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.
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Samples: Group Annuity Contract, Group Annuity Contract
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
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Samples: Group Annuity Contract
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.
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Samples: Unallocated Guaranteed Deposit Administration Contract
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
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