Document:

Form of equity grant letter for annual grant of performance shares

 Exhibit 10.8 
 

 
  
 Name: 

Congratulations! We are pleased to provide you with a long-term incentive opportunity under the CME Group Inc. Amended and Restated Omnibus Stock Plan
(the “Plan”). This long-term incentive opportunity is in recognition of the anticipated positive impact you will make toward the future success of the company. Your grant provides you with the opportunity to earn a range of performance
shares based on [insert performance criteria]. If earned, the ultimate payout for achieving the performance goals will be in the form of CME Group Inc. stock, which is a means for you to share in the success of the overall company. Certain terms of
your long-term incentive opportunity follow: 
 Performance Share Terms 

 

	 Performance Shares: 
	Your grant has a target of              Performance Shares for the achievement of Performance Goals at the target levels.
Payouts will be settled after the end of the Performance Period by the issuance of restricted shares of Class A common stock, $.01 par value, of CME Group Inc. if certain specified Performance Goals are achieved for the Performance Period as
set forth below. 

 Grant Date: 

Performance Period: 
 Performance Goals: 
 Vesting Schedule: 

Performance Shares that are earned if any, shall be settled in restricted shares of Class A common stock, $0.01 par value of CME
Group Inc., and shall be based on the actual performance achieved under the Performance Goals during the Performance Period and issued in accordance with the Terms and Conditions attached hereto. Such shares shall become vested and payable over
             years beginning with             % of the award vesting
             of the fiscal year immediately following the end of the Performance Period and             % vesting on each
anniversary thereafter, except as otherwise provided by the terms and conditions in the Plan. 
 Payment
Date 

	 of Award: 
	The Performance Shares granted for each Goal shall be based on the actual performance achieved under each of the respective Goals during the respective Performance Period, in accordance with the
Terms and Conditions attached hereto. The Goals shall not be deemed to be attained until the Compensation Committee and/or its delegate confirms that they have been attained. Performance Shares earned shall be settled in restricted shares of
Class A common stock, $.01 par value of CME Group Inc., which shall be issued as soon as administratively practicable after the Compensation Committee and/or its delegate confirms that the Goals have been attained. 

Additional Terms 

	 and Conditions: 
	The Performance Shares granted are subject to the Terms and Conditions attached hereto, as well as the terms and conditions set forth in the Plan. 

 

	 Dividends: 
	Any restricted shares issued at the end of the Performance Period will accrue dividends effective with the date the restricted shares are issued. The dividends will be paid out in cash via
E*Trade according to the vesting schedule. 

 In addition to the terms stated in this grant letter, your equity grant shall be
subject to the terms and conditions of the Plan, which are subject to change at any time. All documents relating to the Plan, including the Plan Document, Prospectus and Beneficiary Form, can be accessed online by logging on to your E*TRADE account
at www.etrade.com/stockplans or by calling E*TRADE at 800-838-0908 or +1-650-599-0125 if outside the U.S. A copy of the current CME Group Form 10-K can be found at: http://investor.cmegroup.com/investor-relations/financials.cfm.
Please submit your completed W-9 Form (or W-8BEN Form if outside the U.S.) and Beneficiary Designation Form to CME Group’s Compensation Department, 20 S. Wacker, 2N, Chicago, IL 60606. 

  
 1 

 TERMS AND CONDITIONS 

 

	1.	Performance Shares Earned. The number of Performance Shares earned, if any, will be based on the actual performance achieved during the Performance Period
relative to each Performance Goal. This determination shall be made in accordance with the following schedules: 

  

	 	a.	Goal 1 –             % Performance Shares at Target: 

 

			
	 Goal Achievement
	  	 Performance Shares Earned

		
		  	200% of above portion of Target Performance Shares
		
		  	100% of above portion of Target Performance Shares
		
		  	50% of above portion of Target Performance Shares
		
		  	0% of above portion of Target Performance Shares

 Note: If actual performance falls between any of the levels above, then straight-line interpolation
will be applied to determine the number of Shares earned. 
  

	 	b.	Goal 2 –             % of Performance Shares at Target: 

 

			
	 Goal Achievement
	  	 Performance Shares Earned

		
		  	200% of above portion of Target Performance Shares
		
		  	100% of above portion of Target Performance Shares
		
		  	50% of above portion of Target Performance Shares
		
		  	0% of above portion of Target Performance Shares

 Note: If actual performance falls between any of the levels above, then straight-line interpolation
will be applied to determine the number of Shares earned. 
  

	2.	Eligibility to Receive Grant and Condition of Receipt of Performance Shares. Notwithstanding any other eligibility requirements specified in these grants or in
the Plan, in order to be eligible to receive this award and as a condition of receipt of payment of any earned Performance Shares under this award, you must have entered into an agreement with the Company containing certain post-termination of
employment restrictions regarding competition with the Company and non solicitation of the Company’s customers and employees prior to receiving this grant. The post-termination employment restrictions applicable to you are set forth in the
Confidentiality, Non-Competition and Non-Solicitation Agreement with the Company, which is incorporated herein by reference. 

  

	3.	Eligibility to Receive Performance Shares. Notwithstanding any other eligibility requirements specified in this grant or in the Plan, in order for you to be
eligible to receive payment of any earned Performance Shares after the end of the Performance Period, you must remain employed through the Payment and applicable Vesting dates. 

 

	4.	Termination of Service. If your employment is terminated by reason of death or Disability (as defined in the Plan), your eligibility for payment of the
Performance Shares is governed by the terms of the Plan. If your employment is terminated for any other reason, any Performance Shares that are not paid and vested will be forfeited. 

 

	5.	Definitions: 

  
 2Amendment No. 2 to Rights Agreement

 Exhibit 10.29 
 AMENDMENT NO. 2 
 to 

RIGHTS AGREEMENT 

Amendment No. 2 (the “Amendment”) dated as of June 21, 2011, between Virtus Investment Partners, Inc. (the “Company”) and Mellon
Investor Services LLC, as Rights Agent (the “Rights Agent”), to the Rights Agreement dated as of December 29, 2008, as previously amended by Amendment No. 1 on June 19, 2011 (the “Rights Agreement”) between the Company and the
Rights Agent. 
 W I T N E S S E T H: 

WHEREAS, the Company and the Rights Agent are parties to the Rights Agreement; 

WHEREAS, the parties acknowledge that Section 2 of the Rights Agreement was erroneously amended by Amendment No. 1;

 WHEREAS, the parties desire to amend the Rights Agreement to modify the obligations of the Rights Agent under Section
2 therein; 
 NOW, THEREFORE, for consideration set forth herein and in the Rights Agreement, the sufficiency and receipt
of which is hereby acknowledged, and intending to be legally bound, the Company and the Rights Agent agree as follows: 
 1.
Definitions. Except as set forth below, all capitalized terms used in this Amendment shall have their respective meanings set forth in the Rights Agreement. 
 2. Amendment to Section 2. Section 2 of the Rights Agreement is hereby amended, effective as of June 19, 2011 to delete the text “and the holders of the Rights (who, in accordance with Section
3 hereof, shall prior to the Distribution Date also be the holders of Common Stock)” immediately following the phrase “to act as agent for the Company” in the first sentence thereof. 

3. Continuing Force and Effect. 
 (a) Except as expressly provided herein, all of the terms and conditions of the Rights Agreement shall continue in full force and effect. 

(b) From and after the execution and delivery hereof, all references to the Rights Agreement contained in other agreements or
instruments (however the Rights Agreement may be defined in such other agreements or instruments) shall hereafter refer to the Rights Agreement as amended pursuant to this Amendment. 

4. Miscellaneous. 
 (a) No waiver, amendment or modification hereof shall be valid unless effected in the manner required by the Rights Agreement. 
 (b) This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of the State of
Delaware applicable to contracts made and to be performed entirely within the State of Delaware; provided, however, that all provisions regarding the rights, obligations, duties and immunities of the Rights Agent shall be governed by and construed
in accordance with the laws of the State of New York. 
 (c) This Amendment shall be binding upon, and shall inure to the
benefit of, the parties and their respective successors and permitted assigns. 

 (d) This Amendment may be executed in any number of counterparts, each of which shall be
deemed to constitute an original, but all of which together shall constitute one and the same instrument. 
 (e) The captions
and paragraph headings used in this Amendment have been inserted for convenience of reference only, and shall not affect the construction or interpretation of any provision hereof. 

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the day and year first above written.

  

					
	VIRTUS INVESTMENT PARTNERS, INC
		
	 By:
	 	 /s/ George R. Aylward

		 	Name:	 	George R. Aylward
		 	Title:	 	President and Chief Executive Officer
	
	MELLON INVESTOR SERVICES LLC
		
	 By:
	 	 /s/ Lee Kowalsky

		 	Name:	 	LEE KOWALSKY
		 	Title:	 	SENIOR RELATIONSHIP MGR.

  
 2

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