Examples of Expense Awards in a sentence
The Settlement Fund includes the Notice and Administration Fund and Fee and Expense Award(s).
Class Counsel shall allocate any Attorneys’ Fee Awards and Expense Awards among counsel for the Class Plaintiffs and counsel for other plaintiffs in the Class Actions in a manner which they in good faith believe reflects the contribution of those counsel to the prosecution and settlement of the Class Actions in this Action.
Available: https://www.lindawater.com/documents/1248/2019_Annual_CCR.pdf.
Fee Awards” means all attorneys’ fees that are awarded by the Court to Class Counsel or other counsel in the Class Actions for work performed for the benefit of members of the Rule 23(b)(3) Settlement Class or the Rule 23(b)(2) Settlement Class, but not including Expense Awards, Class Plaintiffs’ Awards, or Settlement Administration Costs.
Those negotiations resulted in the following allocation: All costs of Settlement Administration, including but not limited to, costs related to Class Notice, fees and expenses of the ClaimsAdministrator, Notice Administrator and the Special Masters, and the Fees and Expense Awards shall be deducted from the Settlement Fund.
Awards” means any incentive or service awards that the Court orders to be paid to a Class Plaintiff, but not including Attorneys’ Fee Awards, Expense Awards, or Settlement Administration Costs.
Infante (Ret.);15 WHEREAS, under the Settlement Agreement (which defines the capitalized terms used16 herein), Bumble agrees to establish a Settlement Fund of $22,500,000 that will be used to pay (a)17 Settlement Payments to Settlement Class Members; (b) Fee and Expense Awards to Class Counsel;18 (c) Service Awards to the named Plaintiffs; (d) Settlement Administration Costs, including costs of19 notice (including CAFA Notice); and (e) cy pres payment(s) if any funds remain.
Any approved notice shall describe the Settlement; the proposed Plan of Allocation; the attorneys’ Fee and Expense Applications and/or Fee and Expense Awards and Lead Plaintiffs’ Compensatory Awards (consistent with ¶¶ 7.0, 7.1, and 7.6); the date of the Final Approval Hearing; Settlement Class Members’ rights to opt out, object or otherwise be heard with regard to these matters; and Settlement Class Members’ opportunity to file claims upon the Net Settlement Fund.
The amount of the Settlement Fund to be allocated shall be calculated as the Settlement Amount of $28 million, adjusted for Fee and Expense Awards, Administration Expenses, interest, and dividends.
If any payment for Fee and Expense Awards or Incentive Awards is made prior to the Final Settlement Approval Date, then such funds will be held in a client trust account by Class Counsel until the Final Settlement Approval Date.