Net Settlement Amount. If the Non-Defaulting Party establishes an Early Termination Date, then the Non-Defaulting Party shall calculate its Gains or Losses and Costs resulting from the termination as of the Early Termination Date, in a Commercially Reasonable Manner. The Non-Defaulting Party shall aggregate such Gains or Losses and Costs with respect to the liquidation of the termination and any other amounts due under this Agreement and any other agreement between the Parties into a single net amount expressed in U.S. dollars (the “Net Settlement Amount”). The Non-Defaulting Party shall then notify the Defaulting Party of the Net Settlement Amount. The Defaulting Party shall pay the Non-Defaulting Party the full amount of the Net Settlement Amount within five (5) Business Days of delivery to the Defaulting Party of the notice of the Net Settlement Amount that the Defaulting Party is liable for.
Net Settlement Amount. The total amount of money available for payout to Participating Class Members, which is the Gross Settlement Amount less the Attorney Fee Award, the Cost Award, the Class Representative Enhancement Payment, Administration Costs, and the PAGA Payment. In other words, the Net Settlement Amount is the portion of the Gross Settlement Amount that will be distributed to Class Members who do not request exclusion from the Settlement.
Net Settlement Amount. “Net Settlement Amount” refers to the portion of the 16 Gross Settlement Amount that remains after accounting for any Service Payment, Administrative Costs, 17 and the Class Counsel Fees.
Net Settlement Amount. The “Net Settlement Amount” or “NSA” is the amount available for Distribution to Tribal Contractors after the Reserve Account and attorneys’ fees, costs, and other expenses have been deducted from the “Settlement Amount,” as provided in Section VIII.A, below.
Net Settlement Amount. The Net Settlement Amount will be used to satisfy Individual Settlement Payments to Class Members from the Settlement Class in accordance with the terms of this Settlement.
Net Settlement Amount. After deducting the amounts above, the balance of the Gross Settlement Amount will form the Net Settlement Amount for distribution to the Class Members who do not timely request exclusion from the Settlement. You can view the Settlement Agreement and other Court documents related to this case by visiting www .
Net Settlement Amount. The Net Settlement Amount will be determined by the Settlement Administrator by subtracting the Class Counsel Award, Class Representatives’ Enhancement Awards, Individual and LWDA PAGA Payments, and Settlement Administrator Costs from the Total Settlement Amount. The anticipated Net Settlement Amount is $1,716,666.67. The Parties estimate the amount of the Net Settlement Amount to be calculated as follows: Total Settlement Amount: $2,800,000.00 Requested Class Rep. Enhancement Award: $30,000 ($10,000 each) Requested Class Counsel Fees: $933,333.33 Requested Class Counsel Costs: $40,000.00 Individual PAGA Payments to PAGA Settlement Group Members $12,500 LWDA PAGA Payment: $37,500.00 Settlement Administrator Costs: $30,000.00 Net Settlement Amount $1,716,666.67 This is a non-reversionary Settlement in which Defendants will pay the entire Total Settlement Amount. No portion of the Total Settlement Amount will revert to Defendants. The employers’ share of payroll taxes and other required withholdings from Individual Settlement Payments, including but not limited to FICA and FUTA contributions, if applicable, shall be paid separately from, and in addition to, the Total Settlement Amount. Any award of less than the amounts requested for enhancements, administrative costs, litigation costs, or attorneys’ fees will be returned to the Net Settlement Amount and distributed to the Settlement Class.
Net Settlement Amount. The “Net Settlement Amount” is defined as the 16 Settlement Amount less attorneys’ fees and litigation costs as approved and awarded by the Court, 17 the Service Payment to Class Representatives as approved and awarded by the Court, the 18 Settlement Administration Costs, as approved and awarded by the Court, and the maximum of 19 Thirty Thousand Dollars ($30,000.00) allocated to payment for PAGA penalties as described in 20 Paragraph [42] below. In the event that the Court reduces the attorneys’ fees and litigation costs 21 or Service Awards, Settlement Administration Costs, or either increases or decreases the amount
Net Settlement Amount. Within ten (10) business days after the Effective Date, the Parties and the Settlement Administrator shall jointly determine the Net Settlement Amount due to Settlement Class Members by subtracting from the Settlement Amount, (i) the Approved Attorney Fees, Costs and Expenses and (ii) the Notice and Administrative Costs (“Net Settlement Amount”). The Parties and the Settlement Administrator shall also determine the specific portion of the Net Settlement Amount to be paid to each Settlement Class Member by dividing the Net Settlement Amount by the number of Class Members who did not opt-out (“Individual Awards”).
Net Settlement Amount. 1. If all Former Employee Class Members or their bankruptcy trustees submit valid Claim Forms, the Net Settlement Amount will be the Maximum Net Settlement Amount.
2. However, if a Former Employee Class Member or his bankruptcy trustee does not file a valid Claim Form, such Former Employee Class Member or his bankruptcy trustee will not be eligible to receive a Settlement Share, and the Settlement Share that would have been attributed to such Former Employee Class Member or his bankruptcy trustee will be deducted from the Maximum Net Settlement Amount. The amount remaining after those deductions will be the Net Settlement Amount; however, the Maximum Net Settlement Amount will not be reduced below the Minimum Net Settlement Amount.
3. To the extent that the Net Settlement Amount is less than the Maximum Net Settlement Amount, the difference will be retained by LoJack, and neither any Plaintiff, nor any Class Member, nor Class Counsel, nor any other third party will be eligible to claim all or any part of it.
