SEC Contract Filing

Filing Date: 2017-03-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.13.1
<SEQUENCE>5
<FILENAME>ndaq12312016ex-10131.htm
<DESCRIPTION>EXHIBIT 10.13.1
<TEXT>
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<div><a name="sE0144C9D14FBE9D8518D6E038D15B8E0"></a></div><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 10.13.1</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;text-decoration:underline;">AMENDMENT ONE TO THE EMPLOYMENT AGREEMENT</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:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">This Amendment (the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Amendment</font><font style="font-family:inherit;font-size:10pt;">&#8221;) is hereby entered into and effective as of January 1, 2017 (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Effective Date</font><font style="font-family:inherit;font-size:10pt;">&#8221;), by and between Nasdaq, Inc., Nasdaq International Ltd (&#8220;Company&#8221;), and Hans-Ole Jochumsen (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Executive</font><font style="font-family:inherit;font-size:10pt;">&#8221;) (Nasdaq, Inc., Company and Executive, each a &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Party</font><font style="font-family:inherit;font-size:10pt;">&#8221; and together, the &#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Parties</font><font style="font-family:inherit;font-size:10pt;">&#8221;).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Executive and Nasdaq Inc. (f/k/a/ &#8220;The NASDAQ OMX Group, Inc.&#8221;) entered into an employment agreement dated August 5, 2014 (&#8220;</font><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Employment Agreement</font><font style="font-family:inherit;font-size:10pt;">&#8221;); </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Parties agree that the Executive's employment by Nasdaq, Inc shall terminate and his employment shall transfer to Company on the same terms as the Employment Agreement (as amended by this Amendment) with immediate effect on the Effective Date, without need for any notice or compensation; </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the Executive is providing notice of his transition into the Vice Chairman role from January 1, 2017 through January 1, 2018, at which point his employment agreement will expire, pursuant to Section 8(f)(a &#8220;Non-Continuation Notice&#8221;) of his Employment Agreement, unless there is mutual agreement to extend the term;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, in consideration of Executive&#8217;s continued employment by Company and the compensation paid or to be paid for Executive&#8217;s services during his employment by the Parties, and the mutual covenants and promises contained herein, Executive agrees with the Company to amend the provisions of the Employment Agreement by written instrument as referenced in Section 12(b) of the Employment Agreement and as set forth below.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Employment Agreement is amended as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-left:0px;text-align:justify;text-indent:0px;"><font style="text-align:justify;font-family:inherit;font-size:10pt;padding-right:48px;">1.</font><font style="font-family:inherit;font-size:10pt;">Section 1 is deleted and restated as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Transfer of Employment.</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;The Executive hereby agrees that his employment by Nasdaq, Inc shall terminate and his employment shall transfer to Nasdaq International Lt