Calculation of Class Members’ and Subclass A Members’ Settlement Payments Sample Clauses

Calculation of Class Members’ and Subclass A Members’ Settlement Payments. Settlement payments to each Class Member and Subclass A member filing a valid claim accepted by the Claims Administrator shall be determined by use of the formula set forth below: The total amount of distributable settlement funds (Settlement Fund net of the Pfizer Opt-Out Reduction, taxes, attorneys’ fees, and litigation expenses) multiplied by a percentage derived by dividing the Class Member’s (or Subclass A Member’s) Recognized Claim Amount by the sum of the Recognized Claim Amounts of (1) all Class Members, and (2) all Subclass A Members. Example Calculation No. 1: Assumptions:  Class Member No. 1’s Submitted Claim Amount = $15 million.  Total of all Class Members’ Recognized Claims Amounts = $250 million  Total of all Subclass A Members’ Recognized Claim Amounts = $50 million  Total Distributable Settlement Funds (Net) = $205 million. Class Member No. 1’s settlement payment = $205 million x ($15 million / $300 million) = $205 million x .05 = $10,250,000.00 Example Calculation No. 2: Assumptions:  Subclass A Member No. 2’s Submitted Claim Amount = $15 million.  Total of all Class Members’ Recognized Claims Amounts = $250 million  Total of all Subclass A Members’ Recognized Claim Amounts = $50 million  Total Distributable Settlement Funds (Net) = $205 million. Subclass A Member No. 2’s settlement payment = $205 million x ($15 million x 1.80) / $300 million) = $205 million x ($27 million / $300 million) = $205 million x .09 = $18,450,000.
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Related to Calculation of Class Members’ and Subclass A Members’ Settlement Payments

  • Notice to Settlement Class Members 5.1 The Parties agree that the following Notice Program provides reasonable notice to the Settlement Class.

  • Payments to Settlement Class Members (a) Defendant shall pay into the Escrow Account the amount of the Settlement Fund ($1,000,000.00), specified in Paragraph 1.33 of this Agreement, within sixty (60) days after Final Approval.

  • Settlement Class Members “Settlement Class Members” shall mean all persons in the Class who do not exclude themselves pursuant to Section F, herein, and those who submit a Valid Claim.

  • 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, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. 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 Xxxx XXX 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 xxx.xxx.xxx.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • DISTRIBUTION OF DISSOCIATING MEMBERS INTEREST Upon determination of the dissociating Members’ interest value, the value will be a debt of the Company. The dissociating Member will only be able to demand payment of this debt at dissolution of the Company or by the following method:

  • Participating Class Members The Administrator will send, by U.S. mail, a single check to every Participating Class Member (i.e., every Class Member who doesn’t opt-out) including those who also qualify as Aggrieved Employees. The single check will combine the Individual Class Payment and the Individual PAGA Payment.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • The Settlement Fund 37. Releasors shall look solely to the Settlement Fund for settlement and satisfaction of all Released Claims against the DENSO Defendants and the Releasees, and shall have no other recovery against the DENSO Defendants or any other Releasee for any Released Claims.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

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