Common Contracts

PREAMBLE

Preamble • September 27th, 2023 • New York

• Contract Type
  Preamble
• Filed
  September 27th, 2023
• Jurisdiction
  New York

This Settlement Agreement and Release (the “Agreement”) is entered into by and among plaintiffs Michael Lee and Marnetta Broyld (“Named Plaintiffs”) and all those on whose behalf they are prosecuting this action (each of them a “Plaintiff” and all of them “Plaintiffs”), on the one hand, and defendant The Canandaigua National Bank and Trust Company, sued as Canandaigua National Bank & Trust (“Defendant” or “CNB”), on the other hand, as of the date executed below, in full and final settlement of the action currently pending in the New York State Supreme Court, Monroe County, entitled Michael Lee v. Canandaigua National Bank & Trust, Index No. E202105065 (the “State Court Action”), subject to Final Approval, as defined below, by the Court. All references in this Agreement to a “Party” or the “Parties” shall refer to a party or the parties to this Agreement.