The Hartford 2008 Annual Report Download - page 674

For the purpose of computing the total number of shares of Stock available for Awards under the Plan, there shall be
counted against the foregoing limitations the number of shares of Stock subject to issuance upon exercise or settlement of
Awards and the number of shares of Stock which equals the value of performance share Awards, in each case determined as
at the dates on which such Awards are granted. If any Awards under the Plan are forfeited, terminated, expire unexercised,
are settled in cash in lieu of Stock or are exchanged for other Awards, the shares of Stock which were theretofore subject to
such Awards shall again be available for Awards under the Plan to the extent of such forfeiture, termination, expiration, cash
settlement or exchange of such Awards. Further, any shares of Stock that are exchanged (either actually or constructively)
by optionees as full or partial payment to the Company of the purchase price of shares of Stock being acquired through the
exercise of an Option granted under the Plan may be available for subsequent Awards.
4. Grant of Awards and Award Documents
(a) Subject to the provisions of the Plan, the Committee shall: (i) determine and designate from time to time those Key
Employees and Directors or groups of Key Employees and Directors to whom Awards are to be granted, (ii) determine the
form or forms of Award to be granted to any Key Employee and any Director; (iii) determine the amount or number of
shares of Stock subject to each Award; and (iv) determine the terms and conditions of each Award.
(b) Each Award granted under the Plan shall be evidenced by a written Award Document. Such Award Document shall
be subject to and incorporate the express terms and conditions of each Award, if any, required under the Plan or required by
the Committee.
5. Stock Options and Rights
(a) With respect to Options and Rights, the Committee shall: (i) authorize the granting of Incentive Stock Options,
non-qualified stock options, or a combination of Incentive Stock Options and non-qualified stock options; (ii) authorize the
granting of Rights which may be granted in connection with all or part of any Option granted under this Plan, either
concurrently with the grant of the Option or at any time thereafter during the term of the Option; (iii) determine the number
of shares of Stock subject to each Option or the number of shares of Stock that shall be used to determine the value of a
Right; and (iv) determine the time or times when and the manner in which each Option or Right shall be exercisable and the
duration of the exercise period.
(b) Any option issued hereunder which is intended to qualify as an Incentive Stock Option shall be subject to such
limitations or requirements as may be necessary for the purposes of Section 422 of the Code or any regulations and rulings
thereunder to the extent and in such form as determined by the Committee in its discretion.
6
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009