Incentive Payment A Sample Clauses

Incentive Payment A. Incentive Payment A shall be equal to forty percent (40%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States, provided all Settling States satisfy the requirements of Incentive Payment A. Incentive Payment A will be due to a Settling State as part of the Annual Payment in each of the eighteen (18) Payment Years that a Settling State is eligible for Incentive Payment A and shall equal a total potential maximum of $7,421,605,477 if all States are eligible for all eighteen (18) Payment Years. Each 6HWWOLQJ 6WDWH¶V VKDUH RIpro,vidQedFthHatQSWettLlinYg SHtate 3D\PHQ is eligible, shall equal the total maximum amount available for Incentive Payment A for that year as reflected in Exhibit M WLPHV WKH 6HWWOLQJ 6WDWH¶V 2 Percentage. Eligibility for Incentive Payment A is as follows: a. For the Payment Years 1 and 2, all Settling States are deemed eligible for Incentive Payment A. b. For each Payment Year other than Payment Years 1 and 2, a Settling State is eligible for Incentive Payment A if, as of sixty (60) calendar days prior to the Payment Date (except that in Payment Year 3, this date is as of the Payment Date), (i) there is a Bar in that State in full force and effect, (ii) there is a Settlement Class Resolution in that State in full force and effect, (iii) the Released Claims of all of the following entities are released through the execution of Subdivision Settlement Participation Forms, or there is a Case-Specific Resolution against such entities: all Primary Subdivisions, Litigating Subdivisions, School Districts with a K-12 student enrollment of at least 25,000
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Incentive Payment A. Incentive Payment A shall be equal to forty percent (40%) of the Net Abatement Amount multiplied by the aggregate Overall Allocation Percentage of the Settling States, provided all Settling States satisfy the requirements of Incentive Payment A. Incentive Payment A will be due to a Settling State as part of the Annual Payment in each of the eighteen (18) Payment Years that a Settling State is eligible for Incentive Payment A and shall equal a total potential maximum of $7,421,605,477 if all States are eligible for all eighteen (18) Payment Years. Each Settling State’s share of Incentive Payment A in a given year, provided that Settling State is eligible, shall equal the total maximum amount available for Incentive Payment A for that year as reflected in Exhibit M times the Settling State’s Overall Allocation Percentage. Eligibility for Incentive Payment A is as follows: a. For the Payment Years 1 and 2, all Settling States are deemed eligible for Incentive Payment A. b. For each Payment Year other than Payment Years 1 and 2, a Settling State is eligible for Incentive Payment A if, as of sixty (60) calendar days prior to the Payment Date (except that in Payment Year 3, this date is as of the Payment Date), (i) there is a Bar in that State in full force and effect, (ii) there is a Settlement Class Resolution in that State in full force and effect, (iii) the Released Claims of all of the following entities are released through the execution of Subdivision Settlement Participation Forms, or there is a Case-Specific Resolution against such entities: all Primary Subdivisions, Litigating Subdivisions, School Districts with a K-12 student enrollment of at least 25,000 or .10% of a State’s population, whichever is greater, and Health Districts and Hospital Districts that have at least one hundred twenty-five (125) hospital beds in one or more hospitals rendering services in that district; or (iv) a combination of the actions in clauses (i)-(iii) has achieved the same level of resolution of Claims by Subdivisions (e.g., a Bar against future litigation combined with full joinder by Litigating Subdivisions). For the avoidance of doubt, subsection (iv) cannot be satisfied unless all Litigating Subdivisions are Participating Subdivisions or there is a Case-Specific Resolution against any such Subdivisions that are not Participating Subdivisions. The Settling Distributors and the Enforcement Committee shall meet and confer in order to agree on data sources for purposes o...
Incentive Payment A. Incentive Payment A (as defined in the Walgreens National Settlement, but subject to the modifications set forth herein) shall be available to be paid to Texas Subdivisions under the Texas Settlement and not under the Walgreens National Settlement. Solely for the purpose of determining eligibility for Incentive Payment A under the Texas Settlement, the Texas Participating Subdivisions that participate in the Walgreens National Settlement shall be treated as though they are Texas Settlement Participating Subdivisions. Eligibility for Incentive Payment A and the amount and timing of any Incentive A payments shall be determined as set forth in the Walgreens National Settlement, including that Texas shall have two years from the Effective Date of the Walgreens National Settlement to qualify for Incentive A. If Texas qualifies for Incentive A, the Incentive Payment A will be equal to $191,219,360 (representing 59% times Texas’s maximum remediation amount Walgreens National Settlement). Any Incentive Payment A shall be made by Walgreens on the same schedule as such payments would have been made by Walgreens under the Walgreens National Settlement. Exhibit B-1 sets forth the payments to be made by Walgreens through the Walgreens National Agreement and the Texas Settlement if Texas meets the criteria for Incentive Payment A.
Incentive Payment A. Incentive Payment A shall be equal to forty percent (40%) of the Ohio Settlement Abatement Amount, provided that the State of Ohio satisfies the requirements of Incentive Payment A. Incentive Payment A will be due as part of the Annual Payment in each of the eighteen (18) Payment Years that the State of Ohio is eligible for Incentive Payment A and shall equal a total potential maximum of $323,337,467 if the State of Ohio is eligible for all eighteen (18)
Incentive Payment A. Incentive Payment A shall be equal to forty percent (40%) of the Texas Settlement Abatement Amount, provided that Texas satisfies the requirements of Incentive Payment A. Incentive Payment A will be due as part of the Annual Payment in each of the eighteen (18) Payment Years that Texas is eligible for Incentive Payment A and shall equal a total potential maximum of $467,057,643 if Texas is eligible for all eighteen (18) Payment Years. Texas’s share of Incentive Payment A in a given year, provided that Texas is eligible, shall equal the total maximum amount available for Incentive Payment A for that year as reflected in Exhibit G. Eligibility for Incentive Payment A is as follows: a. For the Payment Years 1 and 2, Texas is deemed eligible for Incentive Payment A. b. For each Payment Year other than Payment Years 1 and 2, Texas is eligible for Incentive Payment A if, as of sixty (60) calendar days prior to the Payment Date (except that in Payment Year 3, this date is as of the Payment Date), (i) there is a Bar in full force and effect, (ii) there is a Settlement Class Resolution in full force and effect, (iii) the Released Claims of all of the following entities are released through the execution of Texas Participation Forms, or there is a Case- Specific Resolution against such entities: all Primary Subdivisions, Litigating Subdivisions, School Districts with a K-12 student enrollment of at least 25,000 or 0.10% of Texas’s population, whichever is greater, and Health Districts and Hospital Districts that have at least one hundred twenty-five (125) hospital beds in one or more hospitals rendering services in that district; or (iv) a combination of the actions in clauses (i)-(iii) has achieved the same level of resolution of Claims by Subdivisions (e.g., a Bar against future litigation combined with full joinder by Litigating Subdivisions). For the avoidance of doubt, clause (iv) cannot be satisfied unless all Litigating Subdivisions are Participating Subdivisions or there is a Case- Specific Resolution against any such Subdivisions that are not Participating Subdivisions.
Incentive Payment A. Incentive Payment A shall be equal to forty percent (40%) of the Rhode Island Settlement Abatement Amount, provided that the State of Rhode Island satisfies the requirements of Incentive Payment A. Incentive Payment A will be due as part of the Annual Payment in each of the eighteen (18) Payment Years that the State of Rhode Island is eligible for Incentive Payment A and shall equal a total potential maximum of $36,333,411 if the State of Rhode Island is eligible for all eighteen (18) Payment Years. The State of Rhode Island’s share of Incentive Payment A in a given year, provided that the State of Rhode Island is eligible, shall equal the total maximum amount available for Incentive Payment A for that year as reflected in Exhibit G. Eligibility for Incentive Payment A is as follows: a. For the Payment Years 1 and 2, the State of Rhode Island is deemed eligible for Incentive Payment A. b. For each Payment Year other than Payment Years 1 and 2, the State of Rhode Island is eligible for Incentive Payment A if, as of sixty (60) calendar days prior to the Payment Date (except that in Payment Year 3, this date is as of the Payment Date), (i) there is a Bar in full force and effect, (ii) there is a Settlement Class Resolution in full force and effect, (iii) the Released Claims of all of the following entities are released through the execution of Subdivision Settlement Participation Forms, or there is a Case-Specific Resolution against such entities: all Primary Subdivisions, Litigating Subdivisions, School Districts with a K-12 student enrollment of at least 25,000 or 0.10% of the State of Rhode Island’s population, whichever is greater, and Health Districts and Hospital Districts that have at least one hundred twenty-five (125) hospital beds in one or more hospitals rendering services in that district; or (iv) a combination of the actions in clauses (i)-

Related to Incentive Payment A

  • Incentive Payments The Settlement Fund Administrator will treat incentive payments under Section IV.F on a State-specific basis. Incentive payments for which a Settling State is eligible under Section IV.F will be allocated fifteen percent (15%) to its State Fund, seventy percent (70%) to its Abatement Accounts Fund, and fifteen percent (15%) to its Subdivision Fund. Amounts may be reallocated and will be distributed as provided in Section V.D.

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