Notification of Settlement Sample Clauses

Notification of Settlement. On the date of settlement of any claim, litigation or threatened litigation where the amount of settlement (including costs), or any amount in respect of a fine, penalty or disgorgement of profit in respect of such settlement, payable by the Group exceeds $5,000,000 or its equivalent against any member of the Group the Parent shall notify the Agent of the details of such settlement (or fine, penalty or disgorgement of profit, as the case may be) and shall within 10 Business Days provide the Agent with a certificate setting out (in reasonable detail) projections and computations which show that each of the requirements of Clause 21 (Financial covenants) will be complied with for the Relevant Periods ending on each Quarter Date falling within the immediately succeeding 6 Month period following the then most recently ended Relevant Period.
Sample 1
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Notification of Settlement. TRD shall provide notice to all MVD and TRD Agent employees of this settlement Agreement, including a statement notifying all such employees of TRD’s requirement to provide simultaneous voter registration pursuant to the Section 5 of the NVRA. Within 60 days of the entry of this Agreement each MVD and TRD Agent office shall hold a meeting for all employees who are responsible for providing MVD driver’s licensing services to discuss the procedures for offering voter registration, including any changes to office procedures resulting from the Agreement.
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Notification of Settlement. USDA and HUD will each notify the other of any action taken regarding matters described in this section within 14 calendar days after such action is taken. (1) When HUD seeks to notify USDA of a settlement, the notification will be sent by HUD's field enforcement staff to the Rural Development Civil Rights Staff. (2) When USDA seeks to notify HUD of a settlement, the notification will be sent by the Rural Development Civil Rights Staff to the appropriate field enforcement center for HUD. § 2000.2909 Monitoring .
Sample 1
Notification of Settlement. Within ninety (90) days of the public announcement of the settlement, GSK will send a letter to health care providers that GSK currently details regarding the products at issue in this resolution, the terms of the resolution, and a link to a website that will contain all of the relevant public resolution documents relating to this matter. Within ninety (90) days of the public announcement of the settlement, GSK will send a letter to all payers with whom GSK currently has contracts or enters into contracts for formulary access or rebates (including all state Medicaid programs) regarding the products at issue in this resolution, the terms of the resolution, and a linle to a website that will contain all of the relevant public resolution documents relating to this matter.
Sample 1
Notification of Settlement. To facilitate the Notice and claims administration process, Nucor will provide to Class Counsel within seven (7) days of the Preliminary Approval Order the last known mailing address for all Settlement Class Members. Any personal information relating to the Settlement Class Members shall be provided solely for the purpose of providing Notice to members of the Settlement Class and shall be kept in strict confidence. The personal information shall be used only for purposes of this Settlement and shall not be disclosed to any third party. Class Counsel shall send the Class Notice via first class mail to the last known mailing address of each Settlement Class Member.
Sample 1

Related to Notification of Settlement

  • 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.

  • 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.

  • Effect of Settlement Neither the Grantee nor any of the Grantee’s successors, heirs, assigns or personal representatives shall have any further rights or interests in any Restricted Stock Units that have been paid and settled. Although a settlement date or range of dates for settlement are specified above in order to comply with Code Section 409A, the Company retains discretion to determine the settlement date, and no Grantee or beneficiary of a Grantee shall have any claim for damages or loss by virtue of the fact that the market price of Common Stock was higher on a given date upon which settlement could have been made as compared to the market price on or after the actual settlement date (any claim relating to settlement will be limited to a claim for delivery of Shares and related dividend equivalents).

  • 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.

  • Time of Settlement RSUs shall be settled promptly upon expiration of the Restricted Period without forfeiture of the RSUs (i.e., upon vesting), but in any event within 60 days after expiration of the Restricted Period, by delivery of one share of Common Stock for each RSU being settled, or, at the discretion of the Company, the cash equivalent thereof; provided, however, that settlement of an RSU shall be subject to Plan Section 11(k), including if applicable the six-month delay rule in Plan Sections 11(k)(i)(C)(2) and 11(k)(i)(G); provided further, that no dividend or dividend equivalents will be paid, accrued or accumulated in respect of the period during which settlement was delayed. (Note: This rule may apply to any portion of the RSUs that vest after the time you become Retirement eligible under the Plan, and could apply in other cases as well). Settlement of RSUs which directly or indirectly result from adjustments to RSUs shall occur at the time of settlement of, and subject to the restrictions and conditions that apply to, the granted RSUs. Settlement of cash amounts which directly or indirectly result from adjustments to RSUs shall be included as part of your regular payroll payment as soon as administratively practicable after the settlement date for the underlying RSUs, and subject to the restrictions and conditions that apply to, the granted RSUs. Until shares are delivered to you in settlement of RSUs, you shall have none of the rights of a stockholder of the Company with respect to the shares issuable in settlement of the RSUs, including the right to vote the shares and receive actual dividends and other distributions on the underlying shares of Common Stock. Shares of stock issuable in settlement of RSUs shall be delivered to you upon settlement in certificated form or in such other manner as the Company may reasonably determine. At that time, you will have all of the rights of a stockholder of the Company.

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

  • PROCEDURE FOR APPROVAL OF SETTLEMENT Acceptance of this Settlement Agreement shall be sought at a hearing of the Central Regional Council of the MFDA on a date agreed to by counsel for Staff and the Respondent.

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

  • Date of Settlement The receipt by the Company of immediately available funds in payment for a Book-Entry Security and the authentication and issuance of the Global Security representing such Book-Entry Security shall constitute "settlement" with respect to such Book-Entry Security. All orders of Book-Entry Securities solicited by a Selling Agent or made by a Purchasing Agent and accepted by the Company on a particular date (the "Trade Date") will be settled on a date (the "Settlement Date") which is the third Business Day after the Trade Date pursuant to the "Settlement Procedure Timetable" set forth below, unless the Company and the purchaser agree to settlement on another Business Day which shall be no earlier than the next Business Day after the Trade Date.

  • 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.

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