Qualified Settlement Account definition

Qualified Settlement Account means a qualified settlement fund account
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Qualified Settlement Account means the Qualified Settlement Account
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Qualified Settlement Account means the account established by the Settlement 6 Administrator pursuant to Internal Revenue Code section 1.468B-1.
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Examples of Qualified Settlement Account in a sentence

  • Within thirty (30) calendar days after the Effective Date of the Settlement, Defendant will transfer the Gross Settlement Amount of Eight Hundred and Twenty-Five Thousand Dollars ($825,000.00), subject to Paragraph 10.1, to the Settlement Administrator via wire transfer into a Qualified Settlement Account.


More Definitions of Qualified Settlement Account

Qualified Settlement Account means the account established by the Settlement Administrator, into which the Gross Settlement Amount shall be deposited.
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Qualified Settlement Account means the account established by the Settlement Administrator, into which the Total Settlement Amount shall be deposited. In addition, and as an amount separate from the Total Settlement Amount, Defendant shall also transmit the employer- side taxes on the wage portion of the Individual Settlement Payments to the Settlement Administrator for deposit into the Qualified Settlement Account. The Settlement Administrator shall establish an interest-bearing escrow account under this Settlement.
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Qualified Settlement Account means the Qualified Settlement Account to be established by the Settlement Administrator for the benefit of the Plaintiff, Participating Class Members, Aggrieved Employees, and LWDA, into which the Gross Settlement Amount (inclusive of the Employer Taxes) will be deposited, and from which the Individual Settlement Payments and all other payments under this Settlement Agreement shall be paid, along with the Employer Taxes, and shall mean the account that will qualify and be characterized as a qualified settlement fund under the provisions of the U.S. Treasury Regulations l.486B-1 and 1.468B-5, to be administered in a manner consistent with law and the terms of this Settlement.
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Related to Qualified Settlement Account

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

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

  • 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.

  • Individual Settlement Payment means the amount payable from the Net

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

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

  • Gross Settlement Amount means $350,000 which is the total amount Defendant 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, the Class Representative Service Payment, and the Administrator’s Expenses.

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