Common use of Class Representative Service Payments Clause in Contracts

Class Representative Service Payments. Plaintiff will apply to the Court for approval of the Class Representative Service Payment in the amount of $15,000 in recognition of her efforts and activities in furtherance of both the litigation and this Agreement. Xxxxxx will not object to Plaintiff’s application for a Class Representative Service Payment in the amount of $15,000. The Class Representative Service Payment shall be paid from the Cash Settlement Fund and will not be distributed to Plaintiff until after the Settlement Date. The Parties further agree that Xxxxxx will not be obligated to pay any Class Representative Service Payment in excess of $15,000. If the Court approves the Agreement and the Class Representative Service Payment to Plaintiff, the Class Representative Service Payment approved by the Court will be paid by the Settlement Administrator within ten (10) calendar days after Grande provides the funds to the Settlement Administrator as described in 2.1(c) above. The Parties represent that their negotiation of, and agreement to, the compensation paid to Plaintiff did not occur until after the substantive terms of the Agreement had been negotiated and agreed to in principle. No interest shall be paid on the Class Representative Service Payment.

Appears in 2 contracts

Samples: Stipulated Settlement Agreement and Release, Stipulated Settlement Agreement and Release

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Class Representative Service Payments. Plaintiff The Parties acknowledge that Named Plaintiffs will apply to the Court for approval of the Class Representative Service Payment Payments in the amount of $15,000 per Named Plaintiff in recognition of her their efforts and activities in furtherance of both the litigation and this Agreement. Xxxxxx will not object to Plaintiff’s application for a Class Representative Service Payment in the amount of $15,000. The Class Representative Service Payment Payments shall be paid from the Cash Settlement Fund and will not be distributed to Plaintiff Plaintiffs until after the Settlement Date. The Parties further agree that Xxxxxx R+F will not be obligated to pay any Class Representative Service Payment in excess of $15,00015,000 for each Named Plaintiff. If the Court approves the Agreement and the Class Representative Service Payment Payments to PlaintiffNamed Plaintiffs, the Class Representative Service Payment Payments approved by the Court will be paid by the Settlement Administrator within ten (10) calendar days after Grande provides the funds to are deposited into the Settlement Administrator Escrow Account as described set forth in 2.1(c) aboveSection 2.4(c). The Parties represent that their negotiation of, and agreement to, the compensation paid to Plaintiff the Named Plaintiffs did not occur until after the substantive terms of the Agreement had been negotiated and agreed to in principleprinciple with the assistance of Xxx. Xxx X. Gandhi (Xxx.). No interest shall be paid on the Class Representative Service PaymentPayments.

Appears in 2 contracts

Samples: Stipulated Settlement Agreement and Release, Stipulated Settlement Agreement and Release

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