Participation Rate definition
Examples of Participation Rate in a sentence
Such Rate shall generally be calculated in a similar manner to the Overall Participation Rate and consistent with Exhibit 13.
The Claims Administrator shall calculate the Number of Participating Claimants, the Overall Participation Rate, and the Specific Participation Rate.
The NPC or 3M may challenge the Claims Administrator’s calculation of the Number of Participating Claimants, the Overall Participation Rate, and the Specific Participation Rate within fifteen (15) days of being provided notice of such calculations.
Fifteen (15) days after (i) the last day for submission of Claim Packages (including any extensions) or (ii) the date that the MDL Court issues a ruling dismissing Non-Responding Plaintiffs’ claims following an Order to Show Cause as described in Section 3.3.3 of this Agreement, whichever is later, the Claims Administrator will provide the Parties with the initial calculation of the Number of Participating Claimants, the Overall Participation Rate, and the Specific Participation Rate.
In general, the Overall Participation Rate will be calculated by taking the number of Participating Claimants plus the number of Eligible Claimants on the Final ID Order Report who have been dismissed with prejudice (excluding the specific categories of claimants set forth in Exhibit 13) and dividing that sum by the total number of Eligible Claimants at the time of the calculation (excluding the specific categories of claimants set forth in Exhibit 13).