THE TRAVELERS SEVERANCE PLAN
(effective April 1, 2004)
I. PURPOSE AND APPLICATION
I.1 Purpose: The purpose of the Plan is to provide severance payments to certain employees of the Company
and of those Affiliates that have adopted this Plan in the event such employees’ employment is terminated in
I.2 Application: The Plan as set forth herein applies to Employees who are terminated on or after April 1, 2006.
This Plan document supersedes and replaces any severance plan, program or policy maintained by an Employer
prior to April 1, 2006.
The following words and phrases, when used herein, unless their context clearly indicates otherwise, shall have
the following respective meanings.
II.1 “Administrator” means the Company, acting through the person, persons or committee delegated
administrative authority pursuant to Article V.
II.2 “Affiliate” means an entity on whose board of directors or other governing body the Company
(directly or indirectly through one or more subsidiaries) has representation by virtue of its ownership of capital
stock or other interest. However, under no circumstances does the term include any venture capital company in
which the Company or an Affiliate may, from time to time, have invested.
II.3 “Company” means The Travelers Companies, Inc. or any successor corporation by merger,
consolidation or purchase or otherwise which elects to adopt the Plan.
II.4 “Conduct Harmful or Prejudicial to the Company” means any act or omission whether or not
occurring during the course of employment, that the Administrator, in its sole discretion, determines to be
detrimental to the interests of the Company or an Affiliate, including, but not limited to, violation of any Employer
policy relating to illegal drugs, discrimi