Common use of Settlement Administration Clause in Contracts

Settlement Administration. 5.1 Within fourteen (14) calendar days of the entry of the Preliminary Approval Order, Defendant shall use reasonable efforts to cause the Settlement Administrator to receive the Participant data sufficient to effectuate class Notice, implement the Plan of Allocation, and distribute the Settlement Fund. 5.2 The Settlement Administrator shall administer the Settlement subject to the supervision of Class Counsel and the Court as circumstances may require. 5.3 Defendant, Defendant’s Counsel and the Released Parties shall have no responsibility for, interest in, or liability whatsoever, with respect to: (a) any act, omission or determination of the Settlement Administrator, Class Counsel, or designees or agents of Class Counsel or the Settlement Administrator; (b) any act, omission or determination of Class Counsel or their designees or agents in connection with the administration of the Settlement; (c) the management, investment, or distribution of the Settlement Amount or the Distributable Settlement Amount; or (d) the determination, administration, calculation, or payment of any claims asserted against the Settlement Amount or the Distributable Settlement Amount. 5.4 The Settlement Administrator shall provide to Class Counsel and Defendant’s Counsel, no less frequently than monthly, a full accounting of all expenditures made in connection with the Settlement, including Administration Costs, and any distributions from the Settlement Amount. 5.5 The Settlement Administrator shall provide such information as may reasonably be requested by Plaintiff or Defendant or their respective counsel relating to administration of this Agreement.

Settlement Administration. 5.1 Within fourteen (14) calendar days of 4.1 As soon as practicable, L3Harris shall cause the entry of current recordkeeper for the Preliminary Approval Order, Defendant shall use reasonable efforts Plan to cause provide the Settlement Administrator to receive the Participant with reasonably obtainable participant data sufficient to effectuate class Notice, implement notice and to calculate each Settlement Class Member’s allocable portion of the Distributable Settlement Amount (the Plan of AllocationAllocation data). With respect to the Plan of Allocation data, and distribute the Settlement FundPlan’s Recordkeeper shall take commercially reasonable steps to ensure the data provided is complete as it exists in the Recordkeeper’s systems. Neither Plaintiffs, Plaintiffs’ Counsel, Defendants, or Defense Counsel will be responsible or liable in any way for ensuring the completeness or accuracy of the information provided by the Recordkeeper pursuant to this section. 5.2 4.2 The Settlement Administrator shall administer the Settlement subject to the supervision of Class Counsel Counsel, Defendants’ Counsel, and the Court as circumstances may require. 5.3 Defendant4.3 Defendants, Defendant’s Defendants’ insurers, and Defendants’ Counsel and the Released Parties shall have no responsibility for, interest in, or liability whatsoever, with respect to: (a) any act, omission omission, or determination of the Settlement Administrator, Class Counsel, or designees or agents of Class Counsel or the Settlement Administrator; (b) any act, omission omission, or determination of Class Counsel or their designees or agents in connection with the administration of the Settlement; (c) the management, investment, or distribution of the Settlement Amount or the Distributable Settlement Amount; or (d) the determination, administration, calculation, or payment of any claims asserted against the Settlement Amount or the Distributable Settlement Amount. 5.4 4.4 The Settlement Administrator shall provide to Class Counsel and Defendant’s Defendants’ Counsel, no less frequently than monthly, a full accounting of all expenditures made in connection with the Settlement, including Administration Costs, and any distributions from the Settlement Amount. 5.5 4.5 The Settlement Administrator shall provide such information as may be reasonably be requested by Plaintiff or Defendant or their respective counsel the Parties relating to administration of this Agreement.

Settlement Administration. 5.1 4.1 Within fourteen (14) calendar days of the entry of the Preliminary Approval Order, Defendant Defendants shall use reasonable efforts provide to cause the Settlement Administrator to receive the Participant participant data sufficient to effectuate class Noticenotice, implement the Plan of Allocation, and distribute the Settlement Fundsettlement proceeds. 5.2 4.2 The Settlement Administrator shall administer the Settlement subject to the supervision of Class Counsel Counsel, Defendants’ Counsel, and the Court as circumstances may require. 5.3 Defendant, Defendant’s 4.3 Defendants and Defendants’ Counsel and the Released Parties shall have no responsibility for, interest in, or liability whatsoever, with respect to: (a) any act, omission or determination of the Settlement Administrator, Class Counsel, or designees or agents of Class Counsel or the Settlement Administrator; (b) any act, omission or determination of Class Counsel or their designees or agents in connection with the administration of the Settlement; (c) the management, investment, or distribution of the Settlement Amount or the Distributable Settlement Amount; or (d) the determination, administration, calculation, or payment of any claims asserted against the Settlement Amount or the Distributable Settlement Amount. Notwithstanding the above, Class Counsel or their designees or agents and the Settlement Administrator shall not be held liable for any errors resulting from inaccurate plan transaction data provided by Defendants or their agents and representatives. 5.4 4.4 The Settlement Administrator shall provide to Class Counsel and Defendant’s Defendants’ Counsel, no less frequently than monthly, a full accounting of all expenditures made in connection with the Settlement, including Administration Costs, and any distributions from the Settlement Amount. 5.5 4.5 The Settlement Administrator shall provide such information as may be reasonably be requested by Plaintiff or Defendant or their respective counsel Defendants relating to administration of this Agreement.

Settlement Administration. 5.1 Within fourteen (14) calendar days of 4.1 As soon as practicable, the entry of Plan administrator shall cause the Preliminary Approval Order, Defendant shall use reasonable efforts Plan’s current and former recordkeepers to cause provide the Settlement Administrator to receive with the Participant reasonably obtainable participant data sufficient to effectuate class Notice, implement notice and to calculate each Settlement Class Member’s allocable portion of the Plan of Allocation, and distribute the Distributable Settlement FundAmount. 5.2 4.2 The Settlement Administrator shall administer the Settlement subject to the supervision of Class Counsel Counsel, Defendants’ Counsel, and the Court as circumstances may require. 5.3 Defendant4.3 Defendants, Defendant’s Defendants’ insurers, and Defendants’ Counsel and the Released Parties shall have no responsibility for, interest in, or liability whatsoever, with respect to: (a) any act, omission or determination of the Settlement Administrator, Class Counsel, or designees or agents of Class Counsel or the Settlement Administrator; (b) any act, omission or determination of Class Counsel or their designees or agents in connection with the administration of the Settlement; (c) the management, investment, or distribution of the Settlement Amount or the Distributable Settlement Amount; or (d) the determination, administration, calculation, or payment of any claims asserted against the Settlement Amount or the Distributable Settlement Amount. 5.4 4.4 The Settlement Administrator shall provide to Class Counsel and Defendant’s Defendants’ Counsel, no less frequently than monthly, a full accounting of all expenditures made in connection with the Settlement, including Administration Administrative Costs, and any distributions from the Settlement Amount. 5.5 4.5 The Settlement Administrator shall provide such information as may be reasonably be requested by Plaintiff or Defendant or their respective counsel the Parties relating to administration of this Agreement.

Settlement Administration. 5.1 5.1. Within fourteen (14) calendar days of the entry of the Preliminary Approval Order, Defendant Defendants shall use reasonable efforts provide to cause the Settlement Administrator to receive the Participant participant data sufficient to effectuate class Noticenotice, implement the Plan of Allocation, and distribute the Settlement Fundsettlement proceeds. 5.2 5.2. The Settlement Administrator shall administer the Settlement subject to the supervision of Class Counsel Counsel, Defendants’ Counsel, and the Court as circumstances may require. 5.3 Defendant, Defendant’s 5.3. Defendants and Defendants’ Counsel and the Released Parties shall have no responsibility for, interest in, or liability whatsoever, with respect to: (a) any act, omission or determination of the Settlement Administrator, Class Counsel, or designees or agents of Class Counsel or the Settlement Administrator; (b) any act, omission or determination of Class Counsel or their designees or agents in connection with the administration of the Settlement; (c) the management, investment, or distribution of the Settlement Amount or the Distributable Settlement Amount; or (d) the determination, administration, calculation, or payment of any claims asserted against the Settlement Amount or the Distributable Settlement Amount. 5.4 5.4. The Settlement Administrator shall provide to Class Counsel and Defendant’s Defendants’ Counsel, no less frequently than monthly, a full accounting of all expenditures made in connection with the Settlement, including Administration Costs, and any distributions from the Settlement Amount. 5.5 5.5. The Settlement Administrator shall provide such information as may be reasonably be requested by Plaintiff Plaintiffs or Defendant or their respective counsel Defendants relating to administration of this Agreement.. Case 1:15-cv-00030-EJM Document 87 Filed 05/20/16 Page 51 of 94

Settlement Administration. 5.1 Within fourteen ten (1410) calendar days of the entry of the Preliminary Approval Order, Defendant Defendants shall use reasonable efforts provide to cause the Settlement Administrator to receive the Participant participant data sufficient to effectuate class Noticenotice, implement the Plan of Allocation, and distribute the Settlement Fundsettlement proceeds. 5.2 The Settlement Administrator shall administer the Settlement subject to the supervision of Class Counsel Counsel, Defendants’ Counsel, and the Court as circumstances may require. 5.3 Defendant, Defendant’s Defendants and Defendants’ Counsel and the Released Parties shall have no responsibility for, interest in, or liability whatsoever, with respect to: (a) any act, omission or determination of the Settlement Administrator, Class Counsel, or designees or agents of Class Counsel or the Settlement Administrator; (b) any act, omission or determination of Class Counsel or their designees or agents in connection with the administration of the Settlement; (c) the management, investment, or distribution of the Settlement Amount or the Distributable Settlement Amount; or (d) the determination, administration, calculation, or payment of any claims asserted against the Settlement Amount or the Distributable Settlement Amount. 5.4 The Settlement Administrator shall provide to Class Counsel and Defendant’s Defendants’ Counsel, no less frequently than monthly, a full accounting of all expenditures made in connection with the Settlement, including Administration Costs, and any distributions from the Settlement Amount. 5.5 The Settlement Administrator shall provide such information as may be reasonably be requested by Plaintiff or Defendant or their respective counsel Defendants relating to administration of this Agreement.