Payment Amounts for Valid Claimants Sample Clauses

Payment Amounts for Valid Claimants. The Preventive Measures Claims Settlement Administration Fund shall be allocated among the Valid Claimants in proportion to their respective “Base Payment Amounts” (as discussed immediately below): o The respective Base Payment Amounts for Valid Claimants who submit valid Documented Preventive Measures Claims shall be equal to their respective eligible reimbursement amounts as determined by the Settlement Administrator for each of them (up to a maximum of $1,000 per claimant). o The Base Payment Amount for each Valid Claimant who submits a valid Non- Documented Preventive Measures Claim shall be $50 (i.e., all Valid Claimants who submitted valid Non-Documented Preventive Measures Claims will have the same Base Payment Amount, $50). o Payment amounts for Valid Claimants shall be calculated as follows:  If the total, aggregate amount of all Valid Claimants’ Base Payment Amounts is greater than the total Preventive Measures Claims Settlement Administration Fund amount (i.e., $2,000,000), then Valid Claimants’ payments shall be decreased from their respective Base Payment Amounts on a pro rata basis, proportionate to their Base Payment Amounts; or  If the total, aggregate amount of all Valid Claimants’ Base Payment Amounts is less than the total Preventive Measures Claims Settlement Administration Fund amount (i.e., $2,000,000), then Valid Claimants’ payments shall be increased from their respective Base Payment Amounts on a pro rata basis, proportionate to their Base Payment Amounts, up to a maximum of $1,500 each for Documented Preventive Measures Claims and $500 each for Non- Documented Preventive Measures Claims.
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