(a) The Board may, from time to time, fix amaximum amount of reimbursement that is payable by the Fund. Initially, themaximum amount shall be $10,000 per claim and $25,000 total dollars within anygiven calendar year with regard to an individual lawyer.
(a)(1) There shall be a lifetime claim limit of$425,000 per lawyer.
(b) Claimant shall be reimbursed for losses inamounts to be determined by the Board afterrecommendations by the Committee. Reimbursement shall not include interest andother incidental and out-of-pocket expenses.
(c) Payment of reimbursement shallbe made in such amounts and at such time as the Board approves and maybe paid in lump sum or installment amounts. In the event that the Committeedetermines that there is a substantial likelihood that claims against thelawyer may exceed either the annual or lifetime claim limits, claims may bepaid on a pro rata basis or otherwise as the Board and the Committee determineis equitable under the circumstances.
(d) If a claimant is a minor or an incompetent,the reimbursement may be paid to any proper andlegally recognized person or authorized entity for the benefit of the claimant.