Lost Time definition
Examples of Lost Time in a sentence
Within forty-five (45) days of receiving this accounting, Defendant or its representative shall transmit the funds needed to pay Approved Claims for Credit Monitoring Services, Ordinary Losses, Lost Time, or Extraordinary Losses in accordance with the terms of this Agreement.
After the Effective Date, and after final determinations have been made with respect to all claims submitted during the Claims Period pursuant to the Claims Review Process, the Settlement Administrator shall provide the Parties an accounting of all Approved Claims for Credit Monitoring Services, Ordinary Losses, Lost Time, or Extraordinary Losses and also provide funding instructions to Defendant.
Claims for Lost Time are subject to the $500.00 cap for Ordinary Losses.
Lost Time Reimbursement: Settlement Class Members are also eligible to receive reimbursement for up to four (4) hours of lost time spent dealing with the Data Security Incident (calculated at the rate of $25 per hour).
Time up to 4 hours at a rate of $25.00 per hour (for a total of $100.00) per claimant upon submission of a valid documented claim for Lost Time, provided they include a brief description of the activities engaged in, the time spent on each such activity, and an attestation on the Claim Form that the activities they performed were related to the Security Incident.