The Hartford 2008 Annual Report Download - page 793

(C) Later Distribution of Lump Sum Payment. A person who previously requested or is otherwise receiving a
distribution of periodic payments under this Section may, at any time thereafter, request a lump sum distribution of the
value of any unpaid installments. In addition, once the value of a Member’s or Deferred Member’s vested Accounts
falls below $1,000, the balance of the vested Accounts will be distributed to the Member or Deferred Member in a
single lump sum payment in lieu of any further installments.
(D) Minimum Required Distributions. Effective January 1, 2003, notwithstanding anything in the Plan to the
contrary, all distributions from the Plan shall be made in accordance with Code Section 401(a)(9) and Final Treasury
Regulations issued thereunder.
11.7 Distribution in the Event of Death.
(A) Death of Member or Deferred Member after Requesting Non-Periodic Distribution. If a Member or Deferred
Member requests a non-periodic distribution and dies after the applicable Valuation Date or the issuance of any check
or shares of The Hartford Stock for any part of such distribution, but before negotiating any check comprising all or a
portion such distribution, the cash portion of the distribution shall be paid to his or her estate. If such a person dies
before the Valuation Date or issuance of a check or shares of The Hartford Stock, then the distribution shall be paid to
his or her Beneficiary. For purposes of this paragraph, a check or share of stock will be considered issued on the earlier
of (i) the date of issuance shown on the check or stock certificate, or (ii) the Valuation Date.
(B) Death of Member or Deferred Member after Requesting Periodic Distribution. If a Member or Deferred
Member requests a periodic distribution permitted by Section 11.6, but dies before all of the installments comprising
such distribution are paid, then if the Beneficiary of such Member or Deferred Member is not a spouse, and if an
installment is paid with a Valuation Date that occurred before his or her death and before the negotiation of the check
comprising all or a portion of such installment, then such cash portion of the installment shall be paid to his or her
estate, and the remaining value of the Accounts in question shall be paid to his or her Beneficiary in a single lump sum
payment, unless such Beneficiary elects to have payments made over a period not to exceed the Beneficiary’s life
expectancy. In the latter case, the first of such payments shall commence no later than the end of the year following the
year of the Member’s death, and the remaining payments shall be made annually thereafter. The amount of each
payment shall be determined by multiplying the value of the Accounts as of the applicable Valuation Date by a
fraction, the numerator of which shall be one, and the denominator of which shall be the number of years remaining in
the period. If the sole Beneficiary of the Member or Deferred Member is a spouse, then such spouse Beneficiary may
elect to have payments made over a period not to exceed the spouse’s life expectancy recalculated annually. In such
case, the first of such payments shall commence no later than the end of the year following the year of the Member’s
death, or if the Member had not yet attained age 70 1/2, the year in which the Member would have attained age 701/2, if
later. Alternatively, the spouse may request a lump sum distribution of the value of the Accounts as permitted by the
Plan (and no deferral of receipt of such value will be permitted).
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Source: HARTFORD FINANCIAL S, 10-K, February 12, 2009