Document:

Exhibit 10.10

Exhibit 10.10

THE HARTFORD 2010 INCENTIVE STOCK PLAN:

ADMINISTRATIVE RULES

ADOPTED BY THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE

OF THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RELATING TO AWARDS FOR KEY EMPLOYEES

Set forth below are the Administrative Rules (“Rules”) which have been adopted by the Compensation
and Management Development Committee (the “Committee”) of the Board of Directors of The Hartford
Financial Services Group, Inc. (the “Company”) for the administration under The Hartford 2010
Incentive Stock Plan (the “Plan”) of Awards (as such term is defined in the Plan) for Key Employees
of the Company. These Rules have been adopted in accordance with the Plan which grants the
Committee full discretion and authority to interpret, construe and administer the Plan and any part
thereof. Any or all Rules outlined in this document may be amended, changed, or suspended by the
Committee at any time without prior notice to Key Employees participating in the Plan. In the
event of any conflict between these Rules and the provisions of the Plan, the Plan shall prevail.
Capitalized terms used herein shall have the meanings specified herein or assigned by the Plan.

	 	1.	 	Awards to Executives Who Report to the CEO or Who Are Section 16 Executive
Officers: Awards for those executives who report to the Chief Executive Officer and
executive officers as defined in Section 16 of the Act and as designated by the Board of
Directors (collectively “Senior Executive Officers”) shall be made by the Committee, or by
the Committee Chairman subject to subsequent ratification by the Committee,

	 	2.	 	Awards to Other Key Employees: Pursuant to Section 11(d) of the Plan, and to
the extent not inconsistent with the Plan, the Committee hereby delegates its authority to
the Chief Executive Officer or the Executive Vice President, Human Resources of the
Company (or other person holding a similar position) to grant Awards (and to determine all
matters related thereto) to Key Employees who are not Senior Executive Officers (as
defined above) after the date the Committee makes its annual Awards of Restricted Units to
Key Employees, as follows:

An Award of Restricted Stock or Restricted Units to a Key Employee under this Rule shall be
based upon the following guidelines, unless special circumstances (such as the need to
compensate a Key Employee for incentive awards from a prior employer that are forfeited in
connection with his or her employment by the Company) warrant deviation from such
guidelines:

	 	•	 	in the case of Restricted Units, a guideline Award value up to the target
annual Award amount applicable to the Key Employee, and, in the case of Restricted Stock, a guideline award value up to 100% of the Key Employee’s base salary

 

 

 

	 	•	 	guideline Award vesting pursuant to which the restrictions on an Award lapse
either on the third anniversary of the date of award, or in accordance with the
schedule applicable to the most recent Awards approved by the Committee for Key
Employees.

An Award of Options or Performance Shares to a Key Employee under this Rule shall be based
upon the following guidelines, unless special circumstances (such as the need to compensate
a Key Employee for incentive awards from a prior employer that are forfeited in connection
with his or her employment by the Company) warrant deviation from such guidelines:

	 	•	 	Awards of Options and Performance Shares shall be made only to Key Employees
who are not in Tier 3 and below

	 	•	 	a guideline Award value up to the target annual Award amount applicable to
the Key Employee

	 	•	 	guideline Award vesting pursuant to which the restrictions on an Award lapse
either on the third anniversary of the date of award, or in accordance with the
schedule applicable to the most recent Awards approved by the Committee for Key
Employees.

Awards granted pursuant to the authority delegated hereunder shall be periodically reported
to the Committee.

	 	3.	 	Termination Rules for Restricted Units and Performance Shares. Pursuant to
the discretion granted to the Committee with respect to vesting of Restricted Units and
Performance Shares, if a Key Employee (including a Senior Executive Officer) terminates
employment with all Participating Companies during a Restriction Period or Performance
Period because of (a) death, (b) Total Disability, or (c) his or her termination of
employment due to Retirement, that Key Employee shall be entitled, following the end of
the applicable Restriction Period or Performance Period, to a prorated payment in
settlement of such Restricted Units and Performance Shares, with such proration based on
the portion of the Restriction Period or Performance Period during which the Key Employee
was employed by a Participating Company.

	 	4.	 	Termination Rules for Options. Pursuant to the discretion granted to the
Committee with respect to vesting of Options, if a Key Employee (including a Senior
Executive Officer) terminates employment with all Participating Companies because of (a)
death, (b) Total Disability, or (c) his or her termination of employment due to
Retirement, any Options held by that Key Employee which are not fully exercisable
immediately prior to such optionee’s termination of employment shall become fully
exercisable upon such death, Total Disability or Retirement, provided however that, in the
event of a Key Employee’s Retirement, the Key Employee’s termination of employment is at
least one year after the date of grant of the Options.

 

 

 

	 	5.	 	Termination Rules for Restricted Stock. Pursuant to the discretion granted
to the Committee with respect to vesting of Restricted Stock, if a Key Employee terminates
employment with all Participating Companies during a Restriction Period, the restrictions
applicable to the shares of Restricted Stock awarded to such Key Employee shall not lapse
upon such termination of employment (and the shares of Restricted Stock shall not become
vested) except as may be otherwise provided in Section 9 of the Plan (regarding a Change
of Control) or such Key Employee’s Award Document, or as may be specifically approved by
the Committee, regardless of the reason for such termination of employment.

	 	6.	 	Crediting of Dividend Equivalents to Restricted Units. Pursuant to Section
7(g) of the Plan, the Restricted Unit account of a Key Employee shall be credited with
Dividend Equivalents during the Restriction Period, which shall be subject to the same
terms and conditions (and become payable and be paid) as the Restricted Units to which
they relate. All Dividend Equivalents payable in respect of Restricted Units shall be
deemed reinvested in that number of Restricted Units determined based on the Fair Market
Value on the date the corresponding dividend on the Stock is payable to stockholders.

	 	7.	 	Termination of Awards. The Committee may in its sole discretion terminate in
whole or in part such portion of a Key Employee’s Award of Restricted Stock, Restricted
Units, Performance Shares, Options, or Rights as has not at the time of such termination
become vested or with respect to which any applicable Performance Period or Restriction
Period has not lapsed, if the Committee determines that such Key Employee is not
performing satisfactorily the duties to which he or she was assigned (or duties of at
least equal responsibility) on the date the Award was made to the Key Employee.

	 	8.	 	Definition of Total Disability. A “Key Employee” shall be deemed to have
terminated employment by reason of Total Disability for purposes of the Plan if the Key
Employee becomes entitled to receipt of long term disability benefits under the Company’s
Long-Term Disability Benefits Plan for Salaried Employees.

	 	9.	 	Tax Withholding. Federal, state and local income or other taxes to be
withheld with respect to Awards for a Key Employee shall be satisfied by retaining Stock
otherwise deliverable to the Key Employee in an amount sufficient to satisfy the
withholding obligations applicable in respect of such Awards, unless other arrangements
satisfactory to the Executive Vice President, Human Resources are made for withholding.Exhibit 10.11

Exhibit 10.11

THE HARTFORD 2010 INCENTIVE STOCK PLAN:

ADMINISTRATIVE RULES

ADOPTED BY THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE

OF THE HARTFORD FINANCIAL SERVICES GROUP, INC.

RELATING TO AWARDS FOR NON-EMPLOYEE DIRECTORS

Set forth below are the Administrative Rules (“Rules”) which have been adopted by the Compensation
and Management Development Committee (the “Compensation Committee”) of the Board of Directors of
The Hartford Financial Services Group, Inc. (the “Company”) for the administration of awards under
The Hartford 2010 Incentive Stock Plan (the “Plan”) for Non-Employee Directors of the Company.
All terms and conditions of the Plan (including those relating to any Change of Control of the
Company), as it may be amended from time to time, and the rules and interpretations applicable
under the Plan, as they may be adopted by the Compensation Committee from time to time, shall apply
to all awards granted under the Plan except as otherwise provided pursuant to the Rules set forth
herein. Capitalized terms used herein shall have the meanings specified herein or assigned by the
Plan.

	 	1.	 	Annual Non-Employee Director Restricted Stock Awards. An annual award of
Restricted Stock automatically shall be made, on such date as may be determined
appropriate by the Nominating and Corporate Governance Committee of the Board (the
“Nominating Committee”) from time to time, to each director of the Company who is not an
officer of, or otherwise employed by, the Company or any of its subsidiaries or affiliates
(“Non-Employee Director”).

	 	2.	 	Amount of Awards. The amount of each Non-Employee Director’s annual
Restricted Stock award shall equal the number of whole shares of Stock (rounded up to the
nearest whole share) determined by dividing (a) the dollar amount of the annual award as
may be in effect at the time of award as determined by the Nominating Committee, by (b)
the Fair Market Value of the Stock on the date of award.

	 	3.	 	General Rule for Lapse of Restrictions on Restricted Stock. Except as
otherwise provided in the Plan, the restrictions on Restricted Stock awarded to
Non-Employee Directors under the Plan shall lapse in accordance with the following vesting
schedule (or such other vesting schedule as may be determined appropriate by the
Nominating Committee from time to time): the restrictions on such Restricted Stock shall
lapse on the earlier of (i) the last day of the Board service year (the period between
dates of Annual Meetings of Stockholders) during which he or she is elected or (ii) the
first anniversary of the award grant date. Notwithstanding the preceding sentence, the
restrictions on Restricted Stock awarded to a Non-Employee Director shall lapse
automatically upon the occurrence of any of the following events: (a) retirement from
service

 

 

 

on the Board at age 75, (b) death of the Non-Employee Director, (c) Total Disability of the
Non-Employee Director, (d) resignation by the Non-Employee Director under cases of special
circumstances where the Committee, in its sole discretion, consents to waive any remaining
restriction, or (e) a Change of Control (in the event of a Change of Control as described
in Section 9(a)(iii) or Section 9(a)(iv) of the Plan, in the case of a Non-Employee
Director whose service on the Board involuntarily terminates on or after the date of the
stockholder approval described in either of such Sections but before the date of the
consummation described in either of such Sections, the date of termination of such
Non-Employee Director’s service shall be deemed for purposes of the Plan to be the day
following the date of the applicable consummation). Restricted Stock shall be forfeited
only when the Committee, in its sole discretion, so determines.

	 	4.	 	Registration of Restricted Stock. All shares of restricted stock granted to
Non-Employee Directors will be registered in their respective names and held in escrow by
the Company until the restrictions on such shares lapse in accordance with the Plan and
these Rules. Shares of restricted stock may be evidenced on a book entry or electronic
basis or pursuant to other arrangements (including, without limitation, in an omnibus or
nominee account administered by a third party), rather than such shares being registered
in the respective names of the Non-Employee Directors and held in escrow, so long as the
 shares of restricted stock to the credit of each Non-Employee Director may be accurately
determined.

	 	5.	 	Dividends and Voting Rights. Pursuant to Section 7(j) of the Plan,
Non-Employee Directors shall receive dividends with respect to all Restricted Stock held
in escrow on their behalf and shall have the right to vote such Restricted Stock.

	 	6.	 	Prorated Awards for Non-Employee Directors Elected After Annual Non-Employee
Director Restricted Stock Awards are Made. A Non-Employee Director elected to the
Board after the annual Non-Employee Director Restricted Stock Awards described in Rule 1
are made shall receive a prorated annual Award of Restricted Stock (rounded up to the
nearest whole share) for the portion of the Board service year (the period between dates
of Annual Meetings of Stockholders) during which he or she is elected. The amount of such
award shall be determined by dividing (a) the dollar amount in effect under Rule 2 for the
immediately preceding annual Non-Employee Director Restricted Stock Awards under Rule 1,
by (b) the Fair Market Value of the Stock on the date of such Non-Employee Director’s
election, and (c) multiplying the resulting amount by the “Service Fraction.” The Service
Fraction shall mean the fraction resulting from dividing (i) the nearest number of whole
months that are expected to elapse between the date of such Non-Employee Director’s
election and the next Annual Meeting of Stockholders, by (ii) the nearest number of whole
months that are expected to elapse between the immediately preceding Annual Meeting of
Stockholders and the next Annual Meeting of Stockholders. A Non-Employee

 

 

 

Director who is
elected to the Board after the annual Non-Employee Director Restricted Stock Awards described in Rule 1 are made, but before the start of the Board
service year to which such Restricted Stock Awards relate, shall also receive the full
annual Restricted Stock Award for such upcoming Board service year, calculated by dividing
(a) the dollar amount in effect under Rule 2 for such upcoming Board service year, by (b)
the Fair Market Value of the Stock on the date of such Non-Employee Director’s election.
The effective date of any such award shall be the date of such Non-Employee Director’s
election.

	 	7.	 	Voluntary Deferrals. A Non-Employee Director may elect to receive Restricted
Units in lieu of all or a portion of compensation otherwise payable in cash for a Board
service year, including the annual Board cash retainer, any Board committee chair cash
retainer, and Board and committee meeting fees earned in conjunction with service on the
Board. Such election, along with the election as to when the Restricted Units are to be
distributed, shall be made in the calendar year before the start of the applicable Board
service year, and shall be irrevocable as of the end of such calendar year. The available
elections as to when the Restricted Units are to be distributed shall be the same as are
then in effect under The Hartford Deferred Compensation Plan. Any such Restricted Units
shall be credited to the Non-Employee Director as of the last trading day of the calendar
quarter in which the amount would otherwise have been payable to the director in cash.
The number of Restricted Units credited shall be determined by dividing that dollar amount
by the Fair Market Value of the Stock on the last trading date of the calendar quarter.
During the Restriction Period, dividend equivalents will be reinvested in Restricted
Units. Any Restricted Units credited as a dividend equivalent (including any dividend
equivalents credited on Restricted Units that were previously credited as dividend
equivalents) shall be payable to a Non-Employee Director at the same time and subject to
the same conditions as are applicable to the Restricted Units in respect of which such
dividend equivalents were credited.

	 	8.	 	Election to Receive Stock in Lieu of Annual Cash Retainer. A Non-Employee
Director may elect to receive unrestricted Stock in lieu of all or a portion of the annual
Board cash retainer for a Board service year. Such election shall be made prior to the
start of the applicable Board service year. Any such unrestricted Stock shall be
transferred to the Non-Employee Director as of the first trading day of the trading window
next following the start of the applicable Board service year. The number of shares of
Stock transferred shall be determined by dividing the elected dollar amount of the annual
Board cash retainer by the Fair Market Value of the Stock on the first day of the
applicable trading window.

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