Company: L
Filing Date: 2025-04-02
Form Type: DEF 14A
Source: 0001140361-25-011755
Chunk: 62

Company: LOEWS CORP
Filing Date: 2025-04-02
Form: DEF 14A
Chunk 62
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ff) | “Section 409A” means Section 409A of the Code. |

| (gg) | “Securities Act” has the meaning set forth inSection 7(i)(iii). |

| (hh) | “Share Limit” has the meaning set forth inSection 5(a). |

| (ii) | “Stock” means shares of common stock of the Company, par value $0.01 per share. |

| (jj) | “Stock Appreciation Right” or “SAR” means an Award pursuant toSection 6(b)(i), payable in cash or Stock, that entitles a Grantee upon exercise to the excess of the Fair Market Value over the base price established in respect of the underlying Stock, which may be subject to a period of continued service, the attainment of Performance Goals and/or other terms and conditions as determined by the Committee and consistent with this Plan, as provided in the applicable Award Terms. |

| (kk) | “Subsidiary” means any entity in which the Company, directly or indirectly, owns stock or other equity interests possessing more than 50% of the combined voting power of all classes of the then outstanding stock or other equity interests. |

| (ll) | “Taxes” has the meaning set forth inSection 7(e). |

| (mm) | “Ten Percent Shareholder” means a person owning Stock possessing more than 10% of the total combined voting power of all classes of stock of the Company and of any Subsidiary. |

| (nn) | “Term” means the period beginning on the date of grant of an Award and ending on the date the Award expires pursuant to this Plan and the applicable Award Terms, as determined in accordance withSection 6(a). |

| (oo) | “Termination” of a Grantee will be considered to have occurred at the point in time that the Grantee ceases, for any reason, to be an employee, independent contractor or non-employee director of any member of the Company Group, including as a result of the fact that the entity by which such Grantee is employed or engaged or of which such Grantee is a director has ceased to be affiliated with the Company. |

| (pp) | “Treasury Regulations” means the regulations promulgated under the Code by the United States Treasury Department. |

Whenever used in this Plan or the Award Terms, (i) references to actions or determinations by or authority of the Committee will be to