Tax Allocation of Individual Class Payments. For purposes of this Settlement, 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. The remaining 75% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions and the Individual PAGA Payments 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.
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Sources: Class Action and Paga Settlement Agreement, Class Action Settlement Agreement
Tax Allocation of Individual Class Payments. For purposes of this Settlement, 25% Fifteen percent (15%) of each Participating Settlement 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 75% Eighty-five percent (85%) of each Participating Settlement Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties (the “Non-Wage Portion”). The Non-Non- Wage Portions and the Individual PAGA Payments are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Settlement Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.
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Tax Allocation of Individual Class Payments. For purposes of this Settlement, 25% One Third (1/3) of each Participating Settlement 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 75% One Third (1/3) of each Participating Settlement Class Member’s Individual Class Payment will be allocated to settlement of claims for interest interest, and One Third (1/3) as penalties (the “Non-Non- Wage PortionPortions”). The Non-Wage Portions and the Individual PAGA Payments are not subject to wage withholdings and will be reported on IRS 1099 Forms. Participating Settlement Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class Payment.
Appears in 1 contract
Tax Allocation of Individual Class Payments. For purposes of this Settlement, 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 Portion is subject to tax payroll taxes and withholding and will be reported on an IRS W-2 FormForm W-2. The remaining 75% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for unreimbursed business expenses, interest and statutory penalties (the “Non-Wage Portion”). The Non-Non- Wage Portions and the Individual PAGA Payments are Portion is not subject to wage payroll taxes and withholdings and will be reported on an IRS 1099 FormsForm 1099. Participating Class Members assume full responsibility and liability for any employee taxes owed on their Individual Class PaymentPayments.
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Tax Allocation of Individual Class Payments. For purposes of this Settlement, 2530% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of disputed wage claims (the “Disputed Wage Portion”). The Disputed Wage Portions are subject to tax withholding and will be reported on an IRS W-2 Form. The remaining 7570% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties (the “Non-Wage Portion”). The Non-Wage Portions and the Individual PAGA Payments 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.
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Sources: Class Action Settlement Agreement