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NDAQ » Topics » Effect of Termination of Employment

This excerpt taken from the NDAQ 10-K filed Feb 28, 2007.

Effect of Termination of Employment

 

  •  

Termination for Cause by the Company or without Good Reasonby the Executive: forfeiture of performance share units for each ongoing performance period

 

  •  

Termination without Cause by the Company or for Good Reason by the Executive: continued vesting of outstanding performance share units, subject to compliance with non-competition, non-solicitation, confidentiality and non-disparagement covenants, based on actual performance during performance period

 

  •  

Death, disability, retirement (as defined in Stock Plan) and non-renewal of agreement by Company or by Executive: continued vesting of outstanding performance share units, subject to compliance with non-competition, non-solicitation, confidentiality and non-disparagement covenants, based on actual performance during performance period

 

 

20

Exhibit C

 

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