Common use of Benefit Available to Settlement Class Members Clause in Contracts

Benefit Available to Settlement Class Members. In order to qualify for a Benefit, Class Members must timely submit a completed Claim Form (substantially in the form of Exhibit A). This can be done on the Settlement Website by the Claims Deadline. Class Members may also submit a paper copy of the Claim Form. Claim Forms submitted via mail must be postmarked on or before the Claims Deadline. Claim Forms submitted using the Settlement Website must be submitted by 11:59 p.m. Eastern Time on the final day of the Claim Period. In consideration of the Settlement and Release given herein, NAPG will make the following Benefit available to each Class Member who submits a Valid Claim: a. NAPG Variable Rate Customers shall receive $.00351 per kilowatt hour for electric supply service received from NAPG while on a variable rate plan. b. NAPG Variable Rate Customers shall receive $.0195 per therm for natural gas supply service received from NAPG while on a variable rate plan. c. Should the total Benefit calculated for a NAPG Variable Rate Customer who submits a Valid Claim be less than $2, that Customer shall be entitled to receive a $2 Benefit. d. In the event that the NAPG Variable Rate Customer has more than one Household, then the Class Member may file another Claim seeking a Benefit in accordance with 5.2(a) and receive another Individual Settlement Amount for that additional Household. The total Benefit amount payable by NAPG shall be subject to a $16,053,000 cap. In the event that the value of the Benefits claimed exceeds $16,053,000, the Benefit payable to each NAPG Variable Rate Customer will be reduced pro rata based on the individual’s electric supply and/or natural gas supply use while on a variable rate plan.