Payments to Illinois Participating Class Members Sample Clauses

Payments to Illinois Participating Class Members. Class Counsel shall distribute a total of $827,062.99 to Illinois Participating Class Members, which will be paid in accordance with the chart attached hereto as Exhibit E, by mailing a check to each Illinois Participating Class Member. Illinois 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). Should anyone exercise their right to opt out of the Illinois Settlement Class, Class Counsel shall not issue a check to such individual in any amount. 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 an Illinois 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 Illinois Participating Class Member. Illinois 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. Illinois 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. Illinois Participating Class Members will provide Class Counsel required tax forms prior to payment.
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Related to Payments to Illinois 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.

  • 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.

  • 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.

  • 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.

  • 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)

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • 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.

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