The Hartford 2008 Annual Report Download - page 739

C. The resolutions, constructions, interpretations and other determinations and actions taken by the Committee
hereunder shall be final, conclusive and binding for all purposes on all parties who have a claim or interest under the
Plan.
D. The Committee may, in its sole discretion, delegate such of its powers as it deems appropriate to the Executive Vice
President, Human Resources (or successor or other person holding a similar position) of The Hartford or the Chief
Executive Officer of The Hartford.
6.2 Delegation of Certain Authority to Plan Administrator. Except as otherwise provided in the Plan, required by
applicable law, or determined by the Committee, the Plan Administrator shall be the Executive Vice President, Human
Resources of The Hartford (or successor or other person holding a similar position) or the Chief Executive Officer of The
Hartford. Except as otherwise provided in the Plan, required by applicable law, or determined by the Committee: (A) the
Plan Administrator shall be responsible for the performance of such administrative duties under this Plan that are not
otherwise reserved to the Committee by the Plan, (B) the Plan Administrator shall have the full power, discretion and
authority to interpret, construe and administer the Plan and any part thereof in any manner deemed appropriate in its sole
discretion, and to resolve all questions arising under the Plan in any manner deemed appropriate in its sole discretion,
including, but not limited to, questions of interpretation with respect to eligibility to participate in the Plan, employment
status, amount and timing of benefits payable under the Plan, and all other definitions and questions of interpretation,
(D) the resolutions, constructions, interpretations and other determinations and actions taken by the Plan Administrator
hereunder shall be final, conclusive and binding for all purposes on all parties who have a claim or interest under the Plan,
and (E) the Plan Administrator may, in its sole discretion, delegate such of its powers as it deems appropriate to other
members of senior management of the Company.
ARTICLE VII
MISCELLANEOUS
7.1 No Employment Rights. The Plan shall not, directly or indirectly, create in any Employee or class of Employees any
right with respect to continuation of employment with the Company. The Plan shall not interfere in any way with the
Company’s right to terminate, or otherwise modify, an Employee’s employment at any time.
7.2 Rights Not Transferable. Any rights of the Participant under the Plan shall not be transferred other than (i) by will,
(ii) by the laws of descent or distribution, or (iii) pursuant to a qualified domestic relations order as defined in the Code.
7.3 Tax Withholding. The Committee shall have the right to make such provisions as deemed appropriate in its sole
discretion to satisfy any obligation of the Company to withhold federal, state or local income or other taxes (including FICA
obligations) incurred by reason of the operation of the Plan or an option granted under the Plan, including but not limited to
at any time: (i) requiring a Participant to submit payment to the Company for such taxes before making settlement of any
Shares or other amount due under the Plan, (ii) withholding such taxes from wages or other amounts due to the Participant
before making settlement of any Shares or other amount due under the Plan, (iii) making settlement of any Shares or other
amount due under the Plan to a Participant part in Shares and part in cash to facilitate satisfaction of such withholding
obligations, or (iv) receiving Shares already owned by, or withholding Shares otherwise due to, the Participant in an amount
determined necessary to satisfy such withholding obligations; provided, however, that, notwithstanding any language herein
to the contrary, any Participant who is an executive officer of the Company (within the meaning of Section 16 of the Act)
shall have the right to satisfy his or her obligations to the Company pursuant to this Section 7.3 by instructing the Company
not to deliver to the Participant Shares otherwise deliverable to the Participant in an amount sufficient to satisfy such
obligations to the Company.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009