The Hartford 2008 Annual Report Download - page 679

(e) At the beginning of a Performance Period, the Committee shall determine for each Key Employee or group of Key
Employees the number of Performance Shares or the percentage of Performance Shares which shall be paid to the Key
Employee or member of the group of Key Employees following completion of the Performance Period or if later, following
any applicable Restriction Period, if the applicable Performance Objectives are met in whole or in part.
(f) If a Key Employee terminates service with all Participating Companies during a Performance Period or any
applicable Restriction Period: (i) because of death, (ii) because of Total Disability, (iii) solely in the case of a Key Employee
with an original hire date with a Participating Company before January 1, 2002, because of his or her voluntary termination
of employment due to Retirement, or (iv) under other circumstances where the Committee in its sole discretion finds that a
waiver would be in the best interests of the Company; that Key Employee may, as determined by the Committee, be entitled
to payment in settlement of such Performance Shares at the end of the Performance Period or if later, at the end of any
applicable Restriction Period, based upon the extent to which the Performance Objectives were satisfied at the end of such
Performance Period and prorated for the portion of the Performance Period together with any applicable Restriction Period
during which the Key Employee was actively employed by any Participating Company. If a Key Employee terminates
service with all Participating Companies during a Performance Period or any applicable Restriction Period for any other
reason, then such Key Employee shall not be entitled to any Award with respect to that Performance Period and/or
Restriction Period unless the Committee shall otherwise determine.
(g) Each Award of a Performance Share shall be paid in whole shares of Stock, or cash, or a combination of Stock and
cash either as a lump sum payment or, if the Committee shall so determine at the time of the grant, in annual installments,
with payment to commence as soon as practicable (but in any event within 90 days) after the end of the relevant
Performance Period or if later, at the end of any applicable Restriction Period.
(h) Except as otherwise required by applicable law, no Performance Share granted under the Plan shall be transferable
other than by will or by the laws of descent or distribution.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009