The Hartford 2008 Annual Report Download - page 609

“Termination For Cause” means a termination of Executive’s employment by the Company for any of the
following reasons: (i) Executive is convicted of or enters a plea of guilty ornolo contendere to a felony, a crime of
moral turpitude, dishonesty, breach of trust or unethical business conduct, or any crime involving the business of
the Company or its affiliates; (ii) in the performance of his/her duties hereunder or otherwise to the detriment of
the Company or its affiliates, Executive engages in (A) willful misconduct, (B) willful or gross neglect, (C) fraud,
(D) misappropriation, (E) embezzlement, or (F) theft; (iii) Executive willfully fails to adhere to the policies and
practices of the Company or devote substantially all of his/her business time and effort to the affairs thereof, or
disobeys the directions of the Board to do either of the foregoing; (iv) Executive breaches this Agreement in any
material respect; (v) Executive is adjudicated in any civil suit to have committed, or acknowledges in writing or in
any agreement or stipulation his/her commission, of any theft, embezzlement, fraud or other intentional act of
dishonesty involving any other person; or (vi) Executive willfully violates the Code of Ethics and Business
Conduct of the Company. Executive shall be permitted to respond and defend himself/herself before the Board
within 30 days after delivery to Executive of written notification of any proposed Termination For Cause that
specifies in detail the reasons for such termination. If the majority of the members of the Board (excluding
Executive) do not confirm that the Company had grounds for a Termination For Cause within 30 days after
Executive has had his/her hearing before the Board, Executive shall have the option of treating his/her
employment as not having terminated or as having been terminated in a Termination Without Cause.
“Termination Without Cause” means any involuntary termination of Executive’s employment by the Company
other than a Termination For Cause, a Termination Due to Disability or a Termination Due to Death.
“Vested Benefits” means amounts that are vested or that Executive is otherwise entitled to receive, without the
performance by Executive of further services or the resolution of a contingency, under the terms of or in
accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical
benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or
employee stock purchase plan or similar plan or program of the Company or its affiliates.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009