The Hartford 2012 Annual Report Download - page 297

promulgated under Section 409A of the Code, (i) all retired Participants then receiving or then entitled to receive a retirement
allowance under the Plan, (ii) all former Participants then receiving or then entitled to receive a vested benefit hereunder, and
(iii) all Participants who are then still in active service shall automatically receive, in a single lump sum payment, the benefit
remaining due as of the Change of Control to any such retired or former Participant or the benefit, if any, accrued by such active
Participant up to the Change of Control and as determined under Section 2.02 hereof. The amount of such lump sum payment
shall be equal to the sum of (i) the Participant’s Cash Balance Account, if any, plus (ii) the present value of the Participant’s
Final Average Pay benefit, if any, where such present value is calculated on an actuarial basis determined by the Committee,
using the interest rate assumption for immediate annuities or, where applicable, deferred annuities used by the PBGC for valuing
benefits for single employer plans as published by the PBGC for the month in which such Change of Control occurs. The lump
sum payment shall be made within 90 days following the first of the month after the Change of Control. In the event the
Participant dies after such Change of Control but before receiving such payment, the lump sum payment shall be made to his or
her Beneficiary. The calculation of a lump sum payment hereunder shall be made on the basis of the Participant's age at the
Change of Control and without regard to the possibility of any future changes after the Change of Control in the amount of
benefits payable hereunder because of future changes in the limitations referred to in Section 2.02 hereof. The lump sum
payment represents a complete settlement of all benefits on the Participant's behalf under the Plan. To the extent that benefits
are not payable because a Change of Control does not constitute a “change in control” as