Document:

Form of 2009 Stock Unit Award Terms and Conditions

 Exhibit 10(ii) 
 TERMS AND CONDITIONS 
 2009 STOCK UNIT AWARD 
 UNDER THE AMENDED AND RESTATED 
 NORTHERN TRUST CORPORATION 2002 STOCK PLAN 
 Your Stock Unit Award is subject to the provisions of the Amended and Restated Northern Trust
Corporation 2002 Stock Plan (the “Plan”), the Stock Unit award notice (the “Award Notice”), and this Terms and Conditions document (“Terms and Conditions”). The Award Notice and these Terms and Condition constitute the
“Stock Unit Agreement” as defined in the Plan. If there is any conflict between the information in the Stock Unit Agreement and the Plan, the Plan will govern. Capitalized terms not defined in the Stock Unit Agreement shall have the
meanings assigned to them in the Plan. 
  

	1.	Grant. The Corporation hereby grants to the Participant an Award of Stock Units, as set forth in the Award Notice, subject to the terms and conditions of the Plan and
the Stock Unit Agreement. A Stock Unit is the right, subject to the terms and conditions of the Plan and the Stock Unit Agreement, to receive a distribution of a share of Common Stock pursuant to Paragraph 8 of these Terms and Conditions.

  

	2.	Stock Unit Account. The Corporation shall maintain an account (“Stock Unit Account”) on its books in the name of the Participant which shall reflect the
number of Stock Units awarded to the Participant that the Participant is eligible to receive in distribution pursuant to Paragraph 8 of these Terms and Conditions. 

  

	3.	Dividend Equivalents. Upon the payment of any dividend on Common Stock occurring during the period preceding the distribution of the Participant’s Stock Unit
award pursuant to Paragraph 8 of these Terms and Conditions, the Corporation shall promptly (and in any event no later than March 15 of the calendar year following the calendar year in which the dividend is declared) pay to the Participant an
amount in cash equal in value to the dividends that the Participant would have received had the Participant been the actual owner of the number of shares of Common Stock represented by the Stock Units in the Participant’s Stock Unit Account on
that date (“Dividend Equivalents”). 

  

	4.	Forfeiture. The Stock Units granted to the Participant pursuant to the Stock Unit Agreement shall be forfeited and revert to the Corporation if (a) the
Participant violates any provision of Paragraph 10 of these Terms and Conditions, or (b) except as described in Paragraphs 5, 6, and 7 and of these Terms and Conditions, the Participant’s employment with the Corporation or any of its
Subsidiaries terminates prior to the expiration of the Vesting Period described in Paragraph 5. 

  

	5.	 Vesting. Subject to Paragraphs 4, 6, 7 and 10, the Participant shall become vested in the Stock Units upon the vesting dates specified, and in
accordance with the vesting schedule set forth, in the Award Notice. If the Participant’s employment with the Corporation and 

  

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its Subsidiaries terminates for any reason prior to the end of the period ending on the latest vesting date set forth in the Award Notice (“Vesting
Period”), the Stock Units in the Participant’s Stock Unit Account that have not yet vested and do not become vested under Paragraph 6 or have not become vested under Paragraph 7, shall be forfeited and revert to the Corporation on such
termination date, and the Corporation shall have no further obligation after such date to pay Dividend Equivalents pursuant to Paragraph 3 of these Terms and Conditions with respect to such forfeited Stock Units. The Corporation shall have no
further obligation to the Participant under these Terms and Conditions following the Participant’s forfeiture of Stock Units. 

  

	6.	Prorated Vesting. 

  

	 	(a)	The Participant shall cease to participate in the Plan under these Terms and Conditions as of the date of the Participant’s death, Disability, Retirement or termination of
employment, subject to the following: 

  

	 	(b)	If the Participant’s death, Retirement or Disability occurs prior to the end of the Vesting Period, or, if prior to the end of the Vesting Period, the Participant’s
employment with the Corporation and its Subsidiaries is terminated under circumstances that entitle the Participant to severance benefits under the Northern Trust Corporation Severance Plan (the “Severance Plan”) and the Participant has
timely executed and not revoked a settlement agreement, waiver and release under the Severance Plan (a “Release”), then, on such date of death, Retirement, Disability or termination of employment, the Participant shall have credited and be
deemed vested in a pro-rated number of unvested Stock Units, determined by multiplying the number of the Participant’s Stock Units that were unvested immediately prior to the date of the Participant’s death, Retirement, Disability, or
termination of employment and that would have become vested and distributable to the Participant if the Participant had participated in the Plan for the full Vesting Period, by a fraction, the numerator of which is the number of full calendar months
of the Participant’s actual participation in the Plan under these Terms and Conditions during the Vesting Period, and the denominator of which is the number of full calendar months in the Vesting Period, in all cases as determined by the
Committee or the Executive Vice President of Human Resources. 

  

	 	(c)	 If, prior to the end of the Vesting Period, the Participant’s employment with the Corporation and its Subsidiaries terminates and (i) the Participant is a
Management Group member on the date of the grant of the Stock Units, (ii) the Participant is 55 years or older on the date of such termination of employment, and (iii) the Participant does not violate any provision of Paragraph 10 of these
Terms and Conditions during the Vesting Period, then, upon each remaining vesting date in the Vesting Period set forth in the Award Notice, the Participant shall have credited and be deemed vested in a pro-rated number of unvested Stock Units,
determined by multiplying the number of Stock Units that would have become vested and distributable to the Participant on such vesting date if the Participant had participated in the Plan for the full Vesting Period, by a fraction, the numerator of
which is the number of full calendar months of the Participant’s 

  

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actual participation in the Plan under these Terms and Conditions during the Vesting Period, and the denominator of which is the number of full calendar
months in the Vesting Period, in all cases as determined by the Committee or the Executive Vice President of Human Resources. 

  

	 	(d)	For purposes of these Terms and Conditions, “Retirement” means retirement occurring by reason of the Participant having qualified for a Normal, Early, or Postponed
Retirement under The Northern Trust Company Pension Plan. 

 For purposes of these Terms and Conditions, “Disability”
means a disability that continues for a period of six (6) months in accordance with The Northern Trust Company’s Managed Disability Program. For purposes of determining the date, if any, on which a Participant becomes vested under
Paragraph 6(b) on account of Disability, the date of Disability shall be the last day of the six month period described in the preceding sentence. 
  

	7.	Vesting Upon a Change in Control. A Participant who is employed by the Corporation or any of its Subsidiaries upon the date of a Change in Control shall become 100%
vested in his Stock Units upon the date of such Change in Control. 

  

	8.	Distribution. Except as provided below in Paragraph 9, 

  

	 	 (a)
	 In the case of Stock Units that become vested upon a vesting date within the Vesting Period pursuant to Paragraph 5 or
Paragraph 6(c), such Stock Units shall be distributed on such vesting date, provided that such Stock Units shall be treated as distributed on such vesting date if they are distributed no later than the last day of the calendar year in which such
vesting date occurs, or, if later, by the 15th day of the third calendar month after such vesting date occurs, subject to and in accordance with the
provisions of Treasury Regulation Section 1.409A-3(d), including without limitation the requirement that the employee shall in no event have the right directly or indirectly to designate the taxable year of payment.

  

	 	(b)	In the case of Stock Units that become vested prior to the expiration of the Vesting Period upon an individual’s Retirement, Disability or termination of employment in the
circumstances described in Paragraph 6(b) (“distribution event”), with the number of unvested Stock Units that become vested on such distribution event determined in accordance with Paragraph 6 of these Terms and Conditions, distribution
shall be made, as soon as practicable, but no later than 90 days, after such distribution event, subject to and in accordance with the provisions of, Treasury Regulation Section 1.409A-3(a), including without limitation the requirement that the
employee shall in no event have the right directly or indirectly to designate the taxable year of payment, and subject to the provisions of Section 14(d) of the Plan. Notwithstanding anything herein to the contrary, a Participant shall in no
event be eligible for a distribution on account of Retirement, Disability, or termination of employment unless the Participant incurs a “Separation from Service”, as defined in the Plan. 

  

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	 	(c)	In the case of Stock Units that become vested prior to the expiration of the Vesting Period upon a Participant’s death pursuant to Paragraph 6(b), with the number of unvested
Stock Units that become vested on death determined in accordance with Paragraph 6 of these Terms and Conditions, distribution shall be made to the Participant’s beneficiary as soon as practicable, but no later than 90 days, after the
Participant’s death, subject to and in accordance with the provisions of Treasury Regulation Section 1.409A-3(a), including without limitation the requirement that the beneficiary shall in no event have the right directly or indirectly to
designate the taxable year of payment. Such distribution shall be made to such beneficiary and in such proportions as the Participant may designate in writing, and in the absence of a designation, the Participant’s beneficiary shall be one of
the following persons determined in the order provided below: 

  

	 	•	 	 The Participant’s spouse; if none, then, 

  

	 	•	 	 The Participant’s children (in equal amounts); if none, then, 

  

	 	•	 	 The Participant’s parents (in equal amounts); if none, then, 

  

	 	•	 	 The Participant’s brothers and sisters (in equal amounts); if none, then, 

  

	 	•	 	 The Participant’s estate. 

 In
the event of the Participant’s death after the expiration of the Vesting Period but prior to full distribution of the Stock Units pursuant to these Terms and Conditions, the Participant’s Stock Units shall be distributed, within the period
described in clause (a) above, to the Participant’s beneficiary determined in accordance with the foregoing provisions of this clause (c) of Paragraph 8. 
  

	 	(d)	In the case of Stock Units that become vested as a result of a Change in Control, the Participant shall not be entitled to a distribution of such Stock Units upon such Change in
Control. Instead, any Stock Units that become vested as a result of a Change in Control shall be distributed only upon the date, or the occurrence of the event upon which, distribution would have been made in the absence of such Change in Control.

  

	 	(e)	Stock Units shall be distributed only in shares of Common Stock so that, pursuant to Paragraph 1 of these Terms and Conditions and this Paragraph 8, a Participant shall be entitled
to receive one share of Common Stock for each Stock Unit in the Participant’s Stock Unit Account. 

  

	9.	 Mandatory Deferral. An amount that would otherwise be distributed hereunder in a given calendar year may be delayed, in accordance with
Section 14(c) of the Plan, to the extent that the Committee reasonably anticipates that if the payment were made as scheduled the Corporation’s deduction with respect to such payment would not be permitted due to the application of
Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”). Amounts not paid as a result of the above limitation shall be paid in the earlier of (a) the Corporation’s first taxable year in which the
Committee reasonably anticipates that if the payment is made during such year the deduction of such payment will not be barred by Code Section 162(m), or (b) the period beginning with the date of the Participant’s Separation from
Service and ending on the later of the last day of 

  

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the taxable year of the Corporation in which the Participant incurs a Separation from Service or the 15th day of the third month following the Participant’s Separation from Service, subject to such further delay, if any, as required by Section 14(d) of the Plan.

  

	10.	Restricted Activity. Notwithstanding anything to the contrary in these Terms and Conditions, the Participant’s Stock Units (whether vested or unvested) shall be
forfeited and the Corporation shall have no obligation to distribute the Stock Units to the Participant (or the Participant’s beneficiary) pursuant to Paragraph 8, or to pay any Dividend Equivalents pursuant to Paragraph 3, if the Participant,
without the written consent of the Corporation: 

  

	 	(a)	at any time after the date of these Terms and Conditions, has divulged, directly or indirectly, or used, for the Participant’s own or another’s benefit, any Confidential
Information; or 

  

	 	(b)	at any time after the date of these Terms and Conditions and through a period of twelve (12) months after the Participant ceases to be employed by the Corporation and its
Subsidiaries for any reason, has Solicited, or assisted in the Solicitation of, any Client or Prospective Client; provided, however, this clause (b) shall not prohibit the Participant’s Solicitation of any Client or Prospective Client with
whom he or she had a business relationship prior to the start of his or her employment with the Corporation and its Subsidiaries, provided no Confidential Information, directly or indirectly, is used in such Solicitation [Alternative clause
(b) for California employees only: [(b) except as authorized by the Corporation in the course of the Participant’s duties for the Corporation: (i) has used or referred to any Confidential Information in order to provide, or
directly assist in the provision of, any Competitive Services or Products to any Client or Prospective Client (as defined below); (ii) has used or referred to any Confidential Information in order to Solicit, or directly assist in the
Solicitation of, any Client or Prospective Client; or] 

  

	 	(c)	at any time after the date of these Terms and Conditions and through a period of twelve (12) months after the Participant ceases to be employed by the Corporation and its
Subsidiaries for any reason, has solicited, encouraged, advised, induced or caused any employee of the Corporation or any of its Subsidiaries to terminate his or her employment with the Corporation or any of its Subsidiaries, or provided any
assistance, encouragement, information, or suggestion to any person or entity regarding the solicitation or hiring of any employee of the Corporation or any of its Subsidiaries; 

 If the Participant shall have so engaged in any such activity described in clauses (a), (b), or (c) above without the written consent of the
Corporation, the Participant’s Stock Units (whether vested or unvested) shall be forfeited to the Corporation by notice in writing to the Participant within a reasonable period of time after the Corporation acquires knowledge of the
Participant’s violation of this Paragraph 10. In addition, any failure by the Participant to comply with this Paragraph 10 shall entitle the Corporation, as determined by the Committee in its sole discretion, to rescind any exercise, payment or
delivery with respect to any Stock Units occurring within twelve (12) months prior to, or 

  

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at any time following, the date of the Participant’s termination of employment for any reason (including but not limited to termination of employment
due to Retirement or Disability). Upon any such rescission, (1) the Participant shall immediately pay to the Corporation the amount of any gain realized or payment received, and (2) the Participant shall immediately forfeit to the
Corporation any shares of the Corporation’s Common Stock received, in each case as a result of the rescinded exercise, payment or delivery with respect to any Stock Units, in such manner and on such terms and conditions as the Committee shall
require, and the Corporation shall be entitled, as permitted by applicable law, to deduct from any amounts the Corporation owes the Participant from time to time the amount of any such gain realized or payment received. “Gain realized”
shall be determined by the Committee in its sole discretion. 
 11. Delivery of Shares. The Corporation may delay the issuance or delivery of
shares of Common Stock if the Corporation reasonably anticipates that such issuance or delivery will violate federal securities laws or other applicable law, provided that the issuance or delivery is made at the earliest date at which the
Corporation reasonably anticipates that such issuance or delivery will not cause such violation. 
 12. Adjustment. The Stock Units provided
herein are subject to adjustment in accordance with the provisions of Section 11 of the Plan. 
 13. No Right to Employment. Nothing in
the Plan or the Stock Unit Agreement shall be construed as creating any right in the Participant to continued employment or as altering or amending the existing terms and conditions of employment of the Participant except as otherwise specifically
provided in the Stock Unit Agreement. 
 14. Nontransferability. No interest hereunder of the Participant is transferable except as provided in
the Stock Unit Agreement. 
 15. Withholding/Delivery of Shares. All distributions hereunder are subject to withholding by the Corporation for
all applicable federal, state or local taxes. With respect to distributions in shares of Common Stock, subject to such rules and limitations as may be established by the Committee from time to time, such withholding obligations shall be satisfied by
one of the following methods elected by the Participant: (i) by cash payment by the Participant; (ii) through the surrender of shares of Common Stock already owned by the Participant that are acceptable to the Committee; or
(iii) through surrender of shares of Common Stock to which the Participant is otherwise entitled under the Plan, provided, however, that such shares under this clause (iii) may be used to satisfy not more than the Corporation’s
minimum statutory withholding obligation (based on minimum statutory withholding rates for Federal and state tax purposes, including payroll taxes, that are applicable to such taxable income). Payment of federal income taxes may be accomplished
through a combination of withholding of shares and delivery of previously acquired shares. 
 16. Administration. The Plan is administered by
the Committee. The rights of the Participant hereunder are expressly subject to the terms and conditions of the Plan (including continued shareholder approval of the Plan), together with such guidelines as have been or may be adopted from time to
time by the Committee. The Participant hereby acknowledges receipt of a copy of the Plan. 
  

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 17. No Rights as Shareholder. Except as provided herein, the Participant will have no rights as a
shareholder with respect to the Stock Units. 
 18. Interpretation. Any interpretation by the Committee of the terms and conditions of the
Plan, the Stock Unit Agreement or any guidelines shall be final. The Stock Unit Agreement shall be construed under the laws of the State of Illinois without regard to the conflict of law provisions of any state. 
 19. Sole Agreement. The Stock Unit Agreement, together with the Plan, is the entire Agreement between the parties hereto, all prior oral and written
representations being merged herein. No amendment or modification of the terms of the Stock Unit Agreement shall be binding on either party unless reduced to writing and signed by the party to be bound. The Stock Unit Agreement shall be binding
upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors. Notwithstanding anything in the Stock Unit Agreement to the contrary, including without limitation the foregoing provisions of this Paragraph
19, in the event that the Committee determines that the Stock Unit Award, or the performance by the Corporation of any of its obligations under the Stock Unit Agreement, would violate any applicable law, the Stock Units shall be forfeited to the
Corporation and cancelled, and the Corporation shall have no obligation to distribute the Stock Units to the Participant or the Participant’s Beneficiary or to pay any Dividend Equivalents. 
 20. Definitions. As provided above, capitalized terms not defined in the Stock Unit Agreement shall have the meanings assigned to them in the Plan. For
purposes of the Stock Unit Agreement: 
  

	 	(a)	“Client” means any person or entity with which the Corporation, or any of its Subsidiaries, did business and with which the Participant had contact, or about which the
Participant had access to Confidential Information, during the last twelve (12) months of his or her employment. 

  

	 	(b)	“Competitive Service or Product” means any service or product: (i) that is substantially similar to or competitive with any service or product that the Participant
created or provided, or of which the Participant assisted in the creation or provision, during his or her employment by the Corporation or any of its Subsidiaries; or (ii) about which the Participant had access to Confidential Information
during his or her employment by the Corporation or any of its Subsidiaries. 

  

	 	(c)	 “Confidential Information” means any trade secrets or other information, including, but not limited to, any client information (for example, client lists,
information about client accounts, borrowings, and current or proposed transactions), any internal analysis of clients, marketing strategies, financial reports or projections, business or other plans, data, procedures, methods, computer data or
system program or design, devices, lists, tools, or compilation, 

  

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which relate to the present or planned business of the Corporation or any of its Subsidiaries and which has not been made generally known to the public by
authorized representatives of the Corporation. 

  

	 	(d)	“Prospective Client” means any person or entity to which the Corporation, or any of its Subsidiaries, provided, or from which the Corporation, or any of its Subsidiaries
received, a proposal, bid, or written inquiry (general advertising or promotional materials and mass mailings excepted) and with which the Participant had contact, or about which the Participant had access to Confidential Information, during the
last twelve (12) months of his or her employment. 

  

	 	(e)	“Solicit” and “Solicitation” (with respect to Clients or Prospective Clients) mean directly or indirectly, and without the Corporation’s written
authorization, to invite, encourage, request, or induce (or to assist another to invite, encourage, request or induce) any Client or Prospective Client of the Corporation, or any of its Subsidiaries, to: (i) surrender, redeem or terminate a
product, service or relationship with the Corporation, or any of its Subsidiaries; (ii) obtain any Competitive Service or Product from the Participant or any third party; or (iii) transfer a product, service or relationship from the
Corporation, or any of its Subsidiaries, to the Participant or any third party. 

 Dated:
                        , 2009 
 CH1\5384378.3 
  

 -8-Form of Non-Solicitation Agreement and Confidentiality Agreement

 Exhibit 10(iii) 
 NON-SOLICITATION AND 
 CONFIDENTIALITY AGREEMENT 
 In consideration of my employment and/or continued employment with the Company (as defined below), the Confidential Information to which the Company will afford me
access, all payments to me (including all compensation and compensation increases provided to me), all benefits provided to me in connection with my promotion to officer (if I have been notified that I will be formally recommended for a promotion to
officer), and the training that the Company will provide to me, as well as other good and valuable consideration, the sufficiency of which I hereby acknowledge, I agree as follows: 
  

	A.	Confidential Information: 

  

	 	1.	I agree and acknowledge: (a) that in the course of and as a consequence of my employment with the Company and because of the nature of my responsibilities I will have access to
and will be entrusted with Confidential Information (as defined below) concerning the Company’s business; (b) that I will occupy a position of trust and confidence with respect to such Confidential Information; (c) that the Company
entrusts me with Confidential Information in reliance on a confidential relationship arising out of my employment with the Company and my execution of this Agreement; and (d) that such Confidential Information that I may acquire or to which I
may have access is of great value to the Company. 

  

	 	2.	I will not, during my employment or thereafter, remove or transfer physically, electronically or in any other way any Confidential Information (or any copy thereof) from premises or
property owned, used or leased by the Company, except: (a) as is required in the course of my duties for the Company and as is necessary for me to perform my duties; or (b) if I have received advance written consent from an authorized
Executive Vice President of the Company. Upon any termination of my employment, all documents and electronic files containing Confidential Information (including all copies) and all Company property will be turned over immediately to my manager or
other designee at the Company, and I shall retain no copies thereof. 

  

	 	3.	I agree that, during the course of my employment with the Company and after I cease to be employed by the Company for any reason, I will not, directly or indirectly, for my own or
another’s benefit, use, make known or divulge any Confidential Information, except: (a) as is required in the course of my duties for the Company and as is necessary for me to perform my duties; or (b) if I have received advance
written consent from an authorized Executive Vice President of the Company. 

  

	B.	Competitive Restrictions: 

  

	 	1.	I agree that, during my employment with the Company, I will not directly or indirectly, nor will I assist anyone else to, engage in any activity that is competitive with the Company
or any of its subsidiaries or affiliates. 

  

					
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	 	2.	I agree that, during my employment with the Company and for a period of twelve (12) months after I cease to be employed by the Company for any reason, I will not, directly or
indirectly, except as authorized by the Company in the course of my duties for the Company: (a) provide, or directly assist in the provision of, any Competitive Services or Products to any Client or Prospective Client (as defined below);
(b) Solicit, or directly assist in the Solicitation of, any Client or Prospective Client; or (c) solicit, encourage, advise, induce or cause any Restricted Person (as defined below) to terminate his or her employment or engagement with the
Company, nor provide any assistance, encouragement, information, or suggestion to any person or entity regarding the solicitation or hiring of any Restricted Person. 

  

	 	3.	I acknowledge that my duties for the Company are not confined to any specific geographic area. Rather, my duties pertain to particular clients, and the identities and locations of
these particular clients may change from time to time. I therefore agree that the restrictions in this Agreement attach to my conduct in any country where the Company has carried out business in which I have been materially involved or concerned and
with respect to Clients and Prospective Clients wherever they may be located during the twelve (12) month period after I cease to be employed by the Company. 

  

	 	4.	Nothing in this Agreement shall prohibit my Solicitation of or my providing Competitive Services or Products to any Client or Prospective Client with whom I can demonstrate that I
had a business relationship prior to the start of my employment with the Company, provided that no Confidential Information is used, directly or indirectly, in connection with that Solicitation or provision of Competitive Services or Products.

  

	 	5.	If my employment with the Company lasts for less than twelve (12) months, the time period of the competitive restrictions provided for in this section shall be reduced to be
equal to the number of months that I was employed by the Company. 

  

	 	6.	Nothing in this Agreement is intended to prevent me from seeking or accepting employment with any other financial services institution, bank, trust company, brokerage firm, or other
competing entity after the termination of my employment with the Company, so long as such employment does not violate the restrictions of this Section B. 

  

	C.	Work Product: 

  

	 	1.	 Any work product, inventions, methods, processes, software, procedures, improvements, property, data, documentation, information or materials that are prepared,
conceived, discovered, reduced to practice, developed or created by me, either jointly or severally, during, in connection with, for the purpose of, related to, or as a result of any work I performed for the Company, the business of the Company, or
the Company’s actual or demonstrably anticipated research or 

  

					
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development (the “Work Product”) shall be owned exclusively and perpetually by the Company. I agree to disclose promptly all Work Product to the
Company. I hereby unconditionally and irrevocably transfer and assign to the Company all right, title and interest (including all patent, copyright, trade secret and any other intellectual property rights) that I currently have (or in the future may
have) by operation of law or otherwise in or to any Work Product. I acknowledge that all Work Product that may be copyrighted shall be deemed, to the extent permitted by law, “works made for hire” as defined in the U.S. Copyright Act, 17
U.S.C.A. §101 et seq., I agree to waive all rights (including “moral rights”) in all Work Product, and I further agree to and hereby assign to the Company all of my right, title and interest (including copyright) in the Work Product.
Nothing in this Agreement shall be construed to grant the Company any interest in materials that I prepared, conceived, discovered, reduced to practice, developed and created entirely on my own time and for which no equipment, supplies, facilities,
resources, or trade secret information of the Company was used, unless those materials relate to the Company’s business (including the Company’s actual or demonstrably anticipated research or development) or result from any work that I
performed for the Company. 

  

	 	2.	To the extent that any document or other filing can be prepared or filed in order to perfect, evidence or register any transfer as referenced in paragraph C.1 above, then I will, at
the cost of the Company, sign and otherwise assist with any such document or filing (and any steps related thereto) as the Company considers desirable. 

  

	D.	Definitions: For purposes of this Agreement: 

  

	 	1.	“Company” means The Northern Trust Company, its successors, and any and all subsidiaries or other affiliates (or any of their successors) as to which I perform services,
or have access to Confidential Information, during my employment. For purposes of this Agreement, the term “affiliate” means any entity that owns or controls, is owned or controlled by, or that is owned or under common control with The
Northern Trust Company. 

  

	 	2.	“Competitive Service or Product” means any service or product that satisfies both of the following criteria: (a) is the same or substantially similar to or
competitive with any service or product that the Company provided to its clients during my employment by the Company, and (b) is one as to which I had active involvement or access to Confidential Information during my employment by the Company.

  

	 	3.	 “Client” means any person or entity to which the Company provided Competitive Services or Products, and with which I had contact or about which I had
access to Confidential Information, during the last twenty-four (24) months of my employment. “Prospective Client” means any person or entity to which the Company provided, or from which the Company received, a proposal, bid, or
written inquiry (general advertising or promotional materials and mass mailings excepted) for the Company to provide Competitive Services or Products and with 

  

					
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which I had contact, or about which I had access to Confidential Information, and with whom the Company has been engaged in negotiations, during the last
twelve (12) months of my employment. “Client” shall not include any person or entity that acted only as a referral source for the Company during the last twelve (12) months of my employment. 

  

	 	4.	“Solicit” and “Solicitation” (with respect to Clients or Prospective Clients) mean directly or indirectly, and without the Company’s written authorization,
to invite, encourage, request, or induce (or to assist another to invite, encourage, request or induce) any Client or Prospective Client to: (a) surrender, redeem or terminate a product, service or relationship with the Company; (b) obtain
any Competitive Service or Product from me or any third party; or (c) transfer a product, service or relationship from the Company to me or any third party. 

  

	 	5.	“Confidential Information” means all information regarding the clients of the Company, or regarding the current or planned business of the Company, which has not been made
generally known to the public by authorized representatives of the Company, whether created or supplied to me by the Company or compiled by me in the course of my duties for the Company, including but not limited to: (a) client information,
such as client lists (in any form) and other non-public personal, business, financial, or other information regarding the clients or prospective clients of the Company, such as the identities of clients and prospective clients (including names,
addresses, phone numbers, email addresses, and social security numbers or other government-issued identification numbers), information regarding clients’ accounts, their borrowings, their financial needs, their current or proposed transactions,
their investment preferences and/or history, contract terms, client files, all internal analyses of clients and/or their accounts or investments, and all other information regarding clients that the client or applicable law designates as private or
confidential; (b) financial information, such as financial plans, reports, and forecasts; earnings figures; and profitability information; (c) corporate strategies, and business, marketing and/or strategic plans; (d) business
procedures and methods, computer data, software, and systems designs of the Company; (e) all personnel files and information and any lists of employees, vendors, or independent contractors of the Company; and (f) all information for which
the Company has a legal or contractual obligation to treat as confidential. Confidential Information does not include information that has become available to the public generally (other than as a result of any breach by me of any obligation owed by
me to the Company). 

  

	 	6.	“Restricted Person” means any person who provided services to the Company (whether as an employee, agent, independent contractor, or otherwise) within the last six
(6) months of my employment with the Company, and with whom I had business-related contact, about whom I had access to confidential personnel information, or for whom I had direct or indirect supervisory responsibility, during my employment
with the Company. 

  

					
		  	4	  	 NSA - US - General
 12/08

	E.	Notice and Other Agreements: 

  

	 	1.	If for any reason I decide to voluntarily resign from the Company, I acknowledge that the Company requests that I provide at least ten (10) business days’ (two
(2) weeks’) written notice of my intention to leave, the date I want to leave, and (as soon as I know it) the name of my next employer, with a description of what my expected position will be. I agree that the Company may contact my new
employer regarding my obligations under this Agreement. The Company may, in its sole discretion, remove me from my assigned duties, assign me to other duties, or require me to remain away from its offices, during all or any part of the notice
period. Also, the Company may, in its sole discretion, waive all or any part of the applicable notice period and consider my termination effective on any such earlier date as it may determine. This Agreement does not constitute a commitment for any
definite period of employment and my employment at all times is and will continue to be for an unspecified duration and constitutes “at will” employment, unless stated otherwise in a written agreement signed by an Executive Vice President
or above. 

  

	 	2.	I recognize that the restrictions set forth in this Agreement are reasonable in scope, including as to time, geography, and the nature of the activities they prohibit, and that they
are necessary in order to protect the legitimate interests of the Company. I further recognize that the Company will suffer immediate and irreparable harm as the result of any breach of such restrictions and that monetary damages will not be
adequate to compensate the Company for such breach. I understand that the Company may seek injunctive relief, in addition to monetary damages, to enforce those restrictions. In the event that the Company shall successfully enforce any part of this
Agreement through legal proceedings, I agree to pay the Company all costs and attorneys’ fees reasonably incurred by it in that endeavor. In the event that I am found to have breached any of the restrictions in this Agreement, the twelve
(12) month time period provided for shall be deemed tolled (i.e., it will not run) for so long as I was in violation of that restriction. 

  

	 	3.	If any one or more of the provisions contained in this Agreement shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, it shall be limited, modified
and construed in accordance with applicable law as it then shall appear, and if such modification does not or cannot occur, then the provision in question shall be severed, this Agreement shall be construed as if such invalid, illegal, or
unenforceable provision had never been contained herein, and the remainder of this Agreement shall be enforceable and binding upon the parties. 

  

	 	4.	I understand and acknowledge that if I transfer positions or locations between or among Northern Trust Corporation subsidiaries or affiliates, I may be required to sign another,
substantially similar Non-Solicitation and Confidentiality Agreement. I agree that the Company may assign this Agreement, and I hereby consent to such assignment and to the enforcement of this Agreement by the Company’s successors and assigns.
This Agreement and the rights and obligations of the Company and I hereto shall bind and inure to the benefit of any successor or successors of the Company, but neither this Agreement nor any rights or benefits hereunder may be assigned by me.

  

					
		  	5	  	 NSA - US - General
 12/08

	 	5.	This Agreement is intended to supersede the provisions of any employment agreement or other agreement that I may have previously entered into with the Company regarding the subject
matters described in this Agreement, but this Agreement will not supersede the terms and conditions of any agreement pertaining to any equity award that I may previously have received. 

 My signature below or my electronic acknowledgment indicates my agreement to the above terms. I hereby acknowledge that I have read, understood, accept, and agree to the
above terms. 
  

					
		  	6	  	 NSA - US - General
 12/08

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