The Hartford 2008 Annual Report Download - page 792

(C) Periodic Distributions. One of the two forms of periodic distribution described in Section 11.6 below may be
requested by (i) a Member whose employment terminates after reaching age 55, (ii) a Member whose employment
terminates before reaching age 55 due to Retirement provided the Member has an original hire date with the Company
before January 1, 2002, (iii) a Member whose employment terminates before reaching age 55 due to Disability, and
(iv) a Deferred Member who has reached age 55. Prior to November 29, 2001, periodic distributions shall be made in
cash. Periodic distributions that commence or are modified on or after November 29, 2001 shall be made in the form of
The Hartford Stock, or cash, or both, as provided in (A), above.
(D) Prior Plan Transfers. Alternative methods of distribution may apply to that portion of an Account attributable to a
Prior Plan Transfer.
(E) Special Distribution Rules for Certain Amounts Attributable to the Planco Profit Sharing Plan . Amounts
under this Plan attributable to certain defined benefit plan amounts under the Planco Profit Sharing Plan will be subject
the survivor annuity requirements of Code Section 401(a)(11) and 417. Any distributions subject to such requirements
shall be made in accordance with Sections 16.5 and 16.6 of the Planco Profit Sharing Plan Basic Plan Document as it
existed on December 31, 2008.
11.6 Distribution of Periodic Payments. A person described in Section 11.5(C) may request one of the forms of periodic
distributions described in this Section.
(A) Annual Installments over a Selected Period of Years . Annual payments may be made over a period of years
selected by the recipient that does not exceed the lesser of (i) 30 years, or (ii) the applicable Distribution Period set
forth in Appendix A. The first of such payments shall be made as soon as practicable after the applicable Valuation
Date, and the remaining payments shall be made annually on each anniversary thereafter. The amount of each payment
shall be determined by multiplying the value of the recipient’s Accounts as of the applicable Valuation Date by a
fraction, the numerator of which shall be one, and the denominator of which shall be the number of years in the selected
period.
(B) Annual Installments over Expected Life. Annual payments may be made to a Member over a period of years in
an amount determined under Appendix A. The first of such payments shall be made as soon as practicable after the
applicable Valuation Date, and the remaining payments shall be made annually on each anniversary thereafter. The
amount of each payment shall be determined by dividing the value of the recipient’s Accounts as of the applicable
Valuation Date by the applicable Distribution Period set forth in Appendix A based upon the Member’s attained age in
the year of the distribution.
- 51 -
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009