Common use of Nature of Periodic Payments Clause in Contracts

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.

Appears in 11 contracts

Samples: Qualified Assignment and Release Agreement, Qualified Assignment and Release Agreement, Qualified Assignment Agreement

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