Document:

EX-10.66

 Exhibit 10.66 

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 Lance Uggla by
Markit Group Limited (the “Company”). This statement replaces and supersedes your existing contract of employment with the Company dated January 1, 2003 (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
Chairman and Chief Executive Officer 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. Your continuous employment date is 31 July 1995. 

 

	 	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 £450,000 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	Beyond your initial basic salary, subject to annual review, you will continue to receive the following perquisites, subject to any applicable statutory deductions: 

 

	 	•	 	Housing allowance to a maximum of £12,090 post-tax per month 

  

	 	•	 	Car allowance to a maximum of £7,300 per annum 

  

	 	•	 	Annual dining club membership to a maximum of £4,000 per annum 

  

	 	•	 	Annual completion of UK personal tax return by a professional tax advisor to be paid on a post-tax basis 

  

	 	•	 	Annual home leave consisting of one business class return air ticket to Canada per annum for you, your wife and children (through age 21) 

 

	 	2.4	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. 

  

	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. 

  

	 	4.3	In 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. 

  

	 	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. 

 

	7.	Incapacity for Work 

  

	 	7.1	If you are absent from work for any reason you must notify Human Resources 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 12 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: 

  

	 	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. 

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 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.

  

	 	9.1.3	in the event of either clause 9.1.1 or 9.1.2, the perquisites listed in clause 2.3 and in effect at the time of termination of your employment will continue for the corresponding severance period as calculated in either
situation above. 

 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 10 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 (that are subject to change from time to time) set forth in Schedule A (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; 

“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 in the Prohibited Area and in competition with the Company or any Group Company [engage, assist or be interested in any undertaking]6 which provides, or is about to provide, Services; 

  

	 	10.2.2	for 12 months following the Termination Date 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 12 months following the Termination Date and in competition with the Company or any Group Company deal with or otherwise accept the custom of any Customer; 

 

	 	10.2.4	for 12 months following the Termination Date 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 12 months following the Termination Date 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 12 months following the Termination Date 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. 

  

	 	10.3	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. 

  

	 	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 11 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. 

	 	11.1	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) 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 required to be established by the Company 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. 

  

	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). 

  

	 	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. 

 

					
	Signed as a deed by:	 		 	
			
	 /s/ Lance Uggla
	 		 	 July 21, 2014

	Lance Uggla	 		 	Date
			
	In the presence of:	 		 	
			
	 /s/ Signature illegible
	 		 	 July 21, 2014

	Name / Signature	 		 	Date
			
	Signed on behalf of Markit Group Limited by:	 		 	
			
	 /s/ Rajeen Syal
	 		 	 July 21, 2014

	 Rajeen Syal
 Global Head HR
	 		 	Date

 Schedule A 

Competitive Businesses 
  

	☐	Advent 

  

	☐	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 CorporationEX-10.67

 Exhibit 10.67 
  

			
	

	  	The Source for Critical Information and InsightTM

 Thursday, October 31, 2013 

Dear Todd, 
 In connection with your promotion to EVP &
CFO, reporting to Scott Key, President & CEO, please find the details (or employment terms) related to your new role below. 

1.    Compensation 
 Your salary for
this full-time, exempt position will be $430,000 per annum effective November 1, 2013, payable in bi-weekly installments. You will be eligible to participate in the 2015 fiscal year merit program,
at which time you will receive a year end performance review for 2014 and you may be eligible to receive a merit increase commensurate with your performance rating and based on management’s discretion. 

2.    Annual Incentive Plan 

You will be eligible to participate in the 2014 fiscal year IHS Annual Incentive Plan as modified by IHS, in its business judgment, from time-to-time. Your new target bonus percent will be 75% of your base salary. Your bonus payout will be based on actual business results. You must be employed by IHS on
the date of payout, which will be no later than February 15th of the next Fiscal Year, to be eligible to receive any bonus monies. 

3.    Vacation 
 As a senior executive
of IHS you will continue to be eligible for 25 days of vacation. 
 4.    Long-Term Incentive Program (LTI)

 You will be eligible to participate in the Long-Term Incentive Program on an annual basis as modified by IHS in its business judgment, from time to time.

 5.    Termination 
 The offer
letter is not a contract of employment and does not entitle you to employment for any specified period of time. Your employment is considered employment-at-will and may
be terminated by you or by us for any or no reason. 
 If you are terminated by IHS without ‘cause’ (as defined below), you will receive a
lump-sum cash payment equal to the sum of: 
 (i) Any earned but unpaid base salary or other amounts (including reimbursable expenses and any vested amounts
or benefits owing under or in accordance with the IHS’ otherwise applicable employee benefit plans or programs, including retirement plans and programs) accrued or owing through the date of termination; and 

(ii) An amount equal to 1.5 times your base salary and target bonus. 

 In addition to the foregoing lump-sum payment: 

(iii) You will receive the portion of your annual bonus under the IHS Annual Incentive Plan for the fiscal year of termination that is tied to the achievement
of IHS’ performance objectives for such fiscal year, based on the IHS’ actual achievement of such performance objectives for the full fiscal year, prorated for the number of days that have elapsed during such fiscal year prior to the
termination of your employment. The payment provided in this subparagraph (iii) will be made following the close of the fiscal year of termination at such time as the annual bonus for such fiscal year is paid by IHS to its then current
executives; 
 (iv) IHS will continue your participation in IHS’ medical, dental and vision plans (or if you are ineligible to continue to participate
under the terms thereof, in substitute arrangements adopted by IHS providing substantially comparable benefits for the 18-month period following the date of such termination; and 

(v) Vesting of unvested stock options, restricted stock units and other equity awards then held by you will be determined in accordance with the terms and
conditions of the applicable equity compensation plan under which each such equity grant is granted. 
 For purposes of this letter, ‘cause’ means
any of the following: (i) conviction of or pleading guilty to a felony, (ii) commission of intentional acts of misconduct that materially impair the goodwill or business of IHS or cause material damage to its property, goodwill or
business, or (iii) willful refusal or willful failure to perform your material duties after written demand that you do so. Termination of the employment shall not be deemed to be for cause hereunder unless and until written notice has been
delivered to you by IHS 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 on your part shall be 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 IHS. Notwithstanding the foregoing, you shall not be deemed to have been terminated for cause without reasonable notice to you setting forth the reasons, facts and circumstances for IHS’ intention to
terminate for cause and an opportunity for you, together with your counsel, to be heard before the HR Committee or the Board of IHS. 

6.    Change in Control 

If there is a Change in Control (as defined below) and, within 15 months of such Change in Control, you terminate your employment for CIC Good Reason (as
defined below) or you are terminated by the Company without Cause, you will receive a lump-sum cash payment equal to the sum of: 

(i) Any earned but unpaid base salary or other amounts (including reimbursable expenses and any vested amounts or benefits owing under or in accordance with
the IHS’ otherwise applicable employee benefit plans or programs, including retirement plans and programs) accrued or owing through the date of termination; 

(ii) An amount equal to 2 times your base salary and target bonus; and 

(iii) Your annual bonus under the IHS Annual Incentive Plan for the fiscal year of termination at “Target” level,
pro-rated for the number of days that have elapsed during such fiscal year prior to the termination of your employment. 

In addition to the foregoing lump-sum payment: 

(iv) IHS will continue your participation in IHS’ medical, dental and vision plans (or if you are ineligible to continue to participate under the terms
thereof, in substitute arrangements adopted by IHS providing substantially comparable benefits), for the 24-month period following the date of such termination; and 

(v) all unvested stock options, restricted stock units and other equity awards then held by you will fully vest and become exercisable as of the effective
date of such termination. 

  
 2 

 
For purposes of this Letter Agreement, “Change in Control” means the first to occur of: 

(i) the acquisition, directly or indirectly, by any person or group (within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as from
time to time amended) of the beneficial ownership of securities of the Company possessing more than 50% of the total combined voting power of all outstanding securities of the Company; 

(ii) a merger or consolidation in which the Company is not the surviving entity, except for a transaction in which the holders of the outstanding voting
securities of the Company immediately prior to such merger or consolidation hold, in the aggregate, securities possessing more than 50% of the total combined voting power of all outstanding voting securities of the surviving entity immediately after
such merger or consolidation; 
 (iii) a reverse merger in which the Company is the surviving entity but in which securities possessing more than 50% of the
total combined voting power of all outstanding voting securities of the Company are transferred to or acquired by a person or persons different from the persons holding directly or indirectly those securities immediately prior to such merger; 

(iv) the sale, transfer or other disposition (in one transaction or a series of related transactions) of all or substantially all of the assets of the
Company; 
 (v) the approval by the shareholders of a plan or proposal for the liquidation or dissolution of the Company; or 

(vi) as a result of, or in connection with, any cash tender or exchange offer, merger or other business combination, sale of assets or contested election, or
any combination of the foregoing transactions (a “Transaction”), the persons who are members of the board of directors of the Company before the Transaction will cease to constitute a majority of the board of directors of the Company or
any successor thereto. 
 Notwithstanding the foregoing, in no event will a Change in Control be considered to have occurred as a result of: (i) the
distribution by the Company to its stockholder(s) of stock in an Affiliate; (ii) the contribution by the Company of some or all of its assets in a transaction governed by Section 351 of the Code; (iii) any inter-company sale or
transfer of assets between the Company and any Affiliate; (iv) a dividend distribution by the Company; (v) a loan by the Company to any third party or an Affiliate; (vi) a Transaction, or series of Transactions, after which an
Affiliate of the Company before such Transaction or series of Transactions, is either directly or indirectly in control of the Company thereafter; (vii) if the controlling shareholder is a trust, the acquisition, directly or indirectly, of the
beneficial ownership of securities of the Company by any beneficiary of such trust if such beneficiary has a greater than 25% interest in such trust, or any descendants, spouse, estate or heirs of any such beneficiary, or a trust established for
such beneficiary or for any descendants, spouse or heirs of such beneficiary; or (viii) the first underwritten primary public offering of the shares of common stock of the Company pursuant to an effective registration statement (other than a
registration statement on Form S-4 or Form S-8 or any similar or successor form) under the Securities Act of 1933, as from time to time amended. For purposes of this
Agreement, “Affiliate” means any individual, corporation, partnership, association, joint-stock company, trust, unincorporated association or other entity (other than the Company) that directly, or indirectly through one or more
intermediaries, controls, is controlled by or is under common control with, the Company, including, without limitation, any member of an affiliated group of which the Company is a common parent corporation as provided in Section 1504 of the
Internal Revenue Code of 1986, as from time to time amended (the “Code”). 
 For purposes of this Letter Agreement, “CIC
Good Reason” means any of: 
 (i) the material diminution of your position (including titles and reporting relationships), duties or
responsibilities, excluding immaterial actions not taken in bad faith; 

  
 3 

 (ii) the breach by IHS of any of its material obligations under this letter agreement, excluding immaterial
actions (or failures or action) not taken (or omitted to be taken) in bad faith and which, if capable of being remedied, are remedied by IHS within 30 days after receipt of notice thereof given by you; 

(iii) IHS’ relocation of your principal location of work by more than 50 miles (other than any relocation recommended or consented to by you); it being
understood, however, that you may be required to travel on business to other locations as may be required or desirable in connection with the performance of your duties as specified in this letter agreement. 

7.    Release 
 Any payment or benefit
that you are eligible to receive under paragraphs 5 or 6 will be contingent on your execution of a release in a form acceptable to IHS within 60 days of the date of your separation from service. If you fail to execute such a release within such 60
day period, you will not be eligible to receive any payment or benefit under paragraphs 5 or 6. If you execute such a release within such 60 day period, the lump-sum payment under paragraph 5(i) and
(ii) or under paragraph 6(i) and (ii), as applicable, will be made within the 60 day period from the date of your separation from service, following the execution of such release; provided that any payments under this letter agreement that
could be paid during a period that begins in one taxable year and ends in a subsequent taxable year shall be paid in the subsequent taxable year. The payments or benefits you are eligible to receive under paragraph 5 or 6 are in lieu of any
termination payments or benefits which you might otherwise be eligible to receive under any standard severance policy maintained by the IHS and/or its Affiliates. 

8. Timing and Form of Payments under Paragraphs 5 and 6 

All payments due to you under paragraph 5 and 6 above shall be made no later than two and one-half months following
your separation from service unless the following provisions pertaining to specified employees applies to you. You are likely to be a specified employee (as defined in Treas. Reg. §1.409A–1(i)) as of the date of a separation from service.
All payments to be made to you under paragraphs 5 or 6 may not be made before the date that is six months after the date of separation from service (or, if earlier than the end of the six-month period,
the date of your death). For this purpose, if you are not a specified employee as of the date of a separation from service, you will not be treated as subject to this requirement even if you would have become a specified employee if you had
continued to provide services through the next specified employee effective date. Similarly, if you are treated as a specified employee as of the date of a separation from service, you will be subject to this requirement even if you would not have
been treated as a specified employee after the next specified employee effective date had you continued providing services through the next specified employee effective date. 

Please acknowledge in the space below and provide to me and retain a copy for your files. 

 

	
	 Sincerely,

	
	Jeff Sisson
	SVP and Chief Human Resources Officer
	IHS Inc.
	Global Human Resources

  

					
	Acknowledged:	 		 	
			
	 /s/ Todd Hyatt
	 		 	 10/31/13

	Todd Hyatt	 		 	Date

  
 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00266-of-00352.parquet"}]]