Settlement Summary Sample Clauses

Settlement Summary. What does the Settlement provide for?

Settlement Summary. If you are a Non-salaried Teacher, please check the new hourly rate assigned to your name in Appendix

Settlement Summary. In exchange for and in consideration of the Releases and promises of Plaintiff in this Agreement, Defendants agree to pay a total sum of SEVEN HUNDRED 00/100 dollars ($700.00). The payments will be tendered as follows: 1. Payment to XXXXXX XXXXXXXXX in the gross amount of $350.00, as taxable wages, less appropriate taxes and withholdings, to represent the unpaid wages claim. An IRS Form W-2 will be issued to Plaintiff for this amount. Plaintiff must provide a fully completed and executed IRS Form W-4 to counsel for Defendants along with the executed Agreement; and 2. Payment to XXXXXX XXXXXXXXX in the gross and net amount of $350.00, as liquidated damages. An IRS Form 1099 will be issued to Plaintiff for this amount. Plaintiff must provide a fully completed and executed IRS Form W-9 to counsel for Defendants along with the executed Agreement; and a. The settlement sum will be delivered to Plaintiff within ten (10) business days after all of the following events occur: (1) the Court’s approval of this Agreement; (2) dismissal with prejudice of Plaintiff’s claims in the Lawsuit; and (3) Plaintiff’s delivery of IRS forms W- 4 and W-9 to Defendants’ counsel. b. Plaintiff understands and acknowledges that the payments specified in this section would not be issued to Plaintiff except for Plaintiff’s execution of this Agreement, including the Release of FLSA claims contained herein, and Plaintiff’s fulfillment of the promises contained herein. c. Defendants make no representation as to the taxability of the amounts paid to Plaintiff. Plaintiff agrees to pay federal or state taxes, if any, which are required by law to be paid with respect to this settlement. Moreover, Plaintiff agrees to indemnify Defendants and hold them harmless from any interest, taxes or penalties assessed against it by any governmental agency as a result of the non-payment of taxes on any amounts paid to Plaintiff under the terms of this Agreement.

Settlement Summary. Settlements were reached requiring Volkswagen to establish an Environmental Mitigation Trust (“Trust”) totaling $2.925 billion. Affected states and tribes that become beneficiaries of the Trust will receive funds to undertake Eligible Mitigation Actions (“EMAs”) that are intended to mitigate the excess NOx emissions from the Volkswagen vehicles. Illinois is a beneficiary of the Trust and has an initial allocation of $108,679,676.98. The Agency has posted links to the settlements on its Volkswagen Settlement webpage (xxxx://xxx.xxx.xxxxxxxx.xxx/topics/air-quality/vw-settlement/index). Separate from the Trust, the Volkswagen Settlement includes a $10 billion vehicle recall and repair program and a $2 billion investment in zero emission vehicle (“XXX”) infrastructure and public education and access to ZEVs.

Settlement Summary. As noted above, the proposed settlement Port staff achieves these goals through two methods: settlement of outstanding delinquent rent due and entry of a new lease (Lease No. 16653, the “New Lease”). D elinquent Rent under Prior Lease. In terms of the outstanding rent, as of the time of the termination notice PFF had incurred approximately $1,325,648.76 in delinquent rent charges, with $873,776.72 attributable to the listed $1.18/sf rate in the expired lease (the “Base Portion”) and $451,872.04 attributable to the 50% increase in such rate required under Section 26.1 of the expired lease (the “Holdover Provision Portion”). The proposed Settlement Agreement would address these amounts as follows: • The Port would credit the Base Portion against the $5.5 million of the unamortized costs noted above, with a true-up of amounts accrued up until the date the new lease commences. • The Holdover Provision Portion would be waived. • The unamortized rent credits remaining after addressing the delinquent rent charges would be eligible for use under the New Lease.

Settlement Summary. To achieve the four goals set forth above, Port staff and the Club propose to proceed as outlined below: