SETTLEMENT FUND / MONETARY PAYMENT / BENEFITS DETAILS Sample Clauses

SETTLEMENT FUND / MONETARY PAYMENT / BENEFITS DETAILS. 3.1 ReproSource agrees to make or cause to be made a payment of One Million, Two Hundred Fifty Thousand Dollars and No Cents ($1,250,000.00), to create the Settlement Fund as follows: within 30 days after the Effective Date and receipt from the Settlement Administrator of detailed wire instructions and a completed W-9 form, ReproSource agrees to and shall cause the sum of One Million, Two Hundred Fifty Thousand Dollars and No Cents ($1,250,000.00) to be deposited in an interest-bearing bank escrow account established and administered by the Settlement Administrator (the “Escrow Account”), less any amounts paid by ReproSource for Administrative Expenses prior to the Effective Date. The Escrow Account shall be held in a Qualified Settlement Fund (defined below) in interest- bearing bank account deposits with commercial banks with excess capital exceeding One Billion United States Dollars and Zero Cents ($1,000,000,000.00), with a rating of “A” or higher by S&P and in an account that is fully insured by the United States Government or the FDIC. The Settlement Fund will be used to pay approved claims, Administrative Expenses (to be agreed upon by both parties), the Fee Award and Costs, and Service Awards. For the avoidance of doubt, ReproSource’s total liability under this Settlement Agreement shall not exceed One Million, Two Hundred Fifty Thousand Dollars and No Cents ($1,250,000.00).
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SETTLEMENT FUND / MONETARY PAYMENT / BENEFITS DETAILS. 3.1 Forefront agrees to make or cause to be made a payment of Three Million Seven Hundred Fifty Thousand Dollars and No Cents ($3,750,000), to create the Settlement Fund as follows: within 30 days after the later of (a) entry of the Preliminary Approval Order, which shall include an order establishing the Settlement Fund pursuant to pursuant to Treasury Regulation § 1.468B-1(c)(1), or
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SETTLEMENT FUND / MONETARY PAYMENT / BENEFITS DETAILS. 3.1 Xxxxxxxx agrees to make or cause to be made the Settlement Payment to create the Settlement Fund as follows: within thirty (30) days after the latest of (a) entry of the Preliminary Approval Order, which shall include an order establishing the Settlement Fund pursuant to pursuant to Treasury Regulation § 1.468B-1(c)(1), or
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SETTLEMENT FUND / MONETARY PAYMENT / BENEFITS DETAILS. 3.1 Xxxxxx & Xxxxxxxx agrees to make or cause to be made a payment of Two Million, Nine Hundred Thousand Dollars and No Cents ($2,900,000.00). Xxxxxx & Xxxxxxxx agrees to create the Settlement Fund within ten (10) days after the later of (a) entry of the Preliminary Approval Order, which shall include an order establishing the Settlement Fund pursuant to Treasury Regulation § 1.468B-1(c)(1), or (b) receipt from the Settlement Administrator of detailed wire instructions and a completed W-9 form, by making or causing to be made a deposit of Six Hundred Thousand Dollars and No Cents ($600,000.00), to be deposited in an interest-bearing bank escrow account established and administered by the Settlement Administrator (the “Escrow Account”) to defray the actual expenses of notice of claims administration. Xxxxxx & Xxxxxxxx agrees to make or cause to be made a payment of Two Million, Three Hundred Thousand Dollars and No Cents ($2,300,000.00) to be deposited in the Escrow Account within thirty (30) days following the Effective Date. The Escrow Account shall be held in a Qualified Settlement Fund (defined below) in interest-bearing bank account deposits with commercial banks with excess capital exceeding One Billion United States Dollars and Zero Cents ($1,000,000,000.00), with a rating of “A” or higher by S&P and in an account that is fully insured by the United States Government or the FDIC. The Settlement Fund will be used to pay Approved Claims, Administrative Expenses (to be agreed upon by both parties), the Fee Award and Costs, and Service Awards. For the avoidance of doubt, and for purposes of this Settlement Agreement only, Xxxxxx & Xxxxxxxx’x liability shall not exceed Two Million, Nine Hundred Thousand Dollars and No Cents ($2,900,000.00).
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Related to SETTLEMENT FUND / MONETARY PAYMENT / BENEFITS DETAILS

  • Settlement Benefits WHAT YOU GET

  • THE SETTLEMENT BENEFITS What You Get

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account.

  • ' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

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