Document:

LaSalle Investment Management Long Term Incentive Compensation Program

 Exhibit 10.19 
  

			
	Confidential	 	Jones Lang LaSalle Incorporated

 LaSalle Investment Management 
 Long-Term Incentive Compensation Plan 
 (As Amended and Restated and Effective
as of January 1, 2008) 
 I. Objectives 
 The
LaSalle Investment Management Long-Term Incentive Compensation Plan (the “Plan”) is designed to provide a financial incentive to selected executives and key contributors (the “Participants”) of LaSalle Investment Management
(“LIM”) that will: 
  

	 	(a)	Align their interests with those of the shareholders of Jones Lang LaSalle Incorporated (the “Company”), 

  

	 	(b)	Provide an incentive to grow both LIM’s core advisory revenues and margins and also its incentive fee revenues and margins, and 

  

	 	(c)	Provide a retention vehicle to promote continued employment with LIM by its key contributors. 

 The Plan represents an amendment and restatement in its entirety of the previous long-term plan for selected LIM employees that was effective through the end of calendar year 2007. 
 II. General Plan Provisions 
  

			
	Defined Terms:	  	Capitalized terms used herein without specific definition shall have the respective definitions given to them elsewhere in the Plan.
		
	Eligibility:	  	The Chief Executive Officer of LIM (the “LIM CEO”) and such other senior LIM employees (the “Participants”) as the LIM CEO and the Chief Executive Officer of the Company
(the “Company CEO”) may jointly designate as provided herein will be eligible to participate in the Plan. No individual will have an automatic right to participate in the Plan.
		
	Selection Procedures:	  	Prior to March 31 of each year, the LIM CEO will recommend to the Company CEO a list of those LIM employees for participation in the Plan. Once approved by the Company CEO, the LIM CEO
will confirm participation levels to eligible employees in writing. All Participants must be employed by LIM or the Company on the Award Date in order to receive an Award.
		
	 Performance
 Measurement:
	  	 Performance for purposes of the Plan will be evaluated using the following three LIM financial performance measures:
  
 1) Modified Cash Flow (“MCF”)
  
 This component of the Plan is designed to recognize the value added that the
Company receives from LIM’s entire business, including performance/incentive fees. MCF is defined as PGOI less equity earnings.
  
 2) Modified Base Cash Flow (“MBCF”)
  
 This component of the Plan is designed to recognize the value that the Company receives from enhancing LIM’s core advisory revenues and the
resulting margins. MBCF is defined as MCF less incentive fees net of any related team incentive bonus.
  
 3) Pre-Global Operating Income (“PGOI”)
  
 This component of the Plan includes all expenses related to the operation of LIM, including allocations, deferred compensation expenses associated
with existing conditional share and Stock Ownership Plan (“SOP”) awards as well as all amortized expenses under the Plan.

  

 1 

			
	Confidential	 	Jones Lang LaSalle Incorporated

  
  

			
		  	 These performance measures are intended to conform to current Company accounting and financial standards as reflected in its financial statements
under generally accepted accounting principles. All direct expenses will be included in the calculation of the above performance measures, including one time charges, integration and acquisition related costs and allocation of a portion of expenses
where LIM benefits directly.
  
 When appropriate in his discretion, the Company CEO
reserves right to make adjustments for income or expense items that are not consistent with the strategic purposes or operation of the Plan (for example, activities related to mergers and acquisitions or a single extraordinary or material
transaction).

		
	 Award
 Determination:
	  	Awards will be determined on a calendar year basis. An individual Participant will receive an Award based on the value of the specified point (“Point”) interest assigned for Plan
purposes at the beginning of each year. The value of a Point for a given year of the Plan will be determined by: multiplying (a) the amounts in excess of MBCF and MCF hurdles established for each year times (b) the Performance Sharing Rates
established as indicated below and then dividing by (c) the total number of Points allocated to Participants for such year.
		
	 Minimum
 Performance
 Requirements:
	  	In order for an Award to vest under the Plan, the actual LIM PGOI margin must exceed 15% and LIM’s total compensation and benefits expense as a percent of revenue must not exceed 60%. As a
result, compensation to be awarded under the LIM LTIP, or any other LIM compensation program, may be adjusted by the LIM CEO (upon consultation and approval by the Company CEO) in order to achieve these minimum performance
requirements.
		
	 Performance
 Sharing
 Rates:
	  	For purposes of determining the value of a Point, the Plan will share in amounts in excess of MBCF and MCF hurdles established for each year according to the “Performance Sharing
Rates” as documented in the minutes of the meeting of the Committee held on September 13, 2007 and maintained with the corporate records of the Company.
		
	Point Interest Allocation Methodology:	  	It is anticipated that a total of 100 Points will be allocated to Participants by no later than March 31 of each calendar year, to the extent recommended by the LIM CEO and approved by the
Company CEO.
		
	Initial Point Allocations:	  	 Initial point allocations are made to LIM employees who are not eligible to participate in any other Company long term incentive program or to
receive other stock awards that may be made to other employees on a periodic basis (“Senior Participants”).
  
 LIM employees that participate in other variable compensation programs may be allocated points at the beginning of the year to motivate performance during the period (“Annual Participants”). The LIM CEO
shall ensure that reasonable efforts are taken to identify new Annual Participants for initial point allocations by either promoting participation in the Plan from within LIM or the Company, or as a result of hiring new employees from outside of the
Company to maximize the prospects of achieving LIM’s growth opportunities.

  

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	Confidential	 	Jones Lang LaSalle Incorporated

  
  

			
		  	Once the initial point allocations are approved for Senior Participants and other Annual Participants, the LIM CEO will be assigned a point interest by the Company CEO, as approved by the
Committee. The LIM CEO shall receive no more than 15% of the initially unallocated points.
		
	Use of Unallocated or Forfeited Points	  	 Any unallocated points that remain at the end of a given year may be used on a discretionary basis to reward current employees who may have
previously been selected to participate in the Plan or to new employees.
  
 Forfeited
points that were assigned to Senior Participants or Annual Participants during the year may also be reallocated to other employees, as recommended by the LIM CEO and approved by the Company CEO.
  
 Any remaining points may be allocated to Senior Participants or Annual Participants at the end of the
year based on the LIM CEO’s assessment of each person’s relative contributions and approved by the Company CEO.

		
	 Form of
 Awards:
	  	Awards are anticipated to be made in a combination of cash (“Cash Awards”) and restricted stock units (“RSU Awards”) as of January 1 of the year following the end of the
calendar year to which performance relates. The pay mix will generally be 50% Cash Awards and 50% RSU Awards, with the final pay mix to be determined by the Compensation Committee of the Company’s Board of Directors (the “Committee”)
each year. The Committee reserves the right to pay less than 50% in RSU Awards provided that not more than 50% will be paid in RSU Awards. RSU Awards will otherwise be subject to the terms of the Company’s Stock Award and Incentive Plan (as
amended from time to time, the “SAIP”).
		
	Vesting:	  	Participants must be employed by LIM or the Company to receive an Award, as well as payment for any unvested Cash Awards or RSU Awards, subject to the provisions below and the terms of the SAIP.

		
	Cash Awards:	  	For Cash Awards, 50% of the Cash Award immediately vests and is paid at the same time that annual bonus payments are made for the prior year. The remaining 50% vests after twelve months and is
payable at the same time that annual bonus payments are made. Cash Awards are not credited with interest during the vesting period and are paid in local currency at the exchange rate in effect at the time the Cash Award vests.
		
	RSU Awards:	  	RSU Awards will be granted as of January 1 of the year following the end of the calendar year to which performance relates. Fifty percent (50%) of the RSU Award will vest twenty four (24) months
from the date of grant and the remaining fifty percent (50%) will vest thirty six (36) months from the date of grant.
		
	Dividend Equivalents:	  	The Board of Directors may, in its discretion, grant dividend equivalents to employees who were granted RSU Awards. Dividend equivalents are the right to receive cash, common stock, or other
property equal in value to the amount of dividends paid with respect to the Company’s common stock. RSU Awards do not otherwise have voting rights or a legal right to receive dividends until vested.
		
	Termination:	  	Except as set forth below under “Voluntary Termination due to ‘Rule of 65’ Retirement” and “Involuntary Termination due to Death/Disability,” Participants forfeit
unvested Cash Awards and RSU Awards if they voluntarily terminate employment with LIM or the Company or are terminated by LIM or the Company for Cause. For purposes of the Plan, “Cause” means failure to perform the Participant’s job
responsibilities in

  

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	Confidential	 	Jones Lang LaSalle Incorporated

  
  

			
		  	good faith, documented poor performance, falsification of Company records, theft, failure to cooperate with an investigation, conviction of any crime against the Company, any of the
Company’s subsidiaries or any of their employees, or a documented violation of the Company’s Code of Business Ethics. Participants do not retain any residual rights to receive new Awards beyond the date of their retirement, death or
disability.
		
	Change in Control:	  	All unvested Cash Awards and RSU Awards become 100% vested in the event of a Change in Control as defined in the SAIP and as determined by the Committee.
		
	Voluntary Termination due to “Rule of 65” Retirement:	  	All unvested Cash Awards and RSU Awards become 100% vested when an employee terminates employment when any of the following conditions have been met: (i) being at least 55 years old and having
any combination of age plus years of service to the Company and its affiliates equal to at least 65, or (ii) having reached the statutory retirement age as defined within the country of the employee’s residence or citizenship, as applicable. In
addition, as stipulated in the SAIP, the Company may in its discretion impose on a retired employee additional conditions regarding non-competition and non-solicitation of clients and employees in order for the retired employee to realize such
benefits.
		
	Involuntary Termination due to Death/Disability:	  	All unvested cash and RSUs become 100% vested when an employee terminates employment as a result of death or total disability, with distributions in accordance with the payout provisions above.

		
	Reallocation of Forfeited Awards	  	On or before December 31 each year, the Company establishes the total value of forfeited LIM LTIP awards for all Participants that terminated employment during the current calendar year by (a)
multiplying the grant date price of one share of Company common stock by the total number of RSU Awards forfeited during the year, and (b) adding the total value of cash awards forfeited during the year. The value of forfeited awards is added to the
total payout that is calculated for the current year, increasing the value of a Point.
		
	Strategic Alignment:	  	 The intent of this long-term incentive program is to ensure there is an appropriate degree of alignment between the Company and LIM relative to the
achievement of strategic business initiatives. While the Company recognizes that this Plan is necessary given the highly competitive labor market in which it operates, the Company also appreciates that LIM’s success can materially and favorably
effect the overall performance of the Company. LIM’s success, as supported by this Plan, will benefit employees and shareholders alike.
  
 In turn, both the Company and LIM understand that LIM must always act in the best interests of its clients, and select service providers that LIM believes are the most
qualified to meet the needs of its clients. Companies that provide property management and leasing as well as transactional services are among these service providers. In support of the Company’s overall mission, LIM will endeavor to use
affiliated service providers when the qualifications of same are market-leading and conflicts do not exist relative to understandings that may exist with a client. An active dialogue will occur between LIM and the Company to ensure this desired
strategic alignment is honored.

  

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	Confidential	 	Jones Lang LaSalle Incorporated

  
  

			
	Administration and Interpretation:	  	 The Plan will be administered by or under the discretion of the Committee. Subject to the provisions of the Company’s SAIP, the
Company’s CEO in his discretion, shall have the authority to approve eligibility to participate in the Plan and to establish the terms and conditions under which the awards become payable. In addition, the Company shall have the authority to
delegate such of its duties and authority under the Plan, including calculation of performance results.
  
 As the Plan is a Variable Compensation Plan contemplated by the Company’s SAIP, Awards under the Plan will be administered as performance based awards under the SAIP. The Plan shall be interpreted by the
Committee and such interpretations shall be final.

		
	Term of Plan:	  	Subject to the terms of the Company’s SAIP, the Plan will be effective for the five year performance period starting January 1, 2008 and ending December 31, 2012. It is anticipated (but not
guaranteed) that a subsequent long-term incentive plan would be developed following the expiration of this initial performance period, and such a plan would reflect market competitive compensation practices and business forecasts at that
time.
		
	Amendments:	  	The Plan is intended to continue in its initial form and not be amended during its term, provided, however, the Committee reserves the right to amend the Plan in order to maintain its original
objectives at any time during its term. In addition, the Committee may, at any time and from time to time, alter, amend, suspend or terminate the Plan in whole or part. Notwithstanding the foregoing, no amendment shall affect adversely any of the
rights of any Participant under any Award already then previously granted under the Plan.

  

 5Incorporated Deferred Compensation Plan

 Exhibit 10.20 
 JONES LANG LASALLE INCORPORATED 
 DEFERRED COMPENSATION PLAN 
 Effective January 1, 2004 
 (Amended and Restated as of January 1, 2007) 

 TABLE OF CONTENTS 
  

					
	 	  	Page
	ARTICLE 1	  	Definitions	  	1
			
	1.1  	  	“Account Balance”	  	1
	1.2  	  	“Annual Account”	  	1
	1.3  	  	“Annual Deferral Amount”	  	2
	1.4  	  	“Annual Installment Method”	  	2
	1.5  	  	“Base Salary”	  	2
	1.6  	  	“Beneficiary”	  	2
	1.7  	  	“Beneficiary Designation Form”.	  	2
	1.8  	  	“Benefit Distribution Date”	  	3
	1.9  	  	“Board”	  	3
	1.10	  	“Bonus”	  	3
	1.11	  	“Change in Control”	  	3
	1.12	  	“Code”	  	4
	1.13	  	“Commissions”	  	4
	1.14	  	“Committee”.	  	4
	1.15	  	“Company”	  	4
	1.16	  	“Company Contribution Amount”	  	4
	1.17	  	“Company Restoration Matching Amount”	  	4
	1.18	  	“Director”	  	4
	1.19	  	“Director Fees”	  	4
	1.20	  	“Disability” or “Disabled”	  	4
	1.21	  	“Election Form”	  	5
	1.22	  	“Employee”	  	5
	1.23	  	“Employer(s)”	  	5
	1.24	  	“ERISA”	  	5
	1.25	  	“401(k) Plan”	  	5
	1.26	  	“LTIP Amounts”	  	6
	1.27	  	“Participant”	  	6
	1.28	  	“Performance-Based Compensation”	  	6
	1.29	  	“Plan”	  	6
	1.30	  	“Plan Agreement”	  	6
	1.31	  	“Plan Year”	  	6
	1.32	  	“Restricted Stock”	  	6
	1.33	  	“Restricted Stock Account”	  	6
	1.34	  	“Restricted Stock Amount”	  	7
	1.35	  	“Retirement,” “Retire(s)” or “Retired”	  	7
	1.36	  	“Separation from Service”	  	7
	1.37	  	“SOP Account”	  	8
	1.38	  	“SOP Amount”	  	8
	1.39	  	“SOP Stock”	  	9
	1.40	  	“Stock”	  	9
	1.41	  	“Trust”	  	9

  

 2 

					
	1.42	  	“Unforeseeable Emergency”	  	9
	1.43	  	“Years of Service”	  	9
			
	ARTICLE 2	  	Selection, Enrollment, Eligibility	  	9
			
	2.1  	  	Selection by Committee	  	9
	2.2  	  	Enrollment and Eligibility Requirements; Commencement of Participation.	  	9
			
	ARTICLE 3	  	Deferral Commitments/Company Contribution Amounts/	  	10
			
	3.1  	  	Minimum and Maximum Deferrals.	  	10
	3.2  	  	Timing of Deferral Elections; Effect of Election Form.	  	11
	3.3  	  	Withholding and Crediting of Annual Deferral Amounts	  	12
	3.4  	  	Company Contribution Amount.	  	12
	3.5  	  	Company Restoration Matching Amount	  	13
	3.6  	  	SOP Amount	  	13
	3.7  	  	Restricted Stock Amount	  	14
	3.8  	  	Vesting.	  	14
	3.9  	  	Crediting/Debiting of Account Balances	  	15
	3.10	  	FICA and Other Taxes.	  	17
			
	ARTICLE 4	  	Scheduled Distribution; Unforeseeable Emergencies	  	18
			
	4.1  	  	Scheduled Distributions	  	18
	4.2  	  	Postponing Scheduled Distributions	  	19
	4.3  	  	Other Benefits Take Precedence Over Scheduled Distributions	  	19
	4.4  	  	Unforeseeable Emergencies.	  	19
			
	ARTICLE 5	  	Change in Control Benefit	  	20
			
	5.1  	  	Change in Control Benefit	  	20
	5.2  	  	Payment of Change in Control Benefit	  	20
			
	ARTICLE 6	  	Retirement Benefit	  	21
			
	6.1  	  	Retirement Benefit	  	21
			
	ARTICLE 7	  	Termination Benefit	  	22
			
	7.1  	  	Termination Benefit	  	22
	7.2  	  	Payment of Termination Benefit	  	22
			
	ARTICLE 8	  	Disability Benefit	  	22
			
	8.1  	  	Disability Benefit	  	22
	8.2  	  	Payment of Disability Benefit	  	22
			
	ARTICLE 9	  	Death Benefit	  	22

  

 3 

					
	9.1  	  	Death Benefit	  	22
	9.2  	  	Payment of Death Benefit	  	23
			
	ARTICLE 10	  	Beneficiary Designation	  	23
			
	10.1	  	Beneficiary	  	23
	10.2	  	Beneficiary Designation; Change; Spousal Consent	  	23
	10.3	  	Acknowledgment	  	23
	10.4	  	No Beneficiary Designation	  	23
	10.5	  	Doubt as to Beneficiary	  	23
	10.6	  	Discharge of Obligations	  	23
			
	ARTICLE 11	  	Leave of Absence	  	24
			
	11.1	  	Paid Leave of Absence	  	24
	11.2	  	Unpaid Leave of Absence	  	24
			
	ARTICLE 12	  	Termination of Plan, Amendment or Modification	  	24
			
	12.1	  	Termination of Plan	  	24
	12.2	  	Amendment	  	25
	12.3	  	Plan Agreement	  	25
	12.4	  	Effect of Payment	  	25
			
	ARTICLE 13	  	Administration	  	25
			
	13.1	  	Committee Duties	  	25
	13.2	  	Administration Upon Change In Control	  	25
	13.3	  	Agents	  	26
	13.4	  	Binding Effect of Decisions	  	26
	13.5	  	Indemnity of Committee	  	26
	13.6	  	Employer Information	  	26
			
	ARTICLE 14	  	Other Benefits and Agreements	  	27
			
	14.1	  	Coordination with Other Benefits	  	27
			
	ARTICLE 15	  	Claims Procedures	  	27
			
	15.1	  	Presentation of Claim	  	27
	15.2	  	Notification of Decision	  	27
	15.3	  	Review of a Denied Claim	  	28
	15.4	  	Decision on Review	  	28
	15.5	  	Legal Action	  	29
			
	ARTICLE 16	  	Trust	  	29
			
	16.1	  	Establishment of the Trust	  	29

  

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	16.2  	  	Interrelationship of the Plan and the Trust	  	29
	16.3  	  	Distributions From the Trust	  	29
			
	ARTICLE 17	  	Miscellaneous	  	29
			
	17.1  	  	Status of Plan	  	29
	17.2  	  	Unsecured General Creditor	  	29
	17.3  	  	Employer’s Liability	  	30
	17.4  	  	Nonassignability	  	30
	17.5  	  	Not a Contract of Employment	  	30
	17.6  	  	Furnishing Information	  	31
	17.7  	  	Terms	  	31
	17.8  	  	Captions	  	31
	17.9  	  	Governing Law	  	31
	17.10	  	Notice	  	31
	17.11	  	Successors	  	31
	17.12	  	Spouse’s Interest	  	32
	17.13	  	Validity	  	32
	17.14	  	Incompetent	  	32
	17.15	  	Domestic Relations Orders	  	32
	17.16	  	Distribution in the Event of Income Inclusion Under Code Section 409A	  	32
	17.17	  	Deduction Limitation on Benefit Payments	  	32
	17.18	  	Distribution in the Event of Taxation.	  	33
	17.19	  	Insurance	  	33
	17.20	  	Legal Fees To Enforce Rights After Change in Control	  	33
	17.21	  	Non-Competition and Non-Solicitation	  	34

  

 5 

 JONES LANG LASALLE INCORPORATED 
 DEFERRED COMPENSATION PLAN 
 Effective January 1, 2004 
 (Amended and Restated as of January 1, 2007) 
 Purpose 
 The purpose of this Plan is to provide specified benefits to Directors and a select group of management or
highly compensated Employees who contribute materially to the continued growth, development and future business success of Jones Lang LaSalle Incorporated, a Maryland corporation, and its subsidiaries, if any, that participate in the Plan. This Plan
shall be unfunded for tax purposes and for purposes of Title I of ERISA. 
 This Plan is intended to comply with all applicable law,
including Code Section 409A and related Treasury guidance and Regulations, and shall be operated and interpreted in accordance with this intention. In order to transition to the requirements of Code Section 409A and related Treasury
Regulations, the Committee may make available to Participants certain transition relief provided under Notices 2006-79 and 2007-86, as described more fully in Appendix A of this Plan. 
 This Plan shall apply to all amounts deferred hereunder on and after January 1, 2004. 
 ARTICLE 1 
 Definitions 
 For the purposes of this Plan, unless otherwise clearly apparent from the context, the following phrases or terms shall have the following indicated
meanings: 
  

	1.1	“Account Balance” shall mean an entry on the records of the Employer equal to the sum of a Participant’s (a) Annual Account balance, (b) SOP
Account balance, and (c) Restricted Stock Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his
or her designated Beneficiary, pursuant to this Plan. 

 If a Participant is both an Employee and a Director and participates in
the Plan in each capacity, then separate Account Balances (and separate Annual Accounts, SOP Accounts and Restricted Stock Accounts, if applicable) shall be established for such Participant as a device for the measurement and determination of the
(a) amounts deferred under the Plan that are attributable to the Participant’s status as an Employee, and (b) amounts deferred under the Plan that are attributable to the Participant’s status as a Director. 
  

	1.2	“Annual Account” shall mean an entry on the records of the Employer equal to (a) the sum of a Participant’s Annual Deferral Amount, Company
Contribution Amount and Company Restoration Matching Amount for any one Plan Year, plus (b) amounts credited or debited to such amounts pursuant to this Plan, less (c) all distributions made to the Participant or his or her Beneficiary
pursuant to this Plan that relate to the Annual Account for such Plan Year. The Annual Account shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a
Participant, or his or her designated Beneficiary, pursuant to this Plan. 

	1.3	“Annual Deferral Amount” shall mean that portion of a Participant’s Base Salary, Bonus, Commissions, Director Fees and LTIP Amounts that a Participant
defers in accordance with Article 3 for any one Plan Year, without regard to whether such amounts are withheld and credited during such Plan Year. 

  

	1.4	“Annual Installment Method” shall mean the method used to determine the amount of each payment due to a Participant who has elected to receive a benefit over
a period of years in accordance with the applicable provisions of the Plan. The amount of each annual payment due to the Participant shall be calculated by multiplying the balance of the Participant’s benefit by a fraction, the numerator of
which is one and the denominator of which is the remaining number of annual payments due to the Participant. The amount of the first annual payment shall be calculated as of the close of business on or around the Participant’s Benefit
Distribution Date, and the amount of each subsequent annual payment shall be calculated on or around each anniversary of such Benefit Distribution Date. Shares of Stock that shall be distributable from the SOP Account and the Restricted Stock
Account shall be distributable in shares of actual Stock in the same manner previously described. For purposes of this Plan, the right to receive a benefit payment in annual installments shall be treated as the entitlement to a single payment.

  

	1.5	“Base Salary” shall mean the annual cash compensation relating to services performed during any calendar year, excluding distributions from nonqualified
deferred compensation plans, bonuses, commissions, overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, director fees and other fees, and automobile and other allowances paid to a Participant for
employment services rendered (whether or not such allowances are included in the Participant’s gross income). Base Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Participant pursuant to
all qualified or nonqualified plans of any Employer and shall be calculated to include amounts not otherwise included in the Participant’s gross income under Code Sections 125, 402(e)(3), 402(h) or 403(b) pursuant to plans established by any
Employer; provided, however, that all such amounts shall be included in compensation only to the extent that had there been no such plan, the amount would have been payable in cash to the Participant. 

  

	1.6	“Beneficiary” shall mean one or more persons, trusts, estates or other entities designated in accordance with Article 10 that are entitled to receive
benefits under this Plan upon the Participant’s death. 

  

	1.7	“Beneficiary Designation Form” shall mean the form established from time to time by the Committee that a Participant completes, signs and returns to the
Committee to designate one or more Beneficiaries. 

  

 2 

	1.8	“Benefit Distribution Date” shall mean the date upon which all or an objectively determinable portion of a Participant’s vested benefits shall become
eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  

	1.9	“Board” shall mean the board of directors of the Company. 

  

	1.10	“Bonus” shall mean any cash compensation, in addition to Base Salary, Commissions and LTIP Amounts, earned by a Participant during a Plan Year under an
Employer’s annual bonus and cash incentive plans. 

  

	1.11	“Change in Control” shall mean the occurrence of a “change in the effective control” or a “change in the ownership of a substantial portion of
the assets” of a corporation, as determined in accordance with this Section. 

 In order for an event described below to
constitute a Change in Control with respect to a Participant, except as otherwise provided in paragraph (a)(ii) of this Section, the applicable event shall relate to the corporation for which the Participant is providing services, the corporation
that is liable for payment of the Participant’s Account Balance (or all corporations liable for payment if more than one), as identified by the Committee in accordance with Treasury Regulation Section 1.409A-3(i)(5)(ii)(A)(2), or such
other corporation identified by the Committee in accordance with Treasury Regulation Section 1.409A-3(i)(5)(ii)(A)(3). 
  

	 	(a)	A “change in the effective control” of the applicable corporation shall occur on either of the following dates: 

  

	 	(i)	The date on which any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition
by such person or persons) ownership of stock of such corporation that, together with stock held by such person or group, constitutes 50% or more of the total voting power of the stock of such corporation, as determined in accordance with Treasury
Regulation Section 1.409A-3(i)(5)(vi). If a person or group is considered to possess 50% or more of the total voting power of the stock of a corporation, and such person or group acquires additional stock of such corporation, the acquisition of
additional stock by such person or group shall not be considered to cause a “change in the effective control” of such corporation; or 

  

	 	(ii)	 The date on which a majority of the members of the applicable corporation’s board of directors is replaced during any 12-month period by directors whose
appointment or election is not endorsed by a majority of the members of such corporation’s board of directors before the date of the appointment or election, as determined in accordance with Treasury Regulation Section 1.409A-3(i)(5)(vi).
In determining whether the event described 

  

 3 

	 	 
in the preceding sentence has occurred, the applicable corporation to which the event must relate shall only include a corporation identified in accordance
with Treasury Regulation Section 1.409A-3(i)(5)(ii) for which no other corporation is a majority shareholder. 

  

	 	(b)	A “change in the ownership of a substantial portion of the assets” of the applicable corporation shall occur on the date on which any one person, or more than one person
acting as a group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the corporation that have a total gross fair market value more than 60% of the total
gross fair market value of all of the assets of the corporation immediately before such acquisition or acquisitions, as determined in accordance with Treasury Regulation Section 1.409A-3(i)(5)(vii). A transfer of assets shall not be treated as
a “change in the ownership of a substantial portion of the assets” when such transfer is made to an entity that is controlled by the shareholders of the transferor corporation, as determined in accordance with Treasury Regulation
Section 1.409A-3(i)(5)(vii)(B). 

  

	1.12	“Code” shall mean the Internal Revenue Code of 1986, as it may be amended from time to time. 

  

	1.13	“Commissions” shall mean the cash commissions earned by a Participant during a Plan Year, as determined in accordance with Code Section 409A and related
Treasury Regulations. 

  

	1.14	“Committee” shall mean the committee described in Article 13. 

  

	1.15	“Company” shall mean Jones Lang LaSalle Incorporated, a Maryland corporation, and any successor to all or substantially all of the Company’s assets or
business. 

  

	1.16	“Company Contribution Amount” shall mean, for any one Plan Year, the amount determined in accordance with Section 3.4. 

  

	1.17	“Company Restoration Matching Amount” shall mean, for any one Plan Year, the amount determined in accordance with Section 3.5. 

 

	1.18	“Director” shall mean any member of the board of directors of any Employer. 

  

	1.19	“Director Fees” shall mean the annual fees earned by a Director from any Employer, including retainer fees and meetings fees, as compensation for serving on
the board of directors. 

  

	1.20	 “Disability” or “Disabled” shall mean that a Participant is either (a) unable to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or (b) by reason of any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under
an accident and health plan covering 

  

 4 

	 	 
employees of the Participant’s Employer. For purposes of this Plan, a Participant shall be deemed Disabled if determined to be totally disabled by the
Social Security Administration. A Participant shall also be deemed Disabled if determined to be disabled in accordance with the applicable disability insurance program of such Participant’s Employer, provided that the definition of
“disability” applied under such disability insurance program complies with the requirements of this Section. 

  

	1.21	“Election Form” shall mean the form, which may be in electronic format, established from time to time by the Committee that a Participant completes, signs
and returns to the Committee to make an election under the Plan. 

  

	1.22	“Employee” shall mean a person who is an employee of an Employer. 

  

	1.23	“Employer(s)” shall be defined as follows: 

  

	 	(a)	Except as otherwise provided in paragraph (b) of this Section, the term “Employer” shall mean the Company and/or any of its subsidiaries (now in existence or
hereafter formed or acquired) that have been selected by the Board to participate in the Plan. 

  

	 	(b)	For the purpose of determining whether a Participant has experienced a Separation from Service, the term “Employer” shall mean: 

  

	 	(i)	The entity for which the Participant performs services and with respect to which the legally binding right to compensation deferred or contributed under this Plan arises; and

  

	 	(ii)	All other entities with which the entity described above would be aggregated and treated as a single employer under Code Section 414(b) (controlled group of corporations) and
Code Section 414(c) (a group of trades or businesses, whether or not incorporated, under common control), as applicable. In order to identify the group of entities described in the preceding sentence, the Committee shall use an ownership
threshold of at least 50% as a substitute for the 80% minimum ownership threshold that appears in, and otherwise shall be used when applying, the applicable provisions of (A) Code Section 1563 for determining a controlled group of
corporations under Code Section 414(b), and (B) Treasury Regulation Section 1.414(c)-2 for determining the trades or businesses that are under common control under Code Section 414(c). 

  

	1.24	“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as it may be amended from time to time. 

  

	1.25	“401(k) Plan” shall mean the Jones Lang LaSalle Incorporated Savings and Retirement Plan, originally adopted by the Company effective July 1, 1977, as
it may be amended from time to time. 

  

 5 

	1.26	“LTIP Amounts” shall mean any portion of the compensation attributable to a Plan Year that is earned by a Participant under an Employer’s long-term
incentive plan or any other long-term incentive arrangement designated by the Committee. 

  

	1.27	“Participant” shall mean any Employee or Director (a) who is selected by the Committee to participate in the Plan, (b) who elects to participate in
the Plan, (c) whose executed Plan Agreement, Election Form and Beneficiary Designation Form are accepted by the Committee, and (d) whose Plan Agreement has not terminated. A Participant’s spouse or former spouse shall not be treated
as a Participant in the Plan or have an Account Balance under the Plan, even if he or she has an interest in the Participant’s benefits under the Plan as a result of applicable law or property settlements resulting from legal separation or
divorce. 

  

	1.28	“Performance-Based Compensation” shall mean compensation the entitlement to or amount of which is contingent on the satisfaction of pre-established
organizational or individual performance criteria relating to a performance period of at least 12 consecutive months, as determined by the Committee in accordance with Treasury Regulation Section 1.409A-1(e). 

  

	1.29	“Plan” shall mean the Jones Lang LaSalle Incorporated Deferred Compensation Plan, which shall be evidenced by this instrument, as it may be amended from time
to time, and by any other documents that together with this instrument define a Participant’s rights to amounts credited to his or her Account Balance. 

  

	1.30	“Plan Agreement” shall mean a written agreement in the form prescribed by or acceptable to the Committee that evidences a Participant’s agreement to the
terms of the Plan and which may establish additional terms or conditions of Plan participation for a Participant. Unless otherwise determined by the Committee, the most recent Plan Agreement accepted with respect to a Participant shall supersede any
prior Plan Agreements for such Participant. Plan Agreements may vary among Participants and may provide additional benefits not set forth in the Plan or limit the benefits otherwise provided under the Plan. 

  

	1.31	“Plan Year” shall mean a period beginning on January 1 of each calendar year and continuing through December 31 of such calendar year.

  

	1.32	“Restricted Stock” shall mean rights to receive unvested shares of restricted stock selected by the Committee in its sole discretion and awarded to a
Participant under any Jones Lang LaSalle Incorporated stock incentive plan. 

  

	1.33	 “Restricted Stock Account” shall mean the aggregate value, measured on any given date, of (a) the number of shares of Restricted Stock
deferred by a Participant as a result of all Restricted Stock Amounts, plus (b) the number of additional shares credited to a Participant’s Restricted Stock Account as a result of the deemed reinvestment of dividends in accordance with
this Plan, less (c) the number of shares of Restricted Stock previously distributed to the Participant or his or her Beneficiary pursuant to this Plan, subject in each case to any adjustments to the number of such shares determined by the
Committee with 

  

 6 

	 	 
respect to the Jones Lang LaSalle Stock Unit Fund pursuant to Section 3.9. This portion of the Participant’s Account Balance shall only be
distributable in actual shares of Stock. 

  

	1.34	“Restricted Stock Amount” shall mean, with respect to a Participant for any one Plan Year, the amount of Restricted Stock deferred in accordance with
Section 3.7, calculated using the closing price of Stock at the end of the business day closest to the date such Restricted Stock would otherwise vest, but for the election to defer. In the event of a Participant’s Retirement, Disability,
death or a Separation from Service prior to the end of a Plan Year, such year’s Restricted Stock Amount shall be the actual amount withheld prior to such event. 

  

	1.35	“Retirement,” “Retire(s)” or “Retired” shall mean, with respect to a Participant who is an Employee, a
Separation from Service on or after the attainment of (a) age 55 with at least 10 Years of Service, or (b) age 55 and having any combination of age plus Years of Service equal to at least 65. “Retirement,” “Retire(s)”
or “Retired” with respect to a Participant who is a Director shall mean Separation from Service on or after the attainment of age 70. If a Participant is both an Employee and a Director and participates in the Plan in each capacity,
(a) the determination of whether the Participant qualifies for Retirement as an Employee shall be made when the Participant experiences a Separation from Service as an Employee and such determination shall only apply to the applicable Account
Balance established in accordance with Section 1.1 for amounts deferred under the Plan as an Employee, and (b) the determination of whether the Participant qualifies for Retirement as a Director shall be made at the time the Participant
experiences a Separation from Service as a Director and such determination shall only apply to the applicable Account Balance established in accordance with Section 1.1 for amounts deferred under the Plan as a Director.

  

	1.36	“Separation from Service” shall mean a termination of services provided by a Participant to his or her Employer, whether voluntarily or involuntarily, other
than by reason of death or Disability, as determined by the Committee in accordance with Treasury Regulation Section 1.409A-1(h). In determining whether a Participant has experienced a Separation from Service, the following provisions shall
apply: 

  

	 	(a)	For a Participant who provides services to an Employer as an Employee, except as otherwise provided in paragraph (c) of this Section, a Separation from Service shall occur when
such Participant has experienced a termination of employment with such Employer. A Participant shall be considered to have experienced a termination of employment when the facts and circumstances indicate that the Participant and his or her Employer
reasonably anticipate that either (i) no further services will be performed for the Employer after a certain date, or (ii) that the level of bona fide services the Participant will perform for an Employer after such date (whether as an
Employee or as a Director) will permanently decrease to no more than 20% of the average level of bona fide services performed by such Participant (whether as an Employee or a Director) over the immediately preceding 36-month period (or the full
period of services to the Employer if the Participant has been providing services to the Employer less than 36 months). 

  

 7 

 If a Participant is on military leave, sick leave or other bona fide leave of absence, the employment
relationship between the Participant and the Employer shall be treated as continuing intact, provided that the period of such leave does not exceed six months, or if longer, so long as the Participant retains a right to reemployment with the
Employer under an applicable statute or by contract. If the period of a military leave, sick leave or other bona fide leave of absence exceeds six months and the Participant does not retain a right to reemployment under an applicable statute or by
contract, the employment relationship shall be considered to be terminated for purposes of this Plan as of the first day immediately following the end of such six-month period. In applying the provisions of this paragraph, a leave of absence shall
be considered a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for the Employer. 
  

	 	(b)	For a Participant who provides services to an Employer as a Director, except as otherwise provided in paragraph (c) of this Section, a Separation from Service shall occur upon
the expiration of the contract (or in the case of more than one contract, all contracts) under which services are performed for such Employer, provided that the expiration of such contract(s) is determined by the Committee to constitute a good-faith
and complete termination of the contractual relationship between the Participant and such Employer. 

  

	 	(c)	If a Participant provides services for an Employer as both an Employee and as a Director, to the extent permitted by Treasury Regulation Section 1.409A-1(h)(5), the services
provided by such Participant as a Director shall not be taken into account in determining whether the Participant has experienced a Separation from Service as an Employee, and the services provided by such Participant as an Employee shall not be
taken into account in determining whether the Participant has experienced a Separation from Service as a Director. 

  

	1.37	“SOP Account” shall mean the aggregate value, measured on any given date, of (a) the number of shares of SOP Stock deferred by a Participant as a result
of all SOP Amounts, plus (b) the number of additional shares credited to a Participant’s SOP Account as a result of the deemed reinvestment of dividends in accordance with this Plan, less (c) the number of shares of SOP Stock
previously distributed to the Participant or his or her Beneficiary pursuant to this Plan, subject in each case to any adjustments to the number of such shares determined by the Committee with respect to the Jones Lang LaSalle Stock Unit Fund
pursuant to Section 3.9. This portion of the Participant’s Account Balance shall only be distributable in actual shares of Stock. 

  

	1.38	“SOP Amount” shall mean, with respect to a Participant for any one Plan Year, the amount of SOP Stock deferred in accordance with Section 3.6 of this
Plan, calculated using the closing price of Stock at the end of the business day closest to the date such SOP Stock would otherwise vest, but for the election to defer. In the event of a Participant’s Retirement, Disability, death or Separation
from Service prior to the end of a Plan Year, such year’s SOP Amount shall be the actual amount withheld prior to such event. 

  

 8 

	1.39	“SOP Stock” shall mean rights to receive unvested shares of Stock selected by the Committee in its sole discretion and awarded to the Participant under the
Jones Lang LaSalle Incorporated Amended and Restated Stock Award and Incentive Plan, as it may be amended from time to time. 

  

	1.40	“Stock” shall mean Jones Lang LaSalle Incorporated common stock, $.01 par value, or any other equity securities of the Company designated by the Committee.

  

	1.41	“Trust” shall mean one or more trusts established by the Company in accordance with Article 16. 

  

	1.42	“Unforeseeable Emergency” shall mean a severe financial hardship of the Participant resulting from (a) an illness or accident of the Participant, the
Participant’s spouse, the Participant’s Beneficiary or the Participant’s dependent (as defined in Code Section 152 without regard to paragraphs (b)(1), (b)(2) and (d)(1)(b) thereof), (b) a loss of the Participant’s
property due to casualty, or (c) such other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, all as determined by the Committee based on the relevant facts and
circumstances. 

  

	1.43	“Years of Service” shall mean the total number of full years in which a Participant has been employed by (a) the Company, (b) any member of the
Company’s controlled group under Code Section 414, and (c) any other entity designated by the Board of Directors. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap
year) that, for the first year of employment, commences on the Participant’s hiring date and that, for any subsequent year, commences on an anniversary of that hiring date. The Committee shall make a determination as to whether any partial
years of employment shall be counted as a Year of Service. 

 ARTICLE 2 
 Selection, Enrollment, Eligibility 
  

	2.1	Selection by Committee. Participation in the Plan shall be limited to Directors and, as determined by the Committee in its sole discretion, a select group of
management or highly compensated Employees. From that group, the Committee shall select, in its sole discretion, those individuals who may actually participate in this Plan. 

  

	2.2	Enrollment and Eligibility Requirements; Commencement of Participation. 

  

	 	(a)	As a condition to participation, each Director or selected Employee shall complete, execute and return to the Committee a Plan Agreement, an Election Form and a Beneficiary
Designation Form by the deadline(s) established by the Committee in accordance with the applicable provisions of this Plan. In addition, the Committee shall establish from time to time such other enrollment requirements as it determines, in its sole
discretion, are necessary. 

  

	 	(b)	 Provided an Employee or Director selected to participate in the Plan has met all enrollment requirements set forth in this Plan and required by the Committee,
including returning all required documents to the Committee within the specified 

  

 9 

	 	 
time period, that Employee or Director shall commence participation in the Plan on the first day of the month following the month in which the Employee or
Director completes all enrollment requirements. 

  

	 	(c)	If a Director or an Employee fails to meet all requirements established by the Committee within the period required, that Director or Employee shall not be eligible to participate
in the Plan during such Plan Year. 

 ARTICLE 3 
 Deferral Commitments/Company Contribution Amounts/ 
 Company
Restoration Matching Amounts/ Vesting/Crediting/Taxes 
  

	3.1	Minimum and Maximum Deferrals. 

  

	 	(a)	Annual Deferral, Restricted Stock and SOP Amounts. For each Plan Year, a Participant may elect to defer Base Salary, Bonus, Commissions, LTIP Amounts, Director Fees,
Restricted Stock Amounts and/or SOP Stock Amounts in the following minimum and maximum amounts for each deferral elected. 

  

								
	 Deferral
	  	Minimum Amount or
Percentage	 	 	Maximum Amount or
Percentage	 
	 Base Salary
	  	$	5,000 aggregate	 	 	75	%
	 Bonus
	  	$	5,000 aggregate	 	 	100	%
	 Commissions
	  	$	5,000 aggregate	 	 	100	%
	 LTIP Amounts
	  	$	5,000 aggregate	 	 	100	%
	 Director Fees
	  	$	0	 	 	100	%
	 SOP Stock
	  	 	0	%	 	100	%
	 Restricted Stock
	  	 	0	%	 	100	%

 If an election is made for less than the stated minimum amounts, or if no election is made, the
amounts deferred shall be zero. 
 Participants shall not be permitted to defer LTIP Amounts unless the Committee authorizes such deferrals,
in its discretion. 
  

	 	(b)	Short Plan Year. Notwithstanding the foregoing, if an Employee or Director first becomes a Participant after the first day of a Plan Year, then to the extent required
by Section 3.2 and Code Section 409A and related Treasury Regulations, the minimum Annual Deferral Amount, Restricted Stock Amount and/or SOP Stock Amount shall be an amount equal to the minimum set forth above, multiplied by a fraction,
the numerator of which is the number of complete months remaining in the Plan Year and the denominator of which is 12. The maximum Annual Deferral Amount, Restricted Stock Amount and/or SOP Stock Amount shall be determined by applying the
percentages set forth above to the portion of such compensation attributable to services performed after the date that the Participant’s deferral election is made. 

  

 10 

	3.2	Timing of Deferral Elections; Effect of Election Form. 

  

	 	 (a)
	 General Timing Rule for Deferral Elections. Except as otherwise provided in this Section 3.2, in
order for a Participant to make a valid election to defer Base Salary, Bonus, Commissions, Director Fees, LTIP Amounts, Restricted Stock Amounts and/or SOP Stock Amounts, the Participant shall submit an Election Form on or before the deadline
established by the Committee, which in no event shall be later than the December 31st preceding the Plan Year in which such compensation will
be earned. 

 Any deferral election made in accordance with this Section 3.2(a) shall be irrevocable; provided,
however, that if the Committee permits or requires Participants to make a deferral election by the deadline described above for an amount that qualifies as Performance-Based Compensation, the Committee may permit a Participant to subsequently change
his or her deferral election for such compensation by submitting a new Election Form in accordance with Section 3.2(c) below. 
  

	 	(b)	Timing of Deferral Elections for Newly Eligible Plan Participants. A Director or selected Employee who first becomes eligible to participate in the Plan on or after
the beginning of a Plan Year, as determined in accordance with Treasury Regulation Section 1.409A-2(a)(7)(ii) and the “plan aggregation” rules provided in Treasury Regulation Section 1.409A-1(c)(2), may be permitted to make an
election to defer the portion of Base Salary, Bonus, Commissions, Director Fees, LTIP Amounts, Restricted Stock Amounts and/or SOP Stock Amounts attributable to services to be performed after such election, provided that the Participant submits an
Election Form on or before the deadline established by the Committee, which in no event shall be later than 30 days after the Participant first becomes eligible to participate in the Plan. 

 If a deferral election made in accordance with this Section 3.2(b) relates to compensation earned based upon a specified performance period, the
amount eligible for deferral shall be equal to (i) the total amount of compensation for the performance period, multiplied by (ii) a fraction, the numerator of which is the number of days remaining in the service period after the
Participant’s deferral election is made, and the denominator of which is the total number of days in the performance period. 
 Any deferral election made in accordance with this Section 3.2(b) shall become irrevocable no
later than the 30th day after the date the Director or selected Employee becomes eligible to participate in the Plan. 
  

	 	(c)	Timing of Deferral Elections for Performance-Based Compensation. Subject to the limitations described below, the Committee may determine that an irrevocable deferral
election for an amount that qualifies as Performance-Based Compensation may be made by submitting an Election Form on or before the deadline established by the Committee, which in no event shall be later than six months before the end of the
performance period. 

  

 11 

 In order for a Participant to be eligible to make a deferral election for Performance-Based Compensation
in accordance with the deadline established pursuant to this Section 3.2(c), the Participant must have performed services continuously from the later of (i) the beginning of the performance period for such compensation, or (ii) the
date upon which the performance criteria for such compensation are established, through the date upon which the Participant makes the deferral election for such compensation. In no event shall a deferral election submitted under this
Section 3.2(c) be permitted to apply to any amount of Performance-Based Compensation that has become readily ascertainable. 
  

	 	 (d)
	 Timing Rule for Deferral of Compensation Subject to Risk of Forfeiture. With respect to compensation
(i) to which a Participant has a legally binding right to payment in a subsequent year, and (ii) that is subject to a forfeiture condition requiring the Participant’s continued services for a period of at least 12 months from the date
the Participant obtains the legally binding right, the Committee may determine that an irrevocable deferral election for such compensation may be made by timely delivering an Election Form to the Committee in accordance with its rules and
procedures, no later than the 30th day after the Participant obtains the legally binding right to the compensation, provided that the election is
made at least 12 months in advance of the earliest date at which the forfeiture condition could lapse, as determined in accordance with Treasury Regulation Section 1.409A-2(a)(5). 

 Any deferral election(s) made in accordance with this Section 3.2(d) shall become irrevocable
no later than the 30th day after the Participant obtains the legally binding right to the compensation subject to such deferral election(s).

  

	3.3	Withholding and Crediting of Annual Deferral Amounts. For each Plan Year, the Base Salary portion of the Annual Deferral Amount shall be withheld from each regularly
scheduled Base Salary payroll in equal amounts, as adjusted from time to time for increases and decreases in Base Salary. The Bonus, Commissions, LTIP Amounts and/or Director Fees portion of the Annual Deferral Amount shall be withheld at the time
the Bonus, Commissions, LTIP Amounts and/or Director Fees are or otherwise would be paid to the Participant, whether or not this occurs during the Plan Year itself. Annual Deferral Amounts shall be credited to the Participant’s Annual Account
for such Plan Year at the time such amounts would otherwise have been paid to the Participant. Participants shall not be permitted to defer LTIP Amounts unless such deferrals are authorized by the Committee, in its discretion.

  

	3.4	Company Contribution Amount. 

  

	 	(a)	 For each Plan Year, an Employer may be required to credit amounts to a Participant’s Annual Account in accordance with employment or other agreements entered
into between the Participant and the Employer, which amounts shall be 

  

 12 

	 	 
part of the Participant’s Company Contribution Amount for that Plan Year. Such amounts shall be credited to the Participant’s Annual Account for
the applicable Plan Year on the date or dates prescribed by such agreements. 

  

	 	(b)	For each Plan Year, an Employer, in its sole discretion, may, but is not required to, credit any amount it desires to any Participant’s Annual Account under this Plan, which
amount shall be part of the Participant’s Company Contribution Amount for that Plan Year. The amount so credited to a Participant may be smaller or larger than the amount credited to any other Participant, and the amount credited to any
Participant for a Plan Year may be zero, even though one or more other Participants receive a Company Contribution Amount for that Plan Year. The Company Contribution Amount described in this Section 3.4(b), if any, shall be credited to the
Participant’s Annual Account for the applicable Plan Year on a date or dates to be determined by the Committee, in its sole discretion. 

  

	 	(c)	If not otherwise specified in the Participant’s employment or other agreement entered into between the Participant and the Employer, the amount (or the method or formula for
determining the amount) of a Participant’s Company Contribution Amount shall be set forth in writing in one or more documents, which shall be deemed to be incorporated into this Plan in accordance with Section 1.29, no later than the date
on which such Company Contribution Amount is credited to the applicable Annual Account of the Participant. 

  

	3.5	Company Restoration Matching Amount. A Participant’s Company Restoration Matching Amount for any Plan Year shall be equal to (a) the “match”
provided under the 401(k) Plan that the Employer would have credited to the Participant on the amount of Base Salary and Bonus deferred into this Plan for such Plan Year had such Base Salary and Bonus deferral been contributed to the 401(k) Plan, to
the extent allowable under the limitations applicable to the 401(k) Plan, reduced by (b) the amount of the “match” the Employer makes to the Participant during such Plan Year under the 401(k) Plan. The amount so credited to a
Participant under this Plan for any Plan Year (i) may be smaller or larger than the amount credited to any other Participant, and (ii) may differ from the amount credited to such Participant in the preceding Plan Year. The
Participant’s Company Restoration Matching Amount, if any, shall be credited to the Participant’s Annual Account for the applicable Plan Year on a date or dates to be determined by the Committee. The amount (or the method or formula for
determining the amount) of a Participant’s Company Restoration Matching Amount shall be set forth in writing in one or more documents, which shall be deemed to be incorporated into this Plan in accordance with Section 1.29, no later than
the date on which such Company Restoration Matching Amount is credited to the applicable Annual Account of a Participant. 

  

	3.6	SOP Amount. Subject to any terms and conditions imposed by the Committee, Participants may elect to defer, under this Plan, SOP Stock, which amount shall be for that
Participant the SOP Amount for that Plan Year. The portion of any SOP Stock deferred shall, at the time the SOP Stock would otherwise vest under the terms of the Jones Lang LaSalle Incorporated Amended and Restated Stock Award and Incentive Plan,
but for the election to defer, be reflected on the books of the Employer as an unfunded, unsecured promise to deliver to the Participant a specific number of actual shares of Stock in the future. The Employer shall, however, transfer Stock in the
amount of the SOP Amount for that Plan Year to the grantor trust as described in Section 17.2. 

  

 13 

	3.7	Restricted Stock Amount. Subject to any terms and conditions imposed by the Committee, Participants may elect to defer, under the Plan, Restricted Stock, which amount
shall be for that Participant the Restricted Stock Amount for that Plan Year. The portion of any Restricted Stock deferred shall, at the time the Restricted Stock would otherwise vest under the terms of the Jones Lang LaSalle Incorporated stock
incentive plan, but for the election to defer, be reflected on the books of the Employer as an unfunded, unsecured promise to deliver to the Participant a specific number of actual shares of Stock in the future. The Employer shall, however, transfer
Stock in the amount of the Restricted Stock Amount for that Plan Year to the grantor trust as described in Section 17.2. 

  

	3.8	Vesting. 

  

	 	(a)	A Participant shall at all times be 100% vested in the portion of his or her Account Balance attributable to Annual Deferral Amounts, Restricted Stock Amounts and SOP Stock Amounts,
plus amounts credited or debited on such amounts pursuant to Section 3.9. 

  

	 	(b)	A Participant shall be vested in the portion of his or her Account Balance attributable to any Company Contribution Amounts, plus amounts credited or debited on such amounts
pursuant to Section 3.9, in accordance with the vesting schedule(s) set forth in his or her Plan Agreement, employment agreement or any other agreement entered into between the Participant and his or her Employer. If not addressed in such
agreements, a Participant shall vest in the portion of his or her Account Balance attributable to any Company Contribution Amounts, plus amounts credited or debited on such amounts pursuant to Section 3.9, in accordance with the schedule
declared by the Committee in its sole discretion. 

  

	 	(c)	A Participant shall be vested in the portion of his or her Account Balance attributable to any Company Restoration Matching Amounts, plus amounts credited or debited on such amounts
pursuant to Section 3.9, only to the extent that the Participant would be vested in such amounts under the provisions of the 401(k) Plan, as determined by the Committee in its sole discretion. 

  

	 	(d)	Notwithstanding anything to the contrary contained in this Section 3.8, in the event of a Change in Control, or upon a Participant’s Retirement, Disability or death prior
to Separation from Service, any amounts that are not vested in accordance with Sections 3.8(b) or 3.8(c) above, shall immediately become 100% vested. 

  

	 	(e)	 Notwithstanding subsection 3.8(d) above, the vesting schedules described in Sections 3.8(b) or 3.8(c) above shall not be accelerated upon a Change in Control to the
extent that the Committee determines that such acceleration would cause 

  

 14 

	 	 
the deduction limitations of Code Section 280G to become effective. In the event of such a determination, the Participant may request independent
verification of the Committee’s calculations with respect to the application of Code Section 280G. In such case, the Committee shall provide to the Participant within 90 days of such a request an opinion from a nationally recognized
accounting firm selected by the Participant (the “Accounting Firm”). The opinion shall state the Accounting Firm’s opinion that any limitation in the vested percentage hereunder is necessary to avoid the limits of Code
Section 280G and contain supporting calculations. The cost of such opinion shall be paid for by the Employer. 

  

	 	(f)	Section 3.8(e) shall not prevent the acceleration of the vesting schedules described in Sections 3.8(b) and 3.8(c) if such Participant is entitled to a “gross-up”
payment, to eliminate the effect of the Code Section 4999 excise tax, pursuant to his or her employment agreement or other agreement entered into between such Participant and the Employer. Notwithstanding the foregoing, in the event an
employment agreement or other agreement entered into between the Participant and the Employer does not specify the time and form of payment of the gross-up payment, such gross-up payment shall be paid in a lump sum by the end of the taxable year
following the taxable year in which the Participant remits the related taxes. 

  

	3.9	Crediting/Debiting of Account Balances. In accordance with, and subject to, the rules and procedures that are established from time to time by the Committee, in its
sole discretion, amounts shall be credited or debited to a Participant’s Account Balance in accordance with the following rules: 

  

	 	(a)	Measurement Funds. Subject to the restrictions found in Section 3.9(c) below, the Participant may elect one or more of the measurement funds selected by the
Committee, in its sole discretion, which are based on certain mutual funds (the “Measurement Funds”), for the purpose of crediting or debiting additional amounts to his or her Account Balance. As necessary, the Committee may, in its sole
discretion, discontinue, substitute or add a Measurement Fund. 

  

	 	(b)	 Election of Measurement Funds. Subject to the restrictions found in Section 3.9(c) below, a Participant, in connection with his or her initial
deferral election in accordance with Section 3.2 above, shall elect, on the Election Form, one or more Measurement Fund(s) (as described in Section 3.9(a) above) to be used to determine the amounts to be credited or debited to his or her
Account Balance. If a Participant does not elect any of the Measurement Funds as described in the previous sentence, the Participant’s Account Balance shall automatically be allocated into the lowest-risk Measurement Fund, as determined by the
Committee, in its sole discretion. Subject to the restrictions found in Section 3.9(c) below, the Participant may (but is not required to) elect, by submitting an Election Form to the Committee that is accepted by the Committee, to add or
delete one or more Measurement Fund(s) to be used to determine the amounts to be credited or debited to his or her Account Balance, or to change the portion of his or her Account Balance allocated to each previously or newly elected Measurement
Fund. If an election is made in accordance with the previous sentence, it shall 

  

 15 

	 	 
apply as of the first business day deemed reasonably practicable by the Committee, in its sole discretion, and shall continue thereafter for each subsequent
day in which the Participant participates in the Plan, unless changed in accordance with the previous sentence. Notwithstanding the foregoing, the Committee, in its sole discretion, may impose limitations on the frequency with which one or more of
the Measurement Funds elected in accordance with this Section 3.9(b) may be added or deleted by such Participant; furthermore, the Committee, in its sole discretion, may impose limitations on the frequency with which the Participant may change
the portion of his or her Account Balance allocated to each previously or newly elected Measurement Fund. 

  

	 	(c)	Jones Lang LaSalle Corporation Stock Unit Fund. 

  

	 	(i)	A Participant’s SOP Account and Restricted Stock Account shall be automatically and irrevocably allocated to the Jones Lang LaSalle Corporation Stock Unit Fund Measurement
Fund. Participants may not select any other Measurement Fund to be used to determine the amounts to be credited or debited to their SOP Account or Restricted Stock Account. Furthermore, no other portion of the Participant’s Account
Balance can be either initially allocated or re-allocated to the Jones Lang LaSalle Corporation Stock Unit Fund. Amounts allocated to the Jones Lang LaSalle Corporation Stock Unit Fund shall only be distributable in actual shares of Stock.

  

	 	(ii)	Any stock dividends, cash dividends or other non-cash dividends that would have been payable on the Stock credited to a Participant’s Account Balance shall be credited to the
Participant’s Account Balance in the form of additional shares of Stock and shall automatically and irrevocably be deemed to be re-invested in the Jones Lang LaSalle Corporation Stock Unit Fund until such amounts are distributed to the
Participant. The number of shares credited to the Participant for a particular stock dividend shall be equal to (A) the number of shares of Stock credited to the Participant’s Account Balance as of the payment date for such dividend in
respect of each share of Stock, multiplied by (B) the number of additional or fractional shares of Stock actually paid as a dividend in respect of each share of Stock. The number of shares credited to the Participant for a particular cash
dividend or other non-cash dividend shall be equal to (A) the number of shares of Stock credited to the Participant’s Account Balance as of the payment date for such dividend in respect of each share of Stock, multiplied by (B) the
fair market value of the dividend, divided by (C) the “fair market value” of the Stock on the payment date for such dividend. 

  

	 	(iii)	 The number of shares of Stock credited to the Participant’s Account Balance may be adjusted by the Committee, in its sole discretion, to prevent dilution or
enlargement of Participants’ rights with respect to the portion of his 

  

 16 

	 	 
or her Account Balance allocated to the Jones Lang LaSalle Corporation Stock Unit Fund in the event of any reorganization, reclassification, stock split or
other unusual corporate transaction or event which affects the value of the Stock, provided that any such adjustment shall be made taking into account any crediting of shares of Stock to the Participant under this Section 3.9.

  

	 	(iv)	For purposes of this Section 3.9(c), the fair market value of the Stock shall be determined by the Committee in its sole discretion. 

  

	 	(d)	Proportionate Allocation. In making any election described in Section 3.9(b) above, the Participant shall specify on the Election Form, in increments of 1%, the
percentage of his or her Account Balance or Measurement Fund, as applicable, to be allocated/reallocated to a Measurement Fund (as if the Participant was making an investment in that Measurement Fund with that portion of his or her Account Balance).

  

	 	(e)	Crediting or Debiting Method. The performance of each Measurement Fund (either positive or negative) shall be determined by the Committee, in its sole discretion, on a
daily basis based on the manner in which such Participant’s Account Balance has been hypothetically allocated among the Measurement Funds by the Participant. 

  

	 	(f)	No Actual Investment. Notwithstanding any other provision of this Plan to the contrary, the Measurement Funds are to be used for measurement purposes only, and a
Participant’s election of any such Measurement Fund, the allocation of his or her Account Balance thereto, the calculation of additional amounts and the crediting or debiting of such amounts to a Participant’s Account Balance shall
not be considered or construed in any manner as an actual investment of his or her Account Balance in any such Measurement Fund. In the event that the Employer or the Trustee (as that term is defined in the Trust), in its own discretion, decides
to invest funds in any or all of the investments on which the Measurement Funds are based, no Participant shall have any rights in or to such investments themselves. Without limiting the foregoing, a Participant’s Account Balance shall at all
times be a bookkeeping entry only and shall not represent any investment made on his or her behalf by the Employer or the Trust; the Participant shall at all times remain an unsecured creditor of the Employer. 

  

	3.10	FICA and Other Taxes. 

  

	 	(a)	Annual Deferral Amounts. For each Plan Year in which an Annual Deferral Amount is being withheld from a Participant, the Participant’s Employer(s) shall withhold
from that portion of the Participant’s Base Salary, Bonus, Commissions and/or LTIP Amounts that are not being deferred, in a manner determined by the Employer(s), the Participant’s share of FICA and other employment taxes on such Annual
Deferral Amount. If necessary, the Committee may reduce the Annual Deferral Amount in order to comply with this Section 3.10. 

  

 17 

	 	(b)	Company Restoration Matching Amounts and Company Contribution Amounts. When a Participant becomes vested in a portion of his or her Account Balance attributable to any
Company Restoration Matching Amounts and/or Company Contribution Amounts, the Participant’s Employer(s) shall withhold from that portion of the Participant’s Base Salary, Bonus, Commissions and/or LTIP Amounts that are not deferred, in a
manner determined by the Employer(s), the Participant’s share of FICA and other employment taxes on such amounts. If necessary, the Committee may reduce the vested portion of the Participant’s Company Restoration Matching Amount or Company
Contribution Amount, as applicable, in order to comply with this Section 3.10. 

  

	 	(c)	SOP Amounts and Restricted Stock Amounts. For each Plan Year in which a SOP Amount or Restricted Stock Amount is being first withheld from a Participant, the
Participant’s Employer(s) shall withhold from that portion of the Participant’s Base Salary, Bonus, LTIP Amounts, SOP Amounts and/or Restricted Stock Amounts that are not being deferred, in a manner determined by the Employer(s), the
Participant’s share of FICA and other employment taxes on such SOP Amount or Restricted Stock Amount. If necessary, the Committee may reduce the SOP Amount or the Restricted Stock Amount in order to comply with this Section 3.10.

  

	 	(d)	Distributions. The Participant’s Employer(s), or the trustee of the Trust, shall withhold from any payments made to a Participant under this Plan all federal,
state and local income, employment and other taxes required to be withheld by the Employer(s), or the trustee of the Trust, in connection with such payments, in amounts and in a manner to be determined in the sole discretion of the Employer(s) and
the trustee of the Trust. If necessary, the Committee may reduce the SOP Amount or the Restricted Stock Amount in order to comply with this Section 3.10. 

 ARTICLE 4 
 Scheduled Distribution; Unforeseeable Emergencies

  

	4.1	Scheduled Distributions. In connection with each election to defer an Annual Deferral Amount (excluding Restricted Stock Amounts and SOP Stock Amounts), a Participant
may elect to receive all or a portion of the (a) Annual Deferral Amount, (b) Company Contribution Amount, and (c) Company Restoration Matching Amount, plus amounts credited or debited on that amount pursuant to Section 3.9, in
the form of a lump sum payment, calculated as of the close of business on or around the Benefit Distribution Date designated by the Participant in accordance with this Section (a “Scheduled Distribution”). The Benefit Distribution Date for
the amount subject to a Scheduled Distribution election shall be the first day of any Plan Year designated by the Participant, which may be no sooner than three Plan Years after the end of the Plan Year to which the Participant’s deferral
election relates, unless otherwise provided on an Election Form approved by the Committee. 

  

 18 

 Subject to the other terms and conditions of this Plan, each Scheduled Distribution elected shall be paid
out during a 60-day period commencing immediately after the Benefit Distribution Date. By way of example, if a Scheduled Distribution is elected for Annual Deferral Amounts that are earned in the Plan Year commencing January 1, 2008, the
earliest Benefit Distribution Date that may be designated by a Participant would be January 1, 2012, and the Scheduled Distribution would be paid out during the 60-day period commencing immediately after such Benefit Distribution Date.
Notwithstanding the foregoing, the Committee shall, in its sole discretion, adjust the amount distributable as a Scheduled Distribution if any portion of the Company Contribution Amount or Company Restoration Matching Amount is unvested on the date
of the Scheduled Distribution. 
  

	4.2	Postponing Scheduled Distributions. A Participant may elect to postpone a Scheduled Distribution described in Section 4.1 above, and have such amount paid out
during a 60-day period commencing immediately after an allowable alternative Benefit Distribution Date designated in accordance with this Section 4.2. In order to make such an election, the Participant shall submit an Election Form to the
Committee in accordance with the following criteria: 

  

	 	(a)	The election of the new Benefit Distribution Date shall have no effect until at least 12 months after the date on which the election is made; 

  

	 	(b)	The new Benefit Distribution Date selected by the Participant for such Scheduled Distribution shall be the first day of a Plan Year that is no sooner than five years after the
previously designated Benefit Distribution Date; and 

  

	 	(c)	The election shall be made at least 12 months prior to the Participant’s previously designated Benefit Distribution Date for such Scheduled Distribution.

 For purposes of applying the provisions of this Section 4.2, a Participant’s election to postpone a Scheduled
Distribution shall not be considered to be made until the date on which the election becomes irrevocable. Such an election shall become irrevocable no later than the date that is 12 months prior to the Participant’s previously designated
Benefit Distribution Date for such Scheduled Distribution. 
  

	4.3	Other Benefits Take Precedence Over Scheduled Distributions. Should an event occur prior to any Benefit Distribution Date designated for a Scheduled Distribution that
would trigger a benefit under Articles 5 through 9, as applicable, all amounts subject to a Scheduled Distribution election shall be paid in accordance with the other applicable provisions of the Plan and not in accordance with this Article 4.

  

	4.4	Unforeseeable Emergencies. 

  

	 	(a)	 If a Participant experiences an Unforeseeable Emergency prior to the occurrence of a distribution event described in Articles 5 through 9, as applicable, the
Participant may petition the Committee to receive a partial or full payout from the Plan. The payout, if any, from the Plan shall not exceed the lesser of (i) the Participant’s vested Account Balance, excluding the portion of the Account
Balance attributable to the SOP Account or Restricted Stock Account, calculated 

  

 19 

	 	 
as of the close of business on or around the Benefit Distribution Date for such payout, as determined by the Committee in accordance with provisions set
forth below, or (ii) the amount necessary to satisfy the Unforeseeable Emergency, plus amounts necessary to pay Federal, state or local income taxes or penalties reasonably anticipated as a result of the distribution. A Participant shall not be
eligible to receive a payout from the Plan to the extent that the Unforeseeable Emergency is or may be relieved (A) through reimbursement or compensation by insurance or otherwise, (B) by liquidation of the Participant’s assets, to
the extent the liquidation of such assets would not itself cause severe financial hardship, or (C) by cessation of deferrals under this Plan. 

 If the Committee, in its sole discretion, approves a Participant’s petition for a payout from the Plan, the Participant’s Benefit Distribution Date for such payout shall be the date on which such Committee
approval occurs and such payout shall be distributed to the Participant in a lump sum no later than 60 days after such Benefit Distribution Date. In addition, in the event of such approval, the Participant’s outstanding deferral elections under
the Plan shall be cancelled. 
  

	 	(b)	A Participant’s deferral elections under this Plan shall also be cancelled to the extent the Committee determines that such action is required for the Participant to obtain a
hardship distribution from an Employer’s 401(k) Plan pursuant to Treasury Regulation Section 1.401(k)-1(d)(3). 

 ARTICLE 5 
 Change in Control Benefit 
  

	5.1	Change in Control Benefit. A Participant, in connection with his or her commencement of participation in the Plan, shall have an opportunity to irrevocably elect to
receive his or her vested Account Balance in the form of a lump sum payment in the event that a Change in Control occurs prior to the Participant’s Retirement, Separation from Service, Disability or death (the “Change in Control
Benefit”). The Benefit Distribution Date for the Change in Control Benefit, if any, shall be the date on which the Change in Control occurs. 

 If a Participant elects not to receive a Change in Control Benefit, or fails to make an election in connection with his or her commencement of participation in the Plan, the Participant’s Account Balance shall be
paid in accordance with the other applicable provisions of the Plan. 
  

	5.2	Payment of Change in Control Benefit. The Change in Control Benefit, if any, shall be calculated as of the close of business on or around the Participant’s
Benefit Distribution Date, as determined by the Committee, and paid to the Participant no later than 60 days after the Participant’s Benefit Distribution Date. 

  

 20 

 ARTICLE 6 
 Retirement Benefit 
  

	6.1	Retirement Benefit. If a Participant experiences a Separation from Service that qualifies as a Retirement, the Participant shall be eligible to receive his or her
vested Account Balance in either a lump sum or annual installment payments, as elected by the Participant in accordance with Section 6.2 (the “Retirement Benefit”). A Participant’s Retirement Benefit shall be calculated as of the
close of business on or around the applicable Benefit Distribution Date for such benefit, which shall be the first day after the end of the six-month period immediately following the date on which the Participant experiences such Separation from
Service; provided, however, if a Participant changes the form of distribution for one or more Annual Accounts in accordance with Section 6.2(b), the Benefit Distribution Date for the Annual Account(s) subject to such change shall be determined
in accordance with Section 6.2(b). 

  

	6.2	Payment of Retirement Benefit. 

  

	 	(a)	In connection with a Participant’s election to defer an Annual Deferral Amount, including Restricted Stock Amounts and SOP Stock Amounts, the Participant shall elect the form
in which his or her Annual Account for such Plan Year will be paid. The Participant may elect to receive each Annual Account in the form of a lump sum or pursuant to an Annual Installment Method up to 15 years. If a Participant does not make any
election with respect to the payment of an Annual Account, then the Participant shall be deemed to have elected to receive such Annual Account as a lump sum. 

  

	 	(b)	A Participant may change the form of payment for an Annual Account by submitting an Election Form to the Committee in accordance with the following criteria:

  

	 	(i)	The election shall not take effect until at least 12 months after the date on which the election is made; 

  

	 	(ii)	The new Benefit Distribution Date for such Annual Account shall be five years after the Benefit Distribution Date that would otherwise have been applicable to such Annual Account;
and 

  

	 	(iii)	The election shall be made at least 12 months prior to the Benefit Distribution Date that would otherwise have been applicable to such Annual Account. 

 For purposes of applying the provisions of this Section 6.2(b), a Participant’s election to change the form of payment for an Annual Account
shall not be considered to be made until the date on which the election becomes irrevocable. Such an election shall become irrevocable no later than the date that is 12 months prior to the Benefit Distribution Date that would otherwise have been
applicable to such Annual Account. Subject to the requirements of this Section 6.2(b), the Election Form most recently accepted by the Committee that has become effective for an Annual Account shall govern the form of payout of such Annual
Account. 
  

 21 

	 	(c)	The lump sum payment shall be made, or installment payments shall commence, no later than 60 days after the Benefit Distribution Date. Remaining installments, if any, shall continue
in accordance with the Participant’s election for each Annual Account and shall be paid no later than 60 days after each anniversary of the Benefit Distribution Date. 

 ARTICLE 7 
 Termination Benefit 
  

	7.1	Termination Benefit. If a Participant experiences a Separation from Service that does not qualify as a Retirement, the Participant shall receive his or her
vested Account Balance in the form of a lump sum payment (the “Termination Benefit”). A Participant’s Termination Benefit shall be calculated as of the close of business on or around the Benefit Distribution Date for such benefit,
which shall be the first day after the end of the six-month period immediately following the date on which the Participant experiences such Separation from Service. 

  

	7.2	Payment of Termination Benefit. The Termination Benefit shall be paid to the Participant no later than 60 days after the Participant’s Benefit Distribution Date.

 ARTICLE 8 
 Disability Benefit 
  

	8.1	Disability Benefit. If a Participant becomes Disabled prior to the occurrence of a distribution event described in Articles 4 through 7, as applicable, the Participant
shall receive his or her vested Account Balance in the form of a lump sum payment (the “Disability Benefit”). The Disability Benefit shall be calculated as of the close of business on or around the Participant’s Benefit Distribution
Date for such benefit, which shall be the date on which the Participant becomes Disabled. 

  

	8.2	Payment of Disability Benefit. The Disability Benefit shall be paid to the Participant no later than 60 days after the Participant’s Benefit Distribution
Date. 

 ARTICLE 9 
 Death Benefit 
  

	9.1	Death Benefit. In the event of a Participant’s death prior to the complete distribution of his or her vested Account Balance, the Participant’s
Beneficiary(ies) shall receive the Participant’s unpaid vested Account Balance in a lump sum payment (the “Death Benefit”). The Death Benefit shall be calculated as of the close of business on or around the Benefit Distribution Date
for such benefit, which shall be the date on which the Committee is provided with proof that is satisfactory to the Committee of the Participant’s death. 

  

 22 

	9.2	Payment of Death Benefit. The Death Benefit shall be paid to the Participant’s Beneficiary(ies) no later than 60 days after the Participant’s Benefit
Distribution Date. 

 ARTICLE 10 
 Beneficiary Designation 
  

	10.1	Beneficiary. Each Participant shall have the right, at any time, to designate his or her Beneficiary(ies) (both primary as well as contingent) to receive any benefits
payable under the Plan upon the death of a Participant. The Beneficiary designated under this Plan may be the same as or different from the Beneficiary designation under any other plan of an Employer in which the Participant participates.

  

	10.2	Beneficiary Designation; Change; Spousal Consent. A Participant shall designate his or her Beneficiary by completing and signing the Beneficiary Designation Form, and
returning it to the Committee or its designated agent. A Participant shall have the right to change a Beneficiary by completing, signing and otherwise complying with the terms of the Beneficiary Designation Form and the Committee’s rules and
procedures, as in effect from time to time. If the Participant names someone other than his or her spouse as a Beneficiary, the Committee may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by
the Committee, executed by such Participant’s spouse and returned to the Committee. Upon the acceptance by the Committee of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be canceled. The Committee shall
be entitled to rely on the last Beneficiary Designation Form filed by the Participant and accepted by the Committee prior to his or her death. 

  

	10.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received and acknowledged in writing by the Committee or its
designated agent. 

  

	10.4	No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided in Sections 10.1, 10.2 and 10.3 above or, if all designated Beneficiaries
predecease the Participant or die prior to complete distribution of the Participant’s benefits, then the Participant’s designated Beneficiary shall be deemed to be his or her surviving spouse. If the Participant has no surviving spouse,
the benefits remaining under the Plan to be paid to a Beneficiary shall be payable to the executor or personal representative of the Participant’s estate. 

  

	10.5	Doubt as to Beneficiary. If the Committee has any doubt as to the proper Beneficiary to receive payments pursuant to this Plan, the Committee shall have the right,
exercisable in its discretion, to cause the Participant’s Employer to withhold such payments until this matter is resolved to the Committee’s satisfaction. 

  

	10.6	Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge all Employers and the Committee from all further
obligations under this Plan with respect to the Participant, and that Participant’s Plan Agreement shall terminate upon such full payment of benefits. 

  

 23 

 ARTICLE 11 
 Leave of Absence 
  

	11.1	Paid Leave of Absence. If a Participant is authorized by the Participant’s Employer to take a paid leave of absence from the employment of the Employer, and such
leave of absence does not constitute a Separation from Service, (a) the Participant shall continue to be considered eligible for the benefits provided under the Plan, and (b) the Annual Deferral Amount and any previously elected deferrals
of SOP Stock and Restricted Stock shall continue to be withheld during such paid leave of absence in accordance with Section 3.2. 

  

	11.2	Unpaid Leave of Absence. If a Participant is authorized by the Participant’s Employer to take an unpaid leave of absence from the employment of the Employer for
any reason, and such leave of absence does not constitute a Separation from Service, such Participant shall continue to be eligible for the benefits provided under the Plan and any previously elected deferrals of SOP Stock and Restricted Stock shall
continue to be withheld during such unpaid leave of absence in accordance with Section 3.2. During the unpaid leave of absence, the Participant shall not be allowed to make any additional deferral elections. However, if the Participant returns
to employment, the Participant may elect to defer an Annual Deferral Amount, SOP Amount or Restricted Stock Amount for the Plan Year following his or her return to employment and for every Plan Year thereafter while a Participant in the Plan,
provided such deferral elections are otherwise allowed and an Election Form is delivered to and accepted by the Committee for each such election in accordance with Section 3.2 above. 

 ARTICLE 12 
 Termination of Plan,
Amendment or Modification 
  

	12.1	 Termination of Plan. Although the Company anticipates that it will continue the Plan for an indefinite period of time, there is no guarantee that the
Company will continue the Plan or will not terminate the Plan at any time in the future. Accordingly, the Company reserves the right to discontinue sponsorship of the Plan and/or terminate the Plan with respect to all of its Participants by action
of the Board. In the event of a Plan termination, no new deferral elections shall be permitted for the affected Participants and such Participants shall no longer be eligible to receive new Company Contributions. However, after the Plan termination,
the Account Balances of such Participants shall continue to be credited with Annual Deferral Amounts attributable to a deferral election that was in effect prior to the Plan termination to the extent deemed necessary to comply with Code
Section 409A and related Treasury Regulations, and additional amounts shall continue to credited or debited to such Participants’ Account Balances pursuant to Section 3.9. The Measurement Funds available to Participants following the
termination of the Plan shall be comparable in number and type to those Measurement Funds available to Participants in the Plan Year preceding the Plan Year in which the Plan termination is effective. In addition, following a Plan termination,
Participant Account Balances shall remain in the Plan and shall not be distributed until such amounts become eligible for distribution in accordance with the other applicable provisions of the Plan. Notwithstanding the preceding sentence, to
the extent permitted by Treasury Regulation Section 1.409A- 3(j)(4)(ix), the Employer may provide that upon termination of the 

  

 24 

	 	 
Plan, all Account Balances of the Participants shall be distributed, subject to and in accordance with any rules established by such Employer deemed
necessary to comply with the applicable requirements and limitations of Treasury Regulation Section 1.409A-3(j)(4)(ix). 

  

	12.2	Amendment. The Company may, at any time, amend or modify the Plan in whole or in part by action of the Board. Notwithstanding the foregoing, (a) no amendment or
modification shall be effective to decrease the value of a Participant’s vested Account Balance in existence at the time the amendment or modification is made, and (b) no amendment or modification of this Section 12.2 or
Section 13.2 of the Plan shall be effective. 

  

	12.3	Plan Agreement. Despite the provisions of Sections 12.1 or 12.2 above, if a Participant’s Plan Agreement contains benefits or limitations that are not in this
Plan document, the Employer may only amend or terminate such provisions with the written consent of the Participant. 

  

	12.4	Effect of Payment. The full payment of the Participant’s vested Account Balance in accordance with the applicable provisions of the Plan shall completely
discharge all obligations to a Participant and his or her designated Beneficiaries under this Plan, and the Participant’s Plan Agreement shall terminate. 

 ARTICLE 13 
 Administration 
  

	13.1	Committee Duties. Except as otherwise provided in this Article 13, this Plan shall be administered by a Committee, which shall consist of the Compensation Committee of
the Board, or such committee as the Compensation Committee shall appoint. Members of the Committee may be Participants under this Plan. The Committee shall also have the discretion and authority to (a) make, amend, interpret and enforce all
appropriate rules and regulations for the administration of this Plan, and (b) decide or resolve any and all questions, including benefit entitlement determinations and interpretations of this Plan, as may arise in connection with the Plan. Any
individual serving on the Committee who is a Participant shall not vote or act on any matter relating solely to himself or herself. When making a determination or calculation, the Committee shall be entitled to rely on information furnished by a
Participant or an Employer. 

  

	13.2	 Administration Upon Change In Control. For purposes of this Plan, the Committee shall be the “Administrator” at all times prior to the
occurrence of a Change in Control. Within 120 days following a Change in Control, an independent third party “Administrator” may be selected by the individual who, immediately prior to the Change in Control, was the Company’s Chief
Executive Officer or, if not so identified, the Company’s highest ranking officer (the “Ex-CEO”), and approved by the Trustee. The Committee, as constituted prior to the Change in Control, shall continue to be the Administrator until
the earlier of (a) the date on which such independent third party is selected and approved, or (b) the expiration of the 120-day period following the Change in Control. If an independent third party is not selected within 120 days of such
Change in Control, the Committee, as 

  

 25 

	 	 
described in Section 13.1 above, shall be the Administrator. The Administrator shall have all of the powers of the Committee, including the
discretionary power to determine all questions arising in connection with the administration of the Plan and the interpretation of the Plan and Trust including, but not limited to benefit entitlement determinations, as well as the power to direct
the investment of Plan or Trust assets or select any investment manager or custodial firm for the Plan or Trust. Upon and after the occurrence of a Change in Control, the Employer shall: (i) pay all reasonable administrative expenses and fees
of the Administrator, (ii) indemnify the Administrator against any costs, expenses and liabilities including, without limitation, attorney’s fees and expenses arising in connection with the performance of the Administrator hereunder,
except with respect to matters resulting from the gross negligence or willful misconduct of the Administrator or its employees or agents, and (iii) supply full and timely information to the Administrator on all matters relating to the Plan, the
Trust, the Participants and their Beneficiaries, the Account Balances of the Participants, the date and circumstances of the Retirement, Disability, death or Separation from Service of the Participants, and such other pertinent information as the
Administrator may reasonably require. Upon and after a Change in Control, the Administrator may be terminated (and a replacement appointed) by the Trustee only with the approval of the Ex-CEO. Upon and after a Change in Control, the Administrator
may not be terminated by the Employer. 

  

	13.3	Agents. In the administration of this Plan, the Committee or the Administrator, as applicable, may, from time to time, employ agents and delegate to them such
administrative duties as it sees fit (including acting through a duly appointed representative) and may from time to time consult with counsel. 

  

	13.4	Binding Effect of Decisions. The decision or action of the Committee or Administrator, as applicable, with respect to any question arising out of or in connection with
the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan. 

  

	13.5	Indemnity of Committee. All Employers shall indemnify and hold harmless the members of the Committee, any Employee to whom the duties of the Committee may be delegated
and the Administrator against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act with respect to this Plan, except in the case of willful misconduct by the Committee, any of its members, any such
Employee or the Administrator. 

  

	13.6	Employer Information. To enable the Committee and/or Administrator to perform its functions, the Company and each Employer shall supply full and timely information to
the Committee and/or Administrator, as the case may be, on all matters relating to the Plan, the Trust, the Participants and their Beneficiaries, the Account Balances of the Participants, the compensation of its Participants, the date and
circumstances of the Retirement, Separation from Service, Disability or death of its Participants and such other pertinent information as the Committee or Administrator may reasonably require. 

  

 26 

 ARTICLE 14 
 Other Benefits and Agreements 
  

	14.1	Coordination with Other Benefits. The benefits provided for a Participant and Participant’s Beneficiary under the Plan are in addition to any other benefits
available to such Participant under any other plan or program for employees of the Participant’s Employer. The Plan shall supplement and shall not supersede, modify or amend any other such plan or program except as may otherwise be expressly
provided. 

 ARTICLE 15 
 Claims Procedures 
  

	15.1	Presentation of Claim. Any Participant or Beneficiary of a deceased Participant (such Participant or Beneficiary being referred to below as a “Claimant”) may
deliver to the Committee a written claim for a determination with respect to the amounts distributable to such Claimant from the Plan. If such a claim relates to the contents of a notice received by the Claimant, the claim shall be made within 60
days after such notice was received by the Claimant. All other claims shall be made within 180 days of the date on which the event that caused the claim to arise occurred. The claim shall state with particularity the determination desired by the
Claimant. 

  

	15.2	Notification of Decision. The Committee shall consider a Claimant’s claim within a reasonable time, but no later than 90 days after receiving the claim. If the
Committee determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the Claimant prior to the termination of the initial 90-day period. In no event shall such
extension exceed a period of 90 days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Committee expects to render the benefit determination.
The Committee shall notify the Claimant in writing: 

  

	 	(a)	that the Claimant’s requested determination has been made, and that the claim has been allowed in full; or 

  

	 	(b)	that the Committee has reached a conclusion contrary, in whole or in part, to the Claimant’s requested determination, and such notice shall set forth in a manner calculated to
be understood by the Claimant: 

  

	 	(i)	the specific reason(s) for the denial of the claim, or any part of it; 

  

	 	(ii)	specific reference(s) to pertinent provisions of the Plan upon which such denial was based; 

  

	 	(iii)	a description of any additional material or information necessary for the Claimant to perfect the claim, and an explanation of why such material or information is necessary;

  

 27 

	 	(iv)	an explanation of the claim review procedure set forth in Section 15.3 below; and 

  

	 	(v)	a statement of the Claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review. 

  

	15.3	Review of a Denied Claim. On or before 60 days after receiving a notice from the Committee that a claim has been denied, in whole or in part, a Claimant (or the
Claimant’s duly authorized representative) may file with the Committee a written request for a review of the denial of the claim. The Claimant (or the Claimant’s duly authorized representative): 

  

	 	(a)	may, upon request and free of charge, have reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to
the claim for benefits; 

  

	 	(b)	may submit written comments or other documents; and/or 

  

	 	(c)	may request a hearing, which the Committee, in its sole discretion, may grant. 

  

	15.4	Decision on Review. The Committee shall render its decision on review promptly, and no later than 60 days after the Committee receives the Claimant’s written
request for a review of the denial of the claim. If the Committee determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to the Claimant prior to the
termination of the initial 60 day period. In no event shall such extension exceed a period of 60 days from the end of the initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by
which the Committee expects to render the benefit determination. In rendering its decision, the Committee shall take into account all comments, documents, records and other information submitted by the Claimant relating to the claim, without regard
to whether such information was submitted or considered in the initial benefit determination. The decision must be written in a manner calculated to be understood by the Claimant, and it must contain: 

  

	 	(a)	specific reasons for the decision; 

  

	 	(b)	specific reference(s) to the pertinent Plan provisions upon which the decision was based; 

  

	 	(c)	a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of, all documents, records and other information relevant (as
defined in applicable ERISA regulations) to the Claimant’s claim for benefits; and 

  

	 	(d)	a statement of the Claimant’s right to bring a civil action under ERISA Section 502(a). 

  

 28 

	15.5	Legal Action. A Claimant’s compliance with the foregoing provisions of this Article 15 is a mandatory prerequisite to a Claimant’s right to commence any
legal action with respect to any claim for benefits under this Plan. 

 ARTICLE 16 
 Trust 
  

	16.1	Establishment of the Trust. In order to provide assets from which to fulfill its obligations to the Participants and their Beneficiaries under the Plan, the Company
may establish a trust by a trust agreement with a third party, the trustee, to which each Employer may, in its discretion, contribute cash or other property, including securities issued by the Company, to provide for the benefit payments under the
Plan (the “Trust”). 

  

	16.2	Interrelationship of the Plan and the Trust. The provisions of the Plan and the Plan Agreement shall govern the rights of a Participant to receive distributions
pursuant to the Plan. The provisions of the Trust shall govern the rights of the Employers, Participants and the creditors of the Employers to the assets transferred to the Trust. Each Employer shall at all times remain liable to carry out its
obligations under the Plan. 

  

	16.3	Distributions From the Trust. Each Employer’s obligations under the Plan may be satisfied with Trust assets distributed pursuant to the terms of the Trust, and
any such distribution shall reduce the Employer’s obligations under this Plan. 

 ARTICLE 17 
 Miscellaneous 
  

	17.1	Status of Plan. The Plan is intended to be a plan that is not qualified within the meaning of Code Section 401(a) and that “is unfunded and is maintained by
an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of ERISA Sections 201(2), 301(a)(3) and 401(a)(1). The Plan shall be administered and
interpreted (a) to the extent possible in a manner consistent with the intent described in the preceding sentence, and (b) in accordance with Code Section 409A and related Treasury guidance and Regulations. 

 

	17.2	 Unsecured General Creditor. The Company shall establish the Trust, which shall be a grantor trust, and to which the Company may, in its discretion,
make contributions as a means to finance liabilities that accrue under the Plan. Except as provided below in the case of a Change in Control, the Company shall not be required to make contributions to the Trust. As soon as practicable after a Change
in Control, the Company shall determine the amount that would be needed to pay Participants and their Beneficiaries the benefits which they have accrued pursuant to the terms of a Plan as of the date of the Change in Control. This amount is referred
to herein as the “Trust Funding Requirement.” In the event that the fair market value of the Trust assets is less than the Trust Funding Requirement on such date, the Company shall make an additional contribution to the Trust in an amount
sufficient to bring the fair market value of the assets in the Trust up to at least 100% of the Trust Funding Requirement. The Company shall establish the Trust Funding Requirement on a monthly basis thereafter and 

  

 29 

	 	 
make additional contributions as necessary to bring the value of the assets in the Trust Fund up to the Trust Funding Requirement as of the valuation date.
Contributions under this Section 17.2, if any, shall be made as soon as reasonably practicable after the Trust Funding Requirement is established for a valuation date. When computing the Trust Funding Requirement, the Company may exclude the
benefits attributable to any Participant if contributions to the Trust on behalf of the Participant could cause the Participant to incur income tax liability on account of the contribution. 

 Notwithstanding the foregoing, Participants and their Beneficiaries, heirs, successors and assigns shall remain unsecured general creditors and shall have
no legal or equitable rights, interests or claims in any property or assets of an Employer. For purposes of the payment of benefits under this Plan, any and all of an Employer’s assets shall be, and remain, the general, unpledged unrestricted
assets of the Employer. An Employer’s obligation under the Plan shall be merely that of an unfunded and unsecured promise to pay money in the future. 
  

	17.3	Employer’s Liability. An Employer’s liability for the payment of benefits shall be defined only by the Plan and the Plan Agreement, as entered into between
the Employer and a Participant. An Employer shall have no obligation to a Participant under the Plan except as expressly provided in the Plan and his or her Plan Agreement. 

  

	17.4	Nonassignability. Neither a Participant nor any other person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise
encumber, transfer, hypothecate, alienate or convey in advance of actual receipt, the amounts, if any, payable hereunder, or any part thereof, which are, and all rights to which are expressly declared to be, unassignable and non-transferable. No
part of the amounts payable shall, prior to actual payment, be subject to seizure, attachment, garnishment or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant or any other person, be
transferable by operation of law in the event of a Participant’s or any other person’s bankruptcy or insolvency or be transferable to a spouse as a result of a property settlement or otherwise. 

  

	17.5	Not a Contract of Employment. The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between any Employer and the
Participant. Such employment is hereby acknowledged to be an “at will” employment relationship that can be terminated at any time for any reason, or no reason, with or without cause, and with or without notice, unless expressly provided in
a written employment agreement. Nothing in this Plan shall be deemed to give a Participant the right to be retained in the service of any Employer, either as an Employee or a Director, or to interfere with the right of any Employer to discipline or
discharge the Participant at any time. 

  

 30 

	17.6	Furnishing Information. A Participant or his or her Beneficiary shall cooperate with the Committee by furnishing any and all information requested by the Committee and
take such other actions as may be requested in order to facilitate the administration of the Plan and the payments of benefits hereunder, including but not limited to taking such physical examinations as the Committee may deem necessary.

  

	17.7	Terms. Whenever any words are used herein in the masculine, they shall be construed as though they were in the feminine in all cases where they would so apply; and
whenever any words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or the singular, as the case may be, in all cases where they would so apply. 

  

	17.8	Captions. The captions of the articles, sections and paragraphs of this Plan are for convenience only and shall not control or affect the meaning or construction of
any of its provisions. 

  

	17.9	Governing Law. Subject to ERISA, the provisions of this Plan shall be construed and interpreted according to the internal laws of the State of Illinois without regard
to its conflicts of laws principles. 

  

	17.10	Notice. Any notice or filing required or permitted to be given to the Committee under this Plan shall be sufficient if in writing and hand-delivered, or sent by
registered or certified mail, to both the Chief Human Resources Officer and the Global General Counsel at the address below: 

  

	
	Jones Lang LaSalle Incorporated
	 Attn: Chief Human Resources
 Officer and Global General
Counsel

	200 East Randolph Drive
	Chicago, IL 60601

 Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of
the date shown on the postmark on the receipt for registration or certification. 
 Any notice or filing required or permitted to be given to
a Participant under this Plan shall be sufficient if in writing and hand-delivered, or sent by mail, to the last known address of the Participant. 
  

	17.11	Successors. The provisions of this Plan shall bind and inure to the benefit of the Participant’s Employer and its successors and assigns and the Participant and
the Participant’s designated Beneficiaries. 

  

 31 

	17.12	Spouse’s Interest. The interest in the benefits hereunder of a spouse of a Participant who has predeceased the Participant shall automatically pass to the
Participant and shall not be transferable by such spouse in any manner, including but not limited to such spouse’s will, nor shall such interest pass under the laws of intestate succession. 

  

	17.13	Validity. In case any provision of this Plan shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but
this Plan shall be construed and enforced as if such illegal or invalid provision had never been inserted herein. 

  

	17.14	Incompetent. If the Committee determines in its discretion that a benefit under this Plan is to be paid to a minor, a person declared incompetent or to a person
incapable of handling the disposition of that person’s property, the Committee may direct payment of such benefit to the guardian, legal representative or person having the care and custody of such minor, incompetent or incapable person. The
Committee may require proof of minority, incompetence, incapacity or guardianship, as it may deem appropriate prior to distribution of the benefit. Any payment of a benefit shall be a payment for the account of the Participant and the
Participant’s Beneficiary, as the case may be, and shall be a complete discharge of any liability under the Plan for such payment amount. 

  

	17.15	Domestic Relations Orders. If necessary to comply with a domestic relations order, as defined in Code Section 414(p)(1)(B), pursuant to which a court has
determined that a spouse or former spouse of a Participant has an interest in the Participant’s benefits under the Plan, the Committee shall have the right to immediately distribute the spouse’s or former spouse’s interest in the
Participant’s benefits under the Plan to such spouse or former spouse. 

  

	17.16	Distribution in the Event of Income Inclusion Under Code Section 409A. If any portion of a Participant’s Account Balance under this Plan is required to be
included in income by the Participant prior to receipt due to a failure of this Plan to comply with the requirements of Code Section 409A and related Treasury Regulations, the Committee may determine that such Participant shall receive a
distribution from the Plan in an amount equal to the lesser of (a) the portion of his or her Account Balance required to be included in income as a result of the failure of the Plan to comply with the requirements of Code Section 409A and
related Treasury Regulations, or (b) the unpaid vested Account Balance. 

  

	17.17	 Deduction Limitation on Benefit Payments. If an Employer reasonably anticipates that the Employer’s deduction with respect to any distribution
from this Plan would be limited or eliminated by application of Code Section 162(m), then to the extent permitted by Treasury Regulation Section 1.409A-2(b)(7)(i), payment shall be delayed as deemed necessary to ensure that the entire
amount of any distribution from this Plan is deductible. Any amounts for which distribution is delayed pursuant to this Section shall continue to be credited/debited with additional amounts in accordance with Section 3.9. The delayed amounts
(and any amounts credited thereon) shall be distributed to the Participant (or his or her Beneficiary in the event of the Participant’s death) at the earliest date the Employer reasonably anticipates that the deduction of the payment of the
amount will not be limited or eliminated by application of Code Section 162(m). In the event that such date is determined to be after a 

  

 32 

	 	 
Participant’s Separation from Service, the delayed payment shall not be made before the end of the six-month period following such Participant’s
Separation from Service. 

  

	17.18	Distribution in the Event of Taxation. 

  

	 	(a)	In General. If, for any reason, all or any portion of a Participant’s benefits under this Plan becomes taxable to the Participant prior to receipt, a Participant
may petition the Committee before a Change in Control, or the trustee of the Trust after a Change in Control, for a distribution of that portion of his or her benefit that has become taxable. Upon the grant of such a petition, which grant shall not
be unreasonably withheld (and, after a Change in Control, shall be granted), the Company shall distribute to the Participant immediately available funds in a lump sum amount equal to the taxable portion of his or her benefit (which amount shall not
exceed a Participant’s unpaid vested Account Balance under the Plan). If the petition is granted, the tax liability distribution shall be made within 90 days of the date when the Participant’s petition is granted. Such a distribution shall
affect and reduce the benefits to be paid under this Plan. 

  

	 	(b)	Trust. If the Trust terminates in accordance with its terms and benefits are distributed from the Trust to a Participant in accordance therewith, the
Participant’s benefits under this Plan shall be reduced to the extent of such distributions. 

  

	17.19	Insurance. The Employers, on their own behalf or on behalf of the trustee of the Trust, and, in their sole discretion, may apply for and procure insurance on the life
of the Participant, in such amounts and in such forms as the Trust may choose. The Employers or the trustee of the Trust, as the case may be, shall be the sole owner and beneficiary of any such insurance. The Participant shall have no interest
whatsoever in any such policy or policies, and at the request of the Employers shall submit to medical examinations and supply such information and execute such documents as may be required by the insurance company or companies to whom the Employers
have applied for insurance. 

  

	17.20	 Legal Fees To Enforce Rights After Change in Control The Company and each Employer is aware that upon the occurrence of a Change in Control, the Board
or the board of directors of a Participant’s Employer (which might then be composed of new members) or a shareholder of the Company or the Participant’s Employer, or of any successor corporation might then cause or attempt to cause the
Company, the Participant’s Employer or such successor to refuse to comply with its obligations under the Plan and might cause or attempt to cause the Company or the Participant’s Employer to institute, or may institute, litigation seeking
to deny Participants the benefits intended under the Plan. In these circumstances, the purpose of the Plan could be frustrated. Accordingly, if, following a Change in Control, it should appear to any Participant that the Company, the
Participant’s Employer or any successor corporation has failed to comply with any of its obligations under the Plan or any agreement thereunder or, if the Company, such Employer or any other person takes any action to declare the Plan void or
unenforceable or institutes any litigation or other legal action designed to deny, diminish or to recover from any Participant 

  

 33 

	 	 
the benefits intended to be provided, then the Company and the Participant’s Employer irrevocably authorize such Participant to retain counsel of his or
her choice at the expense of the Company and the Participant’s Employer (who shall be jointly and severally liable) to represent such Participant in connection with the initiation or defense of any litigation or other legal action, whether by
or against the Company, the Participant’s Employer or any director, officer, shareholder or other person affiliated with the Company, the Participant’s Employer or any successor thereto in any jurisdiction. 

  

	17.21	Non-Competition and Non-Solicitation. Notwithstanding any provision of the Plan to the contrary, the Employer may, in its sole discretion, impose on a Participant any
additional conditions regarding non-competition and non-solicitation of clients and employees in order for the Participant to receive benefits under the Plan. 

 *    *    * 
 IN WITNESS WHEREOF, the Company has signed this
Plan document as of December 6, 2007. 
  

			
	JONES LANG LASALLE INCORPORATED
		
	By:	 	 /s/ Nazneen Razi

		 	Nazneen Razi
		 	Chief Human Resources Officer

  

 34 

 APPENDIX A 
 LIMITED TRANSITION RELIEF FOR DISTRIBUTION ELECTIONS MADE 
 AVAILABLE IN ACCORDANCE WITH NOTICES
2006-79 AND 2007-86 
 The capitalized terms below shall have the same meaning as provided in Article 1 of the Plan. 
 Opportunity to Make New (or Revise Existing) Distribution Elections. Notwithstanding the required deadline for the submission of an initial distribution
election under Articles 4, 5 and 6 of the Plan, the Committee may, to the extent permitted by Notices 2006-79 and 2007-86, provide a limited period in which Participants may make new distribution elections, or revise existing distribution elections,
with respect to amounts subject to the terms of the Plan, by submitting an Election Form on or before the deadline established by the Committee, which in no event shall be later than December 31, 2008. Any distribution election(s) made by a
Participant, and accepted by the Committee, in accordance with this Appendix A shall not be treated as a change in either the form or timing of a Participant’s benefit payment for purposes of Code Section 409A or the Plan. With respect to
an election to change the time and form of payment made on or after January 1, 2007 and on or before December 31, 2007, the election shall apply only to amounts that would not otherwise be payable in 2007 and may not cause an amount to be
paid in 2007 that would not otherwise be payable in 2007. With respect to an election to change a time and form of payment made on or after January 1, 2008 and on or before December 31, 2008, the election shall apply only to amounts that
would not otherwise be payable in 2008 and may not cause an amount to be paid in 2008 that would not otherwise be payable in 2008.

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