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NUNLEY, TIFFANY, A GUARDIAN AD LITEM FOR PLAINTIFF HAILLEY HALLSTROM
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NUNLEY, TIFFANY, A GUARDIAN AD LITEM FOR PLAINTIFF HAILLEY HALLSTROM
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Last modified
3/31/2017 12:46:28 PM
Creation date
5/31/2016 9:49:34 AM
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Contracts
Company Name
NUNLEY, TIFFANY, A GUARDIAN AD LITEM FOR PLAINTIFF HAILLEY HALLSTROM
Contract #
A-2015-305
Agency
City Attorney's Office
Council Approval Date
12/1/2015
Destruction Year
0
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Nof Pied Assignment and Release Agreement <br />-to A fcord ttce With I tertrtrl Reverraae 0040 Seetlota 130 <br />< I.aluadnt(a } "; Hailley qalistrom by and through her Guardian ad Lltem 'Wary Nunlery, <br />J <br />"Assignor"t <br />City af'garttaArta <br />"Settlement Agreement ", <br />[Data and title ofsetilcmentagrcomcnt,: order or other document embodying the <br />Assignor's Obligation to make the agreed periodic payments] <br />"Assignee": Mutual of omaha Structured Settlement company ( "MOSSCO-) <br />"Anmuity issuer ": lJoited of Omaha Life Insurance Company ("Ytnitad") <br />"Effective Date "''. <br />This Qualified Assignment and Release Agreement is made and catered into as of the Effective Bate by and <br />among the undersigned parties with Micro= to the following, facts. <br />A Claimants) and Assignor tae parties to or are otherwise subject to ar entitled to receive payments under the <br />above - referenced Settlement Agreement, under which Assignor has liability to make certain_ periodic payments <br />to or for the benefit of'Claiment(s) as specified or referred to in paragraph 12 of this Agreement (the "Periodic <br />Payments "'), and I <br />13 Assignor and MOSSC;0 wish to ethot a "qualified ,.asviguateuer within the naonning and subject to lire <br />conditions of Section 00(c) of the Internal kevenue Cock itf IoSFi, as amended '(the "f ride" % <br />Nosy, therefore, 14 t onsideradon of the foregriing and for other good and valuable consideration, the parties agree as <br />follows: <br />I. Assignment and Amamptionq Release Of Assignor, Assignor hereby assigns, to MOBSCO, and MJSSCO <br />hereby accepts and assumes, alt of Assigitor's liability, to make the Periodic Payments, Eagh Claimant hereby <br />accepts and consents to such assignment by Assignor and assumption by MO$SCf3, Iitfectiva nit the Effective <br />Date, each claimant herbytelca*and. discharges Assignor from all IiAjity to make the Peri"at Payments. <br />2. Nature of Periodic Pa) 'Rents. The Periodic Faymenty .constitute <br />i, damages (other thaw i punitive th mages); whether by suitor agreement, or <br />ii. compensation andep a workers' compensation act, <br />on account of personal Mary or sickness In a case involving physieai injury or physical sickness, within the <br />meaning of Sections 130(c) and 104(a) of the Code, <br />3. Extent of MOSSCtp's Liability. MOSSCo's liability to make the Periodic Payments shall be no greater than <br />the liability of Assignor, immediately prior to the Pffective Date. MOSSCO assume$ ntr liability other than the <br />liability to make the Periodi0ayments. MOSSCO's liability to make the Periodic Payments shall be unaffected <br />by any bankruptcy or insolvency of Assignor. <br />4, Qualified Funding Asset. M05SC0 will fund the Periodic Payments by purchasing from United a "qualified <br />funding assct," as defined in Section 130(4) of the Code, in the form of an annuity contract (the "Annuity ") <br />issued by United and providing for payments corresponding .to the :Periodic Payments. MQSSCO shall be <br />IiPD957 Page 1 rf4 0711 <br />1 <br />I <br />
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