Maximum Settlement Amount definition

Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Five Hundred Fifty Dollars ($550,000.00), inclusive of any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

Maximum Settlement Amount means $7,727,500.00, and is the maximum amount payable by Defendants related to this settlement, and is inclusive of all moneys expended pursuant to this settlement, including, without limitation, Plaintiffs’ attorney’s fees and costs, payments to the settlement administrator, settlement payments to class members, enhancement payments to the Named Plaintiffs, and all payroll taxes associated with the settlement payments taxable as wages as set forth in the Settlement Agreement.

Examples of Maximum Settlement Amount in a sentence

• Within three (3) business days after the Maximum Settlement Amount is deposited into the QSF, the Settlement Administrator shall issue and mail checks for the Service Award, the Full Release Award, the Settlement Administration Expenses Award, and the Attorney’s Fees and Costs Award to the respective recipients thereof.

• Within ten (10) days after the Effective Date, the Company shall initiate a transfer of the Maximum Settlement Amount into the QSF.

• Subject to approval of the Settlement by the Superior Court, the Company agrees to deposit the Maximum Settlement Amount into a Qualified Settlement Fund (“QSF”) set up by the Settlement Administrator for purposes of processing the Settlement and paying the Service Award, the Full Release Award, the Settlement Administration Expenses Award, the Attorney’s Fees and Costs Award, and the Settlement Awards.

• As part of seeking the Superior Court’s final approval of this Settlement, Class Counsel will apply to the Superior Court for an Attorney’s Fees and Costs Award of no more than thirty- SETTLEMENT AGREEMENT - 5 4887-4803-1701\2 three and one-third percent (33 1/3%) of the Maximum Settlement Amount (i.e., $116,666.67), plus up to an additional $12,400.00 for actual litigation costs.

• Within ten (10) business days after the Maximum Settlement Amount is deposited into the QSF, the Settlement Administrator shall issue and mail the Settlement Award checks.

More Definitions of Maximum Settlement Amount

Maximum Settlement Amount or (“MSA”) means the maximum sum to be paid

Maximum Settlement Amount means the maximum amount Defendants shall have

Maximum Settlement Amount means the maximum settlement amount of One

Maximum Settlement Amount means an amount not to exceed seventeen million five hundred thousand dollars ($17,500,000.00) that Xxxxxxxx-Xxxxx agrees to pay to satisfy valid Claims if the Amount Payable for Approved Claims exceeds the Minimum Settlement Amount subject to the conditions in Paragraph 2.18 (“Minimum Settlement Amount”). For the avoidance of doubt, in no event shall Xxxxxxxx-Xxxxx pay more than $13,500,000 in additional new dollars to satisfy payments for Approved Claims.

Maximum Settlement Amount means the $1,208,000,000.00, the maximum

Maximum Settlement Amount means the maximum amount Defendant shall

Maximum Settlement Amount means the maximum amount of Six Million Dollars ($6,000,000.00) that Defendant shall pay as a result of this Stipulation of Settlement.