The Hartford 2008 Annual Report Download - page 743

The Plan is a defined contribution plan under ERISA, and as such is subject to the provisions of Titles I, II and III, but not
Title IV, thereof. Titles I, II and III include requirements for covered plans governing reporting, disclosure, participation,
vesting, fiduciary responsibility and enforcement. Title IV provides for plan termination insurance by the Federal
government’s Pension Benefit Guaranty Corporation. This insurance does not apply to defined contribution plans such as the
Plan.
State Street Bank, Westwood, Massachusetts, is the Trustee with respect to the Plan.
1.2 Purpose. The purpose of the Plan is to (A) supplement retirement income by encouraging Eligible Employees to save on
a regular and long-term basis; (B) provide Eligible Employees with an opportunity to own beneficially The Hartford Stock
to the maximum extent permitted under ERISA and without regard to any requirement of diversification applicable to other
investments of the Plan, it being intended that the presumption established under applicable law that investment in The
Hartford Stock is prudent be given full effect to the maximum extent consistent with applicable law (under which it is
recognized that dire circumstances such as an imminent collapse of The Hartford could require curtailment or termination of
such investment); (C) provide additional financial resources for emergencies and financial hardships; and (D) offer Eligible
Employees additional incentives to continue their careers with The Hartford.
1.3 Prospectus. The Plan (as amended) is included as part of the Prospectus.
1.4 Tax Qualification. For purposes of qualification under Section 401(a) of the Internal Revenue Code, the Plan includes a
savings plan portion and a stock bonus portion. Prior to November 29, 2001, the stock bonus portion consisted of assets
related to the leveraged employee stock ownership plan in effect from 1989 through the Distribution Date under the
Pre-Distribution ITT Plan, and Floor Company Contributions made by The Hartford. Effective November 29, 2001, the
stock bonus portion of the Plan (referred to in this Plan as the “ESOP”) consists of the assets invested in The Hartford Stock
in The Hartford Stock Fund.
1.5 Eligible Employees Serving in the U.S. Armed Services. If an Eligible Employee serves in the Armed Services of the
United States, notwithstanding any provision of the Plan to the contrary, Plan contributions, benefits and Service credit with
respect to qualified military service will be provided in accordance with Code Section 414(u).
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009