Take the ham out of the refrigerator about 1 hour before baking. Heat the oven to 325°F and set a rack in the lower third.
Discard any glaze packet. Place the ham cut side down in a roasting pan, pour the water or juice into the pan, and cover the ham and pan tightly with heavy-duty foil.
Bake covered for about 1¼ to 1½ hours for an 8-pound ham (roughly 10 to 12 minutes per pound), until a thermometer in the thickest part, not touching bone, reads about 120°F.
While the ham bakes, combine the brown sugar, honey, orange juice, butter, Dijon, cinnamon, and cloves in a small saucepan. Simmer over medium heat, stirring, for 3 to 5 minutes, until the sugar dissolves and the glaze thickens slightly.
Uncover the ham and brush it generously with about half of the glaze, letting some run between the slices.
Return the ham to the oven uncovered and bake 20 to 30 minutes more, brushing with more glaze halfway through, until the glaze is bubbly and caramelized and the center reaches 140°F.
Rest the ham for 15 minutes. Spoon any remaining glaze and pan juices over the slices, then carve along the bone and serve.