PROCEDURE FOR APPROVAL OF SETTLEMENT Sample Clauses
The "Procedure for Approval of Settlement" clause outlines the steps that must be followed to obtain formal consent before finalizing any settlement agreement related to a dispute or claim. Typically, this clause specifies who within an organization or among the parties must review and approve the terms of a proposed settlement, and may require written confirmation or a specific approval process before any agreement becomes binding. Its core practical function is to ensure that settlements are not entered into unilaterally or without proper oversight, thereby protecting the interests of all parties and preventing unauthorized or premature resolutions.
PROCEDURE FOR APPROVAL OF SETTLEMENT. Acceptance of this Settlement Agreement shall be sought at a hearing of the Central Regional Council of the MFDA on a date agreed to by counsel for Staff and the Respondent.
PROCEDURE FOR APPROVAL OF SETTLEMENT. 26. Acceptance of this Settlement Agreement shall be sought at a hearing of the Central Regional Council of the MFDA on a date agreed to by counsel for Staff and the Respondent.
27. Staff and the Respondent may refer to any part, or all, of the Settlement Agreement at the settlement hearing. Staff and the Respondent also agree that if this Settlement Agreement is accepted by the Hearing Panel, it will constitute the entirety of the evidence to be submitted respecting the Respondent in this matter, and the Respondent agrees to waive his rights to a full hearing, a review hearing before the Board of Directors of the MFDA or any securities commission with jurisdiction in the matter under its enabling legislation, or a judicial review or appeal of the matter before any court of competent jurisdiction.
28. Staff and the Respondent agree that if this Settlement Agreement is accepted by the Hearing Panel, then the Respondent shall be deemed to have been penalized by the Hearing Panel pursuant to s. 24.1.2 of By-law No. 1 for the purpose of giving notice to the public thereof in accordance with s. 24.5 of By-law No. 1.
29. Staff and the Respondent agree that if this Settlement Agreement is accepted by the Hearing Panel, neither Staff nor the Respondent will make any public statement inconsistent with this Settlement Agreement. Nothing in this section is intended to restrict the Respondent from making full answer and defence to any civil or other proceedings against him.
PROCEDURE FOR APPROVAL OF SETTLEMENT. Acceptance of this Settlement Agreement shall be sought at a hearing of the Pacific Regional Council of the MFDA on a date agreed to by counsel for Staff and the Respondent. MFDA Settlement Hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No. 1 and Rule 15.2(2) of the MFDA Rules of Procedure. If the Hearing Panel accepts the Settlement Agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the Settlement Agreement will be made available at ▇▇▇.▇▇▇▇.▇▇.
PROCEDURE FOR APPROVAL OF SETTLEMENT. 19. Approval of this Settlement Agreement shall be sought at the public hearing of the Commission scheduled for Friday, November 18, 2005, or such other date as may be agreed to by Staff and the Respondents in accordance with the procedures described in this Settlement Agreement.
20. Staff and the Respondents agree that if this Settlement Agreement is approved by the Commission, it will constitute the entirety of the evidence to be submitted respecting the respondents in this matter, and the Respondents agree to waive their rights to a full hearing, judicial review or appeal of the matter under the Act.
21. Staff and the Respondents agree that if this Settlement Agreement is approved by the Commission, neither Staff nor the Respondents will make any public statement inconsistent with this Settlement Agreement.
22. If a Respondent fails to honour the agreement contained in paragraph 21 of this Settlement Agreement, Staff reserve the right to bring proceedings under Ontario securities law against that Respondent based on the facts set out in Part III of this Settlement Agreement or based on the breach of this Settlement Agreement.
23. If, for any reason whatsoever, this Settlement Agreement is not approved by the Commission or an order in the form attached as Schedule “1” is not made by the Commission, each of Staff and the Respondents will be entitled to all available proceedings, remedies and challenges, including proceeding to a hearing of the allegations in the Notice of Hearing and Statement of Allegations, unaffected by this Settlement Agreement or the settlement negotiations.
24. Whether or not this Settlement Agreement is approved by the Commission, the Respondents agree that they will not, in any proceeding, refer to or rely upon this Settlement Agreement or the negotiation or process of approval of this Settlement Agreement as the basis for any attack on the Commission's jurisdiction, alleged bias, appearance of bias, alleged unfairness or any other remedies or challenges that may otherwise be available.
PROCEDURE FOR APPROVAL OF SETTLEMENT. The parties will seek approval of this Settlement Agreement at a public hearing before the Commission, according to the procedures set out in this Settlement Agreement and the Commission’s Rules of Practice.
PROCEDURE FOR APPROVAL OF SETTLEMENT a. Upon execution of the Settlement Agreement by Staff and by the Respondent, Staff will apply to the Commission for an order approving the Settlement Agreement.
b. Prior to the granting of any order, the Respondent shall deposit $24,000.00 in trust with his legal counsel, and shall instruct such counsel to: (1) advise Staff of such deposit; and (2) deliver such funds to Staff upon an order approving the Settlement Agreement.
c. If the Settlement Agreement is approved by the Commission, it will constitute the entirety of the evidence submitted respecting the Respondent in this matter.
d. If the Settlement Agreement is approved by the Commission, the Respondent agrees to waive any right to a hearing and/or appeal with respect to this matter.
e. If, for any reason whatsoever, this settlement is not approved by the Commission and the order set forth in Schedule "A" is not made by the Commission:
i. Staff and the Respondent will be entitled to all available proceedings, remedies and challenges, including proceeding to a hearing, unaffected by the Settlement Agreement or any of the settlement negotiations;
ii. The terms of this agreement will not be referred to in any subsequent proceeding or disclosed to any person, except with the written consent of both Staff and the Respondent or as may be required by law; and
iii. The Respondent further agrees that he will not raise, in any proceeding, the Settlement Agreement or the negotiation or process of approval thereof, as a basis for any attack on the jurisdiction of the Commission.
PROCEDURE FOR APPROVAL OF SETTLEMENT. 29. The parties will seek approval of this Settlement Agreement at the Settlement Hearing before the Commission, which will be held on a date to be determined by the Secretary to the Commission in accordance with this Settlement Agreement and the Commission’s Rules of Procedure, (2017) 40 O.S.C.B. 8988.
30. The Respondent agrees to attend in person or by video or telephone at the Settlement Hearing.
31. The parties confirm that this Settlement Agreement sets forth all of the agreed facts that will be submitted at the Settlement Hearing, unless the parties agree that additional facts should be submitted at the Settlement Hearing. If the Commission approves this Settlement Agreement:
(a) the Respondent waives all rights to a full hearing, judicial review or appeal of this matter under the Act; and
(b) neither party will make any public statement that is inconsistent with this Settlement Agreement or with any additional facts submitted at the Settlement Hearing,
32. Whether or not the Commission approves this Settlement Agreement, the Respondent will not use, in any proceeding, this Settlement Agreement or the negotiation or process of approval of this Settlement Agreement as the basis for any attack on the Commission’s jurisdiction, alleged bias, alleged unfairness, or any other remedies or challenges that may be available.
PROCEDURE FOR APPROVAL OF SETTLEMENT. The parties will seek approval of this Settlement Agreement at a public hearing before the Commission scheduled for February 10, 2016, or on another date agreed to by Commission Staff and CII, according to the procedures set out in this Settlement Agreement and the Commission’s Rules of Procedure.
PROCEDURE FOR APPROVAL OF SETTLEMENT. 39. Approval of this settlement will be sought at a public hearing before the Commission scheduled for a date to be agreed to by Staff and ▇▇▇▇▇▇▇▇▇▇, in accordance with the procedures set out in this settlement agreement and the Commission’s Rules of Practice.
PROCEDURE FOR APPROVAL OF SETTLEMENT. Acceptance of this Settlement Agreement shall be sought at a hearing of the Prairie Regional Council of the MFDA on September 18, 2009.