Net Settlement Distributed to Class Members Sample Clauses

Net Settlement Distributed to Class Members. After making the above deductions in amounts approved by the Court, the Administrator will distribute the rest of the Gross Settlement (the “Net Settlement”) by making Individual Class Payments to Participating Class Members based on their Class Period Workweeks.
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Net Settlement Distributed to Class Members. After making the above deductions in amounts approved by the Court, the Administrator will distribute the rest of the Gross Settlement to Class Members based on their Class Period Workweeks.
Sample 1
Net Settlement Distributed to Class Members. After making the above deductions in amounts approved by the Court, the Administrator will distribute the rest of the Gross Settlement (the “Net Settlement”) by making Individual Class Payments to Participating Class Members based on their Class Period Workweeks. Taxes Owed on Payments to Class Members. Plaintiffs and Defendant are asking the Court to approve an allocation of 20% of each Individual Class Payment to taxable wages (“Wage Portion”) and 80% to interest and penalties (“Non-Wage Portion”). The Wage Portion is subject to withholdings and will be reported on IRS W-2 Forms. The Individual PAGA Payments are counted as penalties rather than wages for tax purposes. The Administrator will report the Individual PAGA Payments and the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms.
Sample 1
Net Settlement Distributed to Class Members. After making the above deductions in 7 amounts approved by the Arbitrator, the Administrator will distribute the rest of the Gross Settlement 8 (the “Net Settlement”) by making Individual Class Payments to Participating Class Members based 9 on their Class Period Workweeks.
Sample 1
Net Settlement Distributed to Class Members. After making the above deductions in amounts approved by the Court, the Administrator will distribute the rest of the Gross
Sample 1
Net Settlement Distributed to Class Members. After making the above deductions in amounts approved by the Court, the Administrator will distribute the rest of the Gross Settlement (the “Net Settlement”) by making Individual Class Payments to Participating Class Members based on their Class Period Workweeks. As explained above, this Settlement will not fully pay out until December 2025. There will be a partial distribution in December 2024.
Sample 1
Net Settlement Distributed to Class Members. After making the above deductions in amounts approved by the Court, the Administrator will distribute the rest of the Gross Settlement (the “Net Settlement”) by making Individual Class Payments to Participating Class Members based on their Class Period Workweeks. Taxes Owed on Payments to Class Members. Plaintiff and Defendant are asking the Court to approve an allocation of twenty percent (20%) of each Individual Class Payment to taxable wages (“Wage Portion”) and eighty percent (80%) to non-wage statutory damages (“Non-Wage Portion.). The Wage Portion is subject to withholdings and will be reported on IRS W-2 Forms. Defendant will separately pay employer payroll taxes it owes on the Wage Portion. The Administrator will report the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms.
Sample 1
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Net Settlement Distributed to Class Members. After making the above deductions in the amounts approved by the Court, the Settlement Administrator will distribute the rest of the Gross Settlement (the “Net Settlement”) by making Individual Settlement Payments to Participating Settlement Class Members prorated based on their workweeks worked within the Class Period. Taxes Owed on Payments to Class Members. Plaintiffs and Peloton will ask the Court to approve an allocation of 35% of each Individual Settlement Payment to taxable wages (the “Wage Need to Promptly Cash Payment Checks. The front of every check issued for Individual Settlement Payments and/or Individual PAGA Payments (if applicable) will show the date when the check expires (the void date). The Parties have agreed that the void date will be 180 days from the date the check is issued. If you don’t cash your check by the void date, your check will be automatically cancelled and the money will go to the California Controller’s Unclaimed Property Fund. If the Court Denies Final Approval, the Proposed Settlement Will be Void. It is possible the Court will decline to grant Final Approval of the Settlement or decline to enter a Judgment. It is also possible the Court will enter a Judgment that is reversed on appeal. The Parties have agreed that if either of these occur, the Settlement will be void, meaning Peloton will not pay any money to Settlement Class Members, and Settlement Class Members will not release any claims against Peloton.
Sample 1

Related to Net Settlement Distributed to Class Members

  • Notice to Class Members 2.7.1 If, by entering the Preliminary Approval Order, the Court provides authorization to send the Class Notice to Class Members, Best Buy, through the Claims Administrator, will facilitate the mailing of the Class Notice to all Class Members at their Last Known Addresses. The Class Notice shall be mailed via first class mail through the United States Postal Service, postage pre-paid. 2.7.2 The Class Notice and its envelope or covering shall be marked to denote the return address of the Claims Administrator. 2.7.3 Within fourteen (14) days after the Court enters the Preliminary Approval Order, Best Buy shall provide the name and Last Known Address and the number of Closing Shifts worked for each Class Member to the Claims Administrator so that the Claims Administrator can process and mail the Class Notices. 2.7.4 Unless the Court orders otherwise in writing, each of the Notices shall be mailed to the Last Known Addresses of the Class Members no later than the Notice Mailing Deadline. 2.7.5 Part of the fees paid to the Claims Administrator shall include all costs of the mailing described in this Section 2.7, which shall be the fees charged by the Claims Administrator, the cost of the envelopes in which the Class Notice will be mailed, the cost of reproducing the Class Notice, and the cost of postage to send the Class Notice. The following Forms will be included with the Class Notice in this mailing: Change of Name and/or Address Information (Form A), Election to Opt Out of Settlement and Class Action (Form B), and Consent to Join Settlement and Claim Certification Form (C), all substantially in the form attached hereto. No other materials will be included in this mailing. 2.7.6 Unless the Claims Administrator receives a Class Notice returned from the United States Postal Service for reasons discussed below in this Section, that Class Notice shall be deemed mailed and received by the Class Member to whom it was sent five days (5) days after mailing.

  • 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 Paragraph 9 below, Defendant promises to pay $750,000.00 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 Paragraph 6.1 of this Agreement. 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.

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