Proposed Incentive Payments Clause Samples

Proposed Incentive Payments. The proposed incentive payment, subject to the Court’s approval, is $7,500 each for Plaintiff ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇. These incentive payments are made to compensate these individuals for their time, their general release of all claims, and the potential financial risks they faced in bringing the Action. If you do not affirmatively exclude yourself from this settlement, you will give up the right to ▇▇▇ or make administrative claims against the Released Persons for any wages, interest and penalties you may be owed through the date the Settlement becomes final. This is referred to as a “Release of All Claims.” You also acknowledge that you may have Released Claims that are presently unknown and that the release contained in this settlement is intended to and will fully, finally, and forever discharge the Released Claims that were the subject of this lawsuit, whether now asserted or un-asserted, known or unknown, suspected or unsuspected, concealed or hidden. The Release contained in the proposed Settlement Agreement specifically reads as follows: