The Hartford 2008 Annual Report Download - page 804

17.7 Amendment of Plan. The Board of Directors reserves the right at any time and from time to time, and retroactively if
deemed necessary or appropriate to conform with governmental regulations or other policies, to modify or amend in whole
or in part any or all of the provisions of the Plan; provided that no such modification or amendment shall (A) make it
possible for any part of the funds of the Plan to be used for, or diverted to, purposes other than for the exclusive benefit of
Members, Deferred Members and Beneficiaries, or (B) increase the duties of the Trustee without its consent thereto in
writing. Except as may be required to conform with governmental regulations, no such amendment shall adversely affect the
rights of any Member or Deferred Member with respect to contributions made on his or her behalf prior to the date of such
amendment.
17.8 Merger or Consolidation of Plan. The Plan may not be merged or consolidated with, nor may its assets or liabilities
be transferred to, any other plan unless each Member or Deferred Member under the Plan would, if the resulting plan were
then terminated, receive a benefit immediately after the merger, consolidation, or transfer which is equal to or greater than
the benefit he or she would have been entitled to receive immediately before the merger, consolidation, or transfer if the
Plan had then terminated.
17.9 Termination of Plan . The Plan is entirely voluntary on the part of the Company. The Board of Directors reserves the
right at any time to terminate the Plan, the trust agreement and the trust hereunder or to suspend, reduce or partially or
completely discontinue contributions thereto. In the event of such termination or partial termination of the Plan or complete
discontinuance of contributions, the interests of Members and Deferred Members shall automatically become nonforfeitable.
In the event of such termination or partial termination or complete discontinuance, any forfeitures not previously applied in
accordance with Article Five shall be credited ratably to the Accounts of all Members and Deferred Members in proportion
to the amounts of Matching Company Contributions made under Article Five credited during the current calendar year, or, if
no Matching Company Contributions have been made during the current calendar year, then in proportion to such Matching
Company Contributions during the last previous calendar year during which such Matching Company Contributions were
made.
17.10 Headings and Word Usage. The headings used in this Plan are used for convenience of reference and in the case of
any conflict, the text of the Plan, rather than any headings, shall control. Words used in the singular are intended to include
the plural, whenever appropriate.
17.11 Construction. The Plan shall be construed, regulated and administered in accordance with the laws of the State of
New York, subject to the provisions of applicable Federal laws.
17.12 Tax Withholding. The Plan Administrator shall have the right, to the extent not prohibited by law, to make such
provisions as deemed appropriate in its sole discretion to satisfy any obligation of the Company to withhold federal, state or
local income or other taxes incurred by reason of the operation of the Plan or benefits provided under the Plan, including but
not limited to at any time (i) requiring a Participant to submit payment to the Company for such taxes before paying benefits
under the Plan or making settlement of any amount due under the Plan, (ii) withholding such taxes from wages or other
amounts due to a Participant before paying benefits under the Plan or making settlement of any amount due under the Plan,
(iii) making settlement of any amount due under the Plan part in shares of common stock of The Hartford and part in cash to
facilitate satisfaction of such withholding obligations, or (iv) receiving shares of common stock of the Hartford already
owned by a Participant or withholding such shares otherwise due to a Participant in an amount determined necessary to
satisfy such withholding obligations.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009