Standard Settlement Funds definition

Standard Settlement Funds means base monetary amounts obtained through a settlement before any bonus structure for litigating entity and/or population participation. Standard Settlement Funds do not include any Maximizing Settlement Funds.
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Examples of Standard Settlement Funds in a sentence

  • Any Litigating County that enters a Release and Assignment Agreement prior to January 1, 2022, shall be entitled to Standard Settlement Funds.

  • Effective as soon as practicable following ratification, employees at the maximum of the salary schedule applicable to their pay step prior to ratification shall receive a lump sum payment of 3% of base salary.

  • To be eligible for an allocation of Standard Settlement Funds, prior to January 1, 2022, nonlitigating counties must pass a resolution stating the county has previous or expected expenses related to substance abuse or addiction mitigation or other covered conduct in excess of $500 and the county can utilize the Standard Settlement Funds in accordance with the approved purposes.

  • The Company undertakes to allow the representatives of the Division to maintain supervision and control as stated above and to assist them to the extent possible in the performance of the required supervision and control.

  • To be eligible for an allocation of Standard Settlement Funds, prior to January 1, 2022, nonlitigating cities must pass a resolution stating the city has previous or expected expenses related to substance abuse or addiction mitigation or other covered conduct in excess of $500 and the city can utilize the Standard Settlement Funds in accordance with the approved purposes.

  • All Standard Settlement Funds shall be divided with 25% going to the Municipalities Fight Addiction Fund and 75% going to the Kansas Fights Addiction Fund.