The Hartford 2012 Annual Report Download - page 262

change form (or such other authorization as the Plan Administrator may require) with the party and by the date designated by the Plan
Administrator. Such change shall be effective as soon as practicable after the Valuation Date coincident with or next succeeding receipt
of the timely filed change form by the designated party (or such other date as may be designated by the Plan Administrator), and shall
apply to all amounts then and thereafter credited to the Participant's Account. Notwithstanding the foregoing, any request for a change in
investment allocation with respect to Excess Contributions shall be subject to the same waiting periods and other similar rules as would
have applied to such Excess Contributions under the Excess Savings Plan.
4.4 Failure to Make Proper Election. In the event that a Participant does not make a proper election pursuant to this Article IV,
such Participant shall be deemed to have elected to have the entire amount (as to which no proper election is made) then and thereafter
credited to the Participant's Account allocated to the Hypothetical Investment Fund that the Plan Administrator determines generally to
have the least risk of loss of principal.
4.5 Limitations on Investment Allocation . The Plan Administrator may (A) establish a minimum and/or a maximum portion of a
Participant's Account, in terms of a percentage or other amount thereof, that a Participant may elect to allocate to a particular
Hypothetical Investment Fund hereunder, (B) preclude any Participant who is an executive officer of the Company or a Director from
allocating any portion of his or her Account to a Hypothetical Investment Fund with an investment experience determined primarily in
relation to the investment performance of securities issued by the Company, and (C) establish such other limitations on investment
allocations as the Plan Administrator may deem appropriate.
4.6 No Actual Investment. Notwithstanding anything herein to the contrary, no amount of Eligible Compensation as to which an
election is made hereunder, and no amount credited to a Participant's Account pursuant to the Plan, shall be set aside or invested in any
actual fund on behalf of the Participant, provided, however, that nothing in the Plan shall be construed to preclude the Company from
directly or indirectly making investments for its own account in any actual investment vehicle corresponding to the Hypothetical
Investment Funds (or otherwise) in order to assist the Company in meeting its obligations hereunder, or for any other reason whatsoever.
No Participant or any other person or entity shall have by reason of the Plan any right to or in any such investment made by the
Company.
ARTICLE V
CREDITING AND DEBITING OF PARTICIPANT ACCOUNTS
5.1 Crediting of Eligible Compensation. Eligible Compensation as to which the Participant makes an election in accordance with
the Plan shall be credited to the Participant's Account as of the Valuation Date coincident or next succeeding the date such Eligible
Compensation would otherwise have been paid to, or contributed to the Excess Savings Plan on behalf of, the Participant.
5.2 Crediting and/or Debiting of Hypothetical Investment Fund Investment Experience . As of any particular Valuation Date
upon which an amount is credited to a Participant's Account,