HOW MUCH MONEY WILL I RECEIVE Sample Clauses

HOW MUCH MONEY WILL I RECEIVE. Based on Deliv’s records, you will receive a check of approximately $XX.XX. Because the applicable period at issue in this class action lawsuit covers periods before and after the California Supreme Court’s Dynamex decision, the settlement includes a Pre-Dynamex and Post-Dynamex settlement calculation. Your Individual Settlement Payments will be calculated and apportioned from the Net Settlement Amount based on the number of Pre-Dynamex and post-Dynamex Workweeks you worked based on Deliv’s records. Important definitions: • The Net Settlement Amount means the portion of the Class Settlement Amount remaining after deduction of the approved Class Representative Enhancement Payment ($10,000), Claims Administration Costs ($20,000), Labor and Workforce Development Agency Payment ($37,500), the Attorneys’ Fees ($222,250), and Costs ($40,000). • Pre-Dynamex workweeks are the number of weeks each Class Member worked between September 12, 2015 and April 30, 2018. • Post-Dynamex workweeks means the number of weeks each Class Member worked between May 1, 2018 and August 25, 2019. • This action also includes a demand for penalties under California Private Attorney General Act (“PAGA”). PAGA workweeks means the number of weeks each Class Member worked between September 12, 2018 through August 24, 2019 (“PAGA Period”). Specific calculations of Individual Settlement Payments will be made as follows:

HOW MUCH MONEY WILL I RECEIVE. If the Court approves the proposed Settlement, the members of the Settlement Class who do not exclude themselves from the Settlement will receive a “Settlement Class Member Payment” ranging from an estimated $4,317.15 to $22,895.11 (and $9,314.98 on average). The amount of each “Settlement Class Member Payment” is calculated as the pro rata share of the “Net Distributable Settlement Fund.” It is determined for each Settlement Class Member loan based on the sum of the following amounts:

HOW MUCH MONEY WILL I RECEIVE. Your share of the Net Settlement Amount is estimated to be $[INSERT AMOUNT]. This amount may increase or decrease based on a number of factors, including but not limited to how much the Court awards in attorneys’ fees and reasonable litigation expenses, and the number of individuals who ask to be excluded from the Class.

HOW MUCH MONEY WILL I RECEIVE. The specific amount paid to eligible Class Members will be proportional to the amount of their security deposit retained by Defendants for repair, cleaning, and maintenance charges. Precise amounts are unknown at this time, but our best estimate is that if every Class Member accepted their payment, class members would receive approximately 85.5% of the repair and cleaning deductions from their security deposits back. However, it is very rare in class actions for all class members to accept their payments, so the amount is likely to be larger. For apartments with more than one tenant (e.g., roommates), the settlement payment for the household will be divided equally between class members who can be identified and located. Any tenant may exclude himself or herself from the settlement, and his or her share will be deducted from the payment for the household. The remainder will be divided equally among the tenants participating in the settlement. For example, if you lived with another person, and a cash payment of $500.00 is owed for that apartment, then each of you would receive $250.00 unless you excluded yourselves from the settlement. If you believe that you have received an incorrect amount of money, contact the Settlement Administrator. The Settlement Administrator and counsel will attempt to resolve any issue. HOW WILL I RECEIVE MY MONEY? To receive your money, you do not need to do anything. Unless you exclude yourself from the settlement, you will automatically receive your cash payment and the debt relief described above. If you have moved from the address to which this notice is mailed, you should contact the Settlement Administrator to provide an updated address.