Allocation of Net Fund Sample Clauses

Allocation of Net Fund. The Named Plaintiff and all Potential Opt-In Plaintiffs shall be allocated a portion of the Net Fund pursuant to the following allocation formula: (a) The Named Plaintiff and Potential Opt-In Plaintiff shall be assigned: one (1) point for each week worked as a Potential Opt-In Plaintiff anywhere in the United States at any time during the Covered Period. The calculation of all workweeks pursuant to this Paragraph shall be based on the Collective Database. (b) To calculate the Named Plaintiff’s and Potential Opt-In Plaintiff’s (i) Add all points for the Named Plaintiff and each Potential Opt-In Plaintiff to obtain the <Total Denominator;= (ii) Divide the number of points for the Named Plaintiff and each Potential Opt-In Plaintiff by the Total Denominator to obtain the Named Plaintiff’s and each Potential Opt-In Plaintiff’s <Portion of the Net Fund.= (c) Multiply the Named Plaintiff’s and each Potential Opt-In
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Allocation of Net Fund. The Net Fund shall be allocated for the following payments: 1. Initial Distributions from the Net Fund: a. $700,270 as PAGA penalties, to be distributed $525,202.50 (75%) to the LWDA and $175,067.50 (25%) to the Certified Subclass Members. i. Each Certified Subclass Member’s share of this $175,067.50 payment shall be based on the calculations submitted by McDonald’s expert Xxxx Xxxxx and accepted by the Court in its Statement of Decision, which cover the period March 13, 2013 to February 28, 2017. b. $55,471 in back pay, to be distributed to the Certified Subclass Members based on the calculations submitted by McDonald’s expert Xxxx Xxxxx and accepted by the Court in its Statement of Decision, which cover the period March 13, 2013 to February 28, 2017. c. An additional sum as back pay for those Certified Subclass Members who, according to McDonald’s records, worked an overnight shift between March 1, 2017 and July 6, 2017, followed by a shift that began on the same calendar day that the overnight shift ended and who were not paid for all time worked in excess of eight hours in a 24-hour period using the 4 a.m. start-of-workday adopted by the Court in its Statement of Decision. This additional sum shall be distributed to the affected Certified Subclass Members based on the number of overtime hours for which the Certified Subclass Member was not paid during that period and that Certified Subclass Member’s corresponding overtime rate pursuant to Labor Code §510. d. Simple interest shall be added to each Certified Subclass Member’s back pay amounts in Paragraphs V.C.1.b and c at a rate of 10% from the date of each instance of unpaid overnight overtime through the date of preliminary approval. 2. Eighty percent (80%) of the Net Fund remaining after the Initial Distributions in Paragraph V.C.1 shall be allocated for payments associated with Class Members’ non-PAGA claims (“Non-PAGA Payment”). The Non-PAGA Payment shall be allocated as follows: a. Forty percent (40%) to Class Members for back pay and interest associated with alleged missed, late, and/or shortened meal periods and rest breaks, to be distributed to Class Members based on the number of weeks worked by that Class Member between the beginning of the Class Period and the Release Date. b. Ten percent (10%) to Class Members for back pay, expenses, interest, and liquidated damages associated with the Class Members’ alleged time and expense of maintaining their work uniforms, to be distributed to Class Mem...
Allocation of Net Fund. The Settlement Administrator shall compute the Individual Settlement Payments for all Class Members pursuant to the following allocation formula: (a) For each hour worked by a Class Member outside of California before October 21, 2017 but within the applicable Covered Period, assign each such Class Member one (1) point for each such hour, as consideration for settling state law breach of contract claims; (b) For each hour worked by a Class Member in California between October 21, 2016, and October 21, 2017, in a Snow Position during the applicable Covered Period, assign each such Class Member thirty (30) points for each such hour; for each hour worked by a Class Member in California between October 21, 2016, and October 21, 2017, in a Non-Snow Position during the applicable Covered Period, assign each such Class Member fifteen (15) points for each such hour, as consideration for settling state law breach of contract claims and unfair competition claims; (c) For each hour worked (i) by a Class Member in California between October 21, 2017 and December 15, 2021, or in Colorado between October 21, 2017, and October 23, 2021, in a Snow Position during the applicable Covered Period, assign each such Class Member sixty (60) points for each such hour; (ii) for each hour worked by a Class Member in California between October 21, 2017 and December 15, 2021, or Colorado between October 21, 2017, and October 23, 2021, in a Non-Snow Position during the applicable Covered Period, assign each such Class Member thirty (30) points for each such hour; (iii) for each hour worked by a Class Member outside of California or Colorado between October 21, 2017, and October 23, 2021, in a Snow Position during the applicable Covered Period, assign each such Class Member thirty (30) points for each such hour; (iv) for each hour worked by a Class Member outside of California or Colorado between October 21, 2017, and October 23, 2021, in a Non-Snow Position during the applicable Covered Period, assign each such Class Member fifteen (15) points for each such hour, as consideration for settling their state law claims and federal Fair Labor Standards Act (FLSA) claims; (d) Add all points for all Class Members together to obtain the “Denominator”; (e) Divide the number of points for each Class Member by the Denominator to obtain each Class Member’s “Payment Ratio”; (f) Multiply each Class Member’s Payment Ratio by the Net Fund to determine his or her Individual Settlement Payment.
Allocation of Net Fund. The Named Plaintiff and all Potential Opt-In Plaintiffs shall be allocated a portion of the Net Fund pursuant to the following allocation formula: (a) The Named Plaintiff and each Potential Opt-In Plaintiff employed by Equitable anywhere in the United States shall be assigned one (1) point for each week worked as an FP during the Covered Period. (b) The calculation of all workweeks pursuant to paragraph (a) above shall be based on Equitable’s business records. (c) To calculate the Named Plaintiff and each Potential Opt-In Plaintiff’s (i) Add all points for each Named Plaintiff and Potential Opt- In Plaintiff together to obtain the “Total Denominator”; (ii) Divide the number of points for each Named Plaintiff and Potential Opt-In Plaintiff by the Total Denominator to obtain each Named Plaintiff and Potential Opt-In Plaintiff’s “Portion of the Net Fund.” (d) Multiply each Named Plaintiff or Potential Opt-In Plaintiff’s Portion of the Net Fund by the Net Fund to determine such individual’s “Potential Gross Settlement Payment.” The sum of the Potential Gross Settlement Payments for the Named Plaintiff and Potential Opt-In Plaintiffs shall equal the Net Fund. The individual Notices sent to the Named Plaintiff and Potential Opt-In Plaintiffs will reflect the individual recipient’s Potential Gross Settlement Payment. The Potential Gross Settlement Payments will be paid only to the Qualified Claimants. Any Potential Gross Settlement Payments allocated to Potential Opt-In Claimants who do not become Qualified Claimants
Allocation of Net Fund. All Named Plaintiffs and Putative Collective Members shall be allocated a payment from the Net Fund pursuant to the following allocation formula: a. Each Named Plaintiff and Putative Collective Member shall be assigned four (4) points for each week worked as a CSR during the FLSA Covered Period in which they worked more than 38 hours according to PNC’s time records, two (2) points for each week in which they worked 36-37.9 hours according to PNC’s time records, and one (1) point for each week in which they worked 35.9 or fewer hours according to PNC’s time records. Any weeks of job-protected leave pursuant to the Family and Medical Leave Act or similar statutes shall be credited to the Named Plaintiffs and Putative Collective Members as required by law. b. The calculation of all workweeks and hours worked pursuant to paragraph (a) above shall be based on PNC’s business records. c. To calculate each Named Plaintiff’s and Putative Collective Member’s proportionate share of the Net Fund, the Settlement Claims Administrator shall: (i) Add all points for each Named Plaintiff and Putative Collective Members together to obtain the “Total Denominator”; (ii) Divide the number of points for each Named Plaintiff and Putative Collective Member by the Total Denominator to obtain each Named Plaintiff’s and Putative Collective Member’s “Portion of the Net Fund.” (iii) Multiply each Named Plaintiff’s and Putative Collective Member’s Portion of the Net Fund by the total amount of the Net Fund to determine each Named Plaintiff and Putative Collective Member’s Individual Payment. The sum of the Individual Payments for all Named Plaintiffs and Putative Collective Members shall equal the Net Fund. Each Named Plaintiff and Putative Collective Member shall be advised of his/her respective Individual Payment in such person’s Notice Packet. d. The Individual Payments shall be paid to the Qualified Claimants. Any amounts of the Net Fund not claimed by a Qualified Claimant shall revert to PNC.
Allocation of Net Fund. All Named Plaintiffs and Qualified Claimants shall be allocated a payment from the Net Fund pursuant to the following allocation formula: a. Each Named Plaintiff and Qualified Claimant in the “Regular Rate of Pay” Collective shall be assigned (.05) point for each week worked as a Chemical Operator during the FLSA Covered Period in which they worked forty (40) or more hours according to Defendants’ time records. b. Each Named Plaintiff and Qualified Claimant in the “Donning/Xxxxxxx” Collective shall be assigned (1) point for each week worked as a Chemical Operator during the FLSA Covered Period in which they worked forty (40) or more hours according to Defendants’ time records. c. Each Named Plaintiff and Qualified Claimant in the “Donning/Xxxxxxx” Collective shall be assigned (0.1) additional point to each workweek as a Chemical Operator during the FLSA Covered Period in which they worked forty (40) or more hours according to Defendants’ time records at any of the following facilities to account for longer donning/xxxxxxx times: 1. Atlas Road, Ohio; 2. Xxxxxxx City, Kentucky; 3. Freetown, Massachusetts; 4. Calumet City, Illinois; 5. Philadelphia, Pennsylvania; 6. Neville, Pennsylvania; and 7. Xxxx, West Xxxxxxxx. d. Each Named Plaintiff and Qualified Claimant in the “Donning/Xxxxxxx” 1. Los Angeles, California; 2. Xxxxxxx City, Kentucky; 3. Freetown, Massachusetts; 4. Calumet City, Illinois; 5. Philadelphia, Pennsylvania; and

Related to Allocation of Net Fund

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • Limitation on Allocation of Net Loss To the extent that any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to any Holder, such allocation of Net Loss shall be reallocated (x) first, among the other Holders of Partnership Common Units in accordance with their respective Percentage Interests with respect to Partnership Common Units and (y) thereafter, among the Holders of other classes of Partnership Units as determined by the General Partner, subject to the limitations of this Section 6.4.A(vi).

  • Allocations of Net Profits and Net Losses Except as otherwise set forth herein, Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members in proportion to their respective Capital Accounts.

  • Allocations of Net Income and Net Loss Except as otherwise provided in this Agreement, after giving effect to the special allocations in subparagraph 1(c) and paragraph 2, Net Income, Net Loss and, to the extent necessary, individual items of income, gain, loss or deduction, of the Partnership for each fiscal year or other applicable period of the Partnership shall be allocated among the General Partner and Limited Partners in accordance with their respective Percentage Interests.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Timing and Amount of Allocations of Net Income and Net Loss Net Income and Net Loss of the Partnership shall be determined and allocated with respect to each Partnership Year of the Partnership as of the end of each such year. Subject to the other provisions of this Article 6, an allocation to a Partner of a share of Net Income or Net Loss shall be treated as an allocation of the same share of each item of income, gain, loss or deduction that is taken into account in computing Net Income or Net Loss.

  • Allocation of Funds A. The Faculty Development Committee shall approve all applications for reassignment of duties that do not require additional funding and have been endorsed by the applicant’s Division. B. The Faculty Development Committee shall follow the guidelines established in consultation between the parties in deciding which applications for faculty development funding will be approved.

  • Allocation of Realized Losses Prior to each Distribution Date, the Master Servicer shall determine the total amount of Realized Losses, if any, that resulted from any Cash Liquidation, Servicing Modification, Debt Service Reduction, Deficient Valuation or REO Disposition that occurred during the related Prepayment Period or, in the case of a Servicing Modification that constitutes a reduction of the interest rate on a Mortgage Loan, the amount of the reduction in the interest portion of the Monthly Payment due during the related Due Period. The amount of each Realized Loss shall be evidenced by an Officers' Certificate. All Realized Losses, other than Excess Special Hazard Losses, Extraordinary Losses, Excess Bankruptcy Losses or Excess Fraud Losses, shall be allocated as follows: first, to the Class B-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class M-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class M-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero; and, thereafter, if any such Realized Losses are on a Discount Mortgage Loan, to the Class A-P Certificates in an amount equal to the Discount Fraction of the principal portion thereof, and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non-Discount Mortgage Loans will be allocated among all the Senior Certificates (other than the Class A-V Certificates and Class A-P Certificates) in the case of the principal portion of such loss on a pro rata basis and among all of the Senior Certificates (other than the Class A-P Certificates) in the case of the interest portion of such loss on a pro rata basis, as described below. Any Excess Special Hazard Losses, Excess Bankruptcy Losses, Excess Fraud Losses, Extraordinary Losses on Non-Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. The principal portion of such Realized Losses on the Discount Mortgage Loans will be allocated to the Class A-P Certificates in an amount equal to the Discount Fraction thereof and the remainder of such Realized Losses on the Discount Mortgage Loans and the entire amount of such Realized Losses on Non- Discount Mortgage Loans will be allocated among the Senior Certificates (other than the Class A-P Certificates) and Subordinate Certificates, on a pro rata basis, as described below. As used herein, an allocation of a Realized Loss on a "pro rata basis" among two or more specified Classes of Certificates means an allocation on a pro rata basis, among the various Classes so specified, to each such Class of Certificates on the basis of their then outstanding Certificate Principal Balances prior to giving effect to distributions to be made on such Distribution Date in the case of the principal portion of a Realized Loss or based on the Accrued Certificate Interest thereon payable on such Distribution Date (without regard to any Compensating Interest for such Distribution Date) in the case of an interest portion of a Realized Loss. Except as provided in the following sentence, any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to a Class of Certificates shall be made by reducing the Certificate Principal Balance thereof by the amount so allocated, which allocation shall be deemed to have occurred on such Distribution Date; provided that no such reduction shall reduce the aggregate Certificate Principal Balance of the Certificates below the aggregate Stated Principal Balance of the Mortgage Loans. Any allocation of the principal portion of Realized Losses (other than Debt Service Reductions) to the Subordinate Certificates then outstanding with the Lowest Priority shall be made by operation of the definition of "Certificate Principal Balance" and by operation of the provisions of Section 4.02(a). Allocations of the interest portions of Realized Losses (other than any interest rate reduction resulting from a Servicing Modification) shall be made in proportion to the amount of Accrued Certificate Interest and by operation of the definition of "Accrued Certificate Interest" and by operation of the provisions of Section 4.02(a). Allocations of the interest portion of a Realized Loss resulting from an interest rate reduction in connection with a Servicing Modification shall be made by operation of the provisions of Section 4.02(a). Allocations of the principal portion of Debt Service Reductions shall be made by operation of the provisions of Section 4.02(a). All Realized Losses and all other losses allocated to a Class of Certificates hereunder will be allocated among the Certificates of such Class in proportion to the Percentage Interests evidenced thereby; provided that if any Subclasses of the Class A-V Certificates have been issued pursuant to Section 5.01(c), such Realized Losses and other losses allocated to the Class A-V Certificates shall be allocated among such Subclasses in proportion to the respective amounts of Accrued Certificate Interest payable on such Distribution Date that would have resulted absent such reductions.

  • Allocations for Capital Account Purposes For purposes of maintaining the Capital Accounts and in determining the rights of the Partners among themselves, the Partnership’s items of income, gain, loss and deduction (computed in accordance with Section 5.5(b)) shall be allocated among the Partners in each taxable year (or portion thereof) as provided herein below.

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