Aon Provides Details of Equity Grant to Gregory C. Case
Chicago (ots/PRNewswire)
The Compensation Committee of the Board of Directors of Aon Corporation (NYSE: AOC) has approved a grant of stock options and restricted stock units for the Company's Chief Executive Officer and President, Gregory C. Case, in connection with the commencement of his employment on April 4, 2005.
Mr. Case will receive: (i) restricted stock units in the amount of 125,000 shares, which will vest in four installments of 12,500 shares on each of the first through fourth anniversaries of the date of grant and in a final installment of 75,000 shares on the fifth anniversary of the date of grant; and (ii) a grant of options to purchase 1,000,000 shares of common stock of Aon, which will vest in three equal installments on each of the second through fourth anniversaries of the date of grant.
About Aon
Aon Corporation (www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 48,000 professionals in its 500 offices in more than 120 countries. Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.
Investor Contact: Craig Streem
Corporate Vice President, Investor Relations
+1-312-381-3983
Media Contact: Gary Sullivan
Senior Vice President, Corporate Communications
+1-312-381-2467This press release contains certain statements related to future results, or states our intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results depending on a variety of factors. Potential factors that could impact results include: general economic conditions in different countries in which we do business around the world, changes in global equity and fixed income markets that could affect the return on invested assets, fluctuations in exchange and interest rates that could influence revenue and expense, rating agency actions that could affect our ability to borrow funds, funding of our various pension plans, changes in the competitive environment, changes in commercial property and casualty markets and commercial premium rates that could impact revenues, changes in revenues and earnings due to the elimination of contingent commissions, other uncertainties surrounding a new compensation model, the impact of regulatory investigations brought by state attorneys general and state insurance regulators related to our compensation arrangements with underwriters and related issues, the impact of class actions and individual lawsuits including derivative actions and claims under ERISA, the cost of resolution of other contingent liabilities and loss contingencies, and the difference in ultimate paid claims in our underwriting companies from actuarial estimates. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, is contained in the Company's filings with the Securities and Exchange Commission.
Web site: http://www.aon.com
Contact:
Investor, Craig Streem, Corporate Vice President, Investor Relations,
+1-312-381-3983, or Media Contact, Gary Sullivan, Senior Vice
President, Corporate Communication, +1-312-381-2467, both of Aon
Corporation