Compensation Responsibility Clause Samples

The Compensation Responsibility clause defines which party is obligated to pay for specific costs, damages, or losses arising under the agreement. Typically, it outlines the types of compensation covered, such as reimbursement for expenses, payment for services rendered, or indemnification for third-party claims. By clearly assigning financial responsibility, this clause helps prevent disputes over payment and ensures that each party understands their obligations, thereby promoting fairness and clarity in the contractual relationship.
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Compensation Responsibility. Practice shall be solely responsible for establishing and paying the compensation and fringe benefits, if any, to the Medical Providers. Practice shall be solely responsible for the payment and withholding of appropriate amounts for income tax, social security, unemployment insurance, and state disability insurance taxes. Practice shall also maintain in full force and effect all worker’s compensation insurance as may be required under the worker’s compensation laws of the State.
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Compensation Responsibility. 4.5.1 Unless otherwise described in this Agreement, the Transferor hereby confirms that in the event the Transferee and/or the Target Company suffers from any losses arising from legal responsibilities incurred by the Target Company before the Closing Date (except for those disclosed to the Transferee), the Transferor shall be liable for full guarantee or compensation to the Transferee, the Target Company or Vimicro Shenzhen. For the avoidance of doubt, the Transferor hereby undertakes to the Target Company, Vimicro Shenzhen and the Transferee that the Transferor shall compensate the Target Company, Vimicro Shenzhen and the Transferee for all legal responsibilities and liabilities incurred by the Target Company before the Closing Date, so as to guarantee the Target Company, Vimicro Shenzhen and the Transferee suffer from no losses.
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Related to Compensation Responsibility

  • Union Responsibility The Union will attend to any necessary documentation required as a result of a change in the designated institution.

  • Employer Responsibility The Employer accepts its responsibility to insure equal opportunity in all aspects of employment for all qualified persons regardless of race, creed, religion, color, national origin, age, disability, reliance on public assistance, sex, marital status, sexual orientation/affectional preference, or any other class or group distinction, as set forth by state or federal anti-discrimination laws, or in Board policy.

  • Employee’s Responsibility WORK START TIME

  • Association Responsibilities The Association shall have, in addition to other responsibilities expressly set forth herein or provided by law, the following responsibilities:

  • Employer Responsibilities Recognizing the inherent risk(s) in a correctional setting, the Employer is obligated to provide a safe workplace and to educate employees on proper safety procedures and use of protective and safety equipment. The Employer is committed to responding to legitimate safety concerns raised by the Union and employees. The Employer will comply with federal and state safety standards, including requirements relating to first aid training, first aid equipment and the use of protective devices and equipment.