Compensation Payment definition

Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

Compensation Payment has the meaning given to it in the Limited Assignment of Construction Contract.

Compensation Payment means either the Default Termination Payment or the Non-Default Termination Sum as defined in Schedule B.

Examples of Compensation Payment in a sentence

• Compensation: Payment for completed supplies delivered and accepted by the city shall be at the contract price.

• Upon termination of this Agreement by the Company for Cause pursuant to Paragraph 6(c), the Company shall pay the Executive (i) the Compensation Payment; and (ii) the Reimbursement.

• Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b), (i) the Company shall pay the Executive the Compensation Payment; (ii) the Company shall pay the Executive the Reimbursement; and (iii) any Unvested Securities shall immediately be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants or other convertible securities).

• Upon Termination of this Agreement by the Executive pursuant to Paragraph 6(d), the Company shall pay the Executive (i) the Compensation Payment; and (ii) the Reimbursement.

• Within 90 days after the due date of each Contingent Compensation Payment to the Executive, the Company shall pay to the Executive, in cash, the Gross-Up Payment with respect to such Contingent Compensation Payment, in the amount determined pursuant to this Section 4.3(a).

More Definitions of Compensation Payment

Compensation Payment means a payment by Xxxxxxx to or for the benefit of Executive in the nature of compensation, whether paid or payable pursuant to this Agreement or otherwise.

Compensation Payment has the meaning given in Schedule 7.2 (Payments on Termination);

Compensation Payment means a payment, other than a goodwill payment, made by us to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of our contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where we accept liability for having caused the loss concerned. Compensation payment excludes

Compensation Payment shall have the meaning set forth in Section 6(a) of this Agreement.

Compensation Payment has the meaning given in Clause 46.6;

Compensation Payment means a payment, including a payment in money’s worth, made—

Compensation Payment means a sum calculated as follows: