Incentive Awards to Named Plaintiffs. The Parties acknowledge that the Named Plaintiffs must move the Court for approval of any incentive award to the Named Plaintiffs (the “Incentive Awards”) in recognition of their efforts and activities in furtherance of both the litigation and this Agreement. Each Named Plaintiff agrees they will not seek an Incentive Award of greater than $2,500. Defendants agree not to oppose a request by Named Plaintiffs for such Incentive Awards. Named Plaintiffs further agree that, in any event, Defendants will not be obligated to pay any Incentive Award in excess of $2,500 for each Named Plaintiff. Incentive Awards shall be payable to the Named Plaintiffs from the Cash Fund, if approved by the Court within five (5) calendar days after all of the following events have occurred: (a) the Final Settlement Date, and (b) each of the Named Plaintiffs have provided Defendants’ Counsel with a Form W-9 and payment instructions. The Parties represent that their negotiation of and agreement to the compensation paid to the Named Plaintiffs did not occur until after the substantive terms of this Agreement had been negotiated and agreed to in principle. No interest shall be paid on the Individual Awards.
Incentive Awards to Named Plaintiffs. Subject to approval by the Court, Named Plaintiffs Xxx Xxxxxxxx and Xxxx Xxxxxx, who were subject to extensive discovery, including review of medical records and deposition shall receive Incentive Awards of $25,000 each for their substantial contribution in the prosecution of this Lawsuit for the benefit of the Class. Named Plaintiff Xxxxxxx Xxxxx-XxXxxxxx shall receive an Incentive Award of $5,000 for her efforts in prosecuting the action for the benefit of the Class. And Named Plaintiff Xxxx Xxxxxx shall receive an Incentive Award of $2,500 for her efforts in prosecuting the Lawsuit on behalf of the Class. These payments are incentive payments intended to compensate the putative class representatives for bringing the Lawsuit, and in consideration of the time and effort they expended in prosecuting these class actions. The Parties agree that the Named Plaintiffs may submit claims as Settlement Class Members under the terms and provisions of this Settlement Agreement and the award of an incentive payment for service as a Named Plaintiff shall not in any way bar or limit their entitlement to seek recovery under this Settlement Agreement. Subject to Court approval, the Incentive Awards shall be paid within five (5) days of the Effective Date. Payments shall be made by the Settlement Administrator out of the Fund, by check, payable to the Named Plaintiffs, and sent by first-class mail to Class Counsel, Xxxxxxx & Warwick, P.A.
Incentive Awards to Named Plaintiffs. The Parties acknowledge that the Named Plaintiffs must move the Court for approval of any incentive award (the “Incentive Awards”) in recognition of their efforts and activities in furtherance of both the litigation and this Agreement. Each Named Plaintiff agrees they will not seek an Incentive Award of greater than $1,500.00. Defendants agree not to oppose a request by Named Plaintiffs for such Incentive Awards. Named Plaintiffs further agree that, in any event, Defendants will not be obligated to pay any Incentive Award in excess of
Incentive Awards to Named Plaintiffs. Plaintiff will make an application for incentive awards of up to $2,500.00 for each Representative Plaintiff, Xxxxxx Xxxxxxx and Xxxxxxxx Xxxxxxxx, for a total of up to $5,000.00 with such amount subject to Court approval. Representative Plaintiffs will not seek an amount greater than those amounts for this Litigation. Representative Plaintiffs’ incentive awards are to be paid from the Fund.
