signed or
otherwise agreed to in favor of the Company.
(c) A Participant will be acting contrary to the long-term interests of the Company if, during the
restricted period set forth below, a Participant engages in any of the following activities in, or directed
into, any State, possession or territory of the United States of America or any country in which the
Company operates, sells products or does business:
(i) while employed by the Company, the Participant renders services to or otherwise directly
or indirectly engages in or assists, any organization or business that is or is working to
become competitive with the Company;
(ii) while employed by the Company or at any time thereafter, the Participant (A) uses any
confidential information or trade secrets of the Company to render services to or otherwise
engage in or assist any organization or business that is or is working to become competitive
with the Company or (B) solicits away or attempts to solicit away any customer or supplier of
the Company if in doing so, the Participant uses or discloses any of the Company’s
confidential information or trade secrets;
16
(iii) while employed by the Company, the Participant solicits or attempts to solicit any non-
administrative employee of the Company to terminate employment with the Company or to
perform services for any organization or business that is or is working to become competitive
with the Company; or
(iv) during a period of one year following the Participant’s termination of employment with
the Company, the Participant solicits or attempts to solicit any non-administrative employee
of the Company to terminate employment with the Company or to perform services for any
organization or business that is or is working to become competitive with the Company.
The activities described in this Section 19(c) are collectively referred to as ‘Activities Against the
Company’s Interest.’ Additional ‘Activities Against the Company’s Interest’ may be defined in a
Participant’s Grant, Individual Agreement, or Program.
(d) If Mattel determines, in its sole and absolute discretion, that: (i) a Participant has violated any of the
requirements set forth in Section 19(b) above or (ii) a Participant has engaged in any Activities Against
the Company’s Interest (the date on which such violation or activity first occurred being referred to as
the ‘Trigger Date’), then Mattel may, in its sole and absolute discretion, impose a Termination,
Rescission and/or Recapture of any or all of the Participant’s Grants or the proceeds received by the
Participant therefrom, provided that such Termination, Rescission and/or Recapture shall not apply to a
Full-Value Grant to the extent that both of the following occurred earlier than six months prior to the
Trigger Date: (A) such Full-Value Grant vested and (B) Common Stock was delivered and/or cash was
paid pursuant to such Full-Value Grant; and provided, further, that such Termination, Rescission and/
or Recapture shall not apply to an Option or a Stock Appreciation Right to the extent that such Option
or Stock Appreciation Right was exercised earlier than six months prior to the Trigger Date. Within ten
days after receiving notice from Mattel that Rescission or Recapture is being imposed on any Grant,
the Participant shall deliver to Mattel the cash or shares of Common Stock acquired pursuant to such
Grant, or, if Participant has sold such Common Stock, the gain realized, or payment received as a result
of the rescinded exercise, payment, or delivery; provided, that if the Participant returns Common Stock
that the Participant purchased pursuant to the exercise of an Option (or the gains realized from the sale
of such Common Stock), Mattel shall promptly refund the exercise price, without earnings, that the
Participant paid for the Common Stock. Any payment by the Participant to Mattel pursuant to this
Section 19(d) shall be made either in cash or by returning to Mattel the number of shares of Common
Stock that the Participant received in connection with the rescinded exercise, payment, or delivery. It
shall not be a basis for Termination, Rescission or Recapture if after a Participant’s Severance, the
Participant purchases, as an investment or otherwise, stock or other securities of such an organization
or business, so long as (i) such stock or other securities are listed upon a recognized securities
exchange or traded over-the-counter, and (ii) such investment does not represent more than a five
percent equity interest in the organization or business.
(e) Upon exercise of an Option or Stock Appreciation Right or payment or delivery of cash or
Common Stock pursuant to a Grant, the Participant shall, if requested by the Company, certify on a
form acceptable to Mattel that he or she is in compliance with the terms and conditions of the Plan and,
if a Severance has occurred, shall state the name and address of the Participant’s then-current employer
or any entity for which the Participant performs business services and the Participant’s title, and shall
identify any organization or business in which the Participant owns a greater-than-five-percent equity
interest.
(f) Notwithstanding the foregoing provisions of this Section 19, Mattel has sole and absolute discretion
not to require Termination, Rescission and/or Recapture, and its determination not to require
Termination, Rescission and/or Recapture with respect to any particular act by a particular Participant
or Grant shall not in any way reduce or eliminate Mattel’s authority to require Termination, Rescission
and/or Recapture with respect to any other act or Participant or Grant.
17
(g) Nothing in this Section 19 shall be construed to impose obligations on any Participant to refrain
from engaging in lawful competition with the Company after the termination of employment.
Furthermore, Section 19(c)(iv) shall not be applicable to Participants who are principally employed or
reside in California.
(h) All administrative and discretionary authority given to Mattel under this Section 19 shall be
exercised by the most senior human resources executive of Mattel or such other person or committee
(including without limitation the Committee) as the Committee may designate from time to time.
(i) Notwithstanding any provision of this Section 19, if any provision of this Section 19 is determined
to be unenforceable or invalid under any applicable law, such provision will be applied to the
maximum extent permitted by applicable law, and shall automatically be deemed amended in a manner
consistent with its objectives to the extent necessary to conform to any limitations required under
applicable law. Furthermore, if any provision of this Section 19 is illegal under any applicable law,
such provision shall be null and void to the extent necessary to comply with applicable law.
(j) Notwithstanding the foregoing, this Section 19 shall not be applicable: (i) to any Participant who at
no time is an employee of the Company; (ii) to any Grant made to a Participant for services as an
Outside Director or in any capacity other than an employee of the Company; or (iii) to any Participant
from and after his or her Severance if such Severance occurs within the 24-month period after a
Change in Control.
19A. Compensation Recovery Policy. Notwithstanding any provision in the Plan to the contrary, Grants under
this Plan shall be subject to the terms and conditions of the Mattel, Inc. Compensation Recovery Policy, as may
be amended from time to time, to the extent applicable.
20. Code Section 409A.
(a) It is the intention of Mattel that no Grant shall be “nonqualified deferred compensation” subject to
Code Section 409A, unless and to the extent that the Committee specifically determines otherwise as
provided below, and the Plan and the terms and conditions of all Grants shall be interpreted, construed
and administered in accordance with this intent, so as to avoid the imposition of taxes and penalties on
Participants pursuant to Section 409A. The Company shall have no liability to any Participant or
otherwise if the Plan or any grant, vesting, exercise or payment of any Grant hereunder are subject to
the additional tax and penalties under Code Section 409A. Notwithstanding any other provision of the
Plan to the contrary, with respect to any Grant that is subject to Code Section 409A, if a Participant is a
“specified employee” (as such term is defined in Code Section 409A and as determined by the
Company) as of the Participant’s Severance, any payments (whether in cash, Common Stock or other
property) to be made with respect to the Grant upon the Participant’s Severance will be accumulated
and paid (without interest) on the earlier of (i) first business day of the seventh month following the
Participant’s “separation from service” (as such term is defined and used in Code Section 409A) or (ii)
the date of the Participant’s death.
(b) The terms and conditions governing any Grants that the Committee determines will be subject to
Code Section 409A, including any rules for elective or mandatory deferral of the delivery of cash or
shares of Common Stock pursuant thereto and any rules regarding treatment of such Grants in the
event of a Change in Control, shall be set forth in writing, and shall comply in all respects with Code
Section 409A. Additionally, to the extent any Grant is subject to Code Section 409A, notwithstanding
any provision of the Plan to the contrary, the Plan does not permit the acceleration of the time or
schedule of any distribution related to such Grant, except as permitted by Code Section 409A.
(c) Notwithstanding any other provision of the Plan to the contrary, if a Change in Control occurs that
is not a “change in control event” within the meaning of Code Section 409A, and payment or
distribution of a Grant that is “nonqualified deferred compensation” subject to Code Section 409A
would otherwise be made or commence on the date of such Change in Control (pursuant to the Plan,
the Grant or otherwise), (i) the vesting of such Grant shall accelerate in accordance with the Plan and
18
the Grant, (ii) such payment or distribution shall not be made or commence prior to the earliest date on
which Code Section 409A permits such payment or distribution to be made or commence without
additional taxes or penalties under Code Section 409A, and (iii) in the event any such payment or
distribution is deferred in accordance with the immediately preceding clause (ii), such payment or
distribution that would have been made prior to the deferred payment or commencement date, but for
Code Section 409A, shall be paid or distributed on such earliest payment or commencement date,
together, if determined by the Committee, with interest at the rate established by the Committee.
(d) Any deferral election provided to the Company or the Participant under or with respect to any
Grant that constitutes, or provides for, a deferral of compensation subject to Code Section 409A (a
“Section 409A Grant”) shall satisfy the requirements of Code Section 409A(a)(4)(B) and the Treasury
Regulations promulgated thereunder, to the extent applicable, and any such deferral election with
respect to compensation for services performed during a taxable year shall be made not later than the
close of the preceding taxable year, or by such later date as may be permitted by Code Section 409A
and the Treasury Regulations promulgated thereunder.
(e) In the event that a Section 409A Grant permits, under a subsequent election by the Company or the
Participant, a delay in a distribution or payment of any shares of Common Stock or other property or
amounts under such Section 409A Grant, or a change in the form of distribution or payment, such
subsequent election shall satisfy the requirements of Code Section 409A(a)(4)(C) and the Treasury
Regulations promulgated thereunder.
21. Notice of Disqualifying Disposition. A Participant must notify Mattel if the Participant makes a
disqualifying disposition of Common Stock acquired pursuant to the exercise of an Incentive Stock Option
granted under the Plan.
22. Amendments; Termination; Replacements; No Repricing.
(a) The Board may at any time amend or terminate the Plan. However, no amendment or termination of
the Plan may affect an outstanding Grant, except as permitted by Section 22(b) or (c). Furthermore,
stockholder approval of an amendment of the Plan shall be required to the extent that (i) the
amendment would affect Section 22(d) of the Plan or (ii) the listing standards of the Nasdaq Stock
Market require such approval.
(b) The Committee may adopt special rules, procedures, definitions and other provisions under the
Plan, special amendments to Plan provisions, and sub-plans for purposes of complying with applicable
local laws and regulations, which may be applicable to specified Grants and/or to specified
Participants, as it deems appropriate in its discretion to comply with applicable local laws and
regulations, and to otherwise take into account the effects of, and deal appropriately with, local laws,
regulations and practices; provided, that none of the foregoing shall alter the rules regarding the shares
available under the Plan set forth in Section 5, eligibility for Grants as set forth in Section 6, and the
requirement that the per-share exercise price of Options and Stock Appreciation Rights generally be
not less than 100% of the Fair Market Value on the date of grant set forth in Sections 7(b) and 8(c).
(c) The Board or the Committee may unilaterally modify the terms of any outstanding Grant; provided,
that no such modification may be made that would impair the rights of the Participant holding the
Grant without his or her consent, except to the extent the modification is made to cause the Plan or
Grant to comply with applicable laws or regulations, stock exchange rules or accounting rules.
(d) Notwithstanding any other provision of this Plan, except as permitted by Section 17 (or an
exemption therefrom) and with the approval of Mattel’s stockholders, (i) in no event may any Option
or Stock Appreciation Right be modified by reducing its exercise price, (ii) in no event may any Option
or Stock Appreciation Right be cancelled and replaced with a new Option or Stock Appreciation Right
with a lower exercise price, and (iii) in no event may any Option or Stock Appreciation Right be
cancelled in exchange for cash or another Grant when the Option or Stock Appreciate Right per share
exercise price exceeds the Fair Market Value of the underlying share of Common Stock.
19
23. Tax Withholding. Participants shall be required to pay to the Company, or make arrangements satisfactory
to the Company regarding the payment of, any federal, state, local or foreign taxes (or similar amounts due to
any governmental or regulatory body) of any kind (if any) that are required by applicable laws or regulations to
be withheld with respect to Grants. Unless otherwise determined by the Company, or as may be otherwise
required by applicable laws or regulations, any such withholding obligations may be settled with Common
Stock, including Common Stock that is part of the Grant that gives rise to the withholding requirement;
provided, however, that not more than the legally required minimum withholding, unless higher withholding is
permissible without adverse accounting consequences, may be settled with Common Stock. The obligations of
the Company under the Plan shall be conditional on such payment or arrangements (to the extent applicable),
and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any
payment otherwise due to such Participant. The Committee may establish such procedures as it deems
appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common
Stock.
24. No Additional Rights.
(a) Neither the adoption of the Plan nor the granting of any Option or Restricted Stock shall:
(i) affect or restrict in any way the power of the Company to undertake any corporate action
otherwise permitted under applicable law; or
(ii) confer upon any Participant the right to continue performing services for the Company,
nor shall it interfere in any way with the right of the Company to terminate the services of any
Participant at any time, with or without cause, or to change all other terms and conditions of
employment or engagement.
(b) No Participant shall have any rights as a stockholder with respect to any shares covered by a Grant
until the date a certificate has been delivered to the Participant or book entries evidencing such shares
have been recorded by the Company or its transfer agent following the exercise of an Option or the
receipt of Restricted Stock.
25. Securities Law Restrictions.
(a) No securities shall be issued under the Plan unless the Committee shall be satisfied that the issuance
will be in compliance with applicable federal, state, local and foreign securities laws.
(b) The Committee may require certain investment (or other) representations and undertakings in
connection with the issuance of securities in connection with the Plan in order to comply with
applicable law.
(c) Certificates or book entries evidencing shares of Common Stock delivered under the Plan may be
subject to such restrictions as the Committee may deem advisable. The Committee may cause a legend
to be placed on the certificates or book entries to refer to those restrictions.
(d) All transactions involving Grants and all transactions pursuant to the Plan are subject to Mattel’s
Insider Trading Policy or any similar or successor policy.
26. Indemnification. To the maximum extent permitted by law, Mattel shall indemnify each member of the
Committee and of the Board, as well as any other employee of the Company with duties under the Plan, against
expenses (including any amount paid in settlement) reasonably incurred by the individual in connection with
any claims against the individual by reason of the performance of the individual’s duties under the Plan, unless
the losses are due to the individual’s gross negligence or lack of good faith. The Company will have the right to
select counsel and to control the prosecution or defense of the suit. The Company will not be required to
indemnify any person for any amount incurred through any settlement unless Mattel consents in writing to the
settlement.
27. Foreign Holders. Notwithstanding any provision of the Plan or applicable Program to the contrary, in order
to comply with the laws in countries other than the United States in which the Company and its Subsidiaries
20
operate or have employees, Outside Directors or Consultants, or in order to comply with the requirements of
any foreign securities exchange or other law, the Committee, in its sole discretion, shall have the power and
authority to: (a) determine which Subsidiaries shall be covered by the Plan; (b) determine which employees,
Outside Directors or Consultants outside the United States are eligible to participate in the Plan; (c) modify the
terms and conditions of any Grant to such individuals outside the United States to comply with law (including,
without limitation, applicable foreign laws or listing requirements of any foreign securities exchange); (d)
establish subplans and modify exercise procedures and other terms and procedures, to the extent such actions
may be necessary or advisable; provided, however, that no such subplans and/or modifications shall increase the
share limitation contained in Section 5 or the individual limits contained in Section 5(e); and (e) take any action,
before or after a Grant is made, that it deems advisable to obtain approval or comply with any necessary local
governmental regulatory exemptions or approvals or listing requirements of any foreign securities exchange.
28. Governing Law. The Plan and all actions taken thereunder shall be governed by and construed in
accordance with the laws of the State of Delaware.
21
v3.24.1.1.u2
Cover
May 29, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date May 29, 2024
Entity Registrant Name MATTEL, INC.
Entity Central Index Key 0000063276
Amendment Flag false
Entity Incorporation, State or Country Code DE
Entity File Number 001-05647
Entity Tax Identification Number 95-1567322
Entity Address, Address Line One 333 Continental Boulevard
Entity Address, City or Town El Segundo
Entity Address, State or Province CA
Entity Address, Postal Zip Code 90245-5012
City Area Code 310
Local Phone Number 252-2000
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $1.00 per share
Trading Symbol MAT
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Document Information [Line Items]  
Document Period End Date May 29, 2024
Entity Emerging Growth Company false

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