Payments to the Class Sample Clauses

Payments to the Class. Class Members are not required to submit a claim form to receive a pro rata share of the Net Settlement Amount (“Individual Settlement Payment”) or to receive a pro rata share of the Employee PAGA Amount (“Individual PAGA Payment”). The Notice of Class Action Settlement (“Class Notice”), which is attached hereto as “Exhibit A,” shall state that only those Class Members who do not submit a timely and valid Request for Exclusion will be issued Individual Settlement Payments and all Class Members will be issued Individual PAGA Payments, that they should keep the Settlement Administrator apprised of a current mailing address in order to receive payment under the Settlement, and that payment under the Settlement will be issued by check after the Court grants final approval of the Settlement and the Effective Date occurs. Individual Settlement Payments and Individual PAGA Payments will be determined and paid as follows: A. The Settlement Administrator shall first deduct from the Gross Settlement Amount the amounts approved by the Court for the Attorneys’ Fees and Costs, the Class Representative Enhancement Payment, the Settlement Administration Fees and Costs, and the PAGA Penalties. The remaining amount shall be known as the “Net Settlement Amount.” B. Individual Settlement Payments shall be paid from the Net Settlement Amount and shall be paid as described below: The Settlement Administrator will divide the Net Settlement Amount by the total number of Workweeks worked by all Settlement Class Members to yield the “Workweeks Value,” and multiply each Settlement Class Member’s individual number of Workweeks by the Workweeks Value to yield his or her Individual Settlement Payment. C. Individual PAGA Payments shall be paid from the Employee PAGA Amount and shall be paid as described below: The Settlement Administrator will divide the Employee PAGA Amount by the total number of Workweeks worked by all Class Members to yield the “PAGA Workweeks Value,” and multiply each Class Member’s individual number of Workweeks by the PAGA Workweeks Value to yield his or her Individual PAGA Payment. D. Within fourteen (14) calendar days following funding of the Gross Settlement Amount as described in Section 4.B, the Settlement Administrator will calculate each Settlement Class Member’s Individual Settlement Payment and each Class Member’s Individual PAGA Payment and will prepare and mail Individual Settlement Payments to Settlement Class Members and Individual PAGA Payments to C...