|IHS MARKIT LTD. filed this Form 10-Q on 03/26/2019|
expiration of the Delay Period, all payments and benefits delayed pursuant in this paragraph (whether they would have otherwise been payable in a single sum or in installments in the absence of such delay) shall be paid or reimbursed to you in a lump sum and any remaining payments and benefits due under this letter agreement shall be paid or provided in accordance with the normal payment dates specified for them herein.
(iii) All reimbursements for costs and expenses under this letter agreement, if any, shall be paid no later than the end of the calendar year following the calendar year in which you incur such expense. With regard to any provision herein that pros ides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (ii) the amount of expenses eligible for reimbursements or in-kind benefits provided any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to he provided in any other available year.
Thank you for your significant contributions to the Company and your continued engagement and execution through the merger process and following the closing of the merger transaction.
Very truly yours,
Acknowledged and Agreed:
/s/ Daniel Yergin
Date: July 8, 2016