Settlement Awards Sample Clauses

Settlement Awards. Subject to the terms and conditions of this Settlement, the Settlement Administrator will pay a Settlement Award from the Net Settlement Amount to each Class Member who timely and properly submits a Claim Form as follows:
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Settlement Awards. The Net Settlement Fund shall be distributed equally to Settlement Class Members who do not opt-out of the settlement. Settlement Awards are expected to be approximately $50 per Settlement Class Member, and will be calculated so as to exhaust the fund.
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Settlement Awards. Each Settlement Class Member bound by the terms of this Settlement will receive consideration outlined in Section II for the Release set forth in Section III as follows: 1. Within ten (10) days after the Order Granting Final Approval of the Settlement Agreement becomes final, by operation of agreement, Kentucky Rule of Civil Procedure, or otherwise, Class Counsel and Defendant’s Counsel shall confer to review the list of Settlement Class Members who filed valid and timely Claim Forms and are entitled to the payment of a Settlement Award pursuant to Section II(A)(2) and those Claim Forms deemed by KFB to be not substantially complete and thus not entitled to payment of a Settlement Award under either Section II(A)(2) or II(A)(3). If any Settlement Award pursuant to Section II(A)(2) is disputed, or there is a dispute as to whether a Claim Form is substantially complete, resolution of the dispute shall be achieved through re-examination of the objective data contained in KFB’s customer database, with reliance on best estimates from information contained in the database, where necessary. Neither party shall unreasonably withhold agreement to resolution of any disputed Settlement Award. 2. Within thirty (30) days of the date referenced in paragraph 1 above of this Section V(F) and for all Settlement Class Members who are to receive a Settlement Award pursuant to Section II(A)(2), the Settlement Administrator or KFB shall send, via first class U.S. mail, postage pre-paid, at KFB’s sole expense, a check equivalent to the Settlement Award for each Settlement Class Member, together with a letter drafted or approved by Class Counsel and Defendant’s Counsel, explaining the nature of the Settlement Award. Within thirty (30) days of the date referenced in paragraph 1 above of this Section V(F) and for all Settlement Class Members who are to receive a Settlement Award pursuant to Section II(A)(3), the Settlement Administrator or KFB shall send, via first class U.S. mail, postage pre-paid, at KFB’s sole expense, a check equivalent to the Settlement Award for each Settlement Class Member who did not timely submit their Claim to binding arbitration, together with a letter drafted or approved by Class Counsel and Xxxxxxxxx’s Counsel, explaining the nature of the Settlement Award.
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Settlement Awards. Settlement awards shall be made to eligible Settlement Class Members on a claims-made basis. Settlement awards will be made from those amounts remaining after deducting the Settlement Costs from the Fund.
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Settlement Awards. Settlement Class Members will have the option to select receipt of their Settlement Awards by either check or secure electronic payment. If no option is selected or the secure electronic payment cannot be completed, the Settlement Award shall be paid by check. The Settlement Administrator shall send each Settlement Class Member their Settlement Award within 45 calendar days after the Effective Date (“First Distribution”). The Settlement Administrator will perform skip tracing and re-mailing, as necessary; all costs of such work will be considered Settlement Costs. Checks will be valid for one-hundred and eighty days (180) days from the date on the check or for such long period as required by state law. Within 230 days after the Effective Date, the Settlement Administrator will calculate the amount of all uncashed checks and distribute a pro rata portion of all uncashed checks to Settlement Class Members who already cashed their checks (“Second Distribution”) unless the administrative costs to make a second distribution outweigh the second distribution or after administrative costs the amount of the Second Distribution would be nominal; provided, however, that no Settlement Class Member will receive any payments that exceed $500 per call in the aggregate, i.e., the sum of the First Distribution and the Second Distribution. Any amounts remaining the Second Distribution, or any Second Distribution checks that are uncashed, will be paid as cy pres to an entity agreed upon by the Parties and approved by the Court or if the Parties cannot agree as determined by the Court as set forth herein. Any Settlement Award paid to a deceased Settlement Class Member shall be made payable to the estate of the Settlement deceased Class Member, provided that the member’s estate informs the Settlement Administrator of the member’s death at least 30 calendar days before the date on which the Settlement Administrator distributes the Settlement Award.
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Settlement Awards. Each of the FLSA Collective Members shall be paid a settlement award from the Gross Settlement Amount (each a “Settlement Award”). The distribution to each Putative FLSA Collective Member of the Collective Settlement Amount is set forth in Exhibit B, which reflects a pro rata allocation of $57,662.54 in back pay and $57,662.54 in liquidated damages to the Putative FLSA Collective Members in proportion to overtime worked during the time periods associated with certain retention incentives.
Sample 1
Settlement Awards. Except as set forth herein, Settlement Class Members will be entitled to a Settlement Award. Following the deduction of Settlement Costs, the remaining balance of the Fund shall be distributed as the Settlement Award, and payable through a combination of cash and an Account Credit, as described below and in Sections III.C.3 - 6, and subject to Court approval: a. Approximately seven-hundred and eighteen dollars and fifty-seven cents ($718.57) for each Settlement Class Member in the Repossession Class, excluding Plaintiff. b. Each Settlement Class Member in the FDCPA Class, excluding Plaintiff, may receive an additional one-hundred and fifty dollars and zero cents ($150.00) in addition to the amounts described in Section III.C.2.a. c. These amounts are subject to pro rata adjustment depending on the balance of the Fund remaining after payment of all Settlement Costs based on final determination of the Settlement Class. The Settlement Award, whether cash, Account Credit, or both, will be divided equally among each account (i. e., if there is a primary borrower and a co-signer, they will jointly receive the benefit of the Settlement Award on a per account basis, rather than each receiving his/her own check or separate credit).
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Settlement Awards 
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Related to Settlement Awards

  • Settlement of Awards Pursuant to Section 5 of this Agreement, the Corporation shall deliver to the Employee one Share for each vested Restricted Stock Unit included in the Award and, as applicable, one share for each vested Restricted Stock Unit that corresponds to an accrued dividend equivalent. Any vested Restricted Stock Units payable to the Employee (including Shares payable pursuant to Section 3 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

  • Settlement of the Award Upon vesting, the RSU Award will be settled by delivery of one share of Stock as of the Vesting Date, for each RSU being settled. Such settlement shall occur promptly on or following the vesting of each RSU.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • Awards 1. The disputing parties may agree on a resolution of the dispute at any time before the tribunal issues its final award. 2. Where a tribunal makes a final award against either of the disputing parties, the tribunal may award, separately or in combination, only: (a) monetary damages and any applicable interest; and (b) restitution of property, in which case the award shall provide that the disputing Member State may pay monetary damages and any applicable interest in lieu of restitution. 3. A tribunal may also award costs and attorneys fees in accordance with this Agreement and the applicable arbitration rules. 4. A tribunal may not award punitive damages. 5. An award made by a tribunal shall have no binding force except between the disputing parties and in respect of the particular case. 6. Subject to paragraph 7 and the applicable review procedure for an interim award, the disputing party shall abide by and comply with an award without delay. (15) 7. The disputing party may not seek enforcement of a final award until: (a) in the case of a final award under the ICSID Convention: (i) 120 days has elapsed from the date the award was rendered and no disputing party has requested revision or annulment of the award; or (ii) revision or annulment proceedings have been completed; (b) in the case of a final award under the ICSID Additional Facility Rules, the UNCITRAL Arbitration Rules, or the rules selected pursuant to Article 33(1)(e): (i) 90 days have elapsed from the date the award was rendered and no disputing party has commenced a proceeding to revise, set aside, or annul the award; or (ii) a court has dismissed or allowed an application to revise, set aside, or annul the award and there is no further appeal. 8. A claim that is submitted for arbitration under this Section shall be considered to arise out of a commercial relationship or transaction for purposes of Article 1 of the New York Convention. 9. Each Member State shall provide for the enforcement of an award in its territory.

  • Other Awards The grant of an Award shall not confer upon the Holder the right to receive any future or other Awards under the Plan, whether or not Awards may be granted to similarly situated Holders, or the right to receive future Awards upon the same terms or conditions as previously granted.

  • Equity-Based Awards (a) Except as set forth in Section 2.04(a) of the Company Disclosure Letter, the terms of each outstanding option to purchase shares of Company Stock under any equity compensation plan of the Company (a “Company Stock Option”), whether or not exercisable or vested, shall be adjusted as necessary to provide that, at the Effective Time, each Company Stock Option outstanding immediately prior to the Effective Time shall be converted into an option (each, an “Adjusted Option”) to acquire, on the same terms and conditions as were applicable under such Company Stock Option immediately prior to the Effective Time, the number of shares of Parent Stock equal to the product of (i) the number of shares of Company Stock subject to such Company Stock Option immediately prior to the Effective Time multiplied by (ii) the Per Share Consideration, with any fractional shares rounded down to the next lower whole number of shares. The exercise price per share of Parent Stock subject to any such Adjusted Option will be an amount (rounded up to the nearest whole cent) equal to the quotient of (A) the exercise price per share of Company Stock subject to such Company Stock Option immediately prior to the Effective Time divided by (B) the Per Share Consideration, with any fractional cents rounded up to the next higher number of whole cents. Notwithstanding the foregoing, if the conversion of a Company Stock Option in accordance with the preceding provisions of this Section 2.04(a) would cause the related Adjusted Option to be treated as the grant of new stock right for purposes of Section 409A of the Code, such Company Stock Option shall not be converted in accordance with the preceding provisions but shall instead be converted in a manner that would not cause the related Adjusted Option to be treated as the grant of new stock right for purposes of Section 409A. Except as set forth in Section 2.04(a) of the Company Disclosure Letter, no Company Stock Option shall be subject to accelerated vesting upon or in connection with the transactions contemplated herein. (b) Each restricted stock award or performance share award outstanding immediately prior to the Effective Time under any equity compensation plan of the Company (each, a “Company Stock Award”) shall be adjusted as necessary to provide that, at the Effective Time, such Company Stock Award shall be converted into a restricted stock award or performance share award, as applicable, relating to the number of shares of Parent Stock equal to the product of (i) the number of shares of Company Stock relating to such Company Stock Award immediately prior to the Effective Time multiplied by (ii) the Per Share Consideration, with any fractional shares rounded down to the next lower whole number of shares. Except as set forth in Section 2.04(b) of the Company Disclosure Letter, each converted Company Stock Award shall be subject to the same terms, conditions and restrictions as were applicable under such Company Stock Award immediately prior to the Effective Time. Notwithstanding the foregoing, any Company Stock Award vesting condition contingent on the achievement of specified Company stock targets (“Stock Vesting Targets”) shall be adjusted so that each Stock Vesting Target is equal to the quotient of: (A) the Stock Vesting Target divided by (B) the Per Share Consideration, with any fractional cents rounded up to the next higher number of whole cents. Except as set forth in Section 2.04(b) of the Company Disclosure Letter, no Company Stock Award shall be subject to accelerated vesting upon or in connection with the transactions contemplated herein. (c) Parent shall take such actions as are necessary for the assumption of the Company Stock Options pursuant to this Section 2.04, including the reservation, issuance and listing of Parent Stock as is necessary to effectuate the transactions contemplated by this Section 2.04. Parent shall prepare and file with the SEC a registration statement on an appropriate form, or a post-effective amendment to a registration statement previously filed under the 1933 Act, with respect to the shares of Parent Stock subject to the Company Stock Options and, where applicable, shall use its reasonable best efforts to have such registration statement declared effective as soon as practicable following the Effective Time and to maintain the effectiveness of such registration statement covering such Company Stock Options (and to maintain the current status of the prospectus contained therein) for so long as any such Company Stock Options remain outstanding. With respect to those individuals, if any, who, subsequent to the Effective Time, will be subject to the reporting requirements under Section 16(a) of the 1934 Act, where applicable, Parent shall administer any equity compensation plan of the Company assumed pursuant to this Section 2.04 in a manner that complies with Rule 16b-3 promulgated under the 1934 Act to the extent such equity compensation plan of the Company complied with such rule prior to the Merger. (d) Prior to the Effective Time, the Company shall, with respect to stock option or compensation plans or arrangements, use its reasonable efforts to give effect to the transactions contemplated by this Section 2.04.

  • Stock Awards “Stock Awards” means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Settlement of Award Except as otherwise provided in Section 12 hereof, if the Grantee becomes vested in his Awards, or any portion thereof, in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following the date of vesting.

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