PAGA Settlement Amount Sample Clauses

PAGA Settlement Amount. Subject to Court approval, the Parties agree that the PAGA Settlement Amount will be designated for satisfaction of Plaintiffs’ PAGA claims. Pursuant to PAGA, Seventy-Five Percent (75%) of the PAGA Settlement Amount will be paid to the LWDA and Twenty-Five Percent (25%) of the PAGA Settlement Amount will be paid to PAGA Employees in proportion to the number of Pay Periods worked during the applicable PAGA Period, as reflected in Defendant’s records.
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PAGA Settlement Amount. Forty thousand dollars ($40,000) (the “PAGA Settlement Amount”) of the Gross Settlement Fund shall be allocated to the Settlement of PAGA claims of the PAGA Representative Group. Pursuant to the PAGA, 75% of the PAGA Settlement Amount, or $30,000, shall be paid to the Labor & Workforce Development Agency (the “LWDA Payment”) and the remaining 25% ($10,000) shall be the Net PAGA Settlement Amount paid to the PAGA Representative Group.
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PAGA Settlement Amount. Plaintiffs shall seek approval from the Court for a 28 total payment of $180,000.00 for resolution of the PAGA claims alleged in the Action. 75% of 1 the PAGA Settlement Amount (equating to $135,000.00) shall be paid to the LWDA, and 25% of 2 the PAGA Settlement Amount (equating to $45,000.00) shall form the PAGA Fund to be paid to 3 PAGA Group Members in accordance with the Plan of Allocation set forth in Section 4.7, below.
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PAGA Settlement Amount. Subject to Court approval, the Parties agree that the amount 21 of One Hundred Thousand Dollars ($100,000) from the Gross Settlement Fund will be designated for 22 satisfaction of Plaintiffs’ and PAGA Employees’ PAGA claims. Pursuant to PAGA, Seventy-Five 23 Percent (75%), or Seventy-Five Thousand Dollars ($75,000), of this sum will be paid to the LWDA 24 and Twenty-Five Percent (25%), or Twenty-Five Thousand Dollars ($25,000), will be distributed on a 25 pro rata basis based on the number of Workweeks during the PAGA Period.
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PAGA Settlement Amount. The proposed Settlement provides for a payment of
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PAGA Settlement Amount. Under the PAGA, the State of California deputizes private attorneys general, such as Plaintiff Sierra Xxxxxx, to prosecute claims for civil penalties against employers for alleged violations of the Labor Code, and all aggrieved employees are entitled to share in 25% of the penalties that would otherwise be recoverable by the State if it directly prosecuted the alleged Labor Code violations. The Parties have agreed to allocate $200,000 (the “PAGA Settlement Amount”) of the Gross Settlement Amount to PAGA civil penalties to resolve PAGA claims on behalf of the State of California for Labor Code violations allegedly committed by LEGOLAND against individuals who were employed by LEGOLAND in the State of California in a non-exempt position at any time from July 23, 2020 through and including February 12, 2023 (“Affected Employees”). Pursuant to PAGA, 75% of the PAGA Settlement Amount (i.e., $150,000.00) will be paid to the California Labor & Workforce Development Agency and 25% of the PAGA Settlement Amount (i.e., $50,000.00) will be distributed to Affected Employees (regardless of whether they seek to be excluded from the class action aspects of the Settlement or have signed a severance agreement). Each Individual PAGA Payment will be calculated by dividing each individual Affected Employee’s total number of pay periods worked for LEGOLAND in a non-exempt position for at least one day during the period of July 23, 2020 through and including February 12, 2023 (the “PAGA Period”), by the total of all pay periods worked by all Affected Employees during the PAGA Period, and multiplying this result by the 25% portion of the PAGA Settlement Amount.
Sample 1
PAGA Settlement Amount. “PAGA Settlement Amount” means $180,000.00 or 17 such other amount approved by the Court, 75% of which is to be paid to the LWDA and 25% of 18 which is to form the PAGA Fund to be paid to PAGA Group Members as described in Section 19 4.7, below. The PAGA Settlement Amount is to be paid for resolution of the PAGA claims 20 alleged in the Action.
Sample 1
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PAGA Settlement Amount. Subject to Court approval, the Parties have agreed that Ninety Thousand Dollars ($90,000.00) of the Gross Settlement Amount will be allocated to the PAGA Settlement. Pursuant to PAGA, Seventy-Five Percent (75%), or Sixty-Seven Thousand Five Hundred Dollars ($67,500.00), of the PAGA Settlement Amount will be paid to the LWDA (“LWDA Payment”), and Twenty-Five Percent (25%), or Twenty-Two Thousand Five Dollars ($22,500.00) (“PAGA Fund”), of the PAGA Settlement Amount will be paid to the Aggrieved Employees. The entire PAGA Fund will be distributed to all Aggrieved Employees. No portion of the PAGA Settlement Amount will revert to or be retained by Defendant.
Sample 1

Related to PAGA Settlement Amount

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $300,000.00 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 4.3 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.

  • Cash Settlement If Cash Settlement is applicable to any Option exercised or deemed exercised hereunder, in lieu of Section 8.1 of the Equity Definitions, Dealer will pay to Counterparty, on the relevant Settlement Date for each such Option, an amount of cash (the “Cash Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for such Option, of (i) the Daily Option Value for such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period.

  • Payments from the Gross Settlement Amount Within 14 days after Defendants fund the Gross Settlement Amount, the Administrator will mail checks for all Individual Class Payments, all Individual PAGA Payments, the LWDA PAGA Payment, the Administration Expenses Payment, the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment, and the Class Representative Service Payment. Disbursement of the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment and the Class Representative Service Payment shall not precede disbursement of Individual Class Payments and Individual PAGA Payments. 4.4.1. The Administrator will issue checks for the Individual Class Payments and/or Individual PAGA Payments and send them to the Class Members via First Class U.S. Mail, postage prepaid. The face of each check shall prominently state the date (not less than 180 days after the date of mailing) when the check will be voided. The Administrator will cancel all checks not cashed by the void date. The Administrator will send checks for Individual Settlement Payments to all Participating Class Members (including those for whom Class Notice was returned undelivered). The Administrator will send checks for Individual PAGA Payments to all Aggrieved Employees including Non-Participating Class Members who qualify as Aggrieved Employees (including those for whom Class Notice was returned undelivered). The Administrator may send Participating Class Members a single check combining the Individual Class Payment and the Individual PAGA Payment. Before mailing any checks, the Settlement Administrator must update the recipients’ mailing addresses using the National Change of Address Database. 4.4.2. The Administrator must conduct a Class Member Address Search for all other Class Members whose checks are retuned undelivered without USPS forwarding address. Within 7 days of receiving a returned check the Administrator must re-mail checks to the USPS forwarding address provided or to an address ascertained through the Class Member Address Search. The Administrator need not take further steps to deliver checks to Class Members whose re-mailed checks are returned as undelivered. The Administrator shall promptly send a replacement check to any Class Member whose original check was lost or misplaced, requested by the Class Member prior to the void date. 4.4.3. For any Class Member whose Individual Class Payment check or Individual PAGA Payment check is uncashed and cancelled after the void date, the Administrator shall transmit the funds represented by such checks to the California Controller's Unclaimed Property Fund in the name of the Class Member thereby leaving no "unpaid residue" subject to the requirements of California Code of Civil Procedure Section 384, subd. (b). 4.4.4. The payment of Individual Class Payments and Individual PAGA Payments shall not obligate Defendants to confer any additional benefits or make any additional payments to Class Members (such as 401(k) contributions or bonuses) beyond those specified in this Agreement.

  • Net Share Settlement If Net Share Settlement is applicable to any Option exercised or deemed exercised hereunder, Dealer will deliver to Counterparty, on the relevant Settlement Date for each such Option, a number of Shares (the “Net Share Settlement Amount”) equal to the sum, for each Valid Day during the Settlement Averaging Period for each such Option, of (i) (a) the Daily Option Value for such Valid Day, divided by (b) the Relevant Price on such Valid Day, divided by (ii) the number of Valid Days in the Settlement Averaging Period; provided that in no event shall the Net Share Settlement Amount for any Option exceed a number of Shares equal to the Applicable Limit for such Option divided by the Applicable Limit Price on the Settlement Date for such Option. Dealer will pay cash in lieu of delivering any fractional Shares to be delivered with respect to any Net Share Settlement Amount valued at the Relevant Price for the last Valid Day of the Settlement Averaging Period.

  • Termination Settlement Upon the occurrence of any Acceleration Event, Dealer shall have the right to designate, upon at least one Scheduled Trading Day’s notice, any Scheduled Trading Day following such occurrence to be a Settlement Date hereunder (a “Termination Settlement Date”) to which Physical Settlement shall apply, and to select the number of Settlement Shares relating to such Termination Settlement Date; provided that (i) in the case of an Acceleration Event arising out of an Ownership Event, the number of Settlement Shares so designated by Dealer shall not exceed the number of Shares necessary to reduce the Share Amount to reasonably below the Post-Effective Limit and (ii) in the case of an Acceleration Event arising out of a Stock Borrow Event, the number of Settlement Shares so designated by Dealer shall not exceed the number of Shares as to which such Stock Borrow Event exists. If, upon designation of a Termination Settlement Date by Dealer pursuant to the preceding sentence, Counterparty fails to deliver the Settlement Shares relating to such Termination Settlement Date when due or otherwise fails to perform obligations within its control in respect of the Transaction, it shall be an Event of Default with respect to Counterparty and Section 6 of the Agreement shall apply. If an Acceleration Event occurs during an Unwind Period relating to a number of Settlement Shares to which Cash Settlement or Net Share Settlement applies, then on the Termination Settlement Date relating to such Acceleration Event, notwithstanding any election to the contrary by Counterparty, Cash Settlement or Net Share Settlement shall apply to the portion of the Settlement Shares relating to such Unwind Period as to which Dealer has unwound its hedge (assuming that Dealer has a commercially reasonable hedge and unwinds its hedge in a commercially reasonable manner) and Physical Settlement shall apply in respect of (x) the remainder (if any) of such Settlement Shares and (y) the Settlement Shares designated by Dealer in respect of such Termination Settlement Date. If an Acceleration Event occurs after Counterparty has designated a Settlement Date to which Physical Settlement applies but before the relevant Settlement Shares have been delivered to Dealer, then Dealer shall have the right to cancel such Settlement Date and designate a Termination Settlement Date in respect of such Shares pursuant to the first sentence hereof. Notwithstanding the foregoing, in the case of a Nationalization or Merger Event, if at the time of the related Relevant Settlement Date the Shares have changed into cash or any other property or the right to receive cash or any other property, the Calculation Agent shall adjust the nature of the Shares as it determines appropriate to account for such change such that the nature of the Shares is consistent with what shareholders receive in such event. If Dealer designates a Termination Settlement Date as a result of an Acceleration Event caused by an excess dividend of the type described in Paragraph 7(f)(ii), no adjustments(s) shall be made to the terms of this contract to account for the amount of such excess dividend.

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