The Hartford 2008 Annual Report Download - page 732

“Effective Date” means the effective date of the Plan identified in Section 7.10.
“Eligible Employee” means an Employee described in Section 3.2.
“Employee” means any person regularly employed by the Company and having an employment relationship principally
with the Company within the meaning of Code Section 423 (subject to the exclusion of such persons or classes of persons as
the Committee may determine that is consistent with The Hartford Investment and Savings Plan, Code Section 423 and other
applicable law), but shall not include any person who performs services for the Company as an independent contractor or
under any other non-employee classification.
“Exercise Price” means the purchase price for Shares purchased pursuant to the exercise of an Option identified in
Section 4.1.
“Fair Market Value” means, with respect to Shares on any particular date, the closing market price of the Shares on the
New York Stock Exchange on such date or the nearest prior business day on which trading occurred on the New York Stock
Exchange.
“Offering” means an offering to Participants of Options to purchase Shares under Section 4.1.
“Offering Commencement Date” means, prior to 2009, the first business day of the calendar quarter applicable to the
Offering. Effective with respect to any Offering Period commencing on or after January 1, 2009, “Offering Commencement
Date” means the first business day of January or July (or such other month that the Plan Administrator shall designate), with
respect to any Offering commencing in such month.
“Offering Termination Date” means, prior to 2009, the last business day of the calendar quarter applicable to the Offering.
Effective with respect to any Offering Period beginning on or after January 1, 2009, “Offering Termination Date” means the
last business day of the sixth calendar month (or such other month, not earlier than the third month nor later than the twelfth
month) ending after the Offering Commencement Date that the Plan Administrator shall designate.
“Option” means an option to purchase Shares granted pursuant to the Plan.
“Participant” means an Eligible Employee who has elected to participate in the Plan pursuant to Section 3.3, and who has
not become an ineligible Employee or withdrawn from participation in the Plan pursuant to Article III.
“Participating Corporation” means a corporation designated pursuant to Section 3.1(B).
“Person” has the meaning ascribed to such term in Section 3(a)(9) of the Act, as supplemented by Section 13(d)(3) of the
Act; provided, however, that Person shall not include (i) The Hartford, any subsidiary of The Hartford or any other Person
controlled by The Hartford, (ii) any trustee or other fiduciary holding securities under any employee benefit plan of The
Hartford or of any subsidiary of The Hartford, or (iii) a corporation owned, directly or indirectly, by the stockholders of The
Hartford in substantially the same proportions as their ownership of securities of The Hartford.
“Plan” means The Hartford Employee Stock Purchase Plan.
“Plan Administrator” has the meaning described in Article VI.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009