Common use of Tax Allocation of Individual Class Payments Clause in Contracts

Tax Allocation of Individual Class Payments. 30% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 3025% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 7075% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30% Thirty three percent (33%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70% The sixty seven percent (67%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 3010% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 7045% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and 45% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 3025% of each Participating Class Member’s Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”“Wage Portion”). The Wage Portions are subject to tax withholding and will be reported by the Administrator on an IRS W-2 FormForms. 7075% of each Participating Class Member’s Member’s Individual Class Payment will be allocated to settlement of claims for non-wagesinterest, expense reimbursement, interest penalties and penalties the right of publicity claims (the “Non“Non-Wage Portion”Portion”). The Non-Non- Wage Portions are not subject to wage withholdings and will be reported by the Administrator on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action Settlement Agreement

Tax Allocation of Individual Class Payments. 30% Fifty percent (50%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 FormForm W-2. 70% Fifty percent (50%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of claims for interest, penalties, and other non-wages, expense reimbursement, interest and penalties wages (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 FormsForm 1099. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class PaymentPayments.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30Fifteen percent 15% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70The remaining 85% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursementreimbursements, interest and penalties penalties. (the “Non-Wage Portion”). The Non-Non- Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The remaining 70% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wagesreimbursement, expense reimbursementpenalties, interest and penalties other non-wages (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30% Twenty percent (20.00%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70% Eighty percent (80.00%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement[e.g., interest and penalties penalties] (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30% One-fourth (25%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70% The remaining three-fourths percent (3/4) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30% Twenty percent (20%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70% Fifty percent (50%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest penalties and penalties thirty percent (30%) will be allocated to the settlement of interests (“Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 3010% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70The 90% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wagesalleged unpaid interest (45% allocation), expense reimbursementand alleged unpaid civil and statutory penalties (45% allocation), interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 3023% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 7010% of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of claims for non-wages, expense reimbursement, interest and 67% of each Individual Class Payment will be allocated to the settlement of claims for penalties (together, the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 3020% (Twenty Percent) of each Participating Class Member’s 's Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70The 80% (Eighty Percent) of each Participating Class Member’s 's Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). Portion”).vi The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30% Fifty percent (50%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70% The remaining fifty percent (50%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action Settlement Agreement

Tax Allocation of Individual Class Payments. 30% Ten percent (10%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 FormForms. 70% Ninety percent (90%) of each Participating Class Member’s Individual Class Payment will be allocated to the settlement of claims for non-wages, expense reimbursement, interest penalties and penalties interests (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class PaymentPayments.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 30% Ten percent (10%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 70% Ninety percent (90%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest, penalties, and other non-wages, expense reimbursement, interest and penalties wage damages (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class, Collective, and Representative Settlement Agreement

Tax Allocation of Individual Class Payments. 3050% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 7050% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action and Paga Settlement Agreement

Tax Allocation of Individual Class Payments. 3020% of each Participating Wage and Hour Class Member’s Individual Class Payment will be allocated to settlement of wage claims (the “Wage Portion”). The Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. 7080% of each Participating Wage and Hour Class Member’s Individual Class Payment will be allocated to settlement of claims for non-wages, expense reimbursement, interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Class Members assume full responsibility and liability for any employee taxes Employee Paid Taxes owed on their Individual Class Payment.

Appears in 1 contract

Sources: Class Action, Collective Action and Paga Settlement Agreement