Administration of Settlement Fund. The Settlement Fund will be placed in a Qualified Settlement Fund, intended by the Parties to be a “Qualified Settlement Fund” as described in Section 468B of the Internal Revenue
Administration of Settlement Fund. The Settlement Fund will be placed in an account titled in the name of CWM Financial Advisors Settlement Fund, a Qualified Settlement Fund, intended by the Parties to be a “Qualified Settlement Fund” as described in Section 468B of the Internal Revenue Code of 1986, as amended, and Treas. Reg. Section 1.468B-1, et seq.
Administration of Settlement Fund. The Settlement Fund will be placed in an account titled in the name of Vee Pak Settlement Fund, a Qualified Settlement Fund, intended by the Parties to be a “Qualified Settlement Fund” as described in Section 468B of the Internal Revenue Code of 1986, as amended, and Treas. Reg. Section 1.468B-1, et seq. At the time the Claims Administrator is directed by Order of the Court to distribute the Vee Pak Settlement Fund, the Claims Administrator shall: (1) calculate, withhold, remit, and report the employer’s and each Claimant’s share of applicable payroll taxes in connection with the Settlement Payment; (2) satisfy all tax reporting, return, and filing requirements with respect to the Settlement Account and interest or other income earned by the Settlement Account as detailed in Section VII.F. below; and (3) satisfy out of the Settlement Account all taxes (including estimated taxes, interest, or penalties) with respect to the interest or other income earned by the Settlement Account, fees, expenses, and costs incurred in connection with the opening and administration of the Agreement as Administrative Costs. The Parties and the Claims Administrator shall elect to treat the Settlement Account as coming into existence as a Qualified Settlement Fund on the earliest date set forth in 26 C.F.R. § 1.468B-1(j)(2)(i), and such election statement shall be attached to the appropriate returns as required by 26 C.F.R. § 1.468B- 1(j)(2)(ii). The Parties agree to cooperate with the Claims Administrator and one another as necessary to effectuate the terms of this Agreement.
Administration of Settlement Fund. A. RESPONSIBILITY. Lead Counsel shall be responsible for supervising the administration of the Settlement and the Settlement Fund pursuant to the terms of this Stipulation and under the supervision of the Court. Except for its obligation to cooperate to the extent practicable in the production of information with respect to the identification of Class Members from Homestore's shareholder transfer records, as provided herein, and apart from paying the Costs of Notice, neither Homestore nor its counsel shall have any liability, obligation or responsibility for the administration of the Settlement and Settlement Fund, the allocation of the Settlement proceeds, or the review or challenging of claims of Members of the Class. The allocation of Settlement proceeds among Class Members shall be subject to a reasonable plan of allocation proposed by Lead Counsel and approved by the Court. Such plan of allocation is a matter separate and apart from the proposed Settlement between Plaintiffs and Homestore, and any decision by the Court concerning the plan of allocation shall not affect the validity of finality of the proposed Settlement.
Administration of Settlement Fund. The Settlement Fund will be placed in an account titled in the name of the PSG Settlement Fund, a Qualified Settlement Fund, intended by the Parties to be a “Qualified Settlement Fund” as described in Section 468B of the Internal Revenue Code of 1986, as amended, and Treas. Reg. Section 1.468B-1, et seq. At the time the Claims Administrator is directed by Order of the Court to distribute the PSG Settlement Fund, the Claims Administrator shall: (1) calculate, withhold, remit, and report the employer and each Claimant’s share of applicable payroll taxes in connection with the Settlement Payment; (2) satisfy all tax reporting, return, and filing requirements with respect to the Settlement Account and interest or other income earned by the Settlement Account as detailed in Section VI.E. below; and (3) satisfy out of the Settlement Account all taxes (including estimated taxes, interest, or penalties) with respect to the interest or other income earned by the Settlement Account, fees, expenses, and costs incurred in connection with the opening and administration of the Settlement Agreement as Administrative Costs. The Parties and the Claims Administrator shall elect to treat the Settlement Account as coming into existence as a Qualified Settlement Fund on the earliest date set forth in 26 C.F.R. § 1.468B-1(j)(2)(i), and such election statement shall be attached to the appropriate returns as required by 26 C.F.R. § 1.468B-1(j)(2)(ii). The Parties agree to cooperate with the Claims Administrator and one another as necessary to effectuate the terms of this Settlement Agreement.
Administration of Settlement Fund. The Settlement Fund will be placed in an account titled in the name of the El Guero de Crest Hill Settlement Fund, a Qualified Settlement Fund, intended by the Parties to be a “Qualified Settlement Fund” as described in Section 468B of the Internal Revenue Code of 1986, as amended, and Treas. Reg. Section 1.468B-1, et seq. At the time the Claims Administrator is directed by Order of the Court to distribute the El Guero de Crest Hill Settlement Fund, the Claims Administrator shall: (1) satisfy all tax reporting, return, and filing requirements with respect to the Settlement Awards and the Settlement Account and interest or other income earned by the Settlement Account as detailed in Section VII.E. below; and (2) satisfy out of the Settlement Account all taxes (including estimated taxes, interest, or penalties) with respect to the interest or other income earned by the Settlement Account, fees, expenses, and costs incurred in connection with the opening and administration of the Agreement as Administrative Costs. The Parties and the Claims Administrator shall elect to treat the Settlement Account as coming into existence as a Qualified Settlement Fund on the earliest date set forth in 26 C.F.R. § 1.468B-1(j)(2)(i), and such election statement shall be attached to the appropriate returns as required by 26 C.F.R. § 1.468B- 1(j)(2)(ii). The Parties agree to cooperate with the Claims Administrator and one another as necessary to effectuate the terms of this Agreement.
