Individual Settlement Payment definition
Examples of Individual Settlement Payment in a sentence
This award will be in addition to Plaintiff’s Individual Settlement Payment as a Settlement Class Member, and shall be reported on an IRS Form 1099 by the Claims Administrator.
The Administrator will have the option to pay the Individual Settlement Payment and Individual PAGA Payment by way of a single check.
To the extent that individuals are both Settlement Class Members and PAGA Releasees, they shall be eligible to receive both an Individual Settlement Payment and a PAGA Payment.
The Settlement Administrator shall calculate, withhold from each Individual Settlement Payment and the Service Award, and remit to applicable governmental agencies sufficient amounts as may be owed by the Settlement Class Members and Plaintiff for applicable employee taxes.
In the event that any Individual Settlement Payment checks are not deposited, cashed, or otherwise negotiated within the 180-day period, shall be void.