Document:

2009 Change-in-Control Executive Severance Plan

 Exhibit 10.22 
 2009 Change-in-Control 
 Executive Severance Plan

 Hewitt Associates, Inc. 
 Effective November 2, 2009 

 Contents 
  

			
		
	 Article 1. Establishment and Term of the Plan
	  	2
		
	 Article 2. Definitions
	  	2
		
	 Article 3. Severance Benefits
	  	5
		
	 Article 4. Noncompetition and Confidentiality
	  	8
		
	 Article 5. Excise Taxes
	  	8
		
	 Article 6. Contractual Rights and Legal Remedies
	  	9
		
	 Article 7. Successors
	  	10
		
	 Article 8. Miscellaneous
	  	10

 Hewitt Associates, Inc. 
 2009 Change-in-Control Executive Severance Plan 
 Article 1. Establishment
and Term of the Plan 
 1.1 Establishment of the Plan. Hewitt Associates Inc. (hereinafter referred to as the “Company”)
hereby establishes a severance plan to be known as the “Hewitt Associates, Inc. Change-in-Control Executive Severance Plan” (the “Plan”). The Plan provides severance benefits to certain employees (as identified in Appendix
A) of the Company (“Executive” or “Executives”) upon certain terminations of employment from the Company. 
 The Company
considers the establishment and maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of the Company and its stockholders. In this connection, the Company recognizes that, as is the case with many
publicly held corporations, the possibility of a Change in Control may arise and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the
detriment of the Company and its stockholders. 
 Accordingly, the Board has determined that appropriate steps should be taken to reinforce and
encourage the continued attention and dedication of members of the Company’s management to their assigned duties without distraction in circumstances arising from the possibility of a Change in Control of the Company. 
 1.2 Plan Term. This Plan will commence on November 2, 2009 (the “Effective Date”) and shall continue in effect until this Plan is
terminated by the Company. The Company may terminate this Plan entirely or terminate any individual Executive’s participation in the Plan at any time by (i) giving all Executives written notice of Plan termination if terminating the Plan
in its entirety or (ii) giving the affected Executives written notice terminating the affected Executives’ participation in the Plan. If such notice is properly delivered by the Company, this Plan along with all corresponding rights,
duties, and covenants shall immediately expire; provided, however, that in the event a Change in Control occurs within twelve (12) months after receipt of such notice, such notice shall be deemed null and void and Executives’ participation
in this Plan shall not be affected by such notice. 
 1.3 Change-in-Control and Plan Term. Notwithstanding Section 1.2 above,
in the event that a Change in Control of the Company occurs during the Plan Term, the Company may not terminate the Plan or any individual Executive’s participation in the Plan during the period beginning on the date of the Change in Control
through the second anniversary of the Change in Control. This Plan shall thereafter automatically terminate. This Plan shall be assigned to, and shall be assumed by the purchaser in such Change in Control, as further provided in Article 7 herein.

 Article 2. Definitions 
 Wherever
used in this Plan, the following terms shall have the meanings set forth below and, when the meaning is intended, the initial letter of the word is capitalized: 
  

	 	(a)	“Base Salary” means, at any time, the then regular annual rate of pay which the Executive is receiving as annual salary, excluding amounts:
(i) received under short-term or long-term incentive or other bonus plans, regardless of whether or not the amounts are deferred, or (ii) designated by the Company as payment toward reimbursement of expenses. 

  

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	 	(b)	“Beneficial Owner” or “Beneficial Ownership” shall have the meaning ascribed to such term in Rule 13d-3 of the General Rules and
Regulations under the Exchange Act. 

  

	 	(c)	“Board” or “Board of Directors” means the Board of Directors of the Company. 

  

	 	(d)	“Cause” shall mean the occurrence of any one or more of the following: 

  

	 	(i)	The Executive’s willful failure to substantially perform his duties with the Company (other than any such failure resulting from the Executive’s Disability),
after a written demand for substantial performance is delivered to the Executive that specifically identifies the manner in which the Committee believes that the Executive has not substantially performed his duties, and the Executive has failed to
remedy the situation within fifteen (15) business days of such written notice from the Company; 

  

	 	(ii)	Gross negligence in the performance of the Executive’s duties; 

  

	 	(iii)	The Executive’s conviction of, or plea of guilty or nolo contendere, to any felony whatsoever, or any other crime involving the personal enrichment of the
Executive at the expense of the Company; 

  

	 	(iv)	The Executive’s willful engagement in conduct that is demonstrably and materially injurious to the Company, monetarily or otherwise; 

  

	 	(v)	Willful violation of any provision of the Company’s code of conduct; or 

  

	 	(vi)	Willful violation of any of the covenants contained in Article 4, as applicable. 

  

	 	(e)	“Change in Control” shall occur if any of the following events occur: 

  

	 	(a)	The acquisition by any individual, entity, or group of Beneficial Ownership of thirty percent (30%) or more of the combined voting power of the Company’s then
outstanding securities with respect to the election of Directors of the Company; 

  

	 	(b)	The consummation of a reorganization, merger, or consolidation of the Company or sale or other disposition of all or substantially all of the assets of the Company (a
“Corporate Transaction”); excluding, however, a Corporate Transaction pursuant to which all or substantially all of the individuals or entities who are the Beneficial Owners of the Company immediately prior to the Corporate Transaction
will beneficially own, directly or indirectly, more than sixty percent (60%) of the outstanding shares of common stock of the resulting entity and of the combined voting power of the outstanding securities entitled to vote for the election of
directors of such entity; or 

  

	 	(c)	Individuals who, as of the Effective Date, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of such Board;
provided, that any individual who becomes a Director of the Company subsequent to the Effective Date, whose election, or nomination for election by the Company’s stockholders, was approved by the vote of at least a majority of the Directors
then comprising the Incumbent Board shall be deemed a member of the Incumbent Board; and provided further, that any individual who was initially elected as a Director of the Company as a result of an actual or threatened election contest, as such
terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act, or any other actual or threatened solicitation of proxies or consents by or on behalf of any Person other than the Board shall not be deemed a member of the
Incumbent Board. 

  

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	 	(f)	“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time. 

  

	 	(g)	“Committee” means the Compensation and Leadership Committee of the Board of Directors of the Company, or, if no Compensation and Leadership Committee
exists, then the full Board of Directors of the Company, or a committee of Board members, as appointed by the full Board to administer this Plan. 

  

	 	(h)	“Company” means Hewitt Associates, Inc., a Delaware corporation, and any successor thereto as provided in Article 7 herein.

  

	 	(i)	“Disability” or “Disabled” shall have the meaning ascribed to such term in the Company’s governing long-term disability plan, or
if no such plan exists, at the discretion of the Board. 

  

	 	(j)	“Effective Date of Termination” means the date on which a Qualifying Termination occurs, as provided in Section 3.2 herein, which triggers the
payment of Severance Benefits hereunder. 

  

	 	(k)	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto. 

  

	 	(l)	“Good Reason” means, without the Executive’s express written consent, the occurrence after a Change in Control of the Company of any one
(1) or more of the following: 

  

	 	(i)	A material reduction of the Executive’s authorities, duties, or responsibilities as an executive and/or officer of the Company from those in effect as of ninety
(90) calendar days prior to the Change in Control, other than (i) an insubstantial reduction, or (ii) an inadvertent reduction that is remedied by the Company promptly after receipt of notice thereof given by the Executive; provided,
however, that any reduction in the foregoing resulting merely from the acquisition of the Company and its existence as a subsidiary or division of another entity shall not be sufficient to constitute Good Reason; 

  

	 	(ii)	The Company’s requiring the Executive to be based at a location in excess of fifty (50) miles from the location of the Executive’s principal job location
or office immediately prior to the Change in Control; except for required travel on the Company’s business to an extent substantially consistent with the Executive’s then present business travel obligations; 

  

	 	(iii)	A material reduction by the Company of the Executive’s Base Salary in effect on the Effective Date hereof, or as the same shall be increased from time to time;

  

	 	(iv)	The failure of the Company to continue in effect, or the failure to continue the Executive’s participation on substantially the same basis in, any of the
Company’s short-and long-term incentive compensation plans, or employee benefit or retirement plans, policies, practices, or other compensation arrangements in which the Executive participates prior to the Change in Control of the Company
unless such failure to continue the plan, policy, practice, or arrangement pertains to all plan participants generally; provided, however, that a decrease in the Executive’s Target Annual Total Compensation in excess of ten percent
(10%) shall constitute Good Reason; 

  

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	 	(v)	The failure of the Company to obtain a satisfactory agreement from any successor to the Company to assume and agree to perform the Company’s obligations under this
Plan, as contemplated in Article 7 herein; and 

  

	 	(vi)	A material breach of this Plan by the Company which is not remedied by the Company within ten (10) business days of receipt of written notice of such breach
delivered by the Executive to the Company. 

 Unless the Executive becomes Disabled, the Executive’s right to
terminate employment for Good Reason shall not be affected by the Executive’s incapacity due to physical or mental illness. The Executive’s continued employment shall not constitute consent to, or a waiver of rights with respect to, any
circumstance constituting Good Reason herein. 
  

	 	(m)	“Notice of Termination” shall mean a written notice which shall indicate the specific termination provision in this Plan relied upon, and shall set
forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Executive’s employment under the provision so indicated. 

  

	 	(n)	“Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof,
including a “group” as defined in Section 13(d). 

  

	 	(o)	“Plan” means this Hewitt Associates, Inc. 2009 Change-in-Control Executive Severance Plan. 

  

	 	(p)	“Qualifying Termination” means any of the events described in Section 3.2 herein, the occurrence of which triggers the payment of Severance
Benefits hereunder. 

  

	 	(q)	“Restrictive Covenant Agreement” means the Confidentiality Agreement entered into between the Company and the Executive, as may be
modified from time to time. 

  

	 	(r)	“Severance Benefits” mean the severance benefits as provided in Section 3.3(a) through 3.3(f) herein. 

  

	 	(s)	“Target Annual Total Compensation” shall mean the sum of all elements of the Executive’s pay and benefits including the
Executive’s Base Salary, target annual incentives, target annualized long-term incentive grants, employee benefits and retirement plans. For purposes of measuring target annualized long-term incentive grant, the awards shall be measured on
their date of grant using reasonable assumptions, including, but not limited to, fair value principles such as those identified in Statement of Financial Accounting Standards No. 123, Share-Based Payment; the value of such awards shall be
annualized over the frequency of their grant. In the case of employee benefit and retirement plans, the annual value of such plans shall be measured using reasonable assumptions (including reasonable actuarial assumptions as necessary).

 Article 3. Severance Benefits 
 3.1 Right to Severance Benefits. The Executive shall be entitled to receive from the Company Severance Benefits as described in Section 3.3 herein, if during the term of this Plan there has been a Change in Control of the
Company and if, within twenty-four (24) calendar months immediately thereafter, the Executive’s employment with the Company shall end for any reason specified in Section 3.2 herein as being a Qualifying Termination. The Severance
Benefits described in Section 3.3(a), 3.3(b), 3.3(c), and 3.3(d), (and Section 3.3(f) if applicable) herein shall be paid in cash to the Executive in a single lump sum as soon as practicable following the Qualifying Termination, but in no
event later than thirty (30) calendar days from such date; provided, however, that if it is determined that Section 8.7 of this plan is applicable, the timing of such payments shall be pursuant to Section 8.7. 
  

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 3.2 Qualifying Termination. The occurrence of any one or more of the following events (a
“Qualifying Termination”) within twenty-four (24) calendar months immediately following a Change in Control of the Company shall trigger the payment of Severance Benefits to the Executive, as such benefits are described under
Section 3.3 herein: 
  

	 	(a)	The Company’s involuntary termination of the Executive’s employment without Cause; or 

  

	 	(b)	The Executive’s voluntary termination of employment for Good Reason. 

 A Qualifying Termination shall also include an involuntary termination of the Executive’s employment without Cause within six (6) months prior to a Change in Control if such termination occurs
at the request of any third party involved in the Change-in-Control transaction; in such event, the date of Qualifying Termination shall be deemed to be the date of the Change in Control. A Qualifying Termination shall not include a termination of
the Executive’s employment within twenty-four (24) calendar months after a Change in Control by reason of death, Disability, the Executive’s voluntary termination without Good Reason, or the Company’s involuntary termination of
the Executive’s employment for Cause. 
 3.3 Description of Severance Benefits. In the event that the Executive becomes entitled to
receive Severance Benefits, as provided in Sections 3.1 and 3.2 herein, the Company shall pay to the Executive and provide the Executive with the following: 
  

	 	(a)	A lump-sum cash amount equal to the Executive’s unpaid Base Salary, accrued vacation pay, unreimbursed business expenses, and all other items earned by and owed to
the Executive through and including the date of the Qualifying Termination. Such payment shall constitute full satisfaction for these amounts owed to the Executive. 

  

	 	(b)	Any amount payable to the Executive under the annual bonus plan then in effect in respect of the most recently completed fiscal year, to the extent not theretofore paid
and not otherwise subject to deferral under a qualified or nonqualified deferred compensation plan. Such payment shall constitute full satisfaction for these amounts owed to the Executive. 

  

	 	(c)	A lump-sum cash amount equal to the sum of: (i) two (2) multiplied by the Executive’s annual rate of Base Salary in effect upon the date of the
Qualifying Termination or, if greater, by the Executive’s annual rate of Base Salary in effect immediately prior to the occurrence of the Change in Control plus (ii) two (2) multiplied by the Executive’s then current target bonus
opportunity established under the annual bonus plan in effect for the bonus plan year in which the date of the Executive’s Qualifying Termination occurs or, if greater, the Executive’s target bonus opportunity in effect prior to the
occurrence of the Change in Control. 

  

	 	(d)	A lump-sum cash amount equal to the greater of: (i) the Executive’s then-current target bonus opportunity established under the annual bonus plan for the plan
year in which the Executive’s date of Qualifying Termination occurs; or (ii) the Executive’s target bonus opportunity in effect prior to the occurrence of the Change in Control, adjusted on a pro rata basis based on the number of days
the Executive was actually employed during such plan year. Such payment shall constitute full satisfaction for these amounts owed to the Executive. 

  

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	 	(e)	Unless otherwise provided in a plan document, award agreement, or otherwise, all outstanding equity-based long-term incentive vehicles, including but not limited to
stock options, stock appreciation rights, restricted stock, or restricted stock units (“Equity Awards”) shall become immediately vested in full upon a Qualifying Termination. In the event such Equity Awards would not otherwise vest solely
by the continued employment of the Executive (“Performance Vesting Equity Awards”), such Performance Vesting Awards shall vest at the time of the Change in Control. The number of shares that shall vest shall be determined as if a target
level of performance had been achieved and shall be prorated based on the length of time within the performance period elapsed prior to the Change in Control. 

  

	 	(f)	Subject to clauses (i) and (ii), Company shall provide, at the exact same cost to the Executive, and at the same coverage level as in effect as of the
Executive’s date of the Qualifying Termination (subject to changes in coverage levels applicable to all employees generally), a continuation of the Executive’s (and the Executive’s eligible dependents’) health insurance coverage
for twenty-four (24) months from the date of the Qualifying Termination. The applicable COBRA health insurance benefit continuation period shall begin coincident with the beginning of this twenty-four (24) month benefit continuation
period. 

 (i) If the Executive becomes covered under the health insurance coverage of a subsequent employer which
does not contain any exclusion or limitation with respect to any preexisting condition of the Executive or the Executive’s eligible dependents, this health insurance benefit coverage by the Company shall be discontinued prior to the end of the
twenty-four (24) month continuation period. For purposes of enforcing this offset provision, the Executive shall have a duty to inform the Company as to the terms and conditions of any subsequent employment and the corresponding benefits earned
from such employment. The Executive shall provide, or cause to provide, to the Company in writing correct, complete, and timely information concerning the same. 
 (ii) If, as of the Executive’s Date of Termination, the provision to the Executive of the health insurance coverage described in this Section 3.3(f) would either (1) violate the terms of
the health insurance plan (or any other related insurance policies) or (2) violate any of the Code’s nondiscrimination requirements applicable to the health insurance coverage, then Company, shall pay the Executive, in lieu of the health
insurance coverage described under this Section 3.3(f), a lump sum cash payment equal to the total monthly premiums (or in the case of a self funded plan, the cost of COBRA continuation coverage) that would have been paid by Company for the
Executive under the health insurance plan from the date of termination through the second anniversary of such date. 
 In the
event that any health insurance coverage provided under this Section 3.3(f) is subject to federal, state, or local income or employment taxes, or in the event that a lump sum payment is made in lieu of health insurance coverage under
Section 3.3(f)(ii), Company shall provide Executive with an additional payment in the amount necessary such that after payment by the Executive of all such taxes (calculated after assuming the Executive pays such taxes for the year in which the
payment or benefit occurs at the highest marginal tax rate applicable), including the taxes imposed on the additional payments, the Executive effectively received coverage on a tax free basis or retains a cash amount equal to the health insurance
cash payments provided pursuant to this Section 3.3(f)(ii). Any such additional payment for taxes shall be made by the end of the Executive’s tax year next following the Executive’s tax year in which the coverage under this
Section 3.3(f) is includable in the Executive’s income. 
  

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 3.4 Termination for Total and Permanent Disability. Following a Change in Control, if the
Executive’s employment is terminated with the Company due to Disability, the Company shall pay the Executive all amounts described in Section 3.3(a) and (b) herein through the Effective Date of Termination. All other benefits due
Executive shall be determined in accordance with the Company’s retirement, insurance, and other applicable plans and programs then in effect. 
 3.5 Termination Due to Death. Following a Change in Control, if the Executive’s employment with the Company is terminated by reason of death, the Company shall pay the Executive’s estate all amounts described in
Section 3.3(a) and (b) herein through the Effective Date of Termination. All other benefits due Executive shall be determined in accordance with the Company’s retirement, survivor’s benefits, insurance, and other applicable
programs then in effect. 
 3.6 Termination for Cause or by the Executive Other Than for Good Reason. Following a Change in Control, if
the Executive’s employment is terminated either: (i) by the Company for Cause; or (ii) voluntarily by the Executive for reasons other than as specified in Section 3.2(b) herein, the Company shall pay the Executive all amounts
described in Section 3.3(a) and (b) herein through the Effective Date of Termination, plus all other amounts to which the Executive is entitled under any compensation plans of the Company at the time such payments are due, and the Company
shall have no further obligations to the Executive under this Plan. 
 3.7 Notice of Termination. Any termination of the Executive’s
employment by the Company for Cause or by the Executive for Good Reason shall be communicated by Notice of Termination to the other party. 
 Article 4. Restrictive Covenants 
 During the term of this Plan and for the applicable period specified in the Restrictive Covenant
Agreement, Executive shall comply with all terms of the Restrictive Covenant Agreement. In the event Executive fails to comply with any of the Restrictive Covenant Agreement terms, Executive’s participation in this Plan and Executive’s
benefits due hereunder shall automatically terminate and any benefits previously received under this Plan shall immediately be returned back to the Company. 
 Article 5. Excise Taxes 
 5.1 Reduction in Benefits to Avoid Excise Taxes. If the Executive
becomes entitled to Severance Benefits under this Plan, or benefits under any other agreement with or plan of the Company (in the aggregate, the “Total Payments”), and if all or any part of the Total Payments will be subject to the tax
(the “Excise Tax”) imposed by Section 4999 of the Code (or any similar tax that may hereafter be imposed), the Executive’s Severance Benefits under this Plan shall be reduced to the maximum amount that may be paid without
incurring the Excise Tax. If the Severance Benefits become subject to such a reduction, the amount due to the Executive under Section 3.3(c) shall first be reduced; thereafter, the Committee shall determine how the remainder of the Severance
Benefits shall be reduced. Notwithstanding the above, if the net amount expected to be retained by the Executive after income and other taxes are paid on the reduced Severance Benefits is less than the amount the Executive would have retained
without the reduction described in this paragraph, then there shall be no reduction in the Severance Benefits under this Plan for the purpose of avoiding the Excise Tax. 
  

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 5.2 Tax Computation. In determining the potential impact of the Excise Tax, the Company may rely on
any advice it deems appropriate, including, but not limited to, the counsel of its independent auditors. All calculations for purposes of determining whether any of the Total Payments will be subject to the Excise Tax and the amounts of such Excise
Tax will be made in accordance with applicable rules and regulations under Section 280G of the Code in effect at the relevant time. 
 5.3 Subsequent Recalculation. If the Internal Revenue Service adjusts the computation of the Company so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount
necessary to make the Executive whole, plus a market rate of interest, as reasonably determined by the Committee. 
 Article 6. Contractual
Rights and Legal Remedies 
 6.1 Payment Obligations Absolute. The Company’s obligation to make the payments and the arrangements
provided for herein shall be absolute and unconditional, and shall not be affected by any circumstances including, without limitation, any offset, counterclaim, recoupment, defense, or other right which the Company may have against the Executive or
anyone else. All amounts payable by the Company hereunder shall be paid without notice or demand. 
 The Executive shall not be obligated to
seek other employment in mitigation of the amounts payable or arrangements made under any provision of this Plan, and the obtaining of any such other employment shall in no event effect any reduction of the Company’s obligations to make the
payments and arrangements required to be made under this Plan, except to the extent provided in Section 3.3(f) herein. 
 6.2
Contractual Rights to Benefits. This Plan establishes and vests in the Executive a contractual right to the benefits to which he is entitled hereunder. However, nothing herein contained shall require or be deemed to require, or prohibit or be
deemed to prohibit, the Company to segregate, earmark, or otherwise set aside any funds or other assets, in trust or otherwise, to provide for any payments to be made or required hereunder. 
 6.3 Arbitration. The Executive shall have the right and option to elect (in lieu of litigation) to have any dispute or controversy arising under or
in connection with this Plan settled by arbitration, conducted before a panel of three (3) arbitrators sitting in a location selected by the Executive within fifty (50) miles from the location of his or her job with the Company, in
accordance with the rules of the American Arbitration Association then in effect. The Executive’s election to arbitrate, as herein provided, and the decision of the arbitrators in that proceeding, shall be binding on the Company and the
Executive. Judgment may be entered on the award of the arbitrator in any court having jurisdiction. 
  

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 6.4 Legal Fees and Expenses. The Company shall pay all reasonable legal fees, costs of litigation,
costs of arbitration, prejudgment interest, and other expenses which are incurred in good faith by the Executive as a result of the Company’s refusal to provide the benefits to which the Executive becomes entitled under this Plan, or as a
result of the Company’s (or any third party’s) contesting the validity, enforceability, or interpretation of the Plan, or as a result of any conflict between the parties pertaining to this Plan; provided, however, that if the court (or
arbitration panel, as applicable) determines that the Executive’s claims were arbitrary and capricious, the Company shall have no obligation hereunder. 
 Article 7. Successors 
 7.1 Successors to the Company. The Company shall require any
successor (whether direct or indirect, by purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation, or otherwise) of all or a significant portion of the assets of the Company by agreement, in form and substance
satisfactory to the Executive, to expressly assume and agree to perform this Plan in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. Regardless of whether such agreement is
executed, this Plan shall be binding upon any successor in accordance with the operation of law and such successor shall be deemed the “Company” for purposes of this Plan. 
 7.2 Assignment by the Executive. This Plan shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs,
distributees, devisees, and legatees. If the Executive dies while any amount would still be payable to him hereunder had he continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of
this Plan to the Executive’s devisee, legatee, or other designee, or if there is no such designee, to the Executive’s estate. 
 Article 8. Miscellaneous 
 8.1 Employment Status. This Plan is not, and nothing herein shall be deemed to create, an employment
contract between the Executive and the Company or any of its subsidiaries. The Executive acknowledges that the rights of the Company remain wholly intact to change or reduce at any time and from time to time his compensation, title,
responsibilities, location, and all other aspects of the employment relationship, or to discharge him prior to a Change in Control (subject to such discharge possibly being considered a Qualifying Termination pursuant to Section 3.2).

 8.2 Entire Plan. This Plan contains the entire understanding of the Company and the Executive with respect to the subject matter
hereof. In addition, the payments provided for under this Plan in the event of the Executive’s termination of employment shall be in lieu of any severance benefits payable under any severance plan, program, or policy of the Company to which the
Executive might otherwise be entitled. 
 8.3 Notices. All notices, requests, demands, and other communications hereunder shall be
sufficient if in writing and shall be deemed to have been duly given if delivered by hand or if sent by registered or certified mail to the Executive at the last address he has filed in writing with the Company or, in the case of the Company, at its
principal offices. 
 8.4 Conflicting Plans. This Plan completely supersedes any and all prior change-in-control agreements or
understandings, oral or written, entered into by and between the Company and the Executive, with respect to the subject matter hereof, and all amendments thereto, in their entirety. Further, the Executive hereby represents and warrants to the
Company that his entering into this Plan, and

  

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the obligations and duties undertaken by him hereunder, will not conflict with, constitute a breach of, or otherwise violate the terms of, any other employment or other agreement to which he is a
party, except to the extent any such conflict, breach, or violation under any such agreement has been disclosed to the Board in writing in advance of the signing of this Plan. 
 8.5 Includable Compensation. Severance Benefits provided hereunder shall not be considered “includable compensation” for purposes of determining the Executive’s benefits under any
other plan or program of the Company unless otherwise provided by such other plan or program. 
 8.6 Tax Withholding. The Company shall
withhold from any amounts payable under this Plan all federal, state, city, or other taxes as legally required to be withheld. 
 8.7
Internal Revenue Code Section 409A. Notwithstanding anything under the Plan to the contrary, any distributions of nonqualified deferred compensation (as defined under Code Section 409A) to a specified employee (as defined under Code
Section 409A and as further defined by the Compensation and Leadership Committee of the Board) on account of separation from service that would otherwise be due during the period beginning on the date of separation of service and ending six
months following separation from service (the “delay period”) shall be paid on the first business day following the end of the delay period. Furthermore, the Company shall, to the extent necessary and only to the extent necessary, modify
the timing of delivery of Severance Benefits if it is determined that the timing would subject the Severance Benefits to the additional tax and/or interest assessed under Code Section 409A. In such event, such payments shall occur as soon as
practicable without causing such payment to trigger tax penalty under Code Section 409A. 
 8.8 Severability. In the event any
provision of this Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been
included. Further, the captions of this Plan are not part of the provisions hereof and shall have no force and effect. 
 Notwithstanding any
other provisions of this Plan to the contrary, the Company shall have no obligation to make any payment to the Executive hereunder to the extent, but only to the extent, that such payment is prohibited by the terms of any final order of a federal or
state court or regulatory agency of competent jurisdiction; provided, however, that such an order shall not affect, impair, or invalidate any provision of this Plan not expressly subject to such order. 
 8.9 Modification. Provisions of this Plan may be modified or waived by the Company; provided, however, that during the period beginning on the date
of the Change in Control and ending on the second anniversary of such Change in Control, no provision of this Plan may be modified or waived unless such modification or waiver is agreed to in writing and signed by the affected Executives then
covered by the Plan and by a member of the Compensation and Leadership Committee of the Board, as applicable, or by the respective parties’ legal representatives or successors; provided further that any modification or waiver occurring during
the twelve (12) months immediately prior to the Change in Control shall be deemed null and void unless such modification or waiver is agreed to in writing and signed by the affected Executive’s then covered by the Plan and by a member of
the Compensation and Leadership Committee of the Board, as applicable, or by the respective parties’ legal representatives or successors. Modifications or waivers agreed to in writing may affect only those Executives who have signed such
modification or waiver. 
 8.10 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein
shall include the feminine; the plural shall include the singular and the singular shall include the plural. 
 8.11 Applicable Law. To
the extent not preempted by the laws of the United States, the laws of Delaware shall be the controlling law in all matters relating to this Plan without giving effect to principles of conflicts of laws. 
  

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 IN WITNESS WHEREOF, the Company has executed this Plan on this
             day of November, 2009. 
  

			
	ATTEST
	
	Hewitt Associates, Inc.
	
	 
	By:	 	

  

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 Appendix A—Covered Executives 
 [Names Omitted]Form of Fiscal Year 2009 Restricted Stock Unit Award Agreement

 Exhibit 10.36 
 Hewitt 
 Restricted Stock Unit Award Agreement (US) 
 Congratulations on your selection as a Participant in the Hewitt Associates, Inc. Global Stock and Incentive Compensation Plan (the “Plan”). This
Award Agreement and the Plan together govern your rights under the Plan and set forth all of the conditions and limitations affecting such rights. Capitalized terms used in this Award Agreement shall have the meanings ascribed to them in the Plan or
in this Award Agreement. If there is any inconsistency between the terms of this Award Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Award Agreement. For purposes of this
Agreement, “Hewitt” means the Company, its Affiliates, and/or its Subsidiaries. 
 This Award Agreement refers to awards which are
granted in the form of Restricted Stock Units (“Units”). 
 Overview of Your Restricted Stock Unit Award 
  

	1.	Date of Award: The Date of Award is the date you were awarded the Units as set forth in the personal statement accompanying the Award (“Date of
Award”). 

  

	2.	Vesting Period: The Units shall vest in accordance with the schedule set forth in the personal statement accompanying the Award. 

 All restrictions shall lapse and the Units shall become one hundred percent (100%) vested upon your termination of employment due to
death, provided you have continued in the employment of Hewitt through your date of death. 
 If you change your employment
status from a full-time Employee to a part-time Employee, you will continue to vest in your Award if you work at least sixty percent (60%) of Hewitt’s Standard Work Time during the applicable Annual Vesting Period. If you work less than
sixty percent (60%) of Hewitt’s Standard Work Time in an Annual Vesting Period, you will forfeit the portion of the Award related to such Annual Vesting Period. For purposes of this Award Agreement, “Standard Work Time” means
forty (40) hours per week; provided, however, allowable time off (including, but not limited to, holidays and vacation) is included when calculating the forty (40) hours per week. For purposes herein, “Annual Vesting Period”
means the one-year period prior to each vesting date set forth in the personal statement accompanying the Award. 
 If you take a
leave of absence (i) for medical reasons (as determined in accordance with Hewitt’s disability plans—meaning you qualify for Disability benefits/salary continuation benefits), or (ii) in compliance with any state or federal
family or medical leave law which requires Hewitt to continue to provide benefits under all Hewitt benefit plans, or (iii) which does not exceed twelve (12) weeks, you will continue to vest in your Award. If you take a leave of absence in
excess of twelve (12) weeks (excluding allowable time off which includes, but is not limited to, holidays and vacation) during which you do not qualify for Disability benefits/salary continuation benefits or during which Hewitt is not required
to continue to provide benefits under all Hewitt benefit plans (except for military service as described in the next sentence of this paragraph) during any Annual Vesting Period, you will forfeit the portion of the Award related to such Annual
Vesting Period. Notwithstanding anything herein to the contrary, if you take a leave of absence for any service, voluntary or involuntary, in the Armed Forces of the United States, you will continue to vest in your Award. “Disability” for
purposes of this Award Agreement, shall mean disability pursuant to the standards set forth in the Hewitt Associates LLC long-term disability plan. 
  

	3.	Termination of Employment for Other Reasons: In the event that your employment with Hewitt terminates for any reason other than those reasons set forth in
Paragraph 2, all unvested Units you hold at the time of your employment termination shall be forfeited to the Company. 

  

	4.	 Removal of Restrictions: As Units vest in accordance with Paragraphs 2, 6 and 7, the Units will be converted to Shares pursuant to this Award
Agreement and shall become freely transferable. The Shares will be delivered to you by the Company as soon as practicable following the end of the applicable Vesting Period, but in no event shall delivery occur after the date which occurs 2  1/2 months after the end of the calendar year in which
the Shares vest or 2  1/2 months following the end
of the Company’s Fiscal Year in which the Shares vest, whichever is later. 

  

	5.	Voting Rights and Dividends: During the Vesting Period, you will not be able to exercise any voting rights with respect to the unvested Units but you shall
receive a cash payment equal in value and paid at the same time owners of Shares receive dividends and other distributions paid with respect to a corresponding number of Shares. 

  

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	6.	Change in Control: In the event of a Change in Control, all restrictions on the transferability of outstanding Awards of Units as set forth in this Award
Agreement shall immediately lapse, and thereafter such Units will be converted to Shares and shall be freely transferable, subject to applicable federal, state, and local, domestic or foreign, securities laws. Not withstanding the above, if the
Change in Control event is not considered a Change in Control under Section 409A and if the award is subject to Section 409A then the award or its cash equivalent will continue to vest and be settled at its regularly scheduled time.

  

	7.	Sale of a Division: If there is a sale of a division of Hewitt and you are an Employee of such division whose employment by Hewitt is terminated as a result of
the sale of said division, or you remain employed by Hewitt after the sale of the division but are terminated by Hewitt (other than a termination for Cause) within twenty-four (24) months of the sale of said division, any Vesting Period imposed
on Units shall lapse upon your termination of employment. Such Units shall be converted into Shares and shall be freely transferable, subject to any applicable federal, state and local, domestic or foreign, securities laws. For purposes of this
Award Agreement, “Cause” means: 

  

	 	(i)	Willful and continued failure to substantially perform your duties with Hewitt after a written demand for substantial performance is delivered to you that specifically
identifies the manner in which Hewitt believes that you have willfully failed to substantially perform your duties, and after you have failed to resume substantial performance of your duties on a continuous basis within thirty (30) calendar
days of receiving such demand; 

  

	 	(ii)	Willful engagement in conduct (other than conduct covered under (i) above) which is injurious to Hewitt, monetarily or otherwise; 

  

	 	(iii)	Breach of any fiduciary duty owed to Hewitt including without limitation, engaging in directly competitive acts while employed by Hewitt; or 

 

	 	(iv)	Conviction of, or plea of guilty or nolo contendere to, a felony. 

 For purposes of clauses (i) and (ii) of this definition, no act, or failure to act, on your part shall be deemed “willful” unless done, or omitted to be done, by you not in good faith
and without reasonable belief that the act, or failure to act, was in the best interests of Hewitt. 
  

	8.	Nontransferability: During the Vesting Period, Units awarded pursuant to this Award Agreement may not be transferred other than by will or by the laws of descent
and distribution, except as provided in the Plan. If any transfer, whether voluntary or involuntary, of Units is made, or if any attachment, execution, garnishment, or lien shall be issued against or placed upon the Units, your right to such Units
shall be immediately forfeited to the Company, and this Award Agreement shall lapse. 

  

	9.	Requirements of Law: The awarding of Units under the Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any
governmental agencies or national securities exchanges as may be required. 

  

	10.	Tax Withholding: Regardless of any action Hewitt and/or your employer (the “Employer”) takes with respect to any or all applicable federal, state, and
local (domestic and foreign) taxes, social insurance contributions, payroll taxes, or other related tax withholding (“Tax-Related Items”) related to your participation in the Plan and legally applicable to you or deemed by Hewitt or the
Employer to be an appropriate charge to you even if technically due by Hewitt or the Employer, you acknowledge that the ultimate liability for all Tax-Related Items is and remains your responsibility (or that of your beneficiary) and may exceed the
amount actually withheld by Hewitt or the Employer. You further acknowledge that Hewitt and/or the Employer: (a) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the grant
of Units, including the grant or vesting of Units, the subsequent sale of Shares acquired pursuant to such vesting and the receipt of any dividends and/or dividend equivalents; and (b) do not commit to and are under no obligation to structure
the terms of the grant or any aspect of the Units to reduce or eliminate your (or your beneficiary’s) liability for such Tax-Related Items or achieve any particular tax result. Further, if you have become subject to tax in more than one
jurisdiction between the date of grant and the date of any relevant taxable event, you acknowledge that Hewitt and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one
jurisdiction. 

 Prior to any relevant taxable or tax withholding event (federal, state, and local, domestic or
foreign, required by law or regulation) arising as a result of this Award Agreement, you (or your beneficiary) shall pay or make adequate arrangements satisfactory to Hewitt or the Employer, to satisfy all Tax-Related Items. In this regard, you
authorize Hewitt and/or the Employer, or their respective agents, at their discretion and pursuant to such procedures as Hewitt may specify from time to time, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of
the following: 
  

	 	(i)	withholding from any wages or other cash compensation paid to you by Hewitt and/or the Employer; 

  

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	 	(ii)	withholding otherwise deliverable Shares to be issued upon vesting/settlement of the Units; or 

  

	 	(iii)	withholding from the proceeds of the sale of Shares acquired upon vesting/settlement of the Units either through a voluntary sale or through a mandatory sale arranged
by Hewitt (on your behalf pursuant to this authorization). 

 To avoid negative accounting treatment, Hewitt may
withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts as described in Paragraph 11 of this Award Agreement or other applicable withholding rates. You shall pay to Hewitt and/or the Employer any
amount of Tax-Related Items that Hewitt and/or the Employer may be required to withhold as a result of your participation in the Plan that cannot be satisfied by the means previously described. Hewitt may refuse to issue or deliver the Shares or the
proceeds of the sale of Shares, if you fail to comply with your obligations in connection with the Tax-Related Items as described in this Paragraph 10. 
  

	11.	Stock Withholding: With respect to withholding required upon any taxable event arising as a result of Units awarded hereunder, Hewitt, unless notified otherwise
by you in writing within thirty (30) days prior to the taxable event, will satisfy the withholding requirement by withholding Shares having a Fair Market Value equal to the total minimum statutory tax required to be withheld on the transaction,
unless prohibited by applicable law. Alternatively, or in addition, Hewitt may sell or arrange for the sale of Shares that you acquire to meet the withholding obligation. 

  

	12.	Administration: This Award Agreement and your rights hereunder are subject to all the terms and conditions of the Plan, as the same may be amended from time to
time, as well as to such rules and regulations as the Board may adopt for administration of the Plan. It is expressly understood that the Board is authorized to administer, construe, and make all determinations necessary or appropriate to the
administration of the Plan and this Award Agreement, all of which shall be binding upon you, the Participant. 

  

	13.	No Right to Future Grants; No Right of Employment or Continued Employment; Extraordinary Item: In accepting the grant, you acknowledge that: (a) the Plan is
established voluntarily by the Company, it is discretionary in nature and it may be modified, suspended or terminated by the Company at any time; (b) the grant is voluntary and occasional and does not create any contractual or other right to
receive future grants or benefits in lieu of future grants even if grants have been made repeatedly in the past; (c) all decisions with respect to future grants, if any, will be at the sole discretion of the Company; (d) your participation
in the Plan is voluntary; (e) the grant is an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to Hewitt and which is outside the scope of your employment contract, if any; (f) the
grant is not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or
retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for Hewitt; (g) this grant shall not confer upon you any right to continuation of employment
by Hewitt, nor shall this grant interfere in any way with the right of you or Hewitt to terminate your employment at any time; (h) the future value of the underlying Shares is unknown and cannot be predicted with certainty;
(i) notwithstanding any terms or conditions of the Plan to the contrary, in the event of involuntary termination of your employment, your right to receive Awards and vest in Awards under the Plan, if any, will terminate effective as of the date
that you are no longer actively employed and will not be extended by any notice period mandated under any federal, state, provincial, or local law (including but not limited to the Worker Adjustment and Retraining Notification Act); (j) Hewitt
is not providing any tax, legal or financial advice, nor is Hewitt making any recommendations regarding your participation in the Plan or your acquisition or sale of the underlying Shares; and (k) you are hereby advised to consult with your own
personal tax, legal and financial advisors regarding your participation in the Plan before taking any action related to the Plan. 

  

	14.	Employee Data Privacy: You hereby explicitly and unambiguously consent to the collection, use and transfer, in electronic or
other form, of your personal data as described in this Award Agreement and any other Restricted Stock Unit grant materials by and among, as applicable, the Employer and Hewitt for the exclusive purpose of implementing, administering and managing
your participation in the Plan. 

 You understand that Hewitt and the Employer may hold certain
personal information about you, including, but not limited to, your name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any Shares or directorships held in
Hewitt, details of all Units or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in your favor, for the purpose of implementing, administering and managing the Plan (“Data”). 

You understand that Data may be transferred to any third parties assisting Hewitt with the implementation, administration and
management of the Plan. You understand the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country may have different data privacy laws and protections than your country. You understand that you
may request a list with the names and addresses of any potential recipients of the Data by contacting your local human 

  

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resources representative. You authorize Hewitt and the recipients which may assist Hewitt (presently or in the future) with implementing, administering and managing the Plan to receive,
possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing your participation in the Plan. You understand that Data will be held only as long as is necessary to
implement, administer and manage your participation in the Plan. You understand that you may refuse or withdraw the consents herein by contacting in writing your local human resources representative. You understand, however, that refusing or
withdrawing your consent may affect your ability to participate in the Plan. For more information on the consequences of your refusal to consent or withdrawal of consent, you understand that you may contact your local human resources representative.

  

	15.	Amendment to the Plan: The Board may terminate, amend, or modify the Plan; provided, however, that no such termination, amendment, or modification of the Plan
may in any way adversely affect your rights under this Award Agreement, without your written approval or cause the settlement of any portion of your Award that is considered deferred compensation subject to Section 409A of the Code to be
accelerated unless such acceleration does not result in penalties under Section 409A of the Code. Notwithstanding any provision in this Award Agreement to the contrary, the Board reserves the right, to the extent the Board deems necessary or
advisable in its sole discretion, to unilaterally amend or modify the Plan, the Award Agreement and/or your personal statement to ensure that all Awards made to Participants who are United States taxpayers are made in such a manner that either
qualifies for exemption from or complies with Section 409A; provided; however, that the Company makes no representations that the Plan or this Award Agreement will be exempt from or comply with Section 409A and makes no undertaking to
preclude Section 409A from applying to the Plan or any Award Agreement granted thereunder. 

  

	16.	Successor: All obligations of the Company under the Plan and this Award Agreement, with respect to the Units, shall be binding on any successor to the Company,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

  

	17.	Applicable Laws and Consent to Jurisdiction: The validity, construction, interpretation, and enforceability of this Award Agreement shall be determined and
governed by the laws of the State of Illinois without giving effect to the principles of conflicts of law. For the purpose of litigating any dispute that arises under this Award Agreement, the parties hereby consent to exclusive jurisdiction and
agree that such litigation shall be conducted in the federal or state courts of the State of Illinois. 

  

	18.	Severability: The provisions of this Award Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in
whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

  

	19.	Electronic Delivery: Hewitt may, in its sole discretion, decide to deliver any documents related to the Units or future Awards made under the Plan by electronic
means or request your consent to participate in the Plan by electronic means. You hereby consent to receive such documents by electronic delivery and agree to participate in the Plan through an on-line or electronic system established and maintained
by Hewitt or a third party designated by Hewitt. 

  

	20.	Imposition of Other Requirements: Hewitt reserves the right to impose other requirements on your participation in the Plan, on the Units and on any Shares
acquired under the Plan, to the extent Hewitt determines it is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require you to sign any additional agreements or undertakings that may be
necessary to accomplish the foregoing. 

  

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