Class Compensation Clause Samples

Class Compensation. Defendants shall provide the Class Compensation set forth in paragraph of the Settlement Agreement on the timetable provided in the Settlement Agreement.
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Class Compensation. Defendant has created a settlement fund totaling $360,000.00 (the “Settlement Fund”) to pay valid Settlement Class member claims on a pro rata basis, to pay an incentive award to Plaintiff for serving as the Class Representative, to pay Class Counsel’s attorneys’ fees and reasonable litigation expenses, and to pay the costs incurred by the Settlement Administrator for notifying the Settlement Class and administering the Settlement Fund.
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Class Compensation. In accordance with the terms of the Settlement Agreement, ▇▇▇▇▇▇ Dental shall create a Settlement Floor of $1,600,000, separate and apart from any costs related to notice and administration. No portion of the Settlement Floor shall revert back to ▇▇▇▇▇▇ Dental. Should the amount of Agreed Payments exceed $1,600,000, ▇▇▇▇▇▇ Dental will contribute all necessary funds to pay the Agreed Payments.
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Class Compensation. In accordance with the terms of the Agreement, Defendant shall cause the Underwriters to Lloyd’s Syndicate 1200 to pay the Settlement Amount set forth in paragraph 3 of the Agreement pursuant to the procedures set forth in paragraphs 9 and 10 of the Agreement.
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Related to Class Compensation

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.