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

Xxx Allocation of Individual Class Payments. of each Participating Class Member’s 7 Individual Class Payment will be allocated to 8 settlement of wage claims (the “Wage 9 Portion”). The Wage Portions are subject to 10 tax withholding and will be reported on an 11 IRS W-2 Form. The remaining 85% of each 12 Participating Class Member’s Individual 13 Class Payment will be allocated to settlement 14 of claims for penalties and interest (the “Non- 15 Wage Portion”). The Non-Wage Portions are 16 not subject to wage withholdings and will be 17 reported on IRS 1099 Forms. Participating 18 Class Members assume full responsibility 19 and liability for any employee taxes owed on 20 their Individual Class Payment.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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Xxx Allocation of Individual Class Payments. Twenty percent 25 (20%) of each Participating Class Member’s 7 Individual Class 26 Payment will be allocated to 8 settlement of wage claims (the 27 “Wage 9 Portion”). The Wage Portions are subject to 10 tax 28 withholding and will be reported on an 11 IRS W-2 Form. The remaining 85% Eighty 1 Percent (80%) of each 12 Participating Class Member’s Individual 13 2 Class Payment will be allocated to settlement 14 of claims for 3 interest and penalties and interest (the “Non- 15 Non-Wage Portion”). The Non-Non- 4 Wage Portions are 16 not subject to wage withholdings and will be 17 5 reported on IRS 1099 Forms. Participating 18 Class Members 6 assume full responsibility 19 and liability for any employee taxes 7 owed on 20 their Individual Class Payment.

Appears in 1 contract

Samples: Class Action and Paga Settlement Agreement

Xxx Allocation of Individual Class Payments. Ten percent (10%) of each Participating Class Member’s 7 Member’s Individual Class Payment will be allocated to 8 settlement of wage claims (the “Wage 9 Portion”“Wage Portion”). The Wage Portions are subject to 10 tax withholding and will be reported on an 11 IRS W-2 Form. The remaining 85% ninety percent (90%) of each 12 Participating Class Member’s Member’s Individual 13 Class Payment will be allocated to settlement 14 of claims for penalties and interest (10%) and penalties (80%) (the “Non- 15 “Non-Wage Portion”Portion”). The Non-Wage Portions are 16 not subject to wage withholdings and will be 17 reported on IRS 1099 Forms. Participating 18 Class Members assume full responsibility 19 and liability for any employee taxes owed on 20 their Individual Class Payment.

Appears in 1 contract

Samples: Class Action and Paga Settlement Agreement

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Xxx Allocation of Individual Class Payments. Ten percent 5 (10%) of each Participating Class Member’s 7 Individual Class 6 Payment will be allocated to 8 settlement of wage claims (the 7 “Wage 9 Portion”). The Wage Portions are subject to 10 tax 8 withholding and will be reported on an 11 IRS W-2 Form. The remaining 85% Ninety 9 Percent (90%) of each 12 Participating Class Member’s Individual 13 10 Class Payment will be allocated to settlement 14 of claims for 11 interest and penalties and interest (the “Non- 15 Non-Wage Portion”). The Non-Non- 12 Wage Portions are 16 not subject to wage withholdings and will be 17 13 reported on IRS 1099 Forms. Participating 18 Class Members 14 expressly assume full responsibility 19 and liability for any 15 employee taxes owed on 20 their Individual Class Payment.

Appears in 1 contract

Samples: Settlement Agreement

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