Compensation for Injury or Death Sample Clauses

Compensation for Injury or Death. (1) The Company shall pay compensation to a xxxxxx for any injury or death arising from an accident while in the employment of the Company (as referred to in clause 9 of this Agreement), and for this purpose shall effect a 24-hour insurance coverage in accordance with Appendix IV to this Agreement. (2) The personal accident insurance policy which the Company is liable to take up under sub-clause (1) above shall cover injuries howsoever caused to a xxxxxx and regardless of whether the xxxxxx comes within the scope of the Workmen’s Compensation Act or otherwise and includes accidents not arising out of and in the course of employment and accidents arising outside working hours. (3) A xxxxxx shall not be precluded from claiming for compensation under the Workmen’s Compensation Act in the event that the personal accident insurance policy taken up under sub-clause (1) does not cover his claim. (4) A xxxxxx who receives compensation under the Workmen’s Compensation Act shall receive only the difference between the amount paid to him under the Workmen’s Compensation Act and the amount payable under Appendix IV to this Agreement, if the latter amount is higher than the compensation assessed by the Workmen’s Compensation Department. (5) If a xxxxxx dies from natural causes or illness while in the employment of the Company, the Company shall pay fifty percent of the quantum payable for death as shown in Appendix IV to this Agreement to the widow/widower and/or dependants. If the xxxxxx leaves no widow/widower and/or dependants, the aforementioned sum shall be paid to the person or to the body empowered by law or otherwise to administer the estate of the xxxxxx.
Sample 1See All (7)
AutoNDA by SimpleDocs
Compensation for Injury or Death. (1) The Company shall pay compensation to an officer for any injury or death arising from an accident while in the employment of the Company, and for this purpose shall affect a 24-hour insurance coverage in accordance with Appendix IV to this Agreement. (2) Compensation shall be paid as stipulated in sub-clause (1) of this clause for all injuries howsoever caused, regardless of whether or not an officer comes within the scope of the Work Injury Compensation Act and includes accidents arising or not arising out of the course of his or her employment and accidents arising outside the working hours of the injured or dead officer. Such compensation shall be extended for injuries or death arising from other occupational hazards such as war risk, strikes, riot, civil commotion, piracy, kidnap, abduction, terrorism and disappearance. (3) An officer who is outside the scope of the Work Injury Compensation Act shall be entitled to claim for compensation equivalent to that payable under the Work Injury Compensation Act as if he or she is covered by the scope under the Work Injury Compensation Act. (4) An officer who receives compensation under the Work Injury Compensation Act shall be entitled to receive only the difference between the amount paid to him under the Work Injury Compensation Act and the amount payable under Appendix IV, if the latter amount is higher than the compensation assessed by the Work Injury Compensation Department. (5) An officer who suffers temporary incapacity shall be entitled to medical benefits including paid sick leave as stipulated in clause 30 of this Agreement. (6) If an officer dies during service onboard through any case including death from natural causes or death occurring whilst travelling to and from the vessel, or as a result of marine or other similar peril, the company shall pay the maximum compensation for the affected officer as shown in Appendix IV to this agreement. (7) In the event of permanent disability to continue shipboard employment arising from natural causes including sickness or disease in the course of an officer's employment but excluding permanent disability from accidents, the affected officer shall be compensated with 20% of the amount stipulated in Appendix IV to this Agreement.
Sample 1See All (6)
Compensation for Injury or Death. The Company shall pay compensation to an officer for injury or death arising from an accident howsoever caused while in the employment of the Company, including accidents arising outside the working hours of the injured or dead officer in accordance with the compensation payable under the Workmen’s Compensation Act regardless of whether or not the officer comes within the scope of the Workmen’s Compensation Act.
Sample 1

Related to Compensation for Injury or Death

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • Compensation of Executive (a) The Corporation shall pay the Executive as compensation for his services hereunder, in equal semi-monthly or bi-weekly installments during the Term, the sum of $350,000 per annum (as in effect from time to time, the “Base Salary”), less such deductions as shall be required to be withheld by applicable law and regulations. The Corporation shall review the Base Salary on an annual basis and has the right but not the obligation to increase it, but has no right to decrease the Base Salary. (b) In addition to the Base Salary set forth in Section 4(a) above, the Executive shall be entitled to receive an annual cash bonus (“Annual Bonus”) in an amount up to $100,000 if the Corporation meets or exceeds criteria adopted by the Compensation Committee of the Board (the “Compensation Committee”) for earning Bonuses, which criteria shall be adopted by the Compensation Committee annually after consultation with the Executive and which criteria must be reasonably likely to be attainable. Annual Bonuses shall be paid by the Corporation to the Executive promptly after the year end, it being understood that the Compensation Committee’s determinations concerning attainment of any financial targets associated with any bonus determination shall not be determined until following the completion of the Corporation’s annual audit, if any, but in no event later than April 15th of the year following the year for which it is being paid (and if the Executive was employed as of last day of the calendar year to which such Annual Bonus relates, then the Executive shall be entitled to the Annual Bonus for such year, even if he is not employed by the Corporation on the date the Annual Bonus is paid for such last year). The Compensation Committee may provide for lesser or greater percentage Annual Bonus payments for Executive upon achievement of partial or additional criteria established or determined by the Compensation Committee from time to time. For the avoidance of doubt, if Executive is employed upon expiration of the term of this Agreement, he shall be entitled to the Annual Bonus for such last year on a pro-rata basis through the last date of employment, even if he is not employed by the Corporation on the date the Annual Bonus is paid for such last year. In his sole discretion, the Executive may elect to receive such annual bonus in common stock of the Corporation at the basis determined by the Compensation Committee in good faith. (c) The Corporation shall pay or reimburse the Executive for all reasonable out-of-pocket expenses actually incurred or paid by the Executive in the course of his employment, consistent with the Corporation’s policy for reimbursement of expenses from time to time. (d) The Executive shall be entitled to participate in such pension, profit sharing, group insurance, hospitalization, and group health and benefit plans and all other benefits and plans, including perquisites, if any, as the Corporation provides to its senior executives, including group family health insurance coverage, which shall be paid by the Corporation (the “Benefit Plans”). If at any time during the Term, the Corporation does not provide its senior executives with health insurance (including hospitalization) under a Benefit Plan, Executive shall be entitled to secure such health insurance for himself and his immediate family (i.e., spouse and natural born children) and the Corporation shall reimburse Executive for the cost of such insurance promptly after payment by the Executive for such insurance. For the avoidance of doubt, Executive shall be entitled to secure health insurance from high quality companies such as Blue Cross/Blue Shield, United, or Emblem, and the ability to select a no or low deductible plan. If Executive secures such health insurance, such health insurance shall be deemed to be a Benefit Plan hereunder. (e) The Corporation shall execute and deliver in favor of the Executive an indemnification agreement on the same terms and conditions entered into with the other officers and directors of the Corporation. Such agreement shall provide for the indemnification of the Executive for the term of his employment and for a period of at least six (6) years thereafter. The Corporation shall maintain directors’ and officers’ insurance during the Term and for a period of at least six (6) years thereafter. (f) The Corporation shall also maintain (or hire, if applicable) a New York City based executive assistant to assist the Executive with his duties.

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION [Not applicable in School District No. 62 (Sooke)]

  • Compensation of the Executive 3 4. Termination.........................................................................

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Compensation of Managers Except as may be expressly provided for herein or hereafter approved by the Member, no payment will be made by the Company to any Manager for the services of such Manager or any partner or employee of the Manager.

  • Compensation of Directors Directors on the Board shall not be entitled to receive a fee for the director’s services as a director on the Board.

  • ’ Compensation and Employer’s Liability Workers’ Compensation limits as required by the Labor Code of the State of California. Employer’s Liability limits of $1,000,000 per accident for bodily injury or disease.

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!