Negotiation of Settlement Checks Sample Clauses

Negotiation of Settlement Checks. Qualified Claimants shall have one hundred twenty (120) days after the date on the settlement checks (the “Check Issuance Date”) in which to negotiate the checks. If any Qualified Claimant does not negotiate his or her settlement check within that period, the check shall be void. Sixty (60) days after the distribution of settlement checks, the Settlement Claims Administrator shall send reminder postcards via e-mail (if available) and First Class U.S. Mail to Qualified Claimants who have not yet negotiated their checks reminding them to negotiate their checks prior to the 120-day deadline. The Settlement Claims Administrator shall advise Plaintiffs’ Counsel of any uncashed checks thirty (30) days prior to the 120 day deadline and shall provide contact information for any Qualified Claimants who have not cashed their checks at that time.
Sample 1
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Negotiation of Settlement Checks. Qualified Claimants shall have ninety (90) days after the date on the settlement checks (the “Check Issuance Date”) in which to present the check for payment. If any Qualified Claimant does not present his or her settlement check for payment within 90 days after the Check Issuance Date, the check will be void and the gross amount of the Individual Settlement Payment shall revert to BWW. Any such Qualified Claimant who does not present his/her settlement check for payment by the Check Issuance Date shall not be bound by the release of claims and his/her consent to participate in the settlement covered by this Agreement shall be null and void.
Sample 1
Negotiation of Settlement Checks. Qualified Claimants will have one hundred twenty (120) days after the date on the settlement checks (the “Check Issuance Date”) in which to negotiate (e.g., deposit or cash) the checks. If any Qualified Claimant does not negotiate their settlement check within one hundred twenty (120) days after the Check Issuance Date, the check will be void, the amount of the check will be returned to the Settlement Fund, and Equitable shall have no further obligation to such Qualified Claimant under this Agreement. Sixty (60) days after the distribution of settlement checks, the Settlement Administrator shall send out reminder postcards via First Class U.S. Mail to Qualified Claimants who have not yet negotiated their checks reminding them to negotiate their checks prior to the 120-day deadline. The Settlement Administrator will advise Plaintiffs’ Counsel of any uncashed checks thirty (30) days prior to the 120-day deadline and will provide contact information for any Qualified Claimants who have not cashed their checks at that time. Any funds remaining in the Settlement Fund after payment to: (1) all Qualified Claimants who timely negotiate their settlement checks;
Sample 1
Negotiation of Settlement Checks. Each Qualified Claimant will have one hundred twenty (120) days after the date on his or her individual settlement check (the “Check Issuance Date”) in which to negotiate his or her check. If any Qualified Claimant does not negotiate his or her settlement check within 120 days after the Check Issuance Date, the check will be void (“Check Void Date”) and the funds shall remain part of the Qualified Settlement Fund and shall revert to Liberty Mutual fifteen (15) days following the Check Void Date. However, checks not cashed prior to the Check Void Date may be reissued if the Parties agree in writing, provided remaining funds have not already reverted to Liberty Mutual, as further discussed in paragraph III.G.5, below.
Sample 1
Negotiation of Settlement Checks. Any checks tendered to 28 Settlement Class Members or PAGA Group Members shall remain valid and negotiable for 1 one hundred and eighty (180) days from the date of their issuance and shall thereafter be 2 automatically cancelled if not cashed, deposited, or otherwise negotiated by the Settlement 3 Class Member or PAGA Group Member within that time, although the individual shall 4 remain a Settlement Class Member and/or PAGA Group Member bound by the Judgment 5 entered in the Action. After 180 days, any amounts from cancelled checks shall be 6 transmitted to the California Controller’s Office Unclaimed Property Division, with an 7 identification of the person to whom the funds belong, in accordance with Code of Civil 8 Procedure section 384, to be held in trust for those persons who did not timely cash their 9 settlement checks. Any checks tendered to Settlement Class Members or PAGA Group 10 Members that are returned as undeliverable will also be transmitted to the State 11 Controller’s Office Unclaimed Property Division with an identification of the person to 12 whom the funds belong, in accordance with Code of Civil Procedure section 384, to be 13 held in trust for those persons. The Parties agree that this disposition results in no “unpaid 14 residue” under Code of Civil Procedure section 384, as the entire Net Settlement Fund will 15 be paid out to Settlement Class Members or PAGA Group Members, whether or not they 16 all cash their settlement checks. Therefore, Defendant will not be required to pay any 17 interest on such amounts. Administration of the Settlement shall be completed no later 18 than two hundred and seventy (270) days from the Effective Date.
Sample 1

Related to Negotiation of Settlement Checks

  • Application of Settlement Agreement 10.1 This Settlement Agreement shall apply to, be binding upon, and inure to the benefit of, CAG and the Releasees and Downstream Releasees identified in Section 2 above.

  • EXECUTION OF SETTLEMENT AGREEMENT This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, this Order shall be vacated, rendered null and void and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Plaintiffs, the other Class Members and Defendants, and the Parties shall revert to their respective positions in the Action as of immediately prior to August 24, 2015, as provided in the Stipulation.

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • TERMS OF SETTLEMENT The Respondent agrees to the following terms of settlement:

  • Disputes Settlement (1) Should any dispute arise as to the operation of this agreement and the parties are unable to resolve that dispute by amicable negotiation the parties shall refer such dispute to the Industrial Relations Commission for - (a) conciliation in the first instance and failing that (b) for arbitration. (2) Should any dispute arise as to the operation of a "training" agreement such dispute shall be resolved through the settlement mechanisms presented by the Industrial Training Xxx 0000.

  • DISPUTES SETTLEMENT PROCEDURE 9.1 A major objective of this Agreement is to eliminate lost time and/or production arising out of disputes or grievances. Disputes over any work related or industrial matter (including a dispute about whether a workplace right has been breached) or any matters arising out of the operation of the Agreement or incidental to the operation of the Agreement should be dealt with as close to its source as possible. Disputes over matters arising from this Agreement (or any other dispute related to the employment relationship or the NES, including subsections 65(5) or 76(4) of the Fair Work Act) shall be dealt with according to the following procedure. 9.2 The pre-dispute status quo shall prevail while the matter is being dealt with in accordance with this procedure. 9.3 All Employees have the right to appoint a representative in relation to a dispute. It is the express priority of all Parties to attempt to settle a dispute at the workplace level at first instance. 9.4 In the event of any work-related grievance arising between the Employer and an Employee or Employees, the matter shall be dealt with in the following manner: (a) The matter shall be first submitted by the Employee/s or his/her job delegate/ employee representative or other representative, to the site foreperson/supervisor or the other appropriate site representative of the Employer and if not settled, to a more senior representative of the Employer. (b) Alternatively, the Employer may submit an issue to the Employee/s who may seek the assistance and involvement of the job delegate/employee representative or other representative. (c) If still not resolved, there may be discussions between the relevant Union official (if requested by the employee/s), or another representative of the employee, and senior representative of the Employer. (d) Should the matter remain unresolved, either of the parties or their representative shall refer the dispute at first instance to FWC for review. FWC may exercise conciliation and/or arbitration powers in such review. 9.5 This procedure shall be followed in good faith without unreasonable delay. 9.6 If any party fails or refuses to follow any step of this procedure the non-breaching party will not be obligated to continue through the remaining steps of the procedure and may immediately seek relief by application to FWC. 9.7 Any resolution of a dispute under this clause by the FWC will not be inconsistent with legislative obligations or any other applicable Codes or Regulations.

  • The Settlement Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Execution Date, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP for deposit into the Trust Account. The Settlement Amount shall be converted into Canadian currency upon deposit into the Trust Account. (2) The Settling Defendants shall deposit the Settlement Amount into the Trust Account by wire transfer. Siskinds LLP shall provide the necessary wire transfer information to Counsel for the Settling Defendants with reasonable advance notice so that the Settling Defendants have a reasonable period of time to comply with section 3.1(1) of this Settlement Agreement. (3) The Settlement Amount and other consideration to be provided in accordance with the terms of this Settlement Agreement shall be provided in full satisfaction of the Released Claims against the Releasees. (4) The Settlement Amount shall be all-inclusive of all amounts, including without limitation, interest, costs, Class Counsel Fees and Class Counsel Disbursements. (5) The Releasees shall have no obligation to pay any amount in addition to the Settlement Amount, for any reason, pursuant to or in furtherance of this Settlement Agreement or the Proceedings or any Other Actions. (6) Once a Claims Administrator has been appointed, Siskinds LLP shall transfer control of the Trust Account to the Claims Administrator. (7) Siskinds LLP and the Claims Administrator shall maintain the Trust Account as provided for in this Settlement Agreement. While in control of the Trust Account, Siskinds LLP and the Claims Administrator shall not pay out all or part of the monies in the Trust Account, except in accordance with this Settlement Agreement, or in accordance with an order of the Courts obtained after notice to the Parties.

  • Form of Settlement Notwithstanding any discretion contained in the Plan or anything to the contrary in the Agreement, the RSUs are payable in Shares only.

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