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.
Sample 1Sample 2
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
Sample 1
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.
Sample 1

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.

  • Defendant will issue payment to the Settlement Administrator for the Gross Settlement Payment as described herein within the later of thirty (30) calendar days following: (i) the Effective Date; and/or (ii) the date upon which the Settlement Administrator provides Defendant with payment instructions including all details needed for Defendant to issue payment.

  • The Settlement Administrator shall also be responsible for calculating the employer’s share of all required payroll taxes on the Individual Settlement Amounts, deducting this amount from the Gross Settlement Payment, and paying and reporting those taxes to the appropriate taxing authorities.

  • To the extent any Class Member does not timely submit a Claim Form (other than those individuals who previously opted into the Action) and/or excludes his/herself from the Settlement, their calculated Settlement Share will remain the property of Defendant; the amounts attributable to these Settlement Shares will not be included in the Gross Settlement Payment Defendant pays to the Settlement Administrator.

  • 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.

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

  • 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.

  • The Named Plaintiffs’ Service Awards, if authorized by the Court, will be paid by the Settlement Administrator from the Gross Settlement Payment.

  • Any fees or costs incurred by the Settlement Administrator in updating addresses are Settlement Expenses and are included in the Gross Settlement Payment.


More Definitions of Gross Settlement Payment

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.
Sample 1Sample 2
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.
Sample 1
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.
Sample 1

Related to Gross Settlement Payment

  • 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.

  • 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.

  • 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:

  • 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.

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

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

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

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

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

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Contract Adjustment Payments means amounts payable by the Company on each Contract Adjustment Payment Date in respect of each Purchase Contract, at a rate per year of 2.725% on the Stated Amount per Purchase Contract.

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

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

  • Net Payment With respect to any Distribution Date on or prior to the Swap Contract Termination Date, an amount equal to the sum of (i) any Current Interest and Interest Carry Forward Amounts in respect of the Benefited Certificates, (ii) any Net Rate Carryover in respect of the Benefited Certificates, (iii) any Unpaid Realized Loss Amounts in respect of the Benefited Certificates and (iv) any Overcollateralization Deficiency Amount, in each case remaining unpaid (or in the case of Overcollateralization Deficiency Amount, remaining) following the distribution to the Benefited Certificates of Excess Cashflow and Credit Comeback Excess Cashflow pursuant to Section 4.04(c) of the Pooling and Servicing Agreement. With respect to any Distribution Date after the Swap Contract Termination Date, zero.

  • 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).

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

  • Event Payments has the meaning set forth in Section 6.1(d).

  • 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.