California SPI Subclass definition

California SPI Subclass means all Settlement Class Members residing in California at the time of the Incident to whom VWGoA and/or Audi sent notice that their SPI may have been exposed as a result of the Incident.

Examples of California SPI Subclass in a sentence

• A California SPI Subclass member or Nationwide SPI Subclass member who elects to submit a Settlement Claim for reimbursement of Out-of-Pocket Losses must also provide to the Settlement Administrator information required to evaluate said claim, including: (1) documentation reasonably supporting his or her claim, and (2) a brief description of the nature of the loss, if the nature of the loss is not apparent from the documentation alone.

• California SPI Subclass members are eligible for a cash payment of $350.

• California SPI Subclass and Nationwide SPI Subclass members who submit Settlement Claims for reimbursement of Out-of-Pocket Losses may not also submit Settlement Claims for cash payments.

• Specifically, $2,000,000 of the Settlement Sum will be initially allocated to Tier 1 of the Settlement Fund and will be available to pay Settlement Awards to the California SPI Subclass members; $800,000 of the Settlement Sum will be allocated to Tier 2 and will be available to pay Settlement Awards to Nationwide SPI Subclass members; and $700,000 will be allocated to Tier 3 and will be available to pay Settlement Awards to Nationwide PI Subclass members.

• If the total dollar amount of all Valid Settlement Claims for California SPI Subclass Payments exceeds the amount available to pay said claims, the payment amount will be reduced pro rata.

• California SPI Subclass and Nationwide SPI Subclass members who submit Valid Settlement Claims for reimbursement of Out-of-Pocket Losses which would entitle them to less than the amount of a California SPI Subclass or Nationwide SPI Subclass Cash Payment will receive a California SPI Subclass or Nationwide SPI Subclass Cash Payment.

• California SPI Subclass members may submit Settlement Claims for cash payments of $350 (“California SPI Subclass Cash Payments”).