Process for Distribution Clause Samples

Process for Distribution. ‌ (1) After the Agreement is Final, Class Counsel shall pay out the Settlement Amount in the Escrow Account in accordance with the following priorities: (A) Class Counsel Fees as approved by the Court; (B) Class Counsel Disbursements as approved by the Court; (C) All Administration Expenses and Partially Refundable Expenses. The Defendants are specifically excluded from eligibility for any payment of costs or expenses under this section; (D) Any taxes required by law or to be paid to any governmental authority; (E) Honoraria as approved by the Court; and (F) Charitable Payments as approved by the Court served in a jointly worded letter as approved by Counsel for the Defendants and Class Counsel as follows: “Attached is a donation cheque to your organization, arising from the settlement of a proposed class action in which our clients participated. The Alberta Court of Kings Bench approved the settlement and approved the charitable distribution of the settlement funds to your organization”.