Plan of Allocation. 6.1. After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to Authorized Former Participants and Current Participants in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court. 6.2. To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant or an Authorized Former Participant, or a Beneficiary or Alternate Payee of such a person. Current Participants who have active Plan accounts on the date of the distribution shall receive their settlement payments as provided in Paragraph 6.5 below. Current Participants who have a $0 Plan account balance as of the date of the distribution shall receive their settlement benefits as provided in Paragraph 6.6 below. Authorized Former Participants shall receive their settlement payments as provided in Paragraph 6.7 below. 6.3. Beneficiaries will receive checks as described in this Article 6 in amounts corresponding to their entitlement as beneficiaries of the Current Participant or the Authorized Former Participant with respect to whom the payment is made. Alternate Payees will receive checks if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with the terms of an applicable Qualified Domestic Relations Order. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
Appears in 2 contracts
Samples: Class Action Settlement Agreement, Class Action Settlement Agreement
Plan of Allocation. 6.1. 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to the Authorized Former Participants and to the Plan for distribution to the Current Participants in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
6.2. 6.2 To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant or an Authorized Former Participant, or a Beneficiary Beneficiary, or Alternate Payee of such a person. Current Participants who have active Plan accounts on the date of the distribution shall receive their settlement payments as provided contributions to their Plan accounts as described in Paragraph 6.5 below. Current Participants who have a $0 Plan account balance this Article 6 unless, as of the date of the distribution shall receive their settlement benefits as provided payments, they no longer have an account in Paragraph 6.6 belowthe Plan. Authorized Former Participants shall receive their settlement payments in the form of checks as provided described in Paragraph 6.7 belowthis Article 6.
6.3. 6.3 Beneficiaries will receive checks as described in this Article 6 in amounts corresponding to their entitlement as beneficiaries Beneficiaries of the Current Participant or of the Authorized Former Participant with respect to whom which the payment is made. Alternate Payees will receive checks if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with pursuant to the terms of an the applicable Qualified Domestic Relations Order. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
Appears in 2 contracts
Samples: Class Action Settlement Agreement, Class Action Settlement Agreement
Plan of Allocation. 6.1. 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to the Authorized Former Participants and Current Participants in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.Former
6.2. 6.2 To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant or an Authorized Former Participant, or a Beneficiary Beneficiary, or Alternate Payee of such a person. Current Participants who have active Plan accounts on the date of the distribution shall receive their settlement payments as provided in Paragraph 6.5 below. Current Participants who have a $0 contributions to their Plan account balance as of the date of the distribution shall receive their settlement benefits account(s), except as provided in Paragraph Paragraphs 6.6 and 6.7 below. Authorized Former Participants shall receive their settlement payments in the form of checks, as provided in Paragraph 6.7 6.8 below.
6.3. 6.3 Beneficiaries will receive checks as described in this Article 6 in amounts corresponding to their entitlement as beneficiaries of the Current Participant or of the Authorized Former Participant with respect to whom which the payment is made. Alternate Payees will receive checks if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with pursuant to the terms of an the applicable Qualified Domestic Relations Order. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
Appears in 1 contract
Samples: Class Action Settlement Agreement
Plan of Allocation. 6.1. 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to Current Participants, Authorized Former Participants Participants, and Current Participants their Beneficiaries or Alternate Payees, in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
6.2. 6.2 To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant or Participant, an Authorized Former Participant, or a Beneficiary or Alternate Payee of such a person. .
6.2.1 Current Participants who have active Plan accounts on the date of the distribution shall receive their settlement Settlement payments as contributions to their Plan account(s), as provided in Paragraph 6.5 below. 6.4, unless the Current Participant is a Zero Account Balance Current Participant entitled to a payment by check in accordance with Paragraph 6.5.
6.2.2 Authorized Former Participants who have a $0 Plan account balance as of the date of the distribution shall receive their settlement benefits Settlement payments in the form of a check, as provided in Paragraph 6.6 below. Authorized Former Participants .
6.2.3 Beneficiaries shall receive their settlement payments as provided in Paragraph 6.7 below.
6.3. Beneficiaries will receive checks as described in this Article 6 by check in amounts corresponding to their entitlement as beneficiaries of the Current Participant or of the Authorized Former Participant with respect to whom which the payment is made. Alternate Payees will shall receive checks payments by check if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with the terms of an the applicable Qualified Domestic Relations OrderOrder on file with the Plan’s recordkeeper. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court, and the Settling Parties shall have no liability for such determinations.
Appears in 1 contract
Samples: Class Action Settlement Agreement
Plan of Allocation. 6.1. 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to the Authorized Former Participants and to the Plans for distribution to the Current Participants in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
6.2. 6.2 To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant or an Authorized Former Participant, or a Beneficiary Beneficiary, or Alternate Payee of such a person. Current Participants who have active Plan accounts on the date of the distribution shall receive their settlement payments as provided contributions to their Plan accounts as described in Paragraph 6.5 below. Current Participants who have a $0 Plan account balance this Article 6 unless, as of the date of the distribution shall receive their settlement benefits as provided payments, they no longer have an account in Paragraph 6.6 beloweither of the Plans. Authorized Former Participants shall receive their settlement payments in the form of checks as provided described in Paragraph 6.7 belowthis Article 6.
6.3. 6.3 Beneficiaries will receive checks as described in this Article 6 in amounts corresponding to their entitlement as beneficiaries of the Current Participant or of the Authorized Former Participant with respect to whom which the payment is made. Alternate Payees will receive checks if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with pursuant to the terms of an the applicable Qualified Domestic Relations Order. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.to
Appears in 1 contract
Samples: Settlement Agreement
Plan of Allocation. 6.1. 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to Authorized Former Participants and those Current Participants covered by Paragraphs 6.4–6.7 below, and to the Plan for distribution to the remaining Current Participants in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
6.2. 6.2 To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant or an Authorized Former Participant, Participant or a the Beneficiary or Alternate Payee of such a person. Current Participants who have active Plan accounts on the date of the distribution shall receive their settlement payments as provided earnings credited to their Plan accounts as described in Paragraph 6.5 below. Current Participants who have a $0 Plan account balance this Article 6 unless, as of the date of the distribution shall receive their settlement benefits as provided payments, they no longer have an account in Paragraph 6.6 belowthe Plan. Authorized Former Participants shall receive their settlement payments in the form of checks as provided described in Paragraph 6.7 belowthis Article 6.
6.3. 6.3 Beneficiaries will receive checks as described in this Article 6 in amounts corresponding to their entitlement as beneficiaries of the Current Participant or of the Authorized Former Participant with respect to whom which the payment is made. Alternate Payees will receive checks if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with pursuant to the terms of an the applicable Qualified Domestic Relations Order. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
Appears in 1 contract
Samples: Class Action Settlement Agreement
Plan of Allocation. 6.1. 6.1 After the Settlement Effective Date, the Settlement Administrator shall cause the Net Settlement Amount to be allocated and distributed to the Authorized Former Participants and to the Master Trust for distribution to the Current Participants in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
6.2. 6.2 To be eligible for a distribution from the Net Settlement Amount, a person must be a Current Participant or an Authorized Former Participant, Participant or a the Beneficiary or Alternate Payee of such a person. Current Participants who have active Plan accounts on the date of the distribution shall receive their settlement payments as provided contributions to their Plan accounts as described in Paragraph 6.5 below. Current Participants who have a $0 Plan account balance this Article 6 unless, as of the date of the distribution shall receive their settlement benefits as provided payments, they no longer have an account in Paragraph 6.6 beloweither of the Plans. Authorized Former Participants shall receive their settlement payments in the form of checks as provided described in Paragraph 6.7 belowthis Article 6.
6.3. 6.3 Beneficiaries will receive checks as described in this Article 6 in amounts corresponding to their entitlement as beneficiaries of the Current Participant or of the Authorized Former Participant with respect to whom which the payment is made. Alternate Payees will receive checks if and to the extent they are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under this Article 6 in accordance with pursuant to the terms of an the applicable Qualified Domestic Relations Order. The Settlement Administrator shall have sole and final discretion to determine the amounts to be paid to Beneficiaries and Alternate Payees in accordance with the Plan of Allocation set forth in this Article 6 and as ordered by the Court.
Appears in 1 contract
Samples: Class Action Settlement Agreement