Document:

Exhibit 10.9

                     INCENTIVE COMPENSATION PLAN FOR CERTAIN

                                SENIOR EXECUTIVES

               (Amended and Restated Effective February 11, 2002)

Section 1. Purpose

This Plan has been established in order to provide short term incentive
compensation to those Eligible Employees as determined under the terms of this
Plan.

Section 2. Goals

The Committee shall establish goals for each year as early as is practicable
therein. In establishing goals, the Committee shall adopt such methods and apply
such standards as it shall deem relevant and suitable, taking into consideration
both the internal needs of the Company and the effect upon it of anticipated
external developments including the growth rates of its competitors.

In order for awards under this Plan to qualify as performance-based compensation
under the provisions of Section 162(m) of the Internal Revenue Code of 1986,
within 90 days after the beginning of each calendar year, the Committee shall
establish, in writing, Qualifying Performance Criteria for the target awards for
Eligible Employees (as defined below). Notwithstanding the satisfaction of the
annual goals established under the Qualifying Performance Criteria, the awards
provided to the Eligible Employees may be adjusted by the Committee in its sole
discretion; except that the Committee may not increase the amount of any such
award that results from the satisfaction of the annual goals established under
the Qualifying Performance Criteria. In addition, the maximum annual award that
shall be granted to each Eligible Employees shall be $5,000,000 for the Chairman
and President, and $3,000,000 for each other Eligible Employees.

For purposes of this section, the Qualifying Performance Criteria shall be any
one or more of the following performance criteria, either individually,
alternatively, or in any combination, applied to either the Company as a whole
or to a business unit or subsidiary, either individually, alternatively, or in
any combination, and measured either on an absolute basis or relative to a
pre-established target, to previous years' results or to a designated comparison
group, in each case as pre-established by the Committee: (a) shareholder value
added; (b) cash flow; (c) earnings per share; (d) earnings before interest,
taxes, depreciation and amortization ("EBITDA"); (e) return on equity; (f)
return on capital; (g) return on assets or net assets; (h) revenue growth; (i)
income or net income; (j) cost control; (k) operating income or net operating
income; (l) operating profit or net operating profit; (m) operating margin; (n)
return on operating revenue; (o) market share; (p) statutory gain from
operations; and (q) stock price.
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Section 3. Eligibility

            a. As used in this Plan, the term "Eligible Employee" for any year
shall mean any Officer of the Company or John Hancock Life Insurance Company as
selected by the Committee from time to time to participate in this Plan.
Participation by an individual with respect to one award shall not entitle the
individual to participate with respect to subsequent awards.

            b. For the purposes of the allocations to be made pursuant to
Section 5, every Eligible Employee shall in each year be a member of whichever
of the following classes describes his or her status on the date in such year
applicable for determining his or her eligibility:

                  Class 1.  Chairman & CEO

                  Class 2.  Chief Investment Officer
                            Executive Vice President - Retail
                            Executive Vice President - JH Funds
                            Executive Vice President & Chief Financial Officer

                  Class 3.  Executive Vice President & Chief Information Officer
                            Executive Vice President & General Counsel
                            Executive Vice President - International

                  Class 4.  Senior Vice Presidents

Section 4. Target Awards

The average or target award for each class shall be as follows:

            Class 1.    Chairman & CEO                            100% of Salary

            Class 2.    Chief Investment Officer                  70% of Salary
                        Senior Executive Vice President - Retail
                        Executive Vice President - JH Funds
                        Executive Vice President &
                              Chief Financial Officer

            Class 3.    Executive Vice President &                60% of Salary
                              Chief Information Officer
                        Executive Vice President &
                              General Counsel
                        Executive Vice President - International

            Class 4.    Senior Vice Presidents                    50% of Salary

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Section 5. Allocation

As soon as is practicable after the end of the year, the Compensation Committee,
acting in accordance with the principles of the Plan as approved by the
Directors' Compensation Committee, shall allocate among such Eligible Employees
such amounts as shall have been determined by the Compensation Committee.
Subject to the provisions of Section 6, each amount so allocated shall be paid
to the employee in cash no later than March 15, or the next business day if
March 15 falls on a Saturday, Sunday or holiday.

Seventy-five (75%) of any Award allocated to an Eligible Employee under this
Plan on or after January 1, 2003 shall be paid in cash. In lieu of the receiving
the remaining twenty-five (25%) of the Award in cash, the Eligible Employee will
be granted non-qualified options (Options) to purchase shares under the terms of
the John Hancock Financial Services, Inc. 1999 Long-Term Stock Incentive Plan
(the "1999 Stock Plan"). The number of such Options shall be determined by the
Company, using appropriate methodologies and calculations, taking into account
twenty-five (25%) percent of the Award allocated to the Eligible Employee and
the share price as of the date of the allocation of the Award. In addition, each
Eligible Employee receiving Options will receive additional non-qualified stock
options ("Premium Options") equal in number to 15% of the number of Options.
Premium Options shall be subject to the same terms and conditions as Options.
Options and Premium Options shall be subject to terms and conditions as shall be
determined by the Company.

Awards may be given to all Eligible Employees. Awards allocated to individual
employees may vary from the target award, and any employee may be denied an
award for poor performance or other reasons.

Section 6. Election to Purchase Common Stock of the Company

            a. Eligible Employees who are actively employed on the date of
payment, may elect to utilize up to 50% (in increments of 25% or 50%) of any
Award paid in cash under this Plan to purchase shares of the common stock of the
Company ("JHFS Stock"); provided, however, that Eligible Employees in Class 1
who retired prior to December 31, 2001, shall be eligible for this election for
payments made in 2002. If this election is made, PaineWebber, Inc. (or any
successor agent hereafter appointed) acting as an independent agent, will
purchase JHFS Stock in the open market on behalf of the electing Eligible
Employee, provided that, at the option of the Compensation Committee, in lieu of
any or all such open market purchases, the Company may issue and sell such
shares of JHFS Stock as Stock Awards under the 1999 Stock Plan with the number
of shares issued to be determined based on a price per share equal to the fair
market value of a share of the JHFS Stock as determined by the Compensation
Committee.

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            b. However, to the extent that such Eligible Employees elect to
defer the payment of benefits in accordance with the Deferred Compensation Plan
for Executives of John Hancock Financial Services, Inc. (the "Deferred
Compensation Plan"), then the 25% or 50% election referred to above shall relate
to an investment of such deferred payments in deferred stock units. Deferred
stock units are not actual shares of stock and cannot be settled in or
surrendered for shares of stock. Instead, they are distinct investments
administered under the Deferred Compensation Plan by the Company that provide a
return on the deferred amount equal to the return that would occur if the
deferred amount were actually used to purchase JHFS Stock, including the
immediate reinvestment of cash dividends when paid into shares of JHFS Stock.
Holders of deferred stock units have no voting rights or any attributes of stock
ownership other than such equivalent economic return. The number of deferred
stock units received by each Eligible Employee electing under this paragraph
upon each deferral shall be equal to the amount of each deferral divided by the
per share Fair Market Value (as then defined in the 1999 Stock Plan) of JHFS
Stock on the date any amount deferred would have been paid, but for the
deferral.

            c. An Eligible Employee who elects to purchase JHFS Stock (or
deferred stock units) pursuant to paragraph a of this Section 6 shall be
provided with a matching number of shares of JHFS Stock (or deferred stock
units) equal to 25% (50% in the year 2002 for Eligible Employees in Classes 1
through 3) of the number of shares of JHFS Stock (or deferred stock units)
purchased under paragraph a of this Section 6. For Awards made in 2003 and
later, the number of such matching Restricted JHFS Stock shares or matching
Restricted deferred stock units provided under this Section 6.c shall be equal
to 25% of the number of JHFS Stock shares or deferred stock units that would
have been provided pursuant to the Eligible Employee's election under Section 6
a if the entire Award under Section 5 had been made in the form of cash. The
additional JHFS Stock provided under this paragraph ("Restricted JHFS Stock")
shall be provided under the 1999 Stock Plan. The additional deferred stock units
("Restricted deferred stock units") shall be held under the Deferred
Compensation Plan in an unfunded account on behalf of the Eligible Employees.
Both the Restricted JHFS Stock and the Restricted deferred stock units shall be
subject to forfeiture by the Eligible Employee if (i) his employment with the
Company or an affiliate terminates within three years of the of the receipt of
the Restricted JHFS Stock (or the establishment of the Restricted deferred stock
units), except if such termination results from retirement with the Company's
consent, death or disability, or (ii) if the Eligible Employee sells any of the
JHFS Stock purchased under paragraph a of this section within three years of the
purchase of that stock. These restrictions will cease to apply and any
Restricted JHFS Stock and Restricted deferred stock units subject to such
restrictions will become nonforfeitable if there is a Change in Control of the
Company, as defined in the John Hancock Financial Services, Inc. Pension Plan.

            d. For Eligible Employees in Classes 1 through 3 who previoulsy
purchased JHFS Stock with their own funds or through a loan program provided by
the Company, the following special rules shall apply. Such Eligible Employee may
apply the stock previously purchased and still held against the amount of JHFS
Stock (or

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deferred stock units) required to be purchased under Paragraph a of this Section
6 in order to receive Restricted JHFS Stock or Restricted deferred stock units
under Paragraph c of this Section 6. For this purpose, the value of the JHFS
Stock purchased by the Eligible Employee shall be equal to the fair market value
of such JHFS Stock when so applied. If so used, any such purchased JHFS Stock so
applied under this paragraph shall be subject to the same restrictions that
apply to JHFS Stock purchased under Paragraph a for which a matching amount of
Restricted JHFS Stock is awarded and shall not also be applied for purposes of
the similar provisions of the Company's Long-Term Incentive Compensation Plan.
The total amount of Restricted JHFS Stock or Restricted deferred stock units
provided under Paragraph c shall not be more than would have been provided
without the application of this Paragraph d.

Section 7. Benefits

            a. The amounts paid under this Plan shall be excluded from the base
for computing benefits under, or contributions to, benefit plans maintained by
the Company for its employees, with the exception of the following: the John
Hancock Financial Services, Inc. Cash Balance Pension Plan, and any Company
non-qualified pension plan covering Eligible Employees.

            b. Benefits attributable to amounts paid under this Plan shall be as
described in each of the plans providing for such benefits as they may be
determined from time to time.

Section 8. Operation, Amendment, Termination

            a. The Chairman of the Board and the President acting in concert
shall carry out the provisions of this Plan, and are authorized to designate
appropriate officers of the Company to act in its behalf for all purposes
hereof.

            b. The Board of Directors or the Directors' Compensation Committee
may at any time terminate this Plan and from time to time amend it, or, for any
year prior to the appropriation being voted pursuant to Section 1, vary its
provisions as they apply to any Class; provided that the establishment,
determination or variation of annual goals in accordance with Section 2 or the
principles referred to in Section 5 shall not be considered an amendment or
variation of the Plan. Notwithstanding the foregoing, the termination of the
Plan, any amendments thereto, or any variance in its provisions, goals or
principles shall in no way change the amount of the allocation to any Eligible
Employee approved prior to the date of such termination, amendment or variance.

                                       5Exhibit 10.10.1

                             AMENDMENT NO. 1 TO THE
                                RIGHTS AGREEMENT

            Amendment No. 1, dated as of March 8, 2002 (this "Amendment"), to
the Rights Agreement, dated as of January 26, 2000 (the "Rights Agreement"),
between John Hancock Financial Services, Inc., a Delaware corporation (the
"Company"), and EquiServe Trust Company, N.A., a national banking association
(the "Rights Agent"). Unless otherwise defined herein, capitalized terms used
herein shall have the same meanings as those set forth in the Rights Agreement.

            WHEREAS, the Company desires to amend the Rights Agreement in
accordance with this Amendment;

            WHEREAS, the Company deems this Amendment to be appropriate and
desirable and in the best interests of the holders of Common Stock and has duly
approved this Amendment;

            WHEREAS, Section 27 of the Rights Agreement permits the Company to
amend the Rights Agreement in the manner provided herein;

            WHEREAS, Section 27 of the Rights Agreement provides that the Rights
Agent shall execute this Amendment upon delivery of a certificate from an
appropriate officer of the Company which states that this Amendment is in
compliance with the terms of Section 27 of the Rights Agreement (the "Officer's
Certificate"); and

            WHEREAS, the Officer's Certificate is being delivered to the Rights
Agent concurrently with this Amendment.

            NOW, THEREFORE, the Company hereby amends the Rights Agreement as
follows:

      1. Amendment to Section 7(b). Section 7(b) is hereby amended by deleting
the Purchase Price of "$76.50" and replacing it with "$170.00".

      2. Amendment to Exhibit B. Exhibit B to the Rights Agreement is hereby
amended by deleting the Purchase Price of "$76.50" in the first sentence and
replacing it with "170.00".

      3. Amendment to Exhibit C. Exhibit C to the Rights Agreement is hereby
amended by deleting the Purchase Price of "$76.50" in the first sentence of the
second paragraph and replacing it with "170.00".
<PAGE>

      4. No Other Effect. The Rights Agreement shall not otherwise be
supplemented or amended by virtue of this Amendment, but shall remain in full
force and effect as amended hereby.

      5. Delaware Contract. This Amendment shall be deemed to be a contract made
under the laws of the State of Delaware and for all purposes shall be governed
by and construed and enforced in accordance with the laws of such state
applicable to contracts to be made and performed entirely within such state .

      6. Counterparts. This Amendment may be executed in any number of
counterparts and each of such counterparts shall for all purposes be deemed to
be an original, and all such counterparts shall together constitute but one and
the same instrument.

            IN WITNESS WHEREOF, the Company and the Rights Agent have executed
this Amendment as of the date and year first written above.

Attest:                             JOHN HANCOCK FINANCIAL
                                    SERVICES, INC.

By: ___________________________     By: ___________________________
    Name:                               Name:
    Title:                              Title:

Attest:                             EQUISERVE TRUST COMPANY, N.A.

By: ___________________________     By: ___________________________
    Name:                               Name:
    Title:                              Title:

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