Individual Settlement Payments Sample Clauses

Individual Settlement Payments. Individual Settlement Payments will be paid from the Net Settlement Fund and shall be paid pursuant to the settlement formula as follows: (i) First, using the Class Information, the Settlement Administrator will compute the total number of eligible workweeks of all Participating Class Members collectively during the Class Period; this sum shall be known as the workweek total; (ii) Second, the Settlement Administrator will divide the Net Settlement Amount by the workweek total to determine the settlement value for each eligible workweek (the “Workweek Value”); and (iii) Third, the Settlement Administrator will multiply the number of eligible workweeks of a Participating Settlement Class Member during the Class Period by the Workweek Value to determine that Settlement Class Member’s Individual Settlement Payment. Twenty-five percent (25%) of the Settlement Payment to each Participating Settlement Class Member shall be deemed payment for settlement of claims for wages and expenses and will be subject to appropriate deductions and withholdings calculated and made by the Settlement Administrator. Seventy-five percent (75%) of the Settlement Payment to each Participating Settlement Class Member shall be deemed payment for settlement of claims for penalties and interest and other non-wage payments not subject to withholdings. The portion of Individual Settlement Payments subject to required withholdings and deductions by the Settlement Administrator shall be reported on Form W-2 (and such other state or local tax reporting forms as may be required by law) with respect to the year of payment as wage income to the Settlement Class Member by the Settlement Administrator on behalf of the Qualified Settlement Fund. The Settlement Administrator shall issue I.R.S. Form 1099 if required for the portion of the Individual Settlement Payments allocated for settlement of claims for penalties and interest. Settlement Class Members and Class Counsel shall be solely responsible for the reporting and payment of their share of any federal, state, and/or local income tax or other tax or any other withholdings, if any, on any of the payments made pursuant to this Settlement. Defendants make no representation, and it is understood and agreed that Defendants have made no representation, as to the taxability to any Settlement Class Members of any portion of the Settlement Payments, the payment of any attorneys’ fees and expenses to Class Counsel, or the payment of the Class Representa...

Individual Settlement Payments. Individual Settlement Payments shall be paid from the Net Settlement Amount and shall be paid pursuant to the formula set forth herein. This is a non-reversionary, an all-in and all-inclusive, “checks mailed”, cash settlement. The Settlement Class Members shall not be required to submit a claim but shall have a pro rata share of the Net Settlement mailed to them upon approval by the Court.

Individual Settlement Payments. Each Settlement Class Member shall be entitled to one Individual Settlement Payment calculated in accordance with Section 5.2 above.

Individual Settlement Payments. Each Settlement Class Member, as long as 21 they meet the criteria for either Class Members Entitled to Autopay, and/or return a valid Claim Form, 22 shall be entitled to one Individual Settlement Payment consisting of a pro rata share of the Net Settlement 23 Amount, calculated as described below. Defendant’s records regarding the number of Class Members 24 shall control for purposes of calculation.

Individual Settlement Payments. Within fifteen (15) days of the last 9 date for Opt-Outs or Objections to be timely submitted in accordance with Section 5.04.a and

Individual Settlement Payments. Individual Settlement Payments will be paid from the Net Settlement Fund. Each Individual Settlement Payment will be reduced by any legally mandated deductions for employee-side payroll taxes or other required employee-side withholdings. The Administrator will issue the appropriate tax documents associated with the Individual Settlement Payments, including an IRS Form W-2. Individual Settlement Payments shall be divided into the Illinois Fund, New Mexico Fund, and Michigan Fund. Individual Settlement Payments shall be classified as 25% wages and 75% penalties and interest.

Individual Settlement Payments. Receiving and processing Workweek Disputes and rejecting timely or 14 improper Workweek Disputes;

Individual Settlement Payments. Each Settlement Class Member shall be 4 entitled to one Individual Settlement Payment consisting of a pro rata share of the Net Settlement 5 Amount, calculated as described below. Defendant’s records regarding the number of Class Members 6 shall control for purposes of calculation.

Individual Settlement Payments. ISPs shall be paid from the NSA and shall be paid pursuant to the following formula: i. Calculation of Individual Settlement Payments (“ISPs”). Using the Class Data, the Settlement Administrator will calculate the total Workweeks for all SCMs. The respective Workweeks for each SCM will be divided by the aggregate total Workweeks for all SCMs, resulting in the Payment Ratio for each individual SCM. Each SCM’s Payment Ratio will then be multiplied by the NSA to calculate each SCM’s estimated ISP. The ISP will be provided only to the individual SCM. Each ISP will be reduced by any legally mandated employee tax withholdings (e.g., employee payroll taxes, etc.). The ISP checks will include an endorsement confirming that by cashing the check, each SCM is releasing the Released Claims.