Common use of Settlement Administration Costs Clause in Contracts

Settlement Administration Costs. The reasonable costs of settlement administration through and beyond final approval, which are currently estimated at $99,921.00 (the “Settlement Administration Costs”), shall be paid from the Maximum Gross Settlement Amount subject to Court approval. To the extent the Court does not approve Settlement Administration Costs, the unawarded amount shall remain a part of the Net Settlement Amount. IRS Form 1099 shall be provided for the payment made pursuant to this Paragraph.

Appears in 1 contract

Samples: Settlement Agreement

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Settlement Administration Costs. The reasonable costs of settlement administration through and beyond final approval, which are currently estimated at $99,921.00 (the “Settlement Administration Costs”), costs are estimated not to exceed $17,500.00 and shall be paid from the Maximum Gross Settlement Amount subject to Court approval. To the extent the Court does not approve Settlement Administration Costs, the unawarded amount shall remain a part of the Net Settlement Amount. IRS Form 1099 A copy of the Settlement Administrator’s invoice shall be provided to the Court with Plaintiffs’ Motion for Final Approval of Class Action Settlement. The Parties agree to cooperate in the payment made pursuant settlement administration process and to this Paragraphmake all reasonable efforts to control and minimize the costs incurred in the administration of the Settlement.

Appears in 1 contract

Samples: Settlement Agreement

Settlement Administration Costs. The reasonable Settlement Administrator’s costs of settlement administration through and beyond final approvalexpenses, which are currently estimated at not to exceed $99,921.00 (the “Settlement Administration Costs”)20,000, shall be paid from the Maximum Gross Settlement Amount subject to Court approval. To the extent the Court does not approve Settlement Administration Costs, the unawarded amount shall remain a part of the Net Total Settlement Amount. IRS Form 1099 shall be provided for the payment made pursuant to this Paragraph.

Appears in 1 contract

Samples: Settlement Agreement

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Settlement Administration Costs. The reasonable Reasonable costs of settlement administration through administering the settlement, including the Settlement Administrator’s fees and beyond final approval, which are currently estimated at expenses (approximately $99,921.00 (the “Settlement Administration Costs”21,400), shall will be paid from the Maximum Gross Settlement Amount subject to Court approval. To the extent the Court does not approve Settlement Administration Costs, the unawarded amount shall remain a part out of the Net Settlement Amount. IRS Form 1099 shall be provided for the payment made pursuant to this ParagraphSum.

Appears in 1 contract

Samples: Settlement Agreement

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