- 12 - I * * * understand and agree that the full amount of this payment will be applied to the amount of a negotiated settlement, if any, or to any final judge- ment that may be entered with respect to my * * * claims. I * * * UNDERSTAND AND AGREE THAT THIS IS NEITHER A RELEASE ON MY * * * CLAIM NOR AN ACKNOWLEDGEMENT OF LIABILITY BY E. I. DUPONT DE NEMOURS & COMPANY, INC. Neither the $50,000 assistance payment that Mr. Henry received from du Pont in 1991 nor the $150,000 assistance payment that he received from du Pont in 1992 was evidenced by a prom- issory note. Neither of those assistance payments was contingent upon the pledging of security, and neither of them had any terms of repayment. No interest accrued on the respective assistance payments that du Pont paid Mr. Henry in 1991 and 1992. When Mr. Henry received the respective assistance payments from du Pont in 1991 and 1992, he was unemployed and was re- ceiving no income. Mr. Henry was never informed that he was re- quired to repay those assistance payments. At an undisclosed time prior to March 19, 1992, Mr. Henry submitted to Crawford a claim against du Pont as a result of his use of Benlate in the total amount of $2,721,700, which consisted of lost past and future sales, lost inventory, liability to customers pursuant to Florida law, and miscellaneous costs. By letter to Mr. Henry dated March 19, 1992, Crawford proposed on behalf of du Pont a settlement with respect to that claim in thePage: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
Last modified: May 25, 2011