Maximum Settlement Amount definition

Maximum Settlement Amount means the maximum amount The Company is required to pay pursuant to this Settlement, which is the sum of Seven Hundred and Fifty Thousand Dollars ($750,000.00), 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 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.

• The Claims Administrator shall be authorized to pay itself from the Maximum Settlement Amount only after Individual Settlement Payments have been mailed to all Settlement Class Members.

• Any such enhancement award approved by the Court shall be paid from the Maximum Settlement Amount.

• The Settlement Administrator shall be authorized to pay itself from the Maximum Settlement Amount by Class Counsel only after checks have been mailed to all Settlement Class Members.

• If the sum of the Amount Payable for Approved Claims exceeds $13.5 million, then payments to Participating Settlement Class Members shall be reduced pro rata so that the total of all payments for valid Claims under the Settlement Agreement does not exceed the Maximum Settlement Amount.

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.