Examples of Settlement Benefits in a sentence
In the event the Net Settlement Fund exceeds the Approved Claims for Settlement Benefits (i.e., Credit Monitoring Services, Out-of-Pocket Losses, Lost Time, and Alternative Cash Payments), then the Residual Funds shall be paid in accordance with the terms of the Settlement Agreement.
In the event that the total amount of Approved Claims exceeds the amount of the Net Settlement Fund, the Settlement Administrator shall pay Approved Claims for Settlement Benefits in the following order.
Settlement Class Members can elect to make a claim for a $100 Alternative Cash Payment in lieu of the Settlement Benefits for Credit Monitoring Services, Unreimbursed Out-Pocket-Costs, and Lost Time, as outlined above in subparagraphs (i)-(iii).
If the remaining Net Settlement Funds exceed the total amount of Approved Claims the Settlement Administrator shall pay the Settlement Benefits for all Approved Claims and disburse any Residual Funds in accordance with the provisions herein.
In the event that Approved Claims for Settlement Benefits (i.e., Credit Monitoring Services, Out-of-Pocket Losses, Lost Time, and Alternative Cash Payments) exceeds the amount of the Net Settlement Fund, the amount to be paid for Approved Claims shall be reduced on a pro rata basis and paid in accordance with the terms and conditions in the Settlement Agreement.