Exhibit 10.1
Thirteenth Amendment to
the
2002 Restatement of Aon Savings
Plan
WHEREAS, the Aon Savings Plan (the
“Plan”) is currently set out in the 2002 Restatement of
the Aon Savings Plan, which was generally effective as of
January 1, 2002, as amended from time to time thereafter (the
“Restatement”).
WHEREAS, Section 17.01 of the
Plan allows the Board of Directors of Aon Corporation to amend the
Plan, and the Board has delegated to the undersigned officers of
Aon Corporation the authority to make certain amendments to the
Plan.
WHEREAS, the undersigned officers
desire to amend the Plan as set forth herein.
NOW, THEREFORE, the Plan, as set out
in the Restatement and as amended from time to time, is further
amended as follows, effective as of April 1, 2009, unless
otherwise specified below:
1.
A new Section 26.09 is hereby added to the Plan as
follows:
“Section 26.09
Benfield Retirement Plan
Effective April 1, 2009 (the
“Merger Date”), the vast majority of assets and
liabilities of the Benfield Retirement Plan (the “Benfield
Plan”) will be transferred to this Plan. Effective as soon
thereafter as administratively feasible, the liquidation proceeds
under the Reserve Primary Fund in the Self-Managed Brokerage
Accounts of the Benfield Plan will be transferred to this Plan and
invested in accordance with the participants’ investment
elections directing employee contributions then in effect. In
general, the rules and provisions of this Plan will apply to
the transferred accounts; however, the following special provisions
apply effective January 1, 2009, or such later date determined
by the Committee, to an Employee who was employed by Benfield
Holdings, Inc. or its subsidiaries or affiliates
(“Benfield”) on November 28, 2008 (“Legacy
Benfield Employee”), the date of the amalgamation
(“Amalgamation Date”) involving Aon Corporation, Aon
Benfield (Bermuda) Ltd., and Benfield Group Limited:
(a)
Participation
. A Legacy Benfield Employee
will become a participant in this Plan on January 1, 2009 and
be enrolled with the same savings elections as in effect under the
Benfield Plan as of December 31, 2008. Otherwise, a Legacy
Benfield Employee will become a participant in this Plan upon
satisfaction of the requirements of Section 2.
Notwithstanding the foregoing, any Legacy Benfield Employee who is
not a participant in the Benfield Plan on December 31, 2008
will be subject to this Plan’s automatic enrollment in
accordance with Section 2.03 of this Plan effective upon the
mailing of the Eligible Automatic Contribution Arrangement notice
via First Class U.S. Mail on January 14, 2009. The
Legacy Benfield Employee will have a 30-day window to opt out of
this Plan or change his or her savings election.
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