Common use of Payment of accrued interest Clause in Contracts

Payment of accrued interest. So long as the Plan is considered by Revenue Canada (Taxation) to be an “investment contract” coming within paragraph 12(11) (a) of the Income Tax Act of Canada, or a similar provision is in effect, this provision shall apply. Unless I make the election noted below, I direct the Employer to pay Accrued Interest to me on each of the following dates:

Payment of accrued interest. So long as the Plan is considered by Revenue Canada (Taxation) to be an “investment contract” coming within paragraph 12(11) (a) of the Income Tax Act of Canada, or a similar provision is in effect, this provision shall apply. Unless I make the election noted below, I direct the Employer Board to pay Accrued Interest to me on each of the following dates:

Payment of accrued interest. So long as the Plan is considered by Revenue Canada (Taxation) to be an “investment contract” coming within paragraph 12(111) (a) of the Income Tax Act of Canada, or a similar provision is in effect, this provision shall apply. Unless I make the election noted below, I direct the Employer Board to pay Accrued Interest to me on each of the following dates: