Exhibit 10.2
17 December 2007 Telephone 020 7488 8111
Fax 020 7488 8882
Website www.willis.com
Direct Line 020 7860 9327
Direct Fax 020 7481 7132
E-mail sztukas@willis.com
PRIVATE & CONFIDENTIAL
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Tim Wright
5 Nassington Road
Hampstead
London NW3 2TX
Dear Mr. Wright,
REVISED LETTER
Further to recent discussions, I am very pleased to offer you the position of
Group Chief Operating Officer, reporting to Grahame Millwater (or his successor
in his role or the Group Chairman & CEO), within the Global Group Management
Division of Willis Limited.
Upon joining, you will be appointed as a member of the Group's Executive
Committee.
In addition to the main terms and conditions contained in the enclosed Contract
of Employment, the following will apply:
1) Your annual salary will be (pound)405,000 paid monthly in arrears.
Your salary will be reviewed annually and any increase to your salary
will be effective when annual adjustments are normally processed, in
accordance with the Group's Compensation Review process. Currently,
the Group's common review date is 1 April.
2) Your job grade will be 14.
3) You will be eligible to participate in the Willis Annual Incentive
Plan (AIP).
The AIP is designed to drive and energize Group and Business Unit EBIT
performance to meet/exceed business targets, so that bonus pools will
only be generated once the prior year's EBIT performance has been met
and exceeded. The AIP Plan Year is defined as the Company's referenced
fiscal year, that being 1 January to 31 December.
The Group reserves the right to pay a portion of any AIP bonus in a
long term incentive instrument, such as restricted stock or options,
at the time bonuses are distributed.
Willis Group Services Ltd
Ten Trinity Square
London
EC3P 3AX
Registered office Ten Trinity Square,
London EC3P 3AX. Registered number
1451456 England and Wales.
As a participant in the AIP, there is no guarantee of a bonus (unless
otherwise stated for specific Plan years). Any bonus award will only be
made if you are employed by Willis at the time the bonus awards are due for
payment, typically the first quarter following the Plan Year. Please note
that if you have joined part way through a Plan Year then any award will be
pro-rated to reflect your service in the Plan Year and all bonus decisions
are made at the discretion of the Group.
Under the 2008 Annual Incentive Plan, you will receive a guaranteed minimum
bonus award of (pound)600,000, payable fully in cash on 1 April 2009. In
addition, under the 2009 Annual Incentive Plan, you will be entitled to
receive a guaranteed minimum bonus award of (pound)400,000, payable on 1
April 2010.
For the 2008 and 2009 AIP bonus awards (payable respectively on 1 April
2009 and 1 April 2010), the minimum amounts will be paid to you in full,
provided you are employed by the Company at the time of payment. In all
events other than those of gross misconduct, you will be eligible to
receive a pro-rata portion of the bonus award for the time you were
actively employed by the Company.
4) Willis Partners Portfolio Plan: You will be granted an option two hundred
thousand (200,000) shares of common stock of Willis Group Holdings Limited
("Shares") in accordance with the Willis Partners Portfolio Plan ("WPPP"),
a share programme of the Amended and Restated Willis Group Holdings Limited
2001 Share Purchased and Option Plan (the "Plan"), as may be amended from
time to time.
The option will be granted on the first date that members of the Willis
Group Executive Committee are able to deal in the Company's Shares, in
accordance with the Company Policy for Dealing in Securities on or
following your date of employment ("Grant Date"). The option price
applicable will be equal to the closing market price of the Shares on the
New York Stock Exchange on that day.
As long as you continue to be employed by the Company, the option will vest
and become exercisable, twenty-five percent (25%) per year over a four (4)
year period beginning on the first anniversary of the Grant Date. In other
words, 25% will be vested after a year's employment, 50% after two years,
75% after three years and 100% after four years' of continuous employment.
You will receive further details of the WPPP and Plan including an Option
Acceptance Form which you will need to complete to accept the grant. You
must complete the Option Acceptance Form within thirty (30) days after you
receive the documentation, or the option may lapse.
5) The Company agrees to direct any contributions to which you would become
entitled to receive under the Willis Stakeholder Pension Scheme into your
personal SIPP. For purposes of this arrangement, the Company agrees to
contribute an amount equal to ten (10) percent of your gross annual salary,
capped at the Schemes Earnings Cap of (pound)112,800. Please note that the
Schemes Earnings Cap is reviewed on an annual basis in April, and any
adjustments to the Cap would be made to the contributions the Company is
making on your behalf. Additionally, the Company will also direct an amount
of money equal to the standard car allowance at a Grade 14 level into your
personal SIPP. At present, this amount is equal to (pound)7,332 per annum.
All contributions will be directed to your SIPP on a monthly basis in equal
installments, provided you have put forward details as to where the monies
should be directed.
For your information, details of the pension and life assurance benefits
that the Scheme will provide will be sent to you under separate cover.
While all Associates are automatically enrolled in the Scheme upon joining,
the Company will opt you out of the Scheme. Please note that the Company
will ensure that you are enrolled in a life assurance benefit at the levels
to which you would normally be entitled if you were not opted out of the
Scheme. If you have any queries, please contact the Willis Pensions Team on
01473 223836 or email pensions@willis.com.
Please note, your salary exceeds the Scheme Earnings Cap of (pound)112,800.
Contributions and your life assurance benefit will be calculated with
reference to the Scheme Earnings Cap.
6) You will be eligible to join the Willis Group Medical Plan which provides
single cover (Silver) for all Associates who opt to join the Plan. This
will constitute a taxable benefit.
You will also have the option to buy increased cover to include family
members and/or increase the benefit level. Further details are enclosed.
Please complete the Registration Form for the level of cover you require
and return to me. Cover will commence when you receive confirmation from
the Plan Administrators.
If you do not join the Plan within one month of commencing employment your
next opportunity to join will be at renewal.
7) After two years service at grade 14 or above, you will be required to have
the first of your biennial medical examinations at the Company's expense.
Our Occupational Health Department will contact you when this becomes due.
8) When you join Willis you may have an immediate salary advance to purchase a
quarterly season ticket for travel between the office and your home. The
amount advanced to you will be deducted in three equal payments from your
salary. Please complete the enclosed application form and hand to your HR
contact on your first day to enable us to issue you with a travel warrant
which you use to purchase your season ticket at the relevant ticket office.
After 3 month's service you may apply for an annual season ticket advance.
If you wish arrangements to be made to take over an existing season ticket
balance from your current employer, please provide telephone and postal
details of the relevant contact, together with details of the total
outstanding balance. You will also need to complete the enclosed
application form to authorize deductions from your salary.
9) When you join Willis, you will be eligible to join the Childcare Voucher
Scheme within your first month of employment with Willis. Your voucher
start date will commence from the 1st of the month following the date of
joining the scheme.
Further details of the scheme can be found in the enclosed Childcare
Voucher Scheme information sheet. If you wish to join the scheme, please
complete the enclosed Registration Form and return to me.
Please note if you do not join the scheme within one month of commencing
employment your next opportunity to join will be at renewal.
10) In order to provide a healthy working environment, smoking is prohibited in
all UK offices.
This offer and your employment are subject to:
a. Your acceptance of the conditions contained in this letter, the
enclosed Contract of Employment and the Associate Handbook Summary.
b. You providing the Company with evidence of your entitlement to work in
the UK. The evidence required is your valid passport and any
supporting documentation you may have. The Company is required under
the Immigration Act to see and photocopy this documentation before you
commence work.
c. Receipt of references satisfactory to the Company. As agreed, the
Company is satisfied that the formal process against this requirement
is unnecessary given the current relationship in place.
d. Receipt of medical details which are satisfactory to the Company.
Please complete the enclosed Medical Questionnaire and return it to
the Occupational Health Department, London in the stamped addressed
envelope provided.
e. You providing the Company with evidence of all relevant professional
qualifications and the highest academic qualification that you have
quoted on your application form, in your CV or verbally during the
selection process. It is group policy and a requirement of our
regulatory body that we obtain evidence of your competence to be
employed in the capacity offered, for this reason, we reserve the
right to invoke the Disciplinary Procedure if you do not fulfill this
requirement. The Company agrees to obtain these on your behalf upon
receipt of the appropriate details pertaining to your degree(s).
f. All representations, whether oral or in writing, made by you when
applying for this position about your qualifications, experience and
other material matters being true and correct.
g. You not having deliberately failed to disclose any matter that may
have influenced the Company's decision to employ you.
h. You passing the Lloyds and London Market Introductory Test, if you
have not already done so, within 15 months of the start of your
employment with Willis. We reserve the right to invoke the Performance
Improvement process if you do not fulfill this requirement. We will
allow you reasonable time off to study for an complete the test
i. You passing the Insurance Essentials Training within six months of the
start of your employment with Willis. Please note that this training
is Willis specific and must be completed by all associates. You will
be provided with appropriate support to achieve this, and the Company
reserves the right to invoke the Performance Improvement Procedure if
you do not fulfill this requirement.
Insurance Essentials is an e-learning training programme which
develops and tests your basic knowledge of the Insurance Industry and
environment in which we operate. It is comprised of a number of
modules and lasts approximately four hours, and forms a major part of
our regulatory requirements to constantly maintain the competence of
our Associates.
j. You will also be required to attend a full pre-employment medical.
Therefore, I should be grateful if you would contact Rood Lane Medical
Centre on 0207 377 4646 to arrange a convenient appointment. Would you
please ensure that your pre-employment Medical Questionnaire is
returned to our Occupational Health Department at least two days
before contacting Rood Lane.
Please note it is Willis Group policy that all prospective and new employees
fully observe their duties and obligations to prior employers and other third
parties under contracts of employment and/or other agreements. In particular,
Willis does not condone the removal, copying or retaining of confidential
information of any former employer and any such conduct may result in
disciplinary action. Willis also expects prospective and new employees to
observe valid restrictive covenants whilst they remain in effect. If you have
any concerns or doubts as to your obligations, please contact the Willis HR or
Legal Departments.
I hope that you will accept this offer of employment and would be grateful if
you could sign and return both copies of the Contract of Employment to me as
soon as possible, including a note of your National Insurance Number. At the
same time would you please also complete and return the enclosed application
form. Due to the nature of our induction programme (details of which will be
provided in due course), we request that you commence employment with us on a
Monday and we would be grateful if you could confirm the exact date on which you
can join us.
Please note, this offer remains valid for 30 working days from the date of issue
of this letter. If you are unable to respond within this period, please contact
me to discuss any appropriate extension. One copy of the Contract will be
returned to you for your own records.
In the event of any discrepancies between this offer letter and your Contract of
Employment or any other documentation related to your employment (including but
not limited to WPPP), this offer letter will prevail.
If you have any queries regarding the offer, please do not hesitate to contact
me on the above direct line.
I hope you enjoy working with us.
Yours sincerely,
Susan Andrea Sztuka
Group HR Director
Human Resources
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Willis
REVISED
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 17 December 2007 and is between
Name Tim Wright
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 1 September 2008
Employment Begins:
Date Continuous 1 September 2008
Employment Begins:
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: Group Chief Operating 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. It is not envisaged that any such
transfer will affect your status as a member of the
Executive Committee.
Location: 51 Lime Street, 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: (pound)405,000 per annum
Your salary will be paid monthly in arrears by direct
transfer to your bank account. Your salary will be reviewed
annually.
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 During your working hours you must devote the whole of your
Obligations: 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, other than with written permission of
your line manager.
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, You must promptly disclose to the Company all ideas,
Inventions concepts, works, methods, discoveries, improvements,
and Patents 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.
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 and
materially 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 directly and materially
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.
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 Company agrees to direct any contributions to which you
would become entitled to receive under the Willis
Stakeholder Pension Scheme into your personal SIPP. For
purposes of this arrangement, the Company agrees to
contribute an amount equal to ten (10) percent of your gross
annual salary, capped at the Schemes Earnings Cap of
(pound)112,800. Please note that the Schemes Earnings Cap is
reviewed on an annual basis in April, and any adjustments to
the Cap would be made to the contributions the Company is
making on your behalf. Additionally, the Company will also
direct an amount of money equal to the standard car
allowance at a Grade 14 level into your personal SIPP. At
present, this amount is equal to (pound)7,332 per annum. All
contributions will be directed to your SIPP on a monthly
basis, provided you have put forward details as to where the
monies should be directed.
Willis will hold certain personal data about you (see the
section entitled `Data Protection') including your name,
address and date of birth and other information needed to
assist in the smooth running of the scheme. In accordance
with Willis' requirements under the Data Protection Act
1998, this information will only be available to Willis and
the provider of the scheme (currently Friends Provident
plc). It will only be used by them to calculate and provide
benefits and for the efficient running of the scheme.
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 The Company reserves the right to require you at any time to
Examination: submit yourself for examination by a doctor appointed by the
Company at the Company's expense. Additionally, after two
years service at grade 14 or above, you will be required to
have the first of your biennial medical examinations at the
Company's expense. Our Occupational Health Department will
contact you when this becomes due.
Holidays: Grades 1 - 8 inclusive 23 days per annum
Grade 9 and above 25 days per annum (excluding
bank and public holidays)
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 a) You may terminate your employment by giving written
Employment: 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 and above - 6 months
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 and above - 6 months
c) This agreement will automatically terminate on your
65th birthday. 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
consistent with your status and standing in the
Company;
iii) Withdraw any powers invested in you or suspend or
vary any duties or responsibilities assigned
to you consistent with your status and
standing in the Company.
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.
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 You are required to comply with all reasonable requests,
Requirements: 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 There are no collective agreements in force that will affect
Agreements: your employment with the Group.
This Agreement (comprising this contract of employment and associated offer
letter) 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, the offer letter 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.
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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:
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