Remaining Funds from Net Settlement Fund and Uncashed Checks Sample Clauses

Remaining Funds from Net Settlement Fund and Uncashed Checks. Ninety (90) days following the 180-day check negotiation period, the Settlement Administrator shall distribute any remaining amounts in the Net Settlement Fund, subject to the approval of the Court pursuant to Cal. Code. Civ. P. § 384, to -USA, a non-profit cy pres recipient chosen by the Parties, subject to approval by the Court in its Final Approval Order.
Sample 1
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Related to Remaining Funds from Net Settlement Fund and Uncashed Checks

  • Gross Settlement Amount Except as otherwise provided by Paragraph 9 below, Defendant promises to pay $750,000.00 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 6.1 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

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