Common use of ALTERATION OR MODIFICATION Clause in Contracts

ALTERATION OR MODIFICATION. The Company reserves the right to: (1) not accept any new Certificate Owners in the Contract as of a specified date; (2) discontinue the Fixed Account option for any new Certificate Owner as of a specified date: and (3) not accept future deposits into the Fixed Account from existing Certificate Owners.

Appears in 2 contracts

Sources: Group Modified Single Purchase Payment Deferred Variable Annuity Contract (Nationwide Fidelity Advisor Annuity Variable Account), Group Modified Single Purchase Payment Deferred Variable Annuity Contract (Nationwide Variable Account 9)