Maximum Gross Settlement Amount definition
Maximum Gross Settlement Amount means the agreed upon non-revisionary settlement amount totaling One Million Five Hundred Thousand Dollars and Zero Cents ($1,500,000.00) subject to the terms and conditions herein. The Maximum Gross Settlement Amount is inclusive of (1) payments to the Settlement Plaintiffs; (2) the PAGA Payment; (3) Employee’s Taxes and Required Withholdings (4) Class Counsel’s attorneys’ fees; (5) Class Counsel’s costs and expenses related to these Settled Lawsuits not to exceed $30,000.00; (6) all fees, costs, and expenses associated with a mutually agreed upon Settlement Administrator to administer the settlement currently estimated at $20,000.00; and (7) Service Award to the Plaintiff. Under no circumstances shall Defendant be obligated to pay any more than $1,500,000.00, or the specific amounts agreed upon by the Parties as set forth in this Settlement Agreement. Defendant is required to pay Employer Taxes in addition to the Maximum Gross Settlement Amount, as set forth herein, related to payments to Settlement Plaintiffs. Any interest earned on the Maximum Gross Settlement Amount during the period of settlement administration under this Settlement Agreement will remain Defendant’s sole and exclusive property.
Maximum Gross Settlement Amount means the gross amount of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00) that OSL has agreed to pay pursuant to this Settlement Agreement to resolve the claims asserted in the Lawsuit. The Maximum Gross Settlement Amount includes and covers: (a) all Individual Settlement Payments (as defined below) to Settlement Claimants; (b) all Court-approved attorneys’ fees, costs and expenses of Counsel for Settlement Claimants; (c) all Court-approved fees, costs, and expenses associated with a mutually agreed upon Settlement Administrator to administer the Settlement; (d) the Settlement Claimants’ share of all applicable payroll taxes related to their Individual Settlement Payments; and (e) Court-approved service payments to the Named Plaintiffs. The Maximum Gross Settlement Amount does not include the employer’s share of payroll taxes related to Individual Settlement Payments to Settlement Claimants, which shall be paid by OSL in addition to and separate from the Maximum Gross Settlement Amount. The Maximum Gross Settlement Amount is based on an understanding between the Parties that there were approximately 43,000 workweeks worked by exempt-classified Team Leads between April 10, 2017 and October 1, 2020. In the event that the total number of workweeks worked by the Putative Collective Members (as defined below) between April 10, 2017 and October 1, 2020 exceeds 43,050, Named Plaintiffs shall have the option of rescinding the Settlement Agreement; however, OSL shall have the option to preempt Named Plaintiffs’ right to rescind by increasing the Maximum Gross Settlement Amount on a proportional basis based on the percentage by which the actual number of workweeks worked by the Putative Collective Members between April 10, 2017 and October 1, 2020 exceeds 43,050 (e.g., if there is a 7% increase
Maximum Gross Settlement Amount means $100,000,000 and includes the
Examples of Maximum Gross Settlement Amount in a sentence
Sprint shall transmit to the Settlement Administrator for payment the employer share of all payroll taxes imposed by law separately and in addition to the Maximum Gross Settlement Amount (“Employer Taxes”).
The Maximum Gross Settlement amount for settlement of for settlement of the putative class claims is Two Hundred Thousand Two Hundred USD and no cents ($200,000.00), plus any interest that accrues after the Maximum Gross Settlement Amount is deposited in the Qualified Settlement Fund.
This amount shall be paid from the Maximum Gross Settlement Amount subject to Court approval.
This Settlement is contingent upon Court approval, and Alteryx shall have no obligation to pay any portion of the Maximum Gross Settlement Amount or Employer Payroll Taxes, and any releases shall be null and void, if the Settlement does not become final, effective, and non-appealable, subject to this Section 8.
In return for services rendered to Putative Class Members and Opt-In Plaintiffs and for a General Release, Named Plaintiffs will request that the Court approve Service Payments to each Named Plaintiff in the Operative Complaint, from the Maximum Gross Settlement Amount.
More Definitions of Maximum Gross Settlement Amount
Maximum Gross Settlement Amount means the maximum amount of money to be 10 paid by Defendant in connection with this Agreement. The Maximum Gross Settlement Amount is 11 $5,000,000. Under no circumstances shall Defendant be required to pay more than the Maximum 12 Gross Settlement Amount in connection with the settlement of the Civil Action (except that 13 Defendant shall be responsible for the payment of the employer share of FICA, FUTA, and SUTA, 14 from funds outside the Maximum Gross Settlement Amount). The Maximum Gross Settlement 15 Amount shall be allocated to the Settlement Payment Allocation, the Attorney’s Fees and Expenses 16 Payment, the Enhancement Payments, the Administrative Costs, and the Named Plaintiffs’ claim 17 under the Labor Code Private Attorneys General Act of 2004 (“PAGA”), as follows:
Maximum Gross Settlement Amount means the maximum amount of money to be
Maximum Gross Settlement Amount means Seven Million Six Hundred Thousand Dollars and Zero Cents ($7,600,000.00) subject to the terms and conditions herein. The Maximum Settlement Amount is inclusive of (1) payments to the Settlement Plaintiffs;
Maximum Gross Settlement Amount means the maximum 2 amount that Interstate shall cause to be paid pursuant to this Settlement, which is Four Hundred and 3 Seventy Five Thousand Dollars and No Cents ($475,000.00). That sum is and shall be inclusive of 4 the following: (a) the Class Representative Payment to ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇ 5 ▇▇▇▇▇▇▇▇▇ in the amount of up to Ten Thousand Dollars and Zero Cents ($10,000.00) each; (b) Class 6 Counsel’s attorneys’ fees in an amount up to One Hundred Fifty Six Thousand Seven Hundred and 7 Fifth Dollars and Zero Cents ($156,750.00), incurred or to be incurred in the Settlement of the 8 Action, and any appeals; (c) costs and expenses associated with the Action in an amount of up to 9 Thirty-FiveThousand Dollars and Zero Cents ($35,000.00), incurred or to be incurred in the 10 Settlement of the Action, and any appeals; (d) the fees and expenses of the Claims Administrator, 11 estimated at Twelve Thousand Five Hundred Dollars and Zero Cents ($12,500.00), and subject to 12 reduction to correspond with the actual fees and expenses incurred, as further described in Paragraph
Maximum Gross Settlement Amount means Two Million Sixty-Five Thousand Dollars ($2,065,000.00), the maximum amount Alteryx has agreed to pay (other than Employer Payroll Taxes), subject to Section 9.1(B).
Maximum Gross Settlement Amount means the maximum
Maximum Gross Settlement Amount means the maximum amount that Defendant shall cause to be paid pursuant to this Settlement, which is Four Million Nine Hundred Seventy Five Thousand Dollars and No Cents ($4,975,000.00), with the exception of the