Settlement Administration Expenses. Payment to the Settlement Administrator, estimated not to exceed $10,000, for expenses, including without limitation expenses of notifying the Class Members of the Settlement, processing opt outs, and distributing Settlement Shares and tax forms, and handling inquiries and uncashed checks.
Settlement Administration Expenses. (1) The Claims Administrator may use the Settlement Amount deposited in the Trust Account to fund the Settlement Administration Expenses in relation to this Settlement Agreement.
Settlement Administration Expenses. “Settlement Administration Expenses” are those expenses incurred and charged by the Claims Administrator and/or Special Master in effectuating the Settlement.
Settlement Administration Expenses. Class Counsel shall, in conjunction with the hearing on final approval of this Settlement Agreement, apply to the Court for an award to the Settlement Administrator of settlement administration expenses in an amount not to exceed $20,000, to be paid from the Settlement Proceeds in accordance with Section II.B.3 above. Within thirty days of the Effective Date, the Settlement Administrator shall disburse to itself the Settlement Administration Expenses Award approved by the Court.
Settlement Administration Expenses. At the direction of Settlement Class Counsel, the Settlement Administrator shall distribute to itself, within thirty (30) days after the Settlement Effective Date, the amount approved by the Court as the reasonable expenses of settlement administration, not to exceed $25,000.
Settlement Administration Expenses. 4 13. The Settlement Administrator shall calculate and administer the payments to be 5 made to the Class Members, transmit payment for attorneys’ fees and costs to Class Counsel, 6 transmit the Class Representative Service Payment to the Plaintiff, distribute the PAGA Payment, 7 issue any required tax reporting forms, calculate withholdings and perform the other remaining 8 duties set forth in the Agreement. The Settlement Administrator ILYM Group has documented 9 $ in fees and expenses, and this amount is reasonable in light of the work performed by 10 the Settlement Administrator.
Settlement Administration Expenses. In the Motion for Final Approval of Class Action Settlement, Class Counsel shall apply to the Court for any unpaid costs of the Settlement Administrator to be paid from the Gross Settlement Fund.
Settlement Administration Expenses. (c) the Fee Award; and (d) Service Awards; in no event shall Defendants’ liability to fund those payments exceed the Settlement Amount. Defendants’ actual payment obligation under this Agreement is limited to payment of (i) approved Valid Claims to Class Members, (ii) Settlement Administration Expenses, (iii) any Fee Award, and (iv) Service Awards. In the event the cumulative cost of Valid Claims, Settlement Administration Expenses, the Fee Award, and Service Awards exceeds the Settlement Amount, then the amount payable for each Valid Claim shall be reduced, pro rata, so as not to exceed the Settlement Amount.
Settlement Administration Expenses. All reasonable expenses associated with the administration of this Settlement up through the Effective Date, including expenses for the Claims Administrator, and Special Master (including for work performed by members of his law firm to whom he may delegate tasks) shall be considered Settlement Administrative Expenses. Defendants agree to fund such Settlement Administrative Expenses in an amount not to exceed $250,000.00. This amount shall be paid by Defendants in addition to the Total Cash Settlement Amount, by the Funding Deadline described in Section 6.1. Defendants shall not be liable for, or otherwise be responsible for, any administration expenses in excess of $250,000.00. To the extent Settlement Administrative Expenses exceed $250,000.00, such expenses shall be borne by the Settlement Fund (including any funds remaining from the Reserve Fund). In the event this Agreement terminates, as described in Sections 7.1 or 7.2 herein, the Claims Administrator shall, within five (5) business days of termination, determine the amount of all Settlement Administrative Expenses incurred as of the date of termination (plus the cost to complete this tabulation) (the “Termination Settlement Administrative Expenses”) and present that total to Class Counsel and Defendants’ Counsel. In the event the Court declines to approve this Settlement, and subject to the provisions of Section 7.1, each of Class Counsel and Defendants’ Counsel shall be responsible for payment of one- half of that Termination Settlement Administrative Expenses. To the extent Defendants’ Counsel has paid more than its one-half share of such Termination Settlement Administrative Expenses, Class Counsel shall reimburse the Defendants’ Counsel for all amounts it has paid over its one-half share within ten (10) business days of presentment by the Claims Administrator of the Termination Settlement Administrative Expenses. In the event any Defendant chooses to terminate the settlement pursuant to Section 7.2, Defendants shall be solely responsible for the payment of Termination Settlement Administrative Expenses.
Settlement Administration Expenses. The Settlement Amount will be utilized to pay the Settlement Administration Expenses. The Parties, in consultation with the Settlement Administrator, estimate this amount to be approximately $30,000.00. The Parties agree to cooperate in the settlement administration process and to make all reasonable efforts to control and minimize the costs and expenses incurred in the administration of the Settlement Agreement. The Settlement Administrator will provide Class Counsel and Defendant’s Counsel monthly invoices for all services rendered and may distribute from the Settlement Escrow the full amount of each invoice within seven (7) days after submitting such invoice if no objection is raised to the charges listed on the invoice. Within seven (7) days after the Court enters Final Approval, the Settlement Administrator will provide Class Counsel and Defendant’s Counsel its good faith estimate of all outstanding and future Settlement Administration Expenses, which shall be deemed conclusively established if no objection is raised within seven (7) days after receipt. The estimated amount shall be deducted from the Settlement Amount in calculating the Net Settlement Fund. The Parties and the Settlement Administrator agree to work in good faith to timely resolve any disputes related to the Settlement Administrator’s invoices and/or estimates, and shall seek judicial intervention only as a last resort.
