How Much Can I Expect to Receive From This Settlement Sample Clauses

How Much Can I Expect to Receive From This Settlement. As stated in Section No. 5 above, the total maximum amount that Defendant will be required to pay under the Settlement Agreement is $2,000,000 (“Gross Settlement Amount”). The Gross Settlement Amount will be used to pay the following amounts, subject to Court approval: (1) a $10,000 Class Representative Enhancement Payment to Plaintiff, subject to Court approval; (2) up to $15,000 in Administration Costs to the Settlement Administrator, subject to Court approval; (3) the $100,000 PAGA Payment, seventy-five percent (75%) of which $75,000 shall be paid to the LWDA, and twenty-five percent (25%) of which $25,000 shall be distributed to Eligible Aggrieved Employees, on a pro rata basis, subject to Court approval; (4) a $700,000 Attorney Fee Award to Class Counsel (35% of the Gross Settlement Amount), subject to Court approval; and (5) a $30,000 Cost Award to Class Counsel, subject to Court approval. The amount that remains after all payments are made is the Net Settlement Amount, which is currently estimated to be $1,145,000.
Sample 1
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How Much Can I Expect to Receive From This Settlement. A. How Will My Individual Settlement Share Be Calculated? The Net Settlement Amount will be paid to the Class Members who do not opt out of the Settlement (“Participating Class Members”) in the form of Individual Settlement Shares. If the Court approves any of the above-referenced payments in smaller amounts, the Net Settlement Amount will be larger. The Settlement Administrator will mail each Participating Class Member an Individual Settlement Share that is equal to: (1) the number of workweeks the Participating Class Member worked during the Class Period, (2) divided by the total number of workweeks worked by all Participating Class Members collectively during the Class Period, (3) which is then multiplied by the Net Settlement Amount. Therefore, the value of each Participating Class Member’s Individual Settlement Share ties directly to the number of workweeks the Participating Class Member worked during the Class Period. Your approximate Individual Settlement Share is $ , less taxes. This is based on Defendant’s records, which show you worked workweeks during the Class Period. The amount of your Individual Settlement Share will change if Class Members opt out of the Settlement, if workweek estimates change, and/or if the Court does not approve all the above-referenced payments from the Gross Settlement Amount in full. Twenty percent (20%) of your Individual Settlement Share will be treated as unpaid wages. The wages portion of your Individual Settlement Share will be subject to all tax withholdings customarily made from an employee’s wages and all other authorized and required withholdings and will be reported on an IRS Form W-2. Eighty percent (80%) of your Individual Settlement Share will be treated as penalties, and interest. The penalties and interest portions of your Individual Settlement Share will be subject to all authorized and required withholdings other than the tax withholdings customarily made from employees’ wages and will be paid pursuant to an IRS Form 1099. The Settlement Administrator will mail your Individual Settlement Share check to the address the Settlement Administrator has on record for you. Therefore, it is important that you keep the Settlement Administrator informed of any change of address. / / / / / / / / /
Sample 1
How Much Can I Expect to Receive From This Settlement. As stated in Section No. 5 above, the total maximum amount that Defendant will be required to pay under the Settlement Agreement is $3,050,000 (“Gross Settlement Amount”). The Gross Settlement Amount will be used to pay the following amounts, subject to Court approval: (1) a $10,000 Class Representative Enhancement Payment to each Plaintiff Xxxxxxx Xxxxx and Xxxxxxxxxxx Xxxxxxxx; (2) up to $20,000 in Administration Costs to the Settlement Administrator; (3) the $100,000 PAGA Payment, seventy- five percent (75%) of which ($75,000) shall be paid to the LWDA, and twenty-five percent (25%) of which ($25,000) shall be distributed to Eligible Aggrieved Employees, on a pro-rata basis; (4) a $1,159,000 Attorney Fee Award to Class Counsel (38% of the Gross Settlement Amount); and (5) a $25,000 Cost Award to Class Counsel. The amount that remains after all payments are made is the Net Settlement Amount, which is currently estimated to be $1,726,000. Defendant will receive a credit of $337,584, which will result in the amount of at least $1,388,416 being distributed. Ninety percent (90%) of the Net Settlement Amount shall be designated to pay Class Members directly hired by Defendant and ten percent (10%) of the Net Settlement Amount shall be designated to pay the Class Members hired or working for Defendant through a staffing agency (“Temp” employees).
Sample 1
How Much Can I Expect to Receive From This Settlement. Defendants will pay, subject to Court approval, a Gross Settlement Amount of $2,500,000.00. The Gross Settlement Amount will be used to pay the following amounts, subject to Court approval: (1) a $10,000 Class Representative Enhancement Payment to Plaintiff; (2) up to $20,000 in Administration Costs to the Settlement Administrator; (3) a $875,000.00 Attorney Fee Award to Class Counsel; (4) a $25,000 Cost Award to Class Counsel; and (5) a $100,000 PAGA Payment, seventy-five percent (75%) of which ($75,000) shall be paid to the LWDA, and the remaining twenty-five percent (25%) of which ($25,000) shall be distributed to Eligible Aggrieved Employees as Individual PAGA Payments. The amount that remains after all payments are made is the Net Settlement Amount, which is currently estimated to be $1,470,000.00.
Sample 1

Related to How Much Can I Expect to Receive From This Settlement

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • When Must Distributions from a Xxxx XXX Begin Unlike Traditional IRAs, there is no requirement that you begin distribution of your account during your lifetime at any particular age.

  • 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:

  • DETERMINATIONS AND NOTIFICATIONS IN RESPECT OF NOTES AND INTEREST DETERMINATION (a) The Agent shall, unless otherwise specified in the applicable Final Terms, make all the determinations and calculations which it is required to make, if any, under the Conditions, all subject to and in accordance with the Conditions.

  • Early Termination in the Public Interest The State is entering into this Contract to serve the public interest of the State of Colorado as determined by its Governor, General Assembly, or Courts. If this Contract ceases to further the public interest of the State, the State, in its discretion, may terminate this Contract in whole or in part. This subsection shall not apply to a termination of this Contract by the State for breach by Contractor, which shall be governed by §15.A.i.

  • FAILURE TO HONOUR SETTLEMENT AGREEMENT 32. If this Settlement Agreement is accepted by the Hearing Panel and, at any subsequent time, the Respondent fails to honour any of the Terms of Settlement set out herein, Staff reserves the right to bring proceedings under section 24.3 of the By-laws of the MFDA against the Respondent based on, but not limited to, the facts set out in Part IV of the Settlement Agreement, as well as the breach of the Settlement Agreement. If such additional enforcement action is taken, the Respondent agrees that the proceeding(s) may be heard and determined by a hearing panel comprised of all or some of the same members of the hearing panel that accepted the Settlement Agreement, if available.

  • Payment in the Event Losses Fail to Reach Expected Level On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the Final Shared Loss Month, or upon the final disposition of all Shared Loss Assets under this Single Family Shared-Loss Agreement at any time after the termination of the Commercial Shared-Loss Agreement, the Assuming Institution shall pay to the Receiver fifty percent (50%) of the excess, if any, of (i) twenty percent (20%) of the Intrinsic Loss Estimate less (ii) the sum of (A) twenty-five percent (25%) of the asset premium (discount) plus (B) twenty-five percent (25%) of the Cumulative Shared-Loss Payments plus (C) the Cumulative Servicing Amount. The Assuming Institution shall deliver to the Receiver not later than 30 days following the True-Up Measurement Date, a schedule, signed by an officer of the Assuming Institution, setting forth in reasonable detail the calculation of the Cumulative Shared-Loss Payments and the Cumulative Servicing Amount.

  • Can I Roll Over or Transfer Amounts from Other IRAs You are allowed to “roll over” a distribution or transfer your assets from one Xxxx XXX to another without any tax liability. Rollovers between Xxxx IRAs are permitted every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. If you are single, head of household or married filing jointly, you may convert amounts from another individual retirement plan (such as a Traditional IRA) to a Xxxx XXX, there are no AGI restrictions. Mandatory required minimum distributions from Traditional IRAs, must be removed from the Traditional IRA prior to conversion. Rollover amounts (except to the extent they represent non-deductible contributions) are includable in your income and subject to tax in the year of the conversion, but such amounts are not subject to the 10% penalty tax. However, if an amount rolled over from a Traditional IRA is distributed from the Xxxx XXX before the end of the five-tax-year period that begins with the first day of the tax year in which the rollover is made, a 10% penalty tax will apply. Effective in the tax year 2008, assets may be directly rolled over (converted) from a 401(k) Plan, 403(b) Plan or a governmental 457 Plan to a Xxxx XXX. Subject to the foregoing limits, you may also directly convert a Traditional IRA to a Xxxx XXX with similar tax results. Furthermore, if you have made contributions to a Traditional IRA during the year in excess of the deductible limit, you may convert those non-deductible IRA contributions to contributions to a Xxxx XXX (assuming that you otherwise qualify to make a Xxxx XXX contribution for the year and subject to the contribution limit for a Xxxx XXX). You must report a rollover or conversion from a Traditional IRA to a Xxxx XXX by filing Form 8606 as an attachment to your federal income tax return. Beginning in 2006, you may roll over amounts from a “designated Xxxx XXX account” established under a qualified retirement plan. Xxxx XXX, Xxxx 401(k) or Xxxx 403(b) assets may only be rolled over either to another designated Xxxx Qualified account or to a Xxxx XXX. Upon distribution of employer sponsored plans the participant may roll designated Xxxx assets into a Xxxx XXX but not into a Traditional IRA. In addition, Xxxx assets cannot be rolled into a Profit-Sharing-only plan or pretax deferral-only 401(k) plan. In the event of your death, the designated beneficiary of your Xxxx 401(k) or Xxxx 403(b) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary Xxxx XXX account. Strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing any type of rollover.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

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