EX-10.36



 Exhibit 10.36 

OPTION GRANT AGREEMENT 

THIS AGREEMENT, made as of this 8th day of May, 2015 between DTZ Jersey Holdings Limited (the “Company”) and Brett White
(the “Participant”). 
 WHEREAS, the Company has adopted and maintains the DTZ Jersey Holdings Limited Management Equity
Incentive Plan (the “Plan”) to promote the interests of the Company and its shareholders by providing the key employees of the Company and its subsidiaries with an appropriate incentive to encourage them to continue in the employ of
the Company or its subsidiaries and to improve the growth, profitability and financial success of the Company and its subsidiaries. 

WHEREAS, the Plan provides for the grant to Participants of Options to purchase shares of Common Stock. 

NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth, the parties hereto hereby agree as follows:

 1.         Grant of Options. Pursuant to, and subject to, the terms and conditions set forth herein and in
the Plan, the Company hereby grants to the Participant an option (the “Option”) with respect to 4,467,583 shares of Common Stock of the Company. 100% of the Option will be a Time-Based Option. 

2.         Grant Date; Vesting Commencement Date. The Grant Date of the Option hereby granted is May 8,
2015. The Vesting Commencement Date of the Option hereby granted is November 5, 2014. 
 3.
        Incorporation of Plan. All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and
conditions of the Plan and this Agreement, the terms and conditions of the Plan, as interpreted by the Committee, shall govern, except to the extent this Agreement expressly changes the default provisions contained in the Plan, in which case the
provisions of this Agreement shall govern. All capitalized terms used and not defined herein shall have the meaning given to such terms in the Plan. 
 4.
        Exercise Price. The exercise price of each share of Common Stock underlying the Option hereby granted is $1. 

5.         Vesting. The Time-Based Option will vest in accordance with Section 4.3(a) of the Plan, as in
effect as of the date hereof, subject in all cases to the Participant’s continued Employment through the applicable vesting date; provided, that in the event the Term, as such term is defined in the Employment Agreement by and between
Participant and DTZ US NewCo, Inc., dated as of March 6, 2015 (the “Employment Agreement”), and Participant’s Employment is terminated by the Company without Cause or by Participant for Good Reason, in either case as such
terms are defined in the Employment Agreement, prior to the expiration of the Term and Participant is entitled to the payments and benefits of Section 3.4 (as may be adjusted by 3.6), subject to 







 Participant satisfying the requirements thereof, Participant shall be vested in an additional 40% of the Options
(not to exceed 100%) as of the Termination Date (as such term is defined in the Employment Agreement); and provided, further, that notwithstanding anything to the contrary in the Plan, a termination of the Term and Participant’s
employment described in Section 3.6 of the Employment Agreement shall be a Qualifying Termination for purposes of the Plan and this Agreement. 
 6.
        Construction of Agreement. Any provision of this Agreement (or portion thereof) which is deemed invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction and subject
to this section, be ineffective to the extent of such invalidity, illegality or unenforceability, without affecting in any way the remaining provisions thereof in such jurisdiction or rendering that or any other provisions of this Agreement invalid,
illegal, or unenforceable in any other jurisdiction. If any covenant should be deemed invalid, illegal or unenforceable because its scope is considered excessive, such covenant shall be modified so that the scope of the covenant is reduced only to
the minimum extent necessary to render the modified covenant valid, legal and enforceable. No waiver of any provision or violation of this Agreement by the Company shall be implied by the Company’s forbearance or failure to take action. This
Agreement is intended to comply with Section 409A of the Code and any guidance issued thereunder and shall be interpreted, operated and administered accordingly. 

7.         Delays or Omissions. No delay or omission to exercise any right, power or remedy accruing to any
party hereto upon any breach or default of any party under this Agreement, shall impair any such right, power or remedy of such party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any
similar breach or default thereafter occurring nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or
character on the part of any party of any breach or default under this Agreement, or any waiver on the part of any party or any provisions or conditions of this Agreement, shall be in writing and shall be effective only to the extent specifically
set forth in such writing. 
 8.         Limitation on Transfer; Nominee Agreement. The Option shall be
exercisable only by the Participant or the Participant’s Permitted Transferee(s), as determined in accordance with the terms of the Plan (including without limitation the requirement that the Participant obtain the prior written approval by the
Committee of any proposed Transfer to a Permitted Transferee during the lifetime of the Participant). Each Permitted Transferee shall be subject to all the restrictions, obligations, and responsibilities as apply to the Participant under the Plan
and this Option Grant Agreement and shall be entitled to all the rights of the Participant under the Plan, provided that in respect of any Permitted Transferee which is a trust or custodianship, the Option shall become exercisable and/or expire
based on the Employment and termination of Employment of the Participant. All shares of Common Stock obtained pursuant to the Option granted herein shall not be transferred except as provided in the Plan and, where applicable, the Management
Stockholders’ Agreement. Shares of Common Stock issued upon exercise of the Option or otherwise delivered in satisfaction of the Option will bear such legends as may be required or provided for under the terms of the Plan and, where applicable,
the Management Stockholders’ Agreement. Notwithstanding anything to the contrary in the Plan, and in addition to the foregoing obligations and any obligations under the Plan, the Participant shall be required 







 to enter into a shareholder nominee agreement, in a form acceptable to the Company, and such other arrangements
that the Company deems necessary and appropriate in respect of the Participant’s ownership of, interest in or holding of shares of Common Stock. 
 9.
        Restrictive Covenants. In consideration of the Participant’s Employment with the Company and the grant of an Option pursuant to this Agreement, the Participant acknowledges and agrees that
he is subject to certain obligations as set forth in Section 4 of the Employment Agreement (subject to Section 3.4 of the Employment Agreement, if applicable). Section 4 of the Employment Agreement is hereby included in the Agreement
as if fully restated herein. For purposes of the Plan, this Agreement and the Management Stockholders’ Agreement, “Compete” shall mean the failure to comply with any such obligations, in which case Participant shall forfeit the
Option in full (regardless of the extent to which the Option is vested at the time of such violation). In addition to any remedies that may be available in any agreement to which the Participant is a party, the remedies available for such failure
shall include: (a) the rights and remedies of the Company set forth in the Management Stockholders’ Agreement; (b) any rights or remedies available in law or in equity, (c) the forfeiture of the Option for no consideration;
(d) in respect of the Option (or portion thereof) exercised by the Participant prior to any such failure or subsequent thereto and prior to the forfeiture of the Option (or portion thereof) required by this Section 9, payment by the
Participant to the Company of an amount equal to the difference between the exercise price of the Option and the per-share proceeds of any sale of shares of Common Stock acquired upon such exercise multiplied by the number of shares of Common Stock
so sold; and (e) payment by the Participant to the Company of an amount reimbursing the Company for all reasonable attorney’s fees it incurs enforcing its rights hereunder in the event the Company prevails in enforcing at least one of the
foregoing restrictive covenants. 
 10.         Integration. This Agreement, and the other documents referred
to herein or delivered pursuant hereto which form a part hereof contain the entire understanding of the parties with respect to its subject matter. There are no restrictions, agreements, promises, representations, warranties, covenants or
undertakings with respect to the subject matter hereof other than those expressly set forth herein and in the Plan. This Agreement, including without limitation the Plan and the Management Stockholders’ Agreement, supersedes all prior
agreements and understandings between the parties with respect to its subject matter. 
 11.         Successors
and Assigns. The rights, duties, and obligations under this Agreement shall be assignable by the Company to any successor entity, including any entity acquiring all, or substantially all, of the assets of the Company. The provisions of this
Agreement shall be binding on any such assignee. 
 12.         Counterparts. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument. 
 13.
        Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the domestic substantive laws of New York, without regard to the provisions governing choice or
conflict of laws or rules that would cause the application of the domestic substantive laws of any other jurisdiction. Any provision of this Agreement (or portion thereof) which is deemed invalid, illegal or unenforceable in any jurisdiction shall,
as to that jurisdiction and subject to this Section 13, be ineffective to the extent of such invalidity, illegality or 







 unenforceability, without affecting in any way the remaining provisions thereof in such jurisdiction or rendering
that or any other provisions of this Agreement invalid, illegal, or unenforceable in any other jurisdiction. If any covenant should be deemed invalid, illegal or unenforceable because its scope is considered excessive, such covenant shall be
modified so that the scope of the covenant is reduced only to the minimum extent necessary to render the modified covenant valid, legal and enforceable. 

14.         Effect on Employment. Nothing contained in this Agreement shall confer upon the Participants any
right with respect to the continuation of their Employment or interfere in any way with the right of the Company or any of its subsidiaries, subject to the terms of any separate employment agreements to the contrary, at any time to terminate such
Employment or to increase or decrease the compensation of the Participants from the rate in existence at the time of the grant of any Option. 
 15.
        Participant Representations; Acknowledgments. 
 (a)
      By executing this Option Grant Agreement, the Participant hereby represents and warrants to the Company that the statements in this Section 15(a) are true and correct as of the date of this Agreement and will
continue to be true and correct as long as the Option is outstanding: 
 (i)       The Participant
possesses such expertise, knowledge, and sophistication in financial and business matters generally and that he/she is capable of evaluating the merits and risks of receiving the Option; and 

(ii)       The Participant has had access to all of the information and individuals with respect to the
Option and his/her receipt thereof, including without limitation information relating to the Company and risks related to any investment therein, that he/she deems necessary to make a complete evaluation thereof. 

(b)       The Participant hereby acknowledges receipt of a copy of the Plan. The Participant hereby
acknowledges that all decisions, determinations and interpretations of the Committee in respect of the Plan, this Agreement and the Option shall be final and conclusive. The Participant further acknowledges that no exercise of the Option or any
portion thereof shall be effective unless and until (A) prior to the later to occur of (i) the Initial Public Offering and (ii) the seventh anniversary of the Effective Date, the Participant has executed the Management
Stockholders’ Agreement and the Participant hereby agrees to be bound thereby, and (B) the Participant has entered into the shareholder nominee agreement and such other arrangements as are required by the Company pursuant to Section 8
hereof. The Participant further acknowledges that if, following the date the Participant receives the Option pursuant to this Agreement, the Company determines that any of the representations made by the Participant under this Section 15 is
inaccurate, the grant of the Option to the Participant pursuant to this Agreement may, in the sole discretion of the Board, be rescinded and deemed null and void. 

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly
authorized officer and said Participant has hereunto signed this Agreement on his own behalf, thereby representing that he has carefully read and understands this Agreement, the Plan and the Management Stockholders’ Agreement as of the day and
year first written above. 
  

			
	DTZ JERSEY HOLDINGS LIMITED


 
			
	
	/s/ Matthew Bouw
	By:	 	Matthew Bouw
	Title:	 	Global Chief HR & Strategy Officer
	
	 /s/ Brett White

	 
	BRETT WHITE