Settlement Proceeds. The Parties agree that the Settlement Proceeds and other consideration provided by Anadarko herein will resolve the Adversary Proceeding on the terms stated herein, with approximately 88% of the net proceeds distributed pursuant to the Distribution Scheme as and to the extent set forth in the Litigation Trust Agreement, Environmental Settlement Agreement and the Environmental and Tort Trust Agreements for the benefit of trusts created to conduct Environmental Actions at one or more Covered Sites and to federal, state, or tribal governments in satisfaction of claims for costs previously expended, or to be expended, at Covered Sites or for Environmental Actions expected to be performed at Covered Sites, and approximately 12% of the net proceeds distributed to the Tort Trust on account of Bankruptcy Tort Claims.
Settlement Proceeds. CardConnect has agreed to pay up to Seven Million, Six Hundred and Fifty Thousand U.S. Dollars and Zero Cents ($7,650,000.00) to settle the Action (“Settlement Proceeds”). From the Settlement Proceeds, the following amounts will be paid: (a) payment of the Court-authorized Attorneys’ Fees and Costs awarded to Class Counsel; (b) payment of the Court-authorized Incentive Awards awarded to the Class Representatives; and (c) payment of the Administration Costs of the Settlement, including the cost of providing notice.
Settlement Proceeds. Any recovery or settlement received in connection with any suit initiated by Licensee under Section 6.5.2 above shall first be used to reimburse each Party’s litigation costs. Any recovery in excess of litigation costs of Licensee and Licensor shall be shared between Licensee and Licensor as follows: for any suit initiated by Licensee, [***]; and in any suit initiated by Licensor, at its expense, in which Licensee does not participate, [***].
Settlement Proceeds. A. The payment of Settlement Proceeds (defined below) pursuant to this Agreement is the sole responsibility of Xxxxxxx. Participating Plaintiffs, Plaintiffs’ Coordinating Counsel and Participating Plaintiffs’ Counsel shall look solely to Xxxxxxx for any payment obligations under this Agreement, including, but not limited to, the Settlement Proceeds, and the payment to Plaintiffs’ Coordinating Counsel in Section V of this Agreement.
Settlement Proceeds. The Acquirer is responsible for payment of the Settlement Proceeds to you in accordance with your Merchant Account Agreement.
Settlement Proceeds. Subject to the terms of Paragraph 11 of this Agreement, within ten (10) days following (i) the complete and proper execution of duplicate originals of this Agreement by the Employee and his counsel, and (ii) the actual delivery through the Employee’s counsel of said duplicate originals (including Exhibit A) to counsel for the Company, the Company through its counsel agrees to issue and hand deliver to the Employee’s attorney one check made payable to “Axxx Xxxxxxxxxxx” for the total, agreed-upon, aggregate lump sum of ONE HUNDRED AND SEVENTY FIVE THOUSAND DOLLARS & NO/100 ($175,000.00), minus tax and other withholding as allowed by law, as payment in full compromise and settlement of all Claims and Controversies, and for the other terms of this Agreement (the “Settlement Proceeds”). The Employee’s counsel shall hold the Settlement Proceeds in trust and shall not disburse the Settlement Proceeds until the Company’s counsel has delivered to the Employee’s counsel a fully counter-executed duplicate original of this Agreement, which counsel for the Company shall accomplish within seven (7) days after receipt of said duplicate originals from the Employee’s counsel. The Employee shall be solely responsible for the payment of any and all applicable taxes, penalties, and interest due on the Settlement Proceeds.
Settlement Proceeds the amount of money exchanged to resolve this case, as follows, none of which LAKE CHASE opposes:
Settlement Proceeds. Sodexo shall pay a total of $315,000 (the “Settlement Fund”) with no right to reversion. The Settlement Fund shall be allocated as follows:
Settlement Proceeds. In full and complete consideration for Xxxxx’x promises and undertakings set forth in this Agreement, and upon receipt by Xxxxxxx X. Xxxxxxx, Senior Vice President, General Counsel and Secretary to the Board of VeriSign, of Xxxxx’x fully and originally executed Settlement Agreement and General Release, Xxxxx’x originally executed resignation of employment, and Xxxxx’x originally executed resignation from the Boards of Directors, VeriSign will provide Xxxxx with severance benefits (“Severance Benefits”) as follows:
Settlement Proceeds. Subject to the Settlement taking effect and the Effective Date occurring, Defendants shall pay a total of $493,227.84 (the “Settlement Fund”) with reversion to Defendants as set out below. The Settlement Fund shall be “all inclusive,” meaning that it shall be used to satisfy all of the following: (1) the settlement awards to be paid to Eligible Class Members, (2) all employer and employee payroll taxes and withholdings associated with the Settlement Awards, (3) the incentive award to be paid to the Plaintiff, (4) the award of attorneys’ fees to Class Counsel, (5) the expenses and costs of litigation to be paid to Class Counsel, and (6) an award of settlement administration expenses to be paid to the Settlement Administrator, all as approved by the Superior Court. Notwithstanding any other provision of this Agreement, in no event shall Defendants be obligated to pay more than $493,227.84 in settlement of this case, other than for their attorneys’ fees. The Settlement Fund shall be allocated as follows:
