Distribution of the Allocated Amounts. A. As soon as administratively feasible after calculating each Member’s Final Dollar Recovery pursuant to section II, supra, Co-Lead Counsel shall direct the Financial Institution to disburse the Net Proceeds to the master trust for the Plans for allocation to the Members in accordance with this Plan of Allocation; such disbursement shall be in accordance with wire transfer instructions to be provided by Xerox or the Trustee. B. The Final Dollar Recoveries of the Current Plan Participants shall be allocated to each Member’s Plan account in their respective Plan and allocated to the Income Fund investment option, or the successor thereto, and administered thereafter for all purposes in accordance with that Plan. C. The aggregate Final Dollar Recoveries of the Former Plan Participants in the respective Plans shall be invested in a money market fund that invests primarily in United States treasury instruments, pending allocation to the Former Plan Participants. The deposited amount, plus interest, shall then be allocated as soon as is practical to the Plan accounts established for the Former Plan Participants in their respective Plans and allocated to the Income Fund investment option, or the successor thereto, and administered thereafter for all purposes in accordance with the Plan. CLASS ACTION SETTLEMENT AGREEMENT (PLAN OF ALLOCATION)
Appears in 2 contracts
Sources: Class Action Settlement Agreement, Class Action Settlement Agreement
Distribution of the Allocated Amounts. A. As soon as administratively feasible after calculating each Member’s Final Dollar Recovery pursuant to section II, supra, Co-Lead Counsel shall direct the Financial Institution to disburse the Net Proceeds to the master trust for the Plans for allocation to the Members in accordance with this Plan of Allocation; such disbursement shall be in accordance with wire transfer instructions to be provided by Xerox or the Trustee.
B. The Final Dollar Recoveries of the Current Plan Participants shall be allocated to each Member’s Plan account in their respective Plan and allocated to the Income Fund investment option, or the successor thereto, and administered thereafter for all purposes in accordance with that Plan.
C. The aggregate Final Dollar Recoveries of the Former Plan Participants in the respective Plans shall be invested in a money market fund that invests primarily in United States treasury instruments, pending allocation to the Former Plan Participants. The deposited amount, plus interest, shall then be allocated as soon as is practical to the Plan accounts established for the Former Plan Participants in their respective Plans and allocated to the Income Fund investment option, or the successor thereto, and administered thereafter for all purposes in accordance with the Plan. CLASS ACTION SETTLEMENT AGREEMENT (PLAN OF ALLOCATION)3:02-cv-01138-AWT ▇▇▇▇▇, et ▇▇ ▇. Xerox Corp, et al DFM, EFILE, LEAD, MOTREF, STAYED The following transaction was entered by ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ on 1/26/2009 at 6:18 PM EST and filed on 1/26/2009
Appears in 2 contracts
Sources: Class Action Settlement Agreement, Class Action Settlement Agreement