Summary of the Settlement Clause Samples

Summary of the Settlement. To see if you will get money from this settlement, you first have to decide if you are a Class Member.

Summary of the Settlement. Allstate agreed to establish a Settlement Fund of $3,300,000 to pay Settlement Class Members who make valid and timely claims; pay any service award to the Class Representative; pay attorneys’ fees and costs to Class Counsel; and pay settlement notice and administration costs. Any remaining monies from uncashed settlement checks may be redistributed or paid to one or more non-profits. This is a summary notice only; additional details of the Settlement can be found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or by calling 1-XXX-XXX- XXXX.

Summary of the Settlement. The Settlement establishes the transmission plant depreciation rates to be included in Pepco’s Formula Rate Template, as well as the general plant and intangible asset rates, and resolves all disputes between the Parties regarding those depreciation rates. A summary of the provisions of the Settlement is included below. The Preamble describes the Parties and the effect of the Settlement on Docket No. ER21- 83-000 and EL21-28-000 and all sub-dockets thereto. Section 1.1 provides the definitions applicable to the Settlement. Section 2.1. identifies the tariff records filed as part of the Settlement, noting that Exhibits A and B include changes to the Formula Rate Template included in Attachment H-9A to PJM’s OATT, together with a redline/strikethrough version of the Formula Rate Template showing such changes. Exhibit C, included for informational purposes, shows the portion of each plant account’s depreciation rate that is attributable to service lives and the portion that is attributable to net salvage. The changes to the Formula Rate Template shown in Exhibits A and B to the Settlement are to the Settlement depreciation rates set forth in Attachment 12 to the Formula Rate Template, which reflect the negotiated stated transmission depreciation rates and include the general and intangible depreciation and amortization rates as reflected either in Pepco’s 2021 Annual Update in Docket No. ER09-1159 or the state dockets from which these rates were developed. Section 2.1 states that this Settlement shall not be deemed as agreement with the methodology producing those general and intangible depreciation and amortization rates. Section 2.1. 2 provides that Pepco will include a note in Attachment 12 of the Formula Rate Template setting forth Pepco’s obligations with respect to Pepco’s future submission of revised transmission depreciation rates.

Summary of the Settlement. A Settlement Fund has been created as a consequence of the Settlement. In addition, certain non-monetary benefits will be provided to Class Members who are current Plan participants as a consequence of the Settlement. The Settlement Fund is a $1.8 million payment which the Company will pay into escrow, plus any accrued interest. The amount remaining in the Settlement Fund after payment of Court-approved attorneys’ fees and expenses, Court-approved compensation to the Named Plaintiffs, any taxes owed by the Settlement Fund (the “Net Proceeds”), will be allocated to members of the Class according to a Plan of Allocation to be approved by the Court. (All costs of providing notice to the Class, as well as all costs associated with administering the Settlement Fund, will be borne by Defendants.) The following non-monetary consideration will be provided by Defendants in addition to the $1.8 million in monetary consideration:

Summary of the Settlement. The Settlement Agreement requires the payment of “Settlement Consideration” generally consisting of the following amounts: (1) 100% of the Refunds (net of attorneys’ fees paid in connection with the successful resolution of the Tax Certiorari Proceeding) that were not paid to Class Members based on their pro rata unit ownership during the period July 1, 1994 through June 30, 2008; the parties’ joint review of the relevant records, including the available public real estate records evidencing the periods of ownership of each unit, establishes that the total Refunds are equal to $3,123,133.35; (2) the payment of interest on the unpaid Refunds, at an agreed amount of $250,000, and (3) a $5,000 incentive fee for each of the named Plaintiffs for their efforts in the prosecution of the Action, for total Settlement Consideration equaling $3,383,133.35. Under the Settlement Agreement, the Settlement Consideration will then be reduced by the following deductions (“Adjustments”): (a) the amount of the Refunds previously paid to prior unit owners who might otherwise fall within the definition of the Class, regardless of whether those amounts were paid to them by TPC, their buyer or any other person, currently estimated to be $ ; and (b) that portion of the Refunds allocated to Class Members who request exclusion from the Class. The Adjustments shall also include that portion of the Refunds allocated to any Class Member if it is determined before the distribution of the settlement proceeds that such Class Member waived his, her or its right to receive such Refunds. The amount of Settlement Consideration remaining after reductions for the Adjustments is referred to as the “Adjusted Settlement Consideration.” The total Settlement Consideration has already been paid into a settlement fund (the “Settlement Fund”); however, the Settlement Fund may be subject to Adjustments up to the time of distribution, both as a result of exclusion requests and if the parties identify additional Refunds previously paid to prior unit owners who might otherwise fall within the definition of the Class. If the Settlement is approved by the Court, the Settlement Fund will be used to pay all of the Settlement Administrator’s fees and costs for the administration of the Settlement, including the dissemination of this Notice, and the costs to distribute Settlement proceeds to Class Members. Additionally, Settlement Class Counsel will seek Court approval for an award of attorneys’ fees and reimbu...

Summary of the Settlement. Most of the FDIC’s current African-American employees work in these two D.C. area locations. This settlement calls for substantial changes in the FDIC’s policies and procedures and provides for a payment of monetary relief to the Class in an amount that is larger than any other known settlement of a race discrimination class action against a federal agency. While negotiation of these reforms was triggered by claims of race discrimination against African-American employees, these measures are intended to benefit all FDIC employees by promoting fairness, consistency and objectivity in the administration of employment practices. No quotas are provided and no employee would be displaced from his or her job as a result of any provision of the Consent Decree. The major terms of the Consent Decree are summarized below:

Summary of the Settlement. The Settlement establishes a forward-looking Formula Rate for PECO. A summary of the provisions of the Settlement is included below. The Preamble describes the Settling Parties and the effect of the Settlement on Docket No. ER17-1519 and all sub-dockets thereto. Section 1.1 provides the definitions applicable to the Settlement. Section 2.1 identifies the tariff records filed as part of the Settlement, noting that Exhibits A, B-1, B-2, C, and D include changes to the Formula Rates included in the following attachments to PJM’s OATT: H-7 (NITS Rate), H-7A (Formula Rate Template), H-7B (MDTAC), and H-7C (Protocols). This section also describes the submission of tariff records through eTariff with the Settlement Agreement. Section 2.2 provides that PECO will recalculate and post the projected net revenue requirements posted by PECO on the PJM website and OASIS website. Section 2.3 provides for a fixed refund of $985,093 plus interest for OATT Attachment H-7A for December 2017 and explains how these refunds will be made. Section 2.4 provides for a surcharge of $134,737 plus interest for OATT Attachment H-7B for December 2017 and explains how the surcharge will be applied. Section 2.5 provides for other refunds and surcharges based on the differences in the rates charged from January 1, 2018 and those set forth in the Settlement Agreement until the settlement rates are reflected in PECO’s invoices, and also explains how these refunds or surcharges will be made or applied. Section 2.6 explains that the ▇▇▇ is 10.35%, which consists of a base ▇▇▇ of 9.85% and an RTO Participation Adder of 50 basis points. This section also explains that there is a 55.75% cap on the equity percentage of PECO’s capital structure (“common

Summary of the Settlement. Under the proposed Settlement, Ocwen has agreed to establish a Settlement Fund of $17,500,000 to: (1) pay Class Members who make valid and timely claims; (2) pay any service award to the three Class Representatives; (3) pay attorneys’ fees and costs awarded by the Court; and (4) pay settlement notice and administration costs. Plaintiffs will request service awards of no more than $25,000 each, and attorneys’ fees of up to $5,833,333.33, plus costs. Any remaining monies from uncashed settlement checks may be redistributed to Claimants or paid to a non-profit organization with the proposed recipient(s) to be posted on the Settlement Website. Additional details of the Settlement can be found at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or by calling 1-XXX-XXX-XXXX. As part of the settlement, Ocwen has also agreed to an injunction requiring it to improve its procedures designed to prevent calls from being autodialed to cell phones without consent, and has agreed to enhanced damages for certain persons whose cell phones are called as a result of gaps in its recordkeeping and calling practices. Yes, each Class Member who submits a valid and timely Settlement Claim will receive a cash award, the amount of which depends on how many people make approved claims. Class Members who received calls on more than one cell phone may submit one claim per cell phone number, up to three. Class Counsel estimate that the amount of the cash award may be within the range of $50 to $90. You can make a claim by: (1) submitting your claim online at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇; or (2) printing a copy of the claim from [insert hyperlink] and mailing the completed form to Ocwen TCPA Settlement, c/o [Administrator] [Address].

Summary of the Settlement. The Settlement establishes a forward-looking Formula Rate for BGE. A summary of the provisions of the Settlement is included below. The Preamble describes the Parties and the effect of the Settlement on Docket No. ER21-214 and all sub-dockets thereto.