WHAT IS THE PROPOSED SETTLEMENT Sample Clauses

WHAT IS THE PROPOSED SETTLEMENT. Without admitting any fault or liability, and in exchange for a release of all claims relating to the collection of biometric information, Defendant has agreed to make up to $188,100.00 (the “Settlement Fund”) available to pay Settlement Class Members, to pay a service award to Plaintiffs for serving as the “Class Representatives,” to pay attorneys’ fees and expenses to Class Counsel, and to pay settlement administration costs. Each person who is successfully delivered notice and who does not timely exclude themselves from the settlement will be entitled to a pro rata share of the Net Settlement Fund, which shall be calculated as follows: the Settlement Fund minus (i) the Incentive Award,
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WHAT IS THE PROPOSED SETTLEMENT. The parties to the lawsuit have agreed to settle after extensive litigation and negotiations. Under the proposed settlement, Xxxxxx, through its insurer, has agreed to pay $287,500 into a Settlement Fund. The Settlement Fund will pay the fees of plaintiff’s attorneys (no more than $86,250), plus costs of notice and administration, and an award to the plaintiff ($4,500, in addition to its recovery as a class member). After these amounts are deducted, each Class Member who submits a valid claim will receive a pro rata share of the remaining money. If you are a Class Member and you submit a valid claim, your share of the settlement fund depends on how many Class Members submit valid claims. According to defendant’s records, there are 9,963 unique fax numbers that were sent at least one, but most likely, more than one of 53 unique faxes. Therefore, if 10% of the Class Members submit a valid claim, you may expect to recover approximately $192. If 20% of the Class Members submit a valid claim, you may expect to recover approximately $96.
Sample 1
WHAT IS THE PROPOSED SETTLEMENT. Without admitting any fault or liability, and in exchange for a release of all claims about the Settlement Class’s biometrics, Defendant has agreed to make available a settlement fund of $600,000 (the “Settlement Fund”) to pay Settlement Class members, to pay an incentive award to the Plaintiff for serving as a Class Representative, and to pay attorneys’ fees and expenses to Plaintiff’s attorneys. Each person who does not timely exclude themselves from the settlement will be mailed a check for their pro rata share of the Settlement Fund. Each Class Member who does not exclude themselves from the settlement is estimated to receive $ . The Court has preliminarily approved this settlement, subject to a fairness hearing that will occur on , in Courtroom 4A of the Xxxxxxxxxx County Courthouse. You are not required to appear at this hearing unless you object to the settlement.
Sample 1
WHAT IS THE PROPOSED SETTLEMENT. Without admitting any fault or liability and in exchange for a release of all claims regarding the fax advertisements, Defendant has agreed to pay a total of $6,000,000.00 to create a non-reversionary settlement fund (the “Settlement Fund”). The Settlement Fund shall be available to pay each Class member who does not opt out of the Class their pro rata share of the Settlement Fund, less attorneys’ fees, litigation expenses, settlement administration costs, and an incentive award to the Class Plaintiff set by the Court. Plaintiff will ask the Court to approve settlement administration costs, and an incentive award of $15,000.00 to Plaintiff for his time and efforts spent in responding to written discovery, sitting for deposition, and attending a mediation, which resulted in obtaining this settlement on behalf of the Class. Class Counsel will petition the Court for an award of attorneys’ fees of 33 1/3% of the Settlement Fund ($2,000,000.00) plus its litigation expenses. Final approval and a determination of an incentive award, attorneys’ fees, settlement administration costs, and litigation expenses are subject to a fairness hearing that will occur on , 2020 at US Xxxxxxxx Xxxxx, Xxxxxxxx Xxxxxxxx of Illinois, 000 Xxxxx Xxxxxxxx Xxxxxx, Xxxxxxxxx 0000, Xxxxxxx, XX 00000, at a.m.
Sample 1
WHAT IS THE PROPOSED SETTLEMENT. Without admitting any fault or liability, and in exchange for a release of all claims relating to the collection of biometric information, Defendant has agreed to make up to $225,000.00 (the “Settlement Fund”) available to pay Settlement Class Members, to pay a service award to Plaintiff for serving as the “Class Representative,” to pay attorneys’ fees and expenses to Class Counsel, and to pay settlement administration costs. Each person who is successfully delivered notice and who does not timely exclude themselves from the settlement will be entitled to a pro rata share of the Net Settlement Fund, which shall be calculated as follows: the Settlement Fund minus (i) the service award, (ii) Class Counsel’s requested fees and expenses, and (iii) settlement administration expenses and costs of issuing settlement notice and administration, which amount is then divided by the number of persons successfully delivered notice on the Settlement Class List and who do not elect to be excluded from the settlement. The Court has preliminarily approved this settlement, subject to a fairness hearing that will occur on DATE, 2022 at TIME at the courthouse located at the Cook County Courthouse, 00 Xxxx Washington Street Chicago, IL 60602 via Zoom [Meeting ID: ].
Sample 1
WHAT IS THE PROPOSED SETTLEMENT. Without admitting any fault or liability, and in exchange for a release of all claims against it, if the Settlement is finally approved, Xxxxxx Dental, Inc. has agreed to pay $100 per claim or $100 per fax, depending on the claims method selected on the claim form below. Xxxxxx Dental will create a guaranteed Settlement Floor of $1,600,000 to pay those class members who submit a claim form, to pay an incentive award to Plaintiff for serving as the class representative, and to pay attorney’s fees and litigation expenses to Plaintiff’s attorneys (the “Agreed Payments”). Plaintiff’s attorneys will request fees and expenses in an amount not to exceed 1/3 of the Settlement Floor. If the Agreed Payments exceed $1,600,000, Xxxxxx Dental will pay all necessary funds to meet the Agreed Payments; in other words, the Settlement Floor has no ceiling. If the Court approves the settlement, all of the Class members who submit a valid and timely Proof of Claim Form (attached) will be mailed a check for either (a) $100, per claim, which may be increased pro rata up to $1,500 per claim, or (b) $100 per fax, which may be increased pro rata up to $1,500 per fax, depending on the option selected by the Class member on the claim form below. The per claim and per fax awards are not subject to reduction. The Court has preliminarily approved this settlement, subject to a fairness hearing that will occur in Court Room 10 South of the United States District Court for the Eastern District of Missouri, Eastern Division, 000 Xxxxx 00xx Xxxxxx, Xx. Xxxxx, Xxxxxxxx, 00000 on , 2016, at a.m./p.m.
Sample 1
WHAT IS THE PROPOSED SETTLEMENT. While denying any fault or liability, and in exchange for a release of all claims against it, if the Settlement is finally approved, Defendant has agreed to create a settlement fund of $360,000 (the “Settlement Fund”) to pay those class members who submit a valid and timely claim form, to pay an incentive award to Plaintiff for serving as the class representative, to pay attorneys’ fees and litigation expenses to Plaintiff’s attorneys, and to pay reasonable settlement administration costs. If the Court approves the settlement, all of the Settlement Class members who submit a valid and timely Proof of Claim Form (attached) will be mailed a check for their pro rata share of the Settlement Fund, with the net amount not to exceed $500 per pre-recorded call you received during the Class Period. The Settlement Fund will all be paid out; your share will depend on the number of claims submitted. The Court has preliminarily approved this settlement, subject to a final fairness hearing that will occur on, , 20 , at a.m./p.m., in Courtroom 00 Xxxxx, Xxxxxx Xxxxxx Xxxxxxxx Xxxxx for the Eastern District of Missouri, Xxxxxx X. Xxxxxxxx U.S. Courthouse, 000 Xxxxx 00xx Xxxxxx, Xx. Xxxxx, XX 00000.
Sample 1
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Related to WHAT IS THE PROPOSED SETTLEMENT

  • What Does The Settlement Provide The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court. Class Members fall into two categories: Current Participants and Former Participants. Allocations to Current Participants who are entitled to a distribution under the Plan of Allocation will be made into their existing Plan accounts. Former Participants who are entitled to a distribution will receive their distribution as a check mailed to their last known address or, if they elect, as a rollover to a qualified retirement account. In addition to the monetary component of the Settlement, as discussed above, Defendant agreed that the Plan’s fiduciaries will conduct a RFP process for recordkeeping services to the Plan. Within the first year following final approval of the Settlement, Defendant has agreed to publish a communication to then current Plan participants explaining the risks and benefits of the Plan’s money market fund investment option. Defendant also will use an independent consultant familiar with fixed income investment options in such plans who will review the investment lineup and make recommendations to the Plan’s fiduciaries regarding whether to retain the money market fund and whether to add a stable value or comparable fund. In addition, during the three-year Settlement period, Defendant has agreed to provide Class Counsel a list of the Plan’s investment options and fees. In considering investment options for the Plan, Defendant has agreed that the Plan’s fiduciaries will consider: (1) the lowest-cost share class available for any mutual fund considered for inclusion in the Plan as well as other criteria applicable to different share classes; (2) the availability of revenue sharing rebates on any share class available for any mutual fund considered for inclusion in the Plan; and (3) the availability of collective trusts, to the extent such investments are permissible and are otherwise identical to a particular mutual fund considered for inclusion in the Plan All Class Members and anyone claiming through them will fully release the Plan as well as Defendant and its “Released Parties” from “Released Claims.” The Released Parties include (a) Defendant and its insurers,

  • Requirement to Have a Single Audit The Subrecipient will complete the Subrecipient Annual Report annually within 45 days after its fiscal year end, informing the State of Vermont whether or not a Single Audit is required for the prior fiscal year. If a Single Audit is required, the Subrecipient will submit a copy of the audit report to the granting Party within 9 months. If a single audit is not required, only the Subrecipient Annual Report is required. For fiscal years ending before December 25, 2015, a Single Audit is required if the subrecipient expends $500,000 or more in Federal assistance during its fiscal year and must be conducted in accordance with OMB Circular A-133. For fiscal years ending on or after December 25, 2015, a Single Audit is required if the subrecipient expends $750,000 or more in Federal assistance during its fiscal year and must be conducted in accordance with 2 CFR Chapter I, Chapter II, Part 200, Subpart F. The Subrecipient Annual Report is required to be submitted within 45 days, whether or not a Single Audit is required.

  • THE SETTLEMENT CONSIDERATION 10 8. In consideration of the settlement of the Released Plaintiffs’ Claims against 11 Defendants and the other Defendants’ Released Parties, Defendants shall pay or cause to be paid 12 the Settlement Amount into the Escrow Account within fifteen (15) calendar days after the later 13 of: (a) the date of entry by the Court of an order preliminarily approving this Settlement; or

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