Common use of No Punitive Damages Clause in Contracts

No Punitive Damages. By enrolling in the Settlement Program, each Claimant (i) acknowledges that all Settlement Award Payments constitute damages on account of personal injuries or physical injuries or physical sickness within the meaning of Section 104 of the Internal Revenue Code of 1986, as amended, arising from the physical injuries alleged to have resulted from the implantation, use, and/or removal of the Affected Products and/or Qualified Revision Surgery, and no portion of Settlement Award Payments represent punitive or exemplary damages, nor prejudgment or post judgment interest, nor non- physical injuries, and (ii) waives any and all claims for punitive or exemplary damages, interest and non-physical injuries.

Appears in 8 contracts

Samples: Settlement Agreement, Settlement Agreement, Settlement Agreement

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No Punitive Damages. By enrolling in the Settlement Program, each Claimant (i) acknowledges that all Settlement Award Payments constitute damages on account of personal injuries or physical injuries or physical sickness within the meaning of Section 104 of the Internal Revenue Code of 1986, as amended, arising from the physical injuries alleged to have resulted from the implantation, use, and/or removal of the Affected Products and/or Qualified Revision Surgery, and no portion of Settlement Award Payments represent punitive or exemplary damages, nor prejudgment or post judgment interest, nor non- non-physical injuries, and (ii) waives any and all claims for punitive or exemplary damages, interest and non-physical injuries.

Appears in 1 contract

Samples: Settlement Agreement (Stryker Corp)

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No Punitive Damages. By enrolling in the Settlement Program, each Claimant Claimant: (i) acknowledges that all Settlement Award Payments constitute damages on account of personal injuries or physical injuries or physical sickness within the meaning of Section 104 of the Internal Revenue Code of 1986, as amended, arising from the physical injuries alleged to have resulted from the implantation, use, and/or removal of the Affected Products and/or Qualified Revision Surgery, and no portion of Settlement Award Payments represent punitive or exemplary damages, nor prejudgment or post judgment interest, nor non- physical nonphysical injuries, ; and (ii) waives any and all claims for punitive or exemplary damages, interest and non-physical injuries.

Appears in 1 contract

Samples: Settlement Agreement

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