T erms of Settlement Sample Clauses

T erms of Settlement. 1. The Employee and Employer agree to fully and finally settle the matter on the following basis: Payment The Employer will pay to the Employee the amount of $7000 gross, taxed as an employment termination payment, in addition to any other monies previously paid to the Employee by the Employer. The amount payable at 1.1 is payment to the Employee for: Unpaid annual leave of $2858.64 Leave loading on the amount at 1.2.1 of $500.26 Payment in lieu of one weeks notice of $664.80 Redundancy pay at agreed amount of $2976.30. The Employer within seven (7) days of the Employee and the Employer signing these terms of settlement will pay the dollar amount specified in this Agreement. T he dollar amount specified in these terms of settlement will be paid by the Employer by electronic funds transfer into the Employee’s nominated financial account Statement of Service The Employer will within seven (7) days of the Employee and the Employer signing this Agreement, provide the Employee with a statement of their service with the Employer, outlining the period of service of the Employee with the Employer, the Employee’s position with the Employer and the Employee’s duties for the Employer. R xxxxxx On the Employer complying with clauses 1.1 to 1.5 above, the Employee releases and forever discharges and releases the Employer, its directors, employees, assignees or successors from any liability past, present or future from all claims, suits, demands, actions or proceedings arising out of or connected with the Employee’s employment with the Employer, including but not limited to the cessation of the employment. The Employer releases and forever discharges and releases the Employee from any liability past, present or future from all claims, suits, demands, actions or proceedings arising out of or connected with the Employee’s employment with the Employer, including but not limited to the cessation of the employment. N othing in the Agreement affects any claims, suits, demands, actions or proceedings the Employee has or may have under statute, an industrial instrument, or common law for a work-related injury, illness, disease or death, or under superannuation legislation. Costs E ach party must pay its own legal costs of and incidental to this Agreement. Confidentiality T he Employee and the Employer will keep the provisions of this Settlement Agreement and Deed of Release confidential, provided that the Employee and the Employer may disclose the provisions to their legal or f...
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T erms of Settlement 
Sample 1

Related to T erms of Settlement

  • TERMS OF SETTLEMENT 26. The Respondent agrees to the following terms of settlement:

  • ADDITIONAL TERMS OF SETTLEMENT 22. This settlement is agreed upon in accordance with section 24.4 of MFDA By-law No. 1 and Rules 14 and 15 of the MFDA Rules of Procedure.

  • Basis of Settlement Unless otherwise provided, the Insurer is not liable beyond the actual cash value of the property at the time any loss or damage occurs and the loss or damage shall be ascertained or estimated according to such actual cash value with proper deduction for depreciation, however caused, and shall in no event exceed what it would then cost to repair or replace the same with material of like kind and quality.

  • Notice of Settlement Each Program Participant and her counsel shall provide the Claims Administrator and Organon’s counsel a copy of a letter or other communication (i) notifying each Governmental Payor identified pursuant to Section 9.01(B)(1) that a claim related to the Program Participant’s alleged use of NuvaRing has settled; and (ii) requesting a written response indicating whether each Governmental Payor holds any interest, including Liens and subrogation interests, related in any way to such Program Participant’s alleged use of NuvaRing and the claimed amount of any such interest.

  • The Settlement The Settlement was reached on May 11, 2018. Class Counsel filed this action on May 10, 2018. Over two years prior to the filing of this action, Class Counsel and Defendant’s Counsel conducted an adversarial informal discovery process. Class Counsel reviewed and analyzed thousands of pages of documents provided by Defendant and also reviewed many other documents, including U.S. Department of Labor Forms 5500 and other publicly available documents. The Parties participated in mediation before a nationally recognized mediator who has extensive experience in resolving similar claims involving other 401(k) plans. Only after six months of extensive arm’s length negotiation following the mediation were the parties able to agree to the terms of the Settlement. As part of the Settlement, a Qualified Settlement Fund of $17,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $17,000,000 minus any Administrative Expenses, taxes, tax expenses, Court-approved Attorneys’ Fees and Costs, Class Representatives’ Compensation, and other approved expenses of the litigation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court. In addition to the monetary component of the Settlement, the Parties to the Settlement have agreed to certain additional terms: (1) During the first eighteen months (18) following the final approval of the Settlement, Defendant has agreed that the Plan’s fiduciaries will conduct a Request for Proposal (“RFP”) process for recordkeeping services to the Plan; (2) Within the first year following final approval of the Settlement, Defendant has agreed to publish a communication to then current Plan participants explaining the risks and benefits of the Plan’s money market fund investment option; (3) Defendant also will use an independent consultant familiar with fixed income investment options in defined contribution plans who will review the investment lineup and make recommendations to the Plan’s fiduciaries regarding whether to retain the money market fund and whether to add a stable value or comparable fund; (4) In addition, during the three- year Settlement period, Defendant has agreed to provide Class Counsel a list of the Plan’s investment options and fees; and (5) In considering investment options for the Plan, Defendant has agreed that the Plan’s fiduciaries will consider: (a) the lowest-cost share class available for any particular mutual fund considered for inclusion in the Plan as well as other criteria applicable to different share classes; (b) the availability of revenue sharing rebates on any share class available for any particular mutual fund considered for inclusion in the Plan; and (c) the availability of collective trusts, to the extent such investments are permissible and are otherwise identical to a particular mutual fund considered for inclusion in the Plan.

  • THE SETTLEMENT BENEFITS What You Get

  • Means of Settlement, Time Periods (1) A dispute between a Contracting Party and an investor of the other Contracting Party shall, if possible, be settled by negotiation or consultation. If it is not so settled, the investor may choose to submit it for resolution:

  • EFFECTIVE DATE OF SETTLEMENT 38. The Effective Date of this Settlement shall be the first business day on which all of the following shall have occurred or been waived:

  • Effective Date of Settlements ‌ Settlements reached at any step of the grievance procedure in this article, other than Clause 8.11, shall be applied retroactively to the date of the occurrence of the action or situation which gave rise to the grievance, but not prior to the effective date of the agreement in effect at the time of the occurrence or the date set by a board of arbitration.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

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