Qualified Settlement Fund definition

Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

Qualified Settlement Fund or “QSF” means the account established by the Settlement Administrator from the Gross Settlement Amount paid by Defendant. The QSF will be controlled by the Settlement Administrator subject to the terms of this Agreement and the Court’s order(s). Interest, if any, earned on any monies in the QSF will become part of the Net Settlement Fund.

Qualified Settlement Fund means a fund within the meaning of Treasury Regulations § 1.468B-1.

Examples of Qualified Settlement Fund in a sentence

• The Cash Payment amount per valid claim will be determined by the amount remaining in the Qualified Settlement Fund after deductions for Costs of Settlement Administration, and Fee Award and Costs.

• Class Counsel intends to seek not more than one-third (1/3) of the Qualified Settlement Fund as attorneys’ fees.

• If any monies remain in the Qualified Settlement Fund more than one hundred twenty (120) days after the distribution of Settlement Payments, a subsequent payment will be distributed to a Non-Profit Residual Recipient to be proposed by Class Counsel and agreed by Xxxxxx, such approval not to be unreasonably withheld, and subject to court approval.

• A toll-free help line staffed with a reasonable number of live operators shall be made available to address Settlement Class Members’ inquiries (with the cost of any such help line and live operators to be paid from the Qualified Settlement Fund).

• Attorneys’ fees, costs, and expenses of Class Counsel shall also be paid from the Qualified Settlement Fund.

More Definitions of Qualified Settlement Fund

Qualified Settlement Fund means the qualified settlement fund described in Paragraph 7.1, which shall be established within the meaning of Treasury Regulations § 1.468B-1 for purposes of receiving the net funds for distribution to Settlement Class Members who have been found eligible to participate in the Settlement as agreed upon by the Parties and set forth in this Settlement Agreement.

Qualified Settlement Fund means the Florida Qualified Settlement Fund contemplated by this Agreement, into which all payments by CVS shall be made and which shall be established under the authority and jurisdiction of the Court and which shall be a “qualified settlement fund” within the meaning of 26 C.F.R. § 1.468B-1.

Qualified Settlement Fund or “QSF” shall mean a fund satisfying the requirements of Section 468B of the Internal Revenue Code of 1986, as amended, and the regulations thereunder and, for purposes of this Agreement, established as the vehicle to hold the Settlement Fund.

Qualified Settlement Fund means a fund within the meaning of Treasury Regulation § 1.468B-1.

Qualified Settlement Fund means a qualified settlement fund established pursuant to U.S. Treasury Regulation section 468B-1, 29 C.F.R. § 468B-1.

Qualified Settlement Fund or “QSF” means a qualified settlement fund as defined by Treasury Regulation Section 1.468B-1 et seq.

Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent pursuant to Article 5 as the Qualified Settlement Fund within the meaning of Treas. Reg. § 1.468B-1.