Net Fund definition
Net Fund means the proceeds of the Settlement Fund after the deduction of approved Class Counsel fees and expenses, approved class representative service awards, and administrative costs.
Net Fund means the amount that remains in the Settlement Fund after payment of Settlement Administrator costs, Class Representatives’ service awards, and Attorney’s Fees and Expenses.
Net Fund means the Total Settlement Amount less (1) Arbitrator-approved Claimants’ attorney’s fees and expenses; (2) Arbitrator-approved Service Awards;
Examples of Net Fund in a sentence
By way of illustration, if the Court were to approve Class Counsel fees and litigation expenses in the sum of $140,000.00 and $7,500.00, respectively, administrative expenses of $24,000.00, and a class representative service award of $12,500.00, the Net Fund would be $166,000.00.
Each Class Member would receive their pro rata share of the Net Fund based on the formula that will provide approximately 38% of the full statutory damages provided under 13 Pa.C.S. § 9625(c)(2).
More Definitions of Net Fund
Net Fund means the Settlement Payment minus Class Counsel’s Attorneys’ Fees and Costs and Class Representatives’ service payments as approved by the Court.
Net Fund means the Gross Fund less court-approved Plaintiffs' attorneys' fees, costs, and expenses, court-approved general release payments, and court approved settlement administration expenses. By way of clarification, the employer's share of the taxes on the W-2 portion of the Individual Settlement Payment for Qualified Claimants shall be taken from each Qualified Claimant's Individual Settlement Payment.
Net Fund means the Gross Fund less the amount approved by the Court for (i) General Release Payments, (ii) for attorneys’ fees, costs, and expenses, and (iii) the fees and expenses of the Settlement Claims Administrator.
Net Fund means the remainder of the Gross Fund after deductions, payments, or allocations for: (a) the Settlement Class Counsel’s attorneys’ fees and costs; and (b) Service Awards to be paid to Named Plaintiffs ▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇, which are both subject to Court approval. The allocation to the Settlement Class Members for their Settlement Checks will be made from the Net Fund. The estimated proportionate share of the Net Fund for each Settlement Class Member will be determined by the Settlement Administrator pursuant to the following formula:
Net Fund. The right to set-off and deduct any fees, penalties, or other sums owed to New Penn Financial by the Lender under the terms of the Program Documents, which may include indemnification and repurchase invoices.
Net Fund means the amount remaining in the Common Fund after payment of
Net Fund means the remainder of the Total Settlement Amount after deductions/payments for: (1) Arbitrator-approved Attorneys’ Fees and Costs; (2) Arbitrator-approved Service Award; (3) the PAGA Fund; (4) settlement administration costs, and (5) any applicable arbitration approval fees.