Net Settlement Amount. If the Non-Defaulting Party establishes an Early Termination Date, then the Non-Defaulting Party shall calculate its Gains or Losses and Costs resulting from the termination as of the Early Termination Date, in a Commercially Reasonable Manner. The Non-Defaulting Party shall aggregate such Gains or Losses and Costs with respect to the liquidation of the termination and any other amounts due under this Agreement and any other agreement between the Parties into a single net amount expressed in U.S. dollars (the “Net Settlement Amount”). The Non-Defaulting Party shall then notify the Defaulting Party of the Net Settlement Amount. The Defaulting Party shall pay the Non-Defaulting Party the full amount of the Net Settlement Amount within five (5) Business Days of delivery to the Defaulting Party of the notice of the Net Settlement Amount that the Defaulting Party is liable for.
Net Settlement Amount. The total amount of money available for payout to Participating Class Members, which is the Gross Settlement Amount less the Attorney Fee Award, the Cost Award, the Class Representative Enhancement Payments, Administration Costs, and the PAGA Payment. In other words, the Net Settlement Amount is the portion of the Gross Settlement Amount that will be distributed to Class Members who do not request exclusion from the Settlement.
Net Settlement Amount. “Net Settlement Amount” refers to the portion of the 8 Gross Settlement Amount for distribution to Settlement Class Members that remains after accounting for 9 any Service Award, Administrative Costs, and Class Counsel Award.
Net Settlement Amount. The Net Settlement Amount will be determined by the Settlement Administrator by subtracting the Class Counsel Award, Class Representative’s Service Award, Individual and LWDA PAGA Payments, and Settlement Administrator Costs from the Total Settlement Amount. The anticipated Net Settlement Amount is $1,245,333. The Parties estimate the amount of the Net Settlement Amount to be calculated as follows: Total Settlement Amount: $2,000,000.00 Requested Class Rep. Enhancement Award: $10,000.00 Requested Class Counsel Fees: $666,667.00 Requested Class Counsel Costs: $20,000.00*(note, likely less) Individual PAGA Payments to PAGA Settlement Group Members $6,250.00 LWDA PAGA Payment: $18,750.00 Settlement Administrator Costs: $33,000.00 Net Settlement Amount $1,245,333.00 This is a non-reversionary Settlement in which Defendants will pay the entire Total Settlement Amount. No portion of the Total Settlement Amount will revert to Defendants. The employers’ share of payroll taxes and other required withholdings from Individual Settlement Payments, including but not limited to FICA and FUTA contributions, if applicable, shall be paid separately from, and in addition to, the Total Settlement Amount. Any award of less than the amounts requested for enhancements, administrative costs, litigation costs, or attorneys’ fees will be returned to the Net Settlement Amount and distributed to the Settlement Class.
Net Settlement Amount. The “Net Settlement Amount” or “NSA” is the amount available for Distribution to Tribal Contractors after the Reserve Account and attorneys’ fees, costs, and other expenses have been deducted from the “Settlement Amount,” as provided in Section VIII.A, below.
Net Settlement Amount. After deducting the amounts above, the balance of the Gross Settlement Amount will form the Net Settlement Amount for distribution to the Class Members who do not timely request exclusion from the Settlement. You can view the Settlement Agreement and other Court documents related to this case by visiting www .
Net Settlement Amount. The Net Settlement Amount will be used to satisfy Individual Settlement Payments to Class Members from the Settlement Class in accordance with the terms of this Settlement.
Net Settlement Amount. The following amounts will be subtracted from the Gross Settlement Amount to derive the Net Settlement Amount:
Net Settlement Amount. The overall tax allocation for the Net Settlement 3 Amount will be allocated for tax purposes as follows: 75% to statutory and civil penalties and interest, 4 and 25% to wages, subject to the other provisions of this Section.
Net Settlement Amount. The term “Net Settlement Amount” shall have the same meaning as set forth in Section 4.6.
