Examples of Settlement Administration in a sentence
From the Settlement Fund, the Settlement Administrator shall pay all Costs of Settlement Administration; all valid Claims; any Service Awards to the Class Representatives; and any attorneys’ fees and costs to Class Counsel and Plaintiffs’ Counsel.
Within twenty-one (21) business days after entry of an order granting Preliminary Approval of the settlement, U-Haul will deposit one million ($1,000,000) of the Settlement Fund into the Escrow Account, which shall be available to cover Notice and the Costs of Settlement Administration incurred prior to entry of the Final Approval Order and Judgment.
The pro rata monetary payment will be calculated by dividing the amount available from the Settlement Fund after the deduction of any Notice and Settlement Administration Costs, attorneys’ fees, litigation expenses, and Service Awards, by the number of Settlement Class Members who submit valid claims under the Settlement.