Examples of Maximum Gross Settlement Amount in a sentence
Defendant’s monetary obliga tion under this Settlement Agreement is limited to the Maximum Gross Settlement Amount and Employer Taxes.
After deductions of these amounts, what remains of the Maximum Gross Settlement Amount (the “Net Settlement Amount” ) will be available to pay monetary Settlement awards to the Named Plaintiffs, Opt-In Plaintiffs, and Putative Class Members who do not opt out of the Settlement Class (i.e., Settlement Class Members).
The reasonable costs of settlement administration through and beyond final approval, which are currently estimated at $99,921.00 (the “Settlement Administration Costs”), shall be paid from the Maximum Gross Settlement Amount subject to Court approval.
The Claims Administrator will deduct from the Maximum Gross Settlement Amount the following amounts as awarded or permitted by the Court: (i) Class Counsel’s attorneys’ fees and expenses, (ii) the Service Payment, if any, to the Plaintiff, and (iii) the fees and expenses of the Claims Administrator.
In return for services rendered to Putative Class Members and Opt-In Plaintiffs and for a General Release, Named Plaintiffs will request that the Court approve Service Payments to each Named Plaintiff in the Operative Complaint, from the Maximum Gross Settlement Amount.