Class Representative Incentive Award Sample Clauses

Class Representative Incentive Award. Plaintiff will request a Class Representative Incentive Award of $5,000.00 from the Gross Settlement Amount for Plaintiff s release of claims, his time and risks in prosecuting the Action, and his service to the Settlement Class. This award will be in addition to Plaintiff s Settlement Award as a Settlement Class member and shall be reported on an IRS Form 1099 by the Settlement Administrator. The Settlement Administrator will mail Plaintiff the Class Representative Incentive Award and issue Plaintiff an IRS Form 1099 when it mails the Settlement Awards to participating Settlement Class members.
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Class Representative Incentive Award. Class Counsel shall, in conjunction with the hearing on final approval of this Settlement Agreement, apply to the Court for Service Awards of $7,500 each for the Plaintiffs in accordance with Section II.B.2 above. Within thirty days of the Effective Date, the Settlement Administrator shall disburse to each Plaintiff from the Settlement Proceeds the amount approved and awarded by the Court as an incentive award. The Settlement Administrator shall report the Service Awards (on which there will be no tax withholding) on IRS Forms 1099 (marked “Other Income”).
Sample 1
Class Representative Incentive Award. Subject to Court approval, Plaintiff is entitled to $30,000, but no more, as an incentive award for her participation as Lawsuit class representative (“Class Representative Incentive Award”). Class Counsel shall petition for approval of the Class Representative Incentive Award at least thirty (30) days before the Final Approval Hearing, or such other date set by the
Sample 1
Class Representative Incentive Award. The Court further finds that an incentive award for Class Representative Xxxxxxxx Xxxxxxxxx in the amount of $10,000 is fair and reasonable, and the Court approves of the incentive award in this amount. The Court directs the Settlement Administrator to disburse this award to Xx. Xxxxxxxxx as provided in the Settlement Agreement.
Sample 1
Class Representative Incentive Award a. No later than fourteen (14) days before the Objection Deadline, the Settlement Class Representative and Class Counsel may make written application to the Court for an Incentive Award not to exceed the amount of five thousand dollars ($5,000.00 USD) to be paid to the Settlement Class Representative for his service as a class representative in the Action and the settlement. The Parties agree that the Court (and only the Court) shall determine the final amount, if any, of the Incentive Award. x. Xxxxxx agrees not to oppose any such application provided that it is in accord with the limitations set forth in this Section. c. The Incentive Award shall be paid out of the Settlement Fund. In the event the Incentive Award finally approved by the Court is less than five thousand dollars ($5,000.00), the difference between the amount requested and the amount awarded shall remain as part of the Settlement Fund. d. Subject to the terms and conditions of this Agreement, within five (5) calendar days after the Funding Date, and only in the event that the Court has approved an Incentive Award to the Named Plaintiff, the Settlement Administrator shall distribute from the Settlement Fund the amount of any Incentive Award. Said distribution shall be made as directed by Class Counsel. The Settlement Representative, through Class Counsel, shall provide a W-9 form to Eurton and the Settlement Administrator prior to payment.
Sample 1
Class Representative Incentive Award. Class Counsel may petition the Court for an incentive award of up to $5,000 for Plaintiff. The purpose of such award shall be to compensate the Plaintiff for efforts undertaken by him on behalf of the Class. Any incentive award made by the Court shall be paid within 30 days of the Effective Date.
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Class Representative Incentive Award. Class Counsel shall apply to the Court for a $5,000 incentive award to Plaintiff for her service as class representative. The Claims Administrator shall disburse to Plaintiff from the Settlement Trust the amount approved and awarded by the Court as an incentive award.
Sample 1
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Class Representative Incentive Award. 5.1 Class Counsel shall petition the Court for, and CVS shall not oppose, a Class Representative Incentive Award of no more than $2,500.00 to each of the Representative Plaintiffs (for a total of $5,000), in recognition of their multi-year efforts on behalf of the Settlement Class during the course of this hard-fought litigation. The Court’s award of any Class Representative Incentive Award shall be separate from its determination of whether to approve the Settlement as set forth in this Agreement. In the event the Court approves the Settlement, but it declines to award a Class Representative Incentive Award or awards a lesser amount than that requested by Class Counsel, the Settlement will nevertheless be binding on the Parties. If the Court declines to approve the Settlement, no Class Representative Incentive Award shall be paid. CVS shall pay such awards by wire transfer to Xxxxx LLP within sixty (60) days after the later of the Final Settlement Approval Date and the delivery to CVS of all payment routing information and tax I.D. number for each Representative Plaintiff. Payment by CVS of the Class Representative Incentive Award is separate from, and in addition to, the other relief afforded to the Settlement Class Members in this Agreement.
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Class Representative Incentive Award 
Sample 1

Related to Class Representative Incentive Award

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Annual Incentive Payment The Executive shall participate in the Company's Management Incentive Plan (or such alternative, successor, or replacement plan or program in which the Company's principal operating executives, other than the Chief Executive Officer, generally participate) and shall have a targeted incentive thereunder of not less than $240,000 per year; provided, however, that the Executive's actual incentive payment for any year shall be measured by the Company's performance against goals established for that year and that such performance may produce an incentive payment ranging from none to 200% of the targeted amount. The Executive's incentive payment for any year will be appropriately pro-rated to reflect a partial year of employment.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Award Distribution In the event Lessor accepts Lessee's offer to purchase the Leased Property, or to substitute a new property for the Leased Property, as described in clause (b) of Section 15.4, the entire Award shall belong to Lessee provided no event of default is continuing and Lessor agrees to assign to Lessee all of its rights thereto. In any other event, the entire Award shall belong to and be paid to Lessor, except that, if this Lease is terminated, and subject to the rights of the Facility Mortgagee, Lessee shall be entitled to receive from the Award, if and to the extent such Award specifically includes such items, the following: (a) A sum attributable to the Capital Additions for which Lessee would be entitled to reimbursement at the end of the Term pursuant to the provisions of Section 10.2(c) and the value, if any, of the leasehold interest of Lessee under this Lease; and (b) A sum attributable to Lessee's Personal Property and any reasonable removal and relocation costs included in the Award. If Lessee is required or elects to restore the Facility, Lessor agrees that, subject to the rights of the Facility Mortgagees, its portion of the Award shall be used for such restoration and it shall hold such portion of the Award in trust, for application to the cost of the restoration.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

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