Document:

EX-10.2

 Exhibit 10.2 

                    ,
20     
 VIA HAND DELIVERY 

 

													
	
                     

	 		 		 		 		 		 	

 Alexza Pharmaceuticals, Inc. 

2091 Stierlin Court 
 Mountain View, CA 94043 

 

	Re:	Change of Control Agreement 

 Dear
                    : 
 In consideration of your
continued employment, Alexza Pharmaceuticals, Inc. (the “Company”) is pleased to offer you the following agreement regarding your severance benefits (the “Agreement”). This Agreement amends and supersedes any and
all prior agreements with respect to your severance benefits and any such prior agreements are hereby expressly superseded and replaced in their entirety by this Agreement and shall have no further force or effect. 

1. At-Will Employment. Nothing in this Agreement alters the at-will nature of your employment relationship with the Company. Subject to
the terms of this Agreement, either you or the Company may terminate your employment relationship at any time, with or without Cause or advance notice. In particular, nothing expressed or implied in this Agreement will create any right or duty on
the part of the Company to have you remain in the employment of the Company or any subsidiary prior to or following any Corporate Transaction. 

2. Termination. You and the Company each acknowledge that either party has the right to terminate your employment with the Company at
any time for any reason whatsoever, with or without cause or advance notice pursuant to the following: 
 (a) Termination by Death or
Disability. In the event you shall die during the period of your employment hereunder or become permanently disabled, as evidenced by your inability to carry out your job responsibilities for a continuous period of six months, your employment
and the Company’s obligation to make payments hereunder shall terminate on the date of your death, or the date upon which, in the sole reasonable determination of the Board of Directors of the Company, you have failed to carry out your job
responsibilities for six months, except the Company shall pay you (or your estate) (i) any salary earned but unpaid prior to such termination and all accrued but unused vacation, and (ii) any business expenses incurred by you in connection
with your performance of your duties, according to the policies of the Company, that were incurred but not reimbursed as of the date of such termination. Vesting of any of your stock options, restricted stock units and other stock awards outstanding
on the date of termination shall cease on the date of termination. The Company’s ability to terminate you as a result of any disability shall be to the extent permitted by state and/or federal law. 

  
 1. 

 (b) Voluntary Resignation. In the event you voluntarily resign from your employment with
the Company (other than for Good Reason as defined below), the Company’s obligation to make payments hereunder shall cease upon such resignation, except the Company shall pay you (i) any salary earned but unpaid prior to the resignation
and all accrued but unused vacation, and (ii) any business expenses incurred by you in connection with your performance of your duties, according to the policies of the Company, that were incurred but not reimbursed as of the date of
resignation. Vesting of any of your stock options, restricted stock units and other stock awards outstanding on the date of resignation shall cease on the date of resignation. 

(c) Termination for Cause. In the event you are terminated by the Company for Cause (as defined below), the Company’s obligation
to make payments hereunder shall cease upon the date of receipt by you of written notice and explanation of such termination (the “Date of Termination” for purposes of this paragraph 2(c)), except the Company shall: pay you
(i) any salary earned but unpaid prior to the Date of Termination, all accrued but unused vacation and (ii) any business expenses, incurred by you in connection with your performance of your duties, according to the policies of the
Company, that were incurred but not reimbursed as of the Date of Termination. Vesting of any stock options, restricted stock units and other stock awards outstanding on the Date of Termination shall cease on the Date of Termination. 

(d) Termination by the Company Without Cause or Resignation for Good Reason in Connection with a Corporate Transaction. Subject to the
terms and conditions of this Agreement, the Company will provide you with Severance Benefits (as defined in Section 3) if a Corporate Transaction occurs and as of, or within three (3) months prior to or twelve (12) months after, the
effective time of such Corporate Transaction (i) the Company terminates your employment without Cause or (ii) you resign your employment for Good Reason. You will not be entitled to receive any Severance Benefits if (i) the Company
terminates your employment for Cause, (ii) you resign from your employment with the Company other than for Good Reason, (iii) your employment with the Company terminates as a result of your death or disability or (iv) the Company
terminates your employment without Cause or you resign your employment for Good Reason other than in connection with a Corporate Transaction as described in the preceding sentence. In addition, to the extent that any federal, state or local laws,
including, without limitation, so-called “plant closing” laws, require the Company to give advance notice or make a payment of any kind to you because of your involuntary termination due to a layoff, reduction in force, plant or facility
closing, sale of business, change of control, or any other similar event or reason, the Severance Benefits payable under this Agreement shall be reduced in an amount equal to any such payment received by you, such that the total amounts paid you do
not exceed the Severance Benefits specified herein. The Severance Benefits provided under this Agreement are intended to satisfy any and all statutory obligations that may arise out of your involuntary termination of employment for the foregoing
reasons. 
 3. Description of Severance Benefits. For purposes of this Agreement, “Severance Benefits” are defined
as: 
 (a) severance pay (the “Severance Pay”) equivalent to twelve (12) months of your Base Salary (as defined
below) plus an amount equal to the greater of (i) the annual bonus paid to you for the last completed fiscal year and (ii) the amount of your target bonus established for the fiscal year in which the Notice Date falls; provided that if no
target bonus has been 

  
 2. 

 
established for the fiscal year in which the Notice Date falls, item (ii) shall be the amount of your target bonus established for the immediately preceding fiscal year. The date you are
notified that your employment with the Company is being terminated without Cause or the date you notify the Company that you are terminating your employment for Good Reason, shall be referred to herein as the “Notice Date.” Subject
to the final sentence of this Section 3, the Severance Pay will be paid in a single lump sum cash payment within seven days after the effective date of the release described below, and will be subject to standard payroll deductions and
withholdings; 
 (b) all stock options, restricted stock units and other stock awards in the Company theretofore granted to you, and
any restricted stock owned by you subject to a right of repurchase by the Company, shall vest immediately upon the Notice Date; provided that, the relevant stock option plan and such stock options, restricted stock units and other stock
awards, as applicable, shall not have otherwise terminated in accordance with the terms thereof; and 
 (c) reimbursement of your out
of pocket costs to continue your group health insurance benefits (and dependent coverage, if applicable) under COBRA at substantially the same level of coverage in effect immediately prior to the Notice Date for eighteen (18) months following
the last day of the month in which your Notice Date occurs, payable in a single lump sum within seven days after the effective date of the release described below, subject to standard payroll deductions and withholdings; provided, that even
if you do not elect or are not eligible to receive COBRA, you shall receive the equivalent of such out of pocket costs. 
 To receive any of the Severance
Benefits, you must first sign, date and allow to become effective a general release of claims in favor of the Company in the form attached hereto as Exhibit A (the “Release”). Such Release shall not be signed or dated prior
to the Notice Date. 
 To the extent Severance Benefits pursuant to Section 3 above (A) are paid from the date of termination of your employment
through March 15 of the calendar year following such termination, such Severance Benefits are intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations and thus payable pursuant to the
“short-term deferral” rule set forth in Section 1.409A-1(b)(4) of the Treasury Regulations; (B) are paid following said March 15, such Severance Benefits are intended to constitute separate payments for purposes of
Section 1.409A-2(b)(2) of the Treasury Regulations made upon an involuntary separation from service and payable pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations, to the maximum extent permitted by said provision, and
(C) are in excess of the amounts specified in clauses (A) and (B) of this paragraph, shall (unless otherwise exempt under Treasury Regulations) be considered separate payments subject to the distribution requirements of
Section 409A(a)(2)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), including, without limitation, the requirement of Section 409A(a)(2)(B)(i) of the Code that payments be delayed until 6 months after your
separation from service if you are a “specified employee” within the meaning of the aforesaid section of the Code at the time of such separation from service. 

4. Parachute Payments. 

(a) If any Severance Benefits, payment, distribution or benefit you would receive pursuant to a Corporate Transaction from the Company
or otherwise, but determined 

  
 3. 

 
without regard to any additional payment required under this section 4(a), (“Payment”) would (i) constitute a “parachute payment” within the meaning of
Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and (ii) be subject to the excise tax imposed by Section 4999 of the Code or any interest or penalties payable with respect to such excise
tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then you shall be entitled to receive from the Company an additional payment (the “Gross-Up
Payment”) in an amount that shall fund the payment by you of any Excise Tax on the Payment as well as all income and employment taxes imposed on the Gross-Up Payment, any Excise Tax imposed on the Gross-Up Payment and any interest or
penalties imposed with respect to income and employment taxes imposed on the Gross-Up Payment. 
 (b) The accounting firm engaged by
the Company for general audit purposes as of the day prior to the effective date of the Corporate Transaction shall perform the foregoing calculations. If the accounting firm so engaged by the Company is serving as accountant or auditor for the
individual, entity or group effecting the Corporate Transaction, the Company shall appoint a nationally recognized accounting firm to make the determinations required hereunder. The Company shall bear all expenses with respect to the determinations
by such accounting firm required to be made hereunder. 
 (c) The accounting firm engaged to make the determinations hereunder shall
provide its calculations, together with detailed supporting documentation, to the Company and you within fifteen calendar days after the date on which your right to a Payment is triggered (if requested at that time by the Company or you) or such
other time as requested by the Company or you. If the accounting firm determines that no Excise Tax is payable with respect to a Payment, it shall furnish the Company and you with an opinion reasonably acceptable to you that no Excise Tax will be
imposed with respect to such Payment. Any good faith determinations of the accounting firm made hereunder shall be final, binding and conclusive upon the Company and you. 

5. Description of Corporate Transaction. For purposes of this Agreement, “Corporate Transaction” is defined as:
(i) a sale of substantially all of the assets of the Company; (ii) a merger or consolidation in which the Company is not the surviving corporation if, immediately after the merger or consolidation, the stockholders of the Company
immediately prior thereto do not beneficially own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving entity in such merger
or consolidation, or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving entity in such merger or consolidation, in each case in substantially the same proportions as their ownership of
the outstanding voting securities of the Company immediately prior to such transaction;; (iii) a reverse merger in which the Company is the surviving corporation but the shares of the Company’s common stock outstanding immediately
preceding the merger are converted by virtue of the merger into other property, whether in the form of securities, cash or otherwise if, immediately after the merger, the stockholders of the Company immediately prior thereto do not beneficially own,
directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving entity in such merger or (B) more than fifty percent (50%) of
the combined outstanding voting power of the parent of the surviving entity in such merger, in each case in substantially the same 

  
 4. 

 
proportions as their ownership of the outstanding voting securities of the Company immediately prior to such transaction; or (iv) any transaction or series of related transactions in which
in excess of 50% of the Company’s voting power is transferred, other than the sale by the Company of stock in transactions the primary purpose of which is to raise capital for the Company’s operations and activities. 

6. Definition of Base Salary. For purposes of this Agreement, “Base Salary” means your base salary as of the Notice
Date, excluding the following: any type of bonus payments, commissions, incentive payments or any other similar remuneration paid directly to you, or any other income received in connection with stock options, restricted stock units and other stock
awards, contributions made by the Company under any employee benefit plan, or similar items of compensation. 
 7. Definition of
Cause. For purposes of this Agreement, “Cause” means (i) your arrest for violation of a state or federal criminal law involving the commission of any felony against the Company; (ii) your intentional, material
violation of any material written contract or agreement between you and the Company (which, if curable, is not cured within twenty (20) days after written notice thereof by the Company to you); (iii) your unauthorized use or disclosure of
the Company’s confidential information or trade secrets; or (iv) your continued gross misconduct (which, if curable, is not cured within twenty (20) days after written notice thereof by the Company to you). In the event you are
terminated for Cause you will not be entitled to the Severance Benefits, pay in lieu of notice, vesting of any shares or options under any equity incentive plan, vesting of any unrestricted shares, vesting of any restricted stock units and other
vesting of any stock awards or any other such compensation set forth herein, but you will be entitled to all compensation, benefits and unreimbursed expenses accrued through the date of termination. You and the Company acknowledge that this
definition of “Cause” is not intended and does not apply to any aspect of the relationship between the Company and any of its employees, including you, beyond determining your eligibility for the Severance Benefits. 

8. Definition of Good Reason. For purposes of this Agreement, “Good Reason” shall mean one or more of the following
are undertaken by the Company or the surviving entity in the applicable Corporate Transaction without your express written consent: (i) relocation of your place of work greater than twenty-five miles from your current work location; (ii) a
decrease in your base salary; (iii) a reduction in the amount of your annual target bonus opportunity as in effect prior to such decrease; or (iv) a significant diminution in your authority, duties or job responsibilities as in effect
immediately prior to the first announcement relating to the Corporate Transaction. You and the Company acknowledge that this definition of Good Reason is not intended and does not apply to any aspect of the relationship between the Company and any
of its employees, including you, beyond determining your eligibility for the Severance Benefits. 
 9. Miscellaneous. This Agreement
constitutes the complete, final and exclusive embodiment of the entire agreement between you and the Company with regard to your Severance Benefits. It is entered into without reliance on any promise or representation, written or oral, other than
those expressly contained herein, and it supersedes any prior or contemporaneous understandings, discussions, correspondence, agreements, promises, warranties or representations relating to Severance Benefits. This Agreement may not be

  
 5. 

 
modified or amended except in writing signed by you and a duly authorized officer of the Company. This Agreement will be deemed to have been entered into and will be construed and enforced in
accordance with the laws of the State of California as applied to contracts made and to be performed entirely within California. The parties agree that any action brought by either party to interpret or enforce any provision of this Agreement shall
be brought in, and each party agrees to, and does hereby, submit to the jurisdiction and venue of, the appropriate state or federal court for the district encompassing the Company’s principal place of business. 

10. Successors and Binding Agreement. This Agreement will be binding upon and inure to the benefit of the Company and any successor to
the Company, including without limitation any persons acquiring directly or indirectly all or substantially all of the business or assets of the Company whether or not through a Corporate Transaction (and such successor shall thereafter be deemed
the “Company” for the purposes of this Agreement). This Agreement will inure to the benefit of and be enforceable by your personal or legal representatives, executors, administrators, successors, heirs, distributees and legatees. 

11. Amendments. No provision of the Agreement may be amended, modified or waived unless such amendment, modification or waiver shall be
agreed to in writing and signed by the Executive and a duly authorized officer of the Company. 
 12. Severability. If any provision
of the Agreement shall be determined to be invalid or unenforceable by a court of competent jurisdiction, the remaining provisions of the Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted
by law. 
 13. Independent Counsel. You acknowledge that this Agreement has been prepared on behalf of the Company by counsel to the
Company and that this counsel does not represent, and is not acting on your behalf. You have been provided with an opportunity to consult with your own counsel with respect to this Agreement. You understand that the Company does not make any
representation or warranty as to the tax treatment of your stock options, restricted stock units and other stock awards. 
 14.
Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 6. 

 The Company appreciates your continuing contributions to Alexza Pharmaceuticals, Inc. Please sign below to
indicate your understanding and acceptance of this Agreement and return the signed original to me at your earliest convenience. 
 Very truly yours, 

ALEXZA PHARMACEUTICALS, INC. 
  

			
	 By:
	 	  

			
	 Name:
	 	  

			
	 Title:
	 	  

UNDERSTOOD AND AGREED: 
  

					
	  
	 		  	  

	
[                    ]
	 		  	Date

  
 7. 

 EXHIBIT A 

RELEASE 
 In exchange for
the Severance Benefits provided under the foregoing Change of Control Agreement with Alexza Pharmaceuticals, Inc. (the “Company”), dated
                    , 20    , and except as set forth in this release: 

I agree to the terms in the foregoing Agreement. 

In consideration of the payment to me of the Severance Benefits set forth in the Agreement, I hereby release, acquit and forever discharge the
Company, its parents and subsidiaries, and their respective officers, directors, agents, servants, employees, attorneys, shareholders, successors, assigns and affiliates, of and from any and all claims, liabilities, demands, causes of action, costs,
expenses, attorneys fees, damages, indemnities and obligations of every kind and nature, in law, equity, or otherwise, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way related to agreements,
events, acts or conduct at any time prior to and including the execution date of this release, including but not limited to: all such claims and demands directly or indirectly arising out of or in any way connected with my employment with the
Company or the termination of that employment; claims or demands related to salary, bonuses, commissions, stock, stock options, restricted stock units and other stock awards, or any other ownership interests in the Company, vacation pay, fringe
benefits, expense reimbursements, severance pay, or any other form of compensation; claims pursuant to any federal, state or local law, statute, or cause of action including, but not limited to, the federal Civil Rights Act of 1964, as amended; the
federal Americans with Disabilities Act of 1990; the federal Age Discrimination in Employment Act of 1967, as amended (“ADEA”); the California Fair Employment and Housing Act, as amended; tort law; contract law; wrongful discharge;
discrimination; harassment; fraud; defamation; emotional distress; and breach of the implied covenant of good faith and fair dealing. 
 I
acknowledge that I am knowingly and voluntarily waiving and releasing any rights I may have under the ADEA, as amended. I also acknowledge that the consideration given for the waiver and release in the preceding paragraph hereof is in addition to
anything of value to which I was already entitled. I further acknowledge that I have been advised by this writing, as required by the ADEA, that: (a) my waiver and release do not apply to any rights or claims that may arise after the execution
date of this release; (b) I have been advised hereby that I have the right to consult with an attorney prior to executing this release; (c) I have twenty-one (21) days to consider this release (although I may choose to voluntarily
execute this release earlier); (d) I have seven (7) days following my execution of this release to revoke the release; and (e) this release will not be effective until the date upon which the revocation period has expired, which will
be the eighth day after I execute this release. 
 I UNDERSTAND THAT THIS AGREEMENT INCLUDES A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. In
giving this release, which includes claims which may be unknown to me at present, I acknowledge that I have read and understand Section 1542 of the California Civil Code which reads as follows: “A general release does not extend to
claims  

 
which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the
debtor.” I hereby expressly waive and relinquish all rights and benefits under that section and any law of any jurisdiction of similar effect with respect to my release of any unknown or unsuspected claims I may have against the Company.

  

			
	  

	[                    ]	 	 

 
			
		
	Date:	 	  

  

			
	ALEXZA PHARMACEUTICALS, INC.
		
	By:	 	  

 
			
	Name:	 	  

 
			
	Title:EX-10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

This EMPLOYMENT AGREEMENT (“Agreement”) is made effective as of the 19th day of March, 2014 between Willis Group Public
Limited Company (“Willis”), and John Greene (“Employee”). 
 In consideration of the mutual covenants and
promises contained herein and for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 

1. Employment, Compensation and Benefits. During the Term (as defined in Section 2 below), Willis agrees to employ Employee, and to provide
or cause one of its subsidiaries to provide the remuneration and benefits described below. 
 (a) Title and Duties. 

(i) During the Term, Employee shall be employed as the Chief Financial Officer of Willis (together with its subsidiaries, the “Willis
Group”). Employee shall also be appointed, without additional compensation, to such director and senior executive positions of one or more subsidiaries of Willis as the Board of Directors of Willis (the “Board”) deems
appropriate. 
 (ii) Employee shall have during the Term the customary duties, responsibilities and authority attendant to the position of
chief financial officer of a company the size and nature of Willis Group. 
 (iii) During the Term, Employee shall report directly to the
Chief Executive Officer of Willis. 
 (iv) Employee’s initial place of employment during the Term shall be London, England. To the
extent necessary, such employment shall initially be through a secondment arrangement to the appropriate UK entity. At such time during the Term as may be mutually agreed by the Employee and Willis, but in any event no later than July 2015, or as
otherwise may be necessary for compliance with applicable work permit requirements and immigration laws, Employee’s principal place of employment shall be relocated to New York, New York. The parties shall mutually cooperate to obtain the
necessary work permits for the employment of employee in London. Employee acknowledges and agrees that he shall be regularly required to travel in connection with the performance of his duties hereunder, and that during the period he is employed in
London shall be required to spend reasonable periods of time at the New York offices of the Willis Group in the performance of his duties hereunder. 

(v) During the Term, Employee agrees to devote substantially all of his business attention and time to the business and affairs of the Willis
Group. During the Term, it shall not be a violation of this Agreement for Employee to (A) serve on one (1) for-profit board or committee with the prior written approval of the Board, (B) serve on civic or charitable boards or
committees, and (C) manage personal matters and investments; provided that such activities do not, individually or in the aggregate, materially interfere with the performance of Employee’s duties and responsibilities with respect to the
Willis Group. 

 (b) Base Salary. During the Term, Employee’s initial base salary (“Base
Salary”) will be $62,500.00 per month, which is equivalent to $750,000 on an annual basis, less applicable withholdings, payable in accordance with normal payroll practices and no less frequently than on a monthly basis. During the period
of the Term that the Employee’s place of employment is London, England, the Base Salary may be paid in British pound sterling and Willis Group shall apply the rate of currency exchange between the British pound sterling and the US dollar
published in the Financial Times (London Edition) on the first date of each calendar quarter. The amount of Employee’s Base Salary shall be reviewed annually and may, at the discretion of the Board, be increased (but not decreased). Any such
increased amount shall constitute “Base Salary” hereunder. All dollar amounts referred to in this Agreement are in U.S. dollars. 

(c) Annual Incentive Plan (“AIP”). Employee will participate in the Willis Annual Incentive Plan (the terms of which may be
modified by Willis from time to time) during the Term with a target annual payment equal to 150% of Base Salary (“Target AIP”). Any AIP award will be paid in cash. Employee’s participation in the AIP shall be subject to the other
terms and conditions of such plan. Among other conditions, Employee must be in the active employ of the Willis Group at the time that any AIP Award is normally paid in order to be eligible to receive such award, subject to the termination provisions
of Section 3 hereof. Employee is eligible to receive a full AIP award for the 2014 fiscal year. 
 (d) Annual Equity
Participation. Each year during the Term, Employee will be awarded options, restricted stock units, other equity-based awards or any combination thereof having a total target fair market value as of the date of grant of $900,000, as determined
in accordance with the valuation methodologies of the Willis Group. Such equity awards will be granted during the fiscal year (starting with 2014) at the same time, in the same manner and upon the terms and conditions (including whether to receive
dividend equivalents) as annual long term equity incentive awards are provided generally to executive officers of the Willis Group. Subject to this Section 1(d), the annual equity awards will be governed by and made pursuant to
Willis’ 2012 Equity Incentive Plan (the “2012 EIP”), or any successor plan, and award agreements thereunder that will reflect the terms of this paragraph as well as other terms and conditions established by the Board. 

(e) Transition Equity Award. Subject to the approval of the Compensation Committee, at the next regularly scheduled grant date
immediately following the Commencement Date (as defined below), Employee will be granted time-vested restricted stock units (the “Transition RSU Award”) with a total fair market value as of the date of grant of $375,000. In the
event the Compensation Committee fails to approve such award, Employee shall have Good Reason to terminate his employment. Provided Employee is employed by the Willis Group on the applicable vesting date, the Transition RSU Award will vest in equal
one-third installments on each of the first three anniversaries of the Commencement Date (as defined below). The Transition RSU Award will have dividend equivalents that will be subject to the same vesting conditions as the Transition RSU Award. The
Transition RSU Award will be governed by and made pursuant to the 2012 EIP, and award agreements that will reflect the terms of this paragraph as well as other terms and conditions established by the Board. 

  
 2 

 (f) Transition Cash Award. Employee shall be paid a transition cash award (the
“Transition Cash Award”) in the aggregate amount of $500,000, with the first installment of $300,000 payable on the first payroll date following the Commencement Date (as defined below), and the second installment of $200,000
payable on the first payroll date in 2015, provided that Employee remains employed by the Willis Group on each such payment date. In the event that Employee resigns without Good Reason or is terminated by the Willis Group with Good Cause before the
second anniversary of the Commencement Date (as defined below), Employee will be required to repay a pro-rata portion of such Transition Cash Award based on the number of days that Employee was employed by the Willis Group during such two year
period. 
 (g) General Benefits. During the Term, Employee will be eligible to participate in those employee benefit programs which
are generally made available to similarly situated executive employees of Willis, in accordance with and subject to the normal terms and conditions of such plans. For purposes of clarification, Employee is expected to participate in the employee
benefit plans, programs and policies in effect from time to time for executive employees in London, except that Employee and his family will be provided coverage in an international medical plan in lieu of any medical benefits provided to London
based employees, until Employee’s principal place of employment is relocated to New York, and will thereafter participate in the employee benefit plans, programs and policies in effect from time to time for executive employees in New York. 

(h) Vacation. During the Term, Employee will be entitled to vacation time and holidays as are provided generally to similarly situated
executive employees of Willis but shall, in any event, be entitled to no less than four weeks of vacation per year. 
 (i) Expenses.
Willis or one of its subsidiaries will reimburse Employee for all reasonable business expenses incurred by Employee in performing Employee’s duties for the Willis Group during the Term, in accordance with the business expense reimbursement
policies of Willis as in effect from time to time. 
 (j) Relocation. Employee will be entitled to reimbursement of all reasonable
costs incurred in relocating himself and his family and their possessions from London, England to the New York metropolitan area, including, but not limited to, reasonable moving and family and pets relocation expenses and costs. In the event that
Employee resigns without Good Reason before the second anniversary of the Commencement Date (as defined below), Employee will be required to repay a pro-rata portion of such reimbursement based on the number of days that Employee was employed by the
Willis Group during such two year period. 
 2. Term. This Agreement shall commence on June 2, 2014 or such earlier date mutually agreed by the
Employee and Willis (the “Commencement Date”) and shall continue until terminated (i) by either party, with or without Good Cause or Good Reason (as defined below), upon 60 calendar days’ prior written notice,
(ii) immediately by the Willis Group with Good Cause, or (iii) immediately upon the Employee’s death or disability (as disability is defined in the Long Term Disability Benefits Plan in which Employee participates)
(“Disability”) (such period, the “Term”). If this Agreement is terminated by either party on 60 days’ prior written notice pursuant to this Section 2, Employee shall remain an employee of the Willis
Group 

  
 3 

 
through the effective date of such termination, subject to all of the rights and obligations of an employee during such period, and Employee’s employment hereunder shall terminate at the end
of the notice period. At its sole option, the Willis Group may elect to direct Employee not to report to work and/or enter the Willis Group’s office premises or otherwise perform certain services during such 60 day notice period, and Employee
shall comply with any such direction. During such 60 day notice period, the Willis Group shall pay Employee the base salary due to Employee during the notice period in accordance with its normal payroll practices. Sections 3 through 9
shall survive any termination of this Agreement. 
 3. Effect of Certain Terminations. If during the Term, (i) Employee’s employment is
terminated by the Willis Group without Good Cause (and other than by reason of death or Disability), or (ii) Employee terminates from employment for Good Reason, then Employee shall be entitled to: 

(a) in the event such termination occurs (i) prior to the second anniversary of the Commencement Date, continued payment of one and
one-half (1.5) times Base Salary during the 18-month period following the termination date, or (ii) on or following the second anniversary of the Commencement Date, continued payment of one (1.0) times Base Salary during the12-month
period following the termination date, in each case (as applicable, the “Severance Period”) payable in accordance with normal payroll practices, beginning on the first payroll date on or after the 60th day following the termination date;
provided that, in the event such termination occurs within 24 months following a “Change in Control” (as defined in the 2012 EIP), such payment shall equal two (2) times Base Salary and shall be made in a cash lump sum on the first
business day on or after the 60th day following the termination date; 
 (b) in the event such termination occurs (i) prior to the
second anniversary of the Commencement Date, payment of an amount equal to one and one-half (1.5) times the Target AIP, or (B) in the event termination occurs on or following the second anniversary of the Commencement Date, payment of an
amount equal to one (1.0) times the Target AIP, payable in equal installments during the applicable Severance Period in accordance with normal payroll practices, beginning on the first payroll date on or after the 60th day following the
termination date; provided that, in the event such termination occurs within 24 months following a “Change in Control” (as defined in the 2012 EIP), such payment shall equal two (2) times Target AIP and shall be made in a cash lump
sum on the first business day on or after the 60th day following the termination date; 
 (c) payment of (A) the full amount of the
Transition Cash Award contemplated by Section 1(f) hereof in a cash lump sum on the first payroll date on or after the 60th day following the termination date (to the extent not already paid) and (B) a pro-rated AIP for the fiscal
year of such termination equal to the AIP Employee is entitled based on Willis’ actual performance for such year, multiplied by a fraction, the numerator of which is the number of days in the fiscal year of Employee’s termination prior to
the termination date, and the denominator of which is 365, payable at the time as AIP bonuses are paid generally to participants for the applicable year; provided that, in the event such termination occurs within 24 months following a “Change
in Control” (as defined in the 2012 EIP), such pro-rated AIP for the fiscal year of termination shall be determined based upon the Target AIP rather than actual AIP, and otherwise under the pro-ration formula and time of payment as above; 

  
 4 

 (d) continued participation for Employee and his spouse and then covered dependents in the
applicable group medical plan of the Willis Group, if any, in which Employee and his eligible spouse and dependents participate as of the date of termination in accordance with the terms of such plan in effect from time to time for executive
officers of Willis generally and so long as such continued participation is permissible under applicable law and does not result in any penalty or additional tax (other than taxes applicable to the payment of wages) upon Employee or the Willis Group
or, in lieu of such continued coverage and solely in order to avoid any such penalty or additional tax, monthly payments equal to the excess of the COBRA rate (or equivalent rate) under such group medical plan over the amount payable generally by
executive officers of Willis, in each case until the earlier of (x) 12 months following the termination date or (y) the date that Employee (or any eligible spouse or dependent but only as to the eligibility of such spouse or dependent)
obtains new employment that offers group medical coverage; 
 (e) for purposes of determining the achievement of any employment or
service-based vesting requirements applicable to any outstanding stock options, restricted stock units or other equity-based awards made during the Term, Employee shall be treated as having an additional 12 months of employment or service as of the
date of termination; provided that, in the case of the Transition RSU Award, the award shall become fully vested as of the date of termination; provided further that, in the event such termination without Good Cause or for Good Reason occurs within
24 months following a “Change in Control,” (as defined in the 2012 EIP), the Employee shall be treated as being fully vested in all such awards as of the date of termination; and 

(f) each stock option granted to Employee which is vested (or deemed vested in accordance with this Section 3) on Employee’s
termination date will remain exercisable until the earlier of (A) one (1) year following the date of such termination without Good Cause or for Good Reason (or, if later, the post-termination expiration date specified in the option) and
(B) the normal expiration date of such stock option that would have applied if Employee’s employment with Willis had continued. 
 Any and all
amounts payable pursuant to this Section 3 will only be payable if Employee delivers to Willis and does not revoke a general release substantially in the form attached hereto as Exhibit A within 30 days following the termination
date. 
 For purposes of this Agreement, “Good Cause” is defined as (i) Employee’s gross and/or chronic neglect of
Employee’s duties that continues after written notice, (ii) Employee’s conviction of a felony or misdemeanor involving moral turpitude, (iii) dishonesty, embezzlement, fraud or other material willful misconduct by Employee in
connection with Employee’s employment, (iv) the issuance of any final order for Employee’s removal as an associate of the Willis Group by any state or federal regulatory agency, (v) Employee’s material violation of
Sections 5 and 6 hereof that is not cured within 15 days of written notice, (vi) Employee’s material breach of any fiduciary duty owed to the Willis Group, including, without limitation, the duty of loyalty, that is not cured
within 5 days of written notice, or (vii) any material breach of a material provision of the Willis Group’s Code of Ethics by Employee that is not cured within 5 days of written notice. “Good Cause” shall not include an
immaterial, isolated instance of ordinary negligence or failure to act, whether due to an error in judgment or otherwise, if Employee has exercised substantial efforts in good faith to perform the duties reasonably assigned or appropriate to
Employee’s position. 

  
 5 

 For purposes of this Agreement, “Good Reason” means one or more of the following events has
occurred without Employee’s written consent: (i) a material diminution in Employee’s status, title, position, authority or responsibilities or the assignment to Employee of duties or responsibilities which are materially inconsistent
with his position as the Chief Financial Officer of Willis, (ii) a reduction in Employee’s monthly base salary or Target AIP percentage; (iii) a material breach by Willis of any material provision of this Agreement; or
(iv) Employee is required to relocate Employee’s office outside a radius of 35 miles from the current office locations of One World Financial Center at 200 Liberty Street in New York City or the Willis Building at 51 Lime Street in London.
Employee may not resign or otherwise terminate Employee’s employment for any reason set forth above as Good Reason unless Employee first notifies Willis in writing describing such Good Reason within 90 days of the first occurrence of such
circumstances, and, thereafter, such Good Reason is not corrected by Willis within 30 days of Employee’s written notice of such Good Reason, and Employee actually terminates employment within 90 days following the expiration of Willis’
30-day cure period described above. Except as may be required by applicable law, Employee will not be entitled to severance pay of any type following employment termination for any other reason or pursuant to any severance policy of the Willis
Group. 
 4. Excise Tax. Notwithstanding any other provision to the contrary in this Agreement, in any other agreement between
Employee and Willis or any of its affiliates, or in any plan maintained by Willis or any of its affiliates, if there is a Section 280G Change in Control (a change in the ownership or effective control of Willis or in the ownership of a
substantial portion of the assets of Willis, as determined in accordance with section 280G(b)(2) of the Code and the regulations issued thereunder), the provisions set forth below shall apply: 

(a) Except as otherwise provided in Section 4(b) below, if it is determined in accordance with Section 4(d) below that
any portion of the Payments (defined as payments or benefits in the nature of compensation that are to be paid or provided to Employee or for his benefit in connection with a 280G Change in Control (whether under this Agreement or otherwise,
including by the entity, or by any affiliate of the entity, whose acquisition of the stock of Willis or its assets constitutes the Change in Control) if Employee is a “disqualified individual” (as defined in section 280G(c) of the Code) at
the time of the 280G Change in Control, to the extent that such payments or benefits are “contingent” on the 280G Change in Control within the meaning of section 280G(b)(2)(A)(i) of the Code and the regulations issued thereunder) that
otherwise would be paid or provided to Employee or for his benefit in connection with the 280G Change in Control would be subject to the excise tax imposed under section 4999 of the Code (“Excise Tax”), then such Payments shall be reduced
by the smallest amount necessary in order for no portion of Employee’s total Payments to be subject to the Excise Tax. 
 (b) No
reduction in any of Employee’s Payments shall be made pursuant to Section 4(a) above if the After Tax Amount of the Payments payable to him without such reduction would exceed the After Tax Amount of the reduced Payments payable to
him in accordance with Section 4(a) above. For purposes of the foregoing, (i) the “After Tax Amount” of Employee’s 

  
 6 

 
Payments, as computed with, and as computed without, the reduction provided for under Section 4(a), shall mean the amount of the Payments, as so computed, that Employee would retain
after payment of all taxes (including without limitation any federal, state or local income taxes, the Excise Tax or other excise taxes, any employment, social security or Medicare taxes, and any other taxes) imposed with respect to such Payments in
the year or years in which payable; and (ii) the amount of such taxes shall be computed at the rates in effect under the applicable tax laws in the year in which the 280G Change in Control occurs, or if then ascertainable, the rates in effect
in any later year in which any Payment is expected to be paid following the 280G Change in Control, and in the case of any income taxes, by using the maximum combined federal, state and (if applicable) local income tax rates then in effect under
such laws. 
 (c) The payment reduction (if any) contemplated by this Section 4(a) shall be implemented by (i) first reducing any
cash severance payments, (ii) then reducing cash retention payments, and (iii) then reducing all other payments and benefits, in each case, with amounts having later payment dates being reduced first. 

(d) A determination as to whether any reduction in Employee’s Payments is required pursuant to Section 4(a) above, and if so,
as to which Payments are to be reduced and the amount of the reduction to be made to any such Payments, shall be made by no later than 30 days prior to the closing of the transaction or the occurrence of the event that constitutes the 280G Change in
Control, or as soon thereafter as administratively practicable. Such determinations, and the assumptions to be utilized in arriving at such determinations, shall be made by Willis’s independent auditor or, if such auditor is not permitted to
provide such advice, by a nationally recognized public accounting firm reasonably selected by the Board with the consent of Employee, which consent shall not be unreasonably withheld or delayed (“Auditor”). The Auditor shall provide a
written report of its determinations hereunder, including detailed supporting calculations, both to Employee and to Willis. The fees and expenses of the auditor shall be paid entirely by Willis and the determinations made by Auditor hereunder shall
be binding upon Employee and Willis. 
  

	5.	Confidential Information and Work for Hire. 

 (a) Confidential Information. The
Willis Group shall provide Employee with access to nonpublic information of the Willis Group to the extent reasonably necessary to the performance of Employee’s job duties. Employee acknowledges that all non-public information (including, but
not limited to, information regarding the Willis Group’s clients), owned or possessed by the Willis Group (collectively, “Confidential Information”) constitutes a valuable, special and unique asset of the business of the Willis
Group. Other than in the good faith performance of his duties hereunder or in connection with an arbitration or suit between Employee and the Willis Group, Employee shall not, during or after the period of his/her employment with the Willis Group
(i) disclose, in whole or in part, such Confidential Information to any third party without the consent of the Willis Group or (ii) use any such Confidential Information for his/her own purposes or for the benefit of any third party. These
restrictions shall not apply to any information in the public domain provided that Employee was not responsible, directly or indirectly, for such information entering the public domain without the Willis Group’s consent. Upon termination of
Employee’s employment hereunder, Employee shall promptly return to the Willis Group all materials, information and other property (including all files, computer discs and manuals) of the Willis Group as may then be in Employee’s possession
or control. 

  
 7 

 (b) Work for Hire. Any work prepared by Employee as an employee of the Willis Group
including written and/or electronic reports and other documents and materials shall be “work for hire” and shall be the exclusive property of the Willis Group. If, and to the extent that, any rights to such work do not vest in the Willis
Group automatically, by operation of law, Employee shall be deemed to hereby unconditionally and irrevocably assign to the Willis Group all rights to such work and Employee shall cooperate with the Willis Group’s efforts (and at its cost and
expense) to establish and protect its rights to such work. 
 6. Employee Loyalty, Non-competition and Non-solicitation. Employee understands that
Employee owes a duty of loyalty to the Willis Group. All business activity participated in by Employee as an employee of the Willis Group shall be undertaken solely for the benefit of the Willis Group. Employee shall have no right to share in any
commission or fee resulting from such business activity other than the compensation referred to in Section 1. While this Agreement is in effect and for the Applicable Period following termination of Employee’s employment with the
Willis Group, Employee shall not, within the “Territories” described below: 
 (a) directly or indirectly solicit, accept, or
perform, other than on the Willis Group’s behalf, insurance brokerage, insurance agency, risk management, claims administration, consulting or other business performed by the Willis Group from or with respect to (i) clients of the Willis
Group with whom Employee had business contact or provided services to, either alone or with others, while employed by the Willis Group and, further provided, such clients were clients of the Willis Group either on the date of termination of
Employee’s employment with the Willis Group or within twelve (12) months prior to such termination (the “Restricted Clients”) and (ii) active prospective clients of the Willis Group with whom Employee had business
contacts regarding the business of the Willis Group within six (6) months prior to termination of Employee’s employment with the Willis Group (the “Restricted Prospects”). 

(b) directly or indirectly (i) solicit any employee of the Willis Group (“Protected Employees”) to work for Employee or
any third party, including any competitor (whether an individual or a competing company) of the Willis Group or (ii) induce any such employee of the Willis Group to leave the employ of the Willis Group. 

(c) directly or indirectly involved as an owner, officer, director, employee, contractor, advisor or agent of any business principally engaged
in insurance brokerage, reinsurance brokerage, surety brokerage, bond brokerage, insurance agency, underwriting agency, managing general agency, risk management, claims administration, self-insurance, risk management consulting or other business
which is either performed by the Willis Group or is a business in which the Willis Group has taken steps toward engaging (including, but not limited to, the following businesses and their respective subsidiaries and/or other affiliates: Aon
Corporation, Arthur J Gallagher & Co. and Marsh Incorporated) (a “Competitor”). Because the Willis Group’s business competes on a global basis, Employee understands and acknowledges that his obligations hereunder shall
apply anywhere in the world. Notwithstanding the foregoing, it shall not be a violation of this Agreement for: (i) Employee to have beneficial ownership of less than 

  
 8 

 
1% of the outstanding amount of any class of securities of any enterprise (but without otherwise participating in the activities of such enterprise) if such securities are listed on a national
securities exchange or quoted on an inter-dealer quotation system or an indirect interest in any equity securities held in any investment company or fund over which Employee does not exercise investment authority or control; or (ii) following
termination or resignation of Employee’s employment with the Willis Group, for Employee to engage in, or become associated in any capacity with, a business or entity that provides consulting, investment banking, asset management or fund
formation and management advice and services to third parties, as long as Employee does not use or disclose any Confidential Information and Employee does not directly provide such advice and services to a Competitor. 

(d) directly or indirectly, orally, in writing or through any medium including, but not limited to, the press or other media, computer networks
or bulletin boards, or any other form of communication, publicly disparage the Willis Group, its affiliates or their respective employees, directors or business relations. Willis shall not at any time during or after the Term, make any public
statement such as a press release which disparages Employee. Nothing in this provision shall be construed to prohibit either party from (i) correcting any misstatement of fact by any person or (ii) testifying truthfully in any legal or
administrative proceeding or investigation, but each party shall inform the other party as soon as reasonably practicable before delivering any such testimony. 

For purposes of this Section 5, “Territories” shall refer to those counties where the Restricted Clients, Restricted Prospects,
or Protected Employees of the Willis Group are present and available for solicitation and “Applicable Period” shall mean eighteen (18) months is such termination occurs on or before the first anniversary of the Commencement
Date and twelve (12) months if the termination date occurs thereafter. 
 The Employee agrees that if the employee violates any of the provisions of
this Section 5, the Willis Group would sustain irreparable harm and, therefore, the Willis Group shall be entitled to obtain from any court of competent jurisdiction, without posting any bond or other security, temporary, preliminary and
permanent injunctive relief as well as damages and an equitable accounting of all earnings, profits and other benefits arising from such violation, which rights shall be cumulative and in addition to any other rights or remedies in law or equity to
which the Willis Group may be entitled. Moreover, if any provision or clause of this Section 5, or portion thereof, shall be held by a court of competent jurisdiction to be illegal, void, unreasonable or unenforceable, the remainder of
such provisions shall not thereby be affected and shall be given full force and effect, without regard to the invalid portion. It is the intention of the parties that, if a court construes any provision or clause of this Agreement, or any portion
thereof, to be illegal, void, unreasonable or unenforceable because of the duration of such provision or the area or matter covered thereby, such court shall modify the duration, area, or matter of such provision and, in its modified form, such
provision shall then be enforceable and shall be enforced to the fullest extent of law. 
 7. Mandatory Binding Arbitration. Except for a claim
beginning with a request for injunctive relief brought by the Willis Group or Employee, the Willis Group and Employee agree that any dispute arising either under this Agreement or from the employment relationship shall be resolved by arbitration
– it is understood that disputes arising either under this Agreement or 

  
 9 

 
from the employment relationship shall be understood to include, but not be limited to, any and all disputes concerning any claim by the Employee against the Willis Group concerning or relating
to (a) alleged illegal discrimination against the Employee in the terms and conditions of employment (including but not limited to any claim of alleged illegal discrimination on the basis of race, color, religion, sex, gender, national origin,
age, physical disability and/or mental disability), (b) alleged public policy violations, (c) alleged wrongful employment termination and/or (d) any other disputes arising from or in connection with the employment relationship. Each
party expressly waives any right, whether pursuant to any applicable federal, state, or local statute, to a jury trial and/or to have a court of law determine rights and award damages with respect to any such dispute. The party invoking arbitration
shall notify the other party in writing (the “Written Notice”). The parties shall exercise their best efforts, in good faith, to agree upon selection of a single arbitrator. If the parties are unable to agree upon selection of a
single arbitrator, they shall so notify the American Arbitration Association or another agreed upon arbitration administrator and request that the arbitration provider work with the parties to select a single arbitrator. The arbitration shall be
(x) conducted in accordance with the American Arbitration Association’s National Rules for the Resolution of Employment Disputes, (y) held at a location reasonably convenient to that office of the Willis Group at which the Employee
had most recently been assigned and (z) completed within six months (or within such other time as the parties may mutually agree) of the receipt of Written Notice by the party being notified. The arbitrator shall have no authority to assess
punitive or exemplary damages as to any dispute arising out of or concerning the provisions of this Agreement or otherwise arising out of the employment relationship, except as and unless such damages are expressly authorized by otherwise applicable
and controlling statutes. The arbitrator’s decision shall be final and binding and enforceable in any court of competent jurisdiction, to the extent permitted by applicable law, each party shall bear its own costs, including attorneys’
fees, and share all costs of the arbitration equally. Nothing provided herein shall interfere with either party’s right to seek or receive damages or costs as may be allowed by applicable statutory law. Willis will pay all of Employee’s
reasonable legal fees and expenses and, if applicable, Employee’s share of arbitration costs, with respect to any particular claim on which Employee prevails; provided, however, that if there are multiple claims and Employee prevails on at
least half of such claims, Willis shall pay all of Employee’s reasonable legal fees and expenses and all of the costs of such arbitration. For purposes of the previous sentence, the number of claims and the party prevailing on a claim shall be
determined by the arbitrator(s). 
 8. Representations and Warranties. Employee represents and warrants: 

(a) Except as specifically provided by Employee to the Willis Group in writing, Employee is not subject to either an agreement with any former
employer or otherwise or any court order, judgment or decree which places restrictions on Employee’s business activities and that if employee is subject to any of the foregoing, Employee will, by the earlier of the commencement date of
employment or execution of the Agreement provide the Willis Group with a copy of such agreement, order, judgment, or decree. 
 (b) Employee
has reviewed and will abide by the Willis Group Code of Ethics. 

  
 10 

 (c) Employee will not bring or use any confidential materials, proprietary materials or property
(including, but not limited to, files, computer disks or other documentation or property) belonging to Employee’s prior employer(s). 
 9. Legal
Fees. Willis shall promptly reimburse Employee for his reasonable legal fees and expenses incurred in connection with entering into this Agreement, up to a maximum of $25,000. 

10. Miscellaneous. This Agreement sets forth the entire agreement between the parties and supersedes any and all prior agreements and understandings
regarding the subject matter herein. This Agreement may only be modified by a written instrument signed by both parties. If any term of this Agreement is rendered invalid or unenforceable by judicial, legislative or administrative action, the
remaining provisions hereof shall remain in full force and effect and shall in no way be affected, impaired or invalidated. Except for notices by the Willis Group to Employee which the Willis Group chooses to hand deliver to Employee, any notices
given pursuant to this Agreement shall be sent by first class US postal service or overnight courier service to the addresses set forth below (or, to the then current address of a party, with both parties agreeing to promptly provide the other party
with written notice of any change in address). This Agreement shall be governed by the laws of the state of New York, without giving effect to that state’s conflicts of law principles. The waiver by either party of any breach of this Agreement
shall not operate or be construed as a waiver of that party’s rights upon any subsequent breach. This Agreement shall inure to the benefit of and be binding upon and enforceable against the heirs, legal representatives and assigns of Employee
and the successors and assigns of Willis. Upon the commencement by the Employee of employment with any third party, during the two year period following termination of employment hereunder, the Employee shall promptly inform such new employer of the
substance of Sections 4 and 5 of this Agreement. Notwithstanding anything else herein to the contrary, Willis may withhold (or cause there to be withheld, as the case may be) from any amounts otherwise due or payable under or pursuant
to this Agreement such federal, state and local income, employment, or other taxes or contributions (including UK National Insurance contributions) as may be required to be withheld pursuant to any applicable law or regulation. 

 

	11.	Section 409A. 

 (a) Compliance. The intent of the parties is that payments and
benefits under this Agreement are either exempt from or comply with Section 409A of the Internal Revenue Code (“Section 409A”) and, accordingly, to the maximum extent permitted, the Agreement shall be interpreted to that end.
In no event shall the Willis Group or its affiliates be liable for any tax, interest or penalties that may be imposed under by Section 409A or any damages for failing to comply with Section 409A. 

(b) Six Month Delay for Specified Employees. If any payment, compensation or other benefit provided to Employee in connection with his
employment termination is determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A and Employee is a “specified employee” as defined in Section 409A, no part
of such payments shall be paid before the day that is six months plus one day after Employee’s date of termination or, if earlier, Employee’s death (the “New Payment Date”). The aggregate of any payments that otherwise
would have been paid to Employee during the period between the date of termination and the New Payment Date shall be paid to Employee in a lump sum on such New Payment Date. 

  
 11 

 (c) Payments for Reimbursements and In-Kind Benefits. All reimbursements for costs and
expenses under this Agreement shall be paid in no event later than the end of the calendar year following the calendar year in which Employee incurs such expense. With regard to any provision herein that provides for reimbursement of costs and
expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (ii) the amount of expenses eligible for
reimbursements or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year. 

(d) Termination as a Separation from Service; Separate Payments. A termination of employment shall not be deemed to have occurred for
purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment until such termination is also a “separation from service” within
the meaning of Section 409A. If under this Agreement, an amount is paid in two or more installments, for purposes of Section 409A, each installment shall be treated as a separate payment. 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement to become
effective as of the date first above written. 
  

							
	 EMPLOYEE:
  

John Greene
	 		  	WILLIS GROUP PUBLIC LIMITED COMPANY
				
	 /s/ John Greene
	 		  	By:	  	/s/ Celia R. Brown
			
		 		  	TITLE: Human Resources Representative
			
	John Greene	 		  	 Willis Group Holdings Public Limited

Company
 200 Liberty Street

New York, NY 10281
 Attention: General Counsel

 EXHIBIT A 

GENERAL RELEASE1 

I, John Greene, in consideration of and subject to the performance by Willis Group Public Limited Company (together with its subsidiaries, the
“Company”), of its obligations under the Employment Agreement dated as of March 19, 2014 (the “Agreement”), do hereby release and forever discharge as of the date hereof the Company and its respective
affiliates and all present, former and future managers, directors, officers, employees, successors and assigns of the Company and its affiliates and direct or indirect owners (collectively, the “Released Parties”) to the
extent provided below (this “General Release”). The Released Parties are intended to be third-party beneficiaries of this General Release, and this General Release may be enforced by each of them in accordance with the terms hereof
in respect of the rights granted to such Released Parties hereunder. Terms used herein but not otherwise defined shall have the meanings given to them in the Agreement. 

1. I understand that any payments or benefits paid or granted to me under Section 3 of the Agreement represent, in part, consideration
for signing this General Release and are not salary, wages or benefits to which I was already entitled. I understand and agree that I will not receive certain of the payments and benefits specified in Section 3 of the Agreement unless I execute
this General Release and do not revoke this General Release within the time period permitted hereafter. Such payments and benefits will not be considered compensation for purposes of any employee benefit plan, program, policy or arrangement
maintained or hereafter established by the Company or its affiliates. 
 2. Except as provided in paragraphs 4 and 5 below and except for
the provisions of the Agreement which expressly survive the termination of my employment with the Company, I knowingly and voluntarily (for myself, my heirs, executors, administrators and assigns) release and forever discharge the Company and the
other Released Parties from any and all claims, suits, controversies, actions, causes of action, cross-claims, counter-claims, demands, debts, compensatory damages, liquidated damages, punitive or exemplary
damages, other damages, claims for costs and attorneys’ fees, or liabilities of any nature whatsoever in law and in equity, both past and present (through the date that this General Release becomes effective and enforceable) and whether known
or unknown, suspected, or claimed against the Company or any of the Released Parties which I, my spouse, or any of my heirs, executors, administrators or assigns, may have, which arise out of or are connected with my employment with, or my
separation or termination from, the Company (including, but not limited to, any allegation, claim or violation, arising under: Title VII of the Civil Rights Act of 1964, as amended; the Civil Rights Act of 1991; the Age Discrimination in Employment
Act of 1967, as amended (including the Older Workers Benefit Protection Act); the Equal Pay Act of 1963, as amended; the Americans with Disabilities Act of 1990; the Family and Medical Leave Act of 1993; the Worker Adjustment Retraining and
Notification Act; the Employee Retirement Income Security Act of 1974; any applicable Executive Order Programs; the Fair Labor 
  

	1 	 This General Release may be modified based on the jurisdiction in which the employee is located as of his termination of employment on a basis
consistent with the purpose of this General Release. 

 
Standards Act; or their state or local counterparts; or under any other federal, state or local civil or human rights law, or under any other local, state, or federal law, regulation or
ordinance; or under any public policy, contract or tort, or under common law; or arising under any policies, practices or procedures of the Company; or any claim for wrongful discharge, breach of contract, infliction of emotional distress,
defamation; or any claim for costs, fees, or other expenses, including attorneys’ fees incurred in these matters) (all of the foregoing collectively referred to herein as the “Claims”). 

3. I represent that I have made no assignment or transfer of any right, claim, demand, cause of action, or other matter covered by paragraph 2
above. 
 4. I agree that this General Release does not waive or release any rights or claims that I may have under the Age Discrimination
in Employment Act of 1967 which arise after the date I execute this General Release. I acknowledge and agree that my separation from employment with the Company in compliance with the terms of the Agreement shall not serve as the basis for any claim
or action (including, without limitation, any claim under the Age Discrimination in Employment Act of 1967). 
 5. I agree that I hereby
waive all rights to sue or obtain equitable, remedial or punitive relief from any or all Released Parties of any kind whatsoever in respect of any Claim, including, without limitation, reinstatement, back pay, front pay, and any form of injunctive
relief. Notwithstanding the above, I further acknowledge that I am not waiving and am not being required to waive any right that cannot be waived under law, including the right to file an administrative charge or participate in an administrative
investigation or proceeding; provided, however, that I disclaim and waive any right to share or participate in any monetary award resulting from the prosecution of such charge or investigation or proceeding. Additionally, I am not
waiving (i) any right to any accrued benefits or any severance benefits to which I am entitled under the Agreement, (ii) any claim relating to directors’ and officers’ liability insurance coverage or any right of indemnification
under the Company’s organizational documents or otherwise, or (iii) my rights as an equity or security holder in the Company or its affiliates. 

6. In signing this General Release, I acknowledge and intend that it shall be effective as a bar to each and every one of the Claims
hereinabove mentioned or implied. I expressly consent that this General Release shall be given full force and effect according to each and all of its express terms and provisions, including those relating to unknown and unsuspected Claims
(notwithstanding any state or local statute that expressly limits the effectiveness of a general release of unknown, unsuspected and unanticipated Claims), if any, as well as those relating to any other Claims hereinabove mentioned or implied. I
acknowledge and agree that this waiver is an essential and material term of this General Release and that without such waiver the Company would not have agreed to the terms of the Agreement. I further agree that in the event I should bring a Claim
seeking damages against the Company, or in the event I should seek to recover against the Company in any Claim brought by a governmental agency on my behalf, this General Release shall serve as a complete defense to such Claims to the maximum extent
permitted by law. I further agree that I am not aware of any pending claim of the type described in paragraph 2 above as of the execution of this General Release. 

  
 2 

 7. I agree that neither this General Release, nor the furnishing of the consideration for this
General Release, shall be deemed or construed at any time to be an admission by the Company, any Released Party or myself of any improper or unlawful conduct. 

8. I agree that if I violate this General Release by suing the Company or the other Released Parties, I will pay all costs and expenses of
defending against the suit incurred by the Released Parties, including reasonable attorneys’ fees. 
 9. I hereby acknowledge that
Sections 3 through 7 and 9 through 11 of the Agreement shall survive my execution of this General Release. 
 10. I represent that I am not
aware of any claim by me other than the claims that are released by this General Release. I acknowledge that I may hereafter discover claims or facts in addition to or different than those which I now know or believe to exist with respect to the
subject matter of the release set forth in paragraph 2 above and which, if known or suspected at the time of entering into this General Release, may have materially affected this General Release and my decision to enter into it. 

11. Notwithstanding anything in this General Release to the contrary, this General Release shall not relinquish, diminish, or in any way
affect any rights or claims arising out of any breach by the Company or by any Released Party of the Agreement after the date hereof. 
 12.
Whenever possible, each provision of this General Release shall be interpreted in, such manner as to be effective and valid under applicable law, but if any provision of this General Release is held to be invalid, illegal or unenforceable in any
respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this General Release shall be reformed, construed and enforced in such
jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. 
 BY SIGNING THIS GENERAL RELEASE, I
REPRESENT AND AGREE THAT: 
  

	 	1.	I HAVE READ IT CAREFULLY; 

  

	 	2.	I UNDERSTAND ALL OF ITS TERMS AND KNOW THAT I AM GIVING UP IMPORTANT RIGHTS, INCLUDING BUT NOT LIMITED TO, RIGHTS UNDER THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED, TITLE VII OF THE CIVIL RIGHTS ACT OF
1964, AS AMENDED; THE EQUAL PAY ACT OF 1963, THE AMERICANS WITH DISABILITIES ACT OF 1990; AND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED; 

  

	 	3.	I VOLUNTARILY CONSENT TO EVERYTHING IN IT; 

  

	 	4.	I HAVE BEEN ADVISED TO CONSULT WITH AN ATTORNEY BEFORE EXECUTING IT AND I HAVE DONE SO OR, AFTER CAREFUL READING AND CONSIDERATION, I HAVE CHOSEN NOT TO DO SO OF MY OWN VOLITION; 

  
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	 	5.	I HAVE HAD AT LEAST [21][45] DAYS FROM THE DATE OF MY RECEIPT OF THIS RELEASE TO CONSIDER IT, AND THE CHANGES MADE SINCE MY RECEIPT OF THIS RELEASE ARE NOT MATERIAL OR WERE MADE AT MY REQUEST AND WILL NOT RESTART THE
REQUIRED [21][45]-DAY PERIOD; 

  

	 	6.	I UNDERSTAND THAT I HAVE SEVEN (7) DAYS AFTER THE EXECUTION OF THIS RELEASE TO REVOKE IT AND THAT THIS RELEASE SHALL NOT BECOME EFFECTIVE OR ENFORCEABLE UNTIL THE REVOCATION PERIOD HAS EXPIRED; 

 

	 	7.	I HAVE SIGNED THIS GENERAL RELEASE KNOWINGLY AND VOLUNTARILY AND WITH THE ADVICE OF ANY COUNSEL RETAINED TO ADVISE ME WITH RESPECT TO IT; AND 

 

	 	8.	I AGREE THAT THE PROVISIONS OF THIS GENERAL RELEASE MAY NOT BE AMENDED, WAIVED, CHANGED OR MODIFIED EXCEPT BY AN INSTRUMENT IN WRITING SIGNED BY AN AUTHORIZED REPRESENTATIVE OF THE COMPANY AND BY ME. 

 

									
	SIGNED:	  	 	  		  	DATED:	  	 

  
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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}]]