Class Representatives’ Compensation Clause Samples
The Class Representatives’ Compensation clause defines the payment or benefits provided to individuals who serve as representatives for a class in a class action lawsuit. Typically, this clause outlines the criteria for awarding compensation, such as the time, effort, or risks undertaken by the representatives, and may specify the amount or method of calculation. Its core function is to ensure that class representatives are fairly compensated for their role and responsibilities, thereby encouraging qualified individuals to represent the interests of the class and facilitating the effective prosecution of class actions.
Class Representatives’ Compensation. The Settlement Notice shall inform Former Participants of the Claims Deadline by which they must file a completed Former Participant Claim Form to be eligible for a distribution in accordance with the Plan of Allocation.
Class Representatives’ Compensation. The Settlement Notice shall inform Former Participants of the
Class Representatives’ Compensation. The Postcard Settlement Notice shall direct Class Members to the Settlement Website for additional information.
Class Representatives’ Compensation. Subject to approval and modification by the Court, Defendant will not object to the Class Representatives seeking court approval of a payment no greater than $85,000 each out of the Settlement Amount for services as class representatives, within 14 days after Final Approval, in addition to any amounts due to them as Class relief to be paid by the Settlement Administrator from the corpus of the Escrow Account. Court approval of Class representatives’ compensation in an amount less than stated herein shall not negate any other provisions of this Settlement Agreement, which shall remain fully effective and enforceable.
Class Representatives’ Compensation. Subject to approval and modification by the District Court, COP will not object to the Class Representative seeking court approval of a payment no greater than $120,000 out of the Settlement Amount for services as Class Representative, within fourteen (14) days after Final Approval, in addition to any amounts due to it as Settlement Class relief to be paid by the Settlement Administrator from the corpus of the Escrow Account. District Court approval of Class Representative’s compensation in an amount less than stated herein shall not negate any other provisions of this Settlement Agreement, which shall remain fully effective and enforceable.