Form of Award Letter — 2008-2010 Long-Term Incentive Cash Plan Cycle
March 28, 2008
Private and Confidential
Re: Grant of 2008-2010 Cash Long-Term Incentive Award
CNA Financial Corporation (the “Company”) has granted you a long-term incentive cash award (the “Long-
Term Incentive Award”) under the CNA Financial Corporation 2000 Incentive Compensation Plan (the “Plan”)
for the performance period beginning January 1, 2008 and ending December 31, 2010 (the “Performance
Period”). The Long-Term Incentive Award generally provides that you will be eligible for an award opportunity
based on the achievement of predetermined levels of the Company’s net operating income (“NOI”). The NOI
target goal and a schedule for minimum and maximum performance levels will be set annually for each year within
the relevant performance cycles. At the end of each year NOI results will be determined and Long-Term
Incentive Award payouts (if any) will be accrued. No interest will be applied to the accruals.
For each year within the performance cycle 1 / 3 of the target award percentage will be applied to your year-end
base salary. Your target award for 2008-2010 Performance Period is % (“target bonus”).
For the calendar year 2008, NOI goals and Long-Term Incentive Award attainment will be determined
according to the following schedule.
Awards will be determined by interpolating between the minimum and maximum target attainments under the
At the end of the Performance Period, the Compensation Committee of the Company’s Board of Directors
(“Committee”) that administers the Plan will determine the performance level achieved for the period, and the
amount, if any, distributable to you for your award under the terms of the Plan.
This letter provides a summary of your Long-Term Incentive Award. This Long-Term Incentive Award is subject
to the Long-Term Incentive Award terms (the “Award Terms”) enclosed with this letter. (In the attached Award