Common use of COMMUNICATION AND NOTIFICATION Clause in Contracts

COMMUNICATION AND NOTIFICATION. All communications to the Contract Owner or to Nationwide, as required under this Contract, shall be in writing, except where the Contract specifies the use of electronic format(s) for use on the Internet. The Written Communication shall be addressed to the Contract Owner at their principal address or to Nationwide at its home office. The Contract Owner shall notify Nationwide at least thirty (30) days prior to the effective date of the following events: (a) amendment or modification of the Plan; (b) change in the administrative practices adhered to by the Plan; (c) change in the Investment Options offered by the Plan; (d) Reduction in Number of Participants; (e) full or partial Plan termination; or (f) merger of this Plan with another Plan for all or a class of Participants. The Contract Owner shall notify Nationwide of a merger, consolidation, or reorganization by the Employer within thirty (30) days after the effective date of the event. In the event that the Contract Owner fails to properly inform Nationwide of any item indicated above, which results in an adverse financial impact to Nationwide, except as provided in paragraphs 9.1(a) and 9.1(b), Nationwide may modify the Contract provisions, change its administrative practices, and/or recover losses incurred from the Contract Owner as a result of adverse financial impact, using uniform procedures applicable to Contracts of this class. SAMPLE

Appears in 13 contracts

Samples: Group Annuity Contract, Group Annuity Contract, Group Annuity Contract

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COMMUNICATION AND NOTIFICATION. All communications to the Contract Owner or to Nationwide, as required under this Contract, shall be in writing, except where the Contract specifies the use of electronic format(s) for use on the Internet. The Written Communication shall be addressed to the Contract Owner at their principal address or to Nationwide at its home office. The Contract Owner shall notify Nationwide at least thirty (30) days prior to the effective date of the following events: (a) amendment or modification of the Plan; (b) change in the administrative practices adhered to by the Plan; (c) change in the Investment Options offered by the Plan; (d) Reduction in Number of Participants; (e) full or partial Plan termination; or (f) merger of this Plan with another Plan for all or a class of Participants. SAMPLE The Contract Owner shall notify Nationwide of a merger, consolidation, or reorganization by the Employer within thirty (30) days after the effective date of the event. In the event that the Contract Owner fails to properly inform Nationwide of any item indicated above, which results in an adverse financial impact to Nationwide, except as provided in paragraphs 9.1(a) and 9.1(b), Nationwide may modify the Contract provisions, change its administrative practices, and/or recover losses incurred from the Contract Owner as a result of adverse financial impact, using uniform procedures applicable to Contracts of this class. SAMPLE.

Appears in 2 contracts

Samples: Unallocated Guaranteed Deposit Administration Contract, Unallocated Guaranteed Deposit Administration Contract

COMMUNICATION AND NOTIFICATION. All communications to the Contract Owner or to Nationwide, as required under this Contract, shall be in writing, except where the Contract specifies the use of electronic format(s) for use on the Internet. The Written Communication shall be addressed to the Contract Owner at their principal address or to Nationwide at its home office. The Contract Owner shall notify Nationwide at least thirty (30) days prior to the effective date of the following events: (a) amendment or modification of the Plan; (b) change in the administrative practices adhered to by the Plan; (c) change in the Investment Options offered by the Plan; (d) Reduction in Number of Participants; (e) full or partial Plan termination; or (f) merger of this Plan with another Plan for all or a class of Participants. The Contract Owner shall notify Nationwide of a merger, consolidation, or reorganization by the Employer within thirty (30) days after the effective date of the event. In the event that the Contract Owner fails to properly inform Nationwide of any item indicated above, which results in an adverse financial impact to Nationwide, except as provided in paragraphs 9.1(a) and 9.1(b), Nationwide may modify the Contract provisions, change its administrative practices, and/or recover losses incurred from the Contract Owner as a result of adverse financial impact, using uniform procedures applicable to Contracts of this class, subject to the applicable regulatory approval. SAMPLE

Appears in 2 contracts

Samples: Group Annuity Contract, Group Annuity Contract

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COMMUNICATION AND NOTIFICATION. All communications to the Contract Owner or to Nationwide, as required under this Contract, shall be in writing, except where the Contract specifies the use of electronic format(s) for use on the Internet. The Written Communication shall be addressed to the Contract Owner at their principal address or to Nationwide at its home office. The Contract Owner shall notify Nationwide at least thirty (30) days prior to the effective date of the following events: (a) amendment or modification of the Plan; (b) change in the administrative practices adhered to by the Plan; (c) change in the Investment Options offered by the Plan; (d) Reduction in Number of Participants; (e) full or partial Plan termination; or (f) merger of this Plan with another Plan for all or a class of Participants. The Contract Owner shall notify Nationwide of a merger, consolidation, or reorganization by the Employer within thirty (30) days after the effective date of the event. In the event that the Contract Owner fails to properly inform Nationwide of any item indicated above, which results in an adverse financial impact to Nationwide, except as provided in paragraphs 9.1(a) and 9.1(b), Nationwide may modify the Contract provisions, change its administrative practices, and/or recover losses incurred from the Contract Owner as a result of adverse financial impact, using uniform procedures applicable to Contracts of this class. SAMPLE.

Appears in 2 contracts

Samples: Group Annuity Contract, Group Annuity Contract

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