Wage Claimant definition

Wage Claimant means a Claimant asserting a Claim pursuant to Section
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Wage Claimant means a Claimant asserting a Claim
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Wage Claimant means a Claimant asserting a Claim pursuant to Section 507(a)(3) or (a)(4) of the Bankruptcy Code.
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Examples of Wage Claimant in a sentence

  • The percentage amount which Krystal shall withhold from the backpay portion of the Settlement Amount for each Wage Claimant for income taxes shall be determined pursuant to the IRS' "Tables for Percentage Method of Withholding," Table 7 single person claiming one withholding allowance - for annual payroll period, plus 6.2% for social security taxes, plus 1.45% for Medicare taxes and any applicable state or local taxes.

  • Following this allocation, Stewart, Estes & Donnell will supply Krystal at least twenty (20) days prior to confirmation of the Plan, but in no event prior to March 1, 1997, with a written list of the gross amounts of backpay and liquidated damages allocated to each Wage Claimant and the social security number and last known address of each Wage Claimant who is to receive a payment from the Settlement Amount.

  • Under the proposed Plan, on the Effective Date, each Allowed Wage Claim shall be paid in full in Cash or upon such other terms as may be agreed upon between any Allowed Wage Claimant and the Debtor.

  • On the Effective Date, each Allowed Wage Claim shall be paid in full in Cash or upon such other terms as may be agreed upon by and between any Allowed Wage Claimant and the Debtor.

Related to Wage Claimant

  • Claimant means a person who believes that he or she is being denied a benefit to which he or she is entitled hereunder.

  • Administrative Claim means a Claim for costs and expenses of administration of the Estates under sections 503(b), 507(a)(2), 507(b), or 1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs and expenses incurred on or after the Petition Date of preserving the Estates and operating the businesses of the Debtors; (b) Allowed Professional Fee Claims in the Chapter 11 Cases; and (c) all fees and charges assessed against the Estates under chapter 123 of title 28 of the United States Code, 28 U.S.C. §§ 1911-1930.

  • Allowed Administrative Claim means an Administrative Claim that is an Allowed Claim.

  • Authorized Claimant means any Class Member whose claim for recovery has been allowed pursuant to the terms of the Stipulation.

  • Allowed Secured Claim means an Allowed Claim secured by a lien, security interest or other charge against property in which the Estate has an interest, or which is subject to setoff under Section 553 of the Bankruptcy Code, to the extent of the value, determined in accordance with Section 506(a) of the Bankruptcy Code, of the interest of the holder of such Allowed Secured Claim in the Estate's interest in such property, or to the extent of the amount subject to any setoff, as the case may be.

  • Class Member means a member of the Class.

  • Secured Claim means a Claim that is secured by a Lien on property in which any of the Debtors’ Estates have an interest or that is subject to setoff under section 553 of the Bankruptcy Code, to the extent of the value of the Claim holder’s interest in such Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code or, in the case of setoff, pursuant to section 553 of the Bankruptcy Code.

  • Disallowed Claim means (a) a Claim, or any portion thereof, that has been disallowed by a Final Order or a settlement, (b) a Claim or any portion thereof that is Scheduled at zero or as contingent, disputed, or unliquidated and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law, or (c) a Claim or any portion thereof that is not Scheduled and as to which a proof of claim bar date has been established but no proof of claim has been timely filed or deemed timely filed with the Bankruptcy Court pursuant to either the Bankruptcy Code or any Final Order of the Bankruptcy Court or otherwise deemed timely filed under applicable law.

  • Professional Fee Claim means a Claim by a professional seeking an award by the Bankruptcy Court of compensation for services rendered or reimbursement of expenses incurred through and including the Confirmation Date under sections 330, 331, 503(b)(2), 503(b)(3), 503(b)(4), or 503(b)(5) of the Bankruptcy Code.