The Hartford 2014 Annual Report Download - page 279

Download and view the complete annual report

Please find page 279 of the 2014 The Hartford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 296

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296

responsibilities assigned to you except for time away from work authorized by Company policy or state or federal law,
which violations are demonstrably willful and deliberate on your part and which result in damage to the Company's
business or reputation.
12. Separation and Release Agreement
You must accept the terms of a separation agreement, including but not limited to a release of all claims that you may have
against the Company, the Company's directors, officers, employees and employee benefit plans, in a form provided by the Plan
Administrator or designee (the “Separation and Release Agreement”), as a condition for the payment of any severance benefits
under this Plan. In no event shall the terms and conditions of a Separation and Release Agreement required following a Change
of Control be significantly less favorable to you than the terms and conditions of the form of Separation and Release
Agreement customarily used by the Company prior to the Change of Control. You have no vested right to receive severance
benefits until you sign the Separation and Release Agreement and the expiration of any revocation period occurs. You must
sign and return the Separation and Release Agreement no later than the date specified in that Agreement.
13. Offset
Any severance pay provided to you under this Plan may be offset by reducing such amount by any severance pay, termination
pay or similar pay or allowance that you receive or are entitled to receive (i) under any other Company plan, policy, practice,
program or arrangement, other than a Company retirement plan; or (ii) by virtue of any law, custom or practice, excluding any
unemployment compensation that you may receive as a state unemployment award.
Any severance pay provided to you under this Plan shall also be offset by reducing such severance pay by any severance pay,
termination pay or similar pay or allowance you received as a result of any prior termination of employment with the Company.
Any severance pay and any notice pay provided to you under this Plan shall be offset by reducing such severance pay and
notice pay by any payments made to you by the Company pursuant to the Worker Adjustment and Retraining Notification Act
("WARN") and any similar federal, state or local law.
Any severance pay provided to you under this Plan shall be offset by reducing such severance pay by any payment made or
anticipated to be made to you under any Company or statutory disability plan, policy, practice, program or arrangement after
the Effective Date.
Any payment to you is subject to recovery or “clawback” by the Company if the payment is based on materially inaccurate
financial statements or any other materially inaccurate performance metric criteria, or as otherwise required by applicable law.
Prior to a Change of Control, (1) if the Company determines that you have taken action, or failed to act, in a manner which is
inimical to the best interests of the Company, the Company may, in its sole discretion, not pay any amount which has not then
been paid to you from this Plan and, in addition, may recover or “clawback” any amount which has already been
II-32