Lost Compensation Sample Clauses
The Lost Compensation clause defines how compensation that is lost due to certain events—such as contract termination, project delays, or breaches—is addressed between the parties. Typically, this clause outlines the circumstances under which a party may claim for wages, fees, or benefits that would have been earned if the contract had continued as planned, and may specify calculation methods or limitations on such claims. Its core practical function is to allocate financial risk and provide a clear mechanism for recovering or limiting losses related to compensation, thereby reducing disputes over lost earnings.
Lost Compensation. If any employee for whom a grievance is sustained shall be found to have been improperly reprimanded or improperly deprived of a position, or unjustly discharged, the arbitrator will have authority to reinstate the employee with full reimbursement for all compensation lost.