Common use of Payments to Settlement Clause in Contracts

Payments to Settlement. Class Members shall be calculated by the Settlement Administrator as follows: 1. The end-of-quarter balances for all Plans during the Settlement Class Period of each Settlement Class Member are identified for each quarter; 2. All end-of-quarter balances identified in step 1 are summed together for each Settlement Class Member; 3. An average end-of-quarter balance for each Settlement Class Member is calculated for the Settlement Class Period; 4. For each Settlement Class Member, the average end-of-quarter balance determined by step 3 is divided by the sum of all of the average end- of-quarter balances of all Settlement Class Members for the Settlement Class Period; 5. Each Settlement Class Member will receive the fraction of the total Net Settlement Amount which is calculated in step 4 (provided he or she is a Current Participant, Authorized Former Participant, or eligible Beneficiary or Alternate Payee); 6. For purposes of these calculations, a zero should be included as the balance for any quarter during which an individual had no account balance, or did not participate in the Plans, at the quarter-end.

Payments to Settlement. Class Members shall be calculated by the Settlement Administrator as follows: 1. The end-of-quarter balances for all Plans during the Settlement Class Period of each Settlement Class Member 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 Settlement Class Member; 3. An average end-of-quarter balance for each Settlement Class Member is calculated for the Settlement Class Period; 4. For each Settlement Class Member, the average end-of-quarter balance determined by of step 3 is divided by the sum of all of the average end- end-of-quarter balances of all Settlement Class Members for the Settlement Class Period; 5. Each Settlement Class Member will receive the fraction of the total Net Settlement Amount which is calculated in step 4 (provided he or she is a Current Participant, Authorized Former Participant, or eligible Beneficiary or Alternate Payee);4 6. For purposes of these calculations, a zero should be included as the balance for any quarter during which an individual had no account balance, or did not participate in the PlansPlan, at the quarter-end.