Class Representative Service Payments To Plaintiffs Sample Clauses

Class Representative Service Payments To Plaintiffs. In exchange for the general releases as set forth in Paragraph 6.8 below, and in recognition of Plaintiffs’ effort and work in prosecuting the Actions, Defendant agrees not to oppose or impede any application or motion for Class Representative Service Payments (“Service Payments”) to the Class Representatives of not more than $20,000 ($10,000 to Plaintiff Xxxxxx and $10,000 to Plaintiff Xxxxxx). The Service Payments will be paid from the Gross Settlement Amount and will be in addition to Plaintiffs’ Individual Settlement Payments paid pursuant to the Settlement. As part of the motion for Class Counsel Attorneys’ Fees and Costs, Plaintiffs will seek Court approval for any Service Payments no later than 16 Court days prior to the Final Approval Hearing. An award by the Court of Service Payments in amounts less than the amounts applied for by Plaintiffs, or any of them, will not be grounds for Plaintiffs or Class Counsel, or any of them, to challenge or withdraw from the Settlement, and any amounts not awarded as Service Payments will be included in the Net Settlement Amount. Each Service Payment shall be reported by the Settlement Administrator on IRS Form 1099-HISC as non-wage income and provided by it to the Plaintiff receiving the Service Payment as well as applicable governmental authorities. Plaintiffs will be solely and legally responsible and assume full responsibility and liability to pay any and all applicable taxes owed on the Class Representative Service Payment.
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Related to Class Representative Service Payments To Plaintiffs

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