Distributions From The Cash Fund. After subtracting from the Cash Fund Class Counsel's attorneys' fees and costs (see paragraph 9 hereof), an incentive (service) award payment to the Class Representative (see paragraph 8 hereof), and Administration Costs (as defined in paragraph 2(d) hereof), the remaining amount ("Net Cash Fund") will be divided by the total number of Eligible Settlement Class Members (as defined in paragraph 3 hereof) to determine each Eligible Settlement Class Member's pro-rata share ("Pro-Rata Share"). For purposes of determining the Pro-Rata Share, each Eligible Settlement Class Member will be counted once, and may not receive more than the Pro-Rata Share, regardless of whether they made one or more than one transaction during the Settlement Class period of November 12, 2015 through August 18, 2016 ("Settlement Class Period"). An Eligible Settlement Class Member’s Pro-Rata Share shall not under any circumstances exceed $1,000. Each Eligible Settlement Class Member will be mailed a check in the amount of the Pro-Rata Share, to be paid from the Net Cash Fund. Distribution of settlement checks will begin no earlier than 30 days after the Settlement Date (as defined in paragraph 12 hereof). All settlement checks will be distributed no later than 90 days after the Settlement Date. All settlement checks will have an expiration date stated on them that will be calculated as 180 days from the date the check is issued.
Distributions From The Cash Fund. After subtracting from the Cash Fund Class Counsel's attorney's fees and costs, an enhancement payment to the Class Representative, and Administration Costs, the remaining amount (the "Net Cash Fund") will be divided by the total number of Settlement Class members who submit a valid and timely claim to determine each claiming Settlement Class member's pro-rata share (the "Pro-Rata Share"). In the event the Pro-Rata Share is equal to or exceeds $1,000, each Settlement Class member who submits a valid and timely claim will be mailed a check in the amount of $1,000 (less any applicable backup withholding), to be paid from the Net Cash Fund. In the event the Pro-Rata Share is less than $1,000, each Settlement Class Member who submits a valid and timely claim will be mailed a check in the amount of the Pro-Rata Share (less any applicable backup withholding), to be paid from the Net Cash Fund. Distribution of Settlement checks will begin no earlier than 30 days after the Settlement Date. All Settlement checks will be distributed no later than 60 days after the last day to submit claims for compensation from the Net Cash Fund or the Settlement Date, whichever is later. All Settlement checks will have an expiration date stated on them that will be calculated as 180 days from the date the check is issued.
