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

• Compensation: Payment for completed supplies delivered and accepted by the city shall be at the contract price.

• Prompt payment by the State is contingent on the Contractor’s invoices showing the amount owed by the State minus any holdback amount to be retained by the State, pursuant to §1.6, Compensation Payment, §2.073 Liquidated Damages.

• Compensation: Payment for completed supplies delivered and accepted by the City shall be at the contract price.

• Either Hospital or Project Co may dispute the calculation of any Compensation Payment and in the event of a dispute then any undisputed amount shall be paid in accordance with this Schedule B and the disputed amount shall be dealt with in accordance with Schedule C - Dispute Resolution Procedure to the Limited Assignment of Construction Contract.

• Compensation: Payment for completed services delivered and accepted by the City shall be at the contract price.

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 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) to this Agreement.

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 has the meaning given in Clause 46.6;

Compensation Payment means a sum calculated as follows: