The compensation committee of the board of directors of Chicago-based Aon Corp. as approved a grant of stock options and restricted stock units for its new president and CEO, Gregory C. Case.
Case will receive: 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 a grant of options to purchase 1 million 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.
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