Compromise Settlement. Neither the Company nor any of its Subsidiaries shall settle or compromise any pending or threatened claims or arbitrations, other than settlements that involve solely the payment of money (without admission of liability) that would not result in an uninsured payment by or liability of the Company in excess of $100,000 in the aggregate above the reserves established therefor on the books of the Company as of the date hereof.
Appears in 3 contracts
Sources: Merger Agreement (Schulman Robert I), Merger Agreement (Massachusetts Mutual Life Insurance Co), Merger Agreement (Tremont Advisers Inc)