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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 (i) 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 15 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 />
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