Fair compensation definition

Fair compensation means the reasonable charges incurred by the owner of the conveyance system, including capital, operation, maintenance, and replacement costs, increased costs from any necessitated purchase of supplemental power, and including reasonable credit for any offsetting benefits for the use of the conveyance system.
Fair compensation means compensation as that term is generally applied in respect of a taking by the government of British Columbia, and must be based on
Fair compensation means ensuring the pay for employees is set at a level that is both fair and liveable, and provides equal pay for equal work. A Framework for Fair Compensation covers the overall compensation process (although it does not in itself form part of any contract with employees). It provides a structured way for a company to outline how the various elements of its compensation packages deliver fair compensation to its employees.

Examples of Fair compensation in a sentence

  • Some of the outcomes I would consider include:- Financial security for life;- Best possible health care;- Fair compensation for pain and suffering;- A successful transition to a new job or to the best possiblequality of life if unable to work;- A simplified Veteran-centric service delivery with timely decisions.”- Guy Parent, Veterans OmbudsmanDuring this past year, I have had many opportunities to brief Parliamentarians both individually and through Committees.

  • Fair compensation for purposes of this Act is defined as such additional amounts as are nec- essary to effect payment of fair market value at the time of acquisition, if it is determined that, as a result of duress, unfair influence, or other unconscionable actions, fair market value was not paid.


More Definitions of Fair compensation

Fair compensation means, in the context of expropriation, compensation that takes into consideration the following:
Fair compensation means ensuring the pay for employees is set at a level that is both fair and liveable and provides equal pay for equal work.
Fair compensation means an amount not less than ninety percent of the
Fair compensation. , means the fair market value of the assets nationalized or expropriated, determined on a standard which assumes that that the transaction took place at arm’s-length, with the act of nationalization given no weight. Any dispute concerning the determination of the compensation may be submitted to arbitration as set forth in Article 49 of this law.
Fair compensation as used in this Agreement shall mean an amount, in U.S. dollars, to be determined by a qualified valuation expert who is mutually agreed upon by the Licensor and Licensee, and if not mutually agreed upon, then by Licensor and Licensee each selecting their own valuation expert, who together select a third valuation expert to do the valuation. Licensee and Licensor will use commercially reasonable efforts to complete the valuation within three months following any Assignment Option Event, and Licensee shall have one month from the date of the completion of the valuation to exercise this option by paying Fair Compensation to Licensor.

Related to Fair compensation

  • Fair Wages means wages whether for time or piecework fixed and notified under the provisions of the minimum Wages Act from time to time.

  • Fair Wage means wages, which shall include wages for weekly day of rest and other allowances, whether for time or piece work, after taking into consideration prevailing market rates for similar employments in the neighborhood but shall not be less than the minimum rates of wages fixed under the minimum Wages Act.

  • Compensation means all base straight time gross earnings and commissions, but exclusive of payments for overtime, shift premium, incentive compensation, incentive payments, bonuses and other compensation.

  • Additional Compensation Default Interest and late payment fees (after all payments pursuant to Section 3.4(c)(iv) and 3.4(c)(v)), Assumption Fees, Assumption Application Fees, substitution fees, release fees (including, without limitation, any fees payable in connection with a defeasance), Modification Fees, consent fees, amounts collected for checks returned for insufficient funds, charges for beneficiary statements or demands, other loan processing fees, review fees and similar fees and expenses to which the Servicer and the Special Servicer, as applicable, is entitled (to the extent permitted by (or not otherwise prohibited by) and specifically allocated to such amounts in accordance with the terms of the Mortgage Loan Documents or pursuant to this Agreement and any income earned (net of losses (subject to Section 3.8(b)) on the investment of funds deposited in the Collection Account, any Foreclosed Property Account and any Reserve Account pursuant to Section 3.8 of this Agreement.