Settlement Amount Allocation Clause Samples

Settlement Amount Allocation. The Parties agree that the Settlement Amount will be allocated as follows, subject to Court approval, and the District will not in any way contest such allocation and awards by the Court: a. $300,000.00 for the Class Representative Award for payments to the Class Representatives of $50,000 each in settlement of their claims and as an incentive payment in consideration of their services as Class Representatives. b. $438,714.83 for Base Litigation Expenses. i.) $428,714.83 of the Litigation Expenses (the Tritura Payment) is payable to Tritura Information Governance LLC (Tritura) for discovery and data analysis services performed on behalf of the Class Members. $142,904.94 of the Tritura Payment shall be waived and donated to the SCM Fund for distribution to SCMs (Tritura SCM Fund Donation). However, if any of the SCM Fund remains after all payments and distributions have been made to the SCMs according to the Distribution Plan, the remainder, up to the amount of the Tritura SCM Fund Donation, will revert to Tritura and shall be paid by the Class Administrator to Tritura prior to any reversion of funds to the District pursuant to Paragraph 56 of this Settlement Agreement;