Common use of Settlement Cap Clause in Contracts

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 payments to Settlement Class Members shall not exceed $350,000.00600,000.00, which will include all monetary compensation to be paid to the class Settlement 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 $350,000.00600,000.00, each claim shall be reduced on a pro rata basis.