The Hartford 2012 Annual Report Download - page 324

7.12 Amendments to the Plan. The Board of Directors of Hartford Fire reserves the right to modify or amend the Plan at any time,
provided that the Company’s Executive Vice President, Human Resources shall be entitled at any time to make modifications or
amendments to the Plan that do not involve a material cost to the Company. Notwithstanding the foregoing, no modification or
amendment shall be made to Section 6.5 hereof, and no modification or amendment shall adversely affect the right of any Participant to
receive the benefits accrued as of the date of such modification or amendment. Notwithstanding anything in this Plan to the contrary, the
Plan shall not be amended or modified during the period in which a Change of Control is threatened. For purposes of the preceding
sentence, a Change of Control shall be deemed to be threatened for the same period that any Change of Control is deemed to be
threatened for purposes of the Incentive Stock Plan. Further, notwithstanding anything in this Plan to the contrary, no amendment or
modification following a Change of Control shall adversely impair or reduce the rights of any person with respect to benefits previously
accrued hereunder without the consent of such person. Notwithstanding the above restrictions, the Company’s Executive Vice
President, Human Resources may amend the Plan at any time in such manner as such officer deems necessary or advisable, in his or her
reasonable judgment, to comply with a change in law or to avoid any payments hereunder being subject to an additional tax under Section
409A of the Code.
7.13 Suspension or Termination of Plan. The Plan is entirely voluntary on the part of Hartford Fire. The Board of Directors of
Hartford Fire reserves the right at any time to suspend, reduce or partially or completely discontinue Company contributions hereunder,
or, to the extent consistent with Section 409A of the Code and the regulations and guidance promulgated thereunder, terminate the Plan,
provided, however, that no suspension, reduction, discontinuance or termination shall be effective retroactively or shall adversely affect
the right of any Participant to receive the benefits accrued as of the date thereof. As of the effective date of any suspension, reduction,
discontinuance or termination of the Plan, no further Company contributions shall be made on behalf of any Participant, or in the case of
a reduction, reduced contributions shall be made to the extent determined appropriate by the Company’s Executive Vice President,
Human Resources. Each Participant's Account shall continue to be credited with investment experience pursuant to Section 5.5 until all
amounts in such Account are distributed in accordance with the terms of the Plan. Notwithstanding anything in this Plan to the contrary,
contributions under the Plan shall not be suspended, reduced or partially or completely discontinued and the Plan shall not be suspended,
reduced, discontinued or terminated during the period in which a Change of Control is threatened. For purposes of the preceding
sentence, a Change of Control shall be deemed to be threatened for the same period that any Change of Control is deemed to be
threatened for purposes of the Incentive Stock Plan. Further, notwithstanding anything in this Plan to the contrary, no suspension,
reduction, partial or full discontinuance of contributions, or other suspension, reduction, discontinuation or termination following a
Change of Control shall adversely impair or reduce the rights of any person with respect to benefits previously accrued hereunder
without the consent of such person.
7.14 Severability of Provisions. If any provision of the Plan shall be held invalid or unenforceable, such invalidity or unenforceability
shall not affect any other provisions hereof, and the Plan shall be construed and enforced as if such invalid or unenforceable provisions
had not been included herein.