Settlement Awards Sample Clauses

Settlement Awards. Settlement Class Members will have the option to select receipt of their Settlement Awards by either check or secure electronic payment. If no option is selected or the secure electronic payment cannot be completed, the Settlement Award shall be paid by check. The Settlement Administrator shall send each Settlement Class Member their Settlement Award within 45 calendar days after the Effective Date (“First Distribution”). The Settlement Administrator will perform skip tracing and re-mailing, as necessary; all costs of such work will be considered Settlement Costs. Checks will be valid for one-hundred and eighty days (180) days from the date on the check or for such long period as required by state law. Within 230 days after the Effective Date, the Settlement Administrator will calculate the amount of all uncashed checks and distribute a pro rata portion of all uncashed checks to Settlement Class Members who already cashed their checks (“Second Distribution”) unless the administrative costs to make a second distribution outweigh the second distribution or after administrative costs the amount of the Second Distribution would be nominal; provided, however, that no Settlement Class Member will receive any payments that exceed $500 per call in the aggregate, i.e., the sum of the First Distribution and the Second Distribution. Any amounts remaining the Second Distribution, or any Second Distribution checks that are uncashed, will be paid as cy pres to an entity agreed upon by the Parties and approved by the Court or if the Parties cannot agree as determined by the Court as set forth herein. Any Settlement Award paid to a deceased Settlement Class Member shall be made payable to the estate of the Settlement deceased Class Member, provided that the member’s estate informs the Settlement Administrator of the member’s death at least 30 calendar days before the date on which the Settlement Administrator distributes the Settlement Award.
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Settlement Awards. Subject to the terms and conditions of this Settlement, the Settlement Administrator will pay a Settlement Award from the Net Settlement Amount to each Class Member who timely and properly submits a Claim Form as follows:
Settlement Awards. Settlement awards shall be made to eligible Settlement Class Members on a claims-made basis. Settlement awards will be made from those amounts remaining after deducting the Settlement Costs from the Fund.
Settlement Awards. Except as set forth herein, Settlement Class Members will be entitled to a Settlement Award. Following the deduction of Settlement Costs, the remaining balance of the Fund shall be distributed as the Settlement Award, and payable through a combination of cash and an Account Credit, as described below and in Sections III.C.3 - 6, and subject to Court approval:
Settlement Awards. Each Settlement Class Member bound by the terms of this Settlement will receive consideration outlined in Section II for the Release set forth in Section III as follows:
Settlement Awards. Each of the FLSA Collective Members shall be paid a settlement award from the Gross Settlement Amount (each a “Settlement Award”). The distribution to each Putative FLSA Collective Member of the Collective Settlement Amount is set forth in Exhibit B, which reflects a pro rata allocation of $57,662.54 in back pay and $57,662.54 in liquidated damages to the Putative FLSA Collective Members in proportion to overtime worked during the time periods associated with certain retention incentives.
Settlement Awards 
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Related to Settlement Awards

  • Settlement of Awards Pursuant to Section 5 of this Agreement, the Corporation shall deliver to the Employee one Share for each vested Restricted Stock Unit included in the Award and, as applicable, one share for each vested Restricted Stock Unit that corresponds to an accrued dividend equivalent. Any vested Restricted Stock Units payable to the Employee (including Shares payable pursuant to Section 3 above) shall be paid solely in Shares. Any fractional Share will be rounded to the closest whole Share.

  • Settlement of the Award Upon vesting, the RSU Award will be settled by delivery of one share of Stock as of the Vesting Date, for each RSU being settled. Such settlement shall occur promptly on or following the vesting of each RSU.

  • Performance Awards With respect to any Performance Award, the length of any Performance Period, the Performance Goals to be achieved during the Performance Period, the other terms and conditions of such Award, and the measure of whether and to what degree such Performance Goals have been attained will be determined by the Board.

  • Grant Award On and subject to the terms and conditions set forth herein, Triumph hereby agrees to make a grant (the “Grant”) to Grantee in the aggregate maximum amount of up to Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Maximum Grant Amount”) to provide partial funding for the Project.

  • Awards (1) The tribunal, in its award, shall set out its findings of law and fact, together with the reasons therefore, and may, at the request of a Contracting Party, award the following forms of relief:

  • Other Awards The grant of an Award shall not confer upon the Holder the right to receive any future or other Awards under the Plan, whether or not Awards may be granted to similarly situated Holders, or the right to receive future Awards upon the same terms or conditions as previously granted.

  • Equity-Based Awards For each calendar year during the Term, the Executive shall be eligible to participate in and receive equity-based awards under the Company’s 2014 Stock Incentive Plan, and any and all successor or replacement plans as may be determined by the Board or the Committee (collectively, “Incentive Plan”).

  • Stock Awards “Stock Awards” means all stock options, restricted stock and such other awards granted pursuant to the Company’s stock option and equity incentive award plans or agreements and any shares of stock issued upon exercise thereof.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Settlement of Award Except as otherwise provided in Section 12 hereof, if the Grantee becomes vested in his Awards, or any portion thereof, in accordance with Section 5, the Company shall distribute to him, or his personal representative, beneficiary or estate, as applicable, a number of shares of Common Stock equal to the number of RSUs subject to the Award then becoming vested. Such shares shall be delivered within 30 days following the date of vesting.

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