THE SETTLEMENT BENEFITS—WHAT YOU GET Sample Clauses

THE SETTLEMENT BENEFITS—WHAT YOU GET. 6. What will I receive from the Settlement? If you are a Settlement Class Member and you make a valid claim (and submit a proof of purchase from anytime up to [date of Final Settlement Approval] if you have it), Lenny & Larry’s will give you money or product as follows:
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THE SETTLEMENT BENEFITS—WHAT YOU GET. 9. What does the Settlement provide? The Settlement calls for the Company to pay $1.8 million into the Settlement Fund, and provides certain non-monetary benefits to Plan participants. The amount remaining in the Settlement Fund after payment of Court-approved attorneys’ fees and expenses, Court-approved compensation to the Named Plaintiffs, and taxes owed by the Settlement Fund (the “Net Proceeds”), will be allocated to members of the Class according to a Plan of Allocation to be approved by the Court. The amount of money a Class Member receives under the Settlement and Plan of Allocation is referred to in this Notice as the Settlement Payment. Class Members who cannot be located through reasonable effort will be excluded from the Plan of Allocation and will not receive a Settlement Payment. In addition, if the proportionate recovery of a Class Member under the Plan of Allocation is de minimis, it may be distributed pro rata to other Class Members. As permitted under the Plan, the company will deposit the Settlement Payment into the existing Plan accounts of Class Members who are current Plan participants at the time of the distribution. With respect to Class Members who are former Plan participants at the time of the distribution, the Settlement Payment will be mailed to the Class Member’s last known mailing address. (All costs of providing notice to the Class, as well as all costs associated with administering the Settlement Fund, will be borne by Defendants.) The following non-monetary consideration will be provided by Defendants in addition to the $1.8 million in monetary consideration:
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THE SETTLEMENT BENEFITS—WHAT YOU GET. 12. What does the Settlement provide? Pursuant to the terms of the Settlement Agreement, Lead Plaintiffs, on behalf of themselves and the Class, have agreed to settle and release all “Released Claims” (as defined below), including the Bankruptcy Claims in the Chapter 11 Cases, against the Defendants and the other “Released Parties” (as defined below) in exchange for a total of $41.5 million in cash (the “Cash Settlement Amount”). The Settlement Agreement further provides that the Cash Settlement Amount, plus interest earned thereon, will be divided, after the deduction of legal fees and expenses approved by the Court and other expenses of administering the Settlement, among all Class Members who send in valid Proof of Claim forms. In addition, if the Effective Date of the Settlement occurs, the Bankruptcy Claims filed in the Bankruptcy Court on behalf of Walden, Metzler, and the Class will be withdrawn, with prejudice, in their entirety.
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THE SETTLEMENT BENEFITS—WHAT YOU GET. 4. What does the settlement provide? Subject to Court approval, under the terms of the Settlement, Xxxxx agreed to pay $2,500,000 (“Maximum Settlement Amount”) to settle all claims at issue of Plaintiff, Class Members, PAGA Members, and Class Counsel. Portions of the Maximum Settlement Amount will be used to pay Class Counsel’s attorneys’ fees and costs, Plaintiff’s Service Enhancement award, the costs of the Settlement Administration, and payments to the State of California Labor and Workforce Development Agency (“LWDA”) and PAGA Members for PAGA penalties. The remainder of the Maximum Settlement Amount (“Net Settlement Amount”) will be available to pay money to the Class Members who do not exclude themselves from the class. Specifically, the Maximum Settlement Amount will be allocated as follows: $ of the Maximum Settlement Amount will be paid to Plaintiff’s Counsel as attorneys’ fees, $ will be paid to Plaintiff’s Counsel as costs, $15,000 will be paid to the named Plaintiff for her services, $ will be paid to the Settlement Administrator for costs incurred in administering this settlement, $75,000 will be paid to the State of California to settle claims alleged under PAGA, and a collective payment of $25,000.00 will be paid to PAGA Members to settle claims alleged under PAGA. The Net Settlement Amount will be divided among Class Members based on the number of workweeks each Class Member worked compared to the number of workweeks worked by all Class Members between June 28, 2019 and August 31, 2022. The PAGA Group Payment will be divided among PAGA Members based on the number of biweekly pay periods each PAGA Member worked compared to the number of biweekly pay periods worked by all PAGA Members between June 28, 2019 and August 31, 2022, including those who opt out of the class action settlement. Tax Treatment of Settlement Payments Class Settlement Payments will be allocated as follows: 1/2 to unpaid wages, with all applicable taxes withheld, for which an IRS Form W-2 shall be issued, and 1/2 to non-wage recovery, including interest and penalties, for which an IRS Form 1099 shall be issued. Urban will pay its share of payroll taxes on the amounts allocated as unpaid wages. Payments to PAGA Members from the PAGA Group Payment are treated as civil penalties, not wages, for tax purposes, for which an IRS Form 1099 shall be issued. You should consult with a tax advisor concerning the tax consequences of the payment(s) you receive under the Settlement.
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THE SETTLEMENT BENEFITS—WHAT YOU GET. 7. What does the Settlement provide? In exchange for the Settlement and the release of the Released Claims against the Released Defendant Parties, Defendants have agreed to fund a $2.625 million cash fund, which will accrue interest, to be divided, after deduction of Court-awarded attorneys’ fees, interest, and expenses, settlement administration costs and any applicable Taxes (“Net Settlement Fund”), among all Settlement Class Members who timely submit valid Proof of Claim forms.
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THE SETTLEMENT BENEFITS—WHAT YOU GET. If the proposed settlement is approved by the Court, Uber has agreed to provide the following monetary benefits to Settlement Class Members:
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THE SETTLEMENT BENEFITS—WHAT YOU GET. 4. What does the settlement provide?
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Related to THE SETTLEMENT BENEFITS—WHAT YOU GET

  • THE SETTLEMENT BENEFITS What You Get

  • Settlement Benefits WHAT YOU GET

  • Rollovers of Exxon Xxxxxx Settlement Payments If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court, you are allowed to roll over up to 90 percent of the proceeds to your Traditional IRA, within 180 days after receipt of such amount, or by a later date if extended by federal law. If you make such a rollover contribution, you may exclude the amount rolled over from your gross income in the taxable year in which the airline settlement payment was paid to you. If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Rollovers of Xxxx Elective Deferrals Xxxx elective deferrals distributed from a 401(k) cash or deferred arrangement, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan, may only be rolled into your Xxxx XXX.

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