Voucher Fund definition

Voucher Fund means the $8,250,000 worth of cash-equivalent Vouchers Kellogg is providing as partial consideration for the Settlement.
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Voucher Fund means the portion of the Settlement Fund valued at Three Million Eight Hundred Forty Thousand Dollars and No Cents ($3,840,000.00) that COACH may pay in Vouchers to Settlement Class Members who elect to receive Vouchers and who submit valid and timely Claim Forms, pursuant to Section 4.2.
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Voucher Fund means the portion of the Settlement Fund valued at Five Million One Hundred Thousand Dollars and No Cents ($5,100,000.00) (equaling 425,000 Vouchers valued at $12.00 per Voucher) that ▇▇▇ will pay in Vouchers to Settlement Class Members who elect to receive Vouchers and who submit valid and timely Claim Forms, pursuant to Section 4.2.
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Examples of Voucher Fund in a sentence

  • Voucher Fund for Faculty Research and Professional Development Support monies are non-transferable.

  • Any unspent funds after the reallocation shall be rolled over into the following year’s Voucher Fund for Faculty Research and Professional Development Support.

  • The Settlement Fund’s value is determined as follows: (i) a $5,100,000 Voucher Fund (equaling 425,000 Vouchers valued at $12.00 per Voucher) that will be distributed to eligible Settlement Class Members who make a claim for Vouchers to purchase Merchandise; (ii) a $500,000 Cash Fund that will be used to pay eligible Settlement Class Members who make a claim for a cash award; and (iii) a $500,000 Notice Fund to pay for the Settlement Administrator and to provide Class Notice to the Settlement Class.

  • Any portion of the Voucher Fund that is not paid to Settlement Class Members shall revert to and be kept by Defendant.

  • Defendant is not required to place all or any portion of the Voucher Fund into a separate bank account.

  • Claimants’ cash or voucher refund amounts are subject to supplemental distributions or pro rata reductions if, in the case of the Cash Fund, claims exceed or are less than money remaining in the Cash Fund after subtraction of all Cash Expenses (including costs of Notice and Administration, attorneys’ fees and costs, and service awards); or in the case of the Voucher Fund, the value of Vouchers claimed exceed or is less than the amount of the Voucher Fund.

  • The Voucher Fund will be available to satisfy Voucher Awards to Approved Claimants.

  • If, however, (i) a Settlement Class Member’s cash award is subject to a pro rata reduction (i.e., the Settlement Class Member’s cash award would be less than $5.00) and (ii) funds remain in the Voucher Fund, then each Settlement Class Member electing to receive a cash award shall receive both their pro rata share of the cash award and also a Voucher before any Settlement Class Member electing to receive a Voucher receives a pro rata increase in the Voucher amount.


More Definitions of Voucher Fund

Voucher Fund means the portion of the Settlement Fund valued at Five Million One Hundred Thousand Dollars and No Cents ($5,100,000.00) (equaling 425,000 Vouchers valued at $12.00 per Voucher) that ANN will pay in Vouchers to Settlement Class Members who elect to receive Vouchers and who submit valid and timely Claim Forms, pursuant to Section 4.2.
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