EX-10.5
from 10-Q
3 pages
Board or Committee Memberships None Annual Base Salary $900,000 Effective as of April 1, 2024. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $2,200,000 Commencing With the 2026 Performance Year (Awarded in February 2027). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual and Mercer and/or Marsh Performance Objectives, as Marsh May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $2,300,000 Commencing With the Award Granted in 2025. Other Benefits You Will Have Access to a Car and Driver for Business Purposes and Work/Home Travel. if the Imputed Income Attributable to This Benefit Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by Marsh
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EX-10.4
from 10-Q
3 pages
Board or Committee Memberships None Annual Base Salary $900,000 Effective as of April 1, 2025. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $2,200,000 Commencing With the 2026 Performance Year (Awarded in February 2027). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual and Guy Carpenter and/or Marsh Performance Objectives, as Marsh May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $2,000,000 Commencing With the Award Granted in 2025. Other Benefits You Will Have Access to a Car and Driver for Business Purposes and Work/Home Travel. if the Imputed Income Attributable to This Benefit Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by Marsh
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EX-10.3
from 10-Q
3 pages
You Have Been Designated as a “Key Employee” Under the Marsh & McLennan Companies, Inc. Senior Executive Severance Pay Plan (The “Senior Executive Severance Plan”). From April 1, 2026 Until March 31, 2027, in the Event That You Are Terminated Involuntarily by the Company Without Cause (As Defined in the Senior Executive Severance Plan), or You Terminate Your Employment for Any Reason (Other Than Death or Permanent Disability), You Will Be Entitled to Severance Under the Senior Executive Severance Plan as if the Company Terminated Your Employment Involuntarily Without Cause on April 1, 2026. in the Event That Your Employment With the Company Terminates for Any Other Reason, or You Are Terminated Involuntarily by the Company Without Cause or You Terminate Employment for Good Reason on or After April 1, 2027, the Senior Executive Severance Plan in Effect at the Time of Your Termination Will Exclusively Govern the Terms Under Which You May Be Eligible to Receive Severance and/or Other Transition Benefits From the Company. in the Event That You Are Entitled to Receive Severance Benefits Under Article 5 of the Senior Executive Severance Plan, the Company Shall Also Pay You the Earned Annual Bonus, if Any, for the Calendar Year That Preceded Your Termination to the Extent Not Theretofore Paid
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EX-10.2
from 10-Q
3 pages
Board or Committee Memberships None Annual Base Salary $1,000,000 Effective as of April 1, 2024. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $2,000,000 Commencing With the 2026 Performance Year (Awarded in February 2027). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual and Marsh Performance Objectives, as Marsh May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $3,000,000 Commencing With the Award Granted in 2024. Other Benefits You Will Have Access to a Car and Driver for Business Purposes and Work/Home Travel. if the Imputed Income Attributable to This Benefit Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by Marsh
12/34/56
EX-10.1
from 10-Q
3 pages
Board or Committee Memberships •the Board of the Greenberg School of Risk Management at St. John’s University •the Board of New York Police and Fire Widows and Children’s Benefit Fund •inner-City Scholarship Fund Annual Base Salary $1,500,000 Effective as of April 1, 2024. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $4,000,000 Commencing With the 2026 Performance Year (Awarded in February 2027). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual and Marsh Performance Objectives as Marsh May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $17,500,000 Commencing With the Award Granted in 2026. Other Benefits •you Will Have Access to a Car and Driver for Business Purposes and Personal Use Including Work/Home Travel. •you Will Have Access to Corporate Aircraft for Personal Travel, Up to $275,000 in Aggregate Incremental Cost Each Calendar Year, Commencing With the 2024 Calendar Year, as Calculated by Marsh for Disclosure Purposes for the Summary Compensation Table of Marsh’s Proxy Statement; Provided That This Amount and Calculation Methodology Will Be Reviewed From Time to Time and Subject to Adjustment to Reflect Market Trends and Security Considerations. Marsh Currently Calculates Incremental Cost by Totaling the Incremental Variable Costs Associated With Personal Flights on the Aircraft (Including Hourly Charges, Taxes, Passenger Fees, International Fees and Catering) if the Imputed Income Attributable to These Benefits Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by Marsh
12/34/56
EX-10.7
from 10-Q
10 pages
Non-Competition and Non-Solicitation Agreement Agreement, Dated as of March 20, 2024, Between Marsh & McLennan Companies, Inc. (“Marsh McLennan” or the “Company”) and Patrick Tomlinson, an Employee of the Company (“Executive”). the Terms of This Agreement Are Effective as of April 1, 2024. R E C I T a L S
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EX-10.5
from 10-Q
3 pages
Board or Committee Memberships None Annual Base Salary $900,000 Effective as of April 1, 2024. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $2,100,000 Commencing With the 2025 Performance Year (Awarded in February 2026). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual, Mercer and/or Marsh McLennan Performance Objectives as Marsh McLennan May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $2,300,000 Commencing With the Award Granted in 2025. Other Benefits You Will Have Access to a Car and Driver for Business Purposes and Work/Home Travel. if the Imputed Income Attributable to This Benefit Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by the Company
12/34/56
EX-10.4
from 10-Q
3 pages
Board or Committee Memberships None Annual Base Salary $900,000 Effective as of April 1, 2025. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $2,100,000 Commencing With the 2025 Performance Year (Awarded in February 2026). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual, Guy Carpenter and/or Marsh McLennan Performance as Marsh McLennan May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $2,000,000 Commencing With the Award Granted in 2025. Other Benefits You Will Have Access to a Car and Driver for Business Purposes and Work/Home Travel. if the Imputed Income Attributable to This Benefit Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by the Company
12/34/56
EX-10.3
from 10-Q
3 pages
Board or Committee Memberships None Annual Base Salary $1,000,000 Effective as of January 1, 2022. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $2,450,000 Commencing With the 2025 Performance Year (Awarded in February 2026). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual, Marsh and/or Marsh McLennan Performance Objectives as Marsh McLennan May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $3,200,000 Commencing With the Award Granted in 2025. Other Benefits You Will Have Access to a Car and Driver for Business Purposes and Work/Home Travel. if the Imputed Income Attributable to This Benefit Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by the Company
12/34/56
EX-10.2
from 10-Q
3 pages
Board or Committee Memberships None Annual Base Salary $1,000,000 Effective as of April 1, 2024. Annual Target Bonus Opportunity Bonus Awards Are Discretionary. Target Bonus of $1,900,000 Commencing With the 2025 Performance Year (Awarded in February 2026). Actual Bonus May Range From 0% - 200% of Target, Based on Achievement of Individual and Marsh McLennan Performance Objectives, as Marsh McLennan May Establish From Time to Time Annual Target Long-Term Incentive Opportunity Long-Term Incentive Awards Are Discretionary. Target Grant Date Fair Value of $3,000,000 Commencing With the Award Granted in 2024. Other Benefits You Will Have Access to a Car and Driver for Business Purposes and Work/Home Travel. if the Imputed Income Attributable to This Benefit Is Taxable to You, Then the Taxes Associated With This Taxable Income Will Not Be Reimbursed or Paid by the Company
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