Examples of Settlement Fund in a sentence
At that hearing, the Court will: hear any objections concerning the fairness of the settlement; determine the fairness of the settlement; decide whether to approve Class Counsel’s request for attorneys’ fees and costs; and decide whether to award the Plaintiffs $5,000 each from the Settlement Fund for their services in helping to bring and settle this case.
A Settlement Fund of up to $1,550,000.00 will be established to pay all approved claims to the Settlement Class, together with notice and administration expenses, approved attorneys’ fees and costs to Class Counsel, and Service Awards to the Plaintiffs.
The Net Settlement Fund shall be allocated pro rata to Settlement Class Members.
By the Funding Date and subject to Court approval, Defendant agrees to fund the Settlement Fund in the total amount of $450,758.00, less the amount provided for in Section 4.2.6. Defendant shall deposit this amount in the Escrow Account.
Under no circumstances will Defendant have any payment obligations pursuant to this Settlement Agreement that exceed the Settlement Fund referenced in Section 2.21 and the attorneys’ fees referenced in Section 5.3.