Common use of To Class Counsel Clause in Contracts

To Class Counsel. Class Counsel will apply to the Court for an award of not more than One-Third of the Gross Settlement Amount, which is presently $766,666, as their Class Counsel Fees Payment and an amount not more than $30,000 for all expenses incurred as documented in Class Counsel’s billing records as their Class Counsel Litigation Expenses Payment. Defendant will not oppose their request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the Court. The Settlement Administrator will pay the amounts approved by the Court out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amounts, which are presently $766,666, and $30,000 respectively, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members. Payroll tax withholding and deductions, if any, will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel with respect to those payments. The payment of the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall be made to Class Counsel.

Appears in 2 contracts

Samples: First Amended Class Action Settlement Agreement (Mistras Group, Inc.), Class Action Settlement Agreement (Mistras Group, Inc.)

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To Class Counsel. Class Counsel will apply to the Court for an award of not more than One-Third of the Gross Settlement Amount, which is presently $766,666, 550,000.00 as their Class Counsel Fees Payment and an amount not more than $30,000 15,000 for all expenses incurred as documented in Class Counsel’s billing records as their Class Counsel Litigation Expenses Payment. Defendant will not oppose their request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the Court. The Settlement Administrator will pay the amounts approved by the Court out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amounts, which are presently $766,666550,000.00, and $30,000 15,000 respectively, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members. Payroll tax withholding and deductions, if any, will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel with respect to those payments. The payment of the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall be made to Class Counsel.

Appears in 1 contract

Samples: Class Action Settlement Agreement

To Class Counsel. Class Counsel will apply to the Court for an award of not more than One-Third of the Gross Settlement Amount, which is presently currently $766,666, 383,333.33 as their Class Counsel Fees Payment and an additional amount not more than $30,000 25,000 for all litigation expenses incurred as documented in Class Counsel’s billing records as their Class Counsel Litigation Expenses Payment. Defendant will not oppose their request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the Court. The Settlement Administrator will pay the amounts approved by the Court (but not more than One-Third of the Gross Settlement Amount, which is currently $383,333.33, and $25,000, respectively) out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amountsOne-Third of the Gross Settlement Amount, which are presently is currently $766,666383,333.33, and $30,000 25,000, respectively, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members. Payroll tax withholding and deductions, if any, deductions will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel with respect to those payments. The payment of the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall be made to Class Counsel.

Appears in 1 contract

Samples: Class Action Settlement Agreement

To Class Counsel. Class Counsel will apply to the Court for an award of not more than One-Third of the Gross Settlement Amount, which is presently $766,666583,333.33, as their Class Counsel Fees Payment and an amount not more than $30,000 35,000.00 for all expenses incurred as documented in Class Counsel’s billing records as their Class Counsel Litigation Expenses Payment. Defendant will not oppose their request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the Court. The Settlement Administrator will pay the amounts approved by the Court out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amounts, which are presently $766,666, and $30,000 respectively, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members. Payroll tax withholding and deductions, if any, will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel Xxxxxx Law Group, APC with respect to those payments. The payment Parties explicitly agree and recognize that Defendant incurs no obligation in this Settlement to ensure any particular allocation of these payments between Class Counsel and has no obligation other than to tender these amounts to the Settlement Administrator for distribution as part of the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall be made to Class CounselGross Settlement Amount.

Appears in 1 contract

Samples: Class Action Settlement Agreement and Release of Claims

To Class Counsel. Class Counsel will apply to the Court for an award of not more than One-Third $622,500 (30% of the Gross Settlement Amount, which is presently $766,666, ) as their Class Counsel Fees Payment and an amount not more than $30,000 20,000 for all expenses incurred as documented in Class Counsel’s billing records as their Class Counsel Litigation Expenses PaymentExpenses. Defendant Defendants will not oppose their request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the Court. The Settlement Administrator will pay the amounts approved by the Court (but not more than $622,500 and $20,000, respectively) out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amounts, which are presently $766,666, 622,500 and $30,000 20,000, respectively, the other terms of the settlement will remain in effect and the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members. Payroll tax withholding and deductions, if any, will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel with respect to those payments. The payment of the Class Counsel Fees Payment Counsel’s fees and Class Counsel Litigation Expenses Payment costs shall be made to Class CounselCounsel by the Settlement Administrator in accordance with this Agreement. Class Counsel agrees to provide completed IRS Forms W-9 in order to receive these payments.

Appears in 1 contract

Samples: Class and Representative Action Settlement Agreement

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To Class Counsel. Class Counsel will apply to the Court for an award of not more than Oneone-Third third (1/3) of the Gross Settlement Amount, which is presently $766,666, Amount as their Class Counsel Fees Payment and an amount not more than $30,000 for all expenses incurred as documented in Class Counsel’s 25,000 billing records as their Class Counsel Litigation Expenses PaymentExpenses. Defendant will does not presently intend to oppose their request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the Court. The Settlement Administrator will pay the amounts approved by the Court (but not more than 1/3 of the Gross Settlement Amount for fees and $25,000 for costs, respectively) out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amounts1/3 for fees and/or $25,000 for costs, which are presently $766,666, and $30,000 respectively, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members. Payroll tax withholding and deductions, if any, will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel with respect to those payments. The payment of Zakay Law Group, APC and Xxxxxxxxxx Nordrehaug Xxxxxxx Xx Xxxxx LLP by the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall be made to Class CounselSettlement Administrator in accordance with this Agreement.

Appears in 1 contract

Samples: Class and Collective Action Settlement Agreement

To Class Counsel. Class Counsel will apply to the Court for an award of not more than One-Third of the Gross Settlement Amount, which is presently $766,666533,333, as their Class Counsel Fees Payment and an amount not more than $30,000 20,000 for all expenses incurred as documented in Class Counsel’s billing records as their Class Counsel Litigation Expenses Payment. Defendant will not oppose their request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the Court. The Settlement Administrator will pay the amounts approved by the Court out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amounts, which are presently $766,666, 533,333 and $30,000 20,000, respectively, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members. Payroll tax withholding and deductions, if any, will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel with respect to those payments. The payment of the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall be made to Class Counsel.

Appears in 1 contract

Samples: Class Action Settlement Agreement

To Class Counsel. Class Counsel will apply to the Court for an award of not more than One$666,666 (one-Third third of the Gross Settlement Amount, which is presently $766,666, ) as their Class Counsel Fees Payment and an amount not more than $30,000 12,000 for all expenses incurred as documented in Class Counsel’s billing records as their Class Counsel Litigation Expenses Payment. Defendant Defendants will not oppose their Plaintiffs’ request for a Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment consistent with this Agreement and approved by the CourtPayment. The Settlement Administrator will pay the amounts approved by the Court (but not more than $666,666 and $12,000, respectively) out of the Gross Settlement Amount. If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than these amounts$666,666 or $12,000, which are presently $766,666, and $30,000 respectively, the remainder unapproved portion will be retained in reverted to the Net Settlement Amount for distribution to Participating Class Members. Neither Defendant shall be responsible for paying Class Counsel the difference between the amount requested and the amount awarded by the Court. Payroll tax withholding and deductions, if any, deductions will not be taken from the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment and instead one or more Forms 1099 will be issued to Class Counsel with respect to those payments. The payment of the Class Counsel Fees Payment shall be allocated 50% to Xxxxx Xxxxxxxx LLP and 50% to Xxxxxxxxxx, Nordrehaug Xxxxxxx Xx Xxxxx LLP, and the Class Counsel Litigation Expenses Payment shall be made to allocated among Class CounselCounsel based upon the expenses incurred by each firm.

Appears in 1 contract

Samples: Class Action Settlement Agreement

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