Common Benefit Fund definition

Common Benefit Fund means a common benefit fund established by order of, andadministered by, the MDL Court.
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Common Benefit Fund is the fund administered by the Plaintiffs’ Steering Committee, under the direction of Lead Class Counsel, designated to hold the Common Benefit Fees.
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Common Benefit Fund. The sub fund of the Attorney Fee Fund described in Section II.C.
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Examples of Common Benefit Fund in a sentence

  • In this regard, the payment of the assessments described in this Section 5.8 shall be the only payment that such Holders (or their counsel) shall ever have to make to the Common Benefit Fund with respect to amounts distributed under this Plan, and shall not be subject to any further or other common benefit or similar assessments with respect to amounts distributed pursuant to the Plan or payments to attorneys in respect thereof.

  • The Court hereby GRANTS Class Counsel’s Fee Petition and awards attorneys’ fees in the amount of 15% of the Common Benefit Fund and costs in the amount of $1,543,893.08.

  • This Court has considered the number of opt-outs, which is 78 out of over 1.65 million, so no appreciable amount of the Common Benefit Fund will be returned to Defendants.

  • Further, after conducting meetings with Class Counsel concerning the allocation of any fee award, this Court finds that the attorneys’ fee award should be allocated among Class Counsel as set forth on Exhibit 22 to the Fee Petition.V. CASE COSTS AND EXPENSES It is within this Court’s discretion to award reimbursement of reasonable costs from the Common Benefit Fund.

  • The Court finds that these costs will be incurred for the common benefit and should be paid by the Settlement Administrator from the Common Benefit Fund.

  • Applying these factors, the Court finds that the requested attorneys’ fees of 15% of the Common Benefit Fund is fair and reasonable.

  • For the avoidance of doubt, if the Debtors, the Ad Hoc Committee or the MSGE Group agrees to any reduced or less restrictive terms concerning the 5% Common Benefit Fund assessment (or its implementation) provided under any portion of this Section 5.8(c) (or any portion of Section 5.8) for any of the Ad Hoc Group of Hospitals, the Third-Party Payor Group, the NAS Committee or the Ad Hoc Group of Individual Victims, then such modification shall apply to each of such groups, mutatis mutandis.

  • The Objectors do not object to Class counsel’s fee being paid from the money in the Common Benefit Fund.

  • The Court also finds that the costs to be incurred by SEDC and NISC in providing cooperative customer billing data necessary for the settlement distribution allocation will be incurred for the common benefit and should be paid by the Settlement Administrator from the Common Benefit Fund.

  • While Class Counsel’s retainer agreements provide for contingency fees of 33.3% and 40% respectively,16 Class Counsel seek an award of 15% of the Common Benefit Fund.


More Definitions of Common Benefit Fund

Common Benefit Fund means a common benefit fund established by order of, and administered by, the MDL Court.
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Common Benefit Fund means the five hundred twenty million dollars ($520,000,000.00) being paid by Dominion and Santee Xxxxxx for the benefit of the Class as set forth herein.
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Related to Common Benefit Fund

  • Retirement fund means the "Washington law enforcement

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Income Tax Act (Canada).

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (a) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (b) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.