Allocation of Net Settlement Amount Sample Clauses

Allocation of Net Settlement Amount. Consistent with the Claims Program, the Special Master shall have full and final authority to determine the amount to be paid to each Participating Class Member. The Claims Program shall take into account the location of the Residence and the zone in which the Residence is located relative to the location of the Facility and considering established predominant weather patterns, the nature of the Residence (i.e., whether it is a single-family or multi-family dwelling), the status of the Resident (e.g., whether a current or former owner or tenant), the number of Residents who have resided in each Residence over the entire Class Period, the duration and time period of residence of each Resident during the Class Period, and other special circumstances at the discretion of the Special Master, as well as the formula and considerations set forth in this section. The Parties establish following minimal parameters for distribution of the Net Settlement Amount to be considered by the Special Master is devising the Claims Program;
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Allocation of Net Settlement Amount. The Net Settlement Amount is non-reversionary and will be fully allocated among the Settlement Class Members. Allocation will be based on the number of workweeks that each Settlement Class Member worked as well as each Settlement Class Member’s employment status (full-time or part-time). Each Settlement Class Member’s Settlement Share shall be calculated by first summing
Allocation of Net Settlement Amount. The Net Settlement Amount will be distributed 75% to the LWDA and 25% to the Aggrieved Employees and Reimbursement Aggrieved Employees, pursuant to Labor Code § 2699(i). The 25% portion to be paid to the Aggrieved Employees and Reimbursement Aggrieved Employees will be paid to all Aggrieved Employees and Reimbursement Aggrieved Employees as follows: 75% of that portion will be allocated to the Aggrieved Employees and paid to them based on the number of pay periods worked by each Aggrieved Employee during the PAGA Period in proportion to the pay periods worked by all Aggrieved Employees during the PAGA Period. 25% of that portion will be allocated to the Reimbursement Aggrieved Employees and paid to them based on the number of pay periods worked by each Reimbursement Aggrieved Employee during the Reimbursement PAGA Period in proportion to the pay periods worked by all Reimbursement Aggrieved Employees during the Reimbursement PAGA Period.
Allocation of Net Settlement Amount. After deduction of the amounts, if any, for the Cost and Fee Award, the Separate Awards, the PAGA Payment, and the Administration Costs, the remaining funds will be paid pro rata to each member of the Potential Collective Members. The pro-rata share of the Net Settlement Amount for each Potential Collective Member (“Settlement Payment”) will be determined by dividing the total number of overtime hours reflected in the Work Data for each Potential Collective Member by the total number of overtime hours reflected in the Work Data for all Potential Collective Members (the “Allocation Formula”). In no event shall a Potential Collective Member receive a Settlement Payment in an amount of less than $100.00 after applicable taxes. Settlement Payments shall be reduced by any required deductions for each Potential Collective Member, as set forth herein, including employee-side tax withholdings and deductions. The Settlement Administrator will report each Settlement Payment made to Participating Collective Member to the applicable state and federal government authorities, including the Internal Revenue Service, as required by law.

Related to Allocation of Net Settlement Amount

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $290,000.00 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 4.3 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Termination for Non-Allocation of Funds 4.17.2 Renegotiate the Contract under the revised funding conditions; or

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Payments to Settlement Class Members (a) Defendant shall pay into the Escrow Account the amount of the Settlement Fund ($1,000,000.00), specified in Paragraph 1.33 of this Agreement, within sixty (60) days after Final Approval.

  • Calculation of Liquidation Amount Upon the occurrence of a Liquidation Date:

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

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