Maximum Settlement Fund definition

Maximum Settlement Fund means an amount equal to, but no more than, One Hundred Seven Thousand Four Hundred Fifty Dollars Even ($107,450.00), plus one-half of the Settlement Administrator’s costs, in a maximum amount of Four Thousand Dollars ($4,000), with the actual amount being Three Thousand Five Hundred Dollars ($3,500). The $107,450.00 portion of the Maximum Settlement Fund is referred to herein as the “Common Fund Portion of the Maximum Settlement Fund.” The Maximum Settlement Fund shall be made of three payments, one payment for One Hundred Thousand Dollars Even ($100,000.00) and one for Seven Thousand Four Hundred Fifty Dollars Even ($7,450.00), and one for Three Thousand Five Hundred Dollars ($3,500) totaling $110,950.00.
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Maximum Settlement Fund means $2,800,000, the total settlement value for all
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Maximum Settlement Fund means the sum of the Individual Settlement Payments, the Class Representative Enhancement, the Class Counsel Award, the PAGA Payment, and the Settlement Administration Costs up to a maximum of Three Hundred, Seventy-Five Thousand Dollars ($375,000.00), to be paid on the following schedule: (1) $125,000.00 to be paid within 30 days after the Effective Date, but in no case paid before December 31, 2021; (2) $125,000.00 to be paid within six months after the first payment is made; and (3) $125,000.00 to be paid within six months after the second payment is made.
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Examples of Maximum Settlement Fund in a sentence

  • The “Net Settlement Amount” is the portion of the Maximum Settlement Fund that will be available for distribution to Class Members who do not submit timely and valid requests for exclusion (“Class Members”).

  • In January 2001, the district’s superintendent received notification from the DOE that Greater Fall River was a candidate for a Comprehensive School Reform Demonstration Grant, because of low MCAS test scores.

  • Class Notice shall be issued in English only; however, should the Court order that Class Notice be issued in any additional language other than English – whether such Class Notice be made available on the Settlement Website or otherwise – the Parties agree to comply with any such order provided that in no event shall Defendant be obligated to pay any amounts in excess of the Maximum Settlement Fund.

  • Within ten (10) days after the Effective Date, Defendant shall deposit the Maximum Settlement Fund into the Escrow Account.

  • BASIS OF PREPARATION AND CHANGES TO THE GROUP’S ACCOUNTING POLICIES (continued) IFRS 9 Financial InstrumentsIn July 2014, the IASB issued the final version of IFRS 9, bringing together all phases of the financial instruments project to replace IAS 39 and all previous versions of IFRS 9.

  • Class Counsel request attorneys’ fees in the amount of $1,750,000 ─ 35% of the $5,000,000 Maximum Settlement Fund.

  • The Class Fund is the total payment to all Participating Class Members, after payment of attorneys’ fees, costs and expenses, Plaintiff’s service award, and the Settlement Administrator’s costs from the Maximum Settlement Fund.

  • If the total number of Class Members increases by more than ten percent (10%), or to 245, Defendant shall have the right, in its sole discretion, to (1) increase the Maximum Settlement Fund proportionately; or (2) to adjust the end of the Class Period to a date before the hearing on the motion for preliminary approval such that the total number of Class Members does not exceed 245.

  • No later than six months thereafter, Defendant shall deposit the remaining amount of the Maximum Settlement Fund, Fifty Three Thousand Six Hundred Twenty Dollars Even ($53,620.00), with the Settlement Administrator.

  • For every Participating Class Member above 30% of the total Settlement Class (i.e., every Participating Class Member beyond the initial 477 Settlement Class Members referenced above), the value of the Net Settlement Fund shall increase by $1,384.84, subject to the total value of the settlement reaching the amount of the Maximum Settlement Fund (i.e., $3,180,000).


More Definitions of Maximum Settlement Fund

Maximum Settlement Fund means an amount equal to, but no more than, $635,000.00.
Sample 1
Maximum Settlement Fund. “Maximum Settlement Fund” means $12,500,000, which is the maximum amount that Defendants have agreed to pay to fully resolve and settle this Litigation, including any claim for attorneys’ fees and litigation costs approved by the Court; any and all amounts to be paid to Class Members; the Settlement Administration Costs; any Court-approved Service Payments; the Reserve Fund; and the Parties’ respective payroll taxes, including the Employer Payroll Taxes. Defendants will not be required to pay under this Agreement any more than the gross total amount of $12,500,000 as allocated to each of them under this Agreement.
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Maximum Settlement Fund means the sum of $480,000.
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Related to Maximum Settlement Fund

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding 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.

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • 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.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • 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).

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

  • 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.

  • 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.

  • Individual Settlement Payment means the amount payable from the Net

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • 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.

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

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • 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.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Settlement Class Period means the period from March 3, 2018 through February 10, 2022.

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • 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.

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

  • 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.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.