Compensation awards Clause Samples

Compensation awards i. Any compensation award relating to the following: ▇. ▇▇▇▇▇ union activities, trade union membership or non-membership 2.pregnancy or maternity rights, paternity, parental or adoption rights ▇.▇▇▇▇▇▇ and safety related dismissals brought under section 44 of the Employment Rights Act 1996 4.statutory rights in relation to trustees of occupational pension schemes ii. Non-payment of money due under a contract of employment or a statutory provision iii. Any award ordered because you have failed to provide relevant records to employees under National Minimum Wage legislation iv. Any compensation award or increase in a compensation award relating to failure to comply with a current or previous recommendation made by a tribunal v. A settlement agreed and payable following conciliation under the ACAS Early Conciliation procedure.

Compensation awards. Any compensation award relating to the following:

Compensation awards. DAS will pay: a) any basic and compensatory award; and/or b) an order for compensation following a breach of your statutory duties under employment legislation; in respect of a claim we have accepted under the ‘Employment disputes’ clause provided that: a) in cases relating to performance and/or conduct, you have throughout the employment dispute either: i) followed the ACAS Code of Disciplinary and Grievance Procedures; or ii) followed equivalent codes of practice issued by the labour relations agency in Northern Ireland; iii) sought and followed advice from our legal advice service. b) for an order of compensation following your breach of statutory duty under employment legislation you have at all times sought and followed advice from the DAS legal ad vice service since the date when you should have known about the employment dispute; c) for any compensation award for redundancy or alleged redundancy or unf air selection for redundancy, you have sought and followed advice from the DAS claims department before starting any redundancy process or procedure with your employees; d) the compensation is awarded by a tribunal or through the ACAS Arbitration Scheme, under a judgment made after full argument and otherwise than by consent or default, o r is payable under settlement approved in writing in advance by DAS; and e) the total of the employment compensation awards payable b y DAS shall not exceed £1,000,000 in any one period of insurance. Please see ‘what DAS will not pay’.

Compensation awards. Each participant will be given "Certificates of ------------------- Value" based upon judgments concerning the level of contribution to over- Plan performance. The award(s) will range from 0% to 30% maximum of individual base salary in the form of one thousand dollar certificate units. . Vesting. Vesting will occur over a period of three years of employment after ------- each award date based upon the following example: Vesting 0% 0% 25% 50% 100% Amounts ------- ----------- ------ ------ ------ ------ Year Performance 1/1/92 1/1/93 1/1/94 1/1/95 Year Award 1991 Date Certificates which vest in January of any year will be redeemed by payment at that time. The awards and the income generated by the investment activity will vest over a three-year period, subject to exceptons noted below. The income generated by the investment will be the higher of the income earned by the investment vehicle (defined later) or the income the funds would have earned had they been invested in 30-year Treasury Bills as determined from the 30-year T-▇▇▇▇ index. If the investment in mutual fund or other vehicles produces a loss, the company will pay the original amount of the investment plus a return based on the 30-year T- ▇▇▇▇ index. Awards made in one year ("Award Year") for the business activity in the prior year ("Performance Year") will vest over the next three years. On January 1 ("Award Date") of each year a participant will be 25% vested in the funds paid into the fund on his behalf on January 1 of the prior year, and will be paid that amount through redemption in January. He will be vested in an additional 25% of those funds which were invested two years prior to that Award Date and will be paid that amount through redemption in January. Vesting in the remaining 50% of those funds that were invested three years prior will occur after three years from the Award Date, which will be paid through redemption in January. Retirement or termination of an employee will end his or her participation in the OREO. All vested amounts, plus their accrued earnings, will be paid upon an employee's termination for whatever reason. Unvested amounts of a terminated employee will be forfeited. However, upon retirement of an employee, all vested and unvested amounts and their accrued earnings will be paid as of the date of retirement. Similarly, in the event of the permanent disability or death of an employee, all vested, unvested amounts and their accrued earnings will be paid. Should the Boeh...

Compensation awards. Any Damages that are considered compensation, wages, benefits, or related damages or obligations sought by, awarded to, or as a result of a settlement with an employee, officer, director, trustee, or board member of a Fund Member, including workers’ compensation and disability benefits, social security benefits, employee benefits, and unemployment insurance, whether accrued or not.

Compensation awards. If any portion of a subsequently awarded Workers’ Compensation award covers a period for which an employee has used accrued sick leave, than that proportion of the Workers’ Compensation award shall be credited to restoring a pro rated share to the employee’s sick leave accrual.

Compensation awards