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Common use of Net Settlement Fund Clause in Contracts

Net Settlement Fund. “Net Settlement Fund” means the Gross Settlement Amount minus any amounts awarded by the Court to compensate for attorneys’ fees and costs, settlement administration costs, notice costs, Service Awards, or other similar purposes.

Appears in 1 contract

Samples: Joint Stipulation of Settlement and Release

Net Settlement Fund. “Net Settlement Fund” means the Gross Settlement Amount Fund minus any amounts awarded by the Court to compensate for Court-approved attorneys’ fees and costsexpenses, Court-approved Service Awards to the Named Plaintiffs, any taxes which the Settlement Administrator is required to pay on SEPTA’s behalf on W-2 settlement administration costsproceeds, notice costs, Service Awards, or other similar purposesand the Settlement Administrators fees and expenses.

Appears in 1 contract

Samples: Settlement Agreement

Net Settlement Fund. The “Net Settlement Fund” means is the balance of the Gross Settlement Amount minus any amounts awarded by the Court to compensate Fund after payments have been made for attorneys’ Court-approved attorney’s fees and costslitigation costs to Class Counsel, the Class Representative’s Enhancement Award, costs of settlement administration costsadministration, notice coststhe amount allocated to PAGA, Service Awards, or other similar purposesand True-Up Payments to class members who did not accept a Pick Up Stix payments from Defendants.

Appears in 1 contract

Samples: Settlement Agreement

Net Settlement Fund. The "Net Settlement Fund” means " is defined as the Gross Settlement Amount minus Fund less any amounts awarded Incentive Payments to Xxxxxx and Xxxxxxx as Class Representatives approved by the Court to compensate for and any award of attorneys' fees and costs, settlement administration costs, notice costs, Service Awards, or other similar purposescosts to Class Counsel approved by the Court.

Appears in 1 contract

Samples: Settlement Agreement

Net Settlement Fund. “Net Settlement Fund” means the Gross Settlement Amount Fund minus any amounts awarded by the Court to compensate for Arbitrator-approved attorneys’ fees and costsexpenses, settlement administration costsArbitrator-approved Service Awards to the Named Plaintiffs, notice costs, Service Awards, or other similar purposesand the Settlement Administrators fees and expenses.

Appears in 1 contract

Samples: Settlement Agreement