Calculation of Individual Settlement Shares Sample Clauses

Calculation of Individual Settlement Shares. Settlement Class Members’ respective Individual Settlement Shares will be calculated by the Settlement Administrator based on their respective number of Workweeks. Each Settlement Class Member shall be entitled to a percentage share of the Net Settlement Amount, calculated by dividing the number of Workweeks worked by the Settlement Class Member by the aggregate number of Workweeks worked by all Settlement Class Members, and multiplying the resulting percentage by the value of the Net Settlement Amount. Each Settlement Class Member’s Workweeks will be determined by reference to Defendant’s records, subject to the dispute process described above in sections 42 through 44 of this Agreement.
Sample 1
AutoNDA by SimpleDocs
Calculation of Individual Settlement Shares. The Settlement 3 Administrator will determine the total number of Workweeks for each Participating Class 4 Member and the total aggregated number of Workweeks worked by all Participating Class 5 Members during the Class Period. The Settlement Administrator will be provided with such 6 information, by Defendant, as is necessary to calculate each Participating Cl 7 Workweeks and the aggregated number of Workweeks. The amount that each Participating 8 Class Member will be eligible to receive will be calculated by dividing each Participating 9 articipating Class 10 Members, and multiplying the resulting fraction by the Net Settlement Amount.
Sample 1
Calculation of Individual Settlement Shares 
Sample 1

Related to Calculation of Individual Settlement Shares

  • 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.

  • 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.

  • 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.

  • THE SETTLEMENT CONSIDERATION 9. In consideration of the settlement of the Released Plaintiffs’ Claims against Defendants and the other Defendants’ Releasees, Defendants shall pay or cause to be paid the Settlement Amount into the Escrow Account no later than the later of (a) fifteen (15) business days after the date of entry by the Court of an order preliminarily approving this Settlement; and

  • Final Settlement The Parties agree and acknowledge that this Compromise Agreement shall constitute a final settlement between the Parties. This Compromise Agreement resolves only issues addressed in the Compromise Agreement.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

  • Full and Final Settlement 21.1 This agreement is in full and final settlement of all Union or employee claims relating to employee rights and entitlements. Accordingly, the Union or employees shall not pursue any extra claims, nor take any industrial or protest action concerning any matter explicitly or implicitly dealt with in this agreement.

  • 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:

  • 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:

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

Time is Money Join Law Insider Premium to draft better contracts faster.