Maximum Gross Settlement Amount means the agreed upon non-revisionary settlement amount totaling One Million Five Hundred Thousand Dollars and Zero Cents ($1,500,000.00) subject to the terms and conditions herein. The Maximum Gross Settlement Amount is inclusive of (1) payments to the Settlement Plaintiffs; (2) the PAGA Payment; (3) Employee’s Taxes and Required Withholdings (4) Class Counsel’s attorneys’ fees; (5) Class Counsel’s costs and expenses related to these Settled Lawsuits not to exceed $30,000.00; (6) all fees, costs, and expenses associated with a mutually agreed upon Settlement Administrator to administer the settlement currently estimated at $20,000.00; and (7) Service Award to the Plaintiff. Under no circumstances shall Defendant be obligated to pay any more than $1,500,000.00, or the specific amounts agreed upon by the Parties as set forth in this Settlement Agreement. Defendant is required to pay Employer Taxes in addition to the Maximum Gross Settlement Amount, as set forth herein, related to payments to Settlement Plaintiffs. Any interest earned on the Maximum Gross Settlement Amount during the period of settlement administration under this Settlement Agreement will remain Defendant’s sole and exclusive property.
Maximum Gross Settlement Amount means $100,000,000 and includes the
Maximum Gross Settlement Amount means the gross amount of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00) that OSL has agreed to pay pursuant to this Settlement Agreement to resolve the claims asserted in the Lawsuit. The Maximum Gross Settlement Amount includes and covers: (a) all Individual Settlement Payments (as defined below) to Settlement Claimants; (b) all Court-approved attorneys’ fees, costs and expenses of Counsel for Settlement Claimants; (c) all Court-approved fees, costs, and expenses associated with a mutually agreed upon Settlement Administrator to administer the Settlement; (d) the Settlement Claimants’ share of all applicable payroll taxes related to their Individual Settlement Payments; and (e) Court-approved service payments to the Named Plaintiffs. The Maximum Gross Settlement Amount does not include the employer’s share of payroll taxes related to Individual Settlement Payments to Settlement Claimants, which shall be paid by OSL in addition to and separate from the Maximum Gross Settlement Amount. The Maximum Gross Settlement Amount is based on an understanding between the Parties that there were approximately 43,000 workweeks worked by exempt-classified Team Leads between April 10, 2017 and October 1, 2020. In the event that the total number of workweeks worked by the Putative Collective Members (as defined below) between April 10, 2017 and October 1, 2020 exceeds 43,050, Named Plaintiffs shall have the option of rescinding the Settlement Agreement; however, OSL shall have the option to preempt Named Plaintiffs’ right to rescind by increasing the Maximum Gross Settlement Amount on a proportional basis based on the percentage by which the actual number of workweeks worked by the Putative Collective Members between April 10, 2017 and October 1, 2020 exceeds 43,050 (e.g., if there is a 7% increaseto the number of workweeks, OSL may avoid rescission by increasing the Maximum Gross Settlement Amount by 7% to void Named Plaintiffs’ right to rescind the Settlement Agreement). Other than as set forth in this Settlement Agreement, OSL shall not be responsible for paying any other amount beyond the Maximum Gross Settlement Amount in connection with this Settlement.
Examples of Maximum Gross Settlement Amount in a sentence
OSL will deposit or transfer into the qualified settlement fund established for this Settlement by the Settlement Administrator the Maximum Gross Settlement Amount within 15 business days of the Effective Date.
All of the costs and fees of the Claims Administrator shall be paid out of and deducted from the Maximum Gross Settlement Amount.
Within 15 business days after OSL has deposited the Maximum Gross Settlement Amount into the qualified settlement fund established for this Settlement, the Settlement Administrator will mail all Individual Settlement Payment checks to Settlement Claimants via First Class mail.
The Maximum Gross Settlement Amount includes amounts appropriated to the Settlement Plaintiffs, the PAGA Payment, Settlement administration costs to the Settlement Administrator, Attorney’s Fees and Costs to Class Counsel, and Service Award.
In addition, notwithstanding the generality of the foregoing, if this Settlement Agreement is terminated for failure to satisfy any of the material terms or conditions of this Settlement Agreement, Defendant shall not be obligated to create or maintain any type of settlement fund, and shall not be obligated to pay any amount in the Maximum Gross Settlement Amount to any Class Member and/or PAGA Releasee, to Class Counsel, to the Settlement Administrator, to the State of California or to the Plaintiff.
More Definitions of Maximum Gross Settlement Amount
Maximum Gross Settlement Amount is One Million Four Hundred Twenty Seven Thousand Dollars and No Cents $1,427,000.00. The Maximum Gross Settlement Amount represents the maximum amount Defendant will pay pursuant to this Settlement Agreement, regardless of distribution, and is inclusive of all Class Counsel’s Fee Award (which includes attorneys’ fees and litigation costs), settlement administration expenses, payments to the Settlement Class, the incentive awards, and any other payments or other monetary obligations contemplated by this Agreement or the Settlement.
Maximum Gross Settlement Amount means Seven Million Six Hundred Thousand Dollars and Zero Cents ($7,600,000.00) subject to the terms and conditions herein. The Maximum Settlement Amount is inclusive of (1) payments to the Settlement Plaintiffs;
Maximum Gross Settlement Amount means Two Million Sixty-Five Thousand Dollars ($2,065,000.00), the maximum amount Alteryx has agreed to pay (other than Employer Payroll Taxes), subject to Section 9.1(B).
Maximum Gross Settlement Amount means the amount of Nine Hundred Seventy-
Maximum Gross Settlement Amount means the maximum 2 amount that Interstate shall cause to be paid pursuant to this Settlement, which is Four Hundred and 3 Seventy Five Thousand Dollars and No Cents ($475,000.00). That sum is and shall be inclusive of 4 the following: (a) the Class Representative Payment to Xxxxxxx Xxxx, Xxxxxx Xxxxxxxx and Xxxxxx 5 Xxxxxxxxx in the amount of up to Ten Thousand Dollars and Zero Cents ($10,000.00) each; (b) Class 6 Counsel’s attorneys’ fees in an amount up to One Hundred Fifty Six Thousand Seven Hundred and 7 Fifth Dollars and Zero Cents ($156,750.00), incurred or to be incurred in the Settlement of the 8 Action, and any appeals; (c) costs and expenses associated with the Action in an amount of up to 9 Thirty-FiveThousand Dollars and Zero Cents ($35,000.00), incurred or to be incurred in the 10 Settlement of the Action, and any appeals; (d) the fees and expenses of the Claims Administrator, 11 estimated at Twelve Thousand Five Hundred Dollars and Zero Cents ($12,500.00), and subject to 12 reduction to correspond with the actual fees and expenses incurred, as further described in Paragraph
Maximum Gross Settlement Amount means the maximum amount of money to be
Maximum Gross Settlement Amount means the maximum amount that