SEC Contract Filing

Filing Date: 2018-11-14

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d652710dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Execution Version </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EMPLOYMENT AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">THIS EMPLOYMENT AGREEMENT (the &#147;<B>Agreement</B>&#148;) is entered into as of November&nbsp;13, 2018 (the &#147;<B>Effective
Date</B>&#148;), between TransUnion, a Delaware corporation (together with its successors and assigns, the &#147;<B>Company</B>&#148;), and James M. Peck (the &#147;<B>Executive</B>&#148; and, together with the Company, the
&#147;<B>Parties</B>&#148; and each a &#147;<B>Party</B>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">RECITALS </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Executive is currently serving as the President and Chief Executive Officer of the Company (together, &#147;<B>CEO</B>&#148;)
pursuant to an employment agreement dated as of December&nbsp;6, 2012 (the &#147;<B>Employment Agreement</B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Parties
desire to provide for an orderly succession to a successor CEO; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Parties have agreed that the Executive will continue to
serve as CEO on the terms and conditions set forth in this Agreement through and including the final adjournment of the Company&#146;s 2019 Annual Shareholders Meeting scheduled to be held on May&nbsp;8, 2019 (such date and time, the
&#147;<B>Succession Date</B>&#148;); </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Parties have agreed that the Executive will continue to be employed by the Company from
and after the Succession Date through and including February&nbsp;29, 2020 (such date or, provided the Executive&#146;s employment with the Company does not terminate before the Succession Date, any earlier date on which the Executive&#146;s
employment with the Company may cease, the &#147;<B>Termination Date</B>&#148;) as a nonexecutive employee of the Company on the terms and conditions set forth in this Agreement; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Executive currently serves as a member of the Board of Directors of the Company (the &#147;<B>Board</B>&#148;) and the Executive
has agreed that he will resign from the Board (if still then serving) effective February&nbsp;29, 2020. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">NOW THEREFORE, in consideration
of the foregoing and the mutual covenants and other undertakings set out below, the Parties hereby agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U><FONT
STYLE="white-space:nowrap">Pre-Succession</FONT> Date</U>. During the period beginning on the Effective Date through the Succession Date (the &#147;<B><FONT STYLE="white-space:nowrap">Pre-Succession</FONT> Period</B>&#148;): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) The Executive shall continue to serve as CEO subject to and in accordance with the terms of the Employment Agreement, except as otherwise
provided in this Section&nbsp;1. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) The Executive&#146;s duties as CEO shall be as provided in the Employment Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) The annual bonus provided pursuant to Section&nbsp;5(b) of the Employment Agreement in respect of 2019 shall be <FONT
STYLE="white-space:nowrap">pro-rated</FONT> in respect of the portion of the <FONT STYLE="white-space:nowrap">Pre-Succession</FONT> Period that occurs in 2019. After the Effective Date, no new incentive grants will be made pursuant to
Section&nbsp;5(e)(ii) of the Employment Agreement. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) Executive agrees that he will not have &#147;Good Reason&#148; to terminate his
employment under the Employment Agreement by reason of any matters contemplated by this Agreement. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. <U>Effect on Employment
Agreement</U>. Effective as of the Succession Date, the Employment Agreement shall cease to be of any force or effect, except that the provisions of Sections 10 (Indemnification), 13 (Restrictive Covenants), 14 (Nondisparagement) and 16
(Acknowledgments) shall survive the termination of the Employment Agreement, subject as applicable to the further terms and conditions set forth in this Agreement. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3.