Common use of Settlement Disbursement Clause in Contracts

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement Amount: 1. To the Plaintiffs, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their respective Individual Settlement Shares, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ will each receive up to Ten Thousand Dollars ($10,000) as the Class Representative Enhancement Payments. The Settlement Administrator will pay the Class Representative Enhancement Payments out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement Payments. An IRS Form 1099 will be issued to Plaintiffs with respect to their Class Representative Enhancement Payments. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement Payments, the Settlement Administrator shall pay whatever amount the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by Plaintiffs, the difference shall become part of the Net Settlement Amount and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement AmountTotal Consideration: 1. To the PlaintiffsPlaintiff, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their respective his Individual Settlement SharesShare, and subject to the Court’s approval, Plaintiffs Plaintiff ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ will each receive up to Ten Thousand Dollars ($10,000) as the Class Representative Enhancement PaymentsPayment. The Settlement Administrator will pay the Class Representative Enhancement Payments Payment out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsPayment. An IRS Form 1099 will be issued to Plaintiffs Plaintiff with respect to their his Class Representative Enhancement PaymentsPayment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsPayment, the Settlement Administrator shall pay whatever amount the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by PlaintiffsPlaintiff, the difference shall become part of the Net Settlement Amount NSA and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement Amount: 1. To the PlaintiffsPlaintiff, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their respective Individual his portion of the Net Settlement SharesAmount and PAGA Payment, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Plaintiff will each receive up to Ten Thousand Dollars and Zero Cents ($10,00010,000.00) as the a Class Representative Enhancement PaymentsPayment. The Settlement Administrator will pay the Class Representative Enhancement Payments Payment out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsPayment. An IRS Form 1099 will be issued to Plaintiffs Plaintiff with respect to their his Class Representative Enhancement PaymentsPayment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsPayment, the Settlement Administrator shall pay whatever amount amounts the Court awards, and neither Defendant Defendants nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by PlaintiffsPlaintiff, the difference shall become part of the Net Settlement Amount and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement Amount: 1. To the PlaintiffsPlaintiff, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their her respective Individual Settlement SharesShare and portion of the PAGA Payment, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Plaintiff will each receive up to Ten Thousand Dollars ($10,00010,000.00) as the a Class Representative Enhancement PaymentsPayment. The Settlement Administrator will pay the Class Representative Enhancement Payments Payment out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsPayment. An IRS Form 1099 will be issued to Plaintiffs Plaintiff with respect to their his Class Representative Enhancement PaymentsPayment. Any reduction by the Court of the amount requested by Plaintiff for the Class Representative Enhancement Payment shall not be sufficient grounds to void the Settlement. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsPayment, the Settlement Administrator shall pay whatever amount amounts the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by PlaintiffsPlaintiff, the difference shall become part of the Net Settlement Amount and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Joint Stipulation and Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement Amount: 1. To the Plaintiffs, ▇▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their respective Individual Settlement Shares, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ will each receive up to Ten Thousand Dollars ($10,000) as the Class Representative Enhancement Payments. The Settlement Administrator will pay the Class Representative Enhancement Payments out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement Payments. An IRS Form 1099 will be issued to Plaintiffs with respect to their Class Representative Enhancement Payments. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement Payments, the Settlement Administrator shall pay whatever amount the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by Plaintiffs, the difference shall become part of the Net Settlement Amount and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Maximum Settlement Amount: 1. To the PlaintiffsPlaintiff, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. In addition to her Individual Settlement Share, and subject to the Court’s approval, Plaintiff ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their respective Individual Settlement Shares, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ will each receive up to Ten Thousand Dollars ($10,000) as the Class Representative Enhancement PaymentsPayment. The Settlement Administrator will pay the Class Representative Enhancement Payments Payment out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsPayment. An IRS Form 1099 will be issued to Plaintiffs Plaintiff with respect to their her Class Representative Enhancement PaymentsPayment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsPayment, the Settlement Administrator shall pay whatever amount the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by PlaintiffsPlaintiff, the difference shall become part of the Net Settlement Amount NSA and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement AmountFund Value: 1. To the Plaintiffs, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. : In addition to their respective Individual Settlement Shares, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ will each receive up to Ten Thousand Dollars and Zero Cents ($10,00010,000.00) as the a Class Representative Enhancement PaymentsIncentive Payment. The Settlement Administrator will pay the Class Representative Enhancement Payments Incentive Payment out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsIncentive Payment. An IRS Form 1099 will be issued to Plaintiffs with respect to their Class Representative Enhancement PaymentsIncentive Payment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsIncentive Payment, the Settlement Administrator shall pay whatever amount the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by Plaintiffs, the difference shall become part of the Net Settlement Amount and be available for distribution to Participating Class Members.less

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement Amount: 1. To the PlaintiffsPlaintiff, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their his respective Individual Settlement SharesShare and portion of the PAGA Payment, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Plaintiff will each receive up to Ten Thousand Dollars ($10,00010,000.00) as the a Class Representative Enhancement PaymentsPayment. The Settlement Administrator will pay the Class Representative Enhancement Payments Payment out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsPayment. An IRS Form 1099 will be issued to Plaintiffs Plaintiff with respect to their his Class Representative Enhancement PaymentsPayment. Any reduction by the Court of the amount requested by Plaintiff for the Class Representative Enhancement Payment shall not be sufficient grounds to void the Settlement. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsPayment, the Settlement Administrator shall pay whatever amount amounts the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by PlaintiffsPlaintiff, the difference shall become part of the Net Settlement Amount and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement Amount: 1. To the PlaintiffsPlaintiff, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. In addition to their his respective Individual Settlement SharesShare and portion of the PAGA Payment, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Plaintiff will each receive up to Ten Thousand Dollars ($10,00010,000.00) as the a Class Representative Enhancement PaymentsPayment. The Settlement Administrator will pay the Class Representative Enhancement Payments Payment out of the Qualified Settlement Fund. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsPayment. An IRS Form 1099 will be issued to Plaintiffs Plaintiff with respect to their his Class Representative Enhancement PaymentsPayment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsPayment, the Settlement Administrator shall pay whatever amount amounts the Court awards, and neither Defendant nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by PlaintiffsPlaintiff, the difference differences shall become part of the Net Settlement Amount and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement

Settlement Disbursement. Subject to the terms and conditions of this Agreement, the Settlement Administrator will make the following payments out of the Gross Settlement Amount: 1. To the Plaintiffs, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. Plaintiff: In addition to their his respective Individual Settlement SharesShare, and subject to the Court’s approval, Plaintiffs ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇ Plaintiff will each receive up to Ten Seven Thousand Five Hundred Dollars and Zero Cents ($10,0007,500.00) as the a Class Representative Enhancement PaymentsEnhancement/General Release Payment. The Settlement Administrator will pay the Class Representative Enhancement Payments Enhancement/General Release Payment out of the Qualified Gross Settlement FundAmount. Payroll tax withholdings and deductions will not be taken from the Class Representative Enhancement PaymentsEnhancement/General Release Payment. An IRS Form 1099 will be issued to Plaintiffs Plaintiff with respect to their Class Representative Enhancement PaymentsEnhancement/General Release Payment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentsEnhancement/General Release Payment, the Settlement Administrator shall pay whatever amount the Court awards, and neither Defendant Defendants nor the Settlement Administrator shall be responsible for paying the difference between the amount requested and the amount awarded. If the amount awarded is less than the amount requested by PlaintiffsPlaintiff, the difference shall become part of the Net Settlement Amount NSA and be available for distribution to Participating Class Members.

Appears in 1 contract

Sources: Settlement Agreement