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2022-206
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Last modified
10/31/2022 2:46:54 PM
Creation date
10/31/2022 2:39:31 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
First Amendment
Approved Date
10/11/2022
Control Number
2022-206
Agenda Item Number
8.D.
Entity Name
Nationwide Retirement Solutions, Inc. Corporation
Subject
First Amendment for recordkeeping services for Assets, termination of the ProAccount
Application for Group Flexible Purchase Payment Deferred Fixed Annuity Contract.
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2) Transfer any periodic distribution amounts and schedules, continuing loan repayments, <br />or other ongoing participant transactional activity to the Plan Sponsor, or such other <br />entity as the Plan Sponsor may designate in writing, in accordance with the time frame <br />described above for the delivery of participant records. <br />3) Transfer all Plan assets under its control to the Plan Sponsor or to such other entity as <br />the Plan Sponsor may designate in writing. Nationwide agrees to provide a final <br />accounting of all Plan assets for which Nationwide provides recordkeeping. <br />If the Plan is not funded within one -hundred and eighty (180) days of the date this Agreement <br />signed by the parties, Nationwide reserves the right to terminate the Agreement by providing <br />written notice of the termination to Plan Sponsor. <br />9. DEFAULT <br />In the event either party fails to perform any or all of its obligations as defined in this Agreement, <br />the non -defaulting party shall give the defaulting party written notice, specifying the particulars of <br />the default. If such default is not cured within sixty (60) days from the date in which notice of <br />default is given, the non -defaulting party may terminate the Agreement in accordance with Section <br />8 of this Agreement. <br />10. ASSIGNABILITY <br />No party to this Agreement shall assign this Agreement without the express written consent of the <br />other party, which consent shall not be unreasonably withheld. Unless agreed to by the parties, no <br />such assignment shall relieve any party to this Agreement of any duties or responsibilities herein. <br />11. CONFIDENTIALITY <br />Nationwide agrees to maintain all information obtained from or related to all Plan participants as <br />confidential. The Plan Sponsor and Nationwide agree that Nationwide, its officers, employees, <br />brokers, registered representatives, affiliates, vendors and professional advisors (such as attorneys, <br />accountants and actuaries) may use and disclose Plan and participant information only to enable or <br />assist it in the performance of its duties under this Agreement and with other Plan -related activities, <br />and the Plan Sponsor expressly authorizes Nationwide to disclose Plan and participant information <br />to its agents and/or broker of record on file with Nationwide. Notwithstanding anything to the <br />contrary contained in this Agreement, it is expressly understood that Nationwide retains the right <br />to use any and all information in its possession in connection with its defense and/or prosecution <br />of any litigation which may arise in connection with this Agreement, the investment arrangement <br />funding the Plan, or the Plan; provided, however, in no event will Nationwide release any <br />information to any person or entity except as permitted by applicable law. <br />This Section 11 will survive the termination for any reason of this Agreement. <br />12. CIRCUMSTANCES EXCUSING PERFORMANCE <br />Neither party to this Agreement shall be in default by reason of failure to perform in accordance <br />with its terms if such failure arises out of causes beyond their reasonable control and without fault <br />or negligence on their part. Such causes may include, but are not limited to, Acts of God or public <br />-10- <br />
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