What Are the Monetary Terms Of the Settlement Sample Clauses

What Are the Monetary Terms Of the Settlement. Xxxxx Fargo has agreed to pay a maximum of Thirty Five Million Dollars ($35,000,000.00) to settle the Lawsuit (“Maximum Settlement Amount”). The Maximum Settlement Amount will first be used to pay all of the following: (1) attorneys’ fees and costs for Class Counsel that are approved by the Court; (2) all settlement administration fees and costs; and (3) service awards to Plaintif fs and Opt-In Plaintiffs in the amounts approved by the Court. In addition, $100,000 will be set aside as a Reserve Amount to cover any correctible errors or omissions that are made during the Settlement administration process. The remaining amount is the Net Settlement Amount. The Net Settlement Amount will be used to make settlement payments to anyone (including you) who (1) is a member of the Settlement Collective and/or (2) is a member of the Settlement Class and does not opt out of the Settlement.
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