AFCU has agreed to pay up to $850,000.00 into a fund to pay Collective Members’ settlement payments, Arbitrator-approved attorneys’ fees and costs of $354,875.00, an Arbitrator-approved General Release Payment in the total amount of $10,000.00 to Named Claimant in exchange for a full general release of her individual claims, payroll and other applicable taxes (except for the employer’s share of payroll taxes), and the Settlement Claims Administrator’s fees and costs.

After deducting the Court-approved attorneys’ fees and costs, Arbitrator-approved General Release Payments, payroll and other applicable taxes (except for the employer’s share of payroll taxes), and the Settlement Claims Administrator’s fees and costs, the remaining amount will be divided among current and former BEs who are covered by the settlement, based on the number of eligible weeks they worked for AFCU as BEs during the Covered Period, pursuant to the settlement formula detailed above. Settlement checks which are not cashed within 120 days of issuance will be null and void.