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As Of Filer Filing For·On·As Docs:Size 2/27/15 Chubb Ltd 10-K 12/31/14 146:48M |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 2.95M 2: EX-10.68 Material Contract HTML 76K 3: EX-10.69 Material Contract HTML 106K 4: EX-10.70 Material Contract HTML 80K 5: EX-10.71 Material Contract HTML 79K 6: EX-10.72 Material Contract HTML 81K 8: EX-21.1 Subsidiaries List HTML 110K 9: EX-23.1 Consent of Experts or Counsel HTML 42K 7: EX-12.1 Statement re: Computation of Ratios HTML 54K 10: EX-31.1 Certification -- §302 - SOA'02 HTML 47K 11: EX-31.2 Certification -- §302 - SOA'02 HTML 47K 12: EX-32.1 Certification -- §906 - SOA'02 HTML 41K 13: EX-32.2 Certification -- §906 - SOA'02 HTML 41K 100: R1 Document and Entity Information HTML 72K 75: R2 Consolidated Balance Sheets HTML 188K 93: R3 Consolidated Balance Sheets (Parenthetical) HTML 68K 104: R4 Consolidated Statements Of Operations and HTML 170K Comprehensive Income 133: R5 Consolidated Statements of Operations and HTML 50K Comprehensive Income (Parenthetical) 79: R6 Consolidated Statements Of Shareholders' Equity HTML 141K 92: R7 Consolidated Statements Of Shareholders' Equity HTML 66K (Parenthetical) 68: R8 Consolidated Statements Of Cash Flows HTML 211K 56: R9 Consolidated Statements Of Cash Flows HTML 44K (Parenthetical) 135: R10 Summary of significant accounting policies HTML 135K 106: R11 Acquisitions HTML 55K 105: R12 Investments HTML 534K 113: R13 Fair value measurements HTML 613K 114: R14 Reinsurance HTML 183K 110: R15 Intangible Assets HTML 127K 115: R16 Unpaid losses and loss expenses HTML 213K 94: R17 Taxation HTML 141K 101: R18 Debt HTML 99K 108: R19 Commitments, contingencies, and guarantees HTML 199K 145: R20 Shareholders' equity HTML 108K 125: R21 Share-based compensation HTML 159K 85: R22 Pension plans HTML 64K 107: R23 Other (income) expense HTML 64K 89: R24 Segment information HTML 376K 45: R25 Earnings per share HTML 71K 127: R26 Related party transaction HTML 47K 140: R27 Statutory Financial Information HTML 66K 62: R28 Information provided in connection with HTML 754K outstanding debt of subsidiaries 61: R29 Condensed Unaudited Quarterly Financial Data HTML 121K 66: R30 Schedule I HTML 86K 67: R31 Schedule II HTML 147K 69: R32 Schedule IV HTML 109K 31: R33 Schedule VI HTML 86K 123: R34 Summary of significant accounting policies HTML 192K (Policies) 83: R35 Investments (Tables) HTML 527K 86: R36 Fair value measurements (Tables) HTML 582K 50: R37 Reinsurance (Tables) HTML 171K 144: R38 Intangible Assets (Tables) HTML 124K 20: R39 Unpaid losses and loss expenses (Tables) HTML 128K 72: R40 Taxation (Tables) HTML 130K 131: R41 Debt (Tables) HTML 91K 47: R42 Commitments, contingencies, and guarantees HTML 170K (Tables) 60: R43 Shareholders' equity (Tables) HTML 84K 65: R44 Share-based compensation (Tables) HTML 146K 76: R45 Pension plans (Tables) HTML 59K 30: R46 Other (Income) Expense (Tables) HTML 62K 55: R47 Segment information (Tables) HTML 365K 23: R48 Earnings per share (Tables) HTML 69K 129: R49 Statutory Financial Information (Tables) HTML 61K 46: R50 Information provided in connection with HTML 754K outstanding debt of subsidiaries (Tables) 124: R51 Condensed Unaudited Quarterly Financial Data HTML 120K (Tables) 51: R52 Summary of significant accounting policies HTML 106K (Narrative) (Detail) 73: R53 Acquisitions (Detail) HTML 103K 22: R54 Investments (Narrative) (Detail) HTML 95K 27: R55 Investments (Schedule Of Amortized Cost And Fair HTML 147K Value Of Fixed Maturities And Related Other-Than-Temporary Impairment Recognized In Accumulated Other Comprehensive Income) (Detail) 64: R56 Investments (Schedule Of Fixed Maturities By HTML 141K Contractual Maturity) (Detail) 37: R57 Investments (Schedule Of Cost And Fair Value Of HTML 52K Equity Securities) (Detail) 136: R58 Investments (Schedule Of Default Assumptions By HTML 62K Moody's Rating Categories) (Details) 81: R59 Investments (Net Realized Gains (Losses) And HTML 123K Losses Included In Net Realized Gains (Losses) And Other Comprehensive Income) (Detail) 111: R60 Investments (Roll-Forward Of Pre-Tax Credit Losses HTML 58K Related To Fixed Maturities For Which Portion Of Other-Than-Temporary Impairment Was Recognized In Other Comprehensive Income) (Detail) 54: R61 Investments (Schedule Of Other Investments) HTML 82K (Details) 58: R62 Investments (Schedule Of Investments In HTML 77K Partially-Owned Insurance Companies) (Details) 121: R63 Investments (Aggregate Fair Value And Gross HTML 136K Unrealized Loss By Length Of Time Security Has Continuously Been In Unrealized Loss Position) (Detail) 116: R64 Investments (Schedule Of Sources Of Net Investment HTML 64K Income) (Details) 84: R65 Investments (Schedule Of Components Of Restricted HTML 55K Assets) (Detail) 119: R66 Fair Value Measurements (Narrative) (Detail) HTML 80K 52: R67 Fair value measurements Fair Value Measurements HTML 85K (Annuitization Experience for GMIB Policies) (Details) 90: R68 Fair Value Measurements (Financial Instruments HTML 178K Measured At Fair Value On Recurring Basis) (Detail) 139: R69 Fair Value Measurements (Fair Value And Maximum HTML 97K Future Funding Commitments Related To Investments) (Detail) 26: R70 Fair Value Measurements (Schedule Of Significant HTML 270K Unobservable Inputs Used In Level 3 Liability Valuations) (Detail) 44: R71 Fair Value Measurements (Carrying Values And Fair HTML 175K Values Of Financial Instruments Not Measured At Fair Value) (Detail) 74: R72 Reinsurance (Consolidated Reinsurance) (Details) HTML 77K 35: R73 Reinsurance (Reinsurance Recoverable on Ceded HTML 50K Reinsurance) (Details) 143: R74 Reinsurance (Reinsurance Recoverable by Category HTML 79K and Listing of Largest Reinsurers) (Details) 48: R75 Reinsurance Reinsurance (Assumed Life Reinsurance HTML 86K Programs Involving Minimum Benefit Guarantees Under Annuity Contracts - Schedule Of Guaranteed Minimum Benefits Income And Expense) (Detail) 39: R76 Reinsurance (Assumed Life Reinsurance Programs HTML 80K Involving Minimum Benefit Guarantees Under Annuity Contracts - Narrative) (Detail) 43: R77 Reinsurance Reinsurance (Net Amount at Risk and HTML 53K 100 Percent Mortality) (Details) 28: R78 intangible Assets (Narrative) (Details) HTML 56K 33: R79 Intangible Assets (Roll-forward of Goodwill, by HTML 133K Business Segment) (Details) 102: R80 Intangible Assets (Value Of Business Acquired HTML 53K (VOBA) Roll-forward) (Details) 41: R81 Intangible Assets (Estimated Amortization Expense HTML 76K Over Next Five Years) (Details) 137: R82 Unpaid losses and loss expenses (Narrative) HTML 290K (Details) 70: R83 Unpaid losses and loss expenses (Unpaid Losses and HTML 86K Loss Expenses Rollforward) (Details) 109: R84 Unpaid losses and loss expenses (A&E Loss HTML 77K Roll-forward) (Details) 118: R85 Unpaid losses and loss expenses (Brandywine HTML 52K Incurred Loss Activity) (Details) 40: R86 Unpaid losses and loss expenses (Westchester HTML 52K Incurred Loss Activity) (Details) 42: R87 Taxation (Narrative) (Details) HTML 83K 134: R88 Taxation (Provision For Income Taxes) (Details) HTML 54K 36: R89 Taxation (Reconciliation Of The Difference Between HTML 78K The Provision for Income Taxes and the Expected Tax Provision at Swiss Statutory Income Tax Rate) (Details) 103: R90 Taxation (Components Of Net Deferred Tax Assets) HTML 104K (Details) 97: R91 Taxation (Reconciliation of Unrecognized Tax HTML 51K Benefits) (Details) 122: R92 Debt (Narrative) (Details) HTML 64K 96: R93 Debt (Schedule of Debt Outstanding) (Details) HTML 134K 80: R94 Commitments, contingencies, and guarantees HTML 102K (Narrative) (Detail) 128: R95 Commitments, contingencies, and guarantees HTML 140K (Balance Sheet Locations, Fair Values In Asset Or (Liability) Position, And Notional Values/Payment Provisions Of Derivative Instruments) (Detail) 77: R96 Commitments, contingencies, and guarantees (Net HTML 81K Realized Gains (Losses) Of Derivative Instrument Activity In Consolidated Statement Of Operations) (Detail) 49: R97 Commitments, contingencies, and guarantees (Future HTML 62K Minimum Lease Payments) (Details) 87: R98 Shareholders' equity (Detail) HTML 101K 82: R99 Shareholders' equity (Rollforward Of Changes In HTML 57K Common Stock Shares Issued And Outstanding) (Details) 63: R100 Share-based compensation (Narrative) (Detail) HTML 127K 146: R101 Share-based compensation (Pre-tax and After-tax HTML 63K Share-based Compensation Expense) (Details) 120: R102 Share-based compensation (Weighted Average HTML 57K Assumptions for Option Grants) (Details) 95: R103 Share-based compensation (Rollforward Of Company's HTML 96K Stock Options) (Details) 29: R104 Share-based compensation (Rollforward Of Company's HTML 82K Restricted Stock) (Details) 130: R105 Pension plans (Narrative) (Details) HTML 66K 138: R106 Pension plans (Schedule of Expected Future Benefit HTML 57K Payments) (Details) 132: R107 Other (Income) Expense (Details) HTML 66K 91: R108 Segment Information (Operations By Segment) HTML 269K (Detail) 38: R109 Segment Information (Net Premiums Earned For HTML 126K Segment By Product) (Detail) 112: R110 Segment Information (Net Premiums Earned By HTML 76K Geographic Region) (Details) 53: R111 Earnings Per Share (Detail) HTML 81K 21: R112 Related party transaction (Details) HTML 44K 78: R113 Statutory Financial Information (Details) HTML 64K 71: R114 Information provided in connection with HTML 214K outstanding debt of subsidiaries (Condensed Consolidating Balance Sheet) (Detail) 126: R115 Information provided in connection with HTML 209K outstanding debt of subsidiaries (Condensed Consolidating Statement Of Operations and Comprehensive Income) (Detail) 57: R116 Information provided in connection with HTML 322K outstanding debt of subsidiaries (Condensed Consolidating Statement Of Cash Flows) (Detail) 142: R117 Condensed Unaudited Quarterly Financial Data HTML 99K (Details) 34: R118 Schedule I (Details) HTML 112K 99: R119 Schedule II (BALANCE SHEETS - Parent Company Only) HTML 141K (Details) 117: R120 Schedule II Schedule II (STATEMENTS OF OPERATIONS HTML 99K - Parent Company Only) (Details) 24: R121 Schedule II (STATEMENTS OF CASH FLOWS - Parent HTML 130K Company Only) (Details) 98: R122 Schedule IV (Supplemental Information Concerning HTML 104K Reinsurance) (Details) 88: R123 Schedule VI (Supplementary Information Concerning HTML 78K Property and Casualty Operations) (Details) 141: XML IDEA XML File -- Filing Summary XML 233K 25: EXCEL IDEA Workbook of Financial Reports XLSX 835K 59: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 8.39M 14: EX-101.INS XBRL Instance -- ace-20141231 XML 11.56M 16: EX-101.CAL XBRL Calculations -- ace-20141231_cal XML 500K 17: EX-101.DEF XBRL Definitions -- ace-20141231_def XML 1.47M 18: EX-101.LAB XBRL Labels -- ace-20141231_lab XML 3.88M 19: EX-101.PRE XBRL Presentations -- ace-20141231_pre XML 2.23M 15: EX-101.SCH XBRL Schema -- ace-20141231 XSD 480K 32: ZIP XBRL Zipped Folder -- 0000896159-15-000006-xbrl Zip 722K
ACE-12.31.2014-Ex 10.71 |
INSTALLMENT | VESTING DATE APPLICABLE TO INSTALLMENT |
1/3 of Covered Shares | One-year
anniversary of the Grant Date |
1/3 of Covered Shares | Two-year anniversary of the Grant Date |
1/3 of Covered Shares | Three-year anniversary of the Grant Date |
(a) | The Option shall become fully exercisable upon the Date of Termination,
if the Date of Termination occurs by reason of the Participant’s death or Long-Term Disability. |
(b) | If the Participant’s Date of Termination is a Change in Control Date of Termination, then, for Installments, if any, as to which the Restricted Period has not ended prior to the Participant’s Date of Termination, the Restricted Period will end and such Installments will become exercisable on the Change in Control Date of Termination; provided that if the Participant’s Change in Control Date of Termination occurs within the 180-day period immediately preceding the date of a Change in Control, then all unvested Installments held by the Participant |
(c) | For Installments as to which the Restricted Period has not ended prior to the Date of Termination, if the Date of Termination occurs by reason of the Participant’s Retirement, vesting shall continue pursuant to the foregoing schedule following the Date of Termination. Following the Date of Termination the Restricted Period shall end in accordance with the above schedule. |
(d) | For
Installments as to which the Restricted Period has not ended prior to the Date of Termination, if the Date of Termination occurs by reason of the Participant’s Qualifying Termination, vesting shall continue pursuant to the vesting schedule in this paragraph 3 following the Date of Termination as though the Participant continued to be employed through the two-year anniversary of the Participant’s Date of Termination, subject to the Participant not engaging in any Competitive Activity during such two-year period and subject to the Participant signing and not revoking a general release and waiver of all claims against the Company and such release becomes effective no later than the sixty-day anniversary of the Date of Termination. If such release is not effective within such sixty-day period or in the event that the Participant engages in a Competitive Activity prior to the last day of
the Restricted Period for any Installment, the Participant shall immediately forfeit any unvested Installments. |
(a) | the
ten‑year anniversary of the Grant Date; |
(b) | if the Participant's Date of Termination occurs by reason of death or Long-Term Disability, the one-year anniversary of such Date of Termination; |
(c) | if the Participant's Date of Termination occurs by reason of Retirement, the ten-year anniversary of the Grant Date, or if earlier, the date of the Participant's death; |
(d) | if
the Participant’s Date of Termination occurs by reason of the Participant’s Qualifying Termination or the Participant’s Change in Control Date of Termination, the three-year anniversary of the Participant’s Date of Termination; or |
(e) | if the Participant's Date of Termination occurs for any reason other than those listed in subparagraph (b), (c) or (d) of this paragraph 4, then subject to paragraph 3(b), the three-month anniversary of such Date of Termination. |
(a) | Cause. The term “Cause” shall mean - unless otherwise defined in an employment agreement between the Participant and the Company or Subsidiary - the occurrence of any of the following: |
(b) | Change in Control. The term "Change in Control" shall be defined as set forth in the Plan. |
(c) | Change in Control Date of Termination. The term “Change in Control Date of Termination”
means the Participant’s Date of Termination occurs because the Company and/or any of the Related Companies terminates the Participant’s employment with the Company and/or the Related Companies without Cause (other than due to death, a Long-Term Disability or a Retirement) or because the Participant terminates his or her employment for Good Reason, provided that such termination in accordance with this paragraph 8(c) occurs during the period commencing on the 180th day immediately preceding a Change in Control date and ending on the two-year anniversary of such Change in Control date. |
(d) | Competitive
Activity. The term “Competitive Activity” means the Participant’s: (i) engagement in an activity - whether as an employee, consultant, principal, member, agent, officer, director, partner or shareholder (except as a less than 1% shareholder of a publicly traded company) - that is competitive with any business of the Company or any Subsidiary conducted by the Company or such Subsidiary during the Participant’s employment with the Company or the two-year period following the Date of Termination; (ii) solicitation of any client and/or customer of the Company or any affiliate with respect to an activity prohibited
by subparagraph (c)(i); (iii) solicitation or employment of any employee of the Company or any affiliate for the purpose of causing such employee to terminate his or her employment with the Company or such affiliate; or (iv) failure to keep confidential all Company trade secrets, proprietary and confidential information. |
(e) | Date of Termination. A Participant's "Date of Termination" means, with respect
to an employee, the date on which the Participant's employment with the Company and Subsidiaries terminates for any reason, and with respect to a Director, the date immediately following the last day on which the Participant serves as a Director; provided that a Date of Termination shall not be deemed to occur by reason of a Participant's transfer of employment between the Company and a Subsidiary or between two Subsidiaries; further provided that a Date of Termination shall not be deemed to occur by reason of a Participant's cessation of service as a Director if immediately following such cessation of service the Participant
becomes or continues to be employed by the Company or a Subsidiary, nor by reason of a Participant's termination of employment with the Company or a Subsidiary if immediately following such termination of employment the Participant becomes or continues to be a Director; and further provided that a Participant's employment shall not be considered terminated while the Participant is on a leave of absence from the Company or a Subsidiary approved by the Participant's employer. |
(f) | Director. The
term "Director" means a member of the Board, who may or may not be an employee of the Company or a Subsidiary. |
(g) | Forfeiture Payment. The term “Forfeiture Payment” means the amount of any gain on any Options exercised by the Participant during the Restrictive Covenant Period pursuant to this Agreement equal to the amount included in the Participant’s income for such exercise. |
(h) | Good Reason. The
term “Good Reason” shall mean - unless otherwise defined in an employment agreement between the Participant and the Company or Subsidiary - the occurrence of any of the following within the sixty-day period preceding a Date of Termination without the Participant’s prior written consent: |
(i) | Long-Term Disability. A Participant shall be considered to have a “Long-Term Disability”
if the Participant is determined to be eligible for long-term disability benefits under the long-term disability plan in which the Participant participates and which is sponsored by the Company or a Related Company; or if the Participant does not participate in a long-term disability plan sponsored by the Company or a Related Company, then the Participant shall be considered to have a “Long-Term Disability” if the Committee determines, under standards comparable to those of the Company’s long-term disability plan, that the Participant would be eligible for long-term disability benefits if he or she participated in such plan. |
(j) | Qualifying Termination. The term “Qualifying Termination” means the Participant’s Date of Termination that occurs because the Company and/or any of the Related Companies terminates the Participant’s employment with the Company and/or the Related Companies without Cause. For the avoidance of doubt, the termination of the Participant’s employment due to death or Long-Term Disability, or a voluntary termination of the Participant’s employment by the Participant for any reason (including Good Reason or Retirement) shall not constitute a Qualifying Termination for the purposes of this Agreement. |
(k) | Restrictive
Covenant Period. The term “Restrictive Covenant Period” means the twenty-four month period following a Date of Termination due to a Qualifying Termination or a Retirement. |
(l) | Retirement. The term “Retirement” means an employee who’s Date of Termination occurs after satisfying all of the following: (i) the employee has provided at least ten years of service with the Company or a Related Company; (ii) the employee has attained at least age 62; (iii) the employee terminates employment in good standing with the Company
or a Related Company; and (iv) the employee executes an agreement and release as required by the Company which will include, without limitation, a general release, and non-competition and non-solicitation provisions. However, with respect to exercising vested options pursuant to 4(c), above, |
(m) | Plan Definitions. Except where the context clearly implies or indicates the contrary, a word, term, or phrase used in the Plan is similarly used in these Option Terms. |
(a) | The Committee may cancel, rescind, suspend, withhold or otherwise limit or restrict the Incentive Stock Option Award at any time if the Participant engages in any “Competitive Activity”. |
(b) | Immediately
prior to the exercise of the Participant’s Options, the Participant shall certify, to the extent required by the Committee, in a manner acceptable to the Committee, that the Participant is not engaging and has not engaged in any Competitive Activity. In the event a Participant has engaged in any Competitive Activity during the Restrictive Covenant Period, then the Participant shall be required to pay the Forfeiture Payment to the Company, in such manner and on such terms and conditions as may be required by the Committee, and the Company shall be entitled to set-off such amounts against any amount owed to the Participant by the Company |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/23/24 Chubb Ltd. 10-K 12/31/23 196:51M 2/24/23 Chubb Ltd. 10-K 12/31/22 168:49M 2/24/22 Chubb Ltd. 10-K 12/31/21 162:46M 2/25/21 Chubb Ltd. 10-K 12/31/20 166:50M |