Chubb Ltd - First Amendment to the Amended and Restated ACE USA Officers Deferred Compensation Plan

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EX-10.28 3 dex1028.htm ACE USA OFFICER DEFERRED COMPENSATION PLAN Chubb Ltd - First Amendment to the Amended and Restated ACE USA Officers Deferred Compensation Plan

Exhibit 10.28

APPROVE FIRST AMENDMENT TO THE ACE USA OFFICERS DEFERRED COMPENSATION PLAN

WHEREAS, ACE INA Holdings, Inc., a Delaware corporation (the “Corporation”) maintains the ACE USA Officers Deferred Compensation Plan (the “Plan”), which was restated and amended effective January 1, 2009; and

WHEREAS, the Plan permits participants who choose to defer eligible compensation to receive payments in annual installments of up to ten years; and

WHEREAS, there is interest from participants and a desire on the part of the Plan administration to permit annual installments over a longer period of time, for up to fifteen years.

NOW, THEREFORE, RESOLVED,

1. Plan section 4.1 is amended, replacing the reference to “ten years” with “fifteen years.”