SEC Contract Filing

Filing Date: 2017-02-22

Document Content:
<DOCUMENT>
<TYPE>EX-10.23
<SEQUENCE>2
<FILENAME>exhibit1023-amendedandrest.htm
<DESCRIPTION>EXHIBIT 10.23
<TEXT>
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<div><a name="sF94291F48CCF44A646983E6C02E25F11"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.23</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">EQUIFAX</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">DIRECTOR AND EXECUTIVE STOCK DEFERRAL PLAN</font></div><div style="line-height:120%;padding-bottom:32px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">(As Amended and Restated Effective as of January 1, 2015)</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Equifax Inc., a Georgia corporation (the &#8220;Company&#8221;), established the Director and Executive Stock Deferral Plan, effective January 1, 2003, for the purpose of attracting high quality executives and directors and promoting in its key executives and directors increased efficiency and an interest in the successful operation and performance of the Company.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Because the laws applicable to deferred compensation plans, such as the Plan, were significantly changed effective January 1, 2005, the Company amended and restated the Plan to provide certain new rules for amounts deferred under the Plan on or after January 1, 2005. Amounts deferred under the Plan prior to January&#160;1, 2005 (and any earnings thereon) continue to remain subject to the prior terms and conditions of the Plan, including the payment rules. The Plan has been amended from time to time and is being amended and restated as set forth herein effective January 1, 2015 (&#8220;Effective Date&#8221;).</font></div><div style="line-height:120%;padding-left:0px;padding-bottom:16px;text-align:center;text-indent:0px;"><font style="padding-bottom:16px;text-align:center;font-family:inherit;font-size:12.5pt;font-weight:bold;padding-right:96px;">ARTICLE 1</font><font style="font-family:inherit;font-size:10pt;">&#32;<br> <br></font><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Definitions</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12.5pt;"><font style="font-family:inherit;font-size:12.5pt;">1.1</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Account</font><font style="font-family:inherit;font-size:12pt;">&#32;shall mean the records maintained by the Administrator to determine the Participant&#8217;s deferrals under this Plan. Such Account may be reflected as an entry in the Company&#8217;s records, or as a separate account under a trust, or as a combination of both. The Administrator may establish such subaccounts as it deems necessary for the proper administration of the Plan. For purposes of certain provisions of the Plan, the Participant&#8217;s Account shall be divided between a Pre-Section 409A Account and a Section 409A Account.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12.5pt;"><font style="font-family:inherit;font-size:12.5pt;">1.2</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Administrator</font><font style="font-family:inherit;font-size:12pt;">&#32;shall mean the person or persons appointed by the Board of Directors of the Company (or its designee) to administer the Plan pursuant to Article 10 of the Plan.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12.5pt;"><font style="font-family:inherit;font-size:12.5pt;">1.3</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Beneficiary</font><font style="font-family:inherit;font-size:12pt;">&#32;shall mean the person(s) or entity designated as such in accordance with Article 9 of the Plan. </font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:12.5pt;"><font style="font-family:inherit;font-size:12.5pt;">1.4</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;">Change in Control</font><font style="font-family:inherit;font-size:12pt;">&#32;shall mean any of the following events:</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:96px;font-size:12.5pt;"><font style="font-family:inherit;font-size:12.5pt;">(a)</font><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Voting Stock Accumulations</font><font style="font-family:inherit;font-size:12pt;">. The accumulation by any Person of Beneficial Ownership of twenty percent (20%) or more of the combined voting power of the Company&#8217;s Voting Stock; provided that for purposes of this subparagraph (a), a Change in Control will not be deemed to have occurred