Compensation and Awards Clause Samples
The Compensation and Awards clause defines the terms under which individuals or entities are remunerated or recognized for their contributions or achievements within an agreement. It typically outlines the types of compensation, such as salary, bonuses, or other financial incentives, as well as the criteria and process for granting awards or recognition. This clause ensures that all parties have a clear understanding of how and when compensation or awards will be provided, thereby preventing disputes and promoting fairness in the distribution of rewards.
Compensation and Awards. All compensation awarded for any taking of the fee and the leasehold, or any part thereof, shall belong to and be the property of the Landlord. Tenant hereby assigns to the Landlord all right, title and interest of Tenant in and to any award made for leasehold damages and/or diminution in the value of Tenant's leasehold estate. Tenant shall have the right to claim such compensation as may be separately awarded or allocated by reason of the cost or loss to which Tenant might be put in removing ▇▇▇▇▇▇'s merchandise, fixtures, leasehold improvements and equipment. Compensation as used in this Section shall mean any award given to the Landlord for such taking in excess of, and free and clear of, all prior claims of the holders of any mortgages or other security interests.
Compensation and Awards. All compensation awarded for any taking of the fee and the leasehold, or any part thereof, shall belong to and be the property of Landlord. Tenant hereby assigns to Landlord all right, title and interest of Tena▇▇ ▇▇ and to any award made for leasehold damages and/or
Compensation and Awards. All compensation awarded for any taking of the fee and the leasehold, or any part thereof, shall belong to and be the property of Landlord. Tenant hereby assigns to Landlord all right, title and interest of Tenant in and to any award made for leasehold damages and/or diminution in the value of Tenant's leasehold estate. Tenant shall have the right to claim such compensation as may be separately awarded or allocated by reason of Tenant's merchandise, fixtures, leasehold improvements and equipment. Compensation as used in this Section shall mean any award given to Landlord for such taking in excess of, and free and clear of, all prior claims of the holders of any mortgages or other security interests.
Compensation and Awards. All compensation awarded for any taking of the fee and the leasehold, or any part thereof, will belong to and be the property of Landlord. Tenant hereby assigns to the Landlord all right, title and interest of Tenant in and to any award made for leasehold damages and/or diminution in the value of Tenant's leasehold estate. Tenant may claim all compensation as may be separately awarded or allocated including without limitation relocation costs and the value of Tenant's leasehold improvements. Compensation as used in this section means any award given to the Landlord for such taking in excess of, and free and clear of, all prior claims of the holders of any mortgages or other security interests.
Compensation and Awards. All compensation awarded for any taking of the fee and the leasehold, or any part thereof, shall belong to and be the property of Landlord. Tenant hereby assigns to Landlord all right, title and interest of Tenant in and to any award made for leasehold damages and/or diminution in the value of Tenant's leasehold estate. Tenant shall have the right to claim such other compensation as may be separately awarded or allocated by reason, of the cost or loss suffered by Tenant provided that the award to Tenant does not reduce the amount otherwise payable to Landlord. Compensation as used in this Section shall mean any award given to Landlord for such taking in excess of, and free and clear of, all prior claims of the holders of any mortgages or other security interests.