Calculation of Settlement Payments. Payments to Authorized Former Participants and Current Participants shall be calculated by the Settlement Administrator in accordance with the Plan of Allocation as follows:
Calculation of Settlement Payments. 6.2.1 Upon determining the Net Settlement Amount in accordance with the preceeding sections, the Settlement Administrator shall divide the Net Settlement Amount into 24 equal Quarterly Settlement Allocations.
Calculation of Settlement Payments. Payments to Class Members shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows:
Calculation of Settlement Payments. Each Settlement Class Member’s share of the Net Settlement Amount shall be based upon his or her “Compensable Workweeks,” or the total number of workweeks worked by each respective Settlement Class Member as nonexempt hourly employee as a laborer or operator, from March 27, 2016 to November 24, 2021 (“Class Period”). The individual Settlement Payment for each Settlement Class Member shall be calculated as follows: Defendants Kellytoy, (USA), Inc., Xxxxxxxx Xxxxx, and Kellytoy Worldwide, Inc. (“Defendants”) shall provide the Settlement Administrator with the Compensable Workweeks for each Settlement Class Member; the Settlement Administrator shall then divide the total number of weeks worked by all Settlement Class Members as non-exempt employees in California during the Class Period (“Workweeks”), multiplied by the number of Workweeks worked by that Settlement Class Member. Workweeks will be calculated by Defendants based on time and pay records, Any calendar week that a Settlement Class Member worked at least one day will be considered a Workweek. This calculation yields the amount of the Settlement Class Member’s “Individual Settlement Payment.” The Individual Settlement Payment will then be reduced by any required legal deductions and/or payroll withholdings.
Calculation of Settlement Payments. 6.2.1 The Plan will provide the Settlement Administrator with data reflecting the differential between potential earnings that could have been deferred to the Plan by each Class Member, based on their deferral elections and funds available to them after other deductions were made, if credit card tipped earnings had been available for deferral (“Potential Deferral”) and the amount actually deferred by the Class Member during each pay period in the Class Period (“Actual Deferral”). The difference between the Potential Deferral and the Actual Deferral is referred to as the Delta.
Calculation of Settlement Payments. Class Counsel shall calculate the Settlement Payment to be allocated to each Settlement Class Member, regardless of whether such Settlement Class Member submits a Claim Form or an Opt-Out Request. Potential Settlement Payments will be calculated using the payroll records of the Settlement Class Members. Each potential Settlement Payment will constitute that Settlement Class Member’s pro rata share of the Net Settlement Amount based on the number of weeks the Settlement Class Member worked as an MWD Field Specialist and/or MWD Field Engineer and was paid a salary and day rate and their rate of pay during those weeks from November 22, 2013 through November 26, 2016.
Calculation of Settlement Payments. The Net Settlement Fund shall be distributed to all Eligible Class Members, with each such member being entitled to an individual award representing that member’s pro rata share. The Administrator shall calculate each Eligible Class Member’s estimated gross payment from the Net Settlement Fund (“Estimated Payment Amount”) using the following formula:
Calculation of Settlement Payments a. Settlement Class Members may submit a claim for a standard payment amount, which shall entitle them to an equal share of the Settlement Fund, after deduction for Attorneys’ Fees and Expenses, Settlement Administration Expenses, Service Awards, and subject to claims paid pursuant to paragraphs (c) and (d) below, for each temporal period (as identified on the Claim Form) they resided in the Class Area during the Class Period. If a Settlement Class Member resided in the Class Area for any portion of a temporal period (as identified on the Claim Form), they are considered to have resided in the Class Area for that temporal period.
