Settlement Collective Member definition
Examples of Settlement Collective Member in a sentence
To be deemed valid, the Claim Form must be timely, complete, and signed by the Settlement Collective Member or Settlement Class Member, and the consent to join and release language on the Claim Form must not be altered in any way.
The tax issues for each Plaint iff, Opt-in Plaintiff, Settlement Collective Member, and Settlement Class Member may be unique, and each such individual should obtain his or her own independent tax advice concerning any payments resulting from this Agreement.
At any point in the Initial Check Cashing Period, the Administrator shall have the authority to stop payment on a lost Settlement Payment check and issue a new one to a requesting Settlement Collective Member or Participating Class Member, and the Parties agree that all costs associated with doing so shall be paid from the Net Settlement Amount.
Each Settlement Collective Member is solely responsible to pay all federal, state, and local taxes owed as a result of any consideration received under this Agreement.
Each Settlement Collective Member who timely submits a Claim Form and a fully completed and executed IRS Form W-9 (collectively, the “Claiming Collective Members”) will have 90 days to cash his/her individual check, after which each un-cashed check shall be null and void.
For example, and for the avoidance of doubt, if a Settlement Collective Member becomes entitled to receive back wages for their Notice Claim for 1000 hours worked between July 6, 2017 and August 1, 2019, and the number of hours for which they received compensation under this Agreement per column G in the Schedule of Payments was 250, they would be entitled to recover back wages and liquidated damages for 750 hours worked during that time period.
Fifty percent of the payment each Settlement Collective Member receives from the Common Fund Amount will be deemed wages with the remaining fifty percent being deemed non-wage liquidated damages.
If Named Plaintiff or a Settlement Collective Member does apply during the 3-year period after the Effective Date of this Agreement, she agrees upon request to withdraw her application for employment.
Upon approval of the Agreement by the Court, execution of the Agreement by Collective Counsel will fully effectuate the release provisions herein to which each Settlement Collective Member is bound.
The Notice will include language stating that the Settlement Collective Member understands and agrees that she is releasing and waiving all Released Claims against Defendant and the Released Parties and does so knowingly and voluntarily.