IRS regulations require that the decision to waive income be irrevocable and made prior to receipt of any of the revenue.
All decisions are irrevocable.
Distribution of Personal Income Share in the Event the Creator Resigns from the University, Retires or Dies. Distribution of Income Waived by the Creator for the Benefit of the Laboratory in the Event that the Creator Resigns from the University, Retires or Dies. The University will, as a general rule, permit the transfer of the income waived to the creator's laboratory, under certain situations, as described below. Scenario 1 . Investigator leaves Washington University for another academic institution .