Settlement Administrator Sample Clauses
The Settlement Administrator clause designates a third-party entity responsible for managing and overseeing the implementation of a settlement agreement. This administrator typically handles tasks such as distributing settlement funds, processing claims from class members, providing notices, and reporting on the progress of the settlement. By appointing a Settlement Administrator, the clause ensures that the settlement process is conducted efficiently, transparently, and in accordance with the terms of the agreement, thereby reducing administrative burdens on the parties and minimizing disputes over settlement execution.
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Settlement Administrator. The Court appoints Angeion Group as the Settlement Administrator, with responsibility for class notice and settlement administration. The Settlement Administrator is directed to perform all tasks the Settlement Agreement requires. The Settlement Administrator’s fees will be paid pursuant to the terms of the Settlement Agreement.
Settlement Administrator. The Settlement Administrator shall help implement the terms of the Settlement Agreement. The Settlement Administrator shall maintain reasonably detailed records of its activities under this Agreement. The Settlement Administrator shall maintain all such records as are required by applicable law in accordance with its normal business practices. The Settlement Administrator shall be responsible for:
(a) Establishing, designing, and maintaining the Settlement Website;
(b) Disseminating Notice, including Email Notice, Mailed Notice, and Website Notice, in accordance with this Agreement, the Notice Plan, and the Court’s orders;
(c) Monitoring and responding to inquiries from Settlement Class Members in a timely fashion and, where necessary, forwarding such written inquiries to Class Counsel;
(d) Accurately and objectively describing the terms of the Agreement in communications with Settlement Class Members, including training its employees and agents accordingly;
(e) Receiving and compiling Opt-Out Forms and any other correspondence requesting exclusion from the Settlement Classes;
(f) Receiving and processing Claims, determining the validity of Claims, maintaining a database of Claims, and distributing Settlement Payments to Settlement Class Members;
(g) Providing periodic reports and accountings on Claims, Objections, Opt- Out Forms and any other requests for exclusion from the Settlement, and any other such information that may be reasonably requested by Class Counsel and Defendants’ Counsel;
(h) Preparing declaration(s) attesting to compliance with the Notice requirements in this Agreement and providing such declaration(s) to Class Counsel and Defendants’ Counsel;
(i) Seeking further clarification or authorization from Class Counsel and Defendants’ Counsel when necessary for performance of its duties and the expenditure of cash from the Settlement Fund;
(j) Ensuring the privacy and security of data associated with Settlement Class Members; and
(k) Otherwise assisting with implementation and administration of the terms of this Settlement Agreement.
Settlement Administrator. The third-party administrator agreed upon by Parties to administer this Settlement is Phoenix Class Action Administration Solutions (“Phoenix”).
Settlement Administrator. The Settlement Administrator shall administer various aspects of the Settlement as described in the next paragraph hereafter and perform such other functions as are specified for the Settlement Administrator elsewhere in this Agreement, including effectuating the Notice Program and distributing the Settlement Fund as provided herein.
Settlement Administrator. “Settlement Administrator” shall mean the qualified party selected by the Plaintiff and Defendant and designated in the Preliminary Approval Order to administer the Settlement, including implementing the Notice Program and administering the Settlement Website. Neither Plaintiff nor Defendant shall have any responsibility for any acts or omissions of the Settlement Administrator. The parties have agreed to select Rust Consulting as the Settlement Administrator.
Settlement Administrator. The third party administrator agreed upon by Parties to administer this Settlement is CPT Group, Inc.
Settlement Administrator. 1. The Settlement Administrator appointed under “Exhibit B”, which is attached and incorporated herein, shall create a Qualified Settlement Fund within the meaning of Treasury Regulation Section 1.468B-1 of the U.S. Internal Revenue Code of 1986, as amended. The Settlement Administrator shall also establish a distribution account (the “Qualified Settlement Fund Distribution Account”) to receive from Nationstar (a) the deposit of the Borrower Payment Amount as provided in Section VII for borrower distributions, and (b) any portion of the Administrative Penalty and Administrative Costs that Nationstar deposits as provided for in Section VIII for distribution to Participating States.
Settlement Administrator. The Court hereby approves the appointment of Strategic Claims Services as the Settlement Administrator for the Settlement. The Court directs that the Settlement Administrator shall:
a) By no later than , 2023 (30 calendar days after entry of this Preliminary Approval Order), cause the Settlement Notice and Former Participant Claim Form, with such non-substantive modifications thereto as may be agreed upon by the Parties, to be provided by first-class mail, postage prepaid, to the last known address of each member of the Settlement Class who can be identified through reasonable effort. The Settlement Administrator shall use commercially reasonable efforts to locate any Class Member whose Settlement Notice and Former Participant Claim Form is returned and re-send such documents one additional time. In addition, for each Former Participant, Beneficiary, and Alternate Payee who has not returned the Former Participant Claim form within seventy-five (75) days of the entry of the Preliminary Approval Order, the Settlement Administrator shall send within ten (10) days thereafter a post card by electronic mail (if available) or first-class mail, postage prepaid, to such Class Members notifying them again of the deadline by which to submit the Former Participant Claim Form.
b) By no later than , 2023 (30 calendar days after entry of this Preliminary Approval Order), cause the Settlement Notice to be published on the Settlement Website identified in the Settlement Notice, which will also host and make available copies of all Settlement-related documents, including the Settlement Agreement.
c) The Court finds that the contents of the Settlement Notice and the process described herein and in the Settlement are the best notice practicable under the circumstances, and satisfy the requirements of Rule 23(c) and Due Process.
Settlement Administrator. The Settlement Administrator shall administer various aspects of the Settlement as described in the next paragraph hereafter and perform such other functions as are specified for the Settlement Administrator elsewhere in this Agreement, including, but not limited to, effectuating the Notice Program and distributing the Settlement Fund as provided herein.
Settlement Administrator. “Settlement Administrator” means the company selected by Plaintiffs’ Counsel, with approval by ▇▇▇▇▇▇▇, and unaffiliated with either party or any involved law firms, retained by the Parties to administer Notice and distribution of settlement monies.