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Docusign Envelope ID:E0A64A9A-03B0-4CEE-A16A-835A05595EAC <br /> No Claimant or Successor Payee shall have the power to effect any Transfer of Payment Rights except as provided in <br /> sub-paragraph (ii)above,and any other purported Transfer of Payment Rights shall be wholly void. If Payment Rights <br /> under this Agreement become the subject of a Transfer approved in accordance with sub-paragraph (ii) above the rights <br /> of any direct or indirect transferee of such Transfer shall be subject to the terms of this Agreement and any defense or <br /> claim in recoupment arising hereunder. <br /> 8. Contingent Beneficiaries. Any Periodic Payments to be made after the death of any Claimant or Successor Payee shall <br /> be made to such party as shall have been designated in, or in accordance with, the Settlement Agreement or, if the <br /> Settlement Agreement does not provide for such designation, then to the party designated in conformity with this <br /> paragraph 8. Any party so designated is referred to in this Agreement as a"Contingent Beneficiary." If no Contingent <br /> Beneficiary is living at the time of the death of a Claimant or Successor Payee, payment shall be made to the decedent's <br /> estate. As used in this agreement the term"Successor Payee"refers to a Contingent Beneficiary or an estate that has <br /> become entitled to receive Periodic Payments following the death of a Claimant or a Successor Payee. Except as <br /> otherwise provided in the Settlement Agreement, no designation or change of designation of a Contingent Beneficiary <br /> shall be effective unless such change (i) is requested in a written request submitted to Assignee (or its authorized agent) in <br /> accordance with Assignee's customary procedures for processing such requests; and(ii) is confirmed by Assignee(or its <br /> authorized agent). Except for a designation that is expressly identified in the Settlement Agreement as irrevocable, any <br /> designation of a Contingent Beneficiary shall be deemed to be revocable; and no party that is designated as a Contingent <br /> Beneficiary(other than a party irrevocably designated as a Contingent Beneficiary in the Settlement Agreement) shall, <br /> solely by virtue of its designation as a Contingent Beneficiary, be deemed to have any cognizable interest in any Periodic <br /> Payments. <br /> Note: Beneficiaries section only applies to guaranteed benefits(Period Certain, Lump Sum(s), Life with Certain <br /> payments). <br /> 9. Failure of Settlement Agreement. If at any time prior to completion of the Periodic Payments,the Settlement Agreement <br /> is declared terminated in a final, non-appealable order of a court of competent jurisdiction (or in the case of a workers' <br /> compensation settlement, a final order of the applicable workers' compensation authority): (i)the assignment by Assignor <br /> to Assignee of the liability to make the Periodic Payments, and Assignee's acceptance of such assignment shall be of no <br /> force or effect; (ii)Assignee shall be conclusively deemed to be acting as the agent of Assignor; (Hi)the Annuity shall be <br /> owned by Assignor; (iv)Assignee shall have no liability to make any Periodic Payments;and(v)the parties hereto agree <br /> to cooperate in taking such actions as may be necessary or appropriate to implement the foregoing. <br /> Failure to Satisfy Section 130(c). If at any time prior to completion of the Periodic Payments, it is conclusively <br /> determined that the requirements of Section 130(c) of the Code have not been satisfied in connection with this Agreement <br /> in a final, non-appealable ruling or order: (i)the assignment by Assignor to Assignee of the liability to make the Periodic <br /> Payments,Assignee's acceptance of such assignment shall be of no force or effect; (ii)Assignee shall be conclusively <br /> deemed to be acting as the agent of Assignor; (iii)the Annuity shall be owned by Assignor,which shall retain the liability to <br /> make the Periodic Payments; (iv)Assignee shall have no liability to make any Periodic Payments; and(v)the parties <br /> hereto agree to cooperate in taking such actions as may be necessary or appropriate to implement the foregoing. <br /> 10. Governing Law; Disclosure of Certain Tax Information; Binding Effect. <br /> (i) This agreement shall be governed by and interpreted in accordance with the internal laws of the <br /> State of California; provided, however,that any Transfer of Payment Rights under this Agreement may be <br /> subject to the laws of other states in addition to the state designated above. <br /> (ii) This Agreement shall be binding upon the parties hereto and their respective successors, heirs, executors, <br /> administrators and permitted assigns, including without limitation any party asserting an interest in Payment Rights. <br /> PL QAR Page 3 of 6 v2023 <br />