Amendment to Marsh & McLennan 2000 Senior Executive and Employee Incentive and Stock Award Plans
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Summary
Marsh & McLennan Companies, Inc. amended its 2000 Senior Executive Incentive and Stock Award Plan and 2000 Employee Incentive and Stock Award Plan following stockholder approval. The amendment allows a one-time, voluntary exchange of certain outstanding stock options for new options. It also prohibits any future exchanges of stock options under these plans unless stockholders approve them. The changes apply to eligible executives and employees and are intended to update the terms of the company's incentive compensation programs.
EX-10.1 2 dexhibit10-12q05.htm AMENDMENTS TO 2000 SENIOR EXECUTIVE INCENTIVE EX-10.1:
At the Annual Meeting of Stockholders of MMC held on May 19, 2005, MMC's stockholders approved an amendment to each of the Marsh & McLennan Companies, Inc. 2000 Senior Executive Incentive and Stock Award Plan and the Marsh & McLennan Companies, Inc. 2000 Employee Incentive and Stock Award Plan to: (i) permit a one-time, voluntary exchange of certain outstanding stock options for new stock options and (ii) prohibit subsequent exchanges unless stockholder approval is obtained.
EXHIBIT 10.1
At the Annual Meeting of Stockholders of MMC held on May 19, 2005, MMC's stockholders approved an amendment to each of the Marsh & McLennan Companies, Inc. 2000 Senior Executive Incentive and Stock Award Plan and the Marsh & McLennan Companies, Inc. 2000 Employee Incentive and Stock Award Plan to: (i) permit a one-time, voluntary exchange of certain outstanding stock options for new stock options and (ii) prohibit subsequent exchanges unless stockholder approval is obtained.
