EX-108


		
			Exhibit 10.8
		

		
			The Hanover Insurance Group, Inc.
		

		
			2014-2015 Compensation of Non-Employee Directors
		

		
			— For the annual service period beginning on May 20, 2014, the date of the 2014 Annual Meeting of Shareholders—
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						Standard Fees

					
					
						  

					
					
						Description

				
	
					
						Annual Director Retainer

					
					
						  

					
					
						 

				
	
					
						- Stock Component

					
					
						  

					
					
						- $115,000 valuation

				
	
					
						 

					
					
						  

					
					
						- Granted on May 20, 2014. Issued pursuant to the Company’s 2014 Long-Term Incentive Plan (the “2014 Plan”)

				
	
					
						- Cash Component

					
					
						  

					
					
						- $75,000

				
	
					
						 

					
					
						  

					
					
						- Payable on or after May 20, 2014

				
	
					
						 

					
					
						 

				
	
					
						Committee Chairperson Annual Retainer

					
					
						  

					
					
						- $9,000 for the chairperson of the Nominating and Corporate Governance Committee, payable on or after May 20, 2014

				
	
					
						 

					
					
						  

					
					
						- $12,500 for the chairperson of the Compensation Committee, payable on or after May 20, 2014

				
	
					
						 

					
					
						  

					
					
						- $20,000 for the chairperson of the Audit Committee, payable on or after May 20, 2014

				
	
					
						 

					
					
						 

				
	
					
						Chairman of the Board Retainer

					
					
						  

					
					
						- $100,000

					
						- Payable on or after May 20, 2014

				
	
					
						 

					
					
						 

				
	
					
						Committee Annual Retainer

					
					
						  

					
					
						- $4,500 for each member of the Nominating and Corporate Governance Committee, payable on or after May 20, 2014

				
	
					
						 

					
					
						  

					
					
						- $6,250 for each member of the Compensation Committee, payable on or after May 20, 2014

				
	
					
						 

					
					
						  

					
					
						- $10,000 for each member of the Audit Committee, payable on or after May 20, 2014

				




			
					
						 

					
					
						 

					
					
						 

				
	
					
						Other

					
					
						  

					
					
						 

				


		 

 

			
					
						Deferred Compensation Plan

					
					
						  

					
					
						- Directors may defer receipt of their cash and stock compensation. Deferred cash amounts are accrued in a memorandum account that is credited with interest derived from the so-called General Agreement on Tariffs and Trade (GATT) Rate (3.80% in 2014). At the election of each director, cash deferrals of retainers may be converted to Common Stock of the Company with such stock issued pursuant to the 2014 Plan

				
	
					
						 

					
					
						 

				
	
					
						Conversion Program

					
					
						  

					
					
						- At the election of each director, cash retainers may be converted into Common Stock of the Company with such stock issued pursuant to the 2014 Plan

				
	
					
						 

					
					
						 

				
	
					
						Reimbursable Expenses

					
					
						  

					
					
						- Travel and related expenses incurred in connection with service on the Board of Directors and its Committees

				
	
					
						 

					
					
						 

				
	
					
						Matching Charitable Contributions

					
					
						  

					
					
						- Company will provide matching contributions to qualified charitable organizations up to $5,000 per director per year