Individual Settlement Share Calculation Sample Clauses
Individual Settlement Share Calculation. Each Participating Class Member will receive a proportionate share of the Net Settlement Amount that is equal to: (i) the number of weeks he or she worked during the Class Period based on the Class List provided by Defendant, divided by (ii) the total number of weeks worked by any and all Participating Class Members collectively, during the Class Period based on the same Class List, which is then multiplied by the Net Settlement Amount. One day worked in a given week will be credited as a week for purposes of this calculation. Therefore, the value of each Participating Class Member’s Individual Settlement Share ties directly to the amount of weeks that he or she worked.
Individual Settlement Share Calculation. The Individual Settlement Share is calculated based on each Participating Class Member’s pro rata share of the Net Settlement Amount based on workweeks during the Class Period as follows: (i) the number of weeks he or she worked as a hourly-paid or non-exempt employee during the Class Period, divided by (ii) the total number of weeks worked by all Participating Class Members collectively during the Class Period, which is then multiplied by the Net Settlement Amount. The Settlement Administrator will use the Class Data to calculate the number of workweeks worked by each Class Member based on their dates of employment for purposes of this calculation.
Individual Settlement Share Calculation. The Settlement Administrator will pay each Participating Class Member according to his or her proportional share of the Net Settlement Amount, which will be equal to: (i) the number of workweeks the Participating Class Member worked during the Class Period, based on the Class Data provided by Defendant, (ii) divided by the total number of workweeks worked by any and all Participating Class Members collectively during the Class Period, based on the same Class Data, (iii) which is then multiplied by the Net Settlement Amount. One day worked in a given week will be credited as one workweek for purposes of this calculation. Therefore, the value of each Participating Class Member’s Individual Settlement Share ties directly to the number of workweeks the Participating Class Member worked during the Class Period.
Individual Settlement Share Calculation. Each Participating Class Member will receive a proportionate share of the Net Settlement Amount that is equal to (i) the number of weeks he or she worked for Defendant in California, in an hourly, non- exempt position, based on the Class Data provided by Defendant, divided by (ii) the total number of weeks worked by all Participating Class Members based on the same Class Data, which is then multiplied by the Net Settlement Amount. One day worked in a given week will be credited as a work week for purposes of this calculation. Therefore, the value of each Class Member’s Individual Settlement Share ties directly to the amount of weeks that he or she worked.
Individual Settlement Share Calculation. Each Participating Class Member will receive a proportionate share of the Net Settlement Amount that is equal to: (i) the number of weeks he or she worked as a hourly-paid non-exempt California employee of Vaco and assigned to Nihon Kohden during the Class Period based on the Class Data provided by Vaco; (ii) divided by the total number of weeks worked by any and all Participating Class Members during the Class Period based on the same Class Data; and (iii) multiplied by the Net Settlement Amount. One day worked in a given week will be credited as a week for purposes of this calculation. Therefore, the value of each Participating Class Member’s Individual Settlement Share is tied directly to the number of weeks he or she worked during the Class Period.
Individual Settlement Share Calculation. The Individual Settlement Share is calculated based on each Participating Class Member’s pro rata share of the Net Settlement Amount based on workweeks during the Class Period as follows: (i) the number of weeks he or she worked as a member of the Class during the Class Period, divided by (ii) the total number of weeks worked by all Class Members collectively during the Class Period, which is then multiplied by the Net Settlement Amount. If a Class Member opts out of the Settlement, his or her pro rata share of the Net Settlement Amount will flow back to the Net Settlement Amount and be distributed to the Participating Class Members on a pro rata basis. The Settlement Administrator will use the Class Data to calculate the number of workweeks worked by each Class Member based on their dates of employment for purposes of this calculation.
Individual Settlement Share Calculation. The Settlement Administrator will calculate Individual Settlement Shares by dividing the number of weeks each Class Member worked during the Class Period by the number of Work Weeks all Class Members worked during the Class Period and multiplying that number by the Net Settlement Amount.
Individual Settlement Share Calculation. The Individual Settlement Share is calculated based on each Participating Class Member’s pro rata share of the Net Settlement Amount based on workweeks during the Class Period as follows: (i) the number of
Individual Settlement Share Calculation. 2 a. After Preliminary Approval of the Settlement, the Settlement Administrator 3 will determine the Workweeks each Class Member worked during the Class Period, divide the Net 4 Settlement Amount by the Workweeks of all Class Members during the Class Period to yield the 5 “Estimated Workweek Value,” and multiply each Class Member’s individual Workweeks during the 6 Class Period by the Estimated Workweek Value to yield his or her estimated Individual Settlement Share 7 that he or she may be eligible to receive under the Class Settlement.
8 b. After Final Approval of the Settlement, the Settlement Administrator will 9 divide the final Net Settlement Amount by the Workweeks of all Participating Class Members during the 10 Class Period to yield the “Final Workweek Value,” and multiply each Participating Class Member’s 11 individual Workweeks during the Class Period by the Final Workweek Value to yield his or her
Individual Settlement Share Calculation. Each Participating Class Member will receive a proportionate share of the Net Settlement Amount that is equal to (i) the number of weeks he or she worked during the Released Period based on the Class Data provided by Defendant, divided by (ii) the total number of weeks worked by all Participating Class Members based on the same Class Data, (iii) which is then multiplied by the Net Settlement Amount. For purposes of these payments, a week worked shall be defined as any regular workweek in which the Class Member received wages for three or more calendar days (whether wages were paid for actually working those days or while on paid, approved vacation or sick leave). If any Class Member opts out of the Settlement, his or her share will be added to the Net Settlement Amount and the Individual Settlement Share Calculation will be recalculated.