Calculation of Estimated Individual Settlement Amounts Sample Clauses

Calculation of Estimated Individual Settlement Amounts. The payment per 9 person will be a function of the Gross Settlement Amount divided by the sum of (a) the number of Class 10 Members Entitled to Autopay and (b) the number of Claimants, less amounts attributable to any Service 11 Payment, Administrative Costs, and Class Counsel Fees. Individual Settlement Payments could be as 12 much as $400 per person, under the formula described in Section 7 of this Agreement.
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Calculation of Estimated Individual Settlement Amounts. Estimated Individual 23 Settlement Payments will be calculated on the basis of the number of shifts worked attributed to a Class 24 Member in proportion to the total number of shifts worked attributed to all Class Members during the 25 Settlement Period for Class Members, following the formula described in Section 7.5 of this Agreement.
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Calculation of Estimated Individual Settlement Amounts. The payment per 22 person will be a function of the Gross Settlement Amount divided by the number of Claimants, less
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Related to Calculation of Estimated Individual Settlement Amounts

  • Gross Settlement Amount Except as otherwise provided by Paragraph 9 below, Defendant promises to pay $500,000.00 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 6.1 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.

  • 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:

  • 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.

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