Amount Paid per Claim. Each Settlement Class Member who makes a valid and timely claim will receive a Cash Award. The amount of each Cash Award will be determined by the following formula: (Total Settlement Fund – Settlement Costs) ÷ (Total Number of Approved Claims) = Cash Award. Therefore, the Cash Award for each Settlement Class Member who makes a valid and timely claim is the Settlement Class Member’s pro rata share of the total payments to Settlement Class Members from the Settlement Fund.
Appears in 3 contracts
Samples: Amended Settlement Agreement and Release, Amended Settlement Agreement and Release, Amended Settlement Agreement and Release
Amount Paid per Claim. Each Settlement Class Member who makes a valid and timely claim will shall receive a Cash AwardAward or Awards. The amount of each Cash Award will shall be determined by the following formula: (Total Settlement Fund – Settlement Costs) ÷ (Total Number of Approved Valid and Timely Claims) = Cash Award. Therefore, the Cash Award for each Settlement Class Member who makes a valid and timely claim is the Settlement Class Member’s pro rata share of the total payments to Settlement Class Members from the Settlement FundMembers.
Appears in 3 contracts
Samples: Settlement Agreement and Release, Ettlement Agreement and Release, S Ettlement Agreement and Release
