Common use of Calculation of Settlement Payments Clause in Contracts

Calculation of Settlement Payments. Payments to Former Participants and Current Participants (including Beneficiaries and Alternate Payees) shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows: 6.4.1 In order to perform the calculations required under this Settlement Agreement, and pursuant to Paragraph 3.5, the Settlement Administrator shall obtain from the Plans’ recordkeeper the quarterly account balances for all Class Members during the Class Period and their balances, if any, in each of the Voya Funds. For each such Class Member, the Settlement Administrator shall determine an Average Settlement Allocation Score, as follows:

Appears in 2 contracts

Sources: Class Action Settlement Agreement, Class Action Settlement Agreement