The Hartford 2012 Annual Report Download - page 291

•the new election may not be made less than 12 months prior to the date of the first scheduled payment.
(iii) Impact on specified employees
If a Participant is a “specified employee” as determined under the practices and policies of the Company as
established in accordance with Section 409A of the Code, and payments are scheduled to start upon separation
from service, then payments shall commence six months after the date the Participant separates from service.
In the case of such a delay, the payments that would have been made but for the period of the delay shall be paid
in a lump sum during the 10 day period following the six month anniversary of the Participant’s separation from
service, together with interest thereon determined based on the interest rate credited for purposes of the
Retirement Plan’s Cash Balance formula. Regular monthly annuity payments will then begin, if benefits are
being paid in the form of an annuity.
(c) Final Average Pay Formula -- Death Benefits
(i)Final Average Pay Formula -- Pre-Retirement Survivor’s Benefit
A Participant’s spouse or other properly elected beneficiary is eligible for this coverage if the Participant is
vested in the Plan and dies before pension payments begin, and is eligible for a Survivor’s Benefit under the
Retirement Plan. The benefit is payable for the spouse or other beneficiary’s lifetime equal to 50% of the
Participant’s adjusted Excess Pension Plan – Final Average Pay formula benefit, where the Participant’s adjusted
pension benefit is the retirement or vested benefit that the Participant would have