Amendment 2019-1 to Amended and Restated Willis U.S. 2005 Deferred Compensation Plan
This amendment updates the Willis U.S. 2005 Deferred Compensation Plan. Effective December 31, 2019, participants are no longer allowed to change the timing or form of their deferred compensation distributions after making a deferral election. The amendment clarifies that once a participant has made their election, they cannot delay or otherwise alter when or how they receive their deferred compensation.
Exhibit 10.2
Amendment 2019-1
Amended and Restated Willis U.S. 2005 Deferred Compensation Plan
The Amended and Restated Willis U.S. 2005 Deferred Compensation Plan, is hereby amended as follows:
| 1. | The following shall be added after the last sentence of Section 7.4 Change of Timing or Form of Distribution: |
Effective December 31, 2019, no Participant may delay the timing of receipt and/or the form of a distribution or make other changes to the time and form of a distribution under a Deferral Election.
