Collective Counsel definition
Examples of Collective Counsel in a sentence
In the event that fees or costs have been paid to Collective Counsel, and the Settlement does not become effective for any reason, or if the Judgment or order granting the fee and cost award is reversed or modified on appeal, then Collective Counsel shall within seven (7) business days of a request from Defendant or the Settlement Administrator, refund to the Settlement Fund any affected amounts paid to them.
Collective Counsel will apply to the Court for an award of attorneys’ fees in a total amount of twenty-five percent (25%) of the Settlement Sum, i.e., $2,750,000, plus their litigation costs and expenses.
Any information provided to the Claims Administrator by Settlement Collective Members will be confidential and not shared with anyone other than Collective Counsel, Defendant’s Counsel, or Defendant.
Defendant will have no liability or other responsibility for the allocation of attorneys’ fees or costs, which decision shall be made solely by Collective Counsel.
Any appeal by Collective Counsel of the attorneys’ fees and costs awarded by the Court in connection with this Settlement shall not be a basis for any party to have this Agreement become null and void.
To account for any errors and omissions, in calculating the payment amounts set forth in Exhibit C, Collective Counsel allocated $100,000 from the Net Settlement Fund to be used to resolve any disputes that may arise concerning the distribution of funds or payment calculations.
Within ten business days after the entry of the Approval Order, Defendants will wire the Common Fund Amount to an account designated by the Third-Party Administrator who, thereafter, will promptly distribute the Court-approved attorneys’ fee and cost amounts to Collective Counsel and the Service Award to the Named Plaintiff (defined infra Section VI.A.3).
Upon approval of the Agreement by the Court, execution of the Agreement by Collective Counsel will fully effectuate the release provisions herein to which each Settlement Collective Member is bound.
Within thirty (30) business days of Defendants’ deadline to make the payment pursuant to Section 4.1(B) hereof, the Settlement Administrator shall mail, by first-class United States Mail, to Claiming Collective Members checks in the amounts determined by Collective Counsel pursuant to Section 5.1 of this Agreement and drawn on the account of the Collective Settlement Fund.
Collective Counsel and the Collective Members hereby irrevocably and unconditionally release, acquit, and forever discharge any claim that they may have against ▇▇▇▇▇▇ for attorneys’ fees or costs associated with Collective Counsel’s representation of the Collective.