Net Settlement Amount definition

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.

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Net Settlement Amount means the Gross Settlement Amount minus: (a) all Attorneys’ Fees and Costs paid to Class Counsel; (b) all Class Representatives’ Compensation as authorized by the Court; (c) all Administrative Expenses; and

Net Settlement Amount means the Gross Settlement Amount, less the following

Examples of Net Settlement Amount in a sentence

• From the Net Settlement Amount, Settlement Class Members, shall each receive an equal pro rata payment, presently estimated at approximately $147 each.

• An Individual Class Payment calculated by (a) dividing the Net Settlement Amount by the total number of Workweeks worked by all Participating Class Members during the Class Period and (b) multiplying the result by each Participating Class respective Workweeks.

• The Administrator will retain amounts equal to their Individual Class Payments in the Net Settlement Amount for distribution to Participating Class Members on a pro rata basis.

• If the Court approves a Class Counsel Fees Payment and/or a Class Counsel Litigation Expenses Payment less than the amounts requested, the Administrator will allocate the remainder to the Net Settlement Amount.

• Any Net Settlement Amount due from the defaulting Party to the non-defaulting Party will be paid within five (5) Business Days of written notice from the non-defaulting Party; such notice is to include reasonable supporting documentation and the calculations used by the non-defaulting Party to determine the Net Settlement Amount.

More Definitions of Net Settlement Amount

Net Settlement Amount means the Gross Settlement Amount less

Net Settlement Amount means the Gross Settlement Amount, less the Class

Net Settlement Amount means the portion of the Gross Settlement Amount

Net Settlement Amount means the Maximum Settlement Amount, less the

Net Settlement Amount means the Gross Settlement Amount minus: (a) all Attorneys’ Fees and Costs paid to Class Counsel; (b) all Class Representatives’ Compensation as authorized by the Court; (c) all Administrative Expenses; and (d) a contingency reserve not to exceed an amount to be mutually agreed upon by the Settling Parties that is set aside by the Settlement Administrator for: (1) Administrative Expenses incurred before the Settlement Effective Date but not yet paid, (2) Administrative Expenses estimated to be incurred after the Settlement Effective Date but before the end of the Settlement Period, and (3) an amount estimated for adjustments of data or calculation errors.

Net Settlement Amount means the Gross Settlement Amount minus (a) all Attorneys’ Fees and Costs paid to Class Counsel as authorized by the Court; (b) all Case Contribution Awards as authorized by the Court; (c) all Administrative Expenses; and (d) a contingency reserve not to exceed an amount to be mutually agreed upon by the Settling Parties that is set aside by the Settlement Administrator for (1) Administrative Expenses incurred before the Settlement Effective Date but not yet paid, (2) Administrative Expenses estimated to be incurred after the Settlement Effective Date, and (3) an amount estimated for adjustments of data or calculation errors.

Net Settlement Amount means the portion of the Class Settlement Amount remaining