The Hartford 2008 Annual Report Download - page 781

(I) Limitation on Contributions and Transfers to The Hartford Stock Fund. Effective September 1, 2006, no more
than 10% of a Member or Deferred Member’s own Savings (including any related loan repayments), no more than 10%
of Company Contributions made on behalf of a Member or Deferred Member (including any related loan repayments)
and no more than 10% of any Rollover (including any related loan repayments), may be invested in The Hartford Stock
Fund. Should a Member or Deferred Member as of September 1, 2006 have more than 10% of any of such Member or
Deferred Member’s own Savings, Company Contributions and Rollovers (including in each case any related loan
repayments) directed to be invested in The Hartford Stock Fund, any amount so directed above the 10% limit shall
instead be invested in the applicable Default Vanguard Target Retirement Fund set forth in Section 8.3(H).
In addition, effective September 1, 2006, (i) if more than 10% of a Member or Deferred Member’s total Accounts
(excluding any loan balance) is invested in The Hartford Stock Fund, the Member shall not be able to transfer any
additional amounts to such Fund, and (ii) no more than 10% of any amount transferred between Investment Funds can
be transferred to The Hartford Stock Fund.
8.4 Trustee Purchase of The Hartford Stock. The trustee shall purchase The Hartford Stock from any source. Such Stock
purchased from The Hartford shall be purchased at fair market value. Such Stock purchased from The Hartford may be
treasury shares or newly issued shares or authorized but unissued shares; provided however, that in no event shall a
commission be charged with respect to such a purchase.
8.5 Member Voting of The Hartford Stock . Each Member, Deferred Member and Beneficiary is for the purposes of this
Section hereby designated a named fiduciary within the meaning of Section 402(a)(2) of ERISA with respect to any shares
of The Hartford Stock allocated to their respective Accounts, and may direct the Trustee as to the manner in which such
Stock is to be voted. Before each annual or special meeting of shareholders of The Hartford, there shall be sent to each such
person a copy of the proxy solicitation material for such meeting, together with a form requesting instructions to the Trustee
on how to vote such Stock. Upon receipt of such instructions, the Trustee shall vote such Stock as instructed. In lieu of
voting fractional shares of such Stock as so instructed, the Trustee may vote the combined fractional shares of such Stock to
the extent possible to reflect the directions of the Members, Deferred Members and Beneficiaries with allocated fractional
shares of each class of such Stock. The Trustee shall vote shares of such Stock allocated to Accounts under the Plan, for
which no valid voting instructions were received, in the same manner and in the same proportion that the shares of The
Hartford Stock with respect to which the Trustee received valid voting instructions are voted. Instructions to the Trustee
shall be in such form and pursuant to such regulations as the Plan Administrator may prescribe. Any instructions received by
the Trustee regarding the voting of The Hartford Stock shall be confidential and shall not be divulged by the Trustee to the
Company, or to any director, officer, employee or agent of the Company, it being the intent of this Section to ensure that the
Company (and its directors, officers, employees and agents) cannot determine the voting instructions given by any person.
8.6 Procedures in the Event of a Tender Offer for The Hartford . The provisions of this Section shall apply in the event
any person, either alone or in conjunction with others, makes a tender offer, makes an exchange offer, or otherwise offers to
purchase or solicits an offer to sell to such person one percent or more of the outstanding shares of a class of The Hartford
Stock held by a Trustee hereunder (herein jointly and severally referred to as a Tender Offer). As to any Tender Offer, each
Member and Deferred Member (or Beneficiary in the event of the death of the Member or Deferred Member) shall have the
right to determine confidentially whether shares held subject to the Plan will be tendered.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009