Document:

EX-10.78

 Exhibit 10.78 

Without prejudice & subject to contract 

DATED              2016 

MARKIT GROUP LIMITED (1) 

and 
 JEFF GOOCH (2)

  
  

SETTLEMENT AGREEMENT 
  

 

 Without prejudice & subject to contract 

 

 TABLE OF CONTENTS 

 

							
	 1.
	 	 Termination of employment and directorships
	  	 	3	  
			
	 2.
	 	 The Company’s obligations
	  	 	4	  
			
	 3.
	 	 Your immediate obligations
	  	 	6	  
			
	 4.
	 	 Ongoing obligations
	  	 	8	  
			
	 5.
	 	 Warranties
	  	 	10	  
			
	 6.
	 	 Tax
	  	 	11	  
			
	 7.
	 	 Conditions regulating settlement agreements
	  	 	11	  
			
	 8.
	 	 Miscellaneous
	  	 	11	  
		
	 Schedule 1
	  	 	14	  
		
	 Schedule 2
	  	 	15	  
		
	 Schedule 3
	  	 	19	  
		
	 Schedule 4
	  	 	20	  

  
 2 

 Without prejudice & subject to contract 

 

 SETTLEMENT AGREEMENT 

DATED              2016 

PARTIES 
  

	(1)	Markit Group Limited, a company registered in England with registered number 04185146, whose registered office is at 4th Floor, Ropemaker Place, 25 Ropemaker
Street, London EC2Y 9LY (‘the Company’); and 

  

	(2)	Jeff Gooch (‘you’). 

 RECITALS 

 

	(A)	You are employed by the Company under the terms of a contract of employment dated 1 July 2014 (‘the Contract of Employment’). 

 

	(B)	Your period of continuous employment with the Company began on 4 June 2007. 

  

	(C)	Following an agreement between Markit Ltd. (‘Markit’) and IHS, Inc. (‘IHS’), by which Markit and IHS combine in an all-share merger of equals to create a
combined entity (‘IHS Markit’), following a period of integration, your role as Chief Financial Officer for Markit will no longer be required and your employment will therefore terminate by reason of redundancy. This Agreement records the
terms on which it is agreed that your employment will terminate. 

 AGREEMENT 

 

	1.	Termination of employment and directorships 

  

	1.1	Your employment with the Company will terminate on 13 September 2016 or such earlier date as the Company may direct (‘the Termination Date’) by reason of redundancy. You shall continue to work as
normal, and shall comply with all your ongoing duties as an employee and this shall include working with (and complying with the directions of) the Company, IHS and IHS Markit to ensure a smooth and orderly handover and transition of your work,
including in respect of DTCC, and your directorships, and to assist with aspects of the integration of the business of IHS Markit and to manage the completion of any other work or projects that you are asked to assist with during the transitional
period between the completion of the merger forming IHS Markit and the Termination Date (the ‘Retention Period’), up to and including the Termination Date and you will continue to receive your normal salary and benefits up to
the Termination Date. However nothing affects the Company’s rights under the Contract of Employment, including the right of the Company to place you on garden leave at any time and for any period prior to the Termination Date (provided you
continue to be paid in accordance with this Agreement). 

  

	1.2	With effect from such date as the Company directs and not later than the Termination Date, you shall, in accordance with clause 3.5.2.2 below, resign (without compensation) from all directorships and other offices and
positions that you hold in connection with your employment. 

  
 3 

 Without prejudice & subject to contract 

 

	1.3	On the Termination Date you shall cease to be entitled to receive any further salary, benefits or other sums (except as set out below). You warrant and represent that (except as set out below): 

 

	 	1.3.1	you have received all salary, benefits and other amounts owing to you up to and including the Termination Date; and 

  

	 	1.3.2	save for the entitlements referred to at clause 2.9 below you do not have, and will not have following the Termination Date, any entitlement under or in connection with any share, share option or similar incentive or
reward scheme and that neither the Company nor any Group Company (nor any trustees of any scheme established by the Company or any other Group Company) is or shall be liable to make any payment or provide you with shares or any other benefit under
or in connection with any such scheme. 

  

	1.4	You agree that within seven days following the Termination Date you will enter into (and your entitlements under this agreement will be conditional upon) a further release of claims in the form of an agreement
substantially in the terms of this Agreement in order to re-affirm the terms of and your obligations and representations made under this Agreement (the ‘Second Settlement Agreement’) and will
provide a certificate from the Adviser in a form acceptable to the Company, in respect of the Second Settlement Agreement. 

  

	2.	The Company’s obligations 

 Provided you comply in full with sub-clause 3.5 below and subject to your continued compliance with the terms of this Agreement and the Second Settlement Agreement, the Company shall comply with the following provisions. 

Payments 
  

	2.1	The Company shall pay you, through the normal September payroll, (less UK income tax and National Insurance contributions): 

  

	 	2.1.1	your accrued salary for September (up to and including the Termination Date) provided you continue to work as required by clause 1.1; and 

 

	 	2.1.2	a sum in lieu of any accrued untaken holiday; 

  

	 	2.1.3	the sum of £55,384.61 in lieu of your entitlement to nine weeks’ notice (‘the Payment in Lieu’); and 

  

	 	2.1.4	the sum of £100 as consideration for the obligations set out in clause 4 below. 

  

	2.2	The Company shall pay you, in accordance with its normal procedures, any outstanding expenses reasonably incurred by you in the proper and usual performance of your duties up to and including the Termination Date and
claimed by you in accordance with those procedures on or before the Termination Date. 

  

	2.3	The Company shall pay to you the total sum of £600,000 which shall be paid in nine equal monthly instalments of £66,667 (less UK income tax and National Insurance contributions), in accordance with and
calculated under clause 9.1.1 of the Contract of Employment (‘the Basic Severance’). The first such monthly instalment of the Basic Severance shall be paid on or before the first working day no less than 28 days after your
compliance with clause 3.5 of this Agreement and each subsequent instalment shall be paid monthly thereafter. Each instalment shall be subject always to your continued compliance with the terms of this Agreement. 

  
 4 

 Without prejudice & subject to contract 

 

	2.4	The Company shall pay to you the total sum of £800,000, which shall be paid in twelve equal monthly instalments of £66,667 (less UK income tax and National Insurance contributions), in accordance with and
calculated under clause 9.1.2 of the Contract of Employment (‘the Change In Control Severance’). The first such monthly instalment of the Change in Control Severance shall be paid on or before the first working day no less than 28
days after your compliance with clause 3.5 of this Agreement and each subsequent instalment shall be paid monthly thereafter. Each instalment shall be subject always to your continued compliance with the terms of this Agreement. 

 

	2.5	The Company shall pay you, within thirty days after the Termination Date (by bank credit transfer), the sum of £564,784 in connection with the termination of your employment (‘the Termination
Payment’) (less UK income tax only on the excess over £30,000). For the avoidance of doubt, the Termination Payment includes your entitlement to any statutory redundancy payment. 

Benefits 
  

	2.6	Subject to your ongoing compliance with clause 4, the Company shall (subject to the following provisions), upon written request to the Company’s HR Department, provide your prospective employers with a written
reference substantively in the terms set out in Schedule 3, and deal with any oral enquiries to the HR Department in the spirit of that agreed reference. (For the avoidance of doubt, any written reference may be tailored to constitute an appropriate
response to the terms in which the request is expressed, always provided it remains consistent with the terms and spirit of the agreed reference.) The Company may amend the reference (and deal with any oral enquiries relating to that agreed
reference) as may be necessary (a) to reflect the discovery of material facts not known to the HR Department at the date of this Agreement; and/or (b) if the reference is being requested in connection with a regulated role, to ensure the
Company complies with the duties imposed upon it by the relevant regulatory body and any applicable statute, regulation and regulatory guidance (including but not limited to the Financial Conduct Authority and Prudential Regulatory Authority and the
Financial Services and Markets Act 2000). 

  

	2.7	The Company shall contribute up to £500 inclusive of VAT and disbursements towards your legal fees for advice given to you in connection with the termination of your employment (including the terms and effect of
this Agreement). Such payment shall be made direct to your adviser (as identified in sub-clause 7.1 below) (‘the Adviser’) within thirty days of the Company receiving an invoice addressed to
you and marked as payable by the Company. 

  

	2.8	The outstanding equity awards that you hold as of the Termination Date (as detailed below) will vest in full as of the Termination Date and any stock options will remain exercisable for a period of 12 months from the
Termination Date, subject to the terms and conditions of the Markit Limited Key Employee Incentive Program (the ‘KEIP’) or the Markit 2014 Equity Incentive Award Plan, as amended (the ‘2014 Equity Plan’), and the
applicable award agreements. As of the Termination Date you hold the following equity awards: 

  

	 	2.8.1	1,000,000 stock options (your ‘Options’) under the KElP; 

  

	 	2.8.2	75,345 shares of restricted stock granted under the 2014 Equity Plan 

  

	2.9	If you decide to exercise your Options you must exercise through your Fidelity Account, subject to all applicable trading restrictions. 

  
 5 

 Without prejudice & subject to contract 

 

	3.	Your immediate obligations 

  

	3.1	You accept the terms of this Agreement in full and final settlement of any and all costs, claims, expenses or rights of action which you (or any person on your behalf) may have against the Company or any other Group
Company, and/or against any employee, director, officer, member, partner, consultant, or agent (in each case past, present or future) of the Company or any other Group Company and/or against any other person, whatsoever and howsoever arising out of
or in connection with your employment, its termination or otherwise (whether in the United Kingdom or any other country in the world, whether arising under common law, by statute, under contract or otherwise, whether known or not known, whether
past, existing or future, and whether arising as a result of future changes in the law with retrospective effect or otherwise): 

  

	 	3.1.1	including but not limited to the particular proceedings set out in Part A of Schedule 2; 

  

	 	3.1.2	but excluding: 

  

	 	3.1.2.1	any claim to enforce the terms of this Agreement; 

  

	 	3.1.2.2	any claim for accrued pension rights; or 

  

	 	3.1.2.3	any personal injury claim (save personal injury claims pursuant to discrimination legislation and personal injury claims in relation to injuries of which you are aware at the date of this Agreement). 

 

	3.2	You warrant and represent (as a strict condition of this Agreement) that: 

  

	 	3.2.1	as at the date of this Agreement you are not aware of: 

  

	 	3.2.1.1	any circumstances or injuries which may give rise to a personal injury claim against the Company or any other Group Company; 

  

	 	3.2.1.2	any circumstances which may give rise to a dispute regarding your pension rights; 

  

	 	3.2.2	as at the date of this Agreement you do not believe that you have or may have any of the claims identified in Part B of Schedule 2 or any other claims (other than those identified in Part A of Schedule 2, which you have
agreed to settle); 

  

	 	3.2.3	you have informed the Adviser of all complaints arising out of or in connection with your employment or its termination and on that basis the Adviser has advised that you do not have any of the claims identified in Part
B of Schedule 2 or any other claims (other than those identified in Part A of Schedule 2, which you have agreed to settle); 

  

	 	3.2.4	the conditions regulating settlement agreements / contracts (as referred to in clause 7.2 below) are satisfied, including but not limited to the condition requiring you to have, before entering into this Agreement,
received advice about its terms and effect from an independent adviser (who at all relevant times is and has been covered by a contract of insurance or professional indemnity covering the risk of a claim by you); and 

 

	 	3.2.5	neither you nor any person on your behalf has commenced proceedings in a tribunal or court or other forum in respect of any of the matters described or referred to in sub-clause
3.1 including but not limited to those set out in Parts A and B of Schedule 2. 

  
 6 

 Without prejudice & subject to contract 

 

	3.3	If you, or any person on your behalf, commence or continue proceedings in a tribunal or court or other forum in respect of any of the matters described or referred to in sub-clause 3.1 including but not limited to those
set out in Parts A and B of Schedule 2 (but excluding those referred to in sub-clause 3.1.2), or if you fail to comply with any other term of or referred to in this Agreement, or if the Company discovers that
any warranty made by you in this Agreement is untrue, then, without prejudice to any other remedy the Company or any other Group Company may have: 

  

	 	3.3.1	you shall cease immediately to be entitled to receive, or the Company shall be entitled to immediate repayment of, (as appropriate) the Payment in Lieu, the Basic Severance, the Change in Control Severance and the
Termination Payment; 

  

	 	3.3.2	any of your Options that remain outstanding and exercisable at such time shall be forfeited for no consideration; 

  

	 	3.3.3	you shall indemnify on demand and keep indemnified each and every Group Company against any and all losses suffered and sums incurred (including but not limited to compensation payments and legal and other expenses) in
connection therewith; and 

  

	 	3.3.4	you shall not object to any application by the Company or any other Group Company or any other person for such proceedings to be struck out. 

 

	3.4	You acknowledge that the terms of clause 3.3 above are fair and reasonable in all the circumstances. You also acknowledge that, whilst the Payment in Lieu, the Basic Severance, the Termination Payment and the Change in
Control Severance represent valuable consideration, they do not in any way represent an estimate of the losses the Company or any other Group Company may suffer, or a limit on the damages the Company or any other Group Company may seek to recover or
a representation that damages would be an adequate remedy, in the event of breach of any of the terms of this Agreement. 

  

	3.5	You shall: 

  

	 	3.5.1	on or before 26 July 2016 deliver to Sarah Bateman at the Company’s premises at 4th Floor, Ropemaker Place, 25 Ropemaker Street, London EC2Y 9LY this
Agreement duly signed by you, together with a signed and dated letter from the Adviser in the form set out in Schedule 1; and 

  

	 	3.5.2	on or within 7 days of the Termination Date deliver to Sarah Bateman at the same address: 

  

	 	3.5.2.1	all property (in whatever form and on whatever media) of or relating to the businesses of the Group which is in your possession or under your control (including but not limited to your credit card, your mobile
telephone, lap top, personal computer and all documents and accessories relating to them and information and software stored on them and all other business equipment, security passes, keys, price lists, client lists, correspondence and material
containing or referring to the Group’s confidential information) and you shall not retain any copies, drafts, notes, extracts or summaries of them; and 

  
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 Without prejudice & subject to contract 

 

	 	3.5.2.2	signed and dated letters of resignation, in the form set out in Schedule 4, from all directorships and other offices which you hold in connection with your employment (including but not limited to your directorships of
Markit Valuations Limited, MarkitSERV Holdings Limited, MarkitSERV FX Limited, TradeSTP Limited, MarkitSERV, LLC, MarkitSERV Limited, Markit Analytics (UK) Limited, Markit Economics Limited, Markit EDM Hub Limited, Markit EDM Limited, Markit
Equities Limited, Markit Group (UK) Limited, Markit Group Limited, Markit Indices Limited, Markit Securities Finance Analytics Consulting Limited, Markit Securities Finance Analytics Limited, BOAT Limited, Securities Finance Systems Limited,
Securities Lending Services Group Limited, Markit Luxembourg Sàrl, Thinkfolio Limited, ThinkFolio Pty Limited, Markit India Services Private Limited, Markit Genpact KYC Services Limited, Markit NV Markit Group Holdings Limited, Markit
Valuation Services Limited, Information Mosaic (UK) Limited, Information Mosaic Software Private Limited, Information Mosaic Limited, Information Mosaic Asia SND.BHD. Option Computers Limited, RCP Trade Solutions Limited, CoreOne Technologies
(Belgium) BVBA, CoreOne Technologies-DeltaOne Solutions Limited, CoreOne Technologies India Private Limited, Markit Operations Designated Activity Company); and 

  

	 	3.5.2.3	a copy of the Second Settlement Agreement signed by you and the letter from the Adviser signed and in substantially the same form as that at Schedule 1, but in respect of the Second Settlement Agreement.

 If requested, you shall provide the Company with written confirmation and reasonable evidence that you have complied in full
with sub-clause 3.5.2.1 above. Furthermore, you authorise the Company to inspect (on an agreed date, and at an agreed time), any and all computer and other electronic equipment belonging to you to ensure that
you have complied in full with such sub-clause. 
  

	3.6	You hereby immediately and unconditionally withdraw (and you will not initiate or pursue) any and all grievances or other complaints against the Company, any Group Company or any other person arising out of or in
connection with your employment or its termination or otherwise complaining of any other matter involving the Company, any other Group Company or any employee, director, officer or agent (in each case past, present or future) of the Company or any
other Group Company. You also immediately and unconditionally withdraw (if applicable) and agree not to pursue any and all requests under the Data Protection Act 1998 that you have submitted (or that have been made on your behalf) to any Group
Company. 

  

	4.	Ongoing obligations 

 Protection of business interests 

 

	4.1	You confirm that the Company (and every Group Company) has committed no breach of your contract of employment and therefore you are bound by the terms of your Contract of Employment including those terms expressed to
continue to comply following the termination of your employment, including the terms set out in clauses 10, 12, 13, 14 and 18 of the Contract of Employment, as well as by your common law duty of confidentiality and any and all other obligations upon
you. You also acknowledge and agree that the restrictions after the termination of employment as set out in clause 10 of the Contract of Employment are fair and reasonable and remain fully enforceable, you agree that IHS, Markit, IHS Markit and each
Group Company as defined in this Agreement constitute Group Companies as referred to in the Contract of Employment and you agree to comply with those restrictions following and notwithstanding the termination of your employment. 

  
 8 

 Without prejudice & subject to contract 

 

 Legal matters 

 

	4.2	You shall provide reasonable assistance to the Group and its legal advisers with regard to any past, present or future legal or regulatory matters which relate to or arise out of business matters in which you were
involved during your employment by the Group, and/or in respect of which you have knowledge, including but not limited to: 

  

	 	4.2.1	responding fully and promptly to all requests made by the Group and/or its legal advisers at any time for information, documentation, witness evidence (oral and/or written) and/or other evidence required in connection
with the defence or pursuit of legal or regulatory action brought by or against any third party; 

  

	 	4.2.2	attending meetings and/or hearings in connection with the defence or pursuit of legal action brought by or against any third party where such attendance is requested by the Group and/or its legal advisers; and

  

	 	4.2.3	informing the board of directors of the Company or any Group Company voluntarily, completely and candidly of all facts that constitute, or might constitute, material breaches (by any person) of any of the Group’s
ethical standards or legal obligations as soon as reasonably practicable after such facts come to your attention. 

 The
Company will meet any reasonable out-of-pocket expenses that you necessarily and wholly incur in complying with this sub-clause,
provided they are approved in writing in advance by the Company. 
 Comments and statements 

 

	4.3	Following the Termination Date, you shall not (directly or indirectly) falsely represent yourself as being in any way connected with the businesses of the Company or the Group. 

 

	4.4	You shall not (directly or indirectly) disclose to any person (including but not limited to employees of the Group) the existence or terms of this Agreement or the Second Settlement Agreement (including but not limited
to the payments the Company has agreed to make but excluding the obligation/s on you contained or referred to in this clause 4) or the circumstances of the termination of your employment and directorships (except in the terms of the agreed reference
set out in Schedule 3), save that you may make truthful disclosures of such information: 

  

	 	4.4.1	to your immediate family and your legal and financial advisers provided in each case you make the recipient of the information aware of its confidential nature and use your best endeavours to ensure that such recipient
does not disclose it to any other person; and 

  

	 	4.4.2	to the extent required by a Court or tribunal of competent jurisdiction or regulatory body having the power to compel disclosure (including but not limited to HM Revenue & Customs, any government department (or
any agency thereof), any recognised investment exchange and the Financial Services Authority). 

  

	4.5	You shall not (directly or indirectly) make or publish: 

  

	 	4.5.1	any disparaging or untrue comments or statements (written or oral) about the Company or any other Group Company or any of its or their employees, directors, officers, members, partners, consultants, agents, shareholders
or clients (in each case past, present or future); nor 

  
 9 

 Without prejudice & subject to contract 

 

	 	4.5.2	any comments or statements likely to bring the Company or any other Group Company or any of its or their employees, directors, officers, members, partners, consultants, agents, shareholders or clients (in each case
past, present or future) into disrepute or likely to damage its or their reputation. 

  

	4.6	The Company shall not authorise the publication of: 

  

	 	4.6.1	any disparaging or untrue comments or statements (written or oral) about you; nor 

  

	 	4.6.2	any comments or statements likely to bring you into professional disrepute or likely to damage your professional reputation. 

  

	4.7	You shall not (directly or indirectly) disclose to, or discuss with, any reporter, author, producer or similar representative of the media: 

 

	 	4.7.1	any information about the Company or any other Group Company or any of its or their employees, directors, officers, members, partners, consultants, agents, shareholders or clients (in each case past, present or future);
or 

  

	 	4.7.2	any aspect of your tenure as an employee or director of the Company or any other Group Company; 

or take any other action which is intended to or likely to result in such information being made available, or promoted, to the general public
in any form (including but not limited to books, articles, writings, television, film, internet, video and audiotape). 
  

	5.	Warranties 

  

	5.1	You warrant and represent (as a strict condition of this Agreement) that prior to the date of this Agreement: 

  

	 	5.1.1	you have not started, or agreed (orally or in writing) to start: 

  

	 	5.1.1.1	employment with any person; or 

  

	 	5.1.1.2	other work of remunerative value, whether or not in fact remunerated (including but not limited to any contract for services, office or work for deferred remuneration); 

or received (orally or in writing), and do not have an immediate expectation of receiving, any offer of such employment or work; and 

 

	 	5.1.2	you have committed no material breach of duty to the Company or any other Group Company (whether such duty is express or implied and including but not limited to any fiduciary duty) and you are not aware of any such
breach by any other director, member, partner or employee of the Company or any other Group Company; and 

  

	 	5.1.3	you have not made any statement or comment or done any act or taken any step that would constitute a breach of clause 4 above if it had occurred after the date of this Agreement. 

  
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 Without prejudice & subject to contract 

 

	6.	Tax 

  

	6.1	You agree to be exclusively responsible for the payment of any and all tax and/or employee National Insurance or similar contributions (whether in the United Kingdom or elsewhere) in respect of the payments and benefits
referred to in clause 2 above (save to the extent deducted by the Company) including but not limited to the payment of: 

  

	 	6.1.1	any and all further income tax which may become due in respect of such payments as a result of the Company operating PAYE using Code 0T; 

 

	 	6.1.2	any and all further tax and employee National Insurance contributions in respect of the Payment in Lieu, the Basic Severance, the Change in Control Severance and the Termination Payment; and 

 

	 	6.1.3	any and all tax and employee National Insurance contributions in respect of the fees referred to at sub-clause 2.7 above. 

Further, you agree to indemnify on demand and keep indemnified each and every Group Company (on an after tax basis) against any and all
liability for the payment of such tax and employee National Insurance contributions, and against any and all penalties, interest, costs and expenses incurred by any Group Company in connection therewith (save to the extent caused directly by any
delay on the part of the Company in dealing with a relevant demand, assessment or determination from HM Revenue & Customs). 
  

	7.	Conditions regulating settlement agreements 

  

	7.1	You confirm that you have received advice from Rod Horler of Dixon Ward as to the terms and effect of this Agreement and, in particular, its effect on your ability to pursue your rights and complaints before an
employment tribunal. 

  

	7.2	You confirm that the conditions regulating settlement agreements or, as the case may be, compromise agreements or compromise contracts under s203 Employment Rights Act 1996, regulation 35 of the Working Time Regulations
1998, s77 Sex Discrimination Act 1975, s72 Race Relations Act 1976, paragraph 2 of Schedule 3A to the Disability Discrimination Act 1995, s288 Trade Union and Labour Relations (Consolidation) Act 1992, s9 Disability Discrimination Act 1995, s49
National Minimum Wage Act 1998, regulation 41 of the Transnational Information and Consultation of Employees Regulations 1999, Schedule 4 Employment Equality (Sexual Orientation) Regulations 2003, Schedule 4 Employment Equality (Religion or Belief)
Regulations 2003, regulation 40 of the Information and Consultation of Employees Regulations 2004, regulation 9 of the Part-Time Workers (Prevention of Less Favourable Treatment) Regulations 2000, regulation 10 of the Fixed-Term Employees
(Prevention of Less Favourable Treatment) Regulations 2002, regulation 62 of the Companies (Cross-Border Mergers) Regulations 2007, section 58 of the Pensions Act 2008, paragraph 13 of the Schedule to the Occupational and Personal Pension Schemes
(Consultation by Employers and Miscellaneous Amendment) Regulations 2006, Schedule 5 Employment Equality (Age) Regulations 2006 and s147 Equality Act 2010 are satisfied. 

 

	8.	Miscellaneous 

  

	8.1	This Agreement comprises this written agreement and its schedules (in each case as modified, extended, restated and/or replaced from time to time). The headings are inserted for convenience only and shall not affect the
construction of this Agreement. 

  
 11 

 Without prejudice & subject to contract 

 

	8.2	For the purposes of this Agreement: 

  

	 	8.2.1	‘the Group’ means the Company and any other company which is for the time being its subsidiary or its holding company or a subsidiary of any such holding company, provided that such reference shall
include (but not be limited to): 

  

	 	8.2.1.1	Markit, IHS and IHS Markit (as defined in this Agreement) and all of those entities of which you are or were a director, including those listed at clause 3.5.2.2 above; 

 

	 	8.2.1.2	the Trustees for the time being of the Markit group pension scheme; and 

  

	 	8.2.1.3	the direct and indirect shareholders of the Company and any and all other entities for which you worked, or otherwise had a business relationship in connection with your employment, between 4 June 2007 and the
Termination Date; 

 (and the predecessors, successors and intra-group assigns of any of the foregoing). 

 

	 	8.2.2	‘Group Company’ means any entity within the Group; 

  

	 	8.2.3	the terms ‘holding company’ and ‘subsidiary’ have the meanings ascribed to them in Part 38 Companies Act 2006; and 

 

	 	8.2.4	‘person’ includes a natural person, firm, partnership, company, corporation, association, organisation, institution, foundation, trust, government, state, agency, body or other entity (in each case
whether or not having separate legal personality) and may refer to one or more of the foregoing as the context so requires. 

  

	8.3	This Agreement, although marked ‘without prejudice and subject to contract, will upon signature by both parties be treated as an open document evincing an agreement binding on both parties.

  

	8.4	This Agreement may be executed in any number of counterparts, each of which, when executed, shall be an original, and all the counterparts together shall constitute one and the same instrument. Delivery of an executed
signature page of a counterpart by facsimile transmission or by electronic mall in AdobeTM Portable Document Format (PDF) shall take effect as delivery of an executed counterpart of this Agreement. 

 

	8.5	This Agreement does not, and shall not be deemed to, constitute an admission of liability by the Company or any Group Company. 

  

	8.6	This Agreement shall be governed by and construed in accordance with the laws of England and Wales and the parties hereby submit to the exclusive jurisdiction of the English Courts. 

 

	8.7	Nothing in this Agreement (including but not limited to the provisions of clause 4) shall preclude or limit the operation of any common law obligations owed by you to the Group at any time. 

 

	8.8	Any reference in this Agreement to a statute, statutory provision or subordinate legislation (‘legislation’) shall be construed as referring to such legislation as amended and in force from time to time
and to any legislation which re-enacts or consolidates or modifies such legislation from time to time. 

  
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 Without prejudice & subject to contract 

 

	8.9	This Agreement contains the entire and only agreement between you and the Group. It is in substitution for all previous arrangements, understandings and agreements in relation to the subject matter of this Agreement.
You acknowledge that in entering into this Agreement you have not relied on any representations or undertakings (whether oral or in writing) except such as are expressly incorporated into this Agreement. 

 

	8.10	A Group Company, and any employee, director, officer, member, partner, consultant, or agent (in each case past, present or future) of any Group Company, may, in accordance with the Contracts (Rights of Third Parties)
Act 1999, enforce any term of this Agreement. 

  

	8.11	The benefit of the provisions of this Agreement are held by the Company for itself and on trust for all other Group Companies, and all employees, directors, officers, members, partners, consultants, and agents (in each
case past, present and future) of the Group Companies, and shall be enforceable by the Company on behalf of the same as though they were parties to this Agreement. 

 

			
	Signed	 	 /s/ illegible

		 	on behalf of Market Group Limited
		
	Signed	 	 /s/ Jeff Gooch

		 	Jeff Gooch

  
 13 

 Without prejudice & subject to contract 

 

 SCHEDULE 1 

[To be typed on the headed notepaper of the adviser’s firm] 

[date] 
 Strictly private & confidential

 FAO: Sarah Bateman 
 Head of Human Resources 

Markit Group Ltd 
 Ropemaker Place 

25 Ropemaker Street 
 London 

EC2Y 9LY 
 Dear Sirs 

Jeff Gooch 
 I, Rod Horler, of Dixon Ward of 16 The
Green, Richmond, Surrey, TW9 1QD, am writing in connection with the settlement agreement between my client Jeff Gooch and Markit Group Limited dated 21 July 2016 (‘the Settlement Agreement’). I confirm that I have asked my
client to inform me of all complaints and rights which he has or thinks he may have against Markit Group Limited and/or the Group (as defined in the Settlement Agreement) and/or any other person arising out of or in connection with his employment or
its termination and the Settlement Agreement has been prepared on this basis. I confirm that I have given independent advice to my client on the terms and effect of the Settlement Agreement and, in particular, its effect on his ability to pursue his
complaints and rights before an employment tribunal and on his other statutory and contractual rights. 
 I confirm that (a) I am a solicitor of the
Senior Courts holding a current practising certificate and (b) there is in force, and was in force at the time I gave the advice referred to above, a contract of insurance covering the risk of a claim by Jeff Gooch in respect of any loss
arising in consequence of that advice. 
 I also confirm that (c) I am not employed by, or acting in this matter for, Markit Group Limited or any
associated employer and (d) I am not connected with, or employed by or acting in this matter for any person connected with Markit Group Limited within the meaning of s 147(8) and s 147(9) Equality Act 2010. 

Yours faithfully 
  

	
	  

	[Adviser’s name]
	
	[Att: certification]

  
 14 

 Without prejudice & subject to contract 

 

 SCHEDULE 2 

(The descriptions below of legislative provisions are provided for ease of reference only and shall not affect the construction of this Schedule.) 

Part A (claims you have or might have) 
  

	1.	Any claim for pay in lieu of notice or damages for termination of employment without notice. 

  

	2.	Any claim for holiday pay (whether under regulation 30 of the Working Time Regulations 1998 or under contract or otherwise). 

  

	3.	Any complaint of unfair dismissal (under Part X of the Employment Rights Act 1996). 

  

	4.	Any claim for outstanding pay, overtime, bonuses, commission, expenses, allowances, awards or other sums or benefits (whether under s13 or 15 of the Employment Rights Act 1996 or under contract or otherwise).

  

	5.	Any other claim for damages for breach of contract or misrepresentation. 

  

	6.	Any claim for a redundancy payment (whether under s135 of the Employment Rights Act 1996 or under contract or otherwise). 

  

	7.	Any claim arising under or out of a contravention or alleged contravention of s64, 68, 68A, 70B, 86, 87, 137, 138, 145A, 145B, 146, 168, 168A, 169, 170, 174, 188, 190 or 192 of, or paragraph 156 of Schedule A1 to, the
Trade Union and Labour Relations (Consolidation) Act 1992. 

  
 15 

 Without prejudice & subject to contract 

 

 Part B (claims you do not have) 

 

	1.	Any complaint under or arising out of a contravention or alleged contravention of s 8 of the Employment Rights Act 1996 (itemised pay statement). 

 

	2.	Any complaint under or arising out of a contravention or alleged contravention of Part V of the Employment Rights Act 1996 (protection from detriment) including but not limited to a claim in relation to s 10 of the
Employment Relations Act 1999 (right to be accompanied). 

  

	3.	Any complaint under or arising out of a contravention or alleged contravention of Part VI and Part 6A of the Employment Rights Act 1996 (time off work and study and training). 

 

	4.	Any complaint under or arising out of a contravention or alleged contravention of Part VII of the Employment Rights Act 1996 (suspension on medical or maternity grounds). 

 

	5.	Any complaint under or arising out of a contravention or alleged contravention of s80(1) of the Employment Rights Act 1996 (parental leave). 

 

	6.	Any complaint under or arising out of a contravention or alleged contravention of s80G(1) or 80H(1) of the Employment Rights Act 1996 (flexible working requests). 

 

	7.	Any complaint under or arising out of a contravention or alleged contravention of s92 of the Employment Rights Act 1996 (written statement of reasons for dismissal). 

 

	8.	Any complaint under s120 of the Equality Act 2010 (or otherwise) of: 

  

	 	•	 	direct discrimination, indirect discrimination, harassment or victimisation related to: 

  

	 	•	 	sex; 

  

	 	•	 	race; 

  

	 	•	 	disability; 

  

	 	•	 	sexual orientation; 

  

	 	•	 	religion or belief; 

  

	 	•	 	age; 

  

	 	•	 	marriage or civil partnership; 

  

	 	•	 	gender reassignment; 

  

	 	•	 	pregnancy or maternity; 

  

	 	•	 	discrimination arising from disability; 

  

	 	•	 	failure to comply with a duty to make reasonable adjustments. 

 For the avoidance of doubt, this
includes (but is not limited to) any claim for compensation for personal injury pursuant to the foregoing and any future complaint of victimisation (arising out of any acts or omissions whether before or after the Termination Date). 

  
 16 

 Without prejudice & subject to contract 

 

	9.	Any complaint under s120 or s127 of the Equality Act 2010 relating to an equality clause or rule. 

  

	10.	Any complaint under: 

  

	 	•	 	s2(1) of the Equal Pay Act 1970 or Article 141 of the EU Treaty; 

  

	 	•	 	s63 of the Sex Discrimination Act 1975; 

  

	 	•	 	s54 of the Race Relations Act 1976; 

  

	 	•	 	s17A or 25(8) of the Disability Discrimination Act 1995; 

  

	 	•	 	regulation 28 of the Employment Equality (Sexual Orientation) Regulations 2003; 

  

	 	•	 	regulation 28 of the Employment Equality (Religion or Belief) Regulations 2003; 

  

	 	•	 	regulation 36 of the Employment Equality (Age) Regulations 2006. 

 For the avoidance of doubt,
this includes (but is not limited to) any claim for compensation for personal injury pursuant to such legislation and any future complaint of victimisation (arising out of any acts or omissions whether before or after the Termination Date). 

 

	11.	Any other claim under regulation 30 of the Working Time Regulations 1998. 

  

	12.	Any other claim in relation to the Employment Rights Act 1999. 

  

	13.	Any claim under or by virtue of s 11, 18, 19(D), 20(1)(a) or 24 of the National Minimum Wage Act 1998. 

  

	14.	Any claim arising out of a contravention or alleged contravention of regulation 5(1) or 7(2) of the Part-time Workers (Prevention of Less Favourable Treatment) Regulations 2000. 

 

	15.	Any claim under or arising out of a contravention or alleged contravention of regulation 3, 6(2) or 9 of the Fixed-term Employees (Prevention of Less Favourable Treatment) Regulations 2002. 

 

	16.	Any claim under regulation 27 or 32 of the Transnational Information and Consultation of Employees Regulations 1999. 

  

	17.	Any claim before an employment tribunal under regulation 29 or 33 of the Information and Consultation of Employees Regulations 2004. 

 

	18.	Any proceedings before the Central Arbitration Committee or Employment Appeal Tribunal under the Information and Consultation of Employees Regulations 2004. 

 

	19.	Any claim under paragraph 4 or 8 of the Schedule to the Occupational and Personal Pension Schemes (Consultation by Employers and Miscellaneous Amendment) Regulations 2006. 

  
 17 

 Without prejudice & subject to contract 

 

	20.	Any claim under any law of the European Union (including but not limited to Treaties and Directives). 

  

	21.	Any claim in respect of defamation. 

  

	22.	Any claim under the Protection from Harassment Act 1997. 

  

	23.	A claim under regulation 15 or 18 of the Transfer of Undertakings (Protection of Employment) Regulations 2006 (and you confirm that you are not aware of any other person being entitled to bring a claim thereunder in
respect of your employment); 

  

	24.	A claim under regulation 5, 12, 13 or 17(2) of the Agency Workers Regulations 2010. 

  
 18 

 Without prejudice & subject to contract 

 

 SCHEDULE 3 

[agreed reference] 

[Example] 
 TO WHOM IT MAY CONCERN

 Dear Sirs 
 Jeff Gooch 

Thank you for your enquiry regarding Jeff Gooch. 
 Jeff was
employed by Markit Group Limited, from 4 June 2007 until 13 September 2016, latterly in the position of Chief Financial Officer for Markit. 

Jeff’s employment ended by reason of redundancy. 
 Whilst
we are happy to provide this reference for your private information, we do not accept any responsibility or liability of any sort in connection with it. 

Please note that we are unable to provide you with a more tailored reference, as it is our policy to provide basic employment information only. Nothing
negative or positive should be read into this. 
 Yours faithfully 
  

	
	  

	 on behalf of Markit Group Limited

  
 19 

 Without prejudice & subject to contract 

 

 SCHEDULE 4 

[Termination Date] 
 Board of Directors 

[Markit Valuations Limited MarkitSERV Holdings Limited MarkitSERV FX Limited TradeSTP Limited MarkitSERV, LLC MarkitSERV Limited Markit Analytics (UK) Limited
Markit Economics Limited Markit EDM Hub Limited, Markit EDM Limited Markit Equities Limited Markit Group (UK) Limited Markit Group Limited Markit Indices Limited Markit Securities Finance Analytics Consulting Limited Markit Securities Finance
Analytics Limited BOAT Limited Securities Finance Systems Limited Securities Lending Services Group Limited Markit Luxembourg Sàrl Thinkfolio Limited ThinkFolio Pty Limited Markit India Services Private Limited Markit Genpact KYC Services
Limited Markit NV Markit Group Holdings Limited Markit Valuation Services Limited Information Mosaic (UK) Limited Information Mosaic Software Private Limited Information Mosaic Limited Information Mosaic Asia SND.BHD. Option Computers Limited RCP
Trade Solutions Limited CoreOne Technologies (Belgium) BVBA CoreOne Technologies-DeltaOne Solutions Limited CoreOne Technologies India Private Limited Markit Operations Designated Activity Company] 

Dear Sirs 
 I hereby resign as a director of [entity
name] with effect from today’s date. 
 I confirm that I have no claim against [entity name] for compensation for loss of office. 

Yours faithfully 
  

	
	  

	 Jeff Gooch

  
 20EX-10.79

 Exhibit 10.79 

MARKIT GROUP LIMITED 

CONTRACT OF EMPLOYMENT 

PURSUANT TO THE EMPLOYMENT RIGHTS ACT 1996 

This statement dated as of 1 July 2014 (the “Effective Date”) sets out the terms and conditions of the continued employment of Stephen Wolff by
Markit Group Limited (the “Company”). This statement replaces and supersedes your existing contract of employment with the Company dated 9 December 2013 (the “Prior Agreement”). 

 

	1.	Term of Contract, Job Title and Duties 

  

	 	1.1.	Your employment will continue under this statement commencing on the Effective Date until terminated pursuant to the terms of this statement (such period, the “Term”). You will continue to be employed as
Managing Director, Head of Corporate Development and will perform all acts, duties and obligations and comply with such orders as may be designated by the Company from time to time. The Company may require you to undertake the duties of another
position, either in addition to or instead of the above duties, it being understood that you will not be required to perform duties which are not reasonably within your capabilities. You will also serve (or continue to serve) as an officer and/or
director of any Group Company as specified by the Company, in each case without additional compensation. You will serve the Company faithfully and diligently in the performance of your duties. You will use your best efforts to further the interests
of the Company and to comply with all lawful instructions and directions of the Company as may be in effect from time to time. 

  

	 	1.2.	For the purposes of this statement, “Group Company” means the Company, its group undertakings (as defined in section 1161 of the Companies Act 2006) or any associated company (as defined in sections 416
et seq. of the Income and Corporation Taxes Act 1988) of the Company or any group undertaking including any of their predecessors, successors or assigns or any company which is designated at any time a Group Company by the directors of the board of
the Company or any holding company. 

  

	2.	Compensation 

  

	 	2.1.	Your initial basic salary will be £250,000 per annum subject to statutory deductions, payable monthly on the 25th of each month. If the 25th does not fall on a working day, you will be paid on the working day
immediately prior to it. Your basic salary will be subject to annual review by the Company and subject to change in the Company’s absolute discretion. For the purposes of this statement, “Basic Salary” means your annual basic
salary as determined herein from time to time. 

  

	 	2.2.	You will be eligible to participate in a discretionary Annual Incentive Plan maintained by the Company or another Group Company. The Company may suspend, alter or discontinue such payments or any incentive scheme and
its eligibility requirements at any time at its absolute discretion. If you receive any incentive award payment, the Company is not obliged to make any further incentive award payments and any incentive award payment will not become part of your
contractual remuneration or fixed salary. Payment of this award will be contingent on you still being employed with the Company and not under notice, initiated by yourself or the Company (other than for reason of redundancy) at the time of payment.
Incentive award entitlement does not accrue in the course of a year, and you are not entitled to payment of an incentive award, or any pro-rata portion of it, if you leave prior to the date that the award is
paid. Although any incentive award payments and any amounts thereof are at the absolute discretion of the Company and no payments of annual incentives are guaranteed, your target cash incentive award for any given fiscal year, as determined in the
Company’s absolute discretion and subject to change at any time, is the “Target Cash Incentive” for the purposes of this statement. 

  

	 	2.3.	The Company will withhold from all compensation payable to you all applicable deductions, including, without limitation, in respect of tax and National Insurance Contributions. The Company may deduct from your Basic
Salary, bonus amounts or any other sums owed to you, any money owed to the Company by you. 

  
 1 

	3.	Place of Work 

  

	 	3.1.	Your place of work will be Markit Group Limited, Level 4, Ropemaker Place, 25 Ropemaker Street, London, EC2Y 9LY or whatever other office or branch of the Company or its affiliates that you may from time to time be
called upon or directed to work. You agree to travel on any Group Company’s business (both within the United Kingdom or abroad) as may be required for the proper performance of your duties. 

 

	4.	Working Hours 

  

	 	4.1.	Normal working hours are 9.00 a.m. to 5.00 p.m. Monday to Friday, with one hour for lunch. You will be required to work such other hours or shifts as are necessary in order to fully perform your duties hereunder or meet
business needs. 

  

	 	4.2.	You agree that your working time, including overtime (whether or not paid), in any reference period may exceed 48 hours in any seven day period and that the limit specified in Regulation 4(1) of the Working Time
Regulations 1998 (the “Regulations”) will not apply to your employment by us. You may withdraw your consent to work more than 48 hours per week by giving three months’ notice in writing to Human Resources. You agree that the
provisions of Regulations 15(1) to (4) of the Regulations (dates on which leave is taken) do not apply to your employment. 

In this clause “working time” means any time during which you are carrying out work on behalf of the Company, whether or not this
takes place on the Company’s premises. This could, for example, include travelling to and attending meetings off Company premises, on behalf of the Company and relevant training (as defined in the Regulations). 

 

	5.	Holiday 

  

	 	5.1.	In addition to the usual eight English public holidays, your holiday entitlement is 25 days per annum, January to December, calculated pro rata for shorter periods of service based on completed months worked. The
holiday dates chosen must be taken during the calendar year to which the entitlement relates and cannot be carried forward. No payment is made in respect of holidays not taken. Of your entitlement at least five working days must be taken
consecutively during the calendar year. Holidays may only be taken with the prior approval of Company Management. 

  

	 	5.2.	On termination of your employment, where you have taken more or less than your holiday entitlement as calculated above, an adjustment based on your normal rate of pay will be made to your final salary. The accrued
holiday entitlement at the date of termination will be calculated on the basis of 2.08 days’ holiday for each completed calendar month of service in the then current holiday year. The amount of the payment in lieu (or deduction) will be
calculated on the basis of 1/260th of your annual salary for each day’s holiday not taken (or taken in excess of the accrued entitlement). 

 

	6.	Benefits 

  

	 	6.1.	Your eligibility for benefits provided by the Company are subject to the rules of the provider and the Company (as detailed in the Employee Handbook), as amended from time to time and you completing and returning the
appropriate joining forms and continuing to be eligible to participate in the benefit pursuant to the rules. 

  

	 	6.2.	Markit operates a Pensions Salary Sacrifice (PSS) option where you authorise Markit to reduce your salary by the value of your pension contribution, and pay this as an additional employer contribution to the Markit
Group Personal Pension Plan. You agree that the level of the PSS will remain fixed until the anniversary of the Markit Group Personal Pension Plan (1 July) and cannot be changed, save for the occurrence of a Lifestyle Event. 

 

	 	6.3.	In the event you are granted any share option or restricted share award under the Plan (as defined below), unless otherwise determined by the plan administrator at the time of grant and subject to the terms and
conditions of the applicable award agreement, the vesting provisions set forth on Schedule A of this statement shall apply. 

  
 2 

	7.	Incapacity for Work 

  

	 	7.1.	If you are absent from work for any reason you must notify your manager as soon as possible on the first day of absence. A doctor’s certificate must be obtained for any period of incapacity due to sickness or
injury of more than seven days (including weekends) and a further certificate in respect of any further period of incapacity of seven days. In all cases self-certification must be completed in the absence management system on your return to work.
Your qualifying days for statutory sick pay purposes are Monday to Friday. Any salary paid in excess of statutory sick pay entitlement is at the Company’s absolute discretion and may be terminated by the Company at any time. 

 

	 	7.2.	You agree to consent to an examination by a doctor nominated by the Company should the Company so require, and to the doctor’s report being given to the Company. 

 

	 	7.3.	Full particulars of the sickness procedure are set out in the Employee Handbook. 

  

	8.	Leaving Procedures 

  

	 	8.1.	The Company may terminate your employment at any time by giving 4 weeks’ notice in writing. After 4 years’ service the period of notice shall increase by one week for each additional year of service up to a
total of 12 weeks. You may terminate your employment at any time with or without Good Reason by giving 6 months’ notice in writing. 

  

	 	8.2.	You agree that the Company may, at its absolute discretion, require you to comply with any or all of the following provisions during any period of notice (whether given by you or by the Company), provided always that
the Company will continue to pay your salary and contractual benefits; any unused holiday accrued at the commencement or accrued during this period will be deemed to be taken by you during the period: 

 

	 	8.2.1.	not to enter or attend the premises of the Company or any Group Company; 

  

	 	8.2.2.	not to contact or have any communication with clients, employees, customers, agents or representatives of the Company or any Group Company; 

 

	 	8.2.3.	not to undertake all or any of your duties hereunder; 

  

	 	8.2.4.	to immediately resign from any directorship which you hold in the Company, any Group Company (or any other company where such directorship is held as a consequence or requirement of your employment), unless you are
required to perform duties to which any such directorship relates in which case you may retain such directorships while those duties are ongoing. You hereby irrevocably appoint the Company to be your attorney to execute any instrument and do
anything in your name and on your behalf to effect your resignation if you fail to do so in accordance with this clause. 

  

	 	8.3.	All duties of your employment (express and implied) will continue during any period of notice, including but without limitation, your duties of fidelity, good faith and exclusive service. During this period you may not
be employed or engaged in the conduct of any activity for any other company or any third party, whether or not of a business nature. 

  

	 	8.4.	The Company may at its sole and absolute discretion pay basic salary alone in lieu of any unexpired period of notice (less such deductions as the Company is required by law to make) by notifying you that the Company is
exercising its right under this clause 8.4 and that it will make within [28] days a payment in lieu of notice (“Payment in Lieu”) to you. This Payment in Lieu will be equal to the Basic Salary (as at the date of termination) which you
would have been entitled to receive under this statement during the notice period referred to at clause 8.1 (or, if notice has already been given, during the remainder of the notice period) less income tax and National Insurance Contributions. For
the avoidance of doubt, the Payment in Lieu shall not include any element in relation to: 

  

	 	8.4.1.	any bonus or commission payments that might otherwise have been due during the period for which the Payment in Lieu is made; 

  

	 	8.4.2.	any payment in respect of benefits which you would have been entitled to receive during the period for which the Payment in Lieu is made; and 

 

	 	8.4.3.	any payment in respect of any holiday entitlement that would have accrued during the period for which the Payment in Lieu is made. 

  
 3 

 You shall have no right to receive a Payment in Lieu unless the Company has exercised its
discretion in clause 8.4. Nothing in this clause shall prevent the Company from terminating your employment in breach. 
  

	 	8.5.	The Company reserves the right to terminate employment without notice in cases where you have been guilty of a serious breach or repeated breaches of any of your express or implied duties as an employee, where you have
brought yourself or the Company into disrepute or where you have been guilty of gross misconduct, gross negligence, a repudiatory breach of your contract of employment or other Cause. For these purposes, any breach of the Company’s compliance
procedures or the regulatory rules applicable to the Company, will result in disciplinary action up to and including dismissal without notice. 

  

	 	8.6.	The Company may at any time in its absolute discretion suspend you on full pay and contractual benefits from the performance of some or all of your duties under this agreement for such period or periods as the Company
in its absolute discretion may decide for the purposes of investigating any allegation of misconduct or negligence against you. 

  

	 	8.7.	On request and in any event on termination of your employment for any reason you are required to return to the Company all Company property including security pass, keys, computer hard and software including disks and
all documents in whatever form (including notes of minutes of meetings, customer/client lists, diaries and address books, computer print-outs, plans, projections) together with all copies which are in your possession or under your control. The
ownership of all such property and documents will at all times remain vested in the Company. 

  

	 	8.8.	For the purposes of this statement, you will have “Good Reason” to terminate your employment within 30 days after the occurrence (without your consent) of any of the following: (1) a material
diminution of your rate of Basic Salary or other material failure to provide the compensation due pursuant to this statement; (2) a material diminution of your authority, duties, responsibilities, or title; or (3) a material breach by the
Company of this statement, provided, however, that any such condition or conditions, as applicable, will not constitute grounds for Good Reason unless both (x) you provide written notice to the Company of the condition claimed to constitute
grounds for Good Reason within 60 days of the initial existence of such condition(s), and (y) the Company fails to remedy such condition(s) within 30 days of receiving such written notice thereof; and provided, further, that in all events the
termination of your employment with the Company will not constitute a Good Reason unless such termination occurs not more than [210 days] following the initial existence of the condition claimed to constitute grounds for a Good Reason termination
hereunder. 

  

	 	8.9.	For the purposes of this statement, “Cause” will have the meaning ascribed to it in the Markit Ltd. 2014 Equity Incentive Plan (the “Plan”). 

 

	9.	Consequences of Termination 

  

	 	9.1.	If the Company terminates your employment without Cause or if you terminate your employment for Good Reason, subject to your compliance with the obligations in clauses 8.7, 9.3, 10 and 12, you will receive:

  

	 	9.1.1.	a payment of an amount equal to the quotient obtained by dividing (i) the sum of your Basic Salary and Target Cash Incentive for the year of termination (less any salary and bonus payments paid to you for
employment during any period following the delivery or receipt of a written notice of termination), by (ii) 12, for each month in the Severance Period (the “Basic Severance”), in monthly equal instalments (where the number of monthly
instalments shall be equal to the number of months in the Severance Period) in accordance with the regular payroll practices of the Company, where the first instalment shall be payable on the First Instalment Date; and 

 

	 	9.1.2.	 notwithstanding clause 9.1.1, if the Company terminates your employment without Cause or if you terminate your
employment for Good Reason and within 12 months after a Change in Control (as defined in the Plan), you will receive additional severance payments equal to the sum of your Basic Salary and Target Cash Incentive for the year of termination (less any
salary and bonus payments paid to you for employment during any period following the 

  
 4 

	 	
delivery or receipt of a written notice of termination), which shall be payable in 12 equal monthly instalments in accordance with the regular payroll practices of the Company, where the first
instalment shall be paid on the First Instalment Date (the “Change in Control Severance”). For the avoidance of doubt, the Change in Control Severance will be subject to the same conditions as the Basic Severance (including compliance with
the obligations in clauses 8.7, 9.3, 10 and 12) and will be paid concurrently with and, if applicable, in addition to the Basic Severance payments described in this section. 

The Company will withhold from all payments payable to you under this clause all applicable deductions, including, without limitation, in
respect of tax and National Insurance Contributions. The Company may deduct from your Basic Salary, bonus amounts or any other sums owed to you, any money owed to the Company by you. 

For the purposes of this statement the “First Instalment Date” shall mean the first working day no less that 28 days after
the date upon which you deliver to the Company a general release in accordance with clause 9.3 below. 
  

	 	9.2.	For the purposes of this statement, the “Severance Period” will equal one 1 month for each completed calendar year of your service for the Company as at the date of the termination of your employment,
up to a maximum of 12 months. 

  

	 	9.3.	Any and all amounts payable under this clause 9 will only be payable subject to and conditional upon you delivering to the Company and not revoking a general release of claims in favour of the Company and the other
Group Companies in a form to be provided by the Company and within the time frame prescribed by the Company after delivery or receipt of a written notice of termination. In no event will you be obligated to seek other employment or take any other
action by way of mitigation of the amounts payable to you under any of the provisions of this statement, nor will the amount of any payment hereunder be reduced by any compensation earned by you as a result of employment by a subsequent employer.

  

	10.	Restrictions after termination of employment 

  

	 	10.1.	In this clause, the following terms have the following meanings: 

 “Customer”
means any person, firm, company or entity which was a customer of, or in the habit of dealing with, the Company or any Group Company at any time during the 12 months prior to the Termination Date and with which you were materially concerned or had
personal contact or in respect of whom you had access to confidential information belonging to the Company or any Group Company at any time during the said period of 12 months; 

“Key Employee” means any person who immediately prior to the Termination Date was an employee, director, officer, agent,
consultant or associate of the Company or any Group Company who was likely to be (i) in possession of confidential information belonging to the Company or any Group Company, or (ii) able to influence the customer relationships or trade
connections of the Company and with whom you worked closely at any time during the period of 12 months prior to the Termination Date; 

“Services” means those products and services which are competitive with those supplied by the Company or any Group Company in
the 12 months prior to the Termination Date and with the supply of which you were materially concerned or had access to confidential information belonging to the Company or any Group Company at any time during the said period of 12 months (without
limiting the generality of the foregoing, and solely for purposes of providing examples, the parties agree that those products and services provided by the companies and businesses set forth in Schedule B (attached hereto) are competitive with those
supplied by the Company or any Group Company); 
 “Prohibited Area” means the area constituting the market of the Company
and any Group Company for Services in the period of 12 months prior to the Termination Date and with which area you were materially concerned at any time during the said period of 12 months; 

  
 5 

 “Prospective Customer” means any person, firm, company or entity who was
negotiating with the Company or any Group Company for the supply of Services and with which you were materially concerned or had personal contact or had access to confidential information belonging to the Company or any Group Company, during the 12
months prior to the Termination Date; and 
 “Termination Date” means the date of termination of your employment by either
party howsoever arising or the date that you go on garden leave, whichever is the earliest. 
  

	 	10.2.	You are likely to obtain trade secrets, confidential information and personal knowledge of and influence over customers and employees of the Company and other Group Companies during the course of your employment. To
protect these interests of the Company and other Group Companies, you agree that you will not for the following periods after the Termination Date for whatever reason directly or indirectly, either alone or jointly with or on behalf of any third
party and whether on your own account or as principal, partner, shareholder, director, employee, consultant or in any other capacity whatsoever: 

  

	 	10.2.1.	for 12 months following the Termination Date (“Restricted Period”) in the Prohibited Area and in competition with the Company or any Group Company [engage, assist or be interested in any undertaking] which
provides, or is about to provide, Services; 

  

	 	10.2.2.	for the Restricted Period and in competition with the Company or any Group Company solicit, canvass or endeavour to entice away from the Company, or any Group Company any Customer; 

 

	 	10.2.3.	for the Restricted Period and in competition with the Company or any Group Company deal with or otherwise accept the custom of any Customer; 

 

	 	10.2.4.	for the Restricted Period and in competition with the Company or any Group Company solicit, canvass or endeavour to entice away from the Company or any Group Company any Prospective Customer; 

 

	 	10.2.5.	for the Restricted Period and in competition with the Company or any Group Company deal with or otherwise accept the custom of any Prospective Customer; 

 

	 	10.2.6.	for the Restricted Period solicit the employment or engagement of any Key Employee in a business which is in competition with the Company or any Group Company; and 

 

	 	10.2.7.	in perpetuity following the Termination Date make negative comments or otherwise disparage the Company or any Group Company or any of their respective officers, directors, employees, shareholders, agents, services or
products, in any manner likely to be harmful to them or their business, business reputation or personal reputation. For the purposes of this clause 10.2.7, disparagement does not include (i) compliance with legal process or subpoenas to the
extent only truthful statements are rendered in such compliance attempt, (ii) statements made in response to an inquiry from a court or regulatory body, or (iii) any protected disclosure within the meaning of section 43A of the Employment
Rights Act 1996, provided that in the case of any of (i) or (ii), subject to applicable law, you give the Company advance written notice of the comment or other communication and afford the Company an opportunity to seek a protective order.

  

	 	10.2.8.	Notwithstanding anything herein to the contrary, if you become entitled to, and are receiving, Basic Severance payments pursuant to Section 9.1.1 hereof, and the Severance Period lapses prior to the end of the
Restricted Period (such period beginning on the date of such lapse and ending on the last day of the Restricted Period, the “Gap Period”), provided that you are not entitled to any Change in Control Severance payments, the restrictions
imposed upon you under clause 10.2.1 shall not apply to you during the Gap Period unless the Company elects, in its sole discretion, to continue to pay to you such Basic Severance payment amounts during the Gap Period. 

 

	 	10.3.	Each of the paragraphs contained in clause 10.2 constitutes an entirely separate and independent covenant. If any covenant is found to be invalid this will not affect the validity or enforceability of any of the other
covenants. 

  
 6 

	 	10.4.	Following the Termination Date, you will not represent yourself as being in any way connected with the businesses of the Company or any subsidiary of the Company (except to the extent agreed by such with the Company).

  

	 	10.5.	Any benefit given or deemed to be given by you to any parent or subsidiary of the Company under the terms of this clause 10 is received and held on trust by the Company for the relevant parent or subsidiary of the
Company. You will enter into appropriate restrictive covenants directly with Group Companies if asked to do so by the Company. 

  

	 	10.6.	The Company reserves the right to amend the terms of the restrictive covenants contained in this clause 10 in the event that you are promoted to a higher corporate title. Any promotion will be subject to and conditional
upon you accepting these changes. 

  

	 	10.7.	You acknowledge that any breach of the provisions contained in clauses 10.2, 12.1 and 12.2 (collectively, the “Restrictive Covenants”) may result in serious and irreparable injury. Therefore, you acknowledge
and agree that in the event of a breach by you, the Company will be entitled, in addition to any other remedy at law or in equity to which the Company may be entitled, to equitable relief against you, including an injunction to restrain you from
such breach and to compel compliance with your obligations hereunder. 

  

	 	10.8.	You acknowledge that, in the course of your employment with the Company and/or any Group Company and their respective predecessors, you have become familiar, or will become familiar with the Company’s and the Group
Companies’ and their respective predecessors’ trade secrets and with other confidential and proprietary information concerning the Company, the Group Companies, and their respective predecessors and that your services have been and will be
of special, unique and extraordinary value to the Company and the Group Companies. You agree that the Restrictive Covenants are reasonable and necessary to protect the Company’s and the Group Companies’ trade secrets and other confidential
and proprietary information, good will, stable workforce, and customer relations. 

  

	 	10.9.	You understand that the Restrictive Covenants may limit your ability to earn a similar amount of compensation in a business similar to the business of the Company or the Group Companies, but you nevertheless believe
that you received and will receive sufficient consideration and other benefits as an employee of the Company and as otherwise provided hereunder to clearly justify such restrictions which, in any event (given your education, skills, and ability),
you do not believe would prevent you from earning a living. 

  

	11.	Outside Interests 

  

	 	11.1.	So long as you are employed by the Company, you must not, without the written consent of the Company, be in any way directly or indirectly employed, engaged or concerned in any other business or undertaking where this
is likely to be in conflict with the interests of the Company or where this may adversely affect the efficient discharge of your duties. 

  

	12.	Confidentiality 

  

	 	12.1.	 In the ordinary course of your employment you will be exposed to information about the business of the Company,
its Group Companies, its (or their) clients and customers, which is confidential or is commercially sensitive and which may not be readily available to competitors or the general public and which if disclosed would be liable to cause harm to the
Company. You must not whether during or after your employment, except as authorised by the Company, reveal to any person, firm, or organisation or otherwise make use of any trade secret, information of a private, secret or confidential nature,
confidential operations, processes, dealings or any information (other than within the public domain other than by reason of your wrongful disclosure) concerning the business finances or affairs of the Company, any Group Company or any of their
respective customers, clients or suppliers (including but not limited to terms of contracts or arrangements, existing or potential projects, accounts information regarding customers, clients or suppliers, disputes, business development and/or
marketing programmes and plans) including without prejudice to the generality of the 

  
 7 

	 	
foregoing lists of the customers or clients, which may come to your knowledge during your employment, whether or not the same is committed to in writing. Nothing in this clause will prevent you
from disclosing information to comply with a Court Order or performing any statutory obligation on you to do so, provided that subject to applicable law, you give the Company advance written notice of the disclosure and afford the Company an
opportunity to seek a protective order. This clause is not intended to prevent you from making a “protected disclosure” for the purposes of the Employment Rights Act 1996. 

 

	 	12.2.	It is considered a condition of your employment to ensure that the Company’s policy of maintaining the strictest confidentiality of your own personal compensation, both in the programmes in which you participate
and the remuneration you personally receive, is adhered to by you at all times. The Company will not tolerate any breach of privacy and confidentiality in this regards. 

 

	 	12.3.	Your confidentiality restrictions will continue in perpetuity both during and after the Term. 

  

	13.	Recoupment 

  

	 	13.1.	Notwithstanding anything to the contrary in this Agreement or any equity or other compensation award agreement between the Company and you, you hereby acknowledge and agree that all compensation paid to you by the
Company, whether in the form of cash, equity or any other form of property, will be subject to any compensation recapture policies established by the Company from time to time, in its sole discretion, in order to comply with law, rules or other
regulatory requirements applicable to the Company or its employees including without limitation any such policy that is intended to comply with (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and any rules and regulations
promulgated thereunder and (ii) the Remuneration Code published by the UK Financial Conduct Authority or other applicable regulatory authority. 

  

	14.	Intellectual Property 

  

	 	14.1.	You agree that you will promptly disclose to the Company any idea, invention, patent application, patent utility model application or utility model, design, copyright or other intellectual property (“Intellectual
Property”) which is relevant to (or capable of use in) the business of the Company or any Group Company now or in the future made by you in the course of your employment (whether or not in the course of your duties). You acknowledge that,
subject to your rights in or under inventions or patents (including patent applications), as provided by sections 39 to 41 of the Patents Act 1977 which are unaffected hereby, all Intellectual Property will, on creation, vest in and be the exclusive
property of the Company and if they do not do so you will assign them to the Company (upon its request and at its cost). You irrevocably have any “Moral Rights” which you may have in any such ideas, inventions or works under Chapter IV of
Part I of the Copyright, Designs and Patents Act 1988. 

  

	 	14.2.	You agree that you irrevocably appoint the Company to act on your behalf to execute any document or do anything in your name for the purpose of giving the Company (or its nominee) the full benefit of this clause or the
Company’s entitlement under statute. 

  

	15.	Grievance and Disciplinary Procedures 

  

	 	15.1.	A copy of the disciplinary and grievance procedures, which do not form a term of your contract of employment, are available in the Employee Handbook. 

 

	16.	General Regulations 

  

	 	16.1.	It is important that you should familiarise yourself with all Company regulations and codes of conduct for employees as amended from time to time, all of which govern your employment with the Company, since failure to
comply in certain instances could lead to dismissal. For reference purposes please refer to the Employee Handbook. 

  
 8 

	17.	Personal Data 

  

	 	17.1.	You agree that the Company may during the term of your employment hold, process and disclose any personal data (including that which may be deemed sensitive personal data), which it may lawfully obtain about you in
accordance with the Data Protection Act 1998 (as amended from time to time), for the purpose of complying with its legal obligations in its capacity as an employer or otherwise and for the purpose of employee management including (but without
limitation) the assessment of suitability during recruitment, project management reporting and forecasting, and the administration of employee benefits, and for the purposes of providing references and information to future employers, and if
necessary, to governmental, quasi-governmental and regulatory bodies and for the general business purposes of the Company. 

  

	 	17.2.	You understand and agree that following the termination of your employment, the Company may also hold, process and disclose such personal data for the purposes of providing references and information to future
employers, and if necessary, to governmental, quasi-governmental, regulatory bodies and the general business purposes of the Company. 

  

	 	17.3.	You understand and agree that this may include the making available by the Company of your personal data to any Group Company or the agents or sub-contractors of such Group
Companies, which may include offices or companies which are established in countries which may or may not have data protection laws as comprehensive as those in the European Economic Area. 

 

	 	17.4.	You acknowledge that during the course of your employment you will/may have access to and process, or authorise the processing of personal data and sensitive personal data relating to employees, customers and other
individuals held and controlled by the Company. You agree to comply with the terms of the Data Protection Act 1998, in relation to such data and to abide by the Company Data Protection Policy. You are required to treat such information in the
strictest confidence, and to take all steps as may be specified by the Company to prevent the unauthorised disclosure of such data or any processing of it which would be contrary to the provisions of the Data Protection Act 1998 (as amended or
superseded from time to time). Failure by you to take such steps as have been specified in this regard by the Company, or any unauthorised disclosure or processing of personal data will be regarded as a disciplinary offence. 

 

	18.	Assistance in Litigation 

  

	 	18.1.	During the Term and thereafter, you shall upon reasonable notice, furnish such information and proper assistance to the Company as it may reasonably require in connection with any litigation in which it is, or may
become, a party either during or after the Term. 

  

	19.	Company Authorization for Publication 

  

	 	19.1.	Prior to your submission or disclosure of any material prepared by you that incorporates information that concerns the Company’s business or anticipated research for possible publication or dissemination outside
the Company, you agree to deliver a copy of such material to an officer of the Company for his or her review. Within 20 days following such submission, the Company agrees to notify you in writing whether the Company believes such material contains
any confidential information or trade secrets, and you agree to make such deletions and revisions as are requested by the Company to protect its confidential information or trade secrets. You further agree to obtain the written consent of the
Company prior to any review of such material by persons outside the Company. 

  

	20.	Miscellaneous 

  

	 	20.1.	The terms of this statement contain the entire understanding between the Company and you with respect of the subject matter of this agreement and supersedes all prior and contemporaneous agreements, understandings, and
discussions, whether oral or written (including without limitation, the Prior Agreement). 

  
 9 

	 	20.2.	This statement and any dispute or claim arising out of or in connection with it or its subject matter or formation (including non-contractual disputes or claims) will be governed
by and construed in accordance with English law. The parties irrevocably agree that the courts of England and Wales will have exclusive jurisdiction to settle any dispute or claim that arises out of or in connection with this statement or its
subject matter or formation (including non-contractual disputes or claims). The Contracts (Rights of Third Parties) Act 1999 shall not apply to this Agreement and no person other than you, the Company and any
Group Company shall have any rights under it. 

  

	 	20.3.	If any provision of this statement or the application of any such provision to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid or unenforceable to any extent, the
remainder of this statement, or the application of such provision to such person or circumstances other than those to which it is so determined to be invalid or unenforceable, will not be affected thereby, and each provision hereof will be enforced
to the fullest extent permitted by law. If the final judgment of a court of competent jurisdiction declares that any provision of this statement, including, without limitation, any provision of clauses 10, 12, or 13 hereof, is invalid or
unenforceable, the parties hereto agree that the court making the determination of invalidity or unenforceability will have the power, and is hereby directed, to reduce the scope, duration or area of the provision, to delete specific words or
phrases and to replace any invalid or unenforceable provision with a provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable provision, and this statement will be enforced as so
modified. 

  

	 	20.4.	The provisions of this statement which by their terms call for performance subsequent to termination of your employment, or of this statement, shall so survive such termination. 

 

	 	20.5.	The existence of any claim, demand, action or cause of action of you against the Company, whether or not based upon this statement, will not constitute a defence to the enforcement by the Company (or any other
applicable Group Company) of any covenant or agreement of Employee contained in clauses 10 and 12 herein. 

  

	 	20.6.	Except as required by law, no right to receive payments under this statement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge or hypothecation, or to execution,
attachment, levy or similar process or assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect. 

 

	 	20.7.	All payments provided under this statement will be paid in cash from the general funds of the Company, and no special or separate fund will be established and no other segregation of assets will be made to assure
payment. 

  

	 	20.8.	Company may withhold from any benefits payable under this Agreement all applicable deductions, including, without limitation, in respect of tax and National Insurance Contributions.. 

 

					
	In witness whereof this agreement has been signed as a deed and delivered on the date written below.
			
	 /s/ Stephen Wolff
	  	 Stephen Wolff
	  	 14/8/2014

	 Signed as a deed
 by Stephen
Wolff
	  	Print	  	Date
			
	In the presence of	  		  	
			
	 /s/ illegible
	  	  
	  	 14/8/2014

	Witness signature	  	Name, Address and Occupation	  	Date
		
	Signed on behalf of Markit Group Limited by	  	
			
	 /s/ illegible
	  	  
	  	 14/8/2014

	Signature	  	Print	  	Date

  
 10 

 Schedule A 

Vesting Schedule 
 The share option or
restricted share award shall vest in [three equal annual instalments on the first, second, and third, anniversaries of the date of grant] [five equal instalments on the first, second, third, fourth and fifth anniversaries of the date of grant];
provided, however, that, if your employment is terminated by the Company without Cause or by you for Good Reason, then any unvested portion of such award that would have vested within the 12-month period
immediately following such termination as if you had not experienced a termination of employment, shall vest in full immediately upon the date of such termination; and provided, further, however, that if such termination occurs within the twelve
(12) month period commencing on and following a Change in Control, then 100% of such award shall vest in full immediately upon the date of such termination. 

  
 11 

 Schedule B 

Competitive Businesses 
  

	•	 	The McGraw-Hill Companies Inc. 

  

	•	 	IHS. Inc. 

  

	•	 	MSCI, Inc. 

  

	•	 	Nasdaq OMX Group Inc. 

  

	•	 	Morningstar, Inc. 

  

	•	 	Verisk Analytics, Inc. 

  

	•	 	MarketAxess Holdings Inc. 

  

	•	 	CME Group Inc. 

  

	•	 	Intercontinental Exchange, Inc. 

  

	•	 	FactSet Research Systems Inc. 

  

	•	 	Thomson Reuters Corporation 

  

	•	 	Bloomberg L.P. 

  

	•	 	ICAP plc 

  

	•	 	Interactive Data Corporation 

  

  
 12

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