Individual Settlement Share Sample Clauses

Individual Settlement Share. Subject to the terms and conditions of this Agreement, the Settlement Administrator will pay an Individual Settlement Share from the NSA to each Participating Class Member.
Individual Settlement Share. Subject to the terms and conditions of this 25 Agreement, the Settlement Administrator will distribute an Individual Settlement Share from the Net 26 Settlement Amount to each Participating Class Member. The submission of a claim form is not required 27 in order for a Participating Class Member to be paid their Individual Settlement Share. 28 ///
Individual Settlement Share. Subject to the terms and conditions of this Agreement, the Settlement Administrator will pay an Individual Settlement
Individual Settlement Share. Subject to the terms and conditions of this Agreement, the Settlement Administrator will pay an Individual Settlement Share from the Net Settlement Amount to each Participating Class Member. Each Participating Class Member’s gross Individual Settlement Share shall be determined based on the following formula: a. dividing the Net Settlement Amount by the total number of Workweeks worked by all Participating Class Members (“Individual Settlement Share Workweek Value”); b. multiplying the Individual Settlement Share Workweek Value by the total number of Workweeks worked by the Participating Class Member. The value of each Participating Class Member’s Individual Settlement Share ties directly to the amount of Workweeks that he or she worked. The gross amount of each Individual Settlement Share will be reduced by required withholding and deductions for employee taxes on the wage portion of the Individual Settlement Share on the terms set forth in this Joint Stipulation and Settlement Agreement. In no event shall the total Individual Settlement Shares paid to Participating Class Members exceed the Net Settlement Amount. If Workweek data is not available for any Participating Class Member, that Participating Class Member’s total Workweeks shall be calculated using some other reasonable basis, such as the first and last dates of employment with Defendant but excluding any leave or non-work periods exceeding three (3) consecutive days.
Individual Settlement Share. The amount payable to a Participating Class Member under the terms of this Agreement. U. LWDA: California Labor and Workforce Development Agency.
Individual Settlement Share. The employer share of payroll tax withholdings shall be paid separate from and in addition to the Gross Settlement Amount. Amounts allocated to Wage Statement Amount, Waiting Time Amount and PAGA Amount shall be reported on a Treasury Form 1099 issued by the Settlement Administrator.
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Related to Individual Settlement Share

  • Gross Settlement Amount Except as otherwise provided by Section H below, Defendant promises to pay $350,000 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Section D of this Settlement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

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