THG 2019 Proxy Statement

THE HANOVER INSURANCE GROUP 2019 PROXY STATEMENT 50 Jeffrey M. Farber Benefit Death Disability For Cause Voluntary Without Cause For Good Reason Change in Control Cash Severance (1) (2) $ — $ — $ — $ — $ 1,300,000 $ 1,300,000 $ 2,600,000 Cash Incentives (3) — — — — — — 650,000 Equity Unvested Restricted Stock Units (PBRSUs) (4) 1,813,438 2,305,857 — — 1,052,682 1,052,682 3,164,000 Unexercisable Stock Options (5) 808,975 1,749,580 — — 1,193,786 1,193,786 1,816,727 Other Benefits Health & Welfare (6) — — — — — — 21,453 Outplacement (7) — — — — — — 30,000 Cash Severance Related to Company’s 401(k) and NQ Retirement Savings Plan (8) — — — — — — 60,000 TOTAL $2,622,413 $4,055,437 $ — $ — $ 3,546,468 $ 3,546,468 $ 8,342,180 J. Kendall Huber Benefit Death Disability For Cause Voluntary Without Cause For Good Reason Change in Control Cash Severance (1) (2) $ — $ — $ — $ — $ 1,063,750 $ 1,063,750 $ 3,191,250 Cash Incentives (3) — — — — — — 488,750 Equity Unvested Restricted Stock Units (PBRSUs and TBRSUs) (4) 1,048,011 1,197,943 — 109,297 — — 1,673,431 Unexercisable Stock Options (5) 552,501 829,184 — 42,879 — — 866,505 Other Benefits Health & Welfare (6) — — — — — — 15,523 Outplacement (7) — — — — — — 30,000 Cash Severance Related to Company’s 401(k) and NQ Retirement Savings Plan (8) — — — — — — 58,096 TOTAL $1,600,512 $ 2,027,127 $ — $ 152,176 $ 1,063,750 $ 1,063,750 $ 6,323,555 Richard W. Lavey Benefit Death Disability For Cause Voluntary Without Cause For Good Reason Change in Control Cash Severance (1) (2) $ — $ — $ — $ — $ 901,250 $ 901,250 $ 1,351,875 Cash Incentives (3) — — — — — — 386,250 Equity Unvested Restricted Stock Units (PBRSUs and TBRSUs) (4) 798,824 915,827 — — — — 1,265,904 Unexercisable Stock Options (5) 422,509 620,248 — — — — 646,366 Other Benefits Health & Welfare (6) — — — — — — 1,922 Outplacement (7) — — — — — — 30,000 Cash Severance Related to Company’s 401(k) and NQ Retirement Savings Plan (8) — — — — — — 50,610 TOTAL $1,221,333 $1,536,075 $ — $ — $ 901,250 $ 901,250 $ 3,732,927 See pages 51-53 for footnotes