Fiduciary Fees definition
Examples of Fiduciary Fees in a sentence
Any award of Attorneys’ Fees and Expenses and Case Contribution Awards approved by the Court, in addition to the Administration Costs, Independent Fiduciary Fees and Costs, and Taxes and Tax-Related Costs will be paid from the Settlement Fund.
The Settlement Amount—after the deduction of amounts to be approved by the Court for Class Counsel’s Attorneys’ Fees and Expenses and Case Contribution Awards to the named Plaintiffs, as well as Administration Costs, Independent Fiduciary Fees and Costs, and Taxes and Tax-Related Costs2—and Anticipated Future Benefit will be distributed to eligible Class Members pursuant to a Plan of Allocation to be approved by the Court.
New Gateway Fund Shareholders will be subject to the Fiduciary Fees noted above.
Fiduciary Fees shall be for managment and reimbursement for work preformed.
When deemed necessary to increase Fiduciary Fees, a 60 day notice will be provided to “Client”.
The Independent Fiduciary Fees shall be paid from the Settlement Amount and such payment shall be considered an Administrative Cost.
The Total Settlement Payment specifically satisfies any and all claims for costs and attorneys’ fees by Class Counsel, Case Contribution Award(s) to Named Plaintiffs, Settlement Administration Expenses, Independent Fiduciary Fees and Costs, and Taxes, in addition to any amounts to be distributed to Settlement Class members pursuant to this Settlement Agreement.
Notwithstanding anything else in this Agreement (except with respect to Independent Fiduciary Fees and costs in excess of $25,000), in no event shall Defendants be required to pay any amounts other than the Settlement Amount.
Such amount shall, in the first instance, be used to pay the Independent Fiduciary Fees and Costs and Settlement Administration expenses actually and reasonably incurred.