Settlement Administrator Costs Clause Samples
The Settlement Administrator Costs clause defines who is responsible for paying the fees and expenses incurred by the settlement administrator in connection with managing a settlement process. Typically, this clause specifies whether these costs are to be paid from the settlement fund, by one of the parties, or shared between them, and may outline the types of expenses covered, such as notice distribution, claims processing, and reporting. Its core practical function is to allocate financial responsibility for administrative tasks, ensuring clarity and preventing disputes over payment of these necessary costs during settlement implementation.
Settlement Administrator Costs. The Parties agree to allocate up to $20,000.00 of the Gross Settlement Amount for Settlement Administrator Costs. Upon filing the motion for Final Approval, Plaintiff will request the Court to award an amount equal to the actual administration costs. The Parties agree to cooperate in the Settlement Administration process and to make reasonable efforts to control and minimize the cost and expenses incurred in administration of the Settlement. The Settlement Administrator shall be paid the Settlement Administrator Costs no later than fifteen (15) days after Defendants fully fund the settlement.
Settlement Administrator Costs. The Settlement Administrator shall have the authority and obligation to make payments, credits and disbursements to Settlement Class Members in the manner set forth herein, calculated in accordance with the methodology set out in this Agreement and orders of the Court. The Parties agree to cooperate in the Settlement administration process and to make reasonable efforts to control and minimize the cost and expenses incurred in administration of the Settlement. The Settlement Administrator shall be paid the Settlement Administrator Costs no later than fifteen (15) days after Defendants fully fund the settlement. In the event an appeal is filed from the Court’s Final Judgment, or any other appellate review is sought, administration of the Settlement shall be stayed pending final resolution of the appeal or other appellate review, but any fees incurred by the Settlement Administrator prior to it being notified of the filing of an appeal from the Court’s Final Judgment or any other appellate review, shall be paid to the Settlement Administrator by Defendants within thirty (30) days of said notification.
Settlement Administrator Costs. The parties agree that Defendants shall pay all costs associated with the Settlement Administrator up to $350,000.00. Within ten (10) calendar days of the Court’s entry of the Preliminary Approval Order, Defendants shall make initial payment(s) to the Settlement Administrator necessary to effectuate the class notice provisions ordered by the Court. Class Counsel will ensure that the Settlement Administrator has supplied Defendants with its Form W-9 prior to the date payment is due. Defendants shall timely make additional payment(s) to the Settlement Administrator as those costs are incurred, and Defendants shall make final payment(s) to the Settlement Administrator after entry of the Final Approval Order. Payments to the Settlement Administrator shall be made by wire to the bank account identified by the Settlement Administrator. Any Settlement Administrator Costs in excess of $350,000.00 shall be paid by Class Counsel. Defendants retain the right to audit and review the Settlement Administrator Costs. The Parties agree that Defendants shall in no event be obligated to pay more than $350,000.00 in total towards Settlement Administrator Costs. In the event that the Final Settlement Date does not occur, any amounts actually used by the Settlement Administrator for notice and administration shall not be refundable to Defendants and shall remain the responsibility of Defendants. If Defendants have paid for Settlement Administrator costs that the Settlement Administrator has not used or incurred, any such amounts shall be refunded to Defendants.
Settlement Administrator Costs. The Parties agree to allocate up to $33,000.00** of the Total Settlement Amount for Settlement Administrator Costs. The Settlement Administrator shall have the authority and obligation to make payments, credits and disbursements to Settlement Class Members in the manner set forth herein, calculated in accordance with the methodology set out in this Agreement and orders of the Court. The Parties agree to cooperate in the Settlement administration process and to make reasonable efforts to control and minimize the cost and expenses incurred in administration of the Settlement. The Settlement Administrator shall be paid the Settlement Administrator Costs no later than fifteen (15) days after Defendants fully fund the settlement. In the event an appeal is filed from the Court’s Final Judgment, or any other appellate review is sought, administration of the Settlement shall be stayed pending final resolution of the appeal or other appellate review, but any fees incurred by the Settlement Administrator prior to it being notified of the filing of an appeal from the Court's Final Judgment or any other appellate review, shall be paid to the Settlement Administrator by Defendants within thirty (30) days of said notification.
Settlement Administrator Costs. The Court approves the payment to , the Settlement Administrator, of a total amount not to exceed $ , to be paid from the Gross Settlement Amount in accordance with the Agreement. Dated:_______________________ _______________________________________ ▇▇▇. ▇▇▇▇▇ ▇. BERLE LOS ANGELES SUPERIOR COURT JUDGE ▇▇▇▇▇▇ LLP
Settlement Administrator Costs. The Parties agree to allocate up to $120,000.00 of the Total Settlement Amount for
Settlement Administrator Costs. The Settlement Administrator shall be paid for the costs of administration of the Settlement Agreement from the MSA. Based upon estimates received, the Settlement Administrator Costs shall not exceed Fifteen Thousand Dollars. The Settlement Administrator shall be paid the Settlement Administrator Costs after Defendants provides funds to the Settlement Administrator for disbursement under this Settlement Agreement.