The Commission may provide an amusement gaming licensee with the opportunity to discuss with staff a means of entering into a settlement agreement between the licensee and the Commission by which the violation is settled without a penalty or sanction. A settlement agreement: Shall be signed by an authorized representative of the amusement gaming licensee and the Director or the Director’s designee; and May not be considered final and binding until approved by the Commission. If an amusement gaming licensee violates a term of a settlement agreement, nothing in this regulation shall be construed to prevent the Commission from imposing a penalty or sanction against the licensee for that, or the underlying, violation.