Settlement Award definition

Settlement Award means the payment that each Eligible Class Member shall be entitled to receive pursuant to the terms of this Agreement.
Settlement Award means the amount remitted by the Settlement Administrator out of the Settlement Fund to a Settlement Class Member who submits a Valid Settlement Claim.

Examples of Settlement Award in a sentence

  • After a Qualifying Class Member receives notification of its Settlement Award from the Claims Administrator, it will have ten (10) Business Days from the receipt of such notification to request that the Special Master reconsider a part of the calculation based on a mistake/error alleged to have occurred.

  • Then, that percentage is multiplied by the Action Fund to provide the Settlement Award for each Impacted Water Source.


More Definitions of Settlement Award

Settlement Award means the gross (before tax or other withholdings) settlement payment to any Eligible Settlement Class Member.
Settlement Award means an electronic payment to an eligible Settlement Class Member pursuant to Section III.D. of this Agreement. The Settlement Awards will be set at Fifteen Dollars ($15 USD) per valid Claim and subject to pro rata increase or decrease, depending on the number of all approved Claims submitted, as described in Section III.D.
Settlement Award means the gross payment to any Settlement Class
Settlement Award means, at the election of the Settlement Class Member, an electronic payment via PayPal or a cash payment in the form of a check to an eligible Settlement Class Member pursuant to Section III.E of this Agreement. The Settlement Awards will be capped at $2.00 each and subject to pro rata decrease, depending on the number of all approved Claims submitted, as described in Section III.E.
Settlement Award means a cash payment that may be available to each Claimant from the net Settlement Proceeds remaining after deducting all Court‐approved awards to Plaintiffs for their service, to Plaintiffs’ counsel for their attorneys’ fees and expenses, and to the Claims Administrator for notice and settlement administration.