The Hartford 2008 Annual Report Download - page 556

“Vested Benefits Enhancement” means (i) a cash amount equal to the present value, calculated using a discount
rate equal to the then prevailing applicable Federal rate as determined under Section 1274(d) of the Internal
Revenue Code of 1986, as amended (the “Code”), of the additional retirement benefits that would have been
payable or available to Executive under any ERPs, based on (A) the age and service Executive would have
attained or completed had Executive continued in the Company’s employ until the second anniversary of the date
of termination of the Employment Period, and (B) where compensation is a relevant factor, his pensionable
compensation as of such date, such compensation to include, on the same terms as apply to other executives, any
Severance Payment made to Executive, and (ii) solely for purposes vesting in any benefits under any ESPs,
Executive shall be treated as having continued in the Company’s employ until the second anniversary of the date
of termination of the Employment Period. A Vested Benefits Enhancement shall only be applicable in the event
that Executive’s employment by the Company terminates prior to July 1, 2009.
“Voluntary Termination” means any voluntary termination of Executive’s Employment by Executive pursuant
to this Section 5, other than a Termination Due to Retirement or a Termination Due to Disability by Executive.
“Welfare Benefits Continuation” means that until the second anniversary of the date of termination of the
Employment Period, Executive and, if applicable, his dependents shall be entitled to continue participation in the
life and health insurance benefit plans of the Company or its affiliates in which Executive and/or such dependents
were participating as of the date of termination of the Employment Period, and such other welfare benefit plans
thereof in which the Company is required by law to permit the participation of Executive and/or his dependents,
(collectively, the “Welfare Benefit Plans”). Such participation shall be on the same terms and conditions
(including the requirement that Executive pay any premiums generally paid by an employee) as would apply if
Executive were still in the employ of the Company;provided that the continued participation of Executive and/or
his dependents in such Welfare Benefit Plans shall cease on such earlier date as Executive may become eligible
for comparable welfare benefits provided by a subsequent employer. To the extent that Welfare Benefits
Continuation cannot be provided under the terms of the applicable plan, policy or program, the Company shall
provide a comparable benefit under another plan or from the Company’s general assets.
11
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009