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(f) Earnings from other sources will not serve to
reduce or be offset against any payments or
benefits due to or received by Goeden, Mrs.
Goeden or their estates hereunder.
(g) The above payments may not be reduced,
eliminated or set-off against future claims,
if any, the Credit Union might bring against
Goeden unless and until a final non-
appealable judgment or court order has been
entered against Goeden with respect to such
claim or claims.
4. Goeden will resign as President and terminate his
employment with the Credit Union as of September
15, 1988. Goeden's employment termination will be
recorded as a Board approved early retirement.
Goeden will not seek or accept any future
relationship with the Credit Union as an officer,
director or employee.
The settlement agreement also provided that the credit union
would continue to pay group health and dental insurance for
petitioner and his family until he reached age 65 (he was then
57), and to pay certain premiums on his life insurance. The
credit union agreed to provide petitioner with Medicare
Supplement Insurance after he reached age 65.
The settlement agreement did not allocate the payments
received by petitioner to any particular cause of action.
On September 15, 1988, petitioner and the credit union
signed a general mutual release and statement. In it, petitioner
agreed to discharge from liability the credit union and its
directors and officers for any and all causes of action,
including age discrimination, breach of contract whether express
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Last modified: May 25, 2011