Full and final settlement definition

Full and final settlement means a settlement in which the injured employee or, if the injured employee is deceased, the employee's estate, surviving spouse or dependent waives any future entitlement to benefits on the claim and any future right to change the claim pursuant to section 23‑1044, subsection F or reopen the claim pursuant to section 23‑1061, subsection H.
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Full and final settlement means a model in which a consumer credit firm holds money on behalf of its customer and does not distribute that money promptly to creditors, but instead retains the money pending negotiation of a settlement with the customer’s creditors;
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Full and final settlement means a settlement in which the
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Examples of Full and final settlement in a sentence

  • Full and final settlement with last month's pay of an employee would be made within 60 days of last date of employment after relevant adjustment and accounting (if any).

  • I confirm that paragraphs 11(d) (i), (iii), (iv) and (vi) (Full and final settlement) of the Settlement Agreement are accurate.

  • This Settlement Agreement is entered into by the Company for itself and in trust for each member of the Group and for those persons listed in paragraph 11(a) (Full and final settlement) with the intention that each member of the Group or person will be entitled to enforce it directly against you.

  • Full and final settlement will be made within 45 days’ after the submission of no-dues (NOC).

  • Full and final settlement will be made within 3 months after the submission of no-dues (NOC).


More Definitions of Full and final settlement

Full and final settlement means an agreement ending a dispute or “suit” resulting in settlement and release of all pending claims between the parties.
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Full and final settlement means a model in which the firm holds money on behalf of the customer and does not distribute that money promptly, pending negotiating a settlement with the customer’s lenders;
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Related to Full and final settlement

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Final Settlement Date has the meaning set forth in Section 2.4(c).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.