The Hartford 2008 Annual Report Download - page 654

“Person” has the meaning ascribed to such term in Section 3(a)(9) of the Act, as supplemented by Section 13(d)(3) of
the Act; provided, however, that Person shall not include: (i) the Company, any subsidiary of the Company or any other
Person controlled by the Company, (ii) any trustee or other fiduciary holding securities under any employee benefit plan of
the Company or of any subsidiary of the Company, or (iii) a corporation owned, directly or indirectly, by the stockholders of
the Company in substantially the same proportions as their ownership of securities of the Company.
“Plan” means The Hartford 1995 Incentive Stock Plan, as the same may be amended, administered or interpreted from
time to time.
“Plan Year” means the calendar year.
“Retirement” means eligibility to receive immediate retirement benefits under a Participating Company pension plan.
“Restricted Stock” means Stock awarded under Section 7 of the Plan subject to such restrictions as the Committee
deems appropriate or desirable.
“Right” means a stock appreciation right awarded in connection with an Option under Section 5 of the Plan.
“Stock” means the common stock ($.01 par value) of The Hartford.
“Total Disability” means the complete and permanent inability of a Key Employee to perform all of his or her duties
under the terms of his or her employment with any Participating Company, as determined by the Committee upon the basis
of such evidence, including independent medical reports and data, as the Committee deems appropriate or necessary.
“Transferee” means any person or entity to whom or to which a non-qualified stock option has been transferred and
assigned in accordance with Section 5(h) of the Plan.
3. SHARES SUBJECT TO THE PLAN
The aggregate number of shares of Stock which may be awarded under the Plan shall be subject to a maximum limit
applicable to all Awards for the duration of the Plan (the “Maximum Limit”), and an annual limit applicable to all Awards
for any Plan Year (the “Annual Limit”). The Maximum Limit shall be fifteen percent (15%) of the total of the issued and
outstanding shares of Stock and treasury Stock as reported in the Annual Report on Form 10-K of the Company for the fiscal
year ended December 31, 1997 (35,906,158 shares), such issued and outstanding shares having been adjusted for the
two-for-one stock split on the Stock that occurred effective July 15, 1998. The Annual Limit shall be 1.65 percent (1.65%)
of the total of the issued and outstanding shares of the Stock and treasury Stock as reported in the Annual Report on
Form 10K of the Company for the fiscal year ending immediately prior to any Plan Year (the “Reported Shares”). Any
unused portion of the Annual Limit for any Plan Year shall be carried forward and be made available for awards in
succeeding Plan Years.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009