Common use of Payments to Authorized Former Participants and Current Clause in Contracts

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.

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 PlanPlan or took a full distribution during the quarter); 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-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.