Travelers 2014 Annual Report Download - page 352

the Company will issue to you a Form 1099
- MISC or other applicable tax report for the year in which the shares of Common Stock
are delivered to you.
B. Except with respect to dividend equivalents for Units as provided above, the Units do not entitle you to any voting rights or
other rights of a shareholder of the Company until shares of Common Stock have been distributed in exchange for Units.
C. In addition to the terms and conditions set forth herein, the Awards are subject to (i) the terms and conditions of the 2014 Plan,
and to the extent that a deferral election has been made with respect to Units, the Directors Deferred Plan; and (ii) the prospectus
relating to the Awards as the same may be amended, modified and supplemented from time
- to - time.
D. This Award (and any prior Award that was made or vested after December 31, 2004) is intended to satisfy the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended (“Code”
), including any regulations or other guidance issued by
the United States Treasury Department under Section 409A of the Code, and should be interpreted accordingly. By way of
example, but not limitation, if a termination of service on the Board does not result in a separation from service under
Section 409A of the Code, distributions to you under this Notification will instead be determined by reference to separation from
service as defined under Section 409A of the Code.
E. This Notification constitutes the entire understanding between the parties hereto regarding the Units and supersedes all previous
written, oral, or implied understandings between the parties hereto about the subject matter hereof.
4.
Acceptance and Agreement by Director. By signing below, Participant accepts the Award and agrees to be bound by the terms,
conditions, and restrictions set forth in the 2014 Plan, this Notification, and the Company
’ s policies, as in effect from time to time, relating
to the 2014 Plan.
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Exhibit 12.1
THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THE TRAVELERS COMPANIES, INC.
DIRECTOR ’ S SIGNATURE
[Director Name]
Date:
Section 10: EX-12.1 (EX-12.1)
(for the year ended December 31, in millions,
except ratios)
2014
2013
2012
2011
2010
Income before income taxes
$
5,089
$
4,945
$
3,166
$
1,352
$
4,306
Interest
369
361
378
386
388
Portion of rentals deemed to be interest
71
64
64
63
68
Income available for fixed charges
$
5,529
$
5,370
$
3,608
$
1,801
$
4,762
Fixed charges:
Interest
$
369
$
361
$
378
$
386
$
388
Portion of rentals deemed to be interest
71
64
64
63
68
Total fixed charges
440
425
442
449
456
Preferred stock dividend requirements
—
—
—
1
4
Total fixed charges and preferred stock dividend
requirements
$
440
$
425
$
442
$
450
$
460
Ratio of earnings to fixed charges
12.57
12.63
8.17
4.01
10.44
Ratio of earnings to combined fixed charges and
preferred stock dividend requirements
12.57
12.63
8.17
4.00
10.35