Travelers 2014 Annual Report Download - page 331

not limited to such third parties as outside tax, accounting, technical and legal consultants when such third parties are assisting the Company or
other members of the Travelers Group in the implementation and administration of the Plan. The Participant understands that such recipients may
be located within the jurisdiction of residence of the Participant, or within the United States or elsewhere and are subject to the legal requirements
in those jurisdictions applicable to those organizations, for example, lawful requirements to disclose personal information such as the Personal Data
to government authorities in
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those countries. The Participant understands that the employees of the Travelers Group and third parties performing work related to the
implementation and administration of the Plan shall have access to the Personal Data as is necessary to fulfill their duties related to the
implementation and administration of the Plan. By accepting the Award, the Participant consents, to the fullest extent permitted by law, to the
collection, use, transfer and disclosure, electronically or otherwise, of his or her Personal Data by or to such entities for such purposes and the
Participant accepts that this may involve the transfer of Personal Data to a country which may not have the same level of data protection law as the
country in which this Award Agreement is executed. The Participant confirms that if the Participant has provided or, in the future, will provide
Personal Data concerning third parties including beneficiaries, the Participant has the consent of such third party to provide their Personal Data to
the Travelers Group for the same purposes.
The Participant understands that he or she may, at any time, request to review the Personal Data and require any necessary amendments to it by
contacting the Company in writing. Additionally, the Participant may always elect to forgo participation in the Plan or any other award program.
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EXHIBIT A
AWARD RULES
TO TRAVELERS ’ PERFORMANCE SHARES AWARD NOTIFICATION AND AGREEMENT
When you leave the Travelers Group
References to “you” or “your” are to the Participant. “Termination Date” is defined in Section 9(a) of the Award Agreement and means the date of
the termination of your employment with the Traveler Group (whether voluntary or involuntary) as reflected on the books and records of the
Travelers Group.
If you terminate your employment or if there is a break in your employment, your Award may be cancelled before the end of the Performance Period
and the vesting and settlement of your Award may be affected.
The provisions in the chart below apply to Awards granted under the Plan. Depending upon your employment jurisdiction upon the Grant Date,
special rules may apply for vesting, payment and settlement of your Award in cases of termination of employment if you satisfy certain age and
years of service requirements (“Retirement Rule”
), as set forth in “Retirement Rule” below. Participants based in countries outside the United
States on the Grant Date or in California immediately prior to the Termination Date should refer to Exhibit C for special rules that apply. For the
avoidance of doubt, the applicable vesting terms for your Award pursuant to Exhibits A, B and C shall be based on your employment jurisdiction
on the Grant Date.
If You:
Here’s What Happens to Your Award:
Terminate employment or your employment is terminated by the
Travelers Group for any reason other than due to death or disability
(but you do not meet the Retirement Rule)
Your rights under the Award are cancelled and your right to the
Performance Shares is forfeited.
Become disabled (as defined under the Travelers Group ’ s applicable
long - term disability plan or policy covering disabilities in your
employment jurisdiction)
You will be entitled to receive the number of shares of Common Stock
you would have received, if any, if your employment had not terminated
due to disability, multiplied by a fraction equal to the number of days
from the first day of the Performance Period to the earlier of (i) the
Termination Date or (ii) the first anniversary of the date of the
occurrence of the event giving rise to your disability (i.e. the
anniversary of the date of onset of your illness or other incapacity that
led to your disability), divided by the total number of days in the
Performance Period. Any such shares will be received at the time of
settlement of the Performance Shares after the end of the Performance
Period.
Take an approved personal leave of absence approved by the Travelers
Group under its Personal Leave Policy, if applicable
Your rights under the Award continue when you are on such leave of
absence for up to three months. Once your approved leave of absence
exceeds three months, your rights under the Award are suspended until
you return to work with the Travelers Group and remain actively
employed for 30 calendar days, after which your rights under the Award