IKO Fiberglass Shingle Option Sample Clauses

IKO Fiberglass Shingle Option. (1) Eligible Settlement Claimants can elect to receive IKO fiberglass shingles in lieu of some or all of the cash payment they would otherwise have been paid from the Settlement Amount. Where the Eligible Settlement Claimant so elects, the Defendants shall provide the Claims Administrator with coupons to be provided to the Eligible Settlement Claimants that the Eligible Settlement Claimants can use to purchase the appropriate number of bundles of IKO fiberglass shingles from an IKO distributor. The number of bundles will be calculated by dividing that part of the Settlement Claim Value elected to be paid in IKO fiberglass shingles by the amount set out below and rounding to the nearest whole number:
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