Is the Settlement Final? Not yet Sample Clauses

Is the Settlement Final? Not yet. The Final Fairness Hearing will be held on , 2012, at 9:00 a.m. at the following address: United States District Judge Xxxxxxx X. Xxxxxx Southern District of California 000 Xxxxx Xxxxxx San Diego, California 92101-8900 This settlement will not be final or take effect unless and until: (A) it is finally approved by the Court after the Final Fairness Hearing and a Final Order and Judgment have been entered by the Court, and (1) the applicable period for the appeal of the Final Order and Judgment has expired without any appeals having been filed, or (2) all such appeals have been dismissed; or (B) the Ninth Circuit Court of Appeals has entered a final judgment affirming the Final Order and Judgment, which (1) is no longer subject to any further appellate challenge, or (2) has been affirmed by the United States Supreme Court. Counsel do not know at this time if any objections or appeals will be filed. Check back periodically at xxx.XxxxxXxxxxxxxxx.xxx for an update on the status of these proceedings.
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Is the Settlement Final? Not yet. The final Fairness Hearing is scheduled to be held on , 2014, at :00 a.m. at the following address: United States District Judge Xxxxx X. Xxxxxx Central District of California – Southern Division 000 Xxxx Xxxxxx Xxxxxx, Xxxxxxxxx 0X Xxxxx Xxx, Xxxxxxxxxx 00000-0000 This settlement will not be final or take effect, and the Effective Date will not occur, unless and until: (A) it is presented to and finally approved by the Court after the Final Fairness Hearing and a Final Order has been entered by the Court, and (1) the applicable period for the appeal of the Final Order and Judgment has expired without any appeals (other than appeals regarding Plaintiffs’ counsel’s attorneys’ fees or Plaintiffs’ awards) having been filed, or (2) all such appeals (other than appeals regarding Plaintiffs’ counsel’s attorneys’ fees of Plaintiffs’ awards) have been dismissed; or (B) the Ninth Circuit Court of Appeals has entered a final judgment affirming the Final Order, which is no longer subject to any further appellate challenge. Counsel do not know at this time if any objections or appeals will be filed. At the present time the parties do not know when the settlement will take effect, but it will be no earlier than August 2014. Check back periodically at xxx.XxxxxxXXXXxxxxxxxxx.xxx for an update on the status of these proceedings.
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Related to Is the Settlement Final? Not yet

  • What Does The Settlement Provide The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court. Class Members fall into two categories: Current Participants and Former Participants. Allocations to Current Participants who are entitled to a distribution under the Plan of Allocation will be made into their existing Plan accounts. Former Participants who are entitled to a distribution will receive their distribution as a check mailed to their last known address or, if they elect, as a rollover to a qualified retirement account. In addition to the monetary component of the Settlement, as discussed above, Defendant agreed that the Plan’s fiduciaries will conduct a RFP process for recordkeeping services to the Plan. Within the first year following final approval of the Settlement, Defendant has agreed to publish a communication to then current Plan participants explaining the risks and benefits of the Plan’s money market fund investment option. Defendant also will use an independent consultant familiar with fixed income investment options in such plans who will review the investment lineup and make recommendations to the Plan’s fiduciaries regarding whether to retain the money market fund and whether to add a stable value or comparable fund. In addition, during the three-year Settlement period, Defendant has agreed to provide Class Counsel a list of the Plan’s investment options and fees. In considering investment options for the Plan, Defendant has agreed that the Plan’s fiduciaries will consider: (1) the lowest-cost share class available for any mutual fund considered for inclusion in the Plan as well as other criteria applicable to different share classes; (2) the availability of revenue sharing rebates on any share class available for any mutual fund considered for inclusion in the Plan; and (3) the availability of collective trusts, to the extent such investments are permissible and are otherwise identical to a particular mutual fund considered for inclusion in the Plan All Class Members and anyone claiming through them will fully release the Plan as well as Defendant and its “Released Parties” from “Released Claims.” The Released Parties include (a) Defendant and its insurers,

  • Why Is There A Settlement? The Court has not decided whether the Plaintiff or the Defendant should win this case. Instead, both sides agreed to a Settlement. That way, they avoid the uncertainties and expenses associated with ongoing litigation, and Class Members will get compensation sooner rather than, if at all, after the completion of a trial. WHO’S INCLUDED IN THE SETTLEMENT?

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • IN THE SETTLEMENT 4. How do I know if I am part of the Settlement? If you received this notice, then Defendant’s records indicate that you are a Class Member who is entitled to receive a payment or credit to your account. YOUR OPTIONS

  • 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.

  • THE SETTLEMENT CONSIDERATION 9. In consideration of the settlement of the Released Plaintiffs’ Claims against Defendants and the other Defendants’ Releasees, Defendants shall pay or cause to be paid the Settlement Amount into the Escrow Account no later than the later of (a) fifteen (15) business days after the date of entry by the Court of an order preliminarily approving this Settlement; and

  • Puts Prior to the Settlement Date During the period from the Bank Closing Date to and including the Business Day immediately preceding the Settlement Date, the Assuming Bank shall be entitled to require the Receiver to purchase any Asset which the Assuming Bank can establish is evidenced by forged or stolen instruments as of the Bank Closing Date; provided, that, the Assuming Bank shall not have the right to require the Receiver to purchase any such Asset with respect to which the Assuming Bank has taken any action referred to in Section 3.4(a)(ii) with respect to such Asset. The Assuming Bank shall transfer all such Assets to the Receiver without recourse, and shall indemnify the Receiver against any and all claims of any Person claiming by, through or under the Assuming Bank with respect to any such Asset, as provided in Section 12.4.

  • Full and Final Settlement 21.1 This agreement is in full and final settlement of all Union or employee claims relating to employee rights and entitlements. Accordingly, the Union or employees shall not pursue any extra claims, nor take any industrial or protest action concerning any matter explicitly or implicitly dealt with in this agreement.

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $290,000.00 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 4.3 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Settlement of Transactions 1. The Company shall proceed to a settlement of all transactions upon execution of such transactions.

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