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Annual Guaranteed Interest Rate - The minimum guaranteed interest rate applied to the Contract for a calendar year. Nationwide determines this rate at its sole discretion. Business Day - Each day the New York Stock Exchange and Nationwide's home office are open for business. Companion Investment Option(s) - Another investment option under the Plan. This may include other investment contracts and options offered by Nationwide or by another provider. Contract - The terms, conditions, benefits and rights of the group fixed annuity described in this document, as well as any endorsements, amendments and the application form. Contract Anniversary - Beginning with the "Effective Date of Contract", each recurring one-year anniversary of the "Effective Date of Contract" during which the Contract remains in force. Contract Owner - The entity identified on the face page of the Contract and the "Contract Specifications Page" as the Contract Owner. Contract Value - The current value of assets held under the Contract. Exchange - The movement of amounts attributable to Participant Accounts to a Companion Investment Option under the Plan. Guaranteed Minimum Interest Rate - A minimum interest rate established under the Contract. All rates under the Contract are guaranteed to be at least as great as the Guaranteed Minimum Interest Rate. Interest credited to the Contract will not be less than 1.00%. Nationwide - Nationwide Life Insurance Company. Participant - An employee or independent contractor that is eligible to be a part of the Plan and is entitled to benefits under the Plan. The Contract Owner, or its designated representative, determines eligibility to participate in the Plan. Participant Account - An individual account established for a Participant under the Plan. A Participant Account will record all transactions attributable to the Plan on behalf of the Participant or the Participant, if permitted by the Plan. This includes Participant Contributions, Exchanges and Transfers and accumulated interest. Participant Account Value - The present value of the Participant's Account under the Contract. Participant Benefit Payments - All payments of benefits that result from a Participant's retirement, termination of employment, or any payment that a Participant is entitled to based on the terms of the Plan. Participant Benefit Payments specifically exclude all employer initiated Withdrawals. Participant Contributions - A portion of a Purchase Payment attributable to a Participant's election to contribute money to the Plan. Plan - The employer sponsored retirement plan or tax deferred arrangement specified on the "Contract Specifications Page." Purchase Payment(s) - New money deposited into the Contract by the Contract Owner. Unless otherwise agreed to in writing, Nationwide only accepts Purchase Payments in the currency of the United States of America. NRC-0110FL 3 (Florida) (4/2011)