Settlement Proceeds. CardConnect has agreed to pay up to Seven Million, Six Hundred and Fifty Thousand U.S. Dollars and Zero Cents ($7,650,000.00) to settle the Action (“Settlement Proceeds”). From the Settlement Proceeds, the following amounts will be paid: (a) payment of the Court-authorized Attorneys’ Fees and Costs awarded to Class Counsel; (b) payment of the Court-authorized Incentive Awards awarded to the Class Representatives; and (c) payment of the Administration Costs of the Settlement, including the cost of providing notice.
Appears in 2 contracts
Sources: Class Action Settlement Agreement, Class Action Settlement Agreement