Document:

EX-10.2

CME GROUP INC.

2005 DIRECTOR STOCK PLAN

Amended and Restated Effective May 13, 2009

1. Purpose. The purpose of the CME Group Inc. 2005 Director Stock Plan (the “Plan”) is to provide
CME Group Inc. (the “Company”) with an effective means of attracting, retaining, and motivating
non-employee directors of the Company and to further align their interests with those of the
Company’s shareholders by providing for or increasing their stock ownership interests in the
Company.

2. Eligibility. Any director of the Company who is not an employee of the Company (“Eligible
Director”) is eligible to participate in the Plan.

3. Administration. The Plan shall be administered by a Committee (the “Committee”) of the Board of
Directors of the Company (the “Board”) comprised solely of independent directors. Initially, the
Committee responsible for the administration of the Plan shall be the Compensation Committee.
Except as otherwise expressly provided in the Plan, the Committee shall have full power and
authority to interpret and administer the Plan, to determine the Eligible Directors to receive
awards and the amounts, types and terms of the awards, to adopt, amend, and rescind rules and
regulations, and to establish terms and conditions, not inconsistent with the provisions of the
Plan, for the administration and implementation of the Plan, provided, however, that the Committee
may not (subject to Section 8 hereof), after the date of any award, make any changes that would
adversely affect the rights of a recipient under such award without the consent of the recipient.
The determination of the Committee on all matters shall be final and conclusive and binding on the
Company and all Eligible Directors and other interested parties.

4. Awards. Awards may be made by the Committee in such amounts as it shall determine in cash, in
unrestricted shares of Class A common stock of the Company (“Common Stock”), in options to purchase
shares of Common Stock of the Company (“Options”) or in shares of Common Stock subject to certain
restrictions (“Restricted Stock”) or any combination thereof. There shall be 125,000 shares of
Common Stock available for issuance in connection with awards under the Plan, subject to adjustment
as provided in Section 8. To the extent shares subject to an outstanding award are not issued or
delivered by reason of the expiration, termination, or cancellation or forfeiture or by reason of
the delivery or withholding of shares to pay all or a portion of the exercise price of an award, if
any, or to satisfy all or a portion of the tax withholding obligations relating to an award, then
the corresponding number of shares which were reserved for issuance in connection therewith shall
again be available for the purposes of the Plan. Shares available under the Plan may be authorized
and unissued shares or may be treasury shares or a combination thereof.

5. Restricted Stock Grants. Awards of Restricted Stock may be granted by the Committee to Eligible
Directors subject to such restrictions on transfer and forfeiture conditions as the Committee may
deem appropriate. Shares subject to a grant of Restricted Stock may not be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated during the applicable period of
restriction. Each grant of Restricted Stock shall be evidenced by a Restricted Stock agreement that
shall specify the number of shares granted, the period of restriction applicable to the grant of
Restricted Stock and such other terms and conditions as the Committee, in its sole discretion,
shall determine. The period of restriction applicable to each grant of Restricted Stock which vests
based upon continued service shall be at least one (1) year (subject to the change of control
provisions set forth in Section 8). Unless the Committee determines otherwise, shares of Restricted
Stock shall be held by the Company as escrow agent during the applicable period of restriction,
together with stock powers or other instruments of assignment (including a power of attorney), each
endorsed in blank with a guarantee of signature if deemed necessary or appropriate by the
Committee, which would permit transfer to the Company of all or a portion of the Restricted Stock
in the event such Restricted Stock is forfeited in whole or in part. The Committee may, in its
discretion, legend the certificates representing Restricted Stock during the applicable period of
restriction to give appropriate notice of such restrictions. For example, the Committee may
determine that some or all certificates representing shares of Restricted Stock shall bear the
following legend:

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“The sale or other transfer of the shares of stock represented by this certificate, whether
voluntary, involuntary, or by operation of law, is subject to certain restrictions on transfer
as set forth in the CME Group Inc. 2005 Director Stock Plan (the “Plan”), and in a restricted
stock agreement. A copy of the Plan and such restricted stock agreement may be obtained from
the Secretary of CME Group Inc.”

During any applicable period of restriction, Eligible Directors holding Restricted Stock may
exercise full voting rights with respect to such Restricted Stock and shall be entitled to receive
all dividends and other distributions paid with respect to such Restricted Stock, unless otherwise
provided in the applicable Restricted Stock agreement. Any delayed dividend or distribution shall
be paid in a manner which complies with the requirements of Section 409A of the Internal Revenue
Code.

6. Stock Option Awards.

a. Type of Options. Any Options granted under the Plan shall be in the form of Options which
do not qualify as incentive stock options under Section 422 of the Internal Revenue Code.

b. Purchase Price. The purchase price of the Common Stock under each Option shall be
determined by the Committee, but shall not be less than 100 percent of the fair market value
of the Common Stock on the date of the award of the Option. “Fair market value” for purposes
of the Plan means the closing transaction price of the Common Stock on the NASDAQ Global
Select Market or other applicable exchange upon which the Common Stock is traded on the date
as of which such value is being determined.

c. Terms and Conditions. The Committee shall establish (i) the term of each Option, (ii) the
terms and conditions upon which, and the times when, each Option shall be exercised, and
(iii) the terms and conditions under which Options may be exercised after termination as an
Eligible Director for any reason for periods not to exceed three (3) years after such
termination.

d. Expiration Dates. Each Option shall terminate not later than the date determined by the
Committee; provided, however, that the expiration date shall not be later than the tenth
anniversary of the grant date.

e. Purchase by Cash or Stock. The purchase price of shares purchased upon the exercise of any
Option shall be paid (i) in full in cash, (ii) in whole or in part (in combination with cash)
in full shares of Common Stock owned by the Eligible Director and valued at its fair market
value on the date of exercise, or (iii) by any other means which the Committee, in its sole
discretion, determines to provide legal consideration for the purchase price of the shares,
all pursuant to procedures approved by the Committee consistent with the purposes of the Plan.

f. Transferability. Options shall not be transferable other than by will or pursuant to the
laws of descent and distribution. During the lifetime of the person to whom an Option has been
awarded, it may be exercisable only by such person or one acting in his or her stead or in a
representative capacity. Upon or after the death of the person to whom an Option is awarded,
an Option may be exercised by the Eligible Director’s legatee or legatees under his last will,
or by the Option holder’s personal representative or distributee’s executive, administrator,
or personal representative or designee in accordance with the terms of the Option.

 

7. Termination of Service. Unless otherwise provided by the Committee at the time of grant, if
a director’s service ends for any reason other than by death, permanent disability (as determined
by the Board) or expiration of his or her term of service as a director, any unvested portion of an
award granted hereunder shall immediately terminate and be forfeited to the Company without
consideration. Upon a termination of service due to death, permanent disability or expiration of
term of service as a director, all unvested awards granted hereunder shall immediately become fully
vested.

8. Adjustments and Reorganizations. In the event of any merger, reorganization, consolidation,
recapitalization, liquidation, stock dividend, split-up, share combination, or other similar change
in the corporate structure of the Company affecting the Common Stock, the Committee shall adjust
the number, class, type and series of securities available under the Plan, the number, class, type
and series of securities or other property subject to outstanding awards under the Plan and the
limitations set forth in Section 4 in such manner as the Committee in its sole discretion shall
determine to be appropriate to prevent the dilution or diminution of outstanding awards under the
Plan. Notwithstanding anything in this Plan to the contrary, all awards outstanding hereunder shall
become fully vested upon the occurrence of a change of control. “Change of control” shall have the
meaning set forth in the Company’s Amended and Restated Omnibus Stock Plan, as in effect on the
date the amendment and restatement of this Plan is approved by shareholders of the Company.

9. Tax Withholding. The Company shall have the right to (i) make deductions from any settlement of
an award under the Plan, including the delivery or vesting of shares, or require shares or cash or
both be withheld from any award, in each case in an amount sufficient to satisfy withholding of any
federal, state, or local taxes required by law, or (ii) take such other action as may be necessary
or appropriate to satisfy any such withholding obligations. The Committee may determine the manner
in which such tax withholding may be satisfied, and may permit shares of Common Stock to be used to
satisfy required tax withholding based on the fair market value of any such shares of Common Stock,
as of the appropriate time of each award.

	10.	 	Expenses. The expenses of administering the Plan shall be borne by the Company.

11. Amendments. The Board shall have complete power and authority to amend the Plan, provided that
the Board shall not amend the Plan in any manner that requires shareholder approval under
applicable law without such approval; provided, further, that notwithstanding any other provision
of the Plan or any Award Agreement, without stockholder approval, no such amendment, alternation,
suspension, discontinuation or termination shall be made that, absent such stockholder approval:

	 	•	 	violates the rules or regulations of any securities listing exchange applicable to the
Company;

	 	•	 	increases the number of shares authorized under the Plan as specified in Section 4 of
the Plan (other than pursuant to adjustments governed by Section 8);

	 	•	 	increases the number of shares subject to the limitations contained in Section 4 of the
Plan (other than pursuant to adjustments governed by Section 8);

	 	•	 	permits the award of options with an exercise price less than 100% of the fair market
value of a share on the date of grant of such option

	 	•	 	permits the repricing of options, as prohibited by Section 12 of the Plan; or

	 	•	 	expands the classes or categories of persons eligible to receive awards under the Plan.

No amendment to the Plan may, without the consent of the individual to whom the award shall
theretofore have been awarded, adversely affect the rights of an individual under the award.

 

12. Prohibition on Repricing. Except for adjustment governed by Section 8 of the Plan, no
outstanding option may be amended to reduce its initial exercise or grant price and no outstanding
option shall be cancelled in exchange for cash, other awards or replaced with an option having a
lower exercise or grant price, without the approval of the shareholders of the Company.

13. Governing Law; Requirements of Law. The Plan and all awards shall be construed in accordance
with and governed by the laws of the State of Delaware, but without regard to its conflict of law
provisions. Each award made hereunder shall be subject to the requirement that if at any time the
Company determines that the listing, registration or qualification of the Common Stock subject to
such award upon any securities exchange or under any law, or the consent or approval of any
governmental body, or the taking of any other action is necessary or desirable as a condition of,
or in connection with, the exercise or settlement of such award or the delivery of Common Stock
thereunder, such award shall not be exercised or settled and such Common Stock shall not be
delivered unless such listing, registration, qualification, consent, approval or other action shall
have been effected or obtained, free of any conditions not acceptable to the Company.

14. Effective Date of the Plan. The Plan shall become effective upon the date upon which it is
approved by the Company’s shareholders.

15. Termination. The Board may terminate the Plan or any part thereof at any time, provided that no
termination may, without the consent of the individual to whom any award shall theretofore have
been made, adversely affect the rights of an individual under the award. The Plan shall terminate
no later than April 27, 2015, unless earlier terminated by the Board.

16. Other Actions. Nothing contained in the Plan shall be deemed to preclude other compensation
plans which may be in effect from time to time or be construed to limit the authority of the
Company to exercise its corporate rights and powers, including, but not by way of limitation, the
right of the Company (a) to award options for proper corporate purposes otherwise than under the
Plan to an employee or other person, firm, corporation, or association, or (b) to award options to,
or assume the option of, any person in connection with the acquisition, by purchase, lease, merger,
consolidation, or otherwise, of the business and assets (in whole or in part) of any person, firm,
corporation, or association. The grant of an award pursuant to the Plan is no guarantee that an
Eligible Director will be renominated, reelected or reappointed as a director, and nothing in the
Plan shall be construed as conferring upon an Eligible Director the right to continue to be
associated with the Company as a director or otherwise.

17. Section 409A. The Plan and each award made under the Plan are intended to comply with or be
exempt from Section 409A of the Internal Revenue Code and the interpretative guidance thereunder
and shall at all times be interpreted and administered in accordance with such intent. To the
extent that any provision of the Plan violates Section 409A, such provision shall be automatically
reformed, if possible, to comply with Section 409A or stricken from the Plan. If an operational
failure occurs with respect to Section 409A requirements, any affected Eligible Director shall
fully cooperate with the Company to correct the failure, to the extent possible, in accordance with
any correction procedure established by the Internal Revenue Service. No provision of the Plan
shall be interpreted to transfer any liability for a failure to comply with Section 409A from an
Eligible Director or any other individual to the Company.

2EX-10.3

AMENDED AND RESTATED

CME GROUP INC. INCENTIVE PLAN FOR NAMED EXECUTIVE OFFICERS

(Amended and Restated as of May 13, 2009)

1. Purpose. The purpose of the CME Group Inc. Incentive Plan for Named Executive Officers is
to align the interests of Company management with those of the shareholders of the Company by
encouraging management to achieve goals intended to increase shareholder value.

2. Definitions. The following terms, as used herein, shall have the following meanings:

(a) “Award” shall mean an incentive compensation award, granted pursuant to the Plan,
which is contingent upon the attainment of Performance Factors with respect to a Performance
Period.

(b) “Board” shall mean the Board of Directors of the Company.

(c) “Code” shall mean the Internal Revenue Code of 1986, as amended.

(d) “Committee” shall mean the Compensation Committee of the Board or such other
committee as may be appointed by the Board to administer the Plan in accordance with
Section 3 of the Plan.

(e) “Common Stock” shall mean the common stock of the Company, par value $0.01 per
share.

(f) “Company” shall mean CME Group Inc., a Delaware corporation, or any successor
corporation.

(g) “Disability” shall mean permanent disability as determined pursuant to the
long-term disability plan or policy of the Company or its Subsidiaries in effect at the time
of such disability and applicable to a Participant.

(h) “Effective Date” shall mean January 1, 2003.

(i) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

(j) “Participant” shall mean an employee of the Company or any Subsidiary of the
Company who is, pursuant to Section 4 of the Plan, selected to participate herein.

(k) “Performance Factors” shall mean the criteria and objectives, determined by the
Committee, which must be met during the applicable Performance Period as a condition of the
Participant’s receipt of payment with respect to an Award. Performance Factors may include
any or all of the following or any combination thereof: gross margin, operating margin,
revenue growth, free cash flow, cash earnings, operating expense, expense reductions,
operations efficiency, operating cash flow, earnings per share, economic value added,
cash-flow return on investment, net income, total shareholder return, return on investment,
return on equity, return on assets or any increase or decrease of one or more of the
foregoing over a specified period. Such Performance Factors may relate to the performance of
the Company, a Subsidiary, any portion of the business, product line, or any combination
thereof and may be expressed on an aggregate, per share (outstanding or fully diluted) or
per unit basis. Where applicable, the Performance Factors may be expressed in terms of
attaining a specified level of the particular criteria, the attainment of a percentage
increase or decrease in the particular criteria, or may be applied to the performance of the
Company, a Subsidiary, a business unit, a product line, or any combination thereof, relative
to a market index, a group of other companies (or their subsidiaries, business units or
product lines), or a combination thereof, all as determined by the Committee. Performance
Factors may include a threshold level of performance below which no payment shall be made,
levels of performance below the target level but above the threshold level at which
specified percentages of the Award shall be paid, a target level of performance at which the
full Award shall be paid, levels of performance above the target level but below the maximum
level at which specified multiples of the Award shall be paid, and a maximum level of
performance above which no additional payment shall be made. Performance Factors may also
specify that payments for levels of performances between specified levels will be
interpolated.

 

(l) “Performance Period” shall mean the twelve-month periods commencing on
January 1, 2003 and each January 1 thereafter, or such other longer or shorter periods as
the Committee shall determine, consistent with the requirements of Section 162(m), if
applicable.

(m) “Plan” shall mean this CME Group Inc. Incentive Plan for Named Executive Officers
(formerly known as the Annual Incentive Plan for Highly Compensated Executives).

(n) “Subsidiary” shall mean any company, partnership, limited liability company,
business or entity (other than the Company) of which at least 50% of the combined voting
power of its voting securities is, or the operations and management are, directly or
indirectly controlled by the Company.

3. Administration. The Plan shall be administered by a Committee of the Board. The Committee
shall have the authority in its sole discretion, subject to and not inconsistent with the express
provisions of the Plan, to administer the Plan and to exercise all the powers and authorities
either specifically granted to it under the Plan or necessary or advisable in the administration of
the Plan, including, without limitation, the authority to grant Awards; to determine the persons to
whom and the time or times at which Awards shall be granted; to determine the terms, conditions,
restrictions and Performance Factors relating to any Award; to determine whether, to what extent,
and under what circumstances an Award may be settled, cancelled, forfeited, or surrendered; to make
adjustments in the Performance Factors in recognition of unusual or non-recurring events affecting
the Company or its Subsidiaries or the financial statements of the Company or its Subsidiaries, or
in response to changes in applicable laws, regulations or accounting principles; to construe and
interpret the Plan and any Award; to prescribe, amend and rescind rules and regulations relating to
the Plan; to determine the terms and provisions of Awards (including provisions relating to a
change in control of the Company); and to make all other determinations deemed necessary or
advisable for the administration of the Plan. Without limiting the generality of the foregoing, the
Committee shall have the sole discretion to determine whether, or to what extent, Performance
Factors are achieved; provided, however, that the Committee shall have the authority to make
appropriate adjustments in Performance Factors under an Award to reflect the impact of
extraordinary items not reflected in such goals. For purposes of the Plan, extraordinary items
shall be defined as (1) any profit or loss attributable to acquisitions or dispositions of stock or
assets, (2) any changes in accounting standards or treatments that may be required or permitted by
the Financial Accounting Standards Board or adopted by the Company or its Subsidiaries after the
goal is established, (3) all items of gain, loss or expense for the year related to restructuring
charges for the Company or its Subsidiaries, (4) all items of gain, loss or expense for the year
determined to be extraordinary or unusual in nature or infrequent in occurrence or related to the
disposal of a segment of a business, (5) all items of gain, loss or expense for the year related to
discontinued operations that do not qualify as a segment of a business as defined in APB Opinion
No. 30 (or successor literature), (6) the impact of capital expenditures, (7) the impact of share
repurchases and other changes in the number of outstanding shares, and (8) such other items as may
be prescribed by Section 162(m) of the Code and the Treasury Regulations thereunder as may be in
effect from time to time, and any amendments, revisions or successor provisions and any changes
thereto.

The Committee shall consist of two or more persons each of whom shall be an “outside director”
within the meaning of Section 162(m) of the Code. All decisions, determinations and interpretations
of

 the Committee shall be final and binding on all persons, including the Company and
the Participant (or any person claiming any rights under the Plan from or through any Participant).

Subject to Section 162(m) of the Code or as otherwise required for compliance with other
applicable law, the Committee may delegate all or any part of its authority under the Plan.

4. Eligibility. Awards may be granted to Participants in the sole discretion of the Committee.
In determining the persons to whom Awards shall be granted and the Performance Factors relating to
each Award, the Committee shall take into account such factors as the Committee shall deem relevant
in connection with accomplishing the purposes of the Plan.

5. Terms of Awards. Awards granted pursuant to the Plan shall be communicated to Participants
in such form as the Committee shall from time to time approve and the terms and conditions of such
Awards shall be set forth therein.

(a) In General. On or prior to the date on which 25% of a Performance Period has elapsed
(but not later than the 90th day of such period), the Committee shall
specify in writing, by resolution of the Committee or other appropriate action, the
Participants for such Performance Period and the Performance Factors applicable to each Award
for each Participant with respect to such Performance Period. Payment in respect of Awards
shall be made only if and to the extent the minimum Performance Factors with respect to such
Performance Period are attained.

(b) Special Provisions Regarding Awards. Notwithstanding anything to the contrary
contained herein, in no event shall payment in respect of Awards granted hereunder exceed
$5,000,000 to any one Participant in any one year. The Committee may at its discretion
decrease the amount of an Award payable upon attainment of the specified Performance Factors,
but in no event may the Committee increase at its discretion the amount of an Award payable
upon attainment of the specified Performance Factors.

(c) Time and Form of Payment. All payments in respect of Awards granted under this Plan
shall be made in cash within two and one-half (2  1/2) months
after the end of the Performance Period, but in no event shall such payments be made later
than December 31 of the year after the end of the Performance Period.

6. Term. Subject to the approval of the Amended and Restated Plan by the holders of a majority
of the Common Stock represented and voting on the proposal at the annual meeting of Company
stockholders to be held in 2009 (or any adjournment thereof), the Plan shall be effective as of
May 13, 2009 and shall continue in effect until the fifth anniversary of the date of such
stockholder approval, unless earlier terminated as provided below.

7. General Provisions.

(a) Compliance with Legal Requirements. The Plan and the granting and payment of Awards,
and the other obligations of the Company under the Plan shall be subject to all applicable
federal and state laws, rules and regulations, and to such approvals by any regulatory or
governmental agency as may be required.

(b) Nontransferability. Awards shall not be transferable by a Participant.

(c) No Right To Continued Employment. Nothing in the Plan or in any Award granted
pursuant hereto shall confer upon any Participant the right to continue in the employ of the
Company or any of its Subsidiaries or to be entitled to any remuneration or benefits not set
forth in the Plan or to interfere with or limit in any way whatever rights otherwise exist of
the Company or its Subsidiaries to terminate such Participant’s employment or change such
Participant’s remuneration.

 

(d) Withholding Taxes. Where a Participant or other person is entitled to receive a
payment pursuant to an Award hereunder, the Company shall have the right either to deduct from
the payment, or to require the Participant or such other person to pay to the Company prior to
delivery of such payment, an amount sufficient to satisfy any federal, state, local or other
withholding tax requirements related thereto.

(e) Amendment, Termination and Duration of the Plan. The Board or the Committee may at
any time and from time to time alter, amend, suspend, or terminate the Plan in whole or in
part; provided that, no amendment that requires stockholder approval in order for the Plan to
continue to comply with Code Section 162(m) shall be effective unless the same shall be
approved by the requisite vote of the stockholders of the Company.

(f) Participant Rights. No Participant shall have any claim to be granted any Award under
the Plan, and there is no obligation for uniformity of treatment for Participants.

(g) Termination of Employment.

(i) Unless otherwise provided by the Committee, and except as set forth in
subparagraph (ii) of this Section 7(g), a Participant must be actively employed by the
Company or its Subsidiaries at the time Awards are generally paid with respect to a
Performance Period in order to be eligible to receive payment in respect of such Award.

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(ii) Unless otherwise provided by the Committee, if a Participant’s employment is
terminated as result of death, Disability or voluntary retirement with the consent of the
Company prior to the end of the Performance Period, such Participant shall receive a pro
rata portion of the Award that he or she would have received with respect to the
applicable Performance Period provided that the minimum Performance Factors with respect
to such Performance Period are attained. Such pro rata Award shall be payable at the time
payment is made to other Participants in respect of such Performance Period.

(h) Unfunded Status of Awards. The Plan is intended to constitute an “unfunded” plan for
incentive and deferred compensation. With respect to any payments not yet made to a
Participant pursuant to an Award, nothing contained in the Plan or any Award shall give any
such Participant any rights that are greater than those of a general creditor of the Company.

(i) Governing Law. The Plan and all determinations made and actions taken pursuant hereto
shall be governed by the laws of the State of Delaware without giving effect to the conflict
of laws principles thereof.

(j) Effective Date. The Plan shall take effect upon its adoption by the Board; provided,
however, that the Plan shall be subject to the requisite approval of the stockholders of the
Company in order to comply with Section 162(m) of the Code. In the absence of such approval,
the Plan (and any Awards made pursuant to the Plan prior to the date of such approval) shall
be null and void.

(k) Interpretation. The Plan is designed and intended to comply, to the extent
applicable, with Section 162(m) of the Code, and all provisions hereof shall be construed in a
manner to so comply.

 

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