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Modern Family fans, rejoice! Cast members Sofia Vergara, Julie Bowen, Jesse Tyler Ferguson, Eric Stonestreet and Ty Burrell have come to a salary agreement with 20th Century Fox. Furthermore, the lawsuit involving the five actors and co-star Ed O'Neill has been dropped.

"We are pleased to report that we have closed new agreements with the six adult cast members of Modern Family," a Fox spokesperson tells E! News. "The lawsuit will be dropped as part of the agreement. Principal photography of season four episodes begins Monday as scheduled."

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E! also caught up with the show's executive producer, Christopher Lloyd, who shared that he is quite pleased an agreement has been reached, but also that he was never really worried.

"We're all sensible," he said. No one wanted it to go into the weekend. They can nash their teeth, both sides can, but they're both sensible enough to say let's finish this by Friday around sunset. They would rather give up more money than an hour by the pool on a Saturday afternoon."

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The lawsuit alleged that the cast members' contracts violate a California law called "The Seven-Year Rule," which says employers can't contract personal services for more than seven years "without the right to change employers or occupations."

Lloyd described the lawsuit and salary negotiations as "a necessary hurdle when you're on a long-running show."

"We're ready to get back to the fun of our job, which is a really fun job," he said.

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