Maximum Settlement Amount definition

Maximum Settlement Amount means the maximum amount The Company is required to pay pursuant to this Settlement, which is the sum of Seven Hundred and Fifty Thousand Dollars ($750,000.00), inclusive of any of The Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

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

Maximum Settlement Amount means the maximum amount of Six Million Dollars ($6,000,000.00) that Defendant shall pay as a result of this Stipulation of Settlement.

Examples of Maximum Settlement Amount in a sentence

• Within ten (10) business days after the Maximum Settlement Amount is deposited into the QSF, the Settlement Administrator shall issue and mail the Settlement Award checks.

• The Claims Administrator shall be authorized to pay itself from the Maximum Settlement Amount only after Individual Settlement Payments have been mailed to all Settlement Class Members.

• The Settlement Administrator shall be authorized to pay itself from the Maximum Settlement Amount by Class Counsel only after checks have been mailed to all Settlement Class Members.

• Any such enhancement award approved by the Court shall be paid from the Maximum Settlement Amount.

• Any Service Awards approved by the Court will count toward the Minimum Settlement Amount, however, if Approved Claims exceed the Maximum Settlement Amount, Service Awards will not count toward the Maximum Settlement Amount.

More Definitions of Maximum Settlement Amount

Maximum Settlement Amount means $7,727,500.00, and is the maximum amount payable by Defendants related to this settlement, and is inclusive of all moneys expended pursuant to this settlement, including, without limitation, Plaintiffs’ attorney’s fees and costs, payments to the settlement administrator, settlement payments to class members, enhancement payments to the Named Plaintiffs, and all payroll taxes associated with the settlement payments taxable as wages as set forth in the Settlement Agreement.

Maximum Settlement Amount or (“MSA”) means the maximum sum to be paid

Maximum Settlement Amount means the maximum amount Defendants shall have

Maximum Settlement Amount means the total maximum amount that Defendants have agreed to pay to settle this Action in exchange for a full release, which is $3.1 million in the aggregate. The following expenses and costs shall be deducted from the Maximum Settlement Amount: (i) the amount awarded to Class Counsel for attorneys’ fees and costs/expenses, up to 30% of the Maximum Settlement Amount; (ii) any Class Representative Service Awards, if any; (iii) the cash portion of the Benefit to Class Members for Valid Claims; and (iv) Class Notice and Claims Administration Expenses, up to $275,000. The Maximum Settlement Amount will not include costs related to implementing the Programmatic Relief. In the event that the Valid Claims, Class Counsel’s fees, Class Notice and Claims Administration Fees, and Class Representatives’ fees exceed the Maximum Settlement Amount, then the Benefit paid to each Class Member will be reduced pro rata. For the avoidance of doubt, Defendants will not be required to pay the Benefit into an account, but can instead pay the Benefit directly to Class Members. The Maximum Settlement Amount represents the limit and extent of Defendants’ monetary obligations under this Settlement.

Maximum Settlement Amount means an amount not to exceed seventeen million five hundred thousand dollars ($17,500,000.00) that Xxxxxxxx-Xxxxx agrees to pay to satisfy valid Claims if the Amount Payable for Approved Claims exceeds the Minimum Settlement Amount subject to the conditions in Paragraph 2.18 (“Minimum Settlement Amount”). For the avoidance of doubt, in no event shall Xxxxxxxx-Xxxxx pay more than $13,500,000 in additional new dollars to satisfy payments for Approved Claims.

Maximum Settlement Amount means the $1,208,000,000.00, the maximum

Maximum Settlement Amount means the maximum amount Defendant shall