Distribution Formula Sample Clauses
A Distribution Formula clause defines how profits, losses, or other financial distributions are allocated among parties involved in an agreement. Typically, it specifies the percentage or method by which each party receives their share, which may be based on factors such as capital contributions, ownership interests, or performance metrics. This clause ensures transparency and fairness in the distribution process, preventing disputes by clearly outlining each party’s entitlement.
Distribution Formula. Each participating municipality shall be allocated a portion of all county dollars, including the Library MSTU, to the extent that it is demonstrated that the Cooperative’s library system benefits and is used by residents of the unincorporated area of Polk County, based on this formula: [10% of the municipality's current library budget (excluding capital as defined herein) + (remaining funds for distribution X its library's % of circulation (as compared to the entire Cooperative's circulation) for the most recent fiscal year)] Any publicly owned and operated library open at least 40 hours a week will receive at least $25,000. The minimum funding level has the opportunity to be increased upon recommendation by the Governing Board and with a unanimous approval vote of the Governing board. Shown another way the formula looks like this: A = Total County Funds B = 10% of municipality's current library budget (excluding capital as defined herein) C = Sum of amount B for each location D = A – C (remaining funds for distribution) E = % of library's circulation (as compared to the entire Cooperative's cumulative Circulation for the most recent fiscal year) Each municipality's allocation = B + (D*E), with the provision that any library open at least 40 hours a week will receive at least $25,000. The minimum funding level has the opportunity to be increased upon recommendation by the Governing Board and with a unanimous approval vote of the Governing board.
Distribution Formula. “The residuals payable under Section D. hereof shall be remitted by the Company to the Guild on a quarterly basis according to the provisions of Article 51.C.
Distribution Formula. The Distribution Formula may be amended, revised or updated from time to time by the PTOs with ratification by the Limited Partners by Special Resolution pursuant to the Partnership Agreement, or by the Partnership by an Extraordinary Resolution of the Limited Partners pursuant to the Partnership Agreement.
Distribution Formula. Each Settlement Class Member entitled to a distribution from the Settlement Fund shall receive a payment from the Settlement Fund in accordance with the following formula: for amounts collected by Capital One prior to and including the date this Settlement Agreement is executed (Monetary Relief Subclass Member’s Amounts in Excess of the Original Principal Balance from Any Source for the Automobile Loan Account divided by the sum of Amounts in Excess of the Original Principal Balance from Any Source on all Monetary Relief Subclass Members’ Automobile Loan Accounts) multiplied by the (Settlement Fund minus approved attorney’s fees and cost). Each Settlement Class Member entitled to a distribution from the Settlement Fund and from who Capital One collected payments between the date on which this Settlement Agreement is fully executed through the date that is two weeks prior to the Final Approval hearing shall receive a payment from the Settlement Fund in accordance the following formula: (amount collected by Capital One from the Settlement Class Member after this Settlement Agreement’s date of execution through the date that is two weeks prior to the Final Approval hearing divided by the sum of all payments collected by Capital One from all Settlement Class Members after this Settlement Agreement’s date of execution through the date that is two weeks prior to the Final Approval hearing) multiplied by (the sum of all payments collected by Capital One from all Settlement Class Members after this Settlement Agreement’s date of execution through the date that is two weeks prior to the Final Approval hearing minus approved attorney’s fees and costs).
Distribution Formula. Depending on the circumstances, individuals entitled to 8 payment under this Agreement will receive payment (a) only as an Aggrieved Employee, (b) only as a 9 Settlement Class Member, or (c) as both an Aggrieved Employee and a Settlement Class Member. Each 10 individual’s status and decisions will determine whether that individual will receive payment (i) solely 11 in the form of Shop Cards or (ii) in a combination of Shop Cards and cash (via check). Those individuals 12 entitled to the smallest payments will be paid entirely in the form of Shop Cards. Those individuals 13 entitled to larger payments will be paid in a combination of Shop Cards and cash. Shop Cards will be 14 used in place of cash to the extent of $1,250,000. The table below provisionally describes the 15 distribution of settlement proceeds. Final figures may vary depending on such factors as the number of 16 class members who opt out of the Agreement. In the table below, “X” is the dollar amount an individual 17 will receive by virtue of being a Settlement Class Member and “Y” is the dollar amount an individual 18 will receive by virtue of being an Aggrieved Employee. Generally speaking, X is a Settlement Class 19 Member entitlement calculated in accordance with Section 7.6.3 above and Y is an Aggrieved Closing Shifts Worked Settlement Award Estimated Employees In Group Avg. Est. Value 20 Employee’s entitlement calculated in accordance with Section 7.5. 3 above. 21 24 25 26
Distribution Formula. In an effort to promote both fairness and efficiency, Class Counsel has proposed a Claim Form Formula, filed under seal as Exhibit D, to be applied to each Claim Form. If the Court approves the Claim Form Formula, each Claim Form will be awarded points after review and after any necessary verification. The Claim Reviewer may in his/her discretion verify certain information provided on the Claim Form with information provided by Class Counsel and Comcast.
Distribution Formula. Participating Class Members shall be allocated a pro-rata portion of the Net Settlement Amount available for distribution based upon their respective number of Workweeks. In addition, each Participating Class Member who is also a member of the Waiting Time Penalty Subclass will receive an allotment of six (6) additional Workweeks. The Settlement Administrator will add up all the Workweeks and calculate the total Workweeks for the Participating Class Members only. Each Participating Class Member shall be entitled to a pro-rata share of the Net Settlement Amount based on the ratio of the total number of Workweeks that he or she worked during the Class Period to the total number of Workweeks that all Participating Class members worked during the Class Period. Non-Participating Class Members’ workweeks shall not be included in the calculation.
Distribution Formula. Each participating municipality shall be allocated a portion of all county dollars, including the Library MSTU, to the extent that it is demonstrated that the Cooperative’s library system benefits and is used by residents of the unincorporated area of Polk County, based on this formula:
Distribution Formula. In an effort to promote both fairness and efficiency, Class Counsel will propose a Distribution Formula, which shall be shared with the Court and the Board. Class Counsel shall file the proposed Distribution Formula under seal in conjunction with the Motion for Final Approval, and seek approval by the Court to use the Distribution Formula in making awards. If the Court approves the Distribution Formula, each Claim Form will be awarded points by Class Counsel upon their review and any necessary verification. Class Counsel may in their discretion verify certain information provided on the Claim Form, including with information provided by the Board.
Distribution Formula. 10.4.1. Pursuant to a point formula recommended by Class Counsel and ordered by the Court, and in an effort to promote both fairness and efficiency, each Claim Form will be awarded points after review and after any necessary verification. The Claim Reviewer may in his/her discretion verify certain information provided on the Claim Form with information provided by Nike through the Preliminary Approval date. The details of the point system to be applied are subject to Court approval on recommendation by Class Counsel. All monetary awards shall be subject to the review and approval of the Court before disbursement. All Class Members receiving awards will be required to keep the amount of the awards confidential from everyone except Class Counsel, or any attorney, tax or financial adviser representing them or their spouse, life partner or members of their immediate family. If any Class Member who receives an award hereunder breaches the confidentiality provisions of this paragraph, Nike will retain all rights to pursue its enforcement remedies pursuant to Section XVI.
10.4.2. The point system shall be applied uniformly, will not be discretionary after Court approval and may be amended only by Court Order. The distribution formula will take into account several factors, including: length of service; dates of service; job classification; job assignment; complaints made by the Claimant to Nike regarding discrimination; whether Claimant received benefits; whether Claimant was subject to discipline; the Claimant’s promotional opportunities; the Claimant’s contributions to case prosecution; the Claimant’s anecdotal evidence of race discrimination or race-based harassment, and the overall strength of claim. Nike shall have no duty or obligation to produce additional documents, data or other information except as otherwise required by this Decree.
10.4.3. The total points awarded to all Claimants will be aggregated, and each Claimant’s proportionate share of the total points will be determined. The Claimants shall then be allocated a commensurate proportion of the applicable Class Claims Portion(s).