The Hartford 2012 Annual Report Download - page 284

who terminated employment prior to January 1, 2009 but who had not, as of December 31, 2008, commenced
receiving his benefits under the Plan, such Participant shall receive the benefit payable under Section 2.02, to the extent
vested pursuant to Section 2.03, in the form and at the time as the Participant elected (1) prior to January 1, 2009, in the
case of a Participant who became a Participant prior to 2009, or (2) prior to the January 31 following the year in which a
person first became a Participant, in the case of an Eligible Employee who was not a Participant prior to 2008. There are
two formulas under the Plan that correspond to the two formulas under the Retirement Plan – an Excess Pension Plan
Final Average Pay formula that provides benefits in excess of what can be provided by the Retirement Plan’s final
average pay formula, and an Excess Pension Plan Cash Balance formula that provides benefits in excess of what can be
provided by the Retirement Plan’s cash balance formula. If the form of payment of any Excess Pension Plan Final
Average Pay formula benefit is other than a single life annuity over the life of the Participant, or if the form of payment
of any Excess Pension Plan Cash Balance formula benefit is other than a lump sum, the benefit shall be adjusted as
provided in the Retirement Plan to reflect the different payment form, and, if the commencement of any Excess
Pension Plan Final Average Pay formula payments is other than the Participant’s Normal Retirement Date, as defined in
the Retirement Plan, the benefit shall also be adjusted as provided in the Retirement Plan to reflect the different
Annuity Commencement Date.
Participants shall make different time and form of payment elections with respect to their Excess Pension Plan Final
Average Pay formula benefit (applicable to Eligible Employees who were originally hired before January 1, 2001, and
whose