The Hartford 2008 Annual Report Download - page 713

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 or 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.
(c) The Committee shall have the right to make such provisions as deemed appropriate in its sole discretion to satisfy
any obligation of the Company to withhold federal, state or local income or other taxes (including FICA obligations)
incurred by reason of the operation of the Plan or an Award under the Plan, including but not limited to at any time: (i)
requiring a Key Employee to submit payment to the Company for such taxes before making settlement of any Award of
Stock or other amount due under the Plan, (ii) withholding such taxes from wages or other amounts due to the Key
Employee before making settlement of any Award of Stock or other amount due under the Plan, (iii) making settlement of
any Award of Stock or other amount due under the Plan to a Key Employee part in Stock and part in cash to facilitate
satisfaction of such withholding obligations, or (iv) receiving Stock already owned by, or withholding Stock otherwise due
to, the Key Employee in an amount determined necessary to satisfy such withholding obligations; provided, however, that,
notwithstanding any language herein to the contrary, any Key Employee who is an executive officer of the Company (within
the meaning of Section 16 of the Act) shall have the right to satisfy his or her obligations to the Company pursuant to this
Section 14(c) by instructing the Company not to deliver to the Key Employee Stock otherwise deliverable to the Key
Employee in an amount sufficient to satisfy such obligations to the Company.
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009