Examples of Fee & Expense Award in a sentence
The motions for Class Representative Service Awards and Fee & Expense Award in the California Action shall encompass and resolve the claims of the Minnesota Plaintiffs for class representative incentive awards, and for the Minnesota Plaintiffs’ counsel’s attorneys’ fees and expense reimbursement.
The Net Settlement Fund means the $5,000,000 Cash Settlement Amount minus Class Representative Service Awards and Fee & Expense Award.
The Cash Settlement Amount encompasses all cash compensation to the Settlement Class, inclusive of the Fee & Expense Award; the Service Awards; and all Administrative Costs.
It is the intention of the Parties to demarcate clearly between proceeds from the Settlement in which Class Members have an interest, which may subject them to tax liability, and the Fee & Expense Award.
Accordingly, the amount paid separately to Class Counsel for the Fee & Expense Award is independent of and apart from the amounts paid to Class Members, and Class Members shall at no time have any interest in the Fee & Expense Award.
The Parties make no representation regarding and shall have no responsibility for the tax treatment of the Fee & Expense Award, or any other payments paid to Class Counsel or the tax treatment of any amounts paid under this Agreement.
No Party may terminate the Settlement because of (1) any intervening change in law impacting the claims alleged in the Action, or (2) the amount of the Fee & Expense Award awarded to Class Counsel or of any Service Awards awarded to Plaintiffs.
None of the following are conditions of the Settlement: (a) Court approval of the Service Award, (b) Court approval of the Fee & Expense Award, (c) Court approval of the proposed Plan of Allocation or (d) Court certification of a Class under Rule 23(b)(2) rather than Rule 23(b)(3).
Payment of the Fee & Expense Award shall be made from the Settlement Fund by wire transfer to Xxxxxx Xxxxxx Xxxxx Xxxxxxx LLP, in accordance with wire instructions to be provided by Xxxxxx Xxxxxx Xxxxx Xxxxxxx LLP, and completion of necessary forms, including but not limited to W-9 forms.
The Cash Settlement Amount encompasses all cash compensation to the Class Members, inclusive of the Fee & Expense Award and any other attorneys’ fees and costs; the Service Awards; and all Administrative Costs.