Procedure for Payment of Settlement Awards Sample Clauses

Procedure for Payment of Settlement Awards. Within fourteen 25 (14) calendar days after the Effective Date, the Settlement Administrator will pay 26 Attorneys' Fees and Costs, the Named Plaintiff's Service Award, and the LWDA's share 27 of the PAGA Award to the LWDA. Within fourteen (14) calendar days after the Effective 28 Date, the Settlement Administrator shall mail Individual Settlement Awards to the Class 1 Members. Any checks paid to Class Members shall remain valid and negotiable for one 2 hundred twenty (120) calendar days from the date of their issuance ("Check Stale Date"). 3 Any checks not cashed after one hundred twenty (120) calendar days will be distributed as 4 set forth within this Agreement. For any checks that are returned with a forwarding 5 address, the Settlement Administrator shall send the check to that forwarding address 6 within ten (10) calendar days. For any checks that are returned with no forwarding 7 address, the Settlement Administrator shall attempt to determine a correct address by using 8 a single computer or other search and shall call the Class Member at the telephone number 9 provided by Defendants. If the Settlement Administrator obtains a new address, then the 10 check shall be mailed to that new address within ten (10) calendar days. In the event these 11 procedures are utilized and the person does not receive the check, no additional steps are 12 required and the Settlement Administrator will have fulfilled all of its obligations under 13 this Section. If any checks are not redeemed or deposited within sixty (60) calendar days 14 after mailing, the Settlement Administrator will send a reminder postcard indicating that 15 unless the check is redeemed or deposited in the next sixty (60) days, it will expire and 16 become non-negotiable, and offer to replace the check if it was lost or misplaced. 17 18 15. Administration of the Settlement shall be completed on or 19 before the date approximately ninety (90) days after the Check Stale Date. At that time, the 20 Settlement Administrator shall cancel any uncashed or deposited settlement checks. All 21 funds associated with uncashed or undeposited settlement checks shall be transmitted to 22 the State Controller's Office with the identity of the Class Member to whom the funds 23 belong. Upon completion of administration of the Settlement, the Settlement Administrator 24 shall provide Class Counsel and counsel for Defendants with a declaration of completion 25 to be filed with the Court by counsel for Defendants. 26
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Related to Procedure for Payment of Settlement Awards

  • Procedure for Payment Whenever a payment for fractional Rights, Preferred Shares or Common Shares is to be made by the Rights Agent pursuant to this Agreement, the Company will (i) promptly prepare and deliver to the Rights Agent a certificate setting forth in reasonable detail the facts related to such payment and the prices or formulas utilized in calculating such payments; and (ii) provide sufficient monies to the Rights Agent to make such payments. The Rights Agent will be fully protected in relying upon such certificate and will have no duty with respect thereto, and will not be deemed to have knowledge of any payment for fractional Rights, Preferred Shares or Common Shares pursuant to this Agreement unless and until the Rights Agent has received such certificate and sufficient monies.

  • Procedure for Approving Settlement a. Unopposed Motion for Preliminary Approval of the Settlement by the Court.

  • PROCEDURE FOR APPROVAL OF SETTLEMENT 28. Acceptance of this Settlement Agreement shall be sought at a hearing of the Central Regional Council of the MFDA on a date agreed to by counsel for Staff and the Respondent.

  • Procedure for Benefits Modifications 1. Proposals for major retirement benefit modifications will be negotiated in joint meetings with the certified employee organizations whose memberships will be directly affected. Agreements reached between Management and organizations whereby a majority of the members in LACERS are affected shall be recommended to the City Council by the CAO as affecting the membership of all employees in LACERS. Such modifications need not be included in the MOU in order to be considered appropriately negotiated.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • TERMS OF SETTLEMENT 26. The Respondent agrees to the following terms of settlement:

  • THE SETTLEMENT BENEFITS What You Get

  • DISPUTES SETTLEMENT PROCEDURE 9.1 A major objective of this Agreement is to eliminate lost time and/or production arising out of disputes or grievances. Disputes over any work related or industrial matter (including a dispute about whether a workplace right has been breached) or any matters arising out of the operation of the Agreement or incidental to the operation of the Agreement should be dealt with as close to its source as possible. Disputes over matters arising from this Agreement (or any other dispute related to the employment relationship or the NES, including subsections 65(5) or 76(4) of the Fair Work Act) shall be dealt with according to the following procedure.

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