Individual Net Amount. The Individual Net Amount represents a Claimant’s allocation as calculated pursuant to this Agreement.
Individual Net Amount means the amount paid to the individual Authorized Claimants after deduction for taxes required to be withheld from employee compensation or other income, pursuant to Section 3.1.
Individual Net Amount means the amount allocated to the individual Authorized Claimants after set-offs for taxes, Service Awards, and Costs and Fees.
Examples of Individual Net Amount in a sentence
Any reduction reflected in the difference between the Individual Gross Amount and Individual Net Amount will not affect the Final Settlement Amount or the Authorized Claimants’ Share.
The Settlement Claims Administrator shall calculate the appropriate and regular tax deductions from each Authorized Claimant’s Individual Gross Amount (as calculated by Section 3.5B) to determine the Individual Net Amount.
The Individual Net Amount will be the amount reflected on the Settlement Checks.
Fifty percent (50%) of each Authorized Claimant’s Individual Net Amount will be taxed as wages and fifty percent (50%) will be taxed as 1099- Misc non-wage income representing liquidated damages and interest.
More Definitions of Individual Net Amount
Individual Net Amount means the allocated amount to be paid to an Authorized Claimant after deducting his or her proportionate share of the Fees and Costs Payment.
Individual Net Amount means the amount paid to the individual Authorized Claimants after proper taxes are withheld and paid pursuant to Section 6.7.