Residual Cash Payment. In addition to making Claims for Ordinary Out-of-Pocket Losses and/or Claims for Extraordinary Losses and Attested Time, Settlement Class Members may elect to receive a cash payment of up to $550 on a claims-made basis. The amount of the payment will be calculated by dividing the funds remaining in the Settlement Fund after payment of Claims for Ordinary Out-of-Pocket Losses, Claims for Extraordinary Losses and Attested Time, costs of Credit Monitoring Services, notice and administration costs, service award payments approved by the Court, and attorneys’ fees and expenses awarded by the Court by the number of Residual Cash Payment claimants, and thus could be less than $550. The notice and claim forms will include the $550 cap on Residual Cash Payment. Plaintiffs’ counsel may select the font, size, and emphasis for the $550 cap on the Residual Cash Payment and their placement within the notice and claim forms, subject to approval from Defendant’s counsel, which shall not be unreasonably withheld. If any funds remain in the Settlement Fund after payment of Claims for Ordinary Out-of-Pocket Losses, Claims for Extraordinary Losses and Attested Time, costs of Credit Monitoring Services, notice and administration costs, service award payments approved by the Court, attorneys’ fees and expenses awarded by the Court, and payment of Claims for Residual Cash Payments, such funds will be disbursed to a cy pres recipient to be agreed upon by the parties and approved by the Court or, if they cannot agree, selected by the Court.
Residual Cash Payment. In the event that there are funds in the Residual Settlement Fund after payments/distributions for Residual Credit Monitoring Services, the funds remaining in the Residual Settlement Fund shall thereafter be used to issue a Residual Cash Payment to all Settlement Class Members who submit an Approved Claim. In order to be entitled to a Residual Cash Payment, a Settlement Class Member need only have submitted a Claim Form that has been approved by the Settlement Administrator, in whole or in part. The Claim Form can be submitted for one or more of the benefits available under this Settlement, and need not be of a specific type or amount. In order to receive a Residual Cash Payment, the Settlement Class Member need not submit an additional Claim Form. The Settlement Administrator, upon notice to Class Counsel and Defendants’ counsel, shall determine the amount of the Residual Cash Payment. In determining this amount, the Settlement Administrator shall use the funds in the Residual Settlement Fund on an equal basis to Settlement Class Members who have submitted a Claim Form that has been approved by the Settlement Administrator, in whole or in part. In no event shall the amount of the Residual Cash Payment exceed One Hundred Dollars and Zero Cents ($100.00). All determinations required by this Paragraph shall be performed by the Settlement Administrator upon notice to Class Counsel and RPM’s Counsel.
Residual Cash Payment. In the event that there are funds in the Residual Settlement Fund after payments/distributions for Residual Credit Monitoring Services, and the amount remaining for pro rata distribution are not de minimis (as determined by Class Counsel and Defendants’ Counsel based on calculations provided by the Settlement Administrator), the funds remaining in the Residual Settlement Fund shall thereafter be used to issue a Residual Cash Payment to all Settlement Class Members who submit an Approved Claim. In order to be entitled to a Residual Cash Payment, a Settlement Class Member need only have submitted a Claim Form that has been approved by the Settlement Administrator, in whole or in part. The Claim Form can be submitted for one or more of the benefits available under this Settlement, and need not be of a specific type or amount. In order to receive a Residual Cash Payment, the Settlement Class Member need not submit an additional Claim Form. The Settlement Administrator, upon notice to Class Counsel and Defendants’ counsel, shall determine the amount of the Residual Cash Payment. In determining this amount, the Settlement Administrator shall use the funds in the Residual Settlement Fund on a pro rata basis to Settlement Class Members who have submitted a Claim Form that has been approved by the Settlement Administrator, in whole or in part. In no event shall the amount of the Residual Cash Payment exceed One Hundred Dollars and Zero Cents ($100.00) per person. All pro rata determinations required by this Paragraph shall be performed by the Settlement Adminsitrator upon notice to Class Counsel and Defendants’ Counsel.
Residual Cash Payment. In the event that there are funds remaining in the Settlement Fund after payments for lost time, out-of-pocket losses, credit monitoring, alternative cash payments, and residual credit monitoring services, the funds will be used to make a pro rata cash payment to all Settlement Class Members who submit a valid claim form, up to a total of $100.00 per claimant. For complete details, please see the Settlement Agreement, whose terms control, at WEBSITE. How to Get Benefits
Residual Cash Payment. After the distribution of attorneys’ fees, Class Counsel’s Fee Award and Expenses, Notice and Administrative Expenses, Service Awards, Compensation for Out-of- Pocket Expenses and Lost Time, the Settlement Administrator will make pro rata settlement payments of any remaining funds to each Class Member who submits a claim. Any class member may make a claim for a pro rata cash payment regardless of whether the member made a claim for Lost Time or Out-of-Pocket Losses or not. This may pro rata increase or decrease the cash payment.
