Non-Rollover-Electing Former Participant Class Members. For Non-Rollover Electing Former Participants, the Settlement Administrator will issue a single check in the amount of their Final Entitlement Amount less any applicable taxes and will mail the check to the best available address on file for such Non-Rollover Electing Former Participant or, in the case of ambiguity or uncertainty, to the address of such person as determined by the Settlement Administrator using commercially reasonable means. The Settlement Administrator will mail Non-Rollover Electing Former Participants checks no earlier than 30 days from the date it sends the Current Participant’s Plan Distribution Allocation File to the Plan recordkeeper. For each check issued, the Settlement Administrator shall: (1) calculate and withhold any applicable taxes associated with the payments allocable to the Non-Rollover Electing Former Participant; (2) report such payments and remit such tax withholdings to the Internal Revenue Service and applicable state revenue agents; and (3) issue appropriate tax forms to the Non-Rollover Electing Former Participants. Upon issuing the check to the Non-Rollover Electing Former Participant, in a letter accompanying such check, the Settlement Administrator shall advise the Non-Rollover Electing Former Participants that they alone bear responsibility for complying with any Qualified Domestic Relations Order that may apply to the Settlement payment. In order to help ensure that checks are sent to the best available addresses of Non-Rollover Electing Former Participants, the following additional steps will occur: (1) the Plan’s recordkeeper will provide the mailing address for each Non-Rollover Electing Former Participant in its possession; (2) prior to the checks being issued, the Settlement Administrator will update all mailing addresses using the National Change of Address Database; (3) for checks that are returned as undeliverable, the Settlement Administrator shall attempt to find updated address information for the Non-Rollover Electing Former Participant and resend the check to the updated address if available; and (4) for each Non-Rollover Electing Former Participant whose check has not been returned as undeliverable but was not cashed within sixty (60) days of the issue date of the check, the Settlement Administrator will (a) send an email reminder to the Non-Rollover Electing Former Participant (if email is available) that all uncashed checks will be voided one hundred twenty (120) days after their issue date, an...
Non-Rollover-Electing Former Participant Class Members. Upon completing the calculation of each Participant Class Member and Former Participant Class Member’s Entitlement Amount and no later than sixty (60) calendar days following the Settlement Effective Date, the Settlement Administrator shall issue a check from the Qualified Settlement Fund to each Non-Rollover-Electing Former Participant Class Member, in the amount of each Former Participant Class Member’s Entitlement Amount (less any withholdings).
