The Hartford 2008 Annual Report Download - page 688

13. Adjustments in Event of Change in Common Stock
In the event of any reorganization, merger, recapitalization, consolidation, liquidation, stock dividend, stock split,
reclassification, combination of shares, rights offering, split-up or extraordinary dividend (including a spin-off) or
divestiture, or any other change in the corporate structure or shares, the Committee shall make such adjustment in the Stock
subject to Awards, including Stock subject to purchase by an Option or issuable in respect of Restricted Units, or the terms,
conditions or restrictions on Stock or Awards, including the price payable upon the exercise of such Option and the number
of shares subject to Restricted Stock or Restricted Unit Awards, as shall be necessary to preserve Key Employee rights
substantially proportionate to those rights existing immediately prior to such transaction or event.
14. Miscellaneous
(a) If a Change of Control has not occurred and if the Committee determines that a Key Employee has taken action
inimical to the best interests of any Participating Company, the Committee may, in its sole discretion, terminate in whole or
in part such portion of any Option (including any related Right) as has not yet become exercisable at the time of termination,
terminate any Performance Share Award for which the Performance Period or any applicable Restriction Period has not been
completed or terminate any Award of Restricted Stock or Restricted Units for which the Restriction Period has not lapsed.
(b) Except as provided in Section 9, nothing in this Plan or any Award granted hereunder shall confer upon any
employee any right to continue in the employ of any Participating Company or interfere in any way with the right of any
Participating Company to terminate his or her employment at any time. No Award payable under the Plan shall be deemed
salary or compensation for the purpose of computing benefits under any employee benefit plan or other arrangement of any
Participating Company for the benefit of its employees unless the Company shall determine otherwise. No Key Employee
shall have any claim to an Award until it is actually granted under the Plan. To the extent that any person acquires a right to
receive payments from the Company under this Plan, such right shall be no greater than the right of an unsecured general
creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company and no
special or separate fund shall be established and no segregation of assets shall be made to assure payment of such amounts
except as provided in Section 7(e) with respect to Restricted Stock.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009