Common use of Payments to Settlement Class Members Clause in Contracts

Payments to Settlement Class Members. (a) MRT Sureway, Inc. shall pay into the Escrow Account the amount of the Settlement Fund ($225,000.00) within twenty-one (21) days after entry of the Preliminary Approval Order. (b) The Settlement Administrator shall issue a pro rata distribution of the Net Settlement Fund to all Settlement Class Members who do not timely exclude themselves from the Settlement Class. This distribution to Settlement Class Members will be in the form of a check mailed for Settlement payments to each Settlement Class Members’ last known address as reflected by MRT Sureway, Inc.’s records, or to an alternate address for any Settlement Class Member as determined by the Settlement Administrator pursuant to Paragraph 4.1 of this Agreement. (c) Within ten (10) days of the Effective Date, the Settlement Administrator shall pay: (1) the settlement payments to Settlement Class Members; (2) the Fee Award to Class Counsel, if any; (3) the Incentive Award to Plaintiff, if any; (4) the Settlement Administration Expenses (providing an invoice for same to Class Counsel and Defendant’s Counsel for review and approval prior to issuing such payment). (d) MRT Sureway, Inc. shall provide a Settlement Class Member’s social security number to the Settlement Administrator for settlement administration/tax purposes, upon request and in the event deemed necessary by the Settlement Administrator. (e) All checks issued to Settlement Class Members will state on the face of the check that it will expire and become null and void unless cashed within one hundred and twenty

Appears in 1 contract

Sources: Class Action Settlement Agreement

Payments to Settlement Class Members. (a) MRT SurewayWithin ten (10) business days of entry of the Preliminary Approval Order, Inc. Target Graphics shall pay into the Escrow Account the an amount of equal to the Settlement Fund ($225,000.00) within twenty-one (21) days after entry of Administration Expenses. as invoiced by the Preliminary Approval OrderSettlement Administrator. (b) The Settlement Administrator shall issue a pro rata distribution of the Net Settlement Fund to all Settlement Class Members who do not timely exclude themselves from shall have until the Settlement Class. This distribution Claims Deadline to Settlement Class Members will be in the form of submit a check mailed Claim Form for Settlement payments to each Settlement Class Members’ last known address as reflected by MRT Sureway, Inc.’s records, or to an alternate address for any Settlement Class Member as determined approval by the Settlement Administrator pursuant to Paragraph 4.1 of this Agreementas an Approved Claim. Each Settlement Class Member who submits an Approved Claim will receive a Settlement Payment. (c) Within ten (10) business days of the Effective Date, the Settlement Administrator Defendant shall paydeposit into the Escrow Account: (1) an amount equal to the settlement payments to Settlement Class MembersPayment multiplied by the number of Approved Claims; (2) the Fee Award to Class Counsel, if any; and (3) the Incentive Award to Plaintiff, if any; (4) the Settlement Administration Expenses (providing an invoice for same to Class Counsel and Defendant’s Counsel for review and approval prior to issuing such payment)Representative. (d) MRT Sureway, Inc. Target Graphics shall provide a Settlement Class Member’s social security number to the Settlement Administrator for settlement administration/administration or tax purposes, upon request and in the event deemed necessary by the Settlement Administrator. (e) All checks issued to The Settlement Class Members Administrator shall issue all Settlement Payments via check and will state on the face of the check that it will expire and become null and void unless cashed within one hundred ninety (90) days after the date of issuance. If a check issued to a Settlement Class Member is not negotiated within ninety (90) days after the date of issuance, such checks shall be deemed void and twentysuch cashed check funds shall revert to Defendant.

Appears in 1 contract

Sources: Class Action Settlement Agreement

Payments to Settlement Class Members. (a) MRT Sureway, Inc. Calmark shall pay into the Escrow Account the amount of the Settlement Fund ($225,000.00385,200) within twenty-one (21) days after entry of the Preliminary Approval OrderApproval. (b) The Settlement Administrator shall issue a pro rata distribution of the Net Settlement Fund to all Settlement Class Members who do not timely exclude themselves from shall have until the Settlement Class. This distribution Claims Deadline to Settlement Class Members will be in the form of submit a check mailed Claim Form for Settlement payments to each Settlement Class Members’ last known address as reflected by MRT Sureway, Inc.’s records, or to an alternate address for any Settlement Class Member as determined approval by the Settlement Administrator pursuant to Paragraph 4.1 of this Agreementas an Approved Claim. Each Settlement Class Member who submits an Approved Claim will receive a Settlement Payment. (c) Within ten twenty-one (1021) days of the Effective Date, the Settlement Administrator shall pay: (1) the settlement payments Settlement Payments to Settlement Class Members, by mailing a check to each Settlement Class Member who submitted an Approved Claim Form; (2) the Fee Award to Class Counsel, if any; (3) the Incentive Award to Plaintiff, if any; (4) the Settlement Administration Expenses Administrator’s fees (providing an invoice for same to Class Counsel and Defendant’s Counsel for review and approval prior to issuing such payment)) and (5) all funds, if any, remaining in the Net Settlement Fund after payment of items (1) – (4) above, to Defendant. (d) MRT Sureway, Inc. Calmark shall provide a Settlement Class Member’s social security number to the Settlement Administrator for settlement administration/administration or tax purposes, upon request and in the event deemed necessary by the Settlement Administrator. (e) All checks issued to The Settlement Class Members Administrator shall issue all Settlement Payments via check and will state on the face of the check that it will expire and become null and void unless cashed within one hundred and twentyninety (90) days after the date of issuance. If a check issued to a Settlement Class Member

Appears in 1 contract

Sources: Class Action Settlement Agreement

Payments to Settlement Class Members. (a) MRT Sureway, Inc. ▇▇▇▇▇▇ shall pay into the Escrow Account the amount of the Settlement Fund ($225,000.00150,000.00) within twenty-one (21) days after entry of the Preliminary Approval OrderApproval. (b) The Settlement Administrator shall issue a pro rata distribution of the Net Settlement Fund to all Settlement Class Members who do not timely exclude themselves from shall have until the Settlement Class. This distribution Claims Deadline to Settlement Class Members will be in the form of submit a check mailed Claim Form for Settlement payments to each Settlement Class Members’ last known address as reflected by MRT Sureway, Inc.’s records, or to an alternate address for any Settlement Class Member as determined approval by the Settlement Administrator pursuant to Paragraph 4.1 of this Agreementas an Approved Claim. Each Settlement Class Member who submits an Approved Claim will receive a Settlement Payment. (c) Within ten (10) days of the Effective Date, the Settlement Administrator shall pay: (1) the settlement payments Settlement Payments to Settlement Class Members, by mailing a check to each Settlement Class Member who submitted an Approved Claim Form; (2) the Fee Award to Class Counsel, if any; (3) the Incentive Award to PlaintiffPlaintiffs, if any; (4) the Settlement Administration Expenses Administrator’s fees (providing an invoice for same to Class Counsel and Defendant’s Counsel for review and approval prior to issuing such payment)) and (5) all funds, if any, remaining in the Net Settlement Fund after payment of items (1) – (4) above, to Defendant. (d) MRT Sureway, Inc. ▇▇▇▇▇▇ shall provide a Settlement Class Member’s social security number to the Settlement Administrator for settlement administration/administration or tax purposes, upon request and in the event deemed necessary by the Settlement Administrator. (e) All checks Settlement Payments will be issued to Settlement Class Members via check and will state on the face of the check that it will expire and become null and void unless cashed within one hundred and twentyninety (90) days after the date of issuance. If a check issued to a Settlement Class

Appears in 1 contract

Sources: Class Action Settlement Agreement

Payments to Settlement Class Members. (a) MRT Sureway, Inc. Elgin Die shall pay into the Escrow Account the amount of the Settlement Fund ($225,000.00329,600.00) within twenty-one (21) days after entry of the Preliminary Approval OrderApproval. (b) The Settlement Administrator shall issue a pro rata distribution of the Net Settlement Fund to all Settlement Class Members who do not timely exclude themselves from shall have until the Settlement Class. This distribution Claims Deadline to Settlement Class Members will be in the form of submit a check mailed Claim Form for Settlement payments to each Settlement Class Members’ last known address as reflected by MRT Sureway, Inc.’s records, or to an alternate address for any Settlement Class Member as determined approval by the Settlement Administrator pursuant to Paragraph 4.1 of this Agreementas an Approved Claim. Each Settlement Class Member who submits an Approved Claim will receive a Settlement Payment. (c) Within ten (1021) days of the Effective Date, the Settlement Administrator shall pay: (1) the settlement payments Settlement Payments to Settlement Class Members, by mailing a check to each Settlement Class Member who submitted an Approved Claim Form; (2) the Fee Award to Class Counsel, if any; (3) the Incentive Award to Plaintiff, if any; (4) the Settlement Administration Administrator’s Expenses (providing an invoice for same to Class Counsel and Defendant’s Counsel for review and approval prior to issuing such payment)) and (5) all funds, if any, remaining in the Net Settlement Fund after payment of items (1) – (4) above, to Defendant. (d) MRT Sureway, Inc. shall provide a Settlement Class Member’s social security number to the The Settlement Administrator for settlement administration/tax purposes, upon request shall issue all Settlement Payments via check and in the event deemed necessary by the Settlement Administrator. (e) All checks issued to Settlement Class Members will state on the face of the check that it will expire and become null and void unless cashed within one hundred ninety (90) days after the date of issuance. If a check issued to a Settlement Class Member is not negotiated within ninety (90) days after the date of issuance, such checks shall, subject to Court approval, be deemed void and twentysuch cashed check funds shall revert to Defendant.

Appears in 1 contract

Sources: Class Action Settlement Agreement

Payments to Settlement Class Members. (a) MRT Sureway, Inc. ▇▇▇▇▇▇▇ Metal shall pay into the Escrow Account the amount of the Settlement Fund ($225,000.00451,000.00) within twenty-one (21) days after entry of the Preliminary Approval OrderApproval. (b) The Settlement Administrator shall issue a pro rata distribution of the Net Settlement Fund to all Settlement Class Members who do not timely exclude themselves from shall have until the Settlement Class. This distribution Claims Deadline to Settlement Class Members will be in the form of submit a check mailed Claim Form for Settlement payments to each Settlement Class Members’ last known address as reflected by MRT Sureway, Inc.’s records, or to an alternate address for any Settlement Class Member as determined approval by the Settlement Administrator pursuant to Paragraph 4.1 of this Agreementas an Approved Claim. Each Settlement Class Member who submits an Approved Claim will receive a Settlement Payment. (c) Within ten twenty-one (1021) days of the Effective Date, the Settlement Administrator shall pay: (1) the settlement payments Settlement Payments to Settlement Class Members, by mailing a check to each Settlement Class Member who submitted an Approved Claim Form; (2) the Fee Award to Class Counsel, if any; (3) the Incentive Award to Plaintiff, if any; (4) the Settlement Administration Expenses Administrator’s fees (providing an invoice for same to Class Counsel and Defendant’s Counsel for review and approval prior to issuing such payment)) and (5) all funds, if any, remaining in the Net Settlement Fund after payment of items (1) – (4) above, to Defendant. (d) MRT Sureway, Inc. ▇▇▇▇▇▇▇ Metal shall provide a Settlement Class Member’s social security number to the Settlement Administrator for settlement administration/administration or tax purposes, upon request and in the event deemed necessary by the Settlement Administrator. (e) All checks issued to The Settlement Class Members Administrator shall issue all Settlement Payments via check and will state on the face of the check that it will expire and become null and void unless cashed within one hundred 180 days after the date of issuance. If a check issued to a Settlement Class Member is not negotiated within 180 days after the date of issuance, such checks shall, subject to Court approval, be deemed void and twentysuch cashed check funds shall revert to Defendant.

Appears in 1 contract

Sources: Class Action Settlement Agreement