Allocation of Settlement Awards Between Wages and Non-Wages. Fifty Percent (50%) of each Settlement Award will be treated as wages and subject to normal payroll tax withholdings and payments, and these amounts shall be reported to the taxing authorities and the Settlement Class Members on IRS Forms W-2. Fifty Percent (50%) of each Settlement Award will be treated as non-wages (liquidated damages, enhancements, and prejudgment interest) on which there will be no tax withholding and for which IRS Forms 1099- MISC (marked “Other Income”) shall be issued to the taxing authorities and Eligible Settlement Class Members.
Allocation of Settlement Awards Between Wages and Non-Wages. One- third (33 1/3 percent) of the final Settlement Award to each Settlement Class Member will be allocated to wage claims (the “Wage Awards”) and thus will be subject to normal employee payroll tax withholdings and employer payroll tax payments. The other two-thirds (66 2/3 percent) of the final Settlement Award to each Settlement Class Member will be allocated to non-wage claims for prejudgment interest and exemplary damages (the “Non-Wage Awards”), as to which there will be no employee payroll tax withholdings or employer payroll tax payments.
Allocation of Settlement Awards Between Wages and Non-Wages. Fifty Percent (50%) of each Qualified Settlement Class Member’s proportional share of the Net Settlement Fund will be allocated and characterized as W-2 wages (which shall be subject to applicable payroll taxes and deductions), and the other fifty percent (50%) of each Qualified Settlement Class Member’s proportional share of the Net Settlement Fund will be allocated and characterized as 1099 non-wage payments.
Allocation of Settlement Awards Between Wages and Non-Wages. Twenty-five Percent (25%) of each Settlement Award will be treated as wages and subject to normal payroll tax withholdings and payments, and these amounts shall be reported to the taxing authorities and the Settlement Class Members on IRS Forms W-2. Seventy-Five Percent (75%) of each Settlement Award will be treated non-wages (penalties, enhancements, and prejudgment interest) on which there will be no tax withholding and for which IRS Forms 1099 (marked “Other Income”) shall be issued to the taxing authorities and Eligible Settlement Class Members. Except for mandatory employer-side payroll taxes, Plaintiffs and Class Members agree, acknowledge and understand that they are responsible for any and all taxes that may be owed as a result of this Agreement.
Allocation of Settlement Awards Between Wages and Non-Wages. Fifty Percent (50%) of each Settlement Award will be treated as wages and subject to normal payroll tax withholdings and payments, and these amounts shall be reported to the taxing authorities and the Settlement Class Members on IRS Forms W-2. Fifty Percent (50%) of each Settlement Award will be treated as non-wages (penalties, enhancements, and prejudgment interest) on which there will be no tax withholding and for which IRS Forms 1099 (marked “Other Income”) shall be issued to the taxing authorities and Eligible Settlement Class Members. Class Members are individually and solely responsible for paying any and all taxes (including FICA or otherwise) which may be due and owing (if any) as a result of the payments of Other Income. Class Members will hold Arjo harmless from any and all actions, claims and demands whatsoever, which may now or hereafter exists, on account of Arjo’s payment of the Other Income or not withholding taxes as to the Other Income (including FICA or otherwise) from such amounts and will indemnify Arjo from any and all loss, expense, or penalty, including but not limited to, attorneys’ fees that Arjo may be required to pay or incur as a result of any action, claim, or demand on account of Arjo’s payments to Class Members in the amounts set forth in this Agreement or the Company not withholding taxes (including FICA or otherwise from such amount).
Allocation of Settlement Awards Between Wages and Non-Wages. Fifty Percent (50%) of each Qualified Class Member's proportional share of the Net Settlement Fund will be allocated and characterized as W-2 wages (which shall be subject to applicable payroll taxes and withholdings), and the remaining fifty percent (50%) of each Qualified Class Member's proportional share of the Net Settlement Fund will be allocated and characterized as 1099 non wages (prejudgment interest and exemplary damages). None of the payments made to Qualified Class Members are to be construed as compensation for purposes of determining eligibility for any health and welfare benefits or unemployment compensation, and no benefits, including but not limited to pension and/or 401(k), shall increase or accrue as a result of any payment made or as a result of this Settlement, unless required by the plan documents or otherwise required by law.
