Common use of Class Members’ Rights and Options Under the Settlement Clause in Contracts

Class Members’ Rights and Options Under the Settlement. Class Members have four options under the Settlement. If you are a Class Member, you may: (1) file a Claim, which if submitted timely and validated by the Settlement Administrator, will qualify you as a Participating Class Member entitled to receive a monetary payment following final court approval; (2) do nothing, in which case you will not be a Participating Class Member and you will not qualify to receive a monetary payment, but you will be bound by the release in the Settlement Agreement; (3) exclude yourself from the Settlement; or (4) object to the Settlement. The following paragraphs explain these options in more detail.

Class Members’ Rights and Options Under the Settlement. Class Members have four options under the Settlement. If you are a Class Member, you may: (1) file a Claim, which if submitted timely and validated by the Settlement Administrator, will qualify you as a Participating Class Member entitled qualified to receive a monetary payment following final court approval; (2) do nothing, in which case you will not be a Participating Class Member and you will not qualify to receive a monetary payment, but you will be bound by the release in the Settlement Agreement; (3) exclude yourself from the Settlement; or (4) object to the Settlement. The following paragraphs explain these options in more detail.

Class Members’ Rights and Options Under the Settlement. Class Members have four options under the Settlement. If you are a Class Member, you may: (1) file a Claim, which if submitted timely and validated by as qualifying for inclusion in the Settlement AdministratorPayment Group or the Credit Group, will qualify you as a Participating Class Member entitled to receive a monetary payment or credit from the Settlement Amount following final court approval; (2) do nothing, in which case you will not be a Participating Class Member and you will not qualify to receive a monetary paymentpayment or credit from the Settlement Amount, but you will be entitled to receive write-off benefits if you qualify for inclusion in the Write-Off Group and you will be bound by the release in the Settlement Agreement; (3) exclude yourself from the Settlement; or (4) object to the Settlement. The following paragraphs explain these options in more detail.