Special Recognition Award Letter from MasterCard International Incorporated to Alan J. Heuer
MasterCard International Incorporated has awarded Alan J. Heuer a one-time special recognition cash award of $1,000,000. The award is fully vested and will be paid to Mr. Heuer on December 29, 2006, in recognition of his valuable contributions to the company and to encourage his continued support. This letter serves as formal notification of the award and its terms.
Exhibit 10.10.1
Robert W. Selander
President and Chief Executive Officer
MasterCard International
2000 Purchase Street
Purchase, NY 10577-2509
914 ###-###-####
Fax ###-###-####
Internet Home Page:
http://www.mastercard.com
March 22, 2004
Mr. Alan J. Heuer
MasterCard International
2000 Purchase Street
Purchase, NY 10577
Dear Alan,
I would like to extend my personal congratulations to you for being selected this year for a one-time, special recognition award.
You were chosen because the Board and I wanted to recognize the valuable role that you have in the company and to provide incentive for your continued support in achieving our objectives over the coming years. Please know that this is a very important message indicating how highly valued your contributions and services are to MasterCard.
For this special recognition, you will be entitled to payment of a one-time cash award of $1,000,000 that fully vests and is payable December 29, 2006.
Congratulations!
| Sincerely, |
| /s/ ROBERT SELANDER |
