The Hartford 2008 Annual Report Download - page 753

“Retirement Plan” means The Hartford Retirement Plan for U.S. Employees, as it may be amended from time to time.
“Rollover Account” means the portion of the Trust Fund which, with respect to a Member or Deferred Member, is
attributable to Rollover Contributions and any investment earnings and gains or losses thereon.
“Rollovers” means the rollover contributions permitted by Article Four.
“Roth 401(k) Savings” means savings made by a Member under Section 4.2, and includes both Basic Roth 401(k) Savings
and Supplemental Roth 401(k) Savings.
“Roth 401(k) Catch-Up Contributions Account” means that portion of the Trust Fund which, with respect to any Member
or Deferred Member, is attributable to Roth 401(k) Catch-Up Savings, and any investment earnings and gains or losses
thereon.
“Roth 401(k) Catch-Up Savings” means contributions made on a Member’s behalf which are credited to his or her Roth
401(k) Catch-Up Contributions Account in accordance with Section 4.2(C).
“Salary” means an Eligible Employee’s compensation from the Company at his or her base rate, including any payments
made on account of such Eligible Employee’s short-term disability under The Hartford Income Protection Plan, excluding
any compensation deferred under a deferred compensation plan, and determined before any election by the Member
pursuant to Section 4.1(A) or (C) or 4.2(A) or (C) hereof and before any election by the Member under Code Sections 125
and 132(f)(4), excluding any overtime, bonus, foreign service allowance or any other form of compensation, except to the
extent otherwise deemed “Salary” for purposes of the Plan under such nondiscriminatory rules as may be adopted by the
Pension Administration Committee with respect to all Members or any particular Participating Company or Participating
Division. Salary shall not include severance pay or accrued vacation pay that is paid upon termination of employment. Sales
incentive payments and lump sum merit increases shall be included in Salary for purposes of the Plan to the extent they are
designated as being so included by the Plan Administrator. Effective from January 1, 2005, Salary shall include
rehabilitation pay from the Company paid to a recipient of long term disability benefits.
In addition to other applicable limitations set forth in the Plan, and notwithstanding any other provision of the Plan to the
contrary, the annual salary of each Member taken into account under the Plan shall not exceed the OBRA ‘93 annual
compensation limit, such compensation to be measured for each individual from the beginning of each calendar year,
regardless of whether such individual has become a Member pursuant to Article Three or elects to contribute Savings under
Article Four. The OBRA ‘93 annual compensation limit is $200,000 beginning January 1, 2003, as adjusted by the Secretary
of the Treasury to reflect cost-of-living adjustments in accordance with Code Section 401(a)(17)(B) ($245,000 effective as
of January 1, 2009). The cost-of-living adjustment in effect for a calendar year applies to any period, not exceeding
12 months, over which salary is determined beginning in such calendar year. Any reference in this Plan to the limitation
under Code Section 401(a)(17) shall mean the OBRA ‘93 annual compensation limit set forth in this provision.
“Savings” means Before-Tax Savings, Roth 401(k) Savings, After-Tax Savings and Before-Tax Catch-Up and Roth 401(k)
Catch-Up Savings permitted under Article Four.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009