Derivative Claimants definition
Examples of Derivative Claimants in a sentence
In furtherance of the foregoing, Executive agrees on behalf of himself and the Derivative Claimants not to ▇▇▇ or prosecute any matter against any Releasee with respect to any Claim and agrees to hold each Releasee harmless with respect to any such suit or prosecution in contravention of this Section 6.
In furtherance of the foregoing, Executive agrees on behalf of himself and the Derivative Claimants not to sue or prosecute any matter against any Releasee with respect to any ▇▇aim and agrees to hold each Releasee harmless with respect to any such suit or prosecution in contravention of this Section 6.
Executing Derivative Claimants have no direct rights or standing under the Program, and their status under the Program is totally derivative of that of their related Enrolled Program Claimant.
I agree that I and any Derivative Claimants shall execute such instruments, and take such other actions, as Defendants reasonably may request in order to further evidence or implement the same.
I will also cooperate in all reasonable respects with Defendants to seek to stay, and to continue in effect any then outstanding stay with respect to, any pending legal proceedings instituted by me and/or Derivative Claimants against any Released Party in connection with Released Claims, and I will refrain from instituting any new legal action against any Released Party in connection with any Released Claim.
Derivative Claimants include, but are not limited to, my heirs, beneficiaries, surviving spouse (including, but not limied to, a putative or common law spouse), surviving domestic partner and/or next of kin, if any.
In furtherance of the foregoing, Executive further agrees on behalf of himself and the Derivative Claimants to hold each Releasee harmless with respect to any such suit or prosecution in contravention of this Section 7.
I will also cooperate in all reasonable respects with the Philips Defendants to seek to stay, and to continue in effect any then outstanding stay with respect to, any pending legal proceedings instituted by me and/or Derivative Claimants against any Released Party in connection with Released Claims, and I will refrain from instituting any new legal action against any Released Party in connection with any Released Claim.
I also agree that if I am determined or deemed to be a Registered Claimant, or if I exit the settlement program under circumstances such that my Release remains in effect, in furtherance and not in limitation of such Release, any judgment in connection with any Released Claim automatically shall be deemed to have been Released by me and all such Derivative Claimants.
Derivative Claimants who are related to a person who opted out of the Proceedings in accordance with the deadlines set out in section 1(l) above are not entitled to recover under this Settlement Agreement.