Settlement Cap Clause Samples
Settlement Cap. The total payments to Settlement Class Members shall not exceed $350,000.00, which will include all monetary compensation to be paid to the class as part of this settlement except for the Service Awards to be paid pursuant to Section 12 below. In the event total claims exceed $350,000.00, each claim shall be reduced on a pro rata basis.
Settlement Cap. The total amount payable by or on behalf of Defendant under this Settlement Agreement including for direct relief to the Settlement Class and California Subclass (as set forth in Paragraphs 3 and 4, above), the Class Counsel Payment and Service Award (as set forth in Paragraph 8, above), and the cost of Settlement Administration (as described in Paragraph 10, above) shall not exceed $425,000. In the event the total amounts payable under this Settlement Agreement would exceed $425,000, compensation to Settlement Class Members (including the California Subclass) shall be prorated to bring the aggregate amount payable within the $425,000 cap.
Settlement Cap. Lufthansa shall pay the value of all Valid Claims, Cash Options, Interest Payments, and Voucher Options up to a maximum dollar amount yielded by deducting the following from $3.5 million (the “Settlement Cap”):
1. Any attorneys’ fees, expenses, and costs awarded to Settlement Class Counsel or other counsel for class members;
2. Any service award payments to the plaintiffs; and
Settlement Cap. The maximum amount that GCPA will be responsible for paying under the terms of the Settlement Agreement for: ordinary expense reimbursements, extraordinary expense reimbursements, credit monitoring, notice and settlement administration is $400,000 (the "Settlement Cap"). The Settlement Cap does not include the cost of using a Claims Referee (which is to be split by Counsel for Plaintiffs and GCPA pursuant to ,r 2.6 where 270307649v.l necessary), attorneys' fees and costs, or the Plaintiffs service award, all of which are to be paid separate and apart from the Settlement Cap.
Settlement Cap. Turkish shall pay the value of all Valid Claims for Cash Options and Voucher Options pursuant to Section III(A) up to $1,000,000.00 USD (the “Refunded Claimants Settlement Cap”). In the event that Valid Claims for Cash Options or Voucher Options under Section III(A) exceed the Refunded Claimants Settlement Cap, the amount paid for Valid Claims for Cash Options or Voucher Options shall be reduced pro rata until the full $1,000,000.00 USD Settlement Cap has been paid.