NON-COMPETITION AND NON-SOLICITATION AGREEMENTNon-Competition and Non-Solicitation Agreement • April 18th, 2024 • Marsh & McLennan Companies, Inc. • Insurance agents, brokers & service • New York
This Agreement is entered into in consideration of the Executive’s employment by the Company as President and Chief Executive Officer of Guy Carpenter effective as of January 1, 2022, the Company’s execution of the December 1, 2021 Agreement regarding his terms of employment, Executive’s eligibility for a discretionary bonus and other compensation as an employee of the Company, and Executive’s access to confidential information and trade secrets belonging to the Company. For the purposes of this Agreement, the term “Company” means Marsh McLennan and/or any corporation, partnership, joint venture, limited liability company, or other entity in which Marsh McLennan has a 10% or greater direct or indirect interest.
T +1 212 345 5000Terms of Employment • April 18th, 2024 • Marsh & McLennan Companies, Inc. • Insurance agents, brokers & service • New York
This letter agreement sets forth the terms of your continued employment by Guy Carpenter & Company LLC (“Guy Carpenter”) as its President and Chief Executive Officer effective as of January 1, 2022. This position reports to the Group President and Chief Operating Officer (the “Chief Operating Officer”) of Marsh & McLennan Companies, Inc. (“Marsh McLennan”, and together with its subsidiaries and affiliates, the “Company”). Your current principal work location is in New York, NY. The terms of this letter agreement are effective as of January 1, 2022.
T +1 212 345 5000Letter Agreement • April 18th, 2024 • Marsh & McLennan Companies, Inc. • Insurance agents, brokers & service
This first amendment to the Letter Agreement, dated December 1, 2021, between you and Marsh & McLennan Companies, Inc. (the “Letter Agreement”), revises the terms and conditions of your employment as President and Chief Executive Officer of Guy Carpenter & Company LLC (“Guy Carpenter”) and Vice Chair, Marsh McLennan. The Letter Agreement will continue to govern your employment except as specified below:
T +1 212 345 5000Terms of Employment • April 18th, 2024 • Marsh & McLennan Companies, Inc. • Insurance agents, brokers & service
This first amendment to the Letter Agreement, dated December 1, 2021, between you and Marsh & McLennan Companies, Inc. (the “Letter Agreement”), revises the terms and conditions of your employment as President and Chief Executive Officer of Marsh and Vice Chair, Marsh McLennan. The Letter Agreement will continue to govern your employment except as specified below:
