Net Settlement Payment definition

Net Settlement Payment means (a) in the event that the Total Settlement Demand Amount is funded as of the Effective Date, the Total Settlement Demand Amount less the Professional Fee Hold-Back; and (b) in the event that the Partial Settlement Option is jointly elected by the Debtor and the Survivors’ Committee, all payments received from a Partial Settlement Option Accepted Party less the Professional Fee Hold-Back.‌
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Net Settlement Payment means $925,000.00, which is the Aggregate Settlement Amount minus 7.5%, which Target shall hold back and deposit into the MDL Court’s common-benefit fund in accordance with the orders entered at Dkt. Nos. 4428, 4503, and 5100 in In re Nat’l Prescription Opiate Litig., No. 1:17-md-2804 (N.D. Ohio).]
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Net Settlement Payment means the Total Settlement Demand Amount less the Twistars Payment and the Professional Fee Hold-Back.‌
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Examples of Net Settlement Payment in a sentence

  • Notwithstanding the foregoing, the Parties and their representatives, including their attorneys, may disclose to other parties and to any court the fact that the Actions have been settled without disclosing the Aggregate Settlement Amount, Net Settlement Payment, or other terms unless otherwise required by law, governmental procedure, or court order, such as if required by a public records request or as part of the approval process.


More Definitions of Net Settlement Payment

Net Settlement Payment means the Settlement Payment less the
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Net Settlement Payment means the Gross Settlement Payment to each Participating Class Member, less applicable income and payroll taxes deducted and reported to the IRS by the Claims Administrator.
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Net Settlement Payment means the remainder of the Settlement Payment after court-approved attorneys’ fees and costs as described in Section 3.2, Service Awards described in 3.3, and any taxes incurred directly or indirectly as a result of investing the Settlement Payment.
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Net Settlement Payment means the aggregate of all potential Allocated Amounts to be paid to the Authorized Claimants after deducting: (a) the court-approved attorneys’ fees and costs as described in Section 3.2; and (b) the court-approved service payment to Plaintiff as described in Section 3.3; and (c) the payment to the Claims Administrator as described in Section 2.1; and (d) the employer’s share of payroll taxes as described in Section 3.5 from the Gross Settlement Fund
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Net Settlement Payment means the remainder of the Settlement Payment described in Section 3.1 after deductions for payment of the Claim Administrator’s fees as described in Section 2.1, court-approved attorneys’ fees and costs as described in Section 3.4, and court-approved service payments to Plaintiffs as described in Section 3.5, and after setting aside the reserve fund described in Section 3.3(E), state and federal payroll taxes as described in 3.7(C).
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Related to Net Settlement Payment

  • 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.

  • Net Settlement Fund means the Settlement Fund less: (i) Court-awarded attorneys’ fees and expenses; (ii) Notice and Administration Expenses; (iii) Taxes; and (iv) any other fees or expenses approved by the Court.

  • 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 $325,000, which is the total amount ▇▇▇▇▇▇▇ agrees to pay under the Settlement. The Gross Settlement Amount will be used to pay Individual Class Payments, Class Counsel Fees, Class Counsel Expenses, Class Representative Service Payment, and the Administrator’s Expenses.