Individual Settlement Payments to Settlement Class Members Sample Clauses

Individual Settlement Payments to Settlement Class Members. Each 23 Settlement Class Members’ Individual Settlement Payment shall be calculated by dividing his or her 25 Shifts. This calculation will result in a percentage figure for each Settlement Class Member (the 26 “Percentage Figure”). The Percentage Figure will then be used to determine each Settlement Class 27 Member’s portion of the Net Settlement Amount by multiplying the Percentage Figure by the Net 28 Settlement Amount. Otherwise stated, the formula for a Settlement Class Member’s Individual Settlement 1 Payment is: (Settlement Class Member’s shifts ÷ Total Settlement Class Member Shifts) x Net Settlement
Sample 1
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Individual Settlement Payments to Settlement Class Members. (b) LWDA Payment 12 to the LWDA; (c) Enhancement Payments to Plaintiffs; and (d) Attorneys’ Fees and Costs to Class
Sample 1
Individual Settlement Payments to Settlement Class Members. The exact amount of attorneys’ fees, litigation costs, Class Representative service payments, settlement administration expenses, and the PAGA Settlement Amount will be determined by the Court at the Final Approval Hearing. The remaining portion of the Settlement Amount, the “Net Settlement Amount” or “NSA,” is estimated to be $ . The NSA will be paid to all Settlement Class Members who do not request to be excluded (“opt out”) of the Settlement. A claim form is not required. If the settlement is not approved by the Court or does not become final for some other reason, the litigation against Ecolab will continue.
Sample 1
Individual Settlement Payments to Settlement Class Members. The Settlement Administrator will calculate individual settlement payments from the Net Class Settlement Fund as set forth in this Paragraph. (Before calculating the Net Class Settlement Fund, the Settlement Administrator shall set aside the PAGA Settlement Fund, including the Provider Share of PAGA Settlement Fund.) The Net Class Settlement Fund will be divided by the aggregate number of days on which Settlement Class Members in California provided services booked through the Rover Platform during the Settlement Class Period to determine a per diem share. Each Settlement Class Member who qualifies for a payment shall receive the per diem share times the number of days he or she provided services booked through the Rover Platform in California during the Settlement Class Period (the “Class Qualified Days”).
Sample 1
Individual Settlement Payments to Settlement Class Members. (b) 27 Individual PAGA Payments to Aggrieved Employees; (c) LWDA Payment to the Labor 1 and Workforce Development Agency; (d) Incentive Award to the Class Representative; 2 (d) the Settlement Administration Costs to itself; and (e) Attorneys’ Xxxx and Costs to 3 Class Counsel. Defendant shall not be required to pay any additional monies beyond 4 the amount of the Gross Settlement Amount plus the Employer Taxes. Further, no 5 portion of the Gross Settlement Amount shall revert to Defendant, and any amount of 6 the Gross Settlement Amount not required to pay the above-referenced amounts shall 7 be paid to the Settlement Class Members on a pro rata basis according to the formula 8 contained herein.
Sample 1
Individual Settlement Payments to Settlement Class Members. (b) Enhancement Payment 18 to Plaintiff; (c) osts to Class Counsel; and (d) Settlement Administration Costs to 19 itself (the Settlement Administrator). The Settlement Administrator will also undertake filings and 20 remittances in connection with the 21 Settlement Shares and the Employer Taxes, that are necessary for administration of the Settlement.
Sample 1

Related to Individual Settlement Payments to Settlement Class Members

  • Payments to Settlement Class Members (a) Defendant shall pay into the Escrow Account the amount of the Settlement Fund ($1,000,000.00), specified in Paragraph 1.33 of this Agreement, within sixty (60) days after Final Approval.

  • Notice to Settlement Class Members 5.1 The Parties agree that the following Notice Program provides reasonable notice to the Settlement Class.

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Settlement Class Members “Settlement Class Members” shall mean all persons in the Class who do not exclude themselves pursuant to Section F, herein, and those who submit a Valid Claim.

  • Settlement Class 2. Pursuant to Rule 23(e)(1)(B)(ii) of the Federal Rules of Civil Procedure, the Court preliminarily finds that the Court will likely find that the requirements of Federal Rules of Civil Procedure 23(a) and 23(b)(3) have been satisfied for settlement and judgment purposes only. As to the requirements of Rule 23(a) for settlement purposes only, (i) the Settlement Class provisionally certified herein likely exceeds 100,000 individuals, and joinder of all would be impracticable; (ii) there are questions of law and fact common to the Settlement Class; (iii) Class Representatives’ claims are typical of the claims of the Settlement Class they seek to represent for purposes of settlement; and (iv) Class Representatives are adequate representatives of the Settlement Class. As to the requirements of Rule 23(b)(3) for settlement purposes only, questions of law and fact common to the Settlement Class predominate over any questions affecting any individual Settlement Class Member, and a class action on behalf of the Settlement Class is superior to other available means of settling and disposing of this dispute.

  • Settlement Payments On the first Business Day of each month ("Interest Settlement Date"), Collateral 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, Collateral 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. Chicago 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 (ii) the sum of (x) such Lender's average Daily Loan Balance of the Revolving Loans, plus (y) such Lender's Pro Rata Share of the average daily aggregate amount of Letter of Credit Reserve, in each case 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 Collateral 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 Collateral Agent does not receive the total amount of any fee owing by Borrowers under this Agreement, each amount payable by Collateral Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. The Collateral Agent and the Lenders hereby acknowledge and agree that in no event shall the aggregate fee payments received by such Lenders pursuant to this subsection 9.8(A)(4) exceed the total amount of fees pursuant to subsection 2.3.

  • 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, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. 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.

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

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