Compensation for permanent disability Sample Clauses

Compensation for permanent disability. Compensation for permanent disability is paid in proportion to the medical consequences of the accident. Permanent disability is assessed based on a scale published by the Disability Evaluation Committee, considering the claimant's health once it has stabilized. The base amount for disability compensation is ISK 24,538,641. Compensation is calculated as follows: for each disability point from 1–25, ISK 245,386 is paid; for each point from 26–50, ISK 490,773 is paid; for each point from 50–100, ISK 981,546 is paid. Full compensation for 100% permanent disability is ISK 67,481,263. Disability compensation is also adjusted based on the claimant’s age at the time of the accident, with a 2% reduction for each year over 50 years old. After the age of 70, the reduction is 5% per year, but the total reduction will never exceed 90%.

Compensation for permanent disability. Compensation for permanent disability will be paid in proportion to the insurance sum of ISK 6,109,306 in such a way that each point of disability rating from 26% to 50% shall have double weighting and each point of disability rating from 51% to 100% shall have quadruple weighting. Compensation for 100% disability is therefore ISK 17,045,344.

Compensation for permanent disability. (1) A seafarer who suffers permanent disability as a result of an accident whilst in the employment of the Company regardless of fault, including accidents occurring while travelling to or from the ship, and whose ability to work as a seafarer is reduced as a result thereof, shall in addition to sick pay, be entitled to compensation according to the provisions of this Agreement. (2) The disability suffered by the seafarer shall be determined by a doctor appointed by the Company. If a doctor appointed by or on behalf of a seafarer disagrees with the assessment, a third doctor may be nominated jointly between the Company and the seafarer and the decision of this doctor shall be final and binding, on both parties. (3) The Company shall provide disability compensation to the seafarer in accordance with the following table, with any differences, including less than 10% disability, to be pro rata: Degree of Disability Rate of Compensation (US$) Ratings Junior Officers Senior Officers * 100% 114,018 152,022 190,027 75% 85,512 114,017 142,520 60% 68,411 91,213 114,017 50% 57,009 76,012 95,014 40% 45,607 60,810 76,012 30% 34,206 45,606 57,009 20% 22,805 30,404 38,008 10% 11,403 15,203 19,003 Degree of Disability Rate of Compensation (US$) Ratings Junior Officers Senior Officers * 100% 116,299 155,063 193,828 75% 87,223 116,298 145,371 60% 69,780 93,038 116,298 50% 58,150 77,533 96,915 40% 46,520 62,027 77,533 30% 34,891 46,519 58,150 20% 23,262 31,013 38,769 10% 11,632 15,508 19,384 (4) A seafarer whose disability, in accordance with paragraph 2(2) above is assessed at 50% or more shall for the purpose of this paragraph, be regarded as permanently unfit for further sea service in any capacity and be entitled to 100% compensation. Furthermore, any seafarer assessed at less than 50% disability but certified as permanently unfit for further sea service in any capacity by the company-nominated doctor, shall also be entitled to 100% compensation. Any disagreement as to entitlement under this clause shall be resolved in accordance with the procedures set out in paragraph 2(2) above. (5) The Company in discharging its responsibilities to provide for safe and decent working conditions, should have effective arrangements for the payment of compensation for personal injury. When a valid claim arises, payment should be made promptly and in full, and there should be no pressure by the Company or by the representative of the insurers for a payment less than the contractual amou...

Compensation for permanent disability. If an accident causes temporary disability, the insurance shall pay per diem in proportion to the loss of ability to work, starting 4 weeks from the time that the accident happened and until the employee is able to work after the accident, or until disability assessment has taken place, but for no longer than 37 weeks. Per diem payments for temporary disability are ISK 43,648 per week. If an employee is partly able to work, per diem is paid proportionately. Per diem from the insurance is paid to the employer while the employee is paid wages pursuant to the collective agreement or employment contract and then subsequently to the employee.

Compensation for permanent disability. Compensation for permanent disability is paid in proportion to the compensation sum ISK 4,363,636 with the adjustment that each disability step 26% - 50% has a double effect and each disability step from 51% - 100% has a quadruple effect. Compensation for 100% disability is thus ISK 12,000,000.

Compensation for permanent disability. Compensation for permanent disability is paid in proportion to the medical consequences of the accident. Permanent disability is assessed based on a scale published by the Disability Evaluation Committee, considering the claimant's health once it has stabilized. The base amount for disability compensation is ISK 24,538,641. Compensation is calculated as follows: for each disability point from 1–25, ISK 245,386 is paid; for each point from 26–50, ISK 490,773 is paid; for each point from 50–100, ISK 981,546 is paid. Full compensation for 100% permanent disability is ISK 67,481,263. Disability compensation is also adjusted based on the claimant’s age at the time of the accident, with a 2% reduction for each year over 50 years old. After the age of 70, the reduction is 5% per year, but the total reduction will never exceed 90%.