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
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(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