Settlement Awards to Settlement Class Members Sample Clauses

Settlement Awards to Settlement Class Members. Each Settlement Class Member shall be entitled to receive a pro rata portion of the Net Settlement Fund (his/her “Individual Settlement Share”), calculated based upon the number of Compensable Pay Periods worked thereby during the Settlement Period, divided by the total number of Compensable Pay Periods worked by all Settlement Class Members during said period. The Settlement Administrator will calculate the number of Compensable Pay Periods worked by Settlement Class Members, the amount to be paid per Compensable Pay Period, and the Individual Settlement Share to be paid to each Settlement Class Member. The payment to the Settlement Class Members shall be funded by the remainder of the First Payment after funding the payments to the LWDA, the Representative Plaintiff (for his enhancement award payment), to Class Counsel (for their awarded attorneys’ fees and expenses), and to the Settlement Administrator (for its fees and expenses). The remainder of the payments to the Settlement Class Members shall be funded by the Second Payment.
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Settlement Awards to Settlement Class Members. In consideration for this Settlement, Cash Settlement Payments shall be provided to Settlement Class Members who have not submitted a valid Exclusion Form in accordance with the requirements of, inter alia, Section III(I) herein. Each Settlement Class Member who does not submit a valid Exclusion Form shall receive a Cash Settlement Payment in the amount of $450.00. The individual $450.00 Cash Settlement Payments to the 293 Settlement Class Members total one hundred, thirty one thousand and eight hundred and fifty dollars exactly ($131,850.00) (i.e., the Common Fund), the sums of which shall be deposited by Xxxxxx’x insurance carrier, LMIC, in the trust account as described in Section III(G)(i) above.
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Settlement Awards to Settlement Class Members. In consideration for this 13 Settlement, Cash Settlement Payments in the amount of $450 to each of the 293 14 Settlement Class Members who have not submitted a valid Exclusion Form, 15 which shall total in the amount of one hundred, thirty-one thousand and eight 16 hundred and fifty dollars ($131,850.00). Such Cash Settlement Payments will 17 be paid from the Common Fund.
Sample 1
Settlement Awards to Settlement Class Members. Each Settlement Class Member shall be entitled to receive a pro rata portion of the Net Settlement Fund (his/her “Individual Settlement Share”), calculated based upon the number of Compensable Workweeks worked, divided by the total number of Compensable Workweeks worked by all Settlement Class Members. The Settlement Administrator will calculate the number of Compensable Workweeks worked by Settlement Class Members, the amount to be paid per Compensable Workweeks, and the Individual Settlement Share to be paid to each Settlement Class Member. The payment to the Settlement Class Members shall be funded by the remainder of the Gross Settlement after funding the payments to the LWDA, the Class Representative (for his enhancement award payment), to Class Counsel (for their awarded Attorneys’ Fees and Costs), and to the Settlement Administrator (for its fees and expenses). Each PAGA Employee shall be entitled to receive a pro rata portion of the PAGA Payment, calculated based upon the number of pay periods worked during the PAGA Covered Period, divided by the total number of pay periods worked by all PAGA Employees during the PAGA Covered Period. The Settlement Administrator will calculate the number of pay periods worked by PAGA Employees, the amount to be paid per pay period during the PAGA Covered Period, and the share of the PAGA Payment to be paid to each PAGA Employee.
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Settlement Awards to Settlement Class Members 
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Related to Settlement Awards to Settlement Class Members

  • 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.

  • 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.

  • Notice to Settlement Class Members 5.1 The Parties agree that the following Notice Program provides reasonable notice to the Settlement Class.

  • Settlement Class 2. Pursuant to Rule 23(e)(1)(B)(ii) of the Federal Rules of Civil Procedure, the Court preliminarily finds that the Court will likely find that the requirements of Federal Rules of Civil Procedure 23(a) and 23(b)(3) have been satisfied for settlement and judgment purposes only. As to the requirements of Rule 23(a) for settlement purposes only, (i) the Settlement Class provisionally certified herein likely exceeds 100,000 individuals, and joinder of all would be impracticable; (ii) there are questions of law and fact common to the Settlement Class; (iii) Class Representatives’ claims are typical of the claims of the Settlement Class they seek to represent for purposes of settlement; and (iv) Class Representatives are adequate representatives of the Settlement Class. As to the requirements of Rule 23(b)(3) for settlement purposes only, questions of law and fact common to the Settlement Class predominate over any questions affecting any individual Settlement Class Member, and a class action on behalf of the Settlement Class is superior to other available means of settling and disposing of this dispute.

  • Settlement Fund All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.

  • The Settlement Fund 37. Releasors shall look solely to the Settlement Fund for settlement and satisfaction of all Released Claims against the DENSO Defendants and the Releasees, and shall have no other recovery against the DENSO Defendants or any other Releasee for any Released Claims.

  • 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.

  • Objections to Settlement 7.7.1 Only Participating Class Members may object to the class action components of the Settlement and/or this Agreement, including contesting the fairness of the Settlement, and/or amounts requested for the Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment and/or Class Representative Service Payment.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • Certification of Settlement Class Promptly after execution of the Settlement Agreement, Class Counsel will ask the Court to issue an order certifying the Settlement Class for settlement purposes only. Xxxxx agrees not to object to this request without waiver of its right to contest certification or the merits of the Lawsuit if the settlement does not receive final approval or the Effective Date (defined in paragraph 14 below) does not occur.

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