How the Plan Works

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	Long Term Disability Bonus Income Plan

	The Plan at a Glance

	Participating in the Plan

	How the Plan Works

		Disability Explanation

		Pregnancy

		Mental Health and Substance Abuse

		Exclusions

		Returning to Work

		Rehabilitation Benefits

	Disability Payment Details

	Other Sources of Disability Benefits

	Filing a Claim

	Glossary

How the Plan Works

The Long Term Disability Bonus Income Plan provides for an additional level of income replacement if you elect this coverage and qualify for benefits under the Basic Long Term Disability Plan and the Optional Long Term Disability Plan (approved benefits begin to be paid on the seventh month of disability). You must qualify and elect benefit coverage under the Basic Long Term Disability Plan and the Optional Long Term Disability Plan to be considered for benefits under this Plan. The Company provides you with basic disability coverage and you can chose to purchase this additional coverage.

The Plan offers two coverage options: a 50% option and a 100% option. If you are approved to receive the Long Term Disability Bonus Income benefit, the Plan provides you with a monthly benefit of 60% of your covered benefit amount up to a maximum of $15,000 per month.

The covered benefit amount is determined by applying the coverage option percentage to your eligible bonus. The 100% covered benefit amount coverage option is subject to a maximum covered benefit amount of $300,000. The 50% coverage option is subject to a minimum covered benefit amount of $50,000 and a maximum of $150,000.

The following chart illustrates how your Long Term Disability Bonus Income Plan benefit is determined.


If your eligible bonus is:	And you may choose from these coverage options:	Your covered benefit amount is:	Your annual Long Term Disability Bonus Income Plan benefit payment is:
$5,000 to $50,000	100% of eligible bonus	100% of your eligible bonus	60% of your covered benefit amount (maximum $15,000 per month)
$50,001 to $300,000	100% of eligible bonus 50% of eligible bonus	100% of eligible bonus 50% of eligible bonus (minimum of $50,000)	60% of your covered benefit amount (maximum $15,000 per month)
More than $300,000	100% of eligible bonus 50% of eligible bonus	100% of eligible bonus (maximum of $300,000) 50% of eligible bonus (maximum of $150,000)	60% of your covered benefit amount (maximum $15,000 per month)

For example, if your eligible bonus is $30,000 and you elect:

the 100% coverage option, your covered benefit amount would be $30,000 and your Long Term Disability Bonus Income Plan annual benefit payment would be $18,000 ($30,000 × 60%).

For example, if your eligible bonus is $80,000 and you elect:

the 100% coverage option, your covered benefit amount would be $80,000 and your Long Term Disability Bonus Income Plan annual benefit payment would be $48,000 ($80,000 × 60%).

the 50% coverage option, your covered benefit amount would be $50,000 (minimum covered benefit amount) and your Long Term Disability Bonus Income Plan annual benefit payment would be $30,000 ($50,000 × 60%).

For example, if your eligible bonus is $120,000 and you elect:

the 100% coverage option, your covered benefit amount would be $120,000 and your Long Term Disability Bonus Income Plan annual benefit payment would be $72,000 ($120,000 × 60%).

the 50% coverage option, your covered benefit amount would be $60,000 ($120,000 × 50%) and your Long Term Disability Bonus Income Plan annual benefit payment would be $36,000 ($60,000 × 60%).

For example, if your eligible bonus is $310,000 and you elect:

the 100% coverage option, your covered benefit amount would be $300,000 (maximum covered benefit amount) and your Long Term Disability Bonus Income Plan annual benefit payment would be $180,000. ($300,000 x 60%)

the 50% coverage option, your covered benefit amount would be $150,000 (50% coverage option maximum covered benefit amount) and your Long Term Disability Bonus Income Plan annual benefit payment would be $90,000 ($150,000 × 60%).

What is the definition of bonus?

An eligible bonus is an annual incentive bonus award or, if applicable, an annualized incentive bonus award granted through the Company's incentive compensation plans. The definition of eligible bonus includes annual or, if applicable, annualized incentive bonus 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 MMC 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, commission payments, commission-based incentive awards under the Variable Compensation Plan (VCP) or Sales Compensation Plan (SCP), sign-on bonuses, retention bonuses, non-recurring awards, one-time only special recognition awards or awards based on MMC common stock that are not part of an annual incentive bonus award.

For the purposes of the Long Term Disability Bonus Income Plan your eligible bonus is the higher of:

the eligible bonus that you are awarded in the current calendar year or

the average of your eligible bonuses awarded by the Company for the current calendar year and the past two calendar years (if you were eligible for the Plan and eligible for an award in each of those years)