Common use of Calculation of Settlement Payments Clause in Contracts

Calculation of Settlement Payments. Payments to Current Participants, Former Participants, Beneficiaries, or Alternate Payees, shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows: 1.5.1 The Settlement Administrator shall determine a “Settlement Allocation Score” for each Current Participant, Former Participant, Beneficiary, or Alternate Payee by: (i) determining the year-end account balances of each Current Participant and Former Participant during the Class Period, or, if a Beneficiary or Alternate Payee had a separate account in the Plan during the Class Period, by determining the year-end 1.5.2 If the dollar amount of the settlement payment to a Former Participant, or a Beneficiary or Alternate Payee who does not have an Active Account, is initially calculated by the Settlement Administrator to be $10.00 or less, then that person’s payment shall be $10.00. All such amounts shall be retained in the Settlement Fund for distribution under Paragraph 1.13. 1.5.3 The Plan’s Recordkeeper (or designees) shall provide the necessary data subject to its control as may be reasonably available and necessary to enable the Settlement Administrator to perform the above calculations. 1.5.4 The Settlement Administrator shall utilize the calculations required to be performed herein for: (a) making the required payments to Former Participants, and to Beneficiaries or Alternate Payees who do not have Active Accounts, under Paragraph 1.7 of this Plan of Allocation; and

Calculation of Settlement Payments. Payments to Current Participants, Former Participants, Beneficiaries, or Alternate Payees, shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows: 1.5.1 The Settlement Administrator shall determine a “Settlement Allocation Score” for each Current Participant, Former Participant, Beneficiary, or Alternate Payee by: (i) determining determining, for each year during the year-end account balances of Class Period, whether each Current Participant and Former Participant during the Class PeriodParticipant, or, if a and any Beneficiary or Alternate Payee that had a separate account in the Plan during the Class PeriodPlan, had a positive account balance (determined by determining the year-endthe 1.5.2 If the dollar amount of the settlement payment to a Former Participant, or a Beneficiary or Alternate Payee who does not have an Active Account, is initially calculated by the Settlement Administrator to be $10.00 or less, then that person’s payment shall be $10.00. All such amounts shall be retained in the Settlement Fund for distribution under Paragraph 1.13. 1.5.3 The Plan’s Recordkeeper (or designees) shall provide the necessary data subject to its control as may be reasonably available and necessary to enable the Settlement Administrator to perform the above calculations. 1.5.4 The Settlement Administrator shall utilize the calculations required to be performed herein for: (a) making the required payments to Former Participants, and to Beneficiaries or Alternate Payees who do not have Active Accounts, under Paragraph 1.7 of this Plan of Allocation; and