SEC Contract Filing

Filing Date: 2016-08-01

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>termsofemployment-portalat.htm
<DESCRIPTION>PORTALATIN LETTER AGREEMENT
<TEXT>
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<div><a name="s4697071f63d441debd2dfa2889a0daa3"></a></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="3"></td></tr><tr><td style="width:41%;"></td><td style="width:22%;"></td><td style="width:37%;"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;"><img src="logommc2015.jpg" style="height:47px;width:276px;"></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Daniel S. Glaser</font></div><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">President and Chief Executive Officer</font></div><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;font-weight:bold;">Marsh &amp; McLennan Companies, Inc.</font></div><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">1166 Avenue of the Americas</font></div><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">New York, New York 10036</font></div><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">212 345 4874 Fax 212 345 6676</font></div><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">dan.glaser@mmc.com</font></div><div style="padding-bottom:2px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">www.mmc.com</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div><a name="s389dbfe325cd4b35996c4c8f0a7abbb6"></a></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Exhibit 10.4</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Julio A. Portalatin</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">[Address]</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">[City, State Zip Code]</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Subject:</font><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;</font><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Terms of Employment</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Dear Julio:</font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">This second amendment to the Letter Agreement, dated November 21, 2013, between you and Marsh &amp; McLennan Companies, Inc. (the &#8220;</font><font style="font-family:Arial;font-size:11pt;font-style:italic;">Initial Letter Agreement</font><font style="font-family:Arial;font-size:11pt;">&#8221;), as amended on June 6, 2014 (the &#8220;</font><font style="font-family:Arial;font-size:11pt;font-style:italic;">First Amendment</font><font style="font-family:Arial;font-size:11pt;">&#8221; and, together with the Initial Letter Agreement, the &#8220;</font><font style="font-family:Arial;font-size:11pt;font-style:italic;">Letter Agreement</font><font style="font-family:Arial;font-size:11pt;">&#8221;) revises the terms and conditions of your employment by Mercer Consulting Group, Inc. The Letter Agreement will continue to govern your employment except as specified below: </font></div><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><table c