Class Representative Incentive Awards Sample Clauses

Class Representative Incentive Awards. Within ten (10) days of the Court entering the Final Judgment and regardless of whether the Final Judgment is appealed, Defendants

Class Representative Incentive Awards. The Settlement Agreement contemplates the Court’s ability to approve Incentive Award payments to the Class Representatives not to exceed $200,000.00 as compensation for the Class Representatives’ time and effort undertaken in this Litigation in pursuing the interests of the Class for nearly six years. After reviewing the parties’ submissions in support of the Unopposed Motion, including declarations of counsel that detailed the extensive and time-consuming efforts of the Class Representatives in pressing the litigation forward to a successful result for the Class, the Court approves the Incentive Award payments. In making the decision to approve the Incentive Award payments, the Court considers the actions Plaintiffs have taken to protect the interests of the Class, the degree to which the Class has benefited from those actions, and the amount of time and effort each of the Plaintiffs have expended in pursuing the litigation. Xxxxxxxx x. United Way of Texas Gulf Coast, 802 F. Supp.2d 847, 868 (S.D. Tex. 2011). The Court finds this case to be a prime example of a case where incentive payments may serve “to compensate class representatives for the services they provide and the named plaintiff is an essential ingredient[.]” Id. Plaintiffs’ submissions to date in support of approval of the Settlement demonstrate the unusually high degree of involvement the named representatives have had in this case in pursuing the greater good of an effective and beneficial resolution for all members of the Class. The Court finds that Incentive Awards are appropriate totaling $200,000.00 and to be divided evenly among the eight named Class Representatives: Xxxxx Xxxxxxxx; Xxxxx Xxxxxxxx; Xxxxxx Xxxxxxx; Xxxxxx Xxxxxxx; Xxxxx Xxxxxxx; Xxxxx Xxxxxxx; Xxxx Xxxxxxx; and

Class Representative Incentive Awards. The Settlement Administrator shall disburse to each Plaintiff the amount approved and awarded by the Superior Court as an incentive or service award within fourteen (14) calendar days after the Effective Date. These awards do not reflect wages and are therefore not taxable as wages. As such, the Settlement Administrator will issue an IRS Form 1099 to Plaintiffs to reflect the amount of the awards, provided they provide all necessary tax forms.