Funding of the Gross Settlement Amount. Defendants shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendants’ share of payroll taxes by transmitting the funds to the Administrator no later than 21 days after the Effective Date.
Funding of the Gross Settlement Amount. Within 15 business days of the Effective Date, Defendant shall transmit the Gross Settlement Amount to the Administrator.
Funding of the Gross Settlement Amount. The Gross Settlement Amount shall be paid by Defendants in ten (10) installments as follows: (1) the first installment in the amount of $100,000.00 shall be deposited with the Administrator within fifteen (15) calendar days of the Court’s final approval of this Settlement; (2) the second installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next full month following the first installment; (3) the third installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next month following the second installment; (4) the fourth installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next month following the third installment; (5) the fifth installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next month following the fourth installment; (6) the sixth installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next month following the fifth installment; (7) the seventh installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next month following the sixth installment; (8) the eighth installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next month following the seventh installment; (9) the ninth installment in the amount of $100,000.00 shall be deposited with the Administrator no later than the first of the next month following the eighth installment; and (10) the tenth installment in the amount of $100,000.00, less any amounts previously paid in relation to the class proof of claims filed in In re: Unified Protective Services, Inc., United States Bankruptcy Court Case No. 2:19- bk-16482-NB and any amount to be paid in connection with the class proof of claim in the matter of In re: Unified Security Services, Inc., United States Bankruptcy Court Case No. 2:21-bk-18392-NB pursuant to its Subchapter V Plan, shall be deposited with the Administrator no later than the first of the next month following the ninth installment.
Funding of the Gross Settlement Amount. Within twenty-one (21) calendar days of
Funding of the Gross Settlement Amount. No later than seven (7) calendar days after 26 the Effective Date, Defendant will deposit the Gross Settlement Amount into a Qualified Settlement 27 Fund (“QSF”) within the meaning of Treasury Regulation Section 1.468B-1, et seq., to be established 28 by the Settlement Administrator. Defendant shall provide all information necessary for the Settlement 1 Administrator to calculate necessary payroll taxes including its official name, 8-digit state 2 unemployment insurance tax ID number, and other information requested by the Settlement 3 Administrator, no later than seven (7) calendar days after the Effective Date.
Funding of the Gross Settlement Amount. In full settlement of the Released Class Claims and Released PAGA Claims and following the Effective Date, Defendant will transmit the Gross Settlement Amount of Four Million Seven Hundred Thousand Dollars ($4,700,000) into a Qualified Settlement Account to be established by the Settlement Administrator. Defendant will deposit one-half (1/2) of the Gross Settlement Amount in the sum of Two Million Three Hundred and Fifty Thousand Dollars ($2,350,000) within fifteen (15) business days of the Effective Date (“Initial Funding Date”). Defendant will deposit the remainder of the Gross Settlement Amount in the sum of Two Million Three Hundred and Fifty Thousand Dollars ($2,350,000) within ninety (90) days of the Initial Funding Date (“Second Funding Date”). Concurrently with its delivery of the remainder of the Gross Settlement Amount on the Second Funding Date, Defendant shall deliver its share of Withholdings and Taxes separately, as calculated by the Settlement Administrator based on the wage portion of the Individual Class Payments. The Gross Settlement Amount will be used for: (i) all Individual Settlement Payments; (ii) the PAGA Settlement Amount; (iii) all Class Representative Service Payments; (iv) Attorneys’ Fees and Costs; and (v)
Funding of the Gross Settlement Amount. Defendant shall fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant's share of payroll taxes as follows:
(1) $120,000 plus Defendant's share of payroll taxes within forty-five
(45) days of entry of the final approval order or by August 24, 2023, whichever is later, and (b) $100,000 within 12 months after the first payment in equal monthly installments of $8,333.33.
Funding of the Gross Settlement Amount. CertifiedSafety shall make a one- time deposit of the Gross Settlement Amount into a Qualified Settlement Account to be established by the Settlement Administrator. The funds in the Qualified Settlement Account shall be used to pay: (1) Individual Settlement Payments; (2) the Class Counsel Award; (3) the Class Representative Service Payments; (4) Settlement Administration Costs; and (5) the LWDA Payment. CertifiedSafety shall deposit the Gross Settlement Amount within fourteen (14) calendar days of the Effective Date. As set forth herein, one-third of each Individual Settlement Share shall be allocated as wages. CertifiedSafety shall separately pay all employer’s share of withholdings and taxes associated with the wage-portion of the Individual Settlement Shares, including but not limited to all required FICA and FUTA taxes on such amounts (“CertifiedSafety’s Payroll Taxes”). CertifiedSafety shall pay CertifiedSafety’s Payroll Taxes separately from, and in addition to, the Gross Settlement Amount. The Settlement Administrator shall calculate the employer share of taxes and provide CertifiedSafety with the total amount of CertifiedSafety’s Payroll Taxes within seven (7) calendar days of the Effective Date. CertifiedSafety shall deposit the amount of CertifiedSafety’s Payroll Taxes within fourteen (14) calendar days of the Effective Date.
Funding of the Gross Settlement Amount. Defendant shall transmit the Gross Settlement Amount to the Administrator on the Effective Date.
Funding of the Gross Settlement Amount. In full settlement of the Released Class Claims 11 and Released PAGA Claims and following the Effective Date, Defendant will make a one-time deposit of 12 the Gross Settlement Amount of Thirteen Million Nine Hundred Eighty-Five Thousand Dollars 13 ($13,985,000) into a Qualified Settlement Account to be established by the Settlement Administrator.
