Document:

Second Secondment Extension Contract

 Exhibit 10.50 
 [INTERACTIVE DATA CORPORATION 
 LETTERHEAD] 
 PERSONAL

 Mr. Mark Hepsworth 
 176 Riverside Avenue 
 Riverside, CT 06878 
 December 3, 2008 
 Dear Mark: 
 This contract (the “Secondment Second Extension Contract”)
sets forth the revised terms of your secondment to Interactive Data Corporation (“IDCO”). This contract reflects an extension of your original secondment period as set forth in the agreement between you and Interactive Data
(Europe) Limited (f/k/a FT Interactive Data (Europe) Limited) (the “IDCO-Europe”) dated September 1, 2005, as extended by the Secondment Extension Contract dated October 30, 2007 (the “Original Secondment
Contract”). This Secondment Second Extension Contract amends and supersedes the Original Secondment Contract in its entirety effective as of the Extension Date set forth below. This Secondment Second Extension Contract is subject to the
approval of IDCO’s Compensation Subcommittee and is considered supplementary to your basic contract of employment (“Employment Contract”) (dated 23 May 1995 and amended on 2 April 2003) with IDCO-Europe. At all
times during the period of your secondment, you will remain an employee IDCO-Europe employed under and subject to your existing terms and conditions of employment, save as amended below. Your secondment and this Secondment Second Extension
Contract are not intended to be, and shall not create, a contract of employment between yourself and IDCO or any of its subsidiaries in the United States. 
  

			
	 You will be located at:
	  	Interactive Data Real-Time Services, Inc.
		  	100 Hillside Avenue
		  	White Plains, NY 10603
		  	United States

 At the end of your secondment, you will revert to the terms and conditions of your Employment Contract, save in
relation to your job role, as to which please see further below. 
 The conditions of your secondment to IDCO in the United States are as follows: 

ASSIGNMENT DETAILS 
 Items 1 to 21 are based upon known current tax rates,
currency exchange rate, applicable employee benefits etc. and may be varied by IDCO should substantial changes occur to the same. 
  

			
	 1) Job Title(s)
	  	President, Institutional Business
	 2) Reporting to (job title)
	  	 Stuart J. Clark (or his successor)
 President and Chief Executive Officer

 Interactive Data Corporation

  

 1 

			
	 3) Secondment Second Extension Commencement Date
	  	November ___, 2008
	 4) Secondment Second Extension Term
	  	Two years from September 1, 2008 unless terminated earlier on (i) three month’s written notice by IDCO or (ii) the termination of your employment with IDCO-Europe for any reason
whatsoever.
	 5) Home Unit / Country
	  	Interactive Data (Europe) Limited (f/k/a FT Interactive Data (Europe) Limited)/ United Kingdom
	 6) Host Assignment Unit
	  	Interactive Data Corporation
	 7) Host Country of Assignment
	  	United States
	 8) Status
	  	Married/2 children

 REMUNERATION 
  

			
	 9) Host Base Salary
	  	$350,000
	 10) Annual Bonus
	  	66.67% of base salary upon attainment of Target financial performance, 100% of base salary upon attainment of Maximum financial performance; 140% of base salary upon attainment of Stretch performance,
subject to the terms and conditions of the IDCO Executive Bonus Plan as in effect from time to time; provided, however, that any annual bonus shall be paid no later than March 15th of the calendar year following the year in which the
annual bonus is earned.

 SECONDMENT ALLOWANCES 
  

			
	 11) Accommodation Allowance
	  	You will be provided a housing allowance of $6,000 (grossed up for US Federal and New York State taxes) per month during the Secondment Second Extension Term. Housing allowance payments shall be paid in
regular monthly intervals. Any housing allowance accrued in any calendar year will be paid no later than March 15th of the year following the year in which the related expense was incurred.
	 12) Transportation of Personal Effects
	  	IDCO will pay reasonable costs (up to $15,500) for transporting your personal effects upon repatriation. This will include shipment of household goods. IDCO will pay such amounts directly to the service
provider.

  

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	 13) Travel Allowance
	  	IDCO will pay for one business class flight for you and each of your immediate family members on repatriation.
	 14) Temporary Living Assistance
	  	Should you and your family require temporary accommodations prior to leaving the host country or upon returning to your home country this will be reimbursed at up to a maximum of $1,500 (grossed up for US
Federal and New York State taxes) for housing in the United States prior to departure and £800 (grossed up for UK tax) for housing in the United Kingdom after departure. Any temporary housing reimbursement obligation accrued in any calendar
year will be paid no later than March 15th of the year following the year in which the related expense was incurred.
	 15) Home Leave
	  	IDCO will pay the costs of economy class airfare for two home visits each year for you and your immediate family members (the cost of the same will be grossed up for US Federal and New York State taxes).

	 16) Emergency Leave
	  	IDCO will pay the cost of economy class airfare to return you and/or your immediate family members to the UK in the event of a family emergency. Approval from the Vice President, Human Resources is
required prior to departure from the assignment location (the cost of the same will be grossed up for US Federal and New York State taxes).
	 17) Car Allowance
	  	IDCO will provide you with a car allowance of $7,200 per year (grossed up for US Federal and New York State taxes). Car allowance payments shall be paid in equal instalments at regular intervals
corresponding to IDCO’s payroll schedule in effect from time to time (currently bi-monthly). Any car allowance obligation accrued in any calendar year will be paid no later than March 15th of the year following the year in which the related
expense was incurred.
	 18) School Fees
	  	IDCO will pay up to $25,000 (grossed up for US Federal and New York State taxes) per year per child for private school fees. Tuition payments will be paid directly to the applicable
school.
	 19) Tax Assistance
	  	IDCO will provide, through its approved vendor, tax planning and preparation assistance for the tax years (US and UK) covered during your assignment extension. IDCO will pay such amounts directly to the
service provider. Any such amounts the Company pays which constitute income will be grossed up for US Federal and New York State taxes.

  

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 OTHER 
  

			
	 20) Pearson Group Pension Plan
	  	You may remain a member of the Pearson Group Pension Plan so long as IDCO permits its UK employees to participate in such Plan on terms consistent with those offered to other IDCO U.K. employees from
time to time. For pension fund purposes your notional salary will be £185,500.
	 21) National Insurance Contributions
	  	You may be required to continue payment of your national insurance contributions in the UK while you are on secondment.

 Appendix A of your Employment Contract is amended mutatis mutandis such that the obligations and rights set
forth on Appendix A in the sections entitled, “Data Protection”, “Outside Interests”, “Copyright”, and “Restrictive Covenants” apply not only to IDCO-Europe but to Interactive Data Corporation, and each
of its subsidiaries. 
 During the Secondment Second Extension Term you agree that IDCO and IDCO-Europe are authorized to deduct from your salary any deductions that
any competent taxation authority requires to be deducted and that you will indemnify and keep indemnified IDCO and its subsidiaries from and against any outstanding liability to any competent taxation authority in respect of any sums found due in
respect of the payment of salary to you. 
 Upon the successful completion of this Secondment Second Extension
Contract, you will be offered the opportunity to return to a position within IDCO-Europe. The cost of returning you and your family to your Home Unit, including the cost of direct route business class airfare and the shipment of household and
personal effects will be borne by IDCO-Europe as set forth above. If a position comparable to your current position (and at a salary of no less than £185,500 but excepting those elements related to expatriate status, e.g., housing allowance,
private school fees or, if greater, your then base salary at the IDCO budget exchange rate in effect at that time) is not available and your employment is terminated by reason of redundancy you will be entitled to severance in accordance with
IDCO’s U.K. Severance Policy provided, however, that any severance payments made to you pursuant to the UK Severance Policy shall be made in a lump sum no later than March 15th of the year following the year in which your
employment is terminated and otherwise in a manner so as to be exempt from the requirements of Section 409A of the Code (as defined below) under the short term deferral exception. 
 If your employment is terminated by IDCO-Europe during the Secondment Second Extension Term for any reason other than one justifying summary dismissal without notice under your employment terms or common law, IDCO will pay the
repatriation costs specified above. If you resign during the Secondment Second Extension Term to accept an offer of employment by another company, IDCO shall have no obligation to pay any repatriation any costs. 
 If any provision of this Secondment Second Extension Contract would, in the reasonable, good faith judgment of the IDCO General Counsel, contravene any regulations or U.S.
Treasury guidance promulgated under Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) or could cause payment to be subject to the interest and penalties under Section 409A of the Code,
such provision of this contract shall be modified to maintain, to the maximum extent practicable, the original intent of the applicable provision without violating the provisions of Section 409A of the Code. 
  

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 Anything in this Secondment Second Extension Contract to the contrary notwithstanding, no reimbursement or other amount payable to
you pursuant to any provisions of this Secondment Second Extension Contract or to any plan or arrangement of Pearson, IDCO or any of its subsidiaries, covered by this Secondment Second Extension Contract shall be paid later than the last day of the
calendar year following the calendar year in which the related expense was incurred, except to the extent that the right to reimbursement does not provide for a “deferral of compensation” within the meaning of Section 409A of the
Code. No amount reimbursed during any calendar year shall affect the amounts eligible for reimbursement in any other calendar year. 
 This Secondment Second Extension
Contract and the relationships of the parties in connection with the subject matter of this contract shall be governed by, and construed in accordance with, the laws of England and Wales. 
 To indicate that you understand and accept the contents of this Secondment Second Extension Contract, please sign, date and return to me the duplicate of this contract. If you
have any questions regarding the secondment policy or process, please contact me or Peter Castrichini at 781 687 8020. 
 Signed for and on behalf of 
  

					
	 Interactive Data Corporation
	 		 	Signed for Acceptance
			
		 		 	
	 Peg Murphy
	 		 	Mark Hepsworth
			
	 Date
                                         
       
	 		 	Date
                                         
       

  

 5Copy of First Amend. of the Stepan Company Directors' Deferred Compensation Plan

 Exhibit 10(a)(3) 
 FIRST AMENDMENT 
 OF THE 
 STEPAN COMPANY DIRECTORS DEFERRED COMPENSATION PLAN 
 (Amended and Restated as
of January 1, 2005) 
 WHEREAS, Stepan Company (the “Company”) has established and maintains the Stepan Company
Directors Deferred Compensation Plan, as amended and restated as of January 1, 2005 (the “Plan”); and 
 WHEREAS, the
Company now desires to amend the Plan to comply with Section 409A of the Internal Revenue Code; 
 NOW, THEREFORE, BE IT RESOLVED,
that effective January 1, 2005, the Plan is amended as follows: 
 1.    Section 6(c) of the Plan is hereby
amended by adding at the end of the second sentence thereof the following: 
 “or for such other reasons as the Board determines
necessary or desirable for the administration of the Plan.” 
 2.    Section 8(b) of the Plan is hereby amended
by adding the following new sentence at the end thereof: 
 “The amount of each such installment payment shall be calculated by dividing
the balance credited to the Participant’s Deferred Compensation Accounts to which the election applies at the time of each such payment by the number of remaining installments (including the current installment). For purposes of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), each such installment payment shall be a separate payment and not one of a series of payments treated as a single payment.” 
 3.    Section 8(g) of the Plan is hereby amended in its entirety so that as amended, Section 8(g) shall read as follows:

  

	 	“g.	 Delay for Specified Employees. Notwithstanding anything in the Plan to the contrary, no payment that is paid by reason of a director’s separation of service
from the Company shall be made to any director who is a “Specified Employee” as of the date of such director’s separation from service until the earlier of (i) the first day of the seventh month after the date of the
director’s separation from service, or (ii) the date of the director’s death. Any payment that would otherwise have been made during this period shall instead be aggregated and paid to the director (or, in the case of the
director’s death, his or her surviving spouse, if there be one, or if not, to the director’s estate) in the form of a single lump sum upon the earlier of the dates specified in the preceding sentence. “Specified Employee” for
purposes of the Plan means, during the 12-month period beginning on April 1st of 2005 or of any subsequent 

	 	 
calendar year, a director who met the requirements of Section 416(i)(1)(A)(i), (ii) or (iii) of the Code (applied in accordance with the
regulations promulgated thereunder and without regard to Code Section 416(i)(5)) for being a “key employee” at any time during the 12-month period ending on the December 31st immediately preceding such April 1st.
Notwithstanding the foregoing, a director who otherwise would be a Specified Employee under the preceding sentence shall not be a Specified Employee for purposes of the Plan unless, as of the date of the director’s separation from service,
stock of the Company (or any other entity treated as a single employer with the Company under Code Section 414(b) or (c)) is publicly traded on an established securities market or otherwise.” 

 4.    Section 8(h) of the Plan is hereby amended in its entirety so that as amended, Section 8(h) shall read as follows:

  

	 	“h.	Permitted Delays in Payment. Payments to a director under the Plan will be delayed under any of the circumstances specified in Subsections (i) through (ii) below or as
provided in Section 16. 

  

	 	i.	Payments that would violate Applicable Law.    Payment of a director’s Deferred Compensation Account will be delayed where the Board reasonably anticipates
that the making of the payment would violate Federal securities laws or other applicable law; provided that such payment will be made at the earliest date at which the Directors reasonably anticipates that the making of the payment would not cause
such violation. For purposes of this subsection (i), the making of a payment that would cause inclusion in the director’s gross income or the application of any penalty or other provision of the Code is not treated as a violation of applicable
law. 

  

	 	ii.	Other Payments.    The Board shall be permitted to delay a payment of a director’s Deferred Compensation Account upon such other events and conditions as
may be prescribed under Code Section 409A and any regulations or other generally applicable official guidance issued thereunder.” 

 5.    Section 8(j) of the Plan is hereby amended by deleting the last sentence thereof and inserting in lieu thereof the following: 
 “Any amount credited to a director’s Deferred Compensation Account after the last to die of the director or his spouse shall be continued to be
paid on the same basis as provided above to such person’s estate.” 
 6.    Section 9(d) of the Plan is
hereby amended in its entirety so that as amended, Section 9(d) shall read as follows: 
  

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	 	“d.	Notwithstanding Section 8 of the Plan, the Stock Award shall be payable to the non-employee director on his or her separation from service from the Company, in a single lump
sum payment, and shall be made only in shares of Stepan Company Common Stock. In the event of the non-employee director’s death before all such amounts have been so paid or in the event of the non-employee director’s death occurs before
the director has incurred a separation from service, the unpaid balance of the Common Stock Account attributable to Stock Awards shall be paid on the non-employee director’s death to the non-employee director’s surviving spouse, if there
be one, or if not, to the director’s estate in a single lump sum payment made in shares of Stepan Company Common Stock.” 

 7.    Section 11 of the Plan is hereby amended in its entirety so that as amended, Section 11 shall read as follows: 
  

	 	“11.	Separation of Service.    “Separated from Service” and variations thereof for purposes of the Plan means a “separation from service”
within the meaning of Code Section 409A and the regulations promulgated thereunder, including a separation by reason of the director’s retirement or termination of service with the Company for any other reason, but excluding a termination
of service due to death.” 

 8.    The Plan is hereby amended to add to the Plan after Section 14
three new sections as follows: 
  

	 	“15.	Section 409A of the Code.    It is intended that the Plan (including any amendments thereto) comply with the provisions of Section 409A of the
Code so as to prevent the inclusion in gross income of any amounts accrued hereunder in a taxable year that is prior to the taxable year or years in which such amounts would otherwise be actually distributed or made available to non-employee
directors. The Plan shall be interpreted, construed and administered in a manner that will comply with Section 409A of the Code, including final regulations or any other guidance issued by the Secretary of the Treasury and the Internal Revenue
Service with respect thereto. Notwithstanding any other provision of the Plan, the Company does not guarantee any particular tax result for any director or beneficiary with respect to participation in or payments under the Plan, and each director or
beneficiary shall be responsible for any taxes imposed on the director or beneficiary with respect to such participation or payments under the Plan.” 

  

	 	“16.	 Timing of Payments.    Notwithstanding any provision of the Plan to the contrary, a distribution to be made as of a specified date or
within a specified period under Section 8 or 9 shall be made on the date or within the period specified or as soon as administratively practicable thereafter, but in no event later than the last day of the same calendar year in which such date
or period occurs. In addition, if calculation of the amount of a 

  

 - 3 - 

	 	 
payment is not administratively practicable due to events beyond the control of the non-employee director or his or her beneficiary or if making of a payment
would jeopardize the ability of the Company to continue as a going concern, a payment will be treated as made on the specified date or in the specified period for purposes of the Plan if the payment is made during the first calendar year in which
the calculation of the amount of the payment is administratively practicable or in which the making of the payment would not have such effect on the Company, as the case may be.” 

  

	 	“17.	Amendment and Termination.    The Board of Directors of the Company may from time to time amend the Plan in such respects as it deems advisable and may
terminate the Plan at any time; provided, however, that no such amendment or termination shall adversely affect any right or obligation with respect to any amount accrued to a Participant’s Deferred Compensation Accounts under the Plan without
the consent of the Participant or beneficiary, except that the consent requirement of Participants or beneficiaries shall not apply to any amendment or termination that is deemed necessary by the Company to ensure compliance with Section 409A
of the Code. Notwithstanding the preceding sentence, the Board of Directors of the Company, in its sole discretion, may terminate this Plan to the extent and in the circumstances described in Treas. Reg. § 1.409A-3(j)(4)(ix), or any successor
provision.” 

  

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 IN WITNESS WHEREOF, the duly authorized officer of the Company has executed this First Amendment of the Plan on behalf of
the Company and has caused its corporate seal to be affixed this              day of
                                , 2008. 
  

									
		 		 	STEPAN COMPANY
					
		 		 		 	By	 	 
					
		 		 		 	Its	 	 
			
	ATTEST:	 		 	
					
	By	 	 	 		 		 	
					
	Its	 	 	 		 		 	

 The undersigned, being all of the participating directors with Deferred Compensation Account balances under the
Plan, hereby consent and agree to the foregoing First Amendment of the Plan as of this              day of
                                , 2008. 
  

									
				
		 		 		 	 
				
		 		 		 	 
				
		 		 		 	 

  

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