Settlement Program Sample Clauses
A Settlement Program clause establishes a formal process for resolving disputes or claims between parties, typically outside of court. It outlines the steps that must be taken, such as negotiation, mediation, or participation in a structured settlement process, before litigation can be pursued. This clause helps streamline dispute resolution, reduce legal costs, and encourage amicable settlements, ultimately aiming to resolve conflicts efficiently and minimize disruption to the business relationship.
Settlement Program. General Terms 27
Section 6.1 General Provision. 27
Section 6.2 No Punitive Damages 28 Article 7 Qualified Revision Surgery Program 28 Section 7.1 Base Award Program 29 Section 7.2 Enhancements Benefit Program 30 Article 8 Covered Unrevised, Infirm Claimants Program 32
Section 8.1 Benefits for Covered Unrevised, Infirm Claimants 32 Section 8.2 Determinations of Covered Unrevised, Infirm Claimants Benefits 32 Section 8.3 Covered Unrevised, Infirm Claimants Benefits 32 Article 9 Timing of HOC’s Payment Obligations 33 Section 9.1 Timing of Settlement Program Award and Payments 33 Section 9.2 Timing of Enhancements Benefits Payments 34 Section 9.3 Limit on Award Payments 36 Section 9.4 Form of Notices to Escrow Agent 36 Article 10 Settlement Program Administration and Expenses. 36 Section 10.1 Administrative Costs 36 Section 10.2 Funding of Administrative Expenses Escrow Account 37 Section 10.3 Audits of Administrative Expenses and Payments 37 Article 11 Administrators. 37 Section 11.1 Appointment and Replacement of Administrative Personnel 37 Section 11.2 Claims Administrator 38 Section 11.3 Claims Processor 38 Section 11.4 Special Masters 39 Section 11.5 Certain General Authority of the Claims Processor 39 Section 11.6 Liability of Administrative Personnel 40 Article 12 Certain Litigation Matters 40 Section 12.1 HOC Defenses 40 Section 12.2 Tolling 40 Section 12.3 Use of Dismissal with Prejudice Stipulations and Releases 41 Section 12.4 Pursuit of Certain Claims 41 Section 12.5 Unrevised Claimants with Filed Lawsuits 42 Article 13 Submission to Authority 43 Section 13.1 Submission to Authority of Claims Administrator and Special Masters 43 Article 14 Attorneys’ Fees 45
Section 14.1 Individual Counsel Attorneys’ Fees. 45
Settlement Program. Any questions relating to the general terms of this Agreement or the informed written consent documentation should be presented to the SOC, Special Masters, and/or the Claims Administrator as set forth in Section 16.2.10. The purpose of this provision is to ensure that each Claimant who is eligible for the Settlement Program has the opportunity to make an informed decision regarding participation in the Settlement Program.
Settlement Program. General Terms 27
Settlement Program. Subject to the rights and limitations set forth in this Agreement, every Settlement Class Member shall have the right to submit a Claim for a Monetary Benefit. A Claim shall be a Valid Claim only if submitted on the Claim Form, which may be accessed online, pursuant to and in compliance with the procedures set forth herein. Submission of a Claim, regardless of whether it is determined to be a Valid Claim, shall confer no rights or obligations on any Party, any Class Member, or any other Person, except as expressly provided herein. The Settlement Administrator shall establish an Allocation Matrix prior to the filing of the Preliminary Approval Motion, to be posted on the Settlement Website prior to when the Class Notice is sent, outlining how Claims will be graded and paid, to be referenced in the Preliminary Approval Motion and the Class Notice. Within the same time frame, the Claim Form will also be posted on the Settlement Website.
Settlement Program. DEADLINES
Settlement Program. The Parties agree and acknowledge that a program has been established to facilitate Claimant participation in the settlement (the “Settlement Program”). The Settlement Program includes a Claims Administrator who will serve in a capacity as determined by the PEC, to include evaluating appropriate documentation and applying a claim valuation formula or matrix to determine each Participating Claimant’s settlement allocation amount. The Settlement Program shall also include a QSF Administrator who will be responsible for distributing the settlement allocation amount to each Participating Claimant.
Settlement Program. 5.1. Plaintiffs’ Counsel will draft and develop a Settlement Program that sets forth eligibility criteria for payments that will be made to individual Plaintiffs and Claimants who enroll in the Settlement Program.