Timing of the First Distribution of Award Payments to Settlement Class Members Sample Clauses

Timing of the First Distribution of Award Payments to Settlement Class Members. Within twenty-one (21) days of receiving Defendants’ full payment into the Gross Settlement Fund, the Settlement Administrator shall issue directly to each Settlement Class Member a check paid from the Net Settlement Fund that equals the Settlement Class Member’s share of the Net Settlement Fund in accordance with Section II.C.1.a (the “First Distribution”). This First Distribution check shall reflect the total Wage Award owed to the Settlement Class Member, less normal employee payroll tax withholdings, and the total Non-Wage Award owed to the Settlement Class Member without any payroll or other tax deductions. Settlement Class Members shall have one-hundred-eighty (180) days from the initial date on which the Settlement Administrator mails the Settlement Award checks to cash those checks (the “First Distribution Check Cashing Deadline”).
Sample 1
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Related to Timing of the First Distribution of Award Payments to Settlement Class Members

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • NOW THEREFORE the parties hereto agree as follows:

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the date first above written.

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

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