Service Award definition

Service Award means any Court ordered payment to Plaintiff for serving as Class Representative, which is in addition to any payment due to Plaintiff as a Settlement Class Member.

Service Award means any award approved by the Court that is payable to the Class Representatives from the Settlement Fund.

Service Award means such funds as may be awarded by the Court to the Representative Plaintiffs for their service as Representative Plaintiffs.

Examples of Service Award in a sentence

• Within three (3) business days after the Maximum Settlement Amount is deposited into the QSF, the Settlement Administrator shall issue and mail checks for the Service Award, the Full Release Award, the Settlement Administration Expenses Award, and the Attorney’s Fees and Costs Award to the respective recipients thereof.

• Subject to approval by the Superior Court, the amount paid to Plaintiff as a Service Award shall be $7,500.00 and the amount paid to Plaintiff as a Full Release Award shall be $5,000.00.

• Subject to approval of the Settlement by the Superior Court, the Company agrees to deposit the Maximum Settlement Amount into a Qualified Settlement Fund (“QSF”) set up by the Settlement Administrator for purposes of processing the Settlement and paying the Service Award, the Full Release Award, the Settlement Administration Expenses Award, the Attorney’s Fees and Costs Award, and the Settlement Awards.

• Subject to the Superior Court’s availability and direction but no sooner than thirty (30) days after the Notice Deadline, a Fairness Hearing shall be held for the Superior Court to determine whether to grant final approval of the Settlement, including Class Counsel’s Attorney’s Fees and Costs Award, the Settlement Administration Expenses Award, and the Service Award and Full Release Award to the Plaintiff.

• Subject to approval by the Superior Court, in addition to a Settlement Award computed as described above, Plaintiff Xxxxxx Xxxxx shall receive a separate Service Award and Full Release Award, which monies will be treated as non-wages and on which there will be no payroll tax withholdings and for which an IRS Form 1099-MISC (marked “Other Income”) shall be issued to the taxing authorities and Plaintiff.

More Definitions of Service Award

Service Award means compensation awarded by the Court and paid to the Settlement Class Representatives in recognition of their roles in this litigation.

Service Award means an Award that vests solely based on the passage of time or continued Service over a fixed period of time.

Service Award means the amount the Parties propose be paid to Plaintiff as a service award in recognition of his efforts in prosecuting the Case.

Service Award means the award sought by each Class Representative in consideration for their service during the course of the Action and subsequently approved by the Court. Any such Service Award is separate and apart from any Settlement Payments the Class Representative may receive as a result of submitting a Claim as a Settlement Class Member.

Service Award shall have the meaning ascribed to it as set forth in Section X of this Settlement Agreement. The Service Awards requested in this matter will be $5,000 to each Plaintiff, subject to court approval, and are to be paid from the Settlement Fund.

Service Award means any approved payment to the Class Representative. FF. “Settlement” means the settlement set forth in this Agreement.

Service Award means a reasonable payment, subject to Court approval, made to a Plaintiff as compensation for his or her efforts in pursuing these Actions.