Document:

EXHIBIT 10.9

 

EQUIFAX INC. 2008 OMNIBUS INCENTIVE
PLAN

 

EMPLOYEE RESTRICTED STOCK UNIT
AGREEMENT

 

[Participant]

 

Number of Shares Subject to Award: [Number of
Shares]

 

Date of Grant: 
[Grant Date]

 

Pursuant to the
Equifax Inc. 2008 Omnibus Incentive Plan (the “Plan”), Equifax Inc., a Georgia
corporation (the “Company”), has granted the above-named participant
(“Participant”) Restricted Stock Units (the “Award”) entitling Participant to
receive such number of shares of Company common stock (the “Shares”) as is set
forth above on the terms and conditions set forth in this agreement (this
“Agreement”) and the Plan.  Capitalized
terms used in this agreement (the “Agreement”) and not defined herein shall
have the meanings set forth in the Plan.

 

1.     Grant Date.  The Award is granted to participant on the
Grant Date set forth above.

 

2.     Vesting.  Subject to earlier vesting in accordance with
Sections 3 or 4 below, the Shares shall vest on the third anniversary of the
Grant Date set forth above (the “Vesting Date”). 
Prior to the Vesting Date, the Shares subject to the Award shall be
nontransferable and, except as otherwise provided herein, shall be immediately
forfeited upon Participant’s termination of employment with the Company and its
Subsidiaries.   The Committee which
administers the Plan reserves the right, in its sole discretion, to waive or
reduce the vesting requirements.

 

3.     Termination
of Employment. 
Participant’s unvested Shares subject to the Award shall become vested
and nonforfeitable after termination of Participant’s employment with the
Company or a Subsidiary under the following circumstances:

 

(a)   Death
or Disability.  If termination
results from Participant’s death or Disability (as such terms are defined in
the Plan), then all unvested Shares subject to the Award shall immediately
become vested and nonforfeitable as of the date of Participant’s death or
termination due to Disability.

 

(b)   Retirement.  If termination results from Participant’s
Retirement (as such term is defined in the Plan) from the Company or a
Subsidiary (other than for Cause), all unvested Shares subject to the Award
shall immediately become vested and nonforfeitable as of the date of
Participant’s Retirement.

 

4.   Change of Control.  If a Change of Control occurs while
Participant is employed by the Company or a Subsidiary, then all unvested
Shares subject to the Award shall immediately become vested and nonforfeitable
as of the date on which the Change of Control occurs.

 

5.   Cancellation and Rescission of Award.

 

(a)   If, at any time, (i) during Participant’s employment with the
Company or a Subsidiary or (ii) during the period after Participant’s
termination of employment with the Company or any Subsidiary for any reason,
but not to exceed 24 months following Participant’s termination of employment,
Participant engages in any “Detrimental Activity” (as defined in subsection (b) below),
the Committee may, notwithstanding any other provision in this Agreement to the
contrary, cancel, rescind, suspend, withhold or otherwise restrict or limit
this Award as of the first date Participant engaged in the Detrimental
Activity, as determined by the Committee. 
Without limiting the generality of the foregoing, the Committee may also
require Participant to pay to the Company any gain realized by Participant from
the Shares subject to the Award during the period beginning six months prior to
the date on which Participant engaged or began engaging in Detrimental
Activity.

 

1

 

(b)   For
purposes of this Agreement, “Detrimental Activity” shall mean and include any
of the following:

 

(i.)     the breach or violation of any other
agreement between Participant and the Company relating to protection of
Confidential Information or Trade Secrets, solicitation of employees, customers
or suppliers, or refraining from competition with the Company;

 

(ii.)    the disclosure, reproduction or use of
Confidential Information or Trade Secrets (each as defined below) for the
benefit of Participant or third parties except in connection with the
performance of Participant’s duties for the Company or, after advance notice to
the Company, as required by a valid order or subpoena issued by a court or
administrative agency of competent jurisdiction;

 

(iii.)   the use, reproduction, disclosure or
distribution of any information which the Company is required to hold
confidential under applicable federal and state laws and regulations, including
the federal Fair Credit Reporting Act (15 U.S.C. § 1681 et seq.) and any
state credit reporting statutes;

 

(iv.)   the making, or causing or attempting to cause
any other person to make, any statement, either written or oral, or conveying
any information about the Company which is disparaging or which in any way
reflects negatively upon the Company;

 

(v.)   the solicitation or attempt to solicit any
customer or actively targeted potential customer of the Company with whom the
Participant had material contact on the Company’s behalf during the 12 months
immediately preceding Participant’s termination of employment;

 

(vi.)   the solicitation or recruitment, attempt to
solicit or recruit, or the assistance of others in soliciting or recruiting,
any individual who is or was, within 6 months of the date in question, an
employee of the Company unless such former employee was terminated by the
Company without cause, or the inducement of (or attempt to induce) any such
employee of the Company to terminate his employment with the Company; or

 

(vii.)   the refusal or failure of Participant to
provide, upon the request of the Company, a certification, in a form
satisfactory to the Company, that he or she is in full compliance with the
terms and conditions of the Plan and this Agreement, including, without
limitation, a certification that Participant is not engaging in Detrimental
Activity.

 

(c)          “Trade Secret” means information, including, but not limited
to, technical or non-technical data, a formula, a pattern, a compilation, a
program, a device, a method, a technique, a drawing, a process, financial data,
financial plans, product plans, or a list of actual or potential Company
customers or suppliers which (i) derives independent economic value,
actual or potential, from not being generally known to, and not being readily
ascertainable by proper means by, other persons who can obtain economic value
from its disclosure or use, and (ii) is the subject of the Company’s
efforts that are reasonable under the circumstances to maintain secrecy; or as
otherwise defined by applicable state law.

 

(d)         “Confidential Information” means any and all knowledge,
information, data, methods or plans (other than Trade Secrets) which are now or
at any time in the future developed, used or employed by the Company which are
treated as confidential by the Company and not generally disclosed by the
Company to the public, and which relate to the business or financial affairs of
the Company, including, but not limited to, financial statements and
information, marketing strategies, business development plans, acquisition or
divestiture plans, and product or process enhancement plans.

 

6.   Termination for Cause.  For purposes of this Agreement, termination
for “Cause” means termination as a result of (a) the willful and continued
failure by Participant to substantially perform his or her duties with the
Company or any Subsidiary (other than a failure resulting from Participant’s
incapacity due to physical or mental illness), after a written demand for
substantial performance is delivered to Participant by his or her superior
officer which specifically identifies the manner the officer believes that
Participant has not substantially performed his or her duties, or (b) Participant’s
willful misconduct which materially injures the Company, monetarily or
otherwise.  For purposes of this Section,
Participant’s act, or failure to act, will not be considered “willful” unless
the act or failure to act is not in good faith and without reasonable belief
that his or her action or omission was in the best interest of the Company.

 

2

 

7.   Transfer of Vested Shares. 
Stock certificates (or appropriate evidence of ownership) representing the
unrestricted Shares will be delivered to the Participant (or to a party
designated by the Participant) as soon as practicable after (but no later than
90 days after) the Vesting Date or event set forth in Sections 3 or 4;
provided, however, if the Participant has properly elected to defer delivery of
the Shares pursuant to a plan or program of the Company, the Shares shall be
issued and delivered as provided in such plan or program.

 

8.   Dividends.  Participants granted
the Award shall not be entitled to receive any cash dividends, stock dividends
or other distributions paid with respect to the Shares, except in circumstances
where the distribution is covered by Section 14 below.

 

9.   Non-Transferability
of Award. 
Subject to any valid deferral election, until the Shares have been issued under
this Award and the Shares issuable hereunder and the rights and privileges
conferred hereby may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated by operation of law or otherwise (except as permitted
by the Plan).  Any attempt to do so contrary to the provisions hereof
shall be null and void.

 

10.   Conditions to Issuance of Shares.  The Shares deliverable to Participant
hereunder may be either previously authorized but unissued Shares or issued
Shares which have been reacquired by the Company.  The Company shall not be required to issue
any certificate or certificates for Shares prior to fulfillment of all of the
following conditions: (a) the admission of such Shares to listing on all
stock exchanges on which such class of stock is then listed; (b) the
completion of any registration or other qualification of such Shares under any
state or federal law or under the rulings and regulations of the Securities and
Exchange Commission or any other governmental regulatory body, which the
Committee shall, in its discretion, deem necessary or advisable; (c) the
obtaining of any approval or other clearance from any state or federal
governmental agency, which the Committee shall, in its discretion, determine to
be necessary or advisable; and (d) the lapse of such reasonable period of
time following the grant of the Shares as the Committee may establish from time
to time for reasons of administrative convenience.

 

11.   No  Rights as Shareholder. 
Except as provided in Section 8, the Participant shall not have voting or
any other rights as a shareholder of the Company with respect to the unvested
Shares.  Upon settlement of the Award into Shares, the Participant will
obtain full voting and other rights as a shareholder of the Company with
respect to such Shares.

 

12.   Administration.  The Committee shall
have the power to interpret the Plan and this Agreement and to adopt such rules for
the administration, interpretation, and application of the Plan as are
consistent therewith and to interpret or revoke any such rules.  All
actions taken and all interpretations and determinations made by the Committee
shall be final and binding upon the Participant, the Company, and all other
interested persons.  No member of the Committee shall be personally liable
for any action, determination, or interpretation made in good faith with
respect to the Plan or this Agreement.

 

13.   Fractional Shares.  Fractional shares will not be issued, and
when any provision of this Agreement otherwise would entitle Participant to
receive a fractional share, that fraction will be disregarded.

 

14.   Adjustments in Capital Structure.  In the event of a change in corporate
capitalization as described in Section 18 of the Plan, the Committee shall
make appropriate adjustments to the number and class of Shares or other stock
or securities subject to the Award.  The
Committee’s adjustments shall be effective and final, binding and conclusive
for all purposes of this Agreement.

 

15.   Taxes.  Regardless of any action the Company or a
Subsidiary (the “Employer”) takes with respect to any or all income tax, social
insurance, payroll tax, payment on account or other tax-related withholding
(“Tax-Related Items”), Participant acknowledges and agrees that the ultimate
liability for all Tax-Related Items legally due by him or her is and remains Participant’s
responsibility and that the Company and/or the Employer (i) make no
representations nor undertakings regarding the treatment of any Tax-Related
Items in connection with any aspect of this Award, including the grant or
vesting of the Shares subject to this Award, the subsequent sale of Shares
acquired pursuant to such vesting and receipt of any dividends; and (ii) do
not commit to structure the terms or the grant or any aspect of this Award to
reduce or eliminate Participant’s liability for Tax-Related Items.  Upon the vesting of this Award, Participant
shall pay or make adequate arrangements satisfactory to the Company and or the
Employer to withhold all applicable Tax-Related Items legally payable from Participant’s
wages or other cash compensation paid to Participant by the Company and or the
Employer or from proceeds of the sale of Shares.  Alternatively, or in addition, if permissible
under local law, the Company may (1) sell or arrange for sale of Shares
that Participant acquires to meet the required withholding obligations for
Tax-Related Items, and or (2) satisfy in 

 

3

 

Shares, provided that the Company only withholds the amount of Shares
necessary to withhold the required minimum withholding amount.  In addition, Participant shall pay the
Company or the Employer any amount of Tax-Related Items that the Company or the
Employer may be required to withhold as a result of Participant’s participation
in the Plan or Participant’s purchase of Shares that cannot be satisfied by the
means previously described.  The Company
may refuse to honor the exercise and refuse to deliver the Shares if
Participant fails to comply with Participant’s obligations in connection with
the Tax-Related Items.

 

16.   Consents.  By accepting the grant of this Award,
Participant acknowledges and agrees that: (i) the Plan is established
voluntarily by the Company, it is discretionary in nature and may be modified,
amended, suspended or terminated by the Company at any time unless otherwise
provided in the Plan or this Agreement; (ii) the grant of this Award is
voluntary and occasional and does not create any contractual or other right to
receive future grants of Shares, or benefits in lieu of Shares, even if Shares
have been granted repeatedly in the past; (iii) all decisions with respect
to future grants, if any, will be at the sole discretion of the Company; (iv) the
Participant’s participation in the Plan shall not create a right of further
employment with the Company and shall not interfere with the ability of the
Company to terminate Participant’s employment relationship at any time with or
without cause and it is expressly agreed and understood that employment is
terminable at the will of either party, insofar as permitted by law; (v) Participant
is participating voluntarily in the Plan; (vi) this Award is an
extraordinary item that is outside the scope of Participant’s employment
contract, if any; (vii) this Award is not part of normal or expected
compensation or salary for any purposes, including but not limited to
calculating any severance, resignation, termination, redundancy, end of service
payments, bonuses, long-service awards, pension or retirement benefits or
similar payments insofar as permitted by law; (viii) in the event
Participant is not an employee of the Company, this Award will not be
interpreted to form an employment contract or relationship with the Company or
any Subsidiary or Affiliate; (ix) the future value of the underlying
Shares is unknown and cannot be predicted with certainty; (x) if the
underlying Shares do not increase in value, this Option will have no value;
(xi) the value of those Shares may increase or decrease in value; (xii) in
consideration of the grant of this Award, no claim or entitlement to
compensation or damages shall arise from termination of this Award or
diminution in value of Shares subject to the Award resulting from termination
of Participant’s employment by the Company or the Employer (for any reason
whatsoever and whether or not in breach of local labor laws) and Participant
irrevocably releases the Company and the Employer from any such claim that may
arise; if, notwithstanding the foregoing, any such claim is found by a court of
competent jurisdiction to have arisen, then, by accepting the terms of this
Agreement, Participant shall be deemed irrevocably to have waived any
entitlement to pursue such claim; and (xiii) except as otherwise expressly
provided in the Plan, in the event of involuntary termination of employment
(whether or not in breach of local labor laws), Participant’s right to receive
Awards under the Plan, if any, will terminate effective as of the date that
Participant is no longer actively employed and will not be extended by any
notice period mandated under local law; furthermore, in the event of
involuntary termination of employment (whether or not in breach of local labor
laws), Participant’s right to this Award after termination of employment, if
any, will be measured by the date of termination of Participant’s active
employment and will not be extended by any notice period mandated under local
law; the Committee shall have the exclusive discretion to determine when
Participant is no longer actively employed for purposes of this Award.

 

17.   Consent for Accumulation and Transfer of Data.  Participant consents to the accumulation and
transfer of data concerning him or her and the Award to and from the Company
and UBS, or such other agent as may administer the Plan on behalf of the
Company from time to time.  In addition,
Participant understands that the Company holds certain personal information
about Participant, including but not limited to his or her name, home address,
telephone number, date of birth, social security number, salary, nationality,
job title, and details of all options awarded, vested, unvested, or expired
(the “personal data”).  Certain personal
data may also constitute “sensitive personal data” within the meaning of
applicable local law.  Such data include
but are not limited to information provided above and any changes thereto and
other appropriate personal and financial data about Participant.  Participant hereby provides explicit consent
to the Company to process any such personal data and sensitive personal
data.  Participant also hereby provides
explicit consent to the Company to transfer any such personal data and
sensitive personal data outside the country in which Participant is employed,
and to the United States.  The legal
persons for whom such personal data are intended are the Company, UBS, and any
company providing services to the Company in connection with compensation
planning purposes or the administration of the Plan.

 

18.   Plan Information.  Participant agrees to receive copies of the
Plan, the Plan prospectus and other Plan information, including information
prepared to comply with laws outside the United States, from the Plan website
referenced above and shareholder information, including copies of any annual
report, proxy statement, Form  10-K, Form 10-Q, Form 8-K and
other information filed with the SEC, from the investor relations section of
the Equifax 

 

4

 

website at
www.equifax.com.  Participant
acknowledges that copies of the Plan, Plan prospectus, Plan information and
shareholder information are available upon written or telephonic request to the
Company’s Corporate Secretary.

 

19.   Plan Incorporated by Reference; Conflicts.  The Plan and this Agreement constitute the
entire agreement of the parties with respect to the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the
Company and Participant with respect to the subject matter hereof, and may not
be modified adversely to Participant’s interest except by means of a writing
signed by the Company and Participant. 
Notwithstanding the foregoing, nothing in the Plan or this Agreement
shall affect the validity or interpretation of any duly authorized written
agreement between the Company and Participant under which an Award properly
granted under and pursuant to the Plan serves as any part of the consideration
furnished to Participant.  If provisions
of the Plan and this Agreement conflict, the Plan provisions will govern.

 

20.   Participant Bound by Plan.  Participant acknowledges receiving a summary
of the Plan, and agrees to be bound by all the terms and conditions of the
Plan.  Except as limited by the Plan or
this Agreement, this Agreement is binding on and extends to the legatees,
distributees and personal representatives of Participant and the successors of
the Company.

 

21.   Governing Law.  This Agreement has been made in and shall be
construed under and in accordance with the laws of the State of Georgia, USA
without regard to conflict of law provisions.

 

22.   Translations.  If Participant has received this or any
other document related to the Plan translated into any language other than
English and if the translated version is different than the English version,
the English version will control.

 

23.   Severability.  The provisions of this Agreement are
severable and if any one or more provisions are determined to be illegal or
otherwise unenforceable, in whole or in part, the remaining provisions shall
nevertheless be binding and enforceable.

 

	
  PARTICIPANT

  	
   

  	
  EQUIFAX INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  
	
  (Signature)

  	
   

  	
   

  	
  Richard F. Smith  

  
	
   

  	
   

  	
   

  	
  Chairman & CEO

  
	
  (Printed Name)

  	
   

  	
   

  	
   

  

 

THIS
DOCUMENT CONSTITUTES PART OF A PROSPECTUS COVERING

 

SECURITIES
THAT HAVE BEEN REGISTERED UNDER THE

 

SECURITIES
ACT OF 1933.

 

#132306 (5/19/08)

 

5EXHIBIT
10.10

 

EQUIFAX INC.

 

2008 Omnibus Incentive Plan

 

Rules of the 2008 Sub-Plan
for UK Participants

 

1.         General

 

This
schedule to the Equifax Inc. 2008 Omnibus Incentive Plan (the “Plan”) sets out
the rules of the 2008 Sub-Plan for UK Participants (the “Sub-Plan”).  This Sub-Plan applies to any grant of Options
under the Plan to a UK Participant unless the applicable Option Agreement
otherwise provides.

 

2.         Purpose of Sub-Plan

 

The
purpose of the Sub-Plan is to enable the grant to, and subsequent exercise by,
an Eligible Employee in the UK on a tax favoured basis, of Options to acquire
Shares in the Company under the Plan.

 

This
plan has been established under the terms of the Plan in order to ensure that
Options granted under the Plan are capable of being granted under a share
option plan approved under Schedule 4. It is intended that this Sub-Plan will
qualify as an HM Revenue & Customs approved Company Share Option Plan.

 

3.         Rules of Sub-Plan

 

The
rules of the Plan, in their present form and as amended from time to time,
shall, with the modifications set out in this schedule, form the rules of
the Sub-Plan.  If there is any conflict
between the rules of the Plan and this Sub-Plan, the rules of this
Sub-Plan shall prevail.

 

The
Sub-Plan shall form part of the Plan and not a separate and independent plan.

 

4.         Interpretation

 

In
the Sub-Plan, unless the context otherwise requires, the following words and
expressions have the following meanings:

 

	
  “Acquiring
  Company” 

  	
  a
  company which obtains Control of the Company in the circumstances referred to
  in rule 13 of the Sub-Plan;

  
	
   

  	
   

  
	
  “Approval
  Date”

  	
  the
  date on which the Sub-Plan is approved by HM Revenue & Customs under
  Schedule 4;

  
	
   

  	
   

  
	
  “Associated
  Company”

  	
  the
  meaning given to that expression by paragraph 35 of Schedule 4;

  
	
   

  	
   

  
	
  “Close
  Company”

  	
  the
  meaning given to that expression by section 414(1) of ICTA, as qualified
  by paragraph 9(4) of Schedule 4;

  
	
   

  	
   

  
	
  “Control”

  	
  the
  meaning given to that word by section 995 of ITA and “Controlled” shall be
  construed accordingly;

  
	
   

  	
   

  
	
  “CSOP Code”

  	
  the
  meaning given to that expression by section 521(3) of ITEPA;

  
	
   

  	
   

  
	
  “Date
  of Grant”

  	
  the
  date on which an Option is granted;

  
	
   

  	
   

  
	
  “Eligible
  Employee”

  	
  a
  Participant, as defined in section 2(s) of the Plan, who is:

  
	
   

  	
   

  
	
   

  	
  (a) an
  employee (other than one who is also a director) of a Participating Company
  in the Sub-Plan, or

  

 

1

 

	
   

  	
  (b) a
  director (other than a non-executive director) of a Participating Company in
  the Sub-Plan who is contracted to work at least 25 hours per week for the
  Participating Company (exclusive of meal breaks);

  
	
   

  	
   

  
	
   

  	
  and
  who in either case, is not precluded by paragraph 9 of Schedule 4 from
  participating in the Sub-Plan;

  
	
   

  	
   

  
	
  “Exercise
  Price”

  	
  the
  price per share, as determined by the Committee and set out in the Option
  Agreement, at which a Participant may acquire shares on the exercise of an
  Option, being not less than:

  
	
   

  	
   

  
	
   

  	
  (a)   the
  Market Value of a Share on the Date of Grant and

  
	
   

  	
   

  
	
   

  	
  (b)   if
  higher and the Shares are to be subscribed, the nominal value of a share;

  
	
   

  	
   

  
	
  “ICTA”

  	
  the  Income and Corporation Taxes Act 1988;

  
	
   

  	
   

  
	
  “ITA”

  	
  the
  Income Tax Act 2007;

  
	
   

  	
   

  
	
  “ITEPA”

  	
  the
  Income Tax (Earnings & Pensions) Act 2003;

  
	
   

  	
   

  
	
  “Group
  Member”

  	
  a
  Participating Company or a body corporate (within the meaning of section 1159
  of the Companies Act 2006) or the Company’s holding company or a subsidiary
  of the Company’s holding period or any Jointly Owned Company;

  
	
   

  	
   

  
	
  “Jointly
  Owned Company”

  	
  a
  company owned by the Company jointly with another person (within the meaning
  of paragraph 34(5) of Schedule 4) and any company controlled by such
  jointly owned company, in each case to which HM Revenue & Customs
  has confirmed the Plan and this Sub-Plan may extend;

  
	
   

  	
   

  
	
  “Key
  Feature”

  	
  the
  meaning given to that expression in paragraph 30(4) of Schedule 4;

  
	
   

  	
   

  
	
  “Market
  Value”

  	
  notwithstanding
  section 2(p) of the Plan, in relation to a Share on any day:

  
	
   

  	
   

  
	
   

  	
  (a)  if
  at the relevant time the Shares are listed on the New York Stock Exchange,
  either

  
	
   

  	
   

  
	
   

  	
  (i)    the
  closing middle market quotation of that day or the immediately preceding day
  or,

  
	
   

  	
   

  
	
   

  	
  (ii)   an
  average of their closing middle market quotations over a maximum of five
  consecutive dealing days immediately preceding either of the dates referred
  to in (a) above; or

  
	
   

  	
   

  
	
   

  	
  (b)  if the Shares are not listed on the New York
  Stock Exchange, the Market Value shall be determined in accordance with
  Part VIII of the Taxation of Chargeable Gains Act 1992 and agreed in
  advance with the Shares & Assets Valuation division of HM
  Revenue & Customs;

  
	
   

  	
   

  
	
  “Material
  Interest”

  	
  the
  meaning given to that expression by paragraph 10 of Schedule 4;

  
	
   

  	
   

  
	
  “Member of a Consortium”

  	
  the
  meaning given to that expression by paragraph 36(2) of Schedule 4;

  
	
   

  	
   

  
	
  “New Option”

  	
  an
  option granted by way of exchange under rule 13 of this Sub- Plan;

  

 

2

 

	
  “New Shares”

  	
  the
  shares subject to a New Option referred to in rule 13 of this Sub-Plan;

  
	
   

  	
   

  
	
  “Option”

  	
  a
  subsisting right to acquire Shares granted under the Sub-Plan;

  
	
   

  	
   

  
	
  “Option
  Agreement”

  	
  the
  agreement between the Company and the Participant specifying the terms and
  conditions of the Option;

  
	
   

  	
   

  
	
  “Ordinary
  Share Capital”

  	
  the
  meaning given to that expression by section 989 of ITA;

  
	
   

  	
   

  
	
  “Participant”

  	
  an
  individual who holds an Option or, where the context permits, his legal
  personal representatives;

  
	
   

  	
   

  
	
  “Participating
  Company”

  	
  the
  Company and any of its Subsidiaries;

  
	
   

  	
   

  
	
  “Relevant
  Tax”

  	
  any
  tax, national insurance, social security or other levy arising on or in
  connection with the exercise of an Option for which the person entitled to
  the Option is liable and for which any Group Member is liable, required or
  otherwise obliged, to account to any relevant authority (including, without
  limitation, any secondary Class 1 (employer’s) national insurance
  contributions covered by any agreement or election entered into pursuant to
  rule 9.4 but excluding any such secondary Class 1 (employer’s)
  national insurance contributions which are not covered by such an agreement
  or election);

  
	
   

  	
   

  
	
  “Retirement”

  	
  means
  retirement from the Group Member which employs the Participant, and for the
  purposes of paragraph 35A of Schedule 4 shall mean retirement at a specified
  age which shall be 55.

  
	
   

  	
   

  
	
  “Shares”

  	
  a
  fully paid ordinary share in the capital of the Company;

  
	
   

  	
   

  
	
  “Schedule
  4”

  	
  means
  Schedule 4 of ITEPA; and

  
	
   

  	
   

  
	
  “Subsidiary”

  	
  the
  meaning given by section 1159 of the Companies Act 2006.

  

 

In
this schedule, unless the context otherwise requires:

 

·             words and
expressions not defined above have the same meanings as are given to them in
the Plan;

 

·             the rule headings
are inserted for ease of reference only and do not affect their interpretation;

 

·             a reference
to a rule is a reference to a rule of the Sub-Plan;

 

·             the singular
includes the plural and vice versa and the masculine includes the feminine; and

 

·             a reference
to a statutory provision is a reference to a United Kingdom statutory provision
and includes any statutory modification, amendment or re-enactment thereof.

 

5.             Companies
participating in Sub-Plan

 

The
companies participating in the Sub-Plan shall be the Company and any Subsidiary
that the Company Controls.

 

6.             Shares used in
Sub-Plan

 

The
Shares shall form part of the Ordinary Share Capital of the Company and shall
at all times comply with the requirements of paragraphs 16-20 of Schedule 4.

 

3

 

7.             Grant of Options

 

7.1   An Option granted under the Sub-Plan shall be granted under and
subject to the rules of the Plan, subject to the following amendments.

 

7.2   No Option shall be granted to an Eligible Employee at any time if
it would result in the aggregate Market Value of the Shares which he may
acquire in pursuance of rights obtained under the Sub-Plan and the aggregate
market value (determined at the relevant Date of Grant) of shares which the
Eligible Employee could acquire by the exercise of a subsisting option granted
under any other share option plan approved under Schedule 4 and established by
the Company or by any Associated Company and not exercised, to exceed or
further exceed £30,000 or such other limit contained from time to time in
paragraph 6(1) of Schedule 4.

 

7.3   For the purposes of rule 7.2 above, if the Market Value of
the Share is expressed in a currency other than pounds sterling it shall be
converted into pounds sterling at the appropriate exchange rate for that
currency as published by the Financial Times on the Date of Grant of the
relevant Option.

 

7.4   If the Committee grants an Option under this Sub-Plan which is
inconsistent with rule 7.2 above, the Option granted under this Sub Plan
will be limited and will take effect from the Date of Grant on a basis
consistent with the provisions of rule 7.2.

 

7.5   If the Committee grants an Option under this Sub-Plan that does
not meet the requirements of Schedule 4, the Option will be deemed to not have
been granted.

 

7.6   Shares placed under Option under the Sub Plan shall be taken into
account for the purpose of section 6 of the Plan.

 

7.7   An Option may not be granted under this Sub-Plan earlier than the
Approval Date.

 

7.8   An Option cannot be granted to an individual who is not an
Eligible Employee at the Date of Grant.

 

7.9   Subject to section 15 of the Plan, an Option shall be personal to
the Eligible Employee to whom it is granted and, shall not be capable of being
transferred, charged or otherwise alienated and shall lapse immediately if the
Participant purports to transfer, charge or otherwise alienate the Option.

 

7.10 References in section 15 of the Plan to transfers by will or the
laws of descent, and to the Committee’s power to permit a transfer for the
benefit of a family member, shall be disregarded for the purposes of the
Sub-Plan.

 

8.             Identification of Options

 

8.1           An Option Agreement issued in respect of an
Option shall expressly state that it is issued in respect of an Option governed
by this Sub-Plan. An Option that is not so identified shall not constitute an
Option governed by this Sub-Plan.

 

8.2           An Option Agreement issued in respect of an
Option shall state:

 

8.2.1        the Date of Grant of the Option;

 

8.2.2        the number of Shares over which the Option has been granted
to the Participant;

 

8.2.3        the Exercise Price per Share which for the avoidance of doubt
shall not be less than the Market Value at the Date of Grant;

 

8.2.4        that as a condition of the exercise of an Option the
Participant has an obligation to indemnify Group Members for any Relevant Tax
and whether the participant is required to enter into the agreement or election
referred to in rule 7.2;

 

8.2.5        the first date on which any part of the Option becomes
capable of exercise and any subsequent dates on which the remaining part of the
Option becomes capable of exercise;

 

4

 

8.2.6        any Performance Goals or other condition imposed on the
exercise of the Option; and

 

8.2.7        the date on which the Option will lapse.

 

9.             Exercise of Options

 

9.1           A Participant may only exercise an Option, in whole or in
part, by completing and returning a notice of exercise in accordance with the
method prescribed by the Committee and agreed with the UK HM Revenue &
Customs and paying the Exercise Price for each Share to be acquired under the
Option in cash or by cheque or wire transfer and which sum may be paid out of funds provided to
the Participant on loan by a bank, broker or other person.  Notwithstanding section 19 of the Plan, the
amount may not be paid by the transfer to the Company of Shares or any other
shares or securities.

 

9.2           The Company has established a
cashless exercise facility to enable Participants to provide funds to pay the
aggregate Exercise Price or Relevant Tax by:

 

9.2.1        authorising the deduction of the
necessary amount from the Participant’s salary payment next following the
exercise of the Option; or

 

9.2.2        executing a form of instruction (in such
form as the Committee may from time to time determine) authorising a
representative to act as the Participant’s agent and to sell on his/her behalf
either all of the Shares acquired on exercise of the Option or only such number
of the Shares (rounded up to the nearest whole Share) as will be required to
cover the aggregate Exercise Price, the Relevant Tax due to be reimbursed or
paid to a Group Member pursuant to Rule 10, together with any fees and
commissions arising in connection with the exercise of the Option and sale of
the Shares acquired.  Once the requisite
number of Shares has been sold and these requirements met in full, the
Participant will receive a share certificate in respect of the balance of
Shares remaining (if appropriate) and/or a cheque or bank transfer in respect
of the balance of monies (if any) left after sale of all or the requisite
number of Shares as aforesaid; or

 

9.2.3        implementing any other arrangements from
time to time determined by the Committee and agreed in advance with HM Revenue &
Customs.

 

9.3           An
Option may not be exercised if the Participant then has, or has had within the
preceding twelve months, a Material Interest in a Close Company which is the
Company or any company which has Control of the Company or which is a Member of
a Consortium which owns the Company.

 

9.4           The
Committee may make the exercise of an Option conditional upon the Participant
having entered into an agreement or election pursuant to paragraphs 3A or 3B of
Schedule 1 to the Social Security Contributions and Benefits Act 1992.

 

10.          Tax Liability

 

A Participant shall be responsible for, and shall indemnify all
relevant Group Members against, all Relevant Tax relating to his exercise of
the Option.  Any Group Member may
withhold an amount equal to such Relevant Tax from any amounts due to the
Participant (to the extent such withholding is lawful) and/or make any other
arrangements as it considers appropriate to ensure recovery of such Relevant
Tax including, without limitation, the withholding and sale of sufficient
Shares acquired pursuant to the exercise of the Option, in satisfaction of the
Relevant Tax liability, to realise an amount equal to the Relevant Tax (and the
payment of that amount to the relevant authorities in satisfaction of the
Relevant Tax).

 

11.          Issue or transfer of
Shares on exercise of Options

 

11.1         The
Company shall, as soon as reasonably practicable and in any event not later
than thirty (30) days after the date of exercise of an Option, issue or
transfer to the Participant, or procure the issue or transfer to the
Participant of, the number of Shares specified in the notice of exercise and
shall deliver to the Participant, or procure the delivery to the Participant
of, a share certificate or other document evidencing title to such Shares
together with, in the case of the partial exercise of an Option, an Option
Agreement in respect of, or the original 

 

5

 

Option Agreement endorsed to show, the unexercised part of the Option,
subject only to compliance by the Participant with the rules of the
Sub-Plan and to any delay necessary to complete or obtain:

 

11.1.1      the
listing of the Shares on any stock exchange on which Shares are then listed;
and

 

11.1.2      such
registration or other qualification of the Shares under any applicable law, rule or
regulation as the Company determines is necessary or desirable.

 

11.2         Shares
issued on the exercise of an Option shall rank equally in all respects with
Shares in issue on the date that the Option is exercised.  A Participant shall not rank for any rights
attaching to Shares by reference to a record date preceding the date that the
Option is exercised.  In respect of
Shares transferred on the exercise of an Option, the Participant shall be
entitled to all rights attaching to such Shares by reference to a record date
on or after the date that the Option is exercised but shall not be entitled to
rights before such date.

 

12.          Termination of employment

 

12.1         Except
as provided in this rule 12, or rule 13 of the Sub-Plan, the Option
will expire and will not be exercisable after termination of the Participant’s
employment with the Participating Company.

 

12.1.1      Elimination
of Position which shall be taken to be the same as redundancy within the
meaning of the Employment Rights Act 1996. Except as provided in rule 13
of the Sub-Plan, if the termination of the Participant’s employment results
from the Company’s elimination of the position held by the Participant, then
the Participant will continue to have the right to exercise the Option with
respect to that portion of the number of Shares for which the Option was vested
and exercisable on the date of the Participant’s termination of employment and any
remaining portion of the option shall be forfeited and cancelled.  Except as provided in rule 12.1.4 below,
the right to exercise the vested portion of the Option will continue until the
last day of the one-year period commencing on the date of termination of
employment.

 

12.1.2      Retirement.  Subject to rule 12.1.3 below and except
as provided in rule 13 of the Sub-Plan, if the termination of the
Participant’s employment results from the Participant’s Retirement, then the
Option will continue to vest in accordance with the original vesting schedule
detailed in the Option Agreement as if the Participant had remained actively
employed; provided, that upon the Participant’s death, all vesting will cease
and the Option will be exercisable with respect to that portion of the Shares
for which the Option is vested and exercisable on the date of the Participant’s
death and the remaining portion shall be forfeited and cancelled.

 

The Participant will continue to have the
right to exercise the Option with respect to that portion of the Shares for
which the Option is vested and exercisable from time to time until the last day
of the sixty (60) month period following the Participant’s Retirement.

 

12.1.3      Disability.  Except as provided in rule 13 of the
Sub-Plan, if the termination of the Participant’s employment results from the
Participant’s disability, then the Participant will continue to have the right
to exercise the Option with respect to that portion of the Shares for which the
Option was vested and exercisable on the last date of the Participant’s
employment and the remaining portion shall be forfeited and cancelled. Except
as provided in rule 12.1.4 below, the right to exercise the vested portion
of the Option will continue until the last day of the sixty (60) month period
following the last date of the Participant’s employment.

 

12.1.4                  Death.

 

(i)            Except
as provided in rule 13 of the Sub-Plan, if the termination of the
Participant’s employment results from the Participant’s death, then the
Participant’s personal representatives shall be entitled to exercise the Option
with respect to that portion of the Shares for which the Option was vested and
exercisable on the date of the Participant’s death and the remaining portion
shall be forfeited and cancelled.  The right
to exercise the vested portion of the Option will continue until the last day
of the twelve (12) month period following the Participant’s death.

 

(ii)           If
the Participant dies following termination of employment and prior to the
expiration of any remaining period during which the Option may be exercised in
accordance with rules 12.1.1, 12.1.2, 12.1.3, or rule 13 of the
Sub-Plan, the remaining period during which the Option will be exercisable (by
the Participant’s personal representatives) will be the greater of (a) the
remaining period under the applicable rules 

 

6

 

referred to above, or (b) six (6) months from the date of
death; provided that under no circumstances will the Option be exercisable
later than the tenth anniversary of the Date of Grant.

 

12.2         No
person shall be treated as
ceasing to hold an office or employment with a Group Member until that person
no longer holds an office or employment with any Group Member.

 

13.          Change in Control

 

13.1         If a Change of Control of the Company occurs while the Participant is
employed by a Participating Company, then the portion of the Option which has
not yet been exercised will become immediately vested and exercisable (the
“Unexercised Portion”) immediately prior to and conditional on the change of
control.

 

If the Unexercised Portion
of the Options continue to remain outstanding after the Change of Control and
if Participant’s employment with the Participating Company terminates after the
date on which the Change of Control occurs for any of the reasons set out in rule 12.1
above, then the Participant (or, if applicable, Participant’s personal
representative) will have the right to exercise the Unexercised Portion.  Except as provided in rule 12.1.4 (ii) above,
that right may be exercised until the earlier of the last day of the sixty (60)
month period following the termination of Participant’s employment or the tenth
anniversary of the Date of Grant.

 

13.2         If a company (the “Acquiring Company”) obtains Control of the Company
as a result of making:

 

13.2.1  a general offer to acquire the whole of the
issued ordinary share capital of the Company which is made on a condition such
that if it is satisfied the person making the offer will have Control of the
Company; or

 

13.2.2  a general offer to acquire all the shares in
the Company of the same class as the Shares,

 

a Participant may, at
any time during the period set out in rule 13.3 of the Sub-Plan, by
agreement with the Acquiring Company, release his Option in whole or in part in
consideration of the grant to him of a new option (“New Option”) which is
equivalent to the Option but which relates to shares (“New Shares”) in:

 

13.2.3   the Acquiring Company;

 

13.2.4   a company which has Control of the Acquiring
Company; or

 

13.2.5  a company which either is, or has Control of,
a company which is a Member of a Consortium which owns either the Acquiring
Company or a company having Control of the Acquiring Company.

 

13.3                 The period referred to in rule 13.2
above is the period determined by the Committee not exceeding six months
beginning with the time when the person making the offer has obtained Control
of the Company and any condition subject to which the offer is made has been
satisfied.

 

13.4                 The New Option shall not be regarded for the
purpose of this rule 13 as equivalent to the Option unless:

 

13.4.1 
the New Shares satisfy the conditions in paragraphs 27(4) of
Schedule 4; and

 

13.4.2 
save for any Performance Goal or other condition imposed on the exercise
of the Option, the New Option will be exercisable in the same manner as the
Option and subject to the provisions of the Sub Plan as it had effect
immediately before the release of the Option; and

 

13.4.3 
the total market value, immediately before the release of the Option, of
the Shares which were subject to the Option is equal to the total market value,
immediately after the grant of the New Option, of the New Shares (market value
being determined for this purpose in accordance with Part VIII of the
Taxation of Chargeable Gains Act 1992); and

 

13.4.4 
the total amount payable by the Participant for the acquisition of the
New Shares under the New Option is equal to the total amount that would have
been payable by the Participant for the acquisition of the Shares under the
Option.

 

7

 

13.5         The
date of grant of the New Option shall be deemed to be the same as the Date of
Grant of the Option.

 

13.6         The
Sub-Plan remains that of the Company after the exchange of Options as detailed
in rule 13.2 has taken place.

 

13.7         In
the application of the Sub-Plan to the New Option, where appropriate,
references to the “Company” and “Shares” shall be read as if they were
references to the company to whose shares the New Option relates and the New
Shares, respectively.

 

13.8         References
in section 18 of the Plan to the assumption of Options by the surviving
corporation following a merger shall apply to the Sub-Plan insofar as the
assumption of the options constitutes an exchange of options that satisfies
this rule 13.4.

 

14.          Amendment of Sub-Plan

 

In addition to the requirements of section 16(c) of the Plan, no
amendment to a Key Feature of the Sub-Plan, whether taking the form of an
amendment of the Plan or this schedule, shall take effect until it has been
approved by HM Revenue & Customs.

 

15.           Adjustment of Options

 

15.1         Notwithstanding
section 16(b), 16(c) and 3(a) of the Plan, no adjustment of an Option
shall take effect until it has been approved by HM Revenue & Customs.

 

15.2         No
adjustment of an Option shall be made under this rule 15 or section 18 of
the Plan except to take account of an event which is a “variation of share
capital” within the meaning of the CSOP Code.

 

16.           Exercise of discretion by
Committee

 

In exercising any discretion which it or they may have under the Plan
or Sub-Plan, the Committee shall act fairly and reasonably.

 

17.           Scheme
Organiser

 

For the purposes of the Sub-Plan, “Company” as defined in section 2(k) of
the Plan shall mean Equifax Inc.

 

18.           Performance
Goals

 

18.1         For the purposes of the Sub-Plan the
following shall be added at the end of the definition of ‘Performance Goals’ in
section 2(t) of the Plan: “any goals the Administrator establishes, must
be:

 

(i)            objective and stated in writing at
the Date of Grant; and

 

(ii)           may not be waived or amended unless
an event occurs which causes the Committee to consider that a waiver of or
amendment to the conditions would be a fairer measure of performance, and the
Committee reasonably considers that a waiver of or amendment to the conditions
would not make the conditions more difficult to satisfy.”

 

19.           Other
amendments to the Plan

 

19.1         The
following provisions of the Plan shall be disregarded for the purposes of
construing this Sub-Plan:

 

	
  19.1.1

  	
   

  	
  all provisions of the
  Plan dealing with:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Incentive Stock
  Options;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Stock Appreciation
  Rights;

  

 

8

 

	
   

  	
   

  	
  Performance Shares;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Performance Units;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Restricted Stock;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Restricted
  Stock Units;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Dividend Equivalent
  Units;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Annual Incentive
  Awards;

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Long Term Incentive
  Awards; and

  

 

19.1.2      section 18(c) of the Plan and all
other references to the cancellation of existing Options in substitution of new
options, and the power of the Committee to modify any Options, other than as
envisaged by rule 15 above.

 

20.       Legal Entitlement

 

20.1         For
the purpose this rule 20, “Employee” means an Eligible Employee.

 

20.2         This
rule 20 applies:

 

20.2.1      whether
the Committee has full discretion in the operation of the Plan and Sub-Plan, or
whether the Committee could be regarded as being subject to any obligations in
the operation of the Plan and Sub-Plan;

 

20.2.2      during
an Employee’s employment or employment relationship; and

 

20.2.3      after
the termination of an Employee’s employment or employment relationship, whether
the termination is lawful or
unlawful.

 

20.3         Nothing
in the Plan or Sub-Plan or in any instrument executed pursuant to it forms part
of the contract of employment or employment relationship of an Employee nor
will it confer on any person any right to continue in employment, nor will it
affect the right of any Group Member to terminate the employment of any person
without liability at any time with or without cause, nor will it impose upon the
Committee or any other person any duty or liability whatsoever (whether in
contract, tort or otherwise) in connection with:

 

20.3.1      the
lapsing of any Option pursuant to
the Plan or Sub-Plan;

 

20.3.2      the
failure or refusal to exercise any
discretion under the Plan or Sub-Plan; and/or

 

20.3.3      an
Employee ceasing to hold office or
employment for any reason whatever.

 

20.4         Options
shall not (except as may be required by taxation law) form part of the
emoluments of individuals or count as wages or remuneration for pension or
other purposes.

 

20.5         The
rights and obligations arising from the employment relationship between the
Employee and any Group Member are separate from, and are not affected by, the
Plan or Sub-Plan.  Participation in the
Plan or Sub-Plan does not create any right to, or expectation of, continued
employment or a continued employment relationship.

 

20.6         Any
Employee who ceases to be an officer or employee with any Group Member as a
result of the termination and/or giving of notice of termination of his office
or employment for any reason and however that termination and/or giving of
notice of termination occurs, whether lawfully or otherwise, shall not be
entitled and shall be deemed irrevocably to have waived any entitlement by way
of damages for dismissal or by way of compensation for loss of office or
employment or otherwise to any sum, damages or other benefits to compensate that
Employee for the loss or alteration of any rights, benefits or expectations in
relation to any Option, the Plan, Sub-Plan or any instrument executed pursuant
to it.

 

9

 

20.7         No
Employee is entitled to participate in the Plan or Sub-Plan, or be considered
for participation in it, at a particular level or at all.  The grant of Options on a particular basis in
any year does not create any right to or expectation of the grant of Options on
the same basis, or at all, in any future year.

 

20.8         Without
prejudice to an Employee’s right to exercise an Option (subject to and in accordance
with the express terms of the Option and the rules), no Employee has any rights
in respect of the exercise or omission to exercise any discretion, or the
making or omission to make any decision, relating to an Option.  Any and all discretions, decisions or
omissions relating to an Option may operate to the disadvantage of the
Employee, even if this could be regarded as capricious or unreasonable, or
could be regarded as in breach of any implied term between the Employee and any
Group Member, including any implied duty of trust and confidence.  Any such implied term is excluded and
overridden by this rule.

 

20.9         No
Employee has any right to compensation for any loss in relation to the Plan or
Sub-Plan, including:

 

20.9.1      any
loss or reduction of any rights or expectations under the Plan or Sub-Plan in
any circumstances or for any reason (including lawful or unlawful termination
of employment or the employment relationship);

 

20.9.2      any
exercise of a discretion or a decision taken in relation to an Option or to the
Plan or Sub-Plan, or any failure to exercise a discretion or take a decision;
and

 

20.9.3      the
operation, suspension, termination or amendment of the Plan or Sub-Plan.

 

20.10       Participation
in the Plan and Sub-Plan is permitted only on the basis that the Employee
accepts all the provisions of the rules, including in particular this
rule.  By participating in the Plan and
Sub-Plan, an Employee waives all rights under the Plan and Sub-Plan, other than
the right to exercise an Option (subject to and in accordance with the express
terms of the Option and the rules), in consideration for, and as a condition
of, the grant of an Option under the Plan and Sub-Plan.

 

20.11       Each
of the provisions of this rule is entirely separate and independent from
each of the other provisions.  If any
provision is found to be invalid then it will be deemed never to have been part
of these rules and to the extent that it is possible to do so, this will
not affect the validity or enforceability of any of the remaining provisions.

 

21.       General

 

21.1         The
Sub-Plan shall terminate upon the tenth anniversary of its approval by the
Company or at any earlier time by the passing of a resolution by the Committee
or an ordinary resolution of the Company in general meeting.  Termination of the Plan shall be without
prejudice to the subsisting rights of Employees.

 

21.2         By
participating in the Sub-Plan, an Employee consents to the holding and
processing of personal data provided by the Employee to the Company for all
purposes relating to the operation of the Sub-Plan, including, but not limited
to administering and maintaining Employee records, providing information to
registrars, brokers, savings carrier or other third party administrators of the
Sub-Plan, providing information to future purchasers of the Company or the
business in which the Employee works and transferring information about the
Participant to a country or territory outside the European Economic Area.

 

21.3         No third party will have any
rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any
term of this Sub-Plan (without prejudice to any right of a third party which
exists other than under that Act).

 

21.4         These
rules shall be governed by and construed in accordance with the laws of
England and Wales. Any person referred to in this Sub-Plan submits to the
exclusive jurisdiction of the English courts.

 

THIS DOCUMENT CONSTITUTES PART OF
A PROSPECTUS COVERING SECURITIES

THAT HAVE BEEN OR WILL BE
REGISTERED UNDER THE

SECURITIES ACT OF 1933.

 

10

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