Common use of Compromise or Settle Claims Clause in Contracts

Compromise or Settle Claims. The Committee may compromise, settle and release claims or demands in favor of or against the Trust or the Committee on such terms and conditions as the Committee may deem advisable, and payment shall be made from the Separate Retiree Account to which the claim or demand relates (or, if the claim or demand relates to more than one Separate Retiree Account, on a basis commensurate with the portion of the claim relating to each Separate Retiree Account).

Appears in 4 contracts

Samples: Trust Agreement, Settlement Agreement (General Motors Co), Settlement Agreement

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