Tax Allocation of Individual Class Payments. 20% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 80% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.
Tax Allocation of Individual Class Payments. 20% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 15% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for reimbursement of expenses and 65% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties (the “Non-Wage Portion”). The Non- Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.
Tax Allocation of Individual Class Payments. 33% of each Individual Class Payment will be allocated to . The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The 67% Individual Class Payment will be allocated to settlement of claims for interest and penalties -Wage The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.
Tax Allocation of Individual Class Payments. For purposes of this Settlement, 25% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The remaining 75% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions and the Individual PAGA Payments are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.
Tax Allocation of Individual Class Payments. Twenty Percent (20%) of each Participating Settlement Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. Seventy Nine Percent (79%) of each Participating Settlement Class Member’s Individual Class Payment will be allocated to settlement of claims for non-statutory damages and interest, and One percent (1%) penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Settlement Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.
Tax Allocation of Individual Class Payments. Fifteen percent (15%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The remaining Eighty-five percent (85%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest, reimbursements and other non-wage recovery (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment. Neither Plaintiff, Class Counsel, Defendants nor Defense Counsel are providing any advice regarding taxes or taxability.
Tax Allocation of Individual Class Payments. Fifty percent (50%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on IRS W-2 Forms. The remaining fifty percent (50%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest, penalties, and other non-wage amounts sought in the Action (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. The Parties acknowledge and agree that they have bargained over the appropriate tax allocation of the Individual Class Payments in good faith and at arm’s-length, and that the agreed-upon tax treatment fairly comprises the elements of damages sought in Action. The Parties acknowledge and agree that Defendants have made no representations or warranties to anyone regarding the income tax or employment tax consequences of any payment made hereunder. Except for the employer share of FICA, FUTA, and other payroll taxes, Participating Class Members will be responsible for paying any taxes that may be owed on amounts they receive under the Settlement, including the amounts being reported on IRS Form 1099. The Administrator will be responsible for making all payments due under the Settlement and submitting all required IRS W-2 and 1099 Forms with respect to such payments.
Tax Allocation of Individual Class Payments. Payments from the NSA will be allocated 30% as wages subject to wage withholdings, and 70% as expenses, interest, and penalties, which will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any taxes owed on their Individual Class Payment.
Tax Allocation of Individual Class Payments. Twenty percent (20%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of wage claims (“Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS Form W-2. Eighty percent (80%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of claims for interest and penalties (“Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on an IRS Form 1099. These allocations represent the Parties’ good faith allocation based on the claims asserted and potential damages related to wages, liquidated damages, interest, and penalties. No opinion regarding the tax consequences of this Settlement to any individual Participating Class Member is being given, or will be given, by Defendant, Defense Counsel, any other Released Party, or Class Counsel. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payments.
Tax Allocation of Individual Class Payments. Twenty percent (20%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of wage claims (“Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on IRS Form W-2. Forty percent (40%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of claims for interests, and forty percent (40%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of claims for penalties (“Non- Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS Form 1099. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payments. Participating Class Members shall hold harmless Defendants, Class Counsel and Released Parties from any claim or liability for taxes, penalties, or interest arising because of the Individual Settlement Share.
