Class Compensation Clause Samples
Class Compensation. Defendants shall provide the Class Compensation set forth in paragraph of the Settlement Agreement on the timetable provided in the Settlement Agreement.
Class Compensation. Defendant has created a settlement fund totaling $360,000.00 (the “Settlement Fund”) to pay valid Settlement Class member claims on a pro rata basis, to pay an incentive award to Plaintiff for serving as the Class Representative, to pay Class Counsel’s attorneys’ fees and reasonable litigation expenses, and to pay the costs incurred by the Settlement Administrator for notifying the Settlement Class and administering the Settlement Fund.
Class Compensation. In accordance with the terms of the Settlement Agreement, ▇▇▇▇▇▇ Dental shall create a Settlement Floor of $1,600,000, separate and apart from any costs related to notice and administration. No portion of the Settlement Floor shall revert back to ▇▇▇▇▇▇ Dental. Should the amount of Agreed Payments exceed $1,600,000, ▇▇▇▇▇▇ Dental will contribute all necessary funds to pay the Agreed Payments.
Class Compensation. In accordance with the terms of the Agreement, Defendant shall cause the Underwriters to Lloyd’s Syndicate 1200 to pay the Settlement Amount set forth in paragraph 3 of the Agreement pursuant to the procedures set forth in paragraphs 9 and 10 of the Agreement.