The Hartford 2008 Annual Report Download - page 721

ARTICLE IV
HYPOTHETICAL INVESTMENT FUND ALLOCATIONS
4.1 Selection of Hypothetical Investment Funds. The Investment and Savings Plan Investment Committee shall select one
or more Hypothetical Investment Funds to which a Participant may elect pursuant to the Plan to allocate all or a portion of
the amount then and thereafter credited to the Participant’s Account. To the extent provided herein, such Hypothetical
Investment Funds shall be used to measure the hypothetical investment experience of the portion of a Participant’s Account
that the Participant properly elects to have allocated thereto. The Investment and Savings Plan Investment Committee may
change the selection of Hypothetical Investment Funds from time to time in its sole discretion. The selection of any such
Hypothetical Investment Funds shall not require the Company to invest or earmark any of its assets in any specific manner.
4.2 Investment Allocation Election. To the extent permitted by the Plan Administrator, a Participant may elect to have the
amount then and thereafter credited to his or her Account allocated among one or more of the Hypothetical Investment
Funds. Such election shall be made by filing a properly completed election form (or such other authorization as the Plan
Administrator may require) with the party and by the date designated by the Plan Administrator. With respect to Excess
Contributions, a Participant shall be deemed to have elected to have such amounts allocated to the same Hypothetical
Investment Funds that the Participant elected for amounts distributable following the date his or her employment with all
Participating Companies terminates. If the Participant has no such allocation election in place, then the Participant shall be
deemed to have elected to have all Excess Contributions allocated to the Hypothetical Investment Fund that the Plan
Administrator determines generally to have the least risk of loss of principal. Any election or deemed election under this
Section shall result in the investment experience of an elected Hypothetical Investment Fund being used to measure the
hypothetical investment experience of the particular portion of the Participant’s Account allocated to that Hypothetical
Investment Fund as provided herein.
4.3 Changes in Investment Allocation. To the extent permitted by the Plan Administrator, a Participant may change the
investment allocation previously elected by filing a properly completed change form (or such other authorization as the Plan
Administrator may require) with the party and by the date designated by the Plan Administrator. Such change shall be
effective as soon as practicable after the Valuation Date coincident with or next succeeding receipt of the timely filed change
form by the designated party (or such other date as may be designated by the Plan Administrator), and shall apply to all
amounts then and thereafter credited to the Participant’s Account. Notwithstanding the foregoing, any request for a change
in investment allocation with respect to Excess Contributions shall be subject to the same waiting periods and other similar
rules as would have applied to such Excess Contributions under the Excess Savings Plan.
4.4 Failure to Make Proper Election. In the event that a Participant does not make a proper election pursuant to this
Article IV, such Participant shall be deemed to have elected to have the entire amount (as to which no proper election is
made) then and thereafter credited to the Participant’s Account allocated to the Hypothetical Investment Fund that the Plan
Administrator determines generally to have the least risk of loss of principal.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009