Examples of Final Settlement Class in a sentence
Within thirty (30) days of the Effective Date, the Settlement Administrator will disburse payments (either by electronic payment or check) for approved Claims to each Final Settlement Class Member who submits a timely and valid Claim Form.
If 18 any Final Settlement Class Member’s check is not cashed within that period, and if the aggregate 19 funds represented by the uncashed checks total $15,000 or more, they will be distributed to each 20 remaining Class Member who is participating in the Settlement and who cashed or deposited their 21 check for their individual Settlement Amount in the same method as used in calculating their 22 respective initial Settlement Amount.
The Notice will advise all Settlement Class 14 Members of the binding nature of the releases provided herein and such shall have the same force 15 and effect as if this Settlement Agreement were executed by each Final Settlement Class Member.
The Settlement Administrator shall also be 6 responsible for issuing to Plaintiff, Final Settlement Class Members, and Class Counsel any Forms 7 W-2, Forms 1099, or other tax forms as may be required by law for all amounts paid pursuant to this 8 Agreement.
However, the Release will be binding upon all Final Settlement Class Members including 2 those who do not cash their checks within the 180-day period.
Members of the Final Settlement Class will be required to submit a Claim Form to receive a distribution payment from the Settlement Fund.
Without limiting the 10 foregoing, in the event a Final Settlement Class Member notifies the Settlement Administrator that 11 he/she/they believe that a settlement check has been lost or stolen, the Settlement Administrator shall 12 immediately stop payment on such check.
Each Final Settlement Class Member is limited to the submission of one Claim Form and in no event shall a Final Settlement Class Member receive more than distribution.
The costs of settlement administration, including notice and distributions to members of the Final Settlement Class, the costs of administrating the Settlement Fund, and reasonable fees of the Settlement Administrator, Plaintiffs’ Counsel’s Fees and Expenses and Class Representatives’ Service Awards shall be paid exclusively from the Settlement Fund.
Final Settlement Class Members shall have 17 180 calendar days after mailing by the Settlement Administrator to cash their settlement checks.