Examples of Settlement Payment in a sentence
It is understood and agreed that Claimant is responsible for the payment of any taxes, liens, attachments and/or any charges associated with, against, and/or related to the Settlement Payment.
Each Party irrevocably consents to the exclusive jurisdiction and the exclusive venue of the United States District Court for the Southern District of New York to enforce the terms of this Settlement Agreement and to resolve all disputes hereunder, including without limitation a breach of contract dispute based on Respondents failure to timely and fully pay the Settlement Payment.
As a part of the consideration for the Settlement Payment, the Parties agree to keep the terms of this Settlement Agreement, the Arbitration, the Arbitration Award, and the Action strictly confidential, except to the extent already publicly known and except as provided herein, and not to communicate same unless compelled to do so pursuant to a valid court order, or 5 otherwise required by law, including in response to a valid subpoena or other lawful process, or regulatory or licensing authority.
The Settlement Payment is a gross payment that may be subject to applicable taxes and tax withholdings.