What Are the Terms of the Settlement. Xxxxx Fargo has agreed to pay a maximum of Thirty Five Million Dollars ($35,000,000.00) to settle the Lawsuit (“Maximum Settlement Amount”). The Maximum Settlement Amount will first be used to pay all of the following: (1) attorneys’ fees and costs for Class Counsel that are approved by the Court; (2) all settlement administration fees and costs; and (3) service awards to Plaintif fs and Opt-In Plaintiffs in the amounts approved by the Court. In addition, $100,000 will be set aside as a Reserve Amount to cover any correctible errors or omissions that are made during the Settlement administration process. The remaining amount is the Net Settlement Amount. The Net Settlement Amount will be used to make settlement payments to anyone who (1) is a member of the Settlement Collective (includ ing you) and/or (2) is a member of the Settlement Class and does not opt out of the Settlement.
What Are the Terms of the Settlement. CertifiedSafety has agreed to pay Six Million Dollars ($6,000,000.00) to settle this lawsuit (the “Gross Settlement Amount”), inclusive of the claims of all Rule 23 Class Members and Opt In Plaintiffs, as defined in this Section. Deductions from this amount will be made for attorneys’ fees and costs for Class Counsel (see Section 11, below), settlement administration costs (up to $[insert]), and service awards in an amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) in total to Class Representatives Xxxxxx Xxxxx, Xx., Xxxxxx Xxxxxxx, Xxxxx Xxxxxx, Xxxxxxx Xxxx, Xxxxxxxxxx Xxxx, Xxxxxx Xxxxxx, and Xxxxxx Xxxxxxx, Xx. for their service to the Rule 23 Classes and the FLSA collective. After deductions of these amounts, what remains of the Gross Settlement Amount (the “Net Settlement Amount”) will be available to pay monetary Settlement awards to (i) Class Representatives, (ii) Opt In Plaintiffs, and (iii) all Rule 23 Class Members who do not opt out of the Settlement Class (collectively, “Participating Individuals”). The following persons will be eligible to receive a monetary award from the Net Settlement Amount: • Class Representatives; • All individuals who worked for CertifiedSafety as Safety Attendants and Safety Foremen in Alaska at any time from April 23, 2016 to [insert date of preliminary approval] (“Alaska Rule 23 Class Members”); • All individuals who worked for CertifiedSafety as Safety Attendants and Safety Foremen in California at any time from April 21, 2013 to [insert date of preliminary approval] (“California Rule 23 Class Members”); • All individuals who worked for CertifiedSafety as Safety Attendants and Safety Foremen in Illinois at any time from March 14, 2016 to [insert date of preliminary approval] (“Illinois Rule 23 Class Members”); • All individuals who worked for CertifiedSafety as Safety Attendants and Safety Foremen in Minnesota at any time from March 12, 2016 to [insert date of preliminary approval] (“Minnesota Rule 23 Class Members”); • All individuals who worked for CertifiedSafety as Safety Attendants and Safety Foremen in Ohio at any time from April 23, 2016 to [insert date of preliminary approval] (“Ohio Rule 23 Class Members”); • All individuals who worked for CertifiedSafety as Safety Attendants and Safety Foremen in Washington at any time from April 21, 2014 to [insert date of preliminary approval] (“Washington Rule 23 Class Members”); and • Individuals who filed an Opt-In Consent Form to assert federal FLSA cl...
What Are the Terms of the Settlement. TCL has agreed to pay $2,900,000 (“Settlement Fund”) in full and complete settlement and release of all claims of Plaintiff and the Settlement Class Members, as described in the Settlement Agreement. The funds will be used to pay Settlement Awards to Settlement Class Members who submit a valid Claim to the Settlement Administrator via a form on the Settlement Website during the Claim Period, after attorneys’ fees, costs, and other expenses have been deducted. The Settlement Awards will be set at $15 per valid Claim and subject to pro rata increase (totaling up to $40) or decrease, depending on the number of all approved Claims submitted. Class Counsel will ask the Court to approve an award of up to 25% of the Settlement Fund for attorneys’ fees; an award of reasonable litigation expenses and costs of approximately $148,000; and $2,500 to Plaintiff Fiskratti as Class Representative, all to be paid from the Settlement Fund. If there are amounts remaining in the Settlement Fund after payment of all Settlement Awards, that money will be distributed cy pres to charity.
What Are the Terms of the Settlement. Under the terms of the Settlement Agreement, CVS Health has agreed to pay Eighteen Million Seven-Hundred and Fifty Thousand Dollars ($18,750,000.00) (the “Gross Settlement Amount”) to settle the claims for unpaid overtime arising from the issue described above. Deductions from this amount will be made for (a) Class Counsel’s attorneys’ fees in an amount of up to one-third (1/3) of the Gross Settlement Amount, plus their reasonable expenses incurred; (b) the Settlement Administrator’s reasonable fees and costs, not to exceed $55,000.00; (c) Service Awards for the Named Claimants totaling a combined $45,000.00; and (d) payroll taxes applicable to the Settlement Award payments. All of these amounts are subject to approval by the Arbitrator in the Final Approval Order. After subtracting these amounts, the balance of the funds (the “Net Settlement Amount”) will be divided by the Settlement Administrator among all Eligible Settlement Class Members, who will each automatically receive a pro rata Settlement Payment based on their workweeks worked during the Applicable Class Period, as reflected in the payroll records supplied by CVS Health. The minimum Settlement Payment each Eligible Class Member will receive is $50.00, but payments to individual Eligible Class Members may be substantially higher depending on how long they worked for CVS Health during the Applicable Class Period. Fifty percent (50%) of each payment from the Net Settlement Amount will be allocated to back wages and 50% will be allocated to liquidated damages. The Settlement Administrator will issue an IRS Form W-2 for 50% of the payment and an IRS Form 1099 for the other 50% of the payment. Neither the Settlement Administrator nor the Parties can provide tax advice. Please contact your accountant or tax related advisors for any questions about taxes you may owe on these amounts. It is your responsibility to keep a current address on file with the Settlement Administrator to ensure receipt of your Settlement Payment from the Settlement Administrator. If you fail to keep your address current, you may not receive your Settlement Payment.
What Are the Terms of the Settlement. CertifiedSafety has agreed to pay Six Million Dollars ($6,000,000.00) to settle this lawsuit (the “Gross Settlement Amount”), inclusive of the claims of all Opt In Plaintiffs and state law Class Members (the “Rule 23 Class Members”).3 Deductions from this amount will be made for attorneys’ fees and costs for Class Counsel (see below), settlement administration costs (up to $[insert]), and service awards in an amount not to exceed Seventy-Five Thousand Dollars ($75,000.00) in total to Class Representatives Xxxxxx Xxxxx, Xx., Xxxxxx Xxxxxxx, Xxxxx Xxxxxx, Xxxxxxx Xxxx, Xxxxxxxxxx Xxxx, Xxxxxx Xxxxxx, and Xxxxxx Xxxxxxx, Xx. for their service to the Opt In Plaintiffs and the Rule 23 Class Members. After deductions of these amounts, what remains of the Gross Settlement Amount (the “Net Settlement Amount”) will be available to pay monetary Settlement awards to (i) Class Representatives; (ii) Opt In Plaintiffs, and (iii) all Rule 23 Class Members who do not opt out of the Settlement Class (collectively, “Participating Individuals”). The following persons will be eligible to receive a monetary award from the Net Settlement Amount: • Class Representatives; • Individuals who filed an Opt-In Consent Form to assert federal FLSA claims in the Actions prior to [insert date of preliminary approval] (“Opt In Plaintiffs”); and • Rule 23 Class Members.
What Are the Terms of the Settlement. Under the Stipulation, Defendant Xxxxx has agreed to reprice the strike price of each and every of the 750,000 non-qualified stock options granted to him on May 10, 2012 from $1.33 to $3.00. The repricing shall occur within three business days of the Effective Date of the settlement, assuming that an Effective Date occurs. Defendant Xxxxx has agreed not to exercise any of the 750,000 options that are the subject of the settlement pending the Effective Date. Because the Action was brought for the benefit of LRAD, any recovery in the Action (whether from this or any settlement or through a judgment in favor of the Plaintiff) would go to LRAD. LRAD stockholders will not receive any direct payment as a result of the Stipulation and will not need to fill out any kind of claims form as a result of the settlement.
What Are the Terms of the Settlement. The Court did not decide in favor of either side. Instead, both sides have voluntarily agreed to a settlement before any trial, which provides for several benefits:
What Are the Terms of the Settlement. Sprint has agreed to pay $7,600,000.00 to settle all aspects of this Lawsuit (the “Maximum Gross Settlement Amount”), inclusive of the claims of all Opt-In Plaintiffs and Settlement Class Members. Deductions from this amount will be made for attorneys’ fees and costs for Class Counsel (see below); settlement administration costs (estimated to be $99,921.00), the payment to Plaintiff Xxxxxxxx Xxxxxxx of $3,999.00 for his individua l claims under California law (whic h were pleaded in this Lawsuit and settled on a class basis in other cases in which Plaintiff Amaraut does not take part), and service awards in an amount not to exceed $65,000.00 in total to be divide d between Class Representatives Xxxxxxxx Xxxxxxx, Xxxxxxxxx Xxxxxxx, Xxxxxxx Xxxxxxx, Xxxxxxxxxx Xxx, Xxxxx XxXxxxxx and Xxxxx Xxxxx for their service to the Settlement Class Members and Opt-In Plaintiffs, and for their general release of claims. After deductions of these amounts, what remains of the Maximum Gross Settlement Amount (the “Net Settlement Amount” ) will be available to pay monetary Settlement awards to the Named Plaintiffs, Opt-In Plaintiffs, and Putative Class Members who do not opt out of the Settlement Class (i.e., Settlement Class Members). The following persons will be eligible to receive a monetary award from the Net Settlement Amount:
What Are the Terms of the Settlement. VIZIO has agreed to (i) stop the advertising practices; (ii) provide enhanced services and a limited one-year warranty to all Settlement Class Members; and (iii) pay $3,000,000 (“Settlement Awards”) in full and complete settlement and release of all claims, as described in the Settlement Agreement. The Settlement Awards will be up to $50 per valid Claim and subject to pro rata decrease, depending on the number of all approved Claims submitted. If Settlement Award funds remain, those funds will be donated to a court approved cy pres recipient. The enhanced services and limited warranty, valued at no less than $25 per television, will be available to all Settlement Class Members regardless of whether they make a claim for a Settlement Award. Class Counsel will ask the Court to approve an award of up to $9,975,000 for attorneys’ fees and costs, $250,000 for notice and settlement administration costs, and $25,000 to the Class Representative, all to be paid separately and apart from the relief provided to Settlement Class Members.
What Are the Terms of the Settlement. The proposed Settlement was agreed upon between Defendants and Class Counsel after a mediation 9 with employment class action mediator Xxxxx Xxxxxx, Esq. Class Counsel believes that this Settlement, the terms of which are summarized below, is fair, reasonable, adequate, and in the best interests of the 10 Class. Plaintiffs and Xxx Xxxxxx agree that it is desirable that the litigation be settled to avoid further expense and uncertainty, burdensome and potentially protracted litigation, and to resolve all claims that 11 have been or could have been asserted.
