Common use of Your Compensation Clause in Contracts

Your Compensation. a. TCG will promptly notify You of the outcome of the Claim(s). b. If Your Claim(s) for Compensation is successful, You are responsible for cancelling any active PPI policy(ies), where applicable and/or identifying a replacement policy(ies) if appropriate. c. Your Compensation may be applied as part of Your bankruptcy estate, insolvency asset, or other debt arrangement and Your Compensation may not be paid directly to You. d. Where interest is included as part of the Compensation it may be taxable depending on Your personal tax status and You understand that You are required to disclose this payment to HMRC.

Your Compensation. a. TCG will promptly notify You of the outcome of the Claim(s). b. If Your Claim(s) is successful for Compensation is successfulCompensation, You are responsible for cancelling any active PPI policy(ies)policy, where applicable and/or identifying a replacement policy(ies) policy, if appropriate. c. Your Compensation may be applied as part of Your bankruptcy estate, insolvency asset, or other debt arrangement and Your Compensation may not be paid directly to You. d. Where interest is included as part of the Compensation it may be taxable depending on Your personal tax status and You understand that You are required to disclose this payment to HMRC.