The Hartford 2008 Annual Report Download - page 724

If a Participant is a “specified employee” as determined under the practices and policies of the Company as established in
accordance with Section 409A of the Code, then a distribution to the Participant by reason of separation from service shall
be made six months and one day after the date the Participant separates from service.
6.2 Distribution in the Event of Hardship. A Participant may request a hardship distribution from his or her Account by
filing a properly completed hardship distribution form (or such other authorization as the Plan Administrator may require)
by the date and with the party designated by the Plan Administrator. The Plan Administrator may, if it determines, consistent
with Section 409A of the Code and the regulations and guidance promulgated thereunder, that a severe and unforeseeable
financial hardship on the part of the Participant exists, permit a distribution to the Participant of an amount credited to the
Participant’s Account that is reasonably necessary to meet such hardship, including any amount reasonably necessary to pay
any income or other taxes resulting from such distribution. Such hardship distribution shall be made within 90 days of the
date the Plan Administrator determines that the Participant has incurred a severe and unforeseeable financial hardship.
6.3 Distribution Upon Termination of Employment or Board Service.
(A) General Rule. Except as provided in Section 6.3(B), within 90 days of the fifth business day of the month
following the month in which the Participant’s separation from service occurs, the Company shall distribute to the
Participant a single lump sum cash payment equal to the total amount credited to the Participant’s Account as of
the Valuation Date immediately preceding such distribution.
(B) Exception for Certain Terminations. In the case of a Participant who: (i) has reached age 55 or older at the time
employment or service on the Board of Directors terminates or who has satisfied the requirements for early
retirement treatment (“Rule of 70”) under The Hartford Retirement Plan for U.S. Employees, or (ii) is a
commissioned wholesaler for Planco Financial Services,. who, at the time employment terminates, satisfies the
minimum service and Account balance requirements established by the Committee or the Plan Administrator (two
years and $50,000), the Company shall distribute the amounts credited to such a Participant’s Account in
accordance with the distribution elections in place at such time. Notwithstanding the foregoing, except for a
Participant who elected to participate in the Plan prior to 2009 while a commissioned wholesaler for Planco
Financial Services or a Participant who first elects to participate in the Plan after 2008 while a wholesaler for
Planco Financial Services, if a Participant has an election in place to receive payment of amounts from any
Account during the time of employment or service on the Board of Directors, all amounts remaining in such
Account shall be distributed to such Participant in a single lump sum cash payment within 90 days of the fifth
business day of the month following the month in which the Participant’s separation from service occurs. Further,
if any minimum Account balance requirement is not met, the particular Account shall be distributed to the
Participant in a single lump sum cash payment as soon as practicable after the Valuation Date coincident with or
next succeeding the date the first installment otherwise would have been payable.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009