Amendment to Marsh & McLennan Companies Stock Investment Supplemental Plan
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Summary
This amendment, dated November 20, 1997, updates the Marsh & McLennan Companies Stock Investment Supplemental Plan, which provides additional benefits to certain employees whose contributions to the main Stock Investment Plan are limited by tax laws. The amendment ensures that any increase in the company's matching contributions and new diversification options offered under the main plan will also apply to the supplemental plan. Company officers are authorized to make further changes as needed to implement these updates.
EX-10.4 3 a2041744zex-10_4.txt EXHIBIT 10.4 Exhibit 10.4 AMENDMENT TO THE STOCK INVESTMENT SUPPLEMENTAL PLAN WHEREAS, this Board has previously adopted the Marsh & McLennan Companies Stock Investment Supplemental Plan (the "Supplemental Plan") to provide benefits to certain employees of this Corporation and its subsidiaries who would have their benefits and contributions under the Marsh & McLennan Companies Stock Investment Plan (the "Stock Investment Plan") limited by certain provisions of the Internal Revenue Code of 1986, as amended; and WHEREAS, the above-described increase in this Corporation's matching contributions under the Stock Investment Plan will be automatically provided under the Supplemental Plan without further action of this Board; and WHEREAS, this Board desires to amend the Supplemental Plan to mirror certain other provisions of the Stock Investment Plan; it is hereby RESOLVED, that, the Supplemental Plan is hereby amended to provide a diversification election comparable to that offered to eligible employees under the Stock Investment Plan pursuant to procedures to be established by the Supplemental Plan Administrator; and further RESOLVED, that the proper officers of this Corporation are hereby authorized and empowered to amend the Supplemental Plan in any and all respects as they, upon advice of counsel, may deem necessary or appropriate to implement the foregoing resolutions; and further RESOLVED, that the proper officers of this Corporation are hereby authorized and empowered to take all other steps and to execute and deliver all other instruments and documents as may be necessary or appropriate to carry out the intent and purpose of the foregoing resolutions. Dated: November 20, 1997
