Undistributed Funds. The term “Undistributed Funds” refers to any amounts either (i) due to Eligible Employees who do not opt in or out to receiving a payment or (ii) are not cashed by an Eligible Employee within 90 days of the date of payment. The Company shall notify the District of the amount of Undistributed Funds by no later than 150 days after the Claims Deadline. The Company shall then make a payment to the District in the amount of the Undistributed Funds without any tax withholdings by no later than 150 days after the Claims Deadline.
Undistributed Funds. If the Fund does not award all of the funding allocated for Discretionary projects in a fiscal year, then that amount shall be carried over into the subsequent fiscal years and may be made available to fund projects that are eligible to be funded through a Discretionary grant in subsequent fiscal years.
Undistributed Funds. Any portion of the Gross Settlement Fund not distributed as per the terms hereof shall revert to Defendant. In the event that any checks mailed to Settlement Class members remain uncashed after the expiration of 90 days, or an envelope mailed to a Settlement Class member is returned and no forwarding address can be located for the Settlement Class member after reasonable efforts have been made, then any such funds shall revert to Defendant.
Undistributed Funds. Any portion of the funds deposited with the Payments Administrator pursuant to Section 2.10(a) that remains undistributed on the date that is one year after the Effective Time shall either (a) if requested in writing by the Purchaser, be distributed to the Purchaser to be held and disposed of by the Purchaser in accordance with Applicable Law or (b) in the absence of written instruction from the Purchaser, remain in a custodial account for the benefit of customers of the Payments Administrator for eventual distribution to either such Company Equityholders or to the applicable Governmental Authority in compliance with the laws of escheat.
Undistributed Funds. Any portion of the Shareholder Fund which remains undistributed to the shareholders of the Company for six months after the Effective Time shall be delivered by the Escrow Agent (along with interest accruing thereon from and after the Availability Date as provided in SECTION 2.1(h)) to the Surviving Corporation, upon demand, and any shareholders of the Company who have not theretofore complied with this ARTICLE II shall, subject to any applicable abandoned property, escheat or similar law, thereafter look only to the Surviving Corporation for the Consideration or Net Consideration payable in the Merger (plus interest only as expressly provided in SECTION 2.1(h)). None of Parent, Merger Sub, the Company or the Surviving Corporation shall be liable to any holder of shares of Company Common Stock or securities convertible into Company Common Stock for such Consideration or Net Consideration payable in the Merger delivered to a public official pursuant to any applicable abandoned property, escheat or similar law.
Undistributed Funds. The term “Undistributed Funds” refers to any amounts either (i) due to Eligible Employees who do not opt in or out to receiving a payment or (ii) are not cashed by an Eligible Employee within 180 days of the date of payment. Respondent shall notify the District of the amount of Undistributed Funds by December 15, 2023. Respondent shall then make a payment to the District in the amount of the Undistributed Funds by December 31, 2023. Payments made to the District pursuant to this term may be used for any lawful purpose, including, but not limited to: deposit to the District’s litigation support fund; defrayal of the costs of the inquiry leading hereto; defrayal of the costs of administration or distribution; or for other uses permitted by District law, at the sole discretion of the Attorney General for the District of Columbia. Respondent agrees to cooperate with the District in obtaining any modification to the language of this paragraph needed to facilitate the administration of the District’s payment under this paragraph.
Undistributed Funds. The term “Undistributed Funds” refers to any amounts either (i) due to Eligible Employees who do not opt in or out to receiving a payment or (ii) are not cashed by an Eligible Employee within 180 days of the date of payment. Respondent shall notify the District of the amount of Undistributed Funds by December 15, 2023. Respondent shall then make a payment to the District in the amount of the Undistributed Funds by December 31, 2023. OAG will deposit the Undistributed Funds into the Attorney General Restitution Fund and treat such funds consistent with the process set out in D.C. Code § 1–301.86c, et seq.
Undistributed Funds. The term “Undistributed Funds” refers to the sum of amounts in Appendix A either (i) due to Eligible Employees who neither opted in or out or
Undistributed Funds. The term “Undistributed Funds” shall refer to any monies due under Paragraph 3(b) that are: (a) undeliverable by certified mail, or (b) any check issued that remains uncashed within 60 days of the Driver’s receipt. HCC shall notify NJDOL of the amount of Undistributed Funds within 120 days after the Effective Date, to the extent not already notified by the Claims Ledger. HCC shall make a payment to the NJDOL in the amount of the Undistributed Funds within 120 days after the Effective Date. Following the submission of all documentation and Undistributed Funds to NJDOL in accordance with the requirements of Paragraph 3, NJDOL will provide the HCC Parties with written confirmation that NJDOL is in receipt of the same and that HCC need take no further action to meet its obligations under Paragraph 3 of this Agreement.
