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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.
Sample 1
Maximum Settlement Fund means $2,800,000, the total settlement value for all
Sample 1
Maximum Settlement Fund means an amount equal to, but no more than, $635,000.00.
Sample 1

Examples of Maximum Settlement Fund in a sentence

  • 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.

  • 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”).

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

  • 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.

  • The Settlement Benefit shall be directly mailed to each Class Member at the address located by the Settlement Administrator pursuant to paragraph 57, infra, and shall be distributed no later than twenty-one (21) days after the deposit the Maximum Settlement Fund into the Escrow Account by Defendant.

  • For every Participating Class Member above approximately 45% of the total Settlement Class (i.e., every Participating Class Member beyond the initial 218 Settlement Class Members referenced above), the value of the Net Settlement Fund shall increase by $1,337.69, subject to the total value of the settlement reaching the amount of the Maximum Settlement Fund (i.e., $968,000.00).

  • 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.

  • The full Maximum Settlement Fund is to be so deposited, regardless of the three different payments that will fund the Maximum Settlement Fund.

  • The Maximum Settlement Fund, the most JCPenney is required to pay, is $5,000,000, which includes: 1) all payments to Participating Settlement Class Members; 2) attorneys’ fees not to exceed 35% ($1,750,000) of the Maximum Settlement Fund; 3) costs not to exceed $75,000; 4) a $5,000 Service Award to each Named Plaintiff for a total of $10,000; and 5) $84,968.00 for costs 2 The Settlement Agreement is attached to Exhibit 1, the declaration of James C.

  • The Settlement Administrator shall pay the Class Counsel Award to Class Counsel from the Maximum Settlement Fund no later than thirty (30) calendar days after the Effective Date.


More Definitions of Maximum Settlement Fund

Maximum Settlement Fund means the sum of $480,000.
Sample 1
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.
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.
Sample 1

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 One Hundred Forty-Five Thousand Dollars ($145,000), including 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 less: (i) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses approved by the Court.

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

  • Gross Settlement Amount means $2,300,000 which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment, and Administration Expenses Payment.

  • 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 Standard Settlement Funds and Maximizing Settlement Funds.

  • 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, with respect to a Security that is tendered for conversion in accordance with this Article X, the twenty (20) consecutive Trading-Day period that begins on, and includes, the third (3rd) Trading Day after the Conversion Date for such Security; provided, however, that if such Conversion Date is on or after the twenty third (23rd) scheduled Trading Day prior to the Maturity Date, then the Cash Settlement Averaging Period with respect to such conversion shall be the twenty (20) consecutive Trading-Day period that begins on and includes the twentieth (20th) scheduled Trading Day prior to the Maturity Date.

  • Individual Settlement Payment means the amount payable from the Net

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the relevant 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 Operating Agreement, section 3.3. “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter.

  • Settlement Class Period means the period from and including January 1, 2000 through July 20, 2021.

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • 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 On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

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

Most Referenced Clauses

Most Referenced Definitions