Funding of the Gross Settlement Amount Sample Clauses

Funding of the Gross Settlement Amount. Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 30 days after the Effective Date.
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Funding of the Gross Settlement Amount. Within twenty-one (21) calendar days of 22 the Effective Date of the Settlement, Defendant will deposit the Gross Settlement Amount into a 23 d by the Settlement Administrator. Defendant 24 shall provide all information necessary for the Settlement Administrator to calculate necessary 25 payroll taxes including its official name, eight (8) digit state unemployment insurance tax ID 26 number, and other information requested by the Settlement Administrator, no later than seven (7) 27 calendar days of the Effective Date. 28
Sample 1
Funding of the Gross Settlement Amount. CertifiedSafety shall make a one- time deposit of the Gross Settlement Amount into a Qualified Settlement Account to be established by the Settlement Administrator. The funds in the Qualified Settlement Account shall be used to pay: (1) Individual Settlement Payments; (2) the Class Counsel Award; (3) the Class Representative Service Payments; (4) Settlement Administration Costs; and (5) the LWDA Payment. CertifiedSafety shall deposit the Gross Settlement Amount within fourteen (14) calendar days of the Effective Date. As set forth herein, one-third of each Individual Settlement Share shall be allocated as wages. CertifiedSafety shall separately pay all employer’s share of withholdings and taxes associated with the wage-portion of the Individual Settlement Shares, including but not limited to all required FICA and FUTA taxes on such amounts (“CertifiedSafety’s Payroll Taxes”). CertifiedSafety shall pay CertifiedSafety’s Payroll Taxes separately from, and in addition to, the Gross Settlement Amount. The Settlement Administrator shall calculate the employer share of taxes and provide CertifiedSafety with the total amount of CertifiedSafety’s Payroll Taxes within seven (7) calendar days of the Effective Date. CertifiedSafety shall deposit the amount of CertifiedSafety’s Payroll Taxes within fourteen (14) calendar days of the Effective Date.
Sample 1
Funding of the Gross Settlement Amount. Defendants shall fund the Gross Settlement Amount in three installments by transmitting the funds to the Administrator as follows: The first installment of $165,000, along with the amounts necessary to pay Defendants’ share of payroll taxes applicable this amount, shall be made within thirty (30) days of Preliminary Approval (“First Installment”). The second installment of $200,000, along with the amounts necessary to pay Defendants’ share of payroll taxes applicable this amount, shall be made eleven (11) months after the First Installment is made (“Second Installment”). The third installment of $200,000, along with the amounts necessary to pay Defendants’ share of payroll taxes applicable this amount, shall be made twelve
Sample 1
Funding of the Gross Settlement Amount. In full settlement of the Released Class Claims 11 and Released PAGA Claims and following the Effective Date, Defendant will make a one-time deposit of 12 the Gross Settlement Amount of Thirteen Million Nine Hundred Eighty-Five Thousand Dollars 13 ($13,985,000) into a Qualified Settlement Account to be established by the Settlement Administrator.
Sample 1
Funding of the Gross Settlement Amount. Within 15 business days of the Effective Date, Defendant shall transmit the Gross Settlement Amount to the Administrator.
Sample 1
Funding of the Gross Settlement Amount. In full settlement of the Released Class Claims and Released PAGA Claims and following the Effective Date, Defendant will transmit the Gross Settlement Amount of Four Million Seven Hundred Thousand Dollars ($4,700,000) into a Qualified Settlement Account to be established by the Settlement Administrator. Defendant will deposit one-half (1/2) of the Gross Settlement Amount in the sum of Two Million Three Hundred and Fifty Thousand Dollars ($2,350,000) within fifteen (15) business days of the Effective Date (“Initial Funding Date”). Defendant will deposit the remainder of the Gross Settlement Amount in the sum of Two Million Three Hundred and Fifty Thousand Dollars ($2,350,000) within ninety (90) days of the Initial Funding Date (“Second Funding Date”). Concurrently with its delivery of the remainder of the Gross Settlement Amount on the Second Funding Date, Defendant shall deliver its share of Withholdings and Taxes separately, as calculated by the Settlement Administrator based on the wage portion of the Individual Class Payments. The Gross Settlement Amount will be used for: (i) all Individual Settlement Payments; (ii) the PAGA Settlement Amount; (iii) all Class Representative Service Payments; (iv) Attorneys’ Fees and Costs; and (v)
Sample 1
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Related to Funding of the Gross Settlement Amount

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Gross Settlement Amount Except as otherwise provided by Paragraph 9 below, Defendant promises to pay $150,000.00 and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments. Defendant has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 6.1 of this Agreement. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment. None of the Gross Settlement Amount will revert to Defendant.

  • Settlement Amount If the Non-Defaulting Party has declared an Early Termination Date pursuant to Section 7.2(b), the Non-Defaulting Party shall have the right to (i) accelerate all amounts owing between the Defaulting Party and the Non-Defaulting Party and to liquidate and terminate the undertakings set forth in this Agreement as between the Defaulting Party and the Non-Defaulting Party; and (ii) withhold any payments due to the Defaulting Party under this Agreement pending payment of the Termination Payment. The Non-Defaulting Party will calculate, in a commercially reasonable manner, the Settlement Amount with respect to the Defaulting Party’s obligations under the Agreement and shall net the Settlement Amount in the manner provided for in Section 7.3(c).

  • Payment of Settlement Amount (1) Within thirty (30) days of the Date of Execution, the Settling Defendants shall pay the Settlement Amount to Siskinds LLP, for deposit into the Trust Account.

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

  • Qualified Settlement Fund The Administrator shall establish a settlement fund that meets the requirements of a Qualified Settlement Fund (“QSF”) under US Treasury Regulation section 468B-1.

  • Sales During Pre-Settlement Period Notwithstanding anything herein to the contrary, if at any time on or after the time of execution of this Agreement by the Company and an applicable Purchaser, through, and including the time immediately prior to the Closing (the “Pre-Settlement Period”), such Purchaser sells to any Person all, or any portion, of any shares of Common Stock to be issued hereunder to such Purchaser at the Closing (collectively, the “Pre-Settlement Shares”), such Purchaser shall, automatically hereunder (without any additional required actions by such Purchaser or the Company), be deemed to be unconditionally bound to purchase, and the Company shall be deemed unconditionally bound to sell, such Pre-Settlement Shares to such Purchaser at the Closing; provided, that the Company shall not be required to deliver any Pre-Settlement Shares to such Purchaser prior to the Company’s receipt of the purchase price of such Pre-Settlement Shares hereunder; and provided further that the Company hereby acknowledges and agrees that the forgoing shall not constitute a representation or covenant by such Purchaser as to whether or not during the Pre-Settlement Period such Purchaser shall sell any shares of Common Stock to any Person and that any such decision to sell any shares of Common Stock by such Purchaser shall solely be made at the time such Purchaser elects to effect any such sale, if any.

  • Settlement Averaging Period For any Option and regardless of the Settlement Method applicable to such Option:

  • Settlement Date For any Option, the second Business Day immediately following the final Valid Day of the Settlement Averaging Period for such Option.

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