Common use of Tax Treatment of Accumulated Income Payments Clause in Contracts

Tax Treatment of Accumulated Income Payments. There shall be included in computing a Subscriber's income for a taxation year each Accumulated Income Payment received in the year. Each Subscriber further understands that if the person receiving the Accumulated Income Payment: a. is an original Subscriber; or b. has acquired the rights of a Subscriber pursuant to a decree or order of a competent tribunal, or under a written agreement, relating to a division of property between the individual and a Subscriber under the Plan for the settlement of rights as a result of marriage or common- law partnership breakdown;

Tax Treatment of Accumulated Income Payments. There shall be included in computing a Subscriber's income for a taxation year each Accumulated Income Payment received in the year. Each Subscriber further understands that if the person receiving the Accumulated Income Payment: a. is an original Subscriber; or b. has acquired the rights of a Subscriber pursuant to a decree or order of a competent tribunal, or under a written agreement, relating to a division of property between the individual and a Subscriber under the Plan for the settlement of rights as a result of marriage or common- common-law partnership breakdown;

Tax Treatment of Accumulated Income Payments. There shall be included in computing a Subscriber's ’s income for a taxation year each Accumulated Income Payment received in the year. Each Subscriber further understands that if the person receiving the Accumulated Income Payment: a. a) is an original Subscriber; , or b. b) has acquired the rights of a Subscriber pursuant to a decree or order of a competent tribunal, or under a written agreement, relating to a division of property between the individual and a Subscriber under the Plan for the settlement of rights as a result of marriage or common- common-law partnership breakdown;,