Glaser Sample Clauses

Glaser. Xxxx xxxxxxxx Xxxxxxx: 0000 xxx 0000 Xxxxx xxx Xxxxxxxxxx xx Xxxxxxxxnce Stock Unit Awards Xxxx Xxx, Xxxx letter agreement (the “Letter Agreement”) shall serve as an amendment to the Terms and Conditions ox xhe Performance Stock Unit Awards granted on February 19, 2020 and February 22, 2021 (respectively, the “2020 PSU Award Agreement” and the “2021 PSU Award Agreement” and together, the “PSU Award Agreements”), between you and Marsh & McLennan Companies, Inc. (the “Company”). Except as set forth below, the PSU Award Agreements will conxxxxx to xx xxxxrned by their terms. Capitalized terms used in this Letter Agreement and not otherwise defined herein will have the meanings ascribed to such terms in the PSU Award Agreements. Notwithstanding anything to the contrary contained in the PSU Award Agreements, upon a termination of your employment by you following at least ninety (90) days’ notice to the Board (unless waived by the Board), the Committee shall promptly (and in no event later than the applicable PSU Scheduled Vesting Date) make a good faith determination whether the Qualifying Retirement Criteria (as defined below) have been met. If the Committee determines that the Qualifying Retirement Criteria have been met and you have satisfied the Qualifying Retirement Conditions (as defined below), then all of the unvested PSUs subject to the PSU Award Agreements that are outstanding as of such termination of employment will remain outstanding until the applicable PSU Scheduled Vesting Date and will be distributed as soon as practicable following the applicable PSU Scheduled Vesting Date as described in Section II.B.4 of the PSU Award Agreements; provided that you have satisfied the “Conditions for All or a Portion of an Award to Remain Outstanding Following a Termination of Employment” set forth in Section III of the PSU Award Agreements, and provided further that the number of shares of Common Stock distributable in respect of such PSUs will be determined in accordance with Section II.B.1 of the PSU Award Agreements. For the avoidance of doubt: • If the terms of the immediately preceding paragraph apply, then the terms of this Letter Agreement shall govern and the age and service vesting criteria set forth in the PSU Award Agreements shall not apply regardless of whether such age and service criteria have been met; and • If you experience a cessation of employment other than in the event of a Qualifying Retirement (as defined below), or, in the event the C...
Sample 1
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Glaser. For purposes of this Letter Agreement, the following terms shall have the following meanings:
Sample 1
Glaser. Daniel S. Glaser President and Chxxx Xxxxxxxxx Xxfixxx Xxxxx XxXxxnan December 1, 2021 John Q. Doxxx Accepted and Agreed: /s/ John Q. Doyxx (Xxxxxxxxe) December 2, 2021 (Xxxx) December 1, 2021 John Q. Doyle Exhibit A Board or Committee Membersxxxx Xxx Board of the Greenberg School of Risk Management at St John’s Unixxxxxxx The Board of New York Police and Fire Widows and Children’s Benefit Fund Inner City Scholarship Fund Annual Base Salary $1,200,000 effective as of January 1, 2022. Annual Target Bonus Opportunity Bonus awards are discretionary. Target bonus of $2,800,000 commencing with the 2022 performance year (awarded in February 2023). Actual bonus may range from 0% - 200% of target, based on achievement of individual performance objectives, Marsh McLennan’s performance as Marsh McLennan may exxxxxixx xxxx xxme to time.
Sample 1

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