HOW ARE THE INDIVIDUAL SETTLEMENT PAYMENTS CALCULATED. Individual Settlement Payments are calculated using a “points” system as follows: (a) For each hour worked by a Class Member outside of California before October 21, 2017 but within the applicable Covered Period, assign each such Class Member one (1) point for each such hour, as consideration for settling state law breach of contract claims; (b) For each hour worked by a Class Member in California between October 21, 2016, and October 21, 2017, in a Snow Position during the applicable Covered Period, assign each such Class Member thirty (30) points for each such hour; for each hour worked by a Class Member in California between October 21, 2016, and October 21, 2017, in a Non- Snow Position during the applicable Covered Period, assign each such Class Member fifteen (15) points for each such hour, as consideration for settling state law breach of contract claims and unfair competition claims; (c) For each hour worked by a Class Member in California between October 21, 2017, and December 15, 2021, or in Colorado between October 21, 2017, and October 23, 2021, in a Snow Position during the applicable Covered Period, assign each such Class Member sixty (60) points for each such hour; for each hour worked by a Class Member in California between October 21, 2017, and December 15, 2021, or in Colorado between October 21, 2017, and October 23, 2021, in a Non-Snow Position during the applicable Covered Period, assign each such Class Member thirty (30) points for each such hour; for each hour worked by a Class Member outside of California or Colorado between October 21, 2017, and October 23, 2021, in a Snow Position during the applicable Covered Period, assign each such Class Member thirty (30) points for each such hour; for each hour worked by a Class Member outside of California or Colorado between October 21, 2017, and October 23, 2021, in a Non-Snow Position during the applicable Covered Period, assign each such Class Member fifteen (15) points for each such hour, as consideration for settling their state law claims and federal Fair Labor Standards Act (FLSA) claims; (d) Add all points for all Class Members together to obtain the “Denominator”; (e) Divide the number of points for each Class Member by the Denominator to obtain each Class Member’s “Payment Ratio”; (f) Multiply each Class Member’s Payment Ratio by the Net Settlement Amount to determine his or her Individual Settlement Payment. Fifty percent (50%) of each Individual Settlement Payment shall be to se...

HOW ARE THE INDIVIDUAL SETTLEMENT PAYMENTS CALCULATED. Payments to the California Class Members will be calculated on the basis of the number of weeks of employment as a California Class Member as reflected by Mistras’s corporate and business records, not including leaves of absence. The Individual Settlement Payments for the Claimants in the Class will be calculated by multiplying 65% of the Net Settlement Amount by each California Class Member’s Class Percentage Share. “

HOW ARE THE INDIVIDUAL SETTLEMENT PAYMENTS CALCULATED. Payments to the FLSA Class Members will be calculated on the basis of the number of weeks of employment as a FLSA Class Member as reflected by Mistras’s corporate and business records, not including leaves of absence. The Individual Settlement Payments for the Claimants in the FLSA Class will be calculated by multiplying 35% of the Net Settlement Amount by each FLSA Class Member’s FLSA Percentage Share. “

Related to HOW ARE THE INDIVIDUAL SETTLEMENT PAYMENTS CALCULATED

Full Settlement; Mitigation The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the Executive or others, provided that nothing herein shall preclude the Company from separately pursuing recovery from the Executive based on any such claim. In no event shall the Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts (including amounts for damages for breach) payable to the Executive under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not the Executive obtains other employment.
Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.
Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.
Settlement Payments On the first Business Day of each month (“Interest Settlement Date”), Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender’s share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Agent will pay to such Lender, by wire transfer to such Lender’s account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Toronto time on the next Business Day following the Interest Settlement Date, such Lender’s share of interest and fees on each of the Loans. Such Lender’s share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender’s share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender’s average Revolving Loan Commitment during such month, less such Lender’s average Daily Loan Balance of the Revolving Loan for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender’s share of all other fees paid to Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender’s Commitment with respect to the Loans on which such fees are associated. To the extent Agent does not receive the total amount of any fee owing by Borrower under this Agreement, each amount payable by Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. Any funds disbursed or received by Agent pursuant to this Agreement, including, without limitation, under subsections 9.7, 9.8(A)(1), and 9.9, prior to the Settlement Date for such disbursement or payment shall be deemed advances or remittances by GE Canada Finance, in its capacity as a Lender, for purposes of calculating interest and fees pursuant to this subsection 9.8(A)(4).
Up-Front Payment At all times during the Effective Period other than those periods for which payment of all Billed Amounts is By Invoice, Customer shall maintain on file with 8x8 or the billing 8x8 Affiliate (as applicable) complete, accurate, and up-to-date information for at least one valid, working credit card or Customer account (sufficient to permit ACH withdrawals). Payment of all Billed Amounts – other than those for which 8x8 has agreed to payment By Invoice – shall be by charge to such credit card(s) or by ACH withdrawal from such account(s), at or near time of billing, and Customer hereby authorizes 8x8 to make such charges or withdrawals. Where payment is by such charge or withdrawal, (a) 8x8 shall post a statement of the Billed Amounts in the relevant account at or near the time of the first attempted charge or withdrawal and shall thereafter make commercially reasonable efforts to notify Customer by email and/or telephone if the charge or withdrawal is not successful and (b) Billed Amounts shall be due within fourteen (14) days of such posting.
Actual Settlement Date Accounting With respect to any sale or purchase transaction that is not posted to the Account on the contractual settlement date as referred to in Section 2.5, Bank shall post the transaction on the date on which the cash or Financial Assets received as consideration for the transaction is actually received by Bank.
Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.
Settlement Method Election Date The third Scheduled Trading Day immediately preceding the First Expiration Date.
Payments of Post-Closing Adjustment Except as otherwise provided herein, any payment of the Post-Closing Adjustment, together with interest calculated as set forth below, shall (A) be due (x) within five (5) Business Days of acceptance of the applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five (5) Business Days of the resolution described in clause (v) above; and (B) be paid by wire transfer of immediately available funds to such account(s) as is directed by Buyer or Sellers, as the case may be.
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 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.

HOW ARE THE INDIVIDUAL SETTLEMENT PAYMENTS CALCULATED Sample Clauses

Filter & Search

Related Clauses

Parent Clauses

Related to HOW ARE THE INDIVIDUAL SETTLEMENT PAYMENTS CALCULATED