Calculation of Individual Settlement Payments Sample Clauses

Calculation of Individual Settlement Payments. Using the Class Data, the Settlement Administrator will calculate the total Compensable Work Weeks for all Settlement Class Members by adding the number of Compensable Work Weeks worked by each Settlement Class Member during the Class Period. The respective Compensable Work Weeks for each Settlement Class Member will be divided by the total Compensable Work Weeks for all Settlement Class Members, resulting in the Payment Ratio for each Settlement Class Member. Each Settlement Class Member’s Payment Ratio will then be multiplied by the Net Settlement Amount to calculate each Settlement Class Member’s estimated Individual Settlement Payments.
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Calculation of Individual Settlement Payments. Each of the Settlement Class Members will be allocated a share of the NSF on a pro rata basis (the “Individual Settlement Payments”) based on their number of hours worked during the Settlement Class Period up to the end of the payroll period that includes November 3, 2019 (the “Calculation Period”), as reflected in Defendant’s payroll records. The share of the NSF for each Settlement Class Member shall be calculated by multiplying the NSF by a fraction, the numerator of which is the total number of such hours worked by the Settlement Class Member during the Calculation Period and the denominator of which is the total number of such hours worked by all of the Settlement Class Members during the Calculation Period. Such amounts shall be calculated by Defendant from its records and set forth on the Class List (as defined below).
Sample 1
Calculation of Individual Settlement Payments. Individual Settlement Payments shall be based on a pro rata percentage of the Net Settlement Amount as applied to each Settlement Class Member Household’s corresponding security deposit charges (not including deductions for rent or utilities). For example: If the total of all applicable security deposit charges to Settlement Class Members were $1,500,000, and the Net Settlement Amount were $750,000, a Settlement Class Member who had been charged $500.00 in applicable security deposit charges would receive a pro rata payment equal to 50% of what they had paid, which in this example would amount to $250.00. No payments shall be made to any Plaintiffs until after the Court orders final approval of the Settlement, and after all claims have been received and approved for payment. The Settlement Administrator shall determine appropriate payment amounts based upon security deposit deductions to individual tenants on a pro rata basis, and will make the proper payments from the Qualified Settlement Fund. If there are any timely submitted Requests for Exclusion, the Settlement Administrator shall proportionately increase the Individual Settlement Payments for each Settlement Class Member Household. Payments to class members shall be made by check sent via U.S. Mail, and the checks will remain valid for 120 days from the date of mailing; thereafter, any uncashed checks shall be void. The Settlement Administrator shall reconcile uncashed settlement checks by first attempting to locate corresponding Class Member Households via skip trace, and, if unsuccessful, redistributing the funds to other Class Member Households pursuant to the same pro-rata formula. After this redistribution to Class Member Households, any residual, unclaimed and/or abandoned class member funds (plus any interest that has accrued thereon), shall then be distributed pursuant to Code of Civil Procedure §384 to TENANTS TOGETHER (a California tenant advocacy organization), so that the entirety of the Net Settlement Amount is distributed.
Sample 1
Calculation of Individual Settlement Payments. The Claims Administrator shallcalculate 12 Individual Settlement Payments by adding the individual Net Settlement Amount and individual PAGA 13 Settlement Amount, if applicable:
Sample 1

Related to Calculation of Individual Settlement Payments

  • 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.

  • Settlement Payments On the first Business Day of each month ("Interest Settlement Date"), Collateral Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender's share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Collateral Agent will pay to such Lender, by wire transfer to such Lender's account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Chicago time on the next Business Day following the Interest Settlement Date, such Lender's share of interest and fees on each of the Loans. Such Lender's share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender's share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender's average Revolving Loan Commitment during such month, less (ii) the sum of (x) such Lender's average Daily Loan Balance of the Revolving Loans, plus (y) such Lender's Pro Rata Share of the average daily aggregate amount of Letter of Credit Reserve, in each case for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender's share of all other fees paid to Collateral Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender's Commitment with respect to the Loans on which such fees are associated. To the extent Collateral Agent does not receive the total amount of any fee owing by Borrowers under this Agreement, each amount payable by Collateral Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. The Collateral Agent and the Lenders hereby acknowledge and agree that in no event shall the aggregate fee payments received by such Lenders pursuant to this subsection 9.8(A)(4) exceed the total amount of fees pursuant to subsection 2.3.

  • 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.

  • 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.

  • Determination of Rate of Interest and calculation of Interest Amounts The Agent will at or as soon as practicable after each time at which the Rate of Interest is to be determined, determine the Rate of Interest for the relevant Interest Period. The Agent will calculate the amount of interest (the Interest Amount) payable on the Floating Rate Notes for the relevant Interest Period by applying the Rate of Interest to:

  • 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.

  • Calculation of Interest The rate of interest on each Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

  • Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

  • 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.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

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