The Hartford 2014 Annual Report Download - page 272
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(9) your employment terminates due to your mandatory retirement at or after your 65th birthday, provided that such mandatory
retirement would not violate any applicable provision of the Federal Age Discrimination in Employment Act of 1967, as
amended.
5. Schedule of Severance Pay
You will be eligible to receive severance benefits under this Section if you are a Covered Employee and the Company
terminates your employment other than in any of the circumstances described in subparagraphs (1) through (9) of Section 4. In
such circumstances, but subject to your entering into (and not revoking) a Separation and Release Agreement, as described in
Section 12, you will receive severance benefits equal to a number of months of your Base Pay determined as follows:
Years of Service
Number of Months
of Base Pay
Less than 4 Years of Service 12 months
4 Years of Service 13 months
5 Years of Service 14 months
6 Years of Service 15 months
7 Years of Service 16 months
8 Years of Service 17 months
9 Years of Service 18 months
10 Years of Service 19 months
11 Years of Service 20 months
12 Years of Service 21 months
13 Years of Service 22 months
14 Years of Service 23 months
15 or more Years of Service 24 months
"Base Pay" means your annual base salary at the Effective Date, excluding all bonus and incentive compensation and any
special remuneration, divided by twelve (12) months.
"Years of Service" shall mean the total number of completed years of employment measured from your Company Service Date
to your Effective Date, rounded to the nearest whole year. Your “Company Service Date” is the date used to determine your
eligibility for vesting under the applicable Company retirement plan in effect on the Effective Date.
The severance payment provided shall be in addition to any Base Pay earned, but unpaid, for services rendered to the
Company on or prior to the Effective Date, plus any paid time off accrued as of such date.
6. Pro-Rata Annual Bonus and Treatment of Long Term Incentives
II-25