The Hartford 2014 Annual Report Download - page 270

THE HARTFORD SENIOR EXECUTIVE
SEVERANCE PAY PLAN
1. Purpose
The purpose of The Hartford Senior Executive Severance Pay Plan (the "Plan") is to assist in occupational transition by
providing severance pay for Tier 2 executives and Hartford Funds Senior Managing Directors covered by this Plan whose
employment is terminated under conditions set forth in this Plan.
2. Application of Plan
This Plan, which was initially effective October 1, 1997, is amended and restated in the form of this document effective
October 1, 2014. Any termination of employment of a Covered Employee (as defined in Section 3 below) that has an Effective
Date (as defined in Section 3 below) on or after October 1, 2014 shall be governed exclusively by the terms of the Plan as
amended and restated herein, and by no other plan, policy, practice or arrangement.
3. Covered Employees
You are a Covered Employee under this Plan if, on your last day actively at work (the “Effective Date”), you are an
“Employee” (as defined below) who (1) qualifies as an “Eligible Employee” (as described in Section 4 below), (2) is paid on a
salaried basis, and (3) is identified as a Tier 2 executive or a Hartford Funds Senior Managing Director whom the Plan
Administrator has approved for participation in this Plan. A person who is on an authorized leave of absence, paid or unpaid
(including medical leave of absence), of not more than twenty-six (26) weeks and who would otherwise qualify as a Covered
Employee, but for being on leave of absence, will be considered a Covered Employee for purposes of this Plan.
Notwithstanding the foregoing provisions of this Section 3, you will be an Eligible Employee hereunder only if you have
agreed to such non-competition, non-solicitation, non-disparagement and other restrictive covenants as are required to be
executed by the Plan Administrator.
For purposes of the Plan, “Employee” means any person regularly employed on the United States payroll by The
Hartford Financial Services Group, Inc., Hartford Fire Insurance Company, or any of their designated subsidiaries or affiliates
which have adopted this Plan with respect to their employees (collectively, the “Company”), but shall not include any person
who performs services for the Company as an independent contractor or under any other non-employee classification, or who
is classified by the Company as, or determined by the Company to be, an independent contractor.
4. Severance Pay Upon Termination of Employment
If you are a Covered Employee and the Company terminates your employment and you sign a Separation and Release
Agreement, as described in Section 12, acceptable to the Company, you will be eligible to receive severance benefits in
accordance with the terms of this Plan except if:
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