Common use of Lawsuits and Proceedings Clause in Contracts

Lawsuits and Proceedings. Executive represents and warrants that Executive has not filed, nor assigned to others the right to file, nor are there currently pending, any complaints, charges, claims, grievances, or lawsuits against Bank with any administrative, state, federal, or governmental entity or agency or with any court. Executive agrees never to file or pursue a lawsuit or to participate as a class member in any lawsuit, based on any claim released by this Agreement. Executive understands that Executive may file a charge or participate in an investigation or proceeding conducted by an agency of the United States Government or of any state. Executive further agrees that Executive will not seek personal recovery as a result of any charge or litigation based on claims released herein and hereby waives any right to personal recovery for claims filed on Executive’s behalf.

Appears in 3 contracts

Samples: Executive Employment Agreement (Crescent Financial Corp), Executive Employment Agreement (Crescent Financial Corp), Executive Employment Agreement (Crescent Financial Corp)

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Lawsuits and Proceedings. Executive represents and warrants that Executive has not filed, nor assigned to others the right to file, nor are there currently pending, any complaints, charges, claims, grievances, or lawsuits against Bank Employer with any administrative, state, federal, or governmental entity or agency or with any court. Executive agrees never to file or pursue a lawsuit or to participate as a class member in any lawsuit, based on any claim released by this Agreement. Executive understands that Executive may file a charge or participate in an investigation or proceeding conducted by an agency of the United States Government or of any state. Executive further agrees that Executive will not seek personal recovery as a result of any charge or litigation based on claims released herein and hereby waives any right to personal recovery for claims filed on Executive’s behalf.

Appears in 2 contracts

Samples: Executive Employment Agreement (Crescent Financial Corp), Executive Employment Agreement (Crescent Financial Corp)

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