Award Value. The Performance Share Units subject to this Agreement will be earned based on the Company’s performance for the Performance Period. Following the end of the Performance Period, the Committee shall determine the number of Performance Share Units earned for the Performance Period.
Award Value. Recipient will receive a special one-time deal incentive award with an aggregate value in the amount of $1,500,000 (the “Deal Incentive Award”).
Award Value. The estimated value of your long-term award ([options, performance awards, restricted stock units]) as of the date of grant was $[XXX], based on the closing price of The Hartford common stock on the Grant Date. [Ultimately, the value of the award will depend on the stock price [at the time of option exercise] [at the time of payment in the case of [restricted stock units]], [whether and the extent to which performance objectives are satisfied and the closing price of The Hartford’s common stock on the Committee certification date. Shares, net of taxes, are distributed soon after certification by the Committee.] This award is conditioned on your acceptance of the award [and on your agreement to the [Restriction on Solicitation of Employees] [and agreement to Restriction on Competition Following Retirement][set forth below,][and to The Hartford’s Arbitration Policy,] on or before [DATE]. If not accepted and agreed to by that date, the award will be cancelled. Acceptance/Acknowledgements: By accepting this award, you acknowledge: • that you have access to the Plan prospectus and the opportunity to read the terms of the Plan prior to your acceptance of this award, and you represent that you understand the terms of this award and accept this award subject to all the terms and conditions of the Plan, of the rules, procedures and interpretations thereunder, and of this award. • that you may consult a tax advisor regarding the tax aspects of this award and that you are not relying on The Hartford for any opinion or advice as to personal tax implications of this award. • that the award is subject to tax and that shares you actually receive will be net of shares withheld for taxes. • that this award does not constitute a contract of employment, nor is it a guarantee or promise of employment for any specific period of time. Employment at The Hartford and its subsidiaries (the “Company”) is terminable at will, which means that both you and The Company are free to terminate the employment relationship at any time for any lawful reason. 259
Award Value. At the beginning of a Performance Period, the ----------- Committee shall determine for each Eligible Employee or group of Eligible Employees with respect to that Performance Period the range of number of Shares, if any, in the case of Performance Shares, and the range of dollar values, if any, in the case of Performance Units, which may be fixed or may vary in accordance with such performance or other criteria specified by the Committee, which shall be paid to an Eligible Employee as an Award if the relevant measure of Company performance for the Performance Period is met.
Award Value. Participant’s Award hereunder shall be valued based on the Participant’s “award percentage” multiplied by the PT Bonus Pool. For purposes of this Agreement, the Participant’s “award percentage” is equal to [_]%.
Award Value. The Award LTIP Units subject to this Agreement will be earned based on the Company’s performance for the Performance Period. Following the end of the Performance Period, the Committee shall determine the number of Award LTIP Units earned for the Performance Period.
Award Value. As soon as administratively practicable after the end of the Award Period, the Committee shall certify the level attained for each Performance Objective. At such time, the Participant shall be awarded an Actual Value, if any, equal to the product of: (x) the number of Target Performance Units, multiplied by (y) the Performance Percentage (determined pursuant to Section 4), multiplied by (z) the Unit Value. The Award Value shall be subject to adjustments pursuant to the Plan and this Agreement.
Award Value. Participant’s Award shall be valued based on the Award Percentage multiplied by the PT Bonus Pool. Subject to the provisions in Section 7 hereof, the Participant’s Award Percentage is equal to [_]%.
Award Value. The estimated value of your long-term award ([options, performance shares, restricted stock units]) as of the date of grant was $[XXX], based on the closing price of The Hartford common stock on the Grant Date. Ultimately, the value of the award will depend on the stock price [at the time of option exercise] [at the end of the applicable period in the case of performance shares, restricted stock and restricted stock units], [whether and to what extent the performance share objectives are achieved, and other factors]. This award is conditioned on your acceptance of the award and on your agreement to the Restriction on Solicitation of Employees [and agreement to Restriction on Competition Following Retirement] set forth below, and to The Hartford’s Arbitration Policy, on or before [DATE]. If not accepted and agreed to by that date, the award will be cancelled. Acceptance/Acknowledgements: By accepting this award, you acknowledge: • that you have access to the Plan prospectus and the opportunity to read the terms of the Plan prior to your acceptance of this award, and you represent that you understand the terms of this award and accept this award subject to all the terms and conditions of the Plan, of the rules, procedures and interpretations thereunder, and of this award. • that you may consult a tax advisor regarding the tax aspects of this award and that you are not relying on The Hartford for any opinion or advice as to personal tax implications of this award. • that the award is subject to tax and that shares you actually receive will be net of shares withheld for taxes. • that this award does not constitute a contract of employment, nor is it a guarantee or promise of employment for any specific period of time. Employment at The Hartford is terminable at will, which means that both you and The Hartford are free to terminate the employment relationship at any time for any lawful reason.
