Common use of Compromise of Disputed Claims Clause in Contracts

Compromise of Disputed Claims. The Parties acknowledge that this is a compromise and settlement and that this Severance Benefit is to provide severance compensation to Executive and to avoid the potential expense and inconvenience of litigation, and that neither party admits any liability with respect to the foregoing, and in fact, each party expressly denies liability with respect thereto. In no event shall anything contained herein be construed as an admission of liability on the part of any of the parties hereto or any other persons released from liability herein.