The company said the Compensation Committee of its board amended the employment letter terms of Chief Executive Officer John Q. Doyle and Chief Financial Officer Mark C. McGivney on February 22, 2024.

1. 01

   The company said the Compensation Committee of its board amended the employment letter terms of Chief Executive Officer John Q. Doyle and Chief Financial Officer Mark C. McGivney on February 22, 2024.

2. 02

   The company said John Q. Doyle will receive an annual base salary of $1,500,000 starting April 1, 2024. He will be eligible for an annual bonus with a target of $3,750,000 starting with the 2024 performance year, and an annual long-term incentive award with a target value of $13,750,000 starting with the 2024 award.

3. 03

   Marsh McLennan said Mark C. McGivney will receive an annual base salary of $1,000,000 starting April 1, 2024. He will be eligible for an annual bonus with a target of $1,750,000 starting with the 2024 performance year, and a long-term incentive award with a target value of $3,000,000 starting with the 2024 award.

4. 04

   The company said the summary is qualified in its entirety by the letter agreement amendments, which were filed as Exhibit 10.1 (Doyle) and Exhibit 10.2 (McGivney) on February 22, 2024.

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