The nearly two-year litigation between three-time Tour de France winner Greg LeMond and Trek Bicycle Co., has been resolved. The agreement includes Trek making two payments a year of $100,000 each to the charity 1in67.org.

Trek and LeMond each alleged breach of a licensing contract that allowed Trek to use the LeMond name on its bikes for more than a decade. Trek announced in 2008 it was ending the agreement and stopped manufacturing the bikes.

Trek charged LeMond devalued the brand, in part by alleging that Trek-sponsored Lance Armstrong was a doper. The bike company also said LeMond abused his free and discounted bike privileges.

LeMond charged Trek did not market the bike brand sufficiently.

Last December, a federal judge rejected requests from each side to dismiss the case, and granted each minor defeats and victories in the case. Following the latest decision, Trek president John Burke and LeMond issued statements:

Said Burke: “Greg has a hard-won place in the Pantheon of bicycle racing, and we are proud of what we were able to accomplish together. Trek respects Greg’s efforts and commitment to the charitable foundation, 1in6.org, and Trek is pleased to lend its support to that very worthwhile endeavor.”

Said LeMond: “I am pleased to resolve the issues between Trek and myself and am happy to be able to move forward with the things important in my life. I appreciate Trek’s support for the work of 1in6.org. I take deep satisfaction in this resolution and believe it will have a positive impact on those that can benefit most from the purpose of 1in6.org.