Payment of Class Representative Service Awards Sample Clauses

Payment of Class Representative Service Awards. The terms of this Agreement relating to the Class Representative Service Awards were not negotiated by the Parties before a full agreement was reached as to all other material terms of the proposed Settlement, including but not limited to, the terms relating to relief to the Settlement Class. If approved by the Court, the Named Plaintiffs shall be paid Class Representative Service Awards in an amount to be approved by the Court. The Named Plaintiffs and Class Counsel agree that they shall request that the Court approve a payment in the amount of no more than $7,500 as the Class Representative Service Award for each Named Plaintiff. Defendant agrees not to object to the Named Plaintiffs’ and Class Counsel’s request for Class Representative Service Awards for each Named Plaintiff if the requested awards do not exceed more than $7,500 for each Named Plaintiff. The Claims Administrator shall make payment of Class Representative Service Awards to the Named Plaintiffs after the Effective Date as set forth in this Agreement. Class Counsel shall provide the Claims Administrator with a properly completed Form W-9 and the Claims Administrator shall issue a form 1099 to each Named Plaintiff for 90% of the payment received and shall issue a form W-2 for 10% of the payment received.
Sample 1
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Payment of Class Representative Service Awards. The terms of this Agreement relating to the Class Representative Service Awards were not negotiated by the Parties before a full agreement was reached as to all other material terms of the proposed Settlement, including but not limited to, the terms relating to relief to the Settlement Class. If approved by the Court, the Named Plaintiffs shall be paid Class Representative Service Awards in an amount to be approved by the Court. The Named Plaintiffs and Class Counsel agree that they shall request that the Court approve a payment in the amount of no more than $7,500 as the Class Representative Service Award for the Named Plaintiffs, Xxxx Xxxxxx and Xxxxxxxxx Xxxxxxx, and no more than $5,000 each for Named Plaintiffs, Xxxxxxx Xxxxxx and Xxxxxx Xxxxxx, and no more than $1,000 each for Named Plaintiffs Xxxxx Xxxxx and Xxxx Xxxxxxxx. Defendant agrees not to object to the Named Plaintiffs’ and Class Counsel’s request for Class Representative Service Awards for each Named Plaintiff if the requested awards do not exceed this limit. The Claims Administrator shall make payment of Class Representative Service Awards to the Named Plaintiffs after the Effective Date as set forth in this Agreement. Class Counsel shall provide the Claims Administrator with a properly completed Form W-9 and the Claims Administrator shall issue a form 1099 to each Named Plaintiff. The Parties agree that approval by the Court of the requested Class Representative Service Awards is not a material condition of this Agreement or the Settlement, and the reduction or modification of such Awards shall not be sufficient bases to rescind this Agreement or the Settlement.
Sample 1

Related to Payment of Class Representative Service Awards

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