Common use of Class Representative Service Award Clause in Contracts

Class Representative Service Award. Defendant will not object to a request for a Class Representative Service Award of up to Five Thousand Dollars and Zero Cents ($5,000.00) to Plaintiff for her time and risk in prosecuting this case, her service to the Settlement Class, and her execution of a general release. This award will be in addition to Plaintiff’s Settlement Award as a Settlement Class member and shall be reported on an IRS Form 1099 issued by the Settlement Administrator. Even in the event that the Court reduces or does not approve the requested Class Representative Service Award, Plaintiff shall not have the right to revoke this Settlement, and it will remain binding. The Settlement Administrator shall be authorized to pay the Class Representative Service Award from the Gross Settlement Amount only after Settlement Awards have been mailed to all participating Settlement Class members.

Appears in 1 contract

Sources: Settlement Agreement

Class Representative Service Award. Defendant will not object to a request for a Class Representative Service Award of up to Seven Thousand Five Thousand Hundred Dollars and Zero Cents ($5,000.007,500.00) to Plaintiff for her his time and risk in prosecuting this case, her and his service to the Settlement Class, and her execution of a general release. This award will be in addition to Plaintiff’s Settlement Award as a Settlement Class member and shall be reported on an IRS Form 1099 issued by the Settlement Administrator. Even in the event that the Court reduces or does not approve the requested Class Representative Service Award, Plaintiff shall not have the right to revoke this Settlement, and it will remain binding. The Settlement Administrator shall be authorized to pay the Class Representative Service Award from the Gross Settlement Amount only after Settlement Awards have been mailed to all participating Settlement Class members.

Appears in 1 contract

Sources: Settlement Agreement

Class Representative Service Award. Defendant will not object to a request for a Class Representative Service Award of up to Five Thousand Dollars and Zero Cents ($5,000.00) to Plaintiff for her his time and risk in prosecuting this case, her his service to the Settlement Class, and her his execution of a general release. This award will be in addition to Plaintiff’s Settlement Award as a Settlement Class member and shall be reported on an IRS Form 1099 issued by the Settlement Administrator. Even in the event that the Court reduces or does not approve the requested Class Representative Service Award, Plaintiff shall not have the right to revoke this Settlement, and it will remain binding. The Settlement Administrator shall be authorized to pay the Class Representative Service Award from the Gross Settlement Amount only after Settlement Awards have been mailed to all participating Settlement Class members.

Appears in 1 contract

Sources: Settlement Agreement