MMC Benefits Handbook
Amendment and Termination of the Plan
The Company may at any time amend the Plan, retroactively or otherwise, in any respect or terminate the Plan. However, no such amendment or termination shall reduce any Supplemental Savings & Investment Plan participant's benefit determined as though the date of such amendment or termination were the date of participant's termination of employment. No amendment shall increase Plan benefits, or broaden Plan eligibility, without action by the Board of Directors of the Company.
Additional notional shares of Marsh & McLennan Companies stock and notional investment options shall continue to be credited to each Supplemental Savings & Investment Plan account as dividend reinvestments until such time as such account is terminated.
Provided the circumstances of the Plan's termination satisfy special requirements under Treasury regulations issued under IRC Section 409A, the Company has discretion upon Plan termination or any time thereafter to pay to every Supplemental Savings & Investment Plan participant (or beneficiary) in a single distribution a number of shares of Marsh & McLennan Companies stock equal to the number of notional shares of Marsh & McLennan Companies stock then standing as credited to the participant's Supplemental Savings & Investment Plan account and a lump sum cash payment equal to the notional investment options value of any notional investment options, whereupon all Supplemental Savings & Investment Plan accounts shall be terminated.
Any termination of the Plan by the Company shall be binding upon each Participating Company.