Individual Class Settlement Payment definition

Individual Class Settlement Payment refers to the share of the Net Settlement Amount to which a Participating Class Member is entitled to receive pursuant to this Settlement, as calculated pursuant to Paragraph VI.C. “Individual PAGA Settlement Payment” refers to the amount payable to each Aggrieved Employee, as calculated pursuant to Paragraph VI.C., from the amount of $3,750.00, representing 25% of the PAGA Amount.
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Individual Class Settlement Payment amounts shall be determined by the Settlement Administrator as follows: The Individual Class Settlement Payments will be proportionally based on the number of workweeks worked during the Class Period. The respective workweeks worked by each Participating Class Member during the Class Period will be divided by the total workweeks worked during the Class Period for all Participating Class Members, resulting in a “Payment Ratio” for each Participating Class Member. Each Participating Class Member’s Payment Ratio is then multiplied by the Net Settlement Amount to determine the proportionate allocation. Each Individual Class Settlement Payment will be allocated as follows: twenty percent (20%) to wages, forty percent (40%) to interest, and forty percent (40%) to penalties, for each Participating Class Member.
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Individual Class Settlement Payment means the portion of the Net Settlement Amount
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Examples of Individual 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.

  • All Participating Class Members shall be paid their Individual Class Settlement Payment unless they timely request exclusion from the Class.

  • In arriving at the amount of such payment, the net rates contained in the contract shall be followed, or where the same may not apply, valuation shall be made in accordance with clause 20 thereof.

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

  • You may: (Option A) remain in the Class and receive an Individual Class Settlement Payment and an Individual PAGA Settlement Payment; or (Option B) exclude yourself from the Settlement Class and receive only an Individual PAGA Settlement Payment.

  • Models of development or local environment are part of this group of models of endogenous growth and development (Terluin, 2003).

  • Any portion of the Fee and Cost Award, Named Plaintiff Award, and/or Administration Costs not awarded shall also be distributed to Class Members.Each Class Member’s Individual Class Settlement Payment will be calculated by multiplying the Net Cash Distribution by each Settlement Class Member’s Percentage Class Share.

  • Option 1 – Do Nothing and Receive Your Individual Class Settlement Payment You do not have to do anything and you will receive money from the Settlement if the Court grants Final Approval of the Settlement.

  • If you do not exclude yourself from the Settlement, you will be subject to any Judgment that will be entered in the Action, including the release of the Released Claims as described above.If you wish to remain in the Class and be eligible to receive an Individual Class Settlement Payment, you do not need to take any action.


More Definitions of Individual Class Settlement Payment

Individual Class Settlement Payment means the portion of the Net Cash 14 Distribution distributable to each Class Member.
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Individual Class Settlement Payment means the amount payable from the Net
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Individual Class Settlement Payment means the net payment of a Participating Class
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Related to Individual Class Settlement Payment

  • Individual Settlement Payment means the amount payable from the Net

  • 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:

  • 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.

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

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

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

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

  • 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.

  • Structured settlement annuity means an annuity purchased in order to fund periodic payments for a plaintiff or other claimant in payment for or with respect to personal injury suffered by the plaintiff or other claimant.

  • 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.

  • 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.

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

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

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

  • Settlement Classes means all Persons included in the Electrolytic Settlement Classes and the Film Settlement Classes.

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

  • Viatical settlement provider means a person, other than a viator, who enters into or effectuates a viatical settlement contract. Viatical settlement provider does not include:

  • Settlement Class Member means a member of a Settlement Class.

  • Settlement Class means, in respect of each Proceeding, the settlement class defined in Schedule A.

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

  • Purchase Contract Settlement Date means ________________________, ____.]

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

  • Settlement Class Members means a member of a Settlement Class.

  • Qualified Settlement Fund or “Settlement Fund” means the interest-bearing, settlement fund account to be established and maintained by the Escrow Agent in accordance with Article 5 herein and referred to as the Qualified Settlement Fund (within the meaning of Treas. Reg. § 1.468B-1).

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