Examples of Cash Award in a sentence
In the Email Notice, Mail Notice, and Website Notice, Settlement Class Members will be notified of the Settlement and each will be given the option to submit a Claim Form that specifies to the Settlement Administrator whether a Cash Award shall be received by physical check, electronic check, or ACH transfer.
The Settlement Administrator will distribute the Cash Award component of the Class Payment to Settlement Class Members in accordance with Section 6 below.
If, however, the total Cash Awards exceed the Available Cash Award Total, the Cash Awards to the Settlement Class Members who have submitted Valid Claims will be reduced on a pro rata basis until the Cash Awards equal the Available Cash Award Total.
Any purported Tier 1 Claim that fails to meet the requirements of a Tier 1 Claim and is otherwise eligible becomes a Tier 2 Claim, for which Class Payment will be made in the same form of either Cash Award or Credit Award as submitted.
The Settlement Administrator shall be responsible for reviewing all claims to determine each claimant’s eligibility for a Cash Award.