Common use of Allocation Formula Clause in Contracts

Allocation Formula. Class Members who submit a Claim Form will be eligible to receive monies based on a formula (the “Allocation Formula”) which will have two components: (1) an Earnings Regression Component developed by Class Counsel’s statistical experts and (2) a Claim Form Survey Component to be determined by a jointly selected Special Master. Eighty-five percent (85%) of the formula will be allocated to the Claim Form Survey Component, and fifteen percent (15%) of the formula will be allocated to the Earnings Regression Component.

Appears in 3 contracts

Sources: Settlement Agreement, Settlement Agreement, Settlement Agreement