Ongoing Common Benefit Order definition

Ongoing Common Benefit Order has the meaning set forth in Section III.A.3.
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Examples of Ongoing Common Benefit Order in a sentence

  • The Special Master shall hold the amount necessary to ensure compliance with the Ongoing Common Benefit Order until further order by the MDL Court.

  • It is expressly understood that Walmart’s Payment into the Walmart Settlement Trust under III.A.2 fulfills its obligations under the Ongoing Common Benefit Order.

  • Walmart’s payment into the Walmart Settlement Trust includes the amount necessary to comply with the Ongoing Common Benefit Order (Dkt.

  • As such, the Panel's Order suggests strongly that the time has now come for entry of an Ongoing Common Benefit Order.

  • Walmart shall hold back $3,870,000 from the payment amount referenced in Section III.A.3 (as calculated by multiplying 7.5% times 50% times the total maximum abatement amounts referred to in Sections III.A.1 and III.A.2, per the direction of Special Master Cohen) and deposit that amount into the MDL Common Benefit Fund pursuant to the Ongoing Common Benefit Order (Doc.

  • As a condition precedent to the effectiveness of the Texas Settlement, Walgreens shall obtain from the MDL 2804 PEC and the MDL 2804 Court an agreement, prior to the Effective date, that the Texas Agreement will not trigger any additional MDL 2804 CBF assessment, including under the Ongoing Common Benefit Order (Dkt.

  • Any Walmart CBF Assessment is inclusive of any assessment related to such settlement that would be required by the Ongoing Common Benefit Order (Dkt.

  • For the avoidance of doubt, the TLC shall propose and receive approval from the MDL Court for any funds to be paid to the Common Benefit Fund as required by the Ongoing Common Benefit Order, such that CVS is under no obligation to hold back and pay over any funds to the Common Benefit Fund.

  • The District Court’s “Ongoing Common Benefit Order” provides that, “each Defendant named in any case pending in MDL 2804 is hereby ORDERED to hold back the 7.5% common benefit percentage from all applicable judgments and settlements entered after the date of this Order and to deposit such amounts into the Court Common Benefit Fund.” Exhibit 1, Ongoing Common Benefit Order, Doc.

  • The Settlement Amount is subject to the Ongoing Common Benefit Order issued in the federal opioids multidistrict litigation.

Related to Ongoing Common Benefit Order

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Foreign Benefit Event means, with respect to any Foreign Pension Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any applicable Law or in excess of the amount that would be permitted absent a waiver from applicable Governmental Authority or (b) the failure to make the required contributions or payments, under any applicable Law, on or before the due date for such contributions or payments.

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • Health benefits plan means a benefits plan which pays or

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m)(i).

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Adverse Benefit Determination means any of the following:

  • Group health benefit plan means any health care plan, subscription contract, evidence of