How Much Will. My Distribution Be?
How Much Will. My Payment Be?
How Much Will. My Distribution Be?
1. The Settlement Administrator shall allocate 25% of the Net Settlement Amount to Authorized Former Participants and Current Participants in equal shares for every quarter during the Class Period in which they had a positive Plan account balance on the last day of the quarter.
How Much Will. My Distribution Be?
A. For each Class Member, the Settlement Administrator shall determine an Average Qualifying Account Balance, defined as follows: Each Class Member’s average, aggregate quarter-ending account balance invested in The Northern Trust Focus Funds for the period of June 1, 2015, to September 22, 2021.1
B. The Settlement Administrator shall then determine each Class Member’s Entitlement Amount by calculating each individual’s pro rata share of the Net Settlement Amount, based on their Average Qualifying Account Balance compared to the sum of all Class Members’ Average Qualifying Account Balances.
C. If the Final Entitlement Amount of the settlement payment to a Former Participant is calculated by the Settlement Administrator to be less than $10.00, then that Former Participant’s pro rata share of the Net Settlement Amount shall be zero for all purposes. The Settlement Administrator shall then remove any Former Participants whose Final Entitlement Amount was less than $10.00 and repeat the calculation outlined in Article 5.2 with the remaining Class Members.
D. The total of all Final Entitlement Amounts may not exceed the Net Settlement Amount. In the event that the Settlement Administrator determines that aggregate monetary payment pursuant to the Plan of Allocation would exceed the Net Settlement Amount, the Settlement Administrator is authorized to make such pro rata changes as are necessary to ensure that the aggregate monetary payment pursuant to the Plan Of Allocation does not exceed the Net Settlement Amount. There are approximately 14,000 Class Members.
How Much Will. My Distribution Be?
A. For each Class Member, the Settlement Administrator shall determine an Average Qualifying Account Balance, defined as follows: Each Class Member’s average, aggregate quarter-ending account balance invested in The Northern Trust Focus Funds for the period of June 1, 2015, to September 22, 2021.1
B. The Settlement Administrator shall then determine each Class Member’s Entitlement Amount by calculating each individual’s pro rata share of the Net Settlement Amount, based on their Average Qualifying Account Balance compared to the sum of all Class Members’ Average Qualifying Account Balances.
C. If the Final Entitlement Amount of the settlement payment to a Former Participant is calculated by the Settlement Administrator to be less than $10.00, then that Former Participant’s pro rata share of the Net Settlement Amount shall be zero for all purposes. The Settlement Administrator shall then remove any Former Participants whose Final Entitlement Amount was less than $10.00 and repeat the calculation outlined in Article 5.2 with the remaining Class Members.
D. The total of all Final Entitlement Amounts may not exceed the Net Settlement Amount. In the event that the Settlement Administrator determines that aggregate monetary payment pursuant to the Plan of Allocation would exceed the Net Settlement Amount, the Settlement Administrator is authorized to make 1 Mathematically stated, the Average Qualifying Account Balance shall be calculated as follows: (Q3 2015 Account Balance) + (Q4 2015 Account Balance) + (Q1 2016 Account Balance) + (Q2 2016 Account Balance) + (Q3 2016 Account Balance) + (Q4 2016 Account Balance) + (Q1 2017 Account Balance) + (Q2 2017 Account Balance) + (Q3 2017 Account Balance) + (Q4 2017 Account Balance) + (Q1 2018 Account Balance) + (Q2 2018 Account Balance) + (Q3 2018 Account Balance) + (Q4 2018 Account Balance) + (Q1 2019 Account Balance) + (Q2 2019 Account Balance) + (Q3 2019 Account Balance) + (Q4 2019 Account Balance) + (Q1 2020 Account Balance) + (Q2 2020 Account Balance) + (Q3 2020 Account Balance) + (Q4 2020 Account Balance) + (Q1 2021 Account Balance) + (Q2 2021 Account Balance) + (Q3 2021 Account Balance * (84/92)) such pro rata changes as are necessary to ensure that the aggregate monetary payment pursuant to the Plan Of Allocation does not exceed the Net Settlement Amount. There are approximately 14,000 Class Members.
How Much Will. MY PAYMENT BE?
How Much Will. My Payment Be? What Is the Plan of Allocation?
How Much Will. The Lawyers Be Paid?
