Settlement Payments to Participating Class Members Clause Samples

The "Settlement Payments to Participating Class Members" clause defines how and when members of a class action lawsuit who are eligible and have not opted out will receive their share of the settlement funds. Typically, this clause outlines the process for calculating individual payments, the method of distribution (such as checks or electronic transfers), and any conditions that must be met before payments are issued, like final court approval. Its core practical function is to ensure that compensation is fairly and efficiently distributed among class members, resolving claims and providing closure to the litigation.
Settlement Payments to Participating Class Members. If the Settlement is granted final approval, after deduction of any Court-approved attorneys’ fees, litigation expenses, service payments to the Class Representatives, and expenses of settlement administration, the remaining amount (“Net Settlement Amount”) will be divided equally between the Participating Class Members. As soon as practicable after the Effective Date of the Settlement, the Settlement Administrator will mail to each Participating Class Member a check representing that person’s settlement payment.
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Settlement Payments to Participating Class Members. If the Settlement is granted final approval, after deduction of any Court-approved attorneys’ fees, litigation expenses, and service payments that the Court may award to the Class Representatives and other Class Members who assisted Class Counsel, as well as expenses of settlement administration, the remaining amount (“Net Settlement Amount”) will be divided equally between the Participating Class Members. As soon as practicable after the Effective Date of the Settlement, the Settlement Administrator will transmit to each Participating Class Member a payment representing that person’s settlement payment. Participating Class Members may elect to receive their settlement payment in the form of a check or an electronic payment such as Venmo, direct deposit/ACH, or PayPal.
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Settlement Payments to Participating Class Members. The number of full workweeks that a 23 Participating Class Member was on a leave of absence, sick time, or vacation during the Class Period 24 shall be excluded from the total number of Workweeks.
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Settlement Payments to Participating Class Members. If the Settlement is granted final approval, after deduction of any Court-approved attorneys’ fees, litigation expenses, service payments to the Class Representatives, and expenses of settlement administration, the remaining amount (“Net Settlement Amount”) will be divided equally between the Participating Class Members. As soon as practicable after the Effective Date of the Settlement, the Settlement Administrator will mail to each Participating Class Member a check representing that person’s settlement payment. The “Effective Date” will be determined as follows: (a) The Effective Date will be the date the Court enters an order and judgment granting final approval of the Settlement (“Judgment Entry Date”) unless a Class Member files a timely objection to the Settlement that is not withdrawn on or before the Judgment Entry Date; (b) If a Class Member files a timely objection to the Settlement that is not withdrawn on or before the Judgment Entry Date, then the Effective Date will be sixty-one (61) days following the Judgment Entry Date, unless that Class Member files a timely notice of appeal of the judgment; and (c) If a Class Member who has filed a timely objection to the Settlement also files a timely notice of appeal of the judgment, then the Effective Date will be the date the appeal is dismissed or the judgment is affirmed and no longer subject to mandatory or discretionary appellate review.
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Settlement Payments to Participating Class Members. The Settlement Administrator shall make three payments to the Class Members who have made Valid Claims. The distribution will be mailed by the Settlement Administrator within twenty eight (28) days following the date on which the Court has approved the Settlement and there are no remaining disputes by Class Members. The second distribution will be mailed by the Settlement Administrator within six months of the first distribution. The third distribution will be mailed by the Settlement Administrator within six months of the second distribution. ALL CHECKS RECEIVED PURSUANT TO THIS SETTLEMENT MUST BE CASHED WITHIN 60 DAYS FROM THE DATE OF MAILING. FAILURE TO CASH ANY CHECK WITHIN 60 DAYS WILL MAKE PARTICIPATING CLASS MEMBERS INELIGIBLE FOR FURTHER PAYMENTS.
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Related to Settlement Payments to Participating Class Members

  • To Each Participating Class Member An Individual Class Payment calculated by (a) dividing the Net Settlement Amount by the total number of Workweeks worked by all Participating Class Members during the Class Period and (b) multiplying the result by each Participating Class Member’s Workweeks.

  • 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.

  • Settlement Class Certification The Settling Parties agree, for purposes of this settlement only, to the certification of the Settlement Class. If the settlement set forth in this Settlement Agreement is not approved by the Court, or if the Settlement Agreement is terminated or cancelled pursuant to the terms of this Settlement Agreement, this Settlement Agreement, and the certification of the Settlement Class provided for herein, will be vacated and the Litigation shall proceed as though the Settlement Class had never been certified, without prejudice to any Person’s or Settling Party’s position on the issue of class certification or any other issue. The Settling Parties’ agreement to the certification of the Settlement Class is also without prejudice to any position asserted by the Settling Parties in any other proceeding, case or action, as to which all of their rights are specifically preserved.

  • Settlement Class In the event of such dispute, the party raising the dispute shall be limited to seeking declaratory relief, and to no other form of relief. The declaratory relief available as to any such dispute shall be limited to deciding whether (y) the putative buying group is a properly organized bona fide buying group that complies with the requirements of this Paragraph, and/or (z) whether Visa negotiated in good faith with the putative buying group. The parties, including all members of the Rule 23(b)(2) Settlement Class, waive all rights to appeal from any such determinations. Upon resolution of the dispute by the Court, the losing party shall be responsible for all attorneys’ fees and expenses of the prevailing party unless the Court determines that the circumstances make such an award unjust.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your ▇▇▇▇ ▇▇▇ within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at ▇▇▇.▇▇▇.▇▇▇.