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 Settlement Shares shall be made in accordance with the following subparagraphs:
a. Defendant shall meet its obligation to pay the Maximum Settlement Amount to the Claims Administrator the period set forth in section IX.A., above.
b. Within ten (10) days after entry of the Final Approval Order, the Claims Administrator shall provide to the Parties a written statement indicating how the Maximum Settlement Amount will be allocated. The allocation shall include the attorneys’ fees and litigation costs of Class Counsel as awarded by the Court, claims administration expenses to the Claims Administrator, an enhancement award to the Named Plaintiff as awarded by the Court, the payment to the LWDA, Defendant’s share of payroll taxes, and the total of all payments to be paid to all eligible Final Settlement Class members.
c. Upon receipt of the Maximum Settlement Amount from Defendant, the Claims Administrator shall promptly (but no later than three (3) days), 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 Shares.
d. Within ten (10) days of the Final Effective Date, 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 180 days from their issue are void, but this Agreement and the release herein will nonetheless be binding as if they had cashed the 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 cy pres beneficiary Bay Area Legal Aid.
e. Class Counsel will advise Defendant and the Claims Administrator as to the amount of attorneys’ fees and costs payments awarded by the Court. Class Counsel shall also advise Defendant and the Claims Administrator as to how the enhancement award shall be paid to the Named Plaintiff, whether by check sent directly to the Named Plaintiff or provided to Class Counsel. Within ten (10) days of the Final Effecti...
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 must make all settlement payments contemplated in Section 3 of this Agreement by check and mail them to Damages Settlement Subclass Members within thirty days after the Effective Date.
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. The Settlement Administrator will make three disbursements from the Gross Settlement Amount. The first disbursement of $200,000 will be made no later (45) days after the Effective Date of the Settlement, as defined in this Agreement. In the first disbursement, the Settlement Administrator will meet any reporting obligations and pay individual Class and PAGA settlement awards to Class Members and -approved litigation expenses. The second payment shall be the Court-approved enhancement awards to the Class Representatives and shall be made at the earliest time following completion of the first payment. The third payment will be made no later than fifteen (15) days after Defendants make their 12th and final monthly payment. In the third disbursement, the Settlement Administrator will meet any reporting obligations and pay (1) $7,500 to the LWDA for their portion of the PAGA settlement, (2) Court- that will be maintained by the Settlement Administrator until the final compliance hearing), and (3.
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. 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. Within 28 days after the Settlement becomes Final, as defined in this Agreement, Dollar Tree will transfer to the Settlement Administrator the Maximum Settlement Amount. Within 7 days thereafter, the Settlement Administrator will issue to Class Members the Settlement Shares; to Plaintiffs, the Class Representative Payments; to Class Counsel, the Class Counsel Fees and Expenses Payment; to the LWDA, the LWDA Payment; and to the Settlement Administrator, its reasonable fees and expenses.
