- 11 - Katherine and Damian. Pursuant to the settlement agreement, the parties agreed that Maritz Inc. would redeem the Hobler family voting shares for about $65 million and would settle any and all claims of Katherine and Damian (including any claims arising from the termination of the vendor/customer relationship between Maritz Inc. and Katherine, Damian, or First Capitol) for $750,000, to be paid “to the Persons and in the amounts set forth on Schedule III”.3 Schedule III to the settlement agreement 3 Sec. 11.03 of the settlement agreement (wherein Maritz Inc. is referred to as Maritz) provides in relevant part: Upon receipt of the sum of $750,000 to be paid by Maritz * * * to the Persons and in the amounts set forth on Schedule III hereto * * *, and for other good and valuable consideration the receipt of which hereby is acknowledged, the Sellers, Jean Maritz Hobler, Wells A. Hobler, Katherine A. Hobler, Leigh Hobler Gerard and Damian Gerard (the “Releasing Parties”) and each of them, hereby release and forever discharge each member of the William E. Maritz Family, Maritz * * * and each past, present and future officer, director, shareholder, employee and agent of Maritz (collectively the “Released Parties”) from any and all manner of claims, demands, damages, losses, expenses, causes of action, debts, liabilities, controversies, judgments and suits of every kind and nature whatsoever, foreseen, unforeseen or unforeseeable, known or unknown, resulting or to result, now known or which may hereafter be discovered, which the Releasing Parties and each of them, now or in the future may have or hold or at any time heretofore had or held against the Released Parties, or any of them, resulting from or arising out of or in connection with or based on any facts, causes, matters or things existing from the beginning of the world, to the time of consummation of the Initial Closing, including by way of enumeration and not in limitation hereof, all causes, matters or things arising out of or in connection with (a) (continued...)Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011