Compromise Settlement Agreement Sample Clauses

Compromise Settlement Agreement. Defendant(s) shall pay Plaintiff the total sum of $ . The timing of said payment shall comply with N.C.G.S. § 97-18. In consideration of this payment, Plaintiff knowingly and intentionally waives the right to further benefits under the NC Workers’ Compensation Act for the injury which is the subject of this agreement, including any right to reimbursement for expenses paid by Plaintiff. Plaintiff and Defendant agree to execute all necessary Forms and/or a standard Compromise Settlement Agreement (“CSA”) which complies with N.C.G.S. § 97-17. Such Forms and/or Agreement shall be prepared by Defendant and submitted to the Commission within the time prescribed by the Commission. The Compromise Settlement Agreement shall include the following: □ Terms and conditions related to any Social Security offset □ Terms and conditions related to any Medicare interest

Compromise Settlement Agreement. PAGE 7 Releasees the greatest protection allowable under the law as to the released claims and, as such, is intended to apply to all claims accruing before or after January 1, 2017 relating to production prior to January 1, 2017 or Royalty on such production, regardless of whether they are known or unknown as of the Effective Date. Notwithstanding the foregoing, it is expressly understood and agreed that the Trust and Trustee are not waiving or releasing, and expressly retain the right to assert, any audit exception related to production on or after January 1, 2017, and Royalty associated with such production, including any such exception based upon the same arguments or positions previously asserted in the Audit Exceptions. All such arguments and positions are fully preserved and retained for any future audit exceptions that may be asserted for audit years beginning January 1, 2017. By way of example, but not by limitation, the Trust and Trustee are retaining all arguments and reserve the right to assert future audit exceptions relating to recurring issues at issue in the Lawsuit such as charges for salt water disposal, planners and schedulers, production optimizers, 24/7 control room operators, and HSE personnel and training. Furthermore, notwithstanding Section I. above and Section IV.J. below, there shall be no prior period adjustments (credits or debits) to Royalty or other payments due to or from the Trust related to production, expenses, costs, assessments or claims made by others that relate to production prior to January 1, 2017, or anything that occurred, whether known or not, prior to January 1, 2017. COMPROMISE SETTLEMENT AGREEMENT – PAGE 8