Common use of Effect of Non-Participating Clause in Contracts

Effect of Non-Participating. Class Members on Calculation of Individual Class Payments. Non-Participating Class Members will not receive any Individual Class Payments. The Administrator will retain amounts equal to their Individual Class Payments in the Net Settlement Amount for distribution to Participating Class Members on a pro rata basis.

Appears in 4 contracts

Sources: Class Action and Paga Settlement Agreement, Class Action and Paga Settlement Agreement, Settlement Agreement