Residual Funds. 8.1.2.4 Full-time faculty who are hired after January 1, 2005 will not receive residual funds from the District health and welfare contribution of five thousand two hundred dollars ($5,200). Residual funds are defined as those moneys left over from the District contribution of five thousand two hundred dollars ($5,200) after the full-time faculty member has selected his/her health, dental, and mandatory life insurance coverage.
Residual Funds. The Settlement is designed to exhaust the Settlement Fund. To the extent any monies remain in the Net Settlement Fund more than 120 days after the distribution of all Settlement Payments to the class members, a subsequent Settlement Payment will be evenly made to all Class Members with approved claims for Cash Fund Payments who cashed or deposited the initial payment they received, provided that the average check amount is equal to or greater than Three Dollars and No Cents ($3.00). The distribution of this remaining Net Settlement Fund shall continue until the average check or digital payment in a distribution is less than three dollars ($3.00), whereupon the amount remaining in the Net Settlement Fund, if any, shall be distributed by mutual agreement of the Parties to a Court-approved non-profit recipient. Should it become necessary to distribute any remaining amount of the Net Settlement Fund to a Court-approved non-profit recipient, the Parties shall petition the Court for permission to do so, providing the Court with details of the proposed non-profit recipient.
Residual Funds. For purposes of this Agreement, the term “Residual Funds” means Direct Service Worker Reimbursement Rate funds that are to compensate and pay required tax and other withholdings (state and/or federal) for Participant’s DSW/employee, that are retained and not spent by the Participant during the term of the Agreement. Participant may utilize such Residual Funds pursuant to the following:
Residual Funds. 1. Monies, if any, remaining in the Settlement Fund Account as a result of the accrual of interest on the Fund after the settlement amounts were calculated and/or any Residual Funds shall be distributed to Volunteer Connections of Central Alabama, a 501(c)(3), tax exempt organization located in Alexander City that assists seniors, low income persons, and the local community.
Residual Funds. Any funds remaining in the Trust upon completion of all required Environmental Response Actions shall be distributed to DEC to be used for any lawful purpose within DEC’s sole discretion.
Residual Funds. To the extent any monies remain in the Net Settlement Fund more than one hundred fifty (150) days after the distribution of all Settlement Payments to the Class Members, a subsequent Settlement Payment will be evenly made to all Class Members with Approved Claims who cashed or deposited the initial payment they received, provided that the average check amount is equal to or greater than Three Dollars and No Cents ($3.00). The distribution of this remaining Net Settlement Fund shall continue until the average check or digital payment amount in a distribution is less than Three Dollars and No Cents ($3.00). If the average payment amount in a distribution would be less than Three Dollars and No Cents ($3.00), and if possible, the remaining Net Settlement Fund will be used to extend the CMIS to Class Members receiving that benefit for as long as possible.
Residual Funds. For any Settlement Payment funds which remain in the Settlement Fund Account one year after the Payment Date—consisting of checks that were successfully delivered but not timely negotiated, and checks deemed undeliverable by the Settlement Administrator (collectively, “Residual Funds”)—such Residual Funds shall be treated as unclaimed property of the corresponding accountholders, subject to applicable state unclaimed property procedures; provided that any administrative costs of the Settlement Administrator in connection with the distribution of the Residual Funds pursuant to this Section IV.C.5 shall be paid from the Residual Funds, shall not increase AT&T’s monetary obligation under this Settlement Agreement, and shall reduce pro rata the respective unclaimed property amounts for the accountholders with uncashed or undeliverable Settlement Payment checks. Nothing contained in this Section IV.C.5 shall impose any obligations on AT&T, and the Settlement Administrator shall be responsible for performing any and all obligations that may be required by any state’s unclaimed property laws and procedures in connection with any Residual Funds.
Residual Funds. For residual amounts remaining in the Preventive Measures Claims Settlement Administration Fund as of one (1) year following the Effective Date, due to uncashed checks and/or as a result of the $1,500/$500 per Claimant payment caps (described above), such residual amounts (the “Residual Funds”) shall be distributed as follows:
Residual Funds. In the event Your Account is cancelled, closed, or terminated for any reason and thereafter NBLSL receives funds to be applied to your Account, NBLSL reserves the right to apply the funds to any obligations you may have in your Account and/or transfer the funds to the balance of any active accountyou may own with an NBLSL Affiliate.
Residual Funds. In accordance with the definition of “Diamond Alkali Remediation Allocation” in the Plan, solely in the event all remediation and restoration activities have been completed at or on account of Operable Xxxx 0 and Operable Unit 4 of the Diamond Alkali Site, any residual funds in the Remediation Distribution Account or in the Restoration Distribution Account at that time not otherwise required for the ERRT Administrative Account, as determined by the ERRT Trustee in consultation with the Liquidating Trust Oversight Committee, shall be used to reimburse remediation expenses in, and environmental restoration expenses on account of, Operable Xxxx 0, and the provisions of this Agreement shall be applied mutatis mutandis. Upon the completion of remediation and restoration activities at or on account of Operable Xxxx 0, any remaining funds not otherwise required for the ERRT Administrative Account shall be transferred to the United States in accordance with Section 6.03 of this Agreement.
