Common use of W-9 Requirement Clause in Contracts

W-9 Requirement. The Participating NYC Class Members who are deemed to be eligible to receive the Enhanced Payment pursuant to Section III.B will be required to submit a Form W-9. The Settlement Administrator will send the Form W-9 to such individuals via U.S. mail (including an envelope with pre-paid postage) and e-mail with a link to submit the form on the Settlement website, within fourteen (14) days after completing the Article 23-A Analysis described in Section III.E. The completed Form W-9 can be submitted via U.S. mail, e-mail, fax, and the Settlement Website. For Participating NYC Class Members who are deemed to be eligible to receive the Enhanced Payment but fail to submit a Form W-9, the Settlement Administrator will make a reasonable follow-up effort, including sending a reminder postcard, to ensure that such individuals properly submit a Form W-9. If the Participating NYC Class Members who are deemed to be eligible to receive the Enhanced Payment fail to submit the Form W-9 within ninety (90) days, the Settlement Administrator will hold his or her Settlement Payment in escrow throughout the 120-day check-cashing period described in Section III.I. If such individual deemed eligible to receive the Enhanced Payment fails to submit the Form W-9 within ninety (90) days, and whose Settlement Payment is in escrow throughout the 120-day check-cashing period described in Section III.I, submits the Form W-9 during the 120-day check-cashing period, the Settlement Administrator will issue the Settlement Payment and the Settlement Check will become void at the conclusion of the initial 120-day check-cashing period, or 60-days after issuance of the check, whichever is longer, as described in Section III.I. If such individual fails to submit the Form W-9 during the 120-day check-cashing period, the monetary value of his or her Settlement Payment will be donated to Getting Out Staying Out (“GOSO”), a non-profit organization.