MMC Benefits Handbook
Eligible Bonus
An eligible bonus for coverage under the Long Term Disability Bonus Income Plan is an annual incentive bonus award granted through the Company's incentive compensation plans. The definition of eligible bonus includes amounts awarded for a performance year regardless of whether paid promptly following such award, or deferred to a future year, whether distributed in cash or shares of Marsh & McLennan Companies common stock, or whether denominated in cash, stock bonus units (SBUs), other equity-based awards, or any combination thereof.
The definition of eligible bonus excludes amounts that are not awarded as part of an annual incentive bonus award, such as long-term incentive compensation awards, sign-on bonuses, retention bonuses, non-recurring awards, one-time only special recognition awards, commission payments or commission-based incentive awards or awards based on Marsh & McLennan Companies common stock that are not a part of an annual incentive bonus award.
Despite the general rule above, an Operating Company may approve the inclusion of commission payments or commission-based incentive awards from US sales incentive plans as well as other variable compensation in the definition of an eligible bonus under the Long Term Disability Bonus Income Plan for the employees of that Operating Company. Any such approved inclusion of compensation in the definition of an eligible bonus will be uniformly applied to similarly-situated employees of that Operating Company. Marsh and Mercer have approved the inclusion of the following in the definition of eligible bonus under the Long Term Disability Bonus Income Plan.
Marsh
Mercer
  • Sales Compensation Incentive Plan (US SCIP)
  • PEMA Sales Compensation Incentive Plan
  • Marsh Prgrm & Franchise Practice
  • National Brokerage Producer Plan
  • Dovetail Marketing Representative Compensation Plan
  • ClearSight Sales Incentive Compensation Plan
  • Private Client Services VCP
  • Sales Referral Incentive
  • H&B Variable Compensation Plan (VCP)
  • EH&B Sales Plan
  • Investment Sales Plan
  • Talent Product Sales Plan – multi
  • MMX Large Market Sales Plan
  • Workday Sales Plan
  • Rainmaker Compensation Plan – North America
  • Sales Compensation Plan for Mercer Consulting Sales Professionals
  • H&B Producing Consultant Sales Plan
  • Consumer Association Sales Plan
  • Career Partner Plan
  • Private Clients Services VCP
  • Investment ART Sales Incentive Plan
For the purposes of the Long Term Disability Bonus Income Plan your eligible bonus is the higher of:
  • the eligible bonus that you received in the current calendar year with respect to the preceding performance year, or
  • the average of your eligible bonuses awarded by the Company for the three or fewer preceding performance years for which you were eligible for the Plan.