Common use of Defendant’s Option to Terminate Clause in Contracts

Defendant’s Option to Terminate. Defendant shall retain the right, in the exercise of its sole discretion, to nullify the Settlement if ten percent (10%) or more of the Class Members make a valid request to be excluded from the Settlement. If Defendant exercises this option to nullify the Settlement, Defendant shall pay for all of the third-party administrator’s costs incurred up to the point of Defendant’s notification of nullification of the Settlement. The Parties agree to an opt-out/objection period of thirty (30) days.

Defendant’s Option to Terminate. Defendant shall retain the right, in the exercise of its sole discretion, to nullify the Settlement if ten five percent (105%) or more of the Class Members make a valid request to be excluded from the Settlement. If Defendant exercises this option to nullify the Settlement, Defendant shall pay for all of the third-party administrator’s costs incurred up to the point of Defendant’s notification of nullification of the Settlement. The Parties agree to an opt-out/objection period of thirty (3045) days.

Defendant’s Option to Terminate. Defendant Defendants shall retain the right, in the exercise of its sole discretion, to nullify the Settlement if ten five percent (105%) or more of the Class Members make a valid request to be excluded from the Settlement. If Defendant exercises Defendants exercise this option to nullify the Settlement, Defendant Defendants shall pay for all of the third-party administrator’s costs incurred up to the point of Defendant’s Defendants’ notification of nullification of the Settlement. The Parties agree to an opt-out/objection option to terminate period of thirty (30) days.days from the date Defendants are notified of the number of requests to