The Hartford 2008 Annual Report Download - page 801

14.5 Delegation of Authority to Plan Administrator . The Pension Administration Committee may delegate to the Plan
Administrator or other administrator the responsibility of administering and operating the details of the Plan in accordance
with the provisions of the Plan and any policies which may from time to time be established by the Pension Administration
Committee. The Plan Administrator shall be Hartford Fire’s Vice President, Employee Benefits (or successor or other
person holding a similar position). Except as to matters which are required by law to be determined or performed by the
Board of Directors, or which from time to time the Board of Directors may reserve to itself or allocate or delegate to officers
of Hartford Fire or to another Committee, and except as otherwise provided in the Plan or by the Pension Administration
Committee, the Plan Administrator shall have the full discretionary authority to determine all questions and to make all
factual determinations regarding any and all matters arising in the administration, interpretation and application of the Plan,
including but not limited to the right to remedy possible ambiguities, inequities, inconsistencies or omissions, and including
but not limited to questions of interpretation with respect to eligibility to participate, employment status, amount and timing
of benefits payable under the Plan and all other definitions and questions of interpretation. Such determinations and
interpretations shall be final, conclusive and binding on all parties who have a claim or interest under the Plan.
ARTICLE FIFTEEN
MANAGEMENT OF INVESTMENT FUNDS -
INVESTMENT AND SAVINGS PLAN INVESTMENT COMMITTEE
15.1 Composition of Investment and Savings Plan Investment Committee. The Investment and Savings Plan Investment
Committee shall be comprised of not less than four members. Notwithstanding any vacancies in memberships, the
Investment and Savings Plan Investment Committee may act so long as at least three memberships are filled.
15.2 Authority and Responsibilities of Investment and Savings Plan Investment Committee. The Investment and
Savings Plan Investment Committee shall be responsible, except as otherwise herein expressly provided, for directing and
coordinating all activity relating to the investment management of the assets of the Plan. Said Committee shall also have
such authority, powers and responsibilities as are set forth in the Plan or may be delegated by the Board of Directors as
provided in Article Thirteen, including, but not limited to the following: (A) Establishment of one or more trusts for the Plan
and any funding agreements for the Plan, (B) Selection and appointment of the Trustee and any funding agents,
(C) Provision, consistent with the provisions of the Plan and applicable trusts, of direction to the Trustee, which may involve
but need not be limited to direction of investment of all or a part of the Plan assets, and (D) Appointment and provision for
use of investment advisors and investment managers. In discharging the foregoing responsibilities, the Investment and
Savings Plan Investment Committee shall evaluate and monitor the investment performance of the Trustee and investment
managers, if any. Where a Stock Fund Fiduciary has been appointed to act in accordance with Section 8.1 of the Plan, the
Investment and Savings Plan Investment Committee shall have no responsibility or authority to act with respect to the assets
of the Plan that consist of The Hartford Stock held in The Hartford Stock Fund.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009