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Willis Towers Watson PLC – ‘10-Q’ for 6/30/18 – ‘EX-10.1’

On:  Monday, 8/6/18, at 4:03pm ET   ·   For:  6/30/18   ·   Accession #:  1140536-18-19   ·   File #:  1-16503

Previous ‘10-Q’:  ‘10-Q’ on 5/8/18 for 3/31/18   ·   Next:  ‘10-Q’ on 11/2/18 for 9/30/18   ·   Latest:  ‘10-Q’ on 4/25/24 for 3/31/24   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/06/18  Willis Towers Watson PLC          10-Q        6/30/18   88:21M

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   1.50M 
 2: EX-10.1     Material Contract                                   HTML     32K 
 3: EX-10.2     Material Contract                                   HTML     25K 
 4: EX-10.3     Material Contract                                   HTML     53K 
 5: EX-10.6     Material Contract                                   HTML    224K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     34K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     34K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     30K 
15: R1          Document and Entity Information                     HTML     45K 
16: R2          Condensed Consolidated Statements of Comprehensive  HTML     90K 
                Income (Unaudited)                                               
17: R3          Condensed Consolidated Balance Sheets (Unaudited)   HTML    132K 
18: R4          Condensed Consolidated Balance Sheets (Unaudited)   HTML     51K 
                (Parenthetical)                                                  
19: R5          Condensed Consolidated Statements of Cash Flows     HTML    126K 
                (Unaudited)                                                      
20: R6          Condensed Consolidated Statements of Changes in     HTML    120K 
                Equity (Unaudited)                                               
21: R7          Nature of Operations                                HTML     31K 
22: R8          Basis of Presentation and Recent Accounting         HTML     79K 
                Policies                                                         
23: R9          Revenue Revenue                                     HTML    380K 
24: R10         Segment Information                                 HTML    147K 
25: R11         Restructuring Costs                                 HTML    133K 
26: R12         Income Taxes                                        HTML     46K 
27: R13         Goodwill and Other Intangible Assets                HTML    164K 
28: R14         Derivative Financial Instruments                    HTML     79K 
29: R15         Debt                                                HTML     50K 
30: R16         Fair Value Measurements                             HTML    120K 
31: R17         Retirement Benefits                                 HTML    128K 
32: R18         Commitments and Contingencies                       HTML    134K 
33: R19         Supplementary Information for Certain Balance       HTML     59K 
                Sheet Accounts Supplementary Information for                     
                Certain Balance Sheet Accounts (Notes)                           
34: R20         Accumulated Other Comprehensive Loss                HTML    114K 
35: R21         Earnings Per Share                                  HTML     62K 
36: R22         Financial Information for Issuers and Other         HTML   1.07M 
                Guarantor Subsidiaries                                           
37: R23         Basis of Presentation and Recent Accounting         HTML     88K 
                Policies (Policies)                                              
38: R24         Revenue Revenue (Tables)                            HTML    378K 
39: R25         Segment Information (Tables)                        HTML    144K 
40: R26         Restructuring Costs (Tables)                        HTML    133K 
41: R27         Goodwill and Other Intangible Assets (Tables)       HTML    166K 
42: R28         Derivative Financial Instruments (Tables)           HTML     73K 
43: R29         Debt (Tables)                                       HTML     49K 
44: R30         Fair Value Measurements (Tables)                    HTML    120K 
45: R31         Retirement Benefits (Tables)                        HTML    121K 
46: R32         Supplementary Information for Certain Balance       HTML     62K 
                Sheet Accounts Supplementary Information for                     
                Certain Balance Sheet Accounts (Tables)                          
47: R33         Accumulated Other Comprehensive Income/(Loss)       HTML    114K 
                (Tables)                                                         
48: R34         Earnings Per Share (Tables)                         HTML     58K 
49: R35         Financial Information for Issuers and Other         HTML   1.05M 
                Guarantor Subsidiaries (Tables)                                  
50: R36         Nature of Operations (Details)                      HTML     29K 
51: R37         Basis of Presentation and Recent Accounting         HTML     45K 
                Policies (Details)                                               
52: R38         Revenue - Narrative (Details)                       HTML    108K 
53: R39         Revenue - Schedule of Effect of ASC 606 on          HTML    141K 
                Financial Statements (Details)                                   
54: R40         Revenue - Schedule of Effect of ASC 606 on Items    HTML     86K 
                in Retained Earnings and Earnings (Details)                      
55: R41         Revenue - Schedule of Disaggregation of Revenue     HTML    118K 
                (Details)                                                        
56: R42         Revenue - Schedule of Revenue by Geography          HTML     88K 
                (Detail)                                                         
57: R43         Revenue - Schedule of Contract Balances (Details)   HTML     45K 
58: R44         Revenue - Schedule of Remaining Performance         HTML     39K 
                Obligations (Details)                                            
59: R45         Revenue - Schedule of Capitalized and Deferred      HTML     37K 
                Costs (Details)                                                  
60: R46         Segment Information - Narrative (Details)           HTML     30K 
61: R47         Segment Information - Revenue (Net of Reimbursable  HTML     49K 
                Expenses) of the Reported Segments (Details)                     
62: R48         Segment Information - Reconciliation of             HTML     56K 
                Information Reported by Segment to Consolidated                  
                Amounts (Details)                                                
63: R49         Restructuring Costs - Narrative (Details)           HTML     39K 
64: R50         Restructuring Costs - Analysis of the Cost for      HTML     75K 
                Restructuring (Details)                                          
65: R51         Restructuring Costs - Restructuring Liability       HTML     64K 
                (Details)                                                        
66: R52         Income Taxes - Impact of U.S. Tax Reform (Details)  HTML     74K 
67: R53         Goodwill and Other Intangible Assets - Components   HTML     65K 
                of Goodwill (Details)                                            
68: R54         Goodwill and Other Intangible Assets -              HTML     98K 
                Finite-Lived Intangible Assets and Liabilities                   
                (Details)                                                        
69: R55         Goodwill and Other Intangible Assets - Schedule of  HTML     54K 
                Future Amortization Expense and Rent Offset                      
                (Details)                                                        
70: R56         Derivative Financial Instruments (Details)          HTML     67K 
71: R57         Debt - Schedule of Long-term Debt (Details)         HTML     70K 
72: R58         Fair Value Measurements - Schedule of Assets and    HTML     60K 
                Liabilities Measured at Fair Value on Recurring                  
                Basis (Details)                                                  
73: R59         Fair Value Measurements - Fair Value Liabilities    HTML     39K 
                Measured Using Significant Unobservable Inputs                   
                Level 3 (Details)                                                
74: R60         Fair Value Measurements - Schedule of Liabilities   HTML     36K 
                Whose Carrying Values Differ From the Fair Value                 
                and are Not Measured on a Recurring Basis                        
                (Details)                                                        
75: R61         Retirement Benefits - Narrative (Details)           HTML     55K 
76: R62         Retirement Benefits - Net Periodic Benefit Cost     HTML     61K 
                (Details)                                                        
77: R63         Commitments and Contingencies (Details)             HTML    179K 
78: R64         Supplementary Information for Certain Balance       HTML     64K 
                Sheet Accounts Supplementary Information for                     
                Certain Balance Sheet Accounts (Details)                         
79: R65         Accumulated Other Comprehensive Loss - Schedule of  HTML     58K 
                Accumulated Other Comprehensive Income (Loss)                    
                (Details)                                                        
80: R66         Earnings Per Share - Narrative (Details)            HTML     43K 
81: R67         Earnings Per Share - Basic and Diluted Earnings     HTML     48K 
                Per Share (Details)                                              
82: R68         Financial Information for Issuers and Other         HTML     48K 
                Guarantor Subsidiaries - Narrative (Details)                     
83: R69         Financial Information for Issuers and Other         HTML    150K 
                Guarantor Subsidiaries - Unaudited Condensed                     
                Consolidated Statement of Comprehensive Income                   
                (Details)                                                        
84: R70         Financial Information for Issuers and Other         HTML    245K 
                Guarantor Subsidiaries - Unaudited Condensed                     
                Consolidated Balance Sheet (Details)                             
85: R71         Financial Information for Issuers and Other         HTML    162K 
                Guarantor Subsidiaries - Unaudited Condensed                     
                Consolidated Statement of Cash Flows (Details)                   
87: XML         IDEA XML File -- Filing Summary                      XML    160K 
86: EXCEL       IDEA Workbook of Financial Reports                  XLSX    149K 
 9: EX-101.INS  XBRL Instance -- wltw-20180630                       XML   8.49M 
11: EX-101.CAL  XBRL Calculations -- wltw-20180630_cal               XML    240K 
12: EX-101.DEF  XBRL Definitions -- wltw-20180630_def                XML    969K 
13: EX-101.LAB  XBRL Labels -- wltw-20180630_lab                     XML   1.89M 
14: EX-101.PRE  XBRL Presentations -- wltw-20180630_pre              XML   1.30M 
10: EX-101.SCH  XBRL Schema -- wltw-20180630                         XSD    207K 
88: ZIP         XBRL Zipped Folder -- 0001140536-18-000019-xbrl      Zip    446K 


‘EX-10.1’   —   Material Contract


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  Exhibit  


Exhibit 10.1


AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement (this “Amendment”) is entered into as of May 22, 2018, by and between Willis North America Inc. (the “Company”), a subsidiary of Willis Group Holdings Public Limited Company (“Willis”), and Todd Jones (“Executive”).

WHEREAS, the Company and Executive are parties to that certain Employment Agreement, dated July 1, 2013, as amended on April 30, 2014 (the “Letter Amendment”) (hereinafter collectively referred to as the “Employment Agreement”);

WHEREAS, the Company desires to update the Executive’s current office location referenced in the definition of “Good Reason” within the Letter Amendment; and

WHEREAS, the Company and Executive desire to amend the terms of the Employment Agreement and Letter Amendment in accordance with this Amendment.

NOW, THEREFORE, in consideration of the continued employment of the Executive with the Company, the covenants contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Amendment. The Letter Amendment is hereby amended to replace section (iii) of the definition of “Good Reason” within the Letter Amendment with the following:

“(iii) Employee is required to relocate Employee’s office outside a radius of 35 miles from the current office location of 100 Matsonford Road, Building 5, Suite 200, Radnor, Pennsylvania 19087.”

2. General.

(a)    Except as specifically provided in this Amendment, the Employment
Agreement and Letter Amendment will remain in full force and effect and are hereby ratified and confirmed. To the extent a conflict arises between the terms of the Employment Agreement and Letter Amendment and this Amendment, the terms of this Amendment shall prevail.

(b)     This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and shall have the same effect as if the signatures hereto and thereto were on the same instrument.














[Remainder of page intentionally left blank]












IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.


WILLIS NORTH AMERICA INC.


By:    _____/s/ Anne Donovan Bodnar________
Name:     Anne Donovan Bodnar
Title:    Chief Human Resources Officer


TODD JONES

__________/s/ Todd Jones__________________
Date: July 26, 2018






Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/6/18
7/26/18
For Period end:6/30/18
5/22/18
4/30/1410-K/A,  8-K
7/1/133,  4,  8-K,  DEFA14A
 List all Filings 


3 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/24/23  Willis Towers Watson plc          10-K       12/31/22  163:47M                                    Donnelley … Solutions/FA
 2/24/22  Willis Towers Watson plc          10-K       12/31/21  163:47M                                    Donnelley … Solutions/FA
 2/23/21  Willis Towers Watson plc          10-K       12/31/20  153:44M                                    ActiveDisclosure/FA
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Filing Submission 0001140536-18-000019   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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