Full and final settlement definition

Full and final settlement means a settlement in which the injured employee or, if the injured employee is deceased, the employee's estate, surviving spouse or dependent waives any future entitlement to benefits on the claim and any future right to change the claim pursuant to section 23-1044, subsection F or reopen the claim pursuant to section 23-1061, subsection H.
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Full and final settlement means a model in which a consumer credit firm holds money on behalf of its customer and does not distribute that money promptly to creditors, but instead retains the money pending negotiation of a settlement with the customer’s creditors;
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Full and final settlement means a settlement in which the
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Examples of Full and final settlement in a sentence

  • Full and final settlement of the child’s maintenance entitlement may be agreed if it is in the child’s best interests.

  • Full and final settlement paymentsWhere an account is not settled in full, any lesser amount tendered to, and accepted by, the municipality shall not be a full and final settlement of such an account despite the fact that the payment was tendered, in full and final settlement, unless the municipal manager or the manager of the municipality’s authorised agent, expressly accepts it in writing as being in full and final settlement of the account in question.

  • Full and final settlement with last month's pay of an employee would be made within 60 days of last date of employment after relevant adjustment and accounting (if any).

  • During the year Company has paid ` 507.95 Lacs at Net Present Value against the Full and final settlement of the loan liability and differential amount has been credited to Statement of Profit and Loss under the head Other Income as “Gain on Prepayment of Sales Tax Loan”.

  • Full and final settlement agreement was agreed between the parties and settled.

  • Full and final settlement against one tortfeasor does not constitute full and final settlement against all concurrent tortfeasors.

  • Full and final settlement of all claims related to the grievance in AR-2008-471.

  • Full and final settlement of the entire outstanding dues of all the three banks i.e. SBI, BOI and SBICI for a sum of` 1,000 Lacs to be divided proportionately by the banks amongst themselves on the basis of value of charges held by each bank.

  • Subject matter of the contracts envisaged Study: The objective of this action is to provide a baseline mapping on dementia and other neurodegenerative diseases in EU Member States plus EEA and candidate countries.

  • Full and final settlement with the receiver has been reached.• Rehua approaches completion but Hawkins are continuing to experience programme slippage with the UC Project and Consultant Teams providing as much support as possible to assist in coordination and mitigation strategies to protect occupation date of the building by the first week of December.• UCSA Building has experienced some delivery challenges and a reset programme is targeting practical completion in July 2019.


More Definitions of Full and final settlement

Full and final settlement means an agreement ending a dispute or “suit” resulting in settlement and release of all pending claims between the parties.
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Full and final settlement means a model in which the firm holds money on behalf of the customer and does not distribute that money promptly, pending negotiating a settlement with the customer’s lenders;
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Related to Full and final settlement

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Physical Settlement shall have the meaning specified in Section 14.02(a).

  • Daily Settlement Price means the settlement price for a Swap calculated each Business Day by or on behalf of BSEF. The Daily Settlement Price can be expressed in currency, spread, yield or any other appropriate measure commonly used in swap markets.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Individual Settlement Payment means the amount payable from the Net

  • Viatical settlement contract or “contract” means a written agreement entered into between a provider and a viator in which the provider will pay consideration that is less than the expected death benefit of the viator's policy in return for the viator's assignment, transfer, sale, devise, or bequest of the death benefit or ownership of the policy to the provider.

  • Physical Settlement Date means the date specified as such in any Physical Settlement Notice, which shall be not earlier than 10 nor later than 20 Business Days after the date on which the Physical Settlement Notice is given.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;