Nature of Periodic Payments. The Periodic Payments constitute i. damages (other than punitive damages), whether by suit or agreement, or ii. compensation under a workers’ compensation act, on account of personal injury or sickness in a case involving physical injury or physical sickness, within the meaning of Sections 130(c) and 104(a) of the Code.
Nature of Periodic Payments. The Periodic Payments constitute
Nature of Periodic Payments. The Periodic Payments constitute i. damages (other than punitive damages), whether by suit or agreement, or 1 The Legal Committee of the National Structured Settlements Trade Association (“NSSTA”) has prepared this Model Qualified Assignment and Release Agreement, together with a corresponding Model Qualified Assignment Agreement, as resources for individual NSSTA members to consider in reviewing and, where they deem appropriate, updating their own structured settlement documentation to assure that it continues to serve the tax and other objectives of structured settlements, taking into account recent statutory, regulatory and case law developments. February 2004 1683249 v17 ii. compensation under a workers’ compensation act, on account of personal injury or sickness in a case involving physical injury or physical sickness, within the meaning of Sections 130(c) and 104(a) of the Code.
