Service Payments to Class Representatives. Class Counsel shall request that the Court approve service awards for distribution to Xxxxxxxxx Xxxxx, Xxxxxxxxx Xxxxxxxx, Xxxxxx Xxxxxxxxx, and Xxxxxxx Xxxxxxxxx in an amount not to exceed $500 each. The Parties agree that regardless of any action taken by the Court with respect to such service awards, the validity of the underlying Settlement shall not be affected.
Service Payments to Class Representatives. Class Counsel shall request that the Court approve service awards for distribution to Xxxxxxxxx Xxxxxxx, Xxxxxx Xxxxxx, and Xxxxxxxx Xxxxx in an amount not to exceed $1,500 each. To the extent the Court approves service awards in an amount less than the request, the difference between the requested and awarded amount shall be distributed as part of the Net Fund Amount to eligible Class Members on a proportional basis as set forth in the Plan of Allocation. The Parties agree that regardless of any action taken by the Court with respect to such service awards, the validity of the underlying Settlement shall not be affected.
Service Payments to Class Representatives. Subject to the Court’s approval, except for the lead Plaintiff, Xxxxxxxx Xxxxxx, who will receive a service award of $10,000, all Class Representatives shall receive service awards in the amount of $2,500 for their service to the class in connection with their active participation in the Lawsuit. Service awards shall be paid from the Aggregate Gross Fund. Such Service Awards are in addition to any payments each class representative may otherwise receive as an Eligible Class Member. Defendants will not contest the Class Representatives’ petition for such payment. The Parties agree that any denial of or reduction in the amount of the Class Representatives’ requested service payment by the Court shall not be a basis for rendering the entire Settlement voidable or unenforceable, and that Final Approval of the Settlement will not be contingent upon the Court’s approval of the Class Representatives’ service payment set forth in this paragraph. Any of the amounts referenced in this paragraph that are not awarded to Class Representatives by the Court shall revert to the Aggregate Gross Fund for distribution to the Eligible Class Members. Class Representative service payments approved by the Court shall be paid within ten (10) business days after the settlement monies are transferred to the Qualified Settlement Fund.
Service Payments to Class Representatives. The amounts awarded to the Class Representatives as a service payment will be set by the Court in its discretion, not to exceed $10,000 each, and the awarded amounts will come from the Total Settlement Amount, and shall be in addition to Plaintiffs’ Individual Settlement Payments; provided, however, that to be eligible for a Class Representative service payment, Plaintiffs’ individual claims in the Lawsuit must be dismissed with prejudice and each of them must execute a settlement agreement and general release document, containing a general release of all known and unknown claims they may have against Defendant, and its current and former parents, subsidiaries and affiliated entities, based on their employment with Defendant, in the forms attached hereto as Exhibit 2. An IRS Form 1099 will be issued with respect to Plaintiffs’ awarded class representative service payments. Should the Court approve lesser amounts, the difference shall be added to the Net Settlement Proceeds.
