PAGA Settlement Amount Sample Clauses

PAGA Settlement Amount. Subject to Court approval, the Parties agree that the PAGA 28 Settlement Amount will be designated for satisfaction of Plaintiffs’ PAGA claims. Pursuant to PAGA, 1 Seventy-Five Percent (75%) of the PAGA Settlement Amount will be paid to the LWDA and Twenty- 2 Five Percent (25%) of the PAGA Settlement Amount will be paid to PAGA Members in proportion to the 3 number of Pay Periods worked during the applicable PAGA Period, as reflected in Defendant’s records.
Sample 1
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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.
Sample 1
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.
Sample 1
PAGA Settlement Amount. The proposed Settlement provides for a payment of $180,000 for resolution of the PAGA claims alleged in the Action. Of that amount, 75% ($135,000) shall be paid to the Labor and Workforce Development Agency (“LWDA”) and 25% ($45,000) shall form the PAGA Fund to be distributed to PAGA Group Members. PAGA Group Members are drivers and helpers who were cleared to deliver RH merchandise on behalf of Third-Party Logistics Providers in California at any time during the PAGA Period (June 9, 2021 to [Insert Preliminary Approval Date]). All PAGA Members will receive a proportional share of the $45,000 PAGA Fund and be bound by the PAGA portion of the Settlement, regardless of whether they opt out of the class portion of the Settlement.
Sample 1
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

Related to PAGA Settlement Amount

  • Gross Settlement Amount Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $1,885,000 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.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Final Settlement The Parties agree and acknowledge that this Compromise Agreement shall constitute a final settlement between the Parties. This Compromise Agreement resolves only issues addressed in the Compromise Agreement.

  • The Settlement The Settlement was reached on May 11, 2018. Class Counsel filed this action on May 10, 2018. Over two years prior to the filing of this action, Class Counsel and Defendant’s Counsel conducted an adversarial informal discovery process. Class Counsel reviewed and analyzed thousands of pages of documents provided by Defendant and also reviewed many other documents, including U.S. Department of Labor Forms 5500 and other publicly available documents. The Parties participated in mediation before a nationally recognized mediator who has extensive experience in resolving similar claims involving other 401(k) plans. Only after six months of extensive arm’s length negotiation following the mediation were the parties able to agree to the terms of the Settlement. As part of the Settlement, a Qualified Settlement Fund of $17,000,000 will be established to resolve the Class Action. The Net Settlement Amount is $17,000,000 minus any Administrative Expenses, taxes, tax expenses, Court-approved Attorneys’ Fees and Costs, Class Representatives’ Compensation, and other approved expenses of the litigation. The Net Settlement Amount will be allocated to Class Members according to a Plan of Allocation to be approved by the Court. In addition to the monetary component of the Settlement, the Parties to the Settlement have agreed to certain additional terms: (1) During the first eighteen months (18) following the final approval of the Settlement, Defendant has agreed that the Plan’s fiduciaries will conduct a Request for Proposal (“RFP”) process for recordkeeping services to the Plan; (2) Within the first year following final approval of the Settlement, Defendant has agreed to publish a communication to then current Plan participants explaining the risks and benefits of the Plan’s money market fund investment option; (3) Defendant also will use an independent consultant familiar with fixed income investment options in defined contribution plans who will review the investment lineup and make recommendations to the Plan’s fiduciaries regarding whether to retain the money market fund and whether to add a stable value or comparable fund; (4) In addition, during the three- year Settlement period, Defendant has agreed to provide Class Counsel a list of the Plan’s investment options and fees; and (5) In considering investment options for the Plan, Defendant has agreed that the Plan’s fiduciaries will consider: (a) the lowest-cost share class available for any particular mutual fund considered for inclusion in the Plan as well as other criteria applicable to different share classes; (b) the availability of revenue sharing rebates on any share class available for any particular mutual fund considered for inclusion in the Plan; and (c) the availability of collective trusts, to the extent such investments are permissible and are otherwise identical to a particular mutual fund considered for inclusion in the Plan.

  • Agreement Amount The District shall pay ESD112 an amount of $1,170.00 for services provided under this Agreement as described in Section 1.1 above and Section 4 below.

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