The Hartford 2012 Annual Report Download - page 314

party and by the date designated by the Plan Administrator. With respect to years prior to 2013, such Participant Contribution
Election Form shall authorize automatic Participant Contributions (by payroll deduction) from a Participant's Eligible
Compensation for a calendar year in any whole percentage, up to a maximum of 6%, for each pay period beginning after the
earlier of when (i) the Eligible Member’s elected level of combined before-tax and Roth 401(k) contributions under the
Qualified Plan reaches the Code Section 402(g) annual deferral limit applicable to the calendar year (determined as of the
December 31 prior to the start of the Plan Year, based on the Participant’s elected level of such Qualified Plan contributions for
the applicable Plan Year), or (ii) the Eligible Member’s year-to-date Eligible Compensation exceeds the Statutory Compensation
Limit for the applicable calendar year. With respect to years after 2012, such Participant Contribution Election Form shall
authorize automatic Participant Contributions (by payroll deduction) from a Participant's Eligible Compensation for a calendar
year in any whole percentage, up to a maximum of 6%, for each pay period beginning when the Eligible Member’s year-to-date
Eligible Compensation exceeds the Statutory Compensation Limit for the applicable calendar year. Once commenced, such
deductions shall continue each calendar year until the Participant changes the amount of such Participant Contributions pursuant
to this Section 3.2. Such election shall be irrevocable as of the latest date that an election is permitted under Section 409A of the
Code and the regulations and guidance promulgated thereunder. Without limiting the generality of the foregoing, and except as
otherwise permitted under Section 409A of the Code and the regulations and guidance promulgated thereunder, an election with
respect to the deferral of Eligible Compensation, other than “performance-based compensation” within the meaning of Section
409A of the Code and the regulations and guidance promulgated thereunder, shall be irrevocable no later than the last day of the
calendar year immediately preceding the calendar year in which the services related to such Eligible Compensation are
performed, and an election with respect to the deferral of “performance-based compensation” within the meaning of Section
409A of the Code and the regulations and guidance promulgated thereunder shall be irrevocable no later than the date that is six
months before the end of the applicable performance period.
(i) Amount of Participant Contributions . The Participant Contributions authorized by a Participant shall be in whole
percentages of Eligible Compensation (subject to the limitations set forth above) for each pay period, in effect on the date
the payroll deductions to which the Participant Contribution Election Form relates.
(ii) Changes in Participant Contributions . Subject to Section 3.2(B)(i) hereof, a Participant may elect to increase or
decrease the amount of Participant Contributions previously authorized by filing a properly completed 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 made in whole percentages of Eligible Compensation. A change in election to defer
Eligible Compensation, other than “performance-based compensation” within the meaning of Section 409A of the Code
and the regulations and guidance promulgated thereunder, shall be effective with respect to Eligible Compensation related
to services performed on or after the first day of the Plan Year following receipt of the change form by the designated
party. A change in election to defer "performance -