SEC Contract Filing

Filing Date: 2017-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.10
<SEQUENCE>3
<FILENAME>ndaq12312016ex-1010.htm
<DESCRIPTION>EXHIBIT 10.10
<TEXT>
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<div><a name="s8C2AE663296F633CBC89717CB83C6B38"></a></div><div><div style="line-height:120%;text-align:left;text-indent:864px;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div></div><div><br></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.10</font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EMPLOYMENT AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:2px;padding-top:2px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">EMPLOYMENT AGREEMENT (this "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Agreement</font><font style="font-family:inherit;font-size:10pt;">"), made and entered into on November 14, 2016 and effective as of January 1, 2017 (the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Effective Date</font><font style="font-family:inherit;font-size:10pt;">"), by and between Nasdaq, Inc. (the "</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Company</font><font style="font-family:inherit;font-size:10pt;">") and Adena Friedman (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Executive</font><font style="font-family:inherit;font-size:10pt;">"), hereby superseding the terms of Executive&#8217;s prior Agreement effective June 16, 2014.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In consideration of the premises and mutual covenants herein and for other good and valuable consideration, the parties hereby agree as follows:</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Term of Agreement</font><font style="font-family:inherit;font-size:10pt;">. Subject to Section&#160;8 below, the term of this Agreement shall commence on the Effective Date and end on January 1, 2022 (the "Term"). </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;&#160;&#160;&#160;Position.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(a)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;&#160;&#160;&#160;Duties. </font><font style="font-family:inherit;font-size:10pt;">The Executive shall serve as the Company's Chief Executive Officer and shall have such other duties as agreed to by the Executive and the Board of Directors of the Company (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Board</font><font style="font-family:inherit;font-size:10pt;">&#8221;). In such position, the Executive shall have such duties and authority as shall be determined from time to time by the Board and as shall be consistent with the by-laws of the Company as in effect from time to time; provided, however, that, at all times, the Executive&#8217;s duties and responsibilities hereunder shall be commensurate in all material respects with her status as the senior-most officer of the Company. During the Term, the Executive shall devote her full time and best efforts to her duties hereunder. The Executive shall report directly to the Board (or any Committee of the Board designated for this purpose). In addition, the Executive agrees to serve during the Term as a member of the Board to the extent she is periodically elected or appointed to such position in accordance with the by-laws of the Company and applicable law. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;text-indent:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(b)</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;&#160;&#