The Hartford 2012 Annual Report Download - page 321

Qualified Plan fund principally invested in The Hartford stock shall be valued based on the Formula Price for stock of The Hartford. In
the event of the death of a Participant before receiving payment required by this Section 6.5, such payment shall immediately be made
to the Participant’s Beneficiary.
ARTICLE VII
MISCELLANEOUS
7.1 Unfunded and Unsecured Plan. The Plan shall be unfunded and unsecured for tax purposes and for purposes of ERISA. The
Company shall have no obligation to fund its liabilities, if any, under the Plan. Nothing in the Plan and no action taken by the Company or
its agents hereunder shall be construed to create a trust of any kind, or a fiduciary relationship between the Company and any other
person or entity. All funds or other assets received or held by the Company pursuant to or in connection with the Plan may be used by
the Company for any corporate purpose, and the Company shall not be obligated to segregate such amounts from its general assets. No
Participant or any other person or entity shall have any claim against the Company or its assets other than as an unsecured and
unsubordinated general creditor of the Company. Without limiting the generality of the foregoing, a Participant's claim hereunder shall at
any time be solely for the amount then credited to the Participant's Accounts. Notwithstanding the foregoing, the Company may
establish a grantor trust or purchase securities or take any other action deemed appropriate to assist the Company in meeting its
obligations under the Plan, provided, however, that in no event shall any person or entity have any right to or interest in such trust or
property by reason of the Plan.
7.2 Absence of Representations. The Plan shall not be construed to provide any representation or guarantee by the Company that any
particular income or other tax consequence will result from a Participant's participation in the Plan. Each Participant shall be deemed to
have consulted with his or her professional tax advisor to determine the tax consequences of participation hereunder. The Plan shall not
be construed to provide any representation or guarantee by the Company that any particular amount of a Participant's Accounts allocated
to any of the Hypothetical Investment Funds hereunder will result in any particular investment experience related thereto, and the
Company shall in no event be required to pay any amount to any person or entity on account of any loss suffered by reason of the
operation of the Plan.
7.3 Tax Withholding. The Plan Administrator shall have the right to make such provisions as deemed appropriate in its sole discretion
to satisfy any obligation of the Company to withhold federal, state or local income or other taxes incurred by reason of the operation of
the Plan or benefits provided under the Plan, including but not limited to at any time (i) requiring a Participant to submit payment to the
Company for such taxes before paying benefits under the Plan or making settlement of any amount due under the Plan, (ii) withholding
such taxes from wages or other amounts due to a Participant before paying benefits under the Plan or making settlement of any amount
due under the Plan, (iii) making settlement of any amount due under the Plan part in shares of common stock of The Hartford and part
in cash to facilitate satisfaction of such withholding obligations, or (iv) receiving shares of common stock of the Hartford already owned
by a Participant or withholding such shares otherwise due to a Participant in an amount determined necessary to satisfy such withholding
obligations.