The Hartford 2008 Annual Report Download - page 622

9. Noncompetition, Confidentiality and Other Covenants.
By and in consideration of the compensation and benefits to be provided by the Company hereunder, including the
severance arrangements set forth herein, Executive agrees to the following:
(a) Noncompetition. During the Employment Period and until the last day of the one year period following any
Voluntary Termination of the Employment Period by Executive pursuant to Section 5 or Section 6 hereof, (the
“Restriction Period”), Executive shall not become associated with any entity, whether as a principal, partner, employee,
agent, consultant, shareholder (other than as a holder, or a member of a group which is a holder, of not in excess of 1%
of the outstanding voting shares of any publicly traded company) or in any other relationship or capacity, paid or
unpaid, that is actively engaged in any geographic area in any business which is in competition with the business of the
Company. The Company shall, in its sole discretion, have the right to enforce or waive the terms of this provision in
connection with the Restriction Period. If the Company exercises its right to enforce this provision for the Restriction
Period, the Company, no later than 60 days following the Company’s receipt of the Executive’s written notice of
Voluntary Termination, will provide Executive with written notice of its intent to enforce, and will pay Executive one
year of Executive’s then current Base Salary and one year of Executive’s then current Target Bonus as compensation
for the Restriction Period. Such amount shall be paid to Executive in equal monthly installments during the Restriction
Period. Executive agrees that the terms of the Restriction Period are reasonable and that this compensation is above and
beyond any amounts necessary to support the terms of the Restriction Period as set forth herein.
(b) Confidentiality. Without the prior written consent of the Company, except to the extent required by an order of a
court having competent jurisdiction or under subpoena from an appropriate government agency, Executive shall not
disclose to any third person, or permit the use of for the benefit of any person or any entity other than The Company or
its affiliates, any trade secrets, customer lists, information regarding product development, marketing plans, sales plans,
management organization information (including data and other information relating to members of the Board and
management), operating policies or manuals, business plans, financial records, or other financial, organizational,
commercial, business, sales, marketing, technical, product or employee information relating to the Company or its
affiliates or information designated as confidential, proprietary, and/or a trade secret, or any other information relating
to the Company or its affiliates that Executive knows from the circumstances, in good faith and good conscience,
should be treated as confidential, or any information that the Company or its affiliates may receive belonging to
customers, agents or others who do business with the Company or its affiliates, except to the extent that any such
information previously has been disclosed to the public by the Company or is in the public domain (other than by
reason of Executive’s violation of this Section 9(b)).
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009