Document:

Form of Performance Based Restricted Share Unit Award Agreement

 Exhibit 10.4 
 WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY 
 2012 EQUITY INCENTIVE PLAN

 PERFORMANCE BASED RESTRICTED SHARE UNIT AWARD AGREEMENT 

THIS PERFORMANCE BASED RESTRICTED SHARE UNIT AWARD AGREEMENT (this “Agreement”), is made by and between Willis Group
Holdings Public Limited Company and any successor thereto (the “Company”) and the individual (the “Associate”) who has signed or electronically accepted this Agreement (including the Schedules attached hereto) in the manner
specified in the Associate’s online account with the Company’s designated broker/stock plan administrator. 

WHEREAS, the Company wishes to carry out the Plan (as hereinafter defined), the terms of which are hereby incorporated by
reference and made a part of this Agreement; and 
 WHEREAS, the Committee (as defined in the Plan) has determined that
it would be to the advantage and best interest of the Company and its shareholders to grant an award of Performance Based Restricted Share Units (as hereinafter defined) provided for herein to the Associate as an incentive for increased efforts
during the Associate’s employment with the Company, its Subsidiaries (as defined in the Plan) or its Designated Associate Companies (as defined in the Plan), and has advised the Company thereof and instructed the undersigned officer to prepare
said Agreement; 
 NOW, THEREFORE, the parties hereto do hereby agree as follows: 

ARTICLE I 

DEFINITIONS 
 Defined terms used in this Agreement shall have the meaning specified in the Plan or below unless the context clearly indicates to the contrary. 
 Section 1.1—Adjusted Earnings Per Share 
 “Adjusted
Earnings Per Share” shall mean the adjusted earnings per share as stated by the Company in its annual financial results as issued by the Company with respect to the Performance Period. 
 Section 1.2—Adjusted Operating Margin 
 “Adjusted
Operating Margin” shall mean the adjusted operating margin as stated by the Company in its annual financial results as issued by the Company with respect to the Performance Period. 
 Section 1.3—Cause 
 “Cause” shall mean (i) the
Associate’s continued and/or chronic failure to adequately and/or competently perform his material duties with respect to the Company or its Subsidiaries or Designated Associate Companies after having been provided reasonable notice of such
failure 

  
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and a period of at least ten days after the Associate’s receipt of such notice to cure and/or correct such performance failure, (ii) willful misconduct by the Associate in connection
with the Associate’s employment which is injurious to the Company or its Subsidiaries or Designated Associate Companies (willful misconduct shall be understood to include, but not be limited to, any breach of the duty of loyalty owed by the
Associate to the Company or its Subsidiaries or Designated Associate Companies), (iii) conviction of any criminal act (other than minor road traffic violations not involving imprisonment), (iv) any breach of the Associate’s
restrictive covenants and other obligations as provided in Schedule B to this Agreement (if applicable), in the Associate’s employment agreement (if any), or any other non-compete agreement and/or confidentiality agreement entered into between
the Associate and the Company or any of its Subsidiaries or Designated Associate Companies (other than an insubstantial, inadvertent and non-recurring breach), or (v) any material violation of any written Company policy after reasonable notice
and an opportunity to cure such violation within ten (10) days after the Associate’s receipt of such notice. 

Section 1.4—Certification Date 
 “Certification Date” shall mean the date that the Committee certifies in accordance with the requirements of Code Section 162(m), the amount payable under the SMIP to Covered Employees
based on “Earnings” for the Performance Period (as defined in the SMIP), the attainment level of the Performance Objectives and the number of Shares subject to PRSUs that will become Earned Performance Shares based on the amount payable
under the SMIP and attainment level of the additional Performance Objectives. 
 Section 1.5—Earned Date 

“Earned Date” shall mean the date that the annual financial results of the Company are issued by the Company. 

Section 1.6—Earned Performance Shares 
 “Earned Performance Shares” shall mean Shares subject to the PRSUs in respect of which the applicable Performance Objectives, as set out in Section 3.1 and Schedule C to the Agreement, have
been achieved and shall become eligible for vesting and payment as set out in Section 3.2. 
 Section 1.7—Grant
Date 
 “Grant Date” shall mean the date set forth in a Schedule to the Agreement or communicated to the Associate
through his or her online account with the Company’s designated broker/stock plan administrator. 

Section 1.8—Performance Period 
 “Performance Period” shall mean January 1, 2012—December 31, 2012. 

  
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 Section 1.9—Performance Objectives 

“Performance Objectives” shall mean the performance objectives (or performance goal for Covered Employees under the SMIP) based
on Adjusted Earnings Per Share or Adjusted Operating Margin that are set forth in Section 3.1(a) and Schedule C to this Agreement. 

Section 1.10—Plan 
 “Plan” shall mean the Willis Group Holdings Public Limited Company 2012 Equity Incentive Plan, as amended from time to time. 
 Section 1.11—Pronouns 
 The masculine pronoun shall include the
feminine and neuter, and the singular the plural, where the context so indicates. 
 Section 1.12—Performance-Based
Restricted Share Units 
 “Performance Based Restricted Share Units” or “PRSUs” shall mean a conditional
right to receive Shares, pursuant to the terms of the Plan and this Agreement upon vesting and settlement, subject to the attainment of certain Performance Objectives and the Associate’s continued employment through each vesting date set forth
in a Schedule to the Agreement or provided to the Associate through the Associate’s online account with the Company’s designated broker/stock plan administrator, unless otherwise set forth in this Agreement. 

Section 1.13—Shares 
 “Shares” shall mean Ordinary Shares of the Company, Nominal Value of $0.000115 each, which may be authorized but unissued. 
 Section 1.14—SMIP 
 “SMIP” means the Willis Group
Holdings Senior Management Incentive Plan, as amended and restated on December 30, 2009 by Willis Group Holdings Limited and as amended and restated and assumed by Willis Group Holdings Public Limited Company on December 31, 2009.

 ARTICLE II 
 GRANT OF PERFORMANCE-BASED RESTRICTED SHARE UNITS 
 Section 2.1—Grant
of the Performance-Based Restricted Share Units 
 Subject to the terms and conditions of the Plan and the additional terms
and conditions set forth in this Agreement including any country-specific provisions set forth in Schedule A to this Agreement and the additional terms and conditions set forth in the SMIP for Covered Employees, the Company hereby grants to the
Associate the targeted number of PRSUs specified in a Schedule to the Agreement or as stated in the Associate’s online account with the Company’s designated broker/stock plan administrator. In circumstances where the Associate is required
to enter into the Agreement of Restrictive Covenants and Other Obligations set forth in Schedule B, the Associate agrees that the grant of PRSUs pursuant to this Agreement is sufficient consideration for the Associate entering into such agreement.

  
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 Section 2.2—PRSU Payment 

The Shares to be issued upon vesting and settlement of the PRSUs must be fully paid up prior to issuance of Shares by payment of the
Nominal Value per Share. The Committee shall ensure that payment of the Nominal Value for any Shares underlying the PRSUs is received by it on behalf of the Associate at the time the PRSUs vest from a non-Irish Subsidiary or other source and shall
establish any procedures or protocols necessary to ensure that payment is timely received. 
 Section 2.3—Employment or
Service Rights 
 Subject to the terms of the Agreement of Restrictive Covenants and Other Obligations, where applicable, the
rights and obligations of the Associate under the terms of his office or employment with the Company, or any Subsidiary or Designated Associate Company shall not be affected by his participation in this Plan or any right which he may have to
participate in it. The PRSUs and the Associate’s participation in the Plan will not be interpreted to form an employment agreement or service contract with the Company or any Subsidiary or a Designated Associate Company. The Associate hereby
waives any and all rights to compensation or damages in consequence of his Termination of Service for any reason whatsoever insofar as those rights arise or may arise from his ceasing to have rights under or be entitled to earn or vest in his PRSUs
as a result of such Termination of Service. If, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, the Associate shall be deemed irrevocably to have agreed not to pursue
such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claims. 

Section 2.4—Adjustments in PRSUs Pursuant to Change of Control or Similar Event, etc. 

Subject to Sections 12 and 13 of the Plan, in the event that the outstanding Shares subject to the PRSUs are, from time to time, changed
into or exchanged for a different number or kind of Shares or other securities, by reason of a share split, spin-off, share or extraordinary cash dividend, share combination or reclassification, recapitalization or merger, Change of Control, or
similar event, the Committee shall, in its absolute discretion, substitute or adjust proportionally (i) the number and kind of Shares subject to the PRSUs; (ii) the terms and conditions of the PRSUs (including without limitation, any applicable
Performance Objectives with respect thereto); and/or (iii) the purchase price with respect to the PRSUs. An adjustment may have the effect of reducing the price at which Shares may be acquired to less than their Nominal Value (the
“Shortfall”), but only if and to the extent that the Committee shall be authorized to capitalize from the reserves of the Company a sum equal to the Shortfall and to apply that sum in paying up that amount on the Shares. Any such
adjustment or determination made by the Committee shall be final and binding upon the Associate, the Company and all other interested persons. The PRSUs shall not immediately vest unless the Committee so determines at the time of the Change of
Control, in its absolute discretion, on such terms and conditions that the Committee deems appropriate. 

  
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 Section 2.5—Employee Costs 

The Associate acknowledges that, regardless of any action taken by the Company or, if different, Associate’s employer (the
“Employer”) the ultimate liability for all Tax-Related Items related to the Associate’s participation in the Plan and legally applicable to the Associate or deemed by the Company or the Employer, in their discretion, to be an
appropriate charge to the Associate even if legally applicable to the Company or the Employer, is and remains the Associate’s responsibility and may exceed the amount actually withheld by the Company or the Employer. The Associate further
acknowledges that the Company and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the PRSUs, including, but not limited to, the grant, vesting or
settlement of the PRSUs, the subsequent sale of Shares acquired pursuant to such settlement and the receipt of any dividends and/or any dividend equivalents; and (2) do not commit to and are under no obligation to structure the terms of the
grant or any aspect of the PRSUs to reduce or eliminate the Associate’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Associate is subject to Tax-Related Items in more than one jurisdiction between the
Grant Date and the date of any relevant taxable or tax withholding event, as applicable, the Associate acknowledges that the Company and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items
in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, Associate agrees to
make adequate arrangements satisfactory to the Company and/or the Employer to satisfy all Tax-Related Items. 
 In this regard,
the Associate authorizes the Company and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: 

 

	 	(i)	withholding from the Associate’s wages or other cash compensation paid to the Associate by the Company and/or the Employer; or 

 

	 	(ii)	withholding from proceeds of the sale of Shares issued upon vesting of the PRSUs either through a voluntary sale or through a mandatory sale arranged by the Company (on
the Associate’s behalf pursuant to this authorization without further consent); or 

  

	 	(iii)	withholding in Shares to be issued upon settlement of the PRSU unless the Committee, it its sole discretion, indicates that this method of withholding is not available
prior to the applicable taxable or tax withholding event. 

 Provided, however, that if the Associate is an officer of the Company
under Section 16 of the Exchange Act (“Section 16 Officer”), such Section 16 Officer is entitled to elect the method of withholding from alternatives (i) through (iii) above, provided, that the Committee does not
indicate that alternative (iii) is unavailable. 
 Depending on the withholding method, the Company may withhold or account
for Tax-Related Items by considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case the Associate will receive a refund of any over-withheld amount in cash and
will have no entitlement to the Share 

  
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equivalent. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Associate is deemed to have been issued the full number of Shares subject to the
vested PRSUs, notwithstanding that a number of Shares are held back solely for the purpose of paying the Tax-Related Items. 

Finally, the Associate agrees to pay to the Company or the Employer any amount of Tax-Related Items that the Company or the Employer may
be required to withhold or account for as a result of the Associate’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the sale of
Shares, if the Associate fails to comply with the Associate’s obligations in connection with the Tax-Related Items. 

Section 2.6—Clawback Policy 
 The Company may cancel all or part of the PRSUs or require payment by the Associate to the Company of all or part of any amount or Shares acquired by the Associate upon vesting and settlement of the PRSUs
pursuant to the Company’s Clawback Policy as stated in Section 10 of the Plan. 
 ARTICLE III 

PERIOD OF PERFORMANCE-BASED AND TIME-BASED VESTING REQUIREMENTS 
 Section 3.1—Earning Performance Shares 
 (a) Subject to
Sections 3.1(c) and (d), the Shares subject to the PRSUs shall become Earned Performance Shares as of the Earned Date or as of the Certification Date in the case of Associates whom are Covered Employees and shall become eligible to vest and become
payable in accordance with the provisions of Section 3.2 if and to the extent that the Performance Objectives set out in Targets 1 (50% of Target Number of Shares) and 2 (50% of Target Number of Shares) of Schedule C to this Agreement are
attained and subject to the Associate being in the employment of the Company, its Subsidiaries or a Designated Associate Company at each respective vesting date as set forth in Section 3.2 below. 

(b) The Associate understands and agrees that the terms under which the PRSUs shall become Earned Performance Shares (as described in
Section 3.1 above and in Schedule C) is confidential and the Associate agrees not to disclose, reproduce or distribute such confidential information concerning the Company, except as required in the course of the Associate’s employment
with the Company, its Subsidiaries or a Designated Associate Company, without the prior written consent of the Company. The Associate’s failure to abide by this condition may result in the immediate cancellation of the PRSUs. 

(c) If prior to the end of the Performance Period, (i) the Associate’s experiences a Termination of Service for reasons other
than Cause, or (ii) there is a Change of Control, the Committee, may, in its sole discretion deem the Performance Objectives to be attained at the level (not to exceed the maximum level) determined by the Committee as to all or part of the
unearned Shares underlying the PRSUs and deem them to be Earned Performance Shares, provided, however, that if the Associate is a Covered Employee, no PRSU shall become an Earned Performance Share to the extent that any such discretion would prevent
the PRSU from qualifying as Qualified Performance-Based Compensation. 

  
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 (d) The Performance Objectives may be adjusted in accordance with the terms of the Plan;
provided, however, that if the Associate is a Covered Employee the Performance Objectives may be adjusted provided such adjustments would not prevent the PRSUs from qualifying as Qualified Performance-Based Compensation. 

(e) As promptly as practicable following the Performance Period, the Committee shall determine whether the applicable Performance
Objectives were attained, and based on such determination, shall declare the number of Shares subject to the PRSUs that shall become Earned Performance Shares. Anything to the contrary in this Section 3.1 and Schedule C notwithstanding, the
Committee retains sole discretion to determine the number of Shares subject to the PRSUs that will become Earned Performance Shares. 
 (f) Any Shares subject to the PRSUs that are not declared by the Committee on the Earned Date or Certification Date in the case of Associates whom are Covered Employees to be Earned Performance Shares
shall be forfeited immediately. 
 Section 3.2—Vesting/Settlement 

(a) Subject to the Associates’ continued employment with the Company, its Subsidiaries, or a Designated Associate Company through the
applicable vesting date, the Earned Performance Shares shall vest according to the vesting schedule that set forth in a Schedule to the Agreement or provided to the Associate through the Associate’s online account with the Company’s
designated broker/stock plan administrator, and become payable in accordance with Section 3.3 below: 
 (b) In the event of
the Associate’s Termination of Service with The Company, its Subsidiaries or a Designated Associate Company any unvested Earned Performance Shares will be forfeited immediately by the Associate, subject to, and except as otherwise specified
within, the terms and conditions of Sections 3.2(c) to 3.2(f) below. 
 (c) In the event of the Associate’s Termination of
Service as a result of death or Permanent Disability, the PRSUs shall become fully vested with respect to all Earned Performance Shares on the Termination Date. 
 (d) In the event of the Associate’s Termination of Service for reasons other than death, Permanent Disability or Cause, the Committee may, in its sole discretion accelerate the vesting of the PRSUs
over Earned Performance Shares as to all or a portion of the Earned Performance Shares subject thereto. If no determination is made as of the Termination Date, then the Earned Performance Shares shall, to the extent not then vested, be immediately
forfeited by the Associate. 
 (e) Unless otherwise determined by the Committee, in its sole discretion, the Termination Date
for purposes of this Section 3.2 and the Agreement will be the later of (i) the last day of the Associate’s active employment with the Company, its Subsidiaries or any Designated Associate Company or (ii) the last day of any
notice period or garden leave, as provided for under the Associate’s employment or service contract or local law, provided, 

  
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however, that in the case of U.S. taxpayers, the Termination Date shall mean a date that will allow the RSU to be exempt from Section 409A of the Code under the “short-term deferral
exception.” 
 (f) In the event of a Change of Control, the PRSUs shall not automatically vest and the Committee shall have
the sole discretion to accelerate the vesting of unvested Earned Performance Shares without regard to whether the Earned Performance Shares are assumed or substituted by a successor company. 

(g) The Associate agrees to execute and deliver or electronically accept, in the manner and within the period specified in the
Associate’s online account with the Company’s designated broker/stock plan administrator, the Agreement including any applicable Schedules thereto. 
 (h) The Committee may, in its sole discretion, cancel the PRSUs if the Associate fails to execute and deliver or electronically accept the Agreement and documents within the period set forth in
Section 3.2(g) or fails to meet the requirements as set forth in Section 3.1(a) and Schedule C to this Agreement. 

(i) Earned Performance Shares that become vested in accordance with this Section 3.2 shall be delivered within one month following
the applicable vesting date (which payment schedule is intended to comply with the “short-term deferral” exception from the application of Section 409A of the Code). 
 Section 3.3—Conditions to Issuance of Shares 
 The Earned
Performance Shares to be delivered upon the vesting of the PRSUs, in accordance with Section 3.2 of this Agreement, may be either previously authorized but unissued Shares. Such Shares shall be fully paid. The Company shall not be required to
deliver any certificates representing such Shares (or their electronic equivalent) allotted and issued upon the applicable date of the vesting of the PRSUs prior to fulfillment of all of the following conditions, and in any event, subject to
Section 409A of the Code for United States taxpayers: 
 (a) The obtaining of approval or other clearance from any state,
federal, local or foreign governmental agency which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and 
 (b) The Associate has paid or made arrangements to pay the Tax-Related Items pursuant to Section 2.5. 
 Without limiting the generality of the foregoing, the Committee may in the case of United States resident employees of the Company or any of its Subsidiaries require an opinion of counsel reasonably
acceptable to it to the effect that any subsequent transfer of Shares acquired on the vesting of PRSUs does not violate the Exchange Act and may issue stop-transfer orders in the United States covering such Shares. 

  
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 Section 3.4—Rights as Shareholder 

The Associate shall not be, nor have any of the rights or privileges of, a shareholder of the Company in respect of any Shares that may be
received upon the settlement of the PRSUs unless and until certificates representing such Shares or their electronic equivalent shall have been issued by the Company to the Associate. 
 Section 3.5—Limitation on Obligations 
 The Company’s
obligation with respect to the PRSUs granted hereunder is limited solely to the delivery to the Associate of Shares within the period when such Shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in
respect of such obligation. The PRSUs shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its Subsidiaries be designated as attributable or allocated to the
satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Associate for damages relating to any delays in issuing the share certificates or its electronic equivalent to the Associate (or
his designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates (or the electronic equivalent) to the Associate (or his designated entities) or in the certificates themselves. 

ARTICLE IV 

ADDITIONAL TERMS AND CONDITIONS OF THE PRSUs 
 Section 4.1—Nature of Award 
 In accepting the PRSUs, the
Associate acknowledges, understands and agrees that: 
 (a) the Plan is established voluntarily by the Company, is discretionary
in nature and may be amended, suspended or terminated by the Company at any time, to the extent permitted by the Plan; 
 (b)
the PRSU award is voluntary and occasional and does not create any contractual or other right to receive future PRSU awards, or benefits in lieu of PRSU awards, even if PRSUs have been granted in the past; 

(c) all decisions with respect to future PRSUs or other grants, if any, will be at the sole discretion of the Company; 

(d) the Associate’s participation in the Plan is voluntary; 

(e) the PRSUs and any Shares acquired under the Plan are not intended to replace any pension rights or compensation under any pension
arrangement; 
 (f) the PRSUs and any Shares acquired under the Plan and the income and the value of the same are not part of
normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, dismissal, bonuses, long-service awards, pension or retirement or
welfare benefits or similar payments; 

  
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 (g) the future value of the Shares underlying the PRSUs is unknown, indeterminable, and
cannot be predicted with certainty; 
 (h) no claim or entitlement to compensation or damages shall arise from forfeiture of the
PRSUs or the underlying Earned Performance Shares resulting from the Associate’s Termination of Service (for any reason whatsoever, whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Associate
is employed or the terms of his employment agreement, if any), and in consideration of the PRSU award to which the Associate is otherwise not entitled, the Associate irrevocably agrees never to institute any claim against the Company, any Subsidiary
or Designated Associate Company or the Employer, waives the Associate’s ability, if any, to bring any such claim, and releases the Company, its Subsidiaries or Designated Associate Companies and the Employer from any such claim; if,
notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating in the Plan, the Associate shall be deemed irrevocably to have agreed not to pursue such claim and agree to execute any and all
documents necessary to request dismissal or withdrawal of such claim; 
 (i) unless otherwise provided in the Plan or by the
Company in its discretion, the PRSUs and the benefits evidenced by this Agreement do not create any entitlement to have the PRSUs or any such benefits transferred to, or assumed by, another company nor to be exchanged, cashed out or substituted for,
in connection with any Change of Control or similar event affecting the Shares of the Company; and 
 (j) if the Associate is
providing services outside the United States the Associate acknowledges and agrees that neither the Company, the Employer nor any Subsidiary or Designated Associate Company shall be liable for any foreign exchange rate fluctuation between the
Associate’s local currency and the United States Dollar that may affect the value of the PRSUs or of any amounts due to the Associate pursuant to the settlement of the PRSUs or the subsequent sale of any Shares acquired upon settlement.

 Section 4.2—No Advice Regarding Grant 
 The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Associate’s participation in the Plan, the issuance of Shares upon vesting
of the PRSUs or sale of the Shares. The Associate is hereby advised to consult with his own personal tax, legal and financial advisors regarding his participation in the Plan before taking any action related to the Plan. 

ARTICLE V 

DATA PRIVACY NOTICE AND CONSENT 
 Section 5—Data Privacy 
 (a) The Associate hereby
explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Associate’s personal data as described in this Agreement and any other PRSU materials (“Data”) by and among, as applicable,
the 

  
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Employer, the Company, its Subsidiaries and Designated Associate Companies for the exclusive purpose of implementing, administering and managing the Associate’s participation in the Plan.

 (b) The Associate understands that the Company and the Employer may hold certain personal information about the
Associate, including, but not limited to, the Associate’s name, home address, telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any Shares or directorships held in the
Company, details of all PRSUs or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in the Associate’s favor, for the exclusive purpose of implementing, administering and managing the Plan.

 (c) The Associate understands that Data will be transferred to Morgan Stanley Smith Barney or to any other
third party assisting in the implementation, administration and management of the Plan. The Associate understands that the recipients of the Data may be located in the Associate’s country or elsewhere, and that the recipients’ country
(e.g., Ireland) may have different data privacy laws and protections from the Associate’s country. The Associate understands that, if he lives outside of the United States, he may request a list with the names and addresses of any potential
recipients of the Data by contacting his local human resources representative. The Associate authorizes the Company, Morgan Stanley Smith Barney and any other recipients of Data which may assist the Company (presently or in the future) with
implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing his participation in the Plan. The Associate
understands that Data will be held only as long as is necessary to implement, administer and manage the Associate’s participation in the Plan. The Associate understands that if he resides outside the United States, he may, at any time, view
Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing his local human resources
representative. Further, the Associate understands that he is providing the consents herein on a purely voluntary basis. If the Associate does not consent, or if the Associate later seeks to revoke his consent, his employment status or service and
career with the Employer will not be adversely affected; the only adverse consequence of refusing or withdrawing the Associate’s consent is that the Company would not be able to grant the Associate PRSUs or other equity awards or administer or
maintain such awards. Therefore, the Associate understands that refusing or withdrawing his consent may affect the Associate’s ability to participate in the Plan. For more information on the consequences of the Associate’s refusal to
consent or withdrawal of consent, the Associate understands that he may contact his local human resources representative. 

  
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 ARTICLE VI 
 AGREEMENT OF RESTRICTIVE COVENANTS AND OTHER OBLIGATIONS 

Section 6—Restrictive Covenants and Other Obligations 
 In consideration of the grant of PRSUs, the Associate shall enter into the Agreement of Restrictive Covenants and Other Obligations, a copy of which is attached hereto as Schedule B. In the event the
Associate does not sign and return or electronically accept the Agreement of Restrictive Covenants and Other Obligations in the manner specified within 45 days of the receipt of this Agreement, the Committee may, in its sole discretion, cancel the
PRSUs. If no such agreement is required, Schedule B shall state none or not applicable. 
 ARTICLE VII 

MISCELLANEOUS 

Section 7.1—Administration 
 The Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to
interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Associate, the Company and all other interested persons. No member of the Committee shall be
personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the PRSUs. In its absolute discretion, the Committee may at any time and from time to time exercise any and all rights and duties of the
Committee under the Plan and this Agreement. 
 Section 7.2—PRSUs Not Transferable 

Neither the PRSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the
Associate or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by
judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 7.2
shall not prevent transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance. 

Section 7.3—Binding Effect 
 The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and their respective heirs, legal representatives, successors and assigns. 

Section 7.4—Notices 
 Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company at the following address: 

Willis Group Holdings Public Limited Company 
 c/o Willis North America, Inc. 
 One World Financial Center 

New York, NY 10281 
 Attention: Share Plans 

  
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 and any notice to be given to the Associate shall be at the address set forth in the PRSUs Acceptance Form.

 By a notice given pursuant to this Section 7.4, either party may hereafter designate a different address for notices to
be given to him. Any notice that is required to be given to the Associate shall, if the Associate is then deceased, be given to the Associate’s personal representatives if such representatives have previously informed the Company of their
status and address by written notice under this Section 7.4. Any notice shall have been deemed duly given when sent by facsimile or enclosed in a properly sealed envelope or wrapper addressed as aforesaid, deposited (with postage prepaid) in a
post office or branch post office regularly maintained by the United States Postal Service or the United Kingdom’s Post Office or in the case of a notice given by an Associate resident outside the United States of America or the United Kingdom,
sent by facsimile or by a recognized international courier service. 
 Section 7.5—Titles 

Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

 Section 7.6—Applicability of Plan 
 The PRSUs and the Shares underlying the PRSUs shall be subject to all of the terms and provisions of the Plan, to the extent applicable to the PRSUs and the underlying Shares. In the event of any conflict
between this Agreement and the Plan, the terms of the Plan shall control. 
 Section 7.7—Amendment 

This Agreement may be amended only by a document executed by the parties hereto, which specifically states that it is amending this
Agreement. 
 Section 7.8—Governing Law 
 This Agreement shall be governed by, and construed in accordance with the laws of Ireland without regard to its conflicts of law provisions; provided, however, that the Agreement of Restrictive Covenants
and Other Obligations as set forth in Schedule B, if applicable, shall be governed by and construed in accordance with the laws specified in that agreement without regard to conflicts of law provisions. 

Section 7.9—Jurisdiction 
 The State and Federal courts located in the County of New York, State of New York shall have exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any

  
 13 

 
disputes, which may arise out of or in connection with this Agreement and, for such purposes, the parties hereto irrevocably and unconditionally submit to the exclusive jurisdiction of such
courts; provided, however, where applicable that with respect to the Agreement of Restrictive Covenants and Other Obligations the courts specified in such agreements shall have jurisdiction to hear and determine any suit, action or proceeding and to
settle any disputes which may arise out of or in connection with that agreement. 
 Section 7.10—Electronic Delivery and
Acceptance 
 The Company may, in its sole discretion, decide to deliver any documents related to current or future
participation in the Plan by electronic means. The Associate hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or
a third party broker/stock plan administrator designated by the Company. Further, to the extent that this Agreement has been executed on behalf of the Company electronically, the Associate accepts the electronic signature of the Company. 

Section 7.11—Language 
 If the Associate has received this Agreement, or any other document related to the PRSUs and/or the Plan translated into a language other than English and if the translated version is different than the
English version, the English version will control. 
 Section 7.12—Severability 

The provisions of this Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable,
in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 Section 7.13—Schedule A

 The PRSUs shall be subject to any special provisions set forth in Schedule A for the Associate’s country of residence, if
any. If the Associate relocates to one of the countries included in Schedule A during prior to the vesting of the PRSUs, the special provisions for such country shall apply to the Associate, to the extent the Company determines that the application
of such provisions is necessary or advisable for legal or administrative reasons. Schedule A constitutes part of this Agreement. 

Section 7.14—Imposition of Other Requirements 
 The Company reserves the right to impose other requirements on the PRSUs and the Shares acquired upon vesting of the PRSUs, to the extent the Company determines it is necessary or advisable for legal or
administrative reasons, and to require the Associate to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 Section 7.15—Waiver 
 The Associate acknowledges that a waiver
by the Company of breach of any provision of this Agreement shall not operate or be construed as a waiver of any other provision of this Agreement, or of any subsequent breach by the Associate or any other Participant of the Plan. 

  
 14 

 Section 7.16—Counterparts. 

This Agreement may be executed in any number of counterparts (including by facsimile), each of which shall be deemed to be an original and
all of which together shall constitute one and the same instrument. 
 Section 7.17—Code Section 409A. 

For purposes of United States taxpayers, it is intended that the terms of the PRSUs will comply with the provisions of Section 409A
of the Code and the Treasury Regulations relating thereto so as not to subject the Associate to the payment of additional taxes and interest under Section 409A of the Code, and this Agreement will be interpreted, operated and administered in a
manner that is consistent with this intent. In furtherance of this intent, the Committee may adopt such amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or
take any other actions, in each case, without the consent of the Associate, that the Committee determines are reasonable, necessary or appropriate to comply with the requirements of Section 409A of the Code and related United States Department
of Treasury guidance. In that light, the Willis Group makes no representation or covenant to ensure that the PRSUs that are intended to be exempt from, or compliant with, Section 409A of the Code are not so exempt or compliant or for any action
taken by the Committee with respect thereto. Nothing in the Agreement shall provide a basis for any person to take action against the Willis Group based on matters covered by Section 409A of the Code, including the tax treatment of any Shares
or other payments made under the PRSUs granted hereunder, and the Willis Group shall not under any circumstances have any liability to the Director or his estate or any other party for any taxes, penalties or interest due on amounts paid or payable
under this Agreement, including taxes, penalties or interest imposed under Section 409A of the Code. 
 By the Associate’s
execution or electronic acceptance of this Agreement (including the Schedules attached hereto) in the manner specified in the Associate’s online account with the Company’s designated broker/stock plan administrator, the Associate and the
Company have agreed that the PRSUs are granted under and governed by the terms and conditions of the Plan and this Agreement (including the Schedules attached hereto). 

 

			
	WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY
		
	By:	 	
	Name:	 	
	Title:	 	

  
 15 

 SCHEDULE A 

COUNTRY-SPECIFIC APPENDIX TO RESTRICTED SHARE UNIT AWARD 
 AGREEMENT 
 (Performance and Time-Based Restricted Share Units)

 WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY 

2012 EQUITY INCENTIVE PLAN 

Terms and Conditions 
 This
Schedule A includes additional terms and conditions that govern the Restricted Share Unit Award granted to the Associate under the Willis Group Holdings Public Limited Company 2012 Equity Incentive Plan, as amended from time to time (the
“Plan”) and the Associates applicable Time-Based Restricted Share Unit Agreement or Performance-Based Restricted Share Unit Agreement (collectively referred to as the “Agreement”) if the Associate resides in one of the countries
listed below. This Schedule A forms part of the Agreement. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement or the Plan. 
 Notifications 
 This Schedule A also includes information based on the securities,
exchange control and other laws in effect in the Associate’s country as of May 2012. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the Associate not rely on the information noted herein as
the only source of information relating to the consequences of the Associate’s participation in the Plan because the information may be out of date at the time the RSUs vest under the Plan. 

In addition, the information is general in nature. The Company is not providing the Associate with any tax advice with respect to the RSUs. The
information provided below may not apply to the Associate’s particular situation, and the Company is not in a position to assure the Associate of any particular result. Accordingly, the Associate is strongly advised to seek appropriate
professional advice as to how the tax or other laws in the Associate’s country apply to the Associate’s situation. 
 Finally, if
the Associate is a citizen or resident of a country other than the one in which the Associate is currently working, transfers employment after the Grant Date, or is considered a resident of another country for local law purposes, the notifications
contained herein may not be applicable to the Associate, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall be applicable to the Associate. 

  
 16 

 ARGENTINA 
 Notifications 
 Securities Law Information 

Neither the RSUs nor the Shares underlying the RSUs are publicly offered or listed on any stock exchange in Argentina. The offer is private and not
subject to the supervision of any Argentine governmental authority. 
 AUSTRALIA 

Notifications 
 Securities Law
Information 
 If the Associate acquires Shares under the Plan upon the vesting of the RSUs and subsequently offers the Shares for sale to a
person or entity resident in Australia, such an offer may be subject to disclosure requirements under Australian law, and the Associate should obtain legal advice regarding any applicable disclosure requirements prior to making any such offer.

 BELGIUM 

Notifications 
 Tax Reporting

 The Associate is required to report any taxable income attributable to the vesting of the RSUs on his or her annual tax return. In
addition, the Associate is required to report any bank accounts opened and maintained outside Belgium on his or her annual tax return. 

BERMUDA 
 There are no
country-specific provisions. 
 BRAZIL 
 Notifications 
 Compliance with the Law 

In accepting the grant of the RSUs, the Associate acknowledges his or her agreement to comply with applicable Brazilian laws and to pay any and all
applicable tax associated with the RSUs and the sale of the Shares acquired under the Plan. 
 Exchange Control Information 

If the Associate holds assets and rights outside Brazil with an aggregate value exceeding US$100,000, he or she will be required to prepare and submit to
the Central Bank of Brazil an annual declaration of such assets and rights, including: (i) bank deposits; (ii) loans; (iii) financing transactions; (iv) leases; (v) direct investments; (vi) portfolio investments,
including Shares acquired under the Plan; (vii) financial derivatives investments; and (viii) other investments, including real estate and other assets. Please note that foreign individuals holding Brazilian visas

  
 17 

 
are considered Brazilian residents for purposes of this reporting requirement and must declare at least the assets held abroad that were acquired subsequent to the date of admittance as a
resident of Brazil. Individuals holding assets and rights outside Brazil valued at less than US$100,000 are not required to submit a declaration. Please note that the US$100,000 threshold may be changed annually. 

CANADA 
 Terms and
Conditions 
 RSU Payment 

This provision supplements Section 2.2 of the Agreement: 
 The RSUs do not provide any right for the Associate to receive a cash payment and the RSUs will be settled in Shares only. 
 Vesting Schedule and Forfeiture Provisions 
 This provision supplements Section 3.1 of
the Time-Based Restricted Share Unit Agreement and Section 3.2 of the Performance-Based Restricted Share Unit Agreement: 
 In the event of
the Associate’s Termination of Service (whether or not in breach of contract or local labor laws), the Associate’s right to vest in the RSUs under the Plan, if any, will terminate effective as of the date that is the earlier of:
(1) the date the Associate receives notice of termination of the Associate’s employment from the Company or the Employer, or (2) the date of Termination of Service (the “Termination Date”) regardless of any notice period or
period of pay in lieu of such notice required under Canadian provincial employment law or under any employment agreement (including but not limited to statutory law, regulatory law and/or common law). The Company shall have the exclusive discretion
to determine when the Associate has ceased to provide services and the Termination Date for purposes of the Agreement. 
 The Following
Provisions Apply for Associates Resident in Quebec: 
 Language Consent 
 The parties acknowledge that it is their express wish that the Agreement, including this Schedule A, as well as all documents, notices, and legal proceedings entered into, given or instituted
pursuant hereto or relating directly or indirectly hereto, be drawn up in English. 
 Consentement relatif à la langue
utilisée 
 Les parties reconnaissent avoir exigé la rédaction en anglais de cette convention, ainsi que de tous
documents, avis et procédures judiciaires, exécutés, donnés ou intentés en vertu de, ou liés directement ou indirectement à, la présente convention. 

Data Privacy 
 This provision supplements
Section 5 of the Agreement: 
 The Associate hereby authorizes the Company and the Company’s representatives to discuss with and
obtain all relevant information from all personnel, professional or not, involved in the 

  
 18 

 
administration and operation of the Plan. The Associate further authorizes the Company, its Subsidiaries and any stock plan service provider that may be selected by the Company to assist with the
Plan to disclose and discuss the Plan with their respective advisors. The Associate further authorizes the Company and its Subsidiaries to record such information and to keep such information in the Associate’s employee file. 

Notifications 
 Securities Law
Information 
 The Associate is permitted to sell Shares acquired through the Plan through the designated broker appointed under the Plan, if
any, provided the resale of Shares acquired under the Plan takes place outside of Canada through the facilities of a stock exchange on which the Shares are listed (i.e., the New York Stock Exchange). 

CHILE 
 Terms and Conditions

 Nature of Grant 
 The
following provisions replace Sections 4.1(a) and (b) of the Agreement if the Associate is granted Performance-Based RSUs: 
 The
Associate’s right to participate in and receive benefits under the Plan is conditioned upon meeting the requirements established by the Committee. The performance-based RSUs are a discretionary award that the Company has granted to benefit key
employees of the Company and its Subsidiaries in 2012. The Committee may or may not offer this or similar grants to 
 employees in the future,
and should it offer such a grants, the Committee may decide that the Associate may or may not be eligible to participate. Should the Company offer additional programs or benefits to Associate, it will communicate its decision to the Associate in a
timely manner. Accordingly, the parties to the Agreement acknowledge that the benefits, if any, derived from the performance-based RSUs under the Plan refer exclusively to the Associate’s activities during the Performance Period (i.e., the 2012
calendar year). 
 Further, the RSUs shall become an Earned Performance Shares as of the Earned Date upon the attainment of the pre-determined
Performance Objectives set out in Targets 1 and 2 in Schedule C to the Performance-Based RSU Agreement. The determination of whether or not such predetermined Performance Objectives have been attained, in whole or in part, shall be exclusively that
of the Committee. 
 To vest in any performance-based RSUs and receive Earned Performance Shares, the Associate’s employment contract must
be in full force and effect at the time of vesting as set forth in Section 3.2 of the Agreement. In the event the Associate terminates employment prior to the settlement date and is not otherwise entitled to an accelerated vesting under
Section 3.2(b)-(d), the Associate understands and agrees that all rights to the performance-based RSUs and the Shares thereunder shall be forfeited the date his employment contract is no longer in force, notwithstanding the Associate’s
rendering of services or other contributions over the Performance Period or thereafter. 

  
 19 

 The performance-based RSUs and the Shares issued at vesting of the performance-based RSUs shall not be
considered as part of the Associate’s remuneration for purposes of determining the calculation base of future indemnities, whether statutory or contractual, for years of service (severance) or in lieu of prior notice, pursuant to Article 172 of
the Chilean Labor Code. 
 Notifications 
 Securities Law Information 
 Neither the Company nor Shares purchased under the Plan are
registered with the Chilean Registry of Securities or under the control of the Chilean Superintendence of Securities. 
 Exchange Control and
Tax Reporting Information 
 The Associate must comply with the exchange control and tax reporting requirements in Chile when sending funds
into the country in connection with the sale of Shares pursuant to the Plan, and register any investments with the Chilean Internal Revenue Service (the “CIRS”). 
 The Associate is not required to repatriate funds obtained from the sale of Shares or the receipt of any dividends. However, if the Associate decides to repatriate such funds, he or she must do so through
the Formal Exchange Market (i.e., a commercial bank or registered foreign exchange office) if the funds exceed US$10,000. In such case, the Associate must report the payment to a commercial bank or registered foreign exchange office receiving
the funds. The commercial bank or registered foreign exchange office will then submit an affidavit to the Central Bank within a day of receipt of the foreign currency. 
 If the Associate aggregates investments held outside of Chile exceed US$5,000,000 (including the investments made under the Plan), he or she must report the investments to the Central Bank. Annex 3.1 of
Chapter XII of the Foreign Exchange Regulations must be used to file this report. 
 COLOMBIA 

Notifications 
 Exchange Control
Information 
 Investments in assets located abroad (including Shares) are subject to registration with the Central Bank (Banco de la
Repuÿblica) if the Associate’s aggregate investments held abroad (as of December 31 of the applicable calendar year) equal or exceed US$500,000. If funds are remitted from Colombia through an authorized local financial institution,
the authorized financial institution will automatically register the investment. Upon the sale of any Shares that are registered with the Central Bank, Associate must cancel the registration by March 31 of the following year. Associate may be
subject to fines for failing to cancel such registration. 
 DENMARK 
 Terms and Conditions 
 Stock Options Act 

The Associate acknowledges that he or she received the below Employer Statement in Danish which sets forth the terms of his or her RSUs under the Act on
Stock Options. 

  
 20 

 Notifications 
 Exchange Control and Tax Reporting Information 
 The Associate may hold Shares acquired
under the Plan in a safety-deposit account (e.g., a brokerage account) with either a Danish bank or with an approved foreign broker or bank. If the Shares are held with a non-Danish broker or bank, the Associate is required to inform the
Danish Tax Administration about the safety-deposit account. For this purpose, the Associate must file a Declaration V (Erklaering V) with the Danish Tax Administration. Both the Associate and the bank/broker must sign the Declaration V. By
signing the Declaration V, the bank/broker undertakes an obligation, without further request each year not later than February 1 of the year following the calendar year to which the information relates, to forward certain information to the
Danish Tax Administration concerning the content of the safety-deposit account. In the event that the applicable broker or bank with which the safety-deposit account is held does not wish to, or pursuant to the laws of the country in question, is
not allowed to assume such obligation to report, the Associate acknowledges that he or she is solely responsible for providing certain details regarding the foreign brokerage or bank account and any Shares acquired at vesting and held in such
account to the Danish Tax Administration as part of the Associate’s annual income tax return. By signing the Form V, the Associate authorizes the Danish Tax Administration to examine the account. A sample of the Declaration V can be found at
the following website: www.skat.dk/getFile.aspx?Id=47392. 
 In addition, when the Associate opens a deposit account or a brokerage
account other foreign bank for the purpose of holding cash outside of Denmark, the bank or brokerage account, as applicable, will be treated as a deposit account because cash can be held in the account. Therefore, the Associate must also file a
Declaration K (Erklaering K) with the Danish Tax Administration. Both the Associate and the bank/broker must sign the Declaration K. By signing the Declaration K, the bank/broker undertakes an obligation, without further request each year,
not later than on February 1 of the year following the calendar year to which the information relates, to forward certain information to the Danish Tax Administration concerning the content of the deposit account. In the event that the
applicable financial institution (broker or bank) with which the account is held, does not wish to, or, pursuant to the laws of the country in question, is not allowed to assume such obligation to report, the Associate acknowledges that he or she is
solely responsible for providing certain details regarding the foreign brokerage or bank account to the Danish Tax Administration as part of the Associate’s annual income tax return. By signing the Declaration K, the Associate authorizes the
Danish Tax Administration to examine the account. A sample of Declaration K can be found at the following website: 

www.skat.dk/getFile.aspx?Id=42409&newwindow=true. 

  
 21 

 SPECIAL NOTICE FOR PARTICIPANTS IN DENMARK 

EMPLOYER STATEMENT 

Pursuant to Section 3(1) of the Act on Stock Options in employment relations (the “Act”), the participant (the “Participant”) is
entitled to receive the following information regarding Willis Group Holdings Public Limited Company’s (the “Company’s”) offering of time-based or performance-based share options (“Options”) and/or time-based or
performance-based restricted share units (“RSUs” and collectively with Options, “Awards”) under the Willis Group Holdings Public Limited Company 2012 Equity Incentive Plan (the “Plan”) in a separate written statement.

 This statement contains information mentioned in the Stock Option Act. Additional terms and conditions of the Awards are described in detail
in the Plan, the Participant’s applicable award agreement (including any Schedules thereto) and any other grant materials, which have been made available to the Participant (the “Award Documents”). In the event of a conflict between a
provision contained in this Employer Statement and provisions contained in the Award Documents, this Employer Statement shall prevail. Capitalized terms used but not defined herein, shall have the same meaning as terms defined in the Plan or the
Participant’s applicable Award Documents. 
  

	1.	Grant Date 

 The grant date of an Award is
the date that the Committee, or an authorized delegatee, approved the grant of an Award for the Participant and determined it would be effective. 
  

	2.	Terms or conditions for grant of Awards 

The grant of Awards under the Plan is made at the sole discretion of the Committee. The Committee has very broad powers to determine who will receive
Awards and when, and to set the terms of the Awards. The Company may decide, in its sole discretion, not to make any grants of Awards to the Participant in the future. Under the terms of the Award Documents, the Participant has no entitlement or
claim to receive future Awards. 
  

	3.	Exercise/Vesting Date or Period 

 The
Participant’s Awards shall vest over time and/or upon achievement of certain performance criteria, provided that the Participant continues as an employee of the Company, its Subsidiaries or a Designated Associate Company, unless otherwise
affected by the Act. The exact vesting conditions applicable to the Participant’s applicable Award will be set forth in his or her applicable Award Documents. A vested Option is generally exercisable any time after vesting and before the Option
terminates or expires, except as otherwise provided in the Participant’s applicable Award Documents. 
  

	4.	Exercise Price/Purchase Price 

 During the
exercise period, an Option can be exercised to purchase Shares in the Company at a price corresponding to the Exercise Price per Share underlying the Option, as determined by the Committee, which generally shall not be less than 100% of the Fair
Market Value of the Company’s Shares on the grant date. 

  
 22 

 The purchase price for RSUs shall be the Nominal Value ($0.000115) per Share underlying the RSUs. The
Committee shall ensure that payment of the Nominal Value for any Shares underlying the PRSUs is received by it on behalf of the Participant at the time the RSUs vest from a non-Irish Subsidiary or other source. 

 

	5.	Rights upon Termination of Employment 

Pursuant to the Act, the treatment of the Participant’s Award rights upon termination of his or her employment with the Company, its Subsidiaries or
a Designated Associate Company will be determined under Sections 4 and 5 of the Act unless the terms contained in the Award Documents are more favorable to the Participant than Sections 4 and 5 of the Act. If the terms contained in the Award
Documents are more favorable to the Participant, then such terms will govern the treatment of the Participant’s Award rights upon a termination of employment. 
  

	6.	Financial Aspects of Awards 

 The offering
of Awards has no immediate financial consequences for the Participant. The value of the Shares the Participant acquires under the Plan is not taken into account when calculating holiday allowances, pension contributions or other statutory
consideration calculated on the basis of salary. 
 Shares are financial instruments and investing in shares will always have financial risk.
The possibility of profit at the time the Participant sells his or her Shares will not only be dependent on the Company’s financial development, but also on the general development of the stock market, among other things. In addition, in the
case of Options, if the Participant exercises his or her Option and purchase Shares, the Shares could decrease in value even below the exercise price. 
 Willis Group Holdings Public Limited Company 
 [INSERT DANISH TRANSLATION] 

  
 23 

 DUBAI/UAE 
 Notifications 
 Securities Law Information 

The RSUs granted under the Plan is being offered only to eligible employees of the Company and its Subsidiaries or Designated Associate Companies or the
Employer and is in the nature of providing equity incentives to eligible employees of the Company, a Subsidiary, a Designated Associate Company or the Employer. Any documents related to the RSUs, including the Plan, the Agreement (including the
Schedules thereto) and any other grant documents (“Grant Documents”), are intended for distribution only to such eligible employees and must not be delivered to, or relied on by, any other person. 

The United Arab Emirates securities or financial/economic authorities have no responsibility for reviewing or verifying any Grant Documents and have not
approved the Grant Documents nor taken steps to verify the information set out in them, and thus, are not responsible for their content. 
 The
Associate is aware that the Associate should, as a prospective stockholder, conduct his or her own due diligence on the securities. The Associate acknowledges that if he does not understand the contents of the Grant Documents, the Associate should
consult an authorized financial advisor. 
 FINLAND 
 There are no country-specific provisions. 
 FRANCE 

Terms and Conditions 
 Language
Consent 
 By accepting the RSUs, the Associate confirms having read and understood the documents relating to this grant (the Plan, the
Agreement and this Schedule A) which were provided in English language. The Associate accepts the terms of those documents accordingly. 
 En
acceptant l’attribution, vous confirmez ainsi avoir lu et compris les documents relatifs à cette attribution (le Plan, le contrat et cette Annexe A) qui ont été communiqués en langue anglaise. Vous acceptez les
termes en connaissance de cause. 
 Notifications 
 Tax Information 
 The RSUs are not intended to be a tax-favored Restricted Share Units.

  
 24 

 GERMANY 
 There are no country-specific provisions. 
 HONG KONG 

Terms and Conditions 
 RSU
Payment 
 This provision supplements Section 2.2 of the Agreement: 
 Notwithstanding any discretion in the Plan, the Grant Notice or the Agreement to the contrary, upon vesting of the RSUs, Shares will be issued as set forth in this section. In no event will the Award be
paid to Participant in the form of cash. 
 Conditions to Issuance of Shares 
 This provision supplements Section 3.2 of the Time-Based Restricted Share Unit Agreement and Section 3.3 of the Performance-Based Restricted Share Unit Agreement: 

Notwithstanding anything contrary in the Agreement or the Plan, in the event the RSUs vest and Shares are issued to the Associate within six months of
the Grant Date, the Associate agrees that the Associate will not dispose of any Shares acquired prior to the six-month anniversary of the Grant Date. 
 Securities Warning: 
 The RSU Award and the issuance of Shares upon vesting of the RSUs do
not constitute a public offer of securities under Hong Kong law and are available only to employees. The Agreement, Plan, and other communication materials that the Associate may receive have not been prepared in accordance with and are not intended
to constitute a “prospectus” for a public offering of securities under applicable securities laws in Hong Kong. Furthermore, none of the documents relating to the Plan have been reviewed by any regulatory authority in Hong Kong. The RSUs
are intended only for the personal use of each eligible employee of the Employer, the Company and its Subsidiaries and may not be distributed to any other person. The Associate is advised to exercise caution in relation to the offer. If the
Associate is in any doubt about any of the contents of the Agreement, Plan or any other communication materials, the Associate should obtain independent professional advice. 
 Notifications 
 Nature of Scheme. The Company specifically intends that the
Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance. 
 INDIA

 Notifications 

Exchange Control Information 
 The
Associate must repatriate the proceeds from the sale of Shares and any dividends or 

  
 25 

 
dividend equivalents received in relation to the Shares to India within a reasonable amount of time (i.e., within 90 days after receipt). The Associate must maintain the foreign inward
remittance certificate received from the bank where the foreign currency is deposited in the event that the Reserve Bank of India or the Employer requests proof of repatriation. It is the Associate’s responsibility to comply with applicable
exchange control laws in India. 
 IRELAND 
 Terms and Conditions 
 RSU Payment 

This provision supplements Section 2.2 of the Agreement: 
 The RSUs do not provide any right for the Associate to receive a cash payment and the RSUs will be settled in Shares only. 
 Notifications 
 Director Reporting Obligation 

If the Associate is a director, shadow director1 or secretary of the Company or an Irish Subsidiary, he or she must notify the Company or the Irish
Subsidiary, as applicable, in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., RSUs, Shares, etc.), or within five (5) business days of becoming aware of the event giving rise to
the notification requirement, or within five (5) business days of becoming a director or secretary if such an interest exists at the time. This notification requirement also applies with respect to the interests of a spouse or minor children
(whose interests will be attributed to the director, shadow director or secretary). 
 ITALY 

Terms and Conditions 
 Data
Privacy 
 This provision replaces the Section 5 of the Agreement: 
 The Associate understands that the Company and the Employer are the Privacy Representative of the Company in Italy and may hold certain personal information about the Associate (“Personal
Data”), including, but not limited to, the Associate’s name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any Shares or directorships held in the Company
or any Subsidiary or Designated Associate Company, details of all RSUs or any other entitlement to Shares awarded, canceled, vested, unvested or outstanding in the Associate’s favor, and that the 

 

	1	A shadow director is an individual who is not on the board of directors of the Company or an Irish Subsidiary but who has sufficient control so that the board of
directors of the Company or Irish Subsidiary, as applicable, acts in accordance with the directions and instructions of the individual. 

  
 26 

 
Company and the Employer will process said data and other data lawfully received from third parties for the exclusive purpose of managing and administering the Plan and complying with applicable
laws, regulations and Community legislation. The Associate also understands that providing the Company with Personal Data is mandatory for compliance with laws and is necessary for the performance of the Plan and that the Associate’s denial to
provide Personal Data would make it impossible for the Company to perform its contractual obligations and may affect the Associate’s ability to participate in the Plan. The Associate understands that Personal Data will not be publicized, but it
may be accessible by the Employer as the Privacy Representative of the Company and within the Employer’s organization by its internal and external personnel in charge of processing, and by Morgan Stanley Smith Barney or any other data processor
appointed by the Company. The updated list of Processors and of the subjects to which Data are communicated will remain available upon request from the Employer. Furthermore, Personal Data may be transferred to banks, other financial institutions or
brokers involved in the management and administration of the Plan. The Associate understands that Personal Data may also be transferred to the independent registered public accounting firm engaged by the Company, and also to the legitimate
addressees under applicable laws. The Associate further understands that the Company and its Subsidiaries will transfer Personal Data amongst themselves as necessary for the purpose of implementation, administration and management of the
Associate’s participation in the Plan, and that the Company and its Subsidiaries may each further transfer Personal Data to third parties assisting the Company in the implementation, administration and management of the Plan, including any
requisite transfer of Personal Data to Morgan Stanley Smith Barney or other third party with whom the Associate may elect to deposit any Shares acquired under the Plan or any proceeds from the sale of such Shares. Such recipients may receive,
possess, use, retain and transfer Personal Data in electronic or other form, for the purposes of implementing, administering and managing the Associate’s participation in the Plan. The Associate understands that these recipients may be acting
as Controllers, Processors or persons in charge of processing, as the case may be, according to applicable privacy laws, and that they may be located in or outside the European Economic Area, such as in the United States or elsewhere, in countries
that do not provide an adequate level of data protection as intended under Italian privacy law. 
 Should the Company exercise its
discretion in suspending all necessary legal obligations connected with the management and administration of the Plan, it will delete Personal Data as soon as it has accomplished all the necessary legal obligations connected with the management and
administration of the Plan. 
 The Associate understands that Personal Data processing related to the purposes specified above
shall take place under automated or non-automated conditions, anonymously when possible, that comply with the purposes for which Personal Data is collected and with confidentiality and security provisions as set forth by applicable laws and
regulations, with specific reference to Legislative Decree no. 196/2003. 
 The processing activity, including communication, the
transfer of Personal Data abroad, including outside of the European Economic Area, as specified herein and pursuant to applicable laws and regulations, does not require the Associate’s consent thereto as the processing is necessary to
performance of law and contractual obligations related to implementation, administration and management of the Plan. The Associate understands 

  
 27 

 
that, pursuant to section 7 of the Legislative Decree no. 196/2003, the Associate has the right at any moment to, including, but not limited to, obtain confirmation that Personal Data exists or
not, access, verify its contents, origin and accuracy, delete, update, integrate, correct, blocked or stop, for legitimate reason, the Personal Data processing. To exercise privacy rights, the Associate should contact the Employer. Furthermore, the
Associate is aware that Personal Data will not be used for direct marketing purposes. In addition, Personal Data provided can be reviewed and questions or complaints can be addressed by contacting the Associate’s human resources department.

 Plan Document Acknowledgement 
 The Associate acknowledges that the Associate has read and specifically and expressly approves of the following sections of the Agreement: Article I: Definitions, Article II: Grant of the Restricted Share
Units; Article III: Period of Vesting; Article IV: Additional Terms and Conditions of the RSU; Article VI: Agreement for Restrictive Covenants and Other Obligations; Section 7.2: RSUs Not Transferable; Section 7.7: Amendment,
Section 7.8: Governing Law; Section 7.9: Jurisdiction, Section 7.10: Electronic Delivery and Acceptance; Section 7.11: Language; Section 7.12: Severability, Section 7.13: Schedule A; Section 7.14: Imposition of
Other Requirements; Section 7.15: Waiver; the Data Privacy section of this Schedule A; Schedule B and; any other terms and conditions set forth in the Schedules to this Agreement (including performance targets set forth in Schedule C to any
Performance-Based RSU Agreement). 
 Notifications 
 Exchange Control Information 
 The Associate is required to report in his or her annual tax
return: (a) any transfers of cash or Shares to or from Italy exceeding €10,000; (b) any foreign investments or investments held outside of Italy at the end of the calendar year exceeding €10,000 if such investments (including
cash, Shares) combined with other foreign assets exceeds €10,000; and/or (c) the amount of the transfers to and from Italy which have had an impact during the calendar year on the Associate’s foreign investments or investments held
outside of Italy. The Associate is exempt from the formalities in (a) if the investments are made through an authorized broker resident in Italy, as the broker will comply with the reporting obligation on the Associate’s behalf.

 JAPAN 
 There are no
country-specific provisions. 
 MEXICO 
 Terms and Conditions 
 The following provisions supplement Sections 2.2 and 4.1 of
the Agreement: 
 Modification 

By accepting the RSUs, the Associate understands and agrees that any modification of the Plan or the Agreement or its termination shall not constitute a
change or impairment of the terms and conditions of employment. 

  
 28 

 Policy Statement 
 The RSUs grant the Company is making under the Plan is unilateral and discretionary and, therefore, the Company reserves the absolute right to amend it and discontinue it at any time without any
liability. 
 The Company, with offices at 51 Lime Street, London EC3M, 7DQ, England, is solely responsible for the administration of the Plan,
and participation in the Plan and the grant of the RSUs does not, in any way, establish an employment relationship between the Associate and the Company since the Associate is participating in the Plan on a wholly commercial basis and the sole
employer is Willis México Retail, nor does it establish any rights between the Associate and the Employer. 
 Plan Document
Acknowledgment. 
 By accepting the RSUs, the Associate acknowledges that the Associate has received copies of the Plan, has reviewed the
Plan and the Agreement in their entirety, and fully understands and accepts all provisions of the Plan and the Agreement. 
 In addition, the
Associate further acknowledges that the Associate has read and specifically and expressly approves the terms and conditions in Sections 2.2 and 4.1 of the Agreement, in which the following is clearly described and established: (i) participation
in the Plan does not constitute an acquired right; (ii) the Plan and participation in the Plan is offered by the Company on a wholly discretionary basis; (iii) participation in the Plan is voluntary; and (iv) the Company, any
Subsidiary or Designated Associate Company and the Employer are not responsible for any decrease in the value of the Shares acquired upon vesting of the RSUs. 
 Finally, the Associate hereby declares that he or she does not reserve any action or right to bring any claim against the Company for any compensation or damages as a result of the Associate’s
participation in the Plan and therefore grant a full and broad release to the Employer, the Company and Subsidiaries with respect to any claim that may arise under the Plan. 
 Spanish Translation 
 Condiciones y duración 

Sin derecho a reclamo o compensación: La siguiente sección complementa la Sección 2.2 y 4.1 de este Acuerdo:

 Modificación: Al aceptar las Unidades de Acción Restringida, el Asociado entiende y acuerda que
cualquier modificación del Plan o del Acuerdo o su extinción, no constituirá un cambio o disminución de los términos y condiciones de empleo. 
 Declaración de Política: El otorgamiento de Unidades de Acción Restringida que la Compañía realiza bajo este Plan es unilateral y discrecional y,
por lo tanto, la Compañía se reserva el derecho absoluto de modificar y discontinuar el Plan en cualquier momento sin responsabilidad alguna hacia el Asociado. 
 La Compañía, con oficinas en 51 Lime Street, Londres EC3M, 7DQ, Inglaterra es la única 

  
 29 

 
responsable de la administración del Plan y de la participación en el mismo, el otorgamamiento de Unidades de Acción Restringida no establece de forma alguna una
relación de trabajo entre el Asociado y la Compañía, ya que su participación en el Plan es completamente comercial y el único empleador es Willis México Retail, así como tampoco
establece ningún derecho entre el Asociado y el Empleador. 
 Reconocimiento del Documento del Plan. Al
aceptar las Unidades de Acción Restringida , el Asociado reconoce que ha recibido copias del Plan, ha revisado los mismos, al igual que la totalidad del Acuerdo y, que ha entendido y aceptado completamente todas las disposiciones contenidas
en el Plan y en el Acuerdo. 
 Además, el Asociado reconoce que ha leído, y que aprueba específica y expresamente
los términos y condiciones contenidos en la sección Naturaleza del Orotgamiento en el cual se encuentra claramente descripto y establecido lo siguiente: (i) la participación en el Plan no constituye un derecho adquirido;
(ii) el Plan y la participación en los mismos es ofrecida por la Compañía de forma enteramente discrecional; (iii) la participación en el Plan es voluntaria; y (iv) la Compañía, y/o cualquier
Subsidiaria no son responsables por cualquier disminución en el valor de las Acciones adquiridas a través del conferimiento de Unidades de Acción Restringida. 
 Finalmente, el Asociado declara que no se reserva ninguna acción o derecho para interponer una demanda en contra de la Compañía por compensación, daño o perjuicio
alguno como resultado de su participación en el Plan y, en consecuencia, otorga el más amplio finiquito al Empleador, así como a la Compañía, sus Subsidiariascon respecto a cualquier demanda que pudiera originarse
en virtud de los Plan. 
 NETHERLANDS 
 Notifications 
 Securities Law Information 

The Associate should be aware of the Dutch insider-trading rules, which may impact the sale of Shares acquired under the Plan. In particular, the
Associate may be prohibited from effectuating certain transactions if the Associate has inside information about the Company. 
 Under Article
5:56 of the Dutch Financial Supervision Act, anyone who has “insider information” related to an issuing company is prohibited from effectuating a transaction in securities in or from the Netherlands. “Inside information” is
defined as knowledge of specific information concerning the issuing company to which the securities relate or the trade in securities issued by such company, which has not been made public and which, if published, would reasonably be expected to
affect the share price, regardless of the development of the price. The insider could be any employee of a Subsidiary or Designated Associate Company in the Netherlands who has inside information as described herein. 

Given the broad scope of the definition of inside information, certain employees working at a Subsidiary or Designated Associate Company in the
Netherlands may have inside information and, thus, would be prohibited from effectuating a transaction in securities in the Netherlands at a time when the Associate has such inside information. 

  
 30 

 If the Associate is uncertain whether the insider-trading rules apply to him or her, the Associate should
consult his or her personal legal advisor. 
 NORWAY 
 There are no country-specific provisions. 
 PERU 

Notifications 
 Securities Law Information

 The RSU Award is considered a private offering in Peru; therefore, it is not subject to registration. 

PORTUGAL 
 Terms and
Conditions 
 Language Consent 
 The following provision supplements Section 7.11 of the Agreement: 
 The Associate hereby
expressly declares that he or she has full knowledge of the English language and has read, understood and fully accepted and agreed with the terms and conditions established in the Plan and Agreement. 

Conhecimento da Lingua 
 O
Contratado, pelo presente instrumento, declara expressamente que tem pleno conhecimento da língua inglesa e que leu, compreendeu e livremente aceitou e concordou com os termos e condições estabelecidas no Plano e no Acordo de
Atribuição (Agreement em inglês). 
 Notifications 

Exchange Control Information 
 If the
Associate acquires Shares under the Plan and does not hold the Shares with a Portuguese financial intermediary, he or she must file a report with the Portuguese Central Bank. If the Shares are held by a Portuguese financial intermediary, it will
file the report for the Associate. 
 SINGAPORE 
 Notifications 
 Securities Law Information 

The RSUs are being granted to the Associate pursuant to the “Qualifying Person” exemption under section 273(1)(f) of the Singapore Securities
and Futures Act (Chapter 289, 2006 Ed.) (“SFA”). The Plan has not been lodged or registered as a prospectus with the Monetary Authority of Singapore. The Associate should note that such RSU is subject to section 257 of the

  
 31 

 
SFA and the Associate will not be able to make any subsequent sale in Singapore, or any offer of such subsequent sale of the Shares underlying the RSU unless such sale or offer in Singapore is
made pursuant to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the SFA (Chapter 289, 2006 Ed.). 
 Director Notification Obligation 
 If the Associate is a director, associate director or
shadow director of a Singapore Subsidiary or Designated Associate Company, the Associate is subject to certain notification requirements under the Singapore Companies Act. Among these requirements is an obligation to notify the Singaporean
Subsidiary or Designated Associate Company in writing when the Associate receives an interest (e.g., RSUs, Shares) in the Company or any related companies. Please contact the Company to obtain a copy of the notification form. In addition, the
Associate must notify the Singapore Subsidiary or Designated Associate Company when the Associate sells any Shares (including when the Associate sells the Shares acquired under the Plan). These notifications must be made within two days of acquiring
or disposing of any interest in the Company or any related company. In addition, a notification must be made of the Associate’s interests in the Company or any related company within two days of becoming a director. 

Insider Trading Information 
 The
Associate should be aware of the Singapore insider trading rules, which may impact the acquisition or disposal of Shares or rights to Shares under the Plan. Under the Singapore insider-trading rules, the Associate is prohibited from selling Shares
when he or she is in possession of information concerning the Company, which is not generally available and which the Associate knows or should know will have a material effect on the price of Shares once such information is generally available.

 SOUTH AFRICA 

Term and Conditions 
 Tax
Reporting Information 
 By accepting the RSUs, the Associate agrees to notify his or her Employer of the amount of income realized at
vesting of the RSUs. If the Associate fails to advise his or her Employer of the income at vesting, he or she may be liable for a fine. The Associate will be responsible for paying any difference between the actual tax liability and the amount
withheld. 
 Notifications 
 Exchange Control Information 
 The Associate should consult his or her personal advisor to
ensure compliance with applicable exchange control regulations in South Africa, as such regulations are subject to frequent change. The Associate is responsible for ensuring compliance with all exchange control laws in South Africa. 

  
 32 

 SPAIN 
 Terms and Conditions 
 Nature of Grant 

This provision supplements Sections 2.2 and 4.1 of the Agreement: 
 In accepting the RSUs, the Associate acknowledges that he or she consents to participation in the Plan and has received a copy of the Plan. 
 The Associate understands and agrees that, as a condition of the grant of the RSUs, except as provided for in Section 3.1 of the Agreement, the Associate’s Termination of Service for any reason
(including for the reasons listed below) will automatically result in the forfeiture the RSUs and loss of the Shares that may have been granted to the Associate and that have not vested on the Termination Date. 

In particular, the Associate understands and agrees that the RSUs will be forfeited without entitlement to the underlying Shares or to any amount as
indemnification in the event of a the Associate’s Termination of Service prior to vesting by reason of, including, but not limited to: resignation, retirement, disciplinary dismissal adjudged to be with cause, disciplinary dismissal adjudged or
recognized to be without cause, individual or collective layoff on objective grounds, whether adjudged to be with cause or adjudged or recognized to be without cause, material modification of the terms of employment under Article 41 of the
Workers’ Statute, relocation under Article 40 of the Workers’ Statute, Article 50 of the Workers’ Statute, unilateral withdrawal by the Employer, and under Article 10.3 of Royal Decree 1382/1985. 

Furthermore, the Associate understands that the Company has unilaterally, gratuitously and discretionally decided to grant the RSUs under the Plan to
individuals who may be employees of the Willis Group or a Designated Associate Company. The decision is a limited decision that is entered into upon the express assumption and condition that any grant will not economically or otherwise bind the
Company, its Subsidiaries or a Designated Associate Company on an ongoing basis. Consequently, the Associate understands that the RSUs are granted on the assumption and condition that the RSUs and the Shares underlying the RSUs shall not become a
part of any employment or service contract (either with the Company, the Employer or any Subsidiary or Designated Associate Company) and shall not be considered a mandatory benefit, salary for any purposes (including severance compensation) or any
other right whatsoever. In addition, the Associate understands that the RSUs would not be granted to the Associate but for the assumptions and conditions referred to above; thus, the Associate acknowledges and freely accepts that should any or all
of the assumptions be mistaken or should any of the conditions not be met for any reason, then any RSU Award granted to the Associate shall be null and void. 
 Notifications 
 Securities Law Information 

The RSUs described in the Agreement and this Schedule A do not qualify under Spanish regulations as securities. No “offer of securities to the
public”, as defined under Spanish law, has taken place or will take place in the Spanish territory in connection with the grant of the RSUs. The Agreement (including this Schedule A) has not been nor will it be registered with the
Comisión Nacional del Mercado de Valores, and does not constitute a public offering prospectus. 

  
 33 

 Exchange Control Information 
 The Associate must declare the acquisition of Shares under the Plan, for statistical purposes, to the Spanish Dirección General de Comercio e Inversiones (the “DGCI”), the Bureau
for Commerce and Investments, which is a department of the Ministry of Economy and Competiveness. The Associate must declare the ownership of any Shares to the DGCI each January while the Shares are owned. 

When receiving foreign currency payments derived from the ownership of Shares (i.e., dividends or sale proceeds), the Associate must inform the
financial institution receiving the payment of the basis upon which such payment is made if the payment exceeds €50,000. The Associate will need to provide the institution with the following information: (i) the Associate’s name,
address, and tax identification number; (ii) the name and corporate domicile of the Company; (iii) the amount of the payment; the currency used; (iv) the country of origin; (v) the reasons for the payment; and (vi) further
information that may be required. 
 SWEDEN 
 There are no country-specific provisions. 
 SWITZERLAND 

Notifications 
 Securities Law
Information 
 The RSU Award is considered a private offering in Switzerland; therefore, it is not subject to registration. 

UNITED KINGDOM 
 Terms and
Conditions 
 RSU Payment 

This provision supplements Section 2.2 of the Agreement: 
 The RSUs do not provide any right for the Associate to receive a cash payment and the RSUs will be settled in Shares only. 
 Tax Withholding Obligations 
 The following provisions supplement Section 2.5 of the
Agreement: 
 The Associate agrees that if he or she does not pay or the Employer or the Company does not withhold from the Associate the full
amount of Tax-Related Items that the Associate owes at vesting, or the release or assignment of the RSUs for consideration, or the receipt of any other benefit in connection with the RSUs (the “Taxable Event”), within 90 days after the
Taxable Event or such other period specified in section 222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003, then the amount that should have been withheld shall constitute a loan owed

  
 34 

 
by the Associate to the Employer, effective 90 days after the Taxable Event. The Associate agrees that the loan will bear interest at the official rate of HM Revenue & Customs
(“HMRC”) and will be immediately due and repayable by the Associate, and the Company and/or the Employer may recover it at any time thereafter by withholding the funds from salary, bonus or any other funds due to the Associate by the
Employer, by withholding in Shares issued at vesting or from the cash proceeds from the sale of Shares or by demanding cash or a check from the Associate. The Associate also authorizes the Company to delay the issuance of any Shares unless and until
the loan is repaid in full. The Associate acknowledges that the Company or the Employer may recover any such additional income tax and NICs (including Employer NICs) at any time thereafter by any of the means referred to in Section 2.5 of the
Agreement, although the Associate acknowledges that the Associate ultimately will be responsible for reporting any income tax or National Insurance Contributions (“NICs”) due on this additional benefit directly to HMRC under the
self-assessment regime. 
 Notwithstanding the foregoing, the Associate understands and agrees that if he or she is an officer or Director (as
within the meaning of Section 13(k) of the Exchange Act), the Associate will not be eligible for such a loan to cover the income tax. In the event that the Associate is a Director or executive officer and the income tax is not collected from or
paid by him or her by the Due Date, the Associate understands that the amount of any uncollected Tax-Related Items will constitute a benefit to him on which additional income tax and NICs (including Employer NICs) will be payable. The Associate
understands and agrees that he will be responsible for reporting and paying any income tax and NICs due on this additional benefit directly to HMRC under the self-assessment regime. 
 Joint Election 
 If the Associate is a U.K. tax resident, the Company may require the
Associate to accept any liability for any employer National Insurance contributions (“Employer NICs”) which may be payable by the Employer in connection with the vesting, assignment, release or cancellation of any RSUs. The Employer NICs
may be collected by the Company or the Employer using any of the methods described in Section 2.5 of the Agreement. Without prejudice to the foregoing, the Associate agrees to execute or accept the terms of a joint election with the Company
and/or the Employer (“Election”), the form of such Election being formally approved by HMRC, and any other consent or elections required to accomplish the transfer of the Employer NICs to the Associate. The Associate further agrees to
execute or accept the terms of such other joint elections as may be required between the Associate and any successor to the Company and/or the Employer. If the Associate does not make an Election prior to the vesting of the RSUs or if approval to
the Election is withdrawn by HMRC and a new Election is not entered into, without any liability to the Company, the Employer or any Subsidiary or Designated Associate Company, the RSUs shall become null and void without any liability to the Company
and/or the Employer and will not vest. 
 UNITED STATES OF AMERICA 
 Notifications 
 Exchange Control Information 

Under the Foreign Account Tax Compliance Act (“FATCA”), United States taxpayers who hold Shares or rights to acquire Shares (i.e., RSUs)
may be required to report certain information 

  
 35 

 
related to their holdings to the extent the aggregate value of the RSUs/Shares exceeds certain thresholds (depending on the Associate’s filing status) with the Associate’s annual tax
return. The Associate is advised to consult with his or her personal tax or legal advisor regarding any FATCA reporting requirements with respect to the RSUs or any Shares acquired under the Plan. 

In addition, United States persons who have signature or other authority over, or a financial interest in, bank, securities or other financial accounts
outside of the United States (including a non-U.S. brokerage account holding the Shares or proceeds from the sale of Shares) must file a Foreign Bank and Financial Accounts Report (“FBAR”) with the United States Internal Revenue Service
each calendar year in which the aggregate value of the accounts exceeds $10,000. The FBAR must be on file by June 30 of each calendar year for accounts held in the previous year which exceed the aggregate value. 

  
 36 

 SCHEDULE B 

AGREEMENT OF RESTRICTIVE COVENANTS AND OTHER OBLIGATIONS 
 FOR EMPLOYEES IN THE UNITED STATES 
 This Agreement of Restrictive
Covenants and Other Obligations for Employees in the United States (the “RCA”) is entered into by and between Willis Group Holdings Public Limited Company (the Company) and the participant (the “Participant”) to be effective as
of the date the Participant signs or electronically accepts this RCA. 
 RECITALS 

Whereas, Participant is employed by a Subsidiary of the Company; 

Whereas, subject to approval by the Committee or the Company’s Share Award Committee, the Participant has been designated to
receive a grant of performance-based share options, time-based share options, performance-based restricted share units (“RSUs”) or time-based RSUs under the Company’s 2012 Equity Incentive Plan (the “Plan”) and/or
performance or time-based cash awards (“Cash Awards” and collectively with time-based or performance-based share options and time-based or performance-based RSUs under the Plan, “Awards”); 

Whereas, any share option or RSU Award is subject to the terms and conditions of the Plan, the applicable award agreement
(including any country specific terms thereto), and this RCA and in consideration of the applicable share option and/or RSU Award, the Participant shall enter into and acknowledge his or her agreement to the terms and conditions of the Plan, the
award agreement and this RCA; 
 Whereas, the Cash Awards are subject to the applicable award agreement (including any
country specific terms thereto) and any other terms and conditions the Company may impose, including the requirement to enter into this RCA in order to be eligible to receive a Cash Award; 

Whereas, any Award granted to the Participant is subject to the terms and conditions of the Plan and/or the award agreement
applicable to the Participant’s Award (including any country specific terms thereto), and this RCA and in consideration of the Award, the Participant shall enter into and acknowledge his or her agreement to the terms and conditions of the Plan,
the award agreement and this RCA; 
 Whereas, the Participant acknowledges and agrees that he or she desires to receive
the Award and understands and agrees any Award is subject to the terms and conditions set forth in the Plan, the applicable award agreement and this RCA. 

  
 37 

 NOW, THEREFORE, in consideration of the mutual covenants and promises contained
herein and for other valuable consideration, in particular the Award, the receipt and sufficiency of which is hereby acknowledged in this recital and within Section 6.4 below, the Parties hereto agree, with the intent to be bound, as follows:

 AGREEMENT OF RESTRICTIVE COVENANTS AND OTHER OBLIGATIONS 

FOR EMPLOYEES IN THE UNITED STATES 
 Section 1— Recitals 
 The Recitals set forth above are an integral
part of this RCA, and are incorporated herein by reference. 
 Section 2—Definitions 

 

	 	2.1	“Award” shall have the meaning as set forth in the recitals. 

 

	 	2.2	“Business” shall mean insurance brokerage, reinsurance brokerage, surety brokerage, bond brokerage, insurance agency, underwriting agency, managing
general agency, risk management, claims administration, self-insurance, risk management consulting or other business performed by the Restricted Group. 

  

	 	2.3	“Competitor” shall mean any business principally engaged in insurance brokerage, reinsurance brokerage, surety brokerage, bond brokerage, insurance
agency, underwriting agency, managing general agency, risk management, claims administration, self-insurance, risk management consulting or other business which is either performed by the Restricted Group or is a business in which the Restricted
Group has taken steps toward engaging. 

  

	 	2.4	“Confidential Information” shall mean all trade secrets and non-public information concerning the financial data, strategic business plans, and other
non-public, proprietary, and confidential information of the Restricted Group. Confidential Information includes, but is not limited to, the following information: identities of Relevant Clients and Relevant Prospects; identities of companies from
which any Subsidiary obtains insurance coverage for Relevant Clients and Relevant Prospects; policy terms, conditions, rates and expiration dates pertaining to Relevant Clients and Relevant Prospects; risk characteristics of Relevant Clients and
Relevant Prospects; and non-public information of the Restricted Group concerning insurance markets for particular risks. Confidential Information shall not include information that is within public domain, provided that Participant was not
responsible, directly or indirectly, for such information entering the public domain without the Restricted Group’s consent. 

  

	 	2.5	“Directly or indirectly” shall mean the Participant acting either alone or jointly with or on behalf of or by means of or in concert with any other
person, firm or company (whether as principal, partner, manager, employee, contractor, director, consultant, investor or similar capacity) or otherwise. 

  

	 	2.5	“Employer” shall mean the Subsidiary that employs the Participant. If the Company ever becomes an employer of the Participant, then the term Employer
shall refer to the Company. 

  

	 	2.6	“Employment Agreement” shall mean the contractual terms and conditions which govern the employment of the Participant by Employer.

  
 38 

	 	2.8	“Key Personnel” shall mean any person who is at the date the Participant ceases to be an employee of Employer or was (i) at any time during the
period of twelve (12) months prior to that date employed by the Restricted Group, (ii) an employee with whom Participant had dealings, and (iii) employed by or engaged in the Business in a managerial capacity, or was an employee with
insurance, reinsurance or other technical expertise. 

  

	 	2.9	“Plan” shall have the meaning set forth in the recitals. 

  

	 	2.10	“Relevant Area” shall mean the counties, parishes, districts, municipalities, cities, metropolitan regions, localities and similar geographic and
political subdivisions, within and outside of the United States of America, in which the Employer, the Company or any of its Subsidiaries has carried on Business in which the Participant has been involved or concerned or working on at any time
during the period of twelve (12) months prior to the date on which the Participant ceases to be an employed by Employer 

  

	 	2.11	“Relevant Client” shall mean any person, firm or company who or which at any time during the period of twelve (12) months prior to the date on
which the Participant ceases to be employed by Employer is or was a client or customer of the Employer, the Company or any of its Subsidiaries or was in the habit and/or practice of dealing under contract with the Employer, the Company or any of its
Subsidiaries and with whom or which the Participant had dealings related to the Business) or for whose relationship with the Employer, the Company or any of its Subsidiaries the Participant had responsibility at any time during the said period.

  

	 	2.12	“Relevant Period” shall mean the period of twenty four (24) months following the date on which the Participant ceases to be employed by Employer.

  

	 	2.13	“Relevant Prospect” shall mean any person, firm or company who or which at any time during the period of six (6) months prior to the date on which
the Participant ceases to be employed by Employer was an active prospective client of the Employer, the Company or any of its Subsidiaries with whom or with which the Participant had dealings related to the Business (other than in a minimal and
non-material way). 

  

	 	2.14	“Restricted Group” shall mean the Company and its Subsidiaries, including the Employer, as in existence during the Participant’s employment with
Employer and as of the date such employment ceases. 

  

	 	2.15	“Subsidiary” shall mean a direct and/or indirect subsidiary of the Company as well as any associate company which is designated by the Company as being
eligible for participation in the Plan. 

 Section 3—Non-Solicit and Other Obligations 

 

	 	3.1	 The Participant acknowledges that by virtue of his or her management position and as an employee of Employer, the Participant has acquired and will
acquire knowledge of Confidential Information of the Restricted Group and their Business. The Participant further acknowledges that the Confidential Information which the Restricted Group has

  
 39 

	 	
provided and will provide to the Participant would give the Participant a significant advantage if the Participant were to directly or indirectly be engaged in any Business at a Competitor of the
Restricted Group. 

  

	 	3.2	Without the Company’s prior written consent, the Participant shall not directly or indirectly, at any time during or after the Participant’s employment with
any Employer, disclose any Confidential Information and shall use the Participant’s best efforts to prevent the taking or disclosure of any Confidential Information to a Competitor, or otherwise, except as reasonably may be required to be
disclosed by the Participant in the ordinary performance of his or her duties for Employer or as required by law. 

  

	 	3.3	The Participant shall not, for the Relevant Period, directly or indirectly for a Competitor or otherwise: 

3.3.1 within the Relevant Area, solicit any Relevant Client or Relevant Prospect for the purposes of any Business which competes or will
compete or seeks to compete with the Restricted Group; 
 3.3.2 within the Relevant Area, accept, perform services for, or deal
with any Relevant Client or Relevant Prospect for the purposes of any Business which competes or will compete or seeks to compete with the Restricted Group; 
 3.3.3 solicit for employment or entice away from the Restricted Group any Key Personnel; or 
 3. 3.4 employ or engage or endeavour to employ or engage any Key Personnel. 
  

	 	3.4	To the extent the Participant is a party to an Employment Agreement or other agreement with the Employer, the Company or any Subsidiary that contains post-employment
covenants and restrictions, those post-employment covenants and restrictions shall be separate and apart and independent from the covenants and restrictions set forth in Sections 3.2 and 3.3 herein. 

 

	 	3.5	Participant recognizes and agrees that the payment of damages will not be an adequate remedy for any breach by Participant of any of the covenants set forth in
Section 3 of this RCA. Participant recognizes that irreparable injury will result to Company and/or its Subsidiaries in the event of any such breach and therefore Participant agrees that Company may, in addition to recovering damages, proceed
in equity to enjoin Participant from violating any such covenant. 

  

	 	3.6	The Participant acknowledges that the provisions of this Section 3 are fair, reasonable and necessary to protect the goodwill and interests of the Restricted
Group. 

 Section 4—Governing Law & Jurisdiction 

 

	 	4.1	This RCA shall be governed by and construed in accordance with the laws of the state of New York, without regard to its conflicts of law principles.

  
 40 

	 	4.2	Any suit, action or proceeding arising out of or relating to this RCA shall only be brought in the State and Federal Courts located in the County of New York, State of
New York and the Parties hereto irrevocably and unconditionally submit accordingly to the exclusive jurisdiction of such courts for the purpose of any such suit, action or proceeding. The Participant hereby irrevocably and unconditionally waives any
objections he or she may now have or hereafter have to the laying of the venue of any suit, action or proceeding arising out of or relating to this RCA in the foregoing courts. The Participant further acknowledges that for purposes of N.Y.C.P.L.R.
327(b) and N.Y. G.O.L. Section 5-1402, the value of the Plan is in excess of One Million Dollars ($1,000,000) and the Participant hereby further irrevocably and unconditionally waives any claim that any such suit, action or proceeding brought
in the foregoing courts has been brought in an inconvenient forum. 

 Section 5—Consideration, Severability,
Beneficiaries & Effect on other agreements 
  

	 	5.1	The Parties acknowledge that the provisions of this RCA are severable. If any part or provision of this RCA shall be determined by any court or tribunal to be invalid,
then such partial invalidity shall not cause the remainder of this RCA to be or become invalid. If any provision hereof is held unenforceable on the basis that it exceeds what is reasonable for the protection of the goodwill and interests of the
Restricted Group, but would be valid if part of the wording were modified or deleted, as permitted by applicable law, then such restriction or obligation shall apply with such deletions or modifications as may be necessary to make it enforceable.

  

	 	5.2	The Participant acknowledges that he or she remains bound by any Employment Agreement or any other agreement currently in effect by and between the Participant, on the
one hand, and the Employer, the Company or any Subsidiary, on the other hand, including but not limited to any post-employment covenants and restrictions, and this RCA shall be in addition to, and not in place of any such agreements.

  

	 	5.3	Nothing contained in this RCA constitutes a promise or agreement to employ the Participant for a guaranteed term or otherwise modify the terms and conditions of the
Participant’s employment with the Employer. 

 Section 6—Miscellaneous 

 

	 	6.1	This RCA, and the provisions hereof, may not be modified, amended, terminated, or limited in any fashion except by written agreement signed by both parties hereto,
which specifically states that it is modifying, amending or terminating this RCA. 

  

	 	6.2	The rights and remedies of the Restricted Group under this RCA shall inure to the benefit of any and all of its/their successors, assigns, parent companies, sister
companies, subsidiaries and other affiliated corporations, and the successors and assigns of each of them. 

  

	 	6.3	The waiver by either party of any breach of this RCA shall not operate or be construed as a waiver of that party’s rights on any subsequent breach.

  
 41 

	 	6.4	The Participant acknowledges that the Award constitutes adequate consideration to support the covenants and promises made by the Participant within this RCA regardless
of whether such Award is ultimately beneficial to Participant. 

  

	 	6.5	The Participant acknowledges and agrees that the Participant shall be obliged to draw the provisions of Section 3 of this RCA to the attention of any third party
who may, at any time before or after the termination of the Participant’s employment with Employer, offer to employ or engage him or her and for or with whom Participant intends to work within the Relevant Period. 

 

	 	6.6	The various section headings contained in this RCA are for the purpose of convenience only and are not intended to define or limit the contents of such sections.

  

	 	6.7	This RCA may be executed in one or more counterparts, each of which shall constitute an original and all of which taken together shall constitute one and the same
document. This RCA will be binding, notwithstanding that either party’s signature is displayed only on a facsimile or electronic copy of the signature page. 

 

	 	6.8.	Any provisions which by their nature survive termination of this RCA, including the obligations set forth in Sections 3 and 4, shall survive termination of this RCA.

  

	 	6.9.	This RCA has been executed on behalf of the Company electronically and the Participant accepts the electronic signature of the Company. 

By the Participant’s execution or electronic acceptance of this RCA in the manner specified in the Participant’s online
account with the Company’s designated broker/stock plan administrator, the Participant and the Company have agreed to the terms and conditions of this RCA in connection with the Participant’s Award. 

Signed for and on behalf of 
 Willis
Group Holdings Public Limited Company by: 
  

			
	  

	Name: Adam Rosman
	Title: Group General Counsel

 Participant: 
  

					
	 Signature:
	  	  
	  	

					
			
	 Print Name:
	  	  
	  	

  
 42 

 AGREEMENT OF RESTRICTIVE COVENANTS AND OTHER OBLIGATIONS 

FOR EMPLOYEES OUTSIDE OF THE UNITED STATES 
 This Agreement of Restrictive Covenants and Other Obligations for Employees Outside of the United States (the “Non-U.S. RCA”) is entered into by and between Willis Group Holdings Public Limited
Company (the “Company”) and the participant (the “Participant”) to be effective as of the date the Participant signs or electronically accepts this RCA. 
 RECITALS 
 Whereas, Participant is employed by a subsidiary of the
Company; 
 Whereas, subject to approval by the Committee or the Company’s Share Award Committee, the Participant
has been designated to receive a grant of performance-based share options, time-based share options, performance-based restricted share units (“RSUs”) or time-based RSUs under the Company’s 2012 Equity Incentive Plan (the
“Plan”) and/or performance or time-based cash awards (“Cash Awards” and collectively with time-based or performance-based share options and time-based or performance-based RSUs under the Plan, “Awards”); 

Whereas, any share option or RSU Award is subject to the terms and conditions of the Plan, the applicable award agreement
(including any country-specific terms thereto), and this Non-U.S. RCA and in consideration of the applicable share option and/or RSU Award, the Participant shall enter into and acknowledge his or her agreement to the terms and conditions of the
Plan, the award agreement and this non-U.S. RCA; 
 Whereas, the Cash Awards are subject to the applicable award
agreement (including any country-specific terms thereto) and any other terms and conditions the Company may impose, including the requirement to enter into this Non-U.S. RCA in order to be eligible to receive a Cash Award; 

Whereas, Participant acknowledges and agrees that he or she desires to receive the (i) Award and understands and agrees such
Award is subject to the terms and conditions set forth in the Plan, the award agreement and this Non-U.S. RCA and (ii) Cash Awards and understands and agrees that such Cash Awards are subject to, among other things, the award agreement, this
Non-U.S. RCA and such other written agreements and documentation as the Company or the Employer may require; 
 NOW,
THEREFORE, in consideration of the mutual covenants and promises contained herein and for other valuable consideration, in particular the Awards, the sufficiency of which is acknowledged in this recital and within Section 5.4 below, the
parties hereby agree as follows: 
 AGREEMENT OF RESTRICTIVE COVENANTS AND OTHER OBLIGATIONS 

FOR EMPLOYEES OUTSIDE OF THE UNITED STATES 
 Section 1—Recitals 
 The Recitals set forth above are an integral
part of this Non-U.S. RCA, and are incorporated herein by reference. 

  
 43 

 Section 2—Definitions 

 

	 	2.1	“Award” shall have the meaning as set forth in the recitals. 

 

	 	2.2	“Business” shall mean insurance brokerage, reinsurance brokerage, surety brokerage, bond brokerage, insurance agency, underwriting agency, managing
general agency, risk management, claims administration, self-insurance, risk management consulting or other business performed by the Restricted Group. 

  

	 	2.3	“Competitor” shall mean any business principally engaged in insurance brokerage, reinsurance brokerage, surety brokerage, bond brokerage, insurance
agency, underwriting agency, managing general agency, risk management, claims administration, self-insurance, risk management consulting or other business which is either performed by the Restricted Group or is a business in which the Restricted
Group has taken steps toward engaging. It is further provided that Competitor includes, but is not limited to, the following businesses and their respective subsidiaries and/or other affiliates: Aon Corporation, Arthur J Gallagher & Co and
Marsh Incorporated. 

  

	 	2.4	“Confidential Information” shall mean all trade secrets and non-public information concerning the financial data, strategic business plans, and other
non-public, proprietary, and confidential information of the Company or any of its Subsidiaries. 

  

	 	2.4	“directly or indirectly” shall mean the Participant acting either alone or jointly with or on behalf of or by means of any other person, firm or
company (whether as principal, partner, manager, employee, contractor, director, consultant, investor or similar capacity). 

  

	 	2.5	“Employer” shall mean the Subsidiary that employs the Participant. If the Company ever becomes an employer of the Participant, then the term Employer
shall refer to the Company. 

  

	 	2.6	“Employment Agreement” shall mean the contractual terms and conditions which govern the employment of the Participant by Employer.

  

	 	2.7	“Garden Leave” shall mean any period during any notice period where Employer requires the Participant to remain available to respond to questions and
requests from the Employer, but not to enter into the office(s) of the Restricted Group without the prior written consent of Employer. 

  

	 	2.8	“Key Personnel” shall mean any person who is at the date the Participant ceases to be an employee of Employer or was at any time during the period of
twelve months prior to that date employed by the Restricted Group and who was an employee with whom the Participant had dealings other than in a minimal and non-material way and who was employed by or engaged in the Business in an executive or
senior managerial capacity, or was an employee with insurance, reinsurance or other technical expertise. 

  

	 	2.9	“Plan” shall have the meaning set forth in the recitals. 

  
 44 

	 	2.10	“Relevant Area” shall mean: such country or countries in which the Participant has carried on Business on behalf of the Company or any of its
Subsidiaries in which the Participant has been involved or concerned or worked on other than in a minimal and non-material way at any time during the period of 12 months prior to the date on which the Participant ceases to be employed by Employer.

  

	 	2.12	“Relevant Client” shall mean any person, firm or company who or which at any time during the period of twelve months prior to the date on which the
Participant ceases to be employed by Employer is or was a client or customer of the Company or any of its Subsidiaries or was in the habit and/or practice of dealing under contract with the Company or any of its Subsidiaries and with whom or which
the Participant had dealings related to the Business (other than in a minimal and non-material way) or for whose relationship with the Company or any of its Subsidiaries the Participant had responsibility at any time during the said period.

  

	 	2.13	“Relevant Period” shall mean the period of twelve months following the date on which the Participant ceases to be employed by Employer reduced by the
length of any period of Garden Leave (if applicable) observed by the Participant at the instruction of Employer. 

  

	 	2.14	“Relevant Prospect” shall mean any person, firm or company who or which at any time during the period of twelve months prior to the date on which the
Participant ceases to be employed by Employer was an active prospective client of the Company or any of its Subsidiaries with whom or with which the Participant had dealings related to the Business (other than in a minimal and non-material way).

  

	 	2.15	“Restricted Group” shall mean the Company and its Subsidiaries, as in existence during the Participant’s employment with Employer and as of the
date such employment ceases. 

  

	 	2.16	“Subsidiary” shall mean a direct and/or indirect subsidiary of the Company as well as any associate company which is designated by the Company as being
eligible for participation in the Plan. 

 Section 3—Non-Solicit and Other Obligations 

 

	 	3.1	The Participant acknowledges that by virtue of his or her senior management position and as an employee of Employer, the Participant has acquired and will acquire
knowledge of Confidential Information of the Restricted Group and their Business. The Participant further acknowledges that the Confidential Information which the Restricted Group has provided and will provide to the Participant would give the
Participant a significant advantage if the Participant were to directly or indirectly be engaged in any Business at a Competitor of the Restricted Group. 

  

	 	3.3	Without the Company’s prior written consent, the Participant shall not directly or indirectly, at any time during or after the Participant’s employment with
any Employer, disclose any Confidential Information and shall use the Participant’s best efforts to prevent the taking or disclosure of any Confidential Information, except as reasonably may be required to be disclosed by the Participant in the
ordinary performance of his or her duties for Employer or as required by law. 

  
 45 

	 	3.4	The Participant shall provide a minimum of three months notice or such notice contained in the Participant’s Employment Agreement, whichever is the longer, in the
event of his or her resignation from employment with Employer. The Participant shall provide a written resignation letter to Employer prior to the commencement of any such notice period. To the extent allowed by applicable law, the Participant may
be placed on Garden Leave for all or any portion of any notice period. During the notice period, whether or not the Participant is on Garden Leave, the Participant shall remain an employee of Employer and shall continue to receive the
Participant’s full salary and benefits. 

  

	 	3.4	The Company or Employer shall have the discretion to apply a shorter period than the three-month period set forth in 3.3. 

 

	 	3.5	The Participant shall not, for the Relevant Period, directly or indirectly: 

 3.5.1 within the Relevant Area, solicit any Relevant Client or Relevant Prospect for the purposes of any Business which competes or will compete or seeks to compete with the Restricted Group; 

3.5.2 within the Relevant Area, accept, perform services for, or deal with any Relevant Client or Relevant Prospect for the purposes of
any Business which competes or will compete or seeks to compete with the Restricted Group; 
 3.5.3 solicit for employment or
entice away from the Restricted Group any Key Personnel; or 
 3.5.4 employ or engage or endeavour to employ or engage any Key
Personnel. 
  

	 	3.6	To the extent the Participant is a party to an Employment Agreement or other agreement with the Restricted Group that contains post-employment restrictions, those
post-employment restrictions shall run concurrently with the post-employment restrictions contained in this Section 3. 

  

	 	3.7	The Participant acknowledges that the provisions of this Section 3 are fair, reasonable and necessary to protect the goodwill and interests of the Restricted
Group. 

 Section 4—Governing Law & Jurisdiction 

 

	 	4.1	This Non-U.S. RCA shall be governed by and construed in accordance with the laws of the jurisdiction in which Participant is employed by Employer, without regard to its
conflict of laws. 

  

	 	4.2	The courts of the jurisdiction in which the Participant is employed by Employer shall have jurisdiction to hear any suit, action or proceeding and to settle any
disputes which may arise out of or in connection with this Non-U.S. RCA and for such purposes the parties hereto irrevocably submit to the jurisdiction of such courts. 

  
 46 

 Section 5—Consideration, Severability, Beneficiaries & Effect on other agreements

  

	 	5.1	The Participant acknowledges that the covenants and undertakings he or she has made herein, including those made in Section 3, are being given for the benefit of
the Restricted Group, including Employer, and may be enforced by the Company and/or by its Subsidiaries, including for avoidance of doubt, Employer, on behalf of all or any of them and that such Subsidiaries are intended beneficiaries of this
Non-U.S. RCA. 

  

	 	5.2	The parties acknowledge that the provisions of this Non-U.S. RCA are severable. If any part or provision of this Non-U.S. RCA shall be determined by any court or
tribunal to be invalid, then such partial invalidity shall not cause the remainder of this Non-U.S. RCA to be or become invalid. If any provision hereof is held unenforceable on the basis that it exceeds what is reasonable for the protection of the
goodwill and interests of the Restricted Group, but would be valid if part of the wording were modified or deleted, as permitted by applicable law, then such restriction or obligation shall apply with such deletions or modifications as may be
necessary to make it enforceable. 

  

	 	5.3	The Participant acknowledges that he or she remains bound by any Employment Agreement or any other agreement entered into by the Participant with the Restricted Group
and this Non-U.S. RCA shall be in addition to, and not in place of any such agreements. The Participant further acknowledges that in the event of any breach by the Participant of any provision contained in such agreements or this Non-U.S. RCA, the
Company and/or any Subsidiary, including for avoidance of doubt Employer, may, in their discretion, enforce any term and condition of those agreements and/or this Non-U.S. RCA. 

 

	 	5.4	The Participant acknowledges that any Awards, separately and/or together, constitute adequate consideration to support the covenants and promises made by the
Participant within this Non-U.S. RCA. 

 Section 6—Miscellaneous 

 

	 	6.1	This Non-U.S. RCA may not be modified except by written agreement signed by both parties hereto. 

 

	 	6.2	The rights of the Restricted Group under this Non-U.S. RCA shall inure to the benefit of any and all of its/their successors, assigns, parent companies, sister
companies, subsidiaries and other affiliated corporations. 

  

	 	6.3	The waiver by either party of any breach of this Non-U.S. RCA shall not operate or be construed as a waiver of that party’s rights on any subsequent breach.

  

	 	6.4	 The Participant acknowledges and agrees that the Participant shall be obliged to draw the provisions of Section 3 to the attention of any third
party who may, at any time 

  
 47 

	 	
before or after the termination of the Participant’s employment with Employer, offer to employ or engage him and for or with whom the Participant intends to work within the Relevant Period.

  

	 	6.5	The various section headings contained in this Non-U.S. RCA are for the purpose of convenience only and are not intended to define or limit the contents of such
sections. 

  

	 	6.6	This Non-U.S. RCA may be executed in one or more counterparts, each of which shall constitute an original and all of which taken together shall constitute one and the
same document. This Non-U.S. RCA will be binding, notwithstanding that either party’s signature is displayed only on a facsimile copy of the signature page. 

 

	 	6.7.	Any provisions which by their nature survive termination of this Non-U.S. RCA, including the obligations set forth in Sections 3 and 4 shall survive termination of this
Non-U.S. RCA. 

 By the Participant’s execution or electronic acceptance of this RCA in the manner specified in the
Participant’s online account with the Company’s designated broker/stock plan administrator, the Participant and the Company have agreed to the terms and conditions of this RCA in connection with the Participant’s Award.

 Signed for and on behalf of 
 Willis Group Holdings Public Limited Company by: 
  

			
	  

	Name: Adam Rosman
	Title: Group General Counsel

 Participant: 
  

					
	 Signature:
	 	  
	 	

					
			
	 Print Name:
	 	  
	 	

  
 48 

 SCHEDULE C 

WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY 
 2012 EQUITY INCENTIVE PLAN 
 PERFORMANCE-BASED RESTRICTED SHARE UNIT
AWARD AGREEMENT 
 PERFORMANCE TARGETS 
 Performance Period: January 1, 2012—December 31, 2012 

Earned Date: Publication of Company’s Annual Financial Results 

Target 1: Adjusted Operating Margin (“OM”) Target [    ]% 

Percentage of PRSU Shares Subject to Target 1: 50% 

 

															
	 Performance Scale:*
	  	Below 90%	  	 	90-95%	  	  	 	95-100%	  	  	 	100% or above	  
		  	  
 (OM of below

[    ]%)
	  	  
  

 
  
	  
 (OM of

[    ]%-
 [    ]%)
	  
   

  
   
	  	 
  

 
	(OM of

[    ]%-
 [    ]%)
	  
   

  
	  			
					
	 Percentage of Earned Performance Shares:
	  	0%	  	 	80-90%	  	  	 	90-100%	  	  	 	100%	  

 Target 2: Adjusted Earnings Per Share (“EPS”) Target $[    ] 
 Percentage of PRSU Shares Subject to Target 2: 50% 
  

									
	 Performance Scale:*
	  	Below 90%	  	90-95%	  	95-100%	  	100% or above
		  	  
 (EPS of below

$[        ])
	  	  
 (EPS of

$[        ]-
 $[        ])
	  	(EPS of

$[        ]-
 $[        ])
	  	
					
	 Percentage of Earned Performance Shares:
	  	0%	  	80-90%	  	90-100%	  	100%

  

	*	Attainment level between Performance Objectives is subject to interpolation. 

  
 49Form of Time Based Restricted Share Unit Award Agreement

 Exhibit 10.5 
 WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY 
 2012 EQUITY INCENTIVE PLAN

 RESTRICTED SHARE UNIT AWARD AGREEMENT 
 FOR NON-EMPLOYEE DIRECTORS 
 THIS RESTRICTED SHARE UNIT AGREEMENT (this
“Agreement”), effective as of May 7, 2012, is made by and between Willis Group Holdings Public Limited Company, hereinafter referred to as the “Company,” and the individual (the “Director”) who has duly completed,
executed and delivered the Award Acceptance Form, a copy of which is attached hereto as Schedule A and which is deemed to be part hereof (the “Acceptance Form”). 
 WHEREAS, the Company wishes to carry out the Plan (as hereinafter defined), the terms of which are hereby incorporated by reference and made a part of this Agreement; and 

WHEREAS, the Committee (as defined in the Plan) has determined that it would be to the advantage and best interest of the Company and its
shareholders to grant an Award of Restricted Share Units (as hereinafter defined) provided for herein to the Director as an incentive for increased efforts during his or her term as a member of the Board (as defined in the Plan), and has advised the
Company thereof and instructed the undersigned officer to prepare the Agreement evidencing said Award; 
 NOW, THEREFORE, the
parties hereto do hereby agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Defined terms used in this Agreement shall have the meaning
specified in the Plan or below unless the context clearly indicates to the contrary. 
 Section 1.1 - Grant Date 

“Grant Date” shall be the date set forth in the Acceptance Form. 
 Section 1.2 - Plan 
 “Plan” shall mean the Willis Group
Holdings Public Limited Company 2012 Equity Incentive Plan, as amended from time to time. 
 Section 1.3 - Pronouns 

The masculine pronoun shall include the feminine and neuter, and the singular the plural, where the context so indicates. 

 Section 1.4 - Restricted Share Units 

“Restricted Share Units” or “RSUs” shall mean a conditional right to receive Shares pursuant to the terms of the Plan
and this Agreement upon vesting, as set forth in Section 3.1 of this Agreement. 
 Section 1.5 - Secretary 

“Secretary” shall mean the Secretary of the Company. 
 Section 1.6 - Shares 
 “Shares” means Ordinary Shares of
the Company, Nominal Value of $0.000115 per Share, which Shares may be authorized but unissued. 
 ARTICLE II 

GRANT OF RESTRICTED SHARE UNITS 
 Section 2.1 - Grant of the Restricted Share Units 
 Subject to
the terms and conditions of the Plan and the additional terms and conditions set forth in this Agreement, including any country-specific provisions set forth in Schedule B to this Agreement, the Company hereby grants RSUs to the Director, over a
number of Shares as stated in the Acceptance Form. 
 Section 2.2 - RSU Payment 

Pursuant to Section 7 of the Plan, the Shares to be issued upon vesting of the RSU must be fully paid up prior to vesting of the RSU
by payment of the Nominal Value per Share. The Committee shall ensure that payment of the Nominal Value for any Shares underlying the RSU is received by it on behalf of the Director prior to the vesting date from a non-Irish Subsidiary or other
source and shall establish any procedures or protocols necessary to ensure that payment is timely received. 
 Section 2.3 -
Director’s Service 
 The rights and obligations of the Director as a member of the Board shall not be affected by
his participation in this Plan or right to participate in the Plan, and the Director hereby waives any and all rights to compensation or damages in consequence of his termination as a member of the Board for any reason whatsoever insofar as those
rights arise or may arise from his ceasing to have rights under or be entitled to vest his RSUs following cessation of service. If, notwithstanding the foregoing, any such claim is allowed by a court of competent jurisdiction, then, by participating
in the Plan, the Director shall be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all documents necessary to request dismissal or withdrawal of such claims. 

  
 - 2 -

 Section 2.4 - Adjustments in RSUs Pursuant to Change of Control or Similar Event etc.

 Pursuant to Sections 12 and 13 of the Plan, in the event that the outstanding Shares subject to RSUs are, from time to time,
changed into or exchanged for a different number or kind of Shares or other securities, by reason of a share split, spin-off, share or extraordinary cash dividend, share combination or reclassification, recapitalization or merger, Change of Control,
or similar event, the Committee shall, in its absolute discretion, substitute or adjust proportionately the number and kind of Shares subject to the RSU. An adjustment may have the effect of reducing the price at which Shares may be acquired to less
than their Nominal Value (the “Shortfall”), but only if and to the extent that the Committee shall be authorized to capitalize from the reserves of the Company a sum equal to the Shortfall and to apply that sum in paying up that amount on
the Shares. In the event of a Change of Control and regardless of whether the RSUs are assumed or substituted by a successor company, the RSUs shall not immediately vest unless the Committee so determines at the time of the Change of Control, in its
absolute discretion, on such terms and conditions that the Committee deems appropriate. Any such adjustment or determination made by the Committee shall be final and binding upon the Director, the Company and all other interested persons.

 Section 2.5 - Director Costs 
 The Director must make full payment to the Company by which the Director is providing service of all Tax-Related Items, which under federal, state, local or foreign law, the Company or any Subsidiary is
required to withhold upon vesting, settlement or other tax event of the RSUs. In a case where the Company is obliged to (or would suffer a disadvantage if it were not to) account for any Tax (in any jurisdiction) for which the Director is liable by
virtue of the Director’s participation in the Plan and/or any social insurance contributions recoverable from and legally applicable to the Director, the Director shall make full payment to the Company or any Subsidiary of an amount equal to
the Tax-Related Items, or otherwise enter into arrangements acceptable to the Company or any Subsidiary to satisfy all Tax-Related Items. In this regard, the Director may elect to satisfy the obligations with regard to all the Tax-Related Items by
one or a combination of the following: 
 (i) withholding from cash compensation paid to the Director by the Company; or

 (ii) withholding from proceeds of the sale of Shares acquired upon settlement of the RSUs either through a voluntary sale or
through a mandatory sale arranged by the Company (on the Director’s behalf pursuant to this authorization without further consent); or 
 (iii) withholding in Shares to be issued at settlement of the RSUs, unless the Committee in its sole discretion indicates that this withholding method is not available prior to the taxable or tax
withholding event. 
 Depending on the withholding method, the Company may withhold or account for Tax-Related Items by
considering applicable minimum statutory withholding rates or other applicable withholding rates, including maximum applicable rates, in which case the Director will receive a refund of any over-withheld amount in cash and will have no entitlement
to the Share equivalent. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Director is deemed to have been issued the full number of Shares subject to the vested RSUs, notwithstanding that a number
of Shares are held back solely for the purpose of paying the Tax-Related Items. 

  
 - 3 -

 Finally, the Director agrees to pay to the Company any amount of Tax-Related Items that the
Company may be required to withhold or account for as a result of the Director’s participation in the Plan that cannot be satisfied by the means previously described. The Company may refuse to issue or deliver the Shares or the proceeds of the
sale of Shares, if the Director fails to comply with the Director’s obligations in connection with the Tax-Related Items. 

ARTICLE III 

VESTING AND SETTLEMENT 

Section 3.1 - Vesting 
 (a) Provided the Director continues as a member of the Board through the vesting date, the RSUs shall become vested as follows: 

 

					
	 Vesting Date
	  	Percentage of Shares as to which
RSUs Become Vested	 
	 May 7, 2013
	  	 	100	% 

 (b) In the event the Director ceases to be a member of the Board, the RSUs, to the extent not vested,
shall be forfeited immediately unless (i) the Committee, in its sole discretion, determines that the RSUs shall become fully vested with respect to all or a portion of the Shares at the time the Director’s services end or (ii) except
as otherwise specified within the terms and conditions of Sections 3.1(c) and 3.1(d) below. 
 (c) In the event the Director
ceases to be a member of the Board as a result of death or Permanent Disability, the RSUs shall become fully vested with respect to all Shares underlying such RSU Award at the time the Director’s services end. 

(d) The RSUs may immediately vest, if the Committee, in its sole discretion, so determines subject to Section 2.4 of the Agreement,
upon the effective date of a Change of Control or other similar event. 
 Section 3.2 - Settlement; Conditions to Issuance of
Share Certificates 
 The Shares, which are to be delivered within one month of the vesting date, as set out in 3.1(a) above,
may be either previously authorized but unissued Shares. Such Shares shall be fully paid. The Company shall not be required to issue or deliver any certificate or certificates (or their electronic equivalent) for Shares allotted and issued upon the
applicable vesting date of the RSUs prior to fulfillment of all of the following conditions, and in any event, subject to Section 409A of the Code for U.S. taxpayers: 
 (a) The obtaining of approval or other clearance from any state, federal, local or foreign governmental agency which the Committee shall, in its absolute discretion, determine to be necessary or
advisable; and 

  
 - 4 -

 (b) The Director has paid or made arrangements to pay the Tax-Related Items pursuant to
Section 2.5. 
 Without limiting the generality of the foregoing, the Committee may in the case of U.S. resident directors
of the Company require an opinion of counsel reasonably acceptable to it to the effect that any subsequent transfer of Shares acquired on the vesting of RSUs does not violate the Exchange Act and may issue stop-transfer orders in the U.S. covering
such Shares. 
 Section 3.3 - Rights as Shareholder 
 The Director shall not be, nor have any of the rights or privileges of, a shareholder of the Company in respect of any Shares that may be received upon the settlement of the RSUs unless and until
certificates representing such Shares (or their electronic equivalent) shall have been issued by the Company to the Director. No dividend equivalent payments shall be made on the RSUs. 
 Section 3.4 - Limitation on Obligations 
 The Company’s
obligation with respect to the RSUs granted hereunder is limited solely to the delivery to the Director of Shares within the period when such Shares are due to be delivered hereunder, and in no way shall the Company become obligated to pay cash in
respect of such obligation. This RSU Award shall not be secured by any specific assets of the Company or any of its Subsidiaries, nor shall any assets of the Company or any of its Subsidiaries be designated as attributable or allocated to the
satisfaction of the Company’s obligations under this Agreement. In addition, the Company shall not be liable to the Director for damages relating to any delays in issuing the share certificates or its electronic equivalent to him (or his
designated entities), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. 
 ARTICLE IV 
 ADDITIONAL TERMS AND CONDITIONS OF THE RSUs 

Section 4.1 - Nature of Award 
 In accepting the RSUs, the Director acknowledges, understands and agrees that: 

(a) the Plan is established voluntarily by the Company, is discretionary in nature and may be amended, suspended or terminated by the
Company at any time, to the extent permitted by the Plan; 
 (b) the RSU Award is voluntary and occasional and does not create
any contractual or other right to receive future RSU Awards, or benefits in lieu of a RSU Award, even if RSU Awards have been granted repeatedly in the past; 

  
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 (c) all decisions with respect to future RSUs Awards or other grants, if any, will be at the
sole discretion of the Committee; 
 (d) the Director’s participation in the Plan is voluntary; 

(e) the RSUs and any Shares acquired under the Plan are not intended to replace any pension rights or compensation under any pension
arrangement; 
 (f) the RSUs and any Shares and the income value of the same are not part of normal or expected compensation for
purposes of calculating any severance, resignation, termination, redundancy, end of service payments, dismissal, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments; and 

(g) the future value of the Shares underlying the RSUs is unknown, indeterminable and cannot be predicted with certainty. 

Section 4.2 - No Advice Regarding Grant 
 The Company is not providing any tax, legal or financial advice, nor is the Company making any recommendations regarding the Director’s participation in the Plan, the issuance of Shares upon vesting
of the RSUs or sale of the Shares. The Director is hereby advised to consult with his own personal tax, legal and financial advisors regarding his participation in the Plan before taking any action related to the Plan. 

Section 4.3 - Director Reporting Obligation 
 Directors of the Company are subject to certain notification requirements under the Act. Directors must notify the company for which the Director is providing service of the Director’s interest in
the Company and the number and class of Shares or rights to which the interest relates within five days of the issuance or disposal of Shares or within five days of becoming aware of the event giving rise to the notification by submitting a Form 53.
This disclosure requirement also applies to any rights or Shares acquired by the Director’s spouse or children (under the age of 18). 
 ARTICLE V 
 DATA PRIVACY NOTICE AND CONSENT 

Section 5 - Data Privacy 
 (a) The Director hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of the Director’s personal data as described in this Agreement
and any other RSU materials (“Data”) by and among, as applicable, the Company and its Subsidiaries for the exclusive purpose of implementing, administering and managing the Director’s participation in the Plan. 

(b) The Director understands that the Company and its Subsidiaries may hold certain personal information about the Director,
including, but not limited to, the Director’s name, home address, telephone number, date of birth, social insurance number or other 

  
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identification number, compensation, nationality, job title, any Shares or directorships held in the Company, details of all RSUs or any other entitlement to Shares awarded, canceled, exercised,
vested, unvested or outstanding in the Director’s favor, for the exclusive purpose of implementing, administering and managing the Plan. 
 (c) The Director understands that Data will be transferred to Morgan Stanley Smith Barney or to any other third party assisting in the implementation, administration and management of the Plan. The
Director understands that the recipients of the Data may be located in the Director’s country or elsewhere, and that the recipients’ country (e.g., Ireland) may have different data privacy laws and protections from the Director’s
country. The Director understands that he may request a list with the names and addresses of any potential recipients of the Data by contacting his local human resources representative. The Director authorizes the Company, Morgan Stanley Smith
Barney and any other recipients of Data which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the
sole purpose of implementing, administering and managing his participation in the Plan. The Director understands that Data will be held only as long as is necessary to implement, administer and manage the Director’s participation in the Plan.
The Director understands that he may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by
contacting in writing the Company’s local human resources representative. Further, the Director understands that he or she is providing the consents herein on a purely voluntary basis. If the Director does not consent, or if Director later
seeks to revoke his or her consent, his or her service with the Company will not be adversely affected; the only adverse consequence of refusing or withdrawing the Director’s consent is that the Company would not be able to grant the Director
RSUs or other equity awards or administer or maintain such awards. Therefore, the Director understands that refusing or withdrawing his or her consent may affect the Director’s ability to participate in the Plan. For more information on the
consequences of the Director’s refusal to consent or withdrawal of consent, the Director understands that he or she may contact the Company’s local human resources representative. 

ARTICLE VI 

MISCELLANEOUS 

Section 6.1 - Administration 
 The Committee shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to
interpret or revoke any such rules. All actions taken and all interpretations and determinations made by the Committee shall be final and binding upon the Director, the Company and all other interested persons. No member of the Committee shall be
personally liable for any action, determination or interpretation made in good faith with respect to the Plan, the Agreement or the RSUs. In its absolute discretion, the Committee may at any time and from time to time exercise any and all rights and
duties of the Committee under the Plan and this Agreement. 

  
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 Section 6.2 - RSUs Not Transferable 

Neither the RSUs nor any interest or right therein or part thereof shall be subject to the debts, contracts or engagements of the Director
or his successors in interest or shall be subject to disposition by transfer, alienation, anticipation, pledge, encumbrance, assignment or any other means whether such disposition be voluntary or involuntary or by operation of law by judgment, levy,
attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null and void and of no effect; provided, however, that this Section 6.2 shall not prevent
transfers made solely for estate planning purposes or under a will or by the applicable laws of inheritance. 
 Section 6.3 -
Binding Effect 
 The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto
and their respective heirs, legal representatives, successors and assigns. 
 Section 6.4 - Notices 

Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company at the following address:

 Willis Group Holdings Public Limited Company 

c/o Willis North America, Inc. 
 One World Financial Center 
 New York, NY 10281 

Attention: Company Secretary 
 and any notice to be given to the Director shall be addressed to him at the address given beneath his signature hereto. 
 By a notice given pursuant to this Section 6.4, either party may hereafter designate a different address for notices to be given to him. Any notice that is required to be given to the Director shall,
if the Director is then deceased, be given to the Director’s personal representatives if such representatives have previously informed the Company of their status and address by written notice under this Section 6.4. Any notice shall have
been deemed duly given when sent by facsimile or enclosed in a properly sealed envelope or wrapper addressed as aforesaid, deposited (with postage prepaid) in a post office or branch post office regularly maintained by the United States Postal
Service or the United Kingdom’s Post Office or in the case of a notice given by an Director resident outside the United States of America or the United Kingdom, sent by facsimile or by a recognized international courier service. 

Section 6.5 - Titles 
 Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this Agreement. 

  
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 Section 6.6 - Applicability of Plan 

The RSU Award shall be subject to all of the terms and provisions of the Plan, to the extent applicable to the RSU Award. In the event of
any conflict between this Agreement and the Plan, the terms of the Plan shall control. 
 Section 6.7 - Amendment 

This Agreement may be amended only by a document executed by the parties hereto, which specifically states that it is amending this
Agreement. 
 Section 6.8 - Governing Law 
 This Agreement shall be governed by, and construed in accordance with the laws of Ireland, without regard to conflicts of law principles. 
 Section 6.9 - Jurisdiction; Arbitration 
 Each party hereto
hereby consents to the jurisdiction of the federal and state courts in the State of New York, irrevocably waives any objection it may now or hereafter have to laying of the venue of any suit, action, or proceeding in connection with this Agreement
in any such court, and hereby irrevocably waive any claim that any such suit, action or proceeding brought in any such court has been brought in any inconvenient forum. No suit, action or proceeding against the Company or the Director with respect
to this Agreement may be brought in any court, domestic or foreign, or before any similar domestic or foreign authority other than in a court of competent jurisdiction in the State of New York, and the Company and the Director hereby irrevocably
waive any right which he may otherwise have had to bring such action in any other court, domestic or foreign, or before any similar domestic or foreign authority. The Company and the Director hereby submit accordingly to the jurisdiction of such
courts for the purpose of any such suit, action or proceeding, and further agrees that service upon it shall be sufficient if made by registered mail; provided, however, with respect to the provisions of this Agreement governed by the
laws of the State of New York, any dispute hereunder or with regard to any document or agreement referred to herein, shall be resolved by arbitration before the American Arbitration Association in New York City, New York. The determination of the
arbitrator shall be final and binding on the parties hereto and may be entered in any court of competent jurisdiction. In the event of any arbitration or other disputes with regard to this Agreement or any other document or agreement referred to
herein, the Company shall pay the Directors’ legal fees and disbursements promptly upon presentation of invoices thereof, subject to an obligation of the Director to repay such amounts if an arbitrator finds the Directors’ positions in
such arbitration or dispute to have been frivolous or made in bad faith. 
 Section 6.10 - Electronic Delivery and Acceptance

 The Company may, in its sole discretion, decide to deliver any documents related to current or future participation in the
Plan by electronic means. The Director hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or a third party
designated by the Company. 

  
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 Section 6.11 - Schedule B 

The RSUs shall be subject to any special provisions, if any, set forth in Schedule B for the Director’s country of residence. If the
Director relocates to one of the countries included in Schedule B during prior to the vesting of the RSUs, the special provisions for such country shall apply to the Director, to the extent the Company determines that the application of such
provisions is necessary or advisable for legal or administrative reasons. Schedule B constitutes part of this Agreement. 
 Section 6.12
- Severability 
 The provisions of this Agreement are severable and if any one or more provisions are determined to be
illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

Section 6.13 - Imposition of Other Requirements 
 The Company reserves the right to impose other requirements on the RSUs and the Shares acquired upon vesting of the RSUs, to the extent the Company determines it is necessary or advisable for legal or
administrative reasons, and to require the Director to sign any additional agreements or undertakings that may be necessary to accomplish the foregoing. 
 Section 6.14 - Code Section 409A 
 For purposes of U.S.
taxpayers, it is intended that the terms of the RSUs will comply with the provisions of Section 409A of the Code and the U.S. Treasury Regulations relating thereto so as not to subject the Director to the payment of additional taxes and
interest (or other adverse tax consequences) under Section 409A of the Code, and this Agreement will be interpreted, operated and administered in a manner that is consistent with this intent. In furtherance of this intent, the Committee may
adopt such amendments to this Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, in each case, without the consent of the Director, that the Committee
determines are reasonable, necessary or appropriate to comply with the requirements of Section 409A of the Code and related U.S. Department of Treasury guidance. In that light, the Willis Group makes no representation or covenant (and shall be
under no obligation) to ensure that the RSUs that are intended to be exempt from, or compliant with, Section 409A of the Code are not so exempt or compliant or for any action taken by the Committee with respect thereto. Nothing in the Agreement
shall provide a basis for any person to take action against the Willis Group based on matters covered by Section 409A of the Code, including the tax treatment of any Shares or other payments made under the RSUs granted hereunder, and the Willis
Group shall not under any circumstances have any liability to the Director or his estate or any other party for any taxes, penalties or interest due on amounts paid or payable under this Agreement, including taxes, penalties or interest imposed
under Section 409A of the Code. 
 Section 6.15 - Waiver 

The Director acknowledges that a waiver by the Company of breach of any provision of this Agreement shall not operate or be construed as a
waiver of any other provision of this Agreement, or of any subsequent breach by the Director or any Participant. 

  
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 Section 6.16 - Counterparts 

This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original and all of which together
shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the Company and the Director have each executed this Agreement. 

 

	
	WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY
	
	By:
	Name:
	Title:

  
 - 11 -

 SCHEDULE A 

WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY 
 2012 EQUITY INCENTIVE PLAN 
 RESTRICTED SHARE UNITS AWARD AGREEMENT-
ACCEPTANCE FORM FOR 
 NON-EMPLOYEE DIRECTORS 

 

			
	Name	 	
		
	Number of RSUs Granted	 	2,753
		
	Grant Date	 	May 7, 2012

 I accept the grant of Restricted Share Units (RSUs) under the Willis Group Holdings Public Limited Company 2012 Equity
Incentive Plan, as amended from time to time and I agree to be bound by the terms and conditions of the Restricted Share Units Award Agreement and the Schedules thereto dated [insert date]. 

 

	
	Signature:
	
	
	Address:

 Once completed, please return one copy of this form to: 

Willis Group Holdings Public Limited Company 

c/o Willis North America, Inc. 
 One World Financial Center 
 New York, NY 10281 

Attention: Company Secretary 

  
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 SCHEDULE B 

WILLIS GROUP HOLDINGS PUBLIC LIMITED COMPANY 
 2012 EQUITY INCENTIVE PLAN 
 APPENDIX TO 

RESTRICTED SHARES UNITS AWARD AGREEMENT FOR NON-EMPLOYEE 
 DIRECTORS 
 Terms and Conditions 

This Schedule B includes additional terms and conditions that govern the RSU Award granted to the Director under the Plan if the Director resides in one
of the countries listed below. This Schedule B forms part of the Agreement. Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Agreement or the Plan. 

Notifications 
 This Schedule B
also includes information based on the securities, exchange control and other laws in effect in the Director’s country as of May 2012. Such laws are often complex and change frequently. As a result, the Company strongly recommends that the
Director not rely on the information noted herein as the only source of information relating to the consequences of the Director’s participation in the Plan because the information may be out of date at the time the RSUs vest under the Plan.

 In addition, the information is general in nature. The Company is not providing the Director with any tax advice with respect to the RSUs.
The information provided below may not apply to the Director’s particular situation, and the Company is not in a position to assure the Director of any particular result. Accordingly, the Director is strongly advised to seek appropriate
professional advice as to how the tax or other laws in the Director’s country apply to the Director’s situation. 
 Finally, if
the Director is a citizen or resident of a country other than the one in which the Director is currently providing service, transfers his or her country of service after the Grant Date, or is considered a resident of another country for local law
purposes, the notifications contained herein may not be applicable to the Director, and the Company shall, in its discretion, determine to what extent the terms and conditions contained herein shall be applicable to the Director. 

IRELAND 
 There are no
country-specific provisions. 

  
 - 13 -

 UNITED KINGDOM 
 Terms and Conditions 
 RSU Payment. This provision supplements
Section 2.2 of the Agreement: 
 The RSUs do not provide any right for the Director to receive a cash payment and the RSUs will be settled
in Shares only. 
 Director Costs. This provision supplements Section 2.5 of the Agreement: 

The Director understands and agrees that it is his obligation to satisfy the full amount of Tax-Related Items that the Grantee owes at vesting of the
RSUs, or the release or assignment of the RSUs for consideration, or the receipt of any other benefit in connection with the RSUs (the “Taxable Event”) within 90 days after the Taxable Event, or such other period specified in section
222(1)(c) of the U.K. Income Tax (Earnings and Pensions) Act 2003. Notwithstanding the foregoing, where the Company is obliged to (or would suffer a disadvantage if it were not to) account for any income tax or National Insurance Contributions
(“NICs”) for which the Director is liable by virtue of the Director’s participation in the Plan, the Director shall make full payment to the Company or any Subsidiary of an amount equal to the Tax-Related Items, or otherwise enter
into arrangements acceptable to the Company or any Subsidiary to secure that such a payment by any method set forth in Section 2.5 of the Agreement within 90 days after the Taxable Event although the Director acknowledges that he ultimately
will be responsible for reporting any income tax or NICs due on the RSU income directly to the HMRC under the self-assessment regime. 

UNITED STATES OF AMERICA 

Notifications 
 Exchange Control
Information. Under the Foreign Account Tax Compliance Act (“FATCA”), United States persons who hold Shares or rights to acquire Shares (i.e., RSUs) may be required to report certain information related to their holdings in
Shares to the extent the aggregate value of the Shares exceeds certain thresholds (depending on the Director’s filing status) with the Director’s annual tax return. The Director is advised to consult with his or her personal tax or legal
advisor regarding any FATCA reporting requirements with respect to the RSUs or any Shares acquired under the Plan. 
 In addition, United States
persons who have signature or other authority over, or a financial interest in, bank, securities or other financial accounts outside of the United States (including a non-U.S. brokerage account holding the Shares or proceeds from the sale of Shares)
must file a Foreign Bank and Financial Accounts Report (“FBAR”) with the United States Internal Revenue Service each calendar year in which the aggregate value of the accounts exceeds $10,000. The FBAR must be on file by June 30 of
each calendar year for accounts held in the previous year which exceed the aggregate value. 

  
 - 14 -

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