SEC Contract Filing

Filing Date: 2025-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.35
<SEQUENCE>5
<FILENAME>cb-12312024xex1035.htm
<DESCRIPTION>EX-10.35
<TEXT>
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<title>Document</title></head><body><div id="i205f79f998b2430481ce46e825fa8371_41"></div><div style="min-height:72pt;width:100%"><div style="margin-bottom:18pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:1.36pt">Exhibit 10.35</font></div></div><div style="margin-bottom:8pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">December 31, 2024</font></div><div style="margin-bottom:8pt;text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%">CHUBB INA HOLDINGS LLC</font></div><div style="margin-bottom:8pt"><font><br></font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%;text-decoration:underline">AMENDMENT TO THE CHUBB US SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN</font></div><div style="margin-bottom:8pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">Sections 2.1 and 3.1 of the SERP are amended and restated as follows&#58;</font></div><div style="margin-bottom:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">2.1&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Participation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Subject to the terms and conditions of the Plan, each Eligible Employee of an Employer shall become a &#8220;Participant&#8221; in the Plan for purposes of Supplemental Basic Plan Benefits on the first day on which all of the following conditions are satisfied&#58; </font></div><div style="margin-bottom:12pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">(a)&#160;&#160;&#160;&#160;he&#58; (i) is a participant in the Chubb US 401(k) Plan and, as of September 2, 2019, was a participant in the Chubb US Basic Retirement Plan&#59; or (ii) is a participant in the Chubb Puerto Rico Retirement Savings Plan and, as of September 2, 2019, was a participant in the Chubb Puerto Rico Basic Retirement Plan&#59; </font></div><div style="margin-bottom:12pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">(b)&#160;&#160;&#160;&#160;&#91;RESERVED&#93;&#59; and </font></div><div style="margin-bottom:12pt;padding-left:108pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">(c)&#160;&#160;&#160;&#160;his benefits under Supplement D to the Chubb US 401(k) Plan are limited by either or both of sections 415 and 401(a)(17) of the Code,</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:125%"> </font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">or his benefits under Supplement C to the Chubb Puerto Rico Retirement Savings Plan are limited by either or both of sections 1081.01(a)(11) or 1081.01(a)(12) of the PR Code. </font></div><div style="margin-bottom:12pt;padding-left:54pt;padding-right:54pt;text-align:center;text-indent:-36pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">&#8230;</font></div><div style="margin-bottom:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">3.1&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">Participation</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">. Subject to the terms and conditions of the Plan, each Eligible Employee of an Employer shall become a &#8220;Participant&#8221; in the Plan for purposes of Supplemental Savings Plan Benefits on the first day on which all of the following conditions are satisfied&#58; </font></div><div style="margin-bottom:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">(a)&#160;&#160;&#160;&#160;he is a participant in the Chubb US 401(k) Plan or a participant in the Chubb Puerto Rico Retirement Savings Plan&#59; </font></div><div style="margin-bottom:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:125%">(b)&#160;&#160;&#160;&#160;his Eligible Compensation (as defined in the Chubb US 401(k) Plan or the Chubb Puerto Rico Retirement Savings Plan, as applicable) as of December 31 of the year prior to the Plan Year equals or exceeds ten (10) times the limit on elective deferrals under Section 402(g) of the Code (or 1081.01(d) of the PR Code, as applicable) for the Plan Year&#59; and</font></div><div style="margin-bottom:12pt;padding-left:72pt;text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height: