INFORMATION ON YOUR GLOBAL SERVICE RECOGNITION …

[Pages:2]INFORMATION ON YOUR GLOBAL SERVICE RECOGNITION SHARES AWARD

Thank you for selecting TD Shares as your Global Service Recognition award. Below, you will find some helpful information on how your request for shares under this program will be delivered.

Receipt of Shares

Shares are purchased on a biweekly schedule based on employee anniversary dates. Employees in Canada and the UK will receive shares valued in Canadian dollars, purchased on the Toronto Stock Exchange. Employees in the US will receive shares valued in US dollars, purchased on the New York Stock exchange. A share certificate will not be issued however you can expect to see the shares in your newly created Global Service Recognition

Shares Account, located on the TD Share Ownership & Equity Programs site within four weeks following your anniversary date. The document that outlines share purchase and tax dates is the "Service Recognition Processing Schedule" and it can be found on

the Global Service Recognition Program website, in the FAQ section, as well as your local HR intranet under Service Recognition. Employees with a TD login ID (i.e. ACF2 / Novell / TDI) can access the TD Share Ownership & Equity Programs website and the

Global Service Recognition Program website via . Any employees without a TD login ID will receive website registration instructions separately.

Taxable Benefit Implications

TD shares awarded under this program are taxable and will be processed as additional income. The applicable taxes, based on your local jurisdiction, will be deducted from your pay once following the share purchase. The amount of tax deducted is based on each employee's individual circumstance.

Your share options: You can hold the shares in your Global Service Recognition Shares Account with no cost. You can sell your shares and receive the cash proceeds or transfer whole shares in kind to your brokerage account using the online tool on the Share Ownership & Equity Programs site (any fractional shares will be sent in cash to your bank account).

Transferring your shares:

Canadian employees can transfer shares in kind to a non-registered TD Waterhouse brokerage account (including TD Waterhouse TFSA).

US employees can transfer shares in kind to a TD Ameritrade brokerage account. UK employees can transfer shares in kind to a TD Waterhouse Canada or TD Direct Investing account. Transfers of shares in kind to your brokerage account will take place according to the dates in the processing schedule following

your online transfer request. Transfers of shares in kind to accounts outside TD are not accepted

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Selling your shares:

The cash proceeds of your withdrawal will be deposited to your bank account following receipt of your online withdrawal request based on the dates in the processing schedule.

Employees in Canada (excluding TD Insurance (General Insurance)), UK and TD Bank US will have their cash proceeds deposited to their payroll account.

Employees in TD Bank US who are paid via check will receive a check when they sell shares from their Global Service Recognition Shares Account.

Employees in TD Securities US & TD Insurance (General Insurance) Canada will have their cash proceeds deposited to the account on file with Accounts Payable for Travel & Expenses.

Still have questions?

If you have questions or require additional information please contact:

Employees in North America: Tel: 1-888-983-4774 Email: hrdsenq@

TD Insurance (General Insurance): Tel: 1-888-415-8500 Email: HRQuestionsRH@

TD Wealth International employees: Email: HR_Helpdesk@tdwh.co.uk

TD Securities European employees: Email: HumanResourcesLondon@

TD Securities Asia Pacific employees: Email: HRAsiaPacific@

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