Settlement Relief Clause Samples

Settlement Relief. 2.1. On or within one (1) business day after the Preliminary Approval Date, Class Counsel shall provide to Defendants written confirmation of all necessary information to complete the wire transfers of any funds due from Defendants pursuant to the Settlement into the Settlement Fund Account. Within ten (10) business days of the Preliminary Approval Date, Defendants shall fund the Settlement Fund in full by wire transfer into the Settlement Fund Account. 2.2. The Net Settlement Fund shall be distributed to the Settlement Class Members pursuant to the distribution formulas proposed by Class Counsel, subject to Court approval. Any such revision required to obtain Court approval shall not constitute an amendment or modification to the Agreement subject to Paragraph 11.13. 2.3. Defendants shall provide the data necessary to apply the distribution formulas for Settlement Class Members on or prior to seven (7) days after the Preliminary Approval Date. Within 30 days after the Final Settlement Date, the Settlement Administrator shall calculate each Settlement Class Member’s distribution pursuant to the distribution methodology and deliver to each Settlement Class Member by U.S. mail, first-class postage prepaid, a settlement check or other mechanism of payment in the amount of the share of the Net Settlement Fund to which the Settlement Class Member is entitled pursuant to the Distribution Plan. Settlement payments will be automatically delivered without any proof of claim or further action on the part of the Settlement Class Members. 2.4. Checks shall remain negotiable for 180 days from the date of mailing. Checks not cashed during this time will be canceled, and amounts of canceled checks will be sent to the unclaimed property division of the state in which each such Settlement Class Member was last sent Class Notice or distributed as otherwise ordered by the Court. Checks shall be re-issued by the Settlement Administrator if such requests are received from Settlement Class Members before the transfer to the unclaimed property divisions has occurred. Defendants shall have no obligations or responsibility relating to the redistribution or reissuance of any canceled checks or the transmission of any amounts of canceled checks. 2.5. The Parties agree that if the Court finds that the Distribution Plan submitted by Class Counsel is not fair and reasonable, and refuses to approve the Settlement on that basis, Class Counsel may, in consultation with Defendants, modify ...

Settlement Relief. To compensate Settlement Class Members, the Parties have agreed to the following relief, consisting of both monetary and non-monetary components:

Settlement Relief. In consideration for the dismissal and/or settlement of the Actions with prejudice, as contemplated in this Settlement Agreement, and for the full and complete Release, Final Judgments and Final Orders, as further specified herein, Toyota agrees to provide the relief specified in this Section. The costs and expenses associated with providing the relief and otherwise implementing the relief specified in Section 7 of this Settlement Agreement shall be the sole obligation of and paid by Toyota.

Settlement Relief. 3.1 Accor shall pay to each Settlement Class Member a compensation amount equivalent to 75% of mandatory fees paid to Accor that were not included in the first announced rate, for a total amount to be paid by the Settling Defendant to the Settlement Class Members of $297,649.84, subject to any further amounts claimed at subsection 3.4, below. 3.2 After the Effective Date, the Claims Administrator will send an email to the Settlement Class Members at their email address on file to inform them of the Final Judgement Approving Settlement. The Settlement Class Members will then have 30 days: a) request a modification of their email address on file to the Claims Administrator for the purposes of receiving their Interac e-transfer; and/or b) request to the Claims Administrator that their payment be made by cheque via postal mail instead of by Interac e-transfer. 3.3 After the 30 days and within a maximum of 60 days, the Claims Administrator will send all the payments to the Settlement Class Members by Interac e-transfer to their email addresses on file, unless a Settlement Class Member has requested the modification to their email address on file or has requested a payment by cheque in accordance with section 3.2. 3.4 The Settlement Class Members who did not receive payment within the 60 day period mentioned at section 3.3 will be allowed to submit their invoices to the Claims Administrator in order to receive compensation of 75% of the mandatory fees paid to Accor and receive payment within a maximum of 60 days. 3.5 Upon the execution of the Interac e-transfer by the Claims Administrator, the Settlement Class Members will then have 30 days to accept the Interact e-transfer and have the relevant sums deposited in their bank account. 3.6 If a Settlement Class Member has not accepted the Interac e-transfer within 30 days after its execution by the Claims Administrator, the relevant sums become part of the balance. 3.7 If, six (6) months after its issuance, the cheques addressed to Settlement Class Members have not been cashed-in, the Claims Administrator will not re-issue the cheques and the relevant sums become part of the balance. 3.8 The Parties agree that the present Settlement Agreement provides for collective recovery of the Settlement Class Members’ alleged claims with individual liquidation. 3.9 In the event where there is a remaining balance of the Settlement Amount after the distribution to the Settlement Class Members and the payment of the disbursement...

Settlement Relief. In consideration for the dismissal of the Action with prejudice, as contemplated in this Agreement, and for the full and complete Release, Final Judgment and Final Order provided below, Sony agrees to provide the following relief: (1) warranty extension; (2) changes to packaging, labeling and advertising; and (3) claim process relating to prior water-related warranty claim rejections. The relief and costs associated with providing the relief and otherwise implementing the relief specified in Section III of this Agreement shall be paid by Sony.

Settlement Relief. In consideration for the dismissal of the Action with prejudice as against Defendants, as contemplated in this Agreement, and for the full and complete Release, Final Order and Final Judgment provided below, Defendants agrees to provide the following:

Settlement Relief. In consideration for the dismissal of the Actions with prejudice, as contemplated in this Agreement, and for the full and complete Release, Final Order and Final Judgment provided below, Stericycle agrees to provide the following:

Settlement Relief. 2.1. Subject to the terms and conditions of this Agreement, Defendants shall establish the Settlement Fund.

Settlement Relief. 2.1 Defendant shall cause to be paid into the Escrow Account the amount of the Settlement Fund ($1,650,000 USD), specified in paragraph 1.45 of this Agreement, within twenty-eight (28) business days after Preliminary Approval.