Class Settlement Payment definition

Class Settlement Payment is the allocation from the Net Settlement Amount paid to Settlement Class Members and does not include the PAGA Group Payment to PAGA Members. DB2/ 40002268.11
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Class Settlement Payment means the sum of: (1) $25 multiplied by the number of 22 Participating Claimants, if the number of Valid Claims is 5,000 or less; or (2) $21 multiplied by the 23 number of Participating Claimants, if the number of Valid Claims is between 5,001 and 10,000; or 24 (3) $17 multiplied by the number of Participating Claimants, if the number of Valid Claims is 25 10,001 or more. In the event that the total of the Class Settlement Payment (as calculated above) is 26 less than $125,000, then the balance shall be distributed as provided for in Article III(4) of this 27 Second Amended Settlement Agreement.
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Class Settlement Payment means the net amount paid by check to each Settlement
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Examples of Class Settlement Payment in a sentence

  • The business strategies of the company, as always, have continued to focus on improving energy usage efficiencies, in line with the Company’s goal of sustainable growth.

  • Payments to the FCRA Subclass Members will be distributed in equal shares to each FCRA Subclass Member.Class Members do not need to submit an FLSA Opt-In Consent Form and opt into the California FLSA Collective to receive an Individual Class Settlement Payment from the Aggregate Class Payment Amount.

  • If the claimant receiving the 60% payment is an Economic Class Member, the claimant has a right to additionally recover from the Settlement Program the greater of: (a) the remaining 40% of the GCCF offer, or (b) the Class Settlement Payment minus anyamount previously paid by the Transition Process, in either case in exchange for an Individual Release.

  • If the claimant receiving the 60% payment is an Economic Class Member, the claimant has a right to additionally recover from the Settlement Program the greater of: (a) the remaining 40% of the GCCF offer, or (b) the Economic Class Settlement Payment minus any amount previously paid by the Transition Process, in either case in exchange for an Individual Release in the form attached hereto as Exhibit 26, which shall contain terms substantially similar to the Release described in Section 10.

  • If you do nothing, you automatically will receive your Class Settlement Payment from the Net Settlement Amount after the Court has granted final approval as well as your share of the PAGA Group Payment if you are a PAGA Member.

  • To ensure NSF-funded science is scheduled on properly outfitted and maintained vessels.Ted provided two Assist Sheets, one for RVSS Appendix A and the other for RVSS Appendix B: Appendix B -­‐ Assist SheetAppendix A -­‐ Assist Sheet Ted concluded his report by providing the written policy for lithium batteries (see his slides).

  • Based on preliminary estimates, the gross amount of the Class Settlement Payment you would receive for your share of the Settlement (“Settlement Share”) would be approximately $[insert amount].

  • The PAGA Payment Check represents the portion of the civil penalties awarded directly under PAGA and may be included in conjunction with the Class Settlement Payment, or separately.

  • The single check will combine the Individual Class Settlement Payment and the Individual PAGA Payment.2. Non-Participating Class Members.

  • Payment to the PAGA Releasees of their portion of the PAGA Payment shall be paid to each of them by way of a check (“PAGA Payment Check”), which may be combined with the Class Settlement Payment.


More Definitions of Class Settlement Payment

Class Settlement Payment or “Settlement Payment” means a payment to a Settlement Class Member as set forth in Section VIII of this Settlement Agreement.
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Related to Class Settlement Payment

  • Individual Settlement Payment means the amount payable from the Net

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Gross Settlement Amount means $633,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 9 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment and the Administrator’s Expenses.

  • Structured settlement payment rights means rights to receive periodic payments under a structured settlement, whether from the structured settlement obligor or the annuity issuer, where:

  • Gross Settlement Fund means the Settlement Amount plus all interest earned thereon.

  • CCASS Settlement Day means the term “Settlement Day” as defined in the General Rules of CCASS.

  • Cash Settlement Amount means the “Cash Settlement Amount” as determined by the Calculation Agent in accordance with Paragraph 6.

  • Net Share Settlement Amount For any Settlement Date, an amount equal to the product of (i) the number of Warrants exercised or deemed exercised on the relevant Exercise Date, (ii) the Strike Price Differential for the relevant Valuation Date and (iii) the Warrant Entitlement.

  • Net Settlement Amount means the Gross Settlement Amount, less the following payments in the amounts approved by the Court: Individual PAGA Payments, the LWDA PAGA Payment, Class Representative Service Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, and the Administration Expenses Payment. The remainder is to be paid to Participating Class Members as Individual Class Payments.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Early Settlement Amount has the meaning specified in Section 5.9(a).

  • ASX Settlement means ASX Settlement Pty Ltd (ABN 49 008 504 532);

  • PJM Settlement or “PJM Settlement, Inc.” shall mean PJM Settlement, Inc. (or its successor), established by PJM as set forth in Operating Agreement, section 3.3. PJM Tariff, Xxxxxx, O.A.T.T., OATT or PJM Open Access Transmission Tariff: “PJM Tariff,” “Tariff,” “O.A.T.T.,” “OATT,” or “PJM Open Access Transmission Tariff” shall mean that certain PJM Open Access Transmission Tariff, including any schedules, appendices or exhibits attached thereto, on file with FERC and as amended from time to time thereafter. Plan:

  • Physical Settlement Amount For any Settlement Date for which Physical Settlement is applicable, an amount in cash equal to the product of (a) the Forward Price in effect on the relevant Settlement Date multiplied by (b) the Settlement Shares for such Settlement Date.

  • Cash Settlement shall have the meaning specified in Section 14.02(a).

  • Daily Settlement Amount for each of the 40 consecutive Trading Days during the Observation Period, shall consist of:

  • Settlement Amount means, with respect to a party and any Early Termination Date, the sum of: --

  • Purchase Contract Settlement Fund has the meaning specified in Section 5.5.

  • Call Settlement Date means the fifth Business Day following the last Index Business Day in the Call Measurement Period.

  • Net Share Settlement On each Settlement Date, Issuer shall deliver to Dealer a number of Shares equal to the Number of Shares to be Delivered for such Settlement Date to the account specified by Dealer and pay cash to Dealer in lieu of any fractional shares valued at the Relevant Price on the Valuation Date corresponding to such Settlement Date. Number of Shares to be Delivered: In respect of any Exercise Date, subject to the last sentence of Section 9.5 of the Equity Definitions, the product of (i) the number of Warrants exercised or deemed exercised on such Exercise Date, (ii) the Warrant Entitlement and (iii)(A) the excess, if any, of the VWAP Price on the Valuation Date occurring on such Exercise Date over the Strike Price, divided by (B) such VWAP Price. The Number of Shares to be Delivered shall be delivered by Issuer to Dealer no later than 4:00 P.M. (local time in New York City) on the relevant Settlement Date.

  • Final Settlement means permanent settlement of the Contractor’s actual allowable costs or expenditures as determined at the time of audit, which shall be completed within three years of the date the year-end cost settlement report was accepted for interim settlement by the State. If the audit is not completed within three years, the interim settlement shall be considered as the final settlement.

  • Monthly Settlement Date means the 25th day of each calendar month (or if such day is not a Business Day, the next occurring Business Day).

  • Day-ahead Settlement Interval means the interval used by settlements, which shall be every one clock hour. Day-ahead System Energy Price:

  • Purchase Contract Settlement Date means ________________________, ____.]

  • Cash Settlement Date means, for each Financially Settled Futures Transaction, the Business Day determined by Exchange from time to time in accordance with industry practice for such Transaction, as posted on Exchange’s Website not less than one month prior to the occurrence of such date, other than Invoices issued as a result of a Contracting Party’s Default or under the Close- out Procedure which amounts require payment immediately;

  • Share Settlement means a number of shares of Class A Common Stock (together with any Corresponding Rights) equal to the number of Redeemed Units.