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Settlement Distribution or “Settlement Distribution Plan” means the plan for allocation of the Net Settlement Amount prepared by the Special Master setting the Settlement Sum for each Participating Class Member.

Payment is a dollar amount paid on any debt or allowance. A settlement is a payment or payments that will conclude the financial obligation in full, thus finishing the agreed term and amount in total.

The award is then split among plaintiffs ing to their involvement, with the lead plaintiff receiving their share first. Lawyers usually receive a portion of fees/costs for working on contingency. Courts limit payment to a fair amount. Remaining settlement money is then divided among members of the class.

A settlement offer is just a proposal to resolve the case. The parties have to agree on the resolution of the case mutually and prepare the appropriate documents for an offer to become binding. By itself, without agreement from the other party, a settlement offer is not binding.

Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

A settlement offer is just a proposal to resolve the case. The parties have to agree on the resolution of the case mutually and prepare the appropriate documents for an offer to become binding. By itself, without agreement from the other party, a settlement offer is not binding.

What Is an Account Settlement? An account settlement generally refers to the payment of an outstanding balance that brings the account balance to zero. It can also refer to the completion of an offset process between two or more parties in an agreement, whether a positive balance remains in any of the accounts.