Australia Breast Implant Settlement Option definition

Australia Breast Implant Settlement Option means that certain agreement, styled the Dow Corning Settlement Option Regarding the Voluntary Australian Subclass, pursuant to which the treatment of Class 6D Claimants will be implemented.
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Examples of Australia Breast Implant Settlement Option in a sentence

  • Claimants in Class 6D shall receive payment of their Claims pursuant to the Australia Breast Implant Settlement Option from the Australia Breast Implant Optional Settlement Fund administered by a claims administrator supervised by Trustees appointed pursuant to the Australia Breast Implant Settlement Option.

  • Class 6D consists of the Breast Implant Claimants who are residents of Australia or who received their implants in Australia and who timely elect to participate under the Australia Breast Implant Settlement Option by indicating their election on their ballot on the Plan.

  • Eligible Australian Breast Implant Settlement Claimants release all options to pursue remedies other than under the Australia Breast Implant Settlement Option upon registration and should therefore carefully consider their options before making an election to participate.

  • Dow Corning believes that the Australia Breast Implant Settlement Option will generally provide compensation comparable to the amounts offered (after taking into account the adjustment for foreign domicile) under the settlement Grid structure employed in the Settlement Facility, as well as for claims in Classes 6A, 6B and 6C.

  • Claims in Class 6D are to be resolved pursuant to the terms of the Australia Breast Implant Settlement Option, provided such proposed settlement option is approved by the Court as part of confirmation of the Plan.

  • If the Court should fail to approve the Australia Breast Implant Settlement Option or if the minimum participation by eligible Claimants is not met, Class 6D Claimants shall be treated as Class 6.1, 7 or 8 Claimants, as appropriate.

  • This means that Claimants who may not be eligible to receive any compensation under the settlement program for Class 6.1 Claimants because they are unable to present adequate proof of product identification may be eligible to receive compensation under the Australia Breast Implant Settlement Option if they can establish Level II proof of product identification.

  • The Australia Breast Implant Settlement Option provides that class members who meet certain requirements are treated as Advanced Claimants.

  • For example, to receive compensation under the Australia Breast Implant Settlement Option, Breast Implant Users will be required to provide proof of implantation with a Dow Corning Breast Implant and documentation of the particular compensable condition.

  • Slater & Gordon, Reilly Basheer Downs & Humphries, and other counsel who facilitate the implementation of the Australia Breast Implant Settlement Option may be entitled to fees paid out of the Costs of Settlement and Administration Fund for negotiating the settlement option and implementing the Claims processing structure, in accordance with existing general standards for costs and fees published by the Supreme Court of Victoria and subject to the approval of the Supreme Court of Victoria.

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