The Hartford 2008 Annual Report Download - page 742

Exhibit 10.17
THE HARTFORD
INVESTMENT AND SAVINGS PLAN
(As Amended and Restated as of January 1, 2009)
ARTICLE ONE
INTRODUCTION AND PURPOSE
1.1 Introduction. The Hartford Investment and Savings Plan (the “Plan”) was established effective December 19, 1995 to
cover Eligible Employees of The Hartford and Hartford Fire. The Hartford was spun-off from ITT Corporation effective
December 19, 1995. The Plan was amended and restated effective January 1, 1997. Effective as of the IPO Date, Hartford
Life became a publicly held company, was designated as a Participating Corporation for purposes of the Plan and securities
of Hartford Life were made available for investment under the Plan. Effective as of the Merger Date, Hartford Life ceased to
be a publicly held company due to its merger with a subsidiary of The Hartford, and its securities ceased to be available for
investment under the Plan. Effective April 1, 2002, the Omni Insurance Group 401(k) Retirement Plan was merged into the
Plan. Effective July 1, 2003, the Access Coverage Corporation 401(k) Plan was merged into the Plan. Effective January 1,
2009, the Planco Profit Sharing Plan is merged into the Plan. The Planco Profit Sharing Plan’s profit sharing contribution
allocation for 2008, if any, will be allocated under this Plan in 2009 to the Members eligible to receive the contributions in
accordance with the provisions of the Planco Profit Sharing Plan.
This Plan shall maintain account balances transferred from the ITT Investment and Savings Plan for Salaried Employees
(the “Pre-Distribution ITT Plan”) which had been maintained by Pre-Distribution ITT through December 18, 1995 for
members who became Eligible Employees of Hartford Fire on the Distribution Date and for certain deferred members whose
last services for Pre-Distribution ITT were performed for an insurance business of Pre-Distribution ITT. Certain of these
members, prior to May 9, 1989, were members in the Investment and Savings Plan for Salaried Employees of Hartford Fire
Insurance Company (the “Hartford Plan”). The Hartford Plan was merged into the Pre-Distribution ITT Plan effective on
May 9, 1989.
Effective November 29, 2001, a portion of this Plan was converted into an employee stock ownership plan (“ESOP”) within
the meaning of Code Section 4975(e)(7). The ESOP is designed to invest primarily in The Hartford Stock within the
meaning of such provision, and more specifically shall be invested entirely in The Hartford Stock except to the extent of
such cash equivalent reserves as may be required for liquidity purposes as more fully set forth herein.
Participation in the Plan is available, as set forth herein, to Eligible Employees of The Hartford and Hartford Fire, Hartford
Life, and of such other companies affiliated therewith as may become participating companies under the Plan. A quarterly
statement is sent to each member of the Plan reflecting the status of his or her Accounts under the Plan as of the end of each
calendar quarter.
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009