Common use of Settlement Disbursement Clause in Contracts

Settlement Disbursement. Subject to the terms and conditions of this Agreement, and the approval of the Court, the Settlement Administrator will disburse the Gross Settlement Amount as follows: 1. To the Plaintiff, ▇▇▇▇▇▇ ▇▇▇▇▇▇. In addition to his respective Individual Settlement Share, and subject to the Court’s approval, Plaintiff ▇▇▇▇▇▇ ▇▇▇▇▇▇ will receive up to Fifteen Thousand Dollars and Zero Cents ($15,000) as a Class Representative Enhancement Payment. The Settlement Administrator will pay the Class Representative Enhancement Payment 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 Plaintiff with respect to his Class Representative Enhancement Payments. Plaintiff shall be solely and legally responsible to pay any and all applicable taxes on the Class Representative Enhancement Payment and shall hold harmless Defendant, Class Counsel and the Released Parties from any claim or liability for taxes, penalties, or interest arising as a result of the Class Representative Enhancement Payment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement 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 Plaintiff, the difference shall become part of the NSA and will be distributed to Participating Class Members. In the event that the Court reduces or does not approve the requested Class Representative Enhancement Payment, Plaintiff shall not have the right to revoke the Settlement, and it will remain binding, nor will Plaintiff seek, request, or demand an increase in the Gross Settlement Amount on that basis or any basis.

Settlement Disbursement. Subject to the terms and conditions of this Agreement, and the approval of the Court, the Settlement Administrator will disburse the Gross Settlement Amount as follows: 1. To the PlaintiffPlaintiffs ▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, and ▇▇▇▇ ▇▇▇▇▇▇▇. In addition to his their respective Individual Settlement ShareShares, and subject to the Court’s approval, Plaintiff ▇▇▇▇▇▇ ▇▇▇▇▇▇ Plaintiffs will each receive up to Fifteen Thousand Dollars and Zero Cents ($15,000) 10,000 as a Class Representative Enhancement PaymentPayments. The Settlement Administrator will pay the Class Representative Enhancement Payment 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 Plaintiff Plaintiffs with respect to his their Class Representative Enhancement Payments. Plaintiff Plaintiffs shall be solely and legally responsible to pay any and all applicable taxes on the Class Representative Enhancement Payment Payments and shall hold harmless Defendant, Class Counsel and the Released Parties from any claim or liability for taxes, penalties, or interest arising as a result of the Class Representative Enhancement PaymentPayments. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentPayments, 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 PlaintiffPlaintiffs, the difference shall become part of the NSA and will be distributed to Participating Class Members. In the event that the Court reduces or does not approve the requested Class Representative Enhancement PaymentPayments, Plaintiff Plaintiffs shall not have the right to revoke the Settlement, and it will remain binding, nor will Plaintiff seek, request, or demand an increase in the Gross Settlement Amount on that basis or any basis.the

Settlement Disbursement. Subject to the terms and conditions of this Agreement, and the approval of the Court, the Settlement Administrator will disburse the Gross Settlement Amount as follows: 1. To the Plaintiff, ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇. In addition to his her respective Individual Settlement Share, and subject to the Court’s approval, Plaintiff ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ will receive up to Fifteen Ten Thousand Dollars and Zero Cents ($15,00010,000) as a Class Representative Enhancement Payment. The Settlement Administrator will pay the Class Representative Enhancement Payment 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 Plaintiff with respect to his her Class Representative Enhancement Payments. Plaintiff shall be solely and legally responsible to pay any and all applicable taxes on the Class Representative Enhancement Payment and shall hold harmless DefendantDefendants, Class Counsel and the Released Parties from any claim or liability for taxes, penalties, or interest arising as a result of the Class Representative Enhancement Payment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement 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 Plaintiff, the difference shall become part of the NSA and will be distributed to Participating Class Members. In the event that the Court reduces or does not approve the requested Class Representative Enhancement Payment, Plaintiff shall not have the right to revoke the Settlement, and it will remain binding, nor will Plaintiff seek, request, or demand an increase in the Gross Settlement Amount on that basis or any basis.

Settlement Disbursement. Subject to the terms and conditions of this Agreement, and the approval of the Court, the Settlement Administrator will disburse the Gross Settlement Amount as follows: 1. To the Plaintiff, Plaintiffs ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. In addition to his their respective Individual Settlement ShareShares, and subject to the Court’s approval, Plaintiff ▇▇▇▇▇▇ ▇▇▇▇▇▇ Plaintiffs will each receive up to Fifteen Thousand Dollars and Zero Cents ($15,000) 10,000 as a Class Representative Enhancement PaymentPayments. The Settlement Administrator will pay the Class Representative Enhancement Payment 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 Plaintiff Plaintiffs with respect to his their Class Representative Enhancement Payments. Plaintiff Plaintiffs shall be solely and legally responsible to pay any and all applicable taxes on the Class Representative Enhancement Payment Payments and shall hold harmless Defendant, Class Counsel and the Released Parties from any claim or liability for taxes, penalties, or interest arising as a result of the Class Representative Enhancement PaymentPayments. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement PaymentPayments, 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 PlaintiffPlaintiffs, the difference shall become part of the NSA and will be distributed to Participating Class Members. In the event that the Court reduces or does not approve the requested Class Representative Enhancement PaymentPayments, Plaintiff Plaintiffs shall not have the right to revoke the Settlement, and it will remain binding, nor will Plaintiff Plaintiffs seek, request, or demand an increase in the Gross Settlement Amount GSA on that basis or any basis.

Settlement Disbursement. Subject to the terms and conditions of this Agreement, and the approval of the Court, the Settlement Administrator will disburse the Gross Settlement Amount as follows: 1. To the Plaintiff, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇. In addition to his her respective Individual Settlement Share, and subject to the Court’s 's approval, Plaintiff ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ will receive up to Fifteen Seven Thousand Five Hundred Dollars and Zero Cents ($15,0007,500) as a Class Representative Enhancement Payment. The Settlement Administrator will pay the Class Representative Enhancement Payment 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 Plaintiff with respect to his her Class Representative Enhancement Payments. Plaintiff shall be solely and legally responsible to pay any and all applicable taxes on the Class Representative Enhancement Payment and shall hold harmless Defendant, Class Counsel and the Released Parties from any claim or liability for taxes, penalties, or interest arising as a result of the Class Representative Enhancement Payment. In the event the Court does not approve the entirety of the application for the Class Representative Enhancement 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 Plaintiff, the difference shall become part of the NSA and will be distributed to Participating Class Members. In the event that the Court reduces or does not approve the requested Class Representative Enhancement Payment, Plaintiff shall not have the right to revoke the Settlement, and it will remain binding, nor will Plaintiff seek, request, or demand an increase in the Gross Settlement Amount on that basis or any basis.