SETTLEMENT APPROVAL PROCESS Clause Samples
The Settlement Approval Process clause outlines the procedures and requirements for obtaining formal approval of any settlement agreement reached between parties. Typically, this clause specifies the steps that must be followed, such as submitting the proposed settlement to a court or regulatory body for review, and may require notification to all relevant parties or stakeholders. Its core practical function is to ensure that any settlement is legally valid and enforceable, protecting the interests of all parties and preventing future disputes over the legitimacy of the agreement.
SETTLEMENT APPROVAL PROCESS. 10.1 As soon as practicable after execution of this Settlement Agreement, the Parties shall jointly submit this Settlement Agreement to the Court and file a motion for preliminary approval of the settlement, requesting entry of a Preliminary Approval Order in the form attached hereto as Exhibit D, or an order substantially similar to such form in both terms and cost, which:
(a) Preliminarily approves this Settlement Agreement;
(b) Certifies the Settlement Class for settlement purposes only pursuant to Section 2;
(c) Finds that the proposed Settlement is sufficiently fair, reasonable, and adequate to warrant providing notice to Settlement Class Members;
(d) Appoints the Settlement Administrator in accordance with the provisions
(e) Approves the Notice Program and directs the Settlement Administrator to provide Notice to Settlement Class Members in accordance with the Notice Program provided for in this Settlement Agreement;
(f) Approves a customary form of short notice to be sent to Settlement Class Members (the “Short Form Notice”) in a form substantially similar to the one attached hereto as Exhibit A and a customary long form of notice (“Long Form Notice”) in a form substantially similar to the one attached hereto as Exhibit B, which together shall include a fair summary of the Parties’ respective litigation positions, the general terms of the Settlement set forth in this Settlement Agreement, instructions for how to opt-out of or object to the settlement, the process and instructions for making claims to the extent contemplated herein, and the date, time, and place of the Final Approval Hearing;
(g) Approves a Claim Form substantially similar to that attached hereto as Exhibit C, and directs the Settlement Administrator to conduct Settlement Administration in accordance with the provisions of this Settlement Agreement;
(h) Approves the Opt-Out and Objection procedures as outlined in this Settlement Agreement;
(i) Schedules a Final Approval Hearing to consider the fairness, reasonableness, and adequacy of the proposed Settlement and whether it should be finally approved by the Court;
(j) Appoints Class Counsel;
(k) Appoints Plaintiffs as the Settlement Class Representatives; and
(l) Contains any additional provisions agreeable to the Parties that might be necessary or advisable to implement the terms of this Settlement Agreement.
SETTLEMENT APPROVAL PROCESS. After execution of this Settlement Agreement, the Parties shall promptly move the Court to enter the Preliminary Approval Order, which:
SETTLEMENT APPROVAL PROCESS. After execution of this Settlement Agreement, Class Counsel shall submit this Settlement Agreement to the Court and file a motion for preliminary approval of the Settlement with the Court requesting entry of a Preliminary Approval Order in the form attached hereto as Exhibit D, or an order substantially similar to such form, which:
SETTLEMENT APPROVAL PROCESS. Approval Hearing
8.1 The Plaintiffs will seek an Approval Order from the court. The Defendants will consent to the Approval Order.
SETTLEMENT APPROVAL PROCESS. 70. After execution of this Settlement Agreement, Plaintiffs shall promptly move the Court to enter a Preliminary Approval Order in the form attached hereto as Exhibit D, or an order substantially similar to such form, which:
a. Preliminarily approves this Settlement Agreement;
b. Provisionally certifies the Settlement Class for settlement purposes only;
c. Finds the proposed Settlement is sufficiently fair, reasonable, adequate, and in the best interests of the Settlement Class;
d. Finds the Notice Program constitutes valid, due, and sufficient notice to the Settlement Class Members, and constitutes the best notice practicable under the circumstances, complying fully with the requirements of the laws of Florida, the Constitution of the United States, and any other applicable law and that no further notice to the Class is required beyond that provided through the Notice Program;
e. Appoints the Settlement Administrator;
f. Directs the Settlement Administrator to provide notice to Settlement Class Members in accordance with the Notice Program provided for in this Settlement Agreement;
g. Approves the Claim Form and directs the Settlement Administrator to administer the claims process in accordance with the provisions of this Settlement Agreement;
h. Approves the Opt-Out and Objection procedures as outlined in this Settlement Agreement;
i. Schedules an appropriate Opt-Out Date, Objection Deadline and other Settlement-related dates and deadlines to be included in the Class Notice;
SETTLEMENT APPROVAL PROCESS. As soon as practicable after execution of this Settlement Agreement, Plaintiffs shall file a motion requesting entry of a Preliminary Approval Order in the form attached as Exhibit “E” that:
SETTLEMENT APPROVAL PROCESS. A. The parties agree to seek the Court's approval for the Settlement Agreement and, for settlement purposes only, cerdfication of the following Fed. R. Civ.
SETTLEMENT APPROVAL PROCESS. 1. The Parties acknowledge that prompt approval, consummation, and implementation of this settlement are essential. The Parties shall cooperate with each other in good faith to carry out the purposes of and effectuate this settlement, shall promptly perform their respective obligations hereunder, and shall promptly take any and all actions and execute and deliver any and all additional documents and all other materials and information reasonably necessary or appropriate to carry out the terms of this settlement and the transactions contemplated hereby.
SETTLEMENT APPROVAL PROCESS. After execution of this Settlement Agreement, the Parties shall promptly move the Court to enter the Preliminary Approval Order that is without material alteration from Exhibit C hereto, which:
A. Preliminarily approves this Settlement Agreement;
B. Preliminarily certifies the Settlement Class;
C. Finds that the proposed Settlement is sufficiently fair, reasonable and adequate to warrant providing notice to the Settlement Class;
D. Schedules a Fairness Hearing on final approval of this Settlement and Settlement Agreement to consider the fairness, reasonableness and adequacy of the proposed Settlement and whether it should be finally approved by the Court, such Fairness Hearing to take place not less than one hundred forty (140) Days after the Preliminary Approval Date;
E. Appoints the Settlement Administrator in accordance with in accordance with Section III Paragraph C of this Settlement Agreement;
F. Approves the Class Notice, and directs the Settlement Administrator to disseminate the Class Notice in accordance with the Settlement Class Notice Program;
G. Finds that the Settlement Class Notice Program: (i) is the best practicable notice,
SETTLEMENT APPROVAL PROCESS. 10.1 As soon as practicable after execution of this Settlement Agreement, the Parties shall jointly submit this Settlement Agreement to the Court and file a motion for preliminary approval of the settlement, requesting entry of a Preliminary Approval Order in a form substantially similar to the one attached hereto as Exhibit D, or as approved by the Court, which:
(a) Preliminarily approves this Settlement Agreement;