▇▇▇ Allocation of Individual Class Payments. 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. 80% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for penalties and interest (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 2 contracts
Sources: Class Action and Paga Settlement Agreement, Class Action and Paga Settlement Agreement
▇▇▇ Allocation of Individual Class Payments. 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. The remaining eighty percent (80% %) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties and interest (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 2 contracts
Sources: Class Action and Paga Settlement Agreement, Class Action and Paga Settlement Agreement
▇▇▇ Allocation of Individual Class Payments. 2060% 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. 8040% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for penalties and interest (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
▇▇▇ Allocation of Individual Class Payments. 2030% 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. 80The 70% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties and interest (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
▇▇▇ Allocation of Individual Class Payments. 20% One-third (33.3%) 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 withholding and will be reported on an IRS W-2 Form. 80% The remaining two-thirds (66.7%) of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties and interest (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
▇▇▇ Allocation of Individual Class Payments. 20% 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. 80% of each Participating Class Member’s 's Individual Class Payment will be allocated to settlement of claims for penalties and interest (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
▇▇▇ Allocation of Individual Class Payments. Twenty percent 25 (20% %) of each Participating Class Member’s Individual Class 26 Payment will be allocated to settlement of wage claims (the 27 “Wage Portion”). The Wage Portions are subject to tax 28 withholding and will be reported on an IRS W-2 Form. Eighty 1 Percent (80% %) of each Participating Class Member’s Individual 2 Class Payment will be allocated to settlement of claims for 3 interest and penalties and interest (the “Non-Wage Portion”). The Non- 4 Wage Portions are not subject to wage withholdings and will be 5 reported on IRS 1099 Forms. Participating Class Members 6 assume full responsibility and liability for any employee taxes 7 owed on their Individual Class Payment.
Appears in 1 contract
▇▇▇ Allocation of Individual Class Payments. 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 FormForms. 80% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for penalties and interest (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
▇▇▇ Allocation of Individual Class Payments. 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. The remaining 80% of each Participating Class Member’s Individual Class Payment will be allocated to settlement of claims for interest and penalties and interest (the “Non-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