Document:

Exhibit
10.2

 

Willis

Contract of Employment

Private and
Confidential

Contract
of Employment

The information
contained in this document includes the requirement of a statement of the terms
and conditions of your employment in accordance with the Employment Rights Act
1996.

This agreement is
made on 13 March 2007 and is between

Name                                                     Grahame John
Millwater

and

Company                                              Willis Limited

The main terms and
conditions of your employment are set out below.  For further details of these and other
matters including our Ethical Code, please refer to the Global Policy manual
and the Associate Handbook.  For the
avoidance of doubt, the terms set out in this Contract of Employment take
precedence over the Global Policy Manual and the Associate Handbook and offer
letter.  The contents of the Associate Handbook
and Global Policy Manual do not form part of your Contract of Employment, but are
indicative of Company Policy and Procedure. 
The Company reserves the right to vary these Policies and Procedures
from time to time.

	
  Date this Employment Begins:

  	
   

  	
  13 March 2007

  
	
  Date Continuous Employment
  Begins:

  	
   

  	
  9 September 1985 

  Employment prior to
  this date with any previous employer does not count as part of your
  continuous employment with the Company. This date is not necessarily the date
  used to determine your entitlement to certain benefits.

  
	
  Current Job Title:

  	
   

  	
  Chief Executive 

  You may be transferred
  to any other job in the Group which in the reasonable opinion of the Company
  would be suitable, on terms and conditions no less favourable than those set
  out in this document.

  
	
  Location:

  	
   

  	
  Ten Trinity Square,
  London 

  You may be transferred
  to any other office in the Group. Your agreement to such a transfer will be
  sought unless in the reasonable opinion of the Company, the transfer does not
  necessitate you having to move home address.

  
	
  Salary:

  	
   

  	
  £360,000 per annum. In
  addition, you will receive an un-pensionable salary supplement of £42,000 per
  annum. 

  Your salary will be
  paid monthly in arrears by direct transfer to your bank account. Your salary
  will be reviewed annually.

  

 

 2
 

 

	
  Hours of Work:

  	
   

  	
  Your normal hours of
  work are 35 hours per week, 09:30 - 17:30, Monday to Friday each week (but
  excluding public holidays) or as agreed locally by Management and/or local
  practice. 

  Unless otherwise
  agreed, these hours shall include one hour for lunch to be taken at a time
  agreed with your Manager or Director. 

  You will be expected to
  work such additional hours as necessary to meet the demands of the business.
  You may also be required to vary the pattern of your working hours as
  necessitated by changing commercial needs, if in the reasonable opinion of
  the Company it is practicable for you to comply. Any additional hours worked
  are subject to the provisions of the Working Time Regulations 1998 and any
  amendment(s) to the Regulations thereof.

  
	
  Employment Obligations:

  	
   

  	
  During your working
  hours you must devote the whole of your time, attention and ability to the
  business of the Company and at all times you must promote the interest and
  general welfare of the Group. 

  Whilst this Contract is
  in force you may not take any outside employment or engage in any business
  without prior written agreement of your Partners Group Member nor may your
  additional employment render your total working time in breach of the Working
  Time Regulations. 

  You are not permitted
  to engage in any activity, which might interfere with the performance of your
  duties or cause a conflict of interest.

  
	
  Duty of Confidence:

  	
   

  	
  During and after the
  termination of this Contract you must keep with inviolable secrecy and may
  not use for any purpose nor reveal to anyone (other than those whose province
  it is to know the same) any secret or confidential information entrusted to
  or discovered by you. This includes but is not limited to information
  concerning the Company’s business, operations, products, markets, trade
  secrets, technical know how, product formulations or techniques, names or
  lists of employees, Clients or Prospective Clients and their insurance or
  commercial affairs or any other matters pertaining to them and revealed to
  you in the course of your employment which has not come into the public
  domain. This duty applies without time limit. 

  For further guidance,
  the provisions concerning Confidential Information are set out in full in the
  Global Policy Manual.

  
	
  Copyright, Inventions and
  Patents

  	
   

  	
  You must promptly
  disclose to the Company all ideas, concepts, works, methods, discoveries,
  improvements, inventions or designs which you create or produce either alone
  or with others (except those created or produced wholly outside working hours
  which are totally unconnected with your employment) (“the Works”). All and
  any rights of whatever nature in each such Work shall belong absolutely to
  the Company and you shall hold the same in trust for the Company until such
  proprietary rights shall be fully and absolutely vested in the Company.The
  Company shall be entitled to make such modifications or adaptations to or
  from any of the Works as it shall in its absolute discretion determine. 

  

 3
 

 

	
  

  	
   

  	
  You hereby assign to
  the Company with full title guarantee by way of assignment all present and
  future copyright, database rights, design rights (whether registered or
  unregistered) and other proprietary rights (if any) and all rights of action
  for damages for infringement of such rights for the full term thereof and any
  renewals and extensions thereof throughout the world and you hereby waive in
  favour of the Company all moral rights conferred on you by chapter 4 of part
  1 of the Copyright Designs and Patents Act 1988 in relation to any of the
  Works and at the request and expense of the Company you shall do all things
  and execute all documents necessary or desirable to substantiate the rights of
  the Company in the Works.

  
	
  Other Obligations:

  	
   

  	
  If you are in grade 9
  or above, and/or personally deal with any Client or Prospective Client in the
  course of your duties, you shall not without the prior written consent of the
  Company for a period of 12 months after the termination of your employment,
  other than after the wrongful termination of your employment by the Company,
  whether on behalf of yourself or any other person, firm or company in
  competition with the Company or the Group, directly or indirectly: 

  (i)     solicit
  Business from; or 

  (ii)    seek to
  procure orders from; or 

  (iii)   transact
  or handle Business or otherwise deal with; or 

  (iv)   approach, canvass or
  entice away from the Group the Business of any Client of the Group with whom
  you have personally dealt in the course of your duties at any time during the
  12 months prior to the termination of your employment. The period of this
  restriction shall be reduced after the date your employment ends by a period
  equal in length to any period of lawful suspension from your duties or
  exclusion from any premises of the Company during any period of notice. 

  The restrictions set
  out in sub paragraphs (i) and (ii) above shall apply as if the references to
  the “Prospective Client” were substituted for references to the “Client”. 

  If you are in grade 9
  or above, you shall not for a period of 6 months after the lawful termination
  of your employment directly or indirectly induce or seek to induce any
  employee of the Group with whom you have worked in the 12 months preceding
  the termination of your employment (excepting a clerical and secretarial
  employee) to leave its employment where the departure of that employee
  (whether alone or in conjunction with the departure of other employees who
  are members of a team in which you performed duties) would do material harm
  to the Group and where the departure is intended for the benefit of you or
  your new employer or any other organisation carrying on a business in
  competition with the Group. 

  Each of the above
  restrictions constitutes an entirely separate and distinct covenant and the
  invalidity or unenforceability of any such Covenant shall not affect the
  validity or enforceability of the remaining covenants.

  

 

 4
 

 

	
  

  	
   

  	
  The details of all your
  obligations are contained in the Global Policy Manual and the Associate
  Handbook and the terms herein should be read in conjunction with those in the
  Global Policy Manual and Associate Handbook.

  
	
  Pension Scheme:

  	
   

  	
  The Group operates the
  Willis Pension Scheme. Full details regarding the current eligibility
  conditions, contributions and benefits are provided in the Scheme Booklet.
  With effect from 1 April 2004 Associates joining the Group automatically join
  the Scheme and by accepting this Contract authorise pension contributions to
  be deducted from salary, unless an opt out election is made. 

  Membership of the
  Scheme is subject to the Scheme Trust Deed and Rules. Benefits may be
  restricted by the limits set by the Inland Revenue. The employment of Scheme
  members is covered by a Contracting-out certificate.

  
	
  Absence from Work:

  	
   

  	
  Your entitlement to
  payments whilst you are absent from work, and the procedure that you should
  follow if you are unable to attend the office for any reason are contained in
  the Associate Handbook.

  
	
  Medical Examination:

  	
   

  	
  The Company reserves
  the right to require you at any time to submit yourself for examination by a
  doctor appointed by the Company at the Company’s expense.

  
	
  Holidays:

  	
   

  	
  Grades 1 – 8 inclusive        23 days per annum 

  Grade 9 and above                25 days per
  annum

  The holiday year runs
  from 1 January to 31 December. Holiday entitlement increases by 1 day for
  every year’s completed service at the previous 31 December up to a maximum of
  25 days. Please refer to the Associate Handbook for your pro rata entitlement
  in year of joining and of leaving. Payment will be made for Public Holidays. 

  For part-time staff,
  holiday entitlement and entitlement to payment for Public Holidays, is
  pro-rata, as outlined in the Associate Handbook.

  
	
  Employee Benefits:

  	
   

  	
  The Details and
  eligibility rules of Employee Benefits to which you may be entitled are
  contained in the Associate Handbook.

  
	
  Termination of Employment:

  	
   

  	
  a)             You may terminate your employment
  by giving written notice as follows: 

  Grades 1 – 8 inclusive 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Up to 4 weeks continuous service

  	
  -1 week 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Over 4 weeks continuous service

  	
  -4 weeks 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades 9 – 11 inclusive

  	
  -3 months 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades 12 – 13 inclusive

  	
  -6 months

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades 14 and above

  	
  -12 months

  

 

 5
 

 

	
  

  	
   

  	
  b)            If your employment is terminated
  by the Company you will receive written notice as follows:  

  
	
   

  	
   

  	
  Grades 1 – 8 inclusive 

  	
   

  	
   

  
	
   

  	
   

  	
  Up to 4 weeks continuous service

  	
  - 1 week

  	
   

  
	
   

  	
   

  	
  Up to 4 years continuous service

  	
  - 4 weeks

  	
   

  
	
   

  	
   

  	
  From 5 to 12 years continuous service 

  	
  - 1 week for
  each year of completed service

  	
   

  
	
   

  	
   

  	
  Over 12 years continuous service

  	
  - 12 weeks

  	
   

  
	
   

  	
   

  	
  Grades 9 – 11 inclusive

  	
  - 3 months

  	
   

  
	
   

  	
   

  	
  Grades 12 – 13 inclusive

  	
  - 6 months

  	
   

  
	
   

  	
   

  	
  Grades 14 and above

  	
  - 12 months

  	
   

  
	
   

  	
   

  	
  c)                 This
  agreement will automatically terminate on the Normal Retirement Date under
  the Rules of the Willis Pension Scheme. This does not affect your statutory
  rights under the Employment Equality (Age) Regulations 2006.  

  d)                The
  Company shall not be obliged to provide you with work at any time after the
  notice of termination is given by either party and the Company may in its
  absolute discretion take one or more of the following steps in respect of all
  or part of the unexpired period of notice (provided that this shall not
  amount to more than 6 months if the notice period is longer): 

  i)                    require
  you to comply with such conditions as the Company may specify in relation to
  attending or remaining away from the place of business of the Company, should
  you be required to remain away from the office you will be required to take
  any outstanding holiday during this period of lawful suspension, agreeing the
  days in advance with management; 

  ii)                 Assign
  you to such other duties as the Company shall in its absolute discretion
  determine; 

  iii)              Withdraw
  any powers invested in you or suspend or vary any duties or responsibilities
  assigned to you. 

  e)                 On
  termination of the Contract for whatever reason you must return to the
  Company all reports, documents, computer disks, working papers and any other
  information (in whatever form) received in the course of your employment. In
  addition all other Group property must be returned.

  
	
  Company Procedures:

  	
   

  	
  The Associate Handbook and the Global Policy Manual
  contain details of the Company Procedures affecting your terms and conditions
  of employment, including our Ethical Code, the Equal Opportunities Policy,
  Performance Improvement, Disciplinary, Appeals and Grievance procedures which
  should be read in conjunction with your Contract of Employment. 

  These documents are available in electronic format
  on the Company’s intranet site. It is your responsibility to familiarise
  yourself with these documents, and to note amendments of which you will be
  advised from time to time. 

  

 

 6
 

 

	
  

  	
   

  	
  You are specifically advised that it is your
  responsibility to comply with the Company’s policies, rules and procedures,
  including those contained within the Willis Excellence Model and other
  compliance documents, as varied or supplemented by it from time to time.
  Failure to comply with the Company’s policies, rules and procedures will be a
  disciplinary offence and be dealt with in accordance with the Company’s
  disciplinary procedures.

  
	
  Regulatory Requirements:

  	
   

  	
  You are required to comply with all reasonable
  requests, instructions and regulations (whether statutory or otherwise) which
  apply to your employment from time to time including any relevant
  requirements of the FSA and/or any other relevant regulator. It is your
  responsibility to familiarise yourself with all such regulations and requirements
  as made available to you by the Company. 

  It is a condition of your employment that you
  demonstrate and maintain competence for the role you carry out, through the
  initial completion and passing of relevant modules of Insurance Essentials,
  and of any other training packages and tests introduced by the Company from
  time to time thereafter. In the event of you failing to maintain and
  demonstrate competence for your role the Company will follow the Performance
  Improvement Procedure.

  
	
  Data Protection:

  	
   

  	
  In order to meet statutory requirements, the
  Company, as your employer, is required to collect, process and retain
  information, which the Data Protection Act 1998 defines as sensitive personal
  data. By signing this Contract you are expressly agreeing to the Company
  collecting, processing and retaining the following information relating to: 

  a) Ethnic origin –
  to ensure equality of opportunity; 

  b) Physical or mental health or condition – as part of sickness records; 

  c) Disabilities – to
  facilitate adaptations in the workplace; and 

  d) Criminal convictions –
  to comply with the Rehabilitation of Offenders Act. 

  This information, which will be held securely by
  Human Resources and, where applicable, Occupational Health departments, is
  processed in accordance with the principles set out in the Data Protection
  Act. You have the right to inspect such information and, if necessary,
  require corrections to be made if the information held about you is
  inaccurate. Should you wish to inspect or amend any sensitive personal data
  held about you, then please contact Human Resources. 

  The Company has an integrated Global Payroll and HR
  database the server for which is located in the US. By accepting this
  contract you agree that the Company may input relevant personnel records into
  these databases, which will be transferred to the US for processing. The US
  does not have equivalent data protection law to that of the UK, however it is
  the Company’s policy to maintain the same rigorous standards with regard to
  the processing of data in the US as in the UK.

  
	
  Collective Agreements:

  	
   

  	
  There are no collective agreements in force that
  will affect your employment with the Group.

  

 

 7
 

 

This
Agreement or attachments to this agreement supersedes any existing or prior
arrangements between you and the Company or any subsidiary or associated
Company of Willis Limited.  In the event
of differing terms, this Contract of Employment will prevail.

Definitions:

For
the purposes of this contract the following definitions shall apply:

“Group”
means the Company and any holding company or subsidiaries of the Company or any
such holding company from time to time.

“Client”
means any person, firm, company or other organisation who or which as at the
date your employment terminates or at any time during the 12 months prior to
that date:

i)                                         gives
or is in the habit of giving instructions directly or through an Intermediary
to the Company or any other company in the Group concerning the Business; or

ii)                                      is
supplied or is in the habit of being supplied directly by the Company or any
company in the Group or indirectly through an Intermediary with services
relating to the Business; or

iii)                                   is
an insured or reassured or an Intermediary having influence over the
introduction or facilitation or securing of the Business with the Company or
any other company in the Group.

“Business”
means the business of a type carried on by the Company or by any other company
in the Group at the date your employment terminates, including but not limited
to the placing or broking of insurance or reinsurance world-wide and ancillary
services, the provision of risk management or risk transfer advice or due
diligence on mergers and acquisitions.

“Intermediary”
means any person, firm or company by or through or with whom or which the
Business is introduced and/or facilitated on behalf of an insured or reassured
whether or not such intermediary derives any financial benefit from the
arrangement.

“Prospective
Client” means any person, firm, company or other organisation engaged in
substantive negotiations (which have not yet finally been concluded) with the
Company or with any other company in the Group in the 12 month period up to the
date your employment terminates for the supply of services by the Company or
any other company in the Group in relation to the Business.

“Global
Policy Manual” means the Willis Group Holdings Limited Global Policy Manual.

Signed
for and on behalf

of the Company:

I
have read and understood the Terms and Conditions stated in the Contract of
Employment document and I confirm my acceptance of them.

Signed:

Date:

 8Exhibit 10.3

 

Willis

Contract of Employment

 

Private and
Confidential

 

Contract of
Employment

The information contained in this document includes
the requirement of a statement of the terms and conditions of your employment
in accordance with the Employment Rights Act 1996.

This agreement is made on 13 March 2007 and is between

Name                                      Patrick
Charles Regan

and

Company                               Willis Limited

The main terms and conditions of your employment are
set out below.  For further details of
these and other matters including our Ethical Code, please refer to the Global
Policy manual and the Associate Handbook. 
For the avoidance of doubt, the terms set out in this Contract of
Employment take precedence over the Global Policy Manual and the Associate
Handbook and offer letter.  The contents
of the Associate Handbook and Global Policy Manual do not form part of your
Contract of Employment, but are indicative of Company Policy and
Procedure.  The Company reserves the
right to vary these Policies and Procedures from time to time.

	
  Date this Employment Begins:

  	
   

  	
  13  March 2007

  
	
   

  	
   

  	
   

  
	
  Date Continuous Employment Begins:

  	
   

  	
  1 January 2006

  Employment
  prior to this date with any previous employer does not count as part of your
  continuous employment with the Company. This date is not necessarily the date
  used to determine your entitlement to certain benefits.

  
	
   

  	
   

  	
   

  
	
  Current Job Title:

  	
   

  	
  Chief Financial Officer

  You
  may be transferred to any other job in the Group which in the reasonable
  opinion of the Company would be suitable, on terms and conditions no less
  favourable than those set out in this document.

  
	
   

  	
   

  	
   

  
	
  Location:

  	
   

  	
  Ten Trinity Square, London

  You
  may be transferred to any other office in the Group. Your agreement to such a
  transfer will be sought unless in the reasonable opinion of the Company, the
  transfer does not necessitate you having to move home address.

  
	
   

  	
   

  	
   

  
	
  Salary:

  	
   

  	
  £300,000 per annum

  Your
  salary will be paid monthly in arrears by direct transfer to your bank
  account. Your salary will be reviewed annually.

  

 

 2
 

 

	
  Hours of Work:

  	
   

  	
  Your normal hours of work are 35 hours per week,
  09:30 - 17:30, Monday to Friday each week (but excluding public holidays) or
  as agreed locally by Management and/or local practice. 

   

  Unless otherwise agreed, these hours shall include
  one hour for lunch to be taken at a time agreed with your Manager or
  Director.

   

  You will be expected to work such additional hours
  as necessary to meet the demands of the business. You may also be required to
  vary the pattern of your working hours as necessitated by changing commercial
  needs, if in the reasonable opinion of the Company it is practicable for you
  to comply. Any additional hours worked are subject to the provisions of the
  Working Time Regulations 1998 and any amendment(s) to the Regulations
  thereof.

  
	
   

  	
   

  	
   

  
	
  Employment Obligations:

  	
   

  	
  During your working hours you must devote the whole
  of your time, attention and ability to the business of the Company and at all
  times you must promote the interest and general welfare of the Group.

   

  Whilst this Contract is in force you may not take
  any outside employment or engage in any business without prior written
  agreement of your Partners Group Member nor may your additional employment
  render your total working time in breach of the Working Time Regulations.

   

  You are not permitted to engage in any activity,
  which might interfere with the performance of your duties or cause a conflict
  of interest.

  
	
   

  	
   

  	
   

  
	
  Duty of Confidence:

  	
   

  	
  During and after the termination of this Contract
  you must keep with inviolable secrecy and may not use for any purpose nor
  reveal to anyone (other than those whose province it is to know the same) any
  secret or confidential information entrusted to or discovered by you. This
  includes but is not limited to information concerning the Company’s business,
  operations, products, markets, trade secrets, technical know how, product
  formulations or techniques, names or lists of employees, Clients or
  Prospective Clients and their insurance or commercial affairs or any other
  matters pertaining to them and revealed to you in the course of your
  employment which has not come into the public domain. This duty applies
  without time limit.

   

  For further guidance, the provisions concerning
  Confidential Information are set out in full in the Global Policy Manual.

  
	
   

  	
   

  	
   

  
	
  Copyright, Inventions and Patents

  	
   

  	
  You must promptly disclose to the Company all ideas,
  concepts, works, methods, discoveries, improvements, inventions or designs
  which you create or produce either alone or with others (except those created
  or produced wholly outside working hours which are totally unconnected with
  your employment) (“the Works”). All and any rights of whatever nature in each
  such Work shall belong absolutely to the Company and you shall hold the same
  in trust for the Company until such proprietary rights shall be fully and
  absolutely vested in the Company.The Company shall be entitled to make such
  modifications or adaptations to or from any of the Works as it shall in its
  absolute discretion determine. 

  

 

 3
 

 

	
  

  	
   

  	
  You hereby assign to the Company with full title
  guarantee by way of assignment all present and future copyright, database
  rights, design rights (whether registered or unregistered) and other
  proprietary rights (if any) and all rights of action for damages for
  infringement of such rights for the full term thereof and any renewals and
  extensions thereof throughout the world and you hereby waive in favour of the
  Company all moral rights conferred on you by chapter 4 of part 1 of the
  Copyright Designs and Patents Act 1988 in relation to any of the Works and at
  the request and expense of the Company you shall do all things and execute
  all documents necessary or desirable to substantiate the rights of the
  Company in the Works.

  
	
   

  	
   

  	
   

  
	
  Other Obligations:

  	
   

  	
  If you are in grade 9 or above, and/or personally
  deal with any Client or Prospective Client in the course of your duties, you
  shall not without the prior written consent of the Company for a period of 12
  months after the termination of your employment, other than after the
  wrongful termination of your employment by the Company, whether on behalf of
  yourself or any other person, firm or company in competition with the Company
  or the Group, directly or indirectly:

   

  (i)     solicit
  Business from; or

  (ii)    seek to
  procure orders from; or

  (iii)   transact
  or handle Business or otherwise deal with; or 

  (iv)   approach, canvass or
  entice away from the Group the Business of any Client of the Group with whom
  you have personally dealt in the course of your duties at any time during the
  12 months prior to the termination of your employment. The period of this
  restriction shall be reduced after the date your employment ends by a period
  equal in length to any period of lawful suspension from your duties or
  exclusion from any premises of the Company during any period of notice. 

  The restrictions set out in sub paragraphs (i) and (ii) above shall
  apply as if the references to the “Prospective Client” were substituted for
  references to the “Client”. 

  If you are in grade 9 or above, you shall not for a period of 6
  months after the lawful termination of your employment directly or indirectly
  induce or seek to induce any employee of the Group with whom you have worked
  in the 12 months preceding the termination of your employment (excepting a
  clerical and secretarial employee) to leave its employment where the
  departure of that employee (whether alone or in conjunction with the
  departure of other employees who are members of a team in which you performed
  duties) would do material harm to the Group and where the departure is
  intended for the benefit of you or your new employer or any other
  organisation carrying on a business in competition with the Group. 

  Each of the above restrictions constitutes an entirely separate and
  distinct covenant and the invalidity or unenforceability of any such Covenant
  shall not affect the validity or enforceability of the remaining covenants. 

  

 

 4
 

 

	
  

  	
   

  	
  The details of all your obligations are contained in
  the Global Policy Manual and the Associate Handbook and the terms herein
  should be read in conjunction with those in the Global Policy Manual and
  Associate Handbook.

  
	
   

  	
   

  	
   

  
	
  Pension Scheme:

  	
   

  	
  The Group operates the Willis Pension Scheme. Full
  details regarding the current eligibility conditions, contributions and
  benefits are provided in the Scheme Booklet. With effect from 1 April 2004
  Associates joining the Group automatically join the Scheme and by accepting
  this Contract authorise pension contributions to be deducted from salary,
  unless an opt out election is made. 

   

  Membership of the Scheme is subject to the Scheme
  Trust Deed and Rules. Benefits may be restricted by the limits set by the
  Inland Revenue. The employment of Scheme members is covered by a
  Contracting-out certificate.

  
	
   

  	
   

  	
   

  
	
  Absence from Work:

  	
   

  	
  Your entitlement to payments whilst you are absent
  from work, and the procedure that you should follow if you are unable to
  attend the office for any reason are contained in the Associate Handbook.

  
	
   

  	
   

  	
   

  
	
  Medical Examination:

  	
   

  	
  The Company reserves the right to require you at any
  time to submit yourself for examination by a doctor appointed by the Company
  at the Company’s expense.

  
	
   

  	
   

  	
   

  
	
  Holidays:

  	
   

  	
  Grades 1 – 8 inclusive        23 days per annum 

   

  Grade 9 and above                25 days per annum 

   

  The holiday year runs from 1 January to 31 December.
  Holiday entitlement increases by 1 day for every year’s completed service at
  the previous 31 December up to a maximum of 25 days. Please refer to the
  Associate Handbook for your pro rata entitlement in year of joining and of leaving.
  Payment will be made for Public Holidays. 

   

  For part-time staff, holiday entitlement and
  entitlement to payment for Public Holidays, is pro-rata, as outlined in the
  Associate Handbook.

  
	
   

  	
   

  	
   

  
	
  Employee Benefits:

  	
   

  	
  The Details and eligibility rules of Employee
  Benefits to which you may be entitled are contained in the Associate
  Handbook.

  
	
   

  	
   

  	
   

  
	
  Termination of Employment:

  	
   

  	
  a)      You may
  terminate your employment by giving written notice as follows:

  Grades 1 – 8 inclusive

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Up to 4 weeks
  continuous service

  	
  - 1 week

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Over 4 weeks continuous service

  	
  - 4 weeks 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades 9 – 11 inclusive

  	
  - 3 months 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades 12 – 13 inclusive

  	
  - 6 months 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades 14 and above

  	
  - 12 months 

  
	
   

  	
   

  	
   

  	
   

  

 

 5
 

 

	
  

  	
   

  	
  b)                If
  your employment is terminated by the Company you will receive written notice
  as follows: 

  Grades
  1 – 8 inclusive

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Up to 4 weeks
  continuous service

  	
  - 1 week

  
	
   

  	
   

  	
  Up to 4 years
  continuous service

  	
  - 4 weeks

  
	
   

  	
   

  	
  From 5 to 12
  years continuous service

  	
  - 1 week for
  each year

  of completed service 

  
	
   

  	
   

  	
  Over 12 years
  continuous service

  	
  - 12 weeks

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades
  9 – 11 inclusive

  	
  - 3 months 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades
  12 – 13 inclusive

  	
  - 6 months 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Grades
  14 and above

  	
  - 12 months 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  c)                 This
  agreement will automatically terminate on the Normal Retirement Date under
  the Rules of the Willis Pension Scheme. This does not affect your statutory
  rights under the Employment Equality (Age) Regulations 2006. 

  d)                The
  Company shall not be obliged to provide you with work at any time after the
  notice of termination is given by either party and the Company may in its
  absolute discretion take one or more of the following steps in respect of all
  or part of the unexpired period of notice (provided that this shall not
  amount to more than 6 months if the notice period is longer): 

  i)                   require
  you to comply with such conditions as the Company may specify in relation to
  attending or remaining away from the place of business of the Company, should
  you be required to remain away from the office you will be required to take
  any outstanding holiday during this period of lawful suspension, agreeing the
  days in advance with management; 

  ii)                Assign
  you to such other duties as the Company shall in its absolute discretion
  determine; 

  iii)             Withdraw
  any powers invested in you or suspend or vary any duties or responsibilities
  assigned to you. 

  e)                 On
  termination of the Contract for whatever reason you must return to the
  Company all reports, documents, computer disks, working papers and any other
  information (in whatever form) received in the course of your employment. In
  addition all other Group property must be returned.

  
	
   

  	
   

  	
   

  
	
  Company Procedures:

  	
   

  	
  The Associate Handbook and the Global Policy Manual
  contain details of the Company Procedures affecting your terms and conditions
  of employment, including our Ethical Code, the Equal Opportunities Policy,
  Performance Improvement, Disciplinary, Appeals and Grievance procedures which
  should be read in conjunction with your Contract of Employment. 

  These documents are available in electronic format
  on the Company’s intranet site. It is your responsibility to familiarise
  yourself with these documents, and to note amendments of which you will be
  advised from time to time. 

  

 

 6
 

 

	
  

  	
   

  	
  You
  are specifically advised that it is your responsibility to comply with the
  Company’s policies, rules and procedures, including those contained within
  the Willis Excellence Model and other compliance documents, as varied or
  supplemented by it from time to time. Failure to comply with the Company’s
  policies, rules and procedures will be a disciplinary offence and be dealt
  with in accordance with the Company’s disciplinary procedures.

  
	
   

  	
   

  	
   

  
	
  Regulatory Requirements:

  	
   

  	
  You
  are required to comply with all reasonable requests, instructions and regulations
  (whether statutory or otherwise) which apply to your employment from time to
  time including any relevant requirements of the FSA and/or any other relevant
  regulator. It is your responsibility to familiarise yourself with all such
  regulations and requirements as made available to you by the Company. 

   

  It
  is a condition of your employment that you demonstrate and maintain
  competence for the role you carry out, through the initial completion and
  passing of relevant modules of Insurance Essentials, and of any other
  training packages and tests introduced by the Company from time to time
  thereafter. In the event of you failing to maintain and demonstrate
  competence for your role the Company will follow the Performance Improvement
  Procedure.

  
	
   

  	
   

  	
   

  
	
  Data Protection:

  	
   

  	
  In order to meet statutory requirements, the
  Company, as your employer, is required to collect, process and retain
  information, which the Data Protection Act 1998 defines as sensitive personal
  data. By signing this Contract you are expressly agreeing to the Company
  collecting, processing and retaining the following information relating to: 

   

  a)      Ethnic origin –
  to ensure equality of opportunity; 

   

  b)     Physical or mental health or condition – as part of sickness records; 

   

  c)      Disabilities –
  to facilitate adaptations in the workplace; and 

   

  d)     Criminal convictions –
  to comply with the Rehabilitation of Offenders Act. 

   

  This
  information, which will be held securely by Human Resources and, where
  applicable, Occupational Health departments, is processed in accordance with
  the principles set out in the Data Protection Act. You have the right to
  inspect such information and, if necessary, require corrections to be made if
  the information held about you is inaccurate. Should you wish to inspect or
  amend any sensitive personal data held about you, then please contact Human
  Resources. 

   

  The
  Company has an integrated Global Payroll and HR database the server for which
  is located in the US. By accepting this contract you agree that the Company
  may input relevant personnel records into these databases, which will be
  transferred to the US for processing. The US does not have equivalent data
  protection law to that of the UK, however it is the Company’s policy to
  maintain the same rigorous standards with regard to the processing of data in
  the US as in the UK.

  
	
   

  	
   

  	
   

  
	
  Collective Agreements:

  	
   

  	
  There
  are no collective agreements in force that will affect your employment with
  the Group.

  

 

 7
 

This Agreement or attachments to this agreement
supersedes any existing or prior arrangements between you and the Company or
any subsidiary or associated Company of Willis Limited.  In the event of differing terms, this
Contract of Employment will prevail.

Definitions:

For the purposes of this contract the following
definitions shall apply:

“Group” means the Company and any holding company or
subsidiaries of the Company or any such holding company from time to time.

“Client” means any
person, firm, company or other organisation who or which as at the date your
employment terminates or at any time during the 12 months prior to that date:

i)                                         gives
or is in the habit of giving instructions directly or through an Intermediary
to the Company or any other company in the Group concerning the Business; or

ii)                                      is
supplied or is in the habit of being supplied directly by the Company or any
company in the Group or indirectly through an Intermediary with services
relating to the Business; or

iii)                                   is
an insured or reassured or an Intermediary having influence over the
introduction or facilitation or securing of the Business with the Company or
any other company in the Group.

“Business” means the business of a type carried on by
the Company or by any other company in the Group at the date your employment
terminates, including but not limited to the placing or broking of insurance or
reinsurance world-wide and ancillary services, the provision of risk management
or risk transfer advice or due diligence on mergers and acquisitions.

“Intermediary” means any person, firm or company by or
through or with whom or which the Business is introduced and/or facilitated on
behalf of an insured or reassured whether or not such intermediary derives any
financial benefit from the arrangement.

“Prospective Client” means any person, firm, company
or other organisation engaged in substantive negotiations (which have not yet
finally been concluded) with the Company or with any other company in the Group
in the 12 month period up to the date your employment terminates for the supply
of services by the Company or any other company in the Group in relation to the
Business.

“Global Policy Manual” means the Willis Group Holdings
Limited Global Policy Manual.

Signed for and on behalf

of the Company:

I have read and understood the Terms and Conditions
stated in the Contract of Employment document and I confirm my acceptance of
them.

Signed:

Date:

 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]