PAGA Settlement Payment definition

PAGA Settlement Payment means the portion of the PAGA Settlement Amount allocated and distributable to each PAGA Settlement Member as calculated pursuant to Section II.27. PAGA Settlement Members will receive their PAGA Settlement Payment regardless of whether they return a Claim Form to become a Qualified Collective Member.
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PAGA Settlement Payment means the amount payable to each PAGA Member
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PAGA Settlement Payment means the amount payable to each Aggrieved Employee from the PAGA Payment.
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Examples of PAGA Settlement Payment in a sentence

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  • Each person who worked from March 23, 2014, through May 6, 2017, will receive a proportionate piece of the PAGA Settlement Payment attributable to PAGA Aggrieved employees based on the number of workweeks they worked.

  • If you worked for Defendants between March 23, 2014, and May 6, 2017, you will receive a PAGA Settlement Payment whether you exclude yourself or not.

  • You don’t have to do anything to participate in the proposed Settlement and be eligible for an Individual Settlement Class Payment and/or an individual share of the PAGA Settlement Payment.

  • The Individual PAGA Settlement Payment amounts shall be reported on IRS 1099 Forms issued by the Settlement Administrator on behalf of the qualified settlement fund.

  • Individual Settlement Payments will consist of the amount to be paid to each Class Member as a Class Member Payment and the PAGA Settlement Payment if the Class Member is also an Aggrieved Employee.

  • You will receive your Individual PAGA Settlement Payment regardless of your request for exclusion and you will be bound by the PAGA release if the Settlement is approved.

  • The Administrator will calculate Individual PAGA Payments by (a) dividing your total number of PAGA Pay Periods by (b) the total number of Pay Periods of all PAGA Employees during the PAGA Period and (c) multiplying the result by the PAGA Settlement Payment of $10,000.

  • The Named 20 Plaintiff Award will be paid in addition to Plaintiff’s Individual Class Settlement Payment and 21 Individual PAGA Settlement Payment.

  • This will be calculated by dividing the PAGA Settlement Payment allocated to the PAGA Aggrieved Employees by the total number of workweeks worked by all PAGA Aggrieved Employees, and then multiplying that number by the number of workweeks worked by the individual PAGA Aggrieved Employee according to Defendants’ records.


More Definitions of PAGA Settlement Payment

PAGA Settlement Payment means $30,000.000, the total amount of PAGA
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PAGA Settlement Payment means the portion of the PAGA Payment which shall be paid to Class Members and which shall be distributed proportionally to class members using the Payment Ratio.
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Related to PAGA Settlement Payment

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Individual Settlement Payment means the amount payable from the Net

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • Gross Settlement Amount means $240,000 which is the total amount Standard agrees to pay under the Settlement, except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Section 3.3 of the Operating Agreement.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Net Share Settlement means the settlement method pursuant to which an exercising Warrantholder shall be entitled to receive from the Company, for each Warrant exercised, a number of shares of Common Stock equal to the Net Share Amount without any payment therefor.

  • 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.

  • Share Settlement means a number of shares of Class A Common Stock equal to the number of Redeemed Units.

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

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

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Viatical settlement broker means a person, including a life insurance producer as provided for in section 508E.3, who, working exclusively on behalf of a viator and for a fee, commission, or other valuable consideration, offers or attempts to negotiate viatical settlement contracts between a viator and one or more viatical settlement providers or one or more viatical settlement brokers. Notwithstanding the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator, and not the insurer or the viatical settlement provider, and owes a fiduciary duty to the viator to act according to the viator’s instructions and in the best interest of the viator. “Viatical settlement broker” does not include an attorney, certified public accountant, or a financial planner accredited by a nationally recognized accreditation agency who is retained to represent the viator and whose compensation is not paid directly or indirectly by the viatical settlement provider or purchaser.

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

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

  • Settlement Amount has the meaning specified in Section 14.02(a)(iv).

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

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

  • Master Settlement Agreement means the settlement agreement and related documents entered into on November 23, 1998, by the state and leading United States tobacco product manufacturers.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Settlement Price means the agreed upon price at which to purchase and sell a specified type and quantity of a commodity.

  • Structured settlement means an arrangement for periodic payment of damages for personal injuries established by settlement or judgment in resolution of a tort claim or for periodic payments in settlement of a workers’ compensation claim.