Document:

EX-10.02

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT, amended and restated as of September 7, 2006 by and between The Hartford
Financial Services Group, Inc., a Delaware corporation (the “Company”), and David K. Zwiener
(“Executive”).

W I T N E S S E T H:

WHEREAS, the Company and Executive entered into an Employment Agreement, dated as of July 1,
1997 (the “Commencement Date”), in accordance with which Executive is performing substantial
services for the Company; and

WHEREAS, the Company and Executive desire to amend and restate that Employment Agreement,
effective as of the date first written above;

NOW, THEREFORE, in consideration of the mutual covenants herein contained and Executive’s
continued participation in certain incentive compensation plans pursuant to which the level, if
any, of participation is determined by the administrators of such plans, the Company and Executive
hereby agree that the Employment Agreement is amended and restated to read as follows (hereinafter
referred to in its amended form as the “Agreement”), effective as of the date first written above:

1. Employment.

(a) Agreement to Employ. Upon the terms and subject to the conditions of this
Agreement, the Company hereby agrees to continue to employ Executive and Executive hereby
agrees to continue his employment by the Company.

(b) Term of Employment. Except as otherwise provided below, the Company shall
employ Executive for the period commencing on the Commencement Date and ending on the third
anniversary of the Commencement Date. At the expiration of the original term or any extended
term (each a “Renewal Date”), Executive’s employment hereunder shall be extended automatically,
upon the same terms and conditions, for successive one-year periods, unless either party shall
give written notice to the other of its intention not to renew such employment at least fifteen
months prior to such Renewal Date. Without limiting the generality of the foregoing, upon the
occurrence of a Change of Control (as defined below), the term of this Agreement shall be
extended automatically without any action by either party until the second anniversary of such
Change of Control. Notwithstanding the foregoing, if not previously terminated pursuant to
Sections 1(b), 5(a) or 6(a), the term of this Agreement shall terminate on the last day of the
month in which Executive attains age 65, and such a termination upon Executive reaching age 65
shall be deemed to be a Termination Due to Retirement for purposes of this Agreement. The
period during which Executive is employed pursuant to this Agreement, including any extension
thereof in accordance with this Section 1(b), shall be referred to as the “Employment Period.”

2. Position and Duties.

During the Employment Period, Executive shall serve as Executive Vice President of the Company,
and/or in such other position or positions with the Company or its affiliates commensurate with
his position and experience as the Board of Directors of the Company (the “Board”) or the
Chairman of the Company (the “Chairman”) shall from time to time specify. During the
Employment Period, Executive shall have the duties, responsibilities and obligations
customarily assigned to individuals serving in the position or positions in which Executive
serves hereunder and such other duties, responsibilities and obligations as the Board or the
Chairman shall from time to time specify. Executive shall devote his full time to the services
required of him hereunder, except for vacation time and reasonable periods of absence due to
sickness, personal injury or other disability, and shall use his best efforts, judgement, skill
and energy to perform such services in a manner consonant with the duties of his position and
to improve and advance the business and interests of the Company and its affiliates. During
the Employment Period, Executive shall comply with the Code of Conduct of the Company. Unless
and to the extent inconsistent with the terms of any published Company policy or code of
conduct as in effect on the date hereof and as hereafter amended, nothing contained herein
shall preclude Executive from (a) serving on the board of directors of any business corporation
with the consent of the Board or the Chairman, (b) serving on the board of, or working for, any
charitable or community organization, or (c) pursuing his personal financial and legal affairs,
so long as the foregoing activities, individually or collectively, do not interfere with the
performance of Executive’s duties hereunder or violate any of the provisions of Section 9
hereof.

3. Compensation.

(a) Base Salary. During the Employment Period, the Company shall pay
Executive a base salary at the annual rate as in effect on the date hereof. The annual
base salary payable under this paragraph shall be reduced, however, to the extent that
Executive elects to defer such salary under the terms of any deferred compensation or
savings plan or arrangement maintained or established by the Company or its affiliates.
The Board or the appropriate committee of the Board may in its discretion periodically
review Executive’s base salary in light of competitive practices, the base salaries
paid to other executive officers of the Company and the performance of Executive and
the Company and its applicable affiliates, and may, in its discretion, increase such
base salary by an amount it determines to be appropriate. Any such increase shall not
reduce or limit any other obligation of the Company hereunder. Executive’s base salary
(as set forth above or as may be increased from time to time) shall not be reduced
following any Change of Control, but may be reduced prior to a Change of Control solely
pursuant to a cost-saving plan or structural realignment of total compensation elements
that includes all senior executives and only to the extent that such reduction is
proportionate to the reductions applicable to other senior executives. Executive’s
annual base salary payable hereunder, as it may be increased or reduced from time to
time as provided herein and without reduction for any amounts deferred as described
above, shall be referred to herein as “Base Salary.” The Company shall pay Executive
the portion of his Base Salary not deferred not less frequently than in equal monthly
installments.

(b) Annual Bonus. For each calendar year ending during the Employment Period,
Executive shall have the opportunity to earn and receive an annual bonus, based on the
achievement of target levels of performance, equal to the percentage of his Base Salary used
to calculate such annual bonus as of the date hereof. Executive’s annual bonus opportunity
may be increased above such percentage from time to time by the Board or the appropriate
committee thereof. Executive’s annual bonus opportunity shall not be reduced following any
Change of Control, but may be reduced prior to a Change of Control solely pursuant to a
cost-saving plan or structural realignment of total compensation elements that includes all
senior executives and only to the extent that such reduction is proportionate to the
reductions applicable to other senior executives. Executive’s annual bonus opportunity, as
it may be increased or reduced from time to time as provided herein, shall be referred to
herein as “Target Bonus.” The actual bonus, if any, payable for any such year shall be
determined in accordance with the terms of the Company’s Annual Executive Bonus Program or
any successor annual incentive plan (the “Annual Plan”) based upon the performance of the
Company and/or its applicable affiliates and/or Executive against target objectives
established under such Annual Plan. Subject to Executive’s election to defer all or a
portion of any annual bonus payable hereunder pursuant to the terms of any deferred
compensation or savings plan or arrangement maintained or established by the Company or its
affiliates, any annual bonus payable under this Section 3(b) shall be paid to Executive in
accordance with the terms of the Annual Plan.

(c) Long-term Incentive Compensation. During the Employment Period, Executive shall
participate in all of the Company’s existing and future long-term incentive compensation
programs for key executives at a level commensurate with his position with the Company and
consistent with the Company’s then current policies and practices, as determined in good
faith by the Board or the appropriate committee of the Board.

4. Benefits, Perquisites and Expenses.

(a) Benefits. During the Employment Period, Executive (and, to the extent
applicable, his dependents) shall be eligible to participate in or be covered under (i) each
welfare benefit plan or program maintained or as hereafter amended or established by the
Company or its applicable affiliates, including, without limitation, each group life,
hospitalization, medical, dental, health, accident or disability insurance or similar plan
or program of thereof, and (ii) each pension, retirement, savings, deferred compensation,
stock purchase or other similar plan or program maintained or as hereafter amended or
established by the Company or its applicable affiliates, in each case to the extent that
Executive is eligible to participate in any such plan or program under the generally
applicable provisions thereof. Nothing in this Section 4(a) shall limit the Company’s right
to amend or terminate any such plan or program in accordance with the procedures set forth
therein or as permitted by applicable law.

(b) Perquisites. For each calendar year during the Employment Period, Executive
shall be entitled to at least the number of paid vacation days per year that Executive is
entitled to as of the date hereof, and shall also be entitled to receive such other
perquisites as are generally provided to him as of the date hereof or are hereafter provided
to other similarly situated senior executives of the Company in accordance with the then
current policies and practices of the Company.

(c) Business Expenses. During the Employment Period, the Company shall pay or
reimburse Executive for all reasonable business expenses incurred or paid by Executive in
the performance of Executive’s duties hereunder, upon presentation of expense statements or
vouchers and such other information as the Company may require and in accordance with the
generally applicable policies and procedures of the Company.

(d) Office and Support Staff. During the Employment Period, Executive shall be
entitled to an office with furnishings and other material appointments, and to secretarial
and other assistance, at a level that is at least commensurate with the foregoing provided
to him as of the date hereof or is hereafter provided to other similarly situated senior
executives of the Company.

(e) Indemnification. The Company shall indemnify Executive and hold Executive
harmless from and against any claim, loss or cause of action, regardless whether asserted
during or after the Employment Period, arising from or out of Executive’s performance as an
officer, director or employee of the Company or any of its affiliates or in any other
capacity, including any fiduciary capacity in which Executive serves at the request of the
Company, to the maximum extent permitted by applicable law and under the Certificate of
Incorporation and By-Laws of the Company, as may be amended from time to time (the
“Governing Documents”), provided that in no event shall the protection
afforded to Executive be less than that afforded under the Governing Documents as in effect
on the Commencement Date.

5. Termination of Employment.

The provisions of this Section 5 shall apply prior to the occurrence of a Change of Control and, if
Executive is still in the Company’s employ, shall again become applicable upon the second
anniversary of such Change of Control.

(a) Early Termination of the Employment Period. Notwithstanding Section 1(b)
hereof, the Employment Period shall end upon the earliest to occur of (i) a Termination For
Cause, (ii) a Termination Without Cause, (iii) a Voluntary Termination, (iv) a Termination
Due to Retirement, (v) a Termination Due to Disability, or (vi) a Termination Due to Death.

(b) Notice of Termination. Communication of termination under this Section 5 shall
be made to the other party by Notice of Termination in the case of (i) a Termination For
Cause, (ii) a Termination Without Cause, or (iii) a Voluntary Termination.

	 	(c)	 	Benefits Payable Upon Termination; Rules for Determining Reason for
Termination.

	 	(i)	 	Benefits Payable Upon Termination. Following the end of
the Employment Period pursuant to Section 5(a), Executive (or, in the event of
his death, his surviving spouse, if any, or if none, his estate) shall be paid
the type or types of compensation determined to be payable in accordance with the
following table, such payment to be made in the form specified in such table and
at the time established pursuant to Section 7 hereof. Capitalized terms used in
such table shall have the meanings set forth in Section 5(d) hereof.

(ii) Rules for Determining Reason for Termination.

(A) If a Voluntary Termination occurs on a date that Executive is eligible for
Retirement as defined in The Hartford Investment and Savings Plan, as may be
amended from time to time, or any successor plan thereof (the “Savings Plan”),
such Voluntary Termination shall instead be treated as a Termination Due to
Retirement solely for purposes of this Section 5.

(B) No Termination Without Cause shall be treated as a Termination Due to
Retirement or a Termination Due to Disability for purposes of any Pro Rata Target
Bonus, Severance Payment, Equity Awards or Vested Benefits Enhancement under this
Section 5, notwithstanding the fact that, either on, before or after the date of
termination of the Employment Period with respect thereto, (I) Executive was
eligible for Retirement as defined in the Savings Plan, (II) Executive requested
to be treated as a retiree for purposes of the Savings Plan or any other plan or
program of the Company or its affiliates, or (III) Executive or the Company could
have terminated Executive’s employment in a Termination Due to Disability
hereunder.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	
 
	 	 	 	 	 	BENEFITS PAYABLE :
	 	NON-CHANGE OF CONTROL
	 	

	 	

	 	

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	BENEFIT:

	 	Accrued Salary
	 	Pro Rata Target

Bonus
	 	Severance Payment
	 	Equity Awards
	 	Vested Benefits
	 	Vested Benefits

Enhancement (only

applicable in the

event that

Executive’s

employment by the

Company terminates

prior to July 1,

2009)
	 	

Welfare

Benefits

Continuation
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	FORM OF PAYMENT:

	 	Lump Sum
	 	Lump Sum
	 	Lump Sum
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	Lump Sum
	 	Determined Under

the Applicable Plan
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination For

Cause

	 	Payable
	 	Not Payable
	 	Not Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Not Payable
	 	Not

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	 	 	Options /Restricted

Stock:
	 	

	 	

	 	

	
 
	 	 	 	 	 	 	 	Payable
	 	

	 	

	 	

	
 
	 	 	 	 	 	 	 	 
	 	

	 	

	 	

	Termination Without

Cause

	 	Payable
	 	Payable
	 	Payable
	 	Other Equity

Awards: Determined

Under the

Applicable Plan
	 	

Determined Under

the Applicable Plan
	 	

Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Voluntary

Termination

	 	Payable
	 	Determined Under

the Applicable Plan
	 	Not

Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Retirement

	 	Payable
	 	Determined Under

the Applicable Plan
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Disability

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Death

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

(d) Definitions.

“Accrued Salary” means any Base Salary earned, but unpaid, for services
rendered to the Company on or prior to the date on which the Employment
Period ends pursuant to Section 5(a) (other than Base Salary deferred
pursuant to Executive’s election, as contemplated by Section 3(a)
hereof), plus any vacation pay accrued by Executive as of such date.

“Available” means that the particular benefit shall be made available to
Executive to the extent specifically provided herein or required by
applicable law.

“Determined Under the Applicable Plan” means that the determination of
whether a particular benefit shall or shall not be paid to Executive,
and, where specifically required by this Agreement, the timing or form
of any benefit payment, shall be made solely by application of the terms
of the plan or program providing such benefit, except to the extent that
the terms of such plan or program are expressly superseded or modified
by this Agreement.

“Equity Awards” means the outstanding stock option, restricted
stock, restricted stock unit, performance share and other equity or
long-term incentive compensation awards, if any, held by Executive as of
the date of his termination.

“ERPs” means any excess retirement plans maintained or as hereafter
amended or established by the Company or its applicable affiliates.

“ESPs” means any excess investment and savings plans maintained or as
hereafter amended or established by the Company or its applicable
affiliates.

“Lump Sum” means a single lump sum cash payment.

“Not Available” means that the particular benefit shall be not be made
available to Executive, except to the extent required by applicable law.

“Notice of Termination” means (i) in the case of a Termination For
Cause, a written notice given by the Company to Executive within 30
calendar days of the Company’s having actual knowledge of the events
giving rise to such Termination For Cause, (ii) in the case of a
Termination Without Cause, a written notice given by the Company to
Executive at least 30 days before the effective date of such Termination
Without Cause, and (iii) in the case of a Voluntary Termination, a
written notice given by Executive to the Company

indicating the effective date of Executive’s termination of the
Employment Period in such Voluntary Termination, such effective date to
be no earlier than 30 days following the date such notice is received by
the Company from Executive.

“Not Payable” means (i) with respect to benefits other than Equity
Awards, such benefits shall not be paid or otherwise provided to
Executive, and (ii) with respect to Equity Awards, such Equity Awards,
to the extent unvested, unexercisable, or subject to restrictions that
have not yet lapsed, shall be forfeited and/or canceled as of the date
of termination of the Employment Period, unless otherwise determined by
the Board or the appropriate committee of the Board in its discretion.

“Payable” means (i) with respect to benefits other than those described
in clause (ii) of this paragraph, such benefits shall be paid to
Executive in the amount, at the time, and in the form specified herein,
and (ii) with respect to benefits described in this clause (ii), the
following shall apply solely in the event of a Termination Without
Cause, notwithstanding anything in the applicable plan or program to the
contrary: (A) with respect to any outstanding stock options not yet
expired as of the date of termination of the Employment Period,
Executive shall be treated as though he remained in the employ of the
Company for the two year period following such date, and except to the
extent that any such options first expire during such period under the
applicable plan or program, (I) any such options that would have become
vested over such two year period solely by reason of Executive remaining
in the employ of the Company during such period shall become immediately
vested and nonforfeitable, (II) with respect to any options that by
their terms would vest if the stock of the Company or an affiliate were
to reach a specified market price, such options shall become vested and
nonforfeitable if and when such stock reaches such price during such two
year period, and (III) Executive shall have an additional two years to
exercise any vested options (beyond the time to exercise such options
permitted under the applicable plan or program), and (B) with respect to
any restricted stock subject to restrictions that have not yet lapsed as
of the date of termination of the Employment Period, such restrictions
shall be deemed to have lapsed and such restricted stock shall become
immediately vested and nonforfeitable as of such date.

“Pro-Rata Target Bonus” means an amount equal to the product of: (i) an
amount equal to the Target Bonus Executive would have been entitled to
receive under Section 3(b) for the calendar year in which the Employment
Period terminates, and (ii) a fraction (the “Service Fraction”), the
numerator of which is equal to the number of rounded months in such
calendar year which have elapsed as of the date of such termination, and
the denominator of which is 12; provided that, if the
Employment Period terminates in the last quarter of any calendar year,
the Pro-Rata Target Bonus shall be the amount determined under the above
formula or, if greater, the product of: (A) the bonus that would have
been paid to Executive based on actual performance for such calendar
year, and (B) the Service Fraction.

“Severance Payment” means an amount equal to two times the sum of: (i)
Executive’s Base Salary at the rate in effect as of the date of
termination of the Employment Period, and (ii) Executive’s Target Bonus
amount under Section 3(b) hereof for the calendar year in which the
Employment Period terminates.

“Termination Due to Death” means a termination of Executive’s employment
due to the death of Executive.

“Termination Due to Disability” means (i) a termination of Executive’s
employment by the Company as a result of a determination by the Board or
the appropriate committee thereof that Executive has been incapable of
substantially fulfilling the positions, duties, responsibilities and
obligations set forth in this Agreement on account of physical, mental
or emotional incapacity resulting from injury, sickness or disease for a
period of (A) at least four consecutive months, or (B) more than six
months in any twelve month period, or (ii) Executive’s termination of
employment on account of Disability as defined in The Hartford
Investment and Savings Plan, as may be amended from time to time.

“Termination Due to Retirement” means Executive’s termination of
employment on account of Executive’s Retirement as defined in The
Hartford Investment and Savings Plan, as may be amended from time to
time.

“Termination For Cause” means a termination of Executive’s employment by
the Company for any of the following reasons: (i) Executive is convicted
of or enters a plea of guilty or nolo contendere to a felony, a
crime of moral turpitude, dishonesty, breach of trust or unethical
business conduct, or any crime involving the business of the Company or
its affiliates; (ii) in the performance of his duties hereunder or
otherwise to the detriment of the Company or its affiliates, Executive
engages in (A) willful misconduct, (B) willful or gross neglect, (C)
fraud, (D) misappropriation, (E) embezzlement, or (F) theft; (iii)
Executive willfully fails to adhere to the policies and practices of the
Company or devote substantially all of his business time and effort to
the affairs thereof, or disobeys the directions of the Board to do
either of the foregoing; (iv) Executive breaches this Agreement in any
material respect; (v) Executive is adjudicated in any civil suit to have
committed, or acknowledges in writing or in any agreement or stipulation
his commission, of any theft, embezzlement, fraud or other intentional
act of dishonesty involving any other person; or (vi) Executive violates
the Code of Conduct of the Company.

“Termination Without Cause” means any involuntary termination of
Executive’s employment by the Company other than a Termination For
Cause, a Termination Due to Disability or a Termination Due to Death.

“Vested Benefits” means amounts that are vested or that Executive is
otherwise entitled to receive, without the performance by Executive of
further services or the resolution of a contingency, under the terms of
or in accordance with any investment and savings plan or retirement plan
of the Company or its affiliates, and any ERPs or ESPs related thereto,
and any deferred compensation or employee stock purchase plan or similar
plan or program of the Company or its affiliates.

“Vested Benefits Enhancement” means (i) a cash amount equal to the
present value, calculated using a discount rate equal to the then
prevailing applicable Federal rate as determined under Section 1274(d)
of the Internal Revenue Code of 1986, as amended (the “Code”), of the
additional retirement benefits that would have been payable or available
to Executive under any ERPs, based on (A) the age and service Executive
would have attained or completed had Executive continued in the
Company’s employ until the second anniversary of the date of termination
of the Employment Period, and (B) where compensation is a relevant
factor, his pensionable compensation as of such date, such compensation
to include, on the same terms as apply to other executives, any
Severance Payment made to Executive, and (ii) solely for purposes
vesting in any benefits under any ESPs, Executive shall be treated as
having continued in the Company’s employ until the second anniversary of
the date of termination of the Employment Period. A Vested Benefits
Enhancement shall only be applicable in the event that Executive’s
employment by the Company terminates prior to July 1, 2009.

“Voluntary Termination” means any voluntary termination of Executive’s
Employment by Executive pursuant to this Section 5, other than a
Termination Due to Retirement or a Termination Due to Disability by
Executive.

“Welfare Benefits Continuation” means that until the second anniversary
of the date of termination of the Employment Period, Executive and, if
applicable, his dependents shall be entitled to continue participation
in the life and health insurance benefit plans of the Company or its
affiliates in which Executive and/or such dependents were participating
as of the date of termination of the Employment Period, and such other
welfare benefit plans thereof in which the Company is required by law to
permit the participation of Executive and/or his dependents,
(collectively, the “Welfare Benefit Plans”). Such participation shall
be on the same terms and conditions (including the requirement that
Executive pay any premiums generally paid by an employee) as would apply
if Executive were still in the employ of the Company; provided
that the continued participation of Executive and/or his
dependents in such Welfare Benefit Plans shall cease on such earlier
date as Executive may become eligible for comparable welfare benefits
provided by a subsequent employer. To the extent that Welfare Benefits
Continuation cannot be provided under the terms of the applicable plan,
policy or program, the Company shall provide a comparable benefit under
another plan or from the Company’s general assets.

6. Termination Following a Change of Control.

This Section 6 shall apply (instead of Section 5) during the period commencing upon
a Change of Control and continuing until the second anniversary thereof.

(a) Early Termination of the Employment Period. Notwithstanding Section
1(b) hereof, the Employment Period shall end upon the earliest to occur of (i) a
Termination For Cause, (ii) a Termination Without Cause, (iii) a Voluntary
Termination, (iv) a Termination For Good Reason, (v) a Termination Due to
Retirement, (vi) a Termination Due to Disability, or (vii) a Termination Due to
Death.

(b)  Notice of Termination. Communication of termination under this
Section 6 shall be made to the other party by Notice of Termination in the case
of (i) a Termination For Cause, (ii) a Termination Without Cause, (iii) a
Voluntary Termination, or (iv) a Termination For Good Reason.

(c) Benefits Payable Upon Termination; Rules for Determining Reason for
Termination.

	 	(i)	 	Benefits Payable Upon Termination. Following
the end of the Employment Period, Executive (or, in the event of his
death, his surviving spouse, if any, or if none, his estate) shall be
paid the type or types of compensation determined to be payable in
accordance with the following table, such payment to be made in the form
specified in such table and at the time established pursuant to Section
7 hereof. Capitalized terms used in such table (and otherwise in this
Section 6) that are defined in Section 5, and not specifically defined
in Section 6(d) hereof, shall have the meanings ascribed thereto under
Section 5. Where such a capitalized term is defined solely in Section
6(d), or in both Section 5 and Section 6(d), such term shall have the
meaning ascribed to it in Section 6(d).	 

	 	(ii)	 	Rules for Determining Reason for Termination.	 

(A) No Termination Without Cause or Termination For Good Reason shall
be treated as a Termination Due to Retirement or a Termination Due to
Disability for purposes of any Pro Rata Target Bonus, Severance
Payment, Equity Awards or Vested Benefits Enhancement under this
Section 6, notwithstanding the fact that, either on, before or after
the Date of Termination with respect thereto, (I) Executive was
eligible for Retirement as defined in the Savings Plan, (II) Executive
requested to be treated as a retiree for purposes of the Savings Plan
or any other plan or program of the Company or its affiliates, or
(III) Executive or the Company could have terminated Executive’s
employment

in a Termination Due to Disability hereunder.

(B) No Termination Due to Retirement shall be treated as a Voluntary

Termination for purposes of this Section 6.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(C) Notwithstanding any provision in this Agreement to the contrary, in the event of a Change of Control as described in clause (iii) or clause (iv) of the definition of the term Change of Control in Section 6(d) of this Agreement, if
the employment of Executive involuntarily terminates on or after the date of a shareholder approval described in either of such clauses but before the date of a consummation described in either of such clauses, the date of termination
of Executive’s employment shall be deemed for purposes of this Agreement to be the day following the date of the applicable consummation.
BENEFITS PAYABLE: CHANGE OF CONTROL

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	BENEFIT

	 	Accrued Salary
	 	Pro Rata Target

Bonus
	 	Severance Payment
	 	Equity Awards
	 	Vested Benefits
	 	Vested Benefits

Enhancement (only

applicable in the

event that the

Executive’s

employment by the

Company terminates

prior to July 1,

2009)
	 	

Welfare

Benefits Continuation
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	FORM OF PAYMENT

	 	Lump Sum
	 	Lump Sum
	 	Lump Sum
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	Lump Sum
	 	Determined Under the

Applicable Plan
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination For

Cause

	 	Payable
	 	Not Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Without

Cause

	 	Payable
	 	Payable
	 	Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Voluntary

Termination

	 	Payable
	 	Not Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination For

Good Reason

	 	Payable
	 	Payable
	 	Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Retirement

	 	Payable
	 	Determined Under

the Applicable Plan
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Disability

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Death

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

1

(d) Definitions.

“Beneficial Owner” means any Person who, directly or indirectly, has the
right to vote or dispose of or has “beneficial ownership” (within the meaning
of Rule 13d-3 under the Securities and Exchange Act of 1934, as amended (the
“Act”)) of any securities of a company, including any such right pursuant to
any agreement, arrangement or understanding (whether or not in writing),
provided that: (i) a Person shall not be deemed the Beneficial Owner
of any security as a result of an agreement, arrangement or understanding to
vote such security (A) arising solely from a revocable proxy or consent given
in response to a public proxy or consent solicitation made pursuant to, and
in accordance with, the Exchange Act and the applicable rules and regulations
thereunder, or (B) made in connection with, or to otherwise participate in, a
proxy or consent solicitation made, or to be made, pursuant to, and in
accordance with, the applicable provisions of the Exchange Act and the
applicable rules and regulations thereunder, in either case described in
clause (A) or (B) above, whether or not such agreement, arrangement or
understanding is also then reportable by such Person on Schedule 13D under
the Exchange Act (or any comparable or successor report); and (ii) a Person
engaged in business as an underwriter of securities shall not be deemed to be
the Beneficial Owner of any security acquired through such Person’s
participation in good faith in a firm commitment underwriting until the
expiration of forty days after the date of such acquisition.

“Change of Control” means:

(i) a report on Schedule 13D shall be filed with the Securities and Exchange
Commission pursuant to Section 13(d) of the Act disclosing that any Person, other
than the Company or a subsidiary of the Company or any employee benefit plan
sponsored by the Company or a subsidiary of the Company is the Beneficial Owner
of twenty percent or more of the outstanding stock of the Company entitled to
vote in the election of directors of the Company.

(ii) any person other than the Company or a subsidiary of the Company or any
employee benefit plan sponsored by the Company or a subsidiary of the Company
shall purchase shares pursuant to a tender offer or exchange offer to acquire any
stock of the Company (or securities convertible into stock) entitled to vote in
the election of directors of the Company for cash, securities or any other
consideration, provided that after consummation of the offer, the Person in
question is the Beneficial Owner of fifteen percent or more of the outstanding
stock of the Company entitled to vote in the election of directors of the Company
(calculated as provided in paragraph (d) of Rule 13d-3 under the Act in the case
of rights to acquire stock);

(iii) any merger, consolidation, recapitalization or reorganization
of the Company approved by the stockholders of the Company shall be
consummated, other than any such transaction immediately following
which the persons who were the Beneficial Owners of the outstanding
securities of the Company entitled to vote in the election of
directors of the Company immediately prior to such transaction are
the Beneficial Owners of at least 55% of the total voting power
represented by the securities of the entity surviving such
transaction entitled to vote in the election of directors of such
entity (or the ultimate parent of such entity) in substantially the
same relative proportions as their ownership of the securities of
the Company entitled to vote in the election of directors of the
Company immediately prior to such transaction; provided that, such
continuity of ownership (and preservation of relative voting power)
shall be deemed to be satisfied if the failure to meet such
threshold (or to preserve such relative voting power) is due solely
to the acquisition of voting securities by an employee benefit plan
of the Company, such surviving entity or any subsidiary of such
surviving entity;

(iv) any sale, lease, exchange or other transfer (in one
transaction or a series of related transactions) of all or
substantially all the assets of the Company; approved by the
stockholders of the Company shall be consummated; or

(v) within any 24 month period, the persons who were directors of The
Hartford Company immediately before the beginning of such period (the
“Incumbent Directors”) shall cease (for any reason other than death) to
constitute at least a majority of the Board or the board of directors of
any successor to the Company, provided that any director who was not a
director at the beginning of such period shall be deemed to be an
Incumbent Director if such director (A) was elected to the Board by, or
on the recommendation of or with the approval of, at least two-thirds of
the directors who then qualified as Incumbent Directors either actually
or by prior operation of this clause (v), and (B) was not designated by a
person who has entered into an agreement with the Company to effect a
transaction described in clause (iii) or (iv) of this definition of the
term Change of Control in Section 6(d) of this Agreement.

“Date of Termination” means (i) in the case of a termination of the Employment Period
for which a Notice of Termination is required, the date of receipt of such Notice of
Termination or, if later, the date specified therein, as the case may be, or (ii) in all
other cases, the actual date on which Executive’s employment terminates during the
Employment Period.

“Not Payable” means that a particular benefit shall not be paid or otherwise provided to
Executive.

“Notice of Termination” means (i) in the case of a Termination For Cause, a
written notice given by the Company to Executive, within 30 calendar days of
the Company’s having actual knowledge of the events giving rise to such
termination, (ii) in the case of a Termination Without Cause, a written notice
given by the Company to Executive at least 30 calendar days before the
effective date of such Termination Without Cause, (iii) in the case of a
Voluntary Termination, a written notice given by Executive to the Company at
least 30 calendar days before the effective date of such termination, and (iv)
in the case of a Termination For Good Reason, a written notice given by
Executive to the Company within 180 days of Executive’s having actual knowledge
of the events giving rise to such Termination For Good Reason, and which (A)
indicates the specific termination provision in this Agreement relied upon, (B)
sets forth in reasonable detail the facts and circumstances claimed to provide
a basis for termination of the Executive’s employment under the provision so
indicated, and (C) if the termination date is other than the date of receipt of
such notice, specifies the termination date of this Agreement (which date shall
be not more than 15 days after the giving of such notice). The failure by
Executive to set forth in such Notice of Termination any fact or circumstance
that contributes to a showing of Good Reason shall not waive any right of
Executive hereunder or preclude Executive from asserting such fact or
circumstance in enforcing his rights hereunder.

“Payable” means that a particular benefit shall be paid to Executive in the
amount, at the time, and in the form specified herein.

“Person” has the meaning ascribed to such term in Section 3(a)(9) of the Act, as
supplemented by Section 13(d)(3) of the Act; provided, however, that Person
shall not include (i) the Company, any subsidiary of the Company or any other
Person controlled by the Company, (ii) any trustee or other fiduciary holding
securities under any employee benefit plan of the Company or of any subsidiary
of the Company, or (iii) a corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as their
ownership of securities of the Company.

“Severance Payment” means a cash amount equal to three times the sum of (i)
Executive’s Base Salary at the rate in effect as of the Date of Termination, and
(ii) Executive’s Target Bonus for such year.

“Termination For Cause” means the Company’s termination of Executive’s
employment due to (i) Executive’s conviction of a felony; (ii) an act or acts of
extreme dishonesty or gross misconduct on Executive’s part which result or are
intended to result in material damage to the Company’s business or reputation;
or (iii) repeated material violations by Executive of his obligations under
Section 2 of this Agreement, which violations are demonstrably willful and
deliberate on Executive’s part and which result in material damage to the
Company’s business or reputation.

“Termination For Good Reason” means the occurrence of any of the following after
the occurrence of a Change of Control:

(i) (A) the assignment to Executive of any duties inconsistent in any
material adverse respect with Executive’s position, duties, authority or
responsibilities as contemplated by Section 2 of this Agreement, or (B)
any other material adverse change in such position, including titles,
authority or responsibilities;

(ii) any failure by the Company to comply with any of the provisions of
Sections 3 and 4 of this Agreement at a level of least equal to that in
effect immediately preceding the Change of Control, other than an
insubstantial or inadvertent failure remedied by the Company promptly
after receipt of notice thereof given by Executive;

(iii) the Company’s requiring Executive to be based at any office or
location more than 25 miles from the location at which he performed his
services specified under Section 2 hereof immediately prior to the Change
of Control, except for travel reasonably required in the performance of
Executive’s responsibilities;

(iv) any failure by the Company to obtain the assumption and agreement
to perform this Agreement by a successor as contemplated by Section 10(d)
hereof; or

(v) any attempt by the Company to terminate the Executive’s employment
in a Termination For Cause that is determined in a proceeding pursuant to
Section 9 or Section 10 hereof not to constitute a Termination For
Cause.

Notwithstanding the foregoing, a termination of Executive’s employment shall not be treated
as a Termination For Good Reason (I) if Executive shall have consented in writing to the
occurrence of the event giving rise to the claim of Termination For Good Reason, or (II) if
Executive shall have delivered a Notice of Termination to the Company, and the facts and
circumstances specified therein as providing a basis for such Termination For Good Reason
are cured by the Company within 10 days of its receipt of such Notice of Termination.

“Vested Benefits Enhancement” means (i) a cash amount equal to the present
value, calculated using a discount rate equal to the then prevailing
applicable Federal rate as determined under Section 1274(d) of the Internal
Revenue Code of 1986, as amended (the “Code”), of the additional retirement
benefits that would have been payable or available to Executive under any
ERPs, based on (A) the age and service Executive would have attained or
completed had Executive continued in the Company’s employ until the third
anniversary of the occurrence of the Change of Control, and (B) where
compensation is a relevant factor, his pensionable compensation as of the
Date of Termination, such compensation to include, on the same terms as apply
to other executives, any Severance Payment made to Executive, (ii) solely for
purposes of vesting in any benefits under any ESPs, Executive shall be
treated as having continued in the Company’s employ until the third
anniversary of the occurrence of such Change of Control and (iii) solely for
the purposes of determining eligibility for retiree medical benefits under
any retirement plan or any retiree welfare benefit plan, policy or program of
the Company or its affiliates, and any ERPs related thereto, Executive shall
be treated as having continued in the Company’s employ until the third
anniversary of the occurrence of such Change of Control and to have retired
on the last day of such period. A Vested Benefits Enhancement shall only be
applicable in the event that Executive’s employment by the Company terminates
prior to July 1, 2009.

“Voluntary Termination” means a termination of employment by Executive other
than a Termination For Good Reason, a Termination Due to Disability by
Executive, or a Termination Due to Death.

“Welfare Benefits Continuation” shall have the same meaning as that described
in Section 5 hereof, except that the entitlement of Executive and/or his
dependents to participation in the Welfare Benefit Plans shall continue until
the third anniversary of the Date of Termination.

(d) Out-Placement Services. If the Employment Period terminates because of
a Termination Without Cause or a Termination For Good Reason, Executive shall be
entitled to out-placement services, provided by the Company or its designee at the
Company’s expense, for 12 months following the Date of Termination, or such lesser
period as the Executive may require such services.

(e) Certain Further Payments by Company.

(i) Tax Reimbursement Payment. In the event that any amount or benefit
paid or distributed to Executive pursuant to this Agreement, taken together with
any amounts or benefits otherwise paid or distributed to Executive by the
Company or any affiliate (collectively, by the “Covered Payments”), are or
become subject to the tax (the “Excise Tax”) imposed under Section 4999 of the
Internal Revenue Code of 1986, as amended, or any similar tax that may hereafter
be imposed, the Company shall pay to the Executive at the time specified in this
Section an additional amount (the “Tax Reimbursement Payment”) such that the net
amount retained by the Executive with respect to such Covered Payments, after
deduction of any Excise Tax on the Covered Payments and any Federal, state and
local income tax and other tax on the Tax Reimbursement Payment provided for by
this Section, but before deduction for any Federal, state or local income or
employment tax withholding on such Covered Payments, shall be equal to the
amount of the Covered Payments.

(ii) Applicable Rules. For purposes of determining whether any of the
Covered Payments will be subject to the Excise Tax and the amount of such Excise
Tax,

(A) such Covered Payments will be treated as “parachute payments” within
the meaning of Section 280G of the Code, and all “parachute payments” in
excess of the “base amount” (as defined under Section 280G(b)(3) of the
Code) shall be treated as subject to the Excise Tax, unless, and except
to the extent that, in the good faith judgment of the Company’s
independent certified public accountants appointed prior to the Effective
Date or tax counsel selected by such accountants (the “Accountants”), the
Company has a reasonable basis to conclude that such Covered Payments (in
whole or in part) either do not constitute “parachute payments” or
represent reasonable compensation for personal services actually rendered
(within the meaning of Section 280G(b)(4)(B) of the Code) in excess of
the “base amount,” or such “parachute payments” are otherwise not subject
to such Excise Tax, and

(B) the value of any non-cash benefits or any deferred payment or
benefit shall be determined by the Accountants in accordance with the
principles of Section 280G of the Code.

(iii) Additional Rules. For purposes of determining the amount of the
Tax Reimbursement Payment, the Executive shall be deemed to pay: (A) Federal
income taxes at the highest applicable marginal rate of Federal income taxation
for the calendar year in which the Tax Reimbursement Payment is to be made, and
(B) any applicable state and local income and other taxes at the highest
applicable marginal rate of taxation for the calendar year in which the Tax
Reimbursement Payment is to be made, net of the maximum reduction in Federal
incomes taxes which could be obtained from the deduction of such state or local
taxes if paid in such year.

2

(iv) Repayment or Additional Payment in Certain Circumstances.

(A) Repayment. In the event that the Excise Tax is subsequently
determined by the Accountants or pursuant to any proceeding or
negotiations with the Internal Revenue Service to be less than the amount
taken into account hereunder in calculating the Tax Reimbursement Payment
made, Executive shall repay to the Company, at the time that the amount
of such reduction in the Excise Tax is finally determined, the portion of
such prior Tax Reimbursement Payment that would not have been paid if
such lesser Excise Tax had been applied in initially calculating such Tax
Reimbursement Payment. Notwithstanding the foregoing, in the event any
portion of the Tax Reimbursement Payment to be repaid to the Company has
been paid to any Federal, state or local tax authority, repayment thereof
shall not be required until actual refund or credit of such portion has
been made to Executive by the applicable tax authority. Executive and
the Company shall mutually agree upon the course of action to be pursued
(and the method of allocating the expenses thereof) if Executive’s good
faith claim for refund or credit is denied.

(B) Additional Tax Reimbursement Payment. In the event that the
Excise Tax is later determined by the Accountants or pursuant to any
proceeding or negotiations with the Internal Revenue Service to exceed
the amount taken into account hereunder at the time the Tax Reimbursement
Payment is made (including, but not limited to, by reason of any payment
the existence or amount of which cannot be determined at the time of the
Tax Reimbursement Payment), the Company shall make an additional Tax
Reimbursement Payment in respect of such excess (plus any interest or
penalty payable with respect to such excess) at the time that the amount
of such excess is finally determined.

(v) Timing for Tax Reimbursement Payment. The Tax Reimbursement Payment (or
portion thereof) provided for in this Section 6 shall be paid to Executive not later
than 10 business days following the payment of the Covered Payments; provided, however,
that if the amount of such Tax Reimbursement Payment (or portion thereof) cannot be
finally            determined on or before the date on which payment is due, the Company
shall pay to            Executive by such date an amount estimated in good faith by the
Accountants to be the minimum amount of such Tax Reimbursement Payment and shall pay the
remainder of such Tax Reimbursement Payment (together with interest at the rate provided
in Section 1274(b)(2)(B) of the Code) as soon as the amount thereof can be determined,
but in no event later than 45 calendar days after payment of the related Covered
Payment. To the extent that the amount of the estimated Tax Reimbursement Payment
exceeds the amount subsequently determined to have been due, Executive shall repay such
excess to the Company on the fifth business day after written demand by the Company for
payment.

7. Timing of Payments.

Accrued Salary shall be paid no later than 10 days following the termination of the
Employment Period. Severance Payments and Vested Benefits Enhancements, together with
interest thereon based on prevailing short term rates for the period between the date of
payment and the termination of the Employment Period, shall be paid during the 10 day period
following the six month anniversary of the termination of the Employment Period, unless
earlier payment is permitted in accordance with guidance provided under Section 409A of the
Code. Pro-Rata Target Bonus shall be paid as follows: (a) if the Employment Period
terminates in the first, second or third calendar quarter of any particular calendar year,
then the Pro-Rata Target Bonus shall be paid no later than 10 days following the termination
of the Employment Period; or (b) if the Employment Period terminates in the fourth calendar
quarter of any particular calendar year, then the Pro-Rata Target Bonus shall be paid no
later than the same time as similar awards are paid to other executives participating in the
plans or programs under which the awards are paid, but in no event later than 31 March of
the calendar year following the end of such fourth calendar quarter. Vested Benefits and
Equity Awards shall be paid no later than the time for payment Determined Under the
Applicable Plan except as otherwise expressly superseded or modified by this Agreement. Tax
Reimbursement Payments shall be paid at the time specified in Section 6 hereof.
Notwithstanding the foregoing, solely for purposes of amounts payable pursuant to Section 5
hereof, if any amount payable to Executive pursuant to Section 5 would be nondeductible by
the Company under Section 162(m) of the Code if paid in the year of Executive’s termination,
the Company shall have the option of paying such nondeductible amount, with interest at the
one-year treasury bill rate as in effect on the date of such termination as reported in the
Wall Street Journal, on the first day of the second calendar quarter in the year following
such termination.

8. Full Discharge of Company Obligations.

Except as expressly provided in the last sentence of this Section 8, the amounts
payable to Executive pursuant to Section 5 following termination of his employment
(including amounts payable with respect to Vested Benefits) shall be in full and
complete satisfaction of Executive’s rights under Section 5 of this Agreement and
any other claims he may have in respect of his employment by the Company or any of
its affiliates. Such amounts shall constitute liquidated damages with respect to any
and all such rights and claims and, upon Executive’s receipt of such amounts, the
Company shall be released and discharged from any and all liability to Executive in
connection with Section 5 of this Agreement or otherwise in connection with
Executive’s employment with the Company and its affiliates. Nothing in this Section
8 shall be construed to release the Company from its obligation to indemnify
Executive as provided in Section 4(e) hereof.

9. Noncompetition, Confidentiality and Other Covenants.

By and in consideration of the compensation and benefits to be provided by the
Company hereunder, including the severance arrangements set forth herein, Executive
agrees to the following:

(a) Noncompetition. During the Employment Period and until the
earlier of: (i) the last day of the one year period following any Voluntary
Termination of the Employment Period by Executive pursuant to Section 5 hereof,
or (ii) the date a Change of Control occurs (the “restricted Period”),
Executive shall not become associated with any entity, whether as a principal,
partner, employee, agent, consultant, shareholder (other than as a holder, or a
member of a group which is a holder, of not in excess of 1% of the outstanding
voting shares of any publicly traded company) or in any other relationship or
capacity, paid or unpaid, that is actively engaged in any geographic area in
any business which is in competition with the business of the Company.
Notwithstanding anything herein to the contrary, the terms of this Section 9(a)
shall not apply in the event of any termination of employment following a
Change of Control as provided for in Section 6 of this Agreement.

(b) Confidentiality. Without the prior written consent of the Company,
except to the extent required by an order of a court having competent
jurisdiction or under subpoena from an appropriate government agency, Executive
shall not disclose to any third person, or permit the use of for the benefit of
any person or any entity other than The Company or its affiliates, any trade
secrets, customer lists, information regarding product development, marketing
plans, sales plans, management organization information (including data and
other information relating to members of the Board and management), operating
policies or manuals, business plans, financial records, or other financial,
organizational, commercial, business, sales, marketing, technical, product or
employee information relating to the Company or its affiliates or information
designated as confidential, proprietary, and/or a trade secret, or any other
information relating to the Company or its affiliates that Executive knows from
the circumstances, in good faith and good conscience, should be treated as
confidential, or any information that the Company or its affiliates may receive
belonging to customers, agents or others who do business with the Company or its
affiliates, except to the extent that any such information previously has been
disclosed to the public by the Company or is in the public domain (other than by
reason of Executive’s violation of this Section 9(b)).

(c) Non-Solicitation of Employees. During the Employment Period and until the
earlier of: (i) the last day of the one year period following any Voluntary Termination
of the Employment Period by Executive pursuant to Section 5 hereof, or (ii) the date of
Change of Control occurs, Executive shall not directly or indirectly solicit, encourage
or induce any employee of the Company or its affiliates to terminate employment with
such entity, and shall not directly or indirectly, either individually or as owner,
agent, employee, consultant or otherwise, employ or offer employment to any person who
is or was employed by the Company or an affiliate thereof unless such person shall have
ceased to be employed by such entity for a period of at least six months.
Notwithstanding anything herein to the contrary, the terms of this Section 9(c) shall
not apply in the event of any termination of employment following a Change of Control as
provided for in Section 6 of this Agreement.

(d) Company Property. Except as expressly provided herein, promptly
following any termination of the Employment Period, Executive shall return to
the Company all property of the Company, and all copies thereof in Executive’s
possession or under his control.

(e) Injunctive Relief and Other Remedies with Respect to Covenants.
Executive acknowledges and agrees that the covenants and obligations of
Executive with respect to noncompetition, confidentiality, nonsolicitation, and
Company property relate to special, unique and extraordinary matters and that a
violation of any of the terms of such covenants and obligations will cause the
Company irreparable injury for which adequate remedies are not available at law.
Therefore, Executive agrees that the Company (i) shall be entitled to an
injunction, restraining order or such other equitable relief (without the
requirement to post bond) restraining Executive from committing any violation of
the covenants and obligations contained in this Section 9, and (ii) shall have
no further obligation to make any payments to Executive hereunder following any
material violation of the covenants and obligations contained in this Section 9.
These remedies are cumulative and are in addition to any other rights and
remedies the Company may have at law or in equity. In connection with the
foregoing provisions of this Section 9, Executive represents that his economic
means and circumstances are such that such provisions will not prevent him from
providing for himself and his family on a basis satisfactory to him.
Notwithstanding the foregoing, in no event shall an asserted violation of the
provisions of this Section constitute a basis for deferring or withholding any
amounts otherwise payable to the Executive under this Agreement following a
Change of Control.

10. Miscellaneous.

(a) Survival. All of the provisions of Sections 5 (relating to
termination of the Employment Period prior to a Change of Control), 6 (relating
to termination of the Employment Period following a Change of Control), 9
(relating to noncompetition, confidentiality, nonsolicitation and Company
property), 10(b) (relating to arbitration), 10(c) (relating to legal fees) and
10(n) (relating to governing law) of this Agreement shall survive the
termination of this Agreement.

(b) Arbitration. Except as provided in Section 9, any dispute or
controversy arising under or in connection with this Agreement shall be resolved
by binding arbitration. Such arbitration shall be held in the city of Hartford,
Connecticut and except to the extent inconsistent with this Agreement, shall be
conducted in accordance with the Commercial Arbitration Rules of the American
Arbitration Association in effect at the time of the arbitration, and otherwise
in accordance with the principles that would be applied by a court of law or
equity. The arbitrator shall be acceptable to both the Company and Executive.
If the parties cannot agree on an acceptable arbitrator, the dispute or
controversy shall be heard by a panel of three arbitrators; one appointed by
each of the parties and the third appointed by the other two arbitrators. The
Company and Executive further agree that they will abide by and perform any
award or awards rendered by the arbitrators and that a judgment may be entered
on any award or awards rendered by any state or federal court having
jurisdiction over the Company or Executive or any of their respective property.

(c) Legal Fees and Expenses. In any contest (whether initiated by
Executive or by the Company) as to the validity, enforceability or
interpretation of any provision of this Agreement, the Company shall pay
Executive’s legal expenses (or cause such expenses to be paid) including,
without limitation, his reasonable attorney’s fees, on a quarterly basis, upon
presentation of proof of such expenses in a form acceptable to the Company,
provided that Executive shall reimburse the Company for such amounts,
plus simple interest thereon at the 90-day United States Treasury Bill rate as
in effect from time to time, compounded annually, if Executive shall not
prevail, in whole or in part, as to any material issue as to the validity,
enforceability or interpretation of any provision of this Agreement.

(d) Successors; Binding Effect. This Agreement shall inure to the
benefit of and be binding upon the Company and its successors. The Company
shall require any successor to all or substantially all of the business and/or
assets of the Company, whether direct or indirect, by purchase, merger,
consolidation, acquisition of stock, or otherwise, by an agreement in form and
substance satisfactory to Executive, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent as the Company would be
required to perform the Agreement if no such succession had taken place. This
Agreement is personal to the Executive and, without the prior written consent of
the Company, shall not be assignable by Executive otherwise than by will or the
law of descent and distribution. This            Agreement shall inure to the
benefit of and be enforceable by Executive’s legal            representatives.

(e) Assignment. Except as provided in Section 10(d), neither this
Agreement nor any of the rights or obligations hereunder shall be assigned or
delegated by any party hereto without the prior written consent of the other
party.

(f) Entire Agreement. This Agreement constitutes the entire agreement between
the parties hereto with respect to the matters referred to herein. This Agreement
supersedes and replaces any prior employment or severance agreement or arrangement
between the Company and Executive. No other agreement relating to the terms of
Executive’s employment by the Company, oral or otherwise, shall be binding between the
parties unless it is in writing and signed by the party against whom enforcement is
sought. There are no promises, representations, inducements or statements between the
parties other than those that are expressly contained herein. Executive acknowledges
that he is entering into this Agreement of his own free will and accord, and with no
duress, and that he has read this Agreement and that he understands it and its legal
consequences.

(g) Severability; Reformation. In the event that one or more of the
provisions of this Agreement shall become invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining
provisions contained herein shall not be affected thereby. In the event of a
determination that any of the provisions of Section 9(a), Section 9(b) or
Section 9(c) are not enforceable in accordance with their terms, Executive and
the Company agree that such Section shall be reformed to make such Section
enforceable in a manner that provides the Company the maximum rights permitted
at law.

(h) Waiver. Waiver by any party hereto of any breach or default by the
other party of any of the terms of this Agreement shall not operate as a waiver
of any other breach or default, whether similar to or different from the breach
or default waived. No waiver of any provision of this Agreement shall be
implied from any course of dealing between the parties hereto or from any
failure by either party hereto to assert its or his rights hereunder on any
occasion or series of occasions.

(i) Notices. Any notice required or desired to be delivered under this
Agreement shall be in writing and shall be delivered personally, by courier
service, by registered mail, return receipt requested, or by telecopy and shall
be effective upon actual receipt by the party to which such notice shall be
directed, and shall be addressed as follows (or to such other address as the
party entitled to notice shall hereafter designate in accordance with the terms
hereof):

	 	 	 	 	 
	If to the Company:
	 	The Hartford Financial Services Group, Inc.

	 
	 	Law Department, HO-1-09

	 
	 	Hartford Plaza

	 
	 	Hartford, CT  06115

	 
	 	Attention:  Corporate Secretary

	with a copy to:
	 	Debevoise & Plimpton

875 Third Avenue

New York, NY 10022

Attn: Lawrence K. Cagney, Esq.

If to Executive: The home address of Executive shown on the records of the
Company

(j) Amendments. This Agreement may not be altered, modified or amended
except by a written instrument signed by each of the parties hereto, provided,
however, that the Company may unilaterally amend this Agreement at any time as
may be necessary, in its reasonable judgment, to comply with law or to avoid
payments to the Executive under the Agreement being subject to an additional tax
under Section 409A of the Code. This Agreement is intended to comply with
Section 409A of the Code, and no action taken by the Company shall be construed
in a manner that would result in the imposition of an additional tax
on Executive under Section 409A of the Code.

(k) Headings. Headings to provisions of this Agreement are for the
convenience of the parties only and are not intended to be part of or to affect
the meaning or interpretation hereof.

(l) Counterparts. This Agreement may be executed in counterparts, each
of which shall be deemed an original but all of which together shall constitute
one and the same instrument.

(m) Withholding. Any payments provided for herein shall be reduced by
any amounts required to be withheld by the Company from time to time under
applicable Federal, State or local income or employment tax laws or similar
statutes or other provisions of law then in effect.

3

(n) Governing Law. This Agreement shall be governed by the laws of the
State of Connecticut, without reference to principles of conflicts or choice of
law under which the law of any other jurisdiction would apply.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and Executive has hereunto set his hand, as of the day and year first above
written.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

/s/ Ann M. de Raismes_______________________________

	 	 	 
	 	 	By:	 	 	Ann M. de Raismes
	 	 	Title:	 	 	Executive Vice President, Human Resources

EXECUTIVE:

/s/ David K. Zwiener________________________________

David K. Zwiener

4EX-10.03

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

EMPLOYMENT AGREEMENT, amended and restated as of September 7, 2006, by and between The
Hartford Financial Services Group, Inc. (“The Hartford” or the “Company”), a Delaware corporation,
and Thomas M. Marra (“Executive”).

W I T N E S S E T H:

WHEREAS, the Company and Executive entered into an Employment Agreement dated as of July 1,
2000 (the “Commencement Date”), in accordance with which Executive is performing substantial
services for the Company; and

WHEREAS, the Company and Executive desire to amend and restate that Employment Agreement,
effective as of the date first written above;

NOW, THEREFORE, in consideration of the mutual covenants herein contained and Executive’s
continued participation in certain incentive compensation plans pursuant to which the level, if
any, of participation is determined by the administrators of such plans, the Company and Executive
hereby agree that the Employment Agreement is amended and restated to read as follows (hereinafter
referred to in its amended form as the “Agreement”), effective as of the date first above written:

1. Employment.

(a) Agreement to Employ. Upon the terms and subject to the conditions of this
Agreement, the Company hereby agrees to continue to employ Executive and Executive hereby
agrees to continue his employment by the Company.

(b) Term of Employment. Except as otherwise provided below, the Company shall employ
Executive for the period commencing on the Commencement Date and ending on the third
anniversary of the Commencement Date. At the expiration of the original term or any extended
term (each a “Renewal Date”), Executive’s employment hereunder shall be extended automatically,
upon the same terms and conditions, for successive one-year periods, unless either party shall
give written notice to the other of its intention not to renew such employment at least fifteen
months prior to such Renewal Date. Without limiting the generality of the foregoing, upon the
occurrence of a Change of Control (as defined below), the term of this Agreement shall be
extended automatically without any action by either party until the second anniversary of such
Change of Control. Notwithstanding the foregoing, if not previously terminated pursuant to
Sections 1(b), 5(a) or 6(a), the term of this Agreement shall terminate on the last day of the
month in which Executive attains age 65, and such a termination upon Executive reaching age 65

1

shall be deemed to be a Termination Due to Retirement for purposes of this Agreement.
The period during which Executive is employed pursuant to this Agreement, including any
extension thereof in accordance with this Section 1(b), shall be referred to as the “Employment
Period.”

2. Position and Duties.

During the Employment Period, Executive shall serve as Executive Vice President of The Hartford and
Chief Operating Officer of Hartford Life, Inc. and/or in such other position or positions with the
Company or its affiliates commensurate with his position and experience as the Board of Directors
of the Company (the “Board”) or the Chairman of the Company (the “Chairman”) shall from time to
time specify. During the Employment Period, Executive shall have the duties, responsibilities and
obligations customarily assigned to individuals serving in the position or positions in which
Executive serves hereunder and such other duties, responsibilities and obligations as the Board or
the Chairman shall from time to time specify. Executive shall devote his full time to the services
required of him hereunder, except for vacation time and reasonable periods of absence due to
sickness, personal injury or other disability, and shall use his best efforts, judgement, skill and
energy to perform such services in a manner consonant with the duties of his position and to
improve and advance the business and interests of the Company and its affiliates. During the
Employment Period, Executive shall comply with the Code of Conduct of the Company. Unless and to
the extent inconsistent with the terms of any published Company policy or code of conduct as in
effect on the date hereof and as hereafter amended, nothing contained herein shall preclude
Executive from (a) serving on the board of directors of any business corporation with the consent
of the Board or the Chairman, (b) serving on the board of, or working for, any charitable or
community organization, or (c) pursuing his personal financial and legal affairs, so long as the
foregoing activities, individually or collectively, do not interfere with the performance of
Executive’s duties hereunder or violate any of the provisions of Section 9 hereof.

3. Compensation.

	(a)	 	Base Salary. During the Employment Period, the Company shall pay Executive a base
salary at the annual rate as in effect on the date hereof. The annual base salary payable
under this paragraph shall be reduced, however, to the extent that Executive elects to defer
such salary under the terms of any deferred compensation or savings plan or arrangement
maintained or established by the Company or its affiliates. The Board or the appropriate
committee of the Board may in its discretion periodically review Executive’s base salary in
light of competitive practices, the base salaries paid to other executive officers of the
Company and the performance of Executive and the Company and its applicable affiliates, and
may, in its discretion, increase such base salary by an amount it determines to be
appropriate. Any such increase shall not reduce or limit any other obligation of the Company
hereunder. Executive’s base salary (as set forth above or as may be increased from time to
time) shall not be reduced following any Change of Control, but may be reduced prior to a
Change of Control solely pursuant to a cost-saving plan or structural realignment of total
compensation elements that includes all senior executives and only to the extent that such
reduction is proportionate to the reductions applicable to other senior executives.
Executive’s annual base salary payable hereunder, as it may be increased or reduced from time
to time as provided herein and without reduction for any amounts deferred as described above,
shall be referred to herein as “Base Salary.” The Company shall pay Executive the portion of
his Base Salary not deferred not less frequently than in equal monthly installments.

	(b)	 	Annual Bonus. For each calendar year ending during the Employment Period, Executive
shall have the opportunity to earn and receive an annual bonus, based on the achievement of
target levels of performance, equal to the percentage of his Base Salary used to calculate
such annual bonus as of the date hereof. Executive’s annual bonus opportunity may be
increased above such percentage from time to time by the Board or the appropriate committee
thereof. Executive’s annual bonus opportunity shall not be reduced following any Change of
Control, but may be reduced prior to a Change of Control solely pursuant to a cost-saving plan
or structural realignment of total compensation elements that includes all senior executives
and only to the extent that such reduction is proportionate to the reductions applicable to
other senior executives. Executive’s annual bonus opportunity, as it may be increased or
reduced from time to time as provided herein, shall be referred to herein as “Target Bonus.”
The actual bonus, if any, payable for any such year shall be determined in accordance with the
terms of the Company’s Annual Executive Bonus Program or any successor annual incentive plan
(the “Annual Plan”) based upon the performance of the Company and/or its applicable affiliates
and/or Executive against target objectives established under such Annual Plan. Subject to
Executive’s election to defer all or a portion of any annual bonus payable hereunder pursuant
to the terms of any deferred compensation or savings plan or arrangement maintained or
established by the Company or its affiliates, any annual bonus payable under this Section 3(b)
shall be paid to Executive in accordance with the terms of the Annual Plan.

	(c)	 	Long-term Incentive Compensation. During the Employment Period, Executive shall
participate in all of the Company’s existing and future long-term incentive compensation
programs for key executives at a level commensurate with his position with the Company and
consistent with the Company’s then current policies and practices, as determined in good faith
by the Board or the appropriate committee of the Board.

4. Benefits, Perquisites and Expenses.

	 	(a)	 	Benefits. During the Employment Period, Executive (and, to the extent
applicable, his dependents) shall be eligible to participate in or be covered under (i)
each welfare benefit plan or program maintained or as hereafter amended or established
by the Company or its applicable affiliates, including, without limitation, each group
life, hospitalization, medical, dental, health, accident or disability insurance or
similar plan or program of thereof, and (ii) each pension, retirement, savings,
deferred compensation, stock purchase or other similar plan or program maintained or as
hereafter amended or established by the Company or its applicable affiliates, in each
case to the extent that Executive is eligible to participate in any such plan or
program under the generally applicable provisions thereof. Nothing in this Section
4(a) shall limit the Company’s right to amend or terminate any such plan or program in
accordance with the procedures set forth therein or as permitted by applicable law.

	 	(b)	 	Perquisites. For each calendar year during the Employment Period,
Executive shall be entitled to at least the number of paid vacation days per year that
Executive is entitled to as of the date hereof, and shall also be entitled to receive
such other perquisites as are generally provided to him as of the date hereof or are
hereafter provided to other similarly situated senior executives of the Company in
accordance with the then current policies and practices of the Company.

	 	(c)	 	Business Expenses. During the Employment Period, the Company shall pay
or reimburse Executive for all reasonable business expenses incurred or paid by
Executive in the performance of Executive’s duties hereunder, upon presentation of
expense statements or vouchers and such other information as the Company may require
and in accordance with the generally applicable policies and procedures of the Company.

	 	(d)	 	Office and Support Staff. During the Employment Period, Executive
shall be entitled to an office with furnishings and other material appointments, and to
secretarial and other assistance, at a level that is at least commensurate with the
foregoing provided to him as of the date hereof or is hereafter provided to other
similarly situated senior executives of the Company.

	 	(e)	 	Indemnification. The Company shall indemnify Executive and hold
Executive harmless from and against any claim, loss or cause of action, regardless
whether asserted during or after the Employment Period, arising from or out of
Executive’s performance as an officer, director or employee of the Company or any of
its affiliates or in any other capacity, including any fiduciary capacity in which
Executive serves at the request of the Company, to the maximum extent permitted by
applicable law and under the Certificate of Incorporation and By-Laws of the Company,
as may be amended from time to time (the “Governing Documents”), provided that in no
event shall the protection afforded to Executive be less than that afforded under the
Governing Documents as in effect on the Commencement Date.

5. Termination of Employment.

The provisions of this Section 5 shall apply prior to the occurrence of a Change of Control and, if
Executive is still in the Company’s employ, shall again become applicable upon the second
anniversary of such Change of Control.

	 	(a)	 	Early Termination of the Employment Period. Notwithstanding Section 1(b)
hereof, the Employment Period shall end upon the earliest to occur of (i) a Termination For
Cause, (ii) a Termination Without Cause, (iii) a Voluntary Termination, (iv) a Termination
Due to Retirement, (v) a Termination Due to Disability, or (vi) a Termination Due to Death.

	 	(b)	 	Notice of Termination. Communication of termination under this Section 5 shall
be made to the other party by Notice of Termination in the case of (i) a Termination For
Cause, (ii) a Termination Without Cause, or (iii) a Voluntary Termination.

2

	 	(c)	 	Benefits Payable Upon Termination; Rules for Determining Reason for
Termination.

	 	(i)	 	Benefits Payable Upon Termination. Following the end of the Employment
Period pursuant to Section 5(a), Executive (or, in the event of his death, his
surviving spouse, if any, or if none, his estate) shall be paid the type or types of
compensation determined to be payable in accordance with the following table, such
payment to be made in the form specified in such table and at the time established
pursuant to Section 7 hereof. Capitalized terms used in such table shall have the
meanings set forth in Section 5(d) hereof.

(ii) Rules for Determining Reason for Termination.

	 	(A)	 	If a Voluntary Termination occurs on a date that Executive is
eligible for Retirement as defined in The Hartford Investment and Savings Plan,
as may be amended from time to time, or any successor plan thereof (the “Savings
Plan”), such Voluntary Termination shall instead be treated as a Termination Due
to Retirement solely for purposes of this Section 5.

	 	(B)	 	No Termination Without Cause shall be treated as a Termination
Due to Retirement or a Termination Due to Disability for purposes of any Pro
Rata Target Bonus, Severance Payment, Equity Awards or Vested Benefits
Enhancement under this Section 5, notwithstanding the fact that, either on,
before or after the date of termination of the Employment Period with respect
thereto, (I) Executive was eligible for Retirement as defined in the Savings
Plan, (II) Executive requested to be treated as a retiree for purposes of the
Savings Plan or any other plan or program of the Company or its affiliates, or
(III) Executive or the Company could have terminated Executive’s employment in a
Termination Due to Disability hereunder.

3

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	BENEFITS PAYABLE: NON-CHANGE OF CONTROL
	BENEFIT:

	 	Accrued Salary
	 	Pro Rata Target

Bonus
	 	Severance Payment
	 	Equity Awards
	 	Vested Benefits
	 	Vested Benefits

Enhancement (only

applicable in the

event that

Executive’s

employment by the

Company terminates

prior to July 1,

2009)
	 	

Welfare

Benefits

Continuation
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	

	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	FORM OF PAYMENT:

	 	Lump Sum
	 	Lump Sum
	 	Lump Sum
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	Lump Sum
	 	Determined Under

the Applicable Plan
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination For

Cause

	 	Payable
	 	Not Payable
	 	Not Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Not Payable
	 	Not

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	 	 	Options /Restricted

Stock:
	 	

	 	

	 	

	
 
	 	 	 	 	 	 	 	Payable
	 	

	 	

	 	

	
 
	 	 	 	 	 	 	 	 
	 	

	 	

	 	

	Termination Without

Cause

	 	Payable
	 	Payable
	 	Payable
	 	Other Equity

Awards: Determined

Under the

Applicable Plan
	 	

Determined Under

the Applicable Plan
	 	

Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Voluntary

Termination

	 	Payable
	 	Determined Under

the Applicable Plan
	 	Not

Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Retirement

	 	Payable
	 	Determined Under

the Applicable Plan
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Disability

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Death

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

4

(d) Definitions.

“Accrued Salary” means any Base Salary earned, but unpaid, for services
rendered to the Company on or prior to the date on which the Employment
Period ends pursuant to Section 5(a) (other than Base Salary deferred
pursuant to Executive’s election, as contemplated by Section 3(a) hereof),
plus any vacation pay accrued by Executive as of such date.

“Available” means that the particular benefit shall be made available to
Executive to the extent specifically provided herein or required by
applicable law.

“Determined Under the Applicable Plan” means that the determination of
whether a particular benefit shall or shall not be paid to Executive, and,
where specifically required by this Agreement, the timing or form of any
benefit payment, shall be made solely by application of the terms of the
plan or program providing such benefit, except to the extent that the
terms of such plan or program are expressly superseded or modified by this
Agreement.

“Equity Awards” means the outstanding stock option, restricted stock,
restricted stock unit, performance share and other equity or long-term
incentive compensation awards, if any, held by Executive as of the date of
his termination.

“ERPs” means any excess retirement plans maintained or as hereafter
amended or established by the Company or its applicable affiliates.

“ESPs” means any excess investment and savings plans maintained or as
hereafter amended or established by the Company or its applicable
affiliates.

“Lump Sum” means a single lump sum cash payment.

“Not Available” means that the particular benefit shall be not be made
available to Executive, except to the extent required by applicable law.

“Not Payable” means (i) with respect to benefits other than Equity Awards,
such benefits shall not be paid or otherwise provided to Executive, and
(ii) with respect to Equity Awards, such Equity Awards, to the extent
unvested, unexercisable, or subject to restrictions that have not yet
lapsed, shall be forfeited and/or canceled as of the date of termination
of the Employment Period, unless otherwise determined by the relevant
Board or the appropriate committee of the Board in its discretion.

“Notice of Termination” means (i) in the case of a Termination For Cause,
a written notice given by the Company to Executive within 30 calendar days
of the Company’s having actual knowledge of the events giving rise to such
Termination For Cause, (ii) in the case of a Termination Without Cause, a
written notice given by the Company to Executive at least 30 calendar days
before the effective date of such Termination Without Cause, and (iii) in
the case of a Voluntary Termination, a written notice given by Executive
to the Company indicating the effective date of Executive’s termination of
the Employment Period in such Voluntary Termination, such effective date
to be no earlier than 30 days following the date such notice is received
by the Company from Executive.

“Payable” means (i) with respect to benefits other than those described in
clause (ii) of this paragraph, such benefits shall be paid to Executive in
the amount, at the time, and in the form specified herein, and (ii) with
respect to benefits described in this clause (ii), the following shall
apply solely in the event of a Termination Without Cause, notwithstanding
anything in the applicable plan or program to the contrary: (A) with
respect to any outstanding stock options not yet expired as of the date of
termination of the Employment Period, Executive shall be treated as though
he remained in the employ of the Company for the two year period following
such date, and except to the extent that any such options first expire
during such period under the applicable plan or program, (I) any such
options that would have become vested over such two year period solely by
reason of Executive remaining in the employ of the Company during such
period shall become immediately vested and nonforfeitable, (II) with
respect to any options that by their terms would vest if the stock of the
Company or an affiliate were to reach a specified market price, such
options shall become vested and nonforfeitable if and when such stock
reaches such price during such two year period, and (III) Executive shall
have an additional two years to exercise any vested options (beyond the
time to exercise such options permitted under the applicable plan or
program), and (B) with respect to any restricted stock subject to
restrictions that have not yet lapsed as of the date of termination of the
Employment Period, such restrictions shall be deemed to have lapsed and
such restricted stock shall become immediately vested and nonforfeitable
as of such date.

“Pro-Rata Target Bonus” means an amount equal to the product of: (i) an
amount equal to the Target Bonus Executive would have been entitled to
receive under Section 3(b) for the calendar year in which the Employment
Period terminates, and (ii) a fraction (the “Service Fraction”), the
numerator of which is equal to the number of rounded months in such
calendar year which have elapsed as of the date of such termination, and
the denominator of which is 12; provided that, if the Employment
Period terminates in the last quarter of any calendar year, the Pro-Rata
Target Bonus shall be the amount determined under the above formula or, if
greater, the product of: (A) the bonus that would have been paid to
Executive based on actual performance for such calendar year, and (B) the
Service Fraction.

“Severance Payment” means an amount equal to two times the sum of: (i)
Executive’s Base Salary at the rate in effect as of the date of
termination of the Employment Period, and (ii) Executive’s Target Bonus
amount under Section 3(b) hereof for the calendar year in which the
Employment Period terminates.

“Termination Due to Death” means a termination of Executive’s employment
due to the death of Executive.

“Termination Due to Disability” means (i) a termination of Executive’s
employment by the Company as a result of a determination by the Board or
the appropriate committee thereof that Executive has been incapable of
substantially fulfilling the positions, duties, responsibilities and
obligations set forth in this Agreement on account of physical, mental or
emotional incapacity resulting from injury, sickness or disease for a
period of (A) at least four consecutive months, or (B) more than six
months in any twelve month period, or (ii) Executive’s termination of
employment on account of Disability as defined in The Hartford Investment
and Savings Plan, as may be amended from time to time.

“Termination Due to Retirement” means Executive’s termination of
employment on account of Executive’s Retirement as defined in The Hartford
Investment and Savings Plan, as may be amended from time to time.

“Termination For Cause” means a termination of Executive’s
employment by the Company for any of the following reasons: (i) Executive
is convicted of or enters a plea of guilty or nolo contendere to a
felony, a crime of moral turpitude, dishonesty, breach of trust or
unethical business conduct, or any crime involving the business of the
Company or its affiliates; (ii) in the performance of his duties hereunder
or otherwise to the detriment of the Company or its affiliates, Executive
engages in (A) willful misconduct, (B) willful or gross neglect, (C)
fraud, (D) misappropriation, (E) embezzlement, or (F) theft; (iii)
Executive willfully fails to adhere to the policies and practices of the
Company or devote substantially all of his business time and effort to the
affairs thereof, or disobeys the directions of the Board to do either of
the foregoing; (iv) Executive breaches this Agreement in any material
respect; (v) Executive is adjudicated in any civil suit to have committed,
or acknowledges in writing or in any agreement or stipulation his
commission, of any theft, embezzlement, fraud or other intentional act of
dishonesty involving any other person; or (vi) Executive violates the Code
of Conduct of the Company.

“Termination Without Cause” means any involuntary termination of
Executive’s employment by the Company other than a Termination For Cause,
a Termination Due to Disability or a Termination Due to Death.

“Vested Benefits” means amounts that are vested or that Executive is
otherwise entitled to receive, without the performance by Executive of
further services or the resolution of a contingency, under the terms of or
in accordance with any investment and savings plan or retirement plan
(including any plan providing retiree medical benefits) of the Company or
its affiliates, and any ERPs or ESPs related thereto, and any deferred
compensation or employee stock purchase plan or similar plan or program of
the Company or its affiliates.

“Vested Benefits Enhancement” means (i) a cash amount equal to the present
value, calculated using a discount rate equal to the then prevailing
applicable Federal rate as determined under Section 1274(d) of the
Internal Revenue Code of 1986, as amended (the “Code”), of the additional
retirement benefits that would have been payable or available to Executive
under any ERPs, based on (A) the age and service Executive would have
attained or completed had Executive continued in the Company’s employ
until the second anniversary of the date of termination of the Employment
Period, and (B) where compensation is a relevant factor, his pensionable
compensation as of such date, such compensation to include, on the same
terms as apply to other executives, any Severance Payment made to
Executive, and (ii) solely for purposes vesting in any benefits under any
ESPs, Executive shall be treated as having continued in the Company’s
employ until the second anniversary of the date of termination of the
Employment Period. A Vested Benefits Enhancement shall only be applicable
in the event that Executive’s employment by the Company terminates prior
to July 1, 2009.

“Voluntary Termination” means any voluntary termination of Executive’s
Employment by Executive pursuant to this Section 5, other than a
Termination Due to Retirement or a Termination Due to Disability by
Executive.

“Welfare Benefits Continuation” means that until the second anniversary of the
date of termination of the Employment Period, Executive and, if applicable, his
dependents shall be entitled to continue participation in the life and health
insurance benefit plans of the Company or its affiliates in which Executive and/or
such dependents were participating as of the date of termination of the Employment
Period, and such other welfare benefit plans thereof in which the Company is required
by law to permit the participation of Executive and/or his dependents, (collectively,
the “Welfare Benefit Plans”). Such participation shall be on the same terms and
conditions (including the requirement that Executive pay any premiums generally paid
by an employee) as would apply if Executive were still in the employ of the Company;
provided that the continued participation of Executive and/or his
dependents in such Welfare Benefit Plans shall cease on such earlier date as
Executive may become eligible for comparable welfare benefits provided by a
subsequent employer. To the extent that Welfare Benefits Continuation cannot be
provided under the terms of the applicable plan, policy or program, the Company shall
provide a comparable benefit under another plan or from the Company’s general assets.

6. Termination Following a Change of Control.

This Section 6 shall apply (instead of Section 5) during the period
commencing upon a Change of Control and continuing until the second
anniversary thereof.

	 	(a)	 	Early Termination of the Employment Period.
Notwithstanding Section 1(b) hereof, the Employment Period shall end
upon the earliest to occur of (i) a Termination For Cause, (ii) a
Termination Without Cause, (iii) a Voluntary Termination, (iv) a
Termination For Good Reason, (v) a Termination Due to Retirement, (vi)
a Termination Due to Disability, or (vii) a Termination Due to Death.	 

	 	(b)	 	Notice of Termination. Communication of
termination under this Section 6 shall be made to the other
party by Notice of Termination in the case of (i) a
Termination For Cause, (ii) a Termination Without Cause,
(iii) a Voluntary Termination, or (iv) a Termination For
Good Reason.	 

	 	(c)	 	Benefits Payable Upon Termination;
Rules for Determining Reason for Termination.	 

(i) Benefits Payable Upon Termination.
Following the end of the Employment Period, Executive
(or, in the event of his death, his surviving spouse, if
any, or if none, his estate) shall be paid the type or
types of compensation determined to be payable in
accordance with the following table, such payment to be
made in the form specified in such table and at the time
established pursuant to Section 7 hereof. Capitalized
terms used in such table (and otherwise in this Section
6) that are defined in Section 5, and not specifically
defined in Section 6(d) hereof, shall have the meanings
ascribed thereto under Section 5. Where such a
capitalized term is defined solely in Section 6(d), or
in both Section 5 and Section 6(d), such term shall have
the meaning ascribed to it in Section 6(d).

(ii) Rules for Determining Reason for Termination.

	 	(A)	 	No Termination
Without Cause or Termination For Good Reason
shall be treated as a Termination Due to
Retirement or a Termination Due to Disability
for purposes of any Pro Rata Target Bonus,
Severance Payment, Equity Awards or Vested
Benefits Enhancement under this Section 6,
notwithstanding the fact that, either on,
before or after the Date of Termination with
respect thereto,(I) Executive was eligible for
Retirement as defined in the Savings Plan, (II)
Executive requested to be treated as a retiree
for purposes of the Savings Plan or any other
plan or program of the Company or its
affiliates, or (III) Executive or the Company
could have terminated Executive’s employment in
a Termination Due to Disability hereunder.	 

	 	(B)	 	No Termination Due
to Retirement shall be treated as a Voluntary
Termination for purposes of this Section 6.	 

(C) Notwithstanding any provision in this Agreement to the contrary, in the
event of a Change of Control as described in clause (iii) or clause (iv) of
the definition of the term change of Control in Section 6(d) of this
Agreement, if the employment of Executive involuntarily terminates on or after
the date of a shareholder approval described in either of such clauses but
before the date of a consummation described in either of such clauses, the
date of termination of Executive’s employment shall be deemed for purposes of
this Agreement to be the day following the date of the applicable
consummation.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	}
	BENEFITS PAYABLE: CHANGE OF CONTROL
	 	 	 	 	 	 	 	 	 	 	 	 	Vested Benefits	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Enhancement (only	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	applicable in the	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	event that	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Executive’s	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	employment by the	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	Company terminates	 	 
	 	 	 	 	Pro Rata Target	 	 	 	 	 	 	 	prior to July 1,	 	Welfare
	BENEFIT	 	Accrued Salary	 	Bonus	 	Severance Payment	 	Equity Awards	 	Vested Benefits	 	2009)	 	Benefits Continuation
	FORM OF PAYMENT

	 	Lump Sum
	 	Lump Sum
	 	Lump Sum
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	Lump Sum
	 	Determined Under the

Applicable Plan
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination For Cause

	 	Payable
	 	Not Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Without

Cause

	 	Payable
	 	Payable
	 	Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Voluntary

Termination

	 	Payable
	 	Not Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Not Available
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination For Good

Reason

	 	Payable
	 	Payable
	 	Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Retirement

	 	Payable
	 	Determined Under

the Applicable Plan
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Disability

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable Plan
	 	

Not Payable
	 	

Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Termination Due to

Death

	 	Payable
	 	Payable
	 	Not Payable
	 	Determined Under

the Applicable Plan
	 	Determined Under

the Applicable

Plan
	 	

Not Payable
	 	

Not Available
	 

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

5

(d) Definitions.

“Beneficial Owner” means any Person who, directly or indirectly, has
the right to vote or dispose of or has “beneficial ownership” (within
the meaning of Rule 13d-3 under the Securities and Exchange Act of
1934, as amended (the “Act”)) of any securities of a company,
including any such right pursuant to any agreement, arrangement or
understanding (whether or not in writing), provided that: (i)
a Person shall not be deemed the Beneficial Owner of any security as
a result of an agreement, arrangement or understanding to vote such
security (A) arising solely from a revocable proxy or consent given
in response to a public proxy or consent solicitation made pursuant
to, and in accordance with, the Exchange Act and the applicable rules
and regulations thereunder, or (B) made in connection with, or to
otherwise participate in, a proxy or consent solicitation made, or to
be made, pursuant to, and in accordance with, the applicable
provisions of the Exchange Act and the applicable rules and
regulations thereunder, in either case described in clause (A) or (B)
above, whether or not such agreement, arrangement or understanding is
also then reportable by such Person on Schedule 13D under the
Exchange Act (or any comparable or successor report); and (ii) a
Person engaged in business as an underwriter of securities shall not
be deemed to be the Beneficial Owner of any security acquired through
such Person’s participation in good faith in a firm commitment
underwriting until the expiration of forty days after the date of
such acquisition.

“Change of Control” means:

	 	(i)	 	a report on Schedule 13D shall be
filed with the Securities and Exchange Commission pursuant
to Section 13(d) of the Act disclosing that any Person,
other than the Company or a subsidiary of the Company or
any employee benefit plan sponsored by the Company or a
subsidiary of the Company is the Beneficial Owner of
twenty percent or more of the outstanding stock of the
Company entitled to vote in the election of directors of
the Company;	 

	 	(ii)	 	any Person, other than the
Company or a subsidiary of the Company or any employee
benefit plan sponsored by the Company or a subsidiary of
the Company shall purchase shares pursuant to a tender
offer or exchange offer to acquire any stock of the
Company (or securities convertible into stock) entitled
to vote in the election of directors of the Company for
cash, securities or any other consideration, provided
that after consummation of the offer, the Person in
question is the Beneficial Owner of fifteen percent or
more of the outstanding stock of the Company entitled to
vote in the election of directors of the Company
(calculated as provided in paragraph (d) of Rule 13d-3
under the Act in the case of rights to acquire stock);	 

	 	(iii)	 	any merger, consolidation,
recapitalization or reorganization of the Company
approved by the stockholders of the Company shall be
consummated, other than any such transaction immediately
following which the persons who were the Beneficial
Owners of the outstanding securities of the Company
entitled to vote in the election of directors of the
Company immediately prior to such transaction are the
Beneficial Owners of at least 55% of the total voting
power represented by the securities of the entity
surviving such transaction entitled to vote in the
election of directors of such entity (or the ultimate
parent of such entity) in substantially the same relative
proportions as their ownership of the securities of the
Company entitled to vote in the election of directors of
the Company immediately prior to such transaction;
provided that, such continuity of ownership (and
preservation of relative voting power) shall be deemed to
be satisfied if the failure to meet such threshold (or to
preserve such relative voting power) is due solely to the
acquisition of voting securities by an employee benefit
plan of the Company, such surviving entity or any
subsidiary of such surviving entity;	 

	 	(iv)	 	any sale, lease, exchange or
other transfer (in one transaction or a series of related
transactions) of all or substantially all the assets of
the Company approved by the stockholders of the Company
shall be consummated; or	 

	 	(v)	 	within any 24 month period, the
persons who were directors of the Company immediately
before the beginning of such period (the “Incumbent
Directors”) shall cease (for any reason other than death)
to constitute at least a majority of the Board or the
board of directors of any successor to the Company,
provided that any director who was not a director at the
beginning of such period shall be deemed to be an
Incumbent Director if such director (A) was elected to
the Board by, or on the recommendation of or with the
approval of, at least two-thirds of the directors who
then qualified as Incumbent Directors either actually or
by prior operation of this clause (v), and (B) was not
designated by a person who has entered into an agreement
with the Company to effect a transaction described in
clause (iii) or (iv) of this definition of the term
Change of Control in Section 6(d) of this Agreement.	 

“Date of Termination” means (i) in the case of a termination of the
Employment Period for which a Notice of Termination is required, the
date of receipt of such Notice of Termination or, if later, the date
specified therein, as the case may be, or (ii) in all other cases,
the actual date on which Executive’s employment terminates during the
Employment Period.

“Not Payable” means that a particular benefit shall not be paid or
otherwise provided to Executive.

“Notice of Termination” means (i) in the case of a Termination For
Cause, a written notice given by the Company to Executive, within 30
calendar days of the Company’s having actual knowledge of the events
giving rise to such termination, (ii) in the case of a Termination
Without Cause, a written notice given by the Company to Executive at
least 30 calendar days before the effective date of such Termination
Without Cause, (iii) in the case of a Voluntary Termination, a
written notice given by Executive to the Company at least 30 calendar
days before the effective date of such termination, and (iv) in the
case of a Termination For Good Reason, a written notice given by
Executive to the Company within 180 days of Executive’s having actual
knowledge of the events giving rise to such Termination For Good
Reason, and which (A) indicates the specific termination provision in
this Agreement relied upon, (B) sets forth in reasonable detail the
facts and circumstances claimed to provide a basis for termination of
the Executive’s employment under the provision so indicated, and (C)
if the termination date is other than the date of receipt of such
notice, specifies the termination date of this Agreement (which date
shall be not more than 15 days after the giving of such notice). The
failure by Executive to set forth in such Notice of Termination any
fact or circumstance that contributes to a showing of Good Reason
shall not waive any right of Executive hereunder or preclude
Executive from asserting such fact or circumstance in enforcing his
rights hereunder.

“Payable” means that a particular benefit shall be paid to Executive
in the amount, at the time, and in the form specified herein.

“Person” has the meaning ascribed to such term in Section 3(a)(9) of
the Act, as supplemented by Section 13(d)(3) of the Act; provided,
however, that Person shall not include (i) the Company, any
subsidiary of the Company or any other Person controlled by the
Company, (ii) any trustee or other fiduciary holding securities under
any employee benefit plan of the Company or of any subsidiary of the
Company, or (iii) a corporation owned, directly or indirectly, by the
stockholders of the Company in substantially the same proportions as
their ownership of securities of the Company.

“Severance Payment” means a cash amount equal to three times the sum
of (i) Executive’s Base Salary at the rate in effect as of the date
on which the Employment Period terminates, and (ii) Executive’s
Target Bonus for such year.

“Termination For Cause” means the Company’s termination of
Executive’s employment due to (i) Executive’s conviction of a felony;
(ii) an act or acts of extreme dishonesty or gross misconduct on
Executive’s part which result or are intended to result in material
damage to the Company’s business or reputation; or (iii) repeated
material violations by Executive of his obligations under Section 2
of this Agreement, which violations are demonstrably willful and
deliberate on Executive’s part and which result in material damage to
the Company’s business or reputation.

“Termination For Good Reason” means the occurrence of any of the
following after the occurrence of a Change of Control:

	 	(i)	 	(A)the assignment to Executive of any duties
inconsistent in any material adverse respect with Executive’s
position, duties, authority or responsibilities as contemplated
by Section 2 of this Agreement, or (B) any other material
adverse change in such position, including titles, authority or
responsibilities;	 

	 	(ii)	 	any failure by the Company to comply with any
of the provisions of Sections 3 and 4 of this Agreement at a
level of least equal to that in effect immediately preceding the
Change of Control, other than an insubstantial or inadvertent
failure remedied by the Company promptly after receipt of notice
thereof given by Executive;	 

	 	(iii)	 	the Company’s requiring Executive to be based
at any office or location more than 25 miles from the location
at which he performed his services specified under Section 2
hereof immediately prior to the Change of Control, except for
travel reasonably required in the performance of Executive’s
responsibilities;	 

	 	(iv)	 	any failure by the Company to obtain the
assumption and agreement to perform this Agreement by a
successor as contemplated by Section 10(d) hereof; or	 

	 	(v)	 	any attempt by the Company to terminate the
Executive’s employment in a Termination For Cause that is
determined in a proceeding pursuant to Section 9 or Section 10
hereof not to constitute a Termination For Cause.	 

Notwithstanding the foregoing, a termination of Executive’s
employment shall not be treated as a Termination For Good Reason (I)
if Executive shall have consented in writing to the occurrence of the
event giving rise to the claim of Termination For Good Reason, or
(II) if Executive shall have delivered a Notice of Termination to the
Company, and the facts and circumstances specified therein as
providing a basis for such Termination For Good Reason are cured by
the Company within 10 days of its receipt of such Notice of
Termination.

“Vested Benefits Enhancement” means (i) a cash amount equal to the
present value, calculated using a discount rate equal to the then
prevailing applicable Federal rate as determined under Section 1274(d) of
the Internal Revenue Code of 1986, as amended (the “Code”), of the
additional retirement benefits that would have been payable or available
to Executive under any ERPs, based on (A) the age and service Executive
would have attained or completed had Executive continued in the Company’s
employ until the third anniversary of the occurrence of the Change of
Control, and (B) where compensation is a relevant factor, his pensionable
compensation as of the Date of Termination, such compensation to include,
on the same terms as apply to other executives, any Severance Payment
made to Executive, (ii) solely for purposes of vesting in any benefits
under any ESPs, Executive shall be treated as having continued in the
Company’s employ until the third anniversary of the occurrence of such
Change of Control, and (iii) solely for purposes of determining
eligibility for retiree medical benefits under any retirement plan or any
retiree welfare benefit plan, policy or program of the Company or its
affiliates, and any ERPs related thereto, Executive shall be treated as
having continued in the Company’s employ until the third anniversary of
the occurrence of such Change of Control and to have retired on the last
day of such period. A Vested Benefits Enhancement shall only be
applicable in the event that Executive’s employment by the Company
terminates prior to July 1, 2009.

“Voluntary Termination” means a termination of employment by Executive
other than a Termination For Good Reason, a Termination Due to Disability
by Executive, or a Termination Due to Death.

“Welfare Benefits Continuation” shall have the same meaning as that
described in Section 5 hereof, except that the entitlement of Executive
and/or his dependents to participation in the Welfare Benefit Plans
shall continue until the third anniversary of the Date of Termination.

	 	(e)	 	Out-Placement Services. If the Employment Period
terminates because of a Termination Without Cause or a Termination For
Good Reason, Executive shall be entitled to out-placement services,
provided by the Company or its designee at the Company’s expense, for 12
months following the Date of Termination, or such lesser period as the
Executive may require such services.	 

(f) Certain Further Payments by Company.

	 	(i)	 	Tax Reimbursement Payment. In the event that
any amount or benefit paid or distributed to Executive pursuant to
this Agreement, taken together with any amounts or benefits
otherwise paid or distributed to Executive by the Company or any
affiliate (collectively, the “Covered Payments”), are or become
subject to the tax (the “Excise Tax”) imposed under Section 4999 of
the Internal Revenue Code of 1986, as amended, or any similar tax
that may hereafter be imposed, the Company shall pay to the
Executive at the time specified in this Section an additional amount
(the “Tax Reimbursement Payment”) such that the net amount retained
by the Executive with respect to such Covered Payments, after
deduction of any Excise Tax on the Covered Payments and any Federal,
state and local income tax and other tax on the Tax Reimbursement
Payment provided for by this Section, but before deduction for any
Federal, state or local income or employment tax withholding on such
Covered Payments, shall be equal to the amount of the Covered
Payments.	 

	 	(ii)	 	Applicable Rules. For purposes of
determining whether any of the Covered Payments will be subject
to the Excise Tax and the amount of such Excise Tax,	 

	 	(A)	 	such Covered Payments will be treated as
“parachute payments” within the meaning of Section 280G of
the Code, and all “parachute payments” in excess of the “base
amount” (as defined under Section 280G(b)(3) of the Code)
shall be treated as subject to the Excise Tax, unless, and
except to the extent that, in the good faith judgment of the
Company’s independent certified public accountants appointed
prior to the Effective Date or tax counsel selected by such
accountants (the “Accountants”), the Company has a reasonable
basis to conclude that such Covered Payments (in whole or in
part) either do not constitute “parachute payments” or
represent reasonable compensation for personal services
actually rendered (within the meaning of Section
280G(b)(4)(B) of the Code) in excess of the “base amount,” or
such “parachute payments” are otherwise not subject to such
Excise Tax, and	 

	 	(B)	 	the value of any non-cash benefits or
any deferred payment or benefit shall be determined by the
Accountants in accordance with the principles of Section 280G
of the Code.	 

	 	(iii)	 	Additional Rules. For purposes of determining
the amount of the Tax Reimbursement Payment, the Executive shall be
deemed to pay: (A) Federal income taxes at the highest applicable
marginal rate of Federal income taxation for the calendar year in
which the Tax Reimbursement Payment is to be made, and (B) any
applicable state and local income and other taxes at the highest
applicable marginal rate of taxation for the calendar year in which
the Tax Reimbursement Payment is to be made, net of the maximum
reduction in Federal incomes taxes which could be obtained from the
deduction of such state or local taxes if paid in such year.	 

	 	(iv)	 	Repayment or Additional Payment in Certain
Circumstances.	 

	 	(A)	 	Repayment. In the event that the
Excise Tax is subsequently determined by the Accountants or
pursuant to any proceeding or negotiations with the Internal
Revenue Service to be less than the amount taken into account
hereunder in calculating the Tax Reimbursement Payment made,
Executive shall repay to the Company, at the time that the
amount of such reduction in the Excise Tax is finally
determined, the portion of such prior Tax Reimbursement
Payment that would not have been paid if such lesser Excise
Tax had been applied in initially calculating such Tax
Reimbursement Payment. Notwithstanding the foregoing, in the
event any portion of the Tax Reimbursement Payment to be
repaid to the Company has been paid to any Federal, state or
local tax authority, repayment thereof shall not be required
until actual refund or credit of such portion has been made
to Executive by the applicable tax authority. Executive and
the Company shall mutually agree upon the course of action to
be pursued (and the method of allocating the expenses
thereof) if Executive’s good faith claim for refund or credit
is denied.	 

	 	(B)	 	Additional Tax Reimbursement
Payment. In the event that the Excise Tax is later
determined by the Accountants or pursuant to any proceeding
or negotiations with the Internal Revenue Service to exceed
the amount taken into account hereunder at the time the Tax
Reimbursement Payment is made (including, but not limited to,
by reason of any payment the existence or amount of which
cannot be determined at the time of the Tax Reimbursement
Payment), the Company shall make an additional Tax
Reimbursement Payment in respect of such excess (plus any
interest or penalty payable with respect to such excess) at
the time that the amount of such excess is finally
determined.	 

	 	(v)	 	Timing for Tax Reimbursement Payment. The
Tax Reimbursement Payment (or portion thereof) provided for in this
Section 6 shall be paid to Executive not later than 10 business
days following the payment of the Covered Payments; provided,
however, that if the amount of such Tax Reimbursement Payment (or
portion thereof) cannot be finally determined on or before the date
on which payment is due, the Company shall pay to Executive by such
date an amount estimated in good faith by the Accountants to be the
minimum amount of such Tax Reimbursement Payment and shall pay the
remainder of such Tax Reimbursement Payment (together with interest
at the rate provided in Section 1274(b)(2)(B) of the Code) as soon
as the amount thereof can be determined, but in no event later than
45 calendar days after payment of the related Covered Payment. To
the extent that the amount of the estimated Tax Reimbursement
Payment exceeds the amount subsequently determined to have been
due, Executive shall repay such excess to the Company on the fifth
business day after written demand by the Company for payment.	 

7. Timing of Payments.

Accrued Salary shall be paid no later than 10 days following the termination of
the Employment Period. Severance Payments and Vested Benefits Enhancements,
together with interest thereon based on prevailing short term rates for the
period between the date of payment and the termination of the Employment
Period, shall be paid during the 10 day period following the six month
anniversary of the termination of the Employment Period, unless earlier payment
is permitted in accordance with guidance provided under Section 409A of the
Code. Pro-Rata Target Bonus shall be paid as follows: (a) if the Employment
Period terminates in the first, second or third calendar quarter of any
particular calendar year, then the Pro-Rata Target Bonus shall be paid no later
than 10 days following the termination of the Employment Period; or (b) if the
Employment Period terminates in the fourth calendar quarter of any particular
calendar year, then the Pro-Rata Target Bonus shall be paid no later than the
same time as similar awards are paid to other executives participating in the
plans or programs under which the awards are paid, but in no event later than
March 31 of the calendar year following the end of such fourth calendar
quarter. Vested Benefits and Equity Awards shall be paid no later than the time
for payment Determined Under the Applicable Plan except as otherwise expressly
superseded or modified by this Agreement. Tax Reimbursement Payments shall be
paid at the time specified in Section 6 hereof. Notwithstanding the foregoing,
solely for purposes of amounts payable pursuant to Section 5 hereof, if any
amount payable to Executive pursuant to Section 5 would be nondeductible by the
Company under Section 162(m) of the Code if paid in the year of Executive’s
termination, the Company shall have the option of paying such nondeductible
amount, with interest at the one-year treasury bill rate as in effect on the
date of such termination as reported in the Wall Street Journal, on the first
day of the second calendar quarter in the year following such termination.

8. Full Discharge of Company Obligations.

Except as expressly provided in the last sentence of this Section 8, the
amounts payable to Executive pursuant to Section 5 following termination of his
employment (including amounts payable with respect to Vested Benefits) shall be
in full and complete satisfaction of Executive’s rights under Section 5 of this
Agreement and any other claims he may have in respect of his employment by the
Company or any of its affiliates. Such amounts shall constitute liquidated
damages with respect to any and all such rights and claims and, upon
Executive’s receipt of such amounts, the Company shall be released and
discharged from any and all liability to Executive in connection with Section 5
of this Agreement or otherwise in connection with Executive’s employment with
the Company and its affiliates. Nothing in this Section 8 shall be construed
to release the Company from its obligation to indemnify Executive as provided
in Section 4(e) hereof.

9. Noncompetition, Confidentiality and Other Covenants.

By and in consideration of the compensation and benefits to be provided by the
Company hereunder, including the severance arrangements set forth herein,
Executive agrees to the following:

	 	(a)	 	Noncompetition. During the Employment Period and
until the earlier of: (i) the last day of the one year period following
any Voluntary Termination of the Employment Period by Executive
pursuant to Section 5 hereof, or (ii) the date a Change of Control
occurs (the “Restriction Period”), Executive shall not become
associated with any entity, whether as a principal, partner, employee,
agent, consultant, shareholder (other than as a holder, or a member of
a group which is a holder, of not in excess of 1% of the outstanding
voting shares of any publicly traded company) or in any other
relationship or capacity, paid or unpaid, that is actively engaged in
any geographic area in any business which is in competition with the
business of the Company. The Company shall, in its sole discretion,
have the right to enforce or waive the terms of this provision in
connection with the Restriction Period. If the Company exercises its
right to enforce this provision for the Restriction Period, the Company
will provide Executive with written notice of its intent to enforce and
agrees to pay Executive one year of Executive’s then current Base
Salary and one year of Executive’s then current Target Bonus as
compensation for the Restriction Period. Executive agrees that the
terms of the Restriction Period are reasonable and that this
compensation is above and beyond any amounts necessary to support the
terms of the Restriction Period a set forth herein. Notwithstanding
anything herein to the contrary, the terms of this Section 9(a) shall
not apply in the event of any termination of employment following a
Change of Control as provided for in Section 6 of this Agreement.	 

	 	(b)	 	Confidentiality. Without the prior written consent
of the Company, except to the extent required by an order of a court
having competent jurisdiction or under subpoena from an appropriate
government agency, Executive shall not disclose to any third person, or
permit the use of for the benefit of any person or any entity other
than The Company or its affiliates, any trade secrets, customer lists,
information regarding product development, marketing plans, sales
plans, management organization information (including data and other
information relating to members of the Board and management), operating
policies or manuals, business plans, financial records, or other
financial, organizational, commercial, business, sales, marketing,
technical, product or employee information relating to the Company or
its affiliates or information designated as confidential, proprietary,
and/or a trade secret, or any other information relating to the Company
or its affiliates that Executive knows from the circumstances, in good
faith and good conscience, should be treated as confidential, or any
information that the Company or its affiliates may receive belonging to
customers, agents or others who do business with the Company or its
affiliates, except to the extent that any such information previously
has been disclosed to the public by the Company or is in the public
domain (other than by reason of Executive’s violation of this Section
9(b)).	 

	 	(c)	 	Non-Solicitation of Employees. During the Employment
Period and until the earlier of: (i) the last day of the one year
period following any Voluntary Termination of the Employment Period by
Executive pursuant to Section 5 hereof, or (ii) the date a Change of
Control occurs, Executive shall not directly or indirectly solicit,
encourage or induce any employee of the Company or its affiliates to
terminate employment with such entity, and shall not directly or
indirectly, either individually or as owner, agent, employee,
consultant or otherwise, employ or offer employment to any person who
is or was employed by the Company or an affiliate thereof unless such
person shall have ceased to be employed by such entity for a period of
at least six months. Notwithstanding anything herein to the contrary,
the terms of this Section 9(c) shall not apply in the event of any
termination of employment following a Change of Control as provided for
in Section 6 of this Agreement.	 

	 	(d)	 	Company Property. Except as expressly provided
herein, promptly following any termination of the Employment Period,
Executive shall return to the Company all property of the Company, and
all copies thereof in Executive’s possession or under his control.	 

6

	 	(e)	 	Injunctive Relief and Other Remedies with Respect to
Covenants. Executive acknowledges and agrees that the covenants
and obligations of Executive with respect to noncompetition,
confidentiality, nonsolicitation, and Company property relate to
special, unique and extraordinary matters and that a violation of any
of the terms of such covenants and obligations will cause the Company
irreparable injury for which adequate remedies are not available at
law. Therefore, Executive agrees that the Company (i) shall be
entitled to an injunction, restraining order or such other equitable
relief (without the requirement to post bond) restraining Executive
from committing any violation of the covenants and obligations
contained in this Section 9, and (ii) shall have no further obligation
to make any payments to Executive hereunder following any material
violation of the covenants and obligations contained in this Section 9.
These remedies are cumulative and are in addition to any other rights
and remedies the Company may have at law or in equity. In connection
with the foregoing provisions of this Section 9, Executive represents
that his economic means and circumstances are such that such provisions
will not prevent him from providing for himself and his family on a
basis satisfactory to him. Notwithstanding the foregoing, in no event
shall an asserted violation of the provisions of this Section
constitute a basis for deferring or withholding any amounts otherwise
payable to the Executive under this Agreement following a Change of
Control.	 

10. Miscellaneous.

	 	(a)	 	Survival. All of the provisions of Sections 5 (relating to
termination of the Employment Period prior to a Change of Control),
6 (relating to termination of the Employment Period following a
Change of Control), 9 (relating to noncompetition, confidentiality,
nonsolicitation and Company property), 10(b) (relating to
arbitration), 10(c) (relating to legal fees) and 10(n) (relating to
governing law) of this Agreement shall survive the termination of
this Agreement.	 

	 	(b)	 	Arbitration. Except as provided in Section 9,
any dispute or controversy arising under or in connection with this
Agreement shall be resolved by binding arbitration. Such
arbitration shall be held in the city of Hartford, Connecticut and
except to the extent inconsistent with this Agreement, shall be
conducted in accordance with the Commercial Arbitration Rules of the
American Arbitration Association in effect at the time of the
arbitration, and otherwise in accordance with the principles that
would be applied by a court of law or equity. The arbitrator shall
be acceptable to both the Company and Executive. If the parties
cannot agree on an acceptable arbitrator, the dispute or controversy
shall be heard by a panel of three arbitrators; one appointed by
each of the parties and the third appointed by the other two
arbitrators. The Company and Executive further agree that they will
abide by and perform any award or awards rendered by the arbitrators
and that a judgment may be entered on any award or awards rendered
by any state or federal court having jurisdiction over the Company
or Executive or any of their respective property.	 

	 	(c)	 	Legal Fees and Expenses. In any contest
(whether initiated by Executive or by the Company) as to the
validity, enforceability or interpretation of any provision of this
Agreement, the Company shall pay Executive’s legal expenses (or
cause such expenses to be paid) including, without limitation, his
reasonable attorney’s fees, on a quarterly basis, upon presentation
of proof of such expenses in a form acceptable to the Company,
provided that Executive shall reimburse the Company for such
amounts, plus simple interest thereon at the 90-day United States
Treasury Bill rate as in effect from time to time, compounded
annually, if Executive shall not prevail, in whole or in part, as
to any material issue as to the validity, enforceability or
interpretation of any provision of this Agreement.	 

	 	(d)	 	Successors; Binding Effect. This Agreement
shall inure to the benefit of and be binding upon the Company and
its successors. The Company shall require any successor to all or
substantially all of the business and/or assets of the Company,
whether direct or indirect, by purchase, merger, consolidation,
acquisition of stock, or otherwise, by an agreement in form and
substance satisfactory to Executive, expressly to assume and agree
to perform this Agreement in the same manner and to the same extent
as the Company would be required to perform the Agreement if no such
succession had taken place. This Agreement is personal to the
Executive and, without the prior written consent of the Company,
shall not be assignable by Executive otherwise than by will or the
law of descent and distribution. This Agreement shall inure to the
benefit of and be enforceable by Executive’s legal representatives.	 

	 	(e)	 	Assignment. Except as provided in Section
10(d), neither this Agreement nor any of the rights or obligations
hereunder shall be assigned or delegated by any party hereto without
the prior written consent of the other party.	 

	 	(f)	 	Entire Agreement. This Agreement constitutes
the entire agreement between the parties hereto with respect to the
matters referred to herein. This Agreement supersedes and replaces
any prior employment or severance agreement or arrangement between
the Company and Executive. No other agreement relating to the terms
of Executive’s employment by the Company, oral or otherwise, shall
be binding between the parties unless it is in writing and signed by
the party against whom enforcement is sought. There are no
promises, representations, inducements or statements between the
parties other than those that are expressly contained herein.
Executive acknowledges that he is entering into this Agreement of
his own free will and accord, and with no duress, and that he has
read this Agreement and that he understands it and its legal
consequences.	 

	 	(g)	 	Severability; Reformation. In the event that
one or more of the provisions of this Agreement shall become
invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained
herein shall not be affected thereby. In the event of a
determination that any of the provisions of Section 9(a), Section
9(b) or Section 9(c) are not enforceable in accordance with their
terms, Executive and the Company agree that such Section shall be
reformed to make such Section enforceable in a manner that provides
the Company the maximum rights permitted at law.	 

	 	(h)	 	Waiver. Waiver by any party hereto of any
breach or default by the other party of any of the terms of this
Agreement shall not operate as a waiver of any other breach or
default, whether similar to or different from the breach or default
waived. No waiver of any provision of this Agreement shall be
implied from any course of dealing between the parties hereto or
from any failure by either party hereto to assert its or his rights
hereunder on any occasion or series of occasions.	 

	 	(i)	 	Notices. Any notice required or desired to
be delivered under this Agreement shall be in writing and shall be
delivered personally, by courier service, by registered mail,
return receipt requested, or by telecopy and shall be effective
upon actual receipt by the party to which such notice shall be
directed, and shall be addressed as follows (or to such other
address as the party entitled to notice shall hereafter designate
in accordance with the terms hereof):	 

	 	 	 	 	 	 	 	 	 
	If to the Company:
	 	The Hartford Financial Services Group, Inc.
	 	 	 	 
	 
	 	Law Department, HO-1-09
	 	 	 	 
	 
	 	Hartford Plaza
	 	 	 	 
	 
	 	Hartford, CT  06115
	 	 	 	 
	 
	 	Attention:  Corporate Secretary
	 	 	 	 
	With a copy to:
	 	Debevoise & Plimpton
	 	 	 	 
	 
	 	875 Third Avenue	 	 	 	 
	 
	 	New York, NY 10022
	 	 	 	 
	 
	 	Attn:  Lawrence K. Cagney, Esq.
	 	 	 	 
	If to Executive:
	 	The home address of Executive
	 	shown on the records of the Company

	 	(j)	 	Amendments. This Agreement may not be
altered, modified or amended except by a written instrument signed
by each of the parties hereto, provided, however, that the Company
may unilaterally amend this Agreement at any time as may be
necessary, in its reasonable judgment, to comply with law or to
avoid payments to the Executive under the Agreement being subject to
an additional tax under Section 409A of the Code. This Agreement is
intended to comply with Section 409A of the Code, and no action
taken by the Company shall be construed in a manner that would
result in the imposition of an additional tax on Executive under
Section 409A of the Code.	 

	 	(k)	 	Headings. Headings to provisions of this
Agreement are for the convenience of the parties only and are not
intended to be part of or to affect the meaning or interpretation
hereof.	 

	 	(l)	 	Counterparts. This Agreement may be executed
in counterparts, each of which shall be deemed an original but all
of which together shall constitute one and the same instrument.	 

	 	(m)	 	Withholding. Any payments provided for herein
shall be reduced by any amounts required to be withheld by the
Company from time to time under applicable Federal, State or local
income or employment tax laws or similar statutes or other
provisions of law then in effect.	 

(n) Governing Law. This Agreement shall be governed by the
laws of the State of Connecticut, without reference to principles of
conflicts or choice of law under which the law of any other jurisdiction
would apply.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and Executive has hereunto set his hand, as of the day and year first above
written.

THE HARTFORD FINANCIAL SERVICES GROUP, INC.

/s/ Ann M. de Raismes____________________________________

	 	 	 	 	 
	 	 	By:	 	 	Ann M. de Raismes
	 	 	Title:	 	 	Executive Vice President, Human Resources

EXECUTIVE:

/s/Thomas M. Marra____________________________________

Thomas M. Marra

7

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