EX-101 INSTANCE DOCUMENT

EX-10.44 7 u10354exv10w44.htm EX-10.44 exv10w44

Exhibit 10.44

willis

February xx, 2011

Dear

I am pleased to inform you that you will receive a bonus in the total amount of [amount], less legally required withholdings. This amount will be distributed to you in two portions: (a) a payment in the amount of $ , to be distributed to you on the date that Willis¹ normally distributes annual bonus payments to its associates and (b) in a Willis Retention Award payment in the amount of $ , less legally required withholdings. The Award is subject to the following terms and conditions:

•		You must be employed by Willis on the date that the Willis Retention Award would normally be distributed to be eligible to receive such payment and you must have signed and returned this letter as indicated below.

•		If your employment with Willis ends prior to December 31, 2013 for any reason other than your incapacity to work due to your permanent disability (as “disability” or a substantially similar term is defined within an applicable Willis long term disability plan/policy), death, your redundancy (as redundancy is determined by Willis in accordance with its usual human resource administration practices) or your retirement², you will be obligated to repay to Willis a pro-rata portion of the amount of the Willis Retention Award (the “Repayment Obligation”) — such Repayment Obligation must be promptly satisfied, as more fully explained below. The amount of your Repayment Obligation will be calculated by reducing the amount of the Willis Retention Award by a sum equal to 1/36^th of your Willis Retention Award for each calendar month of employment you complete with Willis after January 1, 2011.

•		By signing this letter, you irrevocably authorize Willis (to the extent allowed by applicable law and at Willis’ discretion and option) to withhold from any salary payments and/or other payment(s), as may be due to you from Willis at the time of and/or after your employment ends, such amount as necessary to satisfy, but not exceed, any Repayment Obligation you may have to Willis at the end of your employment. If such withholding is insufficient to satisfy such Repayment Obligation, or if Willis for any reason does not make any such withholding, you agree to pay to Willis an amount equal to your unsatisfied Repayment Obligation within 30 days of Willis’s written request for such payment.

•		This letter shall be governed by the laws applicable to the place in which you are assigned a regular office location by Willis. If any provision of this letter is found to be invalid or unenforceable by or under any applicable law, the other provisions shall remain in full force and effect and shall not be invalidated.

To be eligible to receive the Willis Retention Award described above, please sign and return one copy of this letter as outlined below. I will then take the necessary steps to process your Willis Retention Award.

Sincerely,

Vic Krauze

Please sign, date and return this letter (retaining a copy for your records) to Tina Secrist, Nashville, US Payroll at the following email address: Bonus ***@***, or Linda Robinson (Montreal, Canada Payroll) for processing in the next available payroll run. If you do not sign and return this letter before March 8, 2011, Willis reserves its rights, to the full extent allowed by applicable law, to withdraw your Willis Retention Award. By signing below, you provide your agreement to accept, abide by and be bound by the terms and conditions above. The signing of this letter by the parties via facsimile signatures shall be deemed the same as original signatures.


Signature:				Date:

«Full_First_Name» «Full_Surname» — «ID»


¹		As used in this letter, “Willis” refers to that Willis legal entity by which you are employed as of the date of this letter.

²		To the extent applicable and practicable, “retirement” will be defined by either (i) your employment agreement (i.e., if you are subject to an employment agreement which defines retirement or a substantially similar term) or (ii) a written retirement policy applicable to you as a Willis employee or (iii) by reference to the ending of your employment at such mandatory age as may apply in the applicable employment jurisdiction or (iv) as may be determined by Willis in its absolute discretion.

willis

Today’s Date

Dear Name,

I am pleased to inform you that you will receive a Willis Retention Award payment in the amount of «Willis_Award_Amount_1», less legally required withholdings. The Award is subject to the following terms and conditions:

•		You must be employed by Willis¹ on the date that the Willis Retention Award would normally be distributed to be eligible to receive such payment and you must have signed and returned this letter as indicated below.

•		If your employment with Willis ends prior to December 31, 2013 for any reason other than your incapacity to work due to your permanent disability (as “disability” or a substantially similar term is defined within an applicable Willis long term disability plan/policy), death your redundancy (as redundancy is determined by Willis in accordance with its usual human resource administration practices, or your retirement², you will be obligated to repay to Willis a pro-rata portion of the amount of the Willis Retention Award (the “Repayment Obligation”) — such Repayment Obligation must be promptly satisfied, as more fully explained below. The amount of your Repayment Obligation will be calculated by reducing the amount of the Willis Retention Award by a sum equal to 1/36^th of your Willis Retention Award for each calendar month of employment you complete with Willis after January 1, 2011.

•		By signing this letter, you irrevocably authorize Willis (to the extent allowed by applicable law and at Willis’s discretion and option) to withhold from any salary payments and/or other payment(s), as may be due to you from Willis at the time of and/or after your employment ends, such amount as necessary to satisfy, but not exceed, any Repayment Obligation you may have to Willis at the end of your employment. If such withholding is insufficient to satisfy such Repayment Obligation, or if Willis for any reason does not make any such withholding, you agree to pay to Willis an amount equal to your unsatisfied Repayment Obligation within 30 days of Willis’s written request for such payment.

•		This letter shall be governed by the laws applicable to the place in which you are assigned a regular office location by Willis. If any provision of this letter is found to be invalid or unenforceable by or under any applicable law, the other provisions shall remain in full force and effect and shall not be invalidated.

Sincerely,

Vic Krauze


Signature:				Date:

«Full_First_Name» «Surname» — «ID»
«Division», «TL5», «TL6», «Location_Description»


¹		As used in this letter, “Willis” refers to that Willis legal entity by which you are employed as of the date of this letter.

²		To the extent applicable and practicable, “retirement” will be defined by either (i) your employment agreement (i.e., if you are subject to an employment agreement which defines retirement or a substantially similar term) or (ii) a written retirement policy applicable to you as a Willis employee or (iii) by reference to the ending of your employment at such mandatory age as may apply in the applicable employment jurisdiction or (iv) as may be determined by Willis in its absolute discretion.

willis

February xx, 2011

Dear

•		You must be employed by Willis on the date that the Willis Retention Award would normally be distributed to be eligible to receive such payment and you must have signed and returned this letter as indicated below.

•		If your employment with Willis ends prior to December 31, 2012 for any reason other than your incapacity to work due to your permanent disability (as “disability” or a substantially similar term is defined within an applicable Willis long term disability plan/policy), death, your redundancy (as redundancy is determined by Willis in accordance with its usual human resource administration practices) or your retirement², you will be obligated to repay to Willis a pro-rata portion of the amount of the Willis Retention Award (the “Repayment Obligation”) — such Repayment Obligation must be promptly satisfied, as more fully explained below. The amount of your Repayment Obligation will be calculated by reducing the amount of the Willis Retention Award by a sum equal to 1/24^th of your Willis Retention Award for each calendar month of employment you complete with Willis after January 1, 2011.

•		By signing this letter, you irrevocably authorize Willis (to the extent allowed by applicable law and at Willis’ discretion and option) to withhold from any salary payments and/or other payment(s), as may be due to you from Willis at the time of and/or after your employment ends, such amount as necessary to satisfy, but not exceed, any Repayment Obligation you may have to Willis at the end of your employment. If such withholding is insufficient to satisfy such Repayment Obligation, or if Willis for any reason does not make any such withholding, you agree to pay to Willis an amount equal to your unsatisfied Repayment Obligation within 30 days of Willis’s written request for such payment.

•		This letter shall be governed by the laws applicable to the place in which you are assigned a regular office location by Willis. If any provision of this letter is found to be invalid or unenforceable by or under any applicable law, the other provisions shall remain in full force and effect and shall not be invalidated.

Sincerely,

Vic Krauze


Signature:				Date:

«Full_First_Name» «Full_Surname» — «ID»


¹		As used in this letter, “Willis” refers to that Willis legal entity by which you are employed as of the date of this letter.

²		To the extent applicable and practicable, “retirement” will be defined by either (i) your employment agreement (i.e., if you are subject to an employment agreement which defines retirement or a substantially similar term) or (ii) a written retirement policy applicable to you as a Willis employee or (iii) by reference to the ending of your employment at such mandatory age as may apply in the applicable employment jurisdiction or (iv) as may be determined by Willis in its absolute discretion.