Common use of Required Notice of All Claims and Statute of Limitations Clause in Contracts

Required Notice of All Claims and Statute of Limitations. Employer and Employee agree that the aggrieved party must give verbal notice of any claims to the other party within forty-eight (48) hours of the occurrence giving rise to the claim; otherwise, the claim shall be void and deemed waived even if there is a federal or state statute of limitations which would have given more time to pursue the claim. Employee shall give such verbal notice to one of the persons designated for receipt of same in Employer's applicable policy. Employee shall follow up such verbal notice with written notice within five (5) days of the giving of verbal notice. The written notice shall identify and describe the nature of all claims asserted and the facts upon which such claims are based. If Employee is aware of the occurrence of an event which may give rise to a claim by another employee, Employee shall give notice of the occurrence to the appropriate persons in accordance with this paragraph.