R2009-37 ADOPTING POST EMPLOYEMENT HEALTH PLAN

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Suffix Accounts Assets are allocated to one of two Suffix Accounts within the GPVA: the Universal Payor Suffix Account or the Insurance Premium Payor Suff'ix Account. These Suffix Accounts are required to maintain the tax-favored status of the Plan. The Suffix Account into which a Deposit is directed is contingent upon how the Employer has elected to contribute amounts on a participant's behalf. Reimbursement may be claimed from the Universal Payor Suffix Account for qualified reimbursable expenses including but not limited to hospital, doctor visit or other medical expenses, hearing aids, eyecare expenses, dental expenses, copays or deductibles, and prescription drugs. Reimbursements may be claimed from the Insurance Premium Payor Suffix Account for medical or health insurance premium expenses. Application of Deposits Nationwide shall receive Deposits from the Owner or from the Plan Administrator in accordance with the requirements of the Plan. Net Deposits received on behalf of Participants will be applied by Nationwide to purchase Units of Series in the applicable suffix account in the GPVA in accordance with the , �, instructions of the Owner. Deposits made on behalf of each Participant must be at least $120 per , Participant per year or one-half of one percent of a Participant's salary per Participant per year. ' An initial Deposit will be priced not later than 2 Business Days after receipt of an order to purchase if the application of the Participant and all information necessary for processing the purchase order are complete upon receipt by the Plan Administrator. Nationwide may retain the Deposit for up to 5 Business Days while attempting to complete an incomplete application. If the application cannot be made complete within 5 Business Days, the Owner will be informed of the reason(s) for the delay and the Deposit will be returned immediately unless the Owner consents to Nationwide retaining the Deposit until the Participant application is made complete. . Deposits will be priced only on Business Days. GPVA Unit Value The value of a Unit far each new Series added to the GPVA on or after July 1, 1996, will be established at$1.00 as of the date Fund shares are first made available for purchase for that Series. The value of Units for any Series for any subsequent Business Day is determined by multiplying the value for the preceding Business Day by the valuation factor that Series for the period since that day. Redemption of Funds Upon Termination The Owner's right to redeem(terminate) funds, either fully or partially, will be governed by the terms of the Plan which the Contract is issued to fund. It should be recognized that the value of a Participant's account upon redemption may be more or less than its total purchase price. All such payments will be made by Nationwide to or at the direction of the Owner or its authorized representative. 6