Monetary Award definition

Monetary Award means the amount which is awarded, or ordered to be paid, to the employee by the tribunal or would be so awarded or ordered apart from any provision of regulations under that section, and

Monetary Award means the payment of money from the Sub-Qualified Settlement Funds to a Claimant as set forth in Article V–Monetary Awards.

Monetary Award means the payment of money from the Monetary Award Fund to a Settlement Class Member, other than a Derivative Claimant, as set forth in ARTICLE VI. The term “Monetary Award” shall also include “Supplemental Monetary Award” with respect to the claims process set forth in this

Examples of Monetary Award in a sentence

• The settlement has three components: (1) an uncapped Monetary Award Fund that provides compensation for retired players who submit proof of certain diagnoses; (2) a $75 million Baseline Assessment Program that provides eligible retired players with free baseline assessment examinations of their objective neurological functioning; and (3) a $10 million Education Fund to instruct football players about injury prevention.

• A fee is not required for the NFL and class counsel to appeal, though the NFL must act in good faith when appealing award determinations.The Monetary Award Fund is uncapped and will remain in place for 65 years.

• Reasonable compensation of the Lien Resolution Administrator, as agreed to by Co-Lead Class Counsel and Counsel for the NFL Parties, and reasonable out-of-pocket costs and expenses directly incurred as a result of the Lien Resolution Administrator’s responsibilities will be paid out of the Monetary Award Fund, unless otherwise specified herein.

• The NFL Parties will pay, or cause to be paid six initial monthly installments of Twenty Million United States dollars (U.S.$20,000,000) each, into the Settlement Trust Account for transfer by the Trustee into the Monetary Award Fund, beginning no later than thirty (30) days after the Effective Date.

• Reasonable compensation of the Claims Administrator, as agreed to by Co-Lead Class Counsel and Counsel for the NFL Parties, and reasonable out-of-pocket costs and expenses directly incurred as a result of the Claims Administrator’s responsibilities set forth in this Settlement Agreement will be paid out of the Monetary Award Fund.

More Definitions of Monetary Award

Monetary Award means an award for the payment of money from the Settlement Fund to a Settlement Class Member as set forth in this Settlement Agreement and pursuant to the Claims Administration Process.

Monetary Award means the amount of any award of damages or other monetary compensation to a Claimant awarded by a court or jury in the Interchange Litigation, including any award of compensatory, punitive, treble, or other damages, court costs, attorneys’ fees, or expenses, including any interest thereon, before any offset or reduction by operation of law on account of settlement payments by any other entity that do not comply with the provisions of Paragraph 6 of this Agreement. For the avoidance of doubt, “Monetary Award” shall not include the cost or value of any injunctive, equitable, or declaratory relief. In the event that (a) a competent court or arbitrator finally determines that one or more of the provisions in Paragraph 6 of this Agreement is ineffective or unenforceable, or (b) a Settling Signatory does not fully comply with the provisions of Paragraph 6 of this Agreement, any payments to a Claimant by such Settling Signatory shall, to the extent and in the amount that such payments reduce the amount of a Monetary Award that may be enforced against other Signatories, be deemed partial payments by such Settling Signatory of its Judgment-Sharing Payment Obligation.

Monetary Award means the payment of money from the Individual Settlement Fund to an Individual Plaintiff as set forth in Section 4.1.

Monetary Award means the payment of money from the Monetary Award Fund to a Settlement Class Member, other than a Derivative Claimant, as set forth in ARTICLE VI. The term “Monetary Award” shall also include “Supplemental Monetary Award” with respect to the claims process set forth in this Settlement Agreement, including, without limitation, relating to submission and approval of claims, calculation and distribution of awards, and appeals.

Monetary Award means the amount of any award of damages or other monetary compensation to a Claimant awarded by a court or jury in the Interchange Litigation, including any award of compensatory, punitive, treble, or other damages, court costs, attorneys’ fees, or expenses, including any interest thereon, before any offset or reduction by operation of law on account of settlement payments by any Signatory that does not comply with all of the applicable terms and conditions of the Sharing Agreements to which it is also a Signatory. For the avoidance of doubt, “Monetary Award” shall not include the cost or value of any injunctive, equitable, or declaratory relief.

Monetary Award means each “Expedited Monetary Award” or “Individualized Monetary Award” determined by the Special Master for eligible Claimants as described in Section IX below and includes all applicable federal, state, and local income taxes, including the employee’s portion of applicable payroll taxes (e.g., FUTA, SUTA, FICA, and Medicare), other than the employer’s share of payroll taxes and withholdings in connection with Monetary Awards.

Monetary Award means a Monetary Award, Derivative Claimant Award, or Supplemental Monetary Award, as those terms are defined, respectively, in Sections 2.1(aaa), 2.1(zzzz), and 2.1(ff) of the Settlement Agreement.