Distribution of Settlement Awards Sample Clauses

Distribution of Settlement Awards. Provided this Settlement becomes Effective, the Settlement Administrator shall prepare the checks constituting the individual Settlement Awards, including any required withholdings, and shall cause those checks to be mailed to the Participating Settlement Class Members on a proportionate basis as funds are received. Plaintiff may request from the Court that the number distributions to the class be limited to 1, 2 or 3 if necessary for efficiency reasons. The checks constituting the individual Settlement Awards shall be negotiable for a period of 120 days from date of issuance, after which the checks shall become void. Funds from any uncashed Settlement Award checks will be distributed to cy pres in accordance with Section
Sample 1
AutoNDA by SimpleDocs
Distribution of Settlement Awards. Within 30 calendar days after the Effective Date, Settlement Awards shall be mailed by the Settlement Administrator to Settlement Class Members. The Settlement Administrator shall mail, by first class mail, a check to each claiming Settlement Class Member. No skip tracing or re-mailing of returned mail will be required. All checks for Settlement Awards will be valid for 120 calendar days from the date on the check. Any remaining monies from uncashed Settlement Awards may be redistributed in a second distribution to Settlement Class Members who submitted a valid and timely claim. However, if a second distribution would result in less than $5 per qualifying claimant, the remaining monies will instead be donated to the Massachusetts Bar Student Loan Bankruptcy Assistance Project as a Cy Pres Distribution pursuant to Section III(F)(7) below. Any remaining monies from uncashed settlement awards following a second distribution will be donated to the Massachusetts Bar Student Loan Bankruptcy Assistance Project as a Cy Pres Distribution. No monies out of the Fund will revert back to NSL, and no part of a Cy Pres Distribution may be used to pay any attorneys’ fees in the Massachusetts Bar Student Loan Bankruptcy Assistance Project, as agreed by the Parties
Sample 1
Distribution of Settlement Awards. 51. Within 7 days after this Settlement’s Effective Date, Class Counsel will provide a complete list of Claimants to Papa South’s counsel, and an accounting of the amounts of the proposed Settlement Awards to be individually paid to each Claimant in accordance with the formula set out in Paragraph 21 of this Settlement Agreement.
Sample 1
Distribution of Settlement Awards. After the distributions set forth in Section VI(D)(1), there shall be a process to administer the remainder of the Class Fund. This process shall be administered by the Claims Administrator, with payment for the Claims Administrator’s services to be paid from the attorney’s fees provided to the National Association of the Deaf in this Agreement, but not from the Class Fund. The remainder of the funds in the Class Fund shall then be allocated and distributed equally to each Eligible Class Member. Between the Subsumed-Case-Complainant distribution and the distribution of Settlement Awards set forth in this subsection, all individual claims in the Subsumed Individual Complaints shall be fully satisfied. The Department will not be in any way involved in determining who is, or is not, an Eligible Class Member. The Department did not, and will not, have any involvement in determining or distributing the Settlement Award amounts that will be paid to the Subsumed-Case-Complainants and the Eligible Class Members from the Class Fund.
Sample 1
Distribution of Settlement Awards. Within 30 calendar days after the Effective Date, Settlement Awards shall be mailed by the Settlement Administrator to Settlement Class Members. The Settlement Administrator shall mail, by first class mail, a check to each claiming Settlement Class Member. No skip tracing or re-mailing of returned mail will be required. All checks for Settlement Awards will be valid for 120 calendar days from the date on the check. Any remaining monies from uncashed Settlement Awards may be redistributed in a second distribution to Settlement Class Members who submitted a valid and timely claim. If a second distribution would result in less than $5 per qualifying claimant or after a second distribution remaining monies may instead be donated cy pres to an organization(s) approved by the Court or to the Massachusetts IOLTA Committee pursuant to Mass. R. Civ. P. 23(e). No monies out of the Fund will revert back to MOHELA.
Sample 1
Distribution of Settlement Awards 
Sample 1Sample 2Sample 3See All (11)

Related to Distribution of Settlement Awards

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, the Settlement is not approved, or the Effective Date of the Settlement otherwise fails to occur, this Order shall be vacated, rendered null and void, and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Lead Plaintiff, the other Settlement Class Members, and Defendants, and the Parties shall revert to their respective positions in the Action immediately prior to the execution of the Stipulation.

  • Nonqualified Distributions If you do not meet the requirements for a qualified distribution, any earnings you withdraw from your Xxxx XXX will be included in your gross income and, if you are under age 59½, may be subject to an early distribution penalty tax. However, when you take a distribution, the amounts you contributed annually to any Xxxx XXX and any military death gratuity or Servicemembers’ Group Life Insurance (SGLI) payments that you rolled over to a Xxxx XXX, will be deemed to be removed first, followed by conversion and employer-sponsored retirement plan rollover contributions made to any Xxxx XXX on a first-in, first-out basis. Therefore, your nonqualified distributions will not be taxable to you until your withdrawals exceed the amount of your annual contributions, military death gratuity or SGLI payments and your conversions and employer-sponsored retirement plan rollovers.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • The Settlement Fund 37. Releasors shall look solely to the Settlement Fund for settlement and satisfaction of all Released Claims against the DENSO Defendants and the Releasees, and shall have no other recovery against the DENSO Defendants or any other Releasee for any Released Claims.

  • Application of Settlement Agreement 10.1 This Settlement Agreement shall apply to, be binding upon, and inure to the benefit of, CAG and the Releasees and Downstream Releasees identified in Section 2 above.

  • Calculation of Service 25.7 For purposes of calculating continuous service and active service, a year shall be deemed to consist of two hundred and sixty-one (261) working days.

  • Aggregation of Stock All shares of Registrable Securities held or acquired by Affiliates shall be aggregated together for the purpose of determining the availability of any rights under this Agreement and such Affiliated persons may apportion such rights as among themselves in any manner they deem appropriate.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

Time is Money Join Law Insider Premium to draft better contracts faster.