Common use of SMALL ANNUITIES Clause in Contracts

SMALL ANNUITIES. If the amount to be applied to purchase an Annuity is less than $5,000, or other amount as permitted by law, Nationwide may, instead of purchasing an Annuity, make a Cash Payment to the Participant, Beneficiary, or Contract Owner. The Cash Payment will be equal to the amount to be applied, less any tax or charges.

SMALL ANNUITIES. If the amount to be applied to purchase an Annuity is less than $5,000, or other amount as permitted by law, Nationwide may, instead of purchasing an Annuity, make a Cash Payment to the Participant, Beneficiary, or Contract Owner. The Cash Payment will be equal to the amount to be applied, less any tax or charges.. SAMPLE DC

SMALL ANNUITIES. If the amount to be applied to purchase an Annuity is less than [$5,0003,500], or other amount as permitted by law, Nationwide the Company may, instead of purchasing an Annuity, make a Cash Payment to the Participant, Beneficiary, or Contract OwnerContractholder. The Cash Payment will be equal to the amount to be applied, less any tax or charges.charges specified in Article [VI]. DC

SMALL ANNUITIES. SAMPLE If the amount to be applied to purchase an Annuity is less than $5,000, or other amount as permitted by law, Nationwide may, instead of purchasing an Annuity, make a Cash Payment to the Participant, Beneficiary, or Contract Owner. The Cash Payment will be equal to the amount to be applied, less any tax or chargestax.