Gross Settlement Amount Sample Clauses

Gross Settlement Amount. Except as otherwise provided by Paragraph 8 below, Defendant promises to pay $2,441,992 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 5.1 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.

Gross Settlement Amount. Defendant promises to pay $700,000 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. Defendants have no obligation to pay the Gross Settlement Amount (or any employer payroll taxes) prior to the deadline stated in Section D of this Settlement. 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 Defendants.

Gross Settlement Amount. As consideration, Performance Team agrees to pay a “Gross Settlement Amount” or “GSA” of One Hundred Ten Thousand Dollars and Zero Cents ($110,000.00) in full and complete settlement of this matter, as follows: A. The Parties have agreed to engage ILYM Group, Inc.. (“ILYM”) as the “Settlement Administrator” to administer this Settlement. B. The Gross Settlement Amount shall be deposited with the Settlement Administrator within twenty-one (21) calendar days after Final Approval (which, for this purpose, shall be defined as the date on which the Court enters an Order granting Final Approval) or, solely in the event that there are any objections to the settlement (the filing of an objection being a prerequisite to the filing of an appeal), the later of: (i) twenty-one (21) days after the last date on which any appeal might be filed or (ii) twenty-one (21) days after the successful resolution of any appeal(s). C. This is a non-reversionary settlement. The Gross Settlement Amount includes: (1) All payments (including interest) to the Settlement Class; (2) All payments (including interest) to the PAGA Employees; (3) All costs of the Settlement Administrator and settlement administration, which are anticipated to be no greater than $4,760.00; (4) Up to $5,000.00 for each Plaintiff (for a total of $10,000), for Plaintiffs’ Class Representative Incentive Awards, in recognition of their contributions to the Lawsuit and their service to the Settlement Class; (5) Class Counsel attorney fees of 33.3% of the GSA (currently estimated to be $36,666.00), plus litigation costs and expenses incurred by Class Counsel in relation to the Lawsuit as supported by declaration, which are currently estimated to be no greater than $12,500.00, not including the mediator’s fee which is to be reimbursed separately from this Settlement by Defendants. In the event the Court reduces or does not approve the requested Class Counsel attorneys’ fees and costs, Class Counsel shall not have the right to revoke this settlement, and it will remain binding (although Class Counsel will retain the right to appeal the Court’s award if it is less than amount sought); (6) LWDA allocation of $23,037.00, with 75% paid to the LWDA ($17,277.75) (“LWDA payment”) and 25% ($5,759.25) (“PAGA payment”) being distributed to PAGA employees per paragraph 4(C) below. D. Performance Team’ share of payroll taxes on any wage portion of the payments to the Settlement Class shall be paid by Performance Team separately fr...

Gross Settlement Amount. Except as otherwise provided by Paragraph 8 below, Defendants promise to pay Three Hundred and Fifty-Five Thousand Dollars ($355,000) 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. Defendants have no obligation to pay the Gross Settlement Amount or any payroll taxes prior to the deadline stated in Paragraph 4.3 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 Defendants.

Gross Settlement Amount. Except as otherwise provided by Paragraph 9 below, Defendants promise to pay $3,800,000 and no more as the Gross Settlement Amount. This amount is all-inclusive of all payments contemplated in this resolution, excluding any employer-side payroll taxes on the portion of the Individual Class Payments allocated to wages which shall be separately paid by Defendants to the Administrator. Defendants have no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 4.3 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 Defendants.

Gross Settlement Amount. Subject to all terms of this Agreement, Defendant shall pay the Gross Settlement Amount in connection with this Settlement. The Gross Settlement Amount does not include any employer payroll taxes owed on the Wage Portion of the Individual Class Payments, which shall be paid separately. The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members and/or PAGA Members to submit any claim as a condition of payment. The Gross Settlement Amount is non-reversionary.

Gross Settlement Amount. Except as otherwise provided by Paragraph 8 below, Defendants promise to pay $750,000 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 Settlement Shares. Defendants have no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 4.3 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 Defendants.

Gross Settlement Amount. “Gross Settlement Amount” refers to the total 7 payment Defendant is obligated to make in connection with the Agreement: $2,490,000. This sum 8 includes all Individual Settlement Payments, any Service Payment, all Administrative Costs, and the 9 Class Counsel Fees.

Gross Settlement Amount. “Gross Settlement Amount” refers to the total 28 payment Defendant is obligated to make in connection with the Agreement: $1,500,000. This sum 1 includes all Individual Settlement Payments, any Service Payment, all Administrative Costs, and the 2 Class Counsel Fees.

Gross Settlement Amount. Subject to the terms and conditions of this Agreement, the Gross Settlement Amount that Defendant will pay under this Settlement is Two Million Three Hundred Thousand Dollars ($2,300,000). This amount is all-inclusive of all payments contemplated in this resolution, excluding any employer-side payroll taxes on the portion of the Settlement Shares allocated to wages which shall be separately paid by Defendant to the Settlement Administrator. All of the Gross Settlement Amount will be disbursed pursuant to this Agreement without the need to submit a claim form and none of the Gross Settlement Amount will revert to Defendant.