Common use of Effect of Failure to Grant Final Approval Clause in Contracts

Effect of Failure to Grant Final Approval. In the event the Court does not enter Judgment in accordance with this Agreement, or such Judgment does not become Final as defined herein, the Parties agree to proceed as follows. The Parties jointly agree to (a) seek reconsideration of the decision denying entry of Judgment, or (b) attempt to renegotiate the settlement and seek Court approval of the renegotiated settlement. In the event any reconsideration is denied, or a mutually-agreed-upon settlement is not approved:

Appears in 1 contract

Samples: Final Settlement Agreement and Release

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Effect of Failure to Grant Final Approval. In the event the Court does not enter Judgment in accordance grant final approval for the parties’ settlement agreement and dismiss the Class and Collective Litigation with this Agreement, or such Judgment does not become Final as defined hereinprejudice, the Parties agree to proceed as follows. The Parties jointly agree to (a) seek reconsideration of the decision denying entry of Judgment, or (b) attempt to renegotiate a mutually agreeable settlement to address the settlement issues raised by the Court and seek Court approval of the renegotiated settlement. In the event any reconsideration is denied, or a mutually-agreed-upon settlement is not approved:

Appears in 1 contract

Samples: www.froedtertwageandhoursettlement.com

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Effect of Failure to Grant Final Approval. In the event the Court does not fails to enter Judgment in accordance with this Agreement, the Final Approval Order or if such Judgment approval does not become Final final as defined contemplated herein, the Parties agree to proceed as follows. The shall resume the Litigation unless the Parties jointly agree to to: (a1) seek reconsideration or appellate review of the decision denying entry Final Approval of Judgment, the Settlement; or (b2) attempt to renegotiate the settlement and seek Court approval of the renegotiated settlement. In the event that any reconsideration or appellate review is denied, or a mutually-mutually agreed-upon settlement is not approved:

Appears in 1 contract

Samples: Joint Stipulation of Settlement and Release

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