The Settlement’s Monetary Terms Sample Clauses

The Settlement’s Monetary Terms. Under the Settlement, which the Court has preliminarily approved, Defendants agree to pay $3,000,000 (the “Settlement Fund”) to resolve all of the claims raised in the lawsuit, including those for attorney’s fees, expenses, claims administration fees, and service awards. The chart below describes how the money is divided and when payments will be made. This Notice contains only a summary of the Settlement’s terms. You may obtain a full copy of the Settlement Agreement by contacting the Claims Administrator, listed below. Round 1 FLSA Subclass Fund Approximately $1,020,000 Class Members who filed a Consent to Join Form by April 30, 2020 Eligible Class Members will receive approximately $.265 per mile driven for Defendants Within 40 days of the Court granting Final Approval of the Settlement Round 2 FLSA Subclass Fund Up to $400,000 Class Members who file a Claim Form and Release after April 30, 2020, but before the Court grants Final Approval of the Settlement Eligible Class Members will receive approximately $.176 per mile driven for Defendants Within 40 days of the Court granting Final Approval of the Settlement State Law Subclass Fund $500,000 Class Members who did not make a claim under Round 1 or 2 above Eligible Class Members will receive an amount based on their miles driven for Defendants, with a minimum payment of $25 Within 40 days of the Court granting Final Approval of the Settlement Contingency FLSA Subclass Fund At least $300,000 Class Members who did not make a claim under Round 1 or 2 above, and, potentially, all Class Members who cashed any other check received from the Settlement See description below. See description below. The Contingency FLSA Fund is available to any Class Member who did not receive a payment from the Round 1 or Round 2 FLSA Funds. Members of the Contingency FLSA Subclass can assert a claim for a portion of the Contingency FLSA Fund after the close of the Round 2 FLSA Notice Period and before April 30, 2023. Any unclaimed funds will be distributed to the Domino’s Partners Foundation, a 503 (c)(3) non-profit organization organized to help Domino’s Team members in times of hardship and adversity.
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The Settlement’s Monetary Terms. Under the Settlement, which the Court has preliminarily approved, Defendants agree to pay $630,000.00 (the “Settlement Fund”) to resolve all of the claims raised in the lawsuit, specifically, the four claims identified above. The parties have expressly not released any other claims related to their employment that Class Members might have against Defendants other than the four claims identified in Section 1 above. After deducting attorneys’ fees, costs, and service awards, the settlement will be distributed to the Class Members as follows: First, for purposes of calculating their pro rata share of the Settlement, each Class Member who returned a Consent to Join Form before August 6, 2021 will have their hours counted at 1.5×. Second, all Class Members who worked for Defendants between June 15, 2017 and March 16, 2020 and between June 23, 2020 and July 29, 2020 will share $10,000 in proportion to the number of hours they worked during this time period. This portion of the Settlement is intended to provide consideration for the allegation (which Defendants deny) that Defendants retained employee tips left on online to-go orders during this time period. Third, all Class Members who worked for Defendants between June 15, 2017 and March 16, 2020 and between June 23, 2020 and July 29, 2020 will share $25,000 in proportion to the number of overtime hours they worked during this time period. This portion of the Settlement is intended to provide consideration for the allegation (which Defendants deny) that Defendants failed to pay overtime at the proper overtime rate during this time period. Fourth, all Class Members who worked for Defendants between March 17, 2020 and June 22, 2020 will share the remainder of the Settlement Fund, approximately [fill after gathering admin costs, litigation costs] in proportion to the number of shifts they worked during this time period. This portion of the Settlement is intended to provide consider for the allegation (which Defendants deny) that Defendants improperly denied tipped workers overtime wages and improperly retained tipped workers’ tips during this time period. For tax purposes, half (1/2) of each Class Member’s award will be treated as wages, from which taxes and withholdings will be taken. The other half (1/2) of each Class Member’s award will be treated as damages, for which the Class Members will receive an IRS Form 1099. Class Members will have 180 days to cash or negotiate their checks.

Related to The Settlement’s Monetary Terms

  • Monetary Terms All references to "Dollars" or "$" shall mean US Dollars unless otherwise specified.

  • Monetary Settlement Terms 3.1 Civil Penalty Payment

  • ADDITIONAL TERMS OF SETTLEMENT 24. This settlement is agreed upon in accordance with section 24.4 of MFDA By-law No. 1 and Rules 14 and 15 of the MFDA Rules of Procedure. 25. The Settlement Agreement is subject to acceptance by the Hearing Panel which shall be sought at a hearing (the “Settlement Hearing”). At, or following the conclusion of, the Settlement Hearing, the Hearing Panel may either accept or reject the Settlement Agreement. MFDA Settlement Hearings are typically held in the absence of the public pursuant to section 20.5 of MFDA By-law No. 1 and Rule 15.2(2) of the MFDA Rules of Procedure. If the Hearing Panel accepts the Settlement Agreement, then the proceeding will become open to the public and a copy of the decision of the Hearing Panel and the Settlement Agreement will be made available at xxx.xxxx.xx. 26. The Settlement Agreement shall become effective and binding upon the Respondent and Staff as of the date of its acceptance by the Hearing Panel. Unless otherwise stated, any monetary penalties and costs imposed upon the Respondent are payable immediately, and any suspensions, revocations, prohibitions, conditions or other terms of the Settlement Agreement shall commence, upon the effective date of the Settlement Agreement. 27. Staff and the Respondent agree that if this Settlement Agreement is accepted by the Hearing Panel: a) the Settlement Agreement will constitute the entirety of the evidence to be submitted respecting the Respondent in this matter; b) the Respondent waives any rights to a full hearing, a review hearing before the Board of Directors of the MFDA or any securities commission with jurisdiction in the matter under its enabling legislation, or a judicial review or appeal of the matter before any court of competent jurisdiction; c) Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the contraventions described in this Settlement Agreement. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any contraventions that are not set out in this Settlement Agreement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations; d) the Respondent shall be deemed to have been penalized by the Hearing Panel pursuant to

  • TERMS OF SETTLEMENT The Respondent agrees to the following terms of settlement:

  • Standard Terms and Conditions Executive expressly understands and acknowledges that the Standard Terms and Conditions attached hereto are incorporated herein by reference, deemed a part of this Agreement and are binding and enforceable provisions of this Agreement. References to “this Agreement” or the use of the term “hereof” shall refer to this Agreement and the Standard Terms and Conditions attached hereto, taken as a whole.

  • SETTLEMENT TERMS AND CONDITIONS Contour is willing to resolve the violations cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows: 1. Contour shall not: a. Under any name or designation conduct or transact business in this state at any physical location that has not been approved by the Superintendent; b. Under any name or designation conduct or transact business in this state through the use of any website or domain name that has not been approved by the Superintendent; c. Conduct or transact business under any name or designation other than that shown on its license or branch certificate; d. Assign mortgage loan originators to locations that are not licensed by the Superintendent; e. Engage in net branching or offer net branching opportunities in violation of the Department’s prohibition against net branching; f. Transfer or assign its mortgage banker license; g. Engage in conduct prohibited by Part 38 of the General Regulations. 2. Contour agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, supervisory requirements, and guidance letters relating to its mortgage business, including but not limited to: a. Complying with the requirements of Banking Law Articles 12-D and 12- E, Part 420 of the Superintendent’s Regulations, and Part 38 of the General Regulations; b. Assigning mortgage loan originators only to locations licensed by the Superintendent, and displaying the license for each mortgage loan originator working at such location; c. Providing the proper oversight and supervision of each individual who becomes employed by, or affiliated as an independent contractor of or consultant for, Contour; and d. Maintaining books and records in a manner that will enable the Superintendent to determine whether Contour is complying with all applicable federal and state laws, regulations, supervisory requirements, and guidance letters. 3. Contour agrees to develop a comprehensive operations manual governing its day-to-day operations, which shall, at a minimum, address the: a. Establishment of new business locations; b. Use of business names and designations; c. Activities and supervision of employees, independent contractors, and consultants; and d. Maintenance of books and records. 4. Contour agrees to develop a written compliance manual designed to ensure compliance with all applicable federal and state laws, regulations, supervisory requirements, and guidance letters. The manual shall, at a minimum, address: a. The designation of an individual responsible for monitoring compliance with all applicable laws, regulations, supervisory requirements, and guidance letters; b. Prohibited conduct as described by Section 38.7 of the General Regulations; c. The duties of an originating entity as described by Part 420 of the Superintendent’s Regulations; d. Reporting requirements as described by Part 420 of the Superintendent’s Regulations; e. Use of business names and designations, domain names, and websites; f. The duties and responsibilities of employees, independent contractors, and consultants; and g. A compliance training program for employees and independent contractors. 5. Within ninety (90) days from the effective date of this Agreement, Xxxxxxx agrees to submit drafts of its operations and compliance manuals to the Department. 6. Within one hundred twenty (120) days from the effective date of this Agreement, Xxxxxxx agrees to submit copies of its final operations and compliance manuals to the Department together with a letter from an authorized officer of Contour indicating his or her approval of said manuals. 7. Contour agrees that its mortgage banking activities will be subject to examinations semi-annually for a twenty-four-month period following the execution of this Agreement. 8. Contour agrees to pay a fine of $20,000. Contour further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions.

  • Supplementary Terms Other Contributions

  • Indemnity for Underlying Sales and Supplemental Agreements Vendor shall be solely responsible for any customer claims or any disputes arising out of TIPS Sales or any Supplemental Agreement as if sold in the open-market. The Parties agree that TIPS shall not be liable for any claims arising out of Vendor’s TIPS Sales or Supplemental Agreements, including but not limited to: allegations of product defect or insufficiency, allegations of service defect or insufficiency, allegations regarding delivery defect or insufficiency, allegations of fraud or misrepresentation, allegations regarding pricing or amounts owed for TIPS sales, and/or allegations regarding payment, over-payment, under-payment, or non-payment for TIPS Sales. Payment/Drafting, overpayment/over-drafting, under- payment/under-drafting, or non-payment for TIPS Sales between customer and Vendor and inspections, rejections, or acceptance of such purchases shall be the exclusive respective obligations of Vendor/Customer, and disputes shall be handled in accordance with the terms of the underlying Supplemental Agreement(s) entered into between Vendor and Customer. Vendor acknowledges that TIPS is not a dealer, subcontractor, agent, or reseller of Vendor’s goods and services and shall not be responsible for any claims arising out of alleged insufficiencies or defects in Vendor’s goods and services, should any arise.

  • Additional Terms & Conditions Acknowledged and Agreed:

  • Requirements Pertaining Only to Federal Grants and Subrecipient Agreements If this Agreement is a grant that is funded in whole or in part by Federal funds:

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