REDEPLOYMENT EXPENSES Clause Samples

REDEPLOYMENT EXPENSES. The insurance under this item covers expenditure reasonably incurred by the Insured in the necessary relocation of employees where as a result of the Damage, the Insured elects to permanently redeploy employees at any alternative sites. The insured expenses will include all such expenses as the Insured would normally incur or reimburse to employees when transferring employees and their families to different places of permanent residence for the purpose of the Business. Standard Business Interruption Policy Clauses BI01 Accumulated Stocks In adjusting any claim, account shall be taken and an equitable allowance made for any loss suffered by the Insured after the end of the Indemnity Period because stocks have been used to maintain Turnover during the Indemnity Period. BI02 Acts of Civil Authorities This policy covers loss resulting from any action of any lawfully constituted civil authority consequent upon: (a) Damage to any property whatsoever; (b) Bodily injury, murder or suicide to or of any person in the vicinity of premises that are owned, occupied or used by the Insured; (c) Defects in drains and other sanitary arrangements; (d) The escape of fumes, gases, toxic chemicals or any hazardous material; Such loss shall be deemed to be resulting from Damage to property used by the Insured at the Premises for the purposes of the Business. This clause does not cover loss resulting from any action of any lawfully constituted civil authority consequent upon any Communicable Disease, or fear or threat (whether actual or perceived) of a Communicable Disease. Under this clause, Communicable Disease means any: (a) physical distress, illness, or disease caused or transmitted directly or indirectly by any virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, and regardless of the means of transmission; or (b) any virus, bacterium, parasite or other organism or any variation thereof, whether deemed living or not, which is capable of causing physical distress, illness or disease. The maximum liability of the Insurer is the lesser of 10% of the Business Interruption sum insured or $500,000. BI03 Adjustment of Premium If the premium for this policy has been calculated based on estimated figures, then the premium is a provisional premium for the Period of Insurance and subject to adjustment as follows: (a) Within 6 months of the expiry of the Period of Insurance, the premium will be recalculated using the actual figures based...
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REDEPLOYMENT EXPENSES. The insurance under this item covers expenditure reasonably incurred by the Insured in the necessary relocation of employees where as a result of the Damage, the Insured elects to permanently redeploy employees at any alternative sites. The insured expenses will include all such expenses as the Insured would normally incur or reimburse to employees when transferring employees and their families to different places of permanent residence for the purpose of the Business. Standard Business Interruption Policy Clauses These clauses form part of and are incorporated into the policy. BI01 Accumulated Stocks In adjusting any claim, account shall be taken and an equitable allowance made for any loss suffered by the Insured after the end of the Indemnity Period because stocks have been used to maintain Turnover during the Indemnity Period. BI02 Adjustment of Premium If the premium for this policy has been calculated based on estimated figures, then the premium is a provisional premium for the Period of Insurance and subject to adjustment as follows: (a) Within 6 months of the expiry of the Period of Insurance, the premium will be recalculated using the actual figures based on the Insured's financial year most nearly concurrent with the Period of Insurance (as certified by the Insured's auditors). (b) The difference between the actual and the provisional premiums will either be payable as an adjustment to the Insurer or a refund payment to the Insured depending on the result of the recalculation. Any refund to the Insured is limited to a maximum of 50% of the provisional premium paid. BI03 Alternative Index Adjustment of a claim under this policy may be based on Turnover, Output or any other indices of business activity that afford the most equitable result. Output means the sale value and/or internal transfer value of finished goods and/or partially processed materials or goods. BI04 Contractual and Legal Commitments This policy covers any amounts the Insured becomes contractually or legally liable to pay in consequence of Damage, including related legal costs. Any recoveries received or receivable by the Insured in respect of such commitments shall be deducted from the amount payable. The Insurer’s liability under this clause will not exceed the lesser of the Gross Profit, Gross Revenue, or Gross Rentals and Management Fees sums insured or the amount specified in the Policy Schedule. BI05 Customers and / or Suppliers Premises This policy covers interruption to or ...
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Related to REDEPLOYMENT EXPENSES

  • Patent Expenses Unless agreed otherwise, the Party filing a Patent Application will pay all preparation and filing expenses, prosecution fees, issuance fees, post issuance fees, patent maintenance fees, annuities, interference expenses, and attorneys’ fees for that Patent Application and any resulting Patent(s). If a license to any CRADA Subject Invention is granted to Collaborator, then Collaborator will be responsible for all expenses and fees, past and future, in connection with the preparation, filing, prosecution, and maintenance of any Patent Applications and Patents claiming exclusively licensed CRADA Subject Inventions and will be responsible for a pro-rated share, divided equally among all licensees, of those expenses and fees for non-exclusively licensed CRADA Subject Inventions. Collaborator may waive its exclusive option rights at any time, and incur no subsequent financial obligation for those Patent Application(s) or Patent(s).

  • Medical Expenses 1. Employees exposed to hazardous physical, biological, or chemical agents shall be provided, at no cost to the employee, with medical examinations or evaluations required by VOSHA regulations. If there are no specific VOSHA regulations or standards for the agent in question, recommendations of the National Institute of Occupational Safety and Health or other generally recognized expert organization shall be used, as determined by the Commissioner of Health. 2. Employees determined by the Health Department to be at substantial risk for exposure to contagious diseases shall be provided appropriate vaccines. Groups at risk will be defined by the Vermont Department of Health. If no guidelines have been published by the Department of Health, the guidelines published by the Center for Disease Control in Atlanta, Georgia will apply. Vaccines and/or appropriate medical examinations will be provided at no cost to the employee according to applicable guidelines. 3. Any Department wishing to implement a Medical Monitoring Program on or after July 1, 1990, shall do so by conferring with the Health Department, and the Department of Human Resources. Prior to implementation, the Department of Human Resources shall notify VSEA. The parties shall meet within ten (10) days (unless mutually extended) after a request for negotiations by either party and thereafter on a regular basis for a period not exceeding forty-five (45) calendar days, after which the State may implement the program, whether or not the parties have bargained to genuine impasse. The VSEA shall retain all statutory impasse procedure rights as may be lawfully available to VSEA during the life of this Agreement, provided, however, the State at any time may withdraw its proposed medical monitoring program or terminate without further bargaining a medical monitoring program previously implemented, in which case, such retained statutory impasse procedure rights are extinguished.

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money 5.3.2. The following costs are never eligible for reimbursement: • costs for excess baggage; • costs that are covered by the per diem; and • costs that are covered from a source other than this Contract 5.3.3. Travel tickets are reimbursed by EFI up to the cost of economy class level on basis of the most cost efficient itinerary, taking into account ticket price, travel duration, number of connections and safety of the transporting company. 5.3.4. For travel tickets, EFI requires the following documentation as supporting evidence: copies of tickets or electronic reservation, invoices and boarding cards. This documentation must clearly show the class of travel used, the time of travel and the amount paid.

  • Enforcement Expenses The Maker agrees to pay all costs and expenses of enforcement of this Note, including, without limitation, reasonable attorneys’ fees and expenses.

  • Transfer Expenses Before a transfer takes place the terms under which such transfer is to occur shall be agreed between the employee and the employer and recorded in writing. For: Transferring on promotion; or Transferring at the convenience of the employer