Class Counsel Fees Payment definition

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Class Counsel Fees Payment means the amount awarded to Class Counsel by the Superior Court to compensate them for, respectively, their attorneys’ fees and incurred in connection with the Action, including their filing of the Action and all related litigation activities, this Settlement, and all post-Settlement compliance and approval procedures, in an amount to be determined by the Superior Court, but not to exceed $833,333 (Eight Hundred Thirty Three Thousand and Three Hundred Thirty Three Dollars), which represents 331/3% of the Gross Settlement Amount.

Class Counsel Fees Payment means one-third of the Maximum Settlement

Examples of Class Counsel Fees Payment in a sentence

If the Court approves a Class Counsel Fees Payment or a Class Counsel Litigation Expenses Payment of less than One-Third of the Gross Settlement Amount, which is currently $167,426.67 and $15,000, respectively, the remainder will be retained in the Net Settlement Amount for distribution to Participating Class Members.
Participating Class Members may submit objections to the Settlement and objections to Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment.
A vacation, reversal, or modification of the Court’s award of the Class Representative Service Payment or the Class Counsel Fees Payment or Class Counsel Litigation Expenses Payment will not constitute a vacation, reversal, or material modification of the Judgment within the meaning of this paragraph, provided that Defendant’s obligation to make payments under this Settlement will remain limited by the Gross Settlement Amount.
As part of the motion for Class Counsel Fees Payment and Class Litigation Expenses Payment, Plaintiff will seek Court approval for any Class Representative Service Payments no later than 16 court days prior to the Final Approval Hearing.
Class Counsel will file with the Court their motion for the Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment and Class Representative Service Payment no later than the date the Plaintiff files the motion for final approval, and the application will be scheduled to be heard by the Court at the Final Approval Hearing.

More Definitions of Class Counsel Fees Payment

Class Counsel Fees Payment means the amounts allocated to Class Counsel for reasonable attorneys’ fees incurred to prosecute the Action, as approved by the Court.

Class Counsel Fees Payment and “Class Counsel Litigation Expenses Payment” 7 mean the amounts allocated to Class Counsel for reimbursement of reasonable 8 attorneys’ fees and expenses, respectively, incurred to prosecute the Actions.

Class Counsel Fees Payment and “Class Counsel Litigation Expenses Payment” mean the amounts awarded to Class Counsel by the Superior Court to compensate them for, respectively, their fees and expenses in connection with Rutti II, including their pre-filing investigation, their filing of Rutti II and all related litigation activities, this Settlement, and all post-Settlement compliance procedures.

Class Counsel Fees Payment and “Litigation Expenses Payment” mean the amounts to 19 be paid to Class Counsel for attorneys’ fees and reimbursement of litigation expenses, respectively, as 20 approved by the Court, to compensate them for their legal work in connection with the Action, including 21 their pre-filing investigation, filing of the Action, all related litigation activities, all Settlement work, all 22 post-Settlement compliance procedures, and related litigation expenses incurred in connection with the 23 Action.

Class Counsel Fees Payment means the amount allocated to Class Counsel for

Class Counsel Fees Payment and “Class Counsel Litigation Expenses Payment” mean the amounts allocated to Class Counsel for reimbursement of reasonable attorneys’ fees and expenses, respectively, incurred to prosecute the Action, including, but not limited to, costs associated with documenting the Settlement, securing the Court’s approval of the Settlement, any expert expenses, and securing an entry of Judgment on all claims in the Action which are covered by the Released Claims as defined herein. Class Counsel will request Class Counsel Fees Payment not to exceed 35 percent of the Gross Settlement Amount, which, unless increased pursuant to paragraph 4.1 of this Agreement, amounts to a total of Two Hundred Eighty-Eight Thousand Seven Hundred Fifty Dollars and Zero Cents ($288,750.00). The Class Counsel Litigation Expenses Payment requested to be reimbursed will not exceed Twenty-Five Thousand Dollars and Zero Cents ($25,000.00). The Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall be paid from the Gross Settlement Amount. Defendants have agreed not to oppose Class Counsel’s request for Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment as set forth above. Class Counsel will be issued an IRS Form 1099 for the Attorneys’ Fees and Costs detailed in this Section and shall be solely and legally responsible for paying all applicable taxes on the payment made pursuant to this Section. A reduction in the Class Counsel Fees Payment and Class Counsel Litigation Expenses Payment shall not be grounds to nullify this Agreement.

Class Counsel Fees Payment and “Class Counsel Litigation Expenses Payment” mean the amounts allocated to Class Counsel for reimbursement of reasonable attorneys’ fees and expenses, respectively, incurred to prosecute the Action. The Fees portion shall be paid to Class Counsel in an amount of up to 1/3 of the Gross Settlement Amount. Class Counsel Fees Payment shall be divided between Class Counsel as follows: 50% to Zakay Law Group, APLC and 50% to JCL Law Firm, APC. The Litigation Expenses portion means the amount to reimburse Class Counsel for their litigation expenses of an estimated $25,000, subject to proof and as approved by the Court.