Total Settlement Amount Clause Samples
The 'Total Settlement Amount' clause defines the full sum of money or value that one party agrees to pay to another as part of resolving a dispute or fulfilling a settlement agreement. This clause typically specifies the exact amount, the currency, and may outline the payment schedule or method, such as a lump sum or installments. By clearly stating the total financial obligation, the clause ensures both parties understand the extent of the settlement, thereby preventing future disagreements over payment terms and providing finality to the resolution process.
Total Settlement Amount. In full satisfaction of all potential civil penalties, attorneys’ fees, costs, and other expenses incurred by CRA and its counsel in connection with the Notice and Covered Products, and in exchange for CRA’s release of all liability in connection with the Covered Product, HONG SAR shall pay a total of $16,650 (Total Settlement Amount) as set forth in this Section. No other payment is required by HONG SAR under this Settlement Agreement.
Total Settlement Amount. 6.1 The “Total Settlement Amount,” in full and complete satisfaction of all Released Claims, shall be up to $175,000,000.00 in monetary and non-monetary relief, comprised of a cash payment of up to $152,500,000.00 (the “Settlement Fund”) and programmatic non-monetary relief, described in Section VII, valued at $22,500,000.00.
6.2 Subject to Court approval, the Settlement Fund will be provided to the Claims Administrator to be distributed as described in Sections VIII, IX and X of this Agreement.
Total Settlement Amount. In full satisfaction of all potential civil penalties, attorneys’ fees, costs, and other expenses incurred by CRA and its counsel in connection with the Notice and Covered Product, and in exchange for CRA’s release of all liability in connection with the Covered Product, MYRTLE shall pay a total of $15,000 (Total Settlement Amount) as set forth in this Section. No other payment is required by MYRTLE under this Settlement Agreement.
Total Settlement Amount. In full satisfaction of all consideration, potential civil penalties, attorneys’ fees, and costs in connection with the Notices and Products, and in exchange for CRA’s release of all liability in connection with the Products (including as set forth in the Notices) as set forth in Sections 4.1 and 4.3 below, STRUMBA shall make a total settlement payment of Eighteen Thousand Dollars ($18,000) (“Total Settlement Amount”). The Total Settlement Amount shall be apportioned into a Civil Penalty, Attorney’s Fees and Costs, an Additional Settlement Payment, and a Cost Reimbursement as required by CRA and set forth in Sections 3.2, 3.3, 3.4, and 3.5 below. No other payments are required by STRUMBA under this Agreement.
Total Settlement Amount. (A) Defendants agree to pay, at the time or times prescribed by Section 5(D) of this Agreement, a maximum of $15,000,000.00 (“Settlement Amount”), which shall cover, resolve, and fully satisfy any and all amounts due under this Agreement, including: (1) Settlement Payments (as defined in Section 3.4) to be paid to Qualified Class Members; (2) attorneys’ fees and costs approved by the Court; (3) court-approved service payments to certain individuals; and (4) the reserve set aside for reasonable costs of settlement administration. Settlement Payments and service payments shall constitute a special award to the FLSA Class, Subclasses, and to the individuals therein receiving a payment and shall not be considered as a payment of overtime, salary, wages, and/or compensation under the terms of any company benefit plan or for any purpose except for tax purposes as described in Section 3.5. Under no circumstances will Defendants be required to pay more than $15,000,000.00, other than interest amounts accruing as described in Section 3.1(B) and amounts due to cover DSG’s share of payroll taxes as described in Section 5(D).
(B) The Settlement Amount shall accrue no interest so long as the Court enters Final Approval on or before June 15, 2011. If the Court has not entered Final Approval on or before June 15, 2011, the Settlement Amount, which shall remain the property of the Defendants until paid at the time or times prescribed by Section 5(D) of this Agreement, shall begin accruing interest as of June 16, 2011 and up until and including the date of the Fairness Hearing, at the rate of 0.40% per annum calculated on the basis of a 360 day year for the actual number of days elapsed. The Settlement Amount, plus any interest accrued on the Settlement Amount, net of any applicable taxes on such interest, is the “Total Settlement Amount”.
Total Settlement Amount. In full satisfaction of all potential civil penalties, attorneys’ fees, costs, and other expenses incurred by CRA and its counsel in connection with the Notice and Covered Products, and in exchange for CRA’s release of all liability in connection with the Covered Products, POP shall pay a total of $22,000 (Total Settlement Amount) as set forth in this Section. No other payment is required by POP under this Settlement Agreement.
Total Settlement Amount. In full satisfaction of all potential civil penalties, attorneys’ fees, costs, and other expenses incurred by CRA and its counsel in connection with the Notice and Covered Product, and in exchange for CRA’s release of all liability in connection with the Covered Product, SEMPIO shall pay a total of $25,000 (Total Settlement Amount) as set forth in this Section. No other payment is required by SEMPIO under this Settlement Agreement.
Total Settlement Amount. “Total Settlement Amount” means the total maximum amount paid by Defendant to Named Plaintiff and Settlement Class Members to resolve their claims, inclusive of the Service Award to Named Plaintiff, attorneys’ fees and costs, and the Settlement Administration Costs, which shall not exceed Three Hundred and Fifty Thousand Dollars ($350,000).
Total Settlement Amount. In full satisfaction of all potential civil penalties, attorneys’ fees, costs, and other expenses incurred by CRA and its counsel in connection with the Notice and Covered Product, and in exchange for CRA’s release of all liability in connection with the Covered Product, AFC shall make a total settlement payment of twelve thousand dollars ($12,000) (“Total Settlement Amount”) as set forth in this Section 3. No other payment is required by AFC under this Settlement Agreement.
Total Settlement Amount. Subject to the terms and conditions of this Agreement, the total amount Defendant will pay and/or make available for distribution, in final and complete settlement of the Action, is Two Hundred Fifteen Thousand Dollars and Zero Cents ($215,000.00) (plus the reasonable cost of administration). Subject to approval by the Court, the Total Settlement Amount will be paid and/or made available to Plaintiffs, Opt-Ins, and Plaintiffs’ Counsel as provided in this Paragraph 2.