Examples of Settlement Agreement in a sentence
The Settlement Administrator shall provide Class Counsel and Defendants’ Counsel with regular reports at weekly intervals containing information concerning Notice, administration, and implementation of this Settlement Agreement.
If this Agreement is not approved by the Court, or the settlement set forth in this Agreement is terminated or fails to become effective in accordance with its terms, then this Settlement Agreement shall be canceled and terminated subject to Paragraph 6.1 unless Class Counsel and Defendants’ Counsel mutually agree in writing to proceed with this Agreement.
Class Members acknowledge that the Settlement Administrator must report to the IRS (as well as state and local taxing authorities where applicable) the payment made to them under this Settlement Agreement and that it is each Class Member’s individual responsibility to make tax payments on these amounts, if applicable.
No representations, warranties, or inducements have been made to any Party concerning this Settlement Agreement or its exhibits other than the representations, warranties and covenants contained and memorialized in such documents.
If you do nothing, and the Court approves the Settlement, even if you do not file a claim, you will be considered a member of the Settlement Class and you will be bound by all of the Court’s orders and judgments, and your Released Claims against the Released Parties (as described in the Settlement Agreement) will be released.