R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN

Home Browse Search

Expense Withdrawals - The Owner may notify Nationwide in writing that the Plan has incurred an expense and may direct that the amount be paid from a Fund. Nationwide shall cancel Units equal to the dollar value of the amount and shall pay the amount to the person or entity specified in the notice. Premium Taxes -Nationwide may charge against the Contract Value any premium tax levied by a state or other governmental entity upon annuity considerations received by Nationwide. GENERAL INFORMATION Exchange Privilege Nationwide will permit the Owner or the Participant, if the Plan so provides, to make exchanges between Funds of the Separate Account Series as frequently as permitted by the Plan, subject to limits and rules set by each Fund. Exchange from the Fixed Account are subject to the following limitations: (i) If no competing product options are provided by the Plan, then up to four (4) Exchanges per Participant per Contract year from the Fixed Account to any Series of the Separate Account are permitted; and (ii) If competing product options are provided by the Plan, then up to four (4) Exchanges per Participant per Contract year from the Participant Fixed Account are permitted. However, no more than 20% of the Participant's Fixed Account value from the previous calendar year-end may be transferred Exchanges may be made by calling the Plan Administrator at 1-877-677-3678. On the date Nationwide receives an exchange request from the Plan Administrator in good order, which includes all of the information necessary for processing the request, Nationwide will transfer the amount to be exchanged. Such exchanges will be based on the Unit values of the affected Series if received at Nationwide's office by the close of any Business Day. If the exchange is received after the close of a Business Day or any other day, the exchange will be based on unit values on the next succeeding Business Day. Transfer Privilege As permitted by the Plan, Nationwide will permit the Owner, or the Participant, if the Plan so provides, to transfer amounts from Series of the Separate Account to other product options unrestricted and free of charge.. Transfers into the Contract from other product options will be permitted, subject to any restrictions in those options. Transfers from the Fixed Account are subject to the following limitation: No more than 20% of the Participant's Fixed Account value from the previous calendar year-end may be transferred. Each request to transfer must be made in writing to Nationwide and will be processed on the Business Day Nationwide receives the written request from the Owner or its designee in good order at the Home Office. 5