Payment Obligation and Class Release Date definition

Payment Obligation and Class Release Date means (a) if no Class Member files

Payment Obligation and Class Release Date means (a) the date when the Final Approval Order is signed, if there are no objectors, or (b) in the event there are objectors, thirty-two days after service of notice of entry of the Final Approval Order and Judgment on the Parties and all objectors to the Settlement without any appeals or requests for review being taken, or (c) orders affirming said Final Approval Order and Judgment or denying review after exhaustion of all appellate remedies, if appeals or requests for review have been taken.

Payment Obligation and Class Release Date means after all of the

Examples of Payment Obligation and Class Release Date in a sentence

• In the event an appeal is filed from the Final Approval Order and Judgment, or any other appellate review is sought prior to the Payment Obligation and Class Release Date, administration of the Settlement shall be stayed pending final resolution of the appeal or other appellate review.

• Defendant is entitled to retain certain unclaimed funds provided however that, at a minimum, 50% of the Net Settlement Proceeds will be funded and paid for upon the occurrence of the Payment Obligation and Class Release Date in accordance with the terms of this Settlement (the “Minimum Funding Commitment”).

• Upon the Payment Obligation and Class Release Date, the California Class Members (other than those who submit an Exclusion Letter) will fully release the California Class Released Claims and agree not to xxx or otherwise make a claim against any of the Released Parties for the California Class Released Claims.

• The Settlement Administrator will mail or wire all required payments no later than five (5) calendar days after the Payment Obligation and Class Release Date.

• Upon the Payment Obligation and Class Release Date, the Class Members (other than those who submit a timely and valid Exclusion Letter), will fully release the Class Released Claims.

• Upon the Payment Obligation and Class Release Date, the California FLSA Class Members who submit (and who previously submitted) a timely and valid California FLSA Opt In Form will fully release the California FLSA Class Released Claims and agree not to xxx or otherwise make a claim against any of the Released Parties for the California FLSA Class Released Claims.

• The “Release of Claims Period” shall be February 1, 2012 until June 30, 2016.Each Settlement Class Member, upon the Payment Obligation and Class Release Date, shall be deemed to have and by operation of the Final Approval Order and Judgment shall have, fully, finally, and forever settled and released any and all Class Released Claims based on the First Amended Complaint for the Release of Claims Period, other than, Class Members’ FLSA Claims.

• Upon the Payment Obligation and Class Release Date, all Class Members (other than those who submit a timely and valid Exclusion Letter) will fully release the Class Released Claims against the Released Parties, regardless of whether they submit a Claim Form.

• Defendants will provide the Settlement Administrator with sufficient funds to make all payments due to the Class Representative, Class Counsel, the LWDA, the Settlement Administrator, and the Claimants, plus any owed Payroll Taxes within fifteen (15) calendar days after the Payment Obligation and Class Release Date.

• Defendants will provide the Settlement Administrator with sufficient funds to make all payments due to Plaintiffs, Class Counsel, the LWDA, the Settlement Administrator, and the Claimants, plus any owed Payroll Taxes within five (5) calendar days after the Payment Obligation and Class Release Date.

More Definitions of Payment Obligation and Class Release Date

Payment Obligation and Class Release Date means after all of the following events

Payment Obligation and Class Release Date means the date which is

Payment Obligation and Class Release Date means when the Final Approval of the Settlement can no longer be appealed by an objector in the event of an objection, or in the absence of an objection by an objector, five (5) days after entry of Judgment. If objections are heard by the Court and overruled, and no appeal is taken of the Judgment by an objector, then the Payment Obligation and Class Release Date will be sixty-five (65) days after the entry of Judgment. If any appeal is taken from the Court’s overruling of any objections to the Settlement, then the Payment Obligation and Class Release Date will be ten (10) days after all appeals are withdrawn or after an appellate decision affirming the Final Approval Order and Judgment becomes final. Defendant shall not be required to fund any portion of the Maximum Settlement Amount and the Settlement Administrator shall not distribute or pay any monies, unless and until all such appeals have been finally resolved or dismissed with prejudice. All payments required by this Settlement shall be made within fifteen (15) days of the Payment Obligation and Class Release Date.