Common use of Net Settlement Proceeds Clause in Contracts

Net Settlement Proceeds. the amount of money remaining after the Settlement Fund is reduced by the following amounts, none of which Defendant opposes: a. any service award to the Named Plaintiff that the Court approves up to $6,000; b. any award of attorneys’ fees and expenses up to one third of the total settlement fund; and c. the cost of the Court-approved settlement administration process, including class notice. Settlement Agreement and General Release

Net Settlement Proceeds. the amount of money remaining after the Gross Settlement Fund is reduced by the following amounts, none of which Defendant opposes: a. any service award to the Named Plaintiff Plaintiffs that the Court approves up to $6,00010,000 each; b. any award of Class Counsel attorneys’ ' fees and expenses up to one third 33.33% of the total settlement fundGross Settlement, plus costs; and, c. the cost of the Court-approved costs of the settlement administration process, including class notice. Settlement Agreement and General Release.