Gross Settlement Amount definition

Gross Settlement Amount means $182,500.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment and the Administrator’s Expenses.

Gross Settlement Amount means the sum of nine million six hundred fifty thousand dollars ($9,650,000), contributed to the Qualified Settlement Fund in accordance with § 5. The Gross Settlement Amount shall be the full and sole monetary payment made on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement. After the Effective Date, no portion of the Gross Settlement Amount shall be returned to Defendants.

Gross Settlement Amount means $1,240,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment and the Administrator’s Expenses.

Examples of Gross Settlement Amount in a sentence

• The Parties agree that the Gross Settlement Amount will qualify as a QSF pursuant to the requirements of section 468(B)(g) of the Internal Revenue Code of 1986, as amended, and section 1.468B-1.

• The reasonable Settlement Administration Costs through and beyond the Final Approval Hearing are estimated not to exceed $8,000.00 and shall be paid from the Gross Settlement Amount subject to Court approval.

• Defendant shall not be required to pay more than the Gross Settlement Amount and Employer Taxes to obtain the relief (including, but not limited to, enforcement of the Settlement, releases of all claims, and issuance of the Final Approval Order) provided in this Settlement or to fully and finally settle and resolve the Released Class Claims, Released PAGA Claims, or the Plaintiff’s Released Claims.

• The successful delivery of the Gross Settlement Amount to the Settlement Administrator plus its share of Employer’s Taxes shall be deemed to have satisfied all the terms and conditions under this Settlement, shall be entitled to all protections afforded to Defendant, shall constitute full and complete discharge of the entire obligation of Defendant, and will trigger the release of the Released Class Claims, Released PAGA Claims, and Plaintiff’s Released Claims under this Agreement.

• Upon Defendant’s deposit of the Gross Settlement Amount with the Settlement Administrator, Plaintiff and all other Settlement Class Members, on behalf of themselves, as well as on behalf of all of their agents, heirs, beneficiaries, devisees, legatees, grantees, transferees, executors, administrators, trustees, conservators, guardians, estates, personal representatives, successors-in-interest, and assigns, fully and forever release, acquit, and discharge the Released Parties from all Released Class Claims.

More Definitions of Gross Settlement Amount

Gross Settlement Amount means the sum of thirteen million ($13,000,000), contributed to the Qualified Settlement Fund in accordance with Article 5. The Gross Settlement Amount shall be the full and sole monetary payment to the Settlement Class, Plaintiffs, and Class Counsel made on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement. Defendants and their insurers will make no additional payment in connection with the Settlement of the Class Action.

Gross Settlement Amount means $1,500,000.00 (one million five hundred thousand dollars), which shall be the maximum gross amount that Defendants will pay pursuant to this Settlement Agreement, inclusive of settlement payments; any Service Award to the Settlement Class Representatives approved by the Court; costs of Notice and Administrative Expenses; and any award of Court approved attorneys’ fees and costs. In no event shall Defendants be required to pay any amount beyond the Gross Settlement Amount.

Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 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.

Gross Settlement Amount means the sum of fifteen million dollars ($15,000,000.00), contributed to the Qualified Settlement Fund in accordance with Article 5. Defendants shall cause this amount to be paid directly by their fiduciary liability insurer(s), as applicable. The Gross Settlement Amount shall be the full and sole monetary payment to the Settlement Class, Plaintiffs, and Class Counsel made by or on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement. Neither Defendants nor their insurer(s) will make any additional payment in connection with the Settlement of the Class Action.

Gross Settlement Amount means Three Hundred Fifty-Five Thousand Dollars ($355,000) which is the total amount Defendants agree 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.

Gross Settlement Amount means the sum of one million, eight hundred and seventy-five thousand dollars ($1,875,000), contributed to the Qualified Settlement Fund in accordance with Article 5. Defendants shall cause this amount to be paid directly by their fiduciary liability insurer. The Gross Settlement Amount shall be the full and sole monetary payment to the Settlement Class, Plaintiffs, and Class Counsel made by or on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement. Neither Defendants nor their insurer(s) will make any additional payment in connection with the Settlement of the Class Action.

Gross Settlement Amount or “GSA” means $3,888,888.00 which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Class Payments, PAGA Payment, Class Counsel Fees Payment, Class Counsel Expenses Payment, Class Representative Service Payments, Employer Taxes, and Administration Expenses Payment.