Common use of Tax Allocation of Individual Class Payments Clause in Contracts

Tax Allocation of Individual Class Payments. Ten percent (10%) 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. Ninety percent (90%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest, penalties, and other non-wage damages (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. Ten Twenty percent (1020.00%) 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. Ninety Eighty percent (9080.00%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest[e.g., interest and penalties, and other non-wage damages ] (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. Ten percent (10%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 FormForms. Ninety percent (90%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of claims for interest, penalties, penalties and other non-wage damages interests (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 PaymentPayments.

Tax Allocation of Individual Class Payments. Ten Thirty three percent (1033%) 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. Ninety The sixty seven percent (9067%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest, penalties, interest and other non-wage damages 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. Ten Twenty percent (1020%) 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. Ninety Fifty percent (9050%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest, penalties, penalties and other non-wage damages thirty percent (30%) will be allocated to the settlement of interests (“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.