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R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
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R2014-124 PRO-ACCOUNT PLAN SPONSOR AGREEMENT
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7/24/2015 9:23:55 AM
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Resolution/Ordinance
Res Ord Num
R2014-124
Res Ord Title
APPROVING PRO-ACCOUNT PLAN SPONSOR AGREEMENT WITH NATIONWIDE INVESTMENT ADVISORS, LLC
Approved Date
10/6/2014
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To the extent permitted by applicable law or regulation,affiliates of NIA may receive <br /> payments from, or in connection with, investment options selected by the IFE which are <br /> included in the Portfolios. In addition, the IFE may select certain investment options for <br /> which NIA or an investment advisory affiliate acts as investment adviser. The IFE's fees for <br /> services provided under the Advice Program are not related to the investment options the <br /> IFE selects for the Portfolios or otherwise influenced by the payments NIA or its affiliates may <br /> receive from such investment options. <br /> Certain Advice Program Investments may charge a redemption fee or impose a trade <br /> restriction on certain transactions. Redemption fees vary in amount and application from <br /> investment option to investment option. It is possible that transactions initiated by NIA under <br /> the Advice Program may result in the imposition of redemption fees or trade restrictions on <br /> one or more investment options held in Plan Participant Accounts. Any redemption fees will <br /> be deducted from the Plan Participant's Advice Program Account balance. For further <br /> information on redemption fees or trade restrictions, including whether they will be <br /> applicable to any of the investment options within your Plan, please consult the individual <br /> fund prospectus or other investment option disclosure material. <br /> VI. INDEMNIFICATION, LIMITATION OF LIABILITY, AND RISK ACKNOWLEDGMENT <br /> Each party agrees to hold harmless,defend and indemnify the other party(including its <br /> directors,officers, employees, affiliates and agents) from and against any and all claims, <br /> liabilities,losses,costs, damages or expenses(including,without limitation,cost of litigation <br /> and reasonable attorneys'fees)(collectively,"Losses")arising out of or attributable to the <br /> indemnifying party's(1)willful misconduct, bad faith,criminal activity,or gross negligence, (ii) <br /> material breach of this Agreement or the material Inaccuracy of any representation or <br /> warranty provided hereunder,or(iii)violation of any law to which such party is subject. <br /> Plan Sponsor, on behalf of the Plan, agrees to hold harmless,defend and indemnify NIA <br /> (including its directors,officers, employees,affiliates and agents) from and against any and all <br /> Losses arising out of or attributable to NIA's following directions or carrying out instructions, <br /> or using obsolete, inaccurate or incomplete information, given or furnished by the Plan or its <br /> agents. <br /> A party that seeks indemnification under this Section VI must promptly give the indemnifying <br /> party written notice of any legal action. But a delay in notice does not relieve an <br /> indemnifying party of any liability to an indemnified party, except to the extent the <br /> indemnifying party shows that the delay prejudiced the defense of the action. The <br /> indemnifying party may participate in the defense at any time or it may assume the defense <br /> by giving notice to the other party. After assuming the defense, the indemnifying party: <br /> must select an attorney that is satisfactory to the other party;is not liable to the other party <br /> for any later attorney's fees or for any other later expenses that the other party incurs, except <br /> for reasonable investigation costs; must not compromise or settle the action without the <br /> other party's consent(but the other party must not unreasonably withhold its consent);and is <br /> not liable for any compromise or settlement made without Its consent. If the indemnifying <br /> party fails to participate in or assume the defense within 1S days after receiving notice of the <br /> action,the indemnifying party is bound by any determination made in the action or by any <br /> compromise or settlement made by the other party <br /> Federal and state securities laws impose liabilities in certain circumstances on persons who <br /> act in good faith,and nothing in this Agreement waives or limits any rights either party has- <br /> under those laws. <br /> Nationwide Retirement Solutions 10 W.Nationwide Blvd.Columbus.Ohio 43215 <br /> NRM-7982AO.6.0714 4 of 7 <br /> 01UN coos zso 06"Seco:) <br />
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