Preliminary Approval Award definition

Preliminary Approval Award means the entry of an Order by the Arbitrator granting preliminary approval of this Settlement Agreement, reflecting the finding that, on the face of the Settlement Agreement, the terms appear to be fair, reasonable and adequate to the class as a whole and that notice should issue to Settlement Class Members affording them an opportunity to opt out of or object to the Settlement Agreement.
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Preliminary Approval Award means the award entered by the Arbitrator: (1) preliminarily certifying the Class solely for the purpose of effectuating the Agreement; (2) conditionally certifying the Collective pursuant to 29 U.S.C. § 216(b) solely for the purpose of effectuating the Agreement; (3) preliminarily approving the terms and conditions of this Agreement; (4) appointing Claimant’s Counsel as Class Counsel; (5) directing the manner and timing of providing Notice to Class Members, Putative Collective Members, and PAGA Members; and (6) setting dates to effectuate the terms of this Agreement, including the date of the Fairness Hearing.
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Preliminary Approval Award means the partial final award entered by the Arbitrator: (1) preliminarily certifying the California Class solely for the purpose of effectuating the Agreement; (2) conditionally certifying the Fair Labor Standards Act (“FLSA”) Collective pursuant to 29 U.S.C. § 216(b) solely for the purpose of effectuating the Agreement; (3) preliminarily approving the terms and conditions of this Agreement; (4) appointing Class Counsel as defined above; (5) directing the manner and timing of providing Notice to the Class Members; and (6) setting dates to effectuate the terms of this Agreement, including the date of the Fairness Hearing.
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Examples of Preliminary Approval Award in a sentence

  • The Parties may jointly or individually seek reconsideration of a ruling by the Arbitrator declining to enter the Preliminary Approval Award or Final Approval Award in the form submitted by the Parties, or seek approval of a renegotiated settlement.

  • Within seven (7) Days of the date of the Preliminary Approval Award, Respondent’s Counsel shall provide the Settlement Administrator and Class Counsel with the Class List.

  • Either Party may terminate the Agreement if the Arbitrator declines to enter the Preliminary Approval Award or the Final Approval Award, except if the Arbitrator declines to enter the Preliminary Approval Award or the Final Approval Award due solely to the amount of attorneys’ fees sought by ▇▇▇▇▇▇▇▇’s Counsel.

  • The Application shall include: (1) the proposed Notice attached hereto as Exhibit A; (2) a proposed Preliminary Approval Award; and (3) the necessary documents, memorandum, affidavits, and exhibits for purposes of certifying the Class and Collective under Fed.

  • The Parties will ask the Arbitrator to approve this Settlement, by entering the Preliminary Approval Award and ultimately entering the Final Approval Award, as specified in this Agreement.

  • After the Bar Date, in accordance with the schedule set by the Arbitrator in the Preliminary Approval Award and in advance of the Fairness Hearing, Class Counsel shall file supporting documents and materials for final approval of the Settlement (“Application for Final Approval”).

  • If the Arbitrator enters a Preliminary Approval Award but not a Final Approval Award, the Settlement Administrator will provide an Arbitrator-approved notice to Class Members that the Agreement did not receive final approval and that, as a result, no payments will be made to Class Members under the Agreement.

  • Either Party may terminate the Agreement if the Arbitrator declines to enter the Preliminary Approval Award or Final Approval Award, except if the Arbitrator declines to enter the Preliminary Approval Award or Final Approval Award due solely to the amount of attorneys’ fees sought by Class Counsel.

  • As a material inducement to Purchaser to enter into this Agreement and to consummate the transactions contemplated hereby, each of the Sellers jointly and severally makes the following representations and warranties to Purchaser as of the date of this Agreement (or if made as of a specific date, as of such date) and as of the Closing Date.

  • To terminate this Agreement pursuant to Section 10.A, the terminating Party shall give written notice to the other Party via email and overnight mail within ten (10) Business Days of the Arbitrator’s declining to enter the Preliminary Approval Award or Final Approval Award.