Payment of Settlement Benefits Sample Clauses

Payment of Settlement Benefits. 21 I. Elements Specific to the Administration of the In-Kind Remedy 21 J. Final Payments 22 SECTION 4 – SETTLEMENT CONSIDERATION 22 A. Generally 22 B. Ineligibility, Conflicting and Incompatible Claims 23
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Payment of Settlement Benefits. 3.35 As soon as practical after the Final Value Matrix is established, the Administrator will: a) provide a copy thereof to the Court; b) post a copy thereof on the Website; c) issue payment to those Settlement Class Members eligible for (i) the Reimbursement Remedy; (ii) the Loss at Resale Remedy; (iii) the Indemnity in lieu of the In-Kind remedy; (iv) the Supplemental Compensation; d) inform those Settlement Class Members eligible for the In-Kind Remedy of the Authorized Cost of Repair, and advise them of the procedure for claiming the remedy as set out in section 4.17 above along with a copy of the Repair Approval Certificate. 3.36 No Settlement Benefit shall be issued to any Settlement Class Member before the beginning of the Performance Period. No Settlement Benefit shall be issued to any Settlement Class Member after the Performance Period unless the Settlement Class Member has been specifically approved by the Administrator, in which case the Settlement Class Member’s Repair Approval Certificate will be cancelled and re-issued with a new expiry date. 3.37 If this Settlement never becomes final for any reason, no Settlement Benefit of any kind shall be conferred upon any Settlement Class Members pursuant to the Agreement. I. Elements Specific to the Administration of the In-Kind Remedy 3.38 The Settlement Class Member who elects the In-Kind Remedy bears the risk of the loss, theft or destruction of the Class Vehicle after the Claim Form has been submitted. 3.39 If the actual cost of the Paint Repair sought by a Settlement Class Member is greater than the Authorized Cost of Repair as shown on the Repair Approval Certificate, the Settlement Class Member will have to choose one of the following the options: (i) pay for the difference between the Authorized Cost of Repair and the actual cost of repaint; or (ii) as the case may be, negotiate with the Authorized Body Shop the scope of Paint Repairs to be performed so that the Authorized Cost of Repair or other agreed upon cost between them is not exceeded. 3.40 The Administrator will also be responsible for issuing payment to Authorized Body Shops for the Authorized Cost of Repair. 3.41 An Authorized Body Shop will be reimbursed for Paint Repairs performed up to the Authorized Cost of Repairs if the following conditions are met: a) the Paint Repair occurred after the issuance of a valid Paint Repair Approval Certificate and in accordance with the conditions set out by the Administrator and this Agreement; ...
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Payment of Settlement Benefits. Settlement Class Members who timely and validly submit Claim Forms shall receive payment of any Settlement Benefits to which they are entitled by means of an electronic payment by Interac e-Transfer or other similar electronic means of payment as judged feasible by the Claims Administrator sent to the e-mail address provided by the Settlement Class Member. Such payments may be retrieved for a period of thirty (30) days after transmittal of the same by the Claims Administrator; provided that if any Settlement Class Member fails to timely retrieve an electronic payment, the payment will be withdrawn, the electronic transfer will be voided, the Settlement Class Member will be deemed to have received their full Settlement Benefits under the Settlement Agreement, and for the avoidance of doubt such Settlement Class Member shall still be subject to the releases set forth in Section VI.
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Payment of Settlement Benefits. Within forty (40) days after the later of the Effective Date and the Claim Form Due Date, the Claims Administrator shall pay an amount to each valid claimant equal to: (i) the amount remaining from the Total Settlement Cap after deducting all applicable fees, disbursements, costs, expenses and taxes including (1) all of the Claims Administrator Expenses, (2) Class Counsel Fees in the amount approved by the Court, (3) the Fonds Disbursement, (4) the Fonds Xxxx, (5) the Representative Plaintiff’s disbursements and honorarium of up to CAD $5,000, if approved by the Court; divided by (ii) the number of valid claims; provided that every such payment shall be equal in amount and no Settlement Class Member may receive more than seven dollars and fifty cents (CAD $7.50), no matter the number of total claims made nor the number of Claim Forms that such Settlement Class Member submits, it being understood and agreed that each Settlement Class Member shall be limited to one claim. The Claims Administrator shall monitor transmittal and cashing/redeeming of the Settlement Benefits by the applicable Settlement Class Members, and withdraw any payment not timely cashed by any such Settlement Class Members pursuant to Section III.B(b) hereof.
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Payment of Settlement Benefits. 6.1 Subject to section 2.5, no payment of a Settlement Benefit shall be required until the date that is the latest of: (a) the Effective Date; (b) the date payment of the Settlement Benefit is due to be made under the terms of the Plan as amended in accordance with the terms of this Agreement; and (c) the date that any personal information necessary to calculate or make payment of the Settlement Benefit is provided to the Company. 6.2 The form of payment of Settlement Benefits paid to a Settlement Class member shall take into account applicable law including the provisions of the ITA, the PBA, and the terms and conditions for the payment of benefits set out in the Plan. Payment shall be subject to all deductions and withholdings required by applicable law, by court order or as authorized by the Settlement Class member entitled to payment. In the event the Parties learn of a restriction or limitation in applicable law that makes it impracticable or impossible for the Company to make payment of an individual’s Settlement Benefits in the form described herein, the Parties shall use best efforts to renegotiate and revise that form of payment to that individual to comply with such restrictions and limitations and to reflect the purposes of, and entitlements conferred by, this Agreement, and for greater certainty, this obligation continues after the Effective Date. 6.3 All Settlement Benefits and Settlement Expenses shall be paid from assets held under the Plan. The Plan shall continue to be funded in accordance with the terms of the Plan, generally accepted actuarial practice, and the requirements of the PBA and the ITA. 6.3.1 The Company may in its sole discretion seek from the Superintendent and from the CRA registration of amendments to the Plan to permit all payments and expenses required by this Agreement to be paid or incurred, to be paid from the Plan. 6.3.2 If amendments relating to payment of enhanced bridging benefits contemplated by section 4.4.2 of this Agreement are not registered under the PBA or ITA, or if Settlement Benefits, Settlement Expenses or Company costs cannot be paid from the Plan, such Settlement Benefits, Settlement Expenses or Company costs shall be paid by the Company. 6.4 The Company shall issue or cause to be issued to Settlement Class members any information or tax reporting documents required to be issued by applicable tax, pension standards or employment laws and shall make all required withholdings. Settlement Class members s...
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Payment of Settlement Benefits. Within forty-five (45) days of completing its review of the validity of all Claim Forms submitted, or as soon as practicable after the deposit of any necessary additional payment required under Section II.C, the Settlement Administrator shall distribute the Settlement Benefits for all Valid Claims via check or digital payment as provided on the Claim Form. All Settlement Benefit payments will be subject to a ninety (90) day void period, after which the payment shall be void and no longer negotiable (the “Void Period”). If a Settlement Benefit is not negotiated within the Void Period, the Settlement Class member is not entitled to any further payment under this Agreement or otherwise, and remains subject to the Release in Section I.C.2 of this Agreement.
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Related to Payment of Settlement Benefits

  • Settlement Benefits Subject to the terms and conditions set forth herein, HESI shall provide the following “Settlement Benefits” in connection with the resolution of the New Class Action by the New Class and the resolution of the Assigned Claims against HESI by the DHEPDS Class: (a) HESI shall make an Aggregate Payment of one billion twenty-eight million U.S. dollars (“USD”) ($1,028,000,000) (the “Aggregate Payment”) to resolve both the alleged liability to the New Class for Punitive Damages Claims, if any, and the alleged liability to the DHEPDS Class for the Assigned Claims against HESI under the DHEPDS. DHEPDS Class Counsel and the PSC have agreed to accept the Aggregate Payment from HESI, subject to the terms and conditions set forth herein, including the allocation of the Aggregate Payment by the Allocation Special Master described below. (b) All Administrative Costs shall be paid from the Aggregate Payment. Under no circumstances shall HESI be liable for any Administrative Costs. At the request of the PSC or New Class Counsel, as applicable, and/or the DHEPDS Class Counsel, XXXX agrees to consult with them to explore methods to enhance the efficiency of the implementation and administration of the processes for the distribution of the Aggregate Payment amount pursuant to the provisions of the SA. (c) Only as agreed to by the Parties in Section 23 of this SA, HESI shall pay the reasonable common benefit costs and fees of the PSC, New Class Counsel, as applicable, and DHEPDS Class Counsel and/or other common benefit attorneys who have submitted time and/or costs in accordance with Pre-Trial Order No. 9, as may be approved by the Court. In no event shall HESI be required to pay any common benefit costs or fees of the PSC, New Class Counsel, DHEPDS Class Counsel or any other common benefit attorneys, or any other person who claims a right to fees and costs, in excess of the amount agreed to by the Parties in Section 23 of this SA.

  • 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.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Payment of Severance Subject to Section 7.13, any severance payments pursuant to Section 5.4(a) hereof shall be paid commencing on the sixtieth (60th) day following the Termination Date (with a lump sum catch-up payment for any installments otherwise payable within sixty (60) days following the Termination Date) and in accordance with the Company’s standard payroll schedule and practices.

  • Net Out of Settlement Amounts The Non-Defaulting Party shall calculate a Termination Payment by aggregating all Settlement Amounts due under this Agreement or any other agreement(s) between the Company and the BGS-RSCP Supplier for the provision of BGS Supply into a single amount: by netting out (a) all Settlement Amounts that are due or will become due to the Defaulting Party, plus at the option of the Non-Defaulting Party, any cash or other form of security then available to the Non- Defaulting Party and actually received, liquidated and retained by the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement or any other agreement(s) between the Company and the BGS-RSCP Supplier for the provision of BGS Supply against (b) all Settlement Amounts that are due or will become due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement or any other agreement(s) between the Company and the BGS- RSCP Supplier for the provision of BGS Supply, so that all such amounts shall be netted out to a single liquidated amount; provided, however, that if the BGS-RSCP Supplier is the Defaulting Party and the Termination Payment is due to the BGS-RSCP Supplier, the Company shall be entitled to retain a commercially reasonable portion of the Termination Payment, which may be equal to the entire amount of the Termination Payment, as security for additional amounts that may be determined to be due and owing by the BGS-RSCP Supplier as Damages and further provided that any previously attached security interest of the Company in such retained amounts shall continue. The Termination Payment shall be due to or due from the Non-Defaulting Party as appropriate. If the Termination Payment has been retained by the Company as security for additional amounts that may be determined to be due and owing by the BGS-RSCP Supplier, and if, upon making a final determination of Damages, the Termination Payment, or any portion thereof, is to be made to the BGS-RSCP Supplier, the Company will pay simple interest on the Termination Payment amount being made to the BGS-RSCP Supplier. Simple interest will be calculated at the lower of the Interest Index or six (6) percent per annum.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • 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.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Settlement Payments On the first Business Day of each month (“Interest Settlement Date”), Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender’s share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Agent will pay to such Lender, by wire transfer to such Lender’s account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Toronto time on the next Business Day following the Interest Settlement Date, such Lender’s share of interest and fees on each of the Loans. Such Lender’s share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender’s share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender’s average Revolving Loan Commitment during such month, less such Lender’s average Daily Loan Balance of the Revolving Loan for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender’s share of all other fees paid to Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender’s Commitment with respect to the Loans on which such fees are associated. To the extent Agent does not receive the total amount of any fee owing by Borrower under this Agreement, each amount payable by Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. Any funds disbursed or received by Agent pursuant to this Agreement, including, without limitation, under subsections 9.7, 9.8(A)(1), and 9.9, prior to the Settlement Date for such disbursement or payment shall be deemed advances or remittances by GE Canada Finance, in its capacity as a Lender, for purposes of calculating interest and fees pursuant to this subsection 9.8(A)(4).

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