Timing of Settlement Payments. The Settlement Administrator shall make the Settlement Payments contemplated in Section 2 of this Settlement Agreement to all Settlement Class Members within twenty-eight (28) days after the Effective Date.
Timing of Settlement Payments. The Claims Administrator shall give notice to the QSF Administrator of the total amount of the final Settlement Payment(s) (including, as applicable, Points Award Payments and/or EI Payments, or Injury Level VI Payments) to be made to each Qualifying Program Claimant, within seven (7) days following the Claim’s Administrator’s Final Point Valuation. Subject to the provisions of Section 11.04 regarding Releases, Settlement Payment(s) shall be made to each Qualifying Program Claimant in accordance with such notices no later than ten (10) days following the later of:
(1) the Final Funding Date, or (2) notification given from the Lien Resolution Administrator to the Claims Administrator and Daiichi Sankyo that such Claimant’s outstanding Liens have been satisfied or otherwise resolved in accordance with Article XIII. If Claimant has no outstanding Liens, Final Payment shall be made from the QSF within ten (10) days following the Final Funding Date.
Timing of Settlement Payments. Payment of the Settlement Share shall be made in accordance with the following:
a. Upon receipt of the two equal installment Settlement Payments from Defendants, the Claims Administrator shall promptly (but no later than three days later) deposit the funds into an interest-bearing bank account, held in escrow for the purpose of effectuating this Settlement. The Parties agree to treat this account as a “Qualified Settlement Fund” pursuant to section 468(13) of the Internal Revenue Code of 1986, as amended, and the Claims Administrator shall treat the Qualified Settlement Fund as the “employer” for purposes of federal and state income and employment tax withholding and reporting with respect to the Settlement Share.
b. After each date following payment of each installment, the Claims Administrator shall issue to each qualifying Final Settlement Class member a check for a portion of his or her Settlement Share (less applicable taxes) via first-class mail. Checks not negotiated within 120 days from their issue date are void and those Final Settlement Class members shall cease to be entitled to a future Settlement Share, but this Agreement and the release herein will nonetheless be binding upon them as if they had cashed their checks. Any unclaimed funds in the Claims Administrator’s account as a result of the failure to timely cash Settlement Share checks shall be distributed by the Claims Administrator to the State of California Controller’s Office Unclaimed Property Fund in the names of the individuals upon the expiration of the 120 day period for the last such check issued.
c. Class Counsel will advise Defendants and the Claims Administrator as to the amount of attorneys’ fees and costs awarded by the Court. Class Counsel shall also advise Defendants and the Claims Administrator as to how the enhancement award shall be paid to the Named Plaintiffs, whether by check sent directly to the Named Plaintiffs or provided to Class Counsel. Within twenty (25) days of the final distribution, the Claims Administrator shall distribute the proportionate fees, costs and enhancement award, and within twenty-five (25) business days of the final distribution, the Claims Administrator shall make payment to the LWDA provided for in Section IX(A)(4) above as set forth in this Agreement.
Timing of Settlement Payments. Within seven (7) days after the Effective Date, the Claims Administrator shall pay each Class Member the Class Member’s portion of the Settlement Award in accordance with the Claims Administrator's Final Calculation, as described above at Paragraphs 19 and 41.
Timing of Settlement Payments. As set forth in Section 5.06.b. above, no 11 later than fifteen (15) calendar days following the Final Effective Date, Defendant shall remit 12 the full Gross Fund Value Amount to the Claims Administrator via wire transfer (or other 13 method reasonably calculated to be received by the Claims Administrator within fifteen (15) 14 calendar days after the Final Effective Date) for the purposes of making the payments 15 described herein. Payments from the Gross Settlement Fund shall fund the settlement and 16 meet the obligations of Section 5.06.b and be paid by the Claims Administrator within the 17 time frames set forth below in sections 5.06.d.1-5. 18 Payments of the following from the Gross Fund Value Amount shall be made in 19 accordance with the following subparagraphs:
Timing of Settlement Payments. The Settlement Administrator shall open the Escrow Account and make all Settlement Payments to Class Members by check and send them via First Class U.S. Mail, or via other means as agreed between the Settlement Administrator and the Settlement Class Members in accordance with the Settlement Payment Schedule. The Settlement Administrator shall also make the payments to Class Counsel, Plaintiff and Defendant, if any, by check or as otherwise directed by these payees.
Timing of Settlement Payments. Within three (3) days after the Settlement becomes Final, as defined in this Agreement, the Settlement Administrator will provide Vaco with wire transfer information. Within twenty (20) days after the Settlement Administrator provides Vaco with wire transfer information, Vaco will transfer the Total Settlement Amount to the Settlement Administrator via wire transfer. Within seven (7) days thereafter, the Settlement Administrator will pay to Class Members the Settlement Shares; to Plaintiff, the Class Representative Payment; to Class Counsel, the Class Counsel Fees and Expenses Payment; and to the Settlement Administrator, its reasonable fees and expenses.
Timing of Settlement Payments. Unless otherwise provided in the Final Order and Judgment, each Settling Party, as appropriate, shall pay such Settling Party’s respective Settlement Payment into the Settlement Fund Account or direct the Receiver, in writing, to disburse its respective Settlement Payment from the Escrow Account into the Settlement Fund Account no later than thirty (30) days after the later of the following to occur: (a) the Effective Date; or (b) the creation of the Settlement Fund and appointment of the Settlement Administrator.
Timing of Settlement Payments. The Total Settlement Amount shall be paid into the Settlement Administrator's trust account (“Trust Account”) as follows:
a. Within 15 days of the Final Order of Approval of the class action settlement, the Defendant shall deposit into the Trust Account, the amount of $75,000.
b. On a quarterly basis thereafter, commencing 90 days after the Final Order of Approval, the Defendant shall pay $25,000, until the Total Settlement Amount is fully funded.
c. In addition to the Total Settlement Amount, the Defendant will deposit into the Trust Account, the amount sufficient to cover the employer's required payroll taxes, if any, for that portion of the Total Settlement Amount that is allocated to unpaid wages.
d. Payments shall be made to the Claims Administrator's trust account to be administered in accordance with the terms of the court's approved settlement.
Timing of Settlement Payments a. Two weeks after the Settlement becomes Final, the Settlement Administrator will pay to Class Counsel the Class Counsel Fees Payment and the Class Counsel Litigation Expenses Payment.
b. Four weeks after the Settlement becomes Final, the Settlement Administrator will pay to eligible Participating Class Members or their bankruptcy trustees, the Net Settlement Shares; to the responsible tax authorities, the employer’s share of payroll taxes on Settlement Shares and any other required tax withholding and deductions; to Plaintiffs, the Class Representative Payments and the Special Xxxxx Settlement Payment; to the LWDA, the LWDA Payment; and to the Settlement Administrator, its reasonable fees and expenses.
