Second Amendment to Amended and Restated Employment Agreement between Willis North America Inc. and Joseph J. Plumeri
This amendment updates the employment agreement between Willis North America Inc. and Joseph J. Plumeri, originally effective March 26, 2001. The change extends a provision that previously applied only to Fiscal Year 2002 so that it now covers both Fiscal Years 2002 and 2003. All other terms of the original agreement remain unchanged. The amendment is effective as of January 1, 2003 and is signed by both parties.
QuickLinks -- Click here to rapidly navigate through this document
Exhibit 10.25
SECOND AMENDMENT
TO THE
AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Second Amendment, dated as of January 1, 2003 to the Amended and Restated Employment Agreement entered into by and between Willis North America Inc. ("Willis US") and Joseph J. Plumeri ("Executive") effective as of March 26, 2001 (the "Employment Agreement")
WHEREAS, the parties wish to formally amend the Employment Agreement and reflect their mutual agreement and understanding of the modification.
NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein and for other valuable consideration, receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
- 1.
- Section 1(b)(ii) of the Employment Agreement is hereby amended by the substituting for the words "Fiscal Year 2002" the words "Fiscal Years 2002 and 2003" therein.
- 2.
- All other terms of the Employment Agreement, as amended, not specifically amended or modified by this Second Amendment, shall remain in full force and effect and unaltered by this Second Amendment.
| WILLIS NORTH AMERICA, INC. | EXECUTIVE | ||
By: | /s/ WILLIAM P. BOWDEN, JR. William P. Bowden, Jr. | /s/ JOSEPH J. PLUMERI Joseph J. Plumeri | |
| Title | General Counsel | ||
QuickLinks
- Exhibit 10.25
