Concurrent benefits Sample Clauses
The 'Concurrent benefits' clause defines how benefits or entitlements that arise from multiple sources at the same time are handled within an agreement. In practice, this clause typically clarifies whether a party can claim benefits from more than one source for the same event or circumstance, such as receiving compensation from both an insurance policy and a contractual indemnity. Its core function is to prevent double recovery and ensure that parties do not receive more than their actual loss, thereby allocating risk and maintaining fairness in the distribution of benefits.
Concurrent benefits. 1 If a benefit by virtue of this chapter is paid concurrently with a benefit by virtue of a statutory insurance which is awarded on the grounds of the same illnesses or disabilities as those for which the benefit by virtue of this chapter was awarded, the benefit by virtue of this chapter shall be reduced by the amount of the benefit by virtue of the statutory insurance. 2 If the disability benefit is amended on the grounds of the same illnesses or disabilities as those by reason of which the benefit by virtue of this chapter is awarded or amended, the first paragraph shall apply mutatis mutandis with respect to that amendment.
Concurrent benefits. An employee cannot be compensated for two (2) paid absence benefits concurrently, other than provided for in Section 8.05.
Concurrent benefits. If you would be entitled to claim both the Specific Injuries Benefit and Crisis Benefit, the benefit with the longest pay- ment period will be paid, but not both. While you are entitled to the Specific Injuries Benefit or the Crisis Benefit, it will be paid instead of a Total Disability Benefit, Partial Disability Benefit or a Bed Confinement Benefit. The Home Care Benefit will not be payable while you are receiving the Family Support Benefit, or the Accommodation Benefit.
Concurrent benefits. 1. If a benefit by virtue of this chapter is paid concurrently with a benefit by virtue of a statutory insurance which is awarded on the grounds of the same illnesses or disabilities as those for which the benefit by virtue of this chapter was awarded, the benefit by virtue of this chapter shall be reduced by the amount of the benefit by virtue of the statutory insurance.
2. If the disability benefit is amended on the grounds of the same illnesses or disabilities as those by reason of which the benefit by virtue of this chapter is awarded or amended, the first paragraph shall apply mutatis mutandis with respect to that amendment.
3. The preceding paragraphs shall not apply if the benefit by virtue of a statutory insurance is received by reason of a different job which is performed at the same time as the job for which the employee or the former employee is entitled to a benefit by virtue of this chapter and in so far as that benefit by virtue of a statutory insurance is attributed or can be deemed to be attributed to the income from that other job.