The Hartford 2008 Annual Report Download - page 795

(iii) “Eligible Retirement Plan” means, to the extent permitted by the Code, (a) an individual retirement account
described in Code Section 408(a), (b) an individual retirement annuity described in Code Section 408(b), (c) an
annuity plan described in Code Section 403(a), (d) a qualified plan described in Code Section 401(a) that accepts
the Eligible Rollover Distribution, (e) an annuity contract described in Code Section 403(b), or (f) an eligible plan
under Code Section 457(b) which is maintained by a state, a political subdivision of a state, or any agency or
instrumentality of a state or political subdivision of a state, and which agrees to separately account for amounts
transferred into such plan from this Plan. The definition of Eligible Retirement Plan shall also apply in the case of
a distribution to a surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified
domestic relations order, as defined in Code Section 414(p).
(iv) “Direct Rollover” means a payment by the Plan directly to the Eligible Retirement Plan specified by the
distributee in cash and/or shares.
(C) Ability to Request a Direct Rollover. If the Plan Administrator determines that a withdrawal or distribution
hereunder qualifies as an Eligible Rollover Distribution, the Distributee may request a Direct Rollover of all or part of
such withdrawal or distribution to one or two Eligible Retirement Plans that accept such Direct Rollover.
(D) Direct Rollovers Not Permitted in Certain Circumstances. In the event that the provisions of this Section 11.8
or any part hereof ceases to be required by law, than this Section or the part not required automatically shall be of no
further force or effect.
11.9 Elective Transfers From Plan . A distribution or withdrawal from the Plan shall be eligible for an elective transfer to a
qualified transferee employee plan, and as such will generally be treated as a distribution of a Member’s accrued benefit
under the Plan (but shall not be treated as a distribution for purposes of the minimum distribution requirements of Code
Section 401(a)(9)), only if all of the following requirements are satisfied: (A) the transfer must be payable proximate to, and
solely on account of, a disposition of assets or a subsidiary described in Code Sections 401(k)(10), (B) the transfer must
satisfy the requirements of Code Section 414(l), (C) the transfer must be conditioned upon a voluntary, fully informed
election by the Member to make the transfer, and in making such election, the Member must have the option of retaining his
or her Account benefits (including all optional forms of benefit) under this Plan, (D) if Code Sections 401(a)(11) and 417
otherwise apply to the Account, the spousal consent requirements of those Section must be met with respect to the transfer,
(E) the notice requirement described in Code Section 417, if applicable, must be met with respect to the Member and
spousal transfer election, (E) the Accounts to be transferred must be eligible for immediate distribution or withdrawal under
the Plan, (F) the amount of the benefit transferred must be equal to the transferor’s entire nonforfeitable Account balance
under the Plan, and (G) the Member must be fully vested in the transferred benefit under the transferee plan.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009