Double Compensation Sample Clauses
The Double Compensation clause prevents a party from receiving more than one form of compensation for the same loss or event under a contract. In practice, this means that if a party is entitled to damages, insurance payouts, or other remedies, they cannot claim multiple payments that cover the same harm or liability. This clause ensures fairness by avoiding overcompensation and helps to allocate risk appropriately between the parties.
Double Compensation. Contractor certifies that it does not receive any kind of salary, compensation or payment for services rendered under a regular job relationship or that it occupies a position in the Commonwealth of Puerto Rico, in any of its departments, municipalities or agencies. Contractor understands that the action of accepting a regular job by any of its agents in any departments, agencies or municipalities under the jurisdiction of the Commonwealth of Puerto Rico will constitute a violation of this contract and will cause the immediate termination of the contract relationship. Contractor certifies that it does not have another contract relationship for its services with any other department, agency, municipality, or instrumentality of the Commonwealth of Puerto Rico. If it has another contract, Contractor certifies that it does not constitute a conflict of interest with this contract.
Double Compensation. In the event of death within 12 (twelve) months of such person or such person’s spouse as a result of the same accident, the company will pay double compensation in respect of A - Death Provided that:
(i) such person has selected cover for A, B and C of this section and the compensation for C is at least 1% (one percent) of A - death
(ii) there is a surviving minor child who is entirely dependent on such person or such person’s spouse
(iii) such person and such person’s spouse and child were at the time of the accident all members of the same household.