Calculation of Payments to Participating Class Members Clause Samples
The "Calculation of Payments to Participating Class Members" clause defines the method by which monetary awards or settlements are determined and distributed among eligible members of a class action lawsuit. It typically outlines the formula or criteria used to calculate each member’s share, such as the number of claims submitted, the extent of harm suffered, or other relevant factors. This clause ensures a fair and transparent process for dividing settlement funds, preventing disputes and confusion over payment amounts.
Calculation of Payments to Participating Class Members. After all of the payments of the court-approved Attorneys' Fees, Attorneys' Expenses, Service Awards, the PAGA Payment, the Settlement Administration Costs, and Defendant's share of payroll taxes are deducted from the Gross Settlement Amount, the remaining portion, the “Net Settlement Amount” shall be distributed to Participating Class Members. The Net Settlement Amount shall be paid as follows:
Calculation of Payments to Participating Class Members. The Settlement Share for each Participating Class Member will be calculated as follows, understanding that the formulas below do not constitute an admission by either party, and are intended only to provide a practical means to simplify and administer the claims process. The Settlement Share shall be paid in exchange for the Participating Class Members’ release of the Class Released Claims.
Calculation of Payments to Participating Class Members. After all the above payments of the court- approved Class Counsel Fees Payment, Class Counsel Litigation Expenses Payment, the Class Representative Service Payments, the LWDA Payment, and the Settlement Administration Expenses are deducted from the Gross Settlement Amount, the remaining portion, called the “Net Settlement Amount,” shall be distributed to class members who do not request exclusion (“Participating Class Members”). The Net Settlement Amount will be divided into two portions, as follows: 50% of the Net Settlement Amount shall be allocated to the settlement of the wage statement and reimbursement Class claims for exempt and non-exempt employees (the “226/2802 Class Net Settlement Proceeds”) and the remaining 50% of the Net Settlement Amount shall be allocated to the settlement of the Meal/Rest/Wages Class claims for non- exempt employees (the “Meal/Rest/Wages Class Net Settlement Proceeds”). The Settlement Share for each Participating Class Member will be calculated as follows:
Calculation of Payments to Participating Class Members. After all the above payments are deducted from the Gross Settlement Amount, the remaining portion, called the “Net Settlement Amount,” shall be distributed to class members who do not request exclusion (“Participating Class Members”). Each Participating Class Member shall be entitled to receive a portion of the Net Settlement Amount (his/her “Settlement Share”). The Settlement Share for each Participating Class Member will be calculated separately for the ▇▇▇▇▇▇ Subclass and the ▇▇▇▇▇/▇▇▇▇ Subclass. You do not need to do anything to be paid. The Settlement Share for the ▇▇▇▇▇▇ Subclass will be calculated by: (a) dividing the Net ▇▇▇▇▇▇ Settlement Amount by the total number of workweeks worked for all Participating ▇▇▇▇▇▇ Subclass Members in the ▇▇▇▇▇▇ Subclass that occurred during the Class Period; and (b) multiplying the result by each individual Participating ▇▇▇▇▇▇ Subclass Member’s total number of workweeks worked that occurred during the Class Period. The Settlement Share for the ▇▇▇▇▇/▇▇▇▇ Subclass will be calculated by: (a) dividing the Net ▇▇▇▇▇/▇▇▇▇ Settlement Amount by the total number of workweeks worked for all Participating ▇▇▇▇▇/▇▇▇▇ Subclass Members in the ▇▇▇▇▇/▇▇▇▇ Subclass that occurred during the Class Period; and (b) multiplying the result by each individual Participating ▇▇▇▇▇/▇▇▇▇ Subclass Member’s total number of workweeks worked that occurred during the Class Period. If a Participating Class Member is a member of both the ▇▇▇▇▇▇ Subclass and the ▇▇▇▇▇/▇▇▇▇ Subclass, he or she will receive two separate Settlement Shares, one each from the allocation for each Subclass.