Consolation Benefit Clause Samples

A Consolation Benefit clause provides a financial payment or benefit to a party, typically in the event that a primary benefit or outcome is not achieved. For example, if an insurance policy does not pay out the main claim due to certain exclusions, a smaller consolation payment may be made to the policyholder. This clause serves to partially compensate the affected party, helping to mitigate disappointment or financial loss when the main objective of the agreement cannot be fulfilled.
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Consolation Benefit. In the event of the Insured Person suffers loss of life during the Covered Trip resulting from Accident or Sickness, the Company will pay the Amount of Benefit stated in the Schedule.
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Consolation Benefit. In the event of the Insured Person deceases during the Covered Trip resulting from Accidental Injury or sudden Illness, We will pay the Amount of Benefit stated in the Schedule.
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Consolation Benefit. In the event of the Insured suffers loss of life during a Covered Trip resulting from Accident or Sickness, the Company will pay the benefit amount MOP20,000 for Prestige Plan or MOP10,000 for Express Plan. This Coverage does not apply to Insured under 16 or over 75 years of age.
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Related to Consolation Benefit

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Public Benefit It is ▇▇▇▇▇▇▇'s understanding that the commitments it has agreed to herein, and actions to be taken by Praeger under this Settlement Agreement confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of ▇▇▇▇▇▇▇ that to the extent any other private party serves a notice and/or initiates an action alleging a violation of Proposition 65 with respect to Praeger's alleged failure to provide a warning concerning actual or alleged exposure to cadmium prior to use of the Covered Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Covered Products addressed in this Settlement Agreement, provided that Praeger is in material compliance with this Settlement Agreement.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)