Common use of Settlement Notice Clause in Contracts

Settlement Notice. The Parties agree that the Settlement Notice shall otherwise be in the manner and form agreed by the Parties and approved by the Court. Collectively, the Settlement Notice shall in general terms set forth and sufficiently inform the Settlement Class Members of: (1) a short, plain statement of the background of the Action, the Settlement Class certification, and the essential terms of the Settlement; (2) appropriate means for obtaining additional information regarding the Settlement and the Action; (3) appropriate information concerning the procedure for objecting or opting-out from the Settlement, if they should wish to do so; and (4) that any relief to Settlement Class Members is contingent on the Court’s final approval of the Settlement. The Parties will request the Court to approve the Settlement Notice in the Preliminary Approval Order.

Settlement Notice. The Parties agree that the Settlement Notice shall otherwise be in the manner and form agreed upon by the Parties and approved by the Court. Collectively, the Settlement Notice shall in general terms set forth and sufficiently inform the Settlement Class Members of: (1) a short, plain statement of the background of the Action, the Settlement Class certification, and the essential terms of the Settlement; (2) appropriate means for obtaining additional information regarding the Settlement and the Action; (3) appropriate information concerning the procedure for objecting or opting-out from the Settlement, if they should wish to do so; and (4) that any relief to Settlement Class Members is contingent on the Court’s final approval of the Settlement. The Parties will request the Court to approve the Settlement Notice in the Preliminary Approval Order.

Settlement Notice. The Parties agree that the Settlement Notice shall otherwise be in the manner and form agreed upon by the Parties and approved by the Court. Collectively, the Settlement Notice shall in general terms set forth and sufficiently inform the Settlement Class Members of: (1a) a short, plain statement of the background of the Action, the Settlement Class certification, and the essential terms of the Settlement; (2b) appropriate means for obtaining additional information regarding the Settlement and the Action; (3c) appropriate information concerning the procedure for objecting or opting-out from the Settlement, if they should wish to do so; and (4d) that any relief to Settlement Class Members is contingent on the Court’s final approval of the Settlement. The Parties will request the Court to approve the Settlement Notice in the Preliminary Approval Order.