Net Common Fund definition

Net Common Fund means the funds remaining in the Common Fund after subtracting payments for all Settlement Implementation Expenses (as defined in Paragraph 80 below), as well as, if there is a Final Effective Date, after subtracting payments for any Plaintiff Incentive Awards (as defined in Paragraph 81 below).
Sample 1Sample 2Sample 3
Net Common Fund. The Net Common Fund shall equal the net amount available for payment of Claims to Class Members after deducting Claims Administration Expenses, Class Counsel Fees, Plaintiffs’ Litigation Expenses, the California Labor & Workforce Development Agency’s (“LWDA”) share of the PAGA Payment, all taxes, all taxes arising from payments, including but not limited to, Employee Payroll Taxes and Employer Payroll Taxes, and the Class Representative Service Awards.
Sample 1
Net Common Fund means the Common Fund, less (1) all class counsel
Sample 1Sample 2

Examples of Net Common Fund in a sentence

  • Unless and until there is a Final Effective Date, these funds shall be used by the Qualified Settlement Fund Administrator and Trustee only to pay for Settlement Implementation Expenses with any remainder, including interest, disbursed pro rata from the Net Common Fund to New GM and the GUC Trust in the event this Agreement is terminated.

  • The Court finds that the Settlement Claim Review Protocol and the Allocation Decision are a fair and reasonable method to allocate the Net Common Fund, and the Parties, the Class Action Settlement Fund Administrator, and the Qualified Settlement Fund Administrator are directed to administer the Settlement Claim Review Protocol and Allocation Decision in accordance with their terms.

  • The Net Common Fund, which is the Settlement Amount less the costs of providing notice to the class and the expenses of administering the Settlement, will be exclusively used to provide payments to Class Members for eligible claims.

  • To the extent the court does not approve the full amount of Class Counsel Fees, Plaintiffs’ Litigation Expenses, Claims Administration Expenses, or the Class Representative Service Awards described above, the non-approved amounts will be allocated to all Settlement Class Members proportionately to the amounts otherwise to be paid each Settlement Class Member as part of the Net Common Fund.

  • The proposed Subclass Counsel also include Allocation Counsel, who zealously represented each of the five Subclasses for the purpose of advocating allocation of the Net Common Fund to members of each Subclass.B. The Class Meets Rule 23(b)(3)’s Predominance and Superiority Requirements.

  • Settlement Claims approved by the Class Action Settlement Administrator shall be paid from the Net Common Fund by the Qualified Settlement Fund Administrator and Trustee in accordance with the final determinations made by the Class Action Settlement Administrator pursuant to the Settlement Claim Review Protocol and the Allocation Decision and in accordance with the terms of this Settlement and the Qualified Settlement Fund Trust Agreement.

  • That percentage will be applied to the Net Common Fund to determine your Late Payment Share.

  • If eligible, a Settlement Claimant will receive a settlement payment pursuant to the Settlement Claim Review Protocol and the Allocation Decision to be disbursed from the Net Common Fund by theQualified Settlement Fund Administrator and Trustee after the amount is finally determined by the Class Action Settlement Fund Administrator.

  • Late Payment Shares: After deducting all Pre-Share Payments (including Pre-Share Payments made to OGC, Agri and Auto inspectors, Class Counsel’s Fees and Costs, and payments to the Class Representatives and Class Discovery Representatives), the Net Common Fund will be distributed: (1) to OGC inspectors who were paid under the fluctuating workweek (“FWW”) (also called “coefficient overtime”) method; and (2) to Opt-In Plaintiffs (whether OGC, Agri or Auto inspectors) who were paid on a semi-monthly basis.

  • Following the Effective Date, the Net Common Fund Settlement Amount shall be distributed by the Claims Administrator to the Authorized Claimants.


More Definitions of Net Common Fund

Net Common Fund means the Common Fund less (i) any Service Award awarded by the Court, and (ii) any Attorneys’ Fees and Expenses awarded by the Court.
Sample 1
Net Common Fund means the portion of the Common Fund to be distributed to members of the Settlement Class. The Net Common Fund will be equal to the portion of the Common Fund remaining following payment of (a) the amount approved by the Court to be paid to Class Counsel for fees and costs/expenses as set forth in Section 4.21; (b) any amount approved by the Court to be paid to Plaintiff as a Service Payment as set forth in Section 4.21; and (c) the actual and reasonable costs incurred by the Settlement Administrator in providing notice to members of the Settlement Class and administering the settlement, including a reasonable estimate of the future costs to be incurred by the Settlement Administrator in connection with future tasks relating to administration of the Settlement, including sending payment to members of the Settlement Class
Sample 1

Related to Net Common Fund

  • Non-Fund means any corporation, business trust, partnership, trust or other entity which is not an Investment Company.

  • Pension Fund means any person that: (i) is organized under the laws of a Contracting State; (ii) is established and maintained in that Contracting State primarily to administer or provide pensions or other similar remuneration, including social security payments; and (iii) is exempt from tax in that Contracting State with respect to the activities described in clause (ii).

  • Project Fund means the fund required to be established by this Resolution for the deposit of the proceeds of the Bonds.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Acquisition Fund means any company formed with the intent to offer securities to the public and use the proceeds to consummate one or more Business Combinations which are unspecified at the time of the securities offering.

  • Expense Fund has the meaning set forth in Section 9.14(f).

  • Common interest community means a condominium, cooperative, or other real property with respect to which a person, by virtue of the person's ownership of a parcel of real property, is obligated to pay property taxes or insurance premiums, or for maintenance, or improvement of other real property described in a recorded covenant that creates the common interest community.

  • the Skipton Fund means the ex-gratia payment scheme administered by the Skipton Fund Limited, incorporated on 25th March 2004, for the benefit of certain persons suffering from hepatitis C and other persons eligible for payment in accordance with the scheme’s provisions;

  • Construction Fund means an account specifically identified in the Indenture to hold funds which are currently available for expenditure to acquire or construct public facilities eligible under the Act.

  • Project Funds means all moneys disbursed to the Recipient by the State Water Board for eligible Project Costs pursuant to this Agreement.

  • Bond Fund means the fund created by Section 6.02 of the Indenture.

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Surplus Fund means the fund by that name established pursuant to the Second Resolution.

  • Trust Funds means any cash or Permitted Investments comprised of (a) funds specially and exclusively used (i) for payroll and payroll taxes and other employee benefit payments to or for the benefit of employees of Loan Parties and their subsidiaries, (ii) to pay all taxes required to be collected, remitted or withheld (including, without limitation, federal and state withholding taxes (including the employer’s share thereof)) and (b) any other funds which any Loan Party holds on behalf as an escrow or fiduciary for another person (other than another Loan Party).

  • Contingency Fund means a monetary amount that continues month to month, if approved by a case manager, that is set aside in the Independent Choices Program service budget to purchase identified items that substitute for personal assistance.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Capital Contributions means, with respect to any Member, the amount of money (US Dollars) and the initial Gross Asset Value of any assets or property (other than money) contributed by the Member (or such Member’s predecessor in interest) to the Company (net of liabilities secured by such contributed property that the Company is considered to assume or take subject to under Code Section 752) with respect to the Units in the Company held or purchased by such Member, including additional Capital Contributions.

  • Capital Account means, with respect to any Partner, the Capital Account maintained for such Partner in accordance with the following provisions:

  • Levy reduction funds means increases in state funds from

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • Special Funds means, collectively, the Bond Fund, the Project Fund and the Collateral Fund, and any accounts therein, all as created in this Indenture.

  • Member Account means the regular account and the variable account.

  • Project Account means the account referred to in Section 3.03 of this Agreement;