Settlement Payment Clause Samples
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Settlement Payment a. Within three business (3) days of entry of the Final Judgment and Order, ▇▇▇▇▇ agrees to cause to be paid into the Settlement Fund a total of Six Million Seven Hundred Thousand dollars ($6,700,000) by check or wire transfer into a Qualified Settlement Fund (“QSF”) account to be established by Class Counsel pursuant to the Internal Revenue Code. See 26 C.F.R. 1.468B-1.
b. No later than ten (10) business days after the Effective Date, Class counsel shall be paid any and all attorneys’ fees and expenses awarded by the Court. All such payments to Class Counsel shall be made exclusively from the Settlement Fund.
c. No later than ten (10) business days after the Effective Date, the Named Class Representatives shall be paid any Incentive Awards awarded by the Court. Such Incentive Awards are for their efforts on behalf of the Settlement Class, and are in addition to any distribution or payment they may receive by virtue of their status as one of the Settlement Class Members.
d. No later than thirty (30) business days after the Effective Date, the balance of the Settlement Fund after any Court-approved Fee Award and Incentive Award, i.e. the Net Settlement Amount, shall be disbursed to each Owner(s) providing a Valid Proof of Ownership Form in a manner consistent with the process explained in Section 6(f).
i. The Allocation Amount of each Affected Property will be calculated by multiplying the amount of Eligible Concrete at the Affected Property by the Value Per Yard of Eligible Concrete.
ii. There will only be one Allocation Amount per Affected Property. If the Proof of Ownership Form is timely and properly submitted to the Settlement Administrator, and then approved by the Settlement Administrator, a check will be issued in the names of all co-owners.
e. No payment from the Settlement Fund to Class Counsel, the Named Class Representative, or any Settlement Class Members shall be made until after the Effective Date. The Settlement Administrator will distribute payments to the Class Members who timely submit settlement Proof of Ownership Forms that are approved by the Settlement Administrator in consultation with Class Counsel within thirty (30) days of the Effective Date. All checks will remain valid for one hundred-fifty (150) days, after which they shall become null and void. Any replacement checks that may be issued shall remain valid for only the original 150-day period. Any unclaimed funds shall revert to Argos 180 days after the Effective Date. ▇▇▇▇▇ agr...
Settlement Payment. If and only if Final Court Approval is obtained, Bank of America and/or Countrywide shall pay or cause to be paid eight billion five hundred million dollars ($8,500,000,000.00) (the “Settlement Payment”) within one-hundred and twenty (120) days of the Approval Date, in accordance with the following provisions.
Settlement Payment. Provided that you sign and return this Agreement, and it thereafter becomes effective as described below, you will receive a settlement payment equivalent to ___________________of your base salary, for a total amount of $__________________ (“Settlement Payment”). Payment shall be made in bi-weekly installments in accordance with the Company’s normal payroll schedule, less applicable federal, state, and local taxes and other authorized deductions and shall be started within 15 days of the Termination Date.
Settlement Payment. Following the entry of the Preliminary Approval Order, Allergan Defendants shall pay or cause to be paid the Settlement Amount totalling twenty-five million U.S. Dollars ($25,000,000.00) in in accordance with the payment terms set forth in Sections IV.B and C.
1. Within three (3) business days following the entry of the Preliminary Approval Order, Class Counsel will provide wire instructions and other information necessary for payment, pursuant to instructions to be communicated by each Allergan Defendant no later than the business day following the entry of the Preliminary Approval Order. No payment will be due until these instructions have been provided and Allergan’s Bank Verification process has been completed.
2. Allergan Defendants will deposit the Settlement Amount into the Escrow Account in accordance with Sections IV.B and C.
3. The Settlement Amount shall not be subject to reduction, and, upon the occurrence of the Effective Date, no funds may be returned to the Allergan Defendants.
4. Releasors agree that fifty-six percent (56%) of the Settlement Amount constitutes consideration for the settlement of Claims involving, arising from, or related to generic opioid drugs that are Products distributed and/or sold before August 2, 2016, by the Divested Actavis Generic Entities and other Divested Entities and the operation of the Divested Actavis Generic Entities and other Divested Entities related to those generic opioid drugs that are Products before August 2, 2016, that the Releasors are asserting, might otherwise assert, or could assert that the Allergan Defendants (or any other Released Entity) is directly or indirectly and/or jointly or severally liable, including but not limited to, based on parent or control liability or a substantially similar theory. Releasors agree that forty-four percent (44%) of the Settlement Amount constitutes consideration for the settlement of Claims involving, arising from, or related to branded opioid drugs that are Products of or attributable to the Allergan Defendants or any other Released Entity (including but not limited to branded opioid drugs that are Products distributed and/or sold before August 2, 2016, by the Divested Actavis Generic Entities and other Divested Entities and the operation of the Divested Actavis Generic Entities and the other Divested Entities related to those branded opioid drugs that are Products before August 2, 2016) that the Releasors are asserting, might otherwise assert, or could asser...
Settlement Payment. If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.
Settlement Payment a. In the event and only upon the achievement of the “Threshold” level of performance with respect to the Performance Goals as described in the table(s) set forth in Exhibit A to this Agreement during the Performance Period, which achievement must be certified in writing by the Committee following the expiration of the Performance Period, you will receive such amount in cash up to your Maximum Potential Payout under this Annual Performance Award as determined pursuant to Section 3 and Exhibit A to this Agreement and subject to applicable withholding. If none of the Performance Goals are achieved at the “Threshold” level of performance or above, then this Annual Performance Award will be forfeited and canceled and you will receive no payment in settlement thereof. You may not receive a greater amount in cash than your Maximum Potential Payout.
b. In the event this Annual Performance Award is forfeited or cancelled for any reason pursuant to Sections 3, 5, 6 or 7 of this Agreement or otherwise, no payment shall be made in settlement of this Annual Performance Award.
c. Except as provided in paragraph (d) below, in no event will Toro make payment to you later than March 15 of the calendar year following the calendar year in which the Performance Period ends.
d. Notwithstanding any of the foregoing or any other provision of this Agreement, in the event you have properly elected to defer your receipt of any payment pursuant to this Annual Performance Award under The Toro Company Deferred Compensation Plan, as such plan may be amended from time to time, or any similar successor plan, you will receive such payment in accordance with your deferral election.
e. The payment pursuant to this Annual Performance Award shall be subject to all applicable laws, rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.
Settlement Payment. In consideration for the release of the Released Claims and the dismissal with prejudice of the Action, within fourteen business days of the Court’s grant of Preliminary Approval, ▇▇▇▇▇ Farms shall pay or cause to be paid $31,500,000 (thirty-one million five hundred thousand U.S. dollars) into the Settlement Fund.
a. Wayne Farms’ payment to the Escrow Agent described herein shall be by wire transfer pursuant to instructions from the Escrow Agent or Interim Co-Lead Counsel.
b. The payment described in Section II(A)(1) shall constitute the total Settlement Amount and ▇▇▇▇▇ Farms shall have no other payment obligations to the Settlement Class or owe any further amount under this Settlement Agreement of the Action, and the obligations described in Section II(A)(2) shall continue so long as this Settlement Agreement remains in effect.
Settlement Payment. “Settlement Payment” is defined is Paragraph 4.a of this Agreement.
Settlement Payment. Within fourteen (14) days of receipt of a copy of this Agreement executed by all Parties, the Defendant shall deliver to KCC a check, money order, or cashier’s check in the amount of [settlement amount in words] ($ ) (the “Settlement Payment”) payable to the order of “KCC, Tribune MDL Settlement Administrator.” The amount of the Settlement Payment equals the sum of (i) the Step One transfer amount times 0.1625 and (ii) the Step Two transfer amount times 0.315. Plaintiffs agree that payment to KCC in accordance with this Agreement constitutes payment to Plaintiffs, and Defendant shall have no obligation for the delivery or distribution of the Settlement Payment from KCC to Plaintiffs.
Settlement Payment. Any amounts that either Party becomes obligated to pay as a result of any settlement of or decision rendered in any defense pursuant to this Section 9.6 with respect to the manufacture, use, sale, offer for sale or import of the Product in or for the Licensed Territory shall be [*] and [*] as provided in Section [*].