Allocation of the Settlement Fund Clause Samples

The "Allocation of the Settlement Fund" clause defines how the total settlement amount will be distributed among eligible parties or claimants. Typically, this clause outlines the criteria for determining each party's share, such as the number of claimants, the severity of their claims, or other relevant factors, and may specify the process for submitting claims or objections. Its core practical function is to ensure a fair and transparent distribution of settlement proceeds, minimizing disputes and providing clarity on how funds are allocated.