The Hartford 2008 Annual Report Download - page 710

10. Beneficiary
(a) Each Key Employee, Director and/or his or her Transferee may file with the Company a written designation of one
or more persons as the Beneficiary who shall be entitled to receive the Award, if any, payable under the Plan upon his or her
death. A Key Employee, Director or Transferee may from time to time revoke or change his or her Beneficiary designation
without the consent of any prior Beneficiary by filing a new designation with the Company. The last such designation
received by the Company shall be controlling; provided, however, that no designation, or change or revocation thereof, shall
be effective unless received by the Company prior to the Key Employee’s, Director’s or Transferee’s death, as the case may
be, and in no event shall it be effective as of a date prior to such receipt.
(b) If no such Beneficiary designation is in effect at the time of death of a Key Employee, Director or Transferee, as the
case may be, or if no designated Beneficiary survives the Key Employee, Director or Transferee or if such designation
conflicts with applicable law, the estate of the Key Employee, Director or Transferee, as the case may be, shall be entitled to
receive the Award, if any, payable under the Plan upon his or her death. If the Committee is in doubt as to the right of any
person to receive such Award, the Company may retain such Award, without liability for any interest thereon, until the
Committee determines the rights thereto, or the Company may pay such Award into any court of appropriate jurisdiction and
such payment shall be a complete discharge of the liability of the Company therefore.
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009