0001289419-12-000063 Sample Contracts

NONQUALIFIED STOCK OPTION AWARD AGREEMENT UNDER THE

Nonqualified Stock Option Award Agreement • February 24th, 2012 • Morningstar, Inc. • Investment advice

• Contract Type
  Nonqualified Stock Option Award Agreement
• Filed
  February 24th, 2012
• Company
  Morningstar, Inc.
• Industry
  Investment advice

This NONQUALIFIED STOCK OPTION AWARD AGREEMENT ("Agreement") is made effective [•] (the "Grant Date"), and is between Morningstar, Inc., an Illinois corporation (the "Company"), and «Employee» (the "Participant"). Any term capitalized but not defined in this Agreement will have the meaning set forth in the Morningstar, Inc. 2011 Stock Incentive Plan (the "Plan").

DIRECTOR NONQUALIFIED STOCK OPTION AWARD AGREEMENT UNDER THE

Director Nonqualified Stock Option Award Agreement • February 24th, 2012 • Morningstar, Inc. • Investment advice

• Contract Type
  Director Nonqualified Stock Option Award Agreement
• Filed
  February 24th, 2012
• Company
  Morningstar, Inc.
• Industry
  Investment advice

This DIRECTOR NONQUALIFIED STOCK OPTION AWARD AGREEMENT ("Agreement") is made effective [•] (the "Grant Date"), and is between Morningstar, Inc., an Illinois corporation (the "Company"), and «Director» (the "Participant"). Any term capitalized but not defined in this Agreement will have the meaning set forth in the Morningstar, Inc. 2011 Stock Incentive Plan (the "Plan").