Class Settlement Payment definition

Class Settlement Payment is the allocation from the Net Settlement Amount paid to Settlement Class Members and does not include the PAGA Group Payment to PAGA Members.
Sample 1
Class Settlement Payment means the sum of: (1) $25 multiplied by the number of 22 Participating Claimants, if the number of Valid Claims is 5,000 or less; or (2) $21 multiplied by the 23 number of Participating Claimants, if the number of Valid Claims is between 5,001 and 10,000; or 24 (3) $17 multiplied by the number of Participating Claimants, if the number of Valid Claims is 25 10,001 or more. In the event that the total of the Class Settlement Payment (as calculated above) is 26 less than $125,000, then the balance shall be distributed as provided for in Article III(4) of this 27 Second Amended Settlement Agreement.
Sample 1
Class Settlement Payment or “Settlement Payment” means a payment to a Settlement Class Member as set forth in Section VIII of this Settlement Agreement.
Sample 1

Examples of Class Settlement Payment in a sentence

  • If the claimant receiving the 60% payment is an Economic Class Member, the claimant has a right to additionally recover from the Settlement Program the greater of: (a) the remaining 40% of the GCCF offer, or (b) the Class Settlement Payment minus anyamount previously paid by the Transition Process, in either case in exchange for an Individual Release.

  • Only Settlement Class Members will be eligible to receive a Class Settlement Payment.

  • Payment to the PAGA Releasees of their portion of the PAGA Payment shall be paid to each of them by way of a check (“PAGA Payment Check”), which may be combined with the Class Settlement Payment.

  • Payments to the FCRA Subclass Members will be distributed in equal shares to each FCRA Subclass Member.Class Members do not need to submit an FLSA Opt-In Consent Form and opt into the California FLSA Collective to receive an Individual Class Settlement Payment from the Aggregate Class Payment Amount.

  • The business strategies of the company, as always, have continued to focus on improving energy usage efficiencies, in line with the Company’s goal of sustainable growth.

  • The Claims Administrator will issue you a check for your Class Settlement Payment and PAGA Employee Payment, as applicable.

  • The PAGA Payment Check represents the portion of the civil penalties awarded directly under PAGA and may be included in conjunction with the Class Settlement Payment, or separately.

  • Upon receipt of the Class Settlement Payment into the Class Escrow Account, there shall be an immediate disbursement to the Settlement Administrator in the amount of $50,000 for initial Administration Costs.

  • Based on preliminary estimates, the gross amount of the Class Settlement Payment you would receive for your share of the Settlement (“Settlement Share”) would be approximately $[insert amount].

  • The Class Settlement Payment will be allocated for tax purposes as follows: (a) 33.4% as wages, (b) 33.3% as penalties, and (c) 33.3% as interest.Uncashed Checks:All checks issued to Participating Class Members shall remain valid and negotiable for one hundred and eighty(180) days from the date of their issuance.


More Definitions of Class Settlement Payment

Class Settlement Payment means the net amount paid by check to each Settlement
Sample 1

Related to Class Settlement Payment

  • Individual Settlement Payment means the amount payable from the Net

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour.

  • Purchase Contract Settlement Date means [ ].

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.