Common use of The Settlement Clause in Contracts

The Settlement. As part of the Settlement, a fund of $75,000,000 (the “Settlement Amount”) has been established to resolve the Action. From that $75,000,000 will first be paid any administrative expenses, taxes, tax expenses, Court-approved attorneys’ fees and costs, Class Representative service awards, and other approved expenses of the litigation. Then, the remaining Settlement Amount (called the “Net Settlement Amount”) will be allocated to Class Members according to the Plan of Allocation to be approved by the Court. Shortly after the Court preliminarily approved the Settlement, JPMorgan deposited the $75,000,000 Settlement Amount in an interest- bearing Qualified Settlement Fund. Upon final approval of the Settlement by the Court, the interest accrued on the Settlement Fund will be added to the Settlement Amount in order to benefit the Class. The Settlement provides, among other things, for the allocation of monies directly into the individual accounts of Class Members who had an account with a positive balance (an 1 Attachment 1 lists the plans which, according to information available at the time of the Settlement, offered a JPMorgan stable value fund during the class period. The plans identified on Attachment 1 may change based on the subsequent investigation of the parties. “Active Account”) in one of the 401(k) plans that are listed in Attachment 1 as of the most current participant data received by Class Counsel (“Current Participants”). Class members who are entitled to a distribution but who no longer have an “Active Account” in one of the Plans listed in Attachment 1 (“Former Participants”) will receive their allocation by check mailed to their last known address or by rollover if available and elected. Our records indicate that you are a Former Participant. You must return a Claim Form by to participate in the Settlement. (See answer to Question No. 6 below for more information.)

The Settlement. As part of the Settlement, a fund of $75,000,000 (the “Settlement Amount”) has been established to resolve the Action. From that $75,000,000 will first be paid any administrative expenses, taxes, tax expenses, Court-approved attorneys’ fees and costs, Class Representative service awards, and other approved expenses of the litigation. Then, the remaining Settlement Amount (called the “Net Settlement Amount”) will be allocated to Class Members according to the Plan of Allocation to be approved by the Court. Shortly after the Court preliminarily approved the Settlement, JPMorgan deposited the $75,000,000 Settlement Amount in an interest- bearing Qualified Settlement Fund. Upon final approval of the Settlement by the Court, the interest accrued on the Settlement Fund will be added to the Settlement Amount in order to benefit the Class. The Settlement provides, among other things, for the allocation of monies directly into the individual accounts of Class Members who had an account with a positive balance (an 1 Attachment 1 lists the plans which, according to information available at the time of the Settlement, offered a JPMorgan stable value fund during the class period. The plans identified on Attachment 1 may change based on the subsequent investigation of the parties. “Active Account”) in one of the 401(k) plans that are listed in Attachment 1 as of the most current participant data received by Class Counsel (“Current Participants”). Class members who are entitled to a distribution but who no longer have an “Active Account” in one of the Plans listed in Attachment 1 (“Former Participants”) will receive their allocation by check mailed to their last known address or by rollover if available and elected. Our records indicate that you are a Former Current Participant. You must return a Claim Form by do not have to do anything to participate in the Settlement. (See answer Settlement or to Question No. 6 below for more informationreceive a payment from the Settlement if it is determined that you are entitled to one under the Plan of Allocation.)