21.07.2013 Views

IN THE UNITED STATES DISTRICT COURT FOR ... - Cleveland.com

IN THE UNITED STATES DISTRICT COURT FOR ... - Cleveland.com

IN THE UNITED STATES DISTRICT COURT FOR ... - Cleveland.com

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

(c) Participants who fall within both groups are eligible for<br />

Individual Payments in each of the two categories.<br />

(d) The Individual Payments to the Named Plaintiffs, the<br />

Existing Opt-In Plaintiffs, and the Other Eligible Settlement Participants<br />

are stated in the Schedule of Individual Distributions (Exhibit 4).<br />

(2) Subject to approval by the Court, the total amount of the attorneys’<br />

fees payable to Plaintiffs’ Counsel shall be 16.66% of the Total Eligible Amount,<br />

or $110,000, and Plaintiffs’ Counsel’s have incurred reimbursable litigation<br />

expenses of $6,500;<br />

(3) The sum of $2,500 shall be allocated as a “Service Award” to each<br />

Named Plaintiff in recognition of her service as a representative plaintiff for a<br />

total of $5,000.<br />

F. Payments Discharge Defendants’ Obligations. The payments described in<br />

this paragraph shall be in lieu of and discharge any and all obligations of InkStop, Defendants<br />

and Directors for lost <strong>com</strong>pensation, of any kind and nature, to the Named Plaintiffs and the<br />

Existing Opt-In Plaintiffs, and to Other Eligible Settlement Participants who sign and return the<br />

Consent and Release Form. The payments described in this paragraph are also in full payment of<br />

attorneys’ fees and costs, including the cost of administering and obtaining the Consent and<br />

Releases.<br />

G. Tax Treatment of Payments. All payments to Named Plaintiffs, Existing<br />

Opt-In Plaintiffs, and Other Eligible Settlement Participants shall be reported as wages to the<br />

United States Internal Revenue Service and to other appropriate taxing authorities (“Taxing<br />

Authority” or “Taxing Authorities”) on a Form W-2 issued to each participant with that person’s<br />

13

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!