Qualified Settlement Fund definition

Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).
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Qualified Settlement Fund or “QSF” means the account established by the Settlement Administrator from the Gross Settlement Amount paid by Defendant. The QSF will be controlled by the Settlement Administrator subject to the terms of this Agreement and the Court’s order(s). Interest, if any, earned on any monies in the QSF will become part of the Net Settlement Fund.
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Qualified Settlement Fund or “Settlement Fund” means the interest-bearing settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).
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Examples of Qualified Settlement Fund in a sentence

  • Each of the Named Plaintiffs will receive a service award of Ten Thousand Dollars ($10,000) from the Qualified Settlement Fund, for a total payment of service awards of Fifty Thousand Dollars ($50,000.00).

  • The Settlement Agreement provides that Defendant will pay $1,500,000.00, which will be deposited into an account called the Qualified Settlement Fund.

  • The Settlement Administrator shall issue payment to each Non- Occupant Claimant, who has not opted out, an equal pro rata share of the available Net Settlement Fund within thirty (30) days after receiving the final payment from DSV into the Qualified Settlement Fund.

  • The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund under US Treasury Regulation section 468B-1.

  • Plaintiffs acknowledge that the Released Parties have no responsibility for any taxes due on funds deposited in or distributed from the Qualified Settlement Fund or that the Plaintiffs or Class Counsel receive from the Gross Settlement Amount.


More Definitions of Qualified Settlement Fund

Qualified Settlement Fund means a fund within the meaning of Treasury Regulations § 1.468B-1.
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Qualified Settlement Fund means a qualified settlement fund established pursuant to U.S. Treasury Regulation section 468B-1, 29 C.F.R. § 468B-1.
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Qualified Settlement Fund or “QSF” shall mean a fund satisfying the requirements of Section 468B of the Internal Revenue Code of 1986, as amended, and the regulations thereunder and, for purposes of this Agreement, established as the vehicle to hold the Settlement Fund.
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Qualified Settlement Fund means a fund within the meaning of Treasury Regulation § 1.468B-1.
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Qualified Settlement Fund means the Florida Qualified Settlement Fund contemplated by this Agreement, into which all payments by CVS shall be made and which shall be established under the authority and jurisdiction of the Court and which shall be a “qualified settlement fund” within the meaning of 26 C.F.R. § 1.468B-1.
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Qualified Settlement Fund or “QSF” means a qualified settlement fund as defined by Treasury Regulation Section 1.468B-1 et seq.
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Qualified Settlement Fund is defined in Section 10.
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