HOW MUCH IS THE CLAIM PROCESS WORTH TO THE CLASS Sample Clauses

HOW MUCH IS THE CLAIM PROCESS WORTH TO THE CLASS. The settlement will provide a fund of $2.3 million that will be used to pay (i) a portion of the costs and expenses associated with the notice and claims administration that exceed $500,000 (New Balance will pay such costs and expenses up to $500,000 separately and in addition to the $2.3 Million fund); (ii) incentive payments of up to $5,000 to each named plaintiff, as ordered by the court; and (iii) valid and approved Claims submitted by Class Members pursuant to the Claim Process. The fund will not be used to pay New Balance’s attorneys’ fees and costs or Class Counsels’ attorneys’ fees and costs.
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