The Hartford 2008 Annual Report Download - page 791

Unless the Member or Deferred Member or Beneficiary otherwise elects, distribution of the value of a Member’s
Vested Share invested in The Hartford Fund will be made in substantially equal periodic payments of a period not
longer than the greater of—
(x) five years; or
(y) if the fair market value of the Vested Share invested in The Hartford Stock Fund exceeds $885,000 (in 2006)
as of the date distribution is required to begin under this Article Eleven, five years plus an additional one year (up
to an additional five years) for each $175,000 increment or fraction thereof by which such value exceeds
$885,000. The dollar amounts prescribed in this paragraph shall be adjusted for cost of living increases as
prescribed by the Secretary of the Treasury.
11.2 Manner of Requesting Distribution. All requests for any distributions permitted by this Article Eleven shall be made
in a manner and by the date required by the Plan Administrator. No distribution will be made unless the procedures
prescribed by the Plan Administrator are properly followed.
11.3 Valuation of Distribution. Distributions will be valued as of the date that the Plan Administrator (or designee)
receives a properly completed distribution request, which date shall be treated as the Valuation Date that applies to the
distribution.
11.4 Time of Distribution. All distributions will be paid to the appropriate payee as soon as practicable following the
applicable Valuation Date. If part of a distribution is to be made in the form of stock, the stock will be distributed after the
cash part of the distribution. Unless a Member so elects, payment of a Member’s Vested Share shall commence no later than
60 days after the close of the Plan Year in which the latest of the following occurs:
(1) The Member attains age 65,
(2) Occurs the 10th anniversary of the date on which the Member commenced participation in the Plan, or
(3) The Member terminates Service with the Company and its affiliates.
11.5 Form of Distribution. Except as otherwise provided in the Plan, distributions shall be made in a form determined
under the rules of this Section.
(A) Stock and Cash Distributions. Distributions from The Hartford Stock Fund shall be made in the form of The
Hartford Stock, except that: (i) fractional shares will be paid in cash, and (ii) a recipient may request that such amounts
be paid in cash. Distributions from any Investment Fund other than The Hartford Stock Fund shall be paid in cash.
(B) Lump Sum Distributions. Distributions shall be paid in a single lump sum, unless otherwise permitted by the
Plan.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009