EX-10.2: SUMMARY OF COMPENSATION
EX-10.2 3 y69758exv10w2.htm EX-10.2: SUMMARY OF COMPENSATION EX-10.2
Exhibit 10.2
The Hartford Financial Services Group, Inc.
2004 Compensation Of Non-Employee Directors
— For service for the period from the May 20, 2004 Annual Meeting of Shareholders through the next Annual Meeting —
| Standard Fees | Description | |||
Annual Stock Option Award | • | $60,000 valuation | ||
| • | Vests in 1/3 increments per year over a three-year period | |||
| • | Term = 10 years plus two days | |||
Annual Restricted Stock Award | • | $40,000 valuation | ||
| • | 1/3 of the shares vest three years from the date of the award and the remaining 2/3 of the shares vest five years from the date of the award | |||
Annual Retainer Payable in Cash | • | $30,000 | ||
Meeting Fee for each meeting of the Board of Directors attended | • | $1,500 per meeting | ||
Fee for each Committee meeting attended | • | $1,200 per Committee meeting | ||
Committee Chairperson Annual Retainer | • | $10,000 | ||
Other | ||||
Deferred Compensation Plan | • | May defer all or any portion of cash compensation into The Hartford Deferred Compensation Plan | ||
Insurance | • | $100,000 of group life insurance and $750,000 of AD&D | ||
| • | Directors may purchase additional AD&D insurance | |||
Travel and Related Expenses | • | Reimbursed for travel and related expenses incurred in connection with their serving on the Board of Directors and its Committees | ||
