Payments to FLSA Participating Class Members Sample Clauses

Payments to FLSA Participating Class Members. Class Counsel shall distribute a total of $178,937.01 to FLSA Participating Class Members who are not also Illinois Participating Class Members, which will be paid in accordance with the formula underlying the chart attached hereto as Exhibit F, by mailing a check to each FLSA Participating Class Member. FLSA Participating Class Members shall receive a payment based on a calculation made by Class Counsel (the "Payment Calculation(s)"). In determining the Payment Calculation(s), Class Counsel took into account whether each Class Member was an Owner and if so, how long they were an Owner, as well as any other factors that Class Counsel, in their judgment, deemed relevant. Class Counsel assumes and accepts all responsibility and liability associated with the Payment Calculation(s). Settlement Payment checks shall remain valid and negotiable for 120 days from the date of their issuance and if not cashed within that time period shall become null and void by their terms and a FLSA Participating Class Member shall be prohibited from cashing such check after that time period with no right of reversion of such un-cashed check amounts to FLSA Participating Class Members, provided that Class Counsel will attempt to reissue a check to any Class Member who can be identified or located within one year, as provided in paragraph 59, infra. Class Counsel, subject to verification by CARS' counsel, will issue an IRS Form 1099 (identifying CARS as the payor) to each FLSA Participating Class Member. FLSA Participating Class Members acknowledge that Class Counsel must report to the IRS (as well as state and local taxing authorities where applicable) the payments made to them under this Agreement, and that it is plaintiffs’ individual responsibility to make tax payments on these amounts, if applicable. FLSA Participating Class Members shall be solely responsible for all tax liabilities, assessments and penalties, if any, relating to their personal tax obligations arising from receipt of part of the Settlement Payment. FLSA Participating Class Members will provide Class Counsel required tax forms prior to payment.
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Related to Payments to FLSA Participating Class Members

  • Participating Class Members The Administrator will send, by U.S. mail, a single check to every Participating Class Member (i.e., every Class Member who doesn’t opt-out) including those who also qualify as Aggrieved Employees. The single check will combine the Individual Class Payment and the Individual PAGA Payment.

  • Payments to Settlement Class Members (a) Defendant shall pay into the Escrow Account the amount of the Settlement Fund ($1,000,000.00), specified in Paragraph 1.33 of this Agreement, within sixty (60) days after Final Approval.

  • Instructions for Certification - Lower Tier Participants (Applicable to all subcontracts, purchase orders and other lower tier transactions requiring prior FHWA approval or estimated to cost $25,000 or more - 2 CFR Parts 180 and 1200)

  • Settlement Class Members “Settlement Class Members” shall mean all persons in the Class who do not exclude themselves pursuant to Section F, herein, and those who submit a Valid Claim.

  • Notice to Class Members 8.4.1 No later than three (3) business days after receipt of the Class Data, the Administrator shall notify Class Counsel that the list has been received and state the number of Class Members, PAGA Members, Workweeks, and Pay Periods in the Class Data.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Payment Allocation Subject to applicable law, your payments may be applied to what you owe the Credit Union in any manner the Credit Union chooses. However, in every case, in the event you make a payment in excess of the required minimum periodic payment, the Credit Union will allocate the excess amount first to the balance with the highest annual percentage rate and any remaining portion to the other balances in descending order based on applicable annual percentage rate.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Rollovers of Xxxx Elective Deferrals Xxxx elective deferrals distributed from a 401(k) cash or deferred arrangement, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan, may only be rolled into your Xxxx XXX.

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