Examples of Settlement Amount in a sentence
Any amount not approved by the Court shall become part of the Net Settlement Amount for distribution to the Settlement Class Members on a pro rata basis.
The Parties agree that the Gross Settlement Amount will qualify as a QSF pursuant to the requirements of section 468(B)(g) of the Internal Revenue Code of 1986, as amended, and section 1.468B-1.
If a court of competent jurisdiction finds the release definitions and provisions of this Agreement to be unenforceable or invalid as against a specific Settlement Class Member, then this Settlement shall become voidable as to that specific Settlement Class Member and the payments to be made pursuant to this Settlement to that Settlement Class Member shall be added back to the Net Settlement Amount to be distributed pro rata to the remaining Settlement Class Members.
Defendant shall not be required to pay more than the Gross Settlement Amount and Employer Taxes to obtain the relief (including, but not limited to, enforcement of the Settlement, releases of all claims, and issuance of the Final Approval Order) provided in this Settlement or to fully and finally settle and resolve the Released Class Claims, Released PAGA Claims, or the Plaintiff’s Released Claims.
The successful delivery of the Gross Settlement Amount to the Settlement Administrator plus its share of Employer’s Taxes shall be deemed to have satisfied all the terms and conditions under this Settlement, shall be entitled to all protections afforded to Defendant, shall constitute full and complete discharge of the entire obligation of Defendant, and will trigger the release of the Released Class Claims, Released PAGA Claims, and Plaintiff’s Released Claims under this Agreement.