Common use of Compensation from a Third Party Clause in Contracts

Compensation from a Third Party. If an employee due to sickness, accident, assault or similar is entitled to compensa- tion from a third party for loss or impairment of his/her capacity to work, this right shall be transferred to the bank if the compensation is attributable to a period when sick pay or disability benefits are paid and an amount per time unit which corre- sponds to sick pay and the disability benefits during the same time unit. However, this does not apply if there is an entitlement due to voluntary insurance concluded by a salaried employee from his/her own pocket and which is not paid for by the bank. Thus, if the bank has received compensation from a third party, when calcu- lating the time the employee is entitled to sickness benefit, the number of days which corresponds to the sick pay which equals the same amount paid for by the third party must be deducted from the actual number of sick days during the last 12- month period. Employees may not without consent from the bank conclude a settlement which may have an impact on the bank's right in the first paragraph, first sentence, more- over, employees are obliged to submit to the bank the documents and information required to be able to enforce this right.

Compensation from a Third Party. If an employee due to sickness, accident, assault or similar is entitled to compensa- tion compensation from a third party for loss or impairment of his/her capacity to work, this right entitlement shall be transferred to the bank if the compensation is attributable to a period when sick pay or disability benefits are sickness compensation is paid and an amount per time unit which corre- sponds corresponds to sick pay and the disability benefits sickness compensation during the same time unit. However, this does not apply if there is an entitlement due to a voluntary insurance agreement concluded by a salaried employee from for his/her own pocket personal benefit and which is not paid for by the bank. Thus, if the bank has received re- ceived compensation from a third party, when calcu- lating calculating the time the employee is entitled to sickness benefitbenefits, the number of days which corresponds to the sick pay which equals the same amount paid for by the third party must be deducted from the actual number of sick days during the last 12- 12-month period. Employees may not without consent from the bank conclude a settlement which may have an impact on the bank's ’s right in the first paragraph, first sentence, more- over. Moreover, employees are obliged to submit to the bank the documents and information required to be able to enforce en- force this right.

Compensation from a Third Party. If an employee due to sickness, accident, assault or similar is entitled to compensa- tion compensation from a third party for loss or impairment of his/her capacity to work, this right shall be entitlement is transferred to the bank if the compensation is attributable to a period when sick pay or disability benefits sickness compensation are paid and an amount per time unit which corre- sponds corresponds to sick pay and the disability benefits sickness compensation during the same time unit. However, this does not apply if there is an entitlement due to a voluntary insurance agreement concluded by a salaried employee from his/her own pocket and which is not paid for by the bank. Thus, if the bank has received compensation from a third party, when calcu- lating calculating the time the employee is entitled to sickness benefit, the number of days which corresponds to the sick pay which equals the same amount paid for by the third party must be deducted from the actual number of sick days during the last 12- 12-month period. Employees may not without consent from the bank conclude a settlement which may have an impact on the bank's ’s right in the first paragraph, first sentence, more- over. Moreover, employees are obliged to submit to the bank the documents and information required to be able to enforce uphold this right.

Compensation from a Third Party. If an employee due to sickness, accident, assault or similar is entitled to compensa- tion from a third party for loss or impairment of his/her capacity to work, this right shall be enti- tlement is transferred to the bank if the compensation is attributable to a period when sick pay or disability benefits sickness compensation are paid and an amount per time unit which corre- sponds corresponds to sick pay and the disability benefits sickness compensation during the same time unit. However, this does not apply if there is an entitlement due to a voluntary insurance agreement concluded by a salaried employee from his/her own pocket and which is not paid for by the bank. Thus, if the bank has received compensation from a third party, when calcu- lating calculating the time the employee is entitled to sickness benefit, the number of days which corresponds to the sick pay which equals the same amount paid for by the third party must be deducted from the actual number of sick days during the last 12- 12-month period. Employees may not without consent from the bank conclude a settlement which may have an impact on the bank's ’s right in the first paragraph, first sentence, more- . More- over, employees are obliged to submit to the bank the documents and information required to be able to enforce uphold this right.