Settlement Funding and Payments Sample Clauses

Settlement Funding and Payments. (a) Rite Aid agrees to pay up to a maximum of five million and five-hundred thousand dollars and no cents ($5,500,000.00), in order to fully and finally resolve this Action in its entirety, inclusive of all Attorneys’ Fees and Lawsuit Costs; interest; Administration Costs; Distribution Amounts, liquidated, punitive and multiplier of damages; taxes; employee payroll taxes, Employer Payroll Taxes, and Incentive Awards, if any. Rite Aid shall not be responsible for any taxes imposed by law on the Settlement Class Members as a result of payments made to the Participating Settlement Class Member, or any other sums in excess of the Gross Settlement Amount. The amounts necessary to pay the Administration Costs and Employer Payroll Taxes shall be paid by Rite Aid into the Calculated Settlement Fund from any unclaimed amounts from the Net Settlement Amount as set forth in Section 5(j). However, in the event that the Calculated Settlement Amount exceeds the Gross Settlement Amount of $5,500,000.00, any amount in excess of the Gross Settlement Amount necessary to pay Administration Costs and Employer Payroll Taxes shall be deducted from the Distribution Amounts paid to each Participating Settlement Class Members on a pro rata basis. (b) Rite Aid shall deposit the Calculated Settlement Amount into the QSF as follows: Within fourteen (14) days after the Effective Date, Rite Aid shall deposit the Calculated Settlement Amount into an interest-bearing account mutually agreed upon by Class Counsel and Rite Aid’s Counsel and to be under the control of the claims administrator and designated as a QSF for distribution in accordance with the terms of the Agreement. (c) Rite Aid’s payments into the QSF shall be treated as a payment of a Qualified or Designated Settlement Fund under I.R.C. §468B and the regulations or proposed regulations promulgated hereunder (including without limitation Treasury Reg. §1. 468B-1-5 or any successor regulation). (d) The QSF will be established by the Claims Administrator pursuant to the Internal Revenue Code and insured and guaranteed to the full extent permissible under 12 CFR § 370.4. Any funds on deposit in the QSF shall be deemed and considered to be in custodia legis of the Court. The QSF will be created as an interest bearing account and the Claims Administrator will prepare any tax returns on any interest earned by the QSF and pay such taxes from the QSF. (e) Within seven (7) days of the issuance of the Final Approval Order and the Court’...
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Settlement Funding and Payments. Section 5.1 Class Workweeks and Aggrieved Employee Pay Periods. Based on a review of its records, at mediation Baxalta estimated there were 1,126 Class Members who collectively worked a total of 134,315 Workweeks, and 1,124 Aggrieved Employees who worked a total of 56,600 PAGA Pay Periods.
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Settlement Funding and Payments. 4.1 Payments from the Gross Settlement Amount. Within 5 business days of the Effective Date, the Administrator will send Class Counsel and Defendant’s Counsel the account information so that Defendant can wire the GSA and the Employer Taxes. Within 10 business days after Defendant funds the Gross Settlement Amount, the Administrator will mail checks to the Participating Class Members, Aggrieved Employees, the LWDA, Class Counsel, and Class Representative pursuant to the allocations set forth in Section 3 of this Agreement. Disbursement of the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment and the Class Representative Service Payment shall not precede disbursement of Individual Class Payments and Individual PAGA Payments. 4.2 Uncashed Checks. Settlement checks that are not cashed within 120 calendar days from the date of issuance by the Administrator will be voided. The Administrator shall transmit the funds represented by such voided checks in conformity with the Code of Civil Procedure Section 384, subd. (b) to Bet Tzedek (“Cy Pres Recipient”).
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Settlement Funding and Payments. DocuSign Envelope ID: CFA6DA4E-A8A6-4D5B-9EE3-3F29BF7E061B
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Settlement Funding and Payments 
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Related to Settlement Funding and Payments

  • Billing and Payments Transmission Provider shall bill the Interconnection Customer for the Costs associated with the facilities contemplated by this ISA, estimates of which are set forth in the Specifications to this ISA, and the Interconnection Customer shall pay such Costs, in accordance with Section 11 of Appendix 2 to this ISA and the applicable Interconnection Construction Service Agreement. Upon receipt of each of Interconnection Customer’s payments of such bills, Transmission Provider shall reimburse the applicable Interconnected Transmission Owner. Pursuant to Section 212.4 of the Tariff, Interconnection Customer requests that Transmission Provider provide a quarterly cost reconciliation:

  • Pricing and Payments 5.1 In exchange for the Deliverables, the Supplier must invoice the Buyer for the charges in the Order Form. 5.2 All Charges: 5.2.1 exclude VAT, which is payable on provision of a valid VAT invoice; and 5.2.2 include all costs and expenses connected with the supply of Deliverables. 5.3 The Buyer must pay the Supplier the charges within 30 days of receipt by the Buyer of a valid, undisputed invoice, in cleared funds to the Supplier's account stated in the invoice or in the Order Form. 5.4 A Supplier invoice is only valid if it: 5.4.1 includes all appropriate references including the Purchase Order Number and other details reasonably requested by the Buyer; and 5.4.2 includes a detailed breakdown of Deliverables which have been delivered. 5.5 If there is a dispute between the Parties as to the amount invoiced, the Buyer shall pay the undisputed amount. The Supplier shall not suspend the provision of the Deliverables unless the Supplier is entitled to terminate the Contract for a failure to pay undisputed sums in accordance with clause 11.6. Any disputed amounts shall be resolved through the dispute resolution procedure detailed in clause 36. 5.6 The Buyer may retain or set-off payment of any amount owed to it by the Supplier under this Contract or any other agreement between the Supplier and the Buyer if notice and reasons are provided. 5.7 The Supplier must ensure that all Subcontractors are paid, in full, within 30 days of receipt of a valid, undisputed invoice. If this doesn't happen, the Buyer can publish the details of the late payment or non-payment.

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