Common use of Restorative Payments Clause in Contracts

Restorative Payments. The Net Settlement Amount to be allocated and distributed to the Authorized Former Participant Class Members and to the Plan for distribution to the Participant Class Members in accordance with the Plan of Allocation shall constitute “restorative payments” within the meaning of Revenue Ruling 2002-45 for all purposes.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

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Restorative Payments. The Net Settlement Amount Fund to be allocated and distributed to the Authorized Former Participant Class Members Participants and to the Plan for distribution to the Participant Class Members Active and Inactive Participants in accordance with the Plan of Allocation shall constitute “restorative payments” within the meaning of Revenue Ruling 2002-45 for all purposes.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

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