Settlement Cap Sample Clauses

Settlement Cap. The total payments to Settlement Class Members shall not exceed $350,000.00, which will include all monetary compensation to be paid to the class as part of this settlement except for the Service Awards to be paid pursuant to Section 12 below. In the event total claims exceed $350,000.00, each claim shall be reduced on a pro rata basis.
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Settlement Cap. Lufthansa shall pay the value of all Valid Claims, Cash Options, Interest Payments, and Voucher Options up to a maximum dollar amount yielded by deducting the following from $3.5 million (the “Settlement Cap”):
Settlement Cap. The total amount payable by or on behalf of Defendant under this Settlement Agreement including for direct relief to the Settlement Class and California Subclass (as set forth in Paragraphs 3 and 4, above), the Class Counsel Payment and Service Award (as set forth in Paragraph 8, above), and the cost of Settlement Administration (as described in Paragraph 10, above) shall not exceed $425,000. In the event the total amounts payable under this Settlement Agreement would exceed $425,000, compensation to Settlement Class Members (including the California Subclass) shall be prorated to bring the aggregate amount payable within the $425,000 cap.
Settlement Cap. The maximum amount that GCPA will be responsible for paying under the terms of the Settlement Agreement for: ordinary expense reimbursements, extraordinary expense reimbursements, credit monitoring, notice and settlement administration is $400,000 (the "Settlement Cap"). The Settlement Cap does not include the cost of using a Claims Referee (which is to be split by Counsel for Plaintiffs and GCPA pursuant to ,r 2.6 where 270307649v.l necessary), attorneys' fees and costs, or the Plaintiffs service award, all of which are to be paid separate and apart from the Settlement Cap.

Related to Settlement Cap

  • Gross Settlement Amount Except as otherwise provided by Paragraph 9 below, Defendant promises to pay $630,000.00 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. D e f e n d a n t has no obligation to pay the Gross Settlement Amount or any payroll taxes prior to the deadline stated in Paragraph 6.1 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • 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:

  • Settlement Consideration 2. In consideration of the full settlement, satisfaction, compromise and release of the Released Plaintiffs’ Claims, an aggregate $115 million in cash (the “Escrow Amount”) shall be paid on behalf of the Settling Defendants to Freeport by the D&O Carriers. The Settling Defendants shall cause the Escrow Amount to be deposited by the D&O Carriers into an interest-bearing escrow account controlled by an agreed upon representative of Plaintiffs and of the Settling Defendants (the “Escrow Account”) within fifteen (15) business days after the Stipulation is submitted to the Court. Upon the Effective Date, the Escrow Amount, together with any and all interest thereon, shall be paid to Freeport from the Escrow Account. For the avoidance of doubt, the Settling Defendants shall have no obligation to deposit any portion of the Escrow Amount into the Escrow Account but shall have an obligation to take all reasonably available steps to seek to cause the D&O Carriers to deposit the Escrow Amount into the Escrow Account.

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