UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA FRESNO DIVISION
January 12, 2012
FEDERAL EXPRESS CORPORATION LONG TERM DISABILITY PLAN, DEFENDANT.
The opinion of the court was delivered by: Sheila K. Oberto United States Magistrate Judge
ORDER REGARDING SETTLEMENT PROCEEDS
The Parties have settled this matter but have differences of opinion as to the characterization and interpretation of how the settlement proceeds should be distributed.
As part of the settlement, Defendant shall pay to Plaintiff the gross amount of $50,000 without any withholding for any applicable taxes and shall issue a Form 1099 MISC. Pursuant to the parties' Memorandum of Understanding, the parties have agreed that any tax or tax implications arising out of the settlement shall be borne by Plaintiff and his counsel. Accordingly, Plaintiff shall be responsible for the payment of any and all applicable taxes.
IT IS SO ORDERED.
CONSENT PROTECTIVE ORDER
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