Document:

Incorporated Non-Executive Director Compensation Plan Summary

 Exhibit 10.21 
 Jones Lang LaSalle Incorporated 
 Non-Executive Director Compensation Plan 
 Summary of Terms and Conditions 
  

Amended and Restated as of September 12, 2007 
  

	I.	Introduction: 

 The Non-Executive Director
Compensation Plan (as amended and restated, the “Plan”) of Jones Lang LaSalle Incorporated (the “Company”) is designed to attract and retain highly qualified individuals to serve as non-executive members of the Company’s
Board of Directors and to align the interests of the non-executive directors (the “Directors”) with those of the Company’s shareholders. Members of the Board of Directors who are also employees and/or officers of the Company do not
qualify for compensation under the Plan. The terms of the Plan as set forth below are effective for service on the Board of Directors on and after September 12, 2007. 
  

	II.	Compensation: 

 The Plan provides each of the
Company’s Directors the following compensation for service on the Company’s Board of Directors: 
  

	 	A.	One-Time Grant of Restricted Stock Upon Initial Election to the Board of Directors 

 Upon his or her initial election to the Board of Directors, each Director shall receive a one-time grant of restricted shares of 
 Common Stock in the aggregate amount of $75,000. The number of restricted shares shall be calculated based on the closing price of the Company’s Common Stock on the date of the grant. The restricted shares shall
vest five years from the 
 date of the grant. 
  

	 	B.	Cash 

 Each Director shall receive the following
compensation in cash, subject to certain elections that each Director may otherwise make as described below. 
  

	 	a.	Annual Retainer – $60,000 in cash, payable in equal quarterly installments in advance, promptly after the beginning of each calendar quarter.

  

	 	b.	Board Meeting Attendance Fees – $3,000 for attendance at each meeting ($1,000 for each telephonic meeting), payable promptly after each meeting.

  

	 	c.	Committee Meeting Attendance Fees – $1,500 for attendance at each meeting ($1,000 for each telephonic meeting), payable promptly after each meeting.

  

	 	d.	Audit Committee Chair Additional Retainer – The Chair of the Audit Committee shall be paid an annual retainer of $20,000, to be paid in full and in advance following the
appointment of the Chair after each Annual Meeting of Shareholders, such payment to be made promptly after the end of the second calendar quarter each year. 

	 	e.	Compensation Committee Chair Additional Retainer – The Chair of the Compensation Committee shall be paid an annual retainer of $10,000, to be paid in full and in advance
following the appointment of the Chair after each Annual Meeting of Shareholders, such payment to be made promptly after the end of the second calendar quarter each year. 

  

	 	f.	Nominating and Governance Committee Chair Additional Retainer – The Chair of the Nominating and Governance Committee shall be paid an annual retainer of $5,000, to be
paid in full and in advance following the appointment of the Chair after each Annual Meeting of Shareholders, such payment to be made promptly after the end of the second calendar quarter each year. 

  

	 	g.	Audit Committee Member Additional Retainer – Each member of the Audit Committee (other than the Chairman of the Audit Committee) shall be paid an annual retainer of
$5,000, to be paid in full and in advance following the appointment of such member after each Annual Meeting of Shareholders, such payment to be made promptly after the end of the second calendar quarter each year. 

For administrative convenience, the Company in its discretion may delay payments for individual telephonic meetings until such time as other payments
for in-person Board meetings are being made. 
  

	 	C.	Annual Grants of Restricted Stock 

 At the time of
each Annual Meeting of Shareholders, each Director shall receive an annual grant of restricted shares of Common Stock in the aggregate amount of $75,000. The number of restricted shares shall be calculated based on the closing price of the
Company’s Common Stock on the date of the grant. The restricted shares shall vest five years from the date of the grant. 
  

	 	D.	Common Stock Alternative with Respect to Annual Retainer 

  

	 	i.	Percentage Election – Directors may elect to receive any or all of their Annual Retainer(s) and/or Meeting Attendance Fees in shares of the Company’s Common Stock
(rather than in cash) in increments of 5% (i.e., 5%, 10%, 15%, etc.) 

  

	 	ii.	Receipt/Deferral – Directors may elect to take receipt of their shares of Company’s Common Stock according to either paragraphs 1 or 2 below:

  

	 	1.	 During the year in which the Annual Retainer(s) and/or Meeting Attendance Fees are earned. In the case of the Annual Retainer(s), the number of shares shall be
determined quarterly and shall be equal to the percentage of the Annual Retainer elected, divided by four, divided by the price per share of Company 

  

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Stock on the last day of each quarter. In the case of Meeting Attendance Fees, the number of shares shall be determined quarterly based on the actual Meeting
Attendance Fees payable during that quarter and shall be equal to the to the percentage of the Meeting Attendance Fees elected divided by the price per share of Company Stock on the last day of each quarter. For administrative purposes, shares may
not actually be distributed until after the end of the year in which the Annual Retainer was earned. 

 Or 
  

	 	2.	On a deferred basis: 

  

	 	a.	when they retire from the Board of Directors; 

  

	 	b.	specified number of years (not to exceed 10) after the date on which they retire from the Board of Directors; or 

  

	 	c.	for a specified number of years (not less than 1 or more than 10) after the election is made. 

 Notwithstanding the foregoing, in no event shall the distribution of shares be accelerated at a time earlier than which they otherwise would have been
distributed, whether by amendment of the Plan, exercise of the Company’s discretion or otherwise, except in the event of a Director’s death or long-term disability. 
  

	 	iii.	Deferral Election – Any election to defer shares shall be made prior to the year in which the Annual Retainer and/or the Meeting Attendance Fees subject to deferral
shall be earned. Any newly elected Director shall have five (5) days from the date of his or her election to the Board to elect to defer any percentage hereunder. The initial deferral election shall clearly specify the time of payment. All
deferral elections shall be irrevocable. 

  

	 	iv.	Dividends/Stock Splits – Dividends, if any, on deferred shares of Common Stock shall be paid in additional shares having a fair market value equal to the amount of the
dividends paid on the date of payment. However, any fractional shares shall be paid in cash. Deferred Stock shall be subject to any stock splits, reverse stock splits, or stock dividends. 

  

	 	v.	Code Section 409A – The Plan is subject to the provisions of Section 409A of the Internal Revenue Code enacted under the American Jobs Creation Act of 2004,
and any regulations issued thereunder. The Plan shall be interpreted and administered consistent with this intent and shall apply to all amounts deferred on or after January 1, 2005. The Company reserves the right to amend or modify this
Section D in order to comply with regulations promulgated by the Department of Treasury under Code Section 409A. 

  

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	 	E.	Deferral Opportunities Under U.S. Deferred Compensation Plan 

 Those Directors who are subject to the payment of United States federal income taxes are eligible to participate in the Company’s U.S. Deferred Compensation Plan with respect to any or all of the cash amounts
payable under this Plan. Participation in the Deferred Compensation Plan is subject to the separate documentation, agreements and elections that will be provided to any Director upon request. 
  

	 	F.	General 

  

	 	a.	Administration – This plan will be administered by the Nominating and Governance Committee of the Board of Directors. 

  

	 	b.	Non-Committee Member Attendance. A Director who voluntarily attends the meeting of a Committee of which he is not a voting member shall not be compensated for attendance at
such meeting. 

  

	 	c.	Source of Stock – All shares of the Company’s Common Stock granted under this Plan shall be issued out of the Company’s Amended and Restated Stock Award and
Incentive Plan, as in effect from time to time (the “SAIP”) and shall otherwise be subject to the terms of the SAIP and any applicable award agreement that shall be presented to the Director by the Company. 

 

	 	d.	Amendment – The Plan may only be amended by the Nominating and Governance Committee of the Board of Directors. 

  

	 	e.	Itemized Statements – The Company shall provide periodic itemized statements accounting for the payments that have been made to the respective Directors under the Plan.

  

 4Restated Jones Lang LaSalle Incorporated Stock Ownership Program

 Exhibit 10.24 
  

					
		 	JONES LANG LASALLE	 	

		 	STOCK OWNERSHIP PROGRAM	 
		 	(Effective January 1, 2008)	 

 Jones Lang LaSalle Incorporated (the “Company”) sponsors a series of compensation and benefit programs
that can help Directors manage risk and assist them in meeting their personal financial goals. In an effort to help increase awareness and understanding of these programs, the Company has created this summary of its Stock Ownership Program
(“SOP”) and encourages your questions and feedback. 
 PROGRAM OBJECTIVES 
 The SOP establishes desirable ownership guidelines for National, Regional and International Directors in order to: 
  

	 	•	 	 Align a portion of the compensation of those employees who are most responsible for the results of the Company with the interests of shareholders.

  

	 	•	 	 Reward people who make long-term contributions to the Company and encourage retention through long-term wealth building incentives. 

  

	 	•	 	 Reinforce the “one firm” mindset by encouraging employee ownership across business units and regions. 

 The following desirable minimum stock ownership guidelines have been established: 
 Table 1: Stock Ownership Guidelines 
  

			
	 Director Level
	 	 Beneficial Ownership Guideline

	 International Director
	 	Four times annual base salary
		
	 Regional Director
	 	Three times annual base salary
		
	 National Director
	 	Two times annual base salary

 The Company evaluates Directors’ positions relative to these guidelines as of the first trading day in
January following the year to which the Total Award (as defined below) relates, using the annualized base salary on that day, the stock price on that day and the Director’s holdings of Company stock. 
 Directors may satisfy their ownership guideline through shares owned directly, shares owned by a spouse or a trust, the potential gain from outstanding stock options,
and unvested or deferred restricted stock units. Although there is no specific period of time in which covered employees should achieve the ownership guidelines, Directors are expected to make continuous progress toward the target and to ideally
maintain the applicable level once it has been achieved. 
 PARTICIPATION REQUIREMENTS 
 To help Directors reach these ownership objectives, National, Regional and International Directors are separately paid a portion of their incentive compensation
(“Total Award”) as a discretionary Stock Bonus (rather than as a discretionary Cash Bonus), awarded in the form of restricted stock units (“SOP Shares”) under the Company’s Stock Award and Incentive Plan (the
“Plan”). In addition, effective for the 2007 performance period (for Total Awards payable in 2008) the Company increases the value of SOP Shares by 20% when granted. Members of the Global Executive Committee are not eligible for this
Company “uplift”. The number of SOP Shares to be granted as a Stock Bonus is based upon the following criteria and the schedule provided in Table 2: 

 (a) The employee’s Director level status as of January 1 for the year to which the Total Award
relates (or date of hire if hired during the year). Employees who may be promoted to National Director during the year do not participate in the SOP for the remaining portion of the year they were promoted. Similarly, Regional Directors promoted to
International Director continue to participate at the Regional Director level for the remaining portion of the year they were promoted and begin new participation at the International Director level for the following year. 
 (b) The closing price per share of Company common stock as of the first trading day in January of the year following the year in which the Total Award
relates. For example, the number of SOP Shares granted in January, 2008 as part of the 2007 Stock Bonus was determined based on the closing price of the Company’s common stock as of January 2, 2008, or $71.38, while discretionary Cash
Bonuses for 2007 were paid in 2008 (at a time when the closing price per share was between $70 and $80). With the 20% “uplift” described above, the $71.38 closing price would have resulted in a share price of approximately $59.50 when
recalculating the number of shares granted in lieu of the Cash Bonus. 
 (c) The currency exchange rate in effect as of the last trading day
in December of the year to which the Total Award relates, as determined by the Company. 
 Table 2: Cash Bonus and Stock Bonus Levels 
  

							
	 Director Level
	  	Percentage of Total Award
Paid as Cash Bonus
	 	 	Percentage of Total Award
Separately Paid as SOP Shares	 
	 International Director
	  	80	%	 	20	%
	 Regional Director
	  	85	%	 	15	%
	 National Director
	  	90	%	 	10	%

 For example, if a Regional Director received a Total Award of $60,000, the Director would receive a Cash
Bonus of $51,000 (85% of $60,000) and a Stock Bonus of $9,000 (15% of $60,000). The number of SOP Shares to be granted, assuming a closing price of $71.38 per share and an exchange rate of €1.00 to $1.50, is shown below in each of the two
examples: 
 Example 1: Total Award paid in U.S. dollars: 
  

					
	SOP Shares	 	 =
	 	Stock Bonus ($9,000) plus 20% Company contribution (uplift is $1,800)
		 	 =
	 	$ 10,800 divided by $71.38 (closing price)
		 	 =
	 	151 shares

 Example 2: Total Award paid in Euros: 
  

					
	SOP Shares	 	 =
	 	Stock Bonus (€ 6,000) plus 20% Company contribution (€1,200)
		 	 =
	 	€ 7,200 times $1.50 (exchange rate) divided by $71.38 (closing price)
		 	 =
	 	151 shares

 Minimum Participation Levels 
 Participation in the SOP requires that the minimum value of Stock Bonus to be paid as SOP Shares be no less than US $2,000. For example, a National Director would need to be eligible to receive a US $20,000 Total
Award to qualify for SOP Shares. For those that do not have Total Awards that meet the minimum Stock Bonus threshold, no SOP Shares are granted and the employee receives his/her Total Award paid in cash, with no 20% premium. 
 Maximum Participation Levels 
 The maximum amount of Stock
Bonus to be paid as SOP Shares will be US $150,000. For example, an International Director receiving a Total Award greater than US $750,000 would have no more than US $150,000 paid as a Stock Bonus. Any Total Award not paid as SOP Shares under this
provision would be paid as a Cash Bonus. 

 Voluntary Election to Not Participate 
 Employees may (but are not required to) opt out of receiving SOP Shares if they hold shares in the Company whose value exceeds the minimum stock ownership guidelines described in the first page of this booklet. If
such an election is made, these individuals receive their Total Award in cash at the same time all other annual bonuses are paid, with no 20% premium. 
 Individuals must inform the Company of their election not to receive SOP Shares (or SOP Units) by no later than December 31 each year. This notification must be communicated in writing to the Regional HR
Director and have supporting documentation showing that the minimum required level of individual stock ownership has been achieved. This election is not available in certain countries where the availability of the election would result in immediate
taxation of SOP Shares. 
 Voluntary Election to Reduce SOP Shares 
 In order to balance the amount of stock and cash an employee may receive for their Total Award, Directors can voluntarily reduce, by five (5) percentage points, the amount of the Total Award he or she would
receive as SOP Shares. If this election results in a Stock Bonus of less than US$2,000, the Total Award is paid in cash. If no notice to reduce SOP is received within the required deadlines, the amount of SOP Shares to be awarded defaults to the
standard SOP schedule shown in Table 2 above. 
 VESTING OF SOP SHARES 
 Any SOP Shares that a Director receives will be granted as of the immediately preceding January 1st and will vest according to the following schedule, subject to the Director continuing to be employed by the
Company as of each Vesting Date, and the terms of the specific agreement which memorializes the terms of the award: 
  

	 	 •
	 	 50% of SOP Shares vest on the 1st July that is 18 months after the grant date; and 

  

	 	 •
	 	 50% of SOP Shares vest on the 1st July that is 30 months after the grant date. 

 For example, SOP
Shares were granted on January 1, 2008 as part of the Total Award for 2007 that were awarded in February 2008. Half of those SOP Shares will vest on July 1, 2009 and the other half will vest on July 1, 2010. 
 DIVIDEND EQUIVALENTS; NO VOTING RIGHTS 
 Since a cash dividend
was first announced in August 2005, employees who were granted SOP Shares received an additional benefit in the form of a semi-annual dividend equivalent payment. The Board of Directors may, in its discretion from time to time, continue to grant
dividend equivalents to employees who were granted SOP Shares. Dividend equivalents are the rights to receive cash, common stock, or other property equal in value to the amount of dividends paid with respect to the Company’s common stock. SOP
Shares do not otherwise have a legal right to receive dividends until vested. SOP Shares do not have voting rights until they have vested. 
 FORFEITURE 
 All SOP Shares are subject to the terms and conditions outlined in a grant agreement and to the terms and conditions
contained in the Plan. By receiving and accepting a discretionary award of SOP Shares, all Directors accept all terms and conditions. For example, these conditions apply for terminated employees: 
  

	 	•	 	 Voluntary Resignation or Termination for Cause – results in the immediate forfeiture of SOP Shares that are not yet vested. 

	 	•	 	 Termination by Reason of Retirement – outstanding grants will continue to vest according to their standard vesting schedule and shares of stock shall be
issued in accordance with the standard vesting schedule. For purposes of SOP Shares, Retirement means age 65 or where any combination of age and years of service equals 65, as long as the employee is at least 55 years old. If a specific local legal
requirement requires this employee stock program to comply with a different definition, the local laws would prevail. In either case, the retired employee will be required to sign a non-solicitation and non-compete agreement at the time of
retirement; 

  

	 	•	 	 Termination by Reason of Death, Total and Permanent Disability, – the grant will continue to vest according to the standard vesting schedule;

  

	 	•	 	 SOP Shares will not be forfeited, and will continue to vest on their original schedules in the event an employee is involuntarily terminated due to a position
elimination. 

 TAX CONSIDERATIONS 
 All Cash Bonuses are subject to normal taxes and social charges, as required by local tax laws. The tax consequences associated with the grant and payment of a Stock Bonus as SOP Shares, as well as any anticipated dividend equivalent
payments and eventual sale of stock, are always subject to individual income tax circumstances at the time of grant, vesting and sale. In general, the Company anticipates that there will be no income tax obligations for an employee at the time SOP
Shares are granted. Subject to the tax laws in the countries that apply to different employees, the vesting of SOP Shares will create a tax reporting event based on the number of shares vesting and the closing price of the stock the day before the
vesting date. Individuals should seek advice of their personal tax advisor to obtain specific information concerning the tax consequences associated with participation in SOP. 
 HISTORIC PERFORMANCE 
 SOP Shares have provided a consistent means of acquiring stock ownership in the Company,
as well as the potential for increased financial returns for those who have participated in the program since its inception. The schedule below represents the percentage increase in value of each dollar contributed to the SOP and the market value of
Company common stock on February 12, 2008. Please keep in mind that past performance is not an indicator, guarantee or assurance of future performance. 
 Table 3: Historic Values of SOP Shares 
  

													
	 Total Award
 for Year
	  	Share Price
on Grant
Date	  	Adjusted
Share
Price (1)	  	Current
Value (2)	  	Potential
Return	 
	 2003
	  	$	20.89	  	$	16.71	  	$	73.37	  	339.0	%
	 2004
	  	$	37.35	  	$	29.88	  	$	73.37	  	145.6	%
	 2005
	  	$	52.75	  	$	42.20	  	$	73.37	  	73.9	%
	 2006
	  	$	92.00	  	$	73.60	  	$	73.37	  	-0.3	%
	 2007
	  	$	71.38	  	$	59.48	  	$	73.37	  	23.4	%

  

	Note (1)	Includes the impact of the previous 25% uplift thru 2006. For 2007, the uplift was changed to 20%. 

	Note (2)	Current value based on closing price as of 2/12/08. 

 RIGHTS AS A
STOCKHOLDER 
 The holder of an award will have no rights as a shareholder with respect to any shares covered by the award except as expressly
contained or provided for in the award agreement or the Plan until the vesting of the award. 

 Disclaimer 
 This summary of our Stock Ownership Program is subject to the terms and conditions of the Plan and each underlying grant agreement issued thereunder. In the event of a conflict, the terms of the Plan or the underlying grant agreement
shall prevail. Any terms not otherwise defined in this summary shall have the meaning provided for in the Plan or the grant agreement issued thereunder.

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