The Hartford 2012 Annual Report Download - page 268

to submit payment to a Participating Company for such taxes before making settlement of any amount due under the Plan, (ii)
withholding such taxes from wages or other amounts due to the Key Employee before making settlement of any amount due under the
Plan, or (iii) receiving shares of common stock of The Hartford already owned by the Key Employee or withholding such shares
otherwise due to the Key Employee in an amount determined necessary to satisfy such withholding obligations; provided, however,
that, notwithstanding any language herein to the contrary, any Key Employee who is an executive officer of The Hartford (within the
meaning of Section 16 of the Act) shall have the right to satisfy his or her obligations to The Hartford pursuant to this Section 8.3 by
instructing The Hartford not to deliver to the Key Employee common stock of The Hartford otherwise deliverable to the Key
Employee in an amount sufficient to satisfy such obligations to The Hartford.
8.4 No Employment Rights. The Plan shall not, directly or indirectly, create in any Key Employee any right with respect to
continuation of employment with any of the Participating Companies or to the receipt of any Eligible Compensation or other
compensation. The Plan shall not interfere in any way with the rights of the applicable Participating Company to terminate, or otherwise
modify, the employment of any Key Employee or its compensation policies at any time.
8.5 Rights Not Transferable. The rights of a Participant under the Plan shall not be sold, exchanged, transferred, pledged,
hypothecated or otherwise disposed of, other than (A) by will, (B) by the laws of descent or distribution, or (C) pursuant to a qualified
domestic relations order as defined in the Internal Revenue Code of 1986, as amended, provided that the rights of any transferee of a
Participant shall not be greater than the rights of the Participant hereunder. The foregoing restriction shall be in addition to any
restrictions imposed by applicable law on a Participant's ability to dispose of any rights under the Plan.
8.6 Effect of Plan. The provisions of the Plan shall be binding upon all successors and assigns of a Participant, including without
limitation the Participant's estate and the executors, administrators or trustees thereof, heirs and legatees, and any receiver, trustee in
bankruptcy or representative of creditors of the Participant.
8.7 Administrative Expenses. An annual charge to each Participant’s Account of up to 0.25% of the total amount credited to such
Account shall be charged and applied to satisfy expenses reasonably incurred in connection with the administration of the Plan (as
determined in the sole discretion of the Plan Administrator).
8.8 Amendment and Termination of the Plan. The Board of Directors or the Committee (acting on behalf of the Board of
Directors) may amend or terminate the Plan or any Participant elections hereunder at any time. The Committee may at any time amend
or terminate the Plan or any Participant elections hereunder if the Committee determines in its sole discretion that The Hartford will
recognize income for income tax purposes with respect to any reserves accumulated under any life insurance policy obtained with
respect to any Participant hereunder. The Committee or the Plan Administrator may amend the Plan to the extent (A) required by
applicable law or regulation, or (B) required to maintain a favorable tax status for the Plan. Except as may be necessary to comply with a
change in law or to avoid any payments hereunder being subject to an additional