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SETTLEMENT AND RELEASE AGREEMENT SETTLEMENT AND RELEASE AGREEMENT

SETTLEMENT AND RELEASE AGREEMENT SETTLEMENT AND RELEASE AGREEMENT 2025

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The Settlement and Release Agreement, dated December 13, 2011, involves the Federal Deposit Insurance Corporation (FDIC) as the receiver for Washington Mutual Bank and several defendants including former directors and officers of the bank. The agreement outlines a settlement to resolve claims against the defendants related to their conduct while serving in their roles at the bank. The defendants agree to make cash payments totaling approximately $40 million to the FDIC, which will be funded through various insurance policies. In exchange, the FDIC releases its claims against the defendants upon receipt of these payments. The agreement also includes provisions for dismissing ongoing litigation and stipulations regarding future claims and liabilities.

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Click ‘Get Form’ to open the SETTLEMENT AND RELEASE AGREEMENT in the editor.
Begin by filling in the date at the top of the document. This is crucial as it establishes the timeline for the agreement.
Identify and enter the names of all parties involved, including both Plaintiffs and Defendants. Ensure accuracy to avoid any legal complications.
Proceed to Section I, where you will input payment details. Clearly specify amounts for each party's payment obligations as outlined in the agreement.
In Section II, confirm that all parties agree to file a joint stipulation for dismissal of litigation. This section requires signatures from all parties involved.
Review Sections III through VIII carefully, ensuring that all necessary releases and acknowledgments are correctly filled out according to your understanding of the agreement.
Once completed, utilize our platform’s signing feature to securely sign and distribute the document electronically for free.

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Does a settlement release need to be signed by both parties?

What is the main difference between a Full Release Settlement and a No Release Settlement? In a Full Release Settlement, the claimant signs a release form giving up the right to additional indemnification; in a No Release Settlement, the claimant does not sign a release form.

What is a release clause in a settlement agreement?

As part of the settlement, the general release clause stated that the agreement was full and final settlement of all or any Claims which the parties have, or could have had, against each other (whether in existence now or coming into existence at some time in the future, and whether or not in the contemplation of the

What is the purpose of a settlement agreement?

Settlement agreements are normally used to bring an employment relationship to an end in a mutually agreed way. They are often used in situations where an employer and employee feel that their employment relationship is no longer working and a clean break is the best way forward.

Should I agree to a settlement agreement?

However, its almost always a good idea to carefully consider what you are being offered by your employer in order to allow you to make an informed decision about how to proceed: consider what you want out of the situation; whether you would be prepared to go back to your job if you reject the settlement agreement; and

What is a settlement and release agreement?

A settlement release, also known as a release of all claims, is a legal document that outlines the terms and conditions of the settlement agreement between the injured party (the claimant) and the party responsible for the injury (the tortfeasor).