Individual Settlement Share(s) Sample Clauses

Individual Settlement Share(s). The amount payable to each Participating Class Member under the terms of this Settlement Agreement. Class Members are not required to submit a claim form to receive their Individual Settlement Shares pursuant to this Agreement. Rather, Participating Class Members will receive an Individual Settlement Share automatically, without the return of a claim form.
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Individual Settlement Share(s). After deducting the Class Representative Payment, Settlement Class Counsel Fees Payment and Settlement Class Counsel Litigation Expenses Payment, payments to the LWDA, and the Settlement Administrator’s fees and expenses from the Gross Settlement Amount, each Settlement Class Member shall receive a share of the Net Settlement Amount, calculated as follows: i. The Settlement Administrator will calculate Individual Settlement Shares for Settlement Class Members based on the number of weeks each Settlement Class Member was employed as an Operator (and not out on a leave of absence) during the Class Period (“Work Weeks”), as reflected on Defendant’s internal records. The Settlement Administrator shall calculate each Settlement Class Member’s potential share of the Net Settlement Amount (i.e., the Settlement Class Member’s Individual Settlement Amount) by calculating the Settlement Class Member’s Work Weeks. The Individual Settlement Share allocation for each Settlement Class Member shall then be determined by dividing the total number of Work Weeks for the Settlement Class in aggregate into the amount of the Net Settlement Amount to arrive at a Per-Work Week Settlement Amount. The Individual Settlement Share for each Settlement Class Member shall be calculated by multiplying the Settlement Class Member’s Work Week by the Per-Work Week Settlement Share. The value of an Individual Settlement Share attributable to any Settlement Class Member who opts out shall be allocated and distributed to all Settlement Class Members (who did not opt out), on a pro rata basis. ii. Each Notice mailed to a Settlement Class Member will identify the number of Work Weeks that Defendant’s records indicate the individual Settlement Class Member was employed during the Class Period and estimate each Settlement Class Member’s pro rata share of the Net Settlement Fund. The Notice shall also include instruction for any Settlement Class Member who may want to dispute the information used to calculate his or her settlement share.
Sample 1
Individual Settlement Share(s). The Administrator will by divide the final Net Settlement Amount by the total number of Workweeks worked by all Class Members to yield the "Estimated Workweek Value," and multiply each Class Member's individual Workweeks by the Estimated Workweek Value to yield his or her estimated Individual Settlement Share.
Sample 1
Individual Settlement Share(s). The amount payable to each Participating Class Member from the Net Settlement Amount under the terms of this Agreement.
Sample 1

Related to Individual Settlement Share(s)

  • The Settlement Fund 37. Releasors shall look solely to the Settlement Fund for settlement and satisfaction of all Released Claims against the DENSO Defendants and the Releasees, and shall have no other recovery against the DENSO Defendants or any other Releasee for any Released Claims.

  • 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.

  • 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.

  • 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 30 days after the Effective Date.

  • Early Redemption and Exercise of Options 10.01 If the Issuer intends (other than consequent upon an Issuer Event of Default) to redeem all or any of the Covered Bonds prior to their stated maturity date or to exercise any other option under the Conditions, it shall, not less than 14 days prior to the latest date for the publication of the notice of redemption or of exercise of the Issuer’s option required to be given to the Holders of any Covered Bonds, give written notice of such intention to the Bond Trustee and the Issuing and Paying Agent or, in the case of Registered Covered Bonds, the Registrar (copied to the Issuing and Paying Agent) stating the date on which such Covered Bonds are to be redeemed or such option is to be exercised.

  • Final Settlement The Parties agree and acknowledge that this Compromise Agreement shall constitute a final settlement between the Parties. This Compromise Agreement resolves only issues addressed in the Compromise Agreement.

  • Goal Setting a. Defining goals

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