Document:

HIG 12.31.12-10-K Ex 10.19

EXHIBIT 10.19

THE HARTFORD

EXCESS PENSION PLAN II

(Including Amendments Effective Through January 1, 2013)

THE HARTFORD EXCESS PENSION PLAN II
The Hartford Excess Benefit Plan II (the "Plan") was effective as of January 1, 1988.  The purpose of the Plan was to provide those employees participating in the Hartford Fire Insurance Company Retirement Plan for U.S. Employees (now The Hartford Retirement Plan for U.S. Employees) (the “Retirement Plan”) benefits which would have been payable under the Retirement Plan but for the limitations imposed on qualified plans by Section 415 of the Internal Revenue Code.  Effective as of January 1, 1988, the Hartford Select Management Plan II was authorized by the Board of Directors of Hartford Fire Insurance Company to pay supplemental benefits to certain select management or highly compensated employees who have qualified for benefits under the Retirement Plan.
As of December 19, 1995 the Hartford Select Management Plan II was merged into the Hartford Excess Benefit Plan II and the surviving Plan was amended to accept the liabilities under ITT Hartford Excess Pension Plan I attributable to all participants thereunder other than former or then-current Presidents, Chairman, Chief Executive Officers, Chief Operating Officers or Executive Vice Presidents of Hartford Fire Insurance Company and renamed the ITT Hartford Excess Pension Plan II.
As of May 22, 1997, Hartford Life was authorized to participate in the Plan with respect to its employees.  This Plan was amended and restated as of December 19, 1995, including amendments through May 22, 1997 and, effective as of May 2, 1997, was renamed the Hartford Excess Pension Plan II.
Effective January 1, 2009, the Plan, including all amendments adopted prior thereto, was further amended and restated in the form of this document, in order to comply with final regulations issued under Section 409A of the Internal Revenue Code.  This Plan is intended to comply with Section 

-i-

409A of the Code, and no action taken by the Corporation shall be construed in a manner that would result in the imposition of an additional tax on Participants under Section 409A of the Code.  
All benefits payable under this Plan, which is intended to constitute both an unfunded excess benefit plan under Section 3(36) of Title I of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), and a nonqualified, unfunded deferred compensation plan for a select group of management employees under Title I of ERISA, shall be paid out of the general assets of the Corporation.  The Corporation may establish and fund a trust in order to aid it in providing benefits due under the Plan. 
The Retirement Plan was amended, effective January 1, 2009, to provide all Participants accruing service on or after that date with Hartford Credits and Interest Credits under a Cash Balance formula.  Whereas, as of December 31, 2012, Hartford Credits will cease under the Cash Balance formula of the Retirement Plan, such that only Interest Credits shall continue to be credited thereafter under that formula, effective as of December 31, 2012, Hartford Credits under this Plan shall likewise cease and only Interest Credits shall thereafter be credited.

-ii-

THE HARTFORD

EXCESS PENSION PLAN II

ARTICLE    Page
ARTICLE I DEFINITIONS    2
ARTICLE II PARTICIPATION; AMOUNT AND PAYMENT OF BENEFITS    8

2.01 Participation    8
2.02 Amount of Benefits    9
2.03 Vesting    11
2.04 Payment of Benefits    11
2.05 Payment Upon the Occurrence of a Change of Control    25

ARTICLE III GENERAL PROVISIONS    27

3.01 Funding    27
3.02 Duration of Benefits    27
3.03 Discontinuance and Amendment    28
3.04 Termination of Plan    28
3.05 Plan Not a Contract of Employment    29
3.06 Facility of Payment    29
3.07 Withholding Taxes    30
3.08 Nonalienation    30
3.09 Forfeiture for Cause    30
3.10 Claims Procedure    30
3.11 Construction    32
ARTICLE IV PLAN ADMINISTRATION    35

4.01 Responsibility for Benefit Determination    35
4.02 Duties of Committee    35
4.03 Procedure for Payment of Benefits Under the Plan    35

    

THE HARTFORD
EXCESS PENSION PLAN II
ARTICLE I
DEFINITIONS
The following terms when capitalized herein shall have the meanings assigned below.
		
	1.01
	Act shall mean the Securities Exchange Act of 1934, as amended.

		
	1.02
	Annuity Commencement Date shall mean a Participant's annuity starting date with respect to benefits payable to him or her on his or her behalf under this Plan.

		
	1.03
	Associated Company shall mean any division, subsidiary or affiliated company of the Corporation not participating in the Plan which is an Associated Company, as defined in the Retirement Plan. 

		
	1.04
	Beneficial Owner shall mean any Person who, directly or indirectly, has the right to vote or dispose of or has “beneficial ownership” (within the meaning of Rule 13d-3 under the Act) of any securities of a company, including any such right pursuant to any agreement, arrangement or understanding (whether or not in writing), provided that: (a) a Person shall not be deemed the Beneficial Owner of any security as a result of an agreement, arrangement or understanding to vote such security (i) arising solely from a revocable proxy or consent given in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the Act and the applicable rules and regulations thereunder, or (ii) made in connection with, or to otherwise participate in, a proxy or consent solicitation made, or to be made, pursuant to, and in accordance with, the applicable provisions of the Act and the applicable rules and regulations thereunder, in either case described in clause (i) or (ii) 

    

above, whether or not such agreement, arrangement or understanding is also then reportable by such Person on Schedule 13D under the Act (or any comparable or successor report); and (b) a Person engaged in business as an underwriter of securities shall not be deemed to be the Beneficial Owner of any security acquired through such Person’s participation in good faith in a firm commitment underwriting until the expiration of forty days after the date of such acquisition.

		
	1.05
	Beneficiary shall mean the spouse to whom the Member is married on his or her Annuity Commencement Date or his or her date of death, if earlier. 

		
	1.06
	Board of Directors shall mean the Board of Directors of the Corporation.

		
	1.07
	Change of Control shall mean:  

		
	(i)
	a report on Schedule 13D shall be filed with the Securities and Exchange Commission pursuant to Section 13(d) of the Act disclosing that any Person, other than the Corporation or a subsidiary of the Corporation or any employee benefit plan sponsored by the Corporation or a subsidiary of the Corporation is the Beneficial Owner of forty percent or more of the outstanding stock of the Corporation entitled to vote in the election of directors of the Corporation;

		
	(ii)
	any Person other than the Corporation or a subsidiary of the Corporation or any employee benefit plan sponsored by the Corporation or a subsidiary of the Corporation shall purchase shares pursuant to a tender offer or exchange offer to acquire any stock of the Corporation (or securities convertible into stock) for cash, securities or any other consideration, provided that after consummation of the offer, the Person in question is the Beneficial Owner of fifteen percent or more of the outstanding stock of the Corporation entitled to vote in the election of directors of 

    

the Corporation (calculated as provided in paragraph (d) of Rule 13d-3 under the Act in the case of rights to acquire stock); 
		
	(iii)
	any merger, consolidation, recapitalization or reorganization of the Corporation approved by the stockholders of the Corporation shall be consummated, other than any such transaction immediately following which the persons who were the Beneficial Owners of the outstanding securities of the Corporation entitled to vote in the election of directors of the Corporation immediately prior to such transaction are the Beneficial Owners of at least 55% of the total voting power represented by the securities of the entity surviving such transaction entitled to vote in the election of directors of such entity (or the ultimate parent of such entity) in substantially the same relative proportions as their ownership of the securities of the Corporation entitled to vote in the election of directors of the Corporation immediately prior to such transaction; provided that, such continuity of ownership (and preservation of relative voting power) shall be deemed to be satisfied if the failure to meet such threshold (or to preserve such relative voting power) is due solely to the acquisition of voting securities by an employee benefit plan of the Corporation, such surviving entity or any subsidiary of such surviving entity; 

		
	(iv)
	any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all the assets of the Corporation approved by the stockholders of the Corporation shall be consummated; or  

		
	(v)
	within any 24 month period, the persons who were directors of the Corporation immediately before the beginning of such period (the “Incumbent Directors”) shall cease (for any reason other than death) to constitute at least a majority of the Board or the board of directors of any successor to the Corporation, provided that any 

    

director who was not a director at the beginning of such period shall be deemed to be an Incumbent Director if such director (A) was elected to the Board by, or on the recommendation of or with the approval of, at least two-thirds of the directors who then qualified as Incumbent Directors either actually or by prior operation of this clause (v), and (B) was not designated by a Person who has entered into an agreement with the Corporation to effect a transaction described in clause (iii) or (iv).  
		
	1.08
	Code shall mean the Internal Revenue Code of 1986, as amended from time to time.

		
	1.09
	Committee shall mean the Pension Administration Committee under the Retirement Plan.

		
	1.10
	Company shall mean Hartford Fire or any successor by merger, purchase or otherwise with respect to its employees and any other Employer (as that term is defined in the Retirement Plan) authorized by the Board of Directors to participate in the Plan with respect to its employees.

		
	1.11
	Company Pension Plan shall mean any tax qualified defined benefit plan other than the Retirement Plan maintained by the Corporation, the Company, an Associated Company, New ITT or one of its associated companies, or ITT Industries or one its associated companies. 

		
	1.12
	Corporation (the “Plan sponsor”) shall mean The Hartford Financial Services Group, Inc. or any successor by merger, purchase or otherwise.  The Hartford Financial Services Group, Inc. is the sponsor of the Plan.

		
	1.13
	Deferred Compensation Program shall mean any nonqualified deferred compensation plan maintained by the Corporation, the Company, an Associated Company, New ITT or one of its associated companies, or ITT Industries or one of its associated companies.

    

		
	1.14
	Eligible Employee shall mean a person who is a member of the Retirement Plan not eligible to participate in the Hartford Excess Pension Plan IA or IB and who is determined by the Corporation as eligible to participate in the Plan.  A person who is currently earning benefits under any other qualified pension or similar plan of the Company other than The Hartford Investment and Savings Plan is not an Eligible Employee.  An employee who provided services to PLANCO, LLC or Hartford Life Distributors, LLC (formerly, PLANCO Financial Services, LLC) shall be eligible to participate in this Plan with respect to eligible compensation received after January 1, 2012.

		
	1.15
	ERISA shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time.

		
	1.16
	Excess Benefit Portion shall mean the portion of the Plan which is intended to constitute an unfunded excess benefit plan under Sections 3(36) and 4(b)(5) of Title I of ERISA which provides benefits not otherwise payable under the Retirement Plan due to restrictions imposed by Section 415 of the Code.

		
	1.17
	Hartford Fire shall mean Hartford Fire Insurance Company or a successor by merger, purchase or otherwise with respect to its employees. 

		
	1.18
	ITT Industries shall mean the ITT Industries, Inc., an Indiana corporation, as constituted on and after December 19, 1995.

		
	1.19
	New ITT shall mean ITT Corporation, a Nevada corporation, as constituted on and after December 19, 1995.

    

		
	1.20
	Participant shall mean an Eligible Employee who is participating in the Plan pursuant to Section 2.01 hereof.

		
	1.21
	Person shall have the meaning ascribed to such term in Section 3(a)(9) of the Act, as supplemented by Section 13(d)(3) of the Act; provided, however, that Person shall not include:  (a) the Corporation, any subsidiary of the Corporation or any other Person controlled by the Corporation, (b) any trustee or other fiduciary holding securities under any employee benefit plan of the Corporation or of any subsidiary of the Corporation, or (c) a corporation owned, directly or indirectly, by the stockholders of the Corporation in substantially the same proportions as their ownership of securities of the Corporation.

		
	1.22
	Plan shall mean the Hartford Excess Pension Plan II effective January 1, 2009, as set forth herein or as amended from time to time.

		
	1.23
	Plan Year shall mean the calendar year.

		
	1.24
	Retirement Plan shall mean The Hartford Retirement Plan for U.S. Employees, as amended from time to time.

		
	1.25
	Select Management Portion shall mean the portion of the Plan, other than the Excess Benefit Portion, which is intended to constitute an unfunded deferred compensation plan for a select group of management or highly compensated employees under Title I of ERISA.

    

ARTICLE II
PARTICIPATION; AMOUNT AND PAYMENT OF BENEFITS
2.01    Participation.  
		
	(a)
	An Eligible Employee shall participate in the Excess Benefit Portion of the Plan provided such Eligible Employee's annual retirement allowance or vested benefit at the time of payment under the Retirement Plan exceeds the limitations imposed by Code Section 415(b) or 415(e).

		
	(b)
	An Eligible Employee shall participate in the Select Management Portion of the Plan provided such Eligible Employee's annual retirement allowance or vested benefit at the time of payment under the Retirement Plan is limited by reason of the Code Section 401(a)(17) limitation on Compensation (as that term is defined in the Retirement Plan).

		
	(c)
	(i)    A former Eligible Employee who was a Participant in the Hartford Excess Benefit Plan II receiving benefit payments thereunder as of December 18, 1995 shall continue to be a Participant in the Excess Benefit Portion of this Plan.

		
	(ii)
	A former Eligible Employee who was a Participant in the Hartford Select Management Plan II receiving benefit payments thereunder as of December 18, 1995 shall continue to be a Participant in the Select Management Portion of this Plan. 

		
	(d)
	A Participant's participation in the Plan shall terminate upon the earlier of the Participant's death or other termination of employment with the Company and all Associated Companies unless a benefit is payable under the Plan with respect to the Participant or his or her Beneficiary under the provisions of this Article II.  

		
	2.02
	Amount of Benefits.  A Participant's benefit under this Article II shall be equal to the excess, if any, of (a) over (b) as determined below:

    

		
	(a)
	the monthly retirement allowance or vested benefit which would have been payable under the Retirement Plan (including any severance pay period that may be taken into account under the Retirement Plan for purposes of determining eligibility for Final Average Pay formula early retirement benefits), commencing as of the date that payments hereunder commence, determined

		
	(i)
	prior to the application of any offset required pursuant to an applicable Appendix of the Retirement Plan with respect to benefits payable under any other Company Pension Plan (as defined in Section 1.11);

		
	(ii)
	without regard to the provisions contained in the Retirement Plan relating to the maximum limitation on benefits under Section 415 of the Code;

		
	(iii)
	without regard to the limitation on Compensation resulting from the Annual Dollar Limit applicable under Section 401(a)(17) of the Code;

over
(b)    the sum of the following amounts:
		
	(i)
	the monthly retirement allowance or vested benefit which would have been payable under the Retirement Plan (including any severance pay period that may be taken into account under the Retirement Plan for purposes of determining eligibility for Final Average Pay formula early retirement benefits), commencing as of the date that payments hereunder commence, determined

		
	(1)
	prior to the application of any offset required pursuant to an applicable Appendix of the Retirement Plan with respect to benefits payable under any other Company Pension Plan (as defined in Section 1.11);

    

		
	(2)
	with regard to the provisions contained in the Retirement Plan relating to the maximum limitation on benefits under Section 415 of the Code; and

		
	(3)
	with regard to the limitation on Compensation resulting from the Annual Dollar Limit applicable under Section 401(a)(17) of the Code; and

		
	(ii)
	the amount of the benefit payable to the Participant under the ITT Corporation Excess Pension Plan II (or any successor plan thereto) or the ITT Industries Excess Pension Plan II (or any successor plan thereto) or any other nonqualified defined benefit plan maintained by an Associated Company with respect to any service which is recognized as Benefit Service for purposes of the computation of benefits under the Retirement Plan.

For purposes of this Section 2.02, if any benefit described in (b)(ii) above is payable in a form other than a single life annuity commencing on the Participant's Annuity Commencement Date, such benefit shall be converted to a single life annuity commencing on such date of Actuarial Equivalent value (as defined in the Retirement Plan).

    

2.03    Vesting
		
	(a)
	A Participant shall be vested in, and have a nonforfeitable right to, the benefit payable under this Article II to the same extent as the Participant is vested in his or her Accrued Benefit (as that term is defined in the Retirement Plan) under the provisions of the Retirement Plan.

		
	(b)
	Notwithstanding any provision of this Plan to the contrary, in the event of a Change of Control, all Participants and their Beneficiaries shall become fully vested in the benefits provided under this Plan.

2.04    Payment of Benefits
		
	(a)
	Benefits That Commenced Prior to January 1, 2009

Except as otherwise provided in Section 2.05, in accordance with transition rules promulgated by the Internal Revenue Service under Section 409A of the Code, benefits payable with respect to Plan participants that commenced prior to January 1, 2009 shall continue to be payable in accordance with the Plan provisions in effect at the time that those benefits commenced, under which Plan benefits are payable in accordance with the form, frequency and duration of benefit payments under the Retirement Plan.
		
	(b)
	Benefit Commencement Date on or After January 1, 2009

Except as otherwise provided in Section 2.05, in the event of a Participant's retirement or other termination of employment with the Company on or after January 1, 2009, or in the event of the commencement of vested benefits with respect to a Participant 

    

who terminated employment prior to January 1, 2009 but who had not, as of December 31, 2008, commenced receiving his benefits under the Plan, such Participant shall receive the benefit payable under Section 2.02, to the extent vested pursuant to Section 2.03, in the form and at the time as the Participant elected (1) prior to January 1, 2009, in the case of a Participant who became a Participant prior to 2009, or (2) prior to the January 31 following the year in which a person first became a Participant, in the case of an Eligible Employee who was not a Participant prior to 2008.  There are two formulas under the Plan that correspond to the two formulas under the Retirement Plan – an Excess Pension Plan Final Average Pay formula that provides benefits in excess of what can be provided by the Retirement Plan’s final average pay formula, and an Excess Pension Plan Cash Balance formula that provides benefits in excess of what can be provided by the Retirement Plan’s cash balance formula.  If the form of payment of any Excess Pension Plan Final Average Pay formula benefit is other than a single life annuity over the life of the Participant, or if the form of payment of any Excess Pension Plan Cash Balance formula benefit is other than a lump sum, the benefit shall be adjusted as provided in the Retirement Plan to reflect the different payment form, and, if the commencement of any Excess Pension Plan Final Average Pay formula payments is other than the Participant’s Normal Retirement Date, as defined in the Retirement Plan, the benefit shall also be adjusted as provided in the Retirement Plan to reflect the different Annuity Commencement Date.  
Participants shall make different time and form of payment elections with respect to their Excess Pension Plan Final Average Pay formula benefit (applicable to Eligible Employees who were originally hired before January 1, 2001, and whose 

    

pensionable compensation for one or more years through 2008 exceeded the maximum amount that could be taken into account under the Retirement Plan), and their Excess Pension Plan Cash Balance formula benefit (applicable to Eligible Employees who were originally hired on or after January 1, 2001, and, after January 1, 2009, to Eligible Employees who were previously covered by the Final Average Pay formula and whose pensionable compensation for any year exceeded the Retirement Plan maximum amount).  For purposes of the Excess Pension Plan Cash Balance formula, a Participant’s benefit as of any date is determined by the Participant’s account balance (including Hartford Credits for pensionable compensation that exceeds the Compensation that can be taken into account under the Retirement Plan, and Interest Credits thereon, as the amount of such Hartford Credits and Interest Credits are defined under the Retirement Plan).
If the present value of a Participant’s total vested Excess Pension Plan benefit (Final Average Pay formula and Cash Balance formula benefits combined, plus benefits under any other nonqualified defined benefit plan) is less than the Code Section 402(g) limit ($16,500, as adjusted for inflation after 2009), the Participant’s benefit will automatically be paid to the Participant in a single lump sum, rather than in accordance with any election made by the Participant or any default rule.  For this purpose, the present value of a Participant’s Final Average Pay formula benefit will be determined based on the actuarial assumptions used for purposes of small lump sum cash-outs under the Retirement Plan.  With respect to a Participant whose employment terminated prior to January 1, 2009, any such lump sum payment shall be made within 90 days of June 1, 2009, based on the present value as of June 1, 2009.  With respect to a Participant whose employment terminates on or after January 

    

1, 2009, any such lump sum payment shall be made within 90 days of the Participant’s separation from service, based on the present value as of that time.  If the present value of the Participant’s total vested benefit is greater than the Code Section 402(g) limit, a Participant will receive benefits in the form the Participant selects (or in the default form of payment, in the absence of an election).  
(i)     Final Average Pay Formula – Form of Payment 
The sole form of distribution available under the Excess Pension Plan – Final Average Pay formula is an annuity. A Participant must select the specific form of actuarially-equivalent annuity payment (i.e. Single Life Annuity, 50% Joint & Survivor Annuity, or 25%, 50%, 75% or 100% Contingent Annuity) by the date that Final Average Pay formula payments are to commence.  If a Participant does not make a distribution election by the date that the Final Average Pay formula payments are to commence, the default form of payment under the Excess Pension Plan – Final Average Pay formula is a Single Life Annuity if the Participant is single, or a 50% Joint & Survivor Annuity if the Participant is married. 
Timing of payments - A participant in the Excess Pension Plan Final Average Pay formula can timely elect, as described above, that such Final Average Pay benefits begin either (i) as of the later of separation from service or any time between ages 50 and 65, or (ii) upon separation from service (but not earlier than age 50).  For purposes of the Plan, a Participant separates from service when the Participant either stops working, or when the level of services provided – whether as an employee or as an independent contractor –permanently decreases to no more than 20% of the average level of services 

    

provided during the prior 36 months.  Separation from service shall be determined in accordance with policies or practices that the Company shall adopt in accordance with, or as otherwise determined pursuant to, Section 409A of the Code and the regulations and guidance promulgated thereunder.  In the event that payments begin upon separation from service, the first payment shall be made within the 90 day period starting with the first day of the third month following the date of separation from service, and such first payment shall include payments for any months (following attainment of age 50) that are after the later of separation from service or the end of any notice period.
Default timing rule – A participant in the Excess Pension Plan – Final Average Pay formula who does not make a timely election, as described above, as to when benefits are to begin will automatically begin receiving benefits the later of (1) attainment of age 50 (in which case the first payment shall be made within the 90 day period starting with the first day of the month following attainment of age 50, or (2) upon separation from service (in which case the first payment shall be made within the 90 day period starting with the first day of the third month following the date of separation from service, and such first payment shall include payments for any months after the later of separation from service or the end of any notice period).  Notwithstanding the above, a Participant whose employment terminated prior to January 1, 2009, and who on January 1, 2009 has attained age 50, and who does not make a payment timing election prior to January 1, 2009, and who has not 

    

previously commenced payments, shall begin receiving benefits during the 90 day period starting on June 1, 2009.
Changing the Form or Timing of a Distribution Election – A Participant may change either the form or timing of a prior Final Average Pay benefit distribution election (or default provision), provided, however, that such a change may not delay the benefit commencement date beyond the later of the time the Participant attains age 65 or separates from service. After December 31, 2008, in accordance with final regulations promulgated under Section 409A of the Code, a Participant who wishes to change the timing of a previously-elected (or default) benefit commencement date, is subject to the following restrictions:
		
	•
	the new election cannot take effect until at least 12 months after the date of the new election,

		
	•
	the election change must provide for a new payment date that is at least five years after the originally scheduled payment date, and

		
	•
	the new election may not be made less than 12 months prior to the date of the first scheduled payment.  

(ii)     Cash Balance Formula – Form of Payment 
A Participant in the Excess Pension Plan Cash Balance formula can elect that Cash Balance formula benefits begin upon separation from service, or as of the later of separation from service or any age up until attainment of age 65.  An Eligible Employee who became a Participant in the Excess Pension Plan prior to 2009 can elect by December 31, 2008 whether to 

    

receive any vested Excess Pension Plan Cash Balance formula benefit as an annuity or in a lump sum, and when payment is to begin.  Such Cash Balance formula election is separate from any election with respect to the Excess Pension Plan Final Average Pay formula for a Participant who was hired prior to January 1, 2001 and is covered under both formulas.  An Eligible Employee who first becomes a participant in the Excess Pension Plan in 2008 or later must elect, by January 31 following the calendar year in which the Participant first becomes eligible to participate, when and how (either as a lump sum or as an annuity) the Participant will receive any Excess Pension Plan Cash Balance formula benefit.  If the Participant does not make a timely distribution election, the default form of payment for the Excess Pension Plan Cash Balance formula benefit is a lump sum payment payable upon separation from service (in which case payment shall be made within the 90 day period starting with the first day of the third month following the date of separation from service).  Notwithstanding the preceding sentence, a Participant whose employment terminated prior to January 1, 2009, and who does not make a timely distribution election prior to January 1, 2009, and who has not previously commenced payment, shall receive a lump sum payment of the Participant’s Cash Balance formula account during the 90 day period starting on June 1, 2009.

    

Excess Pension Plan Cash Balance Formula – Form of Distribution – A Participant may elect either an actuarially-equivalent annuity or lump sum distribution option under the Excess Pension Plan Cash Balance formula. If an annuity is elected, the Participant may select the specific form of actuarially-equivalent annuity payment (i.e., Single Life Annuity, 50% Joint & Survivor Annuity, or 50% or 75% Contingent Annuity option) before the date the benefit is scheduled to commence.   
Excess Pension Plan Cash Balance Formula – Timing of Distribution – With respect to any Excess Pension Plan Cash Balance formula benefit, a Participant can elect that benefits be paid following separation from service or as of any later age up to attainment of age 65, as described above.  A Participant may subsequently change either the form or timing of a distribution election. However, a change may not delay the benefit commencement date beyond the later of the time the Participant attains age 65 or following separation from service. After December 31, 2008, if a Participant wishes to change the timing of the benefit commencement date, or to change the Excess Pension Plan Cash Balance formula benefit election from an annuity to a lump sum, or vice versa, the Participant is subject to the following restrictions:
		
	•
	the new election can not take effect until at least 12 months after the date of the new election,

		
	•
	the election change must provide for a new payment date that is at least five years after the originally scheduled payment date, and 

    

		
	•
	the new election may not be made less than 12 months prior to the date of the first scheduled payment.  

(iii)     Impact on specified employees 
If a Participant is a “specified employee” as determined under the practices and policies of the Company as established in accordance with Section 409A of the Code, and payments are scheduled to start upon separation from service, then payments shall commence six months after the date the Participant separates from service.  In the case of such a delay, the payments that would have been made but for the period of the delay shall be paid in a lump sum during the 10 day period following the six month anniversary of the Participant’s separation from service, together with interest thereon determined based on the interest rate credited for purposes of the Retirement Plan’s Cash Balance formula.  Regular monthly annuity payments will then begin, if benefits are being paid in the form of an annuity.
(c)    Final Average Pay Formula -- Death Benefits 
		
	(i)
	Final Average Pay Formula -- Pre-Retirement Survivor’s Benefit

A Participant’s spouse or other properly elected beneficiary is eligible for this coverage if the Participant is vested in the Plan and dies before pension payments begin, and is eligible for a Survivor’s Benefit under the Retirement Plan.  The benefit is payable for the spouse or other beneficiary’s lifetime equal to 50% of the Participant’s adjusted Excess Pension Plan – Final Average Pay formula benefit, where the Participant’s adjusted pension benefit is the retirement or vested benefit that the Participant would have 

    

been entitled to under the Excess Pension Plan – Final Average Pay formula if the Participant had terminated employment on the date of death (if then an active employee), survived until the earliest date on which the Participant could have begun receiving payments, commenced receiving payments on that date in the form of a 50% joint and survivor annuity; and died the next day.  Survivor benefit payments begin on the first day of the month following the Participant’s date of death (if payments begin before the earliest date on which the Participant could have begun to collect a benefit, the survivor’s benefit payments will be further reduced actuarially, in accordance with the actuarial factors under the Retirement Plan, to reflect the earlier commencement date), and will be paid in the form of an annuity for the life of the survivor.  If the total value as of the date of death of the survivor benefit payable (including any benefits payable under the Cash Balance formula portion of the Plan, if applicable) is less than the Code Section 402(g) limit ($16,500, as such amount may be adjusted for inflation after 2009), the pre-retirement survivor benefit will automatically be paid, in the form of a lump sum, within 90 days following the Participant’s death.   For purposes of this Section, a Participant’s beneficiary will be the individual designated by the Participant by proper written request to the Company in accordance with the rules and procedures established by the Committee to receive the Pre-Retirement Survivor’s Benefit under the Final Average Pay formula in the event of the Participant’s death.  A Participant may designate different individuals as beneficiaries for the Excess Pension Plan – Final Average Pay formula and the Excess Pension Plan – Cash Balance formula.  If no 

    

individual is specifically designated as beneficiary for purposes of the Pre-Retirement Survivor’s Benefit under the Excess Pension Plan – Final Average Pay formula, or if the designated beneficiary predeceases the Participant, the Participant’s beneficiary will be the Participant’s surviving spouse, or if there is no surviving spouse, then the first living person as follows:  (a) a sole individual designated as beneficiary under the Excess Pension Plan – Cash Balance formula; (b) a sole individual designated as beneficiary under The Hartford Excess Savings Plan;  (c) a sole individual designated as beneficiary under The Hartford Investment and Savings Plan;  (d) a sole individual designated as beneficiary under the Company's basic group term life insurance plan; (e) a sole individual designated as beneficiary under the Company's optional group term life insurance plan; (f) in the event more than one individual was designated as primary beneficiary under any of the above plans, the oldest of such designated beneficiaries under the first-listed plan in the above order where that designation occurs [should there be multiple beneficiaries named under any of (a)-(e) above, but only one is living, the sole living beneficiary shall be treated as a “sole individual designated as beneficiary” for purposes of any of (a)-(e) above]; (g) the oldest descendant of the Participant; (h) the Participant's father; (i) the Participant's mother; (j) the Participant's oldest brother or sister; (k) the oldest descendant of any deceased brother or sister of the Participant; (l) the Participant's oldest grandparent; (m) the Participant's oldest uncle, aunt or descendants of deceased uncles and aunts; or (n) the oldest descendant of the Participant's last deceased spouse as if the deceased spouse had survived the Participant.

    

A Participant may change the beneficiary designation at any time, subject to the Participant’s spouse’s written notarized consent if the Participant is married, by completing a beneficiary designation form.  A Participant may not name more than one person, nor may a Participant name a trust or estate, as beneficiary for purposes of the Excess Pension Plan – Final Average Pay formula benefit.  Unless a later date is specified, a new beneficiary designation is effective on the first day of the month that falls on or follows the date the completed beneficiary designation form is received by the Company or its designated representative.
		
	(ii)
	Final Average Pay Formula: Dependent Spouse/Dependent Domestic Partner Benefit

The Dependent Spouse/Dependent Domestic Partner Benefit provides monthly income to a surviving dependent spouse or dependent domestic partner. This benefit income is paid regardless of the payment method elected under the Final Average Pay formula.   A dependent spouse or dependent domestic partner of a deceased active employee or retiree entitled to benefits under the Final Average Pay formula will qualify for these benefits if the Participant meets all of the following requirements and is entitled to a Dependent Spouse/Dependent Domestic Partner Benefit under the Retirement Plan:
		
	•
	Was married to the dependent spouse (or was the domestic partner) for at least five years before death occurs;

    

		
	•
	Was married to the dependent spouse (or was the domestic partner) before the Participant reaches age 60; and

		
	•
	Had 20 years of Eligibility Service, as defined in the Retirement Plan, and was age 50, or had 25 years of Eligibility Service regardless of age.

A dependent spouse or dependent domestic partner is one who earns less than one-half of the total earned income of the couple during the three calendar years preceding the earlier of:
		
	•
	The retirement of the spouse or domestic partner;

		
	•
	The retirement of a retiree; or

		
	•
	The death of the employee or retiree.

Benefit payments begin on the first day of the month following the Participant’s death, and are payable as an annuity for the life of the surviving dependent spouse or dependent domestic partner.  In the event of the death of an active employee, the monthly income of the Participant’s dependent spouse or dependent domestic partner (as described above) will equal 50% of the Participant’s Excess Pension Plan – Final Average Pay benefit computed as of the time of death.  In the event of the death of an eligible retired Participant, the monthly payment to the dependent spouse or dependent domestic partner will be equal to 50% of the Participant’s earned Excess Pension Plan – Final Average Pay benefit.  If the dependent spouse or dependent domestic partner is more than five years younger than the Participant, the benefit will be reduced on the same basis as under the Retirement Plan. 

    

		
	(d) 
	Cash Balance Pay Formula -- Death Benefits 

In the event a vested Participant dies prior to commencement of the Participant’s Cash Balance formula benefit, the Participant’s beneficiary will receive the Participant’s full account balance as a lump sum payment within 90 days of the Participant’s death.  Unless the Participant elects otherwise, a Participant’s beneficiary under the Excess Pension Plan - Cash Balance formula is the same as the beneficiary under the Retirement Plan’s Cash Balance formula.  A Participant may designate a different beneficiary for the Excess Pension Plan – Cash Balance formula, and may change that beneficiary election at any time, subject to the Participant’s spouse’s written, notarized consent if the Participant is married.  A Participant may not name more than one person as beneficiary.  However, a Participant may name an estate or trust as beneficiary with respect to the Excess Pension Plan – Cash Balance formula benefit.  Unless a later date is specified, a new designation is effective on the first day of the month that falls on or follows the date a completed beneficiary designation form is received by the Company or its designated representative.
If there is no surviving beneficiary designated for purposes of the Excess Pension Plan – Cash Balance formula (and there is no beneficiary designated under the Retirement Plan’s Cash Balance formula), any Cash Balance formula survivor benefit will automatically be paid to the Participant’s spouse, if any, and otherwise to the Participant’s estate.

2.05    Payment Upon the Occurrence of a Change of Control.  Upon the occurrence of a Change of Control that also constitutes a “change in control” as defined in the regulations 

    

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 

    

defined in the regulations promulgated under Section 409A of the Code, payment shall be made at the time otherwise specified under the Plan without regard to the occurrence of the Change of Control.  

    

ARTICLE III
GENERAL PROVISIONS
3.01    Funding.
		
	(a)
	All amounts payable in accordance with this Plan shall constitute a general unsecured obligation of the Company.  Such amounts, as well as any administrative costs relating to the Plan, shall be paid out of the general assets of the Company, to the extent not paid from the assets of any trust established pursuant to paragraph (b) below.

		
	(b)
	The Company may, for administrative reasons, establish a grantor trust for the benefit of Participants in the Plan.  The assets placed in said trust shall be held separate and apart from other Company funds and shall be used exclusively for the purposes set forth in the Plan and the applicable trust agreement, subject to the following conditions:

		
	(i)
	the creation of said trust shall not cause the Plan to be other than "unfunded" for purposes of Title I of ERISA;

		
	(ii)
	the Company shall be treated as "grantor" of said trust for purposes of Section 677 of the Code; and

		
	(iii)
	the agreement of said trust shall provide that its assets may be used upon the insolvency or bankruptcy of the Company to satisfy claims of the Company's general creditors and that the rights of such general creditors are enforceable by them under federal and state law.

		
	3.02
	Duration of Benefits.  Benefits shall accrue under the Plan on behalf of a Participant only for so long as (a) the provisions of Section 415 or 401(a)(17) of the Code limit the benefits that are payable under the Retirement Plan.

    

		
	3.03
	Discontinuance and Amendment.  The Board of Directors reserves the right to modify, amend, or discontinue in whole or in part, benefit accruals under the Plan at any time.  However, no modification, amendment, or discontinuance shall adversely affect the right of any Participant to receive the benefits accrued as of the date of such modification, amendment or discontinuance and after the occurrence of a Change of Control, no modification or amendment shall be made to Section 2.05.  Notwithstanding the foregoing, following any amendment and except as provided in Article II with respect to lump sum payments hereunder, benefits may be adjusted as required to take into account the amount of benefits payable under the Retirement Plan after the application of the limitations referred to in Section 2.02 hereof.

		
	3.04
	Termination of Plan.  The Board of Directors reserves the right to terminate the Plan at any time, provided, however, that no termination shall be effective retroactively.  As of the effective date of termination of the Plan,

		
	(a)
	the benefits of any Participant or Beneficiary whose benefit payments have commenced shall continue to be paid, but only to the extent such benefits are not otherwise payable under the Retirement Plan because of the limitations referred to in Section 2.02 hereof, and

		
	(b)
	no further benefits shall accrue on behalf of any Participant whose benefits have not commenced, and such Participant and his or her Beneficiary shall retain the right to benefits hereunder; provided that, on or after the effective date of termination,

		
	(i)
	the Participant is vested under the Retirement Plan and

    

		
	(ii)
	such benefits are not at any time otherwise payable under the Retirement Plan because of the limitations imposed by Section 415 or 401(a)(17) of the Code.

Notwithstanding the foregoing, the Plan may not be terminated upon the occurrence of a Change of Control unless and until all Participants have been paid all benefits due under the Plan.  All other provisions of this Plan shall remain in effect.
		
	3.05
	Plan Not a Contract of Employment.  This Plan is not a contract of employment, and the terms of employment of any Participant shall not be affected in any way by this Plan or related instruments, except as specifically provided therein.  The establishment of this Plan shall not be construed as conferring any legal rights upon any person for a continuation of employment, nor shall it interfere with the rights of the Company to discharge any person and to treat him or her without regard to the effect which such treatment might have upon him or her under this Plan.  Each Participant and all persons who may have or claim any right by reason of his or her participation shall be bound by the terms of this Plan and all agreements entered into pursuant thereto.

		
	3.06
	Facility of Payment.  In the event that the Committee shall find that a Participant is unable to care for his or her affairs because of illness or accident or is a minor or has died, the Committee may, unless claim shall have been made therefor by a duly appointed legal representative, direct that any benefit payment due him, to the extent not payable from a grantor trust, be paid on his or her behalf to his or her spouse, a child, a parent or other blood relative, or to a person with whom he or she resides, and any such payment so made shall be a complete discharge of the liabilities of the Company and the Plan therefor.

    

		
	3.07
	Withholding Taxes.  The Company shall have the right to deduct from each payment to be made under the Plan any required withholding taxes, including FICA taxes.

		
	3.08
	Nonalienation.  Subject to any applicable law, and except as may be required under the terms of a qualified domestic relations order regarding which  the Committee or its delegate received notice prior to July 1, 2012, no benefit under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to do so shall be void, nor shall any such benefit be in any manner liable for or subject to garnishment, attachment, execution or levy, or liable for or subject to the debts, contracts, liabilities, engagements or torts of the person entitled to such benefits.  Effective July 1, 2012, no domestic relations order, other than an order which the Committee or its delegate received notice of prior to July 1, 2012, shall be accepted for this Plan.  

		
	3.09
	Forfeiture for Cause.  In the event that a Participant shall at any time be convicted of a crime involving dishonesty or fraud on the part of such Participant in his or her relationship with the Company, all benefits that would otherwise be payable to him or her to his or her spouse or a Beneficiary under the Plan shall be forfeited.

		
	3.10
	Claims Procedure

(a)    Submission of Claims
Claims for benefits under the Plan shall be submitted in writing to the Committee or to an individual designated by the Committee for this purpose.
(b)    Denial of Claim

    

If any claim for benefits is wholly or partially denied, the claimant shall be given written notice within 90 days following the date on which the claim is filed, which notice shall set forth
(i)    the specific reason or reasons for the denial;
(ii)    specific reference to pertinent Plan provisions on which the denial is based;
		
	(iii)
	a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary; and

(iv)    an explanation of the Plan's claim review procedure.
If special circumstances require an extension of time for processing the claim, written notice of an extension shall be furnished to the claimant prior to the end of the initial period of 90 days following the date on which the claim is filed.  Such an extension may not exceed a period of 90 days beyond the end of said initial period.

If the claim has not been granted and written notice of the denial of the claim is not furnished within 90 days following the date on which the claim is filed, the claim shall be deemed denied for the purpose of proceeding to the claim review procedure.
(c)    Claim Review Procedure
The claimant or his or her authorized representative shall have 60 days after receipt of written notification of denial of a claim to request a review of the denial by making written request to the Committee, and may review pertinent documents and submit issues and comments in writing within such 60-day period.

    

Not later than 60 days after receipt of the request for review, the Committee shall render and furnish to the claimant a written decision, which shall include specific reasons for the decision and shall make specific references to pertinent Plan provisions on which it is based.  If special circumstances require an extension of time for processing, the decision shall be rendered as soon as possible, but not later than 120 days after receipt of the request for review, provided that written notice and explanation of the delay are given to the claimant prior to commencement of the extension.  Such decision by the Committee shall not be subject to further review.  If a decision on review is not furnished to a claimant within the specified time period, the claim shall be deemed to have been denied on review.
(d)    Exhaustion of Remedy
No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under the Plan until the claimant has first exhausted the procedures set forth in this Section.

		
	3.11
	Construction

		
	(a)
	The Plan is intended to constitute both an excess benefit arrangement and an unfunded deferred compensation arrangement maintained for a select group of management or highly compensated employees within the meaning of Section 201(2), Section 301(a)(3), and Section 401(a)(1) of ERISA.  Subject to the preceding sentence, the Plan shall be construed, regulated and administered under the laws of the State of Connecticut, to the extent such laws are not superseded by applicable federal law.

    

		
	(b)
	The Plan is intended to satisfy the applicable requirements of Section 409A of the Code and regulations and guidance thereunder, and shall be operated and interpreted consistent with that intent.  If the Committee determines, in good faith, that any provision of this Plan does not satisfy such requirements or could otherwise cause any person to recognize additional taxes, penalties or interest under Section 409A of the Code, the Committee shall modify, to the maximum extent practicable, the original intent of the applicable provision without violation of the requirements of Section 409A of the Code (“Section 409A Compliance”), and, notwithstanding any provision herein to the contrary, the Committee shall have broad authority to amend or to modify the Plan, without advance notice to or consent by any person, to the extent necessary or desirable to ensure Section 409A Compliance.  In no event shall the Company have any liability or obligation with respect to any taxes, penalties or interest for which a Member may become liable as a result of the application of Section 409A of the Code.  Any determinations by the Committee shall be final and binding on all parties. The Plan has been administered in good faith compliance with Section 409A and the guidance issued thereunder from January 1, 2005 through December 31, 2008.

		
	(c)
	The masculine pronoun shall mean the feminine wherever appropriate.

		
	(d)
	The illegality of any particular provision of this document shall not affect the other provisions and the document shall be construed in all respects as if such invalid provision were omitted.

		
	(e)
	The headings and subheadings in the Plan have been inserted for convenience of reference only, and are to be ignored in any construction of the provisions thereof.

    

ARTICLE IV
PLAN ADMINISTRATION
4.01    Responsibility for Benefit Determination
The benefit of a Participant, spouse, or Beneficiary under this Plan shall be determined by the Committee, as provided in Section 4.02 below.
4.02    Duties of Committee
The Committee shall calculate, in accordance with Article II, the benefit of each Participant, spouse, or Beneficiary under the Plan.  The Committee shall have full discretionary authority to resolve any question which shall arise under the Plan as to any person's eligibility for benefits, the calculation of benefits, the form, commencement date, frequency, duration of payment, or the identity of the Beneficiary.  Such question shall be resolved by the Committee under rules uniformly applicable to all persons or employees similarly situated.
The power to amend the Plan, subject to the restrictions of Section 3.03, has been delegated to the Corporation’s Executive Vice President, Human Resources, provided that such amendment, in the judgment of the Corporation’s Executive Vice President, Human Resources, does not involve a material cost to the Company.
4.03    Procedure for Payment of Benefits Under the Plan

    

With respect to any benefit to which a Participant, spouse, or Beneficiary is entitled under this Plan, the Committee (i) shall direct the commencement of benefit payments hereunder in accordance with the applicable procedures established by the Corporation, the Company and/or the Committee regarding the disbursement of amounts from the general funds of the Corporation and (ii) shall arrange, in conjunction with any other applicable excess benefit plan, for the payment of benefits under the Plan and/or any other applicable excess benefit plan.HIG 12.31.12-10-K Ex 10.20

EXHIBIT 10.20
THE HARTFORD

EXCESS SAVINGS PLAN IA

(Including Amendments Effective Through January 1, 2013)

THE HARTFORD EXCESS SAVINGS PLAN IA
(As amended and restated effective January 1, 2013)

ARTICLE I
PURPOSE

		
	1.1
	Purpose.  The purpose of the Plan is to provide a means of restoring the contributions lost by certain Members under the Qualified Plan due to the application of the limitation imposed by Code Section 401(a)(17) (which limits the amount of an employee's compensation that may be taken into account annually under a qualified plan), and, prior to January 1, 2013, Code Section 402(g)(1) (which limits the amount of compensation an employee may defer annually under a qualified plan), and Code Section 415 (which limits the amount of contributions that may be made annually under a qualified plan on behalf of a particular employee).  The Plan is intended to constitute an unfunded deferred compensation arrangement maintained for a select group of management or highly compensated employees within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA.  Capitalized terms used herein and not defined herein shall have the meanings assigned to such terms by the Qualified Plan.  

Effective January 1, 2009, the Plan, including all amendments adopted prior thereto, was amended and restated in the form of this document, in order to comply with final regulations issued under Section 409A of the Internal Revenue Code.  The Plan is intended to comply with Section 409A of the Code, and no action taken by the Company shall be construed in a manner that would result in the imposition of an additional tax on participants under Section 409A of the Code.  The Plan has been administered in good faith compliance with Section 409A of the Code and the guidance issued thereunder from January 1, 2005 through December 31, 2008.  

ARTICLE II
DEFINITIONS

The following terms when capitalized herein shall have the meanings assigned below.  

“Accounts” means, collectively, a Participant's Participant Contribution Account, Excess  Matching Company Contribution Account, and Excess Non-Elective Company Contribution Account.

“Act” means the Securities Exchange Act of 1934, as amended from time to time.

“Beneficiary” means, unless a Participant elects otherwise, the individual(s) designated to receive benefits under the Qualified Plan after the death of a Member (if any).  A Participant may designate a different Beneficiary for the Plan, and may change that Beneficiary election at any time, subject to a spouse’s written, notarized consent if married.  Unless a later date is specified, a new beneficiary designation is effective on the first day of the first month that falls on or follows the date the completed beneficiary form is received by the Plan Administrator (or its delegate).  A Participant may also name an estate or a trust as Beneficiary.  If (A) no Beneficiary designation is in effect at the time of the Participant's death, (B) no designated Beneficiary survives the Participant, or (C) any Beneficiary designation made by the Participant conflicts with applicable law, such amount shall be paid to the Participant's spouse, if any, or, if no surviving spouse, his or her estate as soon as practicable following the date of his or her death.  

“Change of Control” has the meaning assigned by the Incentive Stock Plan as in effect on January 1, 2009.  
    
“Code” means the Internal Revenue Code of 1986, as amended from time to time.

“Company” means Hartford Fire. 

“Effective Date” means December 19, 1995.  

“Eligible Compensation” means, on or after January 1, 2013, compensation recognized under the Qualified Plan without regard to the Statutory Compensation Limit, but excluding annual bonuses that are not “performance-based” as defined under Section 409A of the Code and the regulations and guidance promulgated thereunder.  Effective as of January 1, 2013, “Eligible Compensation” shall not include compensation in excess of one million dollars ($1,000,000).  Prior to January 1, 2013, “Eligible Compensation” shall not be subject to the $1 million ($1,000,000) limit and shall have the meaning assigned by the Qualified Plan, except that  (A) any reduction in compensation required under the Qualified Plan due to the application of Code Section 401(a)(17) shall be disregarded, and (B) any reduction required under the Qualified Plan due to an election to make Participant Contributions under this Plan shall be disregarded.

“Eligible Member” means a Member who is eligible to participate in the Plan as provided in Article III hereof.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

“Excess Floor Company Contribution” means the contribution credited on behalf of a Participant prior to January 1, 2013 under Section 5.3(A) hereof. 

“Excess Matching Company Contribution” means the contribution credited on behalf of a Participant under Section 5.4 hereof.  

“Excess Matching Company Contribution Account” means the account maintained for a Participant to record Excess Matching Company Contributions and the hypothetical earnings thereon.
 

“Excess Non-Elective Company Contribution” means the contribution credited on behalf of a Participant under Section 5.3(B) hereof.   

“Excess Non-Elective Company Contribution Account”, formerly known as the “Excess Floor Company Contribution Account”, means the account maintained for a Participant to record Excess Non-Elective Company Contributions and, prior to January 1, 2013, Excess Floor Company Contributions, if any, and the hypothetical earnings thereon.   

“Excess Plan Committee” means the committee established by the Board of Directors of The Hartford to handle funding and other related matters associated with certain nonqualified benefit plans, including the Plan.

“Formula Price” means the highest of the following:  (i) the highest composite daily closing price of The Hartford stock during the 60 calendar day period preceding the date of the Change of Control, (ii) the highest gross price paid for such stock during the foregoing period, as reported in a report on Schedule 13D filed with the Securities and Exchange Commission, or (iii) the highest gross price paid or to be paid for such stock (whether by exchange, conversion, distribution upon merger, liquidation or otherwise) in any of the transactions constituting a Change of Control.

“Hartford Fire” has the meaning assigned by the Qualified Plan.  Hartford Fire is the sponsor of the Plan.

“Hypothetical Investment Fund” means a mutual fund or other investment vehicle or measure or index of investment performance selected by the Investment and Savings Plan Investment Committee to determine the hypothetical investment experience of Participant Accounts pursuant to Article IV.  

“Incentive Stock Plan” means The Hartford 2005 Incentive Stock Plan, as it may be amended from time to time. 

“Investment and Savings Plan Investment Committee” means the committee established by the Board of Directors of  Hartford Fire to handle investment matters associated with the Qualified Plan and certain nonqualified benefit plans, including the Plan.

“Member” means an individual who qualifies as a Member as defined in the Qualified Plan.  

“Participant” means an Eligible Member who has elected to participate in the Plan pursuant to Article III hereof, and who has not become an ineligible Member or received a distribution of all amounts credited to his or her Accounts under the Plan.  

“Participant Contributions” means the amount of Eligible Compensation a Member has elected  to defer in accordance with a Participant Contribution Election Form.

“Participant Contribution Account” means the account maintained for a Participant to record the Participant Contributions and the hypothetical gains and /or losses credited thereon under Article V.  

“Participant Contribution Election Form” shall mean the form (in paper, electronic or other format) or other authorization for Participant Contributions filed by a Participant in accordance with Article III.  

“Pension Administration Committee” has the meaning assigned by the Qualified Plan.

“Plan” means this plan - The Hartford Excess Savings Plan IA.

“Plan Administrator” has the meaning assigned to the term “Plan Administrator” by the Qualified Plan.  

“Plan Year” has the meaning assigned by the Qualified Plan.  

“Qualified Plan” means The Hartford Investment and Savings Plan, as it may be amended from time to time.

 “Statutory Compensation Limit” means the limit set forth in Code Section 401(a)(17). 

“Statutory Limits” means, collectively, the limits set forth in Code Sections 401(a)(17), 402(g)(1), and 415(c).    

“The Hartford” has the meaning assigned by the Qualified Plan.  

ARTICLE III
ELIGIBILITY AND PARTICIPATION

3.1  Eligibility of Members.  A Member who qualifies as an Eligible Member pursuant to this Section shall be eligible to participate in the Plan in accordance with Section 3.2.  

(A)  Eligible Member Defined.  A Member, other than a Member of a group that the Plan Administrator has determined is ineligible to participate in the Plan, (i) whose compensation recognized under the Qualified Plan for the next succeeding Plan Year is projected to exceed the Statutory Compensation Limit and (ii) who is notified, in accordance with Section 3.2(A), that he or she is eligible to participate in the Plan, shall be deemed to be an Eligible Member in this Plan as of the first day of the next succeeding Plan Year.  

(B)   Rehired Members.  An Eligible Member whose employment with the Company terminates shall again become an Eligible Member only upon completing, subsequent to the date of rehire, the requirements for eligibility set forth in this Section, unless otherwise determined in the sole discretion of the Plan Administrator.  

(C)  Members Deemed Ineligible for Participation.  

(i)  Receipt of Hardship Withdrawal under the Qualified Plan.  If a Member receives a hardship withdrawal under the Qualified Plan, and such Member ceases certain savings for a period of not less than 6 months pursuant to the Qualified Plan, such Member shall be deemed an ineligible Member for such 6 month period. Such Member shall no longer be deemed an ineligible Member as of the first day of the Plan Year following the end of such 6 month period.  

 (ii)  Partial Ineligibility of Certain Members.  A Member shall be deemed an ineligible Member solely with respect to Excess Matching Company Contributions, Excess Floor Company Contributions, or Excess Non-Elective Company Contributions to the extent such Contributions otherwise creditable on behalf of such Member hereunder are credited instead under The Hartford Deferred Compensation Plan.  
 
3.2  Participation.  

(A)  Notice of Eligibility to Participate.  The Plan Administrator shall notify a Member of his or her eligiblity to participate in the Plan.  Receipt of Notice from the Plan Administrator pursuant to this Section 3.2(A) shall be a condition to participation in the Plan.

(B)  Election to Participate.  After an Eligible Member receives notice from the Plan Administrator pursuant to Section 3.2(A), such Eligible Member may elect to participate in the Plan by filing a properly completed Participant Contribution Election Form, or such other authorization or information as the Plan Administrator may require, with the 

party and by the date designated by the Plan Administrator.  With respect to years prior to 2013, such Participant Contribution Election Form shall authorize automatic Participant Contributions (by payroll deduction) from a Participant's Eligible Compensation for a calendar year in any whole percentage, up to a maximum of 6%, for each pay period beginning after the earlier of when (i) the Eligible Member’s elected level of combined before-tax and Roth 401(k) contributions under the Qualified Plan reaches the Code Section 402(g) annual deferral limit applicable to the calendar year (determined as of the December 31 prior to the start of the Plan Year, based on the Participant’s elected level of such Qualified Plan contributions for the applicable Plan Year), or (ii) the Eligible Member’s year-to-date Eligible Compensation exceeds the Statutory Compensation Limit for the applicable calendar year.  With respect to years after 2012, such Participant Contribution Election Form shall authorize automatic Participant Contributions (by payroll deduction) from a Participant's Eligible Compensation for a calendar year in any whole percentage, up to a maximum of 6%, for each pay period beginning when the Eligible Member’s year-to-date Eligible Compensation exceeds the Statutory Compensation Limit for the applicable calendar year. Once commenced, such deductions shall continue each calendar year until the Participant changes the amount of such Participant Contributions pursuant to this Section 3.2.  Such election shall be irrevocable as of the latest date that an election is permitted under Section 409A of the Code and the regulations and guidance promulgated thereunder. Without limiting the generality of the foregoing, and except as otherwise permitted under Section 409A of the Code and the regulations and guidance promulgated thereunder, an election with respect to the deferral of Eligible Compensation, other than “performance-based compensation” within the meaning of Section 409A of the Code and the regulations and guidance promulgated thereunder, shall be irrevocable no later than the last day of the calendar year immediately preceding the calendar year in which the services related to such Eligible Compensation are performed, and an election with respect to the deferral of “performance-based compensation” within the meaning of Section 409A of the Code and the regulations and guidance promulgated thereunder shall be irrevocable no later than the date that is six months before the end of the applicable performance period.

(i)  Amount of Participant Contributions.  The Participant Contributions authorized by a Participant shall be in whole percentages of Eligible Compensation (subject to the limitations set forth above) for each pay period, in effect on the date the payroll deductions to which the Participant Contribution Election Form relates.  

(ii)  Changes in Participant Contributions.  Subject to Section 3.2(B)(i) hereof, a Participant may elect to increase or decrease the amount of Participant Contributions previously authorized by filing a properly completed change form, or such other authorization as the Plan Administrator may require, with the party and by the date designated by the Plan Administrator.  Such change shall be made in whole percentages of Eligible Compensation. A change in election to defer Eligible Compensation, other than “performance-based compensation” within the meaning of Section 409A of the Code and the regulations and guidance promulgated thereunder, shall be effective with respect to Eligible Compensation related to services performed on or after the first day of the Plan Year following receipt of the change form by the designated party.  A change in election to defer "performance -

based compensation" (within the meaning of Section 409A of the Code and the regulations and guidance promulgated thereunder) related to services performed during the year in which such change is made, must be made by and shall be effective on the date that is no later than six months before the end of the applicable performance period (which will generally be June 30).  A change in election to defer performance-based compensation shall not be effective if such election is made on a date that is later than six months before the end of the performance period to which such performance-based compensation relates. A Participant cannot elect during the Plan Year to increase or decrease the amount of Participant Contributions for that year; in addition, no changes during the Plan Year to the Participant’s contribution elections under the Qualified Plan shall have any effect on the amount of the Participant’s Participant Contributions under this Plan.  

(C)  Establishment of Participant Accounts.   With respect to each Participant, the Company shall maintain on its books a Participant Contribution Account, Excess Matching Company Contribution Account, and Excess Non-Elective Company Contribution Account.  Amounts shall be credited to or debited from such Accounts as provided in Article V hereof.  The Plan Administrator shall cause records indicating the value of each Participant's Accounts to be maintained.  Such value shall be established at the same time as account values are established under the Qualified Plan, and shall be reported to the Participant from time to time as determined appropriate by the Plan Administrator.  

(D)  Termination of Participation.  The participation of a Participant in the Plan shall terminate on the earlier of (i) the date that all amounts credited to the Participant's 
Accounts have been distributed pursuant to the Plan, or (ii) such other date as may be designated by the Plan Administrator or the Pension Administration Committee consistent with Section 409A of the Code and the regulations and guidance promulgated thereunder.

 ARTICLE IV
HYPOTHETICAL INVESTMENT FUND INVESTMENT ALLOCATIONS

4.1  Selection of Hypothetical Investment Funds.  The Investment and Savings Plan Investment Committee shall select one or more Hypothetical Investment Funds to which a Participant may elect pursuant to the Plan to allocate all or a portion of amounts then and thereafter credited to the Participant.  Unless otherwise provided by the Investment and Savings Plan Investment Committee, such Hypothetical Investment Funds shall correspond to those offered for investment under the Qualified Plan from time to time. To the extent provided herein, such Hypothetical Investment Funds shall be used to measure the hypothetical investment experience of the portion of a Participant's Account that the Participant properly elects to have allocated thereto.  The Investment and Savings Plan Investment Committee may change the selection of Hypothetical Investment Funds from time to time in its sole discretion.  The selection of any such Hypothetical Investment Funds shall not require the Company to invest or earmark any of its assets in any specific manner.

4.2  No Actual Investment.  Notwithstanding anything herein to the contrary, no Participant Contributions, Excess Matching Company Contributions, Excess Floor Company Contributions, or Excess Non-Elective Company Contributions hereunder, and no amounts credited to a Participant's Accounts pursuant to the Plan, shall be set aside or invested in any actual fund on behalf of the Participant, provided, however, that nothing in the Plan shall be construed to preclude the Company from directly or indirectly making investments for its own account in any actual investment vehicle corresponding to the Hypothetical Investment Funds (or otherwise) in order to assist the Company in meeting its obligations hereunder, or for any other reason whatsoever.  No Participant or any other person or entity shall have by reason of the Plan any right to or in any such investment made by the Company.  

4.3  Hypothetical Investment Fund Allocation for Accounts.  

(A)  Hypothetical Investment Fund Allocation Election.  To the extent permitted by the Plan Administrator, a Participant may elect to have the amount then and thereafter credited to his or her Accounts allocated in multiples of one percent (1%) among one or more of the Hypothetical Investment Funds.  Such election shall be made by filing a properly completed election form (or such other authorization as the Plan Administrator may require) with the party and by the date designated by the Plan Administrator.  Such election shall result in the investment experience of an elected Hypothetical Investment Fund being used to measure the hypothetical investment experience of the particular portion of the Participant's Account allocated to that Hypothetical Investment Fund as provided herein.
  
(B)  Change in Hypothetical Investment Fund Allocation Election.  To the extent permitted by the Plan Administrator, a Participant may change the Hypothetical Investment Fund allocation previously elected by filing a properly completed change form (or such other authorization as the Plan Administrator may require) with the party and by the date designated by the Plan Administrator.  Such change shall be effective following receipt of the timely filed change form by the designated party as of such date 

as may be designated by the Plan administrator, and shall apply to all amounts then and thereafter credited to the Participant's Account.  

(C)  Failure to Make Proper Hypothetical Investment Fund Allocation Election.  In the event that a Participant does not make a proper election with respect to Participant Contributions, Excess Matching Company Contributions, Excess Floor Company Contributions, or Excess Non-Elective Company Contributions pursuant to this Article IV, such Participant shall be deemed to have elected to have the entire amount (as to which no proper election is made) then and thereafter credited to his or her Participant Contribution Account, Excess Matching Company Contribution Account, or Excess Non-Elective Company Contribution Account, as the case may be, allocated to the Hypothetical Investment Fund that the Plan Administrator determines in its sole discretion generally to have the least risk of loss of principal. Effective September 1, 2006, in the event that a Participant does not make a proper Hypothetical Investment Fund allocation election with respect to any amounts credited pursuant to the Plan, such Participant shall be deemed to have elected to have the entire amount (as to which no proper election is made) then and thereafter credited to the Participant allocated to the Hypothetical Investment Fund corresponding to the applicable Default Vanguard Target Retirement Fund set forth in the Qualified Plan.

(D)  Limitations on Hypothetical Investment Fund Allocation.  The Plan Administrator may establish such limits on the Hypothetical Investment Fund allocations of a Participant as it may deem appropriate in its sole discretion. In the event that an investment fund under the Qualified Plan is eliminated, the Plan Administrator may provide that amounts allocated to the Hypothetical Investment Fund corresponding to the investment fund eliminated under the Qualified Plan, be reallocated to other Hypothetical Investment Funds in a manner comparable to the manner in which assets of the eliminated investment fund are reallocated under the Qualified Plan.  

ARTICLE V
CREDITING AND DEBITING OF PARTICIPANT ACCOUNTS

5.1  Crediting and/or Debiting of Amounts to Participant Accounts.  The amount of a Participant's Participant Contributions, Excess Matching Company Contributions, Excess Floor Company Contributions or Excess Non-Elective Company Contributions identified in this Article V shall be credited to the appropriate Accounts of the Participant during the Plan Year.  Such amounts shall be so credited at the same time as such amounts would have been credited under the Qualified Plan in the absence of the Statutory Limits, had such contribution been made to the Qualified Plan.  

5.2  Crediting of Participant Contributions.  The amount of Participant Contributions credited to a Participant's Participant Contribution Account for a particular Plan Year shall be equal to the percentage of Eligible Compensation properly elected pursuant to the Participant Contribution Election Form of the Participant.  

5.3  Crediting of Excess Floor Company Contributions and Excess Non-Elective Company Contributions.  

(A)  Prior to January 1, 2013, Excess Floor Company Contributions shall be credited to a Participant's Excess Floor Company Contribution Account (which account is now known as the Excess Non-Elective Company Contribution Account). The amount of Excess Floor Company Contributions credited to such account for a particular Plan Year equals one half of one percent (0.5%) of the Eligible Compensation properly taken into account for purposes of determining the Participant's Participant Contributions.  Excess Floor Company Contributions are only credited after a Participant completes six months of service with the Company. 

(B)  On or after January 1, 2013, Excess Non-Elective Company Contributions shall be credited to a Participant's Excess Non-Elective Company Contributions Account.  The amount of such contributions shall equal two percent (2%) of the Participant’s Eligible Compensation that exceeds the Statutory Compensation Limit.  Excess Non-Elective Company Contributions shall only be credited after a Participant completes ninety (90) days of service with the Company (as determined under the Qualified Plan).  Excess Non-Elective Company Contributions shall be credited regardless of whether or not the Participant is contributing any Participant Contributions to the Plan.  Notwithstanding the foregoing, Excess Non-Elective Company Contributions shall be credited to an Excess Non-Elective Company Contribution Account for those Members, as designated by the Plan Administrator, who were not timely notified of their eligibility to participate in the Plan for the 2013 Plan Year, equal to eight percent (8%) of the Member’s 2013 Eligible Compensation that exceeds the 2013 Statutory Compensation Limit; each of those Members shall be a Participant in the Plan despite the Member not contributing any Participant Contributions to the Plan in 2013.

5.4  Crediting of Excess Matching Company Contributions.   

(A)  Prior to January 1, 2013, the amount of Excess Matching Company Contributions credited to a Participant's Excess Matching Company Contributions Account for a particular Plan Year equals fifty percent (50%) of the  Participant's Participant Contributions for the applicable Plan Year.  Excess Matching Company Contributions are only credited after a Participant completes six months of service with the Company.

(B) On or after January 1, 2013, the amount of Excess Matching Company Contributions credited to a Participant's Excess Matching Company Contributions Account for a particular Plan Year shall be equal to 100 percent (100%) of the Participant's Participant Contributions for the applicable Plan Year.  Excess Matching Company Contributions shall only be credited after a Participant completes ninety (90) days of service with the Company (as determined under the Qualified Plan).

5.5  Crediting and/or Debiting of Investment Experience.  A Participant's Accounts shall be credited and/or debited, as the case may be, with an amount equal to the hypothetical net investment gain or loss that such Participant would have realized if the portion of his or her Account properly elected to be allocated or deemed to be allocated to a particular Hypothetical Investment Fund pursuant to Article IV were actually invested in such Hypothetical Investment 

Fund.  Such gain or loss shall be credited or debited as of the same date that gains or losses are credited or debited to the corresponding funds under the Qualified Plan.  

5.6  Debiting of Distributions.  Amounts distributed from a Participant's Accounts pursuant to the Plan shall be debited therefrom as of the date of distribution of such amounts.  

5.7  Vesting of Amounts Credited to Accounts.  The amounts credited to the Accounts of a Participant hereunder shall be fully vested at all times.  

ARTICLE VI
DISTRIBUTIONS FROM PARTICIPANT ACCOUNTS
 
6.1  Distribution to Fiduciary.  If the Plan Administrator determines that any person to whom any amount is otherwise distributable hereunder is unable to care for his or her affairs, such amount (unless a prior claim therefor shall have been made by a duly appointed guardian, committee or other legal representative) may be distributed to any person determined by the Plan Administrator to have fiduciary responsibility for such person otherwise entitled to such amount, in such manner and proportions as the Plan Administrator may deem appropriate.  Any such distribution shall constitute a complete discharge of any obligation of the Company to such person under the Plan. 

6.2  Distribution Upon Termination of Employment. Within 90 days of the first day of the second month following the month in which a Participant’s separation from service occurs, the Company shall distribute to the Participant a single lump sum cash payment equal to the total amount credited to the Participant's Account.  For purposes of the Plan, a Participant separates from service when the Participant either stops working, or when the level of services provided – whether as an employee or as an independent contractor – permanently decreases to no more than 20% of the average level of services provided during the prior 36 months.  Separation from service shall be determined in accordance with policies or practices that the Company shall adopt in accordance with, or as otherwise determined pursuant to, Section 409A of the Code and the regulations and guidance promulgated thereunder.   

If a Participant is a “specified employee” as determined under the practices and policies of the Company as established in accordance with Section 409A of the Code, then distribution to the Participant shall be made in a single lump sum cash payment six months after the date the Participant separates from service.  
  
6.3  Distribution in the Event of Death.  Notwithstanding anything herein to the contrary, in the event of a Participant's death, the entire amount credited to the Participant's Account shall be distributed in a single lump sum cash payment within 90 days following the date of death to the  Beneficiary(ies), if any, properly designated by the Participant by the date and in the manner required by the Plan Administrator. 

6.4  Distribution in the Event of a Termination of the Plan.  In the event of a termination of the Plan, the entire amount credited to a Participant's Accounts shall be distributed to the Participant in a single lump sum cash payment in accordance with Section 409A of the Code and the regulations and guidance promulgated thereunder.  

6.5  Distribution Upon Occurrence of a Change of Control.   Upon the occurrence of a Change of Control that also constitutes a “change in control” as defined in the regulations promulgated under Section 409A of the Code, all Participants shall be paid single lump sum cash payments equal to the entire amount credited to their respective Accounts, such payments to be made within 90 days following the date of such Change of Control.  For purposes of determining the value of the entire amount credited to a Participant's Account under the preceding sentence, any amount in the Participant's Accounts that is allocated to the Hypothetical Investment Fund corresponding to the 

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.  

7.4  Effect of Plan.  The provisions of the Plan shall be binding upon, and inure to the benefit of, all successors of each Participant, including without limitation the Participant’s estate and the executors, administrators or trustees thereof, heirs and legatees, and any receiver, trustee in bankruptcy or representative of creditors of such Participant.

7.5  Use of Funds.  All funds received or held by the Company pursuant to the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such funds from its general assets.  

7.6  No Employment Rights.  The Plan shall not, directly or indirectly, create in any Participant any right with respect to continuation of employment with the Company or to the receipt of any Eligible Compensation or other compensation.  The Plan shall not interfere in any way with the rights of the Company to terminate, or otherwise modify, the employment of any Participant or its compensation policies at any time.

7.7 Rights Not Transferable.  The rights of a Participant under the Plan shall not be sold, exchanged, transferred (including an involuntary transfer incident to a divorce), pledged, hypothecated or otherwise disposed of, other than (A) by will, or (B) by the laws of descent or distribution, provided that the rights of any transferee of a Participant shall not be greater than the rights of the Participant hereunder. The foregoing restriction shall be in addition to any restrictions imposed by applicable law on a Participant's ability to dispose of any rights under the Plan.

7.8  Transfers.

(A)  Tranfer to New Employer.  Notwithstanding provisions herein to the contrary, to the extent consistent with Section 409A of the Code and the regulations and guidance promulgated thereunder, in the event that the Company (i) sells or causes the sale of the stock or assets of any company in the controlled group of the Company to a third party, or (ii) causes the distribution to the holders of shares of the Company's common stock all of the outstanding shares of common stock of a subsidiary or subsidiaries of the Company, and as a result of such sale or distribution any particular Participant is no longer eligible to participate hereunder, the liabilities with respect to the benefits accrued by such Participant under the Plan shall, at the discretion and direction of the Company (and approval by the new employer), be transferred to a similar plan of such new employer and become a liability thereunder.  Upon such transfer (and acceptance thereof) the liabilities for such transferred benefits shall become the obligation of the new employer and the liability under this Plan for such benefits shall cease.

(B)  Transfer from Former Employer.  Notwithstanding provisions herein to the contrary, at the discretion and direction of the Company, liabilities with respect to benefits accrued by a Participant under a plan maintained by such Participant's former employer may be transferred to this Plan and upon such transfer such liabilities shall become liabilities hereunder.
7.9  Claims Procedure.  

(A)  Submission of Claims.  Claims for benefits hereunder shall be submitted in writing to the Plan Administrator or to such other person as may be designated by the Plan Administrator.  

(B)  Denial of Claim.  If any claim for benefits hereunder is wholly or partially denied, the claimant shall be given written notice of such denial within the time and in the manner required for claim denials under the Qualified Plan.  

(C)  Claim Review Procedure.   Any person whose claim for benefits hereunder is denied shall be entitled to a review of such denial, and such review shall be conducted in the same manner and in accordance with the same procedures that apply for review of claims under the Qualified Plan.  

(D)  Exhaustion of Remedy.  No claimant shall institute any action or proceeding in any state or federal court of law or equity or before any administrative tribunal for a claim for benefits under the Plan until such claimant has first exhausted the procedures set forth in this Section.

7.10  Administration.  

(A)  Administration by Committees.  Except as otherwise delegated to the Plan Administrator pursuant to this Section or otherwise, the Pension Administration Committee shall have the same administrative powers, responsibilities, and liability hereunder as are described herein or in the Qualified Plan.  Notwithstanding the foregoing, the responsibilities and liabilities imposed on the Pension Administration Committee under the Qualified Plan as a result of such Qualified Plan being a plan qualifying for special tax treatment under Sections 401(a) and 401(k) of the Code and/or as a result of such Qualified Plan being an ERISA Plan shall in no event be imposed under this Plan.  Except as otherwise delegated to the Plan Administrator pursuant to this Section or otherwise, the Excess Plan Committee shall have the administrative powers, responsibilities and limitations on liability under the Plan as are described in the resolution of the Board of Directors of The Hartford pursuant to which such Committee was created.

(B)  Administration by Plan Administrator.  Except as otherwise provided in the Plan, required by applicable law, or determined by the Pension Administration Committee, (i) the Plan Administrator shall be responsible for the performance of such administrative duties under the Plan not otherwise reserved hereunder to the Pension Administration Committee or the Excess Plan Committee, (ii) the Plan Administrator shall have full authority to administer and interpret the Plan in any manner it deems appropriate in its sole discretion, and (iii) the determinations shall be binding on and conclusive as to all parties.  

7.11   Administrative Expenses.  The Company shall pay for all administrative expenses related to the operation of the Plan, except as otherwise determined by the Pension Administration Committee.

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.

7.15  Effect of Plan.  The provisions of the Plan shall be binding upon all successors and assigns of a Participant, including without limitation the Participant's estate and the executors, administrators or trustees thereof, heirs and legatees, and any receiver, trustee in bankruptcy or representative of creditors of the Participant.

7.16 Governing Law.  The laws of the State of Connecticut shall govern all matters relating to the Plan, except to the extent such laws are superseded by the laws of the United States.

7.17  Effective Date.  The original Effective Date of this Plan is December 19, 1995.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]