Reimbursement Aggrieved Employee Escalator Clause Sample Clauses

Reimbursement Aggrieved Employee Escalator Clause. It was estimated for purposes of mediation that during the time period beginning April 6, 2020 through and including November 10, 2021, the Reimbursement Aggrieved Employees worked approximately 781 pay periods (“Reimbursement Eligible Pay Periods”). This number would be expected to increase proportionately to reflect the passage of time between November 10, 2021 and the date the Court enters an order approving the settlement. This estimate serves as the basis for Plaintiff accepting the settlement. If the total number of pay periods as of November 10, 2021 actually exceeds 781 by more than ten percent (10%), the 25% of the Gross Settlement Amount allocated to Reimbursement Aggrieved Employees (i.e., $37,500) will increase proportionately for every percent over the 10% grace.
Sample 1
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Related to Reimbursement Aggrieved Employee Escalator Clause

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