Common use of The Settlement Clause in Contracts

The Settlement. Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

Appears in 3 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement, Class Action Settlement Agreement

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The Settlement. Following mediation with a neutral partynegotiations, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 10,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 10,000,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Representatives’ Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

The Settlement. Following mediation with a neutral partyAfter nine years of litigation, a the Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 57,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 minus any Administrative Expenses 57,000,000 minus: (including taxes and tax expenses), Court-approved a) all Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated Costs paid to Class Members according to a Plan of Allocation to be approved by the Court.Counsel; (b) all Administrative Expenses;

Appears in 2 contracts

Samples: Class Action Settlement Agreement, Class Action Settlement Agreement

The Settlement. Following mediation with a neutral partyAfter almost two years of litigation, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 32,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 32,000,000 minus any Administrative Expenses (including taxes and Expenses, taxes, tax expenses), Court-approved Attorneys’ Fees and Costs, Class Representatives’ Compensation, and Class Representative Compensationother approved expenses of the litigation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

Appears in 1 contract

Samples: Class Action Settlement Agreement

The Settlement. Following mediation with a neutral partyAfter nearly eight years of litigation, a the Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 62,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 62,000,000 minus any Administrative Expenses (including taxes and Expenses, taxes, tax expenses), Court-approved Attorneys’ Fees and Costs, Class Representatives’ Compensation, and Class Representative Compensationother approved expenses of the litigation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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The Settlement. Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 6,875,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 6,875,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Representatives’ Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

Appears in 1 contract

Samples: Class Action Settlement Agreement

The Settlement. Following mediation with a neutral party, a Settlement has been reached. As part of the Settlement, a Qualified Settlement Fund of $39,500,000 20,850,000 will be established to resolve the Class Action. The Net Settlement Amount is $39,500,000 20,850,000 minus any Administrative Expenses (including taxes and tax expenses), Court-approved Attorneys’ Fees and Costs, and Class Representative Compensation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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