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Other Participant Benefit Payments The Contract Owner, or Participant if permitted by the Plan, may request any other Participant Benefit Payment permitted under the Plan. TERMINATION AND WITHDRAWALS In the event Nationwide provides annuity payment options to Retired Participants, notwithstanding anything in the Contract to the contrary, including Contract termination, Nationwide will retain the assets attributable to Retired Participants that are receiving annuity payments from Nationwide. Termination by the Contract Owner The Contract Owner may terminate the Contract at any time by notifying Nationwide in writing. Once Nationwide receives the notice to terminate, the Contract will be terminated in one -hundred and twenty (120) days ("effective date of termination"). Thirty (30) days following Nationwide's receipt of the written notification to terminate, Nationwide will no longer accept any additional Purchase Payments to the Contract, except by mutual agreement with the Contract Owner. Upon payment of the Withdrawal Value, Nationwide and the Contract Owner will be relieved of any additional responsibilities under the Contract. Termination by Nationwide Nationwide may terminate the Contract at any time by notifying the Contract Owner in writing. Once the Contract Owner receives the notice to terminate, the Contract will be terminated in one -hundred and twenty (120) days ("effective date of termination"). Thirty (30) days following the Contract Owner's receipt of the written notification to terminate, Nationwide will no longer accept any additional Purchase Payments to the Contract, except by mutual agreement with the Contract Owner. Upon payment of the Withdrawal Value, Nationwide and the Contract Owner will be relieved of any additional responsibilities under the Contract. Payment of the Withdrawal Value At least thirty (30) days prior to the effective date of termination, the Contract Owner must elect one of the two Withdrawal methods listed below for amounts attributable to the Contract. 1. Lump -sum Payment. If the Contract Owner elects to have funds Withdrawn from the Contract in one lump -sum payment, Nationwide will pay to the Contract Owner the Withdrawal Value of amounts attributable to the Contract plus or minus a market value adjustment. The current market value adjustment formula is specified in Exhibit A. Nationwide may prospectively change the market value adjustment formula. Prior to any change being effective, Nationwide will provide the Contract Owner a new Contract with the new market value adjustment formula 2. Sixty (60) Monthly Installments. If the Contract Owner elects to have funds Withdrawn from the Contract in sixty (60) monthly installments, Nationwide will begin installment Withdrawals no later than ninety (90) days following the effective date of termination of the Contract, unless otherwise mutually agreed by the Contract Owner and Nationwide. The amount of each installment is determined by the following: a) the Contract Value on the date before the installment is Withdrawn; divided by b) the number of remaining installments. Contract Withdrawals in addition to installment Withdrawals will not be permitted, nor will any Exchanges or Transfers be permitted. NRC -011017L 11 (Florida) (4/2011)