The Hartford 2008 Annual Report Download - page 790

(C) Distribution to Beneficiary in the Event of Death. Upon the death of a Member or Deferred Member, the value
of such person’s Vested Share shall be distributed in a lump sum to his or her Beneficiary. However, if the value of the
Vested Share is $5,000 or more (effective January 1, 2006, is greater than $1,000): ( i ) if the Beneficiary is a spouse,
such spouse may elect to defer receipt of the Vested Share until the year in which the Member or Deferred Member
would have reached age 70 1/2, or (ii) if the Beneficiary is a Non-Spouse Beneficiary, such Beneficiary may elect to
defer receipt of the Vested Share for up to five years from the date of death of the Member or Deferred Member or may
elect to receive a periodic distribution under Section 11.7(B), subject to such minimum distribution rules as may be
required by law or determined appropriate by the Plan Administrator. If the value of the Vested Share to be distributed
is $5,000 or more (effective January 1, 2006, is greater than $1,000) and the Beneficiary does not file application for
distribution of such Vested Share nor elect to defer receipt of such Vested Share, (i) if the Beneficiary is a spouse, then
such Beneficiary shall be deemed to have elected to defer receipt of such Vested Share until the Member or Deferred
Member would have reached age 70 1/2, or (ii) if the Beneficiary is a Non-Spouse Beneficiary, then such Beneficiary
shall be deemed to have elected to defer receipt of such Vested Share until the end of the calendar year following the
calendar year in which the death of the Member or Deferred Member occurred. However, any Beneficiary described in
the preceding sentence may file application for distribution of all or part of such Vested Share at any time prior to the
date when such distribution is required to be made, subject to a minimum distribution amount of $500 for partial
distributions to spouses, and subject to such minimum distribution rules as may be required by law or determined
appropriate by the Plan Administrator for partial distributions to Non-Spouse Beneficiaries.
(D) ESOP Distributions. Notwithstanding the provisions of (A), (B), or (C), above, and Section 11.5, effective
November 29, 2001, a Member or Deferred Member may elect to commence distribution of the value of his or her
Vested Share invested in The Hartford Stock Fund not later than one year after the end of the Plan Year—
(i) in which the Member separates from service by reason of (a) Retirement in the case of a Member with an
original hire date with the Company before January 1, 2002, (b) separation of service on or after reaching age 65
in the case of a Member with an original hire date with the Company on or after January 1, 2002, (c) Disability, or
(d) death; or
(ii) which is the fifth Plan Year following the Plan Year in which the Member otherwise separates from service,
unless the Member is reemployed by the Company or any subsidiary, affiliate or predecessor of the Company
before such year.
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009