The Hartford 2012 Annual Report Download - page 322

7.4 Effect of Plan. The provisions of the Plan shall be binding upon, and inure to the benefit of, all successors of each 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 such Participant.
7.5 Use of Funds. All funds received or held by the Company pursuant to the Plan may be used by the Company for any corporate
purpose, and the Company shall not be obligated to segregate such funds from its general assets.
7.6 No Employment Rights. The Plan shall not, directly or indirectly, create in any Participant any right with respect to continuation
of employment with the Company or to the receipt of any Eligible Compensation or other compensation. The Plan shall not interfere in
any way with the rights of the Company to terminate, or otherwise modify, the employment of any Participant or its compensation
policies at any time.
7.7 Rights Not Transferable. The rights of a Participant under the Plan shall not be sold, exchanged, transferred (including an
involuntary transfer incident to a divorce), pledged, hypothecated or otherwise disposed of, other than (A) by will, or (B) by the laws of
descent or distribution, 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.
7.8 Transfers.
(A) Tranfer to New Employer. Notwithstanding provisions herein to the contrary, to the extent consistent with Section
409A of the Code and the regulations and guidance promulgated thereunder, in the event that the Company (i) sells or causes
the sale of the stock or assets of any company in the controlled group of the Company to a third party, or (ii) causes the
distribution to the holders of shares of the Company's common stock all of the outstanding shares of common stock of a
subsidiary or subsidiaries of the Company, and as a result of such sale or distribution any particular Participant is no longer
eligible to participate hereunder, the liabilities with respect to the benefits accrued by such Participant under the Plan shall, at the
discretion and direction of the Company (and approval by the new employer), be transferred to a similar plan of such new
employer and become a liability thereunder. Upon such transfer (and acceptance thereof) the liabilities for such transferred
benefits shall become the obligation of the new employer and the liability under this Plan for such benefits shall cease.
(B) Transfer from Former Employer. Notwithstanding provisions herein to the contrary, at the discretion and direction of
the Company, liabilities with respect to benefits accrued by a Participant under a plan maintained by such Participant's former
employer may be transferred to this Plan and upon such transfer such liabilities shall become liabilities hereunder.
7.9 Claims Procedure.