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 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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Examples of Gross Settlement Payment in a sentence

  • WHAT HAS CONTINENTAL AGREED TO DO UNDER THE SETTLEMENT? Claim Period 1: Continental has agreed to pay the Sub-Class 1 Members their allocated share of a Gross Settlement Payment ofForty-Nine Million Eight Hundred Thousand Dollars ($49,800,000.00).

  • This calculation will produce an hourly factor, which then will be multiplied by each Participating Class Member’s individual Compensable Work Hours to calculate each individual’s Gross Settlement Payment.

  • This calculation will produce an hourly factor, which then will be multiplied by each Participating Class Member’s individual Compen- sable Work Hours to calculate each individual’s Gross Settlement Payment.

  • 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.

  • In such case, the Class Members and PwC shall be returned to their respective statuses as of the date immediately prior to the execution of this Settlement Agreement, and the Gross Settlement Payment and any resulting interest shall be returned to PwC.

  • A distribution plan, which is intended to fairly and equitably allocate to each Class Member his or her pro rata share of the Gross Settlement Payment, has been proposed to and preliminarily approved by the Court.

  • 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).

  • 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.

  • Fifty percent (50%) of each Qualified Class Members’ Initial Gross Settlement Payment shall be allocated as consideration for settling state law claims, and fifty percent (50%) shall be allocated as consideration for settling their federal Fair Labor Standards Act claims.

  • This Gross Settlement Payment includes all wages, damages, penalties, liquidated damages, interest, and any other amounts payable or owed to the Named Plaintiffs and Opt-in Plaintiffs, and all attorneys’ fees or costs.


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.
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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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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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Related to Gross Settlement Payment

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees 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.

  • 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 the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • 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 means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • 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 means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

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

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of 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 means the amount the Issuer or any paying agent pays the Holder after deducting or withholding an amount for or on account of any present or future tax, assessment or other governmental charge imposed with respect to that payment by a taxing authority (including any withholding or deduction attributable to additional amounts payable pursuant to this Section).

  • 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.