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

  • Project Co acknowledges and agrees that payment by the Hospital of the Interim Reimbursement Payment Amount, the Hospital Final Reimbursement Payment and any Compensation Payment in accordance with this Section 9.1 to Lender or as Lender may direct constitutes payment by the Hospital to Project Co in satisfaction of the Hospital’s obligation to make the Interim Reimbursement Payment Amount and the Hospital Final Reimbursement Payment.

  • MJ declared an interest in 17/64 University of Liverpool Compensation Payment.

  • The Request for Technology Allowance form and a copy of a monthly statement must be attached to the Special Compensation Payment Form.

  • The Contract Documents consist of the following documents which are listed in descending order of precedence: this Contract; exhibits to this Contract, including Exhibit 1 (Statement of Work, Compensation, Payment and Renewal Terms); Exhibit 2 (Insurance Requirements); Exhibit 3 (Certification Statement for Corporation or Independent Contractor); and Exhibit 4 (Workers' Compensation Exemption Certificate).

  • The cost of the PDA must be paid for through a stipend using the HR Special Compensation Payment form.


More Definitions of Compensation Payment

Compensation Payment means a payment by Xxxxxxx to or for the benefit of Executive in the nature of compensation, whether paid or payable pursuant to this Agreement or otherwise.
Compensation Payment has the meaning given in Schedule 7.2 (Payments on Termination);
Compensation Payment means a sum calculated as follows:
Compensation Payment means a payment, including a payment in money’s worth, made—
Compensation Payment shall have the meaning set forth in Section 6(a) of this Agreement.
Compensation Payment shall have the meaning set forth in Section 4.10(d).