Global Settlement Fund definition

Global Settlement Fund means the Global Settlement Amount plus any interest earned thereon after payment thereof by Crompton into the Escrow Account.

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Global Settlement Fund means the gross settlement amount of One Hundred Ninety-Five Thousand Dollars and 00/100 cents ($195,000.00). The Global Settlement Fund shall be paid into a qualified settlement fund account established by the Settlement Administrator, and is the total amount of funds available in Settlement for: (a) payment to Settlement Class Members, including any Service Award for the Class Representative; (b) payment to Class Counsel for attorneys’ fees, expenses, and costs; and (c) payment for the Settlement Administrator’s fees and costs. Papa South will only be obligated to contribute to the Global Settlement Fund the aggregate amount of all Settlement Awards, attorneys’ fees, costs, expenses, and settlement administration costs payable under this Agreement.

Global Settlement Fund means the gross settlement amount of Three Hundred Sixty-Two Thousand Five Hundred Dollars ($395,000.00). The Global Settlement Fund is the sole and maximum payment by the Defendant and includes (1) all Settlement Awards (defined below); (2) any Service Payment approved for Representative Plaintiff; and (3) all attorneys' fees and litigation expenses for Plaintiffs' Counsel (defined below) approved by the Court. The Global Settlement Fund does not include Defendant's required employer tax contributions on any portions of the Settlement Awards or Service Payment treated as wages under Internal Revenue Service (“IRS”) Form W-2. Defendant agrees to pay these tax contributions outside of the Global Settlement Fund. The Global Settlement Fund also does not include the costs of settlement administration which Defendant agrees to pay separately outside of the Global Settlement Fund.

Examples of Global Settlement Fund in a sentence

• Class Plaintiffs and Crompton have agreed to appoint ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ to act as the Neutral for purposes of allocating the Global Settlement Fund among the three Affected Actions.

• A payment into the Escrow Account shall, when made, be invested in instruments secured by the full faith and credit of the United States and any interest earned thereon shall become part of the Global Settlement Fund.

• These amounts paid into the Global Settlement Fund must remain in the Fund and must not be distributed until after the Effective Date, except that if all appeals are limited to issues other than the payments due to Settlement Class Members such as the payment allocated to Plaintiffs’ Counsel or the service awards, then the payments due to Settlement Class Members will be distributed as provided in Paragraph 51 below.

• Upon the determination of the allocation of the Global Settlement Fund (whether by agreement or otherwise), the Neutral shall notify Settlement Counsel, Allocation Counsel and Crompton of such allocation.

• After the Effective Date, Lyft shall not have any right to the return or reversion of the Global Settlement Fund, or any portion thereof, except as provided in Section IV.

• Each Settling Class Member shall look solely to the Global Settlement Fund, as allocated, for settlement and satisfaction of all claims released by the Releasors pursuant to Paragraph 54 hereof and the respective Implementing Settlement Agreements.

• By or on September 30, 2021, the Settling Distributors paid into the Global Settlement Fund Escrow the total amount of the base payment and Incentive Payment A for Texas (the amount specified in Exhibit G) for Payment Year 1.

• Lyft shall not have any liability or responsibility for the taxes or the Tax Expenses beyond any portion of the Global Settlement Fund that is allocated to the payment thereof.

• All Claims and Administration Expenses, as well as all applicable taxes and escrow fees, shall be paid out of the Global Settlement Fund.

• Within thirty (30) days of the Execution Date, Crompton may submit information to the Neutral for his consideration in allocating the Global Settlement Fund.

More Definitions of Global Settlement Fund

Global Settlement Fund means the maximum amount of $5,950,000, that Lyft shall pay, in its entirety, pursuant to this Settlement Agreement. The Global Settlement Fund is an “all in” number that shall be used for payment of all Claims, Claims Administration Expenses, Class Counsel Fees, Plaintiffs’ Litigation Expenses, Enhancement Payments, PAGA Payment, and all taxes arising from payments pursuant to this Agreement.

Global Settlement Fund means an amount not to exceed One Million, Eight Hundred Thousand Dollars and 00/100 cents ($1,800,000.00), which, except for the payment of mediator’s fees (discussed below), is the maximum, complete and total amount of funds Menorah is obligated to pay under this Settlement, and which includes: (1) payment to Settlement Class Members; (2) Class Representative Service Payments; (3) payment to Plaintiff Counsel for attorneys’ fees, expenses, and costs, and (4) payment for settlement administration costs. Other than Menorah’s payment of the Global Settlement Fund ($1,800,000.00), neither Menorah nor any of the other Defendants or the Released Parties (defined below) shall be called upon or required to contribute additional monies under any circumstances whatsoever.

Global Settlement Fund means the gross settlement amount of Five Million Dollars and 00/100 Cents ($5,000,000.00), which is the total amount of funds available in Settlement for: (1) payment to Settlement Class Members, including any Service Award for the Class Representatives, (2) payment to Class Counsel for attorneys’ fees, expenses, and costs, and