Settlement Payments to Participating Class Members Sample Clauses

Settlement Payments to Participating Class Members. If the Settlement is granted final approval, after deduction of any Court-approved attorneys’ fees, litigation expenses, service payments to the Class Representatives, and expenses of settlement administration, the remaining amount (“Net Settlement Amount”) will be divided equally between the Participating Class Members. As soon as practicable after the Effective Date of the Settlement, the Settlement Administrator will mail to each Participating Class Member a check representing that person’s settlement payment.
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Settlement Payments to Participating Class Members. If the Settlement is granted final approval, after deduction of any Court-approved attorneys’ fees, litigation expenses, service payments that the Court may award to Xxxx and/or other Class Members who provided assistance to Class Counsel in connection with the Litigation, and expenses of settlement administration, the remaining amount (“Net Settlement Amount”) will be divided equally between the Participating Class Members. As soon as practicable after the Effective Date of the Settlement, the Settlement Administrator will transmit to each Participating Class Member a payment representing that person’s settlement payment. Participating Class Members may elect to receive their settlement payment in the form of a check or an electronic payment such as Venmo, direct deposit/ACH, or PayPal.
Settlement Payments to Participating Class Members. If the Settlement is granted final approval, after deduction of any Court-approved attorneys’ fees, litigation expenses, service payments to the Class Representatives, and expenses of settlement administration, the remaining amount (“Net Settlement Amount”) will be divided equally between the Participating Class Members. As soon as practicable after the Effective Date of the Settlement, the Settlement Administrator will mail to each Participating Class Member a check representing that person’s settlement payment. The “Effective Date” will be determined as follows: (a) The Effective Date will be the date the Court enters an order and judgment granting final approval of the Settlement (“Judgment Entry Date”) unless a Class Member files a timely objection to the Settlement that is not withdrawn on or before the Judgment Entry Date; (b) If a Class Member files a timely objection to the Settlement that is not withdrawn on or before the Judgment Entry Date, then the Effective Date will be sixty-one (61) days following the Judgment Entry Date, unless that Class Member files a timely notice of appeal of the judgment; and (c) If a Class Member who has filed a timely objection to the Settlement also files a timely notice of appeal of the judgment, then the Effective Date will be the date the appeal is dismissed or the judgment is affirmed and no longer subject to mandatory or discretionary appellate review.
Settlement Payments to Participating Class Members. The Settlement Administrator shall make three payments to the Class Members who have made Valid Claims. The distribution will be mailed by the Settlement Administrator within twenty eight (28) days following the date on which the Court has approved the Settlement and there are no remaining disputes by Class Members. The second distribution will be mailed by the Settlement Administrator within six months of the first distribution. The third distribution will be mailed by the Settlement Administrator within six months of the second distribution. ALL CHECKS RECEIVED PURSUANT TO THIS SETTLEMENT MUST BE CASHED WITHIN 60 DAYS FROM THE DATE OF MAILING. FAILURE TO CASH ANY CHECK WITHIN 60 DAYS WILL MAKE PARTICIPATING CLASS MEMBERS INELIGIBLE FOR FURTHER PAYMENTS.
Settlement Payments to Participating Class Members. The number of full workweeks that a 23 Participating Class Member was on a leave of absence, sick time, or vacation during the Class Period 24 shall be excluded from the total number of Workweeks.

Related to Settlement Payments to Participating Class Members

  • Settlement Class 66. The “Rule 23(b)(2) Settlement Class Releasing Parties” are the Class Plaintiffs, each and every member of the Rule 23(b)

  • Settlement Payments A. Each Participating Class Member will receive a pro-rata portion of the Net Settlement Amount. The “Net Settlement Amount” is the Settlement Amount (plus any accrued interest thereon) reduced by any sums awarded by the Court for attorneys’ fees, litigation expenses, service payments, and all expenses of settlement administration (including expenses previously incurred and the Settlement Administrator’s good faith estimate of future expenses to be incurred). The pro-rata share of each Participating Class Member shall be computed by dividing the Net Settlement Amount by the number of Participating Class Members. There will be no cap on the settlement payment that a Class Member may receive. B. As soon as practicable after the Effective Date, the Settlement Administrator will mail to each Participating Class Member a check representing that person’s settlement payment. The Settlement Administrator will indicate on the check stub that the Participating Class Member should consult his or her tax advisor regarding the tax consequences of the settlement payment. In the event any check is returned to the Settlement Administrator as undeliverable, the Settlement Administrator will attempt to contact the Participating Class Member by telephone or perform a skip trace to attempt to locate a current address and re-mail the check. Any check that is not cashed within one hundred and twenty (120) days of its mailing by the Settlement Administrator will be void. Any portion of the Settlement Amount, including any accrued interest, that remains unpaid at the end of one hundred and forty-five (145) days will be paid to a cy pres recipient mutually proposed by the Parties and approved by the Court, unless the Court orders otherwise.

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