SEC Contract Filing

Filing Date: 2019-05-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>spgi-ex102x2019331xq1.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<div><a name="s74775b9b20d34ec9b8819ce851e7d4dc"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit (10.2)</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">TERMS AND CONDITIONS OF </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">2019 RESTRICTED STOCK UNIT AWARD</font></div><div style="line-height:120%;text-align:center;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;"><br></font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Restricted Stock Unit Award is granted by the Compensation and Leadership Development Committee (the &#8220;Committee&#8221;) of the Board of Directors (the &#8220;Board&#8221;) of S&amp;P Global Inc., a New York corporation (&#8220;S&amp;P Global&#8221;), on behalf of S&amp;P Global with an award date in 2019 that is the first business day of the month specified by the Committee (the &#8220;Award Date&#8221;).</font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Board has designated the Committee to administer the S&amp;P Global Inc. 2002 Stock Incentive Plan, as amended and restated (the &#8220;Plan&#8221;); with respect to certain employees of the Company;</font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, capitalized terms not otherwise defined herein shall have the meanings set forth for such terms in the Plan;</font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Committee has determined that the Employee should be granted a Restricted Stock Unit Award under the Plan for the number of Restricted Stock Units (&#8220;Units&#8221;) as specified in the cover page to this Award document; and</font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, the Employee is accepting the Restricted Stock Unit Award subject to the terms and conditions set forth below:</font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">1. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Grant of Award</font><font style="font-family:inherit;font-size:12pt;">: The grant of this Restricted Stock Unit Award (the &#8220;Award&#8221;) is subject to the terms and conditions hereinafter set forth with respect to the Units covered by this Award. Payment will be made in the number of shares of Stock corresponding to the number of Units vested hereunder, with each Unit corresponding to one share of Stock, together with an amount in cash equal to the value of the Dividend Equivalents on such shares.</font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Upon grant of the Award, no stock or other certificate representing said Units or the shares of Stock represented thereby will be issued to or registered in the name of the Employee. The ultimate receipt of the shares of Stock by the Employee and payment of cash equal to the value of the Dividend Equivalents thereon is contingent upon requirements set forth herein.</font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit (10.2)</font></div></div><div><br></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">The Employee does not have an absolute right to receive a fixed or determinable amount at the inception of the &#8220;Award Period&#8221;, which refers to the period beginning on the Award Date and ending on the third anniversary of the Award Date.</font></div><div style="line-height:232%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">2. </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Restrictions</font><font style="font-family:inherit;font-size:12pt;">. Pursuant to the vesting schedule provided below, the restrictions on the Units covered by this Award shall lapse and such Units shall vest in three installments (the &#8220;Installments&#8221;) of 33%, 33% and 34% on each of the first, second and third fiscal-year end dates (i.e., December 31), respectively, following the Award Date (each, an &#8220;Installment Vesting Date&#8221;, and collectively, the &#8220;Installment Vesting Dates&#8221;), following completion of the mandatory restriction peri