Total Settlement Fund definition

Total Settlement Fund means the Settlement Fund plus all interest and accretions thereto earned after being deposited to the Escrow Account controlled by the Escrow Agent.

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Total Settlement Fund means the qualified settlement fund this Agreement obligates Defendant to fund in the amount of $9,200,000, which is in the form of a non- reversionary common fund and is established in accordance with 26 C.F.R. §§ 1.468B-1(c) and (e)(1).

Total Settlement Fund means, collectively, the Class Settlement Fund, as defined in Paragraph 11(a) of this Stipulation, and the Derivative Settlement Fund, as defined in Paragraph 11(b) of this Stipulation.

Examples of Total Settlement Fund in a sentence

All costs and liabilities related to the administration, maintenance, investment, use and/or disbursement of the Settlement Fund shall be borne by the Total Settlement Fund, and the Released Parties shall have no responsibility for, interest in, or liability whatsoever with respect to the actions of the Escrow Agent, or any transactions executed by the Escrow Agent.
The Escrow Agent or its designee shall apply for any Tax refund owed on the Total Settlement Fund and pay the proceeds, after deduction of any fees or expenses incurred in connection with such application(s) for refund to the same Persons in the same manner as the Total Settlement Fund described in this Section 8.4. Such payments shall be pursuant to written instructions from Columbia counsel.
The Escrow Agent, through the Total Settlement Fund, shall indemnify and hold each of the Released Parties harmless for Taxes and Tax Expenses (including, without limitation, Taxes payable by reason of any such indemnification).
The amount of each Cash Award will be determined by the following formula: (Total Settlement Fund – Settlement Costs) ÷ (Total Number of Approved Claims) = Cash Award.
The Administration Expenses will be paid from the Total Settlement Fund.
The Claims Administrator’s determinations regarding claims received and the distribution of the Total Settlement Fund are final and non-appealable.
The Administration Expenses will be paid from the Total Settlement Fund, within 30 days of the invoice provided.
Class Counsel may file a Fee Application seeking an award of attorneys’ fees and reimbursement of reasonable expenses of no more than one-third of the Total Settlement Fund, plus costs and a Service Award of $5,000 to the Plaintiff, all of which shall, if approved by the Court, be paid from the Settlement Fund.
The Total Settlement Fund Value is twenty-two million, nine hundred and ninety- nine thousand dollars ($22,999,000), subject to the rights, terms, and conditions of this Agreement.
The intention of the Parties is that the Total Settlement Fund will first be used to pay for the Administration Expenses (as defined in the Settlement Agreement).

More Definitions of Total Settlement Fund

Total Settlement Fund means a fund of a total of nine million four hundred thousand dollars ($9,400,000) to be paid by the DIRECTV Defendants in accordance with the terms of this Agreement. That amount shall reflect the total monetary liability to Plaintiffs or Settlement Class Members for all Defendants in this Litigation; under no circumstances shall any Defendant be required to pay any additional amount under the Settlement to Plaintiffs, Settlement Class Members, counsel for Plaintiffs, or the Administrator.

Total Settlement Fund means the fund consisting of the maximum amount of Four Million Five Hundred Thousand Dollars and zero cents ($4,500,000.00) to be paid by Defendant in full satisfaction of all Released Class Claims, Released FLSA Claims, and claims encompassed by the General Release by Class Representatives, which includes all Individual Settlement Payments to Participating Class Members and Participating FLSA Members (inclusive of the employee’s share of taxes and withholdings with respect to the Wage Portion, as set forth in Section III, Paragraph 9, infra), the Incentive Awards, Settlement Administration Costs, the LWDA Payment, the Attorneys' Fees and Costs, and Employer Taxes. In no event will Defendant be liable for more than the amount of the Total Settlement Fund. The entire Total Settlement Fund will be fully paid out and no portion of it will revert or be retained by Defendant.

Total Settlement Fund and “Midland Settlement Fund” means the fund described in Section 4.1.

Total Settlement Fund means the sum of all the State Subclass Total Settlement Funds.

Total Settlement Fund means the maximum amount that will be paid under the terms of this Agreement: $366,000.00.