Net Class Settlement Fund definition

Net Class Settlement Fund means the Gross Settlement Fund, minus the Settlement Class/PAGA Counsel Award, the PAGA Settlement Fund, the Enhancement Award, and Settlement Administration Costs.
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Net Class Settlement Fund means the Class Settlement Fund less (i) all Court-awarded Attorneys’ Fees, Costs, and Expenses, (ii) Notice and Administration Costs; (iii) Taxes and Tax Expenses, and (iv) any other Court-approved fees, expenses or deductions.
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Net Class Settlement Fund means the Class Settlement Fund less any attorneys’ fees, costs, or expenses provided for herein or approved by the Court, and less notice and administration costs, Taxes and Tax Expenses, and other Court-approved deductions.
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Examples of Net Class Settlement Fund in a sentence

  • If the settlement is approved and becomes final, eligible Class Members automatically will be mailed distributions from the Net Class Settlement Fund to the last addresses known to the Settlement Administrator.

  • Any such set-off will be determined based on data, if available, received by the Receiver from Class Members and counsel in the broker litigation described above and any other litigation or arbitration against brokers initiated by Class Members.All of the Net Class Settlement Fund will be distributed.

  • The pro rata distribution will be based on the percentage share in the Net Class Settlement Fund of each Eligible Class Member who did timely submit a Valid Claim.

  • Land-based visitors to the lockstations is estimated at over one million per year while another 1.4 million people use the Canal in Ottawa during the winter.

  • The Net Class Settlement Fund will be distributed to Class Members who, in accordance with the terms of the Stipulation, are entitled to a distribution from the Net Class Settlement Fund pursuant to any Plan of Allocation or any order of the Court and who submit a valid and timely Proof of Claim and Release form under the Plan of Allocation described below.

  • If, however, and as is more likely, the amount in the Net Class Settlement Fund is not sufficient to permit payment of the total claim of each Authorized Claimant, then each Authorized Claimant shall be paid the percentage of the Net Class Settlement Fund that each Authorized Claimant’s claim bears to the total of the claims of all Authorized Claimants.

  • However, as explained on pages 10-11 below, if you represent a Group Trust, you must provide a certification in order to receive a portion of the ERISA Settlement Allocation, rather than a portion of the balance of the Net Class Settlement Fund.

  • The Plan of Allocation describes the manner by which the Net Class Settlement Fund will be allocated among Settlement Class Members.

  • If a judgment is entered in the Class Action approving the Class Settlement, but an appeal is taken relating solely to approval of the requested attorneys’ fees, Litigation Expenses, and/or Service Awards, Plaintiffs’ Counsel will, subject to Court approval, proceed with an initial distribution of the Net Class Settlement Fund, including the RIC Settlement Allocation.

  • If you request to be excluded in accordance with these requirements, you will not get any payment from the Net Class Settlement Fund, and you cannot object to the Class Settlement.


More Definitions of Net Class Settlement Fund

Net Class Settlement Fund means the Class Settlement Fund less: (i) Taxes and Tax Expenses; (ii) Notice and Administration Expenses; (iii) any attorneys’ fees, Service Awards, and Litigation Expenses awarded by the Court; and (iv) any other fees and expenses approved by the Court.
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Net Class Settlement Fund means the Class Claims Allocation minus Administrative Costs, Notice Costs and the Fee and Expenses Award.
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Related to Net Class Settlement Fund

  • Net Settlement Fund means the Settlement Fund less: (i) any Taxes;

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

  • 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.

  • 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).

  • Gross Settlement Amount means $1,000,000 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Attorneys’ Fees, Attorneys’ Costs, Class Representative Service Payments, Settlement Administration Costs, and PAGA Penalties.

  • Settlement Class Members means any member of the Settlement Class.

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.

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

  • 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 Class Member means each person and entity who or which is a member of the Settlement Class.

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

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