Payments to the Settlement Class Sample Clauses
The "Payments to the Settlement Class" clause defines how and when monetary distributions will be made to members of the settlement class in a legal agreement. It typically outlines the process for determining eligible recipients, the method of payment, and any conditions or timelines for disbursement. For example, it may specify that payments will be made via check or electronic transfer after claims are verified. This clause ensures that compensation is fairly and efficiently distributed to those entitled under the settlement, addressing the need for transparency and order in the payment process.
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment (“Individual Settlement Payment”) from the Settlement. Individual Settlement Payments will be determined and paid as follows:
A. The Settlement Administrator shall first deduct from the Maximum Settlement Amount the amounts approved by the Court for Class Counsel's attorneys' fees, Class Counsel's costs and expenses, Plaintiff's Class Representative Service Award, the Settlement Administrator's fees and expenses for administration, and the amount designated as PAGA civil penalties. The remaining amount shall be known as the “Net Settlement Fund” (“NSF”).
B. From the Net Settlement Fund, the Settlement Administrator will calculate each Settlement Class member's Individual Settlement Payment based on the following formula:
i. Payments to all participating Settlement Class members: Seventy-Five percent (75%) of the NSF will be distributed to all participating Settlement Class members based on each participating Settlement Class member's proportionate workweeks worked during the Class Period, by multiplying 75% of the NSF by a fraction, the numerator of which is the participating Settlement Class member's number of workweeks worked during the Class Period, and the denominator of which is the total workweeks worked by all participating Settlement Class members during the Class Period.
Payments to the Settlement Class. Settlement Awards will be determined and paid as follows:
A. All Settlement Class Members will be eligible to receive a Settlement Award. California Class Members and PAGA Members are not required to submit a claim form to receive a Settlement Award. Opt-Ins, Arbitrants and Potential Arbitrants must return a release form to receive a Settlement Award.
B. Class Counsel shall determine the initial allocation of the monetary amount of individual Settlement Awards for Settlement Class Members, first deducting from the Gross Settlement Amount the amounts for Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, Plaintiff’s Class Representative Service Award, the LWDA’s share of the PAGA payment, and a Contingency Fund of $100,000. The remaining amount shall be known as the “Net Settlement Amount.”
C. The Contingency Fund shall be used for Class Member Settlement Awards to account for differences between Initial Settlement Award Allocations and Final Settlement Award Allocations.
D. From the Net Settlement Amount, Class Counsel will calculate each Settlement Class Member’s Settlement Award based on Class Counsel’s damages analysis, with a reasonable minimum allocation amount for each person.
E. The notices of settlement to California Class Members will advise them of their Initial Settlement Award Allocation and opportunity to opt-out of the settlement. The notices of settlement to Opt-ins, Arbitrants, and Potential Arbitrants will advise them of their Initial Settlement Award Allocations and their opportunity to accept or reject the settlement.
F. The Gross Settlement Amount shall be deposited with the Settlement Administrator within Ninety (90) calendar days of the Court, or if necessary, Special Master, entering an order granting final approval, or, solely in the event that there are any objections to the settlement (the filing of an objection being a prerequisite to the filing of an appeal), the later of: (i) the last date on which any appeal might be filed or (ii) the successful resolution of any appeal(s) – including expiration of any time to seek reconsideration or further review.
G. On or before the date of Defendant’s deposit of the Gross Settlement Amount with the Settlement Administrator, Class Counsel will calculate the Final Settlement Award Allocations. The allocations of any Settlement Class Members who do not participate in the settlement, as well as any unused portions of the Contingency Fund, and any requested but unapproved atto...
Payments to the Settlement Class. Settlement Class Members are not required to submit a claim form to receive a payment (“Individual Settlement Payment”) from the Settlement. Individual Settlement Payments will be determined and paid as follows:
A. The Claims Administrator shall first deduct from the Maximum Settlement Amount the amounts approved by the Court for Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, the Class Representative Enhancement Payment, LWDA Payment, the PAGA Amount, and the Claims Administrator’s costs. The remaining amount shall be known as the “Net Settlement Amount.”
B. From the Net Settlement Amount, the Claims Administrator will calculate each Settlement Class Member’s Individual Settlement Payment based on the following formula:
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment (“Individual Settlement Payment”) from the Settlement. Individual Settlement Payments will be determined and paid as follows:
A. The Settlement Administrator shall first deduct from the Maximum Settlement Amount the amounts approved by the Court for Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, the Class Representative Enhancement Payment, the Settlement Administrator’s fees and expenses for administration, and the amount designated as PAGA civil penalties. The remaining amount shall be known as the “Net Settlement Amount.”
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment (“Settlement Award”) from the Settlement. Settlement Awards will be determined and paid as follows:
A. The Settlement Administrator shall first deduct from the Maximum Settlement Amount the amounts approved by the Court for Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, Plaintiff’s Class Representative Enhancement Award, the amount paid to the LWDA as PAGA civil penalties, and the Settlement Administrator’s fees and expenses for administration. The remaining amount shall be known as the “Net Settlement Amount.”
B. From the Net Settlement Amount, the Settlement Administrator will calculate each Settlement Class member’s Settlement Award based on the following formula:
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment (“Settlement Award”) from the Settlement. Settlement Awards 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 Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, the Class Representatives’ Enhancement Awards, the Settlement Administrator’s fees and expenses for administration, and the amount set aside as PAGA civil penalties payable to the LWDA. The remaining amount shall be known as the “Net Settlement Amount.”
B. PAGA Amount: From the Net Settlement Amount, $15,000.00 has been allocated as the “PAGA Amount” as stated above. The PAGA Amount will be distributed to all Settlement Class members (whether or not they opt out) who performed work for Mission Produce in California during the PAGA Period, based on each Settlement Class member’s proportionate number of pay periods worked for Mission Produce in California during the PAGA Period.
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment (“Individual Settlement Payment”) from the Settlement. Individual Settlement 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 Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, Plaintiff’s Class Representative Service Award, the Settlement Administrator’s fees and expenses for administration, and the PAGA payment to the LWDA. The remaining amount shall be known as the “Net Settlement Fund” (“NSF”).
B. From the Net Settlement Fund, the Settlement Administrator will calculate each Settlement Class member’s Individual Settlement Payment based on the following formula:
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment from the Settlement Settlement Award. Settlement Awards will be determined and paid as follows:
A. The Settlement Administrator shall first deduct from the Gross Settlement Amount
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment (“Settlement Award”) from the Settlement. Individual Settlement Awards 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 Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, the Class Representative Enhancement Payment, the Settlement Administrator’s fees and expenses for administration, and the amount designated as PAGA civil penalties. The remaining amount shall be known as the “Net Settlement Amount” or “NSA.”
Payments to the Settlement Class. Settlement Class members are not required to submit a claim form to receive a payment from the Settlement (“Settlement Share”). Settlement Shares 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 Class Counsel’s attorneys’ fees, Class Counsel’s costs and expenses, Plaintiffs’ Class Representative Incentive Awards, the Settlement Administrator’s administration costs, and the payment to the LWDA. The remaining amount shall be known as the “Net Settlement Amount” or “NSA.”
B. Payments from the Net Settlement Amount: Of the Net Settlement Amount, $23,037.00 shall be allocated to the Settlement Class only (“Settlement Class Amount”). The Settlement Administrator will calculate each participating Settlement Class member’s payment from the NSA based on the following formula: