Examples of Individual Settlement Agreement in a sentence
A failure by any Defendant to make any payment required by the Class Settlement Agreement or Individual Settlement Agreement, including any part of its Initial Defendant Payment, shall not affect the validity or enforceability of the Releases as to any Defendant or Releasee, including the defaulting Defendant.
Moreover, Individual Plaintiffs shall agree to indemnify and hold Defendants and Releasees harmless if any governmental taxing authority asserts against any Defendant or other Releasee any claim for unpaid taxes, failure to withhold taxes, penalties, or interest based upon any payment made in connection with this Individual Settlement Agreement.
The ultimate authority whether to sign the Individual Settlement Agreement and Release remains completely with each Person eligible to become an Individual Plaintiff.
This Individual Settlement Agreement does not itself constitute a release of any particular claim of any particular Person eligible to become an Individual Plaintiff.
The Individual Settlement Agreement and Releases shall require that all claims asserted in any court by any Individual Plaintiff Releasor against any Releasee arising out of the Maui Fires must be dismissed with prejudice within ten (10) days after the Initial Payment Due Date.
This Individual Settlement Agreement does not require any Person eligible to become an Individual Plaintiff to settle their Released Claims, and any such Person is free to settle or not settle their Released Claims consistent with the terms of this Individual Settlement Agreement.
All Individual Plaintiffs shall agree to be solely responsible for, and be legally bound to make payment of, any taxes determined to be due and owing (including penalties and interest related thereto) by them to any national, federal, state, local, regional, or any other governmental taxing authority as a result of any payment made in connection with this Individual Settlement Agreement.
The Individual Settlement Agreement and Release shall require that an Individual Plaintiff, on behalf of all of their respective Individual Plaintiff Releasors, expressly, intentionally, voluntarily, fully, finally, irrevocably, and forever releases, discharges, and holds harmless the Releasees from any and all Released Claims and waives, compromises, relinquishes, and settles the Released Claims against Releasees.
Identified Plaintiffs’ Counsel understand, and Individual Plaintiffs must affirm that they understand, that Defendants have not made, and they do not rely upon, any representations regarding the tax treatment of the payments made in connection with this Individual Settlement Agreement.
Liaison Counsel in conjunction with the Individual Settlement Administrator will establish and maintain a public website containing information about the Individual Settlement Agreement.