Monetary Settlement Sample Clauses
Monetary Settlement. 13 In consideration of the Release set forth in section III.G. of this Stipulation and the 14 entry of Judgment on the claims of all Class Members, the Defendants will jointly pay the 15 sum of $1,025,000, within fifteen (15) days of the Effective Date of this settlement. Said 16 payment shall include all attorney’s fees and costs and shall be made payable to Xxxxxx 17 Xxxxxxxx, Attorney Client Trust Account, to be distributed to the Class Representatives, 18 Claimants and Class Counsel by that office as follows: 19 The four Class Representatives shall each receive $9,000; 20 Those Claimants who have submitted Approved Claims shall each receive an equal 21 part of $639,000; 22 Class Counsel shall receive $350,000 for attorneys’ fees and costs, including all 23 costs associated with the administration of the Class Settlement Fund, transmittal and 24 publication of the Class Notice of Settlement Agreement and Claim Forms, review and 25 approval of Claim Forms and payment of Approved Claims.
Monetary Settlement. The Employer agrees to pay any monetary settlement at the outcome of a Grievance on the next scheduled pay date.
Monetary Settlement. The Board shall implement the salary schedules attached hereto and designated Exhibits "A-1" effective September 1, 2022, and “A-2” effective September 1, 20.
Monetary Settlement. 60. Subject to approval by the Court, the total monetary consideration to be provided by Farmers pursuant to the Settlement shall be $15,000,000, inclusive of the amount paid to Settlement Class Members, any and all attorneys’ fees, costs and expenses awarded to Class Counsel, any Service Awards to the Class Representatives, all costs and expenses incurred by the Settlement Administrator and any cy pres payment.
61. Within 10 days of Preliminary Approval of the Settlement, Farmers shall deliver to the Settlement Administrator $500,000 from the Settlement Amount to be deposited in a Qualified Settlement Fund account for this matter at the Depository Bank. This amount is estimated to be necessary to pay for the Notice Program and administration of the Settlement by the Settlement Administrator.
62. Within 10 days of the Effective Xxxx Xxxxxxx shall deliver to the Settlement Administrator that portion of the Settlement Amount necessary to pay the Settlement Class Member Payments due to the Past Policy Holders and the attorneys’ fees and costs payable to Class Counsel, which amount shall be deposited in the Qualified Settlement Fund account for this matter at the Depository Bank maintained by the Settlement Administrator. The Settlement Administrator shall deliver such Settlement Class Member Payments to the Past Policy Holders in accordance with the Court’s Final Approval Order.
63. In order to reduce the costs of administration of the Settlement, Farmers shall retain that portion of the Settlement Amount that is allocated to Settlement Class Members who are Renewing Current Policy Holders, who will beginning on the Payment Date, at its own cost and expense, directly credit the Policies of those Renewing Current Policy Holder Settlement Class Members at the time of renewal of their Policies. At the conclusion of the renewal cycle, Farmers shall deliver to the Settlement Administrator that portion of the Settlement Amount necessary to satisfy the Settlement Class Member Payments due to the Non– Renewing Current Policyholders, whose payments will be then be delivered by the Settlement Administrator by paper check. Farmers shall report to the Court as to the status of all Settlement Class Member Payments made to Renewing Current Policy Holders on a semi-annual basis following the Payment Date.
Monetary Settlement. The Company agrees to pay any monetary settlements, as the outcome of a grievance, by separate cheque if the amount of the settlement is greater than one (1) day’s regular pay.
Monetary Settlement. 4.1. The monetary settlement will be paid by Vendor and a franchisee, pursuant to a separate agreement, in full compensation for attorneys’ fees and costs to Claimants’ Counsel for its work on this matter through the Effective Date and for user testing conducted by Claimants. Only upon receipt of monetary payment to Claimants’ Counsel and Claimants by Vendor and a franchisee will DineEquity be deemed to bear no responsibility for further payment to Claimants' Counsel, Claimants, or any other entity in relation with this matter.
Monetary Settlement. 3.1 The respondent agrees to pay the applicant the total amount of R ………………………………………………………………… by no later than …………………………………………...(date)
3.2 The amount in paragraph 3.1 is inclusive of statutory payments due to the applicant unless specifically excluded in terms of paragraph 4 below.
3.3 Case Number:
Monetary Settlement. In settlement of all claims alleged, Defendants will cause to be paid to a fund $2,300,000 (the “Maximum Settlement Amount”). The following sums will be paid from the Maximum Settlement Amount: (1) Class Counsel’s attorneys’ fees in an amount set by the Court not to exceed $805,000 and Class Counsel’s documented litigation costs in an amount set by the Court not to exceed $15,000; (3) a service payment to the Class Representative set by the court, not to exceed $10,000 for his service in the Action (“Service Payment”); and (4) a reasonable amount set by the Court to the settlement administrator for administering the settlement. The amount of the Maximum Settlement Amount remaining after deductions for items (1) through (4) above is the “Net Settlement Proceeds.”
Monetary Settlement. 1. The State shall pay the sum of thirty million dollars, to be paid in five equal annual payments commencing January 1, 2008. Further, the Parties agree that the Power Authority shall pay the sum of two million dollars per year for thirty-five years commencing within ninety days of the effective date of this settlement agreement. The payments shall be exempt from federal or state taxation.
2. None of the payments, funds, assets or distributions set forth herein and none of the interest earned or income received on the same shall be subject to levy, execution, forfeiture, garnishment, lien, encumbrance, or seizure. None of the payments, funds, assets or distributions set forth herein and none of the interest earned or income received on the same shall at any time be used as a basis for denying or reducing funds to the Akwesasne Mohawks under any Federal, State or local program nor shall the same be deemed to be taxable, and such transfers shall not be deemed taxable events.
Monetary Settlement. MBI shall pay Shionogi a total of eight million, five hundred thousand U.S. dollars ($8,500,000.00), payable via wire transfer of immediately available federal funds to an account specified by Shionogi, as follows:
a. Three million U.S. dollars ($3,000,000.00) before the close of the third business day following the complete execution of this Agreement by the Settlement Agreement and Mutual Release between Shionogi & Co., Ltd. and Molecular Biosystems, Inc. Parties and their counsel.
b. Two million U.S. dollars ($2,000,000.00) on or before September 10, 1997;
c. Two million U.S. dollars ($2,000,000.00) on or before September 10, 1998; and
d. One million five-hundred thousand U.S. dollars ($1,500,000.00) on or before September 10, 1999.