Third-Party Compensation Sample Clauses
The Third-Party Compensation clause establishes the terms under which one party may be required to compensate a third party for losses, damages, or liabilities arising from the contract. Typically, this clause outlines the circumstances in which such compensation is triggered, such as when a third party suffers harm due to the actions or omissions of one of the contracting parties. For example, if a subcontractor is injured while performing work under the contract, the responsible party may be obligated to cover the resulting costs. The core function of this clause is to allocate financial responsibility for third-party claims, thereby protecting the parties from unexpected liabilities and clarifying who bears the risk in such situations.
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Third-Party Compensation. In the event that the Seller has paid to the Purchaser a sum as a result of a Claim and, subsequently, the Purchaser obtains at any time payment from any third party (including but not limited to Social Security or any other administrative authority) in relation to such Claim, the Purchaser must reimburse to the Seller the amount previously paid to the Purchaser within the following ten (10) Business Days, up to the amount paid by such third party, excluding any Damages incurred by the Purchaser in recovering such amount from the third party.
Third-Party Compensation. If Licensee permits its Equipment to be overlashed by a third party for compensation, the total compensation payable from the third party shall be paid directly to the Pole Owner by the third party.
Third-Party Compensation. CPTS may receive compensation from third party product providers.
Third-Party Compensation. If a regular employee receives compensation from a third party or government agency for lost work time for which the employee has been compensated under this Article, the employee shall reimburse the company for all sums paid by the company for the lost work time for which such third party or government agency has paid, up to the amount received from said third party or government agency. A regular employee who is eligible for such compensation agrees to exercise reasonable efforts to collect from such third party or government agency.
Third-Party Compensation. Where the Corporation is liable to pay a claim under this Contract, but the Insured has been compensated for the loss by another Person, the Corporation may deduct the net amount of such third-party compensation, after deducting the costs of recovering such compensation, from the amount of the indemnity otherwise payable by the Corporation under this Contract.
Third-Party Compensation. Compensation payable by third parties for the use of poles shall be collected and retained by the Owner.
Third-Party Compensation. Permit the payment of any Compensation to any officer, director, shareholder or Affiliate of Borrower in excess of the fair market value of such service.
Third-Party Compensation. Other than as set forth in the Statement of Work, Management Company shall not accept fees, commissions, rebates, hotel points, incentives or any other perquisites from third parties in connection with any event listed in the Statement of Work (each, the “Event”). Management Company is not eligible to receive reward points, in relation to any Event, from hotels or other third parties contracted or paid for by IEEE. Other than as set forth in the Statement of Work, Management Company shall not pay any fees, commissions, rebates or similar payments to third parties in connection with any Event.
Third-Party Compensation. If Licensee permits its Equipment to be overlashed by a third party for compensation, the total compensation payable from the third party shall be paid directly to CenturyLink by the third party.
Third-Party Compensation. Compensated hours, as used in this Article, shall not include third party compensation, such as disability pay, workers' compensation, or any other source not paid di rectly to the employee by the Employer.