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Global has agreed to pay up to $750,000.00 into a fund to pay Collective Members’ settlement payments (including Collective Members’ share of applicable federal, state and local taxes), Court-approved attorneys’ fees and costs of $259,939.31, Court-approved General Release Payments totaling $7,500.00 to Named Plaintiff and one other General Release Payment Recipient who retained Plaintiffs’ Counsel to bring this claim, in exchange for a full general release of their individual claims only, and the fees and costs of the Settlement Claims Administrator. Global has agreed to pay the employer’s share of payroll taxes separately in addition to the fund.
After deducting the Court-approved attorneys’ fees and costs, the Court-approved General Release Payments, and the fees and costs of the Settlement Claims Administrator, the remaining amount will be divided among current and former BEs who are covered by the settlement, based on the number of weeks they worked as BEs during the period covered by the settlement. Settlement checks which are not cashed within 120 days of issuance will be null and void.
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