Common use of Opt-Out Procedure Clause in Contracts

Opt-Out Procedure. 1. Each Class Member who wishes to opt-out must submit a properly completed Opt-Out Form, along with true copies of (i) all trade confirmation slips in respect of transactions in the Shares during the Class Period (and ten days after the end of the Class Period), or (ii) all monthly statements with information concerning transactions in the Shares during the Class Period (and ten days after the end of the Class Period) (“Supporting Documents”) to the O&O Administrator on or before the Opt-Out Deadline. 2. If a Class Member fails to submit a properly completed Opt-Out Form and/or all required Supporting Documents before the Opt-Out Deadline, the Class Member shall not have opted-out of the Action, subject to any order of the Court to the contrary, and will in all respects be subject to, and bound by, the provisions of this Agreement and the releases contained herein, and any orders made in the Action. 3. The Opt-Out Deadline shall not be extended unless the Court orders otherwise. 4. All Opt-Out Parties will be excluded from any and all rights and obligations arising from the Settlement. Class Members who do not opt-out shall be bound by the Settlement and the terms of this Agreement regardless of whether he/she/it files a Claim Form or receives compensation from the Settlement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Opt-Out Procedure. (1. ) Each Class Member who wishes to opt-opt out must submit a properly completed Opt-Out Form, Form along with true copies of (i) all trade confirmation slips in respect of transactions in the Shares during the Class Period (and ten days after the end of the Class Period), or (ii) all monthly statements with information concerning transactions in the Shares during the Class Period (and ten days after the end of the Class Period) (“Supporting Documents”) required supporting documents to the O&O Administrator on or before the Opt-Opt- Out Deadline. (2. ) In order to remedy any deficiency in the completion of the Opt-Out Form, the Administrator may require and request that additional information be submitted by a Class Member who submits an Opt-Out Form, and that such Class Members shall have until ten (10) days after the Opt-Out Deadline to remedy the deficiency. (3) If a Class Member fails to submit a properly completed Opt-Out Form and/or all required Supporting Documents before supporting documents to the Administrator or fails to remedy any deficiency within ten (10) days after the Opt-Out Deadline, the Class Member shall not have opted-opted out of the Action, subject to any order of the Court to the contrary, and will in all other respects be subject to, and bound by, the provisions of this the Agreement and the releases contained herein, and any orders made in the Action. 3. (4) The Opt-Out Deadline shall will not be extended unless the Court orders otherwise. 4. All (5) Opt-Out Parties will be excluded from any and all rights and obligations arising from the Settlement. Class Members who do not opt-opt out shall be bound by the Settlement and the terms of this the Agreement regardless of whether he/she/it the Class Member files a Claim Form or receives compensation from the Settlement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Opt-Out Procedure. (1. ) Each Class Member who wishes to opt-out must submit a properly completed Opt-Out Form, along with true copies of (i) all trade confirmation slips in respect of transactions in the Shares during the Class Period (and ten days after the end of the Class Period), or (ii) all monthly statements with information concerning transactions in the Shares during the Class Period (and ten days after the end of the Class Period) (“Supporting Documents”) ), to the O&O Administrator on or before the Opt-Out Deadline. (2. ) If a Class Member fails to submit a properly completed Opt-Out Form and/or all required Supporting Documents before the Opt-Out Deadline, the Class Member shall not have opted-out of the Action, subject to any order of the Court to the contrary, and will in all respects be subject to, and bound by, the provisions of this Agreement and the releases contained herein, and any orders made in the Action. (3. ) The Opt-Out Deadline shall not be extended unless the Court orders otherwise. (4. ) All Opt-Out Parties will be excluded from any and all rights and obligations arising from the Settlement. Class Members who do not opt-out shall be bound by the Settlement and the terms of this Agreement regardless of whether he/she/it files a Claim Form or receives compensation from the Settlement.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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Opt-Out Procedure. (1. ) Each Class Member who wishes to opt-opt out must submit a properly completed Opt-Out Form, Form along with true copies of (i) all trade confirmation slips in respect of transactions in the Shares during the Class Period (and ten days after the end of the Class Period), or (ii) all monthly statements with information concerning transactions in the Shares during the Class Period (and ten days after the end of the Class Period) (“Supporting Documents”) required supporting documents to the O&O Administrator on or before the Opt-Opt- Out Deadline. (2. ) In order to remedy any deficiency in the completion of the Opt-Out Form, the Administrator may require and request that additional information be submitted by a Class Member who submits an Opt-Out Form, and that such Class Members shall have until ten (10) days after the Opt-Out Deadline to remedy the deficiency. (3) If a Class Member fails to submit a properly completed Opt-Out Form and/or all required Supporting Documents before supporting documents to the Administrator or fails to remedy any deficiency within ten (10) days after the Opt-Out Deadline, the Class Member shall not have opted-opted out of the this Action, subject to any order of the Court to the contrary, and will in all other respects be subject to, and bound by, the provisions of this Agreement and the releases contained herein, and any orders made in the Action. 3. (4) The Opt-Out Deadline shall will not be extended unless the Court orders otherwise. 4. All (5) Opt-Out Parties will be excluded from any and all rights and obligations arising from the Settlement. Class Members who do not opt-opt out shall be bound by the Settlement and the terms of this Agreement regardless of whether he/she/it the Class Member files a Claim Form or receives compensation from the Settlement.

Appears in 1 contract

Samples: Settlement Agreement

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