Cash Payments to Class Members Sample Clauses

Cash Payments to Class Members. If the Court approves the Settlement, Defendant has agreed to create a $1,995,000 “Settlement Fund.” Class Counsel expect that each class member will receive a settlement payment of approximately $465 after all fees and costs are deducted. Agreement on Future Conduct: As part of the Settlement, Krishna Schaumburg Tan has agreed to destroy all biometric data collected from individuals in Illinois in its possession. Krishna Schaumburg Tan stopped using finger-scanning devices in March of 2016, but further agrees under the Settlement that, if it ever goes back to using biometric technology, it will comply with BIPA going forward by obtaining written releases from all Illinois customers who use biometric devices, making BIPA-required disclosures, destroying biometric data that it no longer needs, and establishing a publicly-available retention policy. How to Get Benefits
Sample 1
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Cash Payments to Class Members. If the Court approves the Settlement, Xxxxxxx has agreed to create a Settlement Fund of $665,600. Class Counsel expect that each class member will receive a settlement payment of approximately $800 after all fees and costs associated with this case are deducted. Agreement on Future Conduct: As part of the Settlement, Xxxxxxx has agreed that it will destroy the biometric data of all former Illinois resident drivers, to the extent it ever possessed any. To the extent it collects and/or retains individuals’ biometric data in the future, Xxxxxxx has also agreed to implement and maintain a consent and disclosure program related to biometric data going forward by obtaining written releases from all Illinois drivers whose biometric data it may collect, making all BIPA-required disclosures, destroying biometric data that it no longer needs, and maintaining a retention policy for biometric data on its website.
Sample 1
Cash Payments to Class Members. Hearst has agreed to create a $2.1 million Settlement Fund, from which Class Members who submit valid claims will receive cash payments. To get a payment, Class Members must submit a valid claim before the deadline of [claims deadline]. The amount Class Members will receive will depend on the total number of valid claims received and the number of calls they received. Class Members can receive up to $500 per call received. All un-cashed checks issued to Class Members and any unclaimed money in the Settlement Fund will be redistributed to the other Class Members with valid claims, up to $1,500 per call, if practical, or otherwise as directed by the Court.
Sample 1
Cash Payments to Class Members. A. Members of the Final Settlement Class are not required to submit a claim form to receive to a pro rata cash distribution payment from the Settlement Fund referred to as the “Settlement Share.” The Settlement Administrator will issue First-Round Checks to members of the Final Settlement Class during a first round of cash payments and may issue checks during subsequent rounds of payments pursuant to Section V.
Sample 1
Cash Payments to Class Members. If the Court approves the Settlement, Senior Lifestyle has agreed to create a Settlement Fund of $3,310,800. Class Counsel expect that each class member will receive a settlement payment of approximately $760 after all fees and costs are deducted. Agreement on Future Conduct: As part of the Settlement, Senior Lifestyle has agreed to maintain a consent and disclosure program related to biometric data, by obtaining written releases from all of its Illinois workers who use biometrics, making BIPA-required disclosures, destroying biometric data that it no longer needs, and maintaining a publicly-available retention and deletion policy. Senior Lifestyle has also agreed to destroy the fingerprint data collected from all former workers in Illinois.
Sample 1
Cash Payments to Class Members. If the Court approves the Settlement, BWAY has agreed to create a Settlement Fund of $1,563,750. Class Counsel expect that each class member will receive a settlement payment of approximately $790 after all fees and costs are deducted. Agreement on Future Conduct: As part of the Settlement, BWAY has agreed that it will destroy the biometric data of all former employees. BWAY has implemented a consent and disclosure program related to biometric data as of August 2018 and agrees to maintain that program going forward by obtaining written releases from all Illinois employees who use biometric time clocks, making BIPA-required disclosures, destroying biometric data that it no longer needs, and maintaining a retention policy.
Sample 1

Related to Cash Payments to Class Members

  • 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.

  • Settlement Class Members “Settlement Class Members” shall mean all persons in the Class who do not exclude themselves pursuant to Section F, herein, and those who submit a Valid Claim.

  • Notice to Class Members 8.4.1 No later than three (3) business days after receipt of the Class Data, the Administrator shall notify Class Counsel that the list has been received and state the number of Class Members, PAGA Members, Workweeks, and Pay Periods in the Class Data.

  • Settlement Class 2. Pursuant to Rule 23(e)(1)(B)(ii) of the Federal Rules of Civil Procedure, the Court preliminarily finds that the Court will likely find that the requirements of Federal Rules of Civil Procedure 23(a) and 23(b)(3) have been satisfied for settlement and judgment purposes only. As to the requirements of Rule 23(a) for settlement purposes only, (i) the Settlement Class provisionally certified herein likely exceeds 100,000 individuals, and joinder of all would be impracticable; (ii) there are questions of law and fact common to the Settlement Class; (iii) Class Representatives’ claims are typical of the claims of the Settlement Class they seek to represent for purposes of settlement; and (iv) Class Representatives are adequate representatives of the Settlement Class. As to the requirements of Rule 23(b)(3) for settlement purposes only, questions of law and fact common to the Settlement Class predominate over any questions affecting any individual Settlement Class Member, and a class action on behalf of the Settlement Class is superior to other available means of settling and disposing of this dispute.

  • Notice to Settlement Class Members 5.1 The Parties agree that the following Notice Program provides reasonable notice to the Settlement Class.

  • 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.

  • Settlement Class Certification The Settling Parties agree, for purposes of this settlement only, to the certification of the Settlement Class. If the settlement set forth in this Settlement Agreement is not approved by the Court, or if the Settlement Agreement is terminated or cancelled pursuant to the terms of this Settlement Agreement, this Settlement Agreement, and the certification of the Settlement Class provided for herein, will be vacated and the Litigation shall proceed as though the Settlement Class had never been certified, without prejudice to any Person’s or Settling Party’s position on the issue of class certification or any other issue. The Settling Parties’ agreement to the certification of the Settlement Class is also without prejudice to any position asserted by the Settling Parties in any other proceeding, case or action, as to which all of their rights are specifically preserved.

  • 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.

  • Participating Class Members The Administrator will send, by U.S. mail, a single check to every Participating Class Member (i.e., every Class Member who doesn’t opt-out) including those who also qualify as Aggrieved Employees. The single check will combine the Individual Class Payment and the Individual PAGA Payment.

  • 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.

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