Former Participants. No Contribution Credits shall be credited to the Account of any Former Participant with respect to any period of time such individual was not a Participant.
Former Participants. In all events, the Settlement Administrator shall complete all payment calculations for all Current Participants by no later than within forty-five (45) calendar days after the Settlement Effective Date. For each Former Participant, the Settlement Administrator will issue a single check from the Qualified Settlement Fund and mail the check to the address on file for such Former Participant or, in the case of ambiguity or uncertainty, to the address of such person as determined by the Settlement Administrator using commercially reasonable means. For each check issued, the Settlement Administrator shall: (i) calculate and withhold any applicable taxes associated with the payments allocable to the Former Participant; (ii) report such payments and remit such tax withholdings to the Internal Revenue Service and applicable state revenue agents; and (iii) issue appropriate tax forms to the Former Participants. No distribution by check will be made of de minimis amounts. Upon issuing the check to the Former Participant, in a letter accompanying such check, the Settlement Administrator shall advise the Former Participant that (i) any distribution in accordance with the Settlement is rollover eligible and of their right to rollover such an amount; and (ii) they alone bear responsibility for complying with any Qualified Domestic Relations Order that may apply to the settlement payment.
Former Participants. (1) Each Former Participant Class Member will have the opportunity to elect a tax-qualified rollover of their Final Entitlement Amount to an individual retirement account or other eligible employer plan, which they have identified on the Former Participant Rollover Form, provided that the Former Participant Class Member’s Final Entitlement Amount is not less than $5.00 and they supply adequate information to the Settlement Administrator to affect the rollover.
