The Hartford 2008 Annual Report Download - page 754

Download and view the complete annual report

Please find page 754 of the 2008 The Hartford annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 815

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242
  • 243
  • 244
  • 245
  • 246
  • 247
  • 248
  • 249
  • 250
  • 251
  • 252
  • 253
  • 254
  • 255
  • 256
  • 257
  • 258
  • 259
  • 260
  • 261
  • 262
  • 263
  • 264
  • 265
  • 266
  • 267
  • 268
  • 269
  • 270
  • 271
  • 272
  • 273
  • 274
  • 275
  • 276
  • 277
  • 278
  • 279
  • 280
  • 281
  • 282
  • 283
  • 284
  • 285
  • 286
  • 287
  • 288
  • 289
  • 290
  • 291
  • 292
  • 293
  • 294
  • 295
  • 296
  • 297
  • 298
  • 299
  • 300
  • 301
  • 302
  • 303
  • 304
  • 305
  • 306
  • 307
  • 308
  • 309
  • 310
  • 311
  • 312
  • 313
  • 314
  • 315
  • 316
  • 317
  • 318
  • 319
  • 320
  • 321
  • 322
  • 323
  • 324
  • 325
  • 326
  • 327
  • 328
  • 329
  • 330
  • 331
  • 332
  • 333
  • 334
  • 335
  • 336
  • 337
  • 338
  • 339
  • 340
  • 341
  • 342
  • 343
  • 344
  • 345
  • 346
  • 347
  • 348
  • 349
  • 350
  • 351
  • 352
  • 353
  • 354
  • 355
  • 356
  • 357
  • 358
  • 359
  • 360
  • 361
  • 362
  • 363
  • 364
  • 365
  • 366
  • 367
  • 368
  • 369
  • 370
  • 371
  • 372
  • 373
  • 374
  • 375
  • 376
  • 377
  • 378
  • 379
  • 380
  • 381
  • 382
  • 383
  • 384
  • 385
  • 386
  • 387
  • 388
  • 389
  • 390
  • 391
  • 392
  • 393
  • 394
  • 395
  • 396
  • 397
  • 398
  • 399
  • 400
  • 401
  • 402
  • 403
  • 404
  • 405
  • 406
  • 407
  • 408
  • 409
  • 410
  • 411
  • 412
  • 413
  • 414
  • 415
  • 416
  • 417
  • 418
  • 419
  • 420
  • 421
  • 422
  • 423
  • 424
  • 425
  • 426
  • 427
  • 428
  • 429
  • 430
  • 431
  • 432
  • 433
  • 434
  • 435
  • 436
  • 437
  • 438
  • 439
  • 440
  • 441
  • 442
  • 443
  • 444
  • 445
  • 446
  • 447
  • 448
  • 449
  • 450
  • 451
  • 452
  • 453
  • 454
  • 455
  • 456
  • 457
  • 458
  • 459
  • 460
  • 461
  • 462
  • 463
  • 464
  • 465
  • 466
  • 467
  • 468
  • 469
  • 470
  • 471
  • 472
  • 473
  • 474
  • 475
  • 476
  • 477
  • 478
  • 479
  • 480
  • 481
  • 482
  • 483
  • 484
  • 485
  • 486
  • 487
  • 488
  • 489
  • 490
  • 491
  • 492
  • 493
  • 494
  • 495
  • 496
  • 497
  • 498
  • 499
  • 500
  • 501
  • 502
  • 503
  • 504
  • 505
  • 506
  • 507
  • 508
  • 509
  • 510
  • 511
  • 512
  • 513
  • 514
  • 515
  • 516
  • 517
  • 518
  • 519
  • 520
  • 521
  • 522
  • 523
  • 524
  • 525
  • 526
  • 527
  • 528
  • 529
  • 530
  • 531
  • 532
  • 533
  • 534
  • 535
  • 536
  • 537
  • 538
  • 539
  • 540
  • 541
  • 542
  • 543
  • 544
  • 545
  • 546
  • 547
  • 548
  • 549
  • 550
  • 551
  • 552
  • 553
  • 554
  • 555
  • 556
  • 557
  • 558
  • 559
  • 560
  • 561
  • 562
  • 563
  • 564
  • 565
  • 566
  • 567
  • 568
  • 569
  • 570
  • 571
  • 572
  • 573
  • 574
  • 575
  • 576
  • 577
  • 578
  • 579
  • 580
  • 581
  • 582
  • 583
  • 584
  • 585
  • 586
  • 587
  • 588
  • 589
  • 590
  • 591
  • 592
  • 593
  • 594
  • 595
  • 596
  • 597
  • 598
  • 599
  • 600
  • 601
  • 602
  • 603
  • 604
  • 605
  • 606
  • 607
  • 608
  • 609
  • 610
  • 611
  • 612
  • 613
  • 614
  • 615
  • 616
  • 617
  • 618
  • 619
  • 620
  • 621
  • 622
  • 623
  • 624
  • 625
  • 626
  • 627
  • 628
  • 629
  • 630
  • 631
  • 632
  • 633
  • 634
  • 635
  • 636
  • 637
  • 638
  • 639
  • 640
  • 641
  • 642
  • 643
  • 644
  • 645
  • 646
  • 647
  • 648
  • 649
  • 650
  • 651
  • 652
  • 653
  • 654
  • 655
  • 656
  • 657
  • 658
  • 659
  • 660
  • 661
  • 662
  • 663
  • 664
  • 665
  • 666
  • 667
  • 668
  • 669
  • 670
  • 671
  • 672
  • 673
  • 674
  • 675
  • 676
  • 677
  • 678
  • 679
  • 680
  • 681
  • 682
  • 683
  • 684
  • 685
  • 686
  • 687
  • 688
  • 689
  • 690
  • 691
  • 692
  • 693
  • 694
  • 695
  • 696
  • 697
  • 698
  • 699
  • 700
  • 701
  • 702
  • 703
  • 704
  • 705
  • 706
  • 707
  • 708
  • 709
  • 710
  • 711
  • 712
  • 713
  • 714
  • 715
  • 716
  • 717
  • 718
  • 719
  • 720
  • 721
  • 722
  • 723
  • 724
  • 725
  • 726
  • 727
  • 728
  • 729
  • 730
  • 731
  • 732
  • 733
  • 734
  • 735
  • 736
  • 737
  • 738
  • 739
  • 740
  • 741
  • 742
  • 743
  • 744
  • 745
  • 746
  • 747
  • 748
  • 749
  • 750
  • 751
  • 752
  • 753
  • 754
  • 755
  • 756
  • 757
  • 758
  • 759
  • 760
  • 761
  • 762
  • 763
  • 764
  • 765
  • 766
  • 767
  • 768
  • 769
  • 770
  • 771
  • 772
  • 773
  • 774
  • 775
  • 776
  • 777
  • 778
  • 779
  • 780
  • 781
  • 782
  • 783
  • 784
  • 785
  • 786
  • 787
  • 788
  • 789
  • 790
  • 791
  • 792
  • 793
  • 794
  • 795
  • 796
  • 797
  • 798
  • 799
  • 800
  • 801
  • 802
  • 803
  • 804
  • 805
  • 806
  • 807
  • 808
  • 809
  • 810
  • 811
  • 812
  • 813
  • 814
  • 815

“Service” means the period of elapsed time beginning on the date a person becomes an Eligible Employee of the Company
or any subsidiary, affiliate or predecessor of the Company, and ending on his or her most recent severance date, which shall
be the earlier of (A) the date he or she quits, is discharged, retires or dies or (B) the first anniversary of the date on which he
or she is first absent from service, with or without pay, for any reason such as vacation, sickness, disability, layoff or leave
of absence. If Service is interrupted for maternity or paternity reasons, meaning an interruption of Service by reason of
(i) the pregnancy of the Eligible Employee, (ii) the birth of a child of the Eligible Employee or (iii) the placement of a child
with the Eligible Employee by reason of adoption, or for purposes of caring for a newborn child of the Eligible Employee
immediately following the birth or adoption of the newborn, then the date of severance from Service shall be the earlier of
(a) the date he or she quits, is discharged, retires or dies, or (b) the second anniversary of the date on which he or she is first
absent from service. If an Eligible Employee terminates and is later reemployed within 12 months of (I) his or her date of
termination or (II), with respect to an individual who does not complete an Hour Worked as an Eligible Employee on or
after January 1, 2006, the first day of an absence from service immediately preceding his or her date of termination, if
earlier, the period between his or her severance date and his or her date of reemployment shall be included in his or her
Service. With respect to Service for purposes of the vesting schedule in Section 5.3, if an Eligible Employee terminates and
is later reemployed after 12 or more months have elapsed since his or her severance date, the period of service prior to his or
her severance date shall be included in his or her Service.
Under the circumstances hereinafter stated and upon such conditions as the Pension Administration Committee shall
determine on a basis uniformly applicable to all Employees similarly situated, the period of Service of an Eligible Employee
shall be deemed not to be interrupted by an absence of the type hereinafter stated and the period of such absence shall be
included in determining the length of an Eligible Employee’s Service if a leave of absence has been authorized by the
Company or any affiliate of the Company (for the period of such authorized leave of absence only), or if an Eligible
Employee enters service in the armed forces of the United States and his or her right to reemployment is protected by the
Selective Service Act or any similar law then in effect, and the Eligible Employee returns to regular employment within the
period during which the right to reemployment is protected by any such law.
As provided in Section 3.5, periods of employment with Pre-Distribution ITT prior to the Distribution Date shall be treated
as periods of employment with The Hartford and Hartford Fire.
Periods of employment by an Eligible Employee with The Prudential Insurance Company of America (the “Prudential”) in
its AARP Operations Division prior to June 1, 1997 shall be treated as periods of employment with the Company so long as
such Eligible Employee becomes employed by the Company during June, 1997 in accordance with and under the terms of
the AARP GHIP Management Agreement dated February 26, 1997 immediately following employment with the Prudential.
Periods of employment by any Employee with United HealthCare Insurance Company during the period June 1, 1997
through December 31, 1997 shall be treated as periods of employment with the Company so long as such Eligible Employee
becomes employed by the Company during 1997 in accordance with and under the terms of the AARP GHIP Management
Agreement dated February 26, 1997 immediately following employment with United HealthCare Insurance Company, if
such employment with United HealthCare Insurance Company immediately followed employment with the Prudential in its
AARP Operations Division.
- 13 -
Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009