Common use of ORDINARY PAYROLL Clause in Contracts

ORDINARY PAYROLL. If a number of days is specified in the Declarations for Ordinary Payroll, this Coverage is extended to include the Insured’s Ordinary payroll necessary to resume the operations of the insured with the same quality of service which existed immediately preceding the Accident but limited to the specified number of consecutive days following the Commencement of Liability. The Company shall not be liable for more than the Limit of Liability specified in the Declarations for Ordinary Payroll. “Ordinary Payroll” as referred to herein is defined as wages and salaries, except wages and salaries for all officers, department managers, employees under contract and other important employees whose services could not be dispensed with should the business be interrupted or interfered with solely as a result of an Accident.

Appears in 6 contracts

Samples: premiergroup.ca, premiergroup.ca, oceanicunderwriters.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.