SUMMARY OF THE SETTLEMENT AGREEMENT Sample Clauses

SUMMARY OF THE SETTLEMENT AGREEMENT. A. Who is included in the Proposed Settlement? B. The “Certified Subclass” and Prior Notice
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SUMMARY OF THE SETTLEMENT AGREEMENT. People Included in the Proposed Settlement. Who is Required to Submit a Claim Form? Amount and Timing of the Proposed Settlement. a. Allocate $716,667 of the Class Payment to backpay, interest and liquidated damages. Each Class Member’s share of this amount will be based on the number of weeks he or she worked during the Class Period. b. Allocate $350,000 of the Class Payment for wage statement penalties. This amount will be paid to Class Members who worked between March 12, 2013 and the end of the Class Period, based on the number of weeks each Class Member worked during that period. c. Allocate $350,000 of the Class Payment for civil penalties available to former workers. This amount will be allocated in equal shares among Class Members whose final paycheck was dated between March 12, 2011 and the end of the Class Period. d. Allocate $83,333 of the Class Payment for the Class Members’ share of PAGA penalties. This amount will be paid to Class Members who worked between March 12, 2013 and the end of the Class Period, based on the number of weeks each Class Member worked during that period. Service awards of up to $500 for each of the four named plaintiffs, if approved by the Court, will be paid proportionally from each of the amounts listed in (a) through (c) above.
Sample 1
SUMMARY OF THE SETTLEMENT AGREEMENT. People Included in the Proposed Settlement Amount and Timing of the Proposed Settlement Who Must Submit a Claim Form?
Sample 1
SUMMARY OF THE SETTLEMENT AGREEMENT. 3.1. The Settlement provides for a Gross Cash Settlement Amount of Two Million One Hundred and Seventy-Five Thousand U.S. Dollars ($2,175,000). The Gross Cash Settlement Amount shall be used first to pay the following, as directed by the Court: A. The attorney’s fees of Class Counsel, not to exceed 25% percent of the combined value to the Gross Cash Settlement Amount or Five Hundred Forty-Three Thousand Seven Hundred and Fifty U.S. Dollars ($543,750) and reasonable litigation costs not to exceed Twenty Thousand U.S. Dollars ($20,000). B. Incentive fees to the Class Representatives – Xxxxxxx Xxxxxxxxx, Xxxx Xxx 1, and Xxxxxxxx Xxxxx. Class Counsel may apply to the Court for an award of incentive fees up to Seven Thousand Five Hundred U.S. Dollars ($7,500) to each Class Representative no later than ten (10) days prior to the Final Approval Hearing. This paragraph and specifically payment of incentive fees from the Gross Cash Settlement Amount is subject to Section 5.5 of the Settlement Agreement. C. The Administrative Costs of settlement, including, but not limited to, Class Notice Documents, mailing of the Class Notice Documents, internet notice on the Settlement Administrator’s website, claims administration, and any reasonable fees and costs incurred or charged by the Settlement Administrator, in connection with the execution of its duties under the Settlement, in an amount not to exceed Seventy-Five Thousand U.S. Dollars ($75,000). D. A total of One Hundred Thousand U.S. Dollars ($100,000.00) from the Gross Cash Settlement Amount shall be paid by the Settlement Administrator as follows: Seventy Five Thousand U.S. Dollars ($75,000) shall be paid to the LWDA consistent with California Labor Code §§ 2698-2699.5. The remaining Twenty Five Thousand Dollars ($25,000) shall remain a part of the Net Settlement Amount allocated to the payment of claims for the Participating Class Members. E. The amount remaining after payment of the amounts referred to above in paragraphs 3.1(A) – (D) is the Net Settlement Amount from which the individual Class Members of the Settlement Classes will be paid. This amount will result in an estimated payment to $ and $ This amount is an estimate only, and various factors may lead to this number being different at the time of final approval of the settlement. The Class Members will receive Settlement payments based upon the number of Qualifying Workweeks performed.
Sample 1
SUMMARY OF THE SETTLEMENT AGREEMENT. The Joint Parties engaged in settlement negotiations beginning November 2, 2020. The Joint Parties noticed a Settlement Conference in A.00-00-000 on November 4, 2020, which was held on November 13, 2020. On November 19, 2020, the Joint Parties subsequently signed the Settlement Agreement, which is appended to this Motion as Attachment A. Subject to considerations set forth in the Settlement Agreement, the Joint Parties agree to implement Proposal 2, amortizing the PCIA Trigger Balance equally over a three-year period beginning in 2021. The Settlement Agreement fully resolves Issues 8-14 within the scope of this consolidated proceeding. The Settlement Agreement partially resolves Issue 5. The Settlement Agreement does not address or resolve Issues 1 – 4, 6 – 7 of this consolidated proceeding, and the Parties anticipate those Issues will be resolved in a final decision based on the record gathered to date in SCE’s 2021 ERRA Forecast Application. 9 Amended Scoping Memo, pp. 4-6.
Sample 1
SUMMARY OF THE SETTLEMENT AGREEMENT. The Settlement Agreement is just that – an agreement to settle the Agricultural Benefits claim. The agreement is between Canada and Little Red River. Canada proposed the Settlement Agreement as an offer, and Little Red River Members must now decide whether to accept or reject the offer. If it is approved by a majority of the Little Red River Members in the referendum vote, the Chief and Council and the Minister are authorized and directed to sign the Settlement Agreement. When the Settlement Agreement is fully executed, it is binding on both Canada and the Nation and the Claim would be settled once and for all upon payment of the Compensation by Canada. The full Settlement Agreement is included in this information package for your review. It is a complex legal document written by lawyers. As such, the following is a summary of the key terms and an explanation of what each section of the Settlement Agreement means. This can be used as a guide to better understand the Settlement Agreement.
Sample 1
SUMMARY OF THE SETTLEMENT AGREEMENT. The bottom line is that the Settlement Agreement reduces the allocation of costs to the ComEd Zone not to exceed a total of $75,000 and increases the allocation of costs to the BGE Zone by the amount corresponding to the adjustments agreed upon in the Settlement Agreement. The total amount of the recovery is unchanged from that set forth in XXXX cost recovery settlement approved by the July 6, 2016 Letter Order. The Settlement Agreement does not change any other zones’ cost allocations. There will be refunds to the ComEd zone to the extent of any amounts in excess of the revised allocated amounts provided for in the Settlement Agreement betweenMay 1, 2017 and the Implementation Date specified in the Settlement Agreement. A summary of the provisions of the Settlement Agreement is included below. The opening paragraph describes the Settling Parties and Non-Opposing Parties.
Sample 1
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Related to SUMMARY OF THE SETTLEMENT AGREEMENT

  • Modification of Settlement Agreement Any modification to this Settlement Agreement shall be in writing and signed by the Parties.

  • EXECUTION OF SETTLEMENT AGREEMENT This Settlement Agreement may be signed in one or more counterparts which together shall constitute a binding agreement.

  • Parties to Lock-Up Agreements The Company has furnished to the Underwriters a letter agreement in the form attached hereto as Exhibit A (the “Lock-up Agreement”) from each of the persons listed on Exhibit B. Such Exhibit B lists under an appropriate caption the directors and executive officers of the Company. If any additional persons shall become directors or executive officers of the Company prior to the end of the Company Lock-up Period (as defined below), the Company shall cause each such person, prior to or contemporaneously with their appointment or election as a director or executive officer of the Company, to execute and deliver to the Representatives a Lock-up Agreement.

  • Arrangement Agreement This Plan of Arrangement is made pursuant to, and is subject to the provisions of, the Arrangement Agreement, except in respect of the sequence of the steps comprising the Arrangement, which shall occur in the order set forth herein.

  • Investment Agreement AUGUST.2017 12

  • Amendment to Purchase Agreement Section 1.3 of the Purchase Agreement is hereby amended and restated in its entirety to read as follows:

  • Amendment, change and supplement Any amendment, change and supplement to this Agreement shall require the execution of a written agreement by all of the Parties.

  • Support Agreement CFSC will not terminate, or make any amendment or modification to, the Support Agreement which, in the determination of the Agent, adversely affects the Banks’ interests pursuant to this Agreement, without giving the Agent and the Banks at least thirty (30) days prior written notice and obtaining the written consent of the Majority Banks.

  • Complete Agreement; Amendment This Agreement constitutes the entire understanding between the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous agreements in regard thereto. This Agreement cannot be modified except by an agreement in writing signed by both parties and specifically referring to this Agreement.

  • Application of Settlement Agreement 10.1 This Settlement Agreement shall apply to, be binding upon, and inure to the benefit of, CAG and the Releasees and Downstream Releasees identified in Section 2 above.

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