Chemical maker W.R. Grace & Co. said this morning that it would settle thousands of asbestos-related personal injury claims spanning decades.

The settlement includes $250 million that would be put in a trust. It also includes deferred payments of $110 million per year for five years beginning in 2019 and $100 million per year for ten years beginning in 2024.

Grace filed for Chapter 11 bankruptcy in 2001 to protect itself from 135,000 asbestos-related claims spanning decades.