- 13 - 7b. The State shall make a cash payment of $4,586,000.00 to Brothers & Associates, Attorneys at Law, which law firm owns an interest in the Final Judgment * * *. * * * * * * * 9. * * * The State shall be the owner of the annuities referred to above, but shall have no authority or ability to amend or decrease any provisions during their respective terms. It is further agreed and understood that the State’s obligations with respect to the annuities described herein are discharged upon funding of the annuities in accordance with this Agreement. * * * * * * * 11. The total cost to the State * * * shall not exceed $13,775,000. * * * 12. It is expressly understood and agreed that the State’s obligations under this agreement are contingent upon approval of a Budget Execution Proposal by the Legislative Budget Board, the Governor, and certification by the Comptroller of Public Accounts that said funds are available. * * * 13. For consideration given herein * * *, the parties hereby agree that upon full funding of the annuity contracts and payments of cash * * *, the parties shall dismiss with prejudice their respective claims against each other in Cause No. 9509704 * * * 14. For the consideration given * * *, Plaintiff * * * hereby releases and forever discharges the State of Texas * * * from any and all liability, actions, claims, demands or suits which Plaintiff has or may have, which Plaintiff could have asserted in the suits referenced in paragraphs 1 and 2, or in any other suit * * *. It is expressly understood and agreed that Plaintiff accepts the consideration herein as full satisfaction of the Final Judgment signed on October 10, 1991 in Cause No. 480,701 * * * and agrees to fully, finally, and forever release, discharge, acquit, and quitclaim said judgment. * * *Page: Previous 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Next
Last modified: May 25, 2011