Gross Settlement Amount definition

Gross Settlement Amount means the sum of $75,000,000, contributed to the Qualified Settlement Fund pursuant to Article 5. The Gross Settlement Amount shall be the full and sole monetary payment made on behalf of Defendants in connection with the Settlement effectuated through this Settlement Agreement.

Gross Settlement Amount means $325,000.00, which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay the Individual Class Payments, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment and Administration Expenses Payment.

Gross Settlement Amount means $300,000.00 which is the total amount Defendant agrees to pay under the Settlement except as provided in Paragraph 8 below. The Gross Settlement Amount will be used to pay Individual Class Payments, Individual PAGA Payments, the LWDA PAGA Payment, Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, Class Representative Service Payment and the Administrator’s Expenses.

Examples of Gross Settlement Amount in a sentence

• The Administrator will disburse the entire Gross Settlement Amount without asking or requiring Participating Class Members or Aggrieved Employees to submit any claim as a condition of payment.

• Except as otherwise provided by Paragraph 9 below, CARGO promises to pay $550,000.00 (Five Hundred Fifty Thousand Dollars and No Cents) and no more as the Gross Settlement Amount and to separately pay any and all employer payroll taxes owed on the Wage Portions of the Individual Class Payments.

• CARGO has no obligation to pay the Gross Settlement Amount (or any payroll taxes) prior to the deadline stated in Paragraph 4.3 of this Agreement.

• Within ten (10) days after the Administrator disburses all funds in the Gross Settlement Amount, the Administrator will provide Class Counsel and Defense Counsel with a final report detailing its disbursements by employee identification number only of all payments made under this Agreement.

• Within seven (7) days after CARGO funds the Gross Settlement Amount, the Administrator will mail checks for all Individual Class Payments, all Individual PAGA Payments, the LWDA PAGA Payment, the Administration Expenses Payment, the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment, and the Class Representative Service Payment.

More Definitions of Gross Settlement Amount

Gross Settlement Amount means the sum of seventeen million dollars ($17,000,000), 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 Philips in connection with the Settlement effectuated through this Settlement Agreement.

Gross Settlement Amount means $1,500,000.00 (one million five hundred thousand dollars), which shall be the maximum gross amount that Defendants will pay pursuant to this Settlement Agreement, inclusive of settlement payments; any Service Award to the Settlement Class Representatives approved by the Court; costs of Notice and Administrative Expenses; and any award of Court approved attorneys’ fees and costs. In no event shall Defendants be required to pay any amount beyond the Gross Settlement Amount.

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 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.

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.

Gross Settlement Amount means the amount of up to a maximum of $400,000.00 (Four-Hundred Thousand Dollars and Zero Cents) that Defendants will pay to fully, finally, and forever settle and release the claims in this Action. The Gross Settlement Amount represents the total amount payable under this Agreement by Defendants, including, without limitation, the Individual Settlement Payments, the PAGA Payment, Class Counsel’s Attorneys’ Fees, Class Counsel’s Litigation Costs, Settlement Administration Costs, and the Class Representative Incentive Payment.

Gross Settlement Amount or “GSA” means $3,888,888.00 which is the total amount Defendant agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Class Payments, PAGA Payment, Class Counsel Fees Payment, Class Counsel Expenses Payment, Class Representative Service Payments, Employer Taxes, and Administration Expenses Payment.