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Common use of Net Settlement Fund Clause in Contracts

Net Settlement Fund. “Net Settlement Fund” shall mean the remainder of the Settlement Fund after deductions for court-approved attorneys’ fees and costs as described in Section 3.6(A), court-approved service payments to Named Plaintiffs as described in Section 3.3, the Reserve/Training Costs Fund as described in Section 3.5, and settlement administration fees and costs, as described in Section 2.1.

Appears in 2 contracts

Samples: Settlement Agreement, Settlement Agreement

Net Settlement Fund. “Net Settlement Fund” shall mean means the remainder of the Maximum Settlement Fund Amount after deductions for courtfor: (i) Court-approved Settlement Claims Administrator’s fees and costs; (ii) Court-approved attorneys’ fees and costs as described in Section 3.6(A), courtfor Class Counsel; and (iii) a Court-approved service payments Service Award to Named Plaintiffs as described in Section 3.3, the Reserve/Training Costs Fund as described in Section 3.5, and settlement administration fees and costs, as described in Section 2.1Plaintiff.

Appears in 1 contract

Samples: Settlement Agreement

Net Settlement Fund. “Net Settlement Fund” shall mean the remainder of the Gross Settlement Fund Amount after deductions for courtfor: (1) Court-approved Claims Administrator’s fees and expenses; (2) Court-approved attorneys’ fees and costs as described in Section 3.6(A)fees, court-approved service payments to Named Plaintiffs as described in Section 3.3expenses, the Reserve/Training Costs Fund as described in Section 3.5, and settlement administration fees and costs, as described in Section 2.1including other professional fees, expenses, and costs; and (3) Court-approved Service Awards to certain Plaintiffs.

Appears in 1 contract

Samples: Settlement Agreement

Net Settlement Fund. “Net Settlement Fund” shall mean means the remainder of the Gross Settlement Fund Amount after deductions for court-for: (1) the Settlement Claim Administrator’s fees; (2) Court- approved attorneys’ fees and costs as described in Section 3.6(A), courtfor Class Counsel; (3) Court-approved service payments Service Awards to Named Plaintiffs as described in Section 3.3, return for a general release; and (4) the Reserve/Training Costs Fund as described in Section 3.5, and settlement administration fees and costs, as described in Section 2.1LWDA Payment.

Appears in 1 contract

Samples: Class Action Settlement Agreement

Net Settlement Fund. “Net Settlement Fund” shall mean means the remainder of the Gross Settlement Fund Amount after deductions for courtfor: (i) all settlement administration fees, costs, and expenses, including but not limited to, the Settlement Claim Administrator’s fees and costs and costs of all notices; (ii) Court-approved attorneys’ fees and costs as described in Section 3.6(A), court-for Class Counsel; (iii) Court- approved service payments Service Awards to Named Plaintiffs and Opt-in Plaintiff as described in Section 3.3, the Reserve/Training Costs Fund as described in Section 3.5, and settlement administration fees and costs, as described in Section 2.1.specified herein; and

Appears in 1 contract

Samples: Joint Stipulation of Settlement and Release

Net Settlement Fund. “Net Settlement Fund” shall mean the remainder of the Total Settlement Fund Amount after deductions for court-approved attorneys’ fees and costs as described in Section 3.6(A), court-approved service payments to Named Plaintiffs Service Awards as described in Section 3.3, ; costs of the Reserve/Training Costs Fund as described in Section 3.5, and settlement administration fees and costs, Settlement Administrator as described in Section 2.1; court• approved attorneys’ fees and out-of-pocket litigation expenses as described in Section 3.2; and a fund to cover errors and omissions.

Appears in 1 contract

Samples: Joint Stipulation of Settlement and Release

Net Settlement Fund. “Net Settlement Fund” shall mean means the remainder of the Gross Settlement Fund Amount after deductions for courtfor: (1) all Settlement Claims Administrator’s fees, costs, and expenses, including fees and costs associated with publication, distribution, and collection of Notice and Claim Forms; (2) Court-approved attorneys’ fees and costs as described in Section 3.6(A), courtfor Class Counsel; (3) Court-approved service payments Service Awards to the Named Plaintiffs as described in Section 3.3, specified herein; (4) penalties pursuant to the Reserve/Training Costs California Private Attorney General Act of 2004 (“PAGA penalties”); and (5) a $10,000.00 Reserve Fund as described in Section 3.5, and settlement administration fees and costs, as described in Section 2.13.1(E).

Appears in 1 contract

Samples: Joint Stipulation of Settlement and Release