Second Amendment to Amended and Restated CME Group Inc. Annual Incentive Plan for Named Executive Officers
This amendment updates the CME Group Inc. Annual Incentive Plan for Named Executive Officers. It changes the rules for how and when incentive awards are paid, allowing payments in cash or, with consent, in company stock. Payments must be made within two and a half months after the performance period ends, and no later than December 31 of the following year. The amendment is executed by Chicago Mercantile Exchange Inc. and signed by an authorized officer.
Exhibit 10.5
Second Amendment to the
AMENDED AND RESTATED CME GROUP INC. ANNUAL INCENTIVE PLAN
FOR NAMED EXECUTIVE OFFICERS
(As Amended and Restated as of May 13, 2009)
1. Section 5(c) is amended by replacing it in its entirety with the following:
(c) Time and Form of Payment. All payments in respect of Awards granted under this Plan shall be made in cash or, to the extent consented to by the Participant or determined by the Committee at the time an Award is granted, in whole or in part in Common Stock issued under the CME Group Inc. Amended and Restated Omnibus Stock Plan (the “Omnibus Plan”) and valued at its Fair Market Value (as defined in the Omnibus Plan) on the date of payment. Any such payment shall be made within two and one-half (2 1/2) months after the end of the Performance Period, but in no event shall such payments be made later than December 31 of the year after the end of the Performance Period.
IN WITNESS WHEREOF, Chicago Mercantile Exchange Inc. has caused this amendment to be executed by its duly authorized officer on this 25th day of April, 2011.
| By: | /s/ Kathleen M. Cronin |
Its: /s/ Managing Director, General Counsel & Corporate Secretary
