March 7, 2002Severance Agreement • March 28th, 2002 • Chubb Corp • Fire, marine & casualty insurance • New York
In order to induce you to remain in the employ of The Chubb Corporation (the “Company”) and in consideration of your continuing in the Company’s employ, the Company agrees to provide the severance benefits specified below on the terms and subject to the conditions stated. However, in the absence of a Change in Control of the Company, as defined below, nothing in this Agreement shall affect the Company’s normal right to terminate your employment or your right to leave its employ.
