Plaintiff’s Service Award Sample Clauses

Plaintiff’s Service Award. In addition to the claim amount determined to be due and owing to the Plaintiff, Defendant agrees to pay, within twenty (20) business days after the Effective Date, a Service Award to the Plaintiff in the amount of ten thousand dollars ($10,000.00) or such other amount as the Court approves, for prosecuting the Action, taking the risk of serving as the class representative, providing factual information and documentation necessary to the prosecution of the Action, providing the General Release, maintaining contact with Class Counsel, and other participation necessary to the prosecution of the Action. In advance of the Final Fairness Hearing, Class Counsel will request that the Court approve such Service Award of ten thousand dollars ($10,000.00) to the Plaintiff. Defendant agrees not to oppose such request. Plaintiff will be solely responsible for correctly characterizing the Service Award for tax purposes and is solely responsible for any taxes owing on said amount. Plaintiff agrees to assume responsibility of remitting to the Internal Revenue Service and any other taxing authority the amounts required by law, if any, to be withheld by Defendant from the Service Award. In addition, Plaintiff shall hold Defendant harmless and indemnify Defendant and the Released Parties for all taxes, interest, penalties, and costs incurred by Defendant and/or the Released Parties by reason of any bona fide or valid claims relating to their non-withholding of taxes from the Service Award.
AutoNDA by SimpleDocs
Plaintiff’s Service Award. Defendant will not oppose Plaintiff’s request for a service award totaling $5,000.00 for his service to the State of California and the Aggrieved Employees and Reimbursement Aggrieved Employees and the risk Plaintiff undertook by attaching his names to this Action. In the event the Court approves a payment of less than the requested amount, the difference will be added to the Net Settlement Amount. The Settlement Administrator will report this payment on IRS Form 1099 issued to Plaintiff.

Related to Plaintiff’s Service Award

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • Service Awards In consideration of the provision of services, COMPANY to pay EMPLOYEE, as compensation; The gross amount of RMB annually calculated at the rate of twelve (12) equal monthly installments consecutively of RMB each.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Stock Plan Administration Service Provider The Company transfers the Participant's Personal Information to Fidelity Stock Plan Services LLC, an independent service provider based in the United States, which assists the Company with the implementation, administration and management of the Plan (the “Stock Plan Administrator”). In the future, the Company may select a different Stock Plan Administrator and share the Participant's Personal Information with another company that serves in a similar manner. The Stock Plan Administrator will open an account for the Participant to receive and trade Shares acquired under the Plan. The Participant will be asked to agree on separate terms and data processing practices with the Stock Plan Administrator, which is a condition to the Participant’s ability to participate in the Plan. (c)

  • Restricted Stock Unit Award Subject to the terms and conditions of the Plan and this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units indicated in the Notice of Grant (the “RSUs”). Each RSU represents one notional Share.

  • Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.

  • Performance Share Awards On the Performance Share Vesting Date next following the Executive's date of death, the number of Performance Shares that shall become Vested Performance Shares shall be determined by multiplying (a) that number of shares of Company Common Stock subject to the Performance Share Agreement that would have become Vested Performance Shares had no such termination occurred; provided, however, in no case shall the number of Performance Shares that become Vested Performance Shares exceed 100% of the Target Number of Performance Shares set forth in the Performance Share Agreement, by (b) the ratio of the number of full months of the Executive's employment with the Company during the Performance Period (as defined in the Performance Share Agreement) to the number of full months contained in the Performance Period. Vested Common Shares shall be issued in settlement of such Vested Performance Shares on the Settlement Date next following the Executive’s date of death.

  • Performance Share Units The Committee may, in its discretion, grant to Executive performance share units subject to performance vesting conditions (collectively, the “Performance Units”), which shall be subject to restrictions on their sale as set forth in the Plan and an associated Performance Unit Grant Letter.

Time is Money Join Law Insider Premium to draft better contracts faster.