Common use of Allocation of Net Fund Clause in Contracts

Allocation of Net Fund. The Named Plaintiff and all Potential Opt-In Plaintiffs shall be allocated a portion of the Net Fund pursuant to the following allocation formula: (a) The Named Plaintiff and Potential Opt-In Plaintiff shall be assigned: one (1) point for each week worked as a Potential Opt-In Plaintiff anywhere in the United States at any time during the Covered Period. The calculation of all workweeks pursuant to this Paragraph shall be based on the Collective Database. (b) To calculate the Named Plaintiff’s and Potential Opt-In Plaintiff’s (i) Add all points for the Named Plaintiff and each Potential Opt-In Plaintiff to obtain the “Total Denominator;” (ii) Divide the number of points for the Named Plaintiff and each Potential Opt-In Plaintiff by the Total Denominator to obtain the Named Plaintiff’s and each Potential Opt-In Plaintiff’s “Portion of the Net Fund.” (c) Multiply the Named Plaintiff’s and each Potential Opt-In Plaintiff’s Portion of the Net Fund by the Net Fund to determine each such individual’s

Allocation of Net Fund. The All Named Plaintiff Plaintiffs and all Potential Opt-In Plaintiffs shall be allocated a portion of the Net Fund pursuant to the following allocation formula:formula:‌ (a) The Named Plaintiff and a. Each Potential Opt-In Plaintiff employed by Defendant during the Relevant Settlement Period shall be assigned: receive one (1) point for each week worked employed as a Property Manager during the Relevant Settlement Period as applicable to the Potential Opt-In Plaintiff anywhere depending on the state in the United States at any time during the Covered Period. which he or she was employed. b. The calculation of all workweeks pursuant to this Paragraph paragraphs III.F.2.a shall be based on the Collective DatabaseDefendant’s business records. (b) c. To calculate the each Named Plaintiff’s and Potential Opt-In Plaintiff’s’s proportionate share of the Net Fund: (i1) Add all points for the each Named Plaintiff and each Potential Opt-In Plaintiff together to obtain the “Total Denominator;” (ii2) Divide the number of points for the each Named Plaintiff and each Potential Opt-In Plaintiff by the Total Denominator to obtain the Named Plaintiff’s and each Potential Opt-In Plaintiffindividual’s “Portion of the Net Fund.;” (c3) Multiply the Named Plaintiff’s and each Potential Opt-In Plaintiffindividual’s Portion of the Net Fund by the Net Fund to determine each such individual’s’s “Individual Gross Settlement Payment.”