TRAVELERS STOCK OPTION GRANT NOTIFICATION AND AGREEMENTStock Option Agreement • February 21st, 2008 • Travelers Companies, Inc. • Fire, marine & casualty insurance • Minnesota
The Participant understands that this Option and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the Option is contingent, and depends on the future market price of the Company’s common stock, among other factors. The Participant further confirms his or her understanding that the Option is intended to promote employee retention and stock ownership and to align employees’ interests with those of shareholders, is subject to vesting conditions and will be cancelled if vesting conditions are not satisfied. Thus, Participant understands that (a) any monetary value assigned to the Option in any communication regarding the award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, an
TRAVELERS PERFORMANCE SHARE AWARD NOTIFICATION AND AGREEMENT (This award must be accepted by . on , or it will be forfeited. Refer below to Section 12.)Performance Share Award Agreement • February 21st, 2008 • Travelers Companies, Inc. • Fire, marine & casualty insurance • Minnesota
TRAVELERS RESTRICTED STOCK UNIT AWARD NOTIFICATION AND AGREEMENT (This grant must be accepted by . on , or it will be forfeited. Refer below to Section 11.)Restricted Stock Unit Award Agreement • February 21st, 2008 • Travelers Companies, Inc. • Fire, marine & casualty insurance • Minnesota
The Participant understands that the Award and all other incentive awards are entirely discretionary and that no right to receive an award exists absent a prior written agreement with the Company to the contrary. The Participant also understands that the value that may be realized, if any, from the Award is contingent, and depends on the future market price of the Common Stock, among other factors. The Participant further confirms his or her understanding that the Award is intended to promote employee retention and stock ownership and to align employees’ interests with those of shareholders, is subject to vesting conditions and will be cancelled if vesting conditions are not satisfied. Thus, Participant understands that (a) any monetary value assigned to the Award in any communication regarding the Award is contingent, hypothetical, or for illustrative purposes only, and does not express or imply any promise or intent by the Company to deliver, directly or indirectly, any certain or de
