Settlement Class Monetary Relief Sample Clauses

Settlement Class Monetary Relief. The Net Settlement Fund shall be allocated pro rata to Settlement Class Members by segregating it into the Automatic Payment Fund and Claims Fund. The Net Settlement Fund will be divided in a way that allows for Claiming Settlement Class Members to receive a pro rata settlement payment that is three times the size of the pro rata settlement payment provided to Settlement Class Members who do not submit a Claim Form.
Sample 1
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Settlement Class Monetary Relief. The Net Settlement Fund shall be allocated pro rata to Settlement Class Members. Payment shall be made automatically to all members of the Automatic Payment Category. All DocuSign Envelope ID: 06EE7A26-3CA3-4588-8164-D230025D2033 remaining Settlement Class Members may submit a claim. Any Settlement Class Member who submits a claim that is not disallowed shall receive part of the pro rata payment.
Sample 1
Settlement Class Monetary Relief. The Net Settlement Fund shall be allocated pro rata to Settlement Class Members by segregating it into the Automatic Payment Fund and Claims Fund, in a way that provides for Settlement Class Members Who Disputed and Claiming Settlement Class Members to receive a settlement payment that is two times the size of the settlement payment provided to Settlement Class Members who do not fall into either of those categories. Settlement Class Members Who Disputed are not required to submit Claims in order to receive the larger payment. Should a Settlement Class Member Who Disputed submit a Claim anyway, thereby becoming a Claiming Settlement Class Member, such individual shall receive the same payment as if they were only a member of one of those categories. No Settlement Class Member Who Disputed is eligible for an additional payment as a result of their submission of a Claim.
Sample 1
Settlement Class Monetary Relief. The Settlement Fund shall be divided into two payment funds between the Settlement Class Members. The first fund, the “Automatic Payment Fund,” will consist of five hundred thousand dollars ($500,000.00). The Automatic Payment Fund shall be used to make automatic payments
Sample 1

Related to Settlement Class Monetary Relief

  • Monetary Relief 38. Any claim for monetary relief shall not extend more than twenty (20) days prior to the filing of a grievance, unless considerations of equity or bad faith justify a greater entitlement.

  • Settlement Class 2. Pursuant to Rule 23(e)(1)(B)(ii) of the Federal Rules of Civil Procedure, the Court preliminarily finds that the Court will likely find that the requirements of Federal Rules of Civil Procedure 23(a) and 23(b)(3) have been satisfied for settlement and judgment purposes only. As to the requirements of Rule 23(a) for settlement purposes only, (i) the Settlement Class provisionally certified herein likely exceeds 100,000 individuals, and joinder of all would be impracticable; (ii) there are questions of law and fact common to the Settlement Class; (iii) Class Representatives’ claims are typical of the claims of the Settlement Class they seek to represent for purposes of settlement; and (iv) Class Representatives are adequate representatives of the Settlement Class. As to the requirements of Rule 23(b)(3) for settlement purposes only, questions of law and fact common to the Settlement Class predominate over any questions affecting any individual Settlement Class Member, and a class action on behalf of the Settlement Class is superior to other available means of settling and disposing of this dispute.

  • Settlement Class Members “Settlement Class Members” shall mean all persons in the Class who do not exclude themselves pursuant to Section F, herein, and those who submit a Valid Claim.

  • Settlement Class Certification The Settling Parties agree, for purposes of this settlement only, to the certification of the Settlement Class. If the settlement set forth in this Settlement Agreement is not approved by the Court, or if the Settlement Agreement is terminated or cancelled pursuant to the terms of this Settlement Agreement, this Settlement Agreement, and the certification of the Settlement Class provided for herein, will be vacated and the Litigation shall proceed as though the Settlement Class had never been certified, without prejudice to any Person’s or Settling Party’s position on the issue of class certification or any other issue. The Settling Parties’ agreement to the certification of the Settlement Class is also without prejudice to any position asserted by the Settling Parties in any other proceeding, case or action, as to which all of their rights are specifically preserved.

  • Settlement Relief A. An Injunction, as set forth below in Section II.E hereof.

  • Payments to Settlement Class Members (a) Defendants shall pay or cause to be paid into the Escrow Account the amount of the Settlement Fund ($16,000,000.00 USD), as specified in Paragraph 1.32 of this Agreement, within twenty-eight (28) days after Preliminary Approval.

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