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Template language for state cy pres or residual awards in a class action settlement agreement
The Parties recognize that it is likely there will be residual funds after all good faith disbursement efforts of the Settlement Fund have been made. The Parties agree any residual shall be distributed to cy pres recipients as approved by the Court. Subject to approval by the Court, the Parties have agreed the residual shall be divided among the following organizations: [list organizations] in order to improve access to justice for all Californians, which satisfies the requirements of California Code of Civil Procedure section 384.

Template language for federal cy pres or residual awards in a class action settlement agreement
The Parties recognize that it is likely there will be residual funds after all good faith disbursement efforts of the Settlement Fund have been made. The Parties agree any residual shall be distributed to cy pres recipients as approved by the Court. Subject to approval by the Court, the Parties have agreed the residual shall be divided among the following organizations: [list orgs], whose work to [give nexus, for example: represents clients in blank cases, which benefits silent class members.