Settlement Awards. The Net Settlement Fund shall be distributed equally to Settlement Class Members who do not opt-out of the settlement. Settlement Awards are expected to be approximately $50 per Settlement Class Member, and will be calculated so as to exhaust the fund.
Settlement Awards. Each Settlement Class Member bound by the terms of this Settlement will receive consideration outlined in Section II for the Release set forth in Section III as follows:
Settlement Awards. Each of the FLSA Collective Members shall be paid a settlement award from the Gross Settlement Amount (each a “Settlement Award”). The distribution to each Putative FLSA Collective Member of the Collective Settlement Amount is set forth in Exhibit B, which reflects a pro rata allocation of $57,662.54 in back pay and $57,662.54 in liquidated damages to the Putative FLSA Collective Members in proportion to overtime worked during the time periods associated with certain retention incentives.
Settlement Awards. Except as set forth herein, Settlement Class Members will be entitled to a Settlement Award. Following the deduction of Settlement Costs, the remaining balance of the Fund shall be distributed as the Settlement Award, and payable through a combination of cash and an Account Credit, as described below and in Sections III.C.3 - 6, and subject to Court approval:
Settlement Awards. Settlement Class Members will have the option to select receipt of their Settlement Awards by either check or secure electronic payment. If no option is selected or the secure electronic payment cannot be completed, the Settlement Award shall be paid by check. The Settlement Administrator shall send each Settlement Class Member their Settlement Award within 45 calendar days after the Effective Date (“First Distribution”). The Settlement Administrator will perform skip tracing and re-mailing, as necessary; all costs of such work will be considered Settlement Costs. Checks will be valid for one-hundred and eighty days (180) days from the date on the check or for such long period as required by state law. Within 230 days after the Effective Date, the Settlement Administrator will calculate the amount of all uncashed checks and distribute a pro rata portion of all uncashed checks to Settlement Class Members who already cashed their checks (“Second Distribution”) unless the administrative costs to make a second distribution outweigh the second distribution or after administrative costs the amount of the Second Distribution would be nominal; provided, however, that no Settlement Class Member will receive any payments that exceed $500 per call in the aggregate, i.e., the sum of the First Distribution and the Second Distribution. Any amounts remaining the Second Distribution, or any Second Distribution checks that are uncashed, will be paid as cy pres to an entity agreed upon by the Parties and approved by the Court or if the Parties cannot agree as determined by the Court as set forth herein. Any Settlement Award paid to a deceased Settlement Class Member shall be made payable to the estate of the Settlement deceased Class Member, provided that the member’s estate informs the Settlement Administrator of the member’s death at least 30 calendar days before the date on which the Settlement Administrator distributes the Settlement Award.
Settlement Awards. Settlement awards shall be made to eligible Settlement Class Members on a claims-made basis. Settlement awards will be made from those amounts remaining after deducting the Settlement Costs from the Fund.
Settlement Awards. Subject to the terms and conditions of this Settlement, the Settlement Administrator will pay a Settlement Award from the Net Settlement Amount to each Class Member who timely and properly submits a Claim Form as follows:
Settlement Awards
