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EXHIBIT 10.8

 

MASTER AMENDMENT
 TO THE 
 REMAINING PLANS

 

This Master Amendment to the Aon Savings Plan, Aon Supplemental Savings Plan, Aon Corporation Supplemental Employee Stock Ownership Plan, Aon Corporation 2011 Employee Stock Purchase Plan, Aon Deferred Compensation Plan, Aon Stock Award Plan, Aon Stock Option Plan and the Employment Agreement (the “Employment Agreement”) dated as of April 4, 2005, between Aon Corporation and Gregory C. Case (the “Executive”) (the “Remaining Plans”), is adopted by Aon Corporation, a Delaware corporation (the “Company”), to be effective as set forth below.

 

RECITALS

 

WHEREAS, the Company was reorganized (the “Reorganization”) effective April 2, 2012 pursuant to an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) approved by the Company’s stockholders on March 16, 2012 and, as a result of the Reorganization, the Company became a subsidiary of Aon plc, a public limited company incorporated under English law (the “Parent”) and each share of common stock of Aon Corporation was converted into one Class A Ordinary Share, par value $0.01, of the Parent (“Ordinary Share”);

 

WHEREAS, the Merger Agreement provides that, with the exception of certain specified equity compensation plans, the underlying award agreements outstanding thereunder and certain specified change-in-control plans and agreements, which are to be assumed by the Parent, the Company shall retain sponsorship of and all rights and obligations under the employee benefit plans and programs and employment contracts and arrangements it sponsors or is contractually bound by;

 

WHEREAS, the Merger Agreement further provides that such employee benefit plans and programs and employment contracts and arrangements shall be amended to provide for the appropriate substitution of the Parent in place of the Company, where applicable, to provide that the Reorganization shall not constitute a change-in-control under any such plan, arrangement or agreement and to make any other conforming or clarifying changes as may be necessary to reflect the Reorganization;

 

WHEREAS, the Company and the Parent entered into a Deed of Assumption on April 2, 2012 to effectuate the assignment by Company to the Parent and the Parent’s assumption and adoption of all of the Company’s rights and obligations under the plans and agreements to be assumed by the Parent and, to the extent the Remaining Plans provide for the issuance, acquisition, delivery, holding or purchase of shares of, or otherwise relate to or reference, common stock of the Company or rights to shares of common stock of the Company (or rights to receive benefits or other amounts by reference to those shares) to provide for the amendment of the Remaining Plans to provide for the issuance, acquisition, delivery, holding or purchase of, or otherwise relate to or reference, Ordinary Shares (or rights to receive benefits or other amounts by reference to Ordinary Shares determined in accordance with the Remaining Plans) on a one-for-one basis;

 

 

WHEREAS, the Board of Directors of the Company has determined it is advisable and in the best interests of the Company and its stockholders to amend the Remaining Plans to reflect the Reorganization and as consistent with the provisions of the Merger Agreement and the Deed of Assumption; and

 

WHEREAS, the Executive agrees to such amendment to the Employment Agreement.

 

NOW, THEREFORE, the Remaining Plans are hereby amended, effective as of April 2, 2012, by the Company’s authorized officers, and, in the case of the Employment Agreement, the agreement of the Executive, as follows:

 

1.              To the extent a Remaining Plan provides for the issuance, acquisition, delivery, holding or purchase of shares of, or otherwise relate to or reference, common stock of Aon Corporation or rights to shares of common stock of Aon Corporation (or rights to receive benefits or other amounts by reference to those shares) such Remaining Plan is hereby amended to provide for the issuance, acquisition, delivery, holding or purchase of, or otherwise relate to or reference, Class A Ordinary Shares of Aon plc (or rights to receive benefits or other amounts by reference to Class A Ordinary Shares of Aon plc determined in accordance with the terms of such Remaining Plan) on a one-for-one basis.

 

2.              Each Remaining Plan is hereby amended to change the Remaining Plan’s definition of change in control, if any, and all references in the Remaining Plan to a change in control to a change in control of Aon plc and to provide that the transactions occurring on April 2, 2012 pursuant to the Agreement and Plan of Merger and Reorganization approved by the stockholders of Aon Corporation on March 16, 2012 shall not constitute a change in control under the Remaining Plan.

 

IN WITNESS WHEREOF, the Company has caused this Master Amendment to be executed on its behalf by its duly authorized officers and the Executive has executed this Master Amendment as it applies to the Employment Agreement this 2nd day of April, 2012.

 

 

Aon Corporation

 

 

	
By: 
    	
/s/   Christa Davies
    	
 
    
	
 
    	
Christa   Davies
    	
 
    
	
 
    	
Executive   Vice President and
    	
 
    
	
 
    	
Chief   Financial Officer
    	
 
    
				

 

2

 

	
By: 
    	
/s/   Gregory J. Besio
    	
 
    
	
 
    	
Gregory   J. Besio
    	
 
    
	
 
    	
Executive   Vice President and
    	
 
    
	
 
    	
Chief   Human Resources Officer
    	
 
    
				

 

 

	
Executive
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
/s/   Gregory C. Case
    	
 
    
	
           Gregory   C. Case
    	
 
    

 

3EXHIBIT 10.9

 

FIRST AMENDMENT
 TO THE 
 AMENDED AND RESTATED 
 GLOBAL STOCK AND INCENTIVE COMPENSATION PLAN 
 OF HEWITT ASSOCIATES, INC.

 

This First Amendment to the Amended and Restated Global Stock and Incentive Compensation Plan of Hewitt Associates, Inc. (the “Plan”), is adopted by Aon Corporation, a Delaware corporation (the “Company”), to be effective as set forth below.

 

RECITALS

 

WHEREAS, the Company was reorganized (the “Reorganization”) effective April 2, 2012 pursuant to an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) approved by the Company’s stockholders on March 16, 2012 and, as a result of the Reorganization, the Company became a subsidiary of Aon plc, a public limited company incorporated under English law (the “Parent”) and each share of common stock of Aon Corporation was converted into one Class A Ordinary Share, par value $0.01, of the Parent (“Ordinary Share”);

 

WHEREAS, the Merger Agreement provides that, as of the effective date of the Reorganization, the Company shall assign to the Parent and the Parent shall assume and adopt all of the Company’s rights and obligations under certain equity compensation plans and the underlying award agreements outstanding thereunder;

 

WHEREAS, the Merger Agreement further provides that such equity compensation plans and the underlying award agreements outstanding thereunder shall be amended to provide for the substitution of Ordinary Shares for common stock of Aon Corporation in all future grants and outstanding awards and for any other conforming or clarifying changes as may be necessary to reflect the Reorganization;

 

WHEREAS, the Company and the Parent entered into a Deed of Assumption on April 2, 2012 to effectuate the assignment by Company to the Parent and the Parent’s assumption and adoption of all of the Company’s rights and obligations under such equity compensation plans and award agreements;

 

WHEREAS, the Plan constitutes such an equity compensation plan and the award agreements outstanding thereunder constitute such award agreements; and

 

WHEREAS, the Board of Directors of the Company has determined it is advisable and in the best interests of the Company and its stockholders to amend the Plan to reflect the Reorganization and as consistent with the provisions of the Merger Agreement;

 

NOW, THEREFORE, the Plan and the outstanding awards issued thereunder are hereby amended, effective as of April 2, 2012, by the Company’s authorized officers, as follows:

 

 

1.              Section 2.8 of the Plan is amended by the addition of the following sentence at the end thereof:

 

The transactions occurring on April 2, 2012 pursuant to the Agreement and Plan of Merger and Reorganization approved by the stockholders of Aon Corporation on March 16, 2012 shall not constitute a Change in Control.

 

2.              Section 2.11 of the Plan is amended to replace the reference to “Hewitt Associates, a Delaware corporation” with “Aon plc, a public limited company incorporated under English law”.

 

3.              All references in the Plan to the Company shall be to Aon plc, unless the context otherwise requires, and all provisions of the Plan shall be consistently interpreted and applied.

 

4.              Section 2.14 of the Plan is amended to replace the reference to “Class A common stock” with “Class A Ordinary Shares”.

 

5.              All outstanding awards issued under the Plan are amended so as to be consistent with the above changes to the Plan.

 

IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on its behalf by its duly authorized officers, this 2nd day of April, 2012.

 

 

	
Aon Corporation
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By: 
    	
/s/ Christa Davies
    	
 
    
	
 
    	
Christa   Davies
    	
 
    
	
 
    	
Executive   Vice President and
    	
 
    
	
 
    	
Chief   Financial Officer
    	
 
    
				

 

 

	
By: 
    	
/s/ Gregory J. Besio
    	
 
    
	
 
    	
Gregory   J. Besio
    	
 
    
	
 
    	
Executive   Vice President and
    	
 
    
	
 
    	
Chief   Human Resources Officer
    	
 
    
				

 

2EXHIBIT 10.10

 

SECOND AMENDMENT
 TO THE
 AMENDED AND RESTATED AON STOCK INCENTIVE PLAN

 

This Second Amendment to the Amended and Restated Aon Stock Incentive Plan (the “Plan”), is adopted by Aon Corporation, a Delaware corporation (the “Company”), to be effective as set forth below.

 

RECITALS

 

WHEREAS, the Company was reorganized (the “Reorganization”) effective April 2, 2012 pursuant to an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”) approved by the Company’s stockholders on March 16, 2012 and, as a result of the Reorganization, the Company became a subsidiary of Aon plc, a public limited company incorporated under English law (the “Parent”) and each share of common stock of Aon Corporation was converted into one Class A Ordinary Share, par value $0.01, of the Parent (“Ordinary Share”);

 

WHEREAS, the Merger Agreement provides that, as of the effective date of the Reorganization, the Company shall assign to the Parent and the Parent shall assume and adopt all of the Company’s rights and obligations under certain equity compensation plans and the underlying award agreements outstanding thereunder;

 

WHEREAS, the Merger Agreement further provides that such equity compensation plans and the underlying award agreements outstanding thereunder shall be amended to provide for the substitution of Ordinary Shares for common stock of Aon Corporation in all future grants and outstanding awards and for any other conforming or clarifying changes as may be necessary to reflect the Reorganization;

 

WHEREAS, the Company and the Parent entered into a Deed of Assumption on April 2, 2012 to effectuate the assignment by Company to the Parent and the Parent’s assumption and adoption of all of the Company’s rights and obligations under such equity compensation plans and award agreements;

 

WHEREAS, the Plan constitutes such an equity compensation plan and the award agreements outstanding thereunder constitute such award agreements; and

 

WHEREAS, the Board of Directors of the Company has determined it is advisable and in the best interests of the Company and its stockholders to amend the Plan to reflect the Reorganization and as consistent with the provisions of the Merger Agreement;

 

NOW, THEREFORE, the Plan and the outstanding awards issued thereunder are hereby amended, effective as of April 2, 2012, by the Company’s authorized officers, as follows:

 

1.              Subsection (g) of Section 2.01 of the Plan is amended to replace the reference to “Aon Corporation, a corporation organized under the laws of the State of Delaware” with “Aon plc, a public limited company incorporated under English law”.

 

 

2.              All references in the Plan to the Company shall be to Aon plc, unless the context otherwise requires, and all provisions of the Plan shall be consistently interpreted and applied.

 

3.              Subsection (w) of Section 2.01 of the Plan is amended to replace the reference to “Common Stock, $1.00 par value per share” with “Class A Ordinary Shares, $0.01 par value per share”.

 

4.              Any references in the Plan to a change in control shall be to a change in control of Aon plc and the transactions occurring on April 2, 2012 pursuant to the Agreement and Plan of Merger and Reorganization approved by the stockholders of Aon Corporation on March 16, 2012 shall not constitute a change in control under the Plan.

 

5.              All outstanding awards issued under the Plan are amended so as to be consistent with the above changes to the Plan.

 

IN WITNESS WHEREOF, the Company has caused this Second Amendment to be executed on its behalf by its duly authorized officers, this 2nd day of April, 2012.

 

 

	
Aon Corporation
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:   
    	
/s/   Christa Davies
    	
 
    
	
 
    	
Christa   Davies
    	
 
    
	
 
    	
Executive   Vice President and
    	
 
    
	
 
    	
Chief   Financial Officer
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
By:   
    	
/s/   Gregory J. Besio
    	
 
    
	
 
    	
Gregory   J. Besio
    	
 
    
	
 
    	
Executive   Vice President and
    	
 
    
	
 
    	
Chief   Human Resources Officer
    	
 
    
				

 

2

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