How Much Will. My Distribution Be? The amount, if any, that will be allocated to you will be based upon records maintained by the Plan’s recordkeeper, or, if on June 30, 2019, you either no longer had a Plan account or had a Plan account with no money in it, based upon your Former Participant Claim Form. Calculations regarding the individual distributions will be performed by the Settlement Administrator, whose determinations will be final and binding, pursuant to the Court-approved Plan of Allocation.
How Much Will. My Distribution Be? The amount, if any, that will be allocated to you will be based upon records maintained by the Plans’ recordkeeper. Calculations regarding the individual distributions will be performed by the Settlement Administrator, whose determinations will be final and binding, pursuant to the Court- approved Plan of Allocation.
How Much Will. My Payment Be? Your share of the Net Settlement Fund will depend on several factors, including: (i) how many Osiris securities you purchased or sold during the Class Period, and the dates and prices of those purchases and sales; (ii) the number of timely and valid claims submitted by other Class Members, and the purchases and sales of Osiris securities represented by those claims; (iii) the amount of administrative costs, including the costs of notice; and (iv) the amount awarded by the Court to Lead Counsel and Liaison Counsel for attorneys’ fees, costs, and expenses and to Lead Plaintiff. The Settlement Administrator will determine each Class Member’s pro rata share of the Net Settlement Fund based upon each Class Member’s valid “Recognized Loss.” The Recognized Loss formula is the basis upon which the Net Settlement Fund will be proportionately allocated to the Class Members with valid claims (“Authorized Claimants”). The Recognized Loss formula is not intended to be an estimate of the amount that a Class Member might have been able to recover after a trial; it also is not an estimate of the amount that will be paid to Authorized Claimants pursuant to the Settlement. You can calculate your Recognized Loss by following the instructions in the Plan of Allocation at page [ ] of this Notice. It is unlikely that you will get a payment for all of your Recognized Loss. After all Class Members have sent in their Proof of Claim and Release forms, the payment you get will be a part of the Net Settlement Fund equal to your Recognized Loss divided by the total of everyone’s Recognized Losses. HOW YOU OBTAIN A PAYMENT
How Much Will. My Distribution Be? The amount, if any, that will be allocated to you will be based upon records maintained by the Plan’s recordkeeper. Calculations regarding the individual distributions will be performed by the Settlement Administrator, whose determinations will be final and binding, pursuant to the Court-approved Plan of Allocation. To be eligible for a distribution from the Net Settlement Amount, you must either be a (1) Current Participant, or (2) an “Authorized Former Participant,” meaning a Former Participant who has submitted a completed, satisfactory Former Participant Claim Form that is postmarked by the deadline, or (3) a beneficiary, alternate payee, or attorney-in-fact of persons identified in (1) or (2). As explained above, under the proposed Plan of Allocation, 25% of the Net Settlement Amount will be allocated to Class Members based simply on the number of quarters during the Class Period in which they participated in the Plan in any amount (the “Per Capita Component”), and 75% of the Net Settlement Amount will be allocated to Class Members based on the actual amount of their investments in Plan funds over the Class Period, taking into account quarterly balances in all Plan funds except for those in the Bond Oriented Balanced Fund and the Diversified Stock Fund (the “Pro Rata Component”). Each component shall be calculated as follows: Per Capita Component
How Much Will. My Payments Be? In order to receive any payment, you must return a claim form (see Question 8 and the attached claim form). Every Class Member who returns a valid claim form will receive at least some distribution from the common fund. Your share of the fund will depend on the number of valid claim forms that State Law Class Members send in and how many RALs you had. If every class member submitted a claim, your share of the common fund would be a minimum of $1.67 for each RAL you obtained during the class period. However, only a percentage of class members will actually submit claim forms. For example, if only one of every four class members return claim forms, your share of the fund would be $6.68 for each RAL you obtained ($1.67 times four). Your share will be reduced by whatever percentage of the common fund is taken up with administration costs, attorney’s fees, expenses, and service payments. It is unlikely that such costs will exceed 30%, but they could be higher or lower. Please remember that this is only an example; the amount you receive from the settlement could be greater or smaller.
How Much Will. My Distribution Be? The amount, if any, that will be allocated to you will be based upon records maintained by the Plan’s recordkeeper, or, if on September 1, 2020, you either no longer had a Plan account or had a Plan account with no money in it, based upon your Former Participant Claim Form. To be eligible for a distribution from the Net Settlement Amount, you must have invested in the TIAA- CREF Lifecycle Funds between August 17, 2010 and April 17, 2012. If you invested in these funds and no longer have a Plan account or have a Plan account with no money in it, you must submit a Former Participant Claims Form available at xxx.Xxxxxxx000xXxxxXxxxxxxxxx.xxx and submit that form to the Settlement Administrator Current Participants shall receive their settlement payments as contributions to their account(s) in the Plans. For each Authorized Former Participant that completes a Former Participant Claims Form, the Settlement Administrator will issue a single check from the Qualified Settlement Fund and mail the check to the address of such Authorized Former Participant listed in his or her Former Participant Claim Form or will follow proper rollover instructions provided by the Authorized Former Participant. The method of making these calculations is described in the Plan of Allocation, found in Article 6 of the Settlement Agreement and available at xxx.Xxxxxxx000xXxxxXxxxxxxxxx.xxx. There are approximately 7,000 Class Members. Note that if you are an alternate payee pursuant to a Qualified Domestic Relations Order, you will receive a check if and to the extent you are entitled to receive a portion of a Current Participant’s or Authorized Former Participant’s allocation under the Settlement Agreement in accordance with the plan of allocation as if you are a Current Participant or Authorized Former Participant.
How Much Will. My Distribution Be? The amount, if any, that will be allocated to you will be based upon records maintained by the Plan’s recordkeeper, or, if on December 31, 2019, you either no longer had a Plan account or had a Plan account with no money in it, based upon your Former Participant Claim Form. Calculations regarding the individual distributions will be performed by the Settlement Administrator, whose determinations will be final and binding, pursuant to the Court-approved Plan of Allocation. Case 2:16-cv-06794-XX-XX Document 321-1 Filed 01/13/20 Page 58 of 66 Page ID #:26639
How Much Will. MY PAYMENT BE? Your share (if any) of the Net Settlement Fund, net of the fees and expenses described above, will depend on your alleged loss, compared to other Settlement Class members’ alleged losses, related to Plan investments in the Avon Stock Fund at any time since July 31, 2006. Each Settlement Class member’s share will be calculated according to a Court-approved Plan of Allocation. You are not responsible for calculating the amount you may be entitled to receive under the Settlement, or for providing the information needed to perform such calculations. In general, your proportionate share of the Settlement will be calculated as follows: Each Settlement Class member’s “Net Loss” will be calculated. For each Settlement Class member, his or her Net Loss will be equal to: (a) the dollar value, if any, of his or her account balance in the Avon Stock Fund on the first day of the Settlement Class Period (July 31, 2006); plus (b) the dollar value, if any, of all purchases of interests in the Avon Stock Fund for his or her account during the Class Period, as of the time of purchase(s); minus (c) the dollar value, if any, of all dispositions of interests in the Avon Stock Fund in his or her account during the Class Period, as of the time of the disposition(s); minus (d) the dollar value of the balance in the Avon Stock Fund remaining in his or her account on the close of business on February 29, 2016. All Net Losses will be aggregated to yield the total loss over the Plan of Allocation and each Settlement Class member’s percentage of that total loss will be calculated. Applying that percentage to the Settlement proceeds (net of fees and expenses as described above), the Settlement Administrator will calculate each Settlement Class member’s share of those proceeds on a preliminary basis. All participants whose preliminary share is greater than zero but less than or equal to twenty-five dollars ($25.00) will be deemed to have a final share equal to zero dollars. The Settlement Administrator will then recalculate the net loss percentage of those Settlement Class members whose preliminary share was greater than $25.00, to arrive at each such Settlement Class member’s final share. Do not worry if you do not have records that show your Plan activity. The Plan has records of participants’ activity which will be used for calculations. If you are entitled to a share of the Net Settlement Fund, you will receive a statement showing your share. If you have quest...
How Much Will. My Distribution Be? The amount, if any, that will be allocated to you will be based upon records maintained by the Plan’s recordkeeper. Calculations regarding the individual distributions will be performed by the Settlement Administrator, whose determinations will be final and binding, pursuant to the Court-approved Plan of Allocation. The Plan of Allocation will be available on the Settlement Website at www.State XxxxxxXXXXXxxxxxxxxxx.xxx prior to the Final Approval Hearing. The Net Settlement Fund will also depend on the amount of any Attorneys’ Fees and Expenses, Settlement Administration Expenses, Independent Fiduciary’s fees, and Case Contribution Awards that are awarded by the Court, as these will be paid out of the Qualified Settlement Fund of $4,300,000. Class Counsel will file a motion for an award of Attorneys’ Fees and Expenses, Settlement Administration Expenses and Case Contribution Awards at least 21 days prior to the objection deadline. This motion will be considered at the Fairness Hearing. Class Counsel will limit their application for Attorneys’ Fees to not more than one-third of the Settlement Fund ($1,433,333.33), plus reasonable litigation expenses advanced and carried by Class Counsel for the duration of the Action, not to exceed $100,000. In addition, Class Counsel will seek compensation for the Named Plaintiffs in the form of Case Contribution Awards in an amount not to exceed $5,000 for each Named Plaintiff. The Court will determine the amount of Attorneys’ Fees and Expenses, Settlement Administration Expenses and Case Contribution Awards that will be awarded, if any. All papers filed in this action, including Class Counsel’s motion for Attorneys’ Fees and Expenses, Settlement Administration Expenses and Case Contribution Awards, will be available for review via the Public Access to Court Electronic Records System (PACER), available online at xxxx://xxx.xxxxx.xxx.
How Much Will. My Distribution Be? The amount, if any, that will be allocated to you will be based upon records provided by the Plan’s recordkeeper. Calculations regarding individual distributions will be performed by the Settlement Administrator, whose determinations will be final and binding, pursuant to the Court-approved Plan of Allocation. To receive a distribution from the Net Settlement Amount, you must be a “Settlement Class Member” as described on page 1 of this Notice. There are 185 Settlement Class Members according to preliminary review of Plan records. Pursuant to the proposed Plan of Allocation, the Net Settlement Amount will be divided pro rata among Settlement Class Members. Each Settlement Class Member will have the opportunity to receive a share of the Net Settlement Amount (defined in the Settlement Agreement as their “Settlement Credit Amount”) based on the amount of their prior distributions from the Plan relative to all prior distributions to Settlement Class Members. The Settlement Agreement (in Article 5) provides the following illustrative example of the proposed Plan of Allocation: For illustrative purposes, if it is assumed that (i) the Net Settlement Amount equals $12 million, (ii) the sum of all Prior Distributions equals $10.5 million, and (iii) Class Member A received $10,500 of the Prior Distributions, then Class Member A’s Settlement Credit Amount equals $12,000. This is because Class Member A’s percentage of Prior Distributions equals 0.1% ($10,500/$10,500,000=0.001), and the Net Settlement Amount multiplied by 0.1% equals $12,000 ($12,000,000*0.001=$12,000). A more complete description regarding the details of the Plan of Allocation can be found in Article 5 of the Settlement Agreement, which is available at [xxx.xxxxxxxxxxxxxxxxx.xxx].
