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.
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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.
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Lump Sum Settlement has the meaning set forth in Section 4.1(b).
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Examples of Lump Sum Settlement in a sentence

  • Lump Sum Settlement - The form and attached documents are reviewed to verify all required information has been provided.

  • Lump Sum Settlement Option On the date the Contract Value is reduced to zero (other than by an Excess Withdrawal) while in the Lifetime Withdrawal Period, in lieu of entering the Lifetime Annuity Period, you may elect either an age-based or underwritten Lump Sum Settlement Option.

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

  • Request for Compromise and Lump Sum Settlement; Form LDOL-WC-1011 675§6653.

  • Request for Compromise and Lump Sum Settlement; Form LDOL-WC-1011HISTORICAL NOTE: Promulgated by the Department of Labor, Office of Workers' Compensation Administration, LR 25:297 (February 1999).

  • Hardcopy of First Report of Injury only opy of Lump Sum Settlement agreement only Hardcopy of claim file contents of all above noted claims Include Rehabilitation Records?: Yes NoOther records (Describe): Microfilm record requests are labor intensive and may require up to 10 days to process.

  • SETTLEMENT CONTRACTS AND LUMP SUM PETITIONSSection9070.10 Settlement Contracts9070.20 Agreed Petitions for Lump Sum Settlement 9070.30 Contested Petitions for Lump Sum Settlement 9070.40 Action by CommissionAUTHORITY: Implementing Section 19 and authorized by Section 16 of the Workers' Compensation Act [820 ILCS 305/19 and 16].SOURCE: Filed and effective March 1, 1977; amended at 2 Ill.

  • The age-based Lump Sum Settlement Option will be equal to the MALW at the time that the Contract Value goes to zero multiplied by the appropriate age-based factors in accordance with the following table: The underwritten Lump Sum Settlement Option will be available to you if a licensed physician of your choosing (other than either Participating Spouse) attests that the Annuitant is in good health and has a life expectancy that is in line with that of the average purchaser of annuity products at that age.

  • Tay, J., Morris, R.G., Tuladhar, A.M., Husain, M., de Leeuw, F.-E.

  • Provide a non-legal evaluation of a claim with a pending PTD application for Lump Sum Settlement.

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 Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • 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

  • 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 $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 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 (together with any Corresponding Rights) 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, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity 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 $500,000,000 as amended or modified in accordance with Appendix E.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • Net Settlement Fund means the Settlement Fund less: (i) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses 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.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.