Payments to Authorized Former Participants and Current Sample Clauses

Payments to Authorized Former Participants and Current. Participants shall be calculated by the Settlement Administrator as follows: 1. The end-of-quarter balances for the Class Period of each Current Participant and each Authorized Former Participant are identified for each quarter; 2. All end-of-quarter balances identified in step 1 are summed together for each Current Participant and each Authorized Former Participant; 3. An average end-of-quarter balance for each Current Participant and each Authorized Former Participant is calculated for the Class Period (with a zero included as the balance for any quarter during which the individual did not participate in the Plan); 4. For each Current Participant and each Authorized Former Participant, the average end-of-quarter balance of step 3 is divided by the average end-of-quarter balance for the Class Period of all Current and Authorized Former Participants; 5. Each Current Participant and each Authorized Former Participant will receive the fraction of the total Net Settlement Amount which is calculated in step 4.
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Payments to Authorized Former Participants and Current. Participants shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows: 6.4.1 The Settlement Administrator shall obtain the following information from the Plan, through its former recordkeeper or otherwise: the quarter-ending account balances for all Class Members during the Class Period as well as the quarter-ending account balances in each of the four mutual funds offered as core investment options during the class period and the Company Stock Fund. 6.4.2 The Settlement Administrator shall obtain, in writing, an agreement between Class Counsel and the Settlement Administrator on the Net Settlement Amount, and the amount apportioned to each sub-class. The Net Settlement Amount shall be allocated to the sub-classes as follows: (a) 50% to the Recordkeeping Class (the “Recordkeeping Allocation”); (b) 20% to the Mutual Fund Sub-Class (the “Mutual Fund Allocation”); (c) 15% to the Technology Fund Sub-Class (the “Tech Fund Allocation”); (d) 10% to the Company Stock Fund Sub-Class (the “CSF Allocation”); and
Sample 1Sample 2
Payments to Authorized Former Participants and Current. Participants shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows: 6.4.1 The Settlement Administrator shall obtain from the Plan recordkeeper the quarter-ending account balances in the Plan for each Class Member from 6.4.2 The Net Settlement Amount shall be divided into three portions: (1) the Artisan Small Cap Value Fund Portion (“Artisan Fund Portion”) shall be forty percent (40%) of the Net Settlement Amount; (2) the TCM 6.4.3 The Artisan Fund Portion will be allocated among Class Members as follows: a percentage of the Artisan Fund Portion that is the product of the sum of the participant’s quarter-ending account balances invested in the Artisan Small Cap Value Fund for each quarter from September 30, 2012 through June 22, 2015 divided by the sum of the quarter-ending net asset value of the Artisan Small Cap Value Fund for each quarter during that period. 6.4.4 The TCM Fund Portion will be allocated among Class Members as follows: a percentage of the TCM Fund Portion that is the product of the sum of the participant’s quarter-ending account balances invested in the TCM Small-Mid Cap Growth Fund for each quarter from June 30, 2010 through April 8, 2013 divided by the sum of the quarter-ending net asset value of the TCM Small-Mid Cap Growth Fund for each quarter during that period. 6.4.5 The Administrative Fee Portion will be allocated among Class Members as follows: a percentage of the Administrative Fee Portion that is the product of the sum of the participant’s quarter-ending balances invested in mutual funds in the Plan that paid revenue sharing to the Plan’s recordkeeper (“Revenue Sharing funds”) for each quarter from January 1, 2009 through December 31, 2019 divided by the sum of the 6.4.6 No amount shall be distributed to a Class Member that is ten dollars ($10.00) or less, because such an amount is de minimis and would cost more in processing than its value. All such amounts shall be retained in the Qualified Settlement Fund for distribution under Paragraph 6.13. 6.4.7 For each Current Participant and Authorized Former Participant (and their Beneficiaries and Alternate Payees), the Settlement Administrator will calculate the total amount due to each such person in accordance with Paragraphs 6.4.2 –6.4.5. 6.4.8 The Settlement Administrator shall utilize the calculations required to be performed herein for (a) making the required distributions to Authorized Former Participants; and (b) instructing the Pl...
Sample 1
Payments to Authorized Former Participants and Current. Participants shall be calculated by the Settlement Administrator as follows: 1. The Net Settlement Amount shall first be divided into two sums proportional to the relative size of total assets for each Plan as of December 14, 2018; 2. For each Plan, the end-of-quarter balances for the Class Period of Current and Authorized Former Participants are identified for each quarter; 3. All end-of-quarter balances identified in step 2 are summed together for each Participant; 4. An average end-of-quarter balance for each Current Participant and each Authorized Former Participant is calculated for the Class Period (with a zero included as the balance for any quarter during which the individual did not participate in the Plan); 5. For each Current Participant and each Authorized Former Participant, the average end-of-quarter balance of step 4 is divided by the sum of the average end-of-quarter balance for the Class Period of all Current and Authorized Former Participants; 6. Each Current Participant and each Authorized Former Participant will receive the percentage of the Net Settlement Amount for each Plan which is calculated in step 5.
Sample 1
Payments to Authorized Former Participants and Current. Participants shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows: 6.4.1 The Settlement Administrator shall obtain from the Plans’ recordkeeper(s) the quarter-ending account balances for all Class Members during the Class Period as well as the quarter-ending account balances in the Fixed Interest Account, Premier Capital Appreciation Fund, Select Large Cap Value Fund, and Premier Core Value Equity Fund. 6.4.2 The Settlement Administrator shall obtain, in writing, an agreement among the Plan Fiduciary, Class Counsel, and the Settlement Administrator on the Net Settlement Amount, and the amount apportioned to the Class Members as follows: 6.4.3 For each Current Participant and Authorized Former Participant, the Settlement Administrator will calculate the total amount due to each Current Participant and Authorized Former Participant pursuant to Paragraphs 6.4.2. 6.4.4 The Settlement Administrator shall utilize the calculations required to be performed herein for (a) making the required distributions to Authorized Former Participants; and (b) instructing Defendants as to the amounts to be distributed to Current Participants and calculating the total amount to deposit in the Plans to fulfill this instruction. 6.4.5 Unless the Settling Parties agree in writing, the total amount of all checks to be written by the Settlement Administrator to Former Participants, plus the total amount of all credits that Defendants are instructed to make to Current Participants may not exceed the Net Settlement Amount. Nothing in this Paragraph 6.4.5 is intended to modify the requirements of Paragraph 6.5 below. In the event that the Settlement Administrator determines that the Plan of Allocation would otherwise require payments exceeding the Net Settlement Amount, the Settlement Administrator is authorized to make such changes as are necessary to the Plan of Allocation such that said totals do not exceed the Net Settlement Amount.
Sample 1

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