Document:

Form of Deferred Stock Unit Agreement (Cash Settlement)

 EXHIBIT 10.44 
 NATIONWIDE FINANCIAL SERVICES, INC. 
 SECOND AMENDED AND RESTATED 
 STOCK RETAINER PLAN FOR NON-EMPLOYEE DIRECTORS 
 Form of Deferred Stock Units Award Agreement –Cash Settlement 
  

									
	 	 	 	 	 	 	[Date]	 	 

 [Name] 
 [Address] 
 [City, State, Zip] 
 Dear
[                    ]: 
 In
accordance with the terms of the Nationwide Financial Services, Inc. Second Amended and Restated Stock Retainer Plan for Non-Employee Directors (the “Plan”) and this award agreement (the “Award Agreement”), Nationwide Financial
Services, Inc. (“the Company”) hereby grants to you, as part of your retainer for service on the Company’s Board of Directors (“the Board”) in 200  , an award of Deferred Stock Units (the “DSU
Award”), as set forth below: 
 Overview of Your DSU Award 
  

			
	 Number of Deferred Stock
 Units Granted:
	  	 [                            ]

		
	 Date of Grant:
	  	 [                            ], 200  

 It is understood and agreed that the DSU Award evidenced by this Award Agreement is subject to the
following additional terms and conditions. 
  

	 1.
	 Nature and Settlement of Award. This DSU Award represents an unfunded and unsecured promise by the Company to pay you an amount in the future. This
DSU Award is not a share of the Company’s Class A common stock (“Common Stock”) and does not entitle you to receive dividends or voting rights. Settlement of your DSU Award will occur upon the date of your termination of service
on the Board, or as soon as practicable thereafter. At the time of settlement, the Company will pay to you an amount in cash equal to the product of (a) the Fair Market Value of one share of Common Stock on the settlement date and (b) the
number of Deferred Stock Units subject to this Award Agreement at the time of settlement. 

	 2.
	 Adjustments and Increases to Reflect Dividends. The number of Deferred Stock Units subject to this Award Agreement may be adjusted pursuant to
Section 8 (“Adjustments”) of the Plan. In addition, the number of Deferred Stock Units subject to this Award Agreement will be increased to the extent dividends are declared on shares of Common Stock, as provided in
Section 6(b) of the Plan. 

  

	 3.
	 Transferability. Unless otherwise determined by the Committee (as defined in the Plan), DSUs may not be transferred in any manner otherwise than by will
or by the laws of descent or distribution. 

 Please refer any questions you may have regarding your DSU Award to [Beth
Owens (614) 249-3544 in the Executive Performance and Rewards department of the Company]. 
 Sincerely,

 Nationwide Financial Services, Inc. 
 [Terri L. Hill] 
 [Executive Vice President- Chief Administrative Officer] 
 Please acknowledge receipt of the Plan and this Award Agreement and your agreement to the terms and conditions thereof, by signing the following
representation: 
  

					
	 Acknowledgement
	 	 	 	 
		
	 By signing a copy of this Award Agreement and returning it to [Beth Owens, Executive Performance and Rewards (1-26-11) of the Company], I acknowledge that I have
received a copy of the Plan, and that I have read and understand the Plan and this Award Agreement and agree to the terms and conditions thereof. I further agree to accept as binding, conclusive and final all decisions or interpretations of the
Committee upon any questions arising under the Plan or this Award Agreement.
	 	 
			
	 	 	 	 	 
	 	 	 	 	 
	 [Participant’s Name]
	 	 	 	 

  

 2 

 Please note: Sign and return one copy of this Award Agreement to [Beth Owense 1-26-11 - Executive
Performance and Rewards] and retain one copy for your records. 
  

 3Form of Deferred Stock Unit Agreement (Share Settlement)

 EXHIBIT 10.44.1 
 NATIONWIDE FINANCIAL SERVICES, INC. 
 SECOND AMENDED AND RESTATED 
 STOCK RETAINER PLAN FOR NON-EMPLOYEE DIRECTORS 
 Form of Deferred Stock Units Award Agreement – Share Settlement 
  

									
	 	 	 	 	 	 	[Date]	 	 

 [Name] 
 [Address] 
 [City, State, Zip] 
 Dear
[                    ]: 
 In
accordance with the terms of the Nationwide Financial Services, Inc. Second Amended and Restated Stock Retainer Plan for Non-Employee Directors (the “Plan”) and this award agreement (the “Award Agreement”), Nationwide Financial
Services, Inc. (“the Company”) hereby grants to you, as part of your retainer for service on the Company’s Board of Directors (the “Board”) in 200_, an award of Deferred Stock Units (the “DSU Award”), as set forth
below: 
 Overview of Your DSU Award 
  

			
	 Number of Deferred Stock
 Units Granted:
	  	 [                            ]

		
	 Date of Grant:
	  	 [                            ], 200  

 It is understood and agreed that the DSU Award evidenced by this Award Agreement is subject to the
following additional terms and conditions. 
  

	 1.
	 Nature and Settlement of Award. This DSU Award represents an unfunded and unsecured promise by the Company to issue shares of the Company’s
common stock (the “Common Stock”) to you at the time of settlement. This DSU Award is not a share of Common Stock and does not entitle you to receive dividends or voting rights unless and until shares of Common Stock are issued upon
settlement of the DSU Award. Settlement of your DSU Award will occur upon the date of your termination of service on the Board, or as soon as practicable thereafter. At the time of settlement, the Company shall deliver to you one share of Common
Stock for each Deferred Stock Unit subject to this Award Agreement at the time of settlement. 

	 2.
	 Adjustments and Increases to Reflect Dividends. The number of Deferred Stock Units under this Award Agreement is subject to adjustment pursuant to
Section 8 (“Adjustments”) of the Plan. In addition, the number of Deferred Stock Units under this Award Agreement shall be increased to the extent dividends are declared on shares of Common Stock, as provided in
Section 6(b) of the Plan. 

  

	 3.
	 Transferability. Unless otherwise determined by the Committee (as defined in the Plan), DSUs may not be transferred in any manner otherwise than by will
or by the laws of descent or distribution. 

 Please refer any questions you may have regarding your DSU Award to [Beth
Owens (614) 249-3544 in the Executive Performance and Rewards department of the Company]. 
 Sincerely,

 Nationwide Financial Services, Inc. 
 [Terri L. Hill] 
 [Executive Vice President- Chief
Administrative Officer] 
 Please acknowledge receipt of the Plan and this Award Agreement and your agreement to the terms and conditions
thereof, by signing the following representation: 
  

					
	 Acknowledgement
	 	 	 	 
		
	 By signing a copy of this Award Agreement and returning it to [Beth Owens, Executive Performance and Rewards (1-26-11) of the Company], I acknowledge that I have
received a copy of the Plan, and that I have read and understand the Plan and this Award Agreement and agree to the terms and conditions thereof. I further agree to accept as binding, conclusive and final all decisions or interpretations of the
Committee upon any questions arising under the Plan or this Award Agreement.
	 	 
			
	 	 	 	 	 
	 	 	 	 	 
	 [Participant’s Name]
	 	 	 	 

 Please note: Sign and return one copy of this Award Agreement to [Beth Owens
1-26-11—Executive Performance and Rewards] and retain one copy for your records. 
  

 2Summary of Non-Employee Director Compensation

 Exhibit 10.47 
 Summary of Non-Employee Director Compensation 
 Members of the Board of Directors (the
“Board”) who are employees of Nationwide Financial Services, Inc. (the “Company”) or its affiliates are not separately compensated for service on the Board of Directors or any of its committees. 
 Effective January 1, 2006, directors of the Company who are not employees of the Company or its affiliates will receive an annual cash retainer of
$45,000 and an equity retainer consisting of a grant of deferred stock units having a value of $90,000 for service on the Board and its committees or, if necessary in the case of any director that is not a resident of the United States, restricted
shares of Class A Common Stock of the Company. The cash retainer is paid in monthly installments, and the restricted shares or deferred stock units are awarded to directors on the date of the annual shareholders’ meeting and vest on the
date that the director’s service on the Board ends. 
 The Chairman of the Board receives a supplemental annual retainer of $40,000,
paid one-half in cash and one-half in shares of the Company’s Class A Common Stock, for his additional duties. This supplemental retainer of cash and stock is also paid in monthly installments. The Chairman of the Audit Committee of the
Board receives a supplemental annual retainer of $15,000, and the Chairman of each other committee of the Board receives a supplemental annual retainer of $6,000. These supplemental retainers are paid in monthly installments. 
 Non-employee directors also receive a cash meeting fee of $2,250 for each Audit Committee meeting attended, and a meeting fee of $2,000 for each other
Board or committee meeting attended. 
 An additional retainer of $15,000 is payable in cash to the members of special committees, if and
when such committees are established by the Board. 
 Non-employee directors may elect annually to defer any or all of their cash
compensation for service. Amounts deferred earn a return equivalent to the rate of return on selected investment choices offered under the Nationwide Board of Directors’ Deferred Compensation Plan. 
 The Company reimburses directors of the Company for reasonable travel expenses incurred in connection with attendance at Board, committee or shareholder
meetings and other Company events. This may include travel on the Company plane. Travel expenses for the spouses or guests of directors may also be reimbursed. The Company will also provide a gross-up payment in some circumstances for travel
expenses for spouses or guests. This amount is taxed to the appropriate director. 
 Directors may also be provided with computers and
certain other office equipment, office supplies, and additional home phone or computer lines at the discretion of the Company. The Company also pays the dues for each director’s membership in the National Association of Corporate Directors and
reimburses directors for expenses related to educational or professional seminars the directors choose to attend. The Company will also reimburse directors for certain physical examinations.

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