Gross Settlement Fund definition

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

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Gross Settlement Fund means the Settlement Amount plus all

Gross Settlement Fund means the Settlement Amount plus any interest earned thereon.

Examples of Gross Settlement Fund in a sentence

• Defendant will pay the Gross Settlement Fund in two installments.

• In consideration for releases and promises contained in this Agreement, and subject to Court approval, Defendant agrees to pay the amount of the Gross Settlement Fund into an interest-bearing account established and administered by the Settlement Administrator.

• If the Settlement Agreement is not finally approved for any reason, any monies paid toward the Gross Settlement Fund belong to Defendant, less any Administrative Expenses incurred.

• Administrative Expenses shall be paid to the Settlement Administrator from the Gross Settlement Fund and may be drawn after the first installment payment is deposited into the Settlement Fund as discussed in Paragraph 39(vii), above.

• Within twenty-one (21) days after the Effective Date, the Settlement Administrator shall pay the Service Award to Plaintiff from the Gross Settlement Fund via a check made payable to Plaintiff and mailed to the address identified on the W-9 tax form provided by Plaintiff to the Settlement Administrator in advance thereof.

More Definitions of Gross Settlement Fund

Gross Settlement Fund means the sum of the Settlement Amount and all interest earned on the Settlement Amount.

Gross Settlement Fund means the Cash Settlement Amount, as defined herein, and any interest earned thereon.

Gross Settlement Fund means the Gross Cash Settlement Fund plus the Gross Settlement Shares.

Gross Settlement Fund means the sum of USD $7,000,000.00 which the Defendants have agreed to pay to fully and finally settle the Action, inclusive of any and all costs, expenses, or fees, including compensation for Approved Claims, Honorarium, interest, legal costs and disbursements, Counsel Fees, and Administration Costs.

Gross Settlement Fund means the Settlement Amount plus all interest earned

Gross Settlement Fund means the fund described in Paragraph 3 of this Settlement Stipulation.

Gross Settlement Fund means the maximum amount of Seventy-Three Million Dollars ($73,000,000.00). This fund will cover the settlement allocations to all Eligible and FLSA Class Members, attorneys’ fees and costs, all applicable payroll taxes, the total amount of service payments to certain plaintiffs, a payment to the California Labor and Workforce Development Agency and all allegedly aggrieved employees in California for settlement of claims under the California Labor Code Private Attorney General Act, Cal. Lab. Code § 2698, et seq., and Administrative Costs, such that Defendants’ maximum total settlement liability shall not exceed $73,000,000.00.