Individual Settlement Amount definition

Individual Settlement Amount means the amount which is ultimately distributed to each

Individual Settlement Amount means the monetary amount calculated as of the end date of the Class Period that is allocated to each Class Member.

Individual Settlement Amount means the monetary amount calculated as of the end date of the Class Period that is allocated by the Settlement Administrator to each Settlement Class Member. The Settlement Administrator will be charged with determining the applicable Individual Settlement Amount for each Class Member in accordance with data provided by Viridian and the terms of this Agreement.

Examples of Individual Settlement Amount in a sentence

• The Individual Settlement Amount for each Class Participant (a Class Member that does not opt-out of the Settlement) will be calculated as follows.

• If permitted to participate in the Settlement, such individuals shall be considered Claimants for all purposes under this Agreement and will not be permitted to opt out of the Settlement pursuant to Section 2.5. To the extent possible, such decisions shall be made prior to the distribution of the Final Individual Settlement Amount.

• The workweek value will be multiplied by the number of workweeks each Class Member worked during the Class Period to determine the Individual Settlement Amount for each Class Member.

• Your Individual Settlement Amount reflected in this Notice is only an estimate.

• Each Individual Settlement Amount will be subject to reduction for the employee’s share of taxes and withholdings with respect to the wages portion of the Individual Settlement Amount, resulting in a net payment to the Settlement Class Member referred to as the “Individual Settlement Payment.” If the Court grants final approval of the settlement, Individual Settlement Payments will be mailed to Participating Class Members at the address that is on file with the Settlement Administrator.

More Definitions of Individual Settlement Amount

Individual Settlement Amount means a Class Participant’s share of the Net Settlement

Individual Settlement Amount means an individual Class Member’s and Aggrieved

Individual Settlement Amount means the amount offered to each State Law Class Member and/or FLSA Collective Member pursuant to Section 3.6(C) of this Agreement.

Individual Settlement Amount means Twenty-Two Thousand Dollars ($22,000.00).

Individual Settlement Amount means an individual Participating Class Member’s

Individual Settlement Amount means the payment(s) to be distributed to each Participating Class Member in accordance with the allocation formula set forth in Section 3.4 herein, and to be distributed by the Settlement Administrator from the Net Settlement Fund.

Individual Settlement Amount shall have the meaning ascribed to it in Paragraph 11 [48(d)] below.