Class Payment definition

Class Payment means the amount to be paid to a Claimant who is eligible to receive a share of the Net Settlement Amount under this Settlement Agreement.

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Class Payment means the share of the Net Settlement Fund provided to each Settlement Class Member pursuant to the Plan of Allocation described herein.

Class Payment means either a Cash Award or a Credit Award offered to purchasers of a FieldTurf Duraspine field.

Examples of Class Payment in a sentence

• Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

• The Administrator may send Participating Class Members a single check combining the Individual Class Payment and the Individual PAGA Payment.

• The first page of the Class Notice shall prominently estimate the dollar amounts of any Individual Class Payment and/or Individual PAGA Payment payable to the Class Member, and the number of Workweeks and PAGA Pay Periods (if applicable) used to calculate these amounts.

• The single check will combine the Individual Class Payment and the Individual PAGA Payment.

• You don’t have to do anything to participate in the proposed Settlement and be eligible for an Individual Class Payment and/or an Individual PAGA Payment.

More Definitions of Class Payment

Class Payment means a total of (i) $30,000,000 in Combined Company Common Stock, the number of shares of which is to be calculated using the pro forma net asset value reported in the proxy supplement disclosing the Amended MCC Merger Agreement (the “Stock Component”) and (ii) $17,000,000 in cash (the “Cash Component”).

Class Payment means the cash sum of $27.5 million ($27,500,000) that the HII Defendants will pay into the Settlement Fund to settle the Action in accordance with the terms of this Settlement Agreement. For the avoidance of doubt, ▇▇. ▇▇▇▇▇▇▇▇ shall not be responsible for any portion of the Consideration or Class Payment. Other than the Consideration or Class Payment, Defendants shall owe no additional monies of any kind under this Settlement Agreement.

Class Payment means payment to a Class Member based on the $100 Tow Release Fee at issue in the Action.

Class Payment means the distributions from the Net Settlement Amount to each Class Member as set forth in Section 6.

Class Payment means the amount to be paid to a Settlement Class Member who is eligible to receive a share of the Net Settlement Fund under this Settlement Agreement.

Class Payment means a total of (1) $100,814,896.92 in damages; (2) plus $12,461,138.59 in interest from November 1, 2013 (the “Merger Date”) through November 15, 2015; (3) plus $17,802.79 in per diem interest thereafter – which shall be deposited into the Account pursuant to the Settlement.2 If the Federal Reserve Discount Rate changes during the time that any payment remains outstanding, the accrued and daily rate of interest shall be re-calculated to account for that change; provided, however, that in all events interest on the Class Payment and/or on any portion thereof shall cease to accrue as of the date of deposit into the Account. The Class Payment is to be funded by ▇▇▇▇▇▇▇ on behalf of all Defendants.

Class Payment means the cash sum of $13.5 millio n ($13,500,000.00) that Assurance will pay into the Settlement Fund to settle the Action in accordance with the terms of this Settlement Agreement. Other than the Consideration or Class Payment, Assurance shall owe no additional monies of any kind under this Settlement Agreement.