Nortel Networks Corporation, November 10, 2017
November 10, 2017
A letter has been mailed out to Compensation Creditors with respect to Qualifying Retroactive Lump-Sum Payment (“QRLSP“) forms for certain qualifying Compensation Claims. The letter provides details of a webinar that Representative Counsel and the Monitor will be hosting to provide further information on which Compensation Claims may be entitled to a QRLSP calculation. QRLSP forms will be sent out by Nortel with respect to distributions received in July 2017 and will not affect future distributions.
Please note that while you may receive a QRLSP form for your compensation claims, Morneau Shepell may also be sending you a separate QRLSP form for retroactive pension amounts. The letter that was sent to Compensation Creditors by Koskie Minsky does not address the QRLSP form from Morneau Shepell. You may qualify for a QRLSP form from Morneau Shepell with respect to your registered pension benefits and should contact them directly if you have any questions regarding your calculation.
The webinar will be held on December 7, 2017 at 10 a.m. (Toronto time) in English and at 2 p.m. (Toronto time) in French.
The webinar on December 7, 2017 can be accessed in two ways:
- Live Web (with audio) Presentation: Please access the webinar at the link provided below. You do not need to register for the webinar online but please ensure you don’t have any issues accessing the link at least a few days before the live webinar you would like to attend. Archived versions of the webinars will be posted 48 hours after the live webinar and will be available for a year after the presentation. [LINKS NO LONGER AVAILABLE]
a) December 7, 2017 at 10 am in English: http://bell.media-server.com/m/p/pwdxrsgx
b) December 7, 2017 at 2 pm in French: http://bell.media-server.com/m/p/2hggysjw
2. Telephone attendance: If you do not have access to a computer with internet, a dial-in audio-only option is available. You can sign up for this option by leaving a message on Koskie Minsky’s toll free hotline at 1-866-777-6344 with your name, telephone number, and by mentioning that you wish to participate in the webinar by telephone. A Koskie Minsky representative will call you back to provide you with details. Please register by noon on December 5, 2017 to ensure a representative can call you back in time with the information.
Please review the FAQ and attend the webinar before contacting Representative Counsel with your questions. Please note that Representative Counsel and the Monitor are not providing advice on whether a QRLSP will be useful to you as it will depend on your personal financial circumstances. Please seek advice from your tax advisor.