Settlement Award definition

Settlement Award means a cash payment that may be available to eligible Settlement Class Members.

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Settlement Award means a cash payment that may be available to eligible Class Members pursuant to Section 12 of this Agreement.

Settlement Award means the amount remitted by the Settlement Administrator out of the Settlement Fund to a Settlement Class Member who submits a Valid Settlement Claim.

Examples of Settlement Award in a sentence

• Each Proposed Class Member who does not submit a valid and timely request for exclusion will automatically be a Settlement Class Member and eligible to receive a Settlement Award.

• No later than one hundred twenty (120) days after the initial distribution of the Settlement Award checks, the Settlement Administrator shall provide both Parties with an accounting indicating which funds have been distributed to Settlement Class Members and which, if any, checks to Settlement Class Members have not been negotiated by that time.

• The Settlement Administrator shall mail any Settlement Class Member his or her Settlement Award check if he or she contacts the Settlement Administrator and provides a correct mailing address within ninety (90) days after the initial distribution of the Settlement Award checks.

• The Settlement Administrator shall also have the responsibility to determine any Proposed Class Member’s eligibility for a Settlement Award (i.e., to determine whether any Proposed Class Member is a Settlement Class Member).

• Fifty Percent (50%) of each Settlement Award will be treated as wages and subject to normal payroll tax withholdings and payments, and these amounts shall be reported to the taxing authorities and the Settlement Class Members on IRS Forms W-2.

More Definitions of Settlement Award

Settlement Award means a Credit Benefit or Cash Benefit provided to an eligible Settlement Class Member.

Settlement Award means the gross payments that each Class Member shall be entitled to receive pursuant to the terms of the Settlement Agreement and shall be inclusive of any Settlement Payment and any Further Settlement Payment as set forth in Section 3(B)(iii).

Settlement Award means an electronic payment to an eligible Settlement Class Member pursuant to Section III.D. of this Agreement. The Settlement Awards will be set at Fifteen Dollars ($15 USD) per valid Claim and subject to pro rata increase or decrease, depending on the number of all approved Claims submitted, as described in Section III.D.

Settlement Award means, at the election of the Settlement Class Member, an electronic payment via PayPal or a cash payment in the form of a check to an eligible Settlement Class Member pursuant to Section III.E of this Agreement. The Settlement Awards will be capped at $2.00 each and subject to pro rata decrease, depending on the number of all approved Claims submitted, as described in Section III.E.

Settlement Award means the gross payment to any Settlement Class

Settlement Award means a cash payment that may be available to each Claimant from the net Settlement Proceeds remaining after deducting all Court‐approved awards to Plaintiffs for their service, to Plaintiffs’ counsel for their attorneys’ fees and expenses, and to the Claims Administrator for notice and settlement administration.

Settlement Award means a cash payment that may be available to eligible Settlement Class Members who submit an Approved Claim Form pursuant to Section 11 of this Agreement.