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:
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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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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provided that if any Settlement Class Member fails to timely retrieve an electronic payment, the payment will be withdrawn, the electronic transfer will be voided, the Settlement Class Member will be deemed to have received their full Settlement Benefits under the Settlement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 Levy, (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:
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Related to Payment of Settlement Benefits

  • THE SETTLEMENT BENEFITS What You Get

  • Settlement Benefits WHAT YOU GET

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

  • 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.

  • Payment of Benefits a) In computing the amount of disability benefits, disability will be considered as starting from the first day of disability; however, an employee must be certified by a medical practitioner for the disability within the first three days of disability. In the event that the employee is not certified within the first three days, disability will be considered as starting two complete days prior to the day that the employee is actually certified by a medical practitioner.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation or the Effective Date of the Settlement otherwise fails to occur, this Judgment shall be vacated, rendered null and void and be of no further force and effect, except as otherwise provided by the Stipulation, and this Judgment shall be without prejudice to the rights of Lead Plaintiffs, the other Settlement Class Members and Defendants, and the Parties shall revert to their respective positions in the Action as of immediately prior to the execution of the Term Sheet on February 11, 2021, as provided in the Stipulation.

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