Common use of Net Fund Clause in Contracts

Net Fund. The amount approved by the Court for the Enhancement Payment; the amount approved by the Court for attorneys’ fees, expenses, and costs; the PAGA Payment; and the fees and expenses of the Settlement Administrator approved by the Court shall be deducted from the Gross Fund to obtain a “Net Fund.”

Net Fund. The amount approved by the Court for the Enhancement PaymentGeneral Release Payments; the amount approved by the Court for attorneys’ fees, expensescosts, and costsexpenses; the PAGA Payment; and the fees and expenses of the Settlement Claims Administrator approved by the Court Court; and the employee portion of payroll taxes for Qualified Claimants shall be deducted from the Gross Fund to obtain a “Net Fund.”