PAGA Fund definition

PAGA Fund means seventy-two thousand five hundred dollars ($72,500) of the Total Settlement Amount that is attributed to the settlement of the PAGA claims. Seventy-five percent (75%) of the PAGA Fund, or fifty-four thousand three hundred and seventy-five dollars ($54,375) shall be paid to the California Labor and Workforce Development Agency and twenty- five percent (25%), or eighteen thousand one hundred and twenty-five dollars ($18,125) of the PAGA Fund shall as set forth in Section 9.4 below.
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PAGA Fund means the sum equal to exactly Twenty-Five (25%) of the PAGA Settlement Amount that will be paid to all PAGA Employees.
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PAGA Fund means the Total Settlement Payment, less Plaintiff’s Counsel
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Examples of PAGA Fund in a sentence

  • No portion of the PAGA Fund will revert to or be retained by Defendant.

  • Accordingly, your estimated payment from the PAGA Fund is approximately $ .

  • Additionally, any settlement payments from the PAGA Fund will be allocated as penalties, for which IRS Forms 1099-MISC will be issued.

  • The PAGA settlement value (or PAGA Fund) is not to exceed $30,000, with $22,500 paid to the LWDA and the remaining $7,5000 distributed to the PAGA Group Members.

  • Aggrieved Employees remain eligible to receive a payment from the PAGA Fund and must give up their rights to pursue PAGA penalty claims against Defendants based on the facts alleged in the Action during the PAGA Period.

  • To determine each PAGA Employee’s share of the PAGA Fund, the Settlement Administrator will use the following formula: Individual PAGA Payment = individual PAGA Employee’s total Pay Periods during the PAGA Period ÷ all PAGA Employees’ total Pay Periods during the PAGA Period × PAGA Fund.

  • The 25% that goes to PAGA Employees is called the PAGA Fund.The PAGA Fund is allocated to each PAGA Employee based on the number of weeks worked by each PAGA Employee during the period of August 21, 2017 to December 20, 2019.

  • The Settlement Administrator will distribute the Revised PAGA Fund such that seventy-five percent (75%) of the Revised PAGA Fund is paid to the LWDA and twenty-five percent (25%) of the Revised PAGA Fund is paid to the PAGA Members.

  • Of that amount, the Settlement Administrator will pay seventy-five percent (75%), or Seven Thousand Five Hundred Dollars and Zero Cents ($7,500.00), to the LWDA and twenty-five percent (25%), or Two Thousand Five Hundred Dollars and Zero Cents ($2,500.00), will be in the PAGA Fund for distribution to PAGA Employees.

  • Individual Settlement Payments will be calculated and apportioned from the Class Fund Settlement Amount and PAGA Fund based on the number of Pay Periods a Class Member worked during the Class Period, and number of Pay Periods a PAGA Employee worked during the applicable PAGA Period.


More Definitions of PAGA Fund

PAGA Fund means the gross amount of Two Hundred Thousand dollars ($200,000)
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PAGA Fund means 25% of the PAGA Settlement Amount, 4 which is the portion to be paid to PAGA Group Members.
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PAGA Fund means thirty thousand dollars ($30,000) of the Maximum Gross Settlement Amount that is attributed to the settlement of the PAGA claims.
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PAGA Fund means Ten Thousand Dollars ($10,000.00) of the Total Settlement Amount that is attributed to settle fully and finally the PAGA claims of PAGA Members.
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PAGA Fund means the Twenty-Five Percent (25%), or Twenty-Two Thousand Five Hundred Dollars ($22,500.00) (“PAGA Fund”), of the PAGA Settlement Amount that will be paid to the Aggrieved Employees.
Sample 1

Related to PAGA Fund

  • 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.

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

  • Fund means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business.

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

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations Pooled Fund Manager means such officer of the Host Partner which includes a Section 113 Officer for the relevant Pooled Fund established under an Individual Scheme as is nominated by the Host Partner from time to time to manage the Pooled Fund in accordance with Clause 8.2. Provider means a provider of any Services commissioned under the arrangements set out in this Agreement.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Public fund means the state treasurer or a retirement system.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Program fund means the program fund created under Section 53B-8a-107,

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • State Fund The component of the Settlement Fund described in Section V.C.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Joint Venture Investment means, with respect to any Obligor, any Investment by such Obligor in a joint venture or other investment vehicle in the form of a capital investment, loan or other commitment in or to such joint venture or other investment vehicle pursuant to which such Obligor may be required to provide contributions, investments, or financing to such joint venture or other investment vehicle and which Investment the Borrower has designated as a “Joint Venture Investment”.

  • 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 -

  • Local fund means any of the local retirement funds for

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203(l)-1, 17 C.F.R. § 275.203(l)-1.

  • Fund Assets means the net assets of the Fund managed by the Subadviser for which the fee is being calculated;

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Managed Fund means those Funds, individually and collectively, for which the Portfolio Manager makes buy and sell decisions.

  • Special Fund means any fund other than the city general fund.

  • Investment project means an investment in qualified buildings

  • Master Fund means a registered investment company or a series thereof in which the Trust or a Series, as applicable, invests all or substantially all of its assets pursuant to a master/feeder fund structure as described in Section 8.3(c);

  • Feeder Fund means a Sub-Fund which invests all or substantially all of its assets in securities which are units or sub-units in a unit trust scheme or participations in a mutual fund or other interests in a collective investment scheme which is managed or advised by the Managers or any Associate of the Managers and whose investment policy is the same or substantially the same as such Sub-Fund.

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Fund Assets Held in the Custodian's Direct Paper System. The Custodian may deposit and/or maintain securities owned by a Portfolio in the Direct Paper System of the Custodian subject to the following provisions: 1) No transaction relating to securities in the Direct Paper System will be effected in the absence of Proper Instructions from the Fund on behalf of the Portfolio; 2) The Custodian may keep securities of the Portfolio in the Direct Paper System only if such securities are represented in an account ("Account") of the Custodian in the Direct Paper System which shall not include any assets of the Custodian other than assets held as a fiduciary, custodian or otherwise for customers; 3) The records of the Custodian with respect to securities of the Portfolio which are maintained in the Direct Paper System shall identify by book-entry those securities belonging to the Portfolio; 4) The Custodian shall pay for securities purchased for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such payment and transfer of securities to the account of the Portfolio. The Custodian shall transfer securities sold for the account of the Portfolio upon the making of an entry on the records of the Custodian to reflect such transfer and receipt of payment for the account of the Portfolio; 5) The Custodian shall furnish the Fund on behalf of the Portfolio confirmation of each transfer to or from the account of the Portfolio, in the form of a written advice or notice, of Direct Paper on the next business day following such transfer and shall furnish to the Fund on behalf of the Portfolio copies of daily transaction sheets reflecting each day's transaction in the U.S. Securities System for the account of the Portfolio; 6) The Custodian shall provide the Fund on behalf of the Portfolio with any report on its system of internal accounting control as the Fund may reasonably request from time to time.