Common use of Termination of Award Clause in Contracts

Termination of Award. The Committee may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested or with respect to which any applicable Performance Period or Restriction Period has not lapsed, if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief Human Resources Officer are made for withholding.] [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards to you under the Plan, The Hartford 2010 Incentive Stock Plan and similar plans. Should you wish to make a beneficiary designation, the Beneficiary Designation Form must be returned to Executive Compensation. If the form is not returned to Executive Compensation, any distribution under the Plan will be made to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent you previously filed a Beneficiary Designation Form for your awards. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies. Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxx]. The information and documents available include the following: The Hartford 2014 Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), Beneficiary Designation Forms, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact Executive Compensation, The Hartford, T-1-173-1R, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000, for paper copies.

Appears in 1 contract

Samples: Hartford Financial Services Group Inc/De

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Termination of Award. The Committee may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested or with respect to which any applicable Performance Period or Restriction Period has not lapsed, if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief Human Resources Officer are made for withholding.] [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards to you under the Plan, The Hartford 2010 2014 Incentive Stock Plan and similar plans. Should you wish to make a beneficiary designation, the Beneficiary Designation Form must be returned to Executive Compensation. If the form is not returned to Executive Compensation, any distribution under the Plan will be made to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent unless you previously filed a Beneficiary Designation Form for your awards. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies. Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxx]. The information and documents available include the following: The Hartford 2014 2020 Stock Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), Beneficiary Designation Forms, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact Executive Compensation, The Hartford, T-1-173-1R, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000, for paper copies.. Exhibit 10.01

Appears in 1 contract

Samples: Hartford Financial Services Group, Inc.

Termination of Award. The Committee may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested or with respect to which any applicable Performance Period or Restriction Period has not lapsed, if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief Human Resources Officer are made for withholding.] [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards to you under the Plan, The Hartford 2010 2014 Incentive Stock Plan and similar plans. Should you wish to make a beneficiary designation, the Beneficiary Designation Form must be returned to Executive Compensation. If the form is not returned to Executive Compensation, any distribution under the Plan will be made to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent unless you previously filed a Beneficiary Designation Form for your awards. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies. Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxx]. The information and documents available include the following: The Hartford 2014 2020 Stock Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), Beneficiary Designation Forms, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact Executive Compensation, The Hartford, T-1-173-1R, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000, for paper copies. Award Agreement; Plan Terms and Conditions 261 Please note that this document, along with the Plan, constitutes your [option, performance award, restricted stock unit] agreement with The Hartford. Your [option, performance award, restricted stock unit] grant is subject to all of the terms and conditions of the Plan, as it may be amended from time to time, including, but not limited to, the recoupment provisions thereof, and all of the rules, procedures and interpretations of the Plan that the Committee may adopt from time to time. Pursuant to the Plan, the Committee has full discretion and authority to interpret, construe and administer the Plan and any part thereof. In the event of any conflict between this document and the provisions of the Plan, the Plan shall prevail. Capitalized terms used herein shall have the meanings specified herein or assigned by the Plan.

Appears in 1 contract

Samples: Hartford Financial Services Group, Inc.

Termination of Award. The Committee may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested or with respect to which any applicable Performance Period or Restriction Period has not lapsed, if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief President, Human Resources Officer are made for withholding.] . [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] [Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards to you under the Plan, The Hartford 2010 Incentive Stock Plan and similar plans. Should you wish to make a beneficiary designation, the Beneficiary Designation Form must be returned to Executive Compensation. If the form is not returned to Executive Compensation, any distribution under your shares transferable to a designated beneficiary will, in accordance with the Plan will Plan, be made transferred to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent you previously filed a Beneficiary Designation Form for your awardsapplicable to awards under the Plan. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies. .] Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxx]. The information and documents available include the following: The Hartford 2014 Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), Beneficiary Designation Forms, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact [Executive Compensation, The Hartford, T-1XX-0-173-1R000, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000], for paper copies.

Appears in 1 contract

Samples: Non Qualified Stock (Hartford Financial Services Group Inc/De)

Termination of Award. The Committee may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested or with respect to which any applicable Performance Period or Restriction Period has not lapsed, if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief President, Human Resources Officer are made for withholding.] . [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] 114 Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards to you under the Plan, The Hartford 2010 Incentive Stock Plan and similar plans. Should you wish to make a beneficiary designation, the Beneficiary Designation Form must be returned to Executive Compensation. If the form is not returned to Executive Compensation, any distribution under your shares transferable to a designated beneficiary will, in accordance with the Plan will Plan, be made transferred to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent you previously filed a Beneficiary Designation Form for your awards. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies. Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxx]. The information and documents available include the following: The Hartford 2014 Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), Beneficiary Designation Forms, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact Executive Compensation, The Hartford, T-1-173-1R, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000, for paper copies.

Appears in 1 contract

Samples: Non Qualified Stock (Hartford Financial Services Group Inc/De)

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Termination of Award. The Compensation and Management Development Committee of the Hartford’s Board of Directors (the “Committee”) may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested [or with respect to which any applicable Performance Period or Restriction Period has not lapsed], if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief Human Resources Officer are made for withholding.] [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards 212906281_3 LAW to you under the Plan, The Hartford 2010 2014 Incentive Stock Plan and similar plans. Should you wish to To make a beneficiary designation, return the Beneficiary Designation Form must be returned to Executive CompensationCompensation at the address below. [If the form is not returned to Executive Compensation, any distribution under the Plan will be made to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent unless you previously filed a Beneficiary Designation Form for your awardsForm. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies.][ your options transferable to a designated beneficiary will, in accordance with the Plan, be transferred to your spouse in the event of your death (or, if no spouse, to your estate), unless you previously filed a Beneficiary Designation Form. Please note that once you exercise your options and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies.] Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxx]. The information and documents available include the following: The Hartford 2014 2020 Stock Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), the Beneficiary Designation FormsForm, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact Executive Compensation, The Hartford, T-1-173-1R, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000, for paper copies.

Appears in 1 contract

Samples: Hartford Financial Services Group, Inc.

Termination of Award. The Compensation and Management Development Committee of The Hartford’s Board of Directors (the “Committee”) may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested or with respect to which [any applicable [Performance Period or Restriction Period Period][Restriction Period][vesting period] has not lapsed, if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief President, Human Resources Officer are made for withholding.] . [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx[insert link]]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards to you under the Plan, The Hartford 2010 Incentive Stock Plan and similar plans. Should you wish to To make a beneficiary designation, return the Beneficiary Designation Form must be returned to Executive Compensation[xxxx]. If the form is not returned to Executive Compensation[xxxxx], any distribution under the Plan 2014 Incentive Stock Plans will be made to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent unless you previously filed a Beneficiary Designation Form for your awardsForm. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies. Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxxinsert link]. The information and documents available include the following: The Hartford 2014 Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), the Beneficiary Designation FormsForm, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact Executive Compensation, The Hartford, T-1-173-1R, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000, [xxxxx] for paper copies.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Hartford Financial Services Group Inc/De)

Termination of Award. The Committee may in its sole discretion terminate in whole or in part such portion of your award as has not, at the time of such termination, become vested or with respect to which any applicable Performance Period or Restriction Period has not lapsed, if the Committee determines that you are not performing satisfactorily the duties assigned to you as of the date on which the award was made. Tax Withholding [Federal, state and local income or other taxes to be withheld with respect to your award will be satisfied when your award is paid by retaining stock you would otherwise receive under this award in an amount sufficient to satisfy the 101 withholding obligations applicable to this award, unless other arrangements satisfactory to the Executive Vice President & Chief President, Human Resources Officer are made for withholding.] . [You agree to pay the Company an amount sufficient to satisfy the tax withholding obligations applicable to the exercise of your options.] Beneficiary Designation One or more beneficiaries may be designated on the Beneficiary Designation Form, [available at xxx.xxx.xxx]. Unless revoked, your Beneficiary Designation will apply to outstanding and future awards to you under the Plan, 122 The Hartford 2010 Incentive Stock Plan and similar plans. Should you wish to make a beneficiary designation, the Beneficiary Designation Form must be returned to Executive Compensation. If the form is not returned to Executive Compensation, any distribution under your shares transferable to a designated beneficiary will, in accordance with the Plan will Plan, be made transferred to your spouse in the event of your death (or, if no spouse, to your estate), except to the extent you previously filed a Beneficiary Designation Form for your awards. Please note that once your award vests and shares are transferred to your individual brokerage account, the beneficiary designation for your individual brokerage account, and not the Beneficiary Designation Form, applies. Additional Documents Your long-term incentive award, along with additional information regarding your award, is available at [xxx.xxx.xxx]. The information and documents available include the following: The Hartford 2014 Incentive Stock Plan Prospectus (which includes a brief summary of the Federal tax consequences of your award), Beneficiary Designation Forms, and award treatment upon termination of employment. You are strongly urged to review all of the above documents, as well as the other information provided, at your earliest convenience. If you cannot access the information, please contact Executive Compensation, The Hartford, T-1-173-1R, Xxx Xxxxxxxx Xxxxx, Xxxxxxxx, XX 00000, (000) 000-0000, for paper copies.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Hartford Financial Services Group Inc/De)

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