Gross Settlement Amount definition

Gross Settlement Amount means $2,441,992, which is the total amount Defendant agrees to pay under the Settlement. 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.

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Gross Settlement Amount means the sum of thirteen million ($13,000,000), contributed to the Qualified Settlement Fund in accordance with Article 5. The Gross Settlement Amount shall be the full and sole monetary payment to the Settlement Class, Plaintiffs, and Class Counsel made on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement. Defendants and their insurers will make no additional payment in connection with the Settlement of the Class Action.

Gross Settlement Amount means One Million Two Hundred Fifty Thousand Dollars ($1,250,000), which is the total amount Defendants agree to pay under the Settlement except as provided in Paragraph 3 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment, and the Administrator’s Expenses.

Examples of Gross Settlement Amount 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.

• Defendant will fund the Gross Settlement Amount by depositing the money with the Settlement Administrator.

• Within ten (10) days after final disbursement of all funds from the Gross Settlement DocuSign Envelope ID: 1B93E104-EB64-42C9-BF51-E2BC3277AB47 DocuSign Envelope ID: 7221404D-FF37-49F0-91AA-6C5E8083E1DF Amount, the Settlement Administrator will serve on the Parties and file with the Court a declaration proving a final report on the disbursements of all funds from the Gross Settlement Amount.

• Accordingly, the Wage Portion is subject to wage withholdings, and shall be reported on IRS Form W-2 and shall be paid for from the Gross Settlement Amount.

• Non-Participating Class Members will receive no Settlement Share, and their Request for Exclusion DocuSign Envelope ID: 1B93E104-EB64-42C9-BF51-E2BC3277AB47 DocuSign Envelope ID: 7221404D-FF37-49F0-91AA-6C5E8083E1DF will not reduce the Gross Settlement Amount.

More Definitions of Gross Settlement Amount

Gross Settlement Amount. (“GSA”) means the maximum amount to be paid by Defendant as provided by this Agreement. The Gross Settlement Amount does not include Employer Payroll Contributions on the wage portion of Class Member Settlement Shares, which Defendant shall pay separately, and there shall be no reversion to the Defendant.

Gross Settlement Amount means the sum of fifteen million dollars ($15,000,000.00), contributed to the Qualified Settlement Fund in accordance with Article 5. Defendants shall cause this amount to be paid directly by their fiduciary liability insurer(s), as applicable. The Gross Settlement Amount shall be the full and sole monetary payment to the Settlement Class, Plaintiffs, and Class Counsel made by or on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement. Neither Defendants nor their insurer(s) will make any additional payment in connection with the Settlement of the Class Action.

Gross Settlement Amount means $950,000, which is the total amount Defendant(s) agree(s) to pay under the Settlement, subject to the terms and conditions of this Settlement.

Gross Settlement Amount means $95,000,000.00, which constitutes the total amount of non-reversionary funds that will comprise the Class Payment; the costs of Notice and the costs of administering the Settlement, as set forth in Section F below; any Attorneys’ Fees and Expenses Payment to Plaintiffs’ Counsel awarded by the Court, and any Service Award to the Class Representatives awarded by the Court, as set forth in Section G below; and any distribution to the cy pres recipients as set forth in Section B.13 below.

Gross Settlement Amount means the sum of thirty-nine million, five-hundred thousand dollars ($39,500,000), contributed to the Qualified Settlement Fund pursuant to Article

Gross Settlement Amount means Two Million Three Hundred Thousand Dollars ($2,300,000) to be paid by Defendant as provided by this Agreement. This Gross Settlement Amount is an all-in amount without any reversion to Defendant and shall be inclusive of all payments of Settlement Shares to the Participating Class Members, Settlement Administration Expenses, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payments, and the PAGA Payment, and excluding any employer payroll taxes, if any, due on the portion of the Settlement Shares allocated to wages which shall not be paid from the Gross Settlement and shall be the separate additional obligation of Defendant. The Gross Settlement Amount is all in with no reversion to Defendant and shall be paid without the need to submit a claim form.

Gross Settlement Amount means the sum of one million, eight hundred and seventy-five thousand dollars ($1,875,000), contributed to the Qualified Settlement Fund in accordance with Article 5. Defendants shall cause this amount to be paid directly by their fiduciary liability insurer. The Gross Settlement Amount shall be the full and sole monetary payment to the Settlement Class, Plaintiffs, and Class Counsel made by or on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement. Neither Defendants nor their insurer(s) will make any additional payment in connection with the Settlement of the Class Action.