The Hartford 2008 Annual Report Download - page 740

7.4 Compliance with Applicable Law. The Plan shall not be interpreted or administered in any way that would cause the
Plan to be in violation of Code Section 423 or other applicable law.
7.5 Expenses. The Company shall pay all expenses related to the administration of the Plan, except charges imposed by the
Transfer Agent for issuing certificates for Shares, sales charges and commissions applicable to Shares, charges for back
records and research performed at the request of the Participant, and such other expenses as may be designated by the
Committee. The Participant shall pay all expenses related to administration of the Plan that are not paid for by the Company.
7.6 Delivery of Shares to Estate Upon Death. In the event of the death of a Participant, any Shares purchased by the
Participant hereunder, other than Shares as to which the Participant previously received certificates, shall be issued and
delivered to the estate of the Participant as soon as practical thereafter.
7.7 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.
7.8 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.
7.9 Plan Share Purchases. Shares subject to purchase by Participants under the Plan shall, in the discretion of the
Committee, be made available from treasury Shares, authorized but unissued Shares, reacquired Shares, and/or Shares
purchased on the open market.
7.10 Effective Date. The Plan shall be effective on the first business day of the calendar quarter occurring on or after the
later of (i) October 1, 1996, (ii) the effective date of the Form S-8 Registration Statement covering Shares authorized for
purchase under the Plan, or (iii) such other date as may be designated by the Committee.
7.11 Amendment or Termination of the Plan
A. The Committee may from time to time amend, modify or suspend the Plan to the extent it deems, in its sole
discretion, advisable and consistent with the purposes of the Plan and applicable law.
B. Notwithstanding the foregoing, no amendment that would (i) effect an increase in the number of Shares which may
be purchased under the Plan, which increase is of a type that would require shareholder approval under Code
Section 423, or (ii) effect a change in the designation of the corporations whose Employees may be offered Options
under the Plan, which change is of a type that would require shareholder approval under Code Section 423, shall
become effective unless the shareholder approval required by Code Section 423 is obtained.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009