Loss of income definition

Loss of income means the income your business could reasonably be expected to have earned during the period of restoration if no covered property loss had occurred less any income your business actually earned. Loss of income does not include charges and expenses which do not necessarily continue during the time of interruption. Coverage also applies to expenses you incur to reduce loss of income, however, only to the extent that they actually reduce your loss of income.

Loss of income means the lesser of the:

Loss of income means the Salary applicable for the ordinary hours of work normally undertaken by the Employee but shall not include payment for additional hours of work or payment at Overtime rates; v “Proof of current registration” shall be a letter from the relevant service stating the employee’s name and membership number.

Examples of Loss of income in a sentence

• Loss of income and assets will be compensated on a net basis without tax, depreciation or any other deduction.

• Loss of income will be compensated through short-term financial compensation equivalent to the loss, i.e. for the period of interruption of business or employment.

• Loss of income paid to a Player via an insurance policy obtained by the Club shall not be a Player Payment and is not included in the calculation of the Club’s Player Payments.

• Loss of income – total annual revenue: £   Loss of gross profit – amount insured: £   Indemnity period (months) 12 18 24 36 b.

• Loss of income was determined by the Land Valuation Division and added to the total compensation of the PAPs. The loss of income ranges from loss of income from crops and income from business of PAPs. The business profit of the PAPs over the period of construction of specific sub projects and the loss of income from the destruction of crops were used.

More Definitions of Loss of income

Loss of income means gross income actually lost by a victim

Loss of income shall be computed as 20% of the total amount for unfinished work performed by Customer or any third party service DL Restcon. Customer agrees to provide, within ten (10) days, copies of all pricing, bills, receipts and/or invoicing from any and all third parties upon written request by DL Restcon. Further, Customer agrees to provide a full and complete release of any liability related to any work that was cancelled prior to completion.

Loss of income means income the insured would have earned but for the injuries received in the auto accident, less any income actually earned from employment during the period the insured is recovering from bodily injuries caused by an auto accident.

Loss of income means the difference between:

Loss of income means the Salary applicable for the ordinary hours of work normally undertaken by the Employee but shall not include payment for additional hours of work or payment at Overtime rates;

Loss of income means the income your business could reasonably be expected to have earned if no covered property loss had occurred less any income your business actually earned. Loss of income does not include charges and expenses which do not necessarily continue during the time of interruption. Coverage also applies to expenses you incur to reduce loss of income, however, only to the extent that they actually reduce your loss of income. WHAT WE PAY FORWe pay up to the Amount of Insurance shown above for loss of income due to accidental direct physical loss or damage to the premises of a dependent property resulting from a covered cause of loss. The dependent property must be in the coverage territory of the United States. Loss Of Income From Dependent Property coverage:1. Commences 72 hours from the time when accidental direct physical loss or damage results from a covered cause of loss at the dependent property;2. Ends on the date when the loss or damage at the dependent property should be repaired, rebuilt or replaced with reasonable speed with like kind and quality materials; and

Loss of income means a reduction of rental income (for any reason, including, but not limited to, the expiration of any Lease or other agreement) payable with respect to one or more particular parcels of real property that constitute the Property and are covered by a particular mortgage, if such reduction would result in such parcels or parcels having rental income of less than 50% of the rental income that was payable pursuant to the Leases or other agreements for such parcel or parcels immediately prior to such reduction.