The Hartford 2012 Annual Report Download - page 260

apply only to the Eligible Compensation as to which the election is made, and shall have the effect, to the extent provided herein, of
deferring the payment of such Eligible Compensation beyond the date that it might otherwise have become payable to the Participant.
Such election shall be irrevocable. If a Key Employee or Director elects to defer a particular amount of Eligible Compensation under
the Plan, and then terminates employment with all Participating Companies or, in the case of a Director, terminates service on the Board
of Directors, and such termination occurs before the date such amount would have been payable to the Key Employee or Director in the
absence of the election, then the election shall be deemed null and void and without effect.
Effective December 1, 2012, no further elections to participate hereunder shall be permitted by Key Employees or Directors.
3.2 Form of Election. The election form filed by a Participant pursuant to this Article III shall (A) identify a portion of the
Participant's Eligible Compensation that may become payable with respect to the Participant's services, (B) contain the Participant's
election to defer the payment of such portion of such Eligible Compensation in accordance with the terms of the Plan, and (C) contain
such other information as the Plan Administrator may require.
3.3 Maximum and Minimum Amounts Required for Participation . The Committee or the Plan Administrator may designate a
maximum and a minimum portion of the Eligible Compensation of a Key Employee or Director, in terms of a percentage or other
amount thereof, as to which an election may be made hereunder.
3.4 Nullification of Election. Notwithstanding anything herein to the contrary, any election made by a Key Employee or Director
hereunder shall be deemed null and void to the extent that (A) the Eligible Compensation as to which the election applies is designated
by the Committee, in its sole discretion, as not payable to such Key Employee, or (B) such election applies to Eligible Compensation
payable during the six month period during which the Key Employee ceases savings under the Investment and Savings Plan as a result
of receiving a hardship withdrawal under that Plan.
3.5 Establishment of Participant Accounts . Up to a maximum number of Accounts (as permitted by the Committee or the Plan
Administrator, and elected by the Participant) shall be maintained on behalf of each Participant on the books of The Hartford. Amounts
shall be credited to or debited from a Participant's Account as provided in Article V. The Plan Administrator shall cause each Participant's
Account to be valued on the applicable Valuation Date, and shall cause records indicating such value to be maintained. When an event
requires a determination of the value of a Participant's Account, such value shall be determined as of the Valuation Date coincident with
or immediately preceding the date of such event, unless otherwise required by the Plan. The value of a Participant's Account shall be
reported to the Participant from time to time as determined appropriate by the Plan Administrator.
3.6 Obtaining of Life Insurance Policies. As a condition of participation hereunder, the Committee may require that a Participant
provide assistance in obtaining a life insurance policy on the life of such Participant, such policy to be solely owned by, and solely payable
to, The Hartford