Compensation Award Sample Clauses
The Compensation Award clause defines the terms under which a party is entitled to receive monetary compensation as a result of a dispute, breach, or other specified event. Typically, this clause outlines the process for determining the amount of compensation, the criteria for eligibility, and the timeline for payment. For example, it may specify that compensation is awarded following arbitration or litigation, and detail how damages are calculated. Its core practical function is to provide a clear mechanism for resolving financial claims, ensuring that parties understand their rights and obligations regarding compensation in the event of a loss or breach.
Compensation Award. If either the Shreveport Premises or the Monroe Premises (or both) shall be taken by Expropriation, this Lease shall terminate as of the date of such taking, in which event, Lessor shall retain all compensation awarded or paid upon any such taking of the Leased Premises. If any part of the Leased Premises shall be taken by Expropriation, rendering the remaining portion unsuitable for the business of Lessee, Lessee shall have the option to terminate this Lease. If the Lease is not terminated as provided in this Section 8.05, then the Rent shall be abated for the balance of the Term remaining in proportion to the portion of the Leased Premises so taken, unless Lessor, at its sole option, restores the remaining portion of the Leased Premises to a complete architectural unit of substantially like quality and character as existed prior to such taking or conveyance. Notwithstanding anything to the contrary contained herein, all compensation awarded or paid upon a total or partial Expropriation of the Leased Premises shall belong to and be the property of Lessor without any participation by Lessee, except that Lessee shall have the right to receive and shall be paid a portion of the award to the extent of the replacement cost of Lessee's leasehold improvements approved by Lessor and the Division as provided herein. Lessee shall provide all evidence and documentation to support such allocation at its sole cost and expense, if a separate award can be made to Lessee. Lessee shall have the right to enter a separate claim against the condemning authority, in which event Lessee shall not participate in Lessor's award; provided, however, that no such separate claim by Lessee shall reduce any compensation or award to be made to Lessor.
Compensation Award. If the Demised Premises or any part thereof shall be taken or threatened to be taken by any governmental or quasi-governmental authority pursuant to the power of eminent domain, or by deed in lieu thereof, Tenant agrees to make no claim for compensation in the proceedings, and hereby assigns to Landlord any rights which Tenant may have to any portion of any award made as a result of any such taking, and this Lease shall terminate as to the portion of the Demised Premises actually taken by the condemning authority and Monthly Base Rent and Additional Rent shall be adjusted to such date. The foregoing notwithstanding, Tenant shall be entitled to claim in the condemnation proceedings, such awards as may be allowed for its relocation expenses and for movable trade fixtures installed by it which shall not, under the terms of this Lease, be or become the property of Landlord at the termination or expiration hereof, but only if such awards shall be made by the condemnation court in addition to and stated separately from the award made by it for the Land and the Building or part thereof so taken. In no event shall Tenant be entitled to any award for the unexpired portion of the Term of this Lease.
Compensation Award. An employee prevented from performing his regular work with the Corporation due to an occupational accident that is recognized by the Workers' Compensation Board as compensable within the meaning of the Compensation Act, shall receive his regular salary from the Corpo- ration for a period of nine (9) months for the same compensable accident, after which time the employee's Sick Leave Credits shall be uti- lized in making up any difference between the Workers' Compensation Board payments and his regular pay. Such payments by the Corpora- tion shall continue only while the employee is receiving temporary disability compensation from the Board and shall terminate at such time as the employee's Sick Leave is exhausted, or an award for permanent total disability or per- manent partial disability is made to the employee by the Board, or when the employee returns to active employment, whichever should occur first. In consideration of the forego- ing, the employee shall turn over to the Corpora- tion all temporary disability compensation payments received from the Workers' Compen- sation Board. An employee receiving temporary or permanent disability benefits from the Workers' Compensa- tion Board in consideration of an illness or sustained while employed by the employer shall have the right to reclaim the job being performed at the onset of disability or if this job is no longer available a comparable job at a comparable rate of pay. Such employees shall also be entitled to have their participation continued in the Employer’s Group Benefit Plans as set out in Article hereto. The employees entitlement to the privileges set forth in this clause shall be limited to a period of thirty- six (36) months from the onset of disabili- ty. Should the employee be unable to resume regular duties prior to the expiration of the thirty-six (36)month period employ- ment and participation in the Employee Group Benefit Plans will be terminated. Notwithstanding the above the parties acknowl- edge their mutual obligation not to discriminate against any person with a handicap, as defined in the Ontario Human Rights Code, as amended.
Compensation Award. 25.01 Any employee prevented from performing his/her regular work with the Corporation on account of an occupational accident that is recognized by the Workplace Safety and Insurance Board as compensable within the meaning of the Workplace Safety and Insurance Act, and has accumulative sick leave credits, shall receive a full salary from the Corporation. One and one half (1 ½) out of every ten (10) days of absence of said employee shall be deducted from the employee’s sick leave. Any monies received by the employee from the Compensation Board shall be paid directly to the Corporation.
Compensation Award. In the event the Premises or any part thereof shall be permanently taken or condemned or transferred by agreement in lieu of condemnation for any public or quasi-public purpose by any competent authority, whether or not this Lease shall be terminated, the compensation aware therefor as to the land and permanent structures, including the reversion interest shall belong to the then owner of the Premises. Lessee may, either with Lessor or independently, present and collect a compensation aware for its leasehold interest, relocation expenses, fixtures, and other equipment installed by it in the Premises.
Compensation Award. 45 19.2 TERMINATION...........................................................................45 20. DEFAULTS; LANDLORD'S REMEDIES..................................................................46 20.1
Compensation Award. 21.01 If an employee is absent from work as a result of a compensable injury or illness for which the employee is granted an award by the Workplace Safety and Insurance Board for a period of temporary total disability, the employee shall receive a full salary from the Corporation, providing the employee has a sick leave bank. Any monies received by the employee from the Workplace Safety and Insurance Board shall be paid directly to the Corporation. One and one- half (1 ½ ) days out of every ten (10) days of absence shall be deducted from the employee’s sick leave, otherwise the employee shall receive only those amounts paid by the Workplace Safety and Insurance Board. Top up will be at the employee’s option even if sick days are available.
21.02 Where an employee is absent as the result of an injury or illness sustained at work and the employee has made application for compensation the Corporation will pay the employee their normal rate of pay in accordance with their entitlement under Article 18 (Short Term Disability). If the claim has not been approved by the Workplace Safety and Insurance Board at the exhaustion of the employee's entitlement under the Short Term Disability Plan, the employee may apply for Long Term Disability as described in Schedule A. If the claim is subsequently approved, Article 18.02 (e) shall apply.