SEC Contract Filing

Filing Date: 2018-04-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>spgi-ex104x2018331xq1.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
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<div><a name="sfd1e234e16234e308204379365561add"></a></div><div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">Exhibit (10.4)</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:16pt;"><font style="font-family:Arial;font-size:16pt;font-weight:bold;">S&amp;P Dow Jones Indices</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:16pt;"><font style="font-family:Arial;font-size:16pt;font-weight:bold;">2018 LONG-TERM CASH</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:16pt;"><font style="font-family:Arial;font-size:16pt;font-weight:bold;">INCENTIVE COMPENSATION PLAN</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:24px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">I. </font><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">PURPOSE</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">The purpose of the S&amp;P Dow Jones Indices 2018 Long-Term Cash Incentive Compensation Plan (the &#8220;Plan&#8221;) is to provide Participants (as defined below) with the opportunity to earn long-term cash incentives based on the financial performance of S&amp;P Dow Jones Indices LLC (&#8220;S&amp;P Dow Jones Indices&#8221; or the &#8220;Company&#8221;).</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">For 2018, Participants may also have the opportunity to receive equity grants in the form of Performance Share Units (&#8220;PSUs&#8221;) and Restricted Stock Units (&#8220;RSUs&#8221;) that are administered under the S&amp;P Global Inc. 2002 Stock Incentive Plan, as amended and restated (the &#8220;Equity Plan&#8221;). The purpose of equity based awards is to strengthen the link between S&amp;P Dow Jones Indices&#8217; long-term success with SPGI (as defined below) shareholder interests.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">The Plan is constructed to grant Participants cash awards that vest and are payable over time, conditional on continued service and the attainment of the 2018-2020 performance targets set forth in Article V.</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:40px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">II. </font><font style="font-family:Arial;font-size:12pt;font-weight:bold;text-decoration:underline;">DEFINITIONS</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;">For purposes of the Plan, the following terms shall have meanings set forth in this Article II or otherwise defined in the Plan:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">AWARD </font><font style="font-family:Arial;font-size:12pt;">. Any cash-based award granted pursuant to the Plan.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">AWARD MATURITY DATE</font><font style="font-family:Arial;font-size:12pt;">. December 31, 2020.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">AWARD PAYMENT DATE</font><font style="font-family:Arial;font-size:12pt;">. The date on which Payout of the Award is made.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">CAGR</font><font style="font-family:Arial;font-size:12pt;">. Compound Annual Growth Rate.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">CLDC</font><font style="font-family:Arial;font-size:12pt;">. The Compensation and Leadership Development Committee of the SPGI Board, or any successor committee thereto of the SPGI Board.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">COMPANY BOARD</font><font style="font-family:Arial;font-size:12pt;">. The Board of Directors of the Company.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-style:italic;">COMPANY COMMITTEE</font><font style="font-family:Arial;font-size:12pt;">. The Chief Executive Officer of S&amp;P Dow Jones Indices; the Chief Financial Officer of S&amp;P Dow Jones Indices; and the Senior Director of Human Resources of S&amp;P Dow Jones Indices.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-si