Settlement Funding. Within 21 days of the Effective Date, and receipt of payee instructions and a Form W-9 for the payee, Defendant shall pay or have paid to the Settlement Administrator the Settlement Fund. The funds provided by C.R.E. to the Settlement Administrator will be maintained by an escrow agent as a Court-approved Qualified Settlement Fund pursuant to Section 1.468B-1, et seq., of the Treasury Regulations promulgated under Section 468B of the Internal Revenue Code of 1986, as amended, and shall be deposited in an interest-bearing account.
Settlement Funding. If the Court has entered a Final Approval Order consistent with the order described in Section 2.20 and the Effective Date has occurred, then by the Funding Date, Defendant shall transfer the sum of $2,175,000 – minus any credit Defendant receives from payments it has already made – to the fund that the Claims Administrator establishes to hold the Settlement Fund.
Settlement Funding. Within forty-five (45) days after the Effective Date, Senior Care will deliver to the Claims Administrator the amount necessary to cover Class Counsel’s fees and expenses that have been approved by the Court and pay the Named Plaintiff’s and Opt-In Plaintiffs’ General Release Payments and the claims administration fees. Senior Care has already paid the Mediator’s fees in the amount of $2,575.00. The remaining amount necessary to fulfill the settlement (to pay out all Participating Class Members who timely return a Claim Form) will be sent by Senior Care to the Claims Administrator within twenty-one (21) days of when the Claims Administrator provides Defense Counsel with the calculated amount required following the end of the notice period, including any extension as a result of any re- mailings. The Claims Administrator will distribute the Court approved General Release Payments, attorneys’ fees and costs for Class Counsel and claims administration fees within 7 days of receipt of the first payment. Within 14 days after receipt from Senior Care of the funds necessary to pay all Participating Class Members, the Claims Administrator shall distribute all payments to Participating Class Members as required by this Agreement. The portion of the Net Settlement Amount attributable to claims of Class Members who did not timely return their Claim Form will be the sole property of Senior Care and any overpayment sent to the Claims Administrator beyond the amount necessary to pay all Participating Class Members shall be returned to Senior Care by the Claims Administrator.
Settlement Funding. The Settlement will be funded by AA Meat Products. The Parties currently anticipate that payments to Settlement Class Members will be disbursed approximately 90 days after the Settlement has received final approval, although it is possible this date may be delayed by circumstances beyond the Parties control. How do I receive money from the Settlement? Participating in the Settlement. Plaintiff as Class Representative and Class Counsel represent your interests as a Settlement Class Member. You will be a Participating Class Member and will receive a Settlement Share so long as you do not request exclusion from the Settlement. As a member of the Class, you will not be responsible for the payment of attorneys’ fees or reimbursement of litigation expenses unless you retain your own counsel, in which event you will be responsible for your own attorneys’ fees and expenses. It is your obligation to keep the Settlement Administrator informed of any changes in your mailing address until your Settlement Share is received, should final approval of the Settlement be granted. Failing to provide the Settlement Administrator with any change of your mailing address may prevent you from receiving your Settlement Share. Consistent with AA Meat Products’ policies, there will be no retaliation or adverse action taken against any Settlement Class Member who participates in the Settlement or elects not to participate in the Settlement. What other options do I have? Disputing Information in Notice of Estimated Settlement Share. As stated above, your Settlement Share is based on whether you previously signed an individual settlement with AA Meat Products and the number of Work Weeks you worked for AA Meat Products during the Class Period. The information contained in AA Meat Products’ records regarding each of these factors is listed on the accompanying Notice of Estimated Settlement Share. If you disagree with the information in your Notice of Estimated Settlement Share, you may submit a dispute, along with any supporting documentation, in accordance with the procedures stated in the Notice of Estimated Settlement Share. Any disputes, along with supporting documentation, must be postmarked no later than <<RESPONSE DEADLINE>>. DO NOT SEND ORIGINALS; DOCUMENTATION SENT TO THE SETTLEMENT ADMINISTRATOR WILL NOT BE RETURNED OR PRESERVED. The parties and the Settlement Administrator will evaluate the evidence submitted and discuss in good faith how to resolve any disputes submitted by ...
Settlement Funding
