Insurance and Compensation Sample Clauses

Insurance and Compensation. 1. When the borrower or driver assumes the liability under paragraph 1 of the preceding article, the insurance policy or compensation under the following limit shall be settled by the insurance policy or damage compensation mutual agreement concluded by the Company for the rental car or the compensation system determined by the Company Money will be paid.
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Insurance and Compensation. If an employee demonstrably suffers damage to ordinary, necessary clothing or personal items, such as a wrist-watch, spectacles, etc., in the course of his work, compensation shall be paid for this in accordance with an assessment of the value involved. Compensation will only be paid for damage of this type if it occurs as a result of an accident at the workplace. Compensation will not be paid for such damage if it occurs as a result of negligence or carelessness on the part of the employee.
Insurance and Compensation. 5.1. Save in the respect of death or personal injury the Client shall look only to the Company (and not to the Individual) for redress if the Client considers that there has been any breach of this Agreement. The Client agrees not to pursue any claims in contract delict or statute (including negligence) against any Individual as a result of carrying out its obligations under or in connection with the Agreement at any time whether named expressly in this Agreement or not.
Insurance and Compensation. 11.1. Party B shall purchase and maintain effective property insurance, third party liability insurance and equipment damage insurance for the insurance company from the equipment and property purchased by Party B within the leased premises after the delivery of the leased premises and during the lease period.
Insurance and Compensation. If the renter or the driver is liable for damages specified in the first paragraph of Article 28, insurance money up to the following limits shall be paid from the casualty insurance contract concluded by the Company for the rental car or other compensation schemes specified by the Company, unless such damages fall under an exemption in the insurance policy conditions.
Insurance and Compensation. Basic Moving will maintain insurance of all vehicles being deployed under this contract and upon request will furnish proof of such insurance to XXXXX. Basic Moving, at its sole cost and expense, must maintain the insurance coverage in the minimum limits detailed in this solicitation. The contractor will maintain Commercial General Liability insurance, written on an “occurrence” basis and not a “Claims made” basis, protecting against all liability for bodily injury, death, personal injury and property damage, in an amount not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) in the aggregate for any policy year, and designating itself as “named insured” and the City of NewYork, including its officials and employees, as “additional insured.” Basic Moving will maintain automobile insurance that shall insure against (i) bodily injury liability, (ii) uninsured motorists coverage, (iii) medical payments, no-fault or personal injury protection coverage, (iv) property damage liability with limits as reasonably designated by the City from time to time but in any event with limits of not less than One Million Dollars ($1,000,000) combined single limit per occurrence with respect to personal and bodily injury, death and property damage and which shall designate the City as additional insured and loss payee.
Insurance and Compensation. (a) If a Second Creditor has a right under the Second Securities or the Second Facility Agreement to:
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Insurance and Compensation. 1. If you are liable under Article 28, paragraph 1, the insurance or compensation within the following limit shall be paid by according to the non-life insurance contact signed by the company or the compensation system established by the company. Money will be paid. ① Unlimited for body injury ② Unlimited for property damage (deductible 200,000 yen) ③ Market price for vehicle compensation (deductible 200,000 yen) ④ Personal injury compensation: 50 million yen per person in case of death or residual disorder

Related to Insurance and Compensation

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Expenses and Compensation Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.45% of the average daily net assets of the Account.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Management Fees and Compensation No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, pay any management, consulting or similar fees to any Affiliate of any Credit Party or to any officer, director or employee of any Credit Party or any Affiliate of any Credit Party except:

  • Other Compensation and Benefits Except as may be provided under this Agreement,

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