Payments under the Settlement Sample Clauses

Payments under the Settlement. In consideration of the mutual covenants and promises set forth herein, Defendants agree to make a total payment under this Agreement in an amount up to but not to exceed the Gross Settlement Amount of $2,100,000. In no event shall Defendants be required to pay any amount above the Gross Settlement Amount under this Settlement and this Agreement, except that Defendants shall pay Employer Taxes separate and in addition to the Gross Settlement Amount. The Gross Settlement Amount is subject to increase only as provided in Paragraph 42.f. The Parties agree that the Gross Settlement Amount will be paid by Defendants on a non-reversionary basis and no portion of the Gross Settlement Amount will revert to Defendants, unless the Settlement does not become final as provided for in Paragraph 56. The Parties agree, subject to Court approval, that the Gross Settlement Amount shall be apportioned as follows:
Sample 1
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Payments under the Settlement. In consideration of the mutual covenants and promises set forth herein, Defendant agrees to make a total payment under this Settlement Agreement in an amount up to, but not to exceed the Total Settlement Amount of Four Hundred Twenty-Five Thousand Dollars ($425,000.00). In no event shall Defendant be required to pay any amount above the Total Settlement Amount under this Settlement Agreement, except as otherwise agreed upon pursuant to Paragraph 53, and that the payment of employer’s share of payroll taxes and contributions in connection with the wages portion of the payouts to Settlement Class Members will be in addition to the Total Settlement Amount. The Parties agree that the Total Settlement Amount will be paid by Defendant on a non-reversionary basis and no portion of the Total Settlement Amount will revert to Defendant. The Parties further agree, subject to Court approval, that the Total Settlement Amount shall be apportioned as follows:
Sample 1
Payments under the Settlement. In consideration of the mutual covenants and promises 27 set forth herein, Defendants agree to make a total payment under this Agreement in an amount up to 28 but not to exceed the Gross Settlement Amount of $4,000,000. In no event shall Defendants be 1 required to pay any amount above the Gross Settlement Amount under this Settlement and this 2 Agreement. The Parties agree that the Gross Settlement Amount will be paid by Defendants on a non- 3 reversionary basis and no portion of the Gross Settlement Amount will revert to Defendants. The 4 Parties agree, subject to Court approval, that the Gross Settlement Amount shall be apportioned as 5 follows:
Sample 1
Payments under the Settlement. In consideration of the mutual covenants and 23 promises set forth herein, Xxxxxxxxx agrees to make a payment under this Settlement Agreement for 24 the Gross Settlement Amount of eight hundred thousand dollars ($800,000). The Gross Settlement 25 Amount is non-reversionary, subject to increase pursuant to Paragraph 52, and exclusive of 26 employer-side payroll taxes which shall be paid separately. The Parties further agree, subject to 27 Court approval, that the Gross Settlement Amount shall be apportioned as follows:
Sample 1
Payments under the Settlement. In consideration of the mutual covenants and 11 promises set forth herein, Xxxxxxxxx agrees to make a payment under this Settlement Agreement for 12 the Gross Settlement Amount of four hundred thousand dollars ($400,000), in two (2) equal 13 installments as follows: two hundred thousand dollars ($200,000) to be funded by Defendant within 14 (5) days of Preliminary Approval of the settlement, and the remaining two hundred thousand dollars 15 to be funded one (1) year thereafter (the “Settlement Installment Payments”). All payments from 16 the settlement, as noted below, will be proportionally distributed from each Settlement Installment 17 Payment, with each distribution to be made by the Settlement Administrator within ten (10) calendar 18 days from the date of receipt of each Settlement Installment Payment. The Gross Settlement Amount 19 is non-reversionary, and exclusive of employer-side payroll taxes which shall be paid separately. 20 The Parties further agree, subject to Court approval, that the Gross Settlement Amount shall be 21 apportioned as follows:
Sample 1

Related to Payments under the Settlement

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • EXCLUDING YOURSELF FROM THE SETTLEMENT If you are a Settlement Class Member and you want to keep any right you may have to sue or continue to sue the Defendant and Released Parties on your own based on the legal claims raised in this lawsuit or released by the Released Claims, then you must take steps to get out of the Settlement. This is called excluding yourself from – or “opting-out” of – the Settlement.

  • Losses Under the Stated Threshold After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate. If the total Monthly Shared-Loss Amount reported on the Monthly Certificate is a negative number, the Assuming Bank shall pay to the Receiver in immediately available funds eighty percent (80%) of that amount.

  • ADMINISTRATION OF THE SETTLEMENT 27. Any Settlement Class Member who fails timely to submit a valid Proof of Claim (substantially in the form of Exhibit 2 to Exhibit A) will not be entitled to receive any of the proceeds from the Net Settlement Fund, except as otherwise ordered by the Court, but will otherwise be bound by all of the terms of this Stipulation and the Settlement, including the terms of the Judgment or Alternative Judgment to be entered in the Action and all releases provided for herein, and will be barred from bringing any action against the Released Defendant Parties concerning the Released Claims.

  • Actions under the Program The actions taken by the Recipient under the Program include the following:

  • IN THE SETTLEMENT 4. How do I know if I am part of the Settlement? If you received this notice, then Defendant’s records indicate that you are a Class Member who is entitled to receive a payment or credit to your account. YOUR OPTIONS

  • 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:

  • Payments under Assigned Agreement PG&E shall make all payments due to Seller under the Assigned Agreement from and after the date hereof to [__________], as depositary agent, to ABA No. [__________], Account No. [__________], and Seller hereby irrevocably consents to any and all such payments being made in such manner. Each of Seller, PG&E and Financing Provider agrees that each such payment by PG&E to such depositary agent of amounts due to Seller from PG&E under the Assigned Agreement shall satisfy PG&E’s corresponding payment obligation under the Assigned Agreement.

  • 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.

  • Objections to the Settlement 7.1 Any Settlement Class Member who wishes to object to the Settlement Agreement must submit a timely and valid written notice of his or her objection (“Objection”) by the Objection Deadline (as defined herein). Such notice shall: (i) state the objecting Settlement Class Member's full name, current address, telephone number, and email address (if any); (ii) contain the objecting Settlement Class Member's original signature; (iii) set forth information identifying the objector as a Settlement Class Member, including proof that the objector is within the Settlement Class (e.g., copy of the Notice or copy of original notice of the Data Security Incident); (iv) set forth a statement of all grounds for the objection, including any legal support for the objection that the objector believes applicable; (v) identify all counsel representing the objector; (vi) state whether the objector and/or his or her counsel will appear at the Final Approval Hearing, and; (vii) contain the signature of the objector's duly authorized attorney or other duly authorized representative (if any), along with documentation setting forth such representation.

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