Common use of Assets Transferred to the Fund Clause in Contracts

Assets Transferred to the Fund. Subject to the minimum amount of consideration that may be set by the Trustee at its sole discretion, The Trustee may only accept in the Fund, as consideration thereunder, those assets which are transferred from: i) a RRSP of which the Annuitant is the beneficiary; ii) another RRIF of which the Annuitant is the beneficiary; iii) the Annuitant, to the extent that the consideration is an amount referred to in subparagraph 60(l)(v) of the Tax Act and, if applicable, any equivalent provisions in the Tax Legislation, and in particular of any amount paid as reimbursement of premiums pursuant to the death of a Spouse, originating with a RRSP of which the Spouse of the Annuitant was the beneficiary; iv) a RRSP or a RRIF of which the Spouse or former Spouse of the Annuitant is the beneficiary, in accordance with an order, or judgment of a court having jurisdiction or with a written separation agreement, relating to a division of property between the Annuitant and his or her Spouse or former Spouse in settlement of rights arising out of, or on the breakdown of, their marriage or common-law partnership; v) a registered pension plan of which the Annuitant is a member (as defined in subsection 147.1(1) of the Tax Act); vi) a registered pension plan in accordance with subsection 147.3(5) or (7) of the Tax Act; vii) a specified pension plan in circumstances to which subsection 146(21) of the Tax Act applies (such as the Saskatchewan Pension Plan); or viii) otherwise, in accordance with the provisions of the Tax Legislation.