Class Representative Payments definition
Examples of Class Representative Payments in a sentence
In addition to the amounts determined to be due to Plaintiffs as Class Members under this Settlement Agreement, the Class Representatives/Plaintiffs will apply to the Court for Class Representative Payments, to be paid out of the Gross Settlement Amount.
Not later than fourteen (14) days before the Objection deadline, Plaintiffs will file with the Court and serve on Defendant a supporting memorandum of points and authorities, and any necessary supporting declarations for final approval for the awards of the Class Representative Payments, and the Class Counsel Fees and Litigation Expense Payment pursuant to this Settlement.
In addition to the amounts determined to be due to Plaintiffs as Settlement Class Members under this Settlement Agreement, the Class Representatives/Plaintiffs will apply to the Court for Class Representative Payments, to be paid out of the Gross Settlement Amount.
As part of the motion for Attorneys’ Fees and Litigation Costs, Plaintiff will seek Court approval for any Class Representative Payments no later than sixteen (16) court days prior to the Final Approval Hearing.
Payroll tax withholding and deductions will not be taken from the Class Representative Payment and instead a Form 1099 will be issued to Plaintiffs by the Settlement Administrator reflecting the Class Representative Payments.
Written objections to the Settlement must be postmarked or filed on or before [45 days after SA mails packet]; written objections to the requests for the Class Representative Payments and the Class Counsel Fees and Expenses Payment must be mailed by not later than [21 calendar days before the final approval hearing].
A Participating Class Member who disagrees with any aspect of the Agreement, the Motion for Final Approval and/or Motion for Class Counsel Fees Payment, Class Counsel Expenses Payment, and Class Representative Payments may wish to object, for example, that the proposed Settlement is unfair, or that the amounts requested by Class Counsel or Plaintiffs are too high or too low.
The Court will also be asked to approve the requests for the Class Representative Payments, the Special ▇▇▇▇▇ Settlement Payment, and Class Counsel’s Attorneys’ Fees and Litigation Expenses Payments.
Not later than 14 days before the Final Approval Hearing, the Parties jointly may file a reply in support of their motion for final approval of the Settlement and payment of the Settlement Administrator’s reasonable fees and expenses to the extent that any opposition to the motion is filed; and Plaintiffs and Class Counsel may file replies in support of their motions for the Class Representative Payments and the Class Counsel Fees and Expenses Payment.
If the Court approves Class Representative Payments of less than $5,000 to each Plaintiff, the remainder will be retained in the Net Settlement Amount.