PAYMENTS FROM THE QUALIFIED SETTLEMENT FUND. 5.1. Disbursements from Qualified Settlement Fund prior to Settlement Effective Date. Class Counsel, subject to the approval of Defendants, which approval shall not be unreasonably withheld, shall direct the Escrow Agent to disburse money from the Qualified Settlement Fund as follows:
PAYMENTS FROM THE QUALIFIED SETTLEMENT FUND. 5.1. Plan of Allocation. For each Settlement Class Member identified by the Settlement Administrator, the Settlement Administrator shall calculate a Settlement Credit Amount. Each Settlement Class Member’s Settlement Credit Amount shall be equal to the Net Settlement Amount multiplied by the percentage of all Prior Distributions distributed to that Settlement Class Member (or to the Participant on whom the Settlement Class Member’s membership in the Class is based).1 In accordance with the procedures set forth in this Article, as approved or modified by the Court, the Settlement Administrator will distribute to each Class Member their Settlement Credit Amount. Any Settlement Credit Amounts distributed but not claimed (as contemplated by Section 5.5) shall revert to the Qualified Settlement Fund and be re-distributed pro rata to Settlement Class Members who claimed their Settlement Credit Amounts.
