Document:

EX-10.68

 Exhibit 10.68 

Execution Copy 
 July 8, 2016 

Mr. Todd Hyatt 
 c/o IHS Inc. 

15 Inverness Way 
 East Englewood, CO 80112 

Dear Mr. Hyatt: 
 As you are aware, IHS Inc.
(the “Company”) has entered into an Agreement and Plan of Merger by and among Markit, Ltd., Marvel Merger Sub, Inc. and the Company, dated as of March 20, 2016 (as may be amended, the “Merger Agreement”). Your
continued strong contribution to the Company is important during this period, and the Company wishes to confirm your severance protection following the consummation of the transactions contemplated by the Merger Agreement (the “Merger
Closing Date”) and provide you with an incentive for a successful transaction and integration. The terms of this letter agreement arc conditioned on the Merger Closing Date and, if the Merger Closing Date does not occur, this letter
agreement is of no further force or effect. 
 You acknowledge that this letter agreement provides severance protection in lieu of all
severance benefits, rights and entitlements that you arc. or may become, eligible to receive under your employment letter dated October 31, 2013, as amended (“Offer Letter”), and any other plans or agreements with the Company
or its affiliates during the Protection Period; provided, that if a Change in Control (as defined in your Offer Letter) occurs following the consummation of the transactions contemplated by the Merger Agreement, you shall remain eligible for
severance rights and benefits in accordance with the terms and conditions of your Offer Letter to the extent such rights and benefits are greater than the rights and benefits under this letter agreement (without duplication of benefits). Prior to
the Merger Closing Date and following the expiration of the Protection Period, you will remain eligible for severance protection under your Offer Letter and any other plans or agreements with the Company or its affiliates. For the avoidance of
doubt, the foregoing shall have no impact on any confidentiality or restrictive covenant agreements to which you are party, which shall continue in full force and effect. 
  

	 	1.	Enhanced Severance 

 In the event your employment is terminated by
the Company or its affiliates without Cause or by you for Good Reason or by reason of your death or disability occurring during the Protection Period (as defined below), you will be eligible to receive the following severance payments and benefits.
For purposes of this letter agreement, the “Protection Period” is the period beginning on the Merger Closing Date and continuing until January 31, 2019. 

(a)    Severance Payment. A lump-sum cash payment (the “Severance
Payment” equal to (i) 2 times the sum of your Annual Base Salary and your Annual Target Bonus and (ii) your Annual Target Bonus, pro-rated for the number of days that have elapsed during such fiscal
year prior to the termination of your employment. The Severance Payment shall be paid on, or within 15 days following, the 60th day following your Termination Date, subject to applicable tax withholdings. 

(b)    Equity Awards. All outstanding restricted stock units, stock options or similar equity incentive awards that
were granted prior to the Merger Closing Date shall become fully vested and payable on the first 15th day of the month that follows the 60th day after your Termination Date. The terms and conditions of such equity incentive awards shall otherwise be
subject to the terms and conditions of the Company’s 2004 Long-Term Incentive Plan (or any applicable successor plan) and the applicable award agreements. 

 (c)    Health Care Continuation. You will be eligible for continued
medical, dental, vision and employee assistance program coverage in the plans in which you were participating on your Termination Date (the “Health Benefits”) by paying the premium contribution rates applicable to active employees
for comparable coverage, with such coverage to continue until the earlier of (A) the end of the month following 24 months after your Termination Date and (B) the date that you elect to terminate such coverage (the “Continuation
Period”). The Health Benefits shall be treated as taxable income and subject to applicable tax withholdings at the time your Severance Payment is paid to you. You may elect COBRA coverage at the conclusion of the Continuation Period. 

(d)    Outplacement Services. You shall be eligible to receive outplacement services as provided by the Company at
the Company’s expense for a period of 24 months following your Termination Date. 
  

	 	3.	Release of Claims 

 In the event your employment is terminated by the Company or
its affiliates without Cause or by you for Good Reason, as a condition of your receipt of the Severance Payment and other severance benefits provided under Section 2, you shall be required to execute the form of general
release of claims attached hereto as Exhibit A within 45 days following your Termination Date, and not subsequently revoke such release within the time period specified therein. 

 

	 	4.	Defined Terms 

 (a)    “Annual Base
Salary” means your gross annualized rate of base salary in effect as of your Termination Date, provided that such base salary shall not be less than the base salary amount in effect on the date hereof. 

(b)    “Annual Target Bonus” means the amount of your current year annual bonus at “target”
performance level, provided that such target bonus amount shall not be Jess than the target bonus amount in effect on the date hereof. 

(c)    “Cause” means (i) conviction of or pleading guilty to a felony, (ii) commission of
intentional acts of misconduct that materially impair the goodwill or business of the Company or cause material damage to its property, goodwill or business, or (iii) willful refusal or willful failure to perform material duties after written
demand to do so; provided, however, that termination of employment shall not be deemed to be for cause hereunder unless and until written notice has been delivered to you by the Company which specifically identified the cause which is the
basis of the termination and, if the cause is capable of cure. you have failed to cure or remedy the act or omission so identified within 14 calendar days after written notice of such breach. For purposes of this provision, no act or failure to act
shall he considered “willful” unless it is done, or omitted to be done, by you in bad faith or without reasonable belief that your action or omission was in the best interest of the Company. 

(d)    “Good Reason” means the occurrence of any of the following during the Protection Period (i) a
reduction in base salary or target annual cash bonus percentage opportunity from that in effect on the date hereof, (ii) assignment to a position that represents a materially diminished level of authority and responsibility with the Company
from that in effect on June 6, 2016; provided, that if you are assigned to such a position after June 6, 2016 but prior to the Merger Closing Date, the occurrence of such Good Reason circumstance shall be deemed to have first occurred on
the Merger Closing Date, (iii) a requirement by the Company that your principal location of work be relocated by more than 50 miles from its location on the date hereof, without your consent or (iv) during the Notice Period (as defined
below), you provide written notice of your intent to terminate your employment with the Company or its affiliates (for any reason) effective on the date that is 6 months after the date of such written notice, in which case your Termination Date
shall occur on the on the date that is 6 months after the date of your written notice, unless another Termination Date is mutually agreed to between you and the Company. Notwithstanding the foregoing, none of the events in clauses (i)

  
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through (iii) above shall constitute Good Reason for purposes of this letter agreement unless. (x) you provide the Company with a written notice specifying the circumstances alleged to
constitute Good Reason within 30 days after the first occurrence of such circumstances, (y) the Company fails to cure such circumstances in all material respects within 30 days following delivery to the Company of such notice and (z) your
Termination Date occurs within 30 days following the expiration of the foregoing cure period, unless another Termination Date is mutually agreed to between you and the Company, which such date shall not be later than 6 months following the date you
provided written notice to the Company. For purposes of this letter agreement, the “Notice Period” is the period commencing on July 12, 2018 and terminating on January 12, 2019. 

(f)    “Termination Date” means the effective date of your termination of employment. In the event of
your death or disability prior to the date your employment would otherwise terminate hereunder, the ‘‘Termination Date” will be the effective date of termination of your employment by reason of death or disability. 

 

	 	5.	Miscellaneous 

 (a)    Governing Law. This letter
agreement shall be construed and enforced in accordance with the laws of the State of Colorado (without reference to its conflicts of laws provisions). 

(b)    Tax Withholding. The Company may withhold from any amounts payable under this letter agreement, including
payment in cash or shares upon the vesting of equity incentive awards, such federal, state or local taxes (including, but not limited to, any social security contributions) as shall be required to be withheld pursuant to any applicable law or
regulation. 
 (c)    No Right to Continued Service. Nothing in this letter agreement shall confer any right to
continue in employment for any period or specific duration or interfere with or otherwise restrict in any way the rights of you or the Company, which rights are hereby expressly reserved by each, to terminate your employment at any time and for any
reason, with or without Cause. 
 (d)    Section 409A. 

(i)    The Company intends that that payments and benefits under this letter agreement will either comply
with or be exempt from Section 409A of the Internal Revenue Code of 1986 and the regulations and guidance promulgated thereunder (collectively “Section 409A”) and, accordingly, to the maximum extent permitted, this letter agreement
shall be interpreted to be exempt from Section 409A or in compliance therewith, as applicable. A termination of employment shall not be deemed to have occurred for purposes of any provision of this letter agreement providing for the payment of any
amounts or benefits that are considered nonqualified deferred compensation under Section 409A upon or following a termination of employment, unless such termination is also a “separation from service” within the meaning of Section 409A and
the payment thereof prior to a “separation from service” would violate Section 409A. For purposes of any such provision of the Plan or relating to any such payments or benefits, references to a “termination,” “termination of
employment,” or like terms shall mean “separation from service.” Your right to receive any installment payments pursuant to this letter agreement shall be treated as a right to receive a series of separate and distinct payments. For
purposes of this letter agreement, “disability” shall have the meaning ascribed to such term in Treasury Regulation Section 1.409A-3(i)(4). 

(ii)    If you are deemed on the date of termination to be a “specified employee” within the
meaning of that term under Section 409A, then with regard to any payment or benefit that is considered non-qualified deferred compensation under Section 409A payable on account of a “separation from
service,” such payment or benefit shall, notwithstanding any provision herein to the contrary, be made or provided at the date which is the earlier of (A) the day after the expiration of the
six-month period measured from the date of your “separation from service,” and (B) the date of your 

  
 3 

 
death (the “Delay period”). Upon the expiration of the Delay Period, all payments and benefits delayed pursuant to this paragraph (whether they would have otherwise been payable
in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to you in a lump sum and any remaining payments and benefits due under this letter agreement shall be paid or provided in accordance with the normal payment
dales specified for them herein. 
 (iii)    All reimbursements for costs and expenses under this letter
agreement, if any, shall be paid no later than the end of the calendar year following the calendar year in which you incur such expense. With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject lo liquidation or exchange for another
benefit, and (ii) the amount of expenses eligible for reimbursements or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year. 
 Thank you for your significant contributions
to the Company and your continued engagement and execution through the merger process and following the closing of the merger transaction. 
  

			
	Very truly yours,
	
	 /s/ Jerre Stead

	Jerre Stead
	Chairman and CEO

  

	
	Acknowledged and Agreed:
	
	 /s/ Todd Hyatt

	Todd Hyatt
	
	Date: July 8, 2016

  
 4EX-10.69

 Exhibit 10.69 
  

 
 Letter of Assignment for Todd Hyatt 

July 8, 2016 
 Todd Hyatt 

Chief Financial Officer 
 IHS Global Inc. 

Dear Todd, 
 Congratulations on your upcoming assignment to the
United Kingdom. Your targeted start date is subject to your receipt of a valid work permit, applicable medical clearances and our receipt from you of a signed copy of this letter. 

This Letter of Assignment does not create nor imply a contract of employment but simply seeks to confirm the conditions which pertain to your international
expatriate assignment. (Herein referred to as the “Letter”) will confirm our mutual agreement relative to the terms and conditions applicable to your international expatriate assignment with IHS (herein referred to as “the
Company”) to London, England. 
 This Letter is intended to be a summary of the terms of your assignment. This Letter may be changed from time to time
as legal requirements may dictate, new practices may require, or for other reasons at the discretion of the Company. However, it is not the intent of the Company that these changes would adversely affect you in a material way. 

 

			
	Point of Origin (Home Country)	  	United States
	Place of Assignment (Host Country)	  	United Kingdom
	Position Title	  	CFO
	Assignment Effective Date	  	September 1, 2016
	Anticipated Duration	  	Two Years

 Your base salary will remain the same and salary administration will be based on United States policies and practices. 

  
 The Source for Critical
Information and Insight 
  
  

15 Inverness Way East | Englewood, CO 80112 | USA 
 Tel: +1 303
790 0600 | Toll Free: + 1 800 525 7052 
 www.ihs.com 

 HOUSING 
 To
assist you with host country housing, IHS has secured and is directly paying rent on a corporate property in London for a period of two years effective September 1, 2016. 

Other non-rent monthly expenses as listed below will be paid by you and reimbursed in the form of a monthly allowance
paid to you through MSI Relocation Services. This allowance will be direct deposited into an account of your choosing. These expenses will be reviewed quarterly to evaluate estimate versus actual expense to determine if an adjustment in your
allowances is necessary. 
  

	 	•	 	Gas and Electric 

  

	 	•	 	Water 

  

	 	•	 	Sky TV and Broadband 

  

	 	•	 	Council Tax 

 COLA 

To assist with cost of living differences in the UK, you will receive a monthly COLA (cost of living allowance) payment. This payment will start upon the
effective month of your assignment (September 2016) and will be paid to you via MSI Relocation Services by direct deposit into an account of your choosing. This amount is based on MERCER data and will be
re-evaluated on an annual basis every July. 
 Primary Care Home Maintenance 

To assist with the care and maintenance of your primary residence in the United States, IHS will pay (via MSI) for the upkeep of your primary residence for the
duration of your assignment. The frequency and specifics of that maintenance will be determined by you during your consultation with the vendor providing the service. 

Pet Relocation 
 To assist with the transportation of your
pets (two small dogs) IHS will pay the full fee to Pet Relocation Services (via MSI) for the transportation and associated services to move two pets to London, England and back to the United States upon your return. 

Commuter/Transportation Allowance 
 IHS will provide you
with a monthly transportation allowance. This allowance is to reimburse you for public transportation. This allowance will be paid to you via MSI Relocation Services by direct deposit into an account of your choosing and will be reviewed quarterly
to evaluate estimate versus actual expense to determine if an adjustment is necessary. 
 Destination Services 

You are eligible for three days (twenty-four hours) of Destination Services in London. This service can assist you things such as setting up bank accounts,
establishing utilities, locating doctors or veterinarians and other general settling-in items. This service will be coordinated through MSI Relocation and paid by IHS directly. 

  
 The Source for Critical
Information and Insight 
  
  

15 Inverness Way East | Englewood, CO 80112 | USA 
 Tel: +1 303
790 0600 | Toll Free: + 1 800 525 7052 
 www.ihs.com 

 Miscellaneous Allowance 

A miscellaneous allowance will be paid to you at the beginning of your assignment and at the time of repatriation to the United States. Then intention of these
funds is to cover any move related expenses not covered by IHS, including deposits to set up bank accounts, utilities, meals in transit, etc. This allowance (which will be net of taxes) will be paid by MSI and can be paid in either the UK or the US
into a bank account of your choosing. 
 Shipment of Household Goods 

Upon initiation of assignment, IHS will provide shipment of household goods including packing, insurance and customs fees to London via air or surface
shipment. 
 At the time of your repatriation to the United States, IHS will provide shipment of household goods to the United States. This service will be
coordinated by MSI Relocation. 
 Storage 
 You are
eligible for storage of goods in your home location for the duration of your assignment. This benefit will be coordinated through the IHS designated relocation vendor and paid directly by IHS. 

Home Leave and Relocation Travel 
 You are eligible for
three round-trip business class airline tickets per year between the United States and the United Kingdom; these tickets may be used for you and your family to travel for home leave. 

You will be provided three one-way business class airline tickets to London at the beginning of your assignment and
for your final relocation back to the United States. In addition, you are eligible for reimbursement of any extra baggage charges. Travel should be coordinated through the IHS travel department, and subject to our corporate travel policy. 

Work Visa Sponsorship 
 IHS will sponsor you and your
family for a United Kingdom work visa. The sponsorship will be coordinated internally the Global Mobility Manager in conjunction with the UK based Emigra Immigration team. 

Health Coverage 
 Health coverage for you and your family
will be transitioned from your current Aetna plan to the Aetna International plan that offers global coverage including the U.S. For questions and concerns regarding the Aetna International plan please the Sr. Director, Global Benefits. 

Tax Equalization/Hypothetical Tax 
 During your foreign
assignment, you will be tax equalized. The intent of tax equalization is that your ultimate tax liability will be tax neutral to that which you would have paid in the US had you not received assignment-related compensation or special tax
considerations. For additional information please reference the Tax Equalization Policy Included with this letter for your reference. 
 For each of the
years 2016-2021 (as applicable), a final tax equalization calculation will be prepared to settle your international assignment tax obligations. The mechanism to ensure that you continue to bear the same level of tax involves the deduction of a
“hypothetical” home country tax. The hypothetical tax is used by the Company to settle applicable host and home country taxes. IHS will pay any taxes due over and above the hypothetical tax. For more information, please review the Tax
Equalization Policy. 

  
 The Source for Critical
Information and Insight 
  
  

15 Inverness Way East | Englewood, CO 80112 | USA 
 Tel: +1 303
790 0600 | Toll Free: + 1 800 525 7052 
 www.ihs.com 

 Tax Consultation 

IHS will assign a professional tax consultant to assist you with your tax preparation and returns in both the home and host countries for tax years 2016-2021
(as applicable). The tax support continues past the end of your assignment as you may be in receipt of trailing income which could relate to the period you were assigned to the UK. This will be explained in more detail during your pre assignment
meeting with the tax consultant. 
 Acceptance of this Letter indicates your willingness to work with PwC and provide them with necessary information to
complete your tax returns and calculate the tax equalization. If you do not provide this information in a timely manner and tax penalties are incurred due to this delinquency, you will be personally responsible for paying the tax penalties. IHS will
not pay or reimburse these penalties for you. The tax ramifications of your international assignment require careful record keeping as well as timely submission of data. You are expected to comply with your responsibilities under the agreement and
to submit requested data timely so that any assignment related reimbursements and tax equalization payments are treated as 409A exceptions. These responsibilities include the timely submission of any reimbursement requests (within 30 days) and/or to
provide any personal information required for the tax equalization calculation on a timely basis (soon after the close of the year). 
 Conflict of
Interest 
 By accepting this international assignment, you understand and agree that you will not engage in any employment or business enterprise that
would in any way conflict with the interests of IHS Markit and/or IHS Markit affiliated companies. We recommend that you refrain from any political activity while outside of the US. 

Business Conduct and Ethics 
 While on assignment, the
Company expects the highest standards of business and personal integrity. As an ambassador of the Company, the Company’s reputation depends on you exercising sound judgment in your behavior. 

Term of Assignment 
 The anticipated term of this
assignment is September 1, 2016 through August 30, 2018. 
 Termination 

In the event you are involuntarily terminated by the Company prior to completion of the international assignment, you will be covered under the applicable
severance policy, if any. You and your family members will be repatriated to the US, based on the provisions of the IHS expatriate program. 
 In the event
you voluntarily terminate, there is no obligation on the part of the Company to return you to the US. 
 We request that you acknowledge receipt of this
Letter and agreement to the terms of this Letter with your signature below. 
 Sincerely, 

/s/ Jerre Stead 
 Jerre Stead 

Chairman and CEO 
  

									
	Acknowledged:	 	 /s/ Todd Hyatt
	 		 	Date:	 	 7/7/16

		 	Todd Hyatt	 		 		 	

  
 The Source for Critical
Information and Insight 
  
  

15 Inverness Way East | Englewood, CO 80112 | USA 
 Tel: +1 303
790 0600 | Toll Free: + 1 800 525 7052 
 www.ihs.com

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