BENEFITS TO THE CLASS Sample Clauses

The "Benefits to the Class" clause defines how the advantages, settlements, or remedies obtained through a class action lawsuit are distributed among the members of the class. Typically, this clause outlines the eligibility criteria for class members to receive benefits, the process for claiming those benefits, and any exceptions or limitations that may apply. For example, it may specify that only individuals who submit valid claims within a certain timeframe are entitled to compensation. The core function of this clause is to ensure a fair and transparent allocation of the outcomes of the class action, preventing disputes over who is entitled to receive benefits and under what conditions.
BENEFITS TO THE CLASS. A. Pursuant to the terms and conditions set forth in this Agreement, American agrees to fund the Settlement Account, which will be used to pay all Refunds. B. Subject to the terms of this Agreement, Settlement Class Members who submit a Verified Claim shall be eligible to receive: 1. A full refund of their At-Issue Baggage Fees and interest on their At-Issue Baggage Fees calculated at a five (5) percent annual rate from July 13, 2017 until the date that the Court sets in the Preliminary Approval Order for holding the Fairness Hearing, for any Baggage Policy Bags; and/or 2. A refund of seventy-five (75) percent of their At-Issue Baggage Fees, for any Confirmation Email Bags.
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BENEFITS TO THE CLASS. A. Limitations on Payments or Distributions from the Settlement Account. Until the Effective Date, the Settlement Administrator shall make no payments or distributions from the Settlement Account. All distributions or payments of Vouchers, Attorney Fees and Costs Awards, and Service Award shall only be made after the Effective Date and as provided in this Settlement Agreement.
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BENEFITS TO THE CLASS. As discussed above, Plaintiffs claimed that the actuarial assumptions and factors used to convert SLA benefits into JSA annuities and certain other alternatives forms of payment under the Plan were improper. If the Settlement is approved by the Court, the Plan will be amended to provide Class Members with increased monthly benefits. The proposed Settlement provides that the Plan will pay the value of the Settlement, net of amounts awarded for Fees, Expenses and Costs discussed below, in the form of a Monthly Benefit Increase to be paid during the lifetimes of the Class Member participants and their designated beneficiaries (“Associated Beneficiaries”). Your share of the Net Settlement Value will be based on the value of your past and projected future benefits (including benefits either paid to your Associated Class Member Participant, if you are the beneficiary, or which may be paid to your Associated Beneficiary, if you are the Participant), compared to the value of all Class Members’ past and projected future benefits. Your share will then be annuitized and paid out over your lifetime (and, where applicable, over the lifetime of your designated beneficiary) as an increase to the amount of the benefit payment you already receive each month, in the benefit form that you already selected. For example, if you are receiving a 50% JSA, your beneficiary will receive 50% of your Monthly Benefit Increase if he or she lives longer than you do, just as he or she would be entitled to receive 50% of your current monthly benefit. Monthly Benefit Increases, like your current benefit payments, will be reduced by applicable adjustments (e.g., for taxes). Although each Class Member will be entitled a Monthly Benefit Increase for pension payments effective as of January 1, 2024, Class Members will not begin receiving any additional benefit under the Settlement until several months after the Settlement becomes Final. The first monthly payment that reflects any additional benefit will include a lump sum amount for the amount of any increase from January 1, 2024, to the date of that first increased payment. Finally, where both the Participant Class Member and his or her Associated Beneficiary have died prior to the first date on which Monthly Benefit Increases are to be paid under the Settlement, the Plan will make a lump sum payment to the estate (or heirs) of the Participant or Associated Beneficiary (whoever died later) upon receipt of a properly completed Estate Claim For...
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BENEFITS TO THE CLASS. A. Pursuant to the terms and conditions set forth below, Western Union agrees to pay a Settlement Fund of $8,500,000, which will be used to pay all Settlement costs, including without limitation Cash Awards, Notice And Administrative Costs, Attorneys’ Fee Award, and Incentive Awards and will be in full satisfaction of all of Western Union’s obligations under this Settlement and Settlement Agreement. In no event shall Western Union be obligated to contribute any monies in excess of the amount comprising the Settlement Fund. B. Subject to the terms of this Agreement, Settlement Class Members who received one or more unsolicited messages sent by or on behalf of Western Union and who submit a Valid Claim will be eligible to receive up to $250. C. No later than seven Days after the Parties have resolved any disputes regarding rejected claims, the Settlement Administrator will provide Class Counsel and Defense Counsel with a report identifying the total of the Cash Awards and the amount of money in the Net Settlement Fund available to pay such Cash Awards (“Available Cash Award Total”). (i) If the Available Cash Award Total exceeds the Cash Awards, any additional amounts will be divided among the Settlement Class Members who submitted Valid Claims pro rata until the Cash Awards equal the Available Cash Award Total. (ii) If, however, the Cash Awards exceed the Available Cash Award Total, the Cash Awards to the Settlement Class Members who submitted Valid Claims will be reduced on a pro rata basis until the Cash Awards equal the Available Cash Award Total. D. Western Union shall have no obligation to make any payments under this Settlement Agreement until the Court enters a Preliminary Approval Order. Once the Court enters a Preliminary Approval Order, Western Union shall pay reasonable Notice and Administration Costs arising under this Settlement Agreement by making such payments directly to the Settlement Administrator (or to such other party incurring such costs) as those costs are incurred and payment becomes due. E. Within 21 Days after the Effective Date, Western Union (and/or any insurer discharging Western Union’s obligations hereunder) and its insurer will wire transfer the balance of the Settlement Fund, less any amounts previously advanced by Western Union to the Settlement Administrator for Notice And Administrative Costs, into an interest-bearing bank account (the “Settlement Account”) designated by the Settlement Administrator. Any interest that accr...
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BENEFITS TO THE CLASS. ▇. ▇▇▇▇▇▇▇▇ to the terms and conditions set forth in this Agreement, the University agrees to fund a Settlement Fund of $5,000,000, which will be used to pay all awards to Settlement Class Members. Attorneys’ Fee Award and Notice and Administrative Costs will be paid separately from the Settlement Fund. B. The Settlement Fund will be allocated to the four University campuses based on each campus’ percentage of overall Tuition and Mandatory Fees charged to students as follows: $3,500,000 (70 percent) to University of Colorado Boulder, $1,050,000 (21 percent) to University of Colorado Denver, $400,000 (8 percent) to University of Colorado, Colorado Springs, and $50,000 (1 percent) to University of Colorado Anschutz. Each campus’ share of the Settlement Fund will be distributed on a pro rata basis to the Settlement Class Members enrolled on that campus. The Settlement Fund will be distributed digitally to each Settlement Class Member via the email(s) on file or as provided. Settlement Class Members will be provided with a number of digital payment options such as PayPal, Venmo, or a digital debit card, to immediately receive their Settlement Payment. The distribution communication will inform Settlement Class Members of the deadline to redeem their payment digitally, which shall be no later than forty-five (45) days after the initial issuance of payments. The distribution communication will also inform Settlement Class Members of their option to request a paper check be mailed using the address information on file or as provided. C. Within thirty (30) Days after the Effective Date, the University will cause the amount of the Settlement Fund to be transferred into an interest-bearing bank account (the “Settlement Account”) designated by the Settlement Administrator. Any interest that accrues on the Settlement Fund in the Settlement Account will be added to the Settlement Fund. D. Within forty-five (45) days after the Effective Date, the Settlement Administrator E. Within thirty (30) days after the end of the payment redemption period, any funds remaining in the Settlement Account after all reasonable efforts have been made to distribute the Settlement Funds to Settlement Class Members will be given to a Student Emergency Fund to be created by the University for the purpose of providing assistance to University students needing emergency support.
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BENEFITS TO THE CLASS 
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Related to BENEFITS TO THE CLASS

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  • Additional Benefits/Card Enhancements The Credit Union may from time to time offer additional services to your account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them at any time.

  • Distribution Plans You shall also be entitled to compensation for your services as provided in any Distribution Plan adopted as to any series and class of any Fund’s Shares pursuant to Rule 12b-1 under the 1940 Act. The compensation provided in any such Distribution Plan (a “12b-1 Plan”) may be divided into a distribution fee and a service fee, as set forth in such Plan and the Fund’s then current prospectus and statement of additional information (“SAI”), each of which is compensation for different services to be rendered to the Fund. Subject to the termination provisions in a 12b-1 Plan, any distribution fee with respect to the sale of a Share subject to such Plan shall be earned when such Share is sold and shall be payable from time to time as provided in the 12b-1 Plan. The distribution fee payable to you as provided in any 12b-1 Plan shall be payable without offset, defense or counterclaim (it being understood by the parties hereto that nothing in this sentence shall be deemed a waiver by the Fund of any claim the Fund may have against you).

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  • Compensating Balance Arrangement The Funds and The Bank of New York have entered into a compensating balance arrangement, which would allow the Funds to compensate the Bank for any overdrafts by maintaining a positive cash balance the next day. Conversely, on any day the Funds maintain a positive balance, they will be allowed to overdraw the account as compensation. In both cases, Federal Reserve requirements, currently 10%, will be assessed. Therefore, all overdrafts must be compensated at 100% of the total and all positive balances will allow for an overdraft of 90% of the total. Balances for the tax-exempt portfolios will be permitted an open-ended roll forward. The taxable portfolios are closed out on a quarterly basis with no carry-over to the subsequent quarter. At the end of each quarter, the average overdraft will be assessed a fee of 1% above the actual Federal Funds rate at the end of the period. Any average positive balance will receive an earnings credit computed at the daily effective 90 day T-bill rate minus 0.25 bps on the last day of the period. Earnings credits will be offset against the Funds’ safekeeping fees. GLOBAL CUSTODY (Non-US Securities Processing) Global Safekeeping Fee Transaction Fee Countries *(in basis points)1 (U.S. Dollars)2 Argentina 17.00 55 Australia 1.50 25 Austria 3.00 40 Bahrain 50.00 140 Bangladesh 50.00 145 Belgium 2.50 35 Bermuda 17.00 70 Botswana 50.00 140 Brazil 12.00 30 Bulgaria 30.00 85 Canada 1.00 10 Chile 20.00 80 China “A” Shares 15.00 80 China “B” Shares 15.00 60 Colombia 50.00 95 Costa Rica 14.00 65 Croatia 25.00 70 Cyprus 15.00 35 Czech Republic 18.00 50 Denmark 2.00 35 Ecuador 30.00 55 Egypt 30.00 85 Estonia 10.00 60 Euromarket/Euroclear3 1.00 10 Euromarket/Clearstream 1.00 10 Finland 3.50 35 France 2.00 30 Germany 1.50 25 Ghana 50.00 140 Greece 9.00 40 Hong Kong 3.00 45 Hungary 20.00 55 Iceland 11.00 35 India 13.00 105 Indonesia 11.00 80 Ireland (Equities) 3.00 33 Ireland (Gov’t Bonds) 1.00 13 Israel 20.00 40 Italy 1.50 35 Ivory Coast 50.00 140 Jamaica 50.00 60 Japan 1.75 20 Jordan 50.00 140 Kazakhstan 53.00 140 Kenya 48.00 140 Latvia 50.00 45 Lebanon 50.00 140 Lithuania 20.00 43 Luxembourg 10.00 80 Malaysia 4.50 45 Malta 20.00 63 Mauritius 25.00 100 Mexico 6.50 30 Morocco 50.00 95 Namibia 50.00 60 Netherlands 2.00 25 New Zealand 2.00 35 Nigeria 50.00 60 Norway 2.50 35 Oman 50.00 140 Pakistan 50.00 140 Peru 50.00 83 Philippines 6.00 60 Poland 15.00 63 Portugal 5.00 50 Qatar 50.00 140 Romania 30.00 80 Russia Equities 40.00 95 Singapore 3.50 45 Slovak Republic 23.00 95 Slovenia 50.00 60 South Africa 2.50 30 South Korea 6.50 45 Spain 2.50 40 Sri Lanka 13.00 70 Swaziland 50.00 60 Sweden 2.00 30 Switzerland 2.00 35 Taiwan 10.00 60 Thailand 5.00 50 Trinidad & Tobago 50.00 53 Tunisia 50.00 53 Turkey 12.50 60 Ukraine 75.00 250 United Kingdom 0.50 10 Uruguay 75.00 83 Venezuela 50.00 140 Zambia 50.00 140 Zimbabwe 50.00 140 Not In Bank/Not in Custody Assets USA4………………………$500 per line per annum $70 per non-USD currency movement Brazil - 15 basis points for annual administrative charges Colombia - USD $600 per month minimum administration charge Ecuador - USD $800 monthly minimum per relationship Egypt - USD $400 monthly minimum per relationship Local taxes, stamp duties or other assessments, including stock exchange fees, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees or other unusual expenses, which are unique to a country in which the Funds are investing This Amendment (the “Amendment”) dated as of November 8, 2007 between The Bank of New York (“Custodian”) and the Funds listed on Schedule II to the Custody Agreement, as amended by Exhibit A attached hereto (each a “Fund”).