Compensation for Loss of Life Sample Clauses

Compensation for Loss of Life. 2015-2017
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Compensation for Loss of Life. Death in service benefits as provided in Article 25 of this Agreement shall, unless more favour- able benefits are negotiated be: To the nominated beneficiary Year 2022 - US$ 108,012 Year 2023 - US$ 109,632 To each dependent child (maximum 4 under the age of 18) Year 2022 - US$ 21,603 Year 2023 - US$ 21,927
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Compensation for Loss of Life. 2019-2020
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Compensation for Loss of Life. 1. to immediate next of kin Year 2024: $ 114,018 Year 2025: $ 116,229
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Compensation for Loss of Life. §16 If a Seafarer dies through any cause while in the employment of the Company, traveling to or from the vessel at the request of the Company or its agent, or as a result of marine peril, the Company shall pay the amount equivalent to 1,300 days' his average wages to his immediate next of kin. If a Seafarers dies by a non occupational cause, the Company shall pay the amount equivalent to 1,000 days' his average wages to his immediate next of kin. Funeral Expenses
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Compensation for Loss of Life. In case of death of a seafarer while serving on board or while travelling to or from the vessel on Company's business or due to marine peril, the Company will pay to his immediate next of kin (wife, children or parents in this preferential order) a compensation of USD 92 500. In addition to the above the Company will also pay USD 18 500 to each of the seafarer's children under the age of eighteen, up to a maximum total of USD 74 000. Names of next of kin and children are to be declared at time of signing on.
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Compensation for Loss of Life. 1. to immediate next of kin: US$60,000
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Compensation for Loss of Life death in service: To the spouse/common law partner or the estate ......................................................... USD 90,000
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Related to Compensation for Loss of Life

  • Compensation for Losses Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

  • Compensation for Delay The time allowed for carrying out the work, as entered in the tender form, shall be strictly observed by the contractor and shall be deemed to be the essence of the contract and shall be reckoned from the fifteenth day after the date on which the order to commence the work is issued to the contractor, for a work where completion is up to 6 months For works, for which the completion period is beyond six months: - The period will be reckoned from the thirtieth day after the date on which the order to commence the work is issued to contractor .The work shall throughout the stipulated period of contract be proceeded with all due diligence, keeping in view that time is the essence of the contract. The contractor shall be bound in all cases, in which the time allowed for any work exceeds one month, to complete 1/8th of the whole work before 1/4th of the whole time allowed under the contract has elapsed, 3/8th of the work before 1/2 of such time has elapsed and 3/4th of the work before 3/4th of such time has elapsed. In the event of the contractor failing to comply with the above conditions, the Commissionor/CMO shall levy on the contractor, as compensation an amount equal to: 0.5% (zero point five percent) of the value of work (contract sum) for each week of delay, provided that the total amount of compensation under this provision of the clause shall be limited to 6% (six percent) of the value of work. (Contract sum) Provided further that if the contractor fails to achieve 30% (thirty percent) progress in half (1/2) of original or validly extended period of time (reference clause 5 below) the contract shall stand terminated after due notice to the contractor and his contract finallised, with xxxxxxx money and or security deposit forfeited and levy of further compensation at the rate of 10% of the balance amount of contract left incomplete, either from the bill, and or from available security/performance guarantee or shall be recovered as "Arrears of land revenue". The decision of the Competent Authority in the matter of grant of extension of time only (reference clause 5 below) shall be final, binding and conclusive. But he has no right to change either the rate of compensation or reduce and or condone the period of delay- once such an order is passed by him (on each extension application of the contractor). It shall not be open for a revision. Where the Commissioner/CMO or Competent Authority or Commissioner/CMO as the case may decides that the contractor is liable to pay compensation for not giving proportionate progress under this clause and the compensation is recommended during the intermediate period, such compensation shall be kept in deposit and shall be refunded if the contractor subsequently makes up the progress for the lost time, within the period of contract including extension granted, if any. failing which the compensation amount shall be forfeited in favour of the Nagar Xxxxx/Nagar Palika Parishad/Nagar Panchayat Clause 3 -:Action when the work is left incomplete abandoned or delayed beyond the time limit permitted by the Commissioner/CMO or Competent Authority: -

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