Lump Sum Settlement definition

Lump Sum Settlement means a settlement of the Specified Litigation that provides solely for the Company to make a single, lump sum cash payment and imposes no other obligation of any nature on the Company or any of the other defendants in the Specified Litigation.
Sample 1Sample 2
Lump Sum Settlement has the meaning set forth in Section 4.1(b).
Sample 1
Lump Sum Settlement. If the Member settles their claim for a lump sum amount without any apportionment for loss of income, the Member must immediately pay Blue Cross the lesser of: - 75% of the net lump sum amount (i.e. the total lump sum amount less the legal fees and disbursements incurred to resolve the claim); or - an amount equal to the maximum disability benefits that would have been payable to the Member under the policy. If the net lump sum is more than the total amount of disability benefits paid to the Member up to the date of settlement, no further benefits will be paid until the weekly or monthly benefits, which would have otherwise been payable after the date of settlement, in addition to the amounts already paid by Blue Cross under this provision, equal 75% of the net lump sum amount. Blue Cross may require a Member to sign an acknowledgement that they are bound by this provision. Blue Cross may withhold or discontinue disability benefits if the Member refuses or fails to comply with any of the terms of this provision.
Sample 1

Examples of Lump Sum Settlement in a sentence

  • There is also an inverse relationship between artificial nitrogen inputs and soil carbon sequestration: the more farmers rely on artificial nitrogen fertilisers, the less incentive they have to invest in a healthy soil ecosystem to feed their crops, and the less organic matter they put back into the soil.

  • I certify that I am authorized to sign this Application for Lump Sum Settlement on behalf of the Employer of the member.

  • Required on all lost- time claims with dates of injury in the program period or when recommended by the assigned CareWorks Comp Claims Examiner (b) Safety Program (c) Transitional Duty Program (d) Lump Sum Settlement (e) Onsite inspections.

  • A final decision shall have been issued in any arbitration proceeding commenced for the purpose of determining the Lump Sum Equivalent Amount of any settlement entered into by the Company in connection with the Specified Litigation that is not a Lump Sum Settlement, or any Final Judgment entered by the court in connection with the Specified Litigation that is not a Lump Sum Judgment.

  • Tenant shall remit to Landlord the sum of $120,000.00 (the "Lump Sum Settlement") in cash or certified funds on or before January 31, 2006.

  • If you elect the Cash Lump Sum Settlement Option (and you satisfy requirements); you will receive a lump sum payout for benefit accrued through July 31, 2020.

  • CLAIMANT: (Print Name) (Print Name) Date Date (Signature) (Signature) EMPLOYER OR INSURANCE COMPANY (Authorized By and Title) (Signature) The above request for the payment of Lump Sum Settlement is hereby approved.

  • Partial, Impairment of Earning Capacity, Violation of Specific Safety Requirement, Lump Sum Settlement, Change of Occupation, Facial Disfigurement, Wage Loss Compensation, Temporary Total Disability, Permanent Total Disability and Death benefits.

  • These policies and programs as proposed by the Plan Administrator and /or its authorized service representative will include: (a) Salary Continuation: on all lost-time claims with dates of injury in the program period or when recommended by the assigned CareWorks Comp Claims Examiner (b) Safety Program (c) Transitional Duty Program (d) Lump Sum Settlement (e) Onsite inspections.

  • If the form is not corrected, the form and file are sent to a Claims Resolution Specialist in a regional office for troubleshooting and/or alternative dispute resolution.▪ Lump Sum Settlement - Information on the form is entered into the claim database and then matched with the file.The EDI system has shifted the CMU workload, allowing a sizeable portion of mandatory filing information to be transmitted electronically.

Related to Lump Sum Settlement

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Individual Settlement Payment means the amount payable from the Net

  • Termination Settlement Date means, for any Terminated Obligation, the date customary for settlement, substantially in accordance with the then-current market practice in the principal market for such Terminated Obligation (as determined by the Calculation Agent), of the sale of such Terminated Obligation with the trade date for such sale occurring on the related Termination Trade Date.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Mandatory Settlement Date means the earliest of:

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Scheduled Settlement Date means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a Transaction.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Combination Settlement shall have the meaning specified in Section 14.02(a).

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Net Settlement Fund means the Settlement Fund, plus accrued interest, less any award of attorneys’ fees or reimbursement of expenses and less applicable taxes, tax preparation expenses, and costs of notice and administration, that may be awarded or approved by the Court.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • TARGET2 Settlement Day means any day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System is open.