Attached files

file filename
EX-10.2 - FORM OF RSU AWARD APRIL 2016 - MARSH & MCLENNAN COMPANIES, INC.formofrsuawardapril-2016ex.htm
EX-32.1 - SECTION 1350 CERTIFICATIONS - MARSH & MCLENNAN COMPANIES, INC.mmc0630201610qex_321.htm
EX-31.2 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF FINANCIAL OFFICER - MARSH & MCLENNAN COMPANIES, INC.mmc0630201610qex_312.htm
EX-31.1 - RULE 13A-14(A)/15D-14(A) CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MARSH & MCLENNAN COMPANIES, INC.mmc0630201610qex_311.htm
EX-12.1 - STATEMENT RE COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES - MARSH & MCLENNAN COMPANIES, INC.mmc0630201610qex_121.htm
EX-10.5 - ZAFFINO LETTER AGREEMENT - MARSH & MCLENNAN COMPANIES, INC.termsofemployment-zaffinoe.htm
EX-10.4 - PORTALATIN LETTER AGREEMENT - MARSH & MCLENNAN COMPANIES, INC.termsofemployment-portalat.htm
EX-10.3 - BISCHOFF WAIVER AND RELEASE AGREEMENT - MARSH & MCLENNAN COMPANIES, INC.waiver-releaseagrmtaprilx2.htm
EX-10.1 - GLASER LETTER AGREEMENT - MARSH & MCLENNAN COMPANIES, INC.termsofemployment-glaserex.htm
10-Q - FORM 10-Q - MARSH & MCLENNAN COMPANIES, INC.mmc0630201610q.htm



Exhibit 10.6


Description of Compensation Arrangements for Independent Directors


Effective June 1, 2016, which will be the start of the Board’s annual pay cycle, Marsh & McLennan Companies, Inc. (the “Company”) will compensate its independent directors as follows:

Basic Annual Retainer. All independent directors will receive a basic annual retainer of $110,000.
 
Annual Stock Grant. On June 1 of each year, all independent directors will receive an annual grant of the Company’s common stock with a market value of $160,000 on the grant date.
 
Supplemental Annual Retainers for Audit and Compensation Committee Chairs. The chairs of the Board’s audit and compensation committees will each receive a supplemental annual retainer of $25,000.

Supplemental Annual Retainers for Committee Chairs. The chairs of the Board’s finance, directors and governance and corporate responsibility committees will each receive a supplemental annual retainer of $15,000.
 
Supplemental Annual Retainer for Non-Executive Chairman. The Board’s independent chairman will receive a supplemental annual retainer of $200,000.

Under the terms of the Company’s Directors’ Stock Compensation Plan, each director may elect to receive his or her basic annual retainer and any supplemental annual retainer in cash, common stock or a combination thereof.