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, in the context of expropriation, compensation that takes into consideration the following:

Examples of Fair compensation in a sentence

  • Fair compensation is a matter of judgment and cannot be measured exactly.

  • Fair compensation shall be calculated based on life expectancy tables published by the Office of the Actuary of the Social Security Administration.

  • Fair compensation means the transferred land shall be compensated for at the negotiated market price.

  • Fair compensation, one-time indemnity and ordinary privileged pensions.

  • Fair compensation means the transferred land shall be compensated at negotiated market price.


More Definitions of Fair compensation

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.
Fair compensation means ensuring the pay for employees is set at a level that is both fair and liveable, and provides equal
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 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. It provides a structured way for a company to outline how the various elements of their compensation packages deliver fair compensation to their employees.
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.
Fair compensation means the reasonable charges incurred by the owner of the conveyance system, including capital, operation, maintenance, and replacement costs, and including reasonable credit for any offsetting benefits for the use of the conveyance system.” (CT p. 603.)