Chubb Limited Outside Directors Compensation Parameters (as of February 2025)

Contract Categories: Human Resources › Compensation Agreements
Summary

This document outlines the compensation structure for outside directors of Chubb Limited. Directors receive an annual retainer of $375,000, paid partly in restricted stock and cash, or fully in restricted stock if they choose. Additional cash or stock premiums are provided for committee chairs and the Lead Director. Restricted stock awards are granted at the start of the plan year and become non-forfeitable at year-end if the director serves the full term. The policy was last reviewed or amended in February 2025.

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EX-10.6 4 cb-12312024xex106.htm EX-10.6 Document
Exhibit 10.6
                                
Chubb Limited
Outside Directors Compensation Parameters



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Annual Retainer Fee of $375,000. Paid $225,000 in restricted stock and $150,000 cash or, at the election of the director, $375,000 in restricted stock. Includes expectation of service on up to two committees (not counting service on Executive Committee). No fees are payable for regular or special board or committee meetings.

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Annual premiums for committee chairs and Lead Director:

—     Audit–$40,000        
—     Compensation–$30,000    
—     Nominating & Governance–$25,000        
—     Risk & Finance–$35,000
—     Lead Director–$100,000

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Annual premiums for selected committee service (non-chair): None.

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Committee chair and Lead Director service premiums are payable in cash quarterly or, at the election of the director, in restricted stock annually.

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Restricted stock will be awarded at beginning of the plan year (i.e. the date of the Annual General Meeting) and become non-forfeitable at end of the plan year, provided that the grantee has remained a Chubb director continuously during that plan year.








Last Amended or Reviewed: February 2025