Examples of Class Representative Payment in a sentence
The Parties agree that the denial, downward modification, or failure to grant the request for attorneys’ fees or expenses or the request for Class Representative Payment shall not constitute grounds for modification or termination of the Settlement Agreement.
Any Class Representative Payment, Settlement Class Counsel Fees Payment and Settlement Class Counsel Litigation Expenses Payment, PAGA Allocation (including PAGA Payments), Settlement Shares, and the Settlement Administrator’s reasonable fees and expenses in administering the Settlement shall be deducted from the Gross Settlement Amount.
Plaintiffs intend to request Seven Thousand Five Hundred Dollars ($7,500) per Class Representative as the Class Representative Payment.
If the Court approves a Class Representative Payment of less than Seven Thousand Five Hundred Dollars ($7,500) for each Plaintiff, the remainder of the unapproved amount will be part of the Net Settlement Amount in accordance with the calculation explained in Section III.D. Payroll tax withholding and deductions will not be taken from the Class Representative Payment and instead an IRS Form 1099 will be issued to each Plaintiff by the Settlement Administrator reflecting the Class Representative Payment.
The Settlement Administrator will pay the Class Representative Payment approved by the Court out of the Gross Settlement Amount.