Common use of Amount available for distribution Clause in Contracts

Amount available for distribution. Under the proposed settlement, the Defendants will pay an all-inclusive amount of $7 million agreed at mediation and two additional amounts as follows: (i) an additional $28,928.34 which is the amount agreed to in relation to certain data adjustments provided following mediation, and (ii) an additional amount to be calculated for the former employees who left ▇▇▇▇▇▇▇▇▇▇ between September 17, 2024 and the date that this Settlement Agreement is fully executed, which will compensate them for the negative vacation bank shown in ▇▇▇▇▇▇▇▇▇▇’ records (“Gross Settlement Funds”) to former employees who left Desjardins prior to signing this settlement agreement with negative vacation balances. The Gross Settlement Funds and less court-approved legal fees, funding fees, disbursements, honorarium, administration expenses and applicable taxes are available for compensation to eligible Settlement Class Members (“Net Settlement Funds”).

Amount available for distribution. Under the proposed settlement, the Defendants ▇▇▇▇▇▇▇▇▇▇ will pay an all-inclusive amount of $7 million 7,000,000 agreed at mediation and two additional amounts as follows: (i) an additional $28,928.34 which is the amount agreed to in relation to certain data adjustments provided following mediation, and (ii) an additional amount to be calculated for the former employees who left ▇▇▇▇▇▇▇▇▇▇ between September 17, 2024 and the date that this Settlement Agreement is fully executed, which will compensate them for the negative vacation bank shown in ▇▇▇▇▇▇▇▇▇▇’ records (“Gross Settlement Funds”) to former employees who left Desjardins prior to signing this settlement agreement with negative vacation balances. The Gross Settlement Funds and less court-approved legal fees, funding fees, disbursements, honorarium, administration expenses and applicable taxes are available for compensation to eligible Settlement Class Members (“Net Settlement Funds”).