Common use of Treatment of Uncashed Checks Clause in Contracts

Treatment of Uncashed Checks. Settlement Payment Checks must be cashed within six months after they are mailed to Claimants. If Settlement Payment Checks are not cashed within six months, they will be void, and the Claimant will not be entitled to any further relief. If there are any uncashed checks, the amounts attributable to those checks will be distributed to a designated cy pres organization(s) to be mutually agreed upon by the Parties, and approved by the Court, within nine months after the Settlement Payment Checks are distributed.