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Century Indemnity Company 10/5/2025
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Century Indemnity Company 10/5/2025
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Last modified
10/8/2025 1:43:31 PM
Creation date
10/8/2025 1:41:34 PM
Metadata
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Contracts
Contractor's Name
Century Indemnity Company
Approval Date
10/5/2025
Council Approval Date
10/1/2025
End Date
10/5/2025
Department
Legal
Department Project Manager
Tim Benedict
Subject / Project Title
SETTLEMENT AGREEMENT AND SITE RELEASE
Tracking Number
0004977
Total Compensation
$1,311,609.00
Contract Type
Agreement
Contract Subtype
Settlement Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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officers, agents, employees and any other entity that was in the past or is now affiliated with, <br />related to or associated with the Insurers. <br />J. "Insurers' Releasees" means: <br />(i) Insurers; and <br />(ii) each of its present and future, direct and indirect parents, subsidiaries, <br />partners, joint ventures, and affiliates; <br />(iii) the past, direct and indirect parents, subsidiaries, partners, joint ventures, <br />reinsurers, and affiliates of any of the foregoing but only if an entity described in <br />(i) or (ii) above has the power or authority to act on such Person's behalf; <br />(iv) the past, present and future officers, directors, employees, representatives, <br />agents, and/or administrators, members, principals, authorized claims handling <br />agents, attorneys and shareholders of any of the foregoing but only in their capacity <br />as such; and <br />(v) the predecessors, successors and assigns of any of the foregoing. <br />Notwithstanding the foregoing, "Insurers' Releasees" shall not include any Person that is <br />first acquired by, first acquires, or first merges into Insurers (as constituted on the Effective Date) <br />after the Effective Date other than with respect to Claims against such Person under, arising from <br />or relating to Policies issued by Insurers as constituted on or before the Effective Date. <br />K. "Parties" means the City of Everett and Insurers. "Party" means either of the <br />individual Parties. <br />L. "Person" means any natural person, class or group of natural persons, corporation, <br />proprietorship, partnership, association, trust or any other entity or organization, including without <br />limitation, insurance entities, exchanges, "names" or underwriters; and any federal, provincial, <br />
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