Individual Settlement Payment Clause Samples

Individual Settlement Payment. The amount due to each Participating Settlement Class Member from the Net Settlement Amount based on each Participating Settlement Class Member’s share as per calculations herein, prior to any deductions for employee-side payroll and other applicable taxes and fees.

Individual Settlement Payment. “Individual Settlement Payment” refers to the 4 total amount paid to each individual as a Settlement Class Member.

Individual Settlement Payment. The payment by Defendants to Plaintiff in accordance with the separate individual settlement agreement entered into between the Parties totaling $20,000 regarding her claims of retaliation, wrongful termination, and other related claims.

Individual Settlement Payment. In exchange for the dismissal of the action with prejudice and the releases described below, Defendant agrees to make a total payment to Plaintiff ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ of Thirty Thousand Dollars and Zero Cents ($30,000.00). This is comprised of $10,000 as a Service Award for ▇▇. ▇▇▇▇▇▇▇’▇ service to the class and $20,000 as an individual settlement for his non-class claims and in exchange for the general release of any and all claims that only ▇▇. ▇▇▇▇▇▇▇ will provide to Defendant; and

Individual Settlement Payment. 4 Each Class Member’s share of the Net Settlement Amount, which shall be 5 distributed to the Class Members, less employee portions of state and federal withholding taxes, 6 including the employee FICA, FUTA and SDI contributions and any other applicable payroll 7 deductions required by law as a result of the payment of the amount allocated to such Class 8 Member as set forth herein.

Individual Settlement Payment. Subject to the terms and conditions of this Agreement, the Settlement Administrator will pay an Individual Settlement Payment from the Net Settlement Amount to each Class Member who does not submit a timely and valid Election Not to Participate in Settlement. (i.e., Participating Class Members).