Individual Settlement Award definition

Individual Settlement Award means the amount payable from the Net Settlement
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Individual Settlement Award means the total gross amount (subject to applicable payroll
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Individual Settlement Award means the amount payable from the Net Settlement Amount to each Participating Settlement Class Member.
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Examples of Individual Settlement Award in a sentence

  • Settlement Class Members are not required to submit a claim form to receive their Individual Settlement Award.

  • This payment will be in addition to Plaintiff’s Individual Settlement Award as a Settlement Class Member and shall be reported on an IRS Form 1099 by the Settlement Administrator.

  • If you do nothing, you will be entitled to your share of the Settlement based on the proportionate number of workweeks you worked during the Class Period (as explained above), and as stated in the accompanying Notice of Individual Settlement Award.

  • From the Net Settlement Fund, the Settlement Administrator will calculate each Settlement Class Member’s Individual Settlement Award.

  • Named Plaintiffs agree that they will not seek an Individual Settlement Award of greater than $2,500 each.

  • The lowest Individual Settlement Award to a Settlement Class Member is estimated at $ .

  • Based on the above, your Individual Settlement Award is estimated at $ .

  • Each Settlement Class member receiving payment of an Individual Settlement Award shall receive appropriate documentation setting forth the gross total payment and the amount of any tax or other payment withheld, in addition to the employer contribution made, in accordance with applicable tax requirements.

  • In accordance with applicable tax laws, such sums as are required to comply with tax laws shall be withheld from each Claimant’s Individual Settlement Award and remitted to the appropriate taxing authorities.

  • The Settlement Administrator shall be responsible for sending all required notices, calculating the Net Settlement Fund, calculating each Class Member’s Individual Settlement Award amount, preparing all checks and mailings and disbursing all residuals resulting from uncashed settlement checks as set forth in Section 4(E).


More Definitions of Individual Settlement Award

Individual Settlement Award means the specific total payment under the Settlement Agreement for each Collective Action Settlement Member, which includes amounts for allegedly unpaid wages and overtime, as well as liquidated damages, as set forth in Paragraph 9 below.
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Individual Settlement Award means the portion of the Maximum Settlement Amount allocated and distributable to each Participating Claimant. Only individuals who become Participating Claimants are eligible to receive the Individual Settlement Award under this Settlement Agreement.
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Individual Settlement Award. Individual Settlement Award shall mean the proportionate share of the Net Settlement Fund allocated to each individual Class Member according to the allocation formula set forth herein.
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Individual Settlement Award means the amount payable from the
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Individual Settlement Award means the amount payable from the Net Settlement Amount to each Class Member for their payment from the FCRA Class Fund.
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Related to Individual Settlement Award

  • Individual Settlement Payment means the amount payable from the Net

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • Replacement Award means an Award granted in assumption of, or in substitution for, an outstanding award previously granted by a company or business acquired by the Company or with which the Company, directly or indirectly, combines.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • 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:

  • Share Termination Settled in relation to the Transaction means that the Share Termination Alternative is applicable to the Transaction.

  • Full Value Award means an Award other than in the form of an ISO, NQSO, or SAR, and which is settled by the issuance of Shares.

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Cash Performance Award means an Award that is denominated by a cash amount to an Eligible Person under Section 10 hereof and payable based on or conditioned upon the attainment of pre-established business and/or individual Performance Goals over a specified performance period.

  • Parent Award means the Electrical Electronic and Communication Contracting Industry (State) Award.

  • 3(i) Award means an Award granted pursuant to Section 3(i) of the Ordinance to any person who is a Non- Employee.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • option-based award means an award under an equity incentive plan of options, including, for greater certainty, share options, share appreciation rights, and similar instruments that have option-like features;

  • Cash Settlement Averaging Period means (a) with respect to any Conversion Date occurring on or after the 24th Scheduled Trading Day immediately preceding the Maturity Date, the twenty (20) consecutive Trading Day period ending on, and including, the third Scheduled Trading Day immediately preceding the Maturity Date and (b) in all other cases, the twenty (20) consecutive Trading Day period beginning on, and including, the third Trading Day immediately following the relevant Conversion Date.

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

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Grant Award The Provider is required to match the grant award as required in the rules implementing the Federal Victims of Crime Act. Match contributions equal to 20 percent (cash or in-kind) of the total cost of each VOCA project (VOCA grant funds plus match contributions) must be reported monthly to the OAG. All funds designated as match contributions are restricted in the same manner and to be expended for the same uses as the VOCA victim assistance grant funds and must be expended within the grant period. Unless otherwise approved by the OAG, match contributions must be reported on a monthly basis in an amount consistent with the amount of funding requested for reimbursement.

  • 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.

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

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • 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.

  • 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.

  • Vesting Date has the meaning set forth in Section 3.10(c)(ii).

  • Net Settlement Fund means the Settlement Fund, plus accrued interest, less any award of attorneys’ fees or reimbursement of expenses and less applicable taxes, tax preparation expenses, and costs of notice and administration, that may be awarded or approved by the Court.