Compensation Payment definition

Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –
Compensation Payment has the meaning given to it in the Limited Assignment of Construction Contract.
Compensation Payment means either the Default Termination Payment or the Non-Default Termination Sum as defined in Schedule B.

Examples of Compensation Payment in a sentence

  • The Shortfall Period for the Compensation Payment is the number of days by which the notice given falls short of 182 days.

  • Basic Daily Fee $56.87 per day plus Means Tested Care Fees (if any) T.B.A plus Compensation Payment Fee (if any) T.B.A minus Hardship Supplement amount (if any) T.B.A plus Remote Area Amount or Unfunded Place Amount T.B.A Total Care Fees Starting daily amount will be: $56.87 per day You may be offered Additional Services in addition to the Specified Care and Services we provide.

  • For the avoidance of doubt, no double recovery will exist in the calculation of the Unrecovered Payment, Breakage Costs and the calculation of any Compensation Payment or any other payment made and/or to be made by the Authority.


More Definitions of Compensation Payment

Compensation Payment has the meaning given in Schedule 7.2 (Payments on Termination);
Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of a provider to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the provider's contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the provider accepts liability for having caused the loss concerned, but excludes any—
Compensation Payment means a payment by ▇▇▇▇▇▇▇ to or for the benefit of Executive in the nature of compensation, whether paid or payable pursuant to this Agreement or otherwise.
Compensation Payment means a payment, other than a goodwill payment, made by us to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of our contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where we accept liability for having caused the loss concerned. Compensation payment excludes
Compensation Payment shall have the meaning set forth in Section 6(a) of this Agreement.
Compensation Payment means a sum calculated as follows:
Compensation Payment has the meaning given in Clause 46.6;