Gross Settlement Payment definition

Gross Settlement Payment means the gross sum payable to each Participating Class Member, prior to any deductions for taxes, pursuant to this Settlement Agreement.
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Gross Settlement Payment means the amount of Nine Hundred Thousand U.S. Dollars and No Cents ($900,000.00) that PwC shall provide to the Settlement Administrator for distribution pursuant to the terms of this Settlement Agreement. The Gross Settlement Payment is inclusive of all litigation and Court costs, Fee Award, Expense Award, all payments to the Class, Class Members, and Class Representatives, including Class Representative Service Awards, Other Named Plaintiffs, including Other Named Plaintiff Settlement Awards, and Class Members’ Administrative Costs
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Gross Settlement Payment means the amount of Seven Million Two Hundred Ten Thousand Dollars and Zero Cents ($7,210,000.00). This amount shall be the maximum that Comcast will pay pursuant to the Agreement and is inclusive of all payments necessary to implement this Agreement and dismiss the Litigation, including all attorneys’ fees and costs, third party administration costs, Named Plaintiff Enhancement Payments, Named Plaintiff Individual Claim Payments, and Class Member Payments. Notwithstanding the foregoing, the Company shall pay the employer’s portion of payroll taxes outside the Gross Settlement Payment, as provided in Paragraph 5.3.
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Examples of Gross Settlement Payment in a sentence

  • The settlement provides that Class Counsel will receive up to Four Million Dollars ($4,000,000) of the Gross Settlement Payment in payment to them of their reasonable attorneys’ fees and costs in pursuing this litigation on behalf of the Named Plaintiffs and the class.

  • For tax purposes, 50% of each Qualified Claimant's payment of his or her Individual Gross Settlement Payment pursuant to Section III.E, below, will be treated as wages and 50% of such payment shall be treated as liquidated damages, interest, and other non-wage amounts.

  • Prior to the initial mailing of the Notice Packets, the Settlement Administrator will provide counsel for the Settling Parties with a spreadsheet identifying the amount of the Named Plaintiff’s and each Potential Opt-In Plaintiff’s Potential Gross Settlement Payment as reflected in their individual Notices (i.e., their individual allocations).

  • Comcast shall pay the “employer’s share” of any and all payroll taxes in addition to the Gross Settlement Payment.

  • Defendants agree that they are solely responsible for payment of the employer’s share of all payroll taxes on that portion of the Gross Settlement Payment being treated as wages (as set forth in paragraphs 3(A)((1)- (7)) above) and reported on a Form W-2.

  • No later than twenty-one (21) days after the Effective Date, the Board shall pay or cause to be paid via a check or checks delivered to Class Counsel and/or wire transfer to WinTrust Bank a sum of money totaling the Gross Settlement Payment for deposit into the interest-bearing account created by Class Counsel in the name of the Class Settlement Trust Fund.

  • The individual Notices sent to the Named Plaintiff and Potential Opt-In Plaintiffs will reflect the individual recipient’s Potential Gross Settlement Payment.

  • The remaining Settlement Expenses will be paid solely from the Gross Settlement Payment.

  • To increase the usage of digital payments by improving the efficiency of payments infrastructure and promoting competition among providers, the Borrower, through BSP, has enhanced and streamlined access to intraday liquidity, including to non- banks, in the Peso Real-Time Gross Settlement Payment System as evidenced by BSP Circular No. 1181 (Series of 2023) dated November 10, 2023.

  • Payment to the Settlement Administrator for any outstanding Settlement Expenses will be taken from the Maximum Gross Settlement Payment within five (5) calendar days after Defendant deposits the amount into the qualified settlement fund.


More Definitions of Gross Settlement Payment

Gross Settlement Payment means the amount of Nine Million Two Hundred Fifty Thousand Dollars and Zero Cents ($9,250,000.00). The maximum amount of the Board’s contribution thereof shall be One Million Seven Hundred Thousand Dollars and Zero Cents ($1,700,000.00) and the Board will cause the remaining balance of Seven Million Five Hundred Fifty Thousand Dollars and Zero Cents ($7,550,000.00) to be funded by certain third- party funding. Except as noted below in this paragraph, this amount shall be the maximum settlement amount pursuant to the Agreement, inclusive of all other payments necessary to implement this Agreement and dismiss the Litigation with prejudice, including all attorneys’ fees and costs, Named Plaintiff Enhancement Payments, Class Member Payments, and employee and employer side payroll taxes and pension contributions, to the extent that any such payroll taxes or pension contributions are deemed required by any state or federal agency or Court. Notwithstanding the foregoing, the Board shall pay or cause all reasonable costs of the Settlement Administrator to be paid.
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Gross Settlement Payment means the all-in non-reversionary payment by Defendant of $774,500.00 to resolve this case in its entirety and all of the Released Claims, which includes those alleged in the Complaint. The Gross Settlement Payment is the total monetary payment required from Defendant under this Agreement, and is inclusive of all costs except for any internal costs necessary to provide the Lead benefits to Settlement Class Members. The payment shall be used to pay for all monetary benefits to class members, the Fee Award and Costs, the Service Award, and the Settlement Administration Costs. Under no circumstances shall Defendant be required to pay more than the Gross Settlement Amount to consummate the Agreement and effectuate the Settlement.
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Gross Settlement Payment means the total monetary payment that Defendant will make under this Agreement and is inclusive of all payments to Plaintiffs (including Service Awards), payments to Participating Class Members, attorneys’ fees and costs (inclusive of all expenses and fees incurred through the conclusion of the settlement administration process), costs of settlement administration, any employer-side payroll taxes associated with payment to Participating Class Members, and any other costs, expenses or fees related to the Action or Settlement unless excluded under the terms of this Agreement.
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Related to Gross Settlement Payment

  • Gross Settlement Amount means $950,000.00 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.

  • 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.

  • Individual Settlement Payment means the amount payable from the Net

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

  • 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.