Procedure for Payment of Settlement Awards Sample Clauses

Procedure for Payment of Settlement Awards. Within fourteen 25 (14) calendar days after the Effective Date, the Settlement Administrator will pay 26 Attorneys’ Fees and Costs, the Named Plaintiff’s Service Award, and the LWDA’s share 27 of the PAGA Award to the LWDA. Within fourteen (14) calendar days after the Effective 28 Date, the Settlement Administrator shall mail Individual Settlement Awards to the Class 1 Members. Any checks paid to Class Members shall remain valid and negotiable for one 2 hundred twenty (120) calendar days from the date of their issuance ("Check Stale Date"). 3 Any checks not cashed after one hundred twenty (120) calendar days will be distributed as 4 set forth within this Agreement. For any checks that are returned with a forwarding 5 address, the Settlement Administrator shall send the check to that forwarding address 6 within ten (10) calendar days. For any checks that are returned with no forwarding 7 address, the Settlement Administrator shall attempt to determine a correct address by using 8 a single computer or other search and shall call the Class Member at the telephone number 9 provided by Defendants. If the Settlement Administrator obtains a new address, then the 10 check shall be mailed to that new address within ten (10) calendar days. In the event these 11 procedures are utilized and the person does not receive the check, no additional steps are 12 required and the Settlement Administrator will have fulfilled all of its obligations under 13 this Section. If any checks are not redeemed or deposited within sixty (60) calendar days 14 after mailing, the Settlement Administrator will send a reminder postcard indicating that 15 unless the check is redeemed or deposited in the next sixty (60) days, it will expire and 16 become non-negotiable, and offer to replace the check if it was lost or misplaced. 17 18 15. Administration of the Settlement shall be completed on or 19 before the date approximately ninety (90) days after the Check Stale Date. At that time, the 20 Settlement Administrator shall cancel any uncashed or deposited settlement checks. All 21 funds associated with uncashed or undeposited settlement checks shall be transmitted to 22 the State Controller’s Office with the identity of the Class Member to whom the funds 23 belong. Upon completion of administration of the Settlement, the Settlement Administrator 24 shall provide Class Counsel and counsel for Defendants with a declaration of completion 25 to be filed with the Court by counsel for Defendants. 26
Sample 1
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Related to Procedure for Payment of Settlement Awards

  • Procedure for Payment Whenever a payment for fractional Rights, Preferred Shares or Common Shares is to be made by the Rights Agent pursuant to this Agreement, the Company will (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payment and the prices or formulas utilized in calculating such payments; and (ii) provide sufficient monies to the Rights Agent to make such payments. The Rights Agent will be fully protected in relying upon such certificate and will have no duty with respect thereto, and will not be deemed to have knowledge of any payment for fractional Rights, Preferred Shares or Common Shares pursuant to this Agreement unless and until the Rights Agent has received such certificate and sufficient monies.

  • PROCEDURE FOR APPROVAL OF SETTLEMENT 28. Acceptance of this Settlement Agreement shall be sought at a hearing of the Central Regional Council of the MFDA on a date agreed to by counsel for Staff and the Respondent.

  • Provisions Relating to Dividend Disbursing Agency A. Service Company will, at the expense of Fund, provide a special form of check containing the imprint of any device or other matter desired by Fund. Said checks must, however, be of a form and size convenient for use by Service Company.

  • Procedure for Benefits Modifications 1. Proposals for major retirement benefit modifications will be negotiated in joint meetings with the certified employee organizations whose memberships will be directly affected. Agreements reached between Management and organizations whereby a majority of the members in LACERS are affected shall be recommended to the City Council by the CAO as affecting the membership of all employees in LACERS. Such modifications need not be included in the MOU in order to be considered appropriately negotiated.

  • Procedure for Payment of Indemnifiable Amounts Indemnitee shall submit to the Company a written request specifying the Indemnifiable Amounts for which Indemnitee seeks payment under Section 3 of this Agreement and the basis for the claim. The Company shall pay such Indemnifiable Amounts to Indemnitee within twenty (20) calendar days of receipt of the request. At the request of the Company, Indemnitee shall furnish such documentation and information as are reasonably available to Indemnitee and necessary to establish that Indemnitee is entitled to indemnification hereunder.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • TERMS OF SETTLEMENT 26. The Respondent agrees to the following terms of settlement:

  • Certain Settlement Provisions The Corporation shall have no obligation to indemnify Indemnitee under this Agreement for amounts paid in settlement of any action, suit or proceeding without the Corporation’s prior written consent, which shall not be unreasonably withheld. The Corporation shall not settle any action, suit or proceeding in any manner that would impose any fine or other obligation on Indemnitee without Indemnitee’s prior written consent, which shall not be unreasonably withheld.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, the Settlement is not approved, or the Effective Date of the Settlement otherwise fails to occur, this Order shall be vacated, rendered null and void, and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Lead Plaintiff, the other Settlement Class Members, and Defendants, and the Parties shall revert to their respective positions in the Action immediately prior to the execution of the Stipulation.

  • Procedure Upon Termination In the event of termination by Buyer or Seller, as applicable, pursuant to Section 6.1 hereof, written notice thereof shall forthwith be given to the other party and the transactions contemplated by this Agreement shall be terminated without further action by Buyer or Seller. If the transactions contemplated by this Agreement are so terminated:

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