Calculation of Settlement Payments Sample Clauses

Calculation of Settlement Payments. Payments to Authorized Former Participants and Current Participants shall be calculated by the Settlement Administrator in accordance with the Plan of Allocation as follows:
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Calculation of Settlement Payments. 6.2.1 Upon determining the Net Settlement Amount in accordance with the preceeding sections, the Settlement Administrator shall divide the Net Settlement Amount into 24 equal Quarterly Settlement Allocations.
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Calculation of Settlement Payments. Payments to Class Members shall be calculated by the Settlement Administrator pursuant to the Plan of Allocation as follows:
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Calculation of Settlement Payments. Each Settlement Class Member’s share of the Net Settlement Amount shall be based upon his or her “Compensable Workweeks,” or the total number of workweeks worked by each respective Settlement Class Member as nonexempt hourly employee as a laborer or operator, from March 27, 2016 to November 24, 2021 (“Class Period”). The individual Settlement Payment for each Settlement Class Member shall be calculated as follows: Defendants Kellytoy, (USA), Inc., Xxxxxxxx Xxxxx, and Kellytoy Worldwide, Inc. (“Defendants”) shall provide the Settlement Administrator with the Compensable Workweeks for each Settlement Class Member; the Settlement Administrator shall then divide the total number of weeks worked by all Settlement Class Members as non-exempt employees in California during the Class Period (“Workweeks”), multiplied by the number of Workweeks worked by that Settlement Class Member. Workweeks will be calculated by Defendants based on time and pay records, Any calendar week that a Settlement Class Member worked at least one day will be considered a Workweek. This calculation yields the amount of the Settlement Class Member’s “Individual Settlement Payment.” The Individual Settlement Payment will then be reduced by any required legal deductions and/or payroll withholdings.
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Calculation of Settlement Payments. 6.2.1 The Plan will provide the Settlement Administrator with data reflecting the differential between potential earnings that could have been deferred to the Plan by each Class Member, based on their deferral elections and funds available to them after other deductions were made, if credit card tipped earnings had been available for deferral (“Potential Deferral”) and the amount actually deferred by the Class Member during each pay period in the Class Period (“Actual Deferral”). The difference between the Potential Deferral and the Actual Deferral is referred to as the Delta.
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Calculation of Settlement Payments. Class Counsel shall calculate the Settlement Payment to be allocated to each Settlement Class Member, regardless of whether such Settlement Class Member submits a Claim Form or an Opt-Out Request. Potential Settlement Payments will be calculated using the payroll records of the Settlement Class Members. Each potential Settlement Payment will constitute that Settlement Class Member’s pro rata share of the Net Settlement Amount based on the number of weeks the Settlement Class Member worked as an MWD Field Specialist and/or MWD Field Engineer and was paid a salary and day rate and their rate of pay during those weeks from November 22, 2013 through November 26, 2016.
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Calculation of Settlement Payments. The Net Settlement Fund shall be distributed to all Eligible Class Members, with each such member being entitled to an individual award representing that member’s pro rata share. The Administrator shall calculate each Eligible Class Member’s estimated gross payment from the Net Settlement Fund (“Estimated Payment Amount”) using the following formula:
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Calculation of Settlement Payments a. Settlement Class Members may submit a claim for a standard payment amount, which shall entitle them to an equal share of the Settlement Fund, after deduction for Attorneys’ Fees and Expenses, Settlement Administration Expenses, Service Awards, and subject to claims paid pursuant to paragraphs (c) and (d) below, for each temporal period (as identified on the Claim Form) they resided in the Class Area during the Class Period. If a Settlement Class Member resided in the Class Area for any portion of a temporal period (as identified on the Claim Form), they are considered to have resided in the Class Area for that temporal period.
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Related to Calculation of Settlement Payments

  • Settlement Payments On the first Business Day of each month ("Interest Settlement Date"), Collateral Agent will advise each Lender by telephone, fax or telecopy of the amount of such Lender's share of interest and fees on each of the Loans as of the end of the last day of the immediately preceding month. Provided that such Lender has made all payments required to be made by it under this Agreement, Collateral Agent will pay to such Lender, by wire transfer to such Lender's account (as specified by such Lender on the signature page of this Agreement or the applicable Assignment and Acceptance Agreement, as amended by such Lender from time to time after the date hereof or in the applicable Assignment and Acceptance Agreement) not later than 3:00 p.m. Chicago time on the next Business Day following the Interest Settlement Date, such Lender's share of interest and fees on each of the Loans. Such Lender's share of interest on each Loan will be calculated for that Loan by adding together the Daily Interest Amounts for each calendar day of the prior month for that Loan and multiplying the total thereof by the Interest Ratio for that Loan. Such Lender's share of the Unused Line Fee described in subsection 2.3(A) shall be an amount equal to (a)(i) such Lender's average Revolving Loan Commitment during such month, less (ii) the sum of (x) such Lender's average Daily Loan Balance of the Revolving Loans, plus (y) such Lender's Pro Rata Share of the average daily aggregate amount of Letter of Credit Reserve, in each case for the preceding month, multiplied by (b) the percentage required by subsection 2.3(A). Such Lender's share of all other fees paid to Collateral Agent for the benefit of Lenders hereunder shall be paid and calculated based on such Lender's Commitment with respect to the Loans on which such fees are associated. To the extent Collateral Agent does not receive the total amount of any fee owing by Borrowers under this Agreement, each amount payable by Collateral Agent to a Lender under this subsection 9.8(A)(4) with respect to such fee shall be reduced on a pro rata basis. The Collateral Agent and the Lenders hereby acknowledge and agree that in no event shall the aggregate fee payments received by such Lenders pursuant to this subsection 9.8(A)(4) exceed the total amount of fees pursuant to subsection 2.3.

  • Termination of Settlement If the Settlement is terminated as provided in the Stipulation, the Settlement is not approved, or the Effective Date of the Settlement otherwise fails to occur, this Order shall be vacated, rendered null and void and be of no further force and effect, except as otherwise provided by the Stipulation, and this Order shall be without prejudice to the rights of Lead Plaintiffs, the other Settlement Class Members and Defendants, and the Parties shall revert to their respective positions in the Action as of March 11, 2016, as provided in the Stipulation.

  • Settlement Payment If the resulting net amount is positive, it shall be payable by the Defaulting Party to the Non-Defaulting Party, and if it is negative, then the absolute value of such amount shall be payable by the Non-Defaulting Party to the Defaulting Party.

  • THE SETTLEMENT BENEFITS What You Get

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