PAGA Fund definition

PAGA Fund means the sum equal to exactly Twenty-Five Percent (25%) of the 15 PAGA Settlement Amount that will be paid to all PAGA Members.
Sample 1
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.
Sample 1
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.
Sample 1

Examples of PAGA Fund in a sentence

  • Any unclaimed amounts from the Gross Settlement Amount, including but not limited to Individual Settlement Shares and PAGA Fund Shares that remain uncashed after 180 days and any unclaimed settlement funds, shall be paid in the form of a donation to The Boys and Girls Clubs of Coachella Valley, a 501(c)(3) tax-exempt non-profit organization.

  • Participating Class Members and PAGA Employees must cash or deposit their Individual Settlement Share checks and/or their PAGA Fund Share checks within one hundred and eighty (180) calendar days after the checks are mailed to them.

  • 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.

  • The PAGA Fund is allocated to each PAGA Employee based on the number of weeks worked by each PAGA Employee during the period of November 30, 2017 to [date of Preliminary Approval].

  • The amount to be paid per workweek worked by a PAGA Employee will be calculated on a pro rata basis by dividing the value of the portion of the PAGA Fund that will be paid to each PAGA Employee by the total number of weeks worked by all PAGA Employees during the PAGA Period.

  • PAGA Employees are not required to submit a claim form to receive their share of the PAGA Fund pursuant to this Agreement.

  • The amount to be paid per workweek employed by a PAGA Employee will be calculated on a pro rata basis by dividing the value of the portion of the PAGA Fund that will be paid to each PAGA Employee by the total number of weeks employed by all PAGA Employees during the PAGA Released Period.

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

  • The Parties agree that the Individual Settlement Shares and PAGA Fund are not additional compensation for purposes of calculating the “regular rate” of pay under California or federal law for the period during which it is received, and no additional compensation is required as a result of such payment.

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


More Definitions of PAGA Fund

PAGA Fund means the gross amount of Two Hundred Thousand dollars ($200,000)
Sample 1Sample 2
PAGA Fund means thirty thousand dollars ($30,000) of the Maximum Gross Settlement Amount that is attributed to the settlement of the PAGA claims.
Sample 1
PAGA Fund means the Total Settlement Payment, less Plaintiff’s Counsel
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.

  • 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.

  • State Fund means a component of the Settlement Fund described in subsection VIII.D.

  • 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 -

  • 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.