Common use of Third Party Subrogation Clause in Contracts

Third Party Subrogation. The parties agree to recommend to the Trustees of the Health and Welfare Plan that effective on the date of ratification of this Memorandum a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds 100% of the member’s pre-disability gross income. Gross income will be calculated by using the member’s regular hourly job rate times (x) 40 hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.

Third Party Subrogation. The parties Parties agree to recommend to the Trustees of the Health and Welfare Plan that effective on the date of ratification of this Memorandum memorandum a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds 100% of the member’s 's pre-disability gross income. Gross income will be calculated by using the member’s 's regular hourly job rate times (x) 40 forty (40) hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.

Third Party Subrogation. The parties Parties agree to recommend to the Trustees of the Health and Welfare Plan that effective on the date of ratification of this Memorandum a third party part subrogation clause be adopted so that the Weekly Indemnity indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury injury, or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which that exceeds 100% of the member’s pre-disability gross income. Gross income will be calculated by using the member’s regular hourly job rate times (x) 40 hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.

Third Party Subrogation. The parties agree to recommend to the Trustees of the Health and & Welfare Plan that effective on the date of ratification of this Memorandum memorandum a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds 100% of the member’s pre-pre- disability gross income. Gross income will be calculated by using the member’s regular hourly job rate times (x) 40 hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.

Third Party Subrogation. The parties Parties agree to recommend to the Trustees of the Health and Welfare Plan that effective on the date of ratification of this Memorandum a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party Party for illness, injury injury, or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which that exceeds 100% of the member’s pre-disability gross income. Gross income will be calculated by using the member’s regular hourly job rate times (x) 40 hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreementAgreement.

Third Party Subrogation. The parties Parties agree to recommend to the Trustees of the Health and Welfare Plan that effective on the date of ratification of this Memorandum a third party subrogation clause be adopted so that the Weekly Indemnity Plan can be reimbursed from damages recovered from a liable third party for illness, injury or income loss. The Plan will be entitled to recover the full amount of benefits paid to the member which exceeds 100% of the member’s pre-disability gross income. Gross income will be calculated by using the member’s regular hourly job rate times (x) 40 hours. Trustees to work out the application and details, including the deduction of legal fees from the settlement and the execution of a reimbursement agreement.