goodwill payment definition

goodwill 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 as an expression of goodwill aimed at resolving a complaint, where the insurer does not accept liability for any financial loss to the complainant as a result of the matter complained about;

goodwill payment means a payment we make to a complainant as an expression of goodwill aimed at resolving a complaint, but where we do not accept liability for any financial loss to the customer as a result of the matter complained about.

goodwill 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 claimant as an expression of goodwill aimed at resolving a claim, where the insurer does not accept liability for any financial loss to the claimant as a result of the claim having been repudiated;

Examples of goodwill payment in a sentence

• I agree that the Goodwill Payment will vest as follows: 25% of the Goodwill Payment will vest on July 1, 2008, 25% of the Goodwill Payment will vest on October 1, 2008, 25% of the Goodwill Payment will vest on January 1, 2009, and 25% of the Goodwill Payment will vest on April 1, 2009 subject to my continued employment at Maxim on each applicable vesting date.

• In the event of a termination not for Cause of a BLDS Director who does not obtain full payment of his pro rata share of the Goodwill Payment and the Bonus Payment, then the non-solicitation period (for purposes of Section 5.1) and the non-competition period (for purposes of Section 5.2) shall be limited to one (1) year from the date of his termination.

• Each of the Companies, the Shareholders, and spouses of the Shareholders (the "Spouses") acknowledges that Buyer is willing to pay the Purchase Price and Goodwill Payment, commit to the Employment Obligations of Section 8.10, and proceed with the transaction because of customer relationships, growth potential, and other prospects of the Companies, and that such prospects would be severely and irreparably harmed by competition from the Companies or the Shareholders.

• If Maxim terminates my employment without Cause prior to April 1, 2009, then subject to me signing and not revoking a separation agreement and a general release of claims in a form reasonably acceptable to Maxim, I will receive the entire Goodwill Payment within thirty (30) days of the later of (A) date of such termination, or (B) the effective date of the separation agreement and general release of claims.

• The First Goodwill Payment and the Second Goodwill Payment shall be represented by a Second Promissory Note payable to Sellers in the form of the Second Promissory Note attached hereto as Exhibit B ("Second Promissory Note").

More Definitions of goodwill payment

goodwill payment means a payment by an insurer to a complainant as an expression of goodwill aimed at resolving a complaint, where the insurer does not accept liability for any financial loss to the complainant as a result of the matter complained about;

goodwill payment means a payment by NI to a complainant as an expression of goodwill aimed at resolving a complaint, including ex gratia payments, but where no liability for any financial loss to the client as a result of the matter complained about is proven against NI.

goodwill 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 as an expression of goodwill aimed at resolving a complaint, where the provider does not accept liability for any financial loss to the complainant as a result of the matter complained about.

goodwill payment means a payment by an administrator or its service provider to a complainant as an expression of goodwill aimed at resolving a complaint, where the administrator or its service provider does not accept liability for any financial loss to the customer as a result of basis of the complaint;

goodwill payment means a payment by the company to a complainant as an expression of goodwill aimed at resolving a complaint, but where the company does not accept liability for any financial loss to the customer as a result of the matter complained about.

goodwill payment means a payment by a retirement fund, employer or service provider to a complainant as an expression of goodwill aimed at resolving a complaint, where the retirement fund, employer or service provider does not accept liability for any financial loss to the customer as a result of basis of the complaint.

goodwill payment means the complainant is not covered in terms of the policy, but a payment is made by the insurer with the aim of resolving the complaint. The insurer makes such a payment without accepting liability for any financial loss to the complainant.