Total Settlement Amount definition

Total Settlement Amount shall be USD $2,100,000. The Total Settlement Amount covers settlements for all of the Collective Released Parts.

Total Settlement Amount means Direct Settlement Amount plus Exchange-Only Settlement Amount.

Total Settlement Amount means Eight Hundred Forty-Five Thousand Dollars ($845,000.00) for payment of all claims, which is the maximum amount that R&M is obligated to pay under this Settlement Agreement under any circumstances in order to resolve and settle the Class Action, subject to Court approval. The Total Settlement Amount includes all costs and fees, including, but not limited to, the Class Counsel Award, Settlement Administrator Expenses, escrow costs and expenses, Service Award, and interest but does not include R&M's share of payroll taxes allocable to any portion of the Total Settlement Amount allocated to wages.

Examples of Total Settlement Amount in a sentence

• The Settlement Administrator shall pay the Class Counsel Fees and Class Counsel Costs from the Total Settlement Amount.

• The Settlement Administrator shall be paid Settlement Administration Costs from the Total Settlement Amount.

• Thus, Defendant shall not be responsible for paying any further amount in attorneys' fees or costs for any reason after delivery of the Total Settlement Amount to the Settlement Administrator regardless of whether Class Counsel elects to have the Settlement Administrator pay all or part of the approved Class Counsel Fees to a third-party in order to receive periodic payments.

• Such election must be made in writing within ten (10) calendar days of the Settlement Administrator's receipt of the Total Settlement Amount from Defendant.

• The maximum value that Defendant is providing under this Settlement Agreement is the Total Settlement Amount of Seven Million Five Hundred Thousand Dollars and Zero Cents ($7,500,000), with up to 25% of the Total Settlement Amount ($1,875,000) consisting of potential Debt Relief to Class Members who have verifiable balances owing to Defendant, which shall be paid by Defendant to fund the Settlement.

More Definitions of Total Settlement Amount

Total Settlement Amount means Thirty-Two Million Dollars and zero cents

Total Settlement Amount means Eleven Million Five Hundred Thousand

Total Settlement Amount means the non-reversionary amount of Four Million Seven Hundred and Fifty Thousand Dollars ($4,750,000.00), subject to the terms and conditions herein. The Total Settlement Amount includes (a) class counsels’ fees, which shall not exceed One Million, Five Hundred and Eighty-Three Thousand, Three Hundred and Thirty-Three Dollars and Thirty-Three Cents ($1,583,333.33) or one third of the Total Settlement Amount, whichever is greater; (b) class counsels’ costs, exceed Thirty Thousand Dollars ($30,000.00); (c) settlement administration costs; (d) the PAGA Award, which shall not exceed $80,000; (e) a service payment to the named Plaintiff, which shall not exceed $10,000; (f) employee and employer payroll taxes for any wage payment made to the Settlement Class; and (g) all individual payments made from the Net Distribution Amount. Each Putative Class Member shall be responsible for paying any additional taxes due on his or her Individual Settlement Payment. The Total Settlement Amount is the maximum amount that Defendant is obligated to pay under this Settlement Agreement in order to settle this Action, subject to the Court’s approval.

Total Settlement Amount or “Total Settlement Payment” shall mean the total amount

Total Settlement Amount means the Wachovia Settlement Amount and the KPMG Settlement Amount.

Total Settlement Amount means Three Hundred Thousand Dollars

Total Settlement Amount means Thirteen Million Dollars ($13,000,000) that is computed by adding the Eleven Million Five Hundred Thousand Dollars ($11,500,000) to be paid under the terms and conditions of this Agreement by Defendants and the One Million Five Hundred Thousand Dollars ($1,500,000) in Improvement Measures to be conducted under the terms and conditions of this Agreement by City Defendants.